Overall GiG Score: 20 ?
Finance Score: 2
Governance Score: 6
Support Score: 12
  • Poor Liquidity: -1
  • Fundraising costs low: +3
  • Dynamic board: +3
  • Gender balanced board: +3
  • Grant maker support: +12

NOVA NEW OPPORTUNITIES 

NOVA, based in North Kensington, serves its poorest wards and those of surrounding London boroughs with on and off-site IT, numeracy, literacy and ESOL courses with integrated pre-employment advice, guidance, workshops, drop-ins and follow-up for the hardest to reach and unskilled gain the confidence and skills to move towards sustained work, further training and independence.
Analysis by Giving is Great

Positives:

  • Spending has increased over the last 3 years relative to the previous period
  • There have been no material income shortfalls in recent years
  • Fundraising costs are low relative to funds raised
  • A significant proportion of recent income was derived from major grant makers including the Government and there are significant future grants due to be received
  • The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Financial issues to consider:

  • Liquidity appears to have been slender at the latest year end
Established: 10 years

www.novanew.org.uk

admin@novanew.org.uk

02089602488

Charity Commission for England and WalesFacebookInstagramX
UN SDGs
?

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/03/23£592£604£-12£30£81£611.21430
31/03/22£592£642£-51£36£93£731.4830
31/03/21£593£502£91£11£143£1112.61756
31/03/20£428£425£3n/an/an/an/an/a75
31/03/19£440£495£-55n/an/an/an/an/a134
31/03/18£458£441£17£0£0£0n/a00
31/03/17£377£353£24£0£0£0n/a00
31/03/16£385£363£22£0£0£0n/a00
31/03/15£167£144£23£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 5.3%
Fundraising Costs/Total Spending: 5%
Senior Staff Costs/Total Spending: 13%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 21%
Liabilities/Income: 4%
Unrestricted Funds/Total Funds: 75%
Reserves/Spending: 1.2 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1.4
Asset Split ?
What it does
  • Economic/Community Development/Employment
  • Education/Training
  • Human Rights/Religious Or Racial Harmony/Equality Or Diversity
  • Other Charitable Purposes
  • The Prevention Or Relief Of Poverty
Who works here?
  • 14 employees
  • 30 volunteers
Who it helps
  • Children/Young People
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • The General Public/Mankind
How it operates
  • Other charitable activities
  • Provides advocacy/advice/information
  • Provides services
Where it operates
  • Brent, City Of Westminster, Hammersmith And Fulham, Kensington And Chelsea,

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years
National Lottery Community Fund£181,818
City Bridge Trust£157,500
Henry Smith Charity£129,000
Tudor Trust£92,000
Garfield Weston Foundation£55,000
John Lyon's Charity£53,000
BBC Children in Need£30,000
DCMS£20,000
Specific Donations
Amount When
Months
To be used for
Henry Smith Charity - Grant to Nova New Opportunities
£129,000 18/08/2023
36
towards three years' running costs of a project providing information, advice and guidance for people from disadvantaged communities in the London Borough of Kensington.
National Lottery Community Fund - Social Change
£151,818 13/04/2023
The funding will be used to hold more events increasing community benefits and help to develop skills in the community. The project aims to bring people together and develop skills in a ....more
John Lyon's Charity - SHAF grant to Nova New Opportunities
£4,000 29/11/2022
Christmas Holiday Family Programme
National Lottery Community Fund - Information Advice & Guidance
£10,000 30/08/2022
The funding will be used to hire an officer to support the group’s information advice and guidance. The project aims to increase the organisations capacity to provide debt management support for ....more
The Clothworkers Foundation - Grant to Nova New Opportunities
£10,000 21/07/2022
purchase IT equipment for a charity supporting disadvantaged minority communities in London
Garfield Weston Foundation - Multi-Year Grant (2 Years) award
£30,000 08/07/2022
Nova New Opportunities
Co-Operative Group - Grant to Nova
£3,000 23/10/2021
Nova supports individuals from disadvantaged communities, and we want to continue this work by covering the costs of sessional tutors, volunteer expenses, entrance fees, and travel costs.
John Lyon's Charity - SHAF grant to Nova New Opportunities
£4,000 09/06/2021
Nova Family Programme Summer Activities Project
National Lottery Community Fund - TEDx Ladbroke Grove
£10,000 12/03/2021
0
The funding will be used to stage a conference where local people can discuss the issues impacting their lives during the Covid-19 pandemic. The project aims to bring people together encouraging the ....more
Tudor Trust - Grant to Nova New Opportunities
£2,000 22/01/2021
as an additional grant to support staff, volunteer and trustee wellbeing, to assist the organisation deliver its charitable purpose more effectively
DCMS - Coronavirus Community Support Fund
£20,000 15/09/2020
"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more
BBC Children in Need - Grant to Nova New Opportunities
£30,000 31/07/2020
Covid19 - This project supports young people from black and minority ethnic communities in North Kensington with a range of activities promoting engagement in core subjects. They will have increased ....more
Tudor Trust - Grant to Nova New Opportunities
£90,000 05/07/2020
36
over three years as unrestricted funding for a charity supporting the community in North Kensington through the provision of information, advice and guidance, adult education, volunteering, social ....more
CAF - Grant to Nova New Opportunities
£5,000 29/06/2020
3
Grant to Nova New Opportunities to support the organisation through COVID19
City Bridge Trust - Grant to NOVA new opportunities
£7,500 09/04/2020
A one-off, unrestricted grant of £7,500, equivalent to one regular quarterly payment for the organisation’s current grant.
Garfield Weston Foundation - Main Grants award
£25,000 14/02/2020
Wider Community Programme
City Bridge Trust - Grant to NOVA new opportunities
£150,000 30/01/2020
60
£150,000 over five years towards WCP Programme Manager and new WCP Assistant.
National Lottery Community Fund - TEDx Ladbroke Grove
£10,000 25/07/2019
12
The project will use the funding to deliver a conference that will showcase community talent to create new business relationships, reduce isolation and encourage social change.
John Lyon's Charity - Main grant to Nova New Opportunities
£45,000 14/06/2019
36
Nova Family Programme
Lloyds Bank Foundation - Grant to NOVA New Opportunities
£75,000 22/03/2018
36
NOVA is seeking funding towards the salary of its Employment Advisor - Additional Needs who provides additional employability support to its service users who experience multiple barriers to ....more
National Lottery Community Fund - Nova Family Programme
£23,572 12/01/2018
10
Nova Family Programme
Tudor Trust - Grant to Nova New Opportunities
£25,000 11/08/2017
18
over 18 months towards the core costs of an organisation providing training, advice and guidance in a community setting in North Kensington, London
Tudor Trust - Grant to Nova New Opportunities
£75,000 03/02/2016
36
over three years towards the core costs of an organisation providing training, advice and guidance in a community setting in North Kensington, London
Tudor Trust - Grant to Nova New Opportunities
£30,000 28/03/2014
over one year towards the core costs of an organisation providing training in a community setting in North Kensington
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)
Current Trustees appointed
Gender Split

Legal constitution
  • Charity registered in England & Wales on 14/08/2014, number: 1158238
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Filing Record
9 returns made; all on time
Main office

NOVA NEW OPPORTUNITIES
2 THORPE CLOSE
LONDON
W10 5XL

Objectives

1. THE ADVANCEMENT OF EDUCATION IN THE BENEFIT AREA, IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING THE PROVISION OF:- EDUCATION IN BASIC SKILLS: INFORMATION & COMMUNICATION TECHNOLOGY (ICT), ENGLISH LANGUAGE AND NUMERACY- ENRICHMENT PROGRAMMES IN SCIENCE, TECHNOLOGY, ENGINEERING, ARTS & MATHEMATICS (STEAM)- LIFELONG LEARNING ACTIVITIES STIMULATING NEW INTERESTS, SKILLS, COMPETENCIES AND UNDERSTANDING 2. THE RELIEF OF UNEMPLOYMENT AND DISADVANTAGE IN THE BENEFIT AREA, IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING THE PROVISION OF:- INFORMATION, ADVICE & GUIDANCE (IAG) SERVICES- SUPPORT TO INDIVIDUALS EXPERIENCING HARDSHIP- OPPORTUNITIES FOR VOLUNTEERING, WORK EXPERIENCE AND OTHER ASSISTANCE TO INDIVIDUALS IN GAINING EMPLOYMENT3. THE PROMOTION OF RACIAL EQUALITY, DIVERSITY AND HARMONY BETWEEN GROUPS IN THE BENEFIT AREA, IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING THE PROVISION OF:- ACTIVITIES THAT BRING PEOPLE TOGETHER FROM WIDELY DIFFERENT BACKGROUNDS AND COMMUNITIES TO CHALLENGE STIGMA, PREJUDICE & INEQUALITY- WORKSHOPS AND SOCIAL CHANGE PROGRAMMES- DIALOGUE EVENTS WHERE INDIVIDUALS FROM UNDERREPRESENTED COMMUNITIES CAN ENGAGE WITH DECISION MAKERS4. THE PROMOTION OF SOCIAL INCLUSION IN THE BENEFIT AREA, BY WORKING WITH PEOPLE WHO ARE SOCIALLY EXCLUDED, RELIEVING THEIR NEEDS AND ASSISTING THEM TO INTEGRATE INTO SOCIETY, IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING: - DEVELOPING THEIR KNOWLEDGE AND COMPETENCIES TO PARTICIPATE FULLY IN SOCIETY AND PROMOTING OPPORTUNITIES FOR DOING SO- HELPING TO ADDRESS DIGITAL EXCLUSION THROUGH CONNECTING THEM WITH AGENCIES ABLE TO GIVE MATERIAL ASSISTANCE- BRINGING THOSE WHO ARE SOCIALLY EXCLUDED TOGETHER TO MAKE A MORE EFFECTIVE AND JOINED UP APPROACH TO ADVANCING ISSUES WHICH CONCERN THEM- EDUCATIONAL AND AWARENESS CAMPAIGNS TO ENCOURAGE SERVICE PROVIDERS, COLLEGES, COUNCILS, INSTITUTIONS AND BUSINESSES TO INCREASE OPPORTUNITIES FOR THOSE WHO ARE SOCIALLY EXCLUDED AND ADAPT THEIR SERVICES TO MEET THEIR NEEDS.FOR THE PURPOSE OF THIS CLAUSE ‘SOCIALLY EXCLUDED’ MEANS BEING EXCLUDED FROM SOCIETY, OR PART OF SOCIETY, AS A RESULT OF UNEMPLOYMENT, FINANCIAL HARDSHIP, POOR HOUSING, POOR EDUCATIONAL OR SKILLS ATTAINMENT OR BEING A MEMBER OF A SOCIALLY AND ECONOMICALLY DEPRIVED COMMUNITY

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

Tips for Selecting Charities

Which areas of philanthropy are most effective?
The text of this post is taken from an article on the Effective Altruism forum. It suggests that you can achieve the most impact by supporting causes that fight extreme poverty, improving animal welfare....more
Our Top Tips for Philanthropy
Here are some ideas to help you gain more satisfaction from your philanthropy and confidence that the causes you have selected are impactful. Engage your brain, as well as your heart You....more
How to become a Philanthropist
In this Blog we outline a strategy to help people who are new to philanthropy and for those who feel dissatisfied with the impact they are having. Effective philanthropy is immensely rewarding for donors,....more

Giving is Great