The Apax Foundation

Analysis

The Apax Foundation is a registered charity in England and Wales, based in London. It was registered in January 2006, 20 years ago. Its declared purposes cover general charitable purposes, education/training, the prevention or relief of poverty and amateur sport, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 05662690). It says it makes grants to organisations, provides other finance and provides advocacy/advice/information.

In the financial year ending March 2025, The Apax Foundation reported income of £1.9m and spending of £3.6m, spending 190% of what it took in. Across the 5 years on record, from December 2020 to March 2025, income fell from £4.1m to £1.9m (-54%), an average of -18% a year. The sharpest change came in the year to December 2021, when income dropped by 53%. Over the whole period it spent 155% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, The Apax Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in England and Wales with reported income it ranks in the 96th percentile. Charities of a similar size with the same main cause include Accommodation Concern (£1.9m), Hampshire Christian Education Trust (£1.9m) and Christian Life Ministries (£1.9m).

In its latest detailed accounts, income came from donations and legacies 74% and investments 26%. Charitable activities took 85% of spending and raising funds 0.7%. Grants to other organisations totalled £2.9m. Reserves of £73.2m would cover about 243 months of spending at that rate. It employed 1 people.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.