TURninGTIDES
ENDING LOCAL HOMELESSNESS
TURNING TIDES
HOMELESSNESS
TRUSTEES, REPORT& FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Charitable Housing Trust
A Company Limited by Guarantee
Registered as TurningTides Homelessnes5
Charity Number: 1027832
Company Limited by Guarantee: 2708334

Tuming rides Homelessness R e p o r t s and Financial Ststements for the Year Ended 31 March 2025
CONTENTS
PAGES
Reference and Administrative Details of the Charity.-
its Trustees and Advisors
Tru5tees' Report -___----
- 4-17
Independent Audltors. Report---_-
Statement of Financial Activities
- 18-20
-21
Balance sheet---_--
Statement of Cash Flows--
-23-24
Notes to the Flnancial Statements ---
- 25-36
Page". 2

Turning rides Homelessness R e ports and Financial Statements
for the Year Ended 31 March 2025
Reference and administrative details of the Charity. its Trustees
and Advisors
Trustees
Martin Quinn (Chair)
Nicholas Beverley-Hedger (Chair Finance and Audit Committee)
Duncan Anderson
rimothy Cooper (Resigned 30 August 2024)
Peter Holloway (Appointed 12 May 2025)
Samantha James (Appointed 12 May 2025)
Bill Jones
Jane Lodge (Re&w￿d 22Juty2024)
lan Mintram (Resigned 12 May 2025)
Neil Ranger {Appointed 12 May 2025)
Jonathan Rosser (Appointed 13 May 2024)
Marianne Wright {Resigned 19 December 2024)
Company Registered number 2708334
Charity Registered number
1027832
Registered office
Worthing Town Hall
Chapel Road
Worthing
West Sussex BNII IHA
Company Secretary
Richenda Kullar (Resigned 12 May 2025)
Chief Executive Officer
John Holmstrom
Independent Auditors
Lewis Brownlee (Chichester) Limited
Appledram Barns
Birdham Road
Chichester
West Sussex P020 7EQ
Bankers
HSBC
Goring Road
Worthing
West Sussex BN12 4AW
Page 3

Turning Tides Homelessnes5 R e p o r t 5 and Financial statements
for the Year Ended 31 March 2025
Chairfs Statement
This year Turning rides helped another record number of people to step out of the margins of society and
begin to find a pathway outof homelessne5s- in total 1.065. We have seen people from all walks of life, many
of them newly homeless due to the cost-of-ltving crisis and struggling to process what ha5 happened.
Nevertheless, alongside the trauma and hardships we are also humbled and privileged to see the
transforniations people make when they are given the right SUPPOrt, in the right way, at the right time. This
profoundly indtvidual. sensitive. and holistic approach underpins all our work.
A current and major challenge is the increasing complexity of clients with whom we work. This is often
associated with the increasing impact of substance use and connected poor mental health. Our prompt and
thorough response to this issue is a fine example of the commitment shown by our Team. We are extremely
grateful to all of our dedicated staff.
We are delighted to have been shortlisted for the Charity Awards 2025. The Organisation has been shortlisted
in the 'Social care, advice & supporf category for its Housing First model; which aims to provide clients with
stable home first, alongside person-centred. holistic support with no specified end point.
We were also proud when our Chief Executive. John Holmstrom, was awarded the High Sheriff of West
Sussex's Award for Turning rides, valuable seniices to the community.
We are pleased to have covered our costs this year. With a rising need for our services in the communities we
serve and uncertainty over future fundin& financial challenges are ever present.
If you have supported Turning rides during the last year- in anyway, it might be through donating your time
as a volunteer or donating goods or money- we are extremely grateful and would like to thank each of you.
Your generosity helps people to find lasting pathway5 Out of the desperation of homelessness. Your support
continues to be vitsl.
Finally, huge thanks and best wishes go to lan Mintram, who recentty stood down as Chair of Trustees after
eight outstanding years in the role.
Martin Quinn
Chair of Trustees
July 2025
Page 4

Turning rides Homelessness R e p o rt s and Financial Statements
forthe Year Ended 31 March 2025
The Trustees present their annual report together with the audited financial statements for the year l April
2024 to 31 March 2025. The Trustees confirm the Annual Report and financial statements of the Charity
comply with current statutory requirements of the Chariws governing document and the provisions of the
Statementof Recommended Prartice (SORP), applicableto all charities preparingtheiraccounts in accordance
with the Financial Reporting Standard applicable inthe UK and Republicof Ireland (FRS 102, effective l January
2019). The Charity is considered to be a Charttable Housing Trust as defined by the Housing Association Act
1985.
Since the Charity does not qualify for the small companies. regime, the strategic report required of medium
and large companies underThe Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013
is included.
About Turning Tides
Turning Tides, previously Worthing Churches Homeless Projects (WCHP), was established by a group of local
Christians in 1992, providing practical help and support to the local people sleeping rough in Worthing. The
Charity rebranded in 2018 to Tuming rides, reflerting the development and delivery of services countywide.
Now, Tuming rides provides a wide range of homeless support services across West Sussex, all striving to
achieve complete pathways out of homelessness. The Charity looks to enhance and develop a broad range
of services to meet the diverse needs of those who have nowhere to call home.
Approach of Turning rides
Fundamental to the Chariws approach 15 understanding every client has their own unique set of
circumstances which led to them becoming homeless. Consequently, we offer a varied and holistic model
spanning low, medium and high support seniices. Empowering each client to achieve independent living is
unique personal journey, requiring services to be responsive and tailored, innovative and diverse.
Turning rides is firmly committed to being psychologically and trauma informed (a PIE approach:
Psychologically Informed Environment). This means we work carefully to understand the typically traumatic
events leading to a person becoming homeless and the emotional impact of their experiences. We seek to
produce asafe, positive relationshipand environmentso clientscan begin to rebuild theirlivesand thrive. Our
services are continually developed and delivered responstvely to client need.
Taking a strengths-based and systems approach, Tuming rides also seeks to coordinate resources across the
sectors and within the community. Ending local homelessness cannot be achieved bythe Charity alone. Time
and time againthe challenges and barriersfaced bydientsare systemic. The Charity listensto theirexperience
and works with colleagues in other related systems such as housin& health, social care, substance use and
criminal justice to create a "coalition of the willin¢ to end local homelessness.
Charitable Objerts
Turning Tides is a charitsble housing trust whose objects, as set out in its Memordndum of Association, are to
relieve poverty through the provision of emergency and other accommodation, advice and assistsnce for
persons who are deemed homeless and/or in need of such accommodation. advice or assistance.
Page 5

Turning rides Homelessness Re p orts and Financial Statements
for the Year Ended 31 March 2025
Our Vision, Mission and Ambitions
Our Vision
Ending local homelessness in the areas in whichTurningfides operate.
Our Mission
We are a community-led Charity which puts clients and local people at the heart of our mission to end
homelessness. To do this we will be:
Ambitious- homelessness is not an inevitability
A voice for people experiencing homelessness
A place of safety, respect and trust
Kind, generous and warm hearted
Engagin& motivatingand inspiring
Inclusive and welcoming
Valuingfaith, spiritualityand our Christian roots
Led by our clients, and communities, expertise and experience.
Our Ambitions
To reduce rough sleeper numbers and develop pathways out of homelessness
To be led by our clients, and communities, expertise and experience
To be innovative and delivergood value in orderto win new resources
To grow a thriving charity where people enjoy working and feel empowered to create a bright future
for themselves and others.
Services of Turning Tides
The Charity provides a diverse range of services to meet the varied and complex needs of those who are
homeless or at risk of becoming homeless. We operate across West Sussex covering Adur and Worthing,
Littlehampton, Horsham Distrirt. Mid Sussex and Crawley.
1065 individual clients accessed the Charib/s services in 202412025. 409 of which were new clients.
As at the end of March 2025 the Charity had 171 paid staff and 191 volunteers who currently deliver:
Hubs and Oirtreach - Multi-agency centres where anyone who is homeless or insecurely housed can
receive practical help such as food, showers and clothing. Specialist staff supporting clients into
appropriateaccommodationand helpingwith health needs. Groupsandcommunity inclusion activities
are held, reducing social isolation. Outreach Teams also work in Horsham and Mid Sussex, including
a Rough Sleeper Coordinator.
Page 6

Turningfides Homelessness Re po rts and Financial Statements
for the Year Ended 31 March 2025
High Support Residential with 24n cover- 4 projects with 114 beds:
o Byron Road, Worthing- 16 bed complex-needs project,
o Recovery Project, Worthing - 31 bed Care Quality Commission I'CQC) registered drug
rehabilitation,
o Manor Road. Worthing- 17 bed complex-needs projert.
o Roffey Place, Horsham- SO bed cornplex-needs project.
Medium and Low Support Move on Housing- 17 properties with 114 beds:
o Worthing-
8 houses-
(62 beds)
o Littlehampton
3 houses
117 beds)
o East Clayton
I house
15 beds)
o Horsham
2 houses
{8 beds)
o Mid Sussex
3 houses
{22 beds)
Multi-Disciplinary Team- specialist staff vtho provide additional support to clients across seNices:
o Social Workers
o Mental Health Workers
o Counselling Coordinator
o Complex Needs Specialists
Substance/Alcohol Miwse Workers
o Lived Experience and Trauma Informed Navigators
o Housing First Workers.
Strategic Review
The Board of Trustees sets an annual budget accompanied by a 5-year financial Business Plan in March each
year. This is accompanied by a detailed Organisational Plan which sets out how the Business Plan will be
delivered.
The Organisational Plan has 6 overarching objertives to deliver our four ambitions set in 2019 (please refer to
page 6). Progress against the Plan is reviewed quarterly by the Senior Management Team and Board of
Trustees using a Red Amber Green IRAGI system. In addition, Key Performance Indicators {KPls) are monitored
across all the ChariVs services and functions. These are also reviewed quarterly by the Senior Management
Team and Board of Trustees.
Achievements, Challenges and Performance
Ourdedicated staff and volunteers strive to ensure nOOnefa￿SthetraUrna of homelessness alone, and during
the period of this report they supported a record number of 1065 people.
Our Services
Our drop-in Community Hubs and Outreach Teams have helped 736 people overthis period. They also report
ever more diversity in the people they see; many having what seemed to be a 'normal' life, with a job and
home, only a few months prior to presenting for help. Mo￿0ver, some people are homele$5 and still in
employment, using our facilities to maintain some noTmality and dignity as they try and hold onto work and
routine. The cost￿f-11vIng crisis is extracting a heavy pri￿ from many in our society who have little saving5 or
support on which to lean.
Page 7

Turning Tide5 Homelessness Re po rts and Financial Statements
for the Year Ended 31 March 2025
This was the second full year of operation of our high support 50 unit residential project at Roffey Place, near
Horsham- a collaborative response betweenTurningfides and Horsham Districtcouncil based in a rural setting
Working in conjunrtion with our multi-disciplinary Teams. both our high support accommodation and our
low/medium support housing enable residents with complex needs to aspire to their full potential, and move
towards independent living.
Challenges
A continuing major challenge is the inueasing complexity of clients with whom we work. This is often
associated with the increasing impact of substance use and connected poor mental and physical health.
We are a memberof the Westsussexcombating Drugs Partnership. An 85% redurtion in the amount of heroin
coming out of Afghanistan has led to an exponential increase in availability of synthetic opiates which can be
anything from 50 to 1000 times more potent than street heroin resulting in a spike in overdoses. Added to
this there is an increase in the availability of synthetic drugs over the internet delivered to your door or
purchased via QR codes on lamp posts.
Naloxone is a safe medicinethat rapidly reverses an opioid overdose. As part of our overall response. we have
rapidly distributed it into the community and are ensuring that both clients and trained stsff are carrying. We
have also installed Naloxone boxes in all our ￿SIdential and hub services.
Recent Achievements
We have continued to develop a more co-produced and trauma-informed Organisational ethos, This has been
supported by the Sussex wide 'Changing Futures, programme: a system change programme for people
experiencing multiple disadvantages. This has provided a Trauma Infomed Navigator and 2 staff who use
their lived experience to build deep connections with our most vulnerable clients and also guide staff and
Managers in the co-design and deliveryof ourservices. Through the development of these roles, we have also
been able to introduce a peer support training and volunteer programme with funding via the NHS. These
voluntary roles have made such a positive difference to the Worthing Hub in the way it feels and the sense of
safety and connections the peer support workers bring. In addition, it makes a real difference to their lives
giving them a sense of purpose by knowing the difference they make.
Receipt of resettlement funding frorn the Office for Health Improvement and Disparities IOHIDI has been
significant as it includes funds for a dedicated Resettlement Manager and a Mental Heahh Workerto support
clients with a historyof substance use, including some dual diagnosis clients, to move into theirforever homes.
It also includes sufficient funding to pay for deposits, cost of removals and money to fit out flats with new
carpets, curtains, furnishings, white goods and cookers. This all ensures clients have the greatest opportunity
for success. Building trusting relationships with landlords has also been a cornerstone to the success of this
Project and much positive feedback has been received.
Our application continues to the Regulator of Social Housing to become a Housing Association. We were
invited to submit a Detailed Application following a successful Preliminary Action. The Detailed Application is
being assessed at the time of writing.
A successful application would allow access to capital funding for new. better buildings and renew our older
housing stock to meet longer tem 5UStainability targets (such as net zero by 2050). Longer term this would
place us in a stronger position to apply for revenue funding for new supported housing schemes. In recent
years the Government has shown a preference to invest capital/revenue in Registered Providers.
Page 8

Turning rides Homelessness R e p o r t s and Financial Statements
forthe Year Ended 31 March 2025
OurTeam
We are incredibly grateful to our staff for their huge commitment and dedication throughout the continued
challenges faced by the Charity. Operational staff are, understandably, feeling the stretch as they manage an
increase in need alongside an increase in complexity and their work is a constant source of pride for the
Trustees.
Investing In OurTeams
Once again, we are indebted to our inspirational, generous and caring staff for their continued commitment
to the mission and vision of Turning rides. They are the key to the success of the Charity. They are integral
to making Turning rides a great place to work and through co-production, staff are involved in various
initiatives to ensure we continue to improve how we go about our day-to-day work. We value staff input and
feedback into everythingwe carryout, and everyone can have their saythrough Yourvoice,, our internal staff
feedback forum.
We attach great importance to training our people. We have made good progress on compliance and
mandatory training and reflective prartice for our Operational Teams. We have developed a new range of
training which is bespoke to the needs of the Organisation. This includes a wide range of supplementary
training alongside an extensive library of online courses and learning to support continual development of
skills.
A Staff Conference took place in September 2024, affording an opportunity for all Teams across the
Organisation to connect with each other and to understand more about the latest challenges which face our
Sector.
Diversity, Equity. and Inclusion
Diversity, Equity and Inclusion continue to be an area of increased focus and activity. We collert data from our
staff annually and have discussions with staff in Your Voice meetings- with a group comprising staff from
across the Charity. We noted the need for great diversity on our board, and it is more balanced now in terms
of age, gender, neuro dtversty and Irrfed experience, especially with the recent recruitrnent of 3 women
trustees and a further woman as independent on the Finance and Audit Committee.
Health and Wellbeing
The challenges we all face in our wider INes can have an impact, which sometimes affects our mental health
and/or our financial situation. As a pers0n-￿ntred Charity, the health and wellbeing of all our stakeholders
including clients, volunteers and staff, is an ongoing priority.
We are pleased stsff continue to be offered Medicash. It offers a wide range of trainin& mindfulness
meditations, 24-hour GP service, digital physiotherapy along with the cash plan element with the option of
adding family members. We also continue to offer the 2417 Employee Assistan￿ Programme which offers I:1
counsellin8 for employees and assistance with any worl personal or family issues.
In addition, Reflectp4e Practice and our internal CounsellingTeam continue to be key in offering support to our
frontline Tearns who often deal with trauma. and we are looking to develop this offer in 2025126.
Volunteers
Volunteers are crucial to the delivery of our services and their support can be transfonnational for clients.
This year 191 volunteers supported our work across the Charity, providing a generous and hugely valuable
10,038 hours of support. We also held many corporate volunteer sessions.
We are in awe of all the wonderful volunteers who give their time 50 freely to support the people we serve.
Without them we could not achieve these amazing outcomes.
Page 9

Turning rides Homelessne55 R e p o r t s and Financial Statements
forthe Year Ended 31 March 2025
Community Support
Turning Tides relies on the support and generosity of its local community, and we are thankful to those who
feel able to donate. The Fundraising and Communications Team worked hard to raise £614k in unrestritted
income during this year through a combination of new and established events and activities. The Sleepout
and Skydive attracted support from clients and volunteers. as well as staff. A new event, the National Three
Peaks Challenge, saw 18 fundraisers, including staff and a client. tsckling Great Britain's three highest peaks
in a 24-hour period- and was our most profitable single fundraising activity of the year. Another new event,
sponsored dog walk, brought the yearfs fundraising calendar to a successful close.
The publication of our 2025 Impact Report highlighted many aspects of the Charitys work. This included the
Housing First service, which was also featured in the 2024 Christmas appeal. The combination of these two
activities attracted significant additional funds from the community. This income enables the Charity to be
agile and responsive and help to protect its independence.
TheTeam continued to undertake a wide rangeof speaking engagements and attend networking events across
West Sussex to raise awareness of homelessness. Support came from all sectors of society: schools, churches,
corporates, social groups. sportsclubsand many more. Relationships includingthose with Worthing Golf Club,
Haskins Garden Centre, the Hackett Group and the John Lewis Partnership provided funds to support the
Chariws mission, and enabled the building of relationships across the wider community. Individua15 also
undertook a variety of fundraising challenges to support Tuming rides, including Hercule Van Wolfwinkle
whose fundraising and awareness raising continues to be invaluable.
In term of communications, our work continued to attract media attention, with interviews and pieces in BBC South
Today, BBC South East Today• Inside Magazine. 88C Sussex and Heart FM. Greatest Hits Radio and BBC Radio Su$5ex
carried interviews with John Holmstrom on the subjert of homelessness at Christmas. The sponsored dog walk
attracted a great deal of attention with coverage in the Worthing Herald online, in addition to multiple radio pieces.
Littlehampton Community Hub's Wellbeing Wednesdaf was featured in Sussex World.
The Centre for Homelessness Impart mentioned Turnin8 rides in a blo8 piece, and included photO8raphs of client
Franc, which is aimed at challengin8 negative images of homelessness. The issue of rural homelessness was also
picked up by the National Sun newspaper who carried out an interview with staff at Roffey Pla￿.
Also, throughout this year, the Organisation secured £1.86m through grants and trusts. These applications were
doubly challengin& not only due to the cost of living crisis but also because the Charity has expanded to meet the
increased need in our community. As our tumover now comfortably exceeds £5m, this limits the scope of grants
and trusts open to our application. This income not only ensured our existing services continued to support as
many clients as p055ible, but also led to the development of new serrfices.
Key Perfomiance Indicators
202
20Z5
Incre￿ or
De¢rease123124-
241251
2024
Pothwaysourolhomelessoes&'
Total clients supported
Total newdients supported
Average length of rough ￿eepIng of new clients lin weeks)
Number of people rough sleeping at end of Q4 Ire5tatedl
Safeguarding Reports
938
1057
1065
+1%
372
433
409
-6%
-13%
36
-6%
19
18
-5%
Totol units of accommodation
i(
iii
114
3%
% Oetupancy
95%
94%
Number of new clients taking up residenoes
177
172
166
-3%
Page 10

Turning Tides Homelessness Re po rts and Financial Statements
for the Year Ended 31 March 2025
Average length of stay lin weeks)
Total movtrtsns
26
28
*4%
147
158
179
+13%
% planned departure5 Ireststedl
65%
SPA
51%
Total units ol accornmodation
114
114
+1%
% Occupancy
93%
96%
+3%
Number of new dientstaking up residenaes
Average length of stsy1Sn weeks)
Totsl departures
79
71
72
+7%
81
65
-18%
% planned departures
67%
62%
66%
+6%
HR..
Voluntary staff tumover Ireststedl
Staff sickne5$1otal average % wothng da￿ lost
17%
-33%
5.6%
444%
Health & Safety compliance
% Targeted resporb5e time athieved of emer8ency maintenance
tasks lin da
51 target of I da
% Targeted response time achieved of emeryenty maintenance
tasks lin daysl target of 7 days
Targèted response time achieved of emergtnq rn•lntenance
tasks lin day51 target of 28 day5
Complolnts..
97%
-1%
94%
94%
91%
+6%
Totsl complaints
21
62
+63%
Commentary on KPIs
As demand for our service continues to increase. we have sUPPOrted more clients than ever before {up 1% on
last year). There has been positive Prog￿55 on pathways Out of homelessness wtth a reduction by 13% to 3.3
weeks for the average length of stay on the streets. Overall numbers rough sleeping were similar. with a small
decrease of 6% over the previous 12 months.
Safeguarding notifications have stabilised. We take a rigorous approach through our Social Worker to refer
cases where an alert is properly justified. Key to our safeguarding approach is to follow through any referral
and be clear the difference we are seeking to achieve. The sirnilar numbers forthe currentyear can largely be
explained by this being the second year our high support project, Roffey Place, has operated for the entire
year, and due to the increased complexity of the clients we support which include a number of health and
social care needs.
Similarly, we are also pleased the actual number of client move-ons oirt of high support residential services
have again increased this year from 158 to 179. Planned departures from high support has reduced in the
year from 57% to 51% as we have managed to somewhat maintain the level in a client environment of
increasing complexity. Within the sector we have a strict definition of planned departures and most
unplanned departure clients are supported into other accommodation.
The actual number of planned departuresfrom low/medium support. often to Social Housin& has fallen a little
from 49 to 43 and the percentage of planned departures has risen from 62% to 66%. Notwithstanding the
client environment of increasing complexity, we seek to improve these figures with our dedicated
Resettlement Manager, together with the receipt of sufficient grant funding to finance these moves.
Voluntary staff turnover has reduced signÉficantly. We have intrOdU￿d additional staff well-being measures.
Health and Safety perfomiance remains very high, and our maintenance response times are strong at lOO%
for emergency tasks. We have a stable and well led maintenan￿ Team who have the capability to continue
this improvement.
Page 11

Turning Tides Homelessness R e p o rt s and Financial Statements
for the Year Ended 31 March 2025
Future Plans
Our core strategy remains to follow the four ambitions set in 2019 (please refer to page 3). The financial
health and security of the Charity is a priority. W5th current levels of fundin& it is a major challenge to make
ends meet each year. This challenge increases with funding uncertainty and the increasing need for our
services as more people fall into homelessness. Short term funding {and lack of Housing Related Support
commissioned income, in particular) is an issue for us and the wider homelessness sertor.
A Board/Management strate￿ Daywas held in August 2024 to assess business risks. This provided a detailed
review of risks and how we can ensure a robust Business Plan which maintains reasonable reserve levels and
manages fluctuating income and retention/development of missional services. Board/Management Strategy
Day was held in February 2025 to review the Business Plan.
We are grateful to Worthing Homes to develop two supported housing schemes on our behalf. Skywaves is a
21 studio-flat high-support scheme and multi-agency hub. due to open in August 2025 and Clifton Road is a
13 studio-flat medium support housing scheme which opened in April 2025. We continue to explore other
property opportunities.
Our 8usiness Development Strategy also seeks to ensure services are sustainable, and key risks identified at
the earliest opportunity and mitigated. We worked hard to bring our existing housing stock up to a good
standard and meet the Decent Homes Standards. We received the results of an independent 30-year stock
condition survey and updated our asset management plans accordingly.
Supporting and investing in our dedicated Teams will also be paramount. In 2023124 we undertook an
employee Engagement Survey for staff, followed by staff survey conducted by an independent consultant for
Board/Senior Management Away Day November 2024. We are using the feedback to make improvements
and inform our Strategic Plans and review of our Values.
Turning Tides has a robust approach to compliance and internal controls. This yearwe delivered a full roll out
of our internal Quality Framework and Quality Reviews across all Operational Services: with an emphasis on
safety, compliance and best practice.
Page 12

Turning rides Homele$5ness R e p o r t s and Financial statements
forthe Year Ended 31 March 2025
Principal Risks and Uncertainties
Turning Tides has a formal risk management process to assess business risk and implement risk management
strategies. This involves identifyingthe type of risks we may face, prioritising them in terms of potential impatt
and likelihood of occurrence, and identifying the means of mitigating each potential risk. This analysis forms
the Risk Register. The Risk Register is reviewed on a regular basis by relevant members of the senior
ManagementTeam and the Board of Trustees. The Board of Trustees have responsibility for ensuring risks are
identified and appropriate mitigations are in place, as required by the Treatment Plans.
Turning rides recognise the role of robust KP15 and Organisational Plan together with the Risk Register in
mitigating risk. The Terms of Reference of the Finance and Audit Committee (a sub committee of the Board of
Trustees) include the detailed review of the KPIS. Organisational Plan and Risk Register on a quarterly basis.
The Charity actively reviews its key risks and how these can be mitigated. Significant risks are shown in the
table below:
Risk Action Plan
here is a risk that lack of capacity at
urning Tides will lead to failures in client
ervice delivery and the ability to deliver
he Organisational Plan. This could lead to
urther stress, attrition and lowerin8 of
taff engagement.
here is a risk that a high level of staff
urnover and absenteeism will lead to
ultural issues and adverse impact on
mployee engagernent.
omplete succession plannin& skills and
ornpetency assessment, competency
amework, capacity planning at projett level.
anagement development and systems and
rocess improvements.
ontinuou5 improvement in learning and
evelopment. Improved internal
ommunications and a refresh of organisation
alues.
here is a risk of cyber attacks and data
reaches which could lead to penalties
nd financial losses.
IT risk assessment and review.
here is a risk of missing opportunities for
brand expansion and enhanced
wareness of . Turning rides . in the local
ommunity and stakeholder engagement.
his may lead to a loss of fundraising and
upport forTurning rides.
rry out community engagement and an
wareness campaign. Review Communications
trategy including social media.
Page 13

Turning rides Homelessnes5 R e p o rt s and Financial Statements
for the Year Ended 31 March 2025
Financial Review
During 2024125 Financial YearTurningfides made a management accounting surplus of £397k which is better
than the budgeted surplus of £73k. Careful management of activity and expendtture continued.
The following table shows the reconciliation between statutory accounts and management accounting
financial perforniance.
Reconciliation
202
202
Management accounts surplus
est Hill, RavenscourtTrust and other smaller fund movernents
Depreciation and accounting adjustments
Net ststutorysurplus beforetransfers
io
(14
39
1291
{9
35
The Charity strives to make efficient use of its resources and has achieved an average occupancy level
(including maintenance void51 of 94% {2024: 93.8%). Bad debts were 1.4% (2024: 2.7%) of rent receivable
against a target of 2.5%.
Reserves Policy and Going Concem
The Charity aims to match income and expenditure year to year while maintaining a suitable level of cash
reserves. Having a Reserves Policy helps infomi the way in which a charity manages its cash, liquid assets and
debt. Free Reserves are defined to be cash held in current, deposit or fixed terrn investments that are not
already specifically committed or designated to a particular purpose or expense.
Reserves should be consistentwith ongoing activitiesand financial commitments such that reductions in andlor
loss of income streamsdo not have an immediate adverse impact on clients orstaff. This is particularly crucial
for Turning Tides a5 much of our funding from commissioners and trusts is short term. This can sometimes
produce an environment wherewe are empowered to support people for all too brief a period. and then have
to close a project. Consequently, we strive for reseryes which enable us to comrnit to ser41￿$ longer tem and
bring lasting change to the lives of clients.
Cash reserves also provide vital funding which allows us to l) respond in an agile manner to increased need
and 2) trial and deliver interventions the wider systems have failed to put in place.
The Reserves Policy contribute5 significantly to the Board's ability to balance the needs of current and future
clients, to provide supporters and stakeholders with assurances the Charity is well managed and it has, where
appropriate, a strategy for building up reseNes. The Reserves Poliry also assists when planning and explaining
our mission to supporters and stskeholders, and how it is vttalforusto retain resources, focusand energy. This
is because our mission is not simplyto maintain the delivery of our current SUPPOrt serrfices- we also need to
innovate• grow and develop services. systems and partnerships that can contribute towards the ending of local
homelessness.
In settingthe appropriate level of ReservestheTrustees have consideredthe following:
Forecast cashflow (tsking into account the reliability of each source of income and the
commitments associated with each source of expenditure)
Riskand likely changes in the main sources of income/ expenditure
Existing restricted and designated reserves along with expenditure plans / timescales
Future income streams with an assessment of their reliability
Commwtted expenditure and how farthis is controllable
The assessment of how to cope with changes in the main sources of income
Likely effects on the beneficiaries resulting from significant changes to income/cost
Page 14

Turning rides Homelessness R e p o rt s and Financial Ststements
forthe Year Ended 31 March 2025
New opportunities not in the Business Plan
The level of fixed assets, borrowing and loan repayment risk
Using the poliry described above Trustees. in collaboration with the Chief Executtve and Head of Finance, have
agreed the following thresholds:
inimum reserves level
udden1055 of fundingforone project
eneral loss of funding in one year
New opportunities not in Business Plan
otal
£200
£300
£250
£750
aximum reserves level
Doublethe minimum reserves level
(being approximately 3 months operating costs atthe time the policy was set)
£1,500
If reserves fall, or are forecast to fall, below the rninimum level agreed, the Trustees will work with the Chief
Executive and Senior Management Team to agree plans and drive attions which will replenish reserves to
above that minimum.
Conversely, if reserves rise above the maximum level agreed, the Trustees will support the Chief ExecutNe and
Senior Management Team to ensure the surplus is explicitly considered. Future plans will utilise the resource
to further the Charitrls aims. over a defined period, so reserves are brought back within the agreed range.
At the year end. totsl funds were £7,177k {2024: £6,818kl. Free reserves (cash less restricted and designated
reserves which are unrelated to Fixed Assets) arnounted to £1,562k (2024: £1,174k) which is at the top of the
agreed range and, therefore, we are well positioned to face a period with significant financial challenges
ahead.
Ravenscourt restricted funds are being utilised to fund a specific revenue expense over the following 10-15
years. Restricted funds received from Adur Furniture Network will be utilised if/when an appropriate
opportunity with long term, sustainable benefrt is identified.
Our accounts also show a designated fund associated with our property in East Grinstead (West Hill) which
has been used to help improve the building and support services offered to clients in the local area. The
remaining funds are likely to be utilised to refurbish the property.
Structure, Governance and Management
Turning rides is a registered Charity and is registered as a company limited by guarantee. Trustee members
are also Directors of the Company.
The governing documents of the Charity are its Mernorandum and Articles of Association. The latter was
updated in line with good practice in 2024.
There are currently 10 Trustees out of a maximum possible 12. Regarding recruitment of Trustees, when a
vacancy occurs the Board will take the opportunity to review the skills matrix of Trustees to identify skill sets
that would strengthen the Board's overall effectiveness. In addition. consideration is given as to whether
there is a need for any specrfic community or stakeholder group that needs to be represented by a new
Trustee.
Page 15

Turning rides Homelessness R e p o rt s and Financial Statements
for the Year Ended 31 March 2025
The Board and its sub committees will also conduct regular performance reviews and skills audit of
Trustees/Members. In October 2022 it condurted a Board Effectiveness RevTew. This found the Board was
broadly working well but would benefit from more lived experience and diverse membership. Since then the
Board has recrutted Trustees with a wider range of backgrounds including lived experience. A register of
Trustee skills audit is updated as new Trustees join the Board. Skills audit has similarly been undertaken for
the Finance and Audit Committee. and register will be updated on any new appointments.
The Board plan a governance review in the Autumn 2025 which will include a review of Committee structure.
The Trustee recruitment process isdesigned is to find candidates who are fully independentwith sultable skills
and experience. Positions are advertised widely, and Trustee recruitment will encourage a diversity in
applications, and that Irved experience is valued. Applicants undergo a structured interview process. There is
also client involvement in the interview process. The Board operates an equal opportunities recruitment
policy.
Induction infom)ation covering the role and responsibilities of Trustee5 are provided to the Trustees and
governance updates are provided as and when appropriate.
Trustees are all volunteers and receive no remuneration.
Trustees are required to disclose all relevant interests and register them with the Chief Executive and withdraw
from any decision making process where there is a conflict of interest.
The Board of Trustees is the goveming body of Turning rides and is responsible for all its artivities and affairs.
The operational running of the Charity is delegated to the Chief Executive and the Senior Management Team.
The Board meets as a full Board at least 4 times a year. The Charity benefits from 2 sub committees which
have been estsblished to overview key areas of activity. Each sub committee has clear terms of reference.
The Finance and Audit Committee meets at least 6tuiiesayear
The Remuneration Committee meets 2-3 times a year.
These sub committees report to the main Board at each main Board meeting. The Remuneration Committee
is tasked with reviewing the salaries of the Chief Executive and the Senior Management Team. The Committee
reviews the relative size of the roles and receives information on market comparisons through two
comprehensive surveys of local charity sector pay.
Public Benefit Statement
Turning rides, charitable objects are the relief of poverty through the provision of accommodation and advice
to those who find themselves homeless or at risk of homelessness. The services are provided across West
Sussex.
As a Charity with a Christian background and ethos, Turning rides provide service5 to any adult member of the
general public regardless of whether they have a personal faith in any religion or denomination or none.
Turning rides asks for no membership fees from individuals in order to benefit from assistance.
Page 16

Turning rides Homelessness R e p o rt s and Financial Statements
for the Year Ended 31 March 2025
Trustees, Responsibilities Statement
The Trustees (who are also the Dirertors of Tuming rides Homelessness for the purposes of Company Law)
are responsible for preparing the Trustee5' Report including the Strategic report and the financial statements
in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Prartice).
Company law requires the Trustees to prepare financial statements for each financial year which grve a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitsble company for that period. In preparing
these financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently
Obsenie the methods and principles of the CharFties SORP {FRS 102}
Make judgments and accounting estimates that are reasonable and prudent
State whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any
material departures disclosed and explained in the financial statements
Preparethe financial statements on the going concem basis, unless it is inappropriate to presumethat
the charity 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 company 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other
Irregularities.
Disclosure of Information to Auditors
Each individual Trustee, at the time when this Trustees, Report is approved, has confirmed:
So far as the Trustee is aware, there is no relevant audit information of which the charitable companvs
auditors are unaware, and
The Trustee has taken all steps that ought to have been taken as a Trustee to be aware of any relevant
audit information and to establish the charitable compan￿$ Auditors are aware of that information.
Approved by order of the members o
and signed on their behalf by:
the Board of Trustees on
Martin Quinn
Chair
Nicholas Beverley-Hedger
Chair of Finance & Audit Committee
Page 17

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TURNING TIDES HOMELESSNESS
Opinion
We have audited the financial statements of Tuming rides Homelessness {the 'charitable company,) for the
year ended 31 March 2025 which comprise the Statement of Financial Activtties, the Balance Sheet, the
Cash Flow Ststement and notes to the financial statements, including a summary of signfficant accounting
policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and
United Kingdom Accountin8 Standards (United ￿ngdoM Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources. including its income and expenditure, for the year then
ended:
have been properly prepared in accordan￿ with United Kingdom Generalty Accepted Accounting
Prartice; 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 (UK) IISAS (UK)) 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
charitable company in accordan￿ with the ethical requirements that a￿ 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.
Conclusions relating to going concern
In auditin8 the financial statements, we have conduded that the trustees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfornied, we have not identified any material Un￿rtaIntIeS relating to events
or conditions thaL individually or collectively, may cast significant doubt on the tharitable company's abilty
to continue as a going concern for a period of at least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the tnstees with respect to going concern are described in
the relevant sections of this report.
Other infomiation
The trustee5 are responsible for the other information. The other infonnation 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 firpncial statements does not cover the other infomiation and, except to the extent
otherwise explicitly stated in our report. we do not express any form of assurdnce 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
ststements or our knowledge obtsined in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether this gNes rise to a rnaterial mis>catement in the financial statements themselves. If, based on the
work we have performed. we conclude that there 15 a material misststement of this other info￿ation, we
are required to report that facL We have nothing to report in this regard.
Page 18

REPORT OF THE INDEPENDEKf AuDrroRS TO THE MEMBERS OF
TURNING TIDES HOMELESSNESS
Opinions on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the infonnation given in the Report of the Twstees for the financial year for which the financial
ststements are prepared is consistent with the financial statements; and
the Report of the Trustees has been p￿pared in accordance with applicable legal requirements.
Matters on which we are required to report by exoption
In the light of the knowledge and understanding of the charitable company and its environment obtained in
the course of the audiL we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the followin8 matters where the Companies Act 2006 requi￿5 us
to report to you if. in ouropinion:
adequate accounting records have not been kept or returns adequate for our audit have not been
ceived from branches not visited by us: or
the financial statements are not in agreement with the accounting records and returns: or
certain disclosu￿S of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees, Responsibilities Statsrnent. the trustees Iwho are also the directors
of the charitable company for the purposes of company law) 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 p￿parIng the financial statements. the trustees are responsible for assessing the charitable company's
ability to continue as a going concem, dtsclosin& as applicable. matter5 related to going concern and using
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company
or to cease operations. or have no realistic alternatNe but to do so.
Our responsibilities for the audit of the finanaal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error. and to issue a Report of the Independent
Auditors that includes our opinion. Reasonable assurdnce is a high level of assurance, but is not a
guarantee that an audit condutted in accordance with ISAS (UK) will always detett 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.
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed
below:
enquiry of management, those charged with governan￿ and the entity's solicttors around actual
and potential litigation and daims,"
enquiry of entty's staff to identify any inStar￿$ of non-complian￿ with laws and regulations;
reviewing minutes of meetings of those charged with governance;
reviewing financial statement disclosures and testing to supporting documentstion to assess
compliance with applicable lav￿ and regulations; and
auditing the risk of management override of controls including through testing journal entries and
other adjustments for appropriateness, and evaluating the business rationale of significant
transactions outside the nornial course of busines5.
e19

REpoirr OF ThE INDEPENDENT AUDITORS TO THE MEMBERS OF
TURNING TIDES HOMELESSNESS
A further description of our responsibilitie5 for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uvauditor5responsibilities. This description forms
part of our Report of the IndependentAuditor
Use of our report
This report is made solely to the charitsble companrfs members. as a body. in accordance with Chapter 3 of
Part 16 of the Companies Att 2(J)6. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are ￿QuIred to state to them in an auditors, report and
for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members as a body, for our audit
work, for this report, or forthe opinions we have formed.
Sarah Alexander FCCA FCA (Senior Statirtory Auditor)
for and on behalf of Lewis 8rownlee Ichichesterl Limited
Statutory Auditors
Appledram Barns
Birdham Road
Chichester
West Sussex
P020 7EQ
Date: ....
Page 20

TURNING TIDES HOMELESSNESS
srATEMENT OF FINANCIAL ACtIVlTIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOMEAND ENDOWMENTS FROM
Donation5 and legacies
512,363
512.363
487,721
Charitable activities
Byron, Manor, Roffey and Skywaves
Recovery Services
Move on Housing
Homelessness Services
Central
Fundraising events
Donated Goods & Volunteering
2.546,108
1,150,893
1,717,988
1,489,583
1,455
111.675
4,683
2,546,108
1.150,893
1,717,988
1,638,895
1,455
111,675
21,872
2,276,377
1,021,990
1,619,729
1,585,687
3,900
107,260
6,970
149,312
17,189
Investment income
16,673
16,673
15,553
Total
7,551,421
166,501
7,717,922
7,125,187
EXPENDITURE ON
Charitable artlvitie5
Byron, Manor, Roffey and Skywaves
Recovery Services
Move on Housing
Homelessness Services
Central
Fundraising events
Donated Goods & Volunteering
2.521,666
1,082,594
870,337
1,525,892
809,308
165,891
186,563
2,521,666
1.112.066
870.337
1,675,204
809,308
165,891
203,752
2,459,945
981,584
915,885
1,514,748
848,432
185,620
126,123
29.472
149,312
17,189
Total
7,162,251
195,973
7,358.224
7,032,337
NET INCOME/(EXPENDITURE)
389.170
(29,472)
359,698
92,850
RECONCILIATION OF FUNDS
Total funds brought forward
6.604.287
213,485
6,817,772
6,724,922
TOTAL FUNDS CARRIED FORWARD
6.993,457
184.013
7.177,470
6,817,772
The notes fcxrn part of these finarKial Stat￿nents
Page 21

TURNING TIDES HOMELESSNESS
BALANCE SHEEr
31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Restrirted
funds
Notes
FIXED ASSErs
Tangible assets
11 5,686.378
5.686,378
5,214,074
CURRENT ASSErs
Debtors
Investments
Cash at bank and in hand
12
13
910,787
128
1,696.837
910,787
128
1.880,850
733,982
128
1,416,570
184,013
2,607,752
184,0
2,791,765
CREDITORS
Amounts falling due within one year
2,150,680
14
1572,&88)
(572,888)
1491,783)
NET CURRENT ASSETS
2.034,864
184,0
2,218,877
1,658,897
TOTAL ASSETS LESS CURRENT LIABIUTIES
7.721.242
184,013
7,905.255
6,872,971
CREDITORS
Amounts falling due after more than one
year
15
1727,785)
1727,785)
{55,1991
NET ASSErs
6,993.457
184,013
7,177,470
6,817,772
FUNDS
Unrestritted funds
Restricted funds
17
6,993,457
184,013
6,604,287
213,485
TOTAL FUNDS
7.177,470
6,817,772
ancial statements were approved by the Board of Trustees and authorised for issue on
L<
and were signed on its behalf by:
Martin Quinn - Trustee
Nicholas Beverley-Hedger- Trustee
The notes ftjrm part of these financial strLanents
Pdge 22

TURNING TIDES HOMELESSNESS
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating artivities
Cash generated from operations
489,492
182,877
Net cash provided by operating attivities
489,492
182,877
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
(766.500)
16.673
(56,6871
15,553
Net cash used in investing activities
1749,827)
141,134)
Cash f lows from financing artivities
New loans in year
Loan repayments in year
750,01)0
(25,385)
(22,7201
Net cash provided by/lused inl financing activities
724,615
(22,7201
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
464,280
119,023
1,416,570
1,297,547
Cash and cash equivalents at the end
of the reporting period
IWO,850
1,416,570
The notes fc¥m part of thtse finanoal stat￿fients
Page 23

TURNING TIDES HOMELESSNESS
NOTES TO THE CASH FLOW sfATEMENr
FOR THE YEAR ENDED 31 MARCH 2025
RECONCILIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING AcnvmES
2025
2024
Net income for the reporting period las per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
Increase/ldecreasel in creditors
358,698
92,850
294,196
(16,673)
1176.805}
29,076
284,133
115,553)
1137,092)
141,4611
Net cash provided by operations
489.492
182,877
ANALYSIS OF CHANGES IN NEf FUNDS
At 114124
Cash flow
At 3113/25
Net cash
Cash at bank and in hand
1.416,570
464.280
1,880,850
1.416,570
464,280
1,880,850
Liquid resources
Deposits included in cash
Current asset investments
128
128
128
128
Debt
Debts falling due within l year
Debts falling due after l year
125.120)
120,212)
(45,332}
123.381) 1704A04) (727,785}
(48,501)
(724,616)
(773,117}
Total
1,368.197
(260,336)
1,107.861
The note5 f￿rn part of thse financial statwnents
Page 24

TURNING TIDES HOMELESSNESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
GENERAL INFORMATION
The company is a private company, limited by guarantee. incorporated in England and Wales wthin the United
Kingdom. In the event of the company being wound up. the liability is respert of guarantee is limited to £10
per member of the company.
ACCOUNTING POLICIES
Basis of preparing the financial staternents
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 'Accountin8 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 20191,, Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Compani•s Att 2006. The finanaal statements have been prepared under the historical cost convention.
Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors,
includin8 expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimate5 and assumptions:
Depreciation and useful economic life of properties - this requires an estimation of the useful economic lives of
properties {which are based on surveyors, reports when available) and an estimate of land apportionment at
each site.
The charity makes estimates and assumptions concerning the future. The resultin8 accountin8 estimates will,
by definition, seldom equal the related actual results.
Income
All income is recognised in the Statement of Finanaal Activities once the charity has entitlement to the funds,
it 15 probable that the income will be received and the amount can be measured reliablv.
The recognition of income from legacies is dependent on establishing entitlemenL the probability of receipt
and the ability to estimate with sufficient accurary the amount re￿1Vable. Evidence of entitlement to a
legacy exists when the charity has sufficient evidence that a gift has been left to them Ithrough knowledge of
the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in
question will not be required to satisfy claims in the estate. Receipt of a le8acy must be recognised when it is
probable that it will be received and the fair value of the amount receivable, which will generally be the
experted cash amount to be distributed to the charity, can be reliably measured.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income
recelved for specific purposes but not expended during the period is shown in the relevant funds on the
Balance Sheet. Where income is received in advance of entitlement of receipL its recognition is deferred and
included in creditors as deferred income. Where entitlement occurs before income is received. the incorne is
accrued.
Gifts in kind are included at valuation and recognised as income when they are distributed to the projects.
Gifts donated for resale are included as income when they are 501d.
Income tax recoverable is relation to donations received under Gift Aid or deeds of covenant is recogni5ed at
the time of the donation.
Page 25
continued...

TURNING nDES HOMELESSNESS
NOTES TO THE FINANaAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POUCIES- continued
Expendtture
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 conslstent with the
use of resources.
Dirert costs attributable to a single activity are allocated directly to that activity- Shared costs which wntribute
to more than one activity and support costs which ai e not attributable to a single activity are apportioned
between those activities on a basis consistent with the use of resources. Central staff costs are allocated on
the basis of dirert staff cost at each projett.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of
disseminating information in support of the charitable activities. Support costs are those costs incurred directly
in support of expenditure on the objects of the company and include projert management carried out at
Headquarters.
Costs of generatin8 funds are costs incurred in attractin8 voluntary income, and those incurred in tradin8
activities that raise funds.
Governance costs are those incurred in connectlon viith adminlstration of the company and compliance with
constitutional and statutory requirements.
Expenditure on charltable artNities is incurred on directly undertaking the activities which further the charity's
oblectlves. as well as any associated 5UPPOrt costs.
All expenditure is inclusive of irrecoverable VAT.
Interest rtteivable
Interest on fund5 held on deposit is included when receivable and the amount can be measured reliably by the
charity; this is normally upon notification of the interest paid or payable by the institution with whom the
funds are deposited.
Tangible fixed assets
The charity only capitalises major capital expenditure relating to the construction or extensive refurbishment
of property and the purchase of vehicles.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the
carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets
and their recoverable amounts are recognised as impaiments. Impairment losses are recognised in the
Statement of Financial Activities.
Tangible fixed assets are carried at cost, net of depreciation and any provision for irnpairment. Depreciation is
provided at rates calculated to write off the cost of fixed assets. less their estimated residual value. over their
expected useful lives.
Depreciation is provided on the following bases=
Freehold property
Freehold land
Option to Buv
Motor vehicles
Building improvements to leasehold properties
- 2% Straight line
- not depreciated
- 2.5% straight line
- 25% straight line
- 33.3% straight line
Page 26
continued...

TURNING TIDES HOMELESSNE55
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POUCIES- continued
Taxation
The charity is exempt from corporation tsx on its charitable artivities.
Fund accountin8
Unrestricted funds can be used in accordance with the charrtable objectives at the discretion of the trustees.
Designated funds comprise unrestrirted fvnds that have been Set aside by the trustees for particular purposes.
Restrirted 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.
Penslon 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 Artivities in the period to
which they relate.
Investments
Asset investments are a form of financial instrument and are initially recognised at their transaction cost and
subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably
In which case it is measured at cost less impairment. Investment gains and losses, whether realised or
unrealised, are combined and presented as 'GainsllLosses} on investrnents, in the Statement of Financial
Activities.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued atthe amount prepaid net of any trade discounts due.
Cash bank and in hand
Cash at bank and in hand includes cash and short-tem highly liquid investments with a short maturity of three
months or less from the date of acquisition or opening of the deposit or similar account
Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past event, it is
probable that a transfer of economic benefit will be required in setdement. and the amount of the settlement
can be estimated reliably.
Liabilities are reco8nised at the amount that the charity anticipates it will pay to settle the debt or the amount
it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the
effect of the time value of money 15 material, the provision is based on the present value of those amounts,
discounted at the pre-tax discount rate that reflects the risk specific to the liability- The unwinding discount is
recognised in the Ststement of Financial Actiwties as a finance cost.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlemènt value with the exception of bank loans which are subsequently measured at amortised cost using
the effective interest method.
Page 27
continued...

TURNING TIDES HOMELESSNESS
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
DONATIONS AND LEGACIES
2025
2024
Donations
Legacies
419.925
92,438
484,723
2,998
512,363
487,721
INVEsfMENT INCOME
2025
2024
Deposit account interest
16,673
15.553
INCOME FROM CHARrrABLE ACTWMES
Byron.
Manor.
Roffey and
Skywaves
Recovery
Servifes
Move on Homelessness
Housing
Services
Housing Benefit
Housing Support Sejvices
SerNice Charge
Grants
Fundraising Events
Charitable Trusts
Other income
2,120,639
235,932
115,995
60.962
719,245
364,336
41,812
4,165
IM47.922
7.701
147,932
99,504
1.514,617
21,335
22,630
113,882
2,670
2,546,108
1.150,893
1,717,988
1,638,895
2025
2024
Donated
Fundraising
Goods &
events Volunteering
Total
artivities
Total
activities
Centrdl
Housing Benefit
Housing Support Services
Service Charge
Grants
Fundraising.Events
Charitable Trusts
Other income
4,287,806
607,969
305,764
1,702.575
111,675
170,427
2,670
3,936,267
594,631
289.831
1.562,342
107,260
128,212
3,370
IA55
21.872
111.675
1,455
111,675
21.872
7,188,886
6,621,913
Grants received, included in the above. are as follows:
2025
2024
Other grants
1,687.682
1,562,342
Page 28
continued...

TURNING TIDES HOMELESSNESS
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
CHARITABLE AcrwmES cosrs
Direct Support costs
Costs
(see note 71
2025
Totals
2024
Totals
Byron, Manor. Roffey and sk￿3ve$
Recovery Services
Move on Housin8
Homelessness Semces
Central
Fundraising events
Donated Goods & Volunteering
2.408,425
1.051,770
802,984
1.542,666
802,610
139,632
187,725
113,241
60,296
67,353
132,538
6,698
26,259
16,027
2,521,666
I.1￿,066
870,337
1,675,204
809.308
165.891
203,752
2,459,945
981,584
915,885
1.514.748
848,432
185,620
126,123
6.935,812
422.412
7,358,224
7,032,337
SUPPORT Cosrs
Governance
costs
2025
costs
2024
costs
Management
Byron, Manor, Roffey and Skywaves
Recovery Servlces
Move on Housing
Homelessness Services
Central
Fundraising events
Donated Goods & Volunteering
Tl.816
38,909
41,689
91,711
35.425
21.387
25.664
40,827
6.698
9,584
4.910
113,241
60,296
67,353
132,538
6,698
26,259
16,027
113,241
60,296
67,353
132,538
6.698
26,259
16,027
16.675
11.117
277,917
144.495
421412
422.412
Included in governance costs is audttor's remuneration of £15,Ci)012024: £12,000}.
NEf INCOMEIIEXPENDrruRE)
Net income/lexpenditurel is stated after ChargIn￿{creditIngl.
2025
2024
Depreciation - owned assets
294.196
284.133
TRUSTEE5' REMUNERATION AND BENEFrrs
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year
ended 31 March 2024.
TnAStees' expenses
There were no trustees, expenses paid for the year ended 31 March 202S nor for the year ended
31 March 2024.
Page 29
continued...

TURNING TIDES HOMELESSNESS
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
io.
STAFF C05rs
2025
2024
Wages and salaries
Social security costs
Other pension costs
4.239.034
385.574
92.033
4.015,661
353,006
89.824
4,716.641
4,458.491
The average monthly number of employees durin8 the year was as follows-
2025
166
2024
166
Total
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000
was:
2025
2024
£70,001- £80.000
Remuneration and benefits received by key management personnel amounted to £138,15812024.' £109,766).
TANGIBLE FIXED ASSErs
ii.
Freehold
property
Improvernents
to property
Motor
vehi£les
Land
Totals
COST
At l April 2024
Additions
Dispo•als
5318,347
562.500
977,124
187,SLX)
437,995
147,351
16,500
(10,6681
6,880,817
766,500
(10,6681
At 31 March 2025
5.880.847
1,164.624
437,995
153,183
7,636,649
DEPRECIATION
At l April 2024
Charge for year
Eliminated on disposal
1374.658
109.946
184,833
157.505
107.252
26.745
110,668)
1,666,743
294.196
110,668)
At 31 March 2025
1.484,604
342.338
123.329
1.950,271
NEf BOOK VALUE
At 31 March 2025
4.396,243
1,164,624
95.657
29,854
5.686,378
At 31 March 2024
3,943.689
977.124
253.162
40,099
5,214,074
Included in cost or valuation of land and buildings is freehold land of £1,164.62412024 - £977.1241 which is not
depreciated.
The properties at West Hill Grinstead, being numbers 20. 22 and 24 are held at valuation at the date that the
properties were tranSfer￿d to the charity.
Page 30
continued...

TURNING TIDES HOMELESSNESS
NOTES TO ThE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
12.
DEBTORS
2025
2024
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
540,982
17,425
168.130
404,428
10.971
129.333
726,537
544,732
Amounts fallin8 due after more than one year:
Other debtors
184,250
189.250
Aggregate amounts
910.787
733,982
The lease premium held on Burgess Hill was surrendered and replaced with a management agreement giving
the charity the right to manage the property for a period of up to 40 years for a maximum of £210,000. This
will be amortised within the statement of financial activities across the 40 year period.
CURRENT ASSET INVESTMENTS
13.
2025
2024
Listed investments
128
128
The market value of listed investments at 31 March 2025 was £12812024: £128}.
14.
CREDITORS: AMouKfs FALLING DUE WITHIN ONE YEAR
2025
2024
Bank loafjs and overdrafts (see note 16}
Other loans (see note 161
Trade creditors
Other creditors
Accruals and deferred income
23,916
21.416
133,377
22,065
372,114
25,120
108,208
18,982
339.473
5n.888
491,783
Deferred income arise5 from grants received in the finanaal year that also relate to subsequent financial years.
At 31 March 2025 totsl deferred income was £2S1,5￿(2024. £215,360).
Page 31
continued...

TURNING TIDES HOMELESSNESS
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
Is.
CREDITORS: AMOUKFS FALLING DUE A￿R MORE THAIN ONE YEAR
2025
2024
Bank loans {see note 16)
Other loans Isee note 16)
Accruals and deferred income
23,381
727.785
31.818
727,785
55.199
16.
LOANS
An analysis of the maturity of loans is given below:
2025
2024
Amounts falling due within oneyear on demand:
Bank loans
Other loans
23,916
21,416
25,120
45,332
25,120
Amounts falling between one and two years:
Other loans - 1-2 years
23.815
Amounts falling due betsveen two and fNe years:
Bank loans - 2-5 years
Other loans - 2-5 years
23,381
74,367
74.367
23.381
Amounts falling due in more than five years:
Repayable by instalments-
Other loans more 5yrs instal
629,603
The bank loan is a commercial mortgage. The commeraal mortgage is secured by way of a fixed legal charge
dated 22 September 2006 over the freehold property known as 14-16 Selden Road. Worthing, West Sussex,
8NII 2LL. The bank loan 15 repayable over a 20 year term at an interest rate of 1.25% above base rate.
The other loan is loan facility agreement with St Andrew< TrusL The loan is secured by way of a fixed legal
charge dated 21 February 2025 over the freehold property known as 21 Victoria Road. Worthing. BNII IXB.
The loan is repayable over a 25 year tem at an interest rate of 2% per annum.
Page 32
conttnued...

TURNING TIDES HOMELESSNESS
NOTES TO THE FINANCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS
Net
movement
in fvnds
Transfers
between
funds
At 114124
At 3V3125
Unrestricted funds
General fund
Designated fund - West Hill, East
Grinstead
Designated fund - PRS and Personalisation
Budget
Building maintenance fijnd
6.575.317
389.170
1105.482)
6,859.005
21,524
21,524
105.482
105,482
6,604.287
389.170
6,993.457
Restricted funds
Adur Furniture Network
Ravenscourt
154,387
S9,098
154,387
29,626
129,472)
213,485
(29,472}
184,0
TOTAL FUNDS
6,817.7n
359.698
7.ITI,470
Net movement in funds, Included in the above are asfollows:
Incoming
resourtes
Resources
expended
Movement
in fvnds
Unrestricted funds
General fund
7.551.421
(7.162,251}
389.170
Restrirted funds
The Big Lottery funding
Ravenscourt
166.501
(166,501)
(29.472)
{29,47ZI
166,501
(195.973)
(29,472)
TOTAL FUNDS
7,717,922
(7,358.224)
359,698
Page 33
continued...

TURNING TIDES HOMELESSNESS
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMEKf IN FUNDS - continued
Comparatives for movement in fvnds
Net
movement
in funds
Transfers
between
funds
At 114123
At 3113124
Unrestrirted fvnds
General fund
Designated fund - West Hill. East
Grinstead
Designated fund- PRS and Personalisation
Budget
5,313.171
107.146
1.155,000
6,575.317
21.524
21,524
7.446
5,342.141
107,146
1,155,iJfXI
Restricted funds
WSCC PHE Capital Funding Scheme
Adur Furniture Network
Ravenscourt
6.604,287
1,155.000
154.387
73.394
11,155.000}
154,387
59,098
{14,296)
1,382.781
114,296) 11,155.0001
213,485
TOTAL FUNDS
6,724.922
92,850
6,817,772
Comparative net m(Ivement in funds. included in the abr)ve are as follows:
Incomlng
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
6.981,665
16,874.5191
107,146
Restrirted funds
The Big Lotteryfunding
Ravenscourt
143,522
1143.5221
114,2961
114,2961
143,522
{157.818)
114,2961
TOTAL FUNDS
7.1?.5,187
{7,032.3371
92.850
Page 34
continued...

TURNING TIDES HOMELESSNESS
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR ThE YEAR ENDED 31 MARCII 2025
17.
MOVEME￿ IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follow5:
Net
movement
in funds
Transfers
between
funds
At 1/4123
At 3113125
Unre#ricted funds
General fund
Designated fund - West Hill, East
Grinstead
Oe5ignated fund - PRS and Personalisation
Budget
Building Maintenan￿ fvnd
5.313,171
496,316
1,049,518
6,859,1)05
21,524
21.524
7.446
7,446
105,482
105,482
5,342,141
496.316
1.155,000
6,993,457
Restrirted funds
WSCC PHE Capital Funding Scheme
Adur Furniture Network
Ravenscourt
1,155,000
154,387
73.394
11.155,0001
154.387
29,626
143.768}
1,382,781
143.7681 11,155,OWI
184,013
TOTAL FUNDS
6,724,922
452.548
7.177,470
A current year 12 months and prior year 12 months combined net movement in funds, included in the above
are as follows:
Incoming
resources
Resources
expended
Movement
In funds
Unrestrirted funds
General fund
14,533,086
114,036,770)
496,316
Restrirted funds
The Big Lotteryfundin8
Ravenscourt
310,023
1310,0231
143,7681
143,7681
310.023
{353.7911
143.7681
TOTAL FUNDS
14,843.109
{14,390,5611
452,548
Designated Funds
West Hill
Following the acquisition of the Richard Housing Association the charity has decided to designate the value of
cash held and the investments at the date of transfer, together with an amount equal to the Social Housing
Grant, for the use in relation to West Hill. East Grinstead.
Page 35
continued...

TURNING TIDES HOMELESSNESS
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCII 2025
17.
MOVEMENT IN FUNDS- continued
PRS and Personalisation Budget
Funding relating to Private Rented Sector and Personlisation retained for the continuation of our work in these
areas.
Building maintenance
Funding set aside for planned building projerts.
Restrirted funds
WSCC PHE Capital Funding Scheme
The Trustees have reviewed the terms of the grant funding provided by West Sussex County Council and have
agreed that these funds are not restrirted and the balance held has been transferred to unrestrirted reserves.
The Big Lottery fund
Funding has been received for the Reaching Communities programme at St Clare's Community Hub and for the
Littlehampton Community Hub.
Adur Furnlture Network
The Adur Furniture Ne￿Ork Fund shall be used by the charity to support low income Adur residents to 5UStain
their independence and ensure suitable housin&
Ravenscourt
To enable group working within the Worthing Recovery Project through the refurbishment of a group working
space and the employinent (rf a dedicated Group Worker.
CONTINGENT LIABILITIES
In the event of the disposal of the property at West Hill. East Grinstead, there may be a requirement to repay
the value of the Social Housing Grant being £186,000, which was awarded to the charity on purchase of the
property.
West Sussex County Council provided funding under its PHE Capitsl Funding Scheme to assist with the
purchase of certain properties. Under the temis of the grant agreements there is a potential liability to repay
each of the grants if the properties are disposed of within ten years of the 8rant bein8 prowded. The final ten
year period comes to an end on 26 April 2027.
19.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 36