Scottish Charity No.SC050246
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| 24-7 Prayer Scotland SCIO
Trustees’ Report and Financial Statement For the year ended 31 March 2025.
24-7 Prayer Scotland SCIO
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Contents of the Financial Statements for the year ended 31 March 2025
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| Report oftheTrustees | 2 | |
| Report ofthe independent Examiner | 4 | |
| Receipts and Payments Account | 5 | |
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| Statement of Balances | 6 | |
| NotestotheFinancialStatements | 7 |
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24-7 Prayer Scotland SCIO
Report of the Trustees for the year ended 31 March 2025
The Trustees are pleased to present their report together with the financial statements of the charity for the year to 31 March 2025.
Status of Charity and Governing Document
24-7 Prayer Scotland SCIO was established by Constitution on 26" June 2020. It is a registered Scottish Charitable Incorporated Organisation (SCIO) No. SC050246.
Address
Bank
CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ
Independent Examiner
John C Chessor,MA CA, 47 Hillside Crescent, Westhill, AB32 6PA .
Charitable Purpose
The purpose of the charity is the advancement of religion in particular, the Christian faith.
Trustees
The Trustees who served throughout the year and to the date of this report were as follows:
Appointment of Trustees
New Trustees are nominated for appointment by the existing Trustees.
Unless otherwise agreed, a Trustee shall hold office for a period ending on the fifth AGM following their appointment. A Trustee must not hold office continuously for more than eight years. As part of their induction programme, new Trustees are required to understand their statutory responsibilities. Trustees met regularly throughout the year.
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Activities and Achievements
Financial Review
The Trustees received donations amounting to £6,755 (2024: £6,183) from individuals and churches during the year to 31 March 2025. We received donations of £1,431 for our national gatherings. We also received a grant of £4,000 from 24-7 Prayer International. We applied for a number of grants during the year and were awarded £17,500 from external bodies. This is for the purpose of employing staff. During the financial year we began employing Rachel Dhillon as Co-ordinator on one day per week. This required setting up payroll and a pension scheme.
Costs of charitable activities amounted to £13,611 (2024: £7,854) leaving a balance of unrestricted funds of £28,433 (2024: £8,983) on 31 March 2025. The Trustees are grateful for financial support from individuals and churches during the year.
Reserves
The Trustees continue to seek to build funds to enable the charity to employ staff to develop the work of 24-7 Prayer in Scotland. Considerable success has been achieved with pledges, but we need more funds to allow us to progress this plan. Reserves held at the year-end are sufficient to cover immediate costs anticipated in 2025/26.
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Dated 1211/26 ,
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24-7 Prayer Scotland SCIO
independent Examiner’s Report for the year ended 31 March 2025
| report on the accounts of 24-7 Prayer Scotland ale) (SCO50246) for the year ended 31 March 2025 which are set out on pages 5 to 7.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of ; the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
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24-7 Prayer Scotland SCIO
Financial Statements for the year ended 31 March 2025
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|Receipts|and|Payments|Report|.|
|Unrestricted|| Restricted|Total 2025|Total 2024|.|
|Funds|Funds|
|£|£|£|£|
|Receipts|||||
|Donations|from|2,980|2,980|6,183|
|Individuals|.|
|Donations|from|Churches|3,775|-|3,775|
|and|Faith|Organisations|
|nasa]|1,431|2,968|
|Auction|Collection|P||3,342|3,342|1,080|
|Grant from|24/7|Prayer|4,000|4,000|3,000|
|International|
|Grants for external|bodies|17,500|Po|17,500|PF|
|BankinterestRecewed|||—32||||||
|[miscellaneous|{||tfEt|
|Total|Receipts|29,719 ||3,342 ||33,061|13,243|
|payments||||||
|Charitable|Activities|10,269|3,342|13,611|7,854|
|Total|Payments|10,269]|3,342]|13,621|7,854|
|Surplus for the year|19,450 ||19,450 ||5,389 ||
|Balance|B/f|8,983|1,080|10,063|4,674|
|Balance|C/f|28,433|||1,080|29,513|||10,063|
|Funds Summary|
|Balance|||Receipts|||Payments|||Balance|
|1/04/24|31/03/25|
|General|Fund|8,983|29,719|10,269|28,433|
|Restricted|Fund|— Gathering|Auction|1,080|3,342|3,342|1,080|
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Statement of Balances at 31 March 2025
Bank Balance
2025 2024 £ £ 29,513 10,063
Signed on behalf of the Trustees on
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24-7 Prayer Scotland SCIO
Contents of the Financial Statements for the year ended 31 March 2025
A Accounting Policies
Accounting Convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Charities Accounts (Scotland) Regulations 2006.
Basis offinancial statements
The financial statements have been prepared on a receipts and payments basis.
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2. Transactions with Trustees
No trustees received reimbursement of expenses from the Charity.
3. Funds
Unrestricted Funds are monies that the Trustees can use for the general purpose of the charity without restriction.
Restricted Funds have to be used for the purpose for which the Donor specified when making the donation. The Restricted Funds in these Accounts refer to the 24-7 Prayer Auction at the Gathering in October 2023 Belfast for the wider work of 24-7 Prayer beyond Scotland.
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