Trustees report and financial statements 2020

OTHER INFORMATION THE ROYAL SOCIETY TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 34 FINANCIAL STATEMENTS GOVERNANCE 35 STRATEGIC REPORT SCIENCE SHAPING THE WORLD WE LIVE IN People At the core of the Society are people, from Fellows and staff to generous donors and the scientists who are supported through the Society’s funding programmes. Fellows of the Society elected in 2019 Professor Salim S Abdool Karim FRS Director, Centre for the AIDS Programme of Research in South Africa (CAPRISA), CAPRISA Professor of Global Health, Department of Epidemiology, Columbia University and Pro-Vice-Chancellor (Research), University of KwaZulu-Natal Professor Charles Bangham FMedSci FRS Professor of Immunology, Faculty of Medicine, Imperial College London Professor Gurdyal Besra FMedSci FRS Bardrick Professor of Microbial Physiology and Chemistry, Institute of Microbiology and Infection, School of Biosciences, University of Birmingham Professor Manjul Bhargava FRS R. Brandon Fradd Professor of Mathematics, Department of Mathematics, Princeton University Professor Caucher Birkar FRS Professor of Mathematics, Department of Pure Mathematics and Mathematical Statistics, University of Cambridge Professor Benjamin Blencowe FRS Professor and Banbury Chair in Medical Research, University of Toronto Dr James Briscoe FRS Senior Group Leader, Developmental Dynamics Laboratory, Francis Crick Institute Professor Peter Butler FRS Professor of Physics, Department of Physics, University of Liverpool Professor Lucy Carpenter FRS Professor of Atmospheric Chemistry, Department of Chemistry, University of York Professor Sarah C Darby FRS Professor of Medical Statistics, Nuffield Department of Population Health, University of Oxford Professor George Davey Smith FMedSci FRS Professor of Clinical Epidemiology, Population Health Sciences, Bristol Medical School, University of Bristol Professor Martin Embley FRS Professor of Molecular Evolutionary Biology, Institute for Cell and Molecular Biosciences, University of Newcastle upon Tyne Dr Bernard Fanaroff FRS Special Advisor to the Managing Director, South African Radio Astronomy Observatory and Square Kilometre Array South Africa Professor Jonathan Flint FRS Billy and Audrey Wilder Professor of Psychiatry and Neuroscience, Department of Psychiatry and Biobehavioral Sciences at the David Geffen School of Medicine, University of California, Los Angeles Professor Véronique Gouverneur FRS Professor of Chemistry, Chemistry Research Laboratory, University of Oxford Professor Christopher Hacon FRS McMinn Presidential Endowed Chair and Distinguished Professor, Department of Mathematics, University of Utah Professor Mark Handley FRS Professor of Networked Systems, Department of Computer Science, University College London Professor Richard Harland FRS CH Li Distinguished Professor of Genetics and Senior Associate Dean of Biological Sciences, Genomics and Development, Department of Molecular and Cell Biology, University of California, Berkeley Professor Peter Haynes FRS Professor of Applied Mathematics, Department of Applied Mathematics and Theoretical Physics, University of Cambridge Professor Martin Head-Gordon FRS Kenneth S Pitzer Distinguished Professor of Chemistry, Department of Chemistry, University of California, Berkeley and Senior Faculty Scientist, Chemical Sciences Division, Lawrence Berkeley National Laboratory Professor Matthew Hurles FRS Senior Group Leader and Head of Human Genetics, Wellcome Sanger Institute Professor Richard Jozsa FRS Leigh Trapnell Professor of Quantum Physics, Department of Applied Mathematics and Theoretical Physics, Centre for Mathematical Sciences, University of Cambridge Professor Gagandeep Kang FRS Executive Director, Translational Health Science and Technology Institute, India Professor Steve Kay FRS Provost Professor of Neurology and Director of Convergent Bioscience, University of Southern California Professor John-Michael Kendall FRS BGS Professor of Geophysics, School of Earth Sciences, University of Bristol Professor Roy Kerr FRS Canterbury Distinguished Professor, Mathematics Department, University of Canterbury, Christchurch, New Zealand Professor Jonathan Knight FRS Professor of Physics, Department of Physics, University of Bath and Pro- Vice-Chancellor (Research), University of Bath Professor Marta Kwiatkowska FRS Professor of Computing Systems, Department of Computer Science, University of Oxford and Fellow, Trinity College, Oxford Dr Mark Mayer FRS Scientist Emeritus, National Institute of Neurological Disorders and Stroke, National Institutes of Health, USA Professor Gareth H McKinley FRS School of Engineering Professor of Teaching Innovation, Department of Mechanical Engineering, Massachusetts Institute of Technology Professor David Nicholls FRS Professor Emeritus of Mitochondrial Physiology, the Buck Institute for Research on Aging, USA Professor Christine Orengo FRS Professor of Structural Bioinformatics, Division of Biosciences, University College London Professor Anne Osbourn FRS Group Leader, Department of Metabolic Biology, John Innes Centre Professor Anant Parekh FRS Professor of Physiology, Department of Physiology, Anatomy and Genetics, University of Oxford Professor Julian Peto FRS Professor of Epidemiology, Faculty of Epidemiology and Population Health, London School of Hygiene & Tropical Medicine Professor Caetano Reis e Sousa FMedSci FRS Assistant Research Director and Senior Group Leader, The Francis Crick Institute Professor John Rodenburg FRS Personal Chair, Department of Electronic and Electrical Engineering, University of Sheffield Professor Matthew Rushworth FRS Watts Professor of Experimental Psychology, Department of Experimental Psychology and Wellcome Trust Centre for Integrative Neuroimaging (WIN), University of Oxford Professor Leonid Sazanov FRS Professor, Institute of Science and Technology Austria Professor Gregory Scholes FRS William S Tod Professor of Chemistry, Department of Chemistry, Princeton University Professor Barbara Sherwood Lollar CC FRS Director, Stable Isotope Laboratory, Department of Earth Sciences, University of Toronto Professor Molly Shoichet OC FRS University Professor, Department of Chemical Engineering and Applied Chemistry, Institute of Biomaterials and Biomedical Engineering, Department of Chemistry, University of Toronto Professor Liz Sockett FRS Professor of Bacterial Genetics and Wellcome Trust Investigator, School of Life Sciences, University of Nottingham Professor Paraskevas Sphicas FRS Senior Scientist, CERN and Professor of Physics, National and Kapodistrian University of Athens Professor Jack W Szostak FRS Professor of Chemistry and Chemical Biology, Harvard University and Massachusetts General Hospital Dr Andrew Taylor OBE FRS Executive Director, STFC National Laboratories Affiliations at the time of election in April 2019