Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

Scottish Charity No. SC017386 Scottish Company No. SC268073 

**The Vine Trust Annual Report and Consolidated Financial Statements for the year ended 31 December 2025** 


**Connecting People to Change Lives** 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Contents** 

||Page|
|---|---|
|Report of the Trustees|1|
|Report of the Independent Auditor|11|
|Consolidated Statement of Financial Activities|15|
|Statement of Financial Activities – Parent Charity|16|
|Consolidated Statement of Financial Position|17|
|Statement of Financial Position – Parent Charity|18|
|Consolidated Statement of Cash Flows|19|
|Statement of Cash Flows – Parent Charity|20|
|Notes to the Financial Statement|21|
|Comparative Consolidated Statement of Financial Activities|45|
|Comparative Statement of Financial Activities – Parent Charity|46|





Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Report of the Trustees for the year ended 31 December 2025** 

The trustees present their annual directors’ report and consolidated financial statements of the group for the year ended 31 December 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. 

The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006 and "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 UK and Republic of Ireland (FRS102) (effective 1 January 2019)". 

## **Objectives and Activities** 

The Vine Trust (“The Trust”) is a global development and volunteering charity with a vision to see communities transformed. Through our multi-faceted volunteer expedition construction programmes and our direct funding of medical projects in the Peruvian Amazon and Lake Victoria Tanzania, the charity brings opportunity, hope and primary healthcare to disadvantaged communities and marginalised people with a particular concern for vulnerable children and difficult to reach river and island communities. It aims to share God’s love through practical programmes in partnership with and under the leadership of local indigenous organisations and partners. These include national agencies, government departments, churches and other civil society organisations within each country. The Trust’s work is made available to all regardless of race, creed, gender, colour, sexual orientation or any other distinction. Our practice is an accompanying and coaching model which supports and nurtures in country capacity wherever we work. 

The charity satisfies the above objectives by supporting partner organisations with an emphasis on the relief of poverty overseas.  The charity believes that active involvement in support of humanitarian projects through its financial and short term volunteering expeditions is an important contributor in promoting sustainable development and promoting global citizenship within the UK and beyond. The charity also considers that the involvement of volunteers in the work overseas not only changes the lives of the communities served, but makes a lasting and life informing impact on our volunteers and the communities, families, schools and businesses from which they come. “Connecting People to Change Lives” is at the heart of the Trust’s ethos and is very much viewed as a two-way experience. 

We seek to deliver our work and daily practice through our values and principles which are: 

- Our **Christian ethos** shapes how we work. We welcome everyone without discrimination regardless of faith, colour, race, sexual orientation, gender or any other distinction; 

- **Partnership** and **respect** are at the core of who we are and how we operate. We develop trusting, **transparent and mutually accountable** long-term partnerships; 

- We **empower** local partners, **respecting** their culture and acknowledging they are best placed to shape and drive the work. We seek to understand the power dynamics that exist and work towards equality within partnerships; 

- We enable **ethical volunteering** which supports global citizenship; and 

- We care about **impact** and **sustainability** in all aspects of our work. We are committed to safeguarding and ensuring that our work does **no harm** . 

Page 1 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Report of the Trustees for the year ended 31 December 2025** 

## **Review of our Achievement and Performance** 

2025 marked Vine Trust’s 40th anniversary and was a year of continued growth and development across our volunteering programmes and international partnerships. One school group, comprising 24 students and 3 teachers, travelled to Tanzania and supported the construction of 3 family homes. Volunteering in our medical programmes also increased from the prior year, with a total of 65 participants during the year in Peru and 25 in Tanzania. This brings our total to 117 for the year. Looking ahead we are forecasting volunteer numbers as follows: 

- 

- 

These numbers will be achieved chiefly through continued growth in medical volunteering, the rebuilding of school expeditions and a number of live enquiries for general construction teams. 

## UK Staffing 

A Fundraising and Outreach Manager was appointed in February 2025 as part of the organisation review undertaken during the previous year. During the year, a Programme & Development Coordinator was also appointed and will take up the role in January 2026. We believe these roles will allow the organisation to sustainably deliver its growing commitments across international volunteering programmes, strategic development and fundraising priorities. 

We operated throughout 2025 with an average staff team of 5 FTE. As part of the developing partnership with Babcock International, four paid interns also supported the Vine Trust team over a 10-week period during the latter part of the year, undertaking work in marketing, project management and human resources. 

## Our Patron 

Her Royal Highness, The Princess Royal has been our Patron since 2009 and continues to maintain an active interest and involvement in the activities of the Trust. We were delighted that Her Royal Highness joined us in September 2025 to celebrate Vine Trust’s 40th anniversary at an event hosted by Babcock International at Rosyth. We are immensely grateful for her continued patronage and involvement in our work. 

## Points of note in 2025 included: 

- The successful delivery of 27 medical expeditions and additional health campaigns to remote and isolated communities in the Peruvian Amazon and on Lake Victoria in Tanzania, providing more than 130,000 medical and related health services; 

- The formal launch of the MV Lady Jean on Lake Victoria as part of the Jubilee Hope Medical Programme’s 10th anniversary celebrations, followed by its initial pilot and medical expeditions to island communities in the Geita Region as part of an extended partnership agreement; 

- The celebration of Vine Trust’s 40th anniversary, including a special event hosted by Babcock International at Rosyth and attended by our Patron, Her Royal Highness The Princess Royal; 

- The development of a new collaboration, confirmed through signing of a Memorandum of Understanding with Babcock International, supporting future construction expeditions, internships, fundraising activities and the delivery of Vine Trust’s 40th anniversary event; 

- The continued development of the work at Kazunzu Village of Hope, including monthly support to guardian-parent families, agricultural guidance and additional project management support; 

Page 2 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Report of the Trustees for the year ended 31 December 2025** 

**Review of our Achievement and Performance (cont’d)** 

Points of note in 2025 included (cont’d): 

- The award of financial support to 13 medical and dental students and healthcare professionals through the Dr Julia McLean Grant Fund; and 

- The construction of the 153rd family home in the Kilimanjaro region of Tanzania, built through our partnership with TAWREF and with support from our school and corporate partners. 

_**“Connecting People to Change Lives”**_ **is not only our corporate strap line, but very much the ethos of the Trust.** 

Our priorities moving forward are around the theme **Progress through Partnerships.** 

## TANZANIA 

2025 saw the continuation of volunteers returning to our community partnership and construction projects, with one school expedition travelling to Moshi. A total of 4 family homes were completed in partnership with the Tanzania Women’s Research Foundation (TAWREF), bringing the total number of homes built through this partnership to 153. Millburn Academy sent 24 students and 3 teachers, supporting the construction of 3 homes, with a fourth home funded through support previously received from Babcock International. 

Plans are in place to expand the number of trips in the years ahead. Three school expeditions are planned for 2026, alongside a corporate and separate church group team. 

Throughout 2025, support continued to be provided to the 7 guardian-parent families at Kazunzu Village of Hope. This included monthly financial support, agricultural guidance and ongoing input from the AICT Diocese of Geita team. Additional project management support was also provided through the secondment of Rebeka Masalu. 

Looking ahead, the focus of the work at Kazunzu will continue to be on strengthening support for the guardian parents and families, while also working with Africa Inland Church Tanzania (AICT) Geita Diocese to expand income generating projects as well as enhancing water and electricity supplies to the village. 

Throughout 2025, the Jubilee Hope medical project operated in collaboration with the Kagera Regional Ministry of Health, and with support from Vine Trust and AngloGold Ashanti Geita Gold Mine Limited (GGML). During the year, 9 medical expeditions were delivered aboard the MV Jubilee Hope, providing 47,587 services. 

The Jubilee Hope Medical Programme involves close working in partnership with local district health authorities, regional government and through our strategic relationship with the project’s lead partner AICT (Africa Inland Church Tanzania). 

Following its arrival in Tanzania during 2024, the MV Lady Jean was formally launched on Lake Victoria in February 2025 as part of the Jubilee Hope Medical Programme’s 10th anniversary celebrations. During the year, the vessel completed one pilot expedition, two longer medical expeditions and a visit to Kazunzu Village of Hope. 

An addendum to the existing partnership agreement with GGML was signed during the year, increasing its annual support from US$120,000 to US$240,000 for 2025 and 2026 which will support the operation of both the MV Jubilee Hope and MV Lady Jean. 

Page 3 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Report of the Trustees for the year ended 31 December 2025** 

## **Review of our Achievement and Performance (cont’d)** 

## TANZANIA (cont’d) 

The MV Jubilee Hope also underwent a significant programme of dry-dock and maintenance work during the year, including hull inspection and repair, work to the propeller and stern tube system and maintenance of the vessel’s water tanks. 

## PERU 

In Peru, our medical programme is managed by our Peruvian subsidiary, PMEAP, Proyecto Médico Esperanza Amazónica Perú (Amazon Hope Medical Project Peru), and has grown significantly since the adoption of our new management model in January 2016. 

The PMEAP team continued with their excellent delivery of high-quality healthcare to remote riverine communities in the Amazon. During 2025, 14 medical expeditions were delivered aboard the MV Forth Hope. Additional health campaigns were also undertaken in months when the ship was not operating, including in communities close to Iquitos and in remote locations accessible only by plane and speedboat. A total of 80,270 medical and related health services were provided through these expeditions and campaigns. 

Throughout the year, discussions continued with a variety of different institutions and organisations to secure additional funding and partnership support for the delivery of medical services. In addition to this, the programme continued with its volunteering opportunities for qualified healthcare professionals and final-year students to support the work on the ship and gain valuable training and development. 

A new ultrasound machine was purchased during the year with generous support from a UK-based donor. This new equipment will further strengthen the diagnostic services available through the programme. 

The PMEAP programme also successfully completed an audit by APCI, Peru’s government agency responsible for coordinating and overseeing international aid and cooperation projects, meeting all of the requirements placed upon it. 

## OUR SHIPS 

A summary of the five vessels operated by The Vine Trust is included below.  Structurally and mechanically the vessels end 2025 in good overall operational condition. 

MV Lady Jean - 16-metre patrol-type vessel was acquired in 2023 and was overhauled, refurbished and transported to Tanzania in 2024 to support the Jubilee Hope Medical Programme.  In 2025 The Lady Jean completed initial pilot expeditions, providing over 2,900 services. 

MV Amazon Hope 2 built 1976 rebuilt by BAE Systems 2004 - Major Overhaul Iquitos 2021.  Currently laid up under care and maintenance. 

MV Jubilee Hope built 1974 rebuilt Gibraltar 2012 – overhauled Mwanza 2021. Dry Dockwork, which included repainting of the hull and maintenance to the propeller and shaft was completed in June 2025. 

The charity’s headquarters are on a former naval oil barge which was converted in 2011 to offices and conference facilities and renamed Tom Dunn.  Tom Dunn is moored in Leith Docks. 

Page 4 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Report of the Trustees for the year ended 31 December 2025** 

## **Review of our Achievement and Performance (cont’d)** 

Our Ships (cont’d) 

MV Forth Hope: Built 2016/17 outfitted by Babcock Marine – dry docked 2019. Main engine overhaul 2021/22. Maintenance of cutlass bearing, propeller and shaft in dry dock 2022. Main generators underwent an overhaul during 2023. Next dry dock scheduled for December 2026. 

## **Safeguarding** 

Vine Trust takes safeguarding and the welfare of all people involved in its activities very seriously. Our “Child and Vulnerable Adults Protection Policy” has been in place for a number of years. Our safeguarding protocols operate across all our projects and in three different languages and performance is monitored. 

## **Financial Review** 

The slow return of volunteers after the global pandemic along with cost-of-living pressures has meant that 2025 was another challenging year for the Trust in terms of financial income. As indicated on page 15, the Trust reported a net deficit for the year of £237,635 (2024: £132,533 net surplus) which included gains of £34,352 (2024: £17,682 gains) on investments, depreciation of £184,732 (2024: £162,198) and a revaluation gain of £nil (2024: £148,311). Excluding these non-cash items, the net deficit was £87,255 (2024: £128,738 net surplus). 

The Directors are extremely grateful to all of our donors and supporters during the year for their continued support and generosity. 

As indicated on page 17, the Trust's total funds at 31 December 2025, amounted to £4,179,147 (2024: £4,416,782) of which £3,699,710 (89%) (2024: £3,884,442 (88%)) related to fixed assets including the £3,349,320 (2024: £3,507,728) net book value of the Trust's four (2024: four) medical vessels. 

We were pleased to be able to send a number of medical volunteers out to support the overseas partners, 2025 – 93 (2024 – 75), and the charity was able to make financial contributions of £738,741 (2024: £821,872) to its restricted charitable activities. This comprised of direct programme expenditure incurred by the charity and grants to both its subsidiary, PMEAP, and its overseas partners as summarised below: 

||2025|2024|
|---|---|---|
|Peru Medical|£404,528|£390,708|
|Tanzania Medical|£94,568|£130,011|
|Tanzania Construction|£239,645|£301,153|



At 31 December 2025, General Reserves amounted to £368,410 (2024: £344,307). Restricted Funds amounted to £763,077 (2024: £863,033) which reflects donations received for a specific activity but still to be expended. The Trust is very grateful to the many supporters of our specific activities in both Peru and Tanzania and confirms that the donations received are spent in the management and direct costs of these projects. 

## **Principal funding sources** 

The Trust's activities and developments are dependent upon funding from a wide range of sources including individuals, corporates and Trusts. 

Page 5 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Report of the Trustees for the year ended 31 December 2025** 

## **Grant Making Policy** 

The Trust makes grants to partner organisations whose activities are compatible with the Trust's own objectives. Grants made during 2025 are outlined in Note 19 on page 43. The Jubilee Hope Medical Programme is operated by The African Inland Church of Tanzania Geita Diocese and the Amazon Hope Medical Programme is operated by PMEAP, the Trust's Peruvian subsidiary. 

## **Investment Policy and Performance** 

The Trust continued to invest some cash into quoted investments to secure an opportunity for a modestly higher return than currently available from bank fixed deposits. In order to mitigate the downside risks, a volunteer Investment Committee, made up of industry practitioners, advises the Finance Committee and, in turn, the Board of Directors. This group of practitioners monitors and makes recommendations to the Finance Committee. The Investment Committee continues to operate a very conservative mandate in terms of investment risk with the aim of achieving bank rates plus 2% as a target. 

## **Risk Management** 

The Directors continually assess the principal risks to which the charity is exposed and have established procedures to mitigate those identified through this ongoing review process. In addition to complying with all relevant UK and Peruvian employment legislation, the Trust operates in accordance with BS8848 standards across its overseas volunteering programmes. 

The key risks identified by the Vine Trust Board are: 

- Loss of key staff within a short period of time. 

- Withdrawal of support from overseas partners at short notice. 

- Insufficient income, including the unexpected loss of major donor support or lower-thananticipated volunteer participation. 

- Long-term breakdown of the medical ships. 

- Safeguarding of all individuals involved in the Trust’s activities. 

- Reputational risk. 

- Global health threats, including outbreaks of infectious diseases such as Ebola or coronavirus. 

## **Reserves Policy** 

The Directors seek to hold a level of reserves sufficient to meet the Trust's overseas and UK costs for six months and sufficient funds to ensure the ongoing development and expansion of the Trust's work. It is estimated that six-months operating costs equate to approximately £440k.  We will continue to drawdown on these reserves over the next two years as we rebuild volunteer numbers and school groups following the Covid Pandemic. We appointed a fundraiser in February 2025 to begin the process of rebuilding our reserves back towards our target. As indicated on page 15 and represented by the General Fund, the Trust's Unrestricted Reserves at 31 December 2025, amounted to £368,410 (2024: £344,307), a deficit of £71,590 (2024: £95,693 deficit) relative to target. 

## **Plans for the Future** 

While we expect to see some reluctance to volunteering as a result of wider financial pressures within the UK economy, we continue to believe that there remains a strong appetite for our volunteer programmes. This is demonstrated by the year-on-year increase in participation in our medical expeditions in both Peru and Tanzania, together with the growing number of school and corporate teams being planned for 2026 and beyond. 

As part of our Global Citizenship plans, the Trust will continue to provide volunteer opportunities for senior school expeditions, construction teams and medical volunteers associated with the Trust’s partnership projects in Tanzania and Peru. 

Page 6 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Report of the Trustees for the year ended 31 December 2025** 

## **Plans for the Future (cont’d)** 

Looking forward, we will continue to strengthen and expand the number of strategic partners we are working with in both Peru and Tanzania, while also building on the valuable relationships we already have with existing partners and sponsors in Peru, Tanzania, the USA and the UK. 

A key aspect of our future development plans for 2026 and beyond is the ongoing enhancement of incountry capacity, governance and accountability. This will include strengthening partnership agreements and reporting arrangements, progressing the registration of Vine Trust Tanzania and supporting the management and delivery capacity of our in-country partners. 

Our vision plan will concentrate on: 

- The continued development of our medical work on Lake Victoria, Tanzania through the operation of the MV Jubilee Hope, the integration of the MV Lady Jean, the development of island dispensing clinics and the expansion of HIV services. 

- The continued development of appropriate initiatives in Tanzania linked to safe water, livelihoods, health and education, where these can be supported by sustainable plans and effective local partnerships. 

- The expansion and enhancement of our shelter project partnership with TAWREF, connecting adult, corporate and school volunteers to initiatives which provide vital housing to vulnerable women and children. 

- The continued support of the guardian-parent families at Kazunzu Village of Hope, while working with Africa Inland Church Tanzania to expand income-generating activities and strengthening core infrastructure and services. 

- The continued development of primary healthcare and preventative public health initiatives in the Peruvian Amazon in partnership with international NGOs, universities, businesses and the Peruvian Government. 

- The development of new construction volunteering opportunities in Peru through the establishment of new partnerships and corresponding projects. 

- Expanding the size and reach of our global volunteering base, including the growth of medical, school, adult and corporate expeditions. 

- Strengthening and diversifying the Trust’s fundraising base through grant funding, regular giving, corporate partnerships and wider supporter engagement. 

- Continuing to reduce and assess the environmental impact of our activities as we work towards the Trust’s carbon-reduction commitments. 

## **Structure, Governance and Management** 

The Vine Trust is a company limited by guarantee (No. SC268073) governed by its Memorandum and Articles of Association and a registered Scottish Charity (No. SC017386). 

## **Appointment of Directors** 

New Directors are appointed at the discretion of the Board on a fixed term rotational basis. New Directors take part in an induction programme which aims to familiarise them with the charity's values, aims and objectives together with its day-to-day operations, in addition to clarifying their statutory responsibilities as Directors of a company limited by guarantee and as Trustees of a charity. 

## **Related Parties** 

Programa Medico Esperanza Amazonica Peru ("PMEAP"), an entity registered in Peru, is a wholly owned subsidiary of the Trust which delivers the Amazon Hope Medical Programme. The results of PMEAP for the year ended 31 December 2025 are outlined in Note 20 on page 43. 

Page 7 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Report of the Trustees for the year ended 31 December 2025** 

## **Organisational Structure** 

The Directors are responsible for the overall direction and administration of the Trust. The administration and allocation of funds is overseen by the Directors who meet at least four times per year. We also operate a sub-committee structure which covers finance and operations, medical and homebuilding programmes alongside a marine committee to advise on the operation of our medical ships. These committees meet on a more regular basis as required in support of the various programmes. The Chief Executive oversees the day-to-day operations from the charity's registered office and administrative base in Leith, Edinburgh supported by the Trust's management team. 

## **Key Management Personnel Remuneration** 

The Directors consider the Vine Trust Board and Chief Executive as the key management personnel ("KMP") with regard to directing, controlling and running the day-to-day operation of the charity. 

During 2025 the sole remunerated KMP was: Kenny Holt (Chief Executive). The total remuneration of KMP in 2025 is disclosed in Note 8 on page 35. Salaries of the staff team are reviewed annually by the Finance and Personnel Committee. They are set at market levels seen within the charity sector for similar roles and contributions within the East of Scotland area. 

No remuneration was paid to Directors in 2025 or 2024. Details of Directors' expenses and related party transactions are shown in Note 2 on page 26. 

## **Thank you** 

The Directors extend their sincere thanks to our Chief Executive, Mr Kenny Holt, and to all our dedicated staff in the UK, Peru, and Tanzania for their invaluable contribution to the charity’s work. We are also deeply grateful to our supporters, volunteers, schools, churches, corporate partners, and individual donors, whose generosity and encouragement continue to inspire and sustain both our teams and our overseas partners. Your ongoing support is greatly valued and truly appreciated. 

## **Reference and Administrative Information** 

_Directors / Trustees:_ Dr C H Bawn Mrs L Ballantyne Mr J Clark Rev A Currie Dr J A Cooper Mr N Johnstone Mrs J F Knak Mr M R Webb Mr S M Wham 

_Chief Executive:_ Mr K Holt _Company Secretary:_ Mr R Alexander (Resigned 20/11/2025) Mr N Johnstone (Appointed 20/11/2025) 

Page 8 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Report of the Trustees for the year ended 31 December 2025** 

**Reference and Administrative Information (cont’d)** _Registered Office:_ The Vine Trust Barge Prince of Wales Dock Leith Edinburgh EH6 7DX _Telephone:_ 0131 555 5598 _Website:_ www.vinetrust.org _Charity Registration Number:_ SC017386 _Company Registration Number:_ SC268073 _Auditors:_ Douglas Rae CA Sumer Auditco Limited 14 City Quay Dundee DD1 3JA _Bankers:_ Bank of Scotland Regent Centre Blackness Road Linlithgow EH49 7HU _Solicitors:_ Gillespie MacAndrew 76-80 Morningside Road Edinburgh EH10 4BY _Investment Managers:_ Bestinvest by Evelyn Partners (formally Tilney) 2 Floor The Royal Liver Building Liverpool L3 1NY 

Page 9 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Report of the Trustees for the year ended 31 December 2025** 

## **Trustees’ Responsibilities in relation to the Financial Statements** 

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.  In preparing the financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the applicable Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, 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 charity will continue in business. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as amended), and the provisions of the Trust deed.  They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## **Disclosure of information to auditor** 

In so far as the Directors are aware: 

- There is no relevant audit information of which the charity's auditors are unaware, and 

- The Directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website.  Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

## **Auditors** 

Sumer Auditco Limited were appointed as the Charity’s auditors following the year end and have expressed their willingness to continue in that capacity. 

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 

24.07.2026 

Approved by the trustees on ………………………. and signed on their behalf by: 


## **Dr C H Bawn** 

Director/Trustee 

Page 10 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Independent Auditor's Report to the Members and Trustees of The Vine Trust for the year ended 31 December 2025** 

## **Opinion** 

We have audited the financial statements of The Vine Trust (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 December 2025 which comprise the consolidated and parent company Statement of Financial Activities, the consolidated and parent company Statement of Financial Position, the consolidated and parent company Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies.  The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the group’s and parent charitable company’s affairs as at 31 December 2025, and of the group’s and parent charitable company’s incoming resources and application of resources including the group’s and parent charitable company’s income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulations 6 and 8 of the Charities Accounts (Scotland) Regulations 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.  We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 22 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not 

Page 11 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Independent Auditor's Report to the Members and Trustees of The Vine Trust for the year ended 31 December 2025** 

## **Other Information (cont’d)** 

express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the directors’ report has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report. 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion: 

- adequate and proper accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or 

- the parent charitable company’s financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of directors’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the directors’ report. 

## **Responsibilities of trustees** 

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. 

Page 12 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Independent Auditor's Report to the Members and Trustees of The Vine Trust for the year ended 31 December 2025** 

## **Auditor’s responsibilities for the audit of the financial statements** 

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

## **The extent to which the audit was considered capable of detecting irregularities including fraud** 

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: 

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; 

- we identified the laws and regulations applicable to the group and parent charitable company through discussions with Directors and other management, and from our wider knowledge and experience of the charity sector; 

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group and the parent charitable company, including the Companies Act 2006, Charities SORP FRS 102, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). 

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence and legal confirmations ; and 

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. 

We assessed the susceptibility of the group's and the parent charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: 

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and 

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. 

## **Audit response to risks identified** 

To address the risk of fraud through management bias and override of controls, we: 

- performed analytical procedures to identify any unusual or unexpected relationships; 

- tested a sample of journal entries to identify unusual transactions based on pre-defined risk criteria identified as part of our risk assessment; 

Page 13 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Independent Auditor's Report to the Members and Trustees of The Vine Trust for the year ended 31 December 2025** 

- assessed through planned audit procedures, such as recalculation, whether judgements and assumptions made in determining the accounting estimates set out in Note 1 were indicative of potential bias; and 

- investigated the rationale and validity of significant or unusual transactions. 

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: 

- agreeing financial statement disclosures to underlying supporting documentation; 

- reading the minutes of meetings of those charged with governance; 

- enquiring of management as to actual and potential litigation and claims; and 

- requesting correspondence with HMRC and OSCR. 

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Directors and other management and the inspection of regulatory and legal correspondence, if any. 

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standardsand-guidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilitiesfor-audit.aspx. This description forms part of our auditor’s report. 

## **Use of our report** 

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters we are required to state to them in an auditor’s report and for no other purpose.  To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. 


27.07.2026 

Douglas Rae CA 

## **Senior Statutory Auditor** 

## **for and behalf of Sumer Auditco Limited, Statutory Auditor** 

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006. Sumer Auditco Limited 14 City Quay Dundee DD1 3JA 

Page 14 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Consolidated Statement of Financial Activities for the year ended 31 December 2025** 

## **(Incorporating Income and Expenditure Account)** 

|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Income**<br>Donations and Legacies<br>**3**<br>270,304<br>Charitable Activities<br>**4**<br>-<br>Other Trading Activities<br>**5**<br>19,248<br>Investments<br>**6**<br>4,693<br>**Total Income**<br>**294,245**<br>**Expenditure**<br>Raising Funds<br>**7**<br>21,210<br>Charitable Activities<br>**7**<br>43,465<br>Other<br>-<br>**Total Expenditure**<br>**64,675**<br>229,570<br>**Transfers between funds**<br>**18**<br>(239,218)<br>(9,648)<br>-<br>34,352<br>(601)<br>**Net Movement in Funds**<br>24,103<br>**Reconciliation of Funds**<br>**Total Funds Brought Forward**<br>344,307<br>**Total Funds Carried Forward**<br>**17**<br>**368,410**<br>**(Losses) on foreign currency exchange**<br>**Net income/(expenditure) before**<br>**gains/(losses) on investments**<br>**Gains on investment assets**<br>**Gains on revaluation of fixed assets**|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Income**<br>Donations and Legacies<br>**3**<br>270,304<br>Charitable Activities<br>**4**<br>-<br>Other Trading Activities<br>**5**<br>19,248<br>Investments<br>**6**<br>4,693<br>**Total Income**<br>**294,245**<br>**Expenditure**<br>Raising Funds<br>**7**<br>21,210<br>Charitable Activities<br>**7**<br>43,465<br>Other<br>-<br>**Total Expenditure**<br>**64,675**<br>229,570<br>**Transfers between funds**<br>**18**<br>(239,218)<br>(9,648)<br>-<br>34,352<br>(601)<br>**Net Movement in Funds**<br>24,103<br>**Reconciliation of Funds**<br>**Total Funds Brought Forward**<br>344,307<br>**Total Funds Carried Forward**<br>**17**<br>**368,410**<br>**(Losses) on foreign currency exchange**<br>**Net income/(expenditure) before**<br>**gains/(losses) on investments**<br>**Gains on investment assets**<br>**Gains on revaluation of fixed assets**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>326,510<br>132,545<br>2,727<br>27|**Total**<br>**Total**<br>**Funds**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>596,814<br>809,031<br>132,545<br>287,627<br>21,975<br>9,904<br>4,720<br>8,758<br>**756,054**<br>**1,115,320**<br>24,997<br>17,161<br>994,270<br>1,123,679<br>-<br>-<br>**1,019,267**<br>**1,140,840**<br>(263,213)<br>(25,520)<br>-<br>-<br>(263,213)<br>(25,520)<br>-<br>148,311<br>34,352<br>17,682<br>(8,774)<br>(7,940)<br>(237,635)<br>132,533<br>4,416,782<br>4,284,249<br>**4,179,147**<br>**4,416,782**|
|---|---|---|---|---|
||**294,245**|**-**|**461,809**||
||21,210<br>43,465<br>-|-<br>161,782<br>-|3,787<br>789,023<br>-||
||**64,675**|**161,782**|**792,810**||
||229,570<br>(239,218)|(161,782)<br>-|(331,001)<br>239,218||
|||(161,782)<br>-<br>-<br>-|(91,783)<br>-<br>-<br>(8,173)||
||24,103<br>344,307|(161,782)<br>3,209,442|(99,956)<br>863,033||
||**368,410**|**3,047,660**|**763,077**||



All activities are classed as continuing. 

The notes on pages 21 to 44 form part of these financial statements. 

Page 15 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Parent - Statement of Financial Activities for the year ended 31 December 2025** 

## **(Incorporating Income and Expenditure Account)** 

|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Income**<br>Donations and Legacies<br>**3**<br>270,304<br>Charitable Activities<br>**4**<br>-<br>Other Trading Activities<br>**5**<br>19,248<br>Investments<br>**6**<br>4,693<br>**Total Income**<br>**294,245**<br>**Expenditure**<br>Raising Funds<br>**7**<br>21,210<br>Charitable Activities<br>**7**<br>43,465<br>**Total Expenditure**<br>**64,675**<br>229,570<br>**Transfers between funds**<br>(245,107)<br>(15,537)<br>-<br>34,352<br>(601)<br>**Net Movement in Funds**<br>18,214<br>**Reconciliation of Funds**<br>**Total Funds Brought Forward**<br>394,762<br>**Total Funds Carried Forward**<br>**412,976**<br>**(Losses)/gains on foreign currency**<br>**exchange**<br>**Net income/(expenditure) before**<br>**gains/(losses) on investments**<br>**Gains on revaluation of fixed assets**<br>**Gains on investment assets**|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Income**<br>Donations and Legacies<br>**3**<br>270,304<br>Charitable Activities<br>**4**<br>-<br>Other Trading Activities<br>**5**<br>19,248<br>Investments<br>**6**<br>4,693<br>**Total Income**<br>**294,245**<br>**Expenditure**<br>Raising Funds<br>**7**<br>21,210<br>Charitable Activities<br>**7**<br>43,465<br>**Total Expenditure**<br>**64,675**<br>229,570<br>**Transfers between funds**<br>(245,107)<br>(15,537)<br>-<br>34,352<br>(601)<br>**Net Movement in Funds**<br>18,214<br>**Reconciliation of Funds**<br>**Total Funds Brought Forward**<br>394,762<br>**Total Funds Carried Forward**<br>**412,976**<br>**(Losses)/gains on foreign currency**<br>**exchange**<br>**Net income/(expenditure) before**<br>**gains/(losses) on investments**<br>**Gains on revaluation of fixed assets**<br>**Gains on investment assets**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>310,233<br>132,545<br>2,297<br>-|**Total**<br>**Total**<br>**Funds**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>580,537<br>806,828<br>132,545<br>287,627<br>21,545<br>9,497<br>4,693<br>8,742<br>**739,320**<br>**1,112,694**<br>21,210<br>16,103<br>990,617<br>1,135,412<br>**1,011,827**<br>**1,151,515**<br>(272,507)<br>(38,821)<br>-<br>-<br>(272,507)<br>(38,821)<br>-<br>148,311<br>34,352<br>17,682<br>(601)<br>593<br>(238,756)<br>127,765<br>4,462,471<br>4,334,706<br>**4,223,715**<br>**4,462,471**|
|---|---|---|---|---|
||**294,245**|**-**|**445,075**||
||21,210<br>43,465|-<br>161,782|-<br>785,370||
||**64,675**|**161,782**|**785,370**||
||229,570<br>(245,107)|(161,782)<br>-|(340,295)<br>245,107||
||(15,537)<br>-<br>34,352<br>(601)|(161,782)<br>-<br>-<br>-|(95,188)<br>-<br>-<br>-||
||18,214<br>394,762|(161,782)<br>3,209,442|(95,188)<br>858,267||
||**412,976**|**3,047,660**|**763,079**||



All activities are classed as continuing. 

The notes on pages 21 to 44 form part of these financial statements. 

Page 16 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

Company No: SC268073 

## **The Vine Trust** 

## **Consolidated Statement of Financial Position as at 31 December 2025** 

|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Fixed Assets**<br>Tangible assets<br>**12**<br>-<br>Investments<br>**13**<br>399,099<br>**Total Fixed Assets**<br>**399,099**<br>**Current Assets**<br>Debtors<br>**14**<br>63,609<br>Cash at Bank and in Hand<br>(73,755)<br>**Total Current Assets**<br>**(10,146)**<br>**Liabilities**<br>**15**<br>20,543<br>**Net Current Assets/(Liabilities)**<br>**(30,689)**<br>**Total Assets less Current Liabilities**<br>**368,410**<br>**Net Assets**<br>**16**<br>**368,410**<br>**The Funds of the Charity**<br>Restricted Income Funds<br>-<br>Unrestricted Funds<br>368,410<br>**Total Charity Funds**<br>**17**<br>**368,410**<br>Creditors falling due within one<br>year|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Fixed Assets**<br>Tangible assets<br>**12**<br>-<br>Investments<br>**13**<br>399,099<br>**Total Fixed Assets**<br>**399,099**<br>**Current Assets**<br>Debtors<br>**14**<br>63,609<br>Cash at Bank and in Hand<br>(73,755)<br>**Total Current Assets**<br>**(10,146)**<br>**Liabilities**<br>**15**<br>20,543<br>**Net Current Assets/(Liabilities)**<br>**(30,689)**<br>**Total Assets less Current Liabilities**<br>**368,410**<br>**Net Assets**<br>**16**<br>**368,410**<br>**The Funds of the Charity**<br>Restricted Income Funds<br>-<br>Unrestricted Funds<br>368,410<br>**Total Charity Funds**<br>**17**<br>**368,410**<br>Creditors falling due within one<br>year|**Designated**<br>**Funds**<br>**£**<br>3,047,660<br>-|**Restricted**<br>**Funds**<br>**£**<br>652,050<br>-|**Total**<br>**Funds**<br>**2025**<br>**£**<br>3,699,710<br>399,099<br>**4,098,809**<br>95,672<br>200,803<br>**296,475**<br>216,137<br>**80,338**<br>**4,179,147**<br>**4,179,147**<br>763,077<br>3,416,070<br>**4,179,147**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>3,884,442<br>364,747|
|---|---|---|---|---|---|
||**399,099**|**3,047,660**|**652,050**||**4,249,189**|
||63,609<br>(73,755)|-<br>-|32,063<br>274,558||43,711<br>302,548|
||**(10,146)**<br>20,543|**-**<br>-|**306,621**<br>195,594||**346,259**<br>178,666|
||**(30,689)**|**-**|**111,027**||**167,593**|
||**368,410**|**3,047,660**|**763,077**||**4,416,782**|
||**368,410**|**3,047,660**|**763,077**||**4,416,782**|
||-<br>368,410|3,047,660|763,077<br>-||863,033<br>3,553,749|
||**368,410**|**3,047,660**|**763,077**||**4,416,782**|



The notes on pages 21 to 44 form part of these financial statements. 

The accounts were approved by the trustees on .................... and signed on their behalf by:24.07.2026 


**Mr M R Webb** _Trustee/Director_ 

Page 17 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

Company No: SC268073 

## **The Vine Trust** 

## **Parent - Statement of Financial Position as at 31 December 2025** 

|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Fixed Assets**<br>Tangible assets<br>**12**<br>-<br>Investments<br>**13**<br>399,099<br>**Total Fixed Assets**<br>**399,099**<br>**Current Assets**<br>Debtors<br>**14**<br>139,654<br>Cash at Bank and in Hand<br>(105,234)<br>**Total Current Assets**<br>**34,420**<br>**Liabilities**<br>**15**<br>20,543<br>**Net Current Assets/(Liabilities)**<br>**13,877**<br>**Total Assets less Current Liabilities**<br>**412,976**<br>**Net Assets**<br>**412,976**<br>**The Funds of the Charity**<br>Restricted Income Funds<br>-<br>Unrestricted Funds<br>412,976<br>**Total Charity Funds**<br>**412,976**<br>Creditors falling due within one|**Designated**<br>**Funds**<br>**£**<br>3,047,660<br>-|**Restricted**<br>**Funds**<br>**£**<br>652,050<br>-|**Total**<br>**Funds**<br>**2025**<br>**£**<br>3,699,710<br>399,099<br>**4,098,809**<br>169,163<br>169,426<br>**338,589**<br>213,683<br>**124,906**<br>**4,223,715**<br>**4,223,715**<br>763,079<br>3,460,636<br>**4,223,715**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>3,884,442<br>364,747|
|---|---|---|---|---|
||**3,047,660**|**652,050**||**4,249,189**|
||-<br>-|29,509<br>274,660||116,647<br>273,097|
||**-**<br>-|**304,169**<br>193,140||**389,744**<br>176,462|
||**-**|**111,029**||**213,282**|
||**3,047,660**|**763,079**||**4,462,471**|
||**3,047,660**|**763,079**||**4,462,471**|
||3,047,660|763,079<br>-||858,267<br>3,604,204|
||**3,047,660**|**763,079**||**4,462,471**|



The notes on pages 21 to 44 form part of these financial statements. The accounts were approved by the trustees on .................... and signed on their behalf by:24.07.2026 


**Mr M R Webb** _Trustee/Director_ 

Page 18 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Consolidated Statement of Cash Flows as at 31 December 2025** 

|**Net movement in funds for the reporting period**<br>(as per the statement of financial activities)<br>**Adjustments for:**<br>Depreciation charges<br>Tangible Fixed Asset revaluations<br>Donations in kind received<br>Donations in kind expensed<br>Dividends received<br>Interest received<br>Investment revaluations<br>Foreign exchange gains/losses<br>Decrease/(increase) in debtors<br>(Decrease)/increase in creditors<br>**Net cash generated used in operating activities**<br>**Cash flows from investing activities:**<br>Purchase of tangible fixed assets<br>Dividends received<br>Interest received<br>**Net cash used in investing activities**<br>**Change in cash and cash equivalents in the year**<br>**Cash and equivalents brought forward**<br>**Change in cash and cash equivalents due to**<br>**exchange rate movements**<br>**Cash and cash equivalents carried forward**<br>Cash held at bank|**Total**<br>**Funds**<br>**2025**<br>**£**<br>**(237,635)**<br>184,732<br>-<br>-<br>-<br>(1,784)<br>(2,936)<br>(34,352)<br>8,774<br>(51,961)<br>37,471<br>**(97,691)**<br>-<br>1,784<br>2,936<br>**4,720**<br>(92,971)<br>302,548<br>(8,774)<br>**200,803**<br>200,803<br>**200,803**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>**132,533**<br>162,198<br>(148,311)<br>(260,664)<br>15,245<br>(2,311)<br>(6,447)<br>(17,682)<br>7,940<br>27,757<br>(11,021)|
|---|---|---|
|||**(100,763)**|
|||(164,685)<br>2,311<br>6,447|
|||**(155,927)**|
|||(256,690)<br>567,178<br>(7,940)|
|||**302,548**|
|||302,548|
|||**302,548**|



The notes on pages 21 to 44 form part of these financial statements. 

Page 19 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Parent - Statement of Cash Flows as at 31 December 2025** 

|**Net movement in funds for the reporting period**<br>(as per the statement of financial activities)<br>**Adjustments for:**<br>Depreciation charges<br>Tangible Fixed Asset revaluations<br>Donations in kind received<br>Donations in kind expensed<br>Dividends received<br>Interest received<br>Investment revaluations<br>Foreign exchange gains/losses<br>Decrease/(increase) in debtors<br>(Decrease)/increase in creditors<br>**Net cash generated used in operating activities**<br>**Cash flows from investing activities:**<br>Purchase of tangible fixed assets<br>Dividends received<br>Interest received<br>**Net cash used in investing activities**<br>**Change in cash and cash equivalents in the year**<br>**Cash and equivalents brought forward**<br>**Change in cash and cash equivalents due to**<br>**exchange rate movements**<br>**Cash and cash equivalents carried forward**<br>Cash held at bank|**Total**<br>**Funds**<br>**2025**<br>**£**<br>**(238,756)**<br>184,732<br>-<br>-<br>-<br>(1,784)<br>(2,909)<br>(34,352)<br>601<br>(52,516)<br>37,221<br>**(107,763)**<br>-<br>1,784<br>2,909<br>**4,693**<br>(103,070)<br>273,097<br>(601)<br>**169,426**<br>169,426<br>**169,426**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>**127,765**<br>162,198<br>(148,311)<br>(260,664)<br>15,245<br>(2,311)<br>(6,431)<br>(17,682)<br>(593)<br>27,100<br>(11,329)|
|---|---|---|
|||**(115,013)**|
|||(164,685)<br>2,311<br>6,431|
|||**(155,943)**|
|||(270,956)<br>543,460<br>593|
|||**273,097**|
|||273,097|
|||**273,097**|



The notes on pages 21 to 44 form part of these financial statements. 

Page 20 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

**1. Accounting Policies** 

## _Charity information_ 

The Vine Trust is a charitable company limited by guarantee and incorporated in Scotland. The registered office address (and principal place of business) is The Vine Trust Barge, Prince of Wales Dock, Leith, Edinburgh EH6 7DX. 

## _Accounting Convention_ 

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006 and "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 UK and Republic of Ireland (FRS102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102. 

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 

## _Going Concern_ 

The Directors are obliged to consider the appropriateness of the going concern assumption when preparing the financial statements. 

Following the impact of Covid-19, the Directors approved the use of reserves to support the rebuilding of programmes. In addition, a dedicated Fundraiser has been appointed to help replenish reserves. Based on these actions and the Directors’ assessment, they are satisfied that there are no material uncertainties regarding the charity’s ability to continue as a going concern. Accordingly, the financial statements have been prepared on that basis. 

## _Group Financial Statements_ 

The financial statements consolidate the results of the charity and its wholly owned subsidiary, _Programa Medico Esperanza Amazonica Peru ("PMEAP")_ on a line-by-line basis. 

## _Charitable Funds_ 

Funds are classified as either Restricted Funds or Unrestricted Funds, defined as follows: 

**Restricted Funds** are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity. 

**Unrestricted Funds** are expendable at the discretion of the Directors in furtherance of the objects of the charity. If parts of the Unrestricted Funds are earmarked at the discretion of the Directors' for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the Directors' discretion to apply the fund. 

## _Income Recognition_ 

All income is recognised when the charity has evidence of entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Where relevant, income is recognised as a liability and included on the Statement of Financial Position as deferred income. 

Page 21 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

**1. Accounting Policies (cont’d)** _Donations and legacies_ 

Donations are recognised when the charity has evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Entitlement usually arises immediately upon receipt, however, in the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. 

Legacy gifts must be recognised when it is probable that it will be received. This is normally following the granting confirmation, when the administrator/executor of the estate has communicated in writing both the amount and settlement date and any conditions attached to the legacy are either within the control of the charity or have been met. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. 

## _Donated services, facilities and goods_ 

Donated services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and the economic benefit can be measured reliably. On receipt, donated services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. 

Donated goods are measured at their value unless it is impractical to measure the fair value reliability. Fair values are estimated based on the cost of the item to the donor. 

Donations include the estimated value of donated services provided by Forth Ports for free berthing of the charity's Barge. 

Volunteer time is not recognised in the financial statements. The importance of volunteers to the charity is recognised in the Directors' Report. 

## _Gift Aid_ 

Income tax recoverable on Gift Aid donations is recognised when the respective donation has been recognised and the recoverable amount of income tax can be measured reliably; this is when the donor has completed the relevant Gift Aid declaration form. 

## _Income from Charitable Activities_ 

Income from charitable activities includes income earned both from the supply of goods and services under contractual arrangements and from performance-related grants which have conditions that specify the provision of particular goods or services to be provided by the charity. Income from charitable activities is recognised as earned as the related goods or services are provided. 

Page 22 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

## **1. Accounting Policies (cont’d)** 

## _Grants receivable_ 

Income from government and other grants are recognised when the charity has unconditional entitlement to the funds, it is probable that the income will be received, the amount can be measured reliably. Unconditional entitlement will be achieved once any performance or other conditions attached to the grants have been met, or fulfilment of those conditions is wholly within control of the charity. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the Statement of Financial Position as deferred income to be released. 

## _Income from other trading activities_ 

Income from other trading activities includes income earned from both trading activities to raise funds for the charity and income from fundraising events and is recognised when the charity has entitlement to the funds, it is probable that these will be received and the amounts can be measured reliably. 

## _Investment Income_ 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this normally on notification of the interest paid or payable by the bank. 

Dividends are recognised when the shareholder's right to receive payment is established, measured at the fair value receivable. Generally, this is upon notification by the investment advisor once the dividend has been declared. 

## _Other income_ 

Other income represents income that cannot be reported under the other analysis headings provided within the Statement of Financial Activities and is recognised when the charity is entitled to the income, it is probable that it will be received and the amount can be measured reliably by the charity. 

## _Expenditure Recognition_ 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured or estimated reliably. 

All expenditure is accounted for on an accrual basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. Further information on the basis of allocation is provided below. 

## _Expenditure on raising funds_ 

Expenditure on raising funds includes all expenditure incurred by a charity to raise funds for its charitable purposes. It includes the costs of all fundraising activities and events together with the costs incurred in seeking donations, grants and legacies and investment management costs. 

## _Expenditure on charitable activities_ 

Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. The costs of charitable activities presented in the Statement of Financial Activities include the costs of both direct service provision and the payments of grant awards if applicable. 

Page 23 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

## **1. Accounting Policies (cont’d)** _Expenditure on grants_ 

Grants payable are made to third parties in the furtherance of the charitable objectives. The award of a grant is recognised as a liability only when the criteria for a constructive obligation are met, payment is probable, it can be measured reliably and there are no conditions attaching to its payment that limit recognition. 

## _Support Costs_ 

Support costs are incurred supporting the charity's activities and include expenditure associated with administrative and finance functions, business support, HR, IT and governance. 

## _Governance costs_ 

Governance costs (which are included as a component of support costs in accordance with SORP) comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include those related to constitutional and statutory requirements, external scrutiny (audit or independent examination), strategic management, and other legal and professional fees. 

## _Irrecoverable VAT_ 

Irrecoverable VAT is charged against the expenditure heading for which it was incurred. 

## _Activity based reporting_ 

To comply fully with the Statement of Recommended Practice would require income and expenditure to be reported by activity. The Directors are of the opinion that the charity's activities are inter-linked therefore this would be impractical to calculate and would provide no additional benefit to the users of these financial statements. Therefore, no further analysis of income and expenditure is provided within these financial statements. 

## _Financial Instruments_ 

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## _Tangible Fixed Assets and Deprecation_ 

The charity's fixed assets are stated at cost apart from Medical Vessels which are stated at valuation and revalued every 12 years. Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected life as follows: 

|Medical vessels|4%|Straight Line (Residual Value 15%)|
|---|---|---|
|Fixtures, fittings and equipment|33%|Straight Line|
|Centre for Global Citizenship Barge|4%|Straight Line (Residual Value 15%)|
|Equipment|20%|Straight Line|



The Revaluation Reserve represents gains arising from the revaluation of medical vessels. In line with the depreciation policy on medical vessels, the Revaluation Reserve is amortised over 25 years. 

Page 24 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

## **1. Accounting Policies (cont’d)** 

## _Fixed Asset Investments_ 

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the Statement of Financial Position date using the closing quoted market value. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Fair value is deemed to be market value. 

The activities and results of the charity's wholly owned subsidiary, Programa Medico Esperanza Amazonica Peru (an entity registered in Peru) are summarised in Note 20. 

## _Debtors_ 

Debtors are measured at their recoverable amounts, being the amount the charity anticipates it will receive in settlement of the debt. Prepayments are valued at the amount prepaid at the reporting date. 

## _Cash and Cash equivalents_ 

Cash at bank and in hand includes all cash equivalents held in the form of short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit or similar account. 

## _Creditors_ 

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of economic benefit - generally in the form of a cash payment - to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. If there is an unconditional right to defer payment for more than 12 months from reporting date then they are presented as non-current liabilities. 

## _Deferred income_ 

The charity receives income during the accounting year from volunteers for their participation in future trips mainly to Peru and Tanzania in furtherance of the charity's objectives. Where such income is deferred it is accounted for as a liability and shown on the Statement of Financial Position as deferred income. Deferred income is released to income in the reporting period in which the trips are undertaken and delivered. See also Note 15. 

## _Employee Benefits_ 

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 

## _Retirement benefits_ 

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 

## _Foreign currencies_ 

Monetary assets and liabilities denominated in foreign currencies are translated into Sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Statement of Financial Activities. 

Page 25 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

**1. Accounting Policies (cont’d)** 

## _Judgements and key sources of estimation uncertainty_ 

In the application of the charity's accounting policies, the Directors are required to make judgements estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

The following judgements or estimation uncertainties have a significant affect on amounts recognised in the financial statements: 

**Depreciation** _–_ Depreciation is calculated to fully write off the cost of the assets over their estimated useful life. Management estimate the useful life of each asset and residual value based on the expected use of the asset. Details of the depreciation charged in the period are included in ‘Tangible Fixed Assets’ note. 

**Donated goods and services, Berthing fees** – The value of the donated services covering the barge’s berthing fees are estimated by the trustees and are based on the commercial rates charged by Forth Ports Limited. 

**Donated goods and services, Medical Vessel conversion** – The value of the donated services covering the conversion of the Lady Jean and are based on the costs provided by Babcock International Group. 

**Revaluation** – The  property revaluations are carried out by professional surveyors and reliance is placed on their opinion as experts in their field. 

## _Leases_ 

Rentals payable under operating leases, including any lease incentive received, are charged as an expense on a straight line basis over the term of the relevant lease. 

**2. Related Party Transactions and Trustees’ Expenses and Remuneration** Related party transactions during the year ended 31 December 2025 were as follows: 

The charity gave grants of £334,219 (2024: £321,999) to support the work of its subsidiary, PMEAP, in the delivery of the Amazon Hope Medical Programme. 

The charity received donations, without conditions, from related parties totalling £9,670 (2024: £9,190) and restricted donations of £780 (2023: £30). 

During the year, no Directors received remuneration (2024: £nil). Expenses of £267 (2024: £nil) were incurred and paid for by the charity on behalf of Mr J Clark, director. 

During the year, the charity paid for goods totalling £525 (2024: £118) from Nuff Tees, a company owned by the brother of trustee, Clare Bawn. 

Page 26 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**3. Donations and Legacies**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Donations and gifts<br>86,337<br>-<br>Grants<br>102,570<br>-<br>Legacies<br>23,683<br>-<br>Income tax on gift aid<br>57,714<br>-<br>Donated goods and services<br>-<br>-<br>**270,304**<br>**-**<br>**Donations and Legacies - Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Donations and gifts<br>85,054<br>-<br>Grants<br>-<br>-<br>Legacies<br>74,501<br>-<br>Income tax on gift aid<br>40,606<br>-<br>Donated goods and services<br>15,245<br>-<br>**215,406**<br>**-**<br>**Donations and Legacies - Parent Charity**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Donations and gifts<br>86,337<br>-<br>Grants<br>102,570<br>-<br>Legacies<br>23,683<br>-<br>Income tax on gift aid<br>57,714<br>-<br>Donated goods and services<br>-<br>-<br>**270,304**<br>**-**<br>**Donations and Legacies - Parent Charity Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Donations and gifts<br>85,054<br>-<br>Grants<br>-<br>-<br>Legacies<br>74,501<br>-<br>Income tax on gift aid<br>40,606<br>-<br>Donated goods and services<br>15,245<br>-<br>**215,406**<br>**-**|**3. Donations and Legacies**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Donations and gifts<br>86,337<br>-<br>Grants<br>102,570<br>-<br>Legacies<br>23,683<br>-<br>Income tax on gift aid<br>57,714<br>-<br>Donated goods and services<br>-<br>-<br>**270,304**<br>**-**<br>**Donations and Legacies - Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Donations and gifts<br>85,054<br>-<br>Grants<br>-<br>-<br>Legacies<br>74,501<br>-<br>Income tax on gift aid<br>40,606<br>-<br>Donated goods and services<br>15,245<br>-<br>**215,406**<br>**-**<br>**Donations and Legacies - Parent Charity**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Donations and gifts<br>86,337<br>-<br>Grants<br>102,570<br>-<br>Legacies<br>23,683<br>-<br>Income tax on gift aid<br>57,714<br>-<br>Donated goods and services<br>-<br>-<br>**270,304**<br>**-**<br>**Donations and Legacies - Parent Charity Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Donations and gifts<br>85,054<br>-<br>Grants<br>-<br>-<br>Legacies<br>74,501<br>-<br>Income tax on gift aid<br>40,606<br>-<br>Donated goods and services<br>15,245<br>-<br>**215,406**<br>**-**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>326,510<br>-<br>-<br>-<br>-|**Total**<br>**Funds**<br>**2025**<br>**£**<br>412,847<br>102,570<br>23,683<br>57,714<br>-<br>**596,814**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>333,260<br>100,000<br>74,501<br>40,606<br>260,664<br>**809,031**<br>**Total**<br>**Funds**<br>**2025**<br>**£**<br>396,570<br>102,570<br>23,683<br>57,714<br>-<br>**580,537**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>331,057<br>100,000<br>74,501<br>40,606<br>260,664<br>**806,828**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>333,260<br>100,000<br>74,501<br>40,606<br>260,664|
|---|---|---|---|---|---|
||**270,304**|**-**|**326,510**||**809,031**|
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>248,206<br>100,000<br>-<br>-<br>245,419||**Total**<br>**Funds**<br>**2024**<br>**£**<br>331,057<br>100,000<br>74,501<br>40,606<br>260,664|
||**215,406**|**-**|**593,625**|||
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>310,233<br>-<br>-<br>-<br>-|||
||**270,304**|**-**|**310,233**||**806,828**|
||||**Restricted**<br>**Funds**<br>**£**<br>246,003<br>100,000<br>-<br>-<br>245,419|||
||**215,406**|**-**|**591,422**|||



Page 27 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**4.**<br>**Charitable Activities**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Medical expeditions<br>-<br>Home building expeditions<br>-<br>School expeditions<br>-<br>Safari expeditions<br>-<br>Peru flights<br>-<br>Tanzania flights<br>-<br>**-**<br>**Charitable Activities - Comparatives**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Medical expeditions<br>-<br>Home building expeditions<br>-<br>School expeditions<br>-<br>Safari expeditions<br>-<br>**-**<br>**Charitable Activities - Parent Charity**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Medical expeditions<br>-<br>Home building expeditions<br>-<br>School expeditions<br>-<br>Safari expeditions<br>-<br>Peru flights<br>-<br>Tanzania flights<br>-<br>**-**<br>**Charitable Activities - Parent Charity Comparatives**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Medical expeditions<br>-<br>Home building expeditions<br>-<br>School expeditions<br>-<br>Safari expeditions<br>-<br>**-**|**4.**<br>**Charitable Activities**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Medical expeditions<br>-<br>Home building expeditions<br>-<br>School expeditions<br>-<br>Safari expeditions<br>-<br>Peru flights<br>-<br>Tanzania flights<br>-<br>**-**<br>**Charitable Activities - Comparatives**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Medical expeditions<br>-<br>Home building expeditions<br>-<br>School expeditions<br>-<br>Safari expeditions<br>-<br>**-**<br>**Charitable Activities - Parent Charity**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Medical expeditions<br>-<br>Home building expeditions<br>-<br>School expeditions<br>-<br>Safari expeditions<br>-<br>Peru flights<br>-<br>Tanzania flights<br>-<br>**-**<br>**Charitable Activities - Parent Charity Comparatives**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Medical expeditions<br>-<br>Home building expeditions<br>-<br>School expeditions<br>-<br>Safari expeditions<br>-<br>**-**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>43,759<br>776<br>31,145<br>11,371<br>1,141<br>44,353|**Total**<br>**Funds**<br>**2025**<br>**£**<br>43,759<br>776<br>31,145<br>11,371<br>1,141<br>44,353<br>**132,545**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>47,364<br>46,472<br>159,601<br>34,190<br>**287,627**<br>**Total**<br>**Funds**<br>**2025**<br>**£**<br>43,759<br>776<br>31,145<br>11,371<br>1,141<br>44,353<br>**132,545**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>47,364<br>46,472<br>159,601<br>34,190<br>**287,627**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>47,364<br>46,472<br>159,601<br>34,190<br>-<br>-|
|---|---|---|---|---|---|
||**-**|**-**|**132,545**||**287,627**|
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>47,364<br>46,472<br>159,601<br>34,190||**Total**<br>**Funds**<br>**2024**<br>**£**<br>47,364<br>46,472<br>159,601<br>34,190<br>-<br>-|
||**-**|**-**|**287,627**|||
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>43,759<br>776<br>31,145<br>11,371<br>1,141<br>44,353|||
||**-**|**-**|**132,545**||**287,627**|
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>47,364<br>46,472<br>159,601<br>34,190|||
||**-**|**-**|**287,627**|||



Page 28 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**5. Other Trading Activities**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Sale of products<br>285<br>-<br>Letting income<br>2,833<br>-<br>Promotional events<br>16,130<br>-<br>**19,248**<br>**-**<br>**Other Trading Activities - Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Sale of products<br>2,120<br>-<br>Letting income<br>5,847<br>-<br>Promotional events<br>1,530<br>-<br>**9,497**<br>**-**<br>**Other Trading Activities - Parent Charity**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Sale of products<br>285<br>-<br>Letting income<br>2,833<br>-<br>Promotional events<br>16,130<br>-<br>**19,248**<br>**-**<br>**Other Trading Activities - Parent Charity Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Sale of products<br>2,120<br>-<br>Letting income<br>5,847<br>-<br>Promotional events<br>1,530<br>-<br>**9,497**<br>**-**|**5. Other Trading Activities**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Sale of products<br>285<br>-<br>Letting income<br>2,833<br>-<br>Promotional events<br>16,130<br>-<br>**19,248**<br>**-**<br>**Other Trading Activities - Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Sale of products<br>2,120<br>-<br>Letting income<br>5,847<br>-<br>Promotional events<br>1,530<br>-<br>**9,497**<br>**-**<br>**Other Trading Activities - Parent Charity**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Sale of products<br>285<br>-<br>Letting income<br>2,833<br>-<br>Promotional events<br>16,130<br>-<br>**19,248**<br>**-**<br>**Other Trading Activities - Parent Charity Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Sale of products<br>2,120<br>-<br>Letting income<br>5,847<br>-<br>Promotional events<br>1,530<br>-<br>**9,497**<br>**-**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>430<br>-<br>2,297|**Total**<br>**Funds**<br>**2025**<br>**£**<br>715<br>2,833<br>18,427<br>**21,975**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>2,527<br>5,847<br>1,530<br>**9,904**<br>**Total**<br>**Funds**<br>**2025**<br>**£**<br>285<br>2,833<br>18,427<br>**21,545**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>2,120<br>5,847<br>1,530<br>**9,497**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>2,527<br>5,847<br>1,530|
|---|---|---|---|---|---|
||**19,248**|**-**|**2,727**||**9,904**|
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>407<br>-<br>-||**Total**<br>**Funds**<br>**2024**<br>**£**<br>2,120<br>5,847<br>1,530|
||**9,497**|**-**|**407**|||
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>2,297|||
||**19,248**|**-**|**2,297**||**9,497**|
||||**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>-|||
||**9,497**|**-**|**-**|||



Page 29 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**6. Investments**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Dividends<br>1,784<br>Interest<br>2,909<br>**4,693**<br>**Investments - Comparatives**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Dividends<br>2,311<br>Interest<br>6,431<br>**8,742**<br>**Investments - Parent Charity**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Dividends<br>1,784<br>Interest<br>2,909<br>**4,693**<br>**Investments - Parent Charity Comparatives**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Dividends<br>2,311<br>Interest<br>6,431<br>**8,742**|**6. Investments**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Dividends<br>1,784<br>Interest<br>2,909<br>**4,693**<br>**Investments - Comparatives**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Dividends<br>2,311<br>Interest<br>6,431<br>**8,742**<br>**Investments - Parent Charity**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Dividends<br>1,784<br>Interest<br>2,909<br>**4,693**<br>**Investments - Parent Charity Comparatives**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Dividends<br>2,311<br>Interest<br>6,431<br>**8,742**|**Designated**<br>**Funds**<br>**£**<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>27|**Total**<br>**Funds**<br>**2025**<br>**£**<br>1,784<br>2,936<br>**4,720**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>2,311<br>6,447<br>**8,758**<br>**Total**<br>**Funds**<br>**2025**<br>**£**<br>1,784<br>2,909<br>**4,693**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>2,311<br>6,431<br>**8,742**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>2,311<br>6,447|
|---|---|---|---|---|---|
||**4,693**|**-**|**27**||**8,758**|
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>16||**Total**<br>**Funds**<br>**2024**<br>**£**<br>2,311<br>6,431|
||**8,742**|**-**|**16**|||
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>-|||
||**4,693**|**-**|**-**||**8,742**|
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>-|||
||**8,742**|**-**|**-**|||



Page 30 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**7. Analysis of Expenditure**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**Raising Funds**<br>Online costs<br>7,145<br>Promotional events and materials<br>7,185<br>Charges on donations<br>6,753<br>Letting costs<br>127<br>**21,210**<br>**Charitable Expenditure**<br>Grants paid<br>(note 19)<br>-<br>Medical programme costs<br>-<br>Salaries<br>-<br>Social security<br>-<br>Pensions<br>-<br>Expedition costs<br>-<br>Motor and travel costs<br>693<br>UK maintenace and developments<br>3,397<br>Berthing fees<br>-<br>General expenses<br>8,367<br>Telephone and administration costs<br>10,134<br>Depreciation<br>-<br>Professional fees<br>1,270<br>Training and conferences<br>727<br>Board meetings and travel<br>397<br>Accountancy fees<br>3,960<br>Auditors' remuneration<br>14,520<br>**43,465**<br>**Total**<br>**64,675**|**7. Analysis of Expenditure**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**Raising Funds**<br>Online costs<br>7,145<br>Promotional events and materials<br>7,185<br>Charges on donations<br>6,753<br>Letting costs<br>127<br>**21,210**<br>**Charitable Expenditure**<br>Grants paid<br>(note 19)<br>-<br>Medical programme costs<br>-<br>Salaries<br>-<br>Social security<br>-<br>Pensions<br>-<br>Expedition costs<br>-<br>Motor and travel costs<br>693<br>UK maintenace and developments<br>3,397<br>Berthing fees<br>-<br>General expenses<br>8,367<br>Telephone and administration costs<br>10,134<br>Depreciation<br>-<br>Professional fees<br>1,270<br>Training and conferences<br>727<br>Board meetings and travel<br>397<br>Accountancy fees<br>3,960<br>Auditors' remuneration<br>14,520<br>**43,465**<br>**Total**<br>**64,675**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>2,647<br>1,140<br>-|**Total**<br>**Funds**<br>**2025**<br>**£**<br>7,145<br>9,832<br>7,893<br>127<br>**24,997**<br>46,557<br>246,056<br>339,258<br>11,913<br>15,574<br>106,715<br>693<br>3,397<br>-<br>8,367<br>10,134<br>184,732<br>1,270<br>727<br>397<br>3,960<br>14,520<br>**994,270**<br>**1,019,267**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>6,200<br>2,012<br>8,331<br>618|
|---|---|---|---|---|---|
||**21,210**|**-**|**3,787**||**17,161**|
||-<br>-<br>-<br>-<br>-<br>-<br>693<br>3,397<br>-<br>8,367<br>10,134<br>-<br>1,270<br>727<br>397<br>3,960<br>14,520|-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>161,782<br>-<br>-<br>-<br>-<br>-|46,557<br>246,056<br>339,258<br>11,913<br>15,574<br>106,715<br>-<br>-<br>-<br>-<br>-<br>22,950<br>-<br>-<br>-<br>-<br>-||40,554<br>271,022<br>307,402<br>12,190<br>13,003<br>216,237<br>1,674<br>32,128<br>15,245<br>6,636<br>11,494<br>162,198<br>7,369<br>7,878<br>198<br>3,960<br>14,491|
||**43,465**|**161,782**|**789,023**||**1,123,679**|
|||||||
||**64,675**|**161,782**|**792,810**||**1,140,840**|



Support costs have not been separately identified as the trustees consider that there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified. 

Page 31 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**7. Analysis of Expenditure (cont'd) - Comparatives**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**Raising Funds**<br>Online costs<br>6,200<br>Promotional events and materials<br>2,012<br>Charges on donations<br>7,273<br>Letting costs<br>618<br>**16,103**<br>**Charitable Expenditure**<br>Grants paid<br>(note 19)<br>-<br>Medical programme costs<br>-<br>Salaries<br>-<br>Social security<br>-<br>Pensions<br>-<br>Expedition costs<br>-<br>Motor and travel costs<br>1,037<br>UK maintenace and developments<br>32,128<br>Berthing fees<br>15,245<br>General expenses<br>6,636<br>Telephone and administration costs<br>11,494<br>Depreciation<br>-<br>Professional fees<br>7,369<br>Training and conferences<br>7,878<br>Board meetings and travel<br>198<br>Accountancy fees<br>3,960<br>Auditors' remuneration<br>14,491<br>**100,436**<br>**Total**<br>**116,539**|**7. Analysis of Expenditure (cont'd) - Comparatives**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**Raising Funds**<br>Online costs<br>6,200<br>Promotional events and materials<br>2,012<br>Charges on donations<br>7,273<br>Letting costs<br>618<br>**16,103**<br>**Charitable Expenditure**<br>Grants paid<br>(note 19)<br>-<br>Medical programme costs<br>-<br>Salaries<br>-<br>Social security<br>-<br>Pensions<br>-<br>Expedition costs<br>-<br>Motor and travel costs<br>1,037<br>UK maintenace and developments<br>32,128<br>Berthing fees<br>15,245<br>General expenses<br>6,636<br>Telephone and administration costs<br>11,494<br>Depreciation<br>-<br>Professional fees<br>7,369<br>Training and conferences<br>7,878<br>Board meetings and travel<br>198<br>Accountancy fees<br>3,960<br>Auditors' remuneration<br>14,491<br>**100,436**<br>**Total**<br>**116,539**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>1,058<br>-|**Total**<br>**Funds**<br>**2024**<br>**£**<br>6,200<br>2,012<br>8,331<br>618|
|---|---|---|---|---|
||**16,103**|**-**|**1,058**|**17,161**|
||-<br>-<br>-<br>-<br>-<br>-<br>1,037<br>32,128<br>15,245<br>6,636<br>11,494<br>-<br>7,369<br>7,878<br>198<br>3,960<br>14,491|-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>162,198<br>-<br>-<br>-<br>-<br>-|40,554<br>271,022<br>307,402<br>12,190<br>13,003<br>216,237<br>637<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|40,554<br>271,022<br>307,402<br>12,190<br>13,003<br>216,237<br>1,674<br>32,128<br>15,245<br>6,636<br>11,494<br>162,198<br>7,369<br>7,878<br>198<br>3,960<br>14,491|
||**100,436**|**162,198**|**861,045**|**1,123,679**|
||||||
||**116,539**|**162,198**|**862,103**|**1,140,840**|



Support costs have not been separately identified as the trustees consider that there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified. 

Page 32 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**7. Analysis of Expenditure (cont'd) - Parent Charity**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**Raising Funds**<br>Online costs<br>7,145<br>Promotional events and materials<br>7,185<br>Charges on donations<br>6,753<br>Letting costs<br>127<br>**21,210**<br>**Charitable Expenditure**<br>Grants paid<br>(note 19)<br>-<br>Medical programme costs<br>-<br>Salaries<br>-<br>Social security<br>-<br>Pensions<br>-<br>Expedition costs<br>-<br>Motor and travel costs<br>693<br>UK maintenace and developments<br>3,397<br>Berthing fees<br>-<br>General expenses<br>8,367<br>Telephone and administration costs<br>10,134<br>Depreciation<br>-<br>Professional fees<br>1,270<br>Training and conferences<br>727<br>Board meetings and travel<br>397<br>Accountancy fees<br>3,960<br>Auditors' remuneration<br>14,520<br>**43,465**<br>**Total**<br>**64,675**|**7. Analysis of Expenditure (cont'd) - Parent Charity**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**Raising Funds**<br>Online costs<br>7,145<br>Promotional events and materials<br>7,185<br>Charges on donations<br>6,753<br>Letting costs<br>127<br>**21,210**<br>**Charitable Expenditure**<br>Grants paid<br>(note 19)<br>-<br>Medical programme costs<br>-<br>Salaries<br>-<br>Social security<br>-<br>Pensions<br>-<br>Expedition costs<br>-<br>Motor and travel costs<br>693<br>UK maintenace and developments<br>3,397<br>Berthing fees<br>-<br>General expenses<br>8,367<br>Telephone and administration costs<br>10,134<br>Depreciation<br>-<br>Professional fees<br>1,270<br>Training and conferences<br>727<br>Board meetings and travel<br>397<br>Accountancy fees<br>3,960<br>Auditors' remuneration<br>14,520<br>**43,465**<br>**Total**<br>**64,675**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Total**<br>**Funds**<br>**2025**<br>**£**<br>7,145<br>7,185<br>6,753<br>127<br>**21,210**<br>380,776<br>67,909<br>179,533<br>11,913<br>15,574<br>106,715<br>693<br>3,397<br>-<br>8,367<br>10,134<br>184,732<br>1,270<br>727<br>397<br>3,960<br>14,520<br>**990,617**<br>**1,011,827**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>6,200<br>2,012<br>7,273<br>618|
|---|---|---|---|---|---|
||**21,210**|**-**|**-**||**16,103**|
||-<br>-<br>-<br>-<br>-<br>-<br>693<br>3,397<br>-<br>8,367<br>10,134<br>-<br>1,270<br>727<br>397<br>3,960<br>14,520|-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>161,782<br>-<br>-<br>-<br>-<br>-|380,776<br>67,909<br>179,533<br>11,913<br>15,574<br>106,715<br>-<br>-<br>-<br>-<br>-<br>22,950<br>-<br>-<br>-<br>-<br>-||362,553<br>97,959<br>170,199<br>12,190<br>13,003<br>216,237<br>1,674<br>32,128<br>15,245<br>6,636<br>11,494<br>162,198<br>7,369<br>7,878<br>198<br>3,960<br>14,491|
||**43,465**|**161,782**|**785,370**||**1,135,412**|
|||||||
||**64,675**|**161,782**|**785,370**||**1,151,515**|



Page 33 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**7. Analysis of Expenditure (cont'd) - Parent Charity Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>**Raising Funds**<br>Online costs<br>6,200<br>-<br>Promotional events and materials<br>2,012<br>-<br>Charges on donations<br>7,273<br>-<br>Letting costs<br>618<br>-<br>**16,103**<br>**-**<br>**Charitable Expenditure**<br>Grants paid<br>(note 19)<br>-<br>-<br>Medical programme costs<br>-<br>-<br>Salaries<br>-<br>-<br>Social security<br>-<br>-<br>Pensions<br>-<br>-<br>Expedition costs<br>-<br>-<br>Motor and travel costs<br>1,037<br>-<br>UK maintenace and developments<br>32,128<br>-<br>Berthing fees<br>15,245<br>-<br>General expenses<br>6,636<br>-<br>Telephone and administration costs<br>11,494<br>-<br>Depreciation<br>-<br>162,198<br>Professional fees<br>7,369<br>-<br>Training and conferences<br>7,878<br>-<br>Board meetings and travel<br>198<br>-<br>Accountancy fees<br>3,960<br>-<br>Auditors' remuneration<br>14,491<br>-<br>**100,436**<br>**162,198**<br>**Total**<br>**116,539**<br>**162,198**|**7. Analysis of Expenditure (cont'd) - Parent Charity Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>**Raising Funds**<br>Online costs<br>6,200<br>-<br>Promotional events and materials<br>2,012<br>-<br>Charges on donations<br>7,273<br>-<br>Letting costs<br>618<br>-<br>**16,103**<br>**-**<br>**Charitable Expenditure**<br>Grants paid<br>(note 19)<br>-<br>-<br>Medical programme costs<br>-<br>-<br>Salaries<br>-<br>-<br>Social security<br>-<br>-<br>Pensions<br>-<br>-<br>Expedition costs<br>-<br>-<br>Motor and travel costs<br>1,037<br>-<br>UK maintenace and developments<br>32,128<br>-<br>Berthing fees<br>15,245<br>-<br>General expenses<br>6,636<br>-<br>Telephone and administration costs<br>11,494<br>-<br>Depreciation<br>-<br>162,198<br>Professional fees<br>7,369<br>-<br>Training and conferences<br>7,878<br>-<br>Board meetings and travel<br>198<br>-<br>Accountancy fees<br>3,960<br>-<br>Auditors' remuneration<br>14,491<br>-<br>**100,436**<br>**162,198**<br>**Total**<br>**116,539**<br>**162,198**|**7. Analysis of Expenditure (cont'd) - Parent Charity Comparatives**<br>**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>**Raising Funds**<br>Online costs<br>6,200<br>-<br>Promotional events and materials<br>2,012<br>-<br>Charges on donations<br>7,273<br>-<br>Letting costs<br>618<br>-<br>**16,103**<br>**-**<br>**Charitable Expenditure**<br>Grants paid<br>(note 19)<br>-<br>-<br>Medical programme costs<br>-<br>-<br>Salaries<br>-<br>-<br>Social security<br>-<br>-<br>Pensions<br>-<br>-<br>Expedition costs<br>-<br>-<br>Motor and travel costs<br>1,037<br>-<br>UK maintenace and developments<br>32,128<br>-<br>Berthing fees<br>15,245<br>-<br>General expenses<br>6,636<br>-<br>Telephone and administration costs<br>11,494<br>-<br>Depreciation<br>-<br>162,198<br>Professional fees<br>7,369<br>-<br>Training and conferences<br>7,878<br>-<br>Board meetings and travel<br>198<br>-<br>Accountancy fees<br>3,960<br>-<br>Auditors' remuneration<br>14,491<br>-<br>**100,436**<br>**162,198**<br>**Total**<br>**116,539**<br>**162,198**|**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Total**<br>**Funds**<br>**2024**<br>**£**<br>6,200<br>2,012<br>7,273<br>618|
|---|---|---|---|---|
||**16,103**|**-**|**-**|**16,103**|
||-<br>-<br>-<br>-<br>-<br>-<br>1,037<br>32,128<br>15,245<br>6,636<br>11,494<br>-<br>7,369<br>7,878<br>198<br>3,960<br>14,491|-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>162,198<br>-<br>-<br>-<br>-<br>-|362,553<br>97,959<br>170,199<br>12,190<br>13,003<br>216,237<br>637<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|362,553<br>97,959<br>170,199<br>12,190<br>13,003<br>216,237<br>1,674<br>32,128<br>15,245<br>6,636<br>11,494<br>162,198<br>7,369<br>7,878<br>198<br>3,960<br>14,491|
||**100,436**|**162,198**|**872,778**|**1,135,412**|
||||||
||**116,539**|**162,198**|**872,778**|**1,151,515**|



Support costs have not been separately identified as the trustees consider that there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified. 

Page 34 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**8. Analysis of Staff Costs**<br>Salaries and wages<br>Social security costs<br>Pension costs<br>**The average number of staff during the year:**<br>Employees|**Total**<br>**2025**<br>**£**<br>339,258<br>11,913<br>15,574<br>**366,745**<br>**Total**<br>**2025**<br>**Number**<br>18<br>**18**|**Total**<br>**2024**<br>**£**<br>307,402<br>12,190<br>13,003|
|---|---|---|
|||**332,595**|
|||**Total**<br>**2024**<br>**Number**<br>15|
|||**15**|



The average number of employees in the year was 18 (2024: 15). One employee had employee benefits in excess of £60,000 (2024: One), this falls in the £60,000 to £70,000 (2024: £60,000 to £70,000) bracket. The number of employees with benefits accruing under a defined contribution pension scheme was 15 (2024: 13). 

The Directors consider the Vine Trust Board and Chief Executive as the key management personnel. Total remuneration to key management personnel for the year was £69,465 (2024: £97,860). Prior year included Admin Lead, a position which is no longer exists. 

The operations of the Amazon Hope Medical Programme were transferred to the Trust's subsidiary, PMEAP, on 1 January 2016, which included the transfer of 15 employees. The operations of the Jubilee Hope Medical Programme continue to be facilitated by AICT with an average of 12 (2024: 10) employees involved with the programme during the year ending 31 December 2025. 

|**Analysis of Staff Costs - Parent Charity**<br>Salaries and wages<br>Social security costs<br>Pension costs<br>**The average number of staff during the year:**<br>Employees|**Total**<br>**2025**<br>**£**<br>179,533<br>11,913<br>15,574<br>**207,020**<br>**Total**<br>**2025**<br>**Number**<br>6<br>**6**|**Total**<br>**2024**<br>**£**<br>170,199<br>12,190<br>13,003|
|---|---|---|
|||**195,392**|
|||**Total**<br>**2024**<br>**Number**<br>5|
|||**5**|



The average number of employees in the year was 6 (2024: 5). One employee had employee benefits in excess of £60,000 (2024: One), this falls in £60,000 to £70,000 (2024: £60,000 to £70,000) bracket. The number of employees with benefits accruing under a defined contribution pension scheme was 6 (2024: 5). 

The Directors consider the Vine Trust Board and Chief Executive as the key management personnel. Total remuneration to key management personnel for the year was £69,465 (2024: £97,860). Prior year included Admin Lead, a position which is no longer exists. 

The charity operates a defined contribution pension scheme in respect of those staff who wish to participate. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the charity and amounted to £15,574 (2024: £13,003).  At the year end, £nil was owed by the charity to the scheme (2024: £1,350). 

Page 35 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

## **9. Auditor's Remuneration** 

The auditor’s remuneration paid amounted to an audit fee of £14,520 (2024: £14,491) and accountancy services of £3,960 (2024: £3,960). 

## **Auditor's Remuneration - Parent Charity** 

The auditor’s remuneration paid amounted to an audit fee of £14,520 (2024: £14,491) and accountancy services of £3,960 (2024: £3,960). 

|**10. Net incoming/outgoing resources for the year**<br>This is stated after charging:<br>Depreciation - note 12<br>Auditors remuneration<br>Foreign exchange gains/losses<br>**Net incoming/outgoing resources for the year - Parent Charity**<br>This is stated after charging:<br>Depreciation - note 12<br>Auditors remuneration<br>Foreign exchange gains/losses|**Total**<br>**2025**<br>**£**<br>184,732<br>14,520<br>8,774<br>**Total**<br>**2025**<br>**£**<br>184,732<br>14,520<br>601|**Total**<br>**2024**<br>**£**<br>162,198<br>14,491<br>7,940|
|---|---|---|
|||**Total**<br>**2024**<br>**£**<br>162,198<br>14,491<br>(593)|



## **11. Taxation** 

No liability to UK Corporation Tax arises in light of the company's charitable status. 

|**Tangible Fixed Assets**<br>**Cost / Valuation**<br>As at 1 January 2025<br>**As at 31 December 2025**<br>**Depreciation**<br>As at 1 January 2025<br>Charge for the year<br>**As at 31 December 2025**<br>**Net Book Value**<br>As at 31 December 2024<br>**As at 31 December 2025**|**£**<br>715,713<br>**Centre for**<br>**Gobal**<br>**Citizenship**|**£**<br>25,224<br>**Fixtures and**<br>**Fittings**|**£**<br>4,836,105<br>**4,836,105**<br>1,328,377<br>158,408<br>**1,486,785**<br>3,507,728<br>**3,349,320**<br>**Medical**<br>**Vessels**|**£**<br>5,577,042<br>**Total**|
|---|---|---|---|---|
||**715,713**|**25,224**||**5,577,042**|
||341,861<br>24,210|22,362<br>2,114||1,692,600<br>184,732|
||**366,071**|**24,476**||**1,877,332**|
||373,852|2,862||3,884,442|
||**349,642**|**748**||**3,699,710**|



## **12. Tangible Fixed Assets** 

Page 36 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**12. Tangible Fixed Assets (cont'd)**<br>**Analysis of Cost / Valuation**<br>Depreciated Cost<br>Valuation<br>**Tangible Fixed Assets - Parent Company**<br>**Cost / Valuation**<br>As at 1 January 2025<br>**As at 31 December 2025**<br>**Depreciation**<br>As at 1 January 2025<br>Charge for the year<br>**As at 31 December 2025**<br>**Net Book Value**<br>As at 31 December 2024<br>**As at 31 December 2025**<br>**Analysis of Cost / Valuation**<br>Depreciated Cost<br>Valuation|**£**<br>-<br>349,642<br>**Centre for**<br>**Gobal**<br>**Citizenship**|**£**<br>748<br>-<br>**Fixtures and**<br>**Fittings**|**£**<br>-<br>3,349,320<br>**3,349,320**<br>**£**<br>4,836,105<br>**4,836,105**<br>1,328,377<br>158,408<br>**1,486,785**<br>3,507,728<br>**3,349,320**<br>-<br>3,349,320<br>**3,349,320**<br>**Medical**<br>**Vessels**<br>**Medical**<br>**Vessels**|**£**<br>748<br>3,698,962<br>**Total**|
|---|---|---|---|---|
||**349,642**|**748**||**3,699,710**|
||**£**<br>715,713<br>**Centre for**<br>**Gobal**<br>**Citizenship**|**£**<br>25,224<br>**Fixtures and**<br>**Fittings**||**£**<br>5,577,042<br>**Total**|
||**715,713**|**25,224**||**5,577,042**|
||341,861<br>24,210|22,362<br>2,114||1,692,600<br>184,732|
||**366,071**|**24,476**||**1,877,332**|
||373,852|2,862||3,884,442|
||**349,642**|**748**||**3,699,710**|
||-<br>349,642|748<br>-||748<br>3,698,962|
||**349,642**|**748**||**3,699,710**|



The Forth Hope vessel entered active service in Peru on 1 January 2018. During the year ended 31 December 2018, its registration was transferred to Vine Trust Peru, a Peruvian registered company under the control of The Vine Trust, as a legal necessity in order for the vessel to continue to use Peruvian waters. (Amazon Hope 2 was transferred in 2013). This was the only material transaction involving Vine Trust Peru. These assets have been retained in the financial statements of The Vine Trust on the basis that a disposal of the assets would not be an accurate reflection in respect of assets which remain integral to The Vine Trust's charitable activities. 

The Amazon Hope 2 was revalued on 18 April 2019 by an independent valuer, Hallgarth Marine. The carrying amount that would have been recognised had the asset been carried under the cost model would be £209,839. The next revaluation is due in 2031. 

The Forth Hope was revalued on 31 December 2017 by an independent valuer, A Adamson and Company (Marine Surveyors). The carrying amount that would have been recognised had the asset been carried under the cost model would be £2,090,295. The next revaluation is due in 2029. 

Page 37 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

## **12. Tangible Fixed Assets (cont'd)** 

The Jubilee Hope was brought into active service in 2014 and is yet to be revalued. The next revaluation is due in 2026. 

The Lady Jean was revalued on 12 August 2024 by an independent valuer, Hallgarth Marine. The carrying amount that would have been recognised had the asset been carried under the cost model would be £526,689. The next revaluation is due in 2036. 

|**13. Investments**<br>**Total**<br>**2025**<br>**£**<br>Market value as at 1 January 2025<br>364,747<br>Unrealised gain on investments<br>34,352<br>Market value as at 31 December 2025<br>**399,099**<br>Cost of investments held<br>**339,369**<br>Capital Finance Managers Ruffer Total Return Ord Inc<br>156,903<br>Schroder Unit Trusts High Yield Opportunities Z Acc<br>77,959<br>Link Fund Sol Ltd Capita Trojan X Acc<br>164,237<br>Market value as at 31 December 2025<br>**399,099**<br>**Investments - Parent Charity**<br>**Total**<br>**2025**<br>**£**<br>Market value as at 1 January 2025<br>364,747<br>Unrealised gain on investments<br>34,352<br>Market value as at 31 December 2025<br>**399,099**<br>Cost of investments held<br>**339,369**<br>Capital Finance Managers Ruffer Total Return Ord Inc<br>156,903<br>Schroder Unit Trusts High Yield Opportunities Z Acc<br>77,959<br>Link Fund Sol Ltd Capita Trojan X Acc<br>164,237<br>Market value as at 31 December 2025<br>**399,099**<br>All fixed asset investments are listed on the UK Stock Exchange.<br>The following investments represent more than 5% of the value of the charity's total investments:<br>All fixed asset investments are listed on the UK Stock Exchange.<br>The following investments represent more than 5% of the value of the charity's total investments:|**Total**<br>**2024**<br>**£**<br>347,065<br>17,682|
|---|---|
||**364,747**|
||**335,175**|
||100,921<br>132,388<br>131,438|
||**364,747**|
||**Total**<br>**2024**<br>**£**<br>347,065<br>17,682|
||**364,747**|
||**323,739**|
||104,734<br>119,114<br>123,217|
||**347,065**|



Page 38 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**14. Analysis of Debtors**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Gift Aid tax recoverable<br>50,351<br>Prepayments<br>4,307<br>Other debtors - Tanzania expeditions<br>-<br>Other debtors<br>8,951<br>**63,609**<br>**14. Analysis of Debtors (cont'd) - Parent Charity**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Gift Aid tax recoverable<br>50,351<br>Amount owed by group undertakings<br>76,045<br>Prepayments<br>4,307<br>Other debtors - Tanzania expeditions<br>-<br>Other debtors<br>8,951<br>**139,654**<br>**15. Analysis of current labilities and long term creditors**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**Due within 1 year**<br>Trade and other creditors<br>-<br>Accruals<br>20,543<br>Deferred income<br>-<br>Taxation and social security<br>-<br>**20,543**<br>**Deferred Income**<br>**Balance at**<br>**01.01.25**<br>**£**<br>Overseas Trips<br>152,808<br>**152,808**|**14. Analysis of Debtors**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Gift Aid tax recoverable<br>50,351<br>Prepayments<br>4,307<br>Other debtors - Tanzania expeditions<br>-<br>Other debtors<br>8,951<br>**63,609**<br>**14. Analysis of Debtors (cont'd) - Parent Charity**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Gift Aid tax recoverable<br>50,351<br>Amount owed by group undertakings<br>76,045<br>Prepayments<br>4,307<br>Other debtors - Tanzania expeditions<br>-<br>Other debtors<br>8,951<br>**139,654**<br>**15. Analysis of current labilities and long term creditors**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**Due within 1 year**<br>Trade and other creditors<br>-<br>Accruals<br>20,543<br>Deferred income<br>-<br>Taxation and social security<br>-<br>**20,543**<br>**Deferred Income**<br>**Balance at**<br>**01.01.25**<br>**£**<br>Overseas Trips<br>152,808<br>**152,808**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>18,230<br>13,833<br>-|**Total**<br>**Funds**<br>**2025**<br>**£**<br>50,351<br>22,537<br>13,833<br>8,951<br>**95,672**<br>**Total**<br>**Funds**<br>**2025**<br>**£**<br>50,351<br>76,045<br>19,983<br>13,833<br>8,951<br>**169,163**<br>**Total**<br>**Funds**<br>**2025**<br>**£**<br>-<br>24,845<br>186,063<br>5,229<br>**216,137**<br>**Balance at**<br>**31.12.25**<br>**£**<br>186,063<br>**186,063**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>480<br>20,161<br>14,119<br>8,951|
|---|---|---|---|---|---|
||**63,609**|**-**|**32,063**||**43,711**|
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>15,676<br>13,833<br>-||**Total**<br>**Funds**<br>**2024**<br>**£**<br>480<br>74,953<br>18,144<br>14,119<br>8,951|
||**139,654**|**-**|**29,509**||**116,647**|
|||**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>-<br>4,302<br>186,063<br>5,229||**Restated**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>1,350<br>22,478<br>152,808<br>2,030|
||**20,543**|**-**|**195,594**||**178,666**|
||**Balance at**<br>**01.01.25**<br>**£**<br>152,808|**Received**<br>**in year**<br>**£**<br>307,919|**Released**<br>**in year**<br>**£**<br>(274,664)||**For release:**<br>**within 1 Year**<br>**£**<br>**156,742**|
||**152,808**|**307,919**|**(274,664)**||**156,742**|



Page 39 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**15. Analysis of current labilities and long term creditors (cont'd) - Parent Charity**<br>**Unrestricted**<br>**Designated**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>**Due within 1 year**<br>Trade and other creditors<br>-<br>-<br>-<br>Accruals<br>20,543<br>-<br>1,848<br>Deferred income<br>-<br>-<br>186,063<br>Taxation and social security<br>-<br>-<br>5,229<br>**20,543**<br>**-**<br>**193,140**<br>**Deferred Income**<br>**Balance at**<br>**Received**<br>**Released**<br>**01.01.25**<br>**in year**<br>**in year**<br>**£**<br>**£**<br>**£**<br>Overseas Trips<br>152,808<br>307,919<br>(274,664)<br>**152,808**<br>**307,919**<br>**(274,664)**|**15. Analysis of current labilities and long term creditors (cont'd) - Parent Charity**<br>**Unrestricted**<br>**Designated**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>**Due within 1 year**<br>Trade and other creditors<br>-<br>-<br>-<br>Accruals<br>20,543<br>-<br>1,848<br>Deferred income<br>-<br>-<br>186,063<br>Taxation and social security<br>-<br>-<br>5,229<br>**20,543**<br>**-**<br>**193,140**<br>**Deferred Income**<br>**Balance at**<br>**Received**<br>**Released**<br>**01.01.25**<br>**in year**<br>**in year**<br>**£**<br>**£**<br>**£**<br>Overseas Trips<br>152,808<br>307,919<br>(274,664)<br>**152,808**<br>**307,919**<br>**(274,664)**|**15. Analysis of current labilities and long term creditors (cont'd) - Parent Charity**<br>**Unrestricted**<br>**Designated**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>**Due within 1 year**<br>Trade and other creditors<br>-<br>-<br>-<br>Accruals<br>20,543<br>-<br>1,848<br>Deferred income<br>-<br>-<br>186,063<br>Taxation and social security<br>-<br>-<br>5,229<br>**20,543**<br>**-**<br>**193,140**<br>**Deferred Income**<br>**Balance at**<br>**Received**<br>**Released**<br>**01.01.25**<br>**in year**<br>**in year**<br>**£**<br>**£**<br>**£**<br>Overseas Trips<br>152,808<br>307,919<br>(274,664)<br>**152,808**<br>**307,919**<br>**(274,664)**|**15. Analysis of current labilities and long term creditors (cont'd) - Parent Charity**<br>**Unrestricted**<br>**Designated**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>**Due within 1 year**<br>Trade and other creditors<br>-<br>-<br>-<br>Accruals<br>20,543<br>-<br>1,848<br>Deferred income<br>-<br>-<br>186,063<br>Taxation and social security<br>-<br>-<br>5,229<br>**20,543**<br>**-**<br>**193,140**<br>**Deferred Income**<br>**Balance at**<br>**Received**<br>**Released**<br>**01.01.25**<br>**in year**<br>**in year**<br>**£**<br>**£**<br>**£**<br>Overseas Trips<br>152,808<br>307,919<br>(274,664)<br>**152,808**<br>**307,919**<br>**(274,664)**|**Total**<br>**Funds**<br>**2025**<br>**£**<br>-<br>22,391<br>186,063<br>5,229<br>**213,683**<br>**Balance at**<br>**31.12.25**<br>**£**<br>186,063<br>**186,063**|**Restated**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>1,350<br>20,274<br>152,808<br>2,030|
|---|---|---|---|---|---|
||**20,543**|**-**|**193,140**||**176,462**|
||**Balance at**<br>**01.01.25**<br>**£**<br>152,808|**Received**<br>**in year**<br>**£**<br>307,919|**Released**<br>**in year**<br>**£**<br>(274,664)||**For release:**<br>**within 1 Year**<br>**£**<br>**156,742**|
||**152,808**|**307,919**|**(274,664)**||**156,742**|



## **16. Analysis of Net Assets Among Funds** 

||||||
|---|---|---|---|---|
|**Analysis of Net Assets Among Funds**<br>Fixed Assets<br>Investments<br>Current Assets<br>Current Liabilities<br>**As at 31 December 2025**<br>Fixed Assets<br>Investments<br>Current Assets<br>Current Liabilities<br>**As at 31 December 2024**|**Unrestricted**<br>**Funds**<br>**£**<br>-<br>399,099<br>(10,146)<br>(20,543)|**Designated**<br>**Funds**<br>**£**<br>3,047,660<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>652,050<br>-<br>306,621<br>(195,594)<br>**763,077**<br>**Restricted**<br>**Funds**<br>**£**<br>675,000<br>-<br>346,425<br>(158,392)<br>**863,033**|**Total**<br>**Funds**<br>**2025**<br>**£**<br>3,699,710<br>399,099<br>296,475<br>(216,137)|
||**368,410**|**3,047,660**||**4,179,147**|
||**Unrestricted**<br>**Funds**<br>**£**<br>-<br>364,747<br>(166)<br>(20,274)|**Designated**<br>**Funds**<br>**£**<br>3,209,442<br>-<br>-<br>-||**Total**<br>**Funds**<br>**2024**<br>**£**<br>3,884,442<br>364,747<br>346,259<br>(178,666)|
||**344,307**|**3,209,442**||**4,416,782**|



Restricted Funds held as Cash at bank and in hand represent donations for specific purposes and expedition contributions from volunteers. 

Restricted Funds - When the expectation is that the funds will be used within an 18-month time horizon, these funds should be held as cash. If some or all of the funds will be held for longer than 18 months, then consideration will be given to investing some or all.  As a general rule, expedition contributions from volunteers will not be invested. 

Page 40 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**17. **|**Movement in Funds**<br>**Restricted Funds**<br>Management Admin<br>Peru Programmes<br>PMEAP<br>Tanzania Programmes<br>Fixed Asset<br>Revaluation<br>Dr Julia McLean Grant fund<br>**Unrestricted Funds**<br>General<br>Designated Funds<br>Revaluation<br>Fixed Asset<br>Total Designated Funds<br>**Total Funds as at 31.12.2025**<br>**Restricted Funds**<br>Management Admin<br>Peru Programmes<br>PMEAP<br>Tanzania Programmes<br>Fixed Asset<br>Revaluation<br>Medical Volunteer Support<br>**Unrestricted Funds**<br>General<br>Designated Funds<br>Revaluation<br>Fixed Asset<br>Total Designated Funds<br>**Total Funds as at 31.12.2024**|**As at**<br>**01.01.2025**<br>**£**<br>23,974<br>18,974<br>4,768<br>129,874<br>526,689<br>148,311<br>10,443|**Incoming**<br>**Resources**<br>**£**<br>105,595<br>157,074<br>16,734<br>172,384<br>-<br>-<br>10,022|**Outgoing**<br>**Resources**<br>**£**<br>(39,292)<br>(54,696)<br>(349,832)<br>(334,213)<br>(17,907)<br>(5,043)<br>-|**Transfers**<br>**Gains/Losses**<br>**£**<br>(90,277)<br>(121,352)<br>328,330<br>122,517<br>-<br>-<br>-<br>**239,218**<br>(204,866)<br>-<br>-<br>**-**<br>**(204,866)**<br>**34,352**<br>**Transfers**<br>**Gains/Losses**<br>**£**<br>-<br>(145,747)<br>321,999<br>(20,107)<br>164,333<br>148,311<br>-<br>**468,789**<br>(303,148)<br>-<br>352<br>**352**<br>**(302,796)**<br>**165,993**|**As at**<br>**31.12.2025**<br>-<br>-<br>-<br>90,562<br>508,782<br>143,268<br>20,465|
|---|---|---|---|---|---|---|
|||**863,033**|**461,809**|**(800,983)**||**763,077**|
|||344,307<br>403,832<br>2,805,610|294,245<br>-<br>-|(65,276)<br>(22,435)<br>(139,347)||368,410<br>381,397<br>2,666,263|
|||**3,209,442**|**-**|**(161,782)**||**3,047,660**|
||||||||
|||**3,553,749**|**294,245**|**(227,058)**||**3,416,070**|
||||||||
|||**4,416,782**|**756,054**|**(1,028,041)**||**4,179,147**|
|||**As at**<br>**01.01.2024**<br>**£**<br>-<br>-<br>-<br>266,268<br>116,937<br>-<br>-|**Incoming**<br>**Resources**<br>**£**<br>72,738<br>235,572<br>2,626<br>314,877<br>245,419<br>-<br>10,443|**Outgoing**<br>**Resources**<br>**£**<br>(48,764)<br>(70,851)<br>(319,857)<br>(431,164)<br>-<br>-<br>-||**As at**<br>**31.12.2024**<br>23,974<br>18,974<br>4,768<br>129,874<br>526,689<br>148,311<br>10,443|
|||**383,205**|**881,675**|**(870,636)**||**863,033**|
|||529,756<br>426,267<br>2,945,021|233,645<br>-<br>-|(115,946)<br>(22,435)<br>(139,763)||344,307<br>403,832<br>2,805,610|
|||**3,371,288**|**-**|**(162,198)**||**3,209,442**|
||||||||
|||**3,901,044**|**233,645**|**(278,144)**||**3,553,749**|
||||||||
|||**4,284,249**|**1,115,320**|**(1,148,780)**||**4,416,782**|



Page 41 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

## **17. Movement in Funds (cont'd)** 

## **Fund Purposes:** 

## **Restricted Funds:** 

The Management Administrative Fund comprises specific donations towards the funding of the Management and Administrative staff salaries. 

The Peru Programmes Fund comprises gifts and donations received to help finance the Trust's charitable projects in Peru including the Mental Health Project. 

The Tanzania Programmes Fund comprises gifts and donations received to help finance the Trust's charitable projects in Tanzania, including construction projects, medical programmes and vessels. 

The Restricted Assets Fund represents the net book value of the charity's fixed assets which would not be readily convertible into cash. 

The Dr Julia McLean Grant Fund represents funds received to support medical volunteers who are interested in going on a trip but can’t raise the full amount. 

## **Unrestricted Funds:** 

The General Fund encompasses all income and expenditure relating to the primary focus activities of the charity, other than PMEAP is the subsidiary of the Trust. 

Including the Revaluation Reserve, the Designated Assets Fund represents the net book value of the charity's fixed assets which would not be readily convertible into cash. 

|**18. Fund Transfers**<br>1 - From General to Management<br>2 - From General to Tanzania Programmes<br>3 - From General to Peru Programmes<br>3 - From PMEAP to Peru Programmes<br>3 - To Peru Programmes from PMEAP<br>4 - From Management to General<br>5 - From PMEAP to General|**Unrestricted**<br>**Funds**<br>**£**<br>(3,315)<br>(122,517)<br>(212,867)<br>-<br>-<br>93,592<br>5,889|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Restricted**<br>**Funds**<br>**£**<br>3,315<br>122,517<br>212,867<br>(334,219)<br>334,219<br>(93,592)<br>(5,889)<br>**239,218**|**Total**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>(334,219)<br>334,219<br>-<br>-|
|---|---|---|---|---|
||**(239,218)**|**-**||**-**|



Transfer Reference 1 - this relates to bank transfers between funds. Transfer Reference 2 - this transfer is to cover the deficit in the Tanzania Programmes as at 31 December 2025. Transfer Reference 3 - this transfer is to cover the deficit in the Peru Programmes as at 31 December 2025. Transfer Reference 4 - this relates to the closure of a restricted fund which has been transferred to the general fund. Transfer Reference 5 - this relates to the transfer of surplus funds to the general fund. 

Page 42 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

|**19. Grants paid**<br>**Institutions**<br>African Inland Church of Tanzania (Kazunzu)<br>Tanzania Women Research Foundation (TAWREF)<br>Total donations and gifts<br>**Grants paid - Parent Charity**<br>**Institutions**<br>PMEAP<br>African Inland Church of Tanzania (Kazunzu)<br>Tanzania Women Research Foundation (TAWREF)<br>Total donations and gifts|**Total**<br>**2025**<br>**£**<br>29,214<br>17,343<br>**46,557**<br>**Total**<br>**2025**<br>**£**<br>334,219<br>29,214<br>17,343<br>**380,776**|**Total**<br>**2024**<br>**£**<br>13,236<br>27,318|
|---|---|---|
|||**40,554**|
|||**Total**<br>**2024**<br>**£**<br>321,999<br>13,236<br>27,318|
|||**362,553**|



## **20. Subsidiary Company Results - PMEAP** 

PMEAP, an entity registered in Peru, is a wholly owned subsidiary of the Vine Trust. The operations of the Amazon Hope Medical Programme were transferred to PMEAP on 1 January 2016. The subsidiary's results for the year are set out below: 

|Income<br>Expenses<br>(Deficit)/Surplus for the year<br>**Assets and Liabilies**<br>Current Assets<br>Current Liabilities<br>**Capital and Reserves**<br>Reserves|**Total**<br>**2025**<br>**£**<br>350,953<br>(347,185)<br>**3,768**<br>33,936<br>(78,499)<br>**(44,563)**<br>(46,685)<br>**(46,685)**|**Total**<br>**2024**<br>**£**<br>396,426<br>(429,082)|
|---|---|---|
|||**(32,656)**|
|||31,472<br>(77,157)|
|||**(45,685)**|
|||(50,453)|
|||**(50,453)**|



The parent charity has confirmed it's support to the subsidiary company, by ensuring that the subsidiary company has sufficient working capital to continue operations for the forseeable future. 

Page 43 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Notes to the Financial Statements for the year ended 31 December 2025** 

## **21. Commitment under Operating Leases** 

|Operating leases expire within one year<br>Operating leases expire within two to five years|**Total**<br>**2025**<br>**£**<br>-<br>4,922|**Total**<br>**2024**<br>**£**<br>2,100<br>-|
|---|---|---|



At 31 December 2025 the company had commitments under operating leases as set out above. 

## **22. FRC Ethical Standard - Provisions available for small entities** 

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. 

## **24. Contingent Asset** 

As at 31 December 2025 the charity had been notified of a 10% share of a residuary legacy, the value of which is uncertain as the executor is awaiting confirmation of the value of the estate. Consequently, it is impracticable to measure or estimate the fair value of the legacy reliably at the reporting date. No income has been recognised in these financial statements. The asset will be recognised in the Statement of Financial Activities once its final value can be determined with sufficient reliability. 

Page 44 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Consolidated Statement of Financial Activities for the year ended 31 December 2024** 

## **(Incorporating Income and Expenditure Account)** 

|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Income**<br>Donations and Legacies<br>**3**<br>215,406<br>Charitable Activities<br>**4**<br>-<br>Other Trading Activities<br>**5**<br>9,497<br>Investments<br>**6**<br>8,742<br>**Total Income**<br>**233,645**<br>**Expenditure**<br>Raising Funds<br>**7**<br>16,103<br>Charitable Activities<br>**7**<br>100,436<br>Other<br>-<br>**Total Expenditure**<br>**116,539**<br>117,106<br>**Transfers between funds**<br>**17**<br>(320,830)<br>(203,724)<br>-<br>17,682<br>593<br>**Net Movement in Funds**<br>(185,449)<br>**Reconciliation of Funds**<br>**Total Funds Brought Forward**<br>529,756<br>**Total Funds Carried Forward**<br>**16**<br>**344,307**<br>**Losses on foreign currency exchange**<br>**Net income/(expenditure) before**<br>**gains/(losses) on investments**<br>**Gains/(losses) on revaluation of fixed**<br>**assets**<br>**Gains/(losses) on investment assets**|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Income**<br>Donations and Legacies<br>**3**<br>215,406<br>Charitable Activities<br>**4**<br>-<br>Other Trading Activities<br>**5**<br>9,497<br>Investments<br>**6**<br>8,742<br>**Total Income**<br>**233,645**<br>**Expenditure**<br>Raising Funds<br>**7**<br>16,103<br>Charitable Activities<br>**7**<br>100,436<br>Other<br>-<br>**Total Expenditure**<br>**116,539**<br>117,106<br>**Transfers between funds**<br>**17**<br>(320,830)<br>(203,724)<br>-<br>17,682<br>593<br>**Net Movement in Funds**<br>(185,449)<br>**Reconciliation of Funds**<br>**Total Funds Brought Forward**<br>529,756<br>**Total Funds Carried Forward**<br>**16**<br>**344,307**<br>**Losses on foreign currency exchange**<br>**Net income/(expenditure) before**<br>**gains/(losses) on investments**<br>**Gains/(losses) on revaluation of fixed**<br>**assets**<br>**Gains/(losses) on investment assets**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Total**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**2024**<br>**£**<br>**£**<br>593,625<br>809,031<br>287,627<br>287,627<br>407<br>9,904<br>16<br>8,758<br>**881,675**<br>**1,115,320**<br>1,058<br>17,161<br>861,045<br>1,123,679<br>-<br>-<br>**862,103**<br>**1,140,840**<br>19,572<br>(25,520)<br>320,478<br>-<br>340,050<br>(25,520)<br>148,311<br>148,311<br>-<br>17,682<br>(8,533)<br>(7,940)<br>479,828<br>132,533<br>383,205<br>4,284,249<br>**863,033**<br>**4,416,782**|
|---|---|---|---|
||**233,645**|**-**||
||16,103<br>100,436<br>-|-<br>162,198<br>-||
||**116,539**|**162,198**||
||117,106<br>(320,830)|(162,198)<br>352||
||(203,724)<br>-<br>17,682<br>593|(161,846)<br>-<br>-<br>-||
||(185,449)<br>529,756|(161,846)<br>3,371,288||
||**344,307**|**3,209,442**||



All activities are classed as continuing. 

Page 45 



Docusign Envelope ID: D2DFBE09-04C9-87F6-829D-05B1C1CE9D70 

## **The Vine Trust** 

## **Parent - Statement of Financial Activities for the year ended 31 December 2024** 

## **(Incorporating Income and Expenditure Account)** 

|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Income**<br>Donations and Legacies<br>**3**<br>215,406<br>Charitable Activities<br>**4**<br>-<br>Other Trading Activities<br>**5**<br>9,497<br>Investments<br>**6**<br>8,742<br>**Total Income**<br>**233,645**<br>**Expenditure**<br>Raising Funds<br>**7**<br>16,103<br>Charitable Activities<br>**7**<br>100,436<br>**Total Expenditure**<br>**116,539**<br>117,106<br>**Transfers between funds**<br>(184,428)<br>(67,322)<br>-<br>17,682<br>593<br>**Net Movement in Funds**<br>(49,047)<br>**Reconciliation of Funds**<br>**Total Funds Brought Forward**<br>443,809<br>**Total Funds Carried Forward**<br>**394,762**<br>**Losses on foreign currency exchange**<br>**Net income/(expenditure) before**<br>**gains/(losses) on investments**<br>**Gains/(losses) on revaluation of fixed**<br>**assets**<br>**Gains/(losses) on investment assets**|**Note Unrestricted**<br>**Funds**<br>**£**<br>**Income**<br>Donations and Legacies<br>**3**<br>215,406<br>Charitable Activities<br>**4**<br>-<br>Other Trading Activities<br>**5**<br>9,497<br>Investments<br>**6**<br>8,742<br>**Total Income**<br>**233,645**<br>**Expenditure**<br>Raising Funds<br>**7**<br>16,103<br>Charitable Activities<br>**7**<br>100,436<br>**Total Expenditure**<br>**116,539**<br>117,106<br>**Transfers between funds**<br>(184,428)<br>(67,322)<br>-<br>17,682<br>593<br>**Net Movement in Funds**<br>(49,047)<br>**Reconciliation of Funds**<br>**Total Funds Brought Forward**<br>443,809<br>**Total Funds Carried Forward**<br>**394,762**<br>**Losses on foreign currency exchange**<br>**Net income/(expenditure) before**<br>**gains/(losses) on investments**<br>**Gains/(losses) on revaluation of fixed**<br>**assets**<br>**Gains/(losses) on investment assets**|**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Total**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**2024**<br>**£**<br>**£**<br>591,422<br>806,828<br>287,627<br>287,627<br>-<br>9,497<br>-<br>8,742<br>**879,049**<br>**1,112,694**<br>-<br>16,103<br>872,778<br>1,135,412<br>**872,778**<br>**1,151,515**<br>6,271<br>(38,821)<br>184,076<br>-<br>190,347<br>(38,821)<br>148,311<br>148,311<br>-<br>17,682<br>-<br>593<br>338,658<br>127,765<br>519,609<br>4,334,706<br>**858,267**<br>**4,462,471**|
|---|---|---|---|
||**233,645**|**-**||
||16,103<br>100,436|-<br>162,198||
||**116,539**|**162,198**||
||117,106<br>(184,428)|(162,198)<br>352||
||(67,322)<br>-<br>17,682<br>593|(161,846)<br>-<br>-<br>-||
||(49,047)<br>443,809|(161,846)<br>3,371,288||
||**394,762**|**3,209,442**||



All activities are classed as continuing. 

Page 46