Reports &
Financial
Statements
For the year ended 31 December 2024
BC Partners Foundation
*AEC4991W*
2910912025
COMPANIÉS HOUSE
A18
#52

BC Partners Foundation
Contents
Page
Charity information
Report of the Board of Management
Independent auditoes report
Statement of financial actlvities
io
Balance sheet
li
Statement of Cash Flows
12
Notes to the f inancial statements
13-18

BC Partners Foundation
Company registratlon no. 07260058
Charity information
Charity registration number:
1136956
Company reglstration number:
07260058
Reglstered office:
40 Portman Square
London
WIH 6DA
Bankers:
Royal Bank of Scotland
250 Bishopsgate
London
EC2M 4AA
Independent audltor:
Forvls Mazars LLP
6 Sutton Plaza
Sutton Court Road
Sutton
Surrev
SM14FS
Trustees:
Cedric Dubourdieu
Matthew Evans
Marco Castelli (appointed 17 June 20241
Andrew Devine (appointed 9 September 2024)
Laurian Douin
Nikos Stathopoulos {resi8ned 6 June 2024)

BC Partners Foundation
Company reglstration no. 07260058
Report of the Board of Management
Introduction
During 2024 the Trustees of the Foundation continued to promote charitable giving amongst BC Partners and
its employees, This was achieved through continued emphasis on financial support for good causes including
the donation matching scheme, and encouragement and support for all employees to support charities by
81vlng up their time.
The Foundation Board of Trustees is made up of senlor BC Partners personnel and Is represented in all BC
Partners offices worldwide by a local representative. The Foundation continues to be principally funded by BC
Partners.
Charltable giving and actlvltles
During the year donatSons received have increased to £435,836 from £375,391 in 2023, an increase of 16.1%.
Of total donations, 100% relates to donations from the BC Partners group reflecting the continued presence
that the Foundation has within the firm.
Donatlons have been made to a broad range of charltles around the world, which can be divided into three
areas: li) communlty development le.g., infrastructure investments, development aid, health care
improvements); lill environmental conservation {e.g, pollution reduction, natural presepiation, clean
technologies). and liiil arts & education le.g, educational, scholastic or artistic programsl.
A list of the charities supported by the Foundation can be found at htt
www.bc
artners.com
about
foundation
The Foundatlon does not support unsolicited requests for donations but only supports
charltles nominated by BC Partners employees and alumnl.
Responsible investment at BC Partners
The BC Partners Foundation is a cornerstone in BC Partners, overall responsible investment strategy. As a
signatory of the UN Principles for Responsible Investment I'UNPRI'I, Environmental, Social and Governance
I'ESG") issues and considerations not only affect investment declsions but are also engralned In the thlnklng
of BC Partners. employees. The creation of the BC Partners Foundation was a natural addition to BC Partners,
ESG approach to responsible investment.
Report and audited financial statements
The Board, acting as Trustees, presents the report and audited financial statements for the year ended 31
December 2024. These have been prepared in accordance with the Charity SORP {FRS 1021, the
Memorandum and Articles of Association of the company and the provisions of the Companies Act 2006.

BC Partners Foundation
Company registration no. 07260058
Report of the Board of Management
Governing document
The BC Partners Foundation is a company limited by guarantee governed by its Memorandum and Artlcles of
Association dated 20 May 2010, and registered as a charity with the Charity Commission on 20 May 2010.
Appointment of trustees
The directors of the company, who are also charity trustees for the purpose of charity law, are appointed in
accordance with the Article5 of Association of the company and under the company's Articles are known as
members of the Board of Management. There is no fixed term of office for members.
The Foundation benefits from members of the Board of management being from a wide variety of
backgrounds, with a diverse range of skills.
Trustee induction and training
Inductlon programmes for 8oard members are tailored to the needs of individuals. New Trustees are sent
the Foundation's Memorandum and Articles, and encouraged to familiarise themselves wlth the charlty 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
f inancial statements.
Organisation
The Trustees are listed on pa8e one of the flnancial statements. They meet annually to discuss the running
of the Foundation.
The Trustees have delegated the day to day administration of the charity to M Evans {Trustee}.
Responslbllitles of the Board of Mana8ement
Company and charity law require the Board to prepare financial statements for each financial period, which
give a true and fair vlew of the State of affalrs of the Foundatlon as at the balance sheet date and of its
income and expenditure. In preparing these financial statements, the Board is required to:
select suitable accounting policies and then apply them conslstently;
make judgements and estlmates that are reasonable and prudent;
state whether applicable accounting standards and Statements of Recommended Practice have been
followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis, unless it is inappropriate to presume
that the charlty will contlnue in operation.
The Board is responsible for keeping adequate accounting records, which disclose with reasonable accuracy
at any time the financial position of the Foundation and enable preparation of the financial statements
complying with the Companies Act 2006 and the Charities Act 2011. The Board is also responsible for
safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.

BC Partners Foundation
Company registration no. 07260058
Report of the Board of Management
Statement as to disclosure of Information to the auditors
So far as the Trustees are aware at the time this report Is approved,
there is no relevant audit information of which the Foundation's auditors are unaware; and
the Trustees have taken all steps they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.
Foundation's aims and objectlves
The Foundation's aims are to encourage giving from employees of BC Partners and to distribute grants to a
range of charities in line with the wishes of the Trustees and the employees of the group.
Summary of the main artivitles undertaken for the Publlc Benefit
The charlty's maln activrty is providlng grants to a wide range of different charltles, both In the UK and
abroad, All of these charities provide a public benefit In different ways, so by provlding grants to these
charities, the charity is providing a public benef it through them.
The Foundation's Trustees have complied with their duty per the Charities Act 2011 to have due regard to
the Publlc Benefit 8uidance publlshed by the Charlty Commission.
Financial review
During the year, £435,836 was recelved as donatlons, and £571,518 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 its charities. BC Partners LLP ha5 indicated its intention to continue to support the charitable
activities of the Foundation.
Reserves Policy
All funds recelved by the charlty 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.
Grant pollcy
Grants are awarded to a wide range of charities, both in the UK and abroad. The c05t in the year represents
actual grants payable to these charities.

BC Partners Foundation
Company registration no. 07260058
Report of the Board of Management
Rlsk assessment
The Foundation faces various risks to which the Trustees have systems in place to mitigate:
There is a risk that without due governance the Foundatlon may not meet its charltable objectlves.
To mitigate this risk, we have ensured that our Trustees have the relevant experience and
competence to supervise all aspects of the Foundation's work,.
There is a risk of potential conf licts of interest. To mitlgate 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
There are various financial risks faced by the Foundation. These are mitigated by the operation of
strlngent flnancial controls and procedures.
Plans for future perlods
The Foundation aims to continue to grow In future periods, and to continue to make employees of BC
Partners aware of the work that St does.
It will continue to match donations made by employees to charities, which it is hoped will encourage further
growth in charitable giving by employees.
Audltors
Forvis 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,
As approved by the Board of Management and signed on it5 behalf:
Matthew Evans
Trustee
Date: 25 Septernber 2025

BC Partners Foundation
Company registration no. 07260058
Independent auditorfs report to the members of BC Partner5 Foundation
Opinion
We have audited the financial statements of BC Partners Foundation (the 'charity') for the year ended 31
December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of
Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The
financial reporting frameworkthat has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including FRS 102 'Yhe Financial Reporting Standard applicable in the UK and Republic
of Ireland" {United Kingdom Generally Accepted Accounting Practice).
In our oplnlon. the financial statements:
glve a true and falr view of the state of the charity's affairs as at 31 December 2024 and of Sts income
and expenditure for the year then ended,.
have been properly prepared In accordance with United Kingdom Generally Accepted Accounting
Practice: and
have been prepared in accordance wlth the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International standards on Auditing IUKI {ISAs IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities 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 statements in the UK, including the
FRCS Ethical Standard and we have fulfilled our other ethlcal responsibilities In accordance wlth these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide
basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the flnancial statements is appropriate.
Based on the work we have performed, we have not identlfled any material uncertainties relating to events
or conditions that, individually or collectively, 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 respect 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 auditor's report thereon. The trustee5 are responsible for the other
information. Our opinion on the financial statements does 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 information is materially inconsistent with the financial
statements or our knowledge obtained in the course of the audit, or otherwise appears to be materiallv
misstated. If we identify such rnaterial inconsistencies or apparent material misstatements, we are required
to determine whetherthere is a material misstatement in the financial statements or a material misstatement
of the other information. If, based on the work we have performed, we conclude that there is a material
misstatement of this other informatlon, we are required to report that fact.
We have nothing to report in this regard,
Opinlons on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Board of ManaEement which includes the Directors, Report
prepared for the purposes of company law, for the financlal year for which the financial statements
are prepared is consistent with the financial statements; and
the Directors, Report included within the Report of the Board of Management has been prepared in
accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In light of the knowledge and understandin8 of thé charity and its environment obtained in the course of the
audlt, we have not Identified material mlsstatements In the Directors, Report included wlthin the Report of
the Board of Management.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, 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 financial statements are not In agreement with the accounting records and returns; 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 audit.
Responslbllltles of Trustees
As explained more fully in the Respon5ibilitie5 of the Board of Management set out on page 3. the trustees
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 being 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 are free from material misstatement, whether due to fraud or error.
In preparinB the financial statements, the trustees are responsible for assessing the charlty's ability to continue
as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have
no realistic alternative but to do so.

BC Partners Foundation
Company registration no. 07260058
Independent auditorfs report to the members of BC Partners Foundation
Auditorfs responsibilitie$ for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whetherthe financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion, Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in
accordance with ISAS {UKI will always detect a material misstatement when it exists. Misstatements can arise
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 users taken on the basis of the financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Irregularitles, including fraud. are Instances of non-compliance with laws and regulations. We design
procedures in line with our responsibllities, outlined above, to detect material misstatements In respect of
irre8ularltles, Includln8 fraud.
Based on our understanding of the charity and its industry, we considered that non-compliance with the
following laws and regulation5 might have a material effect on the financial statements: employment
regulation, health and safety regulatlon and antl-money laundering regulation.
To help us identify instances of non-compliance with these laws and regulations, and in identifying and
assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were
not limited to-.
Inquirin8 of management and, where appropriate, those charged wlth 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, Sf any, with relevant licensin8 or regulatory authorltles;
Communicatlng Identlfied laws and re8ulatlon5 to the engagement team and remaining alert to any
indications of non-compliance throughout our audit; and
Considerin8 the risk of acts by the charity which were contrary to applicable laws and regulations,
Includlng fraud.
We also considered those laws and regulations that have a direct effect on the preparation of the financial
statements, such as tax legislationi pension legislation, the Companies Act 2006, the Charities Act 2011 and
the Charities Statement of Recommended Practice.
In addition, we evaluated the trustees, and management's inceTrtive5 and opportunities for fraudulent
manipulation of the financial statements, including the risk of management override of controls. and
determined that the principal risks related to posting manual journal entries to manipulate financial
performance, management bias through judgements and assumptions in significant accounting estimates,
income recognition (which we pinpointed to the cut-off assertion), and significant one-off or 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 alleged fraud,.
Gainin8 an understanding of the internal controls established to mitigate risks related to fraud;
Discussing amongst the engagement team the risks of fraud; and
Addressing the risks of fraud through management override of controls by performing journal entry
testing.
There are inherent limitations in the audit procedures described above and the primary responsibility for the
prevention and detection of irregularities including fraud rests with mana8ement, As with any audit. there
remained a risk of non-detection of irregularities, as these may involve colluslon, forgery, intentional
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
Reporting Council's website at www.frc.or8.uk/auditorsresponsibilities. This description forms part of our
auditorfs report.
Use of the audlt report
This report is made solely to the charity's members as a body in accordance with Chapter 3 of Part 16 of the
Companies Act 2006, Our audit work has been undertaken so that we might state to the charity's members
those matters we are required to state to them In an auditor's report and for no other purpose. To the fullest
extent permltted by law, we do not accept or assume responsibility to anyone other than the charity aTrd the
charity's members as a body for our audit work, for this report, or for the opinions we have formed,
N icola Wakefield
(Senior Statutory Auditor)
for and on behalf of Forvis Mazars LLP
Chartered Accountants and statutory Auditor
6 Sutton Plaza, Sutton Court Road, Sutton, Surrey, SMI 4FS
Date".
26 September 2025

BC Partners Foundation
Company reglstration no. 07260058
Statement of financial activities
For the year ended 31 December 2024
Notes
Unrestricted
funds
Restrirted
funds
Total
2024
Total
2023
Income
Donations
Gifts in kind
385,944
5,026
49,892
435.836
5,026
375,391
1,994
Total Income
390,970
49,892
440.862
377,385
Expendlture
Expenditure on Charitable
activitles
Grant making
173,465
432,893
606,358
363,309
Total expenditure
173,465
432,893
606,358
363,309
Net movement in funds
217,505
(383,001)
{165,4961
14,076
Total funds brought forward
139,355
383,381
522,736
508,660
Total funds carrled forward
356,860
380
357,240
522,736
The Statement of Flnancial Actlvltles Includes all 8ains and losses recognised In the year.
All incorne and expenditure derive from continuing activities.
The 2023 total figures included £55,460 of restricted donatioris and £130.459 of restricted 8rants payable.
All other income and expenditure was unrestricted.
io

BC Partners Foundation
Company re8iStration no. 07260058
Balance sheet as at 31 December 2024
Notes
2024
2023
Current assets
Debtors
54.617
351,102
58.591
555,941
Cash
Total assets
405,719
614,532
Creditors: Amounts fallin
due within one year
148.4791
191,7961
Net assets
357,240
522,736
Funds
Unrestricted funds
Restricted funds
356,860
380
139,355
383,381
357,240
522,736
These financial statements have been prepared In accordance wlth the provlslons applicable to companles
subject to the small companies, regime.
The financial statements were approved by the Board of Mana8ement on 25 September 2025 and signed on
its behalf bv:
Matthew Evans
Trustee
Date.. 25 September 2025

BC Partners Foundation
Company re8lStration no. 07260058
Statement of Cash Flows for the year ended 31 December 2024
2024
2023
Cash flows from operatin8 activities
Net lexpenditurellincome
(165,496)
14,076
Adjustments for:
Decrease/lincreasel in debtors
IDecreaselllncrea5e In credltors
3,974
143,317}
{1,6911
67,766
Net cash {outflow)/lnflow from operating activities
(204,8391
80,151
Net Idecreasellincrease in cash
(204,839)
80,151
Cash at beginning of the year
555,941
475,790
Cash at the end of the year
351,102
555,941
12

BC Partners Foundation
Notes to the financial statements
For the year ended 31 December 2024
Accountlng pollcles
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Flhanclal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 {effertive I
January 20191- {Charities SORP {FRS 102}I, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
The charity meets the definition of a public benefit entlty under FRS 102. Assets and Ilabilities are Initially
recognised at historical cost or transaction value unless otherwise stated in the relevant accountlng policy
notelsl.
Golng Concern
These financial statements have been prepared on the goin8 concern basls. The Foundation continues to
have a healthy cash balance with no donation obligations. BC Partners LLP has indicated its intention to
continue to support the charitable activities of the Foundation. Therefore, the trustees consider that there
are no material uncertainties about the charlty's ablllty to contlnue as a golng concern.
Income
Income recelved under the Gift Ald scheme15 Included In the Statement of Flnancial Actlvlties 8ross of any
related tax credit.
Expenditure
Expenditure is accounted for on an accruals basis.
Expenditure on charitable activities comprises direct grant expenditure in the year. Where expenditure
cannot be directly attributed (support costs), they have been allocated to the activities on a basls consistent
with the use of resources.
Support costs are incurred directly in supporting each activity and are allocated based on the direct costs
of each actlvltv.
Governance costs comprise the running costs of the charity, including any professional services required by
the Trustees.
Grants awarded
Grants are awarded to a wide range of charities, both in the UK and abroad. The cost in the year represents
actual 8rants paid to these charities.
Funds
Unrestricted funds
Unrestricted funds represent the unallocated part of the accumulated surplus remaining available for
normal expenditure in future years.
Restricted funds
Restrirted funds represent donatlons to be passed to speclfic charltles, from employees of BC Partners.
13

BC Partners Foundation
Notes to the financial statements
For the year ended 31 December 2024
Estimates & Judgements
In the application of the Charity's accounting policies, the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and underlying assumptions are based on historical
experience and otherfactors that are consldered to be relevant. Actual results may dlffer from these
estimates.
There were no speciflc Judgements, estimates and assumptions that were crltlcal to the preparatlon of
these financial statements.
Voluntary Income
Unrestricted
funds
Restricted
funds
Total
2024
Total
2023
BC Partners
Other donatlons
Gift Aid recoverable
Gift in kind
385,944
385,944
49,829
63
319,931
54,447
1,013
1,994
49.829
63
5,026
5,026
390,970
49,892
440,862
377,385
Durlng the year. the Foundatton was provided with flnance functlon support by BC Partners LLP. Itls not
possible to quantify the value of the support received over the year, so this has not been included as a gift
in kind.
14

BC Partners Foundation
Notes to the financial statements
For the year ended 31 December 2024
Grants awarded
2024
2023
BCPF Inc
85,768
5,668
3,218
1,411
390
41,227
8,641
2,805
1,781
350
Spread a Smlle
Medecins Sans Frontieres Inc
Macmillan
Cancer Research
TY Hafan
Anthony Nolan
SOS Villages
MIVA Foundation
CrowdFunding- Evies Recovery from Leukaemia
Bellas Path to Independence
Crowdfunding donation - supportln8 Aaron Oscar and
Stanley
TOG
Plan International
Proxlte
Ronnie Grove
Girl Guiding
Wiklmedia Foundation
Stiftung Deutsche Krebshilfe
Guernsey Office Charity
Ickle pickle
Evan8elische Siftung Alsterdorf
Private Equity Foundation
DEC
TEGV
Solidarity Ukraine
Rennie Grove
Autistica
924
165
2,561
665
432,160
loo
525
1,022
7,106
923
13,254
9,536
200
67
360
5,000
300
360
125,000
46,274
43,930
14,812
9,732
7,182
4,286
1,939
1,447
1,253
1,103
I,ioo
864
Petits Princes
Thomas's Foundation
Red Cross
Womankind Worldwide
Tommy's
Home Start
EDM donation
Helens Fight Against Cancer
Twins Trust
500
300
Leeds weekend Care Association
Office charity
206
200
15

BC Partners Foundation
Notes to the financial statements
For the year ended 31 December 2024
Lewisham + Greenwich NHS Trust Charity
150
Total Grants
Support costs (see below)
Total Expendlture
571,518
34.840
606.358
315,248
48,061
363,309
Support costs
Exchange Losses
Bank charges
Governance costs..
5,288
1.126
3,636
844
Auditorfs fee: Audit
Auditorfs fee: Non-audit fees
Bad Debt Expense
9,570
16,086
2,770
34,840
35,301
8,280
48,061
Employee information
There were no employees employed by the Foundation during the year12023: £nill. There were no key
management personnel In the year,
No trustee received any remuneration in the year or was reimbursed any expenses in the year12023: £nil}.
Debtors
2024
2023
Glft aid recelvable
54,617
58,591
54,617
58,591
16

BC Partners Foundation
Notes to the financial statements
For the year ended 31 December 2024
Credltors
2024
2023
Accrued donations
Accrued expenses
Trade creditors
11,550
18,803
18,126
55,222
36,574
48,479
91,796
Reserves
Unrestrfcted Restrlcted
funds
fund5
Total
Balance brought foDNard
Incorne
Expenditure
139,355
383,381
390,970
49,892
1173,4651 1432,8931
522,736
440,862
(606,358)
Balance carried fonvard
356,860
380
357,240
Restricted funds represent donatlons made to be passed to speclflc charlties, from employees of BC
Partners.
Analysls of net assets
Unrestricted Restricted
funds
funds
Total
Debtors
Cash
Creditors
54,617
(54,237)
54,617
351,102
148,4791
405,339
148,479)
Net assets
356,860
380
357,240
Related parties
There were no related party transactions in the year 2024 {2023: £nill.
17

BC Partner5 Foundation
Notes to the financial statements
For the year ended 31 December 2024
io
Guarantors
The Foundation is a company limited by guarantee and has no share capital. In the event of the
Foundation being wound up. the liability of members is limited to £1.
18