For the second year running local Foodbank benefits from Uley Community Store success
Many Uley residents who purchased shares in their village shop have donated their annual loyalty vouchers to Stroud District Foodbank(SDF).
320 Uley residents hold shares in Uley Community Stores (UCS) and receive their dividends in vouchers to spend in the store. For the second year running, many shareholders have opted to donate some of their profits to the Foodbank.
Chairman of Uley Community Stores management committee, Peter Randall said: “Uley residents generously saved their local shop by buying shares and it’s heartening to see them donate their profits directly to the Foodbank. We’ve used the vouchers to buy the products the Foodbank needs most, directly from our suppliers at cost price, so we can make the most of the money we’re donating.”
The community store is at the heart of Uley village life and continues to turn a profit, growing its monthly turnover from £10,000 to well over £15,000 in two years. This is the second year shareholders have donated profits to the Stroud District Foodbank, which covers the areas around Stroud, Dursley, Berkeley and Wotton-under-Edge.
Will Mansell, Project Manager for Stroud District Foodbank said: “Sadly, demand for the Foodbank remains high and we couldn’t meet the needs of all the families we support without donations like this. We are going to use this money to stock up sugar, one of the most basic and essential store cupboard items. Buying this in bulk and at cost price, means that we’ll receive a lot more sugar than £500 would buy in a supermarket. It’s incredibly generous, so thank you.”
UCS member shareholdings are still available at a minimum unit of £10, please contact us to find out more.