Going for Bust
Annual Report and Consolidated Statements
For the year ending 31 March 2025
Charity number: 1151515
Company number: 08427804

Going for Bust
For the year ending 31 March 2025
Contents
Page
Trustees, report
Independent Auditors, Report
8-10
Consolidated Statement of Financial Activities
li
Consolidated Balance Sheet
12-13
Charity Balance Sheet
14
Consolidated Cashflow Statement and Notes
15-16
Notes to the Financial Statements
17-29

Report of the Trustees for the Year Ended 31 March 2025
Going for Bust
OBJECtIVES AND AcfiviTIES
Objectives and Aims
The purpose of the Charity is to support those who are experiencing. or HAVE experienced from Breast
Cancer.
To financially support groups or individuals who are in remission or are recovering from the treatment of
Breast Cancer and its effects.
The Charity aims to continue developing its services going forward, to help and support as many people
experiencing Breast Cancer as possible.
The Charity reviews its success each year and considers how any improvements and successful expansion
may be obtained within any financial constraints.
Grants to Breast Cancer Hospital Units and Support Groups are given after full discussions regarding how
the funds will be best used and which equipment is most needed.
Grants to individuals are only given after full investigation of their situation with their Dr. Breast Cancer
Nurse and/or Consultant.
Trustees are issued a copy of the Charity Governance Code, with which they make themselves familiar.
The Charity has a Trading Subsidiary, Going For Bust Trading Limited (Co no. 086732051, which runs Retail
outlets throughout Dorset and West Hampshire. The profits generated within the Trading Company are
gifted to the Charity for distribution within the Charitable objectives.
The focus of our work
Our main focus is to ensure that our Retail Outlets achieve the best possible results, individually, and
collectively. with regards to providing a surplus/profit. We do this through..
Well trained and motivated staff
Good image and presentation
High levels of customer service
Each shop having sufficient stock
Strong and effective pricing structure
Ensuring Trading Standards and Health and Safety policies are observed
Working closely with local Hospitals and support groups
New outlets are sourced and researched in target areas

Report of the Trustees for the Year Ended 31 March 2025
Going for Bust
Achievements and Performance
Financial support was given 2024-2025 to local Breast Cancer Units and local Support Groups. by way of
providing funds for specialised equipment/sen4ices/wellbeing activities.
GOING FOR BUST SUPPORT CEp￿RE - Total cost of providing the following seNices'.
Giving advice to those who have lost hair due to Chemotherapy. and supplying them
with a suitable wig.
Professionally measuring and advising those who need a specialised Bra due to
Surgery regarding their Breast Cancer. and then supplying them with the suitable Bra.
Relaxation sessions - Massage/Meditation
£ 23.458
Emergency financial Aid Grants - Given following referral from the individuals
Doctor/ConsultantlBreast Unit
£ 4,271
Macmillan - To aid the running of their "Help at Home" service
£ 15,000
Forest Holme Hospice Care- Cornplimentarytherapy sessions
£ 5,000
Dorset County Hospital- Scar massage training
£ 2,097
Most ofthe Charities income comes from the profit produced by our 13 Charity shops. which trade through
Going for Bust Ltd- a 100% owned subsidiary of Going for Bust Charity-
Going for bust traded solidly throughout the financial year. although profits were adversely affected due to
large rises in utilities over the previous couple of years.

Report of the Trustees for the Year Ended 31 March 2025
Going for Bust
FINANCIAL REVIEW
Factors likely to affect future financial performance or position, such as rising overheads,
Irent/rateslsalaries/utilitiesl are always something that needs to be borne in mind as we go forward.
Looking ahead it is very likely that the extra taxes, large rise in the living wage will adversely affect our
profits going forward.
These issues are likely to affect net profits, which leads to a potential drop in income for the Charity.
Other than possible cutbacks, the most obvious way of mitigating rising costs, is to look into opening further
shops, although finding suitable shops. in suitable areas, for the right rent is becoming more difficult.
Total group reserves at the 31 March 2025 year end are £933.88912024.' £832,641). The Group has free
reserves of £267,658 as at 31st March 2025 {2024: £420,510). Management and the Trustees consider the
level of reserves to be sufficient to deliver Charity objectives for the next 12 months.
Free Reserves are calculated by deducting fixed assets from the unrestricted and undesignated reserves
held at the year end.
Financial Position
Going for Bust Trading Ltd achieved a surplus before Taxation of £101,29012024'. £125,339)
Before gifting £90,42612024: £129,077) to Going for Bust Charity.
Principal Funding Source5
In addition to the charity shops, there are occasional fundraising events undertaken by members of the
public, li.e. coffee mornings or raffles) that provide further revenue and raise unrestricted funds for the
Charity.
Reserves Policy
The trustees monitor the reserves and try to make the best use of the available charitable funds.
Company reserve fund
During this year, £IOO,OiXI has been allocated to an investment reserve fund, to act as future security
regarding Going for Bust.
FUTURE PLANS
Going forward, Going for Bust is looking at ways of becoming more environmentally friendly where possible
and practical.
We have already moved from using plastic bags. to paper bags for goods sold in our shops.
We will also consider, going forward. whether it will be viable at some point, to consider replacing our vans
with electric models. Our current thinking is that it isn't viable for us at the present time.
We also use only card price tickets in our shops and use recycled paper where possible at the ofFice.

Report of the Trustees for the Year Ended 31 March 2025
Going for Bust
STRucfuRE, GOVERNANCE AND MANAGEMENT
Decision making. with regards to the day to day running of the Charity and Trading Company are deferred
to the Senior Management- Paul Martin and Eleanor Hatcher. who between them have 25 years.
experience in Charity Management.
However, any decisions other than day to day management are discussed and agreed with the Trustees on
a weekly basis.
Remuneration of Key Personnel is agreed based on a fair and reasonable rate. considering the experience
and expertise of the individuals.
Any issues where it is thought there could be a possibility of major risk within the structure. is considered
and acted on where necessary, i.e. situation monitored. extra training or supervision given.
Governing Document
The Charity is controlled by its Governing Document, a Memorandum and Articles, and constitutes a
Limited Company. limited by guarantee, as defined by the Companies act 2(Kl6.
Recruitment and appointment of new trustees
The Directors of the Company are also CharityTrustees for the purpose of Charity law, and under the
Companvs Articles, are known as members of the Management Committee.
Under the requirements of the Memorandum and Articles ofAssociation, the members of the Management
Committee are elected to serve for a period of three years, after which they must be re-elected.
Directors can be appointed by ordinary resolution as described in the Governing Document.
All the Trustees give their time voluntary and receive no benefits from the Charity.
Any expenses reclaimed from the Charity are set out in note 11 of the accounts.
Organisational strurture
A scheme of delegation is in place. and day to day responsibility for Company Management rests with the
Senior Management Team.
This team is responsible for ensuring that the Individual Shop Managers and their teams are working to the
levels expected.
Induction and training of new trustees
Trustees receive a copy of the Charity Commission Publication, The Essential Trustee,. what you need to
know. ICC31.

Report of the Trustees for the Year Ended 31 March 2025
Going for Bust
STRucfuRE, GOVERNANCE AND MANAGEMENT (continued)
Risk management
The management committee constantly reviews the risks associated with an operation such as ours.
The main risk identified is that the shops operation does not provide enough income for the Charity to be
viable.
This risk is reduced by way of careful budgetindoutgoings, and ensuring that the organisation does not
borrow funds for any expansion, or running costs. The Company does not rely on an overdraft, and cash
flow is monitored carefully daily.
Public Benefit
The Trustees have given due regards to the requirements of the Charity Commission. with respect to Public
benefit, and are satisfied that the activities of the group meet the public benefit requirement.
Volunteers
The Charity is heavily reliant on the volunteers who perform many different tasks to assist with the
management, administration and general operation of the Charity Shops.
Fundraising
Going for Bust raises its Charity Funds by way of profits from its 13 Charity Shops. It does occasionally
operate separate fundraising activities, such as coffee mornings and pop-up Mastectomy Bra fittings.
We do also receive donations from individuals andlor organisations who have raised funds to support those
experiencing Breast Cancer. and then sent the proceeds to our Charity-

Report of the Trustees for the Year Ended 31 March 2025
Going for Bust
REFERENCE AND ADMINisfRATIVE D￿AlLs
Trustees
The Directors of the Charitable Company. are its Trustees for the purpose of Charity Law. and throughout
this report, are collectively referred to as Trustees, or The Board.
The Trustees during the year under review are-
Mr S F Jupe - Director and Trustee
Mr N C Slater - Director and Trustee
Ms H A Tointon - Director and Trustee
Key Management Personnel
General Manager
Head of Retail Operations
Accounts Managerlcompany Official Signatory
Manager of Support Centre/Fundraisin8
Paul Martin
Eleanor Hatcher
Gemma Fletcher
Michelle Ormston
Re8lStered Office
6B The Square
Wimborne
Dorset
BH21 IJA
Auditors
TC Group
10 Bridge Street
Christchurch
BH23 IEF
Bankers
Solicitors
Barclays Bank PLC
I Churchill Place
London, E14 5HP
Jacobs and Reeves
153 High St
Poole, BHIS IAU
Investment managers
Church House Investments Ltd
York House
6 Coldharbour
Sherborne
DT9 4JW

Report of the Trustees for the Year Ended 31 March 2025
Going for Bust
Ststement of the Trustee's responsibilities
Company law requires that the Trustees prepare financial statements for each financial year. which give a
fair and true view of the state of affairs of the Charitable group. and of the incoming resources and
application of resource, including the income and expenditure of the Charitable group for that period. The
Trustees are required to.
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent.
prepare the financial statements on the going concern basis, unless it is inappropriate to
presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time. the financial position of the Charitable Group, and to enable them to ensure that the
financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the Charitable Group. and hence for taking
reasonable steps for the prevention and detection of fraud. and other irregularities.
In so far as the Trustees are aware:
There is no relevant audit information of which the groups auditors are unaware.
The Trustees have taken all the steps that they ought to have taken. in order to make themselves
aware of any relevant audit intormation. and to establish that the auditors are aware of that
information.
Auditors
The Auditors, TC Group will be re appointed for the coming years accounting/auditing work.
This Trustee's Report under the Charities Act 2(K16 was approved by the Board of Trustees on
..1.￿.12/2￿25......................................
And is signed and authorised on its behalf by;
HAToi
ton-
rustee

Report of the Independent Auditors to the Trustees of
Goingfor Bust
Opinion
We have audited the consolidated financial statements of Going for Bust Ithe 'charitable parent company, and its
trading subsidiary. together'the group'l for the year ended 31 March 2025 which comprise the consolidated
statement of financial activities. the group and parent charitable company balance sheets and the consolidated
statement of cashflows and the notes to the financial statements. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable group's and the parent charitable company's
affairs as at 31 March 2025 and of the group's incoming resources and application of resources,
including its income and expenditure, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice- and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit
of the financial statements section of our report. We are independent of the group and the charitable company in
accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our opinion.
Conclu5ion5 relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAS IUKI require us to
report to you where:
the trustees, use of the going concern basis of accounting in the preparation of the financial
statements is not appropriate. or
the trustees have not disclosed in the financial statements any identified material uncertainties that
may cast significant doubt about the group and parent charitable company'5 ability to continue to
adopt the going concern basis of accounting for a period of at least twelve months from the date when
the financial statements are authorised for issue.

Report of the Independent Auditors to the Trustees of
Goingfor Bust
Other information
The trustees and directors are responsible for the other information. The other information comprises the
information included in the annual report, other than the financial statements and our Report of the Independent
Auditors thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information. we are required to report
that fact. We have nothing to report in this regard.
Matters on which we are required to report by eX￿ptIon
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to
vou if, in our opinion..
the information given in the Report of the Trustees is inconsistent in any material respect with the
financial statements , or
the group and parent charitable company have not kept adequate accounting records; or
the financial statements are not in agreement with the accounting records and returns. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees Responsibilities, the trustees Iwho are also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group and parent charitable
company's ability to continue as a going concern, disclosing. as applicable, matters related to going concern and
using the going concern basis of accounting unless the trustees either intend to liquidate the group and parent
charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are f ree from
material misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditors that
includes our opinion. Reasonable assurance is a high level of assurance. but Is not a guarantee that an audit
conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements
can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably
be expected to influence the economic decisions of users taken on the basis of these financial statements.

Report of the Independent Auditors to the Trustees of
Goingfor Bust
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below..
We obtained an understanding of the legal and regulatory frameworks applicable to the group and the
sector in which they operate.
We obtained an understanding of how the group are complying with those legal and regulatory
frameworks by making enquires of management
We a55essed the sU5ceptibility of the group's financial 5tstements to material mi55tatement, including
how fraud might occur. Audit procedure5 performed by the engagement team included-
Identifying and assessing the design effectiveness of controls management has in place to prevent and
detect fraud
Understanding how those charged with governance considered and addressed the potential for
override of controls or other inappropriate influence over the financial reporting process
Challenging assumptions and judgements made by management in its accounting estimates
Identifying and testing journal entries. in particular any journal entries posted with unusual account
combinations,. and
Assessing the extent of compliance with the relevant law and regulations.
Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial statements. as we will be less likely to become aware of instances of non-compliance. The risk is
also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional
concealment. forgery, collusion, omission or misrepresentation.
Use of our report
This report is made solely to the group and charitable company. Our audit work has been undertaken so that we
might state to the group and charitable company those matters we are required to state to them in an auditors,
report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility
to anyone other than the group and charitable company as a body, for our audit work, for this report, or for the
opinions we have formed.
l M Rodd Bsc FCA FCCA (Senior Statutory Auditor)
For and on behalf of TC Group
Registered Auditor
10 Bridge Street
Christchurch
BH23 IEF
Date.. 17 December 2025
io

Going for Bust
Consolidated Statement of Financial Activities
forthe Year Ended 31 March 2025
(incorporating income and expenditure account)
2025
2024
Unrestrirted Restricted
funds
funds
Total funds
Total funds
Notes
INCOME AND ENDOWMEP￿S FROM
Donations and legacies
26,365
26,365
47,240
Charitable activities
Going for Bust Trading income
Investment income
1,169.441
8.093
1,169.441
8,093
1.161,620
9,852
Total
1,203,899
1,203,899
1,218,712
EXPEND￿uRE ON
Raising funds
Charitable activities
Provision of help and support for
people diagnosed with breast cancer
1.282
1,282
71,912
71,912
138,458
Going for Bust Trading expenditure
1.069.109
1,069.109
1,037,037
Other expenditure
Total
1,142,303
1,142,303
1,175,495
Net gains/llosses) on investments
39.652
39,652
8.364
NET INCOME
101,248
101,248
51,581
Transfers between funds
Tax on artivities
20
34
Net movement in funds
101,248
101,248
51,615
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
832,641
933,889
832,641
933,889
781,026
832,641
The notes on pages 17 to 29 form part of these financi31 statements
li

Going for Bust
Consolidated Balance Sheet
At 31 March 2025
Company number.. 08427804
Charity number: 1151515
2025
2024
Notes
FIXED ASSETS
Tangible assets
Investments
14
Is
18,215
548,016
566,231
3,767
408,364
412,131
CURRENT ASSETS
Debtors.. amounts falling due within one year
Debtors.. amounts falling due after more than one year
Cash at bank and in hand
16
16
17
86,469
1,792
313,442
401,703
76,975
1,792
383,438
462,205
CRED￿oRs
Amounts falling due within one year
18
134,0451
141,6951
CURRENT ASSETS
367,658
420,510
TOTAL As$￿s LESS CURRENT LIABILThIES
933,889
832,641
CRED￿oR5
Amounts falling due after more than one year
19
NEf ASSETS
933,889
832,641
FUNDS
Unrestricted funds
Designated funds
Restricted funds
TOTAL FUNDS
20
833.889
loo.000
832,641
20
20
933,889
832,641
The notes on pages 17 to 29 form part ofthese financial statements
12

continued...
Going for Bust
Consolidated Balance Sheet (continued)
At 31 March 2024
Company number.. 08427804
Charity number: 1151515
The trustees acknowledge their responsibilities for
lal
ensuring that the charitable group and company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 and
Ibl
preparing financial statements which give a true and fair view of the state of affairs of the charitable group and
company as at the end of each financial year and of its surplus and def icit for each financial year in accordance
with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the charitable group and company.
These financial statements have been audited under the requirements of Section 144 of the Charities Act 2011.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to charitable small companies.
These financial statements were approved by the Board of Trustees on ..4w.iao029........................ and were signed on its behalf
by..
..klannah..T.ointorn................
Ms H A Tointon- Trustee
The notes on pages 17 to 29 form part ofthese financial statements
13

Going for Bust Charity
Charity Balance Sheet
At 31 March 2025
Company number: 08427804
Charity number.. 1151515
2025
2024
Notes
FIXED ASSErs
Tangible assets
Investments
14
15
548,017
548,017
408,365
408,365
CURRE￿ ASSErs
Debtors
Cash at bank and in hand
16
85,442
119,691
205,133
126,924
127,476
254,400
17
CREDThORS
Amounts falling due within one year
18
NET CURRE￿ ASSErs
205,133
254,400
TOTAL ASSETS LESS CURRETr￿ lIABIL￿lEs
753,150
662,765
CREDITORS
Amounts falling due after more than one year
19
NET ASSETS
753,150
662,765
FUNDS
Unrestricted funds
Designated funds
Restricted funds
TOTAL FUNDS
20
20
20
653,150
ioo,ocrf)
662,765
753,150
662,765
These financial statements were approved bythe Board of Trustees on ..￿12r*)￿.......................... and were signed on its
behalf by..
..Hannah..Tninton...... .. .....
M5 H A Tointon - Trustee
The notes on pages 17 to 29 form part of these financial statements
14

Going for Bust
Consolidated Cashflow Statement
forthe Year Ended 31 March 2025
2025
2024
Cash flows from operating activities:
Cash generated from operations
Tax paid
Interest on hire purchase paid
Net cash provided by (used in) operating activities
Notes
47,572
50,398
1506}
47,066
17461
49,652
Cash flov￿ from investing activities:
Purchase of tangible fixed assets
Purchase of fixed asset investments
Interest received
122,5701
iioo,0001
8,093
1400,0001
9.852
Net cash provided by (used in) investing activities
1114,4771
1390,1481
Cash flows from financing activities:
Hire purchase repayments
12,5851
12.6251
Net cash provided by (used in) financing activities
12,5851
12.6251
Change in cash and cash equivalents in the reporting period
169,9961
1343,1211
Cash and cash equivalents at the beginning of the reporting period
383,438
726,559
Cash and cash equivalents at the end of the reporting period
313,442
383,438
The notes on pages 17 to 29 form part ofthese financial statements
15

Going for Bust
Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 March 2025
I. RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING AcfivThiES
2025
2024
Net income for the reporting period (as per the statement of financial
activities}
Adjustments for:
Depreciation charges
Finance costs
IGainl/loss from investments
Interest received
101.248
51,581
8,122
506
{39,6521
18,0931
3,609
746
18.3641
19.8521
Cashflows before movement in working capital
62,131
37,720
Decrease / lincreasel in debtors
Increase / Idecreasel in creditors
19,4941
15,0651
10,655
2.023
Net cash provided by (used in) operating artivities
47,572
50,398
2. CASH AND CASH EQUIVALENrs
The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these
balance sheet amounts:
2025
2024
Year ended 31 March 2025
Cash and cash equivalents
313,442
383,438
Year ended 31 March 2024
Cash and cash equivalents
383,438
726,559
3. ANALYSIS OF CHANGES IN NET FUNDS
At 01104124
Cash Flow
At 31103125
Net cash
Cash at bank and in hand
383,438
169,9961
313,442
Debt
Finance leases
17.043}
2,585
14.4581
Total
376,395
167,4111
308,984
16

Going for Bust
Notes to the Financial Statements
For the Year Ended 31 March 2025
I. LEGAL FORM
Going for Bust, a public benefit company under FRS 102, is incorporated as a Company limited by guarantee,
registered in England and Wales (company number 084278041. The registered office address is on the company
information page of these accounts. The company is also a registered charity in England Icharity number 11515151.
Going for Bust Trading Limited is incorporated as a Company limited by shares, registered in England and Wales
Icompany number 086732051. The trading company is wholly owned by the Going for Bust charity.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151,, Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
Basis of Consolidation
The group financial statements consolidate the financial statements of Going for Bust and its wholly owned trading
subsidiary Going for Bust Trading as if they formed a single entity. Intercompany transactions and balances have
therefore been eliminated in full. The Group has taken advantage of section 408 of the Companies Att 2CKI6 by not
providing a seperate statement of financial activities for the company.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is
probable that the income will be received and the amount can be measured reliably.
Donated goods are only recognised when the amount can be measured reliably.
Government grants shall be recognised in profit or loss on a systematic basis over the periods in which the entity
recognises as expenses the related costs for which the grants are intended to compensate.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but
not accrued as expenditure.
17

Going for Bust
Notes to the Financial Statements
For the Year Ended 31 March 2025
2. ACCOUNTING POLICIES- continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings Itradin8 subsidiary)
25% on cost
Fixtures and fittings Icharity)
-depreciated over 5 years on a straight line basis
Motor vehicles
- 20% on cost
Computer equipment
-depreciated over 3 years on a straight line basis
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
18

Going for Bust
Notes to the Financial Statements
For the Year Ended 31 March 2025
2. ACCOUNTING POLICIES- continued
Debtors and prepayments
Debtors and prepayments are recognised at the transaction price where an entity has a present obligation
resulting from a past event that will probably result in the transfer of funds from a third party to the charity and
the amount due to settle the obligation can be measured or estimated reliably.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their transaction price after
allowing for any trade discounts due.
Hire purchase and leasing commitments
The company operates a defined contribution pension scheme. Contributions payable to the company's
pensionscheme are charged to profit or loss in the period to which they relate.
Significant judgements and estimates
The trustees believe there are no significant judgements in the financial statements.
There are no areas that are considered to be key sources of estimation uncertainty.
Stocks
The company holds stock of donated goods for resale through the trading subsidiary on behalf of the parent
charity. Stock is valued at the lower ot cost and net realisable value and accordingly no value is recorded in the
financial statements.
Financial Assets
Basic financial assets, which include cash and bank balances, are initially measured at transaction price.
Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs.
Subsequently, they are measured at fair value with changes recognised in "net gain5/llossesl on investments" in
the Statement of Financial Activities if the shares are publicly traded or their fair value can otherwise be measured
reliably.
19

Goingfor Bust
Notes to the Financial Statements
for the Year Ended 31 March 2025
DONATIONS AND LEGACIES
2025
2024
Donations
26.365
47,240
26,365
47,240
OTHER TRADING AcfiviTIES
2025
2024
Shop sales
Other income
1,148,707
20,734
1,169.441
1,142,494
19,126
1,161,620
INVESTMENT INCOME
2025
2024
Dividend income
Deposit account interest
7,119
974
9,108
744
8,093
9,852
RAISING FUNDS
2025
2024
Portfolio management costs
1.282
1,282
CHARITABLE AcrivrriES COSTS
Direct
Grants Payable
(note 8)
Support
costs
2025
Totals
costs
Charitable activities
45.342
26.368
202
71,912
Direct
Grants Payable
(note 8)
Support
costs
2024
Totals
costs
Charitable activities
46.287
91.931
240
138,458
Support costs include bank charges of £202 in the year {2024= £2401
20

Goingfor Bust
Notes to the Financial Statements
for the Year Ended 31 March 2025
GRANTS PAYABLE
2025
2024
Provision of help and 5UPPOrt for people diagnosed with breast cancer
26,368
91,931
Grants paid to institution5
University Hospitals Christchurch
Forest Holme Hospice Charity
Yeovil District Hospital
University Hospitals Dorset NHS
University Hospital Southampton
Lewis Manning Hospice Care
I5,(￿0
5,000
7,500
12,000
55,000
9,000
3,500
87,000
2,097
22,097
Grants paid to individuals
4,271
4,931
26,368
91,931
GOING FOR BUSTTRADING EXPENDITURE
2025
2024
Administrative expenses
Depreciation
Interest payable
Tax payablellreceivablel
1,060.481
8.122
506
1,032,716
3,609
746
1341
1,037.037
1,069,109
21

Goingfor Bust
Notes to the Financial Statements
for the Year Ended 31 March 2025
10 NET INCOME/IExPEND￿UREj
Net incomel{expenditure} is stated after charging/lcreditingl:
2025
2024
Depreciation - owned assets
Auditors remuneration
8,122
7.980
3,609
7,600
11 TRusfEES' REMUNERATION AND BENEFtrs
During the year ended 31 March 2025, trustee remuneration was £nil12024.' £nill.
Trustees, expenses
No trustees were reimbursed for expenses during the year ended 31 March 2025 {2024= £nill.
12 STAFF COSTS
2025
2024
Wages and salaries
Social security costs
Other pension costs
601,656
31,873
7.701
641,230
579,845
29,764
7,339
616,948
During the year ended 31 March 2025. redundancy amounts totalling £8,813 were paid to employees12024: £nill
The average number of employees during the year was as follows:
2025
42
2024
43
Employees
Key Management Personnel
Key management personnel salaries for the year totalled £157.318 {2024'. £154,804). The trustees consider the key
management personnel during the year to be those detailed on page 6.
No employees received remuneration above £60,(KKJ in the year.
22

Goingfor Bust
Notes to the Financial Statements
for the Year Ended 31 March 2025
13 COMPARATIVES FOR THE StATEmETr￿ OF FINANCIAL ACtIVThlES
Unre5trirted fund5
Restrirted funds
Total funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
47,240
47,240
Charitable activities
Going for bust trading income
Investment income
1,161,620
9.852
1,161,620
9,852
Total
1,218,712
1,218,712
EXPENDrruRE ON
Charitable activities
Provision of help and support for
people diagnosed with breast cancer
138,458
138,458
Going for Bust trading expenditure
1,037,037
1,037,037
Total
1,175,495
1,175,495
Net gains1{10sses) on investments
8,364
8,364
INCOME
51.581
51,581
Transfers between funds
Tax on activities
34
34
Net movement in funds
51.615
51,615
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
781,026
832,641
781,026
832,641
23

Going for Bust
Notes to the Financial Statements
for the Year Ended 31 March 2025
14 TANGIBLE FIXED ASSEfs- Charity and Subsidiary
Fixtures and
fittings
Motor
vehicles
Computer
equipment
Totals
COST
At l April 2024
Additions
Disposals
4,305
16,454
22,570
2,350
23,109
22,570
At 31 March 2025
4,305
39,024
2.350
45,679
DEPRECIATION
At l April 2024
Charge for year
Eliminated on disposal
4,305
13,163
7,805
1,874
317
19.342
8,122
At 31 March 2025
4,305
20,968
2,191
27,464
NET BOOK VALUE
At 31 March 2025
At l April 2024
18,056
3,291
159
18,215
3,767
476
TANGIBLE FIXED ASSEfs- Charity
Fixtures and
fittings
Totals
COST
At l April 2024
Additions
Disposals
797
797
At 31 March 2025
797
797
DEPRECIATION
At l April 2024
Charge for year
Eliminated on disposal
797
797
At 31 March 2025
797
797
NET BOOK VALUE
At 31 March 2025
At l April 2024
24

Going for Bust
Notes to the Financial Statements
for the Year Ended 31 March 2025
15 FIXED ASSET 1NVEsfME￿s- Charity and Subsidiary
Shares in
group
undertakings
Listed
Investments
Totals
MARKET VALUE
At l April 2024
Additions
Revaluations
408,364
loo,000
39,652
408,364
loo,000
39,652
At 31 March 2025
548,016
548,016
NET BOOK VALUE
At 31 March 2025
At l April 2024
548,016
408,364
548,016
408,364
FIXED ASSET INVESTMENTS- Charity
Shares in
group
undertakin85
Listed
Investments
Totals
MARKET VALUE
At l April 2024
Additions
Revaluations
408,364
loo,000
39,652
408,365
loo,000
39,652
At 31 March 2025
548,016
548,017
BOOK VALUE
At 31 March 2025
At l April 2024
548,016
408,364
548,017
408,365
16 DEBTORS
Charity and subsidiary
2025
2024
Charity
2025
2024
Amounts falling due within one year=
Prepayments and accrued income
VAT
Amounts owed by group undertakings
Tax
79,277
7,057
71,899
5,042
3,787
3,827
81,655
123,097
135
86,469
34
76,975
85,442
126,924
Amounts falling due after more than one year=
Other debtors
1.792
1,792
Aggregate amounts
88,261
78,767
85,442
126,924
25

Going for Bust
Notes to the Financial Statements
for the Year Ended 31 March 2025
17 CASH AT BANK AND IN HAND
Charity and subsidiary
2025
2024
Charity
2025
2024
Cash at bank
Cash in hand
311.756
1,686
313.442
382,650
788
383,438
119,691
127,476
119,691
127,476
18 CREDITOR5: AMouTrifs FALLING DUE WITHIN ONE YEAR
Charity and subsidiary
2025
2024
Charity
2025
2024
Bank loans and overdraft
Trade Creditors
Other creditors
Social security and other taxes
Hire Purchase Contracts Isee note 181
Accruals and Deferred Income
77
11.159
3.041
8.920
4.458
6.467
34,045
15.871
1,373
6,628
7,043
10.703
41,695
19 LEASING AGREEMENTS
Minimum lease payments f311 due as follows:
Hire purchase contrarts
2025
2024
Gross obligations repayable:
Within one year
Between one and five years
4,458
6,484
4,458
6,484
Finance charges repayable:
Within one year
Between one and five years
15591
15591
Net obligations repayable:
Within one year
Between one and five years
4,458
7,043
4,458
7,043
Tangible fixed assets on hire purchase agreements have a net book value of £nil12024: £3,291) as at the
31 March 2025.
26

Going for Bust
Notes to the Financial Statements
for the Year Ended 31 March 2025
19 LEASING AGREEMENTS- Continued
Non-cancellable operating
leases
2025
2024
Within one year
Between one and five years
In more than five years
199,083
512,583
245,000
956,666
229,250
588,333
134,667
952,250
The amount of non-cancellable operating lease payments recognised as an expense during the year was
£229.25012024- £223,083).
20 MOVEMENT IN FUNDS
Charity and subsidiary
At 1.4.24
Incoming Resources
resources
expended
Gains and
losses
Transfers
At 31.3.25
Unrestrirted funds
General fund
Investment reserve fund
832,641
1,203,899 {1,142,3031
39,652
iioo,0001
loo,000
833,889
loo,000
933,889
832,641
1,203,899 {1,142,3031
39,652
TOTAL FUNDS
832.641
1,203.899 {1.142,303)
39,652
933,889
Charity
Incoming Resources
resources
expended
Gains and
losses
At 1.4.24
Transfers
At 31.3.25
Unrestrirted funds
General fund
Investment reserve fund
662.765
123.927
{73.1941
39,652
iioo,0001
loo,000
653,150
loo,000
753,150
832.641
123.927
{73.1941
39,652
TOTAL FUNDS
662,765
123,927
{73,1941
39,652
753,150
27

Going for Bust
Notes to the Financial Statements
for the Year Ended 31 March 2025
20 MOVEMENT IN FUNDS- Continued
COMPARATIVES
Charity and Subsidiary
Incoming Resources
resources
expended
Gains and
losses
At 1.4.23
Transfers
At 31.3.24
Unrestrirted funds
General fund
781,026
781,026
1,218,712 {1,175,4611
1,218.712 {1.175,4611
8,364
8,364
832,641
832,641
TOTAL FUNDS
781,026
1,218,712 {1,175,4611
8,364
832,641
Charity
Gains and
losses
At 1.4.23
Incoming Resources
resources
expended
Transfers
At 31.3.24
Unrestrirted funds
General fund
607,410
607.410
185.449
185.449
1138.4581
1138.4581
8,364
8,364
662,765
662,765
TOTAL FUNDS
607,410
185,449
(138.4581
8,364
662,765
Fund descriptions
Investment reserve fund - to act as future security regarding Going for Bust
Transfer between funds
A transfer between the general fund and the investment reseNe fund has been completed to recognise the funds set
aside by the trustees to secure the future of the organisation.
21 RELATED PARTY TRANSAcfioNS
Going For Bust Trading Limited is a 100% owned susidiary of Going for Bust.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland.. not to disclose related party transactions with wholly
owned subsidiaries within the group.
During the year ended 31 March 2025, a trustee received payments for repair and maintenance works made through
the subsidiary trading company. Transactions for the year ended 31 March 2025 totalled £1,40212024'. £9151 of which
£nil12024: £nill remained payable at the year end.
During the year ended 31 March 2025, no trustees12024: 11 donated a total of £nil {2024.'£1551 to the charity.
28

Going for Bust
Notes to the Financial Statements
for the Year Ended 31 March 2025
22 DEFINED CoP￿RIBUTION PENSION
Employer contributions to defined contribution pension schemes in the year totalled £7,70112024: £7,339).
23 PARENT/SUBSIDIARY RELATIONSHIP
The Charity discharges part of its charitable objectives through its subsidiary, Going for Bust Trading Limited, which is
responsible for the day to day running of the charity shops and undertakes the associated trading activities.
Going For Bust Trading Limited is a 100% owned susidiary of Going for Bust. Full entity level financial statements for
Going For BustTrading Limited1086732051 can be found on Companies House.
An extract from the Balance Sheet of Going for Bust Trading Limited at 31 March 2025 is as follows:_
2025
2024
Fixed assets
Current assets
Current liabilities
Total assets less current liabilities
18,215
278,230
1115,7011
180,744
3,768
330,828
1164,7161
169,880
Creditors due in more than one year
Net current assets
180,744
169,880
Called up share capital lowned by charity)
Profit and loss account
180,743
180,744
169,879
169,880
Gross income for the year
Gross expenditure for the year
Tax Iduel/receivable on profit
Surpluslldeficitl for the year
1,170,399
1,162,340
11,159,535) 11,166,112)
34
13,7381
10,864
29