|
Registered number: 08309402
Charity number: 1153778
EUROELSO ASSOCIATES
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
CONTENTS
|
|
|
Reference and administrative details of the charity, its trustees and advisers
|
|
|
|
|
Independent examiner's report
|
|
Statement of financial activities
|
|
|
|
|
Notes to the financial statements
|
|
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 NOVEMBER 2025
|
|
J H Smith (resigned 2 December 2024)
|
|
|
A Combes (resigned 2 December 2024)
|
|
|
|
|
|
T Muller (resigned 2 December 2024)
|
|
|
|
|
|
|
|
|
|
|
|
|
Company registered number
|
|
Charity registered number
|
|
|
|
c/o Armstrong Watson
First Floor
One Strawberry Lane
Newcastle upon Tyne
NE1 4BX
|
|
|
Armstrong Watson LLP
First Floor
One Strawberry Lane
Newcastle upon Tyne
NE1 4BX
|
|
|
Barclays Bank plc
Percy Street
Newcastle upon Tyne
NE1 4BX
|
|
|
Hay & Kilner LLP
The Lumen
St James' Boulevard
Newcastle Helix
Newcastle upon Tyne
NE4 5BZ
|
Page 1
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2025
The trustees present their annual report together with the financial statements of the EuroELSO Associates for the 1 December 2024 to 30 November 2025. The report serves the purposes of both a trustees' report and a directors' report under company law. The trustees confirm that the report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Standard of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the |UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Structure, governance and management
a. Governing document
EuroELSO Associates was incorporated on 27 November 2012 and is a company limited by guarantee governed by its articles of association. It is a charity registered with the Charity Commission.
EuroELSO also has bylaws which regulate matters such as membership, steering committee membership and responsibilities, finance, the conduct of business meetings and activities and the rights and responsibilities of EuroELSO under the ELSO charter.
b. Appointment of trustees
The charity may by ordinary resolution appoint a person who is willing to act to be a trustee. The trustees may also appoint a person who is willing to act to be a trustee, but that trustee must retire at the next annual general meeting. The number of trustees shall not be less than three, but shall not be subject to any maximum.
c. Induction and training of trustees
The induction and training of trustees is dealt with according to individual need.
d. Organisation
The trustees who have served during the year and since the year end are set out on page 1. The charity is managed by the trustees who either meet or hold teleconferences. Any trustee may call a meeting of the trustees.
The charity is managed on a day to day basis on behalf of the trustees by Dr A U Hoskote.
e. Risk management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that the risks have been assessed and controls established to mitigate those risks.
f. ELSO
ELSO is an umbrella organisation based in the USA which authorises the formation of affiliate chapters that represent ELSO centres within a geographical location by a majority vote of the steering committee. EuroELSO is the European chapter of the Extracorporeal Life Support Organization.
g. EuroELSO Associates Enterprise Limited
EuroELSO Associates Enterprise Limited was incorporated on 1 December 2014 as the wholly owned trading subsidiary of the charity and carries out trading activities for the charity. The subsidiary gift aids profits to the charity, subject to the retention of reserves for its own working capital requirements.
Achievements and performance
Page 2
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
Achievements and performance (continued)
a. Objectives and activities
The objects of the charity are to advance and promote the relief of critical illness across Europe through:
(1) the development and evaluation of novel therapies for support of failing organ systems;
(2) maintaining a registry of such novel therapies;
(3) using the registry data to support clinical research;
(4) providing educational programs for medical professionals and lay communities on such novel therapies including organising a scientific symposium each calendar year.
The trustees confirm that they have been given the general guidance produced by the Charity Commission on public benefit including the guidance 'public benefit running a charity (PB2)'. The trustees are confident that public benefit is achieved through the objects of the charity.
During the year the charity's main achievements were as follows:
b. 13th EuroELSO Congress in Milan (2025)
The 13th annual congress was held in Milan between 23-26 April 2025. It continues to be seen as the leading scientific and education opportunity in ECMO through plenary talks, lectures, pre-congress educational courses, educational corner and oral and poster abstract presentation. It provides clinicians an opportunity to meet and collaborate as well as discuss ECMO with industrial partners. It was attended by 1,724 people and 240 faculty. Additional support was given to new and emerging clinicians through 10 young investigator awards, 10 travel grants and reduced registration fees for students and non-physicians. The feedback from the conference was excellent.
c. Webinar programme
There were 4 webinars, free to view, that were conducted by EuroELSO that were sponsored by the charity:
1. 19th March 2025: Hot topics in Normothermic Regional Perfusion: perfusionist's perspective (Joint with the European Board of Cardiovascular Perfusion)
2. 15th July 2025: Rehabilitation on ECMO – A team approach (Adult & Pediatric)
3. 30th October 2025: Post-Cardiotomy ECLS
4. 24th November 2025: ECLS in Accidental Hypothermia
All the webinars have been well attended with some having between 150-250 live attendees and between 500-850 views on the YouTube Channel.
d. Research grants
The Research grant programme was run in 2024 and 4 grants totalling 70,000 EUR were awarded in 2025 and fully executed. Furthermore, the charity organised a 2025 round of research grants to support key research in patients supported on ECMO. The list of research grants awarded by the Charity to research groups across Europe over the years are as follows:
Alberto Zanella - University of Milan
The photosensitivity of drugs may lead to a reduction in their therapeutic efficacy during treatments with extracorporeal circuits
Katharine Schmitt - University of Berlin
Neurodevelopmental care for children after pediatric mechanical circulatory support – problem scope, state of care, and parental emotional distress
Jurgen Gradeneder - University of Vienna
PERCEPTION - SuPER-Early Neuroprognostication in ECPR Patients: Feasibility of Automated Pupillometry and Cerebral Near-Infrared Spectroscopy – A Prospective feasibility Study
Pierre Bourgoin - University of Nantes
Monitoring of direct thrombin inhibitors during Pediatric ECMO: prospective observational multicentre study
Page 3
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
Achievements and performance (continued)
e. Educational grant to the EuroELSO ECPR Working Group
The working group payment of 10,000 EUR was paid to University of Prague (for meeting in October 2025) for the organisation of the European Prague ECPR School – a very successful educational meeting that has grown in strength over the years. Around 300 delegates participated in ECPR School last year – the theme being ‘Refractory cardiac arrest and ECPR – evidence enough?’
Financial review
a. Results
During the year, the charity had net expenditure of £1,080 (2024 net income: £62,623) as shown in the statement of financial activities on page 8. The total funds as at 30 November 2025 amounted to £611,964 (2024: £613,044).
b. Reserves policy
It is the policy of the charity to maintain unrestricted income funds at an appropriate level to ensure that charitable and governance expenditure can be met out of undistributed income.
c. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Plans for future periods
Scientific Meetings - The meetings and video conferences during the year have focused on the planning of further meetings in Dublin (2026) and Vienna (2027) and Marseille (2028). Submission of patient data to the Registry has stopped in many centres due to concerns about GDPR regulations. The charity continues to support an evaluation of this to enable more centres to submit data to ELSO as this is a key research and benchmarking function provided by ELSO.
The Trustees and the EuroELSO Steering Committee considered a new proposal to introduce an evaluation process for Charity funding applications, with the aim of ensuring that funds are distributed fairly and equitably to activities that align with the Charity’s aims and objectives. The proposal is currently being developed and will be reviewed and approved by the Steering Committee before applications are invited.
Interplan
The charity has decided to prolong its contract with Interplan (based in Hamburg) to perform its secretariat functions until 2029. We have an excellent relationship with them and their links to sponsors have ensured the annual congress is successful. The Trustees and directors will review the need to retender in the future.
Financial risk management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 4
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
Statement of trustees' responsibilities
The trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial . Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
∙select suitable accounting policies and then apply them consistently;
∙observe the methods and principles of the Charities SORP (FRS 102);
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of trustees and signed on their behalf by:
Page 5
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2025
Independent examiner's report to the trustees of EuroELSO Associates
|
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 November 2025.
Responsibilities and basis of report
|
As the trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
|
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
|
|
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
|
|
|
the accounts do not accord with those records; or
|
|
|
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
|
|
|
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
|
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report.
Signed: Dated: 24 August 2026
Edith Chapman FCA
Armstrong Watson LLP
First Floor
One Strawberry Lane
Newcastle upon Tyne
NE1 4BX
Section AuditReport insertion point
Page 6
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 NOVEMBER 2025
|
|
|
|
|
|
Total funds brought forward
|
|
|
|
|
|
|
|
|
|
|
Total funds carried forward
|
|
|
|
|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
|
The notes on pages 10 to 17 form part of these financial statements.
|
Page 7
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
REGISTERED NUMBER: 08309402
BALANCE SHEET
AS AT 30 NOVEMBER 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the trustees on 18 August 2026 and signed on their behalf by:
Page 8
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
REGISTERED NUMBER: 08309402
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2025
The notes on pages 10 to 17 form part of these financial statements.
|
Page 9
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. It has no share capital and the liability of each member in the event of winding up is limited to £1. The address of the registered office is c/o Armstrong Watson, First Floor, One Strawberry Lane, Newcastle upon Tyne, NE1 4BX.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
EuroELSO Associates meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
There is a reasonable expectation that the charity has adequate resources to continue in operational existence for at least the next twelve months and on this basis the charity is considered to be a going concern.
All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants and donations and is included in full in the statement of financial activities when receivable. Such income is only deferred when the donor specifies that the grant or donation must only be used in future accounting periods, or the donor has imposed conditions which must be met before the charity has unconditional entitlement.
Investment income, such as interest, is recognised when receivable. Gift aid donations from the subsidiary undertaking are recognised when actually received.
Page 10
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
2.Accounting policies (continued)
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.
Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Governance costs represent costs incurred in connection with the administratrion of the charity and compliance with constitutional and statutory requirements.
All expenditure is inclusive of irrecoverable VAT.
The charity is not required to prepare consolidated accounts in accordance with the Charities Act 2011, and has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the charity and its subsidiary undertakings comprise a small group.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the statement of financial activities.
The investment in the subsididiary is valued at cost.
Trade and other debtors are recognised at the settlement amount.
Prepayments are valued at the amount prepaid.
Cash at bank and in hand includes one sterling current account and one Euro current account.
Page 11
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
2.Accounting policies (continued)
|
|
|
Liabilities and provisions
|
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
|
|
|
Income from donations and grants
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gift aid donation from subsidiary
|
|
|
|
Page 12
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
|
|
|
|
|
|
|
|
Loss on foreign exchange retranslation
|
|
|
|
|
|
|
|
|
|
|
|
Independent examiner's remuneration
|
The independent examiner's remuneration amounts to an independent examiner fee of £1,550 (2024 - £1,389), and accountancy fees of £1,500 (2024 - £1,359).
Page 13
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
|
|
Trustees' remuneration and expenses
|
|
|
During the year, no trustees received any remuneration or other benefits (2024 - £NIL).
|
|
|
During the year ended 30 November 2025, expenses totalling £950 were reimbursed or paid directly to 1 trustee (2024 - £4,435 to 3 trustees).
|
|
|
Investments in subsidiary companies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following was a subsidiary undertaking of the charity:
|
|
|
|
|
|
|
EuroELSO Associates Enterprises Limited
|
|
|
|
|
The financial results of the subsidiary for the year were:
|
|
|
|
|
|
|
EuroELSO Associates Enterprises Limited
|
|
|
|
|
Page 14
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed by group companies
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
Page 15
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
|
|
|
Statement of funds - current year
|
|
|
|
|
Balance at 1 December 2024
£
|
|
|
Balance at 30 November 2025
£
|
|
|
|
|
|
|
|
|
Page 16
|
|
EUROELSO ASSOCIATES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
|
|
|
Statement of funds (continued)
|
|
|
|
Statement of funds - prior year
|
|
|
|
|
Balance at
1 December 2023
£
|
|
|
Balance at
30 November 2024
£
|
|
|
|
|
|
|
|
|
Page 17
|