THE ROAD WETYTRUST {A¢omyny Ilmlted byiuar4nteel Annual re)rt and finala1 statements for year ended 31 Mwch 2023 Registered number 37451 Charity rrnber 11563CKI
THE ROAD SAFETY TRUST IA ¢ompany limited by guarantee) FOR THE YEAR ENDED 31 MARCH 2023 The Road Safety Trust isa grant-fundin8 charity committed to makin8 UK road5 safer, achievin8 impact through the fundin8 of practical measures, earCh. dissemination and edation. We have funded 85 projects and awarded £6.8 million in 8rants since the chwity was established in 2014. be(omin8 the largest independent grant funder of ro safety initiatives in the UK. Our tradin8 subsidiary cornpany. UKROEd rnited I'LIKROEd"l. enables us to meet our charitable objectives throu8h its edUcatIL of road offenders and by distributing its surplus to the charity to give out in 8rants. We share the same vision and thi5 rep1 shows what we've been doing thisyearto help make ourvision a reality.
THE ROAD SAFEfY TRUST IA company limited by Byarantee) CONTENTS Page Trustees. report 1-16 Indeperthnt audltor< rep¢xt 17-19 Conso11dat sfat•mentoffhund•l artklt 20 Consoldated balancè$he4t 21 Char*y balanc• Sheèt 22 ConsoHdat•d ststem•ntof Ilows 23 Notestothe flnan¢hl st•tements 24.33
THE ROAD SAFETYTRUST IA company limited by guarantee) LEGAL AND ADMIN55TRATrVE INFORMATION Trustees Rachel Adred resigned 20 October 2022 Jagdeep Singh Chaggar resigned 20° ottober 2022 Tanya Fosdick lapp¢ynted 10th May 20221 Tony Fuller. Chair Shaun Helman (appointed 10th May 20221 Neil Hoose Sonya Hurt. Vice Chair Ire4nèd 5th April 20221 larnes Kean Deirdre ¢YRe11 (appointed 10th May 20221 Matthew Scott (appointed 10th May 20221 Philip Seccombe Iresigned 5thApril 20221 Jo Shiner Marlena Stefatlska Heather Ward Kathy Webster, Vio Chaif Anthony Wackman lappcintetl ¥, May 20231 Victorsa Coker lappolnted 9" May 20231 Compary secretary Hugh Suthedand Chlef Exe¢utlvè Sonya Hurt (appointed 18 July 20221 Sally Line5 Iresi8ned 29° July 20221 Company Number 08837451 ReglsterÈd Charty Number 115631Y) Reglstered Offic• Colwyn Chambers York Street Manchester M2 3BA Webslte www.roadsafetytru5t.or8.uk Statytory Audltor Crowe U.K LLP 55 Lud8ate Hill London EC4M 7JW
THE ROAD SAFETY TRUST IA company limited by guarteel IEGAL AND ADMINISTRATIVE INFORMATION Bankers Natwest, City of Icffidon Office PO Box 12258 I Princes Street London EC2R 8BP Ler41 Advlsors Pannone Corporate LLP 378-380 Deansgate Manchester M3 4LY
THE ROAD SAFETY TRUST IA company limrted by 8uaranteel TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 FROM THE CHAIR AND CHIEF EXECUTIVE WelcLNnè to consobdated Annual Report and kcounts lor thè yearended 31st Marth 2023. I'm ddighted to be aL4e to reportthat 13 rew road Safety project5 have been awarded grts duri thls period along with 5 grant increases to exithn8 projects to a value of El,359.289. These were all applications that were carefully a55es5ed and subjected to due dilenCe by our Road Safety Initiatives Comrnittee IRSICI and executive team to ensure that The Road Safety Trust achieves its purpose rA maximum irnpact UK road safety through the initiatives it fund With a small staff team of only 3.5 people and a voluntary LK>ard of Trustee4 much has been achieved. The Main Theme'Fitnessto Drive. applicaiion rouThJ resulted in 5 of the IS applicatn5 being awarded grants to a total 01 £1,108,905. The arf5 Small Grants Pro8ramme Okned in the Swing of 2022 and of the 14 eligible applications submitted 4 were awarded a total of £113.737. Coniinuing the new approach to increasing its impact in line with its strategic goals, theTrust also funded four Strate&'c PriorityGraniswiihkn the period to avalue of £73,080- and additicmal fundi of £63,568 was aw¥ded to existing projett It is vital lor charities to be able to articulate the difference they rnake with their fundin& and The Road Safety Trust works dili8ently to achieve this. We he a system framework for aclwevin8 meanir%ful monitoriry, capturing the results and enablirl timely POrting. We have a stron8 and cdlaborative Worki relationship with our grantees and are continually develtspin8 our sV5tem5 to ensure they are supported to complete their projects, assess their interventions and develop the impatt of the findin8S. The tharity said 8oodbyèto three ol our Trustees dwing theytar. Rachel Aldred. lagdeep Chaggar and Philip Seccombe. We are8ratefvl fortheir £cmmitment, skills and support and thè time they have given us. We welcomed Tanya Fosdic Deirdrè Re111Y and Shaun Helman to our Trustee board in May 2022. and Victoria Cokv and Anthony Blackman in May 2023. all recruited through a transparent prc<ess to meet skills requirements at Audit & Risk Ccfflmittet and Road Safety Initiative5 Committee levels respectively. Matthew kott Joined ihe board in May 2022 to wcwide representation of the Association of the Police and Crime Commissioners. There is mcKe detail abcwtTrustee recruitment on plo of the Trustees, Report. We also acknowledee Kathy Webster a1 Heather Ward who confimied thar second three-year term which Commenced 20, Octoter 2022. NOTE FROM THE CHAIR I'm proud to rèport that it has been another fanta5tK growth year for the twst. Sonya Hurt has taken tht rans in her role ol Chief ExecutNe and with a ynall, effecbve team and experieTKed board ol trustees has continued to move the Trust forward. The Road Safety Trust celelxated success at PrIt Michael International Road Safety Awards which reco8nises outstandir£ Khievement and inTh)vation in road safety. One wr pfojeits recwved the Premier Award which 15 presented to the or8anisation considered to have had most irnt on load safety durin8 the year. An incredible achievement and one which recognisès the importance of tyjr grant g¢vingactivitièS. ABOUT UKROEd With 311 of It5 actiwties, IheTrustcontinuestoworktowardstht visJnthatit share5 With itstrèair% subsidiary. UKROEd.. ?ero de•ths Mdzeroseriovs infvries on UK UKROEd provides the central assurance. standards a1 consistency of N()ORS Iihe National Driver Offender Retraining khemel. whi the scherne has run for more than 20 years. UKROEtts 8overnance structures were only esiablished in 2016 after The Road Safety Trust was ueated as its parent chartty. Thfou8h its attNities edLKatin8 road offenders, UKROEd carries out primary purpose rrading lor the charity and helps meet its charitable objectives. UKROEd is a not- for-prof5t ccxnpany which diStritrteS all its surpluses up to The Road Safety Trust for distribution through the Trusvs grants strate8V.
THE ROAD SAFETY TRUST IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Police. Crlme Sentencing and Courts Att 2022 makes speclfk proviyon for a pdiCi body to char8e a fee for approved courses offered as an atternative to prosecution for a fixed nalty road traffic offence. The Act sets out ptswers for the Secretary of State to make regulations èxercisable by statutory instrument in relation to a number of rnatters pertaining to the operation, administration and funding of the t¥OVi90n ol appro¥ed courses. This primarv legislation IaCeS ihe kheme on a firm statutory foundation. Simlfyi and clarfyiry thè legal and finarKil basis of the Scheme. Secondary legIatIon in the form of statutory instnJmenis will in due course be brou8ht forward for parliamentary approval, further specifyng detailed aspects ol provlsion of courses. Thè directors wll liaise with police forces and other stakeholder5 to ensure comlance wrth new legiststion and to maximlse the opptUnitY for improviryd road safety. PUBLIC BENEFIT Durin8 2022-23. Trustees CLN)tlnued to rleW the Charity Commi10n,$ guidance in rdation to pU1C benefrt and were again aL4etO8ive assurance thatThe Roa4 SaletyTrust the requirementsofthguidancethrou8houttheyear. In particular,Tru5tees ¢ortludèd that theTrust demonstrates publt benefrt through its supp)rt of projectsthat benefit vulnerable road users swh as professional drivers. cyclists. children. young drivers and horse rideri to ¢itè a few recent examples. Its 8rant-funded projects and development #ans illustrate hcw The Road SafetyTrust akns to benefit all UK road usèrs and passthe test of whether the Trust makK a luable differerKeto our sctlety. The board confirms that it has ¢omp16ed wlth the duty In Sl0n 17151 of the 2011 charle5 Act to have due regard to 8uidance published Charity commiOnI1.e.. wbllc tse1 statementl. THANK YOU TO OUR MEMBERS, GRANTEES AND STAKEHIXDERS Our members are the UK.based police forces that participare in the Natioftal Orlver Offender Retr•ning Scheme INDORSI. The5r support of the Trust's work is vital to enable the charity to make the differènce it has as its missic. Member police for5 work in partnership wilh ro•J safety or8anisations and It31 communities, encouraging grani applications and spreadin8 awareness about S(essful wojects and initiatives. We a grateful to Chief Con5table lo ShSner for presentIng the rnembership on the board of Trustee& We have so far funded 85 road safety projrfts beir run by 60 different or8anisations- our grantees. We work in partnership with all our grantee5 who understand that their project objective5 are our charitable objectives and it Is In the interest of our beneficiaries Ithe foad-using publicl Ihat we work with 8rantees to help achieve those obltiVe We thank our grantees for fespectlre the honesty. transparerKy and collat¥)raiive approach that agenuirne partnershlp requSres, sharing a £ommltment io.. Rigour Independ£e and challen8e Knowledge Effectiveness Collaborauon Flexikn-liiy Proacti*7lv Even thou8h it has beet) awarding grants rK)w f(x 6 years The Road Safety Trust remain5 a rdatively yourg charltable grant funder and has some othef key stakeholders e.g. PAcfs and RSG8, wlth Wh( it works in partnership Sn addition to its members and grantee5. for whose support we are 8rateful. The Trusys sole source of income for grarts is its trading subs1dsarycompy. UKROEd. so we would like to exwess our thanks to the UKROEd staff team and board ol directors Ic¥ continuing ro operate the NDORS scheme efficiently and effettively around the country. Anyone who attends an NDORS COUTse- physically or virtually- can be assured that the Scheme is cosr effectwe, while contributing any surplu5 generated direcdyto the charity's purpx)se of rnaknng UK roads safer. The partnership beeen UKROEd and theTrust forms a virtuous cirdeof rrainin& funding and research.
THE ROAD SAFETY TRusr IA company limited by 8yarantee) TrUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023 VISION. PURPOSE AND AcrNmES Thevtslon. Purpose and Straielk Prlorltle5 of the Twst are out11rd in thè Strategy Map in the figure. A review of the ¢harl$ strategy was carried out in 2022. eng<1 with and rÈc(8nisin8 our key stakeholders, resulting in some new initiativesfor Implementation from April 2023. prreSS made agalnst the strategic prioritiesand obiectNèsthroh 2022-2315 summarised below.. VIS Strategy Map 2021-2024 TpoS l. Str•te£l¢ Prlorlty: Inte1lle that defines al Determlne where gr•nts are best tsrgeted to rnake a dlfferentt to UK road safety Met.. This year's theme. Fitness to Dfive. was initially identified through cwgjltètion with stakehdders. SplfIC areas ol fcKus were developed through a piece of tar8eted commissioned research which we thèn published. As part of our updated 5trate8y next yearfs main grants round will be Op-. applications may add$5 any road safety issues wlthout the structure of a theme, so lon8 as tY meet fundire criteria. In 2024-25 the Subsequent main tme 8rani r(n will be centred on Road Safety and Equality and Deprivati. This is in response to gaps in research and provision and to bridge the gap between organisatignsworking with gicwjps arm1 the road safety profession and academi¢s. 2. Strategic Prlorlty.. Re5e3rth that infomts al Attract hh quallty re5earrh applicatlon5 Met.. The apwoach of commissioning research lo help Shape the Fitnèss to Drive fundi rwnd helped improve the quality of applicatior6 recwved, which were consistently of a good standard. The lffus was to empha515e areas where more research is needed and to trAidge gaps btheen evidence arxl practite. Fourteen aPpIatiOnS were re1Ved and rive were funded.
THE ROAD SAFETY TRUST IA company lirnlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 bl A ¢lear. 48reed pathway for pmjects to progress from research to pracil¢al or knteNentlon Parrially met.. Our application 8uid3te prLKess has been lurther developed to highlight that rKojects need to demonstrate h)w they will le1 io either a practica road safety intervwtion or inform and influence picY. Projerts are SUp)rted by theTrust to progress alon8the path. as demonstrated by the ir(reayn8 number of follow-on grants. Of the 18 projects that closed in the yeai, 12 resulted in practxal trA)15 or intervention5 or were supported on theirjourney to prattical implementation thrOh follow on fundings. 3. Strateglc Prlorlty.. PIIL)ts that test al Met.. The Small Grants Programme is used to erKwra8epilotin8 of kKItenti1yhBh impatt initiativÈs. Thisyearfs Small Grants round focused on taking forward previousty ffvnded areas of work. Four awards were made. A livè webinar was offered when the round was opened tceether with l..1 online dirucs for prospective applKants. The Small Grants aprAicatbon form was re-written and f°ned to make it mce ceSsible to practical projects. This irKludes a new.w0rklk for Applicants, with definitions and worked eXpIeS. A particular IcKus was on supporting applicants to write clear project aims and objectives. knall grants have been successful Sn increasir8 the number of pilotslprojectswith a aCtICal comp¢J)ent in our prfolio. bl The Trus1 b5 mnsldered a vltsl supwt and a¥AfÈness-Alskni P¥kner In the prolectrs umey to practkal Int•rventlon Met.. ThèTrust has continued to raise awareness ol Its proj&ts. wth %bbinars which hdp to promote the potentSal and 8rantees to continue to be more effÉxtSve in t1( efftyts. 4. Strateglc Prlorlty.. DI95ern1nath that rea¢hes ¥) Q>llaborète wlth irantees to ensure dlssèmknathn that m•xlm15es the opportUnV to reach taryet audlen¢es and achleve Impart Met.. Projects have dissemination plans whith Show how they VAII share le¥nin8 and promotion and make available outputs such as tools and resour¢e5. Projects have proiknced short promotional videos. and t have been shared on national conference platforms narnely Road Safety GB NatiCal Confelee )d NPCC/UKROEd conferènce in 2022. This brought the projects to life and in the words of the grantees. They shed thetr eXperIee of working with the TrusL how rA)Sitive this was and the dIfferee thè funding had made to their road safety initiaiives. This will be an Wea of focus 8cin8 forward Into 2024, 10-ye animvefsary. A symposium is planned to Sha and empand upon the reach ofour projects and mamise the gOIng impart of the work funded and ¢s a key opportunityfcy the Trust. bl Thè road safety communSty 15 cle•r •bout thedllF•fence the Tntst makÈ5 and h5 ro In 8rant-fvndln& corh¥enlng and partnershlp potentbal Partially Met.. By undertaknng cotystent messa8in& press releases. eBulletini case study production. weby'te and social media activities Idirectty and in partnership), theTrust has been able toclearlyconvey ils purpDse within the road safety community and amoryst other stakeholders. We covered 104 pieces of media in 2022123 with l(MYA of all coverage deliverin8 key messa8es to enswe that the over¥¢hing aims were being delivered. cITheTrusV5 Inyart and dlllerence madèthrou8h its fvnded wole¢ts1$ 8athered and artlculatsd on a regular basS5 Met.. The Trust 8athèrs al information for profre(ts annuallyand prode$ an at-a-glanceoverview. We marked our first flve years of 8rant-8ivin8 in 2021 and will produce our second put4Kation in 2024. The 2024 report will outline further how we have developed our fr¥nèwork for measuring and monitor*n8 the impact of a 8rant and the projects it funds. The Grants& Impatt Oirettor role reflècts the iMportae pled on Imw by the Trust. now and in the futu. 5. Strateglc Prlorlty: Athiocary that Innuences al Identlfy advocary opportunllles for completed and orydoln8 projects Met.. In ditIon to the a(fvcKacy work rhe Trust carries out it5eW, such as Tesponses to relevant 8overnment consultatlOn5 and media actiwty. Trust has entered into a partnership wth PACtS (Padiamentary Advisory CourKil forTransport Safetyl to maximise advcKacv kW)tential pfoiects it hasfunded. An Advocacy Officer has been employed by PAcfs on a trial basis for two years to focus progressin£ projetts which have the pK)tential to have a legislative
ThE ROAD SAFETY TRUST IA company15mited by guarantee) TRUSTEES, REpoKr FOR THE YEAR ENDED 31 MARCH 2023 andlor pk)licy impact dregular review5 are held to monitor how ¥%*ll thi5 approach isworkir8. Thispolicy role 5UPPOrts our strate8ic objective ol'Advocacy that Influence by wryking on key recommendations as identified in prewous R5r funded projects in order t0contritteto reducin8 death and serious injuryon UK Roads. This has been achievedthroLEh support for wide ran8e of acbvities which itKlude briefings conferee$ and convening events and providin8 expert advice to government committees. Road Safety Policy Briefings 8riefin8 on Vehicle Safety Regulaticffisfor GB: Vaccine for Vehicle$ 2022 Briefing on the safety of private e-S(OOters.' E-sCte Briefing on Vèhicle Safety Regulations lor GB.. Vaccine for Vehlcles Briefing on Seat belts.. Seat beS.. fime for A(tion Road Safety Conferences and Convenin8 Events PACTS swing conferee, March 2022.. Safe System-from prinople to practKe- 1710312022 30th Westminster Lecture." &rron French- Reflections on 18 yews as a railway accident Investigator 1110412022 luselul as the Road Safety Investigation Brarth is d£wdogedl PA5 councll of members meetir£ and 40rh-anniversary reception- 1710712022 PAcfs autumn cference.. Equality in transp)rt safety conferee- 1911012022 Project EDw(D parliamentay reCeptiC-Artended by 10 parliamentari5 includire the road safety minlster 1211212022 PAcfs Sprin8 confererKe- Mscromobility.. Sustainability Salety. Safety re8ulation needed as mluomobilty itse grows - PAcfs-3010312023 Provlslon of expert adwce to Consultation5 and Government Committees DfT Consultatlon.. Establishing a G8 type-approva scheme for road vehicles- 3010612022 DfT Call lor EviderKe.' Protecti the public from repeat dru8 drivin8 offenders- 28/C612022 Law Commission Consultation on Remote Or1n8 - 0510912022 CC4V Consultation.. Safety standards lor autonomojs velicles- IOI1012022 Transport Sele¢t Commlttee Inouiry.. Sell4lrivlne vehKle5- 1711012022 PAcfs joint response wtth ROSPA to DIT C$ttali on drivin8 licensiw rewew.
THE ROAD SAFETY TRUST {A company limited by 8uaranteel TrUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023 STRATEGIC REPORT REPORT OF THE 80ARO OF TRusfEES In the year under rew, theTrust contin1 to Tun its grant application rounds as well a5 C(Y¢5ideration and awardin8 ol follow-up fuN11. The Trust invites applications for 8rants annourKireeither a main themed round or a small grant5 programme round. Detai15 of how to make an applicatK)n are available on the Trusvs website, including formal wlicies, 8uidance. tips and vldeos. Applicants are asked to register on our I%Ete. resp)ndin8 to a questionnaire to ensurethat their organisation 15 eligible accordin8 to our published criteria. The content of grant apIcab0nS is Sprtled in instructions to applicant5. includiry objectives. beneficiaries, outcomes. metfvjd0l, evaluation, collatrKJration. innovation, Schedu and budget. Applications are assessed by the staff on Giants Team and the Trustees on the Road Safety Initiatives Committeè. Grant applications whKh mostcl¢)5ely align with our crittria are wt forward for approval bytht lull board of Trustees. The Ma5n Theme 'Fitness to Drive, closed to applic*iors in Crtober 2022, havitw attracted 15 applications to a totsl value of £2,589,941. Follown8 a robust yocessof due diligence bythe Executsve aJ)d Road Safety Initiatives Comrrittee IRSICI. the board approvedthetotal award of £l.108,905 10 five projectsin February 2023. The Small GrantsPro8ramrne opened in the Autumn of 2022, attrarted 14 eligib applications and resulted in four of those bein8 awarded grants to total value of £113,737. The Trust has now funded 85 project5 UP to 315t March 2023. of which 51 cn[eted and one closed but was uncompleted. In 2021-2022 there were de¥5 to cOmet10n ol projeds attributed to Covid-19 and somè of the restrictions that were In place dwin8the period.. Project5 are bad¢ on trk and 23 projertsare scheduled to comete dur5r¢ 2023.24. Every organi5ation that runs a projttt is our partner.. we work together throughovt the projecys lifetime to achleve mutual objectNes. Full detailsof every project funded ¥e leatured on the Trust's websstè. The 13 new grants arded dufln82022-23 are listed below. tceether with 5 additional 8[t$ to existiryg rKipients. MAIN THEME GRANTS 2022.23 Tbtl• rntsuni Aw•rded L•ad Oyn15•tlon INDICATE Introduction ol an oNline ccgnirfve battery for fiiness to Drive In mlkl Cc8niiNe ImpAimienT and dEmentS How can we stop people dru drNin Sell-administered caffeine-nap interventionfor (triver sleepire5s.' efficaty for ObStrle sleep apnoea atients Dèvdopment and validatlon of sleewelated drimng risk rediction tools Devdopment of aneffective5¢reenirtgtÈst to identify individuals in the early stages of dementia we unfitto drive £283,627 £182.878 Unlversity ol East Anglia Leeds Beckert UniNtr5ity £142.846 hbor h Universi £292.950 £206.604 Notti ham Trent Universi Lou htrts)ro h UThver
THE ROADSAFETYTRUST {A company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 SMALLGRANfs 2022.23 Amount Awarded Lead Oryankntion We need to talk aboth han(Isfree.' Officer understanding of the dangers of handsfree and handheld mobile phone use driver5 Persuadin8 professional drivers that hands-free hones are as dan erou5 as hand-held phone calls De-escalating road ra8e when pasyng vUlnerale road users IVRU Drymen Speed redwiion and CLYnmunity space goin throu8h rOWaY softenin lasr)utchan £23.898 The Open Univwsi £29.839 The Kier FrAJndation £30,C0 The Britlsh Horse Society IBHSI Drymen Communrty DeveloK4ment Trust £30,& STRATEGIC PRIORITY GRANTS Amount Aw•rded £12.( Lèad O18•nlsatlon National Young Ridef Fowm- continuatiw grznt National Young Rider Forum continuation grani The 8ikeabllityTrust An Immersfve VR Intervention to Improve Child Cyclists, Lookin8 8ehaviour and S¢tuatK)n Awareness and its Ellects on Child and Parentlcarer Confidence and Attltudes.. A Nationwdè Community-8ased Studv Messa e Not Received Evaluation E-5COOter safety and wldEr implicationg for understanding casualty data £19.330 £25,C(() £16,750 PAcrs The Parliamentary Advisory Council for Transport Safe ADDITIONAL GRANTS Tltle Amount Awarded £s,o Lead or8an1sl0n "Message not receSved": Seatbelts. the urtseen roblem Re-defirnition of the London HGV diiett siOn standard Know the dangers evaluation Understandin near mis$ re Harecroft.. an evaluation of how to apply chol eed reductions Bimi1h Oty Council £22,730 Lou8hborou8h Erntèr rise Shiny Side Up PartnershSp University social media campaign £5.874 £23.C £6,964 Universi Colle e London Wilsden Parfsh Council
THE ROAD SAFETY TRUST IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 202Y FINANCIAL REVIEW Since r(s establishment, The Road SafetyTrust has awarded £6.PJn to 85 projectk It has set a prudent level cl reserve5 and mana8es it5 investment in its traling subsidiary with a focus on 8overnarKe and control over costs. The Road Safety Trust relies on surplusesgenerated by its Whol owned tradi subsidlary company. UKROEd, to carry our it$8rant-giving activity and meet itscharitable objertives ar%1 Ib)es not undertake anylundraising actimtiès with the public. The charity is Conl0U$ of keep¢ng its operational ovefheads in proportion to grants awarded, as it is the allocati of grants that reaches the tImate benelicizriesof the Trust ¥ia the proRcts it funds.. the UK road us¥. The cost ol operatin8 the Trust's grantivin8 activity came to £397.237 in 2022-2312021-22 E316.6401. Most of this was salaries for the fNe staff13.5 FTEI of £204.27312021-22 £173,306). other tsperatl costs of £112,33012021-22 £91.0961 and governante costs of £80,63412021-22 £52.2381. Costs irKreased to ¢t)vef addltional staff and resources to man<e the growin8 number ofacty've proiKts. In opèratlw the NDORSxheme, UKROEd generated a surplusof £1.649.095 fortheyear 2022-2312021-22 É2,285,2391. A loan facility of £SOO.IKKI12022 £5(.((1)I was approved by the charity to Its tradin8 subsidiary in April 2021 to assist with worknngtapNial qUIreMents. GOI toncem The Trust has not t)rrowed èny money. ha5 established a prudent Ve1 of re5eNes. Is maSntalnin8 control over costs and continues to recave income from its trading sub5i(liary. On this basis the board confirms that it Is appropriate to continue to adopt the 8oin8 corfern mèthod ol auountirfor the 8fOUP. RESERVES POLICY The ReseNes PolKYdeMoIrate5 thecoryliance ol The Road SafetyTru5t vrrith its due$ to act In the Interests of the charity and its beneficiaries, to protect and safeguard the assets of the charity, to xt with reasonable care and sklll and to ensure that the ¢harity is xCountale. The Policy is degned to.. Justify and clearly emaIn the keeplngor Il keepin8 of reserve5.' Identify and plan lor the maintenance of yants for benEficsaries.' Reflect the risk5 of unplanned closure associated with the bune$S m¢xlel, Spendi commitments, potential liabilitiesand financial fore(astsof theTru5t and of itstrathn8 subsidiary. whi¢h operates NDORS,. and, Help to address t1 risks of unF4anned clogjre on projects fund. stafl and supplier5. The Reserves Policy Is monltored n4#Y to rèwèw its effectivenes5 a1 application in li8ht of changirg road safety research needs and prSorities. as wdl & changès affecti NDOR& The Trust keeps a levd of reservesthat 15 sufficient to.. Meet a minimum of one year of operating expenditure in case of unplanned closure of theTrst,. Mitigate the financial aspects of risk in the activities of NfK)FLS., and. Commlt to large rood safety projetts of bn8 dwation. Re5eryes are unrestricted and are not formally de&8n&ed for a specifK purpose. One year of operating expenditure in case of Unlanned closure of Trust £0.4m,' Mitigating the finartia 3$pt$ of risk in the lIvitieS of NDORS £2.5m,' and. Commit to large road safety projects of bngduration £2m.
THE ROAD SAFETY TRUST (A company limited by guarantee) TrUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023 The targèted rare of reseNes in the policy reflects tIE fKt th the contireroes identified refw to circumstancès which may occur separately or * the 5arre time.TheTrust will therefore aim to hold reseNes between £2.Sm and £5m. As at 31st March 2023. the Iree reserves hdd by the charity wnounted to £5.290.664 12022 £5.242,6741. The consolidated reserves of group are £s.2,66412022 £5.242,6741. Trustees cOnder that thè level of re5ves rem•ns satisfKtory a1 is comkliantwith the Reser$ Policy. INVESTMENT POLICI ANO PERFORMAN The secondary income source to the Trust was divSdends aThJ interest from investments which iotalled £93.70612021- 22 £35,4731. TheTrust advanced an unsecured loan of £5.co) to itstrading SUb18ry on 20th April 2021 at an interest rate of 6% a5 an investment within its portfol whKh was outstaThJin8 at the end ol the year. £4.942,61012022 £4,FL)1,8111 was held In Interest beadng deposit ¥COUnts with NaiTrtinal Westminster Bank pk. The Trusys Investment PolScy ststes that the lon8-tern InStMent objKti%t is to eenerate a total return in excess of Inflatlon las mèasured by CHI, while generating an income to support the 0ry8oin8 KtNities ol the Trust, the level of whlch wlll be determSned by TTUStees from time to time. subj'ectto ceptable levels of risk. The Trust also can invest in Its tradlng subdIary In order to prwde sufficient fund5for its continued operation of the NDORS sche. Trustees plKe a high priority on maintainlry real val of upital lunds •)d of IrKome returns over the long term, subject to aCCeptae levels of rlsk. TY xcept that at times this will mean acptIng short- or medium-term Iluctuat5ons In Capital value. key risk to lore-term reserves is inflatior4 and surF4us assets should be invested to mltigate thls dsk over the long term. A review of the Trusys Invement Policy set out investynent time horiiort5 over whbch fvnds may be reqiired. The kX)licy sets out events which require a rewew of time horYLons and allocation of funds. Funds held to meet short-term Iwithin one year) needs are held in bank current acctyjnts and shLYt-term deposits. Funds hèld to meet medlum-term Ibetween one and five yearsl are held in bank deposit accounts wlth up to three yèars notice. Long-term funds whlch are needed after more than five years, may be Invested In finandaty regulated assets %thkh may be subject to rlsk In their capital value. Investment in the Trusys traaw subsid1 is in the lom of a loan. The Trustees considered the risks associated with Ihe loan f¥ility of £S00.rJJo made durin8 2020-21, detemiined the 4)prowiateness of advancin8 loans under the facility and set the terms of repayment and interèst &tordingly. A loan of £5(Xl,(M) was advanced on 20th April 2021 and wa5 outstanding at the year end. Thè Trustees èxtended the duration of the facility Tr)e year in July 2023. The loan bears Interest at 6% and the fa£i1Sty expires on 31 Ortober 2024. Short term cash reserves are hdd to finarKiHI securty and may required at short notice. As such, capital volatility is avoidèd by £hry)sing instarst xcess and short-tem bank dep)sit& The balance of funds in pooled nvestments. term bank deposits and instant (esS bank depotS are revWed periodically. The overal return orn Invested assèts li.è. capital gain5 and dividends from investsnents, de51t COUnt$ and instant access accounts) was 3.9%10.7% in 2021-221. prevaIt Konomic conditions presented a challenge to xhievinB the Frf)IKV objectives in thÈ vear. as ri5k-free interest rates ir(reased to nearly 4%. but remained well below inflation as measured by the CPI indèx at IO%, while investment markets continued to experience an elevated level of ri5kzndvolatility. The Tru5tee5 continue to monltor the most wudent wayto meet the 11£Y objectrveswith regardto balarKing risks and returns. STrUCTURE. GOVERNANCE AND MANAGEMENT The Road Safety Trust is a company limited guxantee. not a share catal (Company number 088374511 incorporated on 8 January 2014 and is a charity registered in England and Wales on 20 March 2014 Icharity Number 11563(ni. its governing document is its Articles of AsXiation. and it5 rnembers are the Police Forces of the United Kingdom which participate in the NDORS *heme.
THE ROAD SAFETY TRUST IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 RECRUffMENT. TRAINING AND APPOINTMENTOF NEW TRU5fEE5 The Oirectors of The RO SafetyTrust are also theTrustees fc the purposes of tharity law. There were four resignationsand fourapwniMts to iheTrust t()ard during 2022-23. Thefour newtrustees are Tanya Fosdick, Drdre O'Reilly, Shaun Helman and PCC rewesentative Matthew Scott. Rachel Aldred. Jagdeep Chaggar. Philip Seccombe and Sonya were the resignations. Tanya Fosdick. Deirdre O'Reilly and Shaun Helman brin8 their exten9ve expertise and experierte as roèj safety research prtitionerS to the Road Safety Initiative5 Committee. We began the CrUit1rent for new trustees for the Audit and Risk C(Mnmittee in Au8USt 2022. fdlowing the resignation of lagdeep Chaggar. This re£ruitmerf process was coMeted in the fourth quarter of 2022-23 and resulted in the recent appointment in May 2023 of CtOria Coker and Anthorw Blxkman. Chief corsst31e Jo Shiner NPCC Road5 Policin8 portfolio continue5 to enswe that the Police Force Thmbwship are represented on the Trust tr)ard. The skills-led appro&h to Trustee reuuitment forn the basis of one of thÈ Trt'S key objectives under Diversitv, Equality and Inclusion which is monitored as part of the Trust's commitmènt to the Charity GOVern(e Code. At 31st March 2023, the board's minimum required number olTiustees with ski114experience was exceeded in all 22 out of 24 areas identified as necessary for an eflertNe board. The charity recognises the importance of a tomprehenyve induction for ne Trustees and learnitvd and development for new and existin8 Trustees to be ae to dixharge their duties and fulfil their roles properly. There is a Trustee Induction, Trainin8 & Oe¥elopnnt tedUre in ace wts'ch olIneS how iNliwdual Trustee5 will be SUppted in thelr developm1 durSn8 thèir term ol office. Paft of tlis involves a number of subscriptions and memberships that benelSt Trustees, learnin8 ané development. ExamrJe5 ilUde Nath}a1 Council ol Voluntary Organisation5 INCVOI. Associatlon ol Charitable Foundations IACFI. fjvil SocietyGovernance & Leadwslmp magazine andonline access, andthe Association ol Chairs the Chair and Vice Chair. aswdl asa number of road safety 4xcific subscriptions. Opportunities I(TrUstee learnlng and de1¢pffl¢nt are circulated to the board th* Chief Executive asthey arlse. BOARD GOVERNANCE The board meets quarterlyon a virtu4 basis three tlmes peryèar and once as a fa¢e.to.fxe Meeting atthe May board. The Chair and 7rusteès ha¥¢ man<e(I ro run aThJ hold elfective meeti5 virtually and the in-person meetin8 helps the board to build cohesiveness and improve communatIon. Having fielded Trustee OFinions and preferee$ through a survey, a blendèd approach seems to the most py)pular going forward and ihe Trust will continue io hold fe-to- lace board and virtual bot4d MeIS. Trustees are enCoured to be members of at least one Ccffinwttee. TheAudit & Risk IA&RI and Road Safety Initiative5 IRSII Committees meet three or four times year. The RemuneraiN)n Committee meets annually unle$5 Qtherwise required. In accordance bmth its Tems ol Reference, the Remuneration Ctynmittee enswes that Trust staff are remunerated in line wlth the Remuneration Pdky. The N¢Jninabons Cornmittee meets at least twice a year or more often as netessary. In addition to the above, an RST board stratègy session washeld in person in February 2023 to galvanise our vision and purpose and to develop beyond 2023. The 5es5ion was fllitated and the board met in person to disCU55 next steps and area5 to focu5 on. This includes a symposium event planned for 2024 which wll celebrate the achievèments of The Trust over the past Ioyears and determine h¢we look forward to the next 5 years of fundin8. With Covid restrittions relaxed. a face-to-lace scKial event for both b)ards was held on 9th May 2023 because Direttors and Trustees both valued the opportunity to meet a)d discuss matters rogether. There is also an established feedb¥k sy5teTh followin8 the charity's and UKROEd's individual t¥)ard Meeti$. The Trustee representative the UKROEd board, Kathv Webster, plays a crucial role in tlms flow of communication, supported by the Trust's Chief Executive and Head of FinarKe.
THE ROAD SAFETY TRUST IA company limited by 8uarantee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 In the charity. senior management members report to the cornmittees that relate to their areas of responsibility le.& the Head of Finance reports to the Audit & Risk Committee and the Giants & Imp%t Director reports to the Rsi Committee). In this way Trustees are kept abreast of the prartical and pertinent issues afferting the Trust direcrly bv staff other than the Chief Executive and can make decisions on an infomied basi5. Minutes from Committee meetings are issued in time to be wsted t0 the e online Trustee L1n Area for quarterly tx)ard Meeti and Committee chairs brir8 significant item5 arising to the board for discusyon and decisions accordln8ly. Each of the Committees reviewed theirTemis of Referere within the period, wth charqes brought tothe lull board for approval. Due to turnover ol Committee members within the peritid. elfettlveSS reviews will be carried out in 2023 when new members should have setded into their new rdé The Directors and Officersinsuran(e and thifd partyindemnity insurancefiTrustees femains In place and was renewed 29th July 2022. The nature and scale of the pc4ity will continue to be kept der revw. The cost of the insurance f the year was £10,93012021 £9.1. The charity continued to be wpported by a small ten thrtsh the pefiod, consisting of 5 part-timè employees13.5 FfEI.. Sonya Hurt (Chief Executive), Louise Palomino IGrants & IMpt ctor), Tanya Qadir IGrarnts Officefl. Victoria Slnclair IAdministration & Information Officer) and Lindsay Eckley (Grants offer}. Hugh Sutherland Is Head of Flnance and is employed by the TrusV5 tradin8 company. UKROEd, where most ol his time is spènt as FSnance Director. The iapacity ol the GrantSTe ha5 been bolstered by the recruitment of a second Grants Officer Sn May 2022 to help with the admiThstration and management of8rani proyammes and proie¢tsgOi lorward. Trustees are Brateful to the team lor the profesytsnal supwrt that the team has provided throughout the year. In addition, HR, We.te, PR and 8raphic desi8n supwt 15 prowded on a consLdtancy Ooard and Commthe Atteryl•nce RerS forthe puknd tsl Aprfl 2022 to 31st M•rth 2023 Colltttl4Te Attertdan¢•: The board. 4 schèduled meetin85 + stratewc session Audffi & R55k Commit IA&RCI, 3 xheduled Road Safety Inlliatr¥es Cttee IRSICI. 4 scheduled + l unscheduled meetin8 NomlnatloN ComMe (Nomcoml. I meeting Rtmuneratlon Commlttee (Remcoml. 3 meetsn85 UKROEd board (frnsthe representatlvel, 4 meeti 8trA Iwas 84% in 2021-221 82% (was 100% in 2021-221 86% Iwa$ 86% in 2021-221 ILM)% Iwas ICKYA in 2021-221 89% Iwas 100% in 2021-221 Ic•YA Iwas ICrf)% in 2021-221 Indlvldual atteftdzn records 2022-231knclud•s unKh•dub•d metlnyl Tony Fuller, Chair Board l(XYA, Nomcom I¢XN Heather Ward Chair RSIC PKJard ICVA, RSIC ICXYA Kathy Webster, Chair Remcom Board ICQ%, UKROEd Board ltsJ%. Remcom Ici james Kean, thair A&RC Jard 80%, IARC ICXYA Marlena Stelarfska Pthrd 80%. A&RC I(M)%, Remccm li Neil Hts)se Board 80%. I% Jo Shiner Board 80%, RSIC, 4LPkn, A&RC 100%, Tanya Fosdick lappointèd May 20221 Board 100%. RSIC 60% Shaun Helman 8oard 60%, Rgc IC¥)% Deirdre ¢YReillv 8oard 80%, R&C ICQ% Matthew Scott Board 40% Sonya Hurt, Chair Nomcom Iresi8ned Apr 20221 Philip SeccomtrA Ire5igned Apr 20221 Victoria Coker lapFK)inted May 20231 Anthony Blackman lapprAnted May 20231
THE ROAD SAFEfYTRusr IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENOED 31 MARCH 2023 DIVERSITY. EQUAL AND INauS The charlty reco8nlsesthe importarKe and the benefits of embr1 diveryty, equality and indusion. The Lead Trustee for Diverslty is ihe Chair of the board. The chariws a8reed Diversity. Equality and Inclusion ObltIveS for its board ¥e as follows.. To meet the skills and experierKe identified as nttessary at board and committee level,. To a(twe encoufage and seek out individuals from under-reprèsented groups who are able to fill the sknlls and experience gap5 as and when Trustee vatanciès isè.' Trj strive lor a balanced and diverse LKsard in its Vlidest sense,. To refle¢t as far as $s[bIethe(0rnmuThlty0f Interest of the thafitvs ult#nate benefKiaries. The table bdow outllnes the Trw%t's perfom)ance 88ain# these obiettives as at 31st March 2023111 Trustees hddin8 offlce in March 20231: Skllls and exW1ee Board Skills Mairix identifies 24 areas e.8. Financial Control, Business Planni elc. Met.. minimwn number of Trustees requlred as having these skills rnet in ail 24 ¥eas idÈntSfied 20-35yrs IO%1, 36-5fyrs 142%). 51-65yr$142XI, 66+ $ 116%) S8% Female. 42% Male IC¥J% do not conder themselves to be disabled I[]% White En8lishiWelshlScotty'5hlNorthern Irish/British Mostly VNate sector 25% Mostly wider puwic service 33% Mostly ¢iwl 5ervi¢e 8.5% Mostly third sector 8.5% Mixed 25% Pedestrian 92% Car driver 92% c1151 50% Horse rider IPA HGV driver Mottsrc list 8% Gerr Dlsablllty Ethnlc Or*ln Sector Ba(roUnd Road U5erType STAKEHOLDER REPRESENTATI(hY W40 EPIGAGEMENT Our police force members are rerye5ented bo¥d of Trustees ty Jo Shiner. Chièf conStae of Sussex Police and NPCC Lead on Aoads Policin8. The Association ol Policeand Crime CommisyonerslAPCCI also has representation on the Trustee board, thanks Matthew koiL PCC for Kent, from May 2022. There was constitutional correspondence with police force mernbers prior to 2022 AGM whKh was held virtually. Regulaf bulletins from NRPOII INational Road5 Policing Operatlons. Intelligee and Investl8ationsl to pclice members contained updates from The Road SaletyTru5t. The charity has Cor$tred wih Campai8n Cdle(tive, a sooal enterkYiSe PR a8ency, for its media support rolè. The three key objectives 8iven to Campai8n Collective were to= Raise the p¥ofile olThè Road SafetyTru5tandthe differenceitmakesto road safety as a result of itS8rant- gimng actNitv Encwrage and invite interest in its yant funding with a view to r&èivin8 high quality applications Promote road safety
THE ROAD SAFETY TRUST
IA company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Campaign Cdlective reported 104 ple$ of rrdia covera8e durin8 2022-23 (all positive gieces
THE ROAD SAFEfYTRusr IA company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 3) PURP05EAND IMPACT The rlsk Is about projetts funded bytheTrust not achi•&iryg theiiobjectN4 or thèway in which fuThJs are aw¥ded and managed bytheTrust not being done ky0per.I( either of thése %tuations hapFen then thè proprt objectives and their outcomes risk not being hleyed, resulting in the charity not achlevin8 its pwpose and not being able to wove impaci ol its core activity lgrant-makiI. Mf(18ating attlons in(lude close liaison with granteès to support and servlce ihelr queries and corKerns around their proierts and facilitating adjustments that may be nlressary so that we can remain informed and report on impact w the Trust. while almin8 to complete proletts on schedule as far as possible. Other mitigating actions include the online application software whh serves to monitor and manage ongoin8 prolects, Internal audit checks. improved documentationlguidance for apIcants and regdar aff supervision and traininB/support. To address the sm311 staff re.5 capacity of managing rne than the optimum number of projects and grant application roLmd& as well a5 Other strategic w)rity iniDatives, further staff and additional resource5 are planned fgr 2023-24. REPUTA TIOA All of the aLK)ve would have a replrtational impt<r on the Tfust, as would ary si8nlficant events wlthln UKROEd. In the event ol a seriou5 incident. the or8anisation as awhde hastaken stepsto ensure it is prepared to deal wlth and manage Snternal and eernal ccmmunications as a Mear of not making an alreV bad slbJatSon wtxse and to minimise the damage to its repthation. 5) GOVERNANCE In addlbtsn to governi the charity. Trustees need io hweovefslght of the ch¥lWs tradro subsldlary atwj be assured of itSgovernae and manaeement. Ineffettlve 8overnancecomwlsesa flsk io the group. Aclear goveman£e structure, framework and relationship between two ccmpanles and clear delegation of authorities and controls as well as effectSve performance reportir% prixesses has been established. The recentty approved le8lslatlon of the Police, Crlme, Senten¢lng and Courts Act 2022 also presents new opportunitles antl rtsks fof thè group In terms of legal comg41ance alongslde t scope lor a wder set ol activities involvement in the road safety sector. STATEME1 OF IPITERNAL FINANa CONTROL The boarij kNOW&ed#e$ its ultlmate responsibility for ensurirg that The Road Salety Trust has in plxe a system of Internal financlal contrd that is appropriate to the bune$S enwironmeffli in which it operates. Although no system of Internal flnancial contrcA can promde absolute reassuran 4ainst material mlsstatemert or loss, the Trusrfs system Is desl8ned to prode the board wth reasonable reassurance that.. The financkil inforMatn used with'n The Road Safèty Trt or for publi¢atbn Is rellable PrOr accounting records we maintaird Asset5 are safeguarded against unauthorised use 0rdispositn Problem5 are identified on a timdy bays and dealt Wtrh appropriately In addition, the board is asSured bythe lollowiry= Formal policies and protÈduresare in place. IncluditheOcumentatIOn of keysystwns and rulesrelatin8 to the delegation of authorities. which low the monitorin8 of controls and restrict the unauthorised use of the Trusr's assets. This I11t$ strict contro15forthe authorisation of personal exFen5e claim5. ExperierKed and 5Ultable staff take resp04)sibiliTh for imporrant Ixjsiness functions. Foretastsand buietsare prepared whKhallowthe tK•ard and SMT to nv)nitor key business risks, financial objectives and progress toward5 financi* pl5 ser for the ye¥ through preparation of regular management accounts. All significant new initiative5 and grt awards a subjett to fornial authorisation procedures. through the board and its relevant committee& RegLlar reportingto the board and suIKommittees, IK111r8rnana8eMent accounts and detailed reports on the grant programmes. The Audit& Risk Committee rev¢ews pOrtS from man<ement staff, theinternal auditors and the extemal audftor& to prowde reanale a55urarKe ihatcontrd wocedures are in ple and are bang followed. 14
THE ROAD SAFETY TRUST IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Formal procedures have been estat4ished f¢x institutin8 akX)ropriate xtion to correct weaknesses from the above reports. AUDITORS A resolution to re-appoint Crowe U.L LLP will be put to the members at the fortlKomin8 Annual General Meetin8. 5TATEMENf AS TO DISCLOSURE OF INFORMATIIX4 TO THE AUDITOR The Trusteeswho were in office onthe dare of approval of these financial statementshaveconfirmed, asfaras they ¥e aware, that there 15 no relevant autht in1matIon of which the auditor is unaware. Each of the Trusrees has confirmed that they have taken all the stepsthat they ought to have tsken as Trusiees in order w make themselve5 aware ol any relevant aud5t Information and io èstablish that it has been communicated tothe auditu. The Trustees, Re)rt, which contains the cirectS. Rert required by c(npany law. and the IrKorpored strateglc ReporL were approved ty the Trustees on 25th JU 2023 and are svaned on their behaff bv.. Tony Fuler Chalr
THE ROAD SAFEfi TRUST IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 sTATEMETr OF TRUSTEES, RESPONSIBILSllES TheTrusteeslwhichcomprisesthedirectorsforthe pwposeof ccmpary lawl are responsitrAefor preparing the Trustee5' Report lincorporatirg the Strategic Rewrtl and the financial Statnents in acCordae with applicable law and regulations. Company and charty law requiresthe Trustees to prepwe finarKial st3te¥nents for eh fina1 year. Und2r that law the Trustees have elected to prepare the financi statements in accordar(e wtth United Kin8dom Generally Accepted Accounting Prte ILSThted King&Jm Accounts standwdSar applicajle lawl. Under company and chartty law Trustees must not apwove the finarKial staterllent5 unless thèy are satisfied that they give a true and falr view of state of affairs of the group and the charitaE4e c(xnpany and ol the incoming resources and applicathin of resources, inclutlin8 thei0Meand exFenditure. of the8roup and the charitable company for that (lOd. In preparing those finanoal statements, the Trustees we required to: select suitable atcountire poliuesand then apply conystentlv.. observe the methods and winciples in the Charities Statement of Recommended FYattke150RPI.' makelud8ements accountinlestimates we rea50natAe wudent,. slate whether applica)le UK ¥¢ountyry Standards havebew followed. subject to ony material departures dixlosed and exoined in the financial Staents- prepare the financial statements on 8oin8 concern basis unless It is Inapproprlate w presume thai the 8roup and the charitable ccmpany wdl continue in business. The Trustees are responsible for keetlng adeguate acCotIng records th ¥e sufficient to show and explain the group's anil the charitablè Comp<S tranwtion5 and disclose wtth reasonable aUrKY at any time the finan¢ial position of the grtyjp and the ¢haritaLle ctxnpany and enable them to ensure that the finala1 statements cornply with the ComparMe5Act 20(kfi. They are also SponsIblef0T$afe8vard1nz theasseisof the8roup and rhe charitablecompany and hence lor takin8 reasonable steps for the preventi and detEYiion of fraud and other irre8ularities. The Trustees are responsible for the mainten•Ke and integrity of the ¢orporate and financial information included on The Road SafetyTrust website. Leglslation in the United Kingdom 8ovwning the preporation and dissemination of finarKi* staternents may differ from legislation in other jurisdictions. 16
THE ROAD SAFETY TRusr IA ¢ompany lirnited by 8uaranteel INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ROAD SAFETY TRUST Oplnlon We have audited the financial staternents of The Road fety Trust I'the charitable companVI and its subsidiaries I'the 8roup'l lor the year ended 31 March 2023 which comprise the Consolidated Statement of Financial Aciivities, the Charity Statement of Financial Activities. the Consolidated and Charity Balance Sheets and the Consolidated Cashflow Statement and notes to the finar131 5taternents. includiw s8nificant cOUntIn8 policies. The financial reporting framework that has been applied in their weparation is applicable law and United Kingdom Accounting Standardi Includin8 Financial Reporting Staard 102 The Fironcial Reporting Standd appliCae in the UK and Republic of Ireland (Urted Kin8dom Generally Accepted Accounting PractKel. In our opinion the financial 5tatement5'. 8ive a tr lairview of the state of thegroup's of the parent charitat4e companvs affair5 a5 at 31 March 2023 and of the 8row)'s incc#nin8 resources aThd application of res(NJrces, Iluding Its income and expendilure for year then enid,. have been property prepared in a¢¢ordan¢e United Kir¢dom Generally kcepted Accotjnting Practice.. and have been wepared in &cofdance iih the requInts of the Companies kt 2006. asls for oplnlon We conducted our audit in accordance with Intèrnational Standards on Auditin8 IUKI IISAS IUKII and applicable law. Our responsibilities under th05e Standards are further dèscribed in the Auditorfs resp)nsibilities for the audit of the financial statement5 settion of our report. We ¥e intlèpendent of the charit•le company and group in accordance with the èthical requirements that are rdantt0 our audit of the financial statements in the IJL including the FRC'S Ethical Stand¥d. and we have fulfilled our otherethical respKJnsibilities in CordanCe with these requirements. We beIve that the audit eviderte wè ha¥e c&tained is suifKient and appropriate to provide a ba&s for our OFrfnion. Corttluslons relatkni to 8oknItObKem In auditin8 the linarKi statements, we have c¢yKluded that the trustees. use of the concern basis ol accountln8 In the prep¥atlon of the fin(la1 staiements is appropriate. Based on the work we have perfornied, we have not identified any material unttrtainties relatingto events or conditions that. indlvidually or colleCtfve. may cast significant doubt on the Group's or the p¥ent tharitable cornpany's ability to tontinut as a 8oin8 concern lor a period ol at least rwee months frcm when the financial statements are aUthised fw issue. Our responsibilities and the re¥>onybilities of thetrustees wrth rèspect to 8oir4g concern are desuibed in the relevant sections of this report. Other Informwtlon The trustees are responsible for the other inforrnation contained within the a)nual report. The other information comprises the infomation ilded in the annual report. other than th? fin¥ia statements and our auditoes report thereon. Our opinion the financial statement5 doe5 not cover the other infomation and, except to the extent otherwise explicitly stated in our reprt we th not express any form of assuraTKe conclvsion thereon. Our responsibility is to read theother information and, in thjing $0. conyder whether the other information Is materially inconsistent with the financial siatements orour knowlei*e obtained ¢n the audit or otherwse appears to be materially misstated. 11 we identify such material iOnsIstenC•es or apparent material misstaterrents, we a required to determine wherher this gives rise to a material misstatement in the finanaal 5taternents themselve& If, based on the work we have perfomed, we conclude that there is a material misststement of this Other inforrnation. we are required to report that fact. We have nothin8 to repwt in this regard. 17
THE ROAD SAFETI TRUST IA Company limited by 8uaranteel INDEPENDENT AUDITOWS REPORTTO THE MEMBERS OF THE ROAD SAFETY TRUST Opinion on other matters we5cribed by theconwnles Art 2( In our opinion. based on the work undertak•) in course of the audt.. the information given in the Trusrees. RerM)rt fcK the financial yearforwlich the financial ststements are prepared is consiStt with the financial statements the information given in the trustees. rep. which Includes the directors. rept and the Strate.C pOrt prepared for the purposes of company law, for the financial year fof which the finatKial statements are prepared is consistent with the financial statements- the Strategic report and the directors. rert included wthin the trustees. report have been prepared in accordance with applicable leg requirements. Matters on wthkh we are requlred ts rep byexceptknn In light of the knowledge and undwstandirg of the 8roup and charitat4e company and their environment obtained in the cojrse of the audit, we have not identified material misstatements in the strategic ty)rt tr the directors, report Included wlthin the trustees. report. We have nothln8to report In resFoct of the lollowing matters in relation to whi¢h the CompaniesAtt requirès us to rewrt to you if. Sn our oplnion: adequate and proper COUntNd records have t been kept: or the financial statements are not in ayeement with the Kcounting records and returns,. or cerrain dSxlosures of trustees, remuneration spe¢ified ty law are not made: or we have not recwved all the informat4)n and explanationswe require for ow audit. Responslblutles of trustÈÈs explained more lully in thè trustees, resnSibIl1es 5tatemenr 3et out on p4e 16. the trustees (who are also the dlrectors of the chariiaNe company for the purp)5es Of company lawl are responsble for the preparation of the financial statements and lor being 5isfied that they 85ve a true and fair wew, and lor such internal control as the trustees determine Is nwessaryto enalle the preparation of financlal statements thar are free frcn materlal m5sst•temenL whether due to fraud or wr. In preparin8 the financlal sraiements, the trustee$ are responsible for assessing the charitatrAe compan(s ability to coniinue as a gn8 ccrtcern. dixlosin& a$ 0)lCable. matters related to gcing cern and using the 80iry concern basss of accountln8 unless the trusiees er(her intènd to liquidate the ¢haritable¢tynpany or to Cease operations, or have no realistic alternative bur io do so. Audltorfs responslblliles for the alIt of the finan¢1 ststements Our objectives are tg obtain rea50Thable aSSUfarKe abt whether the finarrial statements as a whole are free from material mis5tatemen¢ whether due to frd or error. and to issue an au¢%torfs rem that in¢ludes ow opinion. Reasonable assurance is a hi8h level of assurance. but is not a guarantee th an auditcoNlurteil in accordance with ISAS IVKI will always detect a matwial misstaternent when it exists. Missraiements can arise from fraud or error and are considered materSal if, indiidually or in the aggrate. they could aSOnablY be expected to influence the economlc declsSons of users taken on the basis of these fin11 statements. Details of rhe extent to whlch the au(fitwas considered caple d detertin8 irregularities. including fraud and non- ComLarKe with laws and regulations weset cwjt telow. A further description of our responsibilit fw the dfjt of the financial statents Is loced on the Flnancial Reportiryg Council's webgte at.. wvAY.fTC.or . auditorsre nsibilities. This description forms part of our Auditor's report
THE ROAD SAFEfY TRusr IA Company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ROAD SAFEfiTRUST Extent to whkh the aud w35 considered (apablÈ of dettlnB re8ularltles, Irrflwllng fraud Irre8ularitie% includin8 fraud are instarKes ol n-COMpliance %wth laws and re8ulations. We identified and as5e55ed the risks of material misstatement of the financial statements from irre8vl¥ilies, whether due to fraud or error. and discussed these between our ajrfit team member5. We then de5i8ned and performed audit procedures responsive to those rfsks, includiNd obtainin8 ali( eviderKe sufficnt appropriate to wovlde a baS for ouropinson. We obtalned an understandin8 of the le8al and regulatoryframeworks wthin which the ch¥itable company and 8roup operates, focusingon those laws and re8dations that have a direct effect on the detwmination of material amounts and disclosures in the financial rtatement& The laws and regulation5 we considered in this context re the Companies Att 2006, the Charitie5 2011 together with the Charities SORP IFRS 1021. We assessed the required ompliarKe with these law5 and re8ulion5 as part of our di1 procedures ¢J) the related financial staternent items. In adthtion, we considered proon5 of other laws and re8ulation5 that do not have a dirtct effect on the financlal statements but Ccrtnpliance with which mi8ht be fundanental to the chwitable compan(5 and the group's ability to operate or to avoid a material penalty. We also considered the oppwtunitie5 arbd incentives that may exist within the charitable company and the 8roup for fraud. The laws and re8ulaiions we considered in thiscontext for the UK operation5 were General Data Protecticffi Regulation IGDPRI and taxaion le8islaion. Audit1 standards limit the required a111 prcredures io i(kntily non<ompliance with thesè laws and fe8ulatlonsto enquiry of the frustees and other rnanemert and inspection ol regulat(xy and legal correspx)ndence, If anv. We 5dent5fled the 8reaiest risk of material IMpt on the fir4incial ststements frryn irregularities. itxludiNd fraud, to be within the timin8 of reco8nition of irKome a1 the overrideol contrds by man<ement. Our audit procedures to respond to these risk5 included enquirie5 of mana8ement, internal audit and Audit & Risk Committee about their own identrfication and asse55ment of the risks of Irregularit$. wnple te5tin8 on thè p)stingof journals, reviewir accountin8 estimates lor biases rewewiTh8 re8ulatorycOrXndenceW1th the Ch¥ity COmmisOn aThY readin8 minutes ol meetSn8s of tkjse char8ed with grnale. OwSn8 to the Inherent Ilmitati$ of an audit. there is ur4voidable riskthat wtt may not have detected some material mi55tatements in the finaTht1 statements. even tl)u8h we ha¥ properly planned and performed our audit In accor(Jance with audib'nB standards. For examFAe, the Iwther rqnoved n-cOMpliance with laws and re8ulations Ilrre8ularitSl is from the events and transactKJns reflected in the fina•31 statemènts. less likely the inherentlv limited procedures required by audit¢ng standards wwld identify il. In addltion, as with any aud((, there remoined a hi8her risk of non-detecb'on of irregularities. as these may ITh)1¥ cdlusion. looery. intentional ornissions. misrepresentationi or the override of internal contrds. We are rot responsible for kYLwenting nOncoMlance and cannot be expected to detect non<ompliarre with all lawsartd rea#t1n$. Use of ¢Jur rqport This report is made soldyto the charltablecompanvs members, as a body, in COrdance wth Chaoer 3 of Pt 16 of the Companies Att 2006. Our audlt *ork has been undertaken so Ehat we mryht srate to the charitable companvs rnembers those matters we are required to state to them in an auditorfs reFQrt and fcy no other purpose. To the lullest eent pemiitted by law, we do not accept or assume responsitylity to anyone other than the tharitable company and the char5table companls members as a t(Jdy, for (r audit worl forthis report or for the opinions we have formed. ncent Marke Senior Statutory Audltor v.b for and on behalf of Crowe U.K. LLP Statutory Auditor 55 Ludgate Hill London EC4M 7JW Date.. 07/o2/zu?_3 19
THE ROAD SAFEfY TRUST UMThED IA company Ilmlted by guarantee) CONSOLIDATED STATEMENT OF FINANaAL AcnvmES1114CORPORATING INCOME AhlD EXPENDITURE ACCOUNT) FOR THE YE ENDED 31 MARCH 2023 Total Funds ZOZ3 Ttstol Funds 2022 Inrorne from.. Other trading aciivities Inve5trnents li 88.262.606 63.706 76.083,182 5,473 Total kneome 88.326.312 76.088.655 Expendlturean: Raln8fUndS othertrttji aaimfjes Charltable a¢Ovtti¢s li 86.583,511 1.694.811 73,767,944 1,896,285 T•t•l expendlt¥re 88.278.322 75.664,229 N•t In¢tyx• b•lLYo yln5 m we5tmerts 47, 424.436 Net 8alns M Investments N¢t mov•m•rt Ih tunds 47,9XI 424,426 Reeondlkntbon of Iwd Tot funds broughtferward Net mo¥ment in funds 5.242,674 47,tyJ 4.818,248 424,426 Tot•1 t•rrl•d lorw*rd 5.290,664 5,241674 The Charty Statement of Flnartial ActNitiès includes all gair6 and losses rec(¥n¢sed in the vw. The notes on p74es 24to 33 fom part of these Finala1 Ststements
THE ROAD SAFEfY TRUST UMITEO IA company limited by guarantee) REGISTERED NUMBER 008837451 CONSOUDATED BALANCE SHEEr AS AT 31 MARCH 2023 2023 2022 Notes Currffitassets Debtor5 Cash at bank and in hand 12.286.137 11,302,673 23.588,810 14.115.853 8,190,395 22,306,248 Credit¢ys'. amounts fallin8 due within one year I17,f,1S0l (16,668,966J Net curr•nt assets 5.982.630 &637.282 Creditors: amounts fallin8 due after more thanone year 14 1691,9661 1394,608) Total net •ssets 5,2gy),664 5,242,674 Charbty fvnds Unrestrkted fvnds s,2.664 5.242.674 Totsl furKIs s,2,66¢ 5,242,674 The Trustees acknowledge their reSnsibilitieS lor Complyi wth the reqU1MentS of the Act with re5PKt to counting re¢ords and prtpar*ion of finarKial statement& The net incomellexFendf(urel in the charitable entlty for 2023 was a surplus of E47.99012022 surplus.. £424,426). The financial statements were approved and authorised lor issuè by thè Trustees on 25.jdy 2023 and 518ned on ttrEir behaff by.. T4)ny Fuler Chair Irf17L The notes on p4es 24 to 33 fom part ofthesè Fina181 Statements li
THE ROAD SAFETY TRUST UMITED IA Company limited by guarantee) REGISTERED NUMBER 008837451 CHARITY BALANCE SHEET AS AT31 MARCH 2023 21ll3 2022 Not Current asse Debtors Cash at bank and In hand 12 2.193.624 5.157,693 7.351.317 694.180 6.574,6 7.268.186 Creditors.. amounts falllng duè within one year 13 11,368,687 {1,630,9)4 Net current assets 5,982,630 5,637,282 Creditors.. amounts falli duè after more than one ye¥ 14 1691,9661 1394,608} Totsl net ass•ts 5,29),664 5.242.674 Charlty lunds Unrestrlrte(I fynds 5.29),664 5.242.674 Total funds 5,29),664 5,242,674 The Tru5teesacknowleL*e thew responsibl11eSf0r COMpir0 with thè re4uirements ol the Art wth respect to accountin8 records and preparation of financial statement& Thè financial 5tatement5 were approved and authorised lor issue by theTrustees on 25 JV 2023 and 518ned on t1r beha bv.. Ilef Chair LK71/L The notes on p4Ès 24 to 33 lorrn part ofthese Finala1 Statem•)ts
THE ROAD SAFEfi TRUST IIMITED IA company limited by guarantee) CONSOUDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2022 C45hll(w5frm OperaOn Nei cash used in oper•iw a¢tiMties 3.048,S?2 576.227 C•shfftthvsfveAn Interest rrfeivea qsposal of investments 63,7C 5.473 Net ¢ash yovkled by •¢tr•bll•s 63,7C 5.473 Ownie Inush •rKlush equlv•lentsin 3.112,278 5817C Cash andfash ewN4ents •1 the innin8oltheyear a.1,395 7.694695 C•sh•hd quK•knts•tthE end olthe yar 11.302,673 &190,395 The notes on pa8e$ 24 to 33 fom) part of these FInarla1 Statements
THE ROAD SAFETY TRUST LIMITED IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS Icontlftued) FOR THE YEAR ENDED 31 MARCH 2023 l. Genernl Intorntkjn The Road Safety Trust is a private limitedcompany limiied gUarantee. and is reaistered. )it11ed irtorporated in England. The rested address 15 Colwyn thambefs York Street, mancSter. M2 38A 2, Accountln¥ polkles 2.1 Bas1$ of preparath of financlalsM•Mnts The firiancial statements have been prepared in xcOrdae wr(h the kcountiNd and Reportin8 by charites.- Statement of R&xomnnded Prartice apKable to charibes preparing their accounts in accordance with the Financial Reportlng Standard apleable in the UK and Republic of Ireland IFRS 1021 (second edition- Crtober 20191 leffectwe I January 20191. FRS 102 arn4 the comp5 kt 2006. The CharItae ccfflpany constttutés a putyic benefrt entity a5 defined by FRS 102. The a££ounts arè prèpared under the historic cost (l¥ention, modified to include rtaIn financia instruments at falr value. The flnanclal statements are prepared in ellIn& which Is furttional cUrrty of the ¢haritaNe company. Monetary amounts in these flnanclal statements arè rounde<l to the nearest £1. The Ilnanclal stements consolidate the results ol the charftable Company and its %tholly ¢ontrdled subsidiary, UKROEd Limited, on a line-ty-line basis. The Road Safèty Trust is the xjle member of UKROEd timited arnd by virtue of thls Wfv)1 Controls UKROEd L5mrted. In accordance wth settion 408 of Cc¥npanles Act 20C6. no separate Statemènt of Flnancial ktivities ha5 Ixen presented for The RO Safety Trust. 2.2 Golry conc•m At the time of approwngthe fina131 staternents the Trustees have a reasonable expectatlon that the charlty and the group have adequate resources to continue in operational existence for thè fcyeseeable fvture based on fore¢asts which have been stress tested In relation io ihe key UrertaIntieS and assumptions. The so¢ia and onomi¢ disruption caused by the Covid 19 pandemic has not altered the fundamental finan¢il model of the charity nor its tradln8 subsSdlary. The subsldiary iompany hasseen volumesof courses recover and grow as the effects of the panijemlc have been mltl8ated. The charity and thè group havè put in place rra5ures to erable them to respond flexibly to chan8ed Circumstances includirq re$lOn5 io operations and finatKlal arraogements. flecent events have validated the Trustees, policy of hdding $¥nificl reserve5 In order to mitgaie rhe risks It has Identllled. The Trustees therefore Continue to adopt the go1Conrn basis of accoun In weparlng the financial statements. 2.3 Inme Income from commèrcial trading a¢tivitie5 con$ts of the ir(ome8enerated by the trading subsldiary UKROEd Limited. The inccme recwved for the mana8ennt and operation of the National Driver Offender Retraining Scme INDORSI, consistin8 of the collection of the khème P¥ticipati¢)n Charge. is re¢¢ydni5ed when the Course occurs. 2A Investmert kncome Income from investrr*ntsconystsof InteSt earnedon bank dewsttsand turnt3¢Count5 and di5trilxJtions made bythe subsidiary undertaking under @ftaid and103nstothe suby'diaryurylertaknrg. IrKorrefrom fixed asset investsnentsconsists of dividend income. The charity recogrisesall imefftnt inCLYneon an xcrua15 basis. 24
THE ROAD SAFEtY TRUST UMITED IA company limited by Euaranteel NOTES TO THE FINANCIAL STATEMEp¥fs {continued) FOR THE YEAR ENDED 31 MARCH 2023 Z. AccouAtlng polldes {ntInUed1 IS Expendfture liabilities are reco8ntsed as expenditure as 500n as there 15 a legal ortonstrLtive obligation, it Is probable that settlement will be required. and the amount of the obligatn tan be measured reliably. All expenditu is accounted for on an accruals basis and allocated accordin8 to the nature of the expense. Costs of charitable activitie5 indude grartts made. 8o¥ernarKe costs and support costs as shown in note S. Costs of the commercial trading activities include the costsof the subsidiary's operations and are shown in note 11. The element of the scheme Participation Charge recovered by poli forces is shown as c05t of 5ale5. The running costs of UKRO£d Limited are shown as administrative eypenses. The interest payable on the inter-company loan is shown a5 interest payablè. Expenditure on ilems of offite equipmeni and computefs whose cost is less than the threshold amount of £2.0 is charged as an expense. Items c05tiTh8 more than the threshold amount are capitalised as tan8ible fixed assets. 2.6 Grants Grant5 payable a payments made to UK based organisations, re8iStered charitie5 and university departments in the furtherance of the charitable objectives of the charitable company. Grant comfflitment5 are recognised once an application for a 8rant has been approved, the recipient notified of the Brznt and a legal or construetive obligation thereby cleated. &n8le or mult-year 8ranis are accounted for when eiiher the reciplent has a reasonable expectation that they will receive a grant and the Trustees have a8reed to pay the grant without condition. or the reciplerst has a reasorsable expèrtation that they will receive a grant and any condltion aitachln8to the 8rant Is outside the Control of the charltable company. 2.7 Allocatlon of support and 8o¥•manc• costs Suppjrt cost5 are those funrtion5 thai a5$15t the work Of th¢ but do not directly undertake charitable artlvltles. Governance cost5 are c05t5 3s50ciated with the governance arran8ements of the 8roup. ItKluded within this category are costs associated with the strate8ic as opposed to day to day management ol the group's activities. 2.8 DelOpment ¢osts Development costs are capitalised Whe there 15 assessed to bea likdihood of a futurè benefit or income stream arisin8. 2.9 Funds Unrestrirted fvnds are income receivable or generated for the objerts of the 8fOllP Wlthout further specSfied purpose. 2.10 Flxed asset Snvestments Investments are a basic finanaal instrument zrKI arè included in the balan sheet initially at transaction value and subsequently recogni5Èd at their faif value at the end of the finanoal period which is the bid price quoted on a recognised stock exchan8e. Realised and unrealised gains and l¢xsès art tredited or debited to the Statement of Financial Activities in the year in which they arise. 25
THE ROAD SAFÉTY TRusf UMITED IA company Ilmlted by gtsarantee) NOTES TO THE FINANCIAL STATEMENTS (continued} FOR THE YEAR ENDED 31 MARCH 2023 2. A(coyntlfy8 pokcles (continued) 2.11 Flnanclal Instruments Financial instruments are tlassified aftd atcounted for according to the substante of the eontractual arrangement as financial assets or financial llabilities. Basic financial assets. which include trade debtofs. accfued intomÈ arml amounts owed by group undertakings. are initially measured at the transaction price and are subsequently ffasured at amorttsed c05t, being the transaction price less aThy amount5 settled and any irnpaiment10sses. Loans to the subsidiary undèrtaking arè initially measured at transartion pri¢e and subsequenily measured at amort15ed cost using the effective interest rate. Baslc financlal liabllilies. whlch Indude trade crediiors. grants payable. other creditors and accruals, are initially measured at the transadion price and are 5ubsequentty measured at amortised c05t. being transaction piice less any amobnts settled. 2.12 Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liguid investments with a short maturity of three months or lèss from the de of acouisition or optning of the deposit Of simiL4r attount. 2.13 R¢tlrem•nt tsen•ffts For defined contrlbLrtion schemes the amount charged to profft or loss are the contrlbutlons payable in the year. Difference5 between contrlbutions payable in the year and contrlbutions attualty paid are shown as either accruals or prepayments. 3. Crltkal accountlnie5tlm•tes and areas olludynent In thè applitation of the charitable 8rtyJp's attounting polities. the Trusiees are required to make lud8ements, estimates and assumptions about the carrying amount of asset5 and liabilities that are rt readily apparènt from other sources. The estimates and associated assumptions are based on historlcal exper¢ence and other factor5 that are considered to be relevani. Actual results may dlffer from these estimates. The estimates and underlying assumptions are reviewed on an on80ing basi5. Revisions to accountin8 estimates are recognised in the period in which the estimate is revised. In determining whether the Subsidiary undertaking 15 acting a5 agent or prirlcipal with re8ard to an element of the 'Seheme Participation Char8e' income. the Trustees have assessed whether it is the subsidiary undertakin8 or the relevant police forte that has exposure to the significant risks and rewards assoaated with the provision of the NDORS scheme. The Trustees have detern)ined ihat the subsldSary undertaking Is actln8 as principal based on this 355essment. The element of the'scheme Panicipatlon Charge, income recovered by the pollce forces durltvd the year was £81.087.54712022.. £69,858,660). 26
THE ROAD SAFETY TRUST LIMITED IA company limited by 8uaranteel NOTES TO THE FINANCIAL STATEMENfs Icontinuedl FOR THE YEAR ENDED 31 MARCH 2023 4. Investrnent income Group 2023 Gr¢JJp 2022 Charitv 2022 2023 Bank interest Interest on loan to group undertakin8 Dividends 63.71 5.473 5,473 30,0(N) 63. 5,473 35.473 S. Expendlture on tharItae acthfttles Group 2023 Group 2022 Ch•rlty 2023 tharity 2022 Granis (see note 61 Direct COSt5 Support Costs l29776 241,915 ISSJ20 1,579,645 195,524 121.116 I29776 241.915 1,579,645 121,116 L694Jll 1,896.285 1.694.811 1,896,285 SupportC05ts include folthiiro: Group 2023 Group 2022 Char 2023 Charity 2022 Office costs Other costs Governance costs iluding legal and professional fees 27,970 46,716 14.945 53.933 52,238 27.970 46,716 14.945 53.933 52.238 155.320 121.116 155310 121.116 pport costs and 8overnarKe costs he been allocated a8ainst the chwff¢able actity. 27
THE ROAD SAFETY TRUST LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023
6. Grants – Group and charity
| 6. Grants – Group and charity | |
|---|---|
| Addenbrookes Charitable Trust Birmingham City Council Brunel University, London Cardiff University Derby City Council Dryman Community Development Trust Folksam Gloucestershire Constabulary Grants paid from the Impact Fund Institute of Global Health Innovation, Imperial College London Leeds Beckett University Lincolnshire Police Liverpool City Council London Borough of Waltham Forest Loughborough University Enterprise Limited Loughborough University National Young Rider Forum Nottingham Trent University Parliamentary Advisory Council for Transport Safety (PACTS) Road Safety Foundation Shiny Side Up Partnership Staffordshire University So Mo Suffolk County Council Sustrans Swansea University The British Horse Society The Floow Limited The Kier Foundation The Open University University College London University of East Anglia University of Greenwich University of Sheffield University of Southampton University of the West of Bristol Wilsden Parish Council Wirral Grants awarded recognised as expenditure* Grants payable at 1 April Grants paid during the year |
Grants awarded 2023 No. of grants 2023 Grants awarded 2022 No. of grants 2022 £ £ £ £ - - (10,000) - 5,000 1 - - 19,330 1 - - - - (10,730) - - - 30,000 1 30,000 1 - - - - 18,130 1 - - 171,875 1 - - 755 - - - 91,073 1 182,878 1 - - - - 229,771 2 - - 8,783 1 (5,000) - - - 22,730 1 55,000 1 349,450 2 - - 12,000 1 - - 292,950 1 - - 16,750 1 136,000 1 (3,454) - 199,327 1 5,874 1 - - - - 24,532 1 25,000 1 - - (4,000) - 30,000 1 (31,536) - - - - - 46,437 1 30,000 1 - - - - 189,919 1 29,839 1 - - 23,898 1 - - 23,000 1 140,823 1 283,627 1 - - - - 18,999 1 - - 195,932 1 (6,100) - - - - - 13,019 1 6,964 1 - - (11,624) - - - |
| 1,297,576 18 1,579,645 18 2,001,204 1,272,531 (1,270,674) (850,972) 2,028,106 2,001,204 |
28
THE ROAD SAFEfY TRUST UMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31 MARCH 2023 6. Grants- Group and clwity (continued) 'Grants paid from the Impact Fund represent a small number of additional grant5 paid for existing recipients to help enhance the Impact of their projects. 'Grant commitments may be amended as the requirements of the proiert than8e, with the approval of the Road Safety lThitiatives Committee. Grant5 payable is the amount prov5ded in rèspèd of grants committed to recipients which had not yet been paid bv the end of the year. The projects which are lunded by the grants made a typically carried out over a period of more than one year arbd octasionally more than two years. with grant instalments payable in arrears when the projects reach a8reed milestones. The amount of grants payable therelore reflects the grants committed in prtor years, as well as the 8rants committed in the year. Information about the nature of the projects beln8 SUPPOrted can be found in the Trustee5' Report. 7. N•t Incom• Group 2022 Charlty 2023 Chority 2022 2023 Net Incomo Is stated after tharylng: Fees poyable to the oudirors oslollows.. Audit services 150 27.9SO 13.500 11,750 Otherservices.. Taxation compliance services Other non-audit servites 3,168 8,2LJ) 1150 9.750 2.950 45.400 39,318 15350 14,7QJ 8. Staff costs Grtyjp 2023 Group 2022 Charlty 2023 Charitv 2022 Salaries and wages Social security costs Pension cosis I18.698 163,479 1,182,365 134.938 59,103 176.625 18,895 8.753 150.037 15.782 7.487 1.786271 1.376.406 20427Y 173,306 29
THE ROAD SAFETY TRUST UMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 MARCH 2023 8. Staff costs Iconllnuedl Group 2023 Gr(>up 2022 Charlty 2023 Charity 2022 Average number of employees 28 Durin8 the year, 612022.. 31 Trustees were reimbursed expènses of £2.49412022.. É1811. This related to travel and other out of pocket expenses. No Trustee5 were paid durin8 the year12022= £Nill The key management personnel of the Group comprise the directors of UKROEd Limited and the Chief Exètuti¥e Offlcer of the charlty. The total employment benefrts of the key management personnel including Natlonal Insurance of the Group were £S1)0,41912022: £449,434). The key mana8ement personnel of the charity comprise the Chief Executive Officer and the Head of Finance. The total employment benefits of the key management personnel of the charity Iluding National Insuran were £75,270 12022.. £73.8241. The number of employees whose total employee benef ex¢eeded £.0)) during the year for the charitable group was: 2023 2022 £60,001 . £70,0 £70,001- £80,OCKJ £80,001 . £90,000 £90,001- £ICQ,(KIO £ioo,(A)o- £iio,c £110,001 . £120,CO) 9. Retlrement benefii Scheme The Group operates a defined contribution pen5i0n xheffle for all qualifying employees. The assets of the scheme are held separately from those of the 8roup In an independentty administered fund. The employer'5 pension costs chaoed to the Statèment ol Financial Aciivities durin8 the year amounted to £94,094 12022.. £59,103). 10. Taxatlon The charity is exempt from tax on incomt and gains falling within strtion 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Art 1992 to the extent that these are applied to sts charitable objerts. 30
THE ROAD SAFETY TRUST UMITED (A company1Smbted by guarantee) NOTES TO THE FINANCIAL STATEMENTS Icontlnued) FOR THE YEAR ENDED 31 MARCH 2023 IL Subsldlary undertaklng The charltyiontrolsand is sde rnernr of UKROEd Limited. a company limited by. guarantee, irtorporaied in the United Kingdom Icompany number 087TJ9771. its registered office address is.. Colwyn Chambers. York StreeL Manchester, England. M2 38L A summ¥yolthe trading results are shown bdow.. 2023 2022 Aggregate 355ets Aggregate liabilitles 18393.519 15.723,301 118.393.5191115.723.3011 Nèt assets IoMe Cost of sales AdMinistrate expenses Intest payable 88262.6(5 76.083.182 181.087.5471169,858.6601 15A95.9641 13.909.283) I30,L)I 130,CWI Surplus lorthe year 1,649.095 2,285,239 Thè income ané expenditure of UKROEd LimitÈd are shown under ihe headln8 'Other tradin8 Xtivlties. in the consolidated statement ol income aryl expendiiure accouni. The subsidiary made a distribthion of £1.649,095 durinB the year to the charitablè parent under 8ift id12022.' £2.285.2391. 12. Debtors Group 2023 Group 2022 Charlty 2023 Charity 2022 Duèwlthln ¢ne yr Trade debtors Amount5 owed by 8roup un(krtakln8S Other debtcrfs Prepayment5 and accrued irKome 4.260.321 6.678.348 2.149.099 685,239 8.025J16 7.437.505 44.525 8,941 IL286.137 14.IIS.853 2.193.624 694.180 31
THE ROAD SAFETY TRUST UmED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEmErs Icontlnued) FOR THE YEAR ENDED 31 MARCH 2023 13. Creditors: Amtyjffls fallknzdue within year Group 2023 Group 2022 Charrty 2025 Charity 2022 Trade Creditors Taxation ar soci& security Othèr creditors Grants payable 8.277.743 339.411 7.652W6 L336.140 7,5C(J,361 414.525 7.147.484 l6[,596 11,787 4.560 9.909 9.850 4,549 1,606,596 1.336.140 17.606.180 1&668,%6 1368,687 1.630.9)4 14. Credltors: Amounts falkn8 due afterrethITr ffie year Grwp J)23 Group 2022 crIty 2023 Charfty 2022 Grants pa¥ae 691.966 394,608 691.966 394,608 IS. Operatlrrf leasecomrniiments At 31 Mwch 2021 the group and the charity had comm¢tments to make futurè minimum lease payments under non<ancellable operating Itases as follows: Group 2023 Group 2022 Not later than I year Later than l year and r¥)t later than 5years 14.932 14,932 16. Limlttd lablllty The company 15 lirnited iry guarantee and does rot have share capital. E*h member 8Tves a 8uarantee to contribute a sum, not exCeed1r £1. to the company should it be wound up. At 31 March 2023 tre were 43 members12022.. 431. 32
THE ROAD SAFETY TRUST LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023
17. Related party transactions
During the year £1,649,095 was distributed under gift aid from UKROEd Limited, the wholly owned subsidiary (2022: £2,285,239). A total of £nil was paid during the year, leaving a sum of £1,649,095 due at 31 March 2023 and is included in amounts owed by group undertakings (2022: £185,239).
The charity recharged £Nil of bank charges to UKROEd Limited (2022: £4,582).
A loan of £500,000 was advanced to UKROEd in April 2021, repayable in October 2023, bearing interest annually at a rate of 6%. The balance on the loan to UKROEd Limited was £500,000 at 31 March 2023 (2022: £500,000).
Although not related parties as defined by FRS 102, in the interest of transparency the Trustees have the following other relationships;
-
according to the Trust’s Articles of Association, the Police Force Trustee is the Chief Officer who is the National Lead for Roads Policing in England, Wales and Northern Ireland. The force which they lead will therefore be a recipient of income reflecting cost recovery arising from the NDORS Scheme payable by UKROEd Limited.
-
the police forces overseen by the Police and Crime Commissioner appointed to the board of Trustees will also be a recipient of income reflecting cost recovery arising from the NDORS Scheme payable by UKROEd Limited.
18. Reconciliation of net income to net cash flow from operating activities
| Net income Adjustments for: Interest receivable Decrease / (Increase) in debtors Increase in creditors |
2023 £ 2022 £ 47,990 424,426 (63,706) (5,473) 1,829,716 (2,372,030) 1,234,572 2,529,304 |
|---|---|
| 3,048,572 576,227 |
19. Control
At 31 March 2023 there was no one ultimate controlling party.
33