2020-12-31-accounts - Tyresafe

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Registered charity number 1168354

Tyresafe Charitable Incorporated Organisation

Trustees' Report and Financial Statements

for the Year ended 31 December 2020

Tyresafe Report and financial statements Contents

	Page
Legal and administrative information	1
Trustees' report	2-4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes forming part of the financial statements	8-10

Tyresafe Legal and Administrative Information

Charity name	Tyresafe
Charity registration number	1168354
Registered Office and operational address	Peershaws - Berewyk Hall Court
	White Colne
	Colchester
	Essex
	CO6 2QB
Trustees	Mr S Jackson Chairman
	Mr M Bourne
	Mr J Thrupp
	Mr S T Hiorns
Independent Examiner	Saffron Chartered Certified Accountants
	27 Chaucer Road
	London
	E7 9LZ
Bankers	HSBC Bank Plc
	27 The Broadway
	Cheam
	Sutton
	SM3 8BJ

Tyresafe

Trustees' Report

Year ended 31 December 2020

The Trustees present their report and financial statements for the year ended 31 December 2020. This report is prepared in accordance with the Statement of Recommended Practice-Accounting and Reporting by Charities, revised 2019.

STRUCTURE GOVERNANCE AND MANAGEMENT

Tyresafe is a Charitable Incorporated Organisation CIO (number 1168354 ) registered with the Charities Commission to take forward the work of the unincorporated association by the same name. The Members of the CIO are corporate bodies who undertake to act in good faith to further the purposes of the CIO. We must have at-least three trustees and a maximum of six. We aim to have a Board whose skills and diversity mix fit with Tyresafe's strategic direction, core activities and regulatory requirements. Trustees are appointed through an open recruitment process, which includes an interview with the Chair, and at least one other Trustee, followed by ratification by the members of the CIO.

There is an induction process for new trustees which includes an induction pack, introductory sessions with the Chairman and management team. New trustees are supported by more experienced trustees through a ‘buddying’ system.

The day to day management of the charity is outsourced to C J Association Management Ltd, an independent organisation that consults regularly with the Chairman and reports to the trustees at each of their meetings.

RISK MANAGEMENT

The trustees have a risk management strategy which comprises:

An annual review of the principal risks and uncertainties that the charity faces.

The establishment of policies, systems and procedures to mitigate those risks identified in the annual review.

Strategic and operational plans and an annual budget, and progress reporting against plans and budget.

The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

The trustees have identified that the major risks are related principally to the membership income. The Trustees have sought to mitigate risk where possible, particularly relating to ensuring that the organisation has access to appropriate professional expertise and management capability, and that there are plans for and investment in achieving financial sustainability.

On this basis the Trustees are satisfied that all material risks are managed effectively and that the charity will be funded adequately for the foreseeable future.

OBJECTIVES AND ACTIVITIES

The primary objective of the charity is the preservation and protection of health and the saving of lives by providing education to the public on the subject of road safety, to reduce the number of deaths and injuries which occur on public roads, in particular in relation to tyre safety.

ACHIEVEMENTS AND PERFORMANCE

2020 was utterly extraordinary. Compare 1 January 2020 with the world as it was on 31st December 2020.

TyreSafe had no immunity from the COVID-19 pandemic, either. The annual 2020 plan was concluded and the team set to work, only to have to rip it up and start all over again.

Tyresafe

Trustees' Report

Year ended 31 December 2020

The onset of the pandemic forced TyreSafe to be more responsive and innovative in the delivery of our potentially life-saving message than ever, which was a real challenge. ‘Check your tyres’ clearly resonates most when people are driving regularly but as traffic levels dropped by as much as 80% the approach had to be adapted.

TyreSafe developed materials to engage children and families while they were at home during Lockdown 1. As restrictions eased, a high-profile campaign to help motorists prepare for staying safe when getting back on the roads was conceived and delivered, working alongside the DfT, Highways England (now National Highways), National Roads Policing and the Fire Services. ReadyForTheRoad? put TyreSafe at the forefront of a national campaign formed by a partnership of the UK’s leading road safety organisations for the first time.

Adaptation and innovation was also essential if for our showcase event of the year – the TyreSafe Briefing. Staging an online TyreSafe Briefing was a tough ask, but what was achieved was a first not only for the charity but also for the tyre industry. This has inspired TyreSafe to make further use of the online video conferencing platforms to create more opportunities for supporters to engage directly with the TyreSafe team.

Not only did the Briefing have to go online but alternative means for delivering the TyreSafe Awards was needed as a gala dinner was unfeasible. Once again, an innovative social media programme meant the most important aspect, recognising the efforts of our supporters to raise awareness of tyre safety, was achieved in an engaging manner.

So, while 2020 was pretty awful for pretty well everyone, TyreSafe continued to break new ground and demonstrate great strength in preparation; innovation; and an ability to enthuse our highly-valued partner relationships to amplify those messages.

Print and Broadcast media

A circulation of over 120 million in traditional/broadcast media
Over 50 hours of broadcast coverage
YouTube over 30,000 views
YouTube 96,000 impressions
YouTube videos viewed for 730 hours
Twitter Followers 6,737, up 7% from 2019
Twitter over 2 million impressions
Twitter profile visits 16,700
Facebook over 2000 page likes
Facebook over 25,000 Engaged Users

FINANCIAL REVIEW

The surplus for the year ended 31 December 2020 is £62K. Total income is £207K whilst total expenditure is £145K. All the funds are unrestricted.

Reserves policy

In the Trustees’ view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.

The Trustees have examined the charity’s requirement for free reserves in light of the major risks to the organisation and its working capital requirements. The major risks include the impact of reduced public sector funding and the uncertainties surrounding future funding.

Tyresafe

Trustees' Report

Year ended 31 December 2020

With these factors in mind, the Trustees propose to maintain the charity’s free reserves at a level which is at least equivalent to three months' operational expenditure, currently £20,000. The Trustees review the amount of reserves that are required to ensure the charity’s future and to fulfil the organisation’s continuing obligations on a quarterly basis at their Trustees meeting.

Total free reserves as at 31 December 2020 were £120K.

PUBLIC BENEFIT STATEMENT

The trustees confirm that they have complied with the duty in Section 17 of The Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity. The charity’s charitable purpose is detailed in its objects, which is the preservation and protection of health and the saving of lives.

Delivery of public benefit is achieved by providing education to the public on the subject of road safety, to reduce the number of deaths and injuries which occur on public roads, in particular in relation to tyre safety.

STATEMENT OF TRUSTEES' REPONSIBILITIES

The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;

• State whether applicable UK Accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as we are aware:

There is no relevant information of which the Charity's Examiner is unaware; and

• The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the Examiner is aware of that information.

Approved by the Trustees and signed on their behalf by:

31 October 2021

S Jackson Chairman

Tyresalo Reglstèrod numbér: 1168354 Independont Examlrfs Roport To Tho Trustees ot Tyresato I report to the trustee8 on my oxanlnaiion ol th8 accounts ol Tyresafe for the ygar gnded 31 Decemtra 2020. Respon8lbllltles and ba$ls ol report As the chartty Iwstees you are resp)nsle lor tho preparaiion ol the a¢¢ounts in accordance wlth the requirements ol Ihe Chariiies Act 2011 I'the Act'l. I report in re5PgCt ol my examination ol the Chwity's accounts carried out under section 145 01 the 2011 Act and in carrying out my examination I have tollgwed all the appli¢at4e Directions given by the Charity commissi ur section 1451511bl ol the Act. Inthpend•nl examlner's stalemont I have completed my examination. I conftmi that malgrial matters have come to rny attenn in comection wrth the 9xaminalion gin9 me causo to believè that In any mai8rial resCt. 1. awunllry records were not kept In respect ol the Charity a8 requlred by Section 130 ot the Act., or 2. the accounts do not acwd with th080 record6,' or 3. the a)Unts th not conwly with the appliGable requir&m8n18 concemlng the form aKI content of accounts sel oth in tho Charities (Accounts and Roportsl R9gulallon8 2008 other than any requiiemenl that the accounts give a 'lrue and lalr which is not a mattef considergd as part ol an Ind8peTrJenl exaThMnation. I have rK) concems and have come across no other matt8rs in connection with the ex8minatlon to which attention should drawn in this report in order lo enable a proper understanding ol tho antS lo be rgachgd. Narn.. M Aavat Prolgs$ional Body.. ACCA Saffron ALxrMJntaw SeNices LÉmited A(.. 27 Chawr Road, London, E7 9LZ Dale: .. Octot¢i 2021

Tyresafe Statement of Financial Activities for the year ended 31 December 2020

Notes Income from: Charitable activities Membership subscriptions 2 Other Income 3 Total income Expenditure Expenditure on charitable activities: Safety campaigns 4 Other expenditure 5 Total expenditure Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward	Unrestricted Funds 31/12/2020 £ 203,900 3,032 206,932 49,838 95,070 144,908 62,024 58,246 120,270	Restricted Funds 31/12/2020 £ - - - - - - - - -	Total Funds 31/12/2020 £ 203,900 3,032 206,932 49,838 95,070 144,908 62,024 58,246 120,270	Total Funds 31/12/2019 £ 202,800 28,557
				231,357
				102,527 129,025
				231,552
				(195) 58,441
				58,246

Tyresafe Balance Sheet as at 31 December 2020

Notes Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets Charity funds Unrestricted funds 11 Total charity funds	2020 £ 7,500 66,739 49,525 116,264 (3,494) 112,770 120,270 120,270 120,270	2019 £ - 60,242 9,338 69,580 (11,334) 58,246 58,246 58,246 58,246	2019 £ - 60,242 9,338 69,580 (11,334) 58,246 58,246 58,246 58,246

			58,246
			58,246
			58,246

Approved by the Trustees and signed on their behalf by:

S Jackson Chairman

31 October 2021

Tyresafe Notes to the Accounts for the year ended 31 December 2020

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation of uncertainty in the preparation of the financial statements are as follows:

Accounting convention

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition effective 1 January 2019) - (Charities SORP (FRS102)), Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Tyresafe meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). These financial statements have been drawn up in the historical accounting basis.

Critical accounting judgements and estimates

In preparing these financial statements, management has made judgements, estimates and assumptions that affect the application of the charities accounting policies and the reported assets, liabilities, income and expenditure and the disclosures made in the financial statements. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Preparation of accounts on a going concern basis

The trustees consider there are no material uncertainties about the Charity’s ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives Trustees confidence the charity remains a going concern for the foreseeable future. In reaching this conclusion, the trustees have considered the impact of Covid-19 on the Charity and have reviewed cash flow forecasts covering a period of one year from the date of approval of these accounts.

Income recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasaonable accuracy.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fixed Assets

Fixed assets are depreciated, in equal annual instalments, over their economic lives at the following rates:

Website : 33% Straight line

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.

Trade debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Tyresafe Notes to the Accounts for the year ended 31 December 2020

Fund Accounting: Funds held by the charity are:

Unrestricted funds: These are general funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds: These are funds subject to specific trusts generally declared by the donor or funds raised for a specific purpose. Currently the charity does not hold any restricted funds.

Leasing

Rentals payable are charged on a time basis over the term of the lease.

2 Subscriptions


Subscriptions Membership subscriptions Associate subscriptions Commercial membership Car Manufacturer membership Independent garage membership	2020 £ 162,000 26,000 4,000 10,000 1,900 203,900	2019 £ 162,000 23,400 4,000 10,000 3,400
		202,800

3 Other Income Member recharges Awards sponsorship and sales Miscellaneous income	1,909 1,123 3,032	1,508 26,397 652
		28,557

4 Safety Campaigns

Tyre safety campaigns Other expenditure Management charge IT, website and advertising Travel and accommodation Postage, stationery and printing Legal and professional fees Bank charges and interest Subscriptions Insurance Bad debts and provisions Cost of meetings Sundry Depreciation	95,149 95,149 35,000 - 2,410 1,261 1,200 197 5,945 429 462 308 1,047 1,500 49,759	112,527
		112,527
		75,000 3,000 3,541 4,784 4,553 161 8,493 309 16,218 1,621 928 417
		119,025

5 Other expenditure

6 Staff numbers

The average number of persons employed by the charity during the period amounted to Nil

7 Transactions involving Trustees or other related party

Mr S Jackson, a trustee, was reimbursed expenses totalling £512 (2019:£935) in connection with work carried out for the charity.

Tyresafe Notes to the Accounts for the year ended 31 December 2020

8 Tangible fixed assets Cost at 1 January 2020 Additions At 31 December 2020 Depreciation at 1 January 2020 Charge for the year At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 All the company's fixed assets are used to support charitable activities.	Website £ 15,000 9,000
	24,000
	15,000 1,500
	16,500
	7,500
	-

9 Debtors Trade debtors Other debtors and Prepayments 10 Creditors: amounts falling due within one year Trade creditors 11 Movement in funds At 01/01/2020 £ Unrestricted funds 58,246 Total funds 58,246	Incoming resources £ 206,932 206,932	2020 £ 41,480 25,259	2019 £ 34,054 26,188 60,242 2019 £ 11,334 11,334 Transfers £ - -	At 31/12/2020 £ 120,270
		66,739
		2020 £ 3,494 3,494 Outgoing resources £ (144,908) (144,908)
				120,270