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
ru*lL'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. fiii<illLiLtI >liilL'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
..IITrL*iidilui dLL(iuiilc*d 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
4<J8
18 (J69
4l)11
IL),4()1
.SII III>LIII'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 ul*il 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('<l fiinil
tiencrdl fund
88,352
8,445
96,797
"r()I'AI. II I I￿, Ij.
V(), l() i
A Lui'i'LiiI ) Liir 12 IT)¢Ji)Ilis and priur year 12 monihs coinbined nci movcincni in fuiids, includcd ii) IIIL abovc ¢¥l'C
as l¢)1 Ioivs:
Incoilling
rcsources
Resoui'ces
expcndcd
Movcmenl
Iii [￿1)dS
Ui) I'eslriLIL'd fuiids
(iCllCI'al fLind
40,899
(32,454)
8,445
'I"()'I'AL fiJNI)S
40,1199
(32,454)
8,445
10,
Rb'LA'I b.'l) I>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