2023-03-31-accounts - The Institute For Aviation Research

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		Trustees' Annual Report	Trustees' Annual Report	Trustees' Annual Report	Trustees' Annual Report	Trustees' Annual Report	for theperiod	for theperiod	for theperiod
		From	Period start date			To	Period end date
			1	April	2022		31	March	2023

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 5 Shire Road Clapahm Bedford Postcode MK41 6HH

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
Prof ZhengLei		11 May2015 - Present
Dr Cheung Kwok Law		11 May 2015 - Present
Mrs Weihua Jiang		11 May2015 - Present
Dr John F O’Connell		1 April 2016 - Present

Section B Structure, governance and management

Description of the charity’s trusts

Constitution

Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted (eg. trust, association, company) Three trustees are founding trustees while the fourth one was elected by Trustee selection methods the other trustees (eg. appointed by, elected by)

Additional governance issues (Optional information)

March 2012

TAR

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

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

In this financial year, we have published some important research papers on leading academic journals, well received by the aviation community.

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

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

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

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

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 of 31 March 2023, IAR’s total reserves stood at £23,075, which is at a healthy 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) Position (eg Secretary, Chair, etc) Date
	Zheng Lei
	Chair
	31 January 2024

March 2012

TAR

	Institute for Aviation Research	Institute for Aviation Research	Institute for Aviation Research	1161611	CC16a
	For the period from	4/1/2022	To	3/31/2023

Section A Receipts and payments
A1 Receipts 96 - - - - - - - Sub total 96 - - Sub total - Total receipts 96 A3 Payments Website 77 Office equipment 96 Bank charges 126 Mis. 18 - - - Sub total 317 - - Sub total - Total payments 317 Net of receipts/(payments) - 221 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end - 221 Unrestricted funds to the nearest £ A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table)		to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds	to the nearest £ Endowment funds	Total funds to the nearest £ 96 - - - - - - - 96 - - - 96 77 96 126 18 - - - 317 - - - 317 - 221 - - - 221	Last year to the nearest £
			- - - - - - - - -	96	23,011
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				96	23,011

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			-		23,011

			- - - - - -	77	-
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				126	-
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				317	-

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			-	317	-

		-	- - - -	- 221	23,011
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		-		- 221	23,011

Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees	Details Cash funds this year end Cash funds from previous years Details Details Details Details Signature *Total cash funds* (agree balances with receipts and payments account(s))	to nearest £ to nearest £ - 221 - 23,011 - - - 22,790 - Agreement Error OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name ZhengLei Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional)	to nearest £ Endowment funds
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			OK
			to nearest £ Endowment funds
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			Current value (optional)
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			Date of approval
		ZhengLei	1/31/2024