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Trustees’ Report and Financial Statements For the 12 months ended 31st December 2024

24-7 PRAYER | Charity Registration No. 1091413 | Company Registration No. 04176643 (England and Wales) 2023

Report of the Trustees

Report of the Trustees	4	Notes to the Financial Statements	35
A Letter from the Chair		1) General information	35
of the Board of Trustees	5	2) Accounting policies	35
A Letter from the CEO	6	3) Donations and Similar Income	37
Review of the year’s activities	7	4) Income from Charitable Activities	38
Areas of Impact in 2024	8	5) Expenditure – Raising Funds	38
Prayer Rooms Prayer Spaces in Schools Mobile Apps Digital Resources	9 11 12 14	6) Expenditure - Charitable Activities 7) Employee costs 8) Investments 9) Analysis of Movement of Fixed Assets 10) Stocks	39 40 41 41 41
Events	15	11) Debtors	41
The Order of the Mustard Seed	17	12) Short Term Investments	41
Community Networks	18	13) Creditors: amounts falling due
Training Young Leaders	19	within one year	42
Operational Support	20	14) Deferred Income	42
Fundraising Factors Affecting Our Achievement Financial Review	21 22 24	15) Operating Lease Commitments 16) Funds Movement 17) Analysis of net assets between funds 18) Related Party Transactions	42 43 47 48
Financial Position Reserves Structure, governance and management	24 24 25	19) Reconciliation of net income to net cash flow from operating activities 20) Comparative Statement of	48
Major Risks	26	Financial Activities	49
Statement of Trustees’
Responsibilities	27
Independent Auditors’ Report to
the Trustees of 24-7 Prayer	28
Statement of Financial Activities	32
Balance Sheet	33
Statement of Cash Flows	34

Charity Information

for the year ended 31[st ] December 2024

Trustees

E Alberto

S Bower

P Cheong

C Douglas (Chair)

M Frey

Registered Office

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

P Greig

C Kuchanny (Resigned 18/03/2024)

S Lau (Appointed 05/03/2024)

Charity Number

1091413

L Nyathi (Deputy Chair)

B Russell (Appointed 05/03/2024)

Company Number

Company Secretary

04176643 (England & Wales)

R Piper (Appointed 19/03/2024)

Working Names

Executive Team

K Grafham (Appointed CEO 31/8/2024)

A Eagleson (Resigned CEO 31/8/2024) J Callender

C Harding

B Heasley

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

Auditors

Moore Kingston Smith LLP

Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ

S Oliver (Appointed 08/01/2024)

R Piper

P Ward

Bankers

Barclays Bank plc

East Street, Chichester, West Sussex, PO19 1HT

Report of the Trustees

for the year ended 31 December 2024

The trustees who are also directors of the charity for the purposes of the Companies Act present their December 2024. They are report together with the audited financial statements, for the year ended 31[st] also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

and regularly taking himself away from the influence of the patterns of life around him into quiet and solitude.

A Letter from the Chair of the Board of Trustees

Prayer - talking with our Father, whether in the middle of the hurly burly noise of life, or in a place of true solitude - is often where God shows us the places that we are indeed conforming to the pattern of this world. Prayer can be a transformational process, allowing our minds to be renewed and enhancing our ability to identify God’s will.

There has been and continues to be favour on the 24-7 Prayer Do not conform to the pattern of this world, but be transformed by the movement over this past year. As renewing of your mind. Then you will be able to test and approve what “ Trustees we are so aware of the very God’s will is – his good, pleasing and perfect will. Romans 12:2 many contributions made by many, ” whether of time, money or effort, that enable the ongoing global impact of year on since my last world” can impact our thinking or encouraging and stimulating prayer. report, the sheer range behaviour. And while the world has Thank you all. A changed profoundly since he wrote and variety of influences There also continues to be an those words, many of its patterns affecting all of us daily, some increasingly international footprint to subtle and some less so, continue are the same: striving, selfishness, our activities, requiring us to adapt to highlight the ongoing relevance busyness, and the pursuit of status, how we encourage and resource power, and wealth (to name just a few!) of this verse to us all. I find myself still drawn to its challenge on a prayer in different languages and In contrast, Jesus’s life was cultures. We have developed our regular basis.

There also continues to be an increasingly international footprint to our activities, requiring us to adapt how we encourage and resource prayer in different languages and cultures. We have developed our use of technologies and evolving skills to meet these new and encouraging needs, as the following reports identify.

In contrast, Jesus’s life was characterised by patterns that included a total faithfulness to God, and to others, above self. I am struck by his particular habit of deliberately

Writing to the church those years ago, Paul identified even then how the influence of the “patterns of this

This has been another busy year, and as I see what God is doing globally, I remain full of hope, expectation and humility for the year ahead.

Charles Douglas Chair of the Board of Trustees

5 Trustees’ Report and Financial Statements

A Letter from the CEO

Unless the Lord builds the house, those who build it “ labour in vain. Unless the Lord watches over the city, the watchman stays awake in vain. Psalm 127:1 ” n September 2024, I had the honour of stepping into the ICEO role, following the faithful and skilful leadership of Adrian Eagleson. I’m deeply grateful for the season of stability and clarity he brought, and I feel privileged to help carry this vision forward.

Since assuming the post, my focus has been on strengthening the structures that we need to sustain long-term growth: growth that can keep pace with what God is doing around the world.

In the report that follows, you’ll see that we’ve made meaningful progress against our strategic priorities for 2024, which are:

Strengthening structures to support our national teams — particularly in fundraising, youth engagement, infrastructure, and translation.
Resourcing and renewing churches in the practice of night and day prayer.
Deepening the partnership between 24-7 Prayer and Waverley Abbey Trust, aligning more closely to serve the church and the movement.
Capturing and sharing stories of prayer, mission, and justice from around the world.

2024 was a significant year for us, not least because we celebrated 25 years of unbroken prayer in

24-7 Prayer Rooms and saw a 35% increase in the number of live prayer rooms compared to 2023. 24-7 Prayer gatherings took place in San Francisco, Rotterdam, and Kuala Lumpur — with nearly 2,500 attending in person, and thousands more joining online from almost 50 nations.

And the Lectio 365 app continues to grow, with monthly active users up 24% from last year, enabling hundreds of thousands of people around the world to experience rhythms of daily prayer.

These signs of growth remind me that God is at work — stirring up hunger for his presence and calling his Church deeper into prayer. As we look ahead, we remain committed to following his lead as we build.

I hope this report encourages you, as it does me, that against the backdrop of a chaotic and unstable world, God is still building his house — and we are invited to be part of it.

With every blessing,

Keith Grafham CEO

6 Trustees’ Report and Financial Statements

Review of the year’s activities

- 24 7 Prayer exists to revive the church and rewire the culture through an international movement - and communities of non stop prayer ~~Cis~~ , mission ~~Pe~~ and justice. ~~Cs~~

to support further growth in the future. As such, in this report, each area of impact will be accompanied by a short ‘Strengthening structures’ section to give insight into this work.

During the financial year 2024, 24-7 Prayer continued to fulfil its basic objectives of resourcing and renewing deeper patterns of prayer; developing Christian leadership, discipleship and formation; and mobilising mission and justice initiatives. In 2024 we recruited for a new CEO; Adrian Eagleson completed his term and we welcomed Keith Grafham into the role.

t a time of escalating crises in our world we’re Apassionate about this

We continue to be supported by a wide range of individual donors, churches and trusts, and these have all helped to significantly develop 24-7 Prayer this year.

vision because we believe that it’s necessary to revive the church of Jesus Christ, and this begins by mobilising his people to pray.

Everything we do begins with people in the presence of God (‘prayer’), and seeks to outwork his Kingdom by making a measurable difference among those suffering disadvantage and oppression (‘justice’) and those who feel far from Jesus (‘mission’).

The impact of the charity is enhanced by volunteers who desire to further our work.

In planning our activities for the year, the Trustees kept in mind the Charity Commission’s guidance on

This was a year both of expansion and of strengthening our structures

public benefit and in particular, the specific guidance on charities for the advancement of religion.

24-7 Prayer welcomes all people to take part in the wider 24-7 Prayer movement, 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.

Trustees’ Report and Financial Statements

Areas of Impact nfft 202 11

Prayer Rooms

It was not uncommon to arrive at the prayer room and find the person ahead of me in tears, enjoying the presence of God. One “ man called me up to say that he had not felt the presence of God so physically in 25 years. 25 years earlier he once felt Jesus’ hands resting on his own hands when he prayed in a desperate situation. And in the prayer room the presence of Jesus was just as physically real to him. He called his wife to join him, and she wept openly with the sense of Jesus’ presence there. ”

Day and night prayer in 24-7 Prayer Rooms is the foundation of our movement, and one of the unique gifts that 24-7 Prayer offers to the global Church.

We catalyse prayer through promoting, supporting, and tracking 24-7 Prayer Rooms around the world. In 2024, we supported 2168 live prayer rooms – a 35% increase on the number of live prayer rooms we tracked in 2023.

Non-stop prayer is spreading to new nations: 2024’s prayer rooms

ran in 74 nations, 13 more nations than last year. We welcomed new 24-7 Prayer national teams in Colombia and Denmark, for a total of 23 national teams around the world.

=10 prayer rooms

2168 74 prayer rooms nations (increase of 35%) (increase of 13)

23 national teams (increase of 2)

Trustees’ Report and Financial Statements

Prayer Mountain: Peru’s first permanent prayer room

This year, 24-7 Prayer Peru established the first-ever permanent prayer room in Peru! Sitting at 3,300 metres above sea level, the prayer room in Cusco is situated on a prayer mountain overlooking the city centre, and is welcoming the local church community and visitors to experience God’s presence and learn how to pray creatively – many for the very first time. There are already morning, noon and night prayer rhythms in

place, and an increasing

hunger in the local community to pray and seek God in this beautiful space.

Celebrating 25 Years of Prayer Rooms

5 September 2024 marked 25 years since the first ever 24-7 Prayer Room and the beginning of an unbroken chain of prayer that continues to this day. We celebrated this and extended a fresh invitation to non-stop prayer to our international audiences through a marketing campaign, an anniversary video with a powerful call to join the chain of non-stop prayer, and by hosting special video and blog content that shares highlights and stories of the movement over the years.

Strengthening structures

We strengthened our ability to support 24-7 Prayer Rooms and inperson prayer around the world by recruiting a European Coordinator to increase capacity for connection and development between our European teams.

Looking ahead

In 2025, we are launching an ambitious project: the Global Week of 24-7 Prayer, taking place 1 – 7 September 2025. The vision is for at least one week of day and night prayer in a physical prayer room registered in every nation across the world. We aim to increase awareness of the movement, open new nations, develop relationships with leaders around the world, and, above all, see increased day and night prayer catalyse outreach, mission movements and social transformation.

10 Trustees’ Report and Financial Statements

Prayer Spaces in Schools

I use prayer spaces because we can use them to remind ourselves that God loves us no matter what. I also use it to “ reflect on my mistakes and ask for forgiveness. I like the Bubble Prayer Space the most because I imagine the air inside the bubble consumes our worries and sends them to God. Maria, 9 years old ”

In 2024, Prayer Spaces in Schools created

the opportunity for approximately 200,000 pupils to learn about God and experience prayer – many for the first time.

811 prayer spaces ran in 21 nations.

This is a 13% increase on the number of prayer spaces which ran in 2023.

=10 prayer spaces

811 prayer spaces

(increase of 13%)

Strengthening structures

Looking ahead

In 2025, a new Prayer Spaces in Schools website will be launched in English, German, Spanish and French.

11 Trustees’ Report and Financial Statements

Mobile Apps

We laid the groundwork to significantly strengthen our app strategy, considering both our flagship app, Lectio 365 as well as our lesser-known app, Inner Room. We prayerfully developed a vision to have ‘Holy Ambition’ of growth for both apps. This vision was born out of understanding there is a huge appetite among Christians to use digital technology to help them pray and deepen their relationship with God. For example, research shows that 28% (26 million) of highly religious USA Christians use an app to help them pray. Amid the increasingly crowded prayer app market, we remain confident that the differentiator of both Lectio 365 and Inner Room is compelling.

In 2024, we developed and launched a complete redesign of the Lectio 365 app interface, including a number of often-requested improvements in the update. Other highlights from the year include strengthening our partnership with

WeDevote, who make Lectio 365 content available in Chinese, and participating in the Digital Discovery Centre as one of the selected global digital ministries at Lausanne Congress in Seoul, Korea.

Lectio 365 at a glance

3 languages

English | Spanish | Chinese

3

new languages trialled Arabic | German | French

1,250,000 first time installs

=1000 monthly active users

330,000 monthly active users

(up 24% from 2023)

Inner Room

at a glance

3 languages English | German | Spanish

119,000 first time installs

=100 monthly active users

8,100 monthly active users

=100 daily active users

2,600 daily active users

=1000 daily active

98,000 daily active users

users

(up 20% from 2023)

12 Trustees’ Report and Financial Statements

(as of December 2024)

I want you to know how much Lectio 365 means to me. I have been using the app for a couple of years. God uses it to cut through the “ shallowness that I seem to operate in day to day. I often don’t realize that something is weighing on me or that there is sin in my life that I need to confess until I am going through the Lectio 365 meditation. Thank you for using your gifts in this way. ”

Looking ahead

Strengthening structures

13 Trustees’ Report and Financial Statements

a Digital Resources

24-7 Prayer continued to resource the global church in 2024 by developing and distributing a variety of free digital resources to inspire and equip people in prayer, mission, and justice.

We made the teaching sessions from Wildfires Festival and The Gathering ‘24 available for free online. In a year where more than half of the population of the world lived in countries holding elections, we provided a Pray for Elections Prayer Guide that was downloaded 9,497 times. We also produced a Pray for Peace Guide that was downloaded 10,163 times.

was published, and we provided a 10-week sermon note resource for church leaders, as well as small group guides.

While we did not produce a new video course in 2024, our back catalogue of video courses continues to be used by churches and communities of faith around the world. The Prayer Course received 162,651 views in 2024.

In 2024, we aired the final half of season one of the 24-7 Prayer Podcast and recorded and released season two, telling stories of ordinary people from around the 24-7 Prayer movement who see extraordinary things in prayer, mission, and justice. The God Story by Alain Emerson and Adam Cox

14 Trustees’ Report and Financial Statements

Events

We catalysed prayer, discipleship, and training at a variety of events around the world in 2024.

Wildfires Festival

We welcomed 5,380 people to Wildfires Festival in England in August, joining together in worship, prayer, training and teaching.

The International Gathering

We celebrated 25 years of 24-7 Prayer with a sold-out The Gathering ‘24 in Rotterdam, the Netherlands, with 1087 attendees in person and 7275 online tickets. The event streamed in Spanish, German, Dutch, and French. The Generosity Auction raised €87,700 of charitable giving for causes such as a mobile 24-7 Prayer Room in

Ukraine and a Healing Centre in Manenberg, South Africa.

Euroleaders

We held the Euroleaders conference in Bracknell, England, connecting and encouraging 167 leaders from around Europe.

Lectio Live Events

We continue to develop Lectio 365 live events and retreats, hosting eight in 2024, including one residential two-day retreat.

National Gatherings

The USA team held a National Gathering, and first-time Gatherings were held in Malaysia, Australia, and the Netherlands, too.

==> picture [298 x 72] intentionally omitted <==

----- Start of picture text -----
~100 attendees
online
in-person
~100 attendees
2-day retreat
day event
----- End of picture text -----

8362 5380 International Wildfires Gathering Festival attendees attendees

8 Lectio 365 live events

15 Trustees’ Report and Financial Statements

Strengthening structures

This was the first time we ran Wildfires Festival independently of our previous partner, Big Church Festival, and in the process we established strong working relationships across our contractors and team. Improvements to our processes led to the launch of 2025 tickets at Wildfires 2024 for the first time, as well as launching 2025 tickets at the Gathering 2024 for the first time ever.

Looking ahead

In 2025, we expect to continue to expand the capacity and reach of our events. As the online attendance of our events increases, we are looking for ways to better engage and serve our online audience. We are also committed to increasing the input from leaders around the movement and the world, listening to ‘voices from the margins’. We have upcoming regional events in the United States, New Zealand, South Africa and Peru.

Trustees’ Report and Financial Statements Trustees’ Report and Financial Statements

The Order of the Mustard Seed

The Order of the Mustard Seed (OMS) is an ecumenical, lay-led, dispersed community inspired by the original Moravian OMS of the 18th Century and committed to prayer, mission and justice.

trajectory of Lectio 365 usage continues to link explorers to the OMS at a considerable pace. Twothirds of current candidates refer to Lectio 365 as a point of introduction.

In 2024, 151 new members took their vows, for a total of 730 members and 230 candidates in preparation to join at the end of the year. The upward

=10 members

730 members

(increase of 151)

Strengthening structures

The continued growth of the candidate funnel required a complete “re-set” of our welcome and onboarding processes during 2024. This “re-set” was considerable, and ensured that we could continue to welcome a consistently growing number of new candidates and members, while protecting our core values and our culture.

In 2024 we saw some significant staffing development with the addition of an employed Operations team, made up of an Operational Lead and Admin Officer to support the growing resource demands of the Order.

Looking ahead

Waverley Abbey continues to be developed as a Motherhouse for the OMS and a home for the 24-7 Prayer movement, hosting OMS retreats and Vow Ceremonies, and creating a Centre for Spiritual Formation to develop ongoing spiritual formation resources for the OMS and the larger movement.

Trustees’ Report and Financial Statements

Community Networks

At the end of 2024, there were 52 churches, Houses of Prayer, and missional communities that called the 24-7 Prayer Community Networks their main place of belonging.

We commissioned five new churches into the Community Networks at the Gathering 2024. All communities gathered for six Community Forums to cast vision, share the Network of Networks model and to invite leaders to build together. Alongside England’s new Tribe Network of church communities, 24-7 Prayer ran Learning Together events to share wisdom and expertise.

52 churches

(increase of 5)

Trustees’ Report and Financial Statements

Training Young Leaders

Another family spoke about how the 24-7 prayer initiative allowed them to have great conversations with their kids about how we can hear God speak “ through prayer. Teenagers gathered together to listen for God on behalf of one another. Several families came to the worship and prayer gathering with all of their children. Kids were praying with adults and sharing scripture and prophetic words they heard from God for each other. God is using prayer to stir up a hunger for Him in our kids and teenagers. ”

In October 2024, 24-7 Prayer launched the 24-7 Academy, in partnership with Waverley Abbey and Emmaus Rd Church.

This 16-week residential leadership development programme is designed to help people aged 18-30 grow in their discipleship, ready to bring prayer, mission, and justice back to their home church communities. The first cohort will begin in September 2025.

24-7 Prayer partnered with

Teenstreet to bring creative prayer to their international event. Over 40

nations were represented at the 24-7 Prayer night and more than 2000 teens were really involved

in the prayer stations. This partnership will be expanded next year.

Strengthening Looking

19 Trustees’ Report and Financial Statements

Operational é Support

In 2024, we overhauled and updated many of our major policies including safeguarding and GDPR, ensuring we meet the highest standard.

We produced new staff contracts and a reviewed code of conduct. We conducted a rigorous recruitment process for a new CEO, successfully installing Keith Grafham in post in September 2024, alongside the recruitment and onboarding of 8 other new members of staff.

Looking ahead

In 2025, we will improve our operational support for our areas of impact by establishing a new, more integrated operations approach alongside finance, fundraising, marketing and comms, and IT – in accordance with the CEO’s new strategy. We will undertake significant recruitment to ensure we are appropriately resourced to operate at scale.

Trustees’ Report and Financial Statements

Fundraising

In 2024 our fundraising activities were aided by a donor survey helping us to understand some of the key motivations behind giving to 24-7 Prayer. The number of people committing to give a monthly gift grew by 34% from the end of 2023 to the end of 2024, closing out the year with 3339 recurring donors.

We saw significant growth in the number of major donors choosing to work with 24-7 Prayer and the number of donors giving through 24-7 Prayer apps. We worked with a number of major donors to help them steward their money in high impact, Kingdom-advancing ways.

The re-development of the prayer room admin system and the redesign of Lectio 365 were both directly enabled by targeted generosity from major donors.

~10 recurring donors

Our annual appeal raised £37,000 against a goal of £25,000.

We are so grateful for the faithfulness of God and the generosity of the supporters who make all of our work possible.

3339 recurring donors

(increase of 34%)

Trustees’ Report and Financial Statements

Factors Affecting : Whi AAW. Our Achievement

The recruitment of a new CEO and the transition between CEOs has meant that, in 2024, we carried on fulfilling our fundamental objectives while aware that we were in a transitional moment between strategies.

We are incredibly proud of our achievements in 2024, and we are even more excited to see the impact of a long-term strategy on our achievements in 2025 and beyond.

their efforts to more “urgent” priorities that address basic human need and crisis intervention.

We have been unable to move office location as planned in 2024, due to an extended negotiation process | with existing landlords (as they sell the building) as well as our new landlord and the other charities with whom we share space. This is an

ongoing process that we hope will be completed in 2025.

An external factor affecting our achievement is that world events led to wide-scale revision in the giving strategies of many trusts, foundations, and individuals. Fundraising through trusts and foundations proved to be more challenging than expected, with a number of funders pausing their funding rounds or recalibrating

22 Trustees’ Report and Financial Statements

[FULL PAGE ARTWORK

Financial Statements

for the year ended 31 December 2024

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 £259,120 (Apr 23– Dec 23 £178,094).

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 £31,876 were received during the period (Apr 23–Dec 23: £28,004).

24-7 Prayer also received several significant restricted donations to voluntary income, with restricted income totalling £655,364 (Apr 23– Dec 23: £606,583). These donations are assisting in the furtherance of 24-7 Prayer’s work in developing the Wildfires Festival, supporting the creation of a modern day monastery at Waverley Abbey, the development of the Inner Room and Lectio 365 prayer apps, training, youth initiatives, Prayer Spaces in School’s core running costs, and international development and missions. The charity also received significant unrestricted donations, as part of a total unrestricted income of £2,522,685 (Apr 23–Dec 23: £1,328,701). These significant donations, totalling £275,000 (Apr 23– Dec 23: £250,490), 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 £276,312 (Apr 23–Dec 23: £265,661), with total unrestricted funds standing at £1,221,549 (Apr 23–Dec 23: £1,030,391) and with £574,429 (Apr 23–Dec 23: £535,803) designated to future projects.

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 £560,000 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 £81,278 above target. 24-7 Prayer’s reserves at the year-end comprise:

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----- Start of picture text -----
Fund £
Restricted funds 301,677
Designated funds 574,429
5,842
Funds invested in fixed assets
Free reserves 641,278
Total 1,523,226
----- End of picture text -----

Designated funds relate to the charity’s work on training and development, training courses and conferences, supporting the creation of a modern day monastery at Waverley Abbey, development of the Lectio 365 prayer apps, Prayer Spaces in School’s core running costs and supporting the Order of the Mustard Seed. These funds are planned to be expended during the coming financial year.

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 3 . 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. With the exception of P Greig, 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.

24-7 Prayer is both a movement and an organisation.

On a movemental level, expressions of 24-7 Prayer continue to emerge all over the world, from prayer caravans in the Czech Republic to prayer mountains in Peru. The organic nature of who we are is something we never want to lose; we are committed to following the Holy Spirit at work, and facilitating moments of non-stop prayer wherever they occur.

To help serve the movement we have developed national teams who own strategy locally and are encouraged to establish robust governance models, including setting up a local charity and establishing their own local board. The relationship between each nation and the international team, led by the CEO, is managed through a partnership agreement. We currently have 23 national teams, with a vision to multiply regionally over the next number of years.

The CEO leads the International charity which is governed by UK charity law and exists for the advancement of the Christian faith in the United Kingdom and overseas. There are 38 employees based in the International office in Woking, UK. This International Staff team has a focus on supporting the needs of the international movement and currently has 5 employees with a specific focus on developing 24-7 Prayer in GB, with a particular emphasis on England and Wales.

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.

Trustees’ Report and Financial Statements

Major Risks

The Board of Trustees has responsibility for making sure there are adequate and effective risk management protocols and systems of internal controls in place to manage 24-7 Prayer’s major risks and to achieve our strategic objectives. To strengthen this process, in 2023 a new Board sub-committee, supported by the CEO and Head of Operations, was created to review and help manage risk and support the audit process.

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Major risks How these risks are managed
Financial sustainability
1. During the reporting period we strengthened the fundraising team to specifically focus on developing and
f diversifying our income
Reduction in income due to cost of living crisis / inflation
f Reduction in income due to reputational issues
2. Regular communication with supporters and beneficiaries
f Other crises leading to unplanned for reduction in income /
3. Monthly financial reporting including reforecasting financial year outcome. We have a process for out of
increase in expenditure budget spend
f
These risks reduce our ability to fulfil our charitable aims and 4. Budget signed off by the management team and the Board
to invest appropriately to achieve our strategic objectives.
5. All business cases and objectives have a budget agreed at sign off
6. Trustees are part of the Remuneration and Finance Committee which meets at least quarterly
7. Holding additional level of free reserves in this uncertain financial environment
Events 1. Event budget is set based on existing and predicted ticket sales
f Ticket sales lower than expected 2. Budget reducing decisions can be made until relatively close to the event
f Large shortfall in income/expenditure
3. Opportunity for an offering to cover shortfall
Information security and data protection 1. Commissioned external IT support to improve technical skills and best practice
2. All data is backed up in the cloud
Significant data protection or security failure, including cyber-
attacks, resulting in legal and contractual issues, reputational
3. Finance department has process in place which include dual authentication for confirmation of payments
damage and potential fines, loss of income and costs to rectify 4. Staff training on data protection, guidelines on not saving work to a work computer but rather using SharePoint
which can be remotely wiped. Designated GDPR role on the staff team
Systems and technology
1. Ongoing review of all systems to ensure fit for purpose
f Systems fail to meet operational need 2. All data is backed up in the cloud
f Failure to innovate or update systems 3. External support in place
f Loss/corruption of data e.g. donor base
f Lack of technical support
Staff recruitment and retention 1. Staff retention, work environment and remuneration
f Experience or skills lost 2. Agreed notice periods and handovers
f Operational impact on key projects and priorities
3. Staff use shared drives to document systems, plans and projects
f Loss of contact base and corporate knowledge 4. Succession planning for all senior team
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Trustees’ Report and Financial Statements

Statement of Trustees’ Responsibilities

Company Law and Charity Law require the trustees to prepare financial statements for each financial period 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:

f select suitable accounting policies and then apply them consistently;
f observe the methods and principals in the Charities SORP;
f make judgements and estimates that are reasonable and prudent;
f state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
f prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

Auditors:

The auditors, Moore Kingston Smith are deemed to be reappointed under section 487(2) of the Companies Act 2006.

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 17th July 2025

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:

f there is no relevant audit information of which the charitable company’s auditors are unaware; and
f the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Trustees’ Report and Financial Statements

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

For the Year Ended 31 December 2024

Opinion

We have audited the financial statements of 24-7 Prayer for the year ended 31 December 2024 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:

f give a true and fair view of the state of the charitable company’s affairs as at 31 December 2024 and of its surplus for the period then ended;
f have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
f have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.

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 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

Trustees’ Report and Financial Statements

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:

f the information given in the Trustees’ Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
f the Trustees’ Report has been prepared in accordance with applicable legal requirements.

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:

f adequate accounting records have not been kept by the charitable company, or returns adequate for our audit have not been received from branches not visited by us; or
f the financial statements are not in agreement with the accounting records and returns; or
f certain disclosures of trustees’ remuneration specified by law are
not made; or
f we have not received all the information and explanations we required for our audit.

Responsibilities of directors

As explained more fully in the trustees’ responsibilities statement set out on page 27 , 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.

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,

Trustees’ Report and Financial Statements

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:

f We obtained an understanding of the legal and regulatory requirements applicable to the charitable company and considered that the most significant are the Companies Act 2006, the Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council.
f We obtained an understanding of how the charitable company complies with these requirements by discussions with management and those charged with governance.
f We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.
f We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.
f Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

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

f Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
f Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company’s internal control.
f Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
f Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor’s report. However,

Trustees’ Report and Financial Statements

future events or conditions may cause the charitable company to cease to continue as a going concern.

f Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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

31 July 2025 Dated: …………………

Trustees’ Report and Financial Statements 31

Statement of Financial Activities

Including Income and Expenditure Account for the year ended 31st December 2024

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Notes Unrestricted Funds Restricted Funds Total Jan - Dec 24 Total Apr - Dec 23
£ £ £ £
Income from:
Donations and similar income 3 2,522,685 655,364 3,178,049 1,935,284
Charitable activities 4 284,693 591,471 876,164 569,773
Other trading activities:
- sale of merchandise 21,500 - 21,500 22,203
Investments (Bank interest) 61,819 - 61,819 27,535
Total Income 2,890,697 1,246,835 4,137,532 2,554,795
Expenditure
Raising funds: 5
Cost of merchandise 92,440 - 92,440 44,747
Fundraising costs 132,893 - 132,893 93,188
Publicity costs 39,031 - 39,031 7,400
Charitable activities 6 2,350,021 1,264,027 3,614,048 2,231,366
Total resources expended 2,614,385 1,264,027 3,878,412 2,376,701
Net income / (expenditure) for the year 276,312 (17,192) 259,120 178,094
Gross transfers between funds (85,154) 85,154 - -
Net movement in funds 191,158 67,962 259,120 178,094
Reconciliation of funds
Total funds at 31st December 2023 1,030,391 233,715 1,264,106 1,086,012
Total funds at 31st December 2024 1,221,549 301,677 1,523,226 1,264,106
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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.

Trustees’ Report and Financial Statements

Balance Sheet

Company Registration No. 04176643 (England and Wales)

As at 31st December 2024

		Notes	31.12.24 £ £ ~~——E~~	31.12.24 £ £ ~~——E~~	31.12.24 £ £ ~~——E~~	31.12.23 As restated £ £ ~~UU~~	31.12.23 As restated £ £ ~~UU~~
	Fixed assets
	Investments	8	1			1
	Tangible assets	9	5,842			3,337
				5,843			3,338
	Current assets
	Stock	10	625			1,000
	Debtors	11	304,483		186,348	186,348
	Investments	12	769,878		155,000	155,000
	Cash at bank and in hand		1,004,312		1,308,591	1,308,591

			2,079,298		1,650,939	1,650,939

	Creditors: Amounts falling due within one year	13	561,915			390,171

	Net current assets			1,517,383			1,260,768

	Total assets less current liabilities			1,523,226			1,264,106

	The funds of the charity:
	Restricted income funds:
	Restricted fund	16		301,677			233,715

	Unrestricted income funds:
	General fund	16		647,120			491,583
	Designated funds	16		574,429			538,808
Total charity funds 1,523,226 1,264,106 ~~eee~~

The company is subject to audit under the Charities Act 2011.

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 17th July 2025.

Charles Douglas, Chairman

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

Trustees’ Report and Financial Statements

Statement of Cash Flows

As at 31st December 2024

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Apr 23 - Dec 23
Jan - Dec 24
As restated
Notes £ £ £ £
19 256,172 283,800
Cash flow from operating activities
Cash flow from investing activities
(7,392) (1,799)
Payments to acquire tangible fixed assets
Interest received 61,819 27,535
Net transfer to Short term investments (614,878) (155,000)
(560,451) (129,264)
Net cash flow from investing activities
Net increase in cash and cash equivalents (304,279) 154,536
Cash and cash equivalents at 31st December 2023 1,308,591 1,154,055
Cash and cash equivalents at 31st December 2024 1,004,312 1,308,591
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The attached notes form an integral part of these financial statements.

Analysis of changes in net funds

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31 December 2023 31 December 2024
Cashflows
£ £ £
Cash at bank and in hand 1,308,591 -304,279 1,004,312
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Trustees’ Report and Financial Statements 34

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.

c) 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.

d) 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 pre-conditions 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.

b) Reporting Period

For the period ended 31 December 2023, the entity’s reporting period and the annual financial statements were presented for a period shorter than one year, to match the calendar year and therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

e) 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

Trustees’ Report and Financial Statements

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 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.

k) 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.

f) 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.

g) 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.

h) Stock

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

i) Fixed Assets

Assets costing more than £1,000 are recorded at cost. 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.

j) 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.

l) Operating lease commitments

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

m) 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.

n) Financial assets and liabilities

The charitable company only has basic financial instruments.

o) 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.

Trustees’ Report and Financial Statements

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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Jan - Dec 24 Apr - Dec 23
Unrestricted funds Restricted funds Total Unrestricted funds Restricted funds Total
£ £ £ £ £ £
General Purposes 2,522,685 - 2,522,685 1,328,701 - 1,328,701
Intl. Development and Missions - 12,382 12,382 - - -
Prayer Spaces in Schools - 61,482 61,482 - 55,410 55,410
Inner Room Prayer App - 515 515 - 882 882
- 288,579 288,579 - 271,583 271,583
Wildfires Festival
365 Appeal - 177,842 177,842 - 268,042 268,042
Mother House - 210 210 - 2,773 2,773
Operations - 2,975 2,975 - 2,275 2,275
Youth - 59,386 59,386 - 5,618 5,618
Prayer Rooms - 51,993 51,993 - - -
2,522,685 655,364 3,178,049 1,328,701 606,583 1,935,284
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Trustees’ Report and Financial Statements 37

4) Income from Charitable Activities

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Jan - Dec 24 Apr - Dec 23
Unrestricted funds Restricted funds Total Unrestricted funds Restricted funds Total
£ £ £ £ £ £
Training courses and conferences 284,693 591,471 876,164 133,399 436,374 569,773
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5) Expenditure – Raising Funds

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Jan - Dec 24 Apr - Dec 23
Total Total
£ £
Fundraising Costs
Donations and Gifts 1,417 444
146 407
Office Costs
128,474 91,151
Staff Costs
Travel 2,856 1,186
132,893 93,188
Publicity and Communication 39,031 7,400
Merchandise Costs 92,440 44,747
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Trustees’ Report and Financial Statements 38

6) Expenditure - Charitable Activities

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Jan - Dec 24 Apr - Dec 23
Charitable Support Governance Charitable Support Governance
Activities Costs Costs Total Activities Costs Costs Total
£ £ £ £ £ £ £ £
Prioritising Prayer 1,550,864 152,119 7,535 1,710,518 916,057 91,940 6,406 1,014,403
Mobilising Mission and Justice 777,986 147,643 7,534 933,163 488,372 89,236 6,406 584,014
Training and Developing Leaders 815,188 147,645 7,534 970,367 537,307 89,236 6,406 632,949
3,144,038 447,407 22,603 3,614,048 1,941,736 270,412 19,218 2,231,366
Natural classification:
Donations and Gifts 227,488 - - 227,488 108,237 - - 108,237
890,315 345,165 - 1,235,480 578,670 214,317 - 792,987
Staff Costs
41,330 69,445 - 110,775 39,832 42,805 - 82,637
Office Costs
Travel Costs 126,700 21,133 - 147,833 92,954 6,617 - 99,571
Trustee Expenses - - 2,838 2,838 - - 3,208 3,208
Auditor's Remuneration - - 19,765 19,765 - - 16,010 16,010
Depreciation - 4,888 - 4,888 - 3,523 - 3,523
Premises Costs 348 4,200 - 4,548 1,085 3,150 - 4,235
Publishing and Communications 453,565 - - 453,565 246,155 - - 246,155
Training Courses and Conferences 1,298,729 1,496 - 1,300,225 845,980 - - 845,980
Website Costs 105,563 1,080 - 106,643 28,823 - - 28,823
3,144,038 447,407 22,603 3,614,048 1,941,736 270,412 19,218 2,231,366
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Trustees’ Report and Financial Statements 39

7) Employee costs

Details of payments to trustees are included in note 17.

The costs of all staff were:

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Jan - Dec 24 Apr 23 - Dec 23
£ £
Wages and salaries 1,141,944 770,171
Social security costs 114,382 71,639
Pension costs 33,935 16,608
1,290,261 858,418
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The number of employees whose total employee benefits (excluding employer pension costs) exceeded £60,000 in the financial period was:

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Jan - Dec 24 Apr 23 - Dec 23 Annualised Apr 23 - Dec 24
Between £60,000 and £70,000 2 - -
Between £70,000 and £80,000 - 1 -
Between £80,000 and £90,000 1 -
Between £90,000 and £100,000 - - 1
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Pension contributions for higher paid employees totalled £1k and was relevant to one (1 ) (Mar-23 1) employees. The total employee benefits including the cost of employers National Insurance of the Executive team of the Charity for Jan - Dec 24 is £436,985 (Apr - Dec 23 is £424,126). During the year, the charity made an exgratia payment of £11,164 to one employee in relation to a settlement payment for employee termination.

The average full time equivalent number of staff employed by the charity during the year was as follows:

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Jan - Dec 24 Apr 23 - Dec 23
No No
Prioritising Prayer 14.2 12.9
Mobilising Mission and Justice 3.1 3.3
Training and Developing Leaders 4.6 5.0
7.1 5.3
Support Staff
28.9 26.5
Average full time equivalent number of staff employed
36.8 33.7
The average number of staff employed (Headcount)
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Trustees’ Report and Financial Statements

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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Jan - Dec 24 Apr 23 - Dec 23
£ £
Interest in subsidiary undertaking at cost 1 1
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9) Analysis of Movement of Fixed Assets

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Fixtures, fittings
and equipment Total
£ £
Asset cost
Balance brought forward 36,437 36,437
Additions 7,392 7,392
Disposals (5,618) (5,618)
Balance carried forward 38,211 38,211
Depreciation
Balance brought forward 33,099 33,099
Charge for year 4,888 4,888
Disposals (5,618) (5,618)
Balance carried forward 32,369 32,369
Net book value
At 31st December 2023 3,338 3,338
At 31st December 2024 5,842 5,842
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10) Stocks

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Jan - Dec 24 Apr 23 - Dec 23
£ £
Merchandise goods 625 1000
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11) Debtors

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Jan - Dec 24 Apr 23 - Dec 23
£ £
Other debtors 140,361 79,000
Prepayments and accrued income 161,576 106,492
Trade debtors 2,546 856
304,483 186,348
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12) Short Term Investments

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Jan - Dec 24 Apr 23 - Dec 23
£ £
Short Term Investments 769,878 155,000
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Short term investments represent cash invested with a maturity date greater than 3 months. In the Financial Statements reported for 31st December 2023, these balances were included in “Cash at bank and in hand”.

The restatement of £155,000 reflects the nature of the funds which were held in fixed-term deposit accounts with maturities exceeding three months at the balance sheet date. As a result, the comparative figures for the period ended 31 December 2023 have been restated. This restatement has no impact on the total net assets, net movement in funds or the analysis of net assets between funds for the period ended 31 December 2023.

Trustees’ Report and Financial Statements

13) Creditors: amounts falling due within one year

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Jan - Dec 24 Apr 23 - Dec 23
£ £
Taxation and social security 20,557 26,690
Trade creditors 113,536 57,389
Other creditors 111,210 84,082
Amount owed to dormant subsidiary
1 1
undertaking - unpaid share capital
Accruals and deferred income 316,611 222,009
561,915 390,171
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14) Deferred Income

Income has been released in 2024 for advance tickets sales made in 2023 for the Wildfires 2024 festival and 2024 conferences. Income has been deferred in 2024 for advance tickets sales made in 2024 for the Wildfires 2025 festival and 2025 conferences.

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At 31st December 2023 Released in the year Deferred in the year At 31st December 2024
£ £ £ £
Training Courses and Conferences 114,470 114,470 8,445 8,445
73,185 73,185 219,482 219,482
Wildfires festival
Total deferred income 187,655 187,655 227,927 227,927
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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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Jan - Dec 24 Apr 23 - Dec 23
£ £
Due within 1 year - 787
Total - 787
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Trustees’ Report and Financial Statements 42

16) Funds Movement

Unrestricted and Designated Funds

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Net incoming / Balances at Balances at
Incoming Outgoing (outgoing) 31st December 31st March
resources resources resources Transfers 2024 2023
£ £ £ £ £ £
General Fund 1,075,328 (1,911,764) (836,435) 991,973 647,120 491,583
Designated Funds
1. Training and Development - - - - 774 774
2. Training Courses and Conferences 451,750 (403,894) 47,856 (37,127) 67,378 56,649
3. Mother House / Waverley 740 (40,034) (39,294) - 412 39,706
4. Prayer Spaces in Schools 20,392 (7,133) 13,259 - 16,017 2,757
5. OMS 75,672 (47,949) 27,722 10,000 68,256 30,534
6. Lectio 365 1,266,815 (203,611) 1,063,204 (1,050,000) 421,592 408,388
Total 1,815,369 (702,621) 1,112,748 (1,077,127) 574,429 538,808
Total Unrestricted Funds 2,890,697 (2,614,385) 276,312 (85,154) 1,221,549 1,030,391
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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 £50,000 on 31/10/24 for a transfer from Training Courses & Conferences to General Funds. Of this £12,873 was returned from General Funds to Training Courses & Conferences on 31/12/24.

Management also approved transfers of £175,000 on 1/1/24, £200,000 on 30/06/24, £50,000 on 31/07/24, £50,000 on of 31/08/24, £50,000 on 30/09/24, £350,000 on of 31/10/24 and £100,000 on 31/12/24, from Lectio 365 to General Funds.

Management approved the transfer of £10,000 on 31/5/24 from General Funds to OMS.

Transfers were also made of £30,000 on 30/6/24 and £20,000 on 31/12/24 from Designated Lectio 365 to Restricted 365.

A Transfer was also made of £25,000 on 31/12/24 from Designated Lectio 365 to Restricted Inner Room

On 31/12/2024 transfers were also made of £7,136 from General Funds to Restricted Wildfires and of £3,018 from General Funds to Resticted Inner Room.

Trustees’ Report and Financial Statements

The designated funds are:

Developing international initiatives and leaders
Tickets bought for training and events to promote prayer
Developing a centre of spiritual renewal and monastic community at Waverley Abbey House, UK. Waverley Abbey Trust is related to 24-7 Prayer by virtue of a partnership agreement, to help both charities fulfil their complimentary visions
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
The Order of Mustard Seed (OMS) is an ecumenical, lay-led, dispersed community of over 700 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
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

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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Net incoming / Balances at Balances at
Incoming Outgoing (outgoing) 31st December 31st March
resources resources resources Transfers 2024 2023
£ £ £ £ £ £
1. Students - - - - 181 181
2. International Development and Missions 12,382 (10,000) 2,382 - 74,440 72,058
3. Inner Room Prayer App 514 (42,408) (41,894) 28,018 - 13,876
4. Prayer Spaces in Schools 61,481 (18,859) 42,622 - 69,143 26,522
879,422 (888,833) (9,411) 7,136 37 2,312
5. Wildfires Festival
6. Lectio 365 177,842 (236,426) (58,583) 50,000 96,852 105,435
7. Bursaries - - - - 1,554 1,554
8. Mother House / Waverley 210 (4,409) (4,199) - 3,398 7,597
9. Operations 2,975 (3,000) (25) - (25) -
10. Youth 60,016 (9,921) 50,095 - 54,274 4,179
11. Prayer Room 51,993 (50,171) 1,822 - 1,822 -
Total 1,246,835 (1,264,027) (17,192) 85,154 301,677 233,715
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Trustees’ Report and Financial Statements

To help 24-7 Prayer’s work with students
For developing international initiatives and leaders
Inner Room is a free app that helps individuals all over the world to use their phones to pray
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
Wildfires is an annual festival that takes place each summer with the aim of facilitating a space where people can encounter God in prayer
Lectio 365 is to develop a free daily devotional resource that helps people pray the Bible every day
Bursaries is a fund to support leaders from other countries to attend 24-7 Prayer events
Mother House is for developing a centre of spiritual renewal and monastic community at Waverley Abbey House, UK. Waverley Abbey Trust is related to 24-7 Prayer by virtue of a partnership agreement, to help both charities fulfil their complimentary visions
Operations is towards the salary of a member of the Operations team
For youth initiatives
To promote physical prayer spaces

Previous year

Unrestricted and Designated Funds

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Net incoming/ Balances at Balances at
Incoming Outgoing (outgoing) 31st December 31st March
Resources Resources Resources Transfers 2023 2023
£ £ £ £ £ £
General Fund 491,826 (873,498) (381,672) 536,691 491,583 336,564
Designated Funds
1. Training and Development - - - - 774 774
2. Training Courses and Conferences 277,392 (253,284) 24,108 (20,000) 56,649 52,541
3. Mother House/ Waverley 7,382 (9,366) (1,984) (2,503) 39,706 44,193
- - - -
4. Prayer Spaces in Schools 2,757 2,757
5. OMS 33,539 (30,029) 3,510 - 30,534 27,024
6. Lectio 365 701,699 (70,000) 631,699 (670,000) 408,388 446,689
Total 1,020,012 (362,679) 657,333 (692,503) 538,808 573,978
Total Unrestricted Funds 1,511,838 (1,236,177) 275,661 (155,812) 1,030,391 910,542
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Trustees’ Report and Financial Statements

Restricted Funds

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Net incoming/ Balances at Balances at
Incoming Outgoing (outgoing) 31st December 31st March
Resources Resources Resources Transfers 2023 2023
£ £ £ £ £ £
1. Students - - - - 181 181
- -
2. International Development and Missions (14,307) (14,307) 72,058 86,365
3. Inner Room Prayer App 882 (17,262) (16,380) - 13,877 30,257
-
4. Prayer Spaces in Schools 55,410 (37,781) 17,629 26,522 8,893
-
707,957 (713,954) (5,997) 8,309 2,312
5. Wildfires Festival
6. Lectio 365 268,042 (348,660) (80,618) 145,000 105,435 41,053
7. Bursaries - (2,286) (2,286) - 1,554 3,840
8. Mother House/ Waverley 2,773 (2,503) 270 2,503 7,597 4,824
- - - -
9. Operations 2,275 (2,275)
10. Youth 5,618 (1,496) 4,122 - 4,179 57
Total 1,042,957 (1,140,524) (97,567) 155,812 233,715 175,470
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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.

Trustees’ Report and Financial Statements 46

17) Analysis of net assets between funds

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Unrestricted funds Restricted funds Total funds
£ £ £
Investments 1 - 1
Fixed Assets 5,842 - 5,842
Current Assets 1,777,621 301,677 2,079,298
Creditors: amounts falling due within one year (561,915) - (561,915)
1,221,549 301,677 1,523,226
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Previous Year

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Unrestricted funds Restricted funds Total funds
£ £ £
Investments 1 - 1
Fixed Assets 3,337 - 3,337
Current Assets 1,417,224 233,715 1,650,939
Creditors: amounts falling due within one year (390,171) - (390,171)
1,030,391 233,715 1,264,106
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Trustees’ Report and Financial Statements 47

18) Related Party Transactions

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

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Jan - Dec 24 Apr - Dec 23
Salary and Fees Expenses Pension Total Salary and Fees Expenses Pension Total
£ £ £ £ £ £ £ £
P Greig 25,300 247 822 26,369 17,632 790 386 18,808
B Russell - 2,223 - 2,223 - - - -
E Alberto 150 - - 150 150 - - 150
25,450 2,470 822 28,742 17,782 790 386 18,958
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C Kuchanny and P Greig have trustee roles with Waverley Abbey Trust, a charity with which 24-7 Prayer collaborates on common objectives. Donations totalling £15,993 were made to the charity by 5 trustees during the financial year (Apr 23 - Dec 23 £5,730 by 4 trustees). Expenses of £2,470 were paid to trustees during the financial year (Apr 23 - Dec 23 £790). Expenses relate to £2,358 for Travel and £112 for Subsistence (Apr 23 - Dec 23 £790 for Travel).

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

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Jan - Dec 24 Apr 23 - Dec 23
£ £
Net income for the period 259,120 178,094
Interest receivable (61,819) (27,535)
Depreciation and impairment of tangible
fixed assets 4,888 3,523
Decrease in stock 375 -
Loss of disposal of fixed asset
Decrease / (Increase) in debtors (118,136) 103,172
Increase in creditors 171,744 26,546
256,172 283,800
Net cash flow from operating activities
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Trustees’ Report and Financial Statements 48

20) Comparative Statement of Financial Activities

Including Income and Expenditure Account for the period ended 31st December 2023

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Notes Unrestricted Restricted Total Total
Funds Funds Apr- Dec 2023 Apr-Mar 2022
£ £ £ £
Income from:
Donations and similar income 3 1,328,701 606,583 1,935,284 3,292,904
Charitable activities 4 133,399 436,374 569,773 462,635
Other trading activities:
- sale of merchandise 22,203 - 22,203 22,797
Investments (Bank interest) 27,535 - 27,535 5,348
Total Income 1,511,838 1,042,957 2,554,795 3,783,684
Expenditure
Raising funds: 5
Cost of merchandise 44,747 - 44,747 44,321
Fundraising costs 93,188 - 93,188 78,514
Publicity costs 7,400 - 7,400 7,484
Charitable activities 6 1,090,842 1,140,524 2,231,366 3,433,437
Total resources expended 1,236,177 1,140,524 2,376,701 3,563,756
Net income / (expenditure) for the year 275,661 (97,567) 178,094 219,928
Gross transfers between funds (155,812) 155,812 - -
Net movement in funds 119,849 58,245 178,094 219,928
Reconciliation of funds
Total funds at 1st April 2023 910,542 175,470 1,086,012 866,084
Total funds at 31st December 2023 1,030,391 233,715 1,264,106 1,086,012
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Trustees’ Report and Financial Statements 49

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Trustees’ Report and Financial Statements 50

2024-12-31-accounts

Contents