ALIXPARTNERS (UK) CHARITABLE FOUNDATION
REGISTERED CHARITY NUMBER 1134913
REPORT AND FINANCIAL STATEMENTS (UNAUDITED)
31 MARCH 2021
AlixPartners (UK) Charitable Foundation Registered charity number 1134913
Reference and Administrative Information
Board of Trustees
Alastair Beveridge Liam Colley (resigned 24 March 2021) Lindsey Hornby (resigned 24 March 2021) Mark Veldon Paul Kelly Duygu Basman (appointed 24 March 2021) Timothy Gray (appointed 24 March 2021) Candice Constance (appointed 24 March 2021) Stylianos Fragkos (appointed 24 March 2021)
Principal Office
Level 6, 6 New Street Square, London, EC4A 3BF
Independent Examiners
Nicola Wakefield FCA Mazars LLP 6 Sutton Plaza, Sutton Court Road, Sutton, Surrey, SM1 4FS
Bankers
Barclays Bank Plc 1 Churchill Place London E14 5HP
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AlixPartners (UK) Charitable Foundation
Report of the Board of Trustees
The Board of Trustees present their report and the unaudited financial statements for the year to 31st March 2021.
Structure, Governance and Management
AlixPartners (UK) Charitable Foundation is an unincorporated charity established by Settlement Deed dated 10 December 2009 and registered as a charity on 12th March 2010. Under the terms of the Deed, the Trustees have absolute discretion to pay or apply the Trust Fund and the income thereof for the benefit of, or in furtherance of, any charitable purpose wheresoever situate.
The power of appointing and removing trustees is vested in the settlor provided that there should be no more than three Employee Trustees and the other Trustees must be Partner Trustees.
All Trustees give their time freely and no Trustees remuneration was paid in the year.
Risk Management
The Trustees have considered the major risks to which the Foundation is exposed and have reviewed those risks and established systems and procedures to manage those risks. The major risk identified by the Trustees is the proper use of grants and elective payments given by the Foundation each year. The Trustees consider there are adequate procedures in place to mitigate this risk.
Objectives and Principal Activities for the Public Benefit
AlixPartners (UK) Charitable Foundation was established to pay or apply the annual income of the Trust Fund to such charity or charities or for such charitable purpose or charitable purposes as the trustees shall from time to time in their absolute discretion determine.
The Trustees attempt to exercise such discretion for causes:
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With which the settlor is happy to be associated;
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That are focused on a local or community issue.
Achievements and performance
During the period the Charity received donations of £53,883 (2020: £99,026). Grants were made to charitable entities and good causes of £106,689 (2020: £80,302).
Grant Making Policy
The Foundation established its grant making policy in order to achieve its objectives for the public benefit. The Trustees consider this was achieved during the period, having due regard for the guidance published by the Charity Commission.
Financial Review
The Foundation had net expenditure of £54,852 (2020: income £14,986) for the period and unrestricted funds of £97,506 (2020: £152,358).
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AlixPartners (UK) Charitable Foundation
Report of the Board of Trustees (continued)
Investment powers
The Foundation may invest moneys of the charity not immediately required for its purposes in or upon such investments, securities or property as the Trustees may determine.
Reserves policy
The Foundation maintains reserves which the Trustees deem appropriate for its efficient operation on a prudent basis, taking into account that the Foundation acts without overheads such as staff or premises.
Plans for future periods
The Trustees intend to continue to distribute the Funds of the Foundation in line with their objects and are confident that the voluntary income will continue.
Trustees’ Responsibilities Statement
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
17-Nov-2021
Approved by the Board of Trustees on …………………………………………
Alastair Beveridge Alastair Beveridge (Nov 17, 2021 14:39 GMT) Alastair Beveridge Trustee
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Independent Examiner’s Report to the Trustees of AlixPartners (UK) Charitable Foundation
I report on the financial statements of AlixPartners (UK) Charitable Foundation for the year ended 31 March 2021, which are set out on pages 6 to 10.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the financial statements under section 145 of the 2011 Act;
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination work, for this report, or for the statements I have made.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below
Independent examiner’s statement
In connection with my examination, which is complete, no matters have come to my attention which give me reasonable cause to believe that in any material respect:
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accounting records were not kept in respect of AlixPartners (UK) Charitable Foundation in accordance with section 130 of the 2011 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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Independent Examiner’s Report to the Trustees of AlixPartners (UK) Charitable Foundation
I have no concerns and have come across no other matters in connection with the examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Nicola Wakefield (Nov 17, 2021 14:50 GMT)
Nicola Wakefield FCA Mazars LLP Chartered Accountants
6 Sutton Plaza, Sutton Court Road, Sutton, Surrey, SM1 4FS
Dated: 17-Nov-2021
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AlixPartners (UK) Charitable Foundation
Statement of Financial Activity For the year ended 31st March 2021
| Income Donations and legacies Total Income Expenditure Expenditure on charitable activities Grants payable Other expenditure Total expenditure Net (expenditure)/income Balance brought forward at 31 March 2020 Balance carried forward at 31st March 2021 |
Unrestricted Unrestricted Notes Funds Funds 2021 2020 £ £ 2 53,883 99,026 53,883 99,026 3 106,689 80,302 4 2,046 3,738 108,735 84,040 (54,852) 14,986 152,358 137,372 97,506 152,358 |
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The Statement of Financial Activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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AlixPartners (UK) Charitable Foundation
Balance Sheet - 31st March 2021
| Current Assets Cash at bank Debtors – gift aid receivable Net Current Assets Net Assets The Funds of the Charity Unrestricted funds |
2021 | 2021 | £ 97,506 97,506 97,506 97,506 |
2020 £ £ 151,557 800 152,358 152,358 152,358 152,358 |
|---|---|---|---|---|
£ 86,338 11,168 |
£ 151,557 800 |
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17-Nov-2021 Approved by the Board of Trustees on ………………………………. and signed on their behalf by:
Alastair Beveridge Alastair Beveridge (Nov 17, 2021 14:39 GMT) ………………………………………………………………… Alastair Beveridge Trustee
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AlixPartners (UK) Charitable Foundation
Notes to the Financial Statements
For the year ended 31st March 2021
1. Accounting Policies
(a) Basis of Accounting
The financial statements are prepared under the historical cost convention and are in accordance with the Charities Act 2011, the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP (FRS 102)) and other applicable accounting standards. The charity is a public benefit entity in line with SORP (FRS 102).
(b) Donations and legacies
Donations and legacies are credited to the statement of financial activities when receivable.
(c) Grants payable
Grants payable are charged to the statement of financial activities on the date of approval of the Trustees.
(d) Other expenditure
Other expenditure includes governance costs and all costs involving the public accountability of the charity and its compliance with regulation and good practice.
(e) Going concern
The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate and have identified no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of 12 months from the date of approval of the financial statements.
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2. Donations and legacies
| Partners’ contributions Donation in kind Gift Aid £ |
2021 41,470 2,046 10,367 53,883 £ |
2020 77,967 3,615 17,444 99,026 |
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|---|---|---|---|---|
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AlixPartners (UK) Charitable Foundation
Notes to the Financial Statements For the year ended 31st March 2021
3. Grants payable
| Arnold Foundation for Rugby School A Good Dinner Amnesty International Birkbeck Cancer Research UK Crimsons Grange Park Opera Heart of England Community Boxing Club Legs4Africa Macmillan Cancer Support Magic Breakfast Marie Curie Medecins Sans Frontieres Meningitis Research Foundation Mukwege Foundation North London Cares NSPCC Restart Salvation Army Warmen Sports Trust Wateraid Worshipful Company of Chartered Accountants in England and Wales YMCA Help them Help Us Andrea Bocelli Phase Worldwide Renewable World Snow Camp Retail Trust Middlewich Food Bank Bexley Food Bank Felix Project Trussell Trust Shooting Star Chase Movember Art & Soul UNICEF Suffolk Coronavirus Emergency Fund Spinal Research Other Donations (11; 2020:36) |
2021 2020 £ £ - 2,000 - 4,500 - 150 - 17,500 100 2,195 - 1,000 - 250 - 1,000 10,000 15,109 50 350 - 10,000 - 1,800 - 350 - 2,453 1,000 1,000 - 150 600 1,200 - 10,000 500 500 - 627 - 150 - 790 - 3,227 42,000 - 10,204 - 10,000 - 5,000 - 5,000 - 5,000 - 2,500 - 2,500 - 2,500 - 2,500 - 1,915 - 1,050 - 1,000 - 1,000 - 1,000 - (500) - |
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| 104,919 76,301 1,770 4,001 |
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| 106,689 80,302 |
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AlixPartners (UK) Charitable Foundation
Notes to the Financial Statements (continued) For the year ended 31st March 2021
4. Other expenditure
Administrative costs including the cost of the Independent Examination of £2,046 (2020: £1,665), are borne by AlixPartners UK LLP and treated as a donation in kind.
No emoluments have been paid or are payable to the Trustees. Trustees have not been reimbursed for expenses incurred during either year.
There are no costs in relation to staff nor key management personnel during either year.
5 . Related parties
The Trustees are connected to AlixPartners UK LLP, as they are either Partners, Directors, or employees of the organisation. Transactions with AlixPartners UK LLP during the year amounted to £2,046 (2020: £3,615). At year end an amount of £nil (2020: £nil) was outstanding.
Donations received by AlixPartners (UK) Charitable Foundation without conditions from Trustees in the year ended 31 March 2021 totalled £23,300(2020: £21,396).
Donations made from AlixPartners (UK) Charitable Foundation to related parties in the year ended 31 March 2021 totalled £1,000 (2020: nil).
Related party donations
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Art & Soul
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2021 2020
£ £
1,000 -
1,000 -
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