**07827255**
## **CHARITY REGISTERED NUMBER:1144644**
**ISLE OF WIGHT FOODBANK**
**DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **CHURCHILL ROSE**
**CHARTERED ACCOUNTANTS AND TAX ADVISERS 7 BELL YARD LONDON WC2A 2JR**
**ISLE OF WIGHT FOODBANK**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Company Number:**|07827255|
|---|---|
|**Registered Charity Number:**|1144644|
|**Directors:**|Mr Maurice Kane (resigned October 2023)|
||Rev Stephen Bell|
||Mr Christopher Holgate|
||Mr Tony Murphy (resigned April 2022)|
||Ms Caroline Murphy|
|**Registered Office:**|Love Lane|
||Cowes|
||Isle of Wight|
||PO31 7ET|
|**Accountants:**|Churchill Rose|
||Chartered Accountants and Tax advisers|
||7 Bell Yard|
||London|
||WC2A 2JR|
**ISLE OF WIGHT FOODBANK**
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
## **CONTENTS**
||**Page**|
|---|---|
|Charity - Trustees Report|1|
|Independent Examiner's Report|3|
|Balance sheet|5|
|Statement of financial activities|6|
|Schedule of funds|7|
|Notes|8|
**ISLE OF WIGHT FOODBANK**
**DIRECTORS' AND TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
The Companies Act, submit their annual report and the unaudited financial statements for the year ended 31 October 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in 2005 in preparing the annual report and financial statements of the charity.
## **Structure, Governance and Management**
Governing document
The charity is governed by its Articles of Association of 28 October 2011
## **Objectives and activities**
The Object of the company is the relief of financial hardship among people living or working on the Isle of Wight by providing such persons with goods or services which they could not otherwise afford through lack of means.
## **Achievements and performance**
The Cost of Living crisis, has shown no sign of easing, this has resulted in continued high use of the foodbank resources and services.
The charity continues to support large numbers of people in the Isle of Wight. Food amounting to 82,717 kilos was collected from the public and businesses with 78,330 kilos given out to feed 6,106 people. The value of the food collected and distributed equates to £138.6k and reflects the generosity of the people on the Isle of Wight. Below is a table that shows the number of food parcels we have handed out in recent years.
**----- Start of picture text -----**
2019 2020 2021 2022 2023 2024 2025
Jan 514 529 531 421 703 543 504
Feb 435 459 365 402 669 442 472
Mar 442 838 364 453 809 414 473
April 364 616 265 484 444 522 531
May 486 447 254 414 474 510 503
Jun 338 329 273 474 490 303 349
July 439 337 251 320 457 447 444
Aug 332 287 250 433 486 367 414
Sept 430 283 345 503 526 425 525
Oct 510 384 302 503 496 420 536
Nov 554 544 517 512 512 525 542
Dec 950 621 863 913 943 830 1039
Total 5,794 5,337 4,580 5,832 7,036 5,767 6,332
**----- End of picture text -----**
Along with 8 paid members of the team Isle of Wight Foodbank is run by 140 volunteers operating out of 5 those involved. We have 120 referring agencies.
We employed an extra community wellbeing practitioner into the team. This was in response to the complex situations user find themselves and our desire to help them move away from requiring our services. We have found great success in being able to spend time with people who have often fallen between the cracks of other agencies.
The reserves have increased to £22.2k, to leave us with reserves of £384k. This is a healthy position and allows to think and plan long term for the food bank.
Page 1
**ISLE OF WIGHT FOODBANK**
## **DIRECTORS' AND TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
This surplus for the year of £22.1k, due to the generous giving of businesses, charities and individuals mostly from the IOW. The charity will look over the coming years to reduce our reserves so that the funds that have been given generously will be put to use within the IOW community, for example taking on an extra community practitioner.
## **Future Developments**
are currently still dealing with the aftermath of the cost of living crisis and will be looking at the part the IOW Foodbank can play in helping people with these current issues.
## **Financial review**
The charity has seen a general increase in funding over the last few years which has enabled us to build our reserves up to a more healthy level.
We are grateful to God and the local community for helping the charity continue in its works.
## **Investment policy**
In accordance with the trust deed, the trustees have the power to invest in such stocks, shares, investments and property in the UK as they see fit.
In 2015 the trustees invested £10,000 in M&G Charifund, this represents the reserves of the charity, and it was felt that a better return would be gained than having the money in a deposit account. At 31.10.2025 the value of the fund is £82.6k.
Page 1
**ISLE OF WIGHT FOODBANK**
## **DIRECTORS' AND TRUSTEES' REPORT** (Continued)
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
## **Trustees' responsibilities in relation to the financial statements**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year , which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
-
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the
financial statements;
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board of directors and trustees on 31 July 2026 and signed on its behalf.
......................................................... R C Holgate Trustee.
Page 2
**INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF ISLE OF WIGHT FOODBANK**
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
I report on the accounts which are set out on pages 5 to 14
## **Respective responsibilities of the**
The trustees who are also directors of the company for the purpose of company law are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject under company law and is eligible for independent examination, it is my responsibility to:
Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
## **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 that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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
4. the accounts 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 (FRS102).
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.
........................................ Dated:31 July 2026 Churchill Rose Chartered Accountants and Tax advisers 7 Bell Yard London WC2A 2JR
Page 4
**COMPANY NUMBER: 07827255**
## **ISLE OF WIGHT FOODBANK**
## **BALANCE SHEET**
|**Tangible fixed assets**
Tangible assets
Investments
**Current assets**
Debtors
Bank Accounts
**Creditors**
Amounts falling due within
one year
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Capital funds**
Unrestricted funds
**Total funds**|**AT 31 OCTOBER 2025**
**Note**
**2025**
**£**
**£**
6
1,935
7
82,590
84,525
8
17,119
293,444
310,563
9
952
309,611
394,136
£394,136
394,136
£394,136|**2024**
**£**
**£**
1,157
72,634
73,791
18,655
270,684
289,339
1,214
288,125
361,916
£361,916
361,916
£361,916|
|---|---|---|
||**Note**
6
7
8
9
||
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006). Approved by the trustees on 31 July 2026 and signed on its behalf.
................................................... R C Holgate
The annexed notes form part of these financial statements.
Page 5
## **ISLE OF WIGHT FOODBANK**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025**
|||**Total**|**Total**|
|---|---|---|---|
||**Unrest'd**|**Funds**|**Funds**|
||**Funds**|**2025**|**2024**|
||**£**|**£**|**£**|
|**Incoming resources**||||
|Incoming Resources from||||
|generated funds:||||
|Voluntary income|283,147|283,147|259,605|
|Investment income|608|608|604|
||
283,755|
283,755|
260,209|
|**Total incoming resources**|
283,755|
283,755|
260,209|
|**Resources expended**||||
|Costs of generating funds|22,903|22,903|22,031|
|Charitable activities|8,874|8,874|8,675|
|Governance costs|229,716|229,716|204,397|
|**Total resources expended**|
261,493|
261,493|
235,103|
|Net incoming resources before||||
|revaluations and investment||||
|asset disposals|22,262|22,262|25,106|
|Gains and Losses on revaluations||||
|of fixed assets for the charity's||||
|own use|9,957|9,957|5,078|
|**Net movement in funds**|
32,219|
32,219|
30,184|
|**Total funds brought forward**|£361,917|£361,917|331,732|
|**Total funds carried forward**|
£394,136|
£394,136|
£361,916|
Details of Incoming resources and resources used are given in the notes to the financial statements. Details of other gains and losses are given in the notes to the financial statements.
Page 6
**ISLE OF WIGHT FOODBANK**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **DETAILED ANALYSIS OF MOVEMENTS IN FUNDS**
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
|**Profit & Loss Account**
Profit & Loss Account b/f
Surplus for the year
Gains/ (Loss) on revaluation (owned assets)
**Total funds at 31 October 2025**|**2025**
**£**
**£**
361,917
22,262
9,957
394,136
£394,136|**2024**
**£**
**£**
331,732
25,106
5,078
361,916
£361,916|
|---|---|---|
Page 7
**ISLE OF WIGHT FOODBANK**
**NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
## 1. **Accounting policies**
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS102) issued on 16 July 2014 (as updated through Bulletin 1 published on 2 February 2016 and Update Bulletin 2 published on 5 October 2018) the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Companies Act 2006 and UK Generally Accepted Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
## **Cashflow statement**
The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.
## **Incoming resources**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
## **Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and Machinery - 15% per annum of cost Fixtures and Fittings - 5 year straight line Motor Vehicles - 3 years straight line
## **Pension costs**
The company operates a defined contribution pension scheme under the Auto Enrolment rules for its employees. The pension charge represents the amount payable by the company to the fund in respect of the year.
## 2. **Turnover**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Page 10
**ISLE OF WIGHT FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
## 3. **Operating profit**
|3.|**Operating profit**|||
|---|---|---|---|
|||**2025**|**2024**|
|||**£**|**£**|
||This is stated after charging:|||
||Accountancy|4,178|4,055|
||Depreciation of owned assets|1,475|1,632|
||Pension costs (excluding directors)|2,450|2,483|
|||||
|4.|**Staff costs**|||
||The average number of persons employed by the company, including directors, during the year was as|||
||follows:|||
|||**2025**
|**2024**|
||General staff|7
|7|
|||||
||The aggregate payroll costs of these persons were as follows:|||
|||**2025**
|**2024**|
|||**£**|**£**|
||Wages and salaries|159,724|145,490|
||Social security|6,029|6,645|
||Other pension costs|2,450|2,483|
|||
£168,203 £154,618||
|||||
|5.|**Other Interest Receivable And Similar**|||
|||**2025**|**2024**|
|||**£**|**£**|
||Other interest receivable & similar|608|604|
Page 10
**ISLE OF WIGHT FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
## 6. **Tangible fixed assets**
|**Plant**
**Fixtures**
**and**
**and**
**Machinery**
**Fittings**
**£**
**£**
Cost:
At 1 November 2024
7,625
2,410
Additions
2,253
0
At 31 October 2025
9,878
2,410
Depreciation:
At 1 November 2024
6,730
2,148
Charge for the year
1,213
262
At 31 October 2025
7,943
2,410
Net book value:
At 31 October 2025
£ 1,935
£ 0
At 31 October 2024
£ 895
£ 262
7.
**Fixed asset investments**
Investments London Stock Exchange
8.
**Debtors and prepayments**
Amounts falling due within one year:
Sales ledger balances
Prepayments|**Motor**
**Vehicles**
**Total**
**£**
**£**
24,243
34,278
0
2,253
24,243
36,531
24,243
33,121
0
1,475
24,243
34,596
£ 0
£ 1,935
£ 0
£ 1,157
**2025**
**2024**
**£**
**£**
82,590
72,634
**2025** **2024**
**£**
**£**
15,267 17,162
1,852 1,493
£17,119 £18,655|
|---|---|
Page 11
**ISLE OF WIGHT FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
## 9. **Creditors**
Amounts falling due within one year:-
|**2025**
**£**
Purchase ledger balances
(516)
Amount due to Pension Fund
469
Accruals and Deferred Income
999
£ 952|**2024**
**£**
(240)
451
1,003
£ 1,214|
|---|---|
|10.|**Other Recognised Gains and Losses**|||
|---|---|---|---|
|||**2025**|**2024**|
|||**£**|**£**|
||**Assets for the charity's own use**|||
||**Unrestricted funds**|||
||Revaluation of Investment Fund|9,957|5,078|
|||||
|11.|**Incoming resources**|||
|**Incoming resources**|||||
|---|---|---|---|---|
|||**Rest'd**|||
||**Unrest'd**|**Income**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**Funds**|
||**2025**|**2025**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|**Voluntary Income**|||||
|Donated sales and textiles|5,480|0|5,480|6,825|
|Donations and Grants|238,963|0|238,963|244,901|
|Tesco top-up|2,776|0|2,776|2,278|
|Dividends on investments|4,570|0|4,570|4,250|
|Misc income|31,358|0|31,358|1,351|
||
283,147|
0|
283,147|
259,605|
|**Investment income**|||||
|Other interest receivable & similar|608|0|608|604|
||
608|
0|
608|
604|
Page 12
**ISLE OF WIGHT FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
|12.
**Costs of generating funds**
Rent rates and service costs
Utilities costs
Premises Expenses
Other repairs and maintenance
Cleaning
Vehicle costs
13.
**Charitable activities**
Travel and subsistence
Training costs
Recruitment costs
Other staff costs
Advertising and Marketing
Other entertaining
|**2025**
**£**
747
4,781
7,177
806
4,373
5,019
**2025**
**£**
2,696
317
95
3,783
1,571
412
|**2025**
**£**
22,903
**2025**
**£**
8,874
|**2024**
**£**
653
4,589
6,886
1,644
2,847
5,412
22,778
**2024**
**£**
1,899
381
190
4,617
784
804
8,675|
|---|---|---|---|
Page 13
**ISLE OF WIGHT FOODBANK**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 OCTOBER 2025**
14. **Governance costs**
|
Insurance
Insurance
IT and computing costs
Telecommunications
Refreshments
Printing, stationery & postage
Health and safety
Subscriptions
Legal and professional
Bank charges
Sundry expenses
TH Discretionary Fund
Financial Inclusion
Wages and salaries - Administration
Employers NIC - Administration
Pensions - Administration
Depreciation - Admin - owned assets
Accountancy
Bank interest
|**2025**
**2025**
**£**
**£**
1,378
1
2,587
1,607
950
5,213
0
699
150
716
8,586
140
33,745
159,724
6,029
2,450
1,475
4,178
88
229,716
|**2024**
**£**
1,308
(1)
598
2,715
558
1,997
109
930
0
749
12,506
92
22,497
145,490
6,645
2,483
1,632
4,055
34
204,397|
|---|---|---|