Chaiity re9istr¥tsM 1210998 (England and Walal THE STORE CUPBOARD CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2025
THE STORE CUPBOARD CIO LEGAL AND ADMINISTRATIVE INFORMATION Tru¥tee• Ms Blilt Ms Deborah Randal Ms Avw MrT C Paw)s (Appowrted 19 Novembèr 2024) (Appoinled 19 November 2024} IAppoinled 19 November 2024) (Appointed 11 November 20251 Charity registralion En*nd and Il&les 1210998 R•glstsred office 21 ROsebk Road Harwel Londc Unrteil "n9dn WI 2EW Independent •xam6n•r Red(ty Siddiqui LLP 18>189 The Valg Londc Unrted W3 7RW
THE STORE CUPBOARD CIO CONTENTS P•go Trustees. rewt Independt examinerfs repc¥l Statement olfinanaal ad1vit$ Slalemenl of finanual pwbon Notgs to the financial statements 7-11
THE STORE CUPBOARD CIO TRUSTEES, REPORT FOR THE PERIQD ENDED 31 OCTOBER 2025 The Tmstees present Iheir annual and financaal statements the wiod ended 31 O¢t(tsr 202S. During the period. the organi5ation undenverrt a fcwmal con¥v5Jn from a CoMmLty Interest Company to a Chafitable Incorporated Organisalion and is now constituted as The Store Cupboard CIO. The nVerS1O look effect 19 Novembef 2024. The Trusiees Lmdw5tand thal. in aCCOTdance wth the rean1 legislation and egvlalions goveming su( ¢onver%on5. this represents a c£xinu81lM of the same legal entsty in a new corporate forni. rather than the ueaticffl of a new organisati(ffi. The financial st?tements h4¥e been prepar acoyd8nrA wrth the accovnling poIyeS set out in note 1 to the financial 5ts1ements al compty wrth the CIO'5 goveming ¢jrnet. the Chaiilies Acl 2011, FRS 102 "The Finanaal Reporb'ng Standard apFdicable In the UK and Repubhc of Ireland" and the Charities SORP 'ACnting and Reporting by Chanb'es.. Statement ol RecLvnmended Practice applicable lo charibes preparing their accounts in accordance wllh the Finanual Rewting Stsndard apFIib1e in Ihe UK and Republic of Ireland IFRS 1021". Obl•ctlv• and •¢t1v$ The objects of The Store Cupboard CIO are lo relieve and prc4nrfe soual Irthlon by provrdlng acces5 10 ffordable food and essential hou6ehohJ rterns to diduals and families in need. and by suppoth'ng comrnunily wellbeing. The charity 5eek5 10 8¢hleve its through the operation ol a membershiTrbased food support service, which redislribute5 surplus lood and other essential goods to loca househokls al a significanlly f&duced ¢osl. This approath enabtes mefflbers to a(xe8s nutrithjus food whle athl9 meaningfvl samngs on Iheir es8ents.al shopping. In addrtson to IcJd probisicffl, the thwity woths to the wtder r)eeds of rts merrtjers ty offwing signposting lo relevant support SgNices and fostem9 a sense ol communrty through engagement inilialive6. The charity also relies on the support of voluntews, who play a vital role in Il* day-tftrday operabon5 and delivery of services. The tnjstees have had due regard to the guhlance issued by Ihe Charity Commission publlc benefil and are satisfied that the thanty's actilIeS prode a dear and demonstrable benefil lo the public, particularfy those experienang finan(ial hardship and scoal exdUsi(. Public benefft The Trustees have pwd due regard lo issued by the Chaiity Ctynmission in deriding what altIeS the CIO should undertake.
THE STORE CUPBOARD CIO TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 OCTOBER 2025 Achlov•m¢n¢• and prfornmnce Swrnficant activi&es and aChvementS against obWvg5 In our fifst year as a registered CIO. the thanty supplwied an average of 2fKJ househohjs per month. rèdistributed 1,500kg of SUru5 food. and enale members to saMngs of over £10,orA) on essentsal shopping. These activities were underpinned by ¥OnteerS vtho ojle(1tr4 Lvityilxrted 4.5(K) hr5. woNlding essential operational capaiyty and direct support lo our members. The trustees h8¥e identrfd key pno11S the fh(ling year. in(kning sering approwale premises. strengthening food 5uppty partnerships, enhanurrfJ finanTra suslainabilty. supporb.ng volunteer wellbeing, and improving signposting and vrrider c(Mnmunity engagement. The prmupal risks laced by the ¢hanty relate to rising opefalional costs, variabilty in food sup. and the ongoing thallenge of securtng suitable PTemise$. These risks are subject to continuou$ monitoring and obEr5ht tsy thè tsustees, with rnitigats.on ffleasures re¥iewed regvlarly to ensure the chanty's eontmued effectwe opefation. The truslees express their appreualion to all volunteers. members, lunders, donors, pJth4fS for on99 PAVP(xl, whith remains essential lo the delivery of the chadty's purposes. Fln•n¢lal r¢vl•w R858ry8s policy During the period, The Store Cupboard CIO generated lolal in)Ming resources of £52,396. primardy from donations. grants. and trading actswties conneded lo its chitatAe e"ve5. Expenditure for the Same per1 amounted to £68,799 reflecting the conts'nued deh¥ery of frontline serwos and support activitse5 within th8 mmunlty. Ay a $11, the CIO recorded a net defiot of £16.403 for the period. Dewe this, the CIO maintsined healthy reserves of £44,189 8131 October 2025. The Trustees ¢sIder this bevel of reserlès to be sat15faclory and in lin with the CIO'5 re5erve$ policy, which aims to maintain btheen three and slx months of operating expendrture lo ensuie financial slats'ty and the aknhty to respo1 to variations wi fwK1uw. structurn. go¥•rn•ne• and manag•m•nt During perv)d under revivw. the canty's oFwatiS were ovewseen by four Trustees. Staffing ¢onsisted of one part-time Man8ger 8ngaged Via a serbi$ ccrt. ted by a dedi¢al•J teaffl of approximately enty volunteeTS. Thè Trustees who seryed during Ihv and up to the d* ol Signatu ofthe financial slatements were.. Ms Margaret Biilt {Apwled 19 November 20241 Ms Deborah Rand811 (Appointed 19 NovembeT 20241 Ms Tracey Powell (Awomled 19 November 2024 resi9ngd 13 November 2025) Ms Sharon Averill (Appointed 19 November 224) Mr T C Papps {AppoKited 11 NoNEmber 2025)
THE STORE CUPBOARD CIO TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 OCTOBER 2025 ReGnwtfflent and apnIMent OftsteeS Trvslee seledion for The Store Cupboard CIO is fS•d on a b8larw of speofic skills reded {fof example. [anCe, go¥errnce and legat) together wilh apwopn.aie knlpege and experience. A potential Twstee must hav8 a personal and demonslrabje understsnding of and commilment lo the Charws purpw. Key attributes for a Trustee Indude inlegrty, the abrtY to work wdl as part of a team and strategic dery51 makn"ng. Trustees are appointed in accordancè wrth the CharW5 Const¢tub'on (k4)Jment. Every Truslee Wll be appointed by the existing Board of Tfijstees as requiied and must be apwnted by a resolution at a properly onv8ned rneeb.ng ol the Board of Trustees. There must be at least three Twstees in place at any bme. All Tnjstees must sign a Trustee DedaratKJn in accordance wrfh the Charty Commt55ion's requirements. Any new Trustee will receive inlornutmm to SUPPXMt thèm in fLbifithn9 thw respS1rt5. A Trustee for The Store Cupboard CIO will conlinue to hold Offi 85$ Ihey reb"re. th.e or are removed or disquakfied in accordanc* th the pro510n5 01 the Constitution. org8n1saln8l slnKlurg The Charity is a Chantable Incorkvated Organwlw ICIOI 8nd is goNEmed by a Foundation CL$11¢U110n. The organisatson was eslablTrshed follcwng its converswjn from The Store Cuiknard C.l.C. (Company number. 126922201 and w$$ sucre551 regstered wth the Chaiity Commissv)n for England and tsIes on 19 November 2024 Ichaiity 12109981. AS a Foundation CIO. the Charbty's onty members are ils Trustees. Undgr the leffns of the Constilution, the Trust89$ have the power lo appnI addrtional Trustees to the Board based t)n the 5kn.lls and experiencE required to further the Chaiivs obiects. All assels. liabilib'e$ and gOing ¢harrtabFe acts.vit$ of the Communrty Interest Company became those ol the CIO by operatw of law wrslralion. The tTuslo•$' was approved by the Board of Tnjstees. Ms Marg8fel Brrtt Tvu•tèe qhlcT). 11<12(9
THE STORE CUPBOARD CIO INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF THE STORE CUPBOARD CIO I rewl to the Trustèes on my examal of Ihe StateMts of The StLYe Cupboard CIO (the CIO) for the p•YithJ ended 31 October 2025. RMpon•lbllJilo1 •nd ba•1 of r•port As the Trustees of the CIO ycmj are resFKfflsth ts th• preparaion of thg finanual statements in accordance with the requirements of the CharitiesAcl 2011. I report in spect of my exaMallOn of the CIO'S fmanoal stslements caThied OLrt under seth'on 145 of the Charities A¢i 2011. In carrying out my eXaMinatn I have lol(red the th"Tecb"on5 given by the Charity Commission under seclion 14515)) of Ihe Ch8ntye$ Ad 2011. Ind•p•nd•nt •xamln•f• •tat•m•nt Your attention is drawn lo the faca that Ihe ¢hanty has wepared the financial statements in accordance with the relevant version of the Statement of Recommended Pra¢'ce applicable ¢0 charities weparing their finaniial ststements in accordance with the Ftnanual RepThting Stsndard apphcable in the UK and Republic ol Ireland (FRS 102) in pièlefence to the Accounkn"ng and Reporting by Chants"es". Statemenl ol Recommended Pracaice is¥ued on 1 April 2005 which is referred to in the exlant regulations but hès now been 7Mthdrawn. l understand that this ha$ been done in order lor Iht financial 8tatsment¥ ¢0 prode a true •rhJ l•r in accordance with UK Generally Awted ACruntsng Pfa¢ti¢e. I have o)mpleted my examination. I c(ffifimi Ihat no matters ct)me ¢0 my attentiC in oJnne(ion wth the examination giNing me cause to l)81ieve that in any merial respecl.. accounting records ware nol kept in resped of the CIO as requ¢d by section 130 of the Charibes Act 2011. the fin8nts81 slatements do nol acc(Kd vAth Ihose reccffds." or the finanoal statements do not wrth the apph"¢able requirements conwning the form and content of financAal $18lements set out in the ChantS (Accounts and Rèp$) Reg&tH)n5 2008 olher than any requirement thal the financial slatements gi¥t a twe and law Mew. whth is nol a mattw considered as part of an Ilependent exlatr"0n. I have no concems and have come auoss no other matter5 in ¢onnedbon with the examination to which attention should be drawn in this report Mi order to ena14e a prw understaN*N ofth¢ finan(Jal statement$ lo b& reathed. RdY Si diqul LLP 18>189 The Vale Acto London W3 7RW Unrted Kingdom
THE STORE CUPBOARD CIO STATEMENT OF FINANCIAL ACTlVtriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 OCTOBER 2025 fund• 2025 fitnds 2D24 Incom• from: Donations and legau Other trading activibes Inveslmenls 44.782 7.591 23 123.231 8,541 T•)l•l Incom• 52.3 131.772 Expendlture on: Charitae acti¥ilie$ 71.180 Totsl ?xp•ndStur• 71,180 N•t Incom•ll•xpendlthr•l and mov•m•rt In fvnd• (16.4031 60,592 R•conclllatlon of lund•: Fund balances al 19 November 2024 80,592 Fund b•lanc•• •131 Oclob•r 202$ 44,189 80,$92 Th• stat$menl of finarKia activiiies inc*Aes al gaMIs and losses re(wnised wlod. Al income and expenditure derive from contr'nuing adivrties.
THE STORE CUPBOARD CIO STATEMEKf OF FINANCIAL POSITION AS AT 31 OCTOBER 2025 2025 2024 Curr•nt ••uts Trade and other receivables Gash al bank and in hand 12 1.228 1.860 59.512 55.108 {10,919) 61.372 17801 Curv•nt liabiliti 13 N•t cuTr•nt a•¥•ts 44,189 00,592 Th• fund8 ofthe CIO Unrestrirted funds 14 44.189 60,592 44.169 80,592 The ffinancial slatemenls wwe approved by tht Trustees on 13Awl 2028 ia(L Ms Sharon Averill Tru•ts• '1'-12
THE STORE CUPBOARD CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2025 A¢countlng pokleg Chaylty Infgrmalion The Store Cupboard CIO is a Charilable Inccyporated Organisatiw ICIOI registered in England and Wales, govèmed by rts FoUndan Constitution dated 19 Noveth 2024. 1.1 Reporting p•rlod The financial statements have b¢en yepared kn the wiod ended 31 October 2025. This perJd reflects the conversion of The Store Cupboard from a Community Interest Cornpany lo a Charilable Incorporated Organisation. whith look effecl on 19 November 2024. A$ a resutt of this change in corporate lorm. the Tru5tee5 have determined that it is appropnale to present the finar1 slatements for this reporting period to rellect the organisation's #vibes The TIu5tee5 consider the Lwversion to reprèsent a trnua0n of the same legal enljty in a new structure. However. the thange in reporting basis and presentation means Ihat the Mparab"Ve irrforrnation wesented in these financial statemen15 may not be entlTely comparaL4e wtth prirw penods. The Trustees have tsken this approach to ensure Compl"an wth applicatle accounb.ng $iant1ard5 and to W0de dear and transparenl porting ol the charity's financia Fwb'on and adJ"wlies lolumng its conversion. 1.2 Ba•1• of pr110 Thè finanual ststements have been wepafed in accordance the CIO'S go¥eming doeumgnt, the Chafities Aci 2011. FRS 102 The Financial Re[19 Slandafd aFflicable in the UK and Republlc of Irelan(r and the Charilies SORP "Accouniing and Reporting by Chants"es' Stalemonl of Re(xyhmended Practs'ce applicable io charities preparing Iheir arxounis in accordance wrth the Finanoal Reporting Standard applicable in the UK and Repubh"¢ of Ireband IFRS 1021". The CIO is a Public Benefft Ents"ty as defined by FRS 102. The CIO has taken advantage of the wovtyons in the SORP ts dlantss lo prepare a statement of cash flows. The finana81 statemerrt$ hab departed fr(¥n the Chafibes (Accnts Re&ts) Regulations 20)8 onty lo the extent required lo prOe a true and lair view. Thi$ departure has involved follwng the Slalen7enl of Recommended Practice for charities apptying FRS 102 ralher Ihan the Vafsion of the Ststement ol Recommended Practice which 1$ ferre{l to In the Regulations bul which ha5 wnce been wthdrawn. The finan(ial ststements are prepared in stethng. ¥thith is ts Inal cwoncy of the CIO. Monetary amounts in these financial statement$ a Tded lo the nearest £. The financial statements ha ten pr•parnd under histowical ojst convent)n. 1J Golng conc•rn At the time of apwown9 Ihe fffwual 51atements, the TfUSt¢es h¥¥e a 5ble expoclatKJn that the CIO has adequate $oUr5 to conbnue in opwational exislenL for the loreseeable fulufe. Thus the TnJstee5 o)niinue lo adopt the going concem basis of a¢(x)unling prepaiiThJ ihe financial slalement5. IA Charltable funds Unrestrided fiJnd5 are late use al th"sryeiTh of the Trustee$ in furthefarKe of thr charitsble objectives. Restricled funds are S'eCa to speofK CdlOn$ by donors LY grantQW¥ a5 to how they may be used. The purposes and uses ol the reslriLled funds are set oul in the notes to the statement5. EThJowment fvnd5 are subject to spe 1n{hon9 by donor5 that the captsl must be mainlained by Ihe CIO.
THE STORE CUPBOARD CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 OCTOBER 2025 Accounling poll¢l•8 IContlnu•dl l.S In¢om• lft¢ome is recognised when the CIO is galy entthd to it after any perfomwice CdillOnS have been mel, the amounts can be measured rdHLty, arJ il is probable that inrne wll be received. Cash donations are recognised Cm receipt. Other dallonS are recognise(l (ce the CIO has been nobfied of the donalion. unless perfonare condrtions reqLbire deferral of the amount. Income tax recoverable in f4lation to dOnaonS received under Grft or deeds of covenanl 15 recognised at the time of ihe donation. Legaaes are recognlsed on recwpt or othwwtse rf the CIO ha5 been notified of an imp8nding distributron, the amcHJnl is knoAtn, and reIpl is expected. N the amount is not knry•m. the legacy is Ire8led as a contingent aB8et. 1.6 Expendliur• Expendrture 1$ Cognised once ihere is a legal w con5trudNe oblgation to transfer economic benefft to third party, rt Is probable that a transfw of econoC beneffts wil be required in setllement. and the amount ol the obligaticffl can be measured Teliaiy. Expendilufe 18 clas%fied ty actmty. The costs ol eath adivity are made up of the total of dired costs and shared costs. indyding support costs irNofved in undertakn.ng each actsvity. threcl ¢osts altributable lo a single actiwty are alloc8ted dlrectty to that acliwty. Shared costs contribute to more than one actIty and $UFQOrt co$ls whith are not attributatAe lo a single activity are appryboned between those aclivilies on 8 basis con¥islenl vAth the use of resources. cent 3tsff costs are allocattrd on the basis of tsme spent, and deweciallon ch8rg•s are alktaed on lh& prlI0n olthe assel's u88. 1.7 C•8h and ¢h •qulval•nts Cash and Cash equivaents incjude cash in hand, depos'rts held at cal wiih banks, other sh(M1-t$mi liquid inveslmenls vthh original maturilies of months or less. and bank overdrafts. Bank old[8ft$ ara shown in borrowngs in ¢)Jrrenl ligts'hlies. crtllcal aGcoundng utlmatss and ludg¢m•nls In the 8pph"c81ion of the Clo'g 8¢(xxJnling pofic•8s. tr•e Twslees are required to make judgemènts, estimates and assumpb.ons about the carrying amount of assets arKJ h"ats'hties thal are not readity apparent from other sources. The e5timate$ and assctiated aMumpticffls are based fm historical experwc8 and other fadors that are Csidered to be relevant. Actual resLIt5 may drfer frcrfn ihese estimes. The estimates Under"ng assumtyhjns we re¥th¥ed on an ontyyng basis. Re¥i&on$ to accounting eslimates are rec))gni$ed in the pericrfj in ¥thKh the e5J"rnÈ is revised where the re¥ishTh affects onty that perlod. or in the period of the TlS1On and ftrture pericJs where Ihe re¥ision allec1s 1)oth ojffenl ani1 ftrture periods. Income trom donatlons and legacies Unrestricted Unrestrictsd funds fvnds 2025 2024 tlonations aThJ grfts 44.782 123.231
THE STORE CUPBOARD CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 OCTOBER 2025 In¢om• otherirnding aclivilles Unve*trlctsd Unmtrlcted fvnd8 funds 2025 2024 Shop inctyne 7,591 8,541 Income fnxn Inv••trn•nts Unmtrlcted Unre8trl¢l•d fund• fvnds 2025 2024 Interest receNable 23 Expendltuv• on char5tabl• atthillA•• Ch•rltsble Activiti•• 2025 Charftabl• Actlvltl•¥ 2024 Dlr•ct eo•ts Shar• of Support and gov•manc• ¢o•ts Is•• no1• Supwi 68,199 800 70,400 780 68,799 71.180 An•ly•l• by lund Uniesirlcted fvrKIs 68.799 71.180 Support costs allo¢at•d to 4Ctivill•s 2025 2024 Support Cosl Governan costs 66.199 70,41X) 68.799 71,180 Analysed between: Charrtable ALti¥e$ 68,799 71,180
THE STORE CUPBOARD CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 OCTOBER 2025 Net movement In ndS 2025 2024 The net movement in ftmds is stated after thargwWl¢yeditvig).' Fees payable for indopèndwlt examIn10n of the (ar$ fmancwl slaternents None of the TnJstees lor per$c5 CneCted wilh them) recei4d any romuneralion N ben•ffts from the CIO during Ihe peiiod. 10 Employ••• The 4rage monthty nber of•M)yeeS dLtyig the was". 2025 Number 2024 Numb•r Thore were no emF4oyee$ whose annual remuneralion was mNe than £60.0. 11 Tlmtlon Th& Chanty is exempl from taxation rts a•S be&wse al its income Is apphed for tha11tat purpos8S. 12 Trnde •nd oth•r rnc•lvabl•• 2025 2024 Amounts f*Nlng due Twlthln on• y•ar. Othor receivable$ 1,228 1,880 13 Currnnt Ilabllltle• 2025 2024 AccTual8 and deforred income 10.919 7BO 10-
THE STORE CUPBOARD CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 OCTOBER 2025 14 Unrestricted fund• The unrestrKted fvnds of th8 d)th c(xhwise the b8lan¢e8 of d(ThtKffls and grants whith are subjecl to specific conditions by donNs and grantors as to h(3W they may be Ltsed. These irde designatad lunds have been sel asth Lmrt of urwe51rKted lu1S by the trustees for 8pecrfK purposes. At19 November 2024 Incoming resources Resou8* At 31 October èxpended 202S General frJnd$ 60.592 52.3 168.799) 44,189 Pw•vlous Yr. At19 Ineomlng Resourc At18 Ilov•mb•r TewuKcM •xp•nd•d No¥•mber 2023 2024 General furK15 131,772 (71,1801 80.592 15 R•l•t¢d p•rty tvanmctlo There were no disdosable related pwty transac118 dwing Ihe lIOd12024. nom). 11