, 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

4. Safeguarding of child￿n, Youth. and Vulnerable
Adults
5. 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.
6. 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.
1. Safer Recruitment- A new process for leader
promotion and visiting speakervetting has
been introduced, alongside retrospective safer
recruitment checks for current leaders.
2. Complaints and Concern Reporting-A more
robust and accessible complaints process is being
rolled out, including systems to record and monitor
low-level concerns.
7. 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.
3. Governance Review- A full governance rewew
has been commissioned to strengthen scrutiny,
accountability. and invite external oversight.
4. 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

Newwine
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