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2022-03-31-accounts

Trustees’ Report and Financial Statements For the year ended 31[st] March 2022

24-7 PRAYER | Charity Registration No. 1091413 Company Registration No. 04176643 (England and Wales) 2022

24-7 Prayer Trustees’ Report And Financial Statements

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Contents of the Report and Financial Statements

for the year ended 31st March 2022

Report of the Trustees 3
Our Vision 3
Principal Activities 4
Review of the Year’s Activities 5
Operational Support 10
Factors Afecting Our Achievements 10
**Financial Statements ** 11
Financial Review 12
Financial Position 12
Reserves 12
Structure, Governance And Management 13
Statement of Trustees’ Responsibilities 14
Independent Auditors’ Report to the Trustees of 24-7 Prayer 15
Statement of Financial Activities 19
Balance Sheet 20
Statement of Cash Flows 21
Notes to the Financial Statements 22
1) General Information 22
2) Accounting Policies 22
3) Donations And Similar Income 24
4) Income From Charitable Activities 25
5) Expenditure – Raising Funds 25
6) Expenditure - Charitable Activities 25
7) Employee Costs 26
8) Investments 26
9) Analysis Of Movement Of Fixed Assets 27
10) Stocks 27
11) Debtors 27
12) Creditors: Amounts Falling Due Within One Year 28
13) Creditors: Amounts Falling Due After More Than One Year 28
14) Deferred Income 28
15) Operating Lease Commitments 28
16) Funds Movement 29
17) Analysis Of Net Assets Between Funds 32
18) Related Party Transactions 32
19) Reconciliation Of Net Income / (Expenditure) To Net Cash Flow From Operating Activities 33
20) Comparative Statement Of Financial Activities 33

24-7 Prayer Trustees’ Report And Financial Statements

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Charity Information

for the year ended 31st March 2022

Trustees

Executive Team

E Alberto S Bower (Joined 19/11/21) P Cheong C Douglas (Chairman appointed 06/09/22) A Eagleson (Chairman resigned 06/09/22) M Frey P Greig T Jupp (Resigned 24/03/22) C Kuchanny L Nyathi

M Andrea ( CEO resigned 14/04/22) B Heasley (Interim CEO from November) J Clifford R Ellis K Grafham P Greig S Greig C Harding J Weber

Registered Office

24-7 Prayer The Lighthouse 8-10 High Street Woking, Surrey GU21 6BG

Charity Number

1091413

Company Number

04176643 (England & Wales)

Working Names

24-7 Prayer also operates under the names 24-7 Academy, Lectio 365, Living Generously, Order of the Mustard Seed and Prayer Spaces in Schools

Auditors

Bankers

Moore Kingston Smith LLP Orbital House 20 Eastern Road Romford, Essex RM1 3PJ

Barclays Bank plc East Street Chichester, West Sussex PO19 1HT

24-7 Prayer Trustees’ Report And Financial Statements

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Report of the Trustees

for the year ended 31[st] March 2022

The trustees, who are also directors of the charity for the purposes of the Companies Act, present their report together with the audited fi nancial statements, for the year ended 31st March 2022. They are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

24-7 Prayer is an international, interdenominational, Christian movement that changes lives.

We exist to ‘reconcile the world to God through Jesus Christ.’ (2 Corinthians 5:19).

We pray and work for reconciliation at three levels:

24-7 Prayer Trustees’ Report And Financial Statements

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Principal Activities

24-7 Prayer exists for the advancement of the

Christian faith in the United Kingdom and overseas, particularly within youth culture. Its focus is on combining spiritual formation with social transformation and the principal activities are:

The 24-7 Prayer meeting has continued non-stop since 1999 and has given rise to a family of exciting new communities and ministries, all committed to equipping the church to change the world through radical prayer, mission and justice.

The 24-7 movement began in 1999 when a group of young people in Chichester, England decided to see what would happen if they prayed non-stop for a month. After three months of continual prayer the reports of answered prayer began to spread. The idea caught on and that fi rst unsuspecting 24-7 Prayer Room began spontaneously self-seeding all over the world.

24-7 Prayer Rooms are a proven model that can work in almost any context and they continue to spring up in all kinds of unlikely places. Countless people meet God in a new way, experience prayer as a lifechanging experience, and fi nd a new focus on mission and justice.

In planning our activities for the year, the Trustees kept in mind the Charity Commission’s guidance on public benefi t, and in particular, the specifi c guidance on charities for the advancement of religion.

24-7 Prayer welcomes all people to take part in the wider 24-7 Prayer network, regardless of personal background, faith, gender or personal circumstances, and we believe this philosophy of openness to all enriches everyone through the sharing of skills, aptitudes and life experiences.

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Review of the year’s activities

2022

During the fi nancial year 2021-22, 24-7 Prayer continued to fulfi l its basic objectives of catalysing, connecting and resourcing prayer, mobilising mission and justice initiatives, inspiring and enabling Prayer Spaces in Schools, the planting of missional communities and training young leaders. As the UK eased Coronavirus restrictions, we were also able to launch in-person events to train leaders and equip people to pray.

We continue to be supported by a wide range of individual donors, churches and trusts, and these have all helped to signifi cantly develop 24-7 Prayer this year. We launched a fundraising appeal with a target of £30,000, and in April 2021 this goal was exceeded and £64,000 was given. Throughout the charity, we’re enhanced by the work of volunteers who desire to further our work.

24-7 Prayer fundraises through existing users of our resources and those who support our charitable aims and objectives. 24-7 Prayer is registered with the Fundraising Regulator.

24-7 Prayer Trustees’ Report And Financial Statements

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Prioritising Prayer

Our Achievements

24-7 Prayer is equipping thousands of people to pray, and to live out their prayers in ways that change the world.

Over the last 12 months, we have made a signifi cant eff ort to expand our target audience to include families and young people. Lectio for Families was launched to encourage families to pause and pray together, and How to Pray , written by 24-7 Prayer founder, Pete Greig, was adapted for 7- to 11-yearolds and released as How to Pray: A Guide for Young Explorers . To further increase and develop our work with young people, we recruited a Youth Director in October 2021. The fi rst youth prayer event took place in Manchester with 350 young people attending and nearly 100 young people making commitments to follow Jesus.

Our commitment to future generations was also strengthened by the Prayer Spaces in Schools team, with 129 Prayer Spaces and 24,000 downloads of prayer activities. The Prayer Spaces in Schools website and social media presence was also rebranded and developed to connect with more young people.

Over the last year, we also continued to develop resources to help people to pray. International Prayer Director Brian Heasley released his book, Be Still: A Simple Guide to Quiet Times and this was also accompanied by a video series. This new small group resource is designed to help communities and individuals go deeper and has had over 13,000 views. We also continued to expand our Lectio 365 resources, introducing Night Prayers to go alongside Morning Prayers, and producing a special Thy Kingdom Come series, featuring the Archbishop of Canterbury. In March 2022, Pete Greig released a new book, How to Hear God, which we plan to share and promote further in the next fi nancial year.

The number of 24-7 Prayer Communities has also grown, with fi ve joining at the last Gathering. The Process of Embrace, the year-long discernment process which allows a Prayer Community to decide if they want to join 24-7 Prayer, was signifi cantly upgraded, and now includes video resources.

The Order of the Mustard Seed (OMS) now has 333 members and 148 in the year of preparation. Essential resource books such as Punk Monk , The Vision and the Vow and Lord of the Ring have also been republished.

We continue to support national teams all over the world. Over the last year, we have launched and

24-7 Prayer Trustees’ Report And Financial Statements

developed our presence in Australia, Germany, Sweden and Lebanon. There has also been ongoing development of 24-7 Prayer’s work in Spanish, with 24-7 Prayer’s website being developed in Spanish, launching 24-7 Prayer in Peru, a Colombian Prayer Room, and developing resources and raising funds for Lectio 365 to be translated into Spanish.

Pastoral visits were made to the USA, South Africa, Ibiza, Sweden and Ireland to strengthen the teams.

With increased global reach, we have also launched our international website and global branding for 24-7 National Teams.

Looking Forward: 2022-23

From April 2022 – March 2023, the charity’s prayer resources will be further expanded and strengthened by:

A number of expansions to existing resources including:

A number of new resources:

With our increased global reach, there will be continued conversations on the growth and expansion of prayer resources in multiple languages and ensuring that our prayer resources can reach the maximum number of people. There will also be a focus on growing our global audience across social media through marketing and storytelling.

A new partnership with Waverley Abbey Trust:

We hope to develop a partnership with Waverley Abbey Trust, which would open up new doors for prayer resources and further developing a culture of prayer across the global movement by working alongside them to develop the Waverley Abbey Estate. This potential partnership would also enable us to develop and grow our support for 24-7 Prayer Communities and the Order of the Mustard Seed.

24-7 Prayer Trustees’ Report And Financial Statements

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Mobilising Mission and Justice

24-7 Prayer rooms are equipping and encouraging people to take God’s love to the poor and lost, to lead people to Christ, and to catalyse prayer and community all over the world.

Our Achievements

We have continued to respond to global world events and equip people to pray for them. Over the last 12 months our global teams produced resources to help individuals and communities learn about and pray for racial justice, as part of our Race and Reconciliation campaign.

In the lead up to COP26 in Glasgow in November 2021, we partnered with Tearfund in a global online prayer campaign to pray for climate justice, and have continued to make resources available for communities to engage in prayer and action.

As war broke out in Ukraine in February 2022, we produced global prayer resources to mobilise prayer for Ukraine, which have been translated into Ukranian, Russian and other languages.

Prayer Spaces in Schools also created 25 new prayer activities to help young people pray for global justice and transformation, including series themed around Covid-19 recovery, mental health and well-being, and the crisis in Ukraine.

Looking Forward: 2022-23

Over the next year, we plan to continue to respond to global events and produce resources which help communities and individuals engage in prayer and ask God’s kingdom to come. This will take the form of website guides, and there are already plans to produce content on current global issues, such as the humanitarian crisis in Yemen.

We also plan to continue to use our app, Lectio 365, to encourage individuals to pray for mission and justice, which are some of Lectio 365’s key themes. This is particularly highlighted on feast and special days which may draw attention to a particular individual who worked for justice, offering an opportunity to respond to a global situation in prayer or to highlight the themes of mission and justice which we see in the Bible.

24-7 Prayer Trustees’ Report And Financial Statements

Training and Developing Young Leaders

At the heart of the 24-7 movement is an expanding network of gifted and committed young leaders, and we recognise the urgent need for strategic investment into their training and development at every level.

The Gathering 2021 was also hosted online in October, with 150 leaders meeting together online for the Leaders’ Day and a peak of 3,853 users joining us online on Saturday. This was an opportunity to come together online, encourage each other, and be equipped in prayer.

The first youth event took place in Manchester in January, and dates for youth events in Birmingham, Manchester and London were also set.

200 to 300 participants took part in online training sessions hosted by Prayer Spaces to help churches serve their local schools during the Coronavirus pandemic.

Looking Forward: 2022-23

Over the next year, we intend to resume in-person events with our Wildfires event returning to West Sussex in May 2022. The Gathering will also be held in Belfast with an aim of having 900 people on site and a high-quality livestream to enable people to encounter God in new ways. In February 2023, Euroleaders’ will take place in-person, allowing leaders from across Europe to gather together for the first time post-pandemic.

Prayer Spaces in Schools intend to host a number of training events, including a USA consultation in Portland in October 2022, a German-speaking training conference in Marburg in November 2022, and a European leaders’ Round Table. There are also plans to recruit Prayer Spaces Schools coordinators in the USA, South Africa and Australia. In the UK, we plan to develop partnerships with the Church of England Diocese.

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Internationally, we plan to hold conferences in Canada, Sweden and the USA. An international leaders’ gathering will also be held in the UK in 2023. A new national leader for the Netherlands will be appointed and teams will be strengthened in Germany and Lebanon, including the development of a Middle Eastern hub in Lebanon. Pastoral visits will be made to Malaysia and Australia.

In keeping with our intention to expand our youth audience, a number of events are planned. We intend to have a large involvement at various UK festivals including Spring Harvest, Wildfires, and others taking place this summer. There are also plans to have regular youth prayer events in Manchester, Birmingham, London and Stoke. We also intend to launch a youth leader and church leader event, and work towards launching a summer Youth festival for 2023.

Operational Support

Staff assist each of the three main areas of 24-7 Prayer to deliver their objectives. With the ongoing restrictions of the Coronavirus Pandemic, staff continued to navigate working from home, but as the year progressed, office working resumed and in-person team days helped team members to encourage and support one another. During this period the staff team continued to grow and expand, with new team members supporting the day-to-day admin and running of the charity.

Factors affecting our achievements

In November 2021 we became aware of serious concerns about Mike Andrea who was serving at that time as the CEO of the organisation behind 24-7 Prayer International. In response to these concerns the Trustees of 24-7 Prayer International immediately suspended Mike Andrea in order to conduct a thorough, third-party investigation through Loch Associates. This process was ongoing and culminated in Mike Andrea offering to resign from his employment with 24-7. The Trustees accepted his resignation with effect from 14th April 2022. While this process was proceeding a number of Trusts and Foundations delayed donating until after the outcome was made public. Despite these challenges, we experienced no major loss of donations, and a conclusive outcome that means that we can start to move forward and look ahead to the future.

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Financial Statements

For the year ended 31[st] March 2022

24-7 Prayer Trustees’ Report And Financial Statements

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Financial Review

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing document, applicable law, and the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Financial Position

The statement of financial activities shows overall net incoming resources of £294,537 (2021: net incoming resources £278,753).

24-7 Prayer doesn’t undertake public fund raising or employ third parties to raise funds on its behalf.

24-7 Prayer received funds from events, foundations, trusts, charities and individuals during the year. Gifts in kind to the value of £18,781 were received during the year (2021: £15,515).

24-7 Prayer also received several significant restricted donations to voluntary income, with restricted income totalling £738,906 (2021: £196,541). These donations are assisting in the furtherance of 24-7’s work in developing the Wildfires Festival, supporting the creation of a modern day monastery at Waverley Abbey, the creation of the Inner Room and Lectio 365 prayer apps, 24-7 Prayer and Prayer Spaces in School’s core running costs, and European development and missions. The charity also received significant unrestricted donations, as part of a total unrestricted income of £1,430,472 (2021: £1,123,963). These significant donations, totalling £220,000 (2021: £188,766), are being targeted towards all three key areas of 24-7 Prayer’s charitable activity, and general running costs.

Net incoming resources on unrestricted funds amounted to £332,987 (2021: £308,478 net incoming resources), with total unrestricted funds standing at £755,120 (2021: £422,133).

Reserves

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 £175,000 in general funds. At this level, the trustees feel that they would be able to manage the affairs of the charity in an orderly manner, in the event of a significant drop in funding. At present these reserves amount to £179 below target.

24-7 Prayer’s reserves at the year end comprise:

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Fund £
Restricted funds 110,964
Designated funds 553,409
26,890
Funds invested in fixed assets
Free reserves 174,821
Total 866,084
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Designated funds relate to the charity’s work on communications, training and development, mission and justice, and training courses and conferences. These funds are planned to be expended during the coming financial year.

24-7 Prayer Trustees’ Report And Financial Statements

Structure, governance and management

Governing Document

The charity is a company limited by guarantee and was formed on 9th March 2001 and received charitable status in March 2002. It is governed by its Memorandum and Articles of Association.

Trustees

The Trustees, who are also directors for the purpose of company law, who served during the year, are named on page 2. New trustees are appointed by the existing trustees in accordance with the charity’s articles of

association. They are inducted through meetings with the Chairman and other trustees, covering the history and current activities of the charity, governance and management, and the charity’s financial accounts and reporting procedures. Trustees are recruited for various skills they bring to the organisation.

All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

The directors consider the board of directors, who are the charity’s trustees, and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. All directors, in acting as directors of 24-7 Prayer, gave of their time freely and received no remuneration. All payments to directors for services or other expenses are listed in the notes to the accounts.

Organisational Structure

Overall control of the charity rests with the trustees, who meet at least three times a year, and delegate the day to day running of the activities of the charity to an executive team. The pay of senior team members is normally reviewed annually. In view of the nature of the charity, the directors benchmark against pay levels in other charities of a similar size.

Major Risks

There are two major risks to which the charity is exposed; reliance on large donations to cover the running costs of the charity, and currency fluctuations. Systems and procedures have been established to manage those risks as deemed appropriate by the Trustees, including the focus on individual giving with small and major donors, and appropriate levels of contingency included in project work reliant on funds received in non-sterling currencies.

Covid-19 has seen an increase in individual donations, and current Trusts and Foundations who have been unable to support 24-7 Prayer being replaced with new ones. However, the outlook remains uncertain into 2023, with the impact of the cost of living crisis unclear on future donor behaviour. To mitigate this, cash is being carefully managed, income carefully monitored and different budget scenarios have been prepared to match different levels of income.

24-7 Prayer Trustees’ Report And Financial Statements

Statement of Trustees’ Responsibilities

Company Law and Charity Law require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the financial activities of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for ensuring that the company maintains an adequate system of internal control designed to provide reasonable assurance that assets are safeguarded against loss or unauthorised use and to prevent and detect fraud and other irregularities.

In so far as the Trustees are aware:

Auditors

Moore Kingston Smith LLP were appointed as auditors to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

ON BEHALF OF THE BOARD:

Chairman Charles Douglas Date 29th September 2022

24-7 Prayer Trustees’ Report And Financial Statements

Independent Auditors’ Report to the Trustees of 24-7 Prayer

Opinion

We have audited the financial statements of 24-7 Prayer for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our unqualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the

24-7 Prayer Trustees’ Report And Financial Statements

financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the trustees’ responsibilities statement set out on page 14, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

24-7 Prayer Trustees’ Report And Financial Statements

Auditor’s responsibilities for the audit of the financial

statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

24-7 Prayer Trustees’ Report And Financial Statements

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken for no purpose other than to draw to the attention of the charitable company’s members those matters which we are required to include in an Auditor’s report addressed to them. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company and charitable company’s members as a body, for our work, for this report, or for the opinions we have formed.

Orbital House 20 Eastern Road Romford Karen Wardell (Senior Statutory Auditor) Essex For and on behalf of Moore Kingston Smith LLP RM1 3PJ Chartered Accountants

Dated: …………………29 November 2022

24-7 Prayer Trustees’ Report And Financial Statements

Statement of Financial Activities

Including Income and Expenditure Account for the year ended 31st March 2022

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Notes Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Income from:
Donations and similar income 3 1,430,472 738,906 2,169,378 1,320,504
Charitable activities 4 43,535 11,000 54,535 38,357
Other trading activities:
- sale of merchandise 17,151 - 17,151 6,721
- rent received 7,500 - 7,500 4,375
Investments (Bank interest) 961 - 961 208
Total Income 1,499,619 749,906 2,249,525 1,370,165
Expenditure
Raising funds: 5
Cost of merchandise 31,185 - 31,185 15,903
Fundraising costs 52,532 - 52,532 44,538
Publicity costs 3,487 - 3,487 13,066
Charitable activities 6 1,079,428 788,356 1,867,784 1,017,905
Total resources expended 1,166,632 788,356 1,954,988 1,091,412
Net income/ (expenditure) 332,987 (38,450) 294,537 278,753
for the year
Gross transfers between funds - - - -
Net movement in funds 332,987 (38,450) 294,537 278,753
Reconciliation of funds
Total funds at 1st April 2021 422,133 149,414 571,547 292,794
Total funds at 31st March 2022 755,120 110,964 866,084 571,547
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All amounts derive from continuing activities. All gains and losses recognised in the period are included in the statement of financial activities.

The attached notes form an integral part of these financial statements.

24-7 Prayer Trustees’ Report And Financial Statements

Balance Sheet

As at 31st March 2022

Company Registration No. 04176643 (England and Wales)

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2022 2021
Notes £ £ £ £
Fixed Assets
Investments 8 1 1
Tangible assets 9 26,890 9,286
26,891 9,287
Current assets
Stock 10 1,112 2,220
Debtors 11 49,348 32,722
Cash at bank and in hand 1,021,035 686,118
1,071,495 721,060
Creditors: Amounts falling due 12 232,302 86,289
within one year
Net current assets 839,193 634,771
Creditors: Amounts falling due after 13 - 72,511
more than one year
Total assets less current liabilities 866,084 571,547
The funds of the charity:
Restricted income funds:
Restricted fund 16 110,964 149,414
Unrestricted income funds:
General fund 16 201,711 198,658
Designated funds 16 553,409 223,475
Total charity funds 866,084 571,547
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The company is subject to audit under the Charities Act 2011. The attached notes form an integral part of these financial statements.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.The Financial statements were approved by the board on 29th September 2022.

Charles Douglas, Chairman

24-7 Prayer Trustees’ Report And Financial Statements

Statement of Cash Flows

As at 31st March 2022

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Notes 2022 2021
£ £ £ £
g activities 19 368,763 422,169
Cash flow from operatin
g activities
Cash flow from investin
(34,807) (10,362)
Payments to acquire tangible fixed assets
Interest received 961 208
g activities (33,846) (10,154)
Net cash flow from investin
Net increase / (decrease) in cash and cash equivalents 334,917 412,015
Cash and cash equivalents at 1st April 2021 686,118 274,103
Cash and cash equivalents at 31st March 2022 1,021,035 686,118
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The attached notes form an integral part of these financial statements.

24-7 Prayer Trustees’ Report And Financial Statements

Notes to the Financial Statements

1) General information

24-7 Prayer is a private company, limited by guarantee, incorporated in England and Wales under the Companies Act 2006 and Charities Act 2011. The address of the registered office is provided in Reference and administrative details. Details of the charity’s operations are provided in the Report of the Trustees.

2) Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a. Basis of preparation

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention and include the results of the charity’s operations which are described in the Trustees’ Report and all of which are continuing. The financial statements are prepared under UK Generally Accepted Accounting Practice and in accordance with the Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

b. Going Concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and for a period of not less than twelve months from the date of approval of these financial statements. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

c. Income

Income is recognised when the charity is legally entitled to the income and the amount can be measured reliably and it is probable that the income will be received. The related tax credit on donations etc is accounted for on an accruals basis once the donation has been received. The income from ventures to generate funds is shown gross, with the associated costs included in costs of generating funds.

When donors specify that donations and grants are for particular restricted purposes, which do not amount to preconditions regarding entitlement, it is included in income of restricted funds when receivable.

Gifts and services in kind are included at their estimated open market valuation.

d. Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources. Costs of raising funds are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out. Governance costs include those costs associated with

24-7 Prayer Trustees’ Report And Financial Statements

meeting the constitutional and statutory requirements of the charity and include the reporting accountant’s fees and costs linked to the strategic management of the charity.

e. Allocation of costs

Certain types of expenditure are incurred in providing support for activities related directly to the objects of the charity. Payroll costs are allocated on the basis of the estimated percentage of staff time related to various cost centres whilst centralised overhead costs have been allocated to the various cost centres on the basis of staff employed in each area.

f. Restricted and designated funds

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds subject to specific conditions imposed by donors as to how they may be used. The purposes and uses of the restricted funds are set out in note 15 to the accounts.

g. Stock

Stock is stated at the lower of cost and net realisable value.

h. Fixed Assets

Assets costing more than £1,000 are recorded at cost (£500 from previous financial years). Depreciation is provided at 50% on a straight-line basis to write off the cost less estimated residual value of each asset over its expected useful life.

i. Pensions

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

j. Foreign currency

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

k. Operating lease commitments

Rentals payable under operating leases are charged against expenditure as incurred over the lease term.

l. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

m. Financial assets and liabilities

The charitable company only has basic financial instruments.

24-7 Prayer Trustees’ Report And Financial Statements

n. Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Key sources of estimation uncertainty

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 9 for the carrying amount of the tangible fixed assets and note 2 for the useful economic lives for each class of asset.

3) Donations and Similar Income

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Unrestricted Restricted Total Unrestricted Restricted Total
funds 2022 funds 2022 2022 funds 2021 funds 2021 2021
£ £ £ £ £ £
General Purposes 1,430,472 - 1,430,472 1,123,963 - 1,123,963
Students - - - - 3 3
Intl. Development and - 41,735 41,735 - 8,162 8,162
Missions
Prayer Spaces in Schools - 22,335 22,335 - 43,485 43,485
InnerRoom Prayer App - 20,064 20,064 - 20,159 20,159
24-7 Academy - - - - 3,000 3,000
- 27,972 27,972 - 22,307 22,307
Wildfires Festival
365 Appeal - 111,481 111,481 - 19,741 19,741
Bursaries - - - - 4,637 4,637
CEO - - - - 30,000 30,000
24-7 Ireland - 1,186 1,186 - 23,486 23,486
Mother House - 505,124 505,124 - 5,092 5,092
Other Grant Income - 2,259 2,259 - 9,906 9,906
Operations - 6,750 6,750 - 6,563 6,563
1,430,472 738,906 2,169,378 1,123,963 196,541 1,320,504
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24-7 Prayer Trustees’ Report And Financial Statements

4) Income from Charitable Activities

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Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Training courses and conferences 43,535 11,000 54,535 24,230 14,127 38,357
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5) Expenditure – Raising Funds

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Total 2022 Total 2021
£ £
Donations and gifts 2,315 2,375
108 303
Office Costs
50,104 41,860
Staff Costs
Travel 5 -
52,532 44,538
Publicity and Communication 3,487 13,066
Merchandise Costs 31,185 15,903
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6) Expenditure - Charitable Activities

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Charitable Support Govern- Total Charitable Support Gover- Total
Activities Costs ance Activities Costs nance
Costs Costs
2022 2022 2022 2022 2021 2021 2021 2021
£ £ £ £ £ £ £ £
Prioritising Prayer 692,633 102,623 4,309 799,565 367,404 69,748 4,089 441,241
Mobilising Mission 418,021 99,606 4,309 521,936 225,188 67,697 4,089 296,974
and Justice
Training and Developing 442,368 99,606 4,309 546,283 207,904 67,697 4,089 279,690
Young Leaders
1,553,022 301,835 12,927 1,867,784 800,496 205,142 12,267 1,017,905
Natural classification:
Donations and Gifts 569,289 - - 569,289 79,011 - - 79,011
384,727 229,250 - 613,977 456,636 168,272 - 624,908
Staff Costs
40,666 41,311 - 81,977 16,157 23,292 - 39,449
Office Costs
Travel Costs 33,548 5,191 - 38,739 6,860 2,657 - 9,517
Trustee Expenses - - 1,107 1,107 - - 249 249
Auditor's Remuneration - - 11,820 11,820 - - 12,018 12,018
Depreciation - 17,203 - 17,203 - 6,721 - 6,721
Premises Costs 15,819 4,200 - 20,019 8,750 4,200 - 12,950
Publishing and 155,538 4,680 - 160,218 111,101 - - 111,101
Communications
Training Courses and 203,621 - - 203,621 67,468 - - 67,468
Conferences
Website Costs 149,814 - - 149,814 54,513 - - 54,513
1,553,022 301,835 12,927 1,867,784 800,496 205,142 12,267 1,017,905
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24-7 Prayer Trustees’ Report And Financial Statements

7) Employee costs

Details of payments to trustees are included in note 17.

The costs of all staff were:

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2022 2021
£ £
Wages and Salaries 562,787 513,082
Social Security Costs 46,395 39,868
Pension Costs 12,331 10,779
621,513 563,729
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The total employee benefits, including the cost of employer’s National Insurance, of the Executive team of the Charity were £276,573 (2021: £234,942)

No employee earned more than £60,000 during the period. The average full time equivalent number of staff employed by the charity during the year was as follows:

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2022 2021
No No
Prioritising Prayer 8.5 7.9
Mobilising Mission and Justice 2.0 2.8
Training and Developing Young Leaders 2.8 2.1
3.9 3.5
Support Staff
Averag 17.2 16.3
e full time equivalent number of staff employed
24.8 22.3
The average number of staff employed (Headcount)
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8) Investments

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.

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2022 2021
£ £
Interest in subsidiary undertaking at cost 1 1
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24-7 Prayer Trustees’ Report And Financial Statements

9) Analysis of Movement of Fixed Assets

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Total
Fixtures, fittings and equipment
£ £
Asset cost
Balance brought forward 29,282 29,282
Additions 34,807 34,807
Disposals (584) (584)
Balance carried forward 63,505 63,505
Depreciation
Balance brought forward 19,996 19,996
Charge for year 17,203 17,203
Disposals (584) (584)
Balance carried forward 36,615 36,615
Net book value
At 1st April 2021 9,286 9,286
At 31st March 2022 26,890 26,890
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10) Stocks

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2022 2021
£ £
Merchandise goods 1,112 2,220
11) Debtors
2022 2021
£ £
Income tax recoverable 27,831 30,722
Prepayments & accrued income 18,900 -
Trade debtors 2,617 2,000
49,348 32,722
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24-7 Prayer Trustees’ Report And Financial Statements

12) Creditors: amounts falling due within one year

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2022 2021
£ £
Taxation and social security 12,764 9,315
Trade Creditors 58,023 17,844
Other Creditors 56,845 40,565
Amount owed to dormant subsidiary undertaking - unpaid share capital 1 1
Accruals and deferred income 104,669 18,564
232,302 86,289
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13) Creditors: amounts falling due after more than

one year

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2022 2021
£ £
Accruals and deferred income - 72,511
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14) Deferred Income

Income has been deferred due to the postponement of the Wildfires festival.

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At 1st April 2021 Released in the year Deferred in the year At 31st March 2022
£ £ £ £
72,511 - - 72,511
Wildfires Festival
Total deferred income 72,511 - - 72,511
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15) Operating Lease Commitments

At the reporting end date the charity had outstanding commitments for future minimum lease agreements under non-cancellable operating leases, which fall due as follows:

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2022 2021
£ £
Due within 1 year 7,515 6,250
Between 1 to 2 years 1,191 -
Total 8,706 6,250
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24-7 Prayer Trustees’ Report And Financial Statements

16) Funds Movement

Unrestricted and Designated Funds

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Net incoming/ Balances at Balances at
Incoming Outgoing (outgoing) 31st March 31st March
resources resources resources Transfers 2022 2021
£ £ £ £ £ £
General Fund 667,122 (864,069) (196,947) 200,000 201,711 198,658
Designated Funds
1. Training and Development - (553) (553) - 776 1,329
2. Mission and Justice - (172) (172) - 388 560
3. Training Courses and 113,081 (121,227) (8,146) - 35,243 43,389
Conferences
4. Waverley 54,240 (90,786) (36,546) - 32,893 69,439
- (36,333) (36,333) 53,018 16,685 -
5. Wildfires Festival
6. Prayer Spaces in Schools - - - - 413 413
7. OMS 31,868 (7,702) 24,166 - 27,944 3,778
8. Lectio 365 633,308 (45,790) 587,518 (253,018) 439,067 104,567
Total 832,497 (302,563) 529,934 (200,000) 553,409 223,475
Total Unrestricted Funds 1,499,619 (1,166,632) 332,987 - 755,120 422,133
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Designated funds are set aside for work which has not yet been allocated to specific projects, or to indicate funds set aside for a particular activity and therefore not usually available for general purposes.

Management approved £53,018 transfer from Lectio to Wildfires on 31/10/21 & £200k from Lectio to General funds on 31/01/22

  1. For developing international initiatives and leaders

  2. To support international development and justice issues

  3. Tickets bought for training and events to promote prayer

  4. Mother House is for developing a centre of spiritual renewal and monastic community at Waverley Abbey House, UK

  5. Wildfires is an annual festival that takes place each May with the aim of facilitating a space where people can encounter God in prayer

  6. Prayer Spaces in Schools enable children and young people, of all faiths and none, to explore life’s questions, spirituality and faith in a safe, creative and interactive way

  7. The Order of Mustard Seed (OMS) is an ecumenical, lay-lead, dispersed community of over 300 members, inspired by the original Moravian OMS of the 18th Century. Today’s OMS shares the wider objectives of the 24-7 Prayer movement, to revive the church and to re-wire the culture, through the mobilisation of prayer, mission and justice

  8. Lectio 365 is a free daily devotional resource that helps people pray the Bible every day. Funds support the cost of creating new daily content and IT costs of running the app

24-7 Prayer Trustees’ Report And Financial Statements

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Restricted Funds

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Incoming Outgoing Net incoming/ Transfers Balances at Balances at
resources resources (outgoing) 31st March 31st March
resources 2022 2021
£ £ £ £ £ £
1. Students - (4,161) (4,161) - 181 4,342
2. International 41,735 (5,794) 35,941 - 56,761 20,820
development
and missions
3. Living Generously - (3,343) (3,343) - - 3,343
4. InnerRoom Prayer App 20,064 (16,944) 3,120 - 17,112 13,992
5. Prayer Spaces in 22,335 (47,703) (25,368) - 3,434 28,802
Schools
38,972 (24,033) 14,939 - 18,900 3,961
6. Wildfires Festival
7. Lectio 365 111,481 (106,098) 5,383 - 6,604 1,221
8. Bursaries - (1,566) (1,566) - 3,840 5,406
9. CEO - (33,959) (33,959) - - 33,959
10. 24-7 Ireland 1,186 (33,684) (32,498) - - 32,498
11. Mother House 505,125 (502,063) 3,062 - 4,132 1,070
12. Other Grant Income 2,259 (2,259) - - - -
13. Operations 6,750 (6,750) - - - -
Total 749,907 (788,357) (38,450) - 110,964 149,414
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  1. To help 24-7 Prayer’s work with Students

  2. For developing international initiatives and leaders

  3. Living Generously is a 24-7 Prayer initiative seeking to challenge people to live out generosity in all aspects of life and connect people who want to give with people making a difference around the world

  4. Inner Room is a free app that helps individuals all over the world to use their phones to pray

  5. Prayer spaces in Schools enable children and young people, of all faiths and none, to explore life’s questions, spirituality and faith in a safe, creative and interactive way

  6. Wildfires is an annual festival that takes place each May with the aim of facilitating a space where people can encounter God in prayer

  7. 365 Appeal is to develop a free daily devotional resource that helps people pray the Bible every day

  8. Bursaries is a fund to support leaders from other countries to attend 24-7 Prayer events

  9. Funds given towards the CEO’s salary

  10. For developing prayer in Ireland

  11. Mother House is for developing a centre of spiritual renewal and monastic community at Waverley Abbey House, UK

  12. Other Grant Income relates to furlough grants received from the Government

  13. Operations is towards the salary of a member of the Operations team

24-7 Prayer Trustees’ Report And Financial Statements

Previous year

Unrestricted and Designated Funds

----- Start of picture text -----
Incoming Outgoing Net incoming/ Transfers Balances at Balances at
resources resources (outgoing) 31st March 31st March
resources 2021 2020
£ £ £ £ £ £
General Fund 863,202 (656,735) 206,467 (23,008) 198,658 15,199
Designated Funds
1. Training and Development - (231) (231) - 1,329 1,560
2. Mission and Justice 160 (1,474) (1,314) - 560 1,874
3. Training Courses and 140,125 (117,819) 22,306 - 43,389 21,083
Conferences
4. Waverley 24,071 (28,320) (4,249) - 69,439 73,688
81 (23,089) (23,008) 23,008 - -
5. Wildfires Festival
6. Prayer Spaces in Schools 332 (170) 162 - 413 251
7. OMS 12,419 (8,641) 3,778 - 3,778 -
8. Lectio 365 119,107 (14,540) 104,567 - 104,567 -
Total 296,295 (194,284) 102,011 23,008 223,475 98,456
Total Unrestricted Funds 1,159,497 (851,019) 308,478 - 422,133 113,655
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Restricted Funds

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Incoming Outgoing Net incoming/ Transfers Balances at Balances at
resources resources (outgoing) 31st March 31st March
resources 2021 2020
£ £ £ £ £ £
1. Students 3 - 3 - 4,342 4,339
2. International development 8,162 (12,212) (4,050) - 20,820 24,870
and missions
3. Living Generously - (2,745) (2,745) - 3,343 6,088
4. 15:50 Appeal - (5,461) (5,461) - - 5,461
5. InnerRoom Prayer App 20,159 (38,160) (18,001) - 13,992 31,993
6. Prayer Spaces in Schools 43,485 (55,972) (12,487) - 28,802 41,289
7. Training and Development 3,000 (3,000) - - - -
36,434 (32,473) 3,961 - 3,961 -
8. Wildfires Festival
9. Lectio 365 19,741 (29,759) (10,018) - 1,221 11,239
10. Bursaries 4,637 - 4,637 - 5,406 769
11. CEO 30,000 (28,649) 1,351 - 33,959 32,608
12. 24-7 Ireland 23,486 (10,988) 12,498 - 32,498 20,000
13. Mother House 5,092 (4,022) 1,070 - 1,070 -
14. Other Grant Income 9,906 (9,906) - - - -
15. Operations 6,563 (6,563) - - - -
16. Other - (483) (483) - - 483
Total 210,668 (240,393) (29,725) - 149,414 179,139
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Transfers between funds

Transfers between funds have occurred where unrestricted funds have been set aside for work which has been allocated to specific projects.

24-7 Prayer Trustees’ Report And Financial Statements

17) Analysis of net assets between funds

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Unrestricted funds Restricted funds Total funds
£ £ £
Investments 1 - 1
Fixed Assets 26,890 - 26,890
Current Assets 960,531 110,964 1,071,495
Creditors: amounts falling due within one year (232,302) - (232,302)
755,120 110,964 866,084
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----- Start of picture text -----
Previous year:
Unrestricted funds Restricted funds Total funds
£ £ £
Investments 1 - 1
Fixed Assets 9,286 - 9,286
Current Assets 499,135 221,925 721,060
Creditors: amounts falling due within one year (86,289) - (86,289)
Creditors: amounts falling due after more than one year - (72,511) (72,511)
422,133 149,414 571,547
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18) Related Party Transactions

The following payments were made to Trustees during the year relating to services provided in addition to their Trustee role:

----- Start of picture text -----
Salary and Expenses Pension Total Salary and Expenses Pension Total
Fees 2022 2022 2022 2022 Fees 2021 2021 2021 2021
£ £ £ £ £ £ £ £
P Greig 23,874 3,975 419 28,268 20,292 163 413 20,868
C Kuchanny 29,400 - - 29,400 26,821 - - 26,821
53,274 3,975 419 57,668 47,113 163 413 47,689
----- End of picture text -----

P Greig is founder of 24-7 Prayer, salaried employee and Trustee.

C Kuchanny was paid as a contractor to facilitate the development of the Mother House.

T Jupp is a freelance CEO of Big Church Day Out. During the year the charity paid no fees to Big Church Day Out (2021: £8,869).

C Kuchanny has an executive role with Waverley Abbey House. During the year rent and other costs of £28,030 (2021: £20,809) were paid to Waverley Abbey House.

The charity rents two rooms from Waverley Abbey House at a cost of £1,367 a month (£1,250 a month until September 21). J Weber, a member of the executive team, lives in one of these rooms permanently and reimburses 24-7 Prayer an amount of £625 per month for the cost of this room. The total amount received from J Weber for the year was £7,500 (2021: £4,375).

Donations totalling £69,529 were made to the charity by 8 trustees during the year (2021 £57,080 by 5 trustees).

Trustee expenses relate to £3,847 for Travel, £90 for Equipment and £38 for Entertaining (2021 £163 for travel).

24-7 Prayer Trustees’ Report And Financial Statements

19) Reconciliation of net income / (expenditure) to net cash flow from operating activities

----- Start of picture text -----
2022 2021
£ £
Net income / (expenditure) for year 294,537 278,753
Interest receivable (961) (208)
Depreciation and impairment of tang 17,203 6,721
ible fixed assets
Decrease in stock 1,108 1,410
Decrease / (Increase) in debtors (16,626) 63,696
Increase in creditors 73,502 71,797
368,763 422,169
Net cash flow from operating activities
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20) Comparative Statement of Financial Activities

Including Income and Expenditure Account for the year ended 31st March 2021

----- Start of picture text -----
Notes Unrestricted Restricted Total
Funds Funds 2021
£ £ £
Income from:
Donations and similar income 3 1,123,963 196,541 1,320,504
Charitable activities 4 24,230 14,127 38,357
Other trading activities:
- sale of merchandise 6,721 - 6,721
- rent received 4,375 - 4,375
Investments (Bank interest) 208 - 208
Total Income 1,159,497 210,668 1,370,165
Expenditure
Raising funds: 5
Cost of merchandise 15,903 - 15,903
Fundraising costs 44,538 - 44,538
Publicity costs 13,066 - 13,066
Charitable activities 6 777,512 240,393 1,017,905
Total resources expended 851,019 240,393 1,091,412
Net income / (expenditure) for the year 308,478 (29,725) 278,753
Gross transfers between funds - - -
Net movement in funds 308,478 (29,725) 278,753
Reconciliation of funds
Total funds at 1st April 2020 113,655 179,139 292,794
Total funds at 31st March 2021 422,133 149,414 571,547
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24-7 Prayer Trustees’ Report And Financial Statements

• 24-7 PRAYER