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2025-03-31-accounts

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WATCHMAN CATHOLIC CHARISMATIC RENEWAL MOVEMENT

OSCR Charity Registration Number: SC036960

Annual Report and Financial Statements

31 March 2025

WATCHMAN CATHOLIC CHARISMATIC RENEWAL MOVEMENT

Annual Report and Financial Statements Contents

Page
Annual Report of the Trustees 2
Independent Examiner's report to the Trustees 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9

1

WATCHMAN CATHOLIC CHARISMATIC RENEWALMOVEMENT Annual Report of the Trustees For the year ended 31 March 2025 The trustees present their annual report and financial statements of the charity for the year that ended 31 St March 2025. The financial statements have been prepared in accordance wtth the accounting policies set out in note 1 to the accounts and comply with the Charities and Trustee Investrnent (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Enttiies published on 16th July 2014. 1. Reference and Administralivelnforniation 1.1 Charity Name Watchman Catholic Charismatic Renewal MovemenL' The Church was established on 30 September 2005 and is a charity which was fomially registered with the Office of the Scottish Charity Regulator on 30 September 2005. The charty registration number is SC036960. 1.2 Affiliations The Church is a member of Watchman Catholic Charismatic Renewal Movement Wor1￿lde, the Evangelistic arm of Voice of the Last Days Ministy Incorporated with headquarters in Lagos, NKJeria. 1.3 Principal Address Watchman Catholic Charismatic Renewal Movement. 1681170 Victoria Road, Aberdeen. A8119NL 1.4 Trustees The Trustees th served during the year and who were sepiing at the date of this report were: 1.5 Professional Advisers andAgents The principal professional advisers and agents employed on behalf of the Church as at the date of this report are as follows: Banker. HSBC 15 Wellington Street Woolwch London, SE18 6PH Independent Accountants: BB Accounts'ng Solut￿n5 Ltd 47 Broad Street, Glasgow, G40 2QW 2. Structure, Governance & Management 2.1 The Goveming Documents The Trust's goveming document is the Trust Deed dated 30 September 2005. 2.2 Trustees The Trustees of the Church are responsible for the day to day management of the Church's business in accordan￿ wth the Church's objects. Trustees are membets appointed by the recommendation of the National Overseer of the Watchman Catholic Charismatic Renewal Movement in UK and by the existing trustee members with approval from the Europe Regional Overseer of Watchman Catholic Charismatic Renewal Movement (WCCRM) and the General Superintendent of WCCRM. Trustees must be at least 18 years old and must have been seasoned members of the group. Trustees meet approximately 2 times per annum to discuss a full range of matters relab'ng to leadership, finance, fabric. general administration, etc.

WATCHMAN CATHOLIC CHARISMATIC RENEWAL MOVEMENT

Annual Report of the Trustees For the year ended 31 March 2025

The induction process for any individual newly-appointed as a Trustee comprises an initial meeting with the chair of the Trustees and receipt of copies of:

2.3 Church Members

Membership of the Watchman Catholic Charismatic Renewal Movement, United Kingdom shall be open to anyone who is interested in helping the group to achieve its aim and willing to abide by the rules of the group. Every member shall have equal rights and privileges irrespective of race, colour, status, etc.

2.4 Risk Management

The Church’s primary concern and objective is the glory of God. Whilst it is the Church’s policy to trust wholly in the Lord that He will work out His purpose to this end, the Church also acknowledges that it has a responsibility for the identification and proper management of risks faced by the Church in achieving its primary aim. The Trustees have therefore assessed the major risks to which the Church is exposed, in particular those relating to the specific operational areas of the Church and its finances. The Trustees believe that, by monitoring reserve levels, by ensuring that controls exist over key financial systems, and by examining the operational risks faced by the Church, they have established effective systems and procedures to mitigate those risks.

3. Objectives, Activities & Strategies

3.1 Objective

In accordance with the Trust Deed, the Church’s objectives are:

3.2 Activities

The Church has carried out the following activities during the year:

WATCHMAN CATHOLIC CHARISMATIC RENEWAL MOVEMENT

Annual Report of the Trustees For the year ended 31 March 2025

4

WATCHMAN CATHOLIC CHARISMATIC RENEWALMOVEMENT Annual Report of the Trustees For the year ended 31 March 2025 4. Achievements and Perfomiance During the year the Church provided spiritual guidance to the members of the public by organizing at least 3 church services every week. Not less than 6 Christian conferences were carried out in several locations in the UK. The Church also provided grants and no-interest loans to her indigent members. 5. Financial Review 5.1 Financial Activity and Financial Position The principal foms of funding are free will offerings and grant fijnding. The Statement of Financial Activities and Balance Sheet can be found on pages 7 and 8 respectively. The balance sheet shows total net assets of £212,784 {2024: £198,658). 5.2 Reserves Policy The Trustees have examined the requirements for free reserves. that is. those unrestricted funds not invested in tsngible fixed assets. The Trustees consider that, given the nature of the Church's work, free reserves should be equivalent to approximately 6 months, routine general fund expenditure. plus committed future expenditure on other projects, where funds permit. The Trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the Church to cope arKI respond to unforeseen emergencies whilst specific action plans are implemented. 2025 2024 Total reserves Less: fixed assets used for the continuing worf( of the Tabemade Add: long tenn loans 228,228 {258,892) 15,747 234,367 1259,066) 16,479 Free reserves -14,917 -8220 Free reserves requirement: 6 month's budgeted routineexpenditure 82,900 5.3 Grants Policy The Church makes grants, equivalent to approximately 5% of its incoming resources annually, to support missionary endeavors both in the UK and abroad. The policy of the Church is to give grants on the basis that they are subject to annual review and only renewed on the basis of meeting set criteria. 6. Plans for Future Periods The Church plans to pay off her Aberdeen Church Property Mortgage and buy a Church property for other Locations. She planned to held the December 2024 retreat at her Aberdeen Church property, which needed refurbishment to get the property in a sats'sfactory state for the retreat. The church plans to improve on her Weekend Outreaches, Joint fellowships in Seoland, and England and Wales. The Church plans to hold three WCCRM Intemal Ministers, Conferences and Workers, retreats in the year. one national touring outreach of the principal Church branches involving the Europe Regional Overseer and the General Superintendent of the Watchman Catholic Charismatic Renewal Movement (WCCRM) Worlthide. The Church plans to hold evangelism on Saturdays on weeks rotational basis at the Cty Centres in Aberdeen and other Church Locations, Wednesdays Night vigils in Aberdeen and Fridays Night Vigils at other Locats'ons lo build the Spiritual muscles of the Church forlh-nightly. The Church is hopeful of renewing her license lo sponsor missionaries and Charity Workers by the UK border agency. This will support the expansion process which has been severely affected by the limrted availability of appropriate Personnel to champion our missionary trust in the UK. Committed members of WCCRM will be allowed to use WCCRM building property as business contact address at no cost.

7. Responsibilities of Trustees for the Financial Statements

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Charity law in Scotland requires the Trustees to prepare financial statements for each financial year in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The financial statements are prepared in accordance with the Charities SORP (FRS 102) and give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that year.

In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the relevant Scottish charity legislation and regulations. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the charity’s website and the financial information included on it, and for submitting the annual report and accounts to OSCR in accordance with the applicable requirements.

8. Approval

The report of the Trustees was approved by the Trustees on 22[nd] December 2025 and signed on its behalf by:

Position: Chairman, Board of Trustees

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Watchman Catholic Charismatic Renewal Movement Charity Number SC036960

Independent Examiner’s Report to the Trustee’s of Watchman Catholic Charismatic Renewal Movement

I report on the accounts of the charity for the period ending 31 March 2025

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 Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)

The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulation does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiners statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006(as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 subsequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention-

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulation as (amended), and

  3. to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met, or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Dated: _17/12/2025_____

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WATCHMAN CATHOLIC CHARISMATIC RENEWALMOVEMENT Statement of Flnanclal Actlvltles For the year ended 31 March 2025 Unrestricted Restricted Funds Funds 2025 2025 Total 2025 Total 2024 Note Incoming resources Incoming resources from generated funds Incoming resources from charitable activities Other incoming resources 215.887 215.887 196,389 Total incoming resources 215.887 215,887 196,389 Resources expended Costs of generating funds Charitableacttvities Govemance costs 220,962 220,962 1,064 173,861 945 Total resources expended 222,026 222,026 174,806 Net losslgain resources before transfers .139 ,139 21,583 Gross transfers be￿een funds Nel losslgain resources before other recognized gains and losses -6.139 ,139 21,583 Other recognized gains and losses Net movement in funds .139 ,139 21,583 Reconciliation of funds Total funds brought forward 212.784 212,784 212,784 Total funds carried forward 234,367 234,367 234,367

WATCHMAN CATHOLIC CHARISMATIC RENEWALMOVEMENT Statement of Flnanclal Posltlon As at 31 March 2025 Unrestricted Restricted Funds Funds 2025 2025 Total 2025 Total 2024 Note Fixed Assets Tangible Assets 258.892 258.892 259,066 Current Assets Debtors Cash At Bank And In Hand 9,513 1.433 9,513 1.433 9.513 1.029 10.946 10.946 10.542 Creditors - Amounts Falling Due Within One Year 25.863 25.863 18,762 Net Current Assets -14,917 -14.917 4220 Creditors - Amounts Falling Due After More Than One Year 15.747 16.479 16.479 Net Assets 228,228 228,228 234,367 Represented by: Restricted Funds Unrestricted Income Funds 228,228 228,228 234,367 Total Funds 228.228 228,228 234,367 The financial statements were approved by the Trustees tr Decemler 2025 signed on its behalf by: Name Sign Truste and Secretary And Name Member

WATCHMAN CATHOLIC CHARISMATIC RENEWAL MOVEMENT

Notes to the Financial Statements For the year ended 31 March 2025

1. Accounting Policies

The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16th July 2014, the Financial Reporting Standard for Smaller Entities (FRSSE), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)

The accounts have been prepared under the historical cost convention with items recognized at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts

Cashflow Statement

The Church has taken advantage of the exemption in Financial Reporting Standard No 1 from producing a cash flow statement on the grounds that it would be a small company under company law.

Tangible Fixed Assets

The church property is stated at depreciated cost. Depreciation is charged at a rate of 1% per annum. The property will be revalued on a five yearly basis. The next valuation will take place for the year ended 31 March 2025.

The cost of furniture, fittings and equipment is depreciated on a straight line basis over the effective useful life of the assets, at 18%.

Incoming Resources

Offerings and donations are accounted for in the period in which they are received. Grants and legacies are accounted for when their receipt is certain and can be properly quantified. Income from the recovery of tax on gift aided donations and investment income and other income is recognized in the period to which it relates.

Resources Expended

Expenditure is accounted for on an accruals basis and includes attributable VAT which cannot be recovered. Charitable activities comprise expenditure on the Church’s primary objectives as described in the report of the Trustees. Charitable activities include grants made to other organizations whose charitable objects compliment the work of the Church and are accounted for in the period they are made. Governance costs are the costs associated with the governance arrangements of the Church and include the cost of the annual independent examination, the expenses of trustee meetings and other expenditure on compliance with constitutional and statutory requirements.

Fund Accounting

Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects.

Restricted funds are those funds which have been received for particular purposes where the trustees must respect the wishes of the donors. There were no restricted funds in use during the year.

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WATCHMAN CATHOLIC CHARISMATIC RENEWALMOVEMENT Notes to the Financlal Statements For the year ended 31 March 2025 2. Incoming Resources from Generated Funds Unrestricted Funds 2025 Restricted Funds 2025 Total 2025 Total 2024 Voluntary Income Offerings & donations 215.887 215,887 196,389 Grants received 215.887 215,887 196,389 Activities for generating funds Rent Investment Income Bank interest Total Incoming resources from generated funds 215 887 215 887 196 389 3. Resources Expended- Charitable Activilies Unrestricted Restricted Funds Funds 2025 2025 Total 2025 Total 2024 Employee's cost Church life. outreach, provision of venues, facilrties, equipment Transport 30,040 30,040 28,388 190,922 190.922 145,473 Total resources expended - charitable activities 220,962 220,962 173.861 The average number of paid employees during the year was 2(2024: 2). 10

WATCHMAN CATHOLIC CHARISMATIC RENEWALMOVEMENT Notes to the Financlal Statements For the year ended 31 March 2025 4. Resources Expended - Governancecosts Unrestricted Restricted Funds Funds 2025 2025 Total 2025 Total 2024 Contributions to Regional Headquarters Independent Examination 1064 1064 945 1064 1064 945 11

WATCHMAN CATHOLIC CHARISMATIC RENEWALMOVEMENT Notes to the Financlal Statements For the year ended 31 March 2025 5. Tangible Fixed Assets Freehold land & Fixtures, frttings & buildings equipment Total Cost At 1 April 2024 Additions Disposals 280.000 4.646 284.646 At 31 March 2024 280.000 4.646 284,646 Depreciation At 1 April 2024 Charge For Year Disposals 21,900 3,680 174 25.580 174 At 31 March 2024 3854 Net Book Value At 31 March 2025 258,100 792 258,892 At 31 March 2024 258,100 966 259,066 All of the fixed assets are used for charrtable purposes. All properties are included at cost. Properties are revalued on a 5 yearly basis and the next valuation is due on 31 March 2025. The church's property is Watchman Catholic Charismats'c Renewal Movement, 168 Victoria Road, Aberdeen AB119NL. It is held in the name of the trustees. 6. Debtors 2025 2024 Prepayments Rent deposit Rent receivable Other 9.513 9,513 9.513 9,513 12

WATCHMAN CATHOLIC CHARISMATIC RENEWALMOVEMENT Notes to the Financlal Statements For the year ended 31 March 2025 7. Creditors - Amounts Falling Due Within Oneyear 2025 2024 Accruals PAYEINIIPension Loans from members Loan from Stewardship 1.604 24.798 1602 17.160 25.863 18.762 8. Creditors . Amounts Falling Due In More Than Oneyear Bank Loan: 15,747 16,479 T￿al 15,747 18.479 The loan with Slewardship is secured by a nK>rtgage on the freehold property of the church. Repayment is over 15 years commencing in February 2013. The amount represents the portion of the loan which is estimated to be repayable after more than one year. The amount which is payable wrthin one year is disclosed in note 7 above. Interest is charged at 5.50%. In normal financial conditions the rate is broadly linked to bank base rale. with periodic reviews. and is variable on one month's notice. 9. Related Party Transactio There were no related party transactions during the year. 13