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35,847 claims
Basic financial assets are initially measured at transaction price and subsequently carried at amortised cost.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial · Procedural statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 9
Investment property is initially recognized at cost and subsequently measured at fair value.
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date.
Financial · Procedural statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 9
Tangible fixed assets are initially measured at cost and subsequently at cost or valuation, net of depreciation.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Financial · Procedural statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 9
Expenditure is recognized when there is a legal or constructive obligation to transfer economic benefit.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Financial · Procedural statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 9
Income tax recoverable from donations under Gift Aid or deeds of covenant is recognized at the time of donation.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Financial · Procedural statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 8
Cash donations are recognized on receipt.
Cash donations are recognised on receipt.
Financial · Procedural statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 8
The charity's unrestricted funds totalled £55,379 as of December 31, 2024.
Funds brought forward 55,379 0 55,379
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 6
The charity's unrestricted net assets totalled £17,243 as of December 31, 2025.
Net Assets 17,243 0 17,243
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 7
The charity's unrestricted net current assets totalled £17,243 as of December 31, 2025.
Net Current Assets 17,243 0 17,243
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 7
The charity's unrestricted current assets totalled £18,143 as of December 31, 2025.
Cash at bank 18,143 0 18,143
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 7
The charity's total funds brought forward were £55,379 as of December 31, 2025.
Funds brought forward 55,379
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 7
The charity's net income was a loss of £38,136 in the year.
Net Income / (Expenditure) (38,136)
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 6
The charity's total charitable expenditure was £121,460 in the year.
Charitable activities 4 (61,638) (59,822) (121,460)
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 6
The charity's total unrestricted income was £83,324 in the year.
Total incoming resources during the year were £83,324 ( 2024: £179,807.)
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 4
The charity's unrestricted income from grants was £59,822 in the year.
grants 59,822 59,822
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 6
The charity's unrestricted income from donations and legacies was £23,502 in the year.
Donations and legacies 3 23,502 23,502
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 6
The charity's total funds carried forward were £17,243 as of December 31, 2025.
Total funds carried forward 17,243
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 6
The charity's unrestricted funds totalled £18,143 as of December 31, 2025.
Cash at bank 18,143 0 18,143
Financial · Metric statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 7
The charity's financial statements were approved by the trustees on October 1, 2026.
The financial statements were approved by the trustees on 1st October 2026
Governance · Procedural statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 7
The charity maintains reserves equivalent to at least three months of core running costs.
The charity's policy is to maintain reserves equivalent to at least 3 months of core running costs.
Financial · Policy statement · From Turning Corners — annual report and accounts, year ending 31 December 2025, page 4