INSTITUTE OF CORROSION

Registered charity 275206 · accounts filings on the Charity Commission register · also known as ICORR, INSTITUTION OF CORROSION SCIENCE AND TECHNOLOGY

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.

Objects

TO ADVANCE THE SCIENCE AND TECHNOLOGY OF CORROSION AND CORROSION PREVENTION AND TO FACILITATE THE EXCHANGE OF INFORMATION AND IDEAS THEREON FOR THE PUBLIC BENEFIT.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · Environment/conservation/heritage · Economic/community Development/employment · website · Get email alerts

Latest income
£857k
Latest spending
£637k
Registered
1978
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: Gift Aided donation from Correx Ltd
“It should also be noted that this year a Gift Aided donation was made by Correx Ltd to the Institute of £50000.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Correx Limited
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold); recorded price paid £390k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 30/06/2025)

Total income
£857k
Total spending
£637k
Cost of raising funds
£71k
Reserves (reported)
£1.1m
Employees
3

Reported reserves equal ~21.1 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (68% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 8.3% of total income — above the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
KUSUMA TRUST UK1£195k
THE ROSE FOUNDATION1£17k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE INSTITUTE OF MEASUREMENT AND CONTROL.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
INSTITUTE OF CORROSION£857k—0unclear—no doubt
THE INSTITUTE OF MEASUREMENT AND CONTROL FY2024£524k——above—no doubt
THE INSTITUTION OF CHEMICAL ENGINEERS FY2025£10.6m——unclear—no doubt
THE INSTITUTE OF MATERIALS, MINERALS & MINING FY2024£5.2m——above—no doubt
THE INSTITUTE OF MATHEMATICS AND ITS APPLICATIONS FY2024£1.3m——above—no doubt
ENERGY INSTITUTE FY2025£11.0m——unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.