UPP FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £435,000, a decrease from £508,000 in the prior year, while relying entirely on donations from UPP Group Holdings Limited for its income. The trustees acknowledge the dependency on this recurrent funding but believe it will continue for at least 12 months, with no material uncertainties identified regarding going concern.
What the accounts disclose
“The Foundation's level of reserves is carefully monitored and will be annually reviewed to ensure it is deemed sufficient to exceed the criteria outlined above.” — page 8
“The Charity is dependent upon a recurrent donation from UPP Group Holdings Limited for its income. Charity Trustees believe that UPP Group Holdings Limited will continue to make available such funds as are needed by the Charity for at least 12 months from the date of approval of these financial statements.” — page 9
Trustees
- Dr David Duncan
- Juliana Quintero
- Matthew John Burton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £118k | £271k |
| 31/08/2024 | £274k | £352k |
| 31/08/2023 | £270k | £167k |
| 31/08/2022 | £270k | £138k |
| 31/08/2021 | £365k | £370k |
Common questions
Is UPP FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £435,000, a decrease from £508,000 in the prior year, while relying entirely on donations from UPP Group Holdings Limited for its income. The trustees acknowledge the dependency on this recurrent funding but believe it will continue for at least 12 months, with no material uncertainties identified regarding going concern. Its FY2024 accounts were audited by KPMG LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NNS FOUNDATION | 1 | £21.2m |
| Founders Pledge Ltd | 1 | £3.4m |
| THE NEVILLE ABRAHAM FOUNDATION | 1 | £46k |