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2022-03-31-accounts

Charity Registration No. 1127577

Company Registration No. 06527979 (England and Wales)

SAFER ROADS FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

-RickardLuckin

SAFER ROADS FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

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||||||| |---|---|---|---|---|---| |Trustees|Michael|Woodford|MBE| |Anunciacion|Somavilla| |Stuart|Greengrass| |Michael|Thwaites| |Charity|number|1127577| |Company|number|06527979| |Registered|office|10|Queen|Street|Place| |London| |EC4R|1BE| |Independent|examiner|Rickard|Luckin|Limited| |Phoenix|House,|Suite|8| |Christopher|Martin|Road| |Basildon| |Essex| |SS14|3EZ| |Bankers|Metro|Bank|(Southend)| |Victoria|Business|Centre| |G19-G21|The|2NG| |208|London|Road| |Southend-on-Sea| |Essex| |SS1|1PJ| |Barclays|Bank|Plc| |1|Churchill|Place| |London| |E14|5HP| |Solicitors|Bates|Wells| |10|Queen|Street|Place| |London| |EC4R|1BE| |Website|http://www. saferroadsfoundation.org/|

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SAFER ROADS FOUNDATION

CONTENTS

Page
Trustees' Report 1-3
Independent examiner's report 4-5
Statement of Financial Activities 6
Balance Sheet 7
NotestotheFinancialStatements 8-14

SAFER ROADS FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The Charity's objectives are:

The implementation of engineering and other measures to improve safety on the highway.

To work with supranational, national, regional authorities and commercial organisations in the development of design standards affecting safety of the road users.

To increase public awareness of the issues affecting safety on the roads with the aim of changing attitudes through education, promotion and campaigning with other individuals and organisations with similar objectives.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

During the year, the Charity supported its partners to promote safety and implement various accident black spot prevention schemes covering many countries around the world, including the UK, Europe, Tajikistan, Kyrgyzstan, Kazakhstan, Moldova and India.

The Charity continued to provide grants and assist the work of the European Transport Safety Council (ETSC) and the Parliamentary Advisory Council for Transport Safety (PACTS).

The Charity has had an increasing focus on its three major campaigns to change vehicle-type and standards legislation around the world where, if successful, the reduction in fatalities would be in the tens of thousands. These are:

In following the Charity Commission’s guidance and to achieve the highest levels of good governance, the trustees continue to strictly adhere to their Grant Making, Expenses and Conflicts of Interest policies, and a comprehensive Memorandum of Understanding (MoU) is a prerequisite for each grant awarded by the Safer Roads Foundation.

As a result of the travelling restrictions due to the pandemic, overseas visits to the projects funded by the Charity were limited (with the exception of Europe), but video conferencing and the extensive use of photographic and video material has allowed the trustees to effectively manage and monitor the schemes, together with an ongoing scrutiny of the results achieved.

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SAFER ROADS FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

During the year, the Charity received donations of £254,771 (2021 - £629,753) from various donors and incurred expenditure of £369,343 (2021 - £1,150,533) on charitable activities. Overall, the reserves of the Charity decreased by £50,688 and at the year-end amounted to £1,186,208 (2021 - £1,236,747).

Reserves Policy

It is the policy of the trustees to maintain reserves in the Charity at a level to enable it to be administered efficiently, to meet its short-term expenditure requirements and to have adequate resources to fund its charitable objectives. In establishing this policy the trustees have considered the disposition of its incoming resources which are mainly derived from donations. The level of reserves is subject to periodic review when considering changes to the Charity's activities and requirements.

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to a minimum of three month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. At the year end, the reserves of the Charity were £1,186,208.

Risk Factors

Due to the nature of the Trust's expenditure and management of reserves, the trustees do not consider risk to be an element in the presentation of this report. Reserves are held in accounts with Metro Bank and Barclays Bank.

The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to these.

Plans for future periods

The Charity's plans for future periods are that of continuing with the current objectives and activities as described above.

Structure, governance and management

The Charity is a company limited by guarantee incorporated on 7 March 2008 and is governed by its Memorandum and Articles of Association. The Memorandum and Articles of Association were amended by special resolution on 19 December 2008 and subsequently on 19 September 2012 and 11 February 2019. The Charity was registered with the Charities Commission on 19 January 2009 with registration number 1127577.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Michael Woodford MBE Anunciacion Somavilla

Stuart Greengrass

Michael Thwaites

Trustee selection method

New trustees are appointed by the Board of Trustees.

All new trustees will be provided with an induction pack which includes the constitution of the Charity and guidelines on how to perform their duties as trustee. Further training will be given as and when necessary

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SAFER ROADS FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The Trustees’ Report was approved by the Board of Trustees.

Michael Woodford MBE Trustee Date: wh GLA [20 22.

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SAFER ROADS FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SAFER ROADS FOUNDATION

| report to the trustees on my examination of the financial statements of Safer Roads Foundation (the Charity) for the year ended 31 March 2022.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that | might state to the charity's trustees those matters | am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions | have formed.

Responsibilities and basis of report

As the trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

| Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the | Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under | section 145(5)(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent | examination can provide. Consequently | express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement. | Independent examiner's statement Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of ICAEW, which is one of the listed bodies.

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| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1 accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

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SAFER ROADS FOUNDATION

INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF SAFER ROADS FOUNDATION

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Rickardci olLuckin Limited Phoenix House, Suite 8 Christopher Martin Road Basildon Essex SS14 3EZ Dated: 20h. Nodenlnar 2ezZ

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SAFER ROADS FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

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Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2022 2021
Notes £ £
Income from:
Donations and legacies 2 318,464 787,191
Investments 3 191 2,390
Total income 318,655 789,581
Expenditure on:
Charitable activities 4 369,343 1,150,533
Netexpenditure forthe year/
Net outgoing resources		 (50,688) (360,952)
Other recognised gains and losses
Other gains or losses 10 149 (357)
Netmovement in funds (50,539) (361,309)
Fund balances at 1 April 2021 1,236,747 1,598,056
Fundbalancesat31March2022 1,186,208 1,236,747

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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SAFER ROADS FOUNDATION

BALANCE SHEET

AS AT 31 MARCH 2022

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2022 2021
Notes
£		 £ £ £
Current assets
Debtors 11
6,315		 10,410
Cash at bank and in hand 1,238,633 1,230,902
1,244,948 1,241,312
Creditors: amounts falling due within
one year 12
(58,740)		 (4,565)
Net currentassets 1,186,208 1,236,747
Income funds
Unrestricted funds 1,186,208 1,236,747
1,186,208 1,236,747
The company is entitled to the exemption from the audit requirement
2006, forthe year ended 31 March 2022.		 contained in section 477 ofthe CompaniesAct
The directors acknowledge their responsibilities for complying with the requirements
with respect to accounting records and the preparation offinancial statements.		 of the Companies Act 2006
The members have not required thecompany to obtain an audit of its
accordance with section 476.		 financial statements fortheyear in question in
Thesefinancialstatements havebeen prepared inaccordancé with theprovisionsappicable
to the small companies regime.
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| The financial statements have been prepared under the historical cost convention. The principal accounting | policies adopted are set out below.

SAFER ROADS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 i Ec a a

Charity information

Safer Roads Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 10 Queen Street Place, London, EC4R 1BE.

The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association dated 7 March 2008, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” ("FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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SAFER ROADS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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1.5 Expenditure

Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category.

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

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SAFER ROADS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.8 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/expenditure for the period.

1.9 Governance costs

Governance costs include costs of the preparation and examination of the statutory accounts, the costs of the trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

2 Donations and legacies

2022 2021
£ £
Donations and gifts 254,771 629,753
GiftAid tax reclaimed 63,693 157,438
318,464 787,191

3 Investments

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Unrestricted Unrestricted
funds funds
2022 2021
£ £
Interest receivable 191 2,390

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SAFER ROADS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

4 Charitable activities

Grants and Grants and
donations donations
2022 2021
£ £
Legal and professional fees 65,554 44,699
Meeting costs 397 -
65,951 44,699
Grant funding of activities (see note 5) 290,508 1,089,935
Share ofgovernance costs (see note 6) 12,884 15,899
369,343 1,150,533

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SAFER ROADS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5 Grants payable Grants and
donations
2022
Grants to institutions: £
European Transport Safety Council (ETSC) - Belgium:
Grant in support ofETSC’s activities, these principally being: identifying and promoting effective 44,685
measures on the basis of international scientific research and ‘best practice’ in areas which offer
the greatest potential for a reduction in transport casualties.
Eastern Alliance for Safe and Sustainable Transport (EASST) - UK:
Tajikistan: improve safety at 32 school sites and at specific compromised locations along the
Dushanbe-Kulob-Khorog-Murgab-Kulma highway, by the installation of70 x high-visibility		 7,240
advanced warning ‘Beware ChildrenAhead’ plaques and 235 x ‘Dangerous Turn’ warning
plaques.
Eastern Alliance for Safe and Sustainable Transport (EASST) - UK:
Tajikistan, Dushanbe: 2nd payment forZoo underpass renovation to provide safe pedestrian 12,804
crossing point beneath major highway.
Eastern Alliance for Safe and Sustainable Transport (EASST) — UK:
Kyrgyzstan, Bishkek: improve safety attwo intersections on Molodaya Guardia-Ryskulova by 10,590
the installation of 12 traffic lights, including pedestrian countdown indicators.
Eastern Alliance for Safe and Sustainable Transport (EASST) — UK:
Kazakhstan, Uralsk: improve safety at ‘School 10’ crossing and ‘Youth Palace’ crossing with 75,795
installation of high-visibility warning plaques and thermoplastic paint, and 4 solar powered
‘Pedestrian Crossing’ signs. Nursultan NazarbayevAve. and Temira Masina intersection and
Zhangirkhan — Brusilovsky intersection: installation/relocation of traffic lights with pedestrian
facilities and road markings.
Eastern Alliance for Safe and Sustainable Transport (EASST) — UK:
Moldova: improve safety at the pedestrian crossing on Dacia Boulevard (diplomatic route) 29,093
intersection with Matei Millo/Fulgulesti with the installation of a raised pedestrian crossing and
high-profile pedestrian warning plaques. This is to provide ‘Best in Class’ country examples.
GatewayAssociates on behalf ofTRAX Road Safety NGO India — UK:
India, Faridabad: improve safety at accident black spot junction of Suraj Kund Badkhal Road 62,000
with Pali Road, by major engineering enhancements.
ParliamentaryAdvisory Council for Transport Safety (PACTS) - UK:
Second year oftwo-year grant, contributing towards: advocating road safety related legislation 25,000
at Parliamentary level and helping influence meaningful priorities at the Department for
Transport and HighwayAuthorities across the country, with the objective to reduce the number
ofthose killed and injured on UK roads.
Road Safety Institute Panos-Mylonas (RSI), Greece
Grant for essential IT equipment (2 laptops & 1 desktop PC, file and mail servers). 5,700
Road Safety Institute Panos-Mylonas (RSI), Greece
Kastella and Psachna, Evia: installation of high-profile signage forzebra-style pedestrian 3,801
crossing upgrades to provide ‘Best in Class’ examples to be replicated across Greece.
Road Safety Institute Panos-Mylonas (RSI), Greece
Kastella and Psachna, Evia: installation of high-profile signage forzebra-style pedestrian 7,989
crossings to provide ‘Best in Class’ examples to be replicated across Greece.
Road Safety Institute Panos-Mylonas (RSI), Greece
Edipsos, Evia: unclear priority on Thermopotamou — installation of six solar powered 90 cm 5,811
‘STOP’ signs, with embedded flashing red LEDs to provide ‘Best in Class’ examples to be
replicatedacrossGreece.

290,508

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

SAFER ROADS FOUNDATION

6 Support costs

Support costs
Support Governance 2022 2021
costs costs
£ £, £ £
Subscriptions and donations - 8,204 8,204 11,374
Independent examination fees - 4,680 4,680 4,500
Bank charges - - - 25
- 12,884 12,884 15,899
Analysed between
Charitableactivities - 12,884 12,884 15,899

Governance costs includes payments to the independent examiner of £4,680 for examination fees (2021£4,500).

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

M C Woodford and A Somavilla agreed that from 1 April 2020 they would not claim from the Charity for any personal expenses, which includes travel, accommodation and subsistence.

8 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Total - -
There were no employees.

The company is a registered charity and does not have any taxable income.

SAFER ROADS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10 Other gains or losses
Unrestricted Unrestricted
funds funds
2022 2021
£ E
Foreign exchange gains (149) 357
11 Debtors
2022 2021
Amounts falling due within one year: £ s
Other debtors - 620
Prepayments and accrued income 6,315 9,790
6,315 10,410
12 Creditors: amounts falling due within one year
2022 2021
£ £
Commitment to grants notyet paid and falling due within one
year 35,281 -
Other creditors 16,178 -
Accruals and deferred income 7,281 4,565
58,740 4,565
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13 Related party transactions

Transactions with related parties

During the year the Charity entered into the following transactions with related parties:

The Charity received donations totalling £254,771 from the trustees of the Charity (2021: £629,753). Gift aid amounting to £63,693 (2021: £157,438) has been claimed on the donations.

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