2025-12-31-accounts

Transformational Enterprise A 4 Ne￿Ork Y4P,V' liv Transformational Enterprise Network Report and Financial Statements Year Ended: 31 December 2025 Charity No: 1194973

Referenc• and administrative Inforn￿tiOn Trustses J C A Marshall, Chair of Truslees l T Pounce N J Houghton l Banda G Dandy Executlve Dlrector J C A M8rshall Registered Office 88nkside, Sandy Lane. ￿8Verharn. NORTHWCH. Ch8shir8. CW8 3PX. Charlty Number. 1194973 Bankors National ￿￿trnin8ter Bank Pl Report of the trustees for the year Ondlng 31 December 2024 The trustees present their annual report and financial statemenls for the period ending 31 December 2025. Structure, govornance and management Transfomational Enterprise Nelwork (TEN) is 8 registered chanty, number 1194973. It is govemed by a CIO "Foundab'on 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 social 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 se￿e for three years after which they may put themselves forward for re-appointment. The constitution provides for the minimum of 3 trustees to a maximum of 12 trustees. N.Houghton and J.Marshall were reappointed in 2025. Trustees give their time fredy and no trustee remuneration was paid in the last year. Our Patron, Lord Michael Hastin s. was appointed in 2021. The Board has agreed financial authorities and a gr8nt making policy. Risk management reviews are considered by the trustees annually. Cover Photos: Momt*rs' retroaL Laurth pastors. Ex￿In9s5 Start-up trariing. Addis Ababa,. Sands Fish Fam, Kampala,. TEN team me8ting trainThJ hub ￿￿￿￿rS, Errtebbe", P￿jg￿Y, Bukedea, Uganda., TANU Fish Farm. n8ar Soroti. Start-up trainees. Mbalg.

Objectives and activities for the public benefrt The objects of the CIO are.. 'The prevention or relief of poverty, for the public benefft, anywhere in the vrforld, by the provision of training and support on the creation or development of businesses and other enterprises to indivrduals or organisations and charities working to prevent or lieve poverty, 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 bng temi dependent on donations)., builds dignity and self- esteem; and avoids creakn'ng a dependency culture. This is achieved by growng a communty of members who share a common Christian faith, have a desire to allewate poverty. are willing to volunteer their business skills and experience for TEN on a pro bono basis, and a￿ accountable to each other through small groups. There are two types of project that we support for the public benefit: 1. Those identified by TEN where we invite members to engage as mentors, advisors, trainers, donors, etc. and where we may provide grants to facilitate financially self-sustaining initiatives. 2. Enterpris&b8sed povety alleviation projects set up by members, where TEN helps provide accountability, prayer support and speoalist advice from other members. A particular asset is the 'lntematK)nal" edrtion of TEN'S Mind Your Own Business (MYOB) business stsrt-up workbook and templates, which is freely in several languages on our website. The trustees confim that they have referred to the Charity Commission's general guidance on public benefft when reviewing and planning our activities outlined below and in setting our grant making policy. Activlti08 Sn 2025 We had 355 subscribers including 95 individual and organisational members or regular donors at 31 December 2025. Members benefft from a website ￿.lencOmMUnIt .ne with resources and directories; monthly enews arKI online meetings; annual retreats and occasional "Expo. trips {at additional cost). Highlights of 2025 indude the following. We supported members through a monthly online gatherings., 8 small monthly support and accountability group,. and a 24-hour retreat at Launde Abbey. Four videos of the business start-up course V￿re prOdU￿d. based on presentstions given at the Stronger Netrwork Conferen￿ in January 2025. These a￿ available free on the TEN websrte. DIr￿tor Jery Marshall led a members Expo. (exposure) trip to Uganda and Ethiopia, wsiting projects and delivering micro business start-up training to approximately 300 people and potential trainers in Mbale and Addis Ababa. Tvrfo hubs for training and revolving loan funds were estsblished in Kampala and a further hub in Addis Ababa.

We supported our Kenyan partner Gra￿ Development Foundation (GDF) through a difficult issue and we are helping them restructure as a distributed church-based ministry, to improve ￿lIlenCe. We helped our partners in Eastern Uganda. Nyero Alternative Technology Training Centre (NATTC) and Transfonnational Adv(xacy Network Uganda (TANU) to further develop guest house and fish fam enterprises designed to generate income to support their v(tsts'onal training. We also continued to support projects in Madagascar and Burundi. Life For All, India, received a grant from a restricted donation to TEN, enabling their Economic Emwwemient Training Programme team to spend 18 days with the Gond tribe in India. They conducted 26 seminars, training 450 individuals. with an expected direct impact on more than 3.000 people. Plan8 for the Futurn We are holding our second London 'From Handouts to Handshakes. conference in Partnership with other networks and NGOS on 27 March 2026. As we approach our 5th anniversary. the trustees are meeting for a 24-hour strategy day in London on 14115 April, to review our progress and priorrties. A group will be attending the 'Come and Meet Your Business Partnerf event and an entrepreneurs, retreat with our partners in Burundi in November l December 2026. As aTrways, we are grateful to our members and donors for their continuing support.

The Transformatlonal Enterprise Network Statement of Financial Activities For the year ending 31 December 2025 Total Funds 2025 £ Total Funds 2024 £ funds £ funds £ Incomlng resources Membership donations Other donations 1c 7.718 8.050 7,718 41.935 8,298 19,330 33.885 Gift Aid 2,611 1.065 1,582 4,193 1,065 1,626 Event Incoff 6,093 Total Incomlng r•8ourc 19,444 35M67 64,911 35,347 Rosourcm expended Costs of r8i&ng lunds Donation payment fees Marketing and fundraisirvJ Direct costs 1d 259 259 338 355 355 {800) Grants 10.822 1,152 1,310 3,161 38,886 49,708 1,152 1.310 3,161 14,224 1,163 7,798 1,830 l•leb ho8tFng Event Costs Materials & expenses Support & govemance costs Computing & Comm8 Totsl mourus exp•nded 276 278 155 17.336 38.886 56.221 24.708 Funds carrlod forward 2,108 6.701 (3h19) 6,000 11,3101 12,701 10,839 2,062 Fund balances bn Transfers bet%•een funds Fund balances c 8.809 2,581 11,390 12.701

The Transforniational Entsrprise Network Balance Sheet as at 31 December 2025 Totsl Funds 2026 £ Tot81 Funds 2024 £ funds £ funds £ Flxed assets Curront Assets Bank ac£ount 5.250 3,559 2,581 7,831 3.559 12,701 Prep8yment Accruals Not curr•nt aM•ts 2,581 11,390 12,701 12,701 Total a•sets Reprnsented by.. Restricted funds 2,581 8,809 11,390 6,000 6,701 12,701 Unrestricted funds Note• to the account• 1. Accountlng pollcl•• (•) B•sl• ol prnparallon The finanaal statements are prepared under the historic ￿5t convention in a¢xordanc8 with the Statement of Recommend&J Pr￿lICe Accounting arKI Reporting by Charities (SORP 2015) and applicable UK Accounting Standards (FRS10218nd the Charities Act 2011. The CIO was entitled to exemption from audit under section 144 of the Charities Ad. The charity constitLrtos public benefft ethity a8 defined by FRS 102. {bl Funds Unrestricted lunds are funds which as available for use at the dSscretlon of the trusle8s In furtherance of the objeth'ves of the chanty. Restricted funds are funds to be u8ed in accordan with the speofic instructions of the donor. Ic) Incomlng rmources All incoming resources are reLX)gnised once the charity has entiuement to the re80urce8, rt is certain the resources wll be recei4￿ and the monetary value can be measured with Suffiaent reliability. There has been no offsetting of assets and 11a￿.1￿11es. or income and expenses. unless required or pemirtted by the FRS 102 SORP or FRS 102. The value of unpaid donated Serw￿5 has not been induded. Id) RMourcos •xwndod Liabilities are recognised as expended as soon as there is a legal or o)nstructive <)bligation committing the charity to the expenditure. All expenditure is accounted on an a(￿rn￿lS basis under headings that aggregate all costs in that category. Expendrture indudes attributable VAT which cannot be recoverwj. Grants are Pay￿￿ntS made to third parties in furtherance of the objectives of the chanty. Trustees received no emoluments or expenses.

1. Restricted Funds £2,000 donated for GDF and £581 for TANU, both pad earfy in 2026.
2. Propaym•nts Venue for conferencé 27 Mar 26 less Ibcket sales: arKI venue for Trustees strategy day 14115 Apr 26.
3. Glft Ald Gift Aid receivable is induded in Incon￿ when there is a valid dedaration from the donor. Any Gift Aid amount recO￿tred on a donation is considered to be part of that gift and is treated as an addition to the same furKI as the inilial donalion unless the donor or the tem$ of the appeal have speafied otherwise.
4. Anatysls of grants made 2028 (£) Cou 8urnndl Ethloplo Indla Kenya R•8trl¢t•d Total £634 £2,376 El,015 £6.000 £30.250 £705 £1,971 £2.998 £2.219 £1,540 £49.708 Fish farm training Training costs and hub support LFA enterprise trainlng sUPPOrt GDF Administrator GDF Gener•1 fvnds E¢￿$t0¥e / fuel projert TANU fish farm and genernl costs NA￿c well Enterprise support "Smart Projects" £634 £2,376 £1,015 £6,CD) £30.025 £505 £267 £225 £21XI Madaiasc•r £1,704 £2,998 £1,370 £1,315 £10.822 £849 £225 TOTAL Report and Fin8ncial Statements approved by Trustees on 24 January 2025 and signed on t r behalf by Jerry all, Chair of Trustees

Report of the Independent Examiner The financial statements and accounts of Transfomiational Enterprise Network for the ye8r ending 31 Dec 2025 have been found to show a true and co￿eCt record of all financial transactions and nothing has oThe to my attention that gives me any cause for concem. JJC Freeman, Chartered Engineer Date: l )L