GULF FOR GOOD
The prevention or releif of povetyThe advancement of educationThe advancement of health or saving livesThe relief of those in need by reason of youth, age, ill-health, financial hardship or other disadvantage.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £69,744 for the year, resulting in a decrease in total reserves from £565,523 to £495,779. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future and remain confident that voluntary income will increase to build sufficient reserves. Financial sustainability is identified as the major risk, managed through regular reviews of liquid funds and active management of debtors and creditors.
What the accounts disclose
Corporate structure
- Registered company of the charity Companies House 07428793
Company officers (Companies House)
- BARWICK, Lena not on trustee list
- MCCABE, Ben on trustee list
- SAULT, Jennifer not on trustee list
- KEARSEY, Katherine on trustee list
- BERRY, James Boyd on trustee list
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Ben McCabe
- Elena Barwick
- JAMES BOYD BERRY
- Katherine Kearsey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £501k | £383k |
| 31/12/2023 | £392k | £224k |
| 30/11/2022 | £221k | £125k |
| 30/11/2021 | £82k | £84k |
| 30/11/2020 | £204k | £232k |
Common questions
Is GULF FOR GOOD financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £69,744 for the year, resulting in a decrease in total reserves from £565,523 to £495,779. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future and remain confident that voluntary income will increase to build sufficient reserves. Financial sustainability is identified as the major risk, managed through regular reviews of liquid funds and active management of debtors and creditors. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LEGAL EDUCATION FOUNDATION | 1 | £178k |
| THE ACCESS TO JUSTICE FOUNDATION | 1 | £173k |
| AY AND Y PATEL CHARITABLE TRUST | 1 | £4k |
| CIVIC POWER FUND | 1 | £1k |
Charities like this
- GOODWILL FOUNDATION
- THE ADFAL TRUST
- HOLLYHOCK CHARITABLE FOUNDATION
- PRIDEGULF LIMITED
- THE STERLING CHARITY
- NEEDS INTERNATIONAL
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GULF FOR GOOD | £501k | — | 0 | unclear | — | no doubt |
| GOODWILL FOUNDATION | £179k | — | 0 | unclear | — | no doubt |
| THE ADFAL TRUST | £130k | — | 0 | unclear | — | no doubt |
| HOLLYHOCK CHARITABLE FOUNDATION | £385k | — | 0 | unclear | — | no doubt |
| PRIDEGULF LIMITED | £106k | — | 0 | unclear | — | no doubt |
| THE STERLING CHARITY | £160k | — | 0 | above | — | no doubt |