COMPANY REGISTRATION NUMBER N1053755 NEWWINE IRELAND COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023 Charity Number NIC 101450
NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2023 CONTENTS PAGE Members of the Board and professional advisers Directors. Annual Report Independent examiner's report to the members Statement of financial activtties Balance sheet Statement of cash flows Notes to the financial statement 10 The following pages do not form part of the financial statements Detailed statement of financial activities 18
Page 1 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Registered charity name New Wine Ireland Charity registration number NIC101450 Company number N1053755 Registered office First Floor 103 -113 Ravenhill Road Belfast BT6 8DR Directors Rt Revd D A Mcclay Mrs H M Mcclay Rev Canon J R Heaney Rev Canon J M Harvey Rev Prebendary J S H Coles Archdeacon T R West Mr B J O'malley Rev H Blair Mrs Pauline McDonald (appointed 29th November 2022) Mr Neal Myers (appointed 29" November 2022) Mrs Aliyah Quinn (appointed 29" November 2022) Secretsry Mr B J O'malley Independent examiner Jackson Andrews Chartered Accountants 6 Mandeville Mews Portadown County Armagh BT62 3NS
Page 2 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT YEAR ENDED 31 JANUARY 2023 The directors have pleasur¢ in presenting their report and the financial statements of the chlty for the year ended JI January 2023. The directors have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities, (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordanc¢ with the accounting policies set out in notes to the financial statements and comply with the charity's governing document, Companies Act 2006, Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and SORP (FRS 102). REFERENCE AND ADMINISTRATIVE DETAILS Reference and administrative details are shown in the schedule of members of the board and professional advisers on page l of the financial statements. THE DIRECTORS The directors of the charitable company ate its trustees for the purpose of charity law. The directors who served the company during the year and were directors at the date of approval of the Directors. Annual Report were as follows: Rt Revd D A Mcclay Mrs H M Mcclay Rev Canon J R Heaney Rev Canon J M Harvey Rev Prebendary J S H Coles Archdeacon T R W¢st Mr B O'malley Rev H Blair Mrs Pauline McDonald (appointed 29 November 2022) Mr Neal Myers (appointed 29 November 2022) Mrs Aliyah Quinn (appointed 29th Nov¢mber 2022) PUBLIC BENEFIT STATEMENT The directors of New Wine Ireland confirni that they have had due regard for the guidance on Public Benefit by the Charity Commission for Northern Ireland and are pleased to report that during the year the charity continued to provide the Public Benefits through programmes and services we offer. In particular, the directors consider how planned activities will contribute to the aims and objectives they have set. Public Benefit: Actively promot¢ the advance of the Christian religion in the United Kingdom and throughout th¢ world. The direct benefits which flow from this purpose include an overall moral improvement in society &s more communities have churches that are praying for the sick, feeding the poor and loving God and our neighbour practically delivered through the presentation and teaching of the Christian Faith and through promoting understanding, practice and growth of the Christian Faith. These benefits are demonstrated through feedback from churches and communities.
Page 3 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document New Wine Ireland is a charitable company limited by guarantee and does not have any share capital. It was incorporated on 31 January 2005 and registered as a charity with The Charity Commission for Northern Ireland on 30, April 2015. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recruitment, appointmen¢ induction and training The directors regularly review the requirements of the charity and the possibility of a need for additional directors. Three new appointments were made this year on this basis. New directors were appointed by resolution of a meeting of all the directors passed by a majority of those pres¢nt. Appropriate training and induction is availabl¢ to all directors and regularly updated. Risk management The directors have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems ar¢ in place to mitigate an exposure to major risks. Where appropriate, systems or procedures have been established to mitigat¢ the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors. These procedures are periodically reviewed at least annually to ensure that they continue to meet the ne¢ds of the charity. Organisation Struetures The directors oversee the running of the organisation. OWECTIVES AND ACTIVITIES The objectives and principal activities of th¢ charity are the advancement of the Christian r¢ligion in the United Kingdom and throughout the world, and the carrying on of such activities in furtherance of the objectives, but not othenvise, by presenting and teaching of the Christian faith and promoting the understanding, practice and growth of that faith and related means. We provide training and resourcing for local churches in four main areas: _ Praying for th¢ Sick, Hearing God's Voice, Worship and Raising a Generation (kids and youth work). W¢ do this by running training events for the whole church. We provide training and support for church leaders. We send volunteer teams to support the work of local churches on a one off or regular b&sis. We arrange long terni volunteer placements (part time and full time). We run an annual summer holiday conference where people from all over Ireland gather for a week of worship> ministry and teaching. We facilitate a distance learning course tlwough St John's Nottingham to provide trdining in evangelism. Fees are charged for most of the training days, the summer conference and the university course. These are set at the low¢st possible prices to cover costs and still be accessible to as many people as possible. We offer free places to people in special Circumstances and direct people to various sources of funding if applicable. We do everything we can to strengthen and renew local churches and to se¢ new churches planted. Volunteers The charity is grateful for the unstinting efforts of its volunteers who are involved in all aspects of the harity's work.
Page 4 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2023 ACHIEVEMENTS AND PERFORMANCE Total income for th¢ year amounted to £283,670 (2022 - £167,513). Encome derived from donations and legacies amounted to £129,986 (2022 £80,J06), income from charitable activities amounted to £153,651 (2022 - £73,889), income from investments amounted to £123 (2022 - £18) and other income amounted to £NIL (2022 - £13,)00). Total expenditure for the year amounted to £240,415 (2022 - £143,252). The cost of charitable activities amounted to £240,415 (2022 - £143,252). The nct income for the year amounted to £43,345 (2022 - £24,261). Reserves policy It is the policy of the charity to maintain free reserves which matches the needs of the trust, both at the Current time and the foreseeable future. This provides sufficient funds to cover running costs which include managemenL administration and support costs. Free reserves are those unrestricted reserves not designed nor invested in fixed assets which are available for general use. Funding The principal fimding is from donations. PLANS FOR FUTURE PEIUODS New Win¢ Ireland plan to develop the training we offer to make it more accessible to more people in mor¢ places and to follow it up with opportunities for practise through missions and placements. After a very successful in-person Sligo Summer conference in 2022 had we are planning Sligo 2023 Summer conference. W¢ continue to look to individuals, churches and trusts to support the work financially as well as growing our income from events. RESPONSIBILITIES OF THE DIRECTORS The trustees (who ar¢ also the directors of New Wine Ireland for the purposes of company law) are responsibl¢ for preparing the Directors. Annual Report and the financial statem¢nts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable to charities in Northern Ireland requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including th¢ income and expenditure, of the charitable company for that period. In preparing these financial statements, the directors are required to: select suitable accounting polici¢s and then apply them consistently. observe the methods and principles in the Charities SORP 2015 (FRS 102). make judgements and accounting estimates that are r¢asonable and prudent. state whether applicable UK Accounting Standards have been followe(L subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
Page 5 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2023 RESPONSIBILITIES OF THE DIRECTORS (conlinued) The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, Charities Act (Northern Ireland) 2008 and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. The directors are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate financial inforniation included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In so far &8 the directo are aware: there is no relevant inforniation of which th¢ charitable company's independent examiner is unaware. and the directors have taken all steps that they ought to have taken to make themselves aware of any relevant infomation and to establish that the independent examiner is awar¢ of that infonnation. INDEPENDENT EXAMINER Jackson Andrews Chartered Accountants has been re-appointed as independ¢nt examiner for the ensuing year. SMALL COMPANY EXEMPTIONS This report has been prepared in accordanc¢ with the special provisions for small companies under Part 15 of the Companies Act 2006. Registered offic¢: First Floor 103-1 li Ravenhill Road B¢lf&st BT6 8DR Signed by order of the trustees Mi Basil J O'mal Company Secreta Date: IsfL.(4trl3....
Page 6 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF NEW WINE IRELAND YEAR ENDED 31 JANUARY 2023 I r¢port on the accounts of the charity for the year ended 31 January 2023 as set out on pages 7 to 17. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER The charity's trustees (who are also the directors of New Wine Ireland for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit und¢r company law and is eligible for independent examination, it is my responsibility to: examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008. follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. and state whether particular matters have com¢ to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT I have examined your charity accounts as required under section 65 of the Charities Act any my examination was carried out in accordance with the general Directions given by the charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The exalnination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. 4. That there is further inforniation needed for a proper understanding of the accounts to reached. I have completed my examination and have no concerns in respect of matters (l ) to (4) listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, I hav¢ found no matters that require drawing to your attention. C M Mccarter FCA (Independent Examiner) Chartered Accountants Ireland For and on behalf of Jackson Andrews Chartered Accountants 6 Mandeville M¢ws Portadown County Arniagh BT62 3NS 4, TJ
Page 7 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 JANUARY 2023 Total Funds 2023 Total Funds 2022 Unrestricted Funds Note Income from: Donations and legacies Charitable activities Investments Other 129,986 153,651 123 129,986 153,651 123 80,i06 73,889 18 13,300 Total income 283,760 283,760 167,51) Expenditure on: Charitable activities 617 (240,415) (240,415) (143,252) (240,415) (240,415) (143,252) Total expenditure Net incomel(expenditure) 43J45 43J45 24,261 Reconciliation of funds: Total funds brought fonvard Total funds carried forward 73,379 73,379 49,118 73,379 116,724 116.724 The Statement of Financial Activities includes all gains and losses in the year. All of the above amounts relate to continuing activities. The notes on paggs 10 to 17 fomi part of those financlal statsments.
Page 8 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE BALANCE SHEET 31 JANUARY 2023 2023 2022 Note Fixed assets Tangible assets 12 966 Current assets Debtors Cash at bank 13 15,494 139,890 6,512 93,255 155,384 (39,626) 99,767 (26,388) Creditors: Amounts falling due within one year 14 Net current assets 116,724 73,379 Total assets less current liabilities 116.724 73,379 73,379 Net assetsl(liabilities) 116,724 Charity funds Unrestricted ndS 16 116,724 73,379 Total funds 116,724 73,379 These accounts have been prepared in accordanc¢ with the provisions applicable to companie5 subject to the small companies regime and in accordanc¢ with Charities SORP (FRS 102). The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2) relating to small companies, and that no member or members have requested an audit pursuant to section 476(1) of the Act. The directors acknowledge their responsibiliti¢s for: (i) ensuring that the company keeps adequate accounting r¢cords which comply with section 386 of the Act, and (li) preparing financial statements which give a true and fair view of the state of affairs of the company &s at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company. These financial statements were approved by the members of the committee on the ........................ and ar¢ signed on their behal by: T REVD D A MCCLA Director Date.. VJMH Director EY Company Registration Number: N1053755
Page 9 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS 31 JANUARY 2023 2023 2022 Cash flow from operating aetivities Net cash flow from operating activities Cash flow from investing activities Interest from investments Payments to acquire tangible fixed &ss¢ts Net cash flow from investing activities 18 47,961 (35,872) (35,872) 47,961 123 (1,449) (lJ26) 18 18 Net decrease in cash and cash equivalents 46,635 (35,854) Cash and eash equivalents at l February 2022 93,255 129,109 Cash and cash equivalents at 31 January 2023 139,890 93,255 Cash and cash equivalents consist of - Cash at bank and in hand 139,890 93,255 Cash and cash equivalents at 31 January 2022 93355 129,109
Page 10 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2023 ACCOUNTING POLICIES General information and basis of accounting New Win¢ Ireland is a charitable company limited by guarantee and does not have any share capital. It registered as a charity with The Charity Commission for Northern Ireland on 30th April 2015 and it is incorporated in Northern Ireland. The address of the registered office is given in the charity inforniation on page l of these financial statements. The charitable company constitut¢s a public benefit entity as defined by FRS 102. Statement of compliance The financial statements have been prepared in Compliance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republi¢ of Ireland (FRS 102), the Charities Act (Northern Ereland) 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the Companies Act 2006 and UK G¢nerally Accepted Practice as it applies from l January 2015. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional curr¢ncy of the charity and rounded to the nearest £1. The significant accounting policies are set out below. The directors consider that these accounting policies are suitable, have bcen consistently applied and are supported by reasonable and prudent judgement and estimates. Fund accounting- unrestricted funds The company's unrestricted funds consist of a Generdl Fund which is expendable at the discretion of the directors in furtherance of the charitable objects of the company. The directors may at their discretion designate funds for specific purposes but the designation does not legally restrict the directors, discretion to apply the funds. Income reeognition All income is included in th¢ Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any perfomiance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified ofthe amounts and the settlement date in writing. If there are conditions attached to the donation and this r¢quires a level of perforniance before entitlement can be obtained then income is deferred until those conditions arc fully met or the fulfilment of those conditions is within th¢ control of the charity and it is probable that they will be fulfilled. Donated facilities and donated prof¢ssional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the Charity has control over the item. Fair value is detemlined on the basis of the value of the gift to the charity. For example the amount the Charity would be willing to pay in the open mark¢t for such facilities and services. A corresponding amount is r¢cognised in expenditure.
Page 11 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 JANUARY 2023 AccouiYfiNG POLICIES (continlled) Income recognition (continued) No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Directors, Annual Report. Where practicable, gifts in kind donated for distribution to the b¢n¢ficiaries of the charity ar¢ included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure. Voluntary income received by way of donations and gift is credited to revenue on a receivable b&sis. Fixed asset gifts in kind are recognised when receivable and are included at fair value. They ar¢ not deferred over the life of the asset. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being r¢c¢ived. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent &8set and disclosed. Investment income is interest earned through holding c&sh at bank. Interest income is recognised when receivable. Expenditure recognition All expenditur¢ is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to th¢ category. Expenditure is recognised where there is a legal or constructive obligation to make payEnents to third parties, it is probable that the s¢ttlement will be required and the amount of the obligation can be measured reliably. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of the resourc¢s. Staff costs and overhead ¢xp¢ns¢s are allocated to activities on the b&sis of staff time spent on those activities. Irr¢coverable VAT is charged as an exp¢nse against the activity for which expenditure arose. Fund-raising costs are those inCued in seeking voluntary contributions and do not include the costs of dissemiDating information in support of the charitable activities. Value Added Tax The charÉty is not registered for VAT purposes, therefore expenditure is shown gross of VAT. Fixed assets Tangible fixed assets are stated at cost, or valuation less accumulated depreciation.
Page 12 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 JANUARY 2023 ACCOUNTING POLICIES (conlinued) Depreciation Depreciation is caIculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Computers- 3J.30/0 straight line Taxation As a charity, the Company benefits from various exemptions afforded by tax legislation. It is therefore not liable to corporation tax on income or gains falling due within those exemptions. Recovery is made of tax deducted from receipts under gift aid. Judgements and key sources of estimation uncertainty The following judgements including those involving estimated have been made in the process of applying the above accounting policies that have had the most significant effect on the amounts recognised in the financial statements and that hav¢ a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year: (i) depreciation method and asset useful liv¢s The estimates and assumptions are revi¢wed on an ongoing basis considering the current and future market conditions. Going concern The financial statements have been prepared on a going concern basis. The Directors consider the basis to be appropriate assuming that the charity h&s adequate financial support from the bankers and related charities. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donations from individuals and churches Donations towards salary Donations from Hinchley Donations COI Orphans/Children's Society Gift aid Donation from charity Donation towards Evang¢list training ETC 94J57 11,676 5,000 94J57 11,676 5,000 38,843 11,490 5,000 38,843 11,490 5,000 500 7,642 i 0,000 500 7,642 10,000 12,194 12,194 2,100 4,659" 129,986 2,100 4,659 7,331 7,331 129,986 80,306 80,306
Page 13 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 JANUARY 2023 Income from charitable activities Unrestricted Total Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Sligo conference Summer conference Training days 152,656 152,656 72,525 458 906 75,525 458 906 995 995 153,651 153,651 73,889 Income from investments Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Interest- bank 123 123 18 18 123 123 18 18 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Covid 19 Grant 13,300 13,300 Analysis of expenditure on charitable activities Activities Undertaken directly Support costs Total 2023 Activities Undertaken directly Support costs Total 2022 Faith based organisation and events 235,583 4,832 240,415 134,976 8,276 143,252 235,583 4,832 240,415 134,976 8,276 143,252
Page14 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 JANUARY 2023 Allocation of support costs Basis of Faith allocation organisation & events Faith Total organisation 2023 & events Total 2022 Governanc¢ Office running costs Promotional etc costs Depreciation Cost Cost Cost Cost (741) 1326 3,864 483 (741) 1226 3,864 483 1,887 824 5,565 1,887 824 5,565 4,832 4,832 8,276 8,276 Governance costs Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Independent examiner's fees Foreign currency (gains)/losses 1,222 (1,963) 1222 (1,963) 1,146 741 ,146 741 (741) (741) 1,887 1,887 Net expenditure for the year This is stated after charging: 2023 2022 Depreciation 483 10. Directors, and key management personnel remuneration and expenses The k¢y management personnel are considered to be the trustees. The trustees neither received nor waived any remuneration during the year (2022 - £Nil). The trustees did not have any expenses reimbursed during the year (2022- £Nil).
Page 15 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 JANUARY 2023 I l. Staff costs and employee benefits Total staff eosts were as follows: 2023 2022 Wages and salaries Social security costs Pension costs 65,668 1,912 9,917 52,113 1,262 10,070 77,497 63,445 Allocated to: 2023 2022 Faith based organisation and events 77,497 63,445 77,497 63,445 Particulars of employees: The average monthly number of employees including the directors during the year, calculated on the basis of full-time equivalents, w&8 &$ follows: 2023 2022 Number of management and administration staff No employee received remuneration of more than £60,000 during the year (2022 - Nil). 12. Tangible fixed assets Computers Total COST At l February 2022 Additions 16.707 1.449 16,707 1,449 At 31 January 2023 18,156 18,156 DEPRECIATION At l February 2022 Charge for the year At 31 January 2023 16,707 483 16,707 483 17,190 17,190 NET BOOK VALUE At 31 January 2023 At 31 January 2022 966 966
Page 16 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 JANUARY 2023 13. Debtors 2023 2022 Gift aid Prepayments 12,194 3JOO 6,512 15,494 6,512 14. Creditors: Amounts falling due within one year 2023 2022 Accruals Def¢rred income Taxation and social security 1,180 36,836 1,610 1,140 24,405 39,626 26J88 15. Deferred ineome Under l year Total At l February 2022 Additions during the y¢ar Amounts released to income 24,405 36,836 (24,405) 36,836 77,689 24,405 (77,689) 24,405 At 31 January 2023 Income has been deferred as it relates to conf¢r¢nc¢ income for the next financial year. 16. Unrestricted funds Balance at l Feb 2022 Balance at 31 Jan 2023 Income Expenditure Gen¢ral Funds 73J79 283,760 240,415 116,724 73J79 283,760 240,415 116,724 Balance at l Feb 2021 Balance at 31 Jan 2022 Income Expenditure General Funds 49,118 167,513 143,252 73J79 49,118 167,513 143,252 73J79
Page 17 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 JANUARY 2023 17. Analysis of net assets between funds Tangible Net current fixed assets assets Total Unrestricted Funds 116,724 116,724 Total Funds 116,724 116,724 Tangible Net current fixed &ss¢ts assets Total Unrestricted Funds 73,379 73,379 Total Funds 7),379 73,379 18. Reconciliation of net incomel (expenditure) to net Cash flow from operating activities 2023 2022 Net income for year Interest receivable Depreciation and impairn]ent of tangible fixed assets (Increase)Idecrease in debtors (Decrease)/increase in creditors Net cash flow from operating activities 43J45 (123) 483 (8,982) 13238 24,261 (18) {5,1)9) (54,976) (35,872) 47,961 19. Relatsd party transactions There were no lated paty transactions during the year (2022 - £Nil). 20. Company limited by guarantee The company is limited by guarantee and has no shar¢ Capital. On a winding up members may be required to Contribute a maximum of £1.
Page 18 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 JANUARY 2023 2023 2022 Income from: Donations and legaeies Donations from individuals and churches Donations from charity Donations towards salary Donations from Hinchley Donations towards evangelist training Gift aid ETC 94J57 38,843 10,000 11,490 5,000 11,676 5,000 2,100 12,194 4,659 7,642 7J31 129,986 80J06 Charitable activities Sligo conference Summer conference Training days 152,656 72,525 458 906 995 153,651 73,889 Investments Bank interest receivable 123 18 123 18 Other income Covid 19 grant 13,300 13,300 Total income 283,760 167,513
Page 19 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE DETAILED STATEMENT OF FINANCIAL ACTIVITIES (continued) YEAR ENDED 31 JANUARY 2023 2023 2022 Expenditure Charitable activities Conference and events expenses Wages & salaries Rent & rates Insurance Miscellaneous expenses Motor and travel costs Admin running costs Tel¢phon¢ Postage, stationery, advertising and computer expenses Bank fees Depreciation Visiting speakers and donatlODS 149,953 77,497 lJ67 1,004 4,146 1,102 1,226 906 2,958 364 483 150 63,942 63,445 1,633 956 3,996 558 824 888 4,677 296 150 241,156 141J65 Governance costs Accountancy fees Exchange (gainsylosses 1,222 (1,963) (741) 1,146 741 1,887 Total expenditure 240,415 143,252 Net ineome 43J45 24,261
Page 20 NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE DETAILED STATEMENT OF FINANCIAL ACTIVITIES (continued) YEAR ENDED 31 JANUARY 2023 2023 2022 Charitable activities Faith based organisation and events Aclivilies undertaken direclly Conference and events expenses Wages & salaries Rent Insurance Miscellaneous ¢xpenses Motor and trdvel costs Bank fees Visiting speakers and donations 149,953 77,497 lJ67 1,004 4,146 1,102 364 150 63,942 63,445 1,633 956 3,996 558 296 150 235,583 134,976 Supporl costs Admin running costs Telephone Postage. stationery, advertising and computer costs D¢preciation Governance 1226 906 2,958 483 (741) 4,832 824 888 4,677 1,887 8,276 240,415 143252