READIBUS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net inflow of £14,781 for the year ended 31 March 2025, following a net outflow in the previous year. Free reserves after contracted financial commitments stood at £84,212, representing approximately 5.7% of annual turnover, which is below the Trustees' stated policy target of 12 months' normal running costs.
What the accounts disclose
“ReadiBus’ current policy for the current year is therefore to aim for free reserves of at least 12 months’ normal running costs, at least until such time as normal operating conditions return.” — page 7
“Mr R Williams, a Trustee/director of ReadiBus is also a CEO of another company. During the year purchases were made from the company totalling £Nil (2024: £208). There were no outstanding amounts at the year end.” — page 38
“ReadiBus has a wholly owned non-charitable subsidiary, ReadiBus Enterprises Limited that is dormant.” — page 11
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Dr SOPHIA BOWLBYchair
- Antony Page
- BRIAN WEDGE
- Caroline Ann Smith
- David Miller
- Dr Jacopo Lanzoni
- GUY GRANDISON
- Judith Brindley
- MOHAMMED AYUB
- Michael Andrew Hornsby-Smith
- Michael Tran
- Professor Keiichi Nakata
- RICKY DUVEEN
- Robert Edward Williams
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.1m | £1.1m |
| 31/03/2024 | £1.0m | £1.0m |
| 31/03/2023 | £1.0m | £964k |
| 31/03/2022 | £1.1m | £920k |
| 31/03/2021 | £1.2m | £982k |
Common questions
Is READIBUS financially healthy?
The accounts state that the charity reported a net inflow of £14,781 for the year ended 31 March 2025, following a net outflow in the previous year. Free reserves after contracted financial commitments stood at £84,212, representing approximately 5.7% of annual turnover, which is below the Trustees' stated policy target of 12 months' normal running costs. Its FY2025 accounts were audited by Crowe U.K. LLP.