ASSOCIATION OF CHAIRS
We:- Provide support and challenge and foster peer networking among Chairs;- Create, disseminate knowledge through research, analysis and exchange;- Assure standards, generating self-regulation, offer professional development;- Give voice to Chairs, champion their role and contribution to the effectiveness of their boards and organisations.
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with a positive operating surplus of £11,788 and unrestricted reserves of £192,880, which are slightly below the upper end of their target range of £125,000 to £200,000. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern, citing a flexible cost base and adequate free reserves to manage financial risks.
What the accounts disclose
“This included a 26% increase in income from grants, while our earned income dropped by 9%. A new restricted grant from Garfield Weston Foundation, together with other ongoing grants (both restricted and unrestricted), took donations to 61% of our total income.” — page 13
“Our policy requires us to maintain reserves within the range of £125,000 to £200,000.” — page 14
“During the year the charity made payments/contributions amounting to £808 to Action for Trustee Racial Diversity and Board Racial Diversity UK. A trustee of Association of Chairs is a member of the board of both charities.” — page 29
“The Association of Chairs owns a subsidiary, AOC Trading Ltd, registered in England & Wales with company number 09247655.” — page 27
Funders the charity credits
Trustees
- Jonathon Hugh Christopher Saxtonchair
- Anthony Blackman
- Eran Eytan Alvarez
- Julia Tybura
- Malcolm John
- Penny Wilson
- Pradeepan Velayuthan
- Rajesh Kumar Burman
- Rashmi Rungta
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £251k | £239k |
| 31/03/2024 | £222k | £216k |
| 31/03/2023 | £195k | £286k |
| 31/03/2022 | £197k | £229k |
| 31/03/2021 | £307k | £242k |
Common questions
Is ASSOCIATION OF CHAIRS financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year with a positive operating surplus of £11,788 and unrestricted reserves of £192,880, which are slightly below the upper end of their target range of £125,000 to £200,000. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern, citing a flexible cost base and adequate free reserves to manage financial risks. Its FY2025 accounts were independently examined.
Who funds ASSOCIATION OF CHAIRS?
Funders whose own accounts filings name ASSOCIATION OF CHAIRS as a grant recipient include CHARTERED ACCOUNTANTS' LIVERY CHARITY.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| CHARTERED ACCOUNTANTS' LIVERY CHARITY | FY2024 | £3k | Other grants |
| CHARTERED ACCOUNTANTS' LIVERY CHARITY | FY2023 | £0 | Other grants |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| City Bridge Foundation | 15/11/2022 | £172k | Grant to Association of Chairs |
| The National Lottery Community Fund | 11/10/2022 | £10k | Supporting Chairs & Vice-Chairs in Wales |
| The National Lottery Community Fund | 07/10/2022 | £10k | Covid Recovery Support for Chairs |
| The National Lottery Community Fund | 19/12/2016 | £10k | Reaching communities - implementing a new CRM database |
| City Bridge Foundation | 16/07/2016 | £2k | Grant to Association of Chairs |
| City Bridge Foundation | 04/09/2013 | £8k | Grant to Association of Chairs |