_**Scottish Charity No. 039093**_ ## **Precept Ministries Scotland** **Trustees' Report and Financial Statements** _**for the year ended 31 March 2026**_ 1 ## **Precept Ministries Scotland** ## **Contents of the Financial Statements** _**for the year ended 31 March 2026**_ |Report of the Trustees
Report of the Independent Examiner
Receipts and Payments Account
Statement of Balances
Notes to the Financial Statements|Page Number
3
13
15
16
17| |---|---| 2 **PRECEPT MINISTRIES SCOTLAND (Scottish Charity No SC039093** ) ## **REPORT OF THE TRUSTEES** _for the year ended 31 March 2026_ The Trustees are pleased to present their report together with the financial statements of the Charity for the financial year ended 31 March 2026. ## **Reference and administrative details:** Principal address: Bankers: 7 Westpark Gate Santander Saline 75 High Street Dunfermline Dunfermline KY12 9US KY12 7DL ## **Structure, Governance and Management** Precept Ministries Scotland is a charitable trust. Its charitable purposes and management arrangements are governed by a Trust Deed dated 23 October 2007 (amended 10 June 2010). It is a registered Scottish Charity (No SC039093). ## **Trustees** The Charity’s day to day management is overseen by the Trustees and Board meetings are conducted two to three times per year. The Trustees who served during the year were: Rev Michael Richard Healy Mr Alexander James Muirhead Mr Nigel John Iremonger Watts - Chair Mr Gordon James Leiper Mr Peter Robert Dale (stepped down this year) Mrs Ruth Elizabeth Dale (stepped down this year) Miss Janet Lanyon Goodall Trustees are appointed by a resolution of the current trustees passed at a special meeting called under clause K of the Deed of Trust. When selecting a new trustee, the trustees take into account the benefits of appointing a person who is able to make a contribution to the pursuit of the objects of the charity. Mr Nigel Watts is also the Chair of Precept UK, a separate Charity registered under the Chairty Commission for England and Wales, who are affiliated with Precept Scotland and is a board member of Precept Ireland. He ran the majority of the training events that occurred during the year, some with Mrs Helen Watts, the Precept UK Director. ## **Aims and affiliation** The aims of the Charity are to hold the Trust Fund and its income under trust and apply them for the advancement of the Christian religion in accordance with the provisions contained in the Deed of Trust. ## **Activities and achievements** The principal activity of the Chairty has remained the distribution of literature and learning materials produced by Precept International in Chattanooga USA, and the provision of training in the use of such materials, with the object of encouraging and equipping people to discover truth for themselves by engaging in daily, rigorous Bible study using the inductive Bible study methodology, either individually or, preferably, as a member of a Precept Bible study group. The Charity is non-denominational, and association is open to all people living in Scotland. 3 ## **APRIL - PRECEPT LEADER ACADEMY – IN&OUT NEHEMIAH** The tag line for the PLA is “ **Learn to Lead, Lead to Inspire** .” The goals of the PLA are: 1. To raise up competent Bible study leaders 2. To identify potential Precept Trainers 3. To equip people to study and lead each type of Precept study - _… in order for people to know God deeply and live differently_ ## The following countries were represented on this course: - We had attendees from the following countries: - USA - Scotland - Northern Ireland - Southern Ireland - England - Germany **Suzanne** from Scotland commented at the end of the course: “ _The lessons on leadership will be helpful to me in my work. I really appreciated the time and study._ _**Both my husband and I love the Precept studies and they have made a difference in my life.** The observation methods have been particularly useful as it helps slow down reading and really helps you understand what is actually been said. Thank you.”_ ## **MAY - PRECEPT BIBLE SCHOOL – ESTHER** We completed a 3-day Precept Bible School studying PUP Esther over the period 16-18 May 2025. The purpose of the PBS is 3-fold: - To be equipped to know God better - To be encouraged as we study with others - To be established in the Word of God When asked why they had come on the PBS these were some of the responses: **Jan** : “ _Investing this time to be fed from God's word and asking the Lord to speak to my heart. Looking forward so much to studying Esther_ .” **Maggie** : “ _I longed to know God more and I have found Inductive Bible Study the most amazing tool that has brought me deeper into a relationship with God and long to know him more. It is life transforming._ ” 4 **Maureen:** “ _To learn more about the Lord &_ _**to become more like Him** in every way possible. To “_ ” _be ready to be to be used by Him for such a time as this_ .” Jan commented at the end of the course: “ _It was a real blessing to invest three days in Esther. It was so challenging but also exciting to be reminded of how God is working out the details of our lives and if we are willing to obey his leading, He can use us in ways that we never imagined._ _**We can be that man or woman that God has prepared and has brought to the right place at the right time "for such a time as this**_ ". Maureen wrote: " _It was wonderful to spend 3 full days with other “hungry” Christ followers, studying the Book of Esther._ _All I can say is “Oh the depth of the riches” of His word, when I take time to study its pages in fine detail.”_ Maggie wrote: “ _I am so grateful and blessed in the way God has guided and led me to Precept Ministry, where I have found learning to study inductively takes me to desire to know and love Jesus more. I can truly say God has transformed my life and given me a deeper understanding and longing to abide in Him. Nothing else fills my heart more as when I spend time in His word and prayer. He gives us all we need to live in this world when we seek Him with all our hearts_ . " ## **DEATH OF PRECEPT’S FOUNDER MRS KAY ARTHUR** On 20 May 2025 our founder, Mrs Kay Arthur died. News of her death spread far and wide. Kay Arthur set up Precept with her husband Jack in 1970. Since then, the ministry has grown around the world to be in over 190 countries. We have hosted Kay on teaching tours to the UK over the years. Her memorial service was live-streamed and her son David spoke passionately about his mother’s life and legacy. Many will miss her insightful, brilliant teaching, her love of the Lord Jesus Christ, and her love for people of all ages and backgrounds. She truly was a servant of Christ, used mightily for His purposes and glory. 5 ## **JUNE - CANOPY CONFERENCE** Precept Scotland had been invited to the annual conference of the Baptist Union of Scotland, known as ‘Canopy’, for the first time. This year’s theme was ‘Confidence in Jesus’ and the principal speaker was Gavin Calver, CEO of the Evangelical Alliance. We were given an opportunity at the Conference to sell books, create awareness of the ministry in Scotland, and generally make new contacts. Photo: Michael Healy, Sandy Muirhead and Derek Hopper Manning the Precept stand at Canopy 2025 Sandy engaging with a delegate Michael engaging with a delegate This proved to be a very useful day. We were able to create awareness of Precept in Scotland, distribute informative leaflets and, as the occasion presented, ‘plug’ the Precept Bible School. ## **AUGUST - PRECEPT BIBLE WEEK AT THE GLO CENTRE, MOTHERWELL** Precept Scotland hosted a week’s Bible training at the GLO Centre in Motherwell from 11-15 August 2025. We studied the first 4 lessons of PUP 2 Peter, such a relevant study for today. 6 There were 13 people on the course, with one attending part-time. We had 5 people who travelled from the Isle of Lewis including one 18-year -old – Photo to R One lady travelled from St Andrews, a 2-hour drive away, while the others lived within an hour From L to R, back to front: Tom, Ron, Shubhro, Elisabeth, Susie, Iona, Linda, Nigel Mary, Marion, Maggie, June and Anne **Shubhro** commented “ _A very important work is being done by Precept to bring the gospel and the Word of God to people._ _It is vital for the nations that lives are built on the rock of the Word of God. May God bless this work and we be blessed by it.”_ **Marion** said of the course: “ _I have so enjoyed studying with this group. In the words of Peter we do well to pay attention to the prophetic words as a lamp shining in a dark place. Thank you Father that your words help us grow in grace and knowledge of our Lord and Saviour Jesus Christ_ .” **Iona** emailed: “ _A brilliant study on 2 Peter. I’ve learnt so much during this week. The teaching was excellent._ _It would be nice to see more young people studying God’s Word in this way too_ .” This was an excellent week of inductive study. The five people from the Isle of Lewis will continue to study, using NISS 1 and 2 Thessalonians. One lady will continue to disciple others one on one. 7 Others will also continue in their studies. Iona wants other young people to join in future studies which was particularly encouraging. ## **SHETLAND ISLANDS** Reverend Pete Dale and his wife Ruth invited us to come to the Shetland Islands a month before they were to leave to pastor a church in Spain. Ruth has led Precept groups there for 7 years and completed 29 books of the Bible. Pete and Ruth were keen to raise other leaders in Shetland to take on the Precept groups when they leave. We were able to encourage those new to Precept to join the existing group and talk with a couple of leaders about starting a separate Precept group for newcomers. Pete and Ruth will be missed greatly once they leave. Leaders raised up by Pete and Ruth in Shetland 8 ## **GLO CONFERENCE – YOUTH STUDYING PRECEPT** GLO Europe’s annual conference took place in Motherwell recently with 130 missionaries. While the adults were in their seminars, youth from Italy, Croatia, France, Spain and UK used our Precept Lightning studies to study the Bible. They absolutely loved doing the marking and seeing how God's Word came alive. It was a joy to be able to support the next generation with our free-todownload studies. ## **SEPTEMBER** Over the first couple of weeks of September Precept was busy in many different parts of Scotland, from as far afield as the Isle of Lewis in the west to St Andrews in the east. The Lord opened a door for Precept on the Isle of Lewis. This is the third time that Precept Scotland has visited the island to do teaching. We spent time over 3 days working through 1 Thessalonians. ## **STORNOWAY, ISLE OF LEWIS** From L to R: Freddie, Iona, Gary, Elisabeth, Tom, Shubhro, Sandra, Isla, Bethany, Susie Keen Precept Bible students of all ages on the Isle of Lewis, studying NISS 1 Thessalonians 9 ## **FROM UDDINGSTON TO ST ANDREWS** From the Isle of Lewis, we met to pray for Precept in Scotland at Maggie Adamson’s house with 2 of her 3 sisters (photo top left)! From there we travelled to St Andrews to start a new study on 1 Thessalonians, with Maggie’s other sister Marion! ## **TIDELINE CONFERENCE, KILMARNOCK** Precept Scotland had an exhibition stand at The Tideline, ‘Word and Spirit’ conference in Kilmarnock, where Tommy and Donna MacNeil from Martins Memorial in Stornoway spoke. ## **OCTOBER - PRECEPT BIBLE SCHOOL - 1 THESSALONIANS** We met online for 4 days from 17-20 October 2025 with 6 people from across the UK, two from Scotland, one from the Philippines and one from the USA to study PUP 1 Thessalonians. **Ruth** joined from Scotland “ _To enjoy everyone's company and study a new book_ . _I’m addicted to learning how to lead and love the opportunity to be the student rather than the leader or teacher.”_ **Maureen** commented _: “It has reinforced the huge advantages of spending four days, studying the Word of God, with other hungry students. We were blessed beyond words. It has given me the desire to attend as many PBS as possible, to spread the word & to invite others to join too. I would encourage every Precept PUP student to join a PBS as there is so much to gain from four uninterrupted days of study with experienced leaders._ 10 ## **NOVEMBER – EUROPEAN DIRECTOR’S MEETING** We were invited to attend a European directors meeting in Warsaw, Poland from 3-7 November 2025. We discussed the Precept Leader Academy programme and how effective it has been and where improvements can be made. The PLA trains leaders in the different Precept study materials. ## **FEBRUARY - PRECEPT BIBLE SCHOOL – GENESIS PART 1** For the first of our Precept Bible Schools in 2026, we met on Zoom for 4 days working through PUP Genesis Part 1 with folks from across the UK. Throughout the 4-day course, we walked slowly through the PUP, discussing the Word as we went. It was a precious time of sharing, discussing and learning for all of us. The Holy Spirit brought new insights to all of us as we slowed down to really observe what was written. **Ruth** from Scotland said on finishing the course: “ _Thanks so much for another great Bible school. My behaviour was challenged by listening to what others said, e.g. designating one day a week as a day of rest; being more radical in how my time is being used. It was encouraging to spend time with everyone_ .” ## **PLANS FOR NEXT YEAR** We have plans to host a seminar at the Canopy Baptist Union Conference in June, run a Precept Bible week at the GLO Centre in July, train a new church in inductive study also in July and revisit the Isle of Lewis in August. It seems there may also be an opportunity to partner in some way with Scripture Union in Scotland. ## **KEY STATISTICS** ||**2025/6**|**_2024/5_**| |---|---|---| |Total number of goods sold (books)*|617|_665_| |Income from sales**|£5,341|_£5,261_| |Value of stock held|£17,370|_£16,820_| |Total cash funds at the end of the year|£11,756|_£15,938_| _***** The Charity sells religious books in furtherance of its aims and objectives, but other items are also sold alongside this (e.g. CDs, DVDs, MP3’s, pens, timelines) which are not included in the numbers in the table above._ _** Includes sales of religious books, all non-book items and income from Bible study training events held where the customer has paid to attend the training._ 11 ## **RESULTS FOR THE YEAR** As a result of a deficit for the financial year to 31 March 2026 of £4,172 _(2024/25 deficit £1,066)_ , the Charity held unrestricted General Funds (cash) amounting to £11,756 _(2024/25 £15,938)_ at the financial year end. The Trustees are satisfied with the level of reserves retained by the Charity. Signed on behalf of the Trustees: ## **N J I Watts** Trustee Dated: ……………………… 2026 12 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees** Charity Name Precept Ministries Scotland **On accounts for the year** 31/03/2026 **Charity no** SC039093 **ended (if any) Set out on pages** 1-2 I report on the accounts of the charity for the year ended 31 March 2026 which are set out on pages 1 to 2. **Respective** The charity’s trustees are responsible for the preparation of the accounts in **responsibilities of** accordance with the terms of the Charities and Trustee Investment **trustees and examiner** (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations **and basis of** 2006 (as amended). The charity trustees consider that the audit requirement **independent examiner’s** of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not **statement** 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. My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 consequently 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: - to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations - to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **----- Start of picture text -----**
Date: 18/05/2026
Signed:
Name: Adeel Sahi
**----- End of picture text -----**
1 **Relevant professional qualification(s) or body (if any):** ACCA **Address:** Bowdon Accounting Services Ltd Bartle House, Oxford Court, Manchester M2 3WQ ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern. **Give here brief details of** None **any items that the examiner wishes to disclose** . 2 APPENDIX 2 **SC039093** ## **PRECEPT MINISTRIES SCOTLAND** ||**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||**For the period**
**from**||Period|||start date||||Period e||||nd date|||| ||||Day|Mon||th|Year|**to**||Day||Mon||th|Year||| ||||1st|April|||2025|||31st||March|||2026||| ||||||||||||||||||| |**Section A - Statement of receipts and**|||**payments**||||||||||||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to nearest £**
**7,610**
**-**
**-**
**-**
**5,208**
**109**
**-**
**900**
**-**

**13,827**
**-**
**-**

**-**||**Restricted**
**funds**
**to nearest £**
**-**
**-**|||**Expendable**
**endowment**
**funds**
**to nearest £**
**-**
**-**||||**Permanent**
**endowment**
**funds**
**to nearest £**
**-**
**-**||||**Total funds**
**current period**
**to nearest £**
**7,610**
**-**
**-**
**-**
**5,208**
**109**
**-**
**900**
**-**
**13,827**
**-**
**-**
**-**|||**Total funds last**
**period**
**to nearest £**| |Donations|**7,610**||||||||||||||||**9,017**| |Legacies|**-**||||||||||||||||**-**| |Grants|**-**||||||||||||||||**-**| |Receipts from fundraising activities|**-**||||||||||||||||**-**| |Gross trading receipts|**5,208**||||||||||||||||**5,261**| |Income from investments other than
land and buildings|**109**||||||||||||||||**124**| |Rents from land & buildings|**-**||||||||||||||||**-**| |Gross receipts from other charitable
activities|**900**||||||||||||||||**811**| |Rounding Adjustment|**-**||||||||||||||||**-**| |**_A1 Sub total_**|
**13,827**||||||||||||||||**15,213**| |**A2 Receipts from asset &**
**investment sales**|||||||||||||||||| |Proceeds from sale of fixed assets|**-**||||||||||||||||**-**| |Proceeds from sale of investments|**-**||||||||||||||||**-**| |**_A2 Sub total_**|
**-**||||||||||||||||**-**| |**_Total receipts_**
**A3 Payments**|||||||||||||||||| ||**13,827**||**-**|||**-**||||**-**||||**13,827**|||**15,213**| ||**-**
**1,347**
**-**

**16,451**
**-**
**-**
**200**
**-**
**-**
**1**
**17,999**
**-**
**-**
**-**||**-**
**-**|||**-**
**-**||||**-**
**-**||||**-**
**1,347**
**-**
**16,451**
**-**
**-**
**200**
**-**
**-**
**1**
**17,999**
**-**
**-**
**-**|||| |Expenses for fundraising activities|**-**||||||||||||||||**-**| |Gross trading payments|**1,347**||||||||||||||||**2,328**| |Investment management costs|**-**||||||||||||||||**-**| |Payments relating directly to charitable
activities|
**16,451**||||||||||||||||**13,014**| |Grants and donations|**-**||||||||||||||||**-**| |Governance costs:|**-**||||||||||||||||**-**| |Audit / independent examination|**200**||||||||||||||||**792**| |Preparation of annual accounts|**-**||||||||||||||||**-**| |Legal costs|**-**||||||||||||||||**-**| |Other (rounding adjustment)|**1**||||||||||||||||**-**| |**_A3 Sub total_**|**17,999**||||||||||||||||**16,134**| |**A4 Payments relating to asset and**
**investment movements**|||||||||||||||||| |Purchases of fixed assets|**-**||||||||||||||||**145**| |Purchase of investments|**-**||||||||||||||||| |**_A4 Sub total_**|**-**||||||||||||||||**145**| |**_Total payments_**
**_Net receipts / (payments)_**
**A5 Transfers to / (from) funds**
**_Surplus / (deficit) for year_**|||||||||||||||||| ||**17,999**||**-**|||**-**||||**-**||||**17,999**|||**16,279**| ||||||||||||||||||| ||**4,172)**
**(**||**-**|||**-**||||**-**||||**4,172)**
**(**|||**1,066)**
**(**| ||||||||||||||||||| ||**-**|||||||||||||**-**|||| ||||||||||||||||||| ||**4,172)**
**(**||**-**|||**-**||||**-**||||**4,172)**
**(**|||**1,066)**
**(**| 15 APPENDIX 2 **SC039093** ## **PRECEPT MINISTRIES SCOTLAND** ## **Section B Statement of balances** |**Categories**
**B2 Investments**
**B3 Other assets**
**B4 Liabilities**
**B5 Contingent liabilities**
**B1 Cash funds**
**Signed by one or two**
**trustees on behalf of all**
**the trustees**|Computer Equipment (PC)
Fixtures & Fittings
**Cash and bank balances at end of**
**year**
(Agree balances with receipts and payments
account(s))
Cash and bank balances at start of
year
**Details**
Savings Bank Account
**Details**
Office Equipment (POS/Phone)
**Details**
**Details**
**Signature***
None
None
**Details**
Surplus / (deficit) shown on receipts
andpayments account|**Unrestricted**
**funds**
**to nearest £**
**15,938**
**4,172)**
**(**
**11,766**
-|**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**

-
**Fund to which**|**Expendable**
**endowment**
**funds**
**to nearest £**
**-**
**-**
**-**

-
**Fund to which**|**Expendable**
**endowment**
**funds**
**to nearest £**
**-**
**-**
**-**

-
**Fund to which**|**Total current**
**period**
**to nearest £**
**15,938**
**4,172)**
**(**
**11,766**

-
**Market valuation**
**to nearest £**
**9,101**
**9,101**
**Current value (if**
**available)**
**to nearest £**
**-**
**-**
**-**
**-**
**Amount due**
**to nearest £**
**-**
**Amount due**
**(estimate)**
**to nearest £**
**-**|**Total last**
**period**
**to nearest £**| |---|---|---|---|---|---|---|---| ||||||||**17,004**| ||||||||**1,066)**
**(**| ||||||||**15,938**| ||||||||
-| ||||||||**Last year**
**to nearest £**| |||||Unrestricted|||**10,993**| ||||||||**10,993**| ||||||||**Last year**
**to nearest £**| ||||Unrestricted / General Fund||||**2,923**| ||||Unrestricted / General Fund||||**1,311**| ||||Unrestricted / General Fund||||**1,524**| ||||||||**5,758**| ||||||||**Last year**
**to nearest £**| ||||||||| ||||||||**-**| ||||||||**Last year**
**to nearest £**| ||||||||| ||||||||**-**| ||||||||**Date of**
**approval**| ||**NJI Watts**||Nigel John Iremonger Watts (Chair)||||19/05/2026| ||||||||| 16 2025-26 OSCR RP Submission / Statement of balances December 2007 APPENDIX 2 **SC039093** ## **PRECEPT MINISTRIES SCOTLAND** ## **Section C Notes to the Accounts** **C1 Nature and purpose of** Precept Ministries Scotland is a charitable trust. Its charitable purposes and management arrangements are **funds** _(may be stated on analysis_ governed by a Trust Deed dated 23 October 2007 (amended 10 June 2010). _of funds worksheets)_ The aims of the Charity are to hold the Trust Fund and its income under trust and apply them for the advancement of the Christian religion in accordance with the provisions contained in the Deed of Trust. The principal activity of the Charity is the distribution of literature and learning materials produced by Precept International in Chattannooga USA, and the provision of training in the use of such materials, with the object of encouraging and equipping people to discover truth for themselves by engaging in daily, rigorous Bible study using the inductive Bible study methodology, either individually or, preferably, as a member of a Precept Bible study group. The Charity is non-denominational, and association is open to all people living in Scotland. |**C2 Grants**
**C3a Trustee remuneration**
**C4a Trustee expenses**
**C6 Other information**
**C5 Transactions with trustees**
**and connected persons**
**C3b Trustee remuneration -**
**details**
**C4b Trustee expenses - details**|**Type of activity or project supported**
Not applica\ble|**Individual /**
**institution**|**Number of grants**
**made**
**£**|**Number of grants**
**made**
**£**| |---|---|---|---|---| |||||| ||||**Total**|**-**| |||||| ||If no remuneration was paid during the period to any charity trustee or person connected to
a trustee cross this box (otherwise complete section 3b)|||x| ||**Authority under which paid**|||**£**| ||Not applicable|||| |||||| |||||| ||If no expenses were paid to any Charity Trustee during the period then cros
(otherwise complete section 4b)||s this box|| ||Precept W Europe Directors Conference Poland, travel/accommodation
Travel & car rental
**Nature of relationship**
**Nature of transaction**
Not applicable||**Number of**
**trustees**|**£**| ||Travel & car rental||2|321| ||Precept W Europe Directors Conference Poland, travel/accommodation||1|1,449| ||**Nature of relationship**
Not applicable||**Transaction**
**amount (£)**|**Balance**
**outstanding at**
**period end (£)**| |||||| |||||| |||||| |||||| ||Mr Nigel Watts is the Chair of Trustees for Precept Scotland and is also a volunteer Precept UK National
Director and Chair of Trustees for Precept Ireland Ltd.
During the Financial Year 1 Apr 2025 to 31 Mar 2026 (FY25/26), Mr Nigel Watts was acting on behalf of
Precept International (PInt) based in Chattanooga Tennessee USA. Under his remit, he has responsibility
and oversight for all three Precept offices on behalf of Precept International (PInt).
As part of his duties Mr Nigel Watts was allocated a Budget by PInt in the furtherance of their Vision and
Objectives (which are also shared by Precept Scotland, Precept UK and Precept Ireland Ltd). Expenditure
on behalf of Mr Watts' various activities was paid for by Precept Scotland. Full refunds of all costs incurred
were made by PInt and were supported by clear audit trails of costs incurred. A total of £1,449 was refunded
by PInt, the income being under 'US Contributions'.|||| 17 2025-26 OSCR RP Submission / Notes December 2007 APPENDIX 2 **PRECEPT MINISTRIES SCOTLAND** **SC039093** ## **Additional analysis (1)** ## **Analysis of receipts and payments** ## **1 Donations** |**Unrestricted**
**funds**
**to nearest £**
Donations
**2,097**
Donations from Precept America
**5,143**
Gift Aid
**370**
**Total**
**7,610**
**-**
**Unrestricted**
**funds**
**to nearest £**
Not applicable
**Total**
**-**
**-**
**Unrestricted**
**funds**
**to nearest £**
Sales of Products
**38**
Services
**862**
Uncategorised Income
**-**
**Total**
**900**
-
**3 Gross receipts from other charitable activities**
**2 Grants**|**Restricted funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**Restricted funds**
**to nearest £**
**-**
**-**
**Restricted funds**
**to nearest £**
**-**
**-**
**-**
**-**
-|**Expendable**
**endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**Expendable**
**endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
-|**Permanent**
**endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**Permanent**
**endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
-|**Total current**
**period**
**to nearest £**
**2,097**
**5,143**
**370**
**7,610**
**-**
**Total current**
**period**
**to nearest £**
**-**
**-**
**-**
**Total current**
**period**
**to nearest £**
**38**
**862**
**-**
**900**
-|**Total last**
**period**
**to nearest £**| |---|---|---|---|---|---| ||||||**2,218**| ||||||**6,553**| ||||||**246**| ||||||**9,017**| ||||||**-**
**Total last**
**period**
**to nearest £**| ||||||| ||||||**-**| ||||||**-**
**Total last**
**period**
**to nearest £**| ||||||**148**| ||||||**623**| ||||||**40**| ||||||**811**| ||||||-| ## **4 Payments relating directly to charitable activities** |Finance fees
Trainingcosts
Staff costs / Payroll
Software / IT expenses
Travel & Subsistence
Office costs
Miscellaneous
**Total**|**Unrestricted**
**funds**
**to nearest £**
**103**
**2,721**
**8,778**
**648**
**1,810**
**980**
**1,411**
**16,451**
-|**Restricted funds**
**to nearest £**
**-**
-|**Expendable**
**endowment**
**funds**
**to nearest £**
**-**
-|**Permanent**
**endowment**
**funds**
**to nearest £**
**-**
-|**Total current**
**period**
**to nearest £**
**103**
**2,721**
**8,778**
**648**
**1,810**
**980**
**1,411**
**16,451**
-|**Total last**
**period**
**to nearest £**| |---|---|---|---|---|---|---| |||||||**72**| |||||||**3,307**| |||||||**8,057**| |||||||**678**| |||||||**153**| |||||||**666**| |||||||**81**| |||||||**13,014**| |||||||-| 18 2025-26 OSCR RP SubmissionAdditional notes (1) December 2007 APPENDIX 2 **SC039093** ## **PRECEPT MINISTRIES SCOTLAND** ## **Additional analysis (2)** ## **5 Breakdown of unrestricted funds** |**Receipts**
Donations
Legacies
Grants
Receipts from fundraisingactivities
Gross tradingreceipts
Income from investments other than land and buildings
Rents from land & buildings
Gross receipts from other charitable activities
**_Sub total_**
**Receipts from asset & investment sales**
Proceeds from sale of fixed assets
Proceeds from sale of investments
**_Sub total_**
**_Total receipts_**
**Payments**
Expenses for fundraisingactivities
Gross trading payments
Investment management costs
Payments relatingdirectlyto charitable activities
Grants and donations
Governance costs:
Audit / independent examination
Preparation of annual accounts
Legal costs
Other(roundingadjustment)
**_Sub total_**
**Payments relating to asset and investment**
**movements**
Purchases of fixed assets
Purchase of investments
**_Sub total_**
**_Total payments_**
**_Net receipts / (payments)_**
**Transfers to / (from) funds**
**_Surplus / (deficit) for year_**
**Nature andpurpose of funds**|**Unrestricted**
**fund 1 - enter**
**name of fund**
**below**
**General**
**7,610**
**-**
**-**
**-**
**5,208**
**109**
**900**
**13,827**
**-**
**-**
**-**|**Unrestricted**
**fund 1 - enter**
**name of fund**
**below**
**General**
**7,610**
**-**
**-**
**-**
**5,208**
**109**
**900**
**13,827**
**-**
**-**
**-**|**Unrestricted**
**fund 2 - enter**
**name of fund**
**below**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Unrestricted**
**fund 2 - enter**
**name of fund**
**below**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Unrestricted**
**fund 3 - enter**
**name of fund**
**below**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Unrestricted**
**fund 3 - enter**
**name of fund**
**below**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Unrestricted**
**fund 4 - enter**
**name of fund**
**below**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Unrestricted**
**fund 4 - enter**
**name of fund**
**below**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**unrestricted**
**funds**
**7,610**
**-**
**-**
**-**
**5,208**
**109**
**-**
**900**
**13,827**
-
**-**
**-**
**-**|**Total**
**unrestricted**
**funds**
**7,610**
**-**
**-**
**-**
**5,208**
**109**
**-**
**900**
**13,827**
-
**-**
**-**
**-**|**Total**
**unrestricted**
**funds last**
**period**| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||**9,017**| ||||||||||||**-**| ||||||||||||**-**| ||||||||||||**-**| ||||||||||||**5,261**| ||||||||||||**124**| ||||||||||||**-**| ||||||||||||**811**| ||||||||||||**15,213**| ||||||||||||| ||||||||||||**-**| ||||||||||||**-**| ||||||||||||**-**| ||||||||||||| ||**13,827**||**-**||**-**||**-**||**13,827**||**15,213**| ||**-**
**1,347**
**-**
**16,451**
**-**
**-**
**200**
**-**
**-**
**1**
**17,999**
**-**
**-**
**-**||**-**
**-**
**-**
**-**
**-**
**-**||**-**
**-**
**-**
**-**
**-**
**-**||**-**
**-**
**-**
**-**
**-**
**-**||-
**-**
**1,347**
**-**
**16,451**
**-**
**-**
**200**
**-**
**-**
**1**
**17,999**
-
**-**
**-**
**-**
-||| ||||||||||||**-**| ||||||||||||**2,328**| ||||||||||||| ||||||||||||**13,014**| ||||||||||||| ||||||||||||| ||||||||||||**792**| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||**16,134**| ||||||||||||| ||||||||||||**145**| ||||||||||||**-**| ||||||||||||**145**| ||||||||||||| ||**17,999**||**-**||**-**||**-**||**17,999**||**16,279**| ||||||||||-||| ||**4,172)**
**(**||**-**||**-**||**-**||**4,172)**
**(**||**-**
**1,066**| ||||||||||||| ||**-**||**-**||**-**||**-**||**-**||**-**| ||||||||||||| ||**4,172)**
**(**||**-**||**-**||**-**||**4,172)**
**(**||**-**
**1,066**| ||||||||||-||| |There are no Restricted Funds|||||||||||| 19 2025-26 OSCR RP SubmissionAdditional notes (2) December 2007 APPENDIX 2 **SC039093** ## **PRECEPT MINISTRIES SCOTLAND** ## **Additional analysis (3)** **6 Breakdown of restricted funds - Not applicable** |**Receipts**
Donations
Legacies
Grants
Receipts from fundraisingactivities
Gross tradingreceipts
Income from investments other than land and
buildings
Rents from land & buildings
Gross receipts from other charitable activities
**_Sub total_**
**Receipts from asset & investment sales**
Proceeds from sale of fixed assets
Proceeds from sale of investments
**_Sub total_**
**_Total receipts_**
**Payments**
Expenses for fundraising activities
Gross tradingpayments
Investment management costs
Payments relating directly to charitable activities
Grants and donations
Governance costs:
Audit / independent examination
Preparation of annual accounts
Legal costs
**_Sub total_**
**Payments relating to asset and investment**
**movements**
Purchases of fixed assets
Purchase of investments
**_Sub total_**
**_Total payments_**
**_Net receipts / (payments)_**
**Transfers to / (from) funds**
**_Surplus / (deficit) for year_**
**Nature andpurpose of funds**|**Restricted fund**
**1 - enter name of**
**fund below**
**-**
**-**|**Restricted fund**
**1 - enter name of**
**fund below**
**-**
**-**|**Restricted fund**
**2 - enter name of**
**fund below**
**-**
**-**|**Restricted fund**
**2 - enter name of**
**fund below**
**-**
**-**|**Restricted fund**
**3 - enter name of**
**fund below**
**-**
**-**|**Restricted fund**
**3 - enter name of**
**fund below**
**-**
**-**|**Restricted fund**
**4 - enter name of**
**fund below**
**-**
**-**|**Restricted fund**
**4 - enter name of**
**fund below**
**-**
**-**|**Total restricted**
**funds**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
-
**-**
**-**
**-**|**Total restricted**
**funds**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
-
**-**
**-**
**-**|**Total restricted**
**funds last**
**period**| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||**-**| ||||||||||||| ||||||||||**-**||| ||||||||||**-**||| ||**-**||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**||**-**| ||**-**
**-**||**-**
**-**||**-**
**-**||**-**
**-**||-
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
-
**-**
**-**
**-**
-||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||**-**| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||**-**| ||||||||||||| ||**-**||**-**||**-**||**-**||**-**||**-**| ||||||||||-||| ||**-**||**-**||**-**||**-**||**-**||**-**| ||||||||||||| ||||||||||**-**||| ||||||||||||| ||**-**||**-**||**-**||**-**||**-**||**-**| ||||||||||-||| |There are no Restricted Funds|||||||||||| 20 2025-26 OSCR RP SubmissionAdditional notes (3) December 2007