THE PRAYER FOUNDATION
Teaching and training
Objects
3. THE OBJECTS FOR WHICH THE COMPANY IS ESTABLISHED ARE THE ADVANCEMENT OF THE CHRISTIAN FAITH.
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.
What the accounts disclose
“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
“A company owned by a trustee, Mr J Anderson, provided webhosting services during the year amounting to £1,614 (2024 - £1,614).” — page 14
Policies the charity declares
- Risk management
Corporate structure
- Registered company of the charity Companies House 06269030
Company officers (Companies House)
- ANDERSON, Jamie Christopher on trustee list
- CHUA, Andrew Kwan Jen on trustee list
- SULLIVAN, Agnes Sheila, Dr not on trustee list
- WILLIAMS, Douglas Clarkson, Revd. on trustee list
Trustees
- AGNES SHEILA SULLVAN
- Andrew Kwan Jen Chua
- Jamie Anderson
- Rev DOUGLAS CLARKSON WILLIAMS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £6k | £223k |
| 31/12/2024 | £26k | £25k |
| 31/12/2023 | £60k | £30k |
| 31/12/2022 | £64k | £41k |
| 31/12/2021 | £93k | £72k |
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.