THE PARLIAMENTARY ADVISORY COUNCIL FOR TRAYSPORT SAFETY (A Company Llmited by Gw#TXntee) DIREcfoRS' Af*'D TRLISTEES. REPORT AND FIYLYCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 CompAny No". 2366377 (England and Wales) Charity No: l(168607 THE PARLIAMETriTARY ADVISORY CObYCIL TrOR TRANSPORT SAFETY COYTEYTS ADMINISTRATIVE INFORMATION DIRECTORS, AND TRUSTF.ES' RETX)RT 2-11 INDEPENDENT EXAMSNER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEF.T 14 NOTES TO THE FINANCIAL STATEMENTS THE FOLLOWING PAGF. IS FOR MANAGEMENT INFORMATION PURPOSES ONLY AND t)OES NOT FORM PART OF THE STA TLTTORY ACCOUTr4TS TRADING AND PROFII" AND LOSS ACCOUNI. 23 THE PARLIAMEi%TAR Y ADVISOR Y COUYCIL F R TRANSPORT SAFETY ADMINISTRATIVE INFORMATION DIRECTORS AND TRLSTEES Anthony Ciablwro Ichairnian) John Plowman Jonathan Crockett Julian Hill Jeanne Breen OBE Daniel Camps￿1 Teresa Ciano Mari Creagh Muhamm¢d Sadique SECRETARY & EXECUTIVE DIRECTOR David Davies COMPANY NUMBER 2366377 (England and Wales) CHAIUTY NUMBER 1068607 REGISTERED OFFICE Suite G2 Buckingham Court 78 Buckingham G￿e London SWIE6PE WEB SITE INDEPENDENT EXAMtNER sa￿en1 & Co Chart¢ml A¢¢ouniants and Reporting A¢countants 219 C￿).dOn Ri>ad Caterham Surrey Cli-) 6PH BANKERS CooFmiive Bank plc PO Box ?50 Delf House South Way Skelmersdale WN8 6wr {2) THE PARLIAMEr￿A ADVISORY COiiYCIL FOR TRAIYSPORT SAFETY COMPANV IYO: 2366377 ENGLA]%D AND WALES DIRECTORS, AND RUSTEES. REPORT FOR THE YEAR END D 31 MARCH 202 The directors and trusiees present rheir annual report and ihe audited financial statEments for the }ear ended 31 March ?022 in respeci ofrhr Parliamcntaly Advi50r¥, Council for Transport Saf¢tv (PACTS). The financial statemenis have ken prcpared in accordance ivith the accounting w)licie5 set out in notes to the accottnt5 and comply with ihe chariTh' s oo*erning docuinent. the Charit￿es Act 2011. Ihe Compani¢s Act ?006 and Acrouniing and Reportin. b%. Charitses- Statemenl of Recoininended Practice applicable to charities preparing iheiT accounts in accordance with the Financial Retx)rting Standard applicable in the LK and Republic of Ireland {effcctiTrt January 2019). OUR PURPOSE AliD Acriv TIES ()bjeciiiJu aJ7dSLf)pe M)e charitable objective of PACTS is-To proteci human life through the promotion of iransport stfery for the public btnefiL'- The trustees have developed and refined their objectives oi'er many s'ears. In ihe second half of ?021, Ihoroush rEVLew of strategy was launched. Thi5 11.ill be complcted in the second haifof20?2. This report presents the position at )1 March 20?? A tran5POrt safety framework d￿Umen1 including safery priorities for roa(L rail and air transport, H'as develop¢d by the Policy and Research Commiltec (PRC) during 20201? l. The prioriiies include a stronger emphasis on promoiing safe rnodes (public tr31L5porl) and active travel I￿.alkin￿ and cycling) which has wider benefits. This is an iniernal d(Kumeiit tn which prioriry i$5ue5 and actions can be updated periodically. The trustees rttognise th￿ majoT policy issues. such as the econo￿Y and climate change. ot crises such as Covid 19 and Russia's invasion of I;.kraine, are higher wTrlttical priorities for the goveminent than trdn5POrt safety. PACTS seeks io engage in a range of public polic￿ debates, including transport, health and sustainability, adding the safety dimension, ahyays Inindful of our Chariiable objective. It is on th¢ roads wheTe most tran5[￿-re￿aied deaths and 5eTiOUS injuri¢s occur. Trnsiees believe thi5 IS where PACTS should focu5 It5 efforts and M'here It can have most impaci. The irusiees support the Sufe sj.slem for road safffj. fft3nage]nenL in accordance w'ith In￿rnatIOnal best practice and have adopted the following.. Vision." "A safe iransport systemfreefradly in line with previousyears. As noted, PACTS focuses on r08d safety as this 15 where m05t improvement is needed bui mainthins an active ill￿re$t in rail and air safety issues. PACTS profftoies evidence-based solutions in twsN)rt safety. This involv£s dissemination and discussaon in two direciions.- Firstly. to raise issues with Minisfrrs Parliamentarians and with their advisors and other opinion-fomiers. civil servants and officials in order to ensur¢ that a focus on reseawh-based options is mainlained within 20vemtn¢nL Secondly. to H'iden Ihe knowledge base of the profession and the interested publi¢ through m¢etings. confercnce5. working partie5, discussions and research papers. Covid re5thctions a(pain changed ihe PTe-20?O delEvery methods. Fro￿ March 2020 until March ?02? all PACTS Tneetings have been held online. This has proved sU￿¢s$ful, saving lime and c05t5. and enabling significa]tly more people io participate. For 202?J23. more flexible arr4ngements are planntd. PACTS continued io provide the 5ccreiariai io the All-Party Parliamentary Group (APPG) for Transport Saf¢ty, now co-chair¢d by MPS Sir Peter Bottortjley and Ruth Cadbury. and Baroness Randerson. PACTS receives no income for this role and the APPG has none. The trustees are very sad to report that Viscouni (Jan) Si¥non passed away in ?021. Vis¢ount Simon was a Deputy Speaker in the House of Lord& a longstanding advocate for roads policing and road safery. a Vice Chairman of the APPG and a great supwMTrr ofpAcrs. PACTS also provided briefings to Mi Ps. peer5 and the Shadow ]nin5t￿ on transport saftry matters, to 5uppon Parliamentar). debaie& questions. EDMS and consiilu¢n¢y matters. PACTS led a campaign to p¢rsuade the British Governinenl to adopt ihe same (or better) vehicle safety regulations a5 the EU will introduce in July 2022. This was a high campaign priority for trustee5. The briefing not¢ Yaccinesfvr Veh¥cles was well received and the main51Tcafft media (Sunday Times. Daily T¢legraph, etc} have covered the issue extensively. Thc UK gov¢rnmeni, however, remained non-committal. PACTS will coniinue thi5 campaign 2022123. Our capacity in this area was considerably enhanced towards the end of the year by the appointmeni of a Road Safety Advocacy Officer. funded by The Road Salety Trust. As well &$ #dvi5ing and suplkning parliamentsrians. PACTS seek5 to influence Government in Drder to improve IraTJSPOrt safety. PACTS submilled resEK>nses to five ¢onsulta(ions'. on aUt￿naled i'ehicles, road casualty statistics. the Highway Code. modernising vehicle Stsndord5 and a road collision investigation branch. PACTS has excellent communication channels ￿1th the Deparkneni for Transport on transport (Dm safery matters. PACTS is a member of the Dfps Road Safety. Delivery Group. and irs Motorists Foru {which did not meet during thts year). PACTS had close dialogue with otTicials on the development of a new national road safety styategy. and other matters. {4) THE PARLIAMENTA V ADVISORY COLf*CIL FOR TR SPORT SAFETY COMPANY NO: 2366377 EYGLAliD AND WALES DIRECTORS, AhlDTRUSTEE5' REPORT FOR THE Y AR ENDED 31 MARCH 2022 Acinpiiies Iconidl PACTS has maintained or develottd iinportani relationship5 M'iih oiher offi¢ial trdnspart bodies and private sector stakeholders imponant to IranswTrn safety. includints OtTice of Rail and Road. DVSA, RSSB. Transport Focus, MIB and National Hiohwai"s. PACTS is Steering group Inemb¢r ofihe D￿- funded road ¢0111sioI) investigaiion projecL b! RAC Foundalion. PACTS is r¢preseiii¢d on ihe Office of Rail and Road-s Railway Industry Heahh and Safety" AdvisoT>' Comrnittee. and on tlie ROSPA National Road SafEty Commiiiee and a number of oihcr bodies. On a strategic basis. PACTS also participwe5 in loral safety bDJies. including Transwrt for London's Vision Zero Stakeholder Group. the Vision Zero South Wesi PartneT5hip and de%'elopmeni of vision 7.ero straiegies in other local authorities including Keni and Glouce5teTshire County, Councils. All of ihis reflects ihe contribution Ihai the charitv seeks io mak-e io improvino tyanspon safety, and the recognition of its capabilii), to toniribute on a wide rdnoe of issues. PACTS will conrinue thes¢ activities in the )'ear ahead. PACTS relies considerably on ih¢ technical expertise in ht5 five working parties. These t)'picallv Ineet three tirnes during the year. These are Road Environtnenl Road User Behaviour Vehicle Design Rail Safety. and Awiaiion Safety. where PACTS relies on the advice of the Air Safety Group. These (rroups provide a wealth of ¢xpertise and a depth of knowledge on ￿'h￿ch PAC'IS trustee5 and staff can draw in developing new Ihinking transpon safw. ￿Sea￿h projects. respoiiding to oovernm¢nt consultation5 and select commillee inquiries. and id¢ntift"ing exattples of good p￿Ctice to proinote. Membership of the ￿'Orking partie5 15 ￿. inviiation from PACTS and it is gw]erall) a mutually benefic2al arrangeinent. Many PACTS members sff thE Morkine parties as a significani benefil of PACTS membership_ The (tU5ttts are grateful io all who participate and paTlicularly to the Chairs Mallhew LU￿ 013E. Professor David Qrnndall- Richard Cuerden Catolyii GrilTiih5 who continued in their rol¢s. All WOTk- jnts parties have vice-chairs to assist. The Irustees are iery. sad to repori (hat Ian Frow. Liaison Officer t(Tr the Air Safety Group and fonn¢r Chair of lh¢ PACTS Aviation Saftl>' Working Pany. passed away in 20?1. Nick Clutton: ASG Chair. now fulfi]s that role. The PRC continues to ini¢graie the agendas of the working partie5 wjih the strategic objeaiY¢s and activitie5 of PACTS. PAcfs do¢s noi have volunteer5. in the usual m&ining of the word for the charitv_sector. However, a great nurnber of people contrbi uie Considerable titne and expertise ai Do cost to PACTS - particularly through the working partie5 - and enable PACTS to b¢ credible and effective across a wide ran¥e of transkN)rt safety matters. The trustees are Yery grateful to all those people. The trustees aTe glad to be able to reporl that PACTS again undert￿k innovative and tiinely re5earch- an invesiigation of the safety of e-%ooteT5. fuTMled bv The Road Safety Trust. L".nlike soine organisations which unrriticallv welcomed e-scooters. PACTS took a neutral stance and investigated the safery aspect5 of privaie e-scooter use ￿h1¢h. despite its illegality.. was far greater in scale than usc of the legal rental e-scooters being monitored by the Dff. Throughwt 20?1 PACTS provided monthly data on tasualties dn knt¢run r¢port and Setters to Minigters. In March ?(b?? if piJhli%hed the final report ThÉ.YaSélv prripuiee-sconigrs ihe UK. Accompanied by a Videopr￿Uced in-house {a first for PACTS). The interest from the media and various indu5ty groups such as laM?"et& has been considerable. PACTS is now in re¥ular. Constructive dialogue wilh olTicials on the regulaiion5thaT PAcfs has proposed. The D￿,5 report has yet to be published. THE PARLIA.MENTAR Y ADVISORY COLN (5) FOR TRANSPORT SAFETY COMPANY P40: 2366377 EINGLAliD AND WALES DIR CTORS, AIYD TRL'STEES. REPORT FOR THE YEAR DED 31 .VIARCH 2022 Auiitrlll￿ (conid) PACTS also contributed substantTalty' to a report b). leadino UK rodid Safety and Inobility experts Sufe Roads for All which calls for Government to adopt a Safe and Healthy Mobility Strategy and Action Plan. Work c{￿1inUed on th¢ Mobile Evidential Breath Testing Instrumenls IMEBTI) competition run b PACTS with funds. It r¢ached its third and final stage and nvo companies have 5ubrnitt¢d devices to Dsil for testing. However. technical challenges reinain and the date at w'hich a new generation of evideniial breath test instruments are likely to be available io UK police has set back to 2023. For a second year, Covid restrirlions impacied the usual programme of events and in-person conferences could not be held. Nonetheless, PACTS held three successful online conference5. in¢ludtng Safe undhealilTr' Irffliel Zero ¢arbon al￿￿er0 roaddotsk¥- does lus iraific sfjfer Iraffic. Srfe SJ¥ieni.'fromprinciplu iopraclicE These each attra¢ted betsveen 150 and ?50 delegaies and srxaker5 fr0]n around the globe. In addition, PACTS held a Road Safety. Strategy Stakeholder Consultation Wo]&5hop on behalf of the to assisi it with its strategy prepardtion. PACTS continues to re5F¢ded and sought out by the media. Social media is increasingty important and PACTS now has alm051 5.(M)O Twitter follo￿￿15 and 1.000 subscribers to the PACTS nem's and Mailchimp communications. Lit]ktdln is also a useful tool. The PACTS web51te was rebuilr and launched in early 2021. In November 2020: PACTS engaged a part-time Communications Officer who is boosting PACTS impact in these areas. Regular newsletteys have been r¢EntyoducEd and our activity on Linkedln substanttally b(Ktrsted. Most notably. PACTS has launched it5 Own YouTube channel where it posts videos from PACTS event5 and rcsearch. A Colnmunications Strategy had a150 been produced. Attendance at PACTS conference& workiDg parties and other events is a mrasure of achievement and The year must be considered another success. It was a chailengTng progrdmme for the staff to run, but 2S noted above online meetings have doubled alleMdane¢. PACTS ha5 contit]ued to support Internation￿ road safety matters: where this can be achiev¢d at little or no cost. W¢ We￿ aBain requ¢￿ed to assist officials and parliarnentarians in the Thai Senate Commission on the Integration of Emergency RescuE and Road Safety, this lime w'ith their online conference. PACTS Presideni. Barry Sheennan MP, chaiTS the IndEl￿de￿t Committee on Road Safety Iniernational (LCORSI). PACTS and many PACTS members again made 5ignificani contribulllX15 tD the Europcan Council for Transport Safety IETSC) to raise transp)rt safety 5tandard5 at European and internalional levels. The harity was represenied on the ETSC BoaTd of Dire¢iors by Barry Sheemtan {or the LxeKutive Director in his absence)., and Professor Richard Allsop. a PACTS s￿la1 Adviser: is a co-OP(ed member. 14eath¢r Ward. a forner PACTS Road Envir(mmerti Chair. c(Yntinued a5 Co-chair of the Perfomiance Inforfftation Network (PIN) progr4mme. Th¢ ETSC seCretsri￿ provtded valuable as515tanc¢ to PACTS in a number of research pmjects. ETSC have welcomed the PACTS work on e-scoote￿ as a model for their position. ile PACTS plays an aciive and constsuciive part in ETSC, it does not have the same in¢eniii'e io eThga8e in tnatter5 relati￿8 to the EU or European Commission. as consultsiions may be limited to EU MembEr States and EU directives are E]Ot applicable to Great Brithin. (6) THE PA LIAMENTARY ADVISORY COUYCIL FOR TK SPORT SAFETY COMPANY YO: 2366377 EYGLAND AND WALES DI ECTORS, AND TRUSTEF.S' REPORT FOR THE YEAR ENDED 31 MARCH 2022 Fiihire Acliitlii¥s Duriniy ihe year ahead PACTS will undertake a range of activities io further its objective5. As the impact of Covid and government re5triCiiOnS have diininished. a combination of in-pet30n anil online event5 are lik¢l)' to be the norni from onwards_ The 30th Wesm)insier l.ectuie on TrdllSPQrt Safely will bc held in April ?0?2 w ihe Royal Automobile Club, the first in-person PACTS ¢￿ent for Iv4'0 years. In 702? PACTS will mark 40 l'ear5 since its formal estsblishmcnt in February 198? A Inajor Parliainentary Reception is planned for July. to which member5 past and present Ivill be inl'ited. PACTS expeet8 io conclude the MEB Tl Compeiiiion and the urt)an 5pe¢d liinils {LusfRE) projeci. PACTS is a partner in a new pn)j¢ci led by Greenii"ich L'niversity into attitudes to Intelligent Spe¢d Assistance. The p)ssibilit)' of further M'ork (H) ihe 5afelv of priN'at¢ ¢-scooier use is being explored with The Road Safety Trii%t. Scvcral research projecls for ?0?? ?3 were proposed to Dff but noi funded. Other opP(￿Unit7ts foi res¢arch funding will be sought in ?01? PACTS will seek to promote uwake of its resrdrch recommendations-on seatbelis. roads policin& drink and drug dri￿1n& e-scooters dc_ It look5 fon&anl to the publication of the Road Safet). Strategic Frainework by the UK governinenl. PACTS will support this wh¢re li meets ihe Safe Svsfrm approach but noi be afraid io criticise deficiencies. Tru5¢L*s i%"ill 5uppM funher campaigning bv PACTS. in partnership. to persuade the UK goyernrnenl lo raise vehicle safery regulations in line with best praaice. The has weed to SUPFX)rt PAcfs conferences in ?O?y?3. Other funders will be sought and a progr￿￿Me of confe￿nceS and events developed. including Council of M￿nber5 and M'orkin8 party eetings. The PAcfs Transport Safet) Commission s Il"'OTk-related Road Safety, Foruin did not Imeet during 1022 or 2021, due to Covid and oiher u'orkload prcssures on member5. The future of the foruin is under review by tru5trcs. FINANCIAL REVIEW Th¢ charitable company's total incotne for the year wa5 13°. less ihan in the previous )'ear mainly due to lower donaiions and 8ranl inrTrne for research projects. Total expenditure was ?4D/. less Than th¢ previous vear. mainly due to a reductton in projecl costs. PACTS produced a suTrlus of £4?.480 compared to £1 ? 51 l in the pre￿iOUS )'ear. Consequently, our total reserves increased froTll £g).456 to £1 j?.936 ￿h1£h ensures that we have now achieved our set reserves level and have a slighi cushion for future years. The unreslricied reserves incr¢as¢d froEn £89.706 10 £132.186 and rcstric(ed reserves rejnained ai the sam¢ level as (he previous year as all projects ended other than the MEBTI comixlition. liiipesimeni Pom'er Under the Memorandum a¥MI Article5 of AsM)ciation the charity has the wTrwer io make any invesunent which the trustee5 see fit. No invesnnenis have. however. i￿) made during the year. Fiind.g AvuFluble LTiidReservu Poli Trusie¢s Seek to hav¢ a robust and varied income styeam for th¢ charity with fund5 being Taised through members subscriptions. sponsorship of cwents. delegate fees at events and funding for specific projects. This has meani thai the chariTr has Ilot had to ff l!" heavils. on anv single source of incom¢ ih¢r¢ giving the ehkriry flexibility io face uncertain times. For the second }'ear PACI-S received a substantial 5trntegic partnership grdni from the Safer Roads Foundation. Thi& however: will noi continue in 202J? 23 due to Ihe Foundaiion s focus on WQTk overseas and limite(1 funds. E PARLIAMENTARY ADVISORY COUT4CIL (7) TRANSPORT SAFETY COMPANY NO: 2366377 EfiGLAND AND WALES DIRECTORS. AND TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 FvndsAvailable LyndR￿erva¥ Polio. IcLwid) The Covid restriction5 mrant that in-FKrson wnferen¢es could not be held and charging delegatrs to attend online was not financially worthwhile. supp￿ fr(xn N'ation21 Highways. and comtnercial sponsors and rEdu¢ed conference Costs allowed the events to contribute to siatf aT2d oveithead cost5 and the impact on PAcfs net income was small. Economic Conditions w¢re Ihallenging foF many organisolions during the pandemic and. UneXp￿ted]y. inflaiion incr¢ased drdmaiically in ?022. Public secior finances are still heavily eonstrained and private secior members look very carefully at the value ofiheir support. Tnsstees are ambitious for PACTS and reco￿list that staff r¢sour¢¢s need to ￿ inaintained. and preferablN increased. to meet the objectives. Having aphysical otTice in the lliestminster area is still considered important for sraff. efficicncy, wi5ltors and the identity of PACTS. The current offIce is nol a major ¢osi iiem but the need for office premi5e5 IS kepi under review and change may be forced in 2021-?3 if the l¢ase 15 not extended. Expenditure on IT systerns etc are at the right level io meet operJii¢)nal needs and costs cannot be reduced without affecting activity leve15. Attraciing grdnts and spon50r5hip for specific research is fea5ibl¢ but generdting adequate income to cover cor¢ chariiable functions 15 a greater challenge. In this regard. The Rtrdd Safety TTr￿t ant for an Adyocacy Officer is extr￿n¢1Y helpffijl. Through the Management and Finance Cornmilltt (MFC), the tTUStees have emphasised ihe need to aintain income and w balance th¢ l)ooks. The levcl of churn in meinber5hip R'as small and new rneinbers joined. The iotsl number of members remain5 broadly similar at jusl over l(N), ￿1th ne￿. Ine]nbers attracted from several seciojs. including mi¢ro mobilitv and softw.are. In flnancial terms, the 105s of a single corporate member. which ustsalty occurs for r&tsons beyond control of PACTS. far outWEighs th¢ income from a nurnber of other member5. The MFC decided in Febrnary 2022 to rai5c Inembership Sub￿riptionS by 5Q/• foT 2022123. This has been accepted by inember5 without objethion. The thTtt-year man￿rShIp deal ￿1th 200/c discouni is now a routine offer and many mwMbeTS have again takcn this Oplion. It 5¢cures income and reduces administration in futyre yEar5. It is also an indicaiion of the cornmiimeni that members have to PACTS. National Highway5, Vision Zero South Wes( Jenoptik and EleeTr Comjnercial Vehicles sponsored the PACTS conferences. Th¢ DtTalso supported PACTS events wilh grantg. The Road Safety Trust provided ants for the e-scooters reswdrch and ihe Advocw Officer. The Safer Ri>ad5 Foundation 5UPPOrted PACTS with a 51rategic parniership granl. The MIS￿ are grnteful to these major fvnders. A feature of PACTS income in 202112? was the higher leveb of rese4rch grdnts from the Departm¢ni for TrdDSPOrt which continued fr(￿1 2020121. The trustees have c￿tinUed iv review the resetwes p)liey al￿ agreed that its overdll aim remains appropriate for the risks facing the O￿anisali0n. In 201fv17 the tru5ttts adopted a r¢￿e$ iargei of £80,IK>O (being four months ekpendilure based on the 2015116 budget) as a medium io long-tcrm target and io Work towards rebuilding reserves increinentally on an annual b&si5. They noted that the cbarity had suc£e$5full)' operated with a much smaller reserve for several years and that the reputstion of the charity is 5u¢h ihat its imtnediate future is noi ai stake. They also noted the guidance of the Chariiies Commission not to maÈntain ex¢e$5ive reserves. The surplus achieved in 2021Q2 mean5 that the targel of £80,000 was achieved. In April 2022. Ihe MFC r¢viewed this and decided to increase the target to £90,(M)O, being fotsr months ex￿ndItuTe of the budget for 2022123. {8) THE PARL MENTARY ADVISORY COUNCIL FOR TRAli PORT SAFETY OMPAPIY NO: 2366377 EYGLAf*D AIND WALES DIRECT RS. AND TRUSTEES, REPORT FOR THE YEA ENDED 31 MARCH 2022 F1I17ds.4vllilublé lind Re5en*es Polin. (¢nnidJ The budget set lor ihe Jear ahead seeks io achieve a m(Kle￿ surplus. The budg￿ is sirnilar to that for previou5 years bui now. Including a full }'ear of The R(Md Safery. Tn]si Advocacj OtTicer grani. but without the £?5_000 Safer Roads Foui)dation contT1butiv￿. The trn5tees expcct meinbersliip incoine to be broadly maintained and that further applications for research £rdnts and event Sponsorship will Succeed. Sol￿e uncertaitjties inevitably. remain but lh¢ trusitts are confideni that the financi21 siiuation can be Managed and that PACTS is clearly a going conce¥th. The MFC is monitoring ihe siiuation respularly and updaiing the budget a¢cordingl%,. PACTS has a giKMJ track rttord of raising incthne and ¢ontrolliiig costs. To d￿e, income has been encouragin The trustees have a¥Teed that the reserves rA)liry ￿11] be Teview'ed on an annual basis. FERENCE AND ADMINISTRA TIVE DETAILS The company infonnation Set out on page I fornis part of this rerrf)rt and includes deiai15 of our advisers and reference numbers. Direclni's and Tni.fleL's All direclors of the coinpanv are also mEstees of ihe charity and there are no other trustees_ The current direciors are sho￿￿ on page l of the￿ financial statetnrnt5. Three diredors and trustees (Bary Sheennan, Lhnda Phillips and Nick Starling) resign¢d during 2021n2. None was appointed. The Board has the power to apwint additional mistces as it considers fit to do so. With nine direciors and trustees (at years end). the Board considers there are sufficient mcmbers but bi is open to the possibility if a suitable candidate were io be idenrified. particularl). if thi5 addressed skills gaps and improved divcrsity. STRUCTURE GOVERNANCE AN MANAGEMENT The charity is consiituied as a privaie company limiied bv guardntee and is therefore governed by it5 M¢morandum and Article% of Association. This will k)e revÉevied in ?0?2IV3. The charity is organised so that its directors and trusiees meet three ti¥nes annually and exercise responsibility for its goveTnancc. In the intcrvening period the Executive Dtrector deals with the routine business wilh ihe help of members of PACTS siaff. H¢ is LSSiSted b) the MFC, whi¢h meets at least three times a s'ear. JOD Crockett was appointed .MFC Chair and Teresa Ciano apw)inied Vice-chair by the PACTS ￿ard ill Novemb¢r 20*1. Th¢y replaced John Pl0￿1na￿ and Nick Starling, w'ho had served for manj s'ears. bui w'ho ￿Maill on the MFC. The membership of this committee coinprises f5V¢ trustees and rhree co-optees (at year end). The tsvstees ar¢ also supported by ihe PRC: chaired by Julion Ilill, to lielp with the development of PACTS policy and research projects. In November ?O•l Carol5￿ GrKrriths wa5 appointed Vice Chair by the PACTS Board The COTnmittee rneets two or three iiThes a year. It comprise5 three trustees (at year end) and the chairs of the fiv¢ t¢chnical working panie5. It a150 other co-opted Inembers with specific expertise. including Profwors Rtchard A1150p and OliN'er Carst¢n, Special Advisers to PACTS. The membership of both committtts is k¢pt under review on an annual basi5. TH PARLIAMENTARY ADVISOR Y COUNCIL FOR TRANSPORT SAFET (9) COMPANY N ENGLAND AND WALES DIRECtORS' AND TRUSTEES. RE T FOR THE YEAR ENDED 31 MARCH 2022 Governoncff Review (coni A major ¥tivity for tn￿teeS during the year a thorough r¢￿tW of governance procedures and effe¢tiveness. Although the tWStees had Confidence ihai th¢y were undertak-ing good govemance, th¢re "as a recognition that documentation ro evidence this was not always cojnprehensive and that & thoroughgoing r¢view would be g(XKI practice. Thi5 was started in mi&?O?O, led by the MFC, with the entire Board involved. Following the wotkshop. 5ktlls audit and independent Flalpin rep)rt (tkceinbtr 20201 an aciion plan was drawn up. In 2021122 the trusiees Set aboui implementing the aciion plan. presented to Members in July 2021. This resulted in the establi5hmeni of a Council of Members (a fonnalisaiion of the existing PACTS members meeiirtgs). th¢ ¢reation of the new role of presiden( a separate ¢hair of the board. agreed tem]s of otTice for trusiees, ternis of reference for ail position holder4 annual rcvi¢ws, and endorsem¢ni of the Nolan principles and oiher ethical and beha%iourdl Standards. The trustees believe that the gov¢rnance a￿angel￿ents and do¢um¢ntation (the PACTS Governance Framework) is proportionate to the size and resources of thr OTganisalion. n(x unduly burdensome and helpful to ihe delivery of the chariry's objectives. They ￿11¢¥¢ that this has been achieved by this exercisc. A significant outcome from the Govemance Review wa5 changes in the role5 of some trustees. Ba Sheemian MP, Chair of PACTS from the ouiset, reSI￿ed from the Board and became Prestdent. Tony Ciaburro was elected Chair of the Board and Dan Camp5all ele￿e0 Vi¢e4hair. Other change5 were Inade to refresh (he Board and to demonstrale the Board's ¢ommitTnent to equality. diveTSiry and inclusion. The charity has a wholly owned subsidiary. PACTS {Training and Education) Liinited which was originally fomed to condua the irdding or*taiion5 effecied on t*half of the charity. During a previous year, the trusiees reafr￿Med the decision io lake advantsge of changes in the rules governing the total income of such subsidiaries and consolidated all financial activities wiihin the accounts of the charity. PACTS (Training & Education) Limited has thetlfore not trdded in the Eurrei]t year or for Inany preceding years. Truslees ptYViOU51y decided to retain ti in case of future needs and opportunilies. They will keep ihis under review. aiidcapaci There wer¢ significant Staff changes in 202 IQ2. The conttaci f(￿ the Comrnunicaiions OtTicer, Santiago Lui5 (two days per week) M'as extended. Margaret Winchcojnb wa5 appotnied Senior Research and Policy Officer in May 2021 (four days per week). In November 2021 Kumar Niketan was recThited to the new p05t ofAdvocacy Officer. In Decembei ?021, long-tiine oifice & Events.Manager. Joann¢ Mackcl resigned. David Davses, Executive Direaor, served throughout the N'ear. F.Iva Tehan (5elf-employ¢d) twk (m the role of PAcfs Finance Officer in early 2022. Business continuitv was maintaintd but 501ne fimctions undertaken b} the Office & Events Manager are not ful]>. cover¢d. Thi$ may make it challenging to organise in-person ¢onferences. any office move and administrativ¢ tasks. The trustees previously appoint¢d the People s Pension Company Ltd as the pension provider for the PACTS WOTkplac* pension scheme. All employees are automatically envolled and Tjearly a]1 have chosen io remain in the scheme. Workpl¥¢¢ Pensions Ltd manage the scheme for PACTS and ensure PACTS 15 compliant with legal requirements. The PACTS employer pension contribution for all sthff is l(P/o. S￿ff are encouraged to make additional einploytt contributions and wme do. 110) THE PARLIAMENT ARY ADVISO Y COUYCIL FOR TRAYSPORT SAFETY COMPANY NO: 2366377 EYGLAYD WALES DIREcfoRS' AND TR "STEES. REPORT FOR THE YEAR EYDED31 RCH 2022 Siuifiiig anclcopÉiciti' (conl£lJ Bookkeepiiig services continue io be provided by Michael Ray and IT 5UPWrt by Anthon), Cluer. Payroll services were pro%ided by Superior PasTh11 S¢ryices l.(d. The Irusrees and Executiv¢ Dii'eclor arc pleased with all the services provided. After manl. )'ears of servicc to PACTS. Nqicliael Ra) has stated that he will reiire ln ?O??K2J and arrangeincnts are undeTh4'as'. io cover the thsks he undertakes. PAcfs honorary Coinpany Secr￿ary Glymn madd￿kS reiired in 202112? H¢ was PACTS Company Secreiary froin the outsei. The trusr¢¢s decided ihe role of CompanN" Secretar), should be added to thai of thE ExecutÈve Direcior. with 5pecialisi leJl adwice sought as nece5S4ry. The trusiees are grateful to all these O￿aniSatIo115 and individuals who help PACTS to deliver its objeciives and s¢rYiees. ISK MANAGEMENT The tmstees regularty review the major risks to which the charity J5 exposed. in pamicular ihose relating to ihe operations and finance5 of ihe organisation. The Risk Reg￿￿tr is no￿, uplated and reviewed at each MFC meering. A $￿cifiC focus for the year again wa5 rssks arising from Cowid. The trustees identified ihis as principollv financial. business continuity. and health (sthtTw)d Othe￿ interactin8 Wlth PACTS). All were succtssfully inanaged. Th¢ tru5tee5 are satisfied that the remii given to th¢ MFC cnables potential risks to be Jnonitored. reports to produced and steps taken durino the N'ear to lessen ihe Impa￿ of any risks ihat mav emerge during the course of the year. One mechanism by M'hich ihL$ 15 discharged is the'ABCD' Report (Acliievements, Benefits. Challenges and Dilemma51 from the Executive Directorto rNsie¢s. normall) provided six times yvar. at Jneetiiigs of the Board and the MFC. These highlighi any concerns which are then discussed and a¢ted upon ivhere necessary. Minuies of the T￿slee$. Meeiings have action logs to 5uminarise and trdck actions. including risk mitioaijon. The trustees remain of the opinion thai the major sources of risk to the charity Is the untenainty of the income streains, although these haTre proved reasonabh" Stable (in aggregate) over the past few years. The a]inual addjlions to reserve5 in The Years since ?013 are Ste￿ in the ribihi direction. Changes in persont)el uiih a￿oI￿pa￿Ving10SS of knowledge 15 also a significant risk. This H'ould risk impacting the cliarity's capacity to deliver its progrdrntne of research and events. This has been mitigated by a deliberate management straiegv io shaTe roles and skills M"ithin the team. Trusiees. workin¥ pattv chairs advisor5 and co-opted committee members also conrribute greatl¥ io ihe subsianti&e work of the cl)arity'. In January 4019, PACTS relocated to Buckin£ham Court on a three-l'ear leage. endino November 2021. A one-year extension was agreed to 30 Noi'emb¢T 202? Trustees. stsff and PACTS members a very pleased with the offices which have significan( benefits ai similar cost5 to Clutha House. li is hoped that a further exiension will be possible but 15 b). no means certain. Other options for office preinises have been explored and will b¢ further towards the end of th¢ year. The trusiees ihemselves have assisted the Executive Dire¢tor with a nujnber of manag¢ment task5 ncluding fundraising. HR. busin¢ss planning. marketing and communicaiions. This also builds capacity and resili¢nce in the or8alli5ation. As a r¢5ult of the upgrade (o PACTS IT sl'siems in e￿lY ?019. PACTS staff have been able to work r¢TnOtely and etficienily during the Covid-19 pandemic and lockdowns. Risks to Staff were thus minimised. Options for hvbrid events {COTnbining ph}5ical and virtual attendance} have been developed. Some internal financial control pr(Kedures were forniali5ed in 2020D l. With the transfer of bookk¢eping tasks to the new Financ¢ Offi¢¢r, controls were a£ain reviewed. Tru5ttt5 are satisfied that contro15 are fit for purpose. THE PARLIAMENTARY ADVISOR Y COUliCIL FOR TRANS T SAFETY COMPANY lio: 2360377 ENGLAND AND WALLS DIRECTORS, AND TRUSTEES. REPORT FOR THE YEAR ED 31 MARCH 2022 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trusiees (who aTe also the direetor5 of PAcfs for th¢ purposes of c(Mnpany lawl are responsible for prepanng a trustees, annual report and financia] ststement5 in accordance with applicable law and United Kingdoin Accounting Standards (United Kingdom Generally Accepied Accounting PrdCttce}. The inL51e¢5 are required by law to prepar¢ financial siaiements for each financial year which give a true and fair vi¢w of lh¢ financial activities of th¢ chari(y and of its financial p￿illOn at th¢ ¢nd of that year. In pr¢paring those financial stat¢mcTJts. Ihe trusie¢s required to.. select suitable accounting wlicies and applv them consistently- observe the mrthods and principals in the charity's SORP ?0-19 (FRS102)' make judgements and esEimates that are reasonable and prudent; sraie whether applicable UK Accouniing Stsndards have iKen followed. subject to any material departures disclosed and explained in the financial ststeme¥Lts: ond prepare the fu￿)Cial sui¢menrs on a going concern basis unless it is inappropriate to &ssume ihat th¢ charity will continue in D￿ratiOn. The t￿Ste¢S are responsible for ke¢piTrg proper accounting records which disclose with reasonable aecuracy at any time the fiTJancial FX)sition of the charl￿. and enable them to ensure that thc finanrial siatrments comply w'ith ihc Companies Act 21￿. They are a]so responsible for safeguarding the assets of the charity and hence for taking reasonable 51eps for the pre￿entIOn and dete￿IOn of fraud and other irregularities. The trustee$ are responsible for the maintenance and iT2i¢grity' of the ¢oryxYate and financial information including on the charyt), coinpany's w'ebsiie. Legislation in the Uniled Kingdom governing the preparation and dissemination of financial stsiements may differ from legislaiion in other jurisdi¢rions. INDEPENDENT EXAMINER The ttusiees intend to reaprA)int the existing indcpendent examiner to undertake the ind¢pendent examination of the company for the followin8 yw. This report has been wepared in acc(Jrdance with the provisions applicable to the small coinpany exemption. This report was approved by the Board 14 July 2022 and signed on its Ixhalf by the Chair. Anthony Ciaburro, Director and TThstee (121 THE PARLIAMEPITARY ADVISORY COU,YCIL FOR TRANSPORT SAFETY IIYDEPEPIDENT EXAMIYERS REVO THE TRUSTEES THE PARLIAMENTARY ADVISORY IL FOR TRAF45PORT SAFETY I report to the charity trustees on m). examination of the account5 of the company for the year ended 31 Mar¢h ?022 which are set out on pages li 10 ?? Re%ponsibilities and basis of r¢pDrt As the charify irusiees of ihe compan). land also its director5 for the pu￿￿5¢5 of co￿pt￿V law) )'ou are responsible for the preparation ofthe accoun(s in accoTdance with ihe requirements ot ihe Coinpani¢5 Act 2(M)6 {'Ihe 21￿ Aci.). Having saiisfied myself thai the accounts of the COE¥Lpany are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I reporf in respecr of m) examination of your coinpany's #ccounis as ctirried out ￿nder section 145 of the Charities Ati ?01 l {'the ?01 l Act.). In can)ing out my exaininaiioi) I have followed the Direthions given by the Chariiy Cominission under section 145(5Xb) of the 201 I Aci. Independent examiner's statemtttt Since the CoME￿Y's gross Income exceeded £250.000 your examiner inust ￿ a mernb¢rof a ￿dY listed in seciion 145 ofthe ?01 l Art. l confinn that l am qualified to undertake the exarnination because I am a meinber of ICAEW, ￿hICh is one of ihe limed bodies. I have completed my examinaiion. I confim that no matter5 have coille to mv attention in connection with lh¢ examinaiion giving me ¢au5e to believe that in an) rnaterial re5pect= a￿ountIng record5 were noi kept in respect of the company as required by seciion )86 of th¢ 2006 Act; or the aeeounts (kn not accord with those records: or the accounts do not compl). with the accouniing requirnnents of seciion J96 of the ?(M)6 Act oth¢r than any requirement thai the accounts give a'true and fair view. which is not a matter considered ag pan of an ir]dep¢ndent examination: or the accounts have noi been prepared in accordance with the mfflhods and principles of the Statement of R¢¢oininrndcd Practice for a¢counrine and reponing by charities lapplicAble to charities preparing ilieir accounts in accordanc¢ with the Financial Re￿rting StandaTd applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have corne across no (Aher matters in connection wilh the examination to which attention 5houldbe drawn i s report in ordeT to enable a proper understanding ofthe accounts to be reached. Alison Sargent FCA Sargent & Co Chartered Accouniants & Registered Audttors 219 Croydon Road Caterham SuTrey CR3 6PH D&c'. 14 July 2022 THE PARLIAMEIYTARY ADVISORY COUYCIL FOR TRANSPORT SAFETY (13) STATEMEJ¥T OF Fif*AYCIAL ACTIVITIES LUDING IliCOME Ai%D EXPE,NDITLRE ACCOUNT R THE YEAR Ef*DED 31 MARCH 2022 UntEstricttd Restrictcd Funds Funds Total Fund5 Tot I unds 2022 2021 Income No Donations and Research Grant5 25,340 103,200 128,540 148.796 Jncomefrtpm Ch¢JriiobleAcilvilles_' Subscriptions 114,628 114.628 119.742 Conference5 and Miscellaneous 20,000 Jncomefrom TradingAaiviiiu.' Sponsors and f¢cs'. 21,(KK> 21,000 16,0(KJ Interest R¢¢£ivable 60 558 Total in¢om ?64￿ Cosi ofroi5ippgfvndf.' Promfflion and Publicity 3.124 3,124 2.445 Expendiiure on Charilable A(1￿111es.' Charitable Activities 218624 290 140 Totsl ex diture 118548 10 292 585 Net in￿me1 for the ear ex ¢nditure 42.480 42.480 12.511 Funds transferred 14 Net tnovement ID funds ror the year 42,4 42880 J2.511 Total fuTKIs brought forward 750 Total funds carried forward The Statement of f￿￿ela1 activities includes all gains and 10sse5 in the year. All in¢ome and expendityre derive from continuing artivities. The notes on p￿e5 15 10 22 forn) pan of these accounts. (14) THE PARLIAMENTARY ADVISOKY COU IL FOR TRAIYSPORT SAFETY COMP YY NO. 2306377 BALAN E SHEET AS AT 31 MARCH 2022 2021 FIXED ASSETS Tangible Assets 10 4.097 4,700 Investment in subsidiary company 4,072 CURRENT ASSETS Debi¢)rs 12 36.796 28.991 Cash ￿ Bank and in hand 2?1 858 270.563 ?50.849 CREDITORS.. AMOUINTS FALLfNG DUE WITHIN 0Tr4F YEAR 14 141726 NET CURRENT ASSEYS 128 8?7 NET A ETS ND R¢strict¢d Funds 15 750 750 Unrestrirt¢d Fund5 15 MEMBERS FLNDS The directors consider that the company is entitled to exernption froin the requirern¢nt to have 3n audit underthe woFisions of Section 477 of ihe Companies Aci 1006. Members havenot requEred the company, under Section 476 of the Companies Act ?(K16, 10 obtsin an audii for the year enLfjed 31 March 202? The directors acknowledge th¢ir r¢sponsibilitics for ensuring that the compan), keeps accounting records hirh COTnply M'ith Section 386 of the Companies Act ?006. and for preparing accounts which give a In and fair vtew of the state of affairs of the cornpan￿ as at the 31 March ?022 and of its suwlus for the year then ended in accorilance with the requirements of Section i96. and which othenwise comply with the requirement5 of the Act relating lo the accounts so far as applicable io the company. Th￿ accounts have been prep3Ted in ac¢ordanc¢ with the st£cial provisions relating io compdnies subject to the small cornpanies regime M"iihin Pan 15 of ihe Companies Act 2006 weTe approved by the Board 14 Jujy 207? and signed on its behalf_ Anthony Clabu￿0 Dir¢ctor 2nd Trustee The notes on pages 15 ÉO 22 forni part of these &counts. THE PARLIAME)T (15) DVISORV COUP4CIL FOR TRA)TSPORT SAFETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2D22 ACCOUNTING POLICIE (a) Basis of tion of Financial stsiemen The financial ststements have been PEepaTed in atcordynce with Accounting and Reporting by Charities= Siatemeni of Recommend¢d Prnctice applicable lo charitie5 p￿parIng their accounts in accordance wilh the Financial R¢porting Standard applicable in thc UK and Republic of Ireland (FRSIO?) (effective l January ?019) - {Charitie5 SORP {FRS102)I, the Financial Reporting Standard applicable in the L.K and Republhc of Ireland (FRSIO?) and the Compani¢s Aci ?006. The financial statemetjts are prepaTed under the historical convention and on a going con¢em ba515. as no material uncertainties exist and future fundin8 IS 5ufficieni at the present (ime. Th¢ financial ststement5 are presented in s￿li￿g which is the functional cutrerjcy of the charity. PACTS meets the definition of a publi¢ benefit entity under FRS102. Assets and liabilities are initialty recognised ai historical ¢ostor transaction value unless otherwise stated in the relevant accounting EX)licy note. (b) Incomin Resources Income is recognised when the charty has entiilemenÉ to the fund& any kxrfonnance conditions attached to the item{s} of income has been me( it is probable that the income will be received and the atnount can be measurcd reliably. The income of the company 15 Tnade up of annual and other members, subscriptions, government and other grants. donaiion& fees for conferences and research ¢ontrdCts, sponsorship and ￿leS (net of Value Added Tax). Income is accounted for on an accrua15 basis except for voluntrry don￿lOn$ and other subs¢ripiions whirh are accounted for when received. and grants io fund a particular activity which are accounted for to ensure th* the incorne is recognised when the charity has entiilement io the funds, any perforniance ¢ondition5 att2ched to th¢ qrants have been meL li l5 probable that the income will be received and the amount catt be rneasured reliably and is not deferred. (c) Interest Receivable Interest on funds held on deposit is included when receivable and the amount can be me&%ure reliably by the charity; this is nornia]ly upon notification of the intrrest paid or payable by the (d) Fund Accountin Unr¢stri¢ted fvn(L5 are available to spend on activitie5 that further gny of the PUTPQS¢S of th¢ harity. R¢5tricled fund5 are thnations and research grants whsch the donor ha5 specified are to b¢ solel> used foT a particular area of the charit￿S work or for specific research projects being undertaken by the charity. 116) THE PARLIAMENTARY ADVI RY COUliCIL FOR TRANSPORT SAFETY NOTESTO THE FINANCIAL STATEMEYTS FOR THE YEAR ENDED 31 MARCH ?022 Contd F.xpenditure 15 recognised 1￿ce there is a legal or ¢on51ruciiwe obligation to 11)ak'e g paymeni io a tliird partv. It is probable thal 5ettleJneni ￿.1]] be required and th¢ amount of ihe obligaiion can be ineasuTed reliabl). EX￿nditUre is included the Statemeni of Financial Activi(ies on aj) accrnals basis. inclusive of any VA T which cannot ￿0vered. Certain expendiiure 15 dirECtly attributable to specific arfivilies and ha5 been included in ihose cosr Cdtegories. Other ¢osts, which are atiributable io more than one aciivitj,. 8Te apportionEd across Cost caie2ories on ihe basis of aji estimate olthe prow)nion of time Spent b%, the staff on ihese aciivities. ible Fixed A55ets and De eciation Tangible fLxed &%sets are Matrd ai cosr le55 deprec¥a¢ion. D¢preciatiori 15 provided al rdt¢s calculated io write off the ¢05t of fixed assets. less their estiniaied residual value. oi'er iheir expected useful lii'es OD rhe follo1￿ing basis. Web Developmeni ?5*/0 slraight line ba515 Computer F4uipment 3311.lj/o 5traisht line ba515 Furniture I￿/0 5traighi line basis (g) Pet]sion Scherne Th¢ company operates a scheme ¢0 ¢ontribule a defjned ￿noUn1 to indikidual einplo)'ees' pension sohewnes and the pension charge represents the ainounts pa>'able bs, (he company to Ihe various fvnds in respeci of ihe vear. (h) Pro]￿0t10n and Publici Cost5 Prornotion and publicits. costs coinprise amounts incu￿￿ in raising the profile of the charity and inducing people and oreanisatiODS to conrribute financJall} to the charity-s work. Thig includes the ¢051 of adverti5ino for donations and sponsorship and ihe cosis incuffed in ensuring thai ihe work of the charily És recogni5ed b). Inembers of both Houses of Parliament and oihers. ndilure on Governance of the Chari Governance costs include those costs associated with meetlTIE the constitutional and statutory requiremenis ofihe CharTry such os ihe costs of the Independent Examiners Repon as well as Costs of any strategic planT]ing for the future. ti) Debiors D¢btor5 are re¢0￿]Sed at the s¢ttlem¢nt amount due afteT any trdde discounts offered. Prepayments a￿ valued ai the amouni prepaid nei ofany trad¢ discount5 due. (k) Cash at bank and in hand C￿sh at bank dnd GkLsh Én hand inElud¢s £&sh and short twn highly lu¢raiiv¢ assets with a short maturity of 3 rnonths or less from the date Of acquisilion or opening of ihe dtP05it or similar account. E PARLIAMENTARY ADVISORY COUWCIL FOR TRANSPORT SAFETY NufESTO T FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2022 Contd {1) Crediiors visions Creditors and provisions are recogniscd w'here ihe charii>' has a present Obli￿lIgn resulting froin apa5t eveni that will probabl}. result in thetransfer of funds to a third party and the amount due LO settl¢ Ihe obligation can be Tnea5ured or estimaied reliably. Creditors and provision5 are nornially recognised ai their settlement aTnoU￿t after allowing for any trdd¢ diswunts due. (ml eratin The chartty classifio ihe renthl of ihe premises frorn which it carries out its activity as an operaiirEg lease. Renials pa)'able under operating lease is charged io the Statemenl of Financial Aciivities as incurred over the ierni of the Irdse. (n) Jud ements and ke S(Ktrces of estimation unc¢rt&in In the application of th¢ ¢ompany'5 #trOWrtiDg policies. the #wd61Directorl #wd12IDire¢tor required to make judgernenis. esiimaies and assumpiions about the carying amount of assets and liabKlities that are not readil), apparent from oiher sources. The estimat¢s and associated assumptions are ba5cd on hi5Èorical experience and othcr facior5 that are considered to be relevani. A¢tual results mav differ from these estiTnates. The estimates and underlying assumpiions are reviewed on an ongoing basis. Revisions to accounting e51imat¢s are Tecogni5¢d in the period in which the esrimate is revised where the r¢Yision affects only that or in the wiod of the reyision and fuiure periods wherc the Yision affects both current and flthre VOLUNTARY INCOME Unrestricted R¢5tri¢led Fund5 Funds 2022 Total 2021 Total Donati¢)ns 25.340 25J40 24,996 Grants 103 00 123 800 25a4Q 10.32QQ 12&SQ JAL79fj Grants in 202￿2] included £123.800 R¢stric*d Funds. Grants include ihose received from gOve￿￿ent amounting 10 £26,950 (2021- £79,800). See note 15 for derails. EXPENDITURE 2022 2021 Conference exwises 2.932 9,177 Project Expendityre (including staff costs) 103.2¢)0 145,622 Premises and Office costs 35,948 37,192 Staff costs- uT]restricÉed activities 71.876 92.710 Governance costs (se¢ note 5) (18) THE PARLIAMENTARY ADVISORY C PICIL FOR TRAfiSPORT SAFETY TriOTES TO THE FIPIANCIAL STATEMENT FOR THE YEAR ETrqDED 31 MARCH 2022 Contd PROMOTION AND PUBLICI Advert15ing and Priniing 1.741 1.092 Staff Cost5 GOVERNANCE 2021 Siaff Costs l.i83 1,353 Independent Examiners fees ?.950 2.750 Professional fees Trdvel & Expen 178 General Oyetheads 157 136 TOTAL RESOURCES EXPENDED Staff Costs De Other Cost5 Total Teciatio Charitable a¢tivities expendiiure 71.877 2.4i8 36,441 110.756 140,901 Rcsiricted charitable activiiies expenditure 68211 34.989 103,200 143.800 Promotion and publicity .383 1.741 3.124 ?.445 Govemancc 3.285 2l_74J 4S6 ￿ ?92.585 NET INCOMING RESOURCES 2022 io?1 The net incominu resources 15 stated after charging-" Depre¢iaiion of Tangible Fixed Asse owned ￿. rh¢ Chari 2,438 ?,083 Owaiing Lease- reni 15.946 STAFF COSTS ?0?? Salaries 1?7,140 134,902 SOCI￿ Security cO￿S 5,497 6,574 Pension costs 10.217 THE PARLIAMENTARY ADVISOR Y COL'h'CIL FOR TRANSPORT SAFETY NOTES TOTHE FINANCIALSTA (19) MENTS FOR THE YEAR ENDED 31 MARCH 2022 Contd TAFF COSTS contd 2022 2021 A Yernge number5 employed in the year in charitable WOTk All the stsff spend a certain arnouni of time on ￿nd raising and governance work. No employee had beneflts (excluding cmplo)'er pension costs) in excess of £60,000 (20?1 None). PAC.TS COll5Ld¢r5 its kev m3nagemeni personnel comprise the irustees and the Executive Director. The iothl emplo}'rncni ben¢f115 including einplojer ￿nsion contributions of the key management personnel were £66.LM)0 (2021- £61.4661. The trustees received no reinuneraiion in rcspect of Ihetr duties as tru5tee5. Expenses were reirnbursed (o one trusTee in Ir22 totalling £129 (2021- nil). TAXATION Th¢ Charity is exempt from i&x on inwme and gains falling within Se¢tiort 505 of the Tax¢s Act 1988 or Sefflion 25? of the T￿allOn of Chargeable Gains Acl 1992 to th¢ ¢xteDt that these are applied to its charitable objects. 10. TANGIBLE FIXED ASSETS Web D¢v¢lo Inent Offic ui ment etc Total Cost or valuation At l April 20?1 4,729 9.134 13,863 Additions 1,835 1,835 Disposa]s 29 298 Ai 31 March 20 reciation At l April 2021 1.182 7.981 9,163 Charge foryear 1.182 1256 2,438 Disposals 298 298 At 31 March 2022 Net Book Value At 31 March 2022 At 31 March 2021 120) THE PA LIAMENTARY ADVISORY COUNCIL FOR TRANSPORT SAF TY NOTES TO THE FIf4ANCIAL STATEMEYTS FOR THE YEAR ENDED 31 MAR 9022 Contd FIXED ASSETS- INVESTMENT IN SUBSIDIARY COMPANY The ParliaTnenlary Advisor), Council for Transport Safety owns ihe w.hole of the issued share capiial of PACTS (Trdinin: &. Edu¢aiion} Limited. a ¢ompan}'" incorw)rated in EngFland and Wales under coinpany numkn Oi$41795. PACTS (Training & Educaiionl Lijnited did not irade throughout the }'ear ended 31 March )022 or the previous The a￿ortgate capithl and re5m.es at il Morch ?022 was £7 {20?1- £?). 12. DEBTORS Due wiihin one year. Prepayments and accrued in¢¢)rne 7.740 4.154 Other debtors 29_056 24 36.79 2&99_1 ij. CASH AT BAliK The cash at bank includes rn¢Jni¢s held iespeci of the MEBTI winners fund as shown in noie 14 below. 14. IT RS.. AMOUNTS FALLING DUE WITHtN ONE YEAR 2021 Taxation and Social Securtty 4.215 Ainounts owed to Subsidiary uTrdertaking Deft￿ed income- subscripiions 23.038 18,847 MF.BTI Winner5, fund 105.IXM) 105.(M)O Other creditors and accruals DEfetred income ¥elates to subscriptions invoiced in respea of the follo￿,Ing )'ear. THE PARLIAMENTARY ADVI (21) COLTNCIL FOR TRANSPORT SAFETY TriiyrES TO THE FIPIANCIAL STATEMEYT R THE YEAR ENDED31 MARCH 2022 Contd 15. UNDS Balance 31.OJ.21 Balance Tra cndiiure ￿ErS 31.03.22 Utjrestricted Fund5'. 1610?8 132 186 Restricted Funds: 750 750 e-S¢ooteT5 Drink Drive RÉYdd Safety Advocacy OITJcer Stakeholder Consulthtion workshop Tackling Lkink & Drug Driving Total Restri¢ied 40.(K￿> 36.250 12.0(X) 12.0 750 103 200 750 Toial fund5 2&1a8 22174 The restricted funds listed aix)ve have received grdnts from DfT and Road Safely Trust to enable the charity to cany out tts reSea￿h projttts. The grdnts received froin in ?021 12? awnounted to L?6,950. relating to tw-o resrar¢h projects (Stakeholdcr Consultation workshop and Tackling DriTEk and Drug driving). Rtttrictcd funds also in¢lude the balance of a grdnt received in a previous y￿r for the MEB Tl projeci ￿h1¢h will continue in ?O?Z43. FUNDS- nor ear Ba13nce 31.03.20 Balan¢e ndtiure Transftrs 31.03.21 Unr¢strt¢t¢d Funds.. 148785 R¢stricted Fund& MEBTI t)rink fjrive Road Danger Sraiisli¢s Drug Drive Urban Speed Limits Alcolocks SWIPE 1.750 10.O(M) 1,000 10.(MM) 9.0(10 ?0.000 750 20,0 44,0￿) 35.800 Toial Re5trictrd 123 800 750 Total fun& 77_94 The restriQ¢d fund5 lis¢¢d Jbove have received grants from D￿. Road Safety Trust 2nd FIT to eTLable the charity to carry oul tts rts¢arch projects. The grdnts received from in 2020J21 amounted to £79.800, trlaling to thTtt research proj¢ct5 (SWIPE. drug driving and alcolocks). Restricted fund5 also include the balance of a DtT gr￿t r¢ceived in a previous year for ihe MEBTI project which wtll coniinue in 2021122. (?2) HE PARLIAMENT ARY ADVISOR Y COUNCIL FOR TRANSPORT SAF NOTE THE FINANCIAL STATEMEJTS FOR THE YEAR ENDED 31 MARCH 2022 ntd 16. ANALYSIS OF NET ASSETS BETWEEN FtyNDS Unrc5triCted Rcstricted tal 20?2 F ixed asset5 Cash at bank 23i.017 750 733,767 her nei cu￿¢nI asset￿(liabilItle$) 750 17. LEGAL STATUS OF THE CHARirY The Parliamentary Advisory Council for TrdnsE￿ Safety 15 2 private con)pany, incorpornted in F.ngland and W'ale& liiniied b5, guaraniee and has no Share Eapiial. Each guarantor has agreed to coniribu(e up to £10 in the event of ih¢ H"inding up of the coinpanJ'_ 'llJ¢ r¢gist¢red office is Suiie G? BuckinghaTn Court. 78 Buckingjiarn Gaic. Loiidon SWI E 6PL. PENSION COMMITMENTS The company operdtes a scheme to contribuie a defined amount to individual empl￿tr$ Peftsion Schejnes. The asseis of the fllnds are held sepatatel), from (hose of the coinpanv in independentl> admini51ered funds. At the balance sheet date there were unpaid contribuzions of £2.5301?0ts1 £?.956). OPERATING LEASE COMMITMENTS Ai i l March 20*• ihe ¢harity had the follom'ing annual cominitment5 under non-cancellable operating leases as follows-_ Land aiid Buildin ?022 Operaiing leases which expire: Within Dlte year The charge for the year for ihe above tTh5t w'a5 16,482 15,946 20. RELATED PARTY TRANS ONS Paymenis ioialling £6.836 (including VAT) 12021." £13,0?O) wer¢ IMad¢ to Agilysis Ltd for specialisl services in conneciion with IT SUPFXTrrt for on-lin¢ conf¢rkn¢¢S and the stakcholdcr workshop, of ￿hICh Mr Campsall. a inj￿te of PACTS, is a sharehold¢r and Chairn)wi. Nothing was owed at the year (2021 _ £8.8?0}. THEF WING PAGE IS FOR MANAGE.MENT INFORMATIO RPOSES OTrILY AND DOES YOT FORM PART OF THE TUTORY ACCOUNTS {?3) THE PARLIAMENT ARY ADVISORY COUNCIL FOR TRANSPORT SAFETY TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 M.4RCH 2022 ?021 INCOME Subxription5 Grants. Projeeis and DonatL0115 Corkference Sponsorship Donations Other Income 114.6?8 103,?00 119.742 143.8(K) 16.0(K) 24.996 25.340 EXPENDITURE Conference ￿¥￿nSeS Oiher Projects Working Pany Cosis Salaries. NIC and Pension Recruiiinent and Training O￿l¢e Rental arid Premises Costs Stationery and oifice F.xpenses Telephone & Fax Web D¢veloprn¢nt Substriptions and Publications Travel Expenses Account2nc> dnd Payoll Independent E.xaminers Fees Bank Charges Insurances General Promotiorj ).932 6.090 9,177 67.386 1951 154,616 585 22.1?7 5,872 4.150 1.975 ?77 14? 854 514 4,103 4.086 1.749 16? ?64 10.13i ?.950 1.465 6.890 2,750 1.271 1.741 3.610 7.4j8 288 ETSC Depreciation of F.quipmenr Legal and Professional fees Non recoverable VAT ?.084 1.488 35 )92 585 PERATING SURPLU DEFICIT Interesi re¢eivable 558 lus for the Year