2025-06-30-accounts

Trustees’ Annual Report for the period

From 1 July 2024 Period start date To 30 June 2025 Year 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.
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 Para 1.20 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.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41

Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	During the current financial year, the charity held a small level of reserves, with a balance of a few hundred pounds remaining in the account at year end. Activity during the year was limited, and the trustees have continued to prioritise careful financial management while maintaining the charity’s ability to deliver its programmes. The trustees remain committed to strengthening the charity’s financial resilience and continue to work towards building and maintaining a target reserve of £1,000. This will provide a financial safeguard against unforeseen challenges such as unexpected costs, fluctuations in income, or delays in funding, ensuring that the charity can continue its activities without disruption. Maintaining reserves will also support longer-term planning and allow the charity to respond effectively to opportunities that align with its mission. The level of reserves will be kept under regular review by the trustees to ensure it remains appropriate to the scale and nature of the charity’s operations, balancing financial stability with maximising impact for beneficiaries.
Amount of reserves held	Para 1.22	£219
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising)

	Investment policy and
	objectives including any	Para 1.46
	social investment policy
	adopted
	A description of the principal	Para 1.46
	risks facing the charity
	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. 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 charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charityname	Generation Purpose GPX
Other name the charity uses
Registered charitynumber	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 bod y) entit led to app oint trust ee (if any)
	Chinwengozi Emodi-Okechukw u
	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 narn8 Date5 acted rf not for whole

Funds held as custodian trustees on behalf of others

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

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)	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.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Claire Oluwadamilola Fatusin Position (eg Secretary, Trustee Chair, etc) Date 30.04.2026

----- Start of picture text -----
Generation Purpose GPX No (if any)
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 1st July 2024 30th June 2025
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
Donations 214 - - 214 2,580
Money from trustees 465 - - 465 302
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 679 ] - - 679 2,882
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 679 - - 679 2,882
A3 Payments
Charitable activities 750 - - 750 2,468
Bank charges 18 - - 18 54
- - - - -
- - - - -
- - - - -
Sub total [ 768 ] - - 768 2,522
A4 Asset and investment
purchases, (see table)
Laptop - - - - 202
- - - -
Sub total [ - ] - - - 202
Total payments 768 - - 768 2,724
Net of receipts/(payments) - 89 - - - 89 158
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end - 89 - - - 89 158
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CCXX R1 accounts (SS)

30/04/2026

1

Section B Statement of assets and liabilities at	Section B Statement of assets and liabilities at	the end of the period	Endowment funds to nearest £ - - - - OK Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 026-04-30
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 Total cash funds (agree balances with receipts and payments account(s)) Bank balance at end of financial period Details Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ 219 - - - - - 219 - Agreement Error OK 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 2

CCXX R2 accounts (SS)

30/04/2026

2