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2025-03-31-accounts

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE (trading as Ambition)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Charity number: 306065

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CONTENTS Page
Charity information 2
Trustees’ report 3 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Statement of cash flows 11
Accounting policies 12-- 13
Notes to the financial statements 14 - 16

CHARITY INFORMATION

Charity registration number 306065 The Board of Trustees D Thomlinson M Price A Stoneham O Oboh W Bulpitt

Principal address Bankers Independent examiners

UK Youth Braggers Lane Bransgore Hampshire BH23 8EE CAF Bank 25 Kings Hill Avenue West Malling Kent ME 19 4JQ Buzzacott Audit LLP 130 Wood Street London EC2V 6DL

2

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and the financial statements of the Association for the year ended 31 March 2025.

The Trustees have adopted the provisions of the Statement of Recommended Practice (FRS 102 Charities SORP) on Accounting and Reporting by Charities (effective 1 January 2019) in preparing this annual report and the financial statements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Status

The National Association of Clubs for Young People is incorporated under Royal Charter and has operated from 3 July 2012 under the working name of Ambition. It does not have a share capital and is formed otherwise than for profit. The Association is a registered charity, number 306065.

Constitution

Ambition is governed by a Board of Trustees, who meet as required to oversee the governance and strategic direction of the organisation. The Board comprises five Trustees, including the Chair. In November 2015, it was resolved at the AGM that all Trustees would be appointed by the Board to ensure an optimal balance of expertise and experience. Trustees are appointed for three-year terms.

Under the Strategic Alliance Agreement between UK Youth and Ambition, UK Youth is designated as the parent organisation and holds the right to nominate a majority of Ambition’s Trustees. The registered address is Avon Tyrrell Outdoor Activity Centre, Bransgore, Christchurch, Hampshire, BH23 8EE. UK Youth’s company registration number is 05402004 and charity registration number is 1110590.

Trustee Induction

New Trustees complete an induction process covering legal responsibilities, the Memorandum and Articles of Association, committee and decision-making processes, the work plan, and recent financial performance. Trustees are encouraged to visit the UK Youth, meet key staff, and attend relevant training to support their role.

On 30 June 2025, David Thomlinson stepped down as Chair of Trustees and Matt Price assumed the role.

Trustees During the Year

Trustees during the year were as follows M Price D Thomlinson A Stoneham O Oboh W Bulpitt

3

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees’ responsibilities

The trustees are responsible for preparing the trustees’ report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these accounts, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, applicable Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. 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.

Risk Management

The Board is responsible for managing risk. A full risk register covering both UK Youth and Ambition is maintained by UK Youth’s Finance, Risk and Audit Committee. Risks relating specifically to Ambition are reviewed quarterly by the Ambition Board.

Organisational structure

Following the 2017 merger, Ambition’s activities have been fully integrated into UK Youth’s organisational structure and are overseen by the relevant sub-committees of UK Youth’s Board. Ambition Trustees participate in this structure as appropriate.

UK Youth and Ambition share a Senior Management Team, regarded as key management personnel for both entities. Their remuneration is paid by UK Youth and disclosed in UK Youth’s financial statements.

All Trustees give their time freely, and no Trustee received remuneration during the year.

OBJECTIVES AND ACTIVITIES

Objectives and activities for the public benefit

The Trustees have complied with their duty under Section 17 of the Charities Act 2011 to have due regard to the Charity

Commission’s guidance on public benefit.

4

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Objectives

Ambition has been giving young people in local communities the chance of a better future for over 90 years. Our vision is to inspire and encourage all young people to achieve and we do this by leading high quality young people’s services across the UK. Our vision and objectives have always been very similar to those of UK Youth and, following the Strategic Alliance Agreement between the two organisations in 2017, the operations of the two charities were merged to yield significant improvements in efficiency and effectiveness. As a result, Ambition works with UK Youth to achieve its objectives.

Activities

Ambition continues to support local youth organisations in its role as Custodian Trustee and, in some cases, as the full beneficial owner of properties. This role ensures that youth work can continue within local communities. When instructed, Ambition will transfer property to clubs converting to CIO status, transition it to an alternative custodian trustee, or vest it with the Official Custodian for Charities (OCC).

Achievements and performance

Ambition remains an integrated part of the UK Youth Group, with the majority of activities conducted under the UK Youth banner. Custodian Trusteeship and property management services have continued throughout the year, supporting youth organisations through proper stewardship of their properties.

Principal risks and uncertainties

Ambition’s risk management approach forms part of UK Youth’s wider strategy and includes:

This work, overseen by the UK Youth Board, enables the Group to maintain emergency procedures and appropriate contingency plans.

Key risks relating specifically to Ambition during the year included:

Custodian Trusteeship risks : Ongoing focus on legal and reputational risks and conducting thorough due-diligence checks before appointing trustees.

Land Registry compliance : Following the recent property survey, any unregistered properties will be registered to ensure accurate documentation and compliance.

FINANCIAL REVIEW

Total income for the year was £260,315 (2024: £6,789). Expenditure on young people’s services was £216,632 (2024: £34,257), resulting in an operating surplus of £43,683 (2024: deficit of £27,468). After recognising gains/losses on investments, the net surplus for the year was £8,802 (2024: deficit of £27,402).

5

Year-end funds totalled £281,860 (2024: £273,058), comprising:

On 15 April 2024, the Hetton Lyons property was sold for £247,306, significantly increasing reserves. These proceeds will be reinvested in maintaining the charity’s property portfolio.

6

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

Reserves policy

In setting the reserves policy, the Board of Trustees has had regard to both the UK Youth Group’s reserves policy and the specific requirements of Ambition. The Board considers the charity’s surplus or deficit position, together with current and future liquidity needs, in the context of the funds required to maintain safe and consistent operations as part of the UK Youth Group during periods of uncertainty. A key measure of sustainability for Ambition is the availability of adequate working capital. The Board reviews the reserves policy and reserve levels annually.

Having considered Charity Commission guidance, UK Youth Group strategic plans, and prevailing economic and market conditions, the Trustees judge that free reserves of between £100,000 and £200,000 are required to ensure financial stability and provide a safeguard against volatile income streams and unforeseen expenditure or liabilities. The Board monitors reserves regularly as part of its review of the management accounts.

As at 31 March 2025, unrestricted funds totalled £142,691 (2024: £103,894). The year-end figures include properties valued at £255,000 (2024: £240,000) within Tangible Fixed Assets. These properties are held for potential resale; however, as resale is not expected within twelve months, they are not treated as current assets. One property was sold during the year.

After adjusting for the value of properties, Ambition’s free reserves were in deficit by £112,309 (2024: deficit of £136,106), which remains outside the target reserves range set by the Trustees. To maintain working capital, Ambition has a loan facility with UK Youth. The balance on this facility stood at £141,539 as at 31 March 2025 (2024: £141,539). Trustees continue to review options for rebuilding free reserves to target levels, including potential further property disposals.

On 15 April 2024, the Hetton Lyons property was sold for £247,306, resulting in a significant increase in reserves. These proceeds will be reinvested in maintaining the charity’s property portfolio.

The Trustees have reviewed plans for the 2025/26 financial year and the twelve-month period following the signing of these accounts. While the wider economic environment remains uncertain, the Trustees believe that the charity is well placed to continue operating appropriately over this period.

Taking these factors into account, the Trustees have a reasonable expectation that the charity has adequate resources to continue for the foreseeable future. Accordingly, they consider the going concern basis to be the appropriate basis for preparing the annual report and financial statements.

PLANS FOR FUTURE PERIODS

In 2025/26, Ambition will continue to act as Custodian Trustee for approximately 120 youth club properties, holding legal title while day-to-day management remains with the respective trusts.

Ambition will also begin outreach to custodian property holders to support transitions to long-term arrangements. Where appropriate, properties may be transferred to CIOs, moved to an alternative custodian trustee, or vested with the OCC. The Trustees will consider a formal wind-down only once all properties have been safely and appropriately transitioned.

Given the modernised regulatory environment—particularly the ability of charities to become CIOs and hold property in their own name—the Trustees have concluded that an eventual wind-down may be appropriate. Ambition remains committed to supporting youth organisations through any such transition.

Approved by the Trustees on 8 December 2025 and signed on their behalf by nd signed on their behalf by

Matt Price (Chair)

7

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE

Independent Examiner’s Report to the Trustees of National Association of Clubs for Young People (‘the charity’) FOR THE YEAR ENDED 31 MARCH 2025

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.

I report in respect of my examination of the charity’s accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the requirements of the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Gumayel Miah, ACA Buzzacott Audit LLP Chartered Accountants 130 Wood Street London EC2V 6DL

Date: 18 December 2025

8

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOME FROM
Donations and legacies
Investments
Other income
TOTAL INCOME
1
EXPENDITURE ON
Charitable activities
TOTAL EXPENDITURE
2
Net income (expenditure) before movement on
investments
Gains on investments
Net movement in funds
Balances brought forward
Balances carried forward		 Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
Funds
Funds
Funds
Funds
Funds
Funds
2025
2025
2025
2024
2024
2024
£'00
£'00
£'00
£'00
£'00
£'00
29,521
-
29,521
4,785
-
4,785
6,527
6,527
2,004
2,004
224,267
-
224,267
-
-
-
260,315
-
260,315
6,789
-
6,789
221,632
30,000
251,632
34,257
-
34,257
221,632
30,000
251,632
34,257
-
34,257
38,683
(30,000)
8,683
(27,468)
-
(27,468)
119
-
119
66
-
66
38,802
(30,000)
8,802
(27,402)
0
(27,402)
103,889
169,169
273,058
131,291
169,169
300,460
142,691
139,169
281,860
103,889
169,169
273,058

The accompanying notes form part of these financial statements

9

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE BALANCE SHEET AS AT 31 MARCH 2025

2025 2025 2024 2024
£'00 £'00 £'00 £'00
Notes
FIXED ASSETS
Tangible assets 4 255,000 320,000
Investments 5 1,051 932
CURRENT ASSETS
Debtors 6 3,600 700
Cash at bank and in hand 258,558 96,565
262,158 97,265
Creditors: amounts falling due
within one year 7 -94,810 - 3,600
NET CURRENT ASSETS 167,348 93,665
TOTAL ASSETS LESS CURRENT LIABILITIES 423,399 414,597
Creditors: amounts falling due
after more than one year 8 (141,539) (141,539)
TOTAL NET ASSETS 281,860 273,058
FUNDS
Restricted funds 10 139,169 169,169
Unrestricted funds
General fund 9 142,691 103,889
TOTAL FUNDS 11 281,860 273,058

The financial statements were approved, and authorised for issue, by the trustees on 8 December 2025 and signed on their behalf by :

Matt price Chair

The accompanying notes form part of these financial statements

10

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Cash provided by (used in) by operating activities
Net movement in funds
Increase in creditors
(Increase) in debtors
Impairment charge
Net cash provided by (used in) operating activities
Cash flow from investing activities
Sale proceeds from sale of fixed assets
(Gains) on investments
Net cash provided by(used in) investing activities
Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Total cash and cash equivalents at the end of the year		 2025
2025
£
£
8,802
91,210
(2,900)
35,000
132,112
30,000
(119)
29,881
161,993
96,565
258,558		 2024
2024
£
£
(27,402)
34,163
6,761
(66)
(66)
6,695
89,870
96,565		 2024
2024
£
£
(27,402)
34,163
6,761
(66)
(66)
6,695
89,870
96,565
96,565

The only debt the charity has is the loan with the parent entity. The value of this is unchanged in the current and prior years and can be seen at note 8.

11

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

1.1 Basis of accounting and preparation

The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: 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)(effective 1 January 2019) - (Charities SORP (FRS 102)

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. After making enquiries the trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.2 Income

Income including donations, legacies, grants and other income is accounted for when it is probable that the income will be received and the amount can be measured reliably.

1.3 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of resources. Central office support services and premises costs have been allocated based on staff time. The charity is not VAT registered and therefore all expenditure is inclusive of irrecoverable VAT.

1.4 Fixed assets

Properties come into ownership of the Charity when youth associations close down and the subsidiary is named in the constitutional documents of the association as the residual beneficiary on closure. The current intention is to dispose of these properties as soon as appropriate arrangements can be put into place, this will be kept under review.

At the point at which the property reverts to Ambition's balance sheet, these properties are initially recognised based on an estimate of the property's open market value. This is taken to be the deemed cost and no further adjustment is made for changes in value up to the time of its disposal, although the carrying value is assessed for possible impairment at each balance sheet date.

No depreciation is charged on these properties.

1.5 Investments

Investments are a form of basic financial instruments and are initially shown in the financial statements at market value. Movements in the market values of investments are shown as unrealised gains and losses in the Statement of Financial Activities.

Profits and losses on the realisation of investments are shown as realised gains and losses in the Statement of Financial Activities. Realised gains and losses on investments are calculated between sales proceeds and their opening carrying values or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

12

NA TIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE NOTES TO THE FI.YANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025 1.6 Debtors Trade and other debiors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. 1.7 Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a maturity of under three months 1.8 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligalion resulting from a past event that will probably result in the transfer of funds to a ihird party and the amount due to seiile the obligation can be measured or estimated reliably. Creditors and provisions are nommlly recognised at their seitlemeni amount afier allowing for any trade discounts due. 1.9 Fund accounting Unrestricied funds are available for use at the discretion of the In￿lee5 in filltherdnce of the generdl objectives of the Association and which have noi been designaied for other purposes. Within this, designated funds comprise unrestricted funds that have been set aside by ihe tsusiees for particular purposes. The aim and use of each fund is set oui in ihe notes io ihe financial siatements. Restricted funds are funds to be used in accordance with the specific restrictions imwsed by donors or which have been raised for particular purposes. The aim and use of each restricted fund is set out in the notes io the financial statements. 1.10 Areas of eritieal judgement & estimatio The key judgement and estimate used in the prepardiion of these Financial Staiements is in respect of the basis of any impainnent charged on ihe book cost of the tangible fixed assets. There are no oiher key assumptions concerning the fUll￿e and other key sources of estimation uncertainty at the re]M)rting date that have a significant risk of causing a material adjustment io the carrying amounis of assets and liabiliiies within the next financial year. 13

NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1TOTALINCOME
Donations and legacies Other
Income - property sale Other
Income - legal claims
Investments		 Total
Total
2025
2024
£
£
29,521
4,785
221,367
-
2,900
-
6,527
2,004
260,315
6,789

The other income comprises property income and substantial gains from the sale of assets. Notably, the sale of the Hetton Lyons Building generated proceeds of £217,000 to the Unrestricted fund during the year, representing the disposal of a property initially valued at £30,000.

2 EXPENDITURE

Direct costs - young people's services
Property management & legal costs
Support costs
Admimistrative costs
Total		 Total
Total
2025
2024
£
£
166,127
33,477
166,127
33,477
85,505
780
85,505
780
251,632
34,257

3 EMPLOYEE AND KEY MANAGEMENT PERSONNEL INFORMATION

The key management personnel of the Charity comprise the trustees.

There were no staff employed during the financial year and therefore no related salary costs

There was a recharge of staff costs by UK Youth included in administrative costs above.

No trustee received any remuneration or reimbursement of travel expenses during the year. Trustees have not make any donations to the charity in the current or prior years.

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NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4 TANGIBLE ASSETS

ASSETS
Cost or valuation
At 1 April 2024
Disposals
At 31 March 2025
Accumulated depreciation
At 1 April 2024
Impairment
At 31 March 2025
Net book value
At 31 March 2025
At 1 April 2024		 Freehold property
Total
£
£
320,000
320,000
30,000
30,000
290,000
290,000
-
-
35,000
35,000
35,000
35,000
255,000
255,000
320,000
320,000

Properties have been valued at fair value based on existing use by George F White Chartered Surveyors. The valuation was made at 5 September 2017 and Trustees are not aware of any material changes since the date of valuation. Ambition is also responsible as a custodian trustee for more than 100 other properties, which are not included within Tangible Fixed Assets as Ambition does not have beneficial entitlement to these properties

5 INVESTMENTS

Movement in market value
Market value at 1 April 2024
Net gains/losses on revaluation during the year
Market value at 31 March 2025
Historical cost		 2025
2024
£
£
932
866
119
66
1,051
932
118.98
899
899

All investments comprise listed equities located in the UK. 6 DEBTORS

Other debtors
7 CREDITORS: amounts falling due within one year
Trade creditors
8 CREDITORS: amounts falling due after more than one year
Amounts due to parent undertaking (loan)		 2025
2024
£
£
3,600
700
3,600
700
2025
2024
£
£
94,810
3,600
94,810
3,600
2025
2024
£
£
141,539
141,539

The charity has an extended unsecured loan facility of up to £100,000 with the parent, UK Youth. It is interest-free and for a term of not less than 12 months from first drawdown.

UK Youth has subsequently agreed to increase the facility to £140,000 with the term being extended to 31 March 2025. This was further

extended on 30 April 2025 to increase the loan facility to £155,000 under the same terms as the original loan.

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NATIONAL ASSOCIATION OF CLUBS FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9 UNRESTRICTED FUNDS
General Funds
10 RESTRICTED FUNDS
Hetton Lyons property Allendale
Youth Centre property Bridgnorth
Fund		 Balance at 1
April 2024
Income
Expenditure Gains and
Losses
Balance at 31
March 2025
103,889
260,315
(221,632)
119
142,691
30,000
-
30,000
-
-
50,000
-
-
-
50,000
89,169
-
-
-
89,169
169,169
0
30,000
-
139,169

Hetton Lyons and Allendale Youth Centre properties are properties transferrred to the Charity on dissolution of a local youth association. In both cases, the properties and any funds realised from sale are restricted for use in the local area.

Within the financial year, Hetton Lyons was sold for £247,306, and Allendale Youth Centre Title was Transferred to Seacombe Community Association. Bridgnorth Funds are restricted to Youth Work in the Bridgnorth area

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS

OF NET ASSETS BETWEEN FUNDS
At 31 March 2025
General funds
Restricted funds
At 31 March 2024
General funds
Restricted funds		 Tangible assets
Investments
Net current
assets
Creditors:
amounts falling
due after more
than one year
Total
£
£
£
£
£
175,000
1,051
108,184
(141,539)
142,696
80,000
-
59,164
-
139,164
255,000
1,051
167,348
(141,539)
281,860
240,000
932
4,496
(141,539)
103,889
80,000
-
89,169
-
169,169
320,000
932
93,665
(141,539)
273,058

12 FINANCIAL COMMITMENTS

At the reporting end date the Association had no minimum lease payments due under non-cancellable operating leases (2024:

none). 13 RELATED PARTIES

With the exception of the loan as disclosued in note 8, there were no other related party transactions or balances in the current or prior year.

16