CHARITY REGISTRATION NUMBER: 1194149
New Wineskin Interna�onal
Unaudited Financial Statements
1 April 2024
New Wineskin Interna�onal Financial Statements Year ended 1 April 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Statement of fnancial ac�vi�es | 3 |
| Statement of fnancial posi�on | 4 |
| Notes to the fnancial statements | 5 |
New Wineskin Interna�onal Trustees’ Annual Report Year ended 1 April 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 1 April 2024.
Reference and administra�ve details
Registered charity name New Wineskin Interna�onal Charity registra�on number 1194149 Principal office 41 Trerieve Estate Downderry Torpoint PL11 3LY The trustees Mr B H Waters Mrs K Lewis Mr G C Barber
Structure, governance and management
Cons�tu�on
New Wineskin Interna�onal is a Charitable Incorporated Organisa�on (CIO) and is governed by its cons�tu�on which was adopted on 20 April 2021.
Organisa�on of the charity
The board of trustees are responsible for the management of the charity. There are no paid employees. The administra�ve func�on and day-to-day opera�on of the charity is performed by the trustees.
Appointment of Trustees
Trustees are appointed by a resolu�on passed at a properly convened mee�ng of the board of trustees. In selec�ng individuals for appointment as a trustee of the charity, the board will take account of the skills, knowledge and experience needed for the effec�ve administra�on of the charity.
Objec�ves and ac�vi�es
The objects of the charity are defined in the Cons�tu�on and are:
-
a) the preserva�on, conserva�on and the protec�on of the environment and the prudent use of resources
-
b) the relief of poverty and the improvement of the condi�ons of life in socially and economically disadvantaged communi�es
-
c) the promo�on of sustainable means of achieving economic growth and regenera�on. sustainable development means “development which meets the needs of the present without compromising the ability of future genera�ons to meet their own needs.”
Achievements and performance and Financial Review
The charity has not carried out any ac�vi�es in this financial year.
Page 1
New Wineskin Interna�onal Trustees’ Annual Report Year ended 1 April 2024
Reserves policy
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO’s needs. This is based on the CIO’s size and the level of financial commitments held. The Trustees aim to ensure that the CIO will be able to con�nue to fulfil its charitable objec�ves even if there is a temporary shorAall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
Plans for future periods
The charity will commence its opera�ons when it opened a bank account and registered for GiB Aid with HMRC.
The trustees' annual report was approved on 11 March 2025 and signed on behalf of the board of trustees by:
Bryan H Waters
Trustee
Page 2
New Wineskin Interna�onal Statement of Financial Ac�vi�es Year ended 1 April 2024
| Note Income and endowments Dona�ons and legacies 4 Charitable ac�vi�es 5 Total income Expenditure Expenditure on charitable ac�vi�es 6,7 Total expenditure Net income and net movement in funds Reconcilia�on of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds £ - - - - - - - - |
2024 Restricted Funds £ - - - - - - - - |
Total Funds £ - - - - - - - - |
2023 Total Funds £ - - |
|---|---|---|---|---|
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - |
The statement of financial ac�vi�es includes all gains and losses recognised in the year. All income and expenditure derive from con�nuing ac�vi�es.
The notes on pages 5 to 8 form part of these financial statements.
Page 3
New Wineskin Interna�onal Statement of Financial Posi�on 1 April 2024
| Note Current assets Debtors Cash at bank and in hand Net current assets Total assets less current liabili�es Creditors: amounts falling due within one year Net assets Funds of the charity Restricted funds Unrestricted funds Total charity funds 9, 10 |
2024 £ - - - - - - - - - - |
2023 £ - - |
|---|---|---|
| - | ||
| - | ||
| - - |
||
| - | ||
| - - |
||
| - |
These financial statements were approved by the board of trustees and authorised for issue on 11 March 2025 and are signed on behalf of the board by:
Bryan H Waters
Trustee
The notes on page 5 to 8 form part of these financial statements.
Page 4
New Wineskin Interna�onal Notes to the Financial Statements Year ended 1 April 2024
-
General informa�on
-
The charity is a charitable incorporated organisa�on and a public benefit en�ty and was registered in England and Wales on 20 April 2021. The address of the principal office is 41 Trerieve Estate, Downderry, Torpoint, PL11 3LY.
2. Statement of compliance
- These financial statements have been prepared in compliance with FRS 102, 'The Financial Repor�ng Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (Chari�es SORP (FRS 102)) and the Chari�es Act 2011.
3. Accoun�ng policies
Basis of prepara�on
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the func�onal currency of the charity and rounded to the nearest £1.
The financial statements have been prepared to give a "true and fair" view and have departed from the Chari�es (Accounts and Reports) Regula�ons 2008 only to the extent required to provide a "true and fair view". This departure has involved following the Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard for Smaller En��es published on 16 July 2014 rather than the Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce effec�ve from 1 April 2005 which has since been withdrawn.
Going concern
There are no material uncertain�es about the charity's ability to con�nue.
Disclosure exemp�ons
The en�ty sa�sfies the criteria of being a qualifying en�ty as defined in FRS 102. As such, advantage has been taken of the following disclosure exemp�ons available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the charity.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of es�ma�on uncertainty
The prepara�on of the financial statements requires management to make judgements, es�mates and assump�ons that affect the amounts reported. These es�mates and judgements are con�nually reviewed and are based on experience and other factors, including expecta�ons of future events that are believed to be reasonable under the circumstances.
Fund accoun�ng
General unrestricted income funds comprise those funds which the trustees are free to use for any purpose in the furtherance of charitable objec�ves.
Designated unrestricted funds are funds designated for a par�cular purpose by the trustees.
Restricted funds are funds received for purposes specified by the donors and those funds are expended in accordance with donors' wishes.
Page 5
New Wineskin Interna�onal Notes to the Financial Statements Year ended 1 April 2024
3. Accoun�ng policies con�nued
Income
All income is included in the statement of financial ac�vi�es when en�tlement has passed to the charity, it is probable that the economic benefits associated with the transac�on will flow to the charity and the amount can be reliably measured. The following specific policies are applied to par�cular categories of income:
-
income from dona�ons or grants is recognised when the charity has en�tlement to the funds, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
-
legacy income is recognised at the earlier of the date on which either: The charity is aware that probate has been granted, the estate has been finalised and no�fica�on has been made by the executor(s) to the trust that a distribu�on will be made, or when a distribu�on is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been no�fied of the executor's inten�on to make a distribu�on.
-
Income tax recoverable on giB aid dona�ons is recognised when the dona�on is received.
Volunteers and donated services and facili�es
The value of services provided by volunteers is not incorporated into these financial statements.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial ac�vi�es to which it relates.
Expenditure on charitable ac�vi�es includes all costs incurred by a charity in undertaking ac�vi�es that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs rela�ng to the governance of the charity appor�oned to charitable ac�vi�es.
Financial instruments
A financial asset or a financial liability is recognised only when the en�ty becomes a party to the contractual provisions of the instrument.
The charity only has financial assets and financial liabili�es of a kind that qualify as basic financial instruments which are ini�ally recognised at the amount receivable or payable including any related transac�on costs.
Current assets and current liabili�es are subsequently measured at the cash or other considera�on expected to be paid or received and not discounted.
Page 6
New Wineskin Interna�onal Notes to the Financial Statements Year ended 1 April 2024
| 4. Dona�ons and legacies Unrestricted Funds Restricted Funds £ £ Dona�ons Dona�ons - - GiB Aid - - - - 5. Expenditure on charitable ac�vi�es by fund type Unrestricted Funds Restricted Funds £ £ Funds dispensed to projects overseas - - Support costs - - - - 6. Expenditure on charitable ac�vi�es by ac�vity type Unrestricted Funds Restricted Funds £ £ Achieving charitable objec�ves - - Support costs - - Governance costs - - - - |
Total Funds 2024 £ - - - Total Funds 2024 £ - - - Total Funds 2024 £ - - - - |
Total Funds 2023 £ - - |
|---|---|---|
| - | ||
| Total Funds 2023 £ - - |
||
| - | ||
| Total Funds 2023 £ - - - |
||
| - |
7. Staff costs
The charity did not employ any staff during the current or compara�ve year.
8. Trustee remunera�on and expenses
There were no payments to Trustees during the current or compara�ve year.
Page 7
New Wineskin Interna�onal Notes to the Financial Statements Year ended 1 April 2024
| 9a. Analysis of charitable funds – current year At 2 April 2023 Income £ £ Unrestricted funds General funds - - - - Restricted funds None - - - - 9b. Analysis of charitable funds – compara�ve period At 2 April 2022 Income £ £ Unrestricted funds General funds - - - - Restricted funds None - - - - 10a. Analysis of net assets between funds – current year Unrestricted Funds £ Current assets - Creditors less than one year - - |
Income £ - |
Expenditure £ - - - - Expenditure £ - - - - Restricted Funds £ - - - |
At 1 April 2024 £ - |
||
|---|---|---|---|---|---|
| - | - | ||||
| - | - | ||||
| - | - | ||||
| period Income £ - |
At 1 April 2023 £ - |
||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| Total Funds 2024 £ - - |
|||||
| - |
Page 8
New Wineskin Interna�onal Notes to the Financial Statements Year ended 1 April 2024
| 10b. Analysis of net assets between funds – Current assets Creditors less than one year |
compara�ve period Unrestricted Funds Restricted Funds £ £ - - - - - - |
Total Funds 2023 £ - - |
|---|---|---|
| - |
Page 9