# **The European Federation of Societies for Ultrasound in Medicine and Biology (EFSUMB) Registered UK Charity 1016118**
## **Trustees’ Report 2 April 2025**
This report has been prepared by the EFSUMB Trustees registered with the Charity Commission according to the Statement of Recommended Practice requirements that all charities must follow:
## **• Objectives and activities**
EFSUMB’s objectives are to:
- promote the science, the research and development of ultrasound in Medicine and Biology and to publish the results of research
- to propose standards and to give advice concerning criteria for optimum equipment and techniques and clinical applications
- to arrange congresses and study and development meetings on an international level both in and outside Europe by the member organisations, including organising, in co-operation with a local committee, a European or World Congress for ultrasound in Medicine and Biology (WFUMB)
- to work with organisations with shared objectives to harmonise guidelines and to foster a closer relationship aimed at promoting the best of education in ultrasound across the European community
- to represent the interests of its membership in WFUMB and in any other international organisation whose purposes are consistent with those of EFSUMB.
## **• Achievements and performance**
_Research activities_
Thoracic Ultrasound – Training Recommendations, a Position Paper has been submitted to UMB in 2024.
The following papers are submitted or work in progress for publication in 2025:
1
1. Professional Standards in Thoracic Ultrasound
2. Multiparametric Ultrasound Small Parts (Thyroid (two parts), Testis)
3. Professional Standards in Medical Ultrasound ‘Who is doing your scan’
4. Point of Care Ultrasound (POCUS) for Primary Care Users
5. Curriculum for Sonographers
6. Point of Care Ultrasound Emergency Medicine
- 7.Live Scanning at Exhibitions Policy Document
## _Joint guidelines with WFUMB under discussion:_
1. Update of The EFSUMB Guidelines and Recommendations for the Clinical Practice of Contrast-Enhanced Ultrasound (CEUS) in Non-Hepatic Applications Published 2017
_2._ Fusion Imaging
_3._ Multiparametric Ultrasound – Breast
4. Multiparametric Liver
5. Multiparametric Pancreas
## _Safety Statements in US_
## Safety Data – average 19,274 visits per month
Top visits in this section
1. The use of ultrasound for cosmetic or aesthetic body shaping (2024)
2. Recommendations and Information about regulatory aspects related to the use of hand-held ultrasound devices [revised 2021]
3. Doppler ultrasound devices – Safety Aspects - Update 2022
4. Best Practice recommendations for cleaning and disinfection of ultrasound transducers whilst maintaining transducer integrity [2021]
5. Best Practice Guidance for the Safe use of Doppler Ultrasound [Last revision 2021]
6. EFSUMB Recommendations on Non-Medical Use of Imaging Ultrasound [Last revision 2021]
The Safety Committee has a representative in WFUMB and is involved in drawing to a concluision the harmonisation of safety guidelines between the international Federations.
## _Courses and Congresses_
The EUROSON 2024 took place in Naples, Italy in November 2024 with 1425 attendees from 50 countries. A highly successful Student Ultrasound Congress (STUC) organised by the students themselves and a SonoCave with themed ultrasound hands on training with experts. The next Congress takes place in Lublin, Poland 11 – 14 June 2026. EFSUMB again with an incorporated Student Ultrasound Congress, SonoCave and the Young Investigator
2
session to find the best clinical and/or technical presentation. The clinical presentation at EUROSON 2024 will compete for the WFUMB Young Investigator prize at WFUMB 2025 Kyoto, Japan. There will be no congress in 2025 as EFSUMB moves to biennial congresses (alternating with WFUMB) but the Student Ultrasound Congress is planned for Berlin, Germany 4 – 6 September 2025. If successful this will take place in years alternating with the EFSUMB Congress.
All of the Euroson Schools proceeded as planned with topics ranging from CEUS, Musculoskeletal, Paediatric CEUS, Gastrointestinal Ultrasound, and Point of Care Ultrasound. Endorsed Courses proceeded as planned offering specialist education in head and neck ultrasound, neonatal ultrasound and an interventional Cadaver Course.
All committee meetings continue to be held online except when a congress is taking place.
## _Online Education_
EFSUMB continues to offer educational webinars. The tradition of Contrast Enhanced Ultrasound webinars with support from Bracco is continued with 2 focusing on European research and 2 on Chinese research developments. A new series of CEUS courses was launched featuring one Chinese and one European speaker in each webinar on a specific topic sharing international perspectives. The Chinese team led by Prof Xie at Sun Yat Sen University translate the presentations into Mandarin and these are on the website with subtitles in the webinar archive section. The online recordings attract a lot of interest.
## _**Cooperation with international organisations and Industry**_
The cooperation agreement with European Society of Radiology has been renewed and a joint ESR/EFSUMB Ultrasound focused session was held in 2024 which was well received. ESR is considering an Ultrasound Diploma to which EFSUMB is hoping to be invited to contribute to the curriculum.
The agreement with United European Gastroenterology is being renewed following another successful Ultrasound Learning Area at UEG Week which has attracted more attendees than in past years to the lecture series followed by hands-on sessions with machines loaned by industry. EFSUMB is also involved in the UEG ultrasound summer school which is oversubscribed.
ESNCH provides session on neurosonology at EUROSON 2024 and for the first time EFSUMB sent two speakers with vascular expertise to the ESNCH congress in Spain in August. The objective is to co-ordinate research and guidelines and promote each organisations’ activities at congresses.
3
EFSUMB continues to cooperate by sharing information on EFSUMB activities with Industry partners to encourage financial support of webinars, congresses and schools. An Industrial Board Meeting with Industry representatives took place during the congress. The discussion on an industry sponsored technology corner on the EFSUMB website has stalled with limited interest.
The EFSUMB Newsletter is published in each issue of UiM/EJU (six times per year) with information on EFSUMB activities. The Publication Committee Journal Club receives contributions on recently published articles which are reviewed and recommended as relevant to members. eNewsletters are emailed up to four times a year to alert members to current activities.
## _**EFSUMB Website**_
The EFSUMB website continues to see increased visitor numbers with a monthly average of 188,813 visitors. As in 2023 the webinar archive is the most viewed site followed by EFSUMB Guidelines and Recommendations and then the freely downloadable EFSUMB Ultrasound Book. Individual members, which numbered 312 in 2024, sign up to access the website and benefit from congress registration reductions. Different rates are offered for student membership and low-income countries along with a discount for 5-year membership.
Regular statistical analysis is conducted to understand the interests of EFSUMB website users. This information encourages EFSUMB to make these areas a priority. The main visitor traffic is from the United States of America followed by China, UK, Taiwan, Italy, Russian Federation, India, Japan, Germany and Romania.
Social media is being utilized:
## **FACEBOOK**
Post engagement is up by 16% this quarter, weekly total reach is up to 467%
## **X**
Tweets continue to be published daily just like the Facebook page. Content is a streamlined version of Facebook entries due to character limit. Tweets popularity is up by 93%
## **LINKEDIN**
The popularity rating on LinkedIn has increased by 92% over the last 4 months with post impressions increasing over 30% – we are widening our connections with over 2058 and gaining more of a following. Our content is being shared more widely across the network as our connections widen.
## **Instagram**
We have made great progress with Instagram over the past 4 months with many people
4
following, liking and sharing our posts worldwide. We in turn are sharing our affiliate and partnership posts so we are all helping each other to make a greater impact.
## _**Financial review**_
Total income was £ £198,285 (2023 £126,119) and total expenditure was £ 170,343 (2023 £145,756). Net gains on investments were £ 6,835 (2023 £616 surplus)
In 2024 EFSUMB incurred a surplus of £ 34,777 (2023 EFSUMB incurred a deficit of £19,021 largely as a result of the costs related to EUROSON 2023.).
Membership at the end of 2024 totalled 16,914 with the vast majority from the 28 National Societies (Greece has been suspended for non-payment of the 2024 membership fees), the Swiss Society (total 680) which is an Affiliate Society and individual membership accounting for 312. The Board of Delegates agreed to waive the fees for the Ukrainian Society for 2024 and will continue to do so for the foreseeable future. The Russian Federation made the membership payments transfers on two separate occasions which were returned by the bank without any reference to EFSUMB.
EFSUMB continues to promote Schools and Courses online for a small fee to cover the costs of promotion on social media and the website. EFSUMB is adjusting to reduced income by encouraging new National Societies and individual members to join and continuing to use the strategies imposed by the pandemic such as use of online meetings.
The direct expenditure relating to the Society’s activities include the stable (virtual) office and website costs, followed by the 1.5 USD for each EFSUMB member paid to WFUMB. 2025 may continue to see a continued reduction in costs by supporting EFSUMB Committee meetings online but committee and officer attendance at the EUROSON congress will be encouraged and supported in 2025 and the Student Summer School organized by the EFSUMB Secretariat with industry support and EFSUMB support for the Student Tutors.
EFSUMB holds assets of approximately 478,000 GBP which is equivalent to three years administration costs if for any reason income sources were removed. This reserve is maintained to ensure that the Federation can continue for a further three years using these funds to continue the work in progress and restructure to a new situation if the situation required this.
_Plans for future period_
5
The plans for the future period include continuation of Guidelines projects and updates of other existing guidelines. Increased online material will be made available to members including school recordings where sponsored, safety statements and position papers. The EUROSON 2026 congress will see a full programme of lectures and sessions in a wide range of topics, from Elastography to POCUS as well as the Student Congress and SonoCave supported with loaned industry ultrasound machines and simulators.
## **• Structure, governance and management**
The European Federation of Societies for Ultrasound in Medicine and Biology (EFSUMB) is a Registered UK Charity number 1016118 with the Administrative Office, PO Box 72718 London SW19 9HD. The registered Trustees, Prof Paul Sidhu, Prof Adrian Lim and Prof Camel Moran are based in the UK and have participated during this reporting period and within EFSUMB Meetings and are cognisant with EFSUMB policy.
EFSUMB is governed by its updated Constitution and Bylaws which determines the structure of the Federation and is observed with elections held every two years which will be held electronically in 2025. These are reviewed from time to time and amendments proposed e.g. It was agreed that there should be a separation between the Executive and Board of Delegates in order to increase checks and balances and give corporate governance real integrity which was approved by the Board of Delegates at EUROSON 2024.
Nominations are requested from all the member National Societies. In order to increase the representation of smaller Societies within EFSUMB Committees, members may be co-opted who have been unsuccessful in the election or who have skills that are required within the Committees.
The administrative decisions are taken by the Executive Bureau with five elected positions, President, President Elect, Past President, Honorary Secretary and Treasurer and two coopted members, currently a General Practitioner and Radiologist. Specialist committees exist for Education and Professional Standards, Publications, Safety and Student matters. Day to day administration is carried out by the Executive Secretary and a website Administrator accountable to the Executive Bureau in accordance with the Constitution. The remuneration of these workers is the remit of the Executive Bureau and is reviewed annually in the context of similar operating organisations and following a review of their efficiency and performance.
The EFSUMB Guidelines App has faced problems with the App store as the content is available to be freely downloaded by all ultrasound users from the website. EFSUMB has
6
promoted two important guidelines for inclusion in the United European Gastroenterologists (UEG) App.
## **• Reference and administrative details**
The Trustees delegate the day-to-day administrative management of the charity to the General Secretary (at the time of writing this report) Mrs Lynne Rudd who has served in this capacity since 2009. Frequent meetings are held by the Executive Bureau to whom the General Secretary is accountable. The website Administrator, Mrs Suzanne Cain of Kosmos Design has served in this capacity since 2008 and is accountable to the General Secretary in the first instance.
The General Secretary liaises with the accountant to produce the annual financial report. Mr Christian Cooray of Hartley Fowler LLP, Tuition House, 27/37 St George’s Road, Wimbledon SW19 4EU.
## **• Exemptions from disclosure**
No exemptions from disclosure are claimed as there are no payments to Trustees or EFSUMB committee members except for necessarily incurred expenses which are reimbursed according to EFSUMB approved policy.
## **Funds held as custodian trustee on behalf of others**
EFSUMB is the custodian trustee for an endowment fund provided by the French Ultrasound Society for a French Society nominated Thérèse Planiol lecture to be held at a EUROSON Congress and is provided to cover travel and accommodation. The fund currently stands at 3011 GBP.
Following the Pediatric CEUS School held in London there is a surplus of 14,964 GPB carried forward to the 2025 for Adult CEUS School.
The annual CEUS School held in Munich, Germany receives the assistance of EFSUMB with a fee of 1000 euro for administration to raise sponsorship and reimburse speakers.
A balance from the 2024 Munich CEUS School of 16,157 euro is carried forward to 2025 (with unpaid industry invoices of 7,500 euro) and held by EFSUMB as a restricted fund for the course organisers Prof Dirk Clevert and Prof Hans-Peter Weskott.
7
## **Report prepared on 02 April, 2025 by EFSUMB Trustees**
**Prof Paul Sidhu Prof Adrian Lim Prof Carmel Moran London, UK London, UK Edinburgh, UK Trustee and Past President Trustee and Co-opted Trustee and Safety ExB Member Committee Member**
8
```
REGISTERED CHARITY NUMBER: 1016118
```
## **`REPORT OF THE TRUSTEES AND`**
## **`FINANCIAL STATEMENTS`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`FOR`**
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
```
```
27-37 St George's Road
Wimbledon
London
SW19 4EU
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
```
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 16
**----- End of picture text -----**
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2024.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
EFSUMB's objectives are to:
```
```
- promote the science, the research and development of ultrasound in Medicine and Biology and to publish the results of research
```
```
- to propose standards and to give advice concerning criteria for optimum equipment and techniques and clinical applications
-toarrangecongressesandstudyanddevelopmentmeetingsonaninternationallevelbothinandoutsideEuropebythe member
organisations,includingorganising,inco-operationwithalocalcommittee,aEuropeanorWorldCongressforultrasound in
Medicine and Biology (WFUMB)
```
```
-toworkwithorganisationswithsharedobjectivestoharmoniseguidelinesandtofosteracloserrelationshipaimedat promoting
the best of education in ultrasound across the European community
```
```
-torepresenttheinterestsofitsmembershipinWFUMBandinanyotherinternationalorganisationwhosepurposes are
consistent with those of EFSUMB.
```
## **`Public benefit`**
```
Thetrusteeshavecompliedwiththedutyinsection17oftheCharitiesAct2011tohavedueregardtopublicbenefit guidance
published by the Charities Commission.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Research activities`**
```
Thoracic Ultrasound - Training Recommendations, a Position Paper has been submitted to UMB in 2024.
```
```
The following papers are submitted or work in progress for publication in 2025:
```
`1. Professional Standards in Thoracic Ultrasound`
`2. Multiparametric Ultrasound Small Parts (Thyroid (two parts), Testis)`
`3. Professional Standards in Medical Ultrasound 'Who is doing your scan'`
`4. Point of Care Ultrasound (POCUS) for Primary Care Users`
`5. Curriculum for Sonographers`
`6. Point of Care Ultrasound Emergency Medicine`
`7. Live Scanning at Exhibitions Policy Document`
```
Joint guidelines with WFUMB under discussion:
```
```
1.UpdateofTheEFSUMBGuidelinesandRecommendationsfortheClinicalPracticeofContrast-EnhancedUltrasound(CEUS) in
Non-Hepatic Applications Published 2017
```
`2. Fusion Imaging`
`3. Multiparametric Ultrasound - Breast`
`4. Multiparametric Liver`
`5. Multiparametric Pancreas`
```
-1-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## `Safety Statements in US`
```
Safety Data - average 19,274 visits per month
Top visits in this section
```
`1. The use of ultrasound for cosmetic or aesthetic body shaping (2024)`
`2. Recommendations and Information about regulatory aspects related to the use of hand-held ultrasound devices [revised 2021]`
`3. Doppler ultrasound devices - Safety Aspects - Update 2022`
`4. Best Practice recommendations for cleaning and disinfection of ultrasound transducers whilst maintaining transducer integrity [2021]`
`5. Best Practice Guidance for the Safe use of Doppler Ultrasound [Last revision 2021]`
`6. EFSUMB Recommendations on Non-Medical Use of Imaging Ultrasound [Last revision 2021]`
```
TheSafetyCommitteehasarepresentativeinWFUMBandisinvolvedindrawingtoaconclusiontheharmonisationof safety
guidelines between the international Federations.
```
## `Courses and Congresses`
```
TheEUROSON2024tookplaceinNaples,ItalyinNovember2024with1425attendeesfrom50countries.Ahighly successful
StudentUltrasoundCongress(STUC)organisedbythestudentsthemselvesandaSonoCavewiththemedultrasoundhands on
trainingwithexperts.ThenextCongresstakesplaceinLublin,Poland11-14June2026.EFSUMBagainwithan incorporated
StudentUltrasoundCongress,SonoCaveandtheYoungInvestigatorsessiontofindthebestclinicaland/ortechnical presentation.
TheclinicalpresentationatEUROSON2024willcompetefortheWFUMBYoungInvestigatorprizeatWFUMB2025Kyoto, Japan.
Therewillbenocongressin2025asEFSUMBmovestobiennialcongresses(alternatingwithWFUMB)buttheStudent Ultrasound
CongressisplannedforBerlin,Germany4-6September2025.Ifsuccessful,thiswilltakeplaceinyearsalternatingwith the
EFSUMB Congress.
```
```
AlloftheEurosonSchoolsproceededasplannedwithtopicsrangingfromCEUS,Musculoskeletal,Paediatric CEUS,
GastrointestinalUltrasound,andPointofCareUltrasound.EndorsedCoursesproceededasplannedofferingspecialisteducation in
head and neck ultrasound, neonatal ultrasound and an interventional Cadaver Course.
```
```
All committee meetings continue to be held online except when a congress is taking place.
```
## `Online Education`
```
EFSUMBcontinuestooffereducationalwebinars.ThetraditionofContrastEnhancedUltrasoundwebinarswithsupport from
Braccoiscontinuedwith2focusingonEuropeanresearchand2onChineseresearchdevelopments.Anewseriesof CEUS
courseswaslaunchedfeaturingoneChineseandoneEuropeanspeakerineachwebinaronaspecifictopicsharing international
perspectives.TheChineseteamledbyProfXieatSunYatSenUniversitytranslatethepresentationsintoMandarinandthese are
on the website with subtitles in the webinar archive section. The online recordings attract a lot of interest.
```
## `Cooperation with international organisations and Industry`
```
ThecooperationagreementwithEuropeanSocietyofRadiologyhasbeenrenewedandajointESR/EFSUMBUltrasound focused
sessionwasheldin2024whichwaswellreceived.ESRisconsideringanUltrasoundDiplomatowhichEFSUMBishopingto be
invited to contribute to the curriculum.
```
```
TheagreementwithUnitedEuropeanGastroenterologyisbeingrenewedfollowinganothersuccessfulUltrasoundLearning Area
atUEGWeekwhichhasattractedmoreattendeesthaninpastyearstothelectureseriesfollowedbyhands-onsessions with
machines loaned by industry. EFSUMB is also involved in the UEG ultrasound summer school which is oversubscribed.
ESNCHprovidessessiononneurosonologyatEUROSON2024andforthefirsttimeEFSUMBsenttwospeakerswith vascular
expertise to the ESNCH congress in Spain in August.
```
```
The objective is to co-ordinate research and guidelines and promote each organisations' activities at congresses.
```
```
EFSUMBcontinuestocooperatebysharinginformationonEFSUMBactivitieswithIndustrypartnerstoencourage financial
supportofwebinars,congressesandschools.AnIndustrialBoardMeetingwithIndustryrepresentativestookplaceduring the
congress. The discussion on an industry sponsored technology corner on the EFSUMB website has stalled with limited interest.
```
```
TheEFSUMBNewsletterispublishedineachissueofUiM/EJU(sixtimesperyear)withinformationonEFSUMBactivities. The
PublicationCommitteeJournalClubreceivescontributionsonrecentlypublishedarticleswhicharereviewedandrecommended as
relevant to members. eNewsletters are emailed up to four times a year to alert members to current activities.
```
```
-2-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## `EFSUMB Website`
```
TheEFSUMBwebsitecontinuestoseeincreasedvisitornumberswithamonthlyaverageof188,813visitors.Asin2023 the
webinararchiveisthemostviewedsitefollowedbyEFSUMBGuidelinesandRecommendationsandthenthefreely downloadable
EFSUMBUltrasoundBook.Individualmembers,whichnumbered312in2024,signuptoaccessthewebsiteandbenefit from
congressregistrationreductions.Differentratesareofferedforstudentmembershipandlow-incomecountriesalongwith a
discount for 5-year membership.
```
```
RegularstatisticalanalysisisconductedtounderstandtheinterestsofEFSUMBwebsiteusers.Thisinformation encourages
EFSUMBtomaketheseareasapriority.ThemainvisitortrafficisfromtheUnitedStatesofAmericafollowedbyChina, UK,
Taiwan, Italy, Russian Federation, India, Japan, Germany and Romania.
Social media is being utilized:
```
## `FACEBOOK`
```
Post engagement is up by 16% this quarter, weekly total reach is up to 467%
```
## `X`
```
TweetscontinuetobepublisheddailyjustliketheFacebookpage.ContentisastreamlinedversionofFacebookentriesdue to
character limit. Tweets popularity is up by 93%
```
## `LINKEDIN`
```
ThepopularityratingonLinkedInhasincreasedby92%overthelast4monthswithpostimpressionsincreasingover30%- we
arewideningourconnectionswithover2058andgainingmoreofafollowing.Ourcontentisbeingsharedmorewidelyacross the
network as our connections widen.
```
## `Instagram`
```
WehavemadegreatprogresswithInstagramoverthepast4monthswithmanypeoplefollowing,likingandsharingour posts
worldwide. We in turn are sharing our affiliate and partnership posts so we are all helping each other to make a greater impact.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Totalincomewas£198,285(2023£126,119)andtotalexpenditurewas£170,343(2023£145,756).Netgainson investments
were£6,835(2023£616surplus).In2024EFSUMBincurredasurplusof£34,777(2023EFSUMBincurredadeficitof £19,021
largely as a result of the costs related to EUROSON 2023).
```
```
Membershipattheendof2024totalled16914withthevastmajorityfromthe28NationalSocieties(Greecehasbeen suspended
fornon-paymentofthe2024membershipfees),theSwissSociety(total680)whichisanAffiliateSocietyand individual
membershipaccountingfor312.TheBoardofDelegatesagreedtowaivethefeesfortheUkrainianSocietyfor2024and will
continuetodosofortheforeseeablefuture.TheRussianFederationmadethemembershippaymentstransfersontwo separate
occasions which were returned by the bank without any reference to EFSUMB.
```
```
EFSUMBcontinuestopromoteSchoolsandCoursesonlineforasmallfeetocoverthecostsofpromotiononsocialmediaand the
website.EFSUMBisadjustingtoreducedincomebyencouragingnewNationalSocietiesandindividualmemberstojoin and
continuing to use the strategies imposed by the pandemic such as use of online meetings.
```
```
ThedirectexpenditurerelatingtotheSociety'sactivitiesincludethestable(virtual)officeandwebsitecosts,followedbythe 1.5
USDforeachEFSUMBmemberpaidtoWFUMB.2025maycontinuetoseeacontinuedreductionincostsbysupporting EFSUMB
CommitteemeetingsonlinebutcommitteeandofficerattendanceattheEUROSONcongresswillbeencouragedandsupported in
2025andtheStudentSummerSchoolorganizedbytheEFSUMBSecretariatwithindustrysupportandEFSUMBsupportfor the
Student Tutors.
```
## **`Investment policy and objectives`**
```
Thetrustees’investmentpolicyissofaraspossible,tomaintainandincreasetherealvalueofcapital,whilstgeneratinga stable
and sustainable return to fund grant activities.
```
```
InvestmentsareheldinM&GCharibondCharitiesFixedInterestFundincomeunitsandSchrodersCazenoveCharity Multi-Asset
Fund accumulation units.
```
```
-3-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
EFSUMBholdsassetsofapproximately£478,000whichisequivalenttoapproximatelythreeyearsadministrationcostsiffor any
reasonincomesourceswereremoved.ThisreserveismaintainedtoensurethattheFederationcancontinueforafurther three
years using these funds to continue the work in progress and restructure to a new situation if the situation required this.
```
## **`FUTURE PLANS`**
```
TheplansforthefutureperiodincludecontinuationofGuidelinesprojectsandupdatesofotherexistingguidelines. Increased
onlinematerialwillbemadeavailabletomembersincludingschoolrecordingswheresponsored,safetystatementsand position
papers.TheEUROSON2026congresswillseeafullprogrammeoflecturesandsessionsinawiderangeoftopics, from
ElastographytoPOCUSaswellastheStudentCongressandSonoCavesupportedwithloanedindustryultrasoundmachines and
simulators.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
```
## **`Organisational structure`**
```
The European Federation of Societies for Ultrasound in Medicine and Biology (EFSUMB) is a
```
```
RegisteredUKCharitynumber1016118withtheAdministrativeOffice,POBox72718LondonSW199HD.The registered
Trustees,ProfPaulSidhu,ProfAdrianLimandProfCamelMoranarebasedintheUKandhaveparticipatedduringthis reporting
period and within EFSUMB Meetings and are cognisant with EFSUMB policy.
```
```
EFSUMBisgovernedbyitsupdatedConstitutionandBylawswhichdeterminesthestructureoftheFederationandis observed
withelectionsheldeverytwoyearswhichwillbeheldelectronicallyin2025.Thesearereviewedfromtimetotime and
amendmentsproposede.g.ItwasagreedthatthereshouldbeaseparationbetweentheExecutiveandBoardofDelegates in
ordertoincreasechecksandbalancesandgivecorporategovernancerealintegritywhichwasapprovedbytheBoard of
Delegates at EUROSON 2024.
```
```
NominationsarerequestedfromallthememberNationalSocieties.Inordertoincreasetherepresentationofsmaller Societies
withinEFSUMBCommittees,membersmaybeco-optedwhohavebeenunsuccessfulintheelectionorwhohaveskillsthat are
required within the Committees.
```
```
TheadministrativedecisionsaretakenbytheExecutiveBureauwithfiveelectedpositions,President,PresidentElect, Past
President,HonorarySecretaryandTreasurerandtwoco-optedmembers,currentlyaGeneralPractitionerand Radiologist.
SpecialistcommitteesexistforEducationandProfessionalStandards,Publications,SafetyandStudentmatters.Dayto day
administrationiscarriedoutbytheExecutiveSecretaryandawebsiteAdministratoraccountabletotheExecutiveBureau in
accordancewiththeConstitution.TheremunerationoftheseworkersistheremitoftheExecutiveBureauandis reviewed
annually in the context of similar operating organisations and following a review of their efficiency and performance.
```
```
TheEFSUMBGuidelinesApphasfacedproblemswiththeAppstoreasthecontentisavailabletobefreelydownloadedby all
ultrasoundusersfromthewebsite.EFSUMBhaspromotedtwoimportantguidelinesforinclusionintheUnited European
Gastroenterologists (UEG) App.
```
```
-4-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Decision making`**
```
TheadministrativedecisionsaretakenbytheExecutiveBureauwithfiveelectedpositions,President,PresidentElect, Past
President,HonorarySecretaryandTreasurerandtwoco-optedmembers,currentlyaGeneralPractitionerand Radiologist.
SpecialistcommitteesexistforEducationandProfessionalStandards,Publications,SafetyandStudentmatters.Dayto day
administrationiscarriedoutbytheExecutiveSecretaryandawebsiteAdministratoraccountabletotheExecutiveBureau in
accordancewiththeConstitution.TheremunerationoftheseworkersistheremitoftheExecutiveBureauandis reviewed
annually in the context of similar operating organisations and following a review of their efficiency and performance.
```
```
TheEFSUMBGuidelinesAppisnowavailabletobefreelydownloadedbyallultrasoundusers.EFSUMBhasalsopromoted two
importantguidelinesforinclusionintheUnitedEuropeanGastroenterologists(UEG)App.In2024theAppwillinvitethe World
Federation of Ultrasound in Medicine and Biology and its Federation members to share their guidelines on the App.
```
## **`Reference and administrative details`**
```
TheTrusteesdelegatetheday-to-dayadministrativemanagementofthecharitytotheGeneralSecretary(atthetimeof writing
thisreport)MrsLynneRuddwhohasservedinthiscapacitysince2009.FrequentmeetingsareheldbytheExecutiveBureau to
whomtheGeneralSecretaryisaccountable.ThewebsiteAdministrator,MrsSuzanneCainofKosmosDesignhasservedin this
capacity since 2008 and is accountable to the General Secretary in the first instance.
```
```
TheGeneralSecretaryliaiseswiththeaccountantandIndependentExaminertoproducetheannualfinancialreport. Hartley
Fowler LLP, Tuition House, 27/37 St George's Road, Wimbledon SW19 4EU.
```
## **`Exemptions from disclosure`**
```
NoexemptionsfromdisclosureareclaimedastherearenopaymentstoTrusteesorEFSUMBcommitteemembersexcept for
necessarily incurred expenses which are reimbursed according to EFSUMB approved policy.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
```
1016118
```
## **`Principal address`**
```
P O Box 72718
Wimbledon
London
SW19 9HD
```
## **`Trustees`**
|**`Trustees`**||
|---|---|
|`Prof Paul Sidhu`|`Trustee and past president`|
|`London, UK`||
|`Prof Adrian Lim`|`Trustee and co-opted ExB member`|
|`London, UK`||
|`Prof Carmel Moran`|`Trustee and safety committee member`|
|`Edinburgh, UK`||
## **`Independent Examiner`**
```
Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU
```
```
-5-
```
```
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`THE EUROPEAN FEDERATION OF SOCIETIES FOR ULTRASOUND IN MEDICINE AND BIOLOGY`**
## **`REPORT OF THE TRUSTEES`**
## **`FUNDS HELD AS CUSTODIAN FOR OTHERS`**
```
EFSUMBisthecustodiantrusteeforanendowmentfundprovidedbytheFrenchUltrasoundSocietyforaFrench Society
nominatedThérèsePlaniollecturetobeheldataEUROSONCongressandisprovidedtocovertravelandaccommodation. The
fund currently stands at £3,011.
```
```
TheannualCEUSSchoolheldinMunich,GermanyreceivestheassistanceofEFSUMBwithafeetoEFSUMBof1000euro for
administration to raise sponsorship and reimburse speakers.
```
```
Abalancefromthe2024MunichCEUSSchoolof£16,157iscarriedforwardto2025(withunpaidindustryinvoicesof7,500 euro)
and held by EFSUMB as a restricted fund for the course organisers Prof Dirk Clevert and Prof Hans-Peter Weskott.
```
```
Approved by order of the board of trustees on 2 April 2025 and signed on its behalf by:
```
```
Prof A Lim - Trustee
```
```
-6-
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`Independent examiner's report to the trustees of The European Federation Of Societies For Ultrasound In Medicine And Biology`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheEuropeanFederationOfSocietiesForUltrasound In
Medicine And Biology (the Trust) for the year ended 31 December 2024.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewiththe requirements
of the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Jonathan Askew FCA
```
```
Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
```
```
London
SW19 4EU
```
```
2 April 2025
```
```
-7-
```
## **`THE EUROPEAN FEDERATION OF SOCIETIES FOR ULTRASOUND IN MEDICINE AND BIOLOGY`**
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`3`
`129,967`
`Other trading activities`
`4`
`60,851`
`Investment income`
`5`
`7,467`
**`Total`**
`198,285`
**`EXPENDITURE ON`**
**`Charitable activities`**
`6`
`General activities`
`170,343`
`Net gains on investments`
`6,835`
**`NET INCOME/(EXPENDITURE)`**
`34,777`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`440,189`
**`TOTAL FUNDS CARRIED FORWARD`**
`474,966`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`3,011`
`3,011`|`2024`
`Total`
`funds`
`£`
`129,967`
`60,851`
`7,467`
`198,285`
`170,343`
`6,835`
`34,777`
`443,200`
`477,977`|`2023`
`Total`
`funds`
`£`
`107,764`
`13,831`
`4,524`
`126,119`
`145,756`
`616`
`(19,021)`
`462,221`
`443,200`|
|---|---|---|---|
```
The notes form part of these financial statements
```
```
-8-
```
## **`THE EUROPEAN FEDERATION OF SOCIETIES FOR ULTRASOUND IN MEDICINE AND BIOLOGY`**
## **`BALANCE SHEET`**
## **`31 DECEMBER 2024`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`10`
`939`
`Investments`
`11`
`224,180`
`225,119`
**`CURRENT ASSETS`**
`Debtors`
`12`
`44,959`
`Cash at bank`
`247,109`
`292,068`
**`CREDITORS`**
`Amounts falling due within one year`
`13`
`(42,221)`
**`NET CURRENT ASSETS`**
`249,847`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`474,966`
**`NET ASSETS`**
`474,966`
**`FUNDS`**
`14`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`3,011`
`3,011`
`-`
`3,011`
`3,011`
`3,011`|`2024`
`Total`
`funds`
`£`
`939`
`224,180`
`225,119`
`44,959`
`250,120`
`295,079`
`(42,221)`
`252,858`
`477,977`
`477,977`
`474,966`
`3,011`
`477,977`|`2023`
`Total`
`funds`
`£`
`1,253`
`141,191`
`142,444`
`6,435`
`339,041`
`345,476`
`(44,720)`
`300,756`
`443,200`
`443,200`
`440,189`
`3,011`
`443,200`|
|---|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon2April2025andweresignedon its
behalf by:
```
```
Prof A Lim - Trustee
```
```
The notes form part of these financial statements
```
```
-9-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`1. GENERAL INFORMATION`**
```
ThecharityisaUKbasedcharitabletrust.TheaddressofitsregisteredofficeisPOBox72718,Wimbledon, London,
SW19 9HD. The registered number of the charity is 1016118.
```
```
Thefinancialinformationpresentedisfortheyearended31December.Thepresentationcurrencyofthe financial
statements is the Pound Sterling (£). Monetary amounts in the financial statements are rounded to the nearest Pound (£).
```
## **`2. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedin accordance
withtheCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
andRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshave been
preparedunderthehistoricalcostconvention,withtheexceptionofinvestmentswhichareincludedatmarketvalue, as
modified by the revaluation of certain assets.
```
## **`Going concern`**
```
Thetrusteesconsiderthattherearenomaterialuncertaintiesaboutthecharity'sabilitytocontinueasagoing concern.
Infutureyears,thekeyriskstothecharityareafallinincome.Thetrusteeshaveaseriesofmeasuresto control,
mitigate and minimise the effects of a fall in income, including a prudent reserves policy.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharityhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancialstatements, as
permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharity to
thatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Computer equipment- 25% on reducing balance
```
## **`Fixed asset investments`**
```
Listedinvestmentsareinitiallyrecognisedattransactionpriceandsubsequentlymeasuredatfairvaluewithreference to
market value. Both realised and unrealised gains are recognised in the statement of financial activities.
```
## **`Foreign currencies`**
```
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingattherateofexchangerulingat the
dateoftransaction.Exchangedifferencesarerecognisedinexpenditureoncharitableactivitiesinthestatement of
financial activities.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
```
-10-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`2. ACCOUNTING POLICIES - continued`**
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
## **`Financial instruments`**
```
Thecharityonlyhasfinancialinstrumentsofakindthatqualifyasbasicfinancialinstruments.Basicfinancial instruments
are initially recognised at transaction value and subsequently measured at their settlement value.
```
## **`Investments`**
```
Investmentsarestatedatfairvalue.IncomearisingontheinvestmentsisshownunderInvestmentIncomein the
Statement of Financial Activities.
```
```
Gains and losses on investment assets disposed of in the year are shown as realised gains and losses in the
Statement of Financial Activities.
```
```
Gainsandlossesoninvestmentassetsheldattheyear-endareunrealisedandarealsoshownintheStatement of
Financial Activities.
```
## **`Cash at bank`**
```
Cashatbankincludesbankdepositsandshorttermhighlyliquidinvestmentswithashortmaturityofthreemonths or
less from the date of acquisition or opening of the deposit or similar account.
```
## **`Debtors`**
```
Tradeandotherdebtorsarerecognisedatthesettlementamountdue.Prepaymentsarerecognisedattheinvoiced cost
prepaid.
```
## **`Creditors`**
```
Creditorsarerecognisedwhenthecharityhasapresentobligationresultingfromapasteventthatwillprobablyresults in
thetransferoffundstoathirdpartyandtheamountduetosettletheobligationcanbemeasuredorestimated reliably.
Creditors are normally recognised at the settlement amount.
```
## **`Impairment`**
```
Assetsnotmeasuredatfairvaluearereviewedforanyindicationthattheassetmaybeimpairedateachbalance sheet
date.Ifsuchindicationexists,therecoverableamountoftheasset,ortheasset'scashgeneratingunit,isestimated and
comparedtothecarryingamount.Wherethecarryingamountexceedsitsrecoverableamount,animpairmentloss is
recognisedinprofitorlossunlesstheassetiscarriedatarevaluedamountwheretheimpairmentlossisa revaluation
decrease.
```
## **`3.`**
## **`DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
||`2024`|`2023`|
||`£`|`£`|
|`Subscriptions`|`129,967`|`107,764`|
```
-11-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`4. OTHER TRADING ACTIVITIES`**
|`2024`
`£`
`Euroson schools, congresses and similar`
`33,349`
`CEUS income`
`27,502`
`60,851`
**`5.`**
**`INVESTMENT INCOME`**
`2024`
`£`
`Investment income`
`7,467`
**`6.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Support`
`Direct`
`costs (see`
`Costs`
`note 7)`
`£`
`£`
`General activities`
`152,479`
`17,864`
**`7.`**
**`SUPPORT COSTS`**
`Information`
`Governance`
`Management`
`Finance`
`technology`
`costs`
`£`
`£`
`£`
`£`
`General activities`
`85`
`14,765`
`314`
`2,700`|`2023`
`£`
`3,978`
`9,853`
`13,831`
`2023`
`£`
`4,524`
`Totals`
`£`
`170,343`|`2023`
`£`
`3,978`
`9,853`|
|---|---|---|
|||`13,831`|
||`Totals`
`£`
`17,864`||
```
IncludedinGovernancecostsarefees(excludingirrecoverableVAT)totheindependentexaminerof£1,050for the
independent examination and £1,650 (including irrecoverable VAT) for accountancy services.
```
```
Support costs, included in the above, are as follows:
```
## **`Finance`**
|**`Finance`**|||
|---|---|---|
||`2024`|`2023`|
||`General`|`Total`|
||`activities`|`activities`|
||`£`|`£`|
|`Bank charges`|`635`|`673`|
|`Loss/(gain) on foreign exchange`|`14,130`|`6,145`|
||`14,765`|`6,818`|
```
-12-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`8. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norfortheyear ended
31 December 2023.
```
## **`Trustees' expenses`**
```
The trustees were reimbursed a total of £861 (2023 - £688) for expenses incurred on behalf of the charity.
```
## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
## **`10.`**
|`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`107,764`
`Other trading activities`
`13,831`
`Investment income`
`4,524`
**`Total`**
`126,119`
**`EXPENDITURE ON`**
**`Charitable activities`**
`General activities`
`145,756`
`Net gains on investments`
`616`
**`NET INCOME/(EXPENDITURE)`**
`(19,021)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`459,210`
**`TOTAL FUNDS CARRIED FORWARD`**
`440,189`
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 January 2024 and 31 December 2024`
**`DEPRECIATION`**
`At 1 January 2024`
`Charge for year`
`At 31 December 2024`
**`NET BOOK VALUE`**
`At 31 December 2024`
`At 31 December 2023`|`Restricted`
`Total`
`fund`
`funds`
`£`
`£`
`-`
`107,764`
`-`
`13,831`
`-`
`4,524`
`-`
`126,119`
`-`
`145,756`
`-`
`616`
`-`
`(19,021)`
`3,011`
`462,221`
`3,011`
`443,200`
`Computer`
`equipment`
`£`
`25,786`
`24,533`
`314`
`24,847`
`939`
`1,253`|
|---|---|
```
-13-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`11. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||`Listed`|
||`investments`|
||`£`|
|**`MARKET VALUE`**||
|`At 1 January 2024`|`141,191`|
|`Additions`|`76,154`|
|`Revaluations`|`6,835`|
|`At 31 December 2024`|`224,180`|
|**`NET BOOK VALUE`**||
|`At 31 December 2024`|`224,180`|
|`At 31 December 2023`|`141,191`|
```
Investments are held in the M&G Charibond Charities Fixed Interest Fund and Schroders Charity Multi-Asset Fund.
```
```
Cost or valuation at 31 December 2024 is represented by:
```
|||`Listed`|
|---|---|---|
|||`investments`|
|||`£`|
|`Valuation in`|`2021`|`(2,559)`|
|`Valuation in`|`2022`|`(5,760)`|
|`Valuation in`|`2023`|`616`|
|`Valuation in`|`2024`|`6,835`|
|`Cost`||`225,048`|
|||`224,180`|
## **`12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|
|`Trade debtors`
`Prepayments and accrued income`|`2024`
`£`
`32,432`
`12,527`
`44,959`|`2023`
`£`
`6,435`
`-`|
|||`6,435`|
```
-14-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
## `Other creditors`
|`2024`|`2023`|
|---|---|
|`£`|`£`|
|`42,221`|`44,720`|
## **`Funds held as agents`**
```
Includedinothercreditorsarefundsheldasagents.TheannualCEUSSchoolheldinMunich,Germanyreceives the
invoicedassistanceofEFSUMBadministrationtoraisesponsorshipandreimbursespeakers.Thebalancecarried forward
is held by EFSUMB as a fund for the course organisers.
```
```
The movement in funds held as agents during the year were as follows:
```
|`The movement in funds held as agents during the year were as follows:`|||
|---|---|---|
||**`£ 2024`**|**`£ 2023`**|
|`Balance brought forward`|`17,875`|`17,899`|
|`Income`|`23,812`|`20,008`|
|`Expenditure`|`(24,912)`|`(19,720)`|
|`Year end foreign currency translation`|`(618)`|`(312)`|
||||
||`16,157`|`17,875`|
||||
## **`14. MOVEMENT IN FUNDS`**
|**`MOVEMENT IN FUNDS`**|||||
|---|---|---|---|---|
||||`Net`||
||||`movement`|`At`|
|||`At 1/1/24`|`in funds`|`31/12/24`|
|||`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`||`440,189`|`34,777`|`474,966`|
|**`Restricted funds`**|||||
|`Therese Planiol Fund`||`3,011`|`-`|`3,011`|
|**`TOTAL FUNDS`**||`443,200`|`34,777`|`477,977`|
|`Net movement in funds, included in the above are as follows:`|||||
||`Incoming`|`Resources`|`Gains and`|`Movement`|
||`resources`|`expended`|`losses`|`in funds`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`198,285`|`(170,343)`|`6,835`|`34,777`|
|**`TOTAL FUNDS`**|`198,285`|`(170,343)`|`6,835`|`34,777`|
```
-15-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`14. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Therese Planiol Fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1/1/23`
`in funds`
`31/12/23`
`£`
`£`
`£`
`459,210`
`(19,021)`
`440,189`
`3,011`
`-`
`3,011`
`462,221`
`(19,021)`
`443,200`|`Net`
`movement`
`At`
`At 1/1/23`
`in funds`
`31/12/23`
`£`
`£`
`£`
`459,210`
`(19,021)`
`440,189`
`3,011`
`-`
`3,011`
`462,221`
`(19,021)`
`443,200`|
|---|---|---|
|||`443,200`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
`126,119`
`(145,756)`
`126,119`
`(145,756)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`616`
`(19,021)`
`616`
`(19,021)`|
|---|---|---|
```
TheThérèsePlaniolfundisprovidedbytheFrenchUltrasoundSocietyforaFrenchSocietynominatedThérèse Planiol
lecture to be held at a EUROSON Congress and is provided to cover travel and accommodation costs.
```
## **`15. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2024.
```
```
-16-
```
```
REGISTERED CHARITY NUMBER: 1016118
```
## **`REPORT OF THE TRUSTEES AND`**
## **`FINANCIAL STATEMENTS`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`FOR`**
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
```
```
27-37 St George's Road
Wimbledon
London
SW19 4EU
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
```
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 16
**----- End of picture text -----**
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2024.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
EFSUMB's objectives are to:
```
```
- promote the science, the research and development of ultrasound in Medicine and Biology and to publish the results of research
```
```
- to propose standards and to give advice concerning criteria for optimum equipment and techniques and clinical applications
-toarrangecongressesandstudyanddevelopmentmeetingsonaninternationallevelbothinandoutsideEuropebythe member
organisations,includingorganising,inco-operationwithalocalcommittee,aEuropeanorWorldCongressforultrasound in
Medicine and Biology (WFUMB)
```
```
-toworkwithorganisationswithsharedobjectivestoharmoniseguidelinesandtofosteracloserrelationshipaimedat promoting
the best of education in ultrasound across the European community
```
```
-torepresenttheinterestsofitsmembershipinWFUMBandinanyotherinternationalorganisationwhosepurposes are
consistent with those of EFSUMB.
```
## **`Public benefit`**
```
Thetrusteeshavecompliedwiththedutyinsection17oftheCharitiesAct2011tohavedueregardtopublicbenefit guidance
published by the Charities Commission.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Research activities`**
```
Thoracic Ultrasound - Training Recommendations, a Position Paper has been submitted to UMB in 2024.
```
```
The following papers are submitted or work in progress for publication in 2025:
```
`1. Professional Standards in Thoracic Ultrasound`
`2. Multiparametric Ultrasound Small Parts (Thyroid (two parts), Testis)`
`3. Professional Standards in Medical Ultrasound 'Who is doing your scan'`
`4. Point of Care Ultrasound (POCUS) for Primary Care Users`
`5. Curriculum for Sonographers`
`6. Point of Care Ultrasound Emergency Medicine`
`7. Live Scanning at Exhibitions Policy Document`
```
Joint guidelines with WFUMB under discussion:
```
```
1.UpdateofTheEFSUMBGuidelinesandRecommendationsfortheClinicalPracticeofContrast-EnhancedUltrasound(CEUS) in
Non-Hepatic Applications Published 2017
```
`2. Fusion Imaging`
`3. Multiparametric Ultrasound - Breast`
`4. Multiparametric Liver`
`5. Multiparametric Pancreas`
```
-1-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## `Safety Statements in US`
```
Safety Data - average 19,274 visits per month
Top visits in this section
```
`1. The use of ultrasound for cosmetic or aesthetic body shaping (2024)`
`2. Recommendations and Information about regulatory aspects related to the use of hand-held ultrasound devices [revised 2021]`
`3. Doppler ultrasound devices - Safety Aspects - Update 2022`
`4. Best Practice recommendations for cleaning and disinfection of ultrasound transducers whilst maintaining transducer integrity [2021]`
`5. Best Practice Guidance for the Safe use of Doppler Ultrasound [Last revision 2021]`
`6. EFSUMB Recommendations on Non-Medical Use of Imaging Ultrasound [Last revision 2021]`
```
TheSafetyCommitteehasarepresentativeinWFUMBandisinvolvedindrawingtoaconclusiontheharmonisationof safety
guidelines between the international Federations.
```
## `Courses and Congresses`
```
TheEUROSON2024tookplaceinNaples,ItalyinNovember2024with1425attendeesfrom50countries.Ahighly successful
StudentUltrasoundCongress(STUC)organisedbythestudentsthemselvesandaSonoCavewiththemedultrasoundhands on
trainingwithexperts.ThenextCongresstakesplaceinLublin,Poland11-14June2026.EFSUMBagainwithan incorporated
StudentUltrasoundCongress,SonoCaveandtheYoungInvestigatorsessiontofindthebestclinicaland/ortechnical presentation.
TheclinicalpresentationatEUROSON2024willcompetefortheWFUMBYoungInvestigatorprizeatWFUMB2025Kyoto, Japan.
Therewillbenocongressin2025asEFSUMBmovestobiennialcongresses(alternatingwithWFUMB)buttheStudent Ultrasound
CongressisplannedforBerlin,Germany4-6September2025.Ifsuccessful,thiswilltakeplaceinyearsalternatingwith the
EFSUMB Congress.
```
```
AlloftheEurosonSchoolsproceededasplannedwithtopicsrangingfromCEUS,Musculoskeletal,Paediatric CEUS,
GastrointestinalUltrasound,andPointofCareUltrasound.EndorsedCoursesproceededasplannedofferingspecialisteducation in
head and neck ultrasound, neonatal ultrasound and an interventional Cadaver Course.
```
```
All committee meetings continue to be held online except when a congress is taking place.
```
## `Online Education`
```
EFSUMBcontinuestooffereducationalwebinars.ThetraditionofContrastEnhancedUltrasoundwebinarswithsupport from
Braccoiscontinuedwith2focusingonEuropeanresearchand2onChineseresearchdevelopments.Anewseriesof CEUS
courseswaslaunchedfeaturingoneChineseandoneEuropeanspeakerineachwebinaronaspecifictopicsharing international
perspectives.TheChineseteamledbyProfXieatSunYatSenUniversitytranslatethepresentationsintoMandarinandthese are
on the website with subtitles in the webinar archive section. The online recordings attract a lot of interest.
```
## `Cooperation with international organisations and Industry`
```
ThecooperationagreementwithEuropeanSocietyofRadiologyhasbeenrenewedandajointESR/EFSUMBUltrasound focused
sessionwasheldin2024whichwaswellreceived.ESRisconsideringanUltrasoundDiplomatowhichEFSUMBishopingto be
invited to contribute to the curriculum.
```
```
TheagreementwithUnitedEuropeanGastroenterologyisbeingrenewedfollowinganothersuccessfulUltrasoundLearning Area
atUEGWeekwhichhasattractedmoreattendeesthaninpastyearstothelectureseriesfollowedbyhands-onsessions with
machines loaned by industry. EFSUMB is also involved in the UEG ultrasound summer school which is oversubscribed.
ESNCHprovidessessiononneurosonologyatEUROSON2024andforthefirsttimeEFSUMBsenttwospeakerswith vascular
expertise to the ESNCH congress in Spain in August.
```
```
The objective is to co-ordinate research and guidelines and promote each organisations' activities at congresses.
```
```
EFSUMBcontinuestocooperatebysharinginformationonEFSUMBactivitieswithIndustrypartnerstoencourage financial
supportofwebinars,congressesandschools.AnIndustrialBoardMeetingwithIndustryrepresentativestookplaceduring the
congress. The discussion on an industry sponsored technology corner on the EFSUMB website has stalled with limited interest.
```
```
TheEFSUMBNewsletterispublishedineachissueofUiM/EJU(sixtimesperyear)withinformationonEFSUMBactivities. The
PublicationCommitteeJournalClubreceivescontributionsonrecentlypublishedarticleswhicharereviewedandrecommended as
relevant to members. eNewsletters are emailed up to four times a year to alert members to current activities.
```
```
-2-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## `EFSUMB Website`
```
TheEFSUMBwebsitecontinuestoseeincreasedvisitornumberswithamonthlyaverageof188,813visitors.Asin2023 the
webinararchiveisthemostviewedsitefollowedbyEFSUMBGuidelinesandRecommendationsandthenthefreely downloadable
EFSUMBUltrasoundBook.Individualmembers,whichnumbered312in2024,signuptoaccessthewebsiteandbenefit from
congressregistrationreductions.Differentratesareofferedforstudentmembershipandlow-incomecountriesalongwith a
discount for 5-year membership.
```
```
RegularstatisticalanalysisisconductedtounderstandtheinterestsofEFSUMBwebsiteusers.Thisinformation encourages
EFSUMBtomaketheseareasapriority.ThemainvisitortrafficisfromtheUnitedStatesofAmericafollowedbyChina, UK,
Taiwan, Italy, Russian Federation, India, Japan, Germany and Romania.
Social media is being utilized:
```
## `FACEBOOK`
```
Post engagement is up by 16% this quarter, weekly total reach is up to 467%
```
## `X`
```
TweetscontinuetobepublisheddailyjustliketheFacebookpage.ContentisastreamlinedversionofFacebookentriesdue to
character limit. Tweets popularity is up by 93%
```
## `LINKEDIN`
```
ThepopularityratingonLinkedInhasincreasedby92%overthelast4monthswithpostimpressionsincreasingover30%- we
arewideningourconnectionswithover2058andgainingmoreofafollowing.Ourcontentisbeingsharedmorewidelyacross the
network as our connections widen.
```
## `Instagram`
```
WehavemadegreatprogresswithInstagramoverthepast4monthswithmanypeoplefollowing,likingandsharingour posts
worldwide. We in turn are sharing our affiliate and partnership posts so we are all helping each other to make a greater impact.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Totalincomewas£198,285(2023£126,119)andtotalexpenditurewas£170,343(2023£145,756).Netgainson investments
were£6,835(2023£616surplus).In2024EFSUMBincurredasurplusof£34,777(2023EFSUMBincurredadeficitof £19,021
largely as a result of the costs related to EUROSON 2023).
```
```
Membershipattheendof2024totalled16914withthevastmajorityfromthe28NationalSocieties(Greecehasbeen suspended
fornon-paymentofthe2024membershipfees),theSwissSociety(total680)whichisanAffiliateSocietyand individual
membershipaccountingfor312.TheBoardofDelegatesagreedtowaivethefeesfortheUkrainianSocietyfor2024and will
continuetodosofortheforeseeablefuture.TheRussianFederationmadethemembershippaymentstransfersontwo separate
occasions which were returned by the bank without any reference to EFSUMB.
```
```
EFSUMBcontinuestopromoteSchoolsandCoursesonlineforasmallfeetocoverthecostsofpromotiononsocialmediaand the
website.EFSUMBisadjustingtoreducedincomebyencouragingnewNationalSocietiesandindividualmemberstojoin and
continuing to use the strategies imposed by the pandemic such as use of online meetings.
```
```
ThedirectexpenditurerelatingtotheSociety'sactivitiesincludethestable(virtual)officeandwebsitecosts,followedbythe 1.5
USDforeachEFSUMBmemberpaidtoWFUMB.2025maycontinuetoseeacontinuedreductionincostsbysupporting EFSUMB
CommitteemeetingsonlinebutcommitteeandofficerattendanceattheEUROSONcongresswillbeencouragedandsupported in
2025andtheStudentSummerSchoolorganizedbytheEFSUMBSecretariatwithindustrysupportandEFSUMBsupportfor the
Student Tutors.
```
## **`Investment policy and objectives`**
```
Thetrustees’investmentpolicyissofaraspossible,tomaintainandincreasetherealvalueofcapital,whilstgeneratinga stable
and sustainable return to fund grant activities.
```
```
InvestmentsareheldinM&GCharibondCharitiesFixedInterestFundincomeunitsandSchrodersCazenoveCharity Multi-Asset
Fund accumulation units.
```
```
-3-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
EFSUMBholdsassetsofapproximately£478,000whichisequivalenttoapproximatelythreeyearsadministrationcostsiffor any
reasonincomesourceswereremoved.ThisreserveismaintainedtoensurethattheFederationcancontinueforafurther three
years using these funds to continue the work in progress and restructure to a new situation if the situation required this.
```
## **`FUTURE PLANS`**
```
TheplansforthefutureperiodincludecontinuationofGuidelinesprojectsandupdatesofotherexistingguidelines. Increased
onlinematerialwillbemadeavailabletomembersincludingschoolrecordingswheresponsored,safetystatementsand position
papers.TheEUROSON2026congresswillseeafullprogrammeoflecturesandsessionsinawiderangeoftopics, from
ElastographytoPOCUSaswellastheStudentCongressandSonoCavesupportedwithloanedindustryultrasoundmachines and
simulators.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
```
## **`Organisational structure`**
```
The European Federation of Societies for Ultrasound in Medicine and Biology (EFSUMB) is a
```
```
RegisteredUKCharitynumber1016118withtheAdministrativeOffice,POBox72718LondonSW199HD.The registered
Trustees,ProfPaulSidhu,ProfAdrianLimandProfCamelMoranarebasedintheUKandhaveparticipatedduringthis reporting
period and within EFSUMB Meetings and are cognisant with EFSUMB policy.
```
```
EFSUMBisgovernedbyitsupdatedConstitutionandBylawswhichdeterminesthestructureoftheFederationandis observed
withelectionsheldeverytwoyearswhichwillbeheldelectronicallyin2025.Thesearereviewedfromtimetotime and
amendmentsproposede.g.ItwasagreedthatthereshouldbeaseparationbetweentheExecutiveandBoardofDelegates in
ordertoincreasechecksandbalancesandgivecorporategovernancerealintegritywhichwasapprovedbytheBoard of
Delegates at EUROSON 2024.
```
```
NominationsarerequestedfromallthememberNationalSocieties.Inordertoincreasetherepresentationofsmaller Societies
withinEFSUMBCommittees,membersmaybeco-optedwhohavebeenunsuccessfulintheelectionorwhohaveskillsthat are
required within the Committees.
```
```
TheadministrativedecisionsaretakenbytheExecutiveBureauwithfiveelectedpositions,President,PresidentElect, Past
President,HonorarySecretaryandTreasurerandtwoco-optedmembers,currentlyaGeneralPractitionerand Radiologist.
SpecialistcommitteesexistforEducationandProfessionalStandards,Publications,SafetyandStudentmatters.Dayto day
administrationiscarriedoutbytheExecutiveSecretaryandawebsiteAdministratoraccountabletotheExecutiveBureau in
accordancewiththeConstitution.TheremunerationoftheseworkersistheremitoftheExecutiveBureauandis reviewed
annually in the context of similar operating organisations and following a review of their efficiency and performance.
```
```
TheEFSUMBGuidelinesApphasfacedproblemswiththeAppstoreasthecontentisavailabletobefreelydownloadedby all
ultrasoundusersfromthewebsite.EFSUMBhaspromotedtwoimportantguidelinesforinclusionintheUnited European
Gastroenterologists (UEG) App.
```
```
-4-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Decision making`**
```
TheadministrativedecisionsaretakenbytheExecutiveBureauwithfiveelectedpositions,President,PresidentElect, Past
President,HonorarySecretaryandTreasurerandtwoco-optedmembers,currentlyaGeneralPractitionerand Radiologist.
SpecialistcommitteesexistforEducationandProfessionalStandards,Publications,SafetyandStudentmatters.Dayto day
administrationiscarriedoutbytheExecutiveSecretaryandawebsiteAdministratoraccountabletotheExecutiveBureau in
accordancewiththeConstitution.TheremunerationoftheseworkersistheremitoftheExecutiveBureauandis reviewed
annually in the context of similar operating organisations and following a review of their efficiency and performance.
```
```
TheEFSUMBGuidelinesAppisnowavailabletobefreelydownloadedbyallultrasoundusers.EFSUMBhasalsopromoted two
importantguidelinesforinclusionintheUnitedEuropeanGastroenterologists(UEG)App.In2024theAppwillinvitethe World
Federation of Ultrasound in Medicine and Biology and its Federation members to share their guidelines on the App.
```
## **`Reference and administrative details`**
```
TheTrusteesdelegatetheday-to-dayadministrativemanagementofthecharitytotheGeneralSecretary(atthetimeof writing
thisreport)MrsLynneRuddwhohasservedinthiscapacitysince2009.FrequentmeetingsareheldbytheExecutiveBureau to
whomtheGeneralSecretaryisaccountable.ThewebsiteAdministrator,MrsSuzanneCainofKosmosDesignhasservedin this
capacity since 2008 and is accountable to the General Secretary in the first instance.
```
```
TheGeneralSecretaryliaiseswiththeaccountantandIndependentExaminertoproducetheannualfinancialreport. Hartley
Fowler LLP, Tuition House, 27/37 St George's Road, Wimbledon SW19 4EU.
```
## **`Exemptions from disclosure`**
```
NoexemptionsfromdisclosureareclaimedastherearenopaymentstoTrusteesorEFSUMBcommitteemembersexcept for
necessarily incurred expenses which are reimbursed according to EFSUMB approved policy.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
```
1016118
```
## **`Principal address`**
```
P O Box 72718
Wimbledon
London
SW19 9HD
```
## **`Trustees`**
|**`Trustees`**||
|---|---|
|`Prof Paul Sidhu`|`Trustee and past president`|
|`London, UK`||
|`Prof Adrian Lim`|`Trustee and co-opted ExB member`|
|`London, UK`||
|`Prof Carmel Moran`|`Trustee and safety committee member`|
|`Edinburgh, UK`||
## **`Independent Examiner`**
```
Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU
```
```
-5-
```
```
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`THE EUROPEAN FEDERATION OF SOCIETIES FOR ULTRASOUND IN MEDICINE AND BIOLOGY`**
## **`REPORT OF THE TRUSTEES`**
## **`FUNDS HELD AS CUSTODIAN FOR OTHERS`**
```
EFSUMBisthecustodiantrusteeforanendowmentfundprovidedbytheFrenchUltrasoundSocietyforaFrench Society
nominatedThérèsePlaniollecturetobeheldataEUROSONCongressandisprovidedtocovertravelandaccommodation. The
fund currently stands at £3,011.
```
```
TheannualCEUSSchoolheldinMunich,GermanyreceivestheassistanceofEFSUMBwithafeetoEFSUMBof1000euro for
administration to raise sponsorship and reimburse speakers.
```
```
Abalancefromthe2024MunichCEUSSchoolof£16,157iscarriedforwardto2025(withunpaidindustryinvoicesof7,500 euro)
and held by EFSUMB as a restricted fund for the course organisers Prof Dirk Clevert and Prof Hans-Peter Weskott.
```
```
Approved by order of the board of trustees on 2 April 2025 and signed on its behalf by:
```
```
Prof A Lim - Trustee
```
```
-6-
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`Independent examiner's report to the trustees of The European Federation Of Societies For Ultrasound In Medicine And Biology`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheEuropeanFederationOfSocietiesForUltrasound In
Medicine And Biology (the Trust) for the year ended 31 December 2024.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewiththe requirements
of the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Jonathan Askew FCA
```
```
Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
```
```
London
SW19 4EU
```
```
2 April 2025
```
```
-7-
```
## **`THE EUROPEAN FEDERATION OF SOCIETIES FOR ULTRASOUND IN MEDICINE AND BIOLOGY`**
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`3`
`129,967`
`Other trading activities`
`4`
`60,851`
`Investment income`
`5`
`7,467`
**`Total`**
`198,285`
**`EXPENDITURE ON`**
**`Charitable activities`**
`6`
`General activities`
`170,343`
`Net gains on investments`
`6,835`
**`NET INCOME/(EXPENDITURE)`**
`34,777`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`440,189`
**`TOTAL FUNDS CARRIED FORWARD`**
`474,966`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`3,011`
`3,011`|`2024`
`Total`
`funds`
`£`
`129,967`
`60,851`
`7,467`
`198,285`
`170,343`
`6,835`
`34,777`
`443,200`
`477,977`|`2023`
`Total`
`funds`
`£`
`107,764`
`13,831`
`4,524`
`126,119`
`145,756`
`616`
`(19,021)`
`462,221`
`443,200`|
|---|---|---|---|
```
The notes form part of these financial statements
```
```
-8-
```
## **`THE EUROPEAN FEDERATION OF SOCIETIES FOR ULTRASOUND IN MEDICINE AND BIOLOGY`**
## **`BALANCE SHEET`**
## **`31 DECEMBER 2024`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`10`
`939`
`Investments`
`11`
`224,180`
`225,119`
**`CURRENT ASSETS`**
`Debtors`
`12`
`44,959`
`Cash at bank`
`247,109`
`292,068`
**`CREDITORS`**
`Amounts falling due within one year`
`13`
`(42,221)`
**`NET CURRENT ASSETS`**
`249,847`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`474,966`
**`NET ASSETS`**
`474,966`
**`FUNDS`**
`14`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`3,011`
`3,011`
`-`
`3,011`
`3,011`
`3,011`|`2024`
`Total`
`funds`
`£`
`939`
`224,180`
`225,119`
`44,959`
`250,120`
`295,079`
`(42,221)`
`252,858`
`477,977`
`477,977`
`474,966`
`3,011`
`477,977`|`2023`
`Total`
`funds`
`£`
`1,253`
`141,191`
`142,444`
`6,435`
`339,041`
`345,476`
`(44,720)`
`300,756`
`443,200`
`443,200`
`440,189`
`3,011`
`443,200`|
|---|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon2April2025andweresignedon its
behalf by:
```
```
Prof A Lim - Trustee
```
```
The notes form part of these financial statements
```
```
-9-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`1. GENERAL INFORMATION`**
```
ThecharityisaUKbasedcharitabletrust.TheaddressofitsregisteredofficeisPOBox72718,Wimbledon, London,
SW19 9HD. The registered number of the charity is 1016118.
```
```
Thefinancialinformationpresentedisfortheyearended31December.Thepresentationcurrencyofthe financial
statements is the Pound Sterling (£). Monetary amounts in the financial statements are rounded to the nearest Pound (£).
```
## **`2. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedin accordance
withtheCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
andRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshave been
preparedunderthehistoricalcostconvention,withtheexceptionofinvestmentswhichareincludedatmarketvalue, as
modified by the revaluation of certain assets.
```
## **`Going concern`**
```
Thetrusteesconsiderthattherearenomaterialuncertaintiesaboutthecharity'sabilitytocontinueasagoing concern.
Infutureyears,thekeyriskstothecharityareafallinincome.Thetrusteeshaveaseriesofmeasuresto control,
mitigate and minimise the effects of a fall in income, including a prudent reserves policy.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharityhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancialstatements, as
permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharity to
thatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Computer equipment- 25% on reducing balance
```
## **`Fixed asset investments`**
```
Listedinvestmentsareinitiallyrecognisedattransactionpriceandsubsequentlymeasuredatfairvaluewithreference to
market value. Both realised and unrealised gains are recognised in the statement of financial activities.
```
## **`Foreign currencies`**
```
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingattherateofexchangerulingat the
dateoftransaction.Exchangedifferencesarerecognisedinexpenditureoncharitableactivitiesinthestatement of
financial activities.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
```
-10-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`2. ACCOUNTING POLICIES - continued`**
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
## **`Financial instruments`**
```
Thecharityonlyhasfinancialinstrumentsofakindthatqualifyasbasicfinancialinstruments.Basicfinancial instruments
are initially recognised at transaction value and subsequently measured at their settlement value.
```
## **`Investments`**
```
Investmentsarestatedatfairvalue.IncomearisingontheinvestmentsisshownunderInvestmentIncomein the
Statement of Financial Activities.
```
```
Gains and losses on investment assets disposed of in the year are shown as realised gains and losses in the
Statement of Financial Activities.
```
```
Gainsandlossesoninvestmentassetsheldattheyear-endareunrealisedandarealsoshownintheStatement of
Financial Activities.
```
## **`Cash at bank`**
```
Cashatbankincludesbankdepositsandshorttermhighlyliquidinvestmentswithashortmaturityofthreemonths or
less from the date of acquisition or opening of the deposit or similar account.
```
## **`Debtors`**
```
Tradeandotherdebtorsarerecognisedatthesettlementamountdue.Prepaymentsarerecognisedattheinvoiced cost
prepaid.
```
## **`Creditors`**
```
Creditorsarerecognisedwhenthecharityhasapresentobligationresultingfromapasteventthatwillprobablyresults in
thetransferoffundstoathirdpartyandtheamountduetosettletheobligationcanbemeasuredorestimated reliably.
Creditors are normally recognised at the settlement amount.
```
## **`Impairment`**
```
Assetsnotmeasuredatfairvaluearereviewedforanyindicationthattheassetmaybeimpairedateachbalance sheet
date.Ifsuchindicationexists,therecoverableamountoftheasset,ortheasset'scashgeneratingunit,isestimated and
comparedtothecarryingamount.Wherethecarryingamountexceedsitsrecoverableamount,animpairmentloss is
recognisedinprofitorlossunlesstheassetiscarriedatarevaluedamountwheretheimpairmentlossisa revaluation
decrease.
```
## **`3.`**
## **`DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
||`2024`|`2023`|
||`£`|`£`|
|`Subscriptions`|`129,967`|`107,764`|
```
-11-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`4. OTHER TRADING ACTIVITIES`**
|`2024`
`£`
`Euroson schools, congresses and similar`
`33,349`
`CEUS income`
`27,502`
`60,851`
**`5.`**
**`INVESTMENT INCOME`**
`2024`
`£`
`Investment income`
`7,467`
**`6.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Support`
`Direct`
`costs (see`
`Costs`
`note 7)`
`£`
`£`
`General activities`
`152,479`
`17,864`
**`7.`**
**`SUPPORT COSTS`**
`Information`
`Governance`
`Management`
`Finance`
`technology`
`costs`
`£`
`£`
`£`
`£`
`General activities`
`85`
`14,765`
`314`
`2,700`|`2023`
`£`
`3,978`
`9,853`
`13,831`
`2023`
`£`
`4,524`
`Totals`
`£`
`170,343`|`2023`
`£`
`3,978`
`9,853`|
|---|---|---|
|||`13,831`|
||`Totals`
`£`
`17,864`||
```
IncludedinGovernancecostsarefees(excludingirrecoverableVAT)totheindependentexaminerof£1,050for the
independent examination and £1,650 (including irrecoverable VAT) for accountancy services.
```
```
Support costs, included in the above, are as follows:
```
## **`Finance`**
|**`Finance`**|||
|---|---|---|
||`2024`|`2023`|
||`General`|`Total`|
||`activities`|`activities`|
||`£`|`£`|
|`Bank charges`|`635`|`673`|
|`Loss/(gain) on foreign exchange`|`14,130`|`6,145`|
||`14,765`|`6,818`|
```
-12-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`8. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norfortheyear ended
31 December 2023.
```
## **`Trustees' expenses`**
```
The trustees were reimbursed a total of £861 (2023 - £688) for expenses incurred on behalf of the charity.
```
## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
## **`10.`**
|`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`107,764`
`Other trading activities`
`13,831`
`Investment income`
`4,524`
**`Total`**
`126,119`
**`EXPENDITURE ON`**
**`Charitable activities`**
`General activities`
`145,756`
`Net gains on investments`
`616`
**`NET INCOME/(EXPENDITURE)`**
`(19,021)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`459,210`
**`TOTAL FUNDS CARRIED FORWARD`**
`440,189`
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 January 2024 and 31 December 2024`
**`DEPRECIATION`**
`At 1 January 2024`
`Charge for year`
`At 31 December 2024`
**`NET BOOK VALUE`**
`At 31 December 2024`
`At 31 December 2023`|`Restricted`
`Total`
`fund`
`funds`
`£`
`£`
`-`
`107,764`
`-`
`13,831`
`-`
`4,524`
`-`
`126,119`
`-`
`145,756`
`-`
`616`
`-`
`(19,021)`
`3,011`
`462,221`
`3,011`
`443,200`
`Computer`
`equipment`
`£`
`25,786`
`24,533`
`314`
`24,847`
`939`
`1,253`|
|---|---|
```
-13-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`11. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||`Listed`|
||`investments`|
||`£`|
|**`MARKET VALUE`**||
|`At 1 January 2024`|`141,191`|
|`Additions`|`76,154`|
|`Revaluations`|`6,835`|
|`At 31 December 2024`|`224,180`|
|**`NET BOOK VALUE`**||
|`At 31 December 2024`|`224,180`|
|`At 31 December 2023`|`141,191`|
```
Investments are held in the M&G Charibond Charities Fixed Interest Fund and Schroders Charity Multi-Asset Fund.
```
```
Cost or valuation at 31 December 2024 is represented by:
```
|||`Listed`|
|---|---|---|
|||`investments`|
|||`£`|
|`Valuation in`|`2021`|`(2,559)`|
|`Valuation in`|`2022`|`(5,760)`|
|`Valuation in`|`2023`|`616`|
|`Valuation in`|`2024`|`6,835`|
|`Cost`||`225,048`|
|||`224,180`|
## **`12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|
|`Trade debtors`
`Prepayments and accrued income`|`2024`
`£`
`32,432`
`12,527`
`44,959`|`2023`
`£`
`6,435`
`-`|
|||`6,435`|
```
-14-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
## `Other creditors`
|`2024`|`2023`|
|---|---|
|`£`|`£`|
|`42,221`|`44,720`|
## **`Funds held as agents`**
```
Includedinothercreditorsarefundsheldasagents.TheannualCEUSSchoolheldinMunich,Germanyreceives the
invoicedassistanceofEFSUMBadministrationtoraisesponsorshipandreimbursespeakers.Thebalancecarried forward
is held by EFSUMB as a fund for the course organisers.
```
```
The movement in funds held as agents during the year were as follows:
```
|`The movement in funds held as agents during the year were as follows:`|||
|---|---|---|
||**`£ 2024`**|**`£ 2023`**|
|`Balance brought forward`|`17,875`|`17,899`|
|`Income`|`23,812`|`20,008`|
|`Expenditure`|`(24,912)`|`(19,720)`|
|`Year end foreign currency translation`|`(618)`|`(312)`|
||||
||`16,157`|`17,875`|
||||
## **`14. MOVEMENT IN FUNDS`**
|**`MOVEMENT IN FUNDS`**|||||
|---|---|---|---|---|
||||`Net`||
||||`movement`|`At`|
|||`At 1/1/24`|`in funds`|`31/12/24`|
|||`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`||`440,189`|`34,777`|`474,966`|
|**`Restricted funds`**|||||
|`Therese Planiol Fund`||`3,011`|`-`|`3,011`|
|**`TOTAL FUNDS`**||`443,200`|`34,777`|`477,977`|
|`Net movement in funds, included in the above are as follows:`|||||
||`Incoming`|`Resources`|`Gains and`|`Movement`|
||`resources`|`expended`|`losses`|`in funds`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`198,285`|`(170,343)`|`6,835`|`34,777`|
|**`TOTAL FUNDS`**|`198,285`|`(170,343)`|`6,835`|`34,777`|
```
-15-
```
```
THE EUROPEAN FEDERATION OF SOCIETIES FOR
ULTRASOUND IN MEDICINE AND BIOLOGY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`14. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Therese Planiol Fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1/1/23`
`in funds`
`31/12/23`
`£`
`£`
`£`
`459,210`
`(19,021)`
`440,189`
`3,011`
`-`
`3,011`
`462,221`
`(19,021)`
`443,200`|`Net`
`movement`
`At`
`At 1/1/23`
`in funds`
`31/12/23`
`£`
`£`
`£`
`459,210`
`(19,021)`
`440,189`
`3,011`
`-`
`3,011`
`462,221`
`(19,021)`
`443,200`|
|---|---|---|
|||`443,200`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
`126,119`
`(145,756)`
`126,119`
`(145,756)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`616`
`(19,021)`
`616`
`(19,021)`|
|---|---|---|
```
TheThérèsePlaniolfundisprovidedbytheFrenchUltrasoundSocietyforaFrenchSocietynominatedThérèse Planiol
lecture to be held at a EUROSON Congress and is provided to cover travel and accommodation costs.
```
## **`15. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2024.
```
```
-16-
```