NOVA WAKEFIELD DISTRICT LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity maintained a healthy financial position with unrestricted reserves of £708,293, despite reporting a net deficit of £14,776 for the year. The trustees attribute this deficit to two exceptional unbudgeted expenditure areas and note that the reserves remain sufficient to cover six months of operations as per their policy. Per the trustees' report, the reduction in total income was largely due to timing differences and a restructuring of financial arrangements with an NHS partner, rather than a reduction in underlying activity.
What the accounts disclose
“One employee has employee benefits in excess of £60,000 (2024: nil).” — page 40
“One employee has employee benefits in excess of £60,000 (2024: nil).” — page 40
“Anthony Nelson (T/A ADN Enterprises) was paid £2,000 for consultancy work as part of the Thinking Differently project (2024: £4,000), £1,196 for VCSE Collaborative (2024: £nil), and £nil for development of 3rd Sector Framework during the year (2024: £9,750). The amount of £nil was outstanding at the year end (2024: £nil). In 2023/24, Progressive Talent C.I.C (Lucy Ndlovu) was paid £250 for training to support EDI agenda during the year. The amount of £nil was outstanding at the year end 2023/24.” — page 41
“Additionally, Nova incurred room hire expenses with related parties, amounting to £1,435 with Eastmoor Community Project (2024: £1,130) and £nil with Lightwaves Community Trust (2024: £139). No discounts were given for the hire of meeting room and facilities.” — page 42
“Anthony Nelson (T/A ADN Enterprises) was paid £2,000 for consultancy work as part of the Thinking Differently project (2024: £4,000), £1,196 for VCSE Collaborative (2024: £nil), and £nil for development of 3rd Sector Framework during the year (2024: £9,750). The amount of £nil was outstanding at the year end (2024: £nil). In 2023/24, Progressive Talent C.I.C (Lucy Ndlovu) was paid £250 for training to support EDI agenda during the year. The amount of £nil was outstanding at the year end 2023/24.” — page 41
“Additionally, Nova incurred room hire expenses with related parties, amounting to £1,435 with Eastmoor Community Project (2024: £1,130) and £nil with Lightwaves Community Trust (2024: £139). No discounts were given for the hire of meeting room and facilities.” — page 42
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (30/09/2013)
Trustees
- HAYLEY JANE GROCOCKchair
- Alexander Lee Baldwin
- Antony David Nelson
- CHRISTINE BANN
- Lucy Ndlovu
- Nicholas John Stubbs
- Sean Rayner
- USMAN ALI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.6m | £1.8m |
| 31/03/2024 | £2.1m | £2.1m |
| 31/03/2023 | £2.4m | £2.3m |
| 31/03/2022 | £2.6m | £2.5m |
| 31/03/2021 | £2.9m | £2.3m |
Common questions
Is NOVA WAKEFIELD DISTRICT LIMITED financially healthy?
The accounts state that the charity maintained a healthy financial position with unrestricted reserves of £708,293, despite reporting a net deficit of £14,776 for the year. The trustees attribute this deficit to two exceptional unbudgeted expenditure areas and note that the reserves remain sufficient to cover six months of operations as per their policy. Per the trustees' report, the reduction in total income was largely due to timing differences and a restructuring of financial arrangements with an NHS partner, rather than a reduction in underlying activity. Its FY2025 accounts were audited by Slade & Cooper Limited.
What does the highest-paid employee of NOVA WAKEFIELD DISTRICT LIMITED earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.