|||Page|| |---|---|---|---| |Reference and Administrative
Details|||| |Report ofthe Trustees|2|to|8| |Report ofthe Independent
Auditors|9|to|11| |Statement
of Financial Activities||12|| |Balance Sheet||13|| |Cash Flow Statement||14|| |Notes to the Cash Flow Statement||15|| |Notes to the Financial Statements|16|to|23| |Detailed Statement of Financial
Activities||24|| ## |Trustees|||Lord J LWhitty Chairman|Lord J LWhitty Chairman|Lord J LWhitty Chairman|(resigned|(resigned|18/7/2022)| |---|---|---|---|---|---|---|---|---| ||||Mr R KTurner OBE|||||| ||||Miss AJ Overton-Wood|||||| ||||Mr A S H Silverman|(resigned|||19/2/2023)|| ||||DrS M Sharland|||||| ||||DrS K Hammerton|(appointed|||18/7/2022)|| ||||Mr N DJ Lomas (appointed|||2/3/2023)||| |Company|secretary||Ms S Holroyd|||||| |Registered|office||60 Trafalgar Square|||||| ||||London|||||| ||||WC2N 5DS|||||| |Registered|company|number|02069723 (England|and|Wales)|||| |Registered|charity number||295573|||||| |Auditors|||Haines Watts|||||| ||||Chartered
Accountants||and Statutory|||Auditor| ||||178Buckingham
Avenue|||||| ||||Slough|||||| ||||Berkshire|||||| ||||SL1 4RD|||||| |Bankers|||Barclays Bank Pic|||||| ||||8 Market Place|||||| ||||Basingstoke|||||| ||||RG21 7QA|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## |Future plans|||||| |---|---|---|---|---|---| |In 2023the Foundation
plans to seek to|||||| |Continue to advocate for further road safety engineering
investment
based|on our annual
crash risk|mapping|||and| |performance
tracking analyses, across both the strategic road authorities|and the Department
for Transport.||||| |Provide thought leadership
regarding
the implementation
ofa Safe System
in UK by developing
concepts,||||policy,|| |and materials
and through
leadership
ofthe Safe System infrastructure
working
group|||||| |Provide leadership
ofthe United
Kingdom
iRAP initiative
by running
the road authority
user group and|||by||| |communicating
the collective achievements
and impact ofthe programme|||||| |Support
National
Highways
in its planning
for RIS3and in embedding
the|use ofthe iRAP data and|approach|||in| |practice through
an extensive training
programme
and through
development
of supportive
policy and tools|||||| |Support Welsh Government
in maximising
the impact oftheir recent iRAP|survey||||| |Advocate for safety performance
management
ofthe Major Road Network|in a similar way that this|is|done|for|| |the Strategic Road Network,
with measurement
ofthe safety performance|of road infrastructure
as|a|||| |performance
indicator|||||| |Continue to highlight
the challenges
of local authorities
particularly
relating|to road safety governance,||capacity,||| |funding
and strategic approach|||||| |Continue to support
local authorities
in undertaking
iRAP surveys
and developing
highly effective road safety|||||| |remedial
countermeasure
programmes|||||| |Build capacity amongst
road authority
personnel
and their supply
chain in
Undertake
research
and innovation
activities
to refine the iRAP tools such|delivering
a Safe System
that they support Safe System||||| |implementation
in UK|||||| |Continue
leadership
ofthe Older Drivers Task Force and to scope out implementation
opportunities|||||| |Support initiatives
at the European
and global level where the Charity's speaal
skills can contribute||effectively|||| |Structure,
governance
and management|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total|Total| ||||||fund|fund|funds|funds| |||||||||as restated| |||||Notes||||6| |Income and endowments|||from|||||| |Charitable||activities||||||| |Charitable|activities||||313,690|207,164|520,854|557,723| |Expenditure||on||||||| |Charitable||activities||3||||| |Charitable|activities||||209,770|207,164|416,934|292,112| |Other|||||173,205||173,205|136,495| |Total|||||382,975|207,164|590,139|428,607| |NET INCOME/(EXPENDITURE)|||||(69,285)||(69,285)|129,116| |Reconciliation
offunds||||||||| |Total funds||brought forward|||322,423||322,423|193,307| |Total funds||carried forward|||253,138||253,138|322,423| ||||||2022|2021| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||fund|fund|funds|funds| |||||||as restated| |||Notes||||6| |Fixed assets||||||| |Tangible assets||10|3,451||3,451|82| |Current assets||||||| |Debtors|||25,399|52,990|78,389|73,725| |Cash at bank|||906,025||906,025|368,087| ||||931,424|52,990|984,414|441,812| |Creditors||||||| |Amounts
falling due within one year||12|(681,737)|(52,990)|(734,727)|(119,471)| |Net current assets|||249,687||249,687|322,341| |Total assets|less current liabilities||253,138||253,138|322,423| |NET ASSETS|||253,138||253,138|322,423| |Funds||||||| |Unrestricted|funds||||253,138|322,423| |Total funds|||||253,138|322,423| ## ||||2022|2021| |---|---|---|---|---| |||||as restated| |||Notes||6| |Cash flows from operating
activities
Cash generated
from operations|||514,119|161,894| |Net cash provided
by operating
activities|||514,119|161,894| |Cash flows from investing|activities|||| |Purchase oftangible
fixed assets|||(4,884|| |Net cash (used in)/provided|by investing|activities|~4,884)|| |Change
in cash and cash|equivalents|in||| |the reporting
period|||509,235|161,894| |Cash and cash equivalents|at the|||| |beginning
ofthe reporting|period|2|343,800|181,906| |Cash and cash equivalents|at the end|of||| |the reporting
period||2|853,035|343,800| ## |Reconciliation
ofnet (expenditure)/income|Reconciliation
ofnet (expenditure)/income|Reconciliation
ofnet (expenditure)/income|to net cash flow from operating|activities|| |---|---|---|---|---|---| |||||2022|2021| ||||||as restated| ||||||6| |Net (expenditure)/income||for the reporting|period (as per the||| |Statement
ofFinancial||Activities)||(69,285)|129,116| |Adjustments
for:|||||| |Depreciation
charges||||1,515|541| |(Increase)/decrease|in debtors|||(4,664)|55,445| |Increase/(decrease)|in creditors|||586,553|~23,208)| |Net cash provided|by operations|||514,119|161,894| |Analysis
ofcash and cash equivalents|||||| |||||2022|2021| ||||||as restatedf| |Cash at bank||||906,025|368,087| |Cash in transit||||~52,990)|~24,287)| |Total cash and cash|equivalents|||853,035|343,800| ## |Analysis
ofchanges
in net funds|||| |---|---|---|---| ||At 1/1/22
8|Cash flow
8|At 31/12/22f| |Net cash|||| |Cash at bank|368,087|537,938|906,025| |Cash in transit|~24,287)|~28,703|~52,990)| ||343,800|509,235|853,035| |Total|343,800|509,235|853,035| ## ## ## ## ## ## ## |2.|Income from charitable|Income from charitable|activities|activities||||| |---|---|---|---|---|---|---|---|---| ||||||||2022|2021| |||||||||as restated| |||||Activity|||F|6| ||Research projects|||Charitable|activities||288,860|413,763| ||Grants|||Charitable|activities||231,994|143,960| ||||||||520,854|557,723| ||Grants received,|included|in the above, are||as follows:|||| ||||||||2022|2021| |||||||||as restated| ||||||||6|6| ||Road Safety Trust||||||69,642|93,397| ||EIB Road Safety|Partnership|||||8,851|8,856| ||EuroRAP Support
RST Tel em sties|Grant|||||15,979
100,715|12,761
16,998| ||RST EATF||||||36,807|11,948| ||||||||231,994|143,960| |3.|Charitable
activities costs|||||||| |||||||||Direct| |||||||||Costs| |||||||||6| ||Charitable
activities|||||||416,934| |4.|Supportcosts|||||||| ||||||||Governance|| |||||||Management|costs|Totals| |||||||6|F|6| ||Other resources|expended||||167,650|5,555|173,205| |5.|Net income/(expenditure)|||||||| ||Net income/(expenditure)||is stated after charging/(crediting):|||||| ||||||||2022|2021| ||||||||6|as restatedf| ||Auditors'
remuneration||||||5,555|4,715| ||Depreciation-
owned assets
Net (gains)
/ losses on foreign|||exchange|||1,515
(1,019)|541
~191)| ## ## ## ## ## |During the
Staff costs|ye|ar, truste|es'|wer|e re|imbursed
|81|78(2021:Fnil) for|their trave|l expens|es|| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||2022|2021| |||||||||||||as restatedf| |Wages and|salaries||||||||||204,266|133,297| |Other pension||costs|||||||||18,406|10,447| ||||||||||||222,672|143,744| |The average||monthly|number||of|employees|dudng the year was||as follows:|||| ||||||||||||2022|2021| |||||||||||||as restated| |Trustees|||||||||||5|5| |Employees|||||||||||3|4| ||||||||||||8|9| |The number|ofemployees|||whose||employee|benefits (excluding||employer|pension|costs) exceeded|860,000was:| ||||||||||||2022|2021| |||||||||||||as restated| |860,001 - 670,000||||||||||||1| |870,001 —F80,000|||||||||||1|| |880,001 —F90,000|||||||||||1|| |Comparatives||for the statement||||offinancial||activities||||| ||||||||||Unrestricted||Restricted|Total| |||||||||||fund|fund|funds| |||||||||||||as restated| |||||||||||||E| |Income and||endowments||from||||||||| |Charitable|activities|||||||||||| |Charitable|activities||||||||435,380||122,343|557,723| |Expenditure||on||||||||||| |Charitable|activities|||||||||||| |Charitable|activities||||||||168,911||123,201|292,112| |Other|||||||||136,495|||136,495| |Total|||||||||305,406||123,201|428,607| |NET INCOME/(EXPENDITURE)|||||||||129,974||(858)|129,116| ## |Comparatives|for|the statement
offinancial|activities
-continued||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|Total| ||||fund|fund|funds| ||||||as restated| ||||||6| |Reconciliation|offunds||||| |Total funds brought||forward|192,449|858|193,307| |Total funds carried forward|||322,423||322,423| ## ## ## |||||Computer| |---|---|---|---|---| |||||equipment| |||||6| |Cost||||| |At 1 January|2022|||2,880| |Additions||||4,884| |At 31 December 2022||||7,764| |Depreciation||||| |At 1 January|2022|||2,798| |Charge for year||||1,515| |At 31 December 2022||||4,313| |Net book value||||| |At 31 December 2022||||3,451| |At 31 December 2021||||82| |Debtors: amounts||falling due within one year||| ||||2022|2021| |||||as restated| ||||6|6| |Trade debtors|||11,452|636| |Other debtors|||679|29,370| |Prepayments|and|accrued income|66,258|43,719| ||||78,389|73,725| ## ## ## |12.|Creditor|s: am|ounts
|fall|i|ng due|within one year|||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||2022|2021| |||||||||||as restated| ||||||||||E|E| ||Bank loans and Cash|||in|transit (see note 13)||||52,990|24,287| ||Trade creditors||||||||851|1,120| ||Social security||and other|||taxes|||7,267|5,477| ||VAT||||||||106,744|5,669| ||Other creditors||||||||57,429|34,391| ||Accruals|and|deferred|income|||||509,446|48,527| ||||||||||734,727|119,471| |13.|Loans|||||||||| ||An analysis ofthe maturity|||||of loans is given below:||||| ||||||||||2022|2021| |||||||||||as restated| ||||||||||E|E| ||Amounts|falling due within||||one year on demand:||||| ||Cash in|transit|||||||52,990|24,287| |14.|Movement
in||funds|||||||| ||||||||||Net|| ||||||||||movement|At| |||||||||At 1/1/22|in funds|31/12/22| |||||||||E|E|E| ||Unrestricted||funds|||||||| ||General|fund||||||322,423|(69,285)|253,138| ||TOTAL|FUNDS||||||322,423|~69,285)|253,138| ||Net movement||in funds,||included||m the above are as follows:|||| |||||||||Incoming|Resources|Movement| |||||||||resources|expended|in funds| ||||||||||E.|E| ||Unrestricted||funds|||||||| ||General|fund||||||313,690|(382,975)|(69,285)| ||Restricted funds|||||||||| ||Restricted
Fund|||||||207,164|(207,164)|| ||TOTAL|FUNDS||||||520,854|(590,139)|~69,285)| ## ## ## |Comparatives|for moveme|nt
in funds|||| |---|---|---|---|---|---| |||||Net|| |||||movement|At| ||||At 1/1/21|in funds|31/12/21| ||||E|E|E| |Unrestricted|funds||||| |General
fund|||192,449|129,974|322,423| |Restricted funds|||||| |Restricted
Fund|||858|(858)|| |TOTAL FUNDS|||193,307|129,116|322,423| |Comparative|net movement|in funds, included|in the above are as follows:||| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| ||||E|E|E| |Unrestricted|funds||||| |General
fund|||435,380|(305,406)|129,974| |Restricted funds|||||| |Restricted
Fund|||122,343|(123,201)|(858)| |TOTAL FUNDS|||557,723|(428,607)|129,116| ## ## ## ## |||2022|2021| |---|---|---|---| ||||as restatedf| |Income and endowments|||| |Charitable
activities|||| |Research projects||288,860|413,763| |Grants||231,994|143,960| |||520,854|557,723| |Total incoming resources||520,854|557,723| |Expenditure|||| |Charitable
activities|||| |Wages||123,708|53,262| |Research projects||293,226|238,850| |||416,934|292,112| |Supportcosts|||| |Management|||| |Wages||80,558|80,035| |Pensions||18,406|10,447| |Membership
fees||5,212|5,703| |Insurance||7,398|1,425| |Exchange differences||(1,019)|(191)| |Sundries||150|| |Bank charges||346|233| |Printing||136|133| |Computer
costs||150|970| |Communications||11,529|4,618| |Subscriptions||532|288| |Legal and professional|costs|22,727|17,112| |Office costs||20,010|10,466| |Computer
equipment||1,515|541| |||167,650|131,780| |Governance costs|||| |Auditors'
remuneration||5,555|4,715| |Total resources
expended||590,139|428,607| |Net (expenditure)/income||(69,285)|129,116|