Funding and spending

The Institute of Cancer Research, London, works closely with a number of funding organisations, including Cancer Research UK, Breast Cancer Now and the Wellcome Trust.

We also have a close partnership with The Royal Marsden NHS Foundation Trust, and together receive funding from the National Institute for Health Research for our Biomedical Research Centre.

As a member institution of the University of London, the ICR receives funding from the Office for Students (OfS) and Research England.

To safeguard our position and provide for our sustainable expansion, we aim to continually increase and diversify our sources of income.

Annual Report and Financial Statements 2024

The Institute of Cancer Research’s Annual Report and Financial Statements for the financial year ended 31 July 2024 are available to download below.

The document includes the Report of the Board of Trustees, an Independent Auditors’ report, and our statement of financial activities, balance sheet, cash flow and notes to the accounts.

Cover of annual report 2024

The accounts are also available, on request, from 123 Old Brompton Road, London, SW7 3RP.

Income

Summary of the ICR’s income for financial year ending 31 July 2024:

Total income 2023–2024: £132.6 million

ICR income pie chart, 46% research grants, 23% funding body income, 11% royalty income, 10% donations and endowments, 7% investments and other income, 3% tuition fees and education contracts

This information is intended to provide a summary of the information contained in the Statement of Financial Activities of the ICR, part of the full audited annual accounts.

Expenditure

Summary of the ICR’s expenditure for financial year ending 31 July 2024:

Total expenditure 2023–2024: £152.5 million

ICR pie chart of operating expenditure. 76% direct research, 20% research support, 2% fundraising, 1% other, 1% information and education