Charity registrdtion number 1181623 BRITISH SOCIETY OF ENDOVASCULAR THERAPY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR Ycmrs ciYucD 31 JANUAR T 2ti24 Gibbons f i riccountants & Tax Advisers SOLUTIONS SERVICE BRITISH SOCIETY OF ENDOVASCULAR THERAPY LEGAL AND ADMINISTRATIVE INFORMATION Trust8es Professor B Modar Mr S Neeouaye Mr P Bevis Mr P MoxF7 MrAbarattis Ms E Wkon Mr M CJaThlge Ms B Sandford Dr K Lewi5 Dr S Dindyal IAprx)uited 30 June 20231 IW'-,ted 30 Jur.e 20231 IAptX)T'nted 30 June 20231 30 June 20231 MT N Datt8ni M%s K Swith ¢harlty number 1181623 Independent examiner Gibbons Carleton Hous8 IAbrknngton Curnbria CA142LU BRITISH SOCIETY OF ENDOVASCULAR THERAPY CONTENTS Pag8 Trustees. ￿￿)rt Independert ex¥rnineVs report StstenRN OT knntsai ami 8aJ8rKe sheet Notes to the finanual staternents 8-13 BRITISH SOCIETY OF ENDOVASCULAR THERAPY TRUSTEES. REPORT rOR THE YEAR ENDED 31 JANUAR Y 2024 The trustee5 present annual report and fmanual statements for Ihe year ended 31 January W24. The financial statements have been PTapared In arA￿an1* ￿tkn the ac￿)untsn9 po11ie$ set out in note 1 to the financial statements and compty with the rth8rity's govemrng doCAJ￿¢nI. Ihe Charibe5 Act 2011 and 'Accounting and Reporting by Charities.. Staternent of Recornmended Pracbce apDlic8ble to charits.es DreD8ring Iheir accounts in accordanc£ ￿1h the FInanU￿ Reporbn9 siandard appknbk ￿ itie UK -_d RepknV4I￿ v. ,,.-,,. leffedive 1 January 20191. Oblectlves and actrvths The British Society of Endiwas¢yJL4rTherapYs prirnary r(Ae is to prormte the best in rÈ888rth, training. educab.on and dinical practice of endovas¢ular therapies for Ihe benefft of people medthl Cor￿1￿.0￿$ who could be potenttalty helped by endowasojtar Iherapies. It athieves this wilh the fouowng 8iir6: to advance neatth by prorrb)ting scienlik researd). edUL¥￿ and training in end￿85￿JL8T treath*nt and procedu￿$,. and to 8ffvance the educalion of Ihe publi and arwryJ5t heamh professionals ITh endovas￿lar treatment and procedures The Society continues its cxjmmitmenl to irnprwng the qu¥ of endovas(JJlar surgery in the UK through its trasning course5, Annual Meeting and Train￿9 FeUowEhips. The 88ET rrEeting is the only dediGqied UK meeting for the presentsb.on of endovasujtsr ￿Search. lis unique format encourages high level dk%tsJ5SSDn a¥￿ partiopation and the ffleeting faculty attracts the worfd's leading endovascular spe(Jalists. The Souety'$ tru$tees have ￿Mpl￿d wilh the duty in Section 4 of the Charili&s Ad 2011 to have due regard to Publi¢ Benefft guidance publi%hed by the Charity Commission. A¢hlevemerrts and perfo￿ance n and Trainin The Soaety'sAnnual Meeting wa$ hek1 In JU￿ 2023. The rneeting aitracted over 120 endovascular consuttants, trainee5 and zllie(5 medir21 professionals_ The programme ts)mpri$ed presentations frorn guest speaker8 from Italy. Denmark and the Nether18nds, vAth abstract and poster pfesentsts.ons from endova5cular trainees M the A N8tional Vascular TraIn￿g Day was held prior to Ihe Annual Meeting for jynior endovaswlar trainees ¢omprf$ing srnall case based disDJssion group8 and pra¢b"ral train￿9 on endova5¢ulai devi￿. The BSET Endovascular Training Course was held Tn 2023 for senior vascular 8n(S interventional radiology tr8ineès. Attendees were taught in small group sesssons looknng 81 the finer points of endovascular treatment alongside sndusty who provk1ed h8nd￿n prac*al tr*ning on 5UFgical dewce5. The BSET Fellowship Programme w8s advertised for 2023 and one End0¥as￿L1[ Training Fellowship was appointed vtho undertook a six trdining post at St Georges Hosortal. London. Two Endovascular Travel Fel￿w5 were appointed. and ftmding was gNen to $4wt frjrther traMing in sperAaknst endovascular unts In Denmark and NorthAmenca. BRITISH SOCIETY OF ENDOVASCULAR THERAPY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2024 Researth The BSET-ConfomiabLe ÈndoVas¢U￿T Aneurysm Registy. on beh*f of Gore. comrnen¢ed in 2019. The primary objectwe of the ￿giStry is to eolw ￿3￿wortd dini(21 data and de￿ specific othu)rres of GORE EXCLUDER Confom)able AAA Endopr05the515 in rotrtine dinical treatsnent of abdominal aoTb¢ alleurysm. All (lat3 check5 On 12 monlh fojlow-up dinical %Jata has been anawd. A manusrript has been p￿pared for publ¢*ion to the European Joumal of V8soJlar anc Endovascular otsrgery (EivLaj. I nere are various reguiaTW proceoures required for study clostrout. Sndudlng a fjnal report to the Nat*)nal Eilics Commrttee recording the siuty resuh5 in Clinicarrrials.gov. Progrès$ was n¥gde wEth Ihe GLOBALSTAR projecr during Ihe year. A ¥a5(yJlar ￿searcher based at a speuali5t unit commen(*d WO￿ in following up Ihe lon￿e￿ dats from Contrib￿ting ￿rttres. 807 ¢ases ￿tt) o)mpiete p operative data had been identified in seven 'historic' centsES, with four addstional ￿ntreS co[￿¥buting dats. The dats would be presented at the Annual Meeting in June 2024. The proj&t colle¢is dutability data on fenestrated devices wth one of the lonpsl follow￿pS in Ihe literatsJr& 11 is Ihat publith.on ot the final data wli I po$rtivety Inffluence cotrvrussioning deosion5wilhin the NFIS. Struclur8 vem ce mèna Th￿e forrral Trustee m8etiros were hdd ￿ person and LTh orth duriThJ Ihis wic4. Organisabonal m81ters were dealt with wa email. A new PresthnL Toasuw and Education Committee Chaw5 wer8 &￿tted in June 2023. and four nav Trustees. A complaint5 policy was produced whith would be made avali ab￿ on request. The Trustees ha¥e adcnowtedged the need for a poll¢y on equality. diver5tty and indusion. This has been the subied of discussion at Trustee meetings and an appropriate polLy be t*JWished in due o)urse. Aims and kev ob 8chves forfufu riods The Trustees planned to wntinue to hold the EndovasrJJL4r Training cou￿8 In ma￿ 2024, and also holo the Annual Meeting and National VaS￿l8r Trainry Day in June 2024. as fa¢e4othce n￿ting$. An EndovaScu￿rTrair￿9 Fell(￿ShIp Travel Fellowship be offered in 2024. A Researrt+ Pump PriftHng Grant be awarded kn $UPF￿rt a resea￿ proieci in the field of endovascular therapy. The Trustees wll cortin￿ to *Y)tk dwrity The CiriyJ8tion Foundation to update their patient inlormatk)n leaflets relating to endovasculartreatment. Discus$ions I￿11 take ptace with the Biibsh Society of I￿terventional R8diokn with Ihe aim to form a doser lation5hip be￿een BSET and 8SIR to Invo￿ in￿aSed partK>pab"on of Sooety men*Jers at both rneetings and in¢￿aSed dologue. BRITISH SOCIETh OF ENDOVASCULAR THERAPY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024 Financial review The Society's reserves vras in(xeased to £280.L¥X) to refiect cost oflmng inc¥ea58s. Thi5 WOU￿ alow 8SET to keep oppwmatety 2 yèars 8nnual operating costs in resei¥e. The b￿slee5 will conlifjue to asse55 the level of reserves il requires and will U￿Ble the poliw rf rt 15 fe￿ its finanoal rffjvl￿Ments have changed. Tiie reserve$ kX)Ilry ensu￿$ Un￿$b)C￿ ftmds are sufficient to nwttsvo year5, actsvity ofthe Sodety, to cover. al The rtsk of unforeseen err*rgency or othw unexpe¢W need for lunds. e.g. io provide'seed-funding, for an urgent project. bl Unforese8n daY-t￿daY opwational costs. e.g. empbw.ng terwrary slaff to rknver a kJThJ48rrn sick absence. CIA source ofincorrE. e.g. a spon50tship of tsjr Mee￿"n9$. not bw.ng ￿n￿rtd. Fund$ m￿ttt be needed to giv8 the trustees time to take ad¥)n rfincoffe W$ Wow ewtation8. d) The need to fiJnd short4etm deficits wi a cash bud9eL e.g. mney need to Èe spent before a fijnding grant is received. stTUCtur81 governance and managem8nt Every trustee is 8pwnled for a terrn of three years. In selecing indMdu* for appointment as rtharty tnJste8S, the charity trustees must have ward lo the skills, kn￿edge and experience neeiSed tsrthe effeLtive adTh¢nistration of the CIO. IndDriduals 8r8 requested to Submit a 21)) lwrd pelsonal statement I￿101￿ why they wtsh to act as a th8tEty tFUStee. I new trustees a￿ asked to s1Jn a stslement Ofell￿￿7￿ ￿ a￿ sentthe folk)w4ng.' . The ¢hariVs con$blui The minutes of Counul rneetings forthe w2vKJus year, st of Current Irustee$ and ¢onts¢.t det¥il¢: Annual list of dates of trustee rneetings- The most recent Charty ac¢(wnts". . Acopy ofthe Cha¢ty Cim¥sston put4ication Tr Essential Trustee- lthat you ne8d to kr¥)vl.. The Trustees agreed to vtsoduce a new role ofV￿&Presldeftt The Wr&PresKlent will commence the role after Ihe Annual Meeting in June 2ff24 for a one year lead4n period p[l￿t0 taking on the ￿le as President for two years trom June 2025. The p05thon be Op￿ to all pwous and Current Counal mernkn2rs of 8SET. There are fourtru5tee (COU￿ry rneetings a yearatwhth operati￿￿ and finan(aal matters of the a discussed, anl slr8tegi¢ de¢i$i¢ns about the direction of the th8rity are taken. In be￿￿en meetings. deasons are made by telephone or e-rnail communK3tson belween the Honorary Qfters and olhertrustees. An adrninistratorwcthg on a mn5ultrdry basis deats *7th lthe tnalters pertainrng to the gener￿ organlsatton of the Society. Annual Meeting and oU)erevents. BSET has collabo￿tiVe links With Ihe Royal Cdlege ot Sut9eons (Engl. Royal College of Sur9eon5 IEdl, the Vaswlar Souety of Goal Britaip and Ireland. Ihe Rouleaux Club. the Britsh Society of Interventional Radiology, the BSIR Trairtses to help fvrther the aims of the devekjping sp8L¥ality an¢J to ddwer high standard5 of practice. The trustees, rep rt was appro¥ed ty the Board of Ttustee& -$or B Modarnl Trustee Dotecj.. BRITISH SOCIETY OF ENDOVASCULAR THERAPY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH SOCIETY OF ENDOVASCULAR THERAPY I report to the trustees on my examination of the financial statements of Britssh Society Of Endovascular Therapy Ilhe charity) for the year ended 31 January 2024. Responsibilities and basls of report As the trustees of the charity you are responsible for the preparation of the financial statemenls in accordanee with the requirements of the CharitiesAct 2011 Ilhe 2011 Acll. l ￿port in respecl of my examination of the charity's fina￿al slaternerts canied out under seclion 145 of the 2011 Act. carrying out my examination I have followed als the applicable Direth"ons given by the Charity Commission under section 145{5llbl of the 2011 Act. Independent exarninerfs statement Since the charity's gross income exceeded £250.000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. l Confirm that l am qualffied to undertake the examination because l am a member of ICAEW, which is one of the listed bcdies. Your attention is drawn to the fact that the charity has p￿pared financial statements in accOrda￿e with Accounting and Reporting by Charrties preparing their accounts in a￿rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charits"es". Ststement of Recommended Practice issued on 1 April 2005 vthich is referred to in the exianl regulations but has now been wrthdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examinab"on. I confimi that no matters have come to my attention in connection wrth the examination giving me cause to believe that in any material respect". accounting records were not kept in respect of the tharity as required by section 130 of the 2011 Act,. or the financial ststements do not accord wth those records", or the financsal statements do not comply Trmth the appli(3ble requirements conceming the fomi and content of accounts sel out in the Charrties (Account5 and Reports) Regulatsons 2008 other than any requirement that the accounts give a true and fair view which is not a matter o)nsidered as part of an independent examinalion. I have no concems and have come across no other matters in connection Trmth the examination to which attention should be drawn in this report in order to enable a woper understanding of the finar￿la1 statements to be reached. Tony Hindmoor BFP FCA Gibbons Carfeton House 136 Gray Street Workington Cumbria CA14 2LU Dated.. 03 July 2024 BRITISH SOCIETY OF ENDOVASCULAR THERAPY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY2024 Current linanci81 year Unrestricted Restricted funds funds 2024 2024 Tota5 Total 2024 2Q3 Notss eande Donation$ and legathes Other trading a¢bvib"e5 Other Inco￿ 18.976 204,999 29.207 2￿,844 26.299 26.299 Totsl income 68,964 389.907 253,182 end•￿Te on.. Charitable activities 234.81kl 76.003 310.809 228.769 Net in¢omellexpendlturel for the y￿rf Net movement In funsJ$ 86.337 17.0391 79,298 24,413 Fund balances at q Febwary 2023 287.7G3 72.470 360,233 335.820 Fund balances at31 January 2024 374,1(N) 65,431 439.531 3eo,233 The statement of hancial acti¥71ies indudes all gains and 1055es recognised in the year. The statement of finandal a¢tNitss indudes all 98ins and kjsses reuyjntsed in the yw. All ir¢¢ome and expenditure derive from continwng activibes. BRITISH SOCIETY OF ENDOVASCULAR THERAPY STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY2024 Prforfinanclal year Unrestrlcted Reskncted funds funds 2023 2023 Total 2Q23 Income and endoW￿er￿ from: Donations and legaue$ Othertrading activ¥t*s Other income 18.976 18,976 204.999 204.999 29.207 Total Incorne 234.206 18.976 253.182 nditure on: Charitable actvities 228,769 228.769 Net incomall8xp8ndituro1 for the yearl Net movement in fund5 5.437 18.976 24,413 Fund balances at 1 February 2022 282,326 335.820 Fund balances 4131 January 2023 287,7&3 72,470 360.233 The statement of fir$an¢y￿ a¢bvlbes ty￿udes al gains bsse5 reCogn￿d in the ye&. The statement of finanL?al xbvibes tndudes al gains and losses rwi58d in the year. income and expenditure delive from COn￿nuing a(*ths. BRITISH SOCIETY OF ENDOVASCULAR THERAPY BALANCE SHEET AS AT 31 JANUARY2024 2023 Fixed a$$ets Investments 10 1(X),100 Current asstrts Cash at bank and ffl hand 340.&51 1,763 Credltors: amounts falling due wlthln one year 11 11,520) {1.5301 Net currarrt a88ets 339.431 360.233 Total assets less current liabi1sbeS 439,531 380.233 The funds of the ¢harlty Restricted intt>me fitnds Unrestrrcted funds 12 65.431 374.100 287.763 439,531 360,233 The fwRn(aal statements were approved by the tW8tees on ....................... Mr P Bevis Trustee BRITISH SOCIETY OF ENDOVASCULAR THERAPY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY2024 A¢¢ountlng pollel8S Charity infom1a￿on Brth"sh Society Of ErtdovasCUbrThe￿ is a dwritabk incarFwaW orgar¢Lsatson. 1.1 Accounting convention The finanual statemerFts have been prepare(l in ar£Orda￿ wdh the Charibe$ Act 2011 and 'Acc04Jnlillg and Reporting by Charities." StsteryETht of Rea)rnrnptMled Pracbce ap￿.Cable to charity.es preparing their accounts in accordance with the FinaficM?l Reptyb"ng Stsndar