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 inStan￿S 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 a￿1 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, re￿ived.

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 apprentI￿shiP 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 ac￿lerate 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 be￿een 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