Global NCAP Annual Report & Financial Statement 2013 by Global NCAP

ANNUAL REPORT & FINANCIAL STATEMENT 2 0 1 3 2 0 1 3

CONTENTS

LEGAL AND ADMINISTRATIVE DETAILS CHARITY REGISTRATION NO.:

1141798 COMPANY REGISTRATION NO. (ENGLAND AND WALES):

7513900 REGISTERED ADDRESS:

58–60 Berners Street London, W1T 3JS

TRUSTEES:

Mr Guido Adriaenssens (Treasurer) Mr Max Mosley (Chairman) Mr Lauchlan McIntosh Mr Claes Tingvall Mr David Ward [resigned 1 October 2013] Mr Adrian Lund Dr Verona Beckles [appointed 18 March

3 Chairman’s foreword

19 Public benefit

4 Introduction

20 How effective are we

6 Our aims & objectives

21 Moving forward in 2014

7 Achievements in 2013

22 Financial review

2014] SECRETARY GENERAL:

Mr David Ward ADMINISTRATOR:

Ms Shakireh Ispahani TECHNICAL DIRECTOR:

Mr Alejandro Furas BANKERS:

14 Latin NCAP

26 Auditors report

16 ASEAN NCAP

28 Financial statements

Barclays Bank Plc Barclays Corporate Wytham Court 11 West Way

18 Annual Awards

Oxford, OX2 0JB AUDITOR:

Montpelier Audit Limited Chartered Accountants 58–60 Berners Street London, W1T 3JS

With thanks to our financial supporters

WEBSITE:

www.globalncap.org © 2 0 1 4 G L OBA L N C A P

CHAIRMAN’S FOREWORD

In my capacity as Chairman of the Board of Trustees I am pleased to present the Annual Report and Financial Statements for the Global New Car Assessment Programme (Global NCAP) for the period ending 31st December 2013. Since our establishment in 2011 Global NCAP has made great progress. We have seen our key NCAP partners in the rapidly motorising regions of South East Asia and Latin America already award five stars to some of the models they have tested. This is a rate of improvement in vehicle safety much faster than was achieved in the first years of the NCAPs in high income countries. In this Annual Report we describe our activities in 2013 and our plans for 2014. This is a team effort and I would like to thank our NCAP partners for their support. It is immensely satisfying to see established NCAPs like Australasian NCAP and Euro NCAP giving vital assistance to both ASEAN and Latin NCAP. Our work also depends on the support of the FIA Foundation, International Consumer Research & Testing, the Road Safety Fund and the Inter-American Development Bank and we are most grateful for their vital contributions. I would also like to recognise the excellent work of the Technical Centre of the ADAC whose crash laboratory has carried out a significant amount of Global NCAP’s testing activities. Finally I would like to thank Global NCAP’s own dedicated management team led by David Ward. Together we are proud to be contributing to the UN Decade of Action for Road Safety - promoting safer cars worldwide to help to achieve the ambitious goal of cutting by half the forecast level of road fatalities by 2020.

Max Mosley Chairman 24 September 2014

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

INTRODUCTION

lobal NCAP was launched in

organisations. Most encouraging has

active NCAPs participated making it

2011 at the 22nd Enhanced

been the rapid establishment of first

the largest such gathering ever held.

Safety of Vehicles (ESV)

Latin NCAP and then ASEAN NCAP

We also launched an annual awards

Conference held in Washington DC.

as leaders in automobile safety in

scheme and were delighted that His

At previous ESV meetings NCAP

their respective regions. Elsewhere

Royal Highness Prince Michael of

leaders such as Lauchlan McIntosh

in this report their achievements

Kent agreed to present them (see

of Australasia NCAP had encouraged

are elaborated. Suffice to state

page 18) and attend the opening of

informal meetings between the

here that in just a couple of years

the MIROS PC3 crash laboratory.

programmes to exchange ideas and

they have accelerated the safety

promote shared objectives. With the

of models available in their fast

‘Melaka Declaration’ which endorsed

launch of the Decade of Action and

growing car markets. Five star cars,

the main recommendations of the

the emergence of new NCAPs in the

fitment of airbags and electronic

vehicle pillar of the Global Plan

rapidly motorising countries, the

stability control are all examples of

of the UN Decade. These include

time was right to create a permanent

improvements being made far ahead

universal application of the UN’s most

platform to promote co-operation

of regulatory requirements.

important crash test regulations and

between NCAPs and contribute to

Global NCAP itself has also taken

Our 2012 meeting also adopted the

creation of NCAPs in all world regions.

the UN’s effort to reduce global

solid steps forward. Our inaugural

This was also endorsed by the UN

road fatalities. Thus Global NCAP

annual meeting in March 2012 was

General Assembly in a road safety

was established as a registered UK

hosted by the Malaysian Institute for

resolution1 that encouraged Member

charity led by a Board of Trustees

Road Safety Research in Melaka. All

States to “participate in the new car

comprising individuals with strong experience of the role of NCAPs in vehicle safety. Progress since 2011 has been remarkable, in large part due to the strong support provided by the community of NCAPs and our partner

Five star cars, fitment of airbags and electronic stability control are all examples of improvements being made far ahead of regulatory requirements

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

assessment programmes in order

Finally we have initiated a ‘Safer

to foster availability of consumer

Cars for India’ project with the

information about the safety

Institute for Road Traffic Education

performance of motor vehicles” - a

based in Delhi. Frontal tests of some

UN decision that represents an

popular and important models at

important endorsement of the key

UN regulatory 56kph and NCAP 64

mission of Global NCAP.

kph speeds have been carried out,

In 2013 we have sustained this

to be launched in early 2014. We

momentum for safer cars worldwide.

hope this project encourages the

Our second Annual Meeting took

eventual creation of a new NCAP in

place in Seoul in conjunction with the

close co-operation with the Indian

23rd ESV hosted in May by Korea’s

Government and in fulfillment of the

Ministry of Land, Infrastructure and

recommendations of the UN

Transport. The meeting adopted the

General Assembly.

‘Seoul Declaration’ which encourages

None of the above would have been

consumers to choose five-star

possible without the strong support

vehicles whenever possible and for

of our associated NCAPs, donors,

the automotive industry to make

technical partners and our own team of

a voluntary commitment to apply

Trustees and management. I would also

minimum safety standards to the

like to join Max Mosley, our Chairman in

vehicles they produce worldwide.

offering my thanks to them.

Global NCAP also received further endorsement from the UN SecretaryGeneral Ban Ki-Moon who highlighted

David Ward Secretary General

our work in a special report to the General Assembly outlining priorities and progress in the UN Decade2.

1. UN General Assembly Resolution - 66/260 19th April 2012 2. Improving Global Road Safety – Note by the Secretary General A68/368 6th September 2013 – paragraph 33

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

OUR AIMS AND OBJECTIVES

lobal NCAP aims to promote

the manufacture of safer motor

public safety and public

vehicles worldwide.

health, the protection

We carry out research on

and preservation of human life and

innovations in vehicle safety

the conservation, protection and

technologies, their application in

improvement of the physical and

global markets, and the range of

natural environment.

policies that will accelerate their use

We do this by supporting and conducting independent research and testing programmes that

and then track progress of vehicle safety across the globe. We have also developed a global

assess the safety and environmental

awards scheme to recognize

characteristics of motor vehicles

achievement in vehicle safety,

and their comparative performance.

innovation in safety-related

We then disseminate the results to

technologies and products.

the public. We promote the development of new car assessment programmes

Global NCAP supports the UN

(NCAPs) in emerging markets

Decade of Action for Road Safety

where vehicle growth is strong

2011-2020.

but consumer safety information

The Decade aims to reduce by

is frequently unavailable. We do

half the forecast increase in the

this by providing financial support

level of road fatalities worldwide by

and technical assistance to newly

2020. Global NCAP also supports

established NCAPs

the implementation of the Global

We also provide a platform for

UN Decade of Action

“NCAPs have proved to be very effective in creating a market that encourages consumers to choose vehicles based on their safety ratings” Ban Ki-moon Secretary General, United Nations

Plan for the Decade which, as part

cooperation for NCAPs and similar

of an overall strategy to achieve

car assessment programmes in

organisations around the world

safer roads, safer road users and

all regions of the world in order to

to share best practice, exchange

safer vehicles, encourages the

increase the availability of consumer

information, and promote the use of

use of UN crash test standards

information about the safety

consumer information to encourage

and the “implementation of new

performance of motor vehicles”.

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

ACHIEVEMENTS IN 2013

January 2013 ASEAN NCAP released the first ever, independent crash test results

March 2013 stars for adult occupant protection. The results of the Perodua Myvi

There were some early signs of progress in Latin NCAP’s first crash

for South East Asia, thanks to a

(three stars) the Hyundai i10 (two

tests of 2013, after last year’s results

collaboration between the Malaysian

stars) and Proton Saga (one star) show

highlighted the fact that safety levels

Institute of Road Safety Research

there is still much more that can be

of some popular cars sold in Latin

(Miros) and Global NCAP.

done to improve vehicle safety.

America are 20 years behind those

Media reported that the results

in Europe and the US. Some models

were assessed: Honda City, Toyota Vios,

showed it is possible for affordable

received four- and three-star ratings.

Hyundai i10, Proton Saga, Perodua Myvi,

cars to provide good safety in

Ford Fiesta and Nissan March.

emerging markets and highlighted

of the NCAP’s development and

The tests showed some

the extremely worrying results for

brought the number of best-selling

entry-level models.

cars tested to 28. The programme

Seven of the region’s best-selling cars

encouraging results for some manufacturers, but worryingly low

ASEAN NCAP carried out

The results concluded Phase Three

had produced clear evidence that

levels of safety at the bottom end of

frontal offset crash tests at 64

safer cars can be built in the Latin

the market. Two models – the Ford

km/h assessing results for driver,

American and the Caribbean region

Fiesta and Honda City achieved five

passenger and child safety.

at affordable prices. Latin NCAP has also stepped up its engagement with consumers, governments and manufacturers to bring safer and affordable cars to the region in the short term.

ASEAN NCAP’s crash test of the Honda Civic demonstrated five star protection

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

April 2013 The response from industry to ASEAN

May 2013 After Proton received a one-star

Global NCAP’s annual meeting in

NCAP’s first phase of crash test

rating for its single-airbag Saga FLX

Seoul brought together all NCAPs

results proved excellent. For a new

compact car, the company stopped

active worldwide to share experience

regulation to be implemented, the car

production immediately, replacing it

in promoting consumer information

industry usually asks for two years

with the FLX+ model which has dual

about automobile crash avoidance

to adapt new models and four years

airbags fitted as standard.

and protection. Held in conjunction

for existing models. Following the

with the 23rd biannual Enhanced

publication of independent crash test

Safety of Vehicles conference,

results, ASEAN NCAP has managed

organised by the US National

to drive the industry to make

Highway Traffic Safety Administration

improvements to safety far faster –

(NHTSA) and Korea’s Ministry of

within six months in some cases.

Land, Infrastructure and Transport,

Global NCAP Technical Director Alejandro Furas briefs media after a crash test

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

June 2013

July 2013

the meeting featured significant

Global NCAP and Latin NCAP

Latin NCAP awarded its first ever five-

commitments to vehicle safety in the

addressed policy makers from South

star safety rating for adult occupant

UN Decade of Action.

America at CISEV, a major ministerial-

protection to the SEAT New Leon. The

The commitments include the

level regional road safety conference

results were a milestone for the region,

universal application of the most

held in Bogota. A crash-tested vehicle

showing that manufacturers can

important international vehicle safety

was on prominent display and Latin

produce small cars for the region with

regulations and support for NCAPs in

NCAP gave presentations on its

stable structures and good protection.

all world regions, a policy which has

programme’s activities. The CISEV

the unanimous backing of the United

meeting also launched Latin NCAP’s

Latin NCAP’s tests also revealed that

Nations’ General Assembly.

formal stakeholder consultation.

many of the best-selling models by

This was drafted by Global NCAP

global brands still offer only zero-

the ‘Seoul Declaration’, which

for Latin NCAP and included an

star levels of protection which would

encourages consumers to choose

initial assessment report of the

fail to meet even basic global safety

five-star vehicles whenever possible

pilot programme, its results and the

standards. Zero-star results were

and for the automotive industry

potential role and future structure

recorded for the Nissan Tsuru (Sentra

to make a voluntary commitment

of Latin NCAP. The consultation was

B13), Renault Clio Mio, Suzuki Alto

to set a floor of minimum safety

concluded at the end of November

K10 and Chevrolet Agile.

standards for the vehicles they

2013 and included a stakeholder

produce worldwide. The Declaration

meeting timed to coincide with the

of airbags as standard, but the real

aims to focus attention on the need

Phase Three launch in Buenos Aires.

problem is the substandard safety of

to reduce the high numbers of

The results of the consultation have

their body structures. Body structures

preventable injuries and deaths in

been extremely positive across the

that collapse onto the people inside

emerging markets.

region with very high ratings for the

can have fatal or life-threatening

desirability of consumer information

consequences in real-world crashes.

Global NCAP also adopted

In Seoul Global NCAP also

In contrast to these positive results

This was partly due to the lack

presented its annual awards with

about vehicles safety and for the

Latin NCAP highlighted the fact

Euro NCAP and Volvo featuring

establishment of Latin NCAP as a

that these zero-rated cars are built by

among the winners (see page 18).

permanent legal entity.

companies that produce good, safe,

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

five-star cars at affordable prices for

priced products in emerging markets.

NCAP is calling for has precedent. In

buyers in other parts of the world.

Later in July Global NCAP wrote

The response from media and

to the CEOs of all the global vehicle

ensure that seatbelts would be fitted

consumers was overwhelming.

manufacturers, asking them to

in all models by 2008. Further letters

Commentators noted the double

consider a voluntary commitment to

were sent to the CEOs of Renault-

standards applied in vehicle

improve minimum safety standards

Nissan, Suzuki and General Motors,

manufacturers’ pursuit of high growth

in cars sold worldwide. The type of

urging them to apply the UN’s

and high profits with inferior, over-

voluntary commitment that Global

minimum crash safety standards.

2006, the car industry undertook to

Ford Focus III frontal crash test: consumers and manufacturers are responding positively to Latin NCAP’s programme

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

August 2013

October 2013 With more vehicles available with

Preparations began for the launch of

for eleven more vehicles that sell

good safety ratings, consumers are

the Safer Cars For India campaign.

across the Southeast Asia. The

able to make more informed choices

Popular small family cars have been

results revealed stronger results for

â&#x20AC;&#x201C;and there is greater pressure

purchased and exported to Germany

some the brands tested in Phase II

on manufacturers to ensure that

for crash testing. The campaign

of the programme. Three five-star

new model launches continue to

aims to highlight the failure of global

ratings were awarded and eight

measure up.

manufacturers to apply minimum

ASEAN NCAP published safety ratings

vehicles received four-star ratings.

Since the release of Phase I

safety standards to the cars sold

results earlier this year, ASEAN

in India and to encourage India to

NCAP not only conducted another

establish its own independent new

round of successful tests, they also

car assessment programme.

developed strong relationships with manufacturers, approved another crash test lab for testing within the region, and expanded the scope of their test programme to include larger people movers and SUVs.

The results of the consultation have been extremely positive across the region with very high ratings for the desirability of consumer information about vehicles safety and for the establishment of Latin NCAP as a permanent legal entity

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

November 2013 ASEAN NCAP and the Malaysian

to highlight the importance of

owned and driven. Comprehensive

Institute of Road Safety Research

child seats.

safety laws cover only 7 per cent of

(Miros) conducted a frontal collision

the world’s population.”

test on an old Proton Saga model

UN Secretary-General for the

at its Provisional Crash Safety

United Nations General Assembly

UN Secretary General recommends:

Engineering Unit (Crase) Crash

highlighted the growing role of

“Much more needs to be done to

Centre or PC3 in Melaka. The test

Global NCAP and the need for more

meet the goal of the Decade of

was performed to help correct a

comprehensive safety legislation.

Action. A more systematic approach

popular misconception that old

The report was prepared in

needs to be taken to address road

vehicles are more solid and safe than

partnership with the World Health

safety issues. The General Assembly

new models.

Organization, the United Nations

may wish to encourage Member

regional commissions and other

States to participate in new car

manufactured in 1990 crashed

partners of the United Nations Road

assessment programmes in order

on the driver’s side into the

Safety Collaboration. It provides an

to foster availability of consumer

stationary aluminium honeycomb

update on the recommendations

information about the safety

at approximately 64 km/h upon

contained in a number of key General

performance of motor vehicles.”

impact with three dummies inside

Assembly resolutions.

The Proton Saga sedan

the vehicle – two adults (driver and

Outlining the scale of the challenge

In the report’s conclusions, the

Safety and environmental regulation of motor vehicles were

front passenger). A three-year-old

facing the UN in The Decade of

debated by Transport Ministers from

toddler dummy was left unrestrained

Action for Road Safety (2011-2020),

the Latin America and the Caribbean

without a seatbelt on the rear seat

the report stated: “An estimated

at a meeting hosted by the Inter-

1.24 million lives were lost in 2010

American Development Bank (IDB).

as a result of road traffic crashes, of

Ministers and senior officials from

which 80 per cent were in middle-

18 countries participated in the

income countries. This is where 72

IDB’s Policy Dialogue meeting, which

per cent of the world’s population

also featured presentations from

lives but where only half of the

both Global and Latin NCAP and the

world’s registered vehicles are

United Nations.

Comprehensive safety laws cover only 7 per cent of the world’s population UN road safety report

A report on road safety by the

G LO B AL N CAP AN N UAL REPORT FOR THE YEAR ENDED 3 1 DECE M B ER 2 0 1 3

Latin NCAP’s crash test of the Nissan Tsuru revealed a shocking lack of protection in Mexico’s best-selling family car

that most of the region’s best selling

Global NCAP has organised a capacity

Secretary General, gave an overview

cars would fail to meet the UN’s

building project for the Ecuadorean

of the UN Decade of Action and the

minimum crash test standards. More

Government funded by the IDB which

contribution that safer vehicles can

encouragingly Latin NCAP has also

has enabled the Ministry’s senior

make to achieve the goal to cut

recently awarded its first ever five-

officials and engineers to attend a

forecast road deaths by 50% by 2020.

star safety rating for adult occupant

meeting of WP29 and visit the ADAC’s

protection to the SEAT New Leon which

vehicle testing facility at Landsberg,

gave an update on the work of Latin

represents a significant milestone in

Germany to assist in the preparation

NCAP summarising the results of the

automotive safety in Latin America.

of vehicle crash tests being carried

David Ward, Global NCAP’s

Technical Director Alejandro Furas

34 cars tested so far. These reveal

In association with Latin NCAP,

out for Global NCAP.

GLOBA L N C A P A N N UA L RE PO RT F O R THE Y EA R ENDED 3 1 DEC E M B E R 2 0 1 3

UPDATE ON: LATIN NCAP

he annual road fatality rate

established in 2010 as a joint

in Latin America is 17 deaths

initiative by the Fundación Gonzalo

per 100,000 individuals. This

Rodríguez, FIA Foundation, and

is almost double the average rate

International Consumer Research &

registered for high income countries

Testing (ICRT) together with Proteste,

where the average is 10 deaths per

the Brazilian consumer organization

100,000. It is projected that by 2020

and automobile clubs from Region

the rate in the region will reach 24

IV of the Federation Internationale

deaths per 100,000.1

de l’Automobile (FIA). Global NCAP

Latin New Car Assessment

became a partner of Latin NCAP in

Programme (Latin NCAP) is based

2011 and the programme is also

in Montevideo, Uruguay and was

supported by the Inter-American

Nani Rodriguez of the Gonzalo Rodriguez Foundation has helped host the Latin NCAP pilot project

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

The SEAT Leon became Latin America’s first five-star car, demonstrating that safer cars are possible in the region

news coverage and encouraged

are expected in 2014 and Latin NCAP

By 2013 Latin NCAP has become

governments taking regulatory

will become a permanent legal entity

a major stimulus for passenger car

action. The response from the

consolidating its role as a vehicle

safety having tested 34 models in

manufacturers has been a significant

safety champion in the region.

its initial three pilot phases. Its first

increase in the level of safety of the

tests revealed many zero and one

cars they are offering in the region.

star for top selling cars; a level of

By 2013 eleven models were awarded

safety twenty years behind North

four star ratings and the Seat Nuevo

America and Europe. This generated

Leon became the region’s first ever

strong regional and international

‘five star’ car. More five star results

Development Bank.

www.latinncap.com/en

1. See - Road Safety Strategy – IDB, Closing the Gap: Reducing road traffic deaths in Latin America and the Caribbean, Action Plan 2010-2015 page 3

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

UPDATE ON: ASEAN NCAP

he ten countries of the

improved vehicle safety can play

ASEAN region1 are already

an important part in the ASEAN

experiencing the negative

countries’ plans for the UN Decade.

safety impacts of rapid motorisation

So in December 2011, Global

with high fatality rates similar to

NCAP signed a memorandum of

Latin America. ASEAN’s vehicle

understanding with the Malaysian

sales are forecast to increase from

Institute of Road Safety Research

2.4 million in 2011 to 4.7 million

(MIROS) to launch the ASEAN

units by 2018 which potentially

New Car Assessment Program

makes the region the world’s sixth

(ASEAN NCAP). Also supporting the

largest automotive market. Given

project was the Australasian NCAP

the expected doubling in sales,

(providing technical support) and

Professor Dr Wong Shaw Voon, Director General of MIROS and ASEAN NCAP Chairman

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

In 2013 ASEAN NCAP released the first two phases of crash tests of 18 vehicles manufactured in the key markets of Malaysia, Thailand and Indonesia

the automobile associations from

the wide variation in vehicle safety,

it with the FLX+ model with dual

Malaysia (AAM), the Philippines (AAP),

with star ratings ranging from one to

airbags. In its latest Phase 3 tests

and Singapore (AA Singapore).

five stars. ASEAN NCAP has already

beginning in October 2013 ASEAN

In 2013 ASEAN NCAP released

achieved some early success. In their

NCAP will make a side impact.

the first two phases of crash tests

Phase 1 test, where Proton received

of 18 vehicles manufactured in the

a one-star rating for its single airbag

key markets of Malaysia, Thailand

Saga FLX compact car, the company

and Indonesia. The results highlight

stopped production and replaced

www.aseancap.org 1. Brunei Darussalam, Cambodia, Indonesia, Laos PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

ANNUAL AWARDS

he first annual Global NCAP

Innovation Award

outstanding role in road safety notably

awards were presented in 2012.

offered to an organisation that has

as NHTSA Administrator from 1977 to

The awards recognise three

made an outstanding contribution to

1981 and the creation of the first NCAP.

categories of achievement in consumer

innovation in motor vehicle safety,

INNOVATION: Robert Bosch GmbH in

related automobile safety as follows:

technology development, and design.

recognition of its development of crash avoidance technologies, in particular,

Consumer Champion Award

IN 2012 THE WINNERS WERE:

offered to an organisation promoting

CONSUMER CHAMPION: the US

consumer information about motor

National Highway Traffic Safety

IN 2013 THE WINNERS WERE:

vehicle safety.

Administration (NHTSA) in recognition

CONSUMER CHAMPION: the European

of its creation of the first ever New

New Car Assessment Programme for

Individual Achievement Award offered to an individual

Car Assessment Programme (NCAP)

its pioneering role in consumer crash

in 1978 and its continued promotion

testing and its contribution to the

who has made an outstanding

of global vehicle standards.

significant reduction in deaths and

contribution to motor vehicle safety

INDIVIDUAL ACHIEVEMENT: Joan

injuries in the European Union over the

and protection of consumers.

Claybrook in recognition of her

past 16 years.

electronic stability control.

INDIVIDUAL ACHIEVEMENT: went to three individuals who made a substantial contribution to Euro NCAP’s creation: Adrian Hobbs, formerly of the UK’s Transport Research Laboratory, Keith Rogers and Maurice Eaton, formerly of the UK’s Department for Transport. INNOVATION: the Volvo Car Corporation in recognition of the advances made by the company to improve the protection for vulnerable road users such as HRH Prince Michael of Kent with Joan Claybrook at the 2012 award ceremony and David Ward with Lotta Jakobbson of Volvo Cars receiving the 2013 Innovation award

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

pedestrians and cyclists.

HOW OUR WORK BENEFITS THE PUBLIC

ehicle crashes currently take round 1.3 million lives each year and injure

as many as 50 million people with many remaining disabled for life. Developing countries suffer most. They account for 90% of the casualties and by 2015 road traffic injuries will be the leading health burden for children over the age of five years growing up in these countries. Globally, vehicle occupants make up around 48% of all casualties. The burden vehicle crashes place on the hospitals and health systems is immense. The economic cost to developing economies is more than $100 billion a year. And by 2020 the number of deaths is forecast to rise

introduced to improve outcomes for

By providing clear, consistent,

to 1.9 million

the millions of pedestrians struck by

science-based information on the

cars every year, should be promoted.

safety of new vehicles, we can give

Many of these deaths and injuries are preventable. We think itâ&#x20AC;&#x2122;s vital

By governments introducing

developing countries access to the

that life-saving technologies are

minimum safety standards and by

same protection that consumers in

fitted to new cars that improve

empowering consumers to choose

North America and Europe enjoy.

protection for drivers and their

safer vehicles, vehicle manufacturers

passengers, particularly children.

are given powerful incentives to

Simple design changes that can be

improve vehicle safety.

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

HOW EFFECTIVE ARE WE?

ach year Global NCAP has an

Partner mobilisation

sustainability will depend on diversifying

independent expert review

Global NCAP has established a global

income sources and encouraging

of its effectiveness. Global

platform for all active NCAPs. Their

partners to develop similar secure

NCAP is evaluated against four

participation in the Annual Meeting

future funding. The current focus of

criteria as follows:

in Seoul was a step forward for the

fundraising is to enable additional

community. More broadly, Global

support to new NCAPs. Longer term it

Resource mobilisation

NCAP has been accepted by other

should be possible to secure core

Through its programme activities

stakeholders as a leader in vehicle

funding requirements through a mix of

with Latin and ASEAN NCAP,

safety. This includes the UN policy

additional grant support. Some vehicle

Global NCAP has generated

making community, research bodies,

testing activities and training could also

significant additional resource

car makers and their suppliers.

generate some income.

has been a result of sponsored

Innovation tests

Impact effects

vehicles in the second and third

By enabling the development of

It is premature to claim significant

phases. These have amounted to

NCAPs in regions like Latin America

injury reduction so early in Global

£632,993 (€754,662) in 2013, up

and ASEAN, Global NCAP is pioneering

NCAP’s life. However, through its

from £282,178 (€347,896) in 2012.

the use of consumer information

support for Latin and ASEAN NCAP

Donations were also made by

to drive safety standards. Our

significant progress is already being

International Consumer Research

global awards scheme is also a new

demonstrated. The number of cars

and Testing of £59,517 (€70,111)

opportunity to reward innovation

achieving acceptable occupant

in 2013 and £56,867 (€70,111)

and exceptional contribution to

protection scores has increased. Some

in 2012. Donations by the Inter-

vehicle safety. The creation of a

manufacturers are also fitting safety

American Development Bank of

global structure for co-operation and

technologies as standard ahead of any

$50,000 in 2012 and 2013 were

exchange of best practice between

regulatory requirement. More broadly

made to Latin NCAP. In ASEAN

NCAPs also promises to stimulate

Global NCAP is helping to shape

NCAP there has been an additional

further innovation.

perceptions of the priorities in vehicle

mobilisation. In Latin NCAP this

budgetary contribution from MIROS

safety policy. This has a positive

of €175,000. ASEAN NCAP building

Sustainability

impact on the UN Decade of Action

their P3 crash laboratory, estimated

Global NCAP mainly depends on grant

and supports implementation of its

at €2.5 million is an indirect

support from the FIA Foundation. The

Global Plan.

additional commitment.

Trustees recognise that long term

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

MOVING FORWARD IN 2014

n 2014, Global NCAP will publish the first-ever independent crash tests for some of India’s most

popular and important small cars. All the cars selected for testing will be subjected to both the UN’s R94 frontal impact at 56kph and an NCAP-speed test at 64kph. The results will highlight differences in the protection offered to consumers by local and global brands – and how the auto industry’s self-regulation on safety is failing to address the road safety crisis in India.

The ultra low cost Tata Nano is among the Indian models selected for crash testing

India is now a major global market and production centre for small cars. Indian consumers have a right to know how safe their vehicles are and

vehicle safety standards. Of the record level of 65 million

for organisations to ensure that the safety of their vehicle fleet provides

to expect the same basic levels of

new passenger cars built last year,

acceptable levels of protection to

safety as standard as customers in

as many as a third would fail to pass

their employees.

other part of the world.

the UN’s front and side crash tests,

In 2014, Latin NCAP will undertake a

Global NCAP will also publish new

and do not have air bags, anti-lock

fourth phase of vehicle tests. This will

guidelines for organisations operating

brake systems (ABS) or electronic

conclude its pilot phase to be followed

vehicle fleets. The fleet safety

stability control (ESC).

by the establishment of itself as a

guidelines will advise fleet purchasers

For companies with global

to select vehicles that have been rated

operations and fleets, the lack

by NCAPs with a five star safety rating.

of regulation by governments in

on fleet safety in Melbourne with

emerging markets and the absence of

Australasia NCAP on 5 May 2014.

The policy will also recommend that fleet managers confirm that the

independent crash tests has become

cars they purchase meet the most

a real concern.

important minimum United Nations

legal entity. Global NCAP will hold a forum

The annual meeting will be hosted by China NCAP at CATARC in Tianjin,

The guidelines will make it easier

China on 27 October 2014.

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

FINANCIAL REVIEW

Financial Review and Policy

of income and encouraging its own

by guarantee, number 07513900. The

partners to similarly develop secure

liability of the Trustees, as members,

Global NCAP’s statement of financial

funding for their future growth.

is limited to £1. Global NCAP is

activities is described on page 28.

governed by its Articles of Association.

Reserves Policy

The directors of Global NCAP are its

Financial Support

The Trustees aim to establish a reserve

Trustees for the purposes of charity law.

Global NCAP is pleased to acknowledge

equivalent to one year’s operating

The terms of the charity’s Articles of

grant support from the FIA Foundation

costs including core administration and

Association exclude the power to raise

for the Automobile and Society, the

annual meetings costs.

funds by the means of taxable trading,

International Consumer Research and

where such trading falls outside its

Testing, and the Road Safety Fund.

Grant Making Policy

In the 11 month period to 31 January

Global NCAP will consider applications

2013 Global NCAP received a grant of

for grants to support the development

Trustees

£778,158 (€916,667) [2012: £811,000

of NCAPs in emerging economies and

The membership of the Board is set out

(€1,000,000)] in the second year of a

to support the international work of

on page 2. In the period to 31 December

five year grant agreement with the

existing NCAPs provided the application

2013 the Board of Trustees met once on

FIA Foundation, a donation of £59,517

is consistent with the objects of the

the 29 May 2013.

(€70,111) [2012: £56,867 (€70,111)]

charity. Applications are considered

from the International Consumer

by the Board of Trustees and their

role in ensuring that the charity meets

Research and Testing, to support our

decision is final. The Trustees have

its objects. Their duties are set out in

work with Latin NCAP and as donation

made commitments to make grants as

Global NCAP’s Articles of Association and

of £74,002 (€87,174) [2012: Nil] from

described within this report.

are reinforced by the Trustees’ Code of

the Road Safety Fund. In addition Global NCAP received a donation of £800,000 (€925,040) from Mr Max

Structure, Governance and Management

an Anti-Bribery and Corruption policy. All the above documents are publically available on the Global NCAP website.

Charity Status Global NCAP is registered in England

Conflicts of interest

long-term sustainability of Global NCAP

and Wales as a charity, number

Global NCAP has a policy on conflicts

will depend on diversifying its sources

1141798, and as a company limited

of interest which applies to Trustees,

The Trustees recognise that the

Global NCAP’s Trustees play a critical

Conduct. Global NCAP has also adopted

Mosley, the chairman of the trustees of Global NCAP.

charitable objects.

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

and its employees. If a Trustee has a

The key elements of the internal

of company law) are responsible

material interest in any grant, or other

control system are:

for preparing the Trustees’ Report

matter being considered by Global

▶ Delegation there is a clear

and the financial statements in

NCAP that Trustee does not participate

organisational structure with

accordance with applicable law

in the decision on that grant or other

documented lines of authority and

and regulations.

matter. The same principle applies to

responsibility for control.

staff should they be able to influence

▶ Reporting the Board of Trustees

to prepare financial statements for

the charity’s funding decisions.

approves and reviews annual budgets

each financial period. Under that

and expenditure targets and monitors

law the Trustees have elected to

Public Benefit Reporting

actual and forecast expenditure and

prepare the financial statements in

The Trustees confirm that they have

investment reports on a regular basis.

accordance with United Kingdom

referred to the guidance contained in the

▶ Risk management the potential risks

Generally Accepted Accounting

Charity Commission’s general guidance

arising from Global NCAPs activities have

Practice (United Kingdom Accounting

on public benefit when reviewing the

been documented in a comprehensive risk

Standards and applicable law). Under

charity’s aims and objectives and in

company law the Trustees must not

planning future activities and setting the

significantly to follow best practice and

approve the financial statements

grant making policy.

provision of the UK Bribery Act 2010.

unless they are satisfied that they

The Trustees have reviewed the major

Company law requires the Trustees

give a true and fair view of the state

Internal Control and

risks to which Global NCAP is exposed

of affairs of the charitable company

Risk Management

and can confirm that all reasonable

and of the incoming resources and

The Trustees are responsible for Global

measures are being taken and systems

application of resources, including

NCAP’s systems of internal control and

have been established to control or

the income and expenditure, of the

effectiveness. No system of internal

mitigate the effect of these risks on the

charitable company for that period.

control can provide absolute assurance

achievement of the charity’s objectives.

statements, the Trustees are

against material misstatement or loss. However, Global NCAP’s system is designed to provide the Trustees with

In preparing these financial

Trustees Responsibilities for the Financial Statements

required to: ▶ select suitable accounting policies and then apply them consistently;

reasonable assurance that there are proper procedures in place and that they

The Trustees (who are also directors

▶ observe the methods and principles

are operating effectively.

of Global NCAP for the purposes

in the Charities SORP;

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

▶ make judgments and accounting

▶ there is no relevant audit

estimates that are reasonable and

information of which the charitable

statements the Trustees have:

prudent;

company’s auditors are unaware;

▶ followed best practice and have

▶ state whether applicable UK

▶ the Trustees have taken all steps

selected suitable accounting policies

Accounting Standards have been

that they ought to have taken to

and applied them consistently;

followed, subject to any material

make themselves aware of any

▶ made judgements and estimates

departures disclosed and explained

relevant audit information and to

that are reasonable, prudent and

in the financial statements;

establish that the auditors are aware

consistent;

▶ prepare the financial statements on

of that information.

▶ followed applicable accounting

the going concern basis unless it is

The Trustees are responsible for

standards and the Charity’s

inappropriate to presume that

the maintenance and integrity of the

SORPs, disclosing and explaining

the charitable company will continue

corporate and financial information

any departures in the financial

in business.

included on the charitable

statements; and

company’s website. Legislation in

▶ prepared the financial statements

keeping adequate accounting records

the United Kingdom governing the

on a going concern basis unless it

that are sufficient to show and explain

preparation and dissemination of

is inappropriate to assume that the

the charitable company’s transactions

financial statements may differ from

Charity will continue in operation.

and disclose with reasonable accuracy

legislation in other jurisdictions.

The Trustees are responsible for

at any time the financial position of the company and enable them to ensure that the financial statements comply

Accounting and Reporting Responsibilities

keeping accounting records which are such as to disclose with reasonable accuracy the financial position of the

with the Companies Act 2006. They are also responsible for safeguarding the

Company and Charity laws require

Charity at any time, and to enable

assets of the charitable company and

the Trustees to prepare financial

them as Trustees to ensure that the

hence for taking reasonable steps for

statements for each financial period

financial statements comply with

the prevention and detection of fraud

which give a true and fair view of the

the requirements of the Charity’s

and other irregularities.

Charity’s financial activities during the

Governing Document, Company

period and of its financial position as

Law and the Companies Acts. The

at its period end.

Trustees are also responsible for

In so far as each of the Trustees is aware:

In preparing these financial

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

safeguarding the Charity’s assets, and

• Australasian NCAP

Charity’s auditors for the purposes

hence taking responsible steps for the

• ASEAN NCAP

of their audit and to establish that

prevention and detection of fraud and

• Euro NCAP

the auditors are aware of that

other irregularities.

• Insurance Institute for Highway

information. The Trustees are not

Safety

Associate Members

aware of any relevant information of

• Latin NCAP

which the auditors are unaware. Montpelier Audit Limited have

According to Article 8.1 of Global

Note: Other established NCAP’s

expressed their willingness to

NCAP’s Memorandum and Articles

attend the Advisory Council and

continue in office and a resolution to

of Association the Trustees may

the Annual Meetings as Observers.

re-appoint them will be proposed at

establish different classes of

Neither Associate Members nor

the annual general meeting.

membership. Accordingly the

Observer NCAPs have any role or

Trustees at their meeting on 29 May

responsibility in determining the

2011 established a class of Associate

decision making of Global NCAP’s

Members with the following

Trustees who act entirely in an

entitlements:

independent capacity.

• serve as an Advisory Council annually reviewing activities

Other Matters

• receive an annual report on Global NCAP activities

CHARITABLE DONATIONS

• be invited to attend the Global

During the period no other charitable

NCAP annual meetings

or political contributions were made

• pay no subscription nor have any

by the charity.

legal responsibilities or liabilities for AUDITOR

On behalf of the Trustees

All of the current Trustees have taken

Max Mosley

Currently the following

all steps that they ought to have

Chairman

organisations are Associate

taken to make themselves aware

24 September 2014

members of Global NCAP:

of any information needed by the

the activities of GNCAP

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL NCAP

We have audited the financial statements of Global New Car

Respective Responsibilities of Trustees and Auditor

Assessment Programme for the year

Car Assessment Programme, in

ended 31 December 2013, which

As explained more fully in the Trustees’

accordance with the terms of our

comprise a Statement of Financial

Responsibilities Statement set out on

engagement letter. Our work has

Activities, Balance Sheet and the

pages 23-24, the trustees (who are also

been in accordance with AAF 2/10 so

related notes. The financial reporting

directors of Global New Car Assessment

that we might compile the financial

framework that has been applied in

Programme for the purposes of

statements that we have been

their preparation is applicable law

company law) are responsible for

engaged to compile, report to the

and United Kingdom Accounting

the preparation of the financial

Company’s Trustees that we have

Standards (United Kingdom Generally

statements and for being satisfied

done so and state those matters

Accepted Accounting Practice).

that they give a true and fair view.

we have agreed to state to them in

This report is made solely to the

The Trustees have elected for the

this report and for no other purpose.

charity’s trustees and members, as

financial statements to be audited

To the fullest extent permitted by

a body, in accordance with Chapter

in accordance with the Charities Act

law, we do not accept or assume

3 of Part 16 of the Companies Act

2011,rather than the Companies

responsibility to anyone other than

2006 and the Charities Act 2011. Our

Act 2006. we have been appointed

Global New Car Assessment and its

audit work has been undertaken so

as auditor under Section 144 of the

Trustees as a body, for our work for

that we might state to the charity’s

Charities Act 2011 and report in

this report.

trustees and members those matters

accordance with regulations made

we are required to state to them

under Section 154 of the Act.

in an auditor’s report and for no

This report is made solely to the Trustees of Global New

Our responsibility is to audit and

Scope of the audit of the financial statements

other purpose. To the fullest extent

express an opinion on the financial

permitted by law, we do not accept or

statements in accordance with

An audit involves obtaining evidence

assume responsibility to anyone other

applicable law and International

about the amounts and disclosures

than the charity and the charity’s

Standards on Auditing (UK and

in the financial statements sufficient

trustees and members as a body, for

Ireland). Those standards require us

to give reasonable assurance

our audit work, for this report, or for

to comply with the Auditing Practices

that the financial statements are

the opinions we have formed.

Board’s Ethical Standards for Auditors.

free from material misstatement,

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

whether caused by fraud or error.

and expenditure for the period then

report to you if, in our opinion:

This includes an assessment of:

ended;

▶ The information given in

whether the accounting policies

▶ have been properly prepared in

the Trustees’ Annual report is

are appropriate to the company’s

accordance with United Kingdom

inconsistent in any material respect

circumstances and have been

Generally Accepted Accounting

with the financial statements: or

consistently applied and adequately

Practice;

▶ the charity company has not kept

disclosed; the reasonableness of

▶ have been prepared in accordance

adequate accounting records; or

significant accounting estimates

with the requirements of Companies

▶ the financial statements are not

made by the trustees; and the

Act 2006; and

in agreement with the accounting

overall presentation of the financial

▶ are consistent with the information

records and returns; or

statements. In addition, we read

given in the Trustee’s Annual Report.

▶ we have not received all the information and explanations we

all the financial and non-financial information in the Trustees Report to identify material inconsistencies with the audited financial statements.

Opinion on other matters prescribed by the Companies Act 2006

require for our audit.

If we become aware of any apparent material misstatements

In our opinion the information

or inconsistencies we consider the

given in the Trustees Report for the

implications for our report.

financial period for which the financial statements are prepared is consistent

Opinion on Financial Statements In our opinion the financial statements: give a true and fair view

with the financial statements.

Irvin Fishman FCA Senior Statutory Auditor

Matters on which we are required to report by exception

of the state of the Charity’s affairs

For and on behalf of Montpelier Audit Limited Chartered Accountants 58–60 Berners Street

as at 31 December 2013 and of the

We have nothing to report in respect

London, W1T 3JS

incoming resources and application

of the following matters where the

24 September 2014

of resources, including its income

Charities Act 2011 requires us to

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

STATEMENT OF FINANCIAL ACTIVITIES

31 DEC 2013

31 JAN 2013

INCOMING RESOURCES

RESTRICTED FUNDS (£)

Grants receivable

911,678

867,967

Donations

981,583

Car testing programme

632,993

282,178

31,180

5,945

2,563,379

1,150,145

134,583

332,425

1,068,667

713,481

126,358

82,845

5,950

6,500

TOTAL RESOURCES EXPENDED

1,335,558

1,135,251

NET INCOMING RESOURCES

1,227,821

14,894

1,227,821

14,894

326,843

311,949

1,554,664

326,843

Project income Bank interest receivable TOTAL INCOMING RESOURCES *

TOTAL (£)

RESTRICTED FUNDS (£)

TOTAL (£)

CHARITABLE ACTIVITIES Grants payable *4 Direct operating costs *

Other resources expended *

GOVERNANCE COSTS Audit fees

Net movement in funds Fund balances at 1 February 2013 FUND BALANCES AT 31 DECEMBER 2013

* The notes on pages 17 to 20 form part of these financial statements.

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

BALANCE SHEET

31 DEC 2013 (£)

(£)

FIXED ASSETS * * 6,

31 JAN 2013 (£)

1,436

(£) 966

CURRENT ASSETS Debtors *7 Cash at bank

855,487

8,461

1,017,690

981,989

1,873,177

990,450

(319,949)

(664,573)

CREDITORS Amount due within one year *8 NET CURRENT ASSETS

1,553,228

325,877

TOTAL NET ASSETS

1,554,664

326,843

Restricted Funds

1,554,664

326,843

TOTAL FUNDS *9, *10

1,554,664

326,843

REPRESENTED BY

* The notes on pages 30 to 35 form part of these financial statements.

The financial statements were approved by the Board on 24 September 2014

Mr Max Mosley Director/Trustee Company registration number: 07513900 Charity number: 1141798

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

NOTES TO THE FINANCIAL STATEMENTS

1 PRINCIPAL ACCOUNTING POLICIES A) BASIS OF PREPARATION

B) FEES AND SIMILAR INCOME

donor are taken to “restricted

each asset over its expected

The financial statements of

Fees receivable are

funds” where these wishes are

useful life, as follows:

the Charity are prepared in

accounted for in the period

legally binding on the Trustees.

Computer Equipment at

accordance with The Charities

in which the service is

D) CHARITABLE EXPENDITURE

25% reducing balance basis.

(Accounts and Reports)

provided. Fees receivable

Expenditure designated

F) EXCHANGE RATE

Regulations 2008 and the

are stated after allowing for

as charitable expenditure

Monetary assets and liabilities

Statement of Recommended

contributions from restricted

represents costs directly

denominated in foreign

Practice “Accounting and

funds for Scholarships,

attributable to the principal

currency are translated

Reporting by Charities”

Bursaries and other grants.

activities of the Company.

into sterling at the rates of

issued in August 2007

C) DONATIONS AND FUND

E) DEPRECIATION

exchange ruling at the |balance

(“SORP”), the Companies Act

ACCOUNTING

Tangible Fixed Assets

sheet date. Transactions in

2006 and other applicable

Donations received for the

are stated at cost less

foreign currencies are recorded

accounting standards. These

general purposes of the Charity

depreciation. Depreciation is

at the rate ruling at the date of

financial statements are

are included as unrestricted

provided at rates calculated

the transaction. Any differences

drawn up on the historical

funds. Donations for activities

to write off the cost less

are taken to the Statement of

cost accounting basis.

restricted by the wishes of the

estimated residual value of

Financial Activities.

2 INCOMING RESOURCES 31 DEC 2013 RESTRICTED FUNDS (£)

TOTAL (£)

RESTRICTED FUNDS (£)

TOTAL (£)

Grants receivable

911,678

867,967

Donations

981,583

Car testing programme

632,993

282,178

31,180

5,945

2,563,379

1,150,145

Project income Bank interest receivable TOTAL

31 JAN 2013

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

3 DIRECT OPERATING COSTS 31 DEC 2013 RESTRICTED FUNDS (£) Cars acquired for testing

31 JAN 2013 TOTAL (£)

RESTRICTED FUNDS (£)

TOTAL (£)

68,370

50,983

488,123

235,483

12,912

118,560

69,202

Training programme

17,642

Research Costs

24,491

Consultancy fees

111,353

47,486

Programme management

25,744

10,194

Annual meetings

42,564

167,443

171,820

119,778

1,068,667

713,481

Testing, inspections and audit CISEV costs Freight

Travel, hotel and subsistence TOTAL

4 GRANTS PAYABLE 31 DEC 2013 RESTRICTED FUNDS (£)

31 JAN 2013 TOTAL (£)

RESTRICTED FUNDS (£)

TOTAL (£)

ASEAN New Car Assessment Programme

42,445

170,428

Latin New Car Assessment Programme

92,138

152,523

Euro New Car Assessment Programme

9,474

134,583

332,425

TOTAL

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

5 RESOURCES EXPENDED 31 DEC 2013 RESTRICTED FUNDS (£) Salaries

31 JAN 2013 TOTAL (£)

RESTRICTED FUNDS (£)

TOTAL (£)

34,289

33,454

3,863

3,595

Employers pensions

3,463

5,132

Insurance

6,453

3,067

Printing, postage and stationery

3,574

2,296

Telephone

2,820

2,079

Computer and website costs

7,995

2,923

2,011

Promotions

7,387

4,157

Rent

9,805

10,220

34,780

13,828

Bank and credit card charges

2,960

1,505

Foreign curency translation differences

7,050

(2,298)

Sundry expenses

1,493

554

426

322

126,358

82,845

Employer’s national insurance contributions

Photos and videos

Legal & Professional Fees

Depreciation TOTAL

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

6 TANGIBLE FIXED ASSETS COST

7 DEBTORS (£) 1,717

At 1 February 2013

889

Additions

2,606

AT 31 DECEMBER 2013 DEPRECIATION At 1 February 2013

751

Charge for the Year

419

AT 31 DECEMBER 2013

31 DEC 2013

1,170

(£)

31 JAN 2013 (£)

Trade debtors

447,700

Other debtors

2,630

2,701

Prepayments

4,369

5,760

Accrued income

188,502

Gift Aid tax refund

193,056

19,230

855,487

8,461

receivable Value Added Tax TOTAL

NET BOOK VALUE At 31 December 2013 At 31 January 2013

1,436 966

8 CREDITORS 31 DEC 2013 AMOUNTS FALLING

(£)

31 JAN 2013 (£)

DUE WITHIN ONE YEAR Trade creditors Accrued grant income Credit cards Accruals Taxation and social

40,153

10,026

614,613

10,802

9,309

260,436

18,550

2,152

1,266

8,463

8,657

319,949

664,573

security Value Added Tax Other creditors TOTAL

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

9 SUMMARY OF NET ASSETS BY FUNDS TANGIBLE FIXED ASSETS (£) RESTRICTED FUNDS CARRIED FORWARD

NET CURRENT ASSETS(£)

1,436

1,553,228

TOTAL NET ASSETS (£) 1,554,664

10 MOVEMENT ON RESERVES AT 1 FEB 2013 (£) RESTRICTED FUNDS

NET INCOMING RESOURCES(£)

326,843

TOTAL AT 31 DEC 2013 (£)

1,227,821

1,554,664

31 DEC 2013

31 JAN 2013

NIL

11 TRUSTEES’ EMOLUMENTS TRUSTEES’ EMOLUMENTS

None of the trustees received any benefits arising from the Company’s charitable activities.

G LO B AL N CAP AN N UAL REPORT FOR THE PERIOD ENDED 3 1 DEC EM B ER 2 0 1 3

12 STAFF SALARIES A) STAFF NUMBER AND COSTS 31 DEC 2013

The average number of persons employed by the Charity during the period was as follows:

31 JAN 2013

NUMBER

(£)

W(£)

34,289

33,454

Staff

The aggregate payroll cost of this person is as follows:

Salaries

THERE WERE NO EMPLOYEES WITH EMOLUMENTS GREATER THAN £60,000.

13 RELATED PARTY TRANSACTIONS During the period, the charity

were paid to MacLennan

paid fees of £5,403 (€6,364)

Ward Limited, a company in

[2013: £9,751 (€12,022)] to

which the General Secretary

from the FIA Foundation

(€925,040) from Mr Max

Euro New Car Assessment

of the charity, Mr David Ward

for the amount of £778,158

Mosley, the chairman and

Programme, an associate

is a director.

(€916,667) [2012: £811,100

trustee of the charity.

member of the charity, for services rendered. Consultancy fees for £24,532 (€28,899) [2012: £Nil]

Grants have been made for

Note 4 Grants Payable. The charity received grant

The charity also received a donation of £800,000

(€1,000,000)]. Mr Max Mosley,

the benefits of projects run

the chairman and trustee of

by Global NCAP Associate

the charity is also a trustee of

Members as disclosed in

the FIA Foundation.

GLO BA L N C A P A N N UA L RE PORT F O R THE P ERI O D ENDED 3 1 DEC E M B E R 2 0 1 3

ANCAP ancap.com.au

ASEAN NCAP aseancap.org

CHINA NCAP c-ncap.org.cn

JNCAP nasva.go.jp

KNCAP car.go.kr

LATIN NCAP latinncap.com

EURO NCAP euroncap.com

5-Star Safety Ratings More Stars. Safer Cars.

US NCAP safercar.gov

IIHS iihs.org