2020-12-31-accounts

Contents			Page
Trustees' report
Report ofthe independent		auditor
Statements of financial	activities
Balance sheets			13
Consolidated statement	of	cash flows	14
Notes to the financial statements			15

	Nates		Unrestricted	Restricted	Total funds	1'otal funds
			funds 2020	funds 2020	2020	2019
			6	6	6	6
Income
Charitable activities: subscriptions industry partnership Courses and meetings		2	253,177 232,375 239,134	8,400	253,177 232,375 247,534	257,181 255,142 1,341,138
Other trading activities: Commercial trading operations			385,535		385,535	424,105
Investment income						76
Otherincame					4	2,328
Total income			1,110,232	8,400	1,118,632	2,279,970
Expenditure on
Raising funds: Raising funds		4	234,060		234,060	211,738
Charitable activities: Publications and apps Courses and meetings Grants		5 2 7	148,635 681,749 37,996	8,400	148,635 690,149 37,996	213,496 1,753,847 36,770
Total expenditure			1,102,440	8,400	1,110,840	2,215,851
Net movements in funds		6	7,792		7,792	64,119
Funds brought forward			1,294,475		1,294,475	1,230,356
Funds carried forward			61,302,267		61,302,267	61,294,475

	Notes		Unrestricted	Restricted	Total funds	Total funds
			funds 2020	funds 2020	2020	2019
			6	6	6
Income
Charitable activities:
subscriptions			253,177		253,177	257,181
Industry partnerships			97,821		97,821	255,142
Courses and meetings		2	42,620	8,400	51,020	276,183
Investment income		3	255,589		255,589	208,598
Otherincome						2,328
Total income			649,211	8,400	657,611	999,432
Expenditure on
Raising funds:
Raising funds		4	49,967		49,967	52,023
Charitable activities:
Publications		5	122,493		122,493	181,646
Courses and meetings		2	149,617	8,400	158,017	303,395
Grants		7	237,950		237,950	451,363
Total resources expended			560,027	8,400	568,427	988,427
Net movements in funds		6	89,184		89,184	11,005
Funds brought forward			1,030,435		1,030,435	1,019,430
Funds carried forward			61,219,619	6-	61,119,619	61,030,435

	European	Society For Vascular Surgery	Society For Vascular Surgery	Society For Vascular Surgery
	Balance	sheets as at 31December 2020
Company number:	4524120	Notes	2020	2020	2019	2019
			Group	Charity	Group	Chadity
			C	C	C	C
Fixed assets
Tangible assets		10	5,517		9,293
Investments		11
			5,517	2	9,293
Current assets
Debtors - due within	one year	12	309,974	191,195	434,680	185,633
Cash at bank and in	hand		1,393,983	1,231,280	1,319,597	1,240,111
			1,703,957	1,422,475	1,754,277	1,425,744
Creditors: amounts	falling due within one year	13	(407,207)	(302,858)	(469,095)	(395,311)
Net current assets			1,296,750	1,119,617	1,285,182	1,030,433
Net assets			C1,302,267	C1,119,619	C1,294,475	C1,030,435
Unrestricted funds
General funds			1,302,267	1,119,619	1,294,475	1,030,435
Restricted funds
Totalfunds			C1302 267	C1119619	C1r294r475	C1030435

			2020	2019
			6	6
Net cash inflow from operating activities (below)			74,379	531,685
Cosh flows from investing activities
Investment income received				76
Investment eliminated on first consolidation				1
Purchase of furniture and equipment				(14,621)
Net cash flow from investing activities				(14,544)
Cosh flows from financing activities
Increase in cash and cash equivalents	in the year		74,386	517,141
Cash and cash equivalents brought forward			1,319,597	802,456
Cash and cash equivalents carried forward			1,393,983	1,319,597
Reconciliation ofsurplus to net cash inflow from operating		activities
Surplus for the year			7,792	64,119
Adjustments to reconcile surplus for the year to net cosh flow from operating			activities
Decrease in debtors			124,706	335,849
(Decrease)/increase in creditors			(61,888)	126,465
Depreciation oftangible fixed assets			3,776	5,328
Investment income receivable			(7)	(76)
Net cash inflow from operating activities			74,379	531,685
Analysis of changes in net debt
Cash at 1January			1,319,597	802,456
Cash flows			74,386	517,141
Cash at 31December			1,393,983	1,319,597

2	Courses and conferences	Courses and conferences
								2020	2019
									«
	Group
	Income —unrestricted
	Annual Conference,	Spring	Meeting		8 Masterclass			196,514	1,219,176
	Courses							42,620	81,858
								239,134	1,301,033
	Restricted fund income —Annual			Conference		Grants		8,400	40,104
	Total income							247,534	1,341,138
	Expenditure -unrestricted
	Annual Conference,	Spring	Meeting		8 Masterclass			272,476	1,266,377
	Courses							47,886	61,313
	Webinars 8& e-library							29,532	29,164
	Support Costs (note	9)						331,855	356,889
								681,749	1,713,743
	Restricted fund expenditure		—Annual		Conference		Grants	8,400	40,104
	Total expenditure							690,149	1,753,847
	Net cost ofcourses and conferences							«442,615	«412,709
	Charity
	Income —unrestricted
	Courses							42,620	81,858
	Annual Conference,	Spring	Meeting		gr Masterclass				154,221
								42,620	236,079
	Restricted fund income —Annual			Conference		Grants		8,400	40,104
	Tatal income							51,020	276,183
	Expenditure —unrestricted
	Annual Canference,	Spring	Meeting		8 Masterclass				54,140
	Courses							47,886	61,313
	Webinars gr e-library							29,532	29,164
	Support Casts (note	9)						72,199	118,674
								149,617	263,291
	Restncted fund expenditure		—Annual		Conference		Grants	8,400	40,104
	Total expenditure							158,017	303,395
	Net cast ofcourses and conferences							«106,997	«27,212

3	Investment income	Investment income	Investment income
							2020	2019
							6
	Group
	Income from	listed	investments			and bank interest		876
	Charity
	ESVS Conferences		Limited		—Gift	Aid Donation	255,589	208,522
	Income from	listed	investments			and bank interest		76
							6255,589	6208,598
4	Raising funds
							2020	2019
								6
	Group
	Membership	management			services		4,000	4,000
	Support costs (note			9)			39,983	35,444
	Marketing gr	Business Development					17,268	21,279
	Costs of generating			income from		subsidiaries	172,809	151,015
							6234,060	6211,738
	Charity
	Membership	management			services		24,000	24,000
	Marketing 5	Business Development					17,268	21,280
	Support costs (note			9)			8,699	6,743
							649,967	452,023
5	Publications	—group		and charity
							2020	2019
							6	6
	Expenditure -charity
	Journal subscription			costs			108,085	110,977
	Guidelines						10,003	45,083
	Vascunet						56	18,843
	Support costs (note			9)			4,349	6,743
	Total expenditure -		charity				4122,493	0181,646
	Expenditure —group
	Additional support		costs (note 9)				15,642	14,350
	Guideline App						10,500	17,500
	Tata I expenditure —group						0148,635	6213,496

6	Net movement in	funds	funds
								2020	2019
									6
	The net movement	in	funds for the year is stated				after charging:
	Auditors' remuneration			—for services	as auditors-		group and charity	10,893	10,066
	Depreciation —group		only					3,776	5,328
7	Grants
								2020	2019
								6	6
	Group and charity
	Educational travel	grants and Annual			Meeting	Grants		30,000	28,333
	Allocated support	costs		(note 9)				7,996	8,437
	Total for Group							637,996	636,770
	Charity
	Subvention to European			Vascular Surgery Trading			Limited	206,210	420,333
	Reduction in allocated		support costs		compared	with Group (note 9)		(6,256)	(5,740)
	Total for Charity							6237,950	6451,363
	Grants were payable to			ten (2019:sixteen) individuals.
8	Employee costs
								2020	2019
	Group Wages, salaries and honoraria							329,008	291,481
	Social security costs							64,021	43,659
	Pension contributions							14,276	15,931
	Tota I							&407,305	6351,071
	Charity
	Wages, salaries and honoraria							67,875	69,000

Support casts
	2020	2019
	6	6
Charity
Travel costs	18,770	63,655
Office costs	4,272	14,235
Employee costs	18,875	21,000
Audit and accountancy	30,893	30,066
Bank charges, legal fees and insurance	5,457	10,243
Exchange rate differences	8,720	(4,342)
Total for Charity	686,987	0134,857
Additional Group support costs
Office costs	23,692	45,178
Employee costs	278,292	227,390
Audit and accountancy	5,894	6,885
Bank charges, legal fees and insurance	1,184
Corporation tax (France)		2,225
Depreciation	3,776	5,328
Total for Group	6399,825	6421,863

Support costs have been	apportioned	against the activities ofthe charity	in accordance with	estimated	management
time spent on each activity as shown		below;
			2020		2019
					6
Group
Raising funds (note 4)			39,983		35,444
Publications (note 5)			19,991		21,093
Grants (note 7)			7,996		8,437
Courses and conferences	(note 2)		331,855		356,889
			6399,825		&421,863
Chority
Raising funds (note 4)			8,699		6,743
Publications (note 5)			4,349		6,743
Grants (note 7)			1,740		2,697
Courses and conferences	(note 2)		72,199		118,674
			686,987		0134,857

10	Tangible fixed assets —group	Tangible fixed assets —group
			Office equipment
			8
	Cost
	At 1January	and 31December 2020	14,621
	Depreciation At 1January Provided in	2020 year	5,328 3,776
	At 31December 2020		9,104
	Illet Book Value
	At 31December 2020		45,517
	At 31December 2019		69,293
11	Investments	- Charity
			investment in
			Subsidiaries
			8
	Cost
	At 1January	and 31December 2020

Debtors
			2020	2019
				g
Group Other debtors			6309,974	6434,680
Charity Other debtors			70,936	23,351
Due from subsidiary	companies	(note 17)	120,259	162,282
			C191,195	6185,633

13	Creditors: amounts	Creditors: amounts	falling due	falling due	within one year
						2020	2019
						6	g
	Group
	Trade creditors					15,179	3,524
	Corporation tax						1,899
	Other taxation and		social security			39,830	34,779
	Accruals	and deferred		income		352,198	428,893
						6407,207	6469,095
	Charity
	Trade creditors					10,592
	Accruals	and deferred		income		185,389	312,764
	Amounts	owed to	subsidiaries			106,877	82,547
						6302,858	6395,311
14	Deferred	income —group and			charity
						2020	2019
						6	6
	Balance	at 1January				47,965	20,972
	Amounts	released	to	incoming	resources	(47,965)	(20,972)
	Amounts	deferred	in	the year		15,963	47,965
	Balance	at 31December				615,963	647,965

				2020	2019
				8	6
Profit and loss account
Turnover				385,542	424,104
Administrative	expenses			(183,309)	(168,515)
Gift aid payment to European			Society for Vascular Surgery	(255,589)	(208,522)
(Loss)/profit	reported	by subsidiary		C(53,346)	447,067

trading results is shown be the Registrar of Companies.	low. The company's accaunts are exempt f	rom statutory audit and have	been filed wi
		2020	2019
		6	6
Profit and loss account
Turnover		337,068	1,064,955
Subvention from European	Society for Vascular Surgery	206,210	420,333
Administrative expenses		(543,278)	(1,485,288)
Prafit retained in subsidiary

Net income from trading	activities of subsidiaries	activities of subsidiaries	(continued]	(continued]
SASU ESI/5 France (continued)					2020	2019
					6	6
Profit and loss account
Turnover					290,000	368,847
Administrative expenses					(312,036)	(360,576)
Corporation Tax						(2,225)
Dividend paid to European		Vascular Surgery Trading		Limited	(6,000)
(Loss)/profit retained in	subsidiary				E(28,036)	66,046

			Notes	Unrestricted	Restricted	Total funds
				funds 2019	funds 2019	2019
Income				6	6	6
Charitable activities:
Subscriptions				257,181		257,181
Industry partnership				255,142		255,142
Caurses and	meetings			1,301,034	40,104	1,341,138
Other trading activities:
Commercial	trading operations			424,105		424,105
Investment income				76		76
Other income				2,328		2,328
Total income				2,239,866	40,104	2,279,970
Expenditure on
Raising funds:
Raising funds				211,738		211,738
Charitable octivities:
Publications	and apps			213,496		213,496
Courses and	meetings			1,713,743	40,104	1,753,847
Grants				36,770		36,770
Total expenditure				2,175,747	40,104	2,215,851
Net income before gains on investment			assets	64,119		64,119
Net (losses)/gains	on investment	assets
Net movements	in funds			64,119		64,119
Funds brought forward				1,730,356		1,230,356
Funds carried forward				61,294,475	6-	61,294,475

?0	Comparative information	(continuedi	(continuedi	- Charity statement affinancial activities far	- Charity statement affinancial activities far	the year ta 32	December 2019
				Nates	Unrestricted	Restricted	Total funds
					funds 2019	funds 2019	2019
					6	6	8
	Income
	Charitable activities:
	Subscriptions				257,181		257,181
	Industry partnerships Courses and meetings				255,142 236,079	40,104	255,142 276,183
	Investment income				208,598		208,598
	Other income				2,328		2,328
	Total incame				959,328	40,104	999,432
	Expenditure on
	Raising funds: Raising funds				52,023		52,023
	Charitable activities:
	Publications				181,646		181,646
	Courses and meetings				263,291	40,104	303,395
	Grants				451,363		451,363
	Total resources expended				948p323	40,104	988,427
	Net income before gains	on investment		assets	11,005		11,005
	Net (lossesi/gains on investment		assets
	Net movements in funds				11,005		11,005
	Funds braught forward				1,019,430		1,019,430
	Funds carried forward				61,030,435	6-	81,030,435