YMCA TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
Company Registration No. 107645791England and Walesl
Charity Registration No. 1175323
'AEBTMD•
2510Wd025
COKIPANIES HOUSE
#41

YMCA TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr R I Paters
Mr R M Dawson
Mr R F Kirkman
MrA Keenar7
Mr C Christ
IAptKinled 17 June 20251
Secretary
Mr G Oalri¢Jge
Charity number (England and Wales)
1175323
Company number
10764579
Registered office
Unil 2 Olympic Court
Ihhitehills Business Park
Blackkwl
Lancashire
FY4 5GU
Independgnt examiner
Champion AC￿untantS LLP
Unil 2 Olympic Court
Vthrtehills Business Park
Black[￿1
Lancashire
FY4 5GU

YMCA TRUST
CONTENTS
Page
TfUStees' report
Independent examinefs ￿Fx)rt
Statement of financial activrties
Balance sheel
Notes to the finanual ststements
7-15

YMCA TRUST
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present thwr annual report &xl finawal statements for the year e￿Ied 31 Mwch 2025.
The financial stslemenls have been prepareil in acc¢Ndance wrth the accounting policies sel out in note 1 lo the
financial slalements and comply with the charity's governing d(ument. Ihe Companies Act 20(6. FRS 102 'The
Financial Reporting Standard applicable in the UK and Rewblic of Ireland" ano the Charities SORP "Accounting
and Reporting ty Charities.. Statement ol Recommended practi￿ appliCa￿e lo charities PTeparirvJ the¥ accounts
in ac￿rdanCe with the Financial Reportirvj Standard applicable in the UK arml Republic of Ireland IFRS 1021".
Obje¢tlves and activitles
The challty5 objectives arise Ic* the aceeptarte of the "Basis of un￿n. adapted by the YMCA in 1973.Yhe
Y.M.C.A. seeks to unite those unto. regarding Jesus Christ as their God ar￿ Sawour according lo the Holy
scriptu￿$, desire to be his dEs¢l￿e$ in their farth arKI in their life, arnl lo associate the efforts lor the extension of
his Kingdom".
Any difference of opinion on other subjects, kn￿ver important in themsefves. shall not interfere with the
harmonious relation of the Associations of the Y.M.CA. Movement of England. Ireland and Wales.
Accordingly the objeth'ves of the charity are.-
il To unite those who, regarding Jesus Christ as their Gfxy and Sawour &cordirhg to the Hoty Scriptures, desire to
be his disciples in their faith and in their life. and to assooate their efforts for the e¥tensTron of his Kingdom.
ill To lead youThJ people to the Lord Jesus Christ and to the fullness of life in Him.
iiil To provide or assisl in the provision in the interests of social weware of facrfitses for recreation and other leisure
me occupation for men and women with the objecl of improving their cor¥Jrtion of life.
N) To provide or assist in the prO￿$10n of education for persons of all ages wth the obJ"e(a of devek)ping Ihwr
physical, mental or s￿ritUal Capacilies.
vl To relieve or assist in the relief of persons of all ages are in conditi.ons of need, hardship or distress by
reason of their social, physical o¥ economic cirCumstan￿s.
vil To provide residents.al accomm(x1ation for persons of all ages who are in corKlits"ons of need. hardship or
distress by reason of their w31, physical or economic arcumstsn¢es.
The ITvslees have paid due regard to gUIda￿e isSL￿d by Ihe Chaity Ctynmission in deciding what acbvilies Ihe
eharity should undertake.
Achievements and performance
The Trust has continued lo rent its propety Fthfoh'o lo Ihe exisling tenanl. whith is YMCA Fylde Coas( who
operate Ihe properties in pursuit of charita￿e objects thatrare aligned to YMCA Trust.
During rhe year, the charity sold rts treehold Mrteresl in North Camp at YMCA Lakeside. The freelK•ld at South
Camp has been retained ar)d eontinues lo be leased to YMCA FY￿ Coast the delivery of hi*b quality outdoor
education experiences.
Via these renl818greemeftts. the Lakeside tryerty welcome5 over 7.000 young people lo its outdoor education
offer. over 400.000 make use of leisure facilrtie5 in Fylde and 100 young peO￿e are offered sale ard secure
a￿0mMOdation.

YMCA TRUST
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
The financial statement show a net deficrt for the year of £297.82412024 '. suwus £140.845}. The deficrt has
been incurred as a result of the sale of North Camp freehdd at a figure lower than the previous vahJalion held in
the accounts Certain residential proFerties have a150 suffered a fall in valuation. This deficit B all unrestricted
and funds carried forward comprise U￿e5￿Cted funds of £5.571.109 (2024 .. £5,868.9331 and reslrided funds ol
£558,27012024 £558.270).
he levd of reserves is ¢Jeemed appropriate and *Aill be monitfxed thr(Auhcxrt the year by trustees.
The trustees have reviewed the long term financial p￿tIOn of the charity and have considered cash flow required
to meet bank loan requirements. Ongoing income 15 sufficient to meet operating costs aTrJ all anticipated
expenditure. The trustees are thereftxe of Ihe opinK)n Ihat the tharity can continue to operate on a g(Mng concem
ba51S.
The charity's reserves policy is that unresl¥icled fvnds which have not been desi9nated for Specific use should b
maintsined al a level Ihal allows thebo*d to I￿￿¢r develop the oLI'e¢ts of the charity.
The trustees have assessed the major risks to the Chanty is ex￿sed, and are salisfied that systems are in
place to miltye exposure to the mapr iisks.
The trustees have resdved to continue the review of the charity's built assets to ensure that ils resources are
being used in Ihe most appropriate way. As a pri￿. rts owned hou51rig stock will be reviewed, w¢lh any
proposals beiThJ dealt with by the Board of Trustees.
Structure. govefnance and managemènt
The charity Is a company limrted by guafanlee fomied on 11 May 2017 an¢J obtaining registered charity ststus on
24 October 2017. The company is governed by its Memorandum & Articles ofAssocialion. The trustees have
undertaken work during 2024125 to determine that its legal structure and associaled govemance is still
appropriate. A review of theArticles ofAssctiati"on V•ill lake Fdace during 2025126.
Mr C Holl, Chairman, passed away in Jantlary 2025 the charity rec¢Yds its stncere thanks to Mr Hott for the
SeThI￿ he gave lo the charity.
Mr C Christtyj was appointed a tntstee in June 2025.
The trustees, who are also the directors for the purpose of company law. and who seNed during the year and up
to the dale of s￿natUre of the financial ststements we￿".
Mr C Hoh MBE
Mr R I Paterson
Mr R M Dawson
Mr R F Kirkman
Mr A Keenan
Mr C Chrisl¢xJ
{Re*W 26 January 20251
(Appointed 17 June 2025)
Trustees meet a minimum of four times a year lo ￿VIeW wogress against strategy. detefmine aFvopriale use of
charitable resources at7d assess risk_
New trustees a￿ paty lo an induction pn)gramme *ffiich indudes infom181ion about the YMCA movement, its
history. vision and mission. 11 also indudes infomabon on the legal responsibilities of trustees and directOTS, as
sel OLrt in the Charity Commissions Essentia Trustee" guida￿ and compan￿ House guidance (*xuments.
None of the Iruslees has any beneficial interest in the cc¥npany. All of the tnjslees we members of the company
and guarantee lo contribute £1 in the event of a wnding up.

YMCA TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees. report was approved by Ihe Board of Trustees.
Mr A Keen•n
Trustee
Dated". 23 September 2025 .

YMCA TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF YMCA TRUST
I report to the truslees on my ex￿InatIon ol the finanual ststements of YMCA Tnjst (tt)e cliarity) for the year ended
31 Mafch 2025.
Responsibilities and basis of report
As the trustees of the charity land also its directors for the purposes ol company law). yc4J are responsible lor the
weparation of Ihe ￿nanCIal statements in accc*dance wilh the requirefflent5 of the compan￿SAct 2006.
Having satisfied myself that the finanaal statements of the ch*ity are not req￿red to be audited under Part 16 of
the Companie5 ALI 2006 and are eligible for independent examination. I reKKJrt in respect of my examination of the
ch8r"ty's finanoal s13lements carried out under section 145 of the Chanties Act 2011. In carrying out my examination
I have followed the Direcbons swven by the Ch￿ty Commisgon u￿ler section 14515)(b) of the Charities Act 2011.
Independent examinerfs statement
I have compleled my examination. I confirm thai no matters have come to my attenb.on connection with the
examination giving ine catjse lo ￿lIeVe that In ahy material respect-
accounting records were not kept in resped of the chanty as required by section 386 of the CoMpan￿S Act
2006.
the financial stalements do not ac￿rd *tylh those rernrds,. or
the finanaal statements do not compty wrth the accounting requirements of Section 396 of the ComFonie5 Act
2006 other than any ￿Ul(eMent that Ihe finanual stalements give a true and fair view. which is n(* a matter
cor15idered as part of an i￿pendent examinatK)n'. or
the financial statements have not t)een wepared in &cordance the fflelhods and principles of the
Statement of Recommerbded Pracb"ce fof accounting and reFANting by charil*s applicable to chanlie5
preparing their financtral statements in ¥cordance with the Fin￿la1 Reporting Standard applTr¢able in the UK
and Republic of Ifeland {FRS 1021.
I have no ¢oncems aThJ have come acTOSS no olher matter5 in conneclKJn wth the examination to which attention
Should be drawn in this rewt in order to enable a proper U￿lerS1aTrdlng of the finar￿la1 5ts1ements to be reached.
Champion Accountants LLP
Unil 2 Olympic Court
itehills Business Park
Blackpo
Lan¢ashire
FY4 SGU
23 September 2025

YMCA TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unwestri¢ted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income from:
Donations and legacies
Investments
7,5
162,791
50
154.252
162,791
154.252
Total income
170.291
170.291
154.302
154,302
Expenditure on-
Charitable a¢liwties
Other eypenditure
15.936
38,601
15.936
38,601
13.746
39.693
13.746
39,693
Total expenditure
54.537
54,537
53,439
53,439
Net gainslllossesl on
investments
10
1413.578)
(413.5781
39.982
39,982
Net incomellexpenditvrel and
movement in funds
{297.8241
1297.8241
140.845
140,845
Reconciliation of funds-
Fund balances al 1 April 2024
5,868.933
558.270 6.427.203
5.728.088
558.270 6.286.358
Fund balances at 31 Ma￿h
2025
5.571,109
558.270 6.129.379
5.868,933
558,270 6.427,203
The statement of financial activities indudes am gains*d losses recc*3ntsed in the year. All irthme and expenditure
derive from conts'nuing a¢tiMlies.

YMCA TRUST
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Fixed assets
Investment propety
13
4.572.868
5.868,000
Current assets
Debtor5 falling Llue after one year
Debtors falling due wlhin ￿e y&w
Cash al bank and in hand
14
14
64.710
30,870
2.081,454
75.233
34.464
1.271,815
2.177.034
1.381,512
c￿dIto￿." amounts ffalliJJg due within
anè year
16
{129.5511
(304,4101
Net ¢urrenl asset$
2.047,483
1.077,102
Total assets less current liabilities
6.620,351
6,945.102
Cweditors: amounts falling due after
more than one year
17
(490.9721
1517,B991
M•t a$sots
6,129.379
6,427.203
Income fund5
Restricted funds
Unrestricted ￿ndS
18
18
558.270
5.571,109
558.270
5.868,933
6.129.379
6,427,203
The company is entitled lo the exemptifx) audit wuiremenl contained in section 477 of the Companies Act
20C6. for Ihe year ended 31 March 2025.
The directors a¢knovAedge their ￿sponsIbl1￿.es for comth'ry wikn the re(wirements of the Comparries Aet 2006
th re5peet to 8ccounling words and the weparation of financol statements.
The members have not required the company to obtain an audil of rts finanual statements for the year in question in
accordance wlh secl*)n 476.
These ffinancial statements have wep￿ed in accordance 7•thh the provisi￿S aPFAlcab￿ to Companies subject
lo the small companies regime.
The financial statements approved by the Tw5tees on 23 Septemter 2025
MrA Keenan
Trustee
Company registration number 10764579

YMCA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity infommtion
YMCA Trust is a private company Irmiled by guaontee rtorwiTrted in England and Wales. The registered
office is Unit 2 Otympic Court. ￿rtehi1l5 Business Park. BlackpxxA. Lar&#shire, FY4 5GU.
1.1 Basls of preparalion
The financial 5ts1emenls have been prepared in accorda￿ wrth the chariVs goverriing d￿￿Ment, the
Companies Act 2006. FRS 102 Tr Financial Repoth'ng Standard applica￿e in the UK and Republic ol
Ireland" and the Charities SORP 'A¢c(yJnting and Reporting by Charities.. Statement of Recommended
Practsce applicable to chariti'es p[epari￿ th￿"r accounts in accordance with the Financial Reporting Standard
applicable in the UK and Repu￿1¢ of Ire￿￿ IFRS 1021". The chanty is a Public Benefit Entity as defined by
FRS 102.
The charty has taken ad¥anta9e of Ihe pro¥isions rn the SORP for charities not to prepare a stat￿ent ol
cash flows.
The financial stalemenls are Prepa￿ in steding. wthich IS the f￿)ctional osrrency of the charity. Monetary
arrM)unls in tw finan¢i& slatemenls are rounded to the nearest £.
The financial statements have been Fffepared under the historical cost convention, Imtyjified to include the
revaluation of freehold properties and to indude investment propertte$ ￿ certain financial instrLmenls at fair
valuel. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the time of approviTrJ the financkil Statements, the tr￿stee5 have a reasonalje expectation that the charity
has adequate res(iurce5 to continue in operational e￿sten￿ l(x the foreseeable future. Thus the trLslees
contsnue lo aLlopl the wng c￿CeM basis of a￿un￿r￿j in preparing the finanoal stalements.
1.3 Charitsble fvnds
Unrestricted frJn¢Js are availaUe for use at tr* discrelion -of ts trustees in furtherance of their charitable
objectives.
Restr￿ted fvjnds are subject to specific condilions by donors or grantcws as to hjw they may be used. The
purposes uses of Ihe restricted fuTrJs are set out in the notes lo the financial slatements.
Endowment funds are subject to speofic CO￿￿￿tiOnS by d￿Or$ that the wlal must be maintsined by the
charity.
1.4 Income
Income is recognised %then the dwrty is legalty entitled to it after any perfonnance condit￿nS have been met,
the amounts can be measured rel￿bty. and it is wbabte that ints)me V•ill be received.
Cash donations are recognised on receipt. Other donat*)ns are recognised once the charity has been notified
of the donation. unless perf0M￿nCe eondth"¢)ns require deferral of the amount. Income tax recoverable in
relalion lo donations recEived under GIft￿"d ￿ deeds of covenant is recogni5ed at the lime of the donation.
Renkl income is recognised when receNable.

YMCA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcles
Icontinuedl
1.5 Expenditure
Expenditure is recognised once Ihere is a legal or constructrve obligation to transfer economic benefit to a
third paty, it is probable Ihal a transfer of economic benefrts will be required in setuement. and the amount of
the obligation can be measured reliably.
Expendrture is ¢lassthed by act￿ty. The costs of each acttvrty are made up of the total of dIr￿t costs and
shared costs. i￿luding suprK)rt u)sts inVo￿ed in undertaking each aclivity. Direct ¢osts attribLrtatrJe to a single
activily are allocated directly to that acbvty. Shared c0515 which contribute to more Ihan one activity and
5UPPOrt costs which are r￿L attribLrtable lo a single aclivty are apportioned be￿een those ath"vitEs on a basi5
consisleni w.th the use Df resouices. Central staff costs a￿ allct*ed on the basrs of tsme spent, and
depreuation charges are allcKated on the [￿)￿"0n of the assefs use.
Resources expended are recognised M an ￿Cn￿lS basis aTrJ are dassified under headings that aggregate
all costs retaled to the category.
1.6 Investmènt property
Investment property, which 15 property held to eam rentals andlor ts capital appreciation, is initially
recognised al cost, which indudes the purd)ase Cost and any dire¢tly attritsrtable expenditure. Subsequenlly
il is measured at fair value * Ihe reporting end date. The surplus or defial revaluation is re￿nised in
profit or loss.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposrts hekl al cèl with banks. other short-terni liquid
investmenls wth original maturitie5 of three months or less, ar￿ bank ovetdrafts. Bank overdrafts are shown
thin borrowng5 in Cur￿n1 liabilrties.
1.8 Financial instrurnents
The ¢harty does not have aiy financial inslnwnents at the-Balance Sheet dat?.
1.9 Employ•e bener
The cost of any unused holiday enb"Ilement is recognised in the period in whth the employee's seNices are
received.
Tem)inalion beneffts are recognised imme(Ikotely as an expense *then the charity is demortslrabfy commilted
to lefminale the employment of an employee or to wovide terminatson.benefils.
Critical accounting estimates and judgements
In Ihe application of the charrty's accountir¥J poli￿es, the trustees are required lo make judgements. esbmates
and assumptions about the carrwng amount of assets and liabililies that are not readily apparent from other
source5. The estimates and assoaated assumption5 are based on historical exFerbence and other fa￿orS that
are considered to be relevant. Actual resums may differ frc¥n these e5timales.
The estimates and underfying assumptions are reviewed on an orwng basis. Revisions lo a¢￿￿ntIng
ests"males are Tecogniseo in the perithy in Ithith the estimate 15 revised where the revision affects rmly thal
period, or in the period of the revision and fLrture pencrf1s wtwe the rewsion affects both current and fulure
pefK4Js.

YMCA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacies
Unrestricted
funds
2025
Unrestricted
funds
2024
Donations and gifts
7,5¢)0
Income from investments
un￿tricted Unrestricted
funds
funds
2025
2024
Rental income
Interest receivable
136,340
26.451
136.340
17.912
162.791
154,252
Expendllure on charitsble activities
Charitsble
expenses
2025
Charitable
expenses
2024
Direct costs
Bank charges
Irrecoverable VAT
Legal & professiond fees
Sundry expenses
118
5,300
7.531
11))
1,156
8,631
12,949
9.894
Share of support and governance costs (see note 7)
Goveman
2,987
3,852
15.936
13,746
Analysis by fund
Unrestricted funds
15,936
13,746

YMCA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Net movement in funds
2025
2024
The net movement in fvnds is sL*ed after charg1￿(Cred￿.r￿)".
Fees payable lor the independent examinalion of the chaW5 fnancial
statements
Profit on disP05al of investment property
2.987
122.9721
3.852
139,9821
Support costs allocated to activitles
2025
2024
Govemance costs
2,987
3,852
Analysed between:
Independent examiners fees
2,987
3.852
Trustees
None of the trustees lor any persons connected vnth twil [￿1ved any remuneration or benefits from the
charity during the yew.
Othei expendltu
Unrestrkted Unrestricted
funds
funds
202$
2024
Financing costs
38.601
39.693
10 Gains and losses on investments
Unrnstri¢l•d Unrestricted
funds
funds
2025
2024
Gainsl{losses) ari￿ng ￿.
Revaluation of investment propert*s
Sale of investment properties
1436,5501
22.972
39,982
1413,578)
39,982
The gain on the sale of an investment wopety is ty refererKe to the ¥aluation induded in the accounts al the
prior year end.
10-

YMCA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Employees
The average monthly Nmber of employees during the year was".
2025
Number
2024
Number
Totsl
12 Taxatlon
The charty is exempt from taxalK)n on ts activit￿S because all its income is appl￿ for charitable purposes.
13 Inveslment property
2025
Fair value
At 1 April 2024
Additions through extemal acquisit
Disposals
Nel gains or losses through tsir value adjustments
5,868,O¢XI
186,418
11,045.0001
(436.5501
At 31 frAarch 2025
4.572.868
Investment property comprises a portfolio of various properb.es rented lo Fylde Coast YMCA for charitable
purposes. The fair value of the investment property has been arrived at on the basis of a valuation carried
out at 30 January 2017 by Bushells & Benstead Chartered SuTheyors. who a￿ not conrwled wlh the
tharity. The valuation was made on an open market value basis by reference lo market evidence ol
transaction pri¢es for similar pr¢)perties. A subsequent valuats)n was ￿rried out by Charity Bank ￿ ￿rtain
residenbal properb'es. Valualjons have been subsequently carried ￿1 by Ihe Trustees on the same basis.
The historical cost of investrnent properties amounted to £3,029.006 (2024". £3.635.0131.
14 Debto
2025
2024
Amounts falling due Y4ithin one year:
Other debtor5
Prepayments arKI accnjed income
30.870
20,347
14,117
30,870
34,464
11

YMCA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Debtors
Icontinuedl
2025
2024
Amounts falling due after more than one year
Other debtors
64.710
75.233
Totsl debtors
95.580
109.697
Other debtor5 indudes an unsecured loan made to anott￿r charity which is repayable over 12 years W¢th a
interest rale of 3.1 Oh. An amwnt of £33.660 is due wrtfv"n one year and £64.710 after MO￿ than one year.
15 Loans and overdraft5
2025
2024
Bank loans
514,532
534,271
PayatAe within one year
Payable after one year
23.560
490.972
16,372
517,899
Amout7ts included above which fall due after fNe years..
Payable by instalments
396.699
452.410
The long-lerm loans are secwed by fixed charges over seven properties owned by the charity.
The bank loans are repayable over varwry periods ￿ a Capital and interest basis. expiring be￿e*￿ 2032 and
2043 .
16 Creditors: amounts falling due within one year
2025
2024
Notes
Bank loans
Other taxats.on and social seojrity
Trade creditors
Other credilors
Accruals arKI deferred income
15
23,560
2,950
16.372
1.517
138
275,189
11,194
99,147
3,894
129,551
304.410
12-

YMCA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Creditors: amounts falllng due after more than one year
2025
2024
Notss
Bank loans
15
490.972
517.899
The bank loans are repayable over ¥ar￿n9 Fer￿ on a ca￿* aTrJ interest basis, expiring belween 2032 10
2043.
18 Restricted funds
The restricted funds of Ihe charity comwse the unexpended balan￿$ of donatsons and grants held on trust
subject to specffic corKlilions by dorKJrs as to how they may be used.
At 1 April At 31 Mareh
2024
2026
Paterson House development
558.270
556.270
P￿ViouS year:
At 1 April At 31 Ilarch
2023
2024
Paterson House development
558.270
558,270
The Paterson House development rektes to the construction of 12 sell contained apartments which are
Affordable Rented Housing or Social Rented H¢yJsing lo tenants up lo the age of 25. The development VAS
gfant funded which has been fvlly expended and the property is now hekj as an investfflenl asset. The
restricted lun(I bala￿e will the￿fore (Mly be reduced rf the pyopety is subject to ￿m￿nent dimanutK)n in
value.
19 Unrestricted funds
The unrestricted funds of the chafity comprise the unexpended balances of ¢S)nations and grants which are
ftol subj.ect lo specific conditions by dO￿S and grantors as lo how they may used. These include
designated funds %￿ich have been set aside (Mrt of unrestricted funds by the tntslee5 for specific purposes.
At 1 April
Incoming
Resources
2024 reSou￿¢S expènded
Galns and At 31 March
losses
2025
General fu￿15
5,868.933
170.291
154,537)
1413.578)
5,571,109
Previous year:
At 1 April
2023
Incoming
resources
Resources
expEnded
Gains and At31 March
105se$
2024
General fund5
5.728.088
154.302
153,439}
39,982
5,868,933
13-

YMCA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Analysis ol net assets between funds
Unrestiicted
funds
2025
Restricted
funds
2025
Total
202S
At 31 March 2025:
Investment properties
C￿r￿n¢ assets/llKqbi&'tiesl
Long lerni liabilitses
4.014.598
2.047.483
{490.972}
558,270
4.572.868
2.047,483
{490,9721
5.571,109
558,270
6.129,379
Unrestricted
funds
2024
Restricted
fvnds
2024
Total
2024
At 31 March 2024:
Investment properties
Current assetsllliabiliti'es)
Lon9 term liabilities
5.309.730
1.077.102
1517.8991
558.270
5,868,000
1.077,102
1517,899)
5.868.933
558,270
6.427,203
14-

YMCA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21
Financial eommitments. guarantees and contingent liabilities
The Trust received sJoAats"ons of Vari￿S land and txjildings Irom Lytham St. Annes & Fylde Young Mens
Christian Assoeialion. some of whth We￿ subje(a to ¢¢￿tingent liats'lities which have been signed over to the
YMCA Trust, which now be8rs the potential (KvJorng Irabilty. These are detailed below.
Properties originalty acqui￿ by the ASs￿latIon thjring the year ended 31 March 2￿)8 at a cost of £466.200,
were acquired with the aid of £239.105 of commLrted sJJms from Fylde Borough Council. Should the properties
ever be sold without being repl￿ or not untinue lo be OCCUFMed under Ihe fvnding condrtions then this
funding w(yJld be repaya￿e. No pfovi5ion has been rnade for any potential repayment as il is N)t antieipaled
that the properties wou]d be in the ftye5eeable futu￿.
The Association rec￿Ved grants of £450,158 in the year ended 31 March 2017 and £112,539 in the year
ended 31 March 2018 from Fylde Borough Council towards the cost of the Palerson House development.
These grants wll be repayable rf dwellings wthin the ¢Jevelopment are Occup￿ other than as Affordable
Rented Housing ¢Y Sooal Rented Housing, or the Trust makes any disrK)sal of ils Inte￿$1 in the development
which is not a diswsal as a whole. or a dis[￿saI of the whole ￿thout notification to the Counul in the peri¢xl
to 8 August 2056. The Twuslees do not inlen¢J to lxeach the lemis of Ihe grant a￿1 Iherefore no conlrynl
lia￿'lty has been re¢ogni5ed in the accounts.
At 31 March 2025 the Trusl had annLk* commitments under nOr￿anCel￿e operatiThJ lease5 fLY buildings of
£1 per annum The total remaining liabilty amcyjnls to £7512024.. £761. The financial commitment rektes to
99 year lease on the Lofthouse Buikling, Fleefvu)od, given by the Lofthouse family in November 2001. VVThlh
effect from l Apfil 2003 the buildin9 has been leased to the Fykle Coast YMCA for 25 yeais at £1 per annum.
The Trusl 1$ party to a guarantee for a bank loan in FY￿ Coast YMCA which is secured on land held by the
Trust along wilh assets thyned by Fylde Coast YMCA. The maximum liability arising WKler thi5 guarant￿ Fs
£NIl12024.' £3.281.156}.
22 Related paity transactlorts
Transactions with related parties
During the year Ihe charrty entered into the followiThJ ￿&￿tiOnS with rdated parties..
The Charity i5 connected the Fylde Coast YMCA. During Ihe year the charity received rent of £136,340
12024..£136.340} and al the balance sheet dale an amount of £99.147 was ¢Ned to the charity 12024..
£275,189)
15-