NEW WINE INTERNATIONAL

Charity Number: 1085052
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Advancement of Christian faith, relief of poverty, education and the fulfilment of various charitable causes.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£1,500,262

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Donations and legacies £1.44m
Charitable activities £34.76k
Other trading activities £974
Investments £19.24k
Other £3.12k

Total expenditure:
£1,959,066

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Raising funds £4.18k
Charitable activities £1.86m
Other £99.82k

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £104.00k
Charitable expenditure £1.86m

People

19 Employee(s)

5 Trustee(s)

350 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Religious Activities
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Canada
  • India
  • Luxembourg
  • Nigeria
  • United States

Governance

Registration history:
  • 16 February 2001: Standard registration
Organisation type:
Charitable company
Other names:
  • NEW WINE CHURCH (Working name)
Company number:
04112629 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Ofsted (Office For Standards In Education)
Policies:
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

5 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
PHILIP OLUSEGUN ADEYI Chair
None on record
Olutoyin Oludamilola Akinyemi Trustee 03 March 2023
None on record
Akinlaja Emmanuel Odidi Trustee 03 March 2023
None on record
babajide olaleye Trustee
TAYO ADEYEMI FOUNDATION
Received: On time
ELIZABETH ADEJOKE OLUSOLA ADEYEMI Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £1.69m £1.73m £2.24m £1.52m £1.50m
Total expenditure £2.38m £1.72m £1.86m £1.88m £1.96m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A £160.06k N/A N/A
Income - Donations and legacies £1.61m £1.66m £1.55m £1.49m £1.44m
Income - Other trading activities £16.16k £240 £2.39k £0 £974
Income - Charitable activities £14.01k £1.25k £589 £0 £34.76k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £55.97k £72.99k £34.23k £19.97k £19.24k
Income - Other £0 £0 £653.66k £9.07k £3.12k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £2.31m £1.66m £1.79m £1.81m £1.86m
Expenditure - Raising funds £14.23k £6.67k £4.09k £66.55k £4.18k
Expenditure - Governance £60.44k £43.42k £66.71k £0 £55.44k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £62.97k £0
Expenditure - Other £49.77k £46.40k £66.78k £0 £99.82k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £7.26m £7.53m £5.89m £81.70k £93.87k
Long-term investments £0 £300 £300 £5.74m £5.61m
Other assets £1.31m £846.22k £2.60m £786.65k £601.47k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £2.54m £2.32m £2.06m £534.46k £682.50k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 23 October 2024 On Time
Accounts and TAR 31 December 2023 23 October 2024 On Time Download Open in new window
Annual return 31 December 2022 31 October 2023 On Time
Accounts and TAR 31 December 2022 31 October 2023 On Time Download Open in new window
Annual return 31 December 2021 26 October 2022 On Time
Accounts and TAR 31 December 2021 26 October 2022 On Time Download Open in new window
Annual return 31 December 2020 10 October 2021 On Time
Accounts and TAR 31 December 2020 10 October 2021 On Time Download Open in new window
Annual return 31 December 2019 29 October 2020 On Time
Accounts and TAR 31 December 2019 29 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED ON 22ND NOVEMBER 2000 AS AMENDED BY SPECIAL RESOLUTION DATED 23 SEPTEMBER 2008.

Charitable objects

A) TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS APPEARING IN THE SCHEDULE HERETO IN THE LONDON BOROUGH OF GREENWICH AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT AND OTHER SUCH PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF NEW WINE INTERNATIONAL B) TO RELIEVE PERSONS WHO ARE IN CONDITION OF NEED OR HARDSHIP OR WHO ARE AGED OR SICK AND TO RELIEVE THE DISTRESS CAUSED THEREBY IN THE SAID LONDON BOROUGH OF GREENWICH AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT C) TO ADVANCE EDUCATION IN ACCORDANCE WITH CHRISTIAN PRINCIPLES IN THE SAID LONDON BOROUGH OF GREENWICH AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT D) TO PROMOTE AND FULFIL SUCH OTHER CHARITABLE PURPOSES BENEFICIAL TO THE COMMUNITY, PARTICULARLY YOUNG PEOPLE IN THE COMMUNITY IN THE SAID BOROUGH OF GREENWICH AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT

Area of benefit

The area the charity can operate in, as set out in its governing document.

GREENWICH UNITED KINGDOM AND WORLDWIDE

Contact information

Address:
NEW WINE CHURCH
GATEWAY HOUSE
JOHN WILSON STREET
LONDON
SE18 6QQ
Phone:
02088555888
Email:
church@newwine.co.uk
Website:

www.newwine.co.uk Open in new window