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← Eternal Wall of Answered Prayer

2024-12-31-accounts

Charity registration number 1173708 (England and Wales> Company registration number 10519554 ETERNAL WALL OFANSWERED PRAYER ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

ETERNAL WALL OF ANSWERED PRAYER

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees Elizabeth Anne de Leyser
Richard Molloy
Richard Davis
Gary Spicer
Thomas Evans (Resigned 9 July 2024)
Anthony Bannard-Smith
Paul Turner
Paul Manwaring (Appointed 12 December 2024)
Secretary Michael Ison
Charity Number 1173708
Company Number 10519554
Principal Address Courtyard 4
Coleshill Manor Office Campus
South Drive
Coleshill
England
B46 1DL
Registered office Courtyard 4
Coleshill Manor Office Campus
South Drive
Coleshill
England
B46 1DL
Auditor Dains Audit Limited
2 Chamberlain Square
Paradise Circus
Birmingham
B3 3AX
Senior Management Team Richard Gamble - Founder
Michael Ison - Chief Financial Officer
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ETERNAL WALL OF ANSWERED PRAYER CONTENTS Page Trustees. report Independent audiloffs report statement of finanual activities Balance sheet 9-10 statement of cash flows 11 Notes to the financial statements 12-23

ETERNAL WALL OF ANSWERED PRAYER TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statements for the year ended 31 December 2024. The financial slatements have been prepared in accordance with the accounting policies set oul in nole 1 to the financial statements and comply with the charity's goveming document. the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Objectives and activities The objectives of the charity are to.. Build a national landmark and visitor centre in the UK to promote, raise awareness and increase understanding of the Christian faith and in particular the importance of prayer. To help those that are in need by reason of their youth, age, ill health, disability, financial hardship, or other disadvantage. Main Activities The focus oflhe charity during this period was on= To put in place a pre contract services agreement {PCSA) our preferred main contractor to progress towards a fixed price construction contract. To work wilh a polenlial donor and agree funding to cover the costs of the PCSA. To identify and recruit an experienced Chief Operating offi￿r. To identify our future technology needs and create a number of Product Initialion Documents (PIDI which enable us to identify the scope of wotk required to ensure that the technology needs of the project are able to be put in place. To identify all sources of Answered Prayers and ensure they are compliant. consolidated and appropriately stored. To investigate the future of archiving and publishing of Answered Prayers. Continuing to run the organisation on a "very tighf operating budget. Public Benefit The Truslees confirm Ihal they have fulfilled their duty to have due regard to compliance wtlh the guidance on public benefit rules. Achievements and perfonnance A new Chief Operating offi￿rwaS appointed and will join the organisation on the 1stApril 2025. Obtained additional donations from High Net Worth Individuals. Temis, plans and processes of the PCSA phase of construction were agreed wtlh the main contractor and are currentty 750/0 completed. Plan was put in place for accreditation of the Answered Prayer archive. Product Initiation Documents were created and approved for each of the technology stream5. and a technology team and supplier appointed. 40,000 Answered Prayers now collected. "Vvhen We Prayed. podcast created remembering the King of England's call to pray in W2.

ETERNAL WALL OF ANSWERED PRAYER TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review The financial stalemenls cover the period 1 st January 2024 to 31 st December 2024. Income for Ihe period was £3,464,958 (2023: £2,627,087) and expenditure for the period was £1,575,277 (2023.. £2,409.8031. Cash and bank balan￿S held amounted to £353,721 12023.. £516,464) The Trustees consider the financial perfomiance in 2024 to be acceptable for the eighth year of operation. Principal Funding Sources Our main source of funding are donations. from individuals, corporations and other charities who share our vision for this project. There are a number of volunteers and organisalions who contribute lo Ihis projecl by giving their services free of charge forwhich we are very thankful. Investment Policy The trustees have a low-risk appetite for investments and any surplus funds are moved to a deposit account for a brief period until Ihey are required. Security of funds is the overriding requirement. Reserves Policy The value of reserves held at the 31st De￿mber 2024 were £5,475,647 (2023= £3.585.965). Of this, the free reseNes equaled lo £16,711 {2023= £2,137). The trustees have reviewed the level of required resenrfes and have conduded Ihal due to Ihe nature of this projecl and the implementation stage which the charity is in. no value can be assigned to the required level as all current and fulure funds are being used for the project. Trustees are reviewing the level of reserves in delail al Iheir meetings to ensure that there are sufficient funds prior to commencement of each stage of the project. Truslees will continue lo review the reserves position as the charity grows and the projecl moves inlo the construction phase and beyond. Further detail of Ihe reserves held can be found in the notes at the end of the accounts. Plans for Future Periods The major activities for fvture periods will be= Enter into a formal contract with a main contractor for the construction of the mobius strip at a fixed price. To appoint a contractor to construct a temporary vistlor centre and create the landscaping environment. To secure donations to support the capital works. To increase the rate of collection of answered prayers. To start on Ihe implemenlation of the technology requirements. Integrate the Chief Operations Officer into the organisation. Structure, governance and management Governing Document Eternal Wall of Answered Prayer is a Registered Charity and a Company Limited by Guarantee which also has a wholly owned subsidiary company. Etemal Wall {Operalions) Limited The Charity is govemed by its Memorandum and Artides of Association and was incorporated on 9th De￿mber 2016.

ETERNAL WALL OF ANSWERED PRAYER TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees, who are also the d1￿CtorS for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were= Elizabeth Anne de Leyser Richard Molloy Richard Davis Gary Spicer Thomas Evans Anthony Bannard-smith Paul Turner Paul Manwaring (Resigned 9 Juty 2024) (Appointed 12 De￿mber 2024} Trustee Recruitment. Appointmenc Induction and Training The recruitment and appointment of trustee's is based on the relevant skills and expertise that a person can bring into the trust. Potential trustees go through an intensive interview prO￿sS and any appointment is made in line with our Memorandum and Articles of Assouation. An induction process ensures that trustees are able to contribute at the eadiest opportunty and relevant training is given as required. Responsibilities of Trustees The Trustees are detemiined to ensure good practice is followed and are aware of their obligation lo follow and abide by charity and other relevant law. The trustees are responsible for preparing the Annual Report and Financial Statements in accordance with the applicable law and UK Accounting Standards. Company law requires the directors lo prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the charitable company, including the incoming in preparing these financial statements, the trustees are required to= Select suitable accounting policies and then apply them consistentty. ObseNe methods and prinuples in the charities SORP. Make judgemenls and estimates that are reasonable and prudent. Slate whether applicable UK Accounting Standards have been followed, subject to any material departure disclosed and explained in the financial statements. Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of Ihe charilable company and which enable them to ensure that the financial stalemenls compty with the Companies Act 2006. It is the responsibility of the trustees to also be responsible for safeguarding the assets of the charitable company and its subsidiary, for taking reasonable steps for the prevention and detection of fraud. to regularly review the risk regisler and lo hold the executive leam to account. Risk Management The organisation has an active risk management policy, and the risk register is regulady reviewed at trustees, meelings. Items discussed during the year included.. The need to keep costs wtthin agreed cost parameters. The risks to the organisation of appointing a main contractor. Organisational perfomiance The technology strategy Our risk management strategy will develop further as the organisation grows.

ETERNAL WALL OF ANSWERED PRAYER TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Organisational Structure The trust board meets a minimum of four times per year. The day to day running of the organisation has been delegated by the trust board to the Founder who has the support of an executive team to ensure operational activilies are efficient and effective. Our structure continues to develop as we grow and in response lo the changing demands ofthe project. Auditor In accordance with the company's articles. a resolution proposing that Dains Audit Limited be reappointed as auditor of the company will be put at a General Meeting. The Trustees, report was approved by the Board of Trustees. £fb_ Richard Davis Trustee Date.. 11th Juty 2025

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We have audited the financial statements of Wall of Answered Prayer (the 'Charitable Company') for the year ended 31 December 202 , which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, 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 Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

have been prepared in accordance with the requirements of the Companies Act 2006.

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 opinion.

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.

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. 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

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thereon. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

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

In the light of the knowledge and understanding of the Charitable 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 in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

As explained more fully in the Trustees’ Responsibilities Statement set out on page 3, the Trustees (who are also the directors of the Charitable Company for the purposes of company law) 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

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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 Auditors' 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 the 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the Charitable Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

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In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' 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 so that we might state to the Charitable Company’s members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Gurney FCCA (Senior Statutory Auditor)

for and on behalf of

Statutory Auditor Chartered Accountants Birmingham

Date:

ETERNAL WALL OF ANSWERED PRAYER CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Current financial year Unrestricted Restricted funds funds 2024 2024 Total Total 2024 2023 Notes Incorne and endowments from: Donalions and legacies Charitable activities Inveslments Other income 684,793 101 16,830 4,(￿6 2,758,208 3,443,001 101 16,830 5,026 2,595,607 500 25,292 5,688 960 Total income 705,790 2,759,168 3.464,958 2.627,087 enditure on: Raising funds 39,107 39,107 11,751 Charilable activilies 479,109 759,335 1.238,444 2,398,052 Other 12 297,725 297,725 Total expenditure 518,216 1.057,060 1.575,276 2,409,803 Net incoming resources before transfers 187,574 1,702,108 1,889,682 217,284 Gross transfers between funds (173,0001 173,000 Net income for the yearl Net movement in funds 14,574 1,875,108 1,889,682 217,284 Fund balances at 1 January 2024 2,137 3,583,828 3,585,965 3,368,681 Fund balances at 31 December 2024 16,711 5,458,936 5,475,647 3,585,965 The slatement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies V￿th the requirements for an income and expenditure account under the Companies Act 2006.

ETERNAL WALL OF ANSWERED PRAYER CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prior financial year Unrestricted Restricted funds funds 2023 2023 Total 2023 Notes Incorne and endowments from: Donalions and legacies Charitable activities Inveslments Other income 488,561 500 25,292 5,688 2,107,046 2,595,607 500 25,292 5,688 Total income 520,041 2.107,046 2.627,087 enditure on: Raising funds 11,751 11,751 Charilable activilies 548,908 1.849,144 2,398,052 Total expenditure 560,659 1.849,144 2,409,803 Net incoming resources before transfers 140,618) 257,902 217,284 Gross transfers between funds 20,000 120,000) Net income forthe yearl Net movement in funds 120,618) 237,902 217,284 Fund balances at 1 January 2023 22,755 3.345,926 3.368,681 Fund balances at 31 December 2023 2,137 3.583,828 3.585,965 10-

ETERNAL WALL OF ANSWERED PRAYER

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024

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Group Charity
Notes 2024 2023 2024 2023
£ £ £ £
Fixed assets
Tangible assets 1 5,206,87 3,096,304 5,206,87 3,096,304
Investments 1 - - 100 100
5,206,87 3,096,304 5,206,97 3,096,404
Current assets
Debtors falling due within one year 1 461,69 78,379 461,69 78,379
Cash at bank and in hand 353,721 516,464 353,721 516,435
815,4 594,843 815,4 594,814
Creditors: amount falling due within
one year 1 (540,81 ) (89,349) (540,81 ) (89,349)
Net current assets 274,60 505,494 274,60 505,465
Total assets less current assets 5,481,48 3,601,798 5,481,58 3,601,869
Creditors: amount falling due after
one year (5,83 ) (15,833) (5,83 ) (15,833)
Net assets 5,475,64 3,585,965 5,475,74 3,586,036
Income funds
Restricted funds 2 5,458,936 3,583,828 5,458,936 3,583,829
Unrestricted funds 16,71 2,137 16,81 2,207
5,475,64 3,585,965 5,475,74 3,586,036
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ETERNAL WALL OF ANSWERED PRAYER CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The Truslees acknowledge their responsibiif(ies for comp￿Ing with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordan￿ with the provisions applicable to companies subject to the small companies regime. The financial stalemenls were approved by the Truslees on 11th July 2025. £Th_ Richard Davis Trustee Company registration number 10519554 12-

ETERNAL WALL OF ANSWERED PRAYER CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating activities Cash generaled from operations 2,244,694 116,686 Investing activities Purchase of langible fixed assets Investment income received {2.414,267) 16.830 1859,2091 25,292 Net cash used in investing activities (2,397,437) {833,917) Financing activities Repayment of bank loans (10,000) (10.0001 Net cash used in financing activities (10,000) {10,000) Net decrease in cash and cash equivalents (162,743) {727,231) Cash and cash equivalents at beginning of year 516,464 1,243,695 Cash and cash equivalents at end of year 353,721 516,464 13-

ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity infonnation Eternal Wall of Answered Prayer is a charitable company limited by guarantee incorporated in England and Wales. The registered office is Courtyard 4, Coleshill Manor Office Campus, South Drive, Coleshill, England, B46 1 DL. Each of Ihe trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. 1.1 Accounting convention The financial statements have been prepared in accordan￿ with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities= Stalemenl 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) {effeclive 1 January 2019)" The charily is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is Ihe functional currency of Ihe charity- Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 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. Thus the trustees continue lo adopl the going concem basis of accounting in preparing ihe financial slatements. 1.3 Charitable funds Unreslricled funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject lo specific condilions by donors or granlors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entttled to it after any performance conditions have been met, the amounts can be measured reliabty, and it is probable that income will be received. Cash donalions are recognised on receipt. Other donations are recognised once the charity has been nolified of the donation, unless perfo￿anCe conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at Ihe lime of Ihe donation. Legacies are recognised on re￿Ipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants a￿ classified as relaling eilher to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected usefvl lrfe of the asset. Where part of a granl relating to an asset is deferred, it is recognised as deferred income. 14-

ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Donated professional ServI￿S and donated facilities are recognised as income when the charity has control over Ihe item, any conditions associated with the donated ilem have been met, the receipt of economic beneffi from the use by the charity of the item is probable and that economic benefil can be measured reliably. In accordance with the Charities SORP IFRS 102). the tr'me our volunteers give towards the project is not recognised in the accounts. Readers should refer to the trustees, annual report for more informalion about their contribution.. 1.5 Expenditure All expenditure is recognised On￿ there is a legal or constructive obligation to that expenditure, it is probable settlement is required and Ihe amount can be measured reliably. All cosls are allocated to the applicable expenditure heading ihal aggregale similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spenl, and depreciation charges allocated on the portion of the assel's use. Other support costs are allocated based on the spread of staff costs. Charilable expenditure comprises Ihose costs incurred by the charity in the delivery of its activilies and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs include central functions and have been allocated to activity cost categories on a basis consistenl wilh the use of resources, for example, allocating propety costs by floor areas, or per capita, slaff costs by the time spent and other costs by their usage. Govemance costs are attributable to Ihe charity's compliance with conslitulional and stalutory requirements, induding audit. strategic management and trustees's meetings and reimbursed expenses. Inlangible assets comprise intellectual propety. Such assets are defined as having infinite useful lives and no amortisation as been induded. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequentty measured at C05t or valuation, net of depre￿ation and any impaimient losses. Deprecialion is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold land Leasehold Improvments Assets under construction Over the tem of Ihe lease - 999 years 25 years straight line No depreciation The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds and the carrying value of the assel, and is recognised in the slatement of financial activities. 1.7 lrnpaimient of fixed assets Al each reporting end dale, the chartty rewews Ihe carying amounls of its tangible assets lo delemine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estr'mated in order to determine the extent of the impairment loss {rf any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other shorl-temi liquid investments with original malurities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 15-

ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Inslrumenls. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of tls financial instruments. Financial instruments are recognised in the charity's balan￿ sheet when the charity becomes party io the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the re￿gnised amounts and there is an inlention to settle on a net basis or lo realise the assel and settle the liability simullaneously. Basic financial assets Basic financial assets, which indude debtors and cash and bank balances, are initially measured at transaction price including Iransaction costs and are subsequentty carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the fijture receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are Initial￿ recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequentty carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not. Ihey are presented as non-Cu￿nt liabilities. Trade credttors are recognised initially al transaction price and subsequentty measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entrfement is recognised in the period in which the employee's ServI￿S are received. Temiinalion benefits are recognised immedialely as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due. 16-

ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting estimates and judgements In the application of the charity's accounting poliues, the trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabiltlie5 that are nol readily apparent from other sources. The estimates and associated assumptions are based on historical experien￿ and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies Unrestricted Restricted funds funds Total Unrestricled funds Restricted funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Donated goods and services Gift Aid tax reclaimed 667,340 2.713,584 3,380.924 472,583 2,066,524 2,539,107 44.624 44.624 17,453 40,522 40,522 15,978 17,453 15,978 684,793 2,758,208 3,443,001 488,561 2,107,046 2,595,607 Charitable activities Unrestricted Unreslricled Funds Funds 2024 2023 Book sales 101 500 Investments Unrestricted Unrestricted funds funds 2024 2023 Bank inlerest & other interesl receivable 16,830 25,292 17-

ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other income Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Totsl 2024 2023 Other income Other sales 4,041 25 960 5,001 25 5,155 533 5,155 533 4,(￿6 960 5,026 5,688 5,688 other income includes £5,000 employers allowance (2023 £5.000) Raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraisin and ublici Fundraising services Processing charges other fundraising costs 36,307 2,000 800 4,635 4,166 2.950 39,107 11,751 18-

ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable activities Build Build national national landmark landmark 2024 2023 Staff costs Depreciation and impaiment Rent Insuran Website development & maintenance Administralion expenses Marketing & publicty Professional, legal & accountsncy fees Planning fees Bank charges Computer So￿are and maintenance costs Subcontract costs Loan interest paid Light & heat Events Sundry expenses Recruitment costs Site maintenance Main aC￿sS road 120,893 5,970 34,453 4,310 16,300 5,978 139,182 616,276 41,727 1,251 6,439 232,482 534 3,156 2,291 18,986 5,668 206,636 3,480 23,990 3,131 36,276 5,338 178,502 373,146 27,201 1,333 8,484 159,725 779 1,685 47,009 22,500 4,232 4,784 126,3801 1.281,178 1.229,516 2.389,409 Share of Govemance costs (see nole 9) 8,928 8,643 1,238,444 2,398,052 Analysis by fund Unrestricted funds Restricled funds 479,109 548,908 759,335 1,849,144 1.238,444 2,398,052 19-

ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support Costs allocated to a¢tivities Total 2024 Totsl 2023 Governance 8,928 8,643 2024 2023 Governance costs comprise: Accountancy & audit fees Meeting expenses Companies House fee 8.575 285 68 8,500 117 26 8.928 8,643 10 Trustees None of the trustees, or any persons connected with them, received any remuneration or beneffts from the charity for performing the role of trustee during the year or in the prior year. 11 Employees The average monthly number of employees during the yearwas.. 2024 Number 2023 Number Marketing and administration Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 109,460 9,353 2,080 187,861 15,538 3,237 120,893 206,636 During the year, key management personnel re￿iVed total compensats'on of£117,80812023- £177,242). This includes amounts paid lo contractors. There were no employees whose annual remuneration was more than £60,000 (2023 - none). -20-

ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Other expenditure Restricted funds 2024 Restricted funds 2023 Nel loss on disposal of tangible fixed assets 297,725 13 Taxation The charity is a registered charity and is therefore exempt from taxation. 14 Pension Cornmittments Defined contribution schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge lo profil or loss in respecl of defined contribution schemes was £2,080 {2023 - £3,237}. Contributions totalling £586 {2023 £734) were payable to the fijnd at the balance sheet date and are included in creditors. 21

ETERNAL WALL OF ANSWERED PRAYER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15 Tangible Fixed Assets

Leasehold Land and Improvements
Consolidated
£
Cost
At 1st January 2024
1,806,720
At 31st December 2024
1,806,720
Depreciation
At 1st January 2024
5,607
Depreciation charge for the year
5,970
At 31st December 2024
11,577
Carrying amount
At 31st December 2024
1,795,143
Assets under construction
Consolidated
£
Cost
At 1st January 2024
1,295,191
Additions
2,414,267
Disposals
(297,725)
At 31st December 2024
3,411,733
Depreciation
At 1st January 2024
-
Depreciation charge for the year
At 31st December 2024
-
Carrying amount
At 31st December 2024
3,411,733
Total Tangible Fixed Assets
5,206,876		 Charity
£
1,806,720
1,806,720
5,607
5,970
11,577
1,795,143
Charity
£
1,295,191
2,414,267
(297,725)
3,411,733
-
-
3,411,733
5,206,876

The cost of assets under construction relates mainly to the cost of professional fees for the construction of the mobius strip.

ETERNAL WALL OF ANSWERED PRAYER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Subsidiaries

The charity owns 100% of the issued share capital in

Company
Investment at
Cost
£
Eternal Wall (Operations) Limited
100
100

Summarised financial results of Eternal Wall (Operations) Limited (Company Registration 10542521) are set out below and are included in the consolidated SOFA. There are no intercompany transactions:-

Turnover
Other income
Cost of sales
Other charges
Profit / (Loss)
Assets
Liabilities
Shareholders' funds		 2024
£
-
-
-
-
-
100
-
100		 2023
£
-
5,515
28
-
5,
128
(28)
100

ETERNAL WALL OF ANSWERED PRAYER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

==> picture [461 x 584] intentionally omitted <==

----- Start of picture text -----
1 Debtors
Consolidated Charity
2024 2023 2024 2023
Amounts falling due within one year: £ £ £ £
Trade debtors 2,54 2,54
Other debtors 448,993 7 , 1 448,993 7 , 1
Prepayments and accrued income 10,163 1,050 10,163 1,050
461,69 78,379 461,69 78,379
----- End of picture text -----

ETERNAL WALL OF ANSWERED PRAYER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

==> picture [465 x 140] intentionally omitted <==

----- Start of picture text -----
1 Loans and overdrafts
Consolidated Charity
2024 2023 2024 2023
£ £ £ £
Bank loans 15,83 25,833 15,83 25,833
15,83 25,833 15,83 25,833
Payable within one year 10,000 10,000 10,000 10,000
Payable after one year 5,83 15,833 5,83 15,833
----- End of picture text -----

The bank loan is unsecured and repayable over 6 years at an interest of 2.5% per annum.

1 Creditors: amounts falling due within one year

Bank loans
Other taxation, social security and pension
Trade creditors
Other creditors
Accruals and deferred income		 2024
2023
£
£
10,000
10,000
3,200
5,257
81,639
43,693
1,589
1,388
444,38
29,011
540,81
89,349
Consolidated		 2024
2023
£
£
10,000
10,000
3,200
5,257
81,639
43,693
1,589
1,388
444,38
29,011
540,81
89,349
Charity

Creditors: amounts falling after more one year:

Bank Loans 2024
2023
£
£
5,83
15,833
5,83
15,833
Consolidated		 2024
2023
£
£
5,83
15,833
5,83
15,833
Charity

The bank loan is unsecured and repayable over 6 years at an interest of 2.5% per annum.

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ETERNAL WALL OF ANSWERED PRAYER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Related party transactions During the year the charity enlered into the following transactions wf(h related parties= Richard Gamble Payments were made to R & S Gamble Consultancy, which is a business partnership part owned by Richard Gamble in respect of consultancy services supplied to the charity of £84,118 12023 £87,067) of which fees were £81,112 (2023 £82,838) and disbursemenls were £3,006 (2023 £4,228). At Ihe balance sheel date the amount due to R & S Gamble Consultancy was £Nil {2023 £2371. Michael Ison Payments were made to Ison Management servI￿s Ltd, which is a company that Michael Ison owns 500/0 of the issued share capital and supplied accounting, finance and management support to Ihe charity, of £33,519 12023 £35,044) of which fees were £32.975 12023 £34.877) and disbursements £544 {2023 £1671 At the balance sheet date the amount due to Ison Management Services Ltd was £2,322 (2023 £4,688). Gary Spicer & Paul Manwaring Donalions of £2,982,584 (2023 £491,000) were received from Imagine The Day Limiled a registered charily and company limited by guarantee where Gary SpI￿r and Paul Manwaring are trustees. This included a restricted donation of £2,670,584 (2023 £179.0001 towards construction costs and £312,000 {2023 £312,000) towards operating costs. At the balance sheet date donations of £337.003 12023 £Nil) were accruing to the charity. Donations received without conditions During the year the charity re￿iVed donations without conditions from related parties totalling £3,520 (2023 £251.300). Analysis of changes in net funds At 1 January 2024 Cash flows Other non-cash At 31 December changes 2024 Cash at bank and in hand 516.464 (162,743) 353,721 Loans falling due within one year Loans falling due after more than one year (10,000) (15.833) 10,000 {10,0001 10.000 {10,000) 15,833) 490.631 (152,743) 337,888 -29-

Eternal Wall of Answered Prayer- Consolidated Accounts for the Year Ended 31st December 2024 Final Audit Report 2025-07-14 Created.. 202M7-11 By.. ML£lone Wardrynth Limited IAcu)unts@MCGLONE-WARDZYNSKI.COM} Status.. Signed Transaction ID.. CBJCHBCAABAARGnwh2XJSLG6gV6ni5UGVLe9PmgL99c4 "Eternal Wall of Answered Prayer - Consolidated Accounts for th e Year Ended 31 st December 2024" History Document created by McGlone Wardzynski Limited (Accounts@MCGLONE-WARDZYNSKI.COM) 2025-07-11 - 09..45'.47 GMT- IP address: 94.228.44.8 McGlone Wardzynski Limited {Accounts@MCGLONE-WARDZYNSKI.COM) set a password to protect the signed document. 2025-07-11 - 09.'45.'47 GMT Document emailed to dickie@eternalwall.org.uk for signature 2025-07-11 - 09.'46.'59 GMT Email viewed by dickie@eternalwall.org.uk 2025-07-11- 21'.36'.51 GMT- IP address= 140.248.40.25 Email viewed by dickie@etemalwall.org.uk 2025-07-12- 14'.32'.21 GMT- IP addre&8= 104.28.40.142 Signer dickie@eternalwall.org.uk entered name at signing as R R Davis 2025-07-12- 14..36..27 GMT- IP address= 104.28.40.85 Document e-signed by R R Davis (dickie@eternalwall.org.uk) Signature Date: 202M7-12- 14'.36'.29 GMT- Time Sour￿. server- IP addre&s'. 104.28.40.85 Document emailed to mgurney@dains.com for signature 2025-07-12- 14.'36.'31 GMT Email viewed by mgurney@dains.com 2025-07-14 - 08'.25'.09 GMT- IP address= 13.43.19.144 Pth¥ered by Adobe Acrobat Sign

Signer mgurney@dains.com entered name at signing as Mark Gumey 2025-07-14- 08'.25'.40 GMT- IP address= 64.38.106.179 Document e-signed by Mark Gurney (mgurney@dains.com) Signature Dale: 202M7-14- 08:25:42 GMT- Time &xlr￿. server- IP address.. 64.38.106.179 Agreement completed. 2025-07-14- 08.'25.'42 GMT Pth¥ered by Adobe Acrobat Sign