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2024-06-30-accounts

Trustees’ Annual Report for the period

From 6 June 2023 Period start date To 30 June 2024 Period end date

Charity name: Generation Purpose GPX

Charity registration number: 1203424

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 Generation Purpose (GPX) is a charity
dedicated to developing young leaders and
entrepreneurs particularly from
disadvantaged backgrounds. Our mission
is to equip young people with the practical
skills, knowledge, and mindset needed to
become successful business leaders and
owners. Through our programmes, we aim
to empower beneficiaries with the tools
they need to thrive in their careers and
contribute meaningfully to the wider
economy and society.
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		 Selection of Cohort
GPX partners with local schools to
introduce its Summer Programme to
students. During school visits, GPX
representatives present the opportunity and
highlight the importance of young people
discovering their purpose and potential.
Interested students express their interest
through their teacher, and GPX then
confirms their participation.
To foster a strong support system, GPX
organises a group lunch with the selected
students and their parents just before the
summer holidays. This event helps build
rapport, ensures parents are informed and
engaged, and reinforces the importance of
their support throughout the programme.
Summer Entrepreneurship Programme
This programme is designed to develop

essential skills in young people, preparing them for leadership roles and business ownership. Core components of the programme include:

● Financial literacy, including personal finance and understanding payslips Pitching Event As part of the programme, young people take part in a pitching event where they present a business idea to a panel of business professionals and invited guests. This event is designed to build confidence, encourage creative thinking, and expose participants to real-world business environments, helping to level the playing field for their future careers. Facilitators support participants in developing and delivering their presentations, simulating real workplace expectations. All activities are delivered in line with robust safeguarding policies to ensure the safety and wellbeing of all participants.

The trustees confirm that they have had full regard to the guidance issued by the Charity Commission, ensuring that all activities, decisions, and operations align with the principles of public benefit, transparency, and good governance. The trustees remain committed to adhering to

this guidance to fulfil the charity’s purposes
effectively and responsibly.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 All charity trustees have are aware of and
have regard to the commission’s public
benefit guidance and take it into account
when making a decision to which the
guidance is relevant.

Additional information (optional) You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
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 Generation Purpose is not only
transforming individual futures but also
contributing to a more inclusive and
enterprising society.
Generation Purpose has made significant
strides in empowering over 20 young
people through leadership and
entrepreneurship education. Our Summer
Entrepreneurship Programme successfully
engaged the cohort of students aged
between 14-17, providing them with work
experiences and practical business skills.
Participants reported increased
confidence, improved communication and
presentation abilities, and a better
understanding of personal finance and
business strategy. Several young people
have since gone on to launch small
enterprises or take on leadership roles in
school and community projects—clear
indicators of the long-term impact of the
programme.
Importantly, our work does not stop with
the young people themselves. By involving
parents through pre-programme
engagement events and encouraging
intergenerational conversations around
ambition and purpose, GPX helps
strengthen family and community support
systems.

Additional information (optional)

You may choose to include further statements where relevant about:

To advance the education of pupils by providing and assisting in the provision of programmes not required to be provided by the local education

Achievements against
objectives set		 Para 1.41 authority:
-
successfully delivered 3 summer
programmes across 3 years
including subjects like financial
planning, Business strategy and
personal development.
To develop the capacity and skills of the
members of socially and economically
disadvantaged communities in such a
way that they are better able to identify,
and help meet, their needs and to
participate more fully in the
Marketplace.
-
Delivered 121 coaching for all
students in the programmes. The
coaching programmes helped
students overcome challenges that
were hindering their progress.
-
Exposed students to organisations
like Meta, BBC and recruitment firm
DVS recruitment, where they took
part in activities to help improve
their future employability and
where they gained a better
understanding about the workforce.
To act as a resource for young people
up to the age of 25, by providing advice
and assistance and organising
programmes of educational and self-
development as a means of:
(a) advancing in life and helping young
people by developing their skills,
capacities
and capabilities to enable them to
participate in society as independent,
mature and responsible individuals;
(b) advancing education;
(c) relieving unemployment;
(d) providing activity in the interests of
social welfare for people who have need
by
reason of their youth, and social and
economic circumstances with a view to
improving the life prospects of such
persons.
-
Held introductory training sessions
for alumni students across various
industries.
-
Project Manager Expert trained
cohort of 6 students to provide
insight into the profession to inspire
their career choice.
-
Meta Software Engineer facilitated
an AI taster session where we
provided rented iPads and taught
students about utilising AI systems
efficiently and ethically.
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41 N/A
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the financial period, the
charity raised a total of £2,580 and incurred
expenses amounting to £3,220. This
resulted in a shortfall of £640. To ensure
the continuity of our activities and meet all
financial obligations, the trustees
personally contributed funds to cover the
shortfall. The charity remains committed to
financial transparency and sustainability,
and we are actively exploring further
fundraising opportunities to strengthen our
financial position in the coming year.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 During the last financial year, the charity
did not hold any reserves. However, the
trustees recognise the importance of
financial resilience and are committed to
implementing a reserves policy moving
forward. We aim to build and maintain
reserves of£1,000to support the ongoing
sustainability of the charity.
These reserves will serve as a financial
safeguard, enabling us to manage
unforeseen challenges such as unexpected
costs, fluctuations in donations, or delays in
funding. Holding reserves will ensure that
our programmes—focused on empowering
young people through entrepreneurship,
personal development, and employability
skills—can continue without disruption.
The reserves will also give us the flexibility
to plan strategically and respond to new
opportunities that align with our mission.
The target level of reserves will be
reviewed regularly by the trustees to
ensure it remains appropriate for the size
and scope of our activities.
Amount of reserves held Para 1.22 £0
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any Para 1.23 None
uncertainties about the
charity continuing as a going
concern

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
Other

Structure, Governance and Management

Description of charity’s
trusts:
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 Charitable Incorporated Organisation
(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 Eligibility for trusteeship
(a) (b) Every charity trustee must be a
neutral person.
No individual may be appointed as a charity
trustee of the CIO:
• if he or she is under the age of 16 years;
(c) No one is entitled to act as a charity
trustee whether on appointment or on any
re-appointment until he or she has
expressly acknowledged, in whatever way
the charity trustees decide, his or her
acceptance of the office of charity trustee.
(d) At least one of the trustees of the CIO
must be 18 years of age or over. If there is
no
trustee aged at least 18 years, the
remaining trustees may only act to call a
meeting of the
charity trustees, or appoint a new charity
trustee.
(3) Number of charity trustees
(a) There must be at least three charity
trustees. If the number falls below this
minimum,
the remaining trustee or trustees may act
only to call a meeting of the charity trustees
or
appoint a new charity trustee.

7 Generation Purpose Memorandum Constitution (b) The maximum number of charity trustees is twelve. The charity trustees may not appoint any charity trustee if as a result the number of charity trustees would exceed the maximum. Appointment of charity trustees (1) Apart from the first charity trustees, every trustee must be appointed for a term of two years by a resolution passed at a properly convened meeting of the charity trustees. (2) 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		 Para 1.51

----- Start of picture text -----
charity works
Relationship with any related
parties Para 1.51
Other
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Reference and Administrative details

Charity name Generation Purpose GPX
Other name the charity uses
Registered charity number 1203424
Charity’s principal address 320 City Road
London
EC1V 2NZ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Nam
e of
pers
on
(or
body
)
entitl
ed to
appo
int
trust
ee (if
any)
Chinwengozi
Emodi-Okechukwu
Claire
Oluwadamola
Fatusin
Naomi Richards

– 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 None held in this capacity

Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None safe custody and segregation of such assets from the charity’s own assets

Additional information (optional) Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

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.

----- Start of picture text -----
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Naomi Richards
Position (eg Trustee
Secretary, Chair, etc)
Date
30/04/2025
----- End of picture text -----

Generation Purpose GPX

No (if any)

Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts

Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a For the period Period start date Period end date To from

Section A Receipts and payments

Section A Receipts and payments
A1 Receipts
Donations
2,580
Moneyfrom trustees
302
-
-
-
-
-
-
2,882
-
-
Sub total -
Total receipts 2,882
A3 Payments
Charitable activities
2,468
Bank charges
54
-
-
-
Sub total 2,522
Laptop
202
-
Sub total 202
Total payments 2,724
Net of receipts/(payments) 158
A5 Transfers between funds
-
A6 Cash funds last year end
-
Cash funds this year end 158
Unrestricted
funds
to the nearest £
Sub total(Gross income for AR)
A2 Asset and investment sales,
(see table).
A4 Asset and investment
purchases, (see table)		 to the nearest £
Restricted
funds		 to the nearest £
Endowment
funds		 Total funds
to the nearest £		 Last year
to the nearest £
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-		 2,580
302
-
-
-
-
-
-
2,882		 -
-
-
-
-
-
-
-
-
-
-
-		 -
-
-		 -
-
-
-
-
- - 2,882 -
-
-
-
-
-
-		 -
-
-
-
-
-		 2,468
54
-
-
-
2,522		 -
-
-
-
-
-
-
-
-		 -
-
-		 202
-
202
-
- - 2,724 -
-
-
-
-		 -
-
-
-		 158
-
-
158		 -
-
-
-

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use
Signed by one or two trustees on
behalf of all the trustees		 Details
Bank balance at end of financial period
Details
Details
Details
Details
Signature
Total cash funds
(agree balances with receipts and payments
account(s))		 to nearest £
to nearest £
158
-
-
-
-
-
158
-
OK
OK
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Print Name
Naomi Richards
Unrestricted
funds
Restricted
funds
Unrestricted
funds
Restricted
funds
Fund to which
asset belongs
Fund to which
asset belongs
Fund to which
liability relates
Amount due
(optional)		 to nearest £
Endowment
funds
-
-
-
-
OK
to nearest £
Endowment
funds
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Naomi Richards 4/30/2025