Annual Report and Financial Statements for the Year Ended 31 December 2024
Prayer For The Nations
Charity registration number: 326994
Independent Examiners Ltd The Grain Store Hills Barns
Appledram Lane South Chichester West Sussex PO20 7EG
PRAYER FOR THE NATIONS
CONTENTS
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 13 |
PRAYER FOR THE NATIONS
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees Lady Susan Sainsbury (resigned 30 July 2025) Rev Douglas Williams Mr Jamie Anderson Mr Andrew Chua Dr Agnes Sullivan (appointed 30 July 2025) Charity Registration 326994 Number Principal Office PO Box 15027 London SE5 0YS Independent Examiner G W Schulz FCMA Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG Bankers Lloyds Bank 98 Victoria Street London SW1E 5JL
Trustees
Page 1
PRAYER FOR THE NATIONS
TRUSTEES' REPORT
The Trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024.
Structure, governance and management
Nature of governing document
Prayer for the Nations is a registered charity, number 326994, and is constituted under a Trust deed.
Recruitment and appointment of Trustees
New Trustees are elected by the Board periodically. New Trustees are provided with historical charity documentation and referred to the Charity Commission website for guidance and publications that are relevant on becoming a Trustee.
Organisational structure
The Trustees are responsible for the general strategic direction, governance and financial viability and control. They monitor the activities of the Trust through regular reports, management accounts and approval of major items of expenditure. The Trustees meet annually, or more frequently if necessary.
Risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Objectives and activities
Objects and aims
The object of the charity is the promotion of the Christian faith by such charitable means as the Trustees in their absolute discretion shall think fit. The principal activity is prayer and teaching people to pray more effectively.
Public benefit
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Prayer For The Nations (PFN) works from the UK however the ministry is international. Since its founding, under the leadership of Rod & Julie Anderson, PFN has been in the vanguard of expanding the strategic frontiers of prayer by hosting prayer gatherings, and teaching seminars & conferences, to promote:
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The vision - Raising Christians in confident prayer.
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The mission - Training God's people in biblical accuracy, prophetic insight, intimate worship, and informed intercession.
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The commitment - Sustaining regular intercession for the nation, government, the Church, families and the media.
Page 2
PRAYER FOR THE NATIONS
TRUSTEES' REPORT (CONTINUED)
We facilitate the Deborah Company UK, a gathering of leaders and ladies who maintain Christian values in society. Prayer is facilitated through the Deborah Company UK Prayer Courts meetings. Teaching videos are available to our supporters on our YouTube channel.
During 2022 our founder and CEO, Julie Anderson, suffered a traumatic brain injury, which compelled the charity to limit its activities to online meetings. Sadly, she passed away in March 2025, and the Trustees are now considering the best way forward to further our charitable objective, which is to advance the Christian faith.
Prayer for the Nations has continued to build on strong links with two other charities: The Prayer Foundation (1123018) and Commonwealth Christian Fellowship (8011342).
Financial review
Policy on reserves
The Trustees have determined that, in line with their belief that God provides for the work to which He calls His people, no reserves should be maintained for the work of the charity.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Page 3
PRAYER FOR THE NATIONS
TRUSTEES' REPORT (CONTINUED)
Statement of Responsibilities (within Trustees Report)
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the Trustees of the charity on 24 September 2025 and signed on its behalf by:
......................................... Rev Douglas Williams Trustee
Page 4
PRAYER FOR THE NATIONS
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRAYER FOR THE NATIONS
I report to the Trustees on my examination of the accounts of Prayer For The Nations for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity Trustees of Prayer For The Nations you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Prayer For The Nations's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Prayer For The Nations as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... G W Schulz FCMA Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG
24 September 2025
Page 5
PRAYER FOR THE NATIONS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 10,540 Charitable activities 38,607 Total income 49,147 Expenditure on: Charitable activities 48,121 Total expenditure 48,121 Net income/(expenditure) 1,026 Net movement in funds 1,026 Reconciliation of funds Total funds brought forward 894,138 Total funds carried forward 10 895,164 |
Total 2024 £ 10,540 38,607 49,147 48,121 48,121 1,026 1,026 894,138 895,164 |
Total 2023 £ 14,674 54,468 |
|---|---|---|
| 69,142 | ||
| 69,629 | ||
| 69,629 | ||
| (487) | ||
| (487) 894,625 |
||
| 894,138 |
The notes on pages 8 to 13 form an integral part of these financial statements. Page 6
PRAYER FOR THE NATIONS
BALANCE SHEET AS AT 31 DECEMBER 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 7 | 1,300,000 | 1,300,000 |
| 1,300,000 | 1,300,000 | ||
| Current assets | |||
| Debtors | 8 | 230 | 3,430 |
| Cash at bank and in hand | 7,871 | 5,145 | |
| 8,101 | 8,575 | ||
| Creditors: Amounts falling due within one year | 9 | (412,937) | (414,437) |
| Net current liabilities | (404,836) | (405,862) | |
| Net assets | 895,164 | 894,138 | |
| Funds of the charity: | |||
| Unrestricted income funds | |||
| Unrestricted funds | 895,164 | 894,138 | |
| Total funds | 10 | 895,164 | 894,138 |
The financial statements on pages 6 to 13 were approved by the Trustees, and authorised for issue on 24 September 2025 and signed on their behalf by:
......................................... LMA AaDe Rev Douglas Williams Trustee
The notes on pages 8 to 13 form an integral part of these financial statements. Page 7
PRAYER FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Prayer For The Nations meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Gift aid
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
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PRAYER FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities 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.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
No depreciation is provided on freehold property as it is the trustee's policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets are subject to annual impairment reviews. Provision will be made if there has been any permanent diminution in value.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Asset class Freehold property
Depreciation method and rate None
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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PRAYER FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Liabilities
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees discretion in furtherance of the objectives of the charity.
2 Income from donations and legacies
| Donations and legacies; Donations to major appeals Gift aid reclaimed Other income from donations and legacies |
Unrestricted funds General £ 9,150 1,390 - 10,540 |
Total 2024 £ 9,150 1,390 - 10,540 |
Total 2023 £ 11,728 2,146 800 |
|---|---|---|---|
| 14,674 |
3 Income from charitable activities
Rental income
| Unrestricted funds General £ 38,607 |
Total 2024 £ 38,607 |
Total 2023 £ 54,468 |
|---|---|---|
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PRAYER FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)
4 Expenditure on charitable activities
| Note Calais street expenses Telephone Insurance Mortgage interest Miscellaneous Legal and professional fees Independent examination Grant funding of activities 5 |
Unrestricted funds General £ 22,738 875 963 - 701 744 2,100 20,000 48,121 |
Total 2024 £ 22,738 875 963 - 701 744 2,100 20,000 48,121 |
Total 2023 £ 11,805 793 1,153 321 234 3,223 2,100 50,000 |
|---|---|---|---|
| 69,629 |
5 Grant-making
Analysis of grants
Grants
| **Grants to ** | institutions |
|---|---|
| 2024 | 2023 |
| £ | £ |
| 20,000 | 50,000 |
6 Trustees remuneration and expenses
No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No Trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 11
PRAYER FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)
| 7 Tangible fixed assets Cost At 1 January 2024 At 31 December 2024 Depreciation At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 8 Debtors Accrued income 9 Creditors: amounts falling due within one year Other loans Due to group undertakings Other creditors Accruals |
Land and buildings £ 1,300,000 |
Total £ 1,300,000 1,300,000 - 1,300,000 1,300,000 2023 £ 3,430 |
||
|---|---|---|---|---|
| 1,300,000 - |
||||
| 1,300,000 | ||||
| 1,300,000 | ||||
| 2024 £ 230 2024 £ 66,391 338,303 1,550 6,693 412,937 |
||||
| 2023 £ 69,991 342,041 1,445 960 |
||||
| 414,437 |
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PRAYER FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)
10 Funds
| 10 Funds | ||||
|---|---|---|---|---|
| Unrestricted funds General General Funds Unrestricted funds General General Funds |
Balance at 1 January 2024 £ 894,138 Balance at 1 January 2023 £ 894,625 |
Incoming resources £ 49,147 Incoming resources £ 69,142 |
Resources expended £ (48,121) Resources expended £ (69,629) |
Balance at 31 December 2024 £ 895,164 |
| Balance at 31 December 2023 £ 894,138 |
11 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 1,300,000 8,101 (412,937) 895,164 Unrestricted funds General £ 1,300,000 8,575 (414,437) 894,138 |
Total funds at 31 December 2024 £ 1,300,000 8,101 (412,937) |
|---|---|---|
| 895,164 | ||
| Total funds at 31 December 2023 £ 1,300,000 8,575 (414,437) |
||
| 894,138 |
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