Registered number: 05476000
Charity number.. 1140357
INTERNATIONAL ROAD ASSESSMENT PROGRAMME
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Company. its Trustees and advisers
Trustees. report
2-17
Independent audltor's report on the flnanclal statements
18-21
Consolidated statement of financial activities
22
Consolidated balance sheet
23
Company balance $heet
24
Consolidated statement of cash flows
25
Notes to the flnanclal statements
26-42

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
O C Kobusingye
A S H Silvem)an lappoinled 29 January 20241
R Barrios Quintanilla
S P Billingsley (resigned 1 January 2024}
l A Gillespie
M Nadal
S l O'connor
F E Smith
Dr S M Sharland
Company reglstered
number
05476000
Charlty reglstered
number
1140357
Reglstered offlce
60 Trafalgar Square
London
WC2N SDS
Company secretary
S Holroyd
Independent auditor
Cooper Pary Group Limited
Slatulory Auditor
Cubo Birmingham
4th Floor
Two Chamberfain Square
Birmingham
B3 3AX
Bankers
Barclays Bank plc
8 Market Place
Basingsloke
Hamsphire
RG217QA
Solicitors
Farrer & Co
66 Lincoln Inn Fields
London
WC2A 3LH
Page 1

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees Iwho are also directors of the charity for Ihe purposes of the Companies Acll present their annual
report together with the audited financial slalemenls of the International Road Assessmenl Programme for Ihe
year ended 31 December 2024. The Annual report serves the purposes of both a Trustees, report and a
directors. report under company law. The Trustees confirm Ihal the Annual report and financial slalements of the
charitable company comply with the current slatulory requirements, the requirements of the charitable companls
goveming document and the provisions of the Slalemenl of Recommended Practice ISORPI applicable lo
charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 leffeclive 1 January 20191.
Since the group and the Company qualify as small under section 383 of the Companies Act 2006, the Group
strategic report required of medium and large companies under the Companies Act 2006 Islralegic Report and
Directors. Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
IRAP was estsblished for the international promotion and improvement of road safety and the quality of roads
for the public benefit. IRAP'S vision is for a world free of high-risk roads for all road users.
In setting objectives for the year and planning ils aclivilies, the Iruslees have considered the Charity
Commission's guidance on public benefit. In seeking grants and other voluntsry income to support its ongoing
road safety wort(, the Iruslees give Careful consideration of the accessibility of ils work to those organisalions that
seek to further the public benefit in relation to road safely. The use of the free-to-air IRAP tools, systems,
specifications and support materials by government, industry, research and NGO partners worfdwide remain
Central to fulfilling the Charity's vision for creating a world free of high-risk roads for all road users.
Achievements and performance
a. Financial perfomiance
The Charity achieved a surplus for the year of £260,759 compared to a surplus in 2023 of £316,355. The
surplus is £55,596 lower than that achieved last year largely because in 2023, we received a one off payment of
£121,792 in respect of the dissolution funds from the European Road Assessment Association IEuroRAPI-
Project performance improved during the year due to us being able lo recover more staff time on research and
advoucy projects. During the year, the gift aid payment arising from our trading subsidiary, Road Assessment
Services Limited was slightly lower at £137,29812023'. £169,142), due to lower project margins being achieved.
b. Review of key impacts and metrics in 2024
An estimated 700,000 deaths and serious injuries have been saved by IRAP partnerships between 2016
and the end of 20241157,899 saved in last 12 monthsl. The independent Johns Hopkins University study
has been published in PLOS One snd celebrated globally. With an expected average treatment life of 20
years, the roads already upgraded by partners worldwide are projected lo save 3.2 million fatalities and
serious injuries by 2044.
US$1 10.8 billion of infrastructure investment in 90 countries has been made safer informed by IRAP
assessments lan additional USD$9.8 billion added in last 12 months}.
More than 134,000 km of roads have been upgraded with safety enhancements influenced by IRAP
partnerships.
34,027 individuals in 184 countries worldwide are supported with IRAP resources and knowledge with an
additional 3,727 new partners in last 12 months.
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INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance Icontinuedl
IRAP related safety assessments have now been performed in 132 countrles.
Crash rate risk maps have been performed for 1.92 million km of roads 1107,128km added in last 12
months).
Over 1.85 million km of roads have been Star Rated (additional 86,271 km in last 12 months with major
assessments 1>1,OOOkml in Australia 129,4901, Saudi Arabia 117,2351, Sri Lanka 17,9001, USA 15,682).
Mexico 14,3511, South Africa 13,4331, Mozambique {2,5431, Czechia 12,0281, Uruguay 11,3981 and Brazil
11,2651.
161,541km of "light" star Ratings have been perfomied, with 12,030km added in the last 12 months.
Star Ratings of Designs have now been performed on 58,976km of roads in 68 countries.
Star Ratings for Schools {SR4S} used at 1.940 schools across 76 countries. 584 new schools and 6
new countries added in the last 12 months. The safely of 458,732 students has been positively impacted by
SR4S.
Nearly 8.4 million km of road data analysis is stored in iRAP's free online sofvare VIDA and the system
is Ljsed by 22,145 registered users (Adding 1.1 rnillion km of analysis and 3,282 user accounts in the last 12
months).
Over 12.6 million communication touchpoints wth our #RAPCommunity since 2020. 2.5 million
louchpoinls added in the last 12 months.
75,966 participants in IRAP and safer roads training and events in 167 countries (Adding 6,773 people
in the last 12 monlhs)-
Training courses delivered in 22 languages (adding Dutch and Greek in the last 12 monlhsl.
273 IRAP accredited practitioners and 18 systems in 44 countries.
86 policies or guidelines exist worldwide including RAP metrics and perf0mlan￿ targets 110 strategies
added in last 12 months).
132Countries whereportner-ledtRAPossessments hove octurred.
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INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance Icontinuedl
Review of Global Programme Partner Highlights in 2024
Announcement of 700.000 lives and injuries saved". Research by Johns Hopkins University, published in
the respected joumal PLOS One, confirms that IFIAP partners have prevented almost 700,000 deaths and
serious injuries by the end of 2024 using the IRAP methodology and tools lo inform road safely infrastructure
changes and safer speeds. The finding was ￿lebrated in a global online event 'The Story Behind the
Numbers" on 9 May, supported by the FIA Foundation.. World Health Organisation,. Johns Hopkins
Intemalional Injury Research Unil., and IRAP staff and trustees.
Star Ratlng for Schools: In 2024, SR4S achieved significant milestones in its mission lo enhance road
safely for students worldwide. 1,940 schools have been assessed across 76 countries since the
programme's launch, directly benefiting nearly 460,000 students. Global progress continues to be monitored
through the Safe Schools Upgrade Tracker. Key new achievements included large-scale assessments in
Saudi Arabia1300 school areasl, Uruguay (54 schools), Turkey143 schools), and Amienia {40 schools). The
FIA Safe and Sustainable Mobility Grant Programme. now in its fourth year, supported safety upgrades at 15
schools through proven inlervenlions identified using SR4S assessments and implemented by FIA clubs.
Recognition for impactful contributions included the Botnar Foundation and FIA Foundation supported
AI&Me programme led by AIP Foundation with the support of IRAP receiving the Prince Michael Intemalional
Road Safely Award and the Automobile Club of Moldova being honored with both the Prince Michael and
Vision Zero Awards for their efforts in improving school zone safely.
Youth engagement remained a priority, with Vietnam launching the "Empowering Youth for Livable Cities.
initiative and advancements to the Youth Engagement App IYEAI, fostering broader participation in road
safely advocacy.
FIA Annual Conference. Uzbeklstan. FIA General Assemblles. Rwanda & Google Partnershlps.. FIA
Clubs continue to play a critical role in creating policy and implemenlalion support for safer roads in
countries around the worfd. More than 150 mobility clubs in 96 countries are partnering with IRAP lo support
their national activities and priorities. Activities in¢lude the traditional Risk Mapping, Star Rating and the FIA
Foundation supported Star Rating for Schools partnerships. IRAP contributed to the FIA Policy Committee.
A positive AIRAP partnership with Google, IRAP and FIA clubs in Ecuador IANETAI, Costa Rica IACCRI,
Uruguay {ACUI and Vietnam IAIPFI are helping to innovate and scale big data partnerships for road safety
impact.
High-level advocacy for G20'. FIA Foundation and partners including IRAP were successful in the
submission and publication of T20 policy briefs lo support G20 leaders. IRAP worked with the FIA
Foundation, ITF, the Organisalion of American Slates and other partners to build momentum and advocacy
for the G20 Summit and U20 Side Event in Brazil in November and supported lead-up events including the
G20 India Briefing in Delhi and G20 Sherpas Conference In Brazil. IRAP supported the FIA Foundation led
active mobility panel session at the U20 Side Event, and "Safe Active Mobility is a Climate Solution with
Short-term Return" briefing, helping to inform the Summit Urban Communique.
Africa Impact.. The additional support of the FIA Foundation has enabled a significant increase in support for
African partners and associated life-saving impact in the region. Strongest growth has been seen in Kenya,
Malawi, Uganda, Bolswana, South Africa, Tanzania, Tunisia, Benin, Senegal and Mozambique with a natural
momentum of interest and engagement now visible across the Region providing a foLJndation for future
impact.
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INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance Icontinuedl
ITF Summlt122-24 May): IRAP joined 1,200 delegates and around 50 ministers from 80 countries at the ITF
Summit lo advocate for safer roads and effective transport policy under the theme 'Greening Transport-
Keeping focus in limes of crisis.. IRAP presented in the Rethinking Public Spaces for Safer, Greener and
more Active Cities session and in special media events on the Safe System Implementation Tool IRAP has
developed in consultation with ITF, and on IRAP partner impact saving 700,000 fatslities and injuries in 74
countries since 2016.
4th Mlnlsterlal Conference on Road Safety, February 2025, Morocco.. IRAP played a key role as a
member of the Ministerial Planning Committee, partner engagement worldwide and planning a range of
events and announcements for the Ministerial Conference.
ADB Transport Forum.. IRAP joined the Asia and the Pacific AD8 Transport Forum from 14 - 15 May in
Manila, focused on transport as an enabler of development.
World Safety.. IRAP joined the 15th World Conference on Injury Prevention and Safety Promotion (Safety
2024) from 31 August to 4 September in New Delhi. As well as supporting two pre-conference workshops on
Powered Two-wheeler Safely and the Child Health Initialive-led 'Challenges, Research Gaps and Learnings
from Implementation of Global Road Safety Programmes., IRAP shared partner and project success, new
technologies, and developments in the IndiaRAP programme and was recognized as part of 4 Media
Awards.
IRF World Congress.- The IRF World Congress was a significant event on the IRAP calendar, held from 14-
18 October in Istanbul with the theme 'Connecling to Empower Mobility.. Roads as Enablers of a Sustainable
Future for All,. The Congress allracled more than 2,000 road industry participants from 80 countries. IRAP
participated in the Ministerial Meeting with Ministers from 30 countries, ran four Special Sessions on The
Ten Step Plan for Safer Road Infraslruclure Iwilh IRF and PIARCI, Private-seclor Financing, an SR4D Skills
Masler¢lass, and a High-level Roundtable.. Shaping the Future of Road Designs for Safe and Sustainable
Mobility. IRAP and partner activities were shared in more than 20 presentations.
Policy Commitments.. 86 policies - global, national and stale road safely strategies and action plans- now
include RAP targets. New policies added this period include the IEMA (Environmental Assessment of Traffic
and Movement) Guidelines, the Private Infraslruclure Development Group IPIDGI Project Guideline,
Philippines 2028 Road Safety Strategy, Peru's 2030 Mulliseclor Road Safety Strategy, Wesl African Road
Safely Organizalion IW ARSOI Conakry Declaration, 2024-2028 Kenya National Road Safely Action Plan,
Limpopo 2025-2035 Road Safety Strategy, Tanzania's 2024-2027 Road Safely Plan, UNECA'S 2030
Strategy for Africa, and BrazilRAP Sao Paulo 2030 Plan. These now sit alongside those of Malawi, Thailand,
Cayman Islands, Saudi Arabia, Australia, Pakistan, Laos, Georgia Uganda, Gambia, Vietnam, Saudi Arabia,
Gree￿, Croatia, Slovenia, Brazil, New Zealand, Malaysi8, and Indonesia in a global Policies into Practice
page on the IRAP website.
Case studies of success: Several new Case studies celebrating IRAP projects, before and after stsr rating
and FSI improvements were released in June on a new dedicated Success Stories webpage. The launch
aligned to celebrating the release of the Johns Hopkins University research quantifying IRAP partners,
impact. Examples include= in Victoria, Australia, deaths fell by 77 /0 and hospital bed days reduced by 74 /0
on 1,730km of key highways,. in Karnataka, India, deaths reduced by 54 /0 and injuries by 420/0 on a 62km
section of the Belagavi
Yaragatti Highw8y', zero fatalities and an 890A fall in injuries on a section of
Highway 4028 in Thailand., in Shaanxi, China, road deaths fell 330/0 and injuries more than halved 1530/.} on
850km of roads,. in Albania, road deaths fell 230k following treatment on 1,335km of the nation's busiest
primary and secondary roads., in England, deaths fell by 540/0 on more than 7,OOOkm of strategic network
roads., and in Colombia, speed limit reductions informed by IRAP assessments resulted in a 22 /0 reduction
in falalilies.
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INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance Icontinuedl
Moblllty Snapshots.. IRAP supported the Global Alliance of NGOS for Road Safety Mobility Snapshots
Campaign launched in May as part of their #CommilloAct movement. The campaign is using a unique and
simplified data collection method developed by IRAP to shine a light on the local realities of daily commutes
around the globe, with a particular focus on improving intersection safety and overall mobility access.
Safety Insights Explorer. New data was unveiled in IRAP'S Safely Insights Explorer, a critical datahub for
decision-makers and partners worldwide seeking lo understand the true extent of road trauma, the safety of
the world's roads, and the positive impact that can be made with largeled investment. The Insights Explorer
update was also supported by the Transport Accident Commission (TACI in Australia.
'x'RAPs'. Five new national Road Assessment Programmes have been launched and supported - TanRAP,
KSARAP, United Kingdom RAP, MexiRAP and BrazilRAP Sao Paulo - bringing the total to 14. The growth
demonstrates IRAP'S focus on building local ownership and the growing recognition of the global IRAP
infrastructure safely standard and supporting free tools made possible by the charity. The development of
SenRAP will be an outcome of the Ten Slep Senegal Project commencing in January 2025.
?AusRAP
?BrazilRAP
BrazilRAP
Sao Paulo
IndiaRAP
iwiRAP ? KSARAP
?MéxiRAP
?ThaiRAP
?MyRAP
?SARAP
?usRAP
AUSRAP. Major assessments of MO￿ than 50,OOOkm are underway across the country including AIRAP
approaches. The AUSRAP Business Plan commits Australia's slates 8nd territories to publish AUSRAP star
ratings on all arterial roads by 2025, with a n8lional policy tsrget lo achieve 800/0 of travel on 3-star or better
roads by 2030. A significant federal government investment programme is underway, with co-conlributions
from the Slates, that has seen US$5.8 billion added this period for largeled road upgrades. This includes the
Australian Government recent commitment lo provide an additional AUD$7.2 billion IUS$4.8 billion) lo
upgrade and fix the Bru￿ Highway in Queensland, to bring it up to a minimum three-star safety rating.
BrazilRAP: Results of the 54,500km assessment of federal highways are informing BRL 18 billion in
investment lo halve deaths and serious injuries in the country. IRAP joined forces with eleven public and
private enlilies in launching Brazil's Road Safely Pact in February, a campaign to promote road safety and
reduce crashes on the Brazilian road network. 3-slar or beller largels are included in several multi-billion-
dollar concessions across th8 country. BrazilRAP Sao Paulo was launched.
IndiaRAP.' The Asian Institute of Transport Development continues lo lead IndiaRAP partnerships across
the country. Over 17,OOOkm of road network is being assessed in Kamataka and based on results, 1500km
will be selected for upgrades. With World Bank funding, 500km of post construction assessments have
been conducted in Uttar Pradesh and Tamil Nadu to confirm improvements in Star Rating performance
metrics. The assessment of 7,000 km of roads in Himach81 Pradesh, supported by the Wodd Bank under
the Himachal Pradesh Stale Road Transformation Programme IHPSRTPI, has been completed and will
inform the slate's road safely action plan for the next decade. Additional work has occurred in Chennai.
Maharashlra. Policy and design standards support has also been provided at the national level.
Korea: The Korean Government has endorsed the development of KORAP with national R&D funds and a
National Highway Study over four years. IRAP is supporting the programme which will require an update lo
the road act lo incorporate the IRAP meth(Idology.
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INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance Icontinuedl
KSARAP: KSARAP for Saudi Arabia launched in December last year, associated with the wodd's largest
IRAP assessment occurring in the Kingdom of 72,OOOkm. The Government is rolling out a US$300 million
maintenance programme and has wmmilled lo reach their desired 3-star or better laryels on the national
network. The world's largest Star Rating for Schools assessment of 300 school areas kicked off in
September, with the training of 40 engineers. The city of Dammam has commenced an urban pilot project,
the first city in the Kingdom to adopt IRAP standards for the assessment of their road network. The NEOM
project continLJes to be supported in their effort to create 5-star journeys across the new city.
Mexico- MexiRAP launched in June hosted by the Ministry of Infrastructure, Communications and Transport
ISICT} building on the MOU with SICT signed in November 2023. An MOU between IRAP and the Aleatica
Foundation for Road Safely is in place with practical action on projects and programmes lo reduce road
traffic injury in Mexico.
Senegal: Building on Tanzania's success, a UNRSF-funded Ten Slep Plan Senegal Project will Commence
in January, bringing together local and international partners lo build capacity and activities towards safer
roads in the country.
South Africa RAP- Government policy now requires use of IRAP with slate road maintenance grants and
Treasury is actively monitoring progress towards UN Targets. The SARAP Steering Committee was held in
June where there was a strong focus on local action lo support large scale assessments.
Spain: The RACC Mobility Club and Real Aulomovil Club de Espana IRACEI have presented their 20th
edition of annual Crash Risk Mapping of the Spanish road network. The 25,101 km assessment, completed
using the IRAP Methodology for the 2020-2022 triennium, identifies the sections of interurban roads with the
highest risk of a serious or fatal crashes occurring. In addition, RACC released Catalonia's 23rd Èdition of
annual Crash Risk Mapping for the slate.
TanRAP: New roads in the capitsl Dodoma are now being designed to achieve 3-slars or better for all. The
UN Road Safely Fund supported Ten Slep Plan for Safer Road Infrastructure Project in Tanzania was
awarded a Prin￿ Michael International Road Safety Award in De￿mber rewgnising its achievement in
establishing capacity to improve infraslruclure and policy. The project led lo TanRAP being established and
launched, safety data expanded lo more than 10,OOOkm using the IRAP Methodology, recommendations
made lo the National Road Safely Strategy and Road Geometric Design Manual, and more than 500 people
trained, supporting IRAP accreditation.
ThaiRAP has completed further Star Rating assessments, including two motorways. The Department of
Highways has now star rated the entire network, with 64,OOOkm receiving a light star rating. ThaiRAP is
working with the Bangkok Metropolitsn Administration to improve road safety through IRAP capacity building
and assessment, with a 500km assessment of the city's road network complete.
United Kingdom RAP- Led by the Road Safety Foundation, United Kingdom RAP released Britain's 2024
Crash Risk Mapping Results in December, tracking the safely performance of G￿al Britain's motorways and
'A' roads on an annual basis. The UK Government recently announced a further £38.3 million investment in
improving the safety of 17 of the highest risk roads. It comes on lop of the £147.5 million already invested lo
deliver life-saving improvements on 82 high risk roads across England. The partnership with National
Highways has now seen the high-impact integration of the IRAP metrics, data and decision-making tools
across all of the agency's activities.
Interest for new RAPS is being supported in Malawi. Chile, Korea, Seneg81, Tunisia, Ethiopia, Pakistan,
Jamaica. Colombia, United Arab Emirates, Morocco, Indonesia, Somalia and Vietnam.
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INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance Icontinuedl
Bulldlng engagement and capaclty.. Supported by our Safer Journeys Leads for Europe, The Americas
and Africa, IRAP had a dedicated focus this year on building engagement and capacity. In collaboration with
local and international partners, support included the 'Africa Regional Road Safely Seminarf (8-9 October,
Nairobi with GRSP, the Kenya Red Cross Society and UNECAI, and hosted the 'RAP in Europe Workshop,
(4-5 September, Brussels) and 'RAP in Latin America.. Safer Roads for Saving Lives Towards 2030, Event
with Alealica Foundation (27-28 November, Mexico City).
Tralnlng.. Nearfy 76.000 people have now been trained in-person and online across the wodd, including
6,773 people trained this period. IRAP training has reached people in 167 countries. This year, six webinars
have been presented in the #RAPKnowledgeLIVE series profiling 'Dats-driving Insights.. Enhancing IRAP
road safety reports with Power Bl,, 'Lifting the Lid on VIDA,, 'High Impart RAPS,, 'Leveraging Technology and
YoLJth Power for Safer Roads,, 'Star Rating for Designs
A Key lo Safer Roads,, and 'Mobilizing
Practitioners to Deliver IRAP Projects,. Grants have also been offered to 30 female engineers in conjunction
with Inlemalional Women in Engineering Day.
IRAP Connect.. Building on the initial FedEx support and ongoing assistan￿, IRAP Connect is tracking
IRAP activity by 34,027 partners worldwide in 184 countries. The Partner Portal and Resources for 5-Slar
RAPS are supporting partner knowledge and safer roads activities.
d. Revlew of Strateglc Project Partnershlps In 2024
The development of accredited supplier networks has seen an increasing number of IRAP assessments being
completed directly by suppliers around the world. Where desired by partners IRAP teams are directly involved in
strategically important projects with a focus on building sustainable national capacity Whe￿ possible. The range
and scale of strategic projects completed in 2024 demonslrales a diverse and sustainable source of project
partnerships th81 contribute lo IRAP'S vision and associated metrics.
50 Strateglc Project partnershlps were supported in the period January - December 2024 including 25 new
projects.
Partnership projects successfully wmpleted within th8 calendar year include..
Support for Chula assessments of DMT Tollway in Bangkok Thailand Ichulalongkorn University).
Mozambique Feeder Road Development Project for the Mozambique National Roads Administration
IANEI.
Motorway assessments and support for Autoroutes du Maroc.,
Kirilimali Road Safely Study (World Bank).,
Improving Road Safely in Cambodia IADBI.,
Malawi M1 Rehabililalion Project (for RSK Group).,
Coding QA for AUSRAP Victoria IARRB National Transport Research Organisalion}',
Chile MOP 2022 {DDQ Ingenieros Consullores Lldal.,
Evaluation and capaeily building for Grupo ISA (ISA Inlerviall-
72,OOOkm Saudi Arabia Assessment {Euro Group Engineering Consultancyl-,
Support for Alealica Brebemi IAleatica SAI.,
Botnar AI&Me Ivietnaml.,
Estonia Pilot Survey.,
CCR Training in Brazil.,
Mexico- QA of FONADIN network for SEMIC.,
Limpopo Assessment (The Impact Calalysll,.
Cycling Safety Assessment ICycleRAPI in Montevideo, and
FIA Region 11 training - Improving the Safely of School Zones across Region 11.
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INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance Icontinuedl
Partnership projects developed I delivered during 2024 and continuing into 2025 include..
PHOEBE- IRAP IEuropean Commission).,
ELABORATOR- IRAP (European Commission),.
CAMBER Horizon Europe {European Commission}.,
IVORY Horizon Europe (European Commission).,
Senegal Ten Step Plan IUN Road Safety Fund and PIDGI.,
Google Al for the Global Goals IGoogle.org}-
Google Street View Projects in Ecuador, Cosla Rica and Uruguay (Google).,
Safe and Inclusive Design in Central Asia IUNRSF and UNESCAP):
QA and support for BahrainRAP (Government of Bahrain)-
Mountainous Road Improvement Programme PNG IADBI.,
Assessment in Jamaica and Bahamas (Caribbean Development Bank}.,
Cayman Islands Reassessment (Caribbean Development Bank)., and
Uruguay National Assessment (Road Corporation of Uruguayl.
Following a restructuring of the Millennium Challenge Corporation {MCCI in April 2025, IRAP'S contract
with MCC came to an end. However, during 2024, the following activities were undertaken:
Star Rating and Investment Plan Assessments in Cole d'lvoire.,
Star Rating and Investment Plan Assessments in Gambia.,
Star Rating and Investment Plan Assessments in Nepal.,
Star Rating for Schools in Cole d'lvoire and other priority MCC corridors.,
Capacity building Itraining and accreditation} including in-person training workshops in Mozambique,
Malawi and Benin.,
Technical assistance for MCC staff and partners.,
Development of Priv8te-seclor financing and impact investment platforms that can support the
Millennium Impact Infrastructure Accelerator IMIIAI and Africa50 initiatives,.
Establishment support for local self-goveming Road Assessment Programmes in Malawi, Indonesia,
Mozambique and Zambia., and
the development of the Light Data Star Rating and Network Analysis tool for Road Safely IRAPIDOI.
e. Review of Innovation and Development Partnerships in 2024
IRAP'S Innovation Framework is supporting 142 partner organisations in projects and inilialives lo create the
future-focussed tools that meet the expanding local needs and ensure wntinuous improvement of the IRAP
offering.
Innovation Partnerships inclLJde'.
The Eu-funded 'Predictive A
roaches for Safer Urban Environment,
PHOEBE
project aims lo
increase the road safety of vulnerable road users, especially those who use active mobility and e-
scooters. This is achieved through the inter-disciplinary power of traffic simulation and road safety
assessment. The PHOEBE project is integrating Star Ratings for pedestrians and cyclists, along with
Cy¢leRAP insights with traffic simulation, human behaviour and mode shift data to inform policy and
investment. The project involves 11 partners and draws inspiration from real-world scenarios in the
three pilot cities of Athens IGR}, Valencia IESI and West Midlands IUK).
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INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance Icontinuedl
The EU ftjnded ELABORATOR Pro
ecl involves 12 living labs and 38 partners across 6 lighthouse cities
of Helsinki, Copenhagen, Milan, Issy-les-moulineaux, Zaragoza and Trikala and 6 follower cities of Lund,
Liberec, Velenje, Split, Krusevac and loannina. Part of the Horizon Europe programme, the project aims
to use a holistic approach for planning, designing, implementing and deploying specific innovations and
interventions towards safe, inclusive and sustainable urban mobility. The IRAP expertise, tools, metrics
and data are providing an objective evidence-based approach lo inform and measLJre investment and
impact across the participating cities.
The Goo
le.o
funded Star Ralin
for Schools
artnershi
in Vietnam is using Al, satellite imagery and
Slreet-view images lo delect road safety risks. IRAP, together with partners AIP Foundation, Andili and
the University of Zagreb IFPZ, FERI, will provide a country-wide stsr rating evaluation of road
infraslruclure around schools in Vietnam and SUPF)Ort the upgrades al the highesl-risk schools. The
project will leverage the Botnar Foundation and FIA Foundation SUPFlOrted YEA Youth Engagement App
that will also be used to capture student perceptions of the risks they face to inform decision- making.
The UK Route Review Tool developed by IRAP in partnership with the Department for Transport.
National Highways and Road Safety Foundation is providing a user-focussed investment pl8nning tool
that allows local experts to tum IRAP Safer Road Investment Plans into actionable work plans ready for
investment, design and Construction. Immediate feedback is available on predi¢ted reductions in deaths
and serious injury and the Star Rating performance empowering practitioners to maximise lives saved
and exceed safety targets.
VIDA.. Continuous investment is being supported for the core free-to-air tools of IRAP that are used by over
22,000 users worldwide to ensure they remain current, secure and meet the growing demand for use within
acceptable performance criteria. A Road Map for future step changes in model, software design and
nclionalily is being developed to ensure IRAP remains fil for purpose and state-of-the-art for all partners
worfdwide.
CycleRAP: Seven CycleRAP suppliers are now in place. There have been over 1,500km of CycleRAP
assessments in 18 countries worldwide. Large assessments 1400kml are planned in Australia and Canad8
in 2025. In addition, the CycleRAP Demonstrator tool (available for free in five languages) is supporting the
quick assessment of cycling infrastructure safety.
star Rating for Schools: Enhancements lo the SR4S model went live in June integrating latest research
and user experience for improved star rating results. The SR4S model update is part of a broader review of
IRAP models being implemented. The SR4S mobile app has been updated and is available on Google Play
and the Apple Store lo better meet lead partner needs. The YoLJth Engagement App IYEAI was launched as
Part of the Botar Foundation and FIA Foundation supported AI&Me project and is now embedded in the
SR4S web app providing supplementary data on youth perceptions of risk al specific locations.
Financial review
. Going concem
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concem basis can be found in the accounting policies.
Page 10

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
b. Reserves policy
The reserves policy sets out the approach of the charity to holding and managing reserves. The charity holds
reserves lo=
Provide financial stability and meet ongoing commitments.
Ensure continuity of services in the event of income disruption.
Cover unexpected expenses or emergencies.
Invest in future projects or OPF)Ortunilies that support the charills objectives.
The Iruslees may decide to draw on reserves where.. there is a short-term shortfall in income., unexpected
expenditure is required,. or an opportunity arises lo deliver a key strategic objective
The Charity aims to maintain unreslricled free reserves equivalent to 6 months of wre operating costs. Based on
the current budget, this equates to approximately £1,403, 223. At year end the charity had available reserves of
£1,306,808 {2023.' £1,046,049).
This level is wnsidered appropriate to cover core costs, e.g. staff salaries, Offi￿ rent, essential service delivery,
and provide sufficient lime to adjust operations if funding decreases.
The reserves level will be reviewed annually by the Board. Where reserves fall below the target level, the Board
will agree an action plan. If reserves significantly exceed the target, the Board will consider whether funds should
be designated for specific future use.
c. Investment policy and performance
Under the memorandum and articles of association, the charity has the power lo deposit and invest ils funds in
any manner {bul lo invest only after obtaining such advice from a financial expert such as the Trustees consider
necessary) and having regard lo the suitsbility of investments and the need for diversification. The charity has
adopted a low risk approach to investing surplus cash by placing cash on deposit accounts at the bank.
d. Principal funding
IRAP benefits from the generous support of the FIA Foundation for the Automobile and Society and this support
will continue until al least 2025.
Our partnerships with the Global Road Safety Facility, World Bank, Caribbean Development Bank, Asia
Development Bank, Australian AID, Latin American Development Bank and the Inter American Development
Bank continue lo enable IRAP assessments lo be undertaken in low income and middle income countries
around the worfd. The financing for the road upgrades is typically supported by these same agencies in
partnership with the relevant government agency.
High income countries continue to invest in their own programmes with Central IRAP support. Automobile club
and government partners finance and undertake national ass8ssments with the RAP protowls int8graled in
their advocacy, policy and decision making as appropriate.
The IRAP Centre of Excellence network now includes ARRB Group IAustralial,' MRI Global IUSAI, the
Malaysian Institute of Road Safely Research IMIROSI., TRL IUKI., the Inslitulo Mexicano del Transporte,Korean
Transport Institute IKOTII, SWOV INetherlandsl,LabTrans IBrazill,Ihe Research Institute of Highways (China)
and also now the University of Zagreb, Faculty of Transport and Traffic Sciences IFPZI based in Croatia.
Page11

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structurei governance and management
Constitution
IRAP is registered as a charitable company limited by guarantee and was incorporated on 9 June 2005. A
subsidiary company, Road Assessment Services Limited, was incorporated on 15 May 2012. It is a wholly
owned subsidiary of IRAP and together they form the IRAP group.
The principal objective of the comparby and the group is the intemalional promotion of the improvement of road
safety and quality of roads for the public benefit.
b. Methods of appointment or election of Trustees
The management of the company and the group is the responsibility of the Trustees who are elected and co
opted under the terms of the Articles of Association.
Trustees are sought for the Board spectfically lo add value lo the charity. This is both in terms of creating a
Board that is representative of the community that the charity serves and one that has all of the skills and
experience required to properly carry out the work of the charity.
c. Organisational structure and decision-making policies
The charity is ultimately govemed by the Trustees who agree and monitor the Forward Plan and approve all of
the charills policies. The day to day running of the charity is delegated to staff under the leadership of the
Executive. Trustee meetings are held at least three limes a year primarily lo review financial reports, discuss
issues of strategic direction, and programme priorities.
For the purposes of company law, the Trustees shown on page 1 are the directors of the company. The
Trustees who served during the year were as follows=
Miquel Nadal
Saul Billingsley (resigned 1 January 20241
Ferdinand Emanuel Smith
Dr Susan M Sharland
Shane l O'connor
Raquel B8rrios Quinlanilla
lan Andrew Gillespie
Dr Olive Chifefe Kubosingye
Avi Shalom Hayim Silverman lappoinled 29 January 2024}
The minimum number of Trustees shall be two save for circumstances where a charity las defined by s1 of the
Charities Act 20111 is appointed as a trustee, in which case il may serve as a sole trustee of the charity. The
maximum number is twelve.
Page 12

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structurei governance and management Icontinuedl
d. Policies adopted for the induction and training of Trustees
The charity is fortunate that il is able to attract committed individuals with great relevant experience in the field
and in public life. When a potential trustee is identified, they are usually invited to allend a Trustees, meeting in
the capacity of observer. Once they and the Board of Trustees have gained a greater understanding of each
other they are nominated for election to the position of Iruslee and elected by unanimous decision.
Most Tru8lees are already familiar with the practical work of the charity and familiar with the work of charities in
general. New Trustees are given briefings to provide personally tailored orientation to brief them as appropriate
on their legal obligation8 under charity and company law, the content of the Memorandum and Articles of
Association, the committee and decision making processes, the business plan and recent financial
performances of the charity- The opportunity of the new Trustee is generally taken to provide the Board as a
whole with presentstions of overall progress with the charity's work. If needed, Trustees would be encouraged lo
attend appropriate external training events where these will facilitate the undertaking of their role.
e. Pay policy for key management personnel
It is essential for IRAP to have credible leaders who bring professional expertise, leadership experience and who
are capable of developing and growing the organisalion to be world class. Having a competitive reward offering
is one of the many ways in which IRAP can secure the very best people.
IRAP has a clear and transparent policy that not only ensures the selection and retention of high calibre leaders
bul also ensures our donors, supporters, staff, volunteers, beneficiaries and public recognise the importance of
accountability in all aspects of our work including the determination of pay and benefits of the Chief Executive
and senior management team.
The Board of Trustees is responsible for defining IRAP'S pay policy approving and deciding on the salaries of the
Chief Executive and the senior management team. The Board delegates this responsibility lo the Remuneration
Committee which is chaired by a nominated trustee. More infomalion about pay ranges for our senior staff is in
the relevant disclosure on staff costs.
Our approach is to pay a fair salary to allracl and retain skilled and expert senior leaders for IRAP. Salaries and
benefits should be competitive within the charity sector, proportionate lo the complexity of each role and
responsible in line with our charitsble objectives. To achieve this our Executive Group Pay Policy aims to..
Ensure perfomiance is reviewed and reported to the Remuneration Committee on an annual basis.
To pay a fair salary in the respective geographic market lo attract and retsin skilled staff, meeting all national
pay standards and provide all staff with a living wage.
Apply performance related pay elements only where required.
Monitor charity sector trends through appropriate surveys.
Page 13

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structurei governance and management Icontinuedl
f. Risk management
IRAP acknowledges at all times the risks associated with its work as a charitable company. The charity has risk
management policies and procedures through which risks arising from existing operations and developments are
identified and evaluated. The Trustees are required to analyse these, assess them according lo their impact on
the Charity and their likelihood of Occurren￿ and report on procedures which are in place or are developed or
enhanced lo provide assurance that the risk is being minimised. The key risks which IRAP has identified and the
steps being taken to minimise these risks are listed below..
Govemment Polic
We manage this risk by having a diverse range of global partners. We regulady monitor the global geopolitical
landscape and monitor proposed regulatory changes. We are also supported by our membership of relevant
umbrella bodies. Finally we have contingency plans buill into our financial models and frameworks.
Volatilit
in fundin
and other financial risks..
This risk is managed by the provision and review of management accounts and long term financial forecasts with
action plans lo bridge any funding gaps. In addition lo this, the Charity's Reserves policy is regularly reviewed lo
ensure that it is in line with the charity's needs. Volatility in exchange risks is managed through the provision of
forward currency hedging. The risk of fraudulent payments is minimised through the provision of a dual signatory
F)olicy on all payments. IRAP is also increasing the number of income streams lo diversify ils sources of income.
Skills Shorta
We are managing this risk by conducting a staff skills audit al least once per year lo identify skills gaps amongst
staff and to put training programmes in place. In addition, we are developing a panel of subcontractors who we
can ulilise when new contracts are signed and we need additional resources.
Inflationa
risk
We are managing this risk by reviewing our pricing policies and reviewing our cost base.
Technolo
risk
We are managing this risk by having an innovation development plan for all our products. Further Product
Lifecycle reports are reviewed regularly.
Political risk
We are managing this risk by having in place a contract with global risk management consullanls, Healix. They
are on hand lo support us both strategically and operationally. Training on the services provided by Healix and
their tools is provided lo all our staff.
Page 14

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structurei governance and management Icontinuedl
g. Information on fundraising practices
The International Road Assessment Programme (IRAP) is registered with the Fundraising Regulator, the
independent tx)dy which sets and maintains the standards for charitable fundraising in England, Wales and
Northern Ireland. This demonstrates our commitment to good fundraising practice. We have also committed lo
abide by their Code of Fundraising Practice and lo the Fundraising Promise
All our fundraising efforts are undertaken by our own staff, trusted partners and volunteers and we do not
engage any professional fundraisers to undertake any fundraising on our behalf. At 811 times, we ensure that our
fundraising 18 clear, open and honest. During the year, no complaints were received by the charity in respeel of
its fundraising activities.
Plans for future periods
iRAP's vision is for a worfd free of high-risk roads for all road users. The 4th Global Ministerial Conference on
Road Safety in Morocco in February 2025 will see Govemment leaders and global road safety stakeholders
gather lo share experience and set commitments for 2030 and beyond. With over 130 countries with active
IRAP data and partnerships, the event will provide an opportunity to share success and inspire others lo
eliminate high-risk roads.
The UN Sustainable Development Goal to halve road deaths by 2030 will be a focus. Ensuring that the
eslimaled US$800 billion spent by road agencies worldwide is well placed and contributes lo the improvement of
Star Rating performance and the reduction of road trauma remains a priority for the charity. Global Programme,
Innovation and Development and Strategic Project efforts will support partners to achieve the UN Member Stale
agreed Global Road Safety Performance Targets, including..
Target 3 - By 2030, all new roads achieve technical standards for all road users that lake into account road
safely, or meet a three-stsr rating or beller
Target 4 - By 2030, more than 75°k of travel on existing roads is on roads that meet technical stsndards for
all road users that take into account road safely (equivalent lo a three-star rating or better).
Maximising the efficiency and impact of the charity's efforts will be cenlred on the use of Artificial Intelligen￿ and
AIRAP, innovative financing and the development of sustainability linked financing for road safety and the
integration of Stsr Ratings in Commonly used road design products used by the road industry.
The charity will also seek to maximise the road safety outcomes and synergies with the UN Decade of
Sustainable Transport and ongoing global efforts to address climate Change, mode shift and climate resilien￿.
By 2030 the charity aims lo influence the safety of over US$200 billion of road investment and most importantly
save more than 2 million people from death and injury worldwide.
Page 15

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure? governance and management (continued)
PARTNERSHIPS
FOR 2030 IMPACT
IRAP?
132
TTrVJUSAND
PMThERS
COUNTRIES ASSESSED
180
IRAP 273
ACCREDITED
¢WIIIR￿s IIIILUE14CED
0.142
***+
IM#OVATK
PARINERS
111
THQUSAND
BILLION
8ETfER
MILLION
MILLION
1.9
1.9
1S)KM- QKM
86
8.4 MILLICII
DESIUIS
STIR RATED
klSK MAppeD
1,940
76
O Q
uswc SNS I*
IITTrI
THOUSAMD
,£@ FOUNDATION
Page 16

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial slalements in accordance with applicable law and United
Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the slate of affairs of the Group and the Company and of their incoming resources and application of resources.
including their income and expenditure, for that period. In preparing these financial statements, the Trustees are
required lo..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial stslemenls.,
prepare the financial statements on the going concern basis unless il is inappropriate to presume that the
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Group and the Companls transactions and disclose with reasonable accuracy at any time the financial
position of the Group and the Company and enable them lo ensure that the financial slalements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of infomiation to auditor
Each of the persons who are Trustees at the lime when this Trustees. report is approved has confirmed Ihal..
so far as that Trustee is aware, there is no relevant audit information of which the charitable group's
auditor is unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charitable group's auditor is aware of that
information.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Miquel Nadal
Trustee
Dale.. 29 May 2025
Page 17

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INTERNATIONAL ROAD ASSESSMENT
PROGRAMME
Opinion
We have audited the financial statements of International Road Assessment Programme Ilhe 'parenl charitable
companll and ils subsidiaries Ilhe 'group'l for the year ended 31 December 2024 which comprise the
Consolidated slalemenl of financial activities, the Consolidated balance sheet, the Company balan￿ sheet, the
Consolidated slalement of cash flows and the related notes, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 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 stale of the Group's and of the parent charitsble companls affairs as al 31
December 2024 and of the Group's incoming resources and application of resources, including ils income
and expenditure for the year then ended.,
have been property prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII 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 accordan￿ with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and
appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In aLJdiling 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 identtfied any material uncertainties relating to events or
conditions that, individLJally or collectively, may cast significant doubt on the Group's or the parent charitable
companls ability to continue as a going concern for a period of al least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the
relevant sections of this report.
Page 18

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INTERNATIONAL ROAD ASSESSMENT
PROGRAMME (CONTINUED)
other information
The other information comprises the information included in the Annual report other than the financial slalemenls
and our Auditor's report thereon. The Trustees are responsible for the other infom)alion contained within the
Annual report. Our opinion on the financial slalements does not cover the other information and, eX￿p1 lo the
exlenl otherwise explicitly slated 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
misslalements, we are required lo determine whether this gives rise to a material misslatemenl 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 lo report in this regard.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and ils environment obtained in the
course of the audit, we have not identified material misstalemenls in the directors, and trustees, annual report.
We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion=
adequate and sufficient accounting records have not been kept by the Group and charitable company, or
retums adequate for our audit have not been received from branches not visited by us,. or
the Group's and charitable company s financial st8lemenls are not in agreement with the accounting records
and returns., or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit- or
the trustees were not entitled lo prepare the financial statements in aC￿rdan￿ with the small companies,
regime and lake advantage of the small companies. exemptions in preparing the Directors, and Trustees,
Annual Report and from the requirement to prepare a strategic report.
Responsibilities of trustgos
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the
¢haritable Company for the purposes of company lawl 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 lo enable the preparation of financial statements that are free from material
misstatement, whether due lo fraud or error.
In preparing the financial slalements, the Trustees are responsible for assessing the Group's and the parent
charitable company's ability lo conlinLJe as a going concern, disclosing, as applicable, mallers related to going
COn￿M and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group
or the parent charitable company or lo cease operations, or have no realistic alternative but lo do so.
Page 19

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INTERNATIONAL ROAD ASSESSMENT
PROGRAMME (CONTINUED)
Auditorfs responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misslalement, whether due to fraud or error, and to issue an Audilorfs report that includes our
opinion. Reasonable assuran￿ is a high level of assurance, bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misslatemenl 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 lo influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are lnStsn￿S of non-compliance with laws and regulations. We design prO￿dureS
in line with our responsibilities, outlined above, lo delecl material misslatemenls in respect of irregularities,
including fraud. The extent lo which our prO￿dureS are capable of delecling irregularities, including fraud is
detailed below..
Our assessment focused on key laws and regulations the charitable company has lo comply with and areas of
the financial slalemenls we assessed as being more susceptible to misslatemenl. These key laws and
regulations included, but were not limited lo, compliance with the Companies Ad 2006, Charities Ad 2011,
taxation legislation, data protection, anlibribery and employment legislation.
We are not responsible for preventing irregularities including fraud. Our approach lo deteding iregularities
including fraud included, bul was not limited lo, the following..
obtaining an understanding of the legal and regulatory framework applicable to the group and charitable
company and how the group and charitable company is complying with that framework, including agreement
of financial statement disclosures lo underlying documentation and other evidence.,
obtaining an understanding of the group and charitsble companvs control environment and how the group
and charitable company has applied relevant control procedures, through discussions with Trustees and
other management and by perfomiing walklhrough testing over key areas,.
obtsining an understanding of the group and Charitsble companys risk assessment prO￿$s, including the
risk of fraud.,
reviewing meeting minutes of those charged with governance throughout the year-, and
performing audit testing over the risk of management override of controls, including testing of joumal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting estimates for bias.
Whilst considering how our audit work addressed the detection of Ir￿gUIanties, we also consider the likelihood of
detection of fraud based on our approach. Irregularities arising from fraud are inherently more difficult lo detect
than those arising from error.
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 misslatemenl in the financial slalements or non-compliance with regulation. This risk
increases the more that compliance with a Isw or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely lo 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 ftjrther description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditor's report.
Page 20

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INTERNATIONAL ROAD ASSESSMENT
PROGRAMME (CONTINUED)
Use of our report
This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit wort( has been undertaken so that we might slate to the charitable
companls members those mallers we are required to stale lo them in an Audilorfs report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than
the charitable company and ils members, as a body, for our audit work, for this report, or for the opinions we
have formed.
l e-fj,. ly4T lig
Glen Bott (Senior Statutory Audilorl
for and on behalf of..
Cooper Parry Group Limited
Stslulory Auditor
Cubo Birmingham
4th Floor
Two Chamberlain Square
Bimingham
B3 3AX
Dale.. 10 June 2025
Page 21

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from-
Donations and grants
Charitable activities
Other trading activities
Other income
1,423,753
2,009,188
791,623
81,777
1,423,753
2,009,188
791,623
81,777
1,455,511
1,023,044
657,259
177,643
Total income
4,306,341
4,306,341
3,313,457
Expenditure on:
Raising funds
Charitable activities
620,984
3,424,598
620,984
3,424,598
440,574
2,556,528
Total expendlture
4,045,582
4,045,582
2,997,102
Net movement in funds
260,759
260,759
316,355
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
18
1,046,049
260,759
1,046,049
260,759
729,694
316,355
18
Total funds carried forward
18
1,306,808
1,306,808
1,046,049
The Consolidated statement of financial adivities includes all gains and losses recognised in the year.
The notes on pages 26 to 42 fomi part of these financial statements.
Page 22

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
REGISTERED NUMBER: 05476000
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixed assets
Tangible assets
Current assets
14
28,291
15,319
Debtors
Cash at bank and in hand
16
670,730
2,441,751
346,828
2,804,656
3,112,481
3,151,484
Creditors.. amounts falling due within one
year
17
11,833,964)
12,120,754)
Net current assets
1,278,517
1,030,730
Total assets less current liabilities
1,306,808
1,046,049
Total net assets
1,306,808
1,046,049
Charity funds
Reslricled funds
Unreslricled funds
18
18
1,306,808
1,046,049
Total funds
1,306,808
1,046,049
The Trustees acknowledge their responsibilities for complying with the requirements of the Ad with respect lo
accounting records and preparation of financial statements.
The financial statements have been prepared in accordan￿ with the provisions applicable to entities subject lo
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Miquel Nadal
Director
Dale.. 29 May 2025
The notes on pages 26 to 42 fomi part of these financial stslements.
Page 23

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
REGISTERED NUMBER: 05476000
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
14
28,291
100,001
15,319
100,001
15
128,292
115,320
Current assets
Debtors
Cash at bank and in hand
16
481,769
2,298,814
429,416
2,561,202
2,780,583
2,990,618
Creditors.. amounts falling due within one
year
17
11,602,070)
12,059,889)
Net current assets
1,178,513
930,729
Total assets less current liabilities
1,306,805
1,046,049
Total net assets
1,306,805
1,046,049
Charlty funds
Restricted funds
18
Unrestricted funds
18
1,306,805
1,046,049
Total funds
1,306,805
1,046,049
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject lo
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Miquel Nadal
Director
Dale.. 29 May 2025
The notes on pages 26 to 42 fom) part of these financial statements.
Page 24

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
Cash flows from operating activities
Nel cash used in operating activities
21
1340,9451
1,985,461
Cash flows from Investlng actlvltles
Purchase of tangible fixed assets
121,9601
111,1281
Net cash used in investing activities
121,9601
111,1281
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
1362,9051
2,804,656
1,974,333
830,323
Cash and cash equivalents at the end of the year
22
2,441,751
2,804,656
The notes on pages 26 to 42 fomi part of these financial stalemenls.
Page 25

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
1.1 Basis of preparation of financial ststements and Consolidation
The financial statements consolidate the activities of Intemational Road Assessment Programme and
of its subsidiary undertaking, Road Assessment Services Limited I'lhe subsidiary'l.
The financial statements have been prepared under the historic cost convention, unless otherwise
slated in the relevant accounting policy, and in accordance with the the Financial Reporting Standard
Applicable in the UK and Republic of Ireland IFRS 1021, the Accounting and Reporting by Charities=
Statement of Recommended Practice applicable lo charities preparing their accounts in accordance
with the Financial Rew)rting Standard applicable in the UK and Republic of Ireland IFRS 1021
(published in October 2019 and effective from 1 January 2019}, the Charities Act 2011 and the
Companies Act 2006.
Intemalional Road Assessment Programme meets the definition of a public benefit entity under FRS
102.
The Consolidated Statement of Financial Activities ISOFAI and Consolidated Balance Sheet
consolidate the financial statements of the Company and ils subsidiary. The results of the subsidiary
are consolidated on a line by line basis.
The Company has taken advantage of the exemption allowed under section 408 of the Companies
Act 2006 and has not presented its own Statement of Financial Activities in these financial
statements.
The income and expenditure account for the year dealt with in the financial statements of the parent
charitable company was a surplus of £260,75912023'. surplus of £316,355).
1.2 Going concern
The Iruslees have a reasonable expectation that the charity has adequate resources to continue in
operational existence for the forseeable future. For this reason they continue to adopt the going
concern basis in preparing the financial statements.
The financial statements have been prepared on a going concern basis. The trustees have reviewed
and considered relevant information, including the annual budget and future cash flows in making
their assessment. Based on these assessments, the trustees have concluded that they can continue
to adopt the going concern basis in preparing the annual report and accounts.
Page 26

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.3 Income
All income is recognised On￿ the charity has entiliemenl lo the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Project income is recognised on the stage of completion of the project, which is calculated based on
the estimated margin at completion of the project.
Grants are included in the Consolidated ststemenl of financial activities on a re￿1vable basis. The
balan￿ of income received for specific purposes but not expended during the period is shown in the
relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt,
its recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is re￿ived, the income is accrued.
Donated professional services and facilities are recognised on the basis of the value of the gift to the
company which is the amount il would have been willing to pay to obtain services or facilities of
equivalent economic benefit on the open market., a corresponding amount is then recognised in
expenditure in the period of receipt.
Other income is recognised in the period in which il is receivable and to the extent the goods have
been provided or on Completion of the servi￿.
1.4 Expenditure
Expenditure is recognised once there is a legal or Constructive obligation lo transfer ewnomic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in selllemenl and
the amount of the obligation can be measured reliably.
Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs
and shared costs, including support wsts involved in undertaking each aclivily.
Direct costs attributable to a single activity are allocated directly to that activity.
Shared wsls which contribute to more than one activity and support costs which are not attributable
to a single activity are apportioned between those activities on a basis consistent with the use of
resour￿8.
Central stsff costs are allocated on the basis of time spent, and depreciation charges allocated on the
portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Group's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those Cases where the offer
is Conditional, such grants being recognised as expenditure when the conditions allaching are
fulfilled. Grants offered subject lo conditions which have not been met al the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 27

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.5 Taxation and deferred taxation
Inlemalional Road Assessment Programme is a registered charity and as such is exempt from
income lax and corporation tax under the provisions of Section 478 of the Corporation Tax Act 2010.
There is no similar exemption for VAT, which is included in expenditure or in the cost of assets as
appropriate.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets are capilalised and recognised when future ewnomic benefits are probable
and the wst or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be
included in the measurement of wsl.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straighl-line method.
The estimated useful lives are as follows..
Office equipment
Computer equipment
3 years
2 years
Fixed assets are reviewed for impairment where there are indications their service potential may be
reduced. For example, an asset related lo a specific activity will be reviewed for impairment when
there are indications the adivity may ￿ase or be reduced.
1.7 Interest recievable
Interest on funds held on deposit is included when re￿1vable and the amount can be measured
reliably by the charity., this is normally upon notification of the interest paid or payable by the Bank.
1.8 Debtors
Trade and other debtors are recognised al the selllemenl amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
1.9 Cash at bank and in hand
Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the date of a￿ulSIt10n or opening of the deposit or similar account.
Page 28

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.10 Liabilities and provisions
Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in selllemenl, and the amount
of the settlement can be eslimaled reliably.
Liabilities are recognised at the amount that the Company anlicipales il will pay to settle the debt or
the amount it has received as adVan￿d payrnenls for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the Consolidated stslemenl of financial activities as a
finance cost.
1.11 Financial instruments
The Charills activities expose it to the financial risk of changes in foreign exchange rates and they
therefore enter into fonNard contracts to hedge against volatile exchange rale movements.
Derivatives are initially recognised at fair value on the dale a derivative contract is entered into and
are subsequently remeasured al their fair value. The method of recognising any resulting gain or loss
depends on whether the derivative is designated as a hedging instrument and, if so, the nature of the
item being hedged.
Changes in the fair value of any derivative instruments that do not qualify for hedge accounting are
reWgnls￿ immediately in the income statement.
1.12 Foreign currencies
Monetsry ass8ls and liabilities denominated in foreign currencies are translated into sleding al rates
of exchange ruling al the balan￿ sheet dale. Transactions in foreign currencies are translated into
sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognise
in the statement of financial aclivilies.
1.13 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity lo the fund in respect of the year.
1.14 Fund accounting
General funds are unreslricled funds which are availabl8 for use at th8 discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
slatemenls.
Investment income, gains and losses are allocated to the appropriate fund.
Page 29

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Critical accounting estimates and areas of judgment
Eslimales and judgments are continually evaluated and are based on historical experien￿ and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The Company makes estimates and assumptions Con￿rning the future. The resulting accounting
eslimales and assumptions will, by definition, seldom equal the related actual results.
Critical areas of judgment..
The assessment of the useful economic lives and the method of depreciating fixed asset requires
judgement. Depreciation is charged lo the Slalement of Financial Activities based on the useful economic
life selected, which requires an estimation of the period and profile over which the Company expects lo
nsume the future economic benefits embodied in the assets.
Income from donations and grants
Unrestricted
funds
2024
Totsl
funds
2024
Total
funds
2023
Donations
28,270
1,395,483
28,270
1,395,483
36,904
1,418,607
Grants
1,423,753
1,423,753
1,455,511
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Project delivery income
Accreditation
1,955,753
30,597
22,838
1,955,753
30,597
22,838
965,389
41,787
15,868
Webinars
2,009,188
2,009,188
1,023,044
Page 30

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from other trading activities
Income from non charitable trading activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Nel income from trading subsidiary
791,623
791,623
657,259
Total 2023
657,259
657,259
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Interest re￿1vable
32,929
48,561
287
32,929
48,561
287
809
other operating income
Subsidiary interest receivable
176,834
81,777
81,777
177,643
Page 31

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on raising funds
Other trading expenses
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Cost of sales
460,686
12,571
117,065
30,662
460,686
12,571
117,065
30,662
274,252
15,198
133,493
17,631
Adminislralion expenses
Cost of sales staff costs
Administration staff costs
620,984
620,984
440,574
Total 2023
440,574
440,574
Analysis of grants
Grants to
Institutions
2024
Totsl
funds
2024
Total
funds
2023
Grants to EIFIA
70,266
70,266
8,631
Analysis of expgnditurg on charitsble a¢tivitigS
Summary by fund type
Unrg$tri¢tgd
funds
2024
Total
2024
Total
2023
Charitable activities
3,373,773
50,825
3,373,773
50,825
2,537,101
19,427
Governance costs
3,424,598
3,424,598
2,556,528
Total 2023
2,556,528
2,556,528
Page 32

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. Analysis of expenditure by activities
Activities
undertaken
directly
2024
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charitable activities
Governance costs
3,128,909
70,266
174,598
50,825
3,373,773
50,825
2,537,101
19,427
3,128,909
70,266
225,423
3,424,598
2,556,528
Total 2023
2,338,808
8,631
209,089
2,556,528
Analysls of dlrect costs
Charitable
activities
2024
Totsl
funds
2024
Total
funds
2023
Staff costs
1,102,970
54,384
26,120
32,849
164,856
178,300
60,719
24,187
1,484,524
1,102,970
54,384
26,120
32,849
164,856
178,300
60,719
24,187
1,484,524
995,200
48,338
15,121
27,429
143,557
126,905
89,208
51,541
841,509
Other staff costs
Communications
Premises
IT costs
Travel
Events
other costs
Subcontractor costs
3,128,909
3,128,909
2,338,808
Total 2023
2,338,808
2,338,808
Page 33

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. Analysis of expenditure by activities (continued)
Analysis of support costs
Charitable
activities Governance
2024
2024
Total
funds
2024
Total
funds
2023
Stsff costs
Other staff costs
106,647
11,258
14,229
37,978
128,956)
24,453
106,647
11,258
14,229
37,978
128,956)
24,453
50,825
8,989
96,113
11,114
14,487
28,496
13,742
17,400
19,427
8,310
Finance costs
Insuran
Exchange differences
Other costs
Govemance
50,825
Depreciation
8,989
174,598
50,825
225,423
209,089
Total 2023
189,662
19,427
209,089
11.
Net incomel{expenditure}
2024
2023
Operating lease rentals
Depreciation on tangible fixed assets
Nel (gains} I losses on foreign exchange
Fees paid to auditor for-
aLJdil
13,195
8,989
128,9561
12,565
8,310
13,742
13,850
1,625
13,200
1,400
other services
Page 34

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. Staff costs
Group
2024
Group
2023
Company
2024
Company
2023
Wages and salaries
Social security costs
Pension costs
Other employee benefits
1,178,566
59,940
118,838
65,642
1,084,605
53,478
104,354
59,452
1,030,839
59,940
118,838
65,642
933,481
53,478
104,354
59,452
1,422,986
1,301,889
1,275,259
1,150,765
The average number of persons employed by the Company during the year was as follows..
Group
2024
No.
Group
2023
No.
Employees
17
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60.000 was:
Group
2024
Group
2023
In the band £60,001 - £70,000
In the band £70,001- £80,000
In the band £80,001- £90,000
In the band £90,001 - £100,000
In the band £100,001- £110,000
In the band £110,001- £120,000
In the band £140,001- £150,000
In the band £180,001 - £190,000
The key management personnel of the charitable groLJP comprise the trustees and the senior
management team, namely the Chief Executive Officer and the Chief Financial Officer. The total amount
of key management personnel benefits (including employer pension contributions and employer national
Insuran￿ conlributionsl received by key management personnel for their services lo the charity was
£326,03512023.. £271,463)
13.
Trusteo$' ramunoration and oxp8nsgs
During the year, no Trustees received any remuneration or other benefits12023 - £NILI.
During the year ended 31 December 2024, expenses tolalling £1,530 were reimbursed or paid directly to
1 Trustee {2023 - £3,560 10 3 Trustees). Expenses were in respect of travel and compliance costs.
Page 35

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. Tangible fixed assets
Group and Company
Office
equipment
Cost or valuatlon
At 1 January 2024
Additions
58,200
21,960
At 31 December 2024
80,160
Depreciation
At 1 January 2024
Charge for the year
42,881
8,988
At 31 December 2024
51,869
Net book value
At 31 December 2024
28,291
At 31 December 2023
15,319
Page 36

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15.
Fixed asset investments
Investments
in
subsidiary
companies
Company
Cost or valuation
At 1 January 2024
100,001
At 31 December 2024
100,001
Net book value
At 31 December 2024
100,001
At 31 December 2023
100,001
Principal subsidiaries
The following was a subsidiary undertaking of the Company..
Name
Company Registered office or principal Holding Included in
number
place of business
consolidation
Road Assessment Services 08070356 60 Trafalgar Square, London,
Limited
WC2N SDS
100/0 Yes
The financial results of the subsidiary for the year were..
Nam
Incom
Exponditur
Profitl{Loss)
I Surplusl
ID8ficitl for
the year
Net assets
Road Assessment Services Limited
791,623
1654,3251
137,298
100,004
A gift aid payment was made from the subsidary to the parent charitable company of £137,298 12023:
£169,1421 in line with the terms of the deed of covenant.
Page 37

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16. Debtors
Group
2024
Group
2023
Company
2024
Company
2023
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
343,083
126,095
112,155
199,866
54,864
114,884
60,568
226,472
63,712
78,664
74,831
252,816
63,712
157,021
Prepayments and accrued income
670,730
346,828
481,769
429,416
17. Credltors: Amounts falllng due wlthln one year
Group
2024
Group
2023
Company
2024
Company
2023
Trade creditors
Amounts owed lo group undertakings
Other taxation and social security
Other Creditors
Accruals and deferred income
191,386
41,904
19,314
358
53,429
12,482
1,516,487
7,063
53,429
12,482
1,576,667
64,580
6,134
2,008,136
61,404
6,134
1,985,288
1,833,964
2,120,754
1,602,070
2,059,889
Group
2024
Group
2023
Company
2024
Company
2023
Deferred income at 1 January 2024
Resources deferred during the year
Amounts released from previous periods
1,671,892
1,197,315
11,671,8921
140,136
1,668,326
1,671,892
1,177,492
1140,1361 11,668,3261
123,780
1,668,326
{123,7801
1,197,315
1,671,892
1,177,492
1,668,326
Page 38

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Statement offunds
statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expenditure
Unrestricted funds
Designated funds
Viasofia fijnd
Europe Road Safely Fund
26,401
121,792
26,401
51,526
170,2661
148,193
170,266)
77,927
General funds
General fund
897,856
4,306,341
13,975,316)
1,228,881
Total Unrestricted funds
1,046,049
4,306,341
14,045,582>
1,306,808
Designated funds relate to:
Viasofia fund - the purpose of this fund is to help with the ￿SIS in determining the future investment
potential in road safely data in the field of Artificial Intelligence.
Europe Road Safely Fund the purpose of this fund is lo help with future work on improving road safety
in Europe. Monies for this fund have arisen following the dissolution of EuroRAP in November 2023.
Statomont of funds - prior year
Balance at
31
December
2023
Balance at
1 January
2023
Income Exponditure
Unrestricted funds
Designated funds
Viasofia fund
49,116
122,7151
26,401
121,792
Europe Road Safely Fund
121,792
49,116
121,792
122,7151
148,193
General funds
General fund
680,578
3,191,665
12,974,387)
897,856
Page 39

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Statement of funds (continued)
statement of funds prior year (continued)
Balance at
31
December
2023
Balance at
1 January
2023
Income Expenditure
Total Unrestrlcted funds
729,694
3,313,457
12,997,102)
1,046,049
19.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
28,291
28,291
3,112,481
3,112,481
11,833,964) 11,833,964)
Creditors due within one year
Total
1,306,808
1,306,808
Analysis of ngt a$$gt$ botwegn funds - prior period
Unrgstrictad
funds
2023
Total
funds
2023
Tangible fixed assets
Current assets
15,319
15,319
3,151,484
3,151,484
12,120,754) 12,120,754)
Creditors due within one year
Total
1,046,049
1,046,049
Page 40

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
20.
Pension commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately
from those of the group in an independently administered fund. The pension cost charge in the year
represents contributions payable by the group lo the scheme and amounted lo £118,838 12023..
£104,354). At the year end, contributions of £7,069 12023.. £6,052} were payable to the scheme and are
included in creditors.
21.
Reconciliation of net movement in funds to net cash flow from operating activities
Group
2024
Group
2023
Nel income for the period las per Statement of Financial Activities)
260,759
316,355
Adjustments for:
Depreciation charges
Decreasellincreasel in debtors
Increaselldecreasel in creditors
8,988
1323,9021
1286,7901
8,310
48,952
1,611,844
Net cash provided byl(used in) operating activities
1340,9451
1,985,461
22. Analysls of cash and cash equlvalents
Group
2024
Group
2023
Cash in hand
2,441,751
2,804,656
Total cash and cash equivalents
2,441,751
2,804,656
23. Analysis of changes in net debt
At1
January
2024 Cash flows
At31
December
2024
Cash at bank and in hand
2,804,656
1362,9051 2,441,751
2,804,656
1362,9051 2,441,751
Page 41

INTERNATIONAL ROAD ASSESSMENT PROGRAMME
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
24.
Operating lease commitments
At 31 December 2024 the Group and the Company had commitments lo make future minimum lease
payments under nOn-Can￿lIable operating leases as follows..
Group
2024
Group
2023
Company
2024
Company
2023
Not later than 1 year
5,937
13,195
5,937
13,195
25. Related party transactlons
Mr Avi Silverman, a Trustee of the charitable company, is the Deputy Director of the FIA Foundation.
which made grants to IRAP lotslling £1,274,80712023'. £1,293,816).
The connected charity, Road Safely Found81ion, is considered lo be a related party. During the year
income was received from this charity lo the sum of £181,455 {2023.' £201,149). During the year
purchases were made with the charity to the sum of £26,009 12023.. £4,000), and wages and salaries
costs were recharged lo the charity for the value of £81,654 12023.. £93,536). Al the year end £45,708
{2023'. £43,525) was due from the charity and included within Other Debtors.
Another connected Charity, Evropski ingiilul za O￿nIevanIe cesl - EuroRAP IEIRAI, is considered lo be a
related party. During the year a grant was given to this charity to the sum of £70,266 12023.. £8,631 }.
purchases were made with the charity to the sum of £5912023.. £Nill and wages and salaries costs were
recharged lo the charity for the value of £4,695 12023.. £1,324 recharged from EIRA}. Al the year end
£2,33712023'. £10,895) was due from the charity and included within Other Debtors.
The connected charity, The European Inslilule of Road Assessment IEuroRAPI, is considered to be a
related party. During the year income was received from the charity lo the sum of £Nil 12023.. £171,184).
purchases were made with the charity to the sum of £Nil 12023.. £8,565), and wages and salaries costs
were recharged to the charity for the value of £Nil 12023.. £14,468). At the year end £Nil 12023.. £Nill was
due to or from the Charity. The European Inslitue of Road Assessment IEuroRAPI was dissolved in
November 2023 and funds of £121,891 were transferred from the charity.
Mrs Shona Holroyd, Chief Financial Officer of IRAP, is both a Director of EIRA and the Chief Financial
Officer and Company Secretary of the Road Safety Foundation.
Dr Sue Sharfand. is a Trustee for both IRAP and the Road Safely Foundation.
The trading subsidiary is considered lo be a related party. The available exemption for transactions with
wholly owned subsidiaries under Section 20 FRS 102 has been taken.
26. Members. liability
Each member of the charitable company undertakes to contribute to the assets of the company in the
event of il being wound up while helshe is a member, or within one year after helshe ceases to be a
member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted
before helshe ￿aSe$ to be a member.
Page 42