Reliable, compliant, and insightful financial reporting for fiduciary structures

Trusts and foundations in Jersey and Guernsey are key vehicles for wealth preservation, succession planning, and global investment. Their financial reporting obligations, while often private, remain critical for effective governance, regulatory compliance, and maintaining the confidence of beneficiaries and professional advisers.

Our Expertise

At BCR, our team of experts provide accurate, timely, and jurisdictionally appropriate financial statement preparation for Channel Islands trusts and foundations.

Our Approach

Whether required for internal trustee reporting, family office reviews, tax disclosures, or legal processes, our statements present a clear and detailed picture of the structure’s financial position. We adapt our approach to suit the complexity of each arrangement, from single-asset family trusts to multi-layered, cross-border structures.

We support the following clients:

• Professional and private trustees in Jersey and Guernsey.
• Foundation council members.
• Family offices managing fiduciary structures.
• Legal counsel and tax advisers.
• Beneficiaries seeking transparency and accountability.
• Corporate Service Providers and trust companies.

Why it matters

Although Channel Islands trusts and foundations are often private in nature, financial statements are a core part of robust fiduciary practice. Well-prepared reports demonstrate transparency, help prevent disputes, and support trustees in fulfilling their duties under local law and trust instruments. They are particularly important in structures involving:

• UK tax exposure.
• Family disagreements.
• Asset transfers or litigation.
• Multi-generational succession.
• Periodic trustee changes.
• Significant investment performance reviews.

Our Services

We provide the support with the following:

• Preparation of financial statements in accordance with applicable accounting frameworks (e.g. FRS 102, IFRS, or bespoke formats).
• Analysis and presentation of assets, liabilities, income, and distributions.
• Consolidated reporting for structures with underlying entities or investments.
• Support for audit or assurance processes where required.
• Customised trustee or council member packs for governance meetings.
• Interim or event-specific reporting (e.g. before distributions or restructuring).
• Collaboration with tax advisers for disclosures and compliance returns.
• Filing and support documentation for court, regulatory, or matrimonial purposes.

We can also produce explanatory schedules and visual summaries for beneficiaries or lay stakeholders who may not be familiar with accounting terminology.

Our values in action

Excellence: Accurate and insightful financial statements tailored to your structure.
Delivery: Timely outputs with clear presentation and responsiveness.
Respect: Supporting fiduciary obligations with care and integrity.
Elegance: Professional reporting with clarity and practical value.‍

Why BCR Pro

Our financial reporting is accurate, compliant, and tailored to the needs of fiduciary structures in Jersey and Guernsey. Our expert team delivers clear, reliable statements that support governance, transparency, and informed decision-making across even the most complex arrangements.