PRAYER MISSION EUROPE
Holding regular christian meetings to promote the christian faith in the community
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with unrestricted reserves of £298, which is significantly below its stated policy target of three months of unrestricted expenditure. The filing notes that the organization is in a good position to manage its costs, despite reporting a net payment deficit of £3,566 for the year.
What the accounts disclose
“It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.” — page 4
Trustees
- CHUL OH SHIM
- Rev Neil Cook
- SANG BO LEE
- Yong Jun Choi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £45k | £49k |
| 31/12/2023 | £34k | £36k |
| 31/12/2022 | £9k | £15k |
| 31/12/2021 | £23k | £21k |
| 31/12/2020 | £16k | £7k |
Common questions
Is PRAYER MISSION EUROPE financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with unrestricted reserves of £298, which is significantly below its stated policy target of three months of unrestricted expenditure. The filing notes that the organization is in a good position to manage its costs, despite reporting a net payment deficit of £3,566 for the year. Its FY2024 accounts were independently examined.