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STOREROOM 2010

Registered charity 1142010 · accounts filings on the Charity Commission register

Storeroom2010 enables low income families maintain living standards by offering discounted prices on many items for referred clients. In 2024 we saved approx. 146,500kgs of furniture and household goods from going to landfill. Storeroom2010 also offers work experience placements and volunteer opportunities. We also have a Community Men in Sheds project which began in May 2018.

Causes: General Charitable Purposes · The Prevention Or Relief Of Poverty · Environment/conservation/heritage · Economic/community Development/employment · Other Charitable Purposes · website · Get email alerts

Latest income
£312k
Latest spending
£297k
Registered
2011
Accounts read
FY2025

Financial health, per its FY2025 accounts

The charity reported a net surplus of £14,433 for the year ended 31 December 2025, with total income of £311,809 and charitable expenditure of £297,376. However, the trustees state that free reserves of £94,285 are below the stated policy target of six months' running costs, and they are unsure if reserves can be maintained in the short term due to rising costs.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £94k)
“At the year end, the amount held in free reserves was lower than that required by our reserves policy due to rising running costs.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (2 freehold); recorded price paid £501k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Isle Of Wight

Income and spending

Financial year endIncomeSpending
31/12/2025£312k£297k
31/12/2024£303k£334k
31/12/2023£330k£283k
31/12/2022£310k£268k
31/12/2021£235k£245k

Common questions

Is STOREROOM 2010 financially healthy?

Per its FY2025 accounts: The charity reported a net surplus of £14,433 for the year ended 31 December 2025, with total income of £311,809 and charitable expenditure of £297,376. However, the trustees state that free reserves of £94,285 are below the stated policy target of six months' running costs, and they are unsure if reserves can be maintained in the short term due to rising costs. Its FY2025 accounts were independently examined.

Who funds STOREROOM 2010?

Funders whose own accounts filings name STOREROOM 2010 as a grant recipient include JOHN SWIRE 1989 CHARITABLE TRUST, THE TRUEMARK TRUST, THE WIGHT AID FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
JOHN SWIRE 1989 CHARITABLE TRUSTFY2024£15k
THE TRUEMARK TRUSTFY2023£5k
JOHN SWIRE 1989 CHARITABLE TRUSTFY2023£1k
THE WIGHT AID FOUNDATIONFY2024£495

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund11/02/2022£254kCowes Men's Shed Community Project
The National Lottery Community Fund22/02/2019£95kCowes Men's Shed