## **Trustees' Annual Report for the period**
Period start date Period end date 1 April 2021 31 March 2022
**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:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **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**
**TAR**
2
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 conduct research into aviation and help industry and the general public to better understand the impact of COVID on aviation.
**Summary of the main** aviation and help industry and the general public to better **activities undertaken for** understand the impact of COVID on aviation. **the public benefit in relation to these objects** In this financial year, we have published some important **(include within this** research papers on leading academic journals, and well received **section the statutory** by the aviation community. **declaration that trustees have had regard to the** Members of the IAR team were also invited to give talks at **guidance issued by the** various online seminars and events organised by Boeing, and **Charity Commission on** OAG. **public benefit)**
In this reporting period, IAR has made contribution to advance education, for the benefit of the public, by promotion, on a nonpolitical 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:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
March **2012**
**TAR**
3
## 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, and published a number of high quality papers in leading academic journals.
March **2012**
**TAR**
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## **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 2022, IAR’s total reserves were reduced to £23,011 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:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **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)**
March **2012**
**TAR**
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Date
31 January 2023
TAR
March 2012
**Institute for Aviation Research 1161611 Receipts and payments accounts For the period** 4/1/2021 3/31/2022 **To from**
## **Section A Receipts and payments**
**----- Start of picture text -----**
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 8,100 - - 8,100
Office equipment 96 - - 96
Bank charges 69 69
Governance costs 114 114
- - - -
- - - -
- - - -
Sub total [ 8,379 ] - - 8,379
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 8,379 - - 8,379
Net of receipts/(payments) - 8,379 - - - 8,379
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end - 8,379 - - - 8,379
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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 £**
**- 8,379**
**31,390**
**-**
**23,011**|
|**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)**
**----- Start of picture text -----**
Date of
approval
1/31/2023
**----- End of picture text -----**