THE GEOLOGISTS' ASSOCIATION
To promote the study of geology, and advance earth science, by lectures, publications, field meetings, a website and a library of books, journals, maps and photos, and educating the public, including young people, about geology. Grants are made to other bodies, such as museums and field centres, and from 2009 to individuals, in support of the study of geology.
Financial health, per its FY2024 accounts
The charity reported a deficit in its General Fund of £11,031 for the year, primarily due to reduced income from publications and donations. However, the charity holds substantial unrestricted reserves of £564,487, which the trustees state are sufficient to cover 2.75 years of normal expenditure, ensuring adequate resources for the foreseeable future.
What the accounts disclose
“The policy is to maintain 2 years’ reserves to mitigate loss of income that could prevent the GA’s ability to meet planned commitments and administrative and governance costs.” — page 33
“There were no disclosable related party transactions during the year (2023 - none).” — page 56
“He explained that the delay in producing the financial statement had been caused by the difficulty in obtaining the statement from the accountants Hargreaves Lansdown for the 31st Dec 2023. Because of the changes in signatories and treasurer, ‘Due Diligence’ was raised by Hargreaves Lansdown, and this appears to be the prime cause of the delay.” — page 7
Register events
- Received assets from another charity (22/03/2023)
Trustees
- Dr Liam Gallagherchair
- Alison Barraclough
- Cathryn Symons
- Clare Frances Byrne
- DR COLIN DUNCAN PROSSER
- David Ward
- Dr HAYDON WILLIAM BAILEY
- Dr Ian Ross Garden
- Dr JONATHAN LARWOOD
- Dr MICHAEL JOHN OATES
- Dr Thomas A Hose
- Graham Hickman
- Janet Osborn
- John Richard Lonergan
- Nicholas Pierpoint
- PAUL VAROTSIS
- PROFESSOR DAVID RICHARD BRIDGLAND
- Peter Jones
- Professor John Cosgrove
- Professor Susan Betty Marriott
- Professor Tony Dore
- Richard Wrigley
- Ross Donald Baker
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £326k | £306k |
| 31/12/2023 | £437k | £306k |
| 31/12/2022 | £266k | £231k |
| 31/12/2021 | £288k | £230k |
| 31/12/2020 | £328k | £261k |
Common questions
Is THE GEOLOGISTS' ASSOCIATION financially healthy?
Per its FY2024 accounts: The charity reported a deficit in its General Fund of £11,031 for the year, primarily due to reduced income from publications and donations. However, the charity holds substantial unrestricted reserves of £564,487, which the trustees state are sufficient to cover 2.75 years of normal expenditure, ensuring adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | 1 | £155k |
| THE RISMAN FOUNDATION | 1 | £50k |
| ANTIPODE FOUNDATION LTD. | 1 | £6k |
| THE SAMUEL STOREY FAMILY CHARITABLE TRUST | 1 | £130 |
Charities like this
- THE GEOLOGICAL SOCIETY OF LONDON
- THE PALAEONTOLOGICAL ASSOCIATION
- THE GEOGRAPHICAL ASSOCIATION
- GESGB
- THE GENETICS SOCIETY
- ROYAL GEOGRAPHICAL SOCIETY (WITH THE INSTITUTE OF BRITISH GEOGRAPHERS)
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE GEOLOGISTS' ASSOCIATION | £326k | — | 0 | above | — | no doubt |
| THE GEOLOGICAL SOCIETY OF LONDON | £6.1m | — | — | unclear | — | no doubt |
| THE PALAEONTOLOGICAL ASSOCIATION | £589k | — | 0 | unclear | — | no doubt |
| THE GEOGRAPHICAL ASSOCIATION | £1.2m | — | — | unclear | — | no doubt |
| GESGB | £463k | — | — | unclear | — | no doubt |
| THE GENETICS SOCIETY | £530k | — | 0 | above | — | no doubt |