Charity registratlon number NIC101172 Company registration number N1007497 (Northern Ireland) REVIVAL MOVEMENT ASSOCIATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
REVIVAL MOVEMENT ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr. Samuel Adams Mr W C Allen Mr J PAllen Mrs. Heather Mercer Mr A Fitzsimmons Mr D Watson Mr Michael Verner Mr Rodney Gamham Secretary Mrs. Heather Merr Charity number NIC101172 Company number N1007497 Princlpal address 10 Kinallen Road Dromara Dromore Co Down N Ireland BT25 2NL Registered office 10 Kinallen Road Dromara Dromore Co Down N Ireland BT25 2NL Audrtor Mccreery Turkington Stockman Ltd 1 Lanyon Quay Belfast Co Antrim Northem Ireland BT13LG Solicitors McFadand Graham Mccombe 4143 Bachelors Walk Lisburn Co. Antrim BT28 1XN
REVIVAL MOVEMENT ASSOCIATION CONTENTS Page Trustees, report Independent audito¢s report Statement of financial activities 10 Balan sheet 11 Statement of cash flows 12 Notes to the financial statements 13-24
REVIVAL MOVEMENT ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS, 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 accounts have been prepared in accordance with the accounting policies set out in note 1 to ttr accounts and comply with the charity's Memorandum and Articles of Association. the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Finanaal Reporting Starmlard applicable in the UK and Republic of Ireland (FRS 1021 published in October 2019" Objectives and activities ec an The Charity's objectives and principal activities are to print and distribute Christian publications for both adults and children. Their aim is to prtnt 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 individual projects that help further their overall aims. The followrng are two examples of said projects... ibl Les For the past 15 years the charity has been printing flashcard Bible Lessons for CEF. During this time, they have printed over 4 million flashcard Bible Lessons. The lessons have been used in Good News Club but now CEF has developed a resource pack which gives additional materral for these Clubs, including memory verses, horuses and extra graphics. Each flashcard has now got an assoGiated resource pack. 2. MIES Founda ion The Charity has worked alongside MIES Foundation for the last eight years. MIES work in Caribbean countries and in South America, mostly in the Spanish language. The charity supplies them with large quantities of Spanish New Testaments, Gospels of John, children's Bible lessons and Gospel tracts. They also work in Cuba and the charity hopes to be able to ship at least one container load of Spanish literature to Cuba this year. Com liance with Chari Commission The trustees have paid due regard to guidance issued by the Charity Commission in deoding what activities the charity should undertake. se of Voluntee The charity is appreciative of the efforts of its volunteers who are involved in service provision. It 15 estimated that over 5,000 volunteer hours were provided during the year. If this is conservatively valued at £11.44 an hour. the volunteer effort amounts to £57,200. A¢hievements and performance The main area of charitable activity is the printing and distribution of Christian Irterature. During 2024, 1,505 tonnes of paper were used in the production of literature. This prodUd 84 million piece5 of literature- 5,372,000 Gospels., 7,877,842 Scripture and Gospel booklets; 69.428,000 Gospel tracts and leaflets,. 639,799 sets of Children's Bible Lessons- and 402,765 books. A total of 55 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 2024 Financlal review During the current year the charity had a deficit of £550,978 with accumulated reserves of £3,650,645 erv The trusteesldirectors retain funds in the charitable company for the following reasons.. a) to finance the ongoing running costs of operations. and b) to provide funds available at short notice to finance the objectives of the diarity and facilitate the plans for the future. The trustee51directors calculate that £1,075,810 of unrestricted reserve5 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 in advance. Unrestricted and undesignated reserves a currently £3,648,461 and on the basis of the information above the trusteesldirectors are satisfied that this level of reserves is acceptable. In addition, there are £2,184 of restricted reserves. Sources of Fundin The principal sources of funding are donations. gifts and legacies. The cash reserves have decreased this year due to a net ouffiow of resources in the year on operating activities. Surplus funds continue to be held on short temi deposit. Risk Mana emen 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 newsletter. All transactions and projects are authorised by trusteesldirector5. thereby minimising intemals risks. Procedures are in place to ensure compliance with health and safety 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. lans ure For many years Dr Sam Dohety, a fomier European CEF Director. has been involved in a writing ministry of Teachers, Manuals to encourage church workers as to how to teach the Gospel to boys and girls. He has also written a series of doctrinal lessons wth accompanying flashcards which have been translated and published world¥Mde. The ACEW Board and Dr Sam Doherty {98 years of age) have made an agreement with the charity for it to take all of their publications and use them as Revival Movement Association publications. This will give the charity a complete range of lessons for children and Teachers Manuals to be printed in multiple languages. Structurep governance and management rni 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 its Articles 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 2024 ste The trustees, who are also the directors for the purpose of company law, and who served during the year were: Samuel J Adams (Joint Chief Executs've) W Clive Alen (Joint Chief Executive) J Paul Allen Heather Mercer (Mission Secretary) Austin FitZ5immons David Watson Michael Verner Rodney Garnham Recrui men and tment Individuals are inviled to serve a5 directorsltrustees 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 of Association one third of the directorsltrustees retire each year and are eligible for re-ele¢tion. David Watson, Michael Vemer and Rodney Gamham are due to retire by rotation and, being eligible, offer themselves for reryelection. None of the trustees has any beneficial 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. nisa ional Structure At present Revival Movement Association has a Board of directorsnrustees of 8 members who meet regularly and are responsible for the strategic direction and policy of the charity. From the Board there is 8 sub-commtttee of 5 members plus 3 staff representative. known as the Working Group, who are working on the policies and structures wthin the organi5ation. The Mission Directors, Clive Allen and Samuel Adams, are responsible for the day to day operating decisions within the factory. Heather MerGer, the Mission Secretary, as an Executive Director. is consulted before decisions are made and is involved in administration and is responsible for accounts. Ind ction nd Trainin Most directorsltrustees are already aware of the activities of the charity prior to appointment. When invited to Serve they are provided with details of the charitys objectives and its day to day operations. era 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 charity.
REVIVAL MOVEMENT ASSOCIATION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 er isa The charity co-operates wth the following organisations in the pursuit of its charitable objectives.. ACTS Nigeria Child Evangelism Fellowship- Biblemission., Bible Education Services. Every Home for Christ; India Bible Literature. Interlink Missionary Agency- Mailbox Club-, China Tourist Ministries,. Emmaus: Rock International., Paul Williams (Romania)- MIES Foundation- Children's Vision Intemational (Columbia)", Diguna., Soma Biblia,. and Southern Africa Literature Trust statement of trustees, responsibilities The trustees, who are also the directors of Revival Movement Association for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statement5 in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming reSoUrS and application of resources, including the income and expenditure, of the charitable Company for that year. In preparing these financial statements. the tfustees are required 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. and prepare the financial statements on the going concem basis unless it is inappropriate to presurrE that the charity will continue in operation. The twstees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the Charity and enable them to ensure that the financial statemerts 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 detection of fraud and other irregularities. Audltor In accordan with the company's articles, a resolution proposing that Mccreery Turkington Stockman Ltd be reappointed as auditor of the company will be put at a General Meeting. Disclosure of infomiation to audltor Each of the trustees ha5 confirmed that the is no infomiation of which they a aware which is relevant to the audit, but of which the auditor is is unaware. They have further confimied that they have taken appropriate step5 to identify such relevant infomiation and to establish that the auditor is avRre of such infomiation. The tru5tees' report was approved by the Board of Trustees.
REVIVAL MOVEMENT ASSOCIATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 d JILaf Mrs. Heather Mercer Trustee Dated.. 10 June 2025
REVIVAL MOVEMENT ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF REVIVAL MOVEMENT ASSOCIATION Quallfled opinlon We have audited the financial statements of Revival Movement Association (the 'charity') for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet. the statement of cash flows and notes to the financial statements. induding significant accounts'ng policies. The financial reporting framework that has been applied in their preparation is applicable law and Untied 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. except for the possible effects of the matter described in the Basis for Qualified Opinion section of our report, the financial statements.. give a true and fair view of the stste of the charitable company's affairs a5 at 31 Dember 2024 and of its incoming reSoUrS and application of resources, including its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting practi,. and have been prepared in accordan with the requirements of the Companies Act 2006. Basis for qualified opinion With respect to the fixed assets, audit evidence in relation to property with a carrying value of £72,000 was limited. The property in question is a building in Nigeria that the charity purchased in the year ended 31 December 2015 in partnership with another charitable organisation based in Nigeria, with whom Revival Movement Association has worked for many years. The organisation is registered in Nigeria and is also linked to a UK charitable organisation. We were unable to obtain sufficient appropriate audit evidence regarding the valuation, existence and title to this asset a5 the legal process in still ongoing in Nigeria. We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditols responsibilities for the audil ol the financial slalemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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 qualified opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonTred, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity'5 ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilits'es of the trustees with respect to going concem are described in the relevant sections of this report.
REVIVAL MOVEMENT ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF REVIVAL MOVEMENT ASSOCIATION Other infonnatlon The trustees are responsible for the other infomiation. The other information comprises the infomiation included in the annual report, other than the financial slatements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and. expt to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibilty is to read the other infomiation and. in doing so, consider whether the other infomiation is materially inconsistent with the finanaal statements or our knowledge obtained in the audit or otherwise appears to be Materially misstated. If we identify such material inconsistencies or apparent material mi55tatements. we are required to determine whether there is a malerial misstatement in the finaneial statements or a material misstatement of the other information. 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. Oplnions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit- the information given in the trustees. report for the financial year for which the financial statements are prepared, which includes the directors. report prepared for the purposes of company law, is consistent with the financial statements. and the directors, report included wthin the tNstees' report has been prepared in accordance with applicable legal requirernents. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the d1CtOrS. report included within the trustees, report. In respect solely of the limitation on our work relating to the Nigerian propety described above= we have not obtained all the infomiation and explanations that we considered neSSary for the purpose of our audit. we were unable to determine whether adequate accounting records had been maintsined. 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-. the finanaal statements are not in agreement with the accounting records and returns" or certain disclosures of trustees, remuneration specified by law are not made. the trustees were not entitled to ppare the finanoal statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees. report and from the requirement to prepare a strategic report. Responsibilities of trustoes As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose 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 intemal control as the trustees detennine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic altemative but to do so.
REVIVAL MOVEMENT ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF REVIVAL MOVEMENT ASSOCIATION Auditorfs responsibillties for the audit of the financial statements Our objectives are to obtain reasonable assurance aboLrt whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditorfs 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 frorn 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 instan$ of non-compliance wrth 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. We gained an understanding of the legal and regulatory framework applicable to the charity and considered the risk of acts by the charity which were contrary to the applicable laws and regulations, induding fraud. These included but were not limited to, compliance with the Companies Act 2006, FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charits'es SORP (FRS102). We focused on laws and regulations that could give rise to material misstatements in the financial statements. Our tests included, but were not limited to- Agreement of the financial statement disclosure5 to the underlying supporting documentation,. Enquiries of management- Review of Trustee meetings throughout the period.. and Review of any transactions with. or COesponden wth, the charity's solicitors. We also communicated the relevant laws and regulations and potential fraud risk to the engagement team and remained alert to any indicalions of fraud or non-complian with laws and regulations throughout the audit. Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures described al)ove and the further removed non-compliance with laws and regulations is from events and transactions reflected in the finanGial statements. the less likely we are to become aware of it. As in all our audits, we address the risk of management override of internal controls including testing joumals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https:11 ww.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. A further description of our responsibiltties is available on the Financial Reporting Council's website at.. https.'Il www.frc.org.uk1auditorsSponSlb1lltle$. This description forms part of our auditorfs report. Use of our report Thi5 report is made solely to the company's members, as a body. in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone other than the company and the company's members as a body, for our audit work. for this report, or for the opinions we have fonned.
REVIVAL MOVEMENT ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF REVIVAL MOVEMENT ASSOCIATION Mr. Rlchard Mcclay (Senlor Statutory Audltor) for and on behalf of Mccreery Turkington Stockman Ltd 10 June 2025 Chartered Accountants statutory Auditor 1 Lanyon Quay Belfast Co Antrim Northern Ireland BT13LG
REVIVAL MOVEMENT ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 Notes 2023 Income and endowments from: Donations and legacies Charitable activities Investments Other income 1,682.041 153.178 7,829 122.255 1,101.693 2.783,734 153.178 7,829 122,255 2,621,543 160,322 1,449 89,474 985,134 3,606,677 160,322 1.449 89,474 Total income 1,965.303 1.101,693 3.066.996 2,872.788 985,134 3,857,922 Expenditure on". Charitable activities Other expenditure 2,519,014 1.101,043 3.620.057 (2,083) (2.083) 13 2,478,912 (6.963) 984,615 3,463,527 (6.963) Totsl expenditure 2,516.931 1.101,043 3.617.974 2.471,949 984,615 3,456,564 Net incomel(expenditure) and movement in funds (551,628) 650 {550.978) 400,839 519 401,358 Reconciliation of funds: Fund balances at 1 January 2024 4,200.092 1,534 4.201.626 3.799,252 1,015 3,800,267 Fund balances at 31 December 2024 3.648,461 2,184 3.650,645 4,200.092 1,534 4,201,626 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 10-
REVIVAL MOVEMENT ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets Current assets Stocks Debtors rash al bank and ID. hand 16 1.890.06b 1.928.736 14 15 340,374 130,005 1.476.617 442,513 66.131 1,995,576 Creditors: amounts falling due within oiie 'ear 1,946,996 2.504,220 17 (186,416) (231,330) Net rurreni assets 1.760.580 2,27?.,890 Total assets less current liabilities 3,650,645 4,201.626 Income funds Restricted funds Unrestricted funds 21 2.184 3.648,461 1,534 4.200,09?. 3,650,645 4.201,626 These financial statemer,ts have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. The accouri*s were iipproved and aulhorised fr)r issue by the Trustees on 10 June 2025 saL Mr. oamuel Adams Trustee Mr W C Atlen Trustee Corripany Registration No. N1007497 11
REVIVAL MOVEMENT ASSOCIATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating activitles Cash (absorbed by)Igenerated from operations 24 (407.627) 503,452 Investing activitles Purchase of tangible fixed assets Proceeds on disposal of tangible fixed assets Interest received (121,240) (160,267) 2,083 7,829 6,963 1,449 Net cash used in investing activities (111,328) {151,855) Financing activities Net cash used in financing activities Net {decrease)lincrease in cash and cash equivalents (518,955) 351.597 Cash and cash equivalents at beginning of year 1,995.573 1,643,976 Cash and cash equlvalents at end of year 1.476,618 1,995,573 12-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies Charity Information Revival Movement Associats'on is a private company limiied by guarantee incorporated in Northem Ireland. The registered office is 10 Kinallen Road. Dromara. Dromore, Co Down, BT25 2NL, N Ireland. 1.1 Accounting conventlon The accounts have been prepared in accordance wÉth the charivs Memorandum and Article5 of Association, the Companies Act 2006 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 Iland (FRS 102). (issued in October 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterfing, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nea$t £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set 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 to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their charitable objectives. Designated lunds are unrestrtcted funds eamarked by the trusteesldirectors for particular purposes. Restricted funds are subject to specific condition5 by donors or grantors as to how they may be used. The purposes and uses of the restricted fUTS are set out in the notes to the financial statements. Endowment fijnds are subject to speafic conditions by donors that the capital must be maintained by the charity. 1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recogni5ed once the charity has been notified of the donation, unless performan conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donated assets are induded in the Balance Sheet at their current value at the date of the gift and also induded in the Statement of Financial Activities as an incoming resour. Legacies are recognised on receipt 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. The charitable company benefrts from the involvement and enthusiastic support of its volunteers, details of which are given in the annual report. In accordance wth accounting standards, the economic contribution of general volunteers is not measured in the account5. 13-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles (Continued) Grants towards charitable activities are released to the SOFA as the related expenditure is incurred. 1.5 Resources expended All expenditure is accounted ft)r on an accruals basis and has been classified under headings that aggregate all costs relating to either charitable activities or govemance. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties. it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of resources. The allocation is based on the apportionment of wages and salaries between administration costs and production costs. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at C05t or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Freehold land and buildings Plant and equipment oirice Equipment 2%14% Straight Line 1 Ooh straight Line 20% Straight Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detennine whether there is any indication that those assets have suffered an impaimient Ios5. If any such Indatron exists. the recoverable amount of the asset is estimated in order lo determine the extent of the impairment loss (if any). 1.8 stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable. direct labour costs and those overhead5 that have been incurred in bringing the stocks fo their present location and condition. Items held for distribution at no or nominal consideration a measured the lower of rep1arnent cost and cost. Cost is calculated using first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. Net realisable value is the estimated selling pri less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 14-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.10 Financlal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instwments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan sheet when the charity becomes party to the contractual provisions of the instwment. Financial assets and liabilities are offset, the net amounts presented in the financial statements, when Ihere is a legally enforceable right to set off the recogni5ed amounts and there is an intention to settle on a net basis or to realise the asset and setue the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured al transaction price induding transaction costs and are subsequently carrted at amortised ¢ost using the effective interest method unless the arrangement constttutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic r Inancial liabilities Basic financial liabilities, including creditors and bank loans are initially COgnised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at 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 subsequently carried at amortised c05t, 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 classified as current liabilities if payment is due within one year or less. If not. they are presented as nOncUrrent liabiltties. Trade creditors are recognised initially and subsequently at transaction price. Derecognition of r Inancial liabilities Financial liabilities are derecognised when the charitys contractual obligations expire or are discharged or cancelled. 1.11 Taxation The charity is an exempt Charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass Ihe tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore meets the definitiion of a charitable company for UK corporation tax purposes. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.13 Retlrement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 15-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles (Contlnued) 1.14 Foreign exchange Transactions in foreign currency are translated into Sterling at the rate of exchange ruling at the date of the trar)saction. Assets and liabilities in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result. Critlcal accountlng estimates and Judgements In the application of the charity's a¢wunting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions a reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds fund5 2023 2023 Total 2024 2023 Donations and gifts Legacies receivable 1.274.594 407.447 1,101.693 2.376,287 407.447 1.786,548 834,995 985,134 2,771,682 834,995 1,682.041 1.101,693 2.783,734 2,621,543 985,134 3,8D6,677 Donated goods Tre charity benefits from the involvement and enthusiastic support of its volunteers, details of which can be found in the Annual Report. 16-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charitable activities Unrestricted funds 2024 Unrestricted funds 2023 Sales of Llterature Income from charitable activities 118,864 123,272 Offerings at Meetings Income from charitable activities 34,314 37,050 153,178 160.322 Income from investments Unrestricted Unrestricted funds funds 2024 2023 lntp.resl receivable 7,829 1,449 other income Unrestricted funds Total 2024 2023 Other Sncome Sale of Recyclable Goods Wind Turbine and Solar Panel Income 75th Anniversary rickets 29,541 83,019 9,889 17,213 72,256 122,255 89,474 17-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable activities 2024 2023 Staff costs Depreciation and impairment Printing Purchase of Literature Postage and Freight Boxes and Packaging Light, Heat and Power Repair5 and Maintenance Computer Costs Travel Equipment Hire BrazillNigeria Depot Expenses Donations 589.746 106,394 1,851.523 4,153 554,896 5,751 95,169 78,129 6.384 38,599 1,763 36,497 3,467 548,282 105,364 1,782,898 94,669 409,129 13,088 92,436 112,270 4,063 14,557 5.030 55,890 4,842 3,372.471 3,240,518 Share of support costs (see note 11) Share of govemance costs (see note 11) 215,678 31,909 192,345 30,664 3.620,057 3,463.527 Analysis by fund Unrestricted funds Restricted funds 2,519,014 1,101,043 3,620,057 For the year ended 31 December 2023 Unrestricted funds Restricted funds 2,478,912 984,615 3,463,527 Net movement in funds 2024 2023 The net movement in fijnds is stated after chargingl(crediting): Exchange losses Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets Profit on disposal of tangible fixed assets 1,314 11,434 159,912 (2.083) 1,028 11,413 157,060 (6,963) 18-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees rector st eRem n ration The following directorsltrustees received gross salaries. including overtime where applicable, in the year ended 31 December 2024: Samuel Adams £35,676 Clive Allen £23,166 Heather Mercer £25,218 The charitable company made pension ojntributions in respect of the following directorsltrustees i n the year ended 31 December 2024: Samuel Adams £1,177 Clive Allen £677 Heather Mercer £759 The legal authority for the payment of remuneration to directorsftrustees is the Charits Memorandum and Articles of Association. No other directorsltrustees. or persons connected to them. reiVed remuneration in the year. Director rustee Ex en5es In the year ended 31 December 2024, the charitable company reimbursed directorsltrustees a total of £1,702 in relation to travel expenses incurred in providing ServIS to the charitable company. 10 Employees The average number employees during the year YS. 2024 Number 2023 Number ManagemenUAdministration Operatives 23 23 Total 26 26 Employment costs 2024 2023 Wages and salaries Social security costs Other pension G05ts 625,944 48,538 18,438 583,067 42.556 15,115 692,920 640.738 There were no employees whose annual remuneration was more than £60.000. 19-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Support costs Support Governance costs osts 2024 2023 Basls of allocatlon Staff costs Depreciation Exchange Losses Insurance and Rates Printing. Stationery and Telephone Legal and Professional General Expenses 103,173 53,518 1,314 8,672 8.656 4.452 5,508 30.385 103,173 53,518 1,314 10,190 10.171 5.231 5,508 30.385 94,456 51,696 1,027 9,606 Wages 7.892 Wages 4.081 Wages 1,875 24,906 1.518 1.515 779 Audit fees Light, Heat and Power 11,434 16.863 11,434 16.663 11,413 16.057 Wages 215.678 31,909 247,587 223.009 Anaiysed between Charitable activities 215.678 31.909 247.587 223.009 Governano Gosts includes payments to auditors of £11.434 (2023 £11,413) for audit fees. 12 Taxation The charity is exempt from taxation on its actlvities because all its income is applied for charitable purposes. 13 Other Expenses 2024 2023 Net loss on disposal of tangible fixed assets (2,083) {6,963) (2,083) (6,963) 14 Stocks 2024 2023 Raw materials and consumables 340,374 442,513 -20-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 9,752 112,721 7.532 7,533 51,347 7.251 130,005 68,131 16 Tangible fjxed assets Freehold land and bulldings Plant and equipment Office Equipment Total Cost At 1 January 2024 Additions Disposa15 2,295.888 3.036,164 106,140 {37,768) 46,756 15,100 5,378,808 121.240 (37,768) At 31 December 2024 2.295.888 3,104,536 61,856 5,462,280 Depreciation and impaèrnient At 1 January 2024 Depreciation charged in the year Eliminated in respect of disposals T72.232 2,635,109 48.576 106.394 (37,768) 42,730 4,942 3.450.071 159,912 (37,768) At 31 December 2024 820,808 2,703,735 47,672 3,572,215 Carrying amount At 31 DeGember 2024 1.475.080 400,801 14.184 1.890,065 At 31 December 2023 1.523.655 401,054 4,027 1,928,736 17 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 10,818 142,791 4,048 28.759 11,941 168,886 21,645 28,858 186,416 231.330 21-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incomlng resources Resources expended At31 December 2024 General funds 4.200,092 1.965,303 {2,516,931) 3,648,464 Previous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 General funds 3,799.253 2,872.788 (2.471,949) 4,200,092 19 Retirement benefit scheme5 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 entire expense is allocated to unrestricted funds as are all employee expenses. The charge to profit or loss in respect of defined contribution schemes was £38,393 (2023 - £31,455) 20 Analysis of net assets between funds General Restricted Funds Funds 2024 2024 Total General Funds 2023 Restricted Funds 2023 Total 2024 2023 Fund balances at 31 December 2024 are presented by.. Tangible assets Current assetsl{liabilities) 1,890,065 1.758,396 1,890,065 1.760,580 1.928,736 2.271,356 1.928,736 1,534 2,272,890 2.184 3,648,461 2.184 3,650,645 4.200.092 1,534 4,201,626 The general reserve represents free funds of the charity which are not designated for particular purposes. -22-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Movement in funds Incoming Resources Balance at 31 resources expended December 2024 Balance at 1 January 2024 Children's Literature Fund Indian O,-phanages 1,097.773 (1,097,773) 3,920 (3,270) 1,534 2,184 1,534 1,101,693 (1.101,0431 2,184 Children's Literature Fund This fund seeks to provide CEF flashcards. teachers. manuals and children's devotional booklets to CEF workers in many parts of the world. It also supports the work of Bible Education Services by printing children's devotional booklets in a number of languages. Mailbox Club also benefits from this ftjnd, they have requesled three million children's Bible courses. In additicn, monies from this fund go towards printing Revival Movement's own children's tracts and publications and the Creation to Christ A3 Bible fla5hcards. Assi Children's Evan elists Vlorldwde ACE The charily has taken over the printing of more of the ACEW publiGation5 and these will become RMA publications. Indian Orphanages This fund represents monies donated for the purpose of helping orphanages in India. 22 Analysis of changes in net funds The charity had no material debt during the year. 23 Related party transactions Transactions with related parties During the year the charity entered into the following transactions with related parties: Services received 2024 2023 Other related parties 1,285 1,395 1.285 1,395 The services received consisted of cleaning seNices provided by Office Hero Ltd, a company owned by David Adams, son of trustee Samuel Adams The Services are provided under normal market conditions. At 31 December 2024 Ihere was no money outstanding. -23-
REVIVAL MOVEMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 24 Cash generated from operations 2024 2023 (Deficit)Isurpus for the year (550,978) 401,358 Adjustments for- Investment income recognised in profit or loss Gain on disposal of tangible fixed assets Depreciation and impaiment of tangible fixed assets (7,829) (2,083) 159,912 {1,449) (6,963) 157,060 Movements in working capital: Decrease in stocks (Increase)Idecrease in debtors (Decrease) in creditors 102,139 (63,874) (44,914) 56,087 49,075 (151.716) Cash (absorbed by)Igenerated from operations (407,62n 503,452 -24-