Upward Mobility Ltd
Latest income
£2.4m
Latest spending
£2.3m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity returned a surplus of £20,897 for the year ended 31 October 2025, reversing a previous deficit. However, the auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to ongoing funding shortfalls and cash flow difficulties, despite recent rate uplifts from local authority partners.
What the accounts disclose
Highest-paid employee band: Over £60,000
“One employee received emoluments in excess of £60,000 during the year (2024: none).”
Per FY2025 accounts as filed with OSCR.
Reserves position: below the charity's own stated policy
“Free reserves, being unrestricted funds not designated or tied up in fixed assets were in deficit by £8,848” — page 6
Per FY2025 accounts as filed with OSCR.
Going concern: material uncertainty disclosed
“This position indicates that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.” — page 13
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Consultancy fees paid to Eric Mitchell (former chair) via EJM Consultancy.
“Upmo paid EJM Consultancy £NIL (2024: £NIL) in fees for consultancy work provided by Eric Mitchell (chair until 31/07/24). Eric Mitchell is also an advisor to The RS Macdonald Charitable Trust which provided £10,727 in the year ending 31st of October 2024.” — page 32
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Reimbursement of expenses to one trustee.
“Upmo paid EJM Consultancy £NIL (2024: £NIL) in fees for consultancy work provided by Eric Mitchell (chair until 31/07/24). Eric Mitchell is also an advisor to The RS Macdonald Charitable Trust which provided £10,727 in the year ending 31st of October 2024.” — page 32
Per FY2025 accounts as filed with OSCR.