ANNUAL REPORT & ACCOUNTS 2019–20
1 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
WELCOME FROM THE CHAIR WELCOME FROM THE CHIEF EXECUTIVE I AM PLEASED TO INTRODUCE THE ANNUAL ACCOUNTS AND TRUSTEES REPORT 2019-20 IT IS A PRIVILEGE TO JOIN LIVING This report provides an annual overview A special thanks to Alan David Hyman for of our work and the public benefit we his generous gift to the charity this year. STREETS AT SUCH AN IMPORTANT have promoted as a charity. This year we bade farewell to retiring CEO MOMENT FOR WALKING Mary Creagh This year has marked a profound change in Joe Irvin, who increased the charity’s reach Chief Executive Officer, the way we live. The coronavirus pandemic and income sources, and welcomed our There is broad agreement on the need for Living Streets has taken lives and destroyed livelihoods. It new CEO, Mary Creagh, who has a wealth people to walk more, for health and to tackle highlighted the inequalities already present of experience campaigning on transport, the climate emergency. This is reflected in the in our society and it made them worse. Can public health and environmental issues. Government’s pledge of £2 billion for walking We changed our project work away from we build back better? There are grounds for I am grateful to Jenni Wiggle who stepped and cycling and a host of new policies to in-person support because of COVID hope. During repeated lockdowns, people up as interim CEO, and guided the charity support carbon emissions reduction ahead of restrictions. We provided online resources to from all walks of life have experienced the through the transition from office to home the 2021 UN Climate Change Conference families, to supplement our walk to school benefits walking brings – finding nature, a working with great skill. There were more in Glasgow. work with hundreds of thousands of children better sense of wellbeing and a new-found changes, with Terence Bendixson retiring across the country. Our charitable trading The pandemic affected the whole Living love of physical activity. as our President, having made vigorous arm, Living Streets Services, swiftly adapted Streets community - our staff, trustees, contributions to the cause of walking over to the changing environment and ensured all The Government heeded our call to provide volunteers, members, and beneficiaries. many years. In his place, we are delighted schools, early years settings and workplaces emergency funding for pop-up pavements But I have been struck by the way in which to welcome Lord Michael Bates as Living were supported. for safe social distancing. Thousands of our it has renewed our resolve and passion Streets’ new President. supporters called on their local authorities for our purpose, to inspire people to walk Additional investment from the Department to create more space for walking. A record I am warmed by the strength, spirit and more. I have also been struck by the for Transport in September to work with number of our supporters called on the support that my fellow trustees and our things that make us special – our excellent, an additional 250 schools, shows the government to put walking first in the dedicated staff team have shown in this high quality services and projects; our Government’s support for our mission. This, Highway Code Review and 16 new local tumultuous time. Living Streets’ bold new positive confident, enthusiastic, ‘can-do’ alongside the Active Travel Funding to local Living Streets groups were formed – the five-year strategy has three key outcomes; staff team; our inspirational campaigns and authorities, reveals a growing understanding highest ever number in a year. choose walking, better streets for walking fundraising efforts; and our collaborative, of how walking tackles the country’s twin epidemics of obesity and loneliness and Our activities address the profound and accessible walking for all walks of life. pragmatic approach which focuses on helps reach our Net Zero goals. challenges that society faces, from climate Our 90-year mission to inspire people to tackling inequalities. walk more is needed now, more than ever. change and air pollution, to physical and The year has seen campaign successes and We are embarking on a new five-year mental health crises. Special thanks go generated wider support from Local Group strategy, Walk with Us. It’s bold, ambitious, to our members, volunteers, local groups volunteers and members. We have taken and has walking at its heart. This report and supporters who work alongside our stock of our programmes and projects with describes the impact that we have made staff across the UK and are vital to an in-depth look at our award-winning WOW over the year, the reach we have into our mission. We are grateful to the UK walk to school challenge, which we will adapt communities across the UK and how we Department for Transport, the Scottish Dame Jane Roberts to the changing world – both in terms of its mobilise and influence to achieve a better and Welsh governments, and the local Chair of the Board of sustainability, relevance and digital delivery. walking environment and inspire people to authorities, charitable trusts, foundations Trustees, Living Streets walk more. and corporate partners who make our achievements possible.
2 3 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
CONTENTS
Our Impact 2020...... 5 Who We Are...... 6 Covid 19 Impact...... 7 Covid 19 Response...... 8 Influence...... 9 Impact...... 13 Income...... 19 Looking Ahead...... 22 Financial Review...... 24 Reserves Policy...... 27 Investment Policy and Performance...... 28 Governance...... 29 Remuneration Policy...... 30 Risk Management...... 31 Reference and Administrative Details...... 34 Independent Auditor’s Report...... 37 Consolidated Statement of Financial Activities...... 40 Balance Sheets...... 41 Consolidated Statement of Cashflows...... 42 Notes to the Financial Statements...... 43
4 5 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
WHO WE ARE COVID 19 IMPACT WE ARE LIVING STREETS, STEPPING FORWARD THE UK CHARITY FOR STRATEGY 2017–2020 LIVING STREETS HAS ACTED QUICKLY EVERYDAY WALKING 2019-20 MARKED THE FINAL YEAR OF OUR AND RESPONSIBLY AS THERE HAS STEPPING FORWARD STRATEGY WHICH HAD BEEN CONSIDERABLE WORKPLACE AND FOUR STRATEGIC OBJECTIVES: OUR VISION FINANCIAL IMPACT TO THE BUSINESS 1 Strengthen the voice for walking A nation where walking is the natural OF CORONAVIRUS (COVID19) choice for local, everyday journeys. 2 Deliver projects with lasting impact The pandemic affected the whole Living and work life and acknowledge the resilience 3 Gain financial support from a Streets community – our offices closed in and agility that everyone has shown in OUR MISSION wider range of sources March and all staff were moved to temporary adapting to this new way of working in such Achieve a better walking environment home-working; the lockdown restrictions on a challenging time. 4 Be a strong, fair and and inspire people to walk more. personal contact curtailed our activity with well-equipped organisation As a result of the outbreak, we cancelled beneficiaries, with some staff furloughed commercial events, including distribution as a result; and our volunteers and local of summer walk to school resources, our groups were no longer able to meet face- Happy Shoesday fundraising event and to-face. Fortunately, due to the advance of commercial elements of National Walking technology most of our customer service, Month. This has reduced our overall planned financial governance and administrative revenue for the year, but through tight cost operations have been carried out remotely. control and early development of mitigation The health and safety of our staff, volunteers plans including through our participation in and Local Groups remains paramount and the Government Coronavirus Job Retention we are focussed not only on business as scheme (CJRS), we were able to reduce the usual but on keeping staff morale high financial impact to a sustainable level in order with minimal face-to-face interaction. We to deliver the targeted year end surplus. recognise the challenge of juggling home
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COVID 19 RESPONSE 1 INFLUENCE UNDER STRATEGIC OBJECTIVE ONE, THE NEED FOR SOCIAL DISTANCING STRENGTHEN THE VOICE FOR WALKING, HIGHLIGHTED THE INADEQUACY OF OUR STREETS WE WANTED TO SEE:
n Public policies (UK, local n Our key audiences n A growing and engaged We were one of the first charities to call for When schools returned in September, we authority and devolved more aware of the Community for Change - more space for walking. We emphasised the worked with the Department for Transport nations) reflect the benefits of walking. people, local groups and importance of walking as the most accessible to develop shareables to promote walking benefits of walking and organisations who share and environmentally friendly form of exercise. to school on social media and hosted walks encourage it. our cause. Campaigners across the country were to school with a number of MPs, including inspired by our call – we created 16 new Transport Minister Chris Heaton-Harris MP. local groups, the largest ever increase in a We developed a video for WOW walk to year, and nearly 2,000 people called on their school launch assemblies to replace in- councils to reallocate space. In response, person assemblies. PUBLIC POLICIES REFLECT THE BENEFITS OF WALKING the Government committed £250m to an We used online channels and remote support Emergency Active Travel Fund to prioritise to engage with other project audiences and n An unexpected December General n We contributed to Public Health walking and cycling. beneficiaries, including workplaces and early Election saw us mobilise 1,337 of Scotland’s Social and Systems Recovery Lockdown prevented us delivering many years settings, and have remained in contact our campaigners to email their local Group on People and Places in its of our project and commercial activities with local authority partners and clients candidates, earning 464 pledges from response to the COVID 19 pandemic. as face-to-face activities were halted. We throughout the pandemic. candidates to consider walking. n The Scotland team’s work on Footway developed family resources to encourage As restrictions loosened, the London office n The Highway Code consultation (which Parking made the finals of the Scottish families to walk safely at home and a series was made COVID-secure and re-opened we had lobbied for) was launched. Under Council for Voluntary Organisations of #WalkingFromHome blogs. in July. The Department for Transport the subtitle of “Make Walking Number 1” (SCVO) crack campaign award. Our has pledged record levels of investment we created a short video and two-step work with older adults was shortlisted in in walking and cycling to embed the campaign action that has yielded 5,000 the Transport Times Scottish Transport infrastructure and behaviour change seen actions, our best-ever online response. Awards. during the pandemic. n We launched our Wales manifesto, n We’ve mobilised almost 5,000 people which saw four parties commit to policies to respond to the England Pavement for active travel and clean air Parking consultation. in the next Welsh Government. n We have contributed to Welsh Government policy consultations on topics including decarbonisation of transport, A-boards, clean air, lower speed limits and the forthcoming Wales Transport Strategy.
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THE WALKING AND CYCLING ALLIANCE (WACA), WHICH WE HELPED TO FOUND, HAS FOCUSED ON GOVERNMENT SPENDING ON WALKING AND CYCLING, MAKING THE CASE FOR A STEP CHANGE IN INVESTMENT
It has produced myth busting resources to build the positive case for Low Traffic Neighbourhoods.
RAISING THE PROFILE AMONG KEY AUDIENCES
n The PR team achieved 2,503 pieces n This year’s National Walking Month of media coverage this year. campaign focused on social media n Our social media channels have risen channels and digital media (blogs, in followers and engagement (seeing video). We coined the hashtag increases between 16 – 65%). #walkingfromhome which proved popular as people experienced the benefits of n We were the first active travel charity to walking during the pandemic. Our most go live with an action calling on local popular video, of a doctor on his way to authorities to reallocate space for work, discussing the benefits of walking walking under COVID-19 constraints. and cycling, had 12,000 views. Nearly 2,000 people responded with n our online form. Walk to School Week ran in October 2020, instead of May. Against a tough n Our work on the Wales Active Travel media backdrop, we secured national Board, the 3rd Sector Network for pieces in the Independent and many n 34,700 people receive our e-news. Economy and Transport, cross party regional media outlets. We walked to BUILDING A COMMUNITY groups for Active Travel and Clean Air school with families in Hackney and FOR CHANGE n An extra 7,700 supporters recruited and a range of partnerships such as the Transport Minister, Chris Heaton- this year. Healthy Air Cymru, Transform Cymru Harris – who was delighted with the n 77% more members, to 2,367 members. and Walking and Cycling Alliance, has School Street and the number of children Our supporters, members and Local n 19% more donors, to 569 donors. championed the voice of pedestrians. walking. Our social media activity saw us Groups help us achieve change – gain hundreds of new followers across whether through supporting online n £22,200 from individual donations platforms and engagement increased actions or campaigning in their (excluding major gifts). by 600-800%. local areas. n As well as donating to us, our members n Our National Walking Summit was campaign for us and extend our in Manchester in March and attracted influence. Of our current membership, 300+ key members and stakeholders. 73% have taken one or more campaign Neuroscientist and author, Shane action in the last 12 months and 54% O’Mara gave a keynote speech, have taken two or more campaign actions along with Greater Manchester Mayor in the last 12 months. Andy Burnham and Active Travel n 55 Local Groups across the Commissioners Chris Boardman, UK (+19, 2019). Sarah Storey, Will Norman and Simon O’Brien, and Welsh Transport Minister Lee Waters AM. 10 11 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
SOME OF THE HIGHLIGHTS FROM THE GROUPS: 2 IMPACT n London Living Streets launched their n The Haringey Group, has grown to 150 Central London Footways map. This members and has six ward groups in shows a network of routes, that connects support of low traffic neighbourhoods. UNDER STRATEGIC OBJECTIVE TWO London’s mainline train stations, popular n The number of local groups in Wales has destinations and green spaces with grown to four in the past year with ‘DELIVER PROJECTS WITH LASTING IMPACT’, the most welcoming, pleasant and accessible streets. • Vale of Glamorgan, Sully advocating WE WANTED TO SEE: 20’s plenty and pavement parking; n Edinburgh Living Streets conducted research to highlight inconsistencies and • Swansea, Uplands progressing a n A reputation for excellent n Robust evidence of the n A range of project long waiting times at pedestrian crossings pedestrianisation and traffic calming partnership working and impact of our projects. offers that are innovative scheme; project delivery. and scalable. n On August Bank Holiday, Living Streets n Effective legacy after Guernsey invited islanders on a socially • Cardiff, Riverside re-imagining the project completion. distanced walk to mark the anniversary local streets; of the opening of a traffic-free pathway • Cardiff, Plasnewydd & Roath for walkers and cyclists. 70 people, looking at school streets and the Guernsey Chief Minister and other low-traffic neighbourhoods. politicians attended. n Revised project plans and budgets in response to restrictions. n Reviewed our delivery models to EXCELLENT PARTNERSHIP identify how to engage with, and WORKING AND PROJECT support, beneficiaries during lockdown and afterwards. DELIVERY n Used online channels and remote support for project audiences and During lockdown, due to face-to-face beneficiaries, including email, blog posts, project activities being halted, we and telephone campaigns. took the following actions in relation n Remained in contact with local to our project activities: authority partners and clients through online partnership meetings to review plans and priorities. n Reviewed and updated all project risk assessments to ensure risks were managed for staff, partners and beneficiaries.
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ROBUST EVIDENCE OF THE IMPACT OF OUR PROJECTS
WALK TO 2017-20 AND 2020-21
Funded by the Department for Between April 2017 and March 2020, Transport (DfT), Walk To is delivered we worked with 1,214 primary schools, by Living Streets as the lead delivery 96 post-11 education and training partner for a consortium of ten local settings, and 103 workplaces. 169 of authority partners to: these settings received a community street audit, school route audit or travel n Support more people to access plan support. Our evaluation showed WALK TO SCHOOL OUTREACH 2019/20 AND 2020/21 employment, education and training that for 2019-20: through walking and cycling. This project aims to overcome barriers to walking and help the government n Increase walking and cycling levels and n The Walk To project generated 6.6 million reach its target of 55% of children walking to school by 2025. It is delivered reduce car use for education journeys new walking trips and 1.6 million reduced with a partnership of six local and combined transport authorities. and commuting. all-the-way car journeys (1.0M km). These projects were funded by the Department for Transport through n Deliver a legacy for walking and n Walking rates at new project schools a £1m grant in 2019-20, and a further £1m for 2020-21. cycling in schools, other educational increased by 34%, with car journeys settings and workplaces that falling by 49%. extends beyond the project. n The project delivered £3 of benefits for In March 2020, at the end of the 2019-20 project, we had achieved: every £1 spent, rising to £4.40 if the health benefits to children were included. Olwen Revill, a librarian from Surrey, n 413 primary schools taking part in WOW, By the end of September 2020, 239 primary took part in our Walking Works Through the 2020-21 extension to the Walk our year-round walk to school challenge, schools were participating in the new project, programme, which increases walking To project, we will provide support to 1,040 against a target of 405 schools. with plans to ensure the project target of 485 in the workplace. She said: primary schools, 30 post-11 education n 4.8 million new walking trips, with schools by 31 March 2021 will be met. settings and 40 workplaces. Plans are in 1.2 million fewer school run car “It’s great having an external place to ensure overall project targets will journeys (0.7M km). be met by 31 March 2021. Mark Chadwick from St Mary’s RC organisation, dedicated to n 40% increase in walking rates among Primary School in Salford said that walking, who have all the facts schools newly recruited to the project during the pandemic, more children and benefits of walking as it in 2019-20, with a 54% reduction in car Helen McDonald, PE Coordinator at are walking to school as journeys. focuses your mind. And getting Springwood Junior Academy and the Walk Champion training, and Aughton Junior Academy in Sheffield, n A new school online travel monitoring “parents find that having their tool based on the WOW Travel Tracker all coming together to see how it said setting up Living Streets’ walk to own fresh air experience helps can work has been great!” school challenge WOW was extremely was developed. The system was piloted easy and logging journeys has become in partnership with Transport for Greater with their mental wellbeing and Manchester between October 2019 and the children’s”. “a daily activity that has fitted March 2020. Nearly 36,000 journeys were into our morning routine”. recorded during the pilot.
After one month, 89% of pupils received a WOW badge – meaning the majority of pupils were walking, cycling, scooting or Park and Striding to school! 14 15 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
WALKING NATION SCOTLAND ACTIVE ACCESS FOR GROWTH (AAFG) 2017/20 AND 2020/21
Highlights of the Walking The AAfG contract delivers Living Streets Travel Fund tranche 1 output. All targets Nation project include: products and services to support active travel for the 2017-20 contracts, worth a total of across East Sussex, working with the council £173,000, were met by 31 March 2020, and n Working with 246 schools. and partners to achieve modal shift. A key we secured a contract for £65,300 for a further achievement is the delivery of Community year to March 2021. n Working with communities in the West Street Audits to inform the Emergency Active End of Glasgow to explore better schools travel planning. n Considering how active travel hubs could support walking in the Forth Valley. WEST OF ENGLAND COMBINED AUTHORITY ACCESS FUND n A research report exploring the walking environment around business parks. CONTRACTS 2017/20 AND 2020/21
This work is supplemented by service In 2019-20 we worked with 105 schools, aligning activities to support Modeshift Stars level agreements for Smarter Choices, delivering projects including WOW, Free accreditation. Following these successes, Smart Places schools delivery in 10 local Your Feet, Next Steps transitions activities we secured a new contract for 2020-21 authority areas. and school route audits. School street worth £74,639 to work across Bristol, South consultations and active travel maps were Gloucestershire, and North Somerset to build delivered with some schools, as well as on and grow our reach.
EFFECTIVE LEGACY FOLLOWING PROJECT COMPLETION A RANGE OF PROJECT OFFERS THAT ARE INNOVATIVE AND SCALABLE
LCWIP 2017/20 AND LCWIP 2 2020/21 IMPROVING STREETS
n £50,000 contract with London Borough n Redbridge Council’s Liveable Living Streets is part of the strategic support In March 2020, £900k for the second phase of Redbridge to support their ten-year Neighbourhood Scheme in Ilford Hill. Due consortium led by Sustrans and including of LCWIP, which runs until May 2021, was strategy to regenerate Ilford and improve to Covid restrictions and EATF changes Cycling UK for the DfT’s Local Cycling and announced. The focus of LCWIP 2 is to growth and prosperity. We delivered nine to Transport for London, the programme Walking Infrastructure Plan (LCWIP) project. give support to participating local transport community street audits and pop-up is on hold, with engagement planned to These plans aim to support active travel authorities, from route planning to designed events engaging with businesses and begin in early 2021. by helping local councils understand how schemes. We are in discussion with Sustrans the public, to produce comprehensive people walk and cycle their streets and set and the DfT regarding the final programme of n A partnership with Cycling Scotland reports to inform the design of the Ilford priorities for improving walking and cycling work and final agreement on proposed plans. in 2019-20 funded the delivery of 29 gyratory scheme. infrastructure. Healthy Streets and University of Leeds’ Community Street Audits around social Institute of Transport Studies (ITS) have been n Camden Council’s West End Project is housing sites. Other work included a commissioned to support this work. set to deliver £35 million of improvements technical review of council streetscape to Camden to reduce congestion and schemes in East Dumbartonshire and a air pollution. Living Streets supported community street audit in Kilmarnock. the council in raising awareness of the n We delivered two pieces of technical scheme during Road Safety Week 2019. work towards the end of 2019 for built environment company Vectos in Wales.
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OLDER ADULTS
n Walking Connects and Out And About. n Streets Apart Redbridge 2019-2022. 3 INCOME These projects, funded by the National City Bridge Trust awarded Living Streets Lottery Fund and Paths For All, to work a grant to work in partnership with intensively with older adults in Scotland, the London Boroughs of Barking and AS PART OF STRATEGIC OBJECTIVE THREE, have seen targeted resources for older Dagenham, Havering and Redbridge to adults developed including The Guide to improve health and wellbeing, reduce GAIN FINANCIAL SUPPORT FROM A WIDER Getting Better Streets, and Small Steps isolation and enhance independence web resources. amongst over 65s through walking RANGE OF SOURCES, WE WANTED: activities, including led walks and n Walking Friends Wales. Awarded by n A more diverse range of n More individuals n More schools and other the Welsh government, this project will community street audits. funding to strengthen our and organisations audiences want our encourage older adults aged 50+ to sustainability. understand, value products and fund their increase activity through walking and and financially support own participation. take part in led group walks, to be n Stakeholders understand our cause. delivered by a network of trained how we can support their volunteers in partner areas. objectives and support us more. This was supported by £210k investment from reserves across the period.
A MORE DIVERSE RANGE OF FUNDING TO STRENGTHEN OUR SUSTAINABILITY
Diversifying our range of funding, measured as our income excluding our largest source (DfT), demonstrated progress as we recorded increases:
n from £1.92m in 2017/18 n to £2.37m in 2018/19 n to £2.46m in 2019/20
Other significant financial support in place this year is reported in Note 2 (page 45) of the financial statements.
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STAKEHOLDERS UNDERSTAND HOW WE CAN SUPPORT MORE INDIVIDUALS AND ORGANISATIONS UNDERSTAND, THEIR OBJECTIVES AND SUPPORT US MORE VALUE AND FINANCIALLY SUPPORT OUR CAUSE
Funding from major grants continues We have continued to generate The corporate landscape has been We have continued to develop our to be a significant source of income for income from statutory grants and challenging, but income was secured Individual Giving programme rooted in Living Streets: tenders, including; from sources, including: our membership offer, and have seen a number of successes: n £3.5m secured from DfT to deliver our n Smarter Choices Smarter Places n Sponsorship from Winn Solicitors for Walk To and Walk To School Outreach contracts with LAs across Scotland worth Walk to School Week, and ARUP for n £22k income from regular donations, projects for 2020/21, as part of the circa £200k to deliver schools work our Walking Summit. 77% increase in membership and Access Fund Transition Year. across 2020/21. n Contract work with built environment 19% increase in our donors. n An additional £1m from DfT to deliver a n Additional contracts linked to DfT’s consultancies including Steer and Vectos. n Two major gifts amounting to £31k, Walking Back To School project in 250 Access Fund Transition Year in East n Supporting workforces to benefit from one of which was our biggest ever. schools. Sussex and WECA with a combined value walking, such as with Phoenix Group n A generous £100k legacy from the estate of £215k. n £250k from Transport Scotland to to deliver a staff walking challenge in of the son of a committee member from continue our work with schools and n Strategic support to DfT’s LCWIP September. our days as The Pedestrians Association. communities across Scotland. This programme. includes funding through the Smarter n Various Streets contracts worth £110k Choices Smarter Places Open Fund to with local authorities including Redbridge, launch the Out & About project, to work Camden, Cardiff, plus a £25k technical MORE SCHOOLS AND OTHER AUDIENCES WANT OUR in partnership with older people and project with Cycling Scotland. their services in North Lanarkshire and PRODUCTS AND FUND THEIR OWN PARTICIPATION the Scottish Borders. This legacy project n A £50k Liveable Neighbourhoods project will establish five ‘Out & About’ groups with school communities in the London Due to school closures, in relation to the across the lockdown period, and our taking forward local action for more age- Borough of Merton. pandemic, the summer term of WOW local authority customer and partner inclusive streets. n A £30k contract with Transport for was cancelled incurring a loss of £326k relationships have been retained going West Midlands to work with Early Years revenue. Walk to School Week was into the new financial year. settings, built around our Little Feet offer. postponed to October, downgrading revenue by £35k. At year-end, the company generated From Trusts and Foundations, we have However the Living Streets Services team revenue of £927k (against original secured funding for our work with led cross-departmental development of budget of £1.3m) and profit of £232k resources to support our primary school, (against original budget of £325k). older people in London and Scotland. post-primary and workplaces audiences
n City Bridge Trust awarded us a 3-year extension to the Streets Apart project in Redbridge (contributing £33k). n Paths for All’s Open Fund supporting a £50k spin-off of our Walking Connects project in Scotland. n A £12k project funded by Quadrature Foundation will focus on traffic management policy at community level.
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FOR THE YEAR ENDED LOOKING AHEAD 30 SEPTEMBER 2020 LEGAL STATUS
The Trustees of Living Streets are pleased Living Streets (The Pedestrians Association) The year ahead promises to be exciting and of walking can be experienced by all, to present their report and the audited is a UK-wide charity. Originally established offers significant potential for walking. The regardless of income, race, age, ability financial statements for the year ended 30 in 1929, the present incorporated entity was November 2020 Spending Review set out or gender. September 2020. registered as a charity in England and Wales plans to expand funding for walking and Positive policy change is also expected, with Reference and administrative information, in 2005 and is also registered in Scotland. cycling and we will continue to discuss the final decisions being made on the future of set out on page 34, forms part of this report. The organisation is a charitable company opportunities in 2021 with the Department the Highway Code and pavement parking The financial statements comply with current limited by guarantee, incorporated on 17 for Transport and local authorities. We will in England. We will be making the case statutory requirements, the memorandum February 2005 and registered as a charity in scale up our operations, local groups, and for walking to candidates in elections to and articles of association and the Statement England and Wales on 22 September 1962. membership to ensure walking is at the heart the Scottish Parliament, Welsh Assembly, of Recommended Practice – Accounting The company was approved for entry in the of the nation’s carbon reduction strategy. We Mayoralties, county councils and local and and Reporting by Charities (Charities SORP Scottish Charity Register on 22 August 2008. will place equality, diversity and inclusion at combined authorities across the country. the heart of our approach so the benefits FRS102). The company was established under a
memorandum of association, which set out the objects and powers of the charitable OBJECTS company and is governed under its articles OUR STRATEGY THANKS TO PARTNERS of association. The objects for which the charity is AT THE BEGINNING OF OCTOBER 2020, WE The Board of Trustees would like to thank our formed are to promote the safety of LAUNCHED OUR NEW FIVE-YEAR STRATEGY partners who have made our work possible. the walking public and the comfort WALK WITH US. and general amenities of pedestrians. n Department for Transport Our new strategy is bold, ambitious n National Lottery and reflects the changed world we are n Scottish Gov/Transport Scotland in. Walking is at its heart and we want n Cycling Scotland to see three key outcomes: n Paths for All Open Fund n City Bridge Trust n people choose walking. n Sport Wales Healthy & Active Fund n better streets for walking. n Possible. Inspiring climate action n all walks of life, striving for equality n LB Merton Neighbourhood Fund and inclusion. n Phoenix Group
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FINANCIAL REVIEW
FINANCIAL REVIEW SUMMARY
In response to COVID 19 we acted with Our cash flow remains strong as we The financial statements include the Living Streets’ consolidated statement of agility to mitigate the negative financial continue to maintain a robust cost control. consolidated results of Living Streets’ financial results, for the year ending 30th impact of the pandemic on our unrestricted The financial risk, credit risk, liquidity risk subsidiary company, details of which September 2020 is an overall surplus of fund reserves. and market risk are monitored by Senior are shown at Note 1 (page 43). These £1,129,526 (3.5% of total income) (2019 a Our principal focus is to ensure the charity Management Team on a regular basis. All accounts have been prepared on a going surplus of £195,030). continues to remain solvent, in surplus , cash and cash equivalents are kept with concern basis as described in Note 1 of and able to deliver on its strategy. Covid-19 banks and financial institutions. There are no the Accounting Policies. has had a medium-low impact on our barriers or impacts from accessing the funds business operations and activities. Some and no concern on the recoverability from operations have been reduced due to the our customers. The level of working capital INCOME EXPENDITURE national closure of schools and restrictions is adequate to meet all short to medium term in workplaces. Our summer WOW sales and liability and contingent commitment. National Walking Month fundraising events At 30th September 2020 Living Streets cash were cancelled. We furloughed 29 staff on balances is £3,523,059 (2019: £2,118,909). the Coronavirus Job Retention Scheme The increase in cash is mainly due to £1.3m (CJRS) and claimed £281k in this financial grant income received shortly before the year year for the loss for these staff members. end cut off date for projects due to begin after that date.
■ Grants and fees from central ■ Developing partnerships and KEY FACTS 2019-20 2018-19 government and partner, £4,474k delivering Impact, £4,145K
■ Local Authorities Contracts ■ Supporting costs, £836k and fees, £1,518k Unrestricted (deficits)/surplus 20,350 (142,857) ■ Fundraising Cost and cost of ■ Grants from Scottish Government, trading activities, £394k Unrestricted Income 1,314,330 1,318,106 £229k
Total Income for the year 6,495,067 5,634,781 ■ Grants from lotteries and trusts, £111k Net Cash Inflow from Operating activities 21% 5% as a % of total income ■ Donations and Legacies, £163k
Unrestricted reserves as a % of total income 22% 26%
Free Reserves 343,430 459,339
Staff numbers, average full time equivalent 83 74
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YEAR ON YEAR COMPARISON RESERVES POLICY
OVERVIEW 2020 £M 2019 £M CHANGE £M The Trustees reviewed the reserves policy Reserve Fund denotes the amount set at the end of September 2020 and have aside to enable an orderly winding up of Total Income 6.49 5.63 0.9 designated funds and agreed to increase the the charity’s affairs in the event this should Reserve Fund to £550k (2019 £350k). be required. Total Expenditure 5.37 5.45 -0.1 This is to ensure that we have sufficient cash The Trustees have reviewed the level of Total Funds Carried Forward 3.56 2.43 1.1 to cover up to a maximum of six months reserves required in line with the guidance unrestricted expenditure in the event of an issued by the Charity Commission. They orderly wind up of the charity. recognise the need to ensure that the reserves Total income in 2020 was £6,495,067, (2019 The total funds for the Consolidated Living held enable financial stability, are adequate £5,634,781), an increase in total income of Streets (charity and trading subsidiary) as of THE BOARD OF TRUSTEES APPROVED THE to meet working capital requirements and £860,286. The unrestricted income in 2020 30 September 2020 amounted to £3,562,059 FOLLOWING RESERVES BALANCES AS OF can safeguard the charity’s current totalled £1,314,330, (2019: £1,414,988). (2019: £2,432,533) of which £2,126,721 is 30 SEPTEMBER 2020: commitments against the fluctuations in Income from charitable activities amounted restricted (2019: £1,017,545). Total unrestricted income levels, particularly in the current to £6,079,981 (2019: £5,273,635), an increase funds increased to £1,435,338 (2019: uncertain economic climate. Development Fund: Legacy Fund: of £806,341. Income for the year includes £1,414,988). The explanation for Restricted and Designated £1.3m received in advance, principally £1m Funds of the parent charity increased by £136,053 £100,000 reserves funds are given respectively in Notes from the DfT for a new project known as £1,299,264 (2019 £2,031,171 to £3,330,436) (2019: £275,846) 14 to the financial statements. Walking Back to School. Reserve Fund: and this included distribution of the previous Available reserves are those funds which Stabilisation Fund: Total income of Living Streets Services Ltd year’s profit from Living Streets Services £550,000 are available to be spent by the charity in was £927,643 (2019 £1,168,101). The trading amounting to £401,543. £100,000 (2019: £350,000) line with its strategy. Available reserves are income figure in the consolidated accounts is The average number of employees at the released by the Trustees when required for £246,121 (2019 £318,199) which is the amount reporting date equated to 92 (2019: 82). The The purpose of these funds is set out the business planning process. In the financial generated through third-party sales. The full time equivalent (FTE) of staff numbers was in Note 14 (page 54) to the financial year available reserves decreased by £154k figures exclude amounts generated through 83 (2019: 74 FTE). statements. (2019 decreased by £6k) to £418k at 30 transactions between Living Streets and Living September 2020. Streets Services Limited. The trustees believe that the charity is in a good financial position in the short to medium THESE ARE AS FOLLOWS: The Trustees consider the level of available More detail of the grants and other funds term and will continue to deliver an impact- The Trustees designated £500k investment reserves to be adequate, and they will received during the year are found in Notes led programme of work in 2020-21 with in 2017 for a comprehensive review and continue to review the deployment of reserves 2 (page 45) and 14 (page 54) of the financial adequate resources to continue operating upgrade of IT systems, income diversification, above the level needed for the reserves policy. statements. The Trustees would like to thank all for the foreseeable future. Accordingly, they enhanced membership and supporter As of 30 September 2020, free reserves individuals and organisations who continue to consider the going-concern basis remains assistance and development of Living Streets’ amounted to £343,431 as shown in Note 13 support the work of the charity. the appropriate one on which to prepare the work in Wales. As of 30th September 2020, (page 53). The figure comprises of general Resources expended amounted to £5,375,177 annual report and the financial statements. the balance remaining is £136k. available reserves excluding tangible fixed (2019: £5,454,757), a decrease of £70,579. We are looking forward with a clear view of Stabilisation Fund denotes the amount set assets (General fund £417,500 less Tangible Living Streets ran 15 restricted grants in the the impact we want to have. This is supported aside to facilitate a smooth transition from the Assets £74,069). financial year ending September 2020 (2019: by our financial plans to make sure that end of the current funding cycle to the next. 14 restricted grants). can maximise this, so that we can make the During the year the Trustees have approved As of 30 September 2020, the unrestricted difference that we want to make, for everyone. a contingency transfer of £48k to cover for net movement in funds (including designated salaries of project staff whilst funding for funds) is a surplus of £20,350. The Development project continuation is confirmed. This was fund expenditure as of 30 September 2020 is not utilised in the financial year end accounts £139,793 as shown in Note 14. of 2019/20. 26 27 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
INVESTMENT POLICY GOVERNANCE AND PERFORMANCE Living Streets is a UK charity with its head The Trustees have a wide range of skills and office in London and regional/national experience. They are appointed for a period The Trustees adopt the investment policy as offices in Edinburgh, Newcastle upon Tyne of three years, which is renewable normally per Charity Commission. They ensure the real no more than once. The Trustees, together and Cardiff. value of the charity’s assets are invested to with the CEO, identify the skills, experience be secured and enhanced by investment in The charity is overseen by a Board of and geographical representation required of a portfolio of pooled investment funds. The Trustees, whose principal responsibilities are the Trustees to ensure that the board reflects Trustees are responsible for ensuring that strategy, planning, compliance and financial this need. The induction for prospective the levels of risk and income are appropriate, oversight, and holding the Chief Executive board members includes documentation and that the charity does not knowingly Officer (CEO) and Senior Management and discussions with key people, which make investments in any stocks which may Team (SMT) accountable for the day-to-day cover the role and responsibilities of be considered unethical in the context of the running of the organisation. SMT ensure Trustees. The Trustees receive periodic objects of the charity. that appropriate structures and processes updates and guidance on their role as As of 30 September 2020, the closing value are in place to enable effective oversight, Trustees of the Charity. scrutiny and decision making across the of the investment funds held in stocks and The Trustees meet five times a year to review organisation, that there is accountability for shares were £187,145 (2019 £177,509) strategy and performance, agree operating those decisions and that there is effective resulting in a net gain on investment of £9,636. plans and annual budgets, to review the risk leadership, and communication with staff management of the charity. Subgroups of the across the organisation. Trustees form the Audit and Risk Committee, which meets as required, typically quarterly.
CONTRIBUTION OF VOLUNTEERS
Living Streets aims to have a wide reach to make donations. Members of Living Streets across the UK. Our network of volunteer have a formal role in the charity’s governance. campaigners across the country support this. They sign up to the Memorandum and Articles The dedication of our members, supporters of the charity and have voting rights at the and local groups is vital to our success and is Annual General Meeting (AGM). Members of appreciated by our staff and our Board. the charity guarantee to contribute an amount Membership of the company is open to not exceeding £1 to the assets of the charity all supporters and does not require a in the event of winding up. The total number subscription, though we encourage members of such guarantees at 30 September 2020 was 2,367 (2019: 1,300). REGISTER OF INTERESTS
Living Streets Trustees and Directors and Senior Management Team are required to declare any new interests at each board meeting which is recorded. An annual declaration of interest form is kept on file at end of each financial year. As 30 September 2020 we have received interest forms from all related parties.
28 29 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
REMUNERATION POLICY RISK MANAGEMENT The Board regularly reviews the Strategic Risk 4 The implications and ramifications of Management plan of Living Streets. In 2019/20 Brexit: We keep a close watching brief on risks were categorised as follows: financial, political developments. We are not reliant on The Trustees delegate day-to-day LIVING STREETS IS regulatory, reputational, workforce and culture, European Union funding. We communicate management of the charity to the CEO and business development and delivery. with our staff to provide reassurance of our COMMITTED TO A FAIR Senior Management Team. The salary of support for their ongoing employment. We the CEO is set by the Chair on behalf of The Board of Trustees and Executive have communicate with our key stakeholders to REMUNERATION PROCESS, the Board of Trustees, taking into account introduced procedures and reporting regimes assess the impact of market supply chain responsibilities set out in the job description to manage and reduce identified risks. Trustees SO STAFF ARE PAID on our resources to schools. and information about salaries for similar have agreed clear lines of delegation and APPROPRIATELY FOR THE posts in other similar charities within the authority to appropriate managers and involved 5 The proper safeguarding of children and WORK THEY DO public and charity sector in order to establish staff in the recognition of risk in all activities. The adults with whom we are working: we have a level of salary that will enable us to attract Senior Management Team reviews strategic reviewed our safeguarding procedures and and retain the right person for the role. and operational risks, and the progress and provide training to all staff and volunteers The key management personnel of the Salaries for other members of the Senior impact of identified mitigation measures, as part who work with children and vulnerable charity comprise the Chair of Trustees, Management Team and all members of of its standing agenda. adults. We have a designated team of the CEO and the Senior Management staff are determined by considering similar safeguarding officers who closely work Team. Overall responsibility for the good As part of its normal planning procedures, the criteria. A review of Senior Management (and with schools and other organisations governance of the charity lies with the Board of Trustees has made an assessment of staff) pay scales is made annually by the to ensure that we report safeguarding Trustees, none of whom receive payment the principal strategic risks to which the Charity Salary Review Panel. The members of the concerns appropriately, and we report for their services, though they are entitled to is exposed, and has agreed and monitored the panel consist of the CEO, Director of Finance on safeguarding matters routinely to reasonable travel and subsistence expenses actions taken to manage each one: and Resources and the Treasurer. The panel our trustees. for Living Streets’ duties, such as attending considers inflation, market comparability and The reliance of few sources of funding, Board meetings. 1 The recruitment and retention of people cash flow and budget affordability in their prejudicing continuity of funding in the 6 longer term. We are working to diversify with the skills and experience that we need recommendation to the Board for a decision. to deliver the impact against our priority This sets the salary scales. Progression various unrestricted income streams to protect us against the loss of a major areas: We engage with staff and volunteers of staff within pay scales is considered regularly, value their opinions, and receive in conjunction with the appropriate line funding source. We have designated reserves to ensure that the charity can feedback through different events and manager. Final decisions on pay progression surveys. We recognise the importance for the Senior Management Team and staff remain operational in the event of a sudden loss of a significant source of funding. of attracting and retaining talented staff within the prescribed pay scales are made by to ensure our continued success. We the CEO. 2 Wider economic impact of the pandemic, review our pay policy and participated in Covid 19, reduces the charity programme pay benchmarking in the charity sector. revenue from its main funder, Department We strive for value for money, in how we for Transport (DfT) and local authorities’ pay our staff, while offering salaries which partnerships. We are working with senior enable us to attract, retain and motivate DfT officials and Ministers to ensure people with the knowledge, experience and continuation of Living Streets main skills we need. We offer flexible working, funding sources. and a great place to work, which is reflected in our staff survey results. 3 Continued austerity and squeeze of local authority budgets, particularly in relation While we aim to maximise our impact in to revenue programmes: we work in improving the lives of our beneficiaries, we partnership with local authorities to develop know that doing this successfully means creative solution to promote and increase balancing different needs. active travel, which offer value for money.
30 31 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
Each of the Trustees confirms, that to THE FOLLOWING STATEMENTS SUMMARISE PUBLIC BENEFIT STATEMENT OF THE CHARITY’S POLICY IN MANAGING the best of their knowledge, there is no information relevant to the audit of which the IDENTIFIED FORMS OF FINANCIAL RISK: The Trustees have referred to the guidance RESPONSIBILITIES OF auditors are unaware. Each of the Trustees contained in the Charity Commission’s THE TRUSTEES confirms that they have taken all necessary general guidance on public benefit when n Cost and income risk: The Charity steps to ensure that they themselves are reviewing the charity’s aims and objectives, negotiates grants and fees awarded The Trustees are required to prepare aware of all relevant audit information and its achievements in the past year and in to finance the Charity’s activities and financial statements for each financial year, that this information was communicated to planning its future activities. It is considered incorporates this information into its which give a true and fair view of the state the auditors. that the past and planned future activities business plans and budgets. Staffing of affairs of the charity and of the group’s comply with the aims of the charity and are The Trustees have no beneficial interest in structure and salaries are reviewed as income or expenditure for the year. In carried out for the public benefit. the charity. part of the business planning process. preparing those financial statements the Prices of materials purchased are subject Trustees are required to: to contracts with suppliers, based on n Select suitable accounting policies AUDITORS current market prices. Our financial EQUALITY AND DIVERSITY and then apply them consistently; management processes enable us to A resolution to appoint auditors will be respond effectively to changes in n Observe the methods and principles Living Streets strives to be an equal proposed at the Annual General Meeting forecast outturn. of the Charities SORP; opportunity employer and campaigns on in 2021. n Credit risk: Credit risk on amount behalf of beneficiaries through projects, n Make judgements and estimates Approved by the Trustees on 21 January owed to the Charity by its customers campaigns and services. We are setting that are reasonable and prudent; baseline in our new strategy to monitor the 2021 and signed on their behalf by: is low, as the majority of debtors are n State whether applicable accounting equality and diversity framework that we will Local Authorities. standards and statements of Dame Jane Roberts adopt at Living Streets. n Liquidity risk: The Charity has no long- recommended practice have been Chair of the Board of term borrowings or short term overdraft. followed, subject to any material Trustees, Living Streets departures disclosed and explained n Interest rate and cash flow risk: in the financial statements; The Charity is able to place surplus LIVING WAGE EMPLOYER funds on deposit with the Charity’s n Prepare the financial statements on Living Streets is an accredited Living Wage bankers (Nat West Bank). the going concern basis unless it is employer. By paying the real Living Wage, we inappropriate to presume that the are voluntarily taking a stand to ensure our charity will continue in operation. The Trustees have satisfied themselves employees can earn a wage which is enough that there are strategies in place to prevent to live on. The Trustees are responsible for keeping or manage the effects of identified risks proper accounting records which disclose so that residual risk is reduced to an with reasonable accuracy at any time the acceptable level. These strategies include financial position of the charity and which implementation of control systems and enable them to ensure that the financial processes throughout the entire organisation, statements comply with the Companies the transfer of certain risks to external Act 2006. The Trustees are responsible for insurers, and the management of risks that safeguarding the assets of the charity and cannot be avoided. hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
32 33 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
TRUSTEES Dame Jane E Roberts Chair REPORT AND FINANCIAL Trustees, who are also Mollie Bickerstaff Treasurer directors under company Averil Price law, who served during Susan Claris STATEMENTS the year and up to the William Tyler-Greig date of this report were Alexander Veitch as follows: Christopher Martin 30 SEPTEMBER 2020 Jo Field Tom Rye Resigned 20 November 2019 Fiona Walker Barbara Walshe CONTENTS Mohammed Mohsanali Shruti Jain Appointed 6 March 2020 Reference and Administrative Details...... 34 Sarah Price Appointed 6 March 2020 Ros Richards Appointed 6 March 2020 Independent Auditor’s Report...... 37 COMPANY SECRETARY Faheza Peerboccus Appointed 31 March 2020 Consolidated Statement of Financial Activities...... 40 Balance Sheets...... 41 PRINCIPAL STAFF Mary Creagh Chief Executive Appointed 1 Sept 2020 Consolidated Statement of Cashflows...... 42 Joe Irvin OBE Chief Executive Notes to the Financial Statements...... 43 Retired 1 April 2020
Jenni Wiggle Interim Chief Executive 12 Mar 2020 to 31 Aug 2020
Jenni Wiggle Senior Director Chris Rushbrook Interim Director of Local Impact Alex McHardy Interim Director of Development Faheza Peerboccus Director of Finance and Resources REFERENCE AND ADMINISTRATIVE DETAILS Stephen Edwards Director of Policy and Communications
COMPANY NUMBER 05368409 BANKERS Cooperative Bank Plc NatWest CHARITY NUMBER 1108448 PO Box 250, Skelmersdale, PO Box 12258, 1 Princess Street, WN8 6WT London, EC2R 8BP CHARITY NUMBER SC039808 (SCOTLAND) SOLICITORS DWF LLP Centurion House, 129 Deansgate, Manchester, M3 3AA REGISTERED OFFICE America House, OFFICE AND 2 America Square, INVESTMENT MANAGERS CCLA Investment Management Ltd OPERATIONAL ADDRESS London, EC3N 2LU 80 Cheapside, London, EC2V 6DZ PRESIDENT Michael Bates Appointed 24 June 2020 AUDITORS Mazars LLP Terence Bendixson Retired 6 March 2020 2nd Floor, 6 Sutton Plaza, Sutton Court Road, Sutton, Surrey, SM1 4FS VICE PRESIDENT Susan Claris Appointed 24 June 2020 Ken Chapman Retired 6 March 2020
34 35 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
INDEPENDENT AUDITOR’S REPORT
OPINION BASIS FOR OPINION We have audited the financial statements of We conducted our audit in accordance Living Streets (The Pedestrian Association) with International Standards on Auditing (the ‘parent charity’) and its subsidiary (the (UK) (ISAs (UK)) and applicable law. Our ‘group’) for the year ended 30 September responsibilities under those standards 2020 which comprise the Consolidated are further described in the Auditor’s Statement of financial activities, the responsibilities for the audit of the financial Consolidated and Charity Balance Sheets, statements section of our report. We are the Consolidated Statement of Cash Flows independent of the charity in accordance and notes to the financial statements, with the ethical requirements that are including a summary of significant relevant to our audit of the financial accounting policies. The financial reporting statements in the UK, including the FRC’s framework that has been applied in their Ethical Standard and we have fulfilled our preparation is applicable law and United other ethical responsibilities in accordance Kingdom Accounting Standards, including with these requirements. We believe that FRS 102 “The Financial Reporting Standard the audit evidence we have obtained is applicable in the UK and Republic of sufficient and appropriate to provide a basis Ireland” (United Kingdom Generally for our opinion. Accepted Accounting Practice). CONCLUSIONS RELATING TO IN OUR OPINION, THE FINANCIAL GOING CONCERN STATEMENTS: We have nothing to report in respect of the n give a true and fair view of the state of following matters in relation to which the ISAs the group’s and the charity’s affairs as at (UK) require us to report to you where: 30 September 2020 and of the group’s income and expenditure for the year n the Trustees’ use of the going concern then ended; basis of accounting in the preparation of the financial statements is not n have been properly prepared in appropriate; accordance with United Kingdom Generally Accepted Accounting Practice; or n the Trustees’ have not disclosed in and the financial statements any identified n have been prepared in accordance with material uncertainties that may cast the requirements of the Companies significant doubt about the group or the Act 2006, the Charities and Trustee charity’s ability to continue to adopt the Investment (Scotland) Act 2005 and going concern basis of accounting for a regulation 8 of the Charities Accounts period of at least twelve months from the (Scotland) Regulations 2006. date when the financial statements are authorised for issue.
36 37 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
OTHER INFORMATION MATTERS ON WHICH WE ARE REQUIRED RESPONSIBILITIES OF TRUSTEES A further description of our responsibilities TO REPORT BY EXCEPTION for the audit of the financial statements The Trustees are responsible for the As explained more fully in the Trustees’ is located on the Financial Reporting other information. The other information In light of the knowledge and understanding responsibilities statement set out on page Council’s website at www.frc.org.uk/ comprises the information included in of the group and the charity and its 33, the Trustees are responsible for the auditorsresponsibilities. This description the annual report, other than the financial environment obtained in the course of preparation of the financial statements and forms part of our auditor’s report. statements and our auditor’s report thereon. the audit, we have not identified material for being satisfied that they give a true and Our opinion on the financial statements misstatements in the Trustees’ Report. fair view, and for such internal control as the does not cover the other information and, Trustees determine is necessary to enable USE OF AUDIT REPORT We have nothing to report in respect of the except to the extent otherwise explicitly the preparation of financial statements following matters in relation to which the This report is made solely to the charity’s stated in our report, we do not express any that are free from material misstatement, Companies Act 2006 and Charities Accounts members as a body in accordance with form of assurance conclusion thereon. whether due to fraud or error. (Scotland) Regulation 2006 requires us to Chapter 3 of Part 16 of the Companies Act In connection with our audit of the financial report to you if, in our opinion: In preparing the financial statements, the 2006. Our audit work has been undertaken statements, our responsibility is to read Trustees are responsible for assessing the so that we might state to the charity’s the other information and, in doing so, group’s and the parent charity’s ability to members those matters we are required n adequate accounting records have not to state to them in an auditor’s report and consider whether the other information is been kept by the parent charity, or returns continue as a going concern, disclosing, as materially inconsistent with the financial applicable, matters related to going concern for no other purpose. To the fullest extent adequate for our audit have not been permitted by law, we do not accept or statements or our knowledge obtained received from branches not visited by us; and using the going concern basis of in the audit or otherwise appears to be accounting unless the Trustees either intend assume responsibility to anyone other than materially misstated. If we identify such or to liquidate the group or the parent charity the charity and the charity’s members as a body for our audit work, for this report, or for material inconsistencies or apparent n the parent charity’s financial statements or to cease operations, or have no realistic the opinions we have formed. material misstatements, we are required are not in agreement with the accounting alternative but to do so. to determine whether there is a material records and returns;
misstatement in the financial statements Signed: Nicola Wakefield (Feb 10, 2021 18:51 GMT) or AUDITOR’S RESPONSIBILITIES FOR THE AUDIT or a material misstatement of the other n certain disclosures of Trustees’ OF THE FINANCIAL STATEMENTS information. If, based on the work we Nicola Wakefield have performed, we conclude that there remuneration specific by law are not We have been appointed as auditors (Senior Statutory Auditor) for and on behalf of Mazars is a material misstatement of this other made; under Section 44(1)(C) of the Charities and LLP Chartered Accountants and Statutory Auditor information, we are required to report or Trustee Investment (Scotland) Act 2005 and 2nd Floor 6 Sutton Plaza, Sutton Court Road, that fact. n we have not received all the information under the Companies Act 2006 and report Sutton, Surrey, SM1 4FS We have nothing to report in this regard. and explanations we require for our audit; in accordance with regulations made under those Acts. or Date: 10/02/2021 Our objectives are to obtain reasonable OPINIONS ON OTHER MATTERS PRESCRIBED n the Trustees were not entitled to prepare assurance about whether the financial BY THE COMPANIES ACT 2006 the financial statements in accordance with the small companies regime and statements as a whole are free from material In our opinion, based on the work undertaken take advantage of the small companies’ misstatement, whether due to fraud or in the course of the audit: exemption in preparing the Trustees’ error, and to issue an auditor’s report Report and from the requirement to that includes our opinion. Reasonable prepare a Strategic Report. assurance is a high level of assurance, but n the information given in the Trustees’ is not a guarantee that an audit conducted Report for the financial year for which in accordance with ISAs (UK) will always the financial statements are prepared is detect a material misstatement when it consistent with the financial statements; exists. Misstatements can arise from fraud and or error and are considered material if, n the Trustees’ Report has been prepared individually or in the aggregate, they could in accordance with applicable legal reasonably be expected to influence the requirements. economic decisions of users taken on the basis of these financial statements.
38 39 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
BALANCE SHEETS CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AS AT 30 SEPTEMBER 2020 THE GROUP THE CHARITY FOR THE YEAR ENDED 30 SEPTEMBER 2020 FIXED ASSETS: 2020 2019 2020 2019 (incorporating an income and expenditure account)
NOTE £ £ £ £ INCOME FROM: RESTRICTED UNRESTRICTED 2020 2019 Tangible assets 7 74,069 112,027 74,069 112,027
NOTE £ £ £ £ Investments 8 187,145 177,509 187,145 177,509
Legacies - 100,000 100,000 500 TOTAL 261,214 289,536 261,214 289,536
Donations - 62,757 62,757 34,715
Charitable activities 2 5,180,737 899,244 6,079,981 5,273,635 CURRENT ASSETS:
Activities for raising funds - 246,121 246,121 318,199 Debtors 10 395,676 340,161 333,017 231,333
Investment income - 6,208 6,208 7,732 Stock 80,088 123,603 14,628 2,982
TOTAL INCOME 5,180,737 1,314,330 6,495,067 5,634,781 Cash at bank and in hand 3,523,059 2,118,909 3,449,641 1,882,443
TOTAL 3,998,823 2,582,673 3,797,286 2,116,758 EXPENDITURE ON:
Raising funds: LIABILITIES: Costs of raising income - 225,920 225,920 236,684 Creditors: amounts Costs of raising 11 (642,958) (390,656) (673,045) (326,103) - 207,324 207,324 245,593 due within one year trading income Charitable activities 4,071,561 870,372 4,941,933 4,972,480 NET CURRENT ASSETS 3,355,864 2,192,017 3,124,241 1,790,655 TOTAL EXPENDITURE 3 4,071,561 1,303,616 5,375,177 5,454,757 TOTAL ASSETS LESS 3,617,079 2,481,553 3,385,456 2,080,191 CURRENT LIABILITIES Provisions for liabilities Net gain on investment 8 - 9,636 9,636 15,006 12 (55,020) (49,020) (55,020) (49,020) and charges NET MOVEMENT IN FUNDS 4 1,109,176 20,350 1,129,526 195,030 NET ASSETS 13 3,562,059 2,432,533 3,330,436 2,031,171 TOTAL FUNDS AT 1,017,545 1,414,988 2,432,533 2,237,503 1 OCTOBER 2019 FUNDS 14 TOTAL FUNDS AT Restricted Income funds 2,126,721 1,017,545 2,126,721 1,017,545 2,126,721 1,435,338 3,562,059 2,432,533 30 SEPTEMBER 2020 Unrestricted funds:
Designated funds 1,017,838 843,622 786,215 442,260
All of the above results are derived from continuing activities. There were no other General funds 417,500 571,366 417,500 571,366 recognised gains or losses other than those stated above. Movements in funds are disclosed in note 14 to the financial statements. TOTAL CHARITY FUNDS 3,562,059 2,432,533 3,330,436 2,031,171 Company Registration number: 05368409
Approved by the trustees on 21 January 2021 and 40 41 signed on their behalf by Dame Jane E Roberts, Chair Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
CONSOLIDATED STATEMENT OF CASHFLOWS NOTES TO THE is accounted for on a receivable basis, and is recognised in full in the financial FOR THE YEAR ENDED 30 SEPTEMBER 2020 FINANCIAL STATEMENTS statements in the period in which probate is granted and the amount of the legacy CASHFLOWS FROM 2020 2020 2019 2019 1 ACCOUNTING POLICIES can be estimated with reasonable OPERATING ACTIVITIES: accuracy is accounted for on a a) The financial statements have been receivable basis, and is recognised £ £ £ £ prepared under the historical cost in full in the financial statements in the convention, as modified by the Net income / (expenditure) 1,129,526 195,030 period in which probate is granted revaluation of investments, and in and the amount of the legacy can be Adjustments for: accordance with applicable Accounting estimated with reasonable accuracy. Standards and the Companies Act 2006. Depreciation 38,253 38,274 They follow the Financial Reporting c) Revenue grants are credited to the Standard applicable in the UK and the statement of financial activities when (Gain) on investments (9,636) (15,006) Republic of Ireland (FRS 102), Charities received or receivable whichever is Interest income (6,2080 (7,732) SORP FRS 102 and the Charities Act earlier. Where unconditional entitlement 2011, and the Charities Accounts to grants receivable is dependent upon (Increase) / decrease in trade (55,515) 89,273 (Scotland) Regulations 2006. The Charity fulfilment of conditions within the charity’s and other receivables meets the definition of a public benefit control, the income is recognised when Decrease in inventories 43,515 5,137 entity under FRS 102. The financial there is sufficient evidence that conditions will be met. Where there is uncertainty Increase / (decrease) in trade statements have been prepared on a 258,302 (35,627) as to whether the charity can meet such and other payables going concern basis. conditions the income is deferred. Disposal of fixed assets 850 2,260 These financial statements consolidate the results of the charitable company d) Income generated from the supply of Cash flows generated from / 269,561 76,579 and its wholly-owned subsidiary Living goods is included in the statement of (used in) operations Streets Services Limited on a line by financial activities (net of VAT) in the NET CASHFLOW FROM line basis. Transactions and balances period in which the supply is made. 1,399,087 271,609 OPERATING ACTIVITES between the charitable company and its Income under contracts for services is subsidiary have been eliminated from included in the financial statements as the consolidated financial statements. entitlement is earned through completion Balances between the two companies are of the contract. CASHFLOWS FROM INVESTING ACTIVITIES: disclosed in the notes of the charitable e) Restricted funds are to be used for company’s balance sheet. A separate specific purposes as laid down by the PURCHASE OF PROPERTY PLANT statement of financial activities, or (1,145) (147,554) donor. Expenditure which meets these AND EQUIPMENT income and expenditure account, for the criteria is charged to the fund. Interest received 6,208 7,732 charitable company itself is not presented because the charitable company has f) Unrestricted funds are donations and 5,063 (139,822) taken advantage of the exemptions other income received or generated for afforded by section 408 of the Companies the charitable purposes. Act 2006. g) Designated funds are unrestricted funds NET INCREASE IN CASH 1,404,150 131,787 The year end results of the Charity in the earmarked by the trustees for particular year is a suplus of £1,299,265 (2019: purposes. surplus £151,484). h) Costs of raising funds relate to the costs AT 1 OCT CASH AT 30 SEP NOTE TO THE CASHFLOW: b) Voluntary income received by way of incurred by the charitable company in 2019 FLOWS 2020 donations and gifts is included in full inducing third parties to make voluntary Cash at bank 2,118,909 1,404,150 3,523,059 in the statement of financial activities contributions to it, as well as the cost of when receivable. Income from legacies any activities with a fundraising purpose. NET CASH 2,118,909 1,404,150 3,523,059 42 43 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
Where information about the aims, m) Fixed assets are stated at cost less q) Stocks are valued at the lower of cost no material uncertainties related to events objectives and projects of the charity accummulated depreciation. and net realisable value on a first in first or conditions that may cast significant is provided to potential beneficiaries, doubt on the ability of the charity to Where parts of a fixed asset have different out basis. the costs associated with this publicity continue as a going concern. The Trustees useful lives, they are accounted for as r) The Financial Statements have been are allocated to charitable expenditure. make this assesment in respect of a period separate items of fixed assets. prepared on a going concern basis. The Where such information about the aims, to 12 months from the date of approval of Trustees assess whether the use of going objectives and projects of the charity is n IT equipment 25% straight line the Financial Statements. concern is appropriate and have identified also provided to potential donors, activity n Office furniture 25% straight line costs are apportioned between fundraising and equipment and charitable activities on the basis of Equipment including computers, furniture area of literature occupied by each activity. and fittings, costing less than £1,000 per INCOME FROM 2 RESTRICTED UNRESTRICTED 2020 2019 i) Investments held as fixed assets are individual items or group of related items CHARITABLE ACTIVITIES: revalued at mid-market value at the is written off in the year of acquisition. £ £ £ £ balance sheet date. The gain or loss for Equipment purchased from revenue the period is taken to the statement of grants in excess of £1,000 is written off in London Councils - Service Level Agreements - 52,586 52,586 93,327 financial activities. full in the year it is acquired. Depreciation Scottish Government Scotland Walking Nation 229,491 - 229,491 317,050 costs are allocated to activities on the j) The charitable company operates a basis of the use of the related assets in Bus Connectivity and Walking Project - - - 90,000 defined contribution pension scheme. The those activities. Assets are reviewed for Housing Association Walking Project - - - 25,000 assets of the scheme are held separately impairment if circumstances indicate from those of the charitable company Out and About, Smarter Choices 92,999 - 92,999 - their carrying value may exceed their net Smarter Places in an independently administered fund. realisable value and value in use. Paths For All Walking Workplaces The pension cost charge represents for Wellbeing 11,752 - 11,752 7,461 contributions payable under the scheme n) Transfers between funds are made when Smarter Choices, Smarter Places - 169,558 169,558 256,329 by the charitable company to the fund. expenditure on a fund has exceeded the (Scottish Government) The charitable company has no liability income generated. Walking Friends Wales 180,774 - 180,774 - under the scheme other than for the o) It is the charity’s policy to provide for Cardiff Streets for Health 25,000 - 25,000 - payment of those contributions. dilapidations for the London office, and DfT Modeshift National Schools Travel Awards - - - 60,000 k) Expenditure is recognised in the period the value of this provision is based on an Go Walking (West Yorkshire Combined - - - 53,912 in which it is incurred. Expenditure estimate of the management team and Authority) includes attributable VAT which cannot trustees. This commitment is to be met in Big Lottery Fund Walking Connects 110,634 - 110,634 222,562 be recovered. Expenditure is allocated the final year of the property lease (on 11 (Scotland) to the particular activity where the cost March 2023 for 2 America Square). Walk To (DfT) 2,473,667 - 2,473,667 2,474,333 relates directly to that activity. However, the Walk To School Outreach 1,000,000 - 1,000,000 943,000 p) Rentals payable under operating leases, support costs and cost of overall direction where substantially all the risks and Travel Tracker - - - 57,000 and administration of each activity, rewards of ownership remain with the Walking Back To School comprising the salary and overhead 1,000,000 - 1,000,000 - lessor, are charged to the statement of costs of the central function, is City Bridge Trust (Redbridge Streets Apart) 33,420 - 33,420 21,200 financial activities on a straight line basis apportioned on the basis of staff time over the minimum lease term. Access West Fund 20-21 - 78,044 78,044 - attributable to each activity. Sustainable Travel Transition Year (STTY) Fund - 69,166 69,166 68,487 l) Governance costs are the costs South Gloucestershire (Access Fund) associated with the governance - 30,348 30,348 74,664 arrangements of the charity. These Local Cycling and Walking Infrastructure Plans (LCWIPs) 23,000 - 23,000 99,069 costs are associated with constitutional and statutory requirements and include Consultancy and business development - 499,542 499,542 410,240 any costs associated with the strategic TOTAL 5,180,737 899,244 6,079,981 5,273,635 management of the charity’s activities.
44 45 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
DIRECT DIRECT SUPPORT TOTAL TOTAL INCOME FROM CHARITABLE ACTIVITIES: RESTRICTED UNRESTRICTED 2019 3 TOTAL EXPENDITURE: STAFF COSTS COSTS COSTS 2020 2019
FOR THE YEAR ENDED 30 SEP 2019 £ £ £ £ £ £ £ £
London Councils - Service Level Agreements - 93,327 93,327 Cost of raising funds 205,022 12,664 8,234 225,920 236,684 Scottish Government Scotland Walking Nation 317,050 - 317,050 Costs of raising 167,904 8,582 30,838 207,324 245,593 Bus Connectivity and Walking Project 90,000 - 90,000 trading income Housing Association Walking Project 25,000 - 25,000 Charitable activities 3,145,914 998,658 797,361 4,941,933 4,972,480 Paths For All Walking Workplaces for Wellbeing 7,461 - 7,461 TOTAL EXPENDITURE 3,518,840 1,019,904 836,433 5,375,177 5,454,757 Smarter Choices, Smarter Places (Scottish Government) - 256,329 256,329 DfT Modeshift National Schools Travel Awards 60,000 - 60,000 Go Walking (West Yorkshire Combined Authority) - 53,912 53,912 TOTAL TOTAL SUPPORT COSTS INCLUDE: Big Lottery Fund Walking Connects (Scotland) 222,562 - 222,562 2020 2019 Walk To (Access Fund 17-20) 2,474,333 - 2,474,333 HR and support costs 324,203 477,615 Walk To School Outreach 943,000 - 943,000 Office & premises costs 231,870 95,316 Travel Tracker 57,000 - 57,000 City Bridge Trust (Redbridge Streets Apart) 21,200 - 21,200 Communications and IT 148,987 166,229 Sustainable Travel Transition Year (STTY) Fund - 68,487 68,487 Finance and Management costs 115,353 171,051 South Gloucestershire (Access Fund) - 74,665 74,664 Governance Costs 16,020 21,774 Local Cycling and Walking Infrastructure Plans (LCWIPs) 99,069 - 99,069 TOTAL 836,433 931,985 Consultancy and business development - 410,240 410,240 TOTAL 4,316,675 956,960 5,273,635 Governance costs include costs of AGM and committee expenses and annual audit fees of £8,600 (2019: £6,875).
4 NET INCOME FOR THE YEAR 2020 2019
THIS IS STATED AFTER CHARGING: £ £
Depreciation 38,253 38,274
Operating lease rental - land and buildings 76,386 39,274
Auditor’s remuneration:
Current year audit fees 8,600 6,875
Current year non - audit fees 325 825
Trustees’ expenses 704 851
Trustees’ expenses during the year to 30 September 2020 represented travel and subsistence costs relating to attendance at meetings for four Trustees (2019: five).
46 47 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
6 TAXATION 5 STAFF COSTS AND NUMBERS: 2020 2019 The charitable company is exempt from corporation tax as all its income is charitable STAFF COSTS WERE AS FOLLOWS: £ £ and is applied for charitable purposes. The Salaries and wages 3,133,199 2,733,648 subsidiary distributes profits to the charity so has no charge to corporation tax. Social security costs 323,469 283,721
Pension contributions 191,299 154,176 7 TANGIBLE FIXED ASSETS Other staff costs 148,365 113,522 OFFICE TOTAL 3,796,332 3,285,067 THE GROUP AND CHARITY IT EQUIPMENT FURNITURE AND TOTAL EQUIPMENT
COST £ £ £
2020 2019 At 1 October 2019 35,125 131,239 166,364
EMPLOYEES EARNING ABOVE £60,000 AS FOLLOWS: No. No. Additions 1,145 1,145
£60,000 - £70,000 2 1 Disposals (1,134) (1,134)
£80,000 - £90,000 1 1 At 30 September 2020 35,136 131,239 166,375
Employers pension contributions in respect of the 3 (2019: 2) employees were £12,587 (2019: £16,766). DEPRECIATION At 1 October 2019 17,820 36,517 54,337
2020 2019 Charge for the year 6,679 31,574 38,253 Disposals (284) (284) THE AVERAGE WEEKLY NUMBER OF EMPLOYEES No. No. (FULL-TIME EQUIVALENT) DURING THE PERIOD WAS AS FOLLOWS: At 30 September 2020 24,215 68,091 92,306 Support 9 7
Charitable activities 67 62 NET BOOK VALUE Cost of raising funds 3 2 At 30 September 2020 10,921 63,148 74,069 Living Streets Services Limited 4 3
TOTAL 83 74 At 30 September 2019 17,305 94,722 112,027
The average head count for the year was 92 (2019: 82). The Key Management Personnel in charge of directing, controlling, running and operating the charity on a day to day basis comprise the Trustees together with the Chief Executive, Senior Director, Director of Local Impact, Director of Finance and Resources, Interim Director of Development, and Director of Policy and Communications. The total remuneration payable to Key Management Personnel during the year was £446,225 (2019 - £474,581).
48 49 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
9 SUBSIDIARY UNDERTAKING 8 INVESTMENTS 2020 2019 The charitable company owns the whole been consolidated on a line by line basis in of the issued ordinary share capital of the statement of financial activities. Available THE GROUP AND CHARITY £ £ Living Streets Services Limited, a company profits are distributed to the charitable Market value at 1 October 2019 177,509 162,503 registered in England and Wales. The company. A summary of the results of the subsidiary is used primarily for non-primary subsidiary is shown below: Unrealised gains 9,636 15,006 purpose trading activities. All activities have
2020 2019 Market value at 30 September 2020 187,145 177,509
£ £
Historic cost of investments 59,734 59,734 Turnover 927,643 1,168,101
Cost of sales (665,181) (716,012)
M&G Charifund units 1,204 1,589 Gross profit 262,462 452,089
COIF Fixed Interest shares 24,574 24,641 Administrative expenses (30,838) (50,546)
COIF Accumulation shares 161,367 151,279 Operating profit 231,624 401,543
TOTAL 187,145 177,509 Retained earnings at the beginning of the year 401,543 357,814
The above investment assets are all in the UK. Distribution (401,543) (357,814) RETAINED PROFIT FOR THE FINANCIAL YEAR 231,624 401,543
THE AGGREGATE OF THE ASSETS, LIABILITIES AND FUNDS WAS: 2020 2019
£ £
Assets 346,695 502,757
Liabilities (115,070) (101,213)
FUNDS 231,625 401,544
The turnover and expenditure shown above includes of all of the subsidiary’s trading activities. The turnover and expenditure shown within the consolidated statement of financial activities and notes to the accounts show the subsidiary’s results excluding the results of intercompany sales.
Company Registration number: 07471406
50 51 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
THE GROUP THE CHARITY THE GROUP THE CHARITY
10 DEBTORS 2020 2019 2020 2019 12 PROVISIONS 2020 2019 2020 2019
£ £ £ £ £ £ £ £
Trade debtors 170,519 169,397 108,760 63,072 Balance as at 1 October 2019 49,020 59,520 49,020 59,520
Prepayments and other debtors 47,307 50,437 46,407 47,935 Released during year (20,000) - (20,000)
Rent deposit 39,869 39,870 39,869 39,869 Provided for during year 6,000 9,500 6,000 9,500 BALANCE CARRIED FORWARD Accrued income 137,981 80,457 137,981 80,457 55,020 49,020 55,020 49,020 AS AT 30 SEPTEMBER 2020 TOTAL 395,676 340,161 333,017 231,333 It is the charity’s policy to provide for dilapidations for the London office, and the value of this provision is based on an estimate of the management team and trustees. This commitment is to be met in the final year of the property lease (in Mar 2023 for 2 America Square). THE GROUP THE CHARITY CREDITORS: 11 2020 2019 2020 2019 AMOUNTS DUE WITHIN ONE YEAR ANALYSIS OF NET RESTRICTED DESIGNATED GENERAL 2020 2019 £ £ £ £ 13 ASSETS BETWEEN FUNDS FUNDS FUNDS TOTAL TOTAL FUNDS FUNDS FUNDS Trade creditors 190,427 104,751 145,721 79,492 £ £ £ £ £ Taxation and social security 133,043 127,787 133,029 117,476 Tangible fixed assets - - 74,069 74,069 112,027 Accruals 163,843 43,415 153,539 39,720 Fixed asset Amount due to subsidiary - 127,412 59,733 187,145 177,509 - - 145,156 36,842 investments undertaking Current assets 2,126,721 890,426 981,676 3,998,823 2,582,673 Deferred income 155,645 114,703 95,600 52,573 Liabilities - - (697,978) (697,978) (439,676) TOTAL 642,958 390,656 673,045 326,103 NET ASSETS AT THE 2,126,721 1,017,838 417,500 3,562,059 2,432,533 END OF THE YEAR
DEFERRED INCOME THE GROUP THE CHARITY
£ £
Opening deferred income 114,703 52,573
Deferred income released from previous years (114,703) (52,573)
Income deferred in the year 155,645 95,600
CLOSING DEFERRED INCOME 155,645 95,600
Deferred income relates to income received in advance for projects that are to be carried out in future periods.
52 53 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
PURPOSES OF RESTRICTED FUNDS engage 2,900 employees of Standard MOVEMENTS AT THE INCOME EXPENDITURE GAINS ON TRANSFERS AT THE 14 START OF INVESTMENTS BETWEEN END OF Life Assurance Limited in Edinburgh in IN FUNDS THE PERIOD FUNDS THE PERIOD These are funds provided to undertake awareness raising and behaviour change activities to promote walking. RESTRICTED FUNDS: £ £ £ £ £ £ specific projects of work. Funds in deficit Scottish Government at the year end will receive income in the Walk To (Access Fund 17-20) 35,722 229,492 (243,929) - - 21,285 Scotland Walking Nation following financial year. In the year to 30 A joint venture with a consortium of 10 local Housing Association 16,915 - (16,915) - - - September 2020 restricted funds included authorities, led by Blackpool Council and Walking Project the following: funded by the Department for Transport’s Big Lottery Fund Walking 109,391 110,634 (139,866) - - 80,159 Access Fund, to deliver a programme of Connects (Scotland) work with schools, post primary institutions Out and About, Smarter Scottish Government Scotland - 92,999 (38,024) - - 54,975 Choices Smarter Places Walking Nation and workplaces to increase walking in to 10 Paths For All Walking Local Authorities across England. (3,491) 11,751 (8,260) - - - Grant from Transport Scotland to promote Workplaces for Wellbeing and raise the profile of walking, the walking Walk To (Access Fund 20-21) Walk To 119,532 1,236,167 (1,355,699) - - - (Access Fund 17-20) environment and the Scottish Government’s Continuation funding received from Walk To role, and deliver interventions to increase Department for Transport to deliver an - 1,237,500 (974,746) - - 262,754 (Access Fund 20-21) walking in schools and communities. additional year of our Walk To project on Walking Back To School - 1,000,000 (34,670) - - 965,330 Housing Association Walking Project behalf of a consortium of 10 local authorities Walk To School Outreach led by Blackpool Council delivering a 661,560 - (661,560) - - - Funding from Cycling Scotland through 19-20 the Social Housing Partnership Fund for programme of work with primary schools, Travel Tracker 19-20 48,774 - (24,477) - - 22,297 Improved Cycling & Walking Facilities to post primary institutions and workplaces. Walk To School Outreach - 1,000,000 (383,103) 616,897 develop a methodology for and deliver audits Walking Back to School 20-21 in partnership with Housing Associations Funding received from Department for City Bridge Trust - 33,420 (29,962) - - 3,458 to identify potential improvements to the Transport to expand the existing Walk To Local Cycling and walking environment. School Outreach project within existing and Walking Infrastructure 31,051 23,000 (30,358) - - 23,693 new partner authorities with an additional 250 Plans (LCWIPs) Big Lottery Fund Walking primary schools, and support additional back Walking Friends Wales (1,909) 180,774 (115,253) - - 63,612 Connects (Scotland) to school comms and activities following the Cardiff Streets for Health - 25,000 (12,738) 12,262 A development grant from the Big Lottery’s Accelerating Ideas fund to explore options summer term lockdown. TOTAL 1,017,545 5,180,737 (4,071,561) - - 2,126,721 RESTRICTED FUNDS and to improve older peoples’ wellbeing Travel Tracker 19-20 through walking, by engaging them Funding from Department for Transport in process of improving their walking for the development of a white-label Travel UNRESTRICTED FUNDS: environment, breaking down perceptions Tracker monitoring tool. Designated funds: around ability to walk and enabling them to Walk To School Outreach 19-20 Development fund 275,846 (139,793) - - 136,053 walk more. Funding received from Department for Hardship fund - 4,373 - - - 4,373 Out and About Transport to continue and extend the delivery Funded by Smarter Choices Smarter Places of Walk to School outreach activities with Legacy Fund - 100,000 - - - 100,000 Open Fund (Paths For All) with match 405 primary schools in six partner local and Stabilisation Fund 100,000 - - - - 100,000 funding from The National Lottery to work combined transport authorities. Revaluation reserve 117,776 - - 9,636 - 127,412 in partnership with older people to increase Walk To School Outreach 20-21 wellbeing through walking and promoting Reserve Fund 350,000 200,000 - - - 550,000 Funding received from Department for sustainable travel for everyday journeys. Total designated funds 843,622 304,373 (139,793) 9,636 - 1,017,838 Transport to continue and extend the delivery Paths For All Walking Workplaces of Walk to School outreach activities with General reserve 571,366 1,009,957 (1,163,823) - - 417,500 for Wellbeing 485 primary schools in six partner local and TOTAL 1,414,988 1,314,330 (1,303,616) 9,636 - 1,435,338 Funding from the Paths For All Smarter combined transport authorities. UNRESTRICTED FUNDS Choices, Smarter Places Open Fund to TOTAL FUNDS 2,432,533 6,495,067 (5,375,177) 9,636 - 3,562,059
54 55 Annual Report and Accounts 2019–20 Annual Report and Accounts 2019–20
City Bridge Trust PURPOSES OF DESIGNATED FUNDS 15 OPERATING LEASE COMMITMENTS A grant to address barriers to walking At 30 September the charity had the following total minimum lease payments under for older people in Redbridge, Havering, These are the funds that the Trustees have non-cancellable operating leases: Barking & Dagenham. set aside for a specific purpose. LAND AND BUILDINGS Local Cycling and Walking Infrastructure Stabilsation fund Plans (LCWIPs) Denotes amount set aside to facilitate a OPERATING LEASES WHICH EXPIRE: 2020 2019 Funding from Sustrans as lead for a smooth transition from the end of the current funding cycle to the next. consortium funded by the Department for £ £ Transport to provide specialist support to Development fund local authorities on embedding Local Cycling Represents funds set aside to spend Within one year 113,800 76,386 and Walking Infrastructure Plans (LCWIPs) on designated projects in the period to After one but within two years 113,800 113,800 within local strategies and delivery plans. end September 2020 only, comprising a Walking Friends Wales comprehensive upgrade of IT systems, new After two years 50,508 164,308 Funding from the Sport Wales Healthy and CRM, income diversification study, enhanced Active Fund to enable older people aged membership and supporter assistance and TOTAL 278,108 354,494 50+ to increase activity through walking and development of Living Streets work in Wales. The current office lease for the London office will expire on 11th March 2023. taking part in led group walks. Hardship fund Cardiff Streets for Health Fund set aside to support staff wellbeing Funding from Cardiff City Council to work in during the Covid 19 pandemic. five neighbourhoods in Cardiff engaging local Legacy fund 16 communities in re-imagining their streets. Received from the estate of a committee RELATED PARTY TRANSACTIONS member which is set aside for training and Living Streets Services Ltd is a wholly owned subsidiary of Living Streets. The subsidiary development of our future pool of young sold goods worth £681,522 (2019: £849,902) to the charity on normal commercial terms diverse talents in the organisation. and reported a profit of £238,723 on all its activities in the year to 30 September 2020 (2019: Revaluation reserve £401,543). An amount of £145,156 (2019: £36,842) was owed to the subsidiary at year end. Represents the unrealised gain included within investments. Reserve fund Denotes the amount prudently set aside to enable an orderly winding up of the charity’s affairs in the unlikely event this should be required.
56 57 Annual Accounts and Trustees Report 2019–20 Annual Report and Accounts 2019–20
17 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2019 (incorporating an income and expenditure account)
INCOME FROM: RESTRICTED UNRESTRICTED 2019
£ £ £
Legacies - 500 500
Donations - 34,715 34,715
Charitable activities 4,316,675 956,960 5,273,635
Activities for raising funds - 318,199 318,199
Investment income - 7,732 7,732
TOTAL INCOME 4,316,675 1,318,106 5,634,781
EXPENDITURE
RAISING FUNDS:
Costs of raising income - 236,684 236,684
Costs of raising trading income - 245,593 245,593
Charitable activities 3,978,788 993,692 4,972,480
TOTAL EXPENDITURE 3,978,788 1,475,969 5,454,757
Net gains/(losses) on investment - 15,006 15,006
NET MOVEMENT IN FUNDS 337,887 (142,857) 195,030
TOTAL FUNDS BROUGHT FORWARD 679,658 1,557,845 2,237,503
TOTAL FUNDS CARRIED FORWARD 1,017,545 1,414,988 2,432,533
58 59 LIVINGSTREETS.ORG.UK [email protected] CALL: 020 7377 4900
Living Streets (The Pedestrians’ Association) is a Registered Charity No. 1108448 (England and Wales) and SC039808 (Scotland), Company Limited by Guarantee (England & Wales), Company Registration No. 5368409. Registered office America House, 2 America Square, London, EC3N 2LU. 60