**Charity registration number 1044539 (England and Wales) Charity registration number SC041111 (Scotland)**
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr S Paget Mr A Thomas (Treasurer) Mrs J Girvan (Chairperson) Mrs J Rogers Mrs F Blyth (Appointed 23 June 2025) **Charity registrations** England and Wales 1044539 Scotland SC041111 **Principal address** BCM International UK (Anchor) Trust 214 Church Drive Quedgeley Gloucester Gloucestershire GL2 4US **Independent examiner** GMcG LISBURN Century House 40 Crescent Business Park Lisburn BT28 2GN **Bankers** Santander Bridle Road Bootle Merseyside L30 4GB **Solicitors** Ellis-Fermor & Negus Market Place Ripley Derbyshire DE5 3BS
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 6|
|Independent examiner's report|7 - 8|
|Statement of financial activities|9|
|Statement of financial position|10|
|Notes to the financial statements|11 - 18|
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
The Trustees present their report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's Deed, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Charities Act 2011 Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019)
## **Objectives and activities**
The Trust Deed sets out the following charitable objects; which the charity undertakes in England, Wales, Scotland and Northern Ireland:
- to proclaim the Gospel in order that children, teenagers and adults come to faith in Jesus Christ as Saviour and Lord;
- to establish believers in the Christian life and in service through constructive, consistent teaching of the Word of God;
- to encourage attendance at, involvement in, and loyalty to a local Bible-believing church;
- to serve the local Bible-believing church;
- to maintain fellowship with all sections of BCM International and the advancement of fellowship with any group of believers having similar purpose and activity, in any part of the United Kingdom or overseas;
- the provision of financial support for any minister, evangelist, missionary or other worker engaged in the spread of the Christian Gospel, whether directly by or through any Church, Mission or Charity by whom such person is supported; and,
- the relief of poverty or suffering.
## _Public benefit_
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.
## **Achievements and performance**
## _Significant activities and achievements against objectives_
In 2025 the Trustees continued to build on the previous year in their faithfulness to God’s call in fulfilling their role and responsibilities with respect to the objectives of BCM International UK in Scotland and Northern Ireland. The building of closer relationship with the Republic of Ireland continues to grow.
We have been building on our vision and purpose statement:
## **“For more and more children and young people to know, love and obey God”.**
The following is a summary of our work during 2024 in the different parts of the United Kingdom.
- 1 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Northern Ireland**
**Summer Camps** – 8 Six-day residential camps were hosted at Mullartown House, Annalong during July & August. 4 of these were children’s camps, 1 pre-teen, 1 junior teen, 1 senior teen and 1 family week camp. A total of 591 campers attended and 253 volunteers were involved. One of the children’s camps is targeted towards disadvantaged young people from the Belfast area, a number of whom have been referred to us by Social Services. We also ran an additional 4-day residential summer camp at the Ganaway Centre for teens; 42 campers and 15 volunteers were involved. Each camp is run by a Programme Director who with their teams of leaders work hard to ensure that the young people have an enjoyable physical, mental and spiritual experience at camp.
**Bible Clubs** – These clubs are held during term time and enable us to reach children and encourage them to pursue a deeper relationship with God. Our Bible Clubs were run by around 40 volunteers. The weekly Bible Clubs were run in Stoneyford, Ballygowan and the Lurgan, attracting 9-16 children each week in each area. A new Bible Club commenced in Coleraine, running 5 weeks and attracting an average of 8 children. We also ran spells of Bible Club in various areas during term-time:15 clubs in West Belfast, 14 clubs in the Markets area of Belfast, 7 clubs in Downpatrick. Attendance at these clubs ranged from 13 to 25 children.
We also ran 3 discipleship groups for teenagers weekly at Mullartown House, with an average of 72 teens per week, a third group ran monthly in Lisburn with an average of 25 teens per week. An additional bible study group for junior teens met monthly in Railway Street.
**BCM Residential Weekends** – In 2025 Mullartown House hosed 4 weekend reunions from the summer camps – Kids’ Camp, Family Camp, Junior Teens/Merge, and Senior Teens. There were also 2 City Kids’ residential weekends and 3 City Teens’ residential weekends, primarily attracting children and young people from inner city areas of Belfast. In total 527 campers attended BCM weekend camps in 2025 and were served by 209 volunteers. In addition, we had a Summer Camp Volunteer Training Weekend and a Ladies’ weekend and we also hosted the BCM UK & Ireland Conference on January 2025 bringing together 50 BCM missionaries and Board Members from Northern Ireland, Scotland and England.
**Supporting local churches -** Our property in Annalong hosts residential weekends for church-based groups and school and university Christian Unions, enabling us to serve the local Bible believing Church. In 2025, 28 different residential groups used our facilities, meaning we welcomed over 1335 visitors to Mullartown House over the course of the year. These visitors were served by around 100 volunteers.
The BCM Centre in Lisburn was closed for renovations during 2025, but 2 parachurch groups continued to meet for Bible Studies and prayer meetings in our temporary premises in Railway Street.
## **Summer Outreach:**
**Hello Life** – seeks to reach local communities through different forms of outreach including Bible Clubs, visitation, practical help and family fun days. 4 teams worked during July and August, each made up of an average of 12 – 19 volunteers; in Lurgan, Lisburn, Downpatrick, Belfast and Belfast. 2 of the teams were residential. For several of the volunteers this was the first time they had participated in this type of outreach
**3 Day to 5 Day Clubs** – During the Hello Life weeks 55 individual Bible Clubs took place, mostly as part of 3-day, 4- day, or 5-day series in various housing estates, with attendance ranging from 12 to 25 children.
**Other activities** : A number of other activities are held throughout the year to reach children, young people and adults with the gospel and to encourage them in their faith. These included missionaries speaking at schools on numerous occasions. We also ran a 4-week mentoring programme for some of our summer volunteers.
- 2 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Scotland**
2025 was a year of consolidating and developing existing endeavours. We continued to work in two areas: East Dunbartonshire and North Lanarkshire.
## **Children and Teen’s work.**
Enthusiastic attendance in our clubs continued throughout the year with themes like Bible Heroes being very popular.
A slow growth in the teens attending our monthly ‘Merge’ teen club was encouraging for the leaders. Once again, we held our residential holidays at the Windmill Christian centre in Arbroath. We are really grateful to the faithful staff who are willing to give up their time and serve our Teens and children at ‘camp’. Both campers and staff have a great time.
## **Adult Ministries**
The Alsortz group continues, and despite meeting in one church, attracts folk from other churches and also some unchurched folk.
The Ladies’ Weekend was an encouragement to all who attended, though once again the numbers attending were lower than last year. Some of this was due to cost but also the majority of the group are getting older. Our plan for the future is to try to attract the ‘next generation’ of ladies to start attending. We also provided recordings in various formats for the talks from the ladies’ weekends.
## **Tilsey Bible College**
We have been developing strong links with the college and for the second year running we have participated in sharing the ministry of BCM with the students.
## **Financially**
The costs of some of our events has continued to rise. This has meant making necessary adjustments in our programme.
The Breakout holidays, the teen and ladies’ weekends have seen massive increases in the costs of accommodation and transport. This has somewhat affected the numbers attending. We do not see these increases will stop any time soon.
We are thankful to the folk, who despite facing the same rise in costs in their own lives, have given to help others be able to be a part of the Scottish family of BCM.
- 3 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **TRUSTEES' REPORT (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
## **- Future Ministry Development England & Wales**
Since our first new Regional Development Missionary Eric Richardson joined us with Kristanna and the family in January 2025 we have seen a lot of exciting developments in England in the London area. During 2025 Eric delivered his “The Bible Chart” curriculum to a youth group in London over a number of months. It was great and it was really wonderful to see the youth group get excited about the Bible through this chronological overview. There were so many great and deep questions asked throughout the course that led to really important conversations about faith.
Bible Clubs are coming! Eric and a local pastor have been working together to create two Bible Clubs in the area, and both have started after the Easter break in 2026. One will be starting at a local primary school, and the staff have been really supportive of the effort. The other Bible Club will start meeting weekly at a local church that has a great team of volunteers to help run it. We can’t wait to see how God uses these clubs in the community
## **2025 BCM European Conference**
We were able to send 11 of our missionary team in the UK to the Bi-Annual European Conference from 15[th] to 22[nd] October 2025. This year it was hosted by the BCM team in The Netherlands. It was a great opportunity for our team to meet with other BCM missionaries working across Europe.
## **U.K. Oversight**
As a Trust Board we have continued to meet quarterly over Zoom, which has helped reduce travelling costs and the need for trustees having to spend weekends away to attend meetings.
The Trustees continue to be responsible for keeping BCM International UK up to date with regulations and legal requirements. They continue to be actively involved in monitoring and reviewing of all our policies. They provide pastoral care for the BCM International UK missionaries and volunteers as they serve the children and young people.
With the restarting of the work in England & Wales, we produced a new Safeguarding Policy & Procedure for BCM England & Wales and also two of our trustees attended an Online DBS checks and Eligibility webinar hosted by Thirty-One: Eight. Eric Richardson also attended a Safeguarding Children and Young People webinar which they hosted as well.
The Trustees are also keeping under review the financial support needs of our missionaries, as our missionaries are a vital part of our ministry.
## **Financial review**
The results for the year are as set out on pages 9 to 18. The Trust returned net incoming resources of £49,178 of which there were unrestricted net incoming resources of £25,252 and restricted net incoming resources of £23,926. At 31 December 2025 the balance of unrestricted reserves was £931,142 (2024 - £905,890).
The results of the Trust have been impacted greatly in recent years by net gains and losses on investment valuations. In the year ended 31 December 2025, included in the statement of financial activities is a gain on investments of £67,195 (2024 - £43,813). Excluding these gains and losses the Trust would have returned net outgoing resources of £18,017 (2024 - £31,584).
## _Reserves policy_
The policies adopted in furtherance of these objects are detailed below and there has been no change in these during the year.
- 4 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **TRUSTEES' REPORT (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
## _Principal funding sources_
Unrestricted funds are needed:
a) to provide funds which can be designated to specific activities to enable these activities to be undertaken at short notice and
b) to cover administration, fund-raising and support costs without which the charity could not function.
The Trustees consider it prudent that unrestricted reserves should be sufficient: a) to avoid the necessity of realising fixed assets held for the charity's use; b) to cover direct and indirect expenses.
Unrestricted funds currently meet this requirement.
The level of reserves is monitored by the Trustees on a regular basis.
Restricted funds are restricted donations held on trust for specific purposes. At 31 December 2025 the balance of restricted funds totaled £35,369 (2024 - £11,443).
## _Major risks_
The trustees have a risk management strategy which comprises:
- An annual review of the principal risks and uncertainties that the charity faces.
- The establishment of policies, systems, and procedures to mitigate those risks identified in the annual review; and
- The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
This work has identified that financial sustainability is a major financial risk for the charity. As a result, an Investment Policy has been produced to ensure that sufficient liquid funds are held in the Trusts bank accounts to settle debts as they fall due. The liquid funds are regularly reviewed by the Finance Officer and Trustees and investments are periodically sold to boost the liquid funds held.
## **Structure, governance and management**
The Trust is unincorporated and governed by Trust Deed.
The Trustees who served during the year and up to the date of signature of the financial statements were: Mr S Paget
Mr A Thomas (Treasurer) Mrs J Girvan (Chairperson) Mrs J Rogers Mr B Abercrombie (Vice Chairperson) (Resigned 13 January 2026) Mrs F Blyth (Appointed 23 June 2025)
## _Recruitment and appointment of trustees_
The existing Trustees have the power and responsibility of appointing new Trustees.
As much of the charities work is involved in working with children and young people the trust carries out DBS checks of all our workers and volunteers in accordance with our Child Protection & Safeguarding Policy.
## _Induction and training of trustees_
We continue to look at the strengthening of the Trust Board to help us develop a fresh vision for our ministry in the UK and to oversee the governance and ministry of the mission.
- 5 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## _Remuneration policy_
Mr A Thomas, continues to serve as our Finance Officer and therefore receives remuneration from the charity for providing these professional services, as permitted by the Trust Deed.
None of the other Trustees receive any remuneration from their work with the charity, although reasonable travelling expenses are reimbursed for attending the formal meetings.
In addition, Mr & Mrs S Paget are receiving the retirement allowance, which is currently paid to our retired missionaries, on a discretionary basis. However, Mr Paget does not participate in the annual review of the allowance, carried out by the Trustees.
Any connection, or contractual relationship, between a trustee and another organisation which might lead to a conflict of interest, must be disclosed to the full board of trustees. In the current year no such related party transactions were reported.
The Trustees' report was approved by the Board of Trustees.
## Judith Girvan
~~..............................~~ Judith Girvan (Jun 18, 2026 07:38:47 GMT+1)
Mrs J Girvan (Chairperson)
## **Trustee**
Date: .............................................
- 6 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF BCM INTERNATIONAL UK (ANCHOR) TRUST**
We report on the financial statements of the trust for the year ended 31 December 2025, which are set out on pages 9 to 18.
## **Respective responsibilities of Trustees and examiner**
The charity's Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Charities Act 2011. The charity's Trustees consider that the audit requirements of Regulation 10(1)(a) to (c) of the Charities Accounts (Scotland) Regulations 2006 and section 144 of the Charities Act 2011 do not apply. The charity is preparing accrued accounts and we are qualified to undertake the examination being qualified members of Chartered Accountants Ireland.
## It is our responsibility to:
- (i) examine the financial statements under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Act 2011;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to our attention.
## **Basis of independent examiner's statement**
Our examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (the 2006 Accounts Regulations) and the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the financial statements.
- 7 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **Independent examiner's statement**
In connection with our examination, no matter has come to our attention:
- (a) which gives us reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 44(1) (a) of the 2005 Act, and Regulation 4 of the 2006 Accounts Regulations and section 130 of the 2011 Act; and
- (ii) to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations and the requirements of the Charities (Accounts and Reports) Regulations 2008;
have not been met or
- (b) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
GMcG LISBURN
Century House 40 Crescent Business Park Lisburn BT28 2GN
Dated: .........................
- 8 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**2**
15,665
89,658
Charitable activities
**3**
16,380
-
Investments
**4**
6,051
-
Other income
**5**
107
-
**Total income**
38,203
89,658
**Expenditure on:**
Charitable activities
**6**
80,146
65,732
**Total expenditure**
80,146
65,732
Net gains/(losses) on
investments
**10**
67,195
-
**Net income and movement in**
**funds**
25,252
23,926
**Reconciliation of funds:**
Fund balances at 1 January
2025
905,890
11,443
**Fund balances at 31**
**December 2025**
931,142
35,369|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
105,323
4,568
59,614
16,380
16,463
-
6,051
6,813
-
107
161
-
127,861
28,005
59,614
145,878
60,900
58,303
145,878
60,900
58,303
67,195
43,813
-
49,178
10,918
1,311
917,333
894,972
10,132
966,511
905,890
11,443|**Total**
**2024**
**£**
64,182
16,463
6,813
161|
|---|---|---|
|||87,619|
|||119,203|
|||119,203|
|||43,813|
|||12,229
905,104|
|||917,333|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 9 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **STATEMENT OF FINANCIAL POSITION**
## **AS AT 31 DECEMBER 2025**
|**Notes**
**Fixed assets**
Investments
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**15**
Unrestricted funds
**16**|**2025**
**£**
-
88,184
88,184
(6,885)|**£**
885,212
81,299
966,511
35,369
931,142
966,511|**2024**
**£**
445
57,544
57,989
(8,673)|**£**
868,017
49,316|
|---|---|---|---|---|
|||||917,333|
|||||11,443
905,890|
|||||917,333|
The financial statements were approved by the Trustees on ......................... and signed on their behalf by:
## Alan Thomas
~~..............................~~ Alan Thomas (Jun 16, 2026 11:46:12 GMT+1) Mr A Thomas (Treasurer) **Trustee**
- 10 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1 Accounting policies**
## **Charity information**
BCM International UK (Anchor) Trust is an unincorporated charity, registered with the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator. The charity operates from 214 Church Drive, Quedgeley, Gloucester, Gloucestershire, GL2 4US.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Trust's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The trust is a Public Benefit Entity as defined by FRS 102.
The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Investment income is recognised when receivable.
- 11 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1 Accounting policies (Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, depreciation costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at the office. Office costs, depreciation costs, governance costs and payroll costs are allocated to charitable activities based on useage. The allocation of the support costs is analysed in note 7.
## **1.6 Fixed asset investments**
Fixed asset investments are stated at market value.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 12 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1 Accounting policies (Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the trust’s contractual obligations expire or are discharged or cancelled.
## **2 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
15,665
89,658
**Donations and gifts**
Missionary donations and
gifts
-
89,658
Gifts for general work
15,665
-
Camp donations and gifts
-
-
15,665
89,658|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
105,323
4,568
59,614
89,658
-
58,614
15,665
4,568
-
-
-
1,000
105,323
4,568
59,614|**Total**
**2024**
**£**
64,182|
|---|---|---|
|||58,614
4,568
1,000|
|||64,182|
## **3 Income from charitable activities**
||**Camps and**|**Camps and**|
|---|---|---|
||**conferences**|**conferences**|
||**2025**|**2024**|
||**£**|**£**|
|**Donations and gifts**|||
|Donations received for charitable activities|15,450|15,441|
|Other income|930|1,022|
||16,380|16,463|
- 13 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **4 Income from investments**
|Income from listed investments
Interest receivable
**Other income**
Other income
**Expenditure on charitable activities**
**Missionary**
**expenses**
**Camps and**
**conferences**
**2025**
**2025**
**£**
**£**
**Direct costs**
Missionary costs
65,657
75
Retirement allowance
28,078
-
Camp and conference
expenses
-
20,098
93,735
20,173
**Share of support and governance costs (see note 7)**
Support
25,192
-
Governance
6,778
-
125,705
20,173
**Analysis by fund**
Unrestricted funds
60,048
20,098
Restricted funds
65,657
75
125,705
20,173|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2025**
**2024**
**£**
**£**
4,275
4,519
1,776
2,294
6,051
6,813
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2025**
**2024**
**£**
**£**
107
161
**Total**
**Missionary**
**expenses**
**Camps and**
**conferences**
**Total**
**2025**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
65,732
58,303
-
58,303
28,078
27,237
-
27,237
20,098
-
16,062
16,062
113,908
85,540
16,062
101,602
25,192
10,924
-
10,924
6,778
6,677
-
6,677
145,878
103,141
16,062
119,203
80,146
44,838
16,062
60,900
65,732
58,303
-
58,303
145,878
103,141
16,062
119,203|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2025**
**2024**
**£**
**£**
4,275
4,519
1,776
2,294
6,051
6,813
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2025**
**2024**
**£**
**£**
107
161
**Total**
**Missionary**
**expenses**
**Camps and**
**conferences**
**Total**
**2025**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
65,732
58,303
-
58,303
28,078
27,237
-
27,237
20,098
-
16,062
16,062
113,908
85,540
16,062
101,602
25,192
10,924
-
10,924
6,778
6,677
-
6,677
145,878
103,141
16,062
119,203
80,146
44,838
16,062
60,900
65,732
58,303
-
58,303
145,878
103,141
16,062
119,203|
|---|---|---|
|||**Total**
**2024**
**£**
58,303
27,237
16,062|
|||101,602
10,924
6,677|
|||119,203|
|||60,900
58,303|
|||119,203|
## **5 Other income**
## **6 Expenditure on charitable activities**
- 14 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**7**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Insurance
548
-
Postage and office
1,873
-
Telephone
323
-
Travel
827
-
Donations
11,293
-
Sundry expenses
10,178
-
Publication costs
150
-
Accountancy and
Bookkeeping
-
6,778
25,192
6,778
Analysed between
Charitable activities
25,192
6,778|**2025**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
548
548
-
1,873
1,555
-
323
269
-
827
1,334
-
11,293
2,672
-
10,178
4,276
-
150
270
-
6,778
-
6,677
31,970
10,924
6,677
31,970
10,924
6,677|**2024**
**£**
548
1,555
269
1,334
2,672
4,276
270
6,677|
|---|---|---|
|||17,601|
|||17,601|
Governance costs includes payments to the independent examiners of £1,440 (2024 - £1,380) for accountancy services.
## **8 Trustees**
During the year retirement allowances were paid to Mr Stan Paget and Mrs Irene Paget, as retired missionaries of £5,343 (2024 - £5,184).
Mr Alan Thomas received £5,338 (2024 - £5,297) during the year for the provision of book-keeping & administrative services to the charity.
## **9 Employees**
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
There were no employees whose annual remuneration was more than £60,000.
- 15 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**10**|**Gains and losses on investments**||||
|---|---|---|---|---|
||||**Unrestricted**|**Unrestricted**|
||||**funds**|**funds**|
||||**2025**|**2024**|
||Gains/(losses) arising on:||**£**|**£**|
||Revaluation of investments||67,195|43,813|
|**11**|**Fixed asset investments**||||
|||||**Unlisted**|
|||||**investments**|
|||||**£**|
||**Cost or valuation**||||
||At 1 January 2025|||868,017|
||Valuation changes|||67,195|
||Disposals|||(50,000)|
||At 31 December 2025|||885,212|
||**Carrying amount**||||
||At 31 December 2025|||885,212|
||At 31 December 2024|||868,017|
|**12**|**Debtors**||||
||||**2025**|**2024**|
||**Amounts falling due within one year:**||**£**|**£**|
||Other debtors||-|204|
||Prepayments and accrued income||-|241|
||||-|445|
|**13**|**Creditors: amounts falling due within one year**||||
||||**2025**|**2024**|
|||**Notes**|**£**|**£**|
||Deferred income|**14**|4,080|6,790|
||Trade creditors||1,425|563|
||Accruals||1,380|1,320|
||||6,885|8,673|
- 16 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
## **14 Deferred income**
||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Arising from deposits held for Conferences|4,080|6,790|
## **15 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At**|**1 January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|---|
|||**2025**|**resources**|**expended**|**December**|
||||||**2025**|
|||**£**|**£**|**£**|**£**|
|Missionary Fund||10,788|89,658|(65,657)|34,789|
|Conference Fund||75|-|(75)|-|
|Camp Fund||580|-|-|580|
|||11,443|89,658|(65,732)|35,369|
|**Previous year:**|**At**|**1 January**|**Incoming**|**Resources**|**At 31**|
|||**2024**|**resources**|**expended**|**December**|
||||||**2024**|
|||**£**|**£**|**£**|**£**|
|Missionary Fund||10,057|58,614|(57,883)|10,788|
|Conference Fund||75|-|-|75|
|Camp Fund||-|1,000|(420)|580|
|||10,132|59,614|(58,303)|11,443|
## Missionary Fund
The Missionary Fund represents funds received for the benefit of the work of specific missionaries.
- 17 -
## **BCM INTERNATIONAL UK (ANCHOR) TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
|**16**|**Unrestricted funds**|||||||
|---|---|---|---|---|---|---|---|
|||**At**|**1 January**|**Incoming**|**Resources**|**Gains and**|**At 31**|
||||**2025**|**resources**|**expended**|**losses**|**December**|
||||||||**2025**|
||||**£**|**£**|**£**|**£**|**£**|
||General funds||905,890|38,203|(80,146)|67,195|931,142|
||**Previous year:**|**At**|**1 January**|**Incoming**|**Resources**|**Gains and**|**At 31**|
||||**2024**|**resources**|**expended**|**losses**|**December**|
||||||||**2024**|
||||**£**|**£**|**£**|**£**|**£**|
||General funds||894,972|28,005|(60,900)|43,813|905,890|
|**17**|**Analysis of net assets between**|**funds**||||||
||||||**Unrestricted**|**Restricted**|**Total**|
||||||**funds**|**funds**||
||||||**2025**|**2025**|**2025**|
||||||**£**|**£**|**£**|
||**At 31 December 2025:**|||||||
||Investments||||885,212|-|885,212|
||Current assets/(liabilities)||||45,930|35,369|81,299|
||||||931,142|35,369|966,511|
||||||**Unrestricted**|**Restricted**|**Total**|
||||||**funds**|**funds**||
||||||**2024**|**2024**|**2024**|
||||||**£**|**£**|**£**|
||**At 31 December 2024:**|||||||
||Investments||||868,017|-|868,017|
||Current assets/(liabilities)||||37,873|11,443|49,316|
||||||905,890|11,443|917,333|
## **18 Related party transactions**
There were no disclosable related party transactions during the year other than those with Trustees disclosed in Note 9.
- 18 -