Trustees report and financial statements 2020

STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION THE ROYAL SOCIETY TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 86 SCIENCE SHAPING THE WORLD WE LIVE IN 87 Brought forward at 1 April 2018 £’000 Income £’000 Expenditure £’000 Transfers £’000 Investment and actuarial gain/(loss) £’000 Carried forward at 31 March 2019 £’000 Unrestricted funds General Trust Fund 14,446 606 (45) 45 646 15,698 BEIS Science and Research - 992 (992) - - - Revaluation Reserve 47,856 - - - - 47,856 Defined Benefit Pension Reserve (11,019) - 174 - (736) (11,581) General purpose 32,855 14,727 (19,554) 2,921 760 31,709 Total unrestricted funds 84,138 16,325 (20,417) 2,966 670 83,682 Total for all trusts Life Sciences Trust 29,652 1,090 (565) (266) 2,228 32,139 Maths and Physical Sciences Trust 25,442 848 (2,729) (171) 1,840 25,230 RW Paul Instrument Fund 14,571 450 (48) (266) 1,261 15,968 Theo Murphy – UK 69,272 2,149 (227) (1,875) 6,069 75,388 Other permanent endowments 11,640 359 (38) (189) 982 12,754 Theo Murphy – Australia 2,774 - - - 113 2,887 General Trust Fund 29,202 1,060 (89) 45 1,771 31,989 Other expendable endowments 9,454 290 (28) (294) 722 10,144 Enterprise Fund 7,854 - (255) - 1,937 9,536 Other restricted funds 20,113 89,728 (90,369) 95 581 20,148 BEIS Science and Research - 992 (992) - - - Revaluation Reserve 47,856 – – – – 47,856 Defined Benefit Pension Reserve (11,019) - 174 - (736) (11,581) General purpose 32,855 14,727 (19,554) 2,921 760 31,709 Total 289,666 111,693 (114,720) - 17,528 304,167 29 Prior year comparison – Movements on trust and specific funds in year – Group For the year ended 31 March 2019 continued Reference and administrative details President Sir Venki Ramakrishnan Treasurer Professor Andrew Hopper Physical Secretary Professor Peter Bruce Foreign Secretary Professor Richard Catlow Biological Secretary Sir John Skehel* Dame Linda Partridge** Members of Council Professor Michael Ashfold Professor Keith Ball* Professor Gillian Bates* Professor David Beerling** Professor Jean Beggs* Dr Mariann Bienz Sir Leszek Borysiewicz Professor Eleanor Campbell* Professor Christl Donnelly** Dr Christopher Dye Professor Russell Foster* Professor Chris Hawkesworth Dame Sue Ion Professor Richard Jones** Professor Jane Langdale** Professor Thomas McLeish Professor Richard Morris** Dame Bridget Ogilvie* Professor Sheena Radford Professor Maria Grazia Spillantini Professor Karen Steel Professor Ulrike Tillmann Professor Veronica van Heyningen** Professor Julia Yeomans * Retired 30 November 2019 ** Appointed 30 November 2019 Audit Committee Chair Sir John Beddington Executive Director Dr Julie Maxton Key Management Personnel Andrew Allen, Director of International Affairs Jennifer Cormack, Director of Development Mary Daly, Chief Financial Officer Richard Gascoigne, Director of IT Bill Hartnett, Director of Communications Linda Kelly, Director of Human Resources Rupert Lewis, Chief Science Policy Officer Dr Paul McDonald, Director of Grants Programmes Lesley Miles, Chief Strategy Officer Dr Alan Pitt, Director of Fellowship and Governance Affairs Dr Stuart Taylor, Director of Publishing Statutory Auditor BDO LLP 2 City Place Beehive Ring Road Gatwick RH6 0PA Bankers The Royal Bank of Scotland 1 Princes Street London EC2R 8BP Investment Managers Rathbone Brothers PLC 8 Finsbury Circus London EC2M 7AZ Internal Auditors KPMG LLP 15 Canada Square London E14 5GL Registered Charity Number 207043 Registered address 6 – 9 Carlton House Terrace London SW1Y 5AG royalsociety.org