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2024-03-31-accounts

l Transition Network.-, Trustees, Report and Financial Statements for the year ended 31 March 2024 Trart5it￿n Berkeley, ils. Repair Cale. Photo Credr(.' Lirnla Curr Transition Nelwork I

Contents Charity Information....-...-............................... Trustees. Report.........................................-.......-................................... l. Our Objects...............-......-...................... 2. Activities, achievements and performance .........-........-.................. 2.1 International Delivery. 2.1.1 Platform development...........................................-...-....... 2.1.2 Communication5- Stories. practice and wider narrative............................................. 2.1.3 Training 2.1.4 Inner Transition.......-....... 2.1.5 Territories................................................-....-.................. 2.1.6 Hubs support............................. 2.1.7 Beyond the Movement............................... 2.2 Monitoring and Evaluation . 2.2.1 Our Impact............................................... 2.3 Transition Together..... 2.4 Plans for future periods. .10 2.5 Grant-making Policy.... .11 3 Thank You to our Funders..........................................-....... .12 4 Financial Review of the Year....... .12 5 Structure, Governance and Management.............................. .13 Statement of Trustees, responsibilities. .14 Public Benefit..................................................-..... .14 Independent Examination Report to the Trustees of Transition Network............................... Statement of Financial Activities. .15 .16 Statement of financial position.....-...-.......... .17 Statement of Cashflows. .18 Notes to the Financial Statements................-..-.................. .19 Tfansltion Network 2

Charity Information Trustees The TTU5tees of the charitable company are its directors for the purpose of the Companies Act 21XJ6 and throughout this report are collectively referred to as the Trustee5. The Trustees who were in office during the year and up to the date of signing the financial statements were as follows= Anna Kovasna (Co-chair) Research and Education Director of Global Ecovillage Network. Darren Watmough ITreasurerl Finance Director of various housing associations and as a consultant to the Social housirbg and local authority sectors. Keyne Walker Policy Officer at the Royal Academy of Engineering, working on climate policy and system5 approaches to reachin8 net zero. Kelty Tyler ICo-Chair} lappointed 27th July 20231 Dr Elizabeth Saunders lappointed 27th July 20231 Michael Boyle lappointed 27th July 2023 and resigned 31 Jan 20241 Peter Lefort Green Futures Network Officer at the Unlversity of Exeter lstepped down 29 Nov 20231. Lead Links of the Heart Circle Deborah Benham and Filipa Pimental Charity number 1128675 Company number 06135675 Registered addre55 c/0 BSN Associates Ltd, 3B Swallowfield Courtyard, Wolverhampton Road, Oldbury B69 2JG Accountants clo BSN Associates Ltd, 38 Swallowfield Courtyard, Wolverhampton Road. Oldbury 869 2JG Bankers The Co-operative Bank, PO Box 250, Skelmefsdale WN8 6WT Transition Network 3

Trustees, Report Incorporatlng the Directors, Report for the yeaf ended 31 March 2024. The Trustees present their annual report and financial statement5 for the year ended 31 March 2024. The financial statement5 cofflply with the Charities Art 2011, the Companies Act 2006. the Memorandum and Articles of Association, and the 'Accounting and Reporting by Charities.. Statement of Recommended Practite IFRS1021' applicable to charities preparing their financial statements in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS1021 leffective l January 20191. Transition Network ITNI is established as a company limited by guarantee and is registered as a charity. Transition is a movement of communities coming together to challen8e us all to reimagine ond rebuild our world. Community-led Transition groups are working for a low-carbon, socially just future with resilient communities, more active participation in society, and a caring culture focused on supporting each other. In practice, they are using participatory methods to imagine the changes we need, setting up renewable energy projects, re-locali5ing food systems, and creaiing community and green spaces. They are nurturing ihe Inner Transition of the cultural and mindset changes that support social and environmental change. They ore Sparking entrepreneurship, workin8 Wlth municipalities, building community connection and care, repairing and re-skillin8. We have facilitated the creation of an international dlstributed infrastructure of role5 and responsibilities, particularly with the Transition Hubs Group. Transltion Hubs are independent or8anisations that support and connect Transition groups in their country or re8ion. They connect internationally as the Hubs Group, a network including Transition Network. with an agreed purpose and ways of workin8. The Hubs Heart Circle is a 8roup of internationally.focused role5 taking forward the work of the Hub5 group to SUPPOrt the evolulion of the global Transition movement. Much of Transition Network's work is now in collaboration with the Hubs Heart Circle, and you will see this described in the report below. Some of the other areas of project work where Transition Network has distributed roles, resources and leadership internationally are collectively seen as"distributed circles" and represented in the Hubs Pteart Circle. During the year of this report, these are Kunelab Ipreviously Municipalities in Transition), the Inner Transition Circle and the Training for Transition Circle. The Hubs Heart Circle a150 continued sub circles for Territories and the Collaboration Platform, during this year. l. Our Objects The Charivs Objects are to promote the conservation, protection and improvement of the natural environmeni and prudent use of natural resources for the benefit of the public, by advancing education and raising awareness of climate change, resource scarcity, peak oil and economic resilience. It aims to promote individual, community and organisational commitment to a reduction in carbon dioxide emissions, energy savin& reducing reliance upon carbon emitting energy sources and increasin8 resilience to resource scarcity. It aims to promote sustainable development for the public benefit by the preservation, conservation and protection of the environment and the prudent use of natural resources. It also aims to promote sustainable means of achieving economic development and regeneration in order to reduce reliance on scarce resources including oil. Tiansition Network 4

Transition is an approach that has spread now to over 50 countries, in hundreds of groLtps'. in towns, villages, cities. universities and schools. Around the world, there are 23 Transition Hubs that support and connect Transition groups in their country/region and connect internationally. Most Transition groups are volunteer-based and the movement is based on community-led approaches. which in most cases involve volunteers. Transition Network did not have volunteers within its staff team in 2023-24. 2. Activities, achievements and performance Below we will outline our delivery and key achievements in relation to our charitable objects and purposes above and our 3 strategic priorities, as below.. l. PraciSsln8 Transition - deepen the shored understanding, and widen the application, of practices which build resilience and support positive change across the Transition movement. 2. Pathways to Transltlon - create more visible. accessible pathways which support our audiences to be inspired by and engage with Transition stories, resources, events, trainin8 and opportunities for collaboration at different levels of scale. 3. Internatlonal capaclty bulldlng - ensure the Transition movement SUPPOrt ecosystem, including the HHC, TN, Distributed Circles, Hubs Group and Hubs become increasin8ly effective, resilient and visible. 2.1 Internatlonal Dellvery 2.1.1 Platform develo ment The 'platform' is an inie8rated set of digital services with shared identity and 8roup management, centred on Transition, values such as the development of a digital and knowledge commons within and beyond our movement, transparency, language justice etc. It supports international collaboration between Transition Platform users. As of February 2024. the Humhub component of the Transition platform ha5 received 10,877 ¥5slts from more than SO countrles, has 220 reg15tered users with active accounts and Includes working spaces dedicated to each of the distributed circles and groups of our international network as well as some hubs and territories. We continue to improve and add functionality to the platform, integrating the existing Transition rou s.or service, adding new tools such as the knowled ebase. event ticketin and Loomio to meet emerging needs. Building on the previous work to enable automatic translation across the platform, we have continued to priorilise the integration of Al-based translation service5 to support language justice and access by the widest number of people. We have continued to earn some income by offerin8 'platform as a service, to Democratic Ownership Matters, an aligned project with a focus on the co-op 5ettor and ownership. 2.1.2 Communlcatlons- storles ractlce and wider narratfve Communication is an expandin8 area of our work. Over the last year we have been laying the foundations for running a range of campaigns. Oelivery will be the priority for 2024-25. The Practising Transition campaign and website draws on the decades of experience and knowledge embedded in the movement. Drawing on the evaluation of the movement work, we developed an online space and proce55 that regularly reaches out to community activists.. inviting them to join learning journeys on a range of tOPlC5. These are practical steps, addressing skills, and methods that can be used in a community setting to further aclions of transition. Contributions are sourced from acr05S the movement and, thus, are an opportunity to put Transitioners centre stage. PRACTISING TRANSITION We have also been focusing on a programme of work titled Voices 0 Tran51tion. We are working to develop voices that stand alongside Rob Hopkins and Filipa Pimentel as representing the movement. It will be a programme that supports those with great pjtential in their effort5 to become authors, public Transition Network 5

speakers, influencers, and thought leaders. We are experimenting with publishing content in a wider range of languages by publishing the content in the native language of the author and then offering a translation into Erbglish alon85ide the original. 2.1.3 Trainin We revived our international community of Transition Trainers. A file-sharing system has been established to enable the exchange of materials among trainers, and information atrM)ut training is online. Our biggest project this year was developing an online version of our Transition Facilitators Trainin8 course. The En8lish-lan8uage pilot, which was offered for free and ran for eightweeks between September and November, attracted more than 100 participants from over 30 different countries. It resulted In nine trainers becoming certified at the international level of the movement. "I wos hoppy to Confirm thot we ore not alone in the world with our doubts, fears ond expectutlons... 1 appreciate the kind, Simple, humble t7nd noturolly giving woy of communlcoting.... Very humt7n process, I loved it ond I nm grotpfulfor hoving Porticipated in this coursel" Transition Facilitators Training Participant Feedback Transition Trai￿r5 We also wrapped up our Flexible Framework project and held four webinars on "A Livin8 Systems Approach to Transition, "Engaging Transitioners Through Information Resources, "Creating Harmonious Teaching Environments." and "Engaging Youth in Transltion. 2.1.4 Inner Transitlon The Inner Transition circle focused efforts in two directions.. offering spaces to build collective resilience while grieving together those aspects of our civilization that need to die, plus developing avenues to catalyse the vision, design, and pathways, which support the emergence of a civilization rooted in peace, collaboration, solidarity, justice, and love. The Inner Transition website wa5 launched. We developed a new approach to communicating and distributing our conflict resilience resources and launched a series of participatory webinars in March, running for 5 months. inviting some of the resource Cfeators to share their learning with our audience. Transition Network 6

We have 70 people inVo￿ed in tlie Communi of Presence and Prartice formed by long-standing transitioners plu5 newer participants of our events. Inter-Bein ness monthly gatherings held in different language5 bring a sense of global belonging and support life-caring activists to build personal and community resilience. We usually have 30 people registered for each monthly event, and around 20-25 participants. Partici antfeedback in EN Esand PT "What l enjoyed the most wos connettion, love. core, vulnerobility, honesty/The comorGderie /Gentle, permissive spuce / love ond connection / the meditution guide/ thefeeling of belonging to the big plonetary humonfamily. ' Participarf feedback 2.1.5 Terrilorles Territories are 8roupin8s of Hubs connected by either langua8e, culture, geography or region5 who are planning to form Hub struttures to 5UPPOrt Transition groups. 4 Territories engaged in activities this year: Aby3 Yala in Transition (culture and geography) a very active grouping of Transitioners from Brazil. Colombia, Mexico and Chile. Germanophone Ilanguagel- a long runnin8 groupin8 of Transitioners from Austria, Germany and German-speaking Switzerland. Asia Igeographyl An outpost Territory listening for the beginnin85 of Transition activity beyond the very active Japan Hub. • Wales and England Igeographyl They have undergone extensive research through interviews, surveys. and focus groups to design a Hub for Wales and England. We shared and supported the emergence of devolved and decolonised community-organising across the world. Highlights were: Abya Yala in Transition developing shared governance and clearly definin8 roles. Increasin8 Visibility through communications. launching a mapping project to see, understand and make visible connections across Transition 8roups and non-Tran5ition groups to share learning and foster support. Pioneering live interpretation in Spanish, Portljguese, and English. Germanophone Territory - Regular network meetings and shared online space establishing connections across Hub5. Focused work bringing the Territory together around sharing learning and campaigning in the upcoming European elections. Wales / England.. Through the Tron51tion fo ether project. they have been offering trainin& events, and small grant funding as well as developing an online space (Vivel for the movement. 2.1.6 Hubs su Activity l.. Relationship building with Hubs Individual calls with the various links of the Hubs 8roups have taken place to get a better sense about,. 11 how the Hubs are doing, 21 what 5VPPOrt could the international support system offer, and 31 feedback on the Hubs group monthly meet-up calls and ideas for how we can improve them. Initial findings show that many hubs have had a wave of action and then inaction, especially since COVID. There is a desire for more regional gatherings and spaces for connection. All named fundinE as an area Transition Network 7

that they would like further support with. Another sentiment is the need for craftirig a new vision and narrative fof the Transition movement to mobilise energy and bring more people to the movement. Activity 2: Hubs fundraising support The international hub5 have been supported to build their capacity and approaches to raising funds. The first part of this process was gathering funding needs. This year we have worked with hub5 in Brazil, Mexico, Columbia. Spain, Croatia, Switzerland, Southeast London, Scotland, and France. As part of this work, details were gathered about active projects, funding recommendations were made, and funding applications filled out. Over 25 funding recommendations were provided to 8 hubs, and followed by 2 applications. Activity 3: CRM and Income Generation We set up a new Donor Management CRM database to share a¢ross TN, Th and HHC. Applications and relationship-building with funder5 are underway to help improve our project and long-term fundraising. The Income Generation group was reinstated to explore income generation ideas beyond fundraising Wlth members from across the movemeni. We formulated these action areas.. fundraising, donations, charity auction, investments & sponsorships, research, promotion and sales. We're diversifying our income Stream5 by working with the Communications Role to trial a digital fundraisin8 campaign and update the Donate pages on the website to assist this in April 2024. 2.1.7 Be ond the Movement We contributed to progress beyond the Transition movement through: l. En8aging and influencing funders through active participation in Partners For a New Economv IP4NEI and EDGE Funders conferences- contributing to the exploration of the role of Funders and movements in the transformative times we live in. 2. Bringing the culture and embodiment of Tran51tion' values as a judge in the Lush Spring Prize and where Filipa designed event spaces and one of the event's keynote speeches. 3. Engaging and 5LlPPOrtin8 an Erasmus+ projert coordinated by the Cooperative Artefacts In partnership with EL4ropean partners, including the government of the Centre-val Loire region and the Sanitas neighbourhood, Tours, France, on 'stor￿s of Transition- a tool for transitSon in priorlty neiBhbourhoods'. Blog post here. 4. Endorsement and support - creation of the first 'Climate Centre,, Portugal, an important local uthorily project, expeTimentin8 in collaboration with the community, and Transition Movement. Fillpa Pimemel speaklng at the Lush Spring Prize 2023. Photo Credit'.Lush Transitson Netwtsrk 8

2.2 Monitoring and Evaluatlon We started monitoring the current shape and state of the movement. We contacted local groups to see who is active and is updating the Transition map. We contacted Hubs to assess SUPPOrt needs. We collected testimonials and evaluation surveys following on from events & activities. The Platform Eroup has collected user data about visTrts, needs, and activity in the platform. We have been collating and assessing resourcing and fundraising needs of hubs and learning what their limitations are. To support monitoring and evaluation of the movement going forward, we have completed the design and testing of a pilot survey that used the Sensemaker software. Twenty people reviewed the design, tested the survey, and commented on gaps or improvements. The survey is now being revised into a more focused version. The core aims are to explore and better understand effective practice5 for creating change and the local contexts and conditions that can support this. We are also interested in assessing current narratives within the movement and in rebuilding relationships with local groups and Hubs through listening to what support has been helpful or missing in the past, and what is needed moving forward. The survey also enabled us to collect and share new stories and case studies of projects and practice5, which have had positive impacts on communities. 2.2.1 Our Im art It is clear from the activities and feedback that we are: Improving the capacity, knowledge, and skills of the Hubs to fundraise. 2. Improving the skills, knowledge, and networking opportunitie5 for the trainer5. 3. Increasing our online presence and communications throu8h new websites and social media. Improving connectivity, Shared working, knowledge sharing, and networking opportunities for transitioners across the globe via our Platform digltal services Increasing our contribution to language justice in how, where, and when we deliver our activities. 6. InspirinB change amongst those participatin8 in our activities or accessing our services. 7. Building 8lobal belonging and pefsonal and community resilience in healthy spaces. 8. Unearthing and addressing the 8aps, concerns, and opportunities hi8hli8hted by listening to Iran51tioners and colleague5. The yearfs impact is exemplified by these videos and testimonials from the Trainin8 sessions. Partici ant feedback from Norwa 0.49 Partlci an f dback from Austria and Canada and their next ro ect ideas 3.24 2.3 Transition Together The Transition Together project started in June 2021. and is funded by The National Lottery Community Fund's Growing Great Ideas fund. We are now reporting on the third year of this project, which aims to grow infrastructure, network5 and capacity for Transition in Britain. The project is a partnership with Scottish Communities Climate Action Network ISCCANI - the Scoltish Transition Hub. Tran51tion Together has achieved the following over the year-. Employed just Transition and Training Workers. Delivered 3 Transition Alive Sessions to the Transition Movement Hub development plan developed and being implernented - based on 18 months of engagement with the Transition Movement in England, Wales and Northern lieland Establishing è presence in Northern Ireland after agreeing with the lottery to expand the project. Funded 3 new CTRLshift prototype projetts and continued to develop the community of practice to support these projects StrateEiC development plan for CTRLshift produced Transition Network 9

Delivered a final round of seed funding resulting in lots of great projects and impacts Created a VIVE space for seed-funded grantees as well a5 workshops on monitoring and evaluation and support sessions on Just Tran51tion practices Training delivered.. o Launch & Thrive Training redesigned and delNered. o Welcome to Transition session o Working with Counci15 final webinar 0 Skillshares.. How to engage young people How to address the cost of living crisis Communications Mapping Visioning guide updated New Scale-up project has a plan in place Staff are attending the Just Transition internal training delivered by HELD VIVE platform continues to be developed - new spa￿S for 8roups to organise being rolled out 0 627 people on VIVE - en8agement improvin8 • Comm5 continue5 to deliver monthly newsletters. a range of interesting blogposts, Social media engagement to support all Transition To8ether activity and promote activity happening in the movement and sharing useful resources CommunWAllotmeTht and Larder. Portland, DotseL UK. Photo Credrt.. Laura Baldwln 2.4 Plans for future periods Our priorities for 2024-25 are based on our previous experiences and learning, our reflections on the way the world is unfavelling and the strategic priorities co-created with the HHC and Distribvted Circles (outlined above) which will remain until March 2025. We will prioritise our work in the following ways.. l. Practlslng Transition Practlsing Transition Campaign11-2 webinars and newsletters monthly throughout the year, with an 'evergreen' online set of recorded resources). International Day of Tronsition Practlse - 27th April. 2. Pathways to Transition Creating a new externally focused communications campaign which organi5e5 and makes accessible all the various support services from the emerginE international support ecosvstem. This will likely look like a new website under the Transitionmovement.org domain with clear and Transition Network ID

coherent signposting between different parts and offering5 being provided by various sub-circles and working groups. Rebranding, starting to design more of an external visual identity for the collective International Movement Support System. Making free resources more visible, accessible and embedded within orbgoin8 learnin8 journeys. Subject to additional funding being sourced, we are also keen to further develop.. Voices of Tronsition, developing a wider range of speakers and ambassadors for Transition from different cultures and contexts and in more languages. Starting a youth-oriented revisbon of the information resources & offerin8S. 3. International Capacity Building Re-granting - getting funding directly lo Hub5 and local groups. putting energy into being a fiscal host and 8etting resources directly to the grassroots Deliver the next phase of our impact evaluation and movement support needs work using a survey. Input and engagement in this will be supported via the Doy of Tron51tion Practise. Re-designing the International Support System, clarifying and consolidating the support functions we offer to the movement and making these more visible and accessible, creating clarity on the purpose and accountability of each part of the system. 2,5 Grant-makin8 Pollcy Transition Network made a number of grants during this year. Primarily, we make grants to Transition Hubs and Transition groups as part of our sUPPOrt, capacity-building and distribution of roles and responsibilities in the Transition movement. We will occasionally make grants to a partner organisation outside the Transltion movement,. though this was not the case durin8 this financial year. Grants to su rk of the Hubs Heart Circle and Hubs Grou In this financial year we did not run a funding round for Hubs, but we used 8rant-making to support the following work prioritised by the Hubs Heart Circle. Transition Network made 8rants to: Réseau Transition ITfansition Hub in Brussels/Wallonial to enable the organisation to provlde the Hubs Coordinator role. Transition Netzwerk e.V. (Transition Hub in Germany) to fund Communications in Territories in Transition, resourcing the development of identity, brand, tone and voice for Abya Yala and Germanophone Territorie5. Transition Spain to fund the Translations project of the supporting system of the Transltlon movement. Transition To ether ro ect Seed funding went well this year, with 114 applications received and 96 grants awarded. We supported the application process with a big communications push, as well as a seed funding 'Blizzard of Stories, webinar, where previous grantees ialked about their seed-funded projects to inspire people to act apply. We also ran a FAQ webinar where participants could ask questions about applying. There are criteria for eligibility and for scoring and assessin8 applications. The criteria for a55essing applications prioritise social justice, Transition principles. collaboration, capacity and creation of livelihoods. For those given a grant, we delivered a Seedfundin webinar based on the 3D framework, to get groups to really think through how their project can widen. deepen and lengthen their impact in their communities. This was very well received. We a150 set up a seed funding Space on the VIVE platform and 80 people signed up. We offered in-person feedback to the unsuccessful applicants. Four groups took this up and found it productive. We feel that our approach to seed funding is very thorough, supportive, and inspiring. We Transition Network 11

would like to make this more participatory and are exploring small ways of doing this in Year 3. in line with the hub developments so the communities are far more involved in the actual decisiorb-makirbg proce5S. The total grants of £269.500 to 96 projects across England and Wales, breakdown a5 follow5.. 40 Micro grant projects1£18,0901 50 Full Grant projects1£199,2401. Including 12 partial grants 6 Partnership Grant projects1£52.1701 This is a significant increase in support from 60 grant award5 totaling £160,000 in 2023. SCCAN (which has now absorbed Transition Scotlandl is a partner in the Transition To8ether project they received £75,586 to deliver work in Scotland. an increase from £38,573 in 2023. 3 Thank You to our Funders We are immensely grateful to all of our donors and funders who, through their support and vision, enable us to continue to support and inspire the Transition movement and to explore and develop new approaches. In particular, we thank wholeheartedty the following funder5, who have made the work outlined in this report possible, for their grant funding during the year.. •Our main international funder, a Foundation who wishes to remaln anonymous and who support many of our core costs across TN, the Hubs Heart Circle and distributed circle5. Their incredibly generous support is very much appreciated. We are very grateful that they continue to fund our international focus on Strengthening the mycelial network of Transition, enabling us to support and stimulate a wealth of work around the world. •The National Lottery Community Fund's Growing Great Idea5 fund for significant funding to help us grow infrastrvcture, networks arsd capacity for Transition in 8ritain through the Transition Together project. On a small number of occasions Transition Network acts as a "charity conduit" to enable organisations and projects which are strongly aligned with our strategic aims, to access fundin8. In 2023-24 we continued to administer a grant from Fondation Charles Léopold Mayer pour le Progrès de I'Homme for the Real Economy Lab, a project for alternative economics in a low-carbon world. 4 Financial Review of the Year Total income for the year ended 31 March 2024 was £903,09412023: £1,214,696). Restricted income amounted to £893,2751£1,212,8541 and unreslricted income amounted to £9,819 12023= £1,842). Gront5 comprised of 98.3% of the Charivs income12023: 99.7%). The main sources of unrestricted income were grant, donations, book royaltie5 and talk fee5. A large grant received in the year was from a Foundation that wishes to remain anonymous, which funded £300,000 during the year12023= £300,0(K)l. This grant supports a wide range of the Charity's activities and, in particular, its international work. The National Lottery Community f und IGrowing Great Ideas programmel provided grant funding of £578,888 for the Transition Together project12023.. £909.6141. Transition Together commenced in June 2021. with its years running from September to August and therefore does not ali8n with the financial vear. The restricted fund surplus of £347,236 as at March 2024 represents the projected cash-flow fund5 held at that date. Total expenditure was £975,673 as at 31st March 202412023 £805,7071- There were Seedfunding grants made by the Transition Together projett of £269,5(M). Transition Network 12

The amount of unrestricted general funds was £133,105 as at 31st March 202412023 £134,467). The amount of restricted funds as at 31st March 2024 was £352,LK)8 which is mostly funds held for the Transltion Together project12023= £424,225). This was mostfy because of the National Lottery Community Fund grant funding income scheduling for the Transition Together project. Total funds held as at 31 March 2024 amounted to £485,113.12023 £557,6921- Reserve5 Poli The reserves policy seeks to balance the objective of spending income with the need to maintain the minimum level of reseryes to ensure the Charity can continue its core activities and to provide time to adjust to a change in financial circumstances. Assets must be sufficient to enable the Charity to operate effectively, meet all of its legal obligations and cover any sums payable to staff should they be made redundant. The need to mainlain free reserves is emphasised by the Charity's financial forecasts showing low levels of unrestricted income in future years. In 2023 the Truslees agreed to mainlain the target level of free reserves at £107,000, which equated to approximately four months. core running costs. At 31 March 2024. the amount of free reserves, calculated as being unrestricted funds excluding fixed assets, was £133,105 which is above the target level. 5 Structure, Governance and Management Governi document The Charity is incorporated as a company limited by guarantee without share capit31 Ire8lStered number 061356751. Under the provisions of Section 60 of the Companies Act 2￿6, the company is entitled to omit the word "Limited" from its name. It is governed by its Memorandum and Articles of Association. Trustee5 are all Oirectors of the company. In the everst of the company being wound up the liability of the members is limited to £10 each. Trustees The Trustees serving during the year and since the year end are listed in Charity Information on page 3. The member5 are Directors for the purpose of cornpany law and Trustees for the purpose of charity law. All tru5tee5 are members of Transition Network's Primary Circle which has the following Purpose and Accountabilities: Prima Circle Pur se.. To connect to our evolvin8 organisatbonal purpose, agree and energise Transition Network's strategic focus and overall governance model. Accountabilitie5'. To set and keep under review our evolutionary organisational purpose (ensuring alignment wlth the charity's objects as set out in Transition Network's Memorandum of Associationl To a8ree any changes to the organisalional safety agreement To admit new members to the primary circle andlor make any change5 to criteria for membership To agree any significant changes to Transition Network's strategic framework, as determined by the strategy review role Of Other appropriate role To determine broad areas of focus for the organisation over the coming 12 months To elect the lead link of the Heart circle. The day-to-day running of the charity 15 delegated by the primary circle to the Lead link and Heart circle. Tru5tee5 meet at least three times a year to receive and approve Primary Circle decisions and to focus on matters reseNed for the trustees including financial performance and risk. The Trustees iegularly review the composition of the group of Trustees and consider whether the ski115. experience and diversity are Transition Network 13

effective for the good governance of the Charity. New Trustees are appointed following an application and interview proce55. A5 part of the Trustee induction process, each new Trustee is 355igned a steward. who is one of the exiS1ing Trustees and who. amongst other things, explains the role and responsibilities to the new trustee. Risk Mana ement There wa5 3 delay in contracting a new fundfaiser until September 2023. who undertook a review and identified that we lacked key elements of an effective fundraising system. Following this we have implemented a new donor CRM database. 3 donation webpage. updated the website, and developed a 3- vear strategy for funders with supporting documents and communication assets. We had insufficient unrestricte(I reseTves due to over-reliance on grani funding and a lack of diverse income generation streams. There has been a locus on developin6 new fundraising initiatives includin8 a donation and le8aty giving website page. a Big Give matth fundin8 campaign, and £8k Ltnreslricted grant from a Donor Advised Fund. This has been supported by re8ular review of our reserve5, income mix. and risk profile. Statement of Trustees. res onsibillties Company law requires the Trystees to prepare financial statements that give a true and fair view of the state ol affairs of the charily at the end of the financial year and of ils surplus or deficit for the financial year. In doing so the Trustees are required to- • Select suitable accounting policie5 and then apply them consistently- Make sound judgements and estimates that are reasonable and prudent; State whether applicable accounting standard5 have been followed. subjett to any material departures disclosed and explained in the financial statement5; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its operations. The Trustees are responsible for keepin8 proper accountlng record5 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 2C¥)6. They are also responsiblè for safeguarding Ihe asseis of the charity and hence foi laklng reasonable steps for the prevention arsd detection of fraud and other irregularities. Public Benefit Transition Network is a public benefit entity. Charity trustees have a duty to develop strateglc plans to ensuie that we provide public benefit and achieve our objectives as set out in our governing document. These objectives are set out in Section 2 of ihis report. We have referred to the Charity Commission's general guidance on public benefit when reviewin8 our aims and objeciives and in planning our future activities. In particular, the Trustees consider how planned attivities will contribute to the aim5 and objeclives they have set. This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. D Watmough S4gneiJ on behalf of the Trustees on 5 Novernber 2024 Transiiiory N9t￿Ork 14

Independent Examination Report to the Trustees of Transition Network I report to the trustees on my examination of the financial statements ofTransttion Network I'the charlWI for the year ended 31 March 2024. Responslbilitles and basis of report As the trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial ststements in accordance with the requirements of the Companies Act 20061'the 2006 ACVI. Having satisfied myself that the ac¢ourtts of the company are r￿t required to be audited under Part 16 of the 2006 Act and are ell8lble for Independent examinatlorb. I report In respect of my examlnatlon of thÈ charitls a¢¢ounts as carried under sertion 145 of the Charitles Art 20111'the 2011 A¢t'l. In ¢arrySng out my examlnatlon I have followed the Directlons glven by the Charfty Commlsslon under sectlon 14515llbl of the 2011 Att. Independent examlner's statement Since the charity's gross income exceeded £250,OCQ your examlner must be a member of a body Ilsted In sectlon 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a memberofthe Institute of Chartered Atcountants in England and Wales IICAEWI, which is one ofthe Ilsted bodle5. I have completed my examlnatlon. I confim that no matters have Come to my attention In connectlon with the examination 8IVln8 me cause to believe.. accountln8 records were not kept In respert of the charlty as requlred by sertlon 386 of the 2006 Art,. or the financlal statements do not accord wlth those records: or the financial statements do not comply with the accountlng requlrements ol section 396 of the 2006 Act other than any requirement that the accounts Bive a 'true and fair, view which is not a matter considered as part of an independent examination., or 4. the financial statements have not been prepared in attordante with the methods and principles ol the Statement of Recommended Practice for accounting and reportin8 by chaiities applicable to charitles preparing their accounts in accordance with the Financial Reporting Standard applicable Sn the VK and Republic of Ireland (FAS 1021. I have no coneerns and have eome aeross no other matters in connertlon with the examination to which attentson should be drawn in this report in order to enable a proper un¢Jer5tandin8 of the 3¢¢0unts to be reached. Philippa Miller-Hawkes BA CA Independent Examiner BSN Associates Limited 3B Swallowfleld Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG 5" November 2024 Tiansition Network 15

Statement of Financial Activities Year ended 31 March 2024 Ilncorporating the Income and Expenditure Account) 2024 2023 Unrestricted funds Re5trirted funds Total funds Total fvnds Note Income and endowments Oonations and legacies Other income 9.498 321 889.535 3,740 899,033 4.061 1,211,801 2.895 Total Income 9,819 893,275 903,094 1,214,696 Expendlture Expenditure on raistn8 funds-. Costs of raisin8 donations and le8a¢ies Expenditure on charitable acti¥ilies 25,418 940,074 25,418 950,255 33,036 772.671 10.181 Total expendlture 10.181 965.492 975.673 805,707 Net lexpendlturellincome for the ￿ar 13621 172,2171 172,5791 408.989 Transfers between funds Net movement In lunds for th• y•4r 13621 172,2171 {72.5791 408,989 Reconclllatlon of funds Total funds brou8hi forward 133.467 424,225 557,692 148.703 Total fund5 carried forward 133.105 352.008 485,113 557.692 The statement of financial activities includes all gains and losses recognised In the year. All income and expenditure derive from continuing activities. Transition Network 16

ststement of financial position Year ended 31 March 2024 2024 2023 Flxed assets Tangible fixed assets 679 743 Curreni •sgets Debtor5 19 11.792 645.028 5,764 616,308 Cash at bankand In hand 656,820 622.072 Cr•dftors: amounts fallln¥ wlthln one ye•r 172.386 65.123 Net ¢urrent assets 484.434 556,949 Total assets less Current IlabNItI•s 485,113 557.692 Net ass•ts 485.113 557.692 Fufids oftht ¢h•rtty Restricted funds Unrestricted lunds 352,Cx)8 133,105 424,225 133,467 Tot*1 ¢h•rltyluThls 485,113 557,692 For th• year endln8 31 March 2024 the ¢h•rtty was entItl￿ to exemptlon from ¥udlt under sectlon 477 of the Companies Act 2LNJ6 relatln8 to small companles. Drrector5' ￿pOnsIbIl￿[e$. The members have not requI￿d the company to obtain an aud￿ of finantial ststements fr)r the year in questlon In accordancè ￿th section 476; The diredots ackn¢)wled8e thelr responslbllltles for comptying with the requlrements of the Act wlth respect to accovntlng records and the preparation of ftnanclal statèmtnts. Thest financlal statements havè been prepared In ac(ordance wrth the P￿￿s1onS applicable to companies subject io the small compan¢es' rtgime. These flnancial statèments were apprrNed by the board ofirustees and authorised lor I￿ue on str Novernber 2024, nd are signed on behalf of the board by.. D Watrnough Trustee Transition NetWDrk 17

Statement of Cashflows Year ended 31 March 2024 2024 2023 Cash flows from operating artivitie5 Net lexpendltyrellincome 172,5791 408,989 Adjustmentsfor.. Depreciation of tangible fixed assets 291 326 Chunges in.. Trade and other debtors Trade and other creditors 16.0281 107,263 IS.7641 20,948 Cash generated from operations 28,947 424,499 Net cash from operating actlvltle5 28,947 424,499 Cash flows from Investln8 artlvttle5 Purchase ol tangible assets 12271 12701 Net ¢ash used in invesiin8 a¢tlvities 12271 12701 N•t Increase In cash and cash equlvalents Cash cash equl¥Jlents at be8innini of year 28,720 616.308 424,229 192.079 Cash and cash egulvalents at end of year 645.028 616.308 Transition Network 18

Notes to the Financial Statements General information The charity is a public benefit entity and a private tomp3ny lim¢ted by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registefed office is clo BSN Associates Limited, 38 Swallowfield Courtyard. Wolverhampton Road. Oldbury. We51 Midlands, 869 21G, Unlted Klngdom. Statement of cornpliance These financial statements have been prepared in compliance with FRS 102. 'The Flnancial Reporting Standard applicable in the UK and the Republic of Ireland.. the Statement of Recommended Practice applitable to charities Preparin8 their accounts in accordance with thè Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FR5 1021 Icharities SORP IFRS 10211 and the Companie5 Act 2006. Accountlng pollcles B•sls of prÈparatlon The financial 51atements have been prepared on the historical cost basis, as modified by the revaluation of Certain financial assets and liabilities and investment properties measured at fair value through income or expendilure. The linancial 5tstements are prepared in sterlin& which is the functional currency of the entity. Golng concern There are no materlal uncertainties about the charity's ability to continue. Judgement5 ond key 50urce5 of estlrnatlon un¢eftslnty The preparaiion of the financial statements requires mana8erneni to make judgements. estlmates and assumptions that affect the amounts feported. There are no material judgements in the financial siatements, but areas of estimation include accrua15 for Staff and ¢onsultan¢y expenses. Fund accountlni Unrestricted funds are available lor use at the discretlon of the trustees tofurther any of the charity'5 purposes. Restricted funds ale subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one ol two sub-classes: restricted income funds or endowment funds. Intoming resources All incomin8 resources are included in the statement of financial activities when entitlement has passed to the charity.. it is probable that the economic benefits aSSOCiated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular c3te8orles of Income.. income from donations or grants is recognised when there 15 evidence of entitlernent to the gift. receipt is probable and its amount can be mea5uTed reliably. le8acy income is recognised when receipt is probable and entitlement 15 established. income trom donated 8oods 15 measured at the fairvalue of the goods unless this is impractical io measure reliably, in which tase the value is derived from the cost to the donor or the estimated resale value. Donated facilities and service5 are recogni5ed in the accounts when received if the value can be feliably measured. No amounts are included for the contribution of general volunteers. Tran51tion Network 19

A¢countin8 policies {tyithkuÉdl Incomlng resources iconbrt¥edJ income from contracts lor the Supply o15ervices is recognised with the delivery of the contracted service. This 15 cl355ified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basi5 as a liability is incuffed. Expenditure includes any VAT whith cannoi be fully recovered. and Is classified under headings of the statement of financial activilies to which it relates.. expenditure on raising lunds include5 the costs of all fvndralslng activities. event5, non-chafitable trading ¢tlvltles. and the sale of donated goods. expendrtufe on ¢hafltable auiviiies Includes all costs incurred by a charity in undertaklng activities that further its charitable aims for the benefit of it5 benefb¢iaries, including those support costs and costs relatin8 to the 8overn3nce of the chaiity apportioned to charitable aclivities. other expenditure includes all expendilure that Is neither related to raisin8 funds for the Charity nor part of Its expenditure on charitable activities. All costs are allocated to expendlture categories refle(tin8 the use of the resource. Olrecl costs attributable to a sln8le actlvity are allocated directly 10 that activity. Shared costs are apportioned between the a¢tivities thev contilbute to on a reasonable, justifiable and consistent basis. Tan8lble a55ets Tangible assets are Initially recorded at cost, and subsequently stated at ¢ost less any accumtslated depreciation and irnpairment losses. Any tangible assets Carrled at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An Increase In the carrylng amount of an asset as a result of a revaluation, Is re¢ognlsed In other recognlsed Bains and losses, unless it reverses a charge for impairment that has previously been reco8ni5ed as expendlture wlthln the statement of financial activities. A decrease in the ¢arryin8 amount ol an asset as a result ol revalyaiion, Is recognised in other recognised gains and losses, except io which it olfsets any previous revaluation gain. in which case the105S 15 shown within oiher reco8nised gains and losses on the statement of flnan¢ial atlivitles. Oepreclatlon Depreciation 15 calculated $0 as to write off the cost or valuation of an asset, les5 Its residual value, over the useful economic life of that asset as follows= Fixtures and fittin8S IS% straight line Impalrment of fixed assets A review for indicators of impairniÈnt Is carried ovt at each reporting date, with the recoverable amount belng estimated where such indicators exist. Where the carrying value exceèds the recoverable amount, the asset is impaired accordingly. Prlor impairments are also reviewed for possible reversal at each reporting date. Tran51tion Network 20

Accounting policie5 Icontthttedj Impairment of fixed assets Itthirfrtutdj For the purposes ol impairment testing, when it 15 not Possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashenerating unit to which the asset belongs. The cash-generating unit 15 the smallest identifiable group of assets that includes the asset and geneiates cash inflows that largety independent of the cash inllows from other assets or groups of assets. For impairrnent testin8 of 8oodwill. the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cashenerating units ihat are expetted to benefit from the synergies of the combinalion. irrespective of whether other assets or liabilities of the chaTity are assigned to those units. Flnancial instrurnents A financlal asset or a financial liability Is re¢o8nised only when the charity becomes a party to the contractual provisions of the instrument. Ba51¢ financial instrumenis are initially recognised at the amount Teceivable or payable includin8 any related transaction costs. Current assets and cuirent liabilities are subsequently measured at the cash or othef conslderation expected to be pald or lect￿e￿ and not dlscounted. Debt Instruments are subsequently measured at amortbsed Cost. Deflned contrlbutlon plans Coniributions to defined ¢ontribution plans are recognised as an expense in the period in whi¢h the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment wlll lead to a reduciion in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related seryice, the liability Is measured on a dis¢ounted present value basls. The unwinding of the discount is recognised as an expense in the period in which it arise5. Llmlted by Buarantee The Charity is a company limited by guarantee. The members of the company are the trustees named on the Charity Informatron page on pège 3. In the event of the Charity belng wound up, the Ilabillty In respect of the guarantee is limited to £10 per member of the charity. Transition Netwoik 21

Donatlons and leiacbes Unrestricted Funds Restricted Funds Total Funds 2024 Donatigns DoThations and gifts 1,498 io.¢ 11.498 1.498 io.( 11.498 Grants An anonymous fol￿ndatIOn Istrengthening the Mycelium Network) Ecoli5e Sparks rrransition Togetherl An anonymous donor The National Lottery Community Fund (fransition To8etherl 3Q),(l)o 647 300,OLYJ 647 8.0 S78.888 578.888 879,535 887.535 Tgtol Oonations & Grants 9N98 889.535 899.033 Unrestricted Fund5 Restrfcted Total Funds Funds 2023 Oonations Donations and glfts 1,162 1,162 1.162 1.162 Grants An angnymous foyndation1Strengthening the Mytelium Network) Ecoli5e Sparks ITransition Togethèr) The Narional Lottery Community Fund ITransition TogÈtherl 3Q),CX)O 1.025 3CQ,O 1.025 909,614 909.614 1,210.639 1,210,639 Total Donattons & Grants 1,162 1.210.639 1.211.801 Other Income Unrestrirted Funds Restricted Funds Total Funds 2024 Contrattual income Event income 3.740 3,740 Royalties on books Sundry income 62 254 62 254 321 3,740 4.061 Transition Network 22

Other income (¢oAtth￿J Unrestricted Funds Restricted Funds Total Funds 2023 Event income 2.215 2,215 186 Royalties on books Sundry income Talk fees 186 144 350 144 350 2.215 2,895 Incoming resources include amounts receivable after the year end in respect of expenditure incurred by the year end. Costs of ralslnl donatlons and le8acles Aestricted Total Fund5 Funds Restricted Funds Total Funds 2024 2023 Fundralsing Stall costs 1.220 24,198 1.220 14,198 8.312 24,724 8.312 24,724 25.418 25,418 33.036 33,036 ExpendStur• on charttabl• artl¥ltles by fund type Unrestrirted Fund5 Restricted Total Funds Fund5 2024 Supportin8 the Transition Movement Support costs INote lol 10,181 921,118 18.956 931,299 18,956 10,181 940,074 950,255 Unrestricted Fund5 Resiricted Funds Total Funds 2023 Supportlng the Transltlon Movement Support costs 739.732 32.939 739,732 32,939 772,671 772,671 Expendlture on charltable actlvltles by artknty type Artivities undertaken Gwant funding directly of activities Support costs Total fund5 2024 Total fund 2023 Supportin8 the Transttion Movement 527,940 403,359 11,722 7.234 943.021 7,234 754,014 18.657 Governance costs 527.940 403.359 18.956 950.255 772.671 Transition Network 23

  1. Analysis of support costs Total 2024 Total 2023 Depreciation Finance costs 291 488 326 305 General office Governance costs 1,064 7,234 6.717 1,329 1,833 5,053 18.657 4.376 670 3.552 Human resources Insurance. rent and rates Travelllng and subslstence 18,956 32.939
  2. Analysls of grants 2024 2023 fjrants to InstStutlons Red de Transicion Spain- Translation project to support Transition movement 5,427 53.103 Reseau Transltlon- Hubs co-ordinator Scottish Communitie5 Climate Action NetWOTk- Partnership on Transition Together Sustainable Tbverton Tran51tlon Netiwefk e.V.- Traln and connect fundin8 specialists Returned grants Seed Fundin8- Micro 8rant5140 institutlOn51 Seed Fundin8. Partnership grants11 institutions) Seed FundinB- Full 8rant$138 instilulionsl Seed Fundlng- Partlal fundlng grant5112 Instltutlonsl 5S.289 75,586 10,000 38,573 4,W5 12.5001 16,108 14,680 108.137 21,075 18.0611 18,090 241,410 402,314 258,608 Grants to Indlvlduals Amandine Gameiro- Participation in Transltion Hubs Heart 1,045 Total grants 403,359 258,608
  3. Net Incom• Net income is slated after chargingllcredltln81= 2024 2023 Depreciation of tangible fixed assets 291 326

  4. Auditors remuneratSon 2024 2023 Fees payable to the auditors for= Audit of the financial statements Other seThices 8,700 2,806 Total 11.$06 Transition Network 24

  5. Independent examination fee5 2024 2023 Fees payable to the Independent examiner for.. Independent examination of the financial statements Other services 3.756 1,506 Total 5,262 In the prior year. the accounts wère audited and the fees payable to the audilor in respect of the audit and other services is Shown on note 13.

  6. Staff costs The total staff costs and employee beneflts for the reportln8 perlod are analysed as follows.. 2024 2023 Wages and salaries Social secvrity costs Employer contributions to pension plans 279,289 16.917 5.575 258,580 18,361 5.223 301.781 282.164 The average head count of employees durin8 the year was 1112023.. 111. No employee recel¥ed employee benefits of more than E60,OLJ) durin8 the year12023.' NIII.
  7. Trustee rernuneratlon and expen￿$ None of the Trustees lor any persons connected wilh them) received any remuneration or benefits from the Charity durin8 the year12023'. £nill. Three trustees were reimbursed travelling expenses In the year totalllng £47112023.. £3341.

  8. Taxatlon The Charity Is exempi from tax on income under Sectlon 505, Income and Corporatlon Taxe5 Act 1988. Transition Network 25

  9. Tan8ible fixed assets Flxtures and fittings Cost At l Aprll 2023 Addilions 4.997 227 At 31 March 2024 5,224 Depreciation Af i April 2023 Charge for the year 4,254 291 At 31 March 2024 4,545 Carrylng amount At 31 March 2024 679 At 31 March 2023 743

  10. Debtor5 2024 2023 Prepayments and accrued income Other debtors 6,990 4,802 S,760 11,792 5,764
  11. Credltors: amounts lalllnl due wlthln one year 2024 2023 Trade crediiors Accruals and deferred Income Acciuals for grants payèble Social security and other taxes Other creditors 34,619 IS,OS2 114,675 6.713 1,327 20,388 24,735 18,730 1,269 172,386 65,123

  12. Pensions and other posi reilremeni beneffts Deflned contrSbutlon plans Thè amouni recognised in income or expenditure as an expense in relation to defined contribulion plans was £5,57512023.' £5,223). Transition Network 26

  13. Analysis of charitable funds Unfestricted funds At Transfers 31 March 2024 At l April 2023 Income Expenditure General funds 133.467 9.819 110.1811 133,105 At Transfer5 31 March 2023 At l April 2022 Income Expenditure General funds 131,625 1,842 133,467 Restrirted funds At Transfers 31 March Z024 At l April 2023 Income Expenditure Oemocratic OwneT5hip Mattels Real Economy Lab Strengthening the Mycelium Network Training for Transition Tran51tion Research Network Transltlon Togeiher Transltlon Together IE¢tylise Spark51 Sustainable Tiverton 3.740 12.0441 12.9401 1,696 2,717 5.6S7 3CM),O I3￿1,0001 13.5741 3,574 164 413.805 164 347.236 578,888 1645,4571 1,025 647 io.c 11.4771 iio,0001 195 424,225 893,275 1965,4921 352,008 At Transfers 31 March 2023 Al l April 2022 Income Expenditure Real Economy Lab Strengthening the Mycelivm Neiwork Trainin8 for Transitlon Transition Research Network Transltlon Together Transition Together IEcolise Sparks) S.657 5,657 3rxi,000 13C(J,0001 14.7761 8,350 3.574 3.164 1931 13,0001 1497,9311 164 413.805 911,829 1.025 1,025 17,078 1,212.854 1805,7071 424.225 Real Economy Lab Fundin8 received from Fondation ChaTle5 Leopoid Mayer pour le Progres de I'Hommes. whlch provldes fundings for a project to develop a vision for alternati¥e economics in a low carbon world. strengthening the Mycelium Network Received from an anonymous funder. this fundlng has been recelved to stlmulate regenerative change. Sustainable Tlverton Legacy donaiion received from the The Wi5hard Family Trust specifically to 5UPPOrt the Friends of River Exe IFOREI project which is bein8 undertaken by Sustainable fiverton. a separate Transition entity. Transition Network 27

  14. Analysis of charitable fvnds ic0ntwM￿Yj Training for Transition A movement for Good award nominated by Etdesia5tical Insur8nceOffice plc and received from Charities Trust. The funding will provide online Training lor Trainers course. Transitlon Togethèr Funding received from The National Lottery Community Fund with the purpose of buildin8 the capacity of Transition groups across the UK. creating the conditions to enable further local experimentation. peer connection and support, and cr055-pollination of ideas. Transltlon Together IEcolSse Sparks) Funding ieceived from Ecolise Sparks which will aid the implementation of Climate Outreach Training on working with Councils for regenerative change.

  15. Analysis of net a$5ets between funds Uniesirirted Fund5 Restricted Funds Total Funds 2024 Tangible fixed assets Current asse15 1 Iliabilrtiesl 679 351,329 679 484,434 133.105 Net assets 133.105 3S2.008 485,113 Llnrestrlcted Funds Restrlcted Funds Total Funds 2023 Tangible fixed assets Current assets / Ilsabilitiesl 743 132.724 743 556,949 424,225 Net assets 133,467 424,225 557.692
  16. Analysls of chanKeg In net debt At l Apr 2023 At Cash flows 31 Mar 1024 Cash at bank and In hand 616,308 28.720 645,028
  17. Related parties Durin8 the year a grant award of £IO,C(JO was made to Transltlon Town Tootlng. a local community group in which Richard Couldrey, a staff member of Transition Netwoik, is a150 a member as well as former Trustee Hilary Jennings. Transition Network 28