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 cash*enerating 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 cash*enerating 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

10. 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
11. 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
12. Net Incom•
Net income is slated after chargingllcredltln81=
2024
2023
Depreciation of tangible fixed assets
291
326
13. 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

14. 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.
15. 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.
16. 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.
17. Taxatlon
The Charity Is exempi from tax on income under Sectlon 505, Income and Corporatlon Taxe5 Act 1988.
Transition Network 25

18. 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
19. Debtor5
2024
2023
Prepayments and accrued income
Other debtors
6,990
4,802
S,760
11,792
5,764
20. 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
21. 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

22. 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

22. 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.
23. 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
24. 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
25. 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