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|||INDEX||
|---|---|---|---|
||||Page|
|Trustees<br>and Advisors|||1and2|
|Report ofthe Trustees|||3to12|
|Report ofthe Independent|Auditors||13and 14|
|Statements<br>of Financial Activities|||15to 17|
|Balance Sheet|||18|
|Notes tothe Financial Statements|||19to 25|





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|---|---|---|---|---|---|---|---|---|
|OFFICE||||12Baylis Mews|||||
|||||93-101Amyand||Park Road|||
|||||Twickenham|||||
|||||Middlesex TW1 3HQ|||||
|ADMINISTRATION|Executive Director|||K. Murphy|||||
||Finance and Operations||Manager|R. Rajendra|||||
|AUDITORS||||David M. Rees &Associates|||Limited||
|||||Well Cottage|||||
|||||Cucumber<br>Lane|||||
|||||Essendon|||||
|||||Hertfordshire|AL9|6JB|||
|SOLICITORS||||Nabarro<br>Nathanson|||||
|||||Lacon House|||||
|||||84 Theobald's|Road||||
|||||London<br>WC1X8RW|||||
|BANKERS||||Coutts &Co|||||
|||||440 Strand|||||
|||||London WC2R OQS|||||
|INVESTMENT MANAGER||||Schroder &Co. Limited, trading as Cazenove||||Capital|
|||||1 London Wall|Place||||
|||||London|||||
|||||EC2Y SAU|||||
|CUSTODIAN TRUSTEES||||J.F.W. Bowles|||||
|||||M. Widdowson|||||
|||||D. Wray|||||
|WEBSITE||||www. minersoc.|org||||
|CHARITY REGISTRATION||NUMBER||233706|||||





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|STATEME|T|O|F FINANCIAL ACTIVIT|IES FOR THE Y|EAR ENDED 3<br>2021|0JUNE 2021||
|---|---|---|---|---|---|---|---|
|||||Sustaining|Willy|||
||||Notes|Membership|Aspinall|Total|2020|
||||||Prize|||
|Income<br>Donations<br>Investment<br>Income<br>Income from Charitable|Activities|||1,934<br>13||F<br>1,934<br>19|9<br>1,292<br>111|
|Support<br>by General Fund<br>TOTAL Income||||2,657<br>4,604|6|2,657<br>4,610|2,385<br>3,788|
|Expenditure||||||||
|Expenditure<br>on Charitable||Activities||||||
|Student Membership<br>Award<br>TOTAL Expenditure||||2,850<br>2,850|400<br>400|3,250<br>2,850<br>400|2,508<br>2,508|
|Net Income and Net Movement|||in Funds for the Year|1,754|-394|1,360|1,280|



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|||||30JUNE 2021|||
|---|---|---|---|---|---|---|
|||Notes|Unrestricted|Restricted|Total||
||||Funds|Funds|Funds|2020|
||||f||||
|Total Income<br>Total Expenditure<br>Net Income and Net Mov<br>before Gains and Losses on Investments<br>ement in Funds|||246,131<br>-228,469<br>17,662|4,610<br>-3,250<br>1,360|250,741<br>231,719<br>19,022|326,423<br>-303,855<br>22,568|
|Surplus on revaluation<br>offreehold<br>Net Gains (Losses) on Investments<br>Net Movement<br>in Funds<br>Total Funds<br>1 July 2020<br>Total Funds 30June 2021|property|8<br>9|103,157<br>120,819<br>1,295,074<br>1,415,893|1,360<br>26,241<br>27,601|103,157<br>122,179<br>1,321,315<br>1,443,494|20,000<br>-24,499<br>18,069<br>1,303,246<br>1,321,315|





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|Income||Notes|2021||2020||
|---|---|---|---|---|---|---|
|Donations<br>and Legacies<br>Investment<br>income<br>Income from Charitable<br>Activities||||2,250<br>16,557||F.<br>2,250<br>25,657|
|Members'<br>Subscriptions<br>Gift Aid<br>Conference<br>and Meetings<br>Income<br>Cambridge<br>University<br>Press<br>Publications<br>Income||||33,262<br>836<br>2,507<br>171,122||33,695<br>897<br>30,464<br>167,200|
|Mineralogical<br>Magazine|||21||27||
|Clay Minerals<br>Book Publishing<br>Special Interest Groups Income (Page 17)<br>Less: Allocation<br>from Mineralogical<br>Society<br>TOTAL Income|||60<br>19,274<br>16,242<br>-16,000|19,355<br>242<br>246,131|511<br>26,729<br>51,205<br>-16,000|27,267<br>35,205<br>322,635|
|Expenditure|||||||
|Contribution<br>to Sustaining<br>Membership<br>Expenditure<br>on Charitable<br>Activities|Fund|||2,657||2,385|
|Subscriptions<br>Journals<br>Expenditure||||2,195||1,902|
|Elements<br>Conference<br>and Meetings<br>Expenditure<br>Mineralogical<br>Society Medals<br>Distinguished<br>Lecturer and Future ofthe <br>Journal<br>Editorial Costs<br>Publications<br>Expenditure|Society|||5,892<br>652<br>3,700<br>801<br>35,592||7,825<br>29,189<br>302<br>680<br>33,022|
|Book Publishing<br>Travel Bursaries<br>Special interest Groups Expenditure<br>(Page 17)<br>Office Expenses<br>Support Costs<br>Depreciation<br>TOTAL Expenditure||||7,286<br>651<br>4,579<br>111,053<br>52,930<br>481<br>228,469||13,891<br>54<br>47,687<br>107,991<br>56,066<br>353<br>301,347|





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|b. Analysis ofstaff costs|||||||||2021<br>F|2020f|
|---|---|---|---|---|---|---|---|---|---|---|
|Remuneration|||||||||146,855|139,329|
|National<br>Insurance|||||||||2,144|2,997|
|Life Assurance|||||||||1,609|1,414|
|Pension Costs|||||||||5,678|5,125|
|TOTAL|||||||||156,286|148,865|
|The average<br>monthly<br>headcount<br>was|6staff (2020||||—6) and|the average|||2021|2020|
|monthly<br>number<br>offull-time<br>equivalent|employees||||(including|part time staff) during|||||
|the year was as follows:-<br>Publishing|||||||||2||
|Office Staff|||||||||2||
|Total|||||||||4||
|One employee<br>had employee<br>benefits|that||fell within the band 560,000-|||||f69,999(2020 —One)|||
|All employee<br>time is involved<br>in providing||either||support to the governance||||ofthe charity or|||
|support services to the charitable<br>activities.|||||||||||
|||||||2021|2021||2020|2020|
|c. Key management<br>compensation||||||||E|F|6|
|||||||Salary|Pension||Salary|Pension|
|Executive Director||||||67,640|||64,762||
|Finance and Operations<br>Manager||||||47,872|4,012||47,235|3,750|
|In addition to the above, national|insurance|||contributions||totalled|f1060(2020- L'2,295)||||
|ALLOCATIONS TO GROUPS by General|||Fund||||||||
|An allocation<br>is made to eight special|interest groups off16,000for||||||the year (2020-f16,000).||||
|||||||Page|||2021|2020|
|VOLUNTARY<br>INCOME - Donations||||||||||8|
|Sustaining<br>Membership<br>Restricted<br>Fund||||||15|||1,934|1,292|
|General<br>Fund - Geological Society||||||16|||2,250|2,250|





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|INVESTMENT INCOME||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|Dividends<br>and Interest||||||||||
|Unrestricted<br>Funds||||||||16,557|25,657|
|Restricted Funds||||||||19|111|
|Individual<br>Groups||||||||62|110|
|||||||||16,638|25,878|
|Interest on Cash Deposits||||||||155|436|
|On Listed Investments||||||||16,483|25,442|
|||||||||16,638|25,878|
|OFFICE EXPENSES The|breakdown||of office|costs|and how these are|||2021|2020|
|allocated between<br>Governance||and Charitable||Activities||is shown below:-||E|8|
|Office Staff Remuneration||||||||123,025|119,248|
|Office Staff Remuneration|Recovered|||||||-1,424|-6,932|
|||||||||121,601|112,316|
|Office Staff Expenses|||||||||2,257|
|Rent, Rates and House Expenses||||||||4,252|5,719|
|Printing,<br>Stationery,<br>Maintenance||ofOffice Machines||||||1,678|2,981|
|Insurance||||||||1,446|2,564|
|Postage, Telephone<br>and Computer||||||||13,859|12,877|
|Bank and Credit Card Charges||||||||3,231|3,305|
|Miscellaneous<br>Expenses||||||||55|75|
|||||||||24,521|29,778|
|||||||||146,122|142,094|
|Allocation as follows:-|||||2021||2020|||
|||||||||E|6|
|Charitable<br>Activities||||||76|76|111,053|107,991|
|Governance<br>and Support|Costs|(Note|7)|||24|24|35,069|34,103|
||||||100||100|146,122|142,094|
|Allocation<br>is calculated<br>on|the basis ofstaff time, cost and office usage.|||||||||
|||||||||2021|2020|
|SUPPORT COSTS||||||||E||
|Governance<br>and Support|Costs|||||||||
|Office Expenses 24% (2020- 24%)(see note||||6)||||35,069|34,103|
|Business Meetings Expenses (Travel)||||||||4|2,378|
|Investment<br>Charges||||||||4,060|3,714|
|Auditor's<br>Remuneration||||||||13,769|15,571|
|Professional<br>Fees||||||||28|300|
|Total Allocated||||||||52,930|56,066|





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|10.|DEBTORS|||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f||
||HM Revenue||&Customs||VAT||87|
||Other Debtors||and Prepayments|||14,052|2,399|
||Conferences||||||1,258|
||Publications|||||4,000|3,945|
|||||||18,052|7,689|
|11.|CASH AT BANK AND IN||||HAND|2021|2020|
||||||||E|
||Applied<br>Mineralogy<br>Group|||||19,585|17,487|
||Clay Minerals||Group|||40,395|38,962|
||Environmental||Mineralogy||Group|5,945|3,855|
||Geochemistry||Group|||10,973|9,222|
||Geomicrobiology<br>Network|||||13,931|11,927|
||Metamorphic|Studies Group||||13,261|11,911|
||Mineral Physics Group|||||12,923|12,219|
||Volcanic 8 Magmatic Studies Group|||||31,834|31,702|
|||||||148,847|137,285|
||Group Monies||on||Reserve Account|58,847|47,285|
||||||Deposit Account|90,000|90,000|
|||||||148,847|137,285|
||Sustaining<br>Members||||Reserve Account|13,629|12,453|
||Willy Aspinal||||Reserve Account|12,232|12,625|
|||||||25,861|25,078|
||Mineralogical|Society|||Current Account|132,784|136,747|
||||||Reserve Account|5,000|5,000|
||||||Deposit Account|30,000|30,000|
|||||||167,784|171,747|
||Total Cash at|Bank||||342,492|334,110|
|12.|CREDITORS|AMOUNTS|||FALLING DUE WITHIN ONE YEAR|2021|2020|
||Publications|||||8||
||Cambridge||University||Press|55,439|54,483|
||DHZIII|||||1,510|1,301|
||Geoscience World|||||9,656|9,656|
||Conferences|||||201|1,950|
||HM Revenue|&Customs||VAT||9,848|11,560|
||Other Creditors|||||19,460|5,348|
||Accruals|||||10,958|11,454|
|||||||106,872|95,732|





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