TACT - THE ASSOCIATION OF CORPORATE TRUSTEES

Registered charity 1164602 · accounts filings on the Charity Commission register

For the overriding benefit of the public by the advancement of education in trust law and practice through the provision and dissemination of information and instruction.

Causes: Education/training · website · Get email alerts

Latest income

£49k

Latest spending

£70k

Registered

2015

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves decreased to £99,776 from £120,662 in the prior year, primarily due to a one-off increase in educational events. The trustees maintain a reserves policy of holding up to 24 months' operating outgoings, and the current reserves are below this stated target. The balance sheet remains strong with net current assets equal to the unrestricted funds.

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

What the accounts disclose

Largest income source: none (100% of income)

“The charity's main source of income is from member subscriptions.” — page 3

Per its FY2025 accounts as filed with the Charity Commission.

Reserves policy: up to 24 months' operating outgoings (held: £100k)

“The charity intends to increase its general information and instruction presence and expects to undertake sporadic "large" projects. To this end, it considers holding up to 24 months' operating outgoings, as a reasonable reserve.” — page 4

Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Corporate structure

Registered company of the charity Companies House 09744409

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

PORTER, Sarah Louise — director, appointed 02/09/2025on trustee list
PROCTOR, Jonathan Mark — director, appointed 11/07/2024on trustee list
FARNHAM, Cheryl Leonie — director, appointed 13/04/2023on trustee list
CAMPBELL, James Alexander — director, appointed 11/10/2018on trustee list
GILES, Helena Anne Jane — director, appointed 18/11/2016on trustee list
LONG, Neil Ian — director, appointed 21/06/2016on trustee list

Official officers record.

Trustees · trustee networks

Cheryl Leonie Farnham
Helena Anne Jane Giles
James Alexander Campbell · trustee of 1 other charity
Jonathan Mark Proctor
NEIL IAN LONG
Sarah Louise Porter

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

Operates in: Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/08/2025	£49k	£70k
31/08/2024	£50k	£59k
31/08/2023	£44k	£45k
31/08/2022	£48k	£40k
31/08/2021	£47k	£39k

Common questions

Is TACT - THE ASSOCIATION OF CORPORATE TRUSTEES financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves decreased to £99,776 from £120,662 in the prior year, primarily due to a one-off increase in educational events. The trustees maintain a reserves policy of holding up to 24 months' operating outgoings, and the current reserves are below this stated target. The balance sheet remains strong with net current assets equal to the unrestricted funds. Its FY2025 accounts were independently examined.