upReach Annual Report 2023-24 - Report - Page 40
Trustees’ Annual Report (Continued)
For The Year To 31 July 2024
Provision of Information to Independent Auditor
So far as each of the trustees are aware at the time this report is approved:
• There is no relevant audit information of which the charity’s auditor is unaware; and
• The trustees have taken all steps that they ought to have taken to make themselves aware of
any relevant information and to establish that the auditor is aware of that information.
upReach uses online accounting software for bookkeeping and payroll purposes, as well as
producing management accounts. The auditor has been provided with full access to this software.
Public Bene昀椀t Statement
Our package of tailored support and opportunities enables talented undergraduates from
less-privileged backgrounds to overcome the barriers to entry, access top jobs and secure
professional employment.
The issue of social mobility is not simply one of fairness but also economic necessity for the
country as a whole. Through tackling this issue, the UK economy could see cumulative gains
totalling £1.3 trillion over the next forty years.
If the issue of access to the professions is not addressed, then ‘the typical professional of the
future will now be growing up in a family that is better off than seven in ten of all families
in the UK’. The continuation of unequal access to professional employment contributes to
persistent intergenerational inequality and theUK’s sluggish social mobility performance.
Our work plays a role in solving this.
For many years there has rightly been a focus on improving access to university. As a result,
more individuals from less-privileged backgrounds now attend university; however, this does
not translate into equal access to top jobs. In ‘The Issue: Access to the Professions’ we showed
that a degree from a top university was not enough. Our work shows that graduates from lessprivileged backgrounds face a number of challenges progressing into the professions.
Our support empowers undergraduates to overcome these challenges, effectively compete for
top jobs and realise their potential.
Auditor
The auditor, UHY Hacker Young, is deemed to be reappointed under section 487(2) of the
Companies Act 2006.
Trustees’ Responsibilities in Relation to the Financial Statements
The charity trustees (who are also the directors of the upReach Charitable Company for the
purposes of company law) are responsible for preparing a trustees’ annual report and 昀椀nancial
statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare 昀椀nancial statements for each year which
give a true and fair view of the state of affairs of the charitable company and the group and of
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