2021-12-31-accounts - New Wine International

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		Page
Company information
Directors' report		3-9
Auditors' Report		10-13
Consolidated and Charity Statement of Financial	Activities	14
Consolidated and Charity Statement of Financial	Position	15
Consolidated Cash Flow Statement		16
Notes to the accounts		17-25

				Unrest-	Desig-
				ricted	nated	Restricted	Group	Group	Charity	Charity
			Note	Fund	Fund	Fund	2021	2020	2021	2020
				f					f	f
income and Expenditure
Incoming Resources
Incoming resources	from generated
funds:
Voluntary income:
Dollatlolts and legacies			2	1,545,666			1,545,666	1,658,646	1,498,045	1,623,646
				1,545,666			1,545,666	1,658,646	1,498,045	1,623,646
Incoming resources	from	charitable
actisities;
Book shop				589			589	1,246	589	1,246
htvestment inconte				34334			34,234	72,986	34,234	72,986
Gain/loss on tmsgible	assets			653,660			653,660		653,660
Trading income				2,388			2,388	240
Total Incomiag Resources				2,236,537			2,236,537	1,733,118	2,186,528	1,697,878
Expenditure
Raising fuuds			9	4,086			4,086	6,672	4,086	6,672
Trading Expenses			6	66,778			66,778	46,402
Charitable activities			7	1,788,871			1,788,871	1,663,500	1,788,871	1,663,500
Total Expenditure				1,859,735			1,859,735	1,716,574	1,792,957	1,670,172
Net Inconte/(expenditure)		and net		376,802			376,802	16,544	393,571	27,706
movements in funds	for the		yenr
Reconciliation offunds
Total Funds Broughi	Forward		at 01/01/2021	6,057,842			6,057,842	6,041,298	6,504,665	6,476,959
Total Funds Carried	Forward		at 31/12/2021	6,434,644			6,434,644	6,057,842	6,898,236	6,504,665

					Group	Group	Chiatty	Charity
				Note	2021	2020	2021	2020
						8
Fiscd Assets
Tangible Assets				13	5,894,383	7,532,920	4,705,613	6,304,443
Invcstnicnts				14			300	300
					5,894,383	7,532,920	4,705,913	6,304,743
Current Assets
Imlentoi y Trade receivables				15	162,374	332,705	1,866,764	2,031,236
Cash at Bank	and in Hand				2,434,001	513,510	2,369,386	488,579
					2,596,375	846,215	4,236,150	2,519,815
Creditors; Amounts		falling	due
within one		year		16	419,775	454,860	407,488	453,460
Net Current	Assets				2,176,600	391,355	3,828,662	2,066,355
Total Assets	Less Current		Liabilities		8,070,983	7,924,275	8,534,575	8,371,098
Creditors: Amounts		falling	due over	17	1,636,339	1,866,433	1,636,339	1,866,433
one	year
Nct Aasets					6,434644	6,057,842	6,898,236	6,504,665
Represented	By:
15Ion-Charitabl Trading Funds				20	(463,592)	(446,823)
Uni'cstrictcd	I'unds			18	6,898,236	6,504,665	6,898,236	6,504,665
					6.434,644	6,3757.842	6,898,236	6.504.665

					2021	2020
Cash used in operating	activities
Net movemenit in funds					376,802	16,544
Add back depreciation					222,309	261,973
Deduct profit on disposals					(653,660)
Deduct interest income
in investing activities					(36)	(50)
Add interest paid					59,638	69,864
(Iucrcase) decrease in stocks						2,500
(Increase) Decrease in debtors					170,331	410,744
Increase (decrease) in creditors					(35,085)	(3,689)
					140,299	757,886
Cash flows from investing		activities
Purchase oftangible fixed		assets			(38,590)	(844,346)
interest income					36	50
Interest paid					(59,638)	(69,864)
Cash provided by (used	in)		investing
nctivities					(98,192)	(914,160)
Cash flows from finnncing			activities
New loans in year
Repayment ofborrowing					(230,094)	(212,167)
Proceeds ofsale offixed	assetts				2,108,478	318,193
Cash used in financing	nctivities				1,878,384	106,026
Increase (decrease) in cash		and cash
equivalents in the year					1,920,491	(50,248)
Cash and cash equivalents		at the
beginning ofthe year					5i13,510	563,758
Total cash and cnsh equivalents				at the end
ofthc year					2,434,001	513,510

						Group	Cilarltv	Group	Charity
						2021	2021	2020	2020
						Unrestricled	Unrestricted	Unrestricted	Unreshicted
							E	E	f.
2.Donations	and	Legacies
Donations						1,220,912	1,220,912	1,214,155	1,214,155
Gilt Aid						164,699	164,699	203,007	203,007
Business Rates						47,621		45,000	10,000
Coronavirus	Job Retention			Schenie		112,434	112,434	196,484	196,484
						1,545,666	1,498,045	1,658,646	1,623,646
						Group	Cbanty	Group	Charity
						2021	2021	2020	2020
3.Shop income						Unrestricted	13nrestricted	Unrestricted	Unrestricted
						E	f.	f.	E
Shop income						589	589	1,246	1,246
						589	589	1,246	1,246
						Group	Charity	Group	Charily
						2021	2021	2020	2020
4. Investment	Income					Umestricted	Unrestricted	Unrestncted	Unrestricted
						E	E	E
Doposit account			mtercst			36	36	50	50
Rent Received						34,198	34,198	72,936	72,936
						34,234	34,234	72,986	72,986
5.Gain/loss	- sale oftangible				assets	2021	2021	2020	2020
							f,
Net book	value		1 January	2021		1,454,818	1,454,818
Net sale proceeds						2,108,478	2,108,478
Gain/loss						653,660	653,660
6.Trading income			and Costs
						2021	2021	2020	2020
								E	f.
Trading hicome						2,388		240
Administration						(66,778)		(46,402)
Government		grant received				47,621		35,000
						(19,157)		(11,402)
Operating	Profit/(Loss)					(16,769)		(11,162)
Progit/(I.	oss)					(16,769)		(11,162)

Cost ofcharitable	activities	activities
			Uiuestricted	Designated	Restricted	Total	Total
						2021	2020
			6
8taifCosts			539,792			539,792	523,989
Social Security cost			50,192			50,192	45,244
Employer's pension	cost		38,029			38,029	38,635
Rent and rates			8,079			8,079	3,537
Insurance			18,800			18,800	13,325
Staft'medical and life		insurance	49,322			49,322	26,289
Light and heat			22,8100			22,800	24,329
Telephone			13318			13/18	14,607
Post, stationety and	software		8,880			8,880	1.0,009
Mission and ministry		giRs	102,730			102,730	71,530
Christmas celebration			56,974			56,974	53,322
Ministry expenses			193,177			193177	144,709
Traiiung expenses			71,570			71,570	58,260
Service charges			15,303			15,303	17,953
Repmrs and maintenance			76,497			76,497	95,513
TV and radio broadcast			99,842			99,842	103,987
Outreach events			52,866			52,866	56,059
Easter celebration			1,176			1,176
New year celebration			9,994			9,994	6,198
Convention			28,169			28,169	2,694
Subscriptions			16,149			16,149	10,561
Depreciation -fixtures &fittings			50,723			50,723	48,495
Depreciation - fi'eehold property			129,136			129,136	167,962
Depreciation —plant	&machinery		2,743			2,743	6,008
Mortgage interest			59,638			59,638	69,864
Advertising			6,366			6,366	6,998
Governance cost inote 8)			66,706			66,706	43,423
			l,788,871			1,788,871	1,663,500

				Unrestricted	Toial	Total
					2021	2020
8.	Governance		costs
	Auditor's	remeneration		7,500	7,500	6,6(10
	1 egal and	professional		42,910	42,910	20,388
	Bank charges			16,296	16,296	16,435
				66,706	66,706	43,423

9,	Cost ofraising funds	Unrestricted	Total	Total
			2021	2020
9.	1 Book Shop		f	E
	Opening stock			2,500
	Purchases	4,086	4,086	4,172
	Closmg Stock
	Total	4,086	4,086	6,672

				Crroup	Group	Charity	Chrndty
12. Stafl' Costs				2021	2020	2021	2020
					I,		I,
Solrndes				539,792	523,989	539,792	523,989
Employer's National Pension costs		Insurance		50,192 38,029	45,244 38,635	50,192 38,029	45,244 38,635
				6266II	607,868	628,013	607,868
Thc average number		ofemployees	analysed	by function wos
				2021	2020
Charity				18	18
Subsidiary	Undertakmgs			3
				21	21

Fixed Assets
	Fuminirc
	Fixtures &	Freehold
	Equipment	Pmperty	Mac iunery	Total
			6	6
Cost
At I January 2021	957,027	9,933,482	435,956	]1,326,465
Addition	12,926	21,719	3,945	38,590
Disposals	(753,560)	(1,963,023)	(401,012)	(3,117,595)
At 31 Deceniber 2021	216,393	7,992,178	38,889	8,247,460
Depreciation:
At I January 2021	873,188	2,487,110	433,247	3,793,545
Charge for the year	53,284	166,282	2,743	222,309
Disposals	(753,560)	(508,205)	(401,012)	(1,662,777)
At 31 December 2021	172,912	2,145,187	34,978	2,353,077
Net BookVnlue:
At 31 December 2021	43,481	5,846,991	3,911	5,894,383
At 31 December 2020	83,839	7,446,372	2,709	7,532,920
Fixed Asset lavestmcnt			Subsidiary
			Underlaking	Total
			Shares
			6
Cost
At 31 December 2021			300	300
At 31December 2020			300	300

15	Trade Receivables
					Group	Group	Charity	Charity
					2021	2020	2021	2020
					6	6	f.	6
	Amounts owed by Other debtors	group	undertakings		120,744	312,008	1,704,390 120,744	1,699,338 312,008
	Prepayments				41,630 162,374	20,697 332,705	41,630 1,866,764	19,890 2,031,236
16	Creditors: Amounts	falling	due within	one year
					Group	Group	Charity	Charity
					2021	2020	2021	2020
					f.	6	f.	6
	Bank loans and overdrat)s				187,506	285,417	187,506	285,417
	Trade creditors				77,315	18,470	66,428	18,470
	Other Taxes &.Social Security				28,473	34,917	28,473	34,917
	Other creditors				23,634	4,260	23,634	4,260
	Deferred income				11,740	7,555	11,740	7,555
	Accrued expenses				91,107 419,775	104,241 454,860	89,707 407,488	102,841 453,460

		Group	Group	Charity	Charity
		2021	2020	2021	2020
		f	f.	f.	f
Bmdi	Loans	1,636,339	1,866,433	1,636,339	18,666,433

			Balance	Illcoill1llg	Resources	Transfers	Balance
			At	Resources	Expended		At
		01/Ol/2021					31/12/2021
			6				6
Unrestricted		funds
General	fund		6,504,665	2,186,528	1,792,957	(900,000)	5,998,236
Michael	Oloware Legacy		funii			150,000	150,000
Building repairs fund Branches fund						600,000 150,000	600,000 150,000
Total funds			6,504,665	2,186,528	1,792,957		6,898,236

19. Analysis of Net Assets Between Funds Restricted	Unrestricted	Non Chantable	Total
		Trading Funds
f.	I	f,
Curreni Assets	3,828,662	(1,652,062)	2,176,600
Fixed Assets	4,705,613	1,188,770	5,894,383
l,oan	(1,636,339)		(1,636,339)
Investment	300	(300)
	6,898,236	(463,592)	6,434,644

A sunimury	oft	he results o	f the subsi	diories are slioni&	bolow:
				Gateway	Vista		Neiv Wine		Gateway	V&stn		Neiv Wu&c
			Incorporated		Hospitality		Control		Incorporated	Hospitality		Central
				Lt&I	Lid		Ltd		Ltd	Ltd		Ltd
				2021	2021		2021		2020	2020		2020
				E.					f
Trading Income				2,388					240
Administrntion				(66,778)					(46,402)
Other operatuig		income		47,621					35,000
				(19,157)					(11,402)
Opcrnth&g Profit/(Loss)				(16,769)					(11,162)
Surplus				(16,769)					(11,162)
Thc aggregate ofthe assets, A&acts			liabilities	nnd funds were; 1253,185				100	1,254.015		100
L&abilities				(1,711&,677)					(1,700,738)
Shareholder	Fmuls			(463,492)		100		100	(446,723)		100	100