Company registration number.. 02069723
Charity registration number.. 295573
ROAD SAFEfY FOUNDATION
(A company Ilmited by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

ROAD SAFEfY FOUNDATION
CONTENTS OFTHE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
Contents
Page
Reference and administrative details of the Company, its Trustees and advisers
Trustees, Report
Independent auditor's report on the financial statements
10-12
Consolidated statement of financial activities
13
Consolidated balance sheet
14
Company balance sheet
15
Consolidated statement of cash flows
16
Notes to the financial statements
17-30

ROAD SAFEfY FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS
YEAR ENDED 31 DECEMBER 2024
Trustèes
Dr S K Hammerton
Dr S M Sharland
Miss A J Overton-wood
MrNDJ Lomas
Mr R I Sanderson (appointed 3 December 20241
Company registered number
02069723
Charity registered number
295573
Registered office
60 Trafalgar Square
London
WC2N SDS
Reglster Inspectlon address
Lily Hill House
Lily Hill Road
Bracknell
England
RG12 2SJ
Company secretary
S Holroyd
Independent auditor
Cooper Parry Group Limited
Statutory Auditor
Cubo Birmingham
4 Floor
Two Chamberlain SqLJare
Birmingham
83 3AX
Bankers
Barclay5 Bank PIC
8 Market Place
Basingstoke
RG217QA

ROAD SAFETY FOUNDATION
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
The Trustees (who are also directors Of the charity for the purposes of the Companies Actl present their
annual report together with the financial statement5 of Road Safety Foundation Ithe company) for the year
that ended on 31 December 2024. The Tru5tee5 confirm that the Annual report and financial statements of
the company comply with the current statutory requirements, the requirements of the company's governing
document and the provisions of the Statement of Recommended Practice ISORPI, applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard 102.
Since the company qualifies 85 small under section 383, the Strategic report required of rredium and large
companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not
required.
Objertivès and artivities
Charitsble objects
The Road Safety Foundation was e5tabli5hed t() promote rtsad safety for the benefit of the public and in
particular by..
the carrying out or procuring (whether by way Of financial assistance or otherwise) the research into
all factors affecting the safe use by all members of the community of public roads and the publication
of the useful results of such research.
the promotion of the circulation throughout the community of advice, information and knowledge
regarding the safe use of the public roads by all classes of users thereof.
to conceive, develop and implement whether alone or jointly with third parties ideas, programmes
and course of action whether of an educational or other nature designed to or having as their
objective the improvement of any aspect of road safety including (but not by way of limitation of the
foregoing) the carrying out of any projects or prograrnme5 intended to educate young children or
other5 in the safe use of the public roads.
In setting objettives and planning our activities, the Trustees have considered the Charity Commission's
guidance on public beriefit including the guidance on public benefit and fee charging. In seeking grant5 and
other voluntary income to support our ongoing work, the Trustees consider the accessibility of the Charity's
work to those organisations that seek to further the public benefit in relation to road safetv.
The CharltVs Focus
The Foundation's mission is to help make road travel as safe a5 rail and air on Britain's roads and beyond,. this
mission being closely aligned to implementation of a Safe System and Vision Zero. In working towards this
goal, the Charity recognises that road users will always make errors even when they are diligently observing
the rules of the road and so road collisions should be viewed as inevitable, and that road users have limited
tolerances to collision forces. In response the Charity advocates that we should design a safe road system
where the road, speeds and vehicle5 work together to prevent collisions from resulting in fatal or serious
injury.
The United Nations has declared 2020-2030 the second Decade of Action for Road 53fety, in support of the
Sustainable Development Goal to halve road deaths by 2030 from a 2020 baseline. The World Health
Organisation ha5 Set formal global road safety performance targets, the ones relating to road infrastructLJre
embrace the IRAP Star Rating of new and existing roads which forms a large part of the Charity's work.
With centr31 and Ioc31 government increasingly looking to create a Safe System, road authorities are turning
to the IRAP Star Rating approach to enable them to be proactive and systematic in reducing road risk. As the
United Kingdom Road Assessment Programme (United Kingdom RAPI lead, RSF'S work has moved towards
implementation and capacity building, while helping road authorities to overcome some key challenges of
Safe System implementation. Advocacy remains èn important component of the Charitv 5 work t() ensure

ROAD SAFETY FOUNDATION
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
proactive risk reduction becomes ubiquitous and road safety investment is sufficient to meaningfully reduce
fatal and serious injury.
The Charity aims to help reduce road trauma through the adoption of a Safe System by..
Analysing the safety performance of roads, priorit15ing where investment is likely to make the
greatest impact and scoping the scale and returns of different investment options.
Providing the approach, tools and training necessary to support road authorities in taking a proactive
approach to road risk reduction.
3. Undertaking research to progress knowledge and policy.
2024 ProBramme
In 2024, the Foundation completed a thriving portfolio of projects and work5tream5 including advocacy and
leadership. oversight of the United Kingdom IRAP initiative. research arid development, crash risk mapping.
and leadership of the Older Driver5 Task Force.
Advotaty and Leadershlp
The Charity has presented at several high profile events or conferences this year including Highways UK
Ikeynotel, Traffex, 'Road Safety Leadership.. An Agenda for the UK, hosted by Towards Zero
Foundation/parliamentary Advisory Council for Transport Safety IPAcfsi, Association of Directors of
Environment, Economy, Planning & Transport IADEPTI national traffic manager5 conference, Local
Government Technical Advisors Group ILGTAGI conference, Society of Road Safety Auditors1SoRSAI annual
conference, Passive Safety conference, Institute of Traffic Accident Investigators IITAII Crash Day,
International Road Assessment Programme liRAPI in Europe event in Brussels, and Joining the Dots held bv
Road Safety Great Britain IRSGBI. In addition, RSF had a stand at the National Road Safety Conference in
Birmingharn. The Charity has also participated in many webinars, including RSGB webinar, Street5 for
Diversity, National Highway5 Analyst Conference, National Highways Spotlight 5erie5, and IRAP knowledge
sharing webinars.
In September 2024, the Charity hosted, together with Toward5 Zero Foundation and PACTS, a fringe event on
road safety at the Labour Party Conference.
The Charity has re-invigorated a Road Authority User Group for those using IRAP as a methodology, which
meets three times a year for mutual support and best practice. RSF 31so est3bli5hed a Task and Finish group
on transport appraisal which led to the use of different methodologie5 for transport appraisal being trialled
in scheme development.
The RSF partner5 Wlth variou5 Other Charitie5 working in road safety. This year, the Charity contributed to,
and supported, the Road Safety Manifesto led by PACTS and continues to support their Safe System Forum
work. The Charity is an active member of PACTS, with our Programrne and Engineering Director chairing the
Road Environment Working Party. The Executive Director chaired a report (Progressing the UK towards Safe
System Implementationl for Chartered Institute of Highways and Transportation ICIHTI, and presented at its
launch.
The Charity contributes to the National Highways Road Safety Panel and has participated in a road safety
ministerial roundtable. The Executive Director gave a presentation to the Roads Committee of the ORR btsard.
Several of the RSF team judge multiple road safety awards through the year, and the Executive Director was
invited to present the National Highways Road Safety Awards alongside their Chief Engineer.
In 2024, RSF provided Safe Systern training in collaboration with Agilysis to Transport for West Midlands,
Transport for Greater Manchester, South Gloucester County Council, National Highways, and an open course
in Banbury.

ROAD SAFETY FOUNDATION
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
Brltlsh EuroRAP Results 2024
The British EuroRAP result5 were launched in November. The report, 'Driving Change
Investing in Safer
Roads" can be viewed here.. htt
roadsafet loundation.or
ro
ect
drivin
-chan
e-investin
-in-safer-
roads
The report describes the safety performance of each tier of road network in each of the countries of
Great Britain and highlights possible investment portfolios for British roads. An interactive data portal can be
accessed here.. htt
rsfrna
51s.co.uk
ènd the data continue to be used by road authorities across
Great Britain and in the scoping of major investment opportunities.
Unlted Klngdom IRAP Inltlatlve
De
artment for Tran5
ort and Local Roads
In 2024 RSF ha5 continued to work with the Department f()r Tran5POrt to support the Safer Roads Fund ISRFI.
Improvements to processes and tools have been made to better streamline the support offered. RSF h3S
completed extensive capacity building, notonlyfor local authorities with SRF Schemes, but also those without.
The training has involved 152 people across several courses.. Safe System and Road Safety Engineering,
Introduction to IRAP, IRAP revised and updated Route Review Tool. IRAP expert trainin& and IRAP Star Rating
for Design. Further courses were under development in 2024 for delivery in 2025. RSF also completed a
project to re-survey the original SRF 5cheme5 from 2018 to a55ess how the scheme5 have changed the level
of safety provision on these routes. In addition, a CycleRAP pilot was undertaken in Oxford.
Further IRAP 5urvey5 of local roads in 2024 have been supported by RSF, including Surveys in C3mbridge5hire,
Kent and Jersey.
En
lish Strate
ic Roads
National Highways has embraced the IRAP approach and is continuing to embed the use of IRAP in several
areas such as strategic planning, performance monitoring, prioritisation, and route treatment. The Charity
continues to support National Highways in the development of policy, tools and training materials to deepen
the use of IRAP in day-to-day activities. In 2024 the Charity has undertaken an extensive training programme
for National Highway5 tearn members in using the Route Review proce55 and tool that have been delivered in
2024, along with training for those approving schemes.
RSF supported preparations for the 2025 survey of the Strategic Road Network, by developing detailed
guidance for coding.
RSF has provided training and oversight for several supply chain partners, such as Arup, Aecom, WSP, Mott
MacDonalds and Jacobs.
Further work for National Highways being delivered in partnership with Arup, Aecom and jacobs has
continued using IRAP in the development of road safety route optimisation schemes and a guide to road safety
treatmerits. Additional work has been undertaken for WSP in assessing options for different routes using Star
Rating for De5ign5.
The Office of Rail and Road IORRI continues to meet and consult with the Road Safety Foundation regularly.
Welsh Strate
ic Roads
In 2024, RSF has continued to support Welsh Government in enhancing and using the IRAP survey results. RSF
oversaw the introdurtion of connected vehicle speed data into the IRAP 5urveyfor Wale5, Support and training
has been provided for a number of pilot route treatment projects, and RSF continues to 51JPPOrt a number of
working groups to use the data.
Research and Development
In 2024, the Charity concluded the telematics speed project funded by the Road SafetyTrust. making available
Eranulèr speed data to road safety stakeholders in West Midland5.
The Route Review Tool used by road authorities to develop and appraise the impact of potential road safetv
schemes has now been transformed to include a much greater emphasis on speed management. The speed
management functionality allows road authorities to analyse the gap between actual speeds and safelrl

ROAD SAFETY FOUNDATION
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
speeds across their network or along routes and will allow authorities to test different options to manage
speeds.
In 2024, RSF also completed a piece of work to scope out a new methodology for settin8 speed limits, started
a project to better understand survivable speeds, and started a project to establish several Safe System Fatal
Review Panels.
Older Driver5 Task Force
The Foundation continues to run the Older Driver5Ta5k Force. Following on from the launch of the 2, edition
of 'Supporting Safe Driving into Old Age.: htt
road5afet foundation.or
ro
ec
5afe-drivin
-into-old-
l in November 2021, the Foundation contin(Jes to try and identify implementation opportunities for the
recommendations that were made.
Future Plans
In 2025 the Foundation plan5 to seek to..
Continue to advocate for further road safety engineering investment based on our annual crash risk
mapping and performance tracking analyses
Provide thought leadership regarding the implementation of a Safe System in UK by developing
concepts, policy, training, and materials
Provide leadership of the United Kingdom IRAP initiative by running the road authority User group and
by communicating the collective achievements and impact of the prograrnme
Support National Highway5 in its planning for RIS 3 and RIS 4 and in embedding the use of the IRAP data
and approach in practice
Support Welsh Government in maximising the impact of their IRAP survev
Advocate for safety performance management of the Major Road Network in a similar way that this is
done for the Str3tegic Road Network. with measurement of the 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 delivering a Safe System
Undertake research and innovation activities to refine the IRAP too15 such that they sUPPOrt S3fe System
implementation in UK
Continue leadership of the Older Drivers Task Force and to scope out irnplementation opportunitie5
Support initiatives at the European and global level where the Charity's special skills can contribute
effertivelv
Structure. Governance and Management
Constltutlon
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum
of Association on 31 October 1986.
The company is constituted under a Memorandurn of Association dated 31 October 1986 and is a registered
charity number 295573.
Method of Appointment or Election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under
the terms of the Articles of Association.
The minimum number of Trustees shall be three save for circumstances where a charity las defined by sl of
the Charities Act 20111 is appointed as a trustee. in which case it may serve as a sole trustee of the Foundation.
There shall be no maximum number lunle55 Otherwise determined by Ordinary Resolution).

ROAD SAFETY FOUNDATION
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
Pollcies Adopted for the Inductlon and Trainlng of Trustees
Tru5tee5 are sought for the Board Specifically to add value to the Charity. This is both in terms of creating a
Board that is representative of the community that the Charity serves, and one that has all the skills and
experience required to properly carry out the work of the Charitv.
When a potential trustee 15 identified, they are usually invited to attend a Board meeting in the capacity of
observer. Once they and the Board of Trustees have gained a greater understanding of each other they are
nominated for election to the position of trustee and elected by unanimous decision.
As part of their induction and training, newTru5tee5 are given briefing5 on their legzl obligztions under charity
and company law, the content of the Memorandum and Articles of Association, the committee and decision-
making processes, the business plan and the recent financial performances of the Charity. Trustees are also
encouraged to attend appropriate external training events where these will facilitate an enhanced
understanding of the requirement5 of their role.
The Charity is fortunate that it is able to attract committed individuals with great relevant experience in the
field and in public life.
d. Organisational Strurture and Decision Makin8
The Charity is governed by the 8oard of Trustees. The 8oard agrees and monitors the Fonmard Plan and
approve5 all the Charity's policie5. The dayto day running of the Charity 15 delegated to the Executive overseen
by a Management Committee which includes at least one Trustee.
Board meetings are held at least three times a year primèrily to review financial reports, discuss issues of
strategic direction, and programme prioritie5.
The Road Safety Foundation holds founder shares in Evropski ingtitut za ocenjevanje cest- EuroRAP IEIRAI
which 15 a not for profit entity based in Slovenia which focu5es on promoting road Safety infrastructure in
Europe. Thi5 is largely achieved by participating in con50rtium led Horizon Europe research and innovation
projects. EIRA provides a management report to the Board of Trustees at each of its meetings to update the
trustees on progress of its projects. As the turnover threshold of EIRA and RSF has now exceeded £lm the
consolidated results of the Road Safety Foundation Group are included in the Group result.
For the purposes of company law, the Trustees shown on page l are the directors of the company. The
Trustees who served during the year were as follows..
Dr S K Hammerton
Dr S M Sharland
Miss A l Overton-wood
MrN DJ Lomas
Mr R I Sanderson lappointed 3 December 20241
Related Party Relationships
Detai15 of related party transactions are set OLJt in note 20 of the notes to the financial statements.
Rlsk Management
The key risks which RSF has identified and the steps being taken to minimise these risks are listed below:
Volatility in funding and other financial risks. This risk is being managed through actively seeking diverse
source5 of income arid not being reliant on one single Source of funding.
Retentiori of key executive Staff. This risk is being managed by having staff performance review5. the
Foundation carrying out benchmarking review5 and by having succession plans in place.
Insufficient staff to undertake project delivery. This risk is being managed by having a pool of competent
subcontractors and casual workers. We also benefit through a joint employment arrangement with IRAP.
Insufficient projects in the pipeline. This is being managed by the Executive meeting regularly with
Stakeholders and identifying ways in which we can work together. In addition. the Executive regularlv
review the project pipeline and undertake long term forecasting.
Loss of trustee5. This is being managed by regularly reviewing our pool of potential trustees to ensure
we have sufficient trustees to manage the needs of the Charity.

ROAD SAFETY FOUNDATION
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
Ensuring we have trustees with the right skills for the Charity. This is being managed by conducting a
trustees skills assessments to ensure that our trustees have relevant experience to meet the current and
future needs of the Charitv.
Poor contractual performance. This risk is being managed by having strong project controls and a quality
assurance process in place.
IT security. This 15 being managed by having data backup, fraud awarene55 training for staff, cyber
insurance and security procedures in place plus we undertake regular penetration testing.
To ensure that risks are identified. and appropriate control measure5 are put in place, the Board of Trustees
has recently reviewed the major ri5k5 to which the Foundation is exposed and their potential impact. Actions
have been taken or identified to mitigate them, and they will continue to be reviewed periodicallv.
The Tru5tee5 are responsible for the CharitV'5 SVStem5 of internal control and effectiveness. No system of
internal control can provide ab501ute assurance against material misstatement or loss. However, the Charity's
system is designed to provide the Board of Trustees with reasonable assurance that there are proper
procedures in place, and that they are operating effectively.
The key elements of the internal control System are..
Delegation.. There is a clear organisational structure with a documented Delegation of Authority IDOAI
in place which is reviewed and approved by the 8oard.
Reporting.. The Board of Trustees approve5 and review5 annual budgets and monitors actuals and
forecast expenditure on a regular basis.
Risk Mana8ement.. The potential risks arising from the Charity's artivities have been documented in a
comprehensive risk register. This is reviewed and updated regularly and reviewed by Trustees at least
once a year.
The risk management process follows three main requirements or sources of guidance.. The Charity
Governance Code, the Charity Commission's "Charity and Risk Management" ICC261 and the statement of
Recommended practice "Accounting and Reporting by Charities.
The Charity has in place an anti-corruption and bribery policy which states that it is our policy to condurt all
our activities in an open and honest manner. We take a zero-tolerance approach to bribery and corruption
and are committed to acting professionally. fairly and with integrity in all our activities We alwèys aim to
follow best practice and the provisions of the UK Bribery Act 2010 with all new staff undertaking training on
this 85 part of their induction proce55. We also ensure that our subcontractors are 8ware of the provi5i0ns
and agree to them as part of our standard contractual process. Refresher training is also provided to staff.
Another law which is significant to the Charity is the General Data Protection Regulation IGDPRI. We keep an
up-to-date list of processing activities and where appropriate will conduct a data processing impact
assessment on new activities. We also provide regular staff refresher training on the GDPR.
To protect the Charity from fraud, we have several key controls in place which are..
Segregation of duties for financial processes. This means ensuring that no one person is in control of all
aspects of a charitls finances or a transaction.
Records of all income and expenditure are kept, as well as receipts, invoices, or any supporting
dtscuments such as contracts or agreements.
No special privilege5 for a rnember of staff or Trustee. Financial contro15 must not be overridden. bv-
passed, or ignored, whether by TrLJStees, staff or volunteers.
Bank statements and other accounts are regularly reconciled by a person, with spot checks carried out
on books and records.
No cash transactions. We do not hold petty cash and all transactions are performed through secure
electronic banking with reputable banks.
There 15 a whistleblowing policy in place whereby staff can rzise any concern5 in a confidential and safe
manner.

ROAD SAFETY FOUNDATION
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
Financial and Re50urcin8 Position
Fundlng
The Charity's long-term independence has been built on raising diverse funding and by ensuring its
programme and fixed costs do not exceed its committed income or reserves. While seeking to continue to
work in close partnership with central and local government, Trustees continue to seek private sector funding
to maintain diverse income.
Resourclng
The voluntary Ljnpaid work of experienced Trustees and Council mernbers is central to guiding and
contributing to the programme. Its Trustee base continues to evolve to ensure we have skills in business
management, fundraising, research and training. Given the significant profile that the Foundation now has,
the Charity regularly reviews the skills of its Trustees to ensure that it has a diverse skills base to support and
develop its work.
The joint employment agreement which the Charity enjoys with the International Road Assessment
Programme liRAPI, together with the Charity's network of self-employed professionals, allows the
progr3mme to expand and contract efficiently in response to dernand5.
Going Concern
The financial statements have been prepared on a going concern basis. The Trustees have reviewed and
considered relevant information, including the annual budget and future cash flows in making their
assessment. Based on these assessments, the Trustees have concluded that they can continue to adopt the
going concern basis in preparing the annual report and accounts.
Flnantlal Revlew
The Road Safety Foundation holds founder shares in Evropski institut za ocenjevanje cest- EuroRAP IEIRAI
which is a not-for-profit entity based in Slovenia which focuses on promoting road safety infrastructure in
Europe. As the turnoverthreshtsld of EIRA and RSF has now exceeded £1 million, consolidated results are now
required to be presented. During the year the the Group achieved a surplus of £161,300 being a £153,989
surplus in RSF12023..£68,8221 and 3 £7,311 surplus in EIRA. The improved performance of RSF wa5 largely due
to lower project costs and careful management of overhead costs. Trade debtors for both group and charitv
at the end of the period stood at £73.748 and these have now all been received in full. At the end of December
2024, EIRA received a pre funding payment in respect of a new EC Horizon consortium project of £2,450,083.
These funds were distributed to respective con50rtium partner5 in January 2025.
Reserve5 Policy
The Charity reviews the level of reserves each year. Re5erve5 are held for three main reasons.
To protect the continuity of the Charity's work in the event of a shortfall in income.
To provide the capital needed to finance the ongoing development and work of the Charity.
To provide funds to replace assets.
The Trustees have established that the general level of reserves that the Charity need5 should be sufficient
to cover at least eleven months of its forecasted 'core" cost base at a value of £453,311. At year end, the
Charity had available reserves of £475,948.
Material Investments Policy
Under the memorandum and articles of association, the Charity has the power to invest in any way the
Tru5tee5 W15h.
The Foundation has adopted a low-risk approach to investing surplus cash by placing cash on deposit accounts
at the bank.

ROAD SAFETY FOUNDATION
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
Future Factors that may Affect Flnanclal Performance
The Foundation ha5 been fortunate to secure many long-term contracts largely from national and local
government sources. Going forward, the Foundation is actively looking to add other sources of income to
diversify its portfolio of supporters for its valuable work.
Statement of Trustees, Responsibilities
The Trustees Iwho are alsci the directors of Road Safety Foundation for the purposes of company lawl are
responsible for preparing the Tru5tee5' report and the firiancial statement5 in accordance with applicable law
and United Kingdom Accounting St3ndards (United Kingdorn Generally Accepted AccoLJnting Practice).
Company law requires the Trustees to prepare financial statements for each financial year that give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the net income or expenditure, of the charitable company for the year. In preparing
those financial statements the Tru5tee5 are required to..
select suitable accounting policies and then apply them con51Stentlv.
observe the methods and principles in the Charities SORP,.
makejudgments and estimates that are reasonable and prudent,.
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 proper accounting records which disclose with reasonable accuracy
at any tirne the financial position of the charitable company arid to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps forthe prevention and detection of fraud and other
In 50 far a5 the Trustees are aware..
there is no relevant audit information of which the charitable company's auditors are unaware- and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information.
This report was approved by the Board of Trustee5 on 24 June 2025 and signed on
its behalf bv..
kHA*xh¥e*to
Dr S K Hammerton
Trusteè

ROAD SAFETY FOUNDATION
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF ROAD SAFEfY FOUNDATION
YEAR ENDED 31 DECEMBER 2024
Oplnlon
We have audited the financial statements of Road Safety Foundation (the 'parent charitable company'l and its
subsidiaries Ithe 'group'l for the year ended 31 December 2024 which comprise the Consolidated statement of
financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash
flows and the related notes, including a summary of significant atctsunting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 'The Financi31 Reporting Standard applicable in the UK and Republic of
Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statement5'.
give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31
December 2024 and of its incoming resources and application of resources, including its income and
expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law.
Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the
financial statements section of our report. We are independent of the Group in accordance with the ethical
requirements that are relevant to our audit of the financial statement5 in the UK. including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relatin8 to going concern
In auditing the financial st3tements, we have concluded that the Trustees, use of the going concern b3sis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified èny material uncertainties relating to events or
conditions that, individually or collectively, may cast Significant doubt on the Group's or the parent charitable
company's ability to continue as a going concern for a period of at least twelve months from when the financial
statements are authorized for issue.
Our responsibilitie5 and the responsibilitie5 of the Trustees with respect to going concern are described in the
relevant sections of thi5 report.
Other information
The other information comprises the information included in the Annual report other than the financial statements
and our Auditor's report thereon. The Trustee5 are responsible forthe other information contained within the Annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears
to be materially mi5Stated. If we identify such material incon515tencie5 or apparent material mi5Statements, we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.
io

ROAD SAFETY FOUNDATION
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF ROAD SAFEfY FOUNDATION Icontinuedl
YEAR ENDED 31 DECEMBER 2024
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material mi55tatements in the tru5tee5' annual report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report
to you if. in our opinion..
adequate accounting records have not been kept by the Group and charitable company, or returns
adequate for our audit have not been received frorn branches not VlSlted by us,. or
the Group's and charitable company's financial statements are not in agreement with the accounting
records and returns,. or
certain disclosures of trustees. remuneration specified by law are not made.. or
we have not received all the information ènd explanation5 we require for our audit.
the trustee5 were not entitled to prepare the financial statements in accordance with the Small companies,
regime and take advantage of the Small companie5, exemptions in preparing the Trustee5' Annual Report
and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Statement of Trustees Responsibilities, the Trustees (who are also the dirertors of the
charitable company for the purpose of company lawl are responsible for the preparation of the financial statements
which give a true and fair view, and for such internal control as the tru5tee5 determine 15 nece55ary to enable the
preparation of financial statements that are free from material misstatement, whether dLJe to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable. matters related t() going concern and using the going eoncern
basi5 of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no
realistic alternative but to do 50.
Audltorfs responslbllltles for the audlt of the financ5al statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to Issue an Auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
15As IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered rn3terial if, iridividually or in the aggregate, they could reasonably be expected to influence the
economic deci5ion5 of user5 taken on the basis of these financi81 st8tements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above. to detect rnaterial mi55tatement5 in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
Our assessment focused on key laws and regulations the charitable company has to comply with and areas of the
financial Statements we a55essed as being more 5U5ceptible to mi55tatement. These key laws and regulation5
included but were not limited to compliance with the Companies Act 2006, Charities Art 2011, taxation legislation,
data protection and employment legislation.
li

ROAD SAFETY FOUNDATION
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF ROAD SAFEfY FOUNDATION Icontinuedl
YEAR ENDED 31 DECEMBER 2024
We are not responsible for preventing irregularities. Our approach to detecting irregularities included, but was not
limited to, the following..
obtaining an understanding of the legal and regulatory framework applicable to the Group and charitable
comp8ny and how the Group and charitable company is complying with that framework, including
agreement of financial statement disclosures to underlying documentation and other evidence,.
obtaining an understanding of the Group and charitable compantys control environment and how the Group
and charitable company has applied relevant control procedures. through discussions with management and
by performing walkthrough testing over key area5',
obtaining an understandirig of the Group and charitable company's risk assessment process, including the
risk of fraud-
reviewing Meeting minutes of those charged with governance throughout the year,. and
performing audit testing to address the risk of management override of controls. including testing journal
entries and other adjustments for appropriateness, evaluating the business rationale of significant
transaction5 Outside the normal course of bu5ine55. and reviewing accounting estimates for bia5.
Whilst considering how our audit work addressed the detertion of irregularities. we also considered the likelihood
of detection based on our approach. Irregularities arising from fraud are inherently more difficult to detect than
those arising from error.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material mi55tatement in the financial 5tatement5 or non-compliance with regulation. This risk increa5e5
the more that compliance with a law or regulation 15 removed from the events and transactions reflected in the
financial statements, as we will be les5 likelyto become aware of instances of non-cornpliance. The risk is a150 greater
regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery,
collusion, omission, or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description forms part of our Auditor's
report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the eharitable company's
members those matter5 we are required to state to thern in an auditor's report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions
we have formed.
Glen Bott Isenior Statutory Auditor) •
for and on behalf of..
Cooper Parry Group Limited
Statutory Auditor
Cubo Birmingham
Office 401, 4th Floor
Two Chamberlain Square
Birmingharn
B3 3AX
Date.. 26 Jun8 2025
12

ROAD SAFETY FOUNDATION
IA company limited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE
ACCOUNn
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Restricted
fund5
2024
Total
funds
2024
Total
funds
2023
Note
Income from-
Charitable activities
Investments
982,194
12.731
24,480
1,006,674
12.731
820,198
7,549
Total Income
994,925
24.480
1.019.405
827,747
Expenditure on:
Charitable activities
833,681
24,424
858.105
758,925
Total expendlture
833,681
24,424
858,105
758,925
Net income/lexpenditurel
161,244
56
161.300
68.822
Transfers between funds
Transfer of subsidiary on
consolidation
Foreign exchange reserve
56
1561
9,521
11871
9.521
11871
Net movement in funds
170,634
170.634
68.822
Re¢on¢lllatlon of funds:
Total funds brought forward
Net movement in funds
16
16
321,960
170,634
321,960
170.634
253,138
68.822
Total funds carried fonNard
16
492,594
492.594
321,960
The Consolidated statement of financial activities includes all gains and losses recognised in the year.
The note5 on poge5 17 to 30form purt of thesefinonciolstotements
13

ROAD SAFETY FOUNDATION
IA company limited by guaranteel
REGISTERED NUMBER: 02069723
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2024
Total
2024
Total
2023
Note
Flxed assets
Tangible assets
Investments
li
12
512
1,823
260
2,083
512
Current assets
Debtors
Cash at bank and in hand
13
79,244
3,547,174
71,501
998,817
3.626.418
1,070,318
Current liabilities
Creditors
14
13,134,336)
1750.4411
Net ¢urrent assets
492.082
319,877
Total net assets
492,594
321,960
Charlty funds
Unrestricted funds
Restricted funds
Foreign exchange reserve
16
16
16
492,781
321,960
1187)
Total funds
492.594
321,960
The Trustees acknowledge their responsibilities for complyinÉ with the requirements of the Act
with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to
entities subject to the small companies regime.
The financial statements were approved by the Board of Trustees on 24 June 2025 and were
signed on its behalf by..
kHAknhLetto
Dr S K Hammerton
Trustee
Date: 24 June 2025
The notes on pages 17 to 30form part of thesefinanciul statements
14

ROAD SAFETY FOUNDATION
IA company limited by guarantee)
REGISTERED NUMBER.. 02069723
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2024
Total
2024
Totsl
2023
Note
Flxed assets
Tangible assets
Investments
li
12
263
260
523
1,823
260
2,083
Current assets
Debtors
Cash at bank and in hand
13
77,844
984,631
71,501
998,817
1.062.475
1,070,318
Current liabilities
Creditors
14
1587,040}
1750,4411
Net ¢urrent assets
475.435
319,877
Total net assets
475,958
321,960
Charlty funds
Unrestricted funds
Restricted funds
16
16
475,958
321,960
Total funds
475.958
321.960
The Trustees acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to
entities subject to the small companies regime.
The financial statements were approved by the Board of Trustees on 24 lune 2025 and were
signed on its behalf by..
kHAS•ih¥erto
Dr S K Hammerton
Trustee
Date: 24 June 2025
The notes on Pages 17 to 30form purt of thesefinancial statements
15

ROAD SAFETY FOUNDATION
IA company limited by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
Cash flow from operating artivitie5
Cagh generated from operations
18
2.551.391
123,725
Net cash Benerated by operating artivitie5
2.551.391
123,725
Cash flows from investing activities
Purchase of fixed asset investments
Purchase of tangible fixed assets
Interest received
12601
19971
12.731
7,549
Net cash used in investing activities
11,734
7,289
Change In cash and cash equlvalents In the year
2,563,125
131,014
Cash and cash equivalents at the beginning of the year
19
984.049
853,035
Cash and cash equivalents at the end of the year
19
3,547,174
984,049
The notes on poges 17 to 30form port of thesefNftoncNol stotements
16

ROAD SAFETY FOUNDATION
IA company limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
l Accounting poll¢les
1.1 Basis of preparation of financial statements and consolidation
The financi31 statements consolidate the activities of Road Safety Foundation and of its subsidiary
undertaking, Evrop5ki institute 2a ocenjevanje cest- ELJroRAP IEIRAI I'the subsidiary'l.
The financial statements have been prepared under the historic cost convention, unless otherwise stated in
the relevant accounting policy, and in accordance with the the Financial Reporting Standard Applicable in
the UK and Republic of Ireland IFRS 1021, the Accounting and Reporting by Charitie5.' 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 IFRS 1021 Ipublished in October 2019 and
effective from l January 20191, the Charities Act 2011 and the Companies Act 2006.
Road Safety Foundation meet5 the definition of a public benefit entity under FRS 102.
The Consolidated Statement of Financial Activities ISOFAI and Consolidated Balance Sheet consolidate the
financial statements of the Company and it5 subsidiary. The results of the subsidiary are con501idated on
line by line basis.
The Company ha5 taken advantage of the exemption allowed under section 408 of the Companies Act 2006
and ha5 riot presented it5 own Statement of Financial Activities in these financial statements.
The income and expenditure account for the year dealt with in the financial statements of the parent
charitable company was a surplus of £153,98912023: surplus of £68.8221.
1.2 Going concem
The trustees have a reasonable expectation that the charity has adequate resources to continue in
operational existence for the for5eeable future. For this reason they continue to adopt the going concern
basis in preparing the financial statement5.
The financial statements have been prepared on a going concern basis. The trustees have reviewed and
considered relevant information, including the annual budget and future cash flows in making their
assessment. Based on these assessments, the trustees have concluded that they can continue to adopt the
going concern basis in preparing the annual report and accounts.
1.3 Income
All income is recognised once the charity h85 entitlement to the income, it is probable that the income will
be received and the amount of income receivable can be measured reliably.
Project income is recognised on the stage of completion of the project, which is calculated based on the
estimated margin at completion of the project.
Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance
of income received for specific purposes but not expended during the period is shown in the relevant funds
on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is
deferred and included in creditors as deferred income. Where entitlement occurs before income is
received, the income is accrued.
Donated professional service5 and facilities are recognised on the basi5 of the value of the gift to the
company which is the amount it would have been willing to pay to obtain services or facilities of equivalent
economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the
period of receipt.
Other income is recognised in the period in which it is receivable and to the extent the goods have been
provided or on completion of the service.
17

ROAD SAFETY FOUNDATION
IA company limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
l Accounting policies Icontinuedl
1.4 Expenditure
ExpenditLJre is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement and the
amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support Costs involved in undertaking each activity.
Direct cost5 attributable to a single activity are allocated directly to that activity.
Shared costs which contribute to more than one activity and SLJPPOrt costs which are not attributable to a
single activity are apportioned between those activities on a basis consistent with the Ljse of resources.
Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the
portion of the asset's use.
Expenditure on charitable activities 15 incurred on directly undertaking the activities which further the
Group's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is
conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants
offered subject to conditions which have not been met at the year end are noted as a commitment, but not
accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.5 Taxation and deferred taxation
Road Safety FoLJndation is a registered charity and as such is exempt from income tax and corporation tax
under the provisions of Section 478 of the Corporation Tax Act 2010. There is no similar exemption for
VAT, which is included in expenditure or in the cost of assets as appropriate.
1.6 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably bv
the charity,. this is normally upon notification of the interest paid or payable by the Bank.
18

ROAD SAFETY FOUNDATION
IA company limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
l Accounting policies Icontinuedl
1.7 Tangible fixed assets and depreciation
Tangible fixed assets are ¢apitalised and recognised when future economic benefits are probable and the
cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed
assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All
costs incurred to bring a tangible fixed asset into its intended working condition should be included in the
measurement of cost.
Depreciation is charged $0 as to allocate the cost of tangible fixed assets less their residual value over their
estimated useful lives, using the straight-line method.
The estimated useful lives are as follows..
Office equipment
Computer equipment
3 years
2 years
Fixed assets are reviewed for impairment where there are indications their service potential may be
reduced. For example, an asset related to a specific activity will be reviewed for impairment when there
are indications the activity may cease or be reduced.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.9 Cash at bank and in hand
Cash at bank and in hand intludes cash and short-term highly liquid investments with a short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.
1.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it
is probable that a transfer of economic benefit will be required in settlement, and the amount of the
settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the
effect of the time value of money is material, the provision is based on the present value of those amounts,
discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the
discount is recognised in the Consolidated statement of financial activities a5 a finance cost.
19

ROAD SAFETY FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
l Accounting policies Icontinuedl
1.11 Financial instruments
The Charity's activities expose it to the financial risk of changes in foreign exchange rates and they
therefore enter into forward contracts to hedge against volatile exchange rate movements.
Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are
subsequently remeasured at their fair value. The method of recognising any resulting gain or loss depends
on if the derivative is designated as a hedging instrument and, if so, the nature of the item being hedged.
Changes in the fair value of any derivative instruments that do not qualify for hedge accounting are
recognised immediately in the income statement.
1.12 Forelgn Currencles
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at
the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the statement of
financial activities.
1.13 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity to the fund in respect of the year.
1.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Designated fund5 comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors
or which have been raised by the Group for particular purposes. The costs of raising and administering
such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note
15 of the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
2 Critical accounting estimates and area5 of judgement
Estimates and judgments are continually evaluated and are based on historical experience and other
factor5, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The Company makes estimates and assumptions concerning the future. The resulting accounting estimate5
and assumptions will, by definition, seldom equal the related actual results.
Critical areas of judgment:
The assessment of the useful economic lives and the method of depreciating fixed asset requires
judgement. Depreciation is charged to the Statement of Financial Activities based on the useful economic
life selected, which requires an estimation of the period and profile over which the Company expects to
consume the future economic benefits embodied in the asset5.
20

ROAD SAFETY FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS ICONTINVEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
3 Investment Income
Unrestricted
funds
Restricted
funds
Total
2024
Totsl
2023
Deposit account interest
12,731
12,731
7,549
12,731
12,731
7,549
The income from donations and legacies was all unrestricted.
4 Income from charitable activities
Unrestricted
funds
Restricted
funds
Total
2024
Totsl
2023
Grants
Project delivery income
248,917
733,277
24,480
273,397
733,277
90,747
729,451
982,194
24,480
1,006,674
820,198
Grants received. included in the above, are as follows..
2024
2023
European Commission
Road Safety Trust
EIB Road Safety Partnership
EuroRAP Support Grant
RST Telematics
IRAP Support Grant
Dft Challenge Fund
120,309
12.742
8,776
4,279
57.135
4,000
3,815
8,563
24,480
76,115
43,930
273,397
90,747
21

ROADSAFETY FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
5 Analysis of expenditure on charltable activltles
Summary byfund type
Unrestrlcted
fund5
2024
Restrlcted
fund5
2024
Total
2024
Total
2023
Charitable activities
Governance costs
828,341
5.340
24,424
852,765
5.340
753,728
5,197
833,681
24,424
858,105
758,925
Total 2023
758,925
758,925
758,925
6 Analysis of expenditure by activities
Actlvltles
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charitable activities
Governance costs
852,765
852,765
5,340
753,728
5,197
5,340
852,765
5,340
858,105
758,925
Total 2023
753,728
5,197
758,925
Analysis of direct costs
Charitable activities
Unrestricted
Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Wages
Research projerts
IRAP Finance and HR Recharge
Membership fees
Exchange differences
Sundries
Bank charges
Printing
Computer costs
Communications
Subscriptions
Legal and professional costs
Office costs
Computer equipment
473,229
242.539
38.372
16,682
7.351
489,911
249.890
38.372
316,605
343,427
37.648
5,400
754
123
269
790
358
3,750
604
5.002
37,370
1,628
753,728
4.718
48
984
1.250
1.279
2,417
631
24.795
35,752
2.327
828,341
4.718
48
984
1.250
1.279
2,808
631
24.795
35,752
2.327
852,765
391
24,424
22

ROADSAFETY FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
6 Analysis of expenditure by actlvltles {¢ontlnuedl
Analysis of support costs
Charitable
activities
2024
Governance
costs
2024
Total
Total
2024
2023
Governance
5,340
5,340
5,197
5,340
5,340
5,197
7 Net income/lexpenditurel
Total
2024
Total
2023
Net incomellexpenditurel is stated after charging/lcreditingl:
Auditors remuneration
Depreciation owned assets
Net Igainsl / losses on foreign exchange
5,340
2.308
4.718
5,197
1,628
754
23

ROAD SAFETY FOUNDATION
IA company limited by guarantee)
NOTESTO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
8 Staff costs
Group
2024
Group
2023
Company
2024
Company
2023
Gross wages
National insurance costs
Pension costs
Other employee benefits
404,342
46,833
26,918
11.818
255,622
25,411
25.719
9,853
281.127
27,747
26.918
11.818
255,622
25,411
25,719
9,853
489,911
316,605
347.610
316,605
The average monthly number of employee5 and trustees during the year wa5 as follows..
Group
2024
Compony
2023
Trustee5
Employee5
12
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
Group
2024
Company
2023
£60,001- £70,000
£70.001- £80,000
£80,001- £90,000
£90,001- £100,000
Key management remuneratlon
The key management personnel of the charity comprise the trustees and the senior management
team. The total amount of employee benefits lincluding employer pension contributions) received
by key management personnel for their services to the charity was £102,76612023.. £98,677).
9 Trustees, and Key Management remuneration and expenses
The trustees neither received nor waived any remuneration or any other benefits from employment
during the year12023.. £Nill.
Trustee5 expenses of £728 have been incurred during the period12023'. £1221.
24

ROAD SAFETY FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENT5 ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Tanglble Fixed Assets
Group
Computer
Equipment
COST
At I january 2024
Additions
Disposals
7,764
997
At 310ecember 2024
8,761
DEPRECIATION
At I january 2024
Charge for the year
Elimination on disposal
5,941
2,308
At 310ecember 2024
8,249
BOOKVALUE
At 31 December 2024
512
At 31 December 2023
1,823
Companv
Computer
Equipment
COST
At I january 2024
Additions
Disposals
7.764
At 31 December 2024
7,764
OEPRECIATION
At I january 2024
Charge for the year
Elimination on disposal
5,941
1,560
At 31 December 2024
7,501
BOOKVALUE
At 31 December 2024
263
At 31 December 2023
1,823
25

ROADSAFETY FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS ICONMNUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Flxed Assets Investments
Investments
in subsidiary
companies
Company
COST
At I january 2024
Additions
Disposals
260
At 31 December 2024
260
BOOKVALUE
At 31 December 2024
260
At 31 December 2023
260
Principal subsidiaries
The following wa5 a subsidiary undertaking of the Company..
Name
Company
Number
Registered office
Holding Included In
Consolidation
Evropski institute za ocenjevanje 6957986000 Dunajska cesta 128, Ljubljana,
cest- EuroRAP IEIRAI
Solvenia
loo%
Yes
The financial results of the subsidiary for the year were..
Name
In¢ome
Expendlture Profitlllossl I
Surplusl{deflcltl for the
year
Net assets
Evropski institute za ocenjevanje
cest- EuroRAP IEIRAI
192,408
1185,0981
7,311
16,895
26

ROAD SAFETY FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Debtors
Group
2024
Group
2023
Company
2024
Company
2023
Trade debtors
Other debtors
Prepayments and accrued income
73.749
620
39,097
2,436
29,968
73,749
620
39,097
2,436
29.968
4.875
3.475
79.244
71,501
77.844
71.501
13 Creditors
Group
2024
Group
2023
Company
2024
Company
2023
Trade creditor5
Accruals and deferred income
Social secLJrity and other taxes
Bank Loans and cash in transit (see
note 141
VAT
Other Creditors
5.045
608.162
8,683
1,367
659,911
8.574
2.194
516.137
8,683
1,367
659,911
8,574
14,768
22,296
43,525
14.768
22,296
43,525
14.318
2.498.128
14.318
45.708
3,134,336
750,441
587,040
750,441
Group
2024
Group
2023
Company
2024
Company
2023
Deferred income at I january 2024
604,323
Resources deferred during the year
569,930
Amounts released from previous period,. 1604.323)
440,564
604,323
1440,5641
604,323
487,919
1604.3231
440,564
604,323
1440.5641
569.930
604,323
487.919
604,323
14 Loans
An analysis of the maturity of loans is given below..
2024
2023
Amounts falling due within one year on demand=
Cash in transit
14,768
27

ROADSAFETY FOUNDATION
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEOI
FOR THE YEAR ENDED 31 DECEMBER 2024
IS Statement of funds
Net movement
in funds
Transfers
between funds
At
31112124
At 111124
Unrestricted funds
General Fund
Foreign exchange reserve
321,960
170,765
11871
56
492,781
11871
Restrlcted funds
Restricted Fund
56
1561
TOTAL FUNDS
321,960
170,634
492,594
Net movement in funds are as follows..
Income
Expenditure
Movement
Unrestricted funds
General Fund
EIRA
Foreign exchange reserve
994,925
9.521
1833,6811
161,244
9,521
11871
11871
TOTAL UNRESTRICTED FUNDS
1,004,446
1833,868}
170,578
Restrlcted funds
Restricted Fund
24,480
124,4241
56
TOTAL RESTRicfED FUNDS
24,480
124.4241
1858,2921
56
TOTAL FUNDS
1.028,926
170,634
Comparatlves for movement In funds
Net movement
in funds
Transfers
between funds
At
31112123
At 111123
Unrestricted funds
General Fund
253.138
78,276
19.4541
321,960
Restricted funds
Restricted Fund
19,4541
68,822
9,454
TOTAL FUNDS
253,138
321,960
Net movement in funds are as follows..
Income
Expenditure
Movement
Unrestricted funds
General Fund
757,870
1679,5941
78,276
Restricted funds
Restricted Fund
69,877
179.3311
19.4541
TOTAL FUNDS
827,747
1758,9251
68,822
28

ROAD SAFETY FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Analysls of net assets
Analysis of net assets between funds- current perlod
Unrestricted
funds
Restricted
funds
Total
funds
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
512
512
3,626,418
13,134,336)
3,626.418
13,134,336)
Total
492,594
492,594
Analysis of net assets between funds- prior period
Unrestrlcted
funds
Restrlcted
funds
Total
funds
Tangible fixed a55ets
Fixed asset investments
Current assets
Creditors due within one year
1,823
260
1.055.550
1735,6731
1,823
260
1,070,318
1750.4411
14,768
114,7681
Total
321,960
321,960
17 Reconciliation of net income to net cash flow from operating activites
2024
2023
Net incomellexpenditurel for the reporting period las per the
Statement of Financial Activities)
Adjustments for..
Depreciation charges
Interest received
Decrease/lincreasel in debtors
Increaselldecreasel in creditors
Elimination of investment in subsidiary on consolidation
170,634
68,822
2,308
112,7311
17,7431
2,398,663
260
1,628
17,5491
6.888
53,936
Net cash provided by operations
2,551,391
123,725
18 Analysis of cash and cash equivalents
2024
2023
Cash at bank
Cash in transit
3,547,174
998,817
114,7681
Total cash and cash eqLJivalents
3,547,174
984,049
29

ROAD SAFETY FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Analysis of changes in net funds
At 111124
Cash flow At 31112124
Net cash
Cash at bank
Cash in transit
998,817
14,768
2,548,357
14,768
3,547,174
Total
984,049
2,563,125
3,547,174
20 Related party transactions
The FoLJndation is related to the International Road Assessment Programme liRAPI, Road Assessment
Services Limited IRASLI, EuroRAP AISBL IEuroRAPI (dissolved on the 7 November 20231 and Evrop5ki
institut za ocenjevanje cest
EuroRAP IEIRAI through common key management and has a joint
employment agreement in place with these organisations.
At the point, EuroRAP was dissolved, the founder shares of EIRA were transferred to the Road Safety
Foundation. EIRA is a wholly owned subsidiary of Road Safety Foundation and is considered to be a related
party. The available exemption for transaction5 Wlth wholly owned subsidiaries under Section 20 FRS 102
has been taken.
During the year. the Group shared staffing costs of £86.349 12023.. £93,536). made other payments of
£104.17712023.- £79,4871 and received grants of £72,10112023.. £Nill with IRAP. It also made payments
of £Nil to EuroRAP12023.. £5,279) and payments to Road Assessment Services of £Nil12023.. £2,905). The
Foundation received payments from EuroRAP of £Nil12023.. £16,2561- At 31 December 2024, included in
the other creditors 15 £48,04512023'. £43,525) due to IRAP.
Dr Susan Sharland is a trustee of both the Foundation and the International Road Assessment Programme
liRAPI. She is also 3 director of Road Assessment Services Limited.
Mrs Shona Holroyd is a Director of both EIRA and RASL in addition to being the Chief Financial Officer and
Company Secretary of the Foundation.
21 Ultimate controlling party
The company is under the control of the Trustees.
30