THE ROAD WETYTRUST {A¢omyny Ilmlted byiuar4nteel Annual re￿)rt and fina￿la1 statements for year ended 31 Mwch 2023 Registered number ￿37451 Charity r￿rnber 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 ed￿ation. 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 rep￿1 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 guar￿teel 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 gr*ts 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 dil￿enCe 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 applicat￿n5 being awarded grants to a total 01 £1,108,905. The ￿arf5 Small Grants Pro8ramme Ok*ned 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 h*e 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 prcllaborète wlth irantees to ensure dlssèmknathn that m•xlm15es the opportUn￿V 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 NatiC￿al Confele￿e *)d NPCC/UKROEd conferènce in 2022. This brought the projects to life and in the words of the grantees. They sh*ed thetr eXperIe￿e of working with the TrusL how rA)Sitive this was and the dIffere￿e 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 ma￿mise 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 prod￿e$ 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 iMporta￿e pl￿ed 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 t0contrit￿teto reducin8 death and serious injuryon UK Roads. This has been achievedthroLEh support for wide ran8e of acbvities which itKlude briefings confere￿e$ 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-sC￿te Briefing on Vèhicle Safety Regulations lor GB.. Vaccine for Vehlcles Briefing on Seat belts.. Seat be￿S.. fime for A(tion Road Safety Conferences and Convenin8 Events PACTS swing confere￿e, 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 PA￿5 councll of members meetir£ and 40rh-anniversary reception- 1710712022 PAcfs autumn c￿ference.. Equality in transp)rt safety confere￿e- 1911012022 Project EDw￿(D parliamentay reCeptiC￿-Artended by 10 parliamentari￿5 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 Or￿1n8 - 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 r￿ew, theTrust contin￿1 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%E￿te. resp)ndin8 to a questionnaire to ensurethat their organisation 15 eligible accordin8 to our published criteria. The content of grant ap￿Icab0nS is Sp￿rtled 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 c￿n[￿eted and one closed but was uncompleted. In 2021-2022 there were de￿¥5 to cOm￿et10n ol projeds attributed to Covid-19 and somè of the restrictions that were In place dwin8the period.. Project5 are bad¢ on tr￿k and 23 projertsare scheduled to com￿ete 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 ObStr￿l￿e 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 vUlneral￿e road users IVRU Drymen Speed redwiion and CLYnmunity space goin throu8h rO￿WaY softenin lasr)utchan £23.898 The Open Univwsi £29.839 The Kier FrAJndation £30,C￿0 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 or8an1s￿l0n "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 Bimi1￿h￿ 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$8rant-giving activity and meet itscharitable objertives ar%1 Ib)es not undertake anylundraising actimtiès with the public. The charity is Con￿l0U$ 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 grant*ivin8 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 The charity has appointed siennik asa new Consulti￿ part￿r to as%st in developi￿ its communications activity. Theclear purpose ol this increased profile and resource is not only to demonstrate the value to road safety ddivered throu8h its funded projects, but alsoto encowage the submission of hi8hquality. wa¢ti¢lly l(xussedand potentyallyimpattfvl application5 which is how the Trust can deliver tts ch¥iiable purw)s*. The directofsof UKROEd plan ¢0 undertake a rewew ofcore Infomiation pr￿es￿re sys￿M5 In order toensure that thev may be renewed and imwoved in an orderly andttsst-effertive way. which will entail 98nilicant expenditure ol finanoal resources, commltment of managemeni re50urce5 a￿1 use ol staff timeover the comin8 years. PRINOPAL RISKS AND (ANCERT￿NTIEs The Strategic Rlsk Re8lSter is re￿eWed three times ay*ar bythè Audit & Risk Committee and then reported to the Trust board with a summary ol the operational risks that are, or have become. si8nificant. The Audit & ￿sk Cornmittee risk workshjp in February 2022 continued to provide a firni base for assessin8 risks aThJ the mili8arions implernented. The potential impact ol each of the strate￿.C risks o￿lIned below isconslderable. FINANCIAL SUSTAINABILirY The Trust depends on Its tradin8 subsidi*y as its sole source cl iwxne. While its subydiary is leKally obll8ed to distribute all ol its surplus to theTrusi. amountof thè surplus t¥h year is variatrle and subjKt to risks which neither the Trust nor UKROEd can wholly control. The Trust holds re5eNes in respert of the risk5 associated with both the Trust and UKROEd and made a loan ol £%xI.rm to UKROEd in April 2021 and extend&J the duration of rhe facility by one vear in July 2023. wli¢h was outstanding at the year end. Care has been taken with the 3-year strate8y and financial planning of the tradin8 subsidiarytoensure its viability Sothat theTrust cancontinue itsgrant-making attivity- A number of measures and monitoring task% ￿TO$S BovernarKe and owaiions are in place to mitl8ate this risk. 2) COMPUANCE The Road Safety Trust or its tradin8 subsidiary could ina(fvertentty betomè nononybilities 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 i￿l￿ded 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 i￿OnsIstenC•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 consiSt￿t with the financial statements the information given in the trustees. rep￿. which Includes the directors. rep￿t 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. re￿rt 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 ￿COUnt￿Nd 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, res￿nSibIl￿1es 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 respons*ble for the preparation of the financial statements and lor being 5*isfied 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 frc*n 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 g￿n8 ccrtcern. dixlosin& a$ 0)￿lCable. matters related to gcing c￿￿ern 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 a￿lIt of the finan¢￿1 ststements Our objectives are tg obtain rea50Thable aSSUfarKe ab￿t whether the finarrial statements as a whole are free from material mis5tatemen¢ whether due to fr￿d 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, indi*idually or in the aggr￿ate. they could ￿aSOnablY be expected to influence the economlc declsSons of users taken on the basis of these fin￿1￿1 statements. Details of rhe extent to whlch the au(fitwas considered cap*le d detertin8 irregularities. including fraud and non- Com￿LarKe with laws and regulations weset cwjt telow. A further description of our responsibilit￿ fw the ￿dfjt of the financial stat￿ents Is loc*ed 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 d*ettlnB *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 a￿li( eviderKe suffic*nt appropriate to wovlde a ba￿S 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 re8ul*ion5 as part of our ￿di1 procedures ¢J) the related financial staternent items. In adthtion, we considered pro￿￿on5 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 a￿111 prcredures io i(kntily nonBirmingham 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 I￿18.698 163,479 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 I￿luding 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 rnern￿r 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 I￿oMe Cost of sales AdMinistrat￿e expenses Inte￿st 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 y￿r 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 Um￿ED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEmEr￿s 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 after￿￿rethITr ffie year Grwp J)23 Group 2022 c￿rIty 2023 Charfty 2022 Grants pa¥a￿e 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 nonAdjustments 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