PULMONARY VASCULAR RESEARCH INSTITUTE
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year in a healthy financial position with total funds carried forward of £2.267m. However, the trustees note that the charity will need to draw significantly on reserves for the next 3–4 years to fund ongoing work due to the winding down of its largest historical funding source, CMREF. The charity acknowledges a lack of income diversification and the unpredictable nature of currency markets as key risks to its future sustainability.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- PROFESSOR MARTIN WILKINSchair
- Amit Khanna
- Anna Ryan Hemnes
- Dr Alankar Anushka Anilkumar Patel
- Dr Hans Werner Seeger
- PROFESSOR PAUL ANTHONY CORRIS MB FRCP
- Paul Hassoun
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £611k | £525k |
| 31/12/2023 | £640k | £820k |
| 31/12/2022 | £199k | £821k |
| 31/12/2021 | £1.4m | £1.1m |
| 31/12/2020 | £741k | £1.2m |
Common questions
Is PULMONARY VASCULAR RESEARCH INSTITUTE financially healthy?
The accounts state that the charity ended the year in a healthy financial position with total funds carried forward of £2.267m. However, the trustees note that the charity will need to draw significantly on reserves for the next 3–4 years to fund ongoing work due to the winding down of its largest historical funding source, CMREF. The charity acknowledges a lack of income diversification and the unpredictable nature of currency markets as key risks to its future sustainability. Its FY2024 accounts were audited by Godfrey Wilson Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DENISE COATES FOUNDATION | 1 | £4.9m |
| THE LORNA AND YUTI CHERNAJOVSKY BIOMEDICAL RESEARCH FOUNDATION | 1 | £4k |
| THE HISCOX FOUNDATION | 1 | £1k |
| THE WARWICKSHIRE MASONIC CHARITABLE ASSOCIATION LIMITED | 1 | £1k |