THE EUROPEAN ASSOCIATION FOR CARDIO-THORACIC SURGERY
Financial health, per its FY2025 accounts
The accounts state that the charity generated a modest operating surplus of €205,040 for the year ended 31 March 2025, with total income of €7,268,962. Per the trustees' report, free reserves of €7,440,672 are considered sufficient to meet future commitments and are in line with the stated reserves policy. The trustees confirmed that the charity has sufficient resources to meet its liabilities as they fall due, with no material uncertainties related to going concern.
What the accounts disclose
“During the prior financial year, the company engaged in a transaction with Resusitec, a company where the Founder is also a Trustee. The transaction involved a sales invoice for booth sales and one for cancellation fee amounting to €34,512.” — page 48
“During the year ended 31 March 2025, EACTS reimbursed the employing trust of the Secretary General for his time, amounting to € 45,000 (2024– € 46,865).” — page 43
“During the prior financial year, the company engaged in a transaction with Resusitec, a company where the Founder is also a Trustee. The transaction involved a sales invoice for booth sales and one for cancellation fee amounting to €34,512.” — page 48
“During the year ended 31 March 2025, EACTS reimbursed the employing trust of the Secretary General for his time, amounting to € 45,000 (2024– € 46,865).” — page 43
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (15/04/2011)
Trustees
- Associate Professor Lorenzo Galletti
- Dr Edoardo Rizzieri Zancanaro
- Dr Eduard Quintana
- Dr Florian Schoenhoff
- Dr Joseph Bavaria
- Dr Patrick Myers
- Dr Rafael Sadaba
- Dr Vladimiro Vida
- Dr Volkmar Falk
- Korkut Bostanci
- Mario Gaudino
- Professor Dr Michael Borger
- Professor Gloria Farber
- Virginia Litle
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £6.1m | £5.8m |
| 31/03/2024 | £6.0m | £5.7m |
| 31/03/2023 | £5.1m | £5.8m |
| 31/03/2022 | £4.1m | £4.4m |
| 31/03/2021 | £2.8m | £3.3m |
Common questions
Is THE EUROPEAN ASSOCIATION FOR CARDIO-THORACIC SURGERY financially healthy?
The accounts state that the charity generated a modest operating surplus of €205,040 for the year ended 31 March 2025, with total income of €7,268,962. Per the trustees' report, free reserves of €7,440,672 are considered sufficient to meet future commitments and are in line with the stated reserves policy. The trustees confirmed that the charity has sufficient resources to meet its liabilities as they fall due, with no material uncertainties related to going concern. Its FY2025 accounts were audited by Buzzacott Audit LLP.