## **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: - Personal development - One-to-one coaching with a qualified, DBS-certified life coach - Presentation and public speaking skills - Business strategy and planning - Networking opportunities ● 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**£1,000**to 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
**----- End of picture text -----**
## **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| |||||