Charity Accounts Intelreading the accounts so you don’t have to

GOING FOR BUST

Registered charity 1151515 · accounts filings on the Charity Commission register

Latest income
£1.2m
Latest spending
£1.1m
Registered
2013
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the group has free reserves of £677,365 as at 31 March 2023, which management and trustees consider sufficient to deliver charity objectives for the next 12 months. The group generated a net income of £148,856 for the year, primarily supported by profits from its trading subsidiary, Going for Bust Trading Limited. The trustees note that rising overheads, particularly utilities, could affect net profits, but the group does not rely on overdrafts or borrow funds for expansion.

What the accounts disclose

Trading subsidiary: Going for Bust Trading Limited
“The charity has a trading subsidiary Going for Bust Trading Limited (company number 08673203), which runs retail outlets throughout Dorset and West Hampshire.” — page 3
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Ward Goodman.

Corporate structure

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

Total income
£1.2m
Total spending
£1.1m
Cost of raising funds
£1k
Reserves (reported)
£268k
Employees
42

Reported reserves equal ~2.8 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Dorset · Hampshire

Income and spending

Financial year endIncomeSpending
31/03/2025£1.2m£1.1m
31/03/2024£1.2m£1.2m
31/03/2023£1.2m£1.1m
31/03/2022£1.1m£1.0m
31/03/2021£1.0m£797k

Common questions

Is GOING FOR BUST financially healthy?

The accounts state that the group has free reserves of £677,365 as at 31 March 2023, which management and trustees consider sufficient to deliver charity objectives for the next 12 months. The group generated a net income of £148,856 for the year, primarily supported by profits from its trading subsidiary, Going for Bust Trading Limited. The trustees note that rising overheads, particularly utilities, could affect net profits, but the group does not rely on overdrafts or borrow funds for expansion. Its FY2023 accounts were audited by Ward Goodman.

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.

FunderSimilar charities fundedAmount to them
GARFIELD WESTON FOUNDATION1£250k
OPTIGENE FOUNDATION1£238k
THE 3 TS CHARITABLE TRUST1£160k
HOLLYHOCK CHARITABLE FOUNDATION1£53k
THE SCHRODER FOUNDATION1£50k
THE ASDA FOUNDATION1£43k
THE LINMARDON TRUST1£38k
THE ORR MACKINTOSH FOUNDATION LIMITED1£35k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with BREAST CANCER KENT.