REVIVAL MOVEMENT ASSOCIATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 The trustee8 present their annual report 8nd financial statements for the year ended 31 December 2022. The accounts have been prepared in accordance with the accounting pollcles set out In note 4 to tIE accounts and comply with the charity's Memorandum and Articles of Associatlon, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparlng their accounts in accordance wlth the Financlal Reporting Standard applicable in the UK and Republlc of Ireland (FRS 1021 published in October 2019" Objectlves and actlvltles The charity's objectives and principal activities are to print and distribute Christian publlcations for both adults and children. Their aim is to print in multiple languages In order to assist as many missionary organisations, churches and evangelists as possible in most countries of the world. The charity has many indivldual projects that help further thelr overall alms. The followlng are two examples of said prolects'.- One of the charity's major partners Is the Mailbox Club whlch supplies booklets for students and Teachers Guides for those who are teachlng. Mailbox Club is working in most African countries in the English, French Portuguese, Swahlll and Amharic languages. The charity has been involved eSpeC￿allY in a prolect In South Sudan where the government has requested that all school pupils receive booklets volume 1 and 2 and Teachers Guides for school teachers. It Is estimated that there are 3 million students in s¢hoo18 In South Sudan. The charlly contlnues to work closely wlth BES which provldes weekly Blble study booklets and Teachers Guides, especially for Sunday School teachers. The charlty has been printing these in Engllsh, Fre￿h, Swahill and Arabic, They have major projects In Kenya, Tanzanla and Ethiopla. The trustees have pald due regard to guidance Sssued by the Charty Commission In deciding what activities the charity should undertake. The charity is appreclative of the efforts of Its volunteer8 who are involved in servlce provislon. It Is estimated that over 4,500 volunteer hours were provided during the year. If this is conservatively valued at £9.50 an hour, the volunteer effort amounts to £42,750. Achlevemonts and perfomiance The main area of charitable activity Is the prlnting and distributlon of Chrlstian literature. During 2022, 1,268 tonnes of paper were used in the production of Ilterature. This produced lust under 59 million pieces of Ilterature: 8,830,000 Gospels., 9,951,690 Scripture and Gospel booklets. 41,469,000 Gospel tracts and leaflets., 458,000 sets of Children's Bible Lessons., and 201,000 books. A total of 46 contalners were shipped to overseas countries, plus many pallets and parcels of literature. REVIVAL MOVEMENT ASSOCIATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 Flnanclal revlew During the current year the charity had a surplus of £371.762 with accumulated reserves of £3,800,266. The trusteesldirectors retaln funds in the charitable company for the followlng reasons: a) to finance the ongoing runnlng cost8 of operations., and b) to provide funds available at short notice to finance the objectives of the charity and facilitate the plan8 for the future, The trusteesldirectors calculate that £975,875 of unrestricted reserves are required to finance annual running costs, In additlon at any one tlme liquld funds of approxlmately £350,000 are required to finance the purchase of paper, whlch Is ordered three months In advance. Unrestricted and undesignated reserves are currently £3.799,251 and on the basis of the information above the trusteesldirectors are satisfled that this level of reserves is acceptable. In addition, there are £1,015 of restricted reserves, The prlncipal sources of fundlng ara donatlons, glfts and legacies. Due to the UkrainlanlRussian war, and the re8ultlng Increase In oll prices during 2022, paper prices have rl8en by approximately 70Vo, thereby increaslng printing costs. The situatlon was also exacerbated by the fact that most of the world's paper pulp comes from Ukraine and Russia. As oil prlces soared, so too did the Gharity's eleGtricity costs. The cash reserves have increased thls year due to a net inflow of resources in the year on operating activities. Surplus funds continue to be held on short term deposit. The trusteesldirectors revlew th& major risks to the charitable company on an ongoing basis. Income levels are regularly monitored an¢J advised to contributors through the monthly newsletter. All transactions and projects are authorised by trusteesldirectors, thereby minlmising intemals risks. Procedures are In place to ensure compliance with health and safety of staff and volunteers, cllents and vlsitors to the premises. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. The charity has decided to upgrade its oldest Muller Saddlestitcher to a 4 station machine. This more modern machine and in particular, the fourth feeder, will greatly assist in the production ofTeachers Guide8 for CEF. The charity has formed a new partnership with Bible VIsu8ls International and a Bible College in Papua New Guinea. These groups have devised a Bible based curriculum to be taught in schools in Papua New Guinea wllh different levels appropriate for each age group. The charity will be involved in the printing of vlsuals for children and teachers. These resources will be used in approximately 500 schools in Papua New Guinea.. structure, governance and management REVIVAL MOVEMENT ASSOCIATION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 ov The charity Is a company Ilmited by guarantee, incorporated on 9 January 1969. The company was established under a Memorandum ofAssociation which established the objects and powers of the charitable company and is governed under its Articles ofAssociation. In the event of the company being wound up, members are required to contribute an 8mounl not exceeding £1. The trustees, who are also the dir&ctors for the purpose of company law, 8nd who 8erved during the year were: Samuel J Adams (Joint Chief Executive) W Clive Allen (Jolnt Chief Executive) J Paul Allen Heather Mercer (Misslon Secretary) Austin Fitzsimmons David Watson Michael Verner Rodney Garnham (appolnted 7 June 2022) Individuals are invlted to serve as directorsltrustees on the basis of their abillties and background so as to achieve a balance ba￿een those from business, voluntary and charity sectors. Under the requirements of the Memorandum and Artlcles of Association one thlrd of the dlrectorsltrustees retlre each year and are ellgible for re-election. J Paul Allen, W CllveAllen and Heather Mercer are due to retire by rotatlon and, being eligible, offer themselves for re-eleclion. None of the trustees has any beneflcial Interest In the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. At present Revival Movement Association has a Board of dlrectorsltrustees of 8 members who meet regularly and are responsible for the strategic directlon and policy of the charity. From the Board there is a sub-committee of 5 members plus 3 staff representative, known as the Working Group, who are worklng on the pollcies and structures wlthin the organisation. The Mission Directors, Cllve Allen and Samuel Adams, are responslble for the day to day operating declsicns within the factory. Heather Mercer, the Mission Secretary, as an Executive Dlrector, is consulted before decisions are made and is Involved in administration and is responsible for accounts. Most directorsltrustees are already aware of the actlvities of the charlty prior to appointment. When invlted to serve they are provided with details of the chartty's objectives and Its day to day operations. The remuneration of key management is set using the same parameters as all other staff, which Is based on the individual's length of service to the charty. REVIVAL MOVEMENT ASSOCIATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 ion er Isa The charity co-operates with the following organisations In the pursuit of its charitable objectives.. ACTS Nigeria Child Evangelism Fellowshlp. Biblemission., Bible Education Services., Every Home for Christ., Interlink Missionary Agency: Mailbox Club., India Bible Literature., China Tourist Ministries., Emmaus., Rock International., CMI Aid Moldova; and Paul Williams (Romanla) Statement of trustees, responslbllltlog The trustees, who are also the director8 of Revlval Movement Associatlon for the purpose of company law, are responsible for preparing the Trustees, Report and the financl81 statements In accordance with applicable law and Unlted Kingdom Accounting Standards (Unlted Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financlal statements for each flnanclal year whlch give a true and fair view of the state of affalr8 of the charlty and of the incoming resources and application of resources, Including the income and expenditure, of the charilable company for that year. In preparing these financlal statements, the trustees are requlred to: select suitable accountlng pollcles and then apply them conslstently. observe the methods and princlples in the Charities SORP 2019