D[UsIgn Envelop8 ID.. 834EOF88-ADC9448E-8D3D-7E7D78B2E5FB AUTOMOBILE ASSOCIATION CHARITABLE TRUST FOR ROAD SAFETY AND THE ENVIRONMENT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 REGISTERED CHARITY NUMBER: 1125119
D[UsIgn Envelop8 ID.. 834EOF88-ADC9448E-8D3D-7E7D78B2E5FB AWOMOBILE ASSIXIATION CHARABLE TRU FOR ROAD WEfY AND THE ENVIRONMEr LEGALAND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 JANUARY 2024 TRuE[s EVKing R Purser S Ladley T Rich M Born J Fairclou8h A Edwards (Appointed l May 20241 L LÈÈ (Appointed l May 20241 A G051ing (Resigned 14 March 20241 D Macsporran (Resigned 14 March 20241 DIREcfoR EVKinE REGlSfERED OFFICE Level 3 Plant Basing View Basingstoke Hampshir RG214EA BANKERS Nat West Bank PIC Europa HOUSÈ 49 Sandgate Road Folkestone Kent cr20 IRU INDEPENDENT EXAMINER David Boosey BAIHonsl CA MHA Chartered Accountants Victoria Court 17-21 Ashford Road MaidstonÈ Kent ME14 5DA REGISTERED CHARITY NUMBER 1125119
D[UsIgn Envelop8 ID.. 834EOF88-ADC9448E-8D3D-7E7D78B2E5FB AOmOlLEAS5OcIATION cHARALE TRUST FOR ROAD SAFETY ANO THE ENVIRONMENT REPORTOF THE TRUSfEES FOR THE YEAR ENDED 31JANUARY 2024 The Trustees present their report along with the financial statements of the Charity for the year ended 31 January 2024. The financial Staternent5 have been prepared in accordance with the accounting policies Set out in Note I to the financial statements and comply with applicable law and tho requirÈmÈnts of thÈ StatemÈnt of Recommended Prattice. "Accounting and Reporting by Charities" issued March 2005 and the Charity's Trust Deed. TRUSTEES The Trustees are stated on page 2. Appointment of Trustees is governed by the Trust Deed of the Charity. CONSnTUTION. OBJECTS AND POLICIES The Automobile Association Charitable Trust for Road SafÈty and thÈ Environment is constitutÈd by Trust Deed dated 30 January 2(K>8 and commenced its activities on the 4 April 2(KJ8 for the benefit of exclusively charitable purposes according to the Law of England and Wales and charitable institutes established for charitable purposes. The Trustees must apply the income of the Charity in furthering the following objects- the advancement of health and the environment, and saving of lives by the prevention of personal injury to. and death of. individuals on roads and in motor vehicles in the United Kingdom through educating road user5 in road safety, carnpaigning on i55ue5 of road safety and Pfotnoting understanding and awarene55 of road safety, in whatever manner thÈ Trustees consider appropriate to achieve suth Objetbs. The Trust is funded by the AA Group of companies and the Trustees delegate the day-to-day responsibility and administration to sraff whose employment costs are met by Automobile Association Developments Limited The Trustees meet as often as netessaryto fulfil their responsibilities. AcnvmES UNDERTAKEN AND ACHIEVEMENTS The Tru5tee5' strategy was to continue promoting existing carnpaigns including Caitlin'5 Me55age (Rural. Young Driversl and Think Bikes, while developing the planned Seatbelt carnpaign. Trustees we¥e also keen to continue to help care leaver5 learn to drive. Helping teenager5 in care ThÈ AA Trust tontinuÈd to support èntl promote the bendits of helpinE teenagèrs in taTÈ and taT@ leèvers to learn to dTlVe. In November 2023 Trustee5 agreed to give a one-off donation to the charity live Unlimited, which they Secured match funding for. Thi5 monÈy was rinE fÈntÈd to help delivÈr Livè UnlimitÈd's Driving AhÈad sthemÈ, whith funds tare leavers. driving lessons. LfvÈ Unlimlted facÈd additional thallenges during Ff24 due to the tontinued long waiting times for a driving test. The AA Charitable Trust advised Live Unlimited on the issue and helped raise awareness of it in the media with some high-profile stories. In May 2023. Trustees agreed to fund £10.10) worth of M Theory Test Apps for care leavers. This was in response to the need shown duringthe Trust's original pilot of funding driving le550n5 for caie leaver5 which highlighted the theory test a5 a particular stutnbling block for many. Funding the app allowed the Trust to help a greater number of care leavers tomparÈd to funding driving lessons duÈ to the lower costs. A p3rtner was needed to disseminate the free apps. and the Trust began working with the Qre Leaver Covenant charity in late 2023 to prepare for a launch in February 2024. This work will be a key part of theTrusVs work in FY25. Seatbelts In 2023 the AA Charitable Trust 155ued a number of media cornments highlighting the 40th anniversary o15eatbelt legislation in the UK. This work was done to keep the topic warm in the media while behind-the-scenes work on a full campaign progressed. The Trust worked with First Car to reseaTch attitudes to seatbelt wearing arnong young driver5, both as drivers and as passengers. The rÈsults of this rÈse3rch wÈrÈ dÈlivÈred in June 2023 and wÈrÈ used to hÈlp infom thÈ crÈativÈ briefing of The GatÈ agÈncy. During the year a number of meÈtin8s were held with The Gate agenry. Trustees decide upon a favorÈd campaign idea, which centÈred around 8 proposed partnership with McDonald's. This partnership. or an alternative creative, will be 8 focus for FY25126. In FY25 the Trust will follow on from its seatbelt anniversary work with a data-based media story highlighting the importance of wearing a seatbelt.
D[UsIgn Envelop8 ID.. 834EOF88-ADC9448E-8D3D-7E7D78B2E5FB AOmOlLEAS5OcIATION cHARALE TRUST FOR ROAD SAFETY ANO THE ENVIRONMENT REPORTOF THE TRUSTEES FOR THEYEAR ENDED 31 JANUARY 2024 IntInued) ACTIVITIES UNDERTAKEN AND ACHIEVEMENTS Icontinuedl Youn& Rurdl Driver5 Tru5tee5 continued to run the Young. Rural Drivers campaign through the ongoing promotion of Cattlin's Me55age. Edrnund King and Caitlin'5 rnother gave a talk to Wèrwick5hire Safe Roads Partnership at an online seminar in early 2023. Think Bikesl TrustÈÈs bÈEan plannine a media story for Think BikÈs 10th anniversary. which will frdll in early FY25. The Trust plans to rengag@ with some of the high-profile supporters of the Think Bikes launch. TrustÈÈs ensured all new AA vans still havÈThink Bike sti£kÈrs placed on them. Looklng ahead The focu5 for the coming year will be working with The Gate on the Seatbelt carnpaign.. ensuring there is support for the carnpaign frorn partners as well as developing research for the campaign. Trustees will also fc*us on the roll-out of the free AA Theory Test Apps for care leavers through its Partnership with the Care Leavers Covenant. The Trust is also developing a campaign around Graduated Driving Licences to help reduce the disproportionate number of deaths and serious injuries to young drivers and their passengers. Going cortrN The Trustees have performed an assessment of cash in hand and the level of reseNes and income expected to be received in relation to expected expenditure. Based on this and having regard to the resources available to the charity. the Trustees have concluded there are no aterial uncertaintie5 and they can continue to adopt the going concern ba515 in preparingthe annual report and account5. FINANCIAL REVIEW The incoming resources on the Unrestritted Fund ft>rthe yearatnounted to E74.287 and Re5trirted Funds of £nil. Duringthe year £85,200 of Unrestricted Funds w35 expended for direct charitable purposes and Enil expended for Restricted Funds. At the year end E180,951 remains in the Unrestricted Fund for future charitable giving and to meet the costs OF running the Charity. STATEME OF TRUSTEES RESPONSIBILMES The Trustee5 are responsible for preparing the Trustees, report and the financial Statements in accordance with applicable law and United Kingdorn Accounting Standard5 (United Kingdom Generally Accepted Accounting Prarticel. The law 3pplicablÈ to charities in England & WalÈs requires the TrusteÈs to prÈpare financial statements for Èach financial year which give a true and fair view of the state of affairs of the Charity and of its incomiThg resources and application of resources, including its income and expenditure, for that period. In preparing these financial Statements. the Trustees are required to.. lal select 5Ultable accountlllg policies and applythem con515tently- Ibl obsÈrvÈ thÈ methods and printiplÈs of the Charities SORP IFRS 1021,. Icl make judgements and accounting estimates that are reasonable and prudent., Idl state whether applicable UK 3ccounting standards IFRS 1021 have been followed, subject to any tnaterial departures disclosed and Èxplained in thÈ financial statements.. and lel prepare the financial 5taternents on a going coniern basis Unle55 it Is InappropTlate to presurne that the Charitywill continue in operation. The Trustees arÈ rÈsponsible for kÈÈping adÈquatÈ attounting rÈtords that are suffitient to show and explain tho Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements complywith the Charities Act 2011. the Charity (Accounts and Reports) Regulation5 21J)8 and the provisions of the Trust deed. They are a150 responsible for safeguarding the a55ets of the Charityand hencefortaking reasonable steps forthe prevention and detection of fraud and other irrÈEularitiÈs. RISK MANAGEMENT The Trustees attivÈly rl@W thÈ major risks which the CharityfatÈs on a r@gular basis and bÈlievÈ that maintaining rèserves at turrÈnt levels, combined with an 3nnu31 review of the controls over key financial systems. will provide sufficient resources In the event of adverse conditions. The Trustee5 have also examined other operational and busines5 risk5 faced by the Charity and confirm that they have e5tabli5hed 5YStern5 to rnitig4te the significant risks. RESERVES POLICY It is the policy of the Charity to maintsin Unrestricted Funds at a level to meet unrestricted expenditure budgeted for the subsequent year. The Tru5tee5 confirrn that they con5iderthat they have adequate assets availableto rneet the Charity's obligations.
D[UsIgn Envelop8 ID.. 834EOF88-ADC9448E-8D3D-7E7D78B2E5FB AOmOlLEAS5OcIATION cHARALE TRU FOR ROAD SAFETY AND THE ENVIRONMENT REPORTOF THE TRUSTEES FOR THEYEAR ENDED 31 JANUARY2024 Icontinuedl INVESTMENT POWER5 The Trust Deed authorises the Trustees to make and hold investments usingthe general fund5 of the Charity. PUBIIC BENEFIT The Trustees have complied with Settion 4 of the Charities Att 2( to have due regard to guidance published by the Charity Commission. By Order of the Trustees t)ocuSvJMd .10F856A4I4l6 A Edward5 EVKing Trustee Trustee 2024 2024 Level 3 Basing View Basingstoke Hampshire RG214EA
D[UsIgn Envelop8 ID.. 834EOF88-ADC9448E-8D3D-7E7D78B2E5FB INDEPENDENT EXAMINER'S REPORTTO THETRUSTEES OF AUTOMOBILE ASSOCIATION CHARITABLE TRUST FOR ROAD SAFETY AND THE ENVIRONMENT I report to the charity Trustees on rny examination of the accounts of the Charity for the year ended 31 January 2024 which are set out on page5 7 to 11. Responsibilities and basis of report As the Trustees of tho Charity you are responsiblÈ for the preparation of the accounts in accordantÈ with the requirements of thÈ Charities Act 20111'the 2011 Act'l. I report in respect of my examination of the Charity'5 auounts carried out under section 145 of the 2011 Act and in carrying out rnv examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl ol the 2011 Act. Independent examinerfs statement I havÈ tompletÈd my examination. I confirm that no matters have tome to my attÈntion in tonnottion with the Èxamination giving me cause to believe that in any materi31 respect.. l. accounting record5 were not kept in respect of the Charity as required by5ection 130 of the 2011 Art- or 2. the accounts do not accord with those records- or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 21J)8 other than any requirement that the accounts give a 'true and fair, view which is not a Matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the exarniThation to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charitvs Trustees. as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work ha5 been undertaken so that I mighi state to the ChaTity's TTUStees those matters l atn required to state to them in an IndÈpendent Èxaminer's report and for no other purp)se. To thÈ fullest extent permitted by law. I do not accopt or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body. for my work or lor this report. Signed.. Dated.. 23.11.2024 David B005ey 8AIHonsl CA MHA Chartered Accountants Maidstone United Kingdom
D[UsIgn Envelop8 ID.. 834EOF88-ADC9448E-8D3D-7E7D78B2E5FB AUTOMOBIiEN550CIATION OIARITABLE TRUSTFOR ROAD SAFETY ANDTHE ENVIRONMENT STATEMENTOF FINANOALAcnvirES FOR THE YEAR ENDED 31 JANUARY 2024 Unrestrkned Funds 2024 Total FuThd5 2024 Total Funds 2023 Fund5 2024 INCOMING RESOURCES In£omin Resources from Generated Funds Income from.. DonatiQD5 Reimbursed costs Interest income 3.493 3.493 68.505 2.288 2,739 61,471 351 2.288 TOTAL INCOMING RESOURCES 74.286 74.286 64,561 RESOURCES EXPENDED Cost of Generated Funds 114.4451 168.5051 112501 114,4451 168.5051 12.2501 130.9211 161.4711 13601 Reimbursed costs Govern3nce costs TOTAL RESOURCES EXPENDED 85.2 92.752 NEf INCOMING RESOURCESAND NEfMOVEMENTIN FUNDS 110.9141 110.9141 128,1911 Balance brought forward l February 191.864 191.864 220,055 BALANCE CARRIED FORWARD AT 31JANUARY 180.950 180.950 191,864 CONTINUING OPERATIONS All income and expenditure arises from conrinuing operatn5_ TOTAL RECOGNISED GAINS AND LOSSES The Trust has no recognised gains or lesses otherthan the amounts Iluded aboveforthe current and prioryear.
D[UsIgn Envelop8 ID.. 834EOF88-ADC9448E-8D3D-7E7D78B2E5FB AUTOMOBIiEA550CIATION OIARITABLETRUSTFOR ROADSAFETY ANDTHE ENVIRONMENT STATEMENfoF FINANCIAL posmoN ASATYIJANUARY2024 2024 2023 CLIRRENT ASSFrs Cash at 8ank 195.360 195.360 199,024 199,024 CIIEDITORS -Amounts falling due within one year 114,4101 17.1601 NEfcuRRENT ASSEtS 180.950 191,864 191.864 REPRESENTED BY.. Unrestricted Fund5 Restrirted Funds 180.950 191,864 180.950 191,864 18 NUbtmDer2024 Approved by theTrustees on.............................. and Signed on iheir behall bv".- E V KinÉ- Trustee A Edwards-Trnsiee
D[UsIgn Envelop8 ID.. 834EOF8&ADC9448E-8D3D-7E7D7882E5FB AOMollEAS>aATI0N (MAABLE TRiJ5TFOR ROADWEfY ANDTHE E14VIRONMENT NOTES FORMING PART OFTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 JANLIARY 2024 I ACCOUNTING POUCIES Ba515 oIAccounting The AutomobileA550ciation Charftable Trust Is an unincorporated charttable trust re¥i5tered in En8land and E5tabli5hed under a Trust Deed dated 30 January 2008. The addre55 of the registered office is given in the charity information on page l of these financiil Statements. The nature of the charity'5 operations and principal activities are the advancement of health and the environment, and the saying of lives by the wevention of personal injury to. and death of, indiwduals on roads in motor vehicles in the United Kingdorn through.. education, campai8nin8 and prornoting. The charity constitutes 3 public benefit entity as defined by FRS 102 Section IA. The finantial statements have been prepared in accordance with Atcounting and Reporting bv Charities-. 51atemeni of Recommended Prartice applicable io chariries pfeparinE their accounts in accordance wrth rhe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 Section IA) leffective l January 20191. the Financial Rept>rting Standard applible in the United Kinsdotn and Republic of Ireland IFR5 1021 and the Charitil Act 2011. The charrcy has applied Update Bulletin l as published on 2 February 2016and does not include a tash flowstatementon the Èrounds that rf( is applying FRS 102 Section IA. The fin3ncial statements are prepared on a going conieTn basis urbderthe historical cost ionvention. The financial statements are presented in sterling which 15 the functional currency Df the charity and rounded to the nearest £. The significant accounting policies applied in the preparntion of these financial atementS are sth tyji below. These policies have been consistently applied to all years presented unless otherwise stated. Resources Arfslng- In¢ome All incominÉ resources are included in the statement of financial artmr1 when the Charity ts entiiled to the income and the amount can be quantified with reasonable accuracy. The following specific policie5 are applied to particular categories of income.. Donations are recoBnised 3$ income when any conditions associated With the donated item have been met. the receipt of economic benefit from the use by the Charity of the item 15 probable and the economic benefit can be rneasured Teliablv. Grants are recognised at f3ir value when the Charity has entiilement aftw any perfr*mance condirions have been met. it is probable rhat the income will be received and the amount can be measured reliably. If entitlement is not met then these amountsare deferred. Donations and Grants receivable, which do not relatetospecthccharitabk artmties. are categorised as donations. Donations and Grants receivable. which relate to specfic char8b1eaI1leS a categorised as ch3riiableactivities. Investtnent income is aicounted for when receivable. ResouKes Expended Expenditure is recogni5ed on an aicrua15 ba$ as a liabiltty 15 incued. Charitable expEndfture iomprise5 tl¥)se costs incurred by the Charity in the delivery of rt5 aitiwties and SeiCe$ for its beneficiaries. CharitBble activfties expenditure comprises Staff salary costs allributable to its actMtie5. Where costs cannot be directty attributed. they have bepn allocated to aitiwtie5 Oll a ba515 con515tent with the use of resources. Fund Accounting Unrestritted funds represent unrestricted Income and expenditurewhere thefvndstan be used atthe discrthion of theTrustees in furtherance of the objects of the Charity. Restrirted funds are subject 10 specific restricrions imposed by the donorin Ivrtherance of rhe objetts olthe Charity_These funds a held in Restricred funds. Investment income, Èains and losses are allocèted to the appropriatefund. Debtors Trade and other debtors are reco8ni5ed atthe settlement arnount afterarbytrade discount offered. Creditors and provisions are recogni5ed where the charity ha5 a present obligation TesU1n8 from a past event that will probab re5uk in thp tr3n5fer of funds to 3 third party and the amount due to Settle the obligation can be measured reliabty. Creditors and provisions are normally Tecognised at iheir selllernent amount after allowing for any trade diKounts due. Liabilities are recognised at the arnount that the Charity antKipaies it will paytosettlethe debt orthe amount il has received as 8dvanced payments for the goods or services it must provide.
D[UsIgn Envelop8 ID.. 834EOF8&ADC9448E-8D3D-7E7D7882E5FB AUTOMOBILEASSOaATION CHARITABLETRUSTFOR ROAD SAFETY AND THE ENVIRONMENT NOTES FORMING PART OF THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 IcontlTruedl Critical Accountin8 Estimatesand Areas of Judgements Estim3tes and judgements are continualty evaluated and are based on historal experience and other lactor5. including expectations of future events that are believed to be reasonable under the circumstances. No key judgements lapartfrom those invofving estimatesas disclosed in thenoies abo¥el have been made in the processof applying the above accounting policies. 2 INCOME Unrestrlrted Fwds 2024 Total Funds 2024 Tal Fut)ds 2023 2024 Donation5 BMP Warburg Pincus LLC 2A93 2.493 1,739 I,wo 2,739 3A93 3.493 Totol[ufids 2023 2.739 3 EXPENDITURE ON CHARffABLEAcfiwTIES UreStred Funds 2024 Total Funds 2024 T81 Fut)ds 2023 Funds 2024 Bank charges Care LeBvers Covenant Young rural drivers Live Unlimited Drive 5man 95 iO.LY 95 io.(¥x) 1,350 27D 1,590 5,QKIO 24,061 30,921 14.445 14,445 rotolfufids 2023 30,921 4 REIMBURSED COSTS Restrirted Fund5 2024 Unrestrirted Funds 2024 Total Funds 2024 Total Fund5 2023 Salary casts 68.$05 68.505 61,471 Totolfunds 2023 61.471 lary costs Bre calculated as a proportion of Director and staff time, reflecting the c05t of senrices provided to the Charity- All salary costs have been reimbursed by Automobile Iso(la[10n Developments Miled. 5 GOVERNANCE COSTS Unrettrfrted Funds 2D24 Total Funds 2024 Unrestrirted Funds 2023 Funds 2024 Independent Exatnination 36D rotalfufids 2023 10
D[UsIgn Envelop8 ID.. 834EOF8&ADC9448E-8D3D-7E7D7882E5FB AUTOMOBILEASSOaATION CHARITABLETRUSTFOR ROAD SAFETY AND THE ENVIRONMENT NOTES FORMING PART OF THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 IcontlTruedl 6 RELATED PARTY TRANSAcfioNS,TRUSTEES' REMUNERATION AND BENEFrrs A praportion of E V King'5 salary paid by Automobile A55ociation Development5 LimTted Is included wfthin reiTnbursed costs within note 4. During the current financial year, the trustee time reflected in the cost of senfices prowded tothe charity amounted to É46,94812023.. [45.1201 for operational purFx>ses. No other trustee remuneration or benefits were Incurred for the 2024 nor rhe 2023 financial year. Tree$, expenses During the year, E V King was reimbursed £3,OXI in relation to a donation mède onthe CharTty'S behalf to Live Llnlimited. Therewere no trustee expenses incurred in the year ending 31 january 2023. 7 TAXAnON The tTUSt is a reg15tered chartlyand i5therefore not Subject totaxat. 8 CREDITORS- Amounts fallinE due within oneyear 2024 2023 Accruals Other creditors 12,250 2.160 14,410 7.160 7,160 9 ANALYSIS OF MOVEMENTS ON FUNDS InmIng Re50urres Regourtes Balat)ce at Expended 01.02.2023 Balance at 31.01.2024 Unrestricted Funds Restricted Funds 74.286 185.2OJI 191.864 180,950 74.286 85.2(NJ 191.864 180,950 ANALYSIS OF MOVEMENTS ON FUNDS (PRIOR YEAR? Incomlng Re50urres Resourtes Balat)ce at Expended 01.02.2022 Balance at 31.01.2023 Unrestricted Funds Restricted Funds 64.561 192,7521 220,055 191,864 64.561 192.7521 191.864 163,674 Unrestricted Funds- Includes donations made principallyto support projerts whKh cannot be Classified within theTrust's main headinÉs. It also includes funds which have been don3ted in advance of any desnatIOn or restriction applied byoT notified tothe Trustee5. Restricted Fund- This fund include5 don3tion5 made in supFxrt of theyoung Rural DrNers projertofthe Trustwhich are restricted forthe specrfic purpose of thegrant provided. 10 ANALYSIS OF NET ASSETS ICURRENTYEARI Restricted Unrestricted Funds 2024 Totsl Funds Funds 2024 2024 Currenr Assets Creditors due within one ye3r 195.360 114.4101 180.950 195.360 114.4101 180.950 ANALY515 OF NET A55ETS (PRIOR YEAR) UrrIrted Funds 2023 Totsl Funds Funds 2023 Current Sets Creditors due within one year 199,024 17.1601 191.864 199,024 17.1601 191.864 11 ULTIW4TE CONTROLLING PARTY The Trustee5 arethe ultimate controlling party.