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
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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