Finance Score: 6

Governance Score: -1

Support Score: 3

Good reserves management: +3
Fundraising costs low: +3

12+ Trustees: -1

Overall weighted support: +3

Overall GiG Score: 8

POLICY EXCHANGE LIMITED

Policy Exchange is one of the UK's leading market-oriented think tanks and exists to develop and promote new policy ideas. It works in partnership with prominent academics and other experts to conduct major studies and events on a wide range of topical issues including education, economy, environment, crime & justice, security, governance, technology, social and ethnic minority issues.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker
Reserves management has been consistently within official guidelines
Spending has increased over the last 3 years relative to the previous period
Fundraising costs are low relative to funds raised

Regulatory & Governance issues to consider:

There are 14 trustees whereas the Charities Commission recommends a maximum of 12

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/09/23		£4,021	£3,835	£186	£262	£2,555	£2,284	7.1	27	0
30/09/22		£3,952	£3,717	£235	£213	£2,369	£1,922	6.2	24	0
30/09/21		£3,397	£3,190	£207	£186	£2,134	£1,365	5.1	24	0
30/09/20		£3,349	£3,217	£132	£175	£1,928	£1,459	5.4	24	0
30/09/19		£3,392	£3,314	£79	£206	£1,796	£1,549	5.6	23	0
30/09/18		£3,013	£3,114	£-101	£201	£1,717	£1,282	4.9	25	0
30/09/17		£3,554	£3,763	£-210	£206	£1,854	£1,373	4.4	27	0
30/09/16		£2,568	£2,940	£-373	£162	£2,138	£1,429	5.8	26	0
30/09/15		£2,381	£2,633	£-252	£177	£2,510	£1,361	6.2	31	0
30/09/14	*	£3,968	£3,018	£950	£195	£2,763	£1,758	7	31	0
30/09/13		£2,520	£2,492	£28	£270	£1,813	£1,399	6.7	35	0
30/09/12		£3,224	£2,898	£326	£211	£1,785	£1,366	5.7	32	0
30/09/11		£2,171	£2,170	£1	£194	£1,459	£1,235	6.8	35	0
30/09/10		£2,077	£2,149	£-72	£199	£1,491	£1,198	6.7	34	0
30/09/09		£2,561	£2,205	£356	£156	£1,563	£841	4.6	33	0
30/09/08		£2,659	£2,189	£470	£189	£1,072	£492	2.7	26	0
30/09/07		£1,787	£1,585	£201	£464	£602	£413	3.1	30	0
30/09/06		£984	£723	£260	n/a	n/a	n/a	n/a	n/a	n/a
30/09/05	*	£568	£584	£-16	n/a	n/a	n/a	n/a	n/a	n/a
30/09/04	*	£530	£441	£89	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 6.7%
Fundraising Costs/Total Spending: 6.8%
Senior Staff Costs/Total Spending: 28%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 23%
Liabilities/Income: 19%
Unrestricted Funds/Total Funds: 89%
Reserves/Spending: 7.1 months
Net Current Assets/Spending: 7 months
Quick Ratio: 3.5

Asset Split ?

Balance Sheet History

Established: 22 years

www.policyexchange.org.uk

info@policyexchange.org.uk

02073402650

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Legal & financial advice

How it operates

Sponsors or undertakes research

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Pears Foundation - Grant to Policy Exchange
£45,000	17/03/2021	Core Funding
Pears Foundation - Grant to Policy Exchange
£45,000	16/12/2019 12	Core funding
Pears Foundation - Grant to Policy Exchange
£65,000	16/11/2018 12	Core funding
Pears Foundation - Grant to Policy Exchange
£45,000	20/10/2017 12	Core funding
Esmee Fairbairn - Grant to Policy Exchange Ltd
£30,000	31/03/2014	Towards a study and report exploring how policy makers can encourage civil society to take more responsibility for their local urban green spaces and how to attract funding to ensure they flourish in ....more Towards a study and report exploring how policy makers can encourage civil society to take more responsibility for their local urban green spaces and how to attract funding to ensure they flourish in the long-term.
Esmee Fairbairn - Grant to Policy Exchange Ltd
£62,000	15/09/2011	Towards research aimed at identifying the factors necessary to break cycles of deprivation in poor neighbourhoods.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (14)

Current Trustees appointed

Gender Split

Based on 13/14 persons

Age Range of Trustees: 58-81

ANDREW LAW Appointed: 2021, Occupation: Company Director

CHARLOTTE METCALF Appointed: 2015, Occupation: Journalist

DAME PATRICIA HODGSON Appointed: 2018, Occupation: Company Director

DANIEL POSEN Appointed: 2023, Occupation: Company Director

LORD ANDREW ROBERTS OF BELGRAVIA Appointed: 2014

LORD FELDMAN OF ELSTREE Appointed: 2017

LORD KARAN BILIMORIA Appointed: 2022, Occupation: Company Director

LORD SIMON WOLFSON OF ASPLEY GUISE Appointed: 2020

NIGEL WRIGHT Appointed: 2018, Occupation: Company Director

PROFESSOR GRETA JONES Appointed: 2015, Occupation: Retired Professor

SIR DAVID HARDING Appointed: 2020, Occupation: Company Director

SIR DAVID ORD Appointed: 2020, Occupation: Company Director

THE HON ALEXANDER DOWNER AC (Chair) Appointed: 2018

WILLIAM SALOMON Appointed: 2020, Occupation: Company Director

Legal constitution

Charitable company registered in England & Wales on 03/03/2003, number: 1096300
Registered at Companies House on 03/10/2001, number: 04297905

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints policy and procedures
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
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR14: 2 days late, AR05: 60 days late, AR04: 7 days late,

Main office

POLICY EXCHANGE
3RD FLOOR
1 OLD QUEEN STREET
LONDON
SW1H 9JA

Objectives

THE PURPOSES OF THE CHARITY ARE: 3.1 THE NON-PARTISAN ADVANCEMENT OF EDUCATION OF THE PUBLIC IN THE ECONOMIC SOCIAL AND POLITICAL SCIENCES AND THEIR EFFECT ON PUBLIC POLICY AND THE POLICY-MAKING PROCESS IN THE UK AND THE PROMOTION AND PUBLICATION OF OBJECTIVE RESEARCH; 3.2 THE PURSUIT OF SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE WITHIN THE LAWS OF ENGLAND AND WALES AS THE DIRECTORS OF THE CHARITY (HEREINAFTER REFERRED TO AS THE TRUSTEES) SHALL DETERMINE

Defined Area of Benefit:

EUROPE

Data Sources

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