2021-12-31-accounts - The Chartered Institution Of Highways And Transportation

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The Chartered Institution of Highways & Transportation Report and financial statements For the year ended 31 December 2021

Registered by Royal Charter: RC000835 Registered Charity: England (1136896), Scotland (SC040873) and the Republic of Ireland (20103989)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 CONTENTS

Introduction and CEO Update	1
Trustees’ Report for the year ended 31 Dec 2021	4
Reference and administrative details	15
Independent Auditor's report	17
Consolidated statement of financial activities	21
Charity and group balance sheets	22
Group Statement of Cash Flows	23
Notes to the financial statements	24

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 CHAIR’S INTRODUCTION AND CEO UPDATE

Introduction

The past two years have been ones of tumultuous change. The challenges that CIHT and other organisations have faced from responding to COVID-19 is unlike any we have ever known. Trustees have worked closely with the Executive staff over this period to ensure the Institution responded quickly and effectively.

CIHT has adapted to the new operating environment and embraced momentous change in the way we work and deliver services. Going forward, we anticipate and welcome some return to more traditional engagement and face to face activity. However, this will continue to be complemented and enhanced by the extended use of digital media.

The commentary provided in the Board of Trustees report highlights some of our key achievements during 2021.The Institution could not have achieved all it has done without the unstinting efforts of members who give their time and attention to the work of the Institution. In this respect, the work of the regions and devolved nations in the UK and the international groups in the Republic of Ireland, Hong Kong, Malaysia, Dubai, and Qatar, should be recognised. In addition, many members contributed by serving on the Council, Strategic Boards (Committees) and working groups of the Institution. The Trustees are grateful to the volunteers and their employers for allowing their staff to undertake this work in the interests of the profession.

During the last 12 months, we also conducted extensive consultations with our membership and other key stakeholders on a vision for CIHT and a definition of our strategic priorities over the medium term. This led to development of the new CIHT corporate strategy (CIHT 2022+) which was signed off by Council in November 2021. Three over-arching themes underpin the delivery of our strategy. These are Climate Action; Professionalism; and Equality, Diversity and Inclusion (EDI).

With the support of our members, in collaboration with our partners, I believe we can deliver real and longlasting change across our sector for public benefit.

Gordon Baker Chair – Board of Trustees

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 CHAIR’S INTRODUCTION AND CEO UPDATE

CEO Update

The scale of disruption that came in the wake of COVID-19 was both unpredicted and unprecedented. From the outset, CIHT moved quickly to stay ahead of the curve, controlling costs, deferring planned investment and adapting our operations to support members and other stakeholders .

In the face of this challenge, we have sought to expand our range of activities to extend our scope and influence and offer more resources including improved support related to professional and career development to members. We have learnt that we are resilient and, more importantly, we can adapt rapidly to shifting priorities in a still uncertain world by reaching out and remaining relevant to our members and partners.

Key to our thinking has been the need to ensure financial sustainability. Excluding movements related to use of restricted or designated funds, the Group has achieved a net year-end general fund surplus of £128K (£237k in 2020) or £340k (£344k in 2020) including the gain in the value of our investment holdings. As detailed in the accounts which follow, the Institution retains a healthy balance sheet with a level of free reserves that exceed the minimum requirements sought in our reserves policy and a robust cash position. CIHT does not have any outstanding loans since we cleared our mortgage on Britannia Walk in 2018. We have also set aside a programme of use for the designated funds to enable the Institution to invest in its capability and general infrastructure, so it is best placed to take advantage of new opportunities going forward.

Increasing the use of technology has been a central feature of our work during this period. We have provided enhanced digital content including an expanded range of online CPD events, podcasts and videos. We have revamped our resource webpages to provide additional member only content that includes an increased selection of technical articles, downloadable publications, an updated CIHT Options offer and accessible conference materials.

During 2021, we have worked on the development of a new digital learning platform (CIHT Learn) that we expect to launch in April 2022. CIHT Learn will enable members and other users to undertake professional learning and development at their convenience (24/7), offering access to a range of courses and programmes delivered in short bitesize chunks that can fit around home and work. Our new digital learning platform has the potential to transform the way in which we support our members and other stakeholders to develop skills and competencies and manage their ongoing Professional Development.

2022 has also seen the launch of a new and improved Transportation Professional journal with additional accessible content and features in response to members’ requests to see an enhanced offering. In addition, we are reviewing our member services and will be launching other new benefits in 2022.

COVID-19 also had a major impact on us as an employer. In line with government advice, our staff have been able to work remotely from home when required during 2021. We moved swiftly to support and facilitate a shift to home-based working and worked with our IT provider to ensure all staff was equipped to work remotely. We sought to increase our internal communications and hold more frequent staff meetings using online platforms such as MS Teams and Zoom. In 2021, we consulted staff upon the introduction of new flexible working contracts that embed scope for some hybrid working as a future norm. By introducing flexible working, we strengthen our ability to be an attractive and competitive employer that will enable us to thrive in competitive markets.

Over this same period, we have also sought to mobilise alternative ways of supporting our volunteer base. Examples include the use of webinar technologies to conduct professional reviews and deliver online meetings/ events, and enhanced use of central IT systems to promote events, enable bookings, administer payments, collect income and manage finances.

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 CHAIR’S INTRODUCTION AND CEO UPDATE

In summary, over the last two years, CIHT has digitised at a pace previously unheard of. Understanding what we have been able to achieve online and by working remotely has been a revelation. We have emerged from this experience as a fitter organisation with the knowledge that we can do things in ways we never thought possible, reaching our members and markets in new and exciting ways. We face the future with optimism and confidence in the knowledge that the commitment and support from our Board of Trustees and volunteers will enable us to flourish and develop for our members’ and the public’s benefit.

Sue Percy CEO

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

Trustees’ Report for year ended 31[st] December 2021

The Institution is a Registered Charity in England and Wales (1136896), a Registered Charity in Scotland (SCO40873); a registered charitable body in the Republic of Ireland (20103989) and incorporated by Royal Charter. The CIHT executive staff team normally operate out of a central office located at Britannia Walk near Old Street in London. Since March 2020, the office has been closed in line with government guidance on social distancing and all staff have worked from home, returning to the office (in combination with home working) for a short period in Summer 2021, before the office was closed again, in line with government guidance, towards the end of the year.

The Board of Trustees of the Chartered Institution of Highways & Transportation (CIHT) presents its Annual Report and Financial Statements for the year ended 31 December 2021.

Objectives and Activities

The Chartered Institution of Highways & Transportation was formed on 1 January 2010 following the Grant of a Royal Charter by the Privy Council. (The former Institution of Highways & Transportation was a registered charity and a company limited by guarantee founded in 1930 as the Institution of Highway Engineers). The objects of the Institution are to advance for the public benefit the science and art associated with Highways and Transportation in all their aspects; and to promote education, training, and research and development of the said science and art.

The charitable powers of the Chartered Institution are set out in its Royal Charter and Byelaws dated 30 October 2009. The Institution aims to achieve its objectives by promoting good practice amongst its members, through programmes of meetings, conferences, seminars, and publications, providing routes to Chartered and Incorporated Engineer, Engineering Technician, the SoRSA Certificate of Competency and Chartered Transport Planning Professional; and providing a forum for consultation on all matters affecting Highways and Transportation. The Institution promotes debate in all areas affecting the discipline of Highways and Transportation.

CIHT provides strategic leadership and support to help our members develop, deliver, and maintain sustainable solutions for highways, transport infrastructure, and services that:

Address the challenges of climate change
Support the economy
Help address societal inequalities
Reduce environmental degradation
Respond to a changing world

In November 2021, CIHT’s Council signed off a new medium-term strategy ( CIHT Strategy 2022+) which highlights our strategic priorities over the next five to ten years which are to:

Promote Learning – providing members with the skills, training and qualifications to be the workforce that our society, the environment and the economy need
Influence the future – working with members, stakeholders and decision-makers to demonstrate the value of efficient transport infrastructure and services and to help improve all networks so that they are safe, sustainable, effective and able to meet the changing needs of society
Promote the value of membership – Recruiting new members and retention of existing members through a reputation for excellence and a range of attractive membership services

In addition to our priorities, we have three overarching themes; Climate Action ; Professionalism ; and Equality, Diversity and Inclusion (EDI)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

Delivering public benefit

All our charitable activities are to advance for the public benefit the science and art associated with highways and transportation in all their aspects; and to promote education, training, and research and development of the said science and art. Success for the Institution is defined in terms of developing the knowledge, skills and effectiveness of members of the Highways and Transportation profession, and in influencing the development of policy and best practice in the field. Performance is measured in terms of increasing numbers availing themselves of existing provision, and the development of new ways of working to support these aims. In addition, the Institution continues to provide advice and guidance to the industry and stakeholders in accordance with its objects.

Membership of CIHT is open to applicants who meet the relevant professional criteria. Lower rates are charged for retired members, graduates, part-time students, and associate members whilst special concessions are offered in cases of personal change of circumstance, hardship, or unemployment. Full-time students and apprentices are offered membership free of charge.

Regional and national technical events and seminars (some of which are free of charge) are open to nonmembers to attend. The work of the Institution at a UK level is focused on developing, promoting and disseminating good practice and excellence in areas such as Transport Planning, Climate Change, Equality, Diversity and Inclusion, Road Safety, Sustainable Transport and Innovation for the public good. CIHT continues to contribute to skills development by its work on offering routes to professional qualifications and by developing our approach to continuous learning and embedding this as an essential requirement for a skilled and effective workforce. Its achievements and performance set out below provide a more detailed account of CIHT’s contribution to the industry in pursuit of its charitable objectives.

The Trustees have referred to the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities. In particular, Trustees consider how planned activities will contribute to the aims and objectives that have been set.

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

Membership, achievements, and performance highlights for 2021

Key achievements and performance are reported below under the three strategic priorities that were updated in November 2021.

1) Promote learning

CIHT is the only body to offer the full range of professional transportation qualifications including Chartered Engineer, Incorporated Engineer, Engineering Technician, Certificate of Competence in Road Safety and, uniquely, Chartered Transport Planning Professional. These qualifications ensure that our members work to high professional standards on behalf of the societies we serve.


	2020	2021
Registered Members – Eng Council	1,303	1,410	+107
Registered Members – (C)TPP	249	264	+15

During 2021;

CIHT achieved Office of Qualifications and Examinations Regulation (Ofqual) recognition as an End Point Assessment Organisation and completed the transition to the new apprenticeship standard. The first apprentices passed through the gateway in Q4 2021.
Engineering qualifications were aligned to reflect UK spec 4[th] edition and AHEP 4 (the learning outcomes for qualifications accredited under license from the Engineering Council for IEng or CEng)
New online qualifications platform was implemented.
Work on development of a new digital learning platform underway – CIHT Learn is scheduled for launch in Q2 of 2022. This will underpin delivery of enhanced CPD functionality and learning resources for our members and other individuals interesting in developing their knowledge and skills.
CIHT continue to promote STEM, careers in highways and transportation, and transport sectors response to climate adaptation in schools, colleges and universities. This activity is enabled by use of our career guidance packs, our Research and Education Partners’ network, and 147 members who volunteer on behalf of CIHT to undertake these activities.

2) Influence the future

Raising the profile

CIHT members play key roles in policy and technical developments across highways and transportation. Through working closely with members and influential stakeholders, CIHT shapes the decisions that affect our society, environment, and economy.

CIHT has continued to raise its profile through expanding its communication activities. In looking to highlight the variety of initiatives that the Institution is involved in, CIHT has been appearing and commenting in a wide range of media including broadcast, podcasts, online and print.

We continue to be a leader in Equality Diversity and Inclusion. Activities have included the promotion of our Diversity and Inclusion toolkit and Charter, that now has over 71 signatories. The toolkit is available online. Employers are being encouraged to sign up to this charter to help the industry recruit, retain and develop a more diverse workforce. During the year, consultants were appointed to help CIHT develop a new EDI strategy and action plan that was formally signed off in November 2021.

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

CIHT developed an action plan to implement its Climate Change pledge. This is a core activity for CIHT and is influencing many of the outputs and projects that have taken place. In 2021, we have worked with an Advisory group to identified priority actions that align with addressing targets in the action plan.

Blogs have been published featuring thought leadership on COP 26, School Streets, World Alzheimer’s Day and the latest update from Deborah Sims, CIHT President. See more here.
Media releases have gone out on Budget analysis and commentary, Call for the CSR to commit investment in transport and infrastructure, the release of the Net Zero strategy, our role at COP 26 and many more

CIHT Podcasts progressing with nearly 23,000 downloads

During 2021, Submitted evidence to consultation responses included:

September 2021 - CIHT Comprehensive Spending Response Submission
May 2021 - CIHT Response to the Department for Transport's Safe use rules for Automated Vehicles
April 2021 - CIHT Response to the Transport Select Committee's Smart Motorway inquiry (not public)
March 2021 - CIHT Response to the Law Commission's Automated Vehicles Consultation 3
March 2021- CIHT Response to MHCLG consultation on National Planning Policy Framework and National Model design Code
March 2021 - CIHT Response to the Cabinet Office's Transforming Public Procurement Consultation
February 2021 - CIHT Response to the Transport Select Committee's Zero Emission Vehicles and Road Pricing inquiry (not public)
January 2021 - CIHT Response to the Transport Select Committee's Major Transport Infrastructure Projects inquiry
January 2021 - CIHT response to the Department for Transport Future of Transport: Rural Strategy- Call for evidence

Liaison with other institutions and bodies

CIHT have been heavily involved in a variety of industry initiatives including Tomorrow’s Engineers Week, International Women in Engineering Day, International Women’s Day, Apprentice Week. We have continued to work closely with cross industry groups including the Highways Sector Council, Construction Industry Council and Royal Academy of Engineering. CIHT has been represented and appeared as speakers at industry events including Highways UK, Traffex, COP26 and North Trancity Rail.
In 2021, we have conducted work for the Department for Transport (DfT) on an updated Manual for Streets and Road Safety visibility research.

Transportation Professional

In 2021, we moved to a mixture of traditional print and digital only editions of Transportation Professional. Throughout the year, we conducted a market testing exercise which resulted in a decision to appoint a new publisher to work with CIHT on the development and delivery of the Transportation Professional journal and to support us in securing advertising and sponsorship revenues. The new supplier (Think Publishing) commenced operation in January with the first printed edition coming out in March 2022.

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

3) Promote the value of membership

Recruiting new members and retaining existing members through a reputation for excellence and a range of attractive membership services.


	2020	2021
Paying members	10,298	10,522
No of apprentices in membership	360	411
% of all new members that are female	24%	26%
% of all new members that identify as BAME	21%	22%

During 2021

We developed a new member value proposition to highlight the benefits of attracting and retaining members
Initiated work to ensure the local / regional offer is more consistent in terms of offerings across the UK
Embedded use of the CIHT Connect platform to support engagement activities and networking across CIHT membership
Initiated work on the development of a new membership strategy aligned to the vision and aspirations in CIHT Strategy 2022 +
We have added even more exclusive member resources in MyCIHT including webinar recordings, case studies, best practice, thought leadership and an updated section called the Work.

Events

Our approach to events in 2021 continued as digital first and we only planned to move back to face-to-face events in 2022.

We delivered a significant number of events. There were around 100 digital events run by our regions and nations that had almost 7,000 delegates attend. From a Britannia Walk perspective, we ran 34 events that were attended by over 2,500 attendees.

We value and encourage our next generation of members and have a vibrant and impressive regional, national and international network of emerging professionals who are committed to being active and influential within CIHT. In December, we held our 2-day digital young professionals conference that looked at ‘What’s on the Horizon?’ for tomorrow’s transport professionals. Our inspiring early career professionals are the future of the sector and we will continue to support them to broaden and deepen their knowledge, experience, and professional commitment.

Our 2021 Awards was a digital only event and we attracted many high-quality entries that are now available for members to view as case studies on the CIHT website. The shortlisted entries and winners were announced at a virtual Awards event.

CIHT hosted various roundtables with stakeholders, such as our Partnership Network, which looked at issues including resetting the skills agenda, social value and climate change.

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

Future plans

Key foundations that will underpin the delivery of the three strategic aims and three underpinning themes set out in CIHT Strategy 2022+.

Regions, nations and technical groups

CIHT regions, nations, and technical groups will be at the heart of delivering our strategy. They support members individually, provide local services and engage with governments and regional bodies on strategic issues.

International focus

We have members across the globe and will continue to deliver on our international strategy. We will collaborate with our international counterparts on shared agendas.

Member services

We will continue to extend our offer to members by investing in digitally enabled platforms, including CIHT Learn, our new digital learning platform, so that they can receive more personalised support services. This will also help us achieve our aim of cutting carbon emissions. We will enhance accessibility to our services and ensure members have plenty of opportunities to network digitally or in person.

Diversification of income base

We will continue to diversify our financial resources to ensure we are not overly reliant on membership subscriptions. We will do this by developing our training offering, events and additional services. We will regularly review our investment portfolio to optimise returns and provide a sustainable income base.

Research, technical and policy

We will continue to develop and deliver quality thought leadership through research, technical and policy pieces to advance the art and science of highways and transportation and build our influence and impact.

Governance

We will continue to strengthen succession planning across CIHT by encouraging more members to become actively involved in governance. We will review the skills, knowledge and competencies needed to be a progressive professional body and evolve our structures to remain relevant in a changing world.

Volunteering

We will be clear on what opportunities are available to members to become more actively involved and what they can expect from us through our volunteer strategy. We will provide training and support for volunteers so that they feel valued and able to contribute to the delivery of our work.

Business planning

We will continue with a three-year business planning cycle to enable the delivery of our strategy, including the prioritisation of actions, strong financial reporting, effective monitoring of performance and alignment of resources to ambition.

Equality, Diversity and Inclusion Strategy

We will build on our achievements to date to drive the EDI agenda more consistently and with greater pace within the membership and across the sector.

Climate Action

We will continue to develop our leadership role and support to members through training, influencing and evidence-based research in response to the UK government’s objective of a Net Zero carbon emissions economy by 2050 (2045 in Scotland). We will also seek to become a net zero organisation by 2027.

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

Structure, governance, and management

The Institution is a Registered Charity in England and Wales (1136896), a Registered Charity in Scotland (SCO40873) and incorporated by Royal Charter. In June 2017, the Institution was also approved as a registered charitable body in the Republic of Ireland (20103989). With the grant of Royal Charter by HM the Queen at the end of 2009 the Royal Charter and Byelaws became CIHT’s governing documents. CIHT’s members (individually and via the regions) elect the Council of the Institution, and the Council in turn appoints the Board of Trustees. The Board of Trustees is responsible for directing the affairs of the charity and ensuring it is solvent, well run and delivering the charitable outcomes for which it has been set up. It is the policy of the Institution to give a full briefing and guidance to new Trustees on their duties and responsibilities, and to ensure that they have a strong understanding of the issues and risks facing the Institution in achieving its objectives. All Trustees are given induction training each year and access to other training on an ongoing basis. The Board of Trustees has four strategic Boards reporting to it.

Those four Boards are:

The Appian Trading Board
The Education and Professional Development Strategy Board
The Membership and Member Services Board
The Learned Society and Technical Strategy Board

The Audit Committee meet with CIHT’s External Auditors twice a year to review the Audit Plan and to receive the Audit of the Annual Accounts and the Management Letter and reports back to the Board of Trustees on the findings and management response.

All profits of the trading subsidiary, Appian Trading Limited, are transferred to the charity through Gift Aid to ensure that funds for the Institution’s activities are used efficiently.

In June 2021, following approval from the Privy Council to enact changes to our Royal Charter and Byelaws, the new governance rules were implemented. Key changes included:

The appointment of the Chair of Board of Trustees for a two-year term as a separate position to the President.
Introduction of a Nominations Panel to support Council in recommending appointments to Trustee positions.
Increase in size of Council to 50 positions embracing a greater diversity of members from all classes and promoting increased representation from young professionals and greater representation from our devolved nations.
Reduction in the number of supporters that are needed to support a nomination to Council.
Membership and Skills Strategy Board to be dissolved and split into two new strategic boards addressing Education and the other to oversee Membership and Member Services.
Closure of the External Affairs and Communication Strategy Board with this function being taken on by the Board of Trustees as a collective responsibility.

Good Governance Guide

Since the Charity Governance Code was launched on 13 July 2017, CIHT has utilised the Code as a framework to support development of better practice. Trustees acknowledge that the charity is best placed to fulfil its vision, mission, and strategic goals if it has effective governance in place. To date, the charity's Board has established a solid foundation in governance in which all its members are clear about their legal responsibilities as Trustees.

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

In conducting operations, CIHT seek to operate in line with the seven principles and recommended practice set out in the Charity Governance Code. CIHT already has several of the Code’s measures in place. These include:

Trustee’s review of CIHT’s charitable purpose and reflect on changes to the external environment at annual planning days and when we conduct business planning.
The impact of CIHT’s activities against KPIs are reported at each Board meeting.
Development of a 5-year strategic plan based on CIHT’s agreed values with three strategic aims which are subject to annual review in terms of evaluating our performance and progress in terms of delivery.
Declarations of interest are collected annually.
Conflicts of interest are a standard item on the agenda for all Board meetings.
There is an agreed scheme of delegated authority recorded in CIHT’s Standing Orders and Financial Regulations.
An annual skills audit for all Trustees is used to identify requirements for Board development and inform the process of new appointments to the Board.

Trustee remuneration and pay policy for senior staff

The key management personnel of the charity comprise the non-executive Board of Trustees and the Senior Management team. The Board of Trustees has ultimate responsibility for directing the affairs of the charity and ensuring it is solvent, well-run and delivering the charitable outcomes for which it has been set up. Day to day operational management of activities is delegated to senior management of the charity.

The Board of Trustees comprises a group of 13 elected members drawn from the CIHT Council. They do not receive any remuneration for volunteering their time and expertise. Details of Trustees’ expenses and related party transactions are disclosed in Note 5 and Note 20, respectively.

A Staff and Remuneration Panel has delegated authority from the Trustees to set pay and benefit levels for all staff members including the CEO and Directors. The Panel comprise the Chair, President, Vice President, Immediate Past President and Hon. Treasurer, and is advised by the CEO.

Staff pay is reviewed annually considering national salary data information from ONS, current inflation rates, London average fare increases, the economic situation in the industry which the Institution serves, and the current finances of the Institution. Every four years the Institution benchmarks against pay levels in other charities of a similar size. In 2021, we introduced a new form of employment contract for staff that enables flexible working arrangements.

Investment funds

During 2021, CIHT has invested surplus funds into two holdings:

CCLA Charities Investment Fund - a managed fund that invests in a diversified portfolio of investments classes
CCLA Ethical investment Fund – a managed fund with enhanced restrictions (e.g. no investments in any organisation that derives more than a specified % of its turnover from fossil fuels, etc.)

The objective of our investment holdings is to maximise returns within reasonable and prudent levels of risk as set out in more detail in CIHT’s Investment Policy. At the end of 2021, the value of our investment holding over the year increased by 17.3% reflecting an annual gain of £212k (In 2020: value increased by 9.6% or £107k). This performance compares favourably to the annual rise in Consumer Price Index (CPI) which was 5.7%.

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

Reserves policy

CIHT maintains reserves to enable the Institution to fulfill its objectives and to implement the Corporate Plan as well as ensuring the provision of liquid resources representing four months’ operating expenditure estimated as £1,029k based on the 2022 budget. In addition, contingencies may arise due to the long-term nature of the Institution’s activities which may need funding out of reserves in the event of unforeseen circumstances.

As of 31 December 2021, free reserves (which includes designated funds and is defined as Current Assets plus Investments less Current Liabilities and less Restricted Funds) stood at £2,030,576 (2020: £1,869,839). Excluding designated funds (set aside for specific purposes and outlined in Note 15 of the financial statements), net free reserves totaled £1,792,396 (2020: £1,650,601).

Going Concern

The Board of Trustees has carefully reviewed the financial position of the CIHT group, including financial projections for 2022 and 2023, and are satisfied that there are sufficient funds at the date of signature of the financial statements to manage any foreseeable downturn in the UK and global economy. The Board having reflected on the level of liquid reserves held also considers that there is a reasonable expectation that CIHT has adequate resources to continue in operational existence for the foreseeable future and for these reasons the Board of Trustees continues to adopt the going concern basis in preparing financial statements

Use of voluntary assistance

The Institution relies upon the support of many members contributing their own time in the operation of its activities both within the nations, regions, and groups and at Britannia Walk (BW). It is not possible to quantify in financial terms the benefits derived, but all such voluntary assistance is gratefully acknowledged. As indicated below, the ongoing engagement of volunteers is perceived as a medium risk faced by the Institution.

Fundraising

At two of our larger annual events (i.e. the Annual Awards and Annual Luncheon) and occasionally at Regional dinners, attendees are invited to make charitable donations to the CIHT Foundation. This has been set up to provide grant assistance for projects, research or other activity that fits with our charitable objects. The CIHT Foundation is accounted for as a restricted fund and its operation overseen by the Board of Trustees who receive an annual report detailing funds that have been collected by the fund through charitable donations and how these funds have been deployed in line with the stated aims of the CIHT Foundation. In 2021, no funds from charitable donations were collected.

Fundraising is not a material source of raising income for the Institution and we do not engage in use of third parties. There has been no non-compliance with the Fundraising code and no-concerns, or complaints received.

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

Statement on Risk Assessment

Overall responsibility for risk management rests with the Board of Trustees who manage the process through formal reviews at board meetings and via the Audit Committee. Day to day responsibility is delegated to the Executive team who identify and evaluate risks that relate to their areas and manage the mitigation plans accordingly.

In 2021, Trustees endorsed a move to adopting use of a new Strategic Risk and Assurance framework that seeks to group together key risks over five areas and forms the basis for overseeing the management of strategic risks faced by the Institution.


Strategic Risk Areas	Net Assurance score	What this risk area covers	Key mitigations
Strategy & Impact	Low Risk	How we plan and deliver the strategy and the impact that it makes on our charitable objectives	Corporate strategy / Business planning and performance management framework Oversight by Trustees, strategic Boards and Council
Financial sustainability	Medium Risk	Financial strategy including income mix, income security, cost control and financial risk appetite including reserves and investment policy	Membership and income diversification strategy to address impacts of covid-19, diversify our income base and seek new types of funding Financial Regulations & policies Financial management practice and budget management
Governance	Low Risk	Ensuring organisation is well run and efficiently that problems are identified earlier and addressed appropriately; preservation of reputation and integrity; achieving charitable objects	New governance arrangements Oversight by Board of Trustees & Council Comprehensive suite of policies & procedures Risk management process External audit review Business continuity planning
People (staff & volunteers)	Medium Risk	Acting as a responsible employer and to manage our use of resources effectively	HR Framework supported by external HR provider Staff & Remuneration Panel Annual staff survey Regional Panel and committees Regional Action Plans Monitoring engagement and supporting volunteers EDI Strategy
Statutory & regulatory compliance	Low Risk	Encompassing broad range of statutory & regulatory requirements	Policies and procedures (Data protection, Safeguarding, etc) Annual Health and Safety review Use of professional advisors as appropriate Compliance checklist overseen by Audit Committee Reporting to Charities commission and other regulators/ government bodies

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 TRUSTEES’ REPORT

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The laws applicable to charities in England, Wales and Scotland require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the group and of the incoming resources and application of resources of the group for that period. 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 accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Royal Charter and Byelaws, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Signed on behalf of the Trustees

Gordon Baker Chair of the Board of Trustees

Date: 11 May 2022

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 REFERENCE AND ADMINISTRATIVE DETAILS

Name and Registered Office of the Institution

The Chartered Institution of Highways & Transportation 119 Britannia Walk London N1 7JE

Charity Registration in England and Wales No: 1136896 Charity Registration in Scotland No : SCO40873 Charity Registration in Republic of Ireland No: 20103989

Members of the Board of Trustees 2021

The members of the Board of Trustees, who were Trustees of the charity until 23 June 2021, are shown below.

M Tugwell (President) D Sims (Senior Vice President) N Johnstone (Vice President) S Sharland (Hon Treasurer) M Lugg L Basford G Clarke P Molyneux D Sprunt M Solanki K Campbell

The members of the Board of Trustees, who were Trustees of the charity from 23 June 2021, are shown below.

G Baker (Chair of the Board) D Sims (President) N Johnstone (Vice President) S Sharland (Hon Treasurer) M Tugwell D Skelley R Llewellyn S Hindshaw P Molyneux D Sprunt M Solanki K Lodge D Kitchener

Chief Executive and Secretary

Sue Percy

Auditor

Sayer Vincent LLP Chartered Accountants and Statutory Auditor Invicta House 108-114 Golden Lane London EC1Y 0TL

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2021 REFERENCE AND ADMINISTRATIVE DETAILS

Solicitors

Withers Old Bailey London EC4M 7EG

Bankers

Royal Bank of Scotland PLC 24 Grosvenor Place London SW1X 7HP

Investment Managers

CCLA Investment Management Limited Senator House 85 Queen Victoria Street London EC4V 4ET

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CHARTERED INSTITUTION OF HIGHWAYS & TRANSPORTATION

Opinion

We have audited the financial statements of The Chartered Institution of Highways and Transportation (the ‘parent charity’) for the year ended 31 December 2021 which comprise the consolidated statement of financial activities, the group and parent charity balance sheets, the consolidated statement of cash flows and the 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 FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Give a true and fair view of the state of the group and parent charity’s affairs as at 31 December 2021 and of the group’s incoming resources and application of resources, for the year then ended
Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
Have been prepared in accordance with the requirements of the Charities Act 2011 and of the Charities and Trustee Investment (Scotland) Act 2005 and regulations 6 and 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended)

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 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on The Chartered Institution of Highways and Transportation's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CHARTERED INSTITUTION OF HIGHWAYS & TRANSPORTATION (CONTINUED)

Other information

The other information comprises the information included in the trustees’ 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 with 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

The information given in the trustees’ annual report is inconsistent in any material respect with the financial statements;
Sufficient and proper accounting records have not been kept; or
The financial statements are not in agreement with the accounting records and returns; or
We have not received all the information and explanations we require for our audit

Responsibilities of trustees

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

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

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CHARTERED INSTITUTION OF HIGHWAYS & TRANSPORTATION (CONTINUED)

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with regulations made under that Act.

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 extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

We enquired of management and the audit committee, which included obtaining and reviewing supporting documentation, concerning the group’s policies and procedures relating to:
Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
We inspected the minutes of meetings of those charged with governance.
We obtained an understanding of the legal and regulatory framework that the group operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the group from our professional and sector experience.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CHARTERED INSTITUTION OF HIGHWAYS & TRANSPORTATION (CONTINUED)

We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
We reviewed any reports made to regulators.
We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.

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. This risk increases the more that compliance with a law or regulation is removed from 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 is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the parent charity’s trustees as a body, in accordance with section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005, section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the parent charity’s 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 charity and the parent charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sayer Vincent LLP, Statutory Auditor

Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL Date: 8 June 2022

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

THE CHARTERED INSTITUTION OF HIGHWAYS & TRANSPORTATION CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating a Consolidated Income and Expenditure Account & Statement of Total Recognised Gains and Losses) For the year ended 31 December 2021

Unrestricted Funds 2021 Note £ Income Donations and legacies - Member activities 2 1,730,079 Project income 3 183,448 Education income 106,741 Publication sales 35,648 National Conference 3,137 2,059,053 Other trading activities: Appian Trading 54,249 Investment income receivable 1,556 Other income 30,450 Total income 2,145,308 Expenditure Expenditure on Charitable activities: Membership 1,177,098 Education 357,081 Publications 402,125 Motorway Archive Trust 613 1,936,917 338,935 Total expenditure 4 2,275,852 (130,544) Net gains on investments 10 212,111 81,567 Net movement in funds 81,567 Reconciliation of funds Total funds brought forward 4,288,911 Total funds carried forward 15 4,370,478 £ Income from Charitable activities: Net (expenditure) / income before gains on investments Expenditure on raising funds: Trading & collecting subscriptions Net (expenditure) / income Net movement in funds	Restricted Funds 2021 £ - 444 95,000 19,898 - - 115,342 - - - 115,342 225,171 - - - 225,171 - 225,171 (109,829) - (109,829) (109,829) 328,796 218,967 £	Total Total Funds Funds 2021 2020 £ £ - 23,131 1,730,523 1,754,147 278,448 446,415 126,639 96,511 35,648 50,076 3,137 4,645 2,174,395 2,351,794 54,249 33,599 1,556 1,764 30,450 - 2,260,650 2,410,288 1,402,269 1,297,855 357,081 238,993 402,125 439,328 613 2,354 2,162,088 1,978,530 338,935 310,178 2,501,023 2,288,708 (240,373) 121,580 212,111 106,762 (28,262) 228,342 (28,262) 228,342 4,617,707 4,389,365 4,589,445 £ 4,617,707 _£ _

All of the above results are derived from continuing activities.

The annexed notes form part of these financial statements

THE CHARTERED INSTITUTION OF HIGHWAYS & TRANSPORTATION BALANCE SHEETS As at 31 December 2021

Note Fixed assets Intangible assets 8 Tangible assets 9 Investments 10 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets NET ASSETS Funds Unrestricted funds: General funds Designated funds Total unrestricted funds: Restricted funds TOTAL FUNDS 15	Group 2021 £ 376,943 1,962,959 1,434,861 3,774,763 228,305 920,542 1,148,847 (334,165) 814,682 4,589,445 £ 3,755,355 615,123 4,370,478 218,967 4,589,445 £	Group 2020 £ 394,034 2,025,038 1,222,750 3,641,822 436,432 889,417 1,325,849 (349,964) 975,885 4,617,707 £ 3,675,639 613,272 4,288,911 328,796 4,617,707 £	Charity 2021 £ 376,943 1,962,959 1,434,961 3,774,863 401,841 674,766 1,076,607 (310,072) 766,535 4,541,398 £ 3,707,308 615,123 4,322,431 218,967 4,541,398 £	Charity 2020 £ 394,034 2,025,038 1,222,850
				3,641,922
				874,548 374,307
				1,248,855
				(329,923)
				918,932

				4,560,854 £
				3,618,786 613,272
				4,232,058 328,796
				4,560,854 £

The financial statements have been prepared in accordance with section 415A of the Companies Act 2006 relating to small companies. They were approved, and authorised for issue, by the Trustees on 11 May 2022 and signed on their behalf by:-

Gordon Baker Chair of the Board of Trustees

Sue Sharland Honorary Treasurer

The annexed notes form part of these financial statements

THE CHARTERED INSTITUTION OF HIGHWAYS & TRANSPORTATION GROUP STATEMENT OF CASH FLOWS For the year ended 31 December 2021

Cash flows from operating activities: Adjustments for: Depreciation charges Amortisation charges Dividends and interest from investments Decrease / (increase) in debtors (Decrease) / increase in creditors Cash flows from investing activities: Dividends and interest from investments Purchase of tangible fixed assets Purchase of intangible assets (Gains) on investments Net cash (used in) investing activities Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Change in cash and cash equivalents in the year Net (expenditure) / income for the year (as per the statement of financial activities) Net cash provided by operating activies	£ £ £ £ (28,262) 228,342 66,421 65,141 147,591 147,763 (1,556) (1,764) 208,127 (244,624) (15,799) 53,882 376,522 248,740 1,556 1,764 (4,342) (33,118) (130,500) - (212,111) (106,762) (345,397) (138,116) 31,125 110,624 889,417 778,793 920,542 £ 889,417 £ 2020 2021	£ £ £ £ (28,262) 228,342 66,421 65,141 147,591 147,763 (1,556) (1,764) 208,127 (244,624) (15,799) 53,882 376,522 248,740 1,556 1,764 (4,342) (33,118) (130,500) - (212,111) (106,762) (345,397) (138,116) 31,125 110,624 889,417 778,793 920,542 £ 889,417 £ 2020 2021

		110,624 778,793
		889,417 _£ _

The annexed notes form part of these financial statements

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

1. ACCOUNTING POLICIES

1.1 STATUTORY INFORMATION

The Chartered Institution of Highways and Transportation is a charitable company limited by royal charter in England and Wales. The registered office address and principal place of business is 119 Britannia Walk, London N1 7JE.

1.2 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

These financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity and its subsidiary are a public benefit group for the purposes of FRS 102 and therefore have also prepared the financial statements in accordance with the 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 (The FRS 102 Charities SORP) and the Charities Act 2011.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity and group to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the Trustees have considered the charity and group’s forecasts and projections. After making enquiries the Trustees have concluded that there is a reasonable expectation that the charity and group have adequate resources to continue in operational existence for the foreseeable future. The charity and group therefore continue to adopt the going concern basis in preparing the financial statements.

These financial statements consolidate the results of the charity and its wholly-owned subsidiary Appian Trading 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 entities are disclosed in the notes to the financial statements.

The financial statements are presented in pounds sterling as this is the functional currency of the group. The accounts of non-sterling branches are translated into sterling. Income and expenditure items are translated at appropriate average rates and monetary assets and liabilities at the rates at the balance sheet date. The currency gains and losses are taken to the unrestricted funds.

1.3 INCOME

Income is included in full in the statement of financial activities when receivable unless it relates to a specific future period, in which case it is deferred.

Income from government and other grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably.

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

1.4 EXPENDITURE

Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.

Expenditure is allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned based on an estimate of staff time, of the amount attributable to each activity.

Support costs relate to premises costs which are allocated on floor area basis; other costs are allocated in proportion to income. 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.

Branches / regions are accounted for on the accruals basis, other than branches which are treated as affiliates for accounting purposes which are not consolidated.

Monetary assets and liabilities and transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

1.5 TANGIBLE FIXED ASSETS AND DEPRECIATION

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Building core 50 years Long leasehold land not depreciated Leasehold improvements 25 years Office equipment and furniture 5 years Computer equipment 3 years

Items of equipment are capitalised where the purchase price exceeds £500. 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.

1.6 INTANGIBLE FIXED ASSETS AND AMORTISATION

Amortisation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The amortisation rates in use are as follows:

Database and website 5 years Development learning platform 5 years

1.7 FUND ACCOUNTING

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs.

Unrestricted funds are donations and other income received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

1.8 INVESTMENTS

Fixed asset investments are stated at market value, where market value represents the mid-market value on the last trading day before the year end. Gains and losses arising on investment assets, whether realised or unrealised, accrue to the fund for which the investments are held.

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

1.9 STOCKS

Stocks are stated at the lower of cost and net realisable value. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation.

1.10 CREDITORS AND PROVISIONS

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.11 PENSIONS

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.

1.12 FINANCIAL INSTRUMENTS

The company 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 company's balance sheet when the company 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.

With the exceptions of prepayments and deferred income all other debtor and creditor balances are considered to be basic financial instruments under FRS 102.

The year end carrying value of financial assets and financial liabilities, measured at amortised cost, was as follows:

Financial assets measured at fair value Financial assets measured at amortised cost Financial liabilities measured at amortised cost	Group 2021 £ 1,434,861 95,190 182,313	*Group* *2020* £ *1,222,750* *334,629* *187,055*	Charity 2021 £ 1,434,961 269,678 182,313	Charity 2020 £ 1,222,850 782,745 182,414

The year end carrying value of financial assets that are equity instruments, measured at cost less impairment and relating to the charity only were £100 (2020: £100). This balance relates to the investment in the subsidiary company, Appian Trading Limited.

1.13 ACCOUNTING JUDGEMENTS AND ESTIMATES

The key judgements and estimates used in the preparation of these financial statements are as follows:

The depreciation rate of tangible fixed assets and amortisation rate of intangible assets (as detailed above)
Support costs are apportioned to direct activities based on the direct staff costs allocated to those activities

There are no other key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

2. INCOME FROM MEMBER ACTIVITIES

Member subscriptions Corporate partners Regions & Nations Other	Unrestricted Funds 2021 £ 1,540,595 140,008 36,938 12,538 1,730,079 £	Restricted Funds 2021 £ - - 444 - 444 £	Total Total Funds Funds 2021 2020 £ £ 1,540,595 1,527,947 140,008 156,405 37,382 55,091 12,538 14,704 1,730,523 £ 1,754,147 _£ _

In 2020, all income from member activities was unrestricted.

3. PROJECT INCOME

Secretariat fees Visibility project Manual for Streets 3	Unrestricted Funds 2021 £ 183,448 - - 183,448 £	Restricted Funds 2021 £ - - 95,000 95,000 £	Total Total Funds Funds 2021 2020 £ £ 183,448 193,415 - 248,000 95,000 5,000 278,448 £ 446,415 _£ _

In 2020, £248,000 relating to Manual for Streets 3 was restricted. All other project income in 2020 was unrestricted.

4. EXPENDITURE

CURRENT YEAR

Membership Education Publications Motorway Archive Trust Fundraising Appian Trading & collecting subscriptions Support costs (see Note 6)	Staff costs £ 520,897 184,979 107,419 329 813,624 173,497 414,740 1,401,861 £	Direct costs £ 431,239 12,252 201,880 - 645,371 15,510 438,281 1,099,162 £	Support costs £ 450,133 159,850 92,826 284 703,093 149,928 (853,021) Nil £	2021 2020 £ £ 1,402,269 1,297,855 357,081 238,993 402,125 439,328 613 2,354 2,162,088 1,978,530 338,935 310,178 - - 2,501,023 £ 2,288,708 _£ _

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

4. EXPENDITURE (continued)

PRIOR YEAR

Membership Education Publications Motorway Archive Trust Fundraising Appian Trading & collecting subscriptions Support costs (see Note 6)	Staff costs £ 502,007 114,207 113,903 296 730,413 149,919 432,972 1,313,304 _£ _	Direct costs £ 280,074 7,447 208,398 1,754 497,673 6,228 471,503 975,404 _£ _	Support costs 2020 £ £ 515,774 1,297,855 117,339 238,993 117,027 439,328 304 2,354 750,444 1,978,530 154,031 310,178 (904,475) - Nil £ 2,288,708 _£ _

5. NET (EXPENDITURE) / INCOME FOR THE YEAR

This is stated after charging:

Depreciation Amortisation Trustees' expenses Auditor remuneration (excluding VAT): Audit - current year	2021 £ 66,421 147,591 979 12,075	2020 £ 65,141 147,763 1,414 11,500

The Trustees received no remuneration in the year. Trustees' expenses represent the costs of travel and subsistence for 4 trustees (2020: 5).

6. DIRECT SUPPORT COSTS

Governance costs: Audit fee Legal & professional Trustee, Council and committee meetings Other support costs: Telephone, power, cleaning, rates Building maintenance Insurance Printing, postage & stationery Computer & internet Subscriptions Irrecoverable VAT, payroll processing & bank charges Depreciation Accountancy PR & marketing	2021 2020 £ £ 12,075 11,500 7,078 20,671 4,517 3,079 23,670 35,250 40,387 48,732 19,040 20,003 9,462 8,180 7,581 7,392 130,527 146,650 7,794 6,299 55,907 57,520 66,421 65,141 52,080 50,700 25,412 25,636 438,281 £ 471,503 _£ _

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

7. STAFF COSTS

Staff costs were as follows:

Salaries and wages Social security costs Pension contributions Other staff costs, recruitment and training Total staff cost included as expenditure	2021 2020 £ £ 1,134,126 1,092,602 124,035 119,032 68,696 46,671 75,004 54,999
	1,401,861 £ 1,313,304 _£ _

The key management personnel of the charity comprise the Chief Executive Officer and senior management team. The total employee benefits of the key management personnel of the charity, inclusive of employer pensions and employer National Insurance contributions, were £444,291 (2020: £448,696).

The number of employees whose emoluments amounted to over £60,000 in the year (exclusive of employer pensions and employer National Insurance contributions) was as follows:

£60,000 - £69,999 £70,000 - £79,999 £100,000 - £109,999 £110,000 - £119,999 The average headcount during the year was as follows:	2021 No. 1 2 - 1 27.1	2020 No. 2 2 1 -
		25.8

8. INTANGIBLE ASSETS - CHARITY AND GROUP

£ Cost At 1 January 2021 - Additions 130,500 Disposals - At 31 December 2021 130,500 Amortisation At 1 January 2021 - Charge for the year - At 31 December 2021 - Net book value At 31 December 2021 130,500 At 31 December 2020 394,034 Development learning platform	£ 730,154 - - 730,154 336,120 147,591 483,711 246,443 394,034 Database and website	Total £ 730,154 130,500 -
		860,654
		336,120 147,591
		483,711
		376,943
		394,034

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

9. TANGIBLE FIXED ASSETS - CHARITY AND GROUP

Cost At 1 January 2021 Additions Disposals At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 10. INVESTMENTS Market Value At 1 January Net gains At 31 December Historic cost at the year end Investments comprise: Investment in subsidiary undertaking CCLA COIF Charities Ethical Investment Fund CCLA COIF Charities Investment Fund	Long leasehold property £ 2,564,585 - - 2,564,585 569,550 47,137 616,687 1,947,898 £ 1,995,035 £ Group 2021 £ 1,222,750 212,111 1,434,861 £ 739,332 £ Group 2021 £ 1,206,973 227,888 - 1,434,861 £	£ 26,955 - - 26,955 24,401 1,272 25,673 1,282 £ 2,554 £ Group 2020 £ 1,115,988 106,762 1,222,750 £ 739,332 £ Group 2020 £ 1,027,654 195,096 - 1,222,750 £ Office equipment & furniture	£ 62,065 4,342 - 66,407 34,616 18,012 52,628 13,779 £ 27,449 £ Charity 2021 £ 1,222,850 212,111 1,434,961 £ 739,432 £ Charity 2021 £ 1,206,973 227,888 100 1,434,961 £ Computer equipment & software	Total £ 2,653,605 4,342 -
				2,657,947
				628,567 66,421
				694,988
				1,962,959 £
				2,025,038 _£ _
				Charity 2020 £ 1,116,088 106,762
				1,222,850 _£ _

				739,432 _£ _
				Charity 2020 £ 1,027,654 195,096 100
				1,222,850 _£ _

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

11. SUBSIDIARY UNDERTAKING

The charity owns the whole of the issued ordinary share capital of Appian Trading Limited, a company registered in England. The subsidiary is used for non-primary purpose trading activities. All activities have been consolidated on a line by line basis in the statement of financial activities. Available profits are gift aided to the charity. A summary of the results of the subsidiary is shown below:

Turnover Cost of sales Surplus for the period Changes in equity: Total equity brought forward Total comprehensive income for the year Gift aid distribution to parent charity The aggregate of the assets, liabilities and funds was: Debtors Cash at bank and in hand Creditors Capital and reserves at the year end (including £100 share capital)	2021 £ 223,353 (181,774) 41,579 £ 2021 £ 56,853 41,579 (50,385) 48,047 £ 2021 £ 8,039 245,776 (205,668) 48,147 £	2020 £ 208,144 (157,759)
		50,385 _£ _
		2020 £ 168,289 50,385 (161,821)
		56,853 _£ _
		2020 £ 27,400 515,110 (485,557)
		56,953 _£ _

The subsidiary results for the year include the following transactions with the parent charity:

Recharge of staff costs from the parent charity to the subsidiary undertaking

£ 173,497 £ 149,919

12. PARENT CHARITY

The parent charity's gross income and the results for the year are disclosed as follows:

Total income Net movement in funds	2021 £ 2,087,682 £ (19,456) £	2020 £ 2,363,965 _£ _
		339,778 _£ _

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

13. DEBTORS

Trade debtors Prepayments Grant debtors Other debtors Taxation receivable (VAT) Due from subsidiary inc Gift Aid Branch debtors	Group 2021 £ 11,498 133,115 69,018 5,475 8,853 - 346 228,305 £	Group 2020 £ 42,280 101,803 248,000 11,897 21,507 - 10,945 436,432 _£ _	Charity Charity 2021 2020 £ £ 5,094 24,880 132,163 91,803 69,018 248,000 4,792 11,897 8,853 21,507 181,575 465,516 346 10,945 401,841 £ 874,548 _£ _

14. CREDITORS:

AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Branch creditors Taxes and social security Pension costs creditor Other creditors Deferred income Accruals Deferred income Balance at 1 January Amount released from previous years Amount deferred in the year: Member subscriptions Secretariat fees Partnership income Other income (including events) Balance at 31 December	Group 2021 £ 67,442 500 34,055 26,355 22,885 151,852 31,076 334,165 £ Group 2021 £ 162,909 (162,909) 92,026 23,521 24,093 12,212 151,852 £	Group 2020 £ 96,407 14,140 32,525 7,937 17,999 162,909 18,047 349,964 £ Group 2020 £ 115,166 (115,166) 124,449 23,060 - 15,400 162,909 _£ _	Charity 2021 £ 67,442 500 34,055 26,355 22,885 127,759 31,076 310,072 £ Charity 2021 £ 147,509 (147,509) 92,026 23,521 - 12,212 127,759 £	Charity 2020 £ 91,766 14,140 32,525 7,937 17,999 147,509 18,047
				329,923 _£ _
				Charity 2020 £ 110,666 (110,666) 124,449 23,060 - -
				147,509 _£ _

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

15. STATEMENT OF FUNDS - CURRENT YEAR

Restricted funds: 1. CIHT Foundation Fund 2. Hong Kong Branch Fund 3. Motorway Archive Trust 4. YP Transport Visions Group 5. DfT Visibility 6. DfT Manual for Streets 3 Total restricted funds	Brought forward £ 58,370 41,932 696 4,500 - 223,298 328,796	Income £ - 444 - 19,898 95,000 - 115,342	£ (900) (4,426) - (14,925) (67,611) (137,309) (225,171) Expenditure	Transfers and gains Carried forward £ £ - 57,470 - 37,950 - 696 - 9,473 - 27,389 - 85,989 - 218,967

The CIHT Foundation Fund has been set up as a separate restricted fund to receive charitable donations from collections and other appeals to distribute to activities and projects that advance the art and science of highways and transportation.
The Hong Kong branch funds are controlled locally by the CIHT branch in that territory and are regarded as restricted to use in Hong Kong.
The Motorway Archive Trust fund is used to maintain its archives related to the development of UK wide motorways.
A grant from Rees Jefferies to support young professionals in the transport sector address approaches to exploring the future challenges and opportunities facing the sector and its professionals on a cross-sector and cross-institution basis.
Award of grant funding by Department for Transport to enable CIHT to progress the Visibility at Junctions research project.
Award of grant funding by Department for Transport to enable CIHT to progress the development of a revised Manual for Streets.

Designated funds: 1. IT Development 2. Refurbishment 3. Research (Policy & Technical) 4. Research (CIHT Related) 5. Diversification of Income 6. Climate change 7. Diversity & Inclusion 8. HR Development Total revenue funds Capital funds 9. Database and website 10. Digital Learning Platform Total designated funds	Brought forward £ 43,450 - 46,150 12,574 37,064 50,000 30,000 - 219,238 394,034 - 613,272 £	Income £ - - - - - - - - - - - Nil £	£ (25,586) - - - (35,784) (25,820) (23,268) - (110,458) (147,591) - (258,049) £ Expenditure	Transfers £ 16,550 15,000 (6,150) 32,500 31,500 15,000 10,000 15,000 129,400 - 130,500 259,900 £	Carried forward £ 34,414 15,000 40,000 45,074 32,780 39,180 16,732 15,000
					238,180 246,443 130,500
					615,123 £

The Trustees approved the transfers between designated and general funds during the year as detailed above.

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

15. STATEMENT OF FUNDS - CURRENT YEAR (CONTINUED)

Purposes of designated funds

IT Development . To cover ongoing future development of IT platform and website.
Refurbishment. To fund the renovation and replacement of facilities and equipment for Space 119 to ensure that we are able to retain and develop lettings income.
Research (Policy & Technical) . A fund to build capacity to research emerging issues in transportation infrastructure, fund specific projects in the policy and technical areas and to conduct research directly related to the Institution.
Research (CIHT Related) . A fund to support marketing research that will inform decions related to the positioning of CIHT in UK and in international markets.
Diversification of Income . A fund to enable the research and development of commercial activities that might be undertaken by the Institution as a means of diversifying sources of revenue e.g. development of sponsorship strategy, new digital learning platform, new products, etc.
Diversity & Inclusion. To provide funding to support progression of our developmental work in this area.
Climate Change . Enabling activities that will enable us to address objectives set out in the CIHT Climate change pledge.
HR Development. Enabling investment in development and appraisal of staff and supporting change management activities .
Database and website . A transfer has been made into the fund to represent the amount spent in the year on the database and website. The year end balance on the fund equates to the book value of intangible assets.
Digital Learning Platform - A transfer has been made into the fund to represent the amount spent in the year on set up and develoment of CIHT learn. The year end balance on the fund equates to the book value of intangible assets.

SUMMARY OF FUNDS IN THE YEAR

Total general funds Designated funds Total unrestricted funds Restricted funds Total funds	Brought forward 1 January 2021 £ 3,675,639 613,272 4,288,911 328,796 4,617,707 £	Income £ 2,145,308 - 2,145,308 115,342 2,260,650 £	£ (2,017,803) (258,049) (2,275,852) (225,171) (2,501,023) £ Expenditure	Transfers and gains £ (47,789) 259,900 212,111 - 212,111 £	Carried forward 31 December 2021 £ 3,755,355 615,123
					4,370,478 218,967
					4,589,445 £

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

16. STATEMENT OF FUNDS - PRIOR YEAR

Brought forward £ *Restricted funds:* CIHT Foundation Fund 56,769 Hong Kong Branch Fund 46,864 Careers project 3,998 Motorway Archive Trust 2,450 YP Transports Vision Group 4,500 DfT Manual for Streets 3 - *Total restricted funds* 114,581 Brought forward £ *Designated funds:* IT Development 79,623 Refurbishment 15,971 Member training & professional development 12,006 Research (Policy & Technical) 61,150 Research (CIHT Related) 28,568 Diversification of Income - Climate change - Diversity & Inclusion 50,000 *Total revenue funds* 247,318 *Capital funds* Database and website 541,797 *Total designated funds* 789,115 £ SUMMARY OF FUNDS IN THE PRIOR YEAR Brought forward 1 January 2020 £ Total general funds 3,485,669 Designated funds 789,115 Total unrestricted funds 4,274,784 Restricted funds 114,581 Total funds 4,389,365 _£ _	Income £ 2,251 - - - - 248,000 250,251 Income £ - - - - - - - - - - Nil £ Income £ 2,160,037 - 2,160,037 250,251 2,410,288 _£ _	£ (650) (4,932) (3,998) (1,754) - (24,702) (36,036) £ (128,173) (5,424) - (5,000) - (42,936) - - (181,533) (147,763) (329,296) £ Expenditure £ (1,923,376) (329,296) (2,252,672) (36,036) (2,288,708) £ Expenditure Expenditure	Transfers £ - - - - - - Nil £ Transfers £ 92,000 (10,547) (12,006) (10,000) (15,994) 80,000 50,000 (20,000) 153,453 - 153,453 £ Transfers and gains £ (46,691) 153,453 106,762 - 106,762 _£ _	Carried forward £ 58,370 41,932 - 696 4,500 223,298
				328,796
				Carried forward £ 43,450 - - 46,150 12,574 37,064 50,000 30,000
				219,238 394,034
				613,272 _£ _
				Carried forward 31 December 2020 £ 3,675,639 613,272
				4,288,911 328,796
				4,617,707 _£ _

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

17. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

CURRENT YEAR Tangible fixed assets Intangible fixed assets Investments Net current assets PRIOR YEAR Tangible fixed assets Intangible fixed assets Investments Net current assets	Designated funds £ - 376,943 - 238,180 615,123 £ Designated funds £ - 394,034 - 219,238 613,272 _£ _	General funds £ 1,962,959 - 1,434,861 357,535 3,755,355 £ General funds £ 2,025,038 - 1,222,750 427,851 3,675,639 _£ _	Restricted funds £ - - - 218,967 218,967 £ Restricted funds £ - - - 328,796 328,796 _£ _	Total funds £ 1,962,959 376,943 1,434,861 814,682
				4,589,445 £
				Total funds £ 2,025,038 394,034 1,222,750 975,885
				4,617,707 _£ _

18. POST BALANCE SHEET EVENTS

Following the Balance Sheet date, the invasion of Ukraine was a dominant factor in a material reduction in the value of the Charity's investment portfolio. As at April 2022, the value of the portfolio held within CCLA (see Note 10) had reduced by approximately £67,000 compared to 31 December 2021.

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

19. STATEMENT OF FINANCIAL ACTIVITIES - PRIOR YEAR

*Income* Donations and legacies Member activities Project income Education income Publication sales National Conference Other trading activities: Appian Trading Investment income receivable *Total income* *Expenditure* Expenditure on Charitable activities: Membership Education Publications Motorway Archive Trust *Total expenditure* Net gains on investments *Reconciliation of funds* Total funds brought forward *Total funds carried forward* *Net income /* *Net movement in funds* Income from Charitable activities: Expenditure on raising funds: Trading & collecting subscriptions *Net income / (expenditure) before* *gains on investments*	Unrestricted Funds 2020 £ 20,880 1,754,147 198,415 96,511 50,076 4,645 2,103,794 33,599 1,764 2,160,037 1,267,571 234,995 439,328 600 1,942,494 310,178 2,252,672 (92,635) 106,762 14,127 4,274,784 4,288,911 _£ _	Restricted Total Funds Funds 2020 2020 £ £ 2,251 23,131 - 1,754,147 248,000 446,415 - 96,511 - 50,076 - 4,645 248,000 2,351,794 - 33,599 - 1,764 250,251 2,410,288 30,284 1,297,855 3,998 238,993 - 439,328 1,754 2,354 36,036 1,978,530 - 310,178 36,036 2,288,708 214,215 121,580 - 106,762 214,215 228,342 114,581 4,389,365 328,796 £ 4,617,707 _£ _

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

20. RELATED PARTY DISCLOSURES

The members of the Trustee Board received no remuneration in relation to fulfilling their role as Trustees. Expenses for travel and subsistence reimbursed to 4 Trustees amounted to £979.

Geoff Allister is Chair of the CIHT Audit Committee and an Executive Advisor to Amey Consulting which is a member of CIHT’s Partnership Network.

Bert (Herbert) Bailie is a CIHT Council member and a member of the Audit Committee. He is also Chair and Director of the Inclusive Mobility and Transport Advisory Committee.

Susan Giahi Broadbent is a CIHT Council Member and is a Senior Technical Director at Jacobs which is a strategic partner of CIHT who have sponsored CIHT events and activities.

Josh Bush is a CIHT Council Member and a Tier 1 Sponsor, Major Projects of National Highways.

Andy Campbell is a CIHT Council Member and a Technical Director of WSP which is a member of CIHT’s Partnerships Network who have sponsored CIHT events and activities.

Kristopher Campbell is a CIHT Trustee and SPTO Civil Engineer of Transport for Infrastructure in Northern Ireland which is a member of CIHT’s Partnerships Network.

Kate Carpenter is a CIHT Council Member and Divisional Director at Jacobs which is a strategic partner of CIHT who have sponsored CIHT events and activities.

Ginny Clarke is a CIHT Trustee, and she is also a Trustee of the Rees Jeffreys Road Fund who have supported CIHT projects on Equality, Diversity and Inclusion and careers. She is also a committee member of the Audit Committee of Royal Academy of Engineers.

Tracey Collins is a Council Member and Talent, Development and Inclusion Manager of Kier which is a member of CIHT’s Partnerships Network.

Claudia Currie is a CIHT Council Member and an Associate Transport Planner at Mott MacDonald which is a strategic partner of CIHT who have sponsored CIHT events and activities.

Anthony Ferguson is a Council Member and Deputy Director of Traffic Technology at the Department for Transport.

Jo Field is a CIHT Council Member. She is also a Founder & Managing Director of JFG Communications Ltd whose current clients include Costain, Skanska and WSP which are strategic partners of CIHT who sponsor CIHT from time to time.

Gill Foster is a CIHT Council Member and member of the Audit Committee and is a Director at WSP which is a strategic partner of CIHT who have sponsored CIHT events and activities.

Nick Hopcraft is a CIHT Council Member and Sponsor, HS2 Delivery team, at Highways England who support / sponsor CIHT from time to time.

Julie Hunt is a Council Member and Associate Director of Highways of Jacobs UK Ltd which is a member of CIHT’s Partnerships Network.

Darran Kitchener is a CIHT Trustee and an Associate Director of Milestone Transport Planning who have sponsored CIHT events.

James Leeming is a CIHT Council Member and a Senior Projects Manager of National Highways.

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

20. RELATED PARTY DISCLOSURES (Continued)

Richard Llewellyn is a CIHT Trustee and a Researcher of Edinburgh Napier University which is a member of CIHT’s Partnerships Network.

Kate Lodge is a CIHT Trustee and Transport Planner of Arup which is a member of CIHT’s Partnerships Network.

Rache Lord is a Council Member and Graduate Transport Planner of Capita which is a member of CIHT’s Partnerships Network.

Matthew Lugg is a CIHT Council Member and Head of Profession – Local Government at WSP which is a strategic partner of CIHT who have sponsored CIHT events and activities.

Peter Molyneux is a CIHT Trustee and Major Roads Director of Transport for the North which is a member of CIHT’s Partnerships Network.

David Ogden is a CIHT Council Member and Operations Director of Colas which is a member of CIHT’s Partnerships Network.

Olivia Reed is a CIHT Council Member and an Assistant Engineer of Project Centre which is a member of CIHT’s Partnerships Network.

Stelios Rodoulis is a CIHT Council Member and a Principal Transport Consultant employed by Jacobs which is a strategic partner of CIHT.

Sue Sharland is a CIHT Trustee, Director of Appian Trading Limited and Treasurer and a Trustee of the Road Safety Foundation, a Trustee of iRAP and a Director of their subsidiary RASL.

Deborah Sims is CIHT President and Trustee and a Senior Lecturer for the University of Greenwich which is a member of CIHT’s Partnerships Network.

Dana Skelley is a CIHT Trustee and Council Member. She is also a Shareholder of Skanska Infrastructure UK which is a knowledge partner of CIHT who sponsor CIHT from time to time.

Mitesh Solanki is a CIHT Trustee and Chair of Appian Trading Limited and Managing Director for Ringway Infrastructure Services. Ringway is a strategic partner of CIHT who have sponsored CIHT events and activities.

Dennis Symons is a CIHT Council Member and a Principal Engineer of National Highways.

Martin Tugwell is a CIHT Trustee and CEO of Transport for the North which is a member of CIHT’s Partnerships Network.

Richard Ward-Jones is a CIHT Council Member and a Director of Appian Trading Limited. He is also a Client Director at Atkins which is a strategic partner of CIHT who have sponsored CIHT events and activities.

Andrew Warrington is a CIHT Council Member and a Senior Technical Director at Arcadis which is a strategic partner of CIHT who have sponsored CIHT events.