IRIS Accounts Production v24.1.0.578 Other Company accounts True false Pounds 1.2.23 31.1.24 31.1.24 FY Mr S D McGreevy Mr J W Skinner Mr M D Sterling FRS 102 Unaudited Small companies regime for accounts Full Charities SORP true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046670352023-01-31046670352024-01-31046670352023-02-012024-01-31046670352022-01-31046670352022-02-012023-01-31046670352023-01-3104667035ns0:CharitableCompanyLimitedByGuarantee2023-02-012024-01-3104667035ns15:PoundSterling2023-02-012024-01-3104667035ns0:Trustee22023-02-012024-01-3104667035ns0:Trustee32023-02-012024-01-3104667035ns0:Trustee12023-02-012024-01-3104667035ns11:FRS1022023-02-012024-01-3104667035ns11:AuditExempt-NoAccountantsReport2023-02-012024-01-3104667035ns11:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104667035ns11:FullAccounts2023-02-012024-01-3104667035ns11:CharitiesSORP2023-02-012024-01-3104667035ns16:EnglandWales2023-02-012024-01-3104667035ns11:RegisteredOffice2023-02-012024-01-3104667035ns10:PreciousMetalsSegment2023-02-012024-01-3104667035ns0:Activity82023-02-012024-01-3104667035ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-02-012024-01-3104667035ns0:Activity82022-02-012023-01-3104667035ns0:TotalUnrestrictedFunds2023-02-012024-01-3104667035ns0:TotalRestrictedIncomeFunds2023-02-012024-01-3104667035ns0:TotalUnrestrictedFunds2023-01-3104667035ns0:TotalRestrictedIncomeFunds2023-01-3104667035ns0:TotalUnrestrictedFunds2024-01-3104667035ns0:TotalRestrictedIncomeFunds2024-01-3104667035ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-01-3104667035ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-01-3104667035ns10:WithinOneYear2024-01-3104667035ns10:WithinOneYear2023-01-310466703522023-02-012024-01-3104667035ns0:TotalUnrestrictedFunds2022-02-012023-01-3104667035ns0:TotalRestrictedIncomeFunds2022-02-012023-01-3104667035ns0:Activity8ns0:TotalUnrestrictedFunds2022-02-012023-01-3104667035ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-02-012023-01-31
REGISTERED COMPANY NUMBER: 04667035 (England and Wales)
REGISTERED CHARITY NUMBER: 1099302
















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Statement of Financial Position 4 to 5

Notes to the Financial Statements 6 to 10

TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL (REGISTERED NUMBER: 04667035)
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2024. The trustees have adopted the provisions of FRS 102 and the Statement of Recommended Practice (SORP) applicable to charities.

OBJECTIVES AND ACTIVITIES
Objectives and aims
Transformational Business Network International (TBNI) was formed with the objective to provide or assist in the provision of training and business advice and other assistance to relieve poverty and promote social and economic development. Its mission is to use its global network to catalyse purpose-driven entrepreneurs to help build impactful businesses and unlock investments in emerging and frontier markets. The goal is to enable entrepreneurs to scale their businesses exponentially to create jobs and prosperity for all. In shaping our specific objectives, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance, "public benefit: running a charity" (PB2).

TBNI pursues its goals through the financial and material support of affiliated charitable organisations in each new territory. TBNI continues to work towards its ambitious targets to achieve greater impact among communities at the base of the pyramid.

Our core values remain to support purpose-driven entrepreneurs to challenge the status quo - to pursue not only personal wealth creation, but also to serve others, to steward resources to create prosperity for families, communities and their nation. TBNI pursued its objectives in conformity with our values through our activities during 2023/24.

ACHIEVEMENT AND PERFORMANCE
Highlights of 2023/24

TBNI focussed on concluding the transition of affiliates in East Africa and Asia to become self-sufficient and to operate independently from UK oversight. TBNI completed its programs with both projects and has enabled these affiliates to pursue broad TBN objectives whilst developing their own sustainable funding and organisational capacity.

TBN International is now focussed on developing its UK network of purpose-driven entrepreneurs to initiate projects with like-minded network members, to develop new programs and sources of funding for TBN’s ongoing mission.

FINANCIAL REVIEW
Financial position
Throughout the past financial year TBNI has operated with voluntary support from Trustees and members, which has minimised overhead and ensured that funding received can be committed 100% to projects. TBN spent £1,914 for its own activities (2023: £1,963), which was funded entirely by membership donations from individual supporters, and from unrestricted reserves.

TBNI recorded net expenditure of £1,629 in the year (2023: net expenditure £941), as it used unrestricted funds for current activity. The charity retains reserves of £15,918 all of which are unrestricted. Support and governance costs of TBNI are at their lowest level in the year under review - TBNI has now established its operations to continue with voluntary initiatives and support. TBNI received £285 of membership donations in the year and will continue to re-activate its support network in 2023/24.


TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL (REGISTERED NUMBER: 04667035)
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024


FINANCIAL REVIEW
Reserves policy
TBNI’s policy is to hold reserves adequate to ensure that forecast expenditures are met by currently available cash and committed grant funding. Restricted funds will be allocated in accordance with the constraints specified by the donor and the balance of funds required will be met from unrestricted funds. The Directors have prepared cash flow forecasts for TBNI for a period of at least 12 months from the date of approval of these financial statements, which show that TBNI will be able to meet its obligations when they become due.

GRANTS MAKING POLICIES
As this is currently a limited direct activity, each opportunity and request are reviewed on a case-by-case basis as funds permit.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Transformational Business Network International is registered as a charitable company limited by guarantee and is governed by the Memorandum and Articles of Association dated 21 December 2016.

There were no changes in the structure or management of the company during the period of this report.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04667035 (England and Wales)

Registered Charity number
1099302

Registered office
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

Trustees
The trustees who served the charity during the period were as follows:

Mr S D McGreevy
Mr J W Skinner
Mr M D Sterling

Approved by order of the board of trustees on 24 October 2024 and signed on its behalf by:




Mr M D Sterling - Trustee

TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 285 - 285 1,022

EXPENDITURE ON
Charitable activities
Support and governance costs 1,915 - 1,915 1,963

NET INCOME/(EXPENDITURE) (1,630 ) - (1,630 ) (941 )


RECONCILIATION OF FUNDS
Total funds brought forward 15,918 - 15,918 16,859

TOTAL FUNDS CARRIED FORWARD 14,288 - 14,288 15,918

CONTINUING OPERATIONS
The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditures have arisen from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL (REGISTERED NUMBER: 04667035)
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Investments 6 - - - 1

CURRENT ASSETS
Debtors 7 14,732 - 14,732 12,275
Cash at bank 1,431 - 1,431 4,432
16,163 - 16,163 16,707

CREDITORS
Amounts falling due within one year 8 (1,875 ) - (1,875 ) (790 )

NET CURRENT ASSETS 14,288 - 14,288 15,917

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,288

-

14,288

15,918

NET ASSETS 14,288 - 14,288 15,918
FUNDS 9
Unrestricted funds 14,288 15,918
TOTAL FUNDS 14,288 15,918

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL (REGISTERED NUMBER: 04667035)
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 24 October 2024 and were signed on its behalf by:





Mr M D Sterling - Trustee

TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
Transformational Business Network International is a private charitable company limited by guarantee incorporated in England and Wales, registered number 04667035. Details of the registered office and principal activities are included in the company's Trustees’ report.

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The accounts are prepared in Pounds Sterling (£) and amounts have been adjusted to the nearest £.

Transformational Business Network International is a Public Benefit Entity as defined by FRS102.

GOING CONCERN
The company’s financial statements have been prepared on a going concern basis, which the directors believe to be appropriate for the following reasons. The directors have completed a detailed review of current trading which has included consideration of the financial position as at the date of approval of these financial statements and the projected results and financial position covering 12 months from the date of approval of these financial statements. The charity has reserves and grants committed sufficient to meet its current and future obligations.

INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. Donations and grant income are recognised on receipt, provided all conditions pertaining to the donation have been met.

EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

TAXATION
The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING
General funds are unrestricted funds which are available for the use at the discretion of the trustees in furtherance of the general objectives of Transformational Business Network International and which have not been designated for the other purposes.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


1. ACCOUNTING POLICIES - continued

FUND ACCOUNTING

Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand, overdrafts and short term highly liquid investments such as bank deposits less advances from banks repayable within 3 months from date of advance.

Accounting judgements and estimates
In applying the Group’s accounting policies, which are described in note 1, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates.
The estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. In the opinion of the Trustees, no significant judgements or estimates were required in the preparation of these statements.

2. DONATIONS AND LEGACIES
2024 2023
£    £   
TBNI Memberships and Subscription 285 1,022

3. SUPPORT COSTS
Finance Other Totals
£    £    £   
Support and governance costs 95 1,820 1,915

TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. SUPPORT COSTS - continued

The charity differentiates between fundraising, program & implementation, and support & governance costs. Costs are allocated between these categories based on time spent or specific allocations for disbursements.

No fundraising costs nor program & implementation costs were incurred in the current or prior year.

Support and governance costs in the current and prior year were incurred entirely from unrestricted funds.

4. TRUSTEES' REMUNERATION AND BENEFITS

There was no Trustees’ remuneration paid for the year ended 31 January 2024 nor for the year ended 31 January 2023. There were no amounts reimbursed to Trustees during the year for expenses incurred in carrying out their duties (2023: £Nil).

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,022 - 1,022

EXPENDITURE ON
Charitable activities
Support and governance costs 1,963 - 1,963

NET INCOME/(EXPENDITURE) (941 ) - (941 )


RECONCILIATION OF FUNDS
Total funds brought forward 16,859 - 16,859

TOTAL FUNDS CARRIED FORWARD 15,918 - 15,918


TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. FIXED ASSET INVESTMENTS

There were no investment assets outside the UK.

The investment in the associated company TBN Business Growth Services Ltd has been written off during the year as company was dissolved on 22 October 2019.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,597 -
Trustbridge funds 3,437 3,577
Other Debtors - TBN Ltd 8,698 8,698
14,732 12,275

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,875 790

9. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 15,918 (1,630 ) 14,288

TOTAL FUNDS 15,918 (1,630 ) 14,288

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 285 (1,915 ) (1,630 )

TOTAL FUNDS 285 (1,915 ) (1,630 )


TRANSFORMATIONAL BUSINESS NETWORK
INTERNATIONAL
FORMERLY TRANSFORMATIONAL BUSINESS
NETWORK FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.2.22 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund 16,859 (941 ) 15,918

TOTAL FUNDS 16,859 (941 ) 15,918

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,022 (1,963 ) (941 )

TOTAL FUNDS 1,022 (1,963 ) (941 )

10. RELATED PARTY DISCLOSURES

Grants to affiliated charities are detailed in Note 3.

TBN International has in prior years engaged in transactions with TBN Ltd, a company with common Directors. The purpose of TBN Ltd. is to engage in commercial activity in support of the objectives of TBN International, and the profits of the company are committed to be donated in full to TBNI. The value of transactions with TBN Ltd. was £nil (2023: £nil). The balance outstanding on 31 January 2024 was £8,698 (2023: £8,698).