SOCIETY OF CHEMICAL INDUSTRY
SCI aims to advance the science of applied chemistry sciences for the public good by: furthering the application of scientific discoveries to the products and processes of industry; providing a forum in which discussions on the opportunities and issues of industry can take place, and publishing journals and books; granting medals, scholarships and other awards; all such other charitable means.
Financial health, per its FY2024 accounts
The accounts state that total income increased to £4,384k from £3,840k in the prior year, driven largely by growth in publications and membership. The charity reported a net income before investment gains of £123k and held free reserves of £7.707m, which the trustees confirmed was within their approved policy range of £5.0m to £8.4m.
What the accounts disclose
“Between £150,000 – £160,000” — page 35
“publications £2,567k” — page 14
“During the year, one trustee (2023 – none) received £4,762 in remuneration for editorial work on one of the Society’s learned journals. These services were provided in a capacity entirely unrelated to their role as a trustee and were made on normal commercial terms. No trustee received remuneration for services as a trustee.. Four trustees were reimbursed a total of £3,587 in expenses (2023 – five were reimbursed £5,713) for travel and meeting costs, with a further £6,394 (2023 – £7,469) incurred directly by the Society.” — page 42
“During the year, one trustee (2023 – none) received £4,762 in remuneration for editorial work on one of the Society’s learned journals. These services were provided in a capacity entirely unrelated to their role as a trustee and were made on normal commercial terms. No trustee received remuneration for services as a trustee.. Four trustees were reimbursed a total of £3,587 in expenses (2023 – five were reimbursed £5,713) for travel and meeting costs, with a further £6,394 (2023 – £7,469) incurred directly by the Society. All of the trustees are members of the Society and as such, pay an annual membership subscription. The trustees do not benefit from any discounts in the subscription rates set by the Society for all other members.” — page 42
“SCI owns and controls a wholly owned subsidiary company, SCI Business Limited (Company Registration Number 02994541). It undertakes trading activities, which are ancillary to, but not part of, SCI’s core activities, and donates the annual profits to SCI in the form of a Gift Aid donation.”
Corporate structure
- Trading subsidiary: SCI BUSINESS LIMITED Companies House 02994541
- Equity: £100
- Turnover: £113k
- Profit before tax: £44k
Leadership, per the charity’s website
- Sharon Todd OBE — Chief Executive Officer
- The Rt Hon Greg Clark — Chair, Board of Trustees
- Paul Drechsler CBE — President
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Ana Perroni Laloe
- Dr BEN ALSTON
- Dr DAVE ALLEN
- Dr ELIZABETH ROWSELL
- Dr GEOFFREY FOWLER
- Dr George Okafo
- Dr JONATHAN HAGUE
- Dr Jacqueline Sheridan
- Dr Jeremy Parker
- Dr KEVIN MATTHEWS
- Dr NEAL FAZAKERLEY
- Dr Sharali Malik
- Dr Victor Christou
- Greg Clark Rt Hon
- PHIL RUXTON
- Professor Andrew Waterhouse
- Professor Joseph Sweeney
- Simon Curtis
- Thomas Birk
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.4m | £4.3m |
| 31/12/2023 | £3.8m | £3.9m |
| 31/12/2022 | £2.9m | £3.2m |
| 31/12/2021 | £2.6m | £3.0m |
| 31/12/2020 | £2.9m | £3.1m |
Common questions
Is SOCIETY OF CHEMICAL INDUSTRY financially healthy?
Per its FY2024 accounts: The accounts state that total income increased to £4,384k from £3,840k in the prior year, driven largely by growth in publications and membership. The charity reported a net income before investment gains of £123k and held free reserves of £7.707m, which the trustees confirmed was within their approved policy range of £5.0m to £8.4m. Its FY2024 accounts were audited by Buzzacott Audit LLP.
What does the highest-paid employee of SOCIETY OF CHEMICAL INDUSTRY earn?
Per its FY2024 accounts, the highest-paid employee was in the £150,001 - £160,000 band.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 01/04/2022 | £5k | Flue2Chem - Building a UK value chain in converting industrial waste gases into sustainable materials for consumer products. |
| UK government | 16/12/2021 | £76k | Flue2Chem - Building a UK value chain in converting industrial waste gases into sustainable materials for consumer products. |
| UK government | 16/12/2021 | £73k | Flue2Chem - Building a UK value chain in converting industrial waste gases into sustainable materials for consumer products. |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KUSUMA TRUST UK | 1 | £195k |
| NESTA | 1 | £80k |
| THE SPECTRIS FOUNDATION | 1 | £65k |
| THE ROSE FOUNDATION | 1 | £17k |
| THE RAYNE FOUNDATION | 1 | £16k |
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | 1 | £15k |
| THE HORNERS CHARITY FUND | 1 | £5k |
Charities like this
- THE INSTITUTION OF CHEMICAL ENGINEERS
- THE ROYAL SOCIETY OF CHEMISTRY
- THE INTERNATIONAL SOCIETY OF ANTIMICROBIAL CHEMOTHERAPY
- SOCIAL CARE INSTITUTE FOR EXCELLENCE
- CAMBRIDGE PHILOSOPHICAL SOCIETY
- The Society for Cardiac Science and Technology LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOCIETY OF CHEMICAL INDUSTRY | £4.4m | £150,001 - £160,000 | — | within | — | no doubt |
| THE INSTITUTION OF CHEMICAL ENGINEERS | £10.6m | — | — | unclear | — | no doubt |
| THE ROYAL SOCIETY OF CHEMISTRY | £73.4m | — | 211 | below | — | no doubt |
| THE INTERNATIONAL SOCIETY OF ANTIMICROBIAL CHEMOTHERAPY | £335k | — | 0 | unclear | — | no doubt |
| SOCIAL CARE INSTITUTE FOR EXCELLENCE | £6.2m | — | — | above | — | no doubt |
| CAMBRIDGE PHILOSOPHICAL SOCIETY | £988k | — | 0 | unclear | — | no doubt |