To.. Haineswatts Old Station House Station Approach Newport Street Swindon SNI 30U Dear5 Sir5 NATIONAL YOUTH AGENCY The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your audit of the charitable companrf5 financial statements for the year ended 31 March 2024. These enquiries have included inspection of supporting documentstion where appropriate and are sufficientto satisfy ourselves that we can make each of the following representstions. All representations are made to the best of our knowledge and belief. General l. We have fulfilled our responsibilitie5 as directors/ trustees as set oirt in the terms of your engagement letter, under the Companies Act 2006 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prartice}, for being satisfied that they give a true and fair view and for making accurate repre5entstions to you. 2. All the transactions undertaken by the charitable company have been properfy reflected and recorded in the accounting records. 3. All the accounting records have been made available to you for the purpose ofyour audit. We have provided you with unrestricted acce55 to all appropriate persons within the charitable company, and wrth all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission. The financlal ststements are free of materfal misststements. inclucfjng omissions. 5. The effects of uncorrerted misstatements are immaterial both individually and in total. Internal control and fraud 6. We acknowledge our responsibility forthe design, implementation and maintenance of internal control to prevent and detect fraud and error, and we believe that we have appropriately fulfilled these responsibilities. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud. 7. We have disclosed to you all inStanS of known or suspected fraud affetting the entity involving management, employees who have a significant role in internal control or others where fraud could have a material effect on the financlal statements. 8. We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affetting the entitvs financial statements communicated by current or fomier employee5, analysts, regulator5 Qr others. Assets and liabilities 9. The Charitsble company has satisfactory title to all assets and there are no liens or encumbrances on the charitable companls assets. 10. All artual liabilities, contingent liabi15ties and guardntee5 gbven to third parties have been recorded or disclosed as appropriate. 11, We have no plans or intentions that may materially alterthe carrying value and. where relevant, the fairvalue measurements or cla55ification of assets and liabilities reflected in the financial statements. Accountlng estlmates 12. The methods. data and significant assumptions used by us in making cOUntIng estimates, and their related disclosures, are appropriate to achieve recognition. measurement a1 disclosure that is reasonable in the context of the applicable financial reporting framework Loans and arrangements 13. The charitsble company has not granted any advan or credits to. or made guarantees on behalf of, directors. Legal claim5 14. We are not aware of any litigation that have been, or is expected to be, reived.
Laws and re8ulations 15. We are not aware of any instances of non-compliance orsuspected non-complian with laws and gUlationS whose effects should be considered when preparing the financial statements. Related parties 16. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationship5 and transattions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements. Subsequent events 17. Al events subsequent to the date ofthe financial statements which require adjustment or disclosure have been properly accounted for and disclosed. Going concern 18. We believe that the tharitable companrfs financial statements should be prepared on a going concern basls on the grounds that current and future sources of funding or support will be more than adequate for the charitable companvs needs. We 3150 confirm our plans for future actionls) required to enable the charitable company to continue as a going ¢oncem are feasible. We have considered a period of twelve months from the date of approval of the financial statements. Grants and donations 19. All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches ofterms or condition5 in the application of such income. Each dirertor has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that you are aware of that infomiation. Your5 faithfijlly Signed on behalf of the board of directors /trustees Date
THE NATIONAL YOUTH AGENCY (COMPANY LIMITED BY GUARANTEE) Report of the Trustees and audited financial statements for the year 31 March 2024 a.or
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 Report and Financial Statements 31 March 2024 Contents Page Report of the Trustees Independent Auditors. Report to the Members Accounting Policies 12 16 Consolidated Statement of Financial Activities 19 Consolidated and Company Balance Sheet Consolidated Cash Flow Statement 20 21 Company Cash Flow Statement Notes to the Consolidated Accounts 22 23 Trustees and Management Principal Places of Business and Advisers 28 30
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 1. Report of the Trustees 23124 Introduction The Trustees present their annual report (including the directors, report as required by company law) and audited financial statements for the year ended 31 March 2024. Reference and Administrative Infomiation The National Youth Agency (The NYA) is a cornpany limited by guarantee with a company registration of 2912597 and is registered with the Charity Commission for England and Wales under number 1035804. NYA Trading Limited is a 100 /0 owed trading subsidiary of The National Youth Agency and is a company registered in England and Wales under number 07570045. Details of the Trustees for both organisations are provided on pages 28 and 29. Principal places of business and professional advisers of the charity are shown on page 30. Structure, Governance and Management The National Youth Agency operates within its Memorandum and Articles of Association which are registered with Companies House and the Charity Commission. Trustees who held office during the year are detailed on page 28. The Chair is selected by the other Trustees either from the existing Trustee Board or through external recruitment. The Trustee Board is responsible for the strategic direction of the organisation and ensuring it is financially and operationally sound in all its policies and practices. The Board holds the Chief Executive and team to account in this respect. Sadly, at the start of the financial year 23.24 (May) our Chair of Trustees (and of our Finance and Governance Committee) Toby Ducker died unexpectedly. This was a huge loss and heavily felt by all at NYA. Toby was an impressively dedicated trustee who gave neady seven years of service to NYA, and we are grateful for having known him and benefited from his talents, wisdom and generosity of spirit. Our Vice Chair Carol Stone was then appointed and remains our current Chair of Trustees. Mark Norris, NYA trustee, stepped in as vice-chair and we are very grateful for his and all trustees, ongoing support. The Board of Trustees has in place a Nominations and Procedures Committee (known as the People Committee). Part of the remit of this Committee is to make recommendations to the Board on the appointment and reappointment of Trustees, having regard at all times to the provisions of the Memorandum and Articles of Association. Consideration is given to the composition of the Board in terms of the collective skills and experience required to support the NYA'S operational strategy and to ensure its charitable aims are delivered. There were no new appointments in this financial year. However. in light of the circumstances described above there is an intention to recruit in financial year 24.25 for new trustees to bring accountancy skills to the Board.
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 The Board regularly undertakes reviews of its performance through a process of self- assessment against key objectives. The Board of Trustees is supported by an Audit Cornmittee which is responsible for ensuring the safeguarding of the charity's assets. A Finance & Governance Committee advises the Board on financial matters and the members of these committees are shown on pages 28 arKI . In addition, sub-groups are established to support the Executive team in our Growth (business development and fundraising). our Impact and to support on matters relating to our people (HR). During 2023-24 the authority to conduct the day-to-day activities of the organisation was delegated by the Board to Mr Leigh Middleton who is the Charity's CEO. The Chief Executive is responsible for the implementation of the strategy and policies agreed by the Board. The remuneration of key management personnel is set by the Board, with the policy objective of ensuring that they are provided with appropriate incentives to encourage enhanced performance and are. in a fair and responsible manner. rewarded for their individual contributions to the Charity's success. The appropriateness and relevance of the remuneration policy is reviewed annually including reference to comparisons with other charities to ensure that the Charity remains sensitive to the broader issues of pay and employment conditions elsewhere. In recent years the cost-of-living challenges have been high in Trustees minds and during this financial year the Board again agreed an uplift for staff in November. This varied to the previous percentage increase and was awarded as an additional £1800 to all staff, This effectively ensured that those on lower salaries had a higher percentage inGrease. We aim to recruit, subject to experience, at the lower to medium point within a band, providing scope to be rewarded for growth in role with additional responsibilities. Delivery of the Charity's charitable vision and purpose is primarily dependent on our key management personnel and staff costs represents a significant proportion of our charitable expenditure, Through the 2023-24 period, NYA continued to expand the staff base in line with the increased activity and funding received and our invest to grow strategy as we approach the end of a number of large contracts at the close of FY 24.25. Increasing business development and policy resource is seen as central to this. We went from a head count of 68 (21 young people) in April 2023 to 92 (31 young people) by the end March 2024. We were delighted to have so many young people working alongside us. working as Young Assessors for the Youth Investment Fund activity and Digital Directors within the Routes to Community Success programme. The Trustees regularly consider the major strategic, business, and operational risks facing the organisation, and these are reviewed by the Finance Committee quarterly and managed by the Executive team. Trustees pay particular attention to financial risk and the irnpact of funding changes, in particular: The impact of a reduction or discontinuation of income from one of its major funders" NYA has explored ways to actively diversify its income base in the last few years. This work has been led by the Director of Growth who is implementing
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 a strategic plan to secure a depth and depth of funds. Insolvency, cessation of trading by delivery partner or outsource provider. NYA maintains strong relationships with senior staff in these organisations and actively monitors performance within them. Reputational risks range from specific incidents within programrnes (e.g. safeguarding) to much wider reputation management challenges. Policies are in place for safeguarding and media management and the large programmes we run have a crisis plan in place. Cyber risks with the increasing use of digttal and expansion of data collection. As NYA has expanded its digital footprint through evolution of delivery and support platforms, it has in place an internal digital team and has achieved the Cyber Essentials Plus kitemark for the second time in FY 23124. Specialist support has steered NYA audits across all Information SecuritylGDPR with an action plan for development in place in FY 24125. Active financial management to ensure reserve levels are within reserve policy guidelines and sufficient to meet the organisation's commitments. We reintroduced internal accountancy support to reflect the levels of income and growing complexity across accounts. 1.4 Objectives and Activities The objects of the charity and limited company, as set out in its governing document, are: To maintain an Agency for the benefit of the community in general and young people in particular as a centre for the assistance in the training of young people so as to develop their physical, mental and spiritual capacities. We are very serious about youth work, enabling young people to believe in themselves and to prepare for life. Educators, policy makers and employers all have crucial roles to play here. Youth work focuses on working holistically with young people. It's about building resilience and character and giving young people the life skills (often totally misleadingly described as "soft.), they need to live, learn, work, achieve and interact successfully with other people (see our definitions of youth work). The National Youth Agency is the national body and Professional Statutory Regulatory Body (PSRB) in England for this important, under-recognised discipline. We have taken the lead in championing it for nearly sixty years. But as the choices and challenges facing young people get more demanding and the public funding to support them has decreased in the previous decade, our mission gets more urgent every day. Our mission is to transform the lives of young people through the power of youth work. We do this through: Influencing practice through policy and research - showcasing great practice, incubating new approaches, celebrating its many thousands of practitioners, and winning more understanding of the value and depth of the discipline among policy makers, educators, and employers. Developing a skilled & effective youth sector workforce - training youth workers, setting occupational standards, offering accreditation for professional development,
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 and constantly researching. innovating. and improving the methodologies and practice of youth work in all its forms. Creating opportunities for young people - making it happen through our networks of front- line youth work providers. our deep experience of managing complex projects and through innovative tie-ups and funding arrangements with imaginative commercial and public sector partners During this reporting year, NYA was mid-point in the delivery of our five-year strategy shaped around the above. However, we were ahead in terms of the achievement of strategic objectives (800/0). The in-year work is detailed in section 1.6. and reflects that as the pandemic subsided, NYA reflected on our role, alongside our partners and stakeholders. in supporting great youth work to happen across England in a much- challenged landscape. 1.5 Public Benefit NYA works in accordance wilh the Charity Commission's guidance which requires clarity in the public benefit arising frorn the organisation's work and clearly identified public beneficiaries. NYA'S work in leading and developing the sector drives the quality and relevance of youth work across England: Training those working with young people to have the knowledge, skills, and confidence to deliver high quality, impactful services, built on the needs of young people. Increasing safe practice by building training specifically for safeguarding and risk management in youth work environments. NYA'S work also meets this public benefit requirement in all its direct delivery programmes with young people: Giving young people a meaningful voice in the world and ensuring they are involved in the development of services intended for them (Youth Investment Programme, Routes to Community Success) Supporting young people's skills development through their engagement activity to build experience, confidence for managing their transitions to learning and work (Youth Investment Programme, Routes to Community Success) Growing young people's financial management in order that they can more easily transition into adulthood and life as an employee (Natwest Thrive) Supporting social integration by building young people's confidence, self-belief, and experience in mixing with others from different backgrounds (All our delivery programmes). Working with marginalised and disadvantaged young people to understand the
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 challenges they face in getting involved in social action projects. 1.6 Achievements and Performance Context and Key Headline Activity The youth work landscape over the last 10+ years has been heavily impacted by initially austerity and in more recent years. COVID 19. We have seen the changing shape of provision during this time and the shifts in levels of qualified staff delivering seNices to young people. Moving into the financial year 23124, we reflected on the Joining the Dots consultation that culminated in a report and recommendations in February 23. This captured the voice of the sector through engagement with national, regional and local youth work organisations to help highlight and understand the pressures faced across communities. The headline asks being for long term investment in youth work, the advocacy of current loGal provision, strengthening of the support to youth work and youth workers and the need for effective collaboration to help us all to achieve better together. This has informed the work within the FY 23.24 on shaping our next strategy that will underpin our focus in all we do from the FY24 -29 (launched April 24). A central part of NYA activity in year has been on the growth of our tearn. This is allgned to our ambitions for youth work for the forth coming strategy and also with an eye to the future sustainability of NYA as we move toward contract end points at the end of FY 24.25. We have undertaken an invest to grow approach, building our resources across policy and communications (approaching an election in FY year 24.25) and business development to wider our funder opportunities to deliver on our mission. NYA has for a number of years been advocating the need to review the statutory duty for youth services (section 507B of the Education Inspections Act 2006). This sets the expectations that councils will secure sufficient youth provision for young people within their areas. During the early part of FY23.24, with the knowledge that the revision was to be launched around the Summer period. NYA worked to create guidance and a toolkit to sit alongside the revised duty to support leaders of youth work to consider the revised duty in the hope this fostered the review and develop youth work services. The Duty was finally signed by the Secretary of State late Summer and this was released in September. This provided a key opportunity to connect with local councils and bring youth work to the fore in a time when budget pressures are acute for many. The duty was generally well received, and we continue to see our work build with a number of areas that are seeking support. In year we secured additional resources from DCMS to shape a Peer Review programme to provide 12 councils free support to review provision with peers and create a network of lead members to build back some of the lost infrastructure and connectivity for youth work across England. NYA was delighted to have the opportunity to host the fourth Commonwealth Global Youth Work Conference in the UK, themed - 'The Power of Youth Work: Forging sustainable and peaceful comrnon future,. It provided an opportunity for 250 in person delegates and around 1000 online to share in a series of workshopslevents that reflected on, showcased and celebrated youth work from across the 56 nations represented within the Commonwealth. NYA was supported by The Commonwealth Office, our partners across the UK nations and our academic colleagues from youth work university programmes. The financial year has been a positive one in terms of our levels of activity and funding to
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 support us in our mission to enable great youth work for all young people. This has been a mid-year point for our main delivery contracts - DCMS Core grant and Youth Investment Fund and also the year which launched our post pilot phase of the Thrive programme with Natwest. Our DCMS funding remains critical to our ability to deliver our professional body activity; working to maintain and evolve qualifications for youth work, providing standards of practice to foster excellence and provide a curriculum to inform the shaping Df youth work content in line with young people's needs. Alongside this, the DCMS investment has supported NYA to evolve the Safeguarding Hub. Since its inception during the last financial year, the level of sector engagement is a clear indicator of the need for youth work tailored resources and training to steer knowledge. skills and confidence around safeguarding young people. In year we produced new Safeguarding Standards to provide a clear framework to steer practice. We also led consultation to shape much needed guidance on Private Dwellings use for youth work. This year has also supported the growth of the National Census as we aim to map youth work provision across England. We have received around 3000 returns that captures over 28.OOOorganisaitonations/subunits. We also had the roll out of the National Youth Worker Register which both provides recognition of professional status as a youth worker and supports NYA insights into the current shape and size of the professional workforce. In forthcoming years, the intention is to widen this to level 213 workers and foster progression pathways alongside. Our work with Natwest is groundbreaking for our sector as they are the first corporate partner to flow their unspent apprenticeship levy into the youth work sector. This will fund training of youth workers at level 3 and 6, accelerating the pace at which we can build the current and future youth work workforce. The Thrive programme is also supporting youth work infrastructure by providing resources and opportunity to community-based organisations who are participating in delivery. NYA has continued its digital evolution in year and now has a wide-reaching offer across three platforms. Our website remains our window to the world, and this has undergone a full review and rebuild in-year to ensure this is accessible and engaging for all our users. We have invested in a new Learner Management System to provide an enhanced journey for all our NYA Academy leamers and enables us to increase our CPD opportunities alongside our formal youth work qualifications. The development of our sector shared Youth Work One website was completed in year, and this continues to build in user numbers on the path to realize our ambitions for a single place access point for training, resources, professional dialogue. events and be the home of the Census and Register, Key achievements andperformance Highlights of the year included: Trained 200 new learners to gain youth work qualifications via the NYA Academy. sin 2021 we have enabled nearly 1000 people to gain qualifications through the DCMS funded Bursary programme. Created CPD opportunities for 1550 participants from the youth sector to deepen their knowledge through a programme of online, practice-led sessions and expert panel discussions.
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 Renewed validation guidance to support the introduction of level 6 apprenticeships as a pathway to professional qualification. Focused support work with higher education providers and employers ahead of the introduction of the level 6 apprentIshiP to engage both in the provision and support of the learning pathway. Through our Education and Training Standards Committee, led the sectorfs thinking and development in workforce matters. overseeing the validation 6 higher education youth and community work courses and completed the annual monitoring report ta qualty assure learning, assess the current levels of learners within level 6 and 7 programmes and gain insights into the opportunities and challenges for training providers. Expanded the National Youth Work Curriculum. Development of Practice Standards. Grown the online Safeguarding and Risk Hub for Youth Work- this has been accessed 18,783 times since its launch. Online webinars and discussion forums to support youth workers share, learn and co- support across a range of key issues and practice specialisms. Facilitated connectivity and voice for lead national and regional stakeholders, policy makers and funders through the National Youth Sector Advisory Board, creating space for collective discussion around youth services and young people. Hosted our annual Youth Work Week campaign in November that directly reached 625,000 people. Created opportunities for 1550 participants from the sector to deepen their knowledge through a programme of online practice led sessions and expert panel: discussions. The amplifi website provided creative skills and development opportunities for young people and since 2020 has been visited 700,000 times. The Thrive programme with Natwest benefitted 1936 young people across 32 clubs. NYA has created work opportunities for young people within the Youth Investment Fund and our Routes to Cornmunity Success programmes. Financial Review and plans for future periods The position of the group and the charity at the year*nd is set out on page 19. NYA'S total income in 2023-24 was £4,987,000. The principal sources of income were from the DCMS, Natwest and Youth Investment Fund, via Social Investment Business (SIB). Total expenditure of £4,926,000 on charitable activities resulted in a surplus position of - £61,000. As with many charities operating in the current financial climate, generating new income continues to be the agency's greatest challenge. We have experienced a positive period of growth that has enabled us to aclerate our work and position for what we know we must do to safeguard and future proof youth work for young people and support the youth sector. The need is great. However, a number of our large contracts are three-year term contractslgrants and are central in NYAS capacity to respond to the need. Our in-year focus for 24125 is sustaining and building those relationships for longer term security alongside diversifying income streams to safeguard NYA should any funder not continue.
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 Reserves Heading into the financial year 23124 Trustees had an agreed a tsrget of a minimum of £450,000 for unrestricted reserves. This was raised to £900.000 in year (Feb 24) to reflect organisational growth. The purpose of this reserve is to provide working capital for the Charity and ensure that it would be able to manage a shutdown of the organisation in the event of any sudden downturn in funding or calls on its resources. As at 31 March 2024 the group had total reserves of £1,845.000 (2023 £1,784,000). Of Ihis total, £1,492,000 represented unrestricted funds, £106,000 designated funds and £247.000 represented restricted funds. In this financial year, £200,000 had been allocated as designated reserves (note 15) with only £94,000 spent. The remaining is carried forward as designated reserves. This reflects the organisations. commitment to hold a robust level of free reserves for operational purposes whilst balancing the need to invest in activity that furthers our charitable objectives. The Board is conscious that the NYA'S income from key sources is highly uneven and time between paymentslagreements can be lengthy. To mitigate the cashflow risk, the charity holds a higher than ideal level of free cash reserves. Details of the restricted funds are given in note 14. Free reserves at the year-end (unrestricted funds not designated or tied up in tangible fixed assets) were £1,462,000 (2023 £1,051,000). Future Plans Our primary focus entering FY24125 continues to be to deliver excellence across our funded programmes and work to retain our relationships with key funders so that we have the security for long term planning across our strategic aims, as set out in our new strategy for 2024- 2029. This reflects our three strategic goals with a refreshed lens to enable great youth work to happen in all places and spaces: We will build Ihe case and profile for youth work across England We will drive excellen in practice to reflect the youth work needs of today and tomorrow We will future proof the youth work profession through widening opportunities for youth workers We will continue to work to diversify and balance our income streams to manage risks and evolve our commercial offer, which includes the NYA Academy. th The Financial year 24125 marks the 60 anniversary of NYA and provides an additional opportunity to amplify the place and importance of youth work for young people today. Our research and policy work is vital in making this continued case for youth work especially given 24125 is also a general election year with the opportunity to Influen future thinking and policy. We continue to campaign on the need for financial support for youth work and services to young people, offer support to local authorities to reflect on the revised statutory duty and ensure appropriate and coordinated provision for young people across England as well as keep a fixed eye to the future of the workforce. researching, scoping recommendations and positioning for how we can build a workforce for today and tomorrow to meet the needs of young people. 10
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 statement of Trustees, Responsibilities Charity and Company law require the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing the financial staternents giving a true and fair view, the Trustees shoukj follow best practice and are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent" state whether applicable accounting standards and ststements of recommended practice have been followed, subject to any departures disclosed and explained in the financial slatements; and. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping accounting r8cords which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with applicable law. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Th8 Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from leglslation in other jurisdictions. In so far as the Trustees are aware: there is no relevant information of which the charity's auditors are not aware; and, the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Basis of accounting The annual financial ststements are attached to this report. These have been prepared in accordance with the policies summarised on pages 16,17 and 18. This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. By order of the Board fvj A.sr-. Carol Stone (Chair) 11
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARGH 2024 Independent Auditor's report to the members of the National Youth Agency Opinion We have audited the financial statements of the National Youth Agency (the 'parent charitable company,) and its subsidiary (the 'group') for the year ended 31 March 2024 which comprise the group Statement of Financial Activities. group and parent charitable company Balance Sheets, group and parenl company Cash Flows Statements and notes to the financial statements, including a summary of significant accounting policies. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the group's and parent charitable company's affairs as at 31 March 2024, and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audit in accordan with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 12
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 Independent Auditor's report to the members of the National Youth Agency Other information The trustees are responsible for the other information. The other information comprises the information included in the trustees, annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial staternents does not cover the other information and, except to the extent otheThvise explicitly stated in our report, we do not express any form of assurance condusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements. or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared is Gonsistent with the financial statements; and the directors, report been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate and sufficient accounting records have not been kept by the parent charitable company, or retums adequate for our audit have not been received from branches not visited by us; or the parent charitable company's financial statements are not in agreement with the accounting records and returns: or certain disclosures of directors, remuneration specified by law are not made," or 13
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTHAGENCY 31 MARCH 2024 Independent Auditor's report to the members of the National Youth Agency we have not received all the information and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordan with the small companies, regime and take advantage of the small companies, exemption in preparing the directors, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement set out on page 10, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the finanGial staternents and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the group's and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters r8lated to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilitles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken based on these financial statements. We obtained an understanding of the legal and regulatory framework applicable to both the charity itself and the environment in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the directors and other management. The most significant were identified as the Companies Act 2006, UK GAAP Charity SORP (FRS102). Charities Act 2011 and relevant tax legislation. We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included: making enquires of trustees and management as to where they consider there to be a susceptibility to fraud and whether they have any knowledge or suspicion of fraud; 14
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTHAGENCY 31 MARCH 2024 Independent Auditor's report to the members of the National Youth Agency obtaining an understanding of the intemal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; assessing the risk of management override including identifying and testing journal entries" challenging the assumptions and judgements made by management in its significant accounting estimates. Despite the audit being planned and conducted in accordance with ISAS (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This descripts'on fomis part of our Report of the Independent Auditors. This report Is made solely to the charitable company's members and trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit 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 them in an auditorfs report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members and trustees as a body and the charitable company's trustees as a body, for our audit work. for this report. or for the opinions we have formed. Susan Plumb ACA Senior Statutory Auditor For and on behalf of Haines Watts, Chartered Accountants and Statutory Auditors Old Station House Station Approach Newport Street Swindon SN13ED Haines Watts is eligible to act as an auditor in tenns of section 1212 of the Companies Act 2006. 15
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY31 MARCH 2024 Accounting Policies General information The charity is a private company limited. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 9 Newarke Street, Leicester, LE15SN. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. The charity constitutes a public entity benefit. Basis of Preparation of the Accounts The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £. Going Concern The NYA has ended 2023-24 in a strong financial position with a healthy level of reserves and cash and no long-term liabilities. At 31 March 2024 the group had net assets available for operating activities of £1,845,000 (2023 £1,784,000) and unrestricted reserves (excluding designated funds) of £1,492,000 (2023 £1,247,000). At the time of writing (October 2024) income amounting to £5.4m has been secured for 2024-25. In year focus is on the contract renewal with Natwest and DCMS to continue works into the next financial year 25126. Confidence is strong in securing these by the end of quarter 3 (December). This will then provide a strong basis to build further in year funding for 25126 for which we are already building a pipeline of opportunities. The NYA cost base is flexible enough for the Board to be able to take decisions to invest in the resources required to rneet our obligations under those and any other contracts and so our cash flow projections for the period up to the end of 2025 do not suggest that the NYA will have any difficulty in meeting its ongoing obligations. The Board has considered the current economic and political climate and ensured that the NYA strategy and associated income plans are realistic. They have set a goal to have a more diverse portfolio of income and to minimise over reliance on its core DCMS funding. The organisation is working towards having 50 % of its income from other non-core DCMS grant funding and is making steady progress towards this. The NYA has also invested in the 16
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTHAGENCY 31 MARCH 2024 NYAAcademy to grow our commercial training offer through investing in a wide range of local and regional delivery partners. The Board of Trustees therefore concludes that, at the time of signing the accounts. the agency has at least one year before the reserves balance drops below the £900,000 floor where they would trigger the shut-down of the organisation. As a result of the above, the Board of Trustees continue to adopt the going concern basis when preparing the financial ststements. Consolidation NYA Trading Limited is a wholly owned subsidiary of the charitable company and remained dormant throughout the year. Accordingly, the results of NYA Trading Limited are consolidated on a line-by-line basis into these financial statements. The charitable company has taken advantage of section 408 of the Companies Act 2006 to not publish its own Statement of Financial Activilies. Incoming Resources Incoming resources represent the amount due for the period and reflect their nature and source. Income is generally recognised on a receivable basis, where the amount is reasonably certain and there is adequate certainty of receipt. Specific bases used are as follows: Grants have been taken as received in the period based on the extent of the work undertaken and, where applicable, the terms of supporting contracts. Grant income is treated as 'restricted funds, where the associated contract and other documentation prescribe the products and services to be supplied. Income from conferences, events, sales of publications, provision of consultancy services and provision of support to partner organisations is included on the supply of the goods and services. Such incorne is treated as 'unrestricted funds, where the provision of such goods and services are not required by an agreement. Resources Expended Expenditure is recognised in the financial statements at the time of the activity which gives rise to the cost. Resources expended on Charitable Activities include the direct costs of delivering those activities together with a proportion of the support costs of the organisation. Support costs are allocated to activities on a basis detailed in note 4 to the consolidated financial statements. 17
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 Fund accounting The unrestricted funds are general funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. Designated funds are unrestricted funds eannarked by the trustees for particular future project or commitment. Pension costs The charity participates in a workplace scheme provided by Aegon which is accounted for as a defined contribution scheme. Fixed Assets and depreciation The company treats as assets all IT items in excess of £100 and all other items over £200. Depreciation is provided on the cost in equal annual instalments to write them off over their estimated economic lives. These vary according to the asset type as follows: Computer equipment Fixtures and fittings 34 yrs 5 yrs or over the length of the lease Debtors and prepayments Trade and other debtors are recognised at the settlement amount due after and trade discounts. Prepayments are valued at the amount prepaid net of any discounts. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount to settle the obligation can be measured or estimated reliably. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease. 18
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTHAGENCY 31 MARCH 2024 Consolidated Statement of Financial Activities (including Income and Expenditure Account) For the Year Ended 31st March 2024 Note 2024 2024 Unrestricted Restricted 2024 Total 2023 Total £000 £000 £000 £000 INCOME FROM: Donations and legacies 180 180 Charitable activities". Funds received for activities Investment income Total Income 101 32 313 4.674 4,775 32 4,987 3,783 4,674 3,787 EXPENDITURE ON: Charitable activities". Workforce development Practice development Youth sector support activity Total expenditure 287 364 585 1,236 941 1,624 1,125 3,690 1,228 1,988 1,710 4,926 2,724 514 648 3,886 NET SURPLUSI(EXPENDITURE) {923) 984 61 (99) Transfer beeen funds 14 1,274 1,274 NET MOVEMENT IN FUNDS 351 (290) 61 (99) Total funds brought forward Total funds carried forward 1,247 1,598 537 247 1,784 1,784 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 19
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 CONSOLIDATED AND COMPANY BALANCE SHEET As at 31 March 2024 Consolidated 2024 2023 Company 2024 Note 2023 £000 £000 £000 £000 FIXED ASSETS Tangible assets Investments 30 32 30 32 10 CURRENT ASSETS Debtors Cash at bank & in hand 1,045 1,760 2.805 663 1,500 2.163 1,063 1,745 2,808 681 1,486 2,167 CREDITORS.. Amounts falling due within one year 12 {990) (411) (990) (411) NET CURRENT ASSETS 1.815 1,752 1,818 1,756 NET ASSETS 1,845 1,784 1,848 1,788 REPRESENTED BY FUNDS: Restrlcted funds Designated funds Unrestricted funds TOTAL FUNDS 14 15 247 106 1,492 1,845 537 200 1,047 1,784 247 106 1,495 1,848 537 200 1,051 1,788 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the directors and authorised for issue on and are signed on their behalf by: •J Carol Stone, Chair Company Registration Number: 2912597 The notes on pages 23 to 27 form part of these financial statements 20
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 CONSOLIDATED CASH FLOW STATEMENT 31 March 2024 2024 2023 Cash flows from operating activities Net surplusl(deficit) 60 (99) Adjustm8nts for." Depreciation of tangible fixed assets Loss on disposal of fixed assets I nterest received 21 14 (33) (4) Changes in.. Trade and other debtors Trade and other creditors (381) 578 746 62 Cash generated from operations 197 808 I nterest received 33 Net cash from operating activities 278 723 Cash flows from Investing activltles Purchase of tangible assets Proceeds from sale of investments (18) (30) Net cash used in investing activities (18) (30) Net increasel(decrease) in cash and cash equivalents Cash and cash aquivalents at beginnlng of year 260 1,500 693 807 Cash and cash equivalents at end of year 1.760 1,500 21
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 PARENT COMPANY CASH FLOW STATEMENT 31 March 2024 2024 2023 Cash flows from operating activities Net surplusl(deficit) 60 (99) Adjustments for.. Depreciation of tangible fixed assets Loss on disposal of fixed assets Interest received 21 14 (33) <4) Changes in.. Trade and other debtors Trade and other creditors (381) 578 (746) 62 Cash generated from operations 197 (808) I nterest received 33 Net cash from operating activities 278 723 Cash flows from investing activities Purchase of tangible assets Proceeds from sale of investments (18) (30) Net cash used in investing activities (18) (30) Net increasel(decrease) in Cash and cash equivalents Cash and cash equivalents at beginning of year 260 1,486 693 793 Cash and cash equivalents at end of year 1,746 1,486 22
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 NOTES TO THE CONSOLIDATED ACCOUNTS 1. Funds received for Activities The following funds were received to deliver a range of activities: Unrestricted RestriGted 2024 NYA 2023 £000 £000 £000 £000 National Citizen Service DCMS Nat West PIC NLCF YMCA SIB other 40 40 119 2,777 2,777 2,466 1,100 1,100 429 247 247 47 47 503 503 202 407 362 202 Total 242 4,674 4,916 3,783 2. Investment Income Investment income is interest on short-tem bank deposits. 3. Resources expended on Charitable Actlvltles Staff £000 Direct £000 Other 2024 £000 £000 2023 £000 Workforce development Professional development Youth sector support activity Total 823 773 1,150 268 1,047 388 1,703 137 1,228 168 1,988 172 1,710 477 4,926 2,724 514 648 3,886 Direct costs are those associated with providing the activity, including external delivery partners engaged on programmes, costs of running events and published materials. Other costs include support costs detailed in note 4 below. 4. Analysis of Support Costs for 2024 The National Youth Agency inGurs costs which are not directly attributable to any one of its charitable activities but relate to the operation of the organisation. An analysis of support costs is as follows and is allocated to activities based on levels of income. Support cost 2024 2023 £000 £000 Rent, rates and office costs Printing, postage, stationery, and telephone IT and related costs 26 17 151 23 16 152 23
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 Support cost 2024 2023 £000 £000 Professional fees Depreciation Marketing and publications Irrecoverable VAT Other 68 21 32 80 82 477 59 14 22 136 87 509 5. Net Incoming Resources Net incoming resources are stated after charging: 2024 £000 12 21 2023 £000 Auditors, remuneration - Audit services Depreciation 14 6. Gross transfer between funds Transfers have been made from restricted funds to unrestricted funds at the year-end where surplus funds arising will not be clawed back by funders. Transfers from unrestricted funds at the year-end are to cover any deficits on restricted funds. 7. Pension scheme The charity participates in a workplace scheme provided by Aegon which is accounted for as a defined contribution scheme. Charges for the year amounted to £113k. 8. Employee and trustee Information The average number of persons (including part-time staff) employed by the group, including operational directors during the year was as foll0v. 2024 FTE 73 2023 FTE 48 Total The aggregate costs of these persons were as follows: 2024 £000 2023 £000 Salaries and wages Social security costs Pension costs Other staff related costs Total 2,328 243 113 62 2.746 1.500 163 76 72 1,811 Two individuals (2023: four) earned between £60,000 and £69.999. Three Individual (2023: one) earned between £70.000 and £79,999. No individual (2023: one) earned between £80.000 and £89,999. One individual (2023: none) earned between £100,000 and £110,000. 24
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £534,526 (2023: £492,385). Trustees neither received nor waived any emoluments during the year in their capacity as Trustees of The National Youth Agency. Travel expenses amounting to £nil (2023: £nil) were reimbursed to Board members (2023: nil Board members). 9. Tangible Fixed Assets Group and company Fixtures and fittings £000 Computer equipment £000 Company Total £000 Cost At 1 April 2023 Additions Disposals At 31 March 2024 67 18 10 75 74 18 15 77 At 1 April 2023 Charge for year Disposals At 31 March 2024 34 21 10 45 41 21 15 47 Net book value At 31 March 2024 At 31 March 2023 30 32 30 32 10. Investments Included in investments is £1 (2023: £1) investment in a subsidiary company at cost (see note 16). The charity also holds investments in NYA Youth Work Foundation, and NYA Education, which were both dormant throughout the year to 31 March 2024. 11. Debtors Consolidated Company 2024 2023 2024 2023 £000 £000 £000 £000 10 69 10 69 Amounts falling due within one year Trade debtors Other debtors Amount due from subsidiary undertaking Prepayments and accrued income Total debtors 18 591 1,032 663 1.063 18 591 681 1,032 1,045 DCMS grant income of £786k relating to 2024 was received post year end (2023: £537k). 25
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 12.Creditors falling due within one year Consolidated 2024 2023 £000 £000 Company 2024 2023 £000 £000 Trade creditors 526 526 265 265 77 12 51 Other taxation and social security Other creditors Accruals Deferred income Total 99 22 307 36 990 99 22 307 36 990 77 12 51 411 411 Analysis of deferred income is as follows: Consolidated 2024 2023 £000 £000 Company 2023 £000 2024 £000 Brought foward 67 67 Utilis8d Arising Total (6) 36 36 (67) (6) 36 36 (67) Deferred income is payments received for managing youth work programmes where the related expenditure will be incurred after 31 March 2025. 13. Financial commitments There were no capital commitments at 31 March 2024. 14.Restricted funds At 31 March 2023 £'ooo At 31 March 2024 £'ooo Incoming Outgoing Transfer resources resources £'ooo 1,248 1,575 1,851 £'ooo (941) (1,624) (1,125) £'ooo (307) (238) (729) Workforce development Professional development Youth sector support activity 465 72 178 69 537 4.674 (3,690) (1,274) 247 26
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 Due to the nature of funding across a number of large individual projects, the restricted funds have been apportioned across the main areas of charitable activity. Details of the individual projects are included in the Trustees Report. Details of transfers between funds are set out in note 6. 15. Designated Funds A designated fund of £200k was set aside at 31 March 2023 to fund the amplify programme, digital development across the Youth Work One platform and scope options for building best practice and approaches for digital youth work delivery in the coming years. £94k was spend during the year from the fund leaving a fund balance of £106.000. 16. Subsidiary company The National Youth Agency controls NYA Trading Limited. The principal activities of NYA Trading Limited are the provision of training and other cornmercial services. A summary of the financial activities for the year and of the assets of NYA Trading Limited is: 2024 2023 £000 £000 Income Resources expended Net (Outgoing>l Incoming Resources Assets Liabilities Funds 14 18 14 18 17. Parent charitable company The unconsolidated surplus of the parent charitsble company for the year was £61 k (2023: deficit £99k). 18. Related Party Transactions There are no related party transactions that require disclosing. 19. Analysis of net assets between funds at 31 March 2024 Total Funds 2024 £000 Unrestricted Restricted Funds Funds £000 £000 Tangible fixed assets Current assets Creditors less than 1 year 30 2.558 30 2,805 247 (990) (990) Net Assets 1,598 247 1.845 27
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 Trustees and Management NYA Committee Membership 2023124 Board of Trustees Carol Stone (Vice Chair (Chair of Impact Committee), appointed Chair May 2023 Alex Renshaw (Chair of Growth Committee) Gabriel Buck (Chair of Finance and Governance Committee) Kenneth Meeson (Chair of Audit Committee) Mark Norris (Chair of People Committee), appointed ViGe Chair May 2023 Breda Leyne (Chair of Education & Training Standards Committee) Sally Carr (Chair of NYA Safeguarding Board) Alison Pickering Amma Anderson Daniel Chery Helen Watson Mark Cory Mervyn Kaye Jonathan Hubbard appointed February 2024 Toby Ducker (Interim Chair), (Chair of Finance and Governance Committee) until May 2023 Mili Patel - stepped down November 2023 Mark Cory - stepped down August 2023 Finance & Governance Committee Gabriel Buck, (Chair), May 2023 Alex Renshaw Carol Stone Toby Ducker. Chair until May 2023 Growth Committee Alex Renshaw, Chair Gabriel Buck Alison Pickering Audit Comrnittee Ken Meeson, Chair Breda Leyne Impact Committee Jonathan Hubbard, (Chair), February 2024 28
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2024 Sally Carr Mervyn Kaye Amma Anderson Carol Stone, Chair until May 2023 Education and Training Standards Cornmittee Breda Leyne, (Chair) Anam Hoque, appointed January 2024 Daniel Chery, appointed February 2024 Darren Lake David Algie David Howell El Warren Faz Sidat, appointed February 2024 Felicha Downie, appointed July 2023 Graham Griffiths Jess Achilleos Kayleigh Wainwright Kerry Gray Mark Straw Ruth Rickman-williams Ry Harris Shaun Watson Simon Williams Sue Gill Toby Hammond, appointed February 2024 Alan Smith, stepped down April 2023 Carol Stone, stepped down February 2024 Charlee Bewsher, stepped down May 2023 Jaffer Ali Hussain, stepped down January 2024 NYA Trading Leigh Middleton Amanda Feam 29
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTHAGENCY 31 MARCH 2024 Principle Places of Business and Advisors The National Youth Agency 9 Newarke Street 19-23 Humberstone Road Leicester LE15SN Auditors Haines Watts, Chartered Accountants Old Station House Station Approach Newport Street, Swindon SN13DU Bankers Barclays Bank Town Hall Square, Leicester LE19A4 Solicitors Bates Wells 10 Queen Street Place, London, EC4R 1BE By order of the Board Carol Stone Chair: Date: 30
REPORT AND FINANCIAL STATEMENTS: NATIONAL YOUTH AGENCY 31 MARCH 2023 National Youth Agency 9 Newarke Street, Leicester LE15SN Company registration no. 2912597 Register charity in England and Wales no. 1035804 nya.org.uk