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|PRINCIPAL ADDRESS|70Cowcross|Street||
|---|---|---|---|
||London|||
||ECIM 6EJ|||
|BANKERS|HSBC|||
||6Market Place|||
||Henley on Thames|||
||Oxfordshire|||
||RG9 2AN|||
|INDEPENDENT EXAMINER|Chaweevan|Williams|FCCA|
||Verdant Accountants||Ltd|
||167Clarence Avenue|||
||New Maiden|||
||Surrey|||
||KT3 3TX|||





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|CONTENTS|||Pages|
|---|---|---|---|
|Annual Report|||4-9|
|Independent<br>Examiner's||report|10|
|Statement offinancial|activities|||
|Balance sheet|||12|
|Notes to the accounts|||13-15|





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|mmissioner<br>members ofthe IT|C during the re|
|---|---|
|Terry Hill CBE(Chairman)||
|Professor David Banister||
|Kristine Beuret OBE||
|Mary Bonar||
|John Dawson||
|Nicholas Finney||
|Dr Stephen Hickey||
|Professor Ying Jin (appointed|24 May 2022)|
|Professor Peter Jones OBE||
|Sarah Kendall||
|Roger Madelin CBE||
|Steven Norris||
|Stephen Rinsler (retired 24 May 2022)||
|Bridget Rosewell CBE||
|Dr Deborah Saunt||





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|||Note|2022|2021|
|---|---|---|---|---|
|Income from:|||||
|General donations|||182,500|130,376|
|Project specific charitable|activities||0|0|
|Interest Received|||911|949|
|Total|||183,411|131,325|
|Expenditure<br>on:|||||
|Charitable<br>activities|||119,860|132,451|
|Total|||119,860|132,451|
|Net movement<br>in funds|||63,551|(1,126)|
|Total funds at 1 October|2021||245,323|246,449|
|Total funds at 30 September 2022|||308,874|245,323|





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|||2022|2021|
|---|---|---|---|
|Current assets:||||
|Cash at bank and in|hand|312,201|246,889|
|Liabilities:||||
|Creditors: amounts|falling due within one year|3,327|1,566|
|Net current assets||308,874|245,323|
|Total net assets||308,874|245,323|
|The funds ofthe charity:||||
|Unrestricted<br>funds||308,874|245,323|
|Total charity funds'||308,874|245,323|





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|2.|Expenditure<br>on Charitable|Activities|||2022|2021|
|---|---|---|---|---|---|---|
||||Core|Direct|||
|||Basis of|running|research|||
|||allocation|costs|costs|Total|Total|
||Costs directly allocated||||||
||to research activities||||||
||Aviation<br>Strategy|Direct||9,036|9,036|14,929|
||Transport<br>impacts of|Direct||9,676|9,676|13,068|
||Covid-19||||||
||Low Carbon Urban|Direct||11,924|11,924|9,289|
||Intra structure||||||
||Why Travel? study|Direct||10,820|10,820|22,473|
||Technology &Travel|Direct||4,726|4,726|2,751|
||Freight &UK Economy|Direct||||1,646|
|||||46,182|46,182|64,155|
||Support costs allocated||||||
||to charitable<br>activities||||||
||Salary costs in relation to|Direct|43,000||43,000|43,381|
||general management||||||
||Administrative<br>assistance|Direct|9,882||9,882|8,388|
||TraveVpostage/computer|Direct|1,210||1,210|1,585|
||costs/stationery||||||
||Printing/photo<br>copying/|Direct|3,905||3,904|3,915|
||Promotional<br>material/||||||
||Website||||||
||Events/debates/seminars/|Direct|4,607||4,607|1,361|
||hospitality||||||
||Service &office charges|Direct|4,740||4,740|3,555|
||Insurance|Direct|902||902|844|
||||68,246||68,245|63,029|
||Governance<br>costs||||||
||Accountancy|Direct|5,321||5,321|5,171|
||Bank charges|Direct|111||111|96|
||||5,432||5,432|5,267|
||Total Expenditure||||||
||||73,678|46,182|119,860|132,451|





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||||2022|2021|
|---|---|---|---|---|
|Wages and salaries|(gross)||81,180|81,180|
|Employer's<br>social|security (Nat. Insurance)|costs|3,727|5,490|
|Other pension costs|||4,059|4,059|
|Total employment|costs||88,966|90,729|



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