North London Cost Shop
Analysis
North London Cost Shop is a registered charity in England and Wales, based in London. It was registered in February 2020, 6 years ago. Its declared purposes cover general charitable purposes and the prevention or relief of poverty, which this site groups under poverty relief. Legally it is a charitable incorporated organisation (CIO). It says it provides services.
In the financial year ending March 2025, North London Cost Shop reported income of £11.7m and spending of £11.4m, spending 98% of its income. Across the 5 years on record, from March 2021 to March 2025, income grew from £7.6m to £11.7m (+55%), an average of +12% a year. The sharpest change came in the year to March 2023, when income rose by 26%. Over the whole period it spent 95% of the income it received.
Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, North London Cost Shop sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in England and Wales with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include Centre for Sustainable Energy (£11.7m), Fuel Bank Foundation (£11.8m) and The Raphael Freshwater Memorial Association (£11.7m).
In its latest detailed accounts, income came from charitable activities 98% and donations and legacies 2.3%. Gifts in wills alone brought in £266k. Charitable activities took 100% of spending and raising funds 0.0%. Reserves of £10.0m would cover about 10 months of spending at that rate. It employed 15 people.
Income and spending
Where the income comes from
- Legacies 2.3%
- Charitable activities 98%
In the charity's own words
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.
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Centre for Sustainable Energy | Bristol | £11.7m |
| Fuel Bank Foundation | Staffordshire | £11.8m |
| The Raphael Freshwater Memorial Association | London | £11.7m |
| Read Foundation | Manchester | £12.1m |