--- title: "Policy Exchange Limited rating & legitimacy | CharityCompare" description: "Is Policy Exchange Limited a legitimate UK charity? Clarity Score 83/100. Accounts 2024: income £4.3m · 94% on charitable activities. Reg 1096300." source: https://www.charitycompare.org.uk/charity/policy-exchange-limited retrieved: 2026-08-18T02:03:28.581Z license: "Charity data © Crown copyright, Open Government Licence v3.0" --- Quick answer ## Is Policy Exchange Limited a good charity? Policy Exchange Limited scores 83/100 (4 stars, Good) on CharityCompare's Clarity Score, calculated from its UK regulator filings. Its latest accounts year is 2024 (£4.3m total income, 94% of spending on charitable activities). This reflects financial transparency and stewardship on paper — not the real-world impact of its programmes. See the full breakdown. London · UK-wide · SW1H 9JA | Reg [1096300](https://www.charitycompare.org.uk/charity/policy-exchange-limited) | Registered charity | [Official website](https://www.policyexchange.org.uk/) | [Charity Commission register](https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/charity-details/1096300) Donate ## How can you give to POLICY EXCHANGE LIMITED? You leave CharityCompare to complete a donation on the official POLICY EXCHANGE LIMITED form. We do not process payments or take commission. Opens their official online donation form. [Donate](https://www.policyexchange.org.uk/?utm_source=charitycompare&utm_medium=referral&utm_campaign=donate&utm_content=1096300) ## What does Policy Exchange Limited do? Policy Exchange Limited is a registered charity (no. 1096300) working in education across the United Kingdom. Its latest Charity Commission filing directs 94% of spending to charitable activities, holding roughly 7 months of reserves, and files its annual accounts on time. Reported income has been growing (≈7% a year). CharityCompare's Clarity Score rates the organisation only from public Charity Commission accounts — accountability, financial health, efficiency and community support — not the quality or impact of its programmes. Summarised from public filings — Policy Exchange Limited hasn't added its own description yet. [Work here? Add it free →](https://www.charitycompare.org.uk/claim?charity=policy-exchange-limited) **In short:** POLICY EXCHANGE LIMITED scores 83 out of 100 (4 stars). 94% average program spend (3-year average). Filings are up to date with no major concerns. ## What is Policy Exchange Limited? Policy Exchange Limited has a Clarity Score of 83 out of 100 on CharityCompare (4 stars, Good). Charity Commission registration number 1096300. Status: Registered. Primary cause area: Education. Latest accounts year 2024: total income £4.3m, with 94% of expenditure on charitable activities. Accounts filing: up to date. Reserves: approximately 7 months of operating costs. No major red flags from our filing review. Scores are independent and based on official filings — not a donation recommendation. Data from [Charity Commission register](https://register-of-charities.charitycommission.gov.uk/), last updated 17 July 2026. Overall score 83/100 4★ · Good Cause spend 94% 3-yr avg · charitable activities Accountability 93/100 Finance beacon Income £4.3m Latest year 2024 Reserves 7 mo Months of running costs Accounts filing On time Charity Commission £17.7 raised per £1 fundraising (3-yr avg) · 7% overhead · Website on register · Confidence: high ## How does POLICY EXCHANGE LIMITED compare? Clarity Score percentile against similar UK charities — the share of peers POLICY EXCHANGE LIMITED scores higher than. Income band (£1m–£5m)62ndpercentile **Scores higher than 62% of 2,776 charities in its income band** · 83/100 vs 78 peer average (marker). Education charities70thpercentile **Scores higher than 70% of 579 charities in this cause** · 83/100 vs 74 peer average (marker). ## How reliable is Policy Exchange Limited's data? Source Charity Commission (England & Wales) Accounts year 2024 Filing date 24 June 2026 Profile reviewed 17 July 2026 High confidence — complete filing data Scores reflect the latest annual accounts on the register. Clarity Score measures how clearly the charity accounts for money in those filings — not programme impact. Contains public sector information licensed under the Open Government Licence v3.0. Sources: [Charity Commission for England and Wales](https://register-of-charities.charitycommission.gov.uk/), [Office of the Scottish Charity Regulator](https://www.oscr.org.uk/) and [Charity Commission for Northern Ireland](https://www.charitycommissionni.org.uk/). [Open Government Licence v3.0](https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/). ## What is Policy Exchange Limited's Beacon report? Detailed accountability and finance metrics from UK regulator filings — structured for transparency in our four-beacon report. ### Accountability & Transparency Baseline trust from filing discipline, board oversight, and declared governance policies. 93/100 | Metric | Score | Value | | --- | --- | --- | | Filing history (5 years) 100% on-time over five years = 15 pts · one late filing = 5 pts · two or more = 0 pts. | 100% | 15/15 pts | | Trustee oversight Three or more trustees on the register = 15 pts, scaled down for fewer (governance red flag below three). | 100% | 12 trustees · 15/15 pts | | Declared policies Safeguarding (4) · conflict of interest (3) · volunteer management (3) — from Charity Commission annual return. | 70% | 7/10 pts | ### Financial Health Stability and solvency — reserves, revenue trend, and debt from Charity Commission accounts. 87/100 | Metric | Score | Value | | --- | --- | --- | | Reserves (months of cash) 3–24 months = full marks, tapering on both sides · 0 months or 4+ years (hoarding) = 0 pts. | 100% | 7 months · 15/15 pts | | Income stability / growth +20% or more over the window = 10 pts · flat = 5 pts · −20% or worse = 0 pts, scaled between. | 70% | 7/10 pts · 3-year average | | Liabilities to assets 0% liabilities-to-assets = 5 pts, scaling down to 0 pts at 60%+ debt. | 80% | 14% · 4/5 pts | ### Financial Efficiency How efficiently funds reach the cause — program spend and fundraising cost ratios. 100/100 | Metric | Score | Value | | --- | --- | --- | | Program expense ratio 90%+ on charitable activities = full marks, scaling down to 0 pts at 50% or below. | 100% | 94% · 10/10 pts (3-year average) | | Fundraising efficiency ≤10p to raise £1 = full marks, scaling down to 0 pts at 40p or above (fundraising cost ÷ income). | 100% | 6p per £1 income · 10/10 pts (3-year average) | ### Community Support Grassroots backing from Charity Commission workforce data — volunteers vs paid staff. 0/100 | Metric | Score | Value | | --- | --- | --- | | Volunteer-to-staff ratio Volunteers at 2x staff or more = full marks · no volunteers = 0 pts, scaled between. | 0% | Not reported · 0/10 pts | [How we calculate beacon scores →](https://www.charitycompare.org.uk/methodology) ## What is Policy Exchange Limited's Clarity Score? 83/100 total · Good · 4 of 5 stars Four pillars (40 + 30 + 20 + 10 points) from Charity Commission filings — see methodology for full weightings. 93/100 Accountability & Transparency 87/100 Financial Health 100/100 Financial Efficiency 0/100 Community Support ### Accountability & Transparency Baseline trust from filing discipline, board oversight, and declared governance policies. 93/100 Filing history (5 years)15/15 pts Trustee oversight12 trustees · 15/15 pts Declared policies7/10 pts ### Financial Health Stability and solvency — reserves, revenue trend, and debt from Charity Commission accounts. 87/100 Reserves (months of cash)7 months · 15/15 pts Income stability / growth7/10 pts · 3-year average Liabilities to assets14% · 4/5 pts ### Financial Efficiency How efficiently funds reach the cause — program spend and fundraising cost ratios. 100/100 Program expense ratio94% · 10/10 pts (3-year average) Fundraising efficiency6p per £1 income · 10/10 pts (3-year average) ### Community Support Grassroots backing from Charity Commission workforce data — volunteers vs paid staff. 0/100 Volunteer-to-staff ratioNot reported · 0/10 pts ## How much does Policy Exchange Limited raise and spend? Latest filed year 2024 · Source: Charity Commission filings | Category | Amount | % of spend | | --- | --- | --- | | Total income | £4.3m | — | | Total expenditure | £4.0m | — | | Charitable activities | £3.7m | 94% | | Fundraising | £220k | 6% | | Governance & admin | £34k | 1% | 94%On charitable activities ## Where does the money go? Latest accounts (2024) · £4.0m spent - Charitable activities94% · £3.7m - Fundraising6% · £220k - Governance1% · £34k ## What trust indicators does Policy Exchange Limited have? Pulled from the Charity Commission register — filing behaviour, board size, and workforce where reported. - ✓ Accounts filed on time up to date · last filing 24 June 2026 - ✓ Trustee board size (3–12) 12 trustees on the Charity Commission register Fundraising Regulator Status not yet checked Separate from our financial scores — shows whether the charity follows the Code of Fundraising Practice. [Check Fundraising Regulator →](https://www.fundraisingregulator.org.uk/members/) Official register Reg 1096300 Full trustee list, accounts, and regulatory history on the Charity Commission. [View on Charity Commission →](https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/charity-details/1096300) ### Trustees & officers - LORD ANDREW ROBERTS OF BELGRAVIA since 2014 - Professor Greta Jones since 2015 - LORD FELDMAN OF ELSTREE since 2017 - THE HON ALEXANDER DOWNER AC Chair · since 2018 - DAME PATRICIA HODGSON since 2018 - WILLIAM SALOMON since 2020 - SIR DAVID ORD since 2020 - SIR DAVID HARDING since 2020 - LORD SIMON WOLFSON OF ASPLEY GUISE since 2020 - DANIEL POSEN since 2023 - LORD KARAN BILIMORIA since 2022 - Ommasalma Shah since 2025 100 How we score charities +The Clarity Score is a 100-point rating from UK regulator filings (Charity Commission for England and Wales, OSCR and CCNI). Four pillars — Accountability & Transparency (40), Financial Health (30), Financial Efficiency (20), and Community Support (10) — each scored on a continuous scale, not pass/fail cutoffs. A statutory inquiry sets the score to 0 automatically. [Full methodology →](https://www.charitycompare.org.uk/methodology) Accountability & Transparency Scored from filings 40 points — filing history (15), trustee oversight (15, scaling up to a board of three or more), declared policies (10). Financial Health Scored from filings 30 points — reserves (15, full marks 3–24 months, tapering on both sides), income stability (10), liabilities to assets (5, scaling down as debt rises). Financial Efficiency Scored from filings 20 points — program expense ratio and fundraising cost, each on a graduated scale (not a single cutoff). Kept at 20% of the total: financial-ratio scoring alone is not a reliable effectiveness signal (see "why not just an overhead ratio?" below). Community Support Scored from filings 10 points — volunteer-to-staff ratio from Charity Commission workforce data, scaling continuously up to a 2:1 ratio. Overall score Sum of all pillar points. Display stars use the same bands as the labels: 90–100 → 5★ Exceptional; 75–89 → 4★ Good; 60–74 → 3★ Needs improvement; 1–59 → 2★ Poor; 0 → not rated. ## How have Policy Exchange Limited's finances changed over five years? - Income - Spending - Cause spend Values in £ thousands · Cause spend plotted only when the filing discloses a split · Source: Charity Commission accounts ## What are the key facts about Policy Exchange Limited? Overall score 83/100 (4★) Income £4.3m Cause spend 94% of expenditure Reg number 1096300 Scope UK-wide Reserves 7 months Trustees 12 Accounts year 2024 Filing up to date ## How does POLICY EXCHANGE LIMITED compare, and where else can you look? [Compare POLICY EXCHANGE LIMITED with others](https://www.charitycompare.org.uk/compare-charities?ids=policy-exchange-limited) [More education charities](https://www.charitycompare.org.uk/browse/education) [How we score charities](https://www.charitycompare.org.uk/methodology) ### Where POLICY EXCHANGE LIMITED sits The causes this charity is classified under, and other charities working nearby. - [education charities](https://www.charitycompare.org.uk/browse/education) - [Charities in London](https://www.charitycompare.org.uk/cities/london) - [education charities in London](https://www.charitycompare.org.uk/browse/education/london) ### Similar education charities Top-rated peers by CharityCompare score - [CHAPTER ONE (U.K.) LTD](https://www.charitycompare.org.uk/charity/chapter-one-u-k-ltd) 100/100 · £1.8m - [SCHOOL IN A BAG](https://www.charitycompare.org.uk/charity/school-in-a-bag) 100/100 · £600k - [THE BEN KINSELLA TRUST](https://www.charitycompare.org.uk/charity/the-ben-kinsella-trust) 100/100 · £596k - [EALING AND HOUNSLOW COMMUNITY VOLUNTARY SERVICE](https://www.charitycompare.org.uk/charity/ealing-and-hounslow-community-voluntary-service) 99/100 · £953k ## How can you share Policy Exchange Limited's rating? 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Free to use — a lightweight HTML badge or an embeddable score widget, each linking back to this independent profile and our [methodology](https://www.charitycompare.org.uk/methodology). BadgeScore widget [♥ CharityCompare Clarity Score 83/100 ★★★★★](https://www.charitycompare.org.uk/charity/policy-exchange-limited) Lightweight HTML badge (no iframe) — paste anywhere ♥ CharityCompare Clarity Score 83/100 ★★★★★ Copy code ## Frequently asked questions Common questions about Policy Exchange Limited's rating, finances, and Charity Commission status. Is Policy Exchange Limited a good charity? + Policy Exchange Limited scores 83 out of 100 (4 stars — Good) on CharityCompare's Clarity Score, our independent read of its UK regulator filings. Around 94% of its spending goes to charitable activities and its accounts are up to date. That reflects how transparent and financially healthy it looks on paper — it does not measure the real-world impact of its work, so treat it as one factor alongside the cause you care about. CharityCompare never tells you where to donate. Is Policy Exchange Limited a legitimate charity? + Yes — Policy Exchange Limited is a legitimate registered charity (charity number 1096300). Verify it on the official register: https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/charity-details/1096300. Registration proves status; Clarity Score then summarises filing transparency on paper, not programme impact. What is Policy Exchange Limited's charity number? + Policy Exchange Limited's charity number is 1096300. Check that number on the official register (Charity Commission, OSCR or CCNI) or this CharityCompare profile before you donate — scammers sometimes reuse real numbers on fake appeals. What is Policy Exchange Limited's charity rating? + Policy Exchange Limited scores 83 out of 100 on CharityCompare (4 stars — Good). The Clarity Score V1 sums four pillars from UK regulator filings: Accountability & Transparency (40 pts), Financial Health (30), Financial Efficiency (20), and Community Support (10). Stars use the same bands as those labels — 90+ is 5★ Exceptional. It is not an impact ranking. Does Policy Exchange Limited have reviews and complaints? + CharityCompare does not host public user reviews for Policy Exchange Limited. Instead you get a filing-based Clarity Score, cause spend, reserves and red flags such as late accounts. For formal complaints about a charity, contact the Charity Commission, OSCR, CCNI or the Fundraising Regulator as appropriate. How much of my donation reaches Policy Exchange Limited? + According to its 2024 regulator filing, 94% of Policy Exchange Limited's total spending went to charitable activities (3-yr avg across disclosed years). That is the closest official figure to "how much of your donation reaches the cause" — it is an average across all spending in the filing, not a pound-by-pound breakdown of an individual gift. What are Policy Exchange Limited's overheads? + According to its 2024 regulator filing, fundraising costs were about 6% of total expenditure and combined overheads (fundraising plus governance) were about 7% of total expenditure at Policy Exchange Limited. The filings CharityCompare uses do not publish CEO or senior-staff pay, so we cannot say what Policy Exchange Limited's chief executive is paid — where disclosure rules apply, senior pay appears in the trustees' annual report on the Charity Commission register. How much income does Policy Exchange Limited receive? + Policy Exchange Limited reported £4.3m total income in its 2024 accounts, based on UK regulator filings. Five-year trend: growing. Are Policy Exchange Limited's accounts up to date? + Filing status: up to date (last filing 2026-06-24). CharityCompare flags late or missing accounts separately from the financial score. Where is Policy Exchange Limited based? + Policy Exchange Limited is listed at London · UK-wide · SW1H 9JA and operates UK-wide, focused on education. How does CharityCompare score Policy Exchange Limited? + We calculate a Clarity Score of 0–100 from four pillars in Policy Exchange Limited's regulator filings: Accountability & Transparency (40 points — filing history, trustees, policies), Financial Health (30 — reserves, income trend, debt), Financial Efficiency (20 — cause spend and fundraising cost, on a graduated scale) and Community Support (10 — volunteer-to-staff ratio). An open statutory inquiry scores 0. The score measures reporting on paper, not programme impact. CharityCompare is free for donors, takes no commission on donations, and scores cannot be bought. How often is this page updated? + This profile was last updated on 17 July 2026 from the latest UK regulator data available to CharityCompare, and Policy Exchange Limited's most recent accounts cover 2024. Scores and figures refresh whenever we re-ingest the register, so the page reflects our latest data pull rather than a one-off review.