## **Trustees’ Annual Report for the period**
## **From: 01/01/2024 to 31/12/2024**
## **Charity name: Bridges for Enterprise**
## **Charity registration number: 1196257**
## **Objectives and Activities**
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To relieve and help to prevent the impact of
poverty felt by the beneficiaries of social
enterprises in developing countries, by
providing such disadvantaged entrepreneurs
with free advisory services, education and a
global network of suitable mentors designed
to enhance their business's ability to have
long-term financial sustainability and social
impact in their local communities.|
|---|---|---|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|The charity has advanced its objectives to
serve the public benefit in a significant way
during the period covered by this report. To
this end, the main activities conducted by the
charity include supporting more than 20
social enterprises from Sub-Saharan Africa,
South and Southeast Asia in its Incubation
Programme. These social enterprises are
positively impacting beneficiaries by selling
and/or distributing life-changing products or
services to low-income customers across a
wide array of sectors, including in renewable
energy, healthcare, education, and job
skilling. The free support offered to these
social enterprises in the Incubation
Programme over a 6-8 month have improved
their business models and positioned them
in a financially advantageous manner to
become more financially sustainable, in turn
enhancing their likelihood to sustain and/or
grow social and/or environmental impact for
their beneficiaries.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees of the charity have upheld high
standards set forth by the Charity
Commission to maintain focus on serving a
public benefit set forth in the charity’s
constitution.|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Policy on grant making|Para 1.38|The charity did not make any grants to the
social enterprises that it supports during the
period covered by this report. However,
should grants be made in the future, a policy
on grant making will be developed and
shared in forthcoming annual reports.|
|---|---|---|
|Policy on social investment
including program related
investment|Para 1.38||
|Contribution made by
volunteers|Para 1.38|Part-time unpaid volunteers currently
manage the charity and fulfil all its
operations. Over 200 volunteers, who
include both university students and full-time
working professionals, currently work for
Bridges for Enterprise in different locations
around the world. Major volunteer hubs
include the United Kingdom, United States,
Canada, Singapore, and India, where
volunteers self-congregate to support the
charity’s aim to positively impact the
beneficiaries of underserved social
enterprises in developing countries. To
achieve this, volunteers work in different
capacities and have various roles and
responsibilities.|
|Other|||
## **Achievements and Performance**
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|During the period covered by this report, the
charity has made a significant contribution to
improving the lives of the beneficiaries being
served by the 20+ social enterprises who
participated in the Incubation Programme.
While each social enterprise serves a
different set of low-income beneficiaries in
their own manner, the support provided to
each social enterprise by the charity typically
could not have been obtained elsewhere for
free. As an example, the charity managed to
support a job skills-focused social enterprise
in Kenya by designing a new pitch deck and
building a stronger financial model that
helped the enterprise secure a new grant to
expand its operations and social impact.
That particular social enterprise supports
low-income at-risk youth in urban Nairobi
slums, and with the new capital secured
thanks to Bridges for Enterprise, the social|
|---|---|---|
enterprise will be able to offer additional benefits to those customers by increasing training for employment and placing more youth into local job opportunities. Prior to joining the Incubation Programme, the social enterprise had struggled to find and pay for such kinds of advisory support.
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41|No fundraising took place during the period
covered by this report.|
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|£0|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The charity did not have any annual income
or expenses during the period covered by
this report. No policy is yet in place for
holding reserves.|
|Amount of reserves held|Para 1.22|No reserves were held by the charity in the
period covered by this report.|
|Reasons for holding zero
reserves|Para 1.22|No annual income was earned.|
|Details of fund materially in
deficit|Para 1.24|N/A|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|There are no uncertainties pertaining to the
continuation of the charity at present.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46|The principal risks facing the charity include
the sourcing of suitable disadvantaged social
enterprises for the charity’s flagship
Incubation Programme, sourcing of suitable
volunteers for operational management and
Programme delivery, and long-term financial
sustainability.|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:||Bridges for Enterprise supports early-stage
social entrepreneurs in the developing world.
Our flagship Incubation Programme helps
them scale up and become investor-ready.|
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Apart from the first charity trustees, every
trustee must be appointed for a term of three
years] by a resolution passed at a properly
convened meeting of the charity trustees.
In selecting individuals for appointment as
charity trustees, the charity trustees must
have regard
to the
skills,
knowledge
and experience needed for the effective
administration of the CIO.|
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction and
training of trustees|Para 1.51||
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The charity’s organisational structure is
decentralized by design. Management of the
charity is led by a part-time volunteer team
of 9 professionals who have been part of the
charity for multiple years and serve in 2-year
terms. Their leadership helps to support the
200+ volunteers who work across semi-
autonomous ‘hubs’ across different cities
around the world to advance the charity’s
objectives.|
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Bridges for Enterprise|
|---|---|
|Other name the charity uses||
|Registered charity number|1196257|
|Charity’s principal address|160 Kemp House, City Road, London EC1V 2NX United
Kingdom|
## **Names of the charity trustees who manage the charity**
|1
2
3|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of**
**person (or**
**body)**
**entitled to**
**appoint**
**trustee (if**
**any)**|
|---|---|---|---|---|
||Shaun Teo|Chair|25 October 2021 –
Present|X|
||Tanya
Chiaranussati|Trustee|25 October 2021 –
Present||
||Jordan Wolken|Trustee|25 October 2021 –
Present||
– Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
|Description of the assets
held in this capacity|No assets are held by the charity in this capacity.|
|---|---|
|Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|N/A|
|Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|N/A|
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
||**Type of**
**adviser**
**Name**
**Address**|**Type of**
**adviser**
**Name**
**Address**|**Type of**
**adviser**
**Name**
**Address**|
|---|---|---|---|
||Volunteer|Aparupa Chakravarti|Nairobi, Kenya|
||Volunteer|Angelous Kamande|Nairobi, Kenya|
||Volunteer|Eric Golden|Tokyo, Japan|
||Volunteer|Irina Scarlete|Vancouver, Canada|
||**Name of chief executive or names of senior staff members (Optional information)**|||
||Jordan Wolken|||
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**----- Start of picture text -----**
Signature(s)
Tanya Chiaranussati
Full name(s) Shaun Teo
Jordan Wolken
Position (eg Chair Trustee
Secretary, Chair, etc)
Trustee
Date
8 October 2025
**----- End of picture text -----**