A N NU A L REV I E W April 2006 – March 2007

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Royal SocietyofEdinburgh

The

A N N U A L R E V I E W

April 2006 March 2007

providingpublicbenefit


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R O Y A L S O C I E T Y O F E D I N B U R G H

Annual Review 2006 2007

The Society has had a busy and productive year, as this

Review reflects. A Strategic Frameworkdocument was

completed, charting a path ahead until 2012. This Review

is by no means an exhaustive account, rather a flavour

of our wide-ranging activities between April 2006 andMarch 2007.

Supporting our Parliamentarians is one of my key aims

as President. To this end, work began in this period to

appoint our first Parliamentary Liaison Officer, in

partnership with The Royal Society of Chemistry. Former

MSP Bristow Muldoon, who is a chemistry graduate, will

operate in an entirely non-party-political way across all

political parties. We hope he will increase MSPs' access to

the Societies' expertise. The post will also act as a bridge

between Holyrood, Westminster and the European

Parliaments on scientific and cultural issues.

Last year our major independent Inquiry focused on

the Energy needs of Scotland and its report in June was

opportune in stimulating debate. We have maintained the

momentum in this field by following up the report with

public meetings all over Scotland. This activity culminated

in a major conference in Edinburgh and an updated report.

In order to Chair the Societys latest Inquiry into the

Future of Scotlands Hill and Island Areas, Professor Gavin

McCrone stood down as General Secretary on March 1st.

We offer him our thanks for the great contribution hecontinues to make.

In this period, The Presiding Officer of The Scottish

Parliament, The Rt Hon George Reid MSP reached the

end of a successful term in office. The Society enjoyed a

positive relationship with George Reid both in his capacity

as Chair of Scotland's Futures Forum and when he

presided over our Research Awards Reception held in

the Parliament's Chamber in September 2005. I welcome

the new Presiding Officer, Alex Fergusson, particularly as

it was he whose motion led to tributes being paid in the

Scottish parliament on the 175th anniversary of the birth

of James Clerk Maxwell. Another of my principal goals as

President is for a statue of James Clerk Maxwell to beerected in Edinburgh. This project began taking shape in

2006 and planning permission has now been granted for

an entirely in-keeping monument to Maxwell to be

located at the east end of Edinburgh's George Street.

This is close to the church he attended as a boy and to

the Royal Society of Edinburgh, of which he was a Fellow.

Generous pledges of funds towards the statue have

already been received and I would welcome dialogue

with anyone who would like to support the creation of a

monument. It is my hope that the statue project will be

well-advanced by the time I demit office in October 2008.

The widening breadth of our Events programme has

been well-illustrated in this timeframe with significant

conferences on the impact of the Vikings, Alternatives to

Prison, and Islam and Democracy, which was broadcast

across the Arabic-speaking world by British Satellite

News and Al Jazeera television. International activity

remains very high on our agenda and thanks are due to

Sir Neil MacCormick for the excellent job he has done as

International Convener. Increasingly, the Society is

web-casting its activities. This enables anyone anywhere

in the world with a broadband connection to watch,

and even participate, online. Just as dissemination of

information is important, evaluating the impact of our

activities is central to the RSE and to its strategic

partners. As ever, your feedback will help us build upon

the innovative approaches in areas such as our Young

Peoples Programme and Research Awards, that you

can read about in this Review, and strengthen our

contribution of public benefit.

RSE President Sir Michael Atiyah, OM, FRS, PRSE, HonFREng, HonFMedSci, HonFFA


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providing public benefit through:

attracting and retaining world-class research talent

New Research Workshops in the Arts and HumanitiesThis year saw the start of a new programme of research awards in the Arts andHumanities. As the first stage of a three-year development phase for thisprogramme, the RSE, along with Scottish Executive support, is funding threeResearch Workshops, each worth 10,000, to be held between September 2007and August 2008. These workshops are to promote collaborative research in theArts and Humanities. The recipients of the awards were appointed in March 2007.

BP Research FellowshipsThe BP Fellowship for 2006 was awarded to Dr Cristina Persano from the University

of Glasgow for her research project, Magnitude and tempo of landscape changes:reading the music. During the year, an event was also held to celebrate what has beenachieved by the BP Research Fellowships scheme since it was established in 1988.The event served to raise awareness of this excellent initiative, thank BP for itsgenerous support for the scheme and identify what might be done in the future toenhance and improve it. Lord Browne, then Group Chief Executive, BP (pictured), andseveral other BP representatives attended the event along with RSE Fellows, includingsome of the subject-experts who sit on the current selection committee and otherswho have done so throughout the years. Past and present Research Fellows were alsoin attendance. Several presented posters and Professor Roger Watt FRSE and ProfessorMiles Padgett FRSE, both of whom held BP Fellowships, made presentations,demonstrating the lasting benefit they have gained from holding these Fellowships.

Lloyds TSB Foundation for ScotlandLloyds TSB Foundation for Scotland began funding research into the ageing populationthrough the RSE in 1999, entrusting a further 900,000 to the society in 2005 in orderto continue the scheme for another three years. Over the years, twenty- six academicresearchers have been funded for research into various aspects of the medical,psychological, sociological or economic consequences of ageing. Awards are madeannually and all projects aim at improving the quality of life of the ageing populationin Scotland; three fellowships were awarded this year. Both organisations continuedtheir commitment to disseminating knowledge about the real benefits of the researchpartnership and this year the RSE again ran an afternoon workshop as part of the LloydsTSB Foundation for Scotland Annual Forum held at the Edinburgh InternationalConference Centre. (Professor Norman Alm, former Lloyds TSB Foundation for Scotland

Support Fellow, pictured addressing the workshop). The event is available as anon-demand web cast and can be viewed at any time through the RSE website atwww.royalsoced.org.uk


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International Agreements Signedand increased number of Exchange Visits

The RSEs International Programme once again went from strength to strength. Newagreements were signed with a number of academies, namely an informal agreementwith the Royal Swedish Academy of Sciences in June, and bilateral agreements with theSlovenian Academy of Sciences and Arts and the Slovak Academy of Sciences in Augustand November respectively. Professor Sir Neil MacCormick, RSE International Convener ispictured with Professor Jn Slezk, First Vice-President of the Slovak Academy of Sciences.Progress was also made in relation to agreements to be signed in the coming year. Visitstotalling 69.5 person-weeks took place through the Bilateral Programme run with sisteracademies and visits totalling 180.5 person-weeks through the Open Programme. This isa significant increase from last year, when the RSE awarded exchanges on the BilateralProgramme totalling 55 person-weeks and 83 on the Open Programme.

Links with EuropeThe European Policy Forum of the International Committee organises an annual lectureon a European theme. Mr Jacek Saryusz-Wolski, current Vice-President of the EuropeanParliament was invited to deliver the 2006 lecture at the Society in June and spoke onSolidarity in the enlarged European Union. Mr Saryusz-Wolski was previously Professorin the University of Lodz. He now leads the Polish delegation to the European Parliamentand is responsible for the new neighbourhood policy of the EU. The European PolicyForum also arranged other high-profile events and as part of this, Professor JriEngelbrecht, President of ALLEA (All European Academies) visited the Society inOctober and gave a lecture entitled European Science Policy and Academia. ALLEA isa self-governing association of the leading national academies in Europe and the RSEwas admitted to membership in 2002.

Vikings ConferenceRun jointly with The Norwegian Academy of Science and Letters, this successfulconference encompassed a wide and diverse range of disciplines and brought togetherall the varied aspects of the Viking impact on Scotland: the history, the archaeology, theplace-names and the literary and linguistic evidence. Held in September at the RoyalMuseum, Edinburgh, The Vikings and Scotland: Impact and Influenceincluded the latestcontribution to the field of early population history in the form of new genetic studies, anaspect which is going to have a very important role in future consideration of the impactof the Scandinavian invaders on Scotland. The Opening Evening Lecture by the lateMagnus Magnusson FRSE summed up the dilemma of uncertainty which has racked theworld of Viking studies in the past decades: Saints or sinners? Heroes or villains? Settlersor invaders? Raiders or traders? Pillagers or poets?As he remarked, perhaps indeed theywere all of these things. Pictured at the conference are Dr Ole Laerum CorrFRSE, Presidentof the Norwegian Academy (right) with Frans-Arne Stylegar, one of the speakers.




awareness of Scotland as a world-class location

for research and development


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a culture that fosters knowledge transferfrom a science and cultural base

Enterprise Fellowship AwardsThe Enterprise Fellowships scheme, run in partnership with Scottish Enterprise,

aims to increase the commercialisation of academic research through technologytransfer from the academic institution into a spin-out company. This activity helpscreate sustainable companies with high-value jobs and contributes to the economyin the long term. During the year six Scottish Enterprise Fellowships were awarded,three each in the fields of Electronic Markets and Life Sciences. A review of thescheme was also undertaken during the year by Ernst & Young. This demonstratedits outstanding success and value. The RSE hopes to secure funding to enable thescheme to continue. (Scottish Enterprise Fellow, Frances Flood of Department ofElectrical Engineering, University of Strathclyde pictured).

BBSRC Enterpise Fellowships

Similar to the Scottish Enterprise-funded scheme, the Biotechnology and BiologicalSciences Research Council (BBSRC) Enterprise Fellowships are designed to enablean individual to advance the commercialisation of existing research results ortechnological developments and are tenable for a period of one year. TheFellowships enable the holder to concentrate on developing the commercial potentialof their research, whilst also receiving formal training in relevant business skills.

Following a rigorous selection process, two BBSRC Enterprise Fellows were awardedthis year from an encouraging number of high quality applicants. (BBSRC awardees,Dr Suzanne Dilly, Department of Chemistry, University of Warwick and GarethRichards, Clinical Sciences, University of Sheffield Medical School pictured atResearch Awards reception).

Gannochy Trust Innovation AwardThe Gannochy Trust Innovation Award of the Royal Society of Edinburgh was created in

2003 to encourage and reward Scotlands innovators for work which benefits Scotlandswellbeing and to recognise outstanding individual achievement. The fourth Gannochy

award was presented to Dr Marie Claire Parker at a Ceremony held in the Royal Museumof Scotland in October 2006 (pictured). Dr Parker is CEO of XstalBio Ltd, a University ofGlasgow and University of Strathclyde spin-out company, which developed as a result

of an RSE/Scottish Enterprise Fellowship held by Dr Parker in 2001. The coveted awardalso carries a cheque for 50,000 and a specially commissioned gold medal, which waspresented to Dr Parker by the President of the RSE, Sir Michael Atiyah. Dr Parker is

developing a new technology which could transform the treatment of many diseases byenabling protein medicines that currently need to be injected, to be taken with an inhaler.Dr Parker is using the 50,000 award to help develop the manufacturing process of

stable, cost-effective vaccines and the advancement of a high quality biotechnologymanufacturing company in Scotland, boosting our economy.


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Islam and DemocracyIn May 2006 a conference was held to debate the subject Islam and Democracy.

The day-long conference was well attended and was broadcast live to much of theArabic-speaking world by British Satellite News and Al Jazeera television. The conferenceaimed to bring together prominent, active speakers to debate the subject, and addressseveral fundamental questions. A point that emerged was that understanding therelationship between Islam and democracy requires a deconstruction of both concepts:democracy is no more a single thing than Islam is, and it could be that some forms of Islamcan accept some forms of democracy. Promoting democracy is not the same as imposingit, and it is in the interests of Western governments to create space for more voices to beheard while accepting the consequences of democratisation even if this creates spacefor voices critical of the West. The conference allowed a free and frank exchange of viewsand many worthwhile points were made. The event was supported by HRH PrinceAlwaleed Bin Talal Bin Abdulaziz Alsaud, The Foreign and Commonwealth Office andThe Edinburgh Institute for the Study of the Arab World and Islam.

Alternatives to PrisonAre custodial sentences the most effective way of combating crime? This three-dayconference was organised jointly with Encounter, in December 2006. A group of eminentspeakers addressed the issues and discussion sessions allowed the 140 delegates tocontribute to the debate. Speakers included: The Rt Hon Lord Hope of Craighead, FRSE,Lord of Appeal in Ordinary, The House of Lords; The Rt Hon The Lord Phillips of WorthMatravers, The Lord Chief Justice of England; The Hon Mr Justice John L Murray, Chief Justice,Ireland; Baroness Vivien Stern CBE, Senior Research Fellow, International Centre for PrisonStudies, London; and Baroness Linklater of Butterstone, Chair, Rethinking Crime andPunishment. A Conference Report is available on-line at www.royalsoced.org.uk or onrequest from [email protected]

Science EventsDuring the year the RSE delivered a wide range of public lectures, conferencesand discussion forums on science-related subjects, including three discussionforums in the Natural Disasters Earth, Wind, Fire, Water series and Professor SueBlacks FRSE Lecture on Forensic anthropology the journey from Culloden to Iraq,part of the fifteenth series of The Edinburgh Lectures, on the theme, InspiringPeople. Dr Athna Coustenis, Astronomer, Paris-Meudon Observatory (pictured)took part in the Robert Cormack Bequest workshop held at the RSE, presenting alecture on The Cassini-Huygens mission at Titan.




public appreciation and understandingof science and culture


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providing public benefit through:inspiring young people, primarily in the

field of science, but also other areascovered by the wider school curriculum

E-learning Stem Cells CDFollowing the Stem Cell Research Discussion Forum which took place in June 2006,this project was expanded to enable all students from throughout Scotlandto access the resources associated with the event. To this end a CD-Rom,including video material of all the presentations that occurred during theDiscussion Forum, resources for teachers and a student debate pack wereproduced and sent to all schools in Scotland. The RSE compiled a report of theday which highlights students opinions on this important topic and this reportwas also sent to Scotlands key Public Policy-Makers along with the CD-Rom.These resources are now also available through the RSE website atwww.royalsoced.org.uk/schools/e-learning/stem_cells/index.html

Dolly the Sheep at the MuseumThe tenth anniversary of the creation of Dolly the Sheep was celebrated inFebruary with a day of family events held at the Royal Museum. Young peoplewere invited to meet Professor Ian Wilmut OBE, FRS, FRSE who led the team thatcreated Dolly and the vet who cared for her and to find out from Museum staffhow she was prepared for display. Those present also took part in variousworkshops, including art workshops for younger children and the opportunityfor youngsters over 10 years old to extract their own DNA.

Inspiring Young People throughout ScotlandThe Young Peoples programme covered the length and breadth of Scotland andreached young people from Primary 6 and 7 ages, to those about to embark onUniversity life. Activities organised included, 10 RSE@school talks, two Science,Engineering and Technology Summer Schools, 20 RSE Maths Masterclasses,36 Startup Science Masterclasses, and 10 Computer Science Workshops, as wellas the RSE Roadshow in Ullapool, various Energy Talks and the Christmas Lecturegiven in Stirling by Heather Reid OBE, BBC Meteorologist (pictured). In addition,planning took place in relation to a programme of Sustained Activity for Arbroathduring 2007/08, which will offer a wide range of science and cultural activities foryoung people and the wider public, including specialist lectures, popular talks anddiscussions, classes and workshops for schools at secondary and primary levels,

as well as exhibitions and social events.


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Sustaining and Utilising the RSE Fellowship

The FellowshipThe Societys Fellowship includes men and women from all

parts of Scotland, the UK and overseas, and encompasses the

full range of disciplines, including science, engineering, socialsciences, arts, humanities, law, business and industry.

The discipline balance of the Fellowship can be broadly

represented by four cognate sectors. In the Ordinary

Fellowship the current balance of these sectors is 36%

(Life Sciences), 37% (Physical, Engineering and Informatic

Sciences), 19% (Social Sciences, Arts and Humanities) and

8% (Economics, Business and Industry). This represents a

slight increase from 2006 in the representation of those

from the latter two groups.

New Fellows Elected

Fifty-five new Ordinary Fellows and 10 new CorrespondingFellows were elected this year following the scrutiny of

175 candidates through a four-stage committee process,

culminating in a postal ballot in December to the entire

Fellowship. The addition of these new Fellows in 2007

brought the numbers in the Fellowship up to 1,465,

comprising 67 Honorary Fellows; 43 Corresponding Fellows

and 1,355 Ordinary Fellows. New Fellows included scientist

and science communicator, Baroness Susan Greenfield, CBE

(pictured), The Earl of Dalkeith, President of the National

Trust for Scotland, and James MacMillan, contemporary

composer and Composer/Conductor in Association with the

BBC Philharmonic Orchestra.

Overseas-based new Corresponding Fellows include

The Very Reverend Iain Torrance, President of Princeton

Theological Seminary and former Moderator of the GeneralAssembly of the Church of Scotland, and distinguished

mathematician, Professor Nicolai Krylov.

Fellows Contribute Expertise

Fellows are pivotal to the Societys delivery of public benefit

activities, participating in all of the aforementioned activities

in various capacities. The many RSE Committees comprise,

although not exclusively, Fellows of the Society. These

committees cover Operational and Management matters.

Amongst other activities, Fellows freely give of their time

and lend their expertise in the selection of Research

and Enterprise Fellowship awardees, the awarding ofInternational exchange visits and various medals, grants and

prizes, as well as participating in the planning and execution

of lectures, conferences and discussion forums, contributing

to the young peoples programme and serving on the Inquiry

Committees, providing evidence and advice to policy and

decision-makers. (Professor Andrew Miller, Professor Maxwell

Irvine and Professor Janet Sprent, members of the Energy

Inquiry Committee pictured with a representative of Scottish

and Southern Energy plc on a site visit).


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International ExchangeVisitors from OverseasScottish-based host: Dr Murray Roberts, Higher Scientific

Officer, Scottish Association for Marine Science.

Visitor: Dr. Steve W. Ross, Research Faculty, University

of North Carolina at Wilmington.

Funding from the RSE International Exchange Programme

supported the visit of Dr Ross to join a research cruise on the R/V

Pelagia and to visit the Scottish Association for Marine Science.

Dr Ross joined the R/V Pelagia as part of an initiative to begin

comparisons and joint studies on deep coral habitats on both sides

of the Atlantic. In addition to learning new techniques (multibeam

mapping, box coring, benthic landers), Dr Ross obtained samples

of Lophelia pertusatissue and Madreporafor genetics studies.

These will be valuable for long distance comparisons with the

extensive western Atlantic samples. Structurally, there is a lot of

similarity between coral banks at the Rockall Bank mounds andthose off the southeastern US, and this cruise was invaluable

for the insight it provided.

Following the visit, a grant of 250,000 has been awarded to

Dr Roberts by the European Union. This will allow him to work in

North Carolina for 16 months to develop plans for the first ocean

basin scale assessment of cold-water coral ecosystems. After this,

Dr Roberts will return to Scotland with funding from the ECs

Marie Curie fellowship scheme for a further eight months to

complete work on this 'Trans-Atlantic Coral Ecosytem Study.

In addition, it is likely that the Dutch cold-water coral researchers

will send their benthic landers to the USA to study the deep-

water reefs. These expensive systems (akin to lunar landers)allow the monitoring of processes at the seafloor. Drs Ross and

Roberts believe the RSE support was pivotal in developing this

initiative which is now growing into a larger project.

International ExchangeVisits AbroadDr Simon Thirgood (pictured top right photo; front left),

The Macaulay Institute.

Visited: Professor Ruijun Long (pictured right),

North West Plateau Institute of Biology,

The Chinese Academy of Sciences

The purpose of the visit was to explore the opportunities forcollaborative research between the Macaulay Institute and the

North West Plateau Institute of Biology and Lanzhou University.

The most pressing environmental issue in the Qinghai-Tibetan

Plateau is overgrazing. The Chinese governments focus in the

past 40 years has been to increase animal production in the

north-western provinces. Livestock densities have increased and

heavy grazing has led to loss of vegetation cover and soil erosion

in some areas and invasion by unpalatable species of plants inothers. The situation is more complex however, with two species

of small mammals the pika and zokor also blamed for

overgrazing. Both species are poisoned in government-sponsored

rodent control programmes with corresponding impacts on

biodiversity and ecosystem function.

The first area of collaboration as a result of this visit is the

analysis and publication of existing long-term data from

the Sunnan area of Gansu Province. The second is the joint

supervision of existing and new Chinese PhD students working

in the Headwater of Yellow River area of Qinghai Province.

These students will focus on linkages between soil microbial

processes and above ground biodiversity. Finally, long-term

experiments are to be set-up that are needed to tease apart

the complex interactions between livestock, rodents, vegetation

and climate change.

From Research to CommercialisationDr Martin Wickham Institute of Food Reserch

IFR model of human digestion

Dr Martin Wickham (pictured left) was awarded a year-long

BBSRC Enterprise Fellowship in October 2005 and carried out

his research at the Institute for Food Research (a BBSRC-funded

research institute) in Norwich.

The Model Gut is a new research tool that enables the foodand pharmaceutical industries to predict digestion of real foods

and medicines within the human stomach and small intestine.

As well as providing an alternative to some animal experiments and

human studies, the Model Gut provides detailed understanding on

important areas such as the fate of nutrients and medicines taken

orally, and interactions between foods and medicines.

Dr Wickham explains, Essentially, the Enterprise Fellowship has

provided me with the tools to build the foundations of a successful

business, and to progress the Model Gut from what is essentially an

academic idea, towards a fully developed system tailored for

commercial exploitation. Because of the training, mentoring and

business networks the fellowship has provided, the Model Gut

technology is already generating significant revenue and showingconsiderable future commercial potential". The Model Gut was

launched in summer 2006 and the BBC featured the story in

November 2006.

Case Studies


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Financial Review

10

The RSEs financial position continued to

strengthen during the year with an operating

surplus of 246,000 and an improvement in

the RSEs net assets of 604,000.

However, the total of incoming resources at3.638m was marginally lower (2%) than

the previous year. The principal cause was

an 8.5% reduction in income from Scottish

Executive and related public sector

bodies due to curtailment or transfer of

responsibilities for programmes which the

RSE has been managing. It is a feature of the

RSEs activities that income is affected by

decisions by the public sector on the

quantum and timing of their programmes.

On the cost side, total expenditure increased

by 7% to 3.392m. The operational activities,

comprising public benefit programmes which

the RSE manages with externally generated

funds, continue to result in a deficit. The

shortfall at this level is the difference

between the full cost of managing these

programmes and the income received.

The operating loss is funded by the RSEsown income, which comes from subscriptions

from Fellows, investments and property

income. This subsidy of current programmes

constrains the RSEs ability to develop its

planned future activities, which are set out

in the Strategic Framework. It is the intention

to invest for future development and

efficiency gains as the RSEs financial

position strengthens.

In addition, further adjustments are made

to meet the SORP accounting requirements

regarding recognition of income in earlier

periods than those in which expenditure is

incurred, which were explained in last yearsreview. The result for the year after these

adjustments was an overall surplus of

246,000 in 2006/2007 compared to the

exceptional 551,000 in the previous year.

Meanwhile, the balance sheet benefited

from investment gains of 216,000 and

from an actuarial gain on the RSEs pension

position of 142,000. These two changes,

together with the operating surplus of

246,000, account for the increase in theRSEs net assets from 11.2m to 11.8m.

Of this total, those assets which are entirely

at the discretion of the RSE amount to 6.5m,

of which 4.2m is represented by the RSEs

premises. So although the RSEs overall

financial position is improving, our financial

base is still inadequate to enable the RSE to

contribute to the community in Scotland as

comprehensively as it has the capacity and

wish to do.


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Income and expenditureGeneral Fund Designated funds Restricted income Restricted funds 2007 total 2006 total

000 000 000 000 000 000

Incoming resources from generated funds 863 81 443 1,387 1,339

Incoming resources from charitable activities 122 1,891 238 2,251 2,383

Total incoming resources 985 81 1,891 681 3,638 3,722

Cost of generating funds (122) (9) (76) (207) (182)

Charitable activities (616) (43) (1,988) (377) (3,024) (2,845)

Governance (118) (18) (25) (161) (144)

Total resources expended (856) (70) (1,988) (478) (3,392) (3,171)

Net incoming resources 129 11 (97) 203 246 551

Group balance sheetGeneral Fund Designated funds Restricted income Restricted funds 2007 total 2006 total

000 000 000 000 000 000

Tangible fixed assets 2,310 1,850 4,160 4,278

Investments 113 1,449 4,878 6,440 5,624

RSE Scotland Foundation loan 1,891 (1,891)

RSE Scotland Foundation current account (205) 205

Current assets 61 117 178 177

Deposits 274 262 524 140 1,200 1,762

Cash 381 64 445 303

Current liabilities (66) (167) (121) (354) (577)

Provisions for liabilities and charges (304) (304) (237)

Pension fund asset / ( liability) 49 49 (120)

General fund 607

Designated funds 5,912

Restricted income 53

Restricted funds 5,242

Total net assets 11,814 11,210

The figures above have been extracted from the audited accounts for the period ended 31 March 2007 which carried an

unqualified audit report. The full Trustees report and audited accounts are obtainable in hard copy from 22 26 George Street,

Edinburgh EH2 2PQ or on the RSE website www.royalsoced.org.uk.

Independent auditors statementWe have examined the summarised financial informationwhich is prepared for the purpose of inclusion in the Societys

annual review.

The Council is responsible for the preparation of the financialinformation. We have agreed to report on its consistency withannual accounts on which we reported on 3 September 2007.

Basis of opinionWe have carried out the procedures we consider necessaryto ascertain whether the summarised review is consistent

with the annual accounts from which it has been prepared.OpinionIn our opinion the financial review is consistent with theannual accounts for the year ended 31 March 2007.

HENDERSON LOGGIE, EDINBURGH, SEPTEMBER 2007


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0 200 400 600 800 1000 1200 1400 1600

119

304

1,236

586

638

226

121

162

Cost of generating funds

Providing advice

Supporting research

Supporting innovation

Communicating knowledge

Promoting international awareness

Sustaining and utilising Fellowship

Governance

Income by source (000)

Resources expended (000)

Promotion of research & innovation

Investment income

Activities for generating income

Other charitable activities

Voluntary income (donations & grants)

Own income

Publicsector bodies

ScottishExecutive

Charitabletrusts

Companies

Individuals& legacies

Fellows

0 200 400 600 800 1000 1200 1400 1600

780

528

1,432

522

12

184

180


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Corporate Governance & Management

Council of The Royal Society of Edinburgh (RSE)

President: Sir Michael Atiyah, OM

Vice-President: Professor John Mavor, FREng

Vice-President: Professor Jan McDonald

Vice-President: Baron Patel of Dunkeld*

General Secretary (until 28 February 2007): Professor Gavin McCrone, CB

General Secretary (from 1 March 2007): Professor Andrew Miller CBE

Treasurer: Mr Edward Cunningham, CBE

Fellowship Secretary: Professor Andy Walker

Councillors Professor Sue Black, OBE*

Professor Rona MacKie, CBE

Professor April McMahon, FBA*

Ms Shonaig MacPherson, CBE

Professor Christopher Whatley*

Executive Board

General Secretary (until 28 February 2007): Professor Gavin McCrone, CB

General Secretary (from 1 March 2007): Professor Andrew Miller CBE

Treasurer: Mr Edward Cunningham, CBE

Curator: Professor John Howie, CBE

Research Awards Convener: Professor Peter Holmes, OBE

International Convener: Professor Sir Neil MacCormick, FBA*

Programme Convener: Professor David Ingram, OBE, VMH

Young Peoples Programme Convener: Professor Miles Padgett

Chief Executive: Dr William Duncan

Director of Finance: Kate Ellis

*denotes Office Bearers elected in October 2006

The Society is registered in Scotland as Scottish Charity No. SC0000470

Inland Revenue Claim Board Reference CR 18102


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The Royal Society of Edinburgh was founded in 1783.

It is Scotlands national academy. Its Fellowship includes

some of the best intellectual talent in academia, the

professions and business. It facilitates public debate,

research programmes, educational projects and strategy

formulation. Its strength is its diversity and impartiality.

The Societys unique multi-disciplinary approach enablesit to draw from and link with a broad spectrum of expertise

to advance the understanding of globally-important issues.

In fulfilling its Royal Charter for the advancement of learning

and useful knowledge, the RSE is seeking to contribute to

the social, cultural and economic wellbeing of Scotland.

Scottish Charity No. SC000470

ISSN 1742-1810

Royal SocietyofEdinburgh

The The Royal Society of Edinburgh22 26 George Street, Edinburgh EH2 2PQ

T 0131 240 5000

F 0131 240 5024

E [email protected]

W www.royalsoced.org.uk

A N NU A L REV I E W April 2006 – March 2007

Documents

Transcript of A N NU A L REV I E W April 2006 – March 2007