NORTH LONDON COST SHOP

Registered charity 1188028 · accounts filings on the Charity Commission register

The objectives for which the charity was formed are the relief of financial hardship for the public benefit by theprovision of household goods and food products at wholesale prices to people who might otherwise not be able toafford them. In order to achieve the charitable objectives, the charity is operating a low cost shop in North London.

Causes: General Charitable Purposes · The Prevention Or Relief Of Poverty · Get email alerts

Latest income

£11.7m

Latest spending

£11.4m

Registered

2020

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a surplus of £290,071 from charitable activities and donations, resulting in unrestricted funds increasing to £2,207,666. The trustees report adequate resources and a consistent income stream, adopting the going concern basis with no material uncertainties identified by the auditors.

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

What the accounts disclose

Reserves policy: a level which the trustees think appropriate after considering the future commitments of the charity, unplanned emergency expenditure and the likely administrative costs of the charity for the next year (held: £2.2m)

“It is the policy of the charity to try and maintain unrestricted funds at a level which the trustees think appropriate after considering the future commitments of the charity, unplanned emergency expenditure and the likely administrative costs of the charity for the next year.” — page 5

Per its FY2025 accounts as filed with the Charity Commission.

Related-party transaction: Trustee loan receivable

“As at 31st March 2025 Mr S Blonder (Trustee) is owed £147,000 from the North London Cost Shop. In addition the brother of Mr S Blonder (Trustee) was employed by the North London Cost Shop throughout the period. Finally, Budget Clothing And A Helping Hand, a charity which shares a Trustee with North London Cost Shop (Mr S Blonder), owes North London Cost Shop £29,401 as at 31st March 2025. North London Cost Shop also purchased goods from Budget Clothing And A Helping Hand in the period totalling £57,267. No other related party transactions have been noted during the period ended 31 March 2025.” — page 22

Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Venitt and Greaves. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income

£11.7m

Total spending

£11.4m

Reserves (reported)

£10.0m

Employees

Reported reserves equal ~10.5 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

Shloimeh Blonderchair · trustee of 1 other charity
ABRAHAM BAR-HORIN · trustee of 3 other charities
PINCHAS BENEDIKT · trustee of 6 other charities

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

Operates in: Throughout London

Income and spending

Financial year end	Income	Spending
31/03/2025	£11.7m	£11.4m
31/03/2024	£10.2m	£9.4m
31/03/2023	£9.0m	£8.2m
31/03/2022	£7.2m	£7.1m
31/03/2021	£7.6m	£7.4m

Common questions

Is NORTH LONDON COST SHOP financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a surplus of £290,071 from charitable activities and donations, resulting in unrestricted funds increasing to £2,207,666. The trustees report adequate resources and a consistent income stream, adopting the going concern basis with no material uncertainties identified by the auditors. Its FY2025 accounts were audited by Venitt and Greaves.

Who funds NORTH LONDON COST SHOP?

Funders whose own accounts filings name NORTH LONDON COST SHOP as a grant recipient include MERCAZ CHASIDEI WIZNITZ TRUST, AMABRILL LTD, FOUNTAIN OF CHESSED LIMITED, FRIENDS OF BOYAN TRUST, RINA CHARITABLE TRUST.

Known funders

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

Funder	Year	Amount	Purpose (as stated by the funder)
MERCAZ CHASIDEI WIZNITZ TRUST	FY2022	£84k
AMABRILL LTD	FY2025	£79k
FOUNTAIN OF CHESSED LIMITED	FY2025	£24k
FOUNTAIN OF CHESSED LIMITED	FY2024	£19k
FRIENDS OF BOYAN TRUST	FY2021	£11k
RINA CHARITABLE TRUST	FY2024	£10k
YESODEY HATORAH SCHOOLS	FY2022	£6k
YESODEY HATORAH SCHOOLS	FY2021	£5k	Provision of education and relief of poverty

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
TRUEMART LIMITED	2	£16k
ACHISOMOCH AID COMPANY LIMITED	1	£3.1m
COMET CHARITIES LTD	1	£285k
RONTADES LIMITED	1	£250k
BEAULAND LIMITED	1	£139k
UOHC SUPERVISION LTD	1	£134k
THE SALO BORDON CHARITABLE TRUST	1	£123k
REIFER MEMORIAL LIMITED	1	£105k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with LOW COST LIVING LIMITED.

LOW COST LIVING LIMITED income £7.8m
NORTH LONDON CHARITIES LTD income £250k
NORTH LONDON WELFARE AND EDUCATIONAL FOUNDATION income £6.6m
NORTH LONDON BIKUR CHOLIM LIMITED income £3.0m
CREATE SPACE LONDON income £132k
NORTH LONDON COMMUNITY HOUSE income £130k

Side by side with its peers

Charity	Income	Top pay band	Reserves vs policy	Fundraising cost	Going concern
NORTH LONDON COST SHOP	£11.7m	—	unclear	—	no doubt
LOW COST LIVING LIMITED FY2025	£7.8m	—	unclear	—	no doubt
NORTH LONDON CHARITIES LTD FY2025	£250k	—	unclear	—	no doubt
NORTH LONDON WELFARE AND EDUCATIONAL FOUNDATION FY2025	£6.6m	—	above	—	no doubt
NORTH LONDON BIKUR CHOLIM LIMITED FY2024	£3.0m	—	unclear	—	no doubt
CREATE SPACE LONDON FY2025	£132k	—	unclear	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.