INTERNATIONAL ROAD ASSESSMENT PROGRAMME
Financial health, per its FY2023 accounts
The accounts state that the charity achieved a surplus of £316,355 for the year ended 31 December 2023, compared to a loss in the previous year. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis of preparation.
What the accounts disclose
“In light of increased staff commitments, the Trustees have agreed that iRAP should continue to grow its reserves towards £1,070k.”
“The wholly owned subsidiary, Road Assessment Services Limited, which is incorporated in the United Kingdom, pays its taxable profits to the charity by equity distribution.” — page 29
Leadership, per the charity’s website
- Greg Smith — Chief Executive Officer
- Rob McInerney AO — Chief of Future Impact
- Helen Noble — Chief Financial Officer
Funders the charity credits
- FIA Foundation
- Aleatica Foundation
- FedEx
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Avi Shalom Hayyim Silverman
- Dr Olive Chifefe Kobusingye
- Dr Susan Sharland
- Ferdinand Emanuel Smith
- Ian Andrew Gillespie
- MIQUEL NADAL
- Raquel Barrios Quintanilla
- Shane O'Connor
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.3m | £4.0m |
| 31/12/2023 | £3.3m | £3.0m |
| 31/12/2022 | £2.2m | £2.3m |
| 31/12/2021 | £2.3m | £2.1m |
| 31/12/2020 | £1.7m | £1.8m |
Common questions
Is INTERNATIONAL ROAD ASSESSMENT PROGRAMME financially healthy?
The accounts state that the charity achieved a surplus of £316,355 for the year ended 31 December 2023, compared to a loss in the previous year. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis of preparation. Its FY2023 accounts were audited by Cooper Parry Group Limited.
Who funds INTERNATIONAL ROAD ASSESSMENT PROGRAMME?
Funders whose own accounts filings name INTERNATIONAL ROAD ASSESSMENT PROGRAMME as a grant recipient include FIA FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| FIA FOUNDATION | FY2024 | £1.5m |
| FIA FOUNDATION | FY2023 | £1.5m |
| FIA FOUNDATION | FY2023 | £1.5m |
| FIA FOUNDATION | FY2023 | £1.5m |
| FIA FOUNDATION | FY2025 | £1.4m |
| FIA FOUNDATION | FY2025 | £100k |