2025-06-30-accounts

Company registration number 01794511 (England and Wales) Charity registration number 289541 (England and Wales)

BRITISH MEDICAL ULTRASOUND SOCIETY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

BRITISH MEDICAL ULTRASOUND SOCIETY

CONTENTS

	Page
Trustees' report	1 - 14
Statement of trustees' responsibilities	15
Independent examiner's report	16 - 17
Statement of financial activities	18
Balance sheet	19
Notes to the financial statements	20 - 28

BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles , the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"(effective 1 January 2019).

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

The trustees of the charity, who are also the directors of the company, are the Officers and other elected members of the Council of the Society as shown below. Council is the Society's governing body and consists of the Trustees as well as co-opted and ex-officio members. The members of Council which have held office since 1 July 2024 are as follows:

Officers Dr P Cantin President (from December 2024) Prof A Lim President (from December 2022- December 2024)

Mrs C Kirkpatrick President-Elect (from December 2024) Dr P Cantin President-Elect (from December 2022- December 2024)

Dr Ruth Reeve Development Officer (from December2024) Mrs C Kirkpatrick Development Officer (from December 2018 – December 2024)

Dr Sian Curtis Honorary Secretary (from December 2022)

Dr Jeanette Kraft Honorary Treasurer (from December 2024) Dr Piero Miloro Honorary Treasurer (from December 2022 – December2024)

Elected members

Mr Colin Griffin (appointed January 2025 until December 2027) Dr Nigel Grunshaw (appointed January 2021, re-elected until December 2025) Dr Robert Jarman (appointed January 2025 until December 2027) Mr Andrew Lee (appointed January 2023 until December 2025) Dr Pauline Mitchell (appointed January 2023 until December 2025) Mr Stephen Moore (appointed January 2022 until December 2024, re-elected until December 2026) Ms Shaunna Smith (appointed January 2022 until December 2024) Dr Prashant Verma (appointed January 2025 until December 2027)

Ex-officio members

Mr Colin Griffin Senior Editor of the Journal (appointed December 2021, re-appointed December 2023) Dr P Verma Chair of Physics & Safety Committee (appointed December 2020) Dr Barry Ward Chair of the 2023 ASM Organising Committee

Co-opted Members

Dr Robin Hughes (appointed December 2021)

The principal address of the charity and the registered office of the company are at 27 Old Gloucester Street, London WC1N 3AX. The charity is registered under the charity number 289541, and the company is incorporated with the company registration number 01794511.

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Objectives and activities

REFERENCE AND ADMINISTRATIVE DETAILS ( Continued)

Advisers

The trustees have made the following professional appointments:

Solicitor: McCloy Legal, 4 The Shambles, Bradford on Avon, Wiltshire BA 15 1JS Accountant: SBM & Co, Freedman House, Christopher Wren Yard, 117 High Street, Croydon, CR0 1QG Independent Examiner: SBM & Co, Freedman House, Christopher Wren Yard, 117 High Street, Croydon, CR0 1QG Bankers: Unity Trust Bank, 9 Brindleyplace, Birmingham B12HB HR Advisers RBS Mentor Services Limited, 36 St Andrew Square, Edinburgh EH2 2YB Investment Manager: Courtiers Investment Services Limited, 18a Hart Street, Henley-onThames, Oxfordshire RG9 2AU

During the year the following permanent members of staff formed the Secretariat of the Society and were responsible for the day-to-day running and management of the charity.

Mrs E Robinson Chief Operating Officer Mrs D Holdcroft Professional Officer Mrs J Whyte Financial Officer Mrs T Clarke Office Administrator Miss C Scott Events & Marketing Co-ordinator Miss L Messenger Trainee Events and Projects Assistant

STRUCTURE, GOVERNANCE AND MANAGEMENT

Status and history

BMUS is a registered charity, and a company limited by guarantee, not having share capital. Every member undertakes to contribute an amount not exceeding £1 to the assets of the charity in the event of the charity being wound-up during the period of membership, or within one year thereafter.

BMUS is a charitable, multi-disciplinary Society, whose healthcare professional members include radiologists, sonographers, obstetricians, physicists, veterinarians and others.

Originating in 1969 as an informal ultrasound group, the Society took its present name in 1977 when it became affiliated to the World and European Federations of Societies for Ultrasound in Medicine and Biology ("WFUMB"). It was incorporated on 23 February 1984, and became a registered charity on 5 June 1984.

BMUS is governed by the rules and regulations set down in its company Memorandum and Articles of Association as last updated in December 2022.

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT ( Continued)

Recruitment and appointment of new trustees

The trustees of the charity, who are also the directors of the company, are the Officers and members of the Council of the Society.

Recruitment, Appointment & Election

The majority of the Council members are elected by the Society's membership. Members are advised six months prior to the Annual General Meeting of vacancies arising on the Council for the following year and given the opportunity to nominate individuals for these vacant posts. The Council may also collectively nominate individuals for these posts; particularly in circumstances where it is felt specific skills are desirable in relation to a new member of the Council. Should the number of nominations for any post exceed the number of vacancies for any post, there is an online ballot with all members of BMUS having one vote per vacancy. The ballot is conducted under the direction of a returning officer, appointed by the Council, who is not a candidate in the election. Results are announced at the Society's Annual General Meeting.

Induction and training of new trustees

New trustees are sent details of their responsibilities under the requirements of Charity Law, using the guidance materials supplied by the Charity Commission. All Directors are made aware of their responsibilities under the Companies Acts. New and existing Council members are kept up to date, by the Operations & Development Manager on any new developments in relation to their training needs.

Organisational structure

The Council of BMUS, which acts as its supreme governing Board, comprises of up to 18 UK-resident members consisting of:

• 5 Officers (the President, the President Elect, the Development Officer, the Treasurer and the Secretary - all of whom will have been chosen from among existing members of the Council),

• Up to 7 elected members, elected by the membership of BMUS,

• The Chairman of the Physics & Safety Committee (appointed by the Council),

• The Chairman of the Scientific Organising Committee for the Annual Meeting (appointed by Council),

• The Senior Journal Editor, (appointed by the Council) and

• Up to 3 co-opted members.

Whilst the Council members' roles may differ somewhat, all members vote pari passu, unless a casting vote is required, the exercise of which is at the discretion of the President who acts as Chair of Council. The overall strategic direction of BMUS is determined by the Council which takes all the key decisions in relation to the charitable activities of the Society. The 12 Trustees of the charity, who are also the Directors of the company, are the Officers and elected members of the Council.

The Council comprises at least two medical practitioners, at least two sonographers, and at least two physical scientists. In the event of a dispute arising as to which category a member falls into, the decision of the Council is final. The Journal Editor, who is appointed by the Council, serves for two years and is eligible for reappointment for a further period of two years.

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

The Officers and the Council meet formally three times each year with the Operations & Development Manager, Professional Officer and Financial Officer in attendance.

The Officers have specific responsibilities in relation to the governance of the Society, and work closely with the Secretariat to pursue the goals of the charity. The day-to-day management of the activities of BMUS is delegated by the Council to the Secretariat under the principal stewardship of the Operations & Development Manager to whom the office-based staff and volunteers report. The Operations & Development Manager is accountable in the first instance to the Officers of the Council, and is responsible for key operational matters and developing strategic goals into workable annual plans of work for BMUS. Additionally, the Financial Officer and Professional Officer work closely with the Officers to ensure effective governance of the charity. The President acts as linemanager for the Operations & Development Manager and Professional Officer, the Honorary Treasurer acts as line-manager for the Financial Officer.

In addition to regular meetings of the Officers of the Council and the Council itself, since January 2017 the Council has operated one single committee comprising of four sub-groups; each of which has specific roles and responsibilities, and each of which is able to advise the Council in relation to their specific areas of expertise.

Scientific & Education Committee

The Scientific & Education Committee advises the Council on matters relating to the development, practice, teaching and monitoring of ultrasound in the various fields where it is used for clinical or research purposes. The committee meets twice a year and comprises of four sub groups – Editorial, Physics & Safety, Professional Development and Education. Additionally, there are 3 Clinical Subgroups namely PoCUS, Veterinary and Obstetrics. The President-Elect acts as chairman of the Scientific & Education Committee for a term of two years. The role of the committee is to oversee and bring together the work of the seven sub groups,

The structure of the seven sub groups is as follows:

i) Education Group

The Education Group plan and create the programme of BMUS workshops / study days and contribute to the programme for the Annual Scientific Meeting, The group is also responsible for the assessment of applications for course endorsement. The Education Group meets two times a year, and submits written minutes and reports to the Council following each meeting. The group works closely with the other groups which make up the Scientific & Education Committee to ensure that all BMUS activities are of a quality expected by the membership.

The current membership of the Education Group is as follows:

Mrs Catherine Kirkpatrick Chair Dr Adam Aboalkaz Dr Salman Javed Arain Dr Richard Beese Mr Richard Brindley Dr Anna Maria Deganello Mrs Alexandra Drought Ms Sally Edginton Ms Kerry Green Mr Colin Griffin Dr Nigel Grunshaw Dr Bob Jarman Mr Gerry Johnson Dr Jeanette Kraft Mr Mark Maybury

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Dr Mitesh Naik Ms Eimer Robinson Mrs Borsha Sarker Ms Roxanne Sicklen Miss Shaunna Smith Mrs Cathy Stewart Ms Helen Varley Dr Barry Ward Dr Adrian Wong Ms Tanyah Ewen SVT representative Mrs Donna Holdcroft BMUS Professional Officer Dr Mike Smith CSP representative Mr Tim Palarm Industry representative - Canon Medical Systems (by invitation)

ii. Professional Standards Group

The group review and contribute to publications and guidelines on ultrasound topics of a general nature and which may affect the general practice of BMUS members. The Professional Standards Group meets two times a year, and submits written minutes and reports to the Council following each meeting. The group works closely with the other groups which make up the Scientific & Education Committee to ensure that all BMUS activities are of a quality expected by the membership.

The current membership of the Professional Standards Group is as follows:

Mrs Ruth Reeve Chair Dr Adam Aboalkaz Dr Salman Javed Arain Mrs Amy Barnes Dr Peter Cantin Miss Alexandra Drought Dr Anthony Eka Mrs Helen French Mr Colin Griffin Mrs Alison Hall Dr Bob Jarman Dr Ahmed Khan Mr Andrew Lee Mr Stephen Moore Ms Roxanne Sicklen Ms Morag Stout Dr Trish Chudleigh Mrs Donna Holdcroft Prof Gill Harrison Mr Mike Smith

Mrs Hilary Brooke-Clarke Mr Mark Charnock Mrs Ellen Dyer Mrs Farrah Elsaghir Dr Anmol Gangi Mrs Sally Hill Mrs Sally-Anne Hill Mr Gerry Johnson Mrs Catherine Kirkpatrick Mrs Susannah Lightfoot Ms Amanda Parry Ms Shaunna Smith Ms Helen Varley

Special Advisor BMUS Professional Officer SCoR representative CSP Representative

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT ( Continued)

iii) Physics & Safety Group

The Physics & Safety Group’s remit is to provide informed advice to the President and the Council of BMUS on matters of medical physics and ultrasound safety, to inform the BMUS membership about medical physics and safety issues, and to be a focus for action in the UK in matters of medical physics and ultrasound safety. In addition, it reviews the current literature on safety matters. The Physics & Safety Group regularly publishes a statement on the "Safe use, and potential hazards of diagnostic ultrasound", and has produced two guidelines, one on "The management of safety when using volunteers and patients for practical training in ultrasound scanning", and a second for the "Safe use of diagnostic ultrasound equipment". This second guideline document includes guidance on the use of the safety indices (Thermal Index and Mechanical Index) that are displayed on modern imaging equipment, and contains a rationale for the recommendations made. These documents are available on the BMUS website.

The current membership of the Physics & Safety Group is as follows:

Dr Prashant Verma Chair Dr Sami Abu Wardeh Mr Kingsley Ajibo Dr Gail ter Haar Ms Anna Madar Dr Piero Miloro Mr David Rowland Ms Sonya Sellar Prof Christoph Lees Co-opted Mrs Donna Holdcroft BMUS Professional Officer

iv) Editorial Group

The Editorial Group plans, oversees the production and has editorial control of the BMUS journal, Ultrasound . The Editorial Group meets two times a year and submits written minutes and reports to the Council following each meeting. The group works closely with the other groups which make up the Scientific & Education Committee to ensure that the Ultrasound journal is of the quality expected by the membership.

The current membership of the Editorial Group is as follows:

Mr Colin Griffin Chair Dr Timothy Canavan Mr Stavros Daoukas Dr Nick Dudley Dr Christopher Edwards Ms Michelle Fenech Mr Joe Maxwell Ms Glenda Mclean Dr Pauline Mitchell Mrs Penny Moores Dr Kalyana Murali Ms Lucy McIvor Sage Publications

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

v) Clinical Interest Groups

	3rd Trimester Obstetrics Whitepaper Workfore Trish Chudleigh LEAD Ruth Reeve LEAD Umber Agarwal Umber Agarwal Anne Marie Coady Trish Chudleigh Alexandra Drought Donna Holdcroft(BMUS) Nick Dudley Pamela Parker Ellen Dyer Ruth Reeve Gill Harrison(SOR) Donna Holdcroft(BMUS) Chris Honour Christoph Lees Rita Phillips EmilySkelton Helen Varley AI Clinical Educators Amy Barnes LEAD Amanda ParryLEAD Gareth Bolton Farah Elsaghir Hilary Brooke-Clarke Donna Holdcroft Amit Chavda Helen Kirk Trish Chudleigh Claire Lindsay Emma Chung Farai Ncube Elaine Gardiner Famida Sadak Asma Khalil Sharon Watty Catherine Kirkpatrick Angie White Jacqueline Matthew James Mclaughlan Simon Richards Aesthetics Emily Skelton Nadia Apps LEAD Michael Smith Dr Dalvi Humza Benjamin Stenberg Eleanor Quadri Ken Sutherland HayleyShannon Prashant Verma Dr Fraser Wiggins Barry Ward Jake Wheater Jamie Wild	3rd Trimester Obstetrics Whitepaper Workfore Trish Chudleigh LEAD Ruth Reeve LEAD Umber Agarwal Umber Agarwal Anne Marie Coady Trish Chudleigh Alexandra Drought Donna Holdcroft(BMUS) Nick Dudley Pamela Parker Ellen Dyer Ruth Reeve Gill Harrison(SOR) Donna Holdcroft(BMUS) Chris Honour Christoph Lees Rita Phillips EmilySkelton Helen Varley AI Clinical Educators Amy Barnes LEAD Amanda ParryLEAD Gareth Bolton Farah Elsaghir Hilary Brooke-Clarke Donna Holdcroft Amit Chavda Helen Kirk Trish Chudleigh Claire Lindsay Emma Chung Farai Ncube Elaine Gardiner Famida Sadak Asma Khalil Sharon Watty Catherine Kirkpatrick Angie White Jacqueline Matthew James Mclaughlan Simon Richards Aesthetics Emily Skelton Nadia Apps LEAD Michael Smith Dr Dalvi Humza Benjamin Stenberg Eleanor Quadri Ken Sutherland HayleyShannon Prashant Verma Dr Fraser Wiggins Barry Ward Jake Wheater Jamie Wild	3rd Trimester Obstetrics Whitepaper Workfore Trish Chudleigh LEAD Ruth Reeve LEAD Umber Agarwal Umber Agarwal Anne Marie Coady Trish Chudleigh Alexandra Drought Donna Holdcroft(BMUS) Nick Dudley Pamela Parker Ellen Dyer Ruth Reeve Gill Harrison(SOR) Donna Holdcroft(BMUS) Chris Honour Christoph Lees Rita Phillips EmilySkelton Helen Varley AI Clinical Educators Amy Barnes LEAD Amanda ParryLEAD Gareth Bolton Farah Elsaghir Hilary Brooke-Clarke Donna Holdcroft Amit Chavda Helen Kirk Trish Chudleigh Claire Lindsay Emma Chung Farai Ncube Elaine Gardiner Famida Sadak Asma Khalil Sharon Watty Catherine Kirkpatrick Angie White Jacqueline Matthew James Mclaughlan Simon Richards Aesthetics Emily Skelton Nadia Apps LEAD Michael Smith Dr Dalvi Humza Benjamin Stenberg Eleanor Quadri Ken Sutherland HayleyShannon Prashant Verma Dr Fraser Wiggins Barry Ward Jake Wheater Jamie Wild	3rd Trimester Obstetrics Whitepaper Workfore Trish Chudleigh LEAD Ruth Reeve LEAD Umber Agarwal Umber Agarwal Anne Marie Coady Trish Chudleigh Alexandra Drought Donna Holdcroft(BMUS) Nick Dudley Pamela Parker Ellen Dyer Ruth Reeve Gill Harrison(SOR) Donna Holdcroft(BMUS) Chris Honour Christoph Lees Rita Phillips EmilySkelton Helen Varley AI Clinical Educators Amy Barnes LEAD Amanda ParryLEAD Gareth Bolton Farah Elsaghir Hilary Brooke-Clarke Donna Holdcroft Amit Chavda Helen Kirk Trish Chudleigh Claire Lindsay Emma Chung Farai Ncube Elaine Gardiner Famida Sadak Asma Khalil Sharon Watty Catherine Kirkpatrick Angie White Jacqueline Matthew James Mclaughlan Simon Richards Aesthetics Emily Skelton Nadia Apps LEAD Michael Smith Dr Dalvi Humza Benjamin Stenberg Eleanor Quadri Ken Sutherland HayleyShannon Prashant Verma Dr Fraser Wiggins Barry Ward Jake Wheater Jamie Wild
Endometriosis		3rd Trimester		Obstetrics Whitepaper Workfore
Ruth Reeve LEAD		Trish Chudleigh LEAD		Ruth Reeve LEAD
Roxanne Sicklen LEAD		Umber Agarwal		Umber Agarwal
Elisabeth Bean		Anne Marie Coady		Trish Chudleigh
Rebecca Bird		Alexandra Drought		Donna Holdcroft(BMUS)
Susan Freeman		Nick Dudley		Pamela Parker
Susanne Johnson		Ellen Dyer		Ruth Reeve
Catherine Kirkpatrick		Gill Harrison(SOR)
Joel Naftalin		Donna Holdcroft(BMUS)
Borsha Sarker		Chris Honour
Alison Smith		Christoph Lees
		Rita Phillips
		EmilySkelton
		Helen Varley
MSK	AI		Clinical Educators
Catherine BerryLEAD	Amy Barnes LEAD		Amanda ParryLEAD
Emma Barnes	Gareth Bolton		Farah Elsaghir
Llewellyn Boucher	Hilary Brooke-Clarke		Donna Holdcroft
Richard Brindley	Amit Chavda		Helen Kirk
Mark Charnock	Trish Chudleigh		Claire Lindsay
Clare Drury	Emma Chung		Farai Ncube
Andrew Gapper	Elaine Gardiner		Famida Sadak
KerryGreen	Asma Khalil		Sharon Watty
Alison Hall	Catherine Kirkpatrick		Angie White
Khalida Jan	Jacqueline Matthew
John Leddy	James Mclaughlan
Mark Maybury	Simon Richards		Aesthetics
Stephen Moore	Emily Skelton		Nadia Apps LEAD
Paul O'Riordan	Michael Smith		Dr Dalvi Humza
Amanda Parry	Benjamin Stenberg		Eleanor Quadri
Steve Savage	Ken Sutherland		HayleyShannon
Katie Simm	Prashant Verma		Dr Fraser Wiggins
Mike Smith	Barry Ward
	Jake Wheater
	Jamie Wild

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Related parties

BMUS works with the following connected organisations:

CASE - Consortium for Accreditation of Sonographic Education BMUS is one of seven parent bodies that are represented at CASE meetings.

EFSUMB - European Federation of Societies for Ultrasound in Medicine and Biology

This is a European network of ultrasound societies, of which BMUS is a member. BMUS pays a subscription annually to EFSUMB, and undertakes various projects in cooperation with EFSUMB.

WFUMB - World Federation of Ultrasound in Medicine and Biology This is an international network of ultrasound societies, of which EFSUMB is a member.

All members of BMUS have the opportunity to attend EFSUMB and WFUMB meetings.

Risk & Corporate Governance Matters

Decisions are made by the Council, and consequently, the Council is responsible for identifying the risks to which the Society is exposed or potentially exposed in relation to any decision or series of decisions. The Council seeks to ensure that appropriate systems, procedures, and controls are put in place to avoid or adequately minimise all risks. A Risk Assessment Document is reviewed annually by the Council. The Chief Operating Officer assists the Council in identifying new risks as they arise, and is responsible for keeping the Risk Assessment Document up to date. The Council delegates certain responsibilities to Officers, the Chief Operating Officer / Financial Officer / Professional Officer or BMUS staff in line with a Delegated Authorities Matrix.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charitable objectives for which the charity was established are as follows:

• a. The advancement of the science and technology of ultrasonics as applied in medicine, and the maintenance of high standards in these fields.

• b. The advancement of education in the said science and technology, and allied science and technology in the provision of advice and information to the public in these fields.

• c. The advancement of research in the said science and technology and the publication of the results of such research.

Charitable Activities

In pursuance of its overall charitable objectives, the Society’s principal charitable activity is the dissemination of information as it relates to any and all of the fields that pertain to its charitable objectives.

Each year this activity is undertaken in a number of ways, including:

1. the organisation of educational workshops, study days and meetings throughout the UK, and the provision of fora to discuss issues relevant to medical ultrasound;

2. the publication and distribution to all members of a quarterly journal, “Ultrasound”; the issue of guidance to members on the application of ultrasound to medicine;

3. support of education and research into applications of ultrasound in medicine through award schemes;

4. support of educational issues in ultrasound through representation on CASE (the Consortium for Accreditation of Sonographic Education).

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Significant activities

Indicators, Milestones & Benchmarks

The Council uses a range of measures each year to assess the performance of BMUS in achieving its charitable objectives. These include:

• Level of membership and the trend over time

• Attendance at the Annual Scientific Meeting, study days, and other educational workshops

• Feedback from delegates on the quality and usefulness of such meetings and workshops

• Circulation and readership of the Journal

• Increase in submission of research papers for publication in the Journal

• Successful completion of award schemes

• Number of visits to the BMUS website and feedback from visitors

• Visits made by the Travelling Ambassadors and the Professional Officer to ultrasound centres and universities

• Collaboration with other societies and support of other educational meetings

• Maintenance of a financial surplus to support these activities

Public Benefit

The trustees have taken The Charity Commission's general guidance on public benefit (contained within the guidance publication "Charities and Public Benefit") into consideration in preparing their statements on public benefit contained within this trustees' annual report.

OBJECTIVES AND ACTIVITIES (Continued)

Benefits & Beneficiaries

In accordance with its charitable objectives, the Society strives to advance the science and technology of ultrasonics as applied in medicine, and to maintain high standards, to advance education and to advance research in these fields. In doing so, the Society seeks to improve the quality of medical care for the benefit of patients. The charity's ultimate beneficiaries are therefore patients, and benefits to patients are provided through continuing dissemination of information in relation to the Society's specialty.

Trustees' Assessment of Public Benefit

The trustees seek to make the science and usage of ultrasound more accessible to the general public; indeed membership of the Society is open to all interested members of the public on payment of the relevant membership fee. In addition the trustees strive to ensure that medical knowledge and advancement in ultrasound practice is available to the general public through the Society's website which provides patient information and links to other free sources of information. Timely comment on important issues relating to the use of ultrasound is highlighted on the website, particularly issues of concern for the general public.

The Society considers that it continues to show public benefit in line with its charitable objectives

Grantmaking

The Society finances a number of awards to support education and research.

The revised Innovation Award (previously Pump Priming Grant) is intended to embrace any initiative that furthers the aims and objectives of BMUS. The Scientific and Education Committee assesses applications for this award and makes recommendations to the Council, whose decision is final and binding. The Innovation Award holders are expected to produce a written report for the Journal on the work undertaken or to give a presentation at the Annual Scientific Meeting.

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

The Innovation Award is being rebranded as ‘Ultra-Sound Ideas: The Ultrasound Innovation Pitch’ and, will from December 2025, be a research session held during the Annual Scientific Meeting. Shortlisted applicants will present their proposals live, with the opportunity to secure grants of up to £5,000. This dynamic session will showcase innovative projects that advance ultrasound practice and support BMUS grant objectives.

Prizes are awarded for the best posters and oral presentations at the Annual Scientific Meeting each year. Posters are judged by the Scientific and Education Committee. Oral presentations are assessed by the session chairmen.

Sponsorship for a BMUS member to participate in the Young Investigator's session at the biennial Euroson Congress is awarded to one of the oral presentation winners. All awards and prizes are open to members of the Society. Criteria for applications and assessment are available to all via the website. The Young Investigator prize for 2025 will be awarded following ‘Ultrasound 2025’ Annual Scientific Meeting being held through 9h – 11th December 2025.

ACHIEVEMENT AND PERFORMANCE

Activities & Events

The specific aims set for 2024/2025 have been achieved and progressed.

BMUS held 10 study days during the period July 2024 - June 2025. Again, this was a mix of new and repeat events. As a multi-disciplinary society, we aim to cater to a wide range of specialties, and this is reflected in our education programme.

BMUS continues to seek feedback on demand for specific topics; this is invaluable when planning our programme of events.

Demand for the BMUS Endorsement of courses has decreased significantly due to the revision of the BMUS Endorsement Policy, as external agencies are now able to award their own CPD under the principles of CPD credits as agreed by the medical royal colleges and, in particular, the RCR. The Science & Education Committee continues to award BMUS Endorsement CPD Activity for all BMUS internal courses and the ASM.

The Annual Scientific Meeting ("ASM") was held in Coventry. The excellent scientific programme attracted over 439 delegates, in addition to the 139 invited guest speakers. There were 38 scientific sessions, and 8 "hands-on" practical training sessions. Satisfaction rates expressed by the delegates were markedly high at this energetic and exciting educational event.

The journal, Ultrasound, continues to publish high quality articles. Council decided to allow the journal content to be indexed with PubMed Central, the process was completed in August 2016, with published articles having a 12 month embargo prior to being listed; content from the Ultrasound journal over 12 months old is now accessible on the PubMed website, with abstracts for the most recent content also listed.

The Society continued to produce a quarterly newsletter for members to give up to date news, which is distributed by e-mail or with the Ultrasound Journal in a printed version. The society also publishes a weekly e-newsletter ‘Ultrapost’.

From July 2024 to June 2025, 325 new members joined the Society, furthermore since January 2024 the Society has offered the opportunity for non-members to join for a discounted fee while booking for a study day or the Annual Scientific Meeting, during this year this has resulted in a further 73 new members. However, during the period 399 members retired or resigned which culminated in a decrease in the total number of members by a single member over the year.

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

ACHIEVEMENT AND PERFORMANCE (Continued) Impact of Activities & Events

In terms of charitable activities, 2024/2025 was a successful year for the Society. Through these activities, the journal, Ultrasound , and its website, the Society has furthered the education of many members and non-members in the field of medical ultrasound. The Innovation Award continued to be part of the charitable activities of the society.

Public Benefit

During the year 2024/2025, the trustees gathered the following evidence that demonstrates to their satisfaction that BMUS continues to benefit the public through its activities targeted to achieve its charitable objectives:

• higher standards of ultrasound patient care both human and animal

• enquiries of the BMUS office for information on ultrasound matters from the general public and press

• � hits on the website

• BMUS members acting as a contact point for ultrasound matters locally and nationally.

FINANCIAL REVIEW

Financial Results of Activities & Events

During the year to 30 June 2025, BMUS generated £626,770 (2024: £622,229) of incoming resources and expended resources of £599,413 (2024: £543,659) principally disseminating information as it relates to any and all of the fields that pertain to the Society's charitable objectives.

The revenue from the journal, Ultrasound, decreased slightly from the previous year due to a reduction in paid advertising.

Following a decision by the Council in 2012, the Society's members', an annual increase in line with inflation would be applied to all subscription rates each year. A digital membership has been offered since 1st January 2022 and since July 2024 all new UK members joining the Society now pay by Direct Debit.

The membership rates in place until 31st December 2025 are as follows :

	Print member	Digital Member
Digital Student / Trainee:	n/a	£46.40
Retired/unwaged:	£74.28	£68.08
UK Ordinary members:	£99.44	£93.24
European member:	£105.16	£98.98
Digital International member:	n/a	£105.16

The Society continued to review its financial strategies and annual and projected budgets. Financial plans are in place to ensure where possible that the Society runs activities without loss and can continue build up its reserves to an appropriate level.

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BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

FINANCIAL REVIEW (Continued)

Grant Making

During 2024/2025, a single grant of £7,060 was awarded by the charity (2023/2024 - £nil).

The number of grants awarded varies year on year dependent upon the number of applicants and the quality of submissions. All grant applications are peer reviewed and awards are only made if supported by the Council. The funds to support these activities are not always paid out in the financial year awarded. BMUS does retain the money in BMUS bank accounts and may choose to release it in increments to support the activity of grants. From 2025/2026 the budget for research awards will be set within the total budget for the Annual Scientific Meeting.

Reserves Policy

As at 30 June 2025, the Society's 'free reserves' stood at £493,327 (2024: £462,546).

The reserves policy is reviewed annually to ensure that the reserves continue to provide an adequate safeguard against any potential decline in key sources of revenue in the longer term. The trustees are of the opinion that the Society requires a minimum of £300,000 in its free reserves to continue to meet its operational needs, based on an assessment of the Society's risks, its short-term business plan and to cover any unpredictable future financial circumstances. The reserves currently sit at a level to sustain one year of operational needs, the Officers closely monitor the level at which the Society’s reserves should be set to maintain future stability.

Investment policy

Under the terms of the Articles of Association of the Society, the Council has wide ranging powers to invest the funds of the Society as it sees fit. In practice, the Council receives advice from its investment managers on an appropriate investment portfolio, and also makes use of higher fixed term interest deposit accounts to retain short term surplus cash funds.

The Society's investment portfolio continues to be managed by Courtiers Investment Services Limited (London). The Society's investment strategy is to maintain a low-medium risk exposure portfolio principally targeted towards long-term growth. This helps to support the Society in the execution of its activities and supports future development, whilst meeting the requirements of the reserves policy.

The Council is kept informed of the performance of the portfolio through quarterly statements from the investment managers throughout the year.

During 2024 / 2025, the market value of the investment units increased by 15.62%(2024 increase of 9.16%).

• 12 -

BRITISH MEDICAL ULTRASOUND SOCIETY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

FUTURE DEVELOPMENTS

Future Strategy

The trustees' long term plans for BMUS are:

• To be recognised in the United Kingdom and internationally as a leading body in the field of medical ultrasound;

• To develop new scientific and educational programmes to broaden the Society's range of activities to further the charities objectives, whilst generating new revenue streams to cover anticipated increased associated costs;

• To increase the Society's membership on a yearly basis, and to increase its profile in general; and

• To ensure the financial viability of the Society to enable it to continue to develop its activities.

• Future Activities & Events

In the year from July 2025 to June 2026, the Society plans to:

• Hold the Annual Scientific Meeting for 2025 in Harrogate, with full and half day sessions for nonradiological specialists;

• Organise 15 study days on a variety of topics, and for the webinar education programme to continue;

• Further promote education and interest in ultrasound and the promotion of the highest professional standards;

• Reach out to other societies and special interest groups connected with ultrasound (such as PoCUS) and to work on common interests together;

• Publish high quality research and educational articles in the BMUS journal, Ultrasound;

• Promote best practice and training in specialist ultrasound topics through the Travelling Ambassadors to a cohort in centres that might not otherwise have access to such opportunities.

Impact of Future Activities & Events

It is anticipated that the activities and events planned for 2025/2026 will continue to further the education of members and non-members in the field of medical ultrasound.

The trustees plan to measure the success of the Society in 2025/2026 against the following targets:

• The number of new members and their professional background.

• The number of delegates attending ‘Ultrasound 2025’ broken down by members/non-members and professional category;

• Feedback from delegates on the quality and relevance of ‘Ultrasound 2025;

• The number of attendees to topical study days and webinars and feedback from attendees;

• The number of visits to the BMUS website;

• The number and nature of external enquiries to the Society and Secretariat office on medical ultrasound matters;

• The number of visits made by the Travelling Ambassadors and the Professional Officer to ultrasound centres and universities

• Maintaining a financial surplus to support the society’s activities in future years.

• 13 -

BRITISH MEDICAL ULTRASOUND SOCIETY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Public Benèfft In thè future. thè trustee5 intend lo ensure that BMUS continues to benefit the pUb￿"C ty.. Ensuring the websrte remains responsNÈ to the r￿dS of the general public as 3 source of infom)ats"on" Use the website lo guide the pU￿￿C to surtable souices of informab"on." Continue lo answer enquires at the office the publK and the press., Continue member conlribthK)n lo enquires from the public,. and Maintain high standards of education to membèrs for thè benefil of the public. FUNDS HELD AS CUSTODIAN FOR OTHERS A5though BMUS would appty reStr￿ted fund actounting to deal with incoming resourcès Ihal are earmarked for a particular purpose by donors. sponsors, ar￿ other frjnders, the Swety does not (wwten11y hold, and the trustees o not anlicipale that rt will in the future hold, any funds as ￿s1od18n for any third party. The Iruslees. report was approved by the Board of Tnjstees. Dr P Cantin Truste Dated.. lu. .1 2 14-

BRITISH MEDICAL ULTRASOUND SOCIETY

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2025

The trustees (who are also the directors of BMUS for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees and directors are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• Make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees and directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity company, and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information on the charitable company’s website.

• 15 -

BRITISH MEDICAL ULTRASOUND SOCIETY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH MEDICAL ULTRASOUND SOCIETY I report to the trustees on my examinat￿ of the financol statements of Brrbsh Medical Ullrasound Sooety Ithe Charitab￿ company) for the year en¢Jed 30 June 2025. Rèsponsibilities and basis of report The charity's trustees (who are also the direclors for the purposes of company law} arÈ rèsponsible for the preparation of the accounts. The char￿$ trustees consider that an audrt is not requi¥ed for this year (under Section 144121 of the Charrties Act 2011 {the 2011 Act)) and thal an independent examination is required. The ¢haWs gross Incorne exceeded £250.000 and l am qualtfied to undertake the examinalKJn by being a qualffied member of ICAEW. Hawn9 satisfied mysew that the tharrty 15 not subpd to audrt under company law and is eligible for independent examination, it is my re5ponsthilJty to: examine the accounts under Secb"fM 145 of the 2011 Acl to follow the procedLTrrès laKI ift the General Directions given by the Charity Commissic Section 14515}Ibl of the 2011 Acai. and to state whether parli1￿￿[ mtW5 have come to my attent￿n. Basis of the independent examlnerfs ￿POrt My examination was carried out in accordance with the General Directions given by the Chanty Commission. An examination indudes a rewew of the a(xx)unb"ng ie(x)r(Is kept by the chanty and a comparison of the accounts presented wrth those records. 11 also indudes consideration of any unus￿1 ilems or disdosures in the accounts, and seeking explanab'ons from you as ttustee5 concerning any Such atter5. The Procedures undertaken do not prowde all the ￿den￿ thal woukl be required in an audit, and consequenuy no opinion is gNen as to whethet the aaxjunts present a Irue and fair view ' and the report is limited to those matters set out in the staternent5 bebw. Indepgndent examinerfs stat•ment I have completed my examination. I confinn Ihat no matters have ￿me lo my altenlK)n in connection with the examination gi￿n9 me cause lo believe that in any malenal iespeca.. ac(x)unling rèu)rds We￿ not kept in resped of the Company as reqLMTed by section 386 of the 2006Art'. or the accounts do not a¢¢ord wrth those re(x)tds," or thè aecounts do not COM￿ wrth the a(￿￿￿ting requirements of section 396 of the 20C6 Ad other Ihan any requirernenl that the accounts give a 'true and fair whith is rTrol 8 matter ¢onsidered as part of an independent examinalion., or the accounts have not bean prepared in aixxJrdan( wrth the metho(ts and Prin￿pIeS of the Statement of Recornrnended Piactir£ for arAx)LEnting arhd reportirMJ by charities lapplicable to charitias prèparing thèir accounts In a¢cordan¢e wrth the Fin8ncial Reporting Standard applicat4e in the UK and Republic of Ireland IFRS 1021 I have no c£Jncems and have come auoss no other matters in ¢x)nnection wilh the examination to which attention should bè drawn in this rèport in order to enable a proper understanding of the accounts to be rèaehèd. Pauline M¢Alpine FCA For and on behalf of SBM Associatss Limit•d Freedman House Chrislopher Mfren Yard 117 High Street Croydon CRO 1QG 16-

BRITISH MEDICAL ULTRASOUND SOCIETY INDEPENDEKf EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF BRITISH MEDICAL ULTRASOUND SOCIETY Dated.. 17-

BRITISH MEDICAL ULTRASOUND SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

		Unrestricted	Unrestricted	Unrestricted	Unrestricted
			funds		funds
			2025		2024
	Notes		£		£
Income and endowments from:
Donations and legacies	3		163,789		164,580
Charitable activities	4		449,078		433,820
Investments	5		8,589		13,167
Other income	6		13,309		10,662
Total income			634,765		622,229
Expenditure on:
Raising funds	7		9,734		7,602
Charitable activities	8		597,674		536,057
Total expenditure			607,408		543,659
Net gains/(losses) on investments	13		3,424		4,695
Net income and movement in funds			30,781		83,265
Reconciliation of funds:
Fund balances at 1 July 2024			462,546		379,281
Fund balances at 30 June 2025			493,327		462,546

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

• 18 -

BRITISH MEDICAL ULTRASOUND SOCIETY BALANCE SHEET ASAT30 JUNE 2025 2025 2024 Notss Fixèd #ss¢ts Tangible assets Investments 15 16 5.140 6,166 55,965 64.120 62,131 Current a$$¢ts Debtors Cash at bank and in hand 18 86,946 553,601 78,204 509,924 640.547 588.128 Creditors: amounts falling due within one year 19 {211,3401 (187,7131 Net current assets 429.207 400,415 Total assets less current liabilities 493.327 462.546 The funds ofthe charitable company Vnreslricted funds 493.327 462.546 493,327 462,546 The company is entiued to the exemption from the audit requirement £￿taIned in secb.on 477 of the Companies Act 2006, for thè year ended ￿) June 2025. The directors acknowledge their responsibilrties for complwng wth the iequirements of the Companies Act 2006 wth resF*Ct to accounting records and the preparalK)n ol finan(xal statements. The members have not required th8 company trj obtsin an audit of its finantaal stslemenls for the year in question in accordance wrth section 476. Thase financial slalements have been prepared in actcthce wrth the provisions applicable to companies su￿.eCt to thè small companies regime. DT P Canlin Trustee Company Tegistrath)n nUM￿r 01794511 (England and Wdles) 19-

BRITISH MEDICAL ULTRASOUND SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

British Medical Ultrasound Society is a private company limited by guarantee incorporated in England and Wales. The registered office is 27 Old Gloucester Street, London, WC1N 3AX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charitable company is a Public Benefit Entity as defined by FRS 102.

The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.

1.4 Income

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

• 20 -

BRITISH MEDICAL ULTRASOUND SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 20% on cost Fixtures and fittings 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.6 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.7 Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

• 21 -

BRITISH MEDICAL ULTRASOUND SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Membership subscriptions and donations

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Donations and gifts	13,878	14,659
Membership fees	149,911	149,921
	163,789	164,580

• 22 -

BRITISH MEDICAL ULTRASOUND SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

4 Charitable activities

Charitable activities
	Annual	Study days	Journal and	Total	Total
	Scientific	and other	advertising	2025	2024
	Meeting	education	royalties
	2025	2025	2025
	£	£	£	£	£
Gross income from charitable
activities	325,627	114,275	9,176	449,078	433,820

5 Income from investments

		Unrestricted	Unrestricted		Unrestricted	Unrestricted
			funds			funds
			2025			2024
			£			£
	Interest receivable		8,589			13,167
6	Other income
		Unrestricted			Unrestricted
			funds			funds
			2025			2024
			£			£
	Other income		13,309			10,662
7	Cost of raising funds
		Unrestricted			Unrestricted
			funds			funds
			2025			2024
			£			£
	Fundraising and publicity
	Advertising		9,319			7,218
	Investment management		415			384
			9,734			7,602

• 23 -

BRITISH MEDICAL ULTRASOUND SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

8 Cost of charitable activities

		2025		2024
		£		£
	Staff costs	154,850		135,290
	Depreciation and impairment	2,376		2,369
	Direct costs of education provision	338,992		306,495
	Journal publishing costs	38,370		38,765
	Website costs	1,396		1,054
	EFSUMB subscription	9,794		9,775
	CASE subscription	1,000		1,696
	Other subscriptions	230		141
	Other direct costs	6,439		3,513
	Hire and maintenance of equipment	580		970
	Rent rates and services	14,258		13,516
	Printing postage & stationery	2,321		2,229
	Staff travel and expenses	2,617		533
	Computer and software	9,599		11,348
	Office expenses	61		83
	Other charitable expenditure	11,541		5,280
		594,424		533,057
	Share of governance costs (see note 9)	3,250		3,000
		597,674		536,057
9	Support costs

9	Support costs	Support costs
	Support		Governance			2025		2024
		costs		costs
		£		£		£		£
	Accountancy	-		3,250		3,250		3,000
		-		3,250		3,250		3,000
10	Net movement in funds					2025		2024
						£		£
	The net movement in funds is stated after charging/(crediting):
	Fees payable for the independent examination of the charity's financial
	statements					3,250		3,000
	Depreciation of owned tangible fixed assets					2,376		2,369

• 24 -

BRITISH MEDICAL ULTRASOUND SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.

12 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
	2025		2024
	Number		Number
	6		6
Employment costs	2025		2024
	£		£
Wages and
salaries	146,309		130,302
Emplyer's NI	6,229		5,633
PensionCosts	5,094		3,522
Total employee costs	157,632		139,457
Included in ASM expenses	(2,782)		(4,167)
Staff Costs per
note 8	154,850		135,290

There were no employees whose annual remuneration was more than £60,000.

13 Gains and losses on investments

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
Gains/(losses) arising on:	£	£
Revaluation of investments	3,424	4,695

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

• 25 -

BRITISH MEDICAL ULTRASOUND SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

15 Tangible fixed assets

			Plant	Plant	and	Fixtures and	Fixtures and	Fixtures and	Fixtures and		Total
			equipment					fittings
					£				£		£
	Cost
	At 1 July 2024			55,263				34,934			90,197
	Additions			1,350					-		1,350
	At 30 June 2025			56,613				34,934			91,547
	Depreciation and impairment
	At 1 July 2024			49,097				34,934			84,031
	Depreciation charged in the year			2,376					-		2,376
	At 30 June 2025			51,473				34,934			86,407
	Carrying amount
	At 30 June 2025			5,140					-		5,140
	At 30 June 2024			6,166					-		6,166
16	Fixed asset investments
		Unlisted				Cash in					Total
		investments				portfolio
				£				£			£
	Cost or valuation
	At 1 July 2024		55,684					281			55,965
	Valuation changes		3,423					-			3,423
	Disposals		(419)					-			(419)
	At 30 June 2025		58,688					281			58,969
	Carrying amount
	At 30 June 2025		58,688					281			58,969
	At 30 June 2024		55,684					281			55,965
17	Financial instruments
								2025			2024
								£			£
	Carrying amount of financial assets
	Instruments measured at fair value through profit or loss						58,688				55,684

• 26 -

BRITISH MEDICAL ULTRASOUND SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

18	Debtors
		2025		2024
	Amounts falling due within one year:	£		£
	Other debtors	13,956		26,922
	Prepayments and accrued income	72,990		51,282
		86,946		78,204
19	Creditors: amounts falling due within one year
		2025		2024
		£		£
	Other taxation and social security	6,949		3,179
	Payments received on account	61,399		60,029
	Trade creditors	30,003		40,650
	Other creditors	1,002		610
	Accruals and deferred income	111,987		83,245
		211,340		187,713
20	Retirement benefit schemes
		2025		2024
	Defined contribution schemes	£		£
	Charge to profit or loss in respect of defined contribution schemes	3,532		2,741

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

21 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1 July 2024	At 1 July 2024	Incoming	Incoming	Resources	Resources	Gains and	Gains and	At	30 June
			resources		expended			losses		2025
		£		£		£		£		£
General funds		462,546		634,765	(607,408)			3,424		493,327
Previous year:	At 1 July 2023		Incoming		Resources		Gains and		At	30 June
			resources		expended			losses		2024
		£		£		£		£		£
General funds		379,281		622,229	(543,659)			4,695		462,546

• 27 -

BRITISH MEDICAL ULTRASOUND SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

22 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

• 28 -