THE INSTITUTION OF CHEMICAL ENGINEERS
Promoting and advancing the science of chemical engineering in all its branches, promoting competence and a commitment to sustainable development, advancing the discipline for the benefit of society and supporting the professional development of members.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income of £1,175,000 for the year ended 31 December 2025, with unrestricted fund balances increasing to £8,989,000. Per the trustees' report, free reserves of £9,722,000 were held at year-end, which is above the stated policy target range of £6m-£8m. The trustees confirmed that these reserves are sufficient to protect the institution from serious disruption to its work.
What the accounts disclose
“Membership subscription and accreditation fees totalling £4,955,000 (2024: £4,645,000).” — page 11
“The revised target level adopted by the Trustees is that a range of between £6m-£8m is held in free reserves.” — page 13
“IChemE Ltd gift aids its operating profit to the charity and the balance of £75,000 (2024: £72,000) is included in debtors for the charity at year end.” — page 39
“The Institution has a wholly owned trading subsidiary in the UK, IChemE Ltd, established to operate the sale of advertising space in the Institution’s journals and publications.” — page 15
In the news
- Academic awarded 2026 Morton Medal by the Institution of Chemical Engineers
- Assistant Professor Jiang Zhiwei awarded the Underwood Medal from Institution of Chemical Engineers - Nanyang Technological University
- Entries Open for Institution of Chemical Engineers' 30th Global Awards
- Institution of Chemical Engineers gets new chief executive
Leadership, per the charity’s website
- Yvonne Baker — Chief Executive Officer
- Dr Ollie Folayan — President
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Oluwole Folayanchair
- Dr Mary Stewart
- Elizabeth Halifax
- Mohammed-Iqbal Essa
- Paul McLaughlin
- Professor Alan John Harper
- Professor Joan Cordiner
- Professor Raffaella Ocone
- Tawana Julian Phineas Muchatuta
- Thomas Whateley
- Wadoud Hazineh
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £10.6m | £10.2m |
| 31/12/2024 | £10.8m | £10.0m |
| 31/12/2023 | £9.9m | £8.9m |
| 31/12/2022 | £8.7m | £8.5m |
| 31/12/2021 | £8.2m | £7.5m |
Common questions
Is THE INSTITUTION OF CHEMICAL ENGINEERS financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income of £1,175,000 for the year ended 31 December 2025, with unrestricted fund balances increasing to £8,989,000. Per the trustees' report, free reserves of £9,722,000 were held at year-end, which is above the stated policy target range of £6m-£8m. The trustees confirmed that these reserves are sufficient to protect the institution from serious disruption to its work. Its FY2025 accounts were audited by RSM UK Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MISSION44 | 1 | £810k |
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | 1 | £175k |
| ROSETREES | 1 | £94k |
| REES JEFFREYS ROAD FUND | 1 | £40k |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £14k |
| DEVELOPMENTS IN LITERACY UK (UK) | 1 | £10k |
| A G MANLY CHARITABLE TRUST | 1 | £3k |
| THE DAVID FAMILY FOUNDATION | 1 | £0 |
Charities like this
- THE INSTITUTION OF ENGINEERING AND TECHNOLOGY
- ENERGY INSTITUTE
- SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD
- THE ROYAL ACADEMY OF ENGINEERING
- SOCIETY OF CHEMICAL INDUSTRY
- CHARTERED INSTITUTION OF CIVIL ENGINEERING SURVEYORS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE INSTITUTION OF CHEMICAL ENGINEERS | £10.6m | — | — | unclear | — | no doubt |
| THE INSTITUTION OF ENGINEERING AND TECHNOLOGY | £64.1m | — | — | unclear | — | no doubt |
| ENERGY INSTITUTE | £11.0m | — | — | unclear | — | no doubt |
| SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD | £3.1m | — | — | below | — | no doubt |
| THE ROYAL ACADEMY OF ENGINEERING | £61.0m | — | — | unclear | 4.0% | no doubt |
| SOCIETY OF CHEMICAL INDUSTRY | £4.4m | £150,001 - £160,000 | — | within | — | no doubt |