HALTON YIIICA LIMITED
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Company Reglstratlon No. 3205893 (England and Wales)
Charlty Reglstratlon No. 1057237

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr C Christou
Mf R M Dawson
Mr R F Kirkman
Mr R Nulty
MrA Keenan
{Appointed 25 September
2023)
Secretary
Mr G Oatridge
Charlty number
1057237
Company number
3205893
Reglstered offlce
St Albans Road
Lytham SIAnnes
Lancashire
FY8 1XD
Independent examlner
Champion Accountanls LLP
Unil 2 Olympic Court
hilehills Business Park
Blackpool
Lancashire
FY4 5GU

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Trustees, report
Independent examinerfs report
Statement of financial acllvities
Balance sheet
Notes lo th8 financlal stalements
6-14

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Thè tnjstees present their annual report and financial stalements for the year ended 31 Mafch 2024.
The financlal statements have been prepared in accordance with the accounting policies sel out in note 1 to Ihe
financial sl8lements and compjy with the charity's Igoveming document], the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
thèir accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland
(FRS 102)" (effective 1 January 2019).
Objectlves and actlvltles
The charity'5 principal activities are to benefit the public by:
Offering accommodation and support lo vulnerable homeless people (mainly 16-25 year olds (700k) and
preparing homeless people for independenl living via the provision of complementary supporl aclivilies.
Apply a holislic approach to the needs of individuals
Encourage freedom of choice and self determination withln a Chr15tlan framework
Provide genuine equality of opportunity and outcome
Operale to the highesl standards bolh elhlcally and financially
Secure a true partnership be￿een members, staff and volunteers
Develop, train and equip lay-members and workers both pald and voluntary
Provide opportunilies for spirilual development in general and in particular In an environment in whlch
people can explore and develop a relationship wilh Jesus Chrlst.
The trustees have paid due regard lo guidance issued by Ihe Charity Commission in deciding what activities the
charily should underlake.
Achlevements and performance
The charity has continued to be engaged wilh Iwo olhei charitles lo dellver its charitable oblectSves. YMCA
Blackburn remain the freeholders of HaSton Lodge and engage YMCA Halton to manage Ihe on the ground
operation In turn. YMCA Hallon currenlly have a management agreement with Changing Live5 t who provide
supported accommodallon lo 66 residents within Hallon Lodge, courtesy of a commlssioned contract with Hallon
MBC.
Flnanclal revlew
The results for the year set out on page 4 sh¢)w a surplus on unrestricted funds of £74,863 (2023: £41,678) and
after the actuarial surplusl{deficit) on the pension scheme Ihe net surplus for the year of £112,956 (2023..
(£31,427)) has been carried fotward lo nexl year. Total reserves are £414,089 {2023 . £301.133).
In year activity took place to make remedial building repairs in accordance with annual health and safety audils
and fire risk assessments.
It 18 Ihe pollcy of the charity that unrestricted funds which have not been designated for a specrfic use should be
malntaine(fj at a level equivalent to between three and six month's expendilure. The level of reserves Is deemed
appropriale and will be monitored Ihroughoul the year by Iruslees with investment in the building being
considered in order lo ensure qualily of provision and reduce reactive maintenance spend.
The trustees note the risk relaling lo YMA Halton's participation In a defined benefit pension scheme, whi18t also
a¢kno￿edg1ng that this risk has reduced over Ihe last few years. Additlonal conlribulions continue to be made lo
reduce the deficil, bul these contributions are viewed as being manageable. As part of the YMCA federation, the
multi-employer pension scheme is run by an independent Trustee board wilh employer representation through
the Principal Ernployer, National Council of YMCAS.
The trustees have reviewed the long term financial position of the charrty and have considered cashflow required
lo meet bank loan requirements. Ongoing income is sufficient to meet operating costs and all anticlpated
expenditure. The trustees are Iherefore of Ihe opinion that the charily can continue lo operale on a going concern
basis.

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future perlods
The management agreemenl with Changing Lives is due to remain In place untll M8rch 2026, and it is expected
that Halton MBC will launch a lender process for supported accommodalion in the area.
Over the next 12 months, the truslees will conduct an opllons appraisal to identify opportunities for delivering
YMCA'S charilable objecllves in the area.
structurè. governance and management
The charity is a company limiled by guarantee, incorporated on 31 May 1996. The company was eslablished
under a Memorandum of Association which eslablished the objects and powers of the charitable company and is
governed under ils Arllcles of Associalion.
The trustees. who are also the directors for the purpose of company law, and who setved during the year and up
to the date of signature of the financial slalements were:
Mrs J Walker
(Resigned 31 May 2023)
Mr C Chrislou
Mr R M Dawson
Mr R F Kiikman
Mr R Nulty
MrA Keenan
(Appointed 25 Seplember 2023)
The directors of the company are also charity trustees for Ihe purposes of charity law and under the company's
Articles are known as members of the Management Committee. Under the requirements of the Memorandum
and Articles ofAssocialion the members of the Management Commiltee are elected lo serve for a period of three
years after which they must be re-elected at the next Annual General Meeting.
Trustees meet a minimum of four limes a year to revlew progress agalnsl strategy, determine approwlate use of
charitable resources and assess iisk.
New Iruslees are party to an Snduclion programme whlch includes informalion about the YMCA movemert. its
history, vision and mission. 11 also includes information on the legal responsibilities of truslees and directors, as
set out in the Charity Commission's 'Essenlial Truslee. guidance document and Companies House guldance
documents.
In so far as Il Is complementary to the charity's objeds, the charily is guided by policies formulaled by Ihe
Assoclation.
The trustees, report was approved by the Board
rustees.
Mr R Nulty
Truslee
Daled: 23 September 2024

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HALTON YMCA LIMITED
I reF)Ort to the Irustees on my examination of Ihe financial statements of Hallon YMCA Limited {the charity) for Ihe
yeai ended 31 March 2024.
Responslbilltles and basls of report
As the trustees of the charity (and also its directors for Ihe purpose5 of company law) you are responsible for the
preparation of the financial slatements in accordance with the requirements of the Companies Act 201% (the 2006
Act).
Having satisfied myself that the financial stalements of the charity are not required to be audited under Part 16 of
Ihe 2006 Act and are ellgible lor independent examination. I report in respect of my examination of th8 charily's
financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Dlrections given by the Charity Commission under section 145(5)Ib)
of the 2011 Act.
Independent examlnerfs 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 l am qualified to undertake the examlnation because l am a member of the
Institute of Chartered Accountanls in England & Wales. which is one of the listed bodles.
I have completed my examinalion. I confirm that no malters have come to my atlention in connection with lh8
examination giving me cause to believe that in any material respect:
accounling records were not kept in respect of Ihe charity as required by sectlon 388 of the 2006 Act., or
the financial statements do not accord wilh Ihose records; or
the financial slalements do not comply with the accounting requirements of section 396 of the 2006 Acl olher
than any requirement that the accounts give a Itue and fair vlew which is nol a maller considered as part of an
independent examination., or
the financial slalemenls have not been prepared In accordance with Ihe methods and princlples of the
statement of Recommended Practice for accounting and reporting by charitles applicable to charilies
preparlng their accounts In accordance wilh the Financial Reporllng Standard applicable in the UK aiKI
Republic of Ireland {FRS 102).
I have no concerns and have come across no other m81ters in connection with the examinalion to whlch atlenlion
should be drawn in Ihis report In order to enable a proper understandlng of Ihe financial statemenls to be reached.
ChLL¥VLO n ft cc£lLLtLkLr¢￿ LLe .
Champlon Accountants LLP
Unit 2 Olymplc Court
Vvhitehllls Business Park
Blackpool
Lancashire
FY4 5GU
Dated,, 23 September 2024

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
2024
202J
Notes
co
Charitable 8clivities
Investments
340,439
3,288
351,885
1,000
Total Income
343,727
352,885
Charitable aclivilies
268.864
311,207
Net Income for the yearl
Net Incomlng resources
74,863
41.678
Other recognlsed galns and losses
Acluarial gainllloss) on defined benefit pension xhemes
38,093
(10,251)
Nel movement In funds
112,956
31,427
Fund balances at 1 April 2023
301,133
269,706
Fund balances at 31 March 2024
414,089
301,133
The slalement of financial activilies includes all gains and losses recognised in the year.
The slalement of financlal actlvilies includes all gains and losses recognlsed in the year. All Income and
expenditure derive from continuing aclivilies.
The statement of financial activities also complies wilh the requirements for an Income and expenditure account
under the Companies Act 2006.

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Noles
Flxed assets
Tanglble assels
11
670
457
Current assets
Debtors
Investmenls
Cash al bank and In hand
12
13
6,626
200,000
274,525
30.201
175.000
212,645
481,151
417.846
CredStors: amounts falllng due wlthln
one year
14
(14,891)
(3,695)
Net current assets
466,260
414,151
Total assets less current Ilabllltles
466,930
414.608
Provlslons for Ilabllltles
16
(52,841)
(113,475)
Net assets excludlng penslon Ilablllty
414,089
301.133
Net assets
414,089
301,133
The funds of the charlly
Unrestricted funds
414,089
301,133
414,089
301,133
The company Is entitled to the exemption from the audit requirement contained in seclion 477 of Ihe Companles Act
2006, for the year ended 31 March 2024.
The dlreetor acknowledges his responsibilities for comptying with the requirements of Ihe Companles Act 2006 wllh
respect to accounting records and Ihe preparalion of financial statemenls.
Th8 members have not required the company to obtain an audit of ils financial statements for the year in question in
accordance with section 476,
Th8se financlal statements have been prepared in accordance with the provisions applicable to companies subject
lo the small companies regime.
The financial statements we
proved by the trustees on 23 September 2024
Mr R Nulty
Trustee
Company registration number 3205893 (England and Wales)

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Charlty informatlon
Hallon YMCA Limited is a private company limited by guarantee incorporaled in England and Wales. The
registered office is Sl Albans Road. Lytham St Annes, Lanca5hlre, FY8 1 XD.
1.1 Accountlng Gonvention
The financial statements have been prepared in accordance with Ihe charity's [governing documenll, the
Companies Acl 2006, FRS 102 "The Financial Reporting Slandaid applicable in the UK and Republic of
Ireland. ('FRS 102.) and the Charities SORP "Accounting and Reporting by Charities= Stalemenl ol
Recommended Praclice applicable to charities preparing Iheir accounts in accordance with the Financlal
Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102)" (effeclive l January 2019). The
charity is a Public Benefit Entity as defined by FRS 102,
The charily has taken advantage of the provislons in the SORP for chaiilie8 nol to prepare a Stalement of
Cash Flows.
The financlal statements are prepared in slerling, which is Ihe funclional currency of the charity. Monetary
amounts In these financial slaternents are rounded lo Ihe nearest £.
The financlal slatemenls have been prepared under the historical cost convention. The principal accounting
policles adopted are sel out below.
1.2 Golng concern
At the lime of approving the financial statements, the truslees have a ieasonable expectation that the charity
has adequate resources to conlinue in operational existence for Ihe foreseeable fulure. Thus the trustees
conlinuo to adopt the going concern basis of accounling in preparing the financial slatemenl5.
1,3 Charltable funds
Unreslricled funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to speclfic conditions by donors or grantors as lo how Ihey may be used. The
purposes and uses of the reslricted funds are sel out in the notes to the financial 51atemenls,
Endowment funds are subject to specific conditions by donors thal the capilal must be maintained by the
charily.
1.4 Incomlng resources
Income is recognised when the charily is legally enlitled to il after any performance conditions have been met,
Ihe amounts can be measured reliably. and it is probable that income will be recelved.
Cash donations are recognised on receipl. Other donations are recognised once Ihe chaiity has been notified
of the donalion, unless performance conditions require delerral of Ihe amount. Income lax recoverable in
relation to donations received urKler Gift Atd or deeds of covenant is recognised at the time of Ihe donation.
Legacie5 are recognised on receipt or olherwise if the charity has been notified of an impending dlstfibLJlion,
the amount is known, and receipt Is expected. If the amount is not known. the legacy is trealeit as a
contingent assel.
Gianls are recognised as income when the charity has enlillement lo the funds, any performance conditions
attached to the granls have been met, il is probably that Ihe income will be received and Ihe amount can be
measured reliably and is nol deferred.
Rent receivable under a management contract is recognised when receivable.

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policles
(Continued)
1.5 Resources expended
Expendiluie Is recognised once there is a legal or construclive obligalion lo transfer economic benefit to a
Ihird party. it is probable Ihal a Iransfer of economtc benefits will be required in setllemenl, and the amount ol
the obligation can be measured reliably.
Expenditure Is classified by activity. The costs of èach aclivily afe made up of the lotal of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct cosls attributable to a single
aclivily are allocated directly to that activity. Shared costs which contribule to more Ihan one activity and
suppori cosls which are not allribulable to a single activity are apportioned behmeen those activities on a basls
consistent with Ihe use of resources. Central slaff costs are allocated on Ihe basis of tlme spent, and
depreciation charges are allocaled on the portK)n of the asset's use.
Expenditure is recognised once there is a legal or constfuclive obligation to make a paymenl lo a third party, It
is probable that selllemenl will be required and the amounl of Ihe obligation can be measured reliably.
Support costs are those functions that a88isI Ihe vlork of the charity bul do not directly undertake charitable
activili8S,
Governance costs Include independenl examinatlon fees and certain other expenses that do not relate
directly relate to charitable aclivilies.
1.6 Tanglble flxed assets
Tangible fixed assels are initially measured at cost and subsequently measured at cost or valualion, nel of
depreciatlon and any impairment losses.
Depreclatlon Is recognised so as to write off Ihe cost or valuation of assels less their iesSdual values over their
useful lives on the following bases:
Fixtures and fillings
Computers
CCTV
Fenclng
250A on cost
250kn and 30CA* on cosl
25% on cost
10% and 20% on cost
The gain or loss arising on the disposal of an asset is determined as Ihe difference between the sale
proceeds and the carrying value ol the asset. and is recognised in the statement of financial aclivilies.
1.7 Impalrment of flxed assets
At each reporting end dale, the charity reviews the carrying amounts of its tangible assets to deleimine
whether there is any indication that Ihose assets have suffered an impairmenl loss. If any such indkalion
exisls, the recoverable amount of Ihe asset is estimated in order to detemiine the extenl of the Impairmenl
loss (if any).
1.8 Cash and cash equlvalents
Cash and cash equivalents Include cash in hand, deposits held at call with banks. other short-term liquid
inveslmenls with original maturities of Ihree months or less, and bank overdrafts. Bank overdrafts ale shown
within borrowings in Cuffent liabililies.

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
(ContSnued)
1,9 Flnancial instruments
The ¢harily has elected to apply the prowsions of Seclion 11 'Bastc Financlal Instruments. and Section 12
'Olher Financial Instruments Issues, of FRS 102 lo all of ils financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charlty becomes party lo the
contractual provisions of the inslrument.
Financial assets and liabilities are offset, with the net amounls presenled in the financial slatemenls, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
nel basis or lo realise the asset and settle the liability simultaneously.
Bas1¢ flnancial assels
Basic financial assets, which include debtors and cash and bank balances, are inilially measured at
Iransaction price including transaction costs and are subsequently carried at amortised cosl Lssing the
effective interest melhod unless the arrangement constitutes a financing transaclion, where the Iransaclion is
measured at the present value of the future receipts discounled at a market rale of interest. Financial assets
classified as receivable within one year are nol amortised.
Baslc flnanclal Ilablllties
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
Ihe arrangement conslilules a financlng transaclion, where Ihe debt instrumenl is measured at the present
value of the future payments discounted al a market rale of inleresl. Financial liabllilies classified as payable
within one year are nol amortised.
D8bt instruments are subsequently carried at amorlised cost, uslng the effeclive interest rate melhod.
Trade credltors are obligalions to pay for goods or se￿ICeS Ihal have been acquired in the oidlnary course of
operations from suppliers. Amounls payable are classified as current liabilities if payment Is due within one
year or less. If not, Ihey are presenled as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cosl using Ihe effective inleresl melhod.
Derecognltlon ol financial liabllltles
Financial liabililles are derecognised when the charity's contractual obligatlons expire or are dlscharged or
cancelled.
1.10 Employee beneflts
The cost of any unused holiday entitlemenl is recognised in the perlod in which the employee's services are
received.
Termination benefits are iecognised Immediately as an expense when the charity is demonstrably commilled
to teiminate Ihe employment of an employee or to provide termination benefits.
1.11 Retlrement beneflts
Hallon YMCA Limited participated in a multi-employer defined benefit pension plan for employees of YMCAS
in England, Scotland and Wales. which was closed lo new members and accruals on 30 April 2007. Due to
insufficient information. the plan's acluary has advised Ihal il is not possible to separately identify the assels
and liabilities relaling to Hallon YMCA Limited.
As described in note 17, Halton YMCA Limited has a contractual obligation to make pension deficil paymenls
of £18,001 p.a. over the period to April 2027 (2023 = £22.541 p.a. to April 2029), and accordingly this is shown
as a liability in these accounts. Halton YMCA Limited is required to conlribute £5,737 p.a. (2023.. £5,323 p.a.)
lo the operating expenses of the pension plan and these costs are charged lo the Statement of Financial
Activities as made.

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable actlvltles
Houslng
support
2024
Houslng
support
2023
Chaiilable renlal income
340,439
351,885
Income from Investments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Interest receivable
3,288
1,000
Descrlptlon of charllable actlvltles
Provision of accommodalion and support to vulnerable homeless people.
Support cosls allocated to actlvltles
Support costs
2024
Total
2023
Administration charges
Governance
26,990
7,497
25,385
7,732
2024
2023
Governance costs comprlse:
Legal and professlonal
Accounlancy
other costs
Pension plan expenses
102
2,342
431
4.857
1,850
332
5,315
7,497
7,732
Comparalive figures have been amended to reallocate renl charges out of support costs admlnislrative
charges to direct expenditure on charilable activiltes.

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net movement In funds
2024
2023
The net movement in funds is stated after chargingl{crediting)=
Depreclatlon of owned tangible fixed assets
383
234
Trustees
None of the trustees (or any persons connected with Ihem) received any remuneration or benefits from Ihe
charily during the year.
Charltable actlvltles
2024
2023
Staff costs
Depreciation and impairment
Rent
Repairs & maintenance
Insurance
Motor & travel
Telephone
Other office costs
Sundry expenses
Tralnlng
14,988
383
145,804
69,004
2,828
114
164
937
13,208
234
129,414
130,524
2.096
219
246
2,018
145
130
234.377
278,090
Share of support costs (see nole 5)
Share of governance cosls {see note 5)
26,990
7,497
25,385
7.732
268,864
311,207
Analysls by fund
Unrestricted funds
268.864
268.864
For the year ended 31 March 2023
UnrestrScled funds
311,207
311,207
10-

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employee5
The average monthly number of employees during the ye8r was:
2024
Number
2023
Number
Number of staff
Employment costs
2024
2023
Wages and salaries
14,988
13,208
There were no employees whose annual remuneralion was more Ihan £60,000,
There were no key management personnel during the year.
10 Taxatlon
The charily is exempt from laxalion on its activities because all ils income is applied for charitable purposes.
11 Tanglble flxed assets
Flx(ures and
littSng5
Compuiers
CCTV
Fonclng
Total
Cost
At 1 April 2023
Addilions
30,166
596
86,186
77.068
8.321
201.739
596
At 31 March 2024
30.762
86.186
77,066
8,321
202,335
Depreclallon and Impalrment
At 1 April 2023
Depreciation tharged in the year
29,709
383
86,186
77,066
8,321
201,282
383
At 31 March 2024
30,092
86,186
77.066
8,321
201,665
Carrylng amount
At 31 March 2024
670
670
At 31 March 2023
457
457
11

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Debtors
2024
2023
Amounts falllng due wlthln one year:
Trade debtors
other debtors
Prepayments and accrued income
3,233
1,064
2,329
27,615
349
2,237
6,626
30.201
13 Current asset Investments
2024
2023
Loans
200,000
175,000
Loans are lo relaled parties as delalled in note 18.
14 Credltors: amounts falllng due wlthin one year
2024
2023
Trade crediloTS
Accruals and deferred income
12,591
2,300
3,695
14,891
3,695
15 Provlslons for Ilabllllles
2024
2023
Notes
Retirement benefit obligations
17
52.841
113,475
52,841
113,475
16 Unr8Str5cted funds
The unrestricted funds of the charily comprise the unexpended balances of donations and grants which are
not subject to specific condilions by donors and grantors as to how they may be used. These includ8
designated funds whlch have been sel aside out of unrestricted funds by the trustees foi specific purposes.
At 1 Aprll
2023
Incomlng
resources
Resources At 31 March
expended
2024
General funds
301,133
343.727
{230,771)
414,089
12-

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Unrestrlcted funds
(Contlnuedl
Previous year:
At 1 Aprll
2022
Incoming
resources
Resources At 31 March
expended
2023
General funds
269.706
352.885
(321,458)
301,133
17 Retlrement beneflt schemes
The charity operates a defined contribulion pension scheme for all qualifying employe85. The assets of the
scheme are held separately from those of the charity in an independenlly administered lund. No conlributions
were payable during Ihe yeai.
Deflned beneflt schemes
Halton YMCA Limited particlpaled In a conlribulory penslon plan providlng defined benefits based on fin81
pensionable pay for employees in YMCAS in England, Scotland and Wales. The assets of the YMCA Pension
Plan are held separately from those of Hallon YMCA Limited and al the year end Ihese were invested in the
Mercer Dynamic De-risklng Solulion. 650A matching portfolio and 35% in the growth portfolio and Schroder
(property unlts only).
Valu81ion
The most recent completed three year valualion was as a11 May 2023. The assumptions used whlch have the
most significant effect on the results of Ihe valuation are those relaling to the assumed rates of relurn on
assets of 4.56%, the increase in pensions in payment of 3.18Yo (for RPI capped al 5% p.a), and the average
life expectancy from normal retirement age (of 65) for a current male pensioner of 21.5 years, female 24.0
years. and 23.1 years for male pensioners, female 25.7 years. reliring in 20 years time. The resull ol Ihe
valualion showed Ihat the actuarial value of the assets was £103.1 m, which represenls 920/0 of thé benefits
that had accrued to membeTS.
The pension plan was closed lo new members and fulure se￿ice accrual with effecl from 30 April 2007. With
the removal of the salary linkage for benefits. all employed deferred members became deferred members as
from 1 May 2011.
The valuatlon prepared 8t 1 May 2023 showed Ihat Ihe YMCA Pension Plan had a total deficit of £9.1 milllon
and Hallon YMCA LSmited has been advised that il will need lo make monthly contributions of £1500 from 1
May 2024. This amount is based on the current actuarial assumptions (as outlined above) and may vary in
the future as a result of actual performance of the Pension Plan. Agreed future deficit contributions have been
discounted using a rate of 5.30kn (2023.. 30A). The Cufient recovery period is 3 years commencing 1 May 2024.
2024
2023
Repayable..
Wlhin one year
2-5years
Afier 5 years
18,001
37,502
22,541
78,894
12,040
Tolal due
55,503
113,475
13-

HALTON YMCA LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Retlrement benefit schemes
Icontinued)
In addition, Halton YMCA Limited may over tlme have liabilities in the event of non-payment by other
participaling YMCAS of their share of the pension plan deficit. It is not possible lo currently quantify the
potential amount Ihal City of Bradford YMCA maybe called upon to pay in the future.
18 Related party transacllons
Remunerat5on of key management personnel
There were no key management personnel during the year.
Al the balance sheet date Hallon YMCA was owed loan monies from Blackburn YMCA of £175,000 whlch is
interest free. unsecured and repayable on demand. Hallon YMCA was also owed loan monles from Bolton
YMCA of £25,000, which is a subsldiary of Blackburn YMCA. The enlilies are connected by virtue of a
common director.
14-