OIL AND COLOUR CHEMISTS' ASSOCIATION
Learned Society in the surface coatings and allied industries.
Objects
TO FURTHER THE DEVELOPMENT OF THE SCIENCE AND TECHNOLOGY OF THE COATINGS AND ALLIED INDUSTRIES (AS HEREINAFTER DEFINED) AND TO FACILITATE THE EXCHANGE OF INFORMATION AND IDEAS THEREON.
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
Policies the charity declares
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
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.