Trustees’ Annual Report for the period
From January 1, 2022
To December 31, 2022
Charity name: The European Society of Air Safety Investigators
Charity registration number: 1193108
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | For the public benefit, to promote public safety and the saving of lives in particular but not exclusively by: (i) the promotion of high standards in air safety investigation; and (ii)the provision of education and training to air safety investigators and others operating in the aviation field. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
In April 2022 we held a 2-day seminar in Budapest attended by more than 100 delegates. An online ‘Focus On…’ session was planned for December 2022 but had to be rescheduled for February 2023 due to presenter availability. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes – the trustees have had regard to the guidance. All of our events are open to anyone with an interest. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | 2022 marked the first return to a more normal schedule for the Society after COVID. In April 2022 we held a 2-day seminar in Budapest attended by more than 100 delegates. This was organised to coincide with a related European meeting (ECAC ACC) to maximise attendance. An online_Focus On…session was planned for December 2022 but had to be rescheduled for February 2023 dues to presenter availability. The_Focus On… sessions are aimed to provide awareness and training for the community. They are virtual (Zoom), open to all with an interest and are free to attend. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Society ended the period with a cash balance of £28,666. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | No designated reserves are held, but we aim to maintain a balance not below £20k. This is because a typical seminar (our main financial outlay each year) has costs of around £20k. This balance means we could survive a seminar failing completely for some reason. This prospect was nearly realised during COVID. |
| Amount of reserves held | Para 1.22 | Nil |
| Reasons for holding zero reserves |
Para 1.22 | See above – no specifically designated reserve held, but a minimum balance is aimed for. Will consider designating as reserve in future. |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Charity Commission-based Constitution and Articles of Association |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Elections. We plan to hold elections before the end of the year for one vacant position and two trustees standing for re-election. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | The European Society of Air Safety Investigators |
|---|---|
| Other name the charity uses | ESASI |
| Registered charity number | 1193108 |
| Charity’s principal address | THE MEADS BRANKSOMEWOOD ROAD FLEET GU51 4JU |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Office (if any) | Dates acted if not for whole year |
Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|---|---|
| Olivier Ferrante | President | |||||
| Steve Hull | Secretaryto 06/22 | to 15 June 2022 | ||||
| Matthew Greaves | Treasurer | |||||
| Thorkell Agustsson | ||||||
| Rob Carter | ||||||
| Brian McDermid | ||||||
| Nuno Aghdassi | Secretaryfrom 06/22 | |||||
| Arben Dika | ||||||
| Kate Fitzgerald | ||||||
| David King | ||||||
| Corporate trustees–names of the directors at the date the report was approved Director name |
||||||
| Director name | ||||||
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
None
Other optional information
None
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Matthew Greaves Olivier Ferrante Position (eg Secretary, Chair, etc)[Treasurer ] Date 31 October 2023
European Society of Air Safety Investigators Balance Sheet
31 December 2022
| Total funds | |
|---|---|
| £ | |
| Fixed assets: | |
| Intangible assets | - |
| Tangible assets | - |
| Heritage assets | - |
| Investments | - |
| Totalfixed assets | - |
| Current assets: | |
| Stocks | - |
| Debtors | - |
| Investments | - |
| Cash at bank and in hand | 28,666 |
| Total current assets | 28,666 |
| Liabilities: | |
| Creditors: Amounts fallingdue within oneyear | - |
| Net current assets or liabilities | 28,666 |
| Total assets less current liabilities | 28,666 |
| Creditors: Amounts falling due after more than one year | - |
| Provision for liabilities | - |
| Total net assets or liabilities | 28,666 |
| The funds of the charity: | |
| Endowment funds | - |
| Restricted income funds | - |
| Unrestricted funds | 28,666 |
| Revaluation reserve | - |
| Pension reserve | - |
| Total unrestrictedfunds | 28,666 |
| Total charity funds | 28,666 |
Signed by: Matthew Greaves Treasurer and Trustee Date : 30[th] October 2023 Approved by the Trustees : 31[st] October 2023
European Society of Air Safety Investigators Statement of Financial Activity
1 January 2022 – 31 December 2022
| Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| Income and endowments from: | ||||
| Donations and legacies | - | - | - | - |
| Charitable activities – seminar income | 14,651 | - | - | 14,651 |
| Other trading activities | - | - | - | - |
| Investments | - | - | - | - |
| Other | - | - | - | - |
| Total | - | - | - | - |
| Expenditure on: | ||||
| Raising funds | - | - | - | - |
| Charitable activities – seminar costs | (20,367) | - | - | (20,367) |
| Charitable activities – bank fees and IT | (1,872) | (1,872) | ||
| Other | - | - | - | - |
| Total | (22,239) | - | - | (22,239) |
| - | - | - | - | |
| Netgains/ (losses)on investments | - | - | - | - |
| Net income/(expenditure) | (7,588) | - | - | (7,588) |
| Transfers between funds | - | - | - | - |
| Other recognised gains/ (losses) | ||||
| Gains/ (losses) on revaluation of fixed | - | - | - | - |
| assets | ||||
| Actuarial gains/ (losses) on defined | - | - | - | - |
| benefit pension schemes | ||||
| Othergains/ (losses) | - | - | - | - |
| Net movement in funds | (7,588) | - | - | (7,588) |
| - | - | - | - | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 36,254 | - | - | 36,254 |
| Total funds carried forward | 28,666 | - | - | 28,666 |
| Signed by: |
Date :
Matthew Greaves Treasurer and Trustee 30[th] October 2023
Approved by the Trustees : 31[st] October 2023