WINDSOR WALK Charity Accounts

COMPANY REGISTRATION NUMBER: 07581146

CHARITY REGISTRATION NUMBER: 1144787

WINDSOR WALK

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2025

WINDSOR WALK

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Statement of financial activities (including income and expenditure account)	3

Statement of financial position	4

Notes to the financial statements	5

WINDSOR WALK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .

Reference and administrative details

Registered charity name	WINDSOR WALK

Charity registration number	1144787

Company registration number	07581146

Principal office and registered	137 Harley Street
office	London
	W1G 6BG

The trustees

	Prof. K Nicolaides
	Mr P Jacobs

Accountants	Ioannou & Co
	Chartered Accountants
	767-769 High Road
	North Finchley
	London
	N12 8JY

Structure, governance and management

Constitution

Windsor Walk was incorporated as a company limited by guarantee on 28 March 2011 and registered as a charity on 24 November 2011. The Memorandum and Articles of Association are the primary governing documents of the company.

Members

At 31 March 2025 there were two members of the company. Each member of the company undertakes to constitute such amounts as may be required, not exceeding £10, to the company's assets if it should be wound up.

Directors

The Articles of Association require the appointment of at least two directors. The training and induction provided for new directors depends on their existing experience. Where necessary the induction provides training on charity and financial matters.

The following directors were in office at 31 March 2025 and served throughout the period:

Professor Kypros Nicolaides

Mr Paul Jacobs

All trustees give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in note 6 to the accounts

Risk Management

The directors are responsible for identifying risks faced by the company, establishing procedures to mitigate these risks and ensuring that any employees are aware of these procedures and of the implications of failing to implement them. They are satisfied that these procedures are consistent with guidelines issued by the Charity Commission.

Objectives and activities

Principal activity

The principal activities and objects of the company are to promote diagnosis, treatment, therapy and provision of clinical and related services in the fields of obstetrics, gynaecology, fetal medicine, pregnancy and fertility related subjects.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

Public benefit

The directors consider that the aims of the charity are demonstrably to the benefit of the public.

Financial review

During the financial year ended 31st March 2025 the charity did not actively pursue its charitable activities.

The trustees' annual report and the strategic report were approved on 23 December 2025 and signed on behalf of the board of trustees by:

Prof. K Nicolaides

Trustee

WINDSOR WALK

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	2,081	2,081	2,006
		---------	---------	---------
Total income		2,081	2,081	2,006
		---------	---------	---------

Expenditure

Expenditure on charitable activities	6,7	1,160	1,160	1,105
		---------	---------	---------
Total expenditure		1,160	1,160	1,105
		---------	---------	---------

	---------	---------	---------
Net income and net movement in funds	921	921	901
	---------	---------	---------

Reconciliation of funds

Total funds brought forward	( 392)	( 392)	( 1,293)
	---------	---------	---------
Total funds carried forward	529	529	( 392)
	---------	---------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

WINDSOR WALK

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	10	2,081	–
Cash at bank and in hand		529	629
		---------	---------
		2,610	629

Creditors: amounts falling due within one year	11	2,081		1,021
		---------		---------
Net current assets			529	( 392)
			---------	---------
Total assets less current liabilities			529	( 392)
			---------	---------
Net assets			529	( 392)
			---------	---------

Funds of the charity

Unrestricted funds		529	( 392)
		---------	---------
Total charity funds	12	529	( 392)
		---------	---------

For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Prof. K Nicolaides

Trustee

WINDSOR WALK

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 137 Harley Street, London, W1G 6BG.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

At 31 March 2025 there were two members of the company. Each member of the company undertakes to constitute such amounts as may be required, not exceeding £10, to the company's assets if it should be wound up.

5. Donations and legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

Donations	2,081	2,081	2,006	2,006
	---------	---------	---------	---------

6. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Support costs	1,160	1,160	1,105	1,105
	---------	---------	---------	---------

7. Expenditure on charitable activities by activity type

	Support costs	Total funds 2025	Total fund 2024
	£	£	£
Governance costs	1,160	1,160	1,105
	---------	---------	---------

8. Staff costs

No staff were employed during the financial year ended 31 March 2025 (2024 - £NIL).

9. Trustee remuneration and expenses

No remuneration or other benefits were received by the trustees.

10. Debtors

	2025	2024
	£	£
Other debtors	2,081	–
	---------	---------

11. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	2,081	1,021
	---------	---------

12. Analysis of charitable funds

Unrestricted funds

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
General funds	(392)	2,081	(1,160)	529
	---------	---------	---------	---------

	At 1 April 2023	Income	Expenditure	At 31 March 2024
	£	£	£	£
General funds	(1,293)	2,006	(1,105)	(392)
	---------	---------	---------	---------

13. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Current assets	2,610	2,610
Creditors less than 1 year	(2,081)	(2,081)
	---------	---------
Net assets	529	529
	---------	---------

	Unrestricted Funds	Total Funds 2024
	£	£
Current assets	629	629
Creditors less than 1 year	(1,021)	(1,021)
	---------	---------
Net assets	(392)	(392)
	---------	---------

14. Related parties

All trustees are also trustees and directors of The Fetal Medicine Foundation, a company limited by guarantee and registered as a Charity. At 31st March 2025 the balance between the Charity and The Fetal Medicine Foundation was £2,081 (2024- £NIL). During the year a donation of £2,081 (2024: £2,006) was given to the Charity by The Fetal Medicine Foundation. Trustees received no emoluments, expenses or travel costs during the year.