Financial Statements Road Haulage Association Benevolent Fund For the year ended 31 December 2022 Charity number: 1082820 Road Haulage Assoclatlon Benevolent Fund Contents Page Reference and administrative details of the charityy its trustees and advigerg Trnst••s' rèport Ind•pond•nt •xamlnerfs r•port Statement of financial activities BalarbC• sh••t Notes to the flnanclal statemonts 7-12 Road Haulage Assoclatlon Benevolent Fund Reference and administrative details of the charity, its trustees and advisers For the ye2r ended 31 December 2022 Trustees Ir James Anthoni. french IChAirtnanl fr 11ndre￿ W'illiam Ri)bert LI[2&n￿1)n-JellklnS (Vice C.hairn]an} Nlr Andrew Patrick I%Lith Boi.le Ir ill1dre￿ Nl2cri£ e Trlrs l-ar()I l.cslLI. ()'Bticn NIS Etnnii& Ilictorii& ColliA5 Nlr Ncil K¢lli' 1155 Laura Blair Charity registered number 1082820 Address Roxdwai House, Brttton li'ai., Bretton, Peterborough, PE3 SDD Legal Status Tht Chariry. u'as cnnstituted under 2 trust deed d2tea 28 June 21100 as amended b}? the 'Deed of Amendment, dated 13 OctLiber 2011. Chairnian Ir Jatne5 Klnthoni. French Independent Examlner Grant Thornton GND LLP Ch&irtered ilccounrant5, 12 - 15 D￿lle￿ll SquAre I￿,eSt, Belfasr, BTI 6JH Page 1 Road Haulage Assoclatlon Benevolent Fund Trustees, report For the year ended 31 December 2022 The tn]sree% 8ul)mit their annuq& I rtp()rt the financial %tarement% ()f the R()ad Haulage Ass()ciati(Jn Benei'()lent r,und ("The r'uncl") f()[ the i'e41r ¢nd¢d .31 December 2n22. The financial Étatements hai'e been prepared in 1ccI)rclance ￿'1th the i¢¢i)untinL pc)licie% set i)ut in N()te I t() the*e fJnanaci&i1 8tatemtnt8 and c()mpl!' ￿.-1th the C.hariry s Trusr l)eed, the current ￿t￿￿tut()r1. requirements, the rgquir¢ment% (If the chariti s ¥1)i'¢rninL, d()cument ancl the pr()i'i%i<)n% i)f the Statement [?[ Rec()mmendeLI Practice ISl)Rl)} Ilcc(iunting &ind Rep()rting bi. Charities" effective l Jxnu&2ri, 21115. Structure, Governance and Management ThL R(Ikcl l-IkulagFL A%%i)cikti¢)n BLnLI"()ILnt funcl 1% rLgtyqtLrLd ￿'1th thL C.haritt' C.()mmissi()n (RL&li%trati()n Numb¥r 1082820) &ind ha% been ci)nstituied uninc()rp()raied £2%S()ciati()n ii,hich is ¥()i-erned bi. the Trust Deed dated 28 Junc 2(m as amcnclc(I bi. thL 'DLLd <)f Amcn£lmcnt' clatLcI 1.3 Oct()bcr 21111. Th¢ Fund was c%tabli%hcd ti) pr(>vidc rLlicf fri)m pi)vcrt)'. w()rking t<) h¢lp th()sc pe<)ple in hardship M,hi) arc. ()r have been, ci)nAected with Ihe ,455()ciaii()n. The Fund llins Nlr Neil Kelly fvliss laura Ejlair Trustees are apwinted bi. the Board of Dir¢ctors of the Rr)ad Haulgg¢ Associati(In T.imited. Financial review Tlie F.und's Th'ork 15 reliant on doni< uon income raised b} metnber5 of the RoL2d ulage Associ1< uon Limited. F)ttring the i'¢ar ¢nded .31 Decembtr 21122 tntal incr)me ￿,2$ £-3.3.2()1 (21121.. £.27.()CJ31 ￿.hICh was a 14,/, dec￿2￿¢ oi-er the prior i'ear. The lower donations from RH,,1 tnefflber ren¢￿'al5 were tnf thL Inci)mini￿ rL%¢)urcL% and pplicati()A of rt50urces of the chariTh. for that period. In preparing these financial starements, the Tru%tees are rLNuirLcI ti): sclect %uital?Ic acc(iuntinx p()licies an(1 thLn appl!. thcm c()n%istentl}" ()b5ern-e rhe meth()d5 nd principles in the Chi< riues SC)RP. make jud¥m¢nt$ 2nd accnunting e%timatrs that ar¢ r¢a8()nal)le and prudent. prtPns. including suppurt costs and costs relating t() the gO￿"ernanCe uf the chariy. apporlli)ned to charitable acuN"ities. GraAt5 pa3-14 ble are charged in the }'eaE ￿,hen the offer is made e.xcept in those ca5e5 where the uffer is cnnditionai, %uch grant% being￿ reCi)g￿rLiEea expenth.ture ii..h¢n the cnnditions attaching &rt fulfilled. Grant5 offered Subject to condition5 which have not been mer at the year end 14re noted a5 a commitmen¢ but niit Accrued as exptnditure. 1.4 Interest receivable Intere%t ()n funds htld i)n depi)sir is incliidtd ￿hen receii'able and the m()iint can be tnea%ured reliabl), b)- thL' ¢h#riti" thib is num)all}' upun ni)tiFicalli)n o)f rhL intL'rLSt paid (Ir pA}'ablL b!. thL Bank. 1.5 Debtors Trade and other debtor% are recO￿lSed at the settlement amount after an}, trade discount nffered. Prepa}Tments are valued at the amount prepaid ner OE any trade di5COUnts due. 1.6 Cash at Bank and in hand Cash at bank and in hand include5 cash and shorr tertn highli liquid iAI'esrtnent5 With a short fflaturity, f three mr)nth8 nr le88 from thc datc nf ACqUj%ltion or npening of the dcpri%it or %imilar account. 1.7 Liabilities and provisions Liabihuts art reci)gnised ￿.hell there I￿ An nbbytiiit] at the Balance %heet date re%ult of a pist Ll'Lnt. it is probablL" that a tranbfLr o)[ LCI)nomic bLnLfir will bL rLquirL.d in sL'ttl¢mLnt, and the amo)unt of the setdement n be estimated reli&ibli,. Liabihties are recognised At the amount that the chariry, anticipatL% it Thill px}- t() scttlL thL dLbt ()r thL' amc)unt it has rLcLlI'Ld as xdi-ancLd px}-mLnt% f()r rhL good% or 5en-ice% it musi prni'ide. l)rni'i8ion8 ￿￿re mea￿Ured at the best e5titnaie of thc atnounis requircd to sertle the obligation. 11.'here the effect of the time value of monei. is material. the provision is based un the present ￿lIu£ ()f thi)%e ami)unts, di%c(iunttd at the pre-tax disci)unr rate that reflect￿ Iht risks specifjc to the liabilit).. 'I'hc unwina1rtL￿ of thc discoun¢ is rccobmtscd th"ithin intcrcst pai'ablc and similar ch2r¥e5. Page 8 Road Haulage Assoclatlon Benevolent Fund Notes to the financial statements For the year ended 31 December 2022 Accounting policles (continued) 1.8 Financial instruments The charitt, onli. ha5 financial a55Ct5 and financial liabiliries ol a kind that qualifv a5 basic financial instruments. Basic financi21 instruments are initiaili. recognised at transaction value and subsequtntl} measurLd at thLir sLttlL'mLnt valuL ￿1th thL Lxccption uf bank loans which arL" subsLquently measurL.d t xmortised cost using the effecupe intercst method. 1.9 Fund accounting General Funds &2re unrestricted funds which arc aN'ailable for use at the discretion of the Trustees in EurthLrincc ()f the ￿Fe￿LrI7 ()bjcctyvcs <)f the charitt." and which haiTC n()t bccn desibynatcd fc)r athcr purposes. 1.10 Fixed Asset Investments InN"e51menrs are ini014 ll!, recognised At their transactiun value and 5ubsequendi' meabured at their marker ue at the Balance Sheet date ll%ing￿ the cli)%inL qunted market price. The StAtement of Fit]ancial IIclliTities include5 the net k7ain5 or losses ri5inkr on rei'aluation and d55POSLi15 thruu&Fhout the }'ear. Taxatlon statllg Th¢ compan). is a chariti, and has cx¢mption from Corporation Tax. Analysls of Exp•ndltur• by •xp•ndltur• typ• Othet costs Tutal 2022 2022 2U21 Charitable cases lanagemenr 2nd 2dtniAistratiun OF rhe Fund 32,444 11,974 32,4H 11,974 20.566 11,930 44,418 44,418 32,496 Total 2021 32,496 32.496 Related Iransaclions and trustees 'expenses ¥nd remyneralion. No salaries or wagt% have been paid ta emplo}-ee8, including the members of the Board nf Tru%tees during this ur rhe previuus jear. ThL. r,und rLimbut%L% rhL sp()ns()iinK I)rL￿nIs￿4 ti()n (R()ad HaulaKFL Asso)ciation l.imitLdl lor the KLnLra] admini8tr2& unt] of the Fund and dei& ling with drjnauon requ£%ts nn a dai. ti) da}. basi5. This pa}'ment for the }ear r() 31 December 2022 wa5 £11,97412021'. £10,560) Page 9 Road Haulage Assoclatlon Benevolent Fund Notes to the financial statements For the year ended 31 Decembet 2022 staff costs The charit5. has t]0 empln}ees ather than the Trustees, who did rkot recei&e ani. remuneration12021 - £NIL). No emplo}ree received rtmuneration amounting to more than L60,000 in eÈther l'ear. Debtors 2022 2021 ATnount5 owed bi, group undettakings 227 Creditors: Amounts falling due within one year 2022 2021 Am(iunts i)wcd tu L*roup undcrtakinLFS ..Iccruals and deferred income 1fl.n(Il 2,650 2,775 2,775 12,711 Page 10 Road Haulage Assoclatlon Benevolent Fund Notes to the financial statements For the year ended 31 Decembet 2022 statement of funds ststement of funds - Cyrrenl year Balance at 31 December Balance at J January 2022 Income Expenditure 2022 Untestricted funds GLnL'ral f,undb all funds ()ther (Yeller￿ funds 868,022 4,429 868,022 (6,728) 33.261 (44.418) 872,451 33,261 (44,418) 861,294 Stattmtnt of funds - prfor y•ar Balance at l Januari. 2021 Bai2£ nce at 31 December 2021 Incom Expendirure Unrestricted funds Genen41 Funds - all funds Qther General funds 868,022 9,232 868,1122 4.429 27.693 132.496) 877.254 1_32.496) 872.451 Page11 Road Haulage Assoclatlon Benevolent Fund Notes to the financial statements For the year ended 31 Decembet 2022 Analysis of net a55ets between funds Analysls of n•t ass•ts betw￿￿ funds- currnnt y•ar Unr¢5trict¢d funds Total funds 2022 2022 f.urrent assets Crediror5 due within one Treat 864,068 (2,775) 864,068 (2,775) 861,293 861,293 Analysls of n•t assots b•tw•on funds . prfor y•ar Untesrricted funds 2021 Total funds 2021 Current a55ets Crcdit¢)rs due within one j'ear 885,162 (12,7111 885,162 (12.711) 872,451 872,451 io. Capital eommitm•nts and eontiftg•nt liabilitiès There were nu capiiai ctJmniitmeAr5 or contingent liabilities at 31 Decemb£r 2022 (2021: NIL). Page 12