MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 David M. Rees & Associates Limited CHARTERED ACCOUNTA￿TS Well Coltag¢ Cucumkr Lanc Essendon Hertfordshire AL9 6JB MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND ANNUAL REPORT AND AUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 INDEX Page Trustees and Advisors 1and2 Report of the Trustees 3to20 Report of the Independent Auditor8 21 and 22 Statements of Financial Activities 23to25 Balance Sheet 26 Notes to the Finandal Statements 27to33 MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELANO REFERENCE AND ADMINISTRATIVE INFORIIATION Trustses and Advisors for the year ended 30 June 2024 PRESIDENT S. Gibson S. Shaw- Appolnted and as President Ebèct 1 January 2024 VICE-PRESIDENTS A. Neumann - Resigned 31 D￿mber 2023 H. PendI0￿￿k1 - Appointed and as President 25 Aprll 2024 TREASURER J. Hap4ey- Resigned 31 D￿ernber 2023 S. Hammond - Appointed as Trèa$urer1 January 2024 GENERAL SECRETARY E. Deady PUBLICATIONS MANAGERS R.J. Bc14￿￿ PUBLIC RELATIONS OFFICER J. Byyne ELEMENTS REPRESENTATIVE M.E. Hodson - Resyned 31 D￿ernber 2023 M. l•Vhhe- Appointed 1 January 2024 EQUALITr DIVERSITY and INCLUSION OFFICER L. Kelty PRINCIPAL EDITORS Mineraioglcal Magazine S. Mills R.H. Mitchell Clay Minerals G.E. ChristKIis Chun4ui Zhou Ge￿BlO Interfxe H. Dong - Appointed 1 January 2024 A. Engel- Appointed 1 January 2024 J. - Appointed 1 January 2024 GROUP CHAIRS Appliéd Mlnerak)gy Group Clay Minerals (knp M. Smith A. Neumann - Reslgned as ¢hair 21 November 2023 H. Pendlowski- Apwnted as chair 25 April 2024 L. Ntsvtsome- Reslgned 20 November 2023 L. Townsend - Appoirrted 10 April 2024 A. Mlllet- Resigned 10 AWA 2024 P. Savage- Appointed 10 April 2024 Environmental Mlneraltray Group Geochemistry Group Geomicrobiology Netsvork J. Moreau MetamorphiG Studies Group Min8r81 Physics Group O. Weller O. Lord Volcanic & Magmatic stud￿ Group T. Mather MINEFIALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND Trustse and Advhors for th• year ended 30 June 2024 ORDINARY MEMBERS OF COUNCIL A. Costanzo - Appointed 1 January 2024 H. Elms - Appointed 1 January 2024 R. Gertisser- Appointed 1 January 2024 C. Manning M. Rumsey- Resigned 31 Decemter 2023 B. Sarkar R. Taylor - Resigned 31 DecemL*r 2023 N. Gray-wannell - Resigned 31 December 2023 CUSTODIAN TRUSTEES H. Dtrwnes - Appointed as Custodian Trustee 1 January 2024 M. Widd(ywson - Resigned 31 December 2023 D. Wray - Resigned 31 December 2023 J. Lloyd - Appointed as Custodian Trustee 1 January 2024 . Anand- Appointed 1 January 2024 OFFICE 12 Baylis Me 93- 101 Amyand Park Road Twckenham Middlesex TW13HQ ADMINISTRATION K. Murphy- Executive Director R. RajerKlra - Finance and Operations Manager AUDITORS David M. Rees & Associates Limited Well Cottage C￿￿Mber Lane Essendon Hertfordshire AL9 &J8 SOLICITORS Nabarro Nathanson Lacon House 84 Theobald's Roa London WC1X 8RW &4NKERS Coutts & Co 440 Strand London WC2R OQS INVESTMENT IMNAGER Schr￿￿er & Co. Limited, trading as CazerK)ve Capital 1 London Wall Place London EC2Y SAU WEBSITE wwM.minersoc.org CHARITY REGISTr4TION NUMBER 2337Ck8 MINERALOGICAL SOCIEff OF THE UNITED KINGDOM AND IRELAND REPORT OF THE TRUSTEES FOR THE YEAR E14DED 30 JiINE 2024 Th8 trustees presant their annual rewt and the a￿lited finan¢o1 statements ofthe th*ity for thg year end&Y 30 June 2024. The Financial stateM￿ts have been prepar￿1 in acCOrdar￿ the accounttng pofitie$ set out in 1 to th8 flnanc181 slatem8nt8 and compw ￿th the thanty's g¢)veming documart instiluted on 3 Febwary 1878 {Bye-L￿$ 10 November 2022 revision) the Charfties A¢t 2011 and the ¢l￿ritIeS Statement of Recc*nmended Prac*81"Charities SORP") apFli¢ablo10 Charities preparing their finandal stslemerrts in acc(Kdan￿ With Finana81 Rewbng Standard aFplieAble in the United Klngdom an¢J Reputr￿¢ of Ireland {FRS 102) second edIti￿ issued in Othr 2019. OBJECTIVES AND ACTivmES The obj'ecl of the Mineralcglcal ofth8 Unlt&1 lQtydom and Irdand. *lth vthith the Cry8t4b)lOg￿d So(i8ty wa8 amalgamated on 11 Docember 1883. is lo advance t￿ education of the in ger*rnl (and p8￿Culty amoThJsl $cientis181 on the suty.ect of mirornlogy arKI ￿1 related ￿lneS and to promote research for the pub16c benefit in all aspects of that 8ublect lo publish Ihe u8efiJl results. In lurtheranc* of Ulé said objects of the Sodety but not oth8Nlse th• Counal of the Society may." wtA15h or cguse to be pu￿1$￿ fAKh pèriod￿1 and othw publicatiorn as it thinks ffit, e¥tatAish special intèrest gr￿P$, hc4d or arrange to be hald seminw8, conferences or otherfoms of di$¢wion, oward prfzes, medals end exhl1yb￿￿, reLthVt dcnats'ons or Wuests for ary general OT Spgcial p￿r￿8e connect&J wth the obJKt of the Society. establish or SLWOrt thwi¢abl8 institLrtion having ow sjmilar to the c4.ed ofthe Sodety, do such cAhor trNngs as 8h811 ftKlher the att8irment of the obJ'e¢* of the Swety. LonfrTenn Str8legy Our long-temi strategy remaln$ largely unchaNJèd, lhO￿h ¥Afj have added outreath to ow list of priorib'es. The S￿Iety's alm Is lo conb'nue lo publish fiag8hip joumal8 (In the face of signfficant ch8rwJe in the L4rMknpe ofloumal publlshlngl and116 rolo in the EMU Notes In Minernlogy 8ertès. Support for thè Sc￿ety's Special Inter851 Groups will ContinL￿, b)th nanc￿llY arKI Icgistscalty, 88 it is largdy thrwh these SIGS that the Society Serve8 thè community of min8r8logists. VAII ¢ontinu6 to be part ofthe Elem8nts'tsm4y' of Soc¥eties th8tritrwtes Elgmwts tr> all memb&rs. The Sow will dso b& involved In the organizatKfi and support of 8aentific mgetFngs linduLlng thg Intemational Clay Conference Sn 2025. Our 6tr8tegy Is to provide these 8eNke$ at an affordab￿ cost to membern arKI lilxartes. Our seNko to the studenl communlty, i.e. prov14¢￿ of om y••rf8 free memb•r5hip and 8ub&dLzed mwnbershlp thérèaftér, ￿11 a180 conb'nue. Onlin8 ho$Ong of 8denUflc evènts has proven to be an ungxpeL2ed benefft arising from festrlcled movefflwrt6 imposed ty th8 pand8mi¢,' Ih•8e are 881 lo continue in ¥8￿0￿ formats. Finally, ¥￿ are abcMJt to18unth a rw 'SkS118 and Training. programme, whlch will help ow member4 other8 by provKling w￿￿h(￿S in a mixturn of hwd w¥1 •oft skn118. Wh8t drff8rnnc& is the MM￿ra109￿81 ￿l￿ty seekiw to n￿kO? The Society 80fyks to be a leader in ￿ provi%on of &x'ety to the Intwnauonal ccrfnmunty of mlneraloglsts. Th• or9anlzallon I￿1rtSte8 the gath8rfng of miner8logi8t8 lo d18cuss rn8tt￿ of Mu￿1 inltresL and thereafter lo place infonnth'on In tr* publK domaln through di888min8llon In its publi￿n8. also ex•1 to wpwt th8 tralnlng of nts mlnoraloglsts and to serve 8$ 8 SOLxce of infomati¢)n for the pu￿￿. PUBUC BENEFIT In 8oth.ng our aims and objtttives arKI plannlng our futLwe advrtie8 the tnJste8s have given careful conBh48r8ticffl to thè Charity Commlssion's general guldance )mposites of day minerals, zeolite. drilling fluids. day mineral reactCKS WKI IocAt6on$ {15 (XxrtI￿ from Il*stem centr￿ arbj S(Krthwn Eur(y. Africa. A8ia and s￿t￿ America). The geograk*ucd disthbjb.on ol the put4ish&J papers is Sho1￿ in the ft￿l0￿1ng table: G8wpl¥'cal diStribut￿n of the pufALsf*d paw5 Noof Noof China Tuthey Camoroon Pakistan PhilipF4nes Tunis Czech Republ Frar* 18ra In the inleryal 1" Juty 202￿3￿ 2024. 80 manusuipts were ￿brnitted from 26 cA)Untri￿ from Europe. Asia. Africa and South Americg, 75 of thich went th1o￿h the wstem. 32 of thes¢ manuscripts reje￿ad or con81deTed unsurtable the joumal. Al the s8me time interval, thère V￿re 142 ethtLvW decisions, 45 of IrKltaknJ aCCePtar￿ {37llconditional a(%eptanc818), 45 verdkts SLqge81ed major rgwsion. 17 suggested minw (evision and 36 rejection including nonvsultatslty for the joum81 (rbcte that mora th￿ one verdi¢t is a￿led to èach mgnusuipt, depending on the number of round8 of revi81onl. The overall reJ￿11¢)n rate vrds 42%139% last y6afl. The average tlme from submiwon to first decl.￿0￿ w88 39.1 day8147.3 last yeaTI. Thls time is well ￿trU.n tha target set last year lup lo si¥ week81 and r4 the resurt of the collaborative effort of the editors and the le￿8Wers. There 1$ still a delay in the appèararKe ol the first proof but CUP is working ¢)n thi8 point. 549 revi8%￿$ ware invrtod, 01￿()M 178 reviewwd 8UtffiltteA1 mivws, 128 dedlnéd to review, 240 r•vlew8r8 VOWO uninvited before agreeing. and 3 were lerninated after agreelng. Currently there18 special188ue open. Tho sp￿¥ i$8ue thill InclLMle papers tt*t vnre prosent•d to the MECC24 confergnce that loc& place In pf2¢n. Czech Reput4i¢. Miroslav P05p1561, ofTr)umal's AES will be the gu98t edltor.The dgadline for $utmI8￿¢￿ of manuscnpt8 ha8 been sei 8t 31 DeL8mber 2024. The is8￿ will indude the George Brown Le¢tur8 papr by Katja Emmerith. vrds d8lfvetwJ thring the confor0n￿. An￿U￿ement for this Special i88u8 wll b uptoo¢Jgd on the w8bpage of thejoumal. FIn￿ly, tog¢lher wlth t￿ ￿¥￿8. 8dttor. Jav68r Cuadros, we contacted thre8 potential revlew author8 IN. Fagel. A. Balderniann arKI H. Hong) who agr¢ed lo sutynll review papers. Thg paFer by N. Fagel was put415￿8d in SeFrtember 2024. that of A. 8ak1emiann wll be wbEthd In tknmbor 2024. and H. Hong ha8 not 8ubmitttid the review paper yeL The Edrtorial Board is wot*lng pretty smoothly and most of the members ao ¢Jevoled lo thelr dulles. The tumarowd tlme for flrsl edilorlol deci8lon decrèased ccMd8rabty Comparnd to J8St year and is wdl wthin the Ilme decthd in p￿VIol￿ EB meetirKJ8, i.¢. 8 weoks. A hybrid EB rnee￿n9 11)ok place during the EUr￿laY 2023 in Barf. Italy on 25 July 2023, both wilh physul and distant pre8anc*. A vwlual Ea mo•ting vla v￿r￿Ul￿renCe ha8 be8n sc1*d￿•d for mk&Nov•mb•r. The major thallenge we f8c8 in the publication sth&Jule of the journal, 18 the lag durlng th8 last 2 years. Attfv)ugh the lag has decr6ased ¢M$￿￿er9￿Y 8TrJ all papws appear in thl view OKkn'M shortly after their final disposiuon, their allocation to Is8ue8 romain$ lengthy. We ￿ ty'rrfJ hard to ra￿e the wobbem ￿￿th CUP. The Securty i8sues emeiged In 8arfy June 2024, exacwbaled the lag issue, akno¥t relumeo to normalty in September. The Impact fa¢Xor {IF) of the joum81 In 2022 dec￿90￿ lo 1.1 from 1.5 in 2022. folloMn9 the overall trend observed lor nearty all jouma18 In 2023. Thi8 de¢xoase refflecas the chan98 of the meltrv)d of calculab.on of the IF. Th8 joumal is C￿ th• rfght Ira¢k and we expect that the c￿l8¢11Ve effort of tho aditorid bowd. ¥faff and wb1I8hirKJ 10am will help to in¢w88 the imp8ci fa¢tor fvrthef In the fc41O￿n9 yews. G•tFBlo Interfa¢•s This new Gold Open Access ioumal was formalty kqunched wi July 2023 by the SOc￿ty lat the Lyon Goldxhmpat conferenc81 to SUPFKJrt the gr(￿ing Community with research witerests at the interfac8 between minerabjy and the biosciences. The joumal complements the Scciety's other established joumaL8, by focusing on ft)ur key areas that intersect across Ihe geo-￿0 Interf￿.. bK4ogul (includlng but not limited to ffdcrobiall systems, environmental, gec¢hemical (organic and inorganic). and energy and ￿sourCes. Original submission$ describing fundamental, theoretical, experimental, or applied interdiscplinary studies Fertaining to any spatial or lemporal scale are cons￿er0d in scope (including research art￿les. reV￿v￿, and rapid oJmmunic8tions). This scope is further SF*ufied by the following topics. 8•ctlon BiologrA cothis in thé ￿jern ar￿ arKient ge(wvironment BKJkngkal eontrc48 in astrcgg0ts'01(Jgy Blologlcal Biofilm fomi functi Contiibutions to ￿￿3￿eMical cydey 8bweathering of Min8￿8. r(Kks and 60iL% Bioremediation Oft0￿]¢ subSts￿ arKI emwging ￿rtaMInarrt5 Envlronmgntal Blocata￿S of minerds blminw￿lz81fir Biologtal cthjs in carbon eaptute, 8t(Ka99 and disposal MinerakmicrnWfluN1 wIl￿s, thwThK>*Y￿mkS. 8Th1 klnatltx 18Ot¢Jpe {ts'olgeo¢hemisty (knhomlcaj Geochemlcal and blog8thth￿cd re8c*on•. Controls s￿1 scallng Trace metals and organu in bic¥eocheml¢l cy(Je8 Blotranstomation ol ￿m)m1(alty important and 8leAnents Challeng08 of ¥uSt￿n91Xlty and g8(Mnaterial• Enoryy & r••our¢ Microbmiinwal intwtsces In lo￿ woductivlty and afvlbJre Bk)mlrlrwJ pr08p•￿tr4 arKI rn$ou￿* rKovery The loumal w88 estaL418hed durSng th16 reporting perfod Ith three Prfnclpol Edltorn (Jon Ltyd, Universlty of Manche8ter,' Hall￿￿9 Dcffjg, Chinese U￿Ver$Ity of Geoxaence8 8ejing'. Annette Engel. Univer8ty of Tennassee), and a teom of 28 nlamational A•oo¢late EdKcYs (beltr*l. A••o¢lat• Edltov•: D¥nN?l Alessi, Unr￿[sIty ol AJb¢rta. C•)•Ja. Uane G Benrwng. Geman Research Centre for GeosGienc88, Potsdam, Gormany. R121an Bemier-Labraru. Écdo Pdytechnique Fédémla do Lw88nn8, Swltzerfand. m￿h091 E. Bottchw. Univerwty of Grthld. Gemwny. Caw Bryea. Univerwty of Bristc4, UK Julie Cosmid18, UnNof8ity of Oxford. UK. Ylw Dong. China Unfver&ty of G&)sc1￿ceS. Chln8. Rosemary Dryrington, Rh)de8 Untv8rsNy. South Africa, aiaoyun Huang, Huazhoro Agricultural Univer*ty, China. Plel Lens. National Univwsty of I￿land, Ireland. Juan Llu. Peklng University Beijing, Chin8. Muammar Mon8or. UnNerW ofTuet4ngem, G•mi•ny. Jenine Mccutcheon, University ofwalerfoo, Canada. Mohamed Mefroun. un1vw￿dad de Granada. Spain. ArKiy Mitchdl, Aberyststyth Universty, UK. Mihaty PO8fal, Universty of Pannonia, Veszythn, Hungary. Kemn Ros80, Padfic Northwest Nationd Lobornlory, USA. Ana S8ntO8, Natural Histfxy MuseLxn, UIQ Plnakn Sw, Indian Instituto of Technc4ogy Khawpur, Indla. Yizhi Shong, Chino Unlverslty of G8o$derKe8. China. knang Shi, China University of GeosCW￿. China. Luaan Stsicjj. Unlv¢rlty of Worsaw, Poland. Yohey Suzukn.. The Univ8rsbty ol T￿0, Japan. Ellzabeth Swanner. lowa Slate Unlver81ty. USA. Dcfflinique To￿or, University of cOp￿h¥5•n, Oenmark. Eric van Hl￿le￿sCh. Instrtut dg Physique du Gthè de Paris. France. Karrle Weber, Unlversily of Nebraska- Lincoln, USA Jie Xu. Arlzcna State Univernrty. USA The fir8t year of1￿mal advnles focLmd on reututing the AES rnfinirvJ the w of the ioumal vrith thglr hdp, the infrastructure for the jourrffjl Mth CUP lU￿r￿￿ their e￿31•ng platfomisl. prorncrting journal and cC￿MiSsiOn1ng arts'des. The Prin(ipal Editors the excell8nt support from CUP (Chris McEntee, Catherine Hill and Hary Busty) throughout. Helen Kerbey has also played a role as the Soc48ty Produc*on Edrtor, offering strong 8UFWrt lo the editorial board indudlng the logistics of proees$ing first submissio￿. The jwmal V•elct)med rts ffir￿ manuscript submis>on in ￿vember 2023, with the ffirst threg articles ready to 8ppear al the end of the peritsj und8r consideration. Collectiorrs boirva promote¢J includ8.' "Biominerals. and Tr Biog8oWere.' Above. Bdow arvj Beyom". *lth fUrtI￿r colleclions undèr ConsideratiL￿. th the lo￿al now up and Nnning, c(￿mIss￿￿n9 of suL¥nls&on6 is • wiorty 88 G8fr810 Int8rf8Ges b8com88 estsbl1str￿d. The SocieV6 SIGS are eneouraged to promot8 ts joumal. and •nc￿rage new submissions. %thte we contlnue lo publicise the loumal at nationallintsmationai meelings {e.g. EGU, EMC, Goldschm￿stl. and via th¢ Soryety's and CUP'$ marketlng campaign8. Applled Mlnernlogy Group The group has V&elcom8d committee membws: Bethan Payne (Ethrt*urgfil- new student representative and EDI rapresenlative.. Martin U IB¥ighlon)- Ordinary commiits8 member. Ony+Jika Anthwy Igbokwp (St And￿s}- ordinary cc¥nmittee member. and Rad￿ Pums lsothamp￿I)- St￿10￿ repre8Wrtati¥e. Many thank8 to depariing mwnbers Katie M¢fal. Hmh H￿jh•s. Ra(*d G￿1￿. Browrncomb8 aThJ rim Webster. AMG Burnary calls wgre hekl in September 2023 and Wil 2024. Tor4c8 fLxJd¥l 1r￿lL￿1Qd Gooctsmical characteristics of regolilh hosted REE deposits, Indla,. The rde of fluids In (gitic4 Met￿ der4)Sits; ts metallurgy of sulphide Mineralisati¢￿ in the Northem Bushveld com￿eX., Magmatic controls on Nl-c￿PGE Mineralisati￿ in Ihg Pl*regf. Earthquake damago in mlnerals.. Seaficor minetalisaticfi." Novd mlneral processirg t￿hniqUes., Critul metsls doposits arKI prccesyrvJ; MineT81- ml¢robe Inleradion8 in geologkal disp￿￿ faclitie8. An impres￿Ve rnnge of applied mHigralogi￿l researchl Issu88 ofthe gr￿Jp'S nMiett8r, Appl￿ Min8rak*381. compilod Iw71h a many to Clwisuan Bi8lK)p for ￿lIt￿1vJI •J GIr￿lated to the MI￿ra10g￿8l S￿iety Memberstrip in July 23. Dgcember 23 and J￿)8 2024. AMG members attend the Mlneral Dgwsits Studies grw Ann￿1 PAeeting in EdIrt￿rth V-Sth January 2024. The group $pon8ored the prize lor the best student di88ertab.cm W￿¢(1. Tr prize was awarded to Andy Battagd from Cambome School of Mines for a dissèrtation on platinum-grcAJp elemerrt mir￿￿11$al)on the Platreef of the Northem Llmb of the Bu8hveld Complex. Clay Mln•ralB Group Committee Meetiws Tho CMG hdd four cM fvAly handed uierthe publicati￿ of Iho ngvnlgttw to Ihe nthv team. follo￿n9 a joint produthon ofthe fourth rJ&vAèttÈr. Original aditorfal team.. Megon B*er {Unlver8ty of ￿rhaM). Nia Gre￿Wann￿l (Hutton lrnbtule) and Mag91& IAhi (Newcastle Universtty). Current tgam.. Hannah Pollak IUThveW of Edblkn￿), Gloria Ishoffidd Hall￿ Uri¥er81ty1 and Jagann81h Bi8wakarma IUnNerslty of Brk8101). Bu￿rieS Tr CMG continuos lo offer suppjrt for conference attenda￿ throuth their ¢xdlnary I￿r$ary. In the reporting b'me. we have had six ap￿le8t￿on$ for ordinary t￿rSa￿e3. of %thich f￿r￿re avrdrded for atter¥Jing our RIP meetrng. However. three remained un¢laimed due to issl￿$ vAth wsa aP￿ie￿"0nS and changes to travel ￿4￿r￿. The crther Iwo awlicth'ons Ilo atterKI ¢)ther confererbcgs) were dedined. We have had one ap￿iCation for tyjr reseorth granL H(h¥evw. tri8 Coukl not be w(￿Sed lo incomplete infom18ti0n. The￿ will a focus on adverrisiryj this wt gjing foNArd. European Clay Gnjups A&s￿￿n (ECGAJ During this ￿"Od the ECGA, ofwhi¢h the CMG is an ad]"ve member, have elecied a r*w p￿dent arm4 Secret￿ for th group Imaguy Jaber and Petsr Uhllk. rewtively}. The group has a￿) aThd agreed in princirAe. the Spanlsh Clay Group's proposal to organise run the ￿xt Euroday meeting. will b8 the first utNJ8r the new n￿ne of CLAY 2027. Under the new leadership, discussions have ￿$0 start&1 reg¥ding applwng for fvnilro for tralnlng and nelwortrjng events. A FXOPOS81 for COST Aclion funding 15 at the eaty sty ol pirring and should be submitted in Ociobèr 2024. CAIG-sponsorndacbvities George Brown Lectur8'. Dwing tho repcvting perlc41. the CMG wovided talks at wasUtyou8 Clay cOnferer￿ Such as Euroclay (Barf, Maty. 2427 J￿Y 20231. ¥**re 8islK)p (S￿1 Institute & NASA Ames Research Contre) delivered Ihg 24th George Brown Lecture {CharnctenzingphyllaylK8les on MaTr and what they rnvèal al)oul anuenl geo¢henuGal envimmentsl on behalf of tho CMG. The review paper rdated to thi8 G¢￿e Brry•m Leclwe wll bo publishgd in Clay Minerals soon. Conference OoanJsatJ'on The CMG. un¢Jer the le&J ol Stev6 H￿ller and Kevin Murphy. th• ¢xg8rization for the XVIII Intemgtlonal C Conference IICCI in Dublln. Irdand 1>18 Juty 202S. The websit¢ is rthy Fopulat&J a lol of irrformatlon. Induding detalls on available bursaries lindudlng those from the CMG) and detall$ fty the call tr 8e88ioM ¥thlch wlll open In July 2024. Sotyal Metha The CMG'8 Twllter {X) a¢￿￿nt i@CMG_mln80¢) rwnains OM ofour IM￿rtant Mea￿ ot cethmunlcatlon. Tho knnko(In Group (Clay Mlnaral8 Grcw IMinerSoc)118 t￿tirVj outreach to and cJ)mmunl¢aYon vitti industrial coleawel. Howle Aword- NovemLwr2023 W6 extend our congratulation8 to Marta Peiayo. S(hn*J. Franc4tco Javier Dlaz-Puente and J8rOnlmo L￿- M8rtlnez, who were w1n￿r$ of the 2023 HowT8 Award (Best Paper Awdrdl for their paFer, Ch8r8Cterfz81ion and distn'bthp)n ol¢lay minerals In soils 01F￿deS Peninsu18 •ndAthy Island (Kiw Goo￿8 Islwxd, m8thne An¢8￿￿8). Th•iT papor YMS pthli¥hed in ourJoum•l Clay Miner81s. Annual G•n6ral M8&bng and CAIG COMM￿e￿ Membe￿Ip The CMG AGM was held Onl1￿ on 21* Novemb8r 2023. H*en PeTrJknvrtkn was elected 89 Cha* of the grwp and Ank• Neumann as the Secretary. Kirill Shafran was elected lo replace FrarKa$ Clegg as Tr088wer. Francis ￿711 remain as Jn ordlnary mwnbei of the committee, but wo thanked him dl (rf his %wJrk durtng line 88 Treasurer. The committ88 member*#p for 2023r2024 58 a8 frJItrAry: Ghar. Helen PerKlI0￿1 SecTetary.' Anke Neumann Tr8asurer'. Kinll Shafran Priwpal Editors Clay m￿￿[￿1&. Getyge Clwtstith8, Clxffi Hui ZP EDI rowesentats've.. BIr￿Y Sarkar Members.. Megan Baker, Franas Cl*3g. Steve fr￿111er. ￿rn￿ Kemp, Alastsli Marsh. Dwd Way Envlronmontal Mlneralogy Group Comnwlt88 Roles There have been sorn* furth8r c￿nge$ to the rdes ￿ the EMG Committee snce the piewous annual ￿Port. kng.serving members of the committee, Laura Newsome and jam￿ Byme. have stepped (Sy*m from the committee. Other meM￿rg of the Committee have also léft ar￿ so there is now a new.knk EMG committe8. Deskyte the than98s beluw, the committee is actively 88d(Ing members. per￿Cu*￿Y Itkxe *ish lo j¢An in rde of Early C8ra8r ryrg58rrtav8. Th8 cwr8nt ommittee Is as foll Chair Luke T(yhnsond Secretary & EDI Repfe8enl81ive: Kath R¢th**ll (k.rothwpll Trea$uw.' Tom Neill Communication8 Offlw. lid( Kimber Earfy Career Repfe8entstive.' Vacant Student Rewesentative & Newsletter Edlior. Lath￿ Haigh Industrial Rewiaentative: Aislinn Boyl bristc4.ac.uk) R8sg8rch In Pff•)rnss (￿P> M88bng 2024 The 2024 EMG RIP was set to takg ￿0¢e in Juty and was very su¢i*ss(ul. Th meetiw was hos19d at the Un￿OrSty of Manthestsrjoindy the RSC Radi¢xhemisty GroL4). A fiJl rwl was Submitted lo thg so￿￿ty and is due for publicatlon in'Elements' magazine.The meets'ng brought logeU*r researdws from a wde Variety of UK instttuknons and career stsges for a valua￿0 Iwo haff day meeting vknere themes that V*ere covered induded r&Jioathve non-radioa¢Xive contaminated land, ggological disposal of rJdioac*ve waste, mining. Tre keynote talk w88 ddNered ty Prof Clalre Cothlll IUnlv8f8ity of Brislc41 vth08e eng8ging *KI inloresting vh)rk interse¢t¢d tre two Ihemes of envlmnmentsl mlnerdogy and radkchemlsty very well, drawin9 on naturalty ¢xcurrir4 mine￿$ ￿ h8lp to inform dlspc6a of radioactive waste. As ts meellrg was hdd j(¥nlty wth the RSC RadIctl￿ntyty 9rcup. tr*re was the OPF>Ortunty for EMG members to explore r￿4 area$ of 8aorKe lo they m8y not usualty be 8XP08ed. Inc1￿11ng athanced 8￿ctrO$COple analytical techniques arKA modelling. This was al80 truè for memters ofthe RSC Radlochemtsty grwp y￿re attending and as such, good, In￿ghthJl discu8Blons were had befvnen all atteNloe8. These wsthve interathong ￿re ￿1 just limited to the prgsenlation 8e88lon8 a8 the cwond med was wdl attendad and thi8 prow¢Jed an invalua￿e ¢ywtunity for ￿e￿T￿Or¥ to nthork wilh thelr paar6 In a more relax•d 8ettirs. r.-ItAI-_ Newsletter L8tham Halgh ccrfnue8 to *￿rk on the ne*sletter *ith the * vwwon avaFlthe here.. Ex ore Earfy Carter & PhD Bu￿arieS Overthe year. ￿ sets of Earty Crnr & PhD ￿[sary ￿Te •varded. In Novemter 2023 on8 Earfy Career biwry was awarded (Rémi Rate8uI alongslde one PhD burgary {Bcwlharee Chomhom). In April. three awards made,. one ECR (Natalle 8yriJ) and two PhD 8tLthts {AKlan Friskney & Mingyu Feng). EMC fDublinJ Siwort The EMG agreed to supwt th8 cost of a spe*er at the intemational EMC ￿￿ferenc% in Dublin. The Session ICry8tallisatic4) of cart•)nates." m￿haniSM8, kinetics. methots. &4se s￿0$, and novel 8pplication$), organised by Réml Rateau, Invited AsNey King of the Natur￿ History Musewn. Lcffjdm, to present theirwork on Tr¥ing Fluids in the Earty Solar System ￿ng Cwb(nales'. 10- Goochgmlsty Group The Geoehgrnlstry Group promotes g9xtr￿mIsty as a th$U￿1n8, and enhar￿e links te*n tr* many aw8 of ge￿heM1Stry. We have 8 p*ticular fccus on eaty weer ge0c1￿lsts {PhD candidates and pxtdoGsl and look to provide 9￿W¢8$e for new geochemlcal tslerrt in the UK and Ireland. Our main actiwtse6 indud& an ￿nUal Geochemisty Group R¢6earth in Pro3ress meeUrKJ in Awil yw {Durt￿M in 2024). a8 TAell 88 ruming FOSt. Clare Ivarren IOp&n Univer￿ty) V8c£nt.' EDI offl¢w. Fldd trlp organb80r. Intèmational Mlnoral Phy•l¢s Group Rese1￿h In PrDgrn%S me•tlng 2024 Much ol our efforts over the past year warn lo￿$8•Y M pl￿n[l¥j ow Re88arch in Progrn88 m••Ung which took place at th8 Dopartment of Earth Sciances, UnNersty College L¢th ￿ the 18b) 1V of J￿Y 2024. Thls Indudgd deslgnlry the event, Setting up a regislratson website, adverb"&ng the ev•nl via mailing lists and T￿tter SnvlllNd speakèrs with a VI￿ to 8n8urfng a careful balance of gerKler, career slage field. The meets'ng wa8 wNnarily an 'lrFparson' event bul did hav8 onllne attendee8 aleo. Al talks w9re TKorded and made awlatle Ilyough ￿ rneetlng **b8rte. 8ec4u8e of th8 central London location. booklng a venue for the meetiThJ dinner wa8 a challenge. ¢Jpted to COV￿ the ¢ost of the meal for attendee8, Me8￿n9 th81 we ￿lAd pre-book a venu8 at 81rkbock. Unwersty of London. Overall, our cost tsthe m8efjng was higher than In recent yearn. £1750, meaning a Sm￿1 re￿￿11￿ in our L￿get suWus. After meètlng con¢1￿$&d. ourAGM W88 held. vth8r9 Ihe deu81M lo Invite aFpIKalbns for a new th8ir and al lea81 one r￿MItt0e mamber was agreed. It wai a18D doddgd that tho naxt RIP moowng VAII be hc*ied ty E￿￿￿rgh. Student burnarl•s The MPG run8 8 81udenl ￿Tsary Stheme supports student attendvth at 8¢ientbfic V•r)rkshop8 meetirvJ8, travel expense$ rel8t¢d to research VI￿ts ar￿ $m811 UK-b88ed re8earch proJ'e¢ts. Snce the last rem. V+e have had 2 8pplicants to this •chemè, tdinary Membern.. OINer Lord {Univ6rsity of Brislol). Aurnj Rae (Edinburgh). Tetsuya Komabay8sF¥ IEdinI￿rgh>. Claire NI￿15 (Oxford). John Wieeier (LlverFQ(A), Fred Rithards (Impwtal), Zena Ywnes (Ethnburgh) WKI Swnon Hunt {Manchesterl. Vokanlc and IAagmatk Stwile• Group The main activities of VMSG are conlerenees. sFKsrwing of award$, fvrKliry travel bjrsaries for PhD students, pubHshlng quarterfy now8letter and ke¢pir4J in wular contad *ith cx)mmunty through email and S￿181 me¢Ji8 (X. Facebwk. In8tagr8m and ow YouTube chann￿). This rewt summarises acti¥￿e5 frixn Juty 2W23 to June 2024. VMSG C¢)mmittee meelings The VMSG committee meets fcmally por Y￿[. ￿ Jw DecemLw. In betsveen these dates, arrawe awards meetlrKJs, a new structure adopt￿ over the past year to ensure that wr awards timellnes fil better WTth intemth.onal cOrrferw￿È scheduling and the summer fiel¢frwoth period. 13- At the cLynmittee meeting in June 2023, il was deaded to move winter committee meeting online, to be held in December, r8th8r than haviro the main committee meetiry at the January VMSG confer8n￿. given time pressure8 on the ¢￿f￿ence schedule. This also meant that final disCu￿on8 on c4)nference str￿lUTeS can be amoNJ the commrttee, a￿ad of the confererKe. A shyt. irrformai committee meeting Was dso hehd in O(Xot¢r 2￿2310 progress di8cussM)ns on 60" AJ)niversary Flans. We will retsin the timing of ￿ne and December for the man c¢xnmrttee meetings in the future. Key discussion pc¥nts at the C*cember meeting were F4ans for the Bristol January 2024 conknnce arKI final de￿510n8 on events to mark the VMSG 80th Annlversary (see bdow). A secoTha committee meeting was IK%ld in June 2024, where maj dIsC￿s1On polnts were plan8 tr the Dublin 2025 conferenc*. alongskle Lwated on Annlversary events 8nd an Lydaled VMSG EOI SLwvey and rep)rt. A separate awards meéting was hdd in April 2024 to make deas￿)n$ i)n student tr￿r88r1•6, whith worked well and made thè June meeting more streamlirnd. A short committee meeting was also held at the January 2024 meeting in Bristol. The new sIr￿lure has the ￿neffit of ensurirg more 1&3¢Jar conlact among Ihe committee through the year. Conf6Trnc&8 The Annual Wnter meeting held at the UnNersity of Brf5tol from >5 JanLOry 2024. There were 201 in-person regIStr￿ts and 10 0￿1n8 attendees, a 55'.45% spif( of skndents to n￿￿$tudents. Trys balanee was relained in the division of 43 or8J presentatio￿. There th*ire 115 p)ster we$￿tiL￿8. There wa$ a split of 55'.45% female to male identtyng attendees. cOnfer￿￿e sessions ¥￿Ie all mixed in terms of theme and inc4ud&J pwent*Sons from the three VMSG award winners. Befue tha conference. four woth8hop8 OpJa￿$ed. wth 55 parlclpants overall. The wKirkshops waro led by various members of thè VMSG ccfflmunity, on Ihe loiics ot. satellit&based vokano mor#loring; data vi8uali8ation., volcanotss and their inlefs8etion V•ith so•.. *KI an ECR fèlluwship wrriting Vthlh￿. Tr conferewi was followed by our AGM vthere we communicated and discu98&J VTrASG eommitteo aL*vfaes with the membèr8. hosted foNms with st￿yont memb8r8 and Eady Career R688archers and a new forum d&11c4ted to equalty. (Avw8ty aTrd inclusion. The Confere￿ sbjdenl award8 went to Tegan Hav8rd (tslk> 8nd Ceri Algood (postef). We would like to rwd thank8 to all olthe IC￿ ¢yganl*NJ Committee of Pele Rcthley. Jullet 81ggs. Sam Mitc*￿11, Aiha Nol•mith, Matt Watson. E¢Jna tknl•h and Vlbb•r. Finances The total balance in thg VMSG account on 30108r2024 was £32,372.74. Thls Va￿ Is unlikdy lo be able to 8UPPOrt the full CO8t of ¢ov¢rtng an annu•l ccthffjnce In a V￿rSt-Ca$￿ s¢enado 80 8tt6mpts ¥AlI t* mada lo gmw cmjr bank balanc8. erthe year, the committ8e Iravd experAe8 indude ￿$ts incuThed for atteTrYarKe at the VNSG 2024 8r18td conforence. A totsl of eight travel bursaries wpre daimed In the rwrting period. One %wNk8hop at the Natural History Museum wa8 8upport•d alorvJ8ide 8upwI for the inaugL¥al IAVCEI VIPS conference. Awards exFerKlilurn inrJude8 £400 for the WA 8￿rd wnner (Edna Dualeh) and £300 for studgrrt prize wlnneTJ tregan Havard and Ceri Allgotrll at the VMSG 2024 BriBtol confer8nc8. Expe￿88 catg3orl8od under'olhgrf IndLKl8 an annual wjjrt chaTg81£592.00), and a copyright payment 1£101.501. £840.29 wa$ Spent In SUFWrt of Cwro H￿8¢Y$ travd to fewosent VNISG at IUGG {8hcMn In 'Meetiry6 and Conferenea8 SupK￿rt and DcA)alw'l. We r•¢6ived our annLHI Contrit￿trOn of £2000.00 from the parerrt SOCI￿leS, £433.08 in int•r•st from investments, and mlrKJr relmbur¥•menls from VAT reclaimed. al80 received £3.428.68 in surplus from th• VMSG 2024 8risld conferen￿. Tho ngt thange In tha VMSG bank balance 12107r2023 and 30106r2024 a1058 of £1298.97. VMSG Aw8rds and 8U￿ary ￿nn& In addition lo tho stLthnl awards yosth)bJ at the Bristd me6lNig In January 2024. vn pres￿led at 8rf8tol Ihe Wlly Aspir￿11 award to Edna Dualeh (Unive￿ty ol Laeds), the Zeiss Award to Martin Mangler {Univerrity of Durham), and the ThemoFisher Award lo Clive Qppenheirnr (Urtpmrwty (* COM￿.dgel. The 2024 awardg Mll be Weed later In the year and presented at the 2025 DU￿1n meetirys. Two st￿￿nI trusarigs wer9 awardgd In January 2024 arKI. follvmng the rgvised award5 timglinè, with dea%ons now lo te mwjg on awards rounds in Awl and Octoter, t¥￿ futhr slLNJent burswies ￿re ￿larded at the April 2Q24 awards meeting. The Henry Emeleus award was also a￿d at that meetiTrJ. r awards (xitoria hav8 c{￿tiN•j to be a th8CU88ion point at committee meetings, *ith ¢hangos implemented lo th8 awards timeline. as noted above. and to other raquiremnts. The studant ￿rSary appl￿tiOn rounds have been mved lo March and September. to b8tt8r match with the main conference arKI ffield season timing5. We have also moved the appllcallon de8dlSnes of the Henry Emdeus grant and the Wllty Aw'nall and ZeS3s awards to ¢d￿lde ttie8e dales, 80 Ihat award8 can be dealt with In slKJrt meetiros 8epar8te from maln commlttee meelngs. The main committee award, the VMSG awwd, VAII also ￿ decAded at the Autumn meetsng. Chjr changes lo submisslon rules are I￿gn&Y to mak8 a￿$81b111fy lo these awwds as wide as PDSSit4e. VMSG committee members carux)t rnminate for ary award {dthough can self-nominate for the Zeiss ￿arrI} wll not be invofved in ev81u8ting ary award which they are eligble. Memtwshlp Our on-l1￿ presence ran&ns ￿l￿ty adive. InfomaiiM is disseminabl lo the group members via our newg18tterwhich 18 drculated qu8rt&ty to 8 m8iliro list of-1000 [*0￿è, via thè VMSG wetsrte and xbve sodal media accounts. VMSG ￿M￿er3 ¥e self4denb"fying we keep rn li8t of memkrs. During the past year, c￿r EDI officer led a new suNey, which has fed into a rw*t thatv•ill fin81ised durirvj late 2024. lo he* us better understand our commwMIy. 14- VMSG 6￿ ann￿e￿ary events The Bristol meeting marked the start of the WSG W An￿e[sary events. At the meeting itself. this induded a keynote tslk from Prof. Steve Sparks; the Organisatic￿ of an art arK1 pmtography exhib￿On, vthich wa8 displayed atthe conference and w88 aiso used to produce 8 60 Anniversary calendar. the Bristc4 VolcaTrJ Film aTrJ Art Feslival, which wa8 held immediately after the Bristcl ¢￿feren￿ at the Waters￿d verth. InV￿r￿j the s(¥eening of films (one *llh a free scrn8nlng). di8cus8ionlQ&A. and art exhibrts and ac*wbe81fr8e enty). A 8wies of seminars has been rww)ing thr￿￿ 2024 al unlversiti88 UK orKI Irdand to mark the 80th AnnNersary. The8e are, whwever possible, streamgd an¢￿C￿ r￿rded for the VMSG YouTube chonnd. They we also opgn lo the public and to students. Generally, these h*e Lwn part of Ictsl s•min¥ series Ixrt badg•l as part of the VMSG 60" Annfver8ary events and via stnLtures. in ￿ldi￿On to loc￿ adVertI￿.1¥d. w0￿$hop$ and ¢*her events Two events We￿ supported by VTrASG Sn Juty 2023.. the Senwng Vdcan¢)86 e>hiM, wlich ft>￿￿ed part of the Royal SoLyety Summer Exhi￿"b'an, and the Resear¢hoFS Responding to Vokanic Cflsos wcAk8h¢)p. YouTubg, Social m8dla andw6bs#8 Sodal medla fdlowrvJ8 have contin￿1 to gr(w gradualty thrwhoLrt 2024, with ts exception of Twlt8rlX whith sllghl dettease in the Lqtter haw ofthe year <1￿U￿ thi8 h8n't unejpeded, glven the ccnb'nued Migrat￿ of ￿demiC8 from T￿￿tter to 81ueSky). From Cttober 2023 to October 2024. loll¢y•&prs ￿ Twittertx total 38118%. In8tsgram 65 110%. YouTubo 28 1 10%, and Facebook 4 11%. Specik detalls are a8 fc41¢M: 81 . Over the past year V￿ have rKe¢ved 3.283 lotalllng 108.9 hour8, which is roughty equivalent to the prèvious year. There was a spike in View8 as8oclated wth feleaso of tho r?￿rding8 frryn the first of our 80° annlversary 88MIna￿ in May 2024. SUb￿riPtiO￿ to wr channd are ¥orndi¢ thrO￿hOut ￿ year. Of our m08t walthod VKI•o8, the malorfty are recorded cg)nferenc8 presentallcffls.. 29 have >100 views. Our most watched rem•lns'Addresbing 1nequ81K￿S in thg VMSG C￿Mund1￿￿th 822 VIV￿ lo date. Traffic to video81s mosljy from a mlx of playlSst. extemal and YouTub• search sowces. befvrten them ￿kIng up 63.8% of vie4VB. The main •>lèmal 8our¢o1 ore Goo￿6 8aaTch, Facebook. X. aryJ the VMSG webslte IlnclLxling preserrt•fs lin￿ng to thdr own talk31. I2@1￿.. Qjr twed8 over the past year have usually 9gnethd-7CK).2000 vitrws each, ￿u81￿ Mith a dozen or 80 'Ilke8' and half a dozèn reposts. Engagemert h$¥ ¢￿tir￿je￿ to drop 6inc• Ek)n Musk's takeover and aB8(Kiated ch8nges lo the piatftym. vknich18 refiècled in the fact that Jwe *)d October 2024 wo108t fdlowerB for the flrst Ilme. Recenfjy, our most ¥￿d/r￿eeIed tsveels have Inve4v￿ aft￿ur¢eMents for INSG ￿ard nomIr￿￿o￿, and advertisement ofour eo, annivwsary sgminar wies. Oe8p4te the f￿nt drop, *p've seen an ovèrnll Irueaso in new follo￿r$ over tho past ye 1381) and surpassed S,000 fd1¢)¥￿T3 the eThJ of 2¢y23. ￿10 has eeemlngly been no movom•nt on Mu8k'¥ threats to brlng In a $ub8cripts'on mod81 for 811 users, bul the apparerrt MISManag￿n8nI of the plaffcm and proliferation of dl8lnfom8lbon le8pKidly regard to 8cienbft cont8nll has 888n a stoody migrnb'on of 8ca¢ntists and soence communieator8 to other plalfom)8 gs Bluesky. A8 have also been able to establish an •¢¢ounl on th￿ platform, we can engap Iho8e thal have moved and are yel to by p08ts btsing shared on both ui tandam, and trend8 In follower8 for both can be monitored goirs fr)rward$. VMSG Gommllt89 2024 Chalr Prof T8m$in Mather- Unlversty of Oxlord Honorary Se¢xotsry.' Dr Seba8tson Watt- Univernlty of BlrmirKJfom Hc￿0rary Tmsuier.. Dr James Hithey- Universty of Exeter. re￿•￿.n9 Dr Saml Mikhail- Univerxity of Sl Andrthys from January 2024 Ordinary Memto Kalle Preece (Equdity, Diverslty 8rnJ Irth*M Offi Jamgs DaLziel {Soryal Media lead and thadu*iry INeb manap Emma Nthol6on (Liul (Awards and Bwri6s> Br8ndan McComid( IEventslOutreach) Pgte RovAey IEventslOutro8d)) Lara Manl ISp)nsorship) Clalre Hamett IECR Rep) Ed McG(7wan (Web man8gw) David Neave )nknbute to the Secre￿8 ongoing gfforts lo fo$t8r EDI. to consider becoming an EDI Committee rrffiiber. Pknse O￿taCt the Chair, Vke Chalr or Kti￿n Murphy if you have any querles atK￿l Committee membership or rrje ex￿￿takn. 15- Whllst the remit of the EDI Committee was arKI remains Lvoad. we have foojsed our efforts during the pedod on advanclng three key a￿s, namely mwnbershlp. awards and m8gtings. Wllh membershlp our goal was to gn5ure a unlfied and o￿n 8pproach lo increaslng membershlp numbws. broadenlng our geow4phul reach. and m8klng our membership more 8ccesslble and appeallng lo a w¢Jer range of people. geographlcalty. ec1￿MIcal￿ aFKJ respect to career stage. To achieve IhL8 wo have thought long aThJ h8rd abtyJl wordlng on the website. in addilth lo membefship rates, our free membershlps and membership benefits. The results of ttis InchKle a doubling of thg free rr￿nber$hlps each year1150 to 3001 and an extension of the fr86 membershlp pgrtcd lo three years. logelh8r other benefit modlflcallons Il$1gd on the memb8r8hlp pages in .or One of Ihose benèfits relates lo the sacond of our key areas of focus over the perl(xl, meetings. Meetings 8r¢ now hfvid a5 slandaTd and we have g¢nef8ted a calecklist ts th080 ganlslng C￿ferenCeS1meeti￿gs lo promote iJiver¥ty, i￿U51￿ty and equality at al stages of organlsalton l. As part of our revlew ol meelings we have th￿ght 8boul our Code of Conducl en$ur8d greater vlslbllbty on the Min&* vthte. In addlllon we have made synificanl prc#Jress In dlscusslcfis on how members and meèting attendees can report Inudonts ol bultylng. harassment, d1sulmlnati￿ or any other unwanted and nacceptsble behavlour during Sodety events. Finally lo awards. In reviv*Ang tho wcrfdlng previously used for oach award the Commlttae recognlsed that there often amboullles, and at times coftditions and ellglblllty dld ￿t take Into conrAderallon issues suth as career breaks. These Issues have now been fesolved on the awards pages and ell9lbllity crfltria more robustly and coh¢renty descnbed. We have 8L80 exlthth the crfleri8 congd8red. movlng from th8 resirl¢lve '8vldgnce In the form of publish8d resgorch" lo a broader range of eonslderai￿ns. Furthermore. one of the koy deb8 a￿Und awards was whether p8cpkry should be to s6llallt)rlnatelapply r8iheT than req￿T￿r￿ olh8rs to nomln8ts Ihem., It was de¢lded Ihe fomier would be standartl gotng lop￿r￿ #nd the website r8fiects thls. FINANCIAL REVIEW Tr•a¥ur•rf• R•port Thls report13 underplnned by 8 full set of aCC￿nts which have been 8udite(I by an Inde￿ndent audltor. Thls measure Is in place to ensufe th81 Soclety Is bein9 run In acccrfdance with Its charilable slatus. and glve a Iruè ¥1￿ of Ihe financ*al posltlon of the charlty al thls Ilme. The maln 8￿mmary of thè ￿n￿m• and exp8ndlbJre ol th• soclaty (an be 80gn In Fl9. 1, In tho con8011datod Statem￿1 of flnancl81 ac1v￿8S. The Se factc* into buW'rwJ moving foTh¥ards as the publishlng landscape is changlng. coupl￿ to ts decrease In Incomels an lft(Trase In exp8ndliuro IFWJ. 2). Tho SIG eXpeTh1ttu￿ has increased slgnlficanuy Ibeyond the increase in income} and I think sh￿Id be tsken as a positiv8 stgn- Ihe SIGS are increaslng theor activities agaln follo￿n9 the recovery from the pandemic. and a￿ supwrb.ng mre travel bursari8s and ￿ferenCeS than in rwEnl years. It should bg hlghloghtsd hwe thtsu￿ that Ihis Increase In expendhure is all agalnst mcfiies already held in thdr Indlvklual accounts, thgy are all In credll (see note 11 of the full a(wunts for the ba18nce of eaeh SIG grtyjp vthin the maln SIG aecounl). Other eynditure has largety Increased as we would expoct. orru expenses hève Increased Istaff renumerab'on, Insurancp. ulllllies eic.}, bul the balance of exponses a$￿￿ed to tharitsble aafvity compared to Ihose of govemance remains relat1ve￿ constsnl. whh 76% of staff time. costs arKI 0ffi¢g Lwge SUPForUng Ihè charrtable acuvmes of the som. and 24% spent on g)vemance 8nd Supp￿ ts￿ts. This is Comparab￿ lo th8 benL*marks suggested by the Charlty C￿mIs81r￿. 2*745 140.101 1Q I•AO) .18.0 iJo 487 10.327 IMJ? •7.1•3 1¥.2n 212 114.211 FSgure 2. Summary of Soca8ty 8nd expenthlure for Ihg finandal year enthrwJ 30th Jung 2024, vAth the previous finan¢ial y8ar slknvn fN ¢omparwn Is80 p. 24 of Ihe86 a￿￿[￿￿ fina￿181 ¥latefflents d8t&J 29 Novomber 2024). Flg. 3 shows the balane8 sheet for W Jurse 2024. Thls Ls useful in comparing our assets to Ihe prevf(MJs years. The tanglbb assets1£375,2231 indude rhe value of office fumiture. (x)mpuling equipm8nl etc whlch depreciates in value over time, bul also the office 01 B8ylis Mew5, whith was r8-valued in June 2024 (valued al £375.000} and a¢c¥)unts for the lump in Ihls value compared 10 2023. Cxjr InveStM￿ts hav¢ Increased wbst8nllally th1$ ygar, from £837,541 to £934,719. As ever, Investments It Is importanl to note that suth irthases cannot be expected y88r year, and this is ￿nSIderablY better than Increasey seen at the year erKilng ￿ June 2023. To rep8al fr￿￿ thg inlb.al paragralths. overall Ihere has been a 511ght Increase Sn the overall net worth ol the dwAty. Flgure 4 compares the sodety budgeted spend compa￿1 to Iho acaual Sp￿MI (￿lUMn Rees Year ended ￿ June) and the drfference b8fvfftn these values. Lookjng al the overall p￿ure. theTe is an Offs￿ of >£58 OW Jess irK*)me. and >£16,0￿ less expendlture, meaning an overall v8rl8lkJn of £42.c￿l0 ￿tween Ihal budgeted atid actually spent. The budget anticapatsd a surplus irt¢xrfn8 01 £3,413. and the audited sh(r*V an excess of expenditure of £38,984. Most items differ by <£5000. ExceplRJnal deviati¢]ns lo thbs Indude the pr6vbousty mentioned irKr8ased Sp￿dIng by the SIGS Iwhlch Ss diffI￿j11 to predict by the as this responsibihty lies the SIGS themselve5. and highlights the Importance of the SIG budgeJng process). and a predictsd inc£ffle fr￿n conferences of £20,OCrf] which wll ￿ sh(pwn In next yearfs accounts. Olher smaller flucIu￿On$ in p￿dICted vs acttjal income and expanditure ¢xipJr within the individual publicaflon streams. Devlalions from predi¢led spet)d5 to actual spends fcK generdl costs are much Ichyer indmdually. and show a rèduclion of £15.973 actualty spent o)mpared to ￿ budgeL 17- •JI 71B i.ivJ IK1•7 i(n4 Flguro 3. 8alonce 8hg8t knth8 SOc￿ty for ye8r 30th JunB 2024 pr8vknu8 yoar kjr cixnp8wlwn p. 26 of 18- mINERALc￿lCAL soaEfrs BUDGEf 202312024 JIA E￿uP Fl Flgure 4. V8rl8w of budget frx financbl year 8ThJlng &)th Juna 2024 vernu• 9xp8Trjlt￿ kn the 8aTh p￿r￿1 Itheuo cakuJallon$ from paFeTh%t** prodwd prh)r to ￿al outht}. INVESTMEPn POLICY AND PERFORIUNCE In accordance wllh the BytrLaws. the S￿l￿ty Trustees have appc4nted investrnenl manag8(S to lrnplemenl th6 investment strategy la copy ofwhich 8va118Ne ftr in¥*¢ti￿ from Society olfic*l and ensure ts safety of the underlying fuTrds. Cazenove Capllal Mana9ement Limlted were appolnted durirwJ 2011 as IrN8Stsnenl managers. In 2022 a fomal investmenl pdlcy was approved by Coundl. RISK MANAGEMENT The Trustees have c(*￿idered end reviewed Ihe major risks lo whth the SrThty 1$ exposed. Trustees have a risk man8gement strategy (a copy of whith 8v8llable for inspeckn from the Souety olTrGell comprfses a regular revKgW of the risks to the Society arKI the e5tablithnenl of systems 8nd procedures io thlify those risks to enablè the Tnjstees lo Implement a¢l*on to mlnlmlse any pol•￿Ial wnpact ¢)n the Sooety Ihat SWJ arise. A key elemenl of the manag&mefTrt of financial rtsk is wa a review of the reserves pdity arKI obl&tives of achthing: 1. Long-t¢￿ Capital growth io ￿sure the future sustainablllty of the ￿￿ty.. 2. An Option lo draw d¢>•yn cash fr¢)m the Investhients to SU￿￿￿1 ts actt"vibes of the SocJety by:_ a. providing financial Sup￿ for meetings and conferencos: b. provldlng finanaal support for jwrr*ls when need&J" c. providlng Mcn￿ for dona*"M5 aTrJ awards". contributing lo the cost of Ihe 8dmirMstratw)n need￿ to SUPFth the Sodety's acllvitie5. The prlnclpal funding sources for the s(￿*ty 8r¢ the Tr￿(rf￿8 conferuK*S 8fKI from the publlcabon of loumals and books. 19- RESERVES POUCY The trustees conslder that reserve3 in the region of six Provide sfftent fund8 and Ihe S•,8 balvm sheet net currènt assets are in excess of this figure. PLANS FOR THE FUTURE Plans are wall in hand frjr 2025 hosting of the EuroFean Mireralogic41 Conference in rA￿lin. In c4Jnjuncbon with our partners al Cambrlthjo UnIve￿ty Pr888. we ¢￿til￿e W*ith eff￿lS to pr￿Ole and attr* Cont￿ to w rwi joumal.. Getr&o Inlerf8C4S. STRUCTU￿ GOVERNANCE AND MANAGEIIEpir Tha Socl8ty 1$ an unincofporated body its legat ststtffj is as a thrty urvjor UK LWJ, Registered Charity Numker 233706. 118 go¥emirvJ dccumenl is its ByerLaws. The Sodety, a memt*rship org8lllzatbn. indudes Honorary Fellow8, Fellows. Members. Honorary Members, Lrfe Members, Lrfe Fell￿, Emerilu8 Membgrn. Emertu$ Fellows. Howrary Llte Fellow8 and Student Members wlw) are elected as yesubed by the By&Laws olthe Souety. Al membérs of the Swety are eligible for memb8rshlp of ￿9￿t Spe￿1 interest The Sw*y18 govemed by a C0￿clI cMw8ting of a President, a Genèral S8ergtsry, a Treasurer. a PulJi¢ations Manager, a pU￿1C Relaticw Offter, the Prir￿PaI Editors of minern10￿C￿l M8gazlne and Clay Min&f8ls and up to 13 ordinary membws. Two vitrPreSKl￿ts are nominated fr￿￿ among the dected Coun¢il members Counal mèmbers are prOp￿d by four Membtrn oftha Swety and by the Counal except in CaSO8 wh¢ffj an de¢Xon Is requlred. The ￿MInIstra110n of the S(Klety 1$ urthrtaken by staff from *8 General of￿ in T￿ckenhaM, which 16 under the wJwrviwon of the Executlve Cxrector. Tha Society has eight specia intefesl gr(MJs. 8ach Martag￿ by a c4)mmittee. The el￿1 groups 8re.' the Applied Minors109y Group, the Clay Minerals Group, the Environmentsl mI￿ra109Y GnyJp, the Gec(*emlstry Group, the Gaomlerobiology Nehyork, the Melamor￿1C St￿lIes (￿￿), the Mineral Phywcs Group, aThl the Volcanlc & Magmatic Studi08 Gr￿p. The Geocheml$ty Group. the Pklamorphic st￿8$ Group and the Vdcanic & Magmats'c Studi88 Group are loint Groups wlh lh8 Geolcgieal Sooety of L￿don *ith *ttld) a fcffiial Memr8nthJm of Understanding wa8 signed in 2001 cov•ring a number of ar••8 for ¢fyLywthn. RMtrlct•d Fund- 3u$talnlng M•mb•rnhlp Fund £1587 w88 ral8ed from the members towards the 8ustslnlng mwnter8hlp fijnd. fvnd was formalty establlshgd on 1 January 2010. The money is ring-fencéd wlth 90% invested so that the fur¥J can grow aTrJ eventually bKomg self- sustalnlng. Tr other 10% is usod to subs1d1￿ th• fr•• membw8hlp8 ￿ bursario8. R￿trIct•d Fund: th• ￿llY A•pln•ll Prlze Fund Thi$ fund was e8tsblishgd by the volcan￿ & M8gm8llc StL¥Jles Group durfng tsrty 2017.The Society manages the re8trfcted fund., it is expected that £800 Fer year will b8 dis￿r5ed from ￿ fund. 4400 a$ a ¢08h award and 4400 to attgnd the annual VMSG meelNJ. The •ward wll be mad8 each ye¥to the le•J author of an outslandlng p8p8r on 8pplled volcanology publ8hed (ln Engll8h) within three years of the lo&1 authcrf being awarded a PhD at a Unlversily in tho UK. The prize is named in honour of Prol. Wllbl A8plnall, a at the Unfver8ty of Btstrl ond a hazard and rf•k 8denc8 ¢on8utt8nt. Truste6 Inductlon •nd Tvalnlng On election lo th8 Counal of tho Mlneraloglc81 Sodety. an I￿padUal oswme8 a n￿7b¥ of re8￿91￿1￿08. It18 incLwnb•nl upon those now coundl membors lo fwnillarfse th8m80th vith thelr resp￿sIbIlIties. This 1$ adieved by reading the Soc￿ty,8 8y*Laws thiYougNy a8 wel as reathro the Ch* Commi88ion D(￿Ument on th0'ReSpc￿slyll1les of a chanty trustee,. Trusteès are reminded that thoy are accountsbie in law for the g)vemanc8 of Ihts Sociéty. The term of office for a Councll Member 18 three years. meaniry that thwe ￿11 be Cwn¢yl Meetings during a temi of ¢)ffice. Members are expected to attervj all of these meetings. It 18 also tak￿ that Ih¢y have familiarised Ihemsefves wth trle papgrwork circulated yior to these meefjngs and be prewed to ccrtribute lo relevant dis￿88￿￿ns. Mèmb8f8hip of any of the Stsnding or Impmmptu Subcommittees 15 encouraged and sometimes be a more diract meanB of contribLrting lo t devdCpM￿t of th8 Swety. All neI￿Y elecled officers m￿agIng trLtste6s ¥bJ C(u￿11 Memb8r8 no￿1 io ctyffirm to th8 ExecArtlve Dlr¢¢tor that they have read ond undgrstCp)d responsitilitres aceonlingty. Committoos The So¢iety has one formal administrative eommittee m*t8 regulafty to ¢j8¢X￿ ￿ Tunnlng of the Soclety. i.e. it8 flnance. publications, meeting$ etc., gs wel as all matters of F(Jlicy. This is the FIna￿￿officerS￿UblIcth.OnS Committee. ch include8 the Pre8iden( Ihe General Secretsry, the Treasfftr. tho Publicabws Manager. the pu￿1¢ Rdalion5 Officer, the Prtnupal Edftors of three joumals and three Custc#Jian Trustees. The govemlng body of the Soaety is the CcthK41. wthich ￿rISeS the a¢Xuaf charity Irustse8 ofthe Scdety. l.e. If*J80 w are leg811y ￿6p)n￿ble under charrty law forthe running of the Or￿Lzation. The Coundl Indudes the offthts. the hairpersons or nominated r￿e$￿￿tiveS ofthe *ht S￿.?1 inlern* gr￿p5, and 8ry Fellows or Members are elKtsd to the posib.on of or(Inary member of Councd. Volunt•ern In addition to those volunteer to Serve as members ofthe commrttg85. there are ¢knr members gNe of their time to benefit the Sodety and the subject ty wilting material for wbI￿atkn by ts Society. edrbng Buch materi￿, by (xganiziTrJ -20- ccrferenc88, Stth-courses, field trips etc. (for miner* suontrsts and for ￿ public at large), aThJ by offering expertise ￿ areas such 8$ W￿1>￿te ￿ database man¥merrt, marketing. design. Ftt)tW8pty elc. ￿fjth0ut suth suppryt, running of the SOc￿ty W￿ld undoutledty be less effth Key Management Pernonnel R￿l￿n￿all0Th Senior management pwsonnel. to whom the trustees have ddepted signifi￿rt arthtyity or re¥￿IbIlity in the d•y-ttrday ruming of the charity, have trjgir remuneration revith¥&J 8tthe November meeting of council each year. The salaries are bench-marked occaslonalty ag&nst those of simi18r Leam&l *igti85 arKt with bsts provided by org￿LiatiOnS SLKh as the Science Coundl (UK). Stxn&p￿nI increases we provlded in li￿ with staff perforn￿￿e., cost-of4iwng increases are granted based on the Con8umer Price Index {wodwed by the UK$ Olfice fLY Nati￿al StatistiC51. Both fcrfms of incrgase depend C the finan￿al heath of the organEall(Jn. Webslte The SodeV8 website is locxted at wMw.minernoc.LYg ar•J contain8 upto4ate inf0m￿n atx)ut the Sooety. its wblications and Its me61ing8. The wetjdte Is managed and updated by ￿ Execuuve D1￿ctor. Cllm*t• Chang• A8 a 8aentrnc scciety, the Mineralo9it81 Sociaty t*es responsibllty for its footpiint seriously. Our Officers,, Councll and SIG committee meeting8 for the past Q)UF4e ofyears have all bèen tr￿￿1 online arKI this is likety lo continue lo a slgnrflcant extent. We arn akn maklng It Kwit4e lor mwry of our •dffitifi¢ e4ents to be attth1od vlrtually, avoiding, tr rwd for oir travel. Tru•ts•8' rn8ponslbllltlM In rnlatlon to th• flnanclal •tat•ments The Charity trLL8toes are re8Fon8ibl¢ for preparing the Truslees. Annual Rewt and finan¢AO1 s￿•M•nts In oc&Ydan¢8 vAlh appllcable United KIr￿￿n A¢count5ng Slandard8 {Unlted l(n9￿M Gen￿￿lY A¢cortod P£CO￿tIng Piad¢o). The law appIl￿ble to chwities In ErylaNI and Wales requires thè c￿ty Iru8to•s to pr4)aro fOn8n¢l* ststomants ts ¢a¢* year whlch give a true and falr vlew of $tsto of affairs of th8 ch8dty and olthe Incomlng r8$ource8 ￿ applicallon of r080urc•$, of the charfty for that wri¢>J. In weparing these fln8nd81 statefflentB. the trn$l¢e$ aro rnqulred lo.. $•l*Kt sultable accountlng policies and then appty them con￿61*.. obuerve the methods and w1￿1P195 in the ap￿1¢￿tle Charllles SORP make judgements and e8t"mates that are rea80nable ard pnk1ant'. $tste whether aP￿Ica￿At a(tountirg Standard8 have boon folo**l. Bubieca to any mats￿81 doparturo• that mu8t disdosed and exp14in¢d in ￿ ffinanaal statements.. Pf•pBf8 ￿ financkgl statem•rrt8 on thg golTrJ concem baws it18 to preBume that the charity wlll cont)nue in bu&ne88. The Inffjt888 are r¢8ponwble for kwng F￿0pOr acco￿tIng rnc¢Kd8 tP0t di$do8e rea￿￿81￿e aGGuTaGy at any Ilme the finanual po8ttion of the charity efta1￿￿ them to ensure that the financial *alem￿￿ comply wth th8 Chartti88 Act 2011, Ihfr appllcable Charits8 IAccount8 and R6port$) Rylation8 and the ryovi8iCrf)s of th8 ￿ law8. They ar¢ also rospon8lkY¢ for 80feguarthng the 888•t8 d the chwlty 8rn1 reas(YJable slep8 for ￿ proventlon and detection of fraud and oth&r lffegularilie8. The trustee8 ar• rosponslble for the Mainte￿¢0 and Intggrfty of the charfty ar￿ fin1￿181 infmtim In¢1￿3¢d on tho 8rity'8 webske In 8eeord4n¢e *ilh legi818licn in the Unlted lQrud(xn yeming the k¥8porkn'￿ arKI di880minab.on of finan¢*l statements. Audltorn A resolutlon rnapy)inting Dwid M. Rees & Assocats LHnrted 88 a￿art￿ *ill bo PLrt to the Annual G8n8ral Meetlng. Approvod by th• trusts•8 on I. •nd •lgn•d on thelr ￿half ty: 12 Baylls Amyand Park Road Twlckenh•m Middl•¥?x TW13HQ 8. Hammond Trg•sur L D•ady G•n•rnl Secretary 21 IN ENDETr￿ AuD￿CliE REPORT TOTHE TRUSTEES, C INERALC￿1cAL IRELAND Opinion We have audrtexj firAn¢ial statemwts ofts mil￿'(al ofthe unl￿ lfjngdorn arKI IreiaThJ ts tre year erKled 30 Jure 2024 whth comFThe the Statements of Financ￿ A(*vrties. the Balance Sheet, and the related ncrtes to the financaa statements, i￿[KI1ng svJntfi(*nt a(￿r￿1￿ The finanaal rerorting franxth that PAS been a￿led ￿ th￿r kyeparation is awlcabie Lqw aTrJ United Kiryjom AcC￿ntr￿a Stardards, dudiro Finanoal ReF4ybrvJ Standard 1(r2 Th8 Fil?8￿81 R&￿ti￿ ap￿ in the UK and Repithic of Ireland (Unrted TrQrKJdcwn Generalty Acce#ed AcLxyJrtwy Pr￿￿ce). In (wr opinion the finanad statements: give a and fair vmv clthe st* of ts c*)*ty's affaTs as at 30 2024, and of ts inc(*niThJ resources and applI￿110n ￿ res(uc8s, induding ts irKune arKI expervjiture, for tre year then 8r#Jed', have been property weFwed ￿ aLwdance *ilh United Kingdom Generalty AcL*&l Acc(￿1￿￿￿ Pracaice, and habE beèn prepared in aCC(*da￿ wlh the reqUrern￿ts of th6 Charities ￿ 2011. 8a•l$ for oplnl( Vle o)rKlu(led our aLKJit In %ccrtartt ￿ Intemth'onal Standards on Auditiro {UK) {ISAs (UK)) and akWi￿LIa law. Ckn reswnsibi1lt￿ urmjer those standards aTr further desu￿ in the A￿￿tI￿8 res￿sibIliti88 for th8 audrt of financBI statemerts seclK)n of our reFCJrt. VIÈ are inder£rthnt of Ihe charty in accordan￿ with the ettmcal requirements that ￿ rejevant to our a￿rt olthe finwal *atern￿ w) the UK, n¢kKJing th8 FRC'S Ethical Standard, arKI have fuffil*d our (ther ethical respowt4'litss in xccrfr1￿ trese requirements. telieve thal Ihe wdit ev¥Jen￿ have otAa'ned 18 8ufv.ent and aAwate to w)vide a bask8 for t¥lnion. Cond￿10n1 rolatlng to golng conc•m In audrtJ'rvJ the finan(a81 statements, V•P have ￿LKIed that th8 trusle86' L*e ofthe goiNd bw's of 888ed on the Yrtyk have Ferfunxd, ary material uncatsinties relatiro to events or cond￿'0n8 that, iTrJivvJudty or ￿llectiVety, may c2St s￿nIficAnt (knJLrt on the c*wtys aly'lty to continue as a going concwn for a ￿n(￿J d at knt iwdve monts from the financial *atwts are aulhori8aY ts is5￿. (kn ￿pO￿lbIl￿es and the respor￿1tH￿t￿S of1h8 tru8t888 with res￿1 to w'rvJ c(Mc￿ are described in the relevant sectwts ofthls rep)rt. Other Infomiatlon The other InfOn￿k)n ccmprises Ihe infcm)alI￿ inthded in the trustees amual rwrt otherthan the fina￿al statements and our 3￿rt0rfs reFQrt thereon. The trustees are respons￿ for ts Otr￿ infofftiation CC￿taIned wthn annual rewrt. OLX opnion on finanod *atsffl￿ts not Otr￿ infcffmation ￿￿J, except to tr extent ￿88 explk* staed n rewL ￿ do rKrt exFYess any f￿rn of assuran(x (x)ndLAion thereon. (Xr res￿nsibIl￿ 18 to r￿1 the ¢ther infcThi*ion and, in doiTrJ so, corn*Jerwhethwts olher Info￿ation is materially inca)nsislent vèrth the financial staterrEnts or CMK th)vA* c*Jtawl in the course of the or C*lE￿iSe appears to be Material￿ misstated If ickntffty s￿h material irrtxnsi8t8ncies or apparent maknial M￿ststements, y￿ are ￿Uir&I to d*emre this gples rise to a maten.al M￿stateMent in the finawal statetrEnts thernse￿. If, based on the WrKk￿ hava Ferf￿rned, we c￿dUde that ther8 is a material misstatement of thk8 fts infomiation, y￿ we r4Lired to rwt that fr have nothr4J to r8PJt in this regard. Matters ¢)n ￿1¢h we aro rnquirnd to report by •xceptson have nothiTrJ to report in r* oftrÉ fol¢￿ matters in reU*'(m to the Charities (knL￿nts and Rewts) Regumions 2008 require to repcxt to you rf, ¢¥A'n￿: the irrfonnatKJn given in ts firFrKaal Stat￿ is VKX)nsistert ri any material resrAa with bustees. reFK)rt.' or the tharity has not kept thquate acryJurtirvJ rwds.. or the fnancaal statements are not in 4rernrt wrth the ￿)Unting records and retums, LY have not rece￿ au tr£ ￿rfonTration ￿K1 extAana1c￿S r￿jU1[2 ts our aud Rwon8ibilitle8 of trustees K8 explaI￿d m￿e fulty in t￿￿tee$, respMsibiliies Statem￿ set wt ￿ p¥Je 20, the tsustees ar8 reSponsi￿e for the preparaion of the finanual Statem￿ for being sabsfied that they give a true fair vie*V, and for suth intemal ￿ntrol as the trustees d8temire is TEr￿S￿Y to ￿bI& the weparatiM offinar￿1al statemerts that a e from material mwtatert whdhw due to fraLAd cf error. In weparing the fn¥Kial st*mwts, the trustees are responsbl8 ftyassessing the tharitls abilty to Continue as a going c£￿￿rn. disclc¢ing, as aF¥)lI￿lIe. matt&s reL?￿l to goiThJ concem and ustng the wirKJ concem basis of acccAmt'rrJ unless the tr￿te8$ either intend to IKIUKJ*e ts dwty orto c8ase opvations, ￿ hwe no realistic a￿eMatiVe but to do so. Auditi*$ responsibilities for the audit of the financlal ststThnts have teen app)inted as a￿titOr U￿jer Secti￿ 145 oftf* chari11￿ Ad 2011 arKI rEPOrt li acc*rdarK* with the Acl and ￿levant wu*'ons m* ￿ havYvJ effect thereurM*. r oLyedlves ar8 to obtain reasonable assLrarTr at*)ut vl)ethwthe fnancral statements as a Yknle are free from material mBstatement, due to ¢X error, and to issue an audito¢8 rerKJrt that indudes our op'nK•n. ReasorrdkJe assurance 6 a hwJh knl of assur¥K8, Ixrt is r¥)t a gUwan￿ that ￿ a￿rt (xx)duded in ￿A)rdar with IS4s (UK) will akntays detec* a material mk$Stae￿ when it ￿$ts. Mis*atements can from fraLKI or error ￿ we cDnsKlered rnateri￿ rf, irKlpiilually CA in the aggrgJate, ￿UkI reasonably be expecleA to influenc8 econcffi￿ decisions of ws tkn (n the basis of11￿8 fnancial statements. Irreguiariti88, inckKJing fra￿J, are inst￿8 (* nLyFoJryAiarKe with la￿8 arKI wulat#xB. We d&sv￿ wr￿lUTeS in line with our r88pJréilylitps, ¢xrtlirEd at(we, to dete(a material Misstat*￿ in resr*cl of irreguE¥itK8s, rduding fraud. Because of Iha itherent limitab￿& of an a￿lit, Ihere is a risk that wll Th)t (*tect all irregularit￿, indudirwj those leading to a material misstatement in the fir￿(jaI rK*Fc4xnpliwTh wilh regulat￿n. rBk in¢yeas8S the more that ccArpliwr£ viith a or regulats'm is removed from the events aThd tra￿CtIonS rel￿ded in tre financk4 statements, as V•ill be ￿s5 Ikety to t￿COMe aware of Instan￿ of n0n4x)mplia￿￿. The risk is a180 greatsr regardng Ireguk•￿es ocaJrriTrJ (kn to fraKI ralh¥ emr, as fr8Lkd invdvg8 ntsnlional A furth8r desGrity'on of our tXF¥M&lJ'litw is available on FRC'S ￿ebsite at: htt '.lknv.froor .ukJauditor￿audit- surancelaudrt¢y-s-res onsibilrtES-for-the-atJdti-of-the-fil 99 f . This descnpts'on foffl￿ part of our au(htorfs rekx)rt We cornmunth wtth those charg&1 with 9)veMan￿ regardThJ, amoro matters, ts planr& scope 'ming ofthe audrt aThJ sKJnfficart audit f¥KlirvJs, WKaixSrKJ any swjnificart defww in intemal ￿￿[*[01 that v idttty durwy ow audrt. U80 crf our roport ThB reF¥Jt is made sow to the tharity's tntste* as a body, in accudanc£ w*h P*t 4 ofthe Charities {Ao>)unts aThJ Rep￿) ReguLqtions 2CQ8. Cxr audit woth ha5 been undertaken so that migm State to Ihe tharity's tru#ees those matter5 we are requir￿1 to stste to them in an audrtc￿s rep￿ aThJ for no other purF¥xe. To the fijllest extent Fermitt&J by law, ￿ th? not w or assume rewnsbilty to anyone ¢)tlw than the charity ard tr cti*ity's trustees as a body, ftK ¢Jur aLKJit this W orfor orArMor£ v* have f￿rned. Sharan C. Rees F ststLrtory Audrtor WELL COThAGE CUCUMBER LANE ESSENDON HERTFORDSHIRE AL9 6JB DAVID M. REES & ASSCCIATES LIMITED ChartetFAI A￿1rtants ark4 Stattrttxy ALhJrtor5 tX4TED Ir•& DAVID M. REES & AsSC￿lATEs LIMITED is elvJible to ad as ￿ wjitor li tm of ion 1212 ofthe c￿ar￿A￿2( -23- MINERALOGICAL SOCIEfY OF THE UNrrED KINGDOM AND IRELAND RESTRICTED FUNDS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 2024 Wilty A•plnall Prlz• Sustalning Notes Membershlp Totsl 2023 Income Donation8 Investment Income Income from Charftable Actlvili Support by General Fund TOTAL Income 1,587 775 1,587 1,150 1,473 359 375 2.691 5.053 2,691 5,428 2,703 4,535 375 Exponditur• Expendlture on Charltable Actlvltl•s Student Memb8rship Awards TOTAL Expenditure -2,850 -2.850 400 -3,250 -2,850 -569 -3,419 4(X) -2,850 Net Income and Net Movement in Fund8 for the Year 2,203 -25 2,178 1.118 Sustainlng momb•rshlp fund This fund was fonnally estsblished on 1 January 2010. The money is ring-fenced %4ith 90% inv88ted so that the fund can grow and eventually become self-SUStaining. Tr otper 10% is used to subsidise the free student memberships and buwries. Wllly A8plnall Prlz• Fund The Volcanic and Magmatic Studies Willy Aspinall Prize is a restrict8d fund established on 8 May 2017 to make an annual award for an outstandiNJ paper in applied volcanology pU￿lShed *ithin three years of the author being awarded a PhD. CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES 2024 Notss Unr•8tricted Re•trfctsd Funds Funds Total Funds 2023 Total Income Total Expenditure N•t expendlture and Net Movement In Funds beforn Gains and Lossu on Invmtments Surplus on property revaluation Net Gains (Deficit) on Investments Net Movement in Funds Total Funds 1 July 2023 Total Funds 30 June 2024 5,428 -3.250 2,178 302,264 -341,248 -38,984 328,115 -312,844 15,271 -337.998 41,182 30.IJ)O 78,913 87.751 1,375.681 1,443,432 30.000 78,913 69,929 1,406,210 1,476,139 -9,224 6,047 1,400,163 1,406,210 2.178 30,529 32,707 The statements of Financial Activtties include all gains and deficits recognised in Ihe year. Al incoming r8sources and resources expended derive from continuiryd activitEs. The notes on pages 27 to 33 fcmi part ofthese ffinancial statements -24- MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND UNRESTRICTED FUNDS STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 30 JUNE 2024 Incomo 2024 2023 Donation8 and Legacies Investment Income Incomo from Charftablo Actlvltles Members, Subscriptions Gift Aid Conference and Meetings Support Cambridg& University Press MM & CM Cambridge University Press Geo Bio Interface Publicalions Income Special Interest Group8 Income (Page 25) Less: Allocation from Mineralogical Society Miscellaneous Income TOTAL Income 2.250 24,498 2,250 22,775 28,745 389 30,478 787 2,560 140,104 10,675 180,400 150,779 24.551 180,400 27,593 81,624 -16,000 72,587 -16,000 65,624 58,587 150 323,580 296.836 Expendlture Contribution to Sustaining Membership Fund Expendltur• on Charitable Actlvltles Sub8CAiPtIo Joumals Exp8fKliture Elements Conference arKI Meetings Expenditure Mineralogical Society Meda18 Distinguished Lecturer Web8rte and Future of the Society Joumal Editorial Costs MM & CM Joumal Editorial Costs Geo Bio Interface Publi¢ation6 Expenditure - Net Travel Bursaries Special Interest Groups Expenditure (Page 25) Less.. Transadions with the Mineral(yJical Society Office ExFenses Support Costs Depreciation Miscellaneou8 expendiiure TOTAL Expenditure 2,691 2,703 457 8,737 880 1,007 10,327 8.621 1,379 902 39.691 14,594 39,862 $4,285 -3,768 4,107 39,862 6.698 4,110 89.229 72,350 ,138 87,183 124,272 57.533 614 66,212 114,211 52,958 337,998 309,425 The notes on page5 27 to 33 fom part of these financial statements ¢0 ¢JJ rymvin ou) 000 (ooa) its Inwjv Ino > 0 (N ¢£1 88% cq * a) Trj oooa)v (y ry (¥1 ro (Yr 0000 000 888.g888- 00000000 8888 0000 oooo INERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND BALANCE SHEET AT 30 JUNE 2024 FIXED ASSETS Tangible Assets Investment8 Total Fixed Asaets CURRENT ASSETS Debtors Cash at Bank and in Hand Total Current A88et8 Notss 2024 2023 375,223 934.719 1,309,942 345,837 837,541 1,183,378 10 49,241 370,180 419,421 22.182 287,687 309,869 11 LIABILITIES Creditors: Amounts Falling Due Within One Year Total Assèts Le￿ Current Liats'lttie8 NET ASSETS 12 -253,224 -87,037 188.197 1,476,139 222,832 1406210 The Funds of the Charty.. Unrestricted Income Fund8 Re8trtcted Income Fund$ - Suslaining Member8hip FuTrJ Willy Aspinall Prize FurKI 1,443,432 20,937 11,770 1,375,681 TOTAL CHARITY FUNDS 18,734 11,795 32,707 1,476.139 30,529 1,406,210 Srgned on behalf of the Tru8tee8 S. GIBSON PRESIDENT Approved by the Tnjstees on Charity Numter 233706 The notes on pw 27 to 33 fomi part ofttw financial slatements -27- MINERALOGICAL SOCIEfY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2024 ACCOUNTING POLICIES Basls of preparatlon and assessment of going conc•rn Mineralogical Society constitutes a wblic benefft entty as definad by FRS 102. financial ststement8 have been prepared under the historical cost convents.on with items recognised at cost or transadion value unless otherwise ststed in the relevant notes to th8s8 accounts to include c8rtaln items at lair value. The financial stst&ment8 have been wepared in accordance with the second edition of the Charities Statement of Recommended Practi￿ issued in October 2019, the Financial Reporting Stsndard applicable in the Untted ￿"ngdoM and Republic of IrelarKI (FRS 102>, and the Chanties Act 2011. The financial statements are prepared on a going concem basis under the historical cost Convention, modffied to include certain items at fair value. The fmancial statements are presented in Slerling which is the functional currency of the Charrty. The truste88 consider that trÉre are no material uncertainties alx)ut the Mineralogical Society's ability to continue as a going concern. The most signfficant areas of uncertainty that affect the carrying value of assets held by Ihe Mineralogical Society are the level of investment retum arKI the perfomiance of investment markets. Tho slgnificant accounting policie8 op￿ied in the preparation of these financial statements are Bet out below. Funds Structurn Unrestrl¢ted funds are available for u8e at the discretion of the trust6a8 in furtherance of the g8n8ral objectives of the Charty and which have not t￿en desKJnated for other purposes. Re8trlctsd funds are lunds which are to be used in accordance with specrfi¢ restrictions imposed by donors or which have been raised by the Charrty for particular purpose5. The aim and use of each r6strict8d fund is set out on the statement of financial activities. Incom• recognltlon Voluntary Incomo - Donations are accounted for when received. Lega¢ies are accounted for on entitlement. Invostsn•nt Income - Income from investments is ac(xJunted for on a receivable basis. Member¥. •ub•crlptlons Income - Members. subscriptions are payable in advance on the 1 January each year and are accounted for in the period in which they are received. During the year ended 30 June 2024 the Society had a net gain of 25 members. At the 30 June 2024 there were 798 M8mbers being 17 Honorary Life Fellows, 13 Honorary Fellows, 63 Life Members, 692 Fellov•B and Members and 13 Emerttus Members. Thas8 figure8 do not include 150 Student Members vtho are receiving free membership of the socTrety for one year. Conference and meetlngs income - Income from Conferen￿ and meetirgs are accounted for when the meeting has been held. Cambridge UniveTs1ty Press - Income from Cambridge UnNersity Press is accounted for on epayment basis as the guaranteed amount is r￿1Ved in advance for the calendar year. Publications Income - Income from publications are accounted for on a receivable basis. EX￿ndItUre rocognltion Llabilrties are recognised as expenditure as sDJn as there is a legal or con8tructive obligation committing the Charity to that expenditure, it is wobable that settlement *ill be required the arnount of th8 oblNJation can b8 measured reliably. Any expected loss from a future conference or meeting is provKled for as a liability. All exp8nditure is accounted for on an accruab basis. All expenses including support cost and governance cost a￿ allocated or apportioned to the applicable expenditure headings. -28- MINERALOGICAL SOCIETY OF THE UNtrED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2024 Allocatlon of support and governance costs Govemance costs comprise all costs involvirvJ the public accountability of the charity arvj ts cornpliance wth regulation and good pradice. These costs indude cost5 related to ststutory audit and legal fees together wtth an apportionmerrt of overhead arKI support costs as analysed in notes 6 and 7. Foreign currencles Monetsry assets and liats'litie8 in foreign currencies are translated into sterling at the rat•s of exchange ruling at the blance sheet date. Transactions in fOre￿n currerKies are translated into sterling at the rate of exchange rullng at the date of the transath'on. Exchange drfferences are taken into account in a￿mng at the increase or decrease in funds. Tanglbl• Flxed Assats for u8• by th• Charity and Dopraclatlon Tangible fixed assets are slated at cost less accumulated depreciation oth8r than freehold land and buildings which are stated at valuation. Depreciation Is provided on tangible fixed assets at rates calculated to V*Trte off the cost, less the estsmated resh4ual value of each asset over its estimated life using th8 slraight line method at annual rates a8 follows:_ Office Fumiture arKI Equipment 25%. Computers 33.33%. The Charity has adopted a revaluation policy in respect of the freehold land arKI buiklings that will be revalued every five years. The fair value of land and buildings is deteminad from market based evidence by appraisal undertaken by a professionally qualif￿d valuer. Revaluation gains and losses We recogni8ed in the stsIe￿￿nI of Financial Activitie8. Stock There are stocks of publications, being surFlu8 copies printed but r￿t sold in the y8¥. No value has been placed on stocks of the8e publications in these financial statements. Flx•d a8set Inve81m•nts Inveslment8 are a form of b￿¢ financial instrument and we initially recognised at their transadion value and subsequently measured at their fair value as at the balance sheet date usirvJ the dosing quoted market wce. The statement of financial activities incjudes the net gains and108ses arising on revaluation and disposals throughout the year. The Tru81 does not acqui￿ put OF*ions, derivatives or other complex financial instruments. The main form of financial risk fa￿d by the charity is that of volatilty in equity markets and investment markets due to Yiider econornic conditions, the attitude of investors to investmgnt risk, and changes in sentiment conceming equities and wtlhin particular sectors or sub sectors. Rea1188d galns and losses All gains and losses are taken to the Statement of Finanoal ActIvit￿ 88 they arise. Realised gains and losses on investments are calculated as the dtfference betrbveen sales prLwds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference ￿￿een the fair value at year end and their carying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. Pen8lon Costs Contributions in respect of the Charty's defined contribUt￿n schemes are charged lo the staternent of financial actmties for the year in Nthich they are payab￿ to the pensH)n schemes. Auditors remunaration The auditorfs remunerath)n conslttuted an audit fee of £8,360 (2023 - £7,522) and additional advisory work and accountancy of £4.641 (2023 - £4,448). -29- MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2024 2024 2023 2. b. Analy8ls of staff costs Remuneration National Insuran Lrfe Assurance Pension Costs TOTAL 177.097 2,709 1,262 7.169 188.237 154,855 2,820 1.124 165,243 The average monthly headcount was 11 staff (2023- 7) and the average monthly number of fu114ime equivalent employees (induding part time staffj during the year was as follows."- Publishing Office Stsff Total One employee had employee benefts that f811 within the band £70,OLX) - £79,999 (2023 £60,000 - £69,999 One). Al employee time is involved in providing eitsr supwrt to the governance of the charty or support seivic68 to the charitable activities. 2024 2023 2024 2024 2023 2023 c. K•y management comp•n8ation Salary Per￿lon Salary Executive Director 75,368 69,439 Finance and OFeratiMs Manager 54,488 4.800 50,972 In additlon to the above, national insurance c¢)ntribub'ons totalled £696 <2023 - £1.299} Pensi¢)n 4,800 3. ALLOCATIONS TO GROUPS by General Fund An allocation is made to eight Special interest groups of £16,00) for the year {2023- £16,000). Pag• 2024 2023 4. VOLUNTARY INCOME - Donations Sustaining Membership Restricted Fund General Fund - Geological Society Special Interest Groups Geochemistry Group Agilent Technologie$ Anton Parr Elemental Scientific Instruments Isotopx 23 24 25 1,587 2,250 1,473 2,250 5,150 1.200 600 1.200 1.200 2.600 600 1000 QMX Laboratory Themo Fisher Metsmorphic Studies Group Zeiss Volcanic and Magmatic Studies Group 8,4 1,¢XIO 1.000 5,400 11,550 9,400 MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2024 INVESTMENT INCOME Dividends and Interest Unreslricted Funds Restricted Funds Individual Groups 2024 2023 24,498 1,150 2,073 27,721 22,775 359 570 23,704 Interest on Cash Deposits On Listed Investments 4.247 23.474 27.721 1,113 22,591 23,704 OFFICE EXPENSES The trKeakdown of office costs and how these are allocated betwe•n Governance and Charitable A(aivitses is shown below'.- 2024 2023 oirice Staff Remuneration ReimtrAJrsement of staff expenses MDSG 136,612 -3,323 133,289 127,634 -1,110 126,524 Office Staff Expenses Rent, Rates and House Expenses Printing. Stab'onery, Maintenance of Office Machine8 Insurance Po¥tage, Telephone and Computer Bank and Credrt Card Charges Miscellane￿$ Expenses including Offi￿ assistan 551 8.074 1,183 2,038 16,778 4,042 114 30,227 163,516 940 1.685 12,240 3,023 650 23,753 150,277 Allocatlon as follow•:. 2024 2023 2024 2023 Charitable Actlvities Governance and Support Costs (Note 7) 76 76 24 24 100 100 AlloGation 18 calculated on the basis of staff time, cost arKI office usage. 124,272 39.244 163,516 114,211 36,066 150,277 2024 2023 SUPPORT COSTS Governan￿ and Support Costs Office Expenses 24% (2023 - 24%) (See note 6) Business Meetings Expenses (Travel) Website development Investment Charges Auditols Remuneration Total Allocated 39,244 579 260 4.449 13,001 57,533 36,066 628 4,294 11,970 52,958 31 MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2024 TANGIBLE FIXED ASSETS for use by the Charity Computer4 Office and Page Equipment Freehold Land and Buildings Totsl Cost or Valuatlons 1 July 2023 Surplus on revaluation 30 June 2024 19,446 345,1)00 30,LX)O 375,000 364,446 30,000 394,446 19,446 Deprnciatlon 1 July 2023 Charge for Y8ar 30 June 2024 18,609 614 19,223 18,609 614 19,223 Net Book Value 30 June 2024 30 June 2023 223 837 375,000 345,000 375,223 345,837 The frEehold land and buildings were valued on the 19 June 2024 by Michael P Martin of Milestone CommerGial Agency Ltd, at an open market value at £375.000. Open market value is considered to represent the fair value. The origlnal cost of the freehokl land and buildings acquired on 24 November 20C6 Yms £358,978. FIXED ASSET INVESTMENTS Movement in Fixed Asset Listed Investment8 Market value brought foThward at 1 July 2023 Add.. Additions to Investments at Cost Cash Retained (Rein￿lted) Disposal8 at Carrying Value Less.. Net Gains (Losses) on Sale8 and Net Gains (Losses) on Rev8luation8 Market Value at 30 June 2024 Page 2024 2023 837.541 218,009 -24,990 -174.754 829,879 215.037 -15,964 -182,187 23 78.913 934,719 -9,224 837,541 Orlglnal Orlglnal Cost Cost 2023 2024 Investments at fair value Comprised: U.K. Investments UK Equilies UK Bonds Mutti Asset Funds Property Others Cash Irrtemalional Equities Investrnents Non UK Bonds TOTAL Falr Value 2024 Falr Valu• 2023 107,652 91.741 114,755 111.235 18.260 9,130 67,306 67.306 84.400 78,916 16,369 -300 335.367 396.477 45,001 64.186 789,110 818,691 107,803 117,176 12,985 62,980 72,485 117,260 109,851 24.752 66,803 75,775 16,890 387,116 39,094 837.541 499,990 61,600 934,719 -32- MINERALOGICAL SOCIETY OF THE UNrrED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2024 FIXED ASSET INvESTME￿s continued All investments ar8 carried at their fair value. Investmerts in equities and fixed interest securities are all traded in quoted public markets, primanly the London Stock Exchange. The basis of fair value for quoted inv8Stments is equivalent to the market value, using the bid pri￿. Asset sales and purchases are recognised at the date of trade at Cost {that their transaction value). 10. DEBTORS 2024 2023 Other Debtors and Prepayments Pu￿IcationS Conferences 11.093 10,000 28,148 49,241 13,219 2,000 6,963 22,182 11. CASH AT BANK AND IN HAND 2024 2023 Applied Mineralogy Group Clay Minerals Group Environmental Mineralogy Group Geochemistry Group Geomicrobiology Network Metamorphic Studies Group Mineral Physics Group Volcanic & Magmatic Studies Group 15,525 37,083 6,273 16,963 16,408 13,700 13,772 32,373 152,097 32,097 120.000 152,097 19,508 11,770 31.278 38,156 18,311 38,678 6,289 17,146 16,483 13,439 15,887 33,870 159,703 39,703 120,000 159,703 17,408 11.795 29,203 93,781 5,000 Grwp Monie8 on ReseNe Account Deposit Account Sustaining Member8 Willy Aspinal Resep4e Account Re8erve Account Mineralogical Society Current Account Resen￿ Account Euro Current A¢courrt 143.849 186.805 270.180 98,781 287,687 Total Cash at Bank 12. CREDITORS AMOUNTS FALLING OUE WITHIN ONE YEAR Publications Cambridge Universty p￿$$ DHZIII Geoscience World cOnferen￿S HM Revenue & Customs VAT Other Creditors Accruals 2024 2023 82,037 1,590 54,415 1,551 9,656 188,383 4,920 3,294 13,000 253.224 7,367 1,048 13.000 87,037 MINERALOGICAL SOCIEfY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2024 13. TAXATION The Mineralogical S¢xiety 15 a registered charty arKI is r•ot sutyect lo taxation on any excess of Income ¢￿er expenditure. 14. COMMITMENTS a) Pon8lon Commilmonts The Society operates a defined contritrArtion Fension scheme on behalf of its employees. The Society also operates a defined contritrtrtion Automatic Enrolment pension scheme on behalf of the employees. The assets of the sch8mes are held separately from those of the Soaety in independently administered fund8. The annual pension commitment under these sch8mes are for contributions of 2 x the employees gross contribution, up to a maximum Soaety contrilxrtion of 10%. either to a defined contributs'on pension scheme or to an automats'c enrolment pension scheme. b) Other Fln•nclal C