ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 30TH JUNE 2025 Boost up BOOST UP [Charitable Incorporated Organisation] Charity Registration Number: 1195988 .•*b -1 cannot breathe foryou. oryou for me.. I must breathe for myself.- Frederlck Dou9lass BOOST UP (Charitable Incorporated Organl•atlonl CONTENTS Legal and Admlni$tratlve Inftlmiatlon Trustees. Report Independent Examlnatlon & Statement of Flnancial Actlvltles LEOALANO AOMIN18TRATIVE INFORMATION Ch¥#y Numlw: 1195988 DATE OF REOISTRATION: W 8•F￿b￿r 2021 START OF FINANCIAL YEAR 01" Juty 2024 END OF FINANCIAL YEAR V JuTr• 2026 TRUSTEES AT 301cfjr2025 A.Bothk•5 Ichairl S.Rohm•n B.V•Tsoni LEGAL STATUS Charlt•bh In¢wr•t•d Org•nls•tlon )vERNI1￿ INSTRUMENF. CIO-Ass¢Klrfion MfyJ•l. COKRESPONDANCE ADDRess $4 Eag• Hei9hts 8 Brnml•nds Ch)s• SW11 2LJ PRIMARY BANKERS M•tro Bank PLC One South•mpton Rc Londtsn WC1B SHA INDEPENDENT EXAMINERS Paxton Ind•p8nd•ftt Exr4nin•r• 81a Hgh Str••t South Ru$hd•n North•nts, NN10 OR TRUSTEES REPORT FOR THE YEAR ENDED 30th JUNE 2026 Status ab￿ Admlnlstratlon 80051 Up Ithe Charity) was reolslered as a Ch8rit8ble Incorporated O(g8nlsallon (CIO) by the Ch8rlty Commlssion 30th September 2021 (Registered Number 11959881. Trus1•• Chang•1 None Appolnl•d TNskn• T•rni Lengths As outllned In the CIO'S Conslituiion, appolnted Iruslees tritll serve a lemi of 3 years each, after which point if they 'm8y be rfrappointed,, but If they h8ve 'served lor three conse¢ullve temis Itheyl m8v not he. ￿p￿In18￿ for 4 h)irth mn.t8n.IrfMI t8rypJ. Iinl8*.t eon,¢8n18d by tl)8 memher*.' Tnsstèe Start Dale of Tem End Date of Te EIKJibility for reappointment after explo ofTerm Yes Yes Yes And￿W 808kes S8fiya Rehman | 8in81 V8r58ni 31yh Semember 2024 September 2027 041h February 2028 3cIfv September 202T 3(yh Seoember 2024 There were no eleLaed twslees up to the 301h June 2025. OUR AIM8 AND OBJECTIVE8 The Bank of Mum and Dad, Is a phrase In￿e0$In91Y heanj In contemporary London. Our wsion is to prn￿de the $8me support th81 financlally secure p8renls olve lo Ihelr chlklren, lo those who18ck that 8dvanl8ge through no f8uM oftheir own. recognise that the circumstances of birth are unequ81. But we do not W8nl Ihal lo dlciate 8n SndlvKIu81's opportunriy in life. The motto of our Ch8rity a￿ the Wo￿lS of Frederlck Doug18SS'. .1 ￿nn01 breathe for you, or you for me,. I must bre8the for myself.. 11 is our motto as we want lo see our dlenls work hard for thelr success, not having to rely on the indefinite support of the stale or subsKly, bul instead reachino financi81 independence from Iheir 18bour. fyÈ wanl them to be able to say to Ihemsefves one day th8t they helped buikj their city, that they are 8 part of Its ongoing n8rr8tive. not exlsling on its marglns. That they tKeathe forthemselves. Mission Too many young people in this city experience homelessness as they eannol afford the market rent for housing. ￿lIe some are graced wilh the economic C￿nditionS th8t allow Ihem lo rely on the financial gffts of Iheir family to afford lo ￿￿1 in London, those without can find theIr￿elVeS completely priced OLrt. ThLS is especially the case for those who are younger. who are only enlrtled to a very low level of Govemment Benefils. The level of govemment benefrts makes renting in the city extremety hard for this age group. This is because the￿ is a disparity tehveen the Housing Benefrt they receive lon average 561.47 prjn less than someone over 351 and the mat*et rate in London. Our own research from comparing ONS recorrls and LHA r8te8 indicated Ihal this shortfall WA% on average £143.54 PQTn, While Discretionary Housing Payments exist. this is only eligible for those already in 8fLommc*Jalion, not those who wish to access it. Housing Benefft shared room rate 525.46 Year 21-22 Mathel rate for Room DIffe￿nCe 143.54 Our organisalion's role is lo address this in part through providing a 'Boost Up,, a lime limtted tnonthly paym8nt that covers the disparity between the housing benefrt rale and the market rate. allowing those who norm81ty lack financial supporl to afford to rent in this city. Practically, this means providing the folh)wing serv￿￿.. 1. A caseworker receivino self and agency referrals of young homeless people in need of 9￿mm¢MJaIlon. urwtirig ttie5e yolxfig pefj￿e with searching for aCCo￿lmOdation ill lhe Pri4alG Rsftt Sector. Tttis involves flat searching onllne, accompaniment to viewings and negotialiro wrth qndlordslagents to oel the young person accepted as well as using comprehensive knowledge of housing law to ensure the property k8 abiding by statutory minimum stsndards. 3. Using an average of £2.440.18 per person to remove the barriers to oettlng them into arxomnTh)dation. £143.64 per monlh for 12 months lo address the shortfall in rent that young p￿pIe In London who are relying on housing benefit experienco and £717.7 to pay the fifsl 5 weeks of ierrt UFrfronl. We will also PlOVKJe In some cases a 12 month rental guafantee. 4. Working wllh Ihsl youno person lo oel them Inlo employment so Ih8t they end up moving off Housing Benefft entirely 2nd become financi8lly Independent wllhln one year, affording the ￿nI them5elvt5. lease watc our $ho ow that outline$ the ?rMAcTC WXFk 08d for an the dollv our sa Ch ritable Ob"ect$ The TNstees are sati%r￿ thal thls 8lbans wfth the Charftable Objects of the Charlty, which are.. Yhe relief of m)verty thmughout England 8nd W816s ttKou￿ the &Yowsion of grants to indwiduals in need, wim8ri1y (but nol exclusivelyj to 8SSiSt in covenng the ￿StS of 8Grommodation, basic livirKJ ne(tssthes 8nd artiwfies designed to enable indivKIu81s to genefftte & sustainable inti)me and be sem As the Ch8rity is based in London which we are most knowledgeable atout, we will focus initlally on London before expanding outsvards. Public Benefrt The CIO acknowledge5 its requirement lo demonstrate clearly th8t it musl have charitable purposes or 'aim5' thai a￿ for the public benefrt. The Trustees confimi Ihal they have paid due regard lo the Charity ComM￿￿)n guKlane£ on public benefrt befo￿ deohjlng what aclivities the CIO shoubj urMJertake. v￿ Are immensely ar8tefiJl lo the London Houslng Found81ion for Ihelr 2 year aranl of £54,000. Our prom15e was that thls £54,000 would be used lo fvnd our first ever part time worker, 8$ W8118s eontributing 11)w8rds a small amount of 8dmini51r81ion cost5. Our Part Tlme ￿}[￿er has been in post since November 2023, worklng exceptlonally hard to a¢hieve posr¢ive outcomes for their clients, coming up wlth innovative and pr8clical solullons lo the b8rrters they have f8c*d in achiewng reselllemenl. Our CasewO￿er h8s been using L8ndAkl Funding of 39,602.7 IAwaTded in July 20231 lo continue lo accommodate young homeles5 people Ilhrough renl In advance, 1Seposft & a ￿nI&l gu8r8nlor fundl Followlng 18lk5 with the n81ion81 homeless ch8rlty Housing Jusllce, the trustees deckded to allow Houslng Justice lo acqulre Boost Up as a projecl 8nd TUPE across our worker and all our assets lit acquishlon is ￿9nned for Augusl 20251. Thls decision was made lo grow 8oosl Up, and lake it lo the next stage in Ks development with the slgnmlcantty h¥Jher resources that Housing JustlC8 C4n provkle. 11 also allows for greater securlty for the Fmject And continuation fundino into the future. We 8re so proud 10 have kept Ihls project allve after tt w8S ¢8ncelled in May 2021 when rt sal as a project within another homeless organisalion. Rather than alli)w rt lo no longèr exist. we set rt up as this independent charrty soon after. gained funding to help young people again and then hiffjd a C8seworker. Once we showed proof of concept, a national homeless chanty a(4uired rt. Thanks to Andrew, Binal. Safiya. Antta and Lucien. we showed to never give up in the pursutt of th8 riJht thing. As someone we worked wrih saKI. Just slay p8tient, wail, andeverything wll be of... Flnanclal Aff LandAid LHF Mana B005t Up is a Charrtab￿ inGorporalcd organi&8tlon regislored the Charity CommivJsion for England and %A*ales on 30, SeFlember 2021. 11 is presently run by volunleers, Including Ihe INstees. who ceive no remuner*ion. The CIO follows an Association Model. which means that m8mber5 have certain benefrts such as voling rrjfrts. The chan￿sAI￿ 2011 require the Tfustees lo wepare financial statements for each financlal year whth give o true 8n¢ fAir vwi of the sl810 of affairs of the CIO and the surplus of Ihe CIO for Ihat In ￿lt￿)n lo thls, tru51ees are to: Be cle8r that what our ch8nly do86 SUPPOrts Ms purposes and beneffts the publlc Check that the dec4sIons we make are Wrthin the rnles for your chartty Ask ourselves whal's bgsl for the charmy and who It helps S81isfy ourselves th81 lh& ¢h4rfly's lunds, poopl& and iepulatlon aro used senslbty ond aro proleded from undue Be prepa￿d Have the Infomiglion we need, In the fo￿At we need, 8nd set 8side lime lo read it prior lo meelinos. Boost Up's Conslflution allows for 10 Trustees. 8 of these are 8ppoinled, and 2 8re to be Electod at every AGM lif the￿ Are nominationsl. Our Trustee Board is extremety well equipped lo lake Ihis fom8￿. wlth our CEO an extremety experienced professional in the homeless sector with 15 years, experience, He cuThenlly works for Ihe N81ion81 Homelèssnes5 Charily Housing Justice, supporting the Homeless Winter Nighl Shener Network, 8s well 8s prov¥Jing 8ccredrt8lion of homelessness services and ¢onlributing lo the ongoing str81eolc direclKin in rel81ion to homelessness prowslon. The twslees also exlremely experienced, made up of all the lom&r Homeless Sector Project V4*)rker5 and Co-or(linators. possessing 8 great deal of &xperience worklng directly wrth homeless people as well as a Ihorou9h undetslai)diiig ol saleguafdii)g, supporl work and risk assgssmonts. All volunteers who work with our ¢lienls will have to undergo training in Safeguarding and an enhanced DBS Check. We have a detailed S8feguardlng and Lone Worker Poli¢y that is based off best practKe. The cufferrt adivititrs that the Charity undertakes Ino slafflpropertyl and our current low cash levtls mean thal we will develop a reserves policy based on the dlreclion the Chariiy takes. As Conce The trustees consKler that there a￿ no malerial un¢ertalnli8s about the Charity's 8bility to conllnue as 8 90ing concem. (HARITY COMMIS￿oN Ind•p•nd•nt •xamln•rf• r•port on th• ac¢ount• bd•P￿E*lmkn•el R•port •port to th• ￿￿￿1••*1 On •¢eourt• th• y••i JO Jun• 2025 Char￿Y 11159J On• to Thr•• Ilr*knoing p•o••i I r•p￿ my eJimi*fw of lh• ol lh• •) tlwrty TN•i'i ydw erW 3tyCW202 R••pornlbll#•• bmii ol r•p counii wtth lh• i•quliqrtxfjl¥ ol lh• Ch•rth• Act 2011 l ex•mhoibM ol th• Tru￿.￿ xcount¥ ¢xrt undei t45 01 IM 2011 In c4rryffjo nry exllmlfithith. 1 havo Ic4Thtd H# the •pF4kèbh 9W•• ty Ih Ch*ty uno•1 •wIKJn 145ibiibl th• Ind•p•nd•nl 11 hw• crthd•i•d nry •XWThrWth. l confvm ith rw) h •umln•rf• 8t•l•m•nl torn• to my ￿1•111￿￿ ￿ Cont*r￿ wrth th• •x•nwMioff g1¥•1 n¥) Ih Ac¢ouMIi9 iecorlli ￿tfj In IJO ol lh• chwrt￿• Acl. Iho •CCOtsllls did I￿¢ Ku)rd Ihv K¢(Hlrniry itcofdg lh• K¢rrtinlA thd coryty vknlh I￿ tlyuliil￿mn1* ¢onc8rniry th• •nd v)nleDt ol •cCo￿*￿ iel oui In lh• IA¢¢ourti RepM41 Reluki￿nn 2¢rf)6 offttrr Inkn Jvy lequ￿￿ft* con•K*tqd kn Port ol •n ￿1¥L￿deM •lary•￿1 I no con￿(nI *)tr othor COMQttkn ¥¥¢lh lo Mlltr*ii*Jn oith¥tl i[1 l*1• In e*d•r lo •na)h • prwi ol tho *ccoynii io t* ioKh¢d. 0*￿warr•￿- P•xlon InOtsp•tydohi Exllrn FMAAT (11 •hy)'. 611 Hhjh str••l SrAAII NN10 OR14 SKtlon O Dl•elo•uv• ii•e iL32. Ind•oenll•nl •x•m*wtkffl d eh*ty xcounl• dlr•ciknh• •nd Oh• h•v• brt•t •ny h•m• Ih*t th• •M•mlft•r T￿•h￿ to dhclo•• Boost Up Ywr tnded 30 June 2025 Income •nd Expendlturn Account 2025 1034 iknd•*J I 1,981 li 18AII ?7.LXXI INF 27.rjxi 5.16J 31.149 64.622 T¢thi experthwt lor tht Ye•r 47,738 41.461 .13,589 556 Approved by the T￿￿te8$ on 2&10 loi£ S￿ned on tholr btsha￿ by tnJst&etsl'. Pn"nted narfsl rvA-L I ANNUAL REPORTS AND FINANaAL STATEMENTS FOR THE YEAR ENOED 30- JUNE 2025 Boost up BOOST UP [Charitable Incorporated Organisation] Charity Registration Number: 1195988 We didn't leave them out there.