INERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 David M. Rees & Associates Limited CHARTERED ACCOUNTANrs Well Cottage Cucumber tAnc Essendon Hertfordshire AL9 6JB MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND ANNUAL REPORT AND AuDrrED FINANCIAL STATEfAIENTS FOR THE YEAR ENDED 30 JUNE 2025 INDEX Pag8 Trustees and Advisors 1and2 Report of the Trustees 3to19 Report of the Independent Audrtors 20 and 21 Statements of Financial Activrties 22to24 Balance Sheet 25 Notes to the Financial Statements 26to32 MINERALOGICAL SOCIEfY OF THE UNITED KINGDOM AND IRELAND REFERENCE AND ADMINISTRATIVE INFORMATION Trustees and Advisors for the year ended 30 June 2025 PRESIDENT S. Shaw- Appointed 7 November 2024 S. Gibson - Resigned 31 December 2024 VICE-PRESIDENTS H. Pendlowski R. Gertisser - Appointed as Vice P￿SIdent 3 April 2025 J. Byme - Resigned as Wice President 31 December 2024 TREASURER S. Hammond GENERAL SECRETARY E. Deady PUBLICATIONS MANAGERS Vacant R.J. 8ow811- Resigned 7 Novemb8r 2024 PUBLIC RELATIONS OFFICER J. Byme ELEMENTS REPRESENTATIVE M. White EQUALITY DIVERSITY and INCLusiof4 OFFICER L. Kelly PRINCIPAL EDITORS Mineralogical Magazine S. Mi118 R.H. Mitchell Clay Minerals G.E. Christidi8 Chun-Hui Zhou Geo&Bio Interface A. Engel J. Lloyd L. Shi - Appointed 7 November 2024 H. Dong - Resigned 7 November 2024 GROUP CHAIRS Applied Mineralogy Group M. Smith Clay Minerals Group H. Pendlowski Environmental Mineralogy Group L. Townsend Geochemi8try Group P. Savage Geomicrobiology Nehvork J. Moreau Metamorphic Studies Group R. Palin - Appointed 15 May 2025 Chair 11 April 2025 O. Weller- Resigned 11 April 2025 Mineral Physics Group A. Wilson-Spencer- Appointed 7 November 2024 O. Lord - Resigned 7 November 2024 Volcanic & Magmatic Studies Group J. Barday - Appointed 9 January 2025 T. Mather- Resigned 8 January 2025 MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND Trustee and Advisors for thè year ended 30 Juno 2025 ORDINARY MEMBERS OF COUNCIL A. Costanzo H. Elms R. Gertisser C. Manning-Gill B. Sarkar F. C¢)oper CUSTODIAN TRUSTEES H. Downes J. Lloyd M. Anand AWARDS COMMirrEE CHAIR B. Kunz - Appointed 7 November 2024 OFFICE 12 Baylis Mev 93 - 101 Amyand Park Road Twickenham Middlesex TW13HQ ADMINISTRATION K. Murphy- Executtve Director R. Rajendra - Finance and Operations Manager AUDITORS David M. Rees & Associatas Lirnited Well Cottage Cucumber Lane Essendon Hertfordshire AL9 6JB SOLICITORS Nabarro Nalhanson Lacon House 84 Theobald's Road LorKlon WC1X 8RW BANKERS Coutts & Co 440 Strand London WC2R OQS INVESTMENT MANAGER Schroder & Co. Limrted. trading as Cazenove Capital 1 London Wall Place London EC2Y SAU WEBSITE www.minersoc.org CHARITY REGISTRATION NUMBER 2337C MINERALOGICAL SOCIEry OF THE UNITED KINGDOM AND IRELAND REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 30 JLINE 2026 The tru8tee8 p￿sent tsir annual reFQrt and the audrte(l finandal statements of the charity the year ended 30 June 2025. The FinarKial Slatemerrts have been prepar&J in accordance wrth the accountirw polkies set OLrt in Note 110 the financial ststemonls and ccKnpty vmth the charity's governing dcojment instituted on 3 February 1876 IByfrLaws 7 November 2024 Vision) the Charities Act 2011 and thg Charities Ststement of Recommend￿ Pra¢b"ce {"Charities SORP") appli¢abl8 to Charities prepariry th￿r financial statements in &cordance wth the Financial Reporting Standard applicable in the United Kingdom and Republ￿ of Ireland (FRS 1021 se&)rvJ 8￿￿'on￿$sued h October 2019. OBJE¢TJVES AND ACTMTIES The object of the Minaralo9ieal Socity of tho Unrted Kingdom and Ird8nd, w7th wttich the Cry8tallolctyaical Society wa8 amalgamatad on 11 D¢cemter 1883, is 'lo a¢fvance the edU￿tion of the public in general land particularty amongst sclentists) on the subject of mineralctyjy and all related ithscfjFlines and to promote r8search for the puk41¢ l)enefil in all aspects ol that subject and to wblish the useful ￿SUlts. In lurthèrance of the said obje¢ts of Society but not 01he￿¥e the Council of the Society may.. publish or cause to b8 Wished such peri¢xlical other wbli¢ation8 as it thinks fft. e$lablish Sp￿141 inlerg$t grcwps, hold or arrango lo t• wninars. conferences or othor forms of digusslon award tzes, medals and exhibiti￿8, re¢eive donab"cffts Of bequests for any general or special purpose connected wth the obleGt of thg Sc¢lety, estaUish or wjppf￿ 8ny charitable in8ts.tut￿n hawng o¥gCt 8imiiar to th8 otl¢ct of thè Soclety, do am such ¢)thor thing8 as shall further the attainment of the ol'oct ol the Society. LonTrTenn &rat89y Our I￿g-terM slr81egy remains largely un¢hanged. The Society's aim is to ccrf)tinue lo publish rts thr99 flagshipjoumals (ln the face of ¥ignlfi¢ant change in th6 landscaFe ofioumal put4ishingi and its rde in tho EMU Nol88 in Minoralogy book series. Supyt for the Socitys Special Int8iesl Group8 wll cc¥)tinue. both finanoally and logistically. a8 it is largèty through these SIGS that the So¢iety serve8 tl* community of min6Y8IcgiSts. will continue to be part of ts El8mènls'famlly' of Socletie8 ￿1¢h dlslribJt98 E￿MentS lo dl wibers. The Soclety *thll 4180 b8 involved in the organizalion and support of S￿￿n￿fiC meetings lincjuding the Inlernatlonai Clay Conf8rence in 20251. Our strategy is to provhle these servic88 at an affordable ¢081 to members and othgr scientr8ts. Our service lo the 81udent eammunlty, i.e. provision of throe yoar8' free membership and sub8ldized membership thet&ifter, ￿11 al80 continue. Online hosts.ng of 8dentific 8¥8nls has provgn to an unexFeCt•d benefit arising from r8stricted movements imposed by the Pandem￿ at the start of the 2020s.' these ar8 set lo continue Sn various fomial$. Ouf nth¥'SkJ"Il$ and Trainirg, pro9ramma has proven powlar And I￿11 contrnu6 in 202&8. We nllnue lo dl8cus8 and implement change8 relatirKJ to c4x Equ￿lty, Llvernity and Incluslvlty programme in relation lo •venl8, memborshlp, awards and wblicats'ons. Wh81 dffl&Trncfr ts Ihe Minernloglcal S￿lety seeking fo make? The Society 88eks to be a leader in the prov18ion of 8eNiws to the intttmallcx)al cofftmunity of mlneralogists. The organns M•nag•r Th6 Society's Publications Manager r8wgned from his post duing ts year and f( vrds agreed to leav& the p)st Lmccupied for up lo 2 yfja￿ to detern￿* if it ne8de(I to b8 Mlnernlogical Magazlnè The Editors ale gratefiil to MwlrKd Edilor, Helen Keftw. ￿o￿t *those VK)rk. the joumal ncl function efficiently. We commend her for her oxcellenl c(IPy-edrting and F4)sib"ve interaction ￿th CUP armj our typesetters. Wg also r￿le that she responds quickly to qU￿re$ from authNs regard5 to their wrt4efft$ with the manuscript submission system. Both editors value hef involvement in maintaining the high Stal￿rdS d the MingrakyKal Magazine. Two Associate Editorn have resigned lan Coulson Icanadal and Makoto Arima (Japan) and these have been re￿aCed by Wlliam Smith {Australla} and Calerina Melai {Ir8landl. We V*ish lo express our appreaaion lo all member5 of our Eth'tortal Board. Wrthoul their dedtcation it W￿ld not be possiL4e to maintsin Ihe st*Klards of the joumal. This is the eighth year of wblicati.on of th?jtyJrrd urKler the ausry"¢es ofthe Camlxid9e University Pres$ ICUPI. Mo8t of the problems eneounleféd during the first years have bw resolved and the 5ubmi$sion and review proees¥ is typically operating wthout any major prc4)lem8. Howevof. January to June 2025 there We￿ spJnificant delays in pioducb'on due to a change in tyFesetter. Immediate access lo the online versions of accepbj papws in a pre-publication format and in'first view. Iwth lay￿rtI and the diverse metrics as￿• ciated wth the paFeTS published have trten welcomed by the 8drtors and reader8 of the joum81. Our CUP eontacts have provided the e(litcKs and the Wbli￿tiOnS committee wlth valuable and Interesting montNy Publishe¢8 Rep￿$ on the numbers WKI demogrnphts of crtations vthich were previw81y unavailab￿. The journ81 ha8 Continued lo wblish high-quality papefs In a wide range of MIne￿O91¢al and petrolc4Jlcd topics. and, in the opinion ofthe EdrtCf8, rem￿n8 the pramier pedodi¢al for publicabon of papers cowed theoretical Mingr￿09Y, mineral crystsl struclures description of minerals. The Clarivate imp8et factor of the joumal has fallen to 1.4 froni ts prwlws thels of 2019 (1.7381 and 202012.082) to 2.8 In 202312 year IF). The decrease does Tr)t reflect any change in the material published In the Mineralogical Magazine, and it18 eonsidèrgd by CUP that the decrease is re18ted lo the fact Ihal the very w8tl-Crte(I pap8r'lMAINMNC approved minoral 8ymbol$' Iwarrl is no longer included in the impact factor ¢ath18tion. For comparison, the Impact f8Ct¢XS of the other min8r8lcqical peri(>dicals are.. Amencan Mine￿15t(2.3l., Eurwan Journal olAlin8rn1ogy {1.71,' Canadi8n Joumal of Minethlogy and Petmlogy11.51,' Minernls {MPDI, 2.21. Our 4-year Scopus Ctta Sm has in¢rea8ed from 3.2 In 201910 5.1 in 2024. though our impact factor has apparentty d¢crea8¢d ￿ eonshlar that ttwe charyes in the Impact f*¥r of Ihg loumal are not a reflection on the qualty ofthe paFers ￿bIl8￿ as these vme very similar in cc4tsnl to previws years. The changes In all impact fa¢lors are not readily expluble and perhap8 indicate the firttlty of thls ever-Chan￿ng meth"c in measuring th quality of publJ¢8tiM8. Most papers publi8hed from 1 July 202ts30 June 2025 **re green open acce88. alth¢￿Igh 36 gold open 8cce8$ pap•ri were pubfished, representing an in¢rea$8 over the previous year ￿en 29 gold open access papers were published. The urnal coniiTru88 lo publish uwn roceipl the rep￿ts (six In this wrlodl of th¢ IMA C¢ynmls8lon on New miner￿8, Nomenclature snd Cl$ssiflcab'on ICNMNC) Commlttw. Seventy flve papers were published bety￿fi 1 Juty 2024 and 30 June 2025.. ￿ wer• in the field of ¢ry8talkngraphy, orelical mineralogy and new minor￿$, an¢J 40% in the fields of general minoralokyy, petrolc¥Jy and 6nvironmentsl mineralogy. This th'stri￿￿"on represents an increa80 in number of Wrological papers from the previous reportin9 Period (35%). The subject distributton and 8enicY authorship by C￿nty has Tr)t chanyd sgnificanlly since tIK8 last rgport. Although Italian and Russian cryslallographors wovi(Je Ihe bulk of our crystsilogfaphK papers. our major contributors In all field8 orfglnate from Australia, Russa. the USA and Canada. Three b￿k reviews were wbllsh8d.' (11 Meteorte Hunters (by Ceballou>lzquK?rdol',12) Ore Minefalo9y (by Majzlan Chovan}.'13) Rock$.' DesciipeA￿. Idgntffic8liiM. Nomrtaturn. Genesls (by Marnsch and Scherti). Duriry this ieporting lime a speeiaj memorial i$sue in recognllion of the late Ae8$antho Guaslonl con$i8ting of 10 pawrs plus an editorial was publlsw Ss volume 8816 in December 2024. Nine papers were publi8hed as a nv4V serio¥ on NanoMin8ra18 and Mineral NanoFQrtKles in volumes 8813 and 8911. Obituarfes were publishod of Jack Zu88man188151 and Gorthn Cress•y18W31 both notable MIr￿ra1￿$￿ and long-tlme memters of the MinefaJogic¥l Society together with that of George Sheldrick {89121 made an outstandiThJ contribution lo ¢ry8ts1 slruelure determination. A comment on, and a repty by tho author¥ lo. a publi$l￿d paper w88 included In 8815. In Ihls r¢pcding period 79 manu¥¢ripts were submitted for pubfiealion and 43 w8re rejected. The m8jwty of manuscript8 rejected were not within the scope of material published in mineralog￿81 Mag8zine. rt was evident In some cases th4180ma of Ihe8e papers had been Submitted lo, aTrJ rejected. by ¢)tlw periodIc￿s. Rogor Mitth811, Stuart Mllls Joint Principal Editors Cl•y MinerntsFour issues of Clay Minerdls were put￿lSh￿ be￿n Juty 2024 and Jung 2025. The 4 i58ue8 eonlalned 24 papers. 2 review papers, 4 obituaries and one corrtgendum. The d8lay in Ihe pubJicat*)n schedule has decreased considerabty and all &ceptsd papers appear quickly as'Flis1 Viv* artides. The research articles covered a range of applications. from use in Ind￿trial produdion of Ceram￿ to application as Selective calalysts arKI geotechnical appluhons, from geology of clays and sediments to $¢ils aTrJ palerKlimati reconstructions using days, bgnlonites and kaofirk8, dk4lomrtes, synthetic clay mltkrals, and physical and chemi￿[ properties of d8y3, fr¢)m envlronmental applications of elays {green ch8misty. C02 adsorpti￿) to nancLomposrtes, atalysis. adsorption. mine￿$ Ismedrte, kaoliAte, halloysite. celai*)ntte. sewdite. patygornkite. Illite, chlorlte, talc, lizardile. zeolite51, ceramics arKI ge0poty￿l5. zec4ites, drillirYJ fluids, day mineral rexth and Iccations The go09raphical d￿tribUtIon of the put4ished P8Fers is sPky•m in the folk￿lr￿￿ tsble". Ge(graphKal distri￿tion of Ihe published papers Country )of County Noof Chin8 Alwa Greece FrarKe Gemiany Israel Japan Turkiye Au81ria BeisNum Brazil Cameroon Niger Portugal Serbia Tunisia Behveèn 11t July 2024 and 301Tr June 2IY25, 45 manuscTiPts were submitted from 26 countries from Europe, Asia, Alru, North and South Arner￿. 1 S of these Manl￿ripts were rejected or con$￿tTed unsuitsble for the journal. For the manuscripts Submitted in Ihat kn'me int￿la1, there were 100 edrtorial decisions, 35 of wh￿h indtaled acceptan¢8 (23ycondilional acceptance {12), 34 verdicts suggested major revision, 11 suggested minor revision and 18 rejecllon including non-suitability for the Joumal. Note that more than one verdict is appl*d to each manuscript, depending on the number of rounds of revision, and acceptance verd￿ts rèfer also to manuscripts submitted before the interval under conslderation. The overall reie¢tion rate for the inleThal under con$Kteration was 38%1420 Lqst yearl. The average lime from submission to first decish?n was 43.9 days139.1 last year). This lim& is cbse to the target of 81X weeks and E the re8uIt of the colla￿rat￿e effort of the editors and the reV￿wers. There is 8ti11 a delay in the appearance of the first prwf, bLtI CUP is working on this wnt. 351 reviewer5 were invited, of whom 116 reviewers submitt8d rèview8, 75 declined to review. 156 revivwers were uninvited before ag￿ing, and 4 were termlnated after agieeing. CUrren￿Y there Is one open Sp￿￿1 issue. Th& sp￿la1 issue wll include papers that were presented lo the Inlemats'onal Clay Conference 2025 that took place in Dublin, IreLqnd. The deadline for submission of manusc￿pts has been set as 30 November 2025. So far 5 paperyJ have been submitted lor thts tssue arKI a￿ under review. A second special issue has been scheduW to mafk the 10th Anniversary of the Gansu Provincial-level K8y Laboratory of Clay Mln8ral$ In China. An announcenEnt about this special issue will b8 pubJ￿hed on the webpages of the journal by the end of 2025. One invrted revkni paper by A. Bakdemwnn ot 81. was publlshed in March 2025. The Editorial Board is wothng smoothly and most ofthe ￿rnberS aro devoted to their duties. Th& turnaround time for first editorfal deei8ion is close to the time agreed in previous Edrtorial Board meets'ngs. i.e. 6 weeks. Two very frultful and constructive in-person toafd mbngs wgre held during the per￿￿, one during the Mid-European Clay Conference 2024 in PLzen, Czech Republic and a second on 15 July 2025 during the ICC in Dublin. In the second meeting it was decided to invrte Marek Szczarba toioin Ihe Edrtorial Board. The Impact factor {IFI of the journal in 2024 increased to 19 from 1.1 in 2023 This is the highest IF ever recorded for the joumal. which is now in the second quart]￿ (Q2) journals for mineraSogy in the Ciarivate ranking. The journal is on the right track aThJ we expect that the collecb've effort of the editon'al board, Staff and publishing team will h8lp lo Increase the impact factor further in the coming yoars. George E. ChrBtidis, Chun-Hui Zhou GeowBlo Intgrfac85 Th18 Wa8 the second full year ol opeT8tlon of our Gold OFen Access joumal lo support the growng community with research interests at the interface beknn mineralogy and the blos¢￿nCeS. The joumal comtyements the Socw's othèr estsblished joumals, by focusing on four key area5 that inter88Ct acTOSS the gecrbio interface.. b￿0g￿l {includiro but not limited to microbial} systems. en￿rOnMental, geochemic￿ lorganK and inorganic), and energy and rgsources. Original submissions descrits'ng fundamental, trwrelical, experimental. or appli8(J interdisdplinory Studies pertaining lo any Spatial or temporal Scale areconsidered in scope Ilncludirvj research 8rt]cles, re¥￿. a￿1 communKabon$). This s¢ope i$furthersp8cified by the Idlov￿n9 loples. The journal has three Prlnclpal EdAtorn (J[￿ Uoyd, Universty of Manctwter, Hailiang Dry￿, Chinese Universlty of Geosdences B￿lilY4., Annette Engd, UniveNty of T8nne$￿9j. H. DorKJ was replaee(I by L. Shi (China Universlty of GeosciaKes. Wuhan) during the year. We ￿s0 have a te￿ of 33 internati￿al A$S￿ate Edrtors (below). The louinal ￿rrenIty has three open 'c￿￿￿'ons.: 'crIt￿ K4etal 810pr￿Sin9', The Bic#Jeosphere'. Ab)¥e. Beltrw and cnd,; and 'Microbial Biomlneraizatson.. Assoclale Editorn: Li8ne G Benning, German Resear¢h Centre for Geosciences, Potsdam, Gemiany.. Rizlan 8ornier- Latmani, Éeole p￿yteChnIqUe Fédérae de Lausanne. S*fjtzerfand." Michael E. Bottcher. University of Grerfswakl, Germany., Casey Bryce, Univefsity of Brisld. UK.. Clara Chan. Universty of Delaware. USA,. Julie cosmid￿, Univeryty of Oxford, UK.. Maria Dittri¢h, University of Toronto Scarb)rough, Can•Ja." Yiran Dong, China Universty of Geosciertes, Chlna,. Rosemary Dorringtcffl. Rhod8s University, South Afnca., Javier S8￿heZ Espafi8, Spanish Rosearch Council ICSIC), Spain.. Kim Handley, UniveNty ￿AuckI￿n￿. New Zeaiand., Qiaoyun Huang, Huazhong Agncuttural Univ8r5ity, China,. Jinwc4)k Kim, Yonsei Un￿e￿ty, SoLrth Ktsrea,. Ji-Hcon Lee. jeon￿k Natlonal UniveNty. South Korea.. Ptet Lens, National University of Ireland, Irdand.. Juan Liu. Peking Universty Beijing. Chin8". Muammar Mansor. UnlveryJity of Tuet4ngen, Germany., Jenine Mcculcheon, Universty of INatertt￿. Ca￿a,. Mohamed Merroun. Universidad de Granada, Spain.. Andy Mitchem, Abery$￿7 Univet5ily. UK.. Mlhaly Posfai, University of Panncfflla. Ves2prém, Hungary," Kevin Rosso. Paclfie Nothwesl National Laboratory, USA., Ana Sanlos, Natural History Museum, UK,. PIn8￿ Sar. Inth"8n Insb'tLrt8 of Technology Kharagpur. India., Yizhi Sheng, China Universrty of Geoscierw. China., Professor &)r6)n Southam, UnNersty of Queènsland Australia., Lucian Stai¢u. University of Warsaw. Poland.. Yohey Suzukn, Tho University of Totyo, Japan,. Elizabeth Svranner. lowo Stsle University. USA.. O(xi)Inique Tobler, University of Copenhagen, Denmark," Luis Fdipe Valdez Nunez, Nab"onal Univer8ity of Calamarca, P$ru.' Eric van Hullebusch, Insb'lut de Physique du de Paris. France,. Louise INe8ver, Insts'lute of Environmental Science and Research Limrted. Nthv Ze*land', Karrie Webw, University of Nebraska- Lincoln, USA,. Wei Xiu. China University of Geosciences. CIM"na', J* Xu, Arizona State Universlty. USA. The focus during our second year of cpwab'on was to Secu￿ as much content for aioumal still to achi8ve Its ffirsl impa¢t factor. The Prlncipal Edrtors acknovAedge tha exc8118nl 8UPFty)rt from Cambridge Unlverslty Press (Monica Moniz, Catherine Hill and Harry Busby) throughcyjl. Helen Kerbey has also ￿aYed a pivotal rcle a8 the Scciety Production Editor. off8rlng strong support to the edilortal b)ard indudlng the logistics ol pr￿ry our ffir8t 8ubmis8ions. Her role wa8 handed ovar to tho Executlvo Dlrector durfng the period under revl*w. Applled Mln•f4logy Group Th8 committe¢ durfng the p•riod uTh8er C¢MideraUon was.. Chair.. M. Smith Secretary.. H. Grnnt Trea$ur9r." R. Sh8W PROICommunication¥'. E. Marquis Award$ Officer.. Anouk 8orsl EDI Offjcei.. Beth8n P8yno Sludenl representsliv8s.' Chnstian Bi8h)p. Ra￿1 Purvr4 Industy/MDSG Rep.. Members.. J.F.W. Bowl68. A. Flnch, J. MacD(Thld. J. Falthful. M. Ll, O.A. Igbokwe The 9roup awarded Iwo tyJrsarf88 lo S. JabalLgh and J. Ack• durtNJ the pwiod under consideration. Two Issues of the Applied Mlner8logtsl newsletter wore published dwng the period under con$ideratl¢)n.' volum• and volume 10#1 in Deeemter 2024 and March 2025, resFectivety. The Applled Mineralogy Group supportéd the Mineral Deposits Slu(*es GroLV join meeting with the VolcaThc and Magmatlc Studies Group tr￿1d in January 2025 in Trinity Cdley D￿)lin. Clay Mln•rnl8 Group Comnwlfee Meetings Th6 CMG hdd ffive ¢ommittee meetings. all online (2P J￿Y 2024. 22* October 2024, P December 2024 (includiry AGM), 25° Febnjary 2025 and 8th May 20251. Distinguished M&mberAw8 In the 78-year history of the CMG. onty indlvrduals have been hcrnured wth the award of 'Dislinguished Memberf, mark of esteem whlch recognizes outst8nding Ind￿dual achievements in clay resea￿h and in acknowjedgement of exceptional Se￿￿e. The previous recipients Rcbert Mxken2ig11983. Macaulay Institute. Aberdoenl and Colin F8m7er (2003. Macaulay Inslilule, Aber(leenl. We are aware of many ir)divhlu￿s who have made signffi¢ant contiibutions to the CMG and the wider clay communty. However, when Simon Kemp. of our commrtlee. presented a nomInatic￿ to u$ for considerab'on, there was rKs hesitation from the commrttee to confer th* award on the Ind￿lau81 ry)minated. We are delighted that Christopher Jeans (University of Cambridge.. retiredl has ¥¢epled the award of Distinguished Member of the Clay Minerals Group. The award will be fotmajly presented at the XVIII Intemational Clay cL￿ference Sn July 2025. Xvlll Intgmallonal Clay cOnf8￿nce The main tsu$ of the CMG wthin this rgwrting wiod is the organFzalion of and preparation for the XVIII International Clay Confeyence IICCI which wlll be hdd on 1>18 July 2025 at Trinity College, Dublin. On behalf of ts CMG, this 1$ È•ing led ty Steve HIll￿r and Kevin Murphy, and ￿ sirwety thank them for all they are (ksing to make this mee￿ng a success. M8ny members of the CMG comm¢ttee are also session convenoTr and have plans to wesent tti￿r work at the mee￿ng. R8gistration has now closed lor the meeting. and it has been confinned that thtte wll te 35 sessions running over the course of the meeting 7Mth the final timelat4e already published. Plans are in place lor this m8eting lo be a hybrid ￿ent, wth r•mole attendea8 able to give bth Or￿ and poster presentations. As t￿ ICC 18 such a major everrt in our calendw thi$ year. we V•ill rnt be hosting a seixrate Research In Pr¢yess meeting. Bu￿&1￿3 The CMG conts'nue8 lo offer support fty COnfere￿e attendance through tsir ordinary bu￿ary scheme. In the reporllng period, we recelved $8ven aP￿1¢at￿nS for bursarie$. one of iknieh was for the Amencan Chemical SocSety Spring Conferonce 2025, San Diego (completed award and L¥Jrsary report can be vitrwod here.. htt s'.IhMv.minersoc.or oads120251 Pab I-M-CMG and the other slx are related to the XWII Intemational Clay Conference. We have had applications for our rewrch grant vthich were toth successfui and the research mlated to those 18 currently ongolng. The award of lunds will be Drovided at end of research periL*J. CMG Newslettgr'Phyllosophlcal N8ws' A team of Eady Career Clay Sciendsts ha8 prc#Ju¢ed arth Issuo ofour n￿￿lett￿ in March 2025. Tho is8U8 covered a ¢al8nd8r of even18. 18chni¢aF and Some,1￿hle￿ articles. Currant editorial tèam.. Hannah Pollak Iuniversity of Edli*ughl. Gk)n'a We-Addo ISh•ffidd Hallam Unlver8ty1 aTr Jagannalh 8iswak8rma (University of Bristc4). Clay S¢ienllst Int&￿1￿WS FollOw￿ng on from intaryl•wB as part of our ju￿￿@ cele￿10n$. Anko Neumann has led on the ￿an￿¥?￿on of further vlde08 belrYJ ¢real8d and shared on ts Mineralogical Sco"6tys Y￿TUbe Chan￿1. IP4Khin the reptsrting portod four more vldeos have been publi81*d as dotailad bekyw. wlth th.tect links to watch thg vldeo•. Ociober 2024 inleThiew- Ka￿n Scriv January 2025 intèrview- S. ner linteryle*td by Alastair Marsh) {intgrvie￿l by Binoy Sarkar) JU￿ 2025 inteM¢w- J. Bu dak lintwiowed by Frana8 Cleggl June 2025 interview- S. Kaufnold {iriteryl&A*d ty Stev6 Hillier) Europe8n Clay Gmups Associ8tK)n (ECGAJ Durlng this Feriod, the ECGA, of the CMG is an acti￿ member. continues under Jead8rship of prnsid6nt. Maguy JaÈer IFr8ncel. and $Krelary, Peter Uhllk ISlov&*ial. The group currenuy meets qUarte￿y, although this can and does vary dapending on actiwllo8. A proposal for COST Action fvnding was submitted in Octc4)er 2024. Thls proposal 1$ ￿l•lad lo h8lloysile res68rch and tsvo ol our commrttee members are involv8d wlh this wlieation. Unfortunately the proposal was un$ucces$fvl bLrt di8cusslon$ continue to implement imFwv8ments and rt wlll be resulxnitted. A rth website for the ECGA ha$ been developed by Epwan Paineau (France) and Pts)pes to Share ￿l¥It'e$ ol the ECGA and all member group8 golng forward. Soclal Metha The CMG'8 X Ifom8rly." Twtter) account l@CMG minsoc) remains INe, allhough less active thon in previous years, and 18 ¥till one of our important means of communication vAth Ihe clay community. The Lithedln Group (Clay Minerals Group Imlnersocll continues lo tsrget to and communication m8inly in¢Justrial colleagues l)ut also a gr¢)wing number In the ￿sear¢h sector. CMG-sponsornd8Ctwllles- Eump98n MineraAUK81 Confe￿nce (EMCJ The CMG supported the invited spe8ker at EMC 2024, Dublin. for the ses¥ion'StnJcturtrproperties relationships of framework. layered and ￿la¢ed minerals,. The Speaker choson by the Conv￿Or$ was Dr Anke N8umann. Paul S¢heTher InsOtul¢ PSI. Swttertand (and 202312024 CMG s￿retary) preserrted her tiU&J'The interdependence ofstwclure and redox propertles ofclay min8rn1s'. George Brown Lecfu During the reporb'ng period, Prof KatJ'8 Emmerith Irom tre Karlsnjhe Institute of Technology in Gamany presented the 25th Gecrye Brown Lecturo 1Enweerndb8Me￿. Ihe santhvich sealing syslem 8ndfhe swg11ing olbenlonltesl at Ihe 111h Mid-European Clay Conference, Pilsen. Czeclua. in September 2024. The review article eonnecled lo this George Brown L￿re will be published in our ioumal. Clay MingTrts. very 8Cth. The 26th George BrovmI8ctu￿r has already teen chosen and will be hwJNighted in Ihe ￿xt reFQrt. Annual General MediThJ and CMG C￿￿rnAte0 Membernh The CMG AGM was held online cfj the 5" December 2024. Helen PendI0￿￿k1 was elected as Chair of the group and Alastsir Marsh as the Se•, repla￿n9 Ank8 Neumann who ha$ herd this latter rde for the previous year. Kirill Shafran wa5 elected as Treasurer but durfng the reporh.ng period had lo step down from this role. At this lime David ￿8Y twk on the role of Treasurer. Anke and ￿'r111 ¥￿[9 b)th thanked ft￿theirw0rk in offi¢w roles cfb the committeè, and b)th do ￿maIn a$ ordinary members of the cc*nmittee. The commrttee m￿nbe[shiP for 2024ll025 is as follo￿". Chair. Helen Pend[U￿k1 &cretary.' Alastair Marsh Treasurer. David Ihtray Prinupal Editors Clay Minett*s.' Christidis and C1￿M Hui Zhou EDI roprèsentative.. 8inoy Sarkar Members.. Francis Clegg. Steve Hillier. SIM￿ Kemp, Ar*e Neumann. ￿rill Shafran C¢>Opted Member. Umii Ghosh IAIPEA ECR UK Rep.) Envlronm•ntal Mln•rnlooy Grotsp Commit8e Role$ Sln¢e the pre¥Aous annual report, the EMG has added one r*4V crAnmitteè membgr (L￿8 Blackbuml lo rts ranks. The comrrtittee 18 8t(11 acb'vgty saeknng new members, part6cularty those wsh tojoin In rdes of Ea￿Y Career. Furthermore, next year wffill mark the arrtl of the Luke's (Chair) and Tom's (Treasuferl standard >year tenure in thes• rol68 and as such, recrnllment far the committee is nu4V a prionty. The ¢uThent ￿nM￿te0 as follows." Chalr.. Luke Townsgnd Iluke.lownsend Aude8p￿s￿8erVIee$.ukI Secretary & EDI Reprey8ntslive'. Kath Rothwdl Ik.rothwell Treasurer. Tom Nèill ltt)oma$.neill man￿Ster.8¢.Uk) bri8tol.ac.LA(I Communications Offic8r'. Rick Kimber lri¢hwd.kimber@matxl)e8ter.ac.ukl Eady Care6r Repie8enlalive'. Vacant student Repre8enlgUve & N8wslett6r Editor. Lathom Haigh IllhavJh1@shoffiel¢J.ac.uk} Industrial R¢pres8nlaYve.' Aislinn Boyian {aislinn.Wan uknnl.coml Standard committee mamber¥', Le￿.3 818ckbum Ilth*is.bla¢kbum sheffield.ac.uk) R•s88rth In Progm8s M6elw The 2025 EMG RIP look plac6 bet%bpen th9 24th and 25" June 2025 41 the Unlver81ty of Shèffleld with th8 theme of'From the 18toratory tothe fidd,. The meeting saw around 30 attendees gatheratthe SirRobgrt Hadfield building and online lo $howca89 de vadety ol ongoing research in the area of enwronmental mineralogy. Towcs irtluded ¢arbon sequestr81ion, radlonuclldes in natural and anthropogenic minerals, arKI mining. Three keynolè talks were given during the meellng. by Dr Jagan￿h &"swakarma, Dr Sarah Pepper, and Prof Sam Shaw. As • previou8 EMG bursary winner, Jagannaih 8POke aboul how his work on iron 0￿des. part-furKled by the EMG, was hèlping to clean-up ar8enle contamination In India. Sarah wès Invited 88 part of the commtttee's push to sh¢)V*rase talent in techn￿8￿$ and gave an èxcellent overview of har varied an exciling career In mineral 8Giences. Finally, Sam presented on how the Mineraksical Scciety ha$ supported hSm throLuhout hls career. from undergradugtfr 8twlgnl to profes•or 8Th1 Presldent of th• 6ocW. Asid8 from the keyr)ole presentations. the quality of tslks was excellent frcffl all the sfftaker8. Follown9 0 lot of deliberation. the ￿nner ol bg¥1181k went lo Ptyush Sriwasta¥a of the Universrty of Oxltrd his excellent work into the mechanisms undefpinniTrJ carbon $equestrats"on. Th6 Poster session was equally erKdaging and comFeblive, with all poslern in contention for the prt2e. HoAever, ultim*ety, Masters student Thecthra Borrioaga was awafded the prize for hei excellenuy presented and defended work on Ihe impact ol iron oxidAtion Stsles on glas$ di$sc4utton under radioactNe waste disK¥)sal condltions. Overall. the meth'ng was a great su¢¢e85 for the EMG, ¥￿th a g(bl mix of toth new and famlliar faces. Th8nks lo fiJTrJing from the Royce Institut8, catering was provided for the duratr'on ofthe èvenl at no costlo the EMG. In the future. wg hope to expand the remit of thes8 meetings as there was an over empha8is enVi￿nMents1 radiocheml8ty. The committèe hop8s lo wor on expandlng ils roach over the next year or so to combat thi¥. Newsletter Latham Haigh con￿nUeS lo the newsletter v*ith th6 latest verslon available Pthe". Environmenlal Mine Mlnerolo Ical Socie of the UK and Ireland mine orer Earty CareerR&se8rcher8uts8ry Awanj The bursary c811 wa$ as8es8ed in De¢emb8r 2024 and we had an urK*recedent¢d nwnb¢r {￿xI of hIg￿qUality 4)pIi¢81iL)ns1811 for the Earty Career Resear¢her bur$8ryl. After a lot of deliboralion be￿￿en ¢ommltteo members, the bursary was awardèd to Jagannalh Biswakarma, a postdocloral re$e8rcher at t￿ University of Brist￿. His proposal wll help him lo perform analysis on sample8 from hls fiel¢*woth on As contaminated grourA*vaterJ in IrKlia. The next bJr5ary call is expected run in18te Spring of 2025. PhD 8uts8ryAwanS In June 2025. we award8d Heloisa Llcknnson olG[asg￿ UnNer5ty the Pho t¥Jr8ary award lo help fund her trip to the Brazillan synchrolron. Thi8 trip was ortho$trate(l ty herself, wru) the beamtsme aut0norn0u￿y. Whilst the fvll cost ofthe tn"p couldn't be covered by the EMG {41500}, we awarded the full bursary am￿nt {£3￿) on the condrtbon other funding 80ur¢es were cètsin•J to cover the remaIni￿ bal8rte (which Yds achieved). G•och•mlsty Group The aims ofthe GecLhemislry Group are to womote gecKhemisty as a dlsclpline, and to enhance links be￿en the rn￿Y area5 of geochemlslry. We parbcularfy fc¢us on earfy careef ge0c￿MISts IPhD candid*es and postdocsl and aim lo provide a platform fot new gethmical tslenl in tr¢ UK and Ireland. Our main actsvities Ir￿lude an annual Ge¢xhemislry GroLSP Research in Progress (GGRiP} meeting in April e&h year (held In Blmingham in 20251, as well as runnlng hvo postd¢xloral awards, a merrtorship scheme, student travd ￿rsarieS and meeting SUJ>Fort1 Past and ptssent membefs of the MSG ccfflmiitee (Kwler. Palin. I￿rte) have ￿nce a¢tod as judgos for submissions.. the final third list has not yet been published. Mlnoral Phy•l¢s Group ReSe8￿h in Progrpss mgeting 2025 The Mineral PhYS￿S Group's main event each year 18 our Research in PrD3ress meetbng. This yearf8 meeting was hosted at the Universrty of Edinburgh on April 2025. with a le¢al organising committee consisting of Tetsuya Komabayashi and Zen8 Yonne$ Iwdlnary committee members). The meeb"ThJ is usually held in the summer. ￿ a spring edillon meant il could co1￿lde a Natural Envlronmenl Researeh Councikfunded workshop ￿ the Chem￿81 ev￿utiOn of Earth's core, also organtsed by T. Komabayashi. This joint event attracted a larger intemalitJ)al deiegab.on than Ss usualty expected ￿ c4Jr rneetings. Induding one of our invTted speakers. Gulllaume Morard ICNRSI. Nin& Orydl presentations were given. inclLKling ftyjr by invilod sp88kers, on tI)PlCs ranging from Earth's mande rhe01￿Y lo exF)efimental c￿e￿nInat￿nS of tho magnetic structure of iion-nickel alloys. Attendan¢e wa3 on a p•r wilh prwous yearn despte thè long travel times for mary delegats8. Al Ihts yearfs meeting, th8 comrnlttee agr9etJ to introdu¢e award$ for the bost stud¢nt poster and oral presentslons. The aim ofthese awards is lo rwnlse outstsnding pr8sentatiorts and to provth exceptKThII students whlh addrtion* re￿9n￿on th81 may hglp them in the next stsges of their careers. Viktoria Trautner (Oxford) and Msrk Robertson (Edinburghl we ludg¢d lo hav8J delrvered the te81 oral and poster wesentations, resp•cb'vely, ty the wards sub¢ommlttee (NiGhoL8. JennlrvJ8, s￿house). Each wnner received a £50 ￿ze and a framed cortificale. S¢udanl burs81Y•S No dedicated travel bursarie8 v*re issugd thi$ year as only appficants were al80 In￿ted Speakerd for the group'8 Research in Progres8 meetr'rKJ. As s￿. lh• travel c08ts of thls dèlegate Vbwe supwted di￿ to their invited status. Annu81 Genernl Meeling and MPG Commiltee membetshlp The group'8 annual gèneral me8tiThJ was h91d in Edinburgh, fc41ovArwJ our res8aTch In PTogre88 meets'ng. A promslonal a88e$8m•nl of the success ol th8 8vent W88 di8cuss•Y *ong consideratoons for th8 next edition ofthe meeb'ng. There have boen no chary$ to the Commrtteo memborship ofthe Min¥d Pty8i¢s Group ovw the pa$t year. The lull crmmittee18 85 follows.. Chair.. Alfred Wl8cn-Sperw ILeed81 Tro88urer. Ste￿n Stackhouse {Le8dsl S•crglary". Elganor Jennings (Birkbèekl Ordlnory Mèmbers.. Auiic4 Rae (Edlnburgh). Tetsuya Komabayashi IEdinl)urgh). Clairn Nlchols IOxth}, Jthn IAheeler ILlverpooll, Frod Ri¢har¢ls Ilmperlal). Oliver Lord (Un￿01•1fy of Brlstoll. Zena Yonnes {Edinburghl and Simon Hunt IManche8terl Vol¢anlc and lfi•gmatlc Studl•8 Group The main aclimlies of tho Volcanic and Magm8b'¢ SbAfr*$ Grow e4MSG) We conf￿g￿e$, sp)n8orfng of awards. fvnding travel bursaries fcf PhD students, publishiry a quarterfy newsletter and kewng in ragular contact ¥Ath ourcommunity thmugh em8118nd social media. This report summaiizes a¢tivities trom 1 July 2024 to 30 June 2025. VMSG Comm￿06 nmtutgs The VMSG committee meets formdly pef year. in June and D￿nber. In belween thesg dale8, wè ariange award8- dedsion meetings, making decislons on ¥lucI￿1 bursartes and community•Mminated wJ8t-thxtoral and academic award8. All meetings tske place onlino. Meatlngs In the p8St year have irtluded tJetai19d ￿￿rtIng kythe Dublin ccrfer8nee (January 2025, see below) and planning for the January 2026 Southampton confererce. In June 2024. a key item was also the continued planning of the 601h anniversary seminar series, hosted at venues arourxl the UK and I￿and, vthieh was completed in Oecemb8r 2024. New 8wards procedures were also discussed al this meeting, which are n¢)w baikled in. atthough the fLrture structure of the Henry Emeleus award is still undergoirtg discussion. given the c￿1 of this thvard. A signifK4nt aCti￿ty in the See￿d part of 2024 was the finallsation of the VMSG EDI report Topics discussed at recent Commrttee meth.ngs aL80 inc1￿le rothes lo bro*ning and maintaining sponsorship, gNen Ihe108S and narrowng of sponsor supwt, and Ong￿n9 c￿￿nge5 wth meetirvJ costs. A focus cm minimizing costs foi the annual onferenee was a topic for Ihe June 2025 meth"ng. A number of stud8nt-led vthshcys have been arranged over the past year. and we now have a we114eveJaped sttxture of both student arKI ECR-focused w￿kShopS that take place Ihrough the year and al our annual meeting. We are a150 Ic4J(ing at the Pokntial for additronal Community meetings andlor wthshops in 2026. The pasl ye8r has 81so seen F4ans devdop for sooal medi8 thannels. induding Bluesky, and devdoping 8 more active Linkedln page and Discord channd. Conleronces The annual wnter meeting was hekl SU￿SsIu11Y at Trrnity College 0￿￿1n from 64 January 2025. I￿nIty vrfth the Mineral Deposit studies Group. There ￿Ere 279 registrants in lolal fin-Ferson), ￿ 128 inthcating a primary VMSG affiliation. The onfer8nce provided a mlx of jeint and spif( sessions, wrth wsters up for the fvll Conferen￿ and spanning VMSG and MDSG lopics. There was a 54."46% split of students lo rx)n-Students {very similar lo recent VSMG conferences}." a ba18nce reflected in the oral p￿sen￿tIonS lof 48 joint or VMSG-focused tslk5, 27 were from students). There were 96 postsr presentatKw. Before the coftferenee, the local organislng cc*nmittee organised fieldtrips to Giant's C¥usw•vay, the volcanic and mineral deposit exp)sures at Avcta, Co. Wckk)w, aThJ to ￿"t9 Rc¢k. After the conference. four workshops were org8ni5ed, on Rasearch impact and communication. multi-syslem geo¢hr￿￿Ogy. thernobarom8lrlc modelling. and su5tainabillty in field operations. These workshop$ were led by ¥ar￿uS members of the VMSG and MDSG cc¥nmunlbes from Ireland and the UK. Keynots talks wtre gtven by the VMSG ￿ and ts Zeiss postdoctorat award wnners. Mike Heap received the 2024 VMSG Award, and Michal Camei(kHary th& Zeiss posldo¢toral award. The conference slLKlonl awards went lo Lydi8 ￿lttaker Ilalkl and th'gail Robinson (poster). The next annual conferencg will be held at NOC SoLth8mpton. in January 2026. The conference w•s fo11¢74¥ed by wr AGM we communicated aThJ discussed VMSG committee acllviti05 with the members. The commlttèe al80 hosted foNm$ wth our student memb8TS, Eady Career Re8earehers, and on equality, div•r8ity and inclusion. 13- Finances (1st Juty 2024 to 91h June 2025) The lolal balance in the VMSG account ￿ 0910￿2025 £28.597.33. This valug 18 unlikely lo be al￿0 to 8UPP)rt the full C08t of an annud conference in a Wor81￿se scenario so altwnpts will b8 m&Je to 9T￿¥ our bank balance. Over the year, the committee expenses included costs irKurred by fomer Chair, Tamsin Mather, lo wsrt Dublin ahead ofthe VMSG 2025. modasi gifts for confererte organisers. and a VMSG mrd trophy. A total of six travol bursaries were claimed in the reporting period. Ckne workshcp at the Universlty of LiVerF0￿ was supForted. Awards expendilure includes £300 for trwo sludent pdze winners (Abigail Robinson and Lydia Imiitlakerl at th8 VMSG 2025 conferencé, and £2000 for Honry Em01￿3 Awards (Jennrfer Marsh and Jlnwd Zhangi. Expen89$ categ0ri6ed undef 'CXherf Indude a single web hosllng fee. We fec8lved our annual c(thbution of £2CQO.00 from the Mineralogi￿1 and Geclogic81 &Kieb'es, £405.30 in interest from Inveslmants in Coutts & Co and Scotts'sh IAfjJ8t(k¢toral award wère presenlgd ¥wth theii aw8rds at the oU￿1n conference. The VMSG Award was renamed in 2024 from the pmiious ThemioFi$hw Award titla, a8 the award18 Icnger sponsored. The Imlly A8Finall award was ￿t gven thi$ year due to a W of nOmina￿On5. Thrge student bursaries have beén aydrded at the lasth¥o bursary rounds. providing travel supportforconference attèndance. old and laboratory vi&ls. The H￿ry Emeleu8 Mrd was not awarded, and discu8$ion over a ￿entL￿ r88trucludng of th18 award is being ¢￿81dere(1. membe￿ Our on-lin6 presence remains h￿hlY active. Information 18 disseminated to ts 9roup members vla our new8lelt8r ￿1¢h 1$ cSrculaled quarterty to a mailing li8t dc 1000 poopla. 8NJ via tre VMSG V•Bbwte and active 8o¢lal metha accounts Isee below). EDI tsport VMSG flnalised Its second EDI rep￿ in 2024, and this was preS￿rted atthe Dublin EDI forum and shared wth the C￿munIty. The reF(Jrt. based on a survey of VMSG members (92 respmsesl, reviews pn>3ress on previous recommendations oulllned in the 2020 VMSG EDI report and presents the nthv survey reyJlts. The rewt 81s0 ¢xrflines ngw recommèndations based on the survey responses. around the collecb.cfj of data to assess the effectivw￿s of EDI polla"es. the formal ofthe annual VMSG c¢)nference, as well as the breadth of avrdrd5 and the nomination prccess. The full report 1$ avallable here.. Vc4canic and Ma matic udie8 Grou Divers nd Ind ion Re 2024. Otheractwil￿s Throughout 2024, VMSG oryanlsed a series of eight seminars. hosted at universjties and olher organisalions by members of the community, across the UK and Irdand. to eetetjrate its 60￿ Anniversary. VKtherever p05s1ble, these ￿re open lo membèrs of the public and advertised to Itxal geolc#3ical groups, as wejl as students. Several of these *re streamed online and recorded. and are n¢)w available on thè VMSG y￿JTUbe channel. ECR-led w￿￿h09$ wwe arranw ai the L￿blIn me81ing. arrfj directories have been updated on the webstte. and an ECR netsvor1(Ing event wa$ organvzed. Recent activllies include online support sessK)ns for PhD ap￿leatiOnS aThl an inte￿￿e¥￿& v￿rkShOp. All student resour￿ have been updated on the websrte (including intemships. c4)portunibes. pmiect kstsl. 14- VMSG also 8LlPP(%led the Earth SCie￿s Te¥l*s Assouation 2024 C4)nfere￿e in LNerF4)01. VMSG continues io communicate lo all memb&B via our quartety newsletter, as wdl as via the email list varfous sod media acwJnls. Tha new8ldter includes rep￿ts from tr*e communty. inclLKling rriixenls ofour Student bur58ri88. YouTub8. Sw81 m8tha 8nd w•bsite Sochql media follower counts have continwd previcw trends of slow grcrt•th on most plattom?s through late 2024 and into Ihe first hair of 2025, ￿th Ihe ¢ontinued exception being a slow decrease in Twitterlx and faster growth on Blu8Sky a5 acadèmics move from one pkfform to the other. From October 2024 to June 2025. follNprs on Twitterlx total-120 1-2%, In$ta9ram 35 15%. YouTube 27 110%. F￿eèc￿k-11 0%. and Bjuesky 245 1142%. ￿rosS all F4atfDrms, thete has been a nel increase in followers of 22113%. In Awil 2025, VMSG 8150 laurKhed a Llnkedln page after discovoriry a thously created group was invrt&mly. Th1$ has generated 35 foll¢>wers to date. Commrttee The current committa¢ is as follow4.. Chalr.. Prof Jenni 8arclay- Un￿erSty of Bristol Honorary Se¢retsry.' Dr Sebastian Watt- Universty of 8imiingham Honorary Tr6asurar. Dr James Hickty- Unlvorrity ol Exeter Ordinary Members Katie Pree¢e IEqualty. Diversity and Indus1￿ Olker} James Dalzlel IS¢¢ial m￿la, web manager) Katy ChambedaSn {Awards and Bursaries) Brendan Mecomick IEv8nt&lOutreach) Lara Mani Isponsorshipi Mlke Stock IOutr&acN5pon80r8hlp) Lukè Hepworth {ECR Rep) David Neave (Newsletter) Rahul Subb8r8man ISbJdent Rep} Nata8ha Keelèy {Studgnt Repl DISTINGUISHED LECTURER PROGRAMME The dlstinguished lecturers for 202425 weie Prof. Casey Bryce Iunjversty of Br161of) and Prof. Frances Co¢)pèr (University College London). Prof. 8ryce ￿SIted Unlvwsty Colloge LcffldorVBifkbeck Unfversity, Unlversrty of Glasgow, Trinlty College DublSn Iposlponedl 8nd O¥ford Universlty. Prof. Ccoper vlsrttd University of Mancheyler, Bayreuth Geoinstitul. Universlty of Gahvay, C8mt*)me Schcol of Mine8. Univerrity of Bnstol, Cardiff Unrversity and Unlversity of Cambridge. EQUAufi. DIVER81Tr AND INCLUSIVITY The EDI Cornmitt¢¢ met ts￿ce during the perfod uTh4èr ¢on8ideratton. ￿ Commitle& C¢ynprise$ ofa Ch8lr (Laura Kelly) and Vice Chalr (An8 Santos), together Sally Gibson12024IISam Shaw120251, Kevin Murphy and a diver58 group ol memb8r8 representing many of the SIGS Over the perhxl in quèstion the foll¢)wing were members of the Commrttee for at least part of th8 peri¢)d". Kath Rolhwell, Binoy Sarkar. Savannah W￿ne, K*ie Pr88ce, and Clalre Nichols. Th? Chair acknth¥ledges the valUa￿e inwl of all past and prgsenl c￿n71tte9 members aThJ thanks them lor their efforts, whilst also e￿Ouraging those who believe they could Conth'txrte lo th8 Society's ong¢irKJ efforts lo fDsler EDI, lo consider becomlng an EDI Commlttee member. Please cont￿1 the Ch&r, Chair or Kevln Murphy rf you have any qu8rigs ats)ut Committ¢e member8hip or role expectats'ons. ilst the remit of the EDI Ccrtnmtttee vras arKI remains broad. V•B have focused eftLYl8 during the wriod on advanclng the fin81 key area lo be cOn￿dered, i.e. EDI and pulAl¢at￿s.. FINANCIAL REVIEW Troa8urerf$ Report This report IS 8 summary irf the accounts for the yew endiryJ 30 June 2025. 11 is underplnned by a fiJll Set of accounts which has been audrt&J by an independent auditor and %thich forms part of this Oxument. This measure ￿ in place to ensure that the Society is being run in xcotdance ifs Chwitable status and give a true vie4V of the financkql position of tha charlty 8t lime. Figure 1 is a consdidated stalemwrt of finanoal activities Of￿ gth.ng a summary ofifieome and exp8nditu￿ for the year ending W June 2025, and ajongsidè this a comparison of the figu￿5 lor the previous year. The lotsl funds of th8 Soryety a￿ valued at £1.534.412 (compared lo a value of É1.476,139 for 202>20241. Ihhilsl our investsnents have not dèlivered such gains as In tho previous year (£19,226) overall the society has perf￿￿ w811 and moved from an operaticn81 dgfiat in 202>2024 to a suWus this year. of £39.047 (total f￿18). 15- A mtye detailod investigation of income and expen(tthJTe can be seen in Figwe 2. Donations and investment income (dlvidends and investments) remains tdativaly constarrt comp*ed lo previws years. as does income from members. subscriptions. There has been a Substanti￿ irKrea$e in irKome from CAmbndge Universty Press {CUPI, for both MlneralogKal Magazlne. aryj C18y Minetsts. and the relatN* G80-&c• Interf￿&s1ouM8I (total income from CUP of £205,416, compared to £150,779 for the year ending 30.C6.241. Imtilsl thls good news, the income we receNe from CUP does seem to fluctuate year ￿ year. and these amounts canrth be reli&J up(m movlng fmTd8. Income from conferences is substsnts.al this year, at £205,278. primarily assctiated wth the EMC conference. There are, of course a¥socialed expgnditures against bcth of these Items. wrth edrtorial Costs al £59.445, and additional put41￿tion eXper￿ltUreS, and conference and meetlng8 expenditure at £179,887. Overall htyvgver, these tr•t* items have led lo a su￿1￿$. Olhei items of expondilure do not deviate rnuch from p￿ViC￿5 y￿. SIG 5ponding again ou￿e4ghs Income. but this Is expected and offset again8t monies held in the irKlividual SIG acC￿nts atvj fellects Ihe ongcAng work of ts groups. Office expenses have decr9a8ed this year, due to transfor of monies from conferences lo offset staff b'mo spent on these activitye8. The balance of expenses asslgned lo charilable adtvity compared lo those of g)veman¢e remains telatively constant, with 78% of $taff Ilme. costs and office usage SUP￿ing the charita￿9 activtties of the sopety, and 24% going lo govemance and 8UPPOrt CO8ts. Thls Is comparable to the benchmarks suggested by th8 Chanty Commi88th. Figure 3 show8 the b81arte sheel for 3￿ June 2025. This18 useful in comparir¥J our assets lo the wevious y8ar8. The tangible assets (£37s,[￿lI include thè wal￿ of office fumiture. compub'ng equlpment etc which depreciates In value over time, but also th8 office al Baylis Mlws, which has retained Ihe $8me v8iue1£375,000 In 20241. Our investh)8nl$, rnanaged by Cavenove, have de¢reased this year, from £934,719 to £881,048, but th18 has I￿￿￿ed the drawdovm of £90,000 lo the Society ¢urrent account in A￿U$l 2024 and the vdats'le stsrt to the new ca*ndar year refiecting th6 uneertainty of global marke18 followng the intrc4Jucticfi of tariffs by Ihè USA. To repeat from the irmtol parngraphs, overall there ha8 bean a slight increase in the overall nel worth olthe charity. CONSOLIOATED STATEPIENT OF FIMANCIAL ACTivmES NO￿ R•aliKi•d Fuma T•ial Fund• 480471 491.37> Tc.ial TrtsTe N•i oxpendhur• •nd Nei m￿eMent kn Funds bel¢r• G•ln• and Losvs on I￿••1mèn SumiiJ5 on nropen j rfrkai daiiJn Ng; Ga,ns ID&lic ri cn In.es!,ry￿n N61 Mov•meni In Fund• T¢4ai Fur.ds i 2G24 T¢iai Funds 30 ..￿￿ 2v25 3022 7922£ 1>.7k6 74&.,3 24f7 siaiemepis oi Financi81 Aci"I": ts t-. A￿1 If,￿ming iesc4irces an2 ,"és*,..c*s eA*n:e# &. ..e iitrTY j-, uin- a=..￿..11 Flgure 1. Con801idaled Jtatemant of financial actMtie&. -16- N￿e$ 2025 2024 Donat￿￿5 am Le9a¢ÈS Ini'e£iry*ni In¥OTh$ Ineon* from Actl¥thg 2.250 24.498 23.429 GiftAia Conieten* alw os In¢cThe camDr￿ge UnfvÉis;':y Poss itrll.• & C14 Cam)ioge UnNI èrsity P[*￿ G*TrE',o Inief•3=*S PuDlicaiion$ Inknoma ￿￿=￿1 In*i** Gtp. .up< mknC.ne,PJgÈ 2K. Le$$." All￿11￿n.1[Crn IAin&rsicg', I S•ci& I QTAL ItKorne 29 822 440 20? 27è 2a.745 389 140 104 70.875 I EO.779 4.551 IS239 -16roJ 6£,624 ¥71 EX￿ndhurt Gcnti It J G. Exr*ndtture on Ch&rlMbk 4E40 2691 JtyJmals EKoonaitUf• Etsmenis C¢nlÈreriC* Jno i.lefrtyrgs uwrsiPJre .lineral￿1C8l sa-. Dlsiin JdisN¢ Lt¢trareis Vle)Si¢e antt Ftslure u Ire S?c*? 187 283 17Q177 70 3505 8.727 88C T.C07 Jrr•l Eail¥fjT"fdi C.csi< C*-.5 c l+Y,frr•tfs Putylic81i¢ns Lxpnaituie . Net Tfa¥'ei 8ursarit*S Sr*.: lèi ',npT*SI •'CL%,F El￿ne1,. .fe I Paw ?51 L659' Tran5arflcffis Ypllm l0in•r8i￿￿a', S¥tii QYIc4 Exwnses SyoDort Costs C*oretiaiion ljisttiianèous •xc¢noilur TOTAL Ext*fta(L'7e 39 691 17.756 .285 .? 768 4107 6941 2.5..0 24 074 .7?5 23 3J9 .2 .i4¥ 87 183 124 272 $7 >33 614 2340 73j1 327 998 Figure 2. Summary of Society irKome 8nd e>senthture for year anthng W June 2025 Iprevlou8 year for compar180nl. 17- FIXED ASSEIS, Ta'ngtrp &6. 109 37>,223 934 719 1.309.942 Toiai FL¥eaAssets CURRENT ASSFts Debiors Casn ai 8arth and in 7ttsl CLY￿rn Assets 1D 49241 37n. 18Q 415.421 5?5 i21 LL4BIL ThIES CiÉé¢fs' An%rfJr4$ Fai)rq D* Weinin Cnfr YèaT Taai Assets Less Cul￿￿ L,&ilrtts NET ASSETS 12 166.197 1.47> 139 UnrtSTricts¥ 5n¢*JTe PLW.ts Restr￿1+0 Yrcory* F¥Tr. X.- Qwustsining l.*nt¢r5r.p F1 r￿j Wilty Aspinaii Pn?f Funa 1 443.432 21 010 29 937 1I.TID 3>134 TOTAL CH4RrrY FUNDS Flgui• 3. 8alance sheet as at Jun8 2025. INVESTMEKf POLICY AND PERFORMANCE In aCcorda￿a the 8yfrL8ws. the Society T￿le¢S have appointed investsnenl managers lo implement the Inve8lmenl strategy {8 copy orwh￿h av&lable for inspeclion Ifom Ihe Scclety ¢￿} and to en8urg the salety of the undertytng funds. C8zenove Capitsl Managemenl LimiteLI ￿18 8ppoinlod durlng 2011 88 investment managers. In 2022 8 fomi81 investment poIIcy w8s approved by Councll. R18K MANAGEMENT The TnJstee8 have cons￿•r8d 8nd revie**d the major risks to *thlch Society Is expos￿3. The Trustees have a risk managemerrt strategy la copy of wh￿￿ availabl8 forinspoctth from Ihe So¢￿ty offKell %thich comprises a regular raview of the risk8 to the sc￿1￿ty and ts èsl*lishmenl of sy7lems procedurns to identlfy those risk$ to enable the Tru8tees to Impl8m8nl ￿tIon lo minimlse any potential impact on th6 Soc* that ¥haJkl arise. A key dement of the management of financial 1$ via a review of the reseNes poliry and obJecbve8 of achiev6ng.' 1. Long-lemi capital growth lo ensure the fviure sustsinatslity of the Society.. 2. An option to draw do￿ cash from the investrnwts to SUFPJrt ￿ xts'vili85 olthe Sowty by:" providing finanu81 support meetings and conferences. b. providing finan&al $uppM forjcyjmals when needed,. prowding monies ts ￿nab.C￿8 arKd awards.. d. ccthbuling to the eost of the administration noeded to SUPI￿ ihe Socrety'8 activrb'es. The prfnclpal fundirs sour¢es for the So¢iety are the Inccrn frcth ¢orrf￿0￿C8$ and from the Wication ofjoumals and books. RESERVES POLICY The trustees consider that res8Nes in the wron of six months rKovide sufficient fijnds and the sttle￿S balance ￿t current 88sets arg in excess ofthis figure. PLANS FOR THE FUTURE We have plan8 lor a n)eeting al tha Universtty of Marthester. to ¢elebr8te Wf 150tr Anr￿Versary. In ¢onjunclion our partners at Cambrldge UniVe￿ty Pr￿, we ¢onts'nue with efforts to womote attra¢t content to ¢￿r nthvjoumal.. Ge￿1? Interf8C8S. STRUCTURE, GOVERNANCE AND MANAGEMENT The Society is an unincorporated body and ts legal status is as a charity und8r UK Law. Reg"stered Charity Number 2337c6.lts goveming (locument 1$ rts 8ye-Laws. Th8 SW. a membership organo*ion. Incl￿e8 Honorary Fellows. 18 Fellows, Members. Honorary Members. Life m￿t￿Ts. Life Fdlow6, Enwitus Memb9r5, Emeritus Fellovts, Honorary Life F8llM. Earfy Career Memkers Student Members ￿ are ejected as mcribed by th8 8y&L8ws ofthe Soa'ety. Al members of the Society are eliglble for membetship of eiglrt special interest groups. The Socrety is govemed by a Council consistir¥J of a Pre￿deNt, a General Secretary. a Treasurer, a publ￿ti￿￿ Manager (cjjr￿nUY unoccupiedl, a Public Relations Offl¢er, the Principal Edrtors of Minei*wal Maga2ine. Clay Minerals and Geo-Bio Interfac8s and up lo 13 ordinary members. Two Vic&Presidents are nominated from amon9 the elected Council members. Councll members a proposed by lour Members of the Society and elected by the C￿nCil except in cases ￿ere an de¢tion is required. Th8 admlnoiration of &*iaty 18 LsfKlertaken by staff from its Generaf Office in T¥hickenham. ￿lch 1$ under the supeNl$ion ol the Exe¢utive Director. The Soo'ety has elghl swcid interest groups. e&h man*J8d by 8 committeè. The eight grwps are.. the Applied Mineralogy Group, the Clay Minerals Group. the Environmental Minwajow Gr(wp, Gecthemi$ty Group, the Geomicrobiolcgy Netsvork. the MetaM0￿C Studies Group, the Mineral Phy$ic5 Group. and the Ve4￿n￿ & Magmatic Studies Group. The Gewhgmi$iry Group, the Mètsmorthc Studiès Group and th8 VOl￿nIC & Magmatic Studies Group are loinl Group8 wth the Geological Sou8ty of Lcth with ¥thh a fofmd mem0Tw￿lffi of Urvjerstandlng was 8lgned in 2001 cov8rirKJ a number of areas for cwperalion. R8$trlctsd Fund - Sustalnlng lA•m￿lshIP Fund £1567 was falsed from th8 mgmb8rs towards the 8UStaining membership fund. Thls lund vrd8 formally establlshed on 1 January 2010. The m¢￿eY is ring-f8nced with 90% Invesl&J $0 that the fiJrKI can gr(Y4V and eventually become self- Sustaining. The other 10% Is used lo subsii*ze the free student memborships arKt bursaries. Ro8trl¢i•d Fund; th• Wllly Aspln•ll Prkn• Fund Th18 fiJnd was e8tablished by the Vdcanic & Magmatic Studies Group during early 2017.The ￿ety manages the restrKt6d fund,. it 18 expectsd that £800 ￿r year wll be disbursed from the fiJnd. 4400 as a cash award and -£400 to attgnd the annual VMSG meeting. The award will be made e&h year to the lead alrth￿ of an outstsnding paper on ap￿18d voIc8nology published lin Engl￿h) w*thin three ￿ar3 ol the lead author being awarded a PhD al a Univernlty in the UK. Th• prtze 1$ named in h(￿￿r of Prol. Imlly AB￿nall. a distinguished professor * the Univorsity of Bristd and 8 h8zar& and ri8k- 1gr¢e ccfi8ultant. Trusts• InduGtlon and Tr•lnlng On eleclon to the cou￿1 of the MineralL*tsl Society, an indivldual assumes a number of reSPC￿S1bilit￿8. 11 Is Incumbant upon th0￿ new council M￿berS lo familiart$e Ihèmselves wth their re8ponsibilili8s. This 18 achieved by reading the S¢xiely'8 By&Lavs thoroughly as well as reading the Charity Commiss￿n Document on the'Responsibilitse6 of a charlty trustee,. Trustee6 are remlnded that they are acc(yJntst4e in law for Ihe good govemance of th8 Society. The t6rm of offica o Council Member is three years, mèaning that there wll be Council Meeting8 during a lemi ol office. Members are oxpecled to gtter*J all of the88 meetings. 11 13 aJ80 taken ¢hal Ih¢y have familiari3ed Ihwnsalves with the paperwork clrculaled prfor lo these meelirvJ8 arKI be preparetedty be le8$ eff￿lent. Koy Management P•rsonn•l Remuneratlon Senioi manwjement pfjisonnel. to whom the Iruslees have delegated significant authonty or responslbility in ihe day-Io-(lay running of the chanty, have their rgmuneration revith¥ed at the November meetlng of council each year. The salaries are bench-marke(J c¢Casion￿ty against ￿]$¢ of similar Leamed Socieb'&s and with lists provided by organizab'ons suth as the Sclence Council IUKI. Spinerywnt in￿ase5 are wovkled in lire wth staff p8rformance", cost-of-living increases are granted ba8ed on the Consumer P￿Ce lThJex (produced by the UK'S Office for National Ststistics>. Both forms of Sncrease depend on the financial heatlh of the organizats'on. 19- Websits The Society's vthite is loc*d at www.mi arwJ con￿n$ upt¢>date informth abcKrt Ihe SoC￿ty, tts p￿ie3110n$ and h8 meelng8. The web%te is Ma￿ged and updated by the Executwe Dirtttor. ClSmats Change As a suer¢trfic s¢xiety, the Mineralogical takes reswnsibility rts Cart￿ fwtyrinl serfously. Our Officers,, Council and SIG comrnittee meetings for the past couple of y&qrs have all b&en held online and this ts likely lo conb'nue lo a signthcant extent. We are al80 n(Ml making rt possible for many of our gientifrc events to be attended virtually, avoiding the need for air or other Iravel. Trustees, ro8ponslbilltl•8 In rnlatjon to th• financial $tatsn*nts Thg Ch8rity Iru$iees are responsible for pr9parirg the Tntslees. Annual Rewrt and financial ststements in aCCorda￿t wllh apFA1c￿l8 law and Unrted King¢kn AccwntirvJ Standards (United lQ'ngdom Gengrally Accepted Aecounling Practs'c8}. The law applieable to charitigs In Eng18ThY arKI Wdes T￿￿[8$ the charity trustee8 to rAepare financi* statements for each year which glve 8 true and fa'f view of the 8t8te of affairs of the chanty and of the Incoming resources and applicalon of rÈsour¢es, of the charity for that porithy. In preparing financial statsments. th8 thtstees are required lo.. select surtabje &COLrnling wliryes and then appty them ¢c￿81stendy'. ob6eNe the methc4Js and prirtiF4e6 In the ap￿￿ble chwiti.es SORP.. make judgements and estimates that are raa$w￿e and pr￿n1' slate whether ap￿iCable accounting $tandard$ have been bJJm(1, 8ubl&t to any material dgpartum that must be disdosed and explained In the financi￿ statements.. pr8pare the finandal stst9m￿ts on Ihe gdThJ cc*￿￿M bg8i$ unlesJ it Is uwpprcyiate to W88ume that the ch V￿11 conknnue in IyJ8in88. The InJslo08 are responsible for ke¢ping yopor accounting iecoryls that disdose with reasona￿e accuracy at any time th• flnancial posrtion olthe charity and enable them to ensure trjat the finèwal BtateM￿ts comply %￿lh the Ch8riti88 Act 2011. the aptyicable Charities IAc¢ounts and ReFort51 Regulatron8 and the provi8ion# of the bye laws. They are a180 responsible lor safeguarding the 8s$et6 ofthfr charity and taking rea¥rf* stops Iiy tha provent.on and detttlon of fraud and other I￿UlarItIes. Th• tru81888 are respM$ible for maintènance and int¢grlty of b)0 chartty and ftnanclal inforrnallon Induded on the charity's websrte in ac¢ordan¢o vllh 18gislatlon in ts United Klrtoaom goveming Ihe prep4ration and dissemination of fin8n¢iaf 8tatsments. Audltorn A r6601ulSon appc4nJng David M. Raes & A8sc¢wtes Umited to cany ¢xrt ￿ Indep￿dent oxamlnatlon of th8 ac¢ounls I￿11 b put lo the AnThAI Gemral M•¢tirvJ. Approv•d ty th• tntst•M on 6 Novemb•r 2025 and slgn•d on th￿1 b•half by: 12 Bayll8 M• Amyand Park Road Twkkenham Mlddlesèx TW13HQ S. Hammond Treuur•r G•ner•l S•cr•t•ry -20- li KIN Opinlon We hale aLxlted the fron(¥al statements MineralogiL* Scody United and lftlarKI for tr related notes to tho financiat statali￿$, Thsudvya s¥nifwrt accounts￿ pr4kaes. The financial reF¥Xting framewoth that IBS been applied n their a&¥&xble Urtsl ALr￿ntIng SlaThJards indudirwJ Finanaal ReFQrtmg Standard 102 Tho Finan0alRe￿I1¥U &athrl in the UK and Rel￿￿ Ireland (Unrted lfjngdom Gernralty 44£L*d F¥*Aice). In *JJr opulon Ihe frnKaal st*￿. gve a true and far view of the stae crfts (*wit￿S affairs a8 at 30 th 2025, of its WK>Jrning resources and apptkabm ofresom, incwe and experx*ure. forthe year then ended: been prepa￿ in acc￿ the rnquirements oftre CtrMrkknAct 2011. Basls for opinl¢)n W8 oJndutsJ aiKIrt In ar£xydarte Intemaknl Stwthrds on Audtthg (UK) (ISAS (UK)) aTrJ 4WicslS8 law. Our rB5pon$ibrl￿es urwjw ttK)se 81*￿d8 ae I￿ther in the Auditorf6 r8spons*)illies for the a￿rt crf Ihe )Inandal statements section of our report. *e ofthe tharlty In accordance vAih Ihe elhlcal requkements that are relevart to ow a￿111 crfthfr finandal *atements In thè UK, InckthJ Itkry FRC'S Ethical belw trbat Ihe audit evid8nce oL*alr*d is *KI apwc* to wovhdè a basis for ￿ Wnlon. C¢)nclu•ion• relaUng to golng ¢(YK•rn In aLKlibng the financial slatemerts, oxhsuded that the h*tee8' ux of the cwKem baals of aco)unting in the Wepar*i¢￿ ofts fir￿￿la1 18 aiy•. condrtirns that, irxlr¥idualty or ￿lleC(i¥ety, may cast dwtl cm the thartys abuty to cont#lLn a8 a golNJ t￿ rnsp0nsit￿lth and Ihe reBFons*xktrs of trus* to ajncwn arn d6sull*d In tl relevant Sections of this report. Other Infomiatlon The other inform*ion compises ihe IrrfmatlLn in lh8 tru9tees arrrtjal reFm ¢Xhw than finandal statsmen18 and Oura￿art0￿8 report thereon. The tnk8tees we rwnsibkn the other WI￿natIon contained vAthin the annual report. Our oplnkn cm fmancial statenwts ncl cthprtre cther infr￿lon and, ex￿pt to the r reS￿ns￿lI￿ is to ￿ad the otrtr I)f￿rn￿n arKI. rn d(Nng so. wtrthr Ihe IJ materialty irKXXBiStenl Yitth the financial &at￿￿rtS orixr ol*a'rttl in the course of tr* audit or otthi8e appears to be misstated. If%￿ Kkntify Slth material inC￿￿18t￿oeS or aF￿a￿ r￿ertaI misslatements, we are rttNllred to dthrynirE vtttttrwthis grves tse to a material misstatement in finan(ial slalements themsths. If, t*sed on tre wcyk ￿ have perf￿￿d. cuthI8 It￿re is a material MISStat￿ of Itus otlw wrfcYmati)n, are reqiired to f Vve have rthing to report wi Itth7 regard. Matters on whkh we are required to rep￿ by exwllon We have to repjrt in respect of ts fO￿￿1￿J matters n relati￿ to Ihe Chai*ie5 (Acc￿ts aTrY Rewrts) Regulations 2008 require us to repcxt to yw rf. in our OFynANL charty has not kept adequate aC￿Untr￿ rec4Kds' c the financ4al stateff￿n￿ &e not in wen￿rt V•*h the XCOLytrw reoxds retLrnS: or -21- R8sponsiblllli•8 of trugt•qs As explained more fijlty in trustees, res￿S￿l￿￿ES statement set (xrt on page 19, Ihe tsu5tees are respor fortt* Wep¥ati￿ crfthe f¥wwl statern￿ *¥Y ts ￿Ing satsfEd that ￿Y give a and f*'rv￿v1, aKI for SLth unting Unl￿ ts Irustees either irte￿I lo I￿u￿1* orto c*ase OFwaKTh, or have no realbtic alternatr￿ Ixrt to do so. Au(hlof* r8spon8lbllllles forthg audlt of ts flnanclal statwnents We have treen apw'ntwj as a￿l￿or under se(*on 144 ofthe Char#Es Ac* 2011 ￿ reFXYt n acoxlance with ttr material misstatemen( due to fraud orwrLY, to aKlttc¢s reFort tW irKaJth our opirmon. Reason*j￿ assuran￿ is a hlgh thl of assurartt, is not a guarantee thai ￿ autht ojnductsd in ac￿r￿ar with ISA8 (UIQ will ah¥ays detsct a materid M￿S&ten￿ when it exists. Misstat￿￿ can aiise fttjm fraud or err￿ and corotdered materiat rf, or in awegaè, tw coukj r8aSOna￿ be eX￿ted to inffuerK* I￿egul￿￿ InCK￿ng tra￿, are knstan￿ of ThxFcA)M￿i8n￿ wilh kn arwj regulali(XK8. We desun Fxocedures Ilne with ow reSKtrsi￿'IrtI88, Out1r￿ lo deted mthiaf mis&atakn rn resr*d of Irregularit￿8, Indudlr 8ec8us• of ￿ inherent limilat1￿￿ of an 8udiL Itwa IA a that rd d*1 all kregul¥iti'es. IndtKltr¥ th(tse le¥Jing to 8 Mat￿[21 misslat&r*nt in Ihe finan(aal statements CK n(Tr￿n￿lance ￿ryth regutats'on. This risk increases the ffKxe that rJ)mkliarts a law or regLdation Is ren￿d tr￿) events and trartsaclitxts relIe￿ed in the finawal 8talements, as we will be to b￿Ome ￿Ere of of nonwcum￿ian￿?. The ri8k ig also greater regarding irregularities ¢xcuniNJ thje to fraL*J ratherthan error. a8 invohw Intèitwl conoalmert forgery. ccllLtsM)n, c¥nissim ￿ ftNryeSerrt*1c￿. A further de8critsn of (￿r reSpOn￿￿71￿e6 18 avaitabk on the FRQS .ukJaLKlttorslaudit audrtor au ft-of-th . de6w.on forn￿ part of audrtoffs rewrt 'mYig of the audit and spJnrf#xnt auoll ir￿U￿rya any S￿ri1fir2rt defic*ncies in intml control that v dUri￿j U88 of our report TtrN6 report is made 5018ly to trL*es. as a body, in ￿ryth P*1 4 oftho Charitw IA¢c¥JJnts and Reports) RegU￿lOnS 2008. LXK a￿11 has k*en urM4ertaken so that we MIW state to the L*wity'6 tr￿tee5 those matters are required to state lo It￿M wi an a￿It0rfS rppKYt and for no other purpose. To the fijllest extént pemirtted by IWJ. ￿ (S) ac£w or assume resFxxtsits'Ity to anyone ot￿than the (*arity and t Sh8ran C. Rees FCA LLcorrAGE CUCUMBER LME ESSENrK•J HERTFORDSHIRE AL9 6JB . L DAVID M. REES & ASSOCIATES LIMITED Q4TED I S DAVID M. REES & ASs(￿rATEs LIMrrED 15 *ble to aL* as n tern￿ of Section 1212 of the comp￿￿$ Acl 2Q -22- MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND RESTRICTED FUNDS STATEMENT OF FINANCIAL AcTrvmES FOR THE YEAR ENDED 30 JUNE 2025 2025 Willy Aspinall Prlzo Su8ta•nlng Notss Membershlp Total 2024 Income Donations Investment Income Incomo from Charltsble A￿1VItIeS Support by General Fund TOTAL Income 1.567 672 1,567 997 1,587 1,150 325 4,840 2,691 5.428 7.079 325 Expondlture Exp•ndlture on Charltablo Actlvltles Student Membership Awards TOTAL Expenditure 4,997 -4,997 -2,850 400 -3,250 4,997 4,997 Net Income and Net Movement in Fund8 for the Year 2,082 325 2,407 2,178 Sustalnlng momb8rshlp fund This fund was formally established on 1 January 2010. The money is ring-fenced wlh 900h inv8sled 80 that the fund can grow and eventually become self-SU$taining. The other 10% is used to subsidise the free 81udent member5hip8 and bursaries. Wllly Asplnall Prtze Fund The Volcanic and Magmatic Sludi88 Wilty Aspinall Prize is a restricled fijnd establishgd on 8 May 2017 to make an annual award for an outstanding paper in applied volcanology published within three years of the author being awarded a PhD. CONSOLIDATED STATEMENf OF FINANCIAL ACTIVITIES 2025 RMtrlcl•d Notos Unre•trlcted Funds Total Fund• Fund• 2024 Total Income Total Expenditure Nel expenditur• and Net Movement in Funds before Gains and Losses on Investrnents Surplus on property revaluation Net Gains (Deficit) on Investments Net Movement in Funds Total Funds 1 July 2024 Total Funds 30 June 2025 483.971 447,331 36,640 491,375 452,328 39,047 302,264 -341,248 -38,984 4,997 2,407 30,000 78,913 69,929 1,406,210 1.476,139 19.226 55,866 1.443.432 1,499,298 19,226 58,273 1,476,139 1,534,412 2,407 32.707 35,114 The statements of Financial Activities indude all gains and deficits recognised in the year. All incoming resources and resour¢e8 expended derive from continuing activtties. The notes on pages 26 to 32 form part of these financial ststements -23- MINERALOGICAL SOCIEfY OF ThE UNITED KINGDOM AND IRELAND UNRESTRICTED FUNDS STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 JUNE 2025 Income Note8 2025 2024 Donations and Legacies Investment Income Income from Charltable Activities MernL*rs' Subscripts'ons Gift AKI Conference and Meetings Income Cambridge University Press MM & CM Cambridge University P￿sS GeoThBio Interfaces Publications Income Special Inter6st Group8 Income (Page 24) Less.. Allocation from Mineralogical Soc TOTAL Income 2,250 23,429 2,250 24,498 29,822 440 205,278 28,745 389 171,413 34.003 140,104 10,675 205,416 15,239 150,779 24,551 18.097 -16.OlXI 81,624 -16,000 2,097 483,971 65,624 296,836 Expandi￿1• Contribution to Sustaining Membership Fund Expendlture on Charitsblo A¢tlvltlès Subscriptions Joumal8 Expendf(ure Elements Conference and Meetings Expenditure Mineralogical Society Medals DiBtingui8hed Lecturer8 Website and Future of the Society Joumal Editorial Costs MM & CM Journal Editorial Costs GeoThBio Interface$ Publications Expenditure - Net Travel 8ur6aries Special Interest Groups Expenditure {Page 24) Less.. Transactions with Mineralogical Soc Office Expenses Support Costs Depreciation Miscellaneous expenditure TOTAL Expendtture 4,840 2,691 1,187 457 6,283 179,877 70 3.505 8,737 880 1,007 41,689 17.756 39,691 14,594 59,445 6,941 2,510 54.285 -3,768 4,107 24,074 -765 89.229 23,309 104,883 52,340 252 1.909 447,331 87,183 124,272 57,533 614 337,998 The notes on pa9&s 26 to 32 fom) part of these financial statements In n Thl In LO Of¥ ff)fOn (N o) (N JO)OO>iopOO 000 ¢J) v C Jrj In r ¢y }Ill fo (D ¢D Ir> 141 0 ooo -25- MINERALOGICAL SOCIEfY OF THE UNITED KINGDOM AND IREJAND BALANCE SHEET AT 30 JUNE 2025 Notes 2025 2024 FIXED ASSETS Tangible Assets Investments 375.061 881,048 1,256,109 375,223 934,719 1,309,942 Total Fixed Assets CURRENT ASSETS Debtors 10 112,738 466.583 579.321 49,241 370,180 419,421 Cash at Bank and in Hand Total Current Assets 11 LIABILITIES Credrtor8'. Amounts FallirvJ Due Within One Year Total A88ets Lesi Current Liabilities NET ASSETS 12 -301,018 -253,224 278.303 1,534,412 166,197 1,476,139 The Fund8 of th8 Charrty.. Unrestricted Income Funds Re8tricted Income Funds - Sustaining Membership Fund Willy Aspinall Prize Fund 1,499,298 1,443,432 23,019 12,095 20,937 11,770 35,114 1,534,412 TOTAL CHARITY FUNDS 32,707 1,476,139 Signed on behalf of the Trustees S. SHAW PRESIDENT Approved by the Tnjstees on the 6 November 2025 Charty Number 233706 The noles on page5 26 to 32 frjrm part of these financial statements MINERALOGICAL SOCIETY OF ThE UNITED KING(X)M AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2025 ACCOUNTING POLICIES Basis of preparation and assessment of golng concern The Mineralogical Socaety c¢￿stItuteS a putAic ￿nefit entity as defined by FRS 102. The financial statements have been prepared under historical cost convention with items recognised at cost or transadion value unless othepmse stated in the relevant notes to these accounts to include certain items at fair value. The finanaal statements have been prepa￿d in accordance with the second edition of the Charities Statement of Recommended Practice issued in Odober 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charrties Act 2011. The financial statements a￿ prepared on a going COn￿M basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in Steding which is the functional currency of the Charty. The trustees consider that there a￿ no matenal uncertainties about the Mineralogical Society's ability to continue as a going con¢em. The most significant areas of uncertainty that affect the eArrying value of assets held by the Mineralogical Society are the level of investment retum and the performance of investment markets. The significant accounting policies applied in the preparation of these financial statements are set out below. Funds Structurn Unrestrlcted funds are available for use at the discretion of tha trustees in furtherance of the general objectives of the Charity and ¥thi¢h have not been designated for other purposes. Rostrlctsd funds are funds which are to be used in accordanc* ¥Mth specific restriclions imposed by donor8 or vthich have been raised by the Charity for particular purposes. The aim and u8e of each restricted fund is set out on the statement of finanaal aci[vit￿8. In¢omo r•cognitlon Voluntary Income - Donations are accounted for when received. Legacies are accounted for on entitlement. Investment Income - Income from investments is accounted for on a receNable basis. Mombers, Subscrlpllons 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 Jun6 2025 the Society had a net reduction of 126 members. At the 30 June 2025 there were 672 Members being 18 Honorary Lrfe Fellows, 15 Honorary Fellows, 60 Life Members. 566 Fellow3 and Members and 13 Emeritus Members. These figures do not include 261 Student Members who are receiving tree membership of the SOGiety for three years. Conferen¢• and m•etlng8 income - Income from conferen￿6 and meelings are accounted for when the meeting has been hekl. Cambrldg• University Press - Income from Cambridge University Press 18 accounted for on a prepayment basi8 as the guaranteed amount is received in advan¢e for the Galendar year. Publications Income - Income from publications a￿ accounted for on a recervable basis. -27- MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEAIENTS AT 30 JUNE 2025 Expenditur• recognition Liabilities are recognised as expenditure as %)on as there is a legal or constructive obligation committing the Charity to that expendiiure, it is probable that settiement will be required and the amount of the obligation can be measured reliably. Any expected loss from a future conference or meeting is provided for as a liability. All expenditure is accounted for on an accruals basis. All expenses including support cost and governance cost are allocated or apportioned to the applicable expenditure headings. Allocatlon of support and governance costs Govemance costs comprise all costs Invo￿1ng the public accountability of the charity and its compliance with regulatson and good practice. These costs indude costs related to statutory audrt and18gal fees together with an apportionmenl of overhead and support costs as analysed in notes 6 and 7. Foralgn currnnclos Monetary assets and liabilrties in foreign ojrrencies are translated into 8terling at the rates of exchange ruling at the balance sheel date. Transactions in fO￿￿n currencies are translated into 8terling at the rate of exchange ruling at the date of the transaction. Exchange drfferences are taken into account in arrlving at the increase or decrease in funds. Tanglblo Flx•d A88ets ft>r use by tho Charlty and Deprnclallon Tangible f￿ed assets are stated at cost less accumulated depreciation other than freehold land and buildings which are stated at valuation. Depreciation is provided on tangible fixed assets at rate8 calculated to wrtte off the cost, less the estimated r8sidual value of ea¢h asset over its e8timated1rf8 Using the Stra￿ht line method at annual rates as follow8.'. Offica Fumitur8 and Equipment 25%. Computers 33.33%. The Charity has adopted a revaluation policy in respect of the freehold land and buildings that will be revalued every five years. The fair value of land and buildings 18 detemiined from market based evidence by appraisal undertaken by a professionally qualrfied valuer. Revaluation gains and losse8 are recognised in the Statement of Financial Activities. Stock There are stocks of publication$, being surplus copies printed bul not sold in the year. No value ha8 been placed on stock8 of the3e publications in these financial statements. Flx•d asset InV￿lments Inve8tm8nts are a form of basic financral instrument and are initially recognised at their transaction valu8 and subsequently measured at their fair value as at the balance sheet date using the dosing quoted market pri￿. The statement of financial aclivth'es includes the net gains and losses arising on revaluation and disposals throughout the year. The Trust does not acquire put opts'ons. derivatives or other cotnplex finanaal instruments. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to vrider economic condrtions, the attitude of investors to investment risk, and changes in sentiment conceming equities and wrthin particular sectors or Sub sectors. Realised galn8 and losses All gains and losses are taken to the Statement of Financial Activit￿ as tsy arise. Realised gains and losses on investments are calculated as the differen￿ between sales proceeds and their opening carying value or their purchase valJe rf acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the drfFerence between the fair value at the year erKI and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Finanaal Activities. -28- MINERALOGICAL SOCIEfY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2025 k. Penslon Costs Contributions in respect of the Charty's defined contribution schemes are charg8d to the statement of financial activits'es for Ihe year in V•*)ich they are payable to the pen8ion schemes. a. Audltor8 rem￿nera￿on The auditorfs remuneration constituted an audit fee of £8,360 (2024 - £8,360) and additional advisory work and accountancy of £4,797 (2n24- £4.641). 2. b. Analysls of staff costs Remuneration National Insurance Lrfe Assurance Pension Costs TOTAL 2025 2024 183,640 3.695 1.393 7.239 195,967 177,097 2,709 1,262 7,169 188,237 The average monthly headcount was 12 staff (2024 - 11) and the average monthly number of full-time equivalent employees {including part time staffj during the year was as follow8:. Publishing Office Staff Total 2026 2024 One employee had employee beneffts that fell within th& barKI £70.000 - £79,999 (2024 £70,000- £79,999 One). All employee time is invoived in providing either support to the govemance of the charity or support seniices to the charitable activitre5. 2025 2025 c. Key management compensatlon 2024 2024 Exe￿live Director Finance and Operations Manager Salary Pension 73.S36 55,923 Salary 75,366 54,488 Pension 4,800 4,800 In addition to the above, national insurance conlributions totalled £1398 (2024 - £696) 3. ALLOCATIONS TO GROUPS by General Fund An allocation is made to eight speaal interest group$ of £16,LKX) for the year {2024 - £16,000). 4. VOLUNTARY INCOME - t)onations Sustaining Membership Restrided Fund General Fund - Geological Society Special Interest Groups Geochemistry Group Metamorphic Studies Group Page 2026 2024 1,567 2.250 1,587 2.250 23 24 8,400 1,000 9,400 -29- MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2025 INVESTMENT INCOME Dividends and Interesl Unrestricted Funds Restrided Funds IndivKlual Group8 2025 2024 23.429 997 2,097 26.523 24,498 1,150 2,073 27,721 Interest on Cash Deposts On Listed Inv8strnents 4,092 22.431 26,523 4,247 23,474 27,721 OFFICE EXPENSES Th8 breakdown of Offi￿ Costs and how these are allocated between Governanck and Charitable ActiVrt￿S is 8hown below'.- 2025 2024 Office Staff Remuneration Reimbursement of staff expenses 138,842 -19,797 4,413 136,612 EMC 2024 EMU 21 MDSG -3,323 133,289 114,632 Office Staff Expenses Rent. Rates and House Expenses Printing, Slalionery, Maintenance of Office Machines Instjrance Postage, Telephone and Computer Bank and Credit Card Charges Miscellaneous Expenses induding office assistance 318 5,149 876 1,687 11,039 3,720 557 23,346 137,978 6,074 1,183 2,036 16,778 4,042 114 30,227 163,516 Allocation a• follows:. 2025 2024 2025 2024 Charitable Activities Governance and Support Costs (Note 7) 78 24 24 100 100 Allocation is calculated on the basis of staff time, cost and office usage. 104,863 33,115 137,978 124.272 39,244 163,516 SUPPORT COSTS Governan￿ and Support Costs Office Expenses 24% (2024 - 24%) (see note 6) Business Meetings Expenses (Travel) Website development Investment Charges Auditorfs Remuneration Total Allocated 2025 2024 33,115 1.709 39,244 579 260 4,449 13,001 57,533 4,359 13,157 52,340 MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2025 TANGIBLE FIXED ASSETS for use by the Charity Computers Office and Page Equipmftnt Freehold Land and Buffildings Cost or Valuatlons 1 July 2024 Addition 30 June 2025 Total 19,446 375,IX)O 394,446 90 394,536 19,536 375,000 Depreciation 1 July 2024 Charge for Year 30 June 2025 19.223 252 19.475 19,223 252 19,475 Net Book Value 30 June 2025 30 June 2024 25 61 223 375,000 375,000 375,061 375,223 The freehold land and building8 were valued on the 19 June 2024 by Michael P Martin of Milestone Commercial Agency Ltd, at an open market value at £375.C(JO. Open market value is considered to represent the fair value. The onginal cost of the freehold land and buikling8 acquired on 24 November 2006 was £358,978. FIXED ASSET INVESTMENTS Movement in Fixed Asset Listed Investments Market value brought forward at 1 July 2024 Add: Addrtions to Investment8 at Cost Cash Retained (Reinvested) Disposals at Carrying Value - of which £90,OCQ was withdrawn Less.. Net Gains (Losses) on Sales and Net Gains (Losses) on Revaluations Market Value at 30 June 2025 Page 2025 2024 934,719 211,960 36,580 -321,437 837,541 218,009 -24,990 -174,754 19.226 25 881,048 78,913 934.719 Investments at fair value Comprised: U.K. Inveslment8 UK Equities UK Bonds Multi Asset Funds Propety Others Cash Intemational Equities Investrnents Non UK Bonds TOTAL Orlglnal Origlnal Cost Cost 2024 2025 Falr Value 2025 Fair Value 2024 91.741 58,840 111,235 119,749 9.130 67,306 67.306 78,916 78,944 -300 36,601 396.477 361,832 64.186 39,702 818,691 762.974 79.272 128.303 107,803 117,176 12,986 62,980 72,485 -3C(I 499,990 61,600 934,719 63.981 80,023 36,601 453,219 39,649 881.048 31 MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2025 FIXED ASSET INVESTMENTS continued All investments are carried at their fair value. Investments in equities and fixed interest securities are all traded in quoted public markets, primarity the London Stock Exchange. Th8 basis of fair value for quot8d investments is equivalerrt to the market value. using the bKI price. Asset sales and purchases are ￿COgnised at the date of trade at cost (that is their transaction value). 10. DEBTORS 2025 2024 Other Debtors and Prepayments Publications Conferences h m Revenue & Custom8 VAT 10,856 88,642 12,606 634 112,738 11,093 10,000 28,148 49,241 11. CASH AT BANK AND IN HAND 2025 2024 Applied Mineralogy Group Clay Minerals Group Environrnental Mineralogy Group Geochemistry Group Geomicrobiology Nehvork Metamorphic st￿lies Group Mineral Physics Group Volcanic & Magmatic Studies Group 15,250 37,306 6,101 15.857 17,029 15,433 10,507 28,636 146,119 26.119 120,0(YJ 146,119 21.609 12,096 33,705 59.166 5,000 222,593 286,759 466,583 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 38.158 5,000 143,649 186,805 370,180 Group Monies on Resen￿ Account Deposrt Account Sustaining Members Willy Aspinal Reserve Account Reserve Account Mineralogical Society Current A¢￿Unt Reserve A¢count Euro Current Account Total Cash at Bank 12. CREDITORS AMOUNTS FALLING DUE WITHIN ONE YE4R Publications Cambridge Universty Press DHZIII EMU 21 Conferences HM Revenue & Customs VAT Other Creditors Accruals 2025 2024 64,736 1,121 62,037 1,590 217,595 168,383 4.920 3,294 13,000 253,224 1.066 13,000 301,018 -32- MINERALOGICAL SOCIETY OF THE UNITED KINGDOM AND IRELAND NOTES TO THE FINANCIAL STATEMENTS AT 30 JUNE 2025 13. TAXATION The Mineralogical Society is a re9iStered charty and is not subject to tsxation on any ex￿89 of Income over expendtture. 14. COMMITMENTS a) Pension Commltments Th8 Society operates a defined contribution pension scheme on behalf of its em ￿0Ye&S. The Society also operates a defined contribution Automatic Enrolment pension scheme on behalf of the employees. The assets of the schemes a￿ held separately from those of the Society in independently administered funds. The annual pension commitment under these schemes are for Gontributions of 2 x the employees gross contribution, up to a maximum Society contribution of 10%, etth8r to a defined corrtribution pension scheme or to an automatic enrolment pension scheme. b) Other Flnanclal Commllmeiits The Society is committed to support conferences, pay travel costs for mineralogists in future year8 and produce publications. The anticipated annual cost of this commitment is £53,000 (2024 - £58,000). The Society had no caprtal commitments on 30 June 2025 (2024 - Nil). 15. REMUNERATION AND EXPENSES PAID TO TRLISTEES 2025 Editorial exp8n8es indude remuneration paid to Trustees of... 2024 G.E. Chrislidis H. Dong A. Engel J. Lloyd S. Mi118 R.H. Mitchell L. Shi 4.000 Chun-Hui Zhou 2,000 4,01)O 4,000 In addition £2487 (2024 - £839) is reimbursed to eight (2024 - three) trustees for editorial travelling and accommodation expenses. 16. REL4TED PARTY TRANSACTIONS No trust8e had any personal interest in any contract or transaction entered into by the charity in the year. 17. PRIOR YEAR COMPARATIVE FIGURES FOR THE FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES 2024 Unr•strlcted R6strl¢ied Funds Funds 4,000 2.000 4,000 4,000 4,000 2,000 2,000 3,577 3,979 4,000 Total Fund8 Total Income Total Expenditure Net expenditure and Net Movement in Funds before Gains and Losses on Investments Surplus on property revaluation 30,000 Net (Deficit) Gains on Investments 30.000 78,913 Net Movement in Funds 78,913 67.751 Total Funds 1 July 2023 2.178 69,929 1,375.681 Total Funds 30 June 2024 30,529 1,406,210 1,443,432 32.707 1.476,139 Th8 Statements of Financial Activtties include all gains and deficits recognised in the year. All incoming resources and resources experKled derive from continuing activities. 296,836 -337.998 41,162 5,428 -3,250 2,178 302,264 -341,248 -38,984