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2021-03-31-accounts

Trustees' Annual Report for the period

Period start date Period end date 1 April 2020 31 March 2021

From

To

Section A Reference and administration details

Charity name The Institute for Aviation Research

Other names charity is known by

IAR

Registered charity number (if any) 1161611

Charity's principal address 1 The Old Stables

Eridge Park Tunbridge Wells, Kent Postcode TN3 9JT

Names of the charity trustees who manage the charity

Name of person (or body) Dates acted if not for Trustee name Office (if any) entitled to appoint trustee whole year (if any) Prof Zheng Lei 11 May 2015 - Present Dr Cheung Kwok 11 May 2015 - Law Present Mrs Weihua Jiang 11 May 2015 - Present Dr John F 1 April 2016 - Present O’Connell

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Constitution

(eg. trust deed, constitution)

Charitable Incorporated Organisation How the charity is constituted

(eg. trust, association, company)

Trustee selection methods

(eg. appointed by, elected by)

Three trustees are founding trustees while the fourth one was elected by the other trustees

March 2012

TAR

1

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

The Summary of the objects of the charity set out in its governing document

To advance education, for the benefit of the public, by promotion, on a non-political basis, of research into aviation and air transport ecosystem and to improve public understanding of aviation related issues through independent and rigorous research

March 2012

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2

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

The trustees have considered the Charity Commission's guidance on public benefit when planning the activities of the Institute.

This year was extraordinary for IAR. Previously, we generated most of the revenues from events and conferences. Due to international travel restrictions, we were unable to organise any physical face-to-face events this financial year, hence no income was generated.

Nevertheless, IAR has used its reserves to organise a number of activities to promote research into aviation and help industry and the general public to understand the impact of COVID.

Throughout of the year, we have published over 50 original research articles on IAR official wechat account, read by over 50,000 industry professionals. Most of the articles have also been published and cited by national newspapers and other media creating significant impact.

During the period of 01/07/2020 and 23/09/2020, IAR organised a dedicated training program for 12 young aviation professionals in China. Six expert Instructors were involved in the teaching activities and delivered a total of ten high quality sessions. The training course was completely free and was well received by the participants.

In September 2020, IAR organised a virtual China Summit at World Aviation Festival. Ten distinguished speakers delivered excellent presentations. The online event attracted over 2,000 attendees worldwide.

Members of the IAR team were also invited to give talks at various online seminars and events organised by Boeing, OAG and JP Morgan.

During this year, IAR Team published a number of papers in world leading academic journals, including:

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3

In this reporting period, IAR has made significant contribution to advance education, for the benefit of the public, by promotion, on a non-political basis, of research into aviation and air transport ecosystem and to improve public understanding of aviation related issues through independent and rigorous research.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

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4

Section D Achievements and performance

Summary of the main achievements of the charity during the year

During this year, IAR has further strengthened its research activities and international outreach. The main achievements include:

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5

Section E Financial review

Brief statement of the charity’s policy on reserves

IAR’s policy on reserves is to hold funds for working capital purposes and as a contingency, should sufficient new funding not emerge.

As at 31 March 2021, IAR’s total reserves were reduced to £31,390 as no income was generated during this financial year due to covid crisis. Having said that, the reserves are still maintained at a level to cover up to twelve months’ expenditure.

Details of any funds materially in deficit

N.A.

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Zheng Lei Position (eg Secretary, Chair Chair, etc)

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6

Date 31 January 2022 TAR March 2012

Institute for Aviation Research 1161611 Receipts and payments accounts For the period 4/1/2020 3/31/2021 To from

Section A Receipts and payments

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Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
No income received - - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total - - - -
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts - - - -
A3 Payments
Research activities & website 10,113 - - 10,113
Office equipment 96 - - 96
Bank charges 60 60
Governance costs 144 144
- - - -
- - - -
- - - -
Sub total [ 10,413 ] - - 10,413
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 10,413 - - 10,413
Net of receipts/(payments) - 10,413 - - - 10,413
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end - 10,413 - - - 10,413
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Section B Statement of assets and liabilities at the end of the period

Unrestricted Restricted
Categories Details funds funds
B1 Cash funds Cash funds this year end
Cash funds from previous years
Total cash funds		 to nearest £
- 10,413
41,803
-
31,390


to nearest £
-
-
-
-
(agree balances with receipts and payments
account(s))		 Agreement Error OK
Unrestricted Restricted
funds funds
B2 Other monetary assets Details to nearest £
-
-
-
-
-
-




to nearest £
-
-
-
-
-
-
B3 Investment assets Details Fund to which
asset belongs		 Cost (optional)
-
-
-
-
-
B4 Assets retained for the Details Fund to which
asset belongs		 Cost (optional)
-
charity’s own use






-
-
-
-
-
-
-
-
B5 Liabilities Details Fund to which
liability relates



-
-
-
-
-
Amount due
(optional)
Signed by one or two trustees on
behalf of all the trustees		 Signature Print Name
Zheng Lei

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CC16a
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Last year

to the nearest £

-

-

-

-

Endowment funds

to nearest £ - - - -

OK

Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional)

When due (optional)

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Date of
approval
1/31/2022
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