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THE INSTITUTE OF REFRIGERATION

Registered charity 1166869 · accounts filings on the Charity Commission register · also known as INSTITUTE OF REFRIGERATION

Promotion of the science, practice and technology of refrigeration for the public good.

Causes: General Charitable Purposes · Education/training · Environment/conservation/heritage · Economic/community Development/employment · Other Charitable Purposes · website · Get email alerts

Latest income
£523k
Latest spending
£511k
Registered
2016
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity remains in a strong financial position with total funds carried forward of £807,677. However, the Trustees anticipate deficits for the next 2-3 years due to investments in activities and initiatives to grow membership income. The charity holds sufficient unrestricted reserves to continue in operation for at least the next 12 months.

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

What the accounts disclose

Highest-paid employee band: £70,001 - £80,000 — in the top quarter for charities its size (median £60k)
“The number of employees whose annual remuneration was more than £60,000 is as follows: £70,000 - £80,000” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The number of employees whose annual remuneration was more than £60,000 is as follows: £70,000 - £80,000” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £363k; policy: six months of operating expenditure)
“The actual reserves held as at 31st March 2025 were £212,970 (unrestricted funds less tangible fixed assets and designated funds). However, the OR holds additional reserves that have been designated for specific areas of expenditure of £86,122, and a further £331,285 in the Presidents Fund for Education initiatives. The six months operating expenditure on which the reserves target is calculated is currently £252,531.” — page 11
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Serious incident/dispute: A dispute between the President and the Board of Trustees occurred in May 2024, leading to the President's resignation in September 2024. The Board lost confidence in his ability to continue as chair. The matter was resolved by mediation in December 2024.
“During this year a dispute between the then President and the rest of the Board of Trustees occurred in May 2024 regarding how a complaint that he had made against the incumbent President-Elect had been dealt with. The conduct of the President led the Board of Trustees to decide, with regret, that they had lost confidence in his ability to continue as chair of the |OR Board meetings. The President chose to resign in September 2024 as President and Trustee prior to the normal conclusion of his term in November.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Kingston Burrowes Audit Ltd. Discloses 6 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook

Structured financials (annual return, FY ending 31/03/2025)

Total income
£523k
Total spending
£511k
Cost of raising funds
£43k
Reserves (reported)
£213k
Employees
5

Reported reserves equal ~5.0 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (50% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 8.2% of total income — above the median for charities its size (4.9%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£523k£511k
31/03/2024£420k£452k
31/03/2023£454k£428k
31/03/2022£321k£329k
31/03/2021£309k£334k

Common questions

Is THE INSTITUTE OF REFRIGERATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity remains in a strong financial position with total funds carried forward of £807,677. However, the Trustees anticipate deficits for the next 2-3 years due to investments in activities and initiatives to grow membership income. The charity holds sufficient unrestricted reserves to continue in operation for at least the next 12 months. Its FY2025 accounts were audited by Kingston Burrowes Audit Ltd.

What does the highest-paid employee of THE INSTITUTE OF REFRIGERATION earn?

Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.