Company Number: 04112629 Charity Number: 1085052 New Wine International Directors, Report and Consolidated Financial Statements For the Year ended 31 December 2024 Aud"'tors". Hilton Accountants Registered as Auditors in the United Kingdom by the Association of Chartered Certified Accountant5 Unit 2. Fountayne Business Centre Broad Lone. London. N 15 4AG
NEW WINE INTERNATIONAL ANNUAL REPORT AND FINANCIAL STATEMENTS CONTENTS Page Company information Directors, report Auditors, Report io Consolidated and Charity Staternent of Financial Activities 14 Consolidated and Charity Statement of Financial Position 15 Consolidated Cash Flow Statement 16 Notes to the accounts 17
NEW WINE INTERNATIONAL COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees/Directors Babajide Stephen Olaleye Elizabeth Adejoke Olusola Adeyemi Philip Olusegun Adeyi Akinlaja Emmanuel Odidi Olutoyin Oludamilola Akinyemi Secretarv 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 Business Centre Broad Lane London N15 4AG Registered Office Gateway House John Wilson Street London SE18 6QQ Business Address Gateway House John Wilson Street London SE18 6QQ Website www.newwine.co.uk
NEW WINE INTERNATIONAL (COMPANY NO: 04112629 ENGLAND AND WALES) DIRECTORS, REPORT GOVERNANCE, STRUCTURE AND MANAGEMENT Governing document The charity is governed by its memorandum and articles of association, and constitutes 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 nuTh er of such guarantees on 31st December 2024 was 412023 - 41. Recruitment and appointment of new trustees The trustees are appointed by invitation as and when required depending on their expertise and the requirements of the charity. Induction and training of new trustees The charity arranges appropriate training both internally and through other voluntary sector training providers. The trustees and all involved in running the charity including volunteers are always encouraged to attain the necessary skills required to achieve the objectives of the charity. Organisational 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 decisions rest with the Board of Trustees. The Trustees 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 officer. In addition, the charity is assisted by the services of approximately 350 volunteers. For effectiveness, New Wine International is administered through several structured portfolios with specific responsibilities.
Risk management The trustees have a duty to identify 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 risks. Special attention is also focussed on non-financial risks arising from fire, health and safety and food hygiene. OBJECTIVES AND ACTIVITIES Objectives and aims New Wine Church is a multi-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 services and other range of activities are geared towards helping 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 gifts that God has pl- within them, so that they can be very effective in what God has called them to do. Our Mission We have a mandate from 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 35ready concluded in the mind of God. We are therefore persuaded that the greatest fulfilment in life comes when we discover our destiny and walk in it. In line with this, we disciple people to discover, develop and deploy the Eifts, treasures, and potentials that God has placed within them for His own glory. The charity's object and principal activity 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 benefit The trustees have considered the Charity Commission's general guidance on public benefit and have complied with the duty in section 17 of the Charities Act 2011.
Volunteers The Church benefits from the contribution of close 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 Trustees acknowledge and appreciate their immense contribution and would like to offer their sincere thanks and gratitude to the volunteers. ACHIEVEMENT AND PERFORMANCE New Wine International 2024 Annual Report Following our 30, year anniversary celebrations in the previous year, we entered 2024 with a revitalised passion and renewed commitmentto the fulfilment of the mandate that God has entrusted to us in New Wine Church. It has been a year dedicated to refocusing on spiritual renewal through the pursuit of the presence of God in daily prayer and new prayer initiatives. We have continued to usher in positive transformation in individuals, communities and nations where God has placed the various expressions of New Wine Church. Highlights of the year include the following= The Heart's Cry daily prayer meetings commenced on I" January 2024 and lasted until the end of the year. It was a forerunner of several other prayer programmes that served to deepen the Church's spiritual resilience and ignite personal spiritual transformation in the lives of many in our Church family. Other prayer initiatives held include: Deeper & Higher 2024, our 21 Days of Fasting and Prayer under the theme of "Future Hope" held throughout the month of January 2024. Family Vigil and Solemn Assembly prayer meeting was held in July 2024. 11 Night Vigils on the first Friday of the new month. Workers, 7 Days of Prayer & Fasting in November 2024. We continued to serve our local communities with love and dedication through our range of programmes such as the following: Young Voices School Choir Competition took place in June, bringing together 4 local schools1127 children and their families) in the Royal Borough of Greenwich for an afternoon of music, fun, refreshments and personal development. Ih rd Children Summer Club held from 29 July to 23 August 2024 with approximately 20 children in attendance dailv. Hallelujah Night (games, entertainment, variety show) in October 2024 with over 270 participants (including 182 Children).
Sing for Joy Children's Party that hosted 200 Children and about 150 adults. Regular visits to Residential Homes in the Royal Borough of Greenwich. Refresh Bathroom Facility for the homeless with an average use of one person per fortnight. 1,224 full English breakfast meals senled at the weekly Saturday Church for the Homeless over 51 weeks. We distributed 1,000 hampers during our Christmas Hamper Campaign that served approximatelv 4,500 beneficiaries in London. Essex, Kent and other nearby areas. This brings the total hampers distributed over the last 23 years of this flagship project to 35,790 benefiting over 172,450 beneficiaries. 68 people were received into membership during the year,. we baptized 22 people and experienced the joy of 118 people167 adults and Sl Youths) receiving Jesus Christ into their lives. We celebrated the anniversaries of our various branches during the year as follows Lagos, Nigeria {Marchl: Mariana, Brazil {Mayl: Gravesend, UK (August), Dartford, UK (August); East London, UK (October); Maidstone, UK (November) Luxembourg INovemberl and French Church, UK (December). "The Means of Grace" and "God's Glory Guide" devotionals were produced for the spiritual edification of our Church members globally. The Deaf Ministry continues to activeSy serrfe our deaf community for Sunday services and major conferences / events. We held various celebration events that enriched the lives of our members during the year. These included. Mothers, Day, Good Friday and Easter Sunday Celebrations all in March 2024, Fathers, Day Celebration in June and Christmas Celebrations in December 2024. We continue to equip our wonderful volunteer workforce to serve the Church community and wider local communities with excellence. This has taken the form of: Safeguarding Training for English & French speakinE Workers and Leaders in February, and for our Portuguese speaking, 8razil Branch Workers and Leaders in October 2024. Global Workers. Meeting in December 2024. We also undertook initiatives targeted at empowering diverse groups within our Church Family including.. Youth Discipleship Programrne hosted in April and October for young people aged 14- 19. Neurodiversity Awareness Workshop in May 2024.
"Light Up" a get-together in September for new and returning Apprentices & Universitv Undergraduates. Two successful streams of the 9-week Marriage Preparation Programme delivered lone each during spring and autumn) that helped inspire and equip 25 couples for a blissful marital life. Work Engagement Scheme involved 8 participants having the opportunity to work in the Church Office and thereby enhance their personal skillset for career development. We are incredibly grateful to God for all our members, workers. partners, service providers, and other stakeholders and cherish His wonderful grace at work in and through every life we have touched in 2024. Our heartfelt prayer is... Now to Him who is able to Icarry out His purpose andl do superabundantly more than all that we dare ask or think linfinitely beyond our greatest prayers, hopes, or dreamsl, according to His power that is at work within us, to Him be the glory in the church and in Christ Jesus throughout all generations forever and ever. Amen Ephesians 3: 20- 21 [AMPI. We look forward expectantly to all that God has in store for us in the coming year. FINANCIAL REVIEW Reserves poIIcy The Charity has no endowment funding and is at present entirely dependent on income from donors f rom year to year which 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. unrestricted expenditure. 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 charity's programmes and the trustees consider the financial position of the charity to be satisfactorv. Principal funding sources and financial position The principal funding sources continue to be: Donations and Gift Aid £1,388,91712023: £1.442,1671 Bookshop and School £35412023: £974) Interest & Investment Income £79,028 (2023: £19.2381 The Statement of Financial Activities shows Net Incoming IIOutgoingl Resources of {£38,360) (2LJ23- 1£458,80411 and Total Funds at the year-end of £5,581,43612023.. £5,619,796)
Investment policy and objectives Under the Memorandum and Articles of Association, 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 IOO/o interest in subsidiary companies namely Gateway Incorporated Limited, Vista Hospitality Limited. and New Wine Central Limited TRUSTEES RESPONSIBILITY STATEMENT The trustees (who are also the directors of New Wine International for the purposes of company 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 incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will continue in business. The trustees are responsible for keeping proper records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for thÉ prevention 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 information 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 o ehalf of the board: Babajide Stephen Olaleye Directornrustee 18 September 2025
INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF NEW WINE INTERNATIONAL Opinion We have audited the financial staternents of New Wine International, the charitable company for the year ended 31 Decernber 2024, which comprise Staternent of Financial Artivity, 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 applicable law and United Kingdom Accounting Standard, 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the group's and of the charity's affairs as at 310ecember 2024 and of its incoming 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 Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006 Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UKI {ISAs {UKII and applicable law. Our responsibilities under those 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 charitable company in accordance with the ethical requirernents that are relevant to our audit of the f inancial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu51ons relating to going concern. In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial 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 signif icant doubt on the charity's ability to continue as a going concern 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 Information The other information cornprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. 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. io
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements. or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material rnisstatement of this 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 Art 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Trustees. report for the financial year for which the financial statements are prepared is consistent with the financial statements. 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 during the audit, we have not identified material misstatements in the strategic report or the directors. report. We have nothing to report in respect of the following matters in relation to which tlie Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of directors, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees who are also directors of the charitable company, for the purposes of Company law are responsible for the preparation of the financial staternents 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 rnaterial misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations. or have no realistic alternative but to do so. li
Auditorfs Responsibilitie5 for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financi31 statements are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UK} will always detect a material misstatement when it exists. Misstatements can arise 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 users taken on the basis of these financial statements. 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 rnisstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Discussions were held with the trustees with a view to identifying those laws and regulations that could be expected to have material impact on the financial statements. During the engagement team briefing, 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 regulations were identified as being of significance to the entity: Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards. Company Law, Charity Law, Tax and Pensions legislation and distributable profits legislation. It is considered that there are no laws and regulations for which non -compliance may be fundamental to the operating aspects of the charity- Audit procedures undertaken in response to the potential risks relating to irregularities (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; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence: review of trustees minutes- testing the appropriate tsss of entries in the nominal ledger. including journal entries; reviewing transactions around the end of the reporting period,. and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud. No instances of material non-compliance were identified. However. the likelihood of detecting irregularities including fraud, is limited by inherent difficulty in detecting irregularities, the effectiveness of the entity's controls and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be more difficult to detect than irregularities that result from error. As explained above. there is an unavoidable risk that material misstatements may not be detected even though the audit has been planned and performed in accordance with ISAS (UK) 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. 12
Use of our report This report is rnade 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 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 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 formed. Fortunatus Acquaye FCCA (Senior Statutory Auditor) For and on behalf of Hilton Accountants Statutory Auditors Unit 2, Fountayne Business Centre Broad Lane, London N15 4AG. 12 4eiJefvLLer 202 13
Neil Winc Intei'nati()nlll C¢)Ilts¢bli(J#lcd Siatement lif Financial Ac1ll"i1tes (Inrluding Income & EXnditll Accounts) fili. thc i eiii. cndf d 31 Decemhei. 21124 LfiirLsl- riLIL (iroiip (IfOUP L'l)aril ?11?4 Nol¢ Inii>n?e and E[nditu7 Re)ul.(e$ fuiids: V()liii)lan' inLome'. l)niialinns and l¥ga¥i¢s )88.917 -IIIX.C)17 1 1811l)17 -)XXI)17 l.J4? 167 l_u? l()7 1.188.917 X_917 1.44? 1{)7 .44? 1()7 IniiTrmin&tr re50UtLes friim Lh81-ilJble IILtii itie%= 13<)nk 4hop )74 l j4 79_11ti11 )74 7C).11?8 79_1)?8 1118_?97 l_i77_417 .%4.7)9 - jIMI ?{) TiTrlo1 Incibjiiiiig Re)ulL¢S l.i77_417 -46i.-ill ElndItU 4.17) 4.17) radiiig LKp¢i)ses 71F.8X4 711.884 Ch#i-it#ble xctii'itie l.i4{l.liX 1.8ii.l)71 -iJll.l j8 1.8ii.1171 Tibt#l ElnditU1 ].() l i_777 () l j.777 l.i4J.S(}.I .XiC).•4() Net Inc)me1leinditUIT) ne¢ i%"eThents in fund% fihj. the i"c#i' (28.."O1)) {JiX.8()J) {7i.7711 1191.741) Reci)ncili#tii)n ()f fund$ 'rotcil I'iiiid% Ilroiiohi l.orii<1rd at 0111 l ?()?4 i.C)19.796 i.619.796 6.1178.6(K) ().{)?.78? 6. ){)(). ) j .10111 l Fiiiids CarriLd Fotli'dnl al .1 I l? ?1}?4 j. j81.41CI i.619.7W) ().1 ?7 {1119 6 ?117.78? -IIIL iiolL8 011 pagcs 17 to ?6 lon)) patl ol- Ih¢* IiiiaiiLial %lat¢iii¢iils 14
Wine Intl'rnational ConsolidatL.d and Ch#riti' Stat¢Mi1 of Financial Po$ilion a$ di 31 DecL'mher 2024 CJrc)up 0?4 (Iroup Lhuriti. ?0?4 Cljaiill ?{i?I .Note li 14 j.j?l ??4 i,7(Kh.11'4 4.4_76.1111 I i{Mi 4.47() l() I 4. j8y ')() j i.7(Kl¥I4 4.iX(}.211) CurrL'nt A$sL.t$ Ii)i Lnlc) 'I'riidL fLLL'li"dblL% IJ9 4(Ml_4?? ()4_1 ix I 18C).-1_14 1.87 j.114() 18j.11()8 2.7(10.117 ii().()()7 ? l()1 11() CJ(11.471 Cr¢.diti)r%: Ami)unl¥ fallin% dul. ij"ithin one l'ear Ic 1(17.))? 1(14_-iiH -i71 -IIX.j43 NL.t Currl'nt Asse¢$ 11().lj9 -A)8.7()) l.Y.I l.i74 Tfjtal A¥$tt% kn.%¥ Curri1 LiabilitiL'$ j.()17.71)1 ).411i. l )() (?. j2(1.77() Crn.di¢ors". Amount$ fallin2 dui. oii"r )nt' IL'ar 17 ?78.147 117.997 ?78.147 117()97 .5.5x1,436 S,619.796 6.127.1I1I9 6.2112.7112 RLpfL'8Lnted Bi.: Ni)li-C hJ¥iltil)IL "I rJdiiig Funds lJi)rLstriLtL.a F'una i)4 j, j71) 6_1 ?7 (Kll) -5.$111.436 19 1 ?7.(K19 6,127,1)1)9 5.619.796 6,2n2,7112 'I-IIL I-lnl(lI stdlLirn'nts hai'L FK'Ln prLre in dcLc)rdanLL iiith ihL pri)i'ision% appliLable Ici ci)mrMnie% %ubjLLI Ic) IhL -l-hL linaiicidl btcltLlrn'nt% IierL arTJn)i'ed hN' IhL ixmrd i)n... ...... iK"hiill- b ?0?) and c)n ils 14iia I'.nuiMnLI ( klidi DireLtikrrrN.4tL'I' IL'111. St4)hen ( )lalvi'L ru%lL'e Rc%i$tratitsn number: 04112629 '[ IIL nolLs i)Tl P(IgLS 17 11) ?() li)nn pirt ol. Ihe%e l-murn'lcil _%1al¥nkIS 15
Ncii w.inc InlLrnativn#l
Con%¢Jliddted Cash Floij Statement
Ycar cnded 31 DeLL'mher 2024
2024
21123
Cash floii'% frnm operating aclii"i¢ies:
Ncl incoiiic/(eNpciiscs) lor Ilie reporting riod Ids Ir
Illc slciiciiiciII of fiikiiici¢l142clii-itics)
Ad.ju%tment¥ for..
Dcprcci
ew Il'ini, InivrnJ¢innJl flir Iht iellr 311)ecem1r 21124 1.1 Ilu%l% lif prepJiinx ih¢ fin#ii¢i41 %tatements i)I' IljLI)iiiiIKiiikxl Prthiliii appli¥abl¥ Iu ih.iril PNTJiYing Ilk'ir 111 iiiili Ihi l.'u131Kial R4'PiY1111¥ %1.'iiiil.-Ird.'Ipplii'ibl¥' in Ilk. E'k anJ lh¢ RE,thI1 ol. I.711 {l.'RS11121 l J7tr% 21115 IC'lidnlii% %1 )Rl' Il.'R% 11)21. 111. 1.1114liKiuI )rtIlI7 ¥IthMlard appli4.Ihli iii IIK I'K- lh¢ R¥yiblii i. lThlai '1IIL Lliariti ihL ¢k,luiil1i iTrl-a pithli¥ bLIL'lit enlit!" l.RS 1112. 'IIK linaii¥iJl h¢¥41 ryL'parkxI 1.2 ( (ynvillil#t¢d flDJnrlJl %tutink'n¢ liil¥YCI)iiipnni" 1rn114oLli111s 11 h#l#li gnwp ¢iM)paiiliS tha¥lLY¥ ¥liminaioJ in lull. .3 Inriiinlng bUrri,y 1.4 '1'#n&ylhle nAed Ik'pTLKi#liiiii is pn)i'idknd thi ¢al¥iilAluJ li) wriK' c)Il'ihb ¢ClSt or i'&111. ¢s1iniaithl rknidual I'alli l)1'¥4¢11 'rlI1)ILl PTilPall' 4111 ccbl Il'li¥f¥ Uliiriiil b¥ dir¥iili- 0ttrihLii Ic) parli¢ular h¥4dings IIiL- h&i'¥ alliKaid i() aililitl¥•% fNi a ha%1% R¥%lfiLl liiiid% 11 iinl%' . liv particiilar ro1rirt pi1rFrt)s i%iihin th iihJ¥xl% ()t-t1i thaiill" R¢%lricti4S ari li) %PELili¢d bv ihkn dI()r Ir 11h tund5 arL" rais¥xl l()r wtiiular r1(1j I n['In¢t l."iiiids Laii b¢ Iikxl in th¢c4Ydanc¥ wilh Th¢ Ehorilablkn al th¢ di1¢r¥1{Al ()t-rfi.1-rtlSfi% l.¥ I'instin cnsls unil (Ithvr pn$t- rel1Mei l¥fntll¢ -1 li ililirilqhl Illllllljllll n i1¥liiicl iiiiilribiiliixi LcMtrihuIi(% ¥bI¥ lo Ill ChaTi1obl¥ Q'<rtllPlil11's ¢haTgd lii Ih¢ Sthtthiu)I i)l-l.inaiici*l .4ctii'ili¥% in TKYIINI li) iihicli fknlal¢. 17
New Wlnè International N()Ic% to Aii()unt$ flit. the i'eai. ended 31 Dtcember 2024 I l) Fi)i'iiikTI) Cui'i-e15LiV% Moii¢lHTI :1.'t5 aiml liahilili¢s in lorLi81) LurrLIIIiL"% ar¢ IrHn%l#iLd ii)to slLTliiig al i1. TAIL5 01- LILhaiig¢ niliiig al IhL biilaiiLL SIILLI dati. '] raiisJLIiv115 111 1()riYgii LiifrLIILiL% IifL trRii%latLd Iiiti) 4l¥rliiig Ht 11K' r&tL rLiliii8 (iii IhL dali ol- lh¥ IraiiSaLtioi). LxLtuiigL Jil-l¢i¥nLLS arL takLlI illto a¢0111 iii arrii'iiig ai IIiL 11;INli li11,'111¥11111155LIs. illLliiding trddL niid ()IhL"I d¢bic?r%. 11iid d¥bi4 Iruiii rlloled purtlLS arc iniliall I I Cii*h iiiid C.'1141i Equil11)I% L.; .11 Eiiid LLis1) LqLiiiul¥iil% JrL rLprL.iIlLJ M La%li iii haiid Ji)J JLp()5lt% liLld al iiiil) fiiiaiiLial IIJisiL liiilli)Lliil licjhililics. ii)Iludiiig IradL. rL.lal¥d purli¢% nd otlK'r LfLditors. lon115 Iroin Iliird parti¥% 1111 IJIIITL l)Ji IilLiil¥ Ji%()IiiilLMI ul a nrLI rutL ()I' jiilLrL%l. %uLII ii15triiiiK'iil% arL suh%¥yiiLiiIII- LarriLxl IiilLr¥s1 illL(FiiIL Is rkKI)¥lliSLxI ii) prolil or l()ss iisiii¥ thc Lilcilii¥ iliiLfLSt IllLilI. 4 Gi)inki ciiii(ci' Ai Illi Lii(I Ill. Il)L l-¥fjlf IhL group has IK't iurrLiiI (?l- Ll R().151) aiid ilLI as4¢ls ol. L5.115C). jlll I1)1s Iiii% rL%iili¥J iii ii%ii)¥ iiilliilioii i%hiLh is ¥ip¥il¥il in ailrLI ihL Lo¥1 ol. lil'i118 01.LhU1l IiiciiihLYs Ili¥ risk% pusLJ bi ilIL Lrisi%. ¢iisuriii8 iorllpliaiKe iiiil? solikLLPI118 iLLLid¥liiiL%. -I'lity Iriisl¢Ls prLpurL rLgiilur maiiaycnKiil rvp()rts aiid haTrL colis1dcrL rLI'iscd lorL'Lasliii8 lor aiid Ili¢ b()Iird Ii:i% J rL'a%u111i blL LIlIall(}i) ihdl IIILIL arL adL(iualL NlIrLS In i()iilii)iK" iiiili Illl groLIP'S op[all()i)S iii th¢ lOre.abIL l-uliiTC. 'I'hLfLI()TL II)L" gfoLIP Lolltiiiucs lo adopi Ili¥ 8oiiig LOIILLni basis 111 pfLyariiig ils 18
New Wine International IYi)¢ei tib AeLount8 for the l'ear ended 31 Decemher 2024 1.16 Giii"L'rnment GrAnt (Ji)I kmiiiL'I)I g)rJiils drL fL'CI)gntQ In ihL pn-llit and <2LL(Iiinl in ali uppri)PlldlL' niill)llLY IliJi malLhL IhLin li ith ihL L'XPL'iidilurn. li)ii ard.% iiliicli Ihll" fLl<ilLII Ici. All grtintx in Ilie ilJliinLnl i)I' I'inanLial a¥lii'itlLS dre rLLI)gnlQ ii'hLn all ¥i)nJitions hai'L biLn LL)mpliLd ii'ilh. 19
New Wine International IYible$ To Aiiiiunts fir the c'ndLd 31 D.rnber 21124 (Ircliip UnrL's1riLl¢d ljnrlnLtCd I InrL'%tI"i¥l¢d I5nr¢ilriLtLxI 2. thbnHti()n¥ #n(1 LL'xaLieg 18i.Il.)4 ?() ) X14I I,IXi 1114 ?Ii_I xx.3 i ?11.7l)7 i ??17()7 (lil'i Aid 1 l88,l)17 1.-3XX.1117 -44? 1()1 .44: 1()7 Cifi)LlP Lhdrili. CTri)up Lhcirili. 3. Shi)p ini'()me lJnrLlriLILd lJnrL%in¥tLxI lJnrL%lriLILxI I InrL%lI'iLlcd hi)l) iilLI)mL VLI)diiigF mu¥hinL ()88 (i¥lS )X() 147 47 .li4 1)74 174 (iri)ui) L'horill, 211?.1 ?11?.3 l JnrL%lriitLd I Itri¥l 71124 InrLslriLl¥d lJnrL*lriLILIJ 4. Ini'Ll¥tmi'nt In¢()me l)Ll){i%iI JLLI)Iiiil iiil¥fLxI Il¥iil I'LLLII'LLI - I'Lin C'L)1141¥L j.2{1? 17.(4NI 17.C4XI )(}.??() 71) 11?x l ().(l(Kl ICI.IMMI 7111 l?X l. U¢her Inii>me 2(1?4 21124 21)2.1 In%iirdllLL pr()LcLxI ill. Pdl'k-In¥ x?1 x?1 C). Trthding InL(Jme Cniti 2(1?4 21)24 .1 r<iding) In¥iiniL 14.7 jl) Aclininistrali()n I InrLL()I'LfLd lilis i)n bunk- dLwunl (711.8x41 (5().1841 ( Jl (}.i() I 1711 l)ILrJlin8 lJi'()I'ii/ll.cli%) (C)i.IK) l ) I'ri)lill(l.oxs) 3-.411 20
NLIM. WÉne International Not¢% To ALount$ for the l.ear ended 31 December 2024 7. Co811)f charitable aetii'itie$ UnrLtnLtL•d Lk'sigiwl¢d Re51nLt¢xl Tolal Tol81 liil-r Ll)s1% (niilL' 12) VciliinlLLI' LI)s1 IIL'nl Jiid I'JIL'S l)ri)pLni & L'ciiiipnienl in%LifiillLe 5iil-l- lllidiLal and lilL ill%uf42llLe l.ighting aiid hLdling CL)mmuniLalic)ii & InlLmLI jj9_1189 jj?.1189 5()C).-l. 16..7711 ?4.1)7( ?4.()711 -1.98_1 16..li9 ?(}.?71 ?7. jR7 I l.i7() 111.979 l(1.979 19._A17 19.-117 i117 I l()()k"s di)d libran" InbYLlism & mi.iC)ns Lhnslian LLl¢brtilion. -311th anni1'Lfrn' LLILbralicin LhiirLh minisln" '[ r4iinin&y LXPLnsL' I I. :iiid Ll)iiiiiuILY LXtth¥e .%LII'ILL cliai'g¢ RLPLlir% and nlaiiiluan¥ 'I'V and r:Idii) bnjadca1 fLllarL' & ciulrLaLh Ll'Lnl Chrislicql) Liini-LnliL)ll uIi.%LllI)lii>iTri & IILLnLe l)Ll)fL'iialioii - lixtuK'% & litting l)LpfL'¥iali()n - IrLLhcild prcTrtrti' I k'iirLLldlic)n plant & maLhinen' Mi)11gilgL InlLILt i117 76.llj I 76.lljl 14%.C?_U 49.i8i J7.7()9 41).?9) ?)? jll Xl l()8 )o.I ?? ()71 ({).71)1 (A).791 •1.98A i8.9.•4 67.7?1 -ic}.x Ix 411 ?IK) 88.?411 ).4(1? 9.411? l? jl() 111 ?47 l_Al.{kn9 ?).6%1 ? j.681 4.7jl) IILiiliql INtKnailiirL ill.(kn9 iO.669 7. j?4 Qi()ILrncillLL (n(I1¢ 81 -1117 l.iJll )iX All IliL L l.i411..3i8 in ?11?4 I1"as Lliarg¥d li) unrkQnQlL lund%. lJnrL'slnLied l)¢%ignal¥d R¥[ILl 'l-i)tal 8. Goi'ernance c()4t$ Audili)l- i S-VIIILinLraliiin l (l.i(K) 3C).33i (i L)14? -¥17 Jnk ¢hdrgL ().98? -¥17 ).19è4 21
em. W'"ine Intern41ti()nal N()te¥ t() ALcount$ fibr ¢h¢ )¢ar ended 31 Deiemher 21124 g. C()¥t ()f r#iiin% fund8 Unre%lrict¢d IX.si8natcd RLslriCiLd ?(1)4 2021 ). l B()Ibk Shibp l )ii'iiiiig) slL)Lk' l)IirLhaL'. L'l()iiigp %lL)Lk' 4,i_li 4.17) 4.17) All IhL l4.ili In ?0?4 1I'a% LhargLxI li) UnreriLILd l undTh. 111. Iyel ini'(>mLI(eipenditur¢) NLI in¥(Iii)¥llLNI)Ll)diliirL) 1% %lalLd aftLr ?1}?4 AuJili)r% rLIiiuii¥fiiliiin l)L'pfL'Liiilii)i) I l) jlK) Ill.)[) l j. j7() ?() 117(1 I l. TrustL'i'¥' RL'muni'r#tiibn and Benefit¥ NÉ) Iiii%lLL I'LLLII L<1 illll I'LIIIIII)Ll'cil i(?i)Ii'Llund% i)T IK'nLI'il% in Il)L I'idr (iri)ui) ?1124 (iriTrup 21121 12. Stuff C()8t8 21124 471.4X() 47.119 4X7.i72 471.4X() 47 1.Ic) -3 1.4CI4 JX7. j7? -nipli>i'Lr'N nuli()Iliil in%LiranLL l)¥n%ii)n ¥1151 lJ.?1)7 )({) 3_14 -34.?1)7 ){{) 1.34 'I'hL Ill'LI'agJL nutnk.r (Il- LThpli)I'¢L"% hi" l-unilii)n ii"a%." ?(1?4 ?(}2.1 14 IC) ul)%idiJn' undLrtaking 14 ThL nLiinl)Lr c)I' Lmi)Ic)I"Leb iihi)se L'mploi'ee k.nLtils (LiLluJing Lmp1171'¥f pl1(}n LC)%l%l exLeeding L()O.(HX) 11 %15". ?i}?I 22
.NeM' Il'in International .Note¥ tib .IL¢¥)unts fi)i' the iexr ended 31 Ikctmher 2024 Fiimiiuri. F.quipiiiLYil PTC)lYrt MJiliiHen -I'otal Ai l Jaiiikari 2024 Addiii()1Tr 8.087 1)46 4}.792 12.1.7(1 1 X.492.7711 2.4.452 AI .1 I I)LL¥lI)h¥T 21)24 x.111)7.7_18 111.525 X.) l(}.2?2 2.AU.(120 211. 174 •.411{I C)X8 l i().O.l.I 2.7() I I)4(? 2U I.() j2 LliJrb¥ IL)r tlIL %'Lor 24.C)45 Ai .1 I l)L¥LI)IbL'r 2024 250.4M)J 2.6.17.1121 2.91)2 1)1) Ai .8 I l)LiLIjI.r 21)24 Ai .11 l )¥¥¥iiib¥r 21)2.1 .Jl)1).717 j.(Tll(i IJ jll 28.541 4.1.425 j x?1 7?4 511.441 .1)lIty ('hrih l.Iimiiur¥' MuLhiiiLri' 1).54X.(?40 l).71)2 17.2().1 Y.7()2 () 1).17.482 2.1.452 -l.111)8 AI .1 I I)LLilnhLr 21124 27$ 477 C).5iX.4.12 127.025 l)c'pi'ec?tii)n'. 221.145 211..174 2.05.1.()02 11.247 7.1.X4(1 24.()45 2. 14X.-577 17(>.2(rf> AI .1 I I)LXLlI)bLI 21124 241.509 2. IX4.X4Y 9X.485 2.524.84.1 Ai .11 l )¥¥¢iiibir 21124 Ai .11 l)¥¥¥iiibLr 21)2.1 -1 l (}(}8 511.444 4.171 SRI 4.44) j.Ii_Ix 28.54(1 4 IXX ()115 14. liixed .1¥¥¢ InTr"e¥tmeiit IliidLTrnllk-i118 SharLs -1.oial AI .A I I)LLL'iiihL'r 21Tr24 AI .A I I)LLLiiibL'r 21F2 1 -100 -Ri)o "I'hLrty' Iic) iiii'c4tniLnl as.1% tldti ihL IJK. 'I"h¥ Lf)11)paiii % Ini'LsliMLnts reprct l(W shaiL hvldin¥% in (iali'iia!. In14)rsxirntI l.Id. Visth I IL)Spi11Th. l.td aild Neil Wtn¥ LenlTal l.td all ol'iiliiLh ArL' IllLiyrpcTrrJlL.J iii Unilcd Kin¥doni. 23
Ntm Il'li)e Internatlonl fni. thr Tre#r ¢ndil 31 1)efL'mbrr 2024 IS. 'I'n)di, Reitliuhle 6TI)UP Cirimlp Ch2rih' LhariTh' iiiiiiinl% hi. gTL)LiP lindyIaking$ 1.74? 7XL) b6.¥14 88 144 7511 176..17.1 4) S.1() IXl).A14 .¥74 114L) Ily. C'idItiii'. .Imiiui)¢¥ fulling ilue withln line Cir(wp Lhariti. Lharil lJ?4 64.IW7 54.xix (IX.4X 54.11.IX 6X.4112 7:.¥45 X7.11117 74.(?1(> 7.917 65.111(I ?2. 177 ?()..14 1 1?? $71 47.1111 11)7. .I•X.44.1 (in)Iip (Trcwp Lliarits. Lhari 2()?.I 27X.147 •7y.147 14.A71) 117.4)4)7 77X.147 ?7X.147 .117.IP)7 ralist Ilalan Vl Ul ): nri'¥liii'l4'11 funil$ 5.614).7y6 477.417 1.615.777 IILhii¥l i )li)INILT¥ l.¢¥#LI- luiid %77.417 1.615.777 4 qXI.4.1(1 I-'IlT¥4tri¢lcd LhAritahl¥ I.Y6X.765 4.4 IC?.()Yl 1278.1471 .io( 6.1:7.01)1) (1.6_1• 4061 1.087.1.1.1 -11()..119 l.iiaii uiid limig lknyrii •7X.1471 IiIK)} 1444 471 5 481_416 l iire¥trlrt411 tr-uiid 'IIIE iinrklriilid lijid i)I' £C).12 1.(MJg 1% ina(li Ilp i)r £1_9C?8.76% in n¢1 ¥iureni aJyJ £4 41C).lJ91 io li..d 24
Nem WinL. Internativnal for the l'ear endL.d JI December ?0?4 ?0. Suhlidiari" Cijmpanies 'I'IIL Ll)Iiiiiaiii" ()iiiis ihi iihi)IL" ()l- IIK. ibiuLxI i)rdinJrn %hJr¥ Lapital c)l-("i4ilL'iiai Inuirpi)ratLd Ltd. I LI)IIIPilTlI' inu4)fpL)ratLd in IJK i)n ?() Jurn. ?IMIS. I'IK. %ub%idian' is IL*d li)r Ll)IniiiLrcidl aLlii'iliL'S. It als() ()iins thL iihiilL iil-tIIL is%ucd ()rdiiLiri- L)l-aiu)thLr Ll)llipcin!. Visla I Ic)%piiulili' l.Id. LI)IIIP¢ini- inL()rpi)111lLd in I IK i)n I l April ?IX)11 -l-his %uh%iaiJn Is ILir c()11)iyic'rLial 'iclii'itlL A third company. New Wine Central Ltd incorporated on 20 August 2018 in the UK is also wholly owned. 'fhL sub%idian 1% SC. liir Li)11)IIIL'fLial aLlii'itlL%. iii))mari ()l- tIK' re8ult% É)1 the subsidiarie% are thc)iin bel()ii" Visld Il)rp{)rat¥ Ili)bi)italit!" l.td l.ld ?0?4 ?U74 CialLiiai' lil)rp()r&1Lxl I Icispilalil! Ceniral l.ld 1)I4 L'Luilral l.td l.td 'I'rdding Incc)niL 11I8.?97 ?4.7)9 Adii)inistrcili()n l)thLf i)PLrdling inLIIIIIL 1711.8841 (i6.IA41 (711.%X41 (iC)_IX41 ()pLraling Pr()litl{l.()%s) lJnrLYi)i'urLd l()s¥ Ir()ni bank. SLirplus -17.41_1 (71.4?)) 141.(?IC)I 17.41_1 I'he c?ggrL'g2c (L. Ill- thL' a&tsL'l%. lidbilitiL'% tLma% IILr¢'. l ?8 l.(rf)(} (1.¥5!7.4 1<)) ii4j.7711 i(x) l(KJ 1.169.06? 11.7)? 7481 li81 18(11 l.icibilitiLs 'ri)tal l.ill 21. Relali'(I parti. di%clo%urei NL%I W'IiiL IiitLniati()nal li d IIMP/o holding pCnI ol-cidieiia!. 1.()r)raied l.iniitd a pn)i)vTts' Ixilding cÉ)tnpan!,. At IIIL. Lnd c)i- IhL' i L¢ir (T1t¢ll41 IrK()rp()rated liii)ited ()11 NLII Wine IiilLmaliiinal £1.74? 789 (711? l Ll.71 ().?881. [lsL of Prtmiies. NLiI II'"ii)L InlLmall()I J pn)pLrtt' c)lin¢ bi. its %ubsidiar¥' CialLiiai' IIK l.td tree lil. charge. Ai IhL" bdlanLL )IILLI ddtL. CialLiiai" IiiL l.ld i)IlL NLII InlLnidlii)iul L1.74 ? Y.41) (?{)! l £1.71 (I.!XX I dl ni) 11)ILr¢s1 As 2L ckn1111I. NLiI WinL Iii(irnalic)nal is ¢x¢iiii)I Iiiii]i (ITI ItKI)IllL fiillin¥J iiithin SLiti()n illi ()i- Il)L -faxLS Act I1)88 ()r ieLtit)n 2)? i)I' tIiL "la%ation ol'CI]argLablL (Jains ALI 199? IL) thL Lilciii thai thctyL' drL dppliud ic) il ?3. .n('r1 Infiirmatii)n NLII WinL InlLmalii>nal. RLgislLrcd nulli.[ 11411 ?()?(). Is a i(Jiiii)ai)I litllilLd bi >tran[eL. illLI)fiK7idlLLI iii l..Iigl4iiid WiilL% and is al) a rLgistLrLTrd Llurili ickntili" nutnbLr 11)¥iOi. i. l-h¢' rL"bJi%lLftyd Iil-liLL at (ialLlld! I l()ILse. Ji)lui i'il%iTrn %irLLt. l.ond()n %F.- 18 6QV. 25