POLICY EXCHANGE LIMITED

Registered charity 1096300 · accounts filings on the Charity Commission register · also known as POLICY EXCHANGE

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.

Causes: Education/training · website · Get email alerts

Financial health, per its FY2025 accounts

The accounts state that the charity recorded a surplus of £117,900 on total income of £3,939,392, with total expenditure decreasing to £3,821,492. Per the trustees' report, unrestricted reserves stood at £2,562,359, which comfortably exceeded the stated policy target of four to six months' regular operating costs. The auditor confirmed that there are no material uncertainties related to the charity's ability to continue as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts audited by HW Fisher Audit. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — Policy Exchange (matched by registered charity number).

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 30/09/2025)

Reported reserves equal ~8.4 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (98% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 6.8% of total income — above the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

• THE HON ALEXANDER DOWNER ACchair
• DAME PATRICIA HODGSON
• DANIEL POSEN
• LORD ANDREW ROBERTS OF BELGRAVIA · trustee of 3 other charities
• LORD FELDMAN OF ELSTREE
• LORD KARAN BILIMORIA · trustee of 1 other charity
• LORD SIMON WOLFSON OF ASPLEY GUISE
• Ommasalma Shah
• Professor Greta Jones
• SIR DAVID HARDING
• SIR DAVID ORD
• WILLIAM SALOMON

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Common questions

Known funders

Grants to this charity found in funders’ own accounts filings.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with HIGHER EDUCATION POLICY INSTITUTE.

• HIGHER EDUCATION POLICY INSTITUTE income £842k
• TRANSFORM DRUG POLICY FOUNDATION income £272k
• THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM income £932k
• THE PENSIONS POLICY INSTITUTE income £1.0m
• HEALTH EXCHANGE income £8.1m
• THE CENTRE FOR ECONOMIC POLICY RESEARCH income £7.5m

Side by side with its peers

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.