LIVING ,11 STREETS ANNUAL REPORT & ACCOUNTS 2023-24 Annual Report and Accounts 2023 - 24 ## CONTENTS |CONTENTS|| |---|---| |Welcome from the Chair|3| |Our Impact 2023-24|4| |Who we are|5| |Speak up|6-8| |Step up|9-15| |Stay strong|16-18| |Our funders|19| |Financial review|20-25| |Structure, governance and management|26-28| |Statement of responsibilities of the Trustees|29-30| |Financial Statements|31-65| WHEN WE USE ‘WALK/ING’ IN THIS REPORT, WE INCLUDE PEOPLE USING MOBILITY AIDS, SUCH AS WHEELCHAIRS. WE ALSO USE THE TERM ‘WHEELING’. — 2 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## WELCOME FROM THE CHAIR co Welcome to Living Streets. I am pleased to introduce the Annual Report and Accounts, covering the period April 2023 to March 2024. While it was a time of significant change and challenge, there was considerable progress too. This year, Scotland was the first UK nation to introduce a ban on pavement parking and Wales became the first nation to make 20mph the default speed limit for residential streets, both measures strongly campaigned for by Living Streets, our supporters, members and Local Groups. Despite contention in Wales, these landmark changes have demonstrated already how they make our streets safer, healthier and more welcoming for all with a 23% drop in the number of serious casualties or fatalities within the first three months of 2024. Neither of these achievements came without challenge. So, at our UK Walking Summit in Sheffield, we brought together national and regional decision-makers to discuss how we work with those who are initially opposed to change and demonstrate the value of walking and wheeling. The Summit highlighted the importance of working together and with communities, of learning from each other and sharing stories of what has worked to win both hearts and minds. Robust evidence is crucial – and evidence is what we have. For example, at the end of our Walking Friends Wales project with people aged 50 and over, 94% of participants said they had an improved sense of physical wellbeing, 81% felt more socially connected and 87% had walked more. In Gateshead, our social prescribing pilot saw active travel rates in participating schools increase from 53% to 72%. And we have had national recognition for our work. Our project in Leicester to reduce congestion at school gates across the city won a Modeshift Award, while our pilot project in the North East and Yorkshire assessing local school streets to improve them for walking and wheeling won a National Highways Industry Award. Change has continued since the end of this reporting period, both UK-wide with a new Government and at Living Streets as we bade farewell to our former Chief Executive, Stephen Edwards. I would like to thank Stephen for his contribution throughout his time with us and to offer my gratitude to Stephen Jefford, who stepped in as Interim CEO before our new Chief Executive, Catherine Woodhead started in post. Catherine joins us as we embrace the opportunities that change brings. I look forward to working with her, my fellow Trustees, our dedicated staff team, partners, volunteers and supporters to develop and deliver our new strategy in the run-up to our centenary in 2029. DAME JANE ROBERTS Chair of Living Streets 3 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## OUR IMPACT 2023-24 Scotland rolled out a ban on pavementparking! - Over 29m trips logged on the WOW Travel Tracker and over 540k pupils logging their journeys to school 54k supporters including our first Rainbow 3.4k 65 Walks members Local Groups Group 94% 65% of Walking Friends Wales increase in minutes participants reported an walked by older people improved sense of on our Walking physical wellbeing Connects programme Our Walk to School Outreach project saw: 1.8m car km removed from the road 21% more all the way walking/wheeling journeys **----- Start of picture text -----**
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Wales adopted a 20mph default 20 speed limit in residential areas! 4 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## WHO WE ARE ~~a~~ WE ARE LIVING STREETS, THE UK CHARITY FOR EVERYDAY WALKING OUR VISION OUR MISSION om Om **A nation where walking is Achieve a better walking the natural choice for environment and inspire local, everyday journeys. people to walk more.** ## WALK WITH US a **Walk With Us is our five-year strategy. Walking is at its heart and we want to see three key outcomes:** ## PEOPLE CHOOSE WALKING **Walking is at the top of the travel hierarchy for shorter journeys to improve our health and our environment** ## BETTER STREETS FOR WALKING **Developing design standards for pedestrians** ## ALL WALKS OF LIFE **We want walking to be for everyone, striving for equality and inclusion for our streets, in every UK neighbourhood, city and nation.** TO ACHIEVE THESE OUTCOMES, WE HAVE THREE STRATEGIC OBJECTIVES TO... > 1 SPEAK UP > 2 STEP UP > 3 STAY STRONG LIVINGSTREETS.ORG.UK 5 Annual Report and Accounts 2023 - 24 > 1 SPEAK UP ## WE WILL BE MORE VOCAL AND AMBITIOUS ON: WHAT WE WANT TO ACHIEVE: - **Calling for increased public investment in walking Putting walking at the top of the travel hierarchy The evidence that walking is good for our wellbeing, our high streets and the planet The need to reduce car journeys Improving air quality and road safety Ensuring our places and streets are designed for all and actively tackle inequalities Valuing voices of those least represented in decisions about our streets.** - **Secure more investment in walking, and more people walking to school and work Ensure Highway Code revisions put people first and secure a ban on pavement parking in England Grow public and political profile to ensure election candidates support and implement Living Streets’ walking manifesto Amplify underrepresented voices on the benefits of walking to create safer streets.** ## SECURE MORE INVESTMENT IN WALKING, AND MORE PEOPLE WALKING TO SCHOOL AND WORK - Responded to UK Government consultations on the importance of investment in active travel, such as Transport Select Committee’s Future of Transport inquiry response and Road Investment Strategy call for evidence, consultations on draft national networks national policy statement and Major Conditions Strategy and Public Accounts Committee inquiry into active travel. - Appointed Transport for Quality of Life to update our Pedestrian Pound report about the economic benefits of walking, due to be published in autumn 2024. The evidence base for this third edition has been widened to include social and environmental benefits. 6 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 1 ## SPEAK UP ## ENSURE HIGHWAY CODE REVISIONS PUT PEOPLE FIRST AND SECURE A BAN ON PAVEMENT PARKING IN ENGLAND - Marked three years since the pavement parking in England consultation closed by ~~a~~ delivering an ‘anniversary card’ to Downing Street signed by over 5,000 supporters calling for a response. - Gave evidence to the APPG for Cycling and Walking on pavement parking. - Joined Guide Dogs, British Parking Association, Local Government Association and Sustrans to send an open letter to party leaders urging them to take action to tackle pavement parking. We provided a briefing for Labour’s then-Shadow Transport Secretary, Louise Haigh MP and raised the lack of action with thenParliamentary Under Secretary for Transport, Anthony Browne MP. ## GROW PUBLIC AND POLITICAL PROFILE TO ENSURE ELECTION CANDIDATES SUPPORT LIVING STREETS’ WALKING MANIFESTO AND IMPLEMENT IT - Launched our election year campaign, calling on candidates to set a target of 60% of primary school children walking to school by 2029. - Geared up for the UK General Election - meeting with politicians core to UK transport strategy and encouraging them to make walking a focus of transport decarbonisation. - Continued to build our relationship with the APPG for Cycling and Walking, featuring in their annual Active Travel Showcase and helping to organise a walking-focussed session. - Strengthened our relationship with allied organisations: collaborating with SERA Cycling UK to host an event at Labour Party Conference and contributing to alliances on healthy air, sustainable transport and a low traffic future. - Held led walks with MPs at the Labour and Conservative party conferences in autumn 2023 and joined a sustainable transport panel at the Labour Party Conference. - Supported over 600 people to contact their local councillors about street clutter. - During Living Streets’ National Walking Month in May 2023, we went to ~~—<—<~~ Scottish Parliament, joined Vaughan Gething MS on the school run in Cardiff, celebrated Walk to School Week with MPs Liz Kendall and Ian Levy, and were joined by MPs and peers on a guided walk from Footways outside the ~~a~~ Houses of Parliament. We received 400 pieces of media coverage and gained social media followers, racking up 21,500 views of our Dr Ronx video on Twitter/X alone. 7 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 > 1 SPEAK UP ## AMPLIFY UNDERREPRESENTED VOICES ON THE BENEFITS OF WALKING TO CREATE SAFER STREETS Co-hosted the Chartered Institution for Highways and Transportation’s (CIHT) Walking and Wheeling expert roundtable and facilitated the drafting of CIHT’s policy paper on walking and wheeling. Worked with our Local Group network and community-led groups to support them to take action, focussing on creative ways to engage with marginalised communities, including linking our Local Groups with decision makers. ## Our UK Walking Summit took to Sheffield! Our UK Walking Summit brought together national and regional decision-makers to discuss how we overcome opposition and demonstrate the value of active travel projects. The event was hosted by Sheffield City Council and South Yorkshire Combined Authority, with 200 in-person delegates joined by Mayor Oliver Coppard and Active Travel Commissioner, Ed Clancy OBE. ## WE SPOKE, THEY LISTENED... Scotland said NO to pavement parking! Scotland became the first UK nation to roll out a pavement parking ban in December 2023, following our campaigning. We continue to call on local authorities to ensure exemptions remain at a minimum and that they have sufficient plans for enforcement. We have also called for a public engagement plan to promote the new law and urged other UK nations to follow in Scotland’s footsteps and put an end to pavement parking. ## 20 Wales said YES to 20mph! 20mph became the default speed limit on residential roads in Wales in September 2023. We were involved in the Welsh Government 20mph taskforce group and together with partners and supporters advocated for this change, advising and giving evidence to Welsh Government on why it was necessary. A public backlash followed the change, despite early evidence showing speeds reduced by an average of 4mph on main roads. We continue to make the case for slower speeds to ensure 20mph remains the norm for residential streets. 8 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 2 ## STEP UP ## WE WILL SCALE UP FOR WALKING BY: ## WHAT WE WANT TO ACHIEVE: - **Increasing our projects and replicating our products at scale Growing our community of supporters, listening and responding to local concerns and supporting policy calls Increasing and diversifying our funding streams Equipping our staff with the tools for the job Continuing to review and improve our products, services and project offerings ensuring they are relevant to our audiences and wider environmental concerns.** - **Ensure Living Streets Services operations support scaling up, both across the supply chain and through effective systems** - **Grow our local group and supporter networks and income, ensuring a more representative membership of the communities we serve** - **Ensure a scalable approach to project models, growing our Walk to School and Streets work.** ## ENSURE LIVING STREETS SERVICES’ OPERATIONS SUPPORT SCALING UP, BOTH ACROSS THE SUPPLY CHAIN AND THROUGH EFFECTIVE SYSTEMS - We aim for operational excellence within the trading subsidiary so that we can maximise the amount of profit gift-aided to the charity. An integral part of this was implementing an upgraded order management system (OMS), which will be completed in 2024/25. 1 9 Annual Report and Accounts 2023 - 24 ## 2 ## STEP UP ## GROW OUR LOCAL GROUP AND SUPPORTER NETWORKS AND INCOME, ENSURING A MORE REPRESENTATIVE MEMBERSHIP OF THE COMMUNITIES WE SERVE - Engaged our 54,000 supporters with safer crossings and pavement parking campaigns, while our winter appeal raised vital funds for our All Walks of Life community work. We continue to work closely with our 3,400 members who are vital to our success. - Undertook work with marginalised groups that have rich connections with their communities and aim to empower, educate and inspire the people they represent to take action on street issues. Each group has their own unique way of engaging with their communities and this provides a tapestry of information that we can learn from, support with our expertise and use to inform our campaigns. ## SOME WAYS WE’RE BRINGING UNDERREPRESENTED VOICES INTO THE PLANNING, ENGAGEMENT AND DELIVERY OF OUR WORK: With thanks to our funders, European Climate Foundation, we partnered with Muslimah Sports Association to run a series of photography walks that helped identify improvements to increase women’s safety, confidence and independence. These are now being developed into Manifestos for Change, which will go to the respective councils with recommendations. Demonstrated the importance of community engagement with one of our UK Walking Summit walkshops being led by Sheffield Environment Movement, a group working to empower communities to advocate for change based on their lived experience of the impact of poor air quality. Worked alongside the Clean Cities Campaign across Europe to demonstrate the importance of calling for clean air policies and advocating for child-friendly streets. Photo credit: Sylvie Belbouab Held events at the University of Exeter to gather students’ views on walking and amplify their calls for better safety, lighting and inclusive design of walking routes linking the campus to the town centre. Created a Rainbow Walk programme for members of the LGBTQ+ community to benefit from walking, share issues around the walking environment and celebrate the hidden histories within their neighbourhoods. 10 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## 2 ## STEP UP ## ENSURE A SCALABLE APPROACH TO PROJECT MODELS, GROWING OUR WALK TO SCHOOL AND STREETS WORK ## SCOTLAND ## Schools programme (Transport Scotland) Our schools work in Scotland saw record levels of pupil engagement with 30,000 daily journeys recorded on our WOW Travel Tracker during March 2024 and new programmes to support early years being well received. Engagement with WOW – our walk to school challenge continued to increase and surpassed previous spring term levels, with some schools registering via local authority Smarter Choices, Smarter Places. Our work with secondary schools continued and included a joint report with two schools highlighting issues with street lighting, access and road crossings, which have been raised with the local authority for improvement. An updated evaluation of our schools programme includes independent economic analysis by DHC Consulting showing the monetisable benefits of the programme in Scotland are in excess of £3.5m. ## Streets and communities (Transport Scotland) Our community-based engagement work supports local authorities to prioritise walking in all aspects of placemaking, including road safety, planning, regeneration and housing development. The Big Footway Conversation, including ‘Pedestrian Thinking’ and the ‘Out and About’ community model, piloted this year. Other major projects funded by Smarter Choices, Smarter Places across eight local authority areas; Edinburgh, Renfrewshire, East Ayrshire, South Lanarkshire, Highland, Moray, Aberdeenshire and Clackmannanshire will end in July 2024. Our New Communities, New Travel Choices project confirmed that people need good infrastructure, attractive routes and desirable destinations to walk more. Many of the new developments had good pavements, but they were described as unattractive, often with “nowhere worth walking to”. This work, along with the Glasgow City Centre accessibility audits, built on our understanding of the importance of a whole systems approach to making places walkable and wheelable if we want to see behaviour change. As part of our Big Footway Conversation, we engaged with school children in Helensburgh and the community in Craigmillar, Edinburgh to discuss active travel and 20-minute neighbourhoods. **----- Start of picture text -----**
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Our Walking Places project worked in schools and communities within two local authority areas to better understand what would enable people to walk locally. This project will continue for a second year implementing the Community Action Plans and will support communities and partner organisations to suggest improvements to walking infrastructure. 11 LIVINGSTREETS.ORG.UK12 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 2 ## STEP UP ## WALES ## Walking Friends Wales Walking Friends Wales (Cyfeillion Cerdded Cymru) was a fouryear project, funded by the Healthy & Active Fund, a partnership between Welsh Government, Sport Wales and Public Health Wales. It helped people aged 50 and over to build up the confidence and strength to walk more, make new connections and voice the need for changes to their local walking environment. 278 people engaged in the project through led walks or our remote engagement programme; we worked with 96 volunteer/community walk leaders across Cardiff, Newport, Torfaen, Caerphilly and Merthyr Tydfil; delivered 38 training sessions; and completed eight Community Street Audits to identify improvements that would make it easier for people to walk and wheel more. At the end of the project, responding participants reported: Read how the project helped Hywel’s Photo credit: Natasha diabetes Burnell, Play It Again Sport **----- Start of picture text -----**
94% 87% 81%
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Our Walk to School Wales (Cerdded i ’r Ysgol) project started this year. The two-year project, funded by the Welsh Government, is seeing us work with 170 primary schools and 42 secondary schools across all Welsh local authorities to support more pupils to walk to school. By the end of March 2024, we had 160 primary schools actively engaged and over a million journeys had been logged on our WOW Travel Tracker by 32,000 pupils. We were also on target for secondary schools, with over 2,000 pupils at 13 secondary schools having completed a Next Steps Walking Challenge. LIVINGSTREETS.ORG.UK 12 Annual Report and Accounts 2023 - 24 ## Gateshead ## 2 STEP UP Our active travel social prescribing pilot includes delivering Community Street Audits and supporting schools to take part in WOW. By the end of this reporting period, active travel rates in the participating schools were up from 53% to 72%. ## ENGLAND ## Blackpool ## Tees Valley Engaged 19 primary schools, including three SEND schools, with WOW; three secondary schools with Next Steps; and five businesses with Walking Works. Worked with Tees Valley Combined Authority to engage 12 primary schools in WOW. Active travel rates increased from 59% to 85%, with car journeys to the school gates down to from 39% to 13%. West Yorkshire Over 3,000 children took part in Little Feet - our range of walking activities for children aged 2-5 years old. Three School Route Audits were also delivered to identify improvements to make it easier for families to travel actively. London and the South East Worked with Arup in Brent and Kilburn to review traffic data and survey results, including workshops to create outcomes that support Healthy Streets, a central principle of the Mayor’s Transport Strategy. Worked with the City of London to engage the public around the City’s Thames to Eternity installation, collecting feedback from over 650 people. The scheme won a design award and provided an exciting way to repurpose old building materials in central London. Engaged with neighbourhoods in Lambeth around parklet design. Created walking maps for staff and patients at Royal Marsden Hospital. The commission is linked to Physical Activity Strategy and Sustainability Strategy with the key focuses being respite from treatment, active travel and better routes to key sites. ## Leicester Worked with Leicester City Council to set up 12 Park and Stride sites, serving 14 primary schools, two secondary schools and one SEND school. 43% of respondents to a citywide survey at the end of the school year had made use of them. This initiative to tackle congestion was recognised at the Modeshift Awards. Essex Built relationships with residents and businesses in the Hawthorn Avenue area through events and communications. Kent Engaged with schools in Supported Kent County the area on the Greener, Council to engage ten Safer, Healthier schools with WOW. By questionnaire; delivered November 2023, there was active travel workshops, an 18% decrease in car School Route Audits and journeys at participating mapping workshops. schools. As a result, we have The maps are a useful been asked to extend our resource to encourage work to 20 more schools. visitors to travel actively. 13 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 > 2 STEP UP ## Walk to School Outreach Funded through an annual grant of £2m from DfT/Active Travel England, the Walk to School Outreach programme worked in partnership with six combined transport authority partners and individual authorities to increase walk to school rates amongst pupils and their families. Schools were signed up to take part in WOW – our walk to school challenge – and supported to deliver WOW alongside more intensive support to tackle barriers to walking to school. 1,121 21% more all the way walking schools took part, with and wheeling journeys in 15.6m journeys logged new schools ## 1.8 million car km removed from the roads Read the end of year report ## Walking Connects (England) Walking Connects, funded by the Department for Transport’s Tackling Loneliness with Transport Fund, connected and inspired people aged 50 and over to walk and wheel more. The project engaged communities in Bolton, Lancashire, Stoke-on-Trent and Wigan where there were higher levels of loneliness and deprivation and lower walking rates. Watch our Walking Connects short ~~——S~~ film We delivered 109 led walks to 350 beneficiaries and trained 55 walk leaders. At the end of the project, there was a positive wellbeing change from below the national average baseline to above the national average. Read the complete end of project report here. ~~SS SS~~ 8% decrease in loneliness 65% increase in total minutes walked Sometimes, I can stay at home for days by myself. But once I am walking with the group, I can immediately feel the benefit. I feel happier. -Walk participant, Lancashire 14 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 > 2 STEP UP ## TECHNICAL - Our pilot project with ~~ee~~ National Highways saw us working with North East and Yorkshire schools situated within 500m of the Strategic Road Network to identify barriers to walking. Following our audits, we provided recommendations to National Highways regional teams on potential improvements that could make it easier for pupils to walk to school. The pilot project won the National Highways Industry Award for 'Making a difference to our customers' and helped us secure additional work with 30 schools in the Midlands and the North West, along with two hospitals in Surrey and Salford looking at site conditions. - Supported Cycling Scotland’s social housing fund to help identify how social landlords can improve local streets; worked with Midlothian Council to review new developments and provide planning guidance; and worked with Civic Engineers and Urban Movement in Helensburgh, Argyll and Bute on new active travel routes for schools. - In the West Midlands Combined Authority, we delivered Community Street Audits across 21 areas as part of their Capability and Ambition Fund. - Our research into inclusive design at bus stops and continuous footways was published. The project was funded by the Scottish Road Research Board, Transport Scotland, and the Department for Transport and looked into whether continuous footways and ‘bus stop bypasses’ lead to people being excluded from streets and bus services, and what would make them more inclusive. Focus groups and site visits were organised at sites across the UK and a pan-disability approach taken to ensure participants had a range of impairments, ages, and other demographic characteristics. In submitting the findings to a wider audience, we hope this is the beginning of a much bigger conversation about what changes are needed to make streets more inclusive. Read the Inclusive Design Photo credit: Heard in London reports 15 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 > 3 STAY STRONG ## WE WILL BE A SUSTAINABLE ORGANISATION THROUGH: - **Being a well-governed charity Ensuring we have sustainable funding Monitoring and evaluating the way we work for continuous improvement** - **Supporting and investing in our staff and volunteers Investing in our operations Increasing the diversity of our staff, volunteers and beneficiaries** ## WE WILL ACHIEVE THIS BY: - **Securing continued funding Strengthening our digital infrastructure** - **Continuing to observe best practice, due diligence and strong governance across the charity** - **Implementing an equity and diversity strategy in relation to our staff, our Trustees and our beneficiaries.** - **Measuring and managing our carbon, waste and water footprint.** ## SECURING CONTINUED FUNDING ## MAIN INCOME SOURCE Funding to deliver the Walk to School Outreach scheme in England, the Walking Nation programme in Scotland, and Cerdded I’r Ysgol Cymru (Walk To School Wales) in Wales – funded by Active Travel England, Transport Scotland and Welsh Government respectively – continued to be our main income source (£2,914,746 in total). A further £3m secured from Active Travel England and £385,000 from Welsh Government for the period to March 2025 means we can continue our work to increase the number of pupils regularly walking to school. 16 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 > 3 STAY STRONG ## OTHER STATUTORY GRANTS AND CONTRACTS Our partnerships with local and combined authorities and broader statutory funding enabled us to deliver a wide range of programmes with schools and communities. We received £1,005,868 from this income stream. We delivered Capability and Ambition Fund and Social Prescribing projects in England and Smarter Choices Smarter Places programmes in Scotland, amongst others. Grants and contracts included National Highways, Cycling Scotland, West Yorkshire Combined Authority and Gateshead Council. ## TRUSTS, FOUNDATIONS AND LOTTERY We received £198,961 from charitable trusts and foundations, including support to develop a new version of the Pedestrian Pound report from the Foundation for Integrated Transport, Paths for All and Rees Jeffreys Road Fund. ## CORPORATES Ca Our UK Walking Summit in Sheffield was fullyfunded through private and public sector partnerships. Contributions from South Yorkshire Mayoral Combined Authority and Sheffield City Council were matched by corporate support from key partner Tracsis, along with Arup and Modeshift. ## INDIVIDUAL GIVING We continue to be supported by our members network, alongside donations from hundreds of our supporters. We took part in the Big Give Christmas Appeal for the first time and received over 100 donations towards our All Walks of Life Impact Hub. ## LEAVING A LEGACY Gifts left in Wills can make a significant contribution to our work, often left by friends of the charity as a legacy to their commitment to our charitable activities. We were grateful to receive significant gifts, including from the estates of the late Stuart Nicol and Cecile Miller. Get in touch to find out more about leaving a legacy ~~—~~ 17 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 > 3 STAY STRONG ## LIVING STREETS SERVICES Our trading subsidiary, Living Streets Services Ltd, continues to generate unrestricted profit gift-aided to the charity. The company achieved revenue of £1.4m and £468k profit during this period. Alongside consolidating established products such as WOW and Walk to School Week, the commercial team has launched refreshed Little Feet (for early years) and Next Steps (for secondary schools) products. New launches included a special Little Feet pack in collaboration with Elmer the Patchwork Elephant publisher, Andersen Press. Our new Walking Works offer was also introduced this year – and we were delighted that both Walk Champion and Walk Leader training gained CPD-certified accreditation. **----- Start of picture text -----**
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## IMPLEMENTING EQUITY AND DIVERSITY We continued our journey towards becoming a truly inclusive organisations, both internally and in our delivery. Following our Big Give appeal in November 2023, we put plans in place to develop an online resource showcasing engagement with groups who are often marginalised and highlighting research on how vulnerable pedestrians are affected by poor streets. The All Walks of Life hub will demonstrate how the involvement of marginalised groups in neighbourhood planning leads to better streets for all. Thanks to European Climate Foundation support, we continue to work with affinity groups across the UK to inspire them to take action to improve their streets. This work involves developing equitable partnerships with marginalised groups and supporting them to develop manifestos for change in their area. We aim to link communities from all walks of life with their local decision makers, so they can have meaningful input into community and streets improvements. Read more about this on page 10. LIVINGSTREETS.ORG.UK 18 Annual Report and Accounts 2023 - 24 ## OUR FUNDERS ## **The Board of Trustees would like to thank our funders and Living Streets Services customers who have made our work possible this year:** Aberdeenshire Council Hackney Council Oxfordshire County Council Active Travel England The Highland Council Paths for All Arup Home Group Peterborough City Council Birmingham City Council Humber Teaching NHS Quintain Blackpool Council Foundation Trust Reading Borough Council Bracknell Forest Council Kent County Council Rees Jeffreys Road Fund Brent Council Kids Planet Day Nurseries Renfrewshire Council Bridgend College Knowsley Council Rotherham Borough Council Buckinghamshire Council Kyle & Lochalsh Community Royal Borough of Greenwich Bury Council Trust Royal Borough of Kensington Cardiff Council Lambeth Council and Chelsea Carmarthenshire County Leicester City Council The Royal Marsden NHS Council Link Scheme Ltd Foundation Trust Central Bedfordshire Council Liverpool City Council Sefton Council City of Edinburgh Council London Borough of Barking Sheffield City Council City of London and Dagenham Shropshire Council Civic Engineers London Borough of South Lanarkshire Council Clackmannanshire Council Hammersmith and Fulham South Tyneside Council CSSC Sports & Leisure London Borough of Havering South Yorkshire Mayoral Cycling Scotland London Borough of Combined Authority Driver and Vehicle Hounslow Stride Active Standards Agency London Borough of Suffolk County Council Durham County Council Redbridge Sutton Council Durham University London Transport Museum Tees Valley Combined East Ayrshire Council Luton Borough Council Authority East Lothian Council Medway Council Tracsis East Renfrewshire Council Melton and Belvoir Rural Transport Scotland Essex County Council District University of Liverpool European Climate Midlothian Council University of the West of Foundation Modeshift England Foundation for Integrated Moray Council University of Westminster Transport National Highways Welsh Government / Frome Town Council Norfolk County Council Llywodraeth Cymru Gateshead Borough Council North Tyneside Council West Midlands Combined Glasgow City Council Northumberland County Authority Government of Jersey Council West Yorkshire Combined States of Guernsey North Somerset Council Authority Wokingham Council ## **Thank you as well to all our other partners who supported our work.** Living Streets is part of the Walking and Cycling Alliance, comprising Bicycle Association, Bikeability Trust, British Cycling, Cycling UK, Sustrans and the Ramblers. 19 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## FINANCIAL REVIEW ## **Financial performance 2023/24** ## Financial performance and position *Adjusted for unrealised gains on investment ** Figures are not directly comparable due to an 18-month accounting period in 2021-2023. The period of the financial statements covered in this annual report is the 12 months from 1 April 2023 to 31 March 2024. These financial statements are not directly comparable with the 18 month period from 1 October 2021 to 31 March 2023, when we changed our accounting period to match the April to March financial period of many of our partners and funders. The result for the year as shown in the consolidated statement of financial activitiy was a deficit of £921k. This was split between a deficit of £391k on unrestricted funds and £529k on restricted funds. Total income was £5.069m and total expenditure was £6.014m.Income was split between unrestricted income of £1.693m and restricted income of £3.377m. Expenditure was split between unrestricted expenditure of £2.103m and restricted expenditure of £3.912m. The result for the year resulted in an overall reduction of funds. As shown in the group balance sheet, total funds as at 31 March 2024 are £536k (March 2023: £1.46m). This is split between unrestricted funds of £336k (2023: £727k) and restricted funds of £199k (2023: £729k). ## **At 31 March 2024, Living Streets’ cash balance was £1,088k (2023: £1,236k).** 20 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## COMMENTARY Living Streets is principally funded through government grants, Trusts and Foundations grants and donations, and contract income generated through working with local authorities across Great Britain. The income we generate is spent efficiently to deliver the best possible impact. We work in partnership with communities, local authorities and national governments to deliver programmes that promote our mission and objectives. During the year we continued to expand programme delivery through behaviour change work and secured further funding from statutory funders: Active Travel England; Transport Scotland; Cycling Scotland; the government in Wales. ## UNRESTRICTED INCOME As noted, there was a further erosion of unrestricted funds in year, reducing to a position of £336k. This was due to a challenging economic environment for generating unrestricted income. We saw further reduction in local authorities’ contracts, fewer corporate sponsorships and a slower uptake of our voluntary membership offer. The charity recognised these pressures during the year and undertook a review of activities and spend to identify savings and align costs and resources with the reduced funding environment. This resulted in a new leaner staffing model, a review of all expenditure, and a curtailment of nonessential expenditure, including investment spend in systems where appropriate. The full benefit of these measures will be shown in the 2024/25 and 2025/26 financial years as the revised staffing model was implemented after April 2024. ## RESTRICTED RESULT During 2023-2024 increases in restricted funding allowed significant increases in expenditure on behaviour change programmes as we strive to promote more people to walk. 21 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## INCOME 2023-24 ## EXPENDITURE 2023-24 LIVINGSTREETS.ORG.UK 22 Annual Report and Accounts 2023 - 24 ## RESERVES Total reserves at 31 March 2024 were £535k (2023: £1.456m) Restricted funds, provided for a particular purpose and therefore not available for general use, by the charity, totalled £199k (2023: £729k). Unrestricted general reserves as at 31 March 2024 were £336k (2023: -£53k) There were no designated reserves as at 31 March 2024 (2023: £780k). The Trustees reviewed the designated reserves and in recognition of the changed financial position and performance of the charity recognised that these designations should be released into unrestricted general reserves. This gives a better understanding of unrestricted funding available to the charity and reflects that the designations previously made no longer reflected the use of these funds. The available unrestricted funds of £336k (2023: £727k) are below the level required for the orderly closing down of the charity and trading subsidiary. These funds are sufficient to provide working capital appropriate to the charity’s current business environment. The future financial strategy will prioritise the rebuilding of unrestricted reserves to meet the requirements of the reserves policy. ## FUTURE PLANS AND GOING CONCERN The unrestricted result for 2023/24 of a deficit of £391k put further pressure on the unrestricted reserves with a balance as at year end of £336k. The Trustees identified these pressures in year, and instigated a review of activities, expenditure and the finance and costing model. This review led to the following measures, the full benefit of which will be seen in financial years from 2024/25 and 2025/26 onwards: - a leaner and agile staffing model with projected annual savings of £500k; - improved project costing to ensure full recovery of unrestricted overheads across projects; review of investment spend on systems and processes and curtailment of all non-essential investment spend; - a reinvigorated fundraising plan to grow and diversify non-statutory income; - prioritising the rebuild of unrestricted reserves to ensure long-term financial sustainability. The charity developed a balanced budget for the financial year 2024/25 and is now forecasting a surplus result on unrestricted funds. In addition, the charity has received confirmation from key statutory funders, including Active Travel England of restricted funding for 2024/25, and has contracts running through 2025/26, with others in advance stage negotiations. 23 25 LIVINGSTREETS.ORG.UK LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 The Trustees undertook a formal going concern review taking into consideration the measures implemented above, the external funding environment, future forecasts and cashflow projections. The Trustees concluded that notwithstanding the above measures the charity has taken to address the erosion of unrestricted reserves a number of factors remain which challenge its ability to operate on a going concern. These include: - The low level of unrestricted reserves of £336k which are below the reserve requirement (which has been re-evaluated to be just over £1M); - Key funding agreements which will ensure financial stability, are not confirmed. This is in part due to the current external environment; - Uncertainty regarding the timing of projects and the impact this will have on cashflow. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Trustees anticipate that with a reinvigorated environment promoting Active Travel and confirmation of future funding streams that these factors that currently lead to material uncertainty will be addressed. It is anticipated that a resolution of key multi-year funding streams will be reached as soon as possible which will support the rebuilding of unrestricted reserves. ## OUR RESERVES POLICY Reserves are the part of a charity’s unrestricted fund that is freely available to spend on any of the charity’s purposes. It is the Board’s policy to hold reserves sufficient to meet these goals: - To enable financial stability and meet working capital requirements on a continuing everyday basis; - To safeguard the charity’s commitments against temporary fluctuations in income levels; To provide for the orderly closing down of the charity and its subsidiary trading company should this ever prove necessary; - To designate funds for specific purposes approved by the Board, normally with a time limit within which these funds should be spent. ## OUR INVESTMENT POLICY The Trustees follow Charity Commission guidance on holding investments. Living Streets currently holds its investment in cash deposits. Trustees have for many years adopted a ‘no market risk’ investment strategy to safeguard these assets. No new investments were made during the period. At 31 March 2024, the closing value of the investment funds held was £235k (2023: £211k), giving a net revaluation gain of £24k. 24 25 LIVINGSTREETS.ORG.UK LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## RISK MANAGEMENT SMT is responsible for maintaining a strategic risk register, which records management’s assessment of the impact and likelihood of risks alongside organisational appetite and the speed with which risks could escalate. Each risk is assigned to a member of SMT who is accountable for ensuring the relevant controls, policies and procedures are implemented and improved. The organisation’s policies and procedures cover the effectiveness of internal control measures, the avoidance of bribery and corruption, conflict of interest, whistle blowing, health and safety, and complaints. A Risk Register is presented to the Audit Committee and Board on a quarterly basis. ## **The charity considers its principal risks and uncertainties to be:** ## **Active Travel sector** Government funding and policy relating to walking and cycling continues to be volatile, and policies relating to active travel and the environment may change further in future as a result of shifting government priorities under the incoming new government. Our current contract with Active Travel England ends on 31 March 2025. Negotiations for renewing this contract have been successful and the Charity will receive increased funding of £5m for the year ending 31 March 2026. ## **Funding downturn** The funding environment has changed dramatically this year. These impacts have been felt across England and Scotland. We are also seeing in England long delays with some local authority procurements and shorter-term funding in some areas. Most local authorities expect their expenditure to exceed their income this financial year. Hence, section 114 notices are projected to increase and budget deficits are planned for most councils. ## **Income diversification** Diversification does not move forward at a fast pace. This means the income expected from major giving, individual giving, companies, trusts and foundations needs to grow quickly. Ability to invest in and improve income diversification is not aligned with the need to grow voluntary and charitable income. ## **Loss of key skilled personnel** The charity has lost some skilled staff through redundancies and other staff departures. Retaining key staff in a challenging environment will be crucial. 25 25 LIVINGSTREETS.ORG.UK LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## GOVERNING DOCUMENT Living Streets is a registered charity in England, Wales and Scotland, and a private company limited by guarantee. It is governed by its Board of Trustees operating under the terms of the Articles of Association last amended on 18 March 2021. ## CHARITY GOVERNANCE CODE Living Streets supports the principles of good governance set out in the Charity Governance Code for small and medium charities, and will continue to review the charity’s practice against the Code’s requirements as part of an approach of continuous improvement of governance arrangements. The Remuneration, Nominations and Governance Committee again reviewed the charity’s practice against the Code’s requirement. As part of its approach to continuous improvement of governance arrangements the Board approved the recommendations. These include carrying out a Board Effectiveness Review and focussing on strengthening its practice in equality, diversity and inclusion in 2024-2025, including when recruiting new Trustees. ## RECRUITMENT AND APPOINTMENT OF TRUSTEES AND CHIEF EXECUTIVE OFFICER The Trustees have a wide range of skills and experience. The Trustees, together with the Executive, identify the skills, experience and background required of the Trustees to ensure that the Board is able to deliver its duties, and to support and challenge the Executive. The Remuneration, Nominations and Governance Committee oversees the succession planning for, and the recruitment of, a skills-based Board. Trustee roles are advertised widely, including on Living Streets’ website. The new Chief Executive Officer’s appointment was done externally by recruitment agency, Prospectus. The hiring panel comprised the Chair, the Vice Chair and two other Trustees. Stephen Edwards was formally resigned as permanent Chief Executive on 30 April 2024 following his resignation in November 2023. ## TRUSTEE INDUCTION AND TRAINING The induction for new Trustees includes the provision of a Trustee Handbook containing key documentation, one-to-one meetings with key people, site and project visits, and attending an externally provided Trustee induction and refresher training. 26 25 LIVINGSTREETS.ORG.UK LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## CONFLICTS OF INTEREST Each Trustee is required to disclose potential or actual conflicts of interest in recruitment and annually for inclusion in the register of interests and at Board or Committee meetings if relevant. ## ROLE OF THE TRUSTEES The Trustees meet at least five times a year to review strategy and performance, agree operating plans and annual budgets, and to hear from stakeholders and employees. The Audit and Risk Committee (ARC) is a sub-committee which meets as required, typically quarterly, and has oversight of all finance, risk, legal and governance matters. ARC has no decision making powers and reports to the Board. Trustees monitor and have overall responsibility for: - approving the overall strategy and annual budget of the organisation, ensuring that the charity has appropriate systems of controls, financial and otherwise; - keeping proper accounting records which comply with the Companies Act 2006 and the Charities SORP; - safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities; providing assurance that the charity is operating efficiently and effectively, carrying out risk assessments to identify possible risks to the achievement of the charity’s objectives and establishing procedures, actions and systems to mitigate them. This monitoring of financial and other areas of performance ensures that Trustees are continually appraised of progress and the risks the charity faces. The day-to-day running of the charity is delegated to the Chief Executive, who in turn delegates specific responsibilities to members of the Senior Management Team. ## SENIOR MANAGEMENT TEAM The Chief Executive and members of the Senior Management Team (SMT) are not directors for the purposes of company law. SMT is the Executive Team, which recommends strategies to the Board for approval and runs the charity’s operations day-to-day. SMT meets weekly to enable rapid, agile decision-making. Their purpose is to review the performance of the charity’s work, to address any issues and opportunities arising with regard to finance, health and safety, risk management, resourcing, programmes of delivery and influencing work. SMT ensures 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 of and communication with staff. 27 25 LIVINGSTREETS.ORG.UK LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## REMUNERATION Living Streets aims to ensure that staff are paid fairly and appropriately according to the nature of their work and their experience. The functions and skills requirements of their role and in line with the organisation pay strategy and pay band structure, which aims to pay at the median level for roles when benchmarked against the market rate for the sector. Responsibility for setting the pay for all staff excluding the Chief Executive is delegated to the Remuneration Committee. This is normally reviewed in February and seeks to offer a total benefit package which is intended to attract and retain management of the quality required to run the charity successfully and sustainably and to support the long-term strategy and purpose of the charity. No senior manager is involved in decisions relating to their own remuneration. The salary for the Chief Executive is agreed by the Chair and the Board of Trustees. ## GENDER PAY GAP Although Living Streets employs fewer than 250 employees and is therefore not required by law to disclose information on its gender pay gap, the Board considers it good practice to do so. At March 2024, the charity’s overall median gender pay gap was 9.14% compared to the national average of 15.4% in 2021. We continue to monitor and review pay levels and the application of our pay strategy to ensure there is no gender bias and will continue to consider ways to reduce this, alongside our wider diversity and inclusion policies and activities to make sure our policies and practices are fair. ## EQUALITY, DIVERSITY AND INCLUSION Living Streets made a commitment to diversity based on a framework from the Association of Chief Executive for Voluntary Organisation (ACEVO). One of these commitments was to set permanent and minimum targets for diversity and inclusion to reflect the wider society. We are working on three thematic workstreams to act as framework for delivering positive change as part of our charitable mission and as an employer. We set up baseline in March 2023 to measure progress across a KPI matrix. This work has been paused for the time being until further funding is available. The strategies are split across three themes: 1. Creating a culture of inclusion 2. Developing approaches based on equality 3. Interacting with diverse audiences 28 25 LIVINGSTREETS.ORG.UK LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES **The Trustees (who are also directors of Living Streets for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard FRS 102 applicable in the UK and Republic of Ireland.** In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently - observe the methods and principles in the Charities SORP - make judgements and estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. As permitted by the Articles of Association, the Trustees have the benefit of an indemnity which is a qualifying third-party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in force. The Company also purchased and maintained throughout the financial year Trustees’ and Officers’ liability insurance in respect of itself and its Trustees. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In line with Charities’ best practice, Living Streets’ Trustees have reviewed the criteria for charities, set out in the Charities Act 2011. - The Trustees have concluded that: Living Streets’ purposes remain charitable; and - Living Streets satisfies the public benefit test. The Trustees have no beneficial interest in the charity. ## **Public benefit** The Board continuously reviews the activities of Living Streets against its charitable objectives and its strategic vision. The Board is satisfied that all activities are related to these objectives. No specific issues to the detriment of these objectives have been identified. The Trustees have referred to the guidance provided by the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator on meeting the Charity Test. This guidance explains how a charity should demonstrate a link between its charitable aims and the benefits it provides to the public. The Trustees have considered this guidance in preparing the review of activities and future plans. 29 LIVINGSTREETS.ORG.UK Annual Report and Accounts 2023 - 24 ## AUDITORS ~~a~~ A resolution to appoint auditors will be proposed at the Annual General Meeting in January 2025. Approved by the Trustees on 23 January 2025 and signed on their behalf by: ## Dame Jane Roberts Chair of the Board of Trustees, Living Streets LIVINGSTREETS.ORG.UK 30 Annual Re ort and Accounts for 2023-24 Company number: 05368409 Charity number (England and Wales): 1108448 Charity number (Scotland): SC039808 Report and Financial Statements CONTENTS Page Reference and administrative details 32-33 Independent auditor's report 34-37 Consolidated statement of financial activities 38 Charitable parent company's statement of financial activities 39 Balance sheets 40 Consolidated statement of cash flows 41 Notes to the financial statements 42-65 31 LIVINGSTREETS.ORG.UK Annual Re ort and Accounts for 2023-24 Company number 05368409 Charity number 1108448 Charity number (Scouand) SC039808 Registered office and operallonal address Stroke House 240 City Road London EC1V 2PR Presidenl Michael Bates apFNJinted 24 June 2020 Vice Presidenl Susan Claris appointed 24 June 2020 Truslees The trustees and Directors of the company who were in office during the year and up to the date of signing the financial statements were.. financial statements were- Dame Jane E Roberts Mollie Bickerstaff Christopher Martin Jo Field Shruti Jain Sarah Price Ros Richards Sarah Berry Stephen Brooks Amit Patel Andy Cottrell Chair Treasurer Retired 27 September 2024 Retired 27 November 2023 (Appointed as Treasurer on 27 September 2024) Appointed 15 February 2024 Lauren Morrison Company Secrelary Faheza Peerboccus (resigned 27 September 2024) Victor Simango (appointed 27 September 2024) Principal slaff Stephen Edwards Stephen Jefford Chief Executive Interim CEO Resigned 30 April 2024 Appointed 02 May 2024 and resigned 15 August 2024 Appointed 19 August 2024 Catherine Woodhead - CEO Faheza Peert)occus Director of Finance and Resources Head of Finance Director of Policy and Communications Acting Director of Fundraising and Development Deputy Director of Local Impact Head of Commercial Development Head of People Chief Execulive Resigned 30 September 2024 Victor Simango Tanya Braun Appointed 1 October 2024 Sally Fixter Chrislopher Rushbrook Alex McHardy Resigned 16 August 2023 Resigned 31 December 2023 Jonathan Seller Resigned 30 June 2024 32 LIVINGSTREETS.ORG.UK Annual Re ort and Accounts for 2023-24 Bankers Cooperative Bank PIC PO Box 250 Skelmersdale WN8 61 Natwest PO Box 12258 1 Princess Street London EC2R 8BP Sollcltors Stone King LLP Boundary House 91 Charterhouse Street London EC1M 6HRF Investmenl Managers CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ M&G Investrnents PO Box 9038 Chelmsford CM99 2XF Auditors MHA Sixth Floor, 2 London Wall Place London EC2Y SAU 33 LIVINGSTREETS.ORG.UK Independent Auditor's Report lo the Members and the Trustees of Living Streets (rhe Pedestrians Association) Opinion We have audited the financial statements of Living Streets (the 'parent charitable company.) and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, the Charitable Parent Company Statement of Financial Activities, the Group and Charity Balance Sheets, the Consolidated Statement of Cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financia/ Reporting Standard applicable in the UKand Republic of /re/and (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the group's and parent charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure. for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities and Trustee Investment (Scotland) Act 2005 and regulations 6 and 8 of the Charities Accounts (Scotland) Regulations 2006. 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 group and parent charitable company 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. Material uncertainty related to going concern We draw attention to Note 1 (w) of the financial statements. which describe how low levels of unrestricted reserves, failing to secure key funding agreements, and the uncertainty over the timing of projects challenge the parent charitable company's ability to continue as a going concern. As stated within this Note, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the parent charitable company's ability to continue as a going concern. Our opinion is not modified in respect of this matter. In auditing the financial statements, we have concluded that the directors, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. 34 LIVINGSTREETS.ORG.UK Independent Auditor's Report lo the Members and the Trustees of Living Streets (rhe Pedestrians Association) (continued) Other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. 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. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent wrth the financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. 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: the information given in the Trustees, report (incorporating the Directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Trustees, report (incorporating the Directors, report) has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors. report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion: adequate and proper accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us" or the parent charitable company's financial statements are not in agreement with the accounting records and returns. or certain disclosures of Directors, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit. or Responsibilities of Trustees As explained more fully in the Trustees. responsibilities statement included in the Trustees. Annual Report, the Trustees (who are also the Directors of the parent charitable company for the purposes of company law) 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. 35 LIVINGSTREETS.ORG.UK Independent Auditor's Report lo the Members and the Trustees of Living Streets (rhe Pedestrians Association) (continued) Responsibilities of Trustees (continued) In preparing the financial statements, the Trustees are responsible for assessing the group's and parent charitable company'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 charitable company 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 auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder. 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. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: Obtaining an understanding of the legal and regulatory frameworks that the entity operates in, focusing on those laws and regulations that had a direct effect on the financial statements. Enquiry of management to identfy any instances of known or suspected instances of fraud; Enquiry of management and those charged with governance around actual and potential litigation and claims; Enquiry of management about any instances of non-compliance with laws and regulations; Reviewing the design and implementation of control systems in place. Testing the operational effectiveness of the controls. Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness. Evaluating the business rationale of significant transactions outside the normal course of business. Reviewing accounting estimates for bias. Reviewing minutes of meetings of those charged with governance. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable la￿￿ and regulations. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. 36 LIVINGSTREETS.ORG.UK Independent Auditor's Report lo the Members and the Trustees of Living Streets (rhe Pedestrians Association) (continued) Auditor's responsibilities for the audit of the financial statements (continued) This risk increases the more that compliance with a law or regulation is removed trom the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: https:l/www.frc.org.uklOur- WorklAudit/Audit-and-assurancelStandards-and-guidancelStandards-and-guidance-for- auditors/Auditors-responsibilities-for-audiVDescription-of-auditors_responsibilities_for- audit.aspx. This description forms part of our auditor's report. Use of this report This report is made solely to the parent charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees. as a body. in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the parent charitable company's members and trustees 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 parent charitable company and the parent charitable company's members as a body and the parent charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Stuart McKay Bsc FCA DChA (Senior Statutory Auditor) For and on behalf of MHA, Statutory Auditor London, United Kingdom Date: 3010112025 MHA is the trading name of Maclntyre Hudson LLP. a limited liability partnership in England and Wales (registered number OC312313) 37 LIVINGSTREETS.ORG.UK Living Streets (rhe Pedestrians Association) Consolidated statement of Financial Activities (incorporaiing an income and expenditure accounl) For the year ended 31 March 2024 Year ended 31 March 2024 18-month period ended 31 March 2023 Restricted Unrestricted Note Income from: Donations and legacies Charitable activities Activities for raising ftjnds Investment income 2￿,(K￿l 3.176,677 150,921 1.LK)5,868 530,089 6,276 1,693,154 350,921 4.182,545 530,089 6,276 5,069,831 474,842 5,829,289 441,674 8,124 6,753,929 10 Total Income 3,376,677 Expenditure on: Ralsing fvnds.. Costs ol raising income Costs ol raising trading income Chantable activifres 262,263 296,454 1.543,797 262,263 296,454 5,455,919 332,214 315,869 8,421,069 3,912,122 Total expenditure 3,912,122 2,102,514 6.014,636 9,069,152 Net gainl{lossl on investment 10 23,946 {1,274) Transfers betsveen funds 19 5,621 15.621) Net movemenl In lunds {529,824) {391,035) (920,859) (2,316,49n Total funds at 1 April 2023 19 729,001 727.324 1.456,325 3,772,822 Total funds at 31 March 2024 199.177 336,289 535.466 1,456,325 All of the above results are derived trom continuing activtlies. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 19 to the fi'nancial statements. 38 LIVINGSTREETS.ORG.UK Living Streets (rhe Pedestrians Association) Charitable Parent Company Statement of Financial Activities (incorporating an income and expenditure account) For the year ended 31 March 2024 1&month period ended 31 March 2023 Year ended 31 March 2024 Restricted Unrestricted Note In¢ome from: Donations and legacies Charitable activities Investment income Gift Aid DistribLrtion from subsidiary 2c￿,(m)0 3,176.677 150,921 1.LK15,868 6,271 350,921 4,182,545 6,271 314,838 474,842 5,829,289 8,124 314,838 434,449 Total Income 3.376,677 1,477,898 4,854,575 6,746,704 Expendilure on: Raising fvnds.. Costs ol raising income Charitable activities 262.263 1,778,878 262,263 5,691,01)0 332,214 8,610,102 3,912,122 Total expendllure 3.912,122 2,041,141 5,953.263 8,942,316 Net gainl(lossl on investment 10 23,946 {1,274) Transfers betsveen funds 19 5,621 15.621) Net movement in funds 1529.824) (544.918) {1,074,742) (2,196,886) Total funds at 1 April 2023 19 729,001 412.486 1,141,487 3,338,373 Total funds at 31 March 2024 199,17T 132,432 66,745 1,141,487 All of Ihe above results are derived trom continuing actiwties. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 19 to Ihe financial statements. 39 LIVINGSTREETS.ORG.UK Living Streets (rhe Pedestrians Association) (Company No. 05368409) Balance Sheets As at 31 March 2024 The group 31 March 31 March 2024 2023 The charity 31 March 31 March 2024 2023 Note Fixed assets Tangible assets Investments 5.392 234,926 8,657 211,(X)2 5,392 234,926 8,657 211.002 10 240,318 219,659 240,318 219,659 Current assets Stock Debtors Cash at bank and in hand 12 13 75,766 915,439 1.087,607 158,165 569,670 1,235,626 4,395 921,128 1,056,243 9,198 707,834 768,423 2.078,812 1.￿,461 1,981,766 1,485,455 Liabilities Creditors.. amounts due within one year 14 (1,783,664) {694,204) (2,155,339) {531,0361 Net current assets 295,148 1,269,257 173,573 954,419 Total assets less current liabilities 535,466 1.488,916 66,745 1,174,078 Creditors.. amounts due after more Ihan one year 15 132,591) (32,5911 Provisions lor liabilities and charges 17 Net assets 535.466 1,456,325 66,745 1,141,487 Funds 19 Reslricted Income funds Unrestricted funds Designated funds General funds 199,177 729,CKI1 199,177 729,001 780,365 153,041) 780,365 (367,8791 336.289 132,432 Total charlty funds 535,466 1,456,325 66,745 1,141,487 Approved by Ihe trustees on 23 January 2025 and signed on their behalf by Dame Jane E Roberts. Chair 40 LIVINGSTREETS.ORG.UK Living Streets (rhe Pedestrians Association) Consolidated statement of Cashflows For the ear ended 31 March 2024 18-month period ended 31 March 2023 Year ended 31 March 2024 Cashflows from operatlng actlvltles: Nel expenditure {920,859) {2,316,4971 Adjustments for.. Depreciation (Gainllloss on investments G&n on disposal of fixed assets Working capital changes Ilncreaselldecrease in trade and other receivables Decreaselllncreasel in inventories Increaselldecrease} in trade and other payables Interest received Interest paid Net cash {used in)Iprovided by operating aclivities 3,265 (23,946) 22 41,212 1,274 622 (345,769) 82,399 1,113,681 {6,276) 2,867 94,616 113,155 {67,1831 {38,4301 {8,1241 836 2,273,135 Cashllows from invesling activities: Purchase of property plant and equipment Interest received Net cash (used In)Iprovlded by Invesllng acllvltles {10,4731 8.124 2,349 6,276 6,276 Cash flows from financing activities: Receipts from bank loan Repayment of bank loan Interest paid Net cash flows (used)Ireceived from financing activities 60,000 {3,1881 18361 55,976 (56,812) (2,867) 59,679 Change in cash and cash equivalents in the reporting period Cash and cash equlvalents at Ihe beglnnlng of the reporting perlod Cash and cash equlvalents al Ihe end ol Ihe reportlng perlod {148,019) 1,235,626 1,087,607 {2,219,5081 3,455,134 1,235,626 41 LIVINGSTREETS.ORG.UK Notes to the financial statements For the ear ended 31 March 2024 Accounting policies a) These financial statements have been prepared for 12 months ended 31 March 2024 with comparatives for the 18 months period ended 31 March 2023. Comparative numbers in the financial statements and related notes to the accounts are therefore not comparable. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments, and in accordance with applicable Accounting Standards and the Companies Act 2006. They follow the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102), Charities SORP FRS 102 and the Charities Act 2011, and the Chartties Accounts (Scotland} Regulations 2006. The Charty meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared on a going concern basis. These financial statements consolidate the results of the charitable company and its wholly owned subsidiary Living Streets Seniices 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 result of the Charty in the year is a deficit of £1,074,742 (2023: £2,196,886). b) Voluntary income Voluntary income received by way of donations and gifts is included in full in the statement of financial activities when receivable. Income from legacies 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. c) Revenue grants Revenue grants are credited to the statement of financial activities when received or receivable whichever is earlier. Where unconditional entitlement to grants receivable is dependent upon fulfilment of conditions within the charity's control, the income is recognised when there is sufficient evidence that conditions will be met. Where there is uncertainty as to whether the charity can meet such conditions, the income is deferred. d) Supply of good and services Income generated from the supply of goods is included in the statement of financial activities (net of VAT) in the period in which the supply is made. Income under contracts for services is included in the financial statements as entitlement is earned through completion of the contract. e) Restricted funds Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. 42 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 Accounting policies (continued) Unrestricted funds Unrestricted funds are donations and other income received or generated for the charitable purposes. g) Designated funds Designated funds are unrestricted funds earmarked by the trustees for particular purposes. h) Costs of raising funds Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. Where information aboLrt 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. i) Investments Investments held as fixed assets are revalued at mid-market value at the balance sheet date. The gain or loss for the period is taken to the statement of financial activities. j) Pension The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charitable company to the fund. The charitable company has no liability under the scheme other than for the payment of those contributions. k) Expenditure Expenditure is recognised in the period in which it is incurred and once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure includes attributable VAT which cannot be recovered. Expenditure is allocated to the particular activity where the cost relates directly to that activity. l) Allocation of support costs Support costs and costs of the overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis of staff time attributable to each activity. m) Governance costs Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities. 43 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 Accounting policies (continued) n) Fixed assets Fixed assets are stated at cost less accumulated depreciation. Where parts of a fixed asset have different useful lives, they are accounted for as separate items of fixed assets. IT equipment 25% straight line Office furniture and equipment 25Yo Straight line Equipment including computers, furniture and fittings, costing less than £1,000 per individual items or group of related items is written off in the year of acquisition. Equipment purchased from revenue grants in excess of £1 ,000 is written off in full in the year it is acquired. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. p) Transfers between funds Transfers be￿een funds are made when expenditure on a fund has exceeded the income generated. q) Rent Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor. are charged to the statement of financial activities on a straight-line basis over the minimum lease term. r) Stock Stocks are valued at the lower of cost and net realisable value on a first in first out basis. s) Cash and cash equivalents Cash and cash equivalents include depostts repayable on demand without penalty. Short term money market deposits and fixed term cash deposits which do not meet this criteria are held under current assets as short term deposits. Cash and bank deposits are stated at the cash amount. t) Financial instruments The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Financial instruments are initially recognised at transaction value and subsequently measured at the present value of future cash flows (amortised cost). Financial assets held at amortised cost comprise cash at bank and in hand, short term cash deposits and the charitable company's debtors excluding prepayments. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. 44 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 Accounting policies (continued) t) Financial instruments {continued) Financial assets are derecognised when {a) the contractual rights to the cash flows from the asset expire or are settled,. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party. or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another paty who has the practical ability to unilaterally sell the asset to an unrelated third paty withoLrt imposing additional restrictions. Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies, excluding deferred income are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity sen4ices and amortised over the period of the facility to which it relates. Trade payables are obligations to pay for goods or seniices that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. No discounting has been applied to these financial instruments on the basis that the period over which amounts will be settled are such that any discounting would be immaterial. u) Termination benefits Termination benefits are employee benefits payable as a result of either: a) An entity's decision to terminate an employee's employment before the normal retirement date; or b) An employee's decision to accept voluntary redundancy in exchange for those benefits. Termination benefits are paid in accordance with our redundancy policy. Living Streets termination benefits comprise of statutory benefits or other agreements with employees or by a constructive obligation based on business practice, custom or desire to act equitably to make payments to employees when tt terminates their employment. 45 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 Accounting policies (continued) v) Accounting judgements and estimations Critical accounting judgements and key sources of estimation uncertainty - In the application of the charity's accounting policies, Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised. if the revision affects only that period or. in the period of the revision and future periods, rf the revision affects the current and future periods. In the view of the Trustees, no assumptions concerning the future estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year. w) Going concern Trustees have considered the likely future viability of the organisation, having regard to the deficit shown in these results. The unrestricted result for 2023124 of a deficit of £391 k put further pressure on the unrestricted reserves with a balance as at year end of £336k. The Trustees identified these pressures in year, and instigated a review of activities, expenditure and the finance and costing model. This review led to the following measures, the full benefit of which will be seen in financial years from 2024125 and 2025126 onwards: a leaner and agile staffing model with projected annual savings of £500k. improved project costing to ensure full recovery of unrestricted overheads across projects. review of investment spend on systems and processes and curtailment of all non-essential investment spend. a reinvigorated fundraising plan to grow and diversify non-statutory income. prioritising the rebuild of unrestricted reserves to ensure long-term financial sustainability. The charity developed a balanced budget for the financial year 2024125 and is now forecasting a surplus result on unrestricted funds. In addition, the charity has received confirmation from key statutory funders, including Active Travel England of restricted funding for 2024125, and has contracts running through 2025126, with others in advance stage negotiations. The Trustees undertook a formal going concern review taking into consideration the measures implemented above. the external funding environment. future forecasts, and cashflow projections. 46 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 1 . Accounting policies (continued) w) Going concern (continued) The Trustees concluded that notwithstanding the above measures the charity has taken to address the erosion of unrestricted reserves, a number of factors remain which challenge its ability to operate on a going concern. These include.. The low level of unrestricted reserves of £336k which are below the reserve requirement. Key funding agreements which will ensure financial stability, are not confirmed. This is in part due to the current exLernal environment. Uncertainty regarding the timing of projects and the impact this will have on cashflow. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Trustees anticipate that with a reinvigorated environment promoting Active Travel and confirmation of future funding streams that these factors that currently lead to material uncertainty will be addressed. It is anticipated that a resolution of key multi-year funding streams will be reached as soon as possible which will support the rebuilding of unrestricted reserves. These financial statements have therefore been prepared on a going concern basis. Donations and legacies for the year ended 31 March 2024 Year ended 31 March 2024 Restricted Unrestricted Donations Legacies Dft Modeshift Stars National Award Scheme 66.364 84,557 66,364 84.557 200.000 350,921 21)O,Cl)o 200,CKJO 150,921 18-month period ended 31 March 2023 Donations and lega¢ies for the 1&month period ended 31 March 2023 Restricted Unrestricted Donations Legacies Dff Modeshift Stars National Award Scheme 99,842 105.000 99,842 105,000 270,000 474,842 270.tK)O 270.IK)O 204.842 47 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 Year ended 31 March 2024 Income from charitable activities for the year ended 31 March 2024 Restricted Unrestricted Scottish Government Scouand Walking Nation 2022-2023 Walk To School Outreach 2023-24 Merton School Streetscapes Inclusive Design Research (fransport Scotland I Scottish Government) Cerdded i Ysgol Cymru 2023-20251(Walk to School Wales 2023-2025IWelsh Government Pedestrian Pound study and scoping WOTkshop in Scotland - Paths for All Pedestrian Pound study and scoping workshop in Scotland - Rees Jeffreys Road Fund Pedestrian Pound study and scoping WOTkshop in Scotland - Foundation for Integrated Transport Cycling Scotland Social Housing Fund 2023-24 European Climate Foundation Grant Scottish Governrnent Scotland Walking Nation 2023-2024 Paths for All - Active Nalions Fund Common Access European Union Cycling Scotland Successor 22-23 European Climate Foundation Grant Royal Marsden Walking Routes Midlothian New Communities, New Travel Choices Paths for Al Lambethlmeristern Parklets Project lfjlburn Healthy Neighbourhood 2023 Leicester- Walk to School Programme Blackpool Capability Fund 2023-24 Gateshead Capability Fund 2023-24 Tees Valley Capability Fund 23-24 Little Feet WYCA 23-24 School Streels Support Essex West Midlands Combined Authority 202&24 Midlothian Council Housing Audtts (Walkabilty and Active Travel Review of five key housing sites) National Highways 2023-25 - Enabling School Access (Further Roll Outl and NHS Access Kent County Council Schools WOW Programme Thames to Eternity Stones- Cty of London Extended lfjlburn Engagement- Brent Council Smarter Choices, Smarter Places (Scoltish Government) University of the West of England Bristol Research Project Consultancy and business development 40,016 2,¢)CM),000 136,398) 40.016 2.000.000 (36,398) 20,956 20,956 3￿,739 390,739 50,000 15,000 15,000 14.592 34,675 16,978 483,991 134,314 1.029 3.766 7.019 14,592 34.675 16.978 483,991 134,314 1,029 3,766 7,019 10,650 10,650 21,490 28,105 20,tK)O 80,C()O 80,250 67,850 27,lJ)O 29,740 19,700 101,IK)O 21,490 28,105 20,000 80,000 80,250 67.850 27.000 29,740 19,700 101,000 35,476 35.476 100,tK)O 16,C()o 13,￿0 12,Crf)O 258,104 23,500 61,103 1,tK15,868 100,000 16,000 13,900 12.000 258.104 23,500 61,103 4,182,545 3,176,677 48 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 18-month period ended 31 March 2023 Income from charitable activities for Ihe 18-monlh peri¢xl ended 31 March 2023 Restricted Unrestricted Scottish Government Scotland Walking Nation 2022-2023 Smarter Choices, Smarter Places (Scottish Government) Walking Friends Wales City Bridge Trust (Redbridge Streets Apart) Local Cycling and Walking Infrastructure Plans {LCWIPsl Walk To School Outreach 2022-23 Tackling Loneliness with Transport {Department for Transport) Transport Scotland Inclusive Streels 2021-23 Playful Sireets - Play Scotland partnership (Play Scollandl Inclusive Design Research (Transport Scotland I Scottish Government) Paths for All & Scotland Loves Local Cycling Scotland Scottish Government Scotland Street Audit Evaluations ffransport Scotlandl Hertfordshire- The School Walk 2021-22 Mersey Travel ATF 2021-22 Bristol County Council Leicester- Walk to School Programme European Climate Foundation Grant School Streets Support Essex Easi Sussex Active Travel Programme Active Travel Scheme for the West Sussex County Council Capability Blackpool Capability Fund 2021-22 Durham Capability Fund 2021-22 Wales 20mph and WOW Schools Bucks Capability Fund 2021-22 National Highways Schools Pilot (Yorkshire and Northeast) Leeds School Streets North Lincolnshire Capability Fund 2021-22 North East ￿ncOlnshIre Capability Fund 2021-22 WMCA Capability Fund Project- Ne￿ Steps to Collegel University Lincolnshire County Council - Wow Walking To School Programme Gateshead Capabilty Fund 2021-22 Three Rivers Walking Audits Tees Valley Capability Fund 2021-22 Little Feet WYCA 22-23 WYCA Schools and Businesses 2021-¥2 Consultancy and business development 514,187 514,187 303,440 68,130 58,284 142,000 2,009,000 303,440 68,130 58,284 142,OCKJ 2,1X19,C 497,213 129,946 497,213 129,946 46,000 74,284 74,284 40,963 27,869 142,745 47,750 25,000 39,233 15,000 139,100 48,460 75,000 85,000 27,869 142,745 47.750 25.000 39.233 15.000 139,100 75,000 85,000 80.039 225,040 97,200 20,000 15.000 60.000 15,000 50,000 24,000 80,039 225,040 97,200 20,000 15,000 60,000 15,000 50,000 24,000 60.000 60,000 40,000 76,563 42,000 31.100 55.000 110.000 299.743 1.982.458 40,000 76,563 42,000 31,100 55,000 110,000 299,743 5,829,289 3,846,831 A￿1vIlle$ for raising funds for Ihe year ended 31 March 2024 18-month period ended 31 March 2023 Year ended 31 March 2024 Sales-England and Wales Sales-scotland 498,613 31,476 530,089 361,593 80,081 441,674 49 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 Expenditure - Year ended 31 March 2024 Group Restricted Unrestricted Total Cost of raising funds Costs of raising trading income Charitable activities Total expenditure 262,263 262,263 296,454 5.455.919 6,014,636 3.912.122 3,912,122 1.543.797 2,102,514 Direcl staff costs Support costs Dlrect costs (see below) Group Total Cost of raising funds Costs of raising trading income Charitable activities Total expendtture 247.752 211,079 3,072,372 3,531,203 13.172 583 1,354,492 1.368.247 1.339 84,792 1,029,055 1,115.186 262.263 296,454 5,455,919 6,014,636 Support costs include= Human resources costs Office & premises costs Communications and IT Finance and management costs Governance costs 216,818 90.114 358,540 431,295 18,419 1.115.186 Governance cosls include the following costs- Audit and accountancy fees AGMIAnnual Conlerence Annual Report Trustee Training Trustees, expenses 17,150 403 18,419 18-month period ended 31 March 2023 Group Restricted Unrestricted Total Cost of raising funds Costs of raising trading income Charitable activities Total expendtiuie 332,214 315,869 2.￿)7,434 3,555,517 332,214 315,869 8,421,069 9,069,152 s.513.￿5 5,513,&35 Direct staff costs Support wsts (see below) Group Direct costs Total Cost of raising funds Costs of raising trading income Charttable activities Total expenditure 315.023 257,258 5,034,780 5,607,061 15,714 20.027 2,129,046 2,164,847 1,417 152,333 1,143,494 1,297,244 332,214 429,618 8,307,320 9,069,152 Support costs include- Human resources costs Office & premises costs Communications and IT Finance and management costs Governance costs 174,717 169.566} 320,277 851,423 20,393 1,297,244 Governance costs include the following costs: Audit and accountancy fees AGMIAnnual Conference Annual Report Trustee Training Trustees, expenses 16,350 500 372 1,948 1,223 20,393 50 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 Expenditure (continued) Year ended 31 March 2024 Charlty Restrlcled Unrestrlcted Total Cost of raising funds Charitable activities Total expenditure 262,263 1,778.878 2,041,141 262,263 5.691.000 5,953,263 3.912.122 3,912,122 Direct staff costs Direcl costs Support costs (see below) Charity Total Cost of raising funds Charitable activities Total expenditure 247.752 3,072,372 3,320,124 13.172 1,589,573 1,602,745 1,339 1,029,055 1,030,394 262.263 5,691,000 5,953,263 Support costs include.. Human resources costs Oflice & premises costs Communications and IT Finance and Management costs Governance Costs 216,818 89,859 335.457 376,091 12,169 1,030,394 Governance costs include the following costs.. Audit and accountancy fees AGMIAnnual Conference Annual Report Trustee Training Trustees. expenses 10.900 403 12,169 18-month period ended 31 March 2023 Charity Restricted Unrestricted Total Cost of raising funds Charitable activilies Total expenditure &32,214 3,096,467 3,428,681 332,214 8,610,102 8,942,316 5,513,635 5,513,635 Direct staff costs Direct costs Support costs (see below) Charity Total Cost of raising funds Charitable activilies Total expenditure 315,023 5,034,780 5.349,803 15,774 2,318,080 2.333.854 1,417 1,257,242 1,258,659 332,214 8,610,102 8,942,316 Support costs include.. Human resources costs Oflice & premises costs Communications and IT Finance and management costs Governance Costs 174,717 169,5661 289,077 850,638 13,793 1,258,659 Governance costs include the following costs.. Audit and accountancy fees AGMIAnnual Conference Annual Report Trustee Training Trustees, expenses 9,750 500 372 1,948 1,223 13,793 51 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 Net incorne for the year Group This is stated after charging.. 18-month period ended 31 March 2023 Year ended 31 March 2024 Note Depreciation Operating lease rental - land and buildings Audilorfs remuneralion.. Current year audit fees Current year non-audtt fees Truslees, expenses 3,265 41,212 161,6&3 20 16,050 1,100 403 15,500 850 1,223 Trustees, expenses during the year ended 31 March 2024 represented travel and subsistence cosls relating to attendance at meetings for two Trustees12023- 5}. Stsfl cosls and numbers Staff costs were as follows- The group The charity 18-month period ended 31 March 2023 Year ended 31 March 2024 Year ended 31 March 2024 18-month period ended 31 March 2023 Salaries and wages Social security costs Pension contributions Other staff costs 3,339,485 340.109 5,217,756 556,327 371,301 161,664 6,307,048 3,128,406 340.109 306,589 41,371 3,816,475 4,962,593 556,327 371,301 158,994 6,049,215 41,371 4,027,554 Other staff costs include salary sacrtfice scheme, homeworking allowance. apprentice lewy, recruitment expenses and annual leave expenses. Payments to agency staff were £16,89512023.' £24,975). We had trdo agency staff during the pericxy under review 12023.. four). Year ended 31 March 2024 Number 18-month period ended 31 March 2023 Number Employees earning above £60.IK)O as follows.. £60,CKJO - £69,999 £70,(M)0 - £79,999 £80,(M)0 . £89,999 £90,CM)0 . £99,999 £100,000- £109,999 £110,000 - £119,999 £150,000- £159,999 16 Employers pension contribLrtions in respect of the 212023: 251 employees were £16,06812023'. £135.025}. The average weekly number of employees {full-time equivalent) during the period was as follows.. Year ended 31 March 2024 No. 18-month period ended 31 March 2023 No. Support Charttable activtties Cost of raising lunds Living Streets Setvices knmited 72 85 90 52 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 Staff costs and nurnbers {continued} The average head count for the year was 95 {2023: 991. The Key Management Personnel in charge of directing. controlling. running and operating the charity on a day- lo-day basis comprise the Trustees together wtth the Chief Executive, Director of Finance and Resources, Director of Policy and Communications, Assistant Director of Local lrnpact, Acting Director of Fundraising and Development, Head of Major Projects, Head of Commercial Development, and Head of People. The total remuneration payable lo Key Management Personnel during the year was £493,166 118-month period.. £716.1151. Redundancyrterrnination payments During the period, contractual termination benefits totalling £47,274 12023.. £33,710) and non-contractual termination benefits of £322 {2023: nil} were paid in full to members of staff12023.' hvol. Taxation The charilable company is exempl from corporalion tax as all its income is charilable and is applied for charitable purposes. The subsidiary distributes profrts to the charity so has no charge lo corporation tax. Tanglble fixed assets The group and charity Office furniture and equipment equipment Total Cost Brought forward Disposals Closing balance 32.438 (20,1251 12,313 127,790 1126,2951 1,495 160,228 146,420 13.808 Depreciation Brought forward Charge for the year Disposals Closing balance 24,373 2.895 20,125 7.143 127,198 370 126.295 1,273 151,571 3,265 146,420 8,416 Net book value At 31 March 2024 5,170 222 5,392 At 31 March 2023 8.(￿5 592 8,657 Disposals relate to fully depreciated office fftmenls at our previous offices at 2 America Square and fully depreciated IT equipment that ￿e no longer in use. 10. Investments The group and charity Asat31 March 2024 Asa131 March 2023 Market value brought forward Unrealised gainlllossesl Market value carried foThvard 211,002 23.946 234,948 212,276 11,2741 211,002 Historic cost of investsnents 59.734 59,734 53 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 10. Investments (continued) Asat31 March 2024 Asat31 March 2023 M&G Charifund units COIF Fixed Inleresl shares COIF Accumulation shares 1,372 21,484 212,070 234.926 1,372 20,573 189,057 211,002 The above investment assets are all in the UK. 11. Subsidiary undertaking The charitable company owns the whole of the issued ordinary share capital of Living Streets SeNices Limited (Company number.. 074714061, a company registered in England and Wales. The subsidiary is used primarily for non-primary purpose trading activities. All activtties have been consolidated on a line-by-line basis in the statement of financial activtties. Available proffts are distributed to the charitable company. A summary of the resutts of the subsidiary is shown below.. 18-month period ended 31 March 2023 Year ended 31 March 2024 Turnover Cost of sales Gross profft 1,420,563 883,935) 536.628 1,500,747 11,063,712) 437,035 Administrative expenses (67,908) {122,1961 Operating profft Retained earnings at the beginning of the year Distribution Retained profit for the financial year 468,720 314,839 314,838 468,721 314,839 434,449 434.449 314,839 The aggregate of the assets. liabilities and funds was.. Assets Liabilities Funds 886,159 417,438 468,721 923,955 609.116 314,839 The turnover and expenditure shown above includes all of the subsid1a￿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 and purchases. 12. Stock The group Asat31 Mar¢h 2024 The charity Asat31 March 2024 Asat31 March 2023 Asat31 March 2023 Stock & Work in Progress Alowance for Obsolete Stock 91.630 15,864 75,766 202,783 44,618 158,165 5,120 725 4,395 29,365 20.167 9,198 The value of stock expended in the SOFA is £478.59712023'. £745,075) 54 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 13. Debtors The group Asat31 March 2024 The charity Asat31 Asa131 March March 2024 2023 Asat31 March 2023 Trade debtors Less.. provision for doubthjl debts 520.922 (1,861) 519.061 279,983 (2,5901 277,393 379.111 146,131 {7291 145,402 379,111 Prepayments and other debtors Rent deposit Accrued income 145,699 14,880 381,438 270,215 53,911 238,306 14,880 381,438 53.911 238.306 915,439 569,670 921,128 707,834 Trade debtors are stated after provisions for impaimient of £1.861 {2023.' £2,5￿1. 14. Creditors: amounts due wilhin one year The group Asat31 March 2024 The charity Asat31 Asat31 March March 2024 2023 Asat31 March 2023 Note 16 Bank loans Trade creditors Taxation and social security Accruals Arnount due to subsidiary undertaking VAT Payable Deferred income 24,221 118,192 128,451 116.385 24,221 98,326 128,451 112,785 40,988 76,265 50,000 531,036 100.795 144.018 106,696 66,711 144.018 99,596 516,651 58,364 1,269,999 2,155,339 94.280 212,675 694,204 1,377,669 1.783,664 Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand. Deferred incorne The group Asat31 March 2024 The charity Asat31 Asat31 March March 2024 2023 8at31 March 2023 Opening deferred income Deferred income released from previous years Income deferred in the year 212.675 86,916 {212,675) 1.377.669 186.916) 212,675 {50.000} 1.269.999 50,000 Balance carried forward 1.377,669 212,675 1,269,999 50,000 Deferred incorne relates to income received in advance for projects that are to be carried out in future periods. 15. Credltors: amounts due after more than one year The group Asat31 March 2024 The charity Asat31 Asat31 March March 2024 2023 Asat31 March 2023 Note 16 Bank loans 32,591 32,591 55 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 16. Loans The group Asat31 March 2024 The charity Asat31 March 2024 Asat31 March 2023 Asat31 March 2023 Brought fotward Fleceipts during the year Repayments Carried lorward 56,812 56,812 60,000 13,1881 56,812 56,812 {3,1881 56,812 56,812 Payable within one year Payable after one year 24,221 32,591 56,812 24,221 32,591 56,812 In Ihe previous perii)d the Charity took out a loan which was unsecured, attracted interest at 6.5% per annum and was due lo be repaid in full on 25 o￿ober 2025. In agreement with the bank, the loan was repaid in full in February 2024. Total interest expense for the year ended 31 March 2024 is £2.867. 17. Provisions The group Asa131 March 2024 The charity Asa131 March 2024 Asat31 March 2023 Asa131 March 2023 Brought fotward Fleleased during year Provided for during year Balance carried forward 32,429 132,429) 32,429 132,4291 We occupied two office spaces during the year at 133 Whitechapel High Sireet London E1 7QA11 April 2023 to 31 January 20241 and 240 City Road. London EC1V 2PR11 February 2024 to 31 March 20241. We do not have any dilapidations provision for the year ended 31 March 2024 as was the case in previous years. 18. Analysls of net assets between funds Asat31 March 2024 Asat31 March 2023 Designated funds General funds Tangible fixed assets Fixed asset investments Current assets Liabilities Net assets at the end of the year 5,392 234,926 2,078,812 1,783,664 535,466 5,392 234,926 2,078,812 1,783,664 535,466 8,657 211,002 1,9&3,461 26.795 1,456,325 56 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 19. Movements In funds 2024 At the start ol the period 11 April 20231 Gainsl Ilossl on investments Transfers Between Funds At tho ond ol the perlod {31 March 2024} Group Income Expenditure Restrlcted funds: Cycling Scotland Social Housing Fund 2022-23 Scotland Street Audit Evaluations- Transport Scotland Walk To School Outreach 2022-23 Tackling Loneliness with Transport FLJnd (Walking Conne¢ts 2022-231 Playful Streets- Play Scotland Partnership Local Cycling and Walking Infrastructure Plans ILCWIPsl12022-231 Walk To School Outreach 2021-22 Merton School Streetscapes European Climate Foundation Grant 2022-23 Pedestrian Pound study and scoping workshop in Scotland - Path5 lor Al Cerdded i Ysgol Cymru 2023-2025IIWalk to School Wales 2023-2025IIWelsh Government Cycling Scotland Soclal Houslng Fund 2023-24 Walk To School Outreach 2023-24 Stars National Award Scheme Scottlsh Government Scotland Walking Natlon 2023-2024 Scottish Government Scotland Walking Nation 2022.2023 Paths lor All Active Nations Fund Common Access European Union European Cllmate FoLJndallon Grant 23-24 Walking Friends Wales Inclusive Design Research ffransport Scotland I Scottish Government) Total r08trlcttrd fund8 20,295 20,866 400,084 172,777 16,274 14,997 19,530 36,398 27,780 3,766 I24,(￿1) 120,8661 1400,0841 1172,7771 116,2741 114,9971 119,5301 136,3981 7,019 79,592 3￿,739 134,7991 135,&381 1343,6681 125,1211 11,901,402) 1200,0001 14e3,9911 140,0161 1134,3141 11,0291 116,9781 15,6211 20,956 3,912,122 43,954 47,071 34,675 2,000,000 200,000 4e3,991 40,016 134,314 1,029 16,978 9,554 98,598 5,621 20,956 3,376,677 729,001 5,621 Unre$trlded lund8: D6signkt6dlunds.' Lagacy Fund Stabilisation Fund Flevalualion reserve Reserve Fund Tolaldesignatedlunds General funds Total unre8trl¢ted funds 34,812 44,285 151,268 550,000 780,365 53,041 727,324 134,8121 138,6641 1151,2681 550,000 1774,7441 1,327,770 2,102,514 15,6211 15,6211 1,693,154 1,693,154 23,946 23,946 336,289 336,289 5,821 Total fun(Is 1,456,325 5,069,831 6,014,636 23,946 535,466 57 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 19. Movements In funds 2023 At the start of the period 11 October 20211 At the end of the period 131 March 20231 Gainsl (Lossl on investments Transfers Between Funds Group Income Expenditure Restrlcted funds.. Scottish Government Scotland Walking Nation Cycling Scotland Social Housing Fund 2020-21 Cycling Scotland Social Housing Fund 2022-23 Scotland Street Audit EvalLJations- Transport Scotland Walk To School Outreach 2022-23 Walking Back To School Travel Tracker 19-20 Tackling LonelSness w5th Transport Fund (Walking Connects 2022-231 Playful Streets- Play Scotland Partnership Inclusive Design Research ￿ranS￿rt Scotlandl Out and About N Lanarkshire IPalh8 lor All & Scotland Lov88 Locall City Bridge Trust Local Cycling and Walking InlrastructLJre Plans ILCWIPsl12017-191 Local Cycling and Walking Infrastructure Plans ILCWIPsl12020-211 Local Cycling and Walking Inlraslructur8 Plans ILCWIPsl12022-231 Walklng Frlends Wales Cardiff Streets lor Health Stars National Award Scheme Yn Awyr Agored Mon IKyttin Williams Walking Trail) Walk To School Otjtreach 2021-22 Walk To School Outreach Digital Project Walk To School Outreach- Slips, Trips and Falls Research Project Merton School Streetscapes Transport S¢olland Inclusive Streets 2021-23 Social Housing Partnership FLJnd lor Improved Cycling & Walking Faeilitlgs European Climate Foundation Grant 2021-22 European Climate Foundation Grant 2022-23 Tran5POrt Scotland Walking Nation 2021-22 Totsl r08trlet•d funds 514,187 1514,1871 114,7641 17,5741 126,8841 11,608,916) 14,4621 11,9931 1324,4361 129,7261 174,2841 140,9631 163,6861 16931 1127,0001 14,764 27,869 47,750 2,009,000 20,295 20,866 400,084 4,462 1,993 497,213 46,000 74,284 40,963 58,284 172,777 16,274 5,402 693 127,000 15,000 68,130 14,997 5,074 11,962 190,9051 111,9621 1270,0001 15,3691 1,481,670) 1335,6001 198,1921 12,5181 1145,2461 125,1601 140,6421 17,701 270,000 5,389 1,501,200 335,600 98,192 38,916 15,300 25,160 20,153 19,530 36,398 129,946 20,489 27,971 142,745 4,116,831 27,780 23,844 2,108,104 166,589 5,513,635 17,701 729,001 Unrestrlcted funds: Design&fedfunds.' Devèlopment fund Hardship fund Legacy Fund Stsbilisation Fund Rgvaluation resorve Reserve Fund rotaldesignaledfunds Generalfvnds Totsl unre$tri¢ted fvnd$ 96,080 4,374 100,000 99,307 152,542 550,000 1,(NJ2,303 662,415 1,664,718 174,3861 14,3741 115,1881 121,6941 1 CKI,OC 1150,0001 155,0221 34,812 44,285 151,268 550,000 780,365 53,041 727,324 11.2741 100,000 2,537,098 2,637,098 193,9481 3,461,569 13,555,517) 11,2741 1226,7161 209,015 117,7011 11.2741 58 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 19. Movements In funds 2023 At the start of the period 11 October 20211 At the end of the period 131 March 20231 Gainsl (Lossl on investments Transfers Between Funds Group Income Expenditure Total funds 3,772,822 6,753,929 9,(￿9,152 1,274 1,456,325 19. Movoments In funds 2024 At the start ol the period 11 Aprll 20231 At thè and of the perSod 131 March 20241 Transfers Between Funds Gains on Investmgnts Charlty Income Expenditure Restrlcted fundB: Cycling Scotland Social Housing Fund 2022-23 Scotland Street Audit Evaluations- Transport Scotland Walk To School Outreach 2022-23 Tackling Lonelin8SS With Transport Fund (Walking Connects 2022.231 Playful Streets- Play Scotland Partnership Local Cycling and Walking Infrastructure Plans ILCWIPsl12022-231 Walk To School Outreach 2021-22 Merton School Streelscapes European Climate Foundation Grant 2022-23 Pedestrian Pound study and scoping workshop in Scotland- Paths lor All Cerdded l Ysgol Cymru 2023-20251IWalk to School W81es 2023-2025iIWelsh Government Gycling Scotland Social Housing Fund 2023-24 Walk To School Outreach 2023-24 Stars National Aw8rd Scheme Scottish Government Scotland Walking Nation 2023-2024 Scottish Government Scotland Walking Nation 2022-2023 Paths for All- Active Nations Fund Common Access European Union European Climate Foundation Grant Walking Friends Wales Inclusive Design Research (Transport Scotland I Scottish Govemmentl Total re8trlcted fundi 20,295 20,866 400,084 172,777 16,274 14,997 19,530 36,398 27,780 3,766 124.0611 120,8661 1400,0841 1172,7771 116.2741 114,9971 119,5301 138,3981 7,019 79,592 390,739 34,675 2,(KlO,(KIO 200,000 483,991 40,016 134,314 1,029 16,978 134,7991 135,8381 1343,66ei 125,1211 11,901.4021 1200,0001 1483,9911 140,0161 1134,3141 11,0291 116,9761 15,6211 20,95 3,912,122 43,954 47,071 9,554 98,598 5,621 20,956 3,376,677 729,001 5,821 199,177 Unrestrlcted fun(Is'. Designaledfunds.. Legacy Fund Stabilisation Fund Revaluation reservg Reserve Fund rotal designatedfunLts Generallunds 34,812 44,285 151,268 550,0(X) 780,365 367,879 134,8121 138,6641 1151,2681 550,000 1774,7441 1,266,397 15,6211 15,6211 1,477,898 23,946 132,432 59 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 19. Movements In funds 2024 At the start of the period 11 April 20231 At th? ¢nd ol th• p•rlod 131 March 20241 Transfers Between Funds Gains on investments Charlty Income Expenditure Totsl unrestrl¢t•d lund$ Totsl lunds 412.486 1,141,487 1,477,898 4,854,575 2,041,141 5,953,263 23.946 23.946 5,621 132,432 66,745 19. Mov•m•nt8 In fvnds 2023 At the start ol the period 11 October 20211 Transfers Bètween Funds At the end of the period131 March 20231 Gains on Investments Charlty Income Expendllure Re8trlctod fund8: Scottish Government Scotland Walking Nation Cycling Scotland Social Housing Fund 2020-21 Gycling Scotland Social HoLJsing Fund 2022-23 Scotland Street Audit Evaluations- Transport Scotland Walk To School Outreach 2022-23 Walking Ba¢k To School Travel Tracker 19-20 Tackling Loneliness with Transport Fund (Walking Connects 2022-231 Playful Streets- Play Scotland Partnership InclLJsive Deslgn Fles98rch (Transport Scotlandl Out and About N Lanart(shira IPaths lor All & Scotland Lovés Locall City Bridge Trust Local Cycling and Walking Infrastructure Plans ILCWIPs112017-191 Local Cycling and Walking Infrastructure Plans ILCWIPsl12020-211 Local Gycling and Walking Inlrastrueture Plans ILCWIPsl12022-231 Walking Friends Wales Cardiff Streets lor Health Stars National Award Scheme Yn Awyr Agored Mbn (Kyffin Willlams Walklng Trail) Walk To School Outreach 2021-22 Walk To School Outreach Digrtal Project Walk To School Outreach- Slips, Trips and Falls Resgar¢h Project Merton School Streetscapes Transport Scotland Inclusive Streets 2021-23 Social Housing Partnership Fund for Improved Cycling & Walking Faciifties European Clitnato Foundation Grant 2021-22 European Climate Foundation Grant 2022-23 Transport Scotland Walking Nation 2021-22 Total re8tricted funds 514,187 1514,1871 114,7641 17,5741 126,8841 11,608,916) 14,4621 11,9931 1324,4361 129,7261 174,2841 140,9631 163,6861 16931 1127,0001 14,764 27,869 47,750 2,009,OCKJ 20,295 20,866 400,084 4,462 1,993 497,213 48,000 74,284 40,963 58,284 172,777 16,274 S,402 693 127,OCQ 15,000 68,130 14,997 5,074 11,962 190,9051 111.9621 1270,0001 15,3891 11,481,670) 1335,6001 198,1921 12,5181 1145,2461 125,1601 140,6421 17,701 270,OCKJ 5,389 1,501,200 335,600 98,192 38,916 15,300 25,160 20,153 19,530 36,398 129,946 20,489.CKJ 27,971.(X) 142,745 4,116,831 27,780 23,844 2,108,104 166,589 5,513,635 17,701 729,001 60 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 19. Movements In funds 2023 At the start ol the period 11 October 20211 Transfers Between Funds At the end of the period131 March 20231 Gains on investments Charity Income Expenditure Unrestrlcted fund8'. Designatedfunds.. Development fund Hardship fund Legacy Fund Stabilisation Fund Revaluation reserve Reserve Fund Total dgsgnat66funds Generallunds Totsl unr£8trlct•d funds 96,080 4,374 100,000 99,307 152,542 550,000 1,QK)2,303 227,966 1,230,269 174,3861 14,3741 115,1881 121,6941 100,OLX) 1150,0001 155,0221 34,812 44.285 151,268 550,000 780,365 367,879 412,486 11,2741 100,0 2,529,873 2,629,873 193,9481 3,334,733 3,428,681 11,2741 1226,7161 209.015 17,701 1,274 Total lund$ 3,338,373 6.746.704 8,942,316 1.274 1,141,487 61 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 19. Movements in funds (continued) Purposes of restricted funds - These are funds provided to undertake specific projects of work. In the year to 31 March 2024, restricted funds included the following: 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. Evaluation of Road Safety Measures- This is a grant from Transport Scotland for assessing the adoption of Living Streets, Street Audit recommendations from 2014-19 across 16 localities in different local authority areas. compare implementation in deprived and non- deprived areas in terms of types of measures and adoption, form an understanding of why measures were or weren't adopted. reengage the local authorities to address barriers to implementation, particularly in the most deprived 1 OOA SIMD areas to contribute to relative casualty reduction targets in these areas. Walk To School Outreach 22-23 - is funded by Department for Transport to support 950 primary schools. children to walk to school, tackling barriers to walking and providing technical expertise and supporting Schools Streets and Low-traffic Neighbourhood schemes being delivered through Active Travel Fund (ATF). Walking Connects 2022-23 - Funding from Department for Transport for tackling loneliness to engage people aged 50+ in Bolton, Wigan, Lancashire, and Stoke on Trent, where data shows there are high levels of loneliness and deprivation and low walking rates. The project will aim to reach up to 2000 older people at risk of loneliness through walking activities and information resources. It will equip communities to promote walking by training up to 40 volunteer walk leaders and 55 Community Street Auditors who can assess and make recommendations about their local walking environment. facilitate access to 55 places for transport planners and operators and establish four Local Groups. Playful Streets - Play Scotland partnership - This Partnership is between Play Scotland and Living Streets Scotland to supporting summer of play activities with schools and communities through increased use of streets for play, increased empowerment of child's right to play, increased parental confidence to support children to play out and increased confidence of parents to allow children to play outside. 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. WTSO 2021-2022 is funded by Department for Transport to support 1,050 primary schools, children to walk to school, tackling barriers to walking and providing technical expertise and supporting Schools Streets and Low-traffic Neighbourhood schemes being delivered through Active Travel Fund (ATF). 62 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 19. Movements in funds (continued) Merton School Streetscapes- This project supports WOW in three schools of Merton and provide a robust, long-lasting thermoplastic road mural (delivered by contractors but design work is from sessions with children and developed by an artist). engage the community to paint a pavement mural and design activities. We refunded £38,398 to Merton as the project could not be completed due to non-completion of the technical specifications of school street murals. European Climate Foundation 2022-23 This grant is in the Cross-cutting sector and is designated to empower the voice of local community groups to call for change to their local streets during an election year. Working with marginalised communities we will share best practice on creative engagement methodologies. Pedestrian Pound study and scoping workshop in Scotland - Paths for All, Rees Jeffreys Road Fund and Foundation for Integrated Transport. This project makes the business and economic case for walking by investing in town centres and urban neighbourhood walking infrastructure in relation to a wide range of policy goals. Cerdded i Ysgol Cymru 2023-20251(Walk to School Wales 2023-2025)/Welsh Government - This is funding from the Welsh Government to deliver two-year national Walk To School programme engaging 170 primary schools and 21 secondary schools each year with coordinator support until March 2025 and WOW resources only until July 2025. Social Housing Partnership Fund for improved Cycling & Walking Facilities - This is a continuation of the Social Housing Partnership Fund to work collaboratively with Registered Social Landlords (RSL) landlords and their tenants and (where appropriate) other residents, local stakeholders. Scottish Active Travel partner organisations and professional bodies to review conditions for pedestrians around properties managed by RSLs- prioritising sites where new development is taking place and produce reports detailing findings. Walk To School Outreach 23-24 - is funded by Department for Transport to support 1.200 primary schools, children to walk to school, tackling barriers to walking and providing technical expertise and supporting Schools Streets and Low-traffic Neighbourhood schemes being delivered through Active Travel Fund (ATF). Stars National Award Scheme - The Stars National Award grant is to deliver the Modeshift STARS Award Scheme programme which aims to create active travel behaviour change resources for schools, businesses, and local authorities. Transport Scotland Walking Nation 2023-24 - Transport Scotland Walking Nation is a project to encourage and enable healthy and enjoyable walking habits for life, achieving modal shift from less active to more active, low carbon journeys with Local Authorities, Regional Transport Partnerships (RTP)and other partners to support schools with WOW, walk to school challenge. Scottish Government Scotland Walking Nation 22-23 - 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. 63 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 19. Movements in funds (continued) Paths for All Active Nations Fund This project will influence active travel behaviour change in parentslschoolslcommunities the Scottish Borders and South Ayrshire for school and community short journeys. Common Access European Unionllnnovate UK provide This is a project with a consortium of mainly academic partners to develop recommendations and models to improve accessibility and transport systems for suburban/ boundary city communities. European Climate Foundation 2023-24 This grant is in the Cross-cutting sector and is designated to empower the voice of local community groups to call for change to their local streets during an election year. Working with marginalised communities we will share best practice on creative engagement methodologies. Walking Friends Wales - Funding from the Sport Wales Healthy and Active Fund to enable older people aged 50+ to increase activty through walking and taking part in led group walks. Transport Scolland Inclusive Streels 2021-23 - This project supports the delivery of the Inclusive Streets Design Research that would benefit the community and the schools-based initiatives to promote walking. Purposes of designated funds. These are the funds that the Trustees have set aside for a specrfic purpose in previous years. During the current year, the Trustees undesignated these funds. Stabilisation fund denotes amount set aside to facilitate a smooth transition from the end of the current funding cycle to the next. As at 31 March 2024 this fund had a nil balance. 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. The project ended in September 2023. As at 31 March 2024 the legacy fund has a nil balance. Revaluation reserve - represents the unrealised gain included within investments. During the current year, the balance has been reclassified as general funds. Reserve fund - denotes the amount that was prudently set aside to enable an orderly winding up of the charity's affairs in the unlikely event this should be required. During the current year, the Trustees undesignated these funds and are being reported under general funds. 20. Operating lease commitments At 31 March, the charity did not have any non-cancellable operating leases. 21. Related party transactions Living Streets Services Ltd (Company Registration number 07471406) is a wholly owned subsidiary of Living Streets. 64 LIVINGSTREETS.ORG.UK Notes to the financial statements (continued) For the ear ended 31 March 2024 21. Related party transactions (continued) The subsidiary sold goods worth £890,474 (2023: £1,059,073) to the charity on normal commercial terms and reported a profit of £468,720 on all its activities for the year ended 31 March 2024 (2023.. £314,838). An amount of £516.651 was owed to the subsidiary at year end. The son of a Key Management Personnel member was employed by the Charity during the year. Payments that were made to him during the reporting period amount to £28,220 (2023.. £22,334). 65 LIVINGSTREETS.ORG.UK