OIL AND COLOUR CHEMISTS' ASSOCIATION
Learned Society in the surface coatings and allied industries.
Financial health, per its FY2024 accounts
The accounts state that the charity held total reserves of £145,407 at the end of the year, with a policy to maintain unrestricted funds sufficient to continue activities for a minimum of twenty-four months. The trustees confirm that resources are adequate to continue as a going concern, supported by a healthy surplus from the SURFEX 2024 exhibition.
What the accounts disclose
“During the year to 31 December 2024, expenditure was incurred from the following parties: Ms A M Etherington is a director of Surfex Limited, which is a wholly owned subsidiary of Oil and Colour Chemists Association, and Kaleidoscope Colours Limited. Costs of £31,250 (2023: £32,090) from Kaleidoscope Colours Limited for administration, bookkeeping, consultancy and advertising services. At the balance sheet date Oil and Colour Chemists Association owed £3,000 (2023: £2,100) to Kaleidoscope Colours Limited.” — page 21
“The company’s investments at the balance sheet date in the share capital of companies include the following: Surfex Limited - Company Number 02745686” — page 17
Trustees
- Alexandra Ruth Bullock
- Brenda Peters
- David Patrick Willliams
- Deborah Lois Coombs
- Dr Con Robert McElroy
- Dr David Alexander Pye
- Dr Laura Petra Merritt
- Elizabeth Helen Humphrey
- Graham John Armstrong
- Isla Josephine Taylor
- JIM BURY MRSC FTSC
- Nicola Jane Cosgrove
- Paul Keith Sheppard
- Philip Andrew Knowles
- Zara Elizabeth Cunliffe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £223k | £148k |
| 31/12/2023 | £86k | £150k |
| 31/12/2022 | £183k | £153k |
| 31/12/2021 | £53k | £119k |
| 31/12/2020 | £58k | £120k |
Common questions
Is OIL AND COLOUR CHEMISTS' ASSOCIATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity held total reserves of £145,407 at the end of the year, with a policy to maintain unrestricted funds sufficient to continue activities for a minimum of twenty-four months. The trustees confirm that resources are adequate to continue as a going concern, supported by a healthy surplus from the SURFEX 2024 exhibition. Its FY2024 accounts were independently examined.