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← New Wine Trust

2024-12-31-accounts

, ANNUAL REPORT 2024 ort and Accounts for year ended 31 December 2024 Charity Registrèiion ND. 1084415 Company Regisiration No. 04126583 (England and Wale5) Newwine

CONTENTS TRu￿EES. ANNUAL REPORT OUR VISION REVIEW OF ACTIVITIES PLANS FOR FUTURE PERIODS STRUCTURE. GOVERNANCE & MANAGEMENT RISK FACTORS 12 FINANCIAL REVIEW 14 STATEMENT OF TRUSTEES. RESPONSIBILITIES 16 INDEPENDENT AUDITOR'S REPORT 17 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES 21 CONSOLIDATED AND CHARITY BALANCE SHEETS 22 CONSOLIDATED AND CHARITY STATEMENT OF CASHFLOWS 23 NOTES TO THE ACCOUNTS 24

NEWWINE TRUST: TRUSTEES. ANNUAL REPORT2024 OUR VISION 3. Multiplying Churches- supporting church plants. revitalisations. and pioneering expressions of church in diverse contexts Newwine is a network of leaders and a family of churches, passionate about equipping Spirit-filled disciples to bring transformation in every community, in every context. and in every country. These priortties are shaped by our core DNA and values: Our vision is to see= A commitment to Word + Spirit theology & practice A culture of relational generosity A deep belief in the local church and her leaders A centred-set and non-denominational approach A commitmentto gender equality and diversity Churches alive with the presence and power of God, overflowing with love. hope, and joy into their communities Leaders and disciples formed through Word and Spirit, living out their faith in practice We are a network that believes transformation comes through the local church. and we are committed to seeing leaders. churches. and communities equipped to live outthe Kingdom of God in everyday life. A growing, intergenerational and international family, unified by relational generosity and a shared belief in the local church CHARITABLE OBJECTIVES & PUBLIC BENEFIT A Church that leads the way in accessible ministry, empowering all people to belong. setve. and lead Newwine has three core charitable objectives: 1. To promote the advancement of the Christian faith in England and, where imiited, throughout the world New expressions of church being planted, pioneered, or grafted forthe sake of those who don't yet know Jesus 2. To equip churches to grow and express the Kingdom of God HOW WE PURSUE THIS VISION 3. To see the nation transformed through Spirit-filled Christians and churches living out the joy. love, and mission of Jesus Christ We pursue this vision by focusing on three strategic priorities: 1. Equipping Leaders- investing in current and emerging leaders through training, mentoring. gatherings, and practitioner4ed ministry The trustees confimi that they comply with the Charities Act 2011 by considering public benefit guidancefrom the Charity Commission. 2. Empowering Younger Generations- raising up children. youth, and young adultsto knowjesus and lead with courage and conviction 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 bythe Charity Commission for England and Wales.

LEADERSHIP & STRATEGIC DIREcfioN 2. Reimagine the festiwal- building a gathering that is sustainable, Spirit-led, and fit for the future 2024 was a year of consolidation and fresh momentum under the leadership of Rich Johnson as New Wine's National Leader. Following the leadership transition in 2023, Rich has continued to guide the organisation into a newchapter marked by spiritual renewal, deeper discipleship. and broader engagement across the networ 3. Grow younger and more diverse- investing intentionally in emerging leaders and broadening the reach of the New Wine fami REVIEW OF ACTIVITIES We have focused on three key strategic priorities- empowering younger generations, multiplying churches, and equipping leaders-all while embedding the call to be Holy, Healthy, and Humble at the heart of our culture. These values are no longer aspirational but are becoming foundational across the entire New Wine family, shaping our posture. leadership. and mission. 1. Reinvigorate the Network A renewed focus on connection and collaboration saw significant growth across our Leadership Network-. Over 2.000 leaders gathered for the National Leadership Conference in Harrogate, exploring themes of healthy, humble. and holy leadership. In light ofthis new season. we identified three Informing Strategic Priorities to focus our shared direction and align our activitywith what God is doing across the nation: Network Days launched forthe first time, hosted in multiple regions across the UK to resource local leaders with both national and contextual input. Area Gatherings saw renewed momentum, with over 20 active gatherings offering relational support and prayer for leadets in every type of church context. 1. Reinvigorate the network- deepening connection, collaboration, and support among leaders

Our Newwine Online platform, worship podcast, and digital resources continued to serve leaders and churches throughout the year. Worship Nights were held in 8 cities creating space for passionate, Spirit-led worship and prophetic ministry in local contexts. Our Women's Ministry hosted Reset Days in three locations, Se￿Ing over 1.400 women with worship, teaching, and personal ministry. 2. Reimagine the Festival The Summer Festival returned to the Bath & West Showground, bringing together over 15.000 peoplefor a powerful week of worship, teaching, and community- The IMPACTvenue atthe Festival expanded its reach in urban contexis, offering powerful ministry and creative engagement for those in under- resourced communities. Key highlights included= Spirit-filled ministry across everyvenue-from the mainstage to Luminosity and New Wine Kids- where lives were Changed and faith ignited. VOLUNTEERS New Wine's ministry is only possible through the dedication of thousands ofvolunteers. 634 children under 11's made a first-time commitment to follow Jesus-a remarkable outpouring of faith among the next generation. In 2024, over 1,500 team members seNed across the festiwdl and year-round events, contributing hundreds of thousands of hours. Inclusive support for over 450 young people with additional needs. and 120+ parents and carers were served through the Breathe venue. Volunteers served in children's and youth teams, stewarding, technical support. hospitality, accessibility ministry, and more. A reimagined programme that introduced more community spaces, vibrant actiwties. and places of rest and reflection. All safeguarding requirements were met, including DBS checks and annual training forvolunteers working with children or vulnerable adults. 353 bursary-supported places enabled people from urban priority areas. Iow-income communities. and mission settings tojoin the New Wine family- ensuring no one was left behind. FUNDRAISING New Wine is funded through the generosity of regular givers, major donors. conference offerings. and delegate fees. 3. Grow Younger and More Diverse We continued to invest in emerging leaders, children, youth, and underrepresented voices to reflect the breadth and diversity ofthe Church: In 2024, New Wine managed income and expenditure of over £4 million. Despite the summer Festival running at a financial loss. we are thankful to the New Wine familywhose generous giving helped us cover all costs. The Young Adults Collective grew rapidly, including the launch of WAKE. our first-everyoung adult conference. and powerful daily gatherings at the Festival. Festival-related income represented the largest proportion of funding, while other income was generated through leadership events, charitable trading, and online giving. Raising Generations Minster pilot supported youth and children's ministry across 15 churche5, building scaffolding for growrth in places where it's most needed.

We continue to operate under the guidance ofthe Fundraising Regulator and do not use external fundraising agencies. All appeals are directed to those who opt in to receive New Wine communications. Reimagining the Festival forfuture sustainability and greater spiritual depth Reinvigorating the Network to strengthen connection, collaboTrtion, and leadership support We are excited by the grovrth in partnerships, supporter engagement, and campaign success. With your ongoing support. we can continue to raise up leaders, multiply churches. and serve communities in every part of the nation. Growing younger and more diverse across all aspects of Newwine life To help accelerate the outworking ofthese priorities- particularly the vital task of reinvigorating the network-we have appointed a Strategic Director who will work closelywith the Leadership Team to ensure delivery, oversight, and strategic clarity. No complaints were received in relation to our fundraising practices during the year. PLANS FOR FUTURE PERIODS We are excited to build on recent developments. including: As we look ahead to 2025. New Wine remains committed to seeing local churches change nations by equipping leaders. empowering younger generations, and multiplying churches. Building on the progress and momentum of 2024, we are entering a new phase of growth. investment. and deeper impact. The expansion of Worship Nights into more cities, creating accessible spaces for local Spirit-led worship and prophetic ministry The growth of Network Days. riow a core part of our annual rhythm, offering regionalised equipping and encouragement for leaders Our strategic priorities continue to be:

Increased investment in our Ministry Networks, especiallythose forming the future leadership pipeline-Discipleship Year, Leaders in Trainingi and the Young Adults Collecttve. These streams are being further developed to equip, connect. and commission emerging leaders across the nation These strategic prioritieswill continue to be delivered through the lens of our five distinctives- 1. Every context in every country 2. Practitioner-led leadership and training In addition, we will= 3. Excellence in kids and youth ministry Expand our fundraising programme to engage churches, individuals, and sponsors with greater relevance, clarity. and opportunity for partnership Leading the way in accessible church and ministry 5. A growing and connected international family Continue to strengthen the governance and management structures of the charity. ensuring integrity, accountability. and sustainability As we step into 2025, we are immensely grateful for all who make up our New Wine Family, and to God who is.able to do immeasurably more than we can ask or imagine" IEphesians 3=20). Press forward with our spiritual foundation growing a culture of prayer. consecration, and dependence on God, rooted in our call to be holy, healthy and humble leaders

STRUCTURE. GOVERNANCE & MANAGEMENT The trustees. who are also directors of the charityforthe purposes of company law. present their annual report and the audited consolidated financial statements forthe yearfrorn 1 January 2024to 31 December 2024. The financial statements complywith the Companies Act 2006, the Charities Act 2011, the Charity's Memorandum and Articles and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK {FRS1021 effective from 1 January 2019. The group results combine the results of the charitable company with the results of New Wine Resources Limited, a wholly owned subsidiary, which runs the trading activities ofthe trust. The subsidiary is not a registered charity- REFERENCE &ADMINISTRATION TRUSTEES Trustees serving during the financial period and up to the date of this report: COMPANY SECRETARY Andrew Scott (Resigned 28 June 20241 Kim Pearson (Appointed 10 September 20241 Rt Revd. Dr Jill Duff (Chair) Mrs Christina Fuller NATIONAL LEADER Rev. Richard Johnson Mr Dominic Llewelyn Revd. Canon John McGinley (Resigned 24 April 20251 Mrs Sarah McHardie REGISTERED & PRINCIPAL OFFICE Fora 21-33 G￿at Eastern Street London EC2A 3EJ Ms Yasmin Omotosho Mr William Ottewell Revd. Canon lan Parkinson {Resigned 13 June 2024) Bishop Mike Royal (Resigned 15 November 2024) Mr Andrew Chamberlain IAppointed 24 April 20251 Mrs Cheryl Jenkinson {Appointed 24 April 2025) AUDITORS Buzzacott Audit LLP 130 Wood Street London EC2V 6DL

GOVERNING DOCumE￿r New Wine Trust is a registered charity no. 1084415 and a company limited by guarantee. governed by a memorandum and articles of association. The charitable company's registration number is 04126583. Itwas incorporated on 12th December 2000 and registered as a charity on 9th January 2001. CHARITY GOVERNANCE CODE Trustees are committed to the principles of the Charity Govemance Code and the charity's governance arrangements follow the recommendations, so far as is possible. in respect of all aspects of good practice in governance for larger charities. ORGANISATION The charity is overseen by the non-executive Board of Trustees shown above which decides upon strategic and policy matters.Trustees meet circa five times each yeararound the key gatherings. TRUSTEES The trustees are all non-executive and a￿ elected bythe members. None of the trustees had any interest in the charity or its subsidiary. Thetrustees are conscious of the need for the trustee body to embrace a broad variety of skills and new trustees are considered in the light of their ability to contribute to the work of the trust. They are appointed by the members in accordance with the Trust Deed and are provided with such background and training as is agreed to be appropriate on an individual basis. The National Leader is the key executive off icer ofthe charity. During the year. the National Leader has been supported by a small Leadership Team, to design and deliver the main conferences alongside the staff team. At the start of theyear the Leadershiptogetherwith the Trustees. participated in a strategic review and planning meeting as part of a two-day retreat. This set the direction and focus forthe year ahead. including the objectives for the underlying ministries. Afinan¢e and investment committee oversees the charity's investments and f inancial stability. It also reviews the financial policies and key financial plans priorto submission to the main trustee board. LO

It is importantto note that the summerfestival could not be delivered withoutthe assistance of a large group of volunteers working on team during the summer. Many of the team leaders have served in a similar capacityfor several years. PAY POLICY FOR SENIOR sfAFF The pay of the senior staff and the staff team and is reviewed annually with oversight from the Trustees, People & Remuneration Committee. This takes a range of factors into account including cost of living increases. Salaries have been benchmarked against pay levels within similar sized charities in Greater London. SUBSIDIARY New Wine Resources Limited is a 100% owned subsidiary of New Wine Trust and was incorporated on 17th October 2001. It exists to manage the commercial activities linked to the charity (including publishing books, music. the spoken word and online resources, selling advertising space in the conference programmes, running cafes and renting space in the Market Place at conferences). It also provides a jobs board for organisations wishing to recruit new staff. The subsidiary pays all of its profits to the charity by way of a gift aid donation. PAY POLICY FOR SENIOR STAFF New Wine has a remuneration principles and policy statement which is in accordance with the recommendations of the National Council for Voluntary Organisations (of which New Wine has membership). The People and Remuneration sub- committee review￿ all staff remuneration, contracting and welfare. During the period, the key management personnel comprised the Staff Team Lead and the National Leader. The charity makes financial contributions to a number of churches who make their personnel available to the leadership of Newwine. including the National Leader. RELATED PARTIES New Wine has no formal association with other charities but works closely with several other Christian charities to share best practice. YOUNGER GENERATIONS MULTIPLYING CHURCHES Sci li

RISK FACTORS The Trustees take seriously their responsibility to assess and manage the risksfacing New Wine. A comprehensive Strategic Risk Register is maintained, reviewed regularly by the Board and its subcommittees, and used to ensure that risks are mitigated through clear controls. accountability, and proactive management. 2. Financial Stability and Income Risk New Wine'sfinancial model depends heavily on income from the Summer Festival. donations, and other events. Delegate fees alone do not coverthe full cost of the Festival or year-round operations. This is addressed through careful budgeting, earlyticketing strategies, and a fundraising programme aimed at building a broaderand more sustainable donor base. A resetves policy is in place and rewewed annually to protect the charity against sudden shocks or event cancellation. The most significant current risks and our mitigation strategies are outlined below= 1. Loss of Key Staff and Leadership Capacity With a lean team and a broad remit, the loss or burnout of key staff poses a substantial risl This is mitigated through quarterty reviews, personal development planning. and active succession planning. We have strengthened our staff wellbeing promsion, implemented line manager training, and ensured senior staff roles include structured notice periods to allow for continuity. 3. Summer Festival Delivery and Contingency Planning The scale of the Summer Festival carries operational. contractual. and reputational risks. These are managed through close relationships with suppliers and venues. post-event reviews, and strengthened feedback and complaints processes. 12

  1. Safeguarding of child￿n, Youth. and Vulnerable Adults
  2. Volunteer Resourcing and Management Volunteers are essential to the delivery of our events and ministry. Risks around training, wellbeing, and delivery capacity are addressed through a dedicated Volunteer Manager and team, detailed role descriptions. training pathways, and safeguarding and health & safety briefings. We continue to monitor hours and team capacity to ensure sustainable volunteering and care for those who serve. Newwine continuesto place the highest priority on safeguarding. Safeguarding risks are regularly assessed by the Board and Safeguarding Subcommittee, with policies reviewed annually and after every major event. In response to the Church of England's independent review into historic abuse allegations at Soul Sutvivor. New Wine Trustees commissioned KC Fiona Scolding to conduct an independent review into New Wine's historic relationships with Mike Pilavachi and Soul Survivor. Herfindings were published as an addendum to the Soul Survivor report.
  3. Governance, Strategic Direction, and Public Trust The Trustees and the Leadership Community are actively engaged in shaping the movement's future direction. Strategic priorities-such as reinvigorating the network and growing younger and more diverse guide our decision-making and activity. Her review included four recommendations specific to New Wine, which we are implementing in full: We are strengthening governance through regular subcommittee meetings, improved internal reporting cycles. and a renewed commitment to impact evaluation. These improvements are building organisational resilience and reinforcing the trust placed in us by supporters, churches, and delegates.
  4. Safer Recruitment- A new process for leader promotion and visiting speakervetting has been introduced, alongside retrospective safer recruitment checks for current leaders.
  5. Complaints and Concern Reporting-A more robust and accessible complaints process is being rolled out, including systems to record and monitor low-level concerns.
  6. Digital Infrastructure and Data Protection As digital systems underpin much of our event management. communication, and administration, data security and compliance with GDPR remain key areas of focus. Our systems are cloud-based with regular backups. The Director of Operations Se￿eS as Data Controller and ensures that all data access requests and security measures are handled in accordance with current regulations. Regular reporting on data breaches and risks is made to Trustees.
  7. Governance Review- A full governance rewew has been commissioned to strengthen scrutiny, accountability. and invite external oversight.
  8. Culture Change-we are fostering a culture that lowers the threshold for feedback and welcomes openness and light in areas of past or present concern. Our safeguarding work continues to be supported by ThirtyOne:Eight, ensuring best practice, record keeping, and training remain a core part of our commitment to safety. 13

FINANCIAL REVIEW RESULTS The results forthe financial year are shown on page 21. The group's net movement in funds shows a deficit of {£336,3211 {2023= Surplus of £31,649).The charity's financial performance and position is summarised on pages 21 to 23. The trustees, responsibilities for the financial statements are described on page 16. Note 18 details the restricted and designated fund movements. The balance on restricted funds at the start of 2024 was £9.399 and on designated funds £333,515. The closing balances are £29,738 and £337.884 respectively. The closing balance on general funds (free reserves) was £256.281 (2023: £617,310). The Summer Festival moved backto its'home" in Shepton Malletthis year. The event was sold out. with the brilliant weather helping to ensure that attendees had a blessed time. The National Gatherings and Conference income of £2,484,560 covered its direct costs of £2,357,786 but not the central costs that undergird the organisation. Income generated from the commercial trading operations of £288.700 after costs, and donations from faithful members of our community of £943,487 plus grants and investment income were not enough to coverthe full annual running costs of the organisation The trustees COT)sider that the market value of the assets and liabilities in the balance sheet are not materially different from those stated. Thetrust's subsidiary company. New Wine Resources Limited, traded profitsbly throughout the year and contributed £301,354 to the trust during the year {2023: £276,143). RESERVES POLICY New Wine is under a legal dutyto apply charitable fundswithin a reasonable time of receiving them. It is also under an obligation to ensure that it is able to meet all its financial obligations as they fall due. In balancing these considerations. the trustees are aware that Newwine regularly commits itself to substantial expenditure for future Gonferences and events some time before they take place. They have formally adopted a policy to retain funds at a level that is sufficient to ensure that the charity's f inancial commitments in promoting forthcoming conferences and events are fully covered at all times, together with a minimum of 3 months, general office running costs. At 31 December 2024 this sum equated to approximately £411 k12023: £470k). REVIEW OF FINANCIAL POSITION The trust continues to maintain a sound financial position, with cash resetNes within the range considered by the trustees to be adequate forthe group's overall operations. In 2024 the net deficit before transfers and revaluations on unrestricted funds was £369.61012023.. £15.796 deficit). Unrestricted income of £3,976.264 {2023: £3.546.547) arose as detsiled in notes 2 to 5 and 10- largely from conference fees- and unrestricted expenditure totalling £4.344,87412023: £3,562.3431 was made during the year (note 10). The unrestricted fund includes items designated by the trustees for particular purposes- notablyfixed assets and funds for the future development of New Wine including church planting. the move to new conference sites and investing in the next generation of leaders. GRANTS Grant income was received from the Minster Project and was accounted for as restricted fund income. The grant claims are made in arrears for expenditures incurred in delivering the project. These expenditures are also accounted as restricted fund items. 14

Grants payable and paid out relate to restricted income and are distributed as soon as conveniently possible. No grants were paid out during 2024 {2023- nil). The restricted income is typically derived from offerings taken at several ofthe conferences or individual donations which are to benef it other charities. or to further the mission of New Wine and launch new initiatives. In selecting the funds. the investment committee consider. and balance risks attached to asset managers, assetclass and individual stocks. The ethical stance of the charity is also a primaryconsideration in selection of the investment manager and funds. GOING CONCERN The New Wine trustees set a deficit budget in 2024 as a part of the rebuild of the organisation following Covid, knowing the Charity had sufficient cash reserves to fund that deficit. Cash reseNes. including the investments, total £1,524,342 at the year end. The budget for 2025 projects the income of the Charity to cover its costs. The Charity is expanding its fundraising programme along with strengthening management, to enable it to grow its income in future years. INVESTMENT POLICY The charity's memorandum provides the Board with the power to invest monies not immediately required for its purposes in such investments, securities or property as maybe thought fit, subjectto any conditions and with such sanction as may be required by law. In view of the significant cash flow variations that arise due to the seasonal nature of the trust's activities. the trust holds its surplus funds on short temi deposit with its bankers. The trustees have also decided that up to £1 million can be held in charitable investment funds with an expectation of a minimum 5-year term. The level of reserves, backed up by cash in the bank and investments, provides confidence in the going concern state for the charity, together with indications from our stakeholders and delegates of the ongoing need forthe services provided. The charity remains confident in its role supporting the network of churches and event delegates in 2025 and beyond. 15

TRUSTEES. RESPONSIBILITIES IN RELATION TOTHE FINANCIALSTATEMENTS The charity irustees (who are also directors of the New Wine Trust for the purwses of company law) are responsible for preparing the trustees. annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP). Company law requires the trustees to prepare such financial statements for each financial year which grve a true and fairwew of the state of affairs of the Charitable company and the group and of Ihe financial acti￿￿tIeS of the group for that period and which comply wtth UK GAAP. the Companies Act 2006 and the Statement of Recommended Practice issued by the Charity Commission in England and Wales. In preparing those financial ststements. the trustees are required to: The trustees are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the pr￿entIOn and detection of frdud and other irregularities and that, where appropriate, the Director of Operations and their direct line reports are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. STATEMENT OF DISCLOSURE TO AUDITORS In so far as the trustees are aware at the time of our approving the trustees. annual report: there is no relwdnt information. being infomiation needed the auditor in Connection with preparing their report. of which the group's auditor is unaware. and each trustee has taken all the steps that they ought to have taken as a director in orderto make themselves aware of any relevant audit information and to establish that the group's auditors are aware of that information. select suitable accounting policies and then apply them Consistently, observe methods and principles in the Charities SORP. make judgements and estimates that are reasonable and pnjdent" sL*e whether applicable accounting standards and ststements of recommended practice have been followed. and prepare the financial ststements on a 'going concern. basis unless it is inappropriate to assume that the charitsble company will continue in operation for the foreseeable future. AUDITORS A resolution proposing that Buzzacott Audit LLP be re- appointed as auditors of the company for 2025 will be presented to the Annual General Meeting. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial p)silion of the charitable company, for taking reasonable steps for the prevention and detection of frdud and other irregularities and for the prepardtion of a trustees. report which complies with the requirements of the Companies Act 200& On behalf of the Board of Trustees Bishop Jill txrff (Chair) Date: 25 September 2025 16

INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF NEWWINETRUST OPINION We have audited the financial statements of New Wine Trust Ithe'charitable parent company'l and its subsidiary company (collectively the'group'l for the year ended 31 December 2024 which the comprise the consolidated statement of financial activities. the consolidated and charitable parent company balance sheets. the consolidated and charitsble parent company statement of cash flows, and the notes to the accounts (including the principal accounting policies). The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom GenerallyAccepted Accounting Practice). 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 suff icient and appropriate to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statements. we have concluded thatthe trustees, use of the going concern basis of accounting in the preparation of the f inancial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and charitable parent company's abilityto continue as a going concern for a period of at leasttwelve months from when the financial statements are aLtthorised for issue. In our opinion, the f inancial statements= give a true and fair view of the state of the group's and of the charitable parent company's affairs as at 31 December 2024 and of the group's income and expenditure for the year then ended. have been properly prepared in accordance with United Kingdom GenerallyAccepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. OTHER INFORMATION The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our auditor's reportthereon. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. BASIS FOR OPINION We conducted our audit in accordance with International Standards on Audtting IUKI (ISAS {UK)) and applicable law. Our responsibilities underthose standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whetherthe

other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement ofthe 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 not received all the information and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordance with the small companies. regime and take advantage of the small companies, exemptions in preparing thetrustees, report and from the requirementto prepare a strategic report. RESPONSIBILITIES OF TRUSTEES As explained more fully in the statement oftrustees. responsibilities in relation to the f inancial statements (contained within the trustees, annual report). the trustees {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. We have nothing to report in this regard. OPINION ON OTHER MArrERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion. based on the work undertaken in the course of the audit: the information given in the trustees, annual report. which is also the directors, report forthe purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and the trustees. annual report has been prepared in accordance with applicable legal requirements. In preparing the financial statements, the trustees are responsible for assessing the group's and the charitable parent company's abilityto continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the charitable parent company or to cease operations, or have no realistic alternative butto do so. MArrERS ON WHICH WEARE REQUIREDTO REPORT BY EXCEPTION In the light of the knowledge and understanding of the group and the charitable parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report including the strategic report. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's reportthat 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 from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of userstaken on the basis of these financial statements. We have nothing to report in respect ofthe following matters in relation to which the Companies Act 2006 requires us to reportto you if. in our opinion: adequate accounting records have not been kept by the charitable parent company. or returns adequate for our audit have not been received from branches not visited by us. or the charitable parent company financial statements are not in agreement with the accounting records and returns. or certain disclosures of trustees. remuneration specified by law are not made: or 18

Irregularities. including fraud. are instances of non- compliance with 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 f raud is detailed below: inquiriesto management and those responsible for legal, compliance and governance procedures. We corroborated our inquiries through our review of the minutes of trustees, I directors. meetings and papers provided to the trustees I directors. We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur. by: the engagement director ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; we identified the laws and regulations applicable to the group through discussions with management, and from our knowledge of the charity sector, the identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of no compliance throughout the audit; we considered the legal and regulatoryframeworks that are applicable tothe group and determined thatthe most significant are the Companies Act 2006, and the Charities SORP FRS 102: we understood howthe group is complying with those legal and regulatory frameworks by making making enquiries of management and those charged with governance as to where they considered the￿ was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: performed analytical procedures to identify any unusual or unexpected relationships: reviewed journal entries to identify unusual transactions; 19

tested the authorisation of expenditure as part of our substantive testing thereon", assessed whether judgements and assumptions made in determining the accounting estimates set out in the accounting policies were indicative of potential bias: and used data analytics to identify any significant or unusual transactions and identify the rationalefor them. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. Afurther description of our responsibilities forthe audit of the financial ststements is located on the Financial Reporting Council's website at wvww.frc.org. uklauditorsresponsibilities. This description forms part of our auditor's report. In response to the risk of irregularities and non- compliance with laws and regulations, we designed procedures which included, but were not limited to: USE OF OUR REPORT This report is made soletyto the charitable parent company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our auditwork has been undertaken so that we might state to the charitable parent company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibilityto anyone other than the charitable parent companyand the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. agreeing financial statement disclosu￿S to underlying supporting documentstion. reviewing the minutes of trustees. I directors, meetings; and enquiring of management and those charged with governance as to actual and potential litigation and claims. There are inherent limitations in ouraudit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non- compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Gumayel Miah (Senlor Statutory Auditor) For and on behalf of Buzzacott Audit LLP, Statutory Auditor 130 Wood Street, London, EC2V 6DL Date: 26 September 2025 20

ACCOUNTS CONSOLIDATED STATEMENTOF FINANCIAL ACTIVITIES (including consolidated income and expenditure account) For The Year Ended 31 December 2024 Unrestricted Funds Restricted Funds Total 2024 Unrestritted Restrirted Funds Fund5 Total 2023 Note Income from: Donations• grants and legacies Donations and grants - Love offerings at Confe￿nceS 504.588 438,899 943.487 46.947 551,535 438.899 46,947 990A34 537.353 243,180 780.533 75,406 612,759 243,180 855,939 75.406 Income from charltsble acttvities - Conferences & networks Income from other tradif activities Commercial trading operations Investment income Total income 3.17 2,484,560 2.484,560 2.126,445 2,126,445 513,058 34,159 3.975.264 513.058 34.159 4.022,211 610,122 29.447 3.546.547 610.122 29.447 75,406 3.621,953 46.947 Expenditure on: Raising funds - Commercial trading O￿lationS Fundraising and publictty costs 224.358 33.380 257.738 224358 33.380 257.738 312.LK)6 18,114 330.120 312,006 18,114 330.120 Charitable activities: - Conference5 & networks Total expenditure 4.087,136 4.344,874 26.fA)8 26.608 4.113,744 4.371,482 3,232,223 3.562,343 76,206 3.308.429 76.206 3.638.549 Net {expenditurel / Income before investment gains Net gains on investment assets {369.6101 12.950 20.339 {3492711 12.950 115,7961 48.245 18001 {16,5961 48,245 13 Net lèxpenditurel l income Transfers betsveen funds 1356,6601 20,339 (336,321) 32,449 I8￿) 18001 800 31,649 18 Net movement in fund5 1356.6riJl 20.339 {336321J 31.649 31.649 Reconciliation of funds Fund balances at l January Fund balances at 31 December 950,825 594,165 9,399 29,738 960.224 623.903 919,176 950,825 9,399 9,399 928.575 960.224 18.19 The statement of financial activities includes all gains and losses recogni5ed in both of the financial periods above. All income and expenditure derive from continuing activities in both of the financial periods above. See note 10 for detail of prior year Statement of Financial Activities. 21

CONSOLIDATED AND CHARITY BALANCE SHEEr For The Year Ended 31 December 2024 Group Charity 2024 2023 2024 2023 Notes Fixed assets Tangible fixed assets Investrnents 6.031 13.545 573,264 6.031 586,216 13.545 13 586.214 573,266 592.245 586.809 592.247 586,811 Current assets Stocks 14 6,465 360.864 Debtors 15 511,515 401.214 599,416 344.175 841.601 Cash at bank and in hand 938.128 1.211,579 1.449.643 L578.908 I.(JXl.630 1.185.776 Creditors: amounts falling due wlthin one year Net current assets I (liabilities) 16 {1.417,985) 11.205.493) 373,415 11.262,5661 1261,9361 11,113,717) 72.059 31.658 Net assets 623.903 960.224 330.311 658.870 Income fund5 Restricted funds 29.738 9.399 29.738 9.399 Unrestrirted funds: General funds 256.281 337.884 617,310 333.515 {37.3111 337.884 315,956 333.515 Designated funds Total funds 18.19.20 623,903 960,224 330,311 658,870 The notes on pages 24 to 41 form part of these accounts. The accounts were approved by the Board of Trustees and signed on behalf by- 25 September 2025 Sarah McHardie Trustee Date: New Wine Trust Company Registration Number 04126583 IEngland and Wales) 22

CONSOLIDATED AND CHARITYSTATEMENTOFCASHFLOWS For The Year Ended 31 December 2024 Group Charity 2024 2023 2024 2023 Notes Statement of Cash flows Cash flows from operating arti¥itie5 Net cash (used inl / provided by operating activities 22 1306.2101 517.999 1270,0521 378,824 Cash flow from investing actiVTties Investment income and interest re￿iVed 34.158 29.447 29.267 11.4001 26,209 Cash paid to acquire tangible fixed assets 11.3991 16,911) 16,9111 Net provided by investing attivities 32,759 22.536 27,867 19,298 Change in Cash and cash equivalents in the reporting period 1273.4511 540.535 1242.1851 398,122 Cash and cash equivalents at l January 1.211.579 671,044 841,601 443,479 Cash and cash equivalents at 31 December 938,128 1.211,579 599,416 841.601 No separate reconciliation of net debt has been prepared a5 the￿ is no d[ffe￿nCe between the net cash / Idebtl of the charity and group, and the above cash and cash equivalents. 23

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 I. ACCOUNTING POLICIES respectto a period of one year from the date of approval of these accounts. The New Wine financial deficit in 2024 was budgeted, as part of the rebuild from Covid, knowing that it could be funded out of the cash reserves that were built up through the generous donations of our network. Cash reserves, inc5uding the investments, total £1,524,342 at the year end. The budget for 2025 projects the income of the Charity will be sufficientto cover its costs. The Charity is expanding its fundraising programme along with strengthening management, to enable itto grow its income in future years. The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation in the financial statements are as follows: 1.1. Basis of p￿paratIOn The financial statements complywith the Companies Act 2006, Charities Act 2011, Charity's Memorandum and Articles. Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS102) (Charities SORP FRS102), and Financial Reporting Standard applicable in the UK and the Republic of Ireland {FRS1021 The level of reserves, backed up by cash in the bank and investments, provides confidence in the going concern state for the charity, together with indications from our stakeholders and delegates ofthe ongoing need forthe services provided. The charity remains confident in its role supporting the network of churches and event delegates in 2025 and beyond. New Wine Trust meets the definTtion of public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheThvise stated in the relevant accounting policy notels). 1.3. Basis of consolidation These financial ststements consolidate the sults of the charity and its wholly-owned subsidiary, Newwine Resources Limited (a company registered in England and Wales under number 043062961 on a line-by-line basis. A separate Statement of Financial Activities, or Income and Expenditure account, forthe charity itself is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006. The functional currency is Pound Sterling. and all financial results are reported in Pound Sterling. 1.2. Going concern In reaching the conclusion on application of the going concern basis. Trustees have had regard to the cash flow and budgeted projections for the forthcoming 12-month period. incorporating all known changes in operational plans. The Trustees consider there are no material uncertainties about theTrust's abilityto continue as a going concern and therefore have prepared the accounts on the basis of going concern. The Trustees have made this assessment in 1A Income and expendrtu Incorne is recognised when the charity has entitlementto the funds, any performance conditions attached to the items of income have been met. it is probable the income will be received. and the amount can be measured reliabty. Specifically: 24

NOTESTOTHE ACCOUNTS For The Year Ended 31 December 2024 1 .4.1 Income from fees, licenses, sale of goods, royalties. commissions and interest is taken to the Statement of Financial Activities on an accruals basis. 1.4.2 Collection and gift income is taken to the Statement af Financial Activities on a cash basis. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation. 1.4.3 Expenditure. which includes irrecoverable VAT, is taken to Statement of Financial Activities on an accruals basis. 1.7. Pensions The charity auto enrolled employees into the People's Pension- a Defined Contribution Scheme IDCS). Employer contributions are accounted for on an accruals basis. 1.8. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Assets costing less than £1,000 are expensed rather than capitalised. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: 1.5. Donated services Donated services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met. the receipt of the economic benefit from the use bythe charity of the items is probable and that economic benefit can be measure reliably. In accordance with the Charities SORP (FRS 1021 the volunteer time from the many thousands of volunteers noted in the trustees. report is not recognised. Plant and machinery 33% 1￿. Investment policy The trustees can invest surplus funds and they have decided that up to £1 million can be held in charitable investmentfunds with an expectation of a minimum 5 year term. In selection of the funds, the investment committee consider and balance risks attached to asset managers, asset class and individual stocks. The ethical stance of the charitywill also be a consideration. The trust may also hold surplus funds on fixed term deposit with tts bankers. Professional services are received ad hoc from our solicitors, and this is recognised at the amount the charity would have been willing to payto obtain services of equivalent economic benefit on the open market; a corresponding amount is also recognised in expenditure. 1.10. Stocks Stocks are valued atthe lower of cost and net realisable value. Impairmentvalues are reassessed each year, by comparing the carrying amount of each product {or group) with its selling price, less costs of sale. Any impairment loss is recognised immediately in the trading subsidiary's income and expenditure account. 1.6. Support costs Support costs are allocated between the principal activities of the trust for charitable activities, generating income and governance. Where costs are not directly attributable, the allocation is based on an estimation of the time spent or by reference to the income generated on the various activities. 1.11. Debtors Debtors are recognised at their settlement 25

NOTESTOTHEACCOUNTS For The Year Ended 31 December 2024 amount, less any provision for non-recoverability. Sales are made on the basis of normal credit terms and do not bear interest. At the end of each year, all receivables are reviewed to determine whether there is evidence that the amounts are not recoverable. If so. an impairment loss is recognised in the income and expenditure statement by the creation of a bad debt provision. 1.15. Financial instruments Thetrust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 1.16. Critical accounting estimates and areas of judgement 1.12. Cash at bank and in hand This includes cash in hand and shortterm highly liquid deposits with a short maturity of three months or less from the date of acquisition. Preparation of the financial statements requires the trustees and management to make certain judgements and estimates. The items in the financial statements where these judgements and estimates have been made include: 1.13. Creditors Creditors, including trade debtors, are obligations on normal credit terms and do not bear interest. the estimates of the useful economic lives of tangible fixed assets used to determine the annual depreciation charge-, the estimate of any provision required for slow or obsolete stocks" the estimate of any provision needed for bad or doubtful debts; determining the basis on which support costs should be allocated across expenditure headings: and the estimates of future income. expenditure, and cash flows for the purpose of assessing going concern (see 1.2 above). 1.14. Fund accounting 1.14.1 Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds are unrestricted but have been set aside at the discretion of the trustees for specific purposes; these are set out in the notes tothe accounts. The carrying value of the trust's tangible fixed assets has also been separated as a designated fund in recognition of the fact that these assets are not available to the trust to meet day-to-day working capital requirements. 1.14.2 Restricted funds are subject to specific conditions by donors as to howthey may be used, which are set out in the notes to the accounts. 26

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 Income from donations and grants (there were no legacies) 2024 2023 Unrestricted donations 943,487 46.947 780,533 75,406 Restricted grants & donations Total donations 990,434 855,939 Included in the above amounts is £63.67512023: £56.1811 Gift Aid recoverable. The majority ofthe donations are from individuals and are below £5,0(M) each. Love offerings received at conferences, other than the specific charities restricted collections or those given for a defined purpose, are classified as unrestricted fijnds. Income from charitable activities 2024 2023 National Gatherings Other conferences 2,167,693 276.217 40,650 2,484.560 1,878,655 210,510 37.280 2,126,445 Training 27

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 Income earned from other activities Commercial trading activities of tr3ding subsidiary The charity owns 2 shares of £1 each in its wholly owned subsidiary New Wine Resource5 knmited, which is incorporated in the United Kingdom. publishes Christian music and other resources. and pay5 all of its profits to the charity by way of Gift Aided donation. A summary of the trading result is set out below: 2024 2023 Summary profft and loss account Turnover Cost of sales and administrative expenses Interest receivable Net income from trading Opening retained reserves Donation to the parent charity under GiftAid Closing retained reserves 513,058 1224.3581 4,892 293,592 301.354 1301.354) 293.592 610,122 1312.0061 3,238 301,354 276,143 1276,143} 301.354 The assets and liabilities of the subsidiary were: Current assets Creditors: amounts falling due within one year Total net assets 511,462 1217,8681 293,594 447,615 1146,2591 301,356 Aggregate share capital and resen4es 293,594 301,356 Investment income 2024 2023 Income from CCLA investments Interest receivable 18.106 16,053 34,159 13.710 15,737 29,447 Net lexpenditurell income is stated after chargin8- 2024 2023 Depreciation Fees payable to the auditor for statutory auditing serrfices Operating Lease rentals- Hire of equipment - Property Other income- investment income 8,913 19.7SO 2,784 35,0(K) 134,1591 14,643 18,306 6,976 35.000 129,4471 28

NOTES TOTHE ACCOUNTS For The Year Ended 31 December 2024 Analysis of expenditure on charitable objettives Leadership Discipleship Network & Year, Training & Intemational development Ministry of New Wine National Gatherings Other cOnferen￿S 2024 Total Unrestrirted funds Site costsldirect event costs Teams & Activities Marketing Direct office costs Governance costs {note 81 Support costs Inote 81 Total unrestrirted 2,118.379 178.271 35.584 238.824 13.838 3,363 583 2,357,786 308,724 92,011 24.604 647 39,594 12,771 70,787 11.819 2.703 952 60.721 1.077,812 3,470,767 6.666 118,318 381.tKJ9 697 47,983 12,380 1,256,493 154.516 39.863 4.046,155 Designated funds Salaries and related costs Support costs (note 81 Total designated 32,244 334 32,244 8,737 7.494 823 86 7.494 823 32.578 40,981 Subtotal- General fund5 3.478.261 381,832 187.094 39,949 4,087,136 Restricted funds Teams & Activities 26,608 26,608 Total 3.478.261 381.832 187.094 66.557 4,113.744 29

NOTES TOTHE ACCOUNTS For The Year Ended 31 December 2024 Analysis of expenditure on charitable objectives (cont.} Leadership Discipleship Network & Year. Training & Intemational development Ministry of New Wine National Other 2023 Prlor year Gatherings Conferences Total Unrestricted funds Site costs/direct event costs Teams & Activities Marketing Direct office costs Governance costs (note 81 support costs Inote 8) Total unrestricted 1.980,142 221.707 21,185 84.691 4,489 29,401 i( 2,069,322 312,256 24,565 5.227 3.280 55,921 1.507 931 2,438 44,llO 1.850 1.140 693 47,803 747.463 689,881 28.923 17.822 10,837 2,957.035 123.971 76,390 46,451 3,203,847 Designated funds Salaries and related costs Support costs (note 8} Total designated 14.026 342 14,026 14.350 13.245 13.245 555 208 555 14.368 28,376 Subtotal- General funds 2.970.280 124.526 90,758 46,659 3,232,223 Restricted funds Teams & Activities Total 76.206 76,206 2.970.280 124.526 90.758 122.865 3,308,429 Costs are allocated dirertly to an activity where possible and otherwise in the same proportion as the direct costs. Designated fund developments include investing in younger leaders and encouraging church planting, urban church development and other church grovrth initiatives. and restructuring costs of New Wine. 30

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 Allocation of governance and support costs Support costs charitable activities Supwrt Costs re fij￿ITal$Ing and publicity Govemance Costs 2024 Total Audit 9.569 9.569 810,399 Salaries and related costs 789.154 5.037 16.208 178 Depreciation Office expense5 & marketing Total 8.736 467.340 8,914 540,515 28.343 44.832 1.265,230 33,380 70.787 1,369,397 Support Costs re charitsble activttles Support costs re fundrdising publicity Governance costs 2023 Total Audit 10.404 9,819 293 10,404 490,953 14.643 311,730 Salarie5 and related costs 473,403 14.350 7,731 Depreciation Office expense5 & marketing Total 274,060 10,383 27.287 761,813 18.114 47,803 827.730 Support costs are allocated to either the cost of charitsble activities or fundraising and publicity based on an estimate of the time expended by staff in those area5, or directly based on the nature of the cost incurred. Support costs re charitable activities and governance costs are allocated in full to expenditure on charitable activities. Support costs re fundraising and publicity are allocated in full to expenditure on raising funds. 31

NOTES TO THE ACCOUNTS For Theyear Ended 31 December 2024 Summary analysis of expenditure and related income for charitable activities This table shows the undesignated general fund costs of the four main charitable activities and source5 of income directly to support those activities. Leadership Network & Intemational Discipleship Year Training & development of New Wine National Other 2024 Gatherings Conferences Ministry Total Analysis of support Note Income 2,167,693 13,470,767) 11.303,074} 276.217 1381.009) 1104,7921 40.650 139.8651 785 2,484,560 14,046,157) 11,561,597) Costs 1154,5161 1154,5161 Leadership Network & International Discipleship YearTraining & development of New Wine National Other 2023 Gatherings Conferences Ministry Total Analysis of SUPPOrt Note Income 1.878.656 12,957,035) {1,078.379} 210,510 1123.9711 86.539 37.280 146,4511 19,1711 2.126,446 13,203,847) 11,077,401) Costs 176.3901 176.3901 32

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 10. Detail of current year Statement of Financial Activities 2024 General Designated funds Total Restricted funds Total fund5 Unrestricted fund5 Income from: Donations, grants and legacies Donations and grants Love offerings at conferences 504.588 438.899 943,487 504,588 438,899 943,487 46.947 551,535 438,899 990,434 46,947 Income from charitable artlvities - Conferences & networks Income frorn other trading activities Commercial trading operations Investment income 2,484.560 2.484,560 2,484,560 513.058 34,159 513.058 34.159 513,058 34,159 Total income 3.975,264 3,975.264 46.947 4,022,211 Expenditure on: Raising funds Commercial trading operations Fundraising and publicity costs 224.358 33,380 257.738 224.358 33,380 257,738 224,358 33,380 257,738 Charitable activities: - Conferences & networks 4,046,155 4,046,155 40,981 40.981 4.087,136 4,087.136 26.608 26,608 4,113,744 4.113,744 Total expenditure 4,303,893 40.981 4,344.874 26,608 4,371,482 Net income / (expenditure) before transfers and investment gains and1055es - Transfer between ftjnds Net gains on investment assets Net movement in funds (328.629) 132.4CM)I 140.981) 32.4(N) 1369,6101 20,339 1349,271) 12.950 4,369 12,950 1356.6601 12,950 {336,321) 1361,029} 20.339 Reconciliation of funds Fund balances at l January Fund balances at 31 December 617.310 256,281 333.515 337.884 950,825 594.165 9,399 29,738 960,224 623,903 33

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 10. Detail of prior year Statement of Financial Activities 2023 General funds Designated funds Total Restricted funds Total Unrestricted funds Incomefrom: Donations and legacies Donations Love offerings at COnferen￿S 537.353 243,180 780,533 537,353 243,180 780.533 75,406 612,759 243,180 855,939 75.406 Income from charitable activities - Conferences & networks Income from other trading activities Commercial trading operations Investment income 2.126.445 2,126.445 2,126A45 610.122 29.447 610.122 29.447 610,122 29,447 Total income 3,546,547 3.546.547 75,406 3.621,953 Expenditure on: Raising fund5 Commercial trading operations Fundraising and publicity costs 312.006 18.114 330,120 312.006 18,114 330.120 312,006 18,114 330,120 Charltable artlvities: - Conferences & networks 3.203.847 3,203.847 28,376 28.376 3,232,223 3,232.223 76.206 76,206 3.308,429 3,308,429 Total expenditu 3,533.967 28.376 3,562.343 76,206 3,638,549 Net income l (expenditure) before transfers and investments gains and losses - Transfer between funds Net gains on investment assets 12,580 129,176) 128.376) 28.376 115.796) (800) 1800) 800 (16,5961 48,245 48,245 48,245 31.649 48,245 31,649 Net movement in funds (16.596) Reconciliation of funds Fund balances at l January Fund balances at 31 December 633,9C 617,310 285.270 333.515 919,176 950,825 9,399 9,399 928,575 960.224 34

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 ii. Staff costs 2024 2023 Number of employees Average number of ernployee5 durin8 the year 20 17 Wage5 and salaries Social security costs Pension costs 759,456 50.751 59,293 869.500 527.378 44,909 44,906 617.193 Total staff costs The number of employees whose employee benefits (excluding employer pension contributions) exceeded £60,000 were as follows: 2024 2023 £61>£70K The total employee benefits paid to two key management personnel amounted to £111,791 {2023'. three personnel with benefits totalling £92,192). In addition. New Wine makes contributions to several churches and a charity for staff time rnade available for the leadership of New Wine- the total of these payments was £88,61412023= £38,465). The charity operated a Defined Contribution Pension Scheme provided by the People's Pension. The charity contributes IO% of basic salary with no requirement for the employee to contribute. The total employer contributions to this scheme for the year were £59.293 {2023- £44,905) with the final month's contributions outstanding at the year end, totalling £5.[￿3(2023: £3.7431. In 2024 one termination payment for £Sk was paid. there were no other redundancyltermination payments12023: £nil} 35

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 12. Tangible fixed assets Tangible assets- Leasehold Improvements Tangible assets - Plant & machinery Group and charity Total Cost At l January 2024 Additions 487.342 423,955 1,399 {296,5271 I18￿2? 911.297 1.399 1783,8691 128,827 Disposals At 31 December 2024 1487.3421 Depreciation At l January 2024 Charge for the year Disposals At 31 December 2024 487.342 410.410 8,914 1296,528) 122,796 897,752 8.914 1783.8701 122.796 1487,3421 Net book value At 31 December 2024 6.031 6,031 At 31 December 2023 13.545 13,545 13. Investments Group 2024 2023 CCLA Investment fund Market value at l January Unrealised gains Market value at 31 December 573,264 12,950 586.214 525,019 48,245 573.264 Historic cost 261,226 261,226 The trading subsidiary holds no investments of its own. New Wine Trust holds 2 shares of £1 each in its wholly owned trading subsidiary company New Wine Resources Limited, which is incorporated in the United Kingdom. These are the only shares allotted, called up and fully paid. The activitie5 and results of thi5 company are summarised in note 4. 36

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 14. Stock Group Charity 2023 2024 2023 2024 Trading stock- books and resources 6.465 Stock is valued at the loV￿r of acquisition cost and realisable value. All stock is owned by the subsidiary trading company. 15. Debtors Group Charity 2024 2024 2023 2023 Trade Debtors 240,201 84,295 187,019 132.562 16.890 211.412 87,040 84,295 167,430 62,449 401,214 77,878 9,086 202,728 54,483 344,175 Other debtors Prepayments and accrued income Amount due from subsidiary undertaking 511.515 360,864 16. Creditors- amounts falling due within one year Group Charity 2024 2023 2024 2023 Trade Creditors Other creditors and accrua15 Income in advance Taxation and social security costs Pensions 126,028 26.229 1,225.827 29,372 10.529 67.615 27,368 1.089,178 17.589 3,743 109,077 11,491 1,120,010 11.461 10,529 56,167 14,009 1,026,860 12,938 3.743 17 1.417.985 1,205,493 1,262,568 1,113.717 17. Deferred income Deferred income comprises advance fee income for conference and events in the Subsequent financial year and charity partnerships extending over 12 months. 2024 2023 Total deferred income at l January Amounts receivedllrefunds issued) in year Amounts credited to statement of financial activities 1,089.178 2,621.2Tr3 12.484,5601 1,225.827 378,899 2,836,724 12,126.445 1,089,178 Total deferred income at 31 December 37

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 18. Fund details and other notes Transfers and unrealised gain5 Balance at I Jan 2024 Ba13nce at 31 Dec 2024 Income Expenditure General funds 617.310 3,975,264 (4,303,893) 132.400) 256,281 Designated funds Fixed assets Development of New Wine 13,745 319.770 333,515 (8.9141 132.0671 140.9811 1.399 43.951 45,350 6,230 331,654 337,884 Total unrestricted funds 950.825 3.975.264 {4,344,8741 12.950 594,165 Restricted fund5 Seed money Grant funded project Total restrirted fvnds 9,399 9,399 20,339 29.738 46.947 46.947 {26,6081 126,608} 14,371,482) 9,399 960,224 Total- all funds 4.022,211 12.950 623,903 Transfers and unrealised gains Balance at I Jan 2023 Balance at 31 Dec 2023 Prlor year Income Expenditure General funds 633,906 3,546,547 (3.533.967) 129,176) 617,310 Designated funds Fixed assets 21.475 263,795 285,270 114,643) 113.733) 128,376) 6.913 69,708 76.621 13,745 319,770 333,515 Development of New Wine Total unrestricted funds 919.176 3,546,547 13,562.343) 47.445 950,825 Restricted funds Seed money Grant funded project Total restricted fund5 9,399 9.399 75,406 75,406 3,621.953 176.2061 176.2061 {3.638.5491 800 9.399 800 9,399 960,224 Total- all funds 928,575 48,245 Restricted funds are available for limited purposes. arising from the grant awarding body or donorfs restrictions upon use. New Wine was awarded a three-year revenue grant by the Church of England to deliver a pilot projett of support and training in children's and youth ministry- the Minsters Projert. The grant was treated as a restricted fund. £26,608 12023.. £76,206) was spent in the year on external consultancy. venue hire and ministry bursaries. The Seed money relates to church planting projects. 38

NOTESTOTHEACCOUNTS For The Year Ended 31 December 2024 Designated funds are those unrestricted funds reserved for a specific purpose by the charity or otherwise not held in immediately realisable form {5uch as the fixed asset reserve). The development fund is intended to 5UPPOrt investment In innovation and organisational effectiveness over a four year period, a5 well as holding the unrealised investment gains. 19. Analysi5 of consolidated net assets between funds (Group) General Fund5 Designated Funds Restricted Funds 2024 Total Fund balances at 31 December 20241Group} are represented by: Fixed assets 586.214 1.088,052 6.031 331,853 592,245 1,449,643 (1,417,985) Current assets Creditors: amounts falling due within one year 29.738 11,417.985) 256.281 337.884 29,738 623,903 General Designated Funds Restricted Fund5 2023 Funds Total Fund balances at 31 December 2023 (Group) are represented bv: Fixed assets 573.264 1,186.944 (1.205.493) 554.715 13.545 382.565 586,809 1,578,908 11,205,4931 960,224 Current 355ets Creditors: amounts falling due within one year 9.399 396.110 9.399 20. Analysis of consolidated net assets between funds {Charity} General Funds Designated Funds Restricted Funds 2024 Total Fund balances at 31 De￿rnber 2024 {Charity) are represented by: Fixed Assets 586.216 639,039 11,262.5661 (37,3111 6,031 331,853 592,247 1,000,630 11,262,566) 330.311 Current assets Creditors.. amounts falling due within one year 29.738 337,&84 29,738 General Funds Designated Funds Restricted Funds 2023 Total Fund balances at 31 December 2023 (Charity) are represented by: Fixed Assets 573.266 856.407 11.113,7171 315.956 13,545 319.970 586,811 1.185,776 11.113,7171 658,870 Current assets Creditors.. amounts falling due within one year 9,399 333.515 9,399 39

NOTES TO THE ACCOUNTS ForThe Year Ended 31 December 2024 21. Financial Commitments At 31 December 2024 the company had outstanding commitments for future minimum lease payments under non- cancellable leases which fall as follows= 2024 2023 Photocopiers Future minimum operating lease payments In less than one year Between one and five years Total 696 2,784 696 2,784 Land and Buildings Future minimum operating lease payments In less than one year Between one and five years Total 4.375 35,OlX) 4,375 35,000 22. Reconciliation of movement in funds to net cashflow from operating activities Group Charity 2024 2023 2024 2023 Net {expenditure) / income for the year (336,321} 31,649 {328.5591 6,638 Add back depreciation Gains on investments 8.914 112.950) 134.159) 6,465 (150,6511 212,492 14.643 {48,245) {29.4471 2,778 187,0001 633,421 8,914 112,950} 129,2671 14,643 148,2451 126,2091 Investment income Decrease in stocks Increase in debtor5 Increase in creditors Net cash (used in} I provided by operating activities 157.0391 148.849 1158,7491 590,746 (306,2101 517,799 1270.0521 378,824 23. Notes to the consolidated cash flow movement Analysis of the consolidated cash flow movement At 31 December 2023 At 31 December 2024 Cash flows Cash at bank and in hand 1.211.579 1273.450) 938,129 Total cash at bank and in hand 1.211.579 {273,450) 938.129 40

NOTES TO THE ACCOUNTS For The Year Ended 31 December 2024 24. Trustees None of the trustees received any remuneration during the year for services as trustee. Travel and meeting expenses for all tru5tee5 amounted to £348 {2023: £ICKIl; one trustee received expenses to reimburse travel costs12023'. 1 trustee incurred expenses). Whilst trustees are eligible for free tickets and accommodation for the conferences, when they will be attending in an official capacity. 5 trustees12023- 5 trustees) intentionally made full payment to attend the summer conference. At the year-end there were no outstanding payments to trustees and their related parties for services other than as a trustee12023: £nill. Aggregate donations received from the trustees or related parties without conditions was £5,70012023'. £3,6851 25. Related party re13tionships and transactions During the year, a number of theTrustee5 purchased access to Newwine Online from the subsidiary company at the standard prices for this service. Other than as reported above, and within notes 11 and 24, there were no other related party transartions during the year ended 31 December 202412023- no other). 26. Contingent Liabilities No contingent liabilities were recognised at 31 tyecember 2024 (2023: nil). 27. Events after the reporting date New Wine have reviewed the financial statements for 2024 and consider that there are no circumstances arising after the balance sheet date warranting any additional disclosure or adjustment of values presented. 41

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