Reports & Financial Statements For the year ended 31 December 2021 BC Partners Foundation
BC Partners Foundation Contents Page Charity information Report of the Board of Management Independent auditor's report Statement of financial actNlties io Balance sheet li Statement of Cash Flows 12 Notes to the financial statements 13-18
BC Partners Foundation Company registration no. 07260058 Charity information Charity registration number: 1136956 Company reiistration nurnber: 0726LK158 Rei5stered offlce: 40 Portman Square London WIH 6DA Bankers: Royal Bank of Scotland 250 Bishopsgate London EC2M 4AA Independent audltor: Mazars LLP 6 Sutton P142a Sutton Court Road Sutton Surrey SM14FS Trustees: Nikos Stathopoulos Cedric Dubourdieu RirhArd KiJn?pr Irp%ienpd 1 R April ?n?11 matth Evans Francesco Lorèdan (resigned 8 February 20231 lan Kengelbach (resigned 21 July 20221 Laurian Douin (appointed 21 July 20221
BC Partners Foundation Company registration no. 07260058 Report of the Board of Management Introduction During 2021 the Trustees of the foundation continued to promote charitable giving arnongst BC Partners and its employees. This was achieved through continued e.mphasi5 on financial support for good causes including the donotion rnatchins Jcheme. ond encourosement ond Jupport lor oll employees to 3UPPOrt charitie3 by giving up their time. The Foundation Board of Trustees is madè up of alumri. employees and external directors and is represented in all 8C Partners offices worldwi(Je by a local representative. The Foundation continues to be principally funded by BC Partners with a continued higher proportion of donations being received from employees. Charlt•ble ghlng and •ctlv5tles During the year donations received have increased to £437,683 from £390,170 in 2020, an increase of 12.2%. Of total donations, 92% felates to donations from the BC Partners group reflecting the continued presence that the Foundation has within the firm. Donation5 havè been made to a broad ran8e of charities around the world. which can divided into three areas.. lil community development le.g.. infrastructure investments. development aid. health care improvements). lill environmental conservation le g, pollution reduction, natural preservation, clean technologiesl; Jnd liiil arts & education le.& educational, s¢holasti¢ or artisti¢ programsl. A list of the charitie5 5UPPOrted by the FouratIOn can be found at htt www.bc artner5.com about dLLn. The Foundation does not support unsdicited requests for donations but only supports charities nominated by 8C Partners employees and alumni. Responsible investment 41 BC P•rtners The BC Partners Foundation is a cornerstone in BC Partners, overall responsible investment strategy. As signatory ol the UN Principles for Responsible Investrnent l-UNPRI~I, Environmental, Social and Governance I"ESG'I issues and considèrations not only affect investment decisions. but are also enerained in the thinkine of 8C Partners, employees. The creation of the BC Partners Foundation was a natural addition to BC Partners, ESG approach to responsible investment. Report and audlted flnancl41 Statements The Board, acting as Trustees. presents the report and audited financial statements for the year ended 31 December 2021. These have been prepared in accordance with the Charity SORP IFRS 1021. the M¢morandum and Arti¢l¢* of -•¢iatiOn of the £gmpany and th¢ provipion of th¢ Companie= Art 2006.
BC Partners Foundation Company registration no. 07260058 Report of the Board of Management GovemlnK document The BC Partners Foundation is a company limited by guaranteè govemed by its Memorandum and Articles of Association dated 20 May 2010. and registered as a charity with the Charity Commission on 20 May 2010. Appolrltnient of trustees The directors of the company. who are also tharity trustees for the purpose of charity law. are appointed in accordance with the Articles of Association of the company and under the companls Articles are known as members of the 8oard of Management. There is no fixed term of office for members. The Foundation benefr(s from mèmbers of the Board of management being from a wide variety of backgrounds, with a diverse range of skilb. Trustee Sndurtlon and tralnlnt Induction pro8rammes for Board members are tailored to the needs of individuals. New Tiustees are sent the Foundation's Memorandum and Articles, and encouraged to familiarise themselves with the charity and the context within which it operates. They are made fully aware of the obligations of members of the Board of Management and the resourcing and current financial position of the Foundation as set out in the latest financial statements. Ory•nls•tlon The Trustees are listed on page one of the financial statements. They meet annually to discuss the running of the Foundation. The Tru5tee5 have delegated the day to day administration of the charity to M Evans (Trusteel. Responsibilities of the 8o•rd of M•na8ement CnmpAny rhArity Ixw r•fjiiirp thK At)xrtl Tn finxnriAI %txTpmKnt¢ fnr KArh finAnrixl PKrind. whSrh givè a true and fair vièw of the state of affairs of the Foundation as at the balance shèet date and of its income and expenditure. In preparing these financial statements. the Board is required to.. clcct 4illtablc accountinE policica and thcn apply thcm con- -tcntlyi make judgements and estimates that are reasonable and prudent; state whether applicable accounting standartls an(1 Statements of Recommentled Practice have been followed. subject to any material departures disclosed and explained in the financial statements- prepare the financial 513tements on ihe going concern basis. unless it 15 Inappropriate to presumè that the charity will continue in operation. The Board is responsible for keeping adequate accounting records, which disclose with reasonable 3ccuraLy at any time thè financial position of the Foundation ar¥1 enable preparation of the financial statemènts complying with the Companiès Act 20( and thè Chartties Act 2011. The Board is also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and detertion of fraud and other irre8ularitie5.
BC Partners Foundation Company registration no. 07260058 Report of the Board of Management Statement as to dlstlosure of Infomiatlon to thè audliors So far as the Trustees are awarè at the time this report is approved, there is no relevant audit information of which the Founilation's auilrtors are unaware,. and the Trustees have taken all steps they ought to have taken to make themselves aware of any relevanr audlT Informailon and io esTabllsh ThaT The audliors are aware of Ihai Informailon. Foundation's aim5 and objertbves The Foundation's aims are to encourage giving from employees and alumni of BC Partners and to distribute rants to a range of charities in line with the wishes of the Trustees and the employees of the group. Summ•ry of the m•ln •rtl¥ltles ynd¢rt•ken for the Publlc Benefit The charitws main activity is providing grants to a wide range of different charitie5. both in the UK and abroad. All of these charities provide a public benefit in different Way5, $0 by providing grants to these charities, the charitv 15 providin8 a public benefit throtygh ihem. The Foundation's Trustees have complied with their duty per the Charities Act 2011 to have due regard to the Public Benefit guidance published by the Charr(y Commission. Flnanclal revlew The running expenses of the Foundation are met by BC Partners LLP, so all income received can be used for charitable purposes through the provision ol grants. During the year, £437,683 was received as donations, and £368,311 was distributed as grants. The Foundation does not hold any investments and aims to distribute funds as soon as possible in order to support all of it5 charities. BC Partn•rÉ LLP int•nd# to donat# £IISO.C#XJ in 2022 to Èupport th• charitabl• purpos•s of th* BC Partn#r£ Foundation. Reserves Pollcy All funds received by the charity are for the sole purpose of charitable activities. The BC Partners Foundation aims to distribute these funds on a timely basis in order to achieve charitable objertives. BC Partners LLP supports BC Partners Foundation in meeting these objectives. Gr•nt policv Grants are awarded to a wide range of charities, both in the UK and abroad. The cost in the year represents actual grants payable to these charities.
BC Partners Foundation Company registration no. 07260058 Report of the Board of Management Risk assessment The Foundation faces various risks to which the Trustees havè systems in placè to mitigate.. Thère is a risk that without due governante thè Foundation may not mÈèt its tharitable objÈctivÈs. To mltlgaie ihls fisk. we have erb5ured thai our Tru51ees have the felevani experlenie and competence to supervise all aspects of the Foundation's work,. There 15 a risk of potential conflicts of interest. To mitigate this a Conflicts of Interest Policy has been implemented enabling Trustees and staff to be aware of potential conflicts of interest and avoid situations where such a conflict might arise; and ThÈre are various financial risks fated by the Foundation. These are mttigated by the operation of stringent financial controls and procedures. UkraSne confllct The Trustees have assessed and continue to assess the impact, or potential impact, on the charity arising from the invasion of Ukraine by Russia. At present. the Trustees do not anticipate the conflict in Ukraine to have si8nifi¢ant impa¢t on the ¢harity. Co¥Sd-19 The trustees h•ve assessed the impa¢t of the pandemic on the activities of the Foundation. As expected, this has not had a 518nlflcanl Impact on the charv. Plans for future periods The Foundation aim5 to continue to grow in future periods, and to Continue to make employees of BC Partners aware of the work that it does. It will continue to match donations made by employees to charities, which it is hoped will encourage further growth in ¢haritable giving by employees. Audltors Mazars LLP were appointed as auditors to the BC Partners Foundation and have accepted appointment. These financial statements have been prepared in accordance with the provision applicable to companies subject to the small companies. regime. A5 approved by the Board of Management arKI s18ned on Ir5 behalf.. Matthew Evans Trustee Date: 11 April 2023
BC Partners Foundation Company registration no. 07260058 Independent auditoes report to the members of BC Partners Foundation Oplnlon We have audited the financial statements of BC Partners Foundation (the 'charity'l for the year ended 31 December 2021 which comprise the Statement of Firancial Activities. the Balance Sheet. the Statement of Cash Flows and notes to the finantial statements. including a summèry of significant atcounting policies. The financial reportins fromework thJt hJ3 been opplied in theif preparation 13 applicable low ond United Kinsdoffl Accounting Standards, including FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic ol Ireland" Iunited Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements- givè a true and fair view of the state of the charity's affairs as at 31 Oecember 2021 and of its income and expenditure for the year then ended; have been properly prepared in ac¢ordan¢e w((h United Kingdom Generally Accèpted A¢¢ountin8 Przclice,. and have been prepared in accordance with the requirements of the Companies Act 2(M)6. Basls lor oplnlon We Conducted our Judit in a¢¢ordan¢e with International Standards on Auditing IUKI IISAS IUKII and appli¢able law. Our responsibilities under those standards are further described in the Auditorfs responsibilitie5 for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statement5 in the UK. including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in a¢¢ordante with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to iolng concern In auditlng the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not entifIed any material uncertainties relating to events or conditions that, individually or collertively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respert to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the Report of the Board of Management, other than the financial statements and our audrtorfs report thereon. I he trustees are responsible for the other information. Our opinion on the financial ststements th)es not cover the other information and. except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
BC Partners Foundation Company registration no. 07260058 Independent auditorfs report to the members of BC Partners Foundation In connection with our audit of the financial statements. our responsibility is to read the other information and. in doing so. consider whether the other info¥fflation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially mi55tated. If we identify such material inconsistencie5 or apparent material misstatements, we are required of the other information. If. based on the work we have performed. we conclude that there is a material mi55tatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrfbed by the Companles Act 2(M)6 In our opbnlon, based on the work undertaken in the course of the audit.. the information given in the Report of the Board of Managemènt which includès thè Oirèctors, Report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements. an the Dirertors, Report included within the Report of the Board of Management ha5 been prepared In accordance with applicable le8Jl requirements. M•tters on which we are required to report by exceplion In light of the knowledge and under5tandin8 of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors, Report included within the Report of the Board of Management. Wè havè nothing to rèport in respect of thè following matters in relation to which the Companies Act 2006 requires us to report to you rf, in our opinion.. adequate and proper accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us- or the finoneiol .totement. ore not in 06veementwith the oecountin8 retords ond returnts- or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audr(. ftesponslblllrles of Twsiee5 As explained more fully in the Responsibilities of the Board of Mana8ement Set out on pa8e 3, the tru5tee5 Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for be ng satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that arè frèe from material misstatement, whether duè to fraud or error. In preparing the financial statements. thetrusteesare sponSIblet01 assessing the charlS ability to continue as a going concern, disclosin& as applicable, matters related to going concern and using the 80ing concern basis of accounting unless the trustees either intènd to liquidate the charity or to cease operations, or havè no realistic alternativè but to do so.
BC Partners Foundation Company registration no. 07260058 Independent auditorfs report to the members of BC Partners Foundation Audltorfs responslbllltles lor the audlt of the Ilnanclal statements Our objectNes are to obtain reasonablè assurance about whether the financial statèments as a wholè are freè from material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a hh level of assurance but 15 not a guarantee that an audit conducted in dLLUI LldllL¥ wiill 1SAs IUKI will dlv¥dyS Ll¥l¥LI d iiidl¥i idl iiii5sldL¥iii¥riL wli¥ii IL ¥AisLs. Mi5sLdl¥rii¥iils Ldfi di is from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of userstaken on the basis of the financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Iriegularities. including fraud. are instances of non4omplian¢e with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, in¢ludin8 fraud. Based on our understanding of the charity and it5 irdu5try. we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements.. employment regulation, health and safety iegulation, anti-money laundering regulation. non<ompliance with implementation of 8overnment 5UPPOrt scheme5 relating to COVID-19. To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the ris of material misstatement in respert to non.compliance, our procedure5 included, but were not limited to.. Inquirlng of management and, where èppiopriate. Ihose charged with governance, as to whether the charity is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations", Inspecting correspondence. if any. with relevant licensing or regulatory aLrthoTltie5; Communi¢atin8 identified law5 and regulalions to the en8a8ement team and remainin8 alert to Jny indications of non-compliance throughout our aJdit,' and Considering the risk of acts by the charity whrh were contrary to applicable laws and regulations, including fraud. We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension le81slatior,, the Companies Act 21J)6, the Charities Act 2011 and the Charities Statement of Recommended Practice. In additlon, we evaluated the trustees, ¥nd managemenfs incentives and opportunities for fraudulent manipulation of the financial statements, including thè risk of management override of controls, and determined that the principal risks related to pos.ing manual journal entries to manipulate financial perforwnanie. managemeni bla5 through judgement5 and a55umptlon5 In slgnlflcant aciountlng e5firnaie5. income recognttion (which we pinpointed to the cut-off a55ertionl, and significant one-off gr unusual transactions.
BC Partners Foundation Company registration no. 07260058 Independent auditorfs report to the members of BC Partners Foundation Our audit procedures in relation to fraud included but were not limited to: Making enquiries of the trustees and management on whether they had knowledge of any actual, Suspected or alle8ed fraud,. Gaining an understanding of the internal controls establishèd to mf(igatè risks related to fraud,. DiscussinR amon£st the enRaoement team the risks of fraud.. and Addressing the risks of fraud through management override of controls by performing journal entry testing. There ore inherent limitstion5 in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit. there remainèd a risk of non-detertion of irregularities, as these may involve collusion, forgèry, intèntional omissions. misrepresentations or the override of internal controls. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reportin8 Coun¢il's website at www.frc.ort.uVauditorsrespon5ibilitie5. This description forms part of our auditorfs report. Us• ofth• 4udR r•port This report is made solely to the chariVs members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertsken 50 that we mi8ht State to the charity'5 rnember5 those matters we are requirèd to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charitvs members as a body for our audit work, for th report, or for the opinions we have formed. David Hoose 1Senior Statutory Auditor) for and on behalf of Mazars LLP Chartered Accountants and Statutory Auditor S Sijttnn Pla7A, SLrttrJn C.nLJrt Rciad. SLJttnn. Surrpy. SM14F Date.. 21.Ap.ril 2023
BC Partners Foundation Company registration no. 07260058 Statement of financial activities For the year ended 31 December 2021 Notes Unrestricted funds Restricted funds Total Total 2021 2020 Infome Donations Gifts in kind 296.805 6,511 140,878 437.683 6,511 390,170 6,388 39 Interest Total income 303,316 140,878 444,194 396,597 Expenditure Expendlture on Ch•rltable activities Grant5 194,535 192,338 386,873 440,226 Tot•1 expendlture 194,535 192,338 386,873 440,226 Net movement In funds 108.781 151,4601 57,321 143,6291 Total funds brought forward 20,466 507,487 527,953 571,582 Tot•1 fund5 c•rried lorward 129,247 456,027 585,274 527,953 The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from Continuin8 artivities. The 2020 total figures includÈd £106,122 of restricted donations and £141.031 of restrirted 8rants payable. All other income and expenditure was unrestricted. 10
BC Partners Foundation Company registration no. 07260058 Balance sheet at 31 December 2021 Notes 2021 2020 Current aets Debtors Cash 12,077 599,GG9 2,553 623,2a2 TOL91 assets 611,746 625,795 Credltors: Amounis falllni due wlthln one year 126,4721 197,8421 Net assets 585,274 527,953 Funds Unre5tricred funds 129,247 20,466 Restri¢ted funds 456,027 507,487 585,274 S27,953 These financial statements have been prepared in accordance with the provisions applicable to companies sublect to the small companlès. re8lme. The financial statements were approved by the Board of Mana8ement on 11 April 2023 and si8ned on its behall by.. Matthew Evan5 Trustee Dat•.. 11 April 2023
BC Partners Foundation Company registration no. 07260058 Statement of Cash Flows for the year ended 31 December 2021 2021 2020 Cash flows from operatlrtg artl¥ltles Net income I lexpenditurel 57,321 143,6291 Adju5tment5 for". Interest income Trade and other debtors 1391 114,224 19,5241 Trade and other credltors 171,3701 151,8991 Cash flows ienerated from operations 123.573) 18.657 Net Cash Ilow from oyratlnl actlvllles 123.573) 18.657 Cash flows from Snvest5nÉ arthltles Interest received 39 39 Net Ide¢reasel / increase in cash 123,5731 18,696 Cash ai beBSnnlni of the year 623.242 604,546 Cash at the end of the year 599.669 623.242 12
BC Partners Foundation Notes to the financial statements For the year ended 31 December 2021 Atcountlng pollcles The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20191- (Charities SORP IFRS 10211, the Finantial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2(K)6. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initiallv recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl. Going Concem Th•st finaA¢i•l statemènts have bo¢A prtp•r¢d tsA th¢ Éoin8 ¢on¢errt ba$is. Th• Foundation ¢ontinu*s to have a healthy cash balance with no donation oblieations and with all administration expenses bein8 covered by ongoing support from BC Partners LLP. Therefore, the trustees tonsider that there are no material uncertainties about the charrtVs ability to continue as a going concern. Income Income received undèr the Gift Aid scheme is induded in the Statement of Financial Activitiès gross of anv related tax credit. Expenditure Expenditure is accounted for on an accruals basis. Expenditurè on charitable activities comprises direct grant expenditure in thè year. Where expenditure cannot be directly attributed (support costs), they have been allocated to the activities on a basis consistent with the use of resources. Support Costs are incurred directly in supporting each activity and are all(xated based on the direct costs of each activity. Governance costs comprise the running costs of the charity, including any professional services required bv the Trustees. IA Gr•nts •w•rded Grants are awarded to a wide range of charities, both in the UK and abroad. The cost in the year represents artijal gfArits paid tn thp%p e.hariti(•S. Funds Vnr¢¥trSrt¢d fund¥ Unrestricted funds represent the unallocated part of the accumulated surplus remaining available for normal expenditure in future years. Restrfcted funds Restricted funds represent donations to be passed to specific charrtie5, from employees of BC Partner5. 13
BC Partners Foundation Notes to the financial statements For the year ended 31 December 2021 Estimates & Judgernents In the application of the Charitvs accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrwng amount of a55et5 and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. There were no specific judgements, estimates and assumptions that were critical to the preparation of these financial statements. Volunt•ry lThEome Unrtstrkt funds Rèstrfrted funds Total 2021 Total 2020 BC Partners 296,805 100.( 33.103 7.775 396,805 33,103 7.775 6,511 384,048 3,602 2.520 6,388 39 Other donations Gift Aid rècoverablè Gift in kind* Interest income 6,511 303,316 140,878 444,194 396,597 During the year, the Foundation was provided with finance function support by BC Partners LLP. It is rsot possible to quantify the value ol the support received over the year. so this has not been included as a gift in kind. During the year, BC Partners LLP paid professional fees on behalf of the Foundation. These included fee5 for audit. actounts prèparation and Campaniès Housè feÈs. Thè tost to BC Partnèrs ILP has bèÈn includÈd as a gift in kind above. Gr•nts aw•rdtd 2021 2020 Private Equity Foundation 8CPF Inc Dulwich College The Dolphin Society Right To Play Esperance Banlieu The Samson Centre Fine Cell Work 119,495 87,081 43,018 15,000 11,970 11.135 iO,(M)O iO.Crt)O 110,505 238,236 25,000 9,003 10,000 14
BC Partners Foundation Notes to the financial statements For the year ended 31 December 2021 Thames Valley Air Ambulancè The Hellenic Initiative ASL Royal Academy of Music Medecins Sans Frontieres Inc Balgowan School Schlau Fox EV The Byrd Hoffman Cancer Research Araba Scott Manhood Academy Twins Trust Unlocking Potential Thomas's Foundation City harvest JDFR American Councll In Germany Kieve Wavus Sands ickle pickle Big Change Gesher School Shooting Stars Fooiprirtts Orph•nage Breastcancer Now Ordinary 2 Extraordinary The Haemophilia Society St. Georges Hospital WaterAid Dementia UK British Heart Foundation American School in London Foundation Rennie Grove Hospice 5clence5Pro Kids Welcome The Wiesbaden khool Baker Street- Food Bank M5 Societv Evangèlische Siftung Alsterdorf Schlaufox Hertford College Hilf5verein St. Ansgar E.V. Parkinsons Action Aid Hospital For Heroes London 2 Cape Town Charity Stand up to Cancer Go Fund Me- Leukaemia Northern Ireland Childrens Hospice The Brain Tumour Charity iO.¢M) 8,753 7,500 7.SOO 7.220 5,910 2,895 1.841 1,382 1,339 1,300 1,250 7,173 51)0 372 372 338 300 200 200 200 100 100 100 100 75 75 50 40 950 240 15.000 7,906 7.174 3,572 2,112 640 630 525 508 soo 359 250 200 200 21)0 21)0 150 100 100 15
BC Partners Foundation Notes to the financial statements For the year ended 31 December 2021 The Eleanor Foundation Macmillan 100 1,200 11,2(M)I Total Grants Support costs (see below) Total Expenditure 368,311 18.562 386.873 442.733 12,5071 440,226 Support ¢osts Exchange losses I18ainsl Bank charges Governance costs.. Auditor's fee.. Audit 10,902 1,148 19,8901 995 6.512 18.562 6,388 12,5071 Employee inlomiation Thère were no èmployees employed by the Foundation during the year12020'. nill. There were no kev management personnel in the year. No trustee received any remuneration in the year or wa5 reimbursed any expense5 in the year12020.' £nill. Oebtors 2021 2020 Gift aid receivable Accrued income 10,295 1,782 2,520 33 12,077 2,553 16
BC Partners Foundation Notes to the financial statements For the year ended 31 December 2021 Credltors 2021 2020 Accrued donations payable 26,472 97,842 26.472 97.842 ReseNes Unrestrirted Re5trirted funds funds Total Balance brought forward Income 20.466 S07.487 303.316 140.878 1194.S3SI 1192.3381 S27,953 444,194 1386,8731 Expenditure Balance carried forward 129.247 456.027 585,274 Restricted funds represent donations made to be passed to specific charities, from employees of BC Partners. An•lysls ol Det •sMts UnrestArted Restrlcted funds lunds Total Debtors Cash 4,302 151.417 126,4721 7,775 448.252 12,077 599,669 126,4721 Creditors Net assets 129.247 456.027 585,274 17
BC Partners Foundation Notes to the financial statements For the year ended 31 December 2021 Related partles The following donations were received from related parties in the year: 2021 2020 N Stathopoulos ITrust•• of tha Fourbdationl J Kengelbach (Trustee of the Foundation) 3.101 Is.000 2.312 N Stathopoulos, a Trustee of the Foundation, is also a Trustee of The American School in London. During the year donations of nil12020.' £15.(M)01 were poid to the American School in London Foundation. io Guarantors The Found•tion is a ¢omp•ny limited by 8uarantee and has share Capitsl. In the event of the Foundation being wound up, the liability of members is limited to £1. 18