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SOCIETY OF CHEMICAL INDUSTRY

Registered charity 206883 · accounts filings on the Charity Commission register · also known as S C I

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Latest income
£4.4m
Latest spending
£4.3m
Registered
1962
Accounts read
FY2024

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

Highest-paid employee band: £150,001 - £160,000 — above the 90th percentile for charities its size (median £78k)
“Between £150,000 – £160,000” — page 35
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: One trustee received £4,762 for editorial work unrelated to trustee role. Four trustees reimbursed £3,587 for expenses.
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee remuneration for editorial work
“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
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: SCI Business Limited
“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.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 4 of 6 completeness components.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£4.4m
Total spending
£4.3m
Cost of raising funds
£279k
Reserves (reported)
£7.7m
Employees
34

Reported reserves equal ~21.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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?

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.