## 

|||INDEX||
|---|---|---|---|
||||Page|
|Trustees and Advisors|||1 and 2|
|Report ofthe Trustees|||3to16|
|Report ofthe Independent|Auditors||17and 18|
|Statements<br>of Financial Activities|||19to 21|
|Balance Sheet|||22|
|Notes tothe Financial Statements|||23to 29|





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|||||||||
|---|---|---|---|---|---|---|---|
|CUSTODIAN TRU|TEES||J.F.W. Bowles - Resigned 31 December 2021|||||
||||M. Widdowson|||||
||||D.Wray|||||
|OFFICE|||12Baylis Mews|||||
||||93 - 101Amyand||Park Road|||
||||Twickenham|||||
||||Middlesex TW1 3HQ|||||
|EQUALITY DIVERSITY INCLUSIVITY OFFICER|||L. Kelly|||||
|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|||||
||||84Theobald's|Road||||
||||London<br>WCtX 8RW|||||
|BANKERS|||Coutts &Co|||||
||||440 Strand|||||
||||London WC2R|OQS||||
|INVESTMENT MANAGER|||Schroder &Co. Limited, trading as Cazenove||||Capital|
||||1 London Wall|Place||||
||||London|||||
||||EC2Y 5AU|||||
|WEBSITE|||www. minersoc.|org||||
|CHARITY REGISTRATION NUMBER|||233706|||||





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||-5-|-5-||
|---|---|---|---|
|Geographical|distribution|ofthe published|papers|
|Country|No of|Country|No of|
||a ers||a ers|
|China|10|Greece||
|Turkey|5|Japan||
|Iran|3|Russia||
|Brazil|2|U.K.||
|Algeria|1|USA||
|E<br>t|1|||



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|is something<br>that the Socie|ty shoul|d be mindful<br>of.|||
|---|---|---|---|---|
|ETATMEENT OF FINANCIAL|ACTMTIEE|FORME YEAR ENDED 00|JUNE 2022||
|Income|Notes|2022|2021||
|Donstmns<br>and Legades<br>Invsaiment<br>Incame<br>Income bom Cbadabie<br>AuSviuarr<br>Members'<br>Eutaoipbons<br>IMR I'ud,<br>'<br>!coirfersiicsmidMeeungsIncome<br>Cambmfgs<br>Unbemily Press<br>Puldcatlons<br>Income<br>Epeciai IniemNI Groups Income fpiige 17)<br>Less: Auocauon<br>from Mineralogical<br>Society<br>TOTAL Income|0<br>I<br>0<br>4<br>'<br>2,250<br>5<br>i<br>17,005<br>I<br>94.Mcf<br>!<br>'<br>509):<br>*:*'<br>,<br>-J,<br>~<br>icg,T92' .<br>I<br>22.995;<br>I<br>20,541'<br>F<br>-10,000<br>22,541,||2<br>I<br>r<br>,<br>I<br>i<br>10,242<br>-10,000<br>I|0<br>2,200<br>16,557j<br>92,202<br>"<br>020<br>2.507<br>171,122<br>19,255<br>242|



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|-14-|-14-|||||
|---|---|---|---|---|---|
|significant change<br>in the payment<br>to the auditors<br>over last year. While<br>it is clear that the auditor's fees <br>cost to the Society, especially<br>in years where our level ofactivity doesn't meet the level where an audit||represent a significant<br> ofthe accounts is||||
|mandatory,<br>our byelaws<br>demand<br>it and there are several good reasons for continuing<br>to be audited<br>on||an|annual|basis in||
|any case. First ofall, as members ofCouncil are trustees ofthe charity and therefore jointly and severally<br>liable for the<br>actions (including<br>financial) ofthe Society, we as a Society have the reassurance<br>that there is an annual<br>independent<br>ofthe Society's finances —independent<br>of Kevin and Russell, and independent<br>ofCouncil and the Custodian<br>Trustees.|||||check|
|Second, the extra|work involved<br>in starting<br>an audit when previous years' accounts have not been audited||would|still||
|-J-<br>represent a significant<br>body ofwork for the auditor. Getting to the necessary<br>starting place fora meaningful<br>audit would<br>require a considerabie<br>amount of(expensive) time and effort. In the long-run,<br>the cost ofbeing audited<br>annually as opposed<br>to on a spasmodic<br>mandato<br>basis is, in all likelihood,<br>incremental.||||||
||!OFFICEEXPENSES The breakdown<br>of office enate snd how these are<br>I<br>2022<br>'I<br>1<br>2021<br>allocated between<br>Governance<br>and Charitable<br>Activities is shown below.<br>8<br>l<br>6<br>f<br>f22,259I<br>123,02~5<br>-933<br>-1,424<br>ONce Staff Remuneration<br>Office Staff Remunera5on<br>Recover|||||
||121,326<br>121,601|||||
||Office Staff Expenses<br>1 528|||||
||Rent, Rates and House Expenses|||||
||Printing,<br>Stationery,<br>hlaintenance<br>ofoffice Machines|||||
||i insurance<br>*'Postage, Telephone<br>and Coin<br>utw<br>P<br>'Bank and Credit Card Charges<br>Miscellaneous<br>Expanses<br>2,049;<br>'<br>1,446<br>10,541 '<br>13,859<br>3,446<br>3.2311<br>173i<br>i<br>55,|||||
||25,358<br>I<br>24,521 i|||||
||146684I<br>148122 I|||||
||Allocation as fottowsn<br>I|||||
||j<br>76<br>I<br>111,480<br>111,053<br>24'<br>'<br>35,204<br>1<br>35,069<br>I<br>Charitable Ad„nim<br>1<br>761<br>Governance<br>and suppoit costs (Note 7)<br>24j|||||
||100<br>100i<br>i<br>146,684<br>I<br>146,122|||||
||Figure 3. Summary ofexpenditure<br>(draff) during the ffinanciel year ending 30 June 2022.|||||



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|||STAT|EINEN|T|OF|FINANCI|AL ACTIVIT|IES FOR THE Y|EAR ENDED 3|0JUNE 2022||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|||
|||||||||Sustaining|Willy|||
||||||||Notes|Illlembership|Aspinall|Total|2021|
||||||||||Prize|||
|Income||||||||6|F.|8||
|Donations||||||||1,961||1,961|'f,934|
|Investment||Income||||||31|16|47|19|
|Income|from Charitable|||Activities||||||||
|Support|by|General|Fund|||||2,654||2,654|2,657|
|TOTAL|Income|||||||4,646|16|4,662|4,610|
|Expenditure||||||||||||
|Expenditure||on Charitable|||Activities|||||||
|Student|Membership|||||||-2,850||-2,850|2,850|
||Award||||||||||400|
|TOTAL|Expenditure|||||||-2,850||-2,850|3,250|
|Net Income||and Net|Movement|||in Funds|forthe Year|1,796|16|1,812|1,360|



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||||||30JUNE 2022|||
|---|---|---|---|---|---|---|---|
||||Notes|Unrestricted|Restricted|Total||
|||||Funds|Funds|Funds|2021|
|||||F||f||
|Total Income||||248,407|4,662|253,069|250,741|
|Total Expenditure||||-266,531|-2,850|-269,381|-231,719|
|Net expenditure||and Net Movement|in Funds|-18,124|1,812|-16,312|19,022|
|before Gains and Losses on Investments||||||||
|Net (Deficit)|Gains on Investments||9|-27,019||-27,019|103,157|
|Net Movement||in Funds||-45,143|1,812|-43,331|122,179|
|Total Funds|1 July 2021|||1,415,893|27,601|1,443,494|1,321,315|
|Total Funds|30June 2022|||1,370,750|29,413|1,400,163|1,443,494|





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|Income||||||Notes|2022||2021||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||E|
|Donations<br>and Legacies||||||||2,250||2,250|
|Investment<br>Income||||||||17,696||16,557|
|Income from Charitable|Activities||||||||||
|Members'<br>Subscriptions||||||||34,544||33,262|
|Gift Aid||||||||589||836|
|Conference<br>and Meetings|Income|||||||||2,507|
|Cambridge<br>University<br>Press||||||||146,792||171,122|
|Publications<br>Income||||||||23,995||19,355|
|Special Interest Groups Income (Page||||21)|||38,541||16,242||
|Less: Allocation<br>from Mineralogical|||Society||||-16,000|22,541|-16,000|242|
|TOTAL Income||||||||248,407||246,131|
|Expenditure|||||||||||
|Contribution<br>to Sustaining|Membership|||Fund||||2,654||2,657|
|Expenditure<br>on Charitable||Activities|||||||||
|Subscdiptions||||||||1,183||2,195|
|Journals<br>Expenditure|||||||||||
|Elements||||||||9,867||5,892|
|Conference<br>and Meetings|Expenditure|||||||951||652|
|Mineralogical<br>Society Medals||||||||1,544||3,700|
|Distinguished<br>Lecturer||||||||267||500|
|Website and Future ofthe|Society|||||||3,416||301|
|Journal<br>Editorial Costs||||||||39,309||35,592|
|Publications<br>Expenditure||||||||9,832||7,286|
|Travel Bursaries||||||||3,613||651|
|Special Interest Groups Expenditure|||(Page 21)||||27,923||4,579||
|Less: Transactions<br>with the||Mineralogical|||Society||-2,352|25,571||4,579|
|Office Expenses||||||||111,480||111,053|
|Support Costs||||||||54,532||52,930|
|Depreciation||||||||729||481|
|Miscellaneous<br>expenditure||||||||1,583|||
|TOTAL Expenditure||||||||266,531||228,469|





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## 

||||||Notes||2022|||2021||
|---|---|---|---|---|---|---|---|---|---|---|---|
|FIXEDASSETS||||||||||||
|Tangible Assets||||||||345,970|||345,371|
|Investments||||||||829,879|||844,451|
|Total Fixed Assets||||||||1,175,849|||1,189,822|
|CURRENT ASSETS||||||||||||
|Debtors|||||10|16,691|||18,052|||
|Cash at Bank and in Hand|||||11|314,767|||342,492|||
|Total Current Assets||||||331,458|||360,544|||
|LIABILITIES||||||||||||
|Creditors: Amounts<br>Falling||||||||||||
|Due Within One Year|||||12|-107,144|||-106,872|||
|Total Assets Less Current||Liabilities||||||224,314|||253,672|
|NET ASSETS||||||||1,400,163|||1,443,494|
|The Funds ofthe Charity;||||||||||||
|Unrestdicted<br>Income Funds||||||||1,370,750|||1,415,893|
|Restricted<br>Income Funds|—Sustaining||Membership||Fund|17,166|||15,370|||
||—|Willy Aspinall||Prize Fund||12,247||29,413|12,231||27,601|
|TOTAL CHARITY FUNDS||||||||1,400,163|||1,443,494|



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|INVESTMENT INCOME||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|Dividends<br>and Interest|||||||||f|
|Unrestricted<br>Funds||||||||17,696|16,557|
|Restricted Funds||||||||47|19|
|Individual<br>Groups||||||||74|62|
|||||||||17,817|16,638|
|Interest on Cash Deposits||||||||223|155|
|On Listed Investments||||||||17,594|16,483|
|||||||||17,817|16,638|
|OFFICE EXPENSES The breakdown||ofoffice|costs||and how these are|||2022|2021|
|allocated between<br>Governance|and Charitable||Activities|||is shown below:-||F||
|Office Staff Remuneration||||||||122,259|123,025|
|Reimbursement<br>by EMU of staff|expenses|||||||-933|-1,424|
|||||||||121,326|121,601|
|Office Staff Expenses||||||||1,528||
|Rent, Rates and House Expenses||||||||6,234|4,252|
|Printing,<br>Stationery,<br>Maintenance|of Office Machines|||||||1,387|1,678|
|Insurance||||||||2,049|1,446|
|Postage, Telephone<br>and Computer||||||||10,541|13,859|
|Bank and Credit Card Charges||||||||3,446|3,231|
|Miscellaneous<br>Expenses||||||||173|55|
|||||||||25,358|24,521|
|||||||||146,684|146,122|
|Allocation as follows:-|||||2022||2021|||
|||||||o%%d|'/o|||
|Charitable<br>Activities||||||76|76|111,480|111,053|
|Governance<br>and Support Costs|(Note|7)||||24|24|35,204|35,069|
||||||100||100|146,684|146,122|
|Allocation<br>is calculated<br>on the basis of staff time||||cost and office usage.||||||
|SUPPORT COSTS||||||||2022f|2021f|
|Governance<br>and Support Costs||||||||||
|Office Expenses<br>24'/o (2021 - 24'/o) (see note|||6)|||||35,204|35,069|
|Business Meetings Expenses (Travel)||||||||1,231|4|
|Investment<br>Charges||||||||4,325|4,060|
|Auditor's<br>Remuneration||||||||13,772|13,769|
|Professional<br>Fees|||||||||28|
|Total Allocated||||||||54,532|52,930|





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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|10.|DEBTORS|||||||2022|2021|
|||||||||F|E|
||Other Debtors|and Prepayments||||||12,687|14,052|
||Publications|||||||4,004|4,000|
|||||||||16,691|18,052|
|11.|CASH AT BANK AND||||IN|HAND||2022|2021|
|||||||||F||
||Applied<br>Mineralogy|||Group||||21,195|19,585|
||Clay Minerals|Group||||||42,050|40,395|
||Environmental|Mineralogy||||Group||5,911|5,945|
||Geochemistry|Group||||||8,465|10,973|
||Geomicrobiology||Network|||||15,937|13,931|
||Metamorphic|Studies Group||||||13,168|13,261|
||Mineral Physics||Group|||||14,129|12,923|
||Volcanic & Magmatic Studies||||||Group|37,115|31,834|
|||||||||157,970|148,847|
||Group Monies|on|||||Reserve Account|67,970|58,847|
||||||||Deposit Account|90,000|90,000|
|||||||||157,970|148,847|
||Sustaining<br>Members||||||Reserve Account|15,401|13,629|
||Willy Aspinal||||||Reserve Account|12,248|12,232|
|||||||||27,649|25,861|
||Mineralogical|Society|||||Current Account|94,148|132,784|
||||||||Reserve Account|5,000|5,000|
||||||||Deposit Account|30,000|30,000|
|||||||||129,148|167,784|
||Total Cash at|Bank||||||314,767|342,492|
|12.|CREDITORS|AMOUNTS||||FALLING DUE WITHIN ONE YEAR||2022|2021|
||Publications|||||||E||
||Cambridge||University|||Press||56,322|55,439|
||0HZIII|||||||1,728|1,510|
||Elements|||||||3,707||
||Geoscience||World|||||9,656|9,656|
||Conferences|||||||6,290|201|
||HM Revenue|&|Customs VAT|||||7,185|9,648|
||Other Creditors|||||||9,256|19,460|
||Accruals|||||||13,000|10,958|
|||||||||107,144|106,872|





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