Trustees’ Annual Report
Period: 1[s t] Octobe r 2 021 to 30[t h] September 2022
1. Charity Name
Patrick Morgan Foundation
2. Charity registration number
1188297
3. Objectives and Activities
As set out in the governing document—the Constitution—the Patrick Morgan Foundation’s objectives are to advance in life and help young people by providing support and activities which develop their skills, capacities, and capabilities to participate in society as mature and responsible individuals.
The Patrick Morgan Foundation—the Foundation—aims to eliminate the youth unemployment gap—young people from disadvantaged backgrounds are twice more likely to end up longterm NEET than their better off peers—and motivate and inspire young people to pursue the career path of their choice, regardless of their socioeconomic circumstances.
4. Achievements and Performance
There was no activity in 2022.
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5. Financial Review
The Foundation was set up by the employees of Patrick Morgan Search Ltd., ‘the Firm.’ There was no financial activity in 2022.
6. Structure, Governance, and Management
6.1 Type of governing document
Constitution adopted on the 2[nd] of March 2020.
6.2 How is the charity constituted?
Charitable Incorporated Organisation (CIO).
6.3 Trustee selection process
In selecting individuals for appointment as appointed charity Trustees, the charity Trustees must have regard to the skills, knowledge, and experience needed for the effective administration of the Foundation. Every Trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity Trustees where a two-thirds majority of Trustees is required to pass the resolution. At the end of a three-year term, every Trustee will be subject to re-appointment, via a resolution passed at a properly convened meeting of the charity Trustees where a two-thirds majority of Trustees is required to pass the resolution.
6.4 Policies and procedures
The Foundation currently holds Safeguarding, Health & Safety and Equality & Diversity policies. Its safeguarding policy is the most significant, as the Foundation’s main services are directed at young people; all Trustees must behave in a professional manner when interacting with such an audience. The Health & Safety policy aims to guarantee that all Trustees have full knowledge of how to perform their work without risk to their health and provides guidance in the event of an accident, fire, natural disaster, or other emergency. Diversity, inclusion, and equity are important values of the Foundation; the E&D policy obligates Trustees to avoid discrimination and create a safe and inclusive environment for fellow Trustees and target beneficiaries of their services.
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7. Reference and Administrative details
7.1 Charity name
Patrick Morgan Foundation
7.2 Other name the charity uses
N/A
7.3 Registered charity number
1188297
7.4 Charity’s principal address
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3[rd] floor, Regus, The News Building
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3 London Bridge Street, London, SE1 9SG
7.5 Charity Trustees
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Name of the Charity's Trustees
Alexandra-Marina Hercka Charity Trustee
Angelos Andreou Charity Trustee
Carla Meire Crocoli Charity Trustee & Secretary
James Patrick O’Dowd Charity Trustee & Chair
James Phillip Ransome Charity Trustee & Treasury
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8. Declaration
The Trustees declare that they have approved the Trustees’ report above.
Signed on behalf of the Foundation’s Trustees,
Signature Full name: James O’Dowd
Date: 30[th] December 2024
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DocuSign Envelope ID: 2421E8E6-08D0-43E5-8D7D-CB6073B76A58
| PATRICK MORGAN FOUNDATION | PATRICK MORGAN FOUNDATION | No (if any) | ||
|---|---|---|---|---|
| 1188297 | ||||
| Receipts andpayments accounts | CC16a | |||
| For the period from |
01/10/2021 Period start date |
30/09/2022 Period end date To |
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Grants and donations | - | - | ||||
| Publications | - | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
- | - | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| - | ||||||
| Software subscription | - | - | ||||
| Consultingfees | - | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | - | - | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| - | ||||||
| - | - | - | - |
- | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - |
CCXX R1 accounts (SS)
23/08/2023
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DocuSign Envelope ID: 2421E8E6-08D0-43E5-8D7D-CB6073B76A58
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Details Cash at bank Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 15 10,080 - - - - 15 10,080 Agreement Error Agreement Error Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name James O'Dowd |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
|||
| James O'Dowd | 23/08/2023 | ||
CCXX R2 accounts (SS)
23/08/2023
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