2024-08-31-accounts

RFC.Is'fF.IIF.D CHARITY NUMBER: 516785 Unaliditcd I'inancial Statcmcnls tor Ihc Ycar I,ndc J.4 for Tch fun Johnslonc Flow¢ll & Co 104 Whiiby Ro¢id Cllcsnierc Ilon CIILShii'L C1165 OAB

I"hc Vascular SuTtsC Rescarch l und Conlents of the Financial Statements loi IIIL Y¢ai EiidLd 31 Au USI 2024 RoiJ(Ji l (If Ilie TIuhlLLA Slatemcnl of Financial Aclivities tJfilnnLC Shccl rJe.14illrd .%icltenie.i)t or rii)¢lllC.1411 Ac.Ilvlile

Thc V¢15cular Suroe Re5carch I'-und Rcport of Ihc Truslec5 ror Lhe YLdr EndL'd J l Auous12024 -rhc trusleLs present their report wilh ihc financial statements of the charity for the year ended J l August 2024. '1"he IrusieL'5 havc ddoplcd Ihc provisions of Accounting and Reporting by Chariiies.. Sthicmcni of Rccomni¢ndLd Pr¢iLIicc appl icublo lo L,Iiui ilii's pi L'PUI iiig IIILtiI' UL'L'uuiIIy iii UL'L'vrduIiLLi iviill Illl, I-. illUllL'iuI IILporling SLundurd uppl iLublL' 11] IIIL I,, IC Lind Ilepubl ic of Ii'eland (I.'IIS 102) (effcctive l January 2019). ODJI"CTivf.s ANI) ACTIVITIIS ()l)IcolivL.% uii(J aiiii professioiials cngaocd in this activiiy. TIIIICTIIRr, c()vrRN.4NCF ANI) MANAC.FMFNT -liv Llidi ilv Is Luiili ollvd bv ILS. kiovvi Iilii< duLuiiiuiII. u uf Irusl uiid LUliS1ilulvs uii uiiliiLL)fpL)rulud L,Iiurllv. Rl,:Ff.RF.NCF. ANI) AI)MINISTRA'fivb. DF.TAILS 5167115 Ilniversily l.lospilal Ainlrec rulL'c's l)r()li55()r J A Ilrcnnan Mi. I V Ili)w l)I' S 11 V<ill611)h41nL'Iii In(l('pi'nil¢nl b. mlnrT Mr A M 13<igylldll J(Ihii41()iiL I IOWL'II & Lo l U4 Whiiby 1106id l.'Ilc%m¢rc I'ort Q I l(15 OAII Appri)v('(I by L)rLlI'r ()[ Ihl bL)IifLI ol In1511'cs on L I l.cbriiiiry 202 find Ylb?ncd on 115 bi'hiill by: l)r S R Vallabhaneni - 'I'rustee Pagc I

Inde .endeni l-. xaminer's Re 'l-hc Vascular Sur ort to the Trustees or Research Fund Independent examiner's report to the trustees of The Vascular Surgcry Rcsearch Fund I rcporl io the chariiy iruslees on my examiniiiion of ihc accounts of'i-hc Vascul(Ir Surgery Rc5earch Fund (thc I rust) for the year cnded 31 Augiist 2024. RLsponsibilities and basis of report Ilio, Iliiii ilv It usli'c's uf IliL' -I'Iui>l J'uu uil, IL'syuiisiblL, for IIIL, pivyul'ulioii uf IliL' uL'L'ouiilS& ill uL'ioiduiiL'Lb lyjili IliL' ri'liu ii'iinL'nl% lif IhL' (". htiriliL'5 ALI LO I I I'ilIL' ALI,). I I'Lpurt iri rL'SPLLt of Tlly Lxutninuilon uf IhL -I'rus1's IlLLount5 Lurricd out uiidci- Scctloii 145 ol. Ihc ALI and Iii Lai'i-viii oul mv exdiiiindlion I havc lollowcd al l appl Icablc l)Irections Riven bv the L hdrilv Lominission undci. Scction 145(51{bl ol. Ilii, AL'I. 1ndepf.ndf Tlt eiaminf r'% slatement ac¢oiiniin(J records werc not kcpl in rcspect of the .1 rust as required by Section 130 of the Act: or IIIC (SLLouiil% do nL)l <lLCOI'd willi il)O%L I'cLords: or the arc()Iinl4 do not <'omplv with ihe dpplirable reqiiiremenlg eonrerning Ihe forni and ('Dnlenl ol'dCC.oiinls sel <)iil in ihe Chariii¢s (Accounls <ind Rcport5) Rcgulalions 2008 oihcr Ihan dny requircmcnt that thc iiccounts givc a Iriio kind fulr vloiv ivhl(.h Is nol n Iniillor ronsldorod pnrt of an indopondvnl o.Nninlniiilon I hbivc no cuniL'rns and hdvc comc sicross no oihcr maiicrs In conncciion wilh ihc cxaminuiion to which atlcniion shoiilcl be di-dwli in this reporl in order to enable a proper understanding ol. Ihe accounls to be rcachcd. Mr A M Il¢ignall l U4 Whiiby Koad I-'IIcsincrc Port Clicsl)irc (:1165 OAII 27 1 cbruary 2025 Page 2

'rhc Vascular Sur Kcsedrch fund Statcincnt of financial Aclivities for ihe Year Lnded J l Au usl 2024 2024 Uiire5ti'icted fund 202) l otal funds INC()Mf. AND P.NI)OWMF.NTS FII()M Doiiations (ind Icoacics 39.298 1.601 Lhn ritablc Activities tve.Iling 1nd iccomrnod?¢ tiDn Medir411 ti'aininp, ¢?iid re8ei)rc.h l Kllf 1(1,6IÉ1 fjox 189(iQ ,1gR 'I'otal 19,467 12,987 Nf."I' INCOMLI(r.xi>b:IYDI'I'Ullb:) 19,831 (11.386) Ilb'L()NC.'ILIA I'I()N ()P' P'IIN I) Tulal fuiids broiighi foi'wilrd 76,966 88,)52 '()'I'AI. I,'IINlI.4 ('rtIIIIII.'l) I,'(Iiiiydiiii (,,7()7 The not¢s fortn part of these financial 5talcmcnls Page 3

'rhe Vascular Surtre Ilescarch fund Balance Sheel 31Au ust 2024 2024 Unrcsli"iclcd rund 'I'ol¢il fuiids Nolo5 F'IXb.l) AS%I,:"I'. 'l-aiigiblc J5SCts L'LII{Ilb.'N I A%SF.' I S, L<LslI dl bdlik lJ2,192 18,410 CRFDI'fnR rt1i1o111I1s falliiiL dLlC iviII)iii ()ii<' y('ar (1,441) Nb.'I' CUllllb.N"I" ASSF.I'S 96.796 76.965 TOTAL ASSF.TS LFSS CURREWT .[ dlll [,I'l'l Ii.. V(b 71)7 7(I,V(,(I NFT ASSETS 96.797 76,966 QC.7V7 7( ()(,(, 'I'O'I'AL FUNDS 96,797 76,966 'I'hL finiinLiuI 51Jlcin¥nls ivcrc approvcd by ihc Board of Trusiccs and authoriscd foi. issuc on 27 Fcbrutiry 2025 and wcrc Sl8ned on ils behalf by.. l)I' 511 Vdllabhancni - 'frusicc "I'hc nolcs fotin part of these financial slatcmcnts

'I"hc Vascular Sur Ilesearch l-.und io1c5 to the financiiil Slatcincnts for the Year Endcd 31 Au usl 2024 ACCOUIY'I'ING I)OLICll4S Il>isis of prL'P# ring the fJnanLial 5tatcmcnts IIL. fiiiliilL'l¥ILI11s (Jl IliL Llicll Ily. IvliiLlI i& d publiL i￿lIll1l Liilily uiidLI I'IIS I U Iiuvc bLLlI pi Cp￿ILd 11 I aLL(11-ÉldllLL Hiiih IhL C.hariliL's SQR P (fRS I O?.) 'AcLoiinlin" Ind Reporliiig by ChuriliLs-. 8irtleiiiciil vr Ilccoinnicnded Praclice applicablc lo charities prcpii rin8 11)eir accoiinls in accordance wilh the l inilllclcil Il¢poriin %iiindard applicdblc In tlie UK and IlcpubliL ol Ii-Ll(Ind (I.'IIS 102) (cllLLlivL l J<iiiuai'y 2019),, I'inAiiriii I l<epoi'ling %iaiidtird Ill.? 'I'he l.11)Anriil Ilepoi1ing %iiiid411'd .Iiiplir:Iblr Tn Ilie I IK ynd l<erLihlir ol IILldiid' <lllLI ilic Llidl IlILs ilLI 2011. I IIL. IiiiilllLliil si(tILIIILiils Ii<lVL bLLII VIL'PillL.d uiidLI IIIL 111s1()I ILdl Lusl conv¢nlion. Iiicunio Is pi-nhiihlv Ihiit Ihc inrnmc ivill Iw I'eceivod ¢l1)d Ihr iimoiinl Ccin hr Inrii%iired reliiibly li xpenditiirc Lldblliiies <ire ItCORlll5cd a5 expenditui'e as soon as iherc is a Icgal or coiisli'uctivc ol)lixalion coiiiii)iLtii).4 tl)e cliarily io (hal expendilur¢. it is prob<iblc thai a transfer of economic benefits will be reqiiired in settlcmenl and ..IITrLiidilui dLL(iuiilcd l()1 (Ill #ll iILLI ualh l)dhlb uiiil Iidh iilli'ibiilL'LI lu piii'li¢iilui' Iieudiiiw5 Ili¢v l)4vL' l)vL'ii ull()LUtL.d i() IlLliviliL's on d b&%is Luiisi%lLiil iviili IIIL L15L UI. r¢soiirces. I nngiblc lixcd llsscts IIK'I)I'i'i liiil()11 5b pi'oiijclod &il Ilio folloiyiii.q iiiiiiiial I'aloa Iii oi'doi. lo ivi'iio otl. QdcII il%SQI ovol. li% oslliii<llLid Liliollil Computer cquipment 330/0 on cosl 'I'hc Lharily is exeiiipi fi'om lax on its cl)arilablc activili¢5. LJnrcsli'iLicd funds Lan bc uscd in accordancc wilh Ihc charilublc objcctiv¢s al Ihc discrclivn ()[' Ihc IruslCCS. IlcslriLlcd funds can only bc LlScd foi- particular restricted purposcs within (hc objccls of ilic cliarity. Rc5lriclioiis ai'isc when specified by ihc donor or when funds are raised for particular restricted purposes. Furiher explanalton of thc nalure ai)d purpose of each fund is included in the notes to the financial sialements. I)()NA I I()N&i ANI) LLGALILS ?0: 2023 l)onalions 39,298 l.()0 I Lonlinued...

The Vascular Sur Research fund Notes lo ihc financial Staterncnls - conlinucd rur ihc Ycar Endcd i l Auousi 2024 CFIAIII'I'AIII.Tr' ACI"IVITir.s cos.rs Support costs (see IitsIL 4) Direct L(J51b .1 tsldls Medical Iraining and research (iuvern£inLe costs 18,969 18,969 4LIII'I' L'US'I'S ro.8ts CJovciiiancc costs 498 'I'll I1.4'1'11 l.'S' 11 I,. M I.INI,:IIAI'I()N ANI) IIF.NlI Fll"% 'I'li<'.Ii' Iv('I'i' 11() 11-1141('.{%' Ix'iiiiiiii'.riiiiiill (11. <7lhrr hen(.lil£ li)r Ilir year ('nileil I l A(l>biisI ?n?4 nor l()r Ilip year en(le(I i l Augusl 202). I'ii¥tL'LS' CYPCIISCS 'I'Tri¢i'¢ wLrL 11<1 31 Augjiisi ?013. IrusteL's' cxpenses P<iid lor ihe vear e.nde.d 11 Aiip,Ii%l ?.0?.4 nor foi- tlir. ye.ar e.ndrd C()MI'AIIA'I'IVI,:,S I,'()11 'I'III.: S'I'A'I-P-M F.N"r ()r riNANCIAI. AC'I"IVII"IF.S INC.'()MF. ANI) b','IYI)QIVM&:N'I'.% F'II()M l)ondlions dnd Icg(ILies 1,601 F.XPF.NDITURF. ON c.hii I'itable i)ctivities '] r(ivcI lino cind &iccommodiilion Mediciil Ii'Hiniiip aiid I'esexrch liiTrvLrnanLL' LU'- 1.805 l 0.(1114 Total 12,987 NET INCOME/(EXPENDITURr.) (11,386) IIF.C()NCII.IATION OF FUNI)S l ulil lund,. bi-oiii?lii Ivnvard T()TAI. FLINDS CARRIF.D FORWARI) 76.966 ¢onLinucd...

"I'hL' V&iscul¢ir .Surocr Resciirch fuiid Noic% lu ihc I'111<lncial SilllLmcnls - Loiilinued ror Ilie Ycdr Endcd 31 Auousi 20?4 I'ANGIBLI.: b lXF,D ASSEI'S CuinpLilcr cquipn)cni Ai I Sepleinber 202) and J I Ikuousi 2024 2C),020 E) I,.IPI{Tr.C.'IA I I()N 26.01(1 AI J l Auk7LAsI 202J L ElIiL)I'I'OII.%.. AM()LIN'rs rAI.I.ING DUE IvI'fHIN ONF YF.AR 2024 202i MOVV.MF.NT IN FUNDS Ncl niovoi))oiil in lunil At 1.9.2.1 AL I I.K.24 UiirLstriLted fuiids (icnci'al fLiiiII 76,966 19,831 96.7()7 'I"O'I'AL I,"UIYI)S 76.966 19,831 96.797 Ncl muvcmciil in funds. included in Ihe above are as follows: Incoming rcsOUI'LCS Ilcsourc¢s cxpcndcd Mvvcniciil ii) fun(Is I liii'('$lricli'd fiindi ( IC,nci'al Iiind -49.J.91 (19.4fy1) 19,8.11 'roTAL FUNDS i9.298 (19.467) 19.831 Comp<1ralivL5 for movement in funds Nol movcmenl in ftinds Al 1.9.22 Al il.8.23 Unrcstrieted fuiids Cjencral fund 88.352 (11.386) 76,9()6 'ri)TAL FUNDS (11.386) 76,966 Pagc 7 LonlinLlCd...

'lThc Vascular SutOCI Rcsearch I'und Nolc5 iu Ihc l-. in¢incial Sialemciils- coiilinued for ihe Ycar Endcd 31 Au usl 2024 MOVF.MENT IN FUNDS- continued Comparaiivc iicl movemcni in funds. included in the above arc as follows- Incoming re.%oiirre.s Rcsourccs c.xpcnded Movcincnl in flind5 {1?. l)X7) (I I, 1146) 'I'()'I'A I. I,'I.',N I)5 l.(?01 (12,QX7) (I I,.i8()) CLin'cnl yeiir 12 monlhs lind prior yC¢ir 12 Inonihs combincd posilion is ds follows.. Nvl movcmciil Al l Q?? Al 118?,1 Iliir('slrii'l('AK'I'Y DISLLUSURfr'S 'I'lierc werc iio rclalcd party IransacLions for ihc vcar cndcd i l August 2024.

'I"he Vascular Suroc IIc5earch fund l)ciailed giiileineiil or rinancial Activilies lor ihe Year Endcd 31 Auou5t 2024 2024 INCOME Af4D ENDOWMENTS l)uiiiilioiis xiid ILgtlLiL'5 Donaiioiis !9,?98 1,601 til ii)L'Dming resoiiree% li Xl'l,, N l)I'['I1111,' LonfLrcncc cosl% ALcommodLtliun and iravcl Mcdiciil ii'<iiniiih diid r¢5carch 1,805 2,172 18,969 12.489 CiovcrnAnee costs ALci)ui)Iill)L J, 4lJ8 498 Iildl IL'SQlil Cl's L'xpc'iicIL'LI 19,1101 Nct iiiconiL.I(e.Kpciidiliii'e) 19,831 (11,386) 'liis paoc docs noi form pari ofihe statulory financi<il stat¢in¢nts