2024-03-31-accounts - The Institute For Aviation Research

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Trustees' Annual Report for the period

Period start date Period end date 1 April 2023 31 March 2024 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 Roxhill Manor Farm Roxhill Road Marston Moretaine Bedford Postcode MK43 0QG ~~——~~ Names of the charity trustees who manage the charity Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any) Prof Zheng Lei 11 May 2015 - Present Dr Cheung Kwok 11 May 2015 - Present Law Mrs Weihua Jiang 11 May 2015 - Present Dr John F 1 April 2016 - Present O’Connell ~~SS=~~ 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) ~~oo~~

March 2012

TAR

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

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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. We have also initiated a major research project on global airport connectivity study.

Members of the IAR team were also invited to give talks at various seminars and events.

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

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Section E Financial review IAR’s policy on reserves is to hold funds for working capital purposes and Brief statement of the as a contingency, should sufficient new funding not emerge. charity’s policy on reserves Details of any funds materially N.A. in deficit ~~oo~~

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) Date 31 January 2025

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	Institute for Aviation Research 1161611 Receipts andpayments accounts 4/1/2023 To 3/31/2024 For the period from ~~es ee~~	Institute for Aviation Research 1161611 Receipts andpayments accounts 4/1/2023 To 3/31/2024 For the period from ~~es ee~~	Institute for Aviation Research 1161611 Receipts andpayments accounts 4/1/2023 To 3/31/2024 For the period from ~~es ee~~	Institute for Aviation Research 1161611 Receipts andpayments accounts 4/1/2023 To 3/31/2024 For the period from ~~es ee~~	Institute for Aviation Research 1161611 Receipts andpayments accounts 4/1/2023 To 3/31/2024 For the period from ~~es ee~~	CC16a ~~-~~
Section A Receipts and payments
	Unrestricted funds	Restricted funds	Endowment funds	Total funds		Last year
	to the nearest £	to the nearest £	to the nearest £	to the nearest £		to the nearest £
A1 Receipts
	249	-	-	249	249	22,790
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
**Sub total **	249	-	-	249	249	22,790
*Sub total* *Total receipts* A2 Asset and investment sales, (see table).	- - - - - - - - - - - - - - 249 - - 249 22,790 ~~===———~~
A3 Payments
Office equipment	96	-	-	96	96	-
Bank charges	108			108	108	-
Research	21,000			21,000	21,000	-
						-
						-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
**Sub total **	21,204	-	-	21,204	21,204	-
*Sub total* *Total payments* A4 Asset and investment purchases, (see table)	- - - - - - - - - - - - - 21,204 - - 21,204 - ~~———_—=~~
**Net of receipts/(payments) **	- 20,955	-	-	- 20,955	- 20,955	22,790
A5 Transfers between funds	-	-	-	-	-	-
A6 Cash funds last year end	-	-	-	-	-	-
**Cash funds this year end **	- 20,955	-	-	- 20,955	- 20,955	22,790

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

			Unrestricted Restricted	Endowment
Categories	Details		funds funds	funds
			to nearest £ to nearest £	to nearest £
B1 Cash funds	Cash funds this year end - 20,955 - - Cash funds from previous years 22,790 - - - - - 1,835 - - *Total cash funds* ~~—====~~
	(agree balances with receipts and payments account(s))	(agree balances with receipts and payments	Agreement Error OK	OK
			Unrestricted Restricted	Endowment
			funds funds	funds
	Details		to nearest £ to nearest £	to nearest £
B2 Other monetary assets	- - - - - - - - - - - - - - - - - - ~~——_==~~
	Details		Cost (optional) Fund to which asset belongs	Current value (optional)
B3 Investment assets	- - - - - - - - - - ~~ee~~
	Details		Cost (optional) Fund to which asset belongs	Current value (optional)
B4 Assets retained for the charity’s own use	- - - - - - - - - - - - - - - - - - ~~mane~~
			Fund to which Amount due	When due
	Details		liability relates (optional)	(optional)
B5 Liabilities Signed by one or two trustees on behalf of all the trustees	- - - - - Signature Print Name ZhengLei 1/31/2025 Date of approval ~~———~~