Finance Score: 0

Governance Score: 2

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Spending falling: -1
Fundraising costs low: +3

Good trustee age range: +3
Mainly male board: -1

No supporters identified

Overall GiG Score: 2

THE APAX FOUNDATION

The Apax Foundation has continued to focus the majority of its giving on organisations which work in the areas of social enterprise, relief of financial hardship and the advancement of education.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

The Board is predominantly male

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £71,973,408 available, equivalent to 286 months of spending and so may not be able to utilise additional funding
There has been a change of accounting period recently, so trends may be hard to determine
Spending has fallen significantly over the last 5 years relative to the previous period

Established: 18 years

foundation@apax.com

02078726300

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

N.B. data has been adjusted to reflect year end change

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Volun- teers
31/03/23?		£2,919	£3,020	£-101	£0	£71,991	£71,973	286	0
31/12/21		£1,927	£3,360	£-1,433	£0	£78,999	£78,999	282.2	0
31/12/20		£4,080	£5,975	£-1,895	£0	£65,079	£65,079	130.7	1
31/12/19		£1,624	£3,180	£-1,556	£0	£56,860	£56,860	214.6	0
31/12/18?		£1,215	£1,070	£145	£0	£40,016	£40,016	448.8	1
31/03/17		£1,787	£1,200	£587	£0	£25,777	£25,777	257.8	0
31/03/16		£3,916	£1,044	£2,872	£0	£21,380	£21,380	245.6	0
31/03/15		£852	£1,339	£-487	£18	£17,792	£17,792	159.4	0
31/03/14		£567	£1,022	£-455	£22	£17,065	£17,065	200.4	0
31/03/13		£1,494	£2,214	£-720	£29	£17,385	£17,385	94.2	0
31/03/12		£1,594	£966	£628	£16	£17,338	£17,338	215.4	0
31/03/11		£4,524	£951	£3,574	£103	£15,800	£15,800	199.4	0
31/03/10	*	£3,531	£959	£2,572	£20	£12,227	£12,227	153	0
31/03/09	*	£7,641	£1,694	£5,947	£23	£9,655	£9,655	68.4	0
31/03/08		£3,368	£943	£2,424	£17	£3,708	£3,708	47.2	0
31/03/07		£2,133	£849	£1,283	£41	£1,968	£1,968	27.8	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.8%
Fundraising Costs/Total Spending: 0.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 32%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 286 months
Net Current Assets/Spending: 3 months
Quick Ratio: 2.4

Asset Split ?

Listed activities

Accommodation/Housing
Amateur Sport
Arts/Culture/Heritage/Science
Disability
Economic/Community Development/Employment
Education/Training
General Charitable Purposes
Human Rights/Religious Or Racial Harmony/Equality Or Diversity
Other Charitable Purposes
Overseas Aid/Famine Relief
Religious Activities
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Organisations
Provides advocacy/advice/information
Provides other finance

Where it operates

Brazil, China, Eswatini, Germany, Guernsey, Haiti, India, Israel, South Africa, Spain, Syria, Throughout England And Wales, United States,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
People Of A Particular Ethnic Or Racial Origin
People With Disabilities
The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 38-78

DAVID NORMAN MARKS Appointed: 2006, Occupation: Chartered Accountant, Other trusteeships: THE WEIZMANN INSTITUTE FOUNDATION, ORCHESTRA OF THE AGE OF ENLIGHTENMENT, THE R AND S COHEN FOUNDATION, THE JC EUDAIMONIA FOUNDATION,

JASON AARON WRIGHT Appointed: 2016, Occupation: Apax Partners Lp

MR MITCH TRUWIT Appointed: 2013, Occupation: Private Equity

ROHAN HALDEA Appointed: 2015, Occupation: Private Equity Adviser, Other trusteeship: IMPETUS - THE PRIVATE EQUITY FOUNDATION,

ROXANA-VIORICA MIRICA Appointed: 2022, Occupation: Private Equity Adviser, Other trusteeship: THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS,

SIMON CRESSWELL Appointed: 2013, Occupation: General Counsel

SIR RONALD MOURAD COHEN (Chair) Appointed: 2006, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 27/01/2006, number: 1112845
Registered at Companies House on 23/12/2005, number: 05662690

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Risk management
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

16 returns made; AR10: 1 days late, AR09: 238 days late,

Main office

1 Knightsbridge
London
SW1X 7LX

Objectives

(1) THE RELIEF OF FINANCIAL HARDSHIP, EITHER GENERALLY OR INDIVIDUALLY, OF PEOPLE LIVING IN SOCIALLY AND ECONOMICALLY DEPRIVED AREAS IN THE UNITED KINGDOM AND OVERSEAS THROUGH THE PROVISION OF GRANTS, GOODS OR SERVICES;(2) THE ADVANCEMENT OF EDUCATION OF PEOPLE BY;(A) THE CREATION OF A SCHOLARSHIP PROGRAMME AT A LEADING BUSINESS SCHOOL;(B) PROVIDING FINANCIAL ASSISTANCE AND SUPPORT TO FACILITATE THE HOLDING OF COURSES AND CONFERENCES AND TO ASSIST WITH THE WIDER DISSEMINATION OF KNOWLEDGE FROM SUCH EVENTS; AND(C) AWARDING GRANTS OR MAINTENANCE ALLOWANCES TO INDIVIDUALS TO ENABLE THEM TO TAKE PART IN SCHOLARSHIP PROGRAMMES AND ATTEND COURSES AND CONFERENCES IN FURTHERANCE OF THEIR EDUCATIONIN PARTICULAR WITH A VIEW TO ADVANCING EDUCATION IN ENTREPRENEURIAL AND OTHER BUSINESS SKILLS.(3) TO FURTHER SUCH OTHER PURPOSES WHICH ARE CHARITABLE IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES AS THE DIRECTORS THINK FIT.

Defined Area of Benefit:

THE UNITED KINGDOM AND OVERSEAS

Data Sources