|||**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**
1
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.
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**
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**
4
## **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**
5
||**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**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**96**|**23,011**|
|||||||
||||**-**
**-**
**-**|**-**||
|||||**-**|**-**|
|||||**-**|**-**|
|||||||
||||**-**||**23,011**|
|||||||
||||**-**
**-**
**-**
**-**
**-**
**-**|**77**|**-**|
|||||**96**|**-**|
|||||**126**|**-**|
|||||**18**|**-**|
||||||**-**|
||||||**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**-**|**-**|
|||||**317**|**-**|
|||||||
||||**-**
**-**
**-**|**-**||
|||||**-**||
|||||**-**|**-**|
|||||||
||||**-**|**317**|**-**|
|||||||
|||**-**|**-**
**-**
**-**
**-**|**- 221**|**23,011**|
|||**-**||**-**|**-**|
|||**-**||**-**|**-**|
|||**-**||**- 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**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**to nearest £**
**Endowment**
**funds**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||ZhengLei|1/31/2024|
|||||