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
L￿ttaM 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 lo￿ard 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 be￿een 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 measU￿d 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 be￿een 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 r￿t 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-