REVIVAL MOVEMENT ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and flnancial statements for the year ended 31 December 2023. The accounts have been prepared in accordance with the accounting policies set out in note 1 to accounts and comply with the Charity's Memorandum and Articles of Association. Ihe Companies Act 2008 and '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) published in October 2019" ObJectlve8 and actlvltles The charity's objectives and principal activities are to print and distribute Christian publicatlons for both adults and children. Their aim is to print in multiple languages in order to asslst as many missionary organisations, churches and evangelists as possible in most countries of the world. The charity has many individual projects that help further their overall aims. The following are two examples of said projecls',- The charity has embarked on a major project with Every Home lor Christ to provide 20 million leaflets in Spanish. Portuguese, Creole and Dutch for distribution throughout Latin and Central America, including the Caribbean. These leaflets will be made up into packs and given to churches which will encourage members lo take a pack containing 52 leaflets, one leallet to be shared each week of the year. The charity is working in partnership with CEF in order to provide flashcard Blble lessons to be used In a major outreach worldwide involving Christmas party clubs. These are one-off children's events when millions of boys and girls are reached with the good news of the Gospel. The trustees have paid due regard to guldance Issued by ihe Charity Commission in deciding what aclivities the charity should undertake. The charity is appreciative of the efforts of its volunteers who are involved in service provision. It is estimated that over 4,500 volunteer hours were provided during the year. If this is conseNatively valued al £10.42 an hour, the volunteer effort amounts to £46,890. Achlevements and p8rfomiance The main area of charitable activity is the printing and distnbution of Christian literature. During 2023, 1,368 tonnes of paper were used in the production of literature. This produced 87 million pieces of literature.. 5,381,000 Gospels., 8,180.984 Scripture and Gospel booklet5- 72,618,000 Gospel tract5 and leaflets- 490.409 sets of Children's Bible Lessons., and 173,000 books. A total of 52 containers 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 2023 Flnanclal revlew During the current year the charity had a surplus of £401,358 with accumulated reserves of £4,201,626 erv The trusteesldirectors retain funds in the charitable company for the following reasons.. a) to finance the ongoing runnlng costs of operallons; and b) to provide funds available al short notice to finance the objectives of the charity and facilitate the plans for the future. The trusteesldirectors calculate that £1.054,445 of unrestricted reserves are required to finance annual running costs, in addition at any one time liquid funds of approximately £350,000 are required to finance the purchase of paper, which is ordered three months Sn advance. Unrestricted and undesignaled reserves are currently £4,200,092 and on the basis of the Informatlon above the tru5teesldlrectors are satisfied that this level of reserves is acceptable. In addition, there are £1,534 of restricted reserves. sofF The principal sources of funding are donations, gifts and legacies. The cash reserves have increased this year due lo a net inflow of resources In the year on operatlng activities. Surplus funds continue lo be held on short term deposit. AA The trusteesldirectors review the major risks to the charitable company on an ongoing basis. Income levels are regularly monitored and advised to contributors through the monthly newslelter. All transactions and projects are aulhcrised by trusteesldireclors, thereby minimising interna15 risks, Procedures are in place lo ensure compliance with health and safely of staff and volunteers, clients and visitors to the premises. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. 2024 marks the 75th anniversary of the commencement of the Revival MovementAssociation. It was founded in 1949 by Mr William Ernest Allen who slarled to publish booklets on the subject of Revival. The Every Home Crusade branch of the ministry subsequently began in 1960 and the organisation has grown steadily down through the years. To celebrate this milestone, a 75th anniversary conference and two anniversary dinners are planned, The charity is conducting a feasibility study regarding extending the factory at Kinallen wth the long-term viaw of changing machinery to increase production. structure, governance and management Governin Document The charity is a company limited 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 itsArticles ofAssociation. In the event of the company being wound up, members are required to contribute an amount not exceeding £1. REVIVAL MOVEMENT ASSOCIATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees, who ar8 also the directors for the purpose of company law, and who served during the year were: Samuel J Adams (Joint Chief Executive) W Clive Allen (Joint Chief Executive) J Paul Allen Heather Mercer (Mission Secretary) Austin Fitzsimmons David Watson Michael Verner Rodney Garnham Individuals are invlted to seNe as directorsltruslees on the basis of their abilities and background so as to achieve a balance between those from business, voluntary and charity sectors. Under the requirements of the Memorandum and Articles ofAssociation one third of the directorsltruslees retire each year and are eligible for re-election. Samuel Adams and Austin Filzsimmons are due lo retire by rotation and, being eligible, offer themselves for re-election. None of the trustees has any beneficial interesl 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 directorsltrustees of 8 members who meet regularly and are responsible for the stptegic direction 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 working on Ihe policies and structures within the organisation. The Mlssion Directors, Clive Allen and Samuel Adams, are responslble for the day to day operating declsions thin the factory. Heather Mercer, the Mlssion Secretary, a8 an Executlve Director. is consulted before decisions are made and is involv8d in administration and Is responsible for accounts. Most directorsltrustees ere already aware of the activities of the charity prlor to appointment. When invited to serve they are provided with details of the charlty's objectives and its day to day operations. The remuneration of key management 15 set using the same parameters as all other staff. which is based on the individual's length of Servi￿ to the charity. REVIVAL MOVEMENT ASSOCIATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 the The charity co-operates wth the following organisations in the pursuit of it8 charitable objectives.. ACTS Nigeria Child Evangelism Fellowship,. Biblemission., Bible Education Services-. Every Home for Christ., Interlink Missionary Agency., Mailbox Club- India Bible Literature.. China Tourist Ministries., Emmaus., Rock International., and Paul Williams (Romania) ststement of tru8tees' rg8ponslbllltle8 The trustees, who are also the directors of Revlval Movement Association for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. Company Law requires the trustees to prepare financial statement8 for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, oflhe ch8rilable company for that year. In preparing these flnanclal ststements, the trustees are requlred to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019 (FRS102)', make judgements and estimates that are reasonable and prudent., slate whether applicable UK Accountlng Standards have been followed, subject to any materlal departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate lo presuw£ that the charity will continue in operation. The trustees are responsible for keeplng adequate accounting records that disclose with reasonable accuracy at any tsme the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detaction of fraud and other Irregularilies. Audltor In accordance with the company's articles, a resolution proposing that Mccreery Turkinglon Stockman Ltd be reappointed as auditor of the company will be put at a General Meeting. Dlsclosure of Informatlon to audltor Each of the trustees has confirmed that there is no infomation of which they are aware which is relevanl to the audit, but of which the auditor is is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. REVIVAL MOVEMENT ASSOCIATION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 In Mrs. Heather Mercer Trustee Dated.. 28 May 2024