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# NEW WINE NATION CIC

## Company limited by guarantee

## Company Registration Number:
15719675 (England and Wales)

## Unaudited statutory accounts for the year ended 31 May 2025

## Period of accounts

## Start date: 14 May 2024

## End date: 31 May 2025

# NEW WINE NATION CIC

## Contents of the Financial Statements

for the Period Ended 31 May 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Community Interest Report |

# NEW WINE NATION CIC

Directors' report period ended 31 May 2025

The directors present their report with the financial statements of the company for the period ended 31 May 2025

Principal activities of the company

The principal activity of New Wine Nation CIC is the delivery of youth-led community development initiatives focused on social transformation, leadership development, employability skills, entrepreneurship, and civic participation within Greater Manchester. During the year, the Company operated from its Community Collaboration Centre in Salford, providing structured programmes, mentoring, creative enterprise incubation, media engagement opportunities, and partnership-led interventions designed to reduce social exclusion and improve life outcomes for young people. The Company continues to operate as a Community Interest Company limited by guarantee.

Directors

The directors shown below have held office during the whole of the period from
14 May 2024 to 31 May 2025

Ashiru Abidemi
Ehizogie Odigie
Oluwafemi Falade

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 February 2026

And signed on behalf of the board by:
Name: Ashiru Abidemi
Status: Director

# NEW WINE NATION CIC

## Profit And Loss Account

for the Period Ended 31 May 2025

| 13 months to 31 May 2025
--- | ---
| £
Turnover: | 376 |
Cost of sales: | 0 |
Gross profit(or loss): | 376
Distribution costs: | ( 23 ) |
Administrative expenses: | ( 165 ) |
Other operating income: | 0 |
Operating profit(or loss): | 188
Interest receivable and similar income: | 0 |
Interest payable and similar charges: | ( 13 ) |
Profit(or loss) before tax: | 175
Tax: | 0 |
Profit(or loss) for the financial year: | 175

# NEW WINE NATION CIC

## Balance sheet

As at 31 May 2025

| Notes | 13 months to 31 May 2025
--- | --- | ---
|  | £
Fixed assets
Intangible assets: |  | 0 |
Tangible assets: |  | 0 |
Investments: |  | 0 |
Total fixed assets: |  | 0
Current assets
Stocks: |  | 0 |
Debtors: |  | 0 |
Cash at bank and in hand: |  | 175 |
Investments: |  | 0 |
Total current assets: |  | 175
Prepayments and accrued income: |  | 0 |
Creditors: amounts falling due within one year: |  | 0 |
Net current assets (liabilities): |  | 175
Total assets less current liabilities: |  | 175
Creditors: amounts falling due after more than one year: |  | 0 |
Provision for liabilities: |  | 0 |
Accruals and deferred income: |  | 0 |
Total net assets (liabilities): |  | 175
Members' funds
Profit and loss account: |  | 175 |
Total members' funds: |  | 175

The notes form part of these financial statements

# NEW WINE NATION CIC

## Balance sheet statements

For the year ending 31 May 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 February 2026
and signed on behalf of the board by:

Name: Ashiru Abidemi
Status: Director

The notes form part of these financial statements

# NEW WINE NATION CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Note 1: Accounting Policies Turnover / Revenue Recognition 1.1 Basis of Recognition Turnover is recognised principally from two sources: donation income and trading income. Turnover is measured at the fair value of the consideration received or receivable, net of returns, Value Added Tax (VAT), and trade discounts. 1.2 Donation Income Donation income is credited to the Statement of Income and Expenditure in the period in which the bank account receives the funds. Policy Justification: Due to the nature of small donations, there are no performance-related conditions attached. Income is recognised immediately upon receipt of cash. 1.3 Trading Income (Sale of Goods/Services) Turnover from trading activities, such as receipts processed through payment service providers, represents the value of goods shipped and services provided during the period. Revenue is recognised at the point of transfer of risk and reward (i.e., when the goods are delivered or the service is performed), not necessarily when the cash is settled into the bank account. Policy Note: Where settlement fees are charged by providers (such as transaction fees), turnover is recorded net of these costs, or the fees are classified separately as administrative expenses. 1.4 Donations from Members Donations received from individuals and gifts identified as Members or Directors are reviewed on a case-by-case basis. Where the donation is deemed to be capital in nature (a gift to support the company), it is treated as income and recognised in the period. If the donation represents a loan or introduction of capital to be repaid, it is classified as a liability (Directors' Loan Account) within Members' Funds.

# NEW WINE NATION CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 2. Employees

  | 13 months to 31 May 2025
  --- | ---
  Average number of employees during the period | 0 |

# COMMUNITY INTEREST ANNUAL REPORT

### NEW WINE NATION CIC

### Company Number: 15719675 (England and Wales)

### Year Ending: 31 May 2025

Company activities and impact

The principal activity of New Wine Nation CIC is the delivery of youth-led community development initiatives focused on social transformation, leadership development, employability skills, entrepreneurship, and civic participation within Greater Manchester. During the year, the Company operated from its Community Collaboration Centre in Salford, providing structured programmes, mentoring, creative enterprise incubation, media engagement opportunities, and partnership-led interventions designed to reduce social exclusion and improve life outcomes for young people. The Company continues to operate as a Community Interest Company limited by guarantee.

Consultation with stakeholders

The company’s key stakeholders include young people aged 16–24, community partners, educators, and organisations working to support youth development. As part of the planning process for our youth engagement initiatives, the organisation conducted consultations with young people to better understand the challenges they face in accessing education, employment, and training opportunities. To inform the design of a targeted support programme, we carried out a structured survey using Google Forms. The survey was distributed to young people within our community networks and partner organisations, focusing particularly on those who are not currently in education, employment, or training (NEET). Participation in the survey was voluntary, and all respondents provided informed data consent before submitting their responses. The survey collected information about participants’ educational background, employment status, career interests, perceived barriers to opportunity, and the types of support they would find most beneficial. The insights gathered helped the organisation identify common challenges such as limited access to career guidance, skills development opportunities, and mentorship. This consultation process enabled the organisation to design a programme tailored to the needs of young people aged 16–24, focusing on mentorship, employability skills, training pathways, and community engagement. Feedback from the survey continues to inform programme development and helps ensure that our initiatives remain responsive to the needs of the young people we aim to support.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 February 2026

And signed on behalf of the board by:
Name: Ashiru Abidemi
Status: Director