Finance Score: 0
Governance Score: 4
Support Score: 7
  • No PartB
  • Narrow trustee age band: -2
  • Dynamic board: +3
  • Gender balanced board: +3
  • Overall weighted support: +7
Overall GiG Score: 11 ?

STOREROOM 2010

Storeroom2010 enables low income families maintain living standards by offering discounted prices on many items for referred clients. Re-use of furniture and household goods saved approx. 114,500kgs from landfill in 2021. Storeroom2010 also offers work experience and volunteer opportunities. We previously ran a successful Education project, currently running Men in Sheds project from May 2018.
Analysis by Giving is Great

Positives:

  • There have been no material income shortfalls in recent years
  • A significant proportion of recent income was derived from major grant makers
  • The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • The Board has little diversity in terms of age

Financial issues to consider:

  • A PartB annual return has not been required and so detailed financial information is not available from the online data

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit £k
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/12/23£330£283£48n/an/an/an/an/an/a
31/12/22£310£268£43n/an/an/an/an/an/a
31/12/21£235£245£-10n/an/an/an/an/an/a
31/12/20£317£237£80n/an/an/an/an/an/a
31/12/19£290£241£49n/an/an/an/an/an/a
31/12/18£262£251£10n/an/an/an/an/an/a
31/12/17£256£262£-6n/an/an/an/an/an/a
31/12/16£421£241£180n/an/an/an/an/an/a
31/12/15£274£253£21n/an/an/an/an/an/a
31/12/14£246£222£24n/an/an/an/an/an/a
31/12/13£201£151£50n/an/an/an/an/an/a
31/12/12£137£120£17n/an/an/an/an/an/a
31/12/11£140£94£46n/an/an/an/an/an/a

Highest pay bracket: less than £60,000
Established: 14 years

www.storeroom.org.uk

NICKSSTOREROOM@YAHOO.CO.UK

01983298679

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Economic/Community Development/Employment
  • Environment/Conservation/Heritage
  • General Charitable Purposes
  • Other Charitable Purposes
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Legal & financial advice
How it operates
  • Other charitable activities
  • Provides buildings/facilities/open space
  • Provides services
Where it operates
  • Isle Of Wight,
Who it helps
  • Children/Young People
  • Elderly/Old People
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • People Of A Particular Ethnic Or Racial Origin
  • People With Disabilities
  • The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years
National Lottery Community Fund£254,459
Power to Change£24,998
Garfield Weston Foundation£10,000
Henry Smith Charity£10,000
DCMS£5,000
Specific Donations
Amount When
Months
To be used for
National Lottery Community Fund - Cowes Men's Shed Community Project
£254,459 11/02/2022
The grant will provide continuation funding towards the running of Cowes Men’s Shed on the Isle of Wight. Storeroom2010 is a furniture re-use charitable company providing low-cost furniture to relieve poverty whilst helping the environment ....more
Co-Operative Group - Grant to Cowes Men's Shed
£913 23/10/2021
We would like to continue offering free membership to our gardens, hobby room and carpentry workshop with tools and equipment in order to target social isolation.
Garfield Weston Foundation - Main Grants award
£10,000 15/10/2021
Cowes Men's Shed
DCMS - VSCE CMC Fund
£5,000 27/08/2020
NET, Comic Relief and Children in Need will use this funding to provide: increased support to vulnerable people and hidden groups, thus reducing the burden on public services; reach local grassroots and small organisations who can provide an ....more
Power to Change - C-19 TISS - Storeroom 2010
£24,998 01/07/2020
Grant to C-19 TISS - Storeroom 2010
Henry Smith Charity - Grant to Storeroom2010
£10,000 10/12/2019
24
towards two years' running costs of 'Cowes Men's Shed' providing support for vulnerable men in Isle of Wight
National Lottery Community Fund - Cowes Men's Shed
£95,129 22/02/2019
24
The project will use funding to expand the Cowes Men's Shed to address the need to reduce isolation and loneliness on the Island, particularly for older men. Funding will be used to cover an activity leader.
Garfield Weston Foundation - Main Grants award
£20,000 18/06/2018
Storeroom Education Skills Gap Training Project
Power to Change - Storeroom 2010
£80,000 01/07/2016
36
Grant to Storeroom 2010
Henry Smith Charity - Grant to Storeroom2010
£9,000 14/03/2013
towards one year's core costs of a recyling charity serving disadvantaged communities on the Isle of Wight
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)
Current Trustees appointed
Gender Split

Age Range of Trustees: 59-77
  • BENEDICT MALCOLM SEBASTIAN ROUSE (Chair) Appointed: 2018, Occupation: Financial Adviser
  • ELIZABETH MARY MACKENZIE Appointed: 2021, Occupation: Company Director
  • PADDY NOCTOR Appointed: 2020, Occupation: Retired
  • REX GULLY Appointed: 2018, Occupation: Auctioneer/Valuer
  • TERESA DAY Appointed: 2021, Occupation: Clinical Lead Officer In Digital Health
  • TIMOTHY CHARLES DAY Appointed: 2011, Occupation: Retired
Legal constitution
  • Charitable company registered in England & Wales on 19/05/2011, number: 1142010
  • Registered at Companies House on 11/01/2011, number: 07488966
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Filing Record
13 returns made; all on time
Main office

1 MARINERS WAY
SOMERTON BUSINESS PARK
COWES
ISLE OF WIGHT
PO31 8PD

Objectives

PREVENTION AND RELIEF OF POVERTY BY SUPPLYING DONATED FURNITURE AND HOUSEHOLD GOODS AT MINIMAL COST TO PEOPLE IN NEEDTHE PROTECTION AND PRESERVATION OF THE ENVIRONMENT BY ENCOURAGING RE-USE/RECYCLING OF DONATED FURNITURE AND HOUSEHOLD GOODSTHE RELIEF OF UNEMPLOYMENT FOR THE BENEFIT OF THE PUBLIC IN SUCH WAYS AS MAY BE THOUGHT FIT INCLUDING THE PROVISION OF TRAINING, EMPLOYMENT,WORK EXPERIENCE AND VOLUNTEERING OPPORTUNITIES

Data Sources

Charity Commission for England and Wales
360 Giving

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