INSTITUTE OF CORROSION
The principal aim of the institute is to advance the understanding of the ScienceTechnology and Engineering practice of Corrosion Control and to facilitate the exchange of information and ideas thereon for the public benefit.
Financial health, per its FY2025 accounts
The accounts state that the Institute reported a net surplus of £226,151 for the year ended 30 June 2025, with total unrestricted reserves increasing to £1,120,345. The Trustees describe the financial position as 'very good' with 'large reserves', noting that income from training courses and other activities has contributed to this strong surplus despite some costs being deferred to the next financial year.
What the accounts disclose
“It should also be noted that this year a Gift Aided donation was made by Correx Ltd to the Institute of £50000.” — page 8
“Correx is an independent company that is wholly owned by the Institute. The primary activity of Correx Ltd is to manage and operate the Industrial Coating Applicator Training Scheme (ICATS).” — page 8
Property (HM Land Registry)
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Anthony Setiadi
- Brenda Peters
- Dr Yunnan Gao
- Stephen Tate
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £857k | £637k |
| 30/06/2024 | £827k | £588k |
| 30/06/2023 | £411k | £359k |
| 30/06/2022 | £354k | £346k |
| 30/06/2021 | £261k | £287k |
Common questions
Is INSTITUTE OF CORROSION financially healthy?
Per its FY2025 accounts: The accounts state that the Institute reported a net surplus of £226,151 for the year ended 30 June 2025, with total unrestricted reserves increasing to £1,120,345. The Trustees describe the financial position as 'very good' with 'large reserves', noting that income from training courses and other activities has contributed to this strong surplus despite some costs being deferred to the next financial year. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KUSUMA TRUST UK | 1 | £195k |
| THE ROSE FOUNDATION | 1 | £12k |
Charities like this
- THE INSTITUTE OF MEASUREMENT AND CONTROL
- THE INSTITUTION OF CHEMICAL ENGINEERS
- THE INSTITUTE OF MATERIALS, MINERALS & MINING
- THE INSTITUTE OF MATHEMATICS AND ITS APPLICATIONS
- ENERGY INSTITUTE
- THE INSTITUTE OF QUARRYING
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| INSTITUTE OF CORROSION | £857k | — | 0 | unclear | — | no doubt |
| THE INSTITUTE OF MEASUREMENT AND CONTROL | £524k | — | — | above | — | no doubt |
| THE INSTITUTION OF CHEMICAL ENGINEERS | £10.6m | — | — | unclear | — | no doubt |
| THE INSTITUTE OF MATERIALS, MINERALS & MINING | £5.2m | — | — | above | — | no doubt |
| THE INSTITUTE OF MATHEMATICS AND ITS APPLICATIONS | £1.3m | — | — | above | — | no doubt |
| ENERGY INSTITUTE | £10.6m | £190,001 - £200,000 | — | unclear | — | no doubt |