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<strong>Review</strong> <strong>2005</strong>
Contents<br />
04 Michael Schumacher interview<br />
08 Think Before You Drive 12 Forests for F1 14 Motor Sport Marshals<br />
01 Introduction -<br />
Rosario Alessi,<br />
Chairman<br />
02 Overview - David Ward,<br />
Director General<br />
04 Safety Champion:<br />
Interview with<br />
Michael Schumacher<br />
06 Keeping Up The Pressure<br />
- Global Road Safety<br />
08 Think Before You Drive<br />
10 Think Before You Drive<br />
- The Story So Far<br />
12 Forests for Formula One<br />
14 Motor Sport Marshals<br />
16 The Road Inspectors<br />
18 International Policy<br />
Forum <strong>2005</strong><br />
20 Activities Roundup<br />
22 Abridged Accounts<br />
36 Board of Trustees and<br />
Staff
Introduction - Rosario Alessi, Chairman<br />
Strong partnerships are at the heart of the work of the <strong>FIA</strong> <strong>Foundation</strong>. We<br />
are fortunate to enjoy valuable links with our membership of automobile clubs<br />
across the world, and the many committed campaigners and researchers in<br />
these motoring organisations ensure that the <strong>FIA</strong> <strong>Foundation</strong>’s activities are<br />
rooted in local knowledge and realities.<br />
Our international partnerships are equally vital. In the area of road safety our continuing cooperation with the<br />
World Health Organisation and other United Nations agencies is paying dividends through greater efficiency<br />
and focus in how the international community tackles road traffic injuries. In the environmental field the <strong>FIA</strong><br />
<strong>Foundation</strong> is proud to support the United Nations Environment Programme’s Partnership for Clean Fuels and<br />
Vehicles, leading the campaign for a cleaner environment across the developing world.<br />
In <strong>2005</strong> the <strong>FIA</strong> <strong>Foundation</strong> has also been working in partnership with Bridgestone Corporation on a worldwide<br />
road safety advice campaign, ‘Think Before You Drive’. We are grateful for the support of the Ferrari Formula<br />
One team, and in particular Michael Schumacher and Rubens Barrichello, in helping to bring the messages of<br />
this campaign to the widest possible audience.<br />
Our <strong>2005</strong> <strong>Review</strong> reflects the vitality and range of all these partnerships, and on behalf of my fellow trustees I<br />
would thank every individual and organisation who has worked with the <strong>FIA</strong> <strong>Foundation</strong> to deliver our charitable<br />
objectives this year.<br />
Rosario Alessi<br />
Chairman<br />
<strong>FIA</strong> <strong>Foundation</strong><br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> |
King Juan Carlos II of Spain meets the <strong>FIA</strong> <strong>Foundation</strong> crash test dummy at the launch of Think Before You Drive
Overview - David Ward, Director General<br />
Maintaining momentum in global road<br />
safety through international and<br />
local action has been the central<br />
theme of the <strong>FIA</strong> <strong>Foundation</strong>’s activities<br />
in <strong>2005</strong>.<br />
We have played a leading role in the new United<br />
Nations Road Safety Collaboration, mandated by the<br />
UN General Assembly in 2004, which brings together<br />
all the major stakeholders in global road safety. This<br />
body has identified key road injury ‘risk factors’ as a<br />
priority for collective action and the <strong>FIA</strong> <strong>Foundation</strong> is<br />
involved in developing the practical tools needed to<br />
tackle road traffic injuries.<br />
These risk factors are also at the heart of the <strong>FIA</strong><br />
<strong>Foundation</strong>’s global campaign ‘Think Before You<br />
Drive’, in partnership with Bridgestone Corporation<br />
and automobile clubs. Seat belt use, drink driving<br />
and speed are all factors covered by the three year<br />
campaign, which has so far been launched in several<br />
countries in Europe and southern Africa, and in Brazil<br />
with the additional welcome support of Shell.<br />
The <strong>FIA</strong> <strong>Foundation</strong> has continued to enable groundbreaking<br />
research through our grant programme. The<br />
effectiveness of high visibility clothing in reducing injuries<br />
amongst motorcyclists in Malaysia; the potential<br />
for new vehicle technologies to prevent crashes;<br />
and the development of safety protocols for child restraints:<br />
just some of the ongoing research projects<br />
which should demonstrate real benefits for road safety,<br />
and sit alongside our continuing support for car<br />
crash tests and independent highway assessments.<br />
Active in environmental policy, the <strong>FIA</strong> <strong>Foundation</strong><br />
has funded emissions testing of new cars by the<br />
ADAC and an evaluation of fuel efficiency policies by<br />
the European Conference of Ministers of Transport.<br />
We continue to devote significant resources to motor<br />
sport safety through the new <strong>FIA</strong> Institute for Motor<br />
Sport Safety, which is managing an exciting portfolio<br />
of technological research, as well as leading practical<br />
safety and medical training for the officials and volunteers<br />
who are essential to ensure motor sport events<br />
are enjoyable and safe.<br />
More details on the projects and issues highlighted<br />
in <strong>Review</strong> <strong>2005</strong>, and information on all the <strong>FIA</strong> <strong>Foundation</strong>’s<br />
activities, can be found on our website www.<br />
fiafoundation.com<br />
David Ward<br />
Director General<br />
<strong>FIA</strong> <strong>Foundation</strong><br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> |
Road Safety Champion<br />
Seven times Formula One World<br />
Champion Michael Schumacher tells<br />
the <strong>FIA</strong> <strong>Foundation</strong> why road safety is<br />
so important to him.<br />
Q: Why are you concerned by road safety?<br />
A: I was shocked to learn that more than 1.2 million<br />
people are killed every year on the roads. That is more<br />
than three thousand people every day. Or think of it<br />
another way – it’s the equivalent of the entire crowd at<br />
a Formula One race being killed every month. Casualties<br />
are still rising steeply in many parts of the world<br />
and are predicted to almost double in some developing<br />
countries. So we can and should all do more to<br />
prevent these tragic deaths and injuries.<br />
| <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
Q: You have been supporting the <strong>FIA</strong> <strong>Foundation</strong>’s<br />
Think Before You Drive campaign this year.<br />
Why do you think the campaign is important?<br />
Q: One of the key messages of the campaign covers<br />
seat belt use. Can you explain why seat belts<br />
are so important?<br />
A: I have been very pleased to support this campaign<br />
at several Grand Prix races, and I was always<br />
open to support similar campaigns in the years before.<br />
The messages are simple but essential: wearing<br />
seat belts, using head restraints correctly, checking<br />
tyre condition. As a professional racing driver I know<br />
that my safety is the first priority. I always follow these<br />
basic safety measures on the track and on the road.<br />
But there are millions of people who probably never,<br />
or rarely, think about these things. If I can in a way<br />
help them, or remind them, that has to be a good<br />
thing.<br />
A: As a Formula One driver, I know that my seat belt<br />
is vital to keep me safe in a race. As a car driver,<br />
I know that my seat belt is just as vital to keep me<br />
safe on the road. If I have a collision my seat belt can<br />
make the difference between life and death. It´s as<br />
simple as this.<br />
Child seats are also vital. Children should always be<br />
safely restrained in a suitable car seat or seat belt.<br />
That is the least you can do to protect them in a<br />
car.<br />
“My seatbelt can make the difference between life<br />
and death. It’s as simple as this”<br />
Q: As a racing driver you are associated with high<br />
profile, high speed driving. Are you really an appropriate<br />
figurehead for a road safety campaign?<br />
A: Road safety is a vital concern for everyone. As a<br />
professional racing driver, I demand and expect the<br />
highest possible safety standards in my racing car<br />
and on the track. We should all expect the same attention<br />
to safety in our cars and on our roads – and<br />
we should be well aware about the difference of moving<br />
on a racing track or on normal streets.<br />
It is also important to stress that every driver, even<br />
Formula One world champions, can make mistakes<br />
and every driver should be aware of their limitations<br />
and not take risks. It is a particularly important message<br />
for young male drivers who are most at risk on<br />
the road and also the biggest fans of motor racing. If<br />
I can help to make just some of these people listen to<br />
road safety messages and think about then and act<br />
on them, then my participation in the campaign will<br />
be worthwhile.<br />
Q: Tyres are a vital safety component that are often<br />
overlooked and neglected by drivers. How important<br />
is tyre maintenance?<br />
A: On the race track, as anyone who has followed<br />
Formula One this season will know, the performance<br />
of tyres can make the difference between winning<br />
and losing, and is also vital for safety. On the road,<br />
the performance of your tyres could make the difference<br />
between living and dying.<br />
You need to check tyres regularly, at least once a<br />
month. Check the tyre pressure, check the condition<br />
of the tyres, make sure there are no cracks or tears<br />
and the tread depth is okay. That´s already it.<br />
Q: Another message of this campaign is that<br />
head restraints play an important role in preventing<br />
whiplash injuries. What advice can you give<br />
about this?<br />
A: In Formula One we take neck protection very seriously.<br />
All drivers wear the HANS system for head<br />
and neck protection, which has helped to reduce or<br />
prevent a lot of injuries.<br />
Head restraints in passenger cars play an equally<br />
important role. Whiplash is a very common and very<br />
painful injury. Adjusting your head restraint so that the<br />
top of the restraint is level with the top of your head,<br />
and as close as possible to the back of your head,<br />
can help prevent these injuries. You should check<br />
your head restraint every time you get in the car.<br />
Q: You’ve talked about rising traffic deaths in developing<br />
countries. But the trend in the rich industrialised<br />
countries – including most of the places<br />
that host grand prix meetings – has been falling<br />
deaths and injuries for decades. Do you think<br />
there is still a need for this kind of road safety<br />
campaign in Europe, Australia or the US?<br />
A: You can never be complacent about safety. That is<br />
as true on the race track where we are probably the<br />
most heavily regulated drivers in the world, as on the<br />
road. Too many people are still being killed, even in<br />
the countries with the best safety records, like UK and<br />
Sweden. So the messages of this campaign; on tyre<br />
safety and seat belts, but also on speeding and drink<br />
driving, need to be heard and understood.<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> |
Keeping Up The Pressure<br />
A new alliance is being forged to tackle the<br />
hidden epidemic of global road traffic injuries.<br />
The UN Collaboration is the first of its kind for road safety, mandated<br />
by a 2004 UN General Assembly resolution to bring together key<br />
players from a range of sectors including health, road safety, child<br />
protection and transport.<br />
The Collaboration, coordinated by the WHO, includes all five UN<br />
regional economic commissions and other UN agencies such as<br />
UNICEF, as well as a number of NGOs – including the <strong>FIA</strong> <strong>Foundation</strong>.<br />
Topping the agenda: how the group can effectively work for global<br />
road safety<br />
The outcome: an action plan to address the core road crash ‘risk<br />
factors’, as identified by the WHO/World Bank world report on road<br />
traffic injury prevention. These include non use of seat belts or motorcycle<br />
helmets, inappropriate speed and drink driving<br />
Thousands of lives could be saved if only countries with poor road<br />
safety records have access to information, experience and initiatives<br />
that can help them to tackle the causes of road traffic injuries.<br />
So a series of best practice road safety manuals are now being developed<br />
based on the <strong>FIA</strong> <strong>Foundation</strong>’s highly successful Seat Belt<br />
Toolkit. These guides will be targeted primarily towards road safety<br />
policy makers in those middle and low income countries that bear<br />
the highest burden of road casualties.<br />
“We are perfectly aware of the immensity of the challenge and the<br />
implications’, says Jose Capel Ferrer, Director of the Transport Division<br />
of the UN Economic Commission for Europe. “But I am confident<br />
that we have contributed to success in road safety in other<br />
countries, and that we can also succeed at the global level. We are<br />
ready to cooperate with the WHO and with other regional commissions<br />
in tackling this problem and we are firmly committed to do<br />
whatever we can”.<br />
Raising political awareness of road safety will be vital if the practical<br />
tools now being developed are to be accepted and used by governments<br />
across the world. To that end, the UN Road Safety Collaboration<br />
is backing the first ever UN Global Road Safety Week, in April<br />
2007.<br />
The coalition for global road safety is keeping up the pressure for<br />
international action on road traffic injuries.<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> |
Think Before You Drive<br />
What do a globetrotting crash test dummy, the<br />
world’s most famous motor racing team and the<br />
King of Spain have in common?<br />
The answer: they have all backed the Think Before You Drive campaign,<br />
a worldwide road safety initiative led by the <strong>FIA</strong> <strong>Foundation</strong><br />
and Bridgestone Corporation, together with motoring organisations<br />
across the globe, which aims to raise awareness of simple road<br />
safety measures, like using a seat belt or reducing speed, that can<br />
help prevent, or potentially reduce the injury severity of, a crash.<br />
The messages of Think Before You Drive are consistent with many<br />
of the key ‘risk factors’ identified by the WHO / World Bank World<br />
Report on road traffic injury prevention in 2004, and which are now<br />
the focus of activity for the United Nations Road Safety Collaboration.<br />
The campaign, announced by <strong>FIA</strong> President Max Mosley and Bridgestone<br />
President Shigeo Watanabe at the Geneva International Motor<br />
Show in March <strong>2005</strong>, was launched at the Spanish Grand Prix in<br />
Barcelona with a high profile press conference attended by Ferrari<br />
Formula One drivers Michael Schumacher and Rubens Barrichello.<br />
The campaign gained its first royal endorsement when King Juan<br />
Carlos II of Spain stopped to chat with the Think Before You Drive<br />
crash test dummy, who acts as the campaigns ‘road safety expert’.<br />
The campaign was launched in seven European countries during<br />
the summer of <strong>2005</strong>, with automobile clubs in each country taking<br />
the messages of Think Before You Drive out on the road, to shopping<br />
malls, exhibitions and town squares. Millions of safety advice<br />
booklets were distributed, often with the active support of local traffic<br />
police. Safety experts from Bridgestone checked tyre pressures and<br />
condition at a number of locations. At several Formula One grand<br />
prix events, press briefings have been held with Michael Schumacher<br />
and Rubens Barrichello, whose commitment to publicising road<br />
safety has ensured widespread media coverage.<br />
Africa got in on the act in September, with the campaign launching<br />
in Kenya and Mauritius. Automobile clubs in Uganda, Mozambique,<br />
Ghana and Botswana are also participating during <strong>2005</strong>, while the<br />
Automobile Association of South Africa kicked off its major campaign<br />
in October <strong>2005</strong>.<br />
The campaign took to the streets of Brazil in September, with a<br />
launch by the Automobile Association of Brazil in Sao Paulo, followed<br />
by events at the Interlagos circuit during the Brazilian Grand<br />
Prix. China, Australia and and a number of Asian, Central and South<br />
American countries are set to join in 2006.<br />
‘Think Before You Drive’ – coming soon to a street near you!<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> |
Think Before You Drive...The Story So Far<br />
Geneva Motor Show<br />
March <strong>2005</strong><br />
Global Launch - Spanish Grand Prix<br />
May <strong>2005</strong><br />
<strong>FIA</strong> President Max Mosley<br />
and Bridgestone CEO<br />
Shigeo Watanabe<br />
announce a partnership for<br />
road safety, Think Before<br />
You Drive.<br />
Ferrari Formula One stars<br />
Michael Schumacher and<br />
Rubens Barrichello launch the<br />
Think Before You Drive<br />
campaign with the Royal<br />
Automobile Club of Catalonia<br />
(RACC).<br />
King Juan Carlos II of Spain<br />
backs Think Before You Drive<br />
as he meets our crash test<br />
dummy, the icon of the<br />
campaign.<br />
<br />
<br />
01<br />
02<br />
Austria<br />
June <strong>2005</strong><br />
United Kingdom<br />
July <strong>2005</strong><br />
Spain<br />
July <strong>2005</strong><br />
Vienna’s Baby Expo is the<br />
launch site for the Austrian<br />
Think Before You Drive<br />
campaign, led by Austrian<br />
automobile club, OAMTC.<br />
The crash test dummy<br />
dispenses advice to parents.<br />
Police officers check out the<br />
<strong>FIA</strong> <strong>Foundation</strong> seat belt<br />
slide at the British Grand<br />
Prix. Hundreds of thousands<br />
of booklets are distributed<br />
via motorway service station<br />
Moto, in a campaign spearheaded<br />
by the RAC<br />
<strong>Foundation</strong>.<br />
The start of the summer<br />
holiday getaway is the cue<br />
for the Royal Automobile<br />
Club of Spain (RACE) to<br />
advise on seat belt use,<br />
launching Think Before You<br />
Drive with the Spanish<br />
Directorate-General for<br />
Road Traffic.<br />
03<br />
04<br />
05<br />
10 | <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
Germany<br />
August <strong>2005</strong><br />
Hungary<br />
August <strong>2005</strong><br />
Belgium<br />
September <strong>2005</strong><br />
Bridgestone’s road safety<br />
teams check tyre pressures<br />
at shopping centres around<br />
the country as national<br />
sporting hero Michael<br />
Schumacher kicks off the<br />
German campaign, led by<br />
German auto club AvD.<br />
Rubens Barrichello briefs<br />
journalists in the Bridgestone<br />
motor home at the<br />
Hungarian Grand Prix at the<br />
start of the nationwide<br />
campaign organized by<br />
Magyar Autoklub (MAK).<br />
Cycling hero Eddy Merckx<br />
joins Michael Schumacher<br />
at Spa to support the Royal<br />
Automobile Club of Belgium<br />
(RACB) in promoting Think<br />
Before You Drive. Belgium’s<br />
traffic police are also<br />
mobilised to support the<br />
campaign.<br />
06 07 08<br />
Italy<br />
September <strong>2005</strong><br />
Kenya<br />
September <strong>2005</strong><br />
Brazil<br />
September <strong>2005</strong><br />
Rubens Barrichello briefs<br />
journalists at Monza, in<br />
advance of the Automobile<br />
Club of Italy’s (ACI) launch<br />
of its Think Before You Drive<br />
campaign at an international<br />
road safety conference in<br />
October.<br />
In a country which can ill afford<br />
the human and<br />
economic cost of road<br />
crashes, transport minister<br />
Chris Murungaru supports<br />
David Njoroge, Director of<br />
the AA of Kenya, in<br />
promoting the vital road<br />
safety messages of Think<br />
Before You Drive.<br />
Local hero Rubens<br />
Barrichello teams up with<br />
fellow F1 driver Tiago<br />
Monteiro in Sao Paulo, to<br />
drive home the message of<br />
the Automobile Association<br />
of Brazil’s campaign.<br />
09 10<br />
11<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 11
Forests for Formula One<br />
Tackling global warming requires international<br />
treaties, lifestyle changes, complex technology<br />
and political determination.<br />
But farmers in Mexico have a role to play too.<br />
Carbon emissions from two motor sport championships, Formula<br />
One and the World Rally Championship, are offset through humble<br />
tree planting in the province of Chiapas, in southern Mexico, in a<br />
project supported by the <strong>FIA</strong> <strong>Foundation</strong>.<br />
Carbon emissions from the transportation and racing associated with<br />
the championships’ season is calculated by climate change experts<br />
from Edinburgh Climate Change Management (ECCM). The <strong>FIA</strong><br />
<strong>Foundation</strong> then purchases sufficient carbon sequestration credits<br />
to offset this carbon footprint. Carbon sequestration works by storing<br />
“captured carbon” in trees and woody vegetation as woody biomass<br />
which then releases oxygen into the atmosphere.<br />
The carbon sequestration project Chiapas, known as ‘Scolel Té’, was<br />
established with support from the UK Department for International<br />
Development, and is recognised by the Mexican and US Governments,<br />
and by the United Nations Environment Programme (UNEP).<br />
The local community is central to the project and has organised a<br />
community assembly to ensure the forestry and agro-forestry activities<br />
that are part of the project are planned by local people and<br />
respond to local needs. Farmers on the project have benefited by<br />
being able to establish new forests on unproductive or deforested<br />
land.<br />
“We have organised the use of the land in our community much<br />
better”, says local farmer Domingo Hernańdez Jimeńez. “We have<br />
now defined areas of damaged forest to be restored and have also<br />
established a protected area around the springs that provide water<br />
to the community. Most of us are also changing the way we cultivate<br />
our land, we have stopped burning the brush and straw and have<br />
started to make barriers to conserve the soil. We have seen that<br />
these things work and that the crops are producing more now”.<br />
It is hoped that carbon sequestration through projects such as this<br />
will provide a useful contribution as part of a broader climate change<br />
strategy. The project has been cited as a model for responsible carbon<br />
sequestration by forestry, with one of its principle benefits being<br />
the developmental support provided to local foresters in a region<br />
experiencing high levels of poverty and childhood malnutrition.<br />
And the <strong>FIA</strong> <strong>Foundation</strong> is in good company in its support for carbon<br />
sequestration. Other purchasers of Scolel Té carbon credits have<br />
included the World Economic Forum and rock bands Pink Floyd and<br />
Coldplay.<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 13
Motor Sport Marshals<br />
They are the unsung heroes of every motor sport<br />
event, from glamorous Formula One grand prix<br />
to local car rally: the safety marshals.<br />
Race marshals play a vital role in ensuring that motor sport events<br />
are safe and enjoyable, for both drivers and spectators. Now the<br />
<strong>FIA</strong> Institute for Motor Sport Safety is working to raise the training<br />
standards of safety officials across the world.<br />
One of the major goals of the new <strong>FIA</strong> Institute is to foster improvements<br />
in motor sport safety through maintaining the training of officials,<br />
circuit and race personnel in safety procedures, practice and<br />
use of equipment.<br />
As part of this process, the <strong>FIA</strong> Institute launched the first pan-regional<br />
safety training seminar for motor sport officials in Venezuela<br />
earlier this year. Currently training for motor sport marshals and<br />
safety officials tends to be undertaken by local national sporting authorities.<br />
Training methods can vary widely from country to country.<br />
Some are of the highest quality whilst others do not meet optimum<br />
safety levels, especially in regions that have relatively little experience<br />
of hosting motor racing events.<br />
The seminar, which took place over three days in Caracas, sought<br />
to bring together the national associations of NACAM - representing<br />
North America, Central America and Mexico – into one forum that<br />
would raise motor sport safety standards across the whole region.<br />
The idea was to improve safety in the participating countries to the<br />
levels expected by the major motor sport markets. The ultimate objective<br />
is to save lives.<br />
Attended by around 70 senior motor sport officials across the fourteen<br />
countries of NACAM, including countries such as Mexico, Costa<br />
Rica, Puerto Rico and Cuba, the seminar shared the motor sport<br />
safety knowledge and expertise of experienced motor racing officials<br />
with the participants, who are then expected to take that knowledge<br />
back to their home countries and educate their own members.<br />
It is hoped that these seminars could ultimately lead to the creation<br />
of centres of best practice for training marshals in each region of<br />
the world. These centres would ensure that safety standards are<br />
at optimum levels in every country that hosts even the most minor<br />
motor racing event and not just those regions with a rich motor sport<br />
heritage.<br />
For the <strong>FIA</strong> Institute, it is one more step towards raising safety standards<br />
for motor sport worldwide.<br />
For more information on the work of the <strong>FIA</strong> Institute for Motor Sport<br />
Safety, which is funded by the <strong>FIA</strong> <strong>Foundation</strong>, see<br />
www.fiainstitute.com.<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 15
The road inspectors<br />
How safe are the roads you drive on?<br />
These days we all expect five star safety standards from our cars,<br />
and the role of human error in causing traffic collisions is well known.<br />
Less appreciated has been the importance of safe road design in<br />
preventing or reducing the impact of crashes.<br />
But now the spotlight has been turned on road design, thanks to a<br />
dedicated team of road safety experts who have developed the concept<br />
of the Road Assessment Programme (RAP), with funding from<br />
the <strong>FIA</strong> <strong>Foundation</strong>, the European Commission, Toyota and ACEA.<br />
The risk of death or crippling injury can vary tenfold on different roads<br />
in the same country. The public, politicians and road engineers must<br />
be able to see clearly where the roads with unacceptably high risk<br />
are - and be guided to what can be done to put them right. This is the<br />
aim of the International Road Assessment Programme (iRAP), an<br />
initiative led by motoring organisations around the world, supported<br />
by major national road authorities.<br />
Beginning with EuroRAP, the iRAP team has provided the first independent,<br />
consistent safety ratings of roads across European borders.<br />
Already thousands of road stretches across Europe have been<br />
assessed.<br />
Simple risk mapping shows where the high risk roads are. And<br />
sometimes the cost of saving lives can be as little as the paint to<br />
provide clear road markings, so that drivers can read the road, or<br />
safety fencing to stop people being killed time after time by hitting<br />
the same trees close to the roadside.<br />
Euro RAP also aims to stimulate competition in providing the safest<br />
roads. With EuroRAP, road engineers can see clearly how well - or<br />
badly - their roads are performing compared with others both within<br />
and outside their own countries. And the public can see how quickly<br />
- or not - high risk roads are being fixed.<br />
The methods developed through EuroRAP are already being applied<br />
in Australia and piloted in the USA, with <strong>FIA</strong> <strong>Foundation</strong> support.<br />
The Australian Automobile Association has formed the Australian<br />
Road Assessment Programme (AusRAP) and published its first<br />
report in November 2004 mapping the risk of casualty crashes on<br />
the rural links of the Australian National Highway System.<br />
In the US a pilot programme inspired by EuroRAP is currently being<br />
carried out by the AAA <strong>Foundation</strong> with a view to help create public<br />
support for higher funding to upgrade data systems and make road<br />
safety improvements. The pilot programme has adopted EuroRAP<br />
protocols whilst adapting them to the US.<br />
The next challenge will be to translate the RAP risk mapping and<br />
design protocols to countries with greater road traffic injury problems<br />
than the developed West. The potential rewards from safe<br />
road design, in terms of lives saved and injuries prevented, could be<br />
counted in the hundreds of thousands.<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 17
International Policy<br />
Forum <strong>2005</strong><br />
A crashed car stands in the forecourt of Quince<br />
Orchard High School, Washington D.C.<br />
Once driven by a former pupil, it stands as a sombre warning of the<br />
dangers facing young, inexperienced drivers.<br />
It is 16-24 year olds who are the biggest at risk group in terms of<br />
road traffic crashes. For this age group car crashes are the leading<br />
cause of death. In OECD countries alone it is estimated that over<br />
9,000 16-24 year olds were killed in 2003. Measures to reduce their<br />
risk was the focus of the <strong>FIA</strong> <strong>Foundation</strong>’s <strong>2005</strong> Policy Forum, held<br />
in Budapest.<br />
Discussion at the annual Policy Forum, held in Budapest, centred on<br />
the types of risks encountered by young drivers, why young drivers<br />
are most at risk; the need for better support and training both pre<br />
and post driving licence; and initiatives taken by automobile clubs to<br />
mitigate the risks to young drivers.<br />
John White, Head of the OECD / ECMT Transport Research Centre,<br />
outlined the key elements that put young drivers at risk as being age<br />
and physiological development, inexperience, and the increased<br />
likelihood of young drivers undertaking high risk activities such as<br />
speeding, driving at night, driving under the influence of alcohol and<br />
driving without wearing a seat belt.<br />
Other expert speakers including Nick Sanders, from the International<br />
Commission of Driver Testing Authorities (CIECA), and Anders<br />
Nyberg, from the Swedish National Road and Transport Research<br />
Institute, spoke of the role of post licence training as an effective<br />
way of supporting young and novice drivers during the vulnerable<br />
post-licence period.<br />
The Forum also heard about initiatives undertaken by the automobile<br />
clubs to improve safety for young drivers. Susan Pikrallidas from the<br />
American Automobile Association (AAA) described the successful<br />
campaign for a graduated driver’s licence, an initiative which thanks<br />
to AAA is now law in every State in the US. In stark contrast Petro<br />
Kruger from the AA South Africa spoke of the obstacles South Africa<br />
faces in terms of achieving effective driver licensing and training.<br />
Beate Pappritz, from German automobile club ADAC, presented an<br />
initiative to highlight to young drivers the risks of alcohol impaired<br />
driving. Anne Morphett, a policy advisor to the Australian club NRMA,<br />
described some of the marketing techniques used to communicate<br />
road safety messages to young people.<br />
An edited transcript of the Policy Forum is available from the <strong>FIA</strong><br />
<strong>Foundation</strong> and via www.fiafoundation.com.<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 19
Activities roundup<br />
<strong>FIA</strong> <strong>Foundation</strong> backs India’s first mobile Crash Lab<br />
Nine people are killed and 39 are injured on India’s<br />
roads every hour yet the causes of 80 to 90% of road<br />
crashes in the country are never known.<br />
These are the statistics that inspired the Institute of<br />
Road Traffic Education (IRTE) in Delhi to develop<br />
India’s first mobile collision investigation and analysis<br />
laboratory, or “Crash Lab”, which was unveiled in<br />
Delhi in January <strong>2005</strong>.<br />
Co-funded by the <strong>FIA</strong> <strong>Foundation</strong>, the Crash Lab is a<br />
vehicle equipped with a hi-tech camera and computer<br />
software which is used to investigate the causes<br />
of a crash. The IRTE team are transported to the<br />
scene of a collision where they get to work collecting<br />
data on where the vehicle has been hit, marks that<br />
have been left on the road, injuries to occupants, the<br />
construction of the road and the traffic patterns of the<br />
spot where the crash occurred. The data is then fed<br />
into the computer and a 3 dimensional picture is<br />
prepared.<br />
President of the IRTE, Rohit Baluja, says the 3D images have provided major benefits to the police and road<br />
safety authorities in their investigations of the causes of crashes. The crash lab is currently being used as part<br />
of a risk assessment of the Delhi-Mumbai highway.<br />
Road Safety films<br />
Two new advocacy films have been issued by the <strong>FIA</strong> <strong>Foundation</strong>. ‘Think Global: moving road safety forward’<br />
details recent developments in global road safety at the United Nations; the focus on key injury ‘risk factors’<br />
with reference to experience in India, Costa Rica and the US; and the <strong>FIA</strong> <strong>Foundation</strong>’s Think Before You Drive<br />
campaign. ‘India: improving road safety at street level ‘ features Delhi, a city grappling with rapid traffic growth<br />
and a heavy injury toll. Both films, produced by Richard Stanley Productions, can be viewed on the <strong>FIA</strong> <strong>Foundation</strong>’s<br />
website www.fiafoundation.com<br />
Guide on post injury care published by WHO<br />
The Crash Lab at its launch in Delhi<br />
A handbook on pre hospital trauma care has been published by the World Health<br />
Organisation, with the support of the <strong>FIA</strong> <strong>Foundation</strong>, NHTSA and CDC. A guide<br />
for policymakers, the handbook focuses on establishing pre hospital trauma<br />
care systems in middle and low income countries. According to WHO estimates,<br />
every year approximately 5 million people worldwide die from injuries, with road<br />
traffic injuries the leading cause of death.<br />
20 | <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
Participating in policymaking<br />
The <strong>FIA</strong> <strong>Foundation</strong> is working alongside government officials from a number of countries on two OECD expert<br />
working groups, examining road safety strategy and speed management respectively. The <strong>Foundation</strong> also<br />
continues to be an active participant in the World Forum for Harmonization of Vehicle Regulations and the<br />
Working Party on Road Traffic Safety, both at the UN-ECE in Geneva. A report for the European Conference of<br />
Ministers of Transport (ECMT) on the effectiveness of transport policies for CO2 reduction is being co-funded<br />
by the <strong>FIA</strong> <strong>Foundation</strong>. The report will be published by ECMT in 2006.<br />
Wheels to work?<br />
A new report on the role of transport in improving access to employment for socially excluded communities is<br />
published by the <strong>FIA</strong> <strong>Foundation</strong> in autumn <strong>2005</strong>. The Transport & Social Exclusion report examines transport<br />
projects in California, the UK and France to assess what type of transport provision offers value for money and<br />
is effective in helping disadvantaged people obtain and keep jobs. The report was researched by the Universities<br />
of Westminster, Paris and California.<br />
Costa Rica claims 58% seat belt rise<br />
Front seat belt wearing rose by 58% as a result of the seat belt<br />
awareness campaign and new legislation introduced in Costa<br />
Rica. The survey results, updating a pre-campaign survey, demonstrated<br />
the effect of high profile advertising coupled with police<br />
enforcement and media coverage of the issue. Formula One star<br />
Juan Pablo Montoya visited Costa Rica on behalf of the <strong>FIA</strong> <strong>Foundation</strong><br />
in December 2004 to promote the findings of the campaign<br />
evaluation. Maintaining these improvements in seat belt<br />
compliance will be the next challenge.<br />
Seat belts in South Africa …and India<br />
Juan Pablo Montoya visited Costa Rica<br />
The <strong>FIA</strong> <strong>Foundation</strong>’s crash test dummy icon was used as the mascot for a major seat belt awareness campaign<br />
in South Africa over the 2004/05 New Year summer holiday. Information packs based on the crash test<br />
dummy and educational materials from the <strong>FIA</strong> <strong>Foundation</strong>’s seat belt toolkit were distributed at petrol stations<br />
in the campaign led by the AA of South Africa. The campaign was also supported with adverts on radio stations<br />
and features in large circulation magazines. The <strong>FIA</strong> <strong>Foundation</strong>’s short animated films, featuring the crash test<br />
dummies, were later shown on TV channel SABC2 during <strong>2005</strong>.<br />
The <strong>FIA</strong> <strong>Foundation</strong>’s seat belt toolkit was also the subject of a high level seminar in India. The workshop, held<br />
in January <strong>2005</strong>, was organised by the Indian Institute of Road Traffic Education (IRTE) with the support of the<br />
Indian Government, and brought together police and transport officials from across India to discuss strategies<br />
for improving use of motorcycle helmets and seat belts. The <strong>FIA</strong> <strong>Foundation</strong>’s Director General, David Ward,<br />
participated in the workshop.<br />
For more information about our activities, visit www.fiafoundation.com<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 21
<strong>FIA</strong> <strong>Foundation</strong> for the Automobile and Society<br />
Financial Statements for the year ended 31 December 2004<br />
These summarised accounts, which are not the charitable company’s statutory accounts, may not contain sufficient<br />
information to allow for a full understanding of the financial affairs of the charity. For further information,<br />
the full annual accounts, the independent auditors’ report on those accounts and the Trustees’ Annual Report<br />
should be consulted. Copies of these accounts can be obtained, free of charge, from the <strong>FIA</strong> <strong>Foundation</strong> for<br />
the Automobile and Society, 60 Trafalgar Square, London, WC2N 5DS, or from the <strong>FIA</strong> <strong>Foundation</strong>’s website<br />
www.fiafoundation.com<br />
Statement of the Trustees<br />
We confirm that the extracts are a summary of information relating to both the Statement of Financial Activities<br />
and Balance Sheet from the annual accounts. The annual accounts were approved at the Board of Trustees<br />
meeting on 29 June <strong>2005</strong>. The independent auditors’ report, as given on 29 June <strong>2005</strong> by Grant Thornton UK<br />
LLP. on the full accounts was unqualified.<br />
Signed on behalf of the Trustees<br />
J Dawson<br />
29 June <strong>2005</strong><br />
Statement of the Independent Auditors to the trustees of the <strong>FIA</strong> <strong>Foundation</strong> for the<br />
Automobile and Society<br />
We have examined the summarised financial statements of <strong>FIA</strong> <strong>Foundation</strong> for the Automobile and Society for<br />
the year ended 31 December 2004. This report is made solely to the trustees. Our work has been undertaken<br />
so that we might state to the trustees those matters we are required to state to them in an auditors’ statement<br />
on summary financial statements and for no other purpose. To the fullest extent permitted by law, we do not<br />
accept or assume responsibility to anyone other than the trustees, for our work, for this report, or for the opinions<br />
we have formed.<br />
Respective responsibilities of trustees and auditors<br />
The trustees are responsible for preparing the summarised financial statements in accordance with the recommendations<br />
of the Charities SORP. Our responsibility is to report to you our opinion on the consistency<br />
of the summarised financial statements with the full financial statements and trustees’ report. We also read<br />
the other information contained in the summarised annual report and consider the implications for our report<br />
if we become aware of any apparent misstatements or material inconsistencies with the summarised financial<br />
statements.<br />
Basis of opinion<br />
We conducted our work in accordance with Bulletin 1999/6 ‘The Auditors’ Statement on the Summary Financial<br />
Statements’ issued by the Auditing Practices Board for use in the United Kingdom.<br />
Opinion<br />
In our opinion the summarised financial statements are consistent with the full financial statements and trustees’<br />
report of <strong>FIA</strong> <strong>Foundation</strong> for the Automobile and Society for they year ended 31 December 2004.<br />
GRANT THORNTON UK LLP, REGISTERED AUDITORS, CHARTERED ACCOUNTANTS, OXFORD<br />
29 June <strong>2005</strong><br />
22 | <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
Statement of Recognised Gains and Losses<br />
For the year ended 31 December 2004<br />
Note<br />
Total for the year<br />
ended<br />
31 December<br />
2004<br />
Total for the<br />
year ended<br />
31 December<br />
2003<br />
€ 000’s € 000’s<br />
Incoming resources<br />
Donations 866 -<br />
Investment income 8,463 8,167<br />
Total incoming resources 9,329 8,167<br />
Resources expended<br />
Costs of generating funds:<br />
Investment management fees 1,302 1,025<br />
1,302 1,025<br />
Charitable expenditure:<br />
Grants 1 5,479 5,561<br />
Other charitable expenditure 2 2,018 2,479<br />
Management and administration 3 1,169 1,520<br />
8,666 9,560<br />
Total resources expended 9,968 10,585<br />
Net (outgoing) resources for the year (639) (2,418)<br />
Other recognised gains and losses<br />
Realised losses on investment assets (25,568) (7,476)<br />
Other realised gains/(losses) 293 (1,493)<br />
(25,275) (8,969)<br />
Net income and expenditure (25,914) (11,387)<br />
Unrealised gains 15,270 31,591<br />
Net movements in funds (10,644) 20,204<br />
Total funds brought forward at 1 January 2004 340,693 320,489<br />
Total funds carried forward at 31 December 2004 330,049 340,693<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 23
Extract from the Notes to the Financial Statements<br />
For the year ended 31 December 2004<br />
1. Charitable expenditure<br />
All the charitable expenditure in the year related to unrestricted funds. Charitable expenditure in the year<br />
comprised.<br />
Total Total<br />
2004 2003<br />
€ 000’s € 000’s<br />
Grants 5,479 5,561<br />
Other direct charitable expenditure 2,018 2,479<br />
7,497 8,040<br />
Material grants made to institutions were as follows. Each recipient received one grant, although this may<br />
have been paid over in more than one tranche. All grants made to institutions were restricted to the purpose<br />
for which the grant was approved.<br />
Key<br />
+ <strong>FIA</strong> <strong>Foundation</strong> for the Automobile and Society member organisation<br />
* Other related party<br />
<strong>FIA</strong> – Fédération Internationale de l’Automobile<br />
AAA – AAA <strong>Foundation</strong><br />
AAFRSR – AA <strong>Foundation</strong> for Road Safety Research<br />
AAMTTL – AA Motoring Trust Trading Limited<br />
ACEA – European Automobile Constructors Association<br />
ACI – Automobile Club d’Italia<br />
ACP – Automobile Club of Portugal<br />
ADAC – Allgemeiner Deutscher Automobil-Club e.V.<br />
AIT – Alliance Internationale de Tourisme<br />
CIK – Commission Internationale de Karting<br />
ECCM – The Edinburgh Centre for Carbon Management<br />
EuroNCAP – European New Car Assessment Programme<br />
GRSP – Global Road Safety Partnership<br />
FFAC – Fédération Français des Automobiles – Clubs et Usagers de la Route<br />
JAF – Japan Automobile Fédération<br />
IRTAD – International Road Traffic Accident Database<br />
MC – Mercury Consulting<br />
MSI – <strong>FIA</strong> Institute for Motor Sport Safety<br />
RAC – RAC Motoring Services<br />
RACE - Real Automovil Club de Espana<br />
SAAA– South African Automobile Association<br />
SW – Strong Words Limited<br />
TRL – TRL Limited<br />
UN – United Nations<br />
UN-ECE – United Nations Economic Commission for Europe<br />
WHO – World Health Organisation<br />
24 | <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
Name of recipient Project name Amount granted in the year<br />
2004 2003<br />
€ 000’s € 000’s<br />
AAA Translation of Safety Information - 40<br />
AAFRSR / TRL European Road Assessment Programme * - 300<br />
AAFRSR/EuroRAP International Road Assessment Programme * 250 -<br />
AAMTTL<br />
Automobile and society development of the<br />
transport database and website*<br />
140 -<br />
ACEA/BMW De-coupling - 10<br />
ACI International Road Safety Exhibition * + 75 100<br />
ACI MoVe conference * + 25 25<br />
ACP Mobility for All – ACP Centenary conference + - 10<br />
ADAC Eco-test * + 100 100<br />
ADAC Safe Road Tunnels * + 100 -<br />
AIT Traffic Education Contest * - 25<br />
CIK/<strong>FIA</strong> Emissions testing of Kart engines * 65 -<br />
Daimler Chrysler Motor Sport Safety Research Programme - 368<br />
ECCM Climate Change Programme 125 125<br />
FFAC Road safety achievements in France * + 60 -<br />
<strong>FIA</strong> Motor Sport Safety Fund * - 2,389<br />
<strong>FIA</strong>/AIT Tunnel Safety Campaign * - 100<br />
JAF Impact of legislation on rear seat belt use * + 29 -<br />
Johns Hopkins Public health interventions for motor cycle safety in<br />
University<br />
the developing world<br />
87 -<br />
JST/British Council Road safety fellowship programme* 28 -<br />
MSI<br />
Motor sport safety research and support for safety<br />
interventions*<br />
3,300 -<br />
NPACS Harmonised Test Programme for Child Seats - 100<br />
Chris Jones and Global Technical Regulation for “On Road<br />
RAC<br />
Diagnostics”<br />
- 35<br />
SAAA Major Causes of Road Crashes + - 14<br />
SW/MC Vehicle Engineering Consultancy - 450<br />
UN-ECE Road Safety Week 2004 - 20<br />
University of<br />
Belgrano, Argentina<br />
Masters in Road Safety - 25<br />
University of Nairobi Road safety interventions in Kenya 60 -<br />
University of<br />
Westminster<br />
Mobility and Economic Access - 100<br />
Vehicle Safety<br />
Research Centre<br />
Accident Data Recorders – Seminar and Report - 10<br />
WHO<br />
Traffic Injury Prevention in Low and Middle Income<br />
Countries<br />
500 500<br />
WHO World Health Report - 200<br />
Wirth Research E-Safety 90 90<br />
Memberships and affiliations:<br />
EuroNCAP The European New Car Assessment Programme 220 415<br />
<strong>FIA</strong> Forum for the Automobile and Society 5 -<br />
GRSP Global Road Safety Partnership subscription 10 10<br />
IRTAD IRTAD database 10 -<br />
Australian NCAP Australian NCAP 150 -<br />
UN Partnership for Cleaner Fuels 50 -<br />
Total 5,479 5,561<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 25
2. Other direct expenditure<br />
Year<br />
ended 31<br />
December<br />
2004<br />
Year ended<br />
31 December<br />
2003<br />
€ 000’s € 000’s<br />
Internally managed projects:<br />
Seat belt safety and road safety campaigns 367 740<br />
Sharing Responsibility for Safer Roads - 96<br />
Auto and Society Report - 315<br />
Transport and Social Exclusion - 42<br />
Project monitoring costs - 249<br />
UN and regional commissions 65 -<br />
Global Road Safety Index 81 -<br />
Forum for the Automobile and Society subscription 5 -<br />
IRTAD subscription 4 -<br />
Australian NCAP subscription 150 -<br />
External Representational Activities (UN, UN-ECE, EU etc) 159 98<br />
Internal working groups 44 36<br />
International policy forum 128 -<br />
External communications 70 42<br />
1,073 1,618<br />
Grant and project support costs:<br />
Salaries 528 479<br />
Social security 83 80<br />
Pension 44 35<br />
Health Insurance 6 2<br />
Insurance 37 -<br />
Rent and rates 48 51<br />
Property costs and maintenance 22 -<br />
Telephone 18 4<br />
Postage and stationery 18 5<br />
Travel and subsistence 68 85<br />
Computer sundries 16 34<br />
Bookkeeping, accountancy and audit fees 8 21<br />
Legal and professional - -<br />
Subscriptions 2 30<br />
Staff training - 1<br />
Sundries 1 5<br />
Depreciation 34 -<br />
Donation 1 -<br />
Bank interest 2 -<br />
Bank charges 9 29<br />
945 861<br />
2,018 2,479<br />
26 | <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
3. Management and Administration Expenditure<br />
Year ended Year ended<br />
31 December 31 December<br />
2004<br />
2003<br />
€ 000’s € 000’s<br />
Salaries 304 348<br />
Social security costs 36 40<br />
Pensions 29 35<br />
Health Insurance 6 9<br />
General insurance 26 38<br />
Indemnity insurance 46 58<br />
Rent and rates 9 13<br />
Property costs, repairs and maintenance 232 238<br />
Telephone 14 22<br />
Postage and stationery 30 41<br />
Travel and subsistence 30 53<br />
Trustees’ expenses 139 92<br />
Web site design and maintenance 11 2<br />
Computer sundries 19 50<br />
Bookkeeping, accountancy and audit fees 24 63<br />
Legal and professional fees 18 76<br />
Subscriptions 5 7<br />
Staff training - 9<br />
Sundry 3 13<br />
Depreciation 124 106<br />
Loss on disposal of assets 19 -<br />
Bank charges 2 2<br />
Irrecoverable and disallowable VAT 43 205<br />
1,169 1,520<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 27
Balance Sheet at 31 December 2004<br />
2004 2004 2003 2003<br />
As restated As restated<br />
€ 000’s € 000’s € 000’s € 000’s<br />
Fixed assets<br />
Tangible assets 4,963 2,840<br />
Investments 316,025 335,036<br />
320,988 337,876<br />
Current assets<br />
Debtors 3,607 3,036<br />
Cash at bank and in hand 9,935 3,440<br />
13,542 6,476<br />
Creditors: amounts<br />
falling due within one<br />
year<br />
4,481 3,659<br />
Net current assets 9,061 2,817<br />
Total assets less current<br />
liabilities<br />
330,049 340,693<br />
330,049 340,693<br />
Income funds<br />
Unrestricted funds:<br />
Designated funds 893 686<br />
Other charitable funds<br />
329,156 340,007<br />
330,049 340,693<br />
28 | <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
Cashflow Statement and Notes for the year ended 31 December 2004<br />
Year ended<br />
31 December<br />
2004<br />
Year ended<br />
31 December<br />
2003<br />
€ 000’s € 000’s € 000’s € 000’s<br />
Net cash (outflow)/inflow<br />
from operating activities<br />
4<br />
(1,010) 426<br />
Capital expenditure and<br />
financial investment<br />
Purchase of tangible fixed<br />
assets (38) (237)<br />
Purchase of quoted<br />
securities<br />
(204,423) (177,472)<br />
Sale of tangible fixed<br />
assets<br />
1 -<br />
Sale of fixed asset<br />
investments 219,921 171,851<br />
Net cash inflow/(outflow)<br />
from investing activities<br />
Increase/(decrease) in<br />
cash<br />
5 &<br />
6<br />
15,461 (5,858)<br />
14,451 (5,432)<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 29
Cashflow Statement and Notes<br />
For the year ended 31 December 2004<br />
4. Reconciliation of changes in resources to net cash flow<br />
2004 2003<br />
€ 000’s € 000’s<br />
Net outgoing resources (639) (2,418)<br />
Depreciation 158 106<br />
Loss on disposal of tangible fixed assets 19 -<br />
Donated tangible fixed assets (828) -<br />
(Increase)/decrease in debtors (577) 1,051<br />
Increase in creditors 857 1,687<br />
Net cash (outflow)/inflow from operating activities (1,010) 426<br />
5. Reconciliation of net cash flow to movement in funds<br />
2004 2003<br />
€ 000’s € 000’s<br />
Increase/(decrease) in cash in the period 14,451 (5,432)<br />
Effects of realised foreign exchange gains/(losses) 297 (1,607)<br />
Effects of unrealised foreign exchange gains/(losses) 2,794 (199)<br />
Movement in net funds 17,542 (7,238)<br />
Net funds at 1 January 2004 4,639 11,877<br />
Net funds at 31 December 2004<br />
22,181 4,639<br />
6. Analysis of changes in net funds<br />
At<br />
At 1 January<br />
Exchange<br />
Cash flows<br />
31 December<br />
2004<br />
movement<br />
2004<br />
€ 000’s € 000’s € 000’s € 000’s<br />
Cash at bank 3,440 6,505 (10) 9,935<br />
Cash held as part of investment<br />
portfolio<br />
1,199 7,946 3,101 12,246<br />
4,639 14,451 3,091 22,181<br />
30 | <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
Financial Policies<br />
Investment policy<br />
The <strong>FIA</strong> <strong>Foundation</strong> has the power to deposit or invest funds not immediately required for its purposes in,<br />
or upon, such investments, securities or property as the trustees may think fit. The trustees may invest only<br />
after obtaining advice from a financial expert. The trustees have the power to delegate the management of<br />
investments to a financial expert but must review the performance of the investments regularly.<br />
The principle objective of the investment policy is to seek total return in the long term in order to provide for<br />
real increases in annual expenditure while preserving the charities capital base in real terms. This is to balance<br />
the needs of both current and future beneficiaries and therefore the assets are invested for long-term<br />
returns rather than to maximise short-term income.<br />
The <strong>FIA</strong> <strong>Foundation</strong> manages it investments by comparing returns achieved on each portfolio to set benchmarks<br />
for each manager on a quarterly basis. During the year the Investment Committee performed an<br />
extensive review of the performance of the investment managers which resulted one mandate being revoked<br />
and one new mandate awarded.<br />
The Investment Committee also started an extensive review of the charity’s investment strategy and arrangements<br />
which is ongoing. The results of the review will be incorporated into the investment strategy during<br />
the forthcoming year.<br />
Reserves policy<br />
The long term objective of the Trustees is to preserve the capital base in real terms for as long as this is<br />
practicable whilst meeting the needs of the beneficiaries at a sustainable level.<br />
To date the level of income received from the investment portfolio has only been sufficient to cover budgeted<br />
administration and programme expenditure for the following year. The objective for the trustees is to achieve<br />
additional returns to ensure the current level of expenditure can be maintained or increased and to ensure<br />
the long term aim of preserving the capital base is met.<br />
At 31 December 2004 the <strong>FIA</strong> <strong>Foundation</strong> held €893,000 (2003: €686,000) in designated funds and<br />
€329,156,000 (2003: €340,007,000) in undesignated funds.<br />
Grants policy<br />
The <strong>FIA</strong> <strong>Foundation</strong> considers applications for grants from any organisation or individual, providing the application<br />
meets at least one of the general or specific objectives of the charity. Applications are considered by<br />
the programme sub-committee and the Board of Trustees. The trustees have made commitments to make<br />
grants as listed in note 1.<br />
Funding<br />
The trustees are satisfied that the <strong>FIA</strong> <strong>Foundation</strong>’s assets are available and adequate to fulfil its obligations.<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 31
Principal Accounting Policies<br />
Basis of preparation<br />
The financial statements have been prepared in accordance with applicable accounting standards and follow<br />
the recommendations in the Statement of Recommended Practice: Accounting by Charities (the SORP) issued<br />
in October 2000, and with the requirements of the charity’s Memorandum and Articles of Association. They<br />
have been prepared under the historical cost convention except that:<br />
• investments are valued at market value (see below)<br />
The principal accounting policies of the charitable company are set out below and have remained unchanged<br />
except for the following:<br />
Endowment funds<br />
The terms of the initial donation from the Fédération Internationale de l’Automobile (<strong>FIA</strong>) was reviewed during<br />
the year. Under the terms of the donation the trustees can designate or use funds as they see fit, in the best<br />
interests of the <strong>Foundation</strong>. Therefore, these funds do not have to be permanently retained for the benefit of<br />
the <strong>Foundation</strong> as a capital fund and fall outside the definition of an endowment fund.<br />
The balance sheet for 2003 has been restated to show this change in policy with the Endowment fund balance<br />
of € 327,772,000 being transferred to unrestricted funds.<br />
Allocations of costs<br />
During the year there was a review of the policy for allocating staff costs.<br />
Previously all direct costs which related to an employee were charged to the cost category they predominately<br />
worked in eg administration or charitable. All overhead costs were allocated to administration with no attempt<br />
to apportion costs for those employees involved in charitable activities.<br />
Following the review staff have been categorised based on the time spent on either charitable or administration<br />
activities. For employees who undertake both charitable and administrative activities, an estimate is made of<br />
the time spent on each activity and costs are apportioned on this time split. Costs which directly relate to an<br />
employee are charged against the activity they undertake. Overheads or shared costs are allocated on a<br />
proportional basis dependent on the time spent on charitable or administrative activities and the office location<br />
of the employee.<br />
An additional €223,000 has been allocated to charitable costs in the current period as a result of the change<br />
in policy.<br />
Incoming Resources<br />
Donations<br />
All monetary donations are included in full in the statement of financial activities when receivable, provided that<br />
there are no donor-imposed restrictions as to the timing of the related expenditure, in which case recognition<br />
is deferred until any pre-condition has been met.<br />
Investment Income<br />
Investment income, including associated tax recoveries, but with the exception of income receivable in respect<br />
of fixed interest securities, is recognised when receivable. Income receivable in respect of fixed interest securities<br />
is recognised on the accruals basis.<br />
32 | <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
Rental Income<br />
Rental income is recognised when receivable.<br />
Resources expended<br />
Expenditure, which is charged on an accruals basis, is allocated between:<br />
• expenditure incurred directly for the fulfilment of the charity's objectives (direct charitable) and;<br />
• expenditure incurred in the management and administration of the charity.<br />
Grants Payable<br />
Grants payable are recognised in the financial statements when a contracted commitment exists.<br />
Allocations of Costs<br />
Staff are categorised based on the time spent on either charitable or administration activities.<br />
Costs which directly relate to an employee are charged against the activity they undertake. For employees<br />
who undertake both charitable and administrative activities, an estimate is made of the time spent on each<br />
activity and costs are apportioned on this time split.<br />
Shared costs are allocated on a proportional basis dependent on the time spent on charitable or administrative<br />
activities and the office location of the employee. For example, costs relating to Trafalgar Square are split<br />
70% administration and 30% administration as 70% of London based staff work in administration and 30%<br />
are charitable. All costs relating to the French office are allocated as charitable as the work carried out by the<br />
employees based there relate to grants made and internally managed charitable projects.<br />
Other shared costs relating to the organisation as a whole are split 37% administration and 63% charitable,<br />
reflecting the number of employees who work in each field.<br />
Fund Accounting<br />
Unrestricted funds are donations and other incoming resources received or generated for expenditure on the<br />
general objectives of the charity.<br />
Designated funds are unrestricted funds which have been designated for specific purposes by the trustees.<br />
Prior Year Adjustment<br />
A review of the initial donation received from the Fédération Internationale de l’Automobile (<strong>FIA</strong>) was reviewed<br />
during the year. Under the terms of the donation the trustees can designate or use funds as they see fit, in the<br />
best interests of the <strong>Foundation</strong>. Therefore, these funds do not have to be permanently retained for the benefit<br />
of the <strong>Foundation</strong> as a capital fund and fall outside the definition of an endowment fund.<br />
The balance sheet has been restated for 2003 to show funds previously treated as endowment as part of<br />
income funds<br />
Taxation<br />
The activities of the charity fall within the exemptions conferred by sections 505 and 506 of the Income and<br />
Corporation Taxes Act 1988. Consequently, no corporation tax is provided for in the financial statements.<br />
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Retired Benefits<br />
Defined Contribution Scheme<br />
The pension costs charged against the statement of financial activities are the contributions payable to the<br />
schemes in respect of the accounting period.<br />
Leased Assets<br />
All leases are regarded as operating leases and the payments made under them are charged to the Statement<br />
of Financial Activities on a straight line basis over the lease term.<br />
Liabilities<br />
Liabilities are recognised when there is a legal and constructive obligation committing the charity to the expenditure.<br />
Tangible fixed assets and depreciation<br />
Tangible fixed assets are capitalised at cost where their acquisition value is great than €750, and are stated at<br />
cost net of depreciation.<br />
Depreciation is calculated to write down the cost of all tangible fixed assets excluding investment properties<br />
by equal annual instalments over their estimated useful economic lives, calculated on a monthly basis.<br />
The rates applicable are:<br />
Freehold properties 2%<br />
Fixtures, fittings and equipment 20%<br />
Computer equipment 33 1/3%<br />
Investments<br />
Investment properties are valued at their mid market value in their native currency at the balance sheet date,<br />
translated at the rate of exchange ruling at the date of acquisition (or an average rate if not materially different),<br />
as required by SSAP 20.<br />
Listed investments are valued at their market value in their native currency at the balance sheet date, translated<br />
at the rate of exchange ruling at the date of acquisition (or an average rate if not materially different), as<br />
required by SSAP 20.<br />
Cash held as part of an investment portfolio, as a monetary asset, is translated using the closing rate method.<br />
Net gains and losses arising on revaluations and disposals during the period are included in the statement of<br />
financial activities.<br />
34 | <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
Foreign Currencies<br />
Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction.<br />
Monetary assets and liabilities in foreign currencies are translated at the rates of exchange ruling at the balance<br />
sheet date. Non monetary assets and liabilities in foreign currencies are translated at the rates of exchange<br />
ruling at the date of acquisition, or an average rate if not materially different. Exchange differences are<br />
dealt with in the statement of financial activities.<br />
Realised and unrealised gains and losses are allocated to the appropriate fund where possible. Realised and<br />
unrealised gains and losses relating to more than one fund are apportioned between the funds on the basis of<br />
the balance on each fund at the balance sheet date.<br />
<strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong> | 35
Board of Trustees<br />
The <strong>FIA</strong> <strong>Foundation</strong> is a company limited by guarantee and is registered as a charity in the UK. It is governed by an international Board of Trustees. The Board<br />
of Trustees is currently composed of 13 members. Each Trustee has a tenure of 3 years. The Trustees are elected by the membership of the <strong>Foundation</strong> at<br />
its Annual Meeting. The <strong>FIA</strong> <strong>Foundation</strong> is headed by the Chairman of the Board of Trustees. The current Trustees of the <strong>Foundation</strong> are:<br />
Rosario Alessi, <strong>FIA</strong> <strong>Foundation</strong> Chairman<br />
Italy<br />
Former President, Automobile Club d’Italia<br />
Bob Darbelnet<br />
United States<br />
President and Chief Executive Officer, American Automobile Association (AAA)<br />
John Dawson<br />
United Kingdom<br />
Chairman, European Road Assessment Programme<br />
Otto Flimm<br />
Germany<br />
Former President, Allgemeiner Deutscher Automobil-Club e.V.<br />
Christian Gerondeau<br />
France<br />
President, Fédération Française des Automobile-Clubs et des Usagers de la Route<br />
Tim Keown<br />
United Kingdom<br />
Chairman, Royal Automobile Club<br />
John Large<br />
Australia<br />
President of Honour, Confederation of Australian Motor Sport (CAMS)<br />
Carlos Macaya<br />
Costa Rica<br />
President, Automovil Club de Costa Rica (ACCR)<br />
Burdette Martin<br />
United States<br />
President, Automobile Competition Committee for the U.S. <strong>FIA</strong>. Inc. (ACCUS)<br />
Max Mosley<br />
United Kingdom<br />
President, Fédération Internationale de l’Automobile<br />
Sebastia Salvado<br />
Spain<br />
President, Reial Automobil Club de Catalunya<br />
Setsuo Tanaka<br />
Japan<br />
Executive Vice President, Japan Automobile Federation<br />
Ari Vatanen MEP<br />
Finland<br />
Member of the European Parliament<br />
Staff<br />
David Ward<br />
Director General<br />
Saul Billingsley<br />
Deputy Director General & Programmes Director<br />
Frank van West<br />
Technical Director<br />
Rita Cuypers<br />
Head of Road Safety<br />
Caroline Luff<br />
Policy & Research Officer<br />
John Pap<br />
Website & Communications Officer<br />
Jane Pearce<br />
Director of Administration & Personnel<br />
Chris Bentley<br />
Head of Information Technology<br />
Alicia Priest<br />
Financial Controller<br />
Fiona Holland<br />
Assistant Administrator<br />
36 | <strong>FIA</strong> <strong>Foundation</strong> <strong>Review</strong> <strong>2005</strong>
Objectives<br />
<br />
<br />
The <strong>FIA</strong> <strong>Foundation</strong> has been established in the United Kingdom as a registered charity with an endowment of<br />
$300 million made by the Fédération Internationale de l’Automobile (<strong>FIA</strong>), the governing body of world motor<br />
sport and the international association of motoring organisations.<br />
Our objectives are to promote public safety and public health, the protection and preservation of human life<br />
and the conservation, protection and improvement of the physical and natural environment through:<br />
• promoting research, disseminating the results of research and providing information in any matters<br />
of public interest which include road safety, automobile technology, the protection and preservation<br />
of human life and public health, transport and public mobility and the protection of the environment;<br />
and<br />
• promoting improvement in the safety of motor sport, and of drivers, passengers, pedestrians and<br />
other road users.<br />
The <strong>Foundation</strong> conducts its own research and educational activities as well as offering financial support to<br />
third party projects through a grants programme.<br />
The <strong>FIA</strong> <strong>Foundation</strong> for the Automobile and Society is registered in England and Wales as a company limited<br />
by guarantee No. 4219306 Registered UK Charity No. 1088670 Registered Office: <strong>FIA</strong> <strong>Foundation</strong> for the<br />
Automobile & Society 60 Trafalgar Square London WC2N 5DS<br />
<strong>FIA</strong> <strong>Foundation</strong> for the Automobile and Society<br />
60 Trafalgar Square<br />
London<br />
WC2N 5DS<br />
+44 (0)207 930 3882 (t)<br />
+44 (0)207 930 3883 (f)<br />
mail@fiafoundation.com (e)<br />
Visit www.fiafoundation.com for the latest information on our activities