Transformational
Enterprise
etwork
HANDOUTS
ANDSHAKES
Transforniational Enterprise Network
Report and Financial Statements
Year Ended: 31 December 2024
Charity No: 1194973

Reference and administrativ• inforniation
Trustses
J C A Marshall, Chair of Trustees
l T Pounce
N J Houghton
l Banda
G Dandy
Executlve Dlrector
J C A Marshall
Registered Offlce
B8nkside, Sandy Lane, Weaverham, NORTHWICH. Cheshire. CW8 3PX.
Charlty Nurn￿r: 1194973
Banker8
National Westminster Bank PIC
Report of the truste•• for the year •ndlng 31 December 2024
The trustees present their annual report and financial ststements for the period ending
31 December 2024.
Structure, govemance and management
Transformational Enterprise Network (TEN) is a registered charity, number 1194973. It
is governed by a CIO 'Foundation Model. constitution dated 9 November 2020.
Executive Director Jerry Marshall works on a pro bono basis. He is an entrepreneur
who has founded a range of businesses and ￿181 enterprises. has been especially
engaged in business solutions to poverty, and developed the 'Mind Your Business.
training material available free from TEN.
New trustees are appointed by existing trustees and serve for three years after which
they may put themselves forward for re-appointment. The constttution provides for the
minimum of 3 trustees to a maximum of 12 trustees.
Trustees give their time freely and no trustee remuneration was paid in the last year.
Our Patron, Lord Michael H stin
s, was appointed in 2021.
The Board has agreed finana81 authorities and a grani making policy.
Risk management reviews are cnnsidered by the trustees annually.
Cover Photos". London Confw•n¢e Fmm HaTr*xrts to Hafftlshakes.. business start-up training in Uganda,.
gu&$l houses suppryting NArrc'. sea trials aTrJ m8mters' retreat on IslarLI Reach bef(Ye st was
delivered lo Madagascar to F￿vIde medical dental Serv￿S.

Objectlves and activities for the public benefrt
The objects of the CIO are:
'The prevention or relief of poverty, for the public benefit, anyMthere in the wodd, by the
provision of training and supwrt on the creats'on or development of businesses and
other enterprises to individuals or organisations and charities working to prevent or
relieve wverty, as a practical expression of the Christian faith."
Our prime purpose is to develop enterprise-based solutions to poverty, an approach
that is: sustainable (not long tem dependent donations): builds dignrty and self-
esteem,. and avoids creating a dependency culture.
This is achieved by growing a community of members who share a common Christian
faith, have a desire to alleviate poverty, a￿ willing to volunteer their business skills and
experience for TEN on a pro bono basis. and are accountable to each other through
small groups.
There are two types of project that we support for the public benefit:
1. Those identffied by TEN where we inwte members to engage as mentors,
advisors. trainers, donors, etc. and where we may provide grants to faalitate
finanaally self-sustaining initiatives.
2. Enterprise-based poverty alleviation projects set up by members, where TEN
helps provide accountability. prayer support and speoalist advice from other
members.
A particular asset is the "Internation81' edition of TEN'S Mind Your Own Business
(MYOB) business start-up workbook and templates, wthich is freely in several
languages on our website.
The trustees confimi that they have referred to the Charity Commission's general
guidance on public benefit when reviewing and planning our activities outlined below
and in setting our grant making policy.
Actlvltle8 In 2024
We have 290 subscribers including 80 indiwdu81 and org8ni8ational members or
regular donors. Members benefit from a website v#N￿.1encommUnlt
. net including
directories,. monthly eNews and Zoom gatherings: a members, forum,. and a support
and accountability group.
Highlights of 2024 indude the following.
We delivered a very well received day conference in London in June on behalf of
an informal alliance of five organisations in a similar field. The aim w8S to inspire
delegates to use their skills and resources to develop business solutions to
poverty. Comments induded.. "A triumph"... r)ne of the best conferences I have
ever been to.
We supported members through a monthly online gathering., a small support and
accountability group; and a short "retreat. on a small YWAM ship 'lsland Re8ch°.
This also fomied part of their sea trials prior to deployment on Madagascar to
provide medical and dental services.
Director Jery Marshall delivered micro business start-up training to 200 people
and potential trainers across Uganda. Trainees from these sessions have
subsequentiy trained approximately 2,000 further Ugandans.

We successfully sought funding from tsvo UK grant making trusts to enable our
Kenyan partner Gra￿ Development Fwndation (GDF) employ an urgently
needed administrator. GDF have helped ¢￿ate over 255,000 small businesses
and 2,600 savings and loans groups with 4,200 volunteers.
We helped our partners Nyero Altemative Technology Training Centre (NATTC)
near Kumi. Uganda to complete three guesthouses near the ancient Nyero rock
paintings and listed the facilrties on Booking.com. This resulted in a stream of
bookings and 8 9.3 'superb' rats'ng, generating income and enabling hospitability
training at NA￿C. Already work has started on building two more guesthouses
without additional TEN funding.
Plans for the Future
We continue to work on the priorities agreed in 2022, which are to build long tenn
sustainability; increase impact,. and grow communty.
As well as regular online events, we are developing a video version of the Mind Your
Own Business course and are planning a ￿treat and possibly a fvrther conference.

The Transformational Enterprise Network
Statement of Financial Activities
For the year ending 31 December 2024
Unrostrfcted
funds £
Restricted
funds £
Total Funds
2024 £
Total Funds
2023 £
Incomlng rnsources
Membership donations
Other donalions
1c
8,298
950
8,298
19.330
1,626
6,093
36.347
5,790
9,630
1.037
18,380
Gift Aid
1.626
Event Income
6,093
16,967
2,991
19.448
Total Incomlng resources
18.380
Rosources •xp•ndod
Costs olraising funds
Donation payment fees
Markeling and fundrai￿r￿a
Dirnct Gosts
1d
338
338
222
(800),
(800>
(3,700),
Grants
12,380
14,224
21,268
Web hosting
Event costs
1,163
7,798
1.830
1,163
7,798
1,830
1,080
2,991
1,951
Materials & expenses
Support & govemance costs
Computing & Comms
Totsl r•$ource• •xp•nd•d
155
155
144
12,328
12.380
24,708
23.956
Funds carrfed forward
4.639
2,062
10,639
2.062
{4,508)
6,570
Fund balances bll
Trensfers between funds
Fund balances eJf
6.701
6,000
12.701
2.062
Rtfund of NPG fund rn15in¢ fees

The Transformational Enterprise Network
Balance Sheet as at 31 December 2024
Restrlcted
funds £
Total Funds
2024 £
Total Funds
2023 £
funds £
Flx•d assets
Currnnt Asuts
Bank account
6.701
6.000
12,701
757
Prep8yment
Accruals
1.305
Net curr•nt amets
6.701
6,701
6,IXIO
6,000
12.701
12.701
2,062
2.062
Total ••sets
R8pr8S8nted by..
Restricted funds & prowsions
Unrestricted funds
6.000
6,701
12.701
2,062
2.062
Notes to the accounts
1. Accountlng polkles
(al Ba•h of prnp•r4tk
The financial stalements are prepared under the historic cost convention in accordan￿ wtth the
Statement of Recommended Prxtice A(￿UntIng and Reporting by Charities (SORP 2015) and
applicable UK Accounting Standards {FRS102) and the Chants'es Ad 2011. The CIO was
entitled to exemption from audit under section 144 of the Chaiitie8 A(#. The charity constitute8
a public benefft entity as defined by FRS 102.
Ib) Funds
Unrestricted funds are funds which as available for use at the discretion of the trustees in
furtheran￿ of the obpctives of the charity. Restricted funds are funds to be used in accordan
with the specific instructions of the donor.
(C) Incomlng r•source8
All incoming resources are recognised once the chanty has enbtlement to the resources, it is
certain the resources will be receiled and the mnetary value can be measured with suffiaent
reliakn'lity. There has been no offsetting of assets and liabilities, or incoffe and expenses,
unless required or perynitted by the FRS 102 SORP or FRS 102. The value of unpaid donated
8en4ices has not been induded.
(d) Resources expended
Liabilities are reo)gnised as expended as soon as there is a legal or constructive obligation
committing the chanty to the expenditure. All expenditure is ￿Unted on an basis
under headings that aggregate all costs in that category. Expenditure indudes attributable VAT
which cannot be recove￿￿. Grants are payments maye to third parties in furtherance of the
objectives of the charity. Trustees receiv&J no emolumerrts or expenses.

2. Glft Ald
Gift Aid receivable is induded in incoffo when Ihere is a valid dedaration from the donor. Any
Gift Aid amount recJ)vered on a donation is COn￿dered to be part of that grft and is treated as
an addition to the same fund as the iniknal donation unless the donor or the te￿S of the appeal
have S￿￿fied otherwise.
3. Anatysls of grants mad• 2024 (£)
Cou
Burundl
Kenya
Pu
Printin8 workbook in Kirundi
GDF Administrator
GDF General funds
Eco-stove I fuel projert
TANU Well
NAThC sofa bed for guest house
Training events books and pens
Training events catering costs
Dorcas Dress Project
Island Reach
Jubilee +
Stronger Network
R￿trIcted
£450
£6,000
£2,965
Total
£450
£6,000
£2,965
£234
£2,045
£75
£144
£506
£2Tr)
£1,455
£50
£100
Mada
U8anda
£234
£295
£75
£144
£506
£2
£240
£50
£iLwJ
£&844
£1,750
UK
£1,215
TOTAL
£￿380
Report and Financial Ststements approved by Trustees on 24 January 2025 and
signed on t
r behalf by
Jery
all, Chair of Trustees

Report of the Independent Examiner
The financial statements and accounts of Transfonnational Enterprise Network for the
year ending 31 Dec 2024 have b￿n found to show a true and correct record of all
financial transactions and nothing has come to my attention that gives Me any cause
for con￿M.
JJC Freeman, Chartered Engineer, 6 February 2025