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                                 Review 2005
Contents




 04 Michael Schumacher interview




 08 Think Before You Drive 12 Forests for F1                 14 Motor Sport Marshals

01   Introduction -           06   Keeping Up The Pressure   20    Activities Roundup
     Rosario Alessi,               - Global Road Safety
     Chairman                                                22    Abridged Accounts
                              08   Think Before You Drive
02   Overview - David Ward,                                  36    Board of Trustees and
     Director General         10   Think Before You Drive          Staff
                                   - The Story So Far
04   Safety Champion:
     Interview with           12   Forests for Formula One
     Michael Schumacher
                              14   Motor Sport Marshals

                              16   The Road Inspectors

                              18   International Policy
                                   Forum 2005
Introduction - Rosario Alessi, Chairman




Strong partnerships are at the heart of the work of the FIA Foundation. We
are fortunate to enjoy valuable links with our membership of automobile clubs
across the world, and the many committed campaigners and researchers in
these motoring organisations ensure that the FIA Foundation’s activities are
rooted in local knowledge and realities.
Our international partnerships are equally vital. In the area of road safety our continuing cooperation with the
World Health Organisation and other United Nations agencies is paying dividends through greater efficiency
and focus in how the international community tackles road traffic injuries. In the environmental field the FIA
Foundation is proud to support the United Nations Environment Programme’s Partnership for Clean Fuels and
Vehicles, leading the campaign for a cleaner environment across the developing world.

In 2005 the FIA Foundation has also been working in partnership with Bridgestone Corporation on a worldwide
road safety advice campaign, ‘Think Before You Drive’. We are grateful for the support of the Ferrari Formula
One team, and in particular Michael Schumacher and Rubens Barrichello, in helping to bring the messages of
this campaign to the widest possible audience.

Our 2005 Review reflects the vitality and range of all these partnerships, and on behalf of my fellow trustees I
would thank every individual and organisation who has worked with the FIA Foundation to deliver our charita-
ble objectives this year.




Rosario Alessi
Chairman
FIA Foundation




                                                                             FIA Foundation Review 2005 | 1
King Juan Carlos II of Spain meets the FIA Foundation crash test dummy at the launch of Think Before You Drive
Overview - David Ward, Director General




Maintaining momentum in global road                         tial for new vehicle technologies to prevent crashes;
                                                            and the development of safety protocols for child re-
safety through international and                            straints: just some of the ongoing research projects
local action has been the central                           which should demonstrate real benefits for road safe-
                                                            ty, and sit alongside our continuing support for car
theme of the FIA Foundation’s activi-                       crash tests and independent highway assessments.
ties in 2005.
                                                            Active in environmental policy, the FIA Foundation
We have played a leading role in the new United             has funded emissions testing of new cars by the
Nations Road Safety Collaboration, mandated by the          ADAC and an evaluation of fuel efficiency policies by
UN General Assembly in 2004, which brings together          the European Conference of Ministers of Transport.
all the major stakeholders in global road safety. This      We continue to devote significant resources to motor
body has identified key road injury ‘risk factors’ as a     sport safety through the new FIA Institute for Motor
priority for collective action and the FIA Foundation is    Sport Safety, which is managing an exciting portfolio
involved in developing the practical tools needed to        of technological research, as well as leading practical
tackle road traffic injuries.                               safety and medical training for the officials and volun-
                                                            teers who are essential to ensure motor sport events
These risk factors are also at the heart of the FIA         are enjoyable and safe.
Foundation’s global campaign ‘Think Before You
Drive’, in partnership with Bridgestone Corporation         More details on the projects and issues highlighted
and automobile clubs. Seat belt use, drink driving          in Review 2005, and information on all the FIA Foun-
and speed are all factors covered by the three year         dation’s activities, can be found on our website www.
campaign, which has so far been launched in several         fiafoundation.com
countries in Europe and southern Africa, and in Brazil
with the additional welcome support of Shell.

The FIA Foundation has continued to enable ground-
breaking research through our grant programme. The          David Ward
effectiveness of high visibility clothing in reducing in-   Director General
juries amongst motorcyclists in Malaysia; the poten-        FIA Foundation



                                                                                FIA Foundation Review 2005 | 3
                                 Road Safety Champion

                                 Seven times Formula One World
                                 Champion Michael Schumacher tells
                                 the FIA Foundation why road safety is
                                 so important to him.
                                 Q: Why are you concerned by road safety?

                                 A: I was shocked to learn that more than 1.2 million
                                 people are killed every year on the roads. That is more
                                 than three thousand people every day. Or think of it
                                 another way – it’s the equivalent of the entire crowd at
                                 a Formula One race being killed every month. Casu-
                                 alties are still rising steeply in many parts of the world
                                 and are predicted to almost double in some develop-
                                 ing countries. So we can and should all do more to
                                 prevent these tragic deaths and injuries.



4 | FIA Foundation Review 2005
Q: You have been supporting the FIA Founda-                   Q: One of the key messages of the campaign cov-
tion’s Think Before You Drive campaign this year.             ers seat belt use. Can you explain why seat belts
Why do you think the campaign is important?                   are so important?

A: I have been very pleased to support this cam-              A: As a Formula One driver, I know that my seat belt
paign at several Grand Prix races, and I was always           is vital to keep me safe in a race. As a car driver,
open to support similar campaigns in the years be-            I know that my seat belt is just as vital to keep me
fore. The messages are simple but essential: wearing          safe on the road. If I have a collision my seat belt can
seat belts, using head restraints correctly, checking         make the difference between life and death. It´s as
tyre condition. As a professional racing driver I know        simple as this.
that my safety is the first priority. I always follow these
basic safety measures on the track and on the road.           Child seats are also vital. Children should always be
But there are millions of people who probably never,          safely restrained in a suitable car seat or seat belt.
or rarely, think about these things. If I can in a way
help them, or remind them, that has to be a good              That is the least you can do to protect them in a
thing.                                                        car.


“My seatbelt can make the difference between life
and death. It’s as simple as this”
Q: As a racing driver you are associated with high            Q: Another message of this campaign is that
profile, high speed driving. Are you really an ap-            head restraints play an important role in prevent-
propriate figurehead for a road safety campaign?              ing whiplash injuries. What advice can you give
                                                              about this?
A: Road safety is a vital concern for everyone. As a
professional racing driver, I demand and expect the           A: In Formula One we take neck protection very se-
highest possible safety standards in my racing car            riously. All drivers wear the HANS system for head
and on the track. We should all expect the same at-           and neck protection, which has helped to reduce or
tention to safety in our cars and on our roads – and          prevent a lot of injuries.
we should be well aware about the difference of mov-
ing on a racing track or on normal streets.                   Head restraints in passenger cars play an equally
                                                              important role. Whiplash is a very common and very
It is also important to stress that every driver, even        painful injury. Adjusting your head restraint so that the
Formula One world champions, can make mistakes                top of the restraint is level with the top of your head,
and every driver should be aware of their limitations         and as close as possible to the back of your head,
and not take risks. It is a particularly important mes-       can help prevent these injuries. You should check
sage for young male drivers who are most at risk on           your head restraint every time you get in the car.
the road and also the biggest fans of motor racing. If
I can help to make just some of these people listen to        Q: You’ve talked about rising traffic deaths in de-
road safety messages and think about then and act             veloping countries. But the trend in the rich indus-
on them, then my participation in the campaign will           trialised countries – including most of the places
be worthwhile.                                                that host grand prix meetings – has been falling
                                                              deaths and injuries for decades. Do you think
Q: Tyres are a vital safety component that are of-            there is still a need for this kind of road safety
ten overlooked and neglected by drivers. How im-              campaign in Europe, Australia or the US?
portant is tyre maintenance?
                                                              A: You can never be complacent about safety. That is
A: On the race track, as anyone who has followed              as true on the race track where we are probably the
Formula One this season will know, the performance            most heavily regulated drivers in the world, as on the
of tyres can make the difference between winning              road. Too many people are still being killed, even in
and losing, and is also vital for safety. On the road,        the countries with the best safety records, like UK and
the performance of your tyres could make the differ-          Sweden. So the messages of this campaign; on tyre
ence between living and dying.                                safety and seat belts, but also on speeding and drink
                                                              driving, need to be heard and understood.
You need to check tyres regularly, at least once a
month. Check the tyre pressure, check the condition
of the tyres, make sure there are no cracks or tears
and the tread depth is okay. That´s already it.



                                                                                   FIA Foundation Review 2005 | 5
Keeping Up The Pressure

A new alliance is being forged to tackle the
hidden epidemic of global road traffic injuries.
The UN Collaboration is the first of its kind for road safety, mandated
by a 2004 UN General Assembly resolution to bring together key
players from a range of sectors including health, road safety, child
protection and transport.

The Collaboration, coordinated by the WHO, includes all five UN
regional economic commissions and other UN agencies such as
UNICEF, as well as a number of NGOs – including the FIA Founda-
tion.

Topping the agenda: how the group can effectively work for global
road safety

The outcome: an action plan to address the core road crash ‘risk
factors’, as identified by the WHO/World Bank world report on road
traffic injury prevention. These include non use of seat belts or mo-
torcycle helmets, inappropriate speed and drink driving

Thousands of lives could be saved if only countries with poor road
safety records have access to information, experience and initia-
tives that can help them to tackle the causes of road traffic injuries.
So a series of best practice road safety manuals are now being de-
veloped based on the FIA Foundation’s highly successful Seat Belt
Toolkit. These guides will be targeted primarily towards road safety
policy makers in those middle and low income countries that bear
the highest burden of road casualties.

“We are perfectly aware of the immensity of the challenge and the
implications’, says Jose Capel Ferrer, Director of the Transport Divi-
sion of the UN Economic Commission for Europe. “But I am con-
fident that we have contributed to success in road safety in other
countries, and that we can also succeed at the global level. We are
ready to cooperate with the WHO and with other regional commis-
sions in tackling this problem and we are firmly committed to do
whatever we can”.

Raising political awareness of road safety will be vital if the practical
tools now being developed are to be accepted and used by govern-
ments across the world. To that end, the UN Road Safety Collabora-
tion is backing the first ever UN Global Road Safety Week, in April
200.

The coalition for global road safety is keeping up the pressure for
international action on road traffic injuries.




                                    FIA Foundation Review 2005 | 
Think Before You Drive

What do a globetrotting crash test dummy, the
world’s most famous motor racing team and the
King of Spain have in common?
The answer: they have all backed the Think Before You Drive cam-
paign, a worldwide road safety initiative led by the FIA Foundation
and Bridgestone Corporation, together with motoring organisations
across the globe, which aims to raise awareness of simple road
safety measures, like using a seat belt or reducing speed, that can
help prevent, or potentially reduce the injury severity of, a crash.

The messages of Think Before You Drive are consistent with many
of the key ‘risk factors’ identified by the WHO / World Bank World
Report on road traffic injury prevention in 2004, and which are now
the focus of activity for the United Nations Road Safety Collabora-
tion.

The campaign, announced by FIA President Max Mosley and Bridge-
stone President Shigeo Watanabe at the Geneva International Mo-
tor Show in March 2005, was launched at the Spanish Grand Prix in
Barcelona with a high profile press conference attended by Ferrari
Formula One drivers Michael Schumacher and Rubens Barrichello.
The campaign gained its first royal endorsement when King Juan
Carlos II of Spain stopped to chat with the Think Before You Drive
crash test dummy, who acts as the campaigns ‘road safety expert’.

The campaign was launched in seven European countries during
the summer of 2005, with automobile clubs in each country taking
the messages of Think Before You Drive out on the road, to shop-
ping malls, exhibitions and town squares. Millions of safety advice
booklets were distributed, often with the active support of local traffic
police. Safety experts from Bridgestone checked tyre pressures and
condition at a number of locations. At several Formula One grand
prix events, press briefings have been held with Michael Schumach-
er and Rubens Barrichello, whose commitment to publicising road
safety has ensured widespread media coverage.

Africa got in on the act in September, with the campaign launching
in Kenya and Mauritius. Automobile clubs in Uganda, Mozambique,
Ghana and Botswana are also participating during 2005, while the
Automobile Association of South Africa kicked off its major campaign
in October 2005.

The campaign took to the streets of Brazil in September, with a
launch by the Automobile Association of Brazil in Sao Paulo, fol-
lowed by events at the Interlagos circuit during the Brazilian Grand
Prix. China, Australia and and a number of Asian, Central and South
American countries are set to join in 2006.

‘Think Before You Drive’ – coming soon to a street near you!




                                    FIA Foundation Review 2005 | 
Think Before You Drive...The Story So Far




  Geneva Motor Show                           Global Launch - Spanish Grand Prix
  March 2005                                  May 2005

  FIA President Max Mosley                    Ferrari Formula One stars            King Juan Carlos II of Spain
  and Bridgestone CEO                         Michael Schumacher and               backs Think Before You Drive
  Shigeo Watanabe                             Rubens Barrichello launch the        as he meets our crash test
  announce a partnership for                  Think Before You Drive               dummy, the icon of the
  road safety, Think Before                   campaign with the Royal              campaign.
  You Drive.                                  Automobile Club of Catalonia
                                              (RACC).




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                                         01                                                                       02




  Austria                                     United Kingdom                         Spain
  June 2005                                   July 2005                              July 2005

  Vienna’s Baby Expo is the                   Police officers check out the          The start of the summer
  launch site for the Austrian                FIA Foundation seat belt               holiday getaway is the cue
  Think Before You Drive                      slide at the British Grand             for the Royal Automobile
  campaign, led by Austrian                   Prix. Hundreds of thousands            Club of Spain (RACE) to
  automobile club, OAMTC.                     of booklets are distributed            advise on seat belt use,
  The crash test dummy                        via motorway service station           launching Think Before You
  dispenses advice to parents.                Moto, in a campaign spear-             Drive with the Spanish
                                              headed by the RAC                      Directorate-General for
                                              Foundation.                            Road Traffic.




                                         03                                   04                                  05



10 | FIA Foundation Review 2005
     Germany                              Hungary                               Belgium
     August 2005                          August 2005                           September 2005

     Bridgestone’s road safety            Rubens Barrichello briefs             Cycling hero Eddy Merckx
     teams check tyre pressures           journalists in the Bridgestone        joins Michael Schumacher
     at shopping centres around           motor home at the                     at Spa to support the Royal
     the country as national              Hungarian Grand Prix at the           Automobile Club of Belgium
     sporting hero Michael                start of the nationwide               (RACB) in promoting Think
     Schumacher kicks off the             campaign organized by                 Before You Drive. Belgium’s
     German campaign, led by              Magyar Autoklub (MAK).                traffic police are also
     German auto club AvD.                                                      mobilised to support the
                                                                                campaign.




06                                   0                                    08




     Italy                                Kenya                                 Brazil
     September 2005                       September 2005                        September 2005

     Rubens Barrichello briefs            In a country which can ill af-        Local hero Rubens
     journalists at Monza, in             ford the human and                    Barrichello teams up with
     advance of the Automobile            economic cost of road                 fellow F1 driver Tiago
     Club of Italy’s (ACI) launch         crashes, transport minister           Monteiro in Sao Paulo, to
     of its Think Before You Drive        Chris Murungaru supports              drive home the message of
     campaign at an international         David Njoroge, Director of            the Automobile Association
     road safety conference in            the AA of Kenya, in                   of Brazil’s campaign.
     October.                             promoting the vital road
                                          safety messages of Think
                                          Before You Drive.




0                                   10                                    11



                                                                           FIA Foundation Review 2005 | 11
Forests for Formula One

Tackling global warming requires international
treaties, lifestyle changes, complex technology
and political determination.
But farmers in Mexico have a role to play too.

Carbon emissions from two motor sport championships, Formula
One and the World Rally Championship, are offset through humble
tree planting in the province of Chiapas, in southern Mexico, in a
project supported by the FIA Foundation.

Carbon emissions from the transportation and racing associated with
the championships’ season is calculated by climate change experts
from Edinburgh Climate Change Management (ECCM). The FIA
Foundation then purchases sufficient carbon sequestration credits
to offset this carbon footprint. Carbon sequestration works by storing
“captured carbon” in trees and woody vegetation as woody biomass
which then releases oxygen into the atmosphere.

The carbon sequestration project Chiapas, known as ‘Scolel Té’, was
established with support from the UK Department for International
Development, and is recognised by the Mexican and US Govern-
ments, and by the United Nations Environment Programme (UNEP).
The local community is central to the project and has organised a
community assembly to ensure the forestry and agro-forestry ac-
tivities that are part of the project are planned by local people and
respond to local needs. Farmers on the project have benefited by
being able to establish new forests on unproductive or deforested
land.

“We have organised the use of the land in our community much
better”, says local farmer Domingo Hernández Jiménez. “We have
now defined areas of damaged forest to be restored and have also
established a protected area around the springs that provide water
to the community. Most of us are also changing the way we cultivate
our land, we have stopped burning the brush and straw and have
started to make barriers to conserve the soil. We have seen that
these things work and that the crops are producing more now”.

It is hoped that carbon sequestration through projects such as this
will provide a useful contribution as part of a broader climate change
strategy. The project has been cited as a model for responsible car-
bon sequestration by forestry, with one of its principle benefits being
the developmental support provided to local foresters in a region
experiencing high levels of poverty and childhood malnutrition.

And the FIA Foundation is in good company in its support for carbon
sequestration. Other purchasers of Scolel Té carbon credits have
included the World Economic Forum and rock bands Pink Floyd and
Coldplay.




                                  FIA Foundation Review 2005 | 13
Motor Sport Marshals

They are the unsung heroes of every motor sport
event, from glamorous Formula One grand prix
to local car rally: the safety marshals.
Race marshals play a vital role in ensuring that motor sport events
are safe and enjoyable, for both drivers and spectators. Now the
FIA Institute for Motor Sport Safety is working to raise the training
standards of safety officials across the world.

One of the major goals of the new FIA Institute is to foster improve-
ments in motor sport safety through maintaining the training of of-
ficials, circuit and race personnel in safety procedures, practice and
use of equipment.

As part of this process, the FIA Institute launched the first pan-re-
gional safety training seminar for motor sport officials in Venezuela
earlier this year. Currently training for motor sport marshals and
safety officials tends to be undertaken by local national sporting au-
thorities. Training methods can vary widely from country to country.
Some are of the highest quality whilst others do not meet optimum
safety levels, especially in regions that have relatively little experi-
ence of hosting motor racing events.

The seminar, which took place over three days in Caracas, sought
to bring together the national associations of NACAM - representing
North America, Central America and Mexico – into one forum that
would raise motor sport safety standards across the whole region.
The idea was to improve safety in the participating countries to the
levels expected by the major motor sport markets. The ultimate ob-
jective is to save lives.

Attended by around 70 senior motor sport officials across the four-
teen countries of NACAM, including countries such as Mexico, Cos-
ta Rica, Puerto Rico and Cuba, the seminar shared the motor sport
safety knowledge and expertise of experienced motor racing officials
with the participants, who are then expected to take that knowledge
back to their home countries and educate their own members.

It is hoped that these seminars could ultimately lead to the creation
of centres of best practice for training marshals in each region of
the world. These centres would ensure that safety standards are
at optimum levels in every country that hosts even the most minor
motor racing event and not just those regions with a rich motor sport
heritage.

For the FIA Institute, it is one more step towards raising safety stand-
ards for motor sport worldwide.

For more information on the work of the FIA Institute for Motor Sport
Safety, which is funded by the FIA Foundation, see
www.fiainstitute.com.




                                  FIA Foundation Review 2005 | 15
The road inspectors

How safe are the roads you drive on?
These days we all expect five star safety standards from our cars,
and the role of human error in causing traffic collisions is well known.
Less appreciated has been the importance of safe road design in
preventing or reducing the impact of crashes.

But now the spotlight has been turned on road design, thanks to a
dedicated team of road safety experts who have developed the con-
cept of the Road Assessment Programme (RAP), with funding from
the FIA Foundation, the European Commission, Toyota and ACEA.

The risk of death or crippling injury can vary tenfold on different roads
in the same country. The public, politicians and road engineers must
be able to see clearly where the roads with unacceptably high risk
are - and be guided to what can be done to put them right. This is the
aim of the International Road Assessment Programme (iRAP), an
initiative led by motoring organisations around the world, supported
by major national road authorities.

Beginning with EuroRAP, the iRAP team has provided the first in-
dependent, consistent safety ratings of roads across European bor-
ders. Already thousands of road stretches across Europe have been
assessed.

Simple risk mapping shows where the high risk roads are. And
sometimes the cost of saving lives can be as little as the paint to
provide clear road markings, so that drivers can read the road, or
safety fencing to stop people being killed time after time by hitting
the same trees close to the roadside.

Euro RAP also aims to stimulate competition in providing the safest
roads. With EuroRAP, road engineers can see clearly how well - or
badly - their roads are performing compared with others both within
and outside their own countries. And the public can see how quickly
- or not - high risk roads are being fixed.

The methods developed through EuroRAP are already being ap-
plied in Australia and piloted in the USA, with FIA Foundation sup-
port. The Australian Automobile Association has formed the Austral-
ian Road Assessment Programme (AusRAP) and published its first
report in November 2004 mapping the risk of casualty crashes on
the rural links of the Australian National Highway System.

In the US a pilot programme inspired by EuroRAP is currently being
carried out by the AAA Foundation with a view to help create public
support for higher funding to upgrade data systems and make road
safety improvements. The pilot programme has adopted EuroRAP
protocols whilst adapting them to the US.

The next challenge will be to translate the RAP risk mapping and
design protocols to countries with greater road traffic injury prob-
lems than the developed West. The potential rewards from safe
road design, in terms of lives saved and injuries prevented, could be
counted in the hundreds of thousands.



                                   FIA Foundation Review 2005 | 1
International Policy
Forum 2005

A crashed car stands in the forecourt of Quince
Orchard High School, Washington D.C.

Once driven by a former pupil, it stands as a sombre warning of the
dangers facing young, inexperienced drivers.

It is 16-24 year olds who are the biggest at risk group in terms of
road traffic crashes. For this age group car crashes are the leading
cause of death. In OECD countries alone it is estimated that over
,000 16-24 year olds were killed in 2003. Measures to reduce their
risk was the focus of the FIA Foundation’s 2005 Policy Forum, held
in Budapest.

Discussion at the annual Policy Forum, held in Budapest, centred on
the types of risks encountered by young drivers, why young drivers
are most at risk; the need for better support and training both pre
and post driving licence; and initiatives taken by automobile clubs to
mitigate the risks to young drivers.

John White, Head of the OECD / ECMT Transport Research Centre,
outlined the key elements that put young drivers at risk as being age
and physiological development, inexperience, and the increased
likelihood of young drivers undertaking high risk activities such as
speeding, driving at night, driving under the influence of alcohol and
driving without wearing a seat belt.

Other expert speakers including Nick Sanders, from the Internation-
al Commission of Driver Testing Authorities (CIECA), and Anders
Nyberg, from the Swedish National Road and Transport Research
Institute, spoke of the role of post licence training as an effective
way of supporting young and novice drivers during the vulnerable
post-licence period.

The Forum also heard about initiatives undertaken by the automobile
clubs to improve safety for young drivers. Susan Pikrallidas from the
American Automobile Association (AAA) described the successful
campaign for a graduated driver’s licence, an initiative which thanks
to AAA is now law in every State in the US. In stark contrast Petro
Kruger from the AA South Africa spoke of the obstacles South Africa
faces in terms of achieving effective driver licensing and training.

Beate Pappritz, from German automobile club ADAC, presented an
initiative to highlight to young drivers the risks of alcohol impaired
driving. Anne Morphett, a policy advisor to the Australian club NRMA,
described some of the marketing techniques used to communicate
road safety messages to young people.

An edited transcript of the Policy Forum is available from the FIA
Foundation and via www.fiafoundation.com.




                                 FIA Foundation Review 2005 | 1
Activities roundup

FIA Foundation backs India’s first mobile Crash Lab
Nine people are killed and 3 are injured on India’s
roads every hour yet the causes of 80 to 0% of road
crashes in the country are never known.

These are the statistics that inspired the Institute of
Road Traffic Education (IRTE) in Delhi to develop
India’s first mobile collision investigation and analy-
sis laboratory, or “Crash Lab”, which was unveiled in
Delhi in January 2005.

Co-funded by the FIA Foundation, the Crash Lab is a
vehicle equipped with a hi-tech camera and compu-
ter software which is used to investigate the causes
of a crash. The IRTE team are transported to the
scene of a collision where they get to work collecting
data on where the vehicle has been hit, marks that
have been left on the road, injuries to occupants, the The Crash Lab at its launch in Delhi
construction of the road and the traffic patterns of the
spot where the crash occurred. The data is then fed
into the computer and a 3 dimensional picture is
prepared.

President of the IRTE, Rohit Baluja, says the 3D images have provided major benefits to the police and road
safety authorities in their investigations of the causes of crashes. The crash lab is currently being used as part
of a risk assessment of the Delhi-Mumbai highway.

Road Safety films
Two new advocacy films have been issued by the FIA Foundation. ‘Think Global: moving road safety forward’
details recent developments in global road safety at the United Nations; the focus on key injury ‘risk factors’
with reference to experience in India, Costa Rica and the US; and the FIA Foundation’s Think Before You Drive
campaign. ‘India: improving road safety at street level ‘ features Delhi, a city grappling with rapid traffic growth
and a heavy injury toll. Both films, produced by Richard Stanley Productions, can be viewed on the FIA Foun-
dation’s website www.fiafoundation.com

Guide on post injury care published by WHO
A handbook on pre hospital trauma care has been published by the World Health
Organisation, with the support of the FIA Foundation, NHTSA and CDC. A guide
for policymakers, the handbook focuses on establishing pre hospital trauma
care systems in middle and low income countries. According to WHO estimates,
every year approximately 5 million people worldwide die from injuries, with road
traffic injuries the leading cause of death.




20 | FIA Foundation Review 2005
Participating in policymaking
The FIA Foundation is working alongside government officials from a number of countries on two OECD expert
working groups, examining road safety strategy and speed management respectively. The Foundation also
continues to be an active participant in the World Forum for Harmonization of Vehicle Regulations and the
Working Party on Road Traffic Safety, both at the UN-ECE in Geneva. A report for the European Conference of
Ministers of Transport (ECMT) on the effectiveness of transport policies for CO2 reduction is being co-funded
by the FIA Foundation. The report will be published by ECMT in 2006.

Wheels to work?
A new report on the role of transport in improving access to employment for socially excluded communities is
published by the FIA Foundation in autumn 2005. The Transport & Social Exclusion report examines transport
projects in California, the UK and France to assess what type of transport provision offers value for money and
is effective in helping disadvantaged people obtain and keep jobs. The report was researched by the Universi-
ties of Westminster, Paris and California.

Costa Rica claims 58% seat belt rise
Front seat belt wearing rose by 58% as a result of the seat belt
awareness campaign and new legislation introduced in Costa
Rica. The survey results, updating a pre-campaign survey, dem-
onstrated the effect of high profile advertising coupled with police
enforcement and media coverage of the issue. Formula One star
Juan Pablo Montoya visited Costa Rica on behalf of the FIA Foun-
dation in December 2004 to promote the findings of the campaign
evaluation. Maintaining these improvements in seat belt
compliance will be the next challenge.
                                                                       Juan Pablo Montoya visited Costa Rica
Seat belts in South Africa …and India
The FIA Foundation’s crash test dummy icon was used as the mascot for a major seat belt awareness cam-
paign in South Africa over the 2004/05 New Year summer holiday. Information packs based on the crash test
dummy and educational materials from the FIA Foundation’s seat belt toolkit were distributed at petrol stations
in the campaign led by the AA of South Africa. The campaign was also supported with adverts on radio stations
and features in large circulation magazines. The FIA Foundation’s short animated films, featuring the crash test
dummies, were later shown on TV channel SABC2 during 2005.

The FIA Foundation’s seat belt toolkit was also the subject of a high level seminar in India. The workshop, held
in January 2005, was organised by the Indian Institute of Road Traffic Education (IRTE) with the support of the
Indian Government, and brought together police and transport officials from across India to discuss strategies
for improving use of motorcycle helmets and seat belts. The FIA Foundation’s Director General, David Ward,
participated in the workshop.




For more information about our activities, visit www.fiafoundation.com




                                                                             FIA Foundation Review 2005 | 21
FIA Foundation for the Automobile and Society

Financial Statements for the year ended 31 December 2004

These summarised accounts, which are not the charitable company’s statutory accounts, may not contain suf-
ficient information to allow for a full understanding of the financial affairs of the charity. For further information,
the full annual accounts, the independent auditors’ report on those accounts and the Trustees’ Annual Report
should be consulted. Copies of these accounts can be obtained, free of charge, from the FIA Foundation for
the Automobile and Society, 60 Trafalgar Square, London, WC2N 5DS, or from the FIA Foundation’s website
www.fiafoundation.com

Statement of the Trustees

We confirm that the extracts are a summary of information relating to both the Statement of Financial Activities
and Balance Sheet from the annual accounts. The annual accounts were approved at the Board of Trustees
meeting on 2 June 2005. The independent auditors’ report, as given on 2 June 2005 by Grant Thornton UK
LLP. on the full accounts was unqualified.

Signed on behalf of the Trustees

J Dawson
2 June 2005

Statement of the Independent Auditors to the trustees of the FIA Foundation for the
Automobile and Society

We have examined the summarised financial statements of FIA Foundation for the Automobile and Society for
the year ended 31 December 2004. This report is made solely to the trustees. Our work has been undertaken
so that we might state to the trustees those matters we are required to state to them in an auditors’ statement
on summary financial statements and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the trustees, for our work, for this report, or for the opin-
ions we have formed.

Respective responsibilities of trustees and auditors

The trustees are responsible for preparing the summarised financial statements in accordance with the rec-
ommendations of the Charities SORP. Our responsibility is to report to you our opinion on the consistency
of the summarised financial statements with the full financial statements and trustees’ report. We also read
the other information contained in the summarised annual report and consider the implications for our report
if we become aware of any apparent misstatements or material inconsistencies with the summarised financial
statements.

Basis of opinion

We conducted our work in accordance with Bulletin 1999/6 ‘The Auditors’ Statement on the Summary Financial
Statements’ issued by the Auditing Practices Board for use in the United Kingdom.

Opinion

In our opinion the summarised financial statements are consistent with the full financial statements and trus-
tees’ report of FIA Foundation for the Automobile and Society for they year ended 31 December 2004.

GRANT THORNTON UK LLP, REGISTERED AUDITORS, CHARTERED ACCOUNTANTS, OXFORD

2 June 2005




22 | FIA Foundation Review 2005
Statement of Recognised Gains and Losses
For the year ended 31 December 2004


                                                         Total for the year       Total for the
                                                                     ended         year ended
                                                  Note
                                                             31 December         31 December
                                                                      2004                2003
                                                                   € 000’s             € 000’s
Incoming resources
Donations                                                               866                  -
Investment income                                                     8,463              8,16
Total incoming resources                                              9,329              8,16
Resources expended
Costs of generating funds:
Investment management fees                                            1,302              1,025
                                                                      1,302              1,025
Charitable expenditure:
Grants                                            1                   5,479              5,561
Other charitable expenditure                      2                   2,018              2,4
Management and administration                     3                   1,169              1,520
                                                                      8,666              ,560
Total resources expended                                              9,968             10,585
Net (outgoing) resources for the year                                 (639)             (2,418)

Other recognised gains and losses
Realised losses on investment assets                               (25,568)             (,46)
Other realised gains/(losses)                                           293             (1,43)
                                                                   (25,275)             (8,6)
Net income and expenditure                                         (25,914)            (11,38)
Unrealised gains                                                    15,270              31,51

Net movements in funds                                             (10,644)             20,204
Total funds brought forward at 1 January 2004                      340,693             320,48
Total funds carried forward at 31 December 2004                    330,049             340,63




                                                                 FIA Foundation Review 2005 | 23
Extract from the Notes to the Financial Statements
For the year ended 31 December 2004


1.      Charitable expenditure

All the charitable expenditure in the year related to unrestricted funds. Charitable expenditure in the year
comprised.


                                                                                        Total           Total
                                                                                        2004            2003
                                                                                      € 000’s         € 000’s

Grants                                                                                   5,479          5,561
Other direct charitable expenditure                                                      2,018          2,4
                                                                                         7,497          8,040



Material grants made to institutions were as follows. Each recipient received one grant, although this may
have been paid over in more than one tranche. All grants made to institutions were restricted to the purpose
for which the grant was approved.

Key

+ FIA Foundation for the Automobile and Society member organisation
* Other related party

FIA – Fédération Internationale de l’Automobile
AAA – AAA Foundation
AAFRSR – AA Foundation for Road Safety Research
AAMTTL – AA Motoring Trust Trading Limited
ACEA – European Automobile Constructors Association
ACI – Automobile Club d’Italia
ACP – Automobile Club of Portugal
ADAC – Allgemeiner Deutscher Automobil-Club e.V.
AIT – Alliance Internationale de Tourisme
CIK – Commission Internationale de Karting
ECCM – The Edinburgh Centre for Carbon Management
EuroNCAP – European New Car Assessment Programme
GRSP – Global Road Safety Partnership
FFAC – Fédération Français des Automobiles – Clubs et Usagers de la Route
JAF – Japan Automobile Fédération
IRTAD – International Road Traffic Accident Database
MC – Mercury Consulting
MSI – FIA Institute for Motor Sport Safety
RAC – RAC Motoring Services
RACE - Real Automovil Club de Espana
SAAA– South African Automobile Association
SW – Strong Words Limited
TRL – TRL Limited
UN – United Nations
UN-ECE – United Nations Economic Commission for Europe
WHO – World Health Organisation




24 | FIA Foundation Review 2005
Name of recipient        Project name                                              Amount granted in the year
                                                                                        2004            2003
                                                                                      € 000’s         € 000’s

AAA                      Translation of Safety Information                                   -              40
AAFRSR / TRL             European Road Assessment Programme *                                -             300
AAFRSR/EuroRAP           International Road Assessment Programme *                         250               -
                         Automobile and society development of the
AAMTTL                                                                                     140               -
                         transport database and website*
ACEA/BMW                 De-coupling                                                         -              10
ACI                      International Road Safety Exhibition * +                           75             100
ACI                      MoVe conference * +                                                25              25
ACP                      Mobility for All – ACP Centenary conference +                       -              10
ADAC                     Eco-test * +                                                      100             100
ADAC                     Safe Road Tunnels * +                                             100               -
AIT                      Traffic Education Contest *                                         -              25
CIK/FIA                  Emissions testing of Kart engines *                                65               -
Daimler Chrysler         Motor Sport Safety Research Programme                               -             368
ECCM                     Climate Change Programme                                          125             125
FFAC                     Road safety achievements in France * +                             60               -
FIA                      Motor Sport Safety Fund *                                           -           2,38
FIA/AIT                  Tunnel Safety Campaign *                                            -             100
JAF                      Impact of legislation on rear seat belt use * +                    29               -
Johns Hopkins            Public health interventions for motor cycle safety in
                                                                                            87               -
University               the developing world
JST/British Council      Road safety fellowship programme*                                  28               -
                         Motor sport safety research and support for safety
MSI                                                                                      3,300               -
                         interventions*
NPACS                    Harmonised Test Programme for Child Seats                            -            100
Chris Jones and          Global Technical Regulation for “On Road
                                                                                              -             35
RAC                      Diagnostics”
SAAA                     Major Causes of Road Crashes +                                       -             14
SW/MC                    Vehicle Engineering Consultancy                                      -            450
UN-ECE                   Road Safety Week 2004                                                -             20
University of
                         Masters in Road Safety                                               -             25
Belgrano, Argentina
University of Nairobi    Road safety interventions in Kenya                                 60               -
University of
                         Mobility and Economic Access                                         -            100
Westminster
Vehicle Safety
                         Accident Data Recorders – Seminar and Report                         -             10
Research Centre
                         Traffic Injury Prevention in Low and Middle Income
WHO                                                                                        500             500
                         Countries
WHO                      World Health Report                                                 -             200
Wirth Research           E-Safety                                                           90              0

Memberships and affiliations:

EuroNCAP                The European New Car Assessment Programme                          220             415
FIA                     Forum for the Automobile and Society                                 5               -
GRSP                    Global Road Safety Partnership subscription                         10              10
IRTAD                   IRTAD database                                                      10               -
Australian NCAP         Australian NCAP                                                    150               -
UN                      Partnership for Cleaner Fuels                                       50               -
Total                                                                                    5,479           5,561




                                                                                 FIA Foundation Review 2005 | 25
2.     Other direct expenditure




                                                                  Year
                                                             ended 31      Year ended
                                                            December     31 December
                                                                 2004            2003
                                                               € 000’s         € 000’s
Internally managed projects:
Seat belt safety and road safety campaigns                         367             40
Sharing Responsibility for Safer Roads                               -              6
Auto and Society Report                                              -             315
Transport and Social Exclusion                                       -              42
Project monitoring costs                                             -             24
UN and regional commissions                                         65               -
Global Road Safety Index                                            81               -
Forum for the Automobile and Society subscription                    5               -
IRTAD subscription                                                   4               -
Australian NCAP subscription                                       150               -
External Representational Activities (UN, UN-ECE, EU etc)          159              8
Internal working groups                                             44              36
International policy forum                                         128               -
External communications                                             70              42
                                                                 1,073           1,618

Grant and project support costs:
Salaries                                                           528             4
Social security                                                     83              80
Pension                                                             44              35
Health Insurance                                                     6               2
Insurance                                                           37               -
Rent and rates                                                      48              51
Property costs and maintenance                                      22               -
Telephone                                                           18               4
Postage and stationery                                              18               5
Travel and subsistence                                              68              85
Computer sundries                                                   16              34
Bookkeeping, accountancy and audit fees                              8              21
Legal and professional                                               -               -
Subscriptions                                                        2              30
Staff training                                                       -               1
Sundries                                                             1               5
Depreciation                                                        34               -
Donation                                                             1               -
Bank interest                                                        2               -
Bank charges                                                         9              2
                                                                   945             861

                                                                 2,018           2,4




26 | FIA Foundation Review 2005
3.     Management and Administration Expenditure




                                                     Year ended       Year ended
                                                   31 December      31 December
                                                           2004             2003
                                                         € 000’s          € 000’s

Salaries                                                     304              348
Social security costs                                         36               40
Pensions                                                      29               35
Health Insurance                                               6                
General insurance                                             26               38
Indemnity insurance                                           46               58
Rent and rates                                                 9               13
Property costs, repairs and maintenance                      232              238
Telephone                                                     14               22
Postage and stationery                                        30               41
Travel and subsistence                                        30               53
Trustees’ expenses                                           139               2
Web site design and maintenance                               11                2
Computer sundries                                             19               50
Bookkeeping, accountancy and audit fees                       24               63
Legal and professional fees                                   18               6
Subscriptions                                                  5                
Staff training                                                 -                
Sundry                                                         3               13
Depreciation                                                 124              106
Loss on disposal of assets                                    19                -
Bank charges                                                   2                2
Irrecoverable and disallowable VAT                            43              205
                                                           1,169            1,520




                                                    FIA Foundation Review 2005 | 2
Balance Sheet at 31 December 2004



                                    2004      2004          2003          2003
                                                      As restated   As restated
                                  € 000’s   € 000’s       € 000’s       € 000’s

Fixed assets
Tangible assets                               4,963                      2,840
Investments                                 316,025                    335,036
                                            320,988                    33,86
Current assets
Debtors                             3,607                   3,036
Cash at bank and in hand            9,935                   3,440
                                   13,542                   6,46

Creditors: amounts
falling due within one              4,481                   3,65
year

Net current assets                            9,061                       2,81

Total assets less current
                                            330,049                    340,63
liabilities

                                            330,049                    340,63


Income funds
Unrestricted funds:
   Designated funds                             893                         686
   Other charitable funds
                                            329,156                    340,00

                                            330,049                    340,63




28 | FIA Foundation Review 2005
Cashflow Statement and Notes for the year ended 31 December 2004



                                                Year ended                       Year ended
                                              31 December                      31 December
                                                      2004                             2003
                                   € 000’s          € 000’s         € 000’s          € 000’s

Net cash (outflow)/inflow
                             4
from operating activities                            (1,010)                             426

Capital expenditure and
financial investment
Purchase of tangible fixed
assets                                 (38)                            (23)
Purchase of quoted
                                  (204,423)                        (1,42)
securities
Sale of tangible fixed
                                         1                                 -
assets
Sale of fixed asset
investments                        219,921                          11,851

Net cash inflow/(outflow)
                                                     15,461                          (5,858)
from investing activities

Increase/(decrease) in       5&
                                                     14,451                          (5,432)
cash                          6




                                                               FIA Foundation Review 2005 | 2
Cashflow Statement and Notes
For the year ended 31 December 2004


4. Reconciliation of changes in resources to net cash flow


                                                                         2004            2003
                                                                       € 000’s         € 000’s

Net outgoing resources                                                    (639)         (2,418)
Depreciation                                                                158             106
Loss on disposal of tangible fixed assets                                    19               -
Donated tangible fixed assets                                             (828)               -
(Increase)/decrease in debtors                                            (577)           1,051
Increase in creditors                                                       857           1,68
Net cash (outflow)/inflow from operating activities                     (1,010)             426


5.      Reconciliation of net cash flow to movement in funds
                                                                         2004            2003
                                                                       € 000’s         € 000’s

Increase/(decrease) in cash in the period                               14,451          (5,432)
Effects of realised foreign exchange gains/(losses)                        297          (1,60)
Effects of unrealised foreign exchange gains/(losses)                    2,794            (1)
Movement in net funds                                                   17,542          (,238)
Net funds at 1 January 2004                                              4,639           11,8
Net funds at 31 December 2004
                                                                        22,181           4,63



6.      Analysis of changes in net funds
                                                                                            At
                                       At 1 January                  Exchange
                                                        Cash flows                31 December
                                              2004                   movement
                                                                                         2004
                                             € 000’s       € 000’s     € 000’s         € 000’s

Cash at bank                                   3,440         6,505        (10)           9,935
Cash held as part of investment
                                               1,1         ,46       3,101          12,246
portfolio
                                               4,63        14,451       3,01          22,181




30 | FIA Foundation Review 2005
Financial Policies



Investment policy

The FIA Foundation has the power to deposit or invest funds not immediately required for its purposes in,
or upon, such investments, securities or property as the trustees may think fit. The trustees may invest only
after obtaining advice from a financial expert. The trustees have the power to delegate the management of
investments to a financial expert but must review the performance of the investments regularly.

The principle objective of the investment policy is to seek total return in the long term in order to provide for
real increases in annual expenditure while preserving the charities capital base in real terms. This is to bal-
ance the needs of both current and future beneficiaries and therefore the assets are invested for long-term
returns rather than to maximise short-term income.

The FIA Foundation manages it investments by comparing returns achieved on each portfolio to set bench-
marks for each manager on a quarterly basis. During the year the Investment Committee performed an
extensive review of the performance of the investment managers which resulted one mandate being revoked
and one new mandate awarded.

The Investment Committee also started an extensive review of the charity’s investment strategy and arrange-
ments which is ongoing. The results of the review will be incorporated into the investment strategy during
the forthcoming year.

Reserves policy

The long term objective of the Trustees is to preserve the capital base in real terms for as long as this is
practicable whilst meeting the needs of the beneficiaries at a sustainable level.

To date the level of income received from the investment portfolio has only been sufficient to cover budgeted
administration and programme expenditure for the following year. The objective for the trustees is to achieve
additional returns to ensure the current level of expenditure can be maintained or increased and to ensure
the long term aim of preserving the capital base is met.

At 31 December 2004 the FIA Foundation held €893,000 (2003: €686,000) in designated funds and
€329,156,000 (2003: €340,007,000) in undesignated funds.

Grants policy

The FIA Foundation considers applications for grants from any organisation or individual, providing the ap-
plication meets at least one of the general or specific objectives of the charity. Applications are considered by
the programme sub-committee and the Board of Trustees. The trustees have made commitments to make
grants as listed in note 1.

Funding

The trustees are satisfied that the FIA Foundation’s assets are available and adequate to fulfil its obligations.




                                                                              FIA Foundation Review 2005 | 31
Principal Accounting Policies



Basis of preparation

The financial statements have been prepared in accordance with applicable accounting standards and follow
the recommendations in the Statement of Recommended Practice: Accounting by Charities (the SORP) issued
in October 2000, and with the requirements of the charity’s Memorandum and Articles of Association. They
have been prepared under the historical cost convention except that:

	      investments are valued at market value (see below)

The principal accounting policies of the charitable company are set out below and have remained unchanged
except for the following:

Endowment funds

The terms of the initial donation from the Fédération Internationale de l’Automobile (FIA) was reviewed during
the year. Under the terms of the donation the trustees can designate or use funds as they see fit, in the best
interests of the Foundation. Therefore, these funds do not have to be permanently retained for the benefit of
the Foundation as a capital fund and fall outside the definition of an endowment fund.

The balance sheet for 2003 has been restated to show this change in policy with the Endowment fund balance
of € 327,772,000 being transferred to unrestricted funds.

Allocations of costs

During the year there was a review of the policy for allocating staff costs.

Previously all direct costs which related to an employee were charged to the cost category they predominately
worked in eg administration or charitable. All overhead costs were allocated to administration with no attempt
to apportion costs for those employees involved in charitable activities.

Following the review staff have been categorised based on the time spent on either charitable or administration
activities. For employees who undertake both charitable and administrative activities, an estimate is made of
the time spent on each activity and costs are apportioned on this time split. Costs which directly relate to an
employee are charged against the activity they undertake. Overheads or shared costs are allocated on a
proportional basis dependent on the time spent on charitable or administrative activities and the office location
of the employee.

An additional €223,000 has been allocated to charitable costs in the current period as a result of the change
in policy.

Incoming Resources

Donations

All monetary donations are included in full in the statement of financial activities when receivable, provided that
there are no donor-imposed restrictions as to the timing of the related expenditure, in which case recognition
is deferred until any pre-condition has been met.

Investment Income

Investment income, including associated tax recoveries, but with the exception of income receivable in respect
of fixed interest securities, is recognised when receivable. Income receivable in respect of fixed interest securi-
ties is recognised on the accruals basis.




32 | FIA Foundation Review 2005
Rental Income

Rental income is recognised when receivable.

Resources expended

Expenditure, which is charged on an accruals basis, is allocated between:

	      expenditure incurred directly for the fulfilment of the charity's objectives (direct charitable) and;
	      expenditure incurred in the management and administration of the charity.

Grants Payable

Grants payable are recognised in the financial statements when a contracted commitment exists.

Allocations of Costs

Staff are categorised based on the time spent on either charitable or administration activities.

Costs which directly relate to an employee are charged against the activity they undertake. For employees
who undertake both charitable and administrative activities, an estimate is made of the time spent on each
activity and costs are apportioned on this time split.

Shared costs are allocated on a proportional basis dependent on the time spent on charitable or administra-
tive activities and the office location of the employee. For example, costs relating to Trafalgar Square are split
0% administration and 30% administration as 0% of London based staff work in administration and 30%
are charitable. All costs relating to the French office are allocated as charitable as the work carried out by the
employees based there relate to grants made and internally managed charitable projects.

Other shared costs relating to the organisation as a whole are split 3% administration and 63% charitable,
reflecting the number of employees who work in each field.

Fund Accounting

Unrestricted funds are donations and other incoming resources received or generated for expenditure on the
general objectives of the charity.

Designated funds are unrestricted funds which have been designated for specific purposes by the trustees.

Prior Year Adjustment

A review of the initial donation received from the Fédération Internationale de l’Automobile (FIA) was reviewed
during the year. Under the terms of the donation the trustees can designate or use funds as they see fit, in the
best interests of the Foundation. Therefore, these funds do not have to be permanently retained for the benefit
of the Foundation as a capital fund and fall outside the definition of an endowment fund.

The balance sheet has been restated for 2003 to show funds previously treated as endowment as part of
income funds

Taxation

The activities of the charity fall within the exemptions conferred by sections 505 and 506 of the Income and
Corporation Taxes Act 1988. Consequently, no corporation tax is provided for in the financial statements.




                                                                               FIA Foundation Review 2005 | 33
Retired Benefits

Defined Contribution Scheme

The pension costs charged against the statement of financial activities are the contributions payable to the
schemes in respect of the accounting period.

Leased Assets

All leases are regarded as operating leases and the payments made under them are charged to the Statement
of Financial Activities on a straight line basis over the lease term.

Liabilities

Liabilities are recognised when there is a legal and constructive obligation committing the charity to the ex-
penditure.

Tangible fixed assets and depreciation

Tangible fixed assets are capitalised at cost where their acquisition value is great than €750, and are stated at
cost net of depreciation.

Depreciation is calculated to write down the cost of all tangible fixed assets excluding investment proper-
ties by equal annual instalments over their estimated useful economic lives, calculated on a monthly basis.

The rates applicable are:

Freehold properties                             2%
Fixtures, fittings and equipment                20%
Computer equipment                              33 1/3%


Investments

Investment properties are valued at their mid market value in their native currency at the balance sheet date,
translated at the rate of exchange ruling at the date of acquisition (or an average rate if not materially different),
as required by SSAP 20.

Listed investments are valued at their market value in their native currency at the balance sheet date, trans-
lated at the rate of exchange ruling at the date of acquisition (or an average rate if not materially different), as
required by SSAP 20.

Cash held as part of an investment portfolio, as a monetary asset, is translated using the closing rate meth-
od.

Net gains and losses arising on revaluations and disposals during the period are included in the statement of
financial activities.




34 | FIA Foundation Review 2005
Foreign Currencies

Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction.
Monetary assets and liabilities in foreign currencies are translated at the rates of exchange ruling at the bal-
ance sheet date. Non monetary assets and liabilities in foreign currencies are translated at the rates of ex-
change ruling at the date of acquisition, or an average rate if not materially different. Exchange differences are
dealt with in the statement of financial activities.

Realised and unrealised gains and losses are allocated to the appropriate fund where possible. Realised and
unrealised gains and losses relating to more than one fund are apportioned between the funds on the basis of
the balance on each fund at the balance sheet date.




                                                                             FIA Foundation Review 2005 | 35
Board of Trustees

The FIA Foundation 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
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 Foundation at
its Annual Meeting. The FIA Foundation is headed by the Chairman of the Board of Trustees. The current Trustees of the Foundation are:

Rosario Alessi, FIA Foundation Chairman
Italy
Former President, Automobile Club d’Italia

Bob Darbelnet
United States
President and Chief Executive Officer, American Automobile Association (AAA)

John Dawson
United Kingdom
Chairman, European Road Assessment Programme

Otto Flimm
Germany
Former President, Allgemeiner Deutscher Automobil-Club e.V.

Christian Gerondeau
France
President, Fédération Française des Automobile-Clubs et des Usagers de la Route

Tim Keown
United Kingdom
Chairman, Royal Automobile Club

John Large
Australia
President of Honour, Confederation of Australian Motor Sport (CAMS)

Carlos Macaya
Costa Rica
President, Automovil Club de Costa Rica (ACCR)

Burdette Martin
United States
President, Automobile Competition Committee for the U.S. FIA. Inc. (ACCUS)

Max Mosley
United Kingdom
President, Fédération Internationale de l’Automobile

Sebastia Salvado
Spain
President, Reial Automobil Club de Catalunya

Setsuo Tanaka
Japan
Executive Vice President, Japan Automobile Federation

Ari Vatanen MEP
Finland
Member of the European Parliament




Staff

David Ward                                                                       John Pap
Director General                                                                 Website & Communications Officer

Saul Billingsley                                                                 Jane Pearce
Deputy Director General & Programmes Director                                    Director of Administration & Personnel

Frank van West                                                                   Chris Bentley
Technical Director                                                               Head of Information Technology

Rita Cuypers                                                                     Alicia Priest
Head of Road Safety                                                              Financial Controller

Caroline Luff                                                                    Fiona Holland
Policy & Research Officer                                                        Assistant Administrator




36 | FIA Foundation Review 2005
              ��������������
              ������������������������������


Objectives
The FIA Foundation has been established in the United Kingdom as a registered charity with an endowment of
$300 million made by the Fédération Internationale de l’Automobile (FIA), the governing body of world motor
sport and the international association of motoring organisations.

Our objectives are to promote public safety and public health, the protection and preservation of human life
and the conservation, protection and improvement of the physical and natural environment through:

       promoting research, disseminating the results of research and providing information in any matters
        of public interest which include road safety, automobile technology, the protection and preservation
        of human life and public health, transport and public mobility and the protection of the environment;
        and

       promoting improvement in the safety of motor sport, and of drivers, passengers, pedestrians and
        other road users.

The Foundation conducts its own research and educational activities as well as offering financial support to
third party projects through a grants programme.




The FIA Foundation for the Automobile and Society is registered in England and Wales as a company limited
by guarantee No. 4219306 Registered UK Charity No. 1088670 Registered Office: FIA Foundation for the
Automobile & Society 60 Trafalgar Square London WC2N 5DS

FIA Foundation for the Automobile and Society
60 Trafalgar Square
London
WC2N 5DS
+44 (0)20 30 3882 (t)
+44 (0)20 30 3883 (f)
mail@fiafoundation.com (e)




Visit www.fiafoundation.com for the latest information on our activities

				
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