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....