2025-03-31-accounts

Report and financial statements

Year ended 31 March 2025

Charity Registration Number: SC051809

The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Contents

Report of the trustees	Report of the trustees	Report of the trustees	3 - 9
		report	10
Statement of financial activities			11
Balance sheet			12
Notes to the financial statements			13-18

2

The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Report of the trustees

The trustees present their report together with the financial statements for the year ended 31 March 2025. Comparative amounts are for the period 1 July 2023 to 31 March 2024 (being the new year end date as agreed with OSCR).

Members of the Board are its trustees for the purpose of charity law and throughout this report are collectively referred to as the members. The members serving during the year and since the year end are detailed on page 8.

OBJECTIVES

The charitable purposes of The Scottish Policy and Research Exchange (SPRE) are set out in our Constitution. The objects are:

• The advancement of science and research through encouraging its greater use in public policymaking;

• The advancement of education by improving policy outcomes and community wellbeing more generally as a result of linking policymaking and policy processes more closely to research evidence; The advancement of citizenship by encouraging researchers to engage more fully with policymaking processes; and

• The encouragement of equality and diversity by supporting new voices from research to engage with policy.

The activities that SPRE undertakes in relation to these objectives are:

• Developing and delivering learning events, resources and providing other support including:

• Bespoke and general training talks, workshops and retreats.

• Facilitated peer-to-peer learning workshops and a community of practice.

• Providing mentorship and strategic advice.

• Digital resources and tools.

• Participation in Committees and Advisory Boards.

• Co-creating and disseminating opportunities to engage, including:

• Collating and disseminating formal inquiries from UK and devolved governments and parliaments to a network of researchers and knowledge mobilisers.

• Working with Scottish policymaking institutions to put out calls for experts to networks of researchers and knowledge mobilisers.

• Collaborating with policy organisations and relevant networks to design and deliver research-policy engagement events and projects.

• Develop, maintain and support networks and relationships including: o Creating and managing a network for researchers, knowledge mobilisers and other professionals interested in policy engagement.

• Working with other organisations and networks who have a similar aim to strengthen the knowledge mobilisation ecosystem in Scotland.

• Co-Leading the Scottish work of the Local Area Research and Intelligence Association (LARIA).

• Building strategic relationships with Scottish Government, Scottish Parliament, Scottish Local Government networks and intermediary organisations, and UK-wide research-policy and other knowledge mobilisation networks and organisations.

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The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Report of the trustees

• Innovating knowledge mobilisation practice, including:

• Investing in internal learning and development to ensure research on research-policy engagement and knowledge mobilisation is applied to our own practice.

• Leading on knowledge mobilisation work for impact-oriented research programmes, developing and applying new frameworks and practices.

• Engaging with peers and consultants around how to advance equity and complexity-aware learning within practices.

ACHIEVEMENTS AND PERFORMANCE

communities in Scotland. Research on research-policy engagement is clear that ethical, equitable and effective engagement requires relational and systemic approaches. The activities and achievements listed above demonstrate some of the ways in which SPRE has applied this core insight to make a difference for these beneficiaries.

Summary of achievements:

• SPRE expanded its offer this year to include a series of flagship events, training workshops and a new offering:

• Unlocking Research-Policy Opportunities with Scotland's Cities in October 2024 and

• Action Learning Sets: Three cohorts met six times between August 2024-January 2025 for a total of 18 hours of peer-learning.

• A greater focus on learning and capacity building with all partners to support the development of knowledge and skills for policy engagement and impact.

• SPRE also expanded its consultancy offer and delivered project-specific support to six organisations initiatives, including:

• REAL Supply project

• Bioclocks delivery of three workshops: introduction to policy engagement (delivered twice to two different cohorts), and a theory of change workshop.

• Biofilms delivery of a workshop and self-guided activity to provide an introduction to policy engagement.

• Impact Accelerator Accounts for The University of St Andrews delivery of the first phase of a 18-month training programme for Early Career Researchers (BBSRC cohort) & delivery of the first phase of a 18-month training programme for Impact Leaders (EPSRC cohort).

• iTPA delivery of a half-day workshop on knowledge mobilisation.

• Social Action Inquiry Scotland Support to develop final outputs and plan a learning event.

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The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Report of the trustees

ACHIEVEMENTS AND PERFORMANCE (continued)

• SPRE continues to tailor its offer to the specific needs of partners in the Higher Education Sector. SPRE delivered 12 bespoke training workshops, for 9 different universities. Topics included:

• Introduction to Policy Engagement

• Relational approaches to policy engagement

• Identifying your own policy impact pathways

• Embedding policy impact into research

• Evidencing and learning from policy impact

• Knowledge mobilisation in practice

• Critical Policy Analysis

• Policy Engagement Masterclass

• SPRE continues to provide thought leadership on knowledge mobilisation, the combination of different kinds of knowledge to make meaningful social change, and the demonstration of impact for engagement and knowledge mobilisation activities, including:

• Invited presentation on Regional Studies Association Winter Conference

• Invited presentation on SIPHER project

• SPRE continues to provide support for other organisations and networks including:

• Advisory Group for Community Knowledge Matters through Science Ceilidh

• Advisory Group for The Binks Hub at The University of Edinburgh

• o Equality Diversity and Inclusion Subcommittee for UPEN

REACH

• Weekly Brokerage newsletter: 625 people engaged every week across all Scottish HEIs

• Three policy networking events: 400 people through policy and networking events from across academia, third sector and policy communities in The Scottish Government and local government. Four open-access training events involved 8 hours of training and reached 120 people working in academic, third sector and community research settings.

• Three Action Learning Sets involved 18 hours of peer-learning over 6 months and engaged 16 people from across HEIs and The Scottish Government.

• 12 university-specific training workshops: 120 people engaged across 9 of Scotland's HEIs.

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The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Report of the trustees

ACHIEVEMENTS AND PERFORMANCE (continued)

OUTCOMES FOR THE RESEARCH AND POLICY COMMUNITIES IN SCOTLAND

• Created more opportunities for engagement by disseminating opportunities for academics to engage with policy professionals.

• Improved the quality of policy engagement activities by academics through the provision of training and bespoke support.

• Supported peer-to-peer learning and networking amongst a diverse range of knowledge holders and policy actors through our events.

• Modelled a greater diversity the range of expert voices and forms of evidence that inform policy in Scotland through the design and delivery of SPRE events, including the diversity of speakers. relationships in Scotland in order to strengthen

• the SPRE offer to research and policy communities.

• Demonstrated advances in equity and effectiveness in research-policy engagement practice by coleading innovative work and applying evidence from diverse fields of research.

In these ways, SPRE contributes to improved engagement activities, and greater evidence-use within Scottish public policy. We make these contributions to support just and sustainable outcomes for people in Scotland.

6

The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Report of the trustees

FINANCIAL REVIEW

Total income for the year ended 31 March 2025 was £152,600 (2024: £69,253). £137,600 (2024: £54,253) of income received during the year was unrestricted and £15,000 (2024: £15,000) was restricted. Total expenditure for the year was £132,032 (2024: £78,729). £117,032 (2024: £63,729) of expenditure received during the year was unrestricted and £15,000 (2024: £15,000) was restricted. The charity had a surplus for the year of £20,568 (2024: deficit £9,476).

Reserves policy

126,623 (2024: £106,055) at the balance sheet date. At 31

March 2025, the charity holds unrestricted general funds of £126,623 (2024: £106,055) reserves were £126,623 at 31 March 2025.

funds for urgent interventions as an organisation, funds to cover fluctuating income, and the remaining balance of funds. Across these types of reserves, SPRE aims to hold:

• T -Director salaries (£25,983) plus an additional £9,000 for wind-down or other emergency costs. ne third of the projected income for the current

• financial year 2025/26 is £59,245.

• The remaining free reserves to be held in SPRE accounts, as a further cash-flow buffer and/or being re-invested in the development of SPRE.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Scottish Policy and Research Exchange is a Scottish Charitable Incorporated Organisation, number SC051809, registered in June 2022 and is governed by its Constitution.

Appointment and training of Trustees

(Chair) formally stepped down on 7[th] April 2025 after a period of unavoidable absence from 7[th] February 2025. stepped in as Interim Chair on March 3[rd] , which was confirmed at SPRE Board Meeting on March 7[th] 2025. joined as Interim Co-Chair on 1[st] August 2025. , Treasurer, stepped down on March 31[st] 2025. An Interim Treasurer, , was appointed on 1[st] August 2025.

Trustees approved a plan to recruit new members to the SPRE Board at the Board Meeting on 7[th] November 2024. The recruitment was live from 14[th] February 28[th] March 2025. Four new Trustees were appointed on 5[th] May 2025. The minimum number of Trustees is 3 and maximum number is 15. The board may at any time appoint any person to be a charity trustee - by way of a resolution passed by majority vote at a board meeting. At each AGM, all of the charity trustees elected/appointed shall retire from office but shall then be eligible for re-election. A person who has served on the board for a period of 3 years shall automatically vacate office on expiry of that 3-year period and shall then not be eligible for reelection until a further year has elapsed. Trustees attended a 2-hour Finance Training with Stripe Accountants in February 2025.

7

The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Report of the trustees

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Name: The Scottish Policy and Research Exchange

Name the charity is known by: The Scottish Policy and Research Exchange

Charity registration number : SC051809

Company Registration Number: CS005790(SCIO)

Registered and principle office: The Melting Pot 15 Calton Road Edinburgh EH8 8DL

Trustees

Key Management Personnel

Independent Examiner Chartered Accountant, FCA Stripe Accountants Ltd 5 South Charlotte Street Edinburgh EH2 4AN

8

The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Report of the trustees

accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which show a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing the financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the applicable Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the board on 2025 and signed on its behalf by:

Co-Chairs

9

INDEPENDENT EXAMINER'S REPORT ON THE UNAUDITED ACCOUNTS OF THE SCOTTISH POLICY AI¥D RESEARCH EXCHANGE I rq)ort on rhe accounts of the clwity fot the rear ended 31 N12t& 2025 Th&ich are set out on p2ges I I to 18. Respectfive responsAbllfitfies of trustees and examfiner Thc Chatt￿s trt￿teeS are iespon5Able foi the piepxtatioll 0£ the accounts itL 2CCOf(lance witb the tertns of the Chatitie5 allaTn￿ree InvesttE￿It (Scod2tLd) Act 2(M)i and tELe CEL2tities Actoullts (Scotlaud) Regulations 2006 (as amended). The clwitr tntsttts considet that the st￿lt requiremellt of ReguJAtion 10(1) (a) to (c) of rhe 2006 Accounts Regulations does not appfv. It is mr responsibility to vAamitie the Accounts as required under section 44(1) (c) of tbe Act 2lld to state Ta&ethei parricular matters hair come to m!" attentio Basis of independent examiner's statement I}. eXAMi￿tion is catried out in Accordance Re￿tion I l of the 21knS Accounts Re£u12ti0ns. An eXatnit￿tt0n indudes a ievieTh of the 2ccountitig recotds Lept by the cl)xritl" gnd a comparison of tile accounts presented wid] those iecoids. It also indudes Consid￿a￿On of any unusual items oi disdosures in the accounts. and seeLs explanations from the tn￿tte$ conceming anr such mattets. The ProCed￿eS undertaLen do not proiTide all the ￿rydenCe tbat Tr￿Uld be Iequired in an audiE and consequendy I do not express an audit oplrtion on the iryeTh' giren by the accoullts. Independent examiner's statement In dje CO￿$C of mr ex2minatio4 no matter has come to mr atrention Oth￿ tbxn that disdosed below . ￿hich giires me reasollable cause to beliere that in anv materi91 respect die re￿1￿[ements. • to keep accountmg records in accordance with Section 44(1} (a) of the 2(K)5 Act and Regulation 4 of die 2(K)6 Accounts Regulations • to ptewe accounts which accord with the accouttting recotds and comply with Regulation 8 OF die 2W6 AccouA]ts liegulatiolls have not been mel 01 2. to ￿4]Ich, All my opinio4 atrelltion should be drawn in oidet to enable a pIoper undeIstandillg of the accouLlts to bc IvAclicd. CII2L1eied _4ccoiuit2Xlf Srtipc Accouniauis Ltd Ediuburgh 15 Decerrt>ei 2025 io

The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Statement of financial activities

				Year ended	Period 1 July	Period 1 July
		Unrestricted	Restricted	31 March	2023 to	31
		funds	funds	2025	March 2024
		£	£	£		£
Income from:
Donations and legacies	2	96,500	-	96,500	38,750
Charitable activities	3	40,931	15,000	55,931	30,383
Investments		169	-	169	120
		-----------------------------------------------	-----------------------------------------------	---------------------------------------------------	---------------------------------------------------
Total Income		137,600	15,000	152,600	69,253
		-----------------------------------------------	-----------------------------------------------	---------------------------------------------------	---------------------------------------------------
Expenditure on:
Charitable activities	4	(117,032)	(15,000)	(132,032)	(78,729)
		-----------------------------------------------	-----------------------------------------------	---------------------------------------------------	---------------------------------------------------
Total Expenditure		(117,032)	(15,000)	(132,032)	(78,729)
		-----------------------------------------------	-----------------------------------------------	---------------------------------------------------	---------------------------------------------------
Net income / (expenditure)		20,568	-	20,568	(9,476)
		-----------------------------------------------	-----------------------------------------------	-----------------------------------------------	-----------------------------------------------
Net movement in funds		20,568	-	20,568	(9,476)
		-----------------------------------------------	-----------------------------------------------	-----------------------------------------------	---------------------------------------------------
Reconciliations of funds:
Total funds brought forward		106,055	-	106,055	115,531
		------------------------------------------	------------------------------------------	-------------------------------------------------	-------------------------------------------------
Total funds carried forward	10,11	126,623	-	126,623	106,055
		=============================================	=============================================	=============================================-	=============================================-

The accompanying accounting policies and notes form part of these financial statements.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

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The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Balance Sheet

		2025	2024
	Note	£	£
Current assets
Debtors	8	66,283	8,983
Cash at bank and in hand		63,358	99,371
		-----------------------------------------------------	-----------------------------------------------------
		129,641	108,354
Creditors: amounts falling due within one year	9	(3,018)	(2,299)
		-------------------------------------------------------	-------------------------------------------------------
Net current assets		126,623	106,055
		-------------------------------------------------------	-------------------------------------------------------
TOTAL ASSETS LESS CURRENT LIABILITIES		126,623	106,055
		======================================================	======================================================
Funds
Unrestricted funds: General	10	126,623	106,055
Restricted funds		-	-
		------------------------------------------------------	------------------------------------------------------
Total charity funds		126,623	106,055
		======================================================	======================================================

Approved by the Board of Trustees on 2025 and signed on their behalf by:

Interim Treasurer The Scottish Policy and Research Exchange SC051809

The accompanying accounting policies and notes form part of these financial statements

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The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Notes to the financial statements

1 Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended), and follow the recommendations in the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective in October 2019) Charities SORP (FRS 102).

The Scottish Policy and Research Exchange is a Scottish Charitable Incorporated Organisation (SCIO). It is registered with the Office of the Scottish Regulator (OSCR) under charity number SC051809. The address of the registered office is given on page 8.

The charity constitutes a public benefit entity as defined by FRS 102.

The presentation currency is Pound Sterling (£).

going concern.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All costs have been directly attributed to one of the functional categories of resources expended on the SOFA. The Charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

Charitable expenditure comprises those costs incurred by the charity in delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

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The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

1 Accounting policies (continued)

Notes to the financial statements

Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

Fund accounting

Unrestricted funds are donations and other incoming resources received or generated for the objects of the charity without further specified purpose and are available as general funds. Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose they are designated as a separate fund. Such designation has an administrative purpose only and does not legally

Restricted funds are funds subject to requirements as to their use, but still within the wider objects of the authority, or be created through legal processes.

Financial Instruments

Financial instruments comprise financial assets and financial liabilities which are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS102 and are accounted for at amortised cost using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial. Financial assets comprise cash, trade debtors, other debtors and accrued income. Financial liabilities comprise bank overdraft, trade creditors, other creditors and accruals.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held with banks.

Pensions

The pension costs charged in the financial statements represent the contribution payable by the charity during the year.

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The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Notes to the financial statements

2 Donations and legacies

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Period 1 July| |funds|Restricted|Year ended 31|2023 to 31| |General funds|funds|March 2025|March 2024| |£|£|£|£| |Donations|96,500|-|96,500|38,750| |--------------------------------------------------------|--------------------------------------------------------|------------------------------------------------------|------------------------------------------------------| |96,500|-|96,500|38,750| |====================================================|====================================================|==== = ================================================|==== = ================================================|

----- End of picture text -----

Income from donations was £96,500 (2024: £38,750). £96,500 of income in the current year (2024: £38,750) was unrestricted general and £nil (2024: £nil) was restricted.

3 Income from charitable activities

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Period 1 July| |funds|Restricted|Year ended 31|2023 to 31| |General funds|funds|March 2025|March 2024| |£|£|£|£| |Contracts, grants and service level agreements| |Scottish Government|-|15,000|15,000|15,000| |Other|40,931|-|40,931|15,383| |----------------------------------------------------------|----------------------------------------------------------|-----------------------------------------------------|-----------------------------------------------------| |40,931|15,000|55,931|30,383| |=====================================================|=====================================================|===================================================|===================================================|

----- End of picture text -----

Income from charitable activities was £55,931 (2024: £30,383). £40,931 of income in the current year (2024: £15,383) was unrestricted general and £15,000 (2024: £15,000) was restricted.

4 Expenditure on charitable activities

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Year ended|Period 1 July| |funds|Restricted|31 March|2023 to 31| |General funds|funds|2025|March 2024| |£|£|£|£| |Staff Costs|85,357|15,000|100,357|56,808| |Running Costs|24,445|-|24,445|17,391| |Premises Costs|1,919|-|1,919|1,215| |Interest and finance charges|60|-|60|45| |Governance Costs| |External Scrutiny Services|865|-|865|840| |-| |Accounting Services|4,386|4,386|2,430| |-------------------------------------------------------|-------------------------------------------------------|----------------------------------------------------|----------------------------------------------------| |117,032|15,000|132,032|78,729| |======================================================|======================================================|==============================================|==============================================|

----- End of picture text -----

Expenditure on charitable activities was £132,032 (2024: £78,729). £117,032 of expenditure in the current year (2024: £63,729) was unrestricted general and £15,000 (2024: £15,000) was restricted.

Support costs have not been separately identified as the Trustees consider there is only one charitable activity. Therefore, support costs relate wholly to that activity and have not been separately identified.

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The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Notes to the financial statements

5 Net incoming resources

Net incoming resources are stated after charging:

	Year ended	Period 1 July
	31 March	2023 to 31
	2025	March 2024
	£	£
Amounts payable to Independent Examiner:
External scrutiny services	865	840
Accountancy services	4,386	2,430
	-------------------------------------------------------	------------------------------------------------------
	5,251	3,270
	======================================================	======================================================

6 Staff costs

		Period 1
	Year ended	July 2023 to
	31 March	31 March
	2025	2024
	£	£
Salaries and wages	84,600	50,740
Social security costs	4,164	3,282
Pension costs	4,688	2,786
Other employee benefits	6,905	-
	-------------------------------------------------------	-------------------------------------------------------
	100,357	56,808
	======================================================	======================================================

No staff member earned more than £60,000 (excluding employer pension costs) (2024: None).

The Charity considers its key management personnel comprise the Co-Directors. The total employment benefits (including employer pension contributions) of the key management personnel were £100,357 (2024: £56,808).

The average number of staff employed during the year was 2 (2024: 2).

The pension costs noted above relate to contributions made by the company in respect of certain employees to a defined contribution scheme. Pension costs of £4,688 (2024: £2,786) were charged to unrestricted general funds and £462 (2024: £468) was owed at the year end.

7 Trustees

There was remuneration in the current or prior period. xpenses of £302 (2024: £nil) were spent on travel costs in the year for two of the Trustees.

There were no related party transactions in the current or prior period.

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The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Notes to the financial statements

8	Debtors
				2025	2024
				£	£
	Trade debtors			44,245	-
	Prepayments and accrued income			22,038	8,983
				------------------------------------------------	------------------------------------------------
				66,283	8,983
				==============================================	==============================================
9	Creditors: amounts falling due within one		year
				2025	2024
				£	£
	Trade creditors			1,416	121
	Accruals and deferred income			1,140	1,710
	Other creditors			462	468
				------------------------------------------------	------------------------------------------------
				3,018	2,299
				================================================	================================================
	Deferred income movement
	Opening balance			600	20,000
	Deferred income due to timing of services performed			-	600
	Release of deferred income			(600)	(20,000)
				------------------------------------------------	------------------------------------------------
	Closing balance			-	600
				================================================	================================================
10	Movement in funds
		1 April	Incoming	Outgoing	At 31
		2024	resources	resources	March 2025
		£	£	£	£
	Restricted funds
	Scottish Government Grant	-	15,000	(15,000)	-
		--------------------------------------------	------------------------------------------------	------------------------------------------------	--------------------------------------------
		-	15,000	(15,000)	-
		=================================================	=================================================	=================================================	=================================================
	Unrestricted funds
	General funds	106,055	137,600	(117,032)	126,623
		--------------------------------------------	------------------------------------------------	------------------------------------------------	--------------------------------------------
	Total funds	106,055 =================================================	152,600 =================================================	(132,032) =================================================	126,623 =================================================

Restricted funds

Scottish Government grant funding in relation to improving policy outcomes and research impact through policy and research exchange in Scotland.

17

The Scottish Policy and Research Exchange Financial statements for the year ended 31 March 2025

Notes to the financial statements

10 Movement in funds (continued)

	1 July 2023	Incoming	Outgoing	At 31
		resources	resources	March 2024
	£	£	£	£
Restricted funds
Scottish Government Grant	-	15,000	(15,000)	-
	--------------------------------------------	------------------------------------------------	------------------------------------------------	--------------------------------------------
	-	15,000	(15,000)	-
	=================================================	=================================================	=================================================	=================================================
Unrestricted funds
General funds	115,531	54,253	(63,729)	106,055
	--------------------------------------------	------------------------------------------------	------------------------------------------------	--------------------------------------------
Total funds	115,531	69,253	(78,729)	106,055
	=================================================	=================================================	=================================================	=================================================

11 Analysis of net assets between funds

	Unrestricted General funds	Restricted General funds	Total
	£	£	£
Net current assets	126,623	-	126,623
	------------------------------------------------	------------------------------------------------	------------------------------------------------
Net assets at 31 March 2025	126,623	-	126,623
	=================================================	=================================================	=======================================
	Unrestricted General funds	Restricted General funds	Total
	£	£	£
Net current assets	106,055	-	106,055
	------------------------------------------------	------------------------------------------------	------------------------------------------------
Net assets at 31 March 2024	106,055	-	106,055
	=================================================	=================================================	=======================================

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