2021-03-31-accounts - The National Youth Agency

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		Page
Report ofthe Trustees
Independent Auditors' Report tothe Members		12
Accounting Policies		16
Consolidated Statement ofFinancial Activities
Consolidated and Company	Balance Sheet	20
Consolidated Cash Flow Statement		21
Company Cash Flow Statement		22
Notes to the Consolidated	Accounts
Trustees and Management		31
Principal Places ofBusiness	and Advisers	32

including Income and Expend orthe Year Ended 31"March	iture Acco 2021	unt)
		Note	2021	2021	2021	2020
			Unrestricted	Restricted	Total	Total
			6000	EOOD	6000	f000
INCOME FROIyh
Charitable activities:
Funds received for Activities			150	2,727	2,877	3,337
Investment income						2
Total Income			150	2,727	2,877	3,339
EXPENDITURE ON:
Charitable activities:
Developing a skilled and			65	1,253	1,318	1,256
effective Youth Sector
Workforce
Influencing practice through			20	569	589	326
policy and research
Creating opportunities	for young		20	65	85	1,441
people
Total expenditure			105	1,887	1,992	3,023
NET SURPLUS/(EXPENDITURE)			45	&40	885	316
Transfer between funds		14		(613)
Other recognised gains / (losses)
FRS 102 adjustment	re service
costs and interest
Remeasurement in respect of
pension scheme						1,071
Release ofpension liability			4.899		4,899
NET MOVEMENT IN FUNDS			5,557	227	5,784	1,387
Total funds brought forward			(4,117)	89	(4,028)	(5,415)
Total funds carried forward			1,440	316	1,756	(4,028)

CONSOLIDATED AND COMPANY BAlANCE	CONSOLIDATED AND COMPANY BAlANCE	SHEET
As at 31March 2021			Consolidated		Company
		Note	2021	2020	2021	2020
			f000	f000	f000	f000
FIXEDASSETS
Tangible assets		9	11	7	11	7
Investments		10
CURRENT ASSETS
Debtors		11	878	223	896	242
Cash at bank &in hand			1,151	1,023	1,137	1,008
			2,029	1,246	2,033	1,250
CREDITORS: Amounts	falling due within
one year		12	(284)	(382)	(284)	(382)
NET CURRENT ASSETS			1,745	864	1,749	868
NET ASSETSAVAllABLE FOR OPERATING ACTIVITIES			1,756	871	1,749	875
Pension disclosure in accordance with
Financial Reporting Standard 102:
Long term pension liability				(4,899)	-	(4,899)
Net liabilities Including liability	long term pension		1,756	(4,028)	1,760	(4,024)
REPRESENTED BYFUNDS:
Restricted funds		14	316	89	316	89
Designated funds		15	600	-	600
Unrestricted funds			840	782	844	786
FUNDS AVAILABLE FOR OPERATING			1,756	871	1,760	875
ACTIVITIES
Long term pension liability				(4,899)		(4,899)
Net liabilities including	long term pension		1,756	(4,028)	1,760	(4,024)
liab&hty

CONSOLIDATED CASH 31 March 2021	F	LOW STATEMENT
			2021	2020
			8	8
Cash flows from operating		activities
Net surplus/(deficit)			5,784	1,387
Adjustments for:
Depreciation oftangible fixed assets				7
Loss on disposal offixed	assets			10
Defined benefit pension	liability movement		(4,899)	(1,071)
Changesin;
Trade and other debtors			(655)	375
Trade and other creditors			(98)
Cash generated from operations			(753)	399
Interest received
Net cash from operating	activities		137	710
Cash flows from investing		activities
Purchase oftangible assets			(9)	(5)
Proceeds from sale ofinvestments
Net cash used in investing		activities	(9)	(5)
Net decrease. in cash and	cash equivalents
Cash and cash equivalents		at beginning ofyear	1,023	318
Cash and cash equivalents		at end ofyear	1,151	1,023

PARENT COMPANY CA 31 March 2021	S	H FLOW STATEMENT
			2021	2020
			E	E
Cash flows from operating		activities
Net surplus/(deficit)			5,784	1,387
Adjustments for:
Depreciation oftangible fixed assets			5	7
Loss on disposal offixed assets				10
Defined benefit pension liability movement			(4,899)	(1,071)
Changes in:
Trade and other debtors			(654)	375
Trade and other creditors			(98)
Cash generated from operations			(752)	375
Interest received
Net cash from operating	activities			709
Cash flows from Investing		activities
Purchase oftangible assets			(9)	(5)
Proceeds from sale ofinvestments
Net cash used in investing		activities	(9)	(5)
Net decrease In cash and	cash equivalents
Cash and cash equivalents		at beginning ofyear	1,008
Cash and cash equivalents		at end ofyear	1,137	1,008

				Unrestricted	Unrestricted	Restricted	2021	2020
						NYA
					f000	EOOO	EOOD	EOOD
	National	Citizen Service						1,080
	Telefonica/02					48	48	328
	DCMS					2,150	2,150	1,414
	The BigLottery					299	299	38
	Other				150	230	380	477
	Total				150	2,727	2,877	3,337
2.	Investment	Income
Investment Income is interest on short-term				bank	deposits.
3.	Resources	expended on Charitable	Activities


				Staff	Direct	Other	2021	2020
				EOOD	EOOD	EOOD	EOOO	EOOD
Developing	a skilled and effective			491	546	90	1,127	1,256
Youth Sector Workforce
Infiuencing	practice through		policy	216	107	80	403	326
and research
Creating opportunities		for young		269	107	86	462	1,441
people
Total				976	760	256	1,992	3,023

foll	ows and is allocated to acti	vities based on levels ofincome.
	Support cost		2021	2020
			f000	f000
	Rent, rates and office costs		68	192
	Printing, postage, stationery, and telephone		7	44
	ITand related costs		34	16
	Professional fees		57	57
	Depreciation		5	5
	Marketing and publications		8	1
	Irrecoverable VAT		60	52
	Other		17	28
			256	395
5.	Net Incoming Resources
Net	incoming resources are stated after charging:
			2021	2020
			f000	f000
	Auditors' remuneration	-Audit services	10	10
	Depreciation		5	7
	Rentals under operating	leases- land and buildings		80

Rate ofincrease	in salaries
Rate of increase	in pensions
Market value of	the assets at the date ofthe last valuation

	2020
Salary increases	2.4
Pension Increases	1.9
Discount rate	2.3

The assets and sche are:	me liabil	itIe	s	In the scheme	being the amounts recognised	in the balan
					2020
					Fund
					value
					6000
Equities				6	892
Bonds				10	1,631
Investment funds and		Unit
Trusts				74	12,439
Property				7	1,249
Cash				3	500
Fair value of plan assets				100	16,711
Present value obligations	offunded				(21,610)
Net Pension (Deficit)/Surplus					(4,899)
Analysis ofamounts	recognised			in the Statement ofFinancial activities
						2020
						f000
Current service cost
Losses and curtailments			and settlements
Contributions	by employer					141
FRS102adjustment						141
Interest cost						(141)
Remeasurement	on scheme			liabilities		3,191
Remeasurement	on scheme			assets		(2,120)
Total remeasurement		on	defined benefit		pension scheme	1,071

REPORT AND FINANCIAL STATEMENTS:	NATIONAL YOUTH AGENCY	31MARCH 20
7. Pension scheme (conenued)
		2020
Reconciliation ofdefined benefit obligations		f000
Opening defined benefit obligation		24,883
Current service cost
Interest cost		590
Actuarial (gains)/losses		(3,191)
Contributions by members
Benefits paid		(672)
Closing defined benefit obligation		21,610
Reconciliation offair value of plan assets
Opening fair value ofplan assets		18,913
Interest cost		449
Contributions by the employer		141
Contdibutions by members
Actuarial gains/(losses)		(2,120)
Benefits paid		(672)
Closing fair value ofplan assets		16,711)
Amounts forthe current and three previous	periods are as follows:
		2020
		F000
Defined benefit obligation		(21,610)
Fair value ofplan assets		16,711
(0egcit)/Surplus		(4,899)

oper	ational directors during the year was asfollows:	,
		2021	2020
		FTE	FTE
	Total	16	26
The	aggregate costs ofthese persons were as follows:
		2021	2020
		f000	f000
	Salaries and wages	701	822
	Socia Isecurity costs	71	75
	Pension costs	190	197
	Other staff related costs	14	39
	Total	976	1,113

	Computer	Fixtures and
Company	equipment	fittings	Total
	E000	6000	E000
Cost
At 1April 2020	43		50
Additions	9		9
Disposals
At 31March 2021			59
At 1April 2020	36		43
Charge foryear	5		5
Dfsposals
At31March 2021	41
Net book value
At 31March 2021
At31March 2020

btors
			Consolidated			Company
Amounts falling due within		one year	2021	2020	2021	2020
			EOOD	f000	EOOD	EOOD
Trade debtors			45	144	45	144
Other debtors			3	25	3	25
Amount due from subsidiary		undertaking			18	18
Prepayments	and accrued income		830	54	830	54
Total debtors			878	223	896	242

	Consolidated	Consolidated		Company
	2021	2020	2021	2020
	f000	EOOD	EOOD	f000
Trade creditors	82	3	82	3
Other taxation and social security	42	57	42	57
Other creditors		6		6
Accruals	109	254	109	254
Deferred income	51	62	51	62
Total	284	382	284	382

	Consolidated		Company
	2021	2020	2021	2020
	f000	EOOD	f000	f000
Broughtforward	62	116	62	116
Utilised	(62)	(116)	(62)	(116)
Arising	51	62	51	62
Total	51	62	51	62

			At				At
			31March	Incoming	Outgoing	Transfer	31March
			2020	resources	resources		2021
			E'000	E'000	E'000	f'000	f'000
Developing	a skilled and effective		81	1,763	(1,253)	(307)	284
Youth Sector Workforce
Influencing	practice through			807	(569)	(245)
policy and	research
Creating opportunities		for young		157	(65)	(61)	32
people
			89	2,727	(1,887)	(613)	316

Census and Associated Research	Census and Associated Research	f200,000
Impact & Evaluation	Activity	6200,000
Amplifi		F100,000
Safeguarding & Risk	Hub	E 50,000
Digital Investment		E 50,000

		2021	2020
		f000	f000
income
Resources expended
Net (Outgoing)/	Incoming Resources
Assets		14	14
Liabilities		(18)	(18)
Funds		(4)	(4)

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	EOOO	f000	EOOO
Tangible fixed assets	11		11
Current assets		316	2,029
Creditors less than 1year	(284)		(284)
Net Assets	1,440	316	1,756