eG Cbarity Number 284131 THE BRITJSH GEOTECIINICAL ASSOCIATION Annual Report and Financial Statements for the year ended 31 December 2023 Contents Aniw81 R¢port 10 I￿4¢pendellt ExamiD¢es Report Ststement of financial a￿1VitieS 12 Balan¢¢ Sheet 13 - 17 Not¢5 to the firtaTKial statern￿ts THE BRITISH GEOTECHNICAL ASSOCIATION @G TN$t88s' Annual Report for the year endgd 31 Decembgr 2023 1.W￿.AL AND ADMINISTRATIVF. JThFORMATION The British Geotectmical SDciety WBS formed in T949 as ￿ unIncoT￿Tatea asg0¢i#tton. Vl became a yegislered ¢harity by siaiutes othpied Detember 1981 amended in January 1997. 11 k¢arn¢ th¢ Briti$h G¢oie¢hni¢al AssoLialK)n by stalute8 adiTrpt¢d in Junr 20(K) amended in June 21K)5, June 2011 BTrdJU￿ 2017. The charity numt¢r is 284131. Tht thirity trnste<$ 8ervtd during th¢ yur were: ProfD Toll, Chair Ito 21 June 2023) Dr A Ridley. Vitt ehair (to 21 June 20231 Dr A Ridley.Cbair{fn)m 21 June 20231 M5 C Doulala.Rigbv, Vice Chair (from 2) J￿e 20231 MT C Barker (to 2t Julle 2023} Ms S Maykvukaj (to 21 June 2023} MT D D&skal(yiulos Dr G Katsigitsnnis Eur Ing Dr S Thomas Dr K JJrigg5 Dr K'l'siamtK>USi Prof G Viwani Dr P F¢rr¢ira{from 21 June 20231 M5 Z MaTrTommati {froJn 21 June 20231 Dr H Ycow (from 21 June 2023) PTofK Hi88ift4 Immediate Pgsi Chair. ex o(fi¢io (to 21 June 20231 Prof K Higgins (from 21 June 2U231 PT()t"D Toll. lrnmedi8t¢ P&LSt Chair- ex officio {from 21 Junc 2023., Ms E Rilej IECGI lkn 21 June 20231 Mr G Evans IECfjI Iw 21 JuDe 20231 Dr C Wong IECCI Ifrorn 21 June 20231 Dr P Shukla IfcG) Ifrom 21 June 20231 MrJ D&vi4 (IGGS) Dr T IÈ (Rankine Lecture) Dr J Lafft￿¢e (ISRMI Mr P Perry IBTSI Eur In8N Smith (UK RofjEP, 1SSMfjE} Mr l E.indfrATlaS (IMMM)1￿ 21 June 2023) Tht mtthod of xppointmtlt or tleetion of trv5¢¢u •*d ¢h¢ D•TTh¢ of body or P¢TSOn ¢Dti¢l¢d ts n•]uin•¢¢ or appoint ON¢ or mort Ir￿stee$ 1$ Is folluws: TheTrusteesof the Biytish Geoiechnic&l Association are the tnemFKrs of its committee. The committee tornprises: Chairman Vice£bal￿an 2 RepTes¢ntativ¢5 of th¢ Instiiution of Civil Ellgineers 9 Eicctcd ME]nbEtS l R¢pr¢scntativ¢ of th¢ fjcoio8i¢al S(Kiety of (Geol Soc) l Represcnt&tiYe of thc Instiluic of Matcrials, Minerals aod Mijjing IIMMID l RepTesenl*tive of the British Tu￿￿ell￿]& S￿l¢ty {BTSI l R¢pr¢s¢nlaiiv¢ vf th¢ Intetnational SfKicty for Rock Mechanics IISRM) Co-optrd membe Th¢ Chair￿an Vice Chairnian of the ASFA)c1￿j0n shall ￿t]ethd by members of the cotnmittee. Only mcrnbcr5 of the Assooiation sh&ll k m¢mb¢rs orth¢ Committe¢.'11Jis r¢quir¢ment may be wwv¢d if th¢ Committe¢ agrees. Th¢ m¢M￿￿ lo k cl¢cied by balioi Shall be nomiLthd bj. t￿t less than three rllembers of the As%Kialion. Honorary 0￿)cErS shall nol b¢ ¢niitl¢d 10 voi¢ at Committ¢¢ Meeiing Detsils 0fmem￿r￿￿Ip ¢la55e& Are under Asso¢iation Orwisgtiorl. Pagc 2 THE BRITISH GEOTECHNICAL ASSOCIATION SG Tru$teos' Annual Report for th• year ended 31 December 2023 LEGAL AND ADMINISTRATIVE INFORMATION The principal office of the chariry is.. One Greai George Streei Westminster London SWIP 3AA Nwn¢s and addresses of Oth￿ relevant OTganisations'. Bankers CAF BANK Limited PO Box 289 West Malling Kent ME19 4TA Sollcltors Soli¢itOJB are appointe4J frorn tim¢ lo time as the need arise5. Independent examiD¢r Jonathan He￿eY FCA Lindeycr Frall¢i5 Ferguson Ltd Chartered Accountants North House 198 High Street Tonbridge, Kent TN9 IBE Investment Advisers Coutts & Co 440 Strand London WC2R OQS Page 3 THE BRITISH GEOTECHNICAL ASSOCIATION SG Trustees. Annual Report for the year ended 31 December 2023 OBJECTIVES POLICIES AND ORGATrilSATION Inwe5tmeDt Policy hlanagernent of investments is d¢l¢gat¢d by ihe Committee to Coutts & Co. The fund is mattaged with an emphasis ¢)n lollg tenn capilal growth lei8ht years or longer) and a mod¢r*e to high approach io risk. Reserves Polley The truslecs consider it prudent to keep unr¢5tri¢t¢d r¢serv¢s st levels which ensure there are sufficient funds to meet the nttds of current and future activities. The activities of the Ass(Kiatiot) ar¢ largely regular and PTedictabl¢ in the medium to long term. Reserves can therefore be relied on to act &8 contingency in the event of in¢ome flows being disrupted. Reseryes have increased this year due to the removal of Covid r¢$trictions. Conirdry to expecijlions, the G¢o-R¢sili¢n¢¢ 2023 conference incorn¢ Exceed￿ expenditure. resulting in an incr¢ase in th¢ reserves. Our unrestricted free r¢s¢rY¢s amounted to £549,896 {2022 - £543,756). To reduce the reserves. the A550ciation have irnplemented ￿rther initiatives that Supp￿ its objectives. These iniiiativ¢s have been implemented already or will become active in 2024. Such initiatives include free membership for students, intTodu¢ing a Research & Development Fund io SLlPPOrt developments in the indu5ty, cr¢atjn8 a Publicity Campaign to incrc&qe engage￿￿t in the geotcchnicai enginttring sector ond h05ting sp￿]81 event5 for Geotechnolo8lSts. Charity objettiv¢8 Th¢ objects of the Association are the advancement of public education in the subjects of soil attd rock rn¢chanics and engineering geology and in th¢ir 8ppli¢aiion to ¢ngin¢erin S￿MM￿ry of poll¢les adopted io fvrther the obJtet$ ofthe Ilssoelatlon al To hold regular meetin8s for dis¢ussion of subj¢¢ts lying within the above fields. b) To arrange for th¢ holding of F¢fi¢Mlical and regional ¢onf¢r¢nces, symposia and seminars. cl To co-operate in the activities of Iniernational So¢ieti¢s of which the British Geotecl)nic81 Association is a member and with sueh b(xlics &$ may be appropriate. dl Generally promote training courses and seminaT5 in the fjrld of g¢itrGhnology. el To do lawful thing5 a5 shall fi]rther the above thj¢¢ty. There ar¢ no Changes irt the Association's objects frotn the previous year. Assotl4tlon OrganiMtiott- Committee The affairs of the A￿o¢latiOn are managed by the Committee. M¢mb¢rship Tndividual membership shall be open to those professionalty engaged or otherw'LSe actively interested in work lying within th¢ swp¢ of thc AsscKialion, upx)n payTnent of the appTopriate cntraThGC fcc and annual subscription. Corporate mernber5hip shall be open lo all OWdnisation¥ or part5 of organisatiot)s, engaged or otherwise aetively interested in any aspect of g￿techniCal engin¢erin8. Subscriptions may only be miK4ified wiib the approval of the ADthual GeneTa] Meeting or a Spccial General Meeting. Page 4 THE BRITISH GEOTECHNICAL ASSOCIATION SG Trustees, Annual Report for the year gnded 31 Decomb8r 2023 OWECTIVES, POLICIES AND ORGANISA TION Sponsorship I'he following three bodies shall be a$S￿lated in the sponsorship of the Association. a) The InstitutlOD of Civil Engineers b) The Institute of Materials, Minerals and Mining c) The Geological Society of London Page 5 THE BRITISH GEOTECHNICAL ASSOCIATION SG Truste8s' Annual Report for the year ended 31 D•¢•mber 2023 REVIEW OF DEVELOPMENTS AND ACHIEVEMENTS DURJNG THE YEAR I COMMITTEE STRucfuRE AND AcfiviTIES At the start of 2023 Professor David Toll was the BGA Chair. Dr Andrew Ridley took ov¢r the role ofchair of the Association in June 2023 and Mrs Yuli Doulala-Rigby was appointed as Vice-Ch#ir. Boih t(K)k on their respective roles for a 2-year lerm. We thank Professor Toll for his leadetship since 2021 and for agre¢ing to remain on the Executive Committee as Immediate Past Chair. Mrs Yv￿ne Ainsworth Stepp￿ down a5 Honorary Treasurer and was replaced by MT Tony Bowern)an. We thank Yvonn¢ for her service and I'ony for hAs willingness io tske over the role. The other Honorary OtTicers remained in post. . MrNick Amistrong, Honowy Se¢rdary . Dr Martin Preene, Honorary Cornmunications Officer. These roles are key to the continuity and smooth nujning of the BGA. They ensure that the Ass(Kiation fulfils its obligations and that the Sta￿e5 are romplied with. Our thanks are also due to Nick and Martin for their hanl work and dedi￿tion to th¢ affairs of ¢h¢ ASS￿7811￿n. The ternis of otTice for Ms Stephanie Mat*vukaj and Mr Chri5 Barker camc to sn end in Jwje 2023. They wer¢ Yery active membety of the comminee and we thank them for their seryi¢¢. Dr. Pedro Ferreir4 Christina Mayrommati and Mr Hoe Chian Yeow were elected to the C(*nmittee by the membership and star￿d theirtenns of office in June 2023. We welcome them and thank them for voluTJteering. In addition Emily Riley and Gary Evans step￿d down as co-chairs of the Early Career Group and were replaced by Palak Shukla aAd Cacin Won8. The Executive Committtt is divided into a nurn￿ of sub4ommitteeg and the following people have l￿d particular responsibiliti¢s during 2023.. Trnong Le is a guest member of the commillee with responsibility for organising the Rankine lecture and $50ciated ¢v¢nts. . Dimitrios Daskalopoulos led the prize5 and Y4wards sub-¢ommitt¢e. . Georgi05 Katsigianni5 Co-ordinated organi5ing the evening rnegtings. Katerina Tsiampousi led th¢ gmup organising events for Young Professlonals which included the Cooling Prize. Mr Sergio Solera CO￿l￿Ue￿ as a guest member of the Committee to support the Cooling Prize activities. Palak Shukla and Dr. Cacin Wong repres¢nted the Early Career Gmp (ECG). Cacin took maternity leave during th¢ lerni and was replaced by Cheng Wei Kwang. . Dr. Stephen Thomas developed a programme of ¢v¢nts for G¢ot¢¢hnologi&ts. Dr. Kevin Briggs continued in the role of liaising with Regional Groups. Tony Bowennan continued as the BGA'S representative on the Ground Fonmi. Yuli Doulala.Rigby continued a5 the BGA'S r¢presentalive on the Grnund Engineering editorial panel. . In his role as BGA Treasurer Tony Bowernian assumed r¢sponsibility for administering the BGA Fund. In his role as Vice Chair Dr Andrew Ridley organised th¢ 2023 Annual Conference and w&$ assisted by Ms Kale Beardsley, Dimitri0￿ Daskalopoulos and Professor Guilia VigiaTLi. • Professor Kelvin Higgins assumed the role of ICE ￿preSentatiVe. Neil Smith ¢ontinued ￿ ISSMGE liaison and James l.awrence as ISRM liaison. John Davis represented the Engineering Group of the Geologi¢al So¢iety (EfjGS). • Paul PeThy represented the Brit15h Tunnelling s￿Iety (BTS). • Emilio Linde-Arios represented the Inslitute of Materials, Minerals and Mlning (IOM3). • Mr Dave Woods represented the Internalionai Geosynthetics Society (IGS). • Mr Adam Latim¢r represented the Association of Geotechnical and Geo-envirnonmentsl Specialists {AGS). . Ms Nia Kajastie represented Ground Engineering Magazine (GE). Page 6 THE BRITISH GEOTEcHN￿L ASSOCIATI¢)N eG Tnmteu. Annual RwvtfOr¢hey￿r*rtd￿ 31 D•cembw2QZJ HF.VIKIV OF I)F.vfLQPMENTSANDACHIEVEMEfiTSDIIRINf.IIiE YEAii 2 F+fE￿TNGS BGA evems h¢ld dumg 2023 the JohA Mitrhell Flenu￿ Awprd. th¢ Cooiin8 Piize, t tseotcchn1q￿ Ixduie. the cO￿¢[¢n￿￿￿nd fivctvenin8 met*ngs NIo5tVEllts ill2023 ￿tTe orga￿sed ￿ hybrid tvtnts oDowinB Thr eX￿￿10￿￿t01hls w¢tt Confernce4nd 1htAMu￿ LK¢urwDinn ID JHnw 2023 the Jokn MitthllLEcth w&sdEliv¥iEd by ProfessorMik"eWiiiier oli'R￿ 85%CLSOfiQ¢P)TKlllliC and ￿ltyrisk from thbris flow. 72 ￿0P]e It￿￿Edthe1C￿vfC 162 w8trh¢ditoniit*. A J￿nIM¢¢￿n@0t.rt￿ BIJA tht EnwMYnn8fjrovpofthE GeolOgc￿Suc￿tY IFtrTSI Wd at BwtlllSTon Huuse ir March 2(tt3 Th¢ tslk on tsE hL%￿n￿ of th¢ urwts of knd rn1cr0knolo8￿ pture5￿51￿ geLTrtrfljTm￿ enBineerinB" prestnted by PTof¢&wr Sltph&nJett¢ris ThE 6151 txitute WAS deliveTed by Proftssor Jokn CÈrterofUniv¢rsity of¥Ew¢&￿Ie in A￿#￿￿On'￿0￿5tIlUt1vC Modtllingin comp￿1￿)￿ fjwnethnics" Itw&s hE]d aS811 ifvpeiM)n eYentwithappmMmatc]> 800 4it¢TKkL&arxl wasdso Wdt¢hed worldwiok IyKw¢iv*ty 340wle The LecftweanddkR&nkilleThnlleTwertPrtld ￿T￿peTI￿ C0]k8t1nnd￿ 15 March 2023 A150 inMar¢h 2023 the 54thCodin8Prize CornF*lIl100 w85 hosied ￿, Ik w￿￿5 G]vund En8irK¢rit¥Ciroup ￿ pirtoltheGeottsilien Confe¢¢nc¢. Ibe Win￿ ￿ LhÈTmM1 Xu of INniversilv of C&Thkndgt wllh a pr¢seM*ion Dll Tr5W]hsc ol'fcrth-￿Qllr wolr%bon to ¢arth4￿C liqu￿a¢¢i0nf0rQff5hore w]nd aWKatsons'. TD Apri12023 ahyhrid EVClliDEnKdin¥on yies11icntci￿tthItt&" W1terM8nRge￿effj Strttewes ftsrConstrLwn~w95Ptexnted bj t stept￿n TknmAsofwi Limit¢d 12 [￿￿]cattcthJ thE IU9 wle 11 0￿1￿. In M3y 2(r23 & hybrid B¢A F.v¢nin8 Mcclin8on.St￿ty' thra8e 5yStEms4￿5 syst¢m&" by EttrArLJo￿5 of Grivilrieity 35 atte￿￿dIhE eyrrtta￿I 50 watC￿d it0￿1￿￿ The AQAItCI8 (UXI 1nvi1atiDn￿ Lcctutr "Innovéiion. Pro8rcss Gc05yDth¢tiu on 1182. prt5trtt¢d by Njck ofHS2 Linrited W￿￿tId al ICE IX(klL*I 2021. 31 Fwlealle￿ tkrvcnt Ow175 UDi ALfoillOEIDbErthtBGA an on-ljneonlyevenl Io IDt[od￿ Ihe (Je0￿ChnnIogIStsNEt￿￿￿ 26￿0p]e atttndE Ih Novtmbcr 2Tr23 4 h>tffld IIfjA Ev¢nin8 MèttiJlB on Tn5AR and Eamh Obs¢tvaiiOh T¢¢Fmiqu¢& for I￿￿1r￿￿¢￿tr - 8 new CIRIA Idebook" w85 pre5utsI by Dr Sktw Perdikou offj¢ofEtn & Dr phillr￿&￿I￿s0n of ItDPEtigl Colleb*Lolldon 27 pe￿? ar¢tthd tbr 169 ]wle %V&ic￿o iionli A]so in Novemkn 2023. Ihe GéoiechThque L¢w¢'*rinwn¥ Vc¥ctsi￿n-b￿J ￿￿ElD￿% into UeotethmC￿ ¢W￿￿nn8116￿￿ how do wprnakn It h4wnry- wes¢niNI ty Profegsot Al¢ss&thTLry4NiN ofih¢ UThivu51b orsirntklydll in scott￿ The 2Th1 01￿1￿ Qe(éechrNJlo¥i*sevent in N(fvember. li yvcj) by Mr c￿1$ Wdl•cc of Geol&bson'Thuw sirwh. li¥ wpk3ttendtd Th¢Trl¢rningAward hekl in t￿M￿tr 2021 il byRan)knn. %e£way ?. SSE. C[￿ Lirrikd. UWA.NOI.T¢rnpnEner8> LiThilE￿ Oxfotd Irmv¥iou Limiled and Univ¢rsiiy. While Ik j￿]81n¥ ￿en￿. PrurES￿][ DAVHI Rich&rOs of the UmiVWSity of 5othTnpton8avèAKtynoie L￿l￿tt￿n"¢On￿e[￿7s￿ its(kOteChDK￿ Design. Throu¥h 2023 the Ects (E4rfYCarr¢rG￿￿) WAS txtsrmcly ￿n￿l￿B￿s￿l.W￿￿)¢k￿Trj Lo￿10￿￿5 wd] ind winiersDcvII cvellts. Their flagship¢v¢nt P￿paring forlCE Chth¢RdProfeswon&l R¢vJ¢M" w> hEld ￿ tht ICEin Felw. InaddMiofftth¢yhtld >'WelwnWAnnurylNrlworkinB Ev¢N' at tr¢ ICLI InOctoi*rand 4 So)1 D¢¥uiptton L0¥¥inACou￿¢ 11 ATurf$ oifi(¥ In TTrw also up wor￿￿8 Gwups fnr nEutodtYUSity and 5U51pin&bility. Follow up1ogwng are pl￿nEd for2fr24 &sM￿ll￿4am￿l1l-P0ns¢￿lnIrsede$ontTr* r*w¢thTiOnofMWF.{ICEMan￿] ofoethxhni¢￿[jYDPEn￿g)￿fftdCPD <￿￿]￿bJ11tyA￿08eOIoBY ￿sed)Co￿￿E PRtZES AhDAWARlkS During2023 thE followiD8prize5weif8wwdeAJ". ThPBfjAMed￿ K Vinck,T LI￿Rj JOTdi￿. S KuNOt, R Ah￿￿￿￿Na8hthh. RMBuEklty.B W￿>[nE.J A L&wrtTK*,R AM¢Ad&m & F Schrartt forthe py"AdvamCtd In situ•NI lthjstorycl￿YKt￿ytjSa1wft ofihe Al.PACAGhalk t¢5r4tih sltt" Céo*thniquE 41*8d of PriT* PuWi8lxd om 11rt25Aprf 2022. . Tr BGA Cast Hi*oTi¢5 Awd M Chnmei M. Prttne foT their Oroundwthr loweri￿ rot ¢orL41nKiion of thE Ki15by TuMd~ puThping and Prtt¢ethTyofthe 1rnt1￿￿oTh ofcivil En￿1￿5 Hiswjnd HeriTsge. 174. 4, Irfy-129 l GrOW￿Wa￿ luwejjng fy COlL*tu¢tian ofth¢ KJisbyTuMel ge01ry￿1 arKI 8cthechNc91B5PeA Pr¢¢¢edings of1￿ i￿g￿l￿￿10D0r Ci141 fn8iws. P.￿￿￿1￿gHlst(￿ Il¢rilag¢, 174. 4. t3￿144. ThECodin¥ Priie" Dittrmid Xu ofUThvttyity Dfca￿l￿Id¥C for bis wort on'Rtswox ofr￿k.5cI>￿ to ¢&rtMuake I￿J￿￿l I￿Ver￿l￿n foi Offshorew￿d a￿1¢8110n5." . The Fiemin¥ Aw￿d Ramboll. Segw&y 7. SSE Gfc Lirnited, IJWA. NCJI. Tctlw FAKt¥y Limi￿. Oxford Uwvttsrty Inr*)V*iQn Lithi￿ 8nd DJnde¢ Univwwty foTthElI pr¢gent*tion'Cirnund suLtionC￿lsSoft SLw0N￿o￿1hDt￿ WiTMiFatm. NorthStJ.' *TrloknMitchdlAwaTd.' DrB￿pjlfjh0Sh(mOrtMa￿JmI￿) .ThBGA D￿%￿all0￿P[jyÈ ih])etteTaw Impeti￿ CollegeL￿￿On'. A$sessin8lifeexlensionsofA8tin8 Inf[￿lL￿t￿re 'ITr Y(TA WYS also plc8sedto HwaTO Sk*rnp￿n Med￿$￿ MrJ. MackeylNlcGee LinMlcdl4né Pmfesyoi A.S OBricn (Mutt Mxt)oneidl its 2023. Th¢ Sk¢mpton Medal Is aw4rdEd to a BfjA ￿mber WMI contnknlion to prn¢iitt ofgc0trth￿ engl￿grIng over&sUst￿¢￿pert0d oftime. Th¢ ￿11[ nonDpJlylwve rec¢ivedoth¢i coillrwabk [KO￿lf10￿ In Ihe Th¢ th￿du￿.$ sh)ul4 do¥ely 8￿Cl￿dI¥s1￿th0U¥￿Th)i r¢¢¢5sanly cattKdowin.tr¢UK. The BGA¢olltbiutd to honDur iiscomrnitrntht to 5upP¢rtir￿ f￿he[]nE￿ ofiTh¢ knowledge dU￿tIOn ofits mcmi￿r5 thTough th LIGA Fund Award. In Ib¢ BGA $¢1 ResEatch th.elopnKDt Fund 10 ITr￿1try araderni¢ inv¢5tigaiur-Ird zpplixl Je5eaWhai￿*￿at8cr*￿t1n8 tt¢w kwwbJg¢. wilblong-tstm￿￿CfjIf0 th?Unitsl Kin¥dom. THE BRITISH GEOTECHNICAL ASSOCIATION Trustees. Annual Report for the year ended 31 December 2023 G& REVIEW OF DEVELOPMENTS AND ACHIEVEMENTS DURING THE YEAR 4 COMMENTS In 2023 we continued to Monitor the artendances al meetings. post pandemic and it eontinues to be low for some events, particularly the regular monthly evening meetings, although the online presence is still strong and the BGA continues lo have a global reach. Adions taken for 2024 eveDts that include the introduction of a half- day mini symposium and &%king the winners of the BGA Medal and BGA C￿e Histories Award to pr¢s¢nt th¢ir work. This seems to have had a p)sitive efft¢t. We Continue to have good attendan¢es for our presiige events su¢h as the Rankine L¢¢ture: th¢ John Mitchell L¢cture, th¢ Fleming AW￿￿ the Annual Conference and the Géole¢hnique Lecture. The 3rd BGA biennial conference, Geo-Resilience 2023, was held in Cardiff, in March 2023. The ¢onf¢r¢n¢e attra¢ted 189 participants and 18 SponsOr￿hlb]l0T5. A important focu5 of th¢ ¢onferen¢e pr¢parntion was ¢n¢ouraging the yOUDger members of the profe55ion {early career profe55ionals and Students) to attend, by offering fre¢ sttLdent places and a significantly reduced r¢gistration rnt¢ for early ¢are¢r professionals. A presentation at the Annual Conference in June 2023 by Dr Stephen Thomas introduced the "BGA Geolechnologists Network." This is an iniuative started by past Chair Professor Kelvin Higgins. A geoiechnologist is a skille4 knowledgeable and practical individwdl. with experience working in ihe Ground Engineering Industy and is unlikely to be qllalified in the professional Sense, nor following a traditional route iowards qualificalion. The BGA wanLS to support this group ofpeople be￿use it recognises they h&ve a lot io contribute io the geotechnical community. li is doing this by organising seminars at times that are tonvenient for 8eotechnologi5ts to attend (e.8. lunch t1￿¢), on 5ujects tIMt will be of interent to thern, m05t probably of practical nature a￿d ideally giveTt by geotechnologists for geotechnologists. Meelings were OTgaHised in September and October, with fitrther events planned for 2024. The BGA was also pleased io welcome the President of the Iniemational Sociery of Soil Mechanics and Geotecknical ErLgin¢¢ring (ISSMfjE) Dr. Ballouz to our Annual Conference June. We tha]]k Marc for making time to address our TnembeT5. In Sept¢Tnb¢r 2023 the BGA held Tts first annual L¢¢ture and Dinner at The Institution of Civil Engineers. The l¢¢tllre "The historical underpi]thing of Winchester Cathedral- Eleroic or horrific?It WLS presented by Proft5sor John Burland of Imp¢rial Colleg¢. 186 F¢ople attended the ledur¢ and 91 people att¢nd¢d the dinner. At the close of 2023, the BGA had 1294 individual members, including 166 overseas memb¢r5 and 22 s￿dentlyOUng members. There were also 41 Corporate members. including l ovcrscas corpordle member. At the end of 2tr22 there were 977 individual member5 and 47 Corporate m¢rnbers, 50 the individual membership of the BOA increased very Signifi￿ntlY through 2023 with a slI￿t d¢￿rase in corporate rnernber5. W¢ continue to reco￿11S¢ the imponance of attracting new, younger members to the BGA and will ¢ontinue our efforts to engage, encourage and suppon the younger members of our profession. Dr Andrew Ridley (BGA Chgir} Pa8e 8 THE BRITISH GEOTECHNICAL ASSOCIATION Trustees, Annual Report for th• yeaT ended 31 Decembor 2023 G& IrJJpoi'l*thct ot'the ellorl$ of volullleer5 prov1s1o￿ ofJhYe fAellllkns 5¢1YIees 11?r Succ￿8 of Ilie Asso¢iaiion contlliU¢5 to entirely oti the ivorto ofvw mM]y p¢opJE those ivho havc s￿¢d on its comini11¢¢5 iVDrkinB Bfoup5. thos¢ hove spok£n lakcn part iii nkyiiju and those who Iiave hc1￿￿ JKany oiher I￿}5. Thc Briiish GrvtcEhnir￿ A5SQCi&tiThi ivould like (0 lake IhTS OPPDrtunily tv rcgisiix its Ipp￿(allIOn of Ilie etforf$ of*ll those ivho so ivillinEly lJeJrKd during the yw. Ilcyitiv Dr Ilic IransatlknmsAthd nn4ntlHI positlon ofiiie tliirity UnrEslri¢t£d fiinds Membe[Éhiy.%ub￿lplion5 indude sobstiipliD￿s to the piihlicglioth G[Dut￿ ￿￿￿in& The CDnllJuii¢econsilers Ihe restrvE5 lobe ndeoiiotcio m¢¢1 tts on-goins Bcliviliu. Surplws aT¢ placed on short IcnRdcposil. A defitii of£3.175 over exp￿idI1t1r¢ foi IhE ycRr lias dfLY¢&sed Ihe uijre8iricted fynd. )Yhith amounts lo £310.676 At the yetr ￿d. Th¥$¥Jmparts lo a d¢ficii in the unrtttrithd fipjdof £11949 ￿ 2022. DulBnaftd Funth- R*nklntVynd The fimd b41oJJce al Ihe yehr-md any)W￿$ 10 £235.491 DftBr invcstm¢nl gain of£23.484 to)Dparcd 10 a loss of £30,275 in 2022 8nd exttss of iiJcouK OV¢Tcxpendil￿reof£l 1.987. coinpared to 8k exctgy0fexp￿dItu￿ ovei incu￿or£31,1]O in 2W22. InvfslTh¢nt iiicomc i5 Vsed 10 tund IheRwJkinc Lt¢tur¢. D¢5tgnitr¢il Fonds- The HGA Fuii The balan¢e at the yeat-4)d to £3.729 after s%¥srdinE burs8riC5 to fNe recipietii¥. lotsllinB 4772 LTrtC￿SI reCei￿d of £1￿. ¢oJnp¥ttd tD£26 rcceiv¢d in 2022. The BGA furjd is intended lo aid 5111deThts 8nd ¢•rly rmr profusionals irt geo￿thnIC￿ *Jd pllKd subjtW InoTtwlly 35 y¢•Js of Z8¢1 in Iheii Ir4thiIi& devElopin¢iil experiertce Itncjuding fi]ndinE of t¢￿h1n& regethrth Ira￿1. e.& cOnfe￿r￿¢ &lkndaDtt. cxdiaii8e5 ivilh youjig graduties in other ttWlries}. It is alwj for tsL5illR thc unde18r￿ding the )pprC￿Qt[￿) ofgeotechnic5 by thc publi¢. ptsrticulirly pupil% al scthwls and ¢olleBcs (lo fiirther the inicr(si in ac￿e￿nI&s a5 a cwerr) 8Trd ott￿ t¢¢1*1¢￿IlSUvi1lrj professioibajs11o￿IcOUra￿e IhermpJDymmt OfeXpe￿ in geotedbnics on proic¢lsivlJuewr apixaprialtl. Degrtt of fii118n£5%1 DepEll(le￿CY A5 disCL￿ed above ihB Asso¢ia(ithiis deprndEllton thc volunly EtTortsofitsJMnbr RlskAJsessmitnt A risk ￿eSS1￿c￿l wtlkn regpeci lo Iht finanrcs Oft￿BGA has be¢n carried by IhE Finan¢tai and &neral Puq7r￿tt sub-cottimille¢. A Tr£isier OfT￿kS been estsbli$hed ivhich is Jrviuvcd at leasf al)￿￿1[y. Where appropTide, Emeas￿r£S liave been idt￿lfIEd ￿ )nitsg8te the risks Ihe rhwiiy faces. Oiynl59tlonal Conttxt 'IlJ¢ ASso¢i?li￿* Tole is the 4dV￿C¢j￿enl of public eduuiion in the Subje￿ ofsoil and rnck and E￿kn8y md in ir applitaliDll ty enEitwiD& M,hich is noi YOmEihing Ihjl call tjusi in isol*￿￿ Hnd are tmtty iinpor18Tr1 links iyith ott CDwnc¢riii8 discipliiics and sciEnco& AiihouEli loiHIty SEparaie froit) rfher or8HnK¥artony. Ihe As$oci*l￿ ser*s 10 CtrUPErale ui or rnn Eround Ivilh ¢ih¢r bodies, '17be Ann￿1 Reportottpy 2 lo l) wasfjpproved by Ihc LO[￿￿tte¢ on 4th Junc 2024 I￿$1&￿¢d on lis beh￿rbY.. Amdfthi. RidJey- Chair ofilJE ComiNtteB Page 9 THE BRITISH GEOTECHNICAL ASSOCIATION Trust•es' Annual Report for the year ended 31 December 2023 G& IndepeDdeDt Eiarninerfs Rwrt to the Trust¢fs of the British Geotech￿1¢11 knoeiatio I report to the Trustces on my examination of the accounts of the British Geoiechnical Association for the year ended 31 Decemb¢r 2023, whi¢h are sei oui on pages I I to 17. Respective responsibilities of trustets 9nd ex8min¢r As the charity trusiees of the Asw¢iation, you are resEK>nsible for the preparation of th¢ ae¢ounts in a¢¢ordan¢e wilh the requir¢rnent8 of the Charities Act 2011 Cthe Act,). I report in r¢spect of my examination of the Ttust's a¢￿￿nIS earried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity. JDd¢p¢ttdent ExAmither's ststsrneDt I h¥v¢ ¢ompl¢ted my examination. I confinn that no material mattets have come to my #ttention in connection with the examination byving me cause to believe that in any mat¢Tial r¢5￿1.. . accounting records w¢r¢ not k¢pt in respect of the Trust as required by section 130 of the Act" or 2. the accounts do not accord wth th¢)se records,. or 3. the account5 do not COTnply with the applicable requirements concerning the fomi and ￿nIent of acwunts set out it] the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aecounts give a 'true and fair view which is not a matter Considered as part of an independent examination. I have no concerns and have wne o¢ross no other matters in Connectith with the examination lo which attention should be drawn in this report in order tts enable a proper l￿￿erstandIn8 of th¢ ¥wunts to be rea¢b¢d. Jonathan Healey FCA Lindeyer Francis Fergusotj Ltd Chartercd Accountsnts North House 598 High Stre¢l Tonbridg¢, K¢nl TN9 IBE Page 10 THE BRITISH GEOTECHNICAL ASSOCtATION STATEMENT OF FINA￿"C[AL ACTIVITILS {INCLUDING IrnCOME AND EXPENDIIWRF ACCOIINT) FOR THE YEAR ENDED 31 DECEMBER 2023 SG 2023 Totsl 2022 Total Notes Uttrestrleted De5ign#tsd Imtotne from.. Charlt*ble 8ttlvitks 117.(X12 117.(N)2 117.281 Othtrtradlng activities 177.497 400 177.897 59.134 IJLvestment Income 7,360 7.044 14,41)4 8,612 Totsl Ineoming 301.859 309,303 185,027 ExpeDdilure on: R•ldng 170.534 18,841 189,375 53,058 C￿rI￿ble attlvilie 150,155 2.772 152,927 131.405 Total expenditsre 320,689 21,613 342,302 184.463 Net{It)$sesllyith iMeStmettts Realis￿1 Unr¢hlif¢d (426) 16,081 (6391 24.123 {],(￿5) 40,204 {6,636) {43.8231 15.655 23.484 39.139 150,459 Net Intome and net move￿ent In 13.175) 9.315 6.14U 149,895 Tota] funds brought forward 313,851 229,905 543,736 593,651 Total fund5 ca￿]Cd forwoTd 310,676 239220 549,890 543,756 The statemet)t of financial ￿tiVI￿ includ&% all gain$ and losse5 in thc ￿Ti￿. All income atKi exT￿ndItU￿ d¢rive5 LiTrntinuing activilies. Pagell TtIL BRITISII GEOTECHNICAL ASSOCIATION BALANCE SHfi.fi T AT 31 DECEMBCI R 2023 G& Notes 2023 ZOZ2 FIXED ASSETS Mw'ket valiic of inYc5tmthts 483.259 435.099 CURRENT ASSETS Casli &1 bank C8sh on shori lerrn d¢p05il Debtors 165.948 9.429 22.938 180,972 34,971 27,281 198J15 243,224 CURRENT LIABILITILS Cr¢di1015 io 131.678 134,567 NET CURRENT ASSETS 66,637 ID8,657 TOTAL Assrfs 549,896 543,756 Fin&n¢ed by.. ACCUMULATED FUNDS Um%slricted DeSi￿lat¢d funds li 12 310,676 239,220 313,SSI 229.905 549.896 543,756 The note% on page 13 to 17 forrn paTI of thue financial siii¢ixenis. Approved by the ci)mmitlee on 4ih June 2￿24 and si9￿d its behalf by.. Andjriv Ridley Chair 'rony D￿ve￿il0 Honol'ary Tr¢asLW Pa8e12 THE BRITISH GEOTECHNICAL ASSOCIATION eG Notes lo the financigl statements for the year eDded 31 December 2023 l R¢spoTrsibilities of the Committee The Cotnmiitee is responsible for maintaining proper a¢wunting records which disclose with reasonable x¢uracy at any lime the financial positi¢)n of th¢ Asso¢iation and for taking reasonable sieps for the prev¢ntion and deteetion of fraud and othcr irregularitie$. In pr¢parin¥ the financial stat¢ments th¢ Committee are required kn: a) selcct suitable accounting policies and th¢n apply them ¢onsistently b) mak¢ judgements and e5timat¢$ that ar¢ reasonable and prudent c) prepare the financtal ststements on the going coneem basis un1¢s5 it is inappropriate to presume that the Association will conrinue to operate. 2 Aetouttting Polieie The finwKial S￿¢ments h8ve prepared in accordance with the Finan¢ial Rcporting Standard 102 (¢ff¢¢tive January 2019) (FRS 102A the Cornpanies A¢t 2006 and ihe requirements of the Statement of R￿¢)rnMended Pra¢ti¢c (SORP) applicable to charities pr¢paring their accounts in accordancc with the Financial Rq)orting Standard appl]￿ble in ihe UK and Republic of Ireland (FRS 102) (effeaive l January 2019} (ChaTitie5 SORP FRS 102). are initially re¢ognised ai hLStori¢al cost or transa¢tion value imtess otherwise stated in th¢ r¢l¢vant accounting wjlicy notrfs). There are no material uncertainties about th¢ charity'5 ability to continue, and so the going ¢oncem basis of 8CcoL￿ting ha5 been adopted. Income All subscriptions and irtvesttnent income is accounted for when received, ex¢eN in the case of subs¢riptions which are 5pe¢ifically stated to be in respect of an ensuing a¢counting period. No cr¢dit is taken for subscriptions unpaid at the Donation in¢om¢ is a¢¢ounted for when the A&sociation has entitlement to the irtcornr, thr income is probable and Ix measured reliably. Expendltyr¢ Expendityre is recognised when there rs a legal or constructive obligation to transfer resources to a third paty. settlement is probable and the amounl can be measured reliably. Expenditure is in¢lud¢d wiihin the Statement of Financiat Activiknes on Fund Accounting Unr¢stri¢￿t fuThJs ￿ be used in aecordance with th¢ ¢haritsble objectives Of the Society. at the discretion of the Irnstees. RestrtcÈed funds can only be used for the particular restri￿ed purpo%s within the objectives of the So¢i¢ty. The association has the following designated fimds.. Ranklne Fund The Rankine Fund has been consolidated into the British Geot¢thnical Associauon accounts. BGA Fund The BGA Fund has be¢n ¢onsolidai¢d into the Brit15h Geotechnical Ass￿latiOn ac¢ounis. l*vestmeDts inv¢stments relate and are identificd &s unrcalised. CLth beld as part of the investment5 Portfolio is included in investments. T*iatio The Charity is exempt from t￿￿tIOn on its charitable activities. Page 13 THE BRITISH CEOTECHNICAL ASSOCIATION G& Nott5 to the fln4ncial 5t4teJneNts for the year ended 31 De£eTnber 2023 3. Th*rit#ble #rtivitits 2D23 2022 émhers stib.vcripiioxs United Kingdom Europe AfriLa Asia Ausirdl#sia North America South America 100,liO 6.662 476 4,062 3,657 ,495 51)0 99,895 6.134 469 4.451 3,799 1,950 583 117.002 117281 4. Othvr Irndittg ¥¢¢lvltles GeDerAI RADkiue Fund BGA Fund {Deslgngttd} (Designattdl I'otal Rankine Dinner Annual Conference Annual MembeTS Dinner Gto.Re5ili¢nGt 2023 Earl). Career Group Other Function Income Book sales and royallies Cotrling Prize 32,060 11,080 19,580 l(K).636 3.4(JO 3,050 433 168 400 32.460 18,080 19,580 l(K),636 3.490 3.051) 433 168 177.497 400 177,897 S. Invtstment Intome CeneTal Ra￿kIne Fund BGA Fund (De5ign8ted) (Design4ted) To¢al Investment Income 100 6, Ralslllg fvDds General Rsnklne Fuud BGA Fund (Designated) (D¢sAgllh¢ed} Total Rankine DinnerlLecture AnnuAI (:onferen¢e Arinual Members l)inner (t￿-Re$ll1ellCe 2023 Early Career Group s￿¢1￿1 Eients Inve&imenl Managerneni Fee 27,904 10,757 27.912 92.075 8.140 2.725 1,021 17,308 45212 10.757 27,912 92.075 8,140 2.725 2 J54 1,533 170,534 18,841 189,375 Pag¢ 14 G& THE BRITISH GEOTECHNICAL ASSOCIATION Notes to the fin4nci¥Jl sts¢¢meDts for the year ended 31 De¢emb¢r 2023 7. Charilable aetisqtie$ 2023 2022 Subscriptions to other bodies Awards & prizks Athninistration Honoraria Website P05tag¢ Printing. staiion¢ry and photocopying Publicity and Promotion Meeting expenses }￿b]ICation- Ground Engineering Other ¢xpenses Reviewer Fee Cost of trustees meeting Community 5UPPOrt activities Bank ¢harges 17,395 8,251 23,958 11.700 4,854 30 2.880 3,960 1,288 75,188 15,824 6,432 14,062 11,700 2,475 35 73,474 2,501 1,146 759 1,108 145 1,158 1247 913 105 152,927 131.405 & InvestmeDts- Rankille fund 2023 2022 Mark¢t value at l January 2023 Disposals at tnarket value Acquisitions at cost Net gain on revaiuation 422,924 (216,121) 232,440 39.139 461,618 (323,357) 335.122 (50.459) Listed investsn¢nts at market value at 31 December 2023 478,382 422,924 Cash on dqxisit awaiting investment 4,877 12.175 Market value as at 31 December 2023 483259 435,099 9. Dehors 2023 2022 Other Debt{￿ (including Prepa>Th¢nts) Arnount due from ICE 13,704 9234 20,586 6,695 22,938 27.281 Page15 eG THE BRITISH CEOTECHNICAL ASSOCIATION Not&s to the fm4ncig1 stst¢ments for the ye4r ended 31 December 2023 10. Creditors 2023 21122 Creditors and a¢¢￿a]S Subscriptions and other receipts in advance 108,624 23,054 113,195 21,372 131,678 134,567 Funds held on bchalf of FMGM amount to £30.639 at year en¢1 I l. An8ly81s of net Assets between funds Unrestricted Funds Designated Futhds Totsl Funds Fund balanees at 31 Decernber 2023 represented by: Investments Current &%sets Current liabilities falling due withiEI One year Transfer between funds 193,303 194.586 (131,678) 54,465 289,956 3.729 483.259 198,315 (131,678) (54,465) 310,676 239,220 549.896 Fund hlances At 31 December 2022 represented by: Investments Cwrent assets Current liabilities falling due within one year Transfer between funds 174,037 236,823 (134.567) 37,558 261,062 6,401 435.099 243,224 {134.567) 137J58) 313,851 229,905 543,756 11 D¢5ignated fund analysis Rankine Fund BGA Fund Tot*1 Balanre brought forward at l January 2023 223,504 6.401 229.905 Divid¢nds and interest received Desigtiated income Designated expenditure Inv¢slmeni Management fees Gain on investment as5¢ts 6,944 400 (17.308) (1,533) 23,484 100 400 (20,080) (1.533) 23,484 (2,772) Fund balances caThÉed fotward at 31 December 2023 235,491 3,729 239,220 Page 16 TIIE BRITISH GEOTECIINICAL ASSOCIATIOIY Notes to the finan