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2022-12-31-accounts

DocuSign Envelope ID: FCE7F16E-2049-428E-B933-29B995A5FFAD

Trustees’ Annual Report for the period

From 01/01/2022 Period start date To

31/12/2022 Period end date

Charity name: Novia Foundation CIO

Charity registration number: 1176128

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 (1) Such exclusive charitable objects and
purposes, for the public benefit, in any
part of the world as the charity trustees
may in their discretion think fit.
(2) Nothing in this constitution shall
authorise an application of the property
of the CIO for the purposes which are
not charitable in accordance with section
7 of the Charities and Trustee
Investment (Scotland) Act 2005 and
section 2 of the Charities Act (Northern
Ireland) 2008.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 The Novia Foundation was established to
support projects and initiatives for the benefit
of people in and around the city of Bath, and
other parts of the UK at the discretion of the
trustees. The charity does so by raising
funds through fundraising activities and the
receipt of donations which it in turn uses to
provide grants to local charities and
initiatives that align with its objects. The
charity’s trustees have, since the reporting
period, agreed that the charity should
specifically focus on helping those it
supports to ‘pursue their potential together’
(its ‘Purpose’) and to broaden its support for
charities and initiatives further afield in the
London and Salisbury area.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees were provided with additional
training at the end of the reporting period on
the Charity Commission’s guidance on
public benefit, are aware of the charity’s
objects and exercise their powers and duties
with regard to the Commission’s guidance
on public benefit.

whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit
training at the end of the reporting period on
the Charity Commission’s guidance on
public benefit, are aware of the charity’s
objects and exercise their powers and duties
with regard to the Commission’s guidance
on public benefit.
Additional information (optional)
You may choose to include further statements		 where relevant about:
SORP reference
Para1.38 The Novia Foundation trustees agreed
followingthe reporting period, in January

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Policy on grant making 2023, that its policy on grant making should
align with the charity’s aforementioned
Purpose wherever possible.
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The Novia Foundation continued to support
good causes during 2022. The ongoing
impact of the pandemic and trustee and
volunteer turnover however meant that the
charity’s volunteering and fundraising
activities were somewhat curtailed. The
composition of the charity’s board of trustees
has since undergone renewal with a new
Chair having been appointed at the end of
the reporting period. Great efforts have been
made by the Novia Foundation to raise more
funds and provide greater assistance to
those it supports in accordance with the
charity’s Purpose and objects.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41

DocuSign Envelope ID: FCE7F16E-2049-428E-B933-29B995A5FFAD

Investment performance
against objectives		 Para 1.41
Other

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Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The Novia Foundation received £6,695.94
during the reporting period and spent £1,500
on charitable activities. The charity had cash
funds of £15,172.78 at the end of the
reporting period.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Novia Foundation seeks to distribute all
monies it has raised through fundraising
events and charitable donations and the
cash still held in reserve at the end of the
reporting period was a result of timing rather
than a deliberate accumulation of reserves.
Amount of reserves held Para 1.22 £15,172.78 held in the Novia Foundation’s
bank account at the end of the reporting
period for the reason stated above.
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A
Details of fund materially in
deficit
Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23		 Details of fund materially in
deficit
Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23		 N/A
N/A
Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Fundraising and donations made by the staff
of Novia Financial plc and Wealthtime Ltd
and the wider public more generally.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

DocuSign Envelope ID: FCE7F16E-2049-428E-B933-29B995A5FFAD

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Appointment by the board of trustees
following an interview process

Additional information (optional)

Additional information (optional) Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction and
training of trustees		 Para 1.51 Provision of the charity’s CIO and annual
report and accounts in accordance with the
charity’s constitution.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 The charity’s board of trustees meets bi-
monthly in accordance with an agreed
upon terms of reference outlining its duties,
responsibilities, membership, quorum
requirements and meeting standing agenda
items amongst other matters. Meetings of
the charity are organised by the board’s
chair and minutes and records of these
meetings are kept and stored at the
charity’s principal address.
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name Novia Foundation CIO
Other name the charity uses
Registered charity number 1176128
Charity’s principal address Cambridge House
Henry Street
Bath
BA1 1EB

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Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Robert Vaudry Chair From 21/12/2022 The Novia Foundation board
of trustees
Lucy Bristow From 21/03/2023 The Novia Foundation board
of trustees
Anthony Hicks From 21/03/2023 The Novia Foundation board
of trustees
Joanne Benson From 28/10/2023 The Novia Foundation board
of trustees
Neil Harvey From 28/10/2023 The Novia Foundation board
of trustees

– Corporate trustees names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
N/A

DocuSign Envelope ID: FCE7F16E-2049-428E-B933-29B995A5FFAD

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details N/A

Other optional information

DocuSign Envelope ID: FCE7F16E-2049-428E-B933-29B995A5FFAD

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Robert Vaudry Lucy Bristow

Chair

27/10/2023

27/10/2023

DocuSign Envelope ID: FCE7F16E-2049-428E-B933-29B995A5FFAD

Novia Foundation CIO Foundation CIO 1176128
Receipts andpayments accounts CC16a
For the period
from		 01/01/2022 To 31/12/2022

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest
£
6,696
-
-
-
-
-
-
-
6,696
-
-
-
6,696
1,500
64
-
-
-
-
-
-
-
1,564
-
-
-
1,564
5,132
-
-
5,132		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £		 Total funds
to the nearest £
6,696
-
-
-
-
-
-
-
6,696
-
-
-
6,696
1,500
64
-
-
-
-
-
-
-
1,564
-
-
-
1,564

5,132		 Total funds
to the nearest £
6,696
-
-
-
-
-
-
-
6,696
-
-
-
6,696
1,500
64
-
-
-
-
-
-
-
1,564
-
-
-
1,564

5,132		 Last year
to the nearest £
Fundraising 6,696 -
-
-
-
-
-
-
-
-		 6,696 -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Sub total(Gross income for
AR)		 6,696 6,696 -
A2 Asset and investment sales,
(see table).
- -
-
-		 -
- - -
Sub total - - -
Total receipts
A3 Payments
- 6,696 -
Charitable activities 1,500 -
-
-
-
-
-
-
-
-
-		 1,500 -
Bank fees 64 64 -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
**Sub total ** 1,564 1,564 -
A4 Asset and investment
purchases, (see table)
- -
-
-		 -
- -
**Sub total ** - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
- 1,564 -
5,132 - -
5,132		 -
- - -
-		 - -
- - - -
5,132 - - 5,132 -

CCXX R1 accounts (SS)

20/10/2023

1

DocuSign Envelope ID: FCE7F16E-2049-428E-B933-29B995A5FFAD

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Details
Details
Bank account
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
to nearest £
15,173
-
-
15,173
Agreement Error
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Fund to which
asset belongs
Fund to which
liability relates		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-
-
-
-		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-
-
-
-

Signed by one or two trustees on behalf of all the trustees

Signature Print Name
Lucy Bristow
Robert Vaudry		 Date of
approval
27/10/2023
29/10/2023

CCXX R2 accounts (SS)

20/10/2023

2