NEW WINE TRUST
Financial health, per its FY2022 accounts
The accounts state that the charity realized a net surplus of £219,665 for the year ended 31 December 2022, following a deficit in the previous year. The trustees report that the group maintains a sound financial position with cash reserves considered adequate for overall operations, although they note that lower-than-expected delegate numbers and venue changes strained finances. The charity has initiated a restructuring programme and a major fundraising exercise to secure future sustainability.
What the accounts disclose
“There was only one employee whose emoluments (gross pay excluding pension and national insurance) was over £60,000 (2021: one); in 2022 their emoluments fell in the band £110,000 to £120,000 due to termination and ex-gratia payments payable from the restructure exercise.” — page 39
“There was only one employee whose emoluments (gross pay excluding pension and national insurance) was over £60,000” — page 39
“They have formally adopted a policy to retain funds at a level that is sufficient to ensure that the charity’s financial commitments in promoting forthcoming conferences and events are fully covered at all times, together with a minimum of 3 months’ general office running costs.”
“During the year, royalty payments of £13 were payable to Rev J and Mrs Coles (2021: £15) in connection with books authored by them and sold via the trading company.” — page 45
“In 2022 expenditure with FreelyGive Ltd was £33,840 (2021: £45,840)” — page 45
“During the year, royalty payments of £13 were payable to Rev J and Mrs Coles (2021: £15) in connection with books authored by them and sold via the trading company.” — page 45
“In 2022 expenditure with FreelyGive Ltd was £33,840 (2021: £45,840)” — page 45
“During the year, royalty payments of £13 were payable to Rev J and Mrs Coles (2021: £15) in connection with books authored by them and sold via the trading company.” — page 45
“In 2022 expenditure with FreelyGive Ltd was £33,840 (2021: £45,840)” — page 45
“The group results combine the results of the charitable company with the results of New Wine Resources Limited, a wholly owned subsidiary, which runs the trading activities of the trust.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Rev Paul Langhamchair
- Andrew Chamberlain
- Cheryl Jenkinson
- Mark Adderley
- Mark Binney
- Sarah Louise McHardie
- William Christopher Ottewell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.0m | £4.4m |
| 31/12/2023 | £3.6m | £3.6m |
| 31/12/2022 | £4.5m | £4.2m |
| 31/12/2021 | £1.1m | £1.7m |
| 31/12/2020 | £2.0m | £2.1m |
Common questions
Is NEW WINE TRUST financially healthy?
The accounts state that the charity realized a net surplus of £219,665 for the year ended 31 December 2022, following a deficit in the previous year. The trustees report that the group maintains a sound financial position with cash reserves considered adequate for overall operations, although they note that lower-than-expected delegate numbers and venue changes strained finances. The charity has initiated a restructuring programme and a major fundraising exercise to secure future sustainability. Its FY2022 accounts were audited by Buzzacott LLP.
What does the highest-paid employee of NEW WINE TRUST earn?
Per its FY2022 accounts, the highest-paid employee was in the £110,000 - £120,000 band, and 1 employees earned over £60,000.
Who funds NEW WINE TRUST?
Funders whose own accounts filings name NEW WINE TRUST as a grant recipient include THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BARNABAS WOODSIDE PARK, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, RUDGWICK, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY WITH SAINT PAUL ONSLOW SQUARE AND SAINT AUGUSTINE SOUTH KENSINGTON, THE GRANT FOUNDATION, NEW LIFE CHURCH BRISTOL.
Known funders
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| TAGMARSH CHARITY LIMITED | 1 | £455k |
| FRIENDS OF WIZNITZ LIMITED | 1 | £350k |
| BEROSA CHARITY LIMITED | 1 | £50k |
| CBRE UK CHARITABLE TRUST | 1 | £750 |