COMPANY REGISTRATION NUMBER: 13996548 CHARITY REGISTRATION NUMBER: 1203777
Windsor Road Foundation Company Limited by Guarantee Unaudited Financial Statements
31 March 2025
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Windsor Road Foundation
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities (including income and | |
| expenditure account) | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 9 |
Windsor Road Foundation
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 Road Foundation Charity registration number 1203777 Company registration number 13996548 Principal office and registered 24 Craigwell Road office Prestwich Manchester M25 0EF The trustees Y Roberg M Stein C O Stepsky Independent examiner Mr Howard Schwalbe ACA 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Structure, governance and management
Windsor Road Foundation is incorporated under Memorandum and Articles. It was registered at Companies House on 23 March 2022 with Company registration number 13996548. It is a registered charity with a charity number 1203777 and was registered on 28 June 2023.
Recruitment and appointment of new trustees would be in line with the Memorandum and Articles and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by Mr Y Roberg on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity's employees is the sole domain of the trustees.
A policy and procedure for the induction and training of new trustees has been developed in line with requirements of trustees.
- 1 -
Windsor Road Foundation
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Objectives and activities
The charity's objects and it's principal activities are:-
-
(1) To advance orthodox Judaism in particular but not exclusively by:
-
(A) Providing, supporting and maintaining premises for religious and communal activities;
-
(B) Running religious, educational and communal events for Jewish people of all ages.
(2) For the public benefit to promote the education of people of all ages in such ways as the charity trustees think fit, including awarding to such persons scholarships, maintenance allowances or grants; or by grants to charities or other organisations worldwide that provide education;
(3) The prevention or relief of poverty or financial hardship by providing grants or loans to individuals in need and/or charities, or other organisations working to prevent or relieve poverty or financial hardship.
Risk review
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from direct charitable activity.
These risks are managed by the trustees researching potential beneficiaries before paying out funds for direct charitable activity.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all payments.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
- 2 -
Windsor Road Foundation
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Achievements and performance
The directors and trustees consider that the performance of the charity has been most satisfactory.
During the year, the charity received income from membership dues totaling £50,410.
The charity also received £50,527 in donations and grants (2024: £34,183).
The charity paid out £25,605 by way of direct charitable expenditure, charitable grants and support costs.
Direct Charitable expenditure is in line with the charity's objects and relates to the running of community support programs and maintenance of the premises.
During the year, the charity began a project to expand and modernise the current premises. This will increase the number of people that will benefit from the charity's services and was made possible by a generous grant from Awards for all. This expenditure has been capitalised.
There were no related party transactions in the reporting period.
There was an overall net income and net movement in funds for the year amounting to £28,424 (2024: £9,208), all of which are unrestricted funds.
Financial review
The unrestricted fund represents the unrestricted funds arising from past operating results. The trustees wish to keep reserves as low as possible in order to maximise its charitable grants.
The trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.
In considering the limited financial obligations of the charity, the trustees have resolved to maintain a minimum reserve equal to at least two months of running costs, this has been met this year.
The Total funds of the charity stand at £46,864 (2024: £9,208) with £9,232 attributable to the restricted fund and £37,632 attributable to the unrestricted fund (2024: £9,208).
The reserves, represented by the unrestricted net current assets of the charity stand at £31,194 (2024: £6,755).
- 3 -
Windsor Road Foundation
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
The trustees' annual report and the strategic report were approved on 19 December 2025 and signed on behalf of the board of trustees by:
C O Stepsky Trustee
- 4 -
Windsor Road Foundation
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Windsor Road Foundation
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of Windsor Road Foundation ('the charity') for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the company (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 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
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 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not 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 accounts 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 accounts to be reached.
Mr Howard Schwalbe ACA
Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
19 December 2025
- 5 -
Windsor Road Foundation
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 25,242 | 25,285 | 50,527 | 34,813 |
| Charitable activities | 6 | 50,410 | – | 50,410 | – |
| ---------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| Total income | 75,652 | 25,285 | 100,937 | 34,813 | |
| ============================ | ============================ | ================================ | ============================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 57,996 | 5,285 | 63,281 | 25,605 |
| ---------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| Total expenditure | 57,996 | 5,285 | 63,281 | 25,605 | |
| ============================ | ============================ | ================================ | ============================ | ||
| ---------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| Net income | 17,656 | 20,000 | 37,656 | 9,208 | |
| ============================ | ============================ | ================================ | ============================ | ||
| Transfers between funds | 10,768 | (10,768) | – | – | |
| ---------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| Net movement in funds | 28,424 | 9,232 | 37,656 | 9,208 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 9,208 | – | 9,208 | – | |
| ---------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| Total funds carried forward | 37,632 | 9,232 | 46,864 | 9,208 | |
| ============================ | ============================ | ================================ | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 17 form part of these financial statements.
- 6 -
Windsor Road Foundation
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 14 | 46,558 | 7,453 |
| Current assets | |||
| Debtors | 15 | 3,130 | – |
| Cash at bank and in hand | 37,296 | 7,175 | |
| ---------------------------- | ----------------------- | ||
| 40,426 | 7,175 | ||
| Creditors: amounts falling due within one year | 16 | 120 | 420 |
| ---------------------------- | ----------------------- | ||
| Net current assets | 40,306 | 6,755 | |
| ---------------------------- | ---------------------------- | ||
| Total assets less current liabilities | 86,864 | 14,208 | |
| Creditors: amounts falling due after more than one year | 17 | 40,000 | 5,000 |
| ---------------------------- | ---------------------------- | ||
| Net assets | 46,864 | 9,208 | |
| ============================ | ============================ | ||
| Funds of the charity | |||
| Restricted funds | 9,232 | – | |
| Unrestricted funds | 37,632 | 9,208 | |
| ---------------------------- | ----------------------- | ||
| Total charity funds | 19 | 46,864 ============================ |
9,208 ======================= |
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.
The statement of financial position continues on the following page.
The notes on pages 9 to 17 form part of these financial statements.
- 7 -
Windsor Road Foundation
Company Limited by Guarantee
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of trustees and authorised for issue on 19 December 2025, and are signed on behalf of the board by:
C O Stepsky Trustee
The notes on pages 9 to 17 form part of these financial statements.
- 8 -
Windsor Road Foundation
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 24 Craigwell Road, Prestwich, Manchester, M25 0EF.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates and assumptions that affect the amounts reported.
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.
- 9 -
Windsor Road Foundation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
- 10 -
Windsor Road Foundation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
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.
- 11 -
Windsor Road Foundation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Financial instruments (continued)
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
Windsor Road Foundation is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 25,242 | – | 25,242 |
| Grants | |||
| Grants receivable | – | 25,285 | 25,285 |
| ---------------------------- | ---------------------------- | ---------------------------- | |
| 25,242 | 25,285 | 50,527 | |
| ============================ | ============================ | ============================ |
- 12 -
Windsor Road Foundation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 33,457 | – | 33,457 | |
| Grants | ||||
| Grants receivable | – | 1,356 | 1,356 | |
| ---------------------------- | ----------------------- | ---------------------------- | ||
| 33,457 | 1,356 | 34,813 | ||
| ============================ | ======================= | ============================ | ||
| Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Membership dues | 50,410 | 50,410 | – | – |
| ============================ | ============================ | ============== | ============== | |
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Charitable activities | 52,176 | 5,285 | 57,461 | |
| Charitable Grants | 5,700 | – | 5,700 | |
| Support costs | 120 | – | 120 | |
| ---------------------------- | ----------------------- | ---------------------------- | ||
| 57,996 | 5,285 | 63,281 | ||
| ============================ | ======================= | ============================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Charitable activities | 16,912 | 1,356 | 18,268 | |
| Charitable Grants | 7,041 | – | 7,041 | |
| Support costs | 296 | – | 296 | |
| ---------------------------- | ----------------------- | ---------------------------- | ||
| 24,249 | 1,356 | 25,605 | ||
| ============================ | ======================= | ============================ |
6. Charitable activities
7. Expenditure on charitable activities by fund type
- 13 -
Windsor Road Foundation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
8. Expenditure on charitable activities by activity type
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Grant funding |
Support |
Total funds | Total fund | ||
| directly | of activities |
costs |
2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Charitable activities | 57,461 | – |
– |
57,461 | 18,443 | |
| Charitable Grants | – | 5,700 |
– |
5,700 | 7,041 | |
| Governance costs | – | – |
120 |
120 | 121 | |
| ---------------------------- | ----------------------- | -------------- | ---------------------------- | ---------------------------- | ||
| 57,461 | 5,700 |
120 |
63,281 | 25,605 | ||
| ============================ | ======================= | ============== | ============================ | ============================ | ||
| 9. | Analysis of support costs | |||||
| Analysis of | ||||||
| support costs | Total 2025 | Total 2024 | ||||
| £ | £ | £ | ||||
| General office | – | – | 175 | |||
| Governance costs | 120 | 120 | 121 | |||
| -------------- | -------------- | -------------- | ||||
| 120 | 120 | 296 | ||||
| ============== | ============== | ============== | ||||
| 10. | Analysis of grants | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Grants to individuals | ||||||
| Relief of poverty grants | – | 3,901 | ||||
| Religious grants | 5,700 | 3,140 | ||||
| ----------------------- | ----------------------- | |||||
| 5,700 | 7,041 | |||||
| ----------------------- | ----------------------- | |||||
| Total grants | 5,700 | 7,041 | ||||
| ======================= | ======================= | |||||
| 11. | Independent examination fees | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Fees payable to the independent examiner for: | ||||||
| Independent examination of the financial statements | 120 | 121 | ||||
| ============== | ============== | |||||
| 12. | Staff costs | |||||
| The total staff costs and | employee benefits for the reporting period are analysed as | follows: | ||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Wages and salaries | 19,200 | 4,800 | ||||
| Employer contributions to pension plans | 187 | – | ||||
| ---------------------------- | ----------------------- | |||||
| 19,387 | 4,800 | |||||
| ============================ | ======================= |
- 14 -
Windsor Road Foundation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
12. Staff costs (continued)
The average head count of employees during the year was 2 (2024: 2). The average number of full-time equivalent employees during the year is analysed as follows:
2025 2024 No. No. Number of staff 2 2 ============== ==============
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14. Tangible fixed assets
| Fixtures, | ||||
|---|---|---|---|---|
| Freehold | fittings and | |||
| property | equipment | Library | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 April 2024 | 5,073 | – | 2,380 | 7,453 |
| Additions | 30,695 | 2,812 | 5,598 | 39,105 |
| ---------------------------- | ----------------------- | ----------------------- | ---------------------------- | |
| At 31 March 2025 | 35,768 | 2,812 | 7,978 | 46,558 |
| ============================ | ======================= | ======================= | ============================ | |
| Depreciation | ||||
| At 1 April 2024 and 31 March 2025 | – | – | – | – |
| ============================ | ======================= | ======================= | ============================ | |
| Carrying amount | ||||
| At 31 March 2025 | 35,768 | 2,812 | 7,978 | 46,558 |
| ============================ | ======================= | ======================= | ============================ | |
| At 31 March 2024 | 5,073 | – | 2,380 | 7,453 |
| ============================ | ======================= | ======================= | ============================ | |
| Debtors | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Other debtors | 3,130 | – | ||
| ======================= | ============== | |||
| Creditors: amounts falling due within | one year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade creditors | – | 300 | ||
| Accruals and deferred income | 120 | 120 | ||
| -------------- | -------------- | |||
| 120 | 420 | |||
| ============== | ============== |
15. Debtors
16. Creditors: amounts falling due within one year
- 15 -
Windsor Road Foundation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
17. Creditors: amounts falling due after more than one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Other creditors | 40,000 | 5,000 |
| ============================ | ======================= |
18. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £187 (2024: £Nil).
19. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At 1 April | At 31 March | |||||
| 2024 | Income | Expenditure | Transfers | 2025 | ||
| £ | £ | £ | £ | £ | ||
| General funds | 9,208 | 75,652 | (57,996) | 10,768 | 37,632 | |
| ======================= | ============================ | ============================ | ============================ | ============================ | ||
| At 1 April | At | 31 March | ||||
| 2023 | Income | Expenditure | Transfers | 2024 | ||
| £ | £ | £ | £ | £ | ||
| General funds | – | 33,457 | (24,249) | – | 9,208 | |
| ============== | ============================ | ============================ | ============== | ======================= | ||
| Restricted funds | ||||||
| At 1 April | At 31 March | |||||
| 2024 | Income | Expenditure | Transfers | 2025 | ||
| £ | £ | £ | £ | £ | ||
| Restricted Fund 1 - desc | ||||||
| in a/cs | – | 25,285 | (5,285) | (10,768) | 9,232 | |
| ============== | ============================ | ======================= | ============================ | ======================= | ||
| At 1 April | At | 31 March | ||||
| 2023 | Income | Expenditure | Transfers | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Restricted Fund 1 - desc | ||||||
| in a/cs | – | 1,356 | (1,356) | – | – | |
| ============== | ======================= | ======================= | ============== | ============== |
- 16 -
Windsor Road Foundation
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
20. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Tangible fixed assets | 46,558 | – | 46,558 |
| Current assets | 31,194 | 9,232 | 40,426 |
| Creditors less than 1 year | (120) | – | (120) |
| Creditors greater than 1 year | (40,000) | – | (40,000) |
| ---------------------------- | ----------------------- | ---------------------------- | |
| Net assets | 37,632 | 9,232 | 46,864 |
| ============================ | ======================= | ============================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 7,453 | – | 7,453 |
| Current assets | 7,175 | – | 7,175 |
| Creditors less than 1 year | (420) | – | (420) |
| Creditors greater than 1 year | (5,000) | – | (5,000) |
| ----------------------- | -------------- | ----------------------- | |
| Net assets | 9,208 | – | 9,208 |
| ======================= | ============== | ======================= |
21. Taxation
Windsor Road Foundation is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
- 17 -