Reglstered numbèr 1100372 European Venous Foundation Trustee$. Report and Accounts 31 December 2025
Europèan Venous Foundatlon Report and accounts Contents Pagè Legal and administrative inftm)ab"on Trustees, Annual Report Slalemenl of Finan¢i81 Acbvities 2to3 Balance sheet NDte8 forrning part ofthe finanaal ststements 7t010
Europèan Venous Foundatlon Legal & Admlnlstratlve Infomatlon Trustees Professor Andrea$ Nico$ N1co18ides- Chair Profe3sor Armando Man$llh8 Ms Anne T8ft- Secret8ry Dr Marianne vand8ndrie5sChHobb$- Treasurer Or Atkadiusz Jawien Jr D¢)minik Hrn Independeni Examlfter AndW Geor9iades Nicholas Peters & Co 2nd Flwr 1&12 Bourfet Close W1W 7BR Bankers Bardays Bank SolicitDrs Nicholas 8 Co Solicitois Gmund Floor 1(k12 Bourtet Cknse W1W 7BR Charlty Offlcas 37 R¢sed*ne Avenue Greenford Middlesex UBfj 9SD Charlty reg18t8T8d number 11Q)372
European Venous Foundatlon Trustee's Annual R•port forthe year ended 31 December 2026 The Tru8teey' presenttheii pOrt 8nd account5 for the year ended 31 December 2025. The Iruslees have adopted the PrO$10n of Ihe Statement trf Re¢ommended Practice ISORPI ' Accounting and RepDrrng by Charities" IFRS 1021 In preparing the annual report ano financial statement of the charity. The financial staterneni$ have been prepared in accordance wth the 8teounling policies Sel out In notes to the aCUnIS and comkAy the charity5 governlng document, the Chanies Act 2011 and Accounting and Reporbng by Charities. Statement of Recomrnended Pr3¢bce applicable to charrtie$ prep8ring their accounts in ac¢ortlan¢e lo the Finanaal Reptyb"ng Stsndards applicatAe In th? UK and Rerxjblic ol Ireland put4ished on 16 July 20141 as amend&d by Upd8t& Bulletin 1 published on 2 February 20161. R•f8rnnce and admlnSBtr4tlon dgtall8 Charity narne- European Venous Foundab"on Registration number- 111X)372 Prinapal address- 37 Rosedwe Avenu&. Greenford, Middlesex. u86 9SD Tru$ts¢8 The trustees vtho manage the charty are named on pagfr 1. structur81 goveman¢¢ and managernent European Venous Foundation 15 ¢onstytuted by Trust Deed dated 19 Juty 2002 as amended 8 Cktober 20D3. The Trust obtained charitsbl8 stabjs on 28 O¢tob&r 2QK)3 INO. 11003721. The management committee is responsible for the day to day running ofthe Charity. The Iruslees shall initially hcld office for the fir$t five year5 and may subsequenlty be reappointed. The body of trustee5 shall ntrt exceed ten person5 8nd there 8h811 be at least five persons. FUre trustees shall be nominated or appointed. In respect of a tTusiee being 8ppointed to place a truslep leaving offic8. the retinng twstee sh811 not be enuied to vote in spe Of the apwiniment of his SUfXeSSQr. The trustees actively wew Ihe major risk vknich the Charity fa$ on a regular basis and believe trat maintaining reserve$ at the desired level. combined wlh annual revi8w of the controls over the key rin8naal systems. wryll prowd8 suffic48nt resour¢e$ In the event of adverse condition8. The trustees have 8Iso examined other OpallOal and bUnesS risks faced by the Charty and confirm that they have estsbli8hed systems lo mitigatg the significant nsks. Objectlves and actlvities The charity l¢rmed foi the promotion of research Into the cau5e5. effgtts, treatment and man8gernent of enous disease and to dissemin8t& the useful results thereof. The charty continu8 to support the annual suenlific meeUr¥s of the Europe3n Venous Forum. the annual Hands-on Work$hop on Venous 015ea5e. EVF HOW Plus Course$ and Updates of1nternaDonal Consefj5US ststement5 on both Chrmic Venous Disesse and Venous Throfflboembolism. 11 continue lo support ufflber of Travelling Fellow5hip5. EVF Prize and EVF Re$earch Grants. The Trustee$ hav? womoied thè charity through Iheir Contacts Ihe intention of using these fund$ in the future fvr the further8nce of its objectives. In the pursuit of the charit8ble objethves th? trustees have p)wer8 to permlt Investments tn any dearing bank, trusi curpDrabon or stoth bfoking company*thith is a mefflber of the Stock Exchan9e.
European Venous Foundatlon Trustoe's Annual Roport forthe year endgd 31 December 2025 AchiBvement8 and performance Dunng the yesr the Ghaiity ha& wntinuc¢ ¢0 support the annual 8rAentifiG tneeknngs of th¢ Europe4n V¢nou¥ Forurn, Travelling Fe11owships. Research Gran15 Ihe annual Hand5-on Workshop on Venous Disfrase. The Tru$ieÈs have promtried the charity Ihrough their contsds th the Inteniity) of using these fund5 In the fwuie for the furtherance ofits objecbve5. The Twsiees are planning a number of future major prgects which wll be Implemented OV the next three yeèrs, Including lar9er ie5earGh 0[ts and more Iiavelling lellowships. Financial Review 11 Is Ihe wlicy of the charyty to mainlwn unrestricted funds al a reasonable level lo provide suffioenl furKJs to cover ana]eMent and administrali suppori cos15 to continue the eduGatioTral actsvilies. Al the b8lwce sheel date the unrestricted funds of £746.645 are healthy ano al 818vel above Ihal would b expected in the future due to the charitys modest cash pos0. The free reserve is the 5arne ?mounl. This reportwas approv ty the boafd of INsiees on 24th Juna 2028 A Nicolald85 Trustee
European Vgnous Found4tlon IndepèndeTrt Examinerts Report to the Trustees of European Venou5 Foundation I report on the accoyJnls of IIFe Trust lui IhE year ended 31 Decembw 2025, which are srt out pages 5 to 10. Respectlve respon81bllltle5 of tfU¥tee5 and examlner The tharity'5 Iruste85 are reSnsIble for the pieparation of the accounts The chartys Iruslees consider that an audit 15 not required for Ih15 year under Section 144121 of the Ch8ritie8 Act 2011 Ilhe 2011 Acll 8n(J thatan independent eKaminaiion is needed It 15 my responsibility to.. - examine the accounts under 58cbon 145 of Ihe 2011 Acl, - to followthe procedures laid down in Ihe general Oireciions given by the Charity Commi8yon (under %clion 14515llbl of the 2011 Act, and - to slate whether parCular matters h8v8 uJm8 to my aitention. Bas18 of Indep?nd8nt 8xamln8r'8 r8POrt My examination wjs carried out 111 8ttord8nce general Directrons gtven by the Charity Commission An examinabun indudes 8 review ol the accounling records kept by the chanty and companson of the accounts presented Wlh ihose records. It also ifjc5udes consideration of any unusual Itèms or disdosures in the accounts, and seeking explanabons frtsm Ihe Iruslees concerning 2ny such matters. The prccedures undertaken do not provide all the evidenc& Ihat would be required In an audit. and consffjuenlty no opinion Is given es to whether the accDunts pr¢seni a 'true and fair view and the report is limited lo those matters Set 01 in the $lalemenl below. Independent exarnlner's statement In conn8ction %Mth my exarninatson, no maffer ha$ come to my attentson.. 1 which gives me reasonable cause lo believe Ihat in, any malenal respect. the requirements". to keep accounting record8 in accordance wlh 5eclion 130 of the 2011 Act, and to prepare accounts which accord wth the accounting records and com Ywth the accounlii)g requirements of the 2011 Acl have not been mel. or 2. 10 thich, in my opinion. attention should be drawn In order 10 enable a proper understanding ol the acGounlS to be reached. Mr Andrew Georgiades FCCA Nlcholas Pgter8 & Co Llmitod Indepèndent Examlner 2nd Floor 10-12 Bourfet Close London W1W 7BR Date.. 24th June 2026
European Venous Foundatlon Statement of Flnanclal Actlvltles for Ihg year gnd8d 31 Decèmbèr 2025 Unrestrlcled Funds 2025 Unrestricted Funds 2024 Note8 Income Donations IniÈre81 receivabl8 Totsl income 35,083 500 ,5 760 35,408 Expendlture on.. Olher expenditure Expenditu on charitable activthes Totsl 14,0841 78.048 73.984 10,947 $0,047 60,994 10 Net In¢ome 138.3811 125,5861 Transfers belween ful8 Net movements in fu#d¥ 138.3811 25.5881 Total fund$ brcugm folward 13 785.026 810,612 Total funds Caed forrd 746,645 785.028 The net movernenl In funds referred to above Is Ihe net Incoming resource5 85 defitTred in the StslemÈnt of Recommended Practice for Accounting and Reporting 15sued by the Charity Commlssion for England & Wales and Is r8concAled th8 total fund5 as $hts¥vn in the Balance Sheet on page 6 as required by ttle $aid statement The statement of flnancial acUvltle$ Includ88 all galn¥ and lo$se$ In th8 year. All Incomlng resources and re$ourcES expended derive from cvntinuing a¢tlvitie5.
European Venous Foyndatlon Balance Sheet as at 31 December 202S Nots$ 2025 2024 Currerit + Debtors Cash at bank and in hand 11 132,263 e16.002 748.265 193.174 603.472 796.646 Crodltor6'. amount8 falllng due one ye•r 12 1,620 11.620 Net current a88•ts 746.645 785.026 Net as$ts 746,645 785.026 Funds: un$trIc funds 13 746.645 78S,026 Total fund8 746.645 785.026 The financial stslement5 were approved and aulhorised for issue by the 808r(S on 24th June 2026 Signed on behalf olthe board oltrustees A Nlcol•ld•s Trustee
European V8nouB Foundatlon Note5 to the Accounts lor the year ènded 31 December 2025 f.1 Basis ofaccounting Th8 chanty consbtutes a Put nefit èmty as defined by FRS 102. The finsncisl statements have been prepared in accord3nce wth Accounting and Repothng by Chanties Statwnent of R8commended Practr applicsble to charitie5 preparing their accounts In accordanc8 wlh the Financial Reporting Standard applicable Iti the UK 2nd Republic of Ireland IFRS 1021155ued o 16 July 2014 las up&8led throu9h Update Bvllelln 1 pJtAished on 2 F8bruary 20181. Th? address of the registered office is given in Ihe charity lnfomiats.on on page 1 of Ih858 finanGial $ta18ments. The nalurfr ol Ite charity's operaDons 3n(5 pnn¢Jpal athwties are as sei Qui m the Trustees, 3nnual port On P29è 2 of these fin8Daal $tstsmen15 The financial slalements are prepared on a going conotn ba31$ under the his1cl cost convention. mo(Sified to indudÈ ¢Èrtain Iiems 81 faif value. The finanual slatements are presented in sterfiro vthich is the funcliwal Currency of Ihe charty and are not rounded. The signilicant 8ccountin9 polioes applied in the preparation of these finanoal slatements arÈ sei OLrt below. These polie5 have been consistenuy applied to all year5 presented unle55 Olhtrw8e ststed. The charity adopted SORP IFRS 1021 in the current year and an ewanalion Df how Iran$thon Ic SORP IFRS 1021 has aftected the oported firtanal wsiuon and perfor1n3n is yyven in noie 13. 1.2 Recollnttion of Ineomlng rnsourt88 These ale included In the Statement of Financial Activitie5 ISOFAI when Ihe ch8rity be(x)mes entslJ8d to the resources". the liustees are virtually 1181 they 11 rec1¥8 the resources". 3n(f lh8 monetgry valuè can be mÉasured vilh 5uffiuent reliabillty. For donaboro lo be recojnisa the thanty 111 have been notffj&Y of ts 8rnounts and the setuement date in Ting If there 8re cofjdilions attached itr tr8 donation and this require$ a level ol perfornian before Èntiuemeni can be obt81ned then Incom& is d&ferr8d unbl those condition$ are fully tnel or the fulfilment of Ihose cortditions Is thin the control of Ihe tharity and rÉ iy prob3ble th8tthey wll be full11J. Don8led focilibes and donat Pfofes5ional services are reCogned in Income at their fair value vthen their econrynic benefrt 18 prob8ble, can be measur8d reliably and the ¢hanty has mntrol over item. Fair value is deltmiin8d on basis of the of the to the charity. For example the atnount the charity WOU iE lling 10 pay in the otn markot for such facilitie5 and 50Trice5 A corr8swnding amount is recognised in expendthjre. 1.3 Donatlon$ andM8mbership Donalions and mmber5hip5 are only indud8d In the SOFA vthen the charity ha5 unGondition81 entilemeni to the re50urt*s. 1.4 Liability recognttlon l wpendilure is aceouniad for on an accru8Is basis and has been das51fied under headings Ihat aggreg3te all c0515 related to the category. Expenditure is reGognised wh8r& there Is a legal er (x)nstructive ob11g81ion to make paymenis to thiTd p3ries, Il is probable that the $ettlem&nt wll be requ10 and the amount of Ihe obligation can be mÈa8urÉd reli8y.
Europeal) Venous Foundatlon Notes to the Accounts for the year ended 31 Doc?mbBr 2025 1.s f•y&tAon As a rogisre charity, the organisation 15 exernpl Irom Income and corporatson tax to the exteni Ihat its incorntr 2nd galn$ aré applicable to charita6 purposes only Value Addad Tax is not recoverable by the charity, and 15 Iherefore In¢luded in IhÈ relevant Costs in the SOFA. 1.8 Managementandadmlnistfation exp¢ndiiur Support fDSts are those that assi8t the work of tho charity bul do not directty repre88nt charitable acbvits snd indude offire tosts, govÈrnanc8 Costs. administratwe payroll costs. They 8re Incurrett oirecY In support of expenditur on the objects ol the chaDly Hnu includè project management carried out at Headquarttrrs. Where 8UPPOrt costs cannot be dite(Ily attributed to partrcular heading5 they have been allotAied to cost of raising ryd5 and expenditure on chantable aGtiwtE5 on a basi$ w)$isteni ltrith use of the resources. Premi$e$ overt)8ads have been allocated on an insert detail bas15 and other ovetheads have been aloc8ted on an Insert detail basis. D¢btors andcredltors r8celvablelpayable within one year O£btor8 and Crlt0$ with no siaied ini8rast 18le and reI¥3J or payÈble with¥i e year are recotded 8t trBns8ction prts. Anylosses 8n51llg frotn Impaim8nt ara recogn15 In ewpnditur8. 1.8 Going concern The finanoal siat8ments hav8 beon prepar9d on a going concern basis as the tsustees believe Ihal no tnaierial vncertainlies exist. The twstees have consid8red the 18vel of funds held and the expected level of Income and expenditure for 12 months. Th& budgeted income and eXndItUre is sufficientwth Ih818v81 of reserve5 for th8 chadty to be able lo continue as a going concern Juduements 8ndkeysotses of estlmatlon uncertalnty No judgernenl$ (apart frcm those involwng esiimate$l hav8 been made In the process of applwng th8 above 8ccounbng policies that have had the most $ignifiGqnt effect on amounts regnised In the financial 8talem8nts. No key assumptions con[19 th* future and other key sources of eskn'mation unortainty 91 the portsng dale that have a signiflGqnl risk of causing a tnateri81 adjustrnenl to the cawirvJ 8moun15 of assets and liabilities wlhin next finenual year. Loan induded in other debtor5 (see note 111 Forelgn ¢utYen¢les TrsaCtiOnS In fweign curree8 a record8d at the rate ruling al the date of the transaction. Monetary assets and liabilitie5 denominaied In foreign crne5 are translared at th? ral6 of exehanue ruling uyiThJ the averagÉ year5y rate. All differ8ncas are taken ta the SeFA.
European Venous Foundation Note5 to the AGcounts for the year endod 310ecembor 202S sirncture of lunds The charity maintains ? general unre5kncted fund which repres8nls funds avalable to sp8rvJ on activities iaal further eny of the purpose5 of the chaiity. The designated fun0$ 8ie unrestricted fvnd$ of the charity which the tsu5tees have deuded $1 Ihwr disctelion to Sel aside to use for a specific purp09$. The funds may be he]d in order lo fin8nce iN)th wotkirvj ¢apltal and ¢aJital inveslmenl. R?8lncted fund$ have b88n provided lo the chanty for parbcular purposes, and rt is the poliry of th8 board of tnJ$ieès to carefully thè monitor the applicauon of ihose fvnds in accordance with the resknciions plaeÉd upon thx. On completion of any restricted project funds. any funds not u$ed a tr8nsferred to Unrestricted fvnds for the us8 on th& charitys general 04'ects. Any other proposed tr8n5fer beiween funds woukl be cons1d¢red the partscularcnum3t8n8. Concesslonary loan Concessionary 108ns indude those payaNe a third party which 818 illt8r851 freg 01 bèlow Ma interest rates and a made 10 advan(* tharitaNe purposes. All loan5 are repsyable on dwnand wthin one year, the loan is measured 8t cost, le55 irnpairnent. Where the loan is repayable more than one ypar, the IDsn is inityally measured al f81r value and sub5equenUy me35ured at amarnsed cost using the effective iniefest rat8 mathod. less Impairmenl Donation5 2025 2024 Corporate donations Okner donations 34.655 428 35.083 34.648 34,648 Trustee's and key m•nagement rIonnel remunoratlon and axpen808 Th& tmstÈ85 neither received nor vlaived any remuneration during the yegr12024.' £Nill. Thè truste8s are the key man8getnent personnel. There are no other 5t8ff costs. Indfrpendent gxamlntsr r8Munoraiion The Independent examiners rernuneratl¢n amounts to an independent examination fee of £1.680 12024. £1,680). No other servicas are provided.
European Vgnous Foundatlon Notes to the A¢¢ounts for the year ènded 31 Dec8mb8r 2025 oth•r oxpendlture 2025 2024 Bank charges Foieign exchang6 gaiThlws Insijran Accountsncy 29 18,9081 28 8,572 687 1,680 10,947 1,680 4,084 fo Èxpènditure on ch•ritabb actlvltle• 202S 2024 Qffjnt$ Donations Conferenc6 conrributons 16,319 28.112 35,617 78,048 4.801 16.844 28.302 50.047 202$ 2024 Other debtors and prepayments 132,263 132,263 193.174 193.174 12 Cr*dltor8'. amounts falllnq due wlthlrL one y¢•r 2025 20Z4 Other ¢reditOts and armals 1,820 1.620 11,620 11,820 13 Unrp8tr1¢ted funds 2025 2024 Gontrral 649.345 97.300 746.645 662,794 97.3 760.094 DesvJn2ted 13 Tranvcttons wlth trustees IDdu(led In other deblots is the ount 01 £132,263 whith is a loan made to European Venous Forum Ltd. a companywhich seme ol the trusteps are kna directors. 10