## **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
**----- End of picture text -----**
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