**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