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2020-09-30-accounts

LIVING STREETS 03•0 . ro000 IF, ANNUAL REPORT- & ACCOUNTS,,

Annual Report and Accounts 2019–20

Annual Report and Accounts 2019–20

WELCOME FROM THE CHAIR

I AM PLEASED TO INTRODUCE THE ANNUAL ACCOUNTS AND TRUSTEES REPORT 2019-20

A special thanks to Alan David Hyman for his generous gift to the charity this year.

This report provides an annual overview of our work and the public benefit we have promoted as a charity.

This year we bade farewell to retiring CEO Joe Irvin, who increased the charity’s reach and income sources, and welcomed our new CEO, Mary Creagh, who has a wealth of experience campaigning on transport, public health and environmental issues. I am grateful to Jenni Wiggle who stepped up as interim CEO, and guided the charity through the transition from office to home working with great skill. There were more changes, with Terence Bendixson retiring as our President, having made vigorous contributions to the cause of walking over many years. In his place, we are delighted to welcome Lord Michael Bates as Living Streets’ new President.

This year has marked a profound change in the way we live. The coronavirus pandemic has taken lives and destroyed livelihoods. It highlighted the inequalities already present in our society and it made them worse. Can we build back better? There are grounds for hope. During repeated lockdowns, people from all walks of life have experienced the benefits walking brings – finding nature, a better sense of wellbeing and a new-found love of physical activity.

The Government heeded our call to provide emergency funding for pop-up pavements for safe social distancing. Thousands of our supporters called on their local authorities to create more space for walking. A record number of our supporters called on the government to put walking first in the Highway Code Review and 16 new local Living Streets groups were formed – the highest ever number in a year.

I am warmed by the strength, spirit and support that my fellow trustees and our dedicated staff team have shown in this tumultuous time. Living Streets’ bold new five-year strategy has three key outcomes; choose walking, better streets for walking and accessible walking for all walks of life. Our 90-year mission to inspire people to walk more is needed now, more than ever.

Our activities address the profound challenges that society faces, from climate change and air pollution, to physical and mental health crises. Special thanks go to our members, volunteers, local groups and supporters who work alongside our staff across the UK and are vital to our mission. We are grateful to the UK Department for Transport, the Scottish and Welsh governments, and the local authorities, charitable trusts, foundations and corporate partners who make our achievements possible.

Dame Jane Roberts

Chair of the Board of Trustees, Living Streets

WELCOME FROM THE CHIEF EXECUTIVE

IT IS A PRIVILEGE TO JOIN LIVING STREETS AT SUCH AN IMPORTANT MOMENT FOR WALKING

Mary Creagh

Chief Executive Officer, Living Streets

There is broad agreement on the need for people to walk more, for health and to tackle the climate emergency. This is reflected in the Government’s pledge of £2 billion for walking and cycling and a host of new policies to support carbon emissions reduction ahead of the 2021 UN Climate Change Conference in Glasgow.

We changed our project work away from in-person support because of COVID restrictions. We provided online resources to families, to supplement our walk to school work with hundreds of thousands of children across the country. Our charitable trading arm, Living Streets Services, swiftly adapted to the changing environment and ensured all schools, early years settings and workplaces were supported.

The pandemic affected the whole Living Streets community - our staff, trustees, volunteers, members, and beneficiaries. But I have been struck by the way in which it has renewed our resolve and passion for our purpose, to inspire people to walk more. I have also been struck by the things that make us special – our excellent, high quality services and projects; our positive confident, enthusiastic, ‘can-do’ staff team; our inspirational campaigns and fundraising efforts; and our collaborative, pragmatic approach which focuses on tackling inequalities.

Additional investment from the Department for Transport in September to work with an additional 250 schools, shows the Government’s support for our mission. This, alongside the Active Travel Funding to local authorities, reveals a growing understanding of how walking tackles the country’s twin epidemics of obesity and loneliness and helps reach our Net Zero goals.

We are embarking on a new five-year strategy, Walk with Us. It’s bold, ambitious, and has walking at its heart. This report describes the impact that we have made over the year, the reach we have into communities across the UK and how we mobilise and influence to achieve a better walking environment and inspire people to walk more.

The year has seen campaign successes and generated wider support from Local Group volunteers and members. We have taken stock of our programmes and projects with an in-depth look at our award-winning WOW walk to school challenge, which we will adapt to the changing world – both in terms of its sustainability, relevance and digital delivery.

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Annual Report and Accounts 2019–20

Annual Report and Accounts 2019–20

CONTENTS

Our Impact 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Who We Are . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Covid 19 Impact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Covid 19 Response . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Influence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Impact .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Income .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Looking Ahead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Financial Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Reserves Policy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Investment Policy and Performance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Remuneration Policy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Risk Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Reference and Administrative Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Independent Auditor’s Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Consolidated Statement of Financial Activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Consolidated Statement of Cashflows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Notes to the Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

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Annual Report and Accounts 2019–20

Annual Report and Accounts 2019–20

WHO WE ARE

WE ARE LIVING STREETS, THE UK CHARITY FOR EVERYDAY WALKING

OUR VISION

A nation where walking is the natural choice for local, everyday journeys.

OUR MISSION

Achieve a better walking environment and inspire people to walk more.

STEPPING FORWARD STRATEGY 2017–2020

2019-20 MARKED THE FINAL YEAR OF OUR STEPPING FORWARD STRATEGY WHICH HAD FOUR STRATEGIC OBJECTIVES:

4 Be a strong, fair and well-equipped organisation

COVID 19 IMPACT

LIVING STREETS HAS ACTED QUICKLY AND RESPONSIBLY AS THERE HAS BEEN CONSIDERABLE WORKPLACE AND FINANCIAL IMPACT TO THE BUSINESS OF CORONAVIRUS (COVID19)

The pandemic affected the whole Living Streets community – our offices closed in March and all staff were moved to temporary home-working; the lockdown restrictions on personal contact curtailed our activity with beneficiaries, with some staff furloughed as a result; and our volunteers and local groups were no longer able to meet faceto-face. Fortunately, due to the advance of technology most of our customer service, financial governance and administrative operations have been carried out remotely.

and work life and acknowledge the resilience and agility that everyone has shown in adapting to this new way of working in such a challenging time.

As a result of the outbreak, we cancelled commercial events, including distribution of summer walk to school resources, our Happy Shoesday fundraising event and commercial elements of National Walking Month. This has reduced our overall planned revenue for the year, but through tight cost control and early development of mitigation plans including through our participation in the Government Coronavirus Job Retention scheme (CJRS), we were able to reduce the financial impact to a sustainable level in order to deliver the targeted year end surplus.

The health and safety of our staff, volunteers and Local Groups remains paramount and we are focussed not only on business as usual but on keeping staff morale high with minimal face-to-face interaction. We recognise the challenge of juggling home

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Annual Report and Accounts 2019–20

COVID 19 RESPONSE

THE NEED FOR SOCIAL DISTANCING HIGHLIGHTED THE INADEQUACY OF OUR STREETS

We were one of the first charities to call for more space for walking. We emphasised the importance of walking as the most accessible and environmentally friendly form of exercise. Campaigners across the country were inspired by our call – we created 16 new local groups, the largest ever increase in a year, and nearly 2,000 people called on their councils to reallocate space. In response, the Government committed £250m to an Emergency Active Travel Fund to prioritise walking and cycling.

When schools returned in September, we worked with the Department for Transport to develop shareables to promote walking to school on social media and hosted walks to school with a number of MPs, including Transport Minister Chris Heaton-Harris MP. We developed a video for WOW walk to school launch assemblies to replace inperson assemblies.

We used online channels and remote support to engage with other project audiences and beneficiaries, including workplaces and early years settings, and have remained in contact with local authority partners and clients throughout the pandemic.

Lockdown prevented us delivering many of our project and commercial activities as face-to-face activities were halted. We developed family resources to encourage families to walk safely at home and a series of #WalkingFromHome blogs.

As restrictions loosened, the London office was made COVID-secure and re-opened in July. The Department for Transport has pledged record levels of investment in walking and cycling to embed the infrastructure and behaviour change seen during the pandemic.

1 INFLUENCE

UNDER STRATEGIC OBJECTIVE ONE, STRENGTHEN THE VOICE FOR WALKING, WE WANTED TO SEE:

PUBLIC POLICIES REFLECT THE BENEFITS OF WALKING

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Annual Report and Accounts 2019–20

THE WALKING AND CYCLING ALLIANCE (WACA), WHICH WE HELPED TO FOUND, HAS FOCUSED ON GOVERNMENT SPENDING ON WALKING AND CYCLING, MAKING THE CASE FOR A STEP CHANGE IN INVESTMENT

It has produced myth busting resources to build the positive case for Low Traffic Neighbourhoods.

RAISING THE PROFILE AMONG KEY AUDIENCES

BUILDING A COMMUNITY FOR CHANGE

Our supporters, members and Local Groups help us achieve change – whether through supporting online actions or campaigning in their local areas.

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Annual Report and Accounts 2019–20

Annual Report and Accounts 2019–20

SOME OF THE HIGHLIGHTS FROM THE GROUPS:

2 IMPACT

UNDER STRATEGIC OBJECTIVE TWO ‘DELIVER PROJECTS WITH LASTING IMPACT’, WE WANTED TO SEE:

n A range of project offers that are innovative and scalable.

EXCELLENT PARTNERSHIP WORKING AND PROJECT DELIVERY

During lockdown, due to face-to-face project activities being halted, we took the following actions in relation to our project activities:

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Annual Report and Accounts 2019–20

ROBUST EVIDENCE OF THE IMPACT OF OUR PROJECTS

WALK TO 2017-20 AND 2020-21

Funded by the Department for Transport (DfT), Walk To is delivered by Living Streets as the lead delivery partner for a consortium of ten local authority partners to:

Between April 2017 and March 2020, we worked with 1,214 primary schools, 96 post-11 education and training settings, and 103 workplaces. 169 of these settings received a community street audit, school route audit or travel plan support. Our evaluation showed that for 2019-20:

Olwen Revill , a librarian from Surrey, took part in our Walking Works programme, which increases walking in the workplace. She said:

Through the 2020-21 extension to the Walk To project, we will provide support to 1,040 primary schools, 30 post-11 education settings and 40 workplaces. Plans are in place to ensure overall project targets will be met by 31 March 2021.

“ It’s great having an external organisation, dedicated to walking, who have all the facts and benefits of walking as it focuses your mind. And getting the Walk Champion training, and all coming together to see how it can work has been great!”

Helen McDonald , PE Coordinator at Springwood Junior Academy and Aughton Junior Academy in Sheffield, said setting up Living Streets’ walk to school challenge WOW was extremely easy and logging journeys has become

“ a daily activity that has fitted into our morning routine”.

After one month, 89% of pupils received a WOW badge – meaning the majority of pupils were walking, cycling, scooting or Park and Striding to school!

WALK TO SCHOOL OUTREACH 2019/20 AND 2020/21

This project aims to overcome barriers to walking and help the government reach its target of 55% of children walking to school by 2025. It is delivered with a partnership of six local and combined transport authorities. These projects were funded by the Department for Transport through a £1m grant in 2019-20, and a further £1m for 2020-21.

In March 2020, at the end of the 2019-20 project, we had achieved:

Mark Chadwick from St Mary’s RC Primary School in Salford said that during the pandemic, more children are walking to school as

“ parents find that having their own fresh air experience helps with their mental wellbeing and the children’s”.

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Annual Report and Accounts 2019–20

Annual Report and Accounts 2019–20

WALKING NATION SCOTLAND

Highlights of the Walking Nation project include:

This work is supplemented by service level agreements for Smarter Choices, Smart Places schools delivery in 10 local authority areas.

EFFECTIVE LEGACY FOLLOWING PROJECT COMPLETION

LCWIP 2017/20 AND LCWIP 2 2020/21

Living Streets is part of the strategic support consortium led by Sustrans and including Cycling UK for the DfT’s Local Cycling and Walking Infrastructure Plan (LCWIP) project. These plans aim to support active travel by helping local councils understand how people walk and cycle their streets and set priorities for improving walking and cycling infrastructure.

In March 2020, £900k for the second phase of LCWIP, which runs until May 2021, was announced. The focus of LCWIP 2 is to give support to participating local transport authorities, from route planning to designed schemes. We are in discussion with Sustrans and the DfT regarding the final programme of work and final agreement on proposed plans. Healthy Streets and University of Leeds’ Institute of Transport Studies (ITS) have been commissioned to support this work.

ACTIVE ACCESS FOR GROWTH (AAFG) 2017/20 AND 2020/21

The AAfG contract delivers Living Streets products and services to support active travel across East Sussex, working with the council and partners to achieve modal shift. A key achievement is the delivery of Community Street Audits to inform the Emergency Active

Travel Fund tranche 1 output. All targets for the 2017-20 contracts, worth a total of £173,000, were met by 31 March 2020, and we secured a contract for £65,300 for a further year to March 2021.

WEST OF ENGLAND COMBINED AUTHORITY ACCESS FUND CONTRACTS 2017/20 AND 2020/21

aligning activities to support Modeshift Stars accreditation. Following these successes, we secured a new contract for 2020-21 worth £74,639 to work across Bristol, South Gloucestershire, and North Somerset to build on and grow our reach.

In 2019-20 we worked with 105 schools, delivering projects including WOW, Free Your Feet, Next Steps transitions activities and school route audits. School street consultations and active travel maps were delivered with some schools, as well as

A RANGE OF PROJECT OFFERS THAT ARE INNOVATIVE AND SCALABLE

IMPROVING STREETS

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Annual Report and Accounts 2019–20

Annual Report and Accounts 2019–20

OLDER ADULTS

INCOME

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AS PART OF STRATEGIC OBJECTIVE THREE, GAIN FINANCIAL SUPPORT FROM A WIDER RANGE OF SOURCES, WE WANTED:

This was supported by £210k investment from reserves across the period.

A MORE DIVERSE RANGE OF FUNDING TO STRENGTHEN OUR SUSTAINABILITY

Diversifying our range of funding, measured as our income excluding our largest source (DfT), demonstrated progress as we recorded increases:

Other significant financial support in place this year is reported in Note 2 (page 45) of the financial statements.

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Annual Report and Accounts 2019–20

Annual Report and Accounts 2019–20

STAKEHOLDERS UNDERSTAND HOW WE CAN SUPPORT THEIR OBJECTIVES AND SUPPORT US MORE

Funding from major grants continues to be a significant source of income for Living Streets:

We have continued to generate income from statutory grants and tenders, including;

From Trusts and Foundations, we have secured funding for our work with older people in London and Scotland.

MORE INDIVIDUALS AND ORGANISATIONS UNDERSTAND, VALUE AND FINANCIALLY SUPPORT OUR CAUSE

The corporate landscape has been challenging, but income was secured from sources, including:

We have continued to develop our Individual Giving programme rooted in our membership offer, and have seen a number of successes:

MORE SCHOOLS AND OTHER AUDIENCES WANT OUR PRODUCTS AND FUND THEIR OWN PARTICIPATION

Due to school closures, in relation to the pandemic, the summer term of WOW was cancelled incurring a loss of £326k revenue. Walk to School Week was postponed to October, downgrading revenue by £35k.

across the lockdown period, and our local authority customer and partner relationships have been retained going into the new financial year.

At year-end, the company generated revenue of £927k (against original budget of £1.3m) and profit of £232k (against original budget of £325k).

However the Living Streets Services team led cross-departmental development of resources to support our primary school, post-primary and workplaces audiences

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Annual Report and Accounts 2019–20

Annual Report and Accounts 2019–20

LOOKING AHEAD

of walking can be experienced by all, regardless of income, race, age, ability or gender.

The year ahead promises to be exciting and offers significant potential for walking. The November 2020 Spending Review set out plans to expand funding for walking and cycling and we will continue to discuss the opportunities in 2021 with the Department for Transport and local authorities. We will scale up our operations, local groups, and membership to ensure walking is at the heart of the nation’s carbon reduction strategy. We will place equality, diversity and inclusion at the heart of our approach so the benefits

Positive policy change is also expected, with final decisions being made on the future of the Highway Code and pavement parking in England. We will be making the case for walking to candidates in elections to the Scottish Parliament, Welsh Assembly, Mayoralties, county councils and local and combined authorities across the country.

OUR STRATEGY

THANKS TO PARTNERS

AT THE BEGINNING OF OCTOBER 2020, WE LAUNCHED OUR NEW FIVE-YEAR STRATEGY WALK WITH US.

The Board of Trustees would like to thank our partners who have made our work possible.

Our new strategy is bold, ambitious and reflects the changed world we are in. Walking is at its heart and we want to see three key outcomes:

FOR THE YEAR ENDED 30 SEPTEMBER 2020

The Trustees of Living Streets are pleased to present their report and the audited financial statements for the year ended 30 September 2020.

Reference and administrative information, set out on page 34, forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities (Charities SORP FRS102).

OBJECTS

The objects for which the charity is formed are to promote the safety of the walking public and the comfort and general amenities of pedestrians.

LEGAL STATUS

Living Streets (The Pedestrians Association) is a UK-wide charity. Originally established in 1929, the present incorporated entity was registered as a charity in England and Wales in 2005 and is also registered in Scotland.

The organisation is a charitable company limited by guarantee, incorporated on 17 February 2005 and registered as a charity in England and Wales on 22 September 1962. The company was approved for entry in the Scottish Charity Register on 22 August 2008.

The company was established under a memorandum of association, which set out the objects and powers of the charitable company and is governed under its articles of association.

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Annual Report and Accounts 2019–20

Annual Report and Accounts 2019–20

FINANCIAL REVIEW

FINANCIAL REVIEW SUMMARY

Our cash flow remains strong as we continue to maintain a robust cost control. The financial risk, credit risk, liquidity risk and market risk are monitored by Senior Management Team on a regular basis. All cash and cash equivalents are kept with banks and financial institutions. There are no barriers or impacts from accessing the funds and no concern on the recoverability from our customers. The level of working capital is adequate to meet all short to medium term liability and contingent commitment.

In response to COVID 19 we acted with agility to mitigate the negative financial impact of the pandemic on our unrestricted fund reserves.

Our principal focus is to ensure the charity continues to remain solvent, in surplus , and able to deliver on its strategy. Covid-19 has had a medium-low impact on our business operations and activities. Some operations have been reduced due to the national closure of schools and restrictions in workplaces. Our summer WOW sales and National Walking Month fundraising events were cancelled. We furloughed 29 staff on the Coronavirus Job Retention Scheme (CJRS) and claimed £281k in this financial year for the loss for these staff members.

At 30th September 2020 Living Streets cash balances is £3,523,059 (2019: £2,118,909). The increase in cash is mainly due to £1.3m grant income received shortly before the year end cut off date for projects due to begin after that date.

KEY FACTS
2019-20
2018-19
Unrestricted (defcits)/surplus
20,350
(142,857)
Unrestricted Income
1,314,330
1,318,106
Total Income for the year
6,495,067
5,634,781
Net Cash Infow from Operating activities
as a % of total income
21%
5%
Unrestricted reserves as a % of total income
22%
26%
Free Reserves
343,430
459,339
Staff numbers, average full time equivalent
83
74

The financial statements include the consolidated results of Living Streets’ subsidiary company, details of which are shown at Note 1 (page 43). These accounts have been prepared on a going concern basis as described in Note 1 of the Accounting Policies.

INCOME

Living Streets’ consolidated statement of financial results, for the year ending 30th September 2020 is an overall surplus of £1,129,526 (3.5% of total income) (2019 a surplus of £195,030).

EXPENDITURE

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Annual Report and Accounts 2019–20

YEAR ON YEAR COMPARISON
OVERVIEW
2020 £M
2019 £M
CHANGE £M
Total Income
6.49
5.63
0.9
Total Expenditure
5.37
5.45
-0.1
Total Funds Carried Forward
3.56
2.43
1.1

The total funds for the Consolidated Living Streets (charity and trading subsidiary) as of 30 September 2020 amounted to £3,562,059 (2019: £2,432,533) of which £2,126,721 is restricted (2019: £1,017,545). Total unrestricted funds increased to £1,435,338 (2019: £1,414,988).

Total income in 2020 was £6,495,067, (2019 £5,634,781), an increase in total income of £860,286. The unrestricted income in 2020 totalled £1,314,330, (2019: £1,414,988). Income from charitable activities amounted to £6,079,981 (2019: £5,273,635), an increase of £806,341. Income for the year includes £1.3m received in advance, principally £1m from the DfT for a new project known as Walking Back to School.

Funds of the parent charity increased by £1,299,264 (2019 £2,031,171 to £3,330,436) and this included distribution of the previous year’s profit from Living Streets Services amounting to £401,543.

Total income of Living Streets Services Ltd was £927,643 (2019 £1,168,101). The trading income figure in the consolidated accounts is £246,121 (2019 £318,199) which is the amount generated through third-party sales. The figures exclude amounts generated through transactions between Living Streets and Living Streets Services Limited.

The average number of employees at the reporting date equated to 92 (2019: 82). The full time equivalent (FTE) of staff numbers was 83 (2019: 74 FTE).

The trustees believe that the charity is in a good financial position in the short to medium term and will continue to deliver an impactled programme of work in 2020-21 with adequate resources to continue operating for the foreseeable future. Accordingly, they consider the going-concern basis remains the appropriate one on which to prepare the annual report and the financial statements.

More detail of the grants and other funds received during the year are found in Notes 2 (page 45) and 14 (page 54) of the financial statements. The Trustees would like to thank all individuals and organisations who continue to support the work of the charity.

Resources expended amounted to £5,375,177 (2019: £5,454,757), a decrease of £70,579. Living Streets ran 15 restricted grants in the financial year ending September 2020 (2019: 14 restricted grants).

We are looking forward with a clear view of the impact we want to have. This is supported by our financial plans to make sure that can maximise this, so that we can make the difference that we want to make, for everyone.

As of 30 September 2020, the unrestricted net movement in funds (including designated funds) is a surplus of £20,350. The Development fund expenditure as of 30 September 2020 is £139,793 as shown in Note 14.

RESERVES POLICY

The Trustees reviewed the reserves policy at the end of September 2020 and have designated funds and agreed to increase the Reserve Fund to £550k (2019 £350k). This is to ensure that we have sufficient cash to cover up to a maximum of six months unrestricted expenditure in the event of an orderly wind up of the charity.

Reserve Fund denotes the amount set aside to enable an orderly winding up of the charity’s affairs in the event this should be required.

The Trustees have reviewed the level of reserves required in line with the guidance issued by the Charity Commission. They recognise the need to ensure that the reserves held enable financial stability, are adequate to meet working capital requirements and can safeguard the charity’s current commitments against the fluctuations in income levels, particularly in the current uncertain economic climate.

THE BOARD OF TRUSTEES APPROVED THE FOLLOWING RESERVES BALANCES AS OF 30 SEPTEMBER 2020:

Development Fund: Legacy Fund: £136,053 £100,000 (2019: £275,846)

The explanation for Restricted and Designated reserves funds are given respectively in Notes 14 to the financial statements.

Reserve Fund:

Available reserves are those funds which are available to be spent by the charity in line with its strategy. Available reserves are released by the Trustees when required for the business planning process. In the financial year available reserves decreased by £154k (2019 decreased by £6k) to £418k at 30 September 2020.

Stabilisation Fund: £550,000 £100,000 (2019: £350,000)

The purpose of these funds is set out in Note 14 (page 54) to the financial statements.

The Trustees consider the level of available reserves to be adequate, and they will continue to review the deployment of reserves above the level needed for the reserves policy.

THESE ARE AS FOLLOWS:

The Trustees designated £500k investment in 2017 for a comprehensive review and upgrade of IT systems, income diversification, enhanced membership and supporter assistance and development of Living Streets’ work in Wales. As of 30th September 2020, the balance remaining is £136k.

As of 30 September 2020, free reserves amounted to £343,431 as shown in Note 13 (page 53). The figure comprises of general available reserves excluding tangible fixed assets (General fund £417,500 less Tangible Assets £74,069).

Stabilisation Fund denotes the amount set aside to facilitate a smooth transition from the end of the current funding cycle to the next. During the year the Trustees have approved a contingency transfer of £48k to cover for salaries of project staff whilst funding for project continuation is confirmed. This was not utilised in the financial year end accounts of 2019/20.

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Annual Report and Accounts 2019–20

Annual Report and Accounts 2019–20

INVESTMENT POLICY AND PERFORMANCE

The Trustees adopt the investment policy as per Charity Commission. They ensure the real value of the charity’s assets are invested to be secured and enhanced by investment in a portfolio of pooled investment funds. The Trustees are responsible for ensuring that the levels of risk and income are appropriate, and that the charity does not knowingly make investments in any stocks which may be considered unethical in the context of the objects of the charity.

As of 30 September 2020, the closing value of the investment funds held in stocks and shares were £187,145 (2019 £177,509) resulting in a net gain on investment of £9,636.

GOVERNANCE

Living Streets is a UK charity with its head office in London and regional/national offices in Edinburgh, Newcastle upon Tyne and Cardiff.

The charity is overseen by a Board of Trustees, whose principal responsibilities are strategy, planning, compliance and financial oversight, and holding the Chief Executive Officer (CEO) and Senior Management Team (SMT) accountable for the day-to-day running of the organisation. SMT ensure that appropriate structures and processes are in place to enable effective oversight, scrutiny and decision making across the organisation, that there is accountability for those decisions and that there is effective leadership, and communication with staff across the organisation.

The Trustees have a wide range of skills and experience. They are appointed for a period of three years, which is renewable normally no more than once. The Trustees, together with the CEO, identify the skills, experience and geographical representation required of the Trustees to ensure that the board reflects this need. The induction for prospective board members includes documentation and discussions with key people, which cover the role and responsibilities of Trustees. The Trustees receive periodic updates and guidance on their role as Trustees of the Charity.

The Trustees meet five times a year to review strategy and performance, agree operating plans and annual budgets, to review the risk management of the charity. Subgroups of the Trustees form the Audit and Risk Committee, which meets as required, typically quarterly.

CONTRIBUTION OF VOLUNTEERS

to make donations. Members of Living Streets have a formal role in the charity’s governance. They sign up to the Memorandum and Articles of the charity and have voting rights at the Annual General Meeting (AGM). Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 30 September 2020 was 2,367 (2019: 1,300).

Living Streets aims to have a wide reach across the UK. Our network of volunteer campaigners across the country support this. The dedication of our members, supporters and local groups is vital to our success and is appreciated by our staff and our Board.

Membership of the company is open to all supporters and does not require a subscription, though we encourage members

REGISTER OF INTERESTS

Living Streets Trustees and Directors and Senior Management Team are required to declare any new interests at each board meeting which is recorded. An annual declaration of interest form is kept on file at end of each financial year. As 30 September 2020 we have received interest forms from all related parties.

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REMUNERATION POLICY

LIVING STREETS IS COMMITTED TO A FAIR REMUNERATION PROCESS, SO STAFF ARE PAID APPROPRIATELY FOR THE WORK THEY DO

The Trustees delegate day-to-day management of the charity to the CEO and Senior Management Team. The salary of the CEO is set by the Chair on behalf of the Board of Trustees, taking into account responsibilities set out in the job description and information about salaries for similar posts in other similar charities within the public and charity sector in order to establish a level of salary that will enable us to attract and retain the right person for the role. Salaries for other members of the Senior Management Team and all members of staff are determined by considering similar criteria. A review of Senior Management (and staff) pay scales is made annually by the Salary Review Panel. The members of the panel consist of the CEO, Director of Finance and Resources and the Treasurer. The panel considers inflation, market comparability and cash flow and budget affordability in their recommendation to the Board for a decision. This sets the salary scales. Progression of staff within pay scales is considered in conjunction with the appropriate line manager. Final decisions on pay progression for the Senior Management Team and staff within the prescribed pay scales are made by the CEO.

The key management personnel of the charity comprise the Chair of Trustees, the CEO and the Senior Management Team. Overall responsibility for the good governance of the charity lies with the Trustees, none of whom receive payment for their services, though they are entitled to reasonable travel and subsistence expenses for Living Streets’ duties, such as attending Board meetings.

RISK MANAGEMENT

The Board regularly reviews the Strategic Risk Management plan of Living Streets. In 2019/20 risks were categorised as follows: financial, regulatory, reputational, workforce and culture, business development and delivery.

The Board of Trustees and Executive have introduced procedures and reporting regimes to manage and reduce identified risks. Trustees have agreed clear lines of delegation and authority to appropriate managers and involved 5 staff in the recognition of risk in all activities. The Senior Management Team reviews strategic and operational risks, and the progress and impact of identified mitigation measures, as part of its standing agenda.

The proper safeguarding of children and adults with whom we are working: we have reviewed our safeguarding procedures and provide training to all staff and volunteers who work with children and vulnerable adults. We have a designated team of safeguarding officers who closely work with schools and other organisations to ensure that we report safeguarding concerns appropriately, and we report on safeguarding matters routinely to our trustees.

As part of its normal planning procedures, the Board of Trustees has made an assessment of the principal strategic risks to which the Charity is exposed, and has agreed and monitored the actions taken to manage each one:

While we aim to maximise our impact in improving the lives of our beneficiaries, we know that doing this successfully means balancing different needs.

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THE FOLLOWING STATEMENTS SUMMARISE THE CHARITY’S POLICY IN MANAGING IDENTIFIED FORMS OF FINANCIAL RISK:

The Trustees have satisfied themselves that there are strategies in place to prevent or manage the effects of identified risks so that residual risk is reduced to an acceptable level. These strategies include implementation of control systems and processes throughout the entire organisation, the transfer of certain risks to external insurers, and the management of risks that cannot be avoided.

PUBLIC BENEFIT

The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives, its achievements in the past year and in planning its future activities. It is considered that the past and planned future activities comply with the aims of the charity and are carried out for the public benefit.

EQUALITY AND DIVERSITY

Living Streets strives to be an equal opportunity employer and campaigns on behalf of beneficiaries through projects, campaigns and services. We are setting baseline in our new strategy to monitor the equality and diversity framework that we will adopt at Living Streets.

LIVING WAGE EMPLOYER

Living Streets is an accredited Living Wage employer. By paying the real Living Wage, we are voluntarily taking a stand to ensure our employees can earn a wage which is enough to live on.

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

The Trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the group’s income or expenditure for the year. In preparing those financial statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the Trustees confirms, that to the best of their knowledge, there is no information relevant to the audit of which the auditors are unaware. Each of the Trustees confirms that they have taken all necessary steps to ensure that they themselves are aware of all relevant audit information and that this information was communicated to the auditors.

The Trustees have no beneficial interest in the charity.

AUDITORS

Approved by the Trustees on 21 January 2021 and signed on their behalf by:

Dame Jane Roberts

Chair of the Board of Trustees, Living Streets

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REPORT AND FINANCIAL STATEMENTS

30 SEPTEMBER 2020

CONTENTS

Reference and Administrative Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Independent Auditor’s Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Consolidated Statement of Financial Activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Consolidated Statement of Cashflows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Notes to the Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

REFERENCE AND ADMINISTRATIVE DETAILS

COMPANY NUMBER 05368409 CHARITY NUMBER 1108448 CHARITY NUMBER SC039808 (SCOTLAND) REGISTERED OFFICE America House, OFFICE AND 2 America Square, London, EC3N 2LU OPERATIONAL ADDRESS PRESIDENT Michael Bates Appointed 24 June 2020 Terence Bendixson Retired 6 March 2020 VICE PRESIDENT Susan Claris Appointed 24 June 2020 Ken Chapman Retired 6 March 2020

TRUSTEES

TRUSTEES Dame Jane E Roberts Chair Trustees, who are also Mollie Bickerstaff Treasurer directors under company Averil Price law, who served during Susan Claris the year and up to the William Tyler-Greig date of this report were Alexander Veitch as follows: Christopher Martin Jo Field Tom Rye Resigned 20 November 2019 Fiona Walker Barbara Walshe Mohammed Mohsanali Shruti Jain Appointed 6 March 2020 Sarah Price Appointed 6 March 2020 Ros Richards Appointed 6 March 2020 COMPANY SECRETARY Faheza Peerboccus Appointed 31 March 2020 PRINCIPAL STAFF Mary Creagh Chief Executive Appointed 1 Sept 2020 Joe Irvin OBE Chief Executive Retired 1 April 2020 Jenni Wiggle Interim Chief Executive 12 Mar 2020 to 31 Aug 2020 Jenni Wiggle Senior Director Chris Rushbrook Interim Director of Local Impact Alex McHardy Interim Director of Development Faheza Peerboccus Director of Finance and Resources Stephen Edwards Director of Policy and Communications BANKERS Cooperative Bank Plc NatWest PO Box 250, Skelmersdale, PO Box 12258, 1 Princess Street, WN8 6WT London, EC2R 8BP SOLICITORS DWF LLP Centurion House, 129 Deansgate, Manchester, M3 3AA INVESTMENT MANAGERS CCLA Investment Management Ltd 80 Cheapside, London, EC2V 6DZ AUDITORS Mazars LLP 2nd Floor, 6 Sutton Plaza, Sutton Court Road, Sutton, Surrey, SM1 4FS

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INDEPENDENT AUDITOR’S REPORT

OPINION

We have audited the financial statements of Living Streets (The Pedestrian Association) (the ‘parent charity’) and its subsidiary (the ‘group’) for the year ended 30 September 2020 which comprise the Consolidated Statement of financial activities, the Consolidated and Charity Balance Sheets, the Consolidated Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

IN OUR OPINION, THE FINANCIAL STATEMENTS:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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OTHER INFORMATION

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

and

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In light of the knowledge and understanding of the group and the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Accounts (Scotland) Regulation 2006 requires us to report to you if, in our opinion:

or

or

or

or

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees’ responsibilities statement set out on page 33, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the group’s and the parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do so.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

We have been appointed as auditors under Section 44(1)(C) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/ auditorsresponsibilities . This description forms part of our auditor’s report.

USE OF AUDIT REPORT

This report is made solely to the charity’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body for our audit work, for this report, or for the opinions we have formed.

Signed: Nicola Wakefield (Feb 10, 2021 18:51 GMT)

Nicola Wakefield

(Senior Statutory Auditor) for and on behalf of Mazars LLP Chartered Accountants and Statutory Auditor

2nd Floor 6 Sutton Plaza, Sutton Court Road, Sutton, Surrey, SM1 4FS

Date: 10/02/2021

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CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 SEPTEMBER 2020

(incorporating an income and expenditure account)

INCOME FROM:
RESTRICTED
UNRESTRICTED
2020
2019
NOTE
£
£
£
£
Legacies
-
100,000
100,000
500
Donations
-
62,757
62,757
34,715
Charitable activities
2
5,180,737
899,244
6,079,981
5,273,635
Activities for raising funds
-
246,121
246,121
318,199
Investment income
-
6,208
6,208
7,732
TOTAL INCOME
5,180,737
1,314,330
6,495,067
5,634,781
EXPENDITURE ON:
Raising funds:
Costs of raising income
-
225,920
225,920
236,684
Costs of raising
tradingincome
-
207,324
207,324
245,593
Charitable activities
4,071,561
870,372
4,941,933
4,972,480
TOTAL EXPENDITURE
3
4,071,561
1,303,616
5,375,177
5,454,757
Net gain on investment 8 - 9,636 9,636 15,006
NET MOVEMENT IN FUNDS 4 1,109,176 20,350 1,129,526 195,030
TOTAL FUNDS AT
1 OCTOBER 2019		 1,017,545 1,414,988 2,432,533 2,237,503
TOTAL FUNDS AT
30 SEPTEMBER 2020		 2,126,721 1,435,338 3,562,059 2,432,533

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 14 to the financial statements.

BALANCE SHEETS


THE GROUP
THE CHARITY
AS AT 30 SEPTEMBER 2020
THE GROUP
THE CHARITY
AS AT 30 SEPTEMBER 2020
THE GROUP
THE CHARITY
AS AT 30 SEPTEMBER 2020
THE GROUP
THE CHARITY
AS AT 30 SEPTEMBER 2020
THE GROUP
THE CHARITY
AS AT 30 SEPTEMBER 2020
THE GROUP
THE CHARITY
AS AT 30 SEPTEMBER 2020
THE GROUP
THE CHARITY
AS AT 30 SEPTEMBER 2020
FIXED ASSETS:
2020
2019
2020
2019
NOTE
£
£
£
£
Tangible assets
7
74,069
112,027
74,069
112,027
Investments
8
187,145
177,509
187,145
177,509
TOTAL
261,214
289,536
261,214
289,536
CURRENT ASSETS:
Debtors
10
395,676
340,161
333,017
231,333
Stock
80,088
123,603
14,628
2,982
Cash at bank and in hand
3,523,059
2,118,909
3,449,641
1,882,443
TOTAL
3,998,823
2,582,673
3,797,286
2,116,758
LIABILITIES:
Creditors: amounts
due within one year
11
(642,958)
(390,656)
(673,045)
(326,103)
NET CURRENT ASSETS 3,355,864 2,192,017 3,124,241 1,790,655
TOTAL ASSETS LESS
CURRENT LIABILITIES		 3,617,079 2,481,553 3,385,456 2,080,191
Provisions for liabilities
and charges		 12 (55,020) (49,020) (55,020) (49,020)
NET ASSETS 13 3,562,059 2,432,533 3,330,436 2,031,171
FUNDS 14
Restricted Income funds 2,126,721 1,017,545 2,126,721 1,017,545

Approved by the trustees on 21 January 2021 and signed on their behalf by Dame Jane E Roberts, Chair

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CONSOLIDATED STATEMENT OF CASHFLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

CASHFLOWS FROM
OPERATING ACTIVITIES:
2020
2020
2019
2019
£
£
£
£
Net income / (expenditure)
1,129,526
195,030
Adjustments for:
Depreciation
38,253
38,274
(Gain) on investments
(9,636)
(15,006)
Interest income
(6,2080
(7,732)
(Increase) / decrease in trade
and other receivables
(55,515)
89,273
Decrease in inventories
43,515
5,137
Increase / (decrease) in trade
and otherpayables
258,302
(35,627)
Disposal of fxed assets
850
2,260
Cash fows generated from /
(used in)operations
269,561
76,579
NET CASHFLOW FROM
OPERATING ACTIVITES
1,399,087
271,609
CASHFLOWS FROM INVESTING ACTIVITIES:
PURCHASE OF PROPERTY PLANT
AND EQUIPMENT
(1,145)
(147,554)
Interest received
6,208
7,732
5,063
(139,822)
NET INCREASE IN CASH
1,404,150
131,787


NOTE TO THE CASHFLOW:
AT 1 OCT
2019
CASH
FLOWS
AT 30 SEP
2020
Cash at bank
2,118,909
1,404,150
3,523,059
NET CASH
2,118,909
1,404,150
3,523,059

NOTES TO THE FINANCIAL STATEMENTS

1 ACCOUNTING POLICIES

These financial statements consolidate the results of the charitable company and its wholly-owned subsidiary Living Streets Services Limited on a line by line basis. Transactions and balances between the charitable company and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two companies are disclosed in the notes of the charitable company’s balance sheet. A separate statement of financial activities, or income and expenditure account, for the charitable company itself is not presented because the charitable company has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.

The year end results of the Charity in the year is a suplus of £1,299,265 (2019: surplus £151,484).

is accounted for on a receivable basis, and is recognised in full in the financial statements in the period in which probate is granted and the amount of the legacy can be estimated with reasonable accuracy is accounted for on a receivable basis, and is recognised in full in the financial statements in the period in which probate is granted and the amount of the legacy can be estimated with reasonable accuracy.

f)

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Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure. Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity.

2
INCOME FROM
CHARITABLE ACTIVITIES:
RESTRICTED UNRESTRICTED
2020
2019
£
£
£
£
London Councils - Service Level Agreements
-
52,586
52,586
93,327
Scottish Government Scotland
WalkingNation
229,491
-
229,491
317,050
Bus Connectivity and Walking Project
-
-
-
90,000
Housing Association Walking Project
-
-
-
25,000
Out and About, Smarter Choices
Smarter Places
92,999
-
92,999
-
Paths For All Walking Workplaces
for Wellbeing
11,752
-
11,752
7,461
Smarter Choices, Smarter Places
(Scottish Government)
-
169,558
169,558
256,329
Walking Friends Wales
180,774
-
180,774
-
Cardiff Streets for Health
25,000
-
25,000
-
DfT Modeshift National Schools Travel Awards
-
-
-
60,000
Go Walking (West Yorkshire Combined
Authority)
-
-
-
53,912
Big Lottery Fund Walking Connects
(Scotland)
110,634
-
110,634
222,562
Walk To (DfT)
2,473,667
-
2,473,667
2,474,333
Walk To School Outreach
1,000,000
-
1,000,000
943,000
Travel Tracker
-
-
-
57,000
Walking Back To School
1,000,000
-
1,000,000
-
City Bridge Trust (Redbridge Streets Apart)
33,420
-
33,420
21,200
Access West Fund 20-21
-
78,044
78,044
-
Sustainable Travel Transition Year
(STTY)Fund
-
69,166
69,166
68,487
South Gloucestershire (Access Fund)
-
30,348
30,348
74,664
Local Cycling and Walking Infrastructure
Plans(LCWIPs)
23,000
-
23,000
99,069
Consultancy and business development
-
499,542
499,542
410,240
TOTAL
5,180,737
899,244
6,079,981
5,273,635

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Annual Report and Accounts 2019–20

INCOME FROM CHARITABLE ACTIVITIES:
RESTRICTED
UNRESTRICTED
2019
FOR THE YEAR ENDED 30 SEP 2019
£
£
£
London Councils - Service Level Agreements
-
93,327
93,327
Scottish Government Scotland Walking Nation
317,050
-
317,050
Bus Connectivity and Walking Project
90,000
-
90,000
Housing Association Walking Project
25,000
-
25,000
Paths For All Walking Workplaces for Wellbeing
7,461
-
7,461
Smarter Choices, Smarter Places (Scottish Government)
-
256,329
256,329
DfT Modeshift National Schools Travel Awards
60,000
-
60,000
Go Walking (West Yorkshire Combined Authority)
-
53,912
53,912
Big Lottery Fund Walking Connects (Scotland)
222,562
-
222,562
Walk To (Access Fund 17-20)
2,474,333
-
2,474,333
Walk To School Outreach
943,000
-
943,000
Travel Tracker
57,000
-
57,000
City Bridge Trust (Redbridge Streets Apart)
21,200
-
21,200
Sustainable Travel Transition Year (STTY) Fund
-
68,487
68,487
South Gloucestershire (Access Fund)
-
74,665
74,664
Local Cycling and Walking Infrastructure Plans (LCWIPs)
99,069
-
99,069
Consultancy and business development
-
410,240
410,240
TOTAL
4,316,675
956,960
5,273,635
3



TOTAL EXPENDITURE:
DIRECT
STAFF COSTS
DIRECT
COSTS
SUPPORT
COSTS
TOTAL
2020
TOTAL
2019
£
£
£
£
£
Cost of raising funds
205,022
12,664
8,234
225,920
236,684
Costs of raising
tradingincome
167,904
8,582
30,838
207,324
245,593
Charitable activities
3,145,914
998,658
797,361
4,941,933
4,972,480
TOTAL EXPENDITURE
3,518,840
1,019,904
836,433
5,375,177
5,454,757



SUPPORT COSTS INCLUDE:
TOTAL
2020
TOTAL
2019
HR and support costs
324,203
477,615
Offce & premises costs
231,870
95,316
Communications and IT
148,987
166,229
Finance and Management costs
115,353
171,051
Governance Costs
16,020
21,774
TOTAL
836,433
931,985
HR and support costs 324,203 477,615
Offce & premises costs 231,870 95,316
Communications and IT 148,987 166,229
Finance and Management costs 115,353 171,051
Governance Costs 16,020 21,774
TOTAL
836,433
931,985

Governance costs include costs of AGM and committee expenses and annual audit fees of £8,600 (2019: £6,875).

4
NET INCOME FOR THE YEAR
2020
2019
THIS IS STATED AFTER CHARGING:
£
£
Depreciation
38,253
38,274
Operating lease rental - land and buildings
76,386
39,274
Auditor’s remuneration:
Current year audit fees
8,600
6,875
Current year non - audit fees
325
825
Trustees’ expenses
704
851
Current year audit fees 8,600 6,875
Current year non - audit fees 325 825
Trustees’ expenses 704 851

Trustees’ expenses during the year to 30 September 2020 represented travel and subsistence costs relating to attendance at meetings for four Trustees (2019: five).

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Annual Report and Accounts 2019–20

5

STAFF COSTS AND NUMBERS:
2020
2019
STAFF COSTS WERE AS FOLLOWS:
£
£
Salaries and wages
3,133,199
2,733,648
Social security costs
323,469
283,721
Pension contributions
191,299
154,176
Other staff costs
148,365
113,522
TOTAL
3,796,332
3,285,067
2020
2019
EMPLOYEES EARNING ABOVE £60,000 AS FOLLOWS:
No.
No.
£60,000 - £70,000
2
1
£80,000 - £90,000
1
1
EMPLOYEES EARNING ABOVE £60,000 AS FOLLOWS: No. No.
£60,000 - £70,000 2 1
£80,000 - £90,000 1 1

Employers pension contributions in respect of the 3 (2019: 2) employees were £12,587 (2019: £16,766).

2020
2019
THE AVERAGE WEEKLY NUMBER OF EMPLOYEES
(FULL-TIME EQUIVALENT) DURING THE PERIOD WAS AS FOLLOWS:
No.
No.
Support
9
7
Charitable activities
67
62
Cost of raising funds
3
2
Living Streets Services Limited
4
3
TOTAL
83
74
THE AVERAGE WEEKLY NUMBER OF EMPLOYEES
(FULL-TIME EQUIVALENT) DURING THE PERIOD WAS AS FOLLOWS:		 No. No.
Support 9 7
Charitable activities 67 62
Cost of raising funds 3 2
Living Streets Services Limited 4 3
TOTAL 83 74

6

TAXATION

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. The subsidiary distributes profits to the charity so has no charge to corporation tax.

7 TANGIBLE FIXED ASSETS



OFFICE

OFFICE

OFFICE
THE GROUP AND CHARITY
IT EQUIPMENT
FURNITURE AND
EQUIPMENT
TOTAL
COST
£
£
£
At 1 October 2019
35,125
131,239
166,364
Additions
1,145
1,145
Disposals
(1,134)
(1,134)
At 30 September 2020
35,136
131,239
166,375
DEPRECIATION
At 1 October 2019
17,820
36,517
54,337
Charge for the year
6,679
31,574
38,253
Disposals
(284)
(284)
At 30 September 2020
24,215
68,091
92,306
NET BOOK VALUE
At 30 September 2020
10,921
63,148
74,069
At 30 September 2019
17,305
94,722
112,027
At 30 September 2019 17,305 94,722

The average head count for the year was 92 (2019: 82).

The Key Management Personnel in charge of directing, controlling, running and operating the charity on a day to day basis comprise the Trustees together with the Chief Executive, Senior Director, Director of Local Impact, Director of Finance and Resources, Interim Director of Development, and Director of Policy and Communications. The total remuneration payable to Key Management Personnel during the year was £446,225 (2019 - £474,581).

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Annual Report and Accounts 2019–20

8

2020
2019
THE GROUP AND CHARITY
£
£
Market value at 1 October 2019
177,509
162,503
Unrealised gains
9,636
15,006
Market value at 30 September 2020
187,145
177,509
Historic cost of investments
59,734
59,734
M&G Charifund units
1,204
1,589
COIF Fixed Interest shares
24,574
24,641
COIF Accumulation shares
161,367
151,279
TOTAL
187,145
177,509
INVESTMENTS
The above investment assets are all in the UK.

9 SUBSIDIARY UNDERTAKING

The charitable company owns the whole of the issued ordinary share capital of Living Streets Services Limited, a company registered in England and Wales. The subsidiary is used primarily for non-primary purpose trading activities. All activities have

been consolidated on a line by line basis in the statement of financial activities. Available profits are distributed to the charitable company. A summary of the results of the subsidiary is shown below:

2020
2019
£
£
Turnover
927,643
1,168,101
Cost of sales
(665,181)
(716,012)
Gross proft
262,462
452,089
Administrative expenses
(30,838)
(50,546)
Operating proft
231,624
401,543
Retained earnings at the beginning of the year
401,543
357,814
Distribution
(401,543)
(357,814)
RETAINED PROFIT FOR THE FINANCIAL YEAR
231,624
401,543
2020
THE AGGREGATE OF THE ASSETS, LIABILITIES AND FUNDS WAS:
2019
£
£
Assets
346,695
502,757
Liabilities
(115,070)
(101,213)
FUNDS
231,625
401,544
£ £
Assets 346,695 502,757
Liabilities (115,070) (101,213)
FUNDS 231,625 401,544

The turnover and expenditure shown above includes of all of the subsidiary’s trading activities. The turnover and expenditure shown within the consolidated statement of financial activities and notes to the accounts show the subsidiary’s results excluding the results of intercompany sales.

Company Registration number: 07471406

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10 THE GROUP
THE CHARITY
DEBTORS
2020
2019
2020
2019
£
£
£
£
Trade debtors
170,519
169,397
108,760
63,072
Prepayments and other debtors
47,307
50,437
46,407
47,935
Rent deposit
39,869
39,870
39,869
39,869
Accrued income
137,981
80,457
137,981
80,457
TOTAL
395,676
340,161
333,017
231,333
11
THE GROUP
THE CHARITY
CREDITORS:
AMOUNTS DUE WITHIN ONE YEAR
2020
2019
2020
2019
£
£
£
£
Trade creditors
190,427
104,751
145,721
79,492
Taxation and social security
133,043
127,787
133,029
117,476
Accruals
163,843
43,415
153,539
39,720
Amount due to subsidiary
undertaking
-
-
145,156
36,842
Deferred income
155,645
114,703
95,600
52,573
TOTAL
642,958
390,656
673,045
326,103
DEFERRED INCOME
THE GROUP
THE CHARITY
£
£
Opening deferred income
114,703
52,573
Deferred income released from previous years
(114,703)
(52,573)
Income deferred in the year
155,645
95,600
CLOSING DEFERRED INCOME
155,645
95,600
£ £
Opening deferred income 114,703 52,573
Deferred income released from previous years (114,703) (52,573)
Income deferred in the year 155,645 95,600
CLOSING DEFERRED INCOME 155,645 95,600
12 THE GROUP
THE CHARITY		 THE GROUP
THE CHARITY		 THE GROUP
THE CHARITY		 THE GROUP
THE CHARITY		 THE GROUP
THE CHARITY
PROVISIONS
2020
2019
2020
2019
£
£
£
£
Balance as at 1 October 2019
49,020
59,520
49,020
59,520
Released during year
(20,000)
-
(20,000)
Provided for during year
6,000
9,500
6,000
9,500
BALANCE CARRIED FORWARD
AS AT 30 SEPTEMBER 2020
55,020
49,020
55,020
49,020
£ £ £ £
Balance as at 1 October 2019 49,020 59,520 49,020 59,520
Released during year (20,000) - (20,000)
Provided for during year 6,000 9,500 6,000 9,500
BALANCE CARRIED FORWARD
AS AT 30 SEPTEMBER 2020		 55,020 49,020 55,020 49,020

It is the charity’s policy to provide for dilapidations for the London office, and the value of this provision is based on an estimate of the management team and trustees. This commitment is to be met in the final year of the property lease (in Mar 2023 for 2 America Square).

13


ANALYSIS OF NET
ASSETS BETWEEN
FUNDS
RESTRICTED
FUNDS
DESIGNATED
FUNDS
GENERAL
FUNDS
2020
TOTAL
FUNDS
2019
TOTAL
FUNDS
£
£
£
£
£
Tangible fxed assets
-
-
74,069
74,069
112,027
Fixed asset
investments
-
127,412
59,733
187,145
177,509
Current assets
2,126,721
890,426
981,676
3,998,823
2,582,673
Liabilities
-
-
(697,978)
(697,978)
(439,676)
NET ASSETS AT THE
END OF THE YEAR
2,126,721
1,017,838
417,500
3,562,059
2,432,533

Deferred income relates to income received in advance for projects that are to be carried out in future periods.

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14




























AT THE
INCOME
EXPENDITURE GAINS ON
TRANSFERS
AT THE
MOVEMENTS
IN FUNDS
START OF
THE PERIOD
INVESTMENTS
BETWEEN
FUNDS
END OF
THE PERIOD
RESTRICTED FUNDS:
£
£
£
£
£
£
Scottish Government
Scotland WalkingNation
35,722
229,492
(243,929)
-
-
21,285
Housing Association
WalkingProject
16,915
-
(16,915)
-
-
-
Big Lottery Fund Walking
Connects(Scotland)
109,391
110,634
(139,866)
-
-
80,159
Out and About, Smarter
Choices Smarter Places
-
92,999
(38,024)
-
-
54,975
Paths For All Walking
Workplaces for Wellbeing
(3,491)
11,751
(8,260)
-
-
-
Walk To
(Access Fund 17-20)
119,532
1,236,167
(1,355,699)
-
-
-
Walk To
(Access Fund 20-21)
-
1,237,500
(974,746)
-
-
262,754
Walking Back To School
-
1,000,000
(34,670)
-
-
965,330
Walk To School Outreach
19-20
661,560
-
(661,560)
-
-
-
Travel Tracker 19-20
48,774
-
(24,477)
-
-
22,297
Walk To School Outreach
20-21
-
1,000,000
(383,103)
616,897
City Bridge Trust
-
33,420
(29,962)
-
-
3,458
Local Cycling and
Walking Infrastructure
Plans(LCWIPs)
31,051
23,000
(30,358)
-
-
23,693
Walking Friends Wales
(1,909)
180,774
(115,253)
-
-
63,612
Cardiff Streets for Health
-
25,000
(12,738)
12,262
TOTAL
RESTRICTED FUNDS
1,017,545
5,180,737
(4,071,561)
-
-
2,126,721
RESTRICTED FUNDS: £ £ £ £ £ £
Scottish Government
Scotland WalkingNation		 35,722 229,492 (243,929) - - 21,285
Housing Association
WalkingProject		 16,915 - (16,915) - - -
Big Lottery Fund Walking
Connects(Scotland)		 109,391 110,634 (139,866) - - 80,159
Out and About, Smarter
Choices Smarter Places		 - 92,999 (38,024) - - 54,975
Paths For All Walking
Workplaces for Wellbeing		 (3,491) 11,751 (8,260) - - -
Walk To
(Access Fund 17-20)		 119,532 1,236,167 (1,355,699) - - -
Walk To
(Access Fund 20-21)		 - 1,237,500 (974,746) - - 262,754
Walking Back To School - 1,000,000 (34,670) - - 965,330
Walk To School Outreach
19-20		 661,560 - (661,560) - - -
Travel Tracker 19-20 48,774 - (24,477) - - 22,297
Walk To School Outreach
20-21		 - 1,000,000 (383,103) 616,897
City Bridge Trust - 33,420 (29,962) - - 3,458
Local Cycling and
Walking Infrastructure
Plans(LCWIPs)		 31,051 23,000 (30,358) - - 23,693
Walking Friends Wales (1,909) 180,774 (115,253) - - 63,612
Cardiff Streets for Health - 25,000 (12,738) 12,262
TOTAL
RESTRICTED FUNDS		 1,017,545 5,180,737 (4,071,561) - - 2,126,721

UNRESTRICTED FUNDS:

Designated funds:

Development fund 275,846 (139,793) - - 136,053
Hardship fund - 4,373 - - - 4,373
Legacy Fund - 100,000 - - - 100,000
Stabilisation Fund 100,000 - - - - 100,000
Revaluation reserve 117,776 - - 9,636 - 127,412
Reserve Fund 350,000 200,000 - - - 550,000
Total designated funds 843,622 304,373 (139,793) 9,636 - 1,017,838
General reserve 571,366 1,009,957 (1,163,823) - - 417,500
TOTAL
UNRESTRICTED FUNDS		 1,414,988 1,314,330 (1,303,616) 9,636 - 1,435,338
TOTAL FUNDS 2,432,533 6,495,067 (5,375,177) 9,636 - 3,562,059

PURPOSES OF RESTRICTED FUNDS

These are funds provided to undertake specific projects of work. Funds in deficit at the year end will receive income in the following financial year. In the year to 30 September 2020 restricted funds included the following:

Scottish Government Scotland Walking Nation

Grant from Transport Scotland to promote and raise the profile of walking, the walking environment and the Scottish Government’s role, and deliver interventions to increase walking in schools and communities.

Housing Association Walking Project

Funding from Cycling Scotland through the Social Housing Partnership Fund for Improved Cycling & Walking Facilities to develop a methodology for and deliver audits in partnership with Housing Associations to identify potential improvements to the walking environment.

Big Lottery Fund Walking

Connects (Scotland)

A development grant from the Big Lottery’s Accelerating Ideas fund to explore options and to improve older peoples’ wellbeing through walking, by engaging them in process of improving their walking environment, breaking down perceptions around ability to walk and enabling them to walk more.

Out and About

Funded by Smarter Choices Smarter Places Open Fund (Paths For All) with match funding from The National Lottery to work in partnership with older people to increase wellbeing through walking and promoting sustainable travel for everyday journeys.

Paths For All Walking Workplaces

for Wellbeing

Funding from the Paths For All Smarter Choices, Smarter Places Open Fund to

engage 2,900 employees of Standard Life Assurance Limited in Edinburgh in awareness raising and behaviour change activities to promote walking.

Walk To (Access Fund 17-20)

A joint venture with a consortium of 10 local authorities, led by Blackpool Council and funded by the Department for Transport’s Access Fund, to deliver a programme of work with schools, post primary institutions and workplaces to increase walking in to 10 Local Authorities across England.

Walk To (Access Fund 20-21)

Continuation funding received from Department for Transport to deliver an additional year of our Walk To project on behalf of a consortium of 10 local authorities led by Blackpool Council delivering a programme of work with primary schools, post primary institutions and workplaces.

Walking Back to School

Funding received from Department for Transport to expand the existing Walk To School Outreach project within existing and new partner authorities with an additional 250 primary schools, and support additional back to school comms and activities following the summer term lockdown.

Travel Tracker 19-20

Funding from Department for Transport for the development of a white-label Travel Tracker monitoring tool.

Walk To School Outreach 19-20

Funding received from Department for

Transport to continue and extend the delivery of Walk to School outreach activities with 405 primary schools in six partner local and combined transport authorities.

Walk To School Outreach 20-21

Funding received from Department for Transport to continue and extend the delivery of Walk to School outreach activities with 485 primary schools in six partner local and combined transport authorities.

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City Bridge Trust

A grant to address barriers to walking for older people in Redbridge, Havering, Barking & Dagenham.

Local Cycling and Walking Infrastructure

Plans (LCWIPs)

Funding from Sustrans as lead for a consortium funded by the Department for Transport to provide specialist support to local authorities on embedding Local Cycling and Walking Infrastructure Plans (LCWIPs) within local strategies and delivery plans.

Walking Friends Wales

Funding from the Sport Wales Healthy and Active Fund to enable older people aged 50+ to increase activity through walking and taking part in led group walks.

Cardiff Streets for Health

Funding from Cardiff City Council to work in five neighbourhoods in Cardiff engaging local communities in re-imagining their streets.

PURPOSES OF DESIGNATED FUNDS

These are the funds that the Trustees have set aside for a specific purpose.

Stabilsation fund

Denotes amount set aside to facilitate a smooth transition from the end of the current funding cycle to the next.

Development fund

Represents funds set aside to spend on designated projects in the period to end September 2020 only, comprising a comprehensive upgrade of IT systems, new CRM, income diversification study, enhanced membership and supporter assistance and development of Living Streets work in Wales.

Hardship fund

Fund set aside to support staff wellbeing during the Covid 19 pandemic.

Legacy fund

Received from the estate of a committee member which is set aside for training and development of our future pool of young diverse talents in the organisation.

Revaluation reserve

15

16

OPERATING LEASE COMMITMENTS

At 30 September the charity had the following total minimum lease payments under non-cancellable operating leases:

LAND AND BUILDINGS
OPERATING LEASES WHICH EXPIRE:
2020
2019
£
£
Within one year
113,800
76,386
After one but within two years
113,800
113,800
After two years
50,508
164,308
TOTAL
278,108
354,494
The current offce lease for the London offce will expire on 11th March 2023.

RELATED PARTY TRANSACTIONS

Living Streets Services Ltd is a wholly owned subsidiary of Living Streets. The subsidiary sold goods worth £681,522 (2019: £849,902) to the charity on normal commercial terms and reported a profit of £238,723 on all its activities in the year to 30 September 2020 (2019: £401,543). An amount of £145,156 (2019: £36,842) was owed to the subsidiary at year end.

Represents the unrealised gain included within investments.

Reserve fund

Denotes the amount prudently set aside to enable an orderly winding up of the charity’s affairs in the unlikely event this should be required.

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57

Annual Accounts and Trustees Report 2019–20

17

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2019 (incorporating an income and expenditure account)

INCOME FROM:
RESTRICTED
UNRESTRICTED
2019
£
£
£
Legacies
-
500
500
Donations
-
34,715
34,715
Charitable activities
4,316,675
956,960
5,273,635
Activities for raising funds
-
318,199
318,199
Investment income
-
7,732
7,732
TOTAL INCOME
4,316,675
1,318,106
5,634,781
EXPENDITURE
RAISING FUNDS:
Costs of raising income
-
236,684
236,684
Costs of raising trading income
-
245,593
245,593
Charitable activities
3,978,788
993,692
4,972,480
TOTAL EXPENDITURE
3,978,788
1,475,969
5,454,757
Net gains/(losses) on investment - 15,006 15,006
NET MOVEMENT IN FUNDS 337,887 (142,857) 195,030
TOTAL FUNDS BROUGHT FORWARD 679,658 1,557,845 2,237,503
TOTAL FUNDS CARRIED FORWARD 1,017,545 1,414,988 2,432,533

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Annual Report and Accounts 2019–20
59
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58

LIVINGSTREETS.ORG.UK INFO@LIVINGSTREETS.ORG.UK CALL: 020 7377 4900

Living Streets (The Pedestrians’ Association) is a Registered Charity No. 1108448 (England and Wales) and SC039808 (Scotland), Company Limited by Guarantee (England & Wales), Company Registration No. 5368409. Registered office America House, 2 America Square, London, EC3N 2LU.

60