Charity registratioll number: 528347
The Social Policy Association
Annual Report and Financial Statements
fiTrr th¢ Year Ended 31 December 2023
David Dixie F C A
Dixie A&sociates
167 Black Haynes Road
Selly Oak
Birniingham
B29 4RE

The Social Poli¢y Association
Contents
Reference and Administrative Detai15
Tru￿#$, Report
2to7
Stst¢ment of Tnth&S' Responsibilities
Independent Examinefs Report
Statement of Financ&al A¢tivities
10
Balance Sheet
Note5 to the Financial Sthtements
12to16

The Social Poliey Association
Reference and Administrative Details
Trustees
ProfrssorADn Marie Gray, Chair
Dr Gideon James Calder. Vice Chair
Mr Jatrnes Stallyer, Vice Chair (resigned 5 July 2023)
Dr Vikki Borland nee McCalL SectEtary
Dr Alexandra Chapman. Membership (appointed 5 July 2023)
Dr Jennifer Hamilton. Mem￿rShip (resigned 5 J￿Y 2023)
Dr Ixe Jatn¢% Gregory
Dr Chui Man (Ruby) Chau
Dr Elke HeTrns (resigned 5 July 2023)
Dr Enrico Reut¢r
Dr Ellen Stewart
Dr Kate Summers (re8igoed 5 July 2023)
Dr Janice Tripney
Mr Ewan Robinson
Fol￿de Ajos¢
Dr Naomi Finch
Dr Carolyn Snell
Dr Steve Rolfe
Dr Marku8 Ketola
Professor Anya A])med (resigned 5 July 2023)
Sieve laftati (resI￿ed 5 Ju]y 2023)
Dr Ales$io D'Angelo (appointed 5 July 2023)
Dr Hayley Bennett (appoivtted 5 Juty 2023)
Other Officers
Bar¢mes3 DoreeD Lawrence. President
Pri￿cIpal Office
10 Queett Strr¢t Place
ndon
EC4R IBE
Ch&rlty R¢glslratioB Number
528347
Banker8
Triodos
CAF Bank Iclwities Aid Foundation)
The Charity Bank
David Dixie F C A
Dixie Associates
167 Black Haynes Road
Selly Oak
Birniithgham
B29 4RE
Imdependent Examlner
Page I

The Soeial Policy AssociatioD
Tn￿te¢s, Report
The I￿￿tee5 present the 8nnual report together with the finBncial statements of the charity for the yfdr ended 31
Decetnber 2023.
Objeetlves and aetlvities
ObJea$ 4ftd41•x
The Social Policy Association (SPAX fomiedy the Social Administration Aswciation was founded in 1967 and
is a registered charity. Its objectives are:
- To adYaDce education and learniDg and in particular to advance teachin& research and the di55emination of
knowledge itt the field of social policy and administration.
- To organise or &ssi8t in orgonising le¢nwe4 ¢l&sses. Meetin￿ conferences and othtt courses of *udy for the
benefit of its member&
- To Conduct or commis5ioD research and publish its r¢suits.
- To print> publish and disthTr)ute books and other publicatio￿ that facilitate networks within. and encourdge the
developtnent of, the field of social policy.
- To make represet)tstion to government and otherrelevant aga￿leS about the activities of the association.
- To SP¢Dd fi￿￿8 and employ pwpk in OTder to firtherthe pwposes of th¢ a&wciation.
Publlc benefik
The tn￿tee5 confllm that they have complied with the requirements of s¢ctiOD 4 of the Charities Ad 2011 10
have due regard to the public benefit guidance published by the Cbarity Commission for England Wal¢s.
AehleY¢ments aDd perform*nc¢
We ￿e delighted to report that the finances of the association continue to be healthy and sow￿. As (Ff December
31sL 2023, the end of our fiDallcial year, we have a totsl current assets of £345,886. compared with £345.632 at
year end 2022 and £308.788 at year end 2021. In 2023 our totsl incorn¢ w&8 £164219. total expenditure was
£163.9&1 Dieaning that the moverneDt totalled +£255. ID doing 50 th¢ asWfi8tion commxtted more funds tOW8rd
Opportimity Grdnts, supported additional Social Policy Groups. ￿ted out Strat¢gy Reseorch repor4
ommissioned 8n animalioD projnotional film and covered the remaining wsts for the Social Poli￿ Teaching
PmvisioTJ Study.
Trends itt ineome
Conferenee income in 2023, n]ade up 63Yo of our overall incorne (in 2023 it Wds 47Y•). The. itkcome generated
from Tt]mbers' $ubwriptiO￿S in 2023 waq at 22Q/o (in 2022 tt Wa8 33Yts) with the remaining income made up of
roY￿ty payments at 15Yo of Ove￿11 income (in 2021 it W25 200/1). The slwe of Income fro￿ mernbership and
royal(ies did not drop per se, ID fact it increased but at a lower rate to the income geDerat¢d by the annual
ollf¢rence.
Cottfepett¢e Income
CoDf¢rcnce itt¢oJne 2023 £101.506. Thi5 a substatitiv¢ increasE from previo￿$ year5 (£49.377 iti
2022). Equally the ¢xp¢nditure for tbe collferEll￿ Wd5 higb¢r in 2023. £91.234 (in 2022 it £23,882) offtring
a profit of £10,272. W¢ will conlitiue to use the'ifyhouse. m(xJel to our annual conferences.
Page 2

The Social Policy Association
Trnsteesl Report
Menthrsh¥p iucome
The income genernted from members, subs¢riptions in 2023 was at £36,638. tn 2022 it was £34,612.
Membetshtp income is detern]ined both by the rnte but also the level that members wntriThut¢ ai. As well as
ensuring that membership fee5 keep pare with inflation. it is also important to ¢nsure that members are
contributing * the correct level. The fees h&v¢ not been raised in the last few year5 du¢ to the combination of
relatively for the last few y¢8rs. wages iti the sector and the ongoing cost-of-living LYiSiS. We continue
to monitor &nd review the fee stru¢ture we do also want to tske into consideration the financial
circunutances wkthin the sector.
Page 3

The Social Policy Association
Trusteu, Report
Detsilw 0fmenth¢￿ endofDee 2023
TotAI membe￿.. 607
This is up on the memlKrship reported 2021 of 517 and 2022 of 561. There is a parti¢ular in
International Band 4 and a slight deCre￿e in UK Band l. The overall illcrase in ￿emberShiP is welcome. . ,.
Type ol membership
Fee
2020
2021
2022
UK Band I
£40
127
136
99
UK Band 2
£75
55
57
51
57
UK Band 3
£95
114
120
138
UK Band 4
£125
87
97
117
International Band l (inc PhD)£4
International Band 2
£75
28
36
50
17
16
18
Inten]atioDal Band 3
IntematioDal Band 4
£95
14
20
30
49
£125
19
34
UK Organisation
International Organisatio
Economic South
Missing Data
£100
io
£50
£10
28
39
40
35
Total
457
517
561
607
01¢ that UK Band l in this table include UK PhD s￿￿ents and Undergraduate StI￿ents
*4 missing m¢mttrs can be explatned by thiJs¢ who have'administralorf rigbts but are not paid m¢mbers.
Royolii¥s
Royklties income was £21.724 in 2023, £21,267 tll 2022. £32,614 iti 202E and £8.483 in 2020. This includes
royaltÉ¢s paid in respe¢t of our journals (Canknidge University Pr￿) plus other publications {&g. joint
publi¢atlODS with Policy Pre55).
Administrative eosL4
2023, the SPA made a considerable payment to cover athninistrative 5UPPOrt costs, with Victori& Dufy
{Ul$l¢r University) providing valuable as5islanc¢ and support io the SPA exce￿1Ve team.
P4ge 4

The Social Policy Association
Trusteest Report
2023 Opport￿nity Graots
During 2023, the SPA c¢)ntinued with their nvo annual calls for applteants for opportunity wts. Thi5 scheme is
designed to enable events promoting soci21 policy by- for example- h¢lpillg to Show￿Se research, exploring
i&sue5 in l¢aming and te8chin& beginning conversations. making coA]nections between different acadEmi¢
perS[￿rtiveS, and britigirtg together academics, s￿deDts, practitioners. service-us¢rs. policyinakers and othe
with a stake in social policy.
For the 2023 Calls we decided to split the graots into two tiers.. Cat¢gory A {￿ to £IOOO) and Category B (up to
£5000).
In the frst (spring) round for 2023 the SPA committed to fijnd three applÉcations, all iti Catcgory A, i¥ith atotal
expendttire of £2780. Please sff below the main applicanl topic aDd amount awarded.
Idil Akinci (Univ¢Tsity of Edltib￿gh) Race, Power and Social Policy (£lOOO)
Michael Orton {UniYersity of WaThvick) Setting a New Agenda on Social Security (£980)
• Gary Crai8 (Independent)'R￿" and Social Research (£800)
In the second (autlllnn) round for 2023 the SPA committed to fitnd five applicatiODS- two iti Category A and
thTee in Category B- with a totsl eXpe[￿lture of £14.702. Plose see below the appli¢ani, topic and amount
awarded.
Kelli Kennedy ￿niversIty of Yorkl Uniyersity of Sheffield). Facilitating Interdisciplinary Communication
between Social Policy and Scientific Researcb {£lOOO)
JiaxiD Liu (Universty of York), PronK>ting S￿14] Policy Research on Ag¢iDg, Family* and Care in China
(£iooo)
Vi¢ki Dabrowksi (Liverpwl Hope University), Emwwering Change.. Worksbops for Effective Actio
1£3210)
• Fiona Dukelow (University COll￿e Cork), Alklsland Social Securtty Network. iEnagining the fiJbJre of social
security on the island of Ireland, (£4530)
Katherine Smith {Strathclyd¢ University), Witlless SeminaT5 and an SPA Confff¢n¢e Symposium exploring
25 Years of Devolution. (£4962)
Pollcy Groups
We issued a call for additional Social Policy gr()ups to the three operating Employrnent Policy" Housing
PolȢy" CliDiate Justiee and Social Poltcy. In addition to these three groups, the SPA decided to award and fijnd
th¢ foUowiTrg policy wups:
Fa￿llY policy
Pe￿510[]5 policy
Tax p)li
Soc&al Hxrni
These groups will work collaboratively to..
• revi¢w k¢y poli¢y developments in the UK both at the levcl of the Westinirtthr UK government alld th¢
govemments ID the devolved nations drawing on existing evidence.
. kelp stimulat¢ academic. public and policy debate abo￿ key social poltcy issues as well as provide JDa¢ertal
Use￿& for social policy s￿￿ents and teachers.
. fornL the basis of networks to brtng together members ofth¢ SPA with interests in each field, for exampk
org8nising syii)POsia at the SPA conference.
' ¢xganise poli¢y roundtables and workshops to actively engage with policy-maker4 practrlioners and othcr
academics beyond CUTrent SPA membeE5hip but with a view io encouragitjg people io join the SPA.
Page 5

The Social Policy Association
Trnstees, Report
All our Policy Groups have rlear plans to consider&nd report on issues rel&ting to equality, diversity 8nd
inclusioll. In pwttcular, the ways in which policy affttcts BlacL Asian alld Minority Ethnic (BAME} people,
Wome￿ disabled people and thos¢ In other groups wlth prOt¢￿ed characteristics is a key eoncern for all.
Tbe groups ore fimd¢d ftir two years (October2023- September 2025).
Flnattei41 iDStruments
ObJecdvaT andpollei
The chartty's activities ¢xp05e it to a number of finaDcial risks includfftng credi¢ ri$K cash flow risk and liquidity
risk. The use of finallcial derivatives is governed by the charity's poli¢i¢s appToved by the board of truyt¢e&
which provide written principles on the use of fillancial d¢rivatives to manage th¢s¢ risks. Th¢ charity does not
uge derivative financial instrumcnts for speculative purpos¢5.
Credltrtsk
The charity's prin¢ipal financial assets are bank balances and trdsty trade other receivables. and inYe5troents.
The charity's credit risk is primarily attributable to its trade rtteivables. The amounts presented in the balance
sheet are net of 8llowance5 for doubtful receivables. An allowance for impairment is made where there i5 an
identified Ios5 event whi¢14 based on preytous experienc¢, is evidence of a reduction iti th¢ r¢coverability of th¢
ash flow5. The credit risk on liquid filnds and derivative financial instrLullcDts is lirnited because the
untetparties are banks with high credit-mings ￿ls￿ed by international Credtt-rdtillg agencies. The chatity
hlg no significant concenirntioD of credit risk with exposure spread over a large number of counterparties and
customers.
Page 6

TIAe Soci¥41 PoAiey Assoeiation
Trustee5' Report
Reyerves PolleN
In line with our commitment to etJsur¢ the financiftl Stability of the Association, we decxded to f4JrnMlise our
fin4n¢ial reserve policy and the poli¢y to set our cutrent reserve at £130.000 was adopted by the trustees of the
SPA at our April 2019 Executiv¢ meeting. Our ￿SerVe balances with Tridos bank. On 3 1st D¢ember 2023 th¢
balaTV was £134,845.09.
We decid¢d to open new 5avin8s a￿Ount with the Charity Bank and place w initsal deposit of £IO.000 ID a
one-year fixed-temi savings aCCo￿L We aim to deposit an additional amounl up to £85,000 to minimise o
exposure under the Fillan¢ial Services Compen5alion Sche]ne.
Page 7

The Social Policy Association
ststement of Trnstees, Responsibilities
The trusttts are responsible for preparing th¢ trustee5' re￿MI and the financial statements in xcordance with the
United Kingdorn Acwuniing Standards (United Kingdom G¢nerally Accepted Accounting Practice) and
applicable law and tEgulatio￿.
The law applicable to chtirities requires the IT￿stees to prepare finattcll￿ statements for each financial year which
give a true and fair view of the state of affairs of the chartty and of the incoming resources ond appIl￿tiOn of
r¢sources of the charity for that perio(L In preparing these financial statemell￿ the trustees 8re required to..
s¢l¢cl suitable ac¢ounting policies and then apply them consislentty.
obs¢rve the methods and principles in the Charities SORP;
make judgements and ¢stinRtes that are reasonable and pnthn¢'
state whether applicable accounting standards have been follow¢(L subject to any material departures
disclosed and explained in the financial statements. a¥HI
prepare the financial statements on going concern basis unless it is inappropriate to presume that the
charity will conlinue in busines5.
Th¢ trusttts are responsible for keeping proFW accounting records disclose with r￿Onable atw at any
time the financial position of the charity and enable them to ensure that the financial ststem¢nts comply with the
Charities Act 2011, the applicable Charities (Accounts and R¢ports) R¢gulation4 and the provisions of the
constitution. The tnL%t¢es art also restKJnsible for safeguarding the ￿ets of the charity and hence for taking
reasonable steps for th¢ prevention and detection of fraud and other irregtslarities.
Approved by the trust¢¢s of the Charity on 4 Juty 2024 and sI￿d on its behalf by..
Professor Ann Marie
TtWSlee
rny
Page 8

The Soeial Policy AsSOCi¥dtion
Independent Examiner's Report to the trustees of Tbe Social Policy AssoeiatioD
I reporton the accoTrthts of the clwity for the year ended 31 December 2023 which are set out on pages 10 to 16.
Respective r￿￿ty￿SIbIlitieS of trustees and ex4miDer
The tnJste¢s are responsli )1¢ for the preparation of the accounts. The trustees consider that an audit is not
requkred for this year under srftion 14412) of the Chorities Act 2011 (the 2011 Act) and that an independent
examination is n¢¢ded.
It is my responsibility to-
txomine the accounts under section 145 of the 2011 ACL.
to follow the procedures laid dowD in the general Dir¢ctions given by the Charity Commission under section
145(5)(b) of the 2011 Ac¢ and
to sthte whether ptirticular have ¢ome to my attention.
B45is of indepeodellt ¢xainiDer's report
My exalnination was carried out in ac¢ordance with the genera] Directions given by the Charity CoD*nission.
An exaTlliDation includes a review of the accountittg records kept by the ¢harity and a comparison of the
accounts presented with those re￿. It also includes consideration of any unusual item5 or disclosures in the
accotsnts, aryd seeking explanatious from you L8 trustees concerning any such matters. The procedures
undertak¢n do not provide all th¢ evtdence that wouId be required in an alldiÈ and consequetttly no opinion is
given as to whether the a￿O￿lts present a 'true and fair view, and the report is Itmited to those matters set out
in the next statement.
IndepeTrdeDt examlner'5 $tat¢rnent
ITh cotmectton with my exaMTrllatiO￿ no matter has com¢ to my attention:
(l) which giv&s me r¢450nable Ca￿Se to beli¢v¢ that ITh any Anateria] respect the Tequirements:
. to keep ac￿ll￿tIng re¢ords in accordance with se¢tion 130 of the ChaTitics Act 2011" and
. to prepare a￿oUnts whtdTr a¢¢ord with the accounting records and compty with the accouttting
requirements of the 2011 A¢t
- have not been or
(2) to which. in my opinion. attention should be drawn in Order to enable a pmp¢r uDd¢Thtanding of the a¢rounts
tr) be r¢a¢heiL
David Dixie F C A
Dixie Associates
167 Black Haynes Road
S¢lly Oak
Birmingham
B29 4R
4 July 2024
Page 9

Tbe Soeial Policy Assoeiation
Statement of Financial Aetivities for the Year Ended 31 December 2023
Unrestrieted
fuDds
Totsl
2023
Nots
Income #nd EDdowments from:
Charithble activities
tnve5tment income
160.641
3,578
160,641
3.578
Totsl Encome
164,219
164,219
Expenditure OD:
Chtirltable 2etivitie5
(163.964)
1163,964
Total Expen¢Jiture
(163,964)
163,964
Net movement in fi￿d5
255
255
ReeonciliatiDll Otfllnds
Total ￿lldS brought forward
345,631
345,631
Tota] funds ¢arrted forward . .
345.886
UDTfStricted
funds
345,886
Total
2022
Note
Income aDd Endowments froin:
Charitable activities
Inveytment income
105.511
885
105,511
885
Total Income
106,396
106,396
ExpeDditur¢ OD:
Charitable activiti¢s
(69.552
(69,552)
To¢al Expenditute
(69,552)
(69,552)
Net movement in funds
36,844
36,844
ReconciliatKbn of funds
Tothl funds brougbt foLivard
Totsl fund5 carried forward
308,788
308,788
345.632
345.632
All of the chHrity's aclivities derive from continutng operations during the above tsvo periods.
The fi￿dS breakdown for 2022 is sbown in Dot¢ 8.
Pag¢ 10

The So¢i41 Policy Association
Oiegistration number $28347)
Balance Sheet as at 31 Deeember 2023
202J
2022
Note
Curretst assets
Cash at bank and in hand
345,886
345,631
Creditors: Amounts f4lilThg due within one y￿r
Net assets
345.886
345,632
Funds ofthe ehxrity:
URrtStrieted Income fund$,
Unrestricted fimds
345,886
345,632
Total funds
345.886
345.632
The financial Staten￿nts on pages 10 to 16 were approved by th¢ trustees. and authoTised for issue on 4 Juty
2024 and signed on their behalf by:
Professor Ann Mari¢ Grny
Tntstee
Dr ADlonios Roumpakis
TTU5tee
Pag¢ 11

The Social Policy Association
Notes to the Finaneial Statements for the Year Ended 31 December 2023
l Aeeounting polieies
Statement of compliance
The financial statements have been prepared ID accordance with AccounttDg ReportiEJg by Charitie8:
Stat¢ment of Recommended Pra¢tice appIicabl¢ to ¢Jwities preparing th¢ir accounts in accord￿Ce with the
Finall¢ial Reporting Standard applicable in UK al￿ Republi¢ of Ireland (FRS 102) (¢ffective l January
2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic or
Ireland (FRS 102) alld tb¢ Charities Act 2011.
Basis of preparatlo
The Social Policy A550ciation meets the definition of a public ben¢fit entity under FRS 102. Assets and
liabilities are intha]ly recognis¢d at histori￿ c05t or trawaction value unless oth¢Twise stated in the relevant
ac¢ounting policy notrs.
Exemptlon from pr¢pariDg 8 flow Staternellt
The charity opted to early adopt Bulletin I published 00 2 February 2016 alld hav¢ therefo￿ not in¢lud¢d a ¢ash
flow stat¢ment in these 6nallcial staternen
Going CODC¢Tn
The tThstee5 Consid￿ that th¢re are no Materi￿ uocejtsinties about th¢ charity's ability lo continue as a goiDg
concern.
Income #ttd endowments
Expenditure
All expenditure is rerogrnis¢d once there 1$ a l¢gal or conStrU￿1ve obligation to that expenditure. At is probable
settlement is required and the amount ean be m¢asur¢d reliably. costs are allocated to th¢ applicable
expenditure heading that aggregate simtl8r costs to that category. Where costs cannot b¢ directly &tributed io
particular headings they have been allocAted on a basis wnsi5tent with the us¢ of r¢souw, with central staff
Costs allocated on the basis of time spenl and depr¢ciation charges aUo¢ated the portton of the 85sei's use.
Other Support costs ar¢ auocated based on the spread of staff costs.
Churilable aedvliies
Charitabl¢ expenditure comprises those costs incurred by the charity in the d¢livery of its a￿1vItieS and services
for its beneficiaries. It i￿ludeS both costs that can b¢.allocoted dtrectty to such activtties and those costs ora
indire¢t nature ￿￿essAry to support thenL
Support costs
Support Costs Én¢lude centra] fimction5 aud have been allocated to activity cost categories on a basis consist¢nt
with the us¢ of r¢sources, for example, allocating prop¢rty Costs by floor areas. or per capit4 staff costs by the
time spent 84d other costs by their usage.
Gov¢rnan¢e eosts
Th¢se include the Costs attr￿U￿ble to the charity's compliance with wnstitutional and stsLutory requirement%
in¢luding audi( strategi¢ maDagement and tn￿tees,S tneetings and reitnbursed expens¢$.
Page 12

The SocRal Policy Association
Notes to the Financial Ststemenls for the Year Ended 31 Deeember 2023
T4x8ti0
The chartty is considered to pa55 the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the der￿lI10n of a clwitable company for UK corporation t&x purposes. Accordingly, the
¢harity is potentially exernN from taxation in resptcÈ of yncome or capital gains received within categories
¢ov¢red by Chapter 3 Part I l of the CoTpofdtion Tax Art 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992. to the extent that such income or gaiD5 are applied eXcI￿81ve1Y to charltable purposes.
Research and devdopmeDt
Research and development expenditure is written off as incurred.
C4sb and cash equiv*lents
C&8b and cash equivalents comprise cash on hand and call deposit4 and other short-tern) bighly liquid
investjnettts that are readily convertible tsy a known amouttt of casb and are subject to an insignificarn risk of
change in value.
FuDd structure
Unrestricted income fimds are genera] ffijnds that ar¢ available for use at th¢ try5t¢ess discretion in fillth¢r8n¢e
of the objectives of the charity.
FiDat)ei#l itssirurnents
Classlficathn
FiDan¢ial assets and Snancial liabilittes are Tttognised when the charity bewmes a party to the cotthctU41
provisions of the iDstrum¢ut
Financial liabilities and equity instruments are cl&8sified according to the substance of the contractual
arrallgem¢nts entered into. An equity instnunent is any contre¢t that evidences a residual interest in the assets of
the charity after deductlng all of its liabilities.
Recogmltlon ottdmeasurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), ex¢ept
for those financial assets ¢lwified a5 at fair value through profit or loss, which are ijhitially TDeasuTed at fair
value (which is norn￿1]Y the tsansaction price excluditig tTan5a¢tion costs}. unless the arrangement constitutes &
financing transaction. If an a￿sement constitutes a financing transaction, the fillallcial asset or finan¢ial
liability is measured at the present value of the future pa￿lents discounted at a llwrk¢t Tate of interest for a
similar debt instrumenL
Ftnan¢ial assets and liabiltlies I￿ only offset in the statement of financtal position when. aDd only when there
exists a 1¢¥411y enforceable right to Set off the recognised amounts and the charity Intends eitber to settle on a
net b&si$ QTIO reaiise the a&￿t and settle the liability simultaneo￿gIy.
Fijwicial a&sets gr¢ dert￿gnIsed when and only when a) the cotrtractual rights to the cash tlows froDI the
financial asset expire or are Settle￿ b) the charity tTansfeTS to another paty substantially atl of the risks and
rEwards of ownership of the financial ￿t. or ¢) the charity. despite having retained some, but not all,
sigoificant risks aod rewards of ownership, b&$ transfeTred control of the 8ssetto another pw.
Fioan¢ial liabilities are derecognised only whell the obligaiion specified in the conltxth is discharged. cancell
or expires.
Page 13

The Social Policy Association
Notes to the Financial Statements for the Year Ended 31 December 2023
2 Income from charithble activlties
Unrestrkted
funds
Total
2023
Tot¥1
2022
Gener41
Conferences
Royalties
Oth¢r events
Subscription5 frorn members
101.506
21,724
773
36.638
101.506
21.724
773
36,638
49,377
21.267
255
34,612
160,641
160.641
105,511
3 1nve8tm¢nt lll¢ome
Unrestrietrd
funds
Total
21123
Gener*1
2022
Interest re¢eivable and simil&T income:
Interest Teceivable on bank dewsits
3,578
3,578
885
Page 14

The Social Policy Association
Notes to the Financial Statements for the Year Ended 31 Deeember 2023
4 Expenditur¢ on ehAritwble aetivitle5
UDrestri¢leil
fuDd$
Total
2023
TotAI
2022
General
Note
Conftrences
Publ2catiODS
91.234
17,011
13.282
17,96
6,236
60
17.160
91.234
17.011
13282
17.961
6236
23.882
6,0(X)
Administrdtion etc.
Website and member servi
Bank cbarges
Legal aud profe&gional Se￿Ic¢S
Atlocated support costs
Governance costs
4,385
81
17,160
7,180
.020
1,020
1,020
163.964
163,9(A
S Analysis of govenMDce and Support eosts
GoYernaM¢¢ Costs
u￿r￿trIcted
funds
Total
2023
TotAI
2022
Gen¢rnl
Inde￿ident examiner fees
Examination of the fman¢ial 3tstements
l£gal fres
720
3(Kl
720
31)0
720
300
,020
1,020
1,020
6 Tru$t¢es remuneration and expenses
No trusttts. nor any persons connected with them, have re￿1V¢d any remuneration from the charity duritig the
year.
Page 15

The Soclal Poli¢y As50¢iation
Notes to the Financial Statements for the Year Ended 31 December 2023
7 TaxAtion
The charity is a regist¢T¢d ¢barity and is th¢refoTe exempt from t&KatiOn.
8 Funds
B4laDce #t 31
DeCe￿ber
2023
Balan¢e at I
JaDuary 21123
Ineomlng
r¢8ourc
Resour
expended
Unrestrieted funds
General
345,631)
(164219
163,964
345,886
Balanee At 31
Dec¢tnb¢r
2022
BalaD¢e #t I
January 2022
ID¢omlng
r¢yourees
Resourees
expended
Unrestri¢ted funds
Generdl
308.788
106.396
69.552
(345.632
9 AnAIysi5 of lle¢ #$8ets be¢ween funds
Unrestricted
fuDds
General
Total funds
Current ass¢ts
345.886
345,886
10 ATr•lysi8 ol Det
At l January
2023
At 31 December
2023
C*sh liow
Cash at bftnk and in hond
345.634
255
345,886
Net debt
345,631
255
345,886
Page 16