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|ANNUAL REPORT|AN|D AUDITED FIN|ANCIAL STATEINENTS FOR THE Y|EAR ENDED 30JUNE 2023|
|---|---|---|---|---|
||||INDEX||
|||||Page|
|Trustees and Advisors|||||
|||||1 and 2|
|Report ofthe Trustees||||3to 18|
|Report ofthe Independent||Auditors||19and 20|
|Statements
of Financial|Activities|||21 to 23|
|Balance Sheet|||||
|||||24|
|Notes to the Financial Statements||||25 to 31|
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|OFFICE|||||||||
|---|---|---|---|---|---|---|---|---|
|||||12 Baylis 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
Lane|||||
|||||Essendon|||||
|||||Hertfordshire|AL9|6JB|||
|SOLICITORS||||Nabarro
Nathanson|||||
|||||Lacon House|||||
|||||84 Theobald's|Road||||
|||||London
WC1X 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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|Position|||Name|Institution|||
|---|---|---|---|---|---|---|
|Chair|||Mare-Alban
Millet|Cardiff University|||
|Secretary|||Marie-Laure
Bagard|Cambridge|University||
|Treasurer|||Jane Barling|University|ofOxford||
|Communications||Officer|Gordon
Inglis|University|of Southern|pton|
|Member|||Madeleine
Stow|University|ofOxford||
|Member|||James Bendle|University|ofBirmingham||
|Member|||Eleanor Georgiadis|University|ofOxford||
|Member|||Paul Savage|University|ofStAndrews||
|Member|||Helen Williams|Cambridge|University||
|Member|||David I/Ililson|University|College London||
|Member|||Catriona Menzies|Durham
University|||
|Co-opted Member|||Queenie Chan|Royal Holloway|||
|Co-opted Meinber|||Savannah
Wome|I oughborough
University|||
|Student Representative
Geomicrobiology
Network|||Sophie Slater|Cardiff University|||
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|ACTIVITY||||||||||Bodgsl for2022fgosf|soy||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||fuss 2025|ffess Vsrlstiori|
|Mineralogical
Magazine|||||||INCOME|||O.DO|||
||||||||INCOME -CUP (MM,CM)|||I41,898.00|180,400.00|38,502.00|
||||||||INCOME- GSW||||||
||||||||INCOME - CONTRIBUTIONS||||||
||||||||INCOME - De GRUYTER||||||
||||||||INCOME - DONATION|||25,000.00||-25.000.DO|
||||||||EXPENDITURE||||||
||||||||EXPENDITURE -|[MM CM)||36,000.00|-39862.00|-3,862.00|
||||||||EXPENDITURE-GSW||||||
|Cia
Minerals|||||||INCOME|||2,000.00|14900|I 851 00|
||||||||INCOME- GSW||||||
|EMU Series|||||||INCOME|||3,00D.OD|10,538.00|7,538.00|
||||||||EXPENDITIJRE|||1,50D,DO|1,321.00|179.00|
|DHZ|||||||INC OI@IE|||16,000.0D|15,506.00|-494.00|
||||||||EXPENDITURE|||4.000 00|-5,334.00|-1,334.00|
|Landmark
Series|||||||INCOME|||0.00|68.00|68.00|
||||||||EXPENDITURE|||0.00|-43.00|-43.00|
|Olher Books|||||||INCOME|||50000|1,331.00|831.00|
||||||||EXPENDITURE|||150.00||150.00|
|Conferences|||||||INCOLIE|||10,000.00|2,561.00|-7,439.00|
||||||||EXPENDITURE|||5mii 00|-8,621.00|-3,621.00|
|6
osl Inreresl Groups|||||||INCOME|||16.167.00|56,587.00|40,420.00|
||||||||EXPENDITURE|||7,750 00|.66,212.00|-58,462.0D|
|Investments
Investment
-Drawdown
Realised and unrealised||Gains|||||INCOME
INCOME
INCOME|||1,300 00
26,000.00
0.00|22,775.00|-4,525.00|
||||||||EXPENDITLIRE|||O.OD|||
|MlscsD aneous|||||||INCOME|||2,250.00|2,400.00|150.00|
||||||||EXPENDiTURE|||250.00||25D.OO|
|General
Fund -members||subscriptions|||||INCOME|||34,000.00|30,478.00|-3,522.00|
|Gift Aid|||||||INCOME|||1,000.00|787.00|-213.00|
|Office Staff Remuneration
Offfce Staff Expenses
Rent, Rates and House Expenses
Printing,
Stationery,
Maintenance
ofOffice Machinery
Insurance
Postage
Tele hone and Computer
Bank and Credit Card Charges
Elements
Chartered
Scientist
Temper
staff Misceganeous
Oflice Expenses|||||||EXPENDfTURE
EXPENDITURE
EXPENDITURE
EXPENDITURE
EXPENDITURE
EXPENDITURE
EXPENDITURE
EXPENDITURE
EXPENDITURE
EXPENDtTURE|||128.000.00
7,500.00
7,000.00
3,D00.00
2,50000
15250.00
3,500.00
1 000.00
12,000.00
0.00|1,685.00
12240.00
-3,023.00
650.00
10,327.00
126,524.00
551.00
-4,664.00
940.00|815.0D
3,01D.OD
477.00
350.00
1,673.00
'l,476.00
6,949.00
2,336.00
2,060.00|
|Trade Association Fees|||||||EXPENDITURE|||1 000.00|643.00|357.00|
|Business Meeting Expenses- Officers
Bursaries - Student and Senior
Audit and Accounlanc
Fees
Depreciation
is inguis
ec urer
os s,
u ure o
President's
Lunch|||||e|ome y|EXPENDITURE
EXPENDITURE
EXPENDITURE
EXPENDITURE
EXP
DITURE
EXPENDITURE|||5000.00
6000.00
14,000.00
500.00
1,000.00
0.00|628.00
4110.00
11,970.00
799.00
-902.00|4,372.00
1,89D.OO
2,030.00
299.00
98.00|
|Investments
Direct Charges
Profsssionaifees
Medals and MedaOist Travel|||||||EXPENDITURE
EXPENDITURE|||4,000.00
1,000.00
3,700.00|4,294.00
1,379.0D|-294,00
1,000.00
2,321,00|
||||||||htbmnefssiiiatdfhua|-|us|11,515.09|15,271.00|3,756 00|
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||||CONSOLIDATED|CONSOLIDATED|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES||
|---|---|---|---|---|---|---|---|---|---|
||||||||30JUNE 2023|||
||||||Notes|Unrestricted|Restricted|Total||
|||||||Funds|Funds|Funds|2022|
|||||||F||E|6|
|Total Income||||||323,580|4,535|328,115|253,069|
|Total Expenditure||||||-309,425|-3,419|-312,844|-269,381|
|Net expenditure|||and Net Movement|in Funds||14,155|1,116|15,271|-16,312|
|before Gains and Losses on Investments||||||||||
|Net (Deficit)|Gains on Investments||||9|-9,224||-9,224|-27,019|
|Net Movement||in|Funds|||4,931|1,116|6,047|-43,331|
|Total Funds
Total Funds|1 July 2022
30June 2023|||||1,370,750
1,375,681|29,413
30,529|1,400,163
1,406,210|1,443,494
1,400,163|
##
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|Income|||||||Notes|2023||2022||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||L'|||
|Donations
and Legacies|||||||||2,250||2,250|
|Investment
Income|||||||||22,775||17,696|
|Income from Charitable||Activities||||||||||
|Members'
Subscriptions|||||||||30,478||34,544|
|Gift Aid|||||||||787||589|
|Conference
and Meetings||Support|||||||2,560|||
|Cambridge
University
Press|||||||||180,400||146,792|
|Publications
Income|||||||||27,593||23,995|
|Special Interest Groups|Income (Page||||23)|||72,587||38,541||
|Less: Allocation
from Mineralogical||||Society||||-16,000|56,587|-16,000|22,541|
|Miscellaneous
Income|||||||||150|||
|TOTAL Income|||||||||323,580||248,407|
|Expenditure||||||||||||
|Contribution
to Sustaining||Membership|||Fund||||2,703||2,654|
|Expenditure
on Charitable|||Activities|||||||||
|Subscriptions|||||||||||1,183|
|Journals
Expenditure||||||||||||
|Elements|||||||||10,327||9,867|
|Conference
and Meetings||Expenditure|||||||8,621||951|
|Mineralogical
Society Medals|||||||||1,379||1,544|
|Distinguished
Lecturer|||||||||902||267|
|Website and Future ofthe||Society|||||||||3,416|
|Journal
Editorial Costs|||||||||39,862||39,309|
|Publications
Expenditure|||||||||6,698||9,832|
|Travel Bursaries|||||||||4,110||3,613|
|Special Interest Groups Expenditure||||(Page 23)||||72,350||27,923||
|Less: Transactions
with the|||Mineralogical|||Society||-6,138|66,212|-2,352|25,571|
|Office Expenses|||||||||114,211||111,480|
|Support Costs|||||||||52,958||54,532|
|Depreciation|||||||||799||729|
|Miscellaneous
expenditure|||||||||||1,583|
|TOTAL Expenditure|||||||||309,425||266,531|
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##
|||||||Notes||2023|||2022||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||||||||
|Tangible Assets|||||||||345,837|||345,970|
|Investments|||||||||837,541|||829,879|
|Total Fixed Assets|||||||||1,183,378|||1,175,849|
|CURRENT ASSETS|||||||||||||
|Debtors||||||10|22,182|||16,691|||
|Cash at Bank and|in Hand|||||11|287,687|||314,767|||
|Total Current Assets|||||||309,869|||331,458|||
|LIABILITIES|||||||||||||
|Creditors: Amounts|Falling||||||||||||
|Due Within One Year||||||12|-87,037|||-107,144|||
|Total Assets Less|Current||Liabilities||||||222,832|||224,314|
|NET ASSETS|||||||||1,406,210|||1,400,163|
|The Funds ofthe Charity:|||||||||||||
|Unrestricted
Income Funds|||||||||1,375,681|||1,370,750|
|Restricted
Income|Funds|-|Sustaining|Membership||Fund|18,734|||17,166|||
|||-|Willy Aspinall||Prize Fund||11,795||30,529|12,247||29,413|
|TOTAL CHARITY|FUNDS||||||||1,406,210|||1,400,163|
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|||||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2.|b. Analysis ofstaff costs||||||||||||F|
||Remuneration|||||||||||154,855|147,373|
||National
Insurance|||||||||||2,620|2,817|
||Life Assurance|||||||||||1,124|1,004|
||Pension Costs|||||||||||6,644|6,554|
||TOTAL|||||||||||165,243|157,748|
||The average
monthly
headcount
was||||7 staff (2022 - 7) and||||the average|||2023|2022|
||monthly
number of full-time equivalent||||employees|||(including|part time staff)||during|||
||the year was as follows:-|Publishing||||||||||2.5|2.5|
|||Office Staff||||||||||2|2|
|||Total||||||||||4.5|4.5|
||One employee
had employee||benefits||that fell within the band F60,000 —f69,999(2022 - One)|||||||||
||All employee
time is involved||in providing|||either|support to the governance||||ofthe charity or|||
||support services to the charitable|||activities.||||||||||
||||||||||2023|2023||2022|2022|
||c. Key management
compensation|||||||||||F|f|
||||||||||Salary|Pension||Salary|Pension|
||Executive Director||||||||69,439|||65,302||
||Finance and Operations||Manager||||||50,972|4,800||49,571|4,800|
||In addition to the above,||national||insurance||contributions||totalled|61,299(2022 - F1,582)||||
|3.|ALLOCATIONS TO GROUPS by|||General||Fund||||||||
||An allocation
is made to|eight special|||interest groups of616,000 for the year (2022 - f16,000).|||||||||
||||||||Page|||||2023|2022|
|4.|VOLUNTARY
INCOME|- Donations|||||||||||F|
||Sustaining
Membership|Restricted||Fund||||21||||1,473|1,961|
||General
Fund - Geological Society|||||||22||||2,250|2,250|
||Special Interest Groups|||||||23||||||
||Geochemistry
Group|||||||||||||
||Agilent Technologies||||||||1,000|||||
||Anton Parr||||||||500|||||
||Elemental
Scientific|Instruments|||||||1,000|||||
||Isotopx||||||||1,000|||||
||Nu Instruments||||||||500|||||
||QMX Laboratory||||||||750|||||
||Thermo Fisher||||||||400|5,150||||
||Metamorphic
Studies Group|||||||||||||
||Zeiss|||||||||1,000||||
||Volcanic and Magmatic|Studies Group||||||||||||
||British Geophysical
Association||||||||500|||||
||Denton Seismo Limited||||||||700|||||
||Geological Society||||||||1,500|||||
||Hilary Downes||||||||300|||||
||JEOL||||||||400|||||
||Thermo Fisher||||||||1,000|||||
||Thermo Fisher scientific||Award||||||500|||||
||Zeiss||||||||500|5,400||11,550||
##
##
|INVESTMENT INCOME|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
|Dividends
and Interest||||||||||F.|
|Unrestricted
Funds|||||||||22,775|17,696|
|Restricted
Funds|||||||||359|47|
|Individual
Groups|||||||||570|74|
||||||||||23,704|17,817|
|Interest on Cash Deposits|||||||||1,113|223|
|On Listed Investments|||||||||22,591|17,594|
||||||||||23,704|17,817|
|OFFICE EXPENSES The||breakdown|||ofoffice|costs|and how these are||2023|2022|
|allocated between
Governance|||and Charitable|||Activities is shown||below:-|F.||
|Office Staff Remuneration|||||||||127,634|122,259|
|Reimbursement
of staff|expenses|||MDSG|||||-1,110|-933|
||||||||||126,524|121,326|
|Office Staff Expenses|||||||||551|1,528|
|Rent, Rates and House|Expenses||||||||4,664|6,234|
|Printing,
Stationery,
Maintenance||||of Office Machines|||||940|1,387|
|Insurance|||||||||1,685|2,049|
|Postage, Telephone
and||Computer|||||||12,240|10,541|
|Bank and Credit Card Charges|||||||||3,023|3,446|
|Miscellaneous
Expenses||including||office assistance|||||650|173|
||||||||||23,753|25,358|
||||||||||150,277|146,684|
|Allocation as follows:-|||||||2023|2022|||
||||||||o/o|o/o|F|f|
|Charitable
Activities|||||||76|76|114,211|111,480|
|Governance
and Support||Costs|(Note||7)||24|24|36,066|35,204|
||||||||100|100|150,277|146,684|
|Allocation
is calculated|on the basis of staff time, cost and office|||||||usage.|||
||||||||||2023|2022|
|SUPPORT COSTS|||||||||8||
|Governance
and Support||Costs|||||||||
|Office Expenses
24'/o (2022 - 24'/o) (see note||||||6)|||36,066|35,204|
|Business Meetings Expenses (Travel)|||||||||628|1,231|
|Investment
Charges|||||||||4,294|4,325|
|Auditor's
Remuneration|||||||||11,970|13,772|
|Total Allocated|||||||||52,958|54,532|
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||are recognised|a|t the date|of|trade at cost (that is their transaction
value)|.||
|---|---|---|---|---|---|---|---|
|10.|DEBTORS|||||2023|2022|
||||||||E|
||Other Debtors|and Prepayments||||13,219|12,687|
||Publications|||||2,000|4,004|
||Conferences|||||6,963||
|||||||22,182|16,691|
|11.|CASH AT BANK||AND IN|HAND||2023|2022|
||Applied
Mineralogy
Group
Clay Minerals Group
Environmental
Mineralogy|||Group||18,311
38,678
6,289|21,195
42,050
5,911|
||Geochemistry|Group||||17,146|8,465|
||Geornicrobiology||Network|||16,483|15,937|
||Metamorphic|Studies Group||||13,439|13,168|
||Mineral
Physics||Group|||15,687|14,129|
||Volcanic & Magmatic Studies||||Group|33,670|37,115|
|||||||159,703|157,970|
||Group Monies|on|||Reserve Account|39,703|67,970|
||||||Deposit Account|120,000|90,000|
|||||||159,703|157,970|
||Sustaining
Members||||Reserve Account|17,408|15,401|
||Willy Aspinal||||Reserve Account|11,795|12,248|
|||||||29,203|27,649|
||Mineralogical|Society|||Current Account|93,781|94,148|
||||||Reserve Account|5,000|5,000|
||||||Deposit Account|0|30,000|
|||||||98,781|129,148|
||Total Cash at|Bank||||287,687|314,767|
|12.|CREDITORS|AMOUNTS||FALLING DUE WITHIN ONE YEAR||2023|2022|
||Publications|||||F|F|
||Cambridge||University|Press||54,415|56,322|
||DHZIII|||||1,551|1,728|
||Elements||||||3,707|
||Geoscience||World|||9,656|9,656|
||Conferences||||||6,290|
||HM Revenue|&|Customs|VAT||7,367|7,185|
||Other Creditors|||||1,048|9,256|
||Accruals|||||13,000|13,000|
|||||||87,037|107,144|
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