UK FOCUSED ULTRASOUND FOUNDATION
To advance education and undertake research on the applications or use of focused ultrasound for thebenefit of the public and to promote all purposes recognised as charitable under the laws of England and Wales from time to time in particular but without limitation through an association with focused ultrasound.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a small surplus of £1,258 for the year ended 31 December 2024, with total reserves standing at £33,943. However, unrestricted reserves were £8,343, which is below the trustees' stated policy target of £15,000. The trustees acknowledge this shortfall and note that the US counterpart intends to commit further funds to align reserves with the policy.
What the accounts disclose
“Per the Foundation’s reserves policy, the Foundation should have £15,000 in unrestricted reserves as at 31 December 2024 however, the US counterpart of Focused Ultrasound Foundation will commit further funds to keep unrestricted funds in line with the Foundation's policy.”
“With the operational support from the US sister Foundation and controlled spending, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future” — page 11
“During the year ended 31 December 2024, the Charity was awarded a donation from one of its Trustees, P C Keevil, for an amount of £Nil (2023: £485), as well as a donation from John Bowis, another Trustee, of £100 (2023: £Nil). At the balance sheet date, the amount outstanding from the Trustee was £Nil (2023: £Nil). During the year ended 31 December 2024, the guarantor company, Focused Ultrasound Foundation donated to the Charity an amount totalling £70,000 (2023: £74,858). They paid for expenses on behalf of the Charity of £59,734 (2023: £Nil) and repaid an amount owed of £Nil (2023: £5,820). At the balance sheet date, the amount owed to the guarantor company was £59,734 (2023: £Nil) There were no other related party transactions during the year. These unaudited financial statements have been subject to an independent examination. See report on pages 5 - 6. 14” — page 16
Trustees
- Dr Neal Kassell MD
- Helen Rosalind Pernelet
- Professor Gail ter Haar
- Sir Ivor Roberts KCMG, FCIL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £78k | £85k |
| 31/12/2023 | £101k | £120k |
| 31/12/2022 | £183k | £131k |
| 31/12/2021 | £0 | £0 |
Common questions
Is UK FOCUSED ULTRASOUND FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a small surplus of £1,258 for the year ended 31 December 2024, with total reserves standing at £33,943. However, unrestricted reserves were £8,343, which is below the trustees' stated policy target of £15,000. The trustees acknowledge this shortfall and note that the US counterpart intends to commit further funds to align reserves with the policy. Its FY2024 accounts were independently examined.