2024-03-31-accounts

Nova Company number. Oa83132 Charity number'.1143640 BUILDINGAVIBRANTVCSE SECTOR IN OUR DISTRICT ANNUAL REPORT & ACCOUNTS 2023124 I Ifu•4

TABLE OF CONTENTS Our year at a glance Chair's foreword Annual report Independent auditor's report 20 Financial statements 25 You may prefer to read the report from start to finish, but if you'd rather start with the sections that interest you mos¢ we have included easy navigation buttons on each page.

Reference and administrative information for the year ended 31 March 2024 Trustees Key Management Personnel Bankers Trustees, who ore olso directors under compony low, who served during the year and up to the dote of this report were os follows Chalr Christine Bann Unity Trust Bank Brindley Place, Birmingham, Bl 2JB Chief Executive Officer Maddy Sutcliff e Auditors Slade & Cooper Limited Beehive Nlill, Jersey Street, Ancoats, Manchester, M4 6JG Operations Manager Natalie Jones Vice-chair, Treasurer Simon Topham Antony Nelson Hayley Grocock Janet Archbold Investment Managers Flagstone Investment Management 1st Floor, Clareville House, 26-27 Oxendon Street, London, SWIY 4EL Contracts and Grants Manager Scott Copeland Community and Enterprise Development Manager Julie Baker Lee Wood Compuny rogistration number 07183132 Lucy Ndlovu Mohammed Ayub Peter Taylor Samantha Heathcote Registered charity number 1143640 Registered offlce and operational address 11 Upper York Street, Wakefield, West Yorkshire, WFI 3LQ Usman Ali Emily Castle - resigned 6 December 2023 Our year at a glance Choir's foreword Annual report Financial stotements Page13

OurYearAtAGlance "A clear voice and champion for the sector ' 20 Involvement with Nova has supported VCSE ADVOCATES AT YEAR END supported to provide a voice for the sector MEMBERS AT YEAR END oooo 18.841 of members to grow and develop users on website finding information and resources Top 3 pages were Nova homepage VCSE Jobs Funding Opportunities colculot8d from thoso thoi completed our onnuol survgy Members gain'support. guidance and a feeling of being valued and listened to" VCSE ORGANISATIONS received support from our team this year with £704.972 . 82% of Nova tunding 13 /• increase Framework which. together with additional funding, allocated £898.660 to the local VCSE sector in newsletter subscribers distributed by Nova to the VCSE sector through contracts & grants Our yaar at a glanca Chair's foreword Annual report Financial statements Page14

From The Chair 2023-24 was another yeor of success for Nova. embed the VCSE sector within In January of this year, our Business Plan for the next three years was published. This was a significant development that helped to identify the best way to support our members with the resources we hove, as we work towards our vision of a vibrant Voluntary, Community and Social Enterprise (VCSE) sector in Wakefield District. Nova worked collaboratively with both member organisations and stokeholders from across the district to inform the plan, and gove considerable time to develop our new strotegic oims. statutory structures, supporting the development and sustainability of the locol VCSE sector. This is a pioneering piece of work and I thank everyone who gave their time to make this happen. Similarly, Nova's partnership approach to funding the VCSE sector, the Third Sector Framework, has continued to develop and welcomed its lOOth member. -The economic envAronment is very chollenging, but we are confident thot we con continue to offer value for money across Wakefield District, and can be both proactive and responsive in supporting [VCSE] organisations to deliver and develop.~ I would like to say an enormous thank you to Nova's CEO, Maddy Sutcliffe, and her passionate and hard-working team. None of the achievements above (and many others) would have been possible without their incredible dedication to Nova, its members and the VCSE sector in Wakefield District. Some notable successes from this year include the development and launch of Wakefield District's VCSE Collaborative, formerly the Third Sector Strategy Group. This strategic group brings together senior leaders from across sectors and demonstrates an ongoing commitment to Chris Bann, Nova Chair Chair's foreword Our year at a glance Annual report Financial statements Page15

Annual report The trustees, who are also directors for the purposes of compony law, are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2024. the company being wound up is limited to a sum not exceeding £1. Objectives and activities Nova's charitable objectives are.. Reference and administrative information set out on page 3 forms part of this report. To promote ony choritable purposes for the benefit of the public, principally but not exclusively in the government area of Wakefield District and its environs (hereinafter called the 'area of benefit,) and, in particular, to build the capacity of Voluntary, Community and Social Enterprise (VCSE) sector organisations and provide them with the necessary support, information and services to enable them to pursue or contribute to any charitable purpose. The financial statements comply with current statutory requirements, the memorandum ond orticles of ossociotion and the Statement of Recommended Practice - Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102. structure, governance and management The charity is a company limited by guarantee and was incorporated on 9 March 2010. It is governed by a memorandum and articles of association as amended by special resolution on 8 August 2011 and 12 July 2013 and 12 September 2018. The liability of the trustees in the event of To promote, organise and facilitate co-operation and partnership working between VCSE, statutory and relevant bodies in the achievement of the above purposes within the area of benefit. Our year at a glance Chair's foreword Annual report Financial statements Page16

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of eoch key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes. Achievements towards our strategic priorities Wakefield is the 54th most deprived district in Englond out of 317, with16Yo of the district's population living in neighbourhoods amongst the top 10/0 most deprived in England. Therefore, the VCSE sector plays a vital role in supporting the health and wellbeing of local people, working in partnership to develop and offer the best solutions to meet community needs. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the chority's aims ond objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. As the locol infrostructure charity, our vision is to support the VCSE sector and our members so that we can build and sustain a vibrant voluntory, community& social enterprise sector in our district. Our strategic priorities reflect three key f unctions of infrastructure, informing our work throughout the year as we developed and implemented our new Business Plan for 2023-26. The charity's main activities and who it tries to help are described below. All its charitable activities focus on the development of Wakefield District's VCSE sector and are undertaken to further Novo Wakefield District Limited's Our achievements and performance towards these priorities is set out under the headings below. charitable purposes for the public benefit. Our year at a glance Chair's foreword Annual report Finonciol stotements Page17

Support our members to develop based on local. diverse population needs of Nova's offer, with the website viewed 84,350 times in this year and a 13/0 increase in newsletter subscribers. We continued to prioritise member development, holding 10 workshops that helped 138 members and partners to improve their understanding and skills on a variety of topics from communications to how to hove great meetings. Having responsive and accessible infrastructure support is essential to the sustainability of VCSE organisations. Nova Members faced a challenging environment, with a cost of living crisis that has increased the level of support residents need and limited the resources of members to meet those Nova continued development of VCSE Voices, an innovative project ensuring our sector is heard and valued. By March 2024, Nova had recruited and supported over 20 Advocates to attend decision-making meetings across the district where they could understand strategic direction and the role of the VCSE sector in that. needs. Our work focused on equipping members with the knowledge, skills and connections needed at this time. Our support for members included: We continued to facilitate spaces that offer greater connection and coordination of VCSE activity, with four regular networks aimed at different audiences.. Community Anchors,. Volunteer Managers; VCSE Advocates; and a networking space for any VCSE colleagues. Nova also started to offer bookable advice sessions, hosted at community venues around the district, so that we could reach a wider range of members. Universal= monthly newsletters and exclusive resources speciallst.. workshops and peer support sessions Enhanced: intensive support from an Adviser This work was made more efficient by the development of a new CRM system that centralised case management, grant administration, event bookings and mailings. This required a review of these processes which were than refined. Nova worked towards this priority by engaging regularly with our membership, sharing information as a "super connector" between different sectors. Members reported that our newsletter and website were the most helpful part Nova is committed to ensuring it addresses inequalities in provision across Wakefield District by supporting the distribution of sewices and finding the most effective and useful ways to support Nova members. Our year at a glance Chair's foreword Annual report Financial statements Page18

Case Study= Thinking Differently Fund Thinking Differently is tackling short-term. project focused funding that often makes is difficult for smaller VCSE orgonisotions to grow. The fund was designed by and for the VCSE sector and funded by the Wakefield Mental Health Alliance. It creoted o fantastic opportunity for five orgonisotions to start a development journey. Tailored development support from Nova and flexible grant funding has enabled the organisations to work towards their goals, become more sustainable, and align to the evolving local community mental health offer. In over o year, eoch orgonisation hos made significant progress, including.. Securing office space A community consultation that has led to key changes Admin off icer employed to support financial tracking Increasing demographic reach Nova's role in brokering this funding and the continuing support given to each organisation during the funding is key to its success. Figure l above.. Two people presenting at a Thinking Differently Development Fund peer meeting. Our year at a glance Chair's foreword Annual report Financial statements Page19

Nova championed and supported with the creation of Wakefield District VCSE Collaborative, a strategic group that brings together senior leaders across the VCSE and stotutory sectors, to work towords our common gools of supporting local people. The Collaborative has various functions, including the development and implementation of a new VCSE strategy for Wakefield District with mutual ambition and accountabilityfrom all partners. Develop and strengthen community partnerships Nova is seen as a trusted organisation by both statutory partners and m8mb8rs and is recognised as being effectlve In lacllltatlng partnershlp worklng between them. These partnerships have helped to: This year also renewed resource for Wakefield Districvs Community Anchor Network, with a dedicated Nova Adviser supporting locol onchor organisations with business development information sharing and collaboration. This saw the expansion of safe banking and credit services into the district with seven outreach branches of Leeds Credit Union operating at Community Anchors. Cement the role and influence of the VCSE sector Showcose the expertise of our members Provide greater resilience to local organisations At the strategic level, the VCSE Voices project continued to develop partnership working by representing the voice of the sector at decision-making boards. Nova mapped over 60 of these boards, and recruited experienced VCSE Advocates for boards within the Health and Care Partnership and Local Authority, supporting our sector to be a more integrated part of the health and care system. Nov This work improved Nova's capacity to ensure local policies and practice take into account the views, needs and assets of the sector. Nova was a two-way linl sharing information back to members through open Network Meetings and Roundup mailing read over1,500 times. Figure 2. VCSE Advocate presenting ot Novo s AGM about her experience with th8 VCSE Voices project. Our year at a glance Chair's foreword Annual report Financial statements Page 110

Case Study: Blood Pressure Champions A pilot scheme launchedin WakefieldDistnct to set up a network ofBlood Pressure Wellbeing Champions. 4*) Localised data identified that there are lots of people who are unaware of their blood pressure and could benefit from having it checked. Wakefield Council and West Yorkshire Integrated Care Board launched an initiative to help identify people with high blood pressure, which puts them ot increased risk of heart diseose, strokes and premature death. Nova identified a partnership opportunity for the Community Anchor Network and worked towards securing funding through West Yorkshire Power of Communities to promote awareness of cardiovascular disease in the community, through Blood Pressure Champions. A community anchor and Nova Member, St George's Lupset, took up the contract. Volunteers went on to learn how to take blood pressure at st George's and offer checks to people who visit and use their services across the district. This initiative has successfully demonstrated that VCSE organisations continue to be an integral F)art of the system to reduce health inequalities and empower residents in finding the support they need. Nova will continue to develop cross-sector partnerships that showcase the strengths of the VCSE sector. Figure 3 above. Colleogues stood together to celebrote the Blood Pressure Chompions work. Our year at a glance Chair's foreword Annual report Financial statements Page | 11

Secure funding for the VCSE sector £320,000 of which was funded directly to VCSE organisations by Third Sector Framework partners c.) Nova and Prosper Wakefield District, a local grant making organisation, continued to develop their strong partnership, leading to a shared grants round with one refined opplication process for VCSE organisations. £230,000 was awarded to19 organisations for much-needed core funding. The access to and fair distribution of resources is vital to the sustainability of VCSE organisations and is core to Nova's purpose. We continued this work by bidding for, negotiating and coordinating various funding opportunities for members. Nova distributed £704,972 to 47 organisations through contracts and grants. Additionally, we continued to arrange meetings of Wakefield District's Funders Forum which is a strategic group that brings together local and national funders and, more recently, local commissioners. It has proved valuable in encouraging grant mokers to consider funding opportunities across Wakefield District. Nova continued to be instrumental in the facilitation and administration of Wakefield District's Third Sector Frameworl a fair, open and transparent way of allocating funding to locally rooted VCSE organisations. This is a partnership approach between Wakefield Council, Wakefield District Health & Care Partnership, Young Lives Consortium and Novo. We coordinoted the creation of o strategic development plan and significant changes to governance, transferring oversight to the Wakefield District VCSE Collaborative. 111!iJ' Nova administered a total of £898,660 through the Third Sector Framework during the financial year of 2023-24, Figure 4" Colleagues meeting for Wakefield DIs￿t Funders Forum. Our year at a glance Chair's foreword Annual report Financial statements Page | 12

Beneficiaries The beneficiaries of Nova's services are VCSE sector organisations that are based in or provide services in Wakefield District. Nova welcomed 25 new members, bringing Nova membership to a total of 485 by March 2024. Novo's skilled and dedicated team supported 146 VCSE groups & organisations through our three levels of support. Enablers The above could not have been achieved so successfully without the incredibly hardworking staff team ot Nova. The blend of skills, knowledge and experience thot they bring ensures that Nova provides an excellent service to its members and promotes outstanding relationships with portners. Figure 5.. Some of the Nova Teom at o celebration event. trustees and funders, providing a clearer insight into our work and its impact. Whilst we are a small team, throughout the year we have focused on making sure our systems ond processes are right so that we can function efficiently. We also continued to review and update our policies to ensure they reflected the latest legislation and operational practices. We worked towards, and maintained, a number of accreditations to demonstrate our commitment to We have had some fundamental changes such as our new CRM system. Work is ongoing to integrate this system to join up different areas of our work and improve reporting on the outcomes. providing an inclusive culture at Nova, such as being awarded the Menopause Friendly Accreditation. Our year at a glance Chair's foreword Annual report Finonciol stotements Page113

Nova continued to demonstrate strong commitment to staff wellbeing through a broad benefits package. ,¥£. As a team, we spent more time together in the off ice, enabling us to better connect with each other ond discover opportunities to work collaboratively. According to our2024 staff survey. 100% of staff enjoying working otNova. A skills and training audit was undertaken by staff and used os a basis to identify pairings for o peer support programme, Knowledge Nabbers, launched in January. Figure 6: Nova s Senior Team. Our annual survey of all staff confirmed that.. 0000 92% 96% 96% 83% inspired to do their best supported to grow professionally feel their wellbeing is valued have all the tools to do their job eff iciently Our year at a glance Chair's foreword Annual report Financial statements Page | 14

Recruitment and appointment of newtrustees Related parties and relationships with other organisations The trustees of the charity are also directors for the purpose of company law. Trustees are recruited primarily from the membership Nova Wakefield District and occasionally from outside the membership to meet the skills requirements of the board. Trustees who are not part of an organisation which is a Nova member are made individual Nova Nova is a member of NCVO, NAVCA and Locality, strategic, national bodies which seek to support the interests of locol inf rastructure organisations and charities. Nova works closely with Wakefield Metropolitan District Council and Wakefield Integrated Care Board. It has representation on a range of strategic policy boards and panels, particulorly those ossocioted with health ond wellbeing. members once they ore on the Novo board. Trustees ore appointed by members at the AGM or co-opted by other members of the board between AGM'S to ensure that the board has the skills required to govern the organisation. (co-opted Trustees then stand for election at the AGM following their co-option). Novo is committed to hoving o diverse board that is reflective of the communities it work Remuneration policy for key management personnel Nova's Renumeration policy is set by the board on the recommendation of the HR Committee and Finance with. Committee. An annuol process is undertaken that reviews the full reward package for staff members. This is benchmarked using details of other salaries in Wakefield District and similar organisations in a wider geography. Any recommendations are made by HR Committee, endorsed by Finance Committee and presented to full board for decision. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the orgonisation but this entitles them only to voting rights. The trustees have no beneficial interast in the organisation. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note11 to the accounts. Annual report Our year at a glance Chair's foreword Financial statements Page | 15

Risk management funds by setting aside parts of our reserves and monies held on behalf of other organisations in the Flagstone Investment platform. An investment policy for this platform has been agreed to bolonce the three objectives of security, accessibility and earning potential. Nova operates a Risk Management Policy and a Business Continuity Plan both of which are regularly updoted. Financial review The last financial year has seen Nova maintain good financial stability, reporting an unrestricted surplus of income over expenditures of £48,822. This, and changes to the new accountants recording of income, has resulted in the growth of unrestricted reserves to £723,069 which the trustees will aim to earmark for potential costs involved in establishing a new home for Nova and the Wakefield District VCSE sector. The trustees also foresee further investment in Designated reserves include amounts set aside to cover all running costs, including salaries for 6-months and monies to cover redundoncy ond other legal obligotions. A significant amount of work hos been undertaken with Public Health colleagues in working towards multiyear funding from WMDC and ICB - Wakefield Place. This has led to Nova implementing a professional structure, policies and processes. This has also allowed Novo to implement o new CRM system, leoding to tronsformed operations and reporting for the organisation. re-purposing the upper York Street premises when Nova's operations ore moved into more suitoble premises. In addition, the trustees also see the benefits of further developing the current experienced and highly capable team to support the VCSE sector. With all these potential investments at an advanced state of planning, the trustees ore satisfied that growing current healthy levels of unrestricted reserves is a cautious and necessary situation at this time. Fundraising Nova Wakefield does not undertake public fundraising. Funds held as custodian trustee on behalf of others Meeting the aim of Nova to generate source for the sector, this is a key activity for us and in the course of this activity we make onward grants and as a matter of daily operations, hold funds on behalf of organisations. These During the year Nova has held large amounts on behalf of other organisations. Nova continued to manage these Annual report Our year at a glance Chair's foreword Financial statements Page | 16

funds are identified and recorded separately and where necessary kept in interest bearing accounts. Funds held on behalf of external orgonisations by Nova are overseen and reported by the Finonce Committee which reports to the full board. At the end of March 2024 Nova's unrestricted reserves were £723,069. Audltors Slade & Cooper Ltd were appointed as the charitable compony's ouditors during the yeor and have expressed their willingness to continue in that capacity. Reserves policy Nova's reserves policy seeks to make provision to cover the costs of six months operation in the event of the organisation having to wind up. It held the following types of reserves: a. Restricted reserves, which accumulate through the resourcing of specific projects. b. General unrestricted reserves which have accumulated from general grants and fees charge. c. Designated unrestricted reserves which include provision for redundancies, core salaries and appropriate management of any wind-up procedures and provision for any contractuol lease liabilities. Trustees and management have also designated funds to explore shared premises options that would benefit member organisations and they have also supported the training and development of the full staff team. Investment in CRM system that will streamline grant applications for members and admin processes. Figure 7. VCSE Advocates shoring updotes at a Network Meeting. Annual report Our year at a glance Chair's foreword Financial statements Page | 17

statement of responsibilities of the trustees Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees (who are also directors of Nova Wakefield District Limited for the purposes of company law) are responsible for preparing the trustees. annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees ore responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for sofeguarding the assets of the choritoble company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: In so for as the trustees are aware= There is no relevant audit information of which the charitoble compony's ouditors ore unowore. The trustees 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 Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP. of thot information. Make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companys website. Legislation in the Annual report Our year at a glance Chair's foreword Financial statements Page | 18

United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report has been prepared in accordance with the provisions applicable to companies subject to the small companies, regime of the Companies Act 2006. The trustees, annual report has been approved by the trustees on 7 November 2024 and signed on their behalf by Christine Bann Chair ,.ad￿&￿￿Qn￿G￿l*G￿￿P￿#a[l￿UpdatQs at a Network Meeting. Annual report Our year at a glance Chair's foreword Financial statements Page | 19

Independent Auditor's Report Opinion have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Proctice,. ond have been prepared in accordance with the requirements of the Companies Act 2006. We have audited the financial statements of Nova Wakefield District Limited (the'charitable company,) for the year ended 31 March 2024, which comprise the Statement of Financial Activities (including the income and expenditure account), the Balance Sheet, the Statement of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting stondords, including Financial Reporting Standard102 The Financial Reporting standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Basis lor 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 ore independent of the charitoble 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 we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is In our opinion the financial statements.. give a true and fair view of the state of the choritable company's affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; sufficient and appropriate to provide a basis for our opinion. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page120

Auditor's Report continued Conclusions relating to going concern ond, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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. In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the 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 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. financial statements or a material misstatement of the other informotion. If, bosed on the work we hove performed, we conclude that there is a material misstatement of this Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other information, we are required to report that fact. We have nothing to report in this regard. other Informatlon Opinions on othar matters prescribad by the Companias Act 2006 The trustees are responsible for the 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. Our opinion on the financial statements does not cover the other information In our opinion, based on the work undertaken in the course of the audit: Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 21

Auditor's Report continued the informotion 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 we have not received oll the informotion ond explanations we require for our audit,. or the trustees were not entitled to prepare the financial stotements in accordance with the small companies. regime and take odvontoge of the small companies, exemptions in preparing the Trustees, Annual Report and from the requirement to prepare a strategic report. the trustees, report has been prepored in occordonce with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. Responsibilities of trustee$ As explained more fully in the trustees, responsibilities stotement set out on page 18, the trustees (who are also the directors of the 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 ond foir view, ond for such internol control as the trustees determine is necessary to enable the preparation of financial statements that are free from material We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees. remuneration specified by law are not made; or misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing tha charitabla 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 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 22

Auditor's Report continued intend to liquidate the charitable compony or to ceose operations, or have no realistic alternative but to do so. engagement ond the extent to which these ore capable of detecting irregularities, including fraud is detailed below. Auditor's responsibilities for theaudit of the financial statements enquiry of monagement and those chorged with governance around actual and potential litigation and claims. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole ore free from enquiry of the charitys staff, management and those charged with governance to identify any instonces of non-compliance with laws and regulations. reviewing minutes of meetings of those charged with governance. 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 reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. 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 f raud, are instances of non- compliance with laws and regulations. We design procedures in line with our responsibilities, outlined al)ove, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 23

Auditor's Report continued Because of the inherent limitations of on audit, there is o risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and tronsoctions ref lected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 16 of the Componies Act 2006. Our oudit work hos been undertaken so that we might state to the charitable company's members 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 occept or assume responsibility to anyone other thon the charitable company and the charitable company's members as a body, for our audit work, for this repor¢ or for the opinions we have formed. Christy Yun Hing Lau FCCA DChA CTA Senior Statutory Auditor for and on behalf of A f urther description of our responsibilities is ovailoble on the Financial Reporting Council's website at.. htt www.frc.or .uk auditorsres onsibilities This Slade & Cooper Limited statutory Auditors Beehive Mill description forms part of our auditor's report. Jersey Street hAanchester Useofour report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part M4 6JG 18 December 2024 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 24

Financial statements stotement of Flnonclal Activities (Includlng Income and Expenditure account) For the year ended 31 March 2024 Note Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Income from: Charitable activities 35,912 2,203 16,514 54,629 2,047,857 2,083,769 2,203 16,514 2,102,486 2,384,314 8,425 3,032 2,395.771 other trading activities Invostments Total incoma 2,047,857 Expenditure on: Charitable activities 631 2,119,278 2,119,278 (71,421) 2,119,909 2,119,909 (17,423) 2,269,140 2,269,140 Total expenditure N8t incomel(8XP8nditure) before net gainsl(losses) on investments Net incomel(8xp8nditure) for th8 y8ar Transfer between funds 631 53,998 126,631 53,998 (5,176) 48.822 (71,421) 5,176 (66.245) (17,423) 126,631 Net movement in funds for the year Reconciliation of funds Total funds brought forward Total funds earriod forward (17.423) 126.631 674,247 1,022,332 1,696,579 1,569,948 723,069 956,087 1,679,156 1,696,579 The statement of finoncial octlvlties includes all gains and losses recognised in the year. All income ond expendlture derive from continuing octivities. A lull comparative SOFA is available on the last page of the financial statements. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 25

Balance sheet as at 31 March 2024 Not8 2024 2023 These accounts are prepared in accordance with the speciol provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annuol accounts required by the Companies Act 2006 and ore for ¢ir¢ulotion to members of the Fixed assets Tangible assets Investments 14 97,500 1,089,194 1,186,694 100,000 300,000 400,000 15 Total fixed assets Current assets Debtors Cash at bank and in bank Total current assets Liabilities Creditors.. amounts falling due in less than one year Net current assets 16 241,591 469,367 710.958 610,967 1,291,366 1,902.333 17 cornpany. The notes on pages 28 to 58 form port of these o¢¢ounts. 18 (218,496) (605,754) Approved by the trustees on 7 November 2024 and signed on thèir behalf by.. 492.462 1,679,156 1,296,579 1,696,579 Total assets less current Ilabilities Net a$set$ 1,679,156 1,696,579 The funds of the charity: Restricted income funds Unrestricted income funds 19 956,087 723,069 1,022,332 674,247 20 Chrlstlno Bann Chair Total charity funds 1,679,156 1,696,579 Company number 07183132 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 26

Statement of Cash Flows for the year ending 31 March 2024 Note 2024 2023 Cash provided byl(used in) operating activities Cash flows from investing activities.. 23 (60,148) (169,952) Dividends, interest, and rents from investments Purchase of investments 16,514 (778,365) 3,032 (300,000) Cash provided byl(used in) investing activities (761.851) (296.968) Increasel(decreose) in cash and cash equivalents in the year (821,999) (466,920) Cash and cosh equivolents ot the beginning of the year 1,291,366 1,758,286 Cash and cash equlvalents atthe end of the year 469,367 1,291,366 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 27

Notes to the financial statements For the year ended 31 March 2024 Aecountlng pollcles The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements ore as follows.. about the charitable company s ability to continue as a going concern. The trustees hove mode no keyjudgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimotion uncertainty at the reporting dote that hove o significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period. a. Basis of preparation The finoncial statements hove been prepored in occordonce with Accounting and Reporting by Charities- Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}, second edition - October 2019 (Chorities SORP (FRS102)), the Finoncial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice. Novo Wokefield District Limited meets the definition of o public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. ¢. In¢ome Income is recognised when the charity has entitlement to the funds. any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received ond the amount con be measured reliobly. Income from government and other grants, whether'capital, grants or'revenue. grants, is recognised when the charity has entitlement to the funds, any pertormance conditions attached to the gronts hove been met, it is probable that the income will be r9ceived and the amount can bg measured rgliably and is not delerred. b. Proparation of the accounts on a going concern basis The trustees consider that there are no material uncertainties Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 28

Notes to the accounts for the year ended 31 March 2024 (continued) l. Accounting policies (continued) For legacies, er)titlement is taken as the earlier of the date on which either.. the charity is aware that probate has been granted, the estate hos been finalised and notification has been mode by the executor(s) to the chority that a distribution will be made, or when o distribution is received from the estote. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legocies have been notified to the charity, or the charity is aware of the gronting of probote, ond the criteria for income recognition have not been met, then the legacy is a treated as a contingent osset and disclosed il material. (FRS 102), general volunteer time is not recognised; refer to the trustees, annual report for more information about their contribution. On receipt, donated professional services and donated facilities are recognised on the bosis of the value of the gift to the chority which is the omount the chority would hove 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. o. Interest receivable Interest on funds held on deposit is included when rec8ivable and the amount can be measured reliably by the charity,. this is normally upon notification ol the interest paid or payable by the Bank. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met. Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designoted funds are unrestricted funds of the chority which the trustees hove decided at their discretion to set aside to use d. Donated services and facilities Donated professional 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 thot economic benefit can be measured reliably. In accordancg Wlth th8 Charities SORP for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 29

Notes to the accounts for the year ended 31 March 2024 (continued) l. Accountlng pollcles (continued) g. Expenditure and irrecoverable VAT Expenditure is recognised once there is o legal or constructive obligation to make a payment to a third party, it is probable thot settlement will be required ond the omount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Expenditure on choritoble octivities includes the costs undertoken to further the purposes of the chority ond their associated support costs. Other expenditure represents those items not falling into any other heading. h. Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs. finance, personnel. payroll ond governonce costs which support the chority 8 progrommes and activities. The chority hos one octivity and therefore support and governance costs are not apportioned. Tangible fixed assets Individual fixed ossets costing £1,000 or more are copitalised ot cost and ore depreciated over their estimated useful economic lives on o straight line bosis as follows- Freehold building 2Y. Straight line Fixtures and fittings straight line Computer equipment straight line 25/. 33Y. k. Fixed asset investments Investments are a form of basic financial instrument and are initiolly recognised ot their tronsaction value ond subsequently measured at their fair value as at the balance sheet dat8 using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluotion and disposals throughout the year. The Chority does not ocquire put options, derivotives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the ottitude of investors to investment risL and changes in sentiment concerning equities and within particular sectors or sub sectors. Operatlng leases Operating leases are leases in which the title to the assets, and the risks and rewards ol ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page130

Notes to the accounts for the year ended 31 March 2024 (continued) l. Accountlng pollcles (contlnued) Debtors exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Trade and other debtors ore recognised ot the settlement omount due ofter any trode discount offered. Prepoyments ore valued at the amount prepaid net of any trade discounts due. P. Ponsions Employees of the charity are entitled to join a defined contribution'money purchase, scheme. The charity'8 contribution is restricted to the contributions disclosed in note m. Cash at bank and in hand Cash at bank and cash in hand includ8s cash and short t8rm highly liquid investments with a short moturity of three months or less from the date of acquisition or opening of the deposit or similar account. 10. There wer8 no outstanding contributions at the year end. The costs of the defined contribution scheme are included within support and governance costs. n. Creditors and provisions Creditors ond provisions ore recognised where the Charity has o present obligotion resulting from o post event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised ot their settlement amount ofter ollowing for any trade discounts due. 2. Legul status ofthe charity The charity is a compony limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the chority. The registered office address is disclosed on page 3. o. 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 with the Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 31

Notes to the accounts for the year ended 31 March 2024 (continued) 3. Income from charltable actlvltlos Current reporting poriod Unrestricted Restricted Total 2024 Grants received Climote Gronts Better Neighbourhood Fund Emotional and Mental Wellbeing Fund Harnessing Power of Communities Harnessing Power of Communities Research Champions Help at the Hub Live Well Core 20 Plus 5 Live Well Small Gronts scheme Live Well Wokefield Menopouse ond Me MH Community Builder Primary Care Network Prosper Third Sector Framework Post Third Sector SupportlvRU Warwick Ahead Big Local Plan 4 WMDC Core grant Subtotol for gronts received Contract income BBO Connecting Opportunities EU Settlement Scheme other contract income 6,478 233,312 55,000 148,533 20,000 133,100 40,091 222,786 389,782 65,681 46,806 304,598 25,000 12,500 14,000 36,422 289,396 2037,007 239,790 55,000 164,387 20,000 133,100 40,091 229,800 389,782 65,681 46,806 304,598 25,000 12,500 14,000 36,422 289,396 2,066,353 15,854 7,014 29,346 3,716 2,010 3,716 2,010 300 300 Subtotal for contract income Other income 300 6,266 35,912 5,726 5,124 2,047,857 6,026 11,390 2,083.769 Total Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 32

Notes to the accounts for the year ended 31 March 2024 (continued) 3. Income from charltable uctlvltles (continued) Previous reporting period Unrestricted Restricted Total 2023 Grants received CLLD PEAT Capital Gronts CLLD PEAT Revenue Community Safety Community Safety Network Help at the Hub Income generation and Bid Writing Kellingley Development Worker Live Well Cancer Alliance Bursary Live Well Post Covid Support Live Well Small Grants scheme Live Well Step Up Live Well Waiting Well Live Well Wokefield MH Community Builder Primory Core Network Prosper SWYPTIvcsE relationship Test and Trace Engagement - Warm Spaces Thinking Differently Development Fund Third Sector Framework Third Sector Framework Post Third Sector SupportlvRU Wakefield Partnership People Plan Wamick Ahead Big Local Plan 3 46,761 10,676 3,000 2,000 74,991 37,500 29,000 8,678 96,712 150.000 35,987 18,886 571,391 34,514 256,094 25,000 25,000 97,503 275,000 (60,000) 37,500 10,500 50.000 14,676 46,761 10,676 3,000 2,000 74,991 37,500 29,000 8.678 96.712 150,000 35,987 18,886 571,391 34,514 256,094 25,000 25,000 97,503 275,000 (60,000) 37,500 10,500 50,000 14,676 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 33

Notes to the accounts for the year ended 31 March 2024 (continued) 3. Income from charltable uctlvltles (continued) Previous reporting period Unrestricted Restricted Total 2023 Worwick Ahead Big Locol Plon 4 Warwick Connect Café 103,474 7,000 4,860 1,000 220,990 103,474 7,000 4,860 1,000 220,990 5,900 2,194,593 Warwick Craft Group Warwick Digital Inclusion WMDC Core grant General grant income Subtotal for grants received 5,900 5,900 2,188,693 Contract income BBO Connecting Opportunities EU Settlement Scheme 77,020 44,437 21,482 77,020 44,437 21,482 32,669 175,608 14,113 2.384.314 Health and Wellbeing Fund other contract income 32,669 32,669 12,795 51.364 Subtotol for contract income 142,939 1,318 2.332.950 other income Total 4. Income from trading activities Income from other tradlng activltles 2024 2023 Room hire 2,203 8,425 2.203 8.425 All income from other trading activities is unrestricted. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 34

Notes to the accounts for the year ended 31 March 2024 (continued) 5. Investment Incomo Current reporting poriod Unr8Stricted R8Stricted 2024 Income from bank deposits 16,514 16,514 Unrestricted 16,514 16,514 Previous reporting period Restricted 2023 Income from bank deposits 3,032 3,032 3,032 3,032 6. Analysis of expenditure on charitable activities Current reporting period 2024 2023 Activity and 8vent costs Community facilities Contract delivery Grants to institutions Marketing and publicity other staff costs Partner expenditure Recruitment staff costs staff travel Training Governancg costs (se8 note 7) Support costs (see note 7) 25,491 2,000 322,965 779,491 13,437 3,553 20,592 28,553 1,232 586,372 667,932 15,623 2,188 41,244 1,354 842,726 3,512 3,230 17,490 57,684 2269140 843,474 4,545 6,307 17,296 79,627 2,119,909 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 35

Notes to the accounts for the year ended 31 March 2024 (continued) 6. Analysls of expendlturo on charltuble actlvltles (continued) 2024 2023 Restricted expenditure Unrestricted expenditure 2,119,278 631 2,119,909 2,242,758 26,382 2,269,140 7. Analysis of governance and support costs Current reportlng prlod Support Governance Total 2024 Bank charges Insuronce Postage, Printing and Stationery Premises costs Software, IT support and related costs Subscriptions Sundry expenses Telephone, fox ond broodbond Depreciation Audit and accountancy fees Legal and professional Other governance costs 2,183 4,741 1,803 17,141 33,402 3,036 7,942 5,603 2,500 2,183 4,741 1,803 17,141 33,402 3,036 7,942 5,603 2,500 8,190 8,811 1,571 96,923 8,190 7,535 1,571 17,296 1,276 79,627 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 36

Notes to the accounts for the year ended 31 March 2024 (continued) 7. Anulysls of governanco und support costs (continued) Previous reporting period Support Governanc8 Total 2023 Bank charges Insurance Postage, Printing and Stationery Premises costs SofhNare, IT support and related costs Subscriptions Sundry expenses Telephone, fax and broadband Depreciation Audit and occountoncy tees Legal and professional other governance costs 263 6,758 3,538 21,166 5,121 3,234 9,681 4,373 2,500 263 6,758 3,538 21,166 5,121 3,234 9,681 4,373 2,500 10,768 7,272 500 75,174 10,768 6,222 500 17,490 1,050 57,684 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 37

Notes to the accounts for the year ended 31 March 2024 (continued) 8. Grunts to Instltutlons Analysis of total grants paid by project being supported 2024 2023 BBO Connecting Opportunities Climate Grants Better Neighbourhoods Fund CLLD PEAT Capital grants Emotional and Mental Wellbeing Fund General Fund Harnessing Power of Communities Harnessing Power of Communities Research Champions Help atthe Hub Live Well Core 20 Plus 5 Live Well Small Grants scheme Test ond Trace Engagement - Warm Spaces Thinking Differently Development Fund Third Sector Framework 3,716 104,430 27,041 5,489 2,950 65,601 52,700 3,723 114,858 13,371 133,592 76,582 165,146 193,224 112,500 85,000 667,932 112,500 175,000 779,491 Details of our grants can be downloaded here.. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 38

Notes to the accounts for the year ended 31 March 2024 (continued) 9. Net In¢omel (expendlture) for the year This is stated after chargingl (crediting): 2024 2023 Depreciation Operating lease rentals: Property Other Auditors remuneration audit fees Auditors remuneration - accountancy fees 2,500 2,500 3,629 609 12,800 609 4,725 2,100 4,500 2,000 10. staff costs staff costs during the year were as follows- 2024 2023 Wages and salaries Social security costs Pension costs 744,403 60,659 38,412 843,474 744,363 61,596 36,767 842,726 No employees has employee benefits in excess of £60,000 (2023: Nil). The average number of staff employed during the period was 25 (2023.. 31). The key management personnel of the charity comprise the trustees, the Chief Executive Officer, the Operations Manager, Community and Enterprise Development Manager and the Contracts and Grants Manager. The total employee benefits of the key management personnel of the charity were £157,508 (2023: £185,954). Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 39

Notes to the accounts for the year ended 31 March 2024 (continued) 11. Trusteo remuneratlon und expensos. und related purty transactlons Neither the trustees nor any persons connected with them received any remuneration during the year (2023= Nil). One trustee (2023: two) received reimbursed travel expenses during the year of £70 (2023- £101). Aggregate donations from related parties were £nil (2023: £nil). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. Progressive Talent c.i.c (Lucy Ndlovu) was paid £250 for training to support EDI agenda during the year (2023.. £364). The omount of £nil wos outstanding ot the year end (2023: £nil). Antony Nelson (TIA ADN Support and Development Limited) was paid £4,000 for consultancy work as part of the Thinking Differently project and £9,750 for development of 3rd Sector Framework during the year (2023: £7,000). The amount of £nil was outstanding at the year end (2023: £nil). Novo bid for, negotioted and coordinoted vorious funding opportunities for its members. The tronsoctions between Novo ond the related parties are as follows.. Related partles Trustees In common Project Grants recelved 2024 2023 Eastmoor Community Project Chris Bann Help at the Hubs Live Well Core 20 Plus 5 Climate Grant - Better Neighbourhoods Fund Live Well Small Grants scheme 13,574 10,028 28,380 Groundwork Yorkshire Antony Nelson Healthwatch Lee Wood 1,000 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page140

Notes to the accounts for the year ended 31 March 2024 (continued) 11. Trusteo remuneratlon und expenses. and reluted partytransactlons (continued) Related parties Trustees in common Proj8Ct Grants r8ceiv8d 2024 2023 Lightwaves Community Trust Mohammed Ayub Help at the Hubs (2023: Test & and Hayley Grocock Trace Engagement) Jon Archbold Live Well Smoll Grants Mohammed Ayub Help atthe Hub Simon Topham Live Well Small Grants Pete Taylor Live Well Smoll Grants Michael Holt Help at the Hub 8,325 8,800 Memory Action Group Next Generation Wakefield CIC Prince of Wales Hospice Second Chance Headway St Georges Lupset Ltd (to 10 June 2022) Wokefield District Sight Aid Young Lives Consortium 3,960 5,250 7,527 7,703 2,400 Hoyley Grocock Mohammed Ayub Live Well Smoll Gronts General Fund 7,963 36,946 25,750 During the year, Nova paid £400 to Eastmoor Community Project and Memory Action Group for SWYPT & VCSE relationship consultation work. Additionally, Nova incurred room hire expenses with related parties, amounting to £1,130 with Eastmoor Community Project and £139 with Lightwoves Community Trust. No other trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2023: nil). Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 41

Notes to the accounts for the year ended 31 March 2024 (continued) 12. Government grants The government grants recognised in the accounts were as follows: 2024 2023 South West Yorkshire Partnership NHS Foundation Trust Wakefield Council Leeds City Council NHS Wakefield ICB West Yorkshire Combined Authority 150,573 1,143,796 25,000 1,391,871 77,020 378,400 10,500 1,882,791 391,965 14,000 1,700,334 The unfulfilled conditions attaching to the grants were to complete all the projects, which we expect to do in the forthcoming financial years. 13. Corporation tax The charity is exempt from tax on income and gains falling within Chapter 3 of Part11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 42

Notes to the accounts for the year ended 31 March 2024 (continued) 14. Flxed ussets: tunglble assets Land and buildings Fixtures and fittings Computer equipment Total Cost At l April 2023 Additions At 31 March 2024 125,000 1,191 8,042 134,233 125,000 1,191 8,042 134,233 Dopreciation At l April 2023 Charge for the yeor At 31 March 2024 25,000 2,500 27,500 1,191 8,042 34,233 2,500 36,733 I,Igi 8,042 Net book value At 31 March 2024 97,500 ioo,000 97,500 ioo,000 At 31 March 2023 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 43

Notes to the accounts for the year ended 31 March 2024 (continued) 15. Investments 2024 2023 Market value at the start of the year Add.. additions to investments at cost Disposals at carrying value Interest income Management fees Market value at the end of the year Investments at fair value comprised- Savings accounts Holding account 300,000 778,365 300,000 12,757 (1,928) 1,089,194 300,000 1,089,194 300,000 300,000 1,089,194 Investments are classified os Basic Financiol Instruments and consist of cosh deposit notice accounts ond fixed-term occounts monoged through the Flogstone Investment platform. 16. Debtors 2024 2023 Trade debtors Prepayments and accrued income 202,270 39,321 241,591 582,199 28,768 610,967 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 44

Notes to the accounts for the year ended 31 March 2024 (continued) 17. Cash at bunk and In hand 2024 2023 Cash at bank and on hand 469,367 469,367 1,291,366 1,291,366 18. Credltors: amounts falllng due wlthln one year 2024 2023 Trade creditors Short term compensated absences (holiday pay) other creditors and accruals Taxation and social security costs 31,369 4,258 83,221 165,781 17,088 218,496 506,439 16,094 605,754 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 45

Notes to the accounts for the year ended 31 March 2024 (continued) 19. Analysls of movements In restrlcted funds Current reportlng perlod Balance at I Aprll 2023 Ineome Expendlture Transters Balance at 31 March 2024 BBO Connecting Opportunities Climate Grants Better Neighbourhood Fund Community Anchors Community Book Emotional ond Mental Wellbeing Fund EU Settlement Scheme Harnessing Power of Communities Harnessing Power of Communities Research Champions Help at the Hub Kellingley Development Worker Live Well Concer Allionce Bursory Live W911 Corg 20 Plus 5 Live Well Post Covid Support Live Well Small Grants scheme 3,716 (3,716) 233,312 (104,430) 128,882 31,A5 10,075 {25,906) (5,250) (71,100) 76,679 82,488 4,825 3,900 55,000 20,000 2,010 148,533 (7,186) (45,215) 5,176 (76,679) 26,639 20,000 (5,566) 14,434 {6,257) 4,755 133,100 (127,129) (4,755) (286) 8,678 (6,543) 2,135 40,091 (25,768) (1109) 14,323 37,004 39,113 66,091 222,786 (141,091) 147,786 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Pase146

Notes to the accounts for the year ended 31 March 2024 (continued) 19. Analysls of movements In restrlcted funds (continued) Current reportlng perlod Balance atl Aprll 2023 Income Expendlture Transfers Balance at 31 March 2024 Live W811 Waiting Well Live Well Wakefield Menopause and Me MH Community Builder Primary Core Network Prosper SWYPT&VCSE relationship Thinking Differently Developmerht Fund Third Sector Framework Third Sector Fromework Post Third Sector SupportlvRU Wakefield Partnership People Plan Warwick Ahead BLP 4 Warwick Ahead Other Warwick Digital Inclusion WMDC Core grant 18,886 10,000 (15,288) (390,123) (62,013) {46,806) (286,732) (25,000) (8,87) (133,281) 3,598 9,783 3,668 389,906 65,681 46,806 304,598 25.000 5,000 17.866 18,750 1,129 15,118 18,750 25,OQO 148,399 (20,000) 520,000 7,340 {175,000) (19,840) 345,000 12,500 14,000 (14,000) (11,978) 11,978 52,950 3,940 1,000 49,919 36,422 (60,517) 28,855 3,940 (1,000) (293,065) 289,396 46.250 Total 1,022,332 2,047,857 (2,119,278) 5,176 956,087 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 47

Notes to the accounts for the year ended 31 March 2024 (continued) 19. Analysls of movements In restrlcted funds (continued) Prevlous reportlng perlod Balance at I Aprll 2022 Income Expendlture Translers Balance at 31 Mar¢h 2023 BASS (42) 42 BBO Connecting opportunities Bright Ideas Fund CLLD PEA T Copitol grants CLLD PEAT Revenue Community Anchors Community Book Community Safety Community Safety Network Connecting Communities and Digital Inclusion Fund Emotional and Mental Wellbeing Fund EU Settlement Scheme Harnessing Power of Communities Health ond Wellbeing Fund Help at the Hub Income generation and Bid Writing Kellingley Development Worker 77,020 (77,020) 130 (21,750) (3,735) 48,552 8,200 (1,154) (1,992) 4,500 {130) (25,011) (6,941) (16,837) (5,831) (1,846) (8) (4,500) 46,761 10,676 31,715 10,075 7,706 3,000 2,000 26,086 (26,086) 44,437 (44,437) (25,000) 25,000 (51,482) 21,482 74,991 37,500 30,000 {81,248) (37,500) (6,257) 31,620 {31,620) 29,000 (24,245) 4,755 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Pase148

Notes to the accounts for the year ended 31 March 2024 (continued) 19. Analysls of movements In restrlcted funds (continued) Prevk*us reportlng perlod Balanee atl Aprll 2022 Income Expendlture Transfers Balance at 31 March 2023 Live W811 Cancer Alliance Bursary Live Well Post Covid Support Live Well Small Grants scheme 8,678 8,678 6,756 126,238 96,712 150,000 (64,355) (210,147) 39,113 66,091 Live Well Step up Live Well Waiting Well Live Well Wakefield MH Community Builder NHSE Communicotion ond Engogement (4.713) 35,987 18,886 571,391 34,514 (31,274) 18,886 10,000 20,582 (559,909) (34,514) (22,064) (846) 846 Primary Core Network Prosper SWYPT&VCSE relationship Test and Troce Engogement- Warm Spaces 107,375 256,094 25,000 25,000 97,503 (242,888) (6,250) (9,570) {172,974) (120,581) 18,750 25,000 9,570 105,471 (30,000) Thinking Differently Development Fund Third Sector Fromework Third Sector Framework Post 275,000 (126,601) 148,399 665,000 {60,000) 37,500 (85,000) (30,160) 520,000 7,340 Third Sector SupportlvRU 10,500 (10,500) Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Pase149

Notes to the accounts for the year ended 31 March 2024 (continued) 19. Analysls of movements In restrlcted funds (continued) Prevlous reportlng perlod Balance at I Aprll 2022 Income Expendlture Transfers Balance at 31 March 2023 Volunteering and CA Hub 7,706 (7,706) Wakefield CCG Bereavement Advice Wakefield Partnership People Plan Warwick Ahead BLP 3 Warwick Ahead BLP 4 Warwick Ahead Other Warwick Connect Café Warwick Croft Group Warwick Digitol Inclusion West Yorkshire ond Harrogate Health and Care Partnership WMDC Core grant 5,733 (5,733) 50,000 (38,022) 11,978 (5,461) 14,676 103,474 1,318 7,000 4,860 1,000 {9,215) (50,524) (1,284) (7,000) (4,860) 52.950 3.940 3,906 1,000 845 (845) 220,990 (171,071) 49,919 Total 1,112,095 2,332,950 (2,242,758} {179,955) 1,022,332 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page150

Notes to the accounts for the year ended 31 March 2024 (continued) 19. Analysls of movements In restrlcted funds (continued) Name of restrlcted fund Descrlptlon, nature and purposes of the fund To work with new migronts to develop their skills ond opporturnities to find work ond be port of the local community. BBO Connecting Opportunities Climate Grants Better Neighbourhood Fund Community gront funding scheme to support the transition to net zero corbon through the delivery of neighbourhood or community level measures that prioritise local, clean, and flexible energy solutions,. healthy, aff ordable, and efficient buildings- walking, cycling and public transport,. and green and climate-ready nature solutions. Community Anchors To support the VCSE sector with an emphasis on tackling health inequalities and building capacity of the VCSE sector across West Yorkshire. Community Book Development and ongoing hosting of a one stop shop website for community activity- Emotionol ond Mentol Wellbeing Fund To develop, triol ond evaluote community solutions that support people to access mentol health support in the community os early os possible. Hopefully reducing the likelihood of o mental heolth crisis occurring, or where one does occur provide an alternative to statutory services. To deliver practical support to vulnerable EU Citizens and their family members ("Citizens") to help them make their EU Settlement Scheme application. To support the VCSE sector with an emphasis on tackling health inequalities and building capacity of the VCSE sector across West Yorkshire. EU Settlement Scheme Harnessing Power of Communities Harnessing Power of Communities Research Champions Build on the power of communities within West Yorkshire to strengthen and connect existing research within the voluntary, community ond sociol enterprise sector (VCSE) ond co-produce new approoches to expand the number and relevance of reseorch opportunities for underrepresented and underserved groups facing some of the greatest health inequalities. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 51

Notes to the accounts for the year ended 31 March 2024 (continued) 19. Analysls of movements In restrlcted funds (continued) Name of restrlcted fund Descrlptlon, nature and purposes of the fund Gront funding for community hub venues to mitigote the impoct of the increosed cost of living through the provisior) of practical support and advice to residents who are in, or at risk of, financial difficulty. Help ot the Hub Kellingley Development Worker Live Well Cancer Alliance Bursary 2-year post to support the organisational development at Kellingley Club Delivery of 4 x 6 week'Cancer-Thriving and Surviving, Courses in 2023-2024. Live Well Core 20 Plus 5 Local healthcare services who identify a patient facing barriers to healthcare can refer their patients to Live Well Wakefield. In partnership with 2 Community Anchors, a Peer Support Volunteer will be assigned to assist those individuals to attend their upcoming appointments, supporting early diagnosis and improved outcomes. Live Well Small Gronts scheme To provide grants for the VCSE sector within the Wakefield District in support of the outcomes of the Live Well Wakefield Service where gaps in service provision or the need for development are identified, toking on osset-bosed opprooch, utilising the Third Sector Fromework. Live Well Woiting Well Sociol Prescribing Link Worker to exclusively support individuals who hove been on the odmitted elective woiting list ot MYHT for12 months or more. Live Well Wakefield A referral based social prescribing and supported self-management service, providing support to adults (18+) who either live in the Wakefield District, or are registered with a Wakefield GP. Menopause and Me 10 local voluntary and community organisations to receive training from MenoHealth to deliver science-backed Menopause support sessions to local women. To form o Menopause network co- ordinated by Nova across the whole district. This will provide a space for all those quolified to share best practice, find peer support and express ideos. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 52

Notes to the accounts for the year ended 31 March 2024 (continued) 19. Analysls of movements In restrlcted funds (continued) Name of restrlcted fund Descrlptlon, nature and purposes of the fund Mentol Heolth Community Builder post. MH Community Builder Primary Care Network Provision of Social Prescribing Link Workers, based in each of the 7 Primary Care Networks. Prosper SWYPTIvcsE relationship Business planning and Capacity Building in the VCSE Sector Grant fund to address health inequalities Thinking Differently Development Fund Pilot project working closely with 5 organisations over 2 years to improve capacity relating to Mental Health Support. Third Sector Framework To odminister the Third Sector Fromework which is o foir, open and tronsparent way of allocoting funding to locally rooted Voluntory, Community and Sociol Enterprise (VCSE) orgonisotions in Wokefield District. The Framework was lounched in January 2021 ond is o portnership between Novo Wokefield District, Wokefield Council, Wakefield District Health and Core Portnership and Young Lives Consortium. One of the aims of the Framework is to achieve balanced distribution of funding across the district, and organisations of all sizes are invited to opply. To administer the Third Sector Framework which is a fair, open and transparent way of allocating funding to locally rooted VCSE organisations in Wakefield District. The Framework is a partnership between Nova Wakefield District, Wakefield Council. Wakefield District Health ond Care Partnership and Young Lives Consortium. One of the aims of the Framework is to achieve balanced distribution of furbding across the district. and organisations of all sizes are invited to apply. Third Sector Framework Post Third Sector SupportlvRU Raise the profile of Violence Against Women and Girls and other Mayoral strategies along with the wider work ol the Violence Reduction Unity in reducing serious violent crime across the VCSE Sector. Wakefield Partr)ership People Plan Support Nova with the alignment of volunteering opportunities and programmes available within the Wak9fi91d District Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 53

Notes to the accounts for the year ended 31 March 2024 (continued) 19. Analysls of movements In restrlcted funds (continued) Name of restrlcted fund Descrlptlon, nature and purposes of the fund To oversee ond monoge the gront to Big Locol Worwick Ahead - o local, resident-led progromme which enables people locally to provide recommendotior)s in good faith about how their local area can be improved. Worwick Ahead BLP 4 Warwick Ahead Other Warwick Ahead is a community led Partnership funded through the Big Local Programme on the Worwick Estote in Knottingley. The overoll purpose is to develop o thriving community by estoblishing a vision with the community to address issues they identify and record how they would like the area to look and feel in the future. The Partnership is developing community plans covering 10 years, acting as o catolyst to build community involvement, developing the skills of locol people to tockle problems, creating change by involving local people, agreeing priorities, making decisions and being accountable with support from local organisations. Warwick Digital Inclusion Grant to address social exclusion through digital awareness raising through crafting aimed at local people who are residents from the Warwick Estate and surrounding area. WMDC Core gront To provide Infrostructure support to the VCSE sector in Wakefield District through the provision of o wide range of services. Transfers out have been made to fund work that is covered by the original agreement or where the funder has agreed that it can be utilised elsewhere. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 54

Notes to the accounts for the year ended 31 March 2024 (continued) 20. Analysls of movement In unrestrlcted funds Current reporting perlod Balanc8 at l April 2023 Income Exp8nditure Transfers Asat31 March 2024 General fund 674,247 674,247 54,629 54,629 (631) (631) (5,176) (5,176) 723,069 723,069 Previous reporting perlod Balance at l April 2022 Income Expenditure Transfers Asat31 March 2023 General fund 457,853 457,853 62,821 62,821 (26,382) (26,382) 179,955 179,955 674,247 674,247 Name of unrestricted fund Description. nature and purposes of the fund The free reserves after allowing for all designated funds General fund Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 55

Notes to the accounts for the year ended 31 March 2024 (continued) 21. Analysls of net assets between funds Current reporting period l General fund Designat8d funds Restrict8d funds Total Tangible fixed assets Fixed asset investments Net current assetsl(liabilities) 97,500 1,089,194 (463,625) 97,500 1,089,194 492,462 956,087 Total 723,069 956,087 1,679,156 Prevlous rgportlng pgrlod General fund Deslgnated funds Restrlcted funds Total Tangible fixed assets Fixed asset investments 100,000 300,000 274,247 100,000 300,000 1,296,579 Net current assetsl(liabilities) 1,022,332 Total 674,247 1,022,332 1,696,579 Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Pase156

Notes to the accounts for the year ended 31 March 2024 (continued) 22. Analysls of net ussets between funds The charity s total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods- Property Equipment 2023 2024 2023 2024 Less than one year One to five years 609 1,370 1,979 609 1,979 2,588 23. Reconclllatlon of net movement In funds to net cash flow from operatlng a¢tlvltles 2024 2023 Net incomel(expenditure) for the year Adjustments lor: Depreciation charge (Gains}Iiosses on investments Dividends, interest and rents from investments Decreasel(increase) in debtors Increasel(decrease) in creditors Nat cash provided byl(used in) oparating activitios (17,423) 126,631 2,500 (10,829) (16,514) 369,376 (387,258) (60,148) 2,500 (3,032) (68,345) (227,706) (169,952) Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Page | 57

Notes to the accounts for the year ended 31 March 2024 (continued) 24. Prlor Year Statement of Flnunclul Actlvltles (Includlng incorne und Expendlture account) Unrestricted funds Restricted funds Total funds Total funds Income from: Donations and legacies Charitable activiti8s 200 2,556,645 10,985 363 2.568.193 51,364 8,425 3,032 62.821 2,332,950 2,384,314 8,425 3,032 2.395.771 other Investments Total income Expenditure on: Charitable activiti8s 2.332.950 26,382 26,382 36,439 2,242,758 2,242.758 90,192 2,269,140 2.269,140 126,631 2,497,448 2,497,448 70,745 Total expenditure Net incomel(expenditure) before net gainsl(losses) on investments Net incomel(expenditure) for the year Transfer between funds 36,439 179,955 216.394 90,192 (179,955) (89.763) 126,631 70,745 Net movement in funds for the year Reconciliation of funds Totol funds brought forword Total funds carrlad forward 126.631 70.745 457,853 674,247 1,112,095 1,022,332 1,569,948 1,696,579 1,499,203 1,569,948 The statemer)t of financial activitlgs includes all gains and Iossgs recognis8d in the year. All income and expenditure derive from continuing activities. Finonciol stat8m8nts Our year at o glonca Chair's loraword Annual raport Pase158

Nova Wakefield District Limited Nova Annual Report and Financial Statements for the Year Ended 31 March 2024 building a vibrant VCSE sector in our District Company registration number. 07183132 Charity registration number.. 1143640