## Trustees’ Annual Report Period: 1[s t] Octobe r 2 022 to 30[t h] September 2023 ## 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 2023. 1 ## 5. Financial Review The Foundation was set up by the employees of Patrick Morgan Search Ltd., ‘the Firm.’ There was no financial activity in 2023. ## 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. 2 ## 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 - 3[rd] floor, Regus, The News Building - 3 London Bridge Street, London, SE1 9SG ## 7.5 Charity Trustees **----- Start of picture text -----**
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
**----- End of picture text -----**
## 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: 28[th] February 2025 3 Docusign Envelope ID: E0D96B11-D572-4D75-995D-F916E18CBB77 **----- Start of picture text -----**
PATRICK MORGAN FOUNDATION No (if any)
1188297
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/10/2022 30/09/2023
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
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 - - - - -
Consulting fees - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
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 - - - - -
**----- End of picture text -----**
CCXX R1 accounts (SS) 1 Docusign Envelope ID: E0D96B11-D572-4D75-995D-F916E18CBB77 ## **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
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
Cash at bank
**Details**
Signature|**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)**
Date of
approval
28/02/2025| CCXX R2 accounts (SS) 2