New Wine Cymru Limited Company Registration Number: 05054946 Registered Charity Number.. 1106303 New Wine Cymru Limited Trustees, report and Financial Statements for the year ended 31st Dècember 2024
New Wine Cymru Limited Company Registration Number.. 05054946 Registered Charity Number.. 1106303 Contents Page Legal and administrative information Trustees report Independent Examination report statement of financial activities Balance sheet Notes to the financial statements 8-11
New Wine Cymru Limited Company Registration Number: 05054946 Registered Charity Number.. 1106303 Le al and administrative information Company Name: New Wine Cymru Limited Charity Number.. 1106303 Address.. Cornerstone Centre 32 Mynydd Newydd Road Penlan Swansea SA5 SAE Trustees: Robert Ivor Jones Paul Griffiths (resigned 01.09.20251 Kathryn Maria Tyler Andrew March Lawrence Independent Examiner.. Nicola Lewis- EasyBooks (Wales) Ltd Unit 4, Dragon 24, North Dock Llanelli SA15 2LF
New Wine Cymru Limited Company Registration Number: 05054946 Registered Charity Number.. 1106303 ort of the Trustees For the year ended 31 December 2024 The trustees present their report and the financial statements for the year ended 31 December 2024. The truslees who served during the year and up to the date of this report are set out on page 1. Governing Document New Wine Cymru is a registered charity number 1106303 and a company limited by guarantee and was incorporated on 25th February 2004 and registered as a charity on 13th October 2004. The charitable company is governed by a memorandum and articles of association. Trustees are elected by the members and none have any interest in the charity. The charity is managed by the Board of Trustees which decides upon strategic and policy matters and is supported by an Operations Manager. Objectives The company's principal activity was to advance the Christian religion in Wales The Directors have given due regard to the guidance issued by the Charity Commission on public benefit and, in particular, the specific guidancè on charities for the advancement of religion. The charity seeks to change the lives for the good of the spiritual, moral, ethical and practical ways to reflect and demonstrate the Christian Faith. The Directors are committed to enabling as many people as possible to benefit from the charity's activities. Some activities are offered or provided at no cost and when a charge is made this may be kept to a minimum or subsidised to enable people at attend. The Directors look to concentrate the charity's activities principally within Wales. Particular emphasis is placed on working with churches and church leaders. Achievements, Activities and Performance REPORT ON ACTIVITIES This section on the report focuses on the period April 2024 to March 2025. The need for precautionary measures due to Covid are now no longer needed and NWC has been able to meet face to face in an unrestricted manner across all teams. TEAM MEETINGS New Wine Cymru (NWC) Teams {Apostolic team, Core team and Directors) have held regular meetings throughout the year focusing on the strategic issues which enable NWC to move forward in its vision and mission. The National Apostolic Team were able to hold a 2 day retreat in late Autumn 2024 to worship. pray and work through a number of these strategic issues. Some overseas friends joined us for this time. Afurther 2 day retreatwas held in February 2025 where we unanimouslyfound clarity and direction concerning our approach to help develop and release Eph 4 ministries among the churches across Wales. The Core Team met several times throughout the year and continued to focus on the issues at the heart of NWC'S ministry. The Directors met both on-line and in person to fulfil their duties with the AGM taking place in December 2024.
New Wine Cymru Limited Company Registration Number.. 05054946 Registered Charity Number.. 1106303 ANNUAL CONFERENCE 2024 The Annual Conference was held over 2 days in June and was well attended. The eventwas hosted again by Cornerstone Church who served the conference delegates in such a wonderful way. Our guest speakers this year were Andrew Ollerton, Roger Ellis and Rachel Jordan-wolf alongside Julian and Sarah Richards who all brought encouraging and challenging messages to the conference around the place of the Word in mission. JULIAN'S APOSTOLIC MINISTRY Throughout 2025, Julian has been able to travel widely across Wales as well as overseas, furthering the reach and influence of NWC. He has also been able to visit each of the regions as part of the missional pathways initiative, bringing encouragement on creating a culture of mission within our churches. Healing cafes. Regional Leaders. Days and Sunday preaching have seen Julian visit many church across the regions through this year. PRAYER INITIATIVE Throughout 2025. NWC will galher churches in each of the 7 regions to pray for unity, growth and mission across the nation. These gatherings will be broadcast live so that people will be able to join in from any of the regions. The initial gatherings have been wéll attended and are helping to develop the increasing appetite for prayer around the nation. Financial review Policy on reserves The directors have established a reserves policy that the charity should hold sufficient funds in reserve to meet its normal operating costs excluding events and one-off items of expenditure for a period of six months. Where reserves fall below this level, the board will seek ways to re-esiablish reserves over a prudent period of time lo the level set in the policy. statement of trustees. res onsibilities The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Law applicable to charities in England and Wales requires the trustees to prepare financial stalements for each financial year which give a true and fair view of charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to.. select suitable accounting policies and then apply them consistently: make judgement5 and estimates that are reasonable and prudent; and prepare the financial statements on the going ¢oncem basis unless it is inappropriate to presumè that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial posits'on of the charity and enable them to ensure that the financial statements comply wilh the Charities Act 2011. Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
New Wine Cymru Limited Company Registration Number.. 05054946 Registered Charity Number.. 1106303 The trustees declare .,iat they have approved the trustees, report above. On behalf of the board Signed.. .Trustee 10 AtslD(IE¥Q MARi14 LtrIL F2EfrJLL Print Name......... 41Page
New Wine Cymru Limited Company Registration Number: 05054946 Registered Charity Number.. 1106303 Inde endent Examiner's Re ort to the trustees of New Wine Cymru Limited for the Year Ending 31st December 2024 Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities A¢t) and that an independent examination is needed. I have been appointed as independent examiner under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 145 of that Act. My responsibility is to examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general directions given by the Charity Commission {under section 145{51(b) of the Charilies Act, and to state whether parti¢ular matters have come to our attention. Basis of Independent examiner's statement I have examined the financial statements of New Wine Cymru Limited for the year ended 31st December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice). This report is made solely to the charity's trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examination work has been undertaken so that I might state to the charity's trustees those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity's trustees as a body, for any audit work, for this report, or for the opinions I have formed. Independent examiner's statement In connection with my examination. no matter has come to my attention (other than that disclosed below) Which gives me reasonable cause to believe that in. any material respect, the requirements.. To keep accounting records in accordance with section 130 of the Charities Act., and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met., or To which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Nicola Jayne Lewis Date 281h October 2025
New Wine Cymru Limited Company Registration Number.. 05054946 Registered Charity Number.. 1106303 ststement of Financial Activities for the year ended 31st December 2024 Unrestricted Restricted Funds Funds Totsl Funds notes Last Year INCOME Donations and legacies Grants reCeId - Unrestricted Grants receivad - Restricted Income from EnIS and Trading Actimties Tax Rebale from Gift Aid Bank Interest ReCeId other income 43.246 43,246 34,759 15,000 25,231 5.159 1.741 25,231 5,159 1,741 26,279 4.364 834 332 TOTAL INCOME 75,377 75,377 81.568 EXPENDITURE GrantslGifts in fijrtherance of objectiS Expenditure on Charitable Aclimlies 2,000 81.941 2,000 83.501 2,000 84.436 1.560 TOTAL EXPENDITURE 83,941 1.560 85,501 86.436 NET INCOME Before transfers (8,565) 11.560) 110.1251 (4.8681 Transfers Between Funds NET MOVEMENT IN FUNDS (8,565) 11,5601 110,125) {4,8681 Total Funds Brought Fomard 40,278 17,038 57.316 62,184 Total Funds Carried Forward 31,714 15,478 47.192 57,316
New Wine Cymru Limited Company Registration Number.. 05054946 Registered Charity Number.. 1106303 Balance Sheet notes Unrestricted Restricted Funds Funds Total Funds Last Year as at 31st December 2024 Fixed Assets Fixed Assets -Tangible Current Assets Debtors Bank & Cash 35 io 4,263 38.425 42.688 4.263 53,903 58,166 4,007 68,048 72,055 15,478 15.478 Current Liabilities Creditors & Accruals fa41in due withln 1 ear 11 10,975 10,975 14,774 10,975 10,975 14,774 Net Current Assets 31,714 15.478 47,192 57.281 Totsl Assets less Current Liabilities 31,714 15,478 47,192 57.316 Creditors Falling due afler 1 year Total Net Assets 31,714 15,478 47,192 57,316 Fund Balances Funds Bld Net M0ment of fijnds 40.278 -8,565 17,038 (1,560) 57,316 (10,125) 62,184 {4,868) TOTAL FUNDS 31,714 15,478 47.192 57,316 The charitable company is entitled to exemption from audit under Section 477 oflhe Companies Act 2006 relating to small companies. The members ha nol required the charitable Gompany to obtain an audit of its financial statements in accordance with Section 476 oflhe Companies Act 2006. The directorsltrustees aCknOedge their responsibilities fr)r complying with the requirements of the Companies AGI wilh respect to accounting records and the preparation of accounts. These accounts hava been prepared in accordance WTth the promsions applicable to small companies subject to the small companies -.gime and in accordance with FRS102 SORP. The financial statements were apprOd by the Board on were signed on it5 behalf by: 30 OctobL) i- Zoig and Signed...... DirectorlTru AfvJoQtKJ MAQLH uhw L Print Name.................................................. 71Page
New Wine Cymru Limited Company Registration Number: 05054946 Registered Charity Number.. 1106303 Notes to the financial statements for the year ended 31 December 2024 1. Basis of preparation 1.1. Basis of accounting The financial ststements are prepared under the historical cost convention and in accordance with the Slatement of Recommended Practice 'Accounting and Reporting by Charities.. Statement of Recommended Practice, {SORP FRS102) and with the Charities Act. 1.2. Change in Basis of Accounling There has been no change in the accounling methods this year. 1.3. Changes to previous Accounts No changes have been made to ac¢ounts for the previous years. 2. Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year. 2.1 Income All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income- Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified. and a third party is bearing the cost. The value of services provided by volunteers has not been included. Tax Reclaims are included in the SOFA at the same time as the gift to which they relate. Grants, including grants for the purchase of fixed assets. are recognised in full in the Statement of Financial Activities in the year in which they are receivable. Income from investments is included in the year in which it is receivable. Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified. 2.2 Expenditure Expenditure is recognised on an accrual basis as a liability is incurred. Expendilure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure is recognised in the year in which it is incurred. 2.3 Tangible fixed assets and depreciation Tangible fixed assets are ststed at cost less accumulated depreciation. Depreciation is provided at rales calculated to write off the cost less residual value of each asset over it5 expected useful life, on a straight-line basis as follow5.. Equipment 2.4 Taxation The charity is exempt from corporation tax on its charitable activities.
New Wine Cymru Limited Company Registration Number.. 05054946 Registered Charity Number.. 1106303 3. Analysis of Income This Year Lastyear General Gifts and Donations Grants Income from Actimties Gifi Aid Reclaims Other Income Bank Interest 43,246 34,759 15,000 26,279 4,364 332 25,231 5,159 1,741 75,377 834 81,568 No income this year relates to restricled funds 4. Analysis of Expenditure 4.1 Charitable Activities Costs are as follows.. This Year Lastyear Wages. Salaries & Associated Costs Cymtu Leadership Trust Insurance 30,265 25,035 1,594 3,924 5.638 6,218 7,592 1,130 860 30.545 25,000 1,506 3.700 6,764 9,154 7,277 Rent, Rates, Light & Heat Conferences Administration Costs Elent Expenses Tra1 and subsistence Subscriplions & Donations Book Keeping & Accounting Bank Charges Depreciation 720 350 490 35 140 83,501 84.436 4.2 The financial value of volunteer time has not been included in the financial statements but forms a crucial part of the success of the organisation. 5. Trustee Expenses There were no trustee expenses reimbursed during this year or the previous year. 6. Audit & Accounting Fees The accounting fees includes the fee for Independent Examination. 7. Staff Expenditure
New Wine Cymru Limited Company Registration Number.. 05054946 Registered Charity Number: 1106303 7.1 Staff Costs include.. this Year 30.265 895 Last Year 29.650 895 Gross Wa es & Salaries Pension Costs ind. ER NI 7.2 Number of Em ees This Year Last Year Full time em ees ore uivalenl No employees received emoluments in excess of £60,000 8. Grant making £2000 was paid out as a donation to Cornerstone Church from unrestricted fund5. 9. Fixed Assets Equipment Total Opening Balance Cost ditions in Year Disposals in Year Closing Balance at Cost 5.372 5,372 5.372 5.372 Opening kcumulated Depreciation Charge for sear Released on Disposal Closing NLcumulated Depreciation 5.337 35 5,337 35 5.372 5,372 Closing Net Book Value No assets have been re-valued during this year or the previous year. 10. Debtors and Prepayments Are broken down as follows.. This Year LastYBar Trade Debtors Prepaymenls Gift Aid 1,768 2.495 4,263 1,843 2,164 4,007 11. Creditors and Accruals
New Wine Cymru Limited Company Regislration Number.. 05054946 Registered Charity Number: 1106303 Amounts falling due within 1 year are as follows.. This Year Lastyear Trade Creditors Defeed Income 8.850 1.722 403 13,053 1,721 Accruals PAYE 10,975 14,774 12. Transactions with Related Parties 12.1 Remuneration and benefits No amounts were paid to Irustees as salary in this year or the previous year. 12.2 Loans No loans were made to the trustees or related parties during this year or the previous year. 12.3 Cornerstone Church Sarah Richards (the wife of Julian Richards) is the senior leader of Cornerstone Church. Cornerstone church provides office facilities to New Wine Cymru at a cost of £3,540 {£3.700 for 20231. The charity also made a gift of £2,000 to Cornerstone Church in this year.1£2,000 in 20231 12.4 Cymru Leadership Trust Julian Richards fulfils the role of National Leader of New Wine Cymru. Payment of £25,035 (£25.000 in 2023} was made to Cymru Leadership Trust {of which Julian Richards is an employee), in recognition of his time commitment and other expenses from his role in New Wine Cymru. 13. Funds Analysis Analysis of funds for the year are as follows.. Fixed Asset Fund Income Ewendiiure Transfers Transfers Balance blfvd Balance cd Restrlcted Funds: Filming and Media Mat1(eting and Comms Apostolic Leadership Devèlopment 3.238 8,800 5.000 3,238 8.800 3,440 1.560 17.038 1,560 15,478 Unrestricted Funds 40.278 75,377 83,941 31,714 Total Funds 57.316 75,377 85,501 47.192 14. Additional Disclosures There are no further disclosures for this year.