INTERNATIONAL ASSOCIATION OF HYDROGEOLOGISTS
Financial health, per its FY2024 accounts
The accounts state that the charity reported a total deficit of £10,040 for the year ended 31 December 2024, driven by a net expenditure exceeding income and currency exchange losses. Despite this deficit, the trustees report that reserves remained sound at £251,620, with free unrestricted reserves of £217,634. The charity operates a defined contribution pension scheme and holds funds in a subsidiary company's bank account due to the closure of its own account.
What the accounts disclose
“During the year, the charity's subsidiary administered funds held at bank on behalf of the charity. At 31 December 2024, the subsidiary holds £49,973 (2023 £84,945) on behalf of the charity.” — page 20
Trustees
- Dr Marco PETITTA
- Dr Nicholas Stephen Robins
- Dr TEODORA SZOCS
- Julian Edward Conrad
- Nicola Jane Dottridge
- Philip John Chilton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £319k | £322k |
| 31/12/2023 | £318k | £325k |
| 31/12/2022 | £323k | £296k |
| 31/12/2021 | £322k | £258k |
| 31/12/2020 | £331k | £257k |
Common questions
Is INTERNATIONAL ASSOCIATION OF HYDROGEOLOGISTS financially healthy?
The accounts state that the charity reported a total deficit of £10,040 for the year ended 31 December 2024, driven by a net expenditure exceeding income and currency exchange losses. Despite this deficit, the trustees report that reserves remained sound at £251,620, with free unrestricted reserves of £217,634. The charity operates a defined contribution pension scheme and holds funds in a subsidiary company's bank account due to the closure of its own account. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MIRZA SHARIF AHMAD FOUNDATION | 1 | £5.6m |
| MAJLIS ANSARULLAH (UK) LTD | 1 | £265k |
| ANTI-SLAVERY INTERNATIONAL | 1 | £98k |