The Soclal Pollcy Association
Annual Report arKI Financial Statements
lorthe Year EThJed 31 DO¢￿be1 2025
rnott Ravensc
ftLlm
13 Portland Road
Egbaston
Blm)lThJharn
B169HN

The Soclal Polky Assoclallon
Contentg
Relefencè and Admlnlslrallvg Dotsbls
Report ol the Truslee$
2to6
stalemenl ol Trust¢es' Respons1￿11￿@$
Ind￿￿￿nt ExamineTS Report
Statement of FinarK4al kbvibes
Balance Sho&1
10
Notes to Financial Stalements
11 to 15

The Soclal Policy Assoclati¢>n
Reference and Admlnlstrartlve Dgts118
Trustees
Prnlessor Ann Marie Gray. Chair
Di Gideon James Calder, Vice Chair
Di Stephen Roll&, Sgcretary
Pfol Athina Vla¢hanloni, Treasurer
Df Aexandra Chapman, Membershlp
Dr Naoml FI￿h. Marketing
Mr Ewan Robinson, CommunieAllon
Dr Jan1¢¢ Tripney. Publications
Dr Hayby Bgnn9tt, Awards
Or Colin Clark, Conl$r8nces
Dr Aassio D'Angelo, Impa¢t and Engagem8nl and Joumal Edltor
Prol Christina Pantazis, Strategy
Folsadè ￿oSe, UGJPGRIECFI
Dr Clemmie Hill O'connor, UGIPGRIECR
Di Dianne-Dorninique Th8akston&. Equaltie5
Di Alexandgr Chapman, Teaching aThJ L•aming
Dr Enrico Reultrr. Tèaching and Learnlng
Dr Chui Man IRubyl Chau, Intemational
Dr Elizabeth Bailey, Intemallonal
Dr Lee James Gregory
Dr Markus Kelola
Other OIIic8fS
Barongss Doreen Lawre1￿0. Pr8sid8nl
Charity Nunknr
528347
prtnclple oir
10 Queen Stregl Pl
London
EC4R 1BE
ankers
Trlcths
CAF Bank Icharfues Ald Foundalionl
Thg Charity Bank
1rn19pendent Examinèr
Bèn Eley FGA
Bamelt Ravenscroft
13 PO￿all￿ Road
Egbaslon
BlimSn￿1aM
B169HN
Pagè I

The Soclal Pollcy As8oclallon
Trustee8 Report for the year ended
30 June 2025
Th& Irustges presgnl Ihelr report aThJ financlal slatemgnts of thg ¢hui¢h for the year eThJing 31st Dec8mb9r 2025.
Oblectlvè8 and actlvltlg8
The Social PolicyAsso¢iafjon ISPAI. lomigrly tho So¢ial Adminlstrallon Asso¢iallon was loundfyd in 1967
is a registered charity. Ils obieclNe$ are:
~ To advance education and18am5ng arKI in parti¢ular to advance leactruro. research and the disseminalon ol
krth%4eiJJ& In th9 Ilokl ol soclal pollcy and admSnlslratlon.
To organise or assist in organi5ing lectur8s, classes, meeliThJ5, conferences and other courses of study lor the
be￿111 ol its Memb￿$.
- To cOndl￿ OT commission research and publish Its f8SLths.
To print, pubtish and distribjle books and olher publication5 that lactlilale nOts￿rkS wiihin, and tho
evelopmenl of. th& fi&kJ ol wcial polioy.
To make representation lo governmtrnl and other rèltrvant agenci88 about the adfvitles ol th8 a$sr*ialion.
- To spgnd lunds and employ pe￿9 in ordgr to ftirther the purposes of the association.
The trustees confirm Ihal they have complied Ihg roquilgmgnls ol 5o¢1ion 4 01 th& Chariligskl 2011 10
have due regard to the publ... bènefit guidance published by th• r.harrty Commrs5ion loi EThJland an(J Wgle8.
We are pleased to report tha1 the flnance8 Ot the assc¢Sation continue lo be healthy and souncl. A8 of
31st December 2025. the end ol our thnancial year. we had lolal assets 01.. £1S5.505.93 IGAFI + £142.351.93
ITriodosl + £85,000 Ichartiy Bank) - £382.857.86 compared wlh £380.683.79 tn 2024. £345,886 In 2023, and
£345.632 in 2022. In 2025, our total irKome Yras £219,393.22, compared lo £182,645 in 2024 and £164,219
in 20231 and our total expenditure was £218,289.86, compared to £146,775 in 2024 and £163,964 in 2023-
meaning that Ihe movement tolalled +£1.103.381-£35,870 in 2024 and £255 in 20231. The association
deposltsd £85.000 into a savings account wth Charity Bank, and as of Dec 2025 had £142,351.93 in a savings
ac¢ouni with Trl(Klos Bank. These dèwstts are currentty c&pture(l in the lolal expendllure as othgoinp transfers.
In 2025, the assoclalk)n rgcelvgd an Income of £3.759.84 from the Charity Bank (ln retum lo a £85.000 deposll
to a one-year fixed term Savings account). In 2025, tho association reconled £3,796.69 from TwiLx40s Bank in
inleresl. In 2025, the association committed more funds toward OFportunity Grants, continued to support
existing Social Policy GroLPS and expanded its SUFVOrt to more Sociaj Policy Groups.
Tr•nds In In¢omo
Conler&nce Income In 2025 made uplust 0￿r 7V/. of our ovgrall Incomg (ln 2024 It was 83%). The Share
ol in¢omo g•neral￿ from membws, subscriptKsns in 2025 was just under 1*/. Iln 2024 il was at 20Y* and
In 2023 it Was al 22Ytyl, whlle royalty payThgnts made 6.5% of total Incom8 lin 2024 it was 10% of the wrall
In¢ome, and in 2023 It wa8 15%). Th& incoff* from m&mbershlp was £40.649.26 In 2025. compargd lo
£38,659.17 In 2024 8rYJ ¢36,638 in 2023. The Income from royallles was £13.924.96 In 2025 compared to
£18,709.61 in 2024 and £21,724 in 2023.
Page 2

The Soclal Pollcy Assoclallon
Trustees Report lor th8 yoar ond8d
30 Jung 2025
Conferenee IDeom•
Conference income in 2025 was £158.379.72, compared lo 2024 %then11 was £120.383.61 and 2023 %then it
was £101,506. The full expttnditure lor the 2025 conference was £133,521.35, ¢ompAred lo 2024 It52.494.27)
and 20231£91,Z341. Tho 2025 conference suplus was £22,858.37. We will continu& to use the'in-house. model
lo njn our annual conferenc&s (including the Annual Conferences of 2026 and 2027).
IIBryIx￿lp Ineom
The Ir￿ome generated from m8mb&rs' subscriplKJ)s In 2025 was at £40,649 demonstrating a steaty Increase
from 20241£38.6591. 20231£36,6381 and 20221£34,612).
mbership income ts dotermlngd tjoth ty the rale but also the levèl that m8mbers contrlbule al. W9 continue I
monitor and rawaw the fee 5truclur• but we do also want to take Into considèration Ihg Ilnancial circumstances
within the sactor. We will continve to rn0nrt￿ the memb8T$hip ial&s and we wll rewsit Ihelr pricing, after
taking Into consi(Sèration Inflation and wider linancSal cirwmstancas.
Total m9mb8rs: 653
This is up on the mernbership reported In 01561, 2023 01607 and 2024 of 631. Thg overall inethasg in
membership 18 welcomo and continuès each year.
Mumbtt tr￿mber Numl>or Nwnb
2024
2025
UK Band 1
UK Band 2
UK Band 3
UK Band 4
Intèrnational Band 1 {4￿ PhDI
International Band 2
International Band 3
Inlelnational Band 4
UK Organisation
Inteinatlonal Organisation
EC0TrJm￿ South
Earfy Ca￿91 Transition
Missing Data
£40
£7S
£95
£125
£40
£75
£95
£125
£too
131
133
47
136
51
124
97
57
138
135
118
51
18
41
35
62
21
16
18
49
19
35
10
£10
£40
40
27
16
20
561
631
Nole that UK Band 1 In this table include UK PhD sbjdènls and Undergraduate students
. Earfy Career Transmlon Band was introducod In 2024
Incorn¥ Irom royalties was £13,924.96 in 2025 {compa￿d to £18.709.61 In 2024 and £21.724 In 20231. This
includes roydties paid in respect ol our journals (Cambridge Unweiwty Press} plus other publications
le.g. ourlolnt publications with Poll¢y Press). The Ir￿m8 from royalties was lower in 2025 than Ihg eost ol
Open Attess publication ol Social Policy Review and $h*ing a printed copy members1£19.923.931.
Page 3

The Soclal Pollcy Assoclatlon
Trustees Report for the year ended
30 June 2025
Admlnlstratlve costs
In 2025, the SPA made a considerable payment lo cover admiroslrative SUFVOrt costs. Miss Vicloria Duffy
{Ulsler Universrtyl providing valuabfe assistance and svppori to SPA ex8¢utive team. full ¢osl ol the
administrative support offer8d by Miss Dulty was reconci19d In 2025.
In March and Octct*T 2025 the SPA agaln mad8 calls lor appI￿antS lor Cpporiunlty Grants. Thls schema 1$
designed lo enable events promoting social policy by- lor exarnplg- helpSng lo $how¢ase r&sgar¢h, explorl
issues in leamiThJ and taachlng. ￿innIng cOn￿rSatIOns, maklng conneclitsns belyfftn different acailemic
perspectives. and brfnging logèth&r acadam￿s. slud&nts, prac1ilitsners, se￿ICe-users, pOI￿YMakwS and others
vAlh a slake In soclal policy.
As in 2023 and 2024, for these calls ￿ again split th8 grants into tiers: Category A lup to £1.000} and
Category B lup to £5.0001. Tho su￿.8ct-rnatt0r was cyen. but ￿th thr9e prlortty argas lJgnlillgd as local points
IN engagemènt.. early earaèr rasèarchers.. thg third soctor. local putli¢ sector organisa1Kins.
￿•￿h 2tr25 c•ll
In this r¢￿1￿1 tho pan91 approv9d thr99 application$- all in category B- to a total expetNJlture of £10.680.
Category
Lead Applicant{sl
InBtrtution
Project T￿0
Amount
esled
SteV9n Ballanlyne
Freig Unbvgrislal B¢rtin
SkSlls Policy in t￿ UK
Claim Back the Fulu¥e -
sl￿tainable Welfare Worksh)
Who participates ? A one4ay
workshop on participatory
researd) sLKial I
£1.180
Thomas Rochow
UnNtirsity ol Glasgow
£4,500
Uisce Jordan
Univ8r8ity of Yo
£5,000
lobor 2025 ￿11
In the autumn round we commrtted to fvnd four 8pph'cations- all in Category 8-10 a totsl expendllure ot £12,280.
Plèase s8e beknv the main appllcanL Lop￿ and amount awarded.
Cat8gory
Load ApKltcantlsl
Institut￿n
Project Trtle
Amount
Re
u&stod
Llsa Gamharn
Universlty ol Strat￿lyde
Skills Poll¢y In th8 UK
Brfdglng pollcy and research..
Towards Inlerdiscwinary
&vldan¢&-basgd solutlons lor
Icod Inso¢urity in the UK and
be
So¢ial wllcy aThY de¢lslon-
maki
in times of Tolest
Creating participatory policy
solutions lor disabili
benefits
£1,180
Crndy Leung
Universlty ol York
£4,550
Robyn Fa*rett
Unfversity ol Dorby
£2,570
Kale Summers
LSE
£3,160
Pagè 4

The Soclal Pollcy As8oclallon
Truslees Aeport for the yaar onded
30 June 2025
2025 Caroor Laun¢h Ros•arch Grants
Also this year. we launched 8 n8w lundiThJ scheme specrfically aimed at Early Career Rese8ichers IECRSI. and
dedicated to the facllitalSon ol research. The aim is to create space lof ECR SPA members lo suslaSn Ihoif
r8sear¢h mr)mentum and securt concrete a¢hl&vements at a stage in their career when these things can bg
tspecialfy d)allgngSng. due lo other pressures and domands, arKI an in¢r9asingty competitive research funding
environment. Funds up lo £l.000 could be applied for. with the possibilty of follow-up funding in subsequent
rounds.
Against all expèctatlons glven the widespread sense ot the p)tsntial value ol such an award. thls schemo
recelved only one applicatlon. The ar4)Ilcallon was successful
Applicanl
InstSiullon
Project fille
Amount
ueslèd
Arvind Kumar
Unlverstty ol Hereford
Ethnic DisCriminat￿n in the
Indian Clvll SeNce Examination
£1.000
In the AU￿rnn 2025, we issued a call lor new SPA Policy Groups and IOT ext8nsk)n ol acllv411&8 of th8
existing groups. Following applications. th8 SPA decKled lo ¢on¢inu8 SUPPOrting thè loll¢M%ing 6 wlicy groups..
Employment Policy.. Housing Policy,. Family F#)licy.' Sooal Hami. Pensions policy- Tax policy., and to start
supporting Ibvo new groups on Poverty and on Migration. Each group is funded for Iwo ygars (January 2028-
December 20271, y￿th an allocation of £3.0￿ per group over the pefic&l.
{￿er the course of 2025. the 9roups have undet1aken a significant number ol aetivities. indudino online seminars,
in-person events. prOd￿tIon ol blogs- these are summarised on the SPA website and have been widely advertised
on the SPA online channels. The groups have dso been inVo￿ed in organlsirrfJ Ihemalk pan&ls lor Ihg 2025 SPA
conference and have taken part in the Social PoI￿Y and Soci8ty Annual Event (Jun& 20251, pre80nling analysis
of UK policy dovebprnenls since the last general election.
All groups have been provKled with written gui(lelines lon how to use and ￿e$S thelr allocat￿ budget and o
issues ol external communications), have been invited lo take part into an online coordination meeting at thts start
of each academic year. and have kept in regulaT coniact wllh the relevanl members ol the SPA Executive
Comrnillee.
Page 5

The Soclal Pollcy As8oclatlon
Truslee8 Report for Ihe year ended
30 June 2025
Flnaclil In¥trumeiii#
The charity's a¢llvhbs exwsg h to a number ol thIa￿la1 rlsks Indudlng credll rtsk. cash flow iisk and Ilqukllty
risk. The use ol financial darivalives is govemed by the charity's wliaes approved by th8 board ol INslees,
which provide written principles on the use ol ffinan¢ial derEvalives to manage these risks. The charity does not
use derivativè Ilnan¢lal instyuments lor speculative wiposes.
The charity's prfnclpal linanoial assets arè bank balances 8nd cash. tr&Je and othèr I￿8￿¥4b18$, and
Investments.
The chaiity's ¢r8dit risk is primarily attritrArtablè to Its tradg receivables. The amounts presented in the balance
she81 are net ol allowancas lor doubttul receivables. An allowance lor impairment 15 made ythe￿ there is an
idenlilied loss ￿ent which. based on previous eJperi8nc8. is &wden¢e ol a reducb'on in the recoverability of
cash flows. The Cfedit wisk on Ilqukl l(tnds and deiivatwe finartial inslwments is limilgd because Ihe
countgrparties are banks ￿ high cr8dil-ralings assigned by intemational credil-raling aggnc19s. The charity
has no siunilicanl ¢oncantFation ol credit risK Mlh gxp)sur8 spread over a large numbor ol counlgrparhes aThJ
customers.
In line Ythh our commitmgnl lo erwre the financial 8tability ol thg As$ocialion, we decided to formalise oyr
financial reserves policy and Ihg policy to set our current re59rve al £130.000 was adcpted by Ihe Trustees ol
the SPA al our April 2019 Executive meeting. Our reserve balances with Trtodos Bank. On 31st December
2025 th& balance was £142,351.￿ (compared lo £137.792.21 by end DO￿n￿r 2024 at)d 134.845.09 ty end
Decembar 20281.
We decided to f8-inve8t £85.000 in a one-year fixed-leTm saviNJs account wlh the Charity Bank (Letter Iwm
Charity Bank daled 15 October 20251. this will rnalure on 14 October 2026. We are aware that the amount
¢OVgrèd by the Finarrial Services Comp8nsats)n Scheme was increased lo £120,OfK) in December 2025, and
we will Consider this threshold in our lutuie decisions about sawngs ar£ounts.
Pago 6

The Social Pollcy As$oclatlon
30 June 2025
The trustees are responsSNe lor pr8paring the trustses. report and thg financial statemerts in
accordance wth the United Kingdom Accounting Standards Iunited KirKJdom G9n&rally Attepted
Accounting Practice) and applicable law and regulations.
The law appliCa￿e to charitiès requires the trustees to prepare ffinancial slalements for each flnancial
year which glvè a true and lair view ol ttje slate of aflairs ol the charity and ol h8 incoming resources
and application ol resources ol th¢ tharity fer Ihal perlod. In preparfng ihese ffinanCI￿ stslements,
the Iwslees are requiied to:
. selgct suliable accounting policitrs and aFply them consislenlly-
• obseNe the mglhods and principles in thè charitt￿ SORP.
• make judgements and èslimales that are reasona￿? and pmdènl.
• state wheiher applicable UK A¢¢ounling StandaTds have been lollowgd. Sub￿ to any malerlal
dèpartures disdosed and explained In flnan¢ial statements- and
. prepare the linanclal statements on the going concgrn basis unloss11 is inappToprfale to pr9sumg
that the charitablè company WSH continue in business.
Thg Irustaes are respons￿1? for kegping adequate attounling recor(Ls that disclose with Teasonable
accuracy at any tsme the finar￿la1 position ol the charity and enable them to ensure Ihal the financial
statements compll wlh the Charities Act 2011. the aFpliC￿e Charities IAccwnts and Reports)
Regulations, al￿ thè provisons ol the constitution. The Iruslegs arg also responsiLI8 lor saleguardir
th& assets ol the chartty and hence for taking reasonablo stsps for prev9nlion and detection ol
Iraud and othgr irrggularitios.
AFpwv8d by the trustees ol th& charity on 2141ri12026 an(J slgned on Its behalf by:
essor Ann Marie Gray
Truslee
Page 7

Tho Social Pollcy Assoclallon
Indopondont Examlners Report
31 December 2025
I ieport on the accounts ol thè Trust lor the year ended 31 De¢emk4r 2025 as set oul on pages 9 to 15.
As the Charitys Trustèes. you ar9 r9sponslbb lor Ihe PTeperathon ol the ac¢ounts: you considor Ihat
an audll Is not requI￿LI for this year und&r sèctson 144121 ol the Charities Act 2011 Ith& 2011 A¢ll and
that an IrKI￿9nd•nt examination is neede(l.
Having satisfied mys811 Ihal th8 charlty Is not subject lo an audtt und8r company law aThJ Is ollglbl8 lor
I￿1¥pend￿nt examination. il is my rasponsSblllty to '.
examine the accounts uThJer soction 145 of the 2011 Act,.
follow the procedures laid down in thè general directions given by the Chaty Commission under
$8ction 14515llbl ol the 2011 A¢1: and
state wh8th•r partKular malters have com& to my allenlion.
y examination was carried out in a¢￿[dance with gèneral directions gwen by the Charity
Commission. An oxamination include3 review ol the ￿COUn1•ng records kepl ty the chaTty and
a comparison ol Ihe accounts presenled with th08e records. 11 also consideratKJns ol any
unusual items or disclosures Sn the ac¢ounls, and seeking eX￿a￿allOnS Irom you as truslo8S
con￿rnIng any SLTrch matt&rs. The ProC￿Ur9$ underlaken do not wovide all th8 ethlgnce that woykl
be required in an avdil, and cons8quenlly no opinb)n is given as to Ythethei the accounts p￿sent a
'Irue and fair wgvf and the rewl is lirnited lo thoso matters $$t out in Ihe statemenl below.
'.Li'.
I have COm￿eted my examination. I can confirm Ihat no matersal matters have come lo my attention
n connection with the examinalK)n giving ¢aLSse to bglievg that in any respect..
111 which give Me ieèsonthe cause to believe that in any material respect the requirements..
to keep accounlinp records in accordance with section 130 ot the cha￿118$ Act 2011 . aThJ
to prepare accounts which accord wlth the accounting records and ￿mplY wlth Ihg accounllng
requlrements 012011 Act.
121 lo whl¢h. in my opinion , altention sl)ouk4 be drawn in ordèr to enable a proper underslandirKJ ol
thtr accounts lo bg reached.
B•n Ekny FCA
Indopgndent examiner
For jnd on bohalf of Bamètt Ravonxroft Llmllgd
13 Portland Ro
Edgbaston
Blrmlngham
816 9HN
Date: 21 Aprll 2026
Page 8

The Soclal Pollcy A83oclatlon
Stalemenl of Ilnancial activities for the or1d￿ 31 December 2025
Note
iknrnstrtet•d Totsl Funds
Fund¥
2025
Incom• and End¢h¥ments from..
Chadtable 8CtTh711es
Investment Income
211,837
7.556
211.837
Total In￿m0
219392
219.392
Expendllure on:
Charltablè actmties
Total EwndRure
218290
218,290
218290
218,290
Nel movomont in lurKIs
1.102
1,102
ROC￿¢1￿1110n ol funds
Total funds brought loThvard
381.756
381,756
Total lunts carried fomard
14
382,858
382.858
Note
Unreslrf¢l•d Totsl Funds
Funds
2024
Incorne and Endowm￿1$ from:
Charflable a¢tNities
Investment Income
177.873
4,772
177,873
4,772
T¢Xd Income
182,845
Charitable activllios
Total Eypendllure
146,775
146.775
146.775
Nel movement in lunds
35.870
35,870
Re¢ondll•llon ol lunds
T¢Xd lunds brought forward
345,886
345,8B6
Total lun¢Js Carrigd forward
14
All ol the charitys activities d&rfve from continulng operallot)s durfng thè ab)ve two Porfods.
Thè lunds LY8akdown lor 20241s shown in note 9.
Pago 9

The Social PolScy Asp•oclatlon
(Roglslrnllon Mmbor . 11331XJ3)
Balance Sheet 88 8131 December 2025
2Q4
Note
Debtors
Cash al bank and in hand
12
1,072
380.684
381,756
382.858
382.858
13
Nol wls
382,858
381.756
Fund$ of charity".
Unmtrktod In¢omo lunds
Unrestricted funds
362,858
381.756
Total lund$
14
S82.858
381.756
The linawal slalements on pages 9 10 15 wer8 approved by the trusts88, and aulh)rised lor issue on 21 AK¥ll 2026
aThJ signed on their ￿hall by..
Prolessor Ann Marie Gray
Trustee
IL/
Dr Gideon James Cak4&r
Trustee
Page 10

The Soclal Pollcy Assoclatlon
Notes to Iho Ilnan¢lal statements lor the >rar endèd 31 December 2tr25
SY0tsM￿t of eompllan¢e
The financlal $tst8m8nts havè boen prepared In accotdarte Aco)unling and RwrtiNJ tyChar*ties:
Stalemenl ol Recommended Pra¢lice spplicable to ¢harilles prep9ring their accounts in accordants S￿4h
the Financial Reporung Slathrd apyh'cable In the UK and R8pubKc of IrelaThY IFRS 1021
l•ff•ctivo 1 January 20151- (Chavilies SORP IFRS 10211. the Finandal RepDrting Standard arolkabtg
in th& UK and Reput￿￿ of Irdand IFRS 10218nd the Charttb8 Act2011.
Bo$lB ol pr•p•rnllon
Thè Social Policy Assoriation meets the delinition of a bonefft entily under FRS 102. Assets arbd liabilitie5
are Inllilly recognisod ai cost or tran5acbon value unless othe￿I￿e stated In the rel8vant ac(x)unting
policy note5.
Exomptlon trorn w•wlng * eash flow statsment
The charity opted to earfy adw PAJlblin I pubH$hed on 2 February 2016 aThl have therelore ￿t Incl￿
cash fbw statsmgnt in thèso financ4al statsm8nt5.
The Irustegs consKler thatlhere are no matèylal uThxrtalntws atout thè Chari1￿ continu8 as a goir
cOr￿arn.
Exp•n**¢ur•
l expenditure Is recognlsed once Ih8re Is a legal w construdve ￿lgation 10 ihal gxpenditur?, il is probable
settlemeni Is req￿red ar*S the ameunt Can b9 measured ieliabty. Ml costs are alkxated to the aFVtKat)
expenditur? h8adirYJ that aggregat8 Simrfar costs to Ihat ¢ategory. Where eosts canmt be directly at￿tr￿tsd to
part￿￿￿ headlng$ they have been alk)caled OTh a b8sis consistent w41h Ihe use of resourees, ￿th central 81all
costs alk￿t8d on the basis of time spent, and dowedalsw charw alkncaled on the portw ol the asset's ￿t.
(Jher SUp￿rte0$￿ a￿ aknl8d based on the Spre￿1 of stalteosts.
Charitable expenditure comprlws those costs Incurrèd by th6¢harty In lh8 d81Neryof its aclivibes and servKts
for ils ben8fiLiari8s. It I￿l￿re$ both costs that ean be allrtat8d diredtyto such activitie8 9TrJ th0$6 (¥)sts of an
indirect nature necessary to support them.
These indude the t￿¥ts attribut￿e lo th8 tharlivs conwliaKfr ¢on$thubonal and 51atLltory requirements,
induding audit. slratagi¢ management and Irustees$ meelings Teimbursed expenses.
Pa9911

The Soclal Policy Association
Notes to the flnanclal statements lor Ihe year ended 31 December 2025
1 Taxatlon
The charity is considered to pass the iests set out In Paragraph 1 Schedule 6 of the Flnance Act 2010 arn1
therefore rt meels the delinilion of a charitabb company lor UK corporation tax purposès. Accordingly, th8
charity is potentially exempt from taxation In respecl ol I￿oM9 or ¢aFAtal gains received withln categories
covered by Chapter 3 Part 1101 the Corporatkjn Tax ￿1 2010 or Sg¢1ion 256 of T3xalb)n ol Charggable
Gains Act 1992. to Ihe extent that such income or gain5 are applied exdusivèly to tharitable purposes.
Rgsearch and dgvalopmgnt exp8ndAure Is written off as incurre(l.
Trade debtors
Trode debtors are amounts due from customors lor meTthar*Ji5e sold or St￿1¢0$ ptrrfomed In 0￿Inary
course ol buslness. They are r￿Ognised Initially al the transaction price and are subsequently measured al
amortised cost using the effectwe intgresl method. less provision lor inyairmonl. A prowsion lof Ihe impairment
ol 15 established ther8 is objoctive evkJ&n¢e that th¥ wll not be lo ￿lI￿¢t all amoLtnts due a￿OrdIr￿j lo
th8 original terrns ol the Teceivabtes.
Cash and cash equivalents compris8 cash on hand arKI call dep08its, arKI Ot￿r short-lerm highty liqukl
inv8slmonts that are r&adily convertible lo a known amount and are sutie¢t to an insigntficant risk ol
¢harge In v￿U9.
Fund stwctuve
Unrestricted income lunds ar& general lurnls that are avallable lor use at th& tw8t9￿,8 d18cwllon In furtherance
ol Ihe objectives gf the tharity.
Page 12

The Soclal Policy Assoclation
Noles lo Ihe Ilnanclal stslemenlg for the year ended 31 December 2025
Remgnluon and Measuren￿￿t
All ffinancial assets and liabilities initially measured al Iransactlon prlcg lincluthng transaction costsl,
except lor those financial assets ¢lassilied as al lair value through profit or loss, whSch are Initially measur8d
at lali valu8 (which is norm￿lY the transaclion price excludlng transaction cosl$l. unles5 arrangoment
constitutes a finan¢lng transactlon.11 an arraroem$nt Constitules a finan¢ing transactlon, the financi￿ asset
or financial Ilability is measured al the present value ol Ihe lubJr8 payments discounle(l at a rnarkel rats ol
inl8re$t lor a simllar debt InstDJm8nt.
Financial assets and liabllitle5 are only offset in thè statement tsl linAneial position whgn. and only vth8n therg
exLsts a legally 8nlor¢e8blo right to set off th& recognis$d amounts and th8 Charity intends ellhar to settle on
a net basls. or to realise the asset and settl• the Ibthlty slmultaneously.
nancial assets are derecognise(I when and onty Tr%hen al the Contractu￿ rljhts to Ihg ¢ash Ilows from th¥
fina￿181 asset expire ¢x are settled, bl Ihe charity transfers to another party substantialty all of Ihe risks
fewards ol ownership ol th8 financRI as581. or ¢1 the charity, despit8 hawng rètained some, but not all.
sHJnrficanl rfsks and rawards ol ownership, has Iran$18rred control ol the asset lo anofvr paty.
nancial liabilities aro dwaccgnised onty when the obllgalkjn ycified in th8 ¢ontract is dlscharg8d,
cancèlled or expires.
Pag8 13

The Soclal Pollcy Association
Notes to the flnanclal statements for the year ended 31 Decembor 2025
2 Incom• Irom charltable aBllvltlg9
Unr￿1rfct•d
Totsl
Totsl
aon•Yal
Conferences
Royalties
Other ev&nts
Subscrfptlons
156,380
13,925
883
156,380
13,925
883
40,649
120,384
18.710
120
3 Invgslmwl Income
lund8
O•n•r•l
Interest receivable Similar in¢ome',
Intwost ffK•lvt*l8 on bankt*po8h8
Expondllum on ¢h•rltsble •011￿1•¥
Unr•*rl¢i•d
fufftd•
1&8.521
19.924
133￿1
19,924
9.600
40.041
Publeallo
29.418
Admlnlstralkm e
Wob8ilo ar#Y member 80ThI¢oB
Bar& chary88
Legal and prolemsknal ryer•l(xs
Govemance costs
40.041
1035
720
218.290
18.477
218
S Ar*1• ot go￿n￿¢• and •upport ￿&18
GovThnc•
fund•
Total
Indeperhleftl examiner fees
Examlnation ofthe financial 8latements
720
333
Page 14

The Social Policy Association
Not08 to the financlal statements for the year endgd 31 Decern￿r 2025
6 Trnsttes Mmumratlon •nd &xponso8
No tru$lges. rtor any persons connected wih t￿m, ha￿ receNed any remun8ratlon from tha charity duriro the
year.
7 Taxallon
The charity Is a registered ¢haflty and Is Ihgrefore 9xempl from laxation.
8 Debtorn
The aggregate payroll costs were as follows..
Tot•1
2025
Totsi
A¢¢rutd Ir*ome
1,071
9 Fund•
UnTfrstrlthd lund•
General
8alonc• •t knl
G8neral
182
T•)tsi
QJThgrrt as8gts
Currnnt Ilat4llbo8
Total nel assets
381.756
11 Anatysl* ol net lunds
B•l•n¢• •1 31
l J•nuary 2024 C••h Ilw D•c•nb•r %)25
Calh at bank aTrJ in hand
2.174
N81 debt
382.858
Page 15