## **Trustees’ Annual Report for the period** **From 2[nd] May 2023 To 31[st] March 2024 Charity name: Royal Geological Society of Cornwall** ## **Charity registration number: 1202892** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the CIO are to advance the
education of the public in the subject of
geology and allied sciences with a special
reference to the mining interests of
Cornwall.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The society carried out a very active
monthly lecture programme during the
period. A very varied range of earth
science related topics were covered. Most
meetings were held on Zoom, and were
open to everyone, not just members.
The society’s website is used to publicise
meetings and also provides the necessary
meeting Zoom link to the public.
Four meetings were held in person, plus
the AGM in February 2024 and again all
these were open to the public. These were
three field meetings. These are mainly
intended for members, but non-members
may attend on payment of a small fee.
The society also has an active Facebook
page with over 750 followers, generating
very many posts and subsequent
discussions and expansions on the subject
of local geology.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Trustees have had regard to the
guidance issued by the Charity
Commission on public benefit. In their view
the activities of the society during the
period have been in accordance with this
guidance.| **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference **n/a** Para 1.38 Policy on grant making **n/a** Para 1.38 Policy on social investment including program related investment **n/a** Para 1.38 Contribution made by volunteers **n/a** Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The society focuses its efforts on education
on a wide range of geological topics. The
combination of the lecture programme
detailed above together with on-site field
visits has benefited both the members of
the society and those members of the
public who have joined the meetings. In
particular, close links with local schools,
colleges and Camborne School of Mines
have been maintained.
Lectures were as follows:
a. Weds 29thMarch 2023 – ‘Your
Resources- Your Future’ young
people’s conference in person at
Lys Kernow.
b. Weds 3rdMay 2023 – online
discussion of the young persons’
event to review results of the
outcomes and voting pattern.
c. Weds 21stJune 2023: Dr Katherine
Hadler, Director of the European
Space Resources Innovation Centre
‘Mining in Space’.
d. Weds 19thJuly 2023:_-_David Dew
‘Biomining Technologies’, an in-
person event at Penryn Campus
with refreshments & social
afterwards.
e. Weds 20thSeptember 2023:
f. Weds 18thOctober 2023: joint
meeting with Cornwall
Geoconservation – Nature after| |Minerals by Catherine Cullen of the|Minerals by Catherine Cullen of the| |---|---| |RSPB. The|link for the zoom| |meeting this evening did not work,|| |so this was re-scheduled for|| |Thursday 9thNovember|| |g. Weds 22nd November 2023: A visit|| |to The Royal Institution of Cornwall|| |at Truro Museum to consider the|| |future of the Rashleigh Gallery. A|| |joint meeting with Cornish|| |Engineering|| |h. Weds 6thDecember 2023: Stephen|| |Lay ‘The Dark Side of Mining – a|| |Cornish Cousin Jack’, held in person|| |at Penryn Campus, University of|| |Exeter, followed by Christmas|| |social & refreshments.|| |i.
Weds 17th|January 2024: Dr| |Schweta Dalal, on Planetary|| |Geology|| |j.
AGM 17thFebruary 2024: John|| |Gluyas, Sustainable Earth and the|| |Energy Transition, held in person at|| |St John’s Hall Penzance|| |k. Weds 20th|March 2024: Prof| |Matthew Blackett, on the influence|| |of climate change on volcanic|| |activity. A joint meeting with RGS|| |Southwest, held in person at|| |Penryn Campus|| |Three field trips were held over the summer|| |and the trustees are grateful to the members of|| |the Society who have led field visits over the|| |past year.|| |On Sunday 2ndJuly David Davis gave a thorough|| |historical and current review of the sea|| |defences at Marazion and their relation to the|| |geology and land use of this coastal zone. This|| |was well-attended and was followed by social|| |time in the sailing club|and local cafés.| |The president, Prof. Frances Wall and|| |Alexandra Sweeney, led a pleasant, if wind-|| |blown, visit to Cligga Head to view the greisen|| |veins formed c. 270m BP and the mine|| |workings on the surface. Again this was well|| |attended and one of the younger members,|| |Jack Knight submitted a report based on the|| |field visit to Rockstars Rockwatch which won|| |first prize in the Rockstar Young Writer (16-18|| |years) category|| |The final field trip of the year was to Bude,|| |‘Readingthe Rocks’,led byElle Allen,on|| Sunday 15[th] September, to study the impressive formations and discover the geological history of this area. Blessed with good weather, another good attendance joined this enjoyable day ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|The society aims to hold a lecture or field
meeting every month if possible. During the
reporting period, 10 lectures were held and
3 field visits.| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|**n/a**| |Investment performance
against objectives|Para 1.41|**n/a**| |Other||The CIO was registered on 2ndMay 2023.
This is the first annual return. Prior to this,
RGSC was an unincorporated charity and
the assets of this unincorporated charity
were transferred in full to the CIO on its
registration.| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|A deficit of £1,103 was reported for the
period. This was the first reporting period
for the CIO and the £29,749 ‘cash funds at
last year end’ figure in the receipts and
payments account represents the asset
value (held as cash) transferred to the CIO
from the old unincorporated charity on 2nd
May.
Income is primarily from membership
subscriptions and some bank interest. Most
annual membership subscriptions are paid
on 1stApril. £820 of subscriptions paid on
1stApril 2023 to the unincorporated charity
were therefore included in the asset
transfer value on 2ndMay rather than in the
CIO receipts and payments account. The
income reported is therefore not
representative of a full year’s income.
Recurring expenses include membership of
and insurance paid to the Geologist’s
Association, other insurance (including
public liability) and website hosting costs.
The transfer to a CIO from an
unincorporated charity resulted in non-
recurring legal fees of £662.
The reported deficit can therefore be
largely attributed to the timing of the
payment of membership subscriptions
before the CIO’s registration and the non-
recurring legal fees to create the CIO.
The RGSC held cash reserves of 28,646 as
at 31 March 2024.
Note that accumulated website hosting fees
from 2022 to 2024 averaging approximately
£170 per annum are owed to the Treasurer
having been paid from his personal account
in US$. An invoice for legal costs relating to
the CIO formation of £1,152 is also due to
the Treasurer having been paid from his
personal account. If these amounts had
been paid in the accounting period, then
the reserves would have been
approximately £27,000 as at 31stMarch
2024.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The reserves are held as cash at bank, with
£20,000 in a deposit account earning
interest. The Trustees regard cash as a
low-risk investment and accept that low risk
also means low return. Having immediately
available liquid funds is considered
important.| |Amount of reserves held|Para 1.22|The RGSC held cash reserves of £28,646
at 31 March 2024| |---|---|---| |Reasons for holding zero
reserves|Para 1.22|**n/a**| |Details of fund materially in
deficit|Para 1.24|**n/a**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**n/a**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|**See above**| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**n/a**| |A description of the principal
risks facing the charity|Para 1.46|**n/a**| |Other||**n/a**| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution approved by members| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Four of the current Trustees were
appointed as first charity trustees of the
CIO when it was registered. These first
trustees were all appointed to serve
specific terms. New trustees may be
appointed by existing trustees or by
members at an AGM. All Trustees’
appointments are for a limited time as
specified in the constitution.
Elections to specific posts eg Treasurer are
through a vote by members at the AGM| |Additional information (optional)
You may choose to include further statements|Additional information (optional)
You may choose to include further statements|where relevant about:| |---|---|---| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|RGSC has a trustees’ code of conduct, and
other policy documents covering what is
expected of trustees. The constitution is the
overarching governing document.| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The Board of Trustees must have a
minimum of three members to a maximum
of 12. The Board includes a Chair, a Vice-
chair, a Secretary and a Treasurer together
with other trustee members.| |Relationship with any
related parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Royal Geological Society of Cornwall| |---|---| |Other name the charity uses|| |Registered charity number|1202892| |Charity’s principal address|72 Albany Road, Redruth, Cornwall TR15 2HY| ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Frances Wall|Chair|Appointed 2 May2023|| ||LovedayJenkin|Vice-chair|Appointed 27 Oct 2023|| ||Linda Beskeen|Secretary|Appointed 27 Oct 2023|| ||Beatrice Kerno|Membership
secretary|Appointed 27 Oct 2023|| ||Caradoc Peters||Appointed 27 Oct 2023|| ||Stephanie
Clemens||Appointed 2 May 2023|| ||Kate Moore||Appointed 2 May2023|| ||Nick Farrell|Treasurer|Appointed 27 Oct 2023|| ||HilaryMitchell||Appointed 2 May2023|| ||Peter Scott||Appointed 10thJuly2024|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date** |**Royal**|**Geological Society of Cornwall**||**1202892**||| |---|---|---|---|---|---| ||**Receipts andpayments accounts**||||**CC16a**| |**For**|02-May-23
**the period**
**from**|**To**|31-Mar-24||| ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**365**
**110**
**35**
**20**
**15**
**-**
**-**
**-**
**545**
**-**
**-**
**-**
**545**
**191**
**475**
**86**
**117**
**66**
**51**
**662**
**-**
**-**
**1,648**
**-**
**-**
**-**
**1,648**
**- 1,103**
**-**
**29,749**
**28,646**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**365**
**110**
**35**
**20**
**15**
**-**
**-**
**-**
**545**
**-**
**-**
**-**
**545**
**191**
**475**
**86**
**117**
**66**
**51**
**662**
**-**
**-**
**1,648**
**-**
**-**
**-**
**1,648**
**- 1,103**|**Total funds**
**to the nearest £**
**365**
**110**
**35**
**20**
**15**
**-**
**-**
**-**
**545**
**-**
**-**
**-**
**545**
**191**
**475**
**86**
**117**
**66**
**51**
**662**
**-**
**-**
**1,648**
**-**
**-**
**-**
**1,648**
**- 1,103**|**Last year**
**to the nearest £**| |---|---|---|---|---|---|---| |Members' subscriptions|**365**|||||**-**| |Field Visitspayments|**110**|||||**-**| |Miscellaneous|**35**|||||**-**| |Donations|**20**|||||**-**| |Interest earned|**15**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**545**|||||**-**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**|||||| ||**-**|||||**-**| |**_Sub total_**|**-**|||||**-**| |**_Total receipts_**
**A3 Payments**||||||| |||||||**-**| |||||||| |Geologist's Association|**191**|||||**-**| |Insurance|**475**|||||**-**| |Bank charges|**86**|||||**-**| |AGM speaker expenses|**117**|||||**-**| |Safetyequipment|**66**|||||**-**| |Miscellaneous|**51**|||||**-**| |CIO registration legal expenses|**662**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_ **|**1,648**|||||**-**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||||||| ||**-**|||||| ||**-**|||||| |**_Sub total_ **|**-**|||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| |||||||**-**| |||||||| ||**- 1,103**|**-**|**-**|**- 1,103**||**-**| ||**-**|**-**|**-**|**-**||**-**| ||**29,749**|**-**|**-**|**29,749**||**-**| ||**28,646**|**-**|**-**|**28,646**||**-**| CCXX R1 accounts (SS) 17/01/2025 1 |**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|| |---|---|---|---| |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Cash at bank
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**28,646**
**-**
**-**
**-**
**-**
**-**
**28,646**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
N Farrell|**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||N Farrell|08-Jan-25| CCXX R2 accounts (SS) 17/01/2025 2 H Mitchell 08-Jan-25 CCXX R3 accounts (SS) 17/01/2025 3