**REGISTERED CHARITY NUMBER: 1170515**
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2025
for
Bridgwater Foodbank
Maxwells Chartered Accountants
4 King Square Bridgwater Somerset TA6 3YF
Bridgwater Foodbank
## Contents of the Financial Statements for the Year Ended 31 December 2025
|||Page||
|---|---|---|---|
|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|10|
|Detailed Statement of Financial Activities||11||
Bridgwater Foodbank
Report of the Trustees for the Year Ended 31 December 2025
The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity exists for the public benefit, to provide emergency food parcels and other items to those in need in the Bridgwater area.
The collection of food and other items from local donation points, logging the weight, sorting into 'use by' dates, storing it on shelving and making up food parcels for those clients who arrive at the foodbank with a voucher from a recognised agency (emailed prior to arrival).
The trustees are aware of the guidance issued and adhere to the specific procedure.
The foodbank is entirely staffed by volunteers. Even the manager, who would be entitled to remuneration gives his services for free.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
For all of 2025 food was supplied for 6,619 vouchers (6,655 in 2024) of which 2,365 were for children (2,773 in 2024) and 223 were for homeless people. During the same year we received 42.5 tonnes of food (49.6 tonnes in 2024) and distributed 41 tonnes (49.5 tonnes in 2024).
## **FINANCIAL REVIEW**
## **Financial position**
A surplus of £52,810 was achieved in the financial year ended 31 December 2025 (2024 - £44,189) and total of unrestricted funds of £371,355 (2024 - £318,545) were retained.
During the financial year ended 31 December 2025, Donations were received of £58,394 and carpark income received of £8,640 (£9,116 in 2024).
## **Reserves policy**
In addition to a balance of 6 months operating costs in the current account we aim to hold reserves of at least two years operating costs in a 95 day and 35 day deposit account. We also hold a two year bond that will mature in early January 2026 when the money will be reinvested.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The organisation is registered as a Charitable Incorporated Organisation (CIO), registered on 1 December 2016 Charity number 1170515 and operates from Mount Street, Bridgwater, Somerset, TA6 3ER.
We have 13 Trustees ,three of whom is independent. All the trustees volunteer for various roles in the foodbank. The normal period of office is 3 years; Nominations received at the AGM are then voted on. All new trustees (and volunteers) are required to sign up to the Constitution and various policies, including safeguarding.
The manager co-ordinates the work of the volunteers. We liaise regularly with other local charities and referring agencies including Social Services.
The Bridgwater Foodbank work within the umbrella of the Trussell Trust.
The trust works closely with a team of counsellors, to try and provide longer-term or permanent solutions to client's problems.
Page 1
Bridgwater Foodbank
Report of the Trustees for the Year Ended 31 December 2025
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1170515
## **Principal address**
Mount Street Day Centre Mount Street Bridgwater Somerset TA6 3ER
## **Trustees**
P H Jarman Trustee Ms C Adams Trustee Ms B A Barnard Trustee Mrs M J M Moyse Trustee C Wyganowski Trustee (resigned 25.3.25) D A Young Trustee Ms J H Ballard Trustee N S Ballard Trustee A Lawrence Trustee Ms A R Crockford Trustee (resigned 25.3.25) D Hillman Trustee Ms L Hillman Trustee (resigned 25.3.25) Mrs L C Jeanes Trustee (appointed 25.3.25) Miss C Turner Truestee (appointed 25.3.25) K Jones Trustee (appointed 25.3.25)
## **Independent Examiner**
Maxwells Chartered Accountants 4 King Square Bridgwater Somerset TA6 3YF
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Ms J H Ballard - Trustee
Page 2
Independent Examiner's Report to the Trustees of Bridgwater Foodbank
## **Independent examiner's report to the trustees of Bridgwater Foodbank**
I report to the charity trustees on my examination of the accounts of Bridgwater Foodbank (the Trust) for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Gavin Roberts
Maxwells Chartered Accountants 4 King Square Bridgwater Somerset TA6 3YF
Date: .............................................
Page 3
Bridgwater Foodbank
## Statement of Financial Activities
## for the Year Ended 31 December 2025
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**67,034**
Investment income
2
**5,931**
**Total**
**72,965**
**EXPENDITURE ON**
**Charitable activities**
Distribution of food parcels
**20,155**
**NET INCOME**
**52,810**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**318,545**
**TOTAL FUNDS CARRIED FORWARD**
**371,355**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**74,280**
**74,280**|**31.12.25**
31.12.24
**Total**
Total
**funds**
funds
**£**
£
**67,034**
62,705
**5,931**
2,507
**72,965**
65,212
**20,155**
21,023
**52,810**
44,189
**392,825**
348,636
**445,635**
392,825|
|---|---|---|
The notes form part of these financial statements
Page 4
Bridgwater Foodbank
## Balance Sheet
## 31 December 2025
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
5
**158,194**
**CURRENT ASSETS**
Debtors
6
**711**
Cash at bank and in hand
**213,218**
**213,929**
**CREDITORS**
Amounts falling due within one year
7
**(768)**
**NET CURRENT ASSETS**
**213,161**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**371,355**
**NET ASSETS**
**371,355**
**FUNDS**
8
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
**74,280**
**-**
**-**
**-**
**-**
**-**
**74,280**
**74,280**|**31.12.25**
**Total**
**funds**
**£**
**232,474**
**711**
**213,218**
**213,929**
**(768)**
**213,161**
**445,635**
**445,635**
**371,355**
**74,280**
**445,635**|31.12.24
Total
funds
£
233,838
607
158,980
159,587
(600)
158,987
392,825
392,825
318,545
74,280
392,825|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J H Ballard - Trustee
The notes form part of these financial statements
Page 5
Bridgwater Foodbank
Notes to the Financial Statements for the Year Ended 31 December 2025
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance Motor vehicles - 25% on reducing balance
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. INVESTMENT INCOME**
Deposit account interest
**31.12.25** 31.12.24 **£** £ **5,931** 2,507
continued...
Page 6
Bridgwater Foodbank
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
|**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Distribution of food parcels
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**5.**
**TANGIBLE FIXED ASSETS**
Improvements
Freehold
to
property
property
£
£
**COST OR VALUATION**
At 1 January 2025 and
31 December 2025
**74,280**
**153,904**
**DEPRECIATION**
At 1 January 2025
**-**
**-**
Charge for year
**-**
**-**
At 31 December 2025
**-**
**-**
**NET BOOK VALUE**
At 31 December 2025
**74,280**
**153,904**
At 31 December 2024
74,280
153,904|**ACTIVITIES**
Unrestricted
fund
£
62,705
2,507
65,212
21,023
44,189
274,356
318,545
Plant and
machinery
£
**1,862**
**880**
**196**
**1,076**
**786**
982||Restricted
fund
£
-
-
-
-
-
74,280
74,280
Motor
vehicles
£
**14,765**
**10,093**
**1,168**
**11,261**
**3,504**
4,672|Total
funds
£
62,705
2,507
65,212
21,023
44,189
348,636
392,825
Totals
£
**244,811**
**10,973**
**1,364**
**12,337**
**232,474**
233,838|
|---|---|---|---|---|
continued...
Page 7
Bridgwater Foodbank
Notes to the Financial Statements - continued
for the Year Ended 31 December 2025
## **5. TANGIBLE FIXED ASSETS - continued**
Cost or valuation at 31 December 2025 is represented by:
|**Improvements**
**Freehold**
**to**
**Plant and**
**property**
**property**
**machinery**
**£**
**£**
**£**
Valuation in 2023
**(75,720)**
**-**
**-**
Cost
**150,000**
**153,904**
**1,862**
**74,280**
**153,904**
**1,862**
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**MOVEMENT IN FUNDS**
At 1.1.25
£
**Unrestricted funds**
General fund
**318,545**
**Restricted funds**
Property
**74,280**
**TOTAL FUNDS**
**392,825**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**72,965**
**TOTAL FUNDS**
**72,965**|**Motor**
**vehicles**
**Totals**
**£**
**£**
**-**
**(75,720)**
**14,765**
**320,531**
**14,765**
**244,811**
**31.12.25**
31.12.24
**£**
£
**711**
607
**31.12.25**
31.12.24
**£**
£
**768**
600
Net
movement
At
in funds
31.12.25
£
£
**52,810**
**371,355**
**-**
**74,280**
**52,810**
**445,635**
Resources
Movement
expended
in funds
£
£
**(20,155)**
**52,810**
**(20,155)**
**52,810**|
|---|---|
continued...
Page 8
Bridgwater Foodbank
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.1.24
£
**Unrestricted funds**
General fund
274,356
**Restricted funds**
Property
74,280
**TOTAL FUNDS**
348,636
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
65,212
**TOTAL FUNDS**
65,212
A current year 12 months and prior year 12 months combined position is as follows:
At 1.1.24
£
**Unrestricted funds**
General fund
274,356
**Restricted funds**
Property
74,280
**TOTAL FUNDS**
348,636|Net
movement
At
in funds
31.12.24
£
£
44,189
318,545
-
74,280
44,189
392,825
Resources
Movement
expended
in funds
£
£
(21,023)
44,189
(21,023)
44,189
Net
movement
At
in funds
31.12.25
£
£
96,999
371,355
-
74,280
96,999
445,635|
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**|Incoming
Resources
resources
expended
£
£|Movement
in funds
£|
|---|---|---|
|General fund|138,177
(41,178)|96,999|
|**TOTAL FUNDS**|138,177
(41,178)|96,999|
continued...
Page 9
Bridgwater Foodbank
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2025.
Page 10
Bridgwater Foodbank
Detailed Statement of Financial Activities for the Year Ended 31 December 2025
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2025|||
|---|---|---|
||31.12.25|31.12.24|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**43,395**|38,017|
|Gift aid|**1,360**|2,132|
|Grants|**-**|550|
|Car Park|**8,640**|9,116|
|Standing orders|**13,639**|12,890|
|**Investment income**|**67,034**|62,705|
|Deposit account interest|**5,931**|2,507|
|**Total incoming resources**|**72,965**|65,212|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Rates and water|**276**|282|
|Gas & Electricity|**1,877**|1,531|
|Telephone|**1,231**|1,243|
|Sundries|**205**|945|
|Food purchases|**4,610**|3,406|
|Premises|**2,954**|6,897|
|Repairs and maintenance|**-**|241|
|Publicity and printing|**1,901**|990|
|Van expenses|**2,674**|1,946|
|Warehouse|**1,567**|327|
|**Support costs**|**17,295**|17,808|
|**Management**|||
|Insurance|**560**|700|
|**Finance**|||
|Depreciation of tangible fixed assets|**1,364**|1,885|
|**Governance costs**|||
|Accountancy and legal fees|**936**|630|
|Total resources expended|**20,155**|21,023|
|**Net income**|**52,810**|44,189|
This page does not form part of the statutory financial statements
Page 11