TURNAROUND BRISTOL
Turnaround Bristol provides drop-in services to meet basic needs and to support beneficiaries to sustain orimprove their accommodation, to benefit from education and training opportunities and to enable them totransition to the next stage of their life, thrive and fulfil their potential. The charity works in partnership with other providers in Bristol.
Financial health, per its FY2025 accounts
The accounts state that the charity ended its first financial year with total reserves of £223,083, comprising £150,563 in unrestricted funds and £72,520 in restricted funds. The trustees report a healthy financial position, noting that unrestricted reserves of £65,563 represent approximately three months of anticipated expenditure, which exceeds their policy target of two months. The charity is largely dependent on voluntary funds and grants but has maintained a positive relationship with supporters and partners.
What the accounts disclose
“The trustees aim to keep a minimum of two months’ forecast operational expenditure in reserves at all times based on the approved budget for each fiscal year, excluding gifts in kind.” — page 5
“During the year, donations of £360 were received from trustees, key management and related parties.” — page 15
Trustees
- ANDREW STREETchair
- Keren Felix
- Marcus Alexander Baxter
- Naomi Elisabeth Sharp
- Olutomi Oyewole Osibanjo
- Rev Jonathan Hayes
- Simon John Allen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £393k | £170k |
Common questions
Is TURNAROUND BRISTOL financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended its first financial year with total reserves of £223,083, comprising £150,563 in unrestricted funds and £72,520 in restricted funds. The trustees report a healthy financial position, noting that unrestricted reserves of £65,563 represent approximately three months of anticipated expenditure, which exceeds their policy target of two months. The charity is largely dependent on voluntary funds and grants but has maintained a positive relationship with supporters and partners. Its FY2025 accounts were independently examined.
Who funds TURNAROUND BRISTOL?
Funders whose own accounts filings name TURNAROUND BRISTOL as a grant recipient include THE MEDLOCK CHARITABLE TRUST, THE GIBBS CHARITABLE TRUSTS.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE MEDLOCK CHARITABLE TRUST | FY2025 | £15k | |
| THE GIBBS CHARITABLE TRUSTS | FY2025 | £2k | Other Methodist Initiatives |