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