THE PARLIAMENTARY ADVISORY COUNCIL FOR TRANSPORTSAFETY (A Company Limlted by Guarantec) DIREoRs, AND TRUSTEES? REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2024 Company No: 2366377 (England and W8les) Charity No: 1068607
THE PARLIAMENTARY ADVISORY COUNCIL FOR TRANSPORT SAFETY CONTENTS ADMINISTRATIVE INFORMATION DIRECTORS, AND TRUSTEES, REPORT 3-11 INDEPENDENT EXAMINER'S REPORT 12 STATEMENT OF FINANCIAL ACTIVITIES 13 BALANCE SHEET 14 NOTES TO THE FINANCIAL STATEMENTS 15-22 THE FOLLOWING PAGE IS FOR MANAGEMENT INFORMATION PURPOSES ONLY AND DOES NOT FORM PART OF THE STATUTORY ACCOUNTS TRADING AND PROFIT AND LOSS ACCOUNT 23
THE PARLIAMENTARY ADVISORY COUNCIL FOR TRANSPORT SAFETY ADMINISTRATIVE INFORMATION DIRECTORS AND TRUSTEES Anthony Ciaburro (Chaimian) John Plowman Jonathan Crockett Julian Hill Daniel Campsall Teresa Ciano Muhummcd Sadique Jennie Martin lan Greenwood SECRETARY & EXECUTIVE DIRECTOR Jamie HJ55all COMPANYNUMBER 2366377 (Ensland and Woles) CHARITY NUMBER 1068607 REGISTERED OFFICE Albany House 94-98 Pety France London SWIH 9EA WEB SITE www.pa¢ts.org.uk INDEPENDENT EXAMINER Barefoot Accounting Ltd Regent House Linlithgow West Lo¢hian EH49 7HU BANKERS Coopernlive Bank plc PO Box 250 Delf House South Way Skelmersdale WN8 6WT
THE PARLIAMENTARY ADVISORY COUNCIL FOR TRANSPORT SAFETY COMPANY NO: 2366377 ENGLAND AND WALES DIREcfoRS' AND TRUSTEESI REPORT FOR THE YEAR ENDED 31 MARCH 2024 The directors and irustee5 present their annual report and the independently examined financial statements for the yeur ended 31 March 2024 in respect of the Parliamentary Advisory Council for Transport Safely (PACTS). The financial slalements have been prepared in accoTdan¢¢ with the accounting policies set out in notes to th¢ accoun15 and comply with the charity's governing documenL the Charities Act 201 I, the Cornpanies Act 2006 and Accounting and ReportiT]g by Charities- Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Stsndard applicoble Sn the UK and Republic of Ireland (effective January 2019). RP SEANDA TIVITIES Objeclives andscope The charitable objective of PACTS is 'To protect human life through the promotion of trdnsport safety for the public benefil., The trustees have developed and refined their objectives over many years. In the second half of 2021, a thorough review of strntegy was launched and completed in the second haifof 2022. The strategy will be reviewed again in lai¢ 2024. This report presents the position ai 31 March 2024. Our vision is 'a transport system free from death and life-changing injury, In which all users feel safe, and the four strategic aims to achieve our vision are: Proaclively influence change. 2. Growing a valued and well supported Membership. 3. Securing strong parliamentary participation and engagement. 4. Identifying and researching the right subjects at the right lime. The trustees recognise that major policy issues such as the eeonomy llnd climate change. or crises such as Russia's invasion of Ukrnine ond knock-on elTects such a fvel prices and inflalion, tend to distrnct the jovernment away from transport safety. PACTS seeks to engage in a range ofpublic policy debates, including transporL health. and suslainability, adding the safety dimension, and always mindful of our choritable objeclive. PACTS is unique in the fac¢ it is multimodal and cover5 air, rnil. and road tran5PQrt. enabling it to ar¢¢5S specialist advice acr055 these fields ¢0 ensure best practise. experience, evidence, and knowledge 15 shared acr055 th¢5e transport seclors. li is on the roads where most of this experience need5 to be focused a5 thi5 15 where mosl transport-related deaths and serious injurie5 QffUT. TTu5ttts believe this 15 where PACTS should focu5 its efforts and where it can have most impaci. The iru51ee5 SUPPOrt ih¢SafeSyslem for Toad safety managemenL in accordance with iniemational best prdCti¢e. The PACTS priorities for road safety. reflecting the Safe Syslem. have been set out in various documents 5in¢e 2015. Truslee5 hav¢ confirmed PACTS, 5UPPOrt for international road safety effor the UN 2020 Re501ulion on road safety and th¢ 2tyJ Road Safety Decad¢ of Aclion (2020-30). Th¢ trUSt¢¢s have referred, where appropriate, lo the guidance contained in the Charity Commission's g¢n¢rdl guidance on public benefil when reviewing the charity's aims and objectives and in planning its future activilie5. The trustees are satisfied that the priorities seL and th¢ a¢tiviti¢s undertaken are in furthernnce of the charitable objective and the public benefit.
Aclivilies The ac¢ivities of the charity have remained broadly in line with previous yeaT5. A5 noted, PACTS focuse5 on road safety as this is where m05t improvement is needed but main¢ains an active inlerest in rail and air safety issues. PACTS promole5 evid¢nr¢-ba5¢d 501ulion5 in tran5POrt safety. Having undertaken ihe review and release of ihe new vision and four supporting nims. The outward facing activitie5 are: Proactively influence change - Our working parties provide world-leading knowledge and expertise for effective horizon scanning. identifying emerging issues and disruptive technologies. Securing 51rong parliamentary participation and engagement - Parliamenlariuns recognise PACTS as a leading, independent source of trusted, lechnical advice on transport safety. We continue to be asked lo participate in consultations and TSC inquires. Identifying and researching the right 5ubjccts at the ribht timL we aim to provide infornled advice in response to opportunitics prescnl¢d by th¢ Purliam¢nlary ag¢nda and widv trdnsport sJf¢ty i55U¢5. Intemal activity: Growing a valued and well supported Membership- subscriptions from memberships foms the backbone of the resource the charity requires lo effectively undertake its activities. Work continues lo identify potential new members and grow the membership. In 2023124, flexible arrangements for most PACTS events were put in place, including hybrid options for conference5 and Board mecling5, while other meetings remained online to facilitate increased attendance. PACTS continued io provide the secretariat to the All-Paty Parliamentary Group (APPG) for Transport Safety, now with 24 members. The APPG is CO•chaired by MPS Sir Peler Boltomley. Fabtan Hamilton, Baroness Jones, ond Baroness Randerson. Following the new rules introduced for APPGS in 2023, the structure of the group was reviewed and reformLbd. PACTS receives no income for this role and lh¢ APPG has none. PAs a150 provided briefings to MP5> peers and Ihe Shadow minslers on transport safety motters, Io sUPPOrt Purliam¢n¢ary d¢bal¢s, que5tion5, EDM5 and con51ituency matters. PAC'fs led a camptfign to persuade the British Govcrnmenl to adopt the same {or betler) vehicle surety regulations as those applied in the EU from July 2022. Thi5 was a high campaign priority for truslee5, The second briefing note on this topic 'Siill unvaccinaled, was well received. The UK government however remains non-committal. PACTS will continue this campaign in 2024125 unlil it has becn adopied. Our capacity in this area wa5 considerably enhanced by the appointmenl of a Road SBf¢ty Advocucy OfFicer. funded by The Road Safety Trusl and in November 2023 funding was ¢xtend¢d for an additional two years. As well as advising and supporting parliamentarians, PACTS seeks to influence Government lo improve transport safcry. PACTS submitted responses to 16 government and Transport Select Committee's consuliaiions including: Welsh Government Road Safety StrateLy, Driver Certificate of Professional Compeience chanbyes, DVLA consultstion on driver licensing for pcople with mcdical conditions, Home Office consultation on NDORS, the Justice Committee'5 CfE on coroner service, Home Office NDORS and Home Office Type Approval of Road TrnlTic Law Enforcement Devices. PACTS hosted a parliameniary reception in Deccmbcr 2023 for Project EDWARD, where the Road Safety Minister gave the opening address and wa5 attended by num¢rou5 MP5 and Lord5. PACTS has excellenl Communication channe15 with the Dff on transport safety matters. PACTS 15 4 m¢mb¢r of lh¢ D,5 Road Safety Delivery Group? and its Motorists Forum (which last met on the 13 November 2023). PAcfs ha5 close dialogu¢ with olTicials, meeting monthly io discuss the development of a new nBIioDal road safety slrategy, and olher mutters. PACTS ha5 maintained or developed important relaiion5hips with oiher official tran5PQrt bodie5 and private sector Slakeholder5 important 10 tran5porl safety, including Otrice of Rail and Road, DVSA, RSSB, Tran5POrt Focus, MIB, WHO, and National Highways. PACTS is a steering group member of the Dff-funded road ¢olli5ion investigation projecL run by the RAC Foundalion. PACTS is represented on the OITice of Rail and Road's Railway Induslry Health and Safety Advisory Committee, and on the ROSPA National Road Safety Commiite¢ and several other bodies. On a strategie bLqis. PACTS also participates in local safety bodies, including Transport for London's Vision Zero Stakeholder Group and the Vision Zero South West Partnership. All of this reflects the contribution that the charity
seeks to make to improving transport safety and the recognition of its capabtlity to contribute on a wide range of Issues. PACTS attended severdl roundtable events. including Automated Vehicles hosted by the Sos. a road safety event with the shadow Roads minister hosted ROSPA. and a Speed Management event co-hosted by PACTS and the CIHT. PACTS will continue these activities in the year ahead and look to develop new slrategic partnerships. PACTS relies considerdbly on the technical ¢xp¢rtis¢ in its fiv¢ working parties. These typically meet three times during the year. These are: Road Environment Road User B¢haviour Vehicle Design Rail Safety, and Avialion Safety, where PACTS relies on the advice of the Air Safety Group. These groups provide a wealth ofexpertise ond a depth of knowledge on which PACTS trustees and slaff can draw in developing new thinking about transport safety, research projects, responding to government consullalions and select committee inquiries, and in identifying examples of good prdctice to promote. Membership of the working parties is by invilalion from PACTS, and il is generally a mutually beneficial arrdngement. Many PACTS members see the working parties as a significant benefil of PACTS membership. The trustees are grntefvl io all who participate and particularly to the Chairs, Professor David Crnndall, Richard Cuerden. Kale Fuller and Carolyn Griffiths who continued in their roles. All working P[leS have vice.chairs to asslst. The injstees are also graieful to Nick Cluiton, Air Safety Group Chair for providing the link to PACTS. There wus an additional working party on Work Related Road Safety that had its lasl meeting in May 2021, work this year has been undertaken lo sel up a new forum and this will slart up next financial year. The PRC conlinues to integrnte the agend&s of the working parties with the strate&¥i¢ objeciives and activities of PACTS. PACTS doe5 noi have volunle¢T5, in ihe usual meaning of the word for the charity-seclor. However, a great number ofpeople contribute considerable time and expertise at no c05t lo PACTS - particularly through the working parties and enable PAcfs to be credible and etTeclive acrp55 a wid¢ rdng¢ of tran5POrt safety matter5. The ITU5tees are very graleful to all those people. The trustees are glad lo report that PACTS continue5 lo undertake and promole innovotive and timely research. In May 2023. PACTS published the RST funded repo¢ Lusire.. Loiver Urban Speed Limils in Europe. A repon was a150 published by the RUBWP on online driver trninin8 in June 2023 and in January 2024. a follow-up report on e-scooter safety was also published, enlitled Comparingpolice and hospilal e-scooler ¢afualnJ dolo5els. We mainlain pressure on the Government to adopt new vehicle Safety regulations (G¢nerdl Safety and Pedestrian Safety Regulation5) and to publish a new road safety 5trdlegy. PACTS has a constructive relationship with D and its oITicials and keeps the pressure on regarding the need for the regulations that PACTS has proposed. As part of this, PACTS is leading a coalition ofroad safety organisations to develop a road safety manifesto that the wider road Safety community can 51gn up lo. This will continue in 2024r25 in the run up io the generdl election. Funds are still held for the Mobile Evidential Breath Testing Instruments {MEBTI) compeiiiion run by PACTS which Drr funded.11 reached its ihird and final st4ye and two companies have submitled devices to Dsti for lesling. How¢ver, terhnicul ¢hulleng¢5 Temain and the dale at which a new generalion of evidential breath test instruments lik¢ly to be available lo UK police has not been confirnied. PACTS has offered a programrne with a mix of in-person. hybrid, and online events: July 2023 - A joint Road Safety Working Party meeting wa5 held at Loughboroubh University London September2023 - Th¢ Vehicle Design W01ng Party meeting was held online September 2023 - The Road User Behaviour Working Paty meeting was held online September 2023 - The Road Environment Working Party meeting was held online
September 2023 - The Rail Safety Working Party meeting wa5 held online Novcfflbcr 2023 - Th¢ 31. Westminsl¢r Lccturc on Transport Safety was held in-person November 2023 - Conference- 'Tackling Speed: Why we can't delay. was held online. January 2024- The Vehicle Design Working Party meeting wa5 held online. January 2024 - The Road Environment Working Party meeting was held online. January 2024 - The Rail Safety Working Party meeling was held online. January 2024 _ The Road User Behaviour Working Parry meeting was held online. March 2024 - Conference - 'Driving Chunge: Safe System Strategies for Eliminating Work-Related Road Deaths, was held in hybrid fonnat at the Royal Automobile Club in London. PACTS continues to be respected and sought out by the mediL Social media is increasingly importanL and PACTS now has over 1,700 Linkedln followers {a growth of over 500/0 in the past year) and over 5.000 followers on X (fornierly Twitter). PACTS newsletters are sent on a monthly basis via Hubspot to a subscriber list of over 1,000 recipients. PACTS continues lo promole its work throush its own YouTube channel. Attendance at PACTS conference¥ working parties and other events is a rneasure of achievement and the year must be considered another succes5. PACTS hL8 continued lo support inlernntional road safety matters, where this ean be achieved with minimal impact on resource5 and remains a Board member of the European Trdnsport Safety Committee (ETSC). PACTS PresidenL Barry Sheernian MP. chairs the Independent Committee on Road Safety International (ICORSI) providing links and sharing best practice internationally. PACTS and many PACTS member5 again made significant contribulions to ETSC lo raise Irdnsport safety standards ut European and international leve15. The charity was represented on the ETSC Board of Dir¢¢lors by Barry Sheennan (or the Executive Director in hi5 abscnce); and Profe550r Richard A1159p who, until hi5 recent death, was a PACTS Special Adviser, and a COwOPled member. Heather Ward, 4 former PACTS Road Environmenl Chair, continued as Covchair of the Perforniance Infomiaiion Network (PIN) PTogramm¢. Whil¢ PACTS pliiy5 an active and constructive part in Efsc, it does not have th¢ sBm¢ iDr¢ntive to ¢ngag¢ in matters r¢lating lo the EU or European Commi55ion, as consultations may be limited io EU Member Slaics and EU diTecIivL'5 ar¢ nol applicable lo Great Brilain. A recent example being a proposal to require all EU Membor Siat¢S lo introduce an accompanied driving scheme for17-year-old lorry drivers, a conceming slep in the wrong direclion for road safety. Fiiliire Acliviiies During the year ahead PACTS will undertake a ran8e of activitie5 to further its objectiv. In 2024125 PACTS will have a focus on the upcomin&7 elcction to help inforni a new sovernmenl on the need to take transport safety seriously and by doing so making the most of the other benefi15 such as aclive Iravel, reductions in transport relales greenhouse gasses tmd thc impact on the health service. PACTS has funding lo help promote the safe 5yslem and best practice across a rdnge of seclors. It 15 expected the MEBTI project will conclude nexi financial year. Several research projects for 2024n5 are being ¢onsidered and funding sources such as D. RST, etc. are being looked at. PACTS will seek to promo1¢ uptake of its r¢5earch recommendations- on seatbelts, road5 pollcing, drink and drug driving, e-5cooler5 elc. We look forward lo the publication of the Road Safety strdtegic Framework by the UK govemmeDI. PACTS will support thi5 where il meets the Safe System approach bul not be afraid to criticise deficiencies. Trustees will 5UPPOrt further rampaigning by PACTS, in parthership* to persuade the UK government to rdi5e vehiGle safety regulaiions in line with best practice. have agreed to support PACTS conferenc¢5 in 2024125 and it 15 hoped that National Highways will support us again this year. The Direct Line Group continue to 5UPPOrt PACTS to undertake vital work. Other funders will be soughL and a programme of conferences and events developed, including Council of Members and working party meetin8S.
FINAN IA VIEW The charitable company's totsl income for the year was IOO/o more than in the previous year. Total expenditure 1.40/0 more than the previou5 year. PACTS had a profjl of £1.048 compared to a deficit of £19,003 in ihe previous year Und had funds paid carly for future Work. Consequently. OUT total reserves increased from £113,932 to £133,984 which remalns above our set reserves level and have a slight cushion for future years. Thc unrestricled reserve5 increased from £113,932 to £114.981 and rc5tricl¢d reserv¢s inrrewd fTDm r0 to £19,003. Invaflmenr Powers Under the MemorJndum aDd Articles of A55o¢iation the charity has the power to make any investment which the InleeS see fit. No investments have, however, been made during the year. Fundr Avallable aml Reserv Poll Trustees sttk to have a robust and varied income stream for the charity with funds being ratsed through members, 5ubs¢ripitons, Sponsorship of events, delegate fees at events and funding for specific projects. This has meant that th¢ charity has noi had to rely loo heavily on any single source of income, thereby giving the charity sreater flexibility lo face uncertuin times. PACTS received o subslkmtial strategic partnership grant from ihe Safer Roads Foundation that allowed the Road Safety Advocacy OITicer post to be created. This has had a hugely positive affect on the impact PACTS has. In November 2023 the funding was extended for another two years. This is a criticol post within the PACTS family for the ¢omins year to ensure ensagemenl with potential new MPS in ihe run up to the election. Post-covid erd and UK economic perforniance has reshaped the way we engage with members and the wider audiences via conferences and other events, and this has hod an impact on our historic funding model. While thi5 has reduced our income in some areas 1¢ h&$ also reduced the running costs, limitsng any negative financial impact. Support from Nalional blighway5, and commercial sponsoTS and reduced conference costs allowed the cvents to conlribule to staff and overhead costs llnd the impact on PACTS. net income was small. Economic condilions remain challenging for many organisations: inflation has remained high and many costs such 115 ¢nersy bi115 and mJl¢rials also remain high. Publi¢ 5¢Glor finances are still heavily con5trdin¢d and privale s¢¢lor m¢mber5 look very ¢aTrfully at the value of their support. Tru51¢¢5 ar¢ ambitious for PACTS and T015¢ that stsff resources need to be maintained, and preferably increased, lo meet the objeclives. Having a physical office in the Westsninsler area is slill considered importani for 51aff, Cl¢lencY, vi5tiors, and Ihe idcntity of PACTS. The move from our OWTJ offic¢ ¢0 sharing with Tran5PQrt focus has worked w¢ll and has reduced running costs, and r¢vi¢w of future oifice requirements 15 being und¢rtaken a5 ih¢ currenl agreement ends in November 2024. Exp¢nditure on IT SySlem5 elc are the right lev¢1 to meet op¢rd¢ional needs and costs clnot be reduced wiihout affecling ac¢ivity l¢v¢15. AItTacting grants and 5pon50Tship for sp¢¢ific T¢5¢8rch 15 f¢a5ibl¢ bui g¢n¢raling adequate income lo cover core charitable functions is a greater challenge. In this regariL The Road Safety TTU5t grant for an Advocacy Officer is extremely helpful. Through the Management and Finance Committee (MFC). the trustees have emphasised Ihe need to maintain income and to balance the books. The level of churn in membership was small and new members joined. The total number of members has grown lo 145. with new members attrncled from several sectors. including medical. local government (Jersey) and softwarellechnology. In financial terms, the loss of a single corpordte member. which Usually occurs for reasons beyond the control of PACTS. far outweighs the income from a few other members. The MFC decided in February 2024 to raise membership subscriptions by 5•/0 for 2024r25. This has been aecepied by members without objection. The three-year membership deal wtth 2/0 discount is now a routine offer and many member5 have again taken this option. It secures income and reduces administration in tre years. It is also an indicalion of ihe commitsn¢nt that members have to PACTS. Nalional Highway5, Ihe and th¢ RAC Foundation contributed 5pon50rship to PACTS, Spring conference. The Road Safety Trust provided grants for research and the Advoracy Officer. The tru5tee5 ar¢ grdt¢ful lo thw¢ major funders. The truslees have continued io review the reserves policy and agreed that its overnll aim remain5 appropria1¢ for the risks facing ihe organi5ation.
Since 2016117 the trustees have adopted a reserves target of four months expenditure as a medium to long-terni larget. In 2016117 this was £80.000. They noled that the charlty had successfully operated with a much smaller reserve for severdl years and that the rePUL10n of the charity is such that its immediate future is not at sthke. They also noled the guidance of ihe Chartlies Commission nol lo maintain excessive reserves. In receni years a surplus, above the largeL was achieved. Expenditure varie5 from year lo year but the reserves have increased and so ihe rcscrve wa5 rni5ed 10 £90,000 in 2023124 and this Still represents about four month5 of expendilure and truslees have Iherefore retoined ihis target figure. In April 2024, the MFC reviewed this and decided lo rethin this figure. The budget set for the year ahead seeks to achieve a modest surplus. The budget is similar to that for previous year5. The Road Safety Trust awarded PACTS £63.800 pa for iwo years to fund the Advocacy 01Ccr up until November 2025. Based on many years of experience, the Iw5tees are confident that membership income can be mainlained or increased and that applications for research grants and event sponsorship will succeed. Some uncertainlics inevitably remain such as inflation Temllining high and 50 Costs increasing. Savings are being made by shJTing offi¢¢ Spare and th¢ futurc otTice strdt¢gy will look lo keep thi5 mod¢l rath¢r than huving ourown office. The Manag¢ment and Financ¢ Cornmitt¢¢ 15 monitoring ri5k5 regularly and will updllt¢ the budget if Tequired. PACTS was subject lo a banking scam and £30,000 was removed from the acrouni bul qui¢k adion led 10 this being recovered within two days. Staff training and new procedures are in place to minimise the risk of Ihis happening again. PACTS has a good trnck record of rdising income and controlling costs. To dale, income has been enrouraging. The trust¢¢s hav¢ agr¢ed that th¢ reserves policy will be reviewed on an annual basis. FER TRATIV TA The company inforn]ation set out on page I fornis part of this report and includes details of our advisers and reference numbers. Direciors and Tntsiees All directors of the company ore also trustees of the charity and there are no other trustees. The current directors are shown on page 2 of these financial staiements. Dr lan Greenwood took over from Julian Hill as Chair of the PRC. The Board has the power to appoint additional trustees as it considers fit to do so. With nine directors and trustees (at year end), the Board considers there are S1clent members. but it is open lo ihc possibility if a suitable candidate were to be idenlifled, partl¢ularly If this addressed skills gaps and improved diversity. The chaTity 15 ronsti¢u¢ed a5 ll privale company limited by guarantee and is therefore governed by its Memorandum and Articles of Association. These were reviewed in 2022123 and were adopted in 2023124. The charity is organised so that its directors and tru51ee5 meet three times annually pnd ¢xerCI rponsibility for its gov¢Thanr¢. In the intervening period ihe Executive Director dea15 with the routine busine55 Wlth the help of members of PACTS Sff. He is assi51¢d by the MFC, which meets at least thre¢ time5 a year. Jon Crockett remains Ihe MFC Chair and Tere5a Ciano as Vice-chair. The mernber5hip of this committee ¢ompri5es five trustee5 and three COwOPted (at year end). The trustees are a150 SUPPOrted by a PRC. Éo help with th¢ development of PACTS poliry and Tesearch projects. In 2023, lan Greenwood took over from Julian Hill a5 the Chair and Carolyn GritTiihs remains as Vice-chair. The committee meets two or three limes a year. It compri5¢s thre¢ trusiees (ai year end) and the chair5 of the five iechnical workins parties. It has also other CoPted member5 With specific ¢xp¢rtise, including Profe550rs Richard Allsop and Oliver Carsten, Special Advisers to PACTS. Professors Richard Allsop died on 19111January 2024 and the Board have expressed their condolences to his family and reflecied on the part Richard played in 5UPPOrting PACTS over many years. The membership of both committees is kept under review on an annual basis. Governance Reviem,
Following the review of governance procedures and effectiveness in 2020121, this year has been focused on continuing to deliver of the action plan. The next review will be carried out in late 2024. In 2021122 trustees Set about implementing the Ktion plan, presented io Member5 in July 2021. This resulted in the e5tablishmenl of a Council of Members (a fornialisalion of the existing PACTS members meetings), the ation of the new role of presidenL a separate chair of the board, agreed lemis of office for trustees, ternis of reference for all p051tion holder4 annual reviews. and endorsement of the Nolan principle5 and other ethical and behavioural standard5. The trustees believe that Ihe governance arrdngemenls and documentation {the PAcrs Governance Framework) is proportionate to the size and resources of the organisalion. not unduly burdensome and helpful io ihe delivery of the charity's objective5. They believe ihai ihis exercise has been successful and remains relevant. A significant outcome from the Governonee Review was thanges in the roles of some tnslees. Barry Sheernion MP. Chair of PACTS from the outseL resigned from the Board and became President. Tony Ciaburro was elected Chair of the Board and Dan Campsall elected Vice-chair. There have been no changes thi5 year, but the Chair Tony Ciaburro has announced hts intention to step down &s Chair and retire from PACTS following the AGM meeting in July. The Board feels thai thi5 Colltinues to demonstrdte ihe Board's commilment io equality. dIveIty, and inclusion. The charity ho5 a wholly owned 5ubsidiaryi PACTS (Training and Education) Lirniied. It was decided in 2022123 thai this would be closed, and this was compleled in January 2024. Slafflng and capaclty There were the following staff changes in 2023124. In May 2023 Jamie Hassall joined as the new Executive Director. In Nov¢mb¢r 2023 Mabyn Du¢rk joined the new Administrdtor (20 houT5 per week). In January 2024 the Communications Officer. Matthew Fcrguson, left PACTS. Margaret Winchcomb, Deputy Executive DirtOr, s¢rved throughout the y¢ar (four day5 per week). Kumar Nikclan. Advocacy 01cCr, served throughout the y&v. Elva Tehan {self-employed) PACTS finance Officer served throughout the year (ad hoc hours). Business continuity was mainlained but some functions undertaken by the Office & Events Manager are noi fully covered {organise in-person conferences, any 01CC move and administraiive tssks) meaning they are having to be covered by other staff. This has now been resolved with the appointhient of a new Administrator in November 2023. The trustees previously appointed the People's Pension Company Ltd as the pension provider for the PACTS workplace pension scheme. All employees are automatically enrolled and nearly all have chosen lo remain in the scheme. Workplace Pensions Lid manage the scheme for PACTS and ensure PACTS is compliant wilh legal requirements. The PACTS employer pension contribution for all slaff is IO%. SlalT are encouraged lo make additional cmployee contributions and 5om¢ do. Bookkeeping and accounlancy serviccs were provided by Elva Tehan and 4M Accounting were appoinled a5 the new accountants. IT support is provided by Anthony Cluer and Payroll 5ervic¢5 wer¢ moved to 4M to improve the service provided. Th¢ role of Company Secretary wa5 undertaken by the Executive Director, with Specialist le&ial advice 50ughi as n¢¢¢554ry. The trustees are grnieful to all these organisation5 and individua15 who help PACTS to deliver its objectives and services. Rl NA ENT The trustees regularly review the rnajor risks lo which the charity is exposed. in particular those relating lo the operations and finances of the organisation. The Risk Register is now updated and reviewed at each MFC meeling. A specific focus for the yearrelated to a banking scam where £30,000 was removed from the account but recovered within two days and other email and ph0ne-bed phishing attempts. The truslees identified these as principally financial and bu5ines5 continuity. All were successfully managed.
Th¢ trusttts are satisfied that the remit given lo the MFC enables potential risks to be monitort reports to be produced and steps laken during the year to lessen the impact of any risks that may emerge during the year. One mtthanism by which this is discharged is the Executive Direclor Report or Risk Register review via the MFC and Board meetings but as with ihe banks scam, issues will be rdised at the time and a short report Issued. These highlight any concems which are then discussed and acled upon where necessary. Minutes of the Trustees, Meetings have action logs to summarise and trnck actions, including risk rnitigation. The trustee5 remain of the opinion that the major sources of risk io the charity are the uncertainty of the income streams. although these have proved reasonably sthble (in aggregate) over the past few years. The annual addilions to reserves in the years since 2013. apart from 2023, are steps in the right direction. Changes in personnel with accompanying loss of knowledge is also a significant risk. This would risk impacting the charity's capacity to deliver its progrdmme of research and events. This has been mitigated by a deliberdte management Strdle lo share roles and Skills within the leam. Trustees, working party chairs. advisors and co-opted commitlee rnernbers also contribule greatly to the substantive work of the charity. In November 2022, PACTS relocated to Albany House on a short-lerrn lease, sharing an office with Transport Focus. The l¢a5¢ ha5 b¢¢n extended io November 2024. Tw5tees. staff and PACTS rnembcr5 ar¢ very plewd with the offices which hav¢ 5ignifirant b¢nefits al a fi7ftion of ihe r05ts of renting dedicaled offi¢¢ Space. other option5 for office PTemi5e5 are fUTrently being explored before the leuse expires. The trustees themselves have assisted the Executive Directorwith severnl management tasks including fundraisinB, HR. business plannin& marketing, and communications. This also builds capacity and residence in the or8anisation. PACTS staff work in a hybrid method that has made the sharing of otee space work and affordable. This approach has increased our scope to recrnit s¢atT thai need a more flexible working pattem. Options for hybrid even15 (combining phystcal and virtual attendance) are being used and work well for members such os Local Authorities that may have restrictions on travel. Internal financial control procedures were fomialised in 2020121 and are viewed required. Trnstees are satisfled that controls are fit for purpose. TATEMENT FTR TEES, R ILIT The Lnistees (who are also the direclors of PACTS for the purposes of company law) are responsible for preparing a (ruste¢5' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Siandards (United Kingdom Generally Accepted Accounting PTactice). The trusiees are required by law to prepare financial Statements for ¢arh finanrial year which give a true and fair view of the financial activiiies of the charity and of its finanrial p051tion a¢ ihe end of ¢hat year. In preparing (hose financial 5tal¢ments, the tru51¢es are r¢quir¢d io: selec¢ suitable accounting policies and apply them consistently; observe the methods and principals in the charity's SORP 2019 (FRS102); make judgements and estimales that are reasonable and prudenL state whether applicable UK Accounting StandaTd5 have b¢¢n follow¢d, subjerl lo any material departures disclosed and explained in the financial 5tat¢ments- and prepare the fjnancial 5taiements on a going ¢on¢¢rn ba515 unless it 15 inappropriale to assume thai the charity will continue in operntion. The (Tute$ are responsible for keeping proper accounting records which disc105e with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial slalem¢nts ¢omply wilh ihe Companies Act 2006. They are also responsible for safeguarding the assets of ihe charity and hence for takin reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the COOrdIC and financtal inforniation including on the charity company's webslte. Legislation in the United Kingdom governing the preparation and dIemination of financial slatements may differ from legislation in other jurisdictions.
INDEPENDENT EXAMINER The trustees inlend t4) reappoint the newly appoinled independent examiner to undertake the independenl examination of the company for the following year. This report has been prepared in accordance with ihe provisions applicable lo the small company exemption. This report was approved by the Board on I ith July 2024 and stgned on its behalf by the Chair. Tony Ciaburro, Director and Trustee
Independent Examiner's Report to the Trustees of The Parliamentary Advisory Council for the year ended 31 March 2024 I report lo the charity trustee5 on my eXnInall0n of the flnancial 51atements of ihe above company foT th¢ year ended 31 March 2024 which are sel out on pages 13 10 22. Responsiblli¢ies #nd basis ofreport As the charity's truslees of the company (who are also the directors of the company for the purposes of company law), you are responsible for the preparnlion of the financial 5talern¢nts in accordance wilh the requirements of the Companies Act 2006 (-the 2006 Acl"}. Hoving sat15fied myself that the financial statements of the company are not Rquired lo be audiled for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinalion of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ("the 201 l Act"). In carrying out my examination. I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 201 I Aci. Independent ExYdminer'$ Statement The company's gross in¢om¢ ¢x¢e¢d¢d £250.000 and l am qualified io undertake the examination by being a qualified member of the A¢counting Associalion of Terhnicians. I hav¢ completed my examination. I confimi that no maiertal matters have eome io my attertiion which gives me cause io believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006; or . the financial statements do not accord with such rffords: or . the financial staiements do not Comply wilh relevant accounting requirements under seciion 396 of the Companies Act 2006 other than any requirement thai the financial statements sive a 'true and fair, view which is not a matter considered as part of an independent examination; or • the financial slatements have not been prepared in a¢¢ordan¢e with the Charities SORP (FRS102). I hav¢ no concerns and have com¢ across no other matter5 in connection wi¢h the examination lo which anention should be drawn in thi5 report in order lo enable a proper under5tsnding of the fjnancial slalements to be reached. Jon Norton FMAAT ACIE Independent Examiner Barefoot Accounting Ltd, Regent House, Linlithgow EH49 Dat¢: 2024
iHe PARLIAMEPffARY ADVISORY COUNCIL FOR TRANSPORT SAFErY STATEMEKf OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNn YEAR ENDED 31 MARCH 2024 Unrnslrfcted fijnds Reslrlcled funds Tolal lund3 2024 Total ndS 2023 Notes Income Donallons & r•••ar¢h grants 93,883 93,883 94,101 Incom• from charflabl• •cffvlrf•s Subscriptlons Conferences arKI olher prr4ects 109,613 109,613 106,948 Ineom• frnm tradlng acOvld•s Sp[50 and fees 38,000 38.000 23,437 Interest Income Tolal Income 10,352 157,966 10,352 251,648 3,771 228,257 93,683 ndIre Costs ol raldng fund Promotlon & publlclty 1,328 1,326 4,483 Expendlturn on charffable actlvltlez Charftable aCtItte$ 155.592 93.683 249,275 242,777 Total •xpendllur• 156,917 93,683 250,800 247,2eo Nèt Incomel(expendlturn) 1,048 1,048 (19,003) Fund• trdnthrred Net movement In funds (19.003) Tolal fvnds brought foThvard al 1 sl Aprll 2023 113,933 132,936 132,935 Balance Garrfed forward at 3111 March 2024 114,981 133,984 113,932 The statement of Inancial acliiilies includes all galn5 and losses In the year. All Income and expendlture derf* from contlnulng aCtltIes.
THE PARUAMEPKARY ADISORY COUNCIL FOR TRANSPORT 8AFErY COAIPANY 23683Tr BALANCE SHEf AS AT 31 MARCH 2024 2024 2023 FLXEDASSETS TarwJible a55et5 Ileslmenl in subsidiary company 10 11 2.023 3.284 2.023 3.286 CuRRETr ASSET5 12 13 131,534 239,418 Cash at ts8 & in harKI 289.Q91 370,952 298.349 CREDrroRS Arnounts falllTrJ due thIn one year 14 (25T,993 1187.702 NET CURRENT AssErs 112,958 110,647 NEf ASSEr8 114.981 113,933 FUNDS Reslricled Funth 15 Unstrfcled 15 114.981 113,933 Memb•rnFund• 114,981 113,9TJ directors corBider that the coffpary is entitled to exemption from the requiremerf( to have an audit unaer me promslons of Seciion 477 of tre Compafwes Act 2006. Members have not reqlired the compary, Urer Section 476 of the Companies Act 2006. to obtain an aLKlit foi th8 year erKled 31 March 2024. The directots ackTh)wledge their responsibilities for enswiry that the compary keep5 accounting records which compty with Seclton 386 of the Companies Act 2006, a1 for prepartrvJ accourts lch glve a true and fair view ofthe state of affai ofthe compary as at ts 31 March 2024 arKI of its sutpks for the year then ended in accordance with the requirements of Section 396, arKI wf*ch otherwise comply with requirements ofthe Act relatiNJ to the accounts so far as appticable to the conwany. These accoLrts hava been PTepaTrd in aCcOrdae with special provisiork8 fBlatir¥J to compaiies subject to ts small corry)anies regime wilhin Part 15 ofthe Compan5es Act 2006 were approved by ltr Board ...........................2024 and signed on its bekHIf. AntPK)ry Ciaburro Director and Trustee
PAcfs NOTES TO THE ACCOUNTS 2023n4 TIN (a) Basi f Pre aralion of Financial Statements The financial ststements have been prepared in accordance with Accounting and Reporting by Charities: Statement of R¢¢ommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effeclive l January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. The financial statements are prepared under the historical cost convention and on a going concern basis, as no material uncertainties exist and future funding is suificient ai the present time. The financial ststements are presented in sterling which is the functional currency of the charity. PACTS meets the definition of a public benefit entity under FRS102. Assets and liabilitie5 are initially recognised at historical cost ortransaction value unless otherwise staled in the relevant accounting policy note. (b) Incomin urc Income is recognised when the charity has entillement to the fund5, any performance conditions attsched to the item{s) of income has been mel it is probable that the income will be received and the amount can be measured reliably. The in¢om¢ of the company is made up of annual and other membeTS' subscriptions, 80vemment and other 8rants. donations, fees for confer¢nces and research contracts, sponsorship and sales (net of Value Added Tax). Income is accounted for on an accrnals basis except for voluntary donations and other Subscriptions which are accounted for when reccivcd, and grants to fund a particular activity which are accounted for to ensure that th¢ in¢om¢ is r¢cogni5ed when the charity has entitlement lo the funds, any perforniance conditions allached to the granls have been mel it is probable that the tn¢om¢ will be received and the amount can be measured reliably and is not deferred. (c) Interest Receivable Interc5t on funds held on deposit Is included when receivable and the amount Can be measured reliably by the charity: this is notTnally upon notification of the interest paid or payable by the bank. Unrestricted funds are available to spend on a¢tivities that further any of the purposes of the charity. Restricted fid$ are donations and resvdrch lts which the donor has specified are to be solely used for a particular area ofthe charity's work or for specific research projects being undertaken by the clthrity.
nditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is included in ihe Statement of Financial Activities on an accruals basis. inclusive of any VA T which cannot be recovered. Certain expendilure is directly attributable to specific activities and has been included in those cost categories. Olher costs, which are attributable to more than one activity* are apportioned across cost calegories on the basis of an estimate of the proportion of time spent by the staff on these activities. (D Assets and D reciation Tangible fixed assets are stated at cost less depreciation. Deprectalion is provided at rates ¢al¢ulated to write off the cost of fixed assets. less their estimated residual value, over their expected useful livcs on the following basis. Web Development 25V• strdight line basss Computer Equipment 33.3Yo strai8ht line basis Furniture IOY• 5trdight line basis (g) enslon Scheme The company operdtes a scheme to contribute a defined amount to individual employees, pension schemes and the pension charge represents the amounts payable by the company to the various funds in respect of the year. (h) motion and Publici Promotion and publicity costs comprise arnounls incurred in raising the profile of the charity and inducin8 people and organisations to contribute financially io the charity's work. Thi5 includes the cosl of 8dv¢rtising for donation5 and 5POnsor5hip and the costs incurred in ensuring that the work of the charity is recognised by members of both Houses of Parliament and others. (i) ance of the Chari Governance Costs include those costs associated with meeting the constitutional and 51atulory requirements of the Charity such as the costs of the Independent Examiners Report as well as costs of any strategic planning for the future.
Debtors are recognised at Ihe settlement amount due after any trade discounts otTered. Prepayments are valued at the amount prepaid net of any irade discounts due. (k) in han Cash at bank and cash in hand include5 cash and short terni highly lucrative assets with a short maturity of 3 months or less from the date of acquisition or opening ofthe deposit or similar accounL (i) itors and rovisio Creditors and provisions are recognised where the charity a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be me&sured orestimated reliably. Creditors and provisions are norn]ally recognid * their s¢ttlem¢nt amount aft¢r allowing for any trade discounts due. erdtin The charity cl&ssifies the rentsl of the premises from which it carries out Its a¢tivity as an operating lease. Rentab payable under opernting lease is charged to the Stolement of Financial Activities as Incurred over the terni of the lease. en of timali certain In thc application of the company's accounting policies, the trustees are required io make judgemcnts. estirnllte5 and &5511mption5 about the carrying amounl of assets and liabilities that are nol readily apparent from other sour¢e5. The estimates and associaied assumptions are based on historical experience and other factors that are considered lo be relevanL Actual results may differ froffl these estimates. The estimates and underlying &$5umptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that perirf or in the period of the revision and fure P¢Tiods where the revision affe¢ts both current and future periods.
2 VOLUNTARY INCOME lthrestricted Restricled Funds Funds 2024 Total 2023 Total Donations 24.601 Grant5 93,683 69,500 93,883 94,101 Grdnts in 2022-23 inclwjed £69.51X) Re3tiiGted FwK15 3 CHARITABLE ACTIVITIES EXPENDITURE 2024 2023 Conference expenses Project expenditurn (Incl1 staff cost5) Premlses and office costs Staff costs - unstIl¢10d 8Ctiiities GMmanca costs 11,346 185,856 44,749 15,373 156,760 64,863 7.323 5,78 Totals 249,275 242,777 4 PROMOTION AND PUBuaTY 2023 Ad%ertlslrwJ and prlnllng Staff costs 3.119 1,328 S GOVERNANCE 2024 2023 Staff costs IrKleFendent Examinerfs Fees Professional f Tra%el & expenses General 0rhead5 1,235 4,174 7.323 5,782 6 TOTAL RESOURCES EXPE1¥ED Staff Deproclatlon Other 2024 2023 Chaiitable actiiities expenditure Restricted charftable expenditure Promollon and publlcty Go*mance 120.387 44,872 2,237 25,645 48,811 148.269 93,683 188,745 70,250 1,326 5,997 7,323 5,782 167.911 2.237 ,453 250.6IXi 247.259
7 NEf INCOMING RESOURCES 2024 2023 The net Incomiro ceS are stated after dwo¥ng DeplatIon oftsn9ble ffixed assets ovmed by charlty 2,237 2,438 OpEratirwJ lease - rent 13,091 STAFF COSTS 2024 2023 Salaries 138,997 108.996 Social secwity c0518 7,815 Pelan costs 21.OB9 30.255 167,911 145,340 ATrge numbern emplcyed in the yevr. Charitable All Staff sp•nd a cert8ln amounl oftima on rai8iThJ and goKemance thDrk No employee had benefits iexclu(th'ng empltyer pension costs) ow £80,(m P023. 6OCth) Key employa•s total remunerntion £61.132 {23- £5a,140) fjncludlng employer perffj1t cosI8) The lrttstees recehe no rnmunerntion in r8sFeci ot their (knties as TrusteeB Expenses Ire 1MbUed to Iruslee5 In 2023124 totalllng £2,685.50 {202& £575.04) TAXATION The charlty18 exempt trom tax on inc(The and galns falllng wlthln Sectlon of Taxes Act 1988 or Sectitjn 252 ofthe Taxation of Chargeable Galns Act 1992 to the extent that these ar? awled to its chwiLqble objects.
10 FIX ASSEfs -TANGIBLE Web Devel Consolidated and Charriy Coat or valuatlon At 1st Aprfl 2023 4.729 11296 17,Ir25 Additions 975 975 Disposals At 3111 Mar¢h 2024 4,729 13.271 18,001 Depreclatlon At 1* Aprfl 2023 1546 10.195 13,741 Charge ts year 1,183 2,237 Disposal¥ At 31¥t March 2024 4,729 11.248 15,978 N•t Book Value At 31st March 2024 2,023 At 31st March 2023 1,183 2,101 3,284 11 Investhient The InStMent of £2 in PACTS (frniring & Educailon) Ltd Mitt£ off this year as th15 company d15s011. 12 DEBTORS 24 2023 [e wlthln one yoar Prepayments other debtors 3.772 127.762 8,250 131,534 13 CASH AT BANK The cash al bk inclth £105,¢XIO held In respect of the Drr £8,OCK) held the Satp Systems Research project.
14 CRE>ITORS 2024 2023 Amounts falllng wlthln y•?.- Taxation and so¢i41 security Amounts obYd to subsidiary undertaklng Defoned incomè- subsuiptlons MEBTI Winnarn. Other Crlt0 & accruals 1.915 5.150 114.679 105,1 65,070 105.000 12.480 257,993 187.702 15 FUNDS •l•nc• 31J23 Incomlng R•wurEo• Trnndvrd r•wurc•s •xp•nd•d Balanc? 31.324 UnThrfcl•d lunds 113,933 151,955 156.917 114.981 R•lct•d Fund• QcO01e18 RoAd Sal•ly Ad4oGJCy Ollcer Syslems 1.750 $9.933 32,000 1.750 59.933 32.000 Tolal R•8lrfGtsd 93,613 93.113 Totsl fvnds 113,933 251,641 260,600 114,911 The rnstrfcled fvnds liit¢d 4bow hw> receId grants fmm Drr and Rgad Safety Tllft to enable Ihe charily to carry out tts research pmlecls 16 FUNDS PRIOR YEAR Balanco 31.3.22 Incomlng R•U•1 Tranthrn v•wurc•s •xp•nd•d B•l•nc• 31.3.23 Unr•strlctsd fvnd• 168.7SI 177.010 113,933 Rerfctsid Fund¥ ME8TI E- SGooler Road Safety Adwcacy Officer Urty•n speed Ilmit 750 15,000 43,500 11,(100 16.000 43.500 11.0¢)0 Tolal R•lcl•d 750 69.600 70.250 Tolal fvnds 132.936 228.257 247,2fj0 113.933 The rnstricled fwKls 1Ssled alJo hthe been ried fvDrn the Road Safety TnMI IRST) lo enablé tho charity lo ca out ils reSe8h pmje¢ts. The grants rEceid frnm RST In 2022123 amounted to £69,500, Trlallng to reSe0h prujects and lunding the Adwcwcy Offlcer. Restricted fvnds also include tl balance ol a Drr grdnl recied in preths year for tha MEBM project bthich wlll conlIn in 2024125.
16 ANALYSIS OF NEf ASSEfs BETW FUYa)S The rt assts are held ts the lerious knds as follurfts". Tolal 2024 Unrelcted Relcted TlIe fixed assets 2,023 2,023 Cash at bank 239,418 239,418 N81 curmt as5elsl(Ilabilill8s) (126,480) <12e,460) 114.981 114.981 Plea6e rKte, the bank balance includes £105,trfX) held ft)r Dff awards and £9,000 held for the Safe Systems ffjseah project. 17 LEGAL STATUS OF THE CHARITY The Parflamentary Ath4sory Cowcil TranspDrt Sakty is a prIle company, irtory)Nated in Ergland and Wales, limited by guarantee and ha5 no share capital Each guarantor has agreed to contribute up to £10 in the ent of the *indin9 up oftha ccrfnpany. The registered office is Albany Hw5e Pacts GroLnd Floor, 94 - 98 Petty France, 18 PENSION COMMITMENTS The company operales a scheme lo contrltmrte a defjned amount to indsiidual ernplwees, Penslon Schemes. The assets of the fvrKls are tr£ld separntely frcffi those ofthe company in Sndependently adminlstered ftmds. At tr balance sheet dale there here unpaid conlrflyjtions of £1933 {2023 - £2283) 19 OPERATING LEASE COMMITMEwrs At 31BI March 2024. total ccmmitmenls under operaling lea5e3 as sel below. Land & bulldln 2024 Land & bulldln 2023 Operating leases ththich expire.. Within one year The charge br the year for the ab Leas• was 20 RELATED PARry TRANSACTIONS Agllysis Ltd (D CPSalI) Payments totallir¥J 1.500 including VAT (2023.. £2,5CKI)
THE PARUAMEMfARY ADVISORY COUNCIL FOR TRANSPORT SAFErY TRADING AND PROFIT AND LOSS AccouKf FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME Membership subs Grants, projects, donations Conference fees & sponsorship Donations Other Income 109,613 61,683 70.000 1 CE.948 69,500 23,437 24,601 241,296 224.486 EXPENDITURE Conference expenses Research projects Working Party costs Salaries Recruitment & trnining Office rental & premises costs Slati¢nery & office expenses Telecommunications Web d&elopment costs Subs & publication5 Committee. tra¥el & entertaining Accounlancy & payroll Independent examination Bank charges Insurances Publicity & promotion ETSC Depreciation Professional fees NOn-Tecorab]e VAT Computer & sundry expenses 11,346 19,208 1,389 167.911 2,675 4,848 6.178 348 936 15.373 9,583 1,194 145,340 3,370 21,234 4.790 2,856 1,551 79 2,068 17,760 2,350 1,462 1.369 3,119 3.549 2,438 744 7,030 4,174 19.024 1,235 530 1,277 127 3,699 2,237 588 2.850 19 250,601 247,259 OPERATING SURPLUSIIDEFICIT) 9,304 122,773) Interest Celble 10,352 3,T11 Surpluslfdeficlt) for year 1,047 (19,002)