Trustees’ Annual Report for the period
From January 1, 2023
To December 31, 2023
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 2023 we held a 2-day seminar in Bratislava attended by more than 100 delegates. Two ‘Focus On…’ sessions were held – more details available on the website. |
| 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
Contribution made by Para 1.38 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 | In April 2023 we held a 2-day seminar in Bratislava attended by more than 100 delegates. This was organised to coincide with a related European meeting (ECAC ACC) to maximise attendance. Two online_Focus On…_sessions were held on ICAO and Family Liaison. 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 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 £8,583. |
| 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 has not been achieved this year due to large deposits being paid for the 2024 Seminar in Lisbon. These will be repaid in 2024. |
| 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 |
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. Elections were held in November 2023 electing a new trustee and re-electing two trustees standing again. |
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) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Olivier Ferrante | President | |||
| Matthew Greaves | Treasurer | |||
| Thorkell Agustsson | ||||
| Rob Carter | ||||
| Brian McDermid | ||||
| Nuno Aghdassi | Secretary | |||
| Arben Dika | ||||
| Kate Fitzgerald | ||||
| David King | ||||
– Corporate trustees names of the directors at the date the report was approved
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) Position (eg Secretary, Chair, etc) Date |
Matthew Greaves |
Nuno Aghdassi |
|---|---|---|
| Matthew Greaves | Nuno Aghdassi | |
Treasurer |
||
| 31 October 2024 | ||
| 31 October 2024 |
European Society of Air Safety Investigators Balance Sheet
31 December 2023
| Total funds | |
|---|---|
| £ | |
| Fixed assets: | |
| Intangible assets | - |
| Tangible assets | - |
| Heritage assets | - |
| Investments | - |
| Totalfixed assets | - |
| Current assets: | |
| Stocks | - |
| Debtors | - |
| Investments | - |
| Cash at bank and in hand | 8,583 |
| Total current assets | 8,583 |
| Liabilities: | |
| Creditors: Amounts fallingdue within oneyear | - |
| Net current assets or liabilities | 8,583 |
| Total assets less current liabilities | 8,583 |
| Creditors: Amounts falling due after more than one year | - |
| Provision for liabilities | - |
| Total net assets or liabilities | 8,583 |
| The funds of the charity: | |
| Endowment funds | - |
| Restricted income funds | - |
| Unrestricted funds | 8,583 |
| Revaluation reserve | - |
| Pension reserve | - |
| Total unrestrictedfunds | 8,583 |
| Total charity funds | 8,583 |
Signed by: Matthew Greaves Matthew Greaves Treasurer and Trustee
Date : 30[th] October 2024 Approved by the Trustees : 31[st] October 2024
European Society of Air Safety Investigators Statement of Financial Activity
1 January 2023 – 31 December 2023
| Unrestricted | Restricted | Endowment |
Total |
|
|---|---|---|---|---|
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| Income and endowments from: | ||||
| Donations and legacies | - | - | - |
- |
| Charitable activities – seminar income | 16,007 | - | - |
16,007 |
| Other trading activities | - | - | - |
- |
| Investments | - | - | - |
- |
| Other | - | - | - |
- |
| Total | 16,007 | - | - |
16,007 |
| Expenditure on: | ||||
| Raising funds | - | - | - |
- |
| Charitable activities – seminar costs | (19,516) | - | - |
(19,516) |
| Charitable activities – bank fees and IT | (887) | (887) | ||
| Other – Deposits Lisbon ’24 conference | (15,686) | - | - |
(15,686) |
| Total | (36,089) | - | - |
(36,089) |
| - | - | - |
- |
|
| Netgains/ (losses)on investments | - | - | - |
- |
| Net income/(expenditure) | (20,082) | - | - |
(20,082) |
| 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 | (20,082) | - | - |
(20,082) |
| - | - | - |
- |
|
| Reconciliation of funds: | ||||
| Total funds brought forward | 28,666 | - | - |
28,666 |
| Total funds carried forward | 8,583 | - | - |
8,583 |
Signed by: Matthew Greaves
Matthew Greaves Treasurer and Trustee Date : 30[th] October 2024 Approved by the Trustees : 31[st] October 2024