Charlty Reglstratlon No. 1179467 BRITISH SOCIETY FOR GEOMORPHOLOGY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Lentells Chartered Certified Accounianis BRITISH SOCIETY FOR GEOMORPHOLOGY LEGAL AND ADMINISTRATIVE INFORMATION Tw$t•¢$ Dr Elizabeth Dingle Dr Hywel Grffiths Dr Anne-marie Ockelford Dr Christopher Had(ney Dr Fiona Caithness Dr Harry Sanders Dr Stuart Grieve Dr Matilda Biddulph Prof Stephen Rice {Appointed 8 February 2024) {Appointed 5 September 20241 (Appointed 5 September 20241 (Appointed 5 September 20241 (Appointed 5 September 20241 (Appointed 5 September 20241 (Appointed 5 September 20241 Prof lan Carvfy Dr Morgan Jones Dr Richard Brx)throyd (Honorary Treasurerl Dr Oliver Grant Dr E Shuttleworth Charity number (England and Wales) 1179467 Independent examiner Lentells Limited Ash House Cook Way Bindon Road Taunton Somersel TA2 6BJ BRITISH SOCIETY FOR GEOMORPHOLOGY CONTENTS Page Committee report Independent examine¢s report ststemenl of financial 8¢tiwties Balance sheet Notes to the finan￿al statements 10-17 BRITISH SOCIETY FOR GEOMORPHOLOGY COMMirrEE REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Thè Trustaès pr8sent their annual reKK)rt and financial statements for the year ended 31 Decembèr 2023. The financial stslemenls have been prepared in accordan￿ with the accounting policies set out in note 1 to the financial slalements and comply with the chartvs goveming document. the Chanties Act 2011 and "Accounting and Reporting by Ch8rities'. Stslernenl of Recornmended practi￿ applicable lo Gharilies preparing their 8Gcounls in 8c¢ordan¢e with the Finan￿al Reporting Stsr￿8rd applicable in the UK and Republic of Irel8nd IFRS 1021. (effective 1 January 20191. Objectives and activities The charity Is established to a¢jVan￿ research. educakn.on and professional practice in the ￿le￿￿ of geomorphology, in particular.. through the promotion of research.. by the formation of working parties dealing with co- operakn've projscls.. by the publication of Ihe results of such research.. by the holding of meetings.. and by cooperating with kindred organisations. The charity's vision is to ensure geomoTphology as a discipline plays a leading role in developing knowledge and understanding of the ¢hanging natural environment and its relationship with so¢iety. The trustees Confim that they have referred to the guidan￿ ¢ontained in the Charity Commission general guidance on public benefit when ￿VIewIng the tharity's aims and objectives and in setting the grant making policy for the year. The charity's mission is lo advance the 5cAence of geomorphology, promoting the discipline, and providing a ommunily and services for those involved in geomorphol¢yJical education teaching, research, application and to those who have a passion for geomorphology. The charity achieves these missions through the award of small granls. primarily to poslgraduales, earfy career researchers, and other higher education and professional practitioners., through support for organisation of and attendance at, scientific and educational meetings, through sponsorship of working groups,. through the publication of the results of research in books including the online Geomorphological Techniques and, especially, through its Journal, Earth Surface Processes and Landforms. published in association wth Wiley,. and through the maintenance of an open access website. These activities are overseen by five Sub-comrnittees of the Executive Committee. Grants are awarded on an open competits.ve basis twice a year. Recipients of grants are required to report lo the relevant Sub-committee on the supported ath"vrties. The Charity is in the form of a Society open for membership to anyone wtth an interest in geomorphology. The Trustees have paid due regard to guidan￿ issued by the Charity Commission in deciding what ath'vities the charity should undertake. Achlevèmants and performance Al the end of calendar year 2024 the Souety u)ntinued lo exceed its target reserves,. cash on hand was £87,172.39 against a target reserves balance of £89.105. There was a buildup of £4.355.36 across the calendar year. The Society's financial strategy in 2024 was to implement a 'breakeven' rr￿e1 of inLx)me and expenditure,. il was anticipated this would be achieved by reducing the total amount available for research-relaled grants lo £35,000 (from £50,000 in 20231. We o)ntinue to implement the 'breakeven' model and will be in a stronger position to reflect on the level of success in the next reporting cycle. The Annual General Meeting The Societls Annual Meeting was hosted by LoughtrKJrough University in earfy September 2024. 11 was very well attended and is to be regarded as a success. The meeting incorporated the second Cuchlaine King Symposium, which was themed on 'Extreme Events in Geomorphology. The symposium strengthens links with the Society's publishing affiliate, Wiley, encouraging meeting participants and the wider membership and geDmorphological community lo contribute to an associated Special Issue of Earth Surface Pro￿sseS and Landforms. The Society subsidises the Annual Meeting and was invoiced for £5,004.18 in December 2024. For referen￿, the recipients of the Society's various awards for 2024 were.. Sanjeev Gupta ILinton Award), Aexander Neely Imike Kirkby Award), Georgina King (Gordon WaThwck Award), Athena Eftychiou (Marjorie Sweeting Award), and Anya Leeman IDick Chorfey Award). In addition, the Society was invoiced £18,293.74 for the 2023 Annual Meeting. BRITISH SOCIETY FOR GEOMORPHOLOGY COMMirrEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grant Disburs8m8nt andAwards One of the main activities of the Society consists of providing grants to support research and outreach and facilitate conference attendance, especially to postgraduate and eady career researchers. The Souety also provides funding to support geomorphological sessions at suentific Conferen￿ in the UK and abroad, and it has awarded prizes to individLJals to mark pa￿CUlar achievements. Grants and awards a￿ competitive. with the selection process being overseen by Ihe relevant Su￿1MMitteeS le.g.. Research S￿￿CoMMittee and Outreach sub-committees for research and oulreach granis, respecknvelyl. Outreach sU￿)mmittee for outreach grants). An overview of grant disbursemenl is found in the 'Financial review, secbon of this rerx> Postyraduate Development The Society's main Postgraduate Development activity is the December Windsor workshop, which consists of a series of training courses aimed at new postgraduate ￿searcherS. The workshop is subsidised by the Society, and the Intemational Assooation of Geomorphologisis offers financial SUPPDrt for international students. Another well- attended and SLJccessful workshop was run in December 2024, and the total cost to the Soaety lafter income from registration) was £7,906.93, including venue hire fees and volunteer expenses. Enhancing the reputation of the BSG The Society continues to develop its international profile through sponsorship and co-sponsorship of sessions at conferences, induding those hosted by the European Geosuences Union IEGUI. These sessions sometimes run jointly with other allied soaeties including the Quatemary Research Association, and the Royal Geographical Society Iwith IBG,. RGS-IBGI. The Souety has an avenue for members to become Chartered Geomorphologists, CGeog (Geomorphl via the RGS-IBG. This is the professional status qualification for those with competences, experience and professionalism in the field. BRITISH SOCIETY FOR GEOMORPHOLOGY COMMirrEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal rovlèw The aclivities oudined above are wssible thanks to membership subscriptions and the annual Wiley grant and royalty payments in relation lo the Society's academic joumal Earth surfa￿ Pnxesses and Landfom?s, whose title is jointly owned with the S(Kiety. The Society inCu￿ed a small operating cost in 2024, primarily due to the commitment of unpaid committee members, and a mi)del of substituting in-person committee meetings with virtual alternatives committee expenses totalled £895.75 for the year. We employ a Financial and Administrative Assistant part-lime, and this incurred an overall expendilure of £8.(MH.52. Annual surplus and cash flow Totsl income in the year was £85,434.67 and expenditure was £82,108.03, generating a buildup of £4,355.36. Al the end of the 2024 reporting peri￿. the Society held £60,906.44 in its current account and £26,265.95 in ils PayPal account. True cash reserves were therefore £87.172.39, and overall reserves were £128,478.43 induding externally held investments. Income from membership subscriptions was £8.667.67. down from £10,117.31 in 2023 (£8,902.92 in 2022 and £8,331.16 in 20211. This remains a relatively low income compared lo 115 pre-covid peak1£19.429 in 20191 and is because the Society's membership fees remain low lo encourage steady growth of the membership b8se. Income from Wiley in the fom of 8 bllxk grant. and royalties alta¢hed lo the So¢iety's joumal Earth Surface Pro¢esses and Landforms, decreased slighvy in 2024. amounting to £76.767.00 compared lo £79.193.52 in 2023. a decrease of £2,426.52. The operational costs associatèd with running the Society in 2024 were £18,272.99, a de¢rÈasg of £1,806.90 compared to 2023. This includes the second sponsorship payment lof £5,000) from the Society to thè Royal Geographical Soci8ty-affiliated 'Fi Wi Road" intemship programme, which provides support for Black and mixed- Black heritage students in building neh¥orks, Vol￿ and experien￿ within geographical disciplines. It continues to be itemised as a miscellaneous cost in 2024 but may be attached to a separate budget heading next year. Other "running costs. include committee expenses, employment of the financial and administrative assistant, and addits'onal MIs￿lIaneoUS expenses Iliability insurance, accounting costs. bank fees, etcl. In 2024, the Society disbursed £36,413.00 to support research, atiendance at saentific conferences, working groups and worf(shops, mosuy to postgraduates and eady career researchers. The total amount available for research-related grants was reduced in 2024 to £35.000- this deasion was made to achieve a breakeven budget. ReSe￿e and Investment Accounts and reseThes policy Al the end of 2024 the value of our Jupiter Ecology Fund Investment was £41,306.04,. this investment had increased in value by £1,027.96 over the course of the year. At the end of 2024, the Society's available funds stODd al £128,478.43 (£140,297.92 in 2023, £157,611 in 2022). The Society the￿fOre maintained a surplus of £39,373.43 above its target reserves balance of £89,105. However, given that the vast majorty of the Society's income is received in Spring li.e. the two Wiley payments) and expenditure is distributed more evenly throughout the year, il is useful to reflect on the available funds at the 'low point. of the year- this occurred on 14 April 2024, al which point the Society held £106,101.52 in available funds. which was £16,997.52 above the target reserves level. The Treasurer and wider Finan￿ Sub-committee will continue to closely monitor income and expenditure, with a view to ensuring that, ideally, the Society's available funds do not dip bel¢)w the tsrgel reserves level al the Spring low point. Members of the Executive Corllmittee met with the Society'5 accountsnls in 2023 to discuss the appropriateness of the current target reserves level was decided that the current level 15 appropriate under the current ¢ir¢umslances. but that increasing this slighdy (to -£100.0001 could further improve resilience 8nd would be prudent given th81 the So¢iety's opewlional ¢osts, and the various a¢tivities Ihal il supports. are not immune lo inflationary pressures. The Society's ￿serveS poli¢y may be updated in due Course to reflect an uplift and will Continue lo be reviewed annually. No a¢tion was tsken to update the tsrget ￿serveS in 2024. BRITISH SOCIETY FOR GEOMORPHOLOGY COMMirrEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Risk managamantpolicy The Executive Committee has reviewed and keeps under review the risks faang the Soaety and has in place the necessary poliaes to mitigate those risks. Forecast income and expenditure 2025 and beyond The Society retains a surplus. The impact of the Covid-19 pandemic on the Society's ability to disburse grants and financially support various other activities has now diminished. signalled by renewed interest from members in the Society's various grant offerings. and healthy attendance at re¢ent meetings and workshops. including th& Windsor Workshop, and CPD-fo¢used events organised by the Professional Geomorphology Sub-committee. The Society's financial position will ¢ontinue to be regulady reviewed by the Treasurer and dis¢ussed at Finan Sub-committee and Executive Committee meetings. We will intend trj work towards b￿akeVen in¢ome-expenditure in 2025. The Society remains largely dependent on Wiley and our ioumal, Earth Surface Processes and Landfom)s, for its income., combined, these sources represent -90% of the Society's income. For now, this income stream remains generally stable. However, a fijture shift by Wiley to an Open Access publishing model is almost certain and given the uncertainty that this mighl create, Ihe Soaety is exploring ways to diversify ils income and adapt expenditure to increase future financial resilience. Membership of the Society continues to p￿sent excellent value for money given ongoing access to grant opportunities, reduced registration rates for Ihe Annual Meeting, neiwork-building initiatives, and a growing range of activities that promote and advan￿ geomorphology through research, education, and the dissemination of knowledge. As previously communicated and agreed during the Annual General Meeting, the Society will implement an increase to membership dues, effective 1st January 2025. This is to reinstate pre-covid membership dues, plus a further rise of -10.10 to reflect wider irfflationary pressures. We will Introdu￿ a staggered membership model with the aim of reducing financial barriers lo inclusion and attracting members from underrepresented countries. Vve retain a posf(ive oull(KJk for 2025. We expect in¢xJme to increase slighuy due to the adjustments in membership subscription rates, whilst expenditure will broadly balance against income. It is anticipated that any surplus will be retained and used to increase our reserves. As above. the Society's finan￿S will be discussed al various points in 2025, budgets for the followng year will be remewed and agreed prior to Christrnas. structure, govemance and management The BSG is a charitable incorporated organisation registered on 6 August 2018 under charity number 1179467. The governing document is the charity's constitution registered on the same dale. Ils addres5 15 clo Royal Geographical Society {wilh IBG), 1 Kensington Gore, London SWI 2AR. BRITISH SOCIETY FOR GEOMORPHOLOGY COMMirrEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Thè Trustaès who served during the year and to the date of signattjre of thè financial statèments werè.. Dr. Richard Williams Prof Heather Viles Dr Hannah Williams Dr Sarah Louise Callard Dr Matthew Wesloby Dr Elizabeth Dingle Dr Lucy Clarke Dr Hywel Grffiths DrAnne-Marie Ockelford Dr Christopher Hackney Dr Fiona Caithness Dr Harry Sanders Dr Stuart Grieve Dr Matilda Biddulph Prof Stephen Rice Prof18n Candy Dr Morgan Jones Dr Richard Boothroyd (Honorary Treasurer) Dr Oliver Grant Dr E Shuttleworth {Resigned 8 Febnjary 20241 {Resigned 5 September 20241 {Resigne(15 September 20241 {Resigned 5 September 20241 (Resigned 5 September 2024) {Resigned 5 September 2024) {Appointed 8 February 2024} {Appointed 5 September 20241 {Appoinled 5 September 20241 {Appointed 5 September 20241 {Appointed 5 September 20241 {Appoinled 5 September 20241 {Appointed 5 September 20241 There rnusl be between eight and fourteen charity trustees (currently 141. The trustees retire by rotation. Information pertaining lo the Society's consb"lulion. finan￿. ethics. and data protection and security policie5 are publicly available on the Society'5 website, which is wnairrtained at eomo holo .or The Society is led by the President. and managed by the Executive Committee which nomally meets three times each year. The Exe¢utive Committee membership ¢omprises." the President and five principal offi￿r$ of the charity (Chair, Senior Deputy Chair. Junior Deputy Chair, Hon. Se¢retsry and Hon. Treasurer), plus three Vi¢e-Chairs (Research, Publications, out￿a¢h) and three Ordinary Se(xetaries (Research, Publications, Oulrea¢hl. Al Executive Committee meetings, postgraduate members a￿ represented by one or MO￿ of the three elected postgraduate representatives. There are five Sub-committees Con￿Med wth= Research. Education & Outreach, Publications, Finance, and Pmfessional Geornorphology and Practice, as well as a Poslgraduale Forum. Together, these Sub-committees drive the missions of the Society and report to the Executive Committee. There is an EDI worf(ing group with membership drawn from the Executive Committee. The day to day running of the Charity rests with the Executive and Sutrtrcommittees but in practice falls largely to the Chairs. Honorary Secretary, and Honorary TreaSU￿r. suprx)rted by a part-time administrative and finan assistant. Richard Boothroyd Signed on 23 October 2025 @ 11:47 J M Farkas Countersigned on 27 October 2025 @ 08:00 BRITISH SOCIETY FOR GEOMORPHOLOGY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted funds 2024 Unrostrlcted funds 2023 Notes Income and endowments from: Donations and lega¢ies Other income 33.921 51,514 36.882 52,429 Total in¢ome 85.435 89,311 Expenditure on: Charitsble 8¢tivities 82.107 125.700 Total expenditure 82,107 125,700 Net gainslllossesl on investments 11 1,028 4,021 Net incomellexpenditurel and movement in funds 4,356 132,3681 R8eonclllatlon of funds.. Fund balances at 1 January 2024 198,319 230,687 Fund balan¢e$ at 31 De¢ember 2024 202,675 198,319 The statement of financial activities includes all gains arKI losses re¢(yJnised in the year. Al income and expenditure derive from ¢ontinuing activities. Richard Boothroyd Signed on 23 October 2025 @ 11:47 BRITISH SOCIETY FOR GEOMORPHOLOGY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollelès Charity infomiation The British Society for Geomorphology is a Charilable Irlcorporatéd Organisation ￿gISt&r￿ with the Charity Commission on 6 August 2018 INo.11794671 and the goveming document is its constitution last amended 6 August 2018. Its address is do Royal Geographi(31 So(iety Iwtth IBGI . 1 Kensington Gore, London, SW7 2AR. 1.1 Accounting convention The finan¢ial statements have been prepared in accordan￿ with the Charity's goveming document, the Charities Act 2011, FRS 102 "The Financial Reporting Siandard applicable in the UK and RepLJblic of Ireland. and the Charities SORP "Accounting and RerK>rbng by Charits'es." Statemenl of Recommended Practi applicable to charilies p￿paring their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Public Benefil Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP lor charities not to prepare a statement of cash flows. The finanaal ststements have departe(J from the Charities lAC￿￿nts and ReKK)rtsl Regulations 2008 only to the extent required to provide a tme and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Ststement of Recommended Practice which is referred to in the Regulations but which has Sin￿ been withdrawn. The financi81 statements 8re prep¥red in stsding. which is the functional currency of the charity. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention, m￿lfied lo include the revaluation of investments at fair value. The principal accounling poliues adopted are set out below. 1.2 Going concern Al the time of approving the finanual slatements, the Trustees have a reasonable expectation that the charity has adequate reSoUr￿S to continue in operalior)al existen￿ for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial stalemenls. 1.3 Charitable funds Unrestricted funds are available for use at the dI￿retIOn of Ihe Trustees in furtheran￿ of their charitsble objedives. 1.4 Income Incorne is recognised when the charity is legally enb.tled to it after any perfomianL% conditions have been mel, the amounts can be measured reliably. and it is probable that In￿Me wll be received. Membership and other income is recognised a5 income in the year of receipt. as are other donations and fees. Dividends, Bank and Building So¢iety interest are apportioned between funds with referen¢e to the balance on oa¢h fund al Ihg b$ginning of the year. 10- BRITISH SOCIETY FOR GEOMORPHOLOGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised On￿ there is a legal or construclive obligation to transfer econornic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each aclivity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direcuy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those aclivits.es on a basis consistent with the use of resources. Central stsff costs are allocated on the basis of lime spent. and dep￿ciall0n Charges are 8IIoc8led on the wrtion of the 8ssel's use_ Expenditu￿ and irrecoverable VAT Grants paid a￿ all induded in the SOFA when the grant is approved and paid. rf the award Creates a binding obligation. All other expenditure on charitsble activities is generally recognised when it is incurred as is a¢¢ounted for gross. 1.6 Flxed ass8t Snvestments Fixed asset investments are inttially measure(J at transaction Pri￿ excluding transaction costs, and are subsequently measured al fair value at each rewrting date. Changes in fair value are recognised in nel incomellexpendilurel for the year. Transaction costs are expensed as incu￿ed. Investments held for long lemi capital growth are dasstfied as Fixed Asset Investrnenls, and are shown on the balance sheet al market value al the year end. Investment income is accounted for in the year in which the charity Is entitled lo the re￿ipl. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Flnan¢ial instruments The charity has elected to apply the provisions of Section 11 'Basic Finanual Instruments, and Section 12 'Other Financial Instnjments Issues, of FRS 102 to all of ils financial instnjments. Financial instruments are recognised in the chariWs balan￿ sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, wth the net amounts presented in the finanaal statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to setue on a net basis or to realise the asset and settle the liability simullaneously. Basic financial assèts Basic financial assets, which include deblors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitules a Iinanung Iransaction. where the transaction is measured at the present value of the future re￿iptS discounted at a market rate of interest. Financial assets classified as receivable wthin one year are not amortised. 11 BRITISH SOCIETY FOR GEOMORPHOLOGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Basic financial liabilitlgs Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payrllents discounted at a markel rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequenlly carried at amortised cost, using the effective interest rale method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dasstfied as current liabilities rf payment is due within one year or less. If not, they are presented as non-current liabilities_ Tr8de creditors are recognised initi811y al Ir8ns8ction price and subsequentty measured at amorts.sed cost using the effective interest method. Derecognition of financial liabilities Financial liabilitses are derecognised when the ¢*arty's ￿ntraCtual obligations expire or are discharged or ancelled. 1.9 Employee benefits The cost of any unused holiday entidewnenl is rec(NJnised in the period in which the employee's services are received. Temination benefits are re¢ognised immediately as an expense when the Charity is demonstrably Committed to terminate the employment of an employee or to provide temiination benefjts. Critical accounting estimates and judgements In the application of the chari￿$ a¢¢ounting wlicies. the Trustees are ￿QuIred to make judgements, estimates and assumptions about the Carrying amount of assets and liabilities that are not readily apparent from other sour¢es. The estimates and associated assumptions are based on historical experience and other factors that are Considered to be relevant. Actual results may differ from these estimates. The estimates and undedwng assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the peri(￿1 of the revision and fijlure ￿riOdS where the revision affects bDth current and future periods. Other in¢ome Unrestricted Unrestricted funds funds 2024 2023 Royalties 51,514 52,429 12- BRITISH SOCIETY FOR GEOMORPHOLOGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Donatlons and l•gael•s Unrestricted Unrestricted fund$ funds 2024 2023 Grants receivable Membership fees 25,253 8,668 26,765 10,117 Description of charitable activities Research The research tharTtable actr￿treS drive the research missions of the Society, The Committee coordinate the programme of rneelings, ￿nferen￿ swjnsorship, research grants and awards administered by the Society. The committee make ￿¢0mmen¢jats.0n$ on the award of Society grants to individuals for specific ￿searCh activities lo be undertaken. Public8b'ons The publi¢alions activities of the s￿Iety involve approving publications and other outputs. maintenance of the So¢i&ty website and reporbng on activities within the Sooety on the website and via social media. It is r8sponsiblè for promoting th8 Souety joumal, Earth Surfac& Pmcessès and Landfom?s, and for Socièty liaison with Wiley Publishers. Education & Outreach The education activities of the s￿ietY involves promoting and developing aspects of Soaety business that link it to the wider world, in parbcular through education and activities that encompass business, industy and society. It addresses issues relaling to education, membership, marketinglpLJblicity, chartered status and process lcGec￿ (Geomorphll, extemal relalions. industy and community Iwider audience) and professional matters. 13- 0￿00 c400 (9￿0 ocqvo BRITISH SOCIETY FOR GEOMORPHOLOGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocat￿ to actlvltl•s 2024 2023 Staff costs Subscriptions and EGU costs Executive Committee expenses Office services and expenses Liability and Charity Trustee insuran Bank and PayPal charges Processing fees Independant examination 7,239 1,072 896 264 914 220 7,260 1,069 541 262 695 84 1,181 3,240 2,075 12,680 14,332 Analysed between: Charitsble activities 12,680 14.332 The support ¢osls are allocated to the reseaT¢h charitable a¢tiwties as wilhoul these ongoing research projects the Society would not incur such support costs. Trustees None of the Trustees (or any persons connecled with them) received any remuneration during the year, but expenses reimbursed to all members of the Executive Commiliee amounted to £89612D23'. £5411 in respect of travelling and committee meeting expenses. Grants payable Research grants. ESPL awards and ECR grants Research grants and awards are rnade 10 5pectfic indiwdua15 and insb"tutions. During 2024 these lotalled 25 8wards12023.. 28 awards). 10 Employees The average monthly number of employees during Ihe year was: 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries 7.239 7,260 A defined contribution pension scheme is made available to all eligible employees. The employer cost of this scheme is shown above. There We￿ no OLrtstanding liabilities at Ihe year end. 15- BRITISH SOCIETY FOR GEOMORPHOLOGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employees (Continued) There were no employees whose annual remuneration was more than £60,000. 11 Galns and losses on Investments Unrestricted Unrestricted funds funds 2024 2023 Gainslllossesl arising on.. Revaluation of investments 1,028 4,021 12 Taxation The charity is exempl from taxation on its activities l￿V$e all its income is applied for Charitable purposes. 13 Fixed asset investments Listed investments Cost or valuation Al 1 January 2024 Additions 40,278 1,028 Al 31 De￿mber 2024 41,306 Carrylng amount Al 31 De￿mber 2024 41,306 Al 31 December 2023 40,278 Fixed asset investments valualion= The UK quoted investments are revalued to martet value annually. The historical cost of the units held at 31 December 2024 would be £15,667. 14 Debtors 2024 2023 Amounts falling due within one year: Other debtors Prepayments and accrued income 76,767 324 79,194 331 77,091 79,525 16- BRITISH SOCIETY FOR GEOMORPHOLOGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Flnanclal Instrumènts 2024 2023 Carrying amount of financial assets Debt instruments measured at amortised cost Equity instrumenis measured at cost less impaimient 76,767 41,306 79,194 40,278 Carrying amount of financial liabilities MeasLJred at amortised Cost 2,894 21,504 16 Creditors- amounts falling due within one year 2024 2023 Accruals and deferred income 2,894 21,504 17 R¢lat¢d party tran$a¢tlon$ The charity considers its key management personnel comprise the Trustees. The lolal employment benefits, including employer's pension contn"butions of the key management were £Nil12023.. £Nill 17-