TURN TRUST
TURN TRUST helps faith based communities have a new impact in urban environments.TURN TRAINING students learn to enrich the lives of those in local communities.TURN BUSINESS develops businesses to keep buildings alive, and retain their community use.TURN REFIT refurbishes buildings and spaces to be community hubs.TURN NETWORKS creates connections of people to teach and encourage our ethos.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £48,801 for the year ended 31 May 2025, resulting in a decrease in free reserves to £38,358. Per the trustees' report, the charity remains a going concern as it has secured corporate sponsorship to cover its 2025/26 budgeted expenditure, although it is dependent on these continuing donations.
What the accounts disclose
“The Board of Directors have established a policy whereby free reserves held by the charity should be maintained as sufficient to cover its short-term commitments plus retaining funds towards capital development.” — page 5
“The charity is dependent on continuing donations from Solomon Estates Limited, HMCA/s plc and the Care Insurance Company Limited and as a consequence the going concern basis is also dependent on these donations continuing.” — page 14
“Turn Trust’s principal funder is Solomon Estates Limited, the ultimate owner of which is a family member of Mr B A Skrentny, the donor representative.” — page 6
“Turn trust has engaged the chief operating officer Mr R H Ashworth via an intermediary company, Grace Eagle Limited, of which Mr R H Ashworth is a director.” — page 24
“Turn Trust’s principal funder is Solomon Estates Limited, the ultimate owner of which is a family member of Mr B A Skrentny, the donor representative.” — page 6
“Turn trust has engaged the chief operating officer Mr R H Ashworth via an intermediary company, Grace Eagle Limited, of which Mr R H Ashworth is a director.” — page 24
“Investment in UK trading subsidiary: Turn Trading Limited (Company number: 12293500) registered in England and Wales (100% owned)” — page 21
Structured financials (annual return, FY ending 31/05/2025)
Trustees
- RICHARD VENABLEchair
- Kevin John Colwell
- MATTHEW FROST
- Nestor Jose Fernandez Vizcaya
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £672k | £721k |
| 31/05/2024 | £528k | £603k |
| 31/05/2023 | £442k | £484k |
| 31/05/2022 | £498k | £495k |
| 31/05/2021 | £437k | £421k |
Common questions
Is TURN TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £48,801 for the year ended 31 May 2025, resulting in a decrease in free reserves to £38,358. Per the trustees' report, the charity remains a going concern as it has secured corporate sponsorship to cover its 2025/26 budgeted expenditure, although it is dependent on these continuing donations. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £600k |
| NESTA | 1 | £150k |
| JOHN LAING CHARITABLE TRUST | 1 | £110k |
| THE WESTMINSTER FOUNDATION | 1 | £65k |
| THE OFENHEIM CHARITABLE TRUST | 1 | £19k |
| THE COLES-MEDLOCK FOUNDATION | 1 | £14k |
| THE RAYNE TRUST | 1 | £10k |
| J N DERBYSHIRE TRUST | 1 | £10k |
Charities like this
- The Worshipful Company of Turners Charitable Trust
- G J W TURNER TRUST
- TURNAROUND FOUNDATION
- TURN2US
- THE TURING TRUST
- THE TURNER-KIRK TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TURN TRUST | £672k | — | 0 | above | — | noted |
| The Worshipful Company of Turners Charitable Trust | £185k | — | 0 | unclear | — | no doubt |
| G J W TURNER TRUST | £362k | — | 0 | above | — | no doubt |
| TURNAROUND FOUNDATION | £101k | — | 0 | unclear | — | no doubt |
| TURN2US | £39.2m | — | — | above | — | no doubt |
| THE TURING TRUST | £783k | — | 0 | within | — | no doubt |