National Youth Agency THE NATIONAL YOUTH AGENCY (COMPANY LIMITED BY GUARANTEE) Report of the Trustees and audited financial statements for the year 31 March 2023 11111 1111 •ACIZVLDT• 2311212023 ¢cpANIEs HOUSE
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REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTh AGENCY 31 kWiCH 2023 Report and Financial Ststements 31 March 2023 Cotttents Report of the Trnstees IndeperKlent Alit0. Report to the Membefs AcuntIng Policies Consolidated Statement of Financial Athil 13 17. 20 Consolidated and Company Balan STr8t Consolidated Cash FI Ststement 21 Company Cash Flow Statement Notes to the Consotidated Accounts 23 24 Trtsslees and managnent Principal Place3 of Business Advise 31 &p?Jl & FiRairt4HI S-.aiEmeW' 31 Maren YJ23
REPORT AND FINANCI STATEMEiifs: NATIONAL YCXJTH AGENfY 31 PAARCH 2023 1, Report of theTrustses 22123 Introduttlon The TteeS present their annual report (indudiThJ the diiectorn. report as required by Company law) and audited ffinancial ststemtsnts for the year ended 31 March 2023. Rèlefen¢• and Adminlgtratlv• Inforniation The National Youth Agency (The NYA) Is a company limited by guarantee with a company registration of 2912597 and is registeied with the Chatity Commission for England and Wales under numbef 1035804. NYA TradirvJ Limited is a 100% Ixved tradiNJ subsidiary of The National Youth Agency arKI Is a rThipany reglstered in England and Wales under number 07570045. Details of tho Twstees for both organisalions are provided on pages 31 and 32. Principal places of bu&ness and prof85sional advisers ol tha chanty are shown on page 33. StruCre, Governance and Managem•nt National Youth Agency operates wiihin its V£moraTrJuffl Arttcs of Association which are registered wilh Companies House and the Charity Commission. Trustees ¥tho hekl office during the year are detsiled on page 31. The Chair is selected by the other Tfustees either from the exislin9 Tfuslee Board or Ihrough extemal recruitment. The Trustee 8oard is responsible foi the strategic dir6dK)n of the organisation and ensurin9 it is financially and operationalty sourKI In all its policies and practices. The aoard holds It Chlef Executive arxl team to acUnt in this respect. The Current Chair 8art)ara Bradl&y stepped down in November 2022 after serving on the NYA Trustee Board for seven years and extend our heartfert thanks for her steerage and support through this ts'ffle. As an terim step. one of our vitschaits and our Chair of Finance committee, Toby Ducker, stepped up lo act as Chair of Trustees. supported by Carol Stone as vie&Chair. Sl[y. whllst ctcurring post year end. in May 2023. Toby died unexpectedly which has been a huge loss and heavity felt by all at pffA. We are grateful to Carol Sone for stepping UP to support us and she remains interfm Chair supported by Math Norrfs as vice-chalr. As such Carol Stone is the swnatory for Ihe a1rted accourbts 2022r23. The Board ol Trustees has In place a Nominations and Procedures Committe8 0(nown as the Peoplfr Committee). Part of the remil of this Commltte8 is to make recommeIatIonS to Ihe Board on the appointment reappoini)nenl of Tfustees. having regard at all times to the provlslons of the Memorandum arHI Articles of Assocladon. Consideration is gNen to the composition of the Board in terms of the collecttye skills arKI experience required to support the NYA'S operational str81ogy arml to ensu its charitable aims are delivered. Four new trtsstees We appointed at the February 2022 Board of Trustees honce no rbew recruitment has occurred in the financial year 22123. IYA Pépoi: 8 Fmenubl Swoiiie.IL 31 fvIar 2Qry3
REPORT AND FINANCIAL STATEMENTS.. NATIONAL YOUTH AGENCY 31 MARCH 21yrJ The Board regularly undertakes reviews of its perlornan through a process of self- assessment again51 key objeGlives. The Board of Trustees is supported by an Audit Committee which is responsib for ensuring the safeguarding of the charity's assets. A Fifiance & Govemance Commlttee advises the Board on financial matter3 and the ffleMbe of these committees a shown on pages 31 and 32. In addition. SubrOupS are established to support the Executive team in our Growth (business development and lundraising>.. tyjr Impact and to support on matters relating our people (HR). Duftng 2022-23 Ihe authority to conducl the daY-tcaY aclivities of the organisation wa5 delegated by the Board to Mr Leigh Middleton who is the Charity's CEO. The Chief Executive is responsible for the implementation ol the strategy and policies agreed by the Boafd. remuneration of key management personnol is set by the Board, with the policy objective of ensuring that they are provKled %ith appropriale incentives to encourage enhanced perfomiance and are, in a faif and responsible manner, rewarded for their individual contn'butions to the Charity's success. The appropriateness and levanCe of the remuneration policy is reviewed annualfy includiThJ referenc8 to comparisons with other arities to ensure Ihat the Charty remains sensrtwe lo Ihe broader issues ol pay and employment conditions elsewhere. In Ihe previous accounling year, in February 2022 trustees provided a 7% pay lift for all staff. This vrds in fecognition of the cost-of4r4ing increases Ihat all faced. arKI that NYA held reseThes and pipeline to provide confidence to award this level. Glven the ongoing pressures in year and NYAS continued financHI health, the Board awarded all staff an additional increase of 3% in Othbef 2022. We ain to re(xuit, subject lo eXpenen1, 8t the lower to medium point wlthin a band, providing scope to be rewarded for gffjwth in role with additional spOnSIbl11t[es. Delivery of the Chaiity's tharitable ¥i5ion and purpose is primarily dependent on our key management personnel and staff costs repfesents a slgnificant proportion of our charilable experKlibJre. Through the 2022-23 period, NYA continued to exparKI the staff base in line with the increased activity and lundiry received. We %ent from a head count of 31 in April to 60 by the end of the year arKI were delighted to have 17 young people within Ihal numbei. working as Young Assessots lor Ihe yOh Inveslment Fund activity. The Trustees regularty consFder the major strategic, business. and operational risks fadng the organisation. and these are reviewed by the Finan Commlttee quarterty and managed by the Executive tearn. Trustees pay particular altention to financial risk and the impacl ol fundlng changes. in particular.. The impact of a reductiDn or diseontinuakni of Income frorn one of its major funder5; NYA has explored ways io activety diversrfy its inccffie base in the last few years. This work ha8 bagn led by the Oirector of Gr<y4Ah who is implementing a strateglc plan to secure a depth and breadth of funds. In FY 22123 we engaged a major corporate partner, and thi8 has 8volved to bring a balance to our re t)CMS granL IVA Rew 8 Fin.2laISt4t•ThlénL 31 k4*ch 2023
REPORT AND FINANCIAL STATEMENTS: NATiowYoufH AGENCY 31 IWICH 2023 Insolven. cessation of trading by delivery partner or outsource provider. NYA malnlains strong relatK>nshlps with 5gnior staff in these organ&itions and active monitors perforrnance within Ihem. Reputalional risks range from Specif inc4dents within programmes (e.g. safeguardin91 to much wider reputation management challenges. Pollcles are in place lor safeguarding and media management artd large programmes %Ye run have a crisis plan in pla. Cyber iisks with the increasing use of dlIa1 and expansion of data colledon. As NYA has expanded its digital footprint through evolution ol delivery and support plalfomis, it secUd a Digital Development Manager in Decembei 22 and seCUd the Cybei Essentials Plus krtem¥rk during the same rnonth. AeiNe financial rnan8g8ment to ensure re8eNo levels are within serye policy guidelines and sufflent to meet the organisation's commilments. 1.4 Oblectlv88 and Aclivities The objects of the chanty orwj limited company. as set out in ts goveming document. are: To maintain en Agancy forthe benefft of lh8 communily in gen8rn1 and young pfjoe in particular as a Cen for 8SSiSt8nce in the lrnining ofyoung peopl& so as lo develop theirphysic81. mental and swrilu81 capacities. We a very serious about youth wo, enabling y¢)ury people to believe in themselves and lo prepare for lrfe. Educatofs. policy makers and empk)yers 815 have ¢Tucial roles to play here. Youlh woth focuses on working holistically with young peop. It's about building resilien(¥ and character and gi¥ing young people the lrfe skills (often totally misleadingly described as "son. tlw need to live. leam. work achieve and interact successfully with other people {see ¢)ur definllbrJn3 of youlh The National Youth Agenty is the nab.onal bty arKI Professional Statutory Regulatory Body (PSRB) in EfwJknd for this imp)rtant, under-recognised discipline. We have taken the lead in ch8rnpioning rt for nearly sixty years. Bul as the choi$ and challenges facing young people get more darnanding and the public fuThding to SUPPOrt them has decreased In the previous decade, our mission gets more uroent every day. Our miysion is to transfonTr the lives of young people through the pcw4er of youth worfr. We do this through". Influenclng practico through policy and rego•rGh - showcasing great praciice: incubating neyi approaches, lebrating its many thousands of pracbiioners, and winning more understandiNJ of the value and depth of the diS¢ipline among policy makers, educators. and ernployers. D•v•loplng • Skilled & effectlvo youth sector WOfkforce- trainlng youth worke. setting occupational standatds. offering ac¢reditalion for professional development, and constsntty researching, innovating. and improviNJ the methodologies and PfactKe of youth woth in 811 its forrns. RewAt & Financial 31 t.trrch 2023
REF>ORT AND FIIi4ACIAL STATEMENTS: NATIONAL YOUTrI AGENfY 31 MARCH 2023 Creating opportunftles for young people- makln9 St happen through our networks of front- line youth woth pmvtd8rs, our deep experience of managing complex projects and IhroL4h innovative be-ups and fundiThJ arrangements with imaginatlve commercial and public sector partne. Durlng this reporting year. NYA mid-pornt in the delivery of our fNe-ye8r strategy shaped around the above. Ho¥er. we re alEad in terms of the achievement of strateg1¢ obledive¥ (80%). The in-year woth is detailed in sedion 1.6. and rellects thal os the paThJemic subsided, NYA rellected on our role, alongslde our partners and stakeholders, in supporting groat youlh work to happen across England in a much- allgnged landscape. 1.5 Publlc Ben•fit IffA woths in accord8nce with the Charity Commission's guidan which requi8 clarfly In Ihe public b8fil aiisirvj from the organisats'on's work arnj dearty Identifd public beneficiaries. NYA'S worf¢ in leading and deloPIr the seclor drives the qualty and refevancé of youth work aeross England: Training those woting vth young people to have the knoWge, skills, and nfidence to deliver high qual"ty, impadful services, bulld on the r*eds of young people. Increasing safe practice by buikling training speaficalty for saf•Juarding and risk manageffent In youth work environments. NYA'S work also meets this public benefft requirement in all ts direcl delivery programmes with young people.. Supporting young people's s.1 development as well as praclical infomation to help with employment so they aro bettec able to enter the job market. Educaling youThJ people in financial manayement techniques in order that Ihey can ore easily transiti.on into adumhood and lrfe as an employee. SupportiTrJ Sla1 integration by bullding young people's confidence. sem-belief. and expeiience in mixing with Othe from differenl backgrounds. Working with marginalised and disadvantsged yourvJ people to understand the challenges Ihey face in getting invofved in social ath'on projects. Giving young pe¢Jple a rneaningful vo£ in the world arKI ensuring they are involved in the development ol seTrices Intended for Ihem. IVII RD fl & FifiaAcial Sl312rner.1' 31 IAaich 2V13
REPORT ANO FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2023 1.6 AGhievements and Performance Context The Covid-19 pandemic continued into this pOrtIng year aNI NYA led on the provision of guidan to enable the youth sector to naVale how to safety enable serlices to young people during this b'me. This ceased around August However, the impad of the pandemic continued with the youth sector faung challengos in fvnding and in workforce. both recrultment and retention. These remain key factors within our stralegy to support the rebuild of youth work across Énglan(l. NYA posilioned grass Foots organisatsons al the heart of our decision making in year. A 6-monlh research rep)rt explore(I the realities ancl needs of grass foots organisations and resulted in the 'Joining the Dots, reporL This has infomied our focus in year and how we have shaped the forthc¥Jming stralegy 2¢29. During financial year 2022r£3 NYA built on the foundatlons from the previous weporting perlod and secured a numbef Ot important contracts lo support our delivery and impacL In Juty 22, NYA was sub-contracted as a key partner in the Sorial Investment Business successful bKI to deliver the DCMS Youth Investrnent Fund. This programme Is the largesl single investrnent in youth work infrastructure (£368m) to deliver a programme that wlll build or reIurbh 300 youlh facilities in England. NYA are positioned r£ntralty to steer and support the futu expectaiions of quality. youth engagement and praclice within the funded programmes. NYA is the lace of the programme to the youth sector and 22123 is year one of this three-year progiamme. The start 012022, opened a new opportunty to work with Natwest aTKI Marcus Rashford to design and deliver a programme called Thrive, working with 20 communty youth groups across England. Following a successful pilot phase April-september 2022, NYA worked with Natwest to expand our partnership to encompass volunteering and flow three million pounds of Natwest apprenticeship levy io support the youth secior over Ihe next three yea. Contracting was agreed by the end of March for Initialion at scale from April 23. All Ihfee strands support our slrateglc aims. and the Levy in particular 59 a key step in openir diffe1 funding pathways to build the youth Wofk workforce In the fulure. Voltsnteering brin9S Opportun"eS lo¢ youth Pfoieds to access professional ski115 {matheting, finan, legal and HR) and youth WO skills where staff undertake tralning DCMS also moved to a th-year lunding grant ¥*tth NYA in recognition of the need to drive forward capacity building wilhin the youth sector and drive up the quality of delivery through support, resour, and training. This inve5trnent is central to our work as the professional body for youth work in En9land and provides the conf#Jen for NYA to push forNard v•ith ambi0v5 plans. The key themes wthin this aside from our 8ssenb.al Work for qualifications review, evolution. and validation, are Cufricultsm for youth woth, the safeguarding and risk hub. a nats'onal census and a Youih Worker Reglster for professionally qualrfied workers. CollectFvely these three strarKls secured NYA fin8ndal stabilty for the next three years, NYA invested deslgnated reser¥es to support growth of d¥ital technologies and tools lo strengthen youth sector. A key part of this was the build for a new integrated wel platfomi called Youth WO One (YW)).11 was designed to be a praclitionerfs siNJk pla fieport $ Financial senr 31 ltyla(d: %rv.
REPORT AND FITrIthICIAL STATEMENTS: NATIONAL YOUTh AGENCY 31 MARCH 2023 to go to access support. tralning, resources, professional dial(MJue, events and house the Census and Youth Work Register. This 15 branded neulralty to create a shad sector spa populated by our partners and collaborators. This will be launched within the financial year 23124. Our trainlng Academy has also continued to Offer DCMS funded bursarles to over $70 learners, groups. The NYA wothed wtth regional partners to fkm d¢y4¥n and Invesl In local training providers. The NYA'S goal is lo strengthen local infr8siructure through national co- ordination and investment ar¥J the buary is a key part of Ihe strategy. The Academy ha$ grown its free CPD offer and transllloned to a new Leamir#J Management System. It also h8s a focus on c¥)mmercial contracts to support youlh related organisations to grow their stafl level of skllls and knchvleilge around youih WO methodol¢gies and practica, In lino wilh Ihe flnanci81 grthyth. the NYA urKlertook a review of capacty and planned for expansion to support our delivery aThl infrastrncture. This decision was made to both fellect Ihe increased need ol stafl for contracted work and also as an investment to grow. This Included a Poticy and CommunicatK)ns Direclorat8 Withln the NYA arKI newly fotrned post8 focused on knowledge and data. The operational struthre was strelhened to rellect the scale of difect delivery yet also to the core support for 8 larger organisation. This resulted in the appointment of an HR Managei and a Digital Development Manager. Koyachiev•ments andp•rfomMn¢e Highligh15 of year inclLKJed'. Dolivering a 8kill•d & offoclivo youth Soctor workforce: Delivering a series of developrnents to urKlerpin the development ol the youth workf0e (DCMS). Crealed 22 modules of leaming to infomi the pilot for a level 415 DCMS bursary lunded pathway. Renewed vadatiOn guKlance to support the introducb'on of level 6 apprenticeships as a pathway to professional qualification, o Fosed support work wilh higher education Pfovidets and empk)y8ts ahead of the Introduction of level 6 apprenticeship to engage both in t provision and support of the leaming pathy. Evolutron of the National Youth Work Curriculum including as an online tool, working with the sector to infomi arbd build resou(S lo enrich the tramevIk. resuliing in an add"Onal 20 resources to address immediate issues. such as cost of living crisis for your¥J people. o Currlculum briefing papers wiitten lo support delivery - social care. health. youth justice, edu(3tion arKI c¢)mmissionef5 and funders. Development of Practice Slandards to repla Covi&19 gtsKlance to support conty.nued best practice in youth wo(k plannlNJ and delivery. Development of an online Safeguarding and Risk Hub for Youth Wort(. Online webinars 8nd diseussion forums to support youth w0er8 share, le8m and eo-SUPPOrt across a range of key Issues and practice speoalisms, Secured and initiated delivery. in partnehIP with Regional Youth Work Units, of an addrtional 570 Pla for youth VK+rk bufsaries at level 2 and level 3. Re1 l Flnpn*lSiatemenl" ol M8rch 2023
REPORT AND FINMIC1 STATEMEfrifs: NATIONAL YOUTH AGENCY 31 MARCH 2023 Consullation and draftjng of a w0for strategy to guide sector WKle a¢livity to secure and grow the profession of youih work ovet the c¥)mirvJ years. Through our Educatlon and Trainlng Slandards Commttt•g NYA led the sectorfs thinking and development In workforce mattets. Through NYA the committee undertook validations of higher education youth and cofflmunliy work courses during 2022-23, completed the annual monitoring report to both qualty assuce learning progfammes and assess current levels of learneT3 Wthin level 6 and 7 programmes and the opporbjnilies and challenges for training provtders. The continued build of level 3 aNJ level 6 apprenticeships a5 a much-needed gateway to exparMI routes into youth work. Continued grothth of the Safeguardlng Hub with resources and ad¥1 t¢ support best practice in risk management and safeguarding. Devel¢)ped the blufrprlnt for an NYA Natlonal Register for Youth Workers. providing feco3nrtton and en(brsernent of professional status {1gvel 617) for youlh wofkers in England. Influencing practice through pollcy and rearch. Facilitating coftftedivity and voice for lead slakeholders through the National Advisory Board, confECtin9 lead nalional and regional organlsations with pollcm maker5 afKI luThJers to brir¥J a collective discussion around youth serVIS and young peopla. Supported, infom)ed and adVoted for the revision of Statutory Duty for Y¢Juth Work (507b) due for issue in FY 23r24. Launched the Nal"tonal Census and Workforce stralegy. Hosted Youth Work Week 2022. themed as Festival of Youth Work, celebraling youth wothers and th8 young people they support. Funded the Join the Dots report to explore Ihe realilies and needs of grnss roots youth work across communities vrith fecofflmendations to infonn our futu strategy. Held 9 events across England engaging 7(10 individuals. Working with our Regional YoLrth Wofk Unit partners to facilitsle dtscussion and debate on fronlline 5eNices to add insights to the Join the Dots repo Secured NYA as Host fof the lorthcoming Commonwealih Conference for youth work to be do1iv•red In 23r24.Thi6 18 a great honour for NYA and we exct to explore youih work practi *ith 250 del&3ates from 56 o)untrie5. Cweatlng opportunllles for young pooplo: NYA cmtlnued to develop the amplifi pr&Jramme for youTrJ people wlth a focus on youlh work as a tool lo support young people toward next step$. The Thrive pilot programme with Natwesl benefitted around 81X) young people. Wothed in an advisory capaoty wilh StreetGames to support the new National Cittzenship Service grant pro9ramme thal aims to fiow £10m into c4)rnmunitie$ to provide yeaf40ufKI NCS experien fof young people. jNiVA RepA &FinJioai StsieffleDt 31 11a{1 3Wi3
REPORT AND FINANCIAL STATEMENTS.. NATIONAL YOLTTrI AGENCY 31 MARCH 2023 Financial Review and plans for firtur• porlod• The position of the 9roup and the charity at the year4nd is set out on page 21. NYA'S total inL¥Th in 2022-23 was £3.787.000. The prinelpal Sour of income were from the OCMS and Youth Investrnent Fund, via Social Inveslment Busirtess (SIB). Total expenditure of £3,886,000 on charitable 8Ctlvlls resulted in a deficit position of-£99,000. The Board of Truslees has discussed Ihglgvel of appropiiate reserves heading into the financial year 23-24 and has agreed to designated reserves up to £200,CK)O to fund the amplffi programme, digitsl development across the Youth Work One platform and scope options for building best pcadice and approaches for dlgtsl youlh work delivery in the coming years. It continues to be a difficuft fvnding landscape for charities a1 generating new income support continues to be the agency's 9alest challefwje. At the end poinl of 22123 NYA was successful In securing the incofne required for the finandal year ahead, largely due to the thre8 main funders of DCMS. Natwest and SIB. These three-year term contradslgrants have been central in NYAS cap8Clty to respond lo the rfftds of the sector, locus ort their charit8ble objects and Ixeate opportunities for y¢)ung people. The focus is now on sustaining and buikling those relationships for loThJer term security alongside diverslfying income streams to safeguard NYA should any funder not continue. Res•rv Trtsstees agreed a revised tsrget of a minimum of £450.000 for 2022-3 for Unst11cted reserves. The purpose of this reser¥e is to provide w01n9 ¢aPital lor the Charity arKI ensure that it vffjuld be able lo manage a shutd(hvn of the organisation in the event of any sthlden downtum in funding or calls on its resources. As at 31 March 2023 the group had total serVeS of £1.784,000 (2022 £1,883,000). Of this tolal, £1.247.000 Wfesenled unrestricted fvnds and £537.000 represented restrtcted lunds. From the unrestri¢ted reserves, £200.000 ha5 been made alkKated as designated reseryes {note 15) - funds which wll be spent during 202>24. This refiecls the organFsations' cnmmibment to hold a robust18vel of free reserves for operational purposes whilst balanang the netd to invest in acti¥ty that furthers Our chaiiiable obiedives. The Board is cons¢icMJs that the NYA'S income fr(Mn key sources is highly unevgn and time between Paents1a9reernents can be lengthy. To mibgate the cashfiow risk. the charity holds a higher than ideal level of free cash reserves. t)etaifs of the restricte(l fijnds are gNen in rK)te 14. Free reserves at the yearrKI (unrestricted funds not designal&J or tied up in langible fixed assets) were £1,015.000 (2022 £609.000}. IYA R¢?nn 8 Finanei sM+iL 31 11s-.ch 7JA3 io
REPORT ANO FINANCIAL STATEMENTS: NATICML YOLrrH AGENCY 31 MARCH 21)23 Future Plart8 Our pnm8ry focus entering FY23f24 is to dallver excell8nco across our funded programmos and WO to retain our relationships with key funders so that we have the security for longer tenn planning across our strategic aims. We will also continue to explo h(M we evolv8 Our commerelal offer, gr£ our Academy and ftow investrnents into communitres through our partnership work. We will, as ahvays. continue our research and policy WO to make the case for youth work and stress the need for finarKial support for youih work and services to young people. The forthcomiw Cornmonweallh youth Wofk conference provides a unique opportunity to engage policy makers and practitioners fr across Ihe globe to sh8r6 arKI inform Our undet5tanding and highlight the opportunities of youth v*)rk. We are also committed to supportin9 the DCMS on the planned launch of a strengthened slatutory duty for youth wo and have a progrdmm8 of ¥j to provide guid8ti¢e and materla15 to support Implementalion through seThiGe raview and development. Slatement of Trustees. Rospon81bllltbos Charbty arKI Company law require the Twstees to prepare finan¢lal statement8 for each financial year whlch gNe a true and faif view of the Charitys financial aclivilies during ihe year and of lis financial positron at the end ol the year. In preparing ihe financial statements giving a true and fair view. Ihe Tnjstees should follw besi P(8Ctrx and are (equired lo: select suitable aceounting policies a1 then appty them Consistentty; make judgements and estimates thal are reasonable and prudent., slale whether applicable accA>unting stsndards and statements of re(x)mmended practice have beon followed. subject to any departures disclosed 8nd explained in the financial statnents. and, prepare the financial statements on the going concern b8s1s unless it 1$ inapproprl8le to presume that the charlty will continue In opeFation. The TDJstees are responsibl8 for keeping accounting records whlch disclose with reasonable acturacy at any time the financial position of the Charity and which enable them to ensure that the financial slatemonts comply with appllcabte law. They are also responsible for safeguarding the assets of Ihe Charity al hence for taking reasonable steps for Ihe preventlon and detectn of fraud a1 other iiregulanties. The Trnst are responsible for the maintenan¢X and integrity of the corporate and financial Inlorniation included on the Ch8ritVs website. Legislatlon in the Unlted Kingd( goveming the preparation and dissemination of financial statements diffei frc legislation in other jurisdidions. In so far a$ the Trustees are aware: o Ihere is no relevant information of whkh the charity's aUdrt0 are nol aware: and, Rop>n 8 Finaqcwl S.'alEmeDL. JI M-,-rch 2023
REPOR.T ANO FINANCIAL STATEMENTS." NATIONAL YOUTrI AGEKY 31 MARCH 223 o the Trustees have taken all steps that tY ou9ht to have laken to make themselves alyare of any relevant audil Infomiation and to establish that the aiMJitor is aware of Ihat infomiation. 8•$1$ of accounting The annual financial statements are attached lo this report. These have been prepared in accordance wlth the policies summarised on pages 17, 18 and 19. Thls POrt has been prepared In accordance wilh the special provisions for small companies under Part 15 of the Companies Act 2006. ,By order of the 8oard 1 6tyZg4 Carol Stone (Chair) 10111113 11111 Repor. & Firtan¢141 SièiemeT¢"' 31 P¥larcl) 20?J
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2023 IndependentAudllor's report to the members ofthe National Youth Agency Opinlon Vve have audited fin8ncial statements ol the NaIr* Y¢yJth Agency (the 'parent charitsble companl) and its subsidiary (the 'group') for lh8 year ended 31 March 2023 which compfiso thg group Statement of Financial Acti¥llies, group and parenl charitable company Balan Sheets. group and parent company Cash Rows Slatements and noles to the financtal slalements. induding a surnmary of slgnlfKant accounb'ng policies. The finan¢lal pOrtIng framework that has been applied In th&r preparab.on Is applicable law and United Kingdom Accounting StsrKlards. Including Financial Reporting Standard 102 The Fin8ncial Reporti St8nd8ffl applicable in Ihe UK 8nd Republic oritsland <Unrted Kingdom Generally Aoxpted Accountlro Pwlice). In osjr opinion the financial statements: 0 give a true arKI fair view of the stale of t1 group's and parenl charitable company's affairs as at 31 March 2023. and of the group's inrAxning resources and application of resources, includiTh3 its incorne and expendFiure, for the year then erKled,' have been propety prepared in accordance with United Kingdom Generalty Accepted Accounting Practi. and have been prepaced In accordaneé with ts fequirements of Ihe Companles Act Ba818 for oplniori We corKlucted our audit in xcordancè with Intemalional Standards on Audiling (UK) (ISA8 (UK)) and appli(ble law. Our fesw)nsibilities under those starvjards are further descfibed in the Auditorfs responsibilities for tha audil of the financial statements section of our repo We are Independent of the group arKI parent charitable company in accordance with the ethical requirements that are relevant to our audit ol the financial slatements in the UK. including th8 FRC'S Ethical StarKlard. and we hav• fvifilled our other othical responsibilitles in accordance wlh Ihese requirements. We bel¢ve that the audit evthnce we have obtained FS suffidenl and approprlate pfovKle a b8815 for our opinlon. Concluglons rglating io going concem In auditi'ng the financtal stalemenls, we have nCluded that the Iwstees, use of the golng concem basis Of acMuntin9 in the pieparalion of Ihe financial stalements bs appTopriate. Based on the work we have performed, we have nol identffjd any material uncertainlies relating lo events or corKlilion5 thaL Indivwjualty or collerAively. may cast significant doubt on the charitable company's abllty to continue as a goiThJ concem for a perlod of at least twelve months Irom when the financial statements are authorised fof issue. Roptrt S Financial Slai8meDI' 31 2024 13
REF¥)RT AND FINANCIAL STATEMENTS.. NATIONAL Yoimi AGENCY 31 MARCH 2023 Our resF)onsibilitie$ and the responsibifrfies of trustees wtth respect to going concem are described Sn the relevant sections of Ihis repo Other Infomiatlon The trustees are responsible ft)r the othef information. The other Infom8tion comprises the infomiatSon included in the trustees. annual report. other than the financial slatements and our auditorfs report thefeon. Our opinior on the financial statements does not covei the other information and, excepl lo the exlent othertryise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In con1110n wlth our audit of the finandal slatements. our responsibifity is lo reJ the other infomiation arKJ. In doing $0, ¢onslder whether the other information i8 materially InnSIStent the financial statements. oi our knowledge obtained in the audit or Otherlse 8ppearyJ to be materialty misgtated. If we identify 8uch material inconsistenc*s Of apparent material misststements. we are required to deteIne whether there is a material misstatement in the financial statements or a material mtssl8tement of the other information. If, based on the VK)fk we have perfoInl. V conclude that there is a material misstaternent of this other information, ¥ are r8quired to report that fact. We have nothlng to report In thls 99rd. Opinions on other matt•rn prnscribod by the Companios Act 2006 In our opinion, based the Tk undartakgn in the cour58 of tho audit o the infofmation given in the tyustees. report (ineorporating the direclors. report) for the finanfial year fly which the financial statements a prepared is consistent v•ith the financial statements,. and o the directors. report been pPared in aC[danCe with applicable legal requirements. Mattorn on which wo ara r•qulrnd to rnport by •x¢option In the light of our knO¥dge and untlerstandlng of the group and parent charitable company and its envlronment obtainod in coupJe ot the audi( we have not identified matedal mtsslalements in the directors. reporL We have nothing to report in respect of the foll¢ming matters in relation to which the Companies Act 2006 requires us lo report to you rf, in our opinron: o adequate and sufficient oUnti records have not been kept by the parent charitable company. or rotums adequate for our audit have not been rKeiv¢d from brar•¢hes not visited by us, oi o the parent chaiitable company's financial statements are not in agreement ¥th the accounkn'ng records and retums: or o certain disdosures of directo(s' remuneratvn specified by law are not m&le: or o we have not received 811 tho information arml explanations we requlre for our audit, or IV-A Repvl 8 FillaneI SralèmonL 31 klar¢h l¢y23
REPORT AND FIPi4NCIAL STATEMENTS: NATIONAL YQUTh AGENCY 31 IAARCH 2023 o the ivustees were not enlitled lo Prepa Ihe financial ststements in atcordance With the small companies, regime arKI lake advantage of the small compans' exemptlon in preparing the d1cto[S, report and fr(Mn the QUIreMent to PTepare a strategic Respon8ibilitles of tru$tae6 As explalned more fully in the truslees. responsibilitles statement set out on page 11, the trustees (who are also Ihe dlreclor5 of the charitable company for the purposes of company law) are responsible for the preparation of the finan1 statements and for being satisfie that they give a tfue and fair view, and for 3uGh intemal contToI as the twstees detennlne is necessary to enable the preparation of financlal ststements that afe free If) material mlsslatemenl whether due to fraud or error. In Pfeparin9 the financial stalemenls. the tTUStees are responsible for assessing the group's and parent charltsble company's ability to ntinUe as a 90ir¥J conwn. dwlosing, as spplicable, matters related to g0Sng concern and using the goirg ry(ern basls of accounllng unless the trLleeS eithe( intend to liquidate the grDUP or Ihe parent charitable company or to cease (yerati¢)ns. or have no realistic alternative but to do so. Auditor's responsibilities for tho audit of Iho financial statom•nts Our objectives are to obtain feasonable assurnnce whettrr the financial statements as a whole are from material misstatemen( whether to fraud or error. and to issue Report ol the Independent Auditors thal Indude5 our oplnlon. Reasonabl8 assurance high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) 11 aayS detect a rnaterial mlsstatement wtren it exists. Misstatements can arise from fraud or error and are consrdefed material rf. individually or in Ihe agggate, they could reasonably be experted to influence ts eCOr1¢ decisn5 of Use taken based on these financial statements. We oblained an understanding of the leoal and gUlatOry framework applicable to both the charity it¢11 and thè enyironmcnt in which It op¢r41es. We hJeniilied areas of l&ws and fegulations Ihat ¢y)uld reasonabty bo expected to have a material effect on the financial statenftnls from Ouf sector experience and Ihfough discussion wlth the directors arxJ other managemenL The most significant were tdenlfvd as the Companies Act 21)06. UK GAAP Ch8rity SORP (FRS102). Charities Aci 2011 and rdevant Lax le9islation. We consklered the extent of compliance wilh those laws and regulations as part of our prOureS on the related finanoal statements. Our audrt procedures included: o making enquires of trustees and management as lo where Ihey consider there to be susceptibilty lo fraud and whether they have any kn(Y4vledge or suspicion of fraud: o obtaining an understanding of the intemal controls established to mltigate ri5kg related to fraud or norb-compliance wilh laws and regulabons: o assessing the tisk of ntsnagement overfide including Identfying 8fKI testing jourrtal entries., R¥ort & Fan¢11 Slaiev*nt J1 Mafth 20?1 15
REPORT AND FINANCIAL STATEMENTS". NATIONAL YOWH AGENCY 31 WIRCH 2023 o challenging the assumptions arnl judgen*nts rnad8 by management in its signrficant 8ccountin9 estsmat8S. Despite the audit being planned and c¢ndu¢ted in accordan wtlh ISAS (UK) there remains an unavoKlable risk that material misstatements in the financial statements may not be deteuad owing to inherenl limitations of the audrt. and that by Iheif vary naturo, any such InStanS of fraud or irregulairfy likety Involve cdlusion, fonjery. intentional misrepresenlallons, or Ihe overrvje of inlernal controls. A further description of our responsibilities for the audit of the finandal stalL¥nents IJ l¢xated on tho Flnancial Reporting Council's websrte at www.frc.org.uklaLwJttoresponGlblliIle5. This desuiption fonn8 part of our Report of Ihe lTh8ependent Auditors. This report is made solely to the charitable company's members and trustees: as a body. in ac¢o(dance wilh Chapier 3 of Part 16 of the Companies Act 2006. Our audtt work has been undertaken so that we might state to the charitable company's members and its trustees those matters we are required to state to tlem In an audhorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume sponsibl11ty to anyone other than the charitable company and the charllable company's membefs aTh tnjstees as a body and the chafitable company's trustees a5 a body, lof our audit work. for thbs report. or for the opinions we have formed. ACA Susan Plumb ACA Senior Statutory Audilof For and on behalf of Haines Watts, Chartered Accountants arKI StatLrtory Auditors Old Station House Station Approath Newport Street Swindon SN13ED Haines Watts is ellgible to acl as an athlilorin tem?s olsection 1212 ollhe Companies Act 2006. o Lloc 1023 IYA RepoN 8 Fing.INI 5tenlL 3 i ?(r23 16
REPORT ANO FINANCIAL STATEMENTS.. NATIONAL YOUTH AGENCY 31 K14RCH 2023 Accounting Policies General infomialjon The diaftty is a private company limited. regislered in England and Wales and a registered charity in Enoland and Wales. The address of Ihe fegislered office is 9 Newarke Street. LetSter, LE15SN. Statèment of ¢ompll•nco These financial statennts have been prepared in compliance wilh FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. the Ststement of Recomm8nded Practice applicable to charities preparin9 their accounls in accordance wtth the Flnancial Reporting Standard applScable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Acl 2011. The charty constitutes a public enlity benefft. Basls of Pr•pafatlon ol tho Accounts The financial staten*nts have been prepare(l on the histori(31 cost basls, as modified by the revaluation of certain financial assets and liabililies and investment propertws measurgj at faic value IhfCAJgh income or exPeIllYWe. The financial ststements are prepared in sterliThJ. vAilch is the functional currency of the entity and Tounded to ihe arest £. Golng Con¢?rn The NYA has ended 2022-23 in a stron9 financial position wtlh a althY level of reserves and cash and no long-lerm liabilth'es. At 31 March 2023 the group had net assets available for operating activrtles of £1,784.000 (2022 £1.883.000) and unrestricted reserves ol £1.247,000 (2022 £1,225,000). At the b.me of writing (October 2023) ine(yne amounting to £4.5m has been seoJred for 2023-24 and £3.1m for 2024-25 as Our contracts with DCMS. Nat West, SIB and National Lottery Community futyl roll over into the next year. The NYA cost base is flexible enough for the Board to be able to take decislons to Invest in the resOurS required to meet our obll9atlons under those and any other contracts and so our cash flow projections for the period up to the end of 2024 do nol suggest that the NYAwill have any difficutty In meets'ng its ongoing obligations. The Board has considered the cuirent economic aNI political climate and ensured that the NYA strategy and associated income plans arn realistK. They have set a goal to have a moce diverse portfolio of income and to minimise over reliance on ils core DCMS funding. The organIsatn is worklng l¢ywards having 50% of its income from other non-core DCMS grant fvnding and is making steady progfess towards thls. Thg NYA h8$ also investeil in the
REPORTMD FIIWCIAL STATEMENTS: PIATIONPL YOUTH AGENCY 31 MARCH 2023 NYAAcademy lo grow our commercial trainirwj offer through inveslin9 in a wide range of local and regional delNery partnern. The 8oard ol Truslees therefore concludes tha( at the time of signiNJ the accounts, the agency has at lea31 one year before the reserves balance drops below ts £450,000 floor where they would trigger the shut41own of the organisalion. As a fesum of the above. the Board of Tfustees ntinue to adopt the going nCern ba¥is when preparing the financial statements. Consolidation NYA Trading Limited Is a wholty owned subsidiary of the charitabk company. AcLordiThJly, the results of NYA Trading Lirnited are con501idated on a line-by-line basis inlo these financial statements. The d)aritable ts)mpany has taken advantage of sectlon 408 01 the Companles Act 2006 to not publish rts own Stslement of Flnancial Actr¥iti'es. In¢omln9 Resources Incoming resour$ represent the amount due for tho period gnd reilect their nature and. source. Incorne is genernI rec(YJnised on a rec£ivable basis, where the amount is reasonabty certain and there is adequate rtaInty of receipL Speofic bases used are as lollows.. Grants have been t8ken as receNed sn the period based on the extent of the work undertaken and. where applrcable. the temis of supporting (vntEa(as. Grant Incon is treated as 'restricted fvnds. where the a$slated contract and othe documentation prescnbe Ihe products and seThj8 to be supplied. Income from (x)nferences, events. sales of pvblications, provision of corul1an¢Y services ar)d provision of support to partner organisations is induded on the Supply of the goods and servrm. Su¢h income Is treated as 'unrestricted fvnds. wh8r8 the provision of such goods and seprfices are not required by an agreement. Resources Expended Expenditure ps recognised in the financial statements at the time of the aclivity whlth gives rise to the cost. Resour expended on Charitable Adivitss indthle the direei costs of delivering Ihoso adivitios togelher with a proportion of the support costs of the organisation. Support costs are all¢xated to acltvities on a basis detsiled in te 4 to consolidated financial stslernents, Ivll a fiiiancolstalemenl.. 31 ,' laFem 2tr23 18
REPORT AND FINANCIAL STATEMENTS." NATIONAL YOUTH AGENCY 31 MARCH 2023 Fund accounting The unrestricted funds are genefal lunds whith are available for use at Ihe dis¢relion of the trustees in fUrtranCe of the general obiectsves of the charity. Reslridefl funds are fijnds which a to be used In accordance with spedfic restrictions Imposed by donots or which have been r813e(I by the chanty fer partiGular purpxxes. The cost of raisin9 and admlnisierlng such luThJ5 are ¢harged against ts specific fund. Designated furKls are unrestrided fvnds eaM)aed by the trustees for partlcular future proFrt or commitrnent. P•n8lon costs The charity parttipates in a workplace sctrnme provided by thon which is a¢counted for as a defined contribution scheme. Flxod Assets and d•prociation The company treats 85 assets all IT items in excess of £100 and all othef items over £200. Depreciation is provided on the c¢>st in equal annual Instalments to wiite them off over their estimated eeonofflic lives. These vary according to the asset type as follows". Computer equipnRnt Flxtures and fth.ngs 5 yryJ or over the length of Ihe Ipase Débtor8 and prep8ym•nts Trade arKI other debtor5 are recognised at the setdement amount dua afteT and Irdd8 discounts. Prepayments are valued at amount Prepa net of any discounts. Crnditors and provl8ion8 CdItorS and provisions afe recognised where the rjiarity has a presenl obligats.on resulting from a past event that will probabty result in the transfer of funds to a third party and the amount to settle the obllgalion can be measured or estimated reliably. Operating lease agrogments Rents1$ applicable lo ¢peratsng leases where substantially all of the bènefits and risks of ownership remaln wlh Ihe less¢Y are Charged agalnsl proffts on a straight-line basis over the period of Ihe lease. epoita Fin?.?Cl &"ateJnori'. 31 March 202J io
REPORTAND FINANCIAL STATEMEf4trs: NATIO YOUTh AGENCY 31 fvWiCH 2023 Consolidated Statement of Financial Activities {inGluding Income and Expenditure Account) For Year Ended 31$1 March 2023 Not 2023 2023 2022 Llnrestrkted Re5tri(thl Total Tolal EIKIO INc0E FROM: Charitable advi1t8. Funth (ecer4ed lorAcvit 91 3,692 3,783 2,898 Inveslment income Total In¢omo 3.692 3,787 2.898 EXPENDITURE ON: charfIae atllvitits: Developing a skiled a1 efferAive Yovlh Sector Workforc¢ 720 1.738 2,724 2,154 Infiuendng practice through pot arKI reseafch 79 514 S14 491 Cfeab'ng opportunrties for yOuTrJ 187 126 Total expendlturn 2,900 2.771 NET {EXPENDrruREIISURPLUS 18911 792 199) 127 Transfer between fvnds 14 913 (913) NET hlOVEMENT IN FUNDS 1121) 127 Tolal funds brought foThva(d Totsl funds carried f¢xward 1.225 1,883 1.758 1.247 $37 1,784 1,883 The ststement of financial activiti'es Indudes all gains and losses re¢ognised in yeaf. All ineorne and Qxpondilure derive fmm rAJntinuing adréilies. RgWI & Fin£Dci61 Si-lanenl 311.laici1 2023 ?n
REpoirrANO FINANCIAL STITEVEIITS: NATIONAL Yoimi AGENfY 31 MARCH 2023 Consolidated and Comiiany Balance Sheet As 8131 Mwth 21r23 CffjsolldatEd Company FIXED ASSETS TaWI8 aSS6t8 16 16 10 cuRRErSE[s 11 1,409 1.427 Cash at bbnk & kn hj 793 2.163 1216 2.167 CREDITORS: Afflo falllng d wlthln one >tar 12 (411) 1349) 1411) (394) NEf CURRENT ASSErs 1.752 1.867 1.756 1.871 NEfASSErs 1.784 1W 1.n8 1.887 REPRESENTED BY FUNDS: 14 65 De51qnat funds Unra¥trld•d fund 15 1,047 625 TOTAL FUNDS 183 1.788 These finandal sl8tementg have'been prépared in.a¢>jxdan wilh th8 provisitM)s appli(2ble to companies subject to Ihè 6maN i¥)fflpanles' regime. Te financial statements re approved by the directors and aulhotsed for issue on and afe signed on their behalf by. t(9Jl A otr Card Stone, Chair Company Registratkm Numb8r. 2912597 The not8s on pagès 24 to 30 trKn? pan ol lhe finara1 8latement& IC)112113
REPORT AND FITrIANCIAL STATEMEpTfs: NATIONAL YOUTh AGENCY 31 MARCH 2023 Consolldated Cash Flow Statement 31 March 2023 20Z2 Cash Ilry••s from operntlng a¢¢fvlties Net {defi0t)18LffpS (99) 127 Adjuslmentstr. Depre¢lallon oftsngiblè fixed a$aets Loss on disposal oi frxed ats Inte$1 reiVed 14 (4) Chfjffjes in.. Trade and other flebto (531) Trade and cthr eledOr$ Cash generatedffom (4e6} Irlteregt ¢eNed Net cash from operair¥J ac1Ivthgs 723 (332) Cash nows from Invesllng activloes Puichase of taryble assets ProLed8 from sala ol investmettt¥ (30) (12) Net cash used in investin9 &lbvlUes 130) {12) Net In¢reael(dKrna8•) in cash Dd cash owivalonts Cash and cash •quivaleTrts at blglnniftg Ot yew Coh and ¢ash equivalents al o d ol y•ar {344) 1.151 807
REPORT ANO FINANCIAL STATEMENTS". NATIONAL YOUTH AGENCY 31 MARCH 2023 Parent Company Cash Flow Statement 31 March 2023 2023 2(r22 Cash flows from operallng acli¥ilie8 N81 {defiehy5urpt (99) 127 Adjuthwnts for. Depre¢iatlon ol gible fixed ass•l$ Loss on dlsposal offixed assets Irrterest receNed (41 Chan9as in." Trade and olhef debtorJ 46) 62 1531) Trade ar#J other credrtXS Cash g8(fated fTuD opratkns (808) (466) Interest recthved Not cash from op9raling aclivities 723 1332) Cash flo from InvestlnB #covlllog Purchase ol tangible asgets PfoMed8 from $818 of invesb1fits () 112) Nèt $h used tn invesiing adivit (30) (121 N¢t IncreaselldecrnaMI In ¢agh •nd eqvlv•lonl8 ¢h and ush equr¥alonts at t*glnnln9 of year Cash and fAsh equivabnts at ond of yoaf (344 1,137 793 1,486 793
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOLTTrI AGENCY 31 fvW<CH 2(r23 Notes to Consolidated Accounts Funds Recelved for A¢llvllles The followng funds were received lo deliver a range of aclivths: Unrostrictyd Restnded ThA 2023 21Y22 tr4ational Citizan S8r¥ic• 119 119 17 DCMS 2,466 2,158 Y&rth Fulures F(XKKlgtion Nat we Pt 429 429 SIB 407 407 91 271 423 91 3.692 l. Inveslment lTrcome Inveslment income is inlerest on short-temi bank depostts. 2. Re8ourcM •xporKlod on Charitable Activitieg Cxhef 2023 £CKWJ £CW £CQ) D8v8lopiTrJ a And ellecbve Y(xth Sedor WoMcYc• 1.209 452 2.724 2.454 Inflyen¢ing praGtice through policy and research CreatiTrJ opwturdttes for young p8Oe 185 287 42 514 491 417 216 15 126 Total 509 3,886 1771 Direct costs are thos8 associated with providlrg the a¢tiVty, including extemal delivery partners engaged on pn)gtarnmes. costs of running evenls and publishe(I mateTials. Other costs include support eosls detaiw In Th)te 6 bgkM. ale 24
REPORT AND FINANCIAL STATEMENTS". NATIONAL YCXtfH AGENCY 31 MARCH 2023 3. Analy919 of Support Costg for 2023 The National Youth Agency incurs costs whi¢h are nol directy artributable to any one of ts charitable activrtles bul Trlate to the operation of Ihe organisation. An analysis of $upport costs is as follows and is allocated to adiviti.es baJ on levels of income, 2023 2f22 Support cost Rent, ¢ates arrfl oifrA csts 23 41 Prfnting. poslage, 61al1ory, and18We IT and rdaleLI Cr1$ le 52 Profesglon81(ees 59 Depredai arteling and pubfK¥tions Iirecoverabie VAT 14 22 27 109 Othe¢ 87 62 4. Net Incomlng Resources Net •r+coming regources are slated after tharg¥y". 2022 £000 Audil¢ts' rernunerati¢-Aud11 serv 11 10 Deweciation 6. Gross tranglef b•tw•on funds Translers have been made tfom restnded lunds to unrestrtcted funds at the year.end Wre surplu5 lunds arising will n¢t be dawed back by funders. TrslerS from unreslrtcted lund5 at Ihe year•end are to cover any deficits on r8strKled fuThts. 6. Pen$ion 8chem• The charity partlcipales in a WOthpla scheme provKled by Ae9on which is accounted lor as a defined contribution scheme. Char98s for the year amounted to £76k. IliA Repm & FiiiancMI S'tstemenL 31 lA3h 2023 25
REPORT FIfrIJthICIAL STATEMErS. NATIONAL YOUTH AGENCY 31 MARCH 2023 8. Employéo and Ixustso Inforniation The average number of persons {includin9 part-time staff) employed by the group, Indudin9 operational directofs during the year were 83 follo44$: 2023 2022 Total The aggregate StS of tlw pen5 were as follow5: 2023 £i)JO 2022 £000 Salaries and wwJes Social secuflty cosis Pension ¢ost$ 1.017 104 76 72 Totsl 1.811 1.213 Four Indivuals (2022: two) eamed betvffj8n £60.000 and £69.999. One Individual (2022: two) eamed belween £70.000 and £79.999. One individual (2022., one) earned between £80.000 and £89,999. ,Koy Manag•ment Personnel Key management personnel include all pe130n$ that have authority and responsibilty for planning, d1Cling and controlling the acbvitses of the charity. The compensatlon paMJ io key managemenl personnel for ser¥iw provided to tho chaFity was £492,38S (2022: £325,335). Twslees neither r1ved nor waived any emoluments dunng the year in their capacity as Trustees of National Youth Agency. No travel expenses were rermbued to Boafd membefs durfng the year (2022: nil). Tr<ept a Firtanc418-alemetril'. 35 hlarch 4053 26
REPORT AND FINANCIAL STATEMENTS: NATIONAL yOH AGENCY 31 MARCH 2023 9. Tanglblo Flxed Assets Group and Company Ccffiputer FFxlures 8quipment 8nd ffttirys C¢rnpany Total Co•t Al l April 2022 71 swsal$ Al 31 March 2tr23 73 Al 1 Aprfl 2022 Ch8r98 f¢r ye twsals At 31 March 2tr23 14 14 41 Not book valuo At 31 March 2IY23 Al 31 March 2022 16 16 10. Inve>lments Included in investments is £112022: £1 } investment in a subsmdiary company al cost (see not8 16). The charty also holds investrnents in NYA Youth Work Foundation: and NYA Educats"on, which We both dom)ant throughout lh8 year lo 31 March 2023. 11. Dgbtors Consolwjaled Company 2023 2022 2023 2022 £w) £w) £( 69 Amounts falllng due withln one year Trade d8bto other deblors 80 Amouni due fr¢)m subsldiary undkt Prepayments and accnjed Total debto 18 591 18 1.326 1,427 591 1,326 1.409 11 YA Revi 8 rlnanrratIIi_lontr. 3f frA8rcrb 2v2i
REPORT AND FINANCIAL STAIEMENrs: MnoNAL YOUTH AGENCY 31 MARCH 2023 DCMS granl inc¢yne of £537k rdats'r& b 2023 was rel¥ed posi year erKJ. 12. Credilor8 falllng due within on• year Consoliéaled 2023 Ccffjpany 2022 23 £0 Trade.uedlrJs 011 taxallon and scoal seojrity Olher Cdr.015 Aluat$ Defeffed in¢ome Totsl 12 51 12 12 51 12 67 411 411 Analysis of deferrnd inc(xne 15 as folkAVS". Company 2tr22 2023 67 51 67 51 foivrd Ulilised isiThJ Tolal (67) (51) 67 67 (67) {51) 67 Oelerred inc4Jme 55 payments recer ftr maftagiry youth programmes where the ielated expendFture will be incurred after 31 fv1arch 2024. 13.Flnanclal ¢ommitrn8nts Ihere were no ¢apilal cormiilmenls at 31 Marth 2023. •POft É Finaficpi 51aieft*Dr 311&13rth 202?
REPORT AND FINANCW STATEMEfrUS: NATIONAL YOUTH AGENCY 31 MARCH 2023 14. Restrlctsd lunds 31 March CJJt90ing Tfensfer sources $rCeS £'ooo 31 March 2023 £'(x)o £YJoo Developing 8 Skilled and effethe Youth Seclorworkfor 2.189 {1,738) (594) Influenclng Fwaclicé throLwJh wlicy and re88arth 579 (514) (115) Creating Opportun for y¢wng 924 {648> 72 (2.gX)I {913 $37 Due to the nature of fijnding across a number of large tr1vIdUal projects. the festrbcled fund5 have been apportioned across the main areas of chafit8ble activity. Details of tr Individual projeds are induded in TnJ8tees ReporL Details of transfers belween funds are set out in note 6. 15. Deslgnated Funds A designated fund 01 £200,000 has been set aside at 31 March 2023 to fund the amplifi programme. digital development across the Youlh Wort( One platform and scope options for building best practic6 and approaches for di9ilal youth work delivery in th6 Goming year5. 16, Subsldlary Company The National yOh Agency controls NYA TradiNJ Limited. The prlncipal activities of NYA Trading Limited are the provision of training and other commercial ser4iees. A summary of the financial activitts for the year and of the assets of NYA Trading Limited 2022 InD)me Rosouw expef Net {Outw'rvJy IrKoming Resources sets 14 18 4) 14 18 (4 FurKIs Ivli R Éjtsri 8 Flnancixl 8tatertwL' 31 fvkirdi ?¢)23 29
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2023 17. Parent charhable company The unconsolidated deficit of the parent charitable company for the year was £99k (2022 surplus £127k). 18. R•lated Party Tran8acllons There are no related party transactK)ns that require disdosiThJ. 19. Analy818 of net a•8•ts betrrnen lund8 at 31 March 2023 utricted RestriGted Totsl Funds Funds Fund$ 2023 TaNdlble fixed 8s8ets Current assats 537 2,183 Credttor&183s than 1 par <411) (411) Net Assets 1,247 S37 1.7&4 Repori 8 Ftiknfj.?r41 SiiiQinefj: 31 I1reh 7023 30
REPORT AND FIFiANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2023 Tfustees and Management NYA Commltte• Membevdhlp 202213 8oard of Tru$ts¢$ 6art)ara Bradley {Chair) - Stepped down 18111r2022 'Toby Ducker (Interim Chair) appointed 1811112022, (Chair of Finan and GoVernanr) Carol Stone Chair (Chalr of Impact Committee)) Alex Renshaw (Chaif of GrThth Committee) Kanneth Meeson (Chair of Audit Ci)mfflittee) Mark Norris (Chair of People Committee) Gill Millai {Chair of Education & TroiniTg Standards Committee) - stepped dwi 415r2022 Breda Leyne {Chaif of Educatlon & TrainiNJ StarKlards Cornmittee)- appointed 25105r2022 Sally Carr {Chaif of NYA Safeguarding Board) Ali Pickering Amma Anderson Oan¢el Chery Gabriel 8uck Helen Watson Mark Cory Mervyn Kaye Lynne Stevens- stepped dn 2311iJr2022 Financè and Governanco Commltteo Toby Ducker (Chair) Gabriel Buck Carol Stone Lynne Stevens- stepped dtmn 2311(f2022 Audit Committe¢ Cllr Kenneth Meescffi (Chair) Toby Ducker Growth Commiitoe AlexarKlra Renshaw {Ch8ir) Lynne Stevens. slepped dthwn 23110r22 Alison Pickering Gabriel Bk Peoplo Commlttoo Mafk Norris (Chair) Helen Walson M8rk Cory Daniel Chery Impact Committee Carol Stone <Ch8lr) Sally Carr Amma Anderson Meryyn Kaye RptrI ¥% Trii)4ArtslSi3i¥mo11 3; l.)rCh ?i]ti-
REPORT AND FINANCIAL STATEMENTS.. NATIONAL YoufH AGENCY 31 MARCH 2¢Y23 Education and Training Standarts Committ00 Gill Millar (Chair)- stepped down 41512022 Breda Leyne (Chair) - appointed 2Slsr2022 Alan Smith Cafol Stone Chartee BthY5her Christine Smlth- stepped down 1917r2022 Darren Lake Oavid Algie Davkl Ht)well El Warren Graham Griffiths Jaffer All Hu$sain Jess Achilleos - appointed 1917r2022 Kayle¢gh Wainwright Kery Gray - appoinled 191712022 Kev Henman - stepped down 1917r2022 Liz Hassock - stepped down 41512022 Mark Straw Ruth RickmaTrWilliams- appoinled Seplember 2022 Ry Hafris Shaun Watson Sheila Curran - stepped down 191Tf2022 Simon Williams- appointed September 2022 Siobhan Endean - stepped down 415r2022 Sue Gill NYA Trading Llmit Leigh Middleton Amanda Feam Re n??
REPORT AND FINANCIAL STATEMENTS.. NATIONAL YoirrH AGENCY 31 MARCH 2023 Principle,Pla¢es of Buslness and Advlsors The National Youth Aaer 9 Newarke Slreet 123 Humberstone Road Leic¢stef LE15SN Audltor8 Haines Watts, Chartered Accountants Old StatSon House station Approach Newport Slr8et, Swlndon SN130U 8ankers B8rclays Bank Town Hall Square, Leicester LE19A4 SollGItorn Bales Wells .10 Queen Street Place. Lor)don. EC4R 1BE By order of tr* Boa¢d Carol Stone Chair: ...... 10 Report& Flnancial StatetT?rt'. 31 h1011 20L
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTrI AGEPKY 31 MARCH 2023 NationalYouthAgency 9 Newarke Street, Leicester LE15SN Company registration no. 2912597 Reglster charity in England and Wales no. 1035804