Charity Accounts Intelreading the accounts so you don’t have to

THE PRAYER FOUNDATION

Registered charity 1123018 · accounts filings on the Charity Commission register

Teaching and training

Causes: Education/training · Religious Activities · website · Get email alerts

Latest income
£26k
Latest spending
£25k
Registered
2008
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £218,493, which is above the charity's stated policy of maintaining no reserves. The charity reports a net income surplus of £1,471 for the year and confirms adequate resources to continue as a going concern, despite having significant current liabilities of £123,053.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: no reserves should be maintained (held: £218k)
“The Trustees have determined that, in line with their belief that God provides for the work to which He calls His people, no reserves should be maintained for the work of the charity.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: A company owned by a trustee, Mr J Anderson, provided webhosting services during the year amounting to £1,614.
“A company owned by a trustee, Mr J Anderson, provided webhosting services during the year amounting to £1,614 (2024 - £1,614).” — page 14
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£26k£25k
31/12/2023£60k£30k
31/12/2022£64k£41k
31/12/2021£93k£72k
31/12/2020£126k£92k

Common questions

Is THE PRAYER FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £218,493, which is above the charity's stated policy of maintaining no reserves. The charity reports a net income surplus of £1,471 for the year and confirms adequate resources to continue as a going concern, despite having significant current liabilities of £123,053. Its FY2024 accounts were independently examined.