THE PARLIAMENTARY ADVISORY
COUNCIL FOR TRANSPORTSAFETY
(A Company Limlted by Guarantec)
DIRE￿oRs, 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.
PA￿s 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 W0￿1ng 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
In￿leeS 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 T￿0￿￿15¢ 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, C￿l¢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 cl￿not 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 ￿t￿re 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 rePUL￿10n 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 0￿1Ccr 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 S￿￿1clent 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￿ r￿ponsibility for
its gov¢Thanr¢. In the intervening period ihe Executive Director dea15 with the routine busine55 Wlth the help of
members of PACTS S￿ff. 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 C￿oPted 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.
dIve￿Ity, 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 Dir￿tOr, s¢rved throughout the y¢ar (four day5 per week).
Kumar Nikclan. Advocacy 0￿1cCr, 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 0￿1CC 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-b￿ed 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 o￿tee 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 (Tu￿te$ 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 CO￿OrdIC and financtal inforniation including
on the charity company's webslte. Legislation in the United Kingdom governing the preparation and dI￿emination
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 eX￿nInall0n 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
ndI￿re
Costs ol raldng fund
Promotlon & publlclty
1,328
1,326
4,483
Expendlturn on charffable actlvltlez
Charftable aCtI￿tte$
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 aCt￿ltIes.

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
Un￿strfcled
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,
Ur￿er 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, a￿1 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 aCcOrda￿e 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 fi￿d$ 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 recogni￿d * 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
fu￿re 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 (Incl￿1￿ staff cost5)
Premlses and office costs
Staff costs - un￿stIl¢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 0￿rhead5
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
Dep￿latIon 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
Pe￿lan costs
21.OB9
30.255
167,911
145,340
A￿Trge 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 {2￿3- £5a,140) fjncludlng employer perffj1t￿ cosI8)
The lrttstees recehe no rnmunerntion in r8sFeci ot their (knties as TrusteeB
Expenses I￿re ￿1MbU￿ed 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 In￿StMent of £2 in PACTS (frniring & Educailon) Ltd Mitt£￿ off this year as th15 company d15s01￿1.
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 b￿k 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 ob*Yd to subsidiary undertaklng
Defoned incomè- subsuiptlons
MEBTI Winnarn.
Other Cr￿lt0￿ & 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
UnTh*rfcl•d lunds
113,933
151,955
156.917
114.981
R•*lct•d Fund•
Q￿cO01e18
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> receI￿d grants fmm Drr and Rgad Safety Tll￿ft 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
Re*rfctsid 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 ￿rie￿d fvDrn the Road Safety TnMI IRST) lo enablé tho charity lo ca
out ils reSe8￿h pmje¢ts. The grants rEcei￿d frnm RST In 2022123 amounted to £69,500, Trlallng to reSe0￿h
prujects and lunding the Adwcwcy Offlcer. Restricted fvnds also include tl* balance ol a Drr grdnl recie￿d in
preths year for tha MEBM project bthich wlll conlIn￿ in 2024125.

16 ANALYSIS OF NEf ASSEfs BETW￿ FUYa)S
The r*t assts are held ts the lerious knds as follurfts".
Tolal
2024
Unre*lcted Re*lcted
T￿lIe 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
ffjsea￿h project.
17 LEGAL STATUS OF THE CHARITY
The Parflamentary Ath4sory Cowcil TranspDrt Sakty is a prI￿le 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 e*nt 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 C￿PSalI)
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-Teco￿rab]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 ￿Cel￿ble
10,352
3,T11
Surpluslfdeficlt) for year
1,047
(19,002)