IAH Annual Report 2022

Finance

Although IAH has income and expenditure in sterling, euro and dollars, owing to the the Association being based in the UK it is required to prepare its formal reports and accounts in sterling. Recognising IAH’s international status, for ease of reference to everyone, we have summarised financial information here in all three currencies.

IAH’s trading activities are carried out through the Association’s subsidiary company World-Wide Groundwater Ltd. There was no activity during 2020. The company is, however, maintained at a small charge in the event of further requirements arising for its use in the future.

The Council is required to prepare its report and accounts in pounds Sterling (GBP). For the year under review the Council reports an overall surplus of £24,550 (2021: surplus of £48,326). There was a slight reduction in total income during 2022, at £316,815 compared with £321,737 in 2021.

With constraints associated with the Covid pandemic easing, it was possible for IAH to carry out more activities, and increase its expenditure, compared with the immediately preceding years. This expenditure was mainly related to support for the United Nations’ World Water Day campaign, “Groundwater – making the invisible visible”.

However, some anticipated costs did not occur, so that the budgeted expenditure was not achieved in full. The continuation of Covid-related restrictions in China meant that our congress in Wuhan was changed to an online event. In consequence, costs for participation of Council members and other IAH-funded delegates were much reduced. Furthermore, following the takeover of our website contractor, development work on our website was deferred, pending review of the new working arrangements, and the associated costs were not incurred.

During the year our bank withdrew its services, although no reason was given. While the new banking arrangements were being put in place, temporary use was made of our accountant’s client account (£100K was deposited until IAH’s new account was available) and the sum of £91,863 was transferred temporarily to our commercial subsidiary (World Wide Groundwater Ltd).

Trading activities

These are carried out through the Association’s subsidiary company World-Wide Groundwater Ltd. (WWGW). Following completion of the Global Environment Facility project on groundwater governance, no further income has been received since 2014. The company is, however, maintained at a small charge in the event of further requirements arising for its use. WWGW’s bank account was used as a temporary repository for a part of IAH’s funds (£91,863) while new banking arrangements were being put in place for the Association. This followed unexpected closure by the bank of IAH’s account.

INTERNATIONAL ASSOCIATION OF HYDROGEOLOGISTS

Statement of Financial Activities for the year ending 31 December 2022

Incoming Resources				£	£	EUR(€)	USD($)

Membership fees					221462	255436.48542	281976.4915
Contract and subvention income					48731	56206.82271	62046.74575
Investment income					7	8.07387	8.91275
Donations					6731	7763.60271	8570.24575
Royalties					24629	28407.33489	31358.87425
Other income					21406	24689.89446	27255.1895
Total resources received					322966	372512.21406	411216.4595


Resources Expended
Member services	Salaries			23389
	Printing and publications			107192
	Hydrogeology Journal Editorial Office			10791
	Refunds to National Chapters and other grants			20878
	Website development			3408
	Other			10946	176604	203696.81964	224861.043
Donations and grants payable					16736	19303.46976	21309.112

Support costs	Salaries			33181
	Travel and subsistence			21965
	Printing, stationery and database administration			15034
	Other			4945	75125	86649.92625	95652.90625

Management and administration of the charity	Salaries			21354
	Accountancy fee			2473
	Other			0	23827	27482.30007	30337.72775
Finance costs (bank charges) and depreciation					3829	4416.40689	4875.27425

Total resources expended					296121	341548.92261	377036.06325

Net Income/Expenditure					26845	30963.29145	34180.39625
Net foreign exchange gains/(losses)					-2294	-2645.92254	-2920.8355

Net Incoming resources					24551	28317.36891	31259.56075

Balance brought forward at 1 January 2022					247751	285758.48091	315448.96075

Balance carried forward at 31 December 2022					272302	314075.84982	346708.5215


Balance sheet as at 31 December 2023
		2022	2021	2022	2021	2022	2021
		£	£	EUR(€)	EUR(€)	USD($)	USD($)

Fixed Assets		563	137	649.36983	1353.03	716.83975	1538.361

Current Assets
	Cash and debtors due	296148	277887	341580.06468	330685.53	377070.441	375981.111
Creditors
	Amounts due within one year	-24409	-31273	-28153.58469	-37214.87	-31078.75925	-42312.369

Net Assets		272302	246751	314075.84982	294823.69	346708.5215	335207.103
Represented by:
	Unrestricted Funds	240000	215583	276818.4	256543.77	305580	291683.799
	Burdon Fund	32302	32168	37257.44982	38279.92	41128.5215	43523.304

Funds		272302	247751	314075.84982	294823.69	346708.5215	335207.103

Statement by the Association’s reporting accountant: These summarised accounts are extracted from the full financial statement of the Association which were subject to an unqualified Independent Examination report by Locke Williams Associates LLP, Blackthorn House, St Pauls Square, Birmingham, B3 1RL. The independent examiners have confirmed that the summarised accounts are consistent with the full annual financial statements and the Trustees’ Annual Report of International Association of Hydrogeologists for the year ended 31 December 2022. The annual report and accounts were adopted by the IAH Council on 25 September 2023 and will be submitted to the Charity Commission and the Registrar of Companies.

These summarised accounts may not contain sufficient information to gain a complete understanding of the financial affairs of the Association. For further information, the full accounts, the reporting accountants’ report on those accounts and the trustees’ annual report should be consulted; copies of these can be obtained from the IAH International Office or downloaded from www.iah.org.

Throughout this report the conversion from sterling (£) to Euro (€) is at the rate of €1.153 = £1 and to US Dollar ($) is at the rate of $1.273 = £1.

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