HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company Reglstratlon No. 3205893 (England and Wales) Charlty Reglstratlon No. 1057237 AEBTYOA3 2510912025 COMPANIES HOUSE
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr C Christou Mr R M Dawson Mr R F Kirkman Mr R Nulty MrA Keenan Secretary Mr G Oatridge Charity number (England and Wales) 1057237 Company number 3205893 Registered office st Albans Road LttaM St Annes Lancashire FY8 1XD Independent examlner Champion Accountants LLP Unit 2 Olympic Court Whitehills 8usiness Park Blackpool Lancashire FY4 5GU
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE CONTENTS Page Trustees, report Independent examinefs report Statement of financial activities Balance sheet Notes to the financial stalements 6-14
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial stalernent5 have been prepared in accordance with the accounting policies set out in note 1 to the financial ststements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" Objectlves and aclivltles The charity's principal activities are to benefit the public by.. Offering accommodation and support to vulnerable homeless people (mainly 16-25 year olds (70¥0) and preparing homeless people for independent living via the provision of complementary support activilies. Apply a holistic approach to the needs ol individuals Encourage freedom of choice and self determination within a Christian framework Provide genuine equality of opportunity and outcome Operate lo the highest standards both ethically and financially Secure a true partnership between members, staff and volunteers Develop, train and equip lay-members and workers both paid and voluntary Provide opportunities for spiritual development in general and in particular in an environment in which people Can explore and develop a relationship with Jesus Christ. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities Ihe charity should undertake. Achievements and performance The charity has continued to be engaged with Iwo other charilies lo deliver its charitable objectives. YMCA Blackburn remain the freeholders of Halton Lodge and engage YMCA Halton to manage the on the ground operation. In turn, YMCA Halton currently have a management agreement with Changing Lives who provide supported accommodation to 66 residents within Halton Lodge. courtesy of a commissioned contract with Halton MBC. Financial revlew The results for the year set out on page 4 show a surplus on unrestricted funds of £97,502 (2024.. £74,863) and after the actuarial deficit on the pension scheme the net surplus for the year of £95,S1012024'. (£112,956) has been carried loard to next year. Total reserves are £509.599 (2024 '. £414,089). In year activity took place to take remedial building repairs in accordance with the annual health and safety audits and fire risk assessment. It is the policy of the charity that unrestricled funds which have not been designated for a specrfic use should be maintained at a level equivalent lo beeen three and six month's expenditure. The level of reserves is deemed appropriate and will be monitored throughout the year by trustees with investment in the building being considered in order to ensure quality of provision and reduce reactive maintenance spend. Consideration will also be given as to how reserves can be used to further YMCA Halton's charitable objects. The trustees not8 the risk relating to YMA Halton's participation in 8 defined benefit pension scheme, whilst also acknowledging that this risk has reduced over the last few years. Additional contributions continue to be made to reduce the deficit, but 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 Employer, National Council of YMCAS. The trustees have reviewed the long term financial position of the charity. Ongoing income is sufficient to meet operating costs and all anticipated expenditure. The trustees are therefore of the opinion that the charity can continue to operate on a going concern basis.
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Plans for future periods The management agreement wilh Changing Lives is due to remain in place until March 2026, and it is expected that Hallon MBC will launch a tender process for supported accommodation in the area in late Summerlearly Autumn. The trustees are actively pursuing options to identify opportunities for delivering YMCA'S charitable objectives in the area. Structure, governance and management I"he charity is a company limited by guarantee, incorporated on 31 May 1996. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles ofAssociation. The trustees, vtho are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were.. Mr C Christou Mr R M Dawson Mr R F Kifkman Mr R Nulty MrA Keenan The directors of the company are also charity trustees for the 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 of Association the members of the Management Committee are elected lo serve for a period of three years after which they must be re-elected at the nextAnnual General Meeting. None of the trustees have any beneficial interest in the company. All Iruslees are members of the company and have liability limited to £1 in Ihe event of a winding up order. Trustees meet a minimum of four times a year to review progress against strategy, detemiine approwiate use of charitable resources and assess risk. New twstees are party lo an induction programme which includes infonnation about the YMCA movemert, its hi510ry. vision and mission. It also includes information on the legal responsibilities of trustees and directors, as sel oul in the Charity Commission's 'Essential Trustee, guidance document and Companies House guidance documents. In so far as it is complementary to the charity's objects, the charity is guided by policies fom)ulated by the Association. The Irus es, eport was approved by the Board of Trustees. Mr R Nulty Trustee Dated: 23 September 2025
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HALTON YMCA LIMITED I report to the trustees on my examination of the financial statements of Halton YMCA Limited (the charity) for the year ended 31 March 2025. Responsibilities and basls of report As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011, In carrying out my examination I have followed the Directions given by the Charity Commission undef section 145(5)(b) of the Charities Act 2011. Independent examlnorfs 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 examination because l am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies. I have completed my examination. I confiryn that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as requlred by section 386 of the Companies Act 2006. the financial statements do not accord with those records: or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is n(A a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial stalements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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 financial statements to be reached. Champlon Accountants LLP Unil 2 Olympic Court Imiitehills Business Park Blackpool Lancashire FY4 5GU 23 September 2025
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes In ome Charilable activities Investments 396,392 4,513 340,439 3,288 Total income 400,905 343,727 iture o Charitable activities 303,403 268,864 Net income for the yearl Net Incomlng resources 97,502 74.863 Other recognised galns and losses Actuarial (lossllgain on defined benefit pension schemes <1,992) 38,093 Net movement in funds 95,510 112,956 Fund balances at 1 April 2024 414,089 301,133 Fund balances at 31 March 2025 509,599 414,089 The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses Cognised in the year. All income and expenditure derive from continuing aclivilies. The s'tatement 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 AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 11 1,155 670 Current assets Debtors Investments Cash at bank and in hand 12 13 1,979 200,000 348,239 6,626 200,000 274,525 550,218 481,151 Creditors: amounts falllng due wlthln one year 14 {5,3241 {14,891) Net current assets 544,894 466.260 Total assets less current Ilabilitles 546,049 466,930 Defined benefit pension liabilty 17 136,450) {52,841) Net assets 509,599 414,089 The funds of the charlty Unrestricted funds 16 509,599 414,089 509,599 414,089 The company is entitled lo the exemption from the audit requirement contained in sectlon 477 01 the Companies Act 2006, for the year ended 31 March 2025. The director acknowledges hi5 responsibilities for complying bwth the requirements of the Companies Act 2006 wilh respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial tatements have been prepared in accordance with the provisions applicable to companies subje to the small co anies regime. The financi al nts were approved by the trustees on 23 September 2025 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 2025 Accounting pollcles Charity informatlon Halton YMCA Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is St Albans Road, Lytham St Annes, Lancashire, FY8 1 XD. 1.1 Accounting conventlon The financial statements have been prepared in accordance with the charity's governing document. Ihe Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 1021" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for ch8rities not to prepare a statement of cash flo¥Ns. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accountlng policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing ihe financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their chantable objectives. Restricted lunds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial statements. Endowment funds are subject to specific conditions by donors that the caprtal must be maintained by the charity. 1.4 Incoming resources Income is recognised when the charty is legally enlilled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance condilions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dEtribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Grants are recognised as income when the charity has entitlement to the funds. any perfomance coThJitions attached to the grants have been met, it is probably that the income will be received and the amount can be measured reliably and is not 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 2025 Accounting polScles (Continued) 1.5 Resources expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable Ihat a transfer of economic benefits will be required in settlement, and the amount of the obligats'on can be measUd reliably. Expenditure is classified by activity. The costs of each activty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with Ihe use ol resources. Central staff costs are allocated on the basis of time spent, and depreuation charges are allocated on the portion of the assel's use. Expenditure is recognised once Ihere is a legal or constructive obligalion to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Support costs are those functions that assist Ihe work of the charity but do not directly undertake charitable activities. Governance costs include independent examination fees and certain other expenses that do not relate directly relate to charitable activities. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or VAILJation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings Computers CCTV Fencing 25% on cost 25% and 30% on cost 250A on cost 10% and 20% on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalrment of fixed assets At each reporting end date, the charity revIeV the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indiation exists, the recoverable amount of the asset is estimated in order to determin& the extent of the impairment 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 investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles Icontlnued) 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instfuments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instwments. Financial instfumenls are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intenlion to settle on a net basis or to realise the asset and settle the liabilily simultaneously. Baslc financial assets Basic financial assets, which include debtors and cash and bank balances, are inrtially measured at transaction pnce including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rale of interesl. Financial liabilities classified as payable wrthin one year are rt amortised. Debt inslrumenls are subsequently carried at amortlsed cost, using the effeclive interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts pay.able are classified as current liabilities if payment is due within one year or less. If nol, they are presented as non-currenl liabilities. Trade Creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of linanclal Ilabllltles Financial liabilities afe derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.. Temination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminale the employment of an employee or to provide temination benefits. 1.11 Retirement benefits Halton YMCA Limited participated in a multi-employer defined benefit pension plan for employees ol YMCAS in England, Scotland and Wales, which was closed to new members and accruals on 30 Apnl 2007. Due to insufficient infomiation, the plan's actuary has advised that it is not possible to separately identify the assets and liabilities relating to Halton YMCA Limited. As described in note 17, Halton YMCA Limited has a contractual obligation to make pension deficit payments of £18,001 p.a. over the period to April 202712024 '. £18,001 p.a. toApril 2027), and accordingly tris is shown as a liability in these accounts. Hallon YMCA Limited is required to contribute £5.632 p.a.12024.' £5.737 p.a.) to the operating expenses of the pension plan and these costs are charged to 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 2025 Income from Investments Unrestricled Unrestricted funds funds 2025 2024 Interest receivable 4,513 3,288 Income from charitable activitles Housing support 2025 Housing support 2024 Charitable rental Income 396,392 340,439 Descrlptlon of charltable activltles Provision ol accommodation and support to vulnerable homeless people. Support costs allocated to activities Support costs 2025 Total 2024 Administration charges Governance 29,631 8,828 26,990 7,496 2025 2024 Governance costs comprise: Accountancy Other costs Pension plan expenses 2,716 405 5.705 1,850 331 5,315 8,826 7,496
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement in funds 2025 2024 The net movement in funds is slated after chargingl(crediting)'. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 2,716 509 1.850 383 Trustees None of the trustees (or any persons connected with them} received any remuneration or benefits from the charity during the year. Employees Th8 averagé monthly number of employees during the year was.. 2026 Number 2024 Number Number of staff Employment costs 2025 2024 Wages and"salaries 17,809 14,988 There were no employees whose annual remuneration was more than £80,000. There were no key management personnel during the year. 10-
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable actlvlties 2025 2024 Staff costs Depreciation and impairment Rent Repairs & maintenance Insurance Motor & travel Telephon other office costs Sundry expenses Training 17.809 509 147.820 94.915 1.965 91 281 1,346 210 14.988 383 145,804 69,004 2,828 114 164 939 145 264.946 234,378 Share of support costs (see note S) Share of govemance costs (see note 5> 29,631 8,826 26,990 7,496 303,403 268,864 Analysis by fund Unrestricted funds 303,403 303,403 For the year ended 31 March 2024 Unrestricted funds 268,864 268,864 10 Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 11
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tanglble fixed assets Flxtures and flttings Compute CCTV Fencing Totsl Cost At 1 April 2024 Additions 30,762 995 86,186 77,066 8,321 202,335 995 At 31 March 2025 31,757 86,186 77,066 8,321 203,330 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 30,093 509 86,186 77,066 8,321 201,666 509 At 31 March 2025 30,602 86,186 77,066 8,321 202,175 Carrying amount At 31 March 2025 1,155 1.155 At 31 March 2024 670 670 12 Debto 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 3,233 1.064 2.329 1,979 1,979 6.626 13 Current asset investm6nts 2025 2024 Loans 200,000 200.000 Loans are to related parties as detailed in note 18. 14 Creditors: amounts falling due within one year 2025 2024 other taxation and social security Trade creditors Accruals and deferred income 162 12.591 2.300 5.162 5,324 14.891 12
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Provisions for liabilities 2025 2024 Notes Retirement benefit obligations 17 36,450 52,841 36.450 52,841 16 Unrestricted funds The unrestricted tunds of the charily comprlse the unexpended balai)ces of donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2024 Incomlng resources RKources expended Galns and At 31 March losses 2026 General funds 414,089 400,905 (303,403) (1,992) 509,599 Prevlous year: At 1 Aprll 2023 Incomlng resources Resources expended Galns and At 31 March losses 2024 General funds 301,133 343,727 (268,864) 38,093 414,089 17 Retirement benefit schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those ol the charity in an independently administered fvnd. No conlribulion5 were payable during the year. Deflned beneflt schemes Halton YMCA Limited participated in a contributory pension plan providing defined benefits based on final pensionable pay. for employees in YMCAS in England, Scotland and Wales. The assets of the YMCA Pension Plan are held separately from those of Halton YMCA Limited and at the year end these were invested in the Mercer Dynamic De-risking Solution, 65¥0 matching portfolio and 350h in the grovrth portfolio and Schroder (propety units only). 13-
HALTON YMCA LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Retlrement benefit schemes (Continued) Valuation The most recent completed three year valuation was as at1 May 2023. The assumptions used which have the most significant effect on the resu115 of the valuation are those relating to the assumed rates of return on assets of 4.560A. the increase in pensions in payment of 3.18% (for RPI capped at 5°A p.a), and the average life expectancy from nomial 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, retiring in 20 years time, The result of the valuation showed that the actuarial value of the assets was £103.1 m. which represenls 920A of the benefits that had accrued to members. The pension plan was closed to new members and future serrfice accrual with effect from 30 April 2(X)7. With the removal of the salary linkage for benefits. all employed defeffed members became deferred members as from 1 May2011. The valuation Prepared at 1 May 2023 showed that the YMCA Pension Plan had a total deficit of £9.1 million and Hallon YMCA Limited has been advised that it will need to make monthly contributions of £1500 from 1 May 2025. 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 discounled using a rate of 5.3% (2024.. 30hl. The current recovery penod is 3 years commencing 1 May 2024. 2025 2024 Repayable". Within one year 2-5years After 5 years 18,001 18,449 18,001 34,840 Total due 36,450 52,841 In addition, Halton YMCA Limiled may over lime have liabilities in the evenl of non-payment by other participatin9 YMCAS of their share of the pension plan deficit. It is not possible to currently quantify the potential amount that Halton YMCA maybe called upon to pay in the future. 18 Related party transactions Remuneratlon of key management personnel There were no key management personnel during the year. At the balance sheet date Halton YMCA was owed loan monies from Blackburn YMCA of £200.000 which is interest free, unsecured and repayable on demand. The entities are connected by virtue of a common director. 14-