Finance Score: 0

Governance Score: 1

Support Score: 8

No PartB

Narrow trustee age band: -2
Dynamic board: +3

Grant maker support: +8

Overall GiG Score: 9

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 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

Established: 13 years

www.storeroom.org.uk

NICKSSTOREROOM@YAHOO.CO.UK

01983298679

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22	£310	£268	£43	n/a	n/a	n/a	n/a	n/a	18
31/12/21	£235	£245	£-10	n/a	n/a	n/a	n/a	n/a	21
31/12/20	£317	£237	£80	n/a	n/a	n/a	n/a	n/a	38
31/12/19	£290	£241	£49	n/a	n/a	n/a	n/a	n/a	40
31/12/18	£262	£251	£10	£0	£0	£0	n/a	0	41
31/12/17	£256	£262	£-6	£0	£0	£0	n/a	0	0
31/12/16	£421	£241	£180	£0	£0	£0	n/a	0	0
31/12/15	£274	£253	£21	£0	£0	£0	n/a	0	0
31/12/14	£246	£222	£24	£0	£0	£0	n/a	0	0
31/12/13	£201	£151	£50	£0	£0	£0	n/a	0	0
31/12/12	£137	£120	£17	£0	£0	£0	n/a	0	0
31/12/11	£140	£94	£46	£0	£0	£0	n/a	0	0

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Highest pay bracket: less than £60,000

Listed activities

Economic/Community Development/Employment
Environment/Conservation/Heritage
General Charitable Purposes
Other Charitable Purposes
The Prevention Or Relief Of Poverty

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 works here?

Unknown number of employees
18 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant 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
Department for Work and Pensions	£15,460
Garfield Weston Foundation	£10,000
Henry Smith Charity	£10,000
DCMS	£5,000

Specific Donations

Amount	When Months	To be used for
Department for Work and Pensions - KPD COMMUNICATIONS
£10,960	01/04/2022	The Kickstart Scheme provides funding to employers to create jobs for 16 to 24 year olds on Universal Credit.
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 ....more 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 through reducing waste. They also offer training employment and work experience through their industrial unit in Cowes to the north of the Island.
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
Department for Work and Pensions - KPD COMMUNICATIONS
£4,500	01/04/2021	The Kickstart Scheme provides funding to create new jobs for 16 to 24 year olds on Universal Credit who are at risk of long term unemployment.
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 ....more 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 on-the-ground community response to the crisis; and, support local charitable organisations to mobilise volunteers to enable better targeted support in communities through empowered local groups.
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 ....more 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

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Age Range of Trustees: 58-76

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

Complaints handling
Conflicting interests
Paying staff
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

12 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