2026-01-31-accounts

Registered Charity Number: 1169949

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 January 2026

For

The Fairbridge Trust

Fairbridge Trust

CONTENTS

Report of the Trustees	1 to 2
Independent Examiner’s Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6 to 7

Fairbridge Trust Report of the Trustees for the Year Ended 31 January 2026

The Trustees present their report with the financial statements of the charity for the year ended 31 January 2026.

The financial results have been prepared in accordance with the accounting policies set out in notes 1. and 2. to the financial statements and comply with the charity's constitution.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Fairbridge Trust is a Charitable Incorporated Organisation, constituted on 29 October 2016. The Trust recruits volunteers and any volunteer committed to the objectives of the Trust, with relevant skills and experience, may be elected to the board of trustees at the discretion of the trustees.

There is currently no formal induction or training for new trustees, however new trustees are provided with a copy of the trust deed, recent minutes and current accounts. Trustee meetings are held regularly to review the success of the shop and any purchasing or advertising decisions and to assess the availability of funds for making donations. Trustees are required to disclose all relevant interests in accordance with the constitution and to withdraw from any decisions where a conflict of interest arises. No trustee remuneration or expenses are paid.

RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to these risks.

OBJECTIVES AND ACTIVITIES

The objects of the CIO are to prevent or relieve poverty or financial hardship in the developing world and in Weymouth and its neighbouring areas by the provision of such grants and donations as the trustees shall think fit.

We raise funds to achieve these objectives through the sale of fair trade and ethically sourced goods in our shop, The Bridge Fair Trade Shop. The shop is entirely manned by volunteers, and the objectives would not be achieved without them.

We attend outside events, welcome groups to the shop and give talks to local groups when invited, widening our customer base and promoting the sale of fair trade goods and local awareness of the Fair Trade Principles.

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the trust's aims and objectives and in planning and setting grant making policies.

GRANT MAKING POLICY

The Trustees apply the funds of the Fairbridge Trust at their discretion and in accordance with the charitable purposes and objectives of the charity.

The amount of work or number of projects that can be supported by the trustees is necessarily limited to the amount of funds that are available for distribution each year. The Trustees have determined that the current priorities for funding are the relief of poverty and homelessness in the Weymouth area and the relief of poverty among the world's deprived and needy peoples. When funds are available the Trustees will meet and make donations to their chosen local and overseas charities. The policy was reviewed in September 2024.

1

PERFORMANCE AND FINANCIAL REVIEW

Sales this year follow a similar pattern to previous years. Scaffolding over the front of the building during April and May possibly deterred customers but roadworks during November and December encouraged them by forcing customers to walk past the shop. We had a successful year of trading, with a trading surplus of £5,861 (2025 £5,106). We were able to keep our stock and reserves at satisfactory levels and to make charitable grants to both local and overseas charities of £5,587 (2025 £5,000).

We have a dedicated team of volunteers. For various personal reasons, including the unexpected death of one of our trustees, the number dropped from 16 to 13 by the end of 2025. We were back to 14 by the end of January and expect to add 2 more to the team shortly.

We have had stalls at several outside events throughout the year and supply the shop at the local college with a small range of stock, promoting fair trade to the students. The Trust does not solicit donations but relies upon the sale of goods in the shop to raise funds.

RESERVES POLICY

The total funds carried forward as at 31 January 2026 were £8,194 (2025 - £7,865). The Trustees are confident that this is sufficient to cover future contingencies.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number: 1169949

Principal address

The Bridge Fair Trade Shop 24 Trinity Road, Weymouth, DT4 8TJ

Trustees

L C Perry K Roberts (until October 2025) L Anderson J Hall S Sandercock A Rimmer (from January 2026)

Clerk to Trustees

G J Perry

Bankers

Santander plc 73 St Thomas Street, Weymouth, DT4 8EL

Approved by order of the Board of Trustees on 1 June 2026 and signed on its behalf by:

L C Perry - Chair of Trustees

2

Indepelldellt examlDei"s i'epoil to the h'llstees of Ffih'bildge T1￿$t I report to the trustees oll m%. examinaiion of the accounts of the Fairbridqe Trust (the Trusti for the >'eay ended 3 1 JanuaTr' 2026. RespoDslbllltles aDd ba$ls of report -45 the charirn trustees of Ihe Tru51. Nou are re5POD5Lble for the preparallon of tbe accounts in hccordance Th-ith rhe requ￿eMen[S of the CbariTie5 Act !01 l ('the .4ct' i. I report th respect of mi. eiaminauon of the Tiust's accounts carried out under seciion lJq of the 2011 Aci and in carTring out elaminarion I hai'e folloii'ed all the &pplic&ble Directions gii-en b>. the ChariTK Con]mission under sectioll 14414 Kb) of the .4ci. Independent eiAmlner's stAtemeDt I bai"e completed m!" eXamU￿￿on. I confinn that no material matter5 hai"e come to Tr}" aTtenTion in connection Thith the examinaiion qiiinq me cause to beliei"e that in anv n￿lerial respect.. l. accounting records Th'ere not kepi in respect of the Trust as required by sectsojj 130 of the Act: or the accounts do not accord ii'ith ihose records: or 3. the accounts do noi compl!. iiith the appltcable requiTemenis concerning the fomi and conient of accoun15 ser oui in Ihe Charities (Accounts and Reports) Regmlaiions 2008 oiher than anN' requirement that tbe accounts gii"e a "true end far i'le￿. ii.bicb 15 not a maller considered as pan of a￿ independent ewnl￿tioll. I hai"e no concerns and hai"e come across no other marters in connecrion ii.ith the examination to i1.￿ch at1￿1110n should be draTh￿ in this repoff in order Eo enable a proper understanduiq of the accoullls io be reache Siqned.. Dr Neil HardsTh' B.Sc Ph.D ". 4 Dorcbester Road. I1-￿1￿0Uth J)-É-¥

Fairbridge Trust Statement of Financial Activities for the Year Ended 31 January 2026

		2026	2025
	Notes	£	£
INCOME FROM TRADING
Shop Sales		27,935	27,467
Cost of sales		17,371	17,307
Gross profit		10,564	10,160
EXPENSES
Advertising		58	100
Bank charges		306	496
BID levy		90	90
Cleaning		32	45
Depreciation		0	0
Fire alarms & security		268	386
Fixtures & fittings		325	87
Insurance		312	306
Miscellaneous expense		306	348
Music license fees		502	471
Telephone & broadband		266	295
Utilities		2,238	2,430
Total expenses		4,703	5,054
Surplus before Charitable Grants		5,861	5,106
Charitable Grants made	3	(5,587)	(5,000)
Surplus/(deficit)		274	106
Reserves brought forward		7,865	7,704
Donations received	4	55	55
Reserves carried forward		£8,194	£7,865

4

Fairbridge Trust Balance Sheet as at 31 January 2026

		2026	2025
	Notes	£	£
FIXED ASSETS
Shop furniture	5	0	0
CURRENT ASSETS
Stock		10,428	10,139
Debtors & Prepayments		1,131	773
Cash in hand		308	233
Santander Current Account		3,651	4,040
Shared Interest Share Account		3,000	3,000
		18,518	18,185
CURRENT LIABILITIES
Accruals		(324)	(320)
NET CURRENT ASSETS		18,194	17,865
TOTAL ASSETS LESS CURRENT
LIABILITIES		18,194	17,865
CREDITORS: AMOUNTS
FALLING DUE AFTER ONE YEAR
Loan from Trustee	6	10,000	10,000
NET ASSETS		£8,194	£7,865
FUNDS OF THE CHARITY
Unrestricted funds		8,194	7,865
TOTAL FUNDS		£8,194	£7,865

5

Fairbridge Trust

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. Basis of accounting

These accounts have been prepared on the basis of historic cost in accordance with Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005) and with Accounting Standards.

2. Accounting Policies

INCOMING RESOURCES

Recognition of incoming resources: These are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources.

Incoming resources with related expenditure: Where incoming resources have related expenditure the incoming resources and related expenditure are reported gross in the SoFA.

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Gifts in kind are accounted for at a reasonable estimate of their value to the charity.

Donated services and facilities are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material.

Volunteer help: The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

EXPENDITURE AND LIABILITIES

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

ASSETS

Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost at least £150. They are valued at cost or a reasonable value on receipt.

Stocks are valued at the lower of cost or market value.

6

3. Grants made

Grants totalling £5,587 (2025 - £5,000) were made during the period:

APT Action on Poverty(Reg. charity no. 290836)	£500
Disasters Emergency Committee(Reg. charity no. 1062638)	£500
Murugi Community Trust(Reg. charity no. 1207991)	£300
Christians Against Poverty(Reg. charity no. 1097217)	£1,000
Christian Aid(Reg. charity no. 1105851)	£1,000
The Prayerhouse (Soul Food)(Reg. charity no. 1005120)	£1,000
Transform Trade (Reg. charity no. 1048752)	£37
Refresh Family Matters(Reg charity no. 1158394)	£250
The Nest Weymouth CIC	£1,000

4. Donations received

Donations received were not solicited and there is no expenditure related to this income.

The shop premises occupied by the Trust are leased on a rent-free basis from a Trustee. These are not shown as donated facilities because the benefit is not considered reasonably quantifiable.

5. Fixed Assets

Fixed Assets comprise shop furniture which is being depreciated on a straight-line basis over its estimated useful life of 5 years:

	Furniture
Cost 1 February 2025	£2,628
Additions	0
At 31 January 2026	£2,628
Depreciation at 1 February 2025	2,628
Charge for the year	0
At 31 January 2026	£2,628
Net Book Value at 31 January 2026	£0
Net Book Value at 31 January 2025	£0

6. Loan from Trustee

The loan is interest free and repayable entirely at the discretion of the Trustees.

7