Turnaround Bristol Trustees, Report Period ended 31 March 2025 Report and Financial Statements for Turnaround Bristol st Period ended 31 March 2025 Turnaround Bristol Sanctuary, Empowerment, Life Registered Charity Number 1206817 Turnaround Bristol Trustees, Report Period ended 31 March 2025 Page Trustees, Annual Report 14 Structure, Governance and Management Reference and Administration Information Chair's Statement Independent Examiner's Report Statement of Financial Activities Balance Sheet io Notes to the accounts 11-17 Turnaround Bristol Trustees, Report Yearended 31 March 2025 Trustees, Annual Report Our work Turnaround Bristol journeys alongside and offers compassionate, practical support to people experiencing homelessness and those who are vulnerable, with a vision to.. See o city where people can live life to the full, in stable uccommodution, never to be homeless agoin. The charity came irbto being in February 2024 and took over the work of the former Bristol Methodist Centre in June 2024. The Bristol Methodist Centre had been in operation, in one form or another, for over 100 years at the time of the operation being taken over by the new charity. There is therefore a significant legacy of supporting people experiencing homelessness in the city. Turnaround Bristol operates from a spacious day-centre in the Lawrence Hill area of the city, where it offers guests the opportunity not only to receive hospitality and essential help like food and dry clothing, but also to engage with the support and advice that they need to develop their own pathways to independence and freedom from homelessness. Duringtheyearthe Centrewas open on Mondaysto Wednesdaysfrom 10.00am to 3.00pm, and on Thursdays from 1.15pm to 3.1X)pm. It welcomes all adults without need for referral or registration and offers.. Hot food and drinks Clothing Laundry Showers Computer access Charging stations and internet Lockers /0 Postal address Occasional health clinics Dog kennels Pastoral support Art room Games room Chapel / Chaplaincy Garden Signposting Every Euest is treated as an individual and offered support on a case-by-case basis. This often involves support with benefits, PIP claims and housing applications. One-stop-shop A key development this year was the establishment of the "One-stop-shop" on Tuesdays. Prior to this initiative taking shape, the team might advise a guest to seek help from an agency. They would make them an appointment and provide directions to Eet there but inevitably a signilicant number of appointments failed to take place. Since November 2024, representatives of partner agencies have come to the Centre and met with guests on a "no appointment needed" basis improving outcomes significantly. Turnaround Bristol Trustees, Report Period ended 31 March 2025 Our One-stop-shop partners= Sirona Health.. supporting guests who are experiencing homelessness and challenges with their health. Sirona triages guests and can direct them for referrals as well as providing immediate support and minor treatment Private Rentin Team.. offering support and advice for people accessing private accommodation WRAMAS (Welfare Rights And Money Advice Service).. providing support and advice in the area of benefits and welfare. including Universal Credit. ESA, Housing Benefit and PIP Move In Moveon Move U offering one-to-one support for training, volunteering and employment The Homeless Health Team NHS '. providing vaccinations and targeted programmes such as Hepatitis C/liver health awareness and treatment St Mun o's= providing one-to-one support to those suffering from homelessness across the city with designated support workers and assessment for referrals to SWEP (Severe Weather Emergency Protocol) accommodation POhWER.' providing advocacy services in meetings, doctor'5 appointments, and housing where individuals may struggle to voice their own needs SWEP During the winter (November 2024-March 20251 the Turnaround Centre acted as a SWEP (Severe Weather Emergency Protocol) provider with 18 beds available. After the day-centre closed for the day, the team set up a "pop-up hostel" with camp-beds. Turnaround volunteers greeted and settled guests and agency staff provided overnight wakin8 SUPPOrt. Turnaround participated in SWEP on 13 nights during the season, providing accommodation for between 7 and 11 guests on each occasion. Our people The Centre is run by a small team of employed staff12.8 FTEI and around 12 volunteers. As well as offering hospitality and helping guests to access the services outlined above, they spend time with guests, getting to know them and developing relationships of trust. Our team is diverse, including people of different ages and backgrounds, and individuals with lived experience. As a result, guests have confidence that their experiences and needs are met with understanding and empathy. Preparing to open longer hours A key part of the Turnaround strategy 15 to close gaps in service provision across the City. As a first Step towards more joined up provision, trustees and staff have put time and energy into preparing to open for 4 days each week from Easter 2025. After considering the needs of the work, and the financial implications of increasing staff hours, the charity went through a recruitment cycle in the months running up to the end of the financial year. Looking ahead Another major strand in the charity's vision is to improve the facilities at the centre. In November 2024 a planning application was submitted to Bristol City Council for the following works at the Centre.. Provision of 5 self-contained housing units to be used as'move-on, accommodation for clients Significant improvement5 to the kitchen ond for storage Provision of additional and improved office accommodation to allow for more flexible support services for clients Turnaround Bristol Trustees, Report Yearended 31 March 2025 Planning permission for the works was granted in February 2025, and a project team has been put in place since then to progress the procurement of a building contractor to complete the work, and to secure the capital funds needed. We are expecting the work to commence onsite during the spring / summer of 2026, and hope that completion will be achieved by the end of 2026 1 early 2027. This is a major step forward for the charity and will both improve the services provided to clients, arbd significantly increase the contribution that the charity makes to supporhng homelessness across the city. Our impart Over the 9 months since Turnaround Bristol took over responsibility for the day-centre until the end of the financial year, we provided.. 2,473 breakfa5t5 7,595 main meals 885 showers 504 loads of laundry 954 sets of clothing 1,799 sessions of computer use During the period February 2024 - March 2025 (during the lirst four months of which the project was under the ownership of the Methodist Church).. 75 Individuals were assisted to move into accommodation, against a target 30 (including emergency, temporary accommodation and private letting) Turnaround made 435 referrals to partner agencies Our team provided 591 one-to-one emergency support sessions that lead to positive outcomes for our guests, against a target of 70. Support sessions addressed issues includin8 benefits, housing, health and signposting to additional sUPPOrt. Review of the charity's financial position at the end of the reporting period Turnaround Bristol, like most charities working in the homelessness sector, is largely dependent on voluntary funds. The charity has a historic ￿latiOnship with the Methodist Church. When the charity was established, it took over the running of an existing project together with a healthy balance of funds designated for that project. The charity has been successful in maintaining a positive relationship with individual supporters and Methodist Churches in the Bristol region, so that a significant proporhon of our income comes from donations made by them. In addition, we have engaged the services of a fundraising consultant and received funds from grant making trusts. As a new charity, we have also benefited from the support of Bristol City Council who made a grant of £71,096 as part of their Rough Sleeping Initiative. These income sources have enabled the new charity to come through its first financial year in good financial shape. The charity's income for the period was £392,623 and expenditure was £169,540. Unrestricted funds at the end of the year were £150.563. and restricted funds £72.520. meaninE total reserves at the end of the period were £223,083. Since this is the first reporhng period for Turnaround Bristol, there are no previous financial statements with which to compare these figures. Reserves pollcy 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. Reserves at the end of the year were £65,563 which represents approximately 3 months anticipated expenditure. As the charity is raising Turnaround Bristol Trustees, Report Yearended 31 March 2025 funds towards a projected building redevelopment, funds in excess of healthy reserves may be considered towards this project. Overall, this is a healthy financial end to the first year operating as a charity. With Thanks Turnaround Bristol Partners Bristol Homeless Forum Sirona Health Bristol City Council Private Renting Team WRAMAS Iwelfare Rights and Money Advice Service) Move In, Move On, Move Up NHS Homeless Health Team St Mun80'S POhWER inHope BOSH Calvary Chapel Turnaround Bristol is particularly grateful for financial support provided by the following people and Trusts.. All Saint's Church Compton Greenfield Alveston Local Historical Society Bower Choir Bristol City Council Calvary Chapel Christ Church Tetbury Churches and Members of the Bristol and South Gloucestershire Methodist Circuit Churches and Members of the Bristol Methodist District Coventry Building Society Glastonbury Festival Henleaze Ladies, Choir Royal Mail Serengeti Brass Band The Gibbs Trust The Four Winds Trust The Church of God 7, Day Turnaround Bristol Trustees, Report Period ended 31 March 2025 Structure, Governance and Management Charitable Status Turnaround Bristol is a CIO Inumber 12068171 registered on I" February 2024. Charitsble Objects The objects of the CIO are the advancement of the Christian religion and the prevention or relief of poverty and sickness of individuals who are in need, in particular (but not limited tol by reason of homelessness or living in adverse housing conditions through (but not exclusively).. a. the provision of drop-in services to meet basic needs and to support beneficiaries to sustain or improve their accommodation, to benefit from education and training opportunities and to enable them to transition to the next stage of their life, thrive and fullil their potential,. the provision of a temporary shelter and move-on accommodation; and/or partnership working with other individuals and organisations in the homelessness sector in Bristol. Trustees The charity trustees meet at least four times a year to discuss and review the work of the charity. New trustees are appointed by resolution at a meetin8 of the remainin8 trustees. A maximum of two charity trustees may be nominated by the Bristol and South Gloucestershire Circuit of the Methodist Church (registered charity number 11502951. The appointment of nominated trustees is subject to the approval of the charity trustees. New trustees are required to gain an understanding of the work of the charity, its history, ethos and administrative practices, and an awareness of their ￿sponsibl11tY as trustees. The Chair of trustees is responsible for their induthon. Risk Management The trustees have reviewed the major risks to the charity and there are systems in place to manage them. Turnaround Bristol Trustees, Report Yearended 31 March 2025 Reference and Administration Information Trustees Andrew Street Ichair appointed l February 20241 Simon Allen (appointed l February 20241 Marcus Baxter lappointed l February 20241 John Hayes lappointed 25 June 20241 Olutomi Osibanjo lappointed 25 March 20241 Naomi Sharp (appointed l February 20241 stsff Ross leffery Chris Keegan Tina Coles Paul Buck Manager Assistant Manager Support Worker Chef Accountants and Independent Examiner Burton Sweet Limited, The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 IUR Bankers The Cooperative Bank, l Balloon Street, Manchester, M4 4BE Unity Trust Bank, 4 Brindley Place, Birmingham, Bl 2JB Registered Office Turnaround Bristol Bristol Methodist Centre Lincoln Street Bristol 855 OBJ Telephone.. 0117 9555 606 Turnaround Bristol Trustees, Report Period ended 31 March 2025 A message from the Chair of Trustees It is a joy and privilege to be able to share a message with readers of this, our first Annual Report for Turnaround Bristol. We took over the operation in June 2024 following 18 months of very constructive discussion and negotiation with the Methodist Church at local (Circuit) and national level. It is remarkable to note that the Bristol Methodist Centre, as it had been before it was taken over by the new charity, had been in operation for over 100 years. What a remarkable legacy, and one that we are very proud to inherit and take forward. We are committed to retaining our strong links to the Methodist Church, and we seek to build a wider relationship with the wider church community, and other partners across the city and surrounding region. We are excited about the future of the charity as we seek to maintain and build financial stability and increase the impact of the work we do. We see this being most effectively achieved through partnership and collaboration, and over the first g months of the charity's involvement we have seen this grow significantly. We're parkncularly excited to be looking at major building works commencing in 2026 that will significantly increase the reach and impact of the work we do, in partnership with others. l also recognise that we long for a city where homelessness is not such a major issue as it currently is. Our stated vision is to 'See a city where people con live life to the full, in stable accommodation, rjever to be homeless again,. We want that not just for the client5 we directly, and indirectly work with, but for all those experiencing homelessness in the city. In addition to expressing my gratitude to the staff team and volunteers I'd also like to thank my fellow trustees for all they have given to governing the charity over this lirst 9 months. And lastly, I'd like to thank all those organisations, churches and people who have supported us so generously in linancial and other ways. Jknc4 Andy Street- Chair of Trustees 24 October 2025 Turnaround Bristol Independent Examiner's Report Period ended 31 March 2025 I report to the trustees on my examination of the accounts of Turnaround Bristol Ithe Charity) for the period ended 31 March 2025. Responsibilities and basis of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in atcordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Inshtute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the Act,. or the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Joshua N Kingston BSC., ACA Burton Sweet Limited Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 IUR Date. 24 October 2025 TURNAROUND BRISTOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2025 Unrestricted Rostricted Funds Funds Totsl Funds 2025 Note Income from: Donations and legacies Investments 207,430 1,355 183,838 391,268 1,355 Total income 208,785 183,838 392,623 Expenditure on.. Raising funds Charitable activities 6,018 70,628 6,018 163,522 92,894 Total expenditure 76,646 92,894 169,540 Net Incomellexpendlturel 132,139 90,944 223,083 Transfers between fund5 18,424 118,4241 Net movement In funds 150,563 72,520 223,083 Total funds at start of year 11 Total funds at end of year 11 1 $0,563 72,520 223,083 The Charity has no recognised gains or losses other than the results for the year as sel out above. All of the activities of the charity are classed as continuing. The notes on paggs 11 to 17 fomi part of thgso financial statements TURNAROUND BRISTOL BALANCE SHEET AS AT 31 MARCH 2025 2025 Note Flxed assets Tangible assets 18,424 18,424 Current assets Debtors Cash at bank and in hand 7,070 208,529 215,599 Liabilities Creditors .' amounts falling due within one year Net current assets 10 110,9401 204,659 Total assets less current Ilabllltle8 204,659 Net assets 223,083 FUNDS Unrestricted funds General funds Designated funds Restrlcted funds 12 12 12 65,563 85,000 72,520 Total funds 223,083 These financial slalements were approved by the Trustees on 24 Odober 2025 and are signed on their behalf by.. Andrew Street Chair of Trustees The notes on pages 11 to 17 fomi part of these flnanclal statements 10 TURNAROUND BRISTOL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Acwunting policies Accounting convention The financial slalemenls have been prepared in accordance with the historical cost convention lexcepl for investments which have been included al fair value) and in accordan￿ with the Statement of Recommended Practice." Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Companies Act 2006, the Charities and Trustee Investment (Scollandl Act 2005, the Charities Accounts (Scollandl Regulations 2006 and UK Generally Accepted Practice as it applies from 1 January 2019. The charity is a public benefit entity as defined under FRS102. Going concern The Iruslees have given considerable thought lo the future funding of the charity. They are of the opinion that with the current funding and new grants already received that the charity should be able to continue for al least the next 12 months and into the forseeable future. The trustees are also Icx)king into expanding their Income base and maintaining light fiscal controls. Accordingly, the Trustees consider it appropriate for the Charity to continue to adopt the going concern basis in preparing ils financial slalements. Income Income from donations is included in income when these are receivable, except as follows.. l. When donors specify that donations given lo the charity musl be used in future accounting periods, the income is deferred until those periods., 11. When donors impose conditions which have lo be fulfilled before the charity becomes enlilled lo use such income, the income is deferred until the pre-conditions have been mel. Grants, including government grants are accounted for as receivable and are allocated lo Income from Donations and Legacies. Other grants which are received subject lo the charity providing a specific level of service are included within Income from Charitable Aclivilies. Investment income is included on a receivable basis. Donations in kind comprise donated services where the costs are measurable and the services would olhetwise have to be paid for lo maintain operationsl effectiveness. Expenditure Expenditure is recognised in the period in which il is incurred. Expenditure includes attributsble VAT which cannot be recovered. Raising funds Raising funds expenditure include those costs incurred in seeking voluntary contributions and other costs which include the costs of running and participating in fundraising events and collections. 11 TURNAROUND BRISTOL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Accounting policie8 (continued) Gov8mance costs Governall￿ costs include those costs associated with meeting the conslilulional and statutory requirements of the charity and include the audit fees and costs linked lo the Strat￿1¢ management of the charity. Governance costs are included within SUPF)Ort costs. Allocation and apportionment costs Certain expenditure is directly allributable lo specific activities and this has been included in those cost categories. Other costs, which are attributable lo more than one category, are apportioned across cost categories on the basis of an assessment of wort(load carried out from lime lo lime. Overhead support costs have been allocated between fundraising and charitable aclivilies. The apportionment has been allocated on the basis of usage and is analysed in note 3. Pension costs and other post-retirement benefits The charity conlribules lo defined contribution pension schemes. Contributions payable lo the charity's penson schemes are charged to the Slalement of Financial Activities in the period to which they relate. Fixod a$$gts Fixed assets are held al cost less accumulated depreciation. Assets costing less than £1,000 are not Depreciation is charged on assets al the followng rates.. Office equipment - 4 years straight line Depreciation will be charged on the building refurbishment On￿ it is complete. Debtors Debtors are initially measured al the selllement amount after any trade discounts. Subsequently they are measured al the value of the consideration expected lo be received. Cash Cssh balances represent cash and cash equivalents held with a malurily date of less than one year and are included al fair value. Creditors Creditors are measured at the settlement amount less any trade discounts. Fund accounting Unrestricted funds can be used in accordan￿ with the charitable objects al the discretion of the Iruslees. 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 reslricled purposes. Designated funds fom part of unreslricled funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any lime al the discretion of the Trustees. Further explanation of the nature and purpose of each fund is included in note 18 to the financial slalements. 12 TURNAROUND BRISTOL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Income from grants and donatlons Unrestricted Restricted Total Funds Funds Funds 2025 Grants received Donations received Gift aid refunds re￿iVed Gifts in kind 115,550 68,533 9,256 14,091 183,838 299,388 68,533 9,256 14,091 207,430 183,838 391,268 During the year, donations of £360 were received from Iruslees, key management and related parties. Gifts in kind includes gifts of food, and the provision of the use of Bristol Melhodisl Cenlre. Expendlture on Charltable actlvltles Total Funds 2025 Direct costs Salaries Employer's Nl costs Employer's pension costs Food costs Bedding and other costs Agency staff Support costs Advertising & Marketing Accountancy fees Independent examinerfs fees Consultsncy fees Maintenance and Cleaning Equipment Insurance Office expenses Legal and professional fees Heal and light Rent and rates (Bristol Melhodisl Centrel Staff costs 83,489 1,880 2,505 12,954 683 6,489 1,579 6,034 1,140 1,829 11,571 713 2,259 2,161 6,877 9,110 10,113 2,136 163,522 13 TURNAROUND BRISTOL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Governanco costs Total Funds 2025 Independent examinei's remuneration for independent examination accounts preparation 1,140 1,080 2,220 Net incomel{expenditurel for the year This is slated after charging.. 2025 Independent examiner's remuneration for independent examination accounts preparation Trustees. travel and Subsisten￿ expenses10 Irusleesl 1,140 1,080 No Trustee re￿iVed any remuneration during the year. Staff costs and numbers The aggregate payroll costs were.. 2025 Wages & salaries Social security costs Pension contributions 83,489 1,880 2,505 87,874 No employees re￿iVed employee benefits in eX￿sS of £60,000 during the year. The total employment benefits re￿iVed by key management personnel including employer's national insurance and employer's pension contributions were £36,557. The average weekly number of employees during the period was 5, calculated on the basis of average headcount. This equates lo the equivalent of 4 full-time employees. 14 TURNAROUND BRISTOL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Taxation The charity is exempl from corporation lax on its charitable aclivilies. Tangible fixed assets Building refurbishment Total Cost or valuation Al 1 February 2024 2024 Additions 18,424 18,424 Al 31 March 2025 18,424 18,424 Dgpreciation Al 1 June 2024 and 31 March 2025 Net book value Al 31 March 2025 18,424 18,424 Al 1 February 2024 Debtors 2025 Due in less than one year- Prepayments and accrued income Tax reclaimable under gift aid 304 6,766 7,070 10 Croditors: amounts falling due within one year 2025 Trade creditors Socisl security and other taxes Accruals and deferred income 1,540 1,658 7,742 10.940 TURNAROUND BRISTOL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 11 Movement in Funds For the year ended 31 March 2025 At 1 February 2024 At 31 March 2025 Incomg Exp9nditurg Transfgrs Rgstrictgd funds BCC Building fund Running costs- BCC Homelessness Prevention Methodist Church Reserve Morel Trust SWEP Funding Gibbs Trust Funding Volunteer Recruilmenl 32,500 32,863 71,096 29,000 2,000 9,779 2,000 4,600 118,4241 14,076 23,427 19,4361 {71,0961 29,000 12,0001 19,7791 11001 14831 1,900 4,117 183,838 92,894 18,424 72,520 Unrestricted funds General funds Designated funds Building fund 208,785 176,6461 166,5761 65,563 85,000 85,000 208,785 176,6461 18,424 150,563 Total funds 392,623 169,540 223,083 Fund de$¢riptions Restricted funds BCC Building fund funds received for the redevelopment of the building, including consultants, fees for design work, planning and surveys. BCC Running costs - funds received lo assist with day to day running expenses including staff costs, ulililies and food. Homelessness Prevention Grant - funds received lo assist with day to day running expenses including staff costs, utilities and f(xid. Methodist Church Reserve - funds received from the Melhodisl church lo be held against the possibility of the future failure of the charity, and liability for closedown costs. SWEP Fund funds to be used lo run the Severe Weather Emergency Protocol programme, including hire of agency staff, breakfast provisions, duly manager payments and utility costs. Morel Trust- funds received lo purchase food supplies. Gibbs Trust Funding - funds for staff training. Volunt￿r recruilmenl and training grant- funds for recruiting and training volunteers. Several transfers were made during the year.. £85,0(X) was transferred from General Funds to a new Designated Building Fund lo sel funds aside for the refurbishment project. £18,424 was transferred from the restricted BCC Building Fund lo General Funds lo cover the refurbishment expenditure. 16 TURNAROUND BRISTOL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 12 Analysis of ngt assets between funds Unrestrlcted Unrestrlcted Restricted Designated General Funds Funds Funds Total As at 31 March 2025 Tangible fixed assets Bank and cash Other nel assets 18,424 51,009 13,8701 18,424 208,529 13,8701 72,520 85,000 72,520 85,000 65,563 223,083 13 Related party transactions There are no transactions with Iruslees or other related parties other than tho* disclosed as required by the SORP elsewhere in the financial slalements. 17