THE ROYAL SOCIETY OF CHEMISTRY
The RSC is an international charity and professional body that connects chemical scientists with each other and society as a whole. We develop and celebrate professional capabilities. We publish new research, bring people together to spark new ideas and partnerships, and support teachers to inspire future generations. We speak up to influence the people making decisions that affect us all.
Financial health, per its FY2024 accounts
The accounts state that the charity finished the year in a financially sound position, although it reported a net operating deficit of £14.2m offset by financial investment gains of £7.3m. The trustees note that free reserves temporarily fell below the target range and plan to address this deficit by 2028, while maintaining a strong overall financial position with ample reserves available.
What the accounts disclose
“The total number of employees earning more than £60k in 2024 was 211 (2023: 175)” — page 69
“The majority of our income, or 84.0% (2023: 85.4%) of the total for the year, came from our publishing revenue of £61.6m”
“Free reserves temporarily fell below our target range of £24.1m and we plan to address this deficit in line with our reserves policy by 2028.” — page 44
“The FRS 102 valuation (accounting valuation) of the deficit on the Defined Benefit Pension Scheme was £6.1m at the end of 2024 (2023: £9.9m).”
“The RSC has two wholly owned UK registered subsidiaries, Chemistry Limited and RSC Worldwide Limited.”
Year-over-year changes
- Employees paid over £60,000: 175 (FY2023) → 211 (FY2024).
- Reserves position vs the charity's own policy moved from "within" (FY2023) to "below" (FY2024).
Corporate structure
- Trading subsidiary: CHEMISTRY LIMITED Companies House 03801760
- Trading subsidiary: RSC WORLDWIDE LIMITED Companies House 06702733
- Registered company of the charity Companies House RC000524
- Turnover: £6.7m
- Profit before tax: £1.0m
- Donated/gift-aided to the charity: £939k
“All profits will be distributed to The Royal Society of Chemistry in the form of a gift aid payment.”
- Turnover: £966k
- Profit before tax: £223k
- Donated/gift-aided to the charity: £204k
- Amounts owed by group undertakings: £1,272,005
“All taxable profits will be distributed to the Royal Society of Chemistry in the form of a gift aid payment.”
Funders the charity credits
- London Schools Excellence Fund
- National Science Academy
- Royal Society
- Science Foundation Ireland
- Wilkinson Charitable Trust
- Wolfson Foundation
Property (HM Land Registry)
Electoral Commission register entries
- Non Cash: Steve Yemm — £4k
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (04/03/2020)
Trustees
- Dr Alexander W F Reip BSc MSc CChem FRSC FIMMM
- Dr Amanda Cooke FRSC
- Dr Annette Doherty OBE FRSC
- Dr Ida Marcia Philbin BSc CChem FRSC FAPM Hons DSC
- Dr Jenny Boxwell CSci CChem FRSC
- Dr Rehana Sidat BSc CSci CChem FRSC
- Dr Stephen J Byard BSc CSci CChem FRSC
- Jonathan Christopher Oxley BSc MBA CChem FRSC CMgr FCMI
- Professor David M Smith BA PhD CChem FRSC
- Professor Edwin C Constable MA DPhil CChem FRSC
- Professor Elise Cartmell BSc DIC PhD CChem FRSC FRSE
- Professor Jeremy Graham Frey MA DPhil CChem FRSC
- Professor Jeremy Shears BSc PhD FRSC
- Professor Magdalena Titirici FRSC
- Professor Robert Mokaya OBE FRSC
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £73.4m | £87.5m |
| 31/12/2023 | £70.9m | £85.1m |
| 31/12/2022 | £66.0m | £72.1m |
| 31/12/2021 | £63.7m | £64.5m |
| 31/12/2020 | £64.8m | £64.3m |
Common questions
Is THE ROYAL SOCIETY OF CHEMISTRY financially healthy?
Per its FY2024 accounts: The accounts state that the charity finished the year in a financially sound position, although it reported a net operating deficit of £14.2m offset by financial investment gains of £7.3m. The trustees note that free reserves temporarily fell below the target range and plan to address this deficit by 2028, while maintaining a strong overall financial position with ample reserves available. Its FY2024 accounts were audited by Grant Thornton UK LLP.
Who funds THE ROYAL SOCIETY OF CHEMISTRY?
Funders whose own accounts filings name THE ROYAL SOCIETY OF CHEMISTRY as a grant recipient include THE SPECTRIS FOUNDATION, ROYAL COMMISSION FOR THE EXHIBITION OF 1851, THE HORNERS CHARITY FUND.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE SPECTRIS FOUNDATION | FY2022 | £65k | Support Chemistry for Science Teachers project in the UK |
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | FY2021 | £15k | Steps into Science |
| THE HORNERS CHARITY FUND | FY2022 | £5k | Educational Funds |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JULIA RAUSING TRUST | 1 | £1.4m |
| THE SINO-BRITISH FELLOWSHIP TRUST | 1 | £231k |
| KUSUMA TRUST UK | 1 | £195k |
| THE CHARTERED INSTITUTE OF MARKETING CHARITABLE TRUST | 1 | £192k |
| THE JOHN S COHEN FOUNDATION | 1 | £18k |
| THE BIOCHEMICAL SOCIETY | 1 | £18k |
| THE ROSE FOUNDATION | 1 | £17k |
| DEVELOPMENTS IN LITERACY UK (UK) | 1 | £10k |
Charities like this
- THE ROYAL SOCIETY OF BIOLOGY
- SOCIETY OF CHEMICAL INDUSTRY
- RSA (THE ROYAL SOCIETY FOR THE ENCOURAGEMENT OF ARTS, MANUFACTURES AND COMMERCE)
- ROYAL STATISTICAL SOCIETY
- ROYAL MICROSCOPICAL SOCIETY
- THE ROYAL SOCIETY OF LONDON FOR IMPROVING NATURAL KNOWLEDGE (COMMONLY KNOWN AS THE ROYAL SOCIETY)
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROYAL SOCIETY OF CHEMISTRY | £73.4m | — | 211 | below | — | no doubt |
| THE ROYAL SOCIETY OF BIOLOGY | £3.2m | — | — | above | — | no doubt |
| SOCIETY OF CHEMICAL INDUSTRY | £4.4m | £150,001 - £160,000 | — | within | — | no doubt |
| RSA (THE ROYAL SOCIETY FOR THE ENCOURAGEMENT OF ARTS, MANUFACTURES AND COMMERCE) | £12.6m | — | 8 | within | — | no doubt |
| ROYAL STATISTICAL SOCIETY | £2.3m | unclear | — | unclear | — | no doubt |
| ROYAL MICROSCOPICAL SOCIETY | £1.7m | — | — | unclear | — | no doubt |