24-7 PRAYER
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net incoming resource of £259,120 for the year ended 31 December 2024, with total unrestricted funds standing at £1,221,549. The trustees' report indicates that reserves are currently £81,278 above the stated policy target of approximately £560,000, representing three months of minimum expenditure. The auditors confirmed that there are no material uncertainties related to the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 3 months of the minimum level of resources expended, which equates to approximately £560,000 in general funds.” — page 24
“The company owns 100% of the issued share capital of one £1 ordinary share of 24-7 Prayer.Com Ltd a UK company. The company was incorporated on 4 December 2001 and has never traded.” — page 41
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Charles Paul Murray Douglas BAchair
- Brian Russell
- Dr Nomalungelo Nyathi
- Elisa Alberto
- Marius Lukas Frey
- Peter Greig
- Pui-Hung Cheong
- Scot James Bower
- Selina Hue Ying Lau
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.1m | £3.9m |
| 31/12/2023 | £2.6m | £2.4m |
| 31/03/2023 | £3.8m | £3.6m |
| 31/03/2022 | £2.2m | £2.0m |
| 31/03/2021 | £1.4m | £1.1m |
Common questions
Is 24-7 PRAYER financially healthy?
The accounts state that the charity reported a net incoming resource of £259,120 for the year ended 31 December 2024, with total unrestricted funds standing at £1,221,549. The trustees' report indicates that reserves are currently £81,278 above the stated policy target of approximately £560,000, representing three months of minimum expenditure. The auditors confirmed that there are no material uncertainties related to the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
Who funds 24-7 PRAYER?
Funders whose own accounts filings name 24-7 PRAYER as a grant recipient include THE COSTA FAMILY CHARITABLE TRUST, THE JERUSALEM TRUST, Stolkin Foundation, THE DEO GLORIA TRUST, JEREMY ALEXANDER SETTLEMENT.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE COSTA FAMILY CHARITABLE TRUST | FY2023 | £182k |
| THE JERUSALEM TRUST | FY2025 | £60k |
| Stolkin Foundation | FY2024 | £20k |
| THE DEO GLORIA TRUST | FY2023 | £10k |
| JEREMY ALEXANDER SETTLEMENT | FY2023 | £10k |
| Stolkin Foundation | FY2025 | £3k |
| THE COSTA FAMILY CHARITABLE TRUST | FY2022 | £2k |
| THE S M B TRUST | FY2025 | £2k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH AUGHTON, LANCASHIRE | FY2022 | £1k |
| ADORE CHURCH | FY2025 | £600 |
| ARIMATHEA CHARITABLE TRUST | FY2025 | £500 |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH AUGHTON, LANCASHIRE | FY2024 | £330 |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH AUGHTON, LANCASHIRE | FY2023 | £300 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHARITIES ADMINISTERED IN CONNECTION WITH THE UNAFFILIATED CONGREGATIONAL CHURCHES | 1 | £3k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, CLARENDON PARK, LEICESTER | 1 | £2k |
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