2024-12-31-accounts

Company R•gl•lrntlon no. 00745821 (Eryland #nd Wales) R•glstsr•d Charlty no. 259095 OIL AND COLOUR CHEMISTS ASSOCIATION (A COMPANY LIMrrED BY GUARANTEE) REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 DECEMBER 2024 PIERCE c.￿ UMITED MENTOR HOUSE AINSWORTH STREEr BLACK8URN LANCASHIRE B816AY

OILAND COLOUR CHEMISTS ASSOCIATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Pago Reference and Administrative Details Report of the Trustees Ilncluding Directors, Report) Independent Examinalion Report Statement of Financial Activities {Induding Income and Expenditure Account) Balance Sheet 10 Noles lo the Financial Slatemenls

OIL AND COLOUR CHEMISTS ASSOCIATION REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 TrUSTEES MrJABury Ms B Pot8r$ Mr D P Williafns Mr G Armstrong Ms D Coombs Ms N Co8grove Dr L Merrltt Mr P Sheppard Ms A Bullock Ms Z Cunliffe Mr P Kno￿eS Ms E HLtmphr6y MrDPyo Mr C McEtroy Miss l Taylor Ms C Booth Mr D Lesler (Appointod 18 January 20241 IAppo'inted 12 September 2024) {Appoint￿ 12 September 2024) PRESIDENT E Humttsey IMMEDIATE PAST PRESIDENT Mr P Sheppwd COMPANY SECRETARY M5 B PoteTS REGISTERED OFFIGE 4th Clayton Hous• $9 P￿cadillY Manchester M12AQ REGISTEREO COMPANY NUMBER 0074W21 (Englarnl and Wales) REGISTERED CHARifY NUMBER 2￿795 ACCOUNTANTS Pierce C.A. Llmbtsd M8nlor Hwse nsworth Street 8lackbum Lancashre BB16AY INDEPEMDEMT EXAMINER DonneltyBenlley Limited Chartergd Accountants Ha2￿mere 7¢>72 Chorfey New Ro•J Bolton Lancashire BL14BY BAMKER8 Vlryin Money 3 Ea5tyates Leioester LE15BL

OIL AND COLOUR CHEMISTS ASSOCIATION REPORT OF THE TRUSTEES {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees. who are ￿leC&)[S of the Charity fr)r the purpws ol the 2006. pr85ent thelr port wrth Ihe financlal stst8m8nts of the Charity l( Ihe yeAf ended 31 Dè£thr 2024. Thè TNstees hav8 8dopted the provisions ofALtthnb"ry artd Rewjrtlng by Chgrities Statement of Re¢onThnded PracOce- appl￿ble to tharibes preparing their arI￿ntS ￿ thraan￿ W￿lti the Financial Reporting Stsndarrj ap￿1¢a￿A9 in the UKand Republicoflrdand IFRS 102) leffE(¥E 1 January 20191- Thefirtandal statsments been prepgr•J in aco)rd8rK8with the 8CffAJMiNJ WkloB Set (xrt in th8 no¥tolhè Actounts and com￿Y with 1hg Chèrity's goveming do(yJmenl. Act 20[￿. Chantw Art 2011 and AeLounling and Rep)rbng by Charl￿$.. SterrEnt of Recommended. Practi1￿ appli(able to tharitw preparing their a¢counts in accordanc8 with the Fina￿181 RewI￿n9 Slandord aPp1vb￿ in the UK aTrJ RpwbNc of Irdand trAish•J in iktober 2019 {Cknart￿ SORP 20191 In thi% report. r8lerertèg ara to ctyj￿r and Ynjstses.. Th8W terrn refer to thè Boarcl of TTusts DwECtors. OWECTI¥ES AND ACTivmES ObJectl¥•8 and Akn• The Assoct8tion has continuJ In fts a8 an •ducats"onal tharity for thg devekpment ol th9 8aence and tg¢hndogy ofthe c￿￿n98 and a￿d industriBs and to th& exchang8 rrf infom)aUon aTrJ hJe4s thereon. p)i￿1P9￿ obj'ectives ofthoAssc¢katth are lo wovhJ&a p1th￿ Sxaxposure. k intE¥ted parties. ofscitrftlyl and 18thnolL¥Jical d9Veknpme￿ in th& swtace 8llbd lThJu8lrleB. These objectiV8s are achleved by pubkatkn of fvluma￿ and other Wblicat￿$ )rganisath)n ol conferences. sympola. and exhibiUon6. Thg maln Ci8¢￿ for th8 ￿ar under r￿eWWert.' To and h(Ad SURFEX trado gxhSbrtKJn at CrAtenty Bundlng SJGEty Arena ro identify and implwnent fvwthgr c£6t savlrvJs and pursu6 opUon$ to 8￿taIn the ChawFty over thg term. in partk>JlaT to". Build up the rwbersfmp. re8chiNJ thè next gerer8￿0Th ot¢beml8 Bndte¢hKJbgi8ts. Improve ffinandal viabilty. Devdop the Surfex & Ellin￿rG8rd0nw bur$￿e$ aimed S￿￿￿￿•My81th9 8thJlc￿ ￿ devok)pmert of themk8ts in aLxdemia and induBty. Slart prep#￿10￿ lor sure￿ 202518c&demic crytsrancel Thg 8trategs empkW Charivs obp¢th¥ were". To eX￿ftd and lurfhar dave￿ ¥¥l￿ba8y re9)Ur￿ to pffjwde efflraenl ¢￿￿m￿nI{sthjn8 lo a WO￿J-￿de membership. To requiro Surfex LimitpAI.Ihetrndingannofthe Chaiity.tovA)rkwithStep E¥hbIUor￿ In OTgani5ing SURFEX 2024, to achwe sufftiont Det inc(Nnlny resour￿t0finBr￿ the Gharity aEtNblles: To etVJ89e and partherwith addithThl UniversltS8s 1hrough(￿l the ￿unty. and To i[￿reaS8 the numbar of corporète sponsoriThJ companies. Toestabllsh Ilnk8whh n8Y¥as￿l&￿onSIprofèsst0n8l bodiBS bsour¢eburBaryp#thws, promo*oThJaward.

OIL AND COLOUR CHEMISTS ASSOCIATION REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 OWECTvrfe8 ANO ACTivmEg Publlc BoD￿t The overriding objeclhe ofthg Chgrity 1$ that th• ChaEty shwld ac forlhe b￿11 ofthe pub Thecounral. ￿rnPr￿d oflheTwstees oftho 01 and Cok)ur Chemigts. As8OCiatK>r¥ ltheAssockqth)nl. has rel8rrgJ to th¢ guidance Sn the Charlty ¢￿￿￿$10n,$ gerffjrdl guKlano on benafft wben it8 Sir￿ and obledlves and in pl8nniNJ the AssOc￿tiOnS future actNides devdo&xment 0fttr￿ v•xnc8 and t8￿r￿(paY of coating$. The A8￿￿8t￿)n 8thieYeslhis overrfdiry rknjgtht ty. Th8 publlc4tton oftechntsl aryj 8LYBntik informalbn indudiNJ Surfarx Cr￿t¥￿d$ lrtematycfft Journal The proviS￿)ft of cA)ntFnuing professh)nal dèv81opment In thg fomi of wnfefences, Bymposia and. mcKe recently, W98fvJy Webingrs. Thg provision of professional qualificatK)ns A C¢do of Prof6S8iorb81 Conduet and fjthiea gurdance The publ1¢ )engfrt is enhorted through independent fft)YJnrti￿ of the profession81 rA)motitsnc8 of mgmbgrs, and a lorma prorAknr8 forinvestigati'ng txmF4aint8 b) wmbers. The public benefft L8 88rved bytheAssoctatéon'8 edurknal 8CtNlli888nd by mwtsrs that coatlffjs and assodated proLucts are pruduc8d salety, that the pullic Is proto(tsd in the use of t￿ti￿a8 and that coatinos s 8nd sw0d￿d b enhance gvtrrydgy lffestykn. Tho publk benefft enha[￿￿ through Indeperlgnt rwnrfton ofthe ofm8rnberg, aThl a fonrol procgdur8 lor investigat+ng rnlalThJ to mmb8r VoluntO8r8 Although Trustees and mernbeF¥ do not fB¢e6vg any remullwatth for thwf Ca￿tKInS lo ts govemanc8 arxl devgknpmenl ollhp CharSty, part plw by ¥dunteern bn aehwng thg CharWsobieGlwgs Is higMy5vJnifK8nt. Withoutlhe Tnjstegs and many voluntser? Ihat 5eTveon wmmtttees, th Charity would not be to condu the wde varkety of acuvltbs that our rnembets and Internatio￿1 coatings community have o)me to retyrm. ACHIEVEMENT AND PERFORMANCE Charltsbl Actlvltles The Charity sets annual budgets aTrJ rr¢a8ureB wrfomwco on a rngular basls. rTaluig to revthv al le88t threo times per ywr. ￿n8￿Ck•1 irrfonTration h￿8 b88n m#deav8Hablg to all Tnthe& Imwovemgnts kn the management of rrffjmtership adDknL8lralion have ien m8d&. The A8sodation will $8ek to ¢o18borab with i¢lee￿ aw¢i8led Irthut6s wtthln th8 Surfaeè Ert9￿￿rfry diKapltngs andloracademha t)n an ￿￿ePer￿Jen1 ba￿$ forthe gr88tergood of the coatirrfJs Ir¥Justy. FINANCIAL REVIEW Financial Po¥lllon The trjr lh8 year s•toul tn the Stat8rnent of FiMnLI A(vitw. Th8 A￿>t1￿t￿ glm to gener a surptus in each Surfex year to enable re4nv9¥trn8nt into I[￿mberS, benerts and furfhor tho Obl￿tIVeS of the Awig&on for the erBukng tsvcythar perkn1. Funds aTe aet askle to wver both SURFEX Ellinger-G￿l Bu￿&￿e8. SURFEX 2024 w89 very 8UGrssfvl gemratin9 fargre&tef rnvenue ¢￿ParEd kn the pre¥AoJs exhibitb)n, SURFEX 2022. mainty due to 1oweropern￿0n8l c4xts in 2024 Compa￿ to 2022. vthan had ac￿MY1at￿￿ addthonal ¢0sts for not h8￿ng èxhSblted over 84 year pErKJd ovkng to Covid in 2020. WeW￿l bok lo bikl upon th• $u¢cess in our anniry for wr ngxt exhib￿on. SURFEX 2026.

OIL AND COLOUR CHEMISTS ASSOCIATION REPORT OF THE TRUSTEES (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 FIMANCIAL REVIEW Invo9lm•nt Polity #nd Obl•¢tlwo The A550ciakns powers of investment are set CArt in the Wmornnthm of ol comF6ny. T members of the Councl have wwer to invesi in any manner IhEy ￿1$h. subject lo thè Lst interests of the A8￿ra￿tIOn being 5èNed. Ccyjnal ha8 adopted 8 &)fis6Thatfve approach to irweslrnwrt in mainlwnln9 syb8t8ntial ash tialances In hterest-bè8rift9 116postt8. Th$8 th)v$18i18 ihto the ttppr(￿h to and rg58r¥e5 wlicy. Res•r¥es Polky It 15 the rKdicy of the ASSO￿￿1￿)n to mglnlaln Unresb1ct￿ at 8 ￿¥81 whth, when 8uFpoFting aGvitiesilurtr¥J Ih&'non-SURFEX gxhIt￿￿n year(5}.gwes it ade4ual8 coversuththatrf intorring resoufC•S from this 60urc8 were trj f811 du8 lo economic￿¢)￿00Wn. then acbvides (￿Uld b@￿nInU￿3 fora minThum of&nty4ouTmonlhs. The As80clation rdi8s upon it5 whdly owned subsKli8ry. &Jrfex ￿Mited. to generattr suffitsent funds every two ye8rs from 118 eXhibit￿n 8cbviti6s. The A6s0rAation has contin￿￿ kn ()sety Monik￿ the posthi and ' confident that wll stll be abb to o)ntinue unts"I SURFEX 2026. At 31 Decemb8r 2024 thè eharlty fkl tota r8Bgrves of £145,4107 The general fijnd was ¢r8dii by£38.301. AS noted Surfex exhlblllc￿ of2024 gen•r8ted a h8allty 8UfPtU8 whtch was glftad tothè chanty to as¢grtaln running c(ts for atleast the [￿1 years. FUTURE PLAN3 The Coun¢il i8 8ver mindfrjl ofth• rapldty of SCKgnbfic and technclDglcal and c£rtinues b slrive to ew that the L￿ting5 irmlustry is kept abreast of dsvek>pments throu9h.. $cbnffic and ￿hn￿￿￿t4￿1￿0ns technical rneetings & Sym￿$￿a enhanced Pfofesskjnal qualificat c(AJ8bor8tion with Ott￿ra560(aatl￿￿ to Provide mèmbws ith trnin9 f880LXC•S 8xhibthns webinars seminars Objectivès lor2025 Lxntinug t0fr￿ on the maln Obj￿1￿5$t81ed Mostlmwrtonfy. arr8ngements be made. for our t8chnlcsl ¢Ubfernrt¢6 SURGON 2025 end we wim tJrk dosety In Conjuncti￿ with thè SURFEX Boaril and Step Exhibthons, in our preparations fora sUCLs¥fiA SURFEX 2026. STRUCTURE GOVERIW4CE AND IAANAGEMEMT Gov•rnSng tYocum•nt The Asscoadon 18 8 company limited ty9uar8nte8 and Into￿rated In Enuland. Th8 90￿mIl￿a Instr￿neTrt under vthich the Assod&tion operates 18 tho Momorondum and AJlk46s ofA8s￿￿?n. R•¢ruthont and Appolntm8nt of Now fru•iws Followrng the changestothe 9DYemancoofth• Charfty. implwnenled In 21x15. thgTnth•sar• elthJ&)ra period oftwo yeaB. Organlsatlo￿l StNctur• The Assooauon Is organiwd 08 fr1ky￿. Th• Council of Manag8m•nt. wlThe memtrr8 8rg (thre￿ or indireetty elerted to 8eThe for a period of two years. Tr1￿888 afft M8mbern of the Asscaation. Trustees a￿ offered guidan(t on Ihelr dub"e8 and re8ponsiblibes. Dky to day Operat￿n$ are managed by the Trnstses and through outsourdng arr8ngements. Th8 Qiunol 1$ a(tswntable lo th8 membarship. whith in lurn comprises Ind￿dUd￿ connect¢d with the coatings INj￿try. All kN)liGy proFos ar8 submittod to the Council lor approv81. TheTrustees ad(￿￿edg9thoI OCCA Swth Africa has a forn￿1 approvad independenc. tyway ofa new Irmee agT98d in 2020, and now runs autonornou of UK. wth the &x(tplTh ol Pr￿￿￿)n￿ M8mber5hip approval and Admink%tr8*'0n.

OIL AND COLOUR CHEMISTS ASSOCIATION REPORT OF THE TRUSTEES (INCLUDING DIRECTORS, REPORn FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT The Trust88s ol OCCA UK hav• no control w Infiu8nc• over Ihe administr8tk)n. re8ources. 4r￿ expenditurg of OCCA South Africa and lorthis reason the assets. and •xpfjThliture of OCCA 8￿th Aftic8 have not been rocognised wtthin th8se acLounts sin￿ 2012. Inducilon and Tralning ot 14ew Tll￿t conduct•d by officern setbng oshje to Insiruct tho pot¢ntial Trustee c0vWts￿ a•s suth govemance, duties, and re¥p￿sibIl￿8S. Rlsk M•n•gwneTht Th8 Council have a dutyto hlentify and rewew thè ri8ksto wh￿￿ the Chawity k% exp)sed to ensum approwl tr)ntrol$ are In ￿8¢& to pro￿￿ reawn8bb as5ur#rKe aga￿St fraud and error. Th8 Councl urthrt8kesw￿er rev1￿30ftt sourcos tsflts (n¢￿ty r85oUr￿8gnd the rgquirementson outgolr¥J T&8Our￿$ ￿ malntsin its ¢haril8t4a advlts"8s. Th? Council Ver￿gnis95 ￿ inrM)rtan¢¢ of the SURFEX exhibttlor In the Main￿ants 011n￿mI￿j r8sourcA8. tt 8fso relxsnises the rgquilemgntto develop ￿l￿e$ to e￿Ure that the Assod8tK¢n will LrntiNe lo provhle ch&Ti18ble a￿VitIeS In futur8 yeafS. whl¢h may In¢￿de thè ￿taNIsh￿￿nI of more fomial &rran￿Ments￿￿I Other reknartor98nisations. Coundl ¢y)nducts review8 Oft￿ inherent in thè Organlgalkn. The M¥Jor￿kS 1d8rffi￿ th• abllity to generata Guffidont incoTr to corthuoaclNIWgs.' th&￿11￿10 Ir¢rnaSg￿ber$hlp arxl th￿¢0￿clOt￿bItC 8 other optrrational costs. The Coundl rgvlows and updales ￿ insurawj by assessing the m8rketand sowong the m05t5Uit8bl& ond st4ffe￿ve Insurarte proth4nd poly to Wl•T1oga oNlgalbro and mikngate ￿rtalfi fjnant4al ri￿$. PIIESIDeNfs REPORT- OCCAAGM 2V24 Atthè As8oclatlon'• G•n•rnl Me•Unq h•hJ InS•ptomb•r2024. Pr•gklen¢ P8uISh•ppard dell¥er•d th• followlng r8pDrt.. Wow, wh8r8 dh4 the go? I hove nowoxnpkted a thre¢-yeartenure as OCCA Pr8sK1ent and I rtwstsay I h enjoyed gv8ry rninute. twas Irt¥nènaetyhonovredtotskethe helm ofoura¥8rtL4tion in 2021. and l amvery rdea$gd lo bs p8sskn9 the baton on to El￿eth Humpl¥gy. OCGA will be in very gcw)d hand8 lor Ihe for￿￿￿8 fvlu b4rt1 wlll SUII be on halld aThJ s6tUn9 on cou￿1 ag Imm8dlato Pa81 Pre5identlooffgr thtce anLI help W required. Wh8n I anLI take ¥kn¢k of my pr6sldoncy. l am extremely of vthal we have athi6ved. I have 81 bgen very fort¢Jn8te to wd6 Over￿ 8UfW8ful SURFEX exhIbrfo￿ 8nd ts4r) SURCON ￿ChnIcal ¢￿fere[￿s. We havg akn 9rown cur membership and the Thjmber ol gducational p8ther8, and otsrloumal, Surface Coatings International I￿1) gc¢s from 8treryth to streryth. WB are preparirwa our fourteenth ￿klY Web￿ar serf88, and oltr weblnar pn)gTrrrww has probatrty be8n one of our bigge51 Suc￿$$e9 during Tny term. l (annol possib tske the credit for aK of Ihk%. 89 our success down to teamwork, and I have worked ￿th the be51 team I ve wishad for, an cwr txntr8Llor5 aThJ cou￿1 membersaKe ￿Mn¥￿e￿to OCCA and ha￿ Wor￿ wondws ov the past three year¥. So ontyjgh of m? for¥Jty r•)￿scI￿ over thg ￿ I￿￿e yws. l on all ts good Stl￿ wg have dorn Ihi$ year. As m8ntk?ned atthe. we havg in(xwed Ihe number of e(kK¥1w)nal portner¥ y6af from Io $8ven, with th addition of the Univer%ty of Lincc4n and we'll have more to o)me Ihe ¢rffihJ y8af. We also hab enty.fve corporat8 Sp￿￿OrS, we arg au v8ry pleased to h&v8 you a￿ onboard aThl thank you foryour support. ThL8 ygar we tsnp)yed anOt￿r Su￿B55TU1 ethNI th)n- SURFEX 2￿4, and l am very pleased to rgwt the suvplus hÈs now been rlNlat8d and we havg 888n a bkJ inmse In our profftdloLztion ¢omp8r8d to2022. treasurer, Alex B￿ck i¥ also very happy ￿ the È&8otsation k8 Set to r8ceNe over £150,COO. This ryh)ney providgs OCCA th greatfinancial stabillty forth¢ coming ypars will al￿¥ US to 0)ntin￿ anEI expandon the great workwe do. My thBnks must go to L¥Jr8 V£rrilt and the SVRFEX board. and of r￿15& our partners. Stèp Exhlbth"on for organi￿TrJ and dèliV￿r￿j ts event

OIL AND COLOUR CHEMISTS ASSOCIATION REPORT OF THE TRUSTEES (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The asswation'8 ThmbetsNp ts)ntin￿ to 9rrvw, and we ￿￿e 888n 39 new athlg membars ovar the p&8t year. mrl Si￿9n1 m￿be￿ hav8 beoft gaknwl through univetsilyes aThJ increased ordlnary m8mbe¥¥hips malnty dug toour exc&L￿Trt webSnar F¥ogramm8. We a￿ vthing irKrea$ing the number of Fwfessional mernbe￿ and ￿ ￿11 soon be rDl1irvJ ¢¥Jt an automat￿ appI4'¢al￿)n and approval lo m8ke Ihe wocess eo$l¢r&nd qutkerfor mom￿[$. Our 8cademK links have b8en fijrthor strerned Ihia yettr, not onty wrfh the additw)n to CourLal la81 year of Dr 08vid W and Or Rob PkElroy. but akn our n8w Sbjdent L￿9180￿ Crfficar. l$la Tayly, hel￿r￿j wth the ¢(￿tIn￿ e¥pansh)n of CAsr industry I￿￿Jht se¥8(onB, pinir¥J Induslry exp8rts with stwJent8 to offfjr adw¢e on a81n￿ ?mployrrnnt and to showrw8 our 1fid￿ to undargraduates. We 8150 prNdd ar¥)t￿r 8xcdlgnl tschnica nlererthin Novembgr, very8btyoTraanoed by NTrkkn C￿roveand theT8chnical C￿mittee, butSURCON 2￿23 ad a hw8t as we cofiaborated Ihe UnI￿r￿ty0twaThickand hgkltho conferenc In ￿lUn￿l0￿ with Iheir Polymèr Club Semlnor. Th8nk5, mu5Èth ￿t0 DantalLester, Rachael Hènd, Stelan Bon and lan Hancoxfrom the unfv8r5ity as this partnership workod very wdl with ¢Jg8t85 eThjO￿￿ firsi4lass hosptslty and eonferendry faTh1￿.98 combing industy and a&￿emIC kn￿￿Jge, wilh superb n8lworking 0￿rtUnitye5. 1)Jr ￿l￿boratiOn with the Univ8r5Tty of Salfoftj ts $tlll going strong as w8 ddivered o thlrd S￿er￿ in Industry rmjule this ygar. aikJitK>nally è consultabon pr¢)cess has started on the leasibilty and ¢￿￿￿￿t of a newdegre& courn8 Speci￿¢s￿ydeSIgned ith great&r in(knstrial col￿borat￿)n and c￿nI￿nI. I have been consryow8 Ihat ￿￿r as•)daOon n8wJ8 8 V8r• ol rev8nu8 88P8cLqlty to avoid over re11an¢e on the income generated ty SURFEL With thls In Mind, we arn IwkJTrJ t¢) fvrther inGrease the number of porate sponsors over the r￿Mi￿ Y￿1, and w& are the earty stages of provKllry l)8spoke ar¥J Ilaxb 8tlngs relat&J trainmg COU￿ and ts)pe to Tun 8 trbol course wlth a lirnit8d number of slud&nts this year. OurW98ktyWeblnar programme. dua to stsrta fourteenth ¥9ri8s, has hetrd Ihe assrtLqth)n on m8ny leveb. Irom Increasin9 M￿bernh¢p wrpor8te $k￿nS0￿ to trfvJosting our profile and ggnwating revenue. thanks to ouf Mefflbetship and M8rkgting team heJed byZar8 Cunbffa. and ?$pecdtyAnn-Mats Ethgrxwton and Mark Hutton for Ih¢ir trwn8ndou$ efforts in delivoriry thg webinws. Richard Kenfiedy has help woduced anotherspx slunrring ￿￿tic￿$ of ￿1, vAlh th8 the￿ co(WP￿4￿2btsn$ T￿n. headed ty Day￿ Willi8ma, and we have rwAived plenty of positK feedback from our r¢der5hip and incwsed advertiwry interast. We aL80 suw83fiJlly trlklied a c￿￿page ftyer prornoYr¥J SCI CCCA membership at SURFEX chem UK, whkh alowed act￿ lothe prevaling i$8ue. It has l)egn a qu￿ year in le1ft￿ ol bufsaTi8S aThJ awa￿$, but ￿ h8vè bean ebkp to U88 sornè of th& 81inger- GoTcN)nyi fvnd to help StUd￿ts with travd tts fXsnletpr￿S and to deliver sorro ol our ¥tud￿t eng8gemenl 8vènts. We wll aL80 be Snlroduryng t￿$ membgrs trj Councll. one from x4demkq and one from industry, so on they have begn dected it will be a well-b8Lqnced, ¢x)mmltt8d Strong C￿nd1 comp￿Ing of 18 peoplg. aH focused on dè1lvt￿rtY our VISk￿ to M￿terS, F)8rtnws and the industry #5 a W¢ have seen a grger thgreo of¢>)lIa￿r8tiQn withother industy8kgholdern. 8sweioird for¢e$ath the RSC ond BCF in conjundhirTr wl¥) Cogent s￿￿3 b tr8Fn coatlrgs amb88sJor& Fouf of our c￿r￿11 members havg rJJmpl8ted the￿r traning in addit'on to 8everdl OCCA memb8rB and the scheme has now trained over SO peoplè nca rts Inrption. Thi5 collaboration wll continu8 over the comiTrJ ye￿3 lo pThSde further fjngageThgnt opportunitie8 for thv grnbasSad￿ to pr￿[￿ wr industy and fftntial Career polh¥ bj students In sthwlj. coll8ge5 and univets￿es. Finally. I must Ihank ￿ryOne that h89 wntritrtJt8d to our 8UC(88 y88r ar¥J mad& my Ihetry¢art8rwJr• both gr¢ioyable Bnd tsvtrnitul. Our edU￿tional partners and corpornte spon$o¥s have not onty prtiwdod fin8nd81 support. but afso a host of op￿rtUntt￿8 and wling vokjnteers as tr￿Y Sha￿ wr v￿¢￿. ¢)ur Contractors have gone above and beyond in their work. creats.ng 8 very professional feel to OCCA esp8clally con$hleriThJ wo arB pftmarily vglunlary run associalM)n. The SURFEX board #nd Step Exhibitions that have been wAh uslhrough turbulenttimas thiring hxkdown. demonslrsFd on unneNng VAII lo gel the job don8 despitg nurrErous chaltengeB. Our growing memb8r3hip that has eont¥wJed to support OCC& whether by attending axhibitlons and wetsinar5, or providirs frièndly f8odbaek. Last trtrt r￿tleaSt. the band ofvoluntsers th* is OCCA C￿j￿1 and thgvarious Committees and teamg. thank you for all thg haftl work and devolk)n ov8r thTrs afid th& past three years. I ha￿ been ￿7￿) suth a wonde￿1 tgam and it htts been 8Tr honour 8ThJ 8 pleasu￿ to %wrkv4ith yryj alk

OIL AND COLOUR CHEMISTS ASSOCIATION REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Now 86 my terTh LI ending. l am forwhat the futyro brings, as18upwt our pre￿deTrt Eht8bèth, l ￿6h her well and a wedth of Su￿8$. gnd l Jook forward to helpin9 her realise her own V45KJn Br¥J •Yee8 for Ihe association. Paul ShgppaThl OCCA President STATeMENTOF TRUSYEE8' RESPOM9181LITIES Th$ Trustees (who 8r8 a150 thedirectOTS of 00 and Co[￿r Chemi818' AEx¢kallon forthg purw)sg5 of comp8nylawl are rn8ponslb19 forpr&p8riThJ the Re[KJrtQf￿ Twstees and the finanoal stat8m8nts in a0￿dancwlth applicable law and Unitèd K6ngdom ￿￿￿￿tIng StsThJaTds (Unrted KiNJdom Ggngrally knnbng F¥a¢ti¢el, Indudlng Finan17al Reportlng Standard 102 Th Financiol Reporting St3ndaril 8ppllcgbb ￿ tha UK and Republi ot Iretsnd,. Compgny law Tequiw th8 Tr￿tl•S lo prepare fin8n(xal statements Iw eath fin￿GL91 year ￿Ech gN6 a true aTrJ fair ￿eW of the slate of 8ff8n of the th8rilablB company 8nd tsf Ihe STrc4yr￿ng restsjl￿ anot applicothon of re8ourw, tnduding the Ino)rng and expenditure. of th8 charFtAble company fr¥r that perkxl. In prppgring those finan￿81 statsments. thg Tw3tees are required to.. • select Suitab￿ ac¢c4Jnting pOI￿a&S #nd thw appty th8m Con￿ty. • obseNe the met￿)d$ arvj prinowes in the Ch8rity SORP. make judgemènts and eslims that t￿ Yeasonabb and pr￿Je￿I. prgpare the financlal statsm8rrts on the going concern ba$is unless it is inappropriale to presu that the charitsble ccmpanywill continue in bJJsln8S8. The TnJSt￿ a￿ ￿ponSIble for kneping proper accounting TeGords %thlth disdose r8a50nablè ae£uraGy, at anytimo, Ihe fin8n¢l ￿$1￿￿)nof the Charitsbk cOrn￿nyandto 8nabl8themto ensure Ih8tthBfinan¢Eal $tat8ments eompty with Ihe Comp8nw Ad 2006. They Are also responsibk for safeguarding lh8 assets of t￿ charttab company and hence forlaklThJ rga8on4tqè steps for the pr8ven11￿ éeteclttin of frauL1 and other irregulariUe& In so far &9 the Trustg8s are awa￿. there 18 Tr) relgV8nt audn Infomwlon ofvthkh charilat49 COmP8nrfs aud5b)r5 are ￿[￿%￿are. theTftJstees have l¢n dl st8pstst Ihgy oughtto ha¥elakenlom8kèthuwkn8awafÈofÈJw relevant aud6t Informatr)n and to estobltsh tr￿t th8 aKSkns arg awaTrol that infc¥maticn. INDEPENDENT EXAMINER A rgsolutton wlll be proposed * th8 Annual General Mgeting kn ￿appO[rrt Cath•rfne Cde of DomèUyBefttl&y, Chartere(l Arxountsnts, as independent examingr to the Charlty. Th￿ report has beèn prepared In the 8pecd pThisiorts of Part 15 of Ihe Comp8niB8 Act 20C6 rel8tiNJ to small Com￿ni¢S. pprovod by ordèr olthe board ofTru¥t8•8 on li￿ XOA rwj signed OTh it$ b8haW ty. M$ E Humphr8y- Pr8$

OIL AND COLOUR CHEMISTS ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OIL AND COLOUR CHEMISTS ASSOCIATION l ￿￿ttr1 th8chardy tNbts8sfmrnyexarinaltonotth8xcAml¥ ofth•(gJrnpwyforlhg)wreTrYod 31 ￿rnber 2024whkh are setsxrt cfi page8 9 to 19 Orth￿. R•pon81blM•s b4$1$ of r•port Asth4 charitylrustess ofih•wmparty I0￿91$0M¥ dre¢￿r$forthOPuwQfLYfflpa￿I•wI￿U arereSpor￿ ror th• w8paRlkin ol th¢ ¥¥xunlJ in x>ydanca requlrBrnents ol ts Compbs Ala 2CI)B Ilh8 2Q( Ad. ￿h￿n9 s8llsfi&Y mysdFlhatth8 acc•￿￿01 compatyaY• requwedto beaudtt•J ￿derPart 16 oftha 2006 Acta￿Jare it4efarw#lependantgxDtswlKm. I re￿11 respect0fmywminatrjnofy￿(WP0AYsaCL￿Jnts as c8rrAdout urthc Seth￿ 145 olthe ChOr￿A¢t 2011 fthg 2011 Adl. In rny ex0Nwrtht￿n I h8ve fokn¥ad tha DlreLllffi¥ tyven ty undor ¥eckni 144SXbl ofth8 2011 Act. knd•pwdènt•xanthnorf5 •t•t•m•nt •xarnirthn wlng mè ¢￿￿e ts b8U8vethat in aty mththal re5wX.' a￿L￿￿l¥j not k4t in resk¢i 01 Ihe as wukgd by $96 of the 20]8 Art or th8 8crJiunts Ikj not8C¢A?rd%￿th th(6e records., or th8 accth4nts ¢Jo Tr)t cunpty with the ts)untiDa wuwefrenfs of 6ethJn 396 of the 20Q8 Ad thr th any requlramenl t￿t Ihe 8¢xyJunt8 9Ne a'tr￿ and fairv¥ is not a ￿ngXIer8d ao porl of an Indep8ndert eXw1n￿on.. or th8 aco)unts tov6 tttn popyred In ￿[dance wih Ihe methots ofth8 Staiement of R￿ornmen￿ed Pr8thc¥ for •x¥￿tIng and tyy tharitros appliable to chaiitie¥ In ￿trIa ith tho Fln8noal RewrtlrTg Sl&nd&rd aWl¢obl8 In th6 UK Republ￿ of Ireland IFRS 1021. I no concern8 and have ¥ros$ rKJ Other rnAtIwsln ￿ThRe￿n with towhich ¥lt8nkn sholdd bz dra￿ in rek*xtin OKdwtO 8nthe & rnrUr>J0￿r￿Ir￿J ofts •xwnis trj bg rexhe Cdh.C Catherfne Col8 BA FCA ICAEW DonnelyB8ntsy LI1￿le￿ HazlEmer• 70 Chorky ￿ Road 8okoTr. BL14BY 11 Jg

OIL AND COLOUR CHEMISTS ASSOCIATION STATEMENT OF FINANCIAL ACTIVrnES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 31.1124 Tot81 Funds 31.12.23 Total Fund8 Vnrgstflct8d R¢slrlct Funds Funds Notes INCOME AND ENDOWMENTS FROM Sponsvrships Publications SCI subscriptions Mom￿rship 5ubsuiptKJns Licen¢e fee Incomg Ev8nts Investment income Gift aid receipt Donations and Seco￿ m¢)niè8 25.000 2.768 10.006 15.108 2.500 24,619 2.101 138.325 2257 25.000 2.768 10,006 15.108 2.500 24.619 2,101 138.325 2.257 30.060 4,1D4 9,389 15,595 2,5DO 19,943 1221 2.437 Total 222.883 222.683 86.249 EXPENDITURE ON Raising funds Publications Events l)onatKJns Other Interest 52.365 14.941 7,740 70,614 52.365 14.941 7.740 73.297 52.137 20.717 2.683 76.893 Total 145.660 2.683 148,343 149.750 NET INCOMEIIEXPENDITURE) BEFORE TRANSFERS 77.023 12,683) 74.340 {63.5011 TRANSFERS BETY￿EN FVNDS NET MQVEMENT IM FUNDS 77,023 12,683) 74,340 {63.5011 RECONCIUATION OF FUNDS Totsl funds brougm forward (3B,7221 109.789 T1,067 134,568 TOTAL FUNOS CARRIED FORWARD 38.301 107,1( 145.407 71.067 Thè not8s fomi part ofthes8 fir￿n{￿OI statem8nts. All incom8 and exp9ndttur6 deTives from continuing ￿lI￿tres. Tho slatsrnenl of Financ481 AclivI￿ indudes 811 gains and losses recognl8ed during the year.

OIL AND COLOUR CHEMISTS ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2024 Unr•8trlctod Rostrlct•d Funds funds 31.1224 Total Fund$ 31.1223 Total Funds FIXED ASSETS Investmènts 100 1CKI CURREwf ASSETS Debtors Cash at bgnk 12 44.605 16,185 44.605 123,291 8.591 113,394 107.106 107.106 167.8 121.985 CREDITORS Amounts falling duè wrthbn one year 13 {22.5891 (22.5891 151.018) NET CURREMT {LIABILITIESI I ASSETS 38,201 107.106 145.307 70,967 TOTAL AsseTS LESS CURRENT LIABIL￿lEs 38.301 107.106 145.407 71,067 NET ASSETS 38,301 107.106 145.407 71,067 FUNDS Unrestricted funds Restricted funds 14 38.301 107.106 {38,7221 109,789 145.407 71.067 These fnanGial slatom¢nts have be8n pr8pared in aco¥)rO8nce th8 4)ecial provisions of Part 15 of tr*e Companies Acl 2006 relating to dHrttablo smo11 compan￿. The Company was entitled to 8xomption trom audit under section 477 of th8 Companies kt 2006 relating to small (X)m￿leS. The membws have not roquir¢d the cijmpany to obtsin an audrt of its x¢ounts for the year ended 31 t)ecemb8r 2024 in acoydance wlh seciion 476. Tho Iwstges acknowledoe Ih8ir responsibl￿ty for c￿mplyIng with the rgquirements of thè Companies Act 2006 wllh wp8Ct to xcounting r￿rdS gnd th& preparatic￿ of the arxounts. I i 2r)ig The financial stslements w8re apwovwj by the Board cl Trusle8s on ...... ... af￿ wwe SI￿ed cffi its b8haSf by: s E Humph ent 10

OIL AND COLOUR CHEMISTS ASSOCIATION MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUPMNG POUCIES Basls of prnparfng the flnanclal statsm•nt8 Thg charity is a private company. limited by guarant8e. and registered in ErwJkgnd aNI Wales. In tha event of th8 charity being W￿n￿ up. Ihe liabilty in rgspect of the guaranteg is limited to £1 per member of the charity. Thg address of 18gi$iered offic is gNen rn the th8rty information on pago l of these fina￿lla1 slatoments. The charity ￿NStitu￿8 a public benafft ontity as defined by FRS 102. The ffinancial statamer havè been prepared in accxxdance with Accounting and Raporting ty Charities: Stalmnt of Recomm8nded Pracknce appIl￿ble lo ¢h8ritiès preparing th8Jr 8¢{￿nts in &cLYdanc8 wlth the Finan¢i81 Rep¢yling Standard appllcable in the UK and Republic of Ireland IFRS 1021 issued in October2019, th& Financial R6porting Standard applicab￿ in th United TrQ"ngdom and Republic of Ireland IFRS 1021, the Charities Ad 2011, the Companies Act 2006 and UK Generally Acc8Pted Practice. Th9 charity has applied Updatg Bulletin l aspublished on2 February2016 and does nrtirKSud8 a cash flow ststoment C￿ the grouTh18 th81 gross In￿ne is b8b)w £SOO,O)O. Th6 fina￿181 statements are prepared on 8 9oiTh3 ¢on¢em basls mdgr the hi8tort(g1 cost convention, modrf￿d to iftclude certain items at fair value. The significant accounting polKi8s applied in th• preparaion of thosè financial statements are $91 out b8low. Theso Poli￿eS have been consistenlly ied to all ￿r$ presontefl unless othern￿$ stBted. prepar￿0￿ of consolldatod flnanclal statem•rt¥ The finarrial statements contain infomi8tion about Oil aThl Colour Chemists A$s￿la110n as an indivKlual chltyand do not contain consolidatet1 financial infomiali¢)n as the parent of a group. Tho charity is exèmpt undar Seclion 39912A) oftheCompanlesAd 20[6 from the rgquirements to pr•pore consolidated financ4al ststements. Inwme All income is recognised in the St8tement of Financial Activities onG8 thg charity has éntitlement to the funds. it Is probable that Iho In¢xme wdl bo raceived, and th¢ amount ¢an be measured reliably. Income k% derNed from the folkn*ing sourcos: Ston$orships- corp(xat8 $ponsornhip monies rec8iv8d from membe Publicalions (lerlved from sale ol ad￿rti$l￿ space in th8 bimonthty Surf￿¢ Coatings InleTnattonal Joumal Mombership T￿bS￿1ptK)n$- annual $ubscript•)n5 (1)argwJ to members. Licence fe8 inex)ma- rnemb8r¥Np fees tharged undwa Licencelee arfawemenlwith a group of member8. Evenls- amounts ￿C81¥sd from centrnlly org8nis8d everts. Otsw tradry aclivilie8- awKunts received In)m rogional se¢tim &venfs. Investment in¢cffte- b￿k interest recelved. GWI old rgCoipts- donat￿n re¢8lved from Surfex Linmted which k8 8 100% sutr6idiary. 11

OIL AND COLOUR CHEMISTS ASSOCIATION NOTES TO THE FINANCIAL sTATEME￿rs FOR THE YEAR ENDED 31 DECEMBER 2024 Expondlturn Liabilitt'es arn r8cognlsed as exp8ndI￿re as SOC￿ as tsrg Is a legal or fYJtK8tructivo obligatl m)miiting th• charity to Ihexpenditure, it is probab18 Ihat a transfer of economic b8n¢ffts will r&]uire(l in setdemant and th8 amount of the obl(gation can be measured reliably. Expendtture. is acojunted foron an accruals basis and has been c1assffj￿d under headings that aggregate all costr8laled lo the Category. Where costs cannot bè dir8cUyattritr4Jted to particular headings, Ihgy have been 8lthat8d to athitbson a basis consislentwlth the use ofresourcfjs. Tlxation The Charity is exempt from corporatit)n tsx on its charitsblè activities. Fund accounting Unrestrictwj funds can bg u8&J in &cordance with the charit￿e Itiethves at the disL¥etion of thg Ixu$to0s. R881ricl8d funds can only bo usgj for parlicular rnstrided J>urrA)$8s within Ihe objects of th& charity. ReslrictK)ns arlse when spe¢ffi&1 by the donN or when ftjtbts are r81sed for paFticul8r restricted purpos8$. Further explanation of th8 nature and purposo of fraGh fund 18 IndudBd In tha notes to the finoncial stslèments. For•lgn currenclos Assets and liabiltlies in foreign ojrrendes ore translated into st8rlMw at thg rgtgs of exchange rullng at tho balance sheet d8te. TransactNJns in for6ign cuNencies ore transted into sterting at the rate of wthange ruling at the date of tran88ction. Exchange differences are tsken into account in a￿l¥Ifig al the opwating resulL Inv¢6tmgnts Inv85tments in subsidiortes are measured at ¢ost1888 imp8irm8nt. VAT VAT is r8covered on expgndrture relatlng tot8Xatle8uppli&s and 0 partial exemptlon ¢l¢ulalion is prepared to ensure recovery of relovant residl￿ input w. Golng cOn￿M The finoncial ststements have been prepared on a going corKem basis as the tntste8s believe Ih8t no material urhcertoinlies exist. The trustees have consid8r8d Ihe18vel of funds held and the exp9clod level of in¢om8 and eXFéndiluro for 12 months from Outhc￿sIng thase financial stat8merbts. The ixjdgeled incorne and expendthjre is sufficl8nt wth the level of reseryey frx the charity to b8 able to conlinue as o going CCfKPm. Cash 8nd cash 8qulvalents Cosh and cash equsval$nts comprise cash on hand and call dopo$its, and othgr short-tsrm highly liquid Invostments Ihatare readity convertible to a known amount ofcash and are suble to an insignificant risk of change in v81ue. Debtors and crndltorn recelvable I payablè withln onè y•ar Debtors and creditors ￿th no stated interest rate arKI receivable ¢x poyabl8 ￿thin one year are rgcord&l al trensaction pricè. Any losses arising from impaimient we r8cognised &xpendrture. 12

OIL AND COLOUR CHEMISTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES 31.IZ24 Total nds 31.12.23 Total funds Unte$trictsd fund• nd8 Sponsorships 25,000 25.LXIO 30.060 30.09) SUBSCRIPTIOMS 31.1224 Total funds 31.1Z23 Totsl funds Unrnstrl¢tsd Unretstri¢tod SCI subsulptions OCCA momt)eTships Li¢on¢e fee inctsne 10,or 15.108 10,006 15.108 2,500 9,389 15.595 2.500 9,389 15.595 2,Y)O 27.614 27,614 27.484 27.484 Th8 Ucsnc8 Fee income is in r8¥ed ofan 8rrangerrthtwlth the South African brgnch. INVESTMENT INCOME 31.1224 Total fvndl 31.12.23 Total fvnd$ Lknr•strf¢tgd funds Unratrid•d funds Deposit account intewt 2.101 2.101 2,221 2,221 l income in tha yearto 31 December 2024 and 2023 retated to urrt81ricted frjnds. RAISING FUNDS Oth•r tradlng actlvYI I 31.12.24 Total nds 31.12.23 Total fvnd$ Unre8trlclort fvnds funds Section$ 8xpen6e8 13

OIL AND COLOUR CHEMISTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITABLE ACTIVITIES COSTS Dlroct ¢osty Unmtri¢t•d Roslrfctsd 31.1224 UNrn•trl¢t•d Rg8trkt•d 31.1223 Dd$ fitnds Tolal funds Totsl Furtds nd5 Publicatons Events Donalio 52,365 14,941 7,740 52.365 14.941 7,740 50.967 19,727 1.170 52,137 20.717 75,¢)46 70.694 2.160 72.854 SUPPORT COSTS Managemont Totsls Oth8r res¢)urcg5 expended 70.417 2.880 73,297 SuppcKt costs, includ8d in the above. are as fc41ow3: Urtr•slrtct•d R￿trIct•d 31.1224 Unr•strfct•d Ra￿l￿d 31.12.23 funds Totsl fund$ funds Totsl Fu•MIs fvnd8 AdMin￿tra￿'0n 57.669 2,683 fJO.352 58,128 75 58,203 Awards c¢)sts Sundry cost5 Accountsn¢y Subscrlpllor Iwtdepend•nt 8xamin&tion fee Travel o)sts 233 4,052 674 4,285 1,283 7.538 796 2.750 1.694 7,415 7,41S 2.880 2.750 956 2,038 70,614 2,683 73,297 4.801 76.893 INDEPENDEMT EXAIIINER REMUNERATION Thg lotal f99 paid lo the Indytht Exarninw w88 £2,880 {2023.. £2.7501. 14

OIL AND COLOUR CHEMISTS ASSOCIATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REMUNERATION AND BENEFwf8 Thar8 were no Iru$tees' remun8r8tion or other b8fbefits for tho year ended 31 December 2024 nor for tho yegr ended 31 December 2023. Trust•es' expenses No trustaès (2023: nil} wgre ￿m￿r5ed ex￿se8 duriw the year (￿23.. £nlll. 10. STAFF COSTS Thoro ar9 no ejnployees whi receiv8d total wnployee benefits of mcyo than £60.00012023 ". £Nill. There warè no employees dvring the year exduding direct￿$ ond voluntary staff12023 .. Nil}. 11. FIXED A88Ef INVESTMENTS Shares In grL>UP undwtalElng* IAARKEf VALUE Al 1 January 2024 and 31 D￿rnber 2024 100 NET BOOK VALUE At 31 08cemb8r 2024 100 At 31 December 2023 100 Th¢r& wore Th) investment assets oulst(1o tho UIL The (#)mpany's inveslrnerbts at thè bslance sheet date in th8 share cai¥tal of c¢Nnpanies include the following- Surfex Limited- Compsny Number 02745686 Naknre of l)u$inos$: The organisation of txhbilions Class of Sh￿fj: Ordinary holdlng 100 31.12.24 31.12.23 Tumover Total 0x￿￿j1tUrg A￿3regate capital and resgrvgs (Lossyprofit for the year 155.9)5 145,143 1,308 11,2081 11.308) 10.762 15

OIL AND COLOUR CHEMISTS ASSOCIATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1124 31.12.23 Trad8 debto Amounts owed from group undertakings VAT 6.043 38,971 4,981 2.548 44.605 8,591 13. CREDITORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trado crgdilors Amounts owed to group underlakin Accruals & defefred income 14,140 2,982 28,841 19.195 8,449 22,589 51.018 A￿u81$ and defeffed incomtr indudes amounts recèived bythe companyin raspectof Ffepaid subscriptions at 31 December 2024 of £1,13012023 '. £6.059}. 16

OIL AND COLOUR CHEMISTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUND8 At 01.01.24 Not movemgnl In fvnds At 31.1224 Unr•strl¢tsd fund Genoral fund Kekwick Award Benèvolent Fund Jordan Award 159.1921 11,732 7,530 1208 77.023 17,831 11.732 7,530 {38.7221 77,023 38.301 Rostrl¢tsd fvnds Tho Ellinger Gardcryi Fund 109,789 12.6831 107,106 TOTAL FUNDS 71.(67 74.340 145,407 Net movomlnt in frjnds. Includgj in the ab)vo as follcM¢s: Inmmlng Ruources Trnnsfers bel￿0 fund• Movom•nt In funds •xpgnd Unr•strld•d lunds General f(Thl 222,683 (145,th)) 77.023 Rgstrlct•d funds The Ellinger G8rdonyi Fund (2,683) 12,6831 TOTAL FUNDS 222.683 (148,343) 74,340 Unmtrtctsd funds The Kekwick Award and Benevol￿t Fund are long standing arT8ry&Thents wllh the alm of $upporting educational developmer1tv￿thrn the coatings Industy. This is in lin8Wbth th8 general purwJ5e oflhe a8socialion's activitie8 and no speofiGtronsadi)ns have been allocate(l against these funds in recent years. 17

OIL AND COLOUR CHEMISTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Icontlnu•dl Rastrl¢ted fund# The purpose of the Elliiger G81th￿y1 Fund is to fadlitate prOMotic￿ of the educalion ond SUPF(Jrt of future chemists. MOVEMEKf IN FUNDS Comparatlves for rnovemmt In funds Net At 1.123 In fund• At 31.1123 Unrestrlcted funds Gen8rBI fund Kokw￿k Awar(1 Benèvolent Fund Jordars Award {2,6521 11.732 7.530 1.208 (56,540) 159,1921 11.732 7,530 1,208 17.818 156,5401 138.722) R•$trld•d funds The Ellinger Garfonyi FuThJ 116.750 16.961) 109,789 TOTAL FUNDS 134,568 163,$011 71,067 Net mov9menl in fuThJs. InckJd￿ in the above are a5 folluws: Incoming R•8our¢os Rwourc•s Trnnsfern Mov8rn8nt lfi expended belwo8n funds funds Unrnstrlct•d funds Genernl fund 88.249 {142,789} 156.5401 Restrl¢ted funds The Ellinger Gardonyi Fund 16.961 I6,￿1) TOTAL FUNDS 86249 (149,750) {63.51)1) Rgstrlcted fund8 During tho yearlhe Ethel Behrens fund wa8 transferred to Ihe general fijnd, brthe pury)ose of furthering th8 9￿￿181 aclivitles ol the charity. The purpose of th8 Ellinger GardOn￿ Fund is to facilitate pr&no11￿ of the education and suprmyt offtrture themists. 18

OIL AND COLOUR CHEMISTS ASSOCIATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2024 15. ULTIMATE CONTROLLING PARTY The tharitablo company 1$ und8r th8 ()ntrol of the Trustses. 16. RELATED PARTY DISCLOSURES During the year to 31 DBcemb8r 2024, oxp8ndibJre was Incuftgd from the folkwing partie$'. Ms A M Ethgrfft￿ a director of Swfex Lwnited. whkh Is o wholly owned subsTdlary of Oil and Colour Chemi As80¢ialion, and Kaleidwo Colows Limiled. Costs of £31.250 12023: £32,09)l from Kaleith)soJpe Cobufs Limited for adminislration, bcokke8ping, consullancy and adverbsing sgrvrc8S. Atthe balance sheot d8te Oil and C(Aour Chemists Association OY￿￿ £3.000 (2023.. £2,100) to Kal8KJoscope Colours Limited.