Finance

IAH has its main bank account with Virgin Money. We are aware that a takeover of Virgin Money by Nationwide is in prospect. We will continue to monitor whether there may be implications for IAH resulting from this change.

IAH’s trading subsidiary, World-Wide Groundwater Ltd, remained dormant, but continued to hold £9K on behalf of the Association, which had been deposited following closure by HSBC of IAH’s bank account in 2022.

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 2025. The annual report and accounts were adopted by the IAH Council on 16 September 2026 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 €1.147 = £1 and to US Dollar ($) is at the rate of $1.347 = £1.