THE TURING TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity reported a small net outflow of funds of £13,302 for the year, primarily due to timing differences in restricted grant recognition. However, unrestricted activities generated a surplus of £1,977, and the trustees confirmed there are no significant doubts regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees of The Turing Trust have reviewed its reserves policy in 2024 and consider that one month of working capital (approximately £50-£100k) is sufficient free reserves” — page 32
“The Turing Trust purchased Unit 7C, Pentland Industrial Estate, Loanhead EH20 9QH from JD and NJ Turing on 03/07/2023 for £364,000. The purchase was part-funded by an interest free loan of £164,000 from JD & NJ Turing, all of which remains outstanding at the year end.” — page 48
“Turing IT Ltd was set up by James Turing (a connected party to one of the trustees of The Turing Trust) to undertake trading on behalf of The Turing Trust.” — page 48
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "within" (FY2024).
Funders the charity credits
- Ukraine Educational Initiatives Foundation
- Rotary Club of Currie Balerno
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (24/06/2015)
Trustees
- John Dermot Turingchair
- Bernard Hollywood OBE
- Dr Lumbani Mwafulirwa
- Lilian Wanjiku Ndirangu
- Lillian Owiti
- Stella Kagwiria Muthuri
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £783k | £599k |
| 31/12/2024 | £649k | £663k |
| 31/12/2023 | £963k | £746k |
| 31/12/2022 | £1.0m | £611k |
| 31/12/2021 | £664k | £399k |
Common questions
Is THE TURING TRUST financially healthy?
The accounts state that the charity reported a small net outflow of funds of £13,302 for the year, primarily due to timing differences in restricted grant recognition. However, unrestricted activities generated a surplus of £1,977, and the trustees confirmed there are no significant doubts regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Millet Accountants Ltd..
Who funds THE TURING TRUST?
Funders whose own accounts filings name THE TURING TRUST as a grant recipient include THE COLES-MEDLOCK FOUNDATION, THE BUZZACOTT STUART DEFRIES MEMORIAL FUND, Evelyn Partners Charitable Trust, ARBUTHNOTT CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE COLES-MEDLOCK FOUNDATION | FY2025 | £14k |
| THE BUZZACOTT STUART DEFRIES MEMORIAL FUND | FY2022 | £1k |
| Evelyn Partners Charitable Trust | FY2025 | £700 |
| ARBUTHNOTT CHARITABLE TRUST | FY2025 | £500 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WRIGHT'S CLOCK LAND CIO | 1 | £305k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CATHERINE'S, WAKEFIELD | 1 | £5k |