## **Trustees’ Annual Report for the period**
**From** January 1, 2024 **To** December 31, 2024
**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 October 2024 we joined with the
International Society of Air Safety
Investigators (ISASI) to hold a 4-day seminar
in Lisbon attended by nearly 300 delegates.
One ‘Focus On…’ webinar was held in May
2024 – more details are 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
One of the Trustees chose to make a £500 Para 1.38 charitable donation in 2024. 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|In October 2024 we held a 4-day seminar in
Lisbon in partnership with the International
Society of Air Safety Investigators (ISASI). It
was attended by nearly 300 delegates.
One online_Focus On…_session was held,
titled_Behind the Flight Deck Door._
The_Focus On…_sessions are aimed to
provide awareness and training for the
community. They are virtual webinars
(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 £4,731.
The Lisbon Seminar made a good profit
(mostly due to sponsorship) which will
strengthen our finances when the balance
arrives in early 2025.|
|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 was not the case at the end of this year,
partly because large deposits were paid for
the Seminar in Lisbon and we didn’t receive
the balancing payment until early 2025.|
|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 next
financial year when balance allows.|
|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|Funds come predominantly from
sponsorship of Seminars.|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|An investment policy manual is in
development.|
|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.
Further elections will be held in November
2025.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties 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|Secretary|||
||Matthew Greaves|Treasurer|||
||Thorkell Agustsson||||
||Rob Carter||||
||Nuno Aghdassi|President|||
||Arben Dika||||
||Kate Fitzgerald||||
||David King||||
||Paula Dugdale||||
||Brian McDermid||To 29thOctober 2024||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
– 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
held in this capacity|None|
|---|---|
|Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|n/a|
|Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|n/a|
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**mes and addresses of advisers (Optional information)**|**mes and addresses of advisers (Optional information)**|**mes and addresses of advisers (Optional information)**|
|---|---|---|
|**Type of**
**adviser**
**Name**
**Address**|||
||||
||||
||||
||||
|**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)**|_Matthew Greaves_|Nuno Aghdassi|
|---|---|---|
|**Full name(s)**|Matthew Greaves|Nuno Aghdassi|
|**Position**|Treasurer|President|
|**Date**|30 October 2024|31 October 2024|
## **European Society of Air Safety Investigators Balance Sheet**
31 December 2024
||**Total funds**|
|---|---|
||**£**|
|**Fixed assets:**||
|Intangible assets|-|
|Tangible assets|-|
|Heritage assets|-|
|Investments|-|
|_Totalfixed assets_|
-|
|**Current assets:**||
|Stocks|-|
|Debtors|-|
|Investments|-|
|Cash at bank and in hand|4,731|
|_Total current assets_|
4,731|
|**Liabilities:**||
|Creditors: Amounts fallingdue within oneyear|-|
|_Net current assets or liabilities_|
4,731|
|_Total assets less current liabilities_|
4,731|
|Creditors: Amounts falling due after more than one year|-|
|Provision for liabilities|-|
|_Total net assets or liabilities_|
4,731|
|**The funds of the charity:**||
|Endowment funds|-|
|Restricted income funds|-|
|Unrestricted funds|4,731|
|Revaluation reserve|**-**|
|Pension reserve|**-**|
|_Total unrestrictedfunds_|
4,731|
|**_Total charity funds_**|
**4,731**|
**Signed by:** _Matthew Greaves_ Matthew Greaves Treasurer and Trustee **Date** : 30[th] October 2025 **Approved by the Trustees** : 31[st] October 2025
## **European Society of Air Safety Investigators Statement of Financial Activity**
## 1 January 2024 – 31 December 2024
||**Unrestricted**|**Restricted**|
**Endowment**|
**Total**|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|**funds**|
||**£**|**£**|**£**|**£**|
|**Income and endowments from:**|||||
|Donations and legacies|500|-|
-|
500|
|Charitable activities – seminar income|18,504|-|
-|
18,504|
|Other trading activities|-|-|
-|
-|
|Investments|-|-|
-|
-|
|Other|-|-|
-|
-|
|**Total**|19,004|-|
-|
19,004|
|**Expenditure on:**|||||
|Raising funds|-|-|
-|
-|
|Charitable activities – Lisbon ‘24 costs|(22,472)|-|
-|
(22,472)|
|Charitable activities – bank fees and IT|(384)|||(384)|
|Other||-|
-||
|**Total**|(22,856)|-|
-|
(22,856)|
||-|-|
-|
-|
|Netgains/ (losses)on investments|-|-|
-|
-|
|**Net income/(expenditure)**|**(3,852)**|**-**|
**-**|
**(3,852)**|
|**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**|**(3,852)**|**-**|
**-**|
**(3,852)**|
||-|-|
-|
-|
|**Reconciliation of funds:**|||||
|Total funds brought forward|8,583|-|
-|
8,583|
|**Total funds carried forward**|**4,731**|**-**|
**-**|
**4,731**|
## **Signed by:** _Matthew Greaves_
Matthew Greaves Treasurer and Trustee **Date** : 30[th] October 2025
**Approved by the Trustees** : 31[st] October 2025