NEWWINE IRELAND COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT Page 2 YEAR ENDED 31 JANUARY 2024 The dir¢ctors have pleasure in presEnting their report and the financial sLqtements of the charity for the year ended 31 January 2024. The dir¢¢tors have adopted the provisions of the Statement of Recommeled Practice (SORP) "AcLxJunting and Reporting by Chariti¢s" (FRS 102) in preparAng the annual Teport and financial statements of the chaTity. The financial statements have b¢¢n ptEpared in accordance with the accounting polici¢s set out in notes to the financial statemeuts and eomply with the charity's governing docum¢nL Companies Act 2006. Charities Act (Northern Iteland) 2008, The Charities (AceA>unts and Reports) Regulations (Northern Ireland) 2015 and SORP (FRS 102). REFERENCE AND ADMINISTRATIVE DETAILS Reference and a(Iministrative d¢tails are shown in th¢ schedule ofmembers ofthe board and professional advisers on page l of the fuLClaI statements. THE DIRECTORS The directors of the charitable company aTC its trnstees foT the puTpos¢ of cbarity law. The directors who sced the company during the year and wete directors at the date of approval of the Directors, Annual Report We as follows: Rt Revd D A M¢Clay Mrs H M Mcaay Rev Canon J R Heaney Ven J M Harvey Rev Prebendary J S H Coles Rev T R West Mr B O'malley Rev H Blair Mrs Pauline M¢Donald Mr Neal Myers Mrs Aliyah QuiTrn PUBLIC BENEFIT STATEMENT The directors of New Wine Ireland confirnl that they have had due ffgatd for the guidanL% on Public Ben¢fit by the Ch•ity Commission for Northern Iteland and arc pleased to report that during th¢ year the chatity continu¢d to provide th¢ Public Ben¢fits through programmes and services w¢ offei. In particular. the diTCCtors consider how planned activities Mqll contribute to the aims and objectives they have set. Public Benefit: Actively promote th¢ advance ofthe clu1lan r¢ligion in the United Kingdom and throughout the world. Th¢ direct benefits ivhich flow from this pury)ose include an overa]I motal improvement in society as more communities have churches that are PTaying forthe sicl feeding the poor and loving God and our n¢ighbour practically delivered through the pTes¢ntatton and teaching of the Christian Faith and through promoting understanding, practice and growth of the Christian Faith. These benefits are demonstrated through feedback from chiirches and communities.
NEWWINE IRELAND COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2024 Page 3 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing do¢ument New Wine Ireland is a charitable company limited by guarantee and does not have any share capitsl. It was illcoiporated on 31 January 2005 and registered as a dwity 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, appointment, induction and training The directors regularly review the requirements ofthe charity and the possibility of a nced foradditional diffctors. Three new appointments were made this y¢ar on this basis. New directots were appointed by resolution of a meeting of all th¢ directors passed by a majority of those present. Appropriate tsaining and induction is available to all directors and regulaTly updat¢ Risk management The directors have assessed the major risks to which the charity is exposed, in particular those related to the operntions and fjnances of the Trust, and are &2tisfied that systems are in pl¢ to mitigate an exposure to major risks. Wher¢ appropriate, systems orprocedures have been estab]ished to mitigate the risks the charity fatts. Internal control risks are minimised by the impJ¢mentation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure MplIanCe with health and safety of staff, volunteers, clients and visitors. These procedures are periodi¢a]ly revieived at least annually to ¢nsur¢ that they LX)ntinue to meet the needs of the Charity. Organisation Structures Thc d1CtOrS oversee the running of the organisation. OBJECTIVES AND AcfivJTIES The obj¢ctiv¢s and principal activities ofthe charity arc the advanrxment of the Christian religion in the United Kingdom and throughout th¢ world, and the carrying on of such activities in furthctanrx of th¢ objectives, but not otherwise, by presenting and teaching of th¢ Christian faith and promoting the understanding. practlce and growth of that faith and ttlated means. We provide training and resourcing for local churches in fow main aw: _ Praying for the Si¢k, HeatÈng God's Voice. Worship and Raising a G¢n¢rdtion (kids and youth work). We do this by running training events forthe whole church. We provide training and support for church lead¢rs. We send volunteer teams to support the work of local churches on a one off or regular basis. We arwe long t¢mi volunteer placements (part time and full time). We nm au annual summer holiday CODferenc¢ where Ople from all over Ireland gathcr for a week of worship. ministy and teaching. We facilitate a distance leaming Course to provide training in evangelin. Fees are charged for most of the training days, summer conference and courses. These are set atthe lowest possible prirxs to cover costs and still be a¢¢essible to as many people as possible. We offer free places to people ill special ¢ircwnstan¢¢s and direct peoplc to various sour¢es of fidIng if applicable. We do ev¢rything we Can to strengthen and renew local chur¢hes and to se¢ neiv chur¢hcs planted. Volunteers 111¢ drity is grdteful for the unstinting efforts of its volunteers who are involved in all aspects of the charity's work,
NEWWINE IRELAND COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (contlnued) YEAR ENDED 31 JANUARY 2024 Page 4 ACHIEVEMENTS AND PERFORMANCE Total income for the y¢ar amowited to £298.137 (2023 - £283,670). Income derived from donations and l¢gacies amounted to £105,605 (2023 - £129.986). income from chatitable activities amowited to £19 I,192 (2023 - £153.651). inwme from investments amounted to £1,340 (2023 - £123) and other income amounted to £NIL (2023 - £NIL). Totsl expenditu forthe }year amounted to £251,580 (2023 - £240,415). The cost of charitable activsties amounted to £25 1,580 (2023 - £240,415). The net income forthe y¢ar amounted to £46,557 (2023 - £43.345). Reserves policy It is the policy of the charity to maintsin free rcs¢rves which matches th¢ needs ofth¢ tTUSt, both at th¢ current tim¢ and thc foreseeabl¢ future, This provides sufficient funds to cover nwiing wsts which includ¢ management, a(tininistration and support Sts. Free reserves are thosc unrestricted reserves not designed nor invested in fixed wets which available forg¢n¢tal us¢. Funding The principal fimding is from donations. PLANS FOR FUTURE PEIUODS New I1alld plan to take our training and pgramme$ InCasinglY acTOSS the island of Ireland. As well as our focus conference event in Sjigo and all our current activities, we are launching a new leaderfs netwo which gathets ¢very 6 weeks and are planning missions and millisty in all four provinces. We wntinue to look to individuals, thurches and trnsts to support the WOTk financially as well as seeking to generdte our income from events where possible. RESPONSIBILITIES OF THE DIREcfoRS Th¢ tnisttts (who are also the d1CtorS of New Wine IreEand for the purposes of company law) a responsible for preparing the Directors, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) includin8 FRS 102 "The Financial Reporting Standard applicable in th¢ UK and Republic of Ireland" The law applicable to charities in Northern ITeland qUireS the diTectors to prepare financial statements for each financial year which giv¢ a true and fair view of the state of affaiTS of the charktable company and of the incomiiig ttsources and application of resources. including the income and expenditure. of the charitable company forthat period. lu preparing th¢sc finan¢ial stat¢ments, the dtr¢ctors are required to: sclect suitable accounting policies and then apply them consist¢ntly' observe the methods and principles in the awities SORP 2015 (FRS 102)" make judgements and accounting ¢stimates that are reasonabIe and prndent. state whetheT applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explain¢d in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriatc to presume that the Ch]ble company will continue in operation.
NEW WINE IRELAND COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2024 Page 5 RESPONStBILITIES OF THE DIREcfoRS (continued) Ihe trnstees are responsible for keeping proper accounting records that disclose with reasonabl¢ accuracy at any time the financial position ofthe charltable wmpany and enable them to eJ)sure that the fllhancial statements comply with the Companies Act 2006, Char>ties Act (Northern Ireland) 2008 and The Charities (Accounts and Reports) Regulations (North¢m Ireland) 2015. The directors are also responsible for SafegUardll the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fiaud and other Arr¢gularAti¢s. The trustees are responsible for th¢ maintenance and integiity of the ¢04)orate financial infomk*ion in¢lud¢d on th¢ cbarltable Company's website. gIslatIon ftn the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In so far as the directOZ5 are aware: there is no relcvant infomiation of which the charitable company's independent examiner is the directors have taken all st¢ps that they ought to have taken to make themselves aware of any relevant inforniation and to establish that the independent examiner is aware ofthat infomiation. INDEPENDEwf EXAMINER GMCG Chart¢red Acuntants has been appointed as independent examiner for the ensuing year. SMALL COMPANY EXEMPTIONS This Teport has been prePad in accordance with the special provisions for snull mpanIeS under Part 15 ofthe Companies Act 2006. Registered office: First Floor 103-113 Ravenhill Road Belfast BT6 8DR Signed by order of the trustees Mr B&8il J O'M Company Sec