Company Number: 04112629
Charity Number: 1085052
New Wine International
Directors, Report and Consolidated Financial Statements
For the Year ended 31 December 2023
Hilton Accountant5
Registered as Auditors in the United Kingdom by the
Association of Chartered Certified Accountants

NEW WINE INTERNATIONAL
ANNUAL REPORT AND FINANCIAL STATEMENTS
CONTENTS
Page
Company information
Dlrectors, report
Auditors, Report
10-13
Consolidated and Charity Statement of Financial Activities
14
Consolidated and Charity Balance Sheet
15
Con501idated Cash Flow Statement
16
Notes to the accounts
17-25

NEW WINE INTERNATIONAL
COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023
TrusteeslDirectors
Babajide Stephen Olaleye
Elizabeth Adejoke Olusola Adeyeml
Philip Olusegun Adeyi
Akinlaja Emmanuel Odidi
Olutoyin Oludamilola Aklnyemi
Secretary
Babajide Stephen Olaleye
Company Number
04112629 (England and Wales)
Charity Number
1085052
Bankers
Barclays Bank PIC
41 Woolwich New Road
Woolwich
London SE18 6ET
Auditors
Hilton Accountants
Unit 2, Fountayne Bu51ness Centre
Broad Lane
London N15 4AG
Reglstered Office
Gateway House
John Wilson Street
London
5E18 6QQ
Business Address
Gateway House
John Wilson Street
London
5E18 6QQ
Website
www.newwine.co.uk

NEW WINE INTERNATIONAL
ICOMPANY NO: 04112629 ENGLAND AND WALES)
DIRErfoRS' REPORT
STRUCTURE, GOVERNANCE, AND MANAGEMENT
Goveming document
The charity is governed by its memorandum and articles of association, and con5titute5 a limited
company, limited by guarantee, as defined by the Companies Act 2006. The charity is also known as
'New Wine Church,.
The trustees are members of the charitable company and guarantee to contribute an amount not
exceeding £10 to the assets of the charitable company in the event of winding up. The total number
of such guarantees on 31st December 2023 was 4 {2022- 4).
Recrultment and appolntment of new trustees
The trustee5 are appointed by invitatlon as and when required depending on their expertise and the
requirements of the charlty.
Induction and tralnlng of new trustees
The charity arranges appropriate training both internally and through other voluntary sector training
providers. The trustees and al l involved in running the charity including volunteers are always
encouraged to attain the necessary skills required to achieve the objectlves of the charity.
Organi5ational structure
The Trustees who Served during the period and up to the date of the report are set out above. The
day-to-day operations of the charitable company are controlled by the chief executive officer
appointed by Trustees, but the responsibility for all deci5ion5 rest with the Board of Trustees.
The Trustee5 meet regularly to manage the affairs of the charity. There are 15 full time employees
engaged In the administration and the organisation of the activities overseen by the chief executive
off icer. In addition, the charity Is assisted by the ServI￿S of approximately 350 volunteers.
For effectiveness, New Wlne International is administered through several structured portfoli05 Wlth
specif ic responsibilities.

Risk management
The trustees have a duty to identlfy and review the risks to which the charity is exposed and to
ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees where appropriate, enlist the help of professional advisors to manage those risk5.
Specia l attention is also focussed on non-financial risks arising frorn fire, health and safety a nd food
hygiene.
OBJECTIVES AND ACTIVITIES
Objectlves and alms.
New Wine Church is a mu Itl-cultural, multi-national assembly of believers in Christ with over
50 nationalities represented. Our unceasing passion is to honour God with our lives and be a blessing
to humanity with our individual and collective gifts. Our worship seNices and other range of
activitles are geared towards helplng all people experience God, have fun, and feel truly valued as
the glorious expression of His image on earth.
Our Vision
Our dynamic vision is to help individuals discover, develop, and deploy the glfts that God has placed
wlthin them, so that they can be very effective in what God has called them to do.
Our Mission
We have a mandate frorn God to build men and women up in the Christian faith, equipping them
with the word of God and the power of the Holy Spirit, so they can be maximally effective in what
God has called them to do. We are convinced that every person has a destiny to walk in - a destiny
already concluded in the mind of God. We are therefore persuaded that the greatest fulfilment In
life comes when we discover our destlny and walk in it. In line with this, we disciple people to
discover, develop and deploy the gifts, treasures, and potentials that God has placed within them for
His own glory.
The charity's object and principal actlvity is to promote the advancement of the Christian faith, the
relief of poverty, education and the promotion and fulfilment of various charitable causes within the
local community and such other parts of the United Kingdom and the world as the trustees think fit.
Public beneftt
The trustee5 have considered the Charity Commission's general guidance on public benefit and have
complled with the duty in section 17 of the Charities Act 2011.

Volunteers
The Church benefits from the contribution of c105e to 350 volunteers, although it is extremely
difficult to practicably quantify the commitment and dedication of the volunteers who provide an
invaluable contribution to the services of the charity. The Trustee5 acknowledge and a ppreciate their
immense contribution and would like to offertheir sincere thanks and gratitude to the volunteers.
ACHIEVEMENT AND PERFORMANCE
2023 Annual Report
2023 was a momentous year in which New Wine Church marked our 30th anniversary, offering us the
opportunity to celebrate God's faithfulness to us over 3 very eventful decade5. It was a year of
celebration, innovation and transformation on many levels for the Church family, individually and
collectively. several acttvities / event5 were specifically dedicated to the anniversary celebrations and
our regular events took on added Importan￿ in recognition of the achievement of this milestone.
Here are some highlights of the year.
Our flagship prayer program "Deeper and Higherf, comprising 21 day5 of Prayer, Fastlng, and Blble
teachings was held in January 2023 under the theme, 'Taking Root and Bearin8 Fruit". The event
served as a powerful tool to prepare the Church members for the rest of the year ahead.
We also launched the Refresh Bathroom Facility for the homeless in January, which saw
approxlmately 25 people use it during the year.
In the rest of January and February, we held a number of Seminars including the Mlllennials,
Forum, Within Reach Seminar and Financial Fresh Start Seminar aimed at empowering Church
members for success in different areas of Ilfe. Over 150 participants benefitted from these events.
We celebrated Mothers, Day in March and Fathers. Day in June, with themed, heartwarmlng
Sunday services and gifts to quallfying members and visitor5.
April witnessed our innovative display billboard parade wlthin our Royal Greenwich local
communityi sharing the message of hope in Christ, leading up to our vibrant Good Friday and
Easter Sunday celebrations.
We took our message and our mandate into the nations of Canada (March}, Nigeria {Aprlll, Brazil
(May) and Luxeml)ourg (November) hosting multiple day conferences that collectively touched
the lives of over 350 people and ￿lebrated the branch annlversaries in Montreal {Canadal, Ile-lfe
and Lagos (both in Nigeria) and Luxembourg.
The coronatlon of King Charles 111 took pSace in May and New Wine held a Joint Community
Celebration picnic with two local Churches in Woolwich, St Mary's Magdalene Church & Deeper
Life Church with over 200 attendees.
The 4th edition of our Young Voices School Choir competÉtion held in June 2023 was a great
success, bringin8 together 167 children and their familie5 from 4 local schools to participate In
day of music, fun, inspiration and refreshments.

July was 8 power-packed month featuring our flasship event, the 3-day transformational,
Maximise Life Convention, an Anniversary Worship Night, and ourAppreciation Night in which we
gave award5 to 22 past and present contributors to the success of New Wine Church including
posthumous awards to our Patriarchs, Dr Tayo Adeyemi & Pastor Michael Olawore.
July also included our Family Reunion (Party-in-the-Park} Celebration that brought together about
1,500 past and present members of the Church Family spanning the 30 years of New Wine's
existence as a ministry, It was indeed a wonderful celebration of God's goodne55 towards us for
the last 30 years.
As part of ourforward-lookingstrategy on developing ide35 on howtoserve our local communitles
even better, we also undertook in July the "We are Here to Serve You" community suNey in
Woolwich, Dartford, East London. Gravesend and Maidstone, reaching over 850 homes, The
results form part of the input into plans we are developing forthe future.
Serving our local communlty this year has included visits to Residential Homes encouraging the
elderly and / or disabled residents. We also continued running the physical exercise classes for
senior citizens on Tuesday5 heSping to improve their health and general wellbeing.
In the second half of the year, we celebrated the anniversaries of several branches including
Gravesend & Dartford branches in August, East London branch in October, Maidstone branch in
November and, French Church in December.
We hosted the 3-day Autumn Glory conference in October.
We conducted 4 baptism ceremonies during the year involving 53 candidates.
Our commitment to strengthening relationships included holding the Fireside Chat for Singles in
April, the Couples, Fireside Chat in May, and the 9-week Marriage Preparation Programme
empowering people for a healthy married Ilfe in September.
11 monthly community outreach ministration5 tothe local community were undertaken, reaching
many people with the message of hope in Christ and winning souls into the Kingdom of God.
Our Church Family participated in a broad range of prayer programmes including 11 prayer ViEiIs,
48 weekly Friday prayer meetlngs, Leaders, prayer and fasting in May and the Workers, 7-days
prayer and fasting pro8ramme in November.
We welcomed 52 new members to the Church from 4 cohorts of membership classes during the
year.
2 people were ordained, one as a Pastor in the Luxembourg branch and the othef as a Minister In
the Maldstone branch.
We continued to provide hot full English Breakfast and spiritual enrichment to the homeless and
marglnalised in our Royal Greenwich community through the weekly Saturday Breakfast Club,

serving approximately 1,122 meals during the year. including a Christmas party held for them in
December.
Ran two First Response Training AED and CPR Training Courses (April & December) as part of
strengthening our health and safety framework.
Children within our church and from within the local community enjoyed a range of programmes
including weekly Children's Church services throughout the year, Summer Club in July l August,
Hallelujah Nlght In October and Sing forjoy Children's Party in December.
We undertook the Romans Tour and the 10-Week Rornans Course Invo￿tnE a total of 393
Partlcipants.
We strengthened our focus on youth development, hosting our Youth Convention in August, the
Uni-Refresher seminar for new and returning university undergraduates in September and
launching the Lumen Ministry for 17 to 25-year-olds in December.
We held the Disability & Neurodiversity Awareness seminar in September and continue to focus
on enhancing the Church's ability to seNe the neurodiverse members of our Church and wider
community more effectively. Our Deaf Ministry also continued to actively serve our deaf
community during the Sunday services and major conferences / events.
As part of our year-long 30th anniversary celebration5, we produced a wide range of custom
deslgned apparels that Church members have enjoyed wearing during the year.
Our annual Christrnas Hamper Campaign saw us donate 1,020 hampers that benefitted
approximately 4,500 beneficiaries in London, Kent, Essex and Environs and bringing the total
hamper donations over the last 23 years to 34,790 benefitting over 167,950 beneficiaries.
2023 ha5 indeed been a remarkableyear of celebrating God's continued blessings and goodne55 in the
lives of New Wine Church members overthe last 30 years.
With the celebrations, we also renewed our commltment to the ongoingfulfilment of God's mandate
to us to empower individuals across the globe to discover, develop and deploy their gifts and live5 to
the glory of God.
We are fully persuaded by the promise of God's Word that.the path of the just is like the shining sun,
that shines ever brighter unto the perfect day"_ Proverbs 4.18. All 810ry be to God and the best Is yet
to comel
FINANCIAL REVIEW
Reserves policy
The charity has no endowment funding and is at present entirely dependent on income from donors
from year to year wh ich inevitably is subject to fluctuation. It is therefore the policy of the charity to
maintain unrestricted funds at a level which equates to at least 12 months, u nrestricted expend itu re.
This provides sufficient funding to cover the charitable expenditure, management, administration,
and support costs and to respond to emergencies which may arise from time to time.

The present level of funding is considered adequate to support the continuation of the charlty's
programmes and the trustees considerthe financial position of the charity to be satisfactory.
Principal fundlng sources and flnaF)ckl positlon
The princlpal fu nding sou rce5 continue to be:
Donations and Gift Aid £1.493,74912022: £1,493,749)
Bookshop and School £43412022: £4341
Interest & Investment Income £19,969 (2022: £19,969)
The Statement of Financial Activities shows Net Incoming /IOutgoing) Resources of1£301,7111
12022:1£301,711)l and Total Funds at the year-end of £6,596,52512022: £6,596,525)
Investment policy and objectives
Under the Memorandum and Articles of A550ciation, the charity has the power to make such
investments as the trustees deem appropriate, In addition to the short-term bank deposits during
the period, the charity has a IOOOA Interest in subsidiary companies namely Gateway Incorporated
Limited, Vista Hospitality Limited, and New Wine Central Limited
TRUSTEES RESPONSIBILITY STATEMENT
The trustees Iwho are also the directors of New Wine International for the purpose5 of companv
lawl are responsible for preparing the Report of the Trustees and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give
a true and fair view of the of the charitable company and of the incomlng resources and application
of resources, Including the income and expenditure of the charitable company for that period. In
preparlng those financial statements, the trustees are required to:
select suitable accounting policies and then apply them cons15tently
- observe the methods and principles in the Charity SORP.
make Judgements and estimates that are reasonable and prudent.
prepare the flnanclal statements on the going concern basis unless it is inappropriate to assume
that the charitable compa ny will continue in business.
The trustees are responsible for keeping proper records which disclose with reasonable accuracy at
any time the flnancial position of the charitable company and to enable them to ensure that the
flnancial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the a55et5 of the charitable company and hence for taking reasonable steps for the
preventlon and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the trustees are aware, there is no relevant information (as defined by Section 418 of the
Companies Act 20061 of which the charitable company's auditors are unaware, and each trustee has
taken all the steps that they ought to have taken as a trustee in order to make them aware of any
audit inforrnation and to establish that the charitable company's auditors are aware of that
information,
AUDITORS
The auditors, Hilton Accountants, will be proposed for re-appointment at the forthcoming Annual
General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
Signed on behalf of the board:
Akinlaja Emmanuel Odidi
Trustee
18 October 2024

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NEW WINE INTERNATIONAL
Oplnlon
We have audited the financlal statements of New Wine International, the charitable company for
the year ended 31 December 2023, which comprise Statement of Financial Activity, the Balance
Sheet, the Statement of Cash Flows, and notes to the financial statements, including significant
accounting policies. The financial reporting framework that has been applied in their preparation Is
appllcable law and United Kingdom Accounting Standard, 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practlce),
I n our oplnlon, the financial statements:
give a true and falr view of the state of the group'5 and of the charitvs affairs as at 31 December
2023 and of Its IncominE resources and application of resources Including its income and
expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng
Practice.
have been prepared in accordance with the requirements of the Companies Act 2006
Basis for opinlon
We conducted our audit in accordance with International Standards on Auditing (UK) IISA5 (UKII and
appllcable law. Our responsibilitie5 under those standards are further described in the Auditorfs
responsibilities for the audit of the financial statement5 section of our report. We are independent
of the charitable company in accordance with the ethical requirements that are relevant to our audit
of the financial statements in the UK, includlng the FRC'S Ethical Standard, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the a udit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern.
In auditlng the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparatlon of the flnancial statement5 is approprlate.
Based on the work we have performed, we have not identifled any material uncertainties relating to
events or conditions that, individually or collectlvely, may cast significant doubt on the charity's
ability to continue as a going concem for a period of at least twelve months from when the financial
Statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described In the relevant sections of this report.
Other InfOrMa￿On
The other infom)ation comprise5 the infomiatlon included in the annual report other than the
financial statements and our auditorfs report thereon. The trustees are responsible for the other
information contained within the annual report. Our opinion on the financial statements does Tlot
io

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.
Our responsibility is to read the other information and, in doinB 50, consider whether the other
information is materially inconsistent with the financial statements, or our knowledEe obtained in
the cou rse of the audit, or otherwise appears to be material Iv misstated. If we identify such material
inconslstencies or apparent material misstatements, we are required to determine whether this
glves rise to a material misstatement in the financial statements themselves. If, based on the work
we have perforrned, we conclude that there is a material mi55tatement of thls other information, we
are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information Eiven In the Trustees, report for the financlal year for which the fina ncial
statements are prepared is consistent with the financial statement5. and
the trustees, report has been prepared in accordance with applicable legal requirements
Matters on which we are required to report by exception.
In the light of the knowledge and understanding of the company and its environment obtained in
the course of the audit, we have not identified material mi55tatements in the strategic report or the
directors, report.
We have nothing to report In respect of the following matters in relation to which the Companies
Act 2006 requires us to report to you Éf, in our opinion:
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not vislted by us; or
the financial statements are not in agreement with the accounting records and return5,' or
certain disclosures of dlrectors, remuneration Specified by law are not made- or
we have not receNed all the information and explanations we require for our audit.
Respon5ibilltles of trustees
As explained more fully in the trustees, responsibllities statement, the trustees who are also
directors of the charitable company, forthe purposes of Company law are responsible for the
preparation of the financial statement5 and for being satisfied that they give a true and fair view,
and for Such Internal control as the trustees detemiine is necessary to enable the preparation of
financlal statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's
ability to contlnue as a going concern, disclosin& as applicable, matters related to going concern o nd
li

using the going concern basis of accounting unless the directors either intend to liquidate the
company orto cease operations, or have no realistic alternative but to do so.
Audltoes Responsibilitie5 for the audlt of the financial statements
Our objectives are to obtaln reasonable assurance about whether the financial stotements are
free from material misstatement, whether due to fraud or error, and to issue an auditorfs report
that includes ou r opinion. Reasonable assurance is a high level of assurance but is not a guarantee
that a n audit conducted In accordance with ISAS (UK) will always detect a materla I misstatement
when it exists. Misstaternents can arise from fraud orerror and are considered material if,
individually or in the aggregate, they could reasonabty be expected to influence the economic
decisions of users taken on the basis of these financial statement5.
Irregularities, including fraud, are Instances of non-compliance with laws and regulations, We design
procedure5 In line with our responsibilities, outlined above, to detect material misstatements in
respect of Irregularities, including fraud. The extent to which our procedures are capable of
detecting irregularities, including fraud ￿ detailed below:
Discussions were held with the trustees with a view to identifyingthose laws and regulations that
could be expected to have material impact on the financial statements. During the engagement
team briefingi the outcomes of these discussions and enquiries were shared with the team, as well
as consideration as to where and how fraud may occur in the entity.
The following laws and regulation5 were identified as being of significance to the entity:
Those laws and regulation5 considered to have a direct effect on the financial statements
include UK financial reporting standards, Cornpany Law, Charity Law, Tax and Pensions
legislation and distributable profits legislation.
It is considered that there are no law5 and regulations forwhich non -compliance may be
fundamental to the operatinB aspects of the charity.
Audit procedure5 undertaken in response to the potenti31 risk5 relating to irregula rities (which
include fraud and non-compliance with laws and regulations) comprised of inquiries of management
and those charged with governance as to whether the entity complies with such laws and
regulations,. enqu iries wlth the same concerning any actual or potential litigation or clalms;
inspectlon of relevant legal correspondence. review of trustees mlnutes; testing the appropriatenes5
of entries in the nominal ledger, including journal entries- revlewing transactions arou nd the end of
the reporting period- and the perfomiance of analytical procedures to identify unexpected
movements in account balances which may be indicative of fraud.
No instances of material non-complian￿ were identified. However, the likelihood of detecting
irregularities including fraud, 15 limited by inherent difficulty In detecting irregularitie5, the
effectiveness of the entitvs controls and the nature, timing and extent of the audit procedures
perfomied. Irregularities that result from fraud might be more difficult to detect than irregularities
that resu It f rom error. As explained above, there is an unavoidable risk that m8terial m isstatements
may not be detected even though the audit has been planned and performed in accordance with
ISASIUK)
12

A further description of our responsibilities for the audit of the financial statements is available on
the Financial Reporting Council's website at: htt
www.frc.or
auditorsres
onsibilities. This
description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might state to the charitable compan¢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 responsibility to anyone other than the charitable company and the charitable
company's members as a body, for our audit work, for this report, or for the opinions we have
forrned.
rtunatus
quaye
(Senior Statutory Auditor)
For and on behalf of Hilton Accountants Statutory Auditors
Unit 2, Fountayne Business Centre
Broad Lane, London N15 4AG.
I | C)acf6wr IL) I L+
13

New Wine Intern&140nal
Consolidigled Statement of Fln#ncial A¢tlYilie5 (lll¢ludlng Income & Expendllure Accoynls)
for tlie ye#r ellded 31 December 21i23
Ullresl-
rict¢d
Fund
Group
2023
Group
2022
Charity
2023
Charity
2022
Note
Incol￿t and Kxpcnditure
Inioming Resources
InLoming resources fro￿ generated
funds:
Voluiitary uicome:
Dollations and legacies
1,442,167
1,442,167
1.442,167
1,442.l67
1,493,749
1,493,749
1.442,167
1,442,167
1,493,749
1,493,749
lllconiiiig resources frorn ch4rJtable
actiYitie5:
Book shoi)
Ivestnient incoine
Other iThcom¢
Ti'ading iiiconie
'rot&l Incoming ResourL'es
974
19,238
3,124
34,759
.500.262
974
19.23¥
3.124
34,759
1.500.262
434
19,969
974
l9.238
3,124
434
19,969
8.641
1.522.793
1,465,503
1,514,152
Expendlturt
Funds iiisitig
Trading expenb¢$
4.175
99.820
4,175
99,820
3,575
62.973
4,175
3.575
Charitable 4¢tlvltle5
1.855.071
1,855,071
.812.289
1,855,071
1.812,288
Total Expendliur¢
1.959.066
L.959.066
,878.837
1,859,246
1,815,863
Net Iuconiel{expendlture) and nel
movemeMl8 lil fulld5 for the ye#r
(458,804)
(458.804)
(356.044)
(393,743)
(301,711)
ReeoncKllatlon of fund5
Total Fullds Brought Forward al 0110112023
6,078.600
6,078,600
6,434.644
6,596,525
6.898,236
Total Funds CarTi¢d r,onvai'd at 3111212023
5,619,796
5.619,796
6,078.600
6,202,782
6,596.525
The notes on pages 17 10 25 forin part of Ilics¢ financial statements
14

New Wine International
Collsolldgted and Charity Statemcnt of Flnan¢ial Position
as at 31 December 2023
Group
2023
Group
2022
Charity
2023
Chaiity
2022
Note
Fixed Assets
Taiigible Asset5
Inveslment8
13
14
5,700,824
5,826,402
4,588,905
300
4,589,205
4,677,338
300
4,677,638
5,700,824
5,826,402
Current Assets
Inventory
Trade receivables
Cash at Bdiik and in H8nd
15
189,334
412,139
601,473
94,165
692,489
786.654
1,875,049
385,068
2,260,117
1,805,617
636,372
2.441,989
Creditor5: Amounts r￿l[lng due
ithin one year
16
527.885
371,219
491,924
359,865
Net Current Assets
73,588
415,435
1,768,193
2,082,124
Total Assets Less Current Liabilitie5
5,774,4 l2
6,241,837
6,357,398
6,759,762
Creditors: Amounts falllng duc over
one year
17
154,616
163,237
154.616
163,237
Nct Assets
5,619,796
6,078.600
6,202,782
6,596,525
RepresL'ntcd By:
Non-cliaritable Trading Funds
Uttiestricted Funds
20
(582,986)
18 6,202,782
5,619,796
(517.925)
6,596,525
6,078,600
6,202,782
6,202,782
6,596,525
6,596,525
Tlie fii)ancial staienients liave be¢n prepared in accordance with Ihe provisions applicable Lo coiiipanies subjcct
to tlie slliall coinpanies Tegime.
The financial statements wer¢ approv¢d by the board on,.
on its b¢hallby
.2024 and signed
Mr Akiiilaja Elmmanuel Odidi
Elizabcth A
cjokc Olusola Adcycnii
('rrust¢e)
(Trustee)
Registration number:04112629
Tlie iiol¢s on pages 17 to 25 forn] part of these fiLi8ncial slatements.
15

Ncw Wine Intcrnatioiial
Coiisolidated Cash Flow Statement
Year ended 31 DLhcember 2023
2023
2022
Cash u$ed In operating activities
Net Inovement in funds
Add back d¢preciation
Deduct pl￿rit on disposals
Deduct interest inconie
in investing activities
Add interest paid
(Iiicrcase) decj'ease iii stock5
(Increase) Decrease in debtors
Increasc (decrease) in CTeditors
(458,804)
215.576
(356,044)
223,293
(3,238)
25,542
(821)
41,585
(95,l69)
171,045
(145,048)
68,209
(48,556)
{72,334)
Cash flows from investlng activlties
Purc1￿Se of tangibl¢ fixed assets
Inteiest incoiiie
Int¢rest paid
Cash provided by (vsed in) investing
activities
(89,998)
3,238
(25,542)
(155,312)
821
(41,585)
(112,302)
(196,076)
Cash flojys from financing activities
New loans in year
Repayiiient of boriowing
Proceeds of sal¢ of fixed assets
Cash used in financing activitles
(23,000)
(1,473,102)
(23,000)
(1,473,102)
Inci'ease / {decrease) iii cash and cash
equivalcnts ill the year
(280,350)
(1,741,512}
Cash aiid cash equivalents at Lbe
beginning of tbe year
692,489
2,434,001
Total cxsh and Cash equivalents at the end
of the year
412,139
692,489
16

Ntw Ivliio Internntional
Notci to Accounty
foi. the.I'ear 31 De¢cmber 2023
I, A¢countlng Poll¢ie$
1.1 Bftsls oCprepnriDg the finnneifil stAtcmtnt$
Th¢ fiui1rneial $18teinents lillve been prcptsrtd in #e¢0[dk￿e willi A¢coulliing wi)d Repc>rtin&by Charitie5-. Ststem¢nt
of RrGthiimcndcd PD)ciscc appiicob]e ro charitL¢5 pre￿iTing thetr accoullts ill accordance iviilj ￿)¢ financial
ReptsTling StÈtJd4rd applicable in lh¢ UK and Ik¢ Repubb"c of treland (FRS102) eifcclive l Jaouary 2015
- Icliarilies SORP IfRS 102). Ihc Fi￿1￿7 reporting smtyjard ayplicaW¢ in ihE UK0[￿ Ihc Rcpublic of kcLitJd
IFRS IU2} hnd LonipJn5¢5 Acl 2¢
Tiic Chaiily meets the dcfinition of a publiG ¢ntity uwltrFRS 5U2. Thc fivlwial stal*nents havc iKen
on ili¥ hisLori¢al cost basis.
1.2 Con$alid2& ted flTriJnclal St#tcMe￿ts
The 81aleniont of fiLIHnciAI activilies IsofA) and balance sheet consolida* ihe fujancial of thecharity at)d
Éts siibsÈdiaThc5. Thc rc%ii1¢5 of lh¢ $ubsidilliiL% arc collsoli(SaiLd on a Isn¢ by lÉnc busis.
Inlcrcompany trnl15aLiiotss and balances beli¥eell gTOUP companies are therefore eliminated in full.
.3 1n¢oniiiig Re50111-ces
All iiiLome is treogwsed the StsilwKDI of Finsncial Aciivilies otK% the clwity has enlitlanent io Ibe funds,
it is probdblc ihot thc inconK will br m'ei¥ed and the aThiuryt be Tnvdswed relixbty.
1.4 Tanglble fixed *ssct5
D¢pweiatiDn 18 provided at ratcs tal¢ulated to ivritc off ih¢ cik< orvalu&tion, IL%% &%timaicd restdual value of ea¢h
k15S¢t over the expected useful life as follows:
Fr¢cliold prop¢rty
PlÈnt and Machincry
Fixiure$ FiltLllgs & Equipn]eni
2% on cosL
25% ot) cost
25'h oll ¢951
Il¢nTr5 ofexpendiliirc capilalis¢d Whe￿ purchase prite eKetAls £500
1.5 ReBources Fxpended
Liabilitics llr¢ re¢ogni8ed as eXpC￿lItmr¢ as soon &8 there is a legal or C￿l￿￿¢t1Ve obltgation ¢ornmittittg thc Chaiily lo the
the expeiidiNre, it 15 probable that a iransfer of eu>ThotSLiC bencfits will be Fequkrd in th¢ Settlen￿￿t and the amouni
of the obli8alioii cali be measuyed reliably_
Expenditure is 8¢coullted for on ￿ctUAl8 bwis atul has been Cla￿lf￿￿ W￿er headings that aggregate all cost ielit
lo th6 ¢Aiegory.
Where Costs eAnnot be directly attributed lo particukr headings tlw have bcen alloc4*d LO aclivilics on a basis Consistent
Ivith the LiSe oftcsoutCES.
1.6. Stocks
Stock5 Ste vlllued at the lower of cosl and n¢4 rvdlisable vah￿. after making due ¥411owanEe for obsolete al￿ slow Inovin
itct))s.
1.7 Fuiid accoulit1￿g
Reslricled funds can only be used forpurticular rcstrictrAI pury)ow wsihin the obj¢¢ts of ihe charity. Rc51ri¢tions arÈse
vhen spLYified by (h¥ donor or wh￿1 futjds are taiscd rot partlLular reslriLLd puryosys.
Ul￿eStrIcted Funds be used in accrnlancc wilh charitable objec¢iv¢s at the discreli(m of the TTUSte¢s.
l.¥ Ter15ion ¢osts aiid other ptsst- rtilrcmcnl b¢Defits
Ili¢ clig1"itHbk ci)mpally operalc5 a (Icfujed c￿L¥l￿￿tiOn pejisioji scheEllc. c0nliibuli￿￿ payablc to the Charilabl¢
Compan￿S paI8ion Schen￿ arc chorg¢d io the Statemcot of Pl￿nCI&l Aclivili¢s in the peri￿ io which thcy Jrjalc.
17

New Wine Internatlonal
Noles to Aeeomnts
ror the yeAY ended 31 December 2023
1.9 Foreign CurrLncies
Monctary assets aiid liabilili¢s Lll foreign c￿￿¢￿¢1¢S are translated into sterling at the rates of exchange
Iwling at th¢ balancc shcci dal¢. Trdnsactions in forei￿ currcncics aTC translaled into sterlilig al thc rate
lllig on the date of the transactioii. Exchange differences are taken into account in ￿rIVIl)g al th¢
pei'aling profit.
Tlie fiLnclionlll currcncy is the Poiind Sterling (£).
1.10 Debtors
Basic f￿ancIal assets, including trade aiid other debtors, aiid debts from related parties are initially
recoBnised at tra￿￿ctIOn price, ullLcss the atrattgcmenl constitutcs a financial traiisaction, where the
ansacltOJ] 15 measured at tbe present value of fulurc rcceipls discoulltcd ot a market rdte of ilitcrest.
Such assets Rre subsequently Ca￿l¢d at ￿￿ortISed costs using the effective interest method. les5 any
irnpairnient.
1.11 Ca,81i aiid Cash E(iulTralenÉs
Casli ￿]d c&sl) equivaleiits are i'epwented by cash in hlllld and deposits held ai call with ftnancial
institutions.
1.12 Credltors
Basic flliancial liabilities. includiiig trad¢, relaled parties and other creditors, loans from third parties aiid
loans from related parties initially recogtkiscd at lrnnsaction price. unless the ￿￿nge1neDt
coiisliliiles a financi81 transaction, where the debi instruin¢nt ts measured at the prcsent valuc of the
futu￿ payknenis discoLltited al a market ra￿ of interest. Such inStrUm￿lS a￿ subsequently Ca￿lea
at aniorlised co8L using the etTective interest method, less any iinp8irmenl.
1.13 Intei'est Income
Interegt inconie is recognised in profit orloss using tlie effective inleKgt tii¢tl)od.
1.14 Going concern
Ai the end of the year the group has net current &sscts oF£73,588 and iiet a55Cts of £5.774.412.
1.15 Cost ofiiving cr1818
During the yeai. there wa5 CO8I of living crisis.
'rhis lias resulted in rising inflation which is expected to affect the cost of living of church inenibei
who niay iiol be able to inailllain their level of donations to the cliuych.
Tlic t￿SteCS and senior manag¢mcnt teani arc ithing all cffort5 to niinllllisc
the risks poscd by the crssis, cnsuring compliallce with salekeeping gutdelines.
Resources dlt being tnuJ]aged effectively to ensiire the Org￿lIsa110t1'S objeclive is in focus and
iiieiiibers, spiritual growth and needs are addressed and dclivered.
The tr118tees prepare regvlar nianagemeiit reports and have consideicd revised forccasting for
a pei'iod of12 months from the approval of these financial statements.
Th¢ gi'oiip believes that il has sufficienl resources in place to n]eet IL% current obligations
and Ilie board has a reasonablc expectation that Ihere arc adequate resources lo continue
with t]ie group's operatioi)s in Ihe foreseeable ￿ture.
'riicrefore the group coniinu&s lo adopt the going COttCEm basis in preparing its
fiii&n¢ial stat¢m¢nls.
18

New Wine Internatlonal
Notes tv Accounts
for the year ended 31 December 2023
1.16 Government Grant
Goveriiinellt grants are recognised in the profit and loss ac¢ouDI in all appropriate
nmnner that matches thein with the ¢xpenditurc towards which they related to.
All grants is the statetnent of financial activities ale recogniscd whai all conditions liave been
complied with.
19

New Wine International
Notes To Accounts
for the year tildcd 31 December 2023
Group
Charity
2023
2023
Unrestricted Unrestricted
Group
Charity
2022
2022
Unrestricted Umestricicd
2. Donations and Legacies
Donations
Clift Aid
T4iisin&%s rates
30th at)niversary
1,223.797
191.125
1,223,797
191,125
1,286,028
207,721
1,286,028
207,72I
27,245
1,442,167
27.245
L,442,167
1,493,749
1,493,749
Group
Charity
2023
2023
UnrestrictCAJ Unrcstricted
Group
Churily
2022
2022
Ui]rcstrictcd Unrcstrictcd
3. Shop income
Shop iiicome
Vendiiig inaehine
688
286
974
688
286
974
434
434
434
434
GI￿uP
Charity
2023
2023
Unicsti'icled Unresliicted
Group
Cliarity
2022
2022
Unrestiicted Unrestricted
4. Investment Income
Deposit accouiit interest
Rent received
3.238
16,000
19,238
3.238
16,000
19,238
821
19,148
19,969
821
19.148
19.96Y
5. Other Income
2023
2023
2022
2022
tnsuraii¢e proceeds
Donation flotn SLibsidiary
3,124
3,124
3,124
3,124
6. TradinLI Tnconie and Costs
2023
2023
2022
2022
Tradiiig IncomL
34,759
8,641
Adtninistriltioll
UiiiEcovcred10.8s on baiik account
{56,184}
(43,636)
(99,820)
(62,973)
(62.973)
Opernting Profit/(IAl&S)
(65,061)
(54,332)
PIDfitl(Loss)
{65,061)
(54,332)
20

NL'IV Wine Intcrnationydl
Notes To Accounts
for the year ended 31 Decembcr 2023
7. Cost of eharitable actlvlties
Unreslricted DesI￿ated
Restricted
Total
Total
2023
2022
Staff costs (iiote 12)
Volunteer co.sts
Rent and rates
Property & equipinent insuiance
Staff medical aiid lift insurance
Lighting and heating
Cojnniunication & iiitetnet
Printing, post and stationery
Books and library
Evangelisin & mission8
Christiati celebrations
30th annivfflB8iy celebration
Chur¢b ministy
TraiThing ¢xpenses
IT and coniputei. expenscs
Service cliai'g¢s
Repaii's and Imaintenaiice
TV and radto broadcast
Welfar¢ & outtEach events
Chri&lian convention
Subsciiptions & licences
Depreciation - fixtu￿5 & fittjll&8
Depreciation - freehold property
Dcpreciatioii - plaiit & tnachinery
Mortgage interest
Advci'tiqing
Gov¢i'nance cost (note 8)
566.334
16,370
3.335
16,896
30,391
27.537
11,576
26,082
3.357
148,634
49,585
49.295
252,511
83,168
26.184
22,671
48,266
67,721
40,206
88.240
12.539
25,157
131.069
22,205
25.542
4,759
55,441
1,855.071
566,334
5 6,370
3,335
16,896
30,39I
27,537
11,576
26.082
3,357
148,634
49.585
49,295
252.511
83,168
26.184
22,671
48,266
67,721
40,206
88,240
12,539
25.157
131,069
22,205
25,542
4.759
55,441
1,855,071
611,902
3,710
4,895
13,409
28,958
26,557
7.739
10.007
170,163
61,435
196,257
96,022
13,969
19.963
53,717
93,263
89,262
38.376
14,009
29,991
130,442
23,155
41,585
5,017
28,486
1,812,289
All the £1,855,071 ill 2023 was ch￿Eed to unrestricted fijnds.
Unrc8tricted Dcsignatcd Rcstrictcd
Total
Total
2023
2022
8. Governance costs
Auditoi's itmuneration
Legal aiid professiollal
Bank clialges
10,5(M)
35,743
9.[98
55,441
10,500
35.743
9,198
55,441
7,500
8,137
12.849
28,486
21

Neiv Winc International
NotLb$ to Accounts
for the year ended 31 Dec¢mber 2023
9. Cost of raising funds
Unrestricted Designatcd
Rcstricled
Total
Total
2023
2022
9. 1 Booli Shop
Openii)g stock
Piircliases
Closiiig stoLk
Total
4,175
4,175
3,575
4.175
4,175
3,575
All tlie £4,175 in 2023 was charged to unrestricted fimds.
l O. Net incoTnel(expcnditure)
Nct incoine/(¢xpenditui'c) is slated after
chargIn￿(crediting).
2023
2022
Aiiditors, remulleralion
Depreci<(tion
10,500
215,576
226.076
7,500
223,293
230,793
ii. 'rrustees' Remuneration and Benefits
On¢ trustee was paid a salary of £60,000 in the year
Gtoiip
2023
Group
2022
Chaiity
2023
Charity
2022
12. Staff Costs
Salaries
Employees national insurance
Pension costs
487,572
44,465
34,297
566,334
522,938
52,805
36,159
611,902
487,572
44,465
34,297
566,334
522,938
52,805
36,159
611,902
llie averdg¢ nuinber of employ¢es analysed by function was:
2023
2022
18
Chai'ity
Subsidiary undertakings
16
19
21
The number of employees whose elljployee benefits (excLuding cmployer pension costs) exceeded £60,000 was:
2023
2022
22

New Wlnc Intei'nutional
Nol¢s to Ac£ouiits
For tho Year Ended 31 Dccemher 2023
13 Flxcd Assets Gyoup
Furnitur
Fixiures
Equipment
Frcchold
Property
Machinery
Total
C(Jst
Al l Jans]ary 2023
Addition
Disposals
Al 31 Deceinbcr 2023
221,531
59,530
8.057,478
30.468
123.763
8,402,772
89,998
281.061
8,087,946
123,763
8,492,77
Deprecigltioll:
At l JaTruary 2023
Cliai'ge for th¢ year
Disposals
At 31 Decembw 2023
205,463
2S.157
2 J l2,774
168,214
58,lJJ
22,205
2.576,370
215,576
230.620
2,480,988
80,338
2,791.946
Net Ilook Vnlue:
At 31 Decembcr2023
At 31 Deceniber 2022
50.441
16.068
5,606,958
5,744,704
43,425
65.630
5,700,824
5,826,402
Fixed Assets ChArity
Fumiture
FixLur¢s &
Equipment
Freehold
Properly
Mdchillery
Total
Cost
Al l January 2023
Addition
Disposals
At 31 Decemb￿. 2023
212.049
59.530
6518.172
30.468
117,263
6.847,484
89.998
27l,579
6.548,640
117,263
6,937,482
DepreLlatlon:
At l Jat)uary 2023
ChargFc for Ihc ycxr
Disposals
At 31 Dccember 2023
195.978
25.157
1.922,533
lJl.069
51,635
22,205
2,170,146
178,411
221.135
2.053,602
73,840
2,348,577
rqet BoDk Value:
Al 31 D¢¢etnber 2023
Al 31 Decembcr 2022
50,4M
16.071
4.495,038
4.595.639
43,423
65,628
4.588,905
4,677.338
14 filxcd Assel Invcslmcnt
Subsidiary
UndLrLtki21g
Sharcs
Tolal
Cost
At 31 December 2023
At 31 DecemlKr 2022
300
Joo
300
300
Thcre were inveslmcnt assets outside tlic UK.
Th¢ conipaiils invcslinents reprty'5CTlt IOO/o sharc holdings in Gatcw&y Incorporaicd Ltd,
Vi8ta Hospitality Ltd and New Wine Ceiitral LAd all of wliicli are iiicorporalcd ii) Ihe United Kingdom.
23

Neiv Wine Internlltion41
Notc5 to Aceoun15
for the year en(led 31 De¢ernber 2023
15. Tr8d¢ Receiv8bloy
Group
2023
Group
2022
Charity
2023
Charity
2022
Amounts OW￿ by group undertakings
Other debtors
PrcpayLIIEIIts
1.716,2¥8
145,750
1,712,632
86,534
6,451
1,805.617
176.323
13,011
189,334
87.714
6.451
94,165
1.875,049
16. Creditors: falling due withlm one year
Group
2023
Group
2022
Charity
2023
Charity
2022
Dank loans and ovcrd]afts
Trade creditors
Oihcr Taxcs & Social ScL'urity
ot}￿ creditors
Crcditois de1)￿1]L￿
ALLrued expeaise
218.219
68,482
72.845
91252
47,083
30.004
527,885
187.51hS
98.901
31.406
22.656
11,740
19,010
371,219
218,219
68.482
72.845
87,867
16,009
28,502
491.924
187 J06
89,047
31,406
22.656
11,740
17,510
359.865
17. Crcditors: Amouiits f8lling du¢ ov¢r ¥Jne year
Group
2023
Group
2022
Charity
2023
Charity
2022
Bank Loans
Lease
140.237
14,379
154,616
163.237
140.237
14.379
154.616
163,237
163,237
163,237
Tlie bank loans ar¢ se¢iired by way of a ch8r8e over iwo of chariWs freelLold ptoperties ar Galeway HOUK,
Jahii WilsoTr Strvel, LoThJon SE18 6QQ re￿ C￿lage at 146 WoDlwicl) High Street. LO￿d￿n.
18. MovemeTrt in Funds
Bal8n¢e
At
0110112023
IncoEDillg
Rrsource5
Re5011rees
Exp¢DdéJl
Transfct5
Balance
At
3111212021
UnreslrlLted funds
GEneThl lund
Micl)&el Oloivare Legacy tuiid
Bllildii)g repairs fui)d
Branche5 fund
Tvtlll f￿ndS
6,078,600
1500.262
1,959,066
5.619.796
6,Q78,61JO
1.500,262
E.959.066
5.619,796
19. AnAIysi5 of Net A$sct$ D¢hveell Funds
R&%tricted
Non
Charitablc
Trading Funds
un￿tricted
Total
Net Ciiryciit As4¢1s
Fixed A&sets
I￿an and lease
Invesiment
.768.193
4.588.905
(154.616)
(1.694,605)
1,111,919
73.588
5,70U,824
(154,616)
300
(582,986)
6.202.782
5,619,796
Unrostt'lclcd Imnd
-rhe unrcstri¢l¢d fwid of £6,202.782 is made up of £1,768,193 in nei current #¥scls owl £4588,905 in fixeil as¥ets
aid £300 in inv&%tment5. Tho £4,588,905 15 Flxcd and 001 teadily tEalssablc.
24

Neiv Winc Intcrnational
Notes to Aeeoiints
for the ycoy tmdcd December 2023
20 Subsidi4ry Companie5
Tlie company owns the whole of the issued ordinary share capital of Gateway Incorporated Lid,
a coinpaJ)y iiieotyorated in UIC on 26 JuDe 2008. The subsidiary is used for comiiiercial activities.
Il also owns Ilie whole of the issiied ordin￿ry sha￿5 of ￿10t1}er company. Vista Hospithlity Ltd,
a coiiipaiiy incorporated in UK 011 13 April 2009. Tliis subsidiary is also used for coiiiinercial activities.
A thlrd company, New Wine Central Ltd incorporated on 20 August 2018 in the UK Is also wholly owned,
The subsidiary is iised for cominercial activities.
A suinmary of the resiilts of the sub%idiaries are shown below:
G8teway
Vista
Incorporated Hospitality
Ltd
Ltd
2023
2023
New Wine
Central
Gateway
Visl
New Wine
Incotyorated Hospitality Central
Ltd
Lid
Lld
2022
2022
2022
2023
Trading Inconie
34.759
8,641
Administration
Other operaling incoine
(56.184)
(62,973)
(56.184)
(62,973)
Operaliiig Profill(Los5)
Uni'ecovered Ios5 froin bai)k
Sui'i)liis
{21,425)
(43,636)
(65,061)
(54,332)
{54,332)
The aEgregate of the assets, liabilities and fun(L8 were:
Assets
1,169.062
Liabilities
(1,752,248)
I'otal Funds
(583,1 86)
100
.205,861
(1,723.986)
(518,125)
100
100
loo
loo
21. Rclated party disclosures
Ncw Wine Int¢mational is 2 100/0 holdin￿ parent of Gatcway Incory)r8ted Limited a property
holding company. At the end of the year Gaieway Incorporated limited owed New Wine
International £1.716.288 (2022 . £1,712,632).
Usc of Premise5.
New Wine Inteinalional uscs a property owned by its subsidiary Gafrway Inc Ltd frec of charge. At the balance Sheet
dale. Gateway Inc Ltd owed New Winc International £1,716,288 (2022 - £1.712,632) at no iiiter¢st.
22. 7'axAtion
As a cliarity, New Win¢ Iiiternational 15 cxcmpt from tax oll incomc and gatns fallii)B within
seclioii 505 of the Taxes Act 1988 or S￿li0Th 252 of the Taxation of CharEcable Gains Act 1992
lo tlie extent that thesc are applied to its charitable objects.
23. General Informmtion
New Wine Iiitei'national Registercd number 04112629 is limitcd by guaraiilee incoiyoraled iii
ngland & Wulvs. The registered office is 4t Gatcway Hol￿e, John Wilson Str¢¢L London SE18 6QQ.
25