THE ALAN TURING INSTITUTE

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Crowe UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the Trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. THE ALAN TURING INSTITUTE · parent
   1. Turing Innovations Limited 100% · England and Wales
   2. Quaisr Limited 1.08% · England and Wales · builds simulations and visualisations that incorporate uncertainty quantification.

Significant events

• “A significant organisational transformation was undertaken, focusing on a smaller number of projects with potential for greater impact.”
• “The Government published an ambitious AI Opportunities Action Plan and challenged the Institute to step up work on defence, national security and sovereign capabilities.”
• “The Institute became a founding member of the Laboratory for AI Security Research.”
• “The Environmental Forecasting mission is taking forward revolutionary new approaches to weather forecasting.”
• “The Health mission is pioneering the secure and trustworthy use of digital replicas of individual human hearts to save lives and money for the NHS.”
• “A six-week sprint was carried out showing small, open-weight language models can achieve near-frontier reasoning performance for focused tasks.”
• “CEO Jean Innes announced her intention to step down.”
• “£100m of core funding was allocated last year.”
• “Reviewed over 100 research projects and took decisions to close, spin out or complete 78 projects not aligned with the new strategic direction.”
• “A new Enterprise Resource Planning (ERP) tool was launched on 1 April 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -22.6%

  £9,564,186 → £7,398,732

• Net assets

  -24.4%

  £37,505,290 → £28,344,894

• Employees

  -1.1%

  438 → 433

• Profit before tax

  -4.3%

  -£8,783,477 → -£9,160,396

• Wages

  +9.1%

  £22,682,481 → £24,757,051

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers