Royal Society of Edinburgh

The

Annual Review
April 2005 March 2006
providing public benefit

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

Annual Review 2005 2006

This Annual Review offers a avour of some of the wide-ranging activities in which the RSE was engaged between April 2005 and March 2006. My predecessor, Lord Sutherland of Houndwood, KT, FBA and the former General Secretary, Professor Andrew Miller CBE deserve much credit for the excellent health in which I found the Society upon taking office last October. Through extensive consultation with Fellows and deliberation by Council, Lord Sutherland introduced signicant improvements to our governance and management structures. As a result, the Trustee membership of Council was reduced from 25 to 12 and a new Executive Board, Chaired by the General Secretary, was created with substantial delegated authority from Council, linking Fellows and senior RSE staff responsible for delivery. Lord Sutherland recognised the fundamental importance of increasing engagement with the Fellowship which he saw as a collegiate body, celebrating all that is good about the mind. The introduction of postal ballot of all Ordinary Fellows for the election or re-election of Council members and other Office-bearers has been successful in involving Fellows unable to attend the ASM. I share the value Lord Sutherland placed in the importance of this annual gathering and this year, for the rst time in our history, we shall webcast the meeting, enabling Fellows anywhere in the world to participate. We must ensure, as a Society, that we continue to reassess our purpose, clarify our priorities and, importantly, protect and maintain our independence, integrity and academic rigour. With this focus in mind, Vice-President, Professor John Coggins is chairing a

group of Council Members to review our Corporate Plan. I will always welcome constructive ideas on our future activities. My predecessors recognised that with devolution and the re-establishment of the Scottish Parliament there would be scope for the RSE to play a more important role in Scottish life. I rmly believe that as an unaligned, expert body we can further support the New Scotland by building on cross-party relationships, interacting constructively with MSPs, Ministers and civil servants. As Scotlands National Academy, it is the role of the RSE to identify the complex problems in the world around us to which we can help offer solutions. Our independent Inquiry into Energy Issues for Scotland, Chaired by Professor Maxwell Irvine, illustrates the contribution that we can make as a non-party-political, multidisciplinary Fellowship. I offer my thanks to Professor Irvine, the Secretary, Professor Roger Crofts and all Committee Members for producing an excellent and timely report which is contributing to this important debate. A series of follow-up events around Scotland will seek to stimulate public engagement. This is the 175th anniversary year of the birth of James Clerk Maxwell and yet the contribution of our greatest scientist is not adequately recognised here in Scotland. I hope to remedy this in various ways. One successful outcome has been the establishment of an annual James Clerk Maxwell Prize Lecture, in partnership with the IEEE and generously sponsored by Wolfson Microelectronics. I am also hopeful that, at least before another signicant Maxwell anniversary is reached a prominent statue of him may grace the streets of Edinburgh.

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

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

Annual Review 2005 2006

providing public benet through: authoritative, independent advice and making recommendations to policy decision-takers
Energy Inquiry launched
The Society launched an Inquiry into Energy Issues for Scotland in May 2005. The committee charged with conducting the Inquiry took evidence during the year from almost one hundred expert witnesses, received nearly two hundred written submissions and held meetings in Lewis, Orkney, Shetland, Inverness, Aberdeen, Glasgow, Edinburgh and London. In addition, a delegation visited Finland to observe its approach to energy issues. The wide-ranging report was published in June 2006. It states that there is a critical need for action and highlights opportunities and challenges for Scotland. The report makes 37 key recommendations and emphasises that diversity of energy sources will be crucial to security of supply. The Summary and Full Report are available online and hard copies of the Summary are available on request.

Evidence, advice and comments; position papers

During the year the Society submitted evidence and advice on 21 occasions, covering a wide range of subjects, including: A European Institute of Technology?; Towards a Transport Strategy for Scotland: Consultation on Rail Priorities; Crofting Reform Bill; Policy for the Long Term Management of Solid Low Level Radioactive Waste in the UK; Strengthening Judicial Independence in Modern Scotland; and, Developing a New Strategy for the Scottish Funding Council. Consideration is now being given to alternative ways of identifying suitable subjects for future Position Papers.

The RSE and the Scottish Parliament

Leading scientists and other key decision-makers met in The Scottish Parliament in September to discuss how Scotland can best attract, retain and recognise Scotlands research talent. The Presiding Officer of The Scottish Parliament, The Rt Hon George Reid, MSP, opened the event, which was held in the Parliaments Debating Chamber and organised by the Society in partnership with Scotlands Futures Forum. The discussion preceded the Societys presentation of 42 Research and Enterprise Awards and Prizes for 2005. In partnership with the Royal Society of Chemistry, the RSE continued to run its Science Information Scheme which acts as a source of advice for MSPs. The RSE also participated in the Science in Parliament event in November which provided an opportunity to promote the scheme with examples of the types of brieng that can be made available to inform MSPs on topical subjects.

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

Annual Review 2005 2006

providing public benet through: supporting and enhancing excellence in the Scottish research base
BP Research Fellowships
This postdoctoral Fellowship scheme was set up in 1988 when British Petroleum most generously provided the Society with an endowment of 2 million. The 3-year Fellowships are for independent research in Scottish Higher Education Institutions. Since its inception, 28 Research Fellows have been appointed in the areas of Solid State Sciences, Information Technology, Geological Sciences and Chemistry, and have been based in most of the Scottish Universities. The majority of these researchers have gone on to gain appointments as Senior Academics in Universities throughout Scotland, the UK and worldwide, including, Sweden, Australia, Denmark and Germany. Others are now making valuable contributions to industry, again world-wide. The Fellowships scheme is on-going and in October 2005 Dr Sarah Hinchley commenced her Research Fellowship in the School of Chemistry at the University of Edinburgh.

Lloyds TSB Foundation for Scotland

Lloyds TSB Foundation for Scotland began funding research into the ageing population through the Society in 1999 and has since funded 23 academics researching aspects of the medical, psychological, sociological or economic consequences of ageing. Awards are made annually and all projects aim at improving the quality of life of the ageing population in Scotland. In November 2005 Lloyds TSB Foundation for Scotland entrusted a further 900,000 to the Society to continue the scheme over the next 3 years. Both organisations are committed to disseminating knowledge about the real benets of their research partnership and as part of this commitment, an afternoon workshop was held at the EICC as part of the Lloyds TSB Foundation for Scotland Annual Forum. This event was web cast from the Conference Centre and many people in the UK and throughout the world viewed the presentations live. The video is now available as an on-demand web cast and can be viewed at any time by clicking on the link on the RSE website at www.royalsoced.org.uk.

Scottish Executive Fellowships Review

In May 2005 a Steering Group was formed to review the Research Fellowships programme funded by the Scottish Executive and run by the RSE. The Steering Group was chaired by Sir John Enderby, CBE, FRS, President of the Institute of Physics, (pictured). The resulting report conrmed the success and value of the programme to date. The ndings were reported to RSE Council in September 2005 with the following recommendations in respect of the three year Personal Postdoctoral Research Fellowships: 1. they should be lengthened to a minimum of four years; 2. they should include Full Economic Costs; and 3. the number of awards made should be increased from three to at least six. The Steering Group also recommended that consideration should be given to the special needs of researchers in Arts and Humanities. Meantime, the existing programme continued and in 2005, three Personal Research Fellows and three Support Fellows were appointed from a large and impressive eld of applicants. Their research covers various aspects in the areas of physics, chemistry and computing science.

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

Annual Review 2005 2006

providing public benet through: supporting the commercialisation of research and innovation
Enterprise Fellowships
The Society currently runs 3 Enterprise Fellowship Schemes funded by Scottish Enterprise, PPARC and BBSRC. During the year, ten Scottish Enterprise Enterprise Fellowships and four BBSRC Enterprise Fellowships were awarded. The BBSRC scheme attracted an excellent number of applications for a new Fellowships programme and, following a rigorous selection process, the rst four BBSRC Enterprise Fellows took up post in October 2005. All of these Enterprise Fellowships aim to increase the commercialisation of academic research through technology transfer from the academic institution into a spin-out company. This activity helps create sustainable companies with high-value jobs and contributes to the economy in the long term.

Gannochy Award
The Gannochy Trust Innovation Award of the Royal Society of Edinburgh is Scotlands highest accolade for individual achievement in innovation. The award is presented annually to an innovator whose work has the potential to promote social and economic wellbeing. Established in partnership with The Gannochy Trust, the purpose of the award is to encourage people to pursue careers in elds of research which promote Scotlands inventiveness internationally, and to recognise outstanding individual achievement, which contributes to the common good of Scotland. The prestigious award also seeks to promote Scotlands research and development capability in new technologies and areas of social importance. In 2005 this award was presented to Mr John Harrison in recognition of the contribution he has made to the development of surfactant technologies and solutions. These unique chemical solutions clean oil mud waste, allowing the oil to be reused and leaving no waste products. The chemicals used also have cleaning applications in the printing industry. Mr Harrisons companies, Surfactant Solutions Ltd and Surfactant Technologies Ltd are based at Grangemouth.

Entrepreneurs Club
The RSE Entrepreneurs Club was established in January 2005 with the purpose of building a network of all past and current Enterprise Fellows. The club met in September 2005 at the RSE, when forty-ve Scottish Enterprise, PPARC and BBSRC Enterprise Fellows heard Professor Ian Underwood FRSE, Director of Strategic Marketing at MED Ltd and University of Edinburgh, talk about taking innovation from academia into a new spin-out company under the title of Out of the frying pan and into the re! A buffet supper and networking time were followed by Professor Underwood's lively and illustrated talk.

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

Annual Review 2005 2006

providing public benet through: communicating knowledge and understanding

Events
During the year the Events Team delivered a wide range of Lectures, Conferences and Workshops, including: a lecture by Professor Wendy Hall, CBE FREng entitled, Towards the Semantic Web: the Return of the Link, which discussed the missing links in todays Web environments and looked forward to a richly linked future as the Semantic Web evolves; an Environmental Choices lecture by Mr Richard Manning, Environmental Reporter on The Re-wilding: North Americas Great Plains; and a lecture by Professor Harry Burns, then Director of Public Health for Glasgow NHS Board, on the topical issue of the risks, benets and concerns surrounding the process of immunisation.

Wealth Creation
Held in November 2005, Wealth Creation was a wide-ranging conference in which delegates and members of the audience spoke freely and frankly. Supported by the Bank of Scotland, the one-day conference comprised informal presentations from individuals with breadth and experience in their respective elds. Chairman Professor Gavin McCrone concluded that although manufacturing had declined in recent years, there are success stories in Scotland and that our cities are proving attractive places to live and work, in world terms. The challenge, he said, was for us to improve infrastructure and skills base, create more globalised companies and to seize opportunities in new industries. There is also scope to build on the existing economic-development contribution of universities to attract and retain graduates engaged in innovation. A full report of the conference is available online at: www.royalsoced.org.uk or in hard copy from the RSE.

Caledonian Research Foundation Prize Lecture

The CRF Prize Lecture in the Humanities 2004 was awarded to Joan Bakewell CBE who addressed audiences at the Royal Museum, Edinburgh and in the Bute Hall, University of Glasgow on the theme Once There was a Golden Age. How We Judge Television: Then and Now. Joan Bakewells career spanned the so-called golden decades, and she examined what television was really like then, and why and how our perceptions of televisions values have shifted. The theme of the lecture continued as she paid visits to the Journalism Department in Stirling University where students held a mock press conference, and to the Film and Media Department of Glasgow University where she met and talked with students and staff.

Education inspiring young people

The Societys programme of educational activities for Young People continues to expand. The Christmas Lecture 2005 was given by Sue Black OBE FRSE at Elgin Academy, Moray on Forensic Anthropology: The Bare Bones. This years annual Discussion Forum for young people on the subject of Climate Change was held at St Andrews University. Proposals made by the students who took part were compiled into a report, which was published by the RSE and presented to key decision-makers. The report is available on line. A CD-Rom, including information and recordings from the event, resources for students and teachers and questions for debate in the classroom, was sent to schools throughout Scotland. Students were invited to send a summary of their proposals to the RSE. The results are being compiled into a follow-up report which will be widely distributed.
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R O YA L S O C I E T Y O F E D I N B U R G H

Annual Review 2005 2006

providing public benet through: promoting international awareness of Scottish research and innovation
Involvement in international events
The RSE was involved in several high-prole international events, including a joint event with the Academy of Sciences of the Czech Republic on Nanomedicines of the Future; a High-Tech Forum in Life Sciences, and a Micronanotechnologies workshop both with the National Science Council of Taiwan; the rst International Jade Dragon Seminar on Plant Conservation and Sustainable Development which was supported by the RSE, the Scottish Executive, the Kunming Institute of Botany and the Royal Botanic Garden Edinburgh; and, the China Forum held an evening reception in February 2006 for Chinese researchers in Scotland to encourage collaborations and raise awareness of the RSEs International Exchange Programme.

Programme of international exchanges, agreements and links with overseas academies

The success of the RSEs international programme continued during the year. New bilateral agreements were signed with the Academy of Sciences of the Czech Republic and the Hungarian Academy of Sciences. Informal agreements were signed with the Norwegian Academy of Science and Letters (Academy President, Professor Ole Didrik Lrum pictured left with RSE International Convenor, Professor Rona MacKie) and the Cuban Academy of Sciences in Havana. The programmes of international exchanges were well subscribed with a total of 53 exchanges taking place 26 on the Bilateral Programme run with China, Poland, Taiwan, the Czech Republic and Hungary and 27 on the Open Programme, with visits to and from countries with which the RSE does not have Bilateral agreements. These countries included Armenia, Argentina, Australia, Belgium, Bulgaria, Chile, Croatia, Denmark, France, Germany, Italy, Japan, Jordan, Latvia, The Netherlands, New Zealand, Russia, Slovakia, South Africa, Spain, Turkey, Ukraine, and USA.

Visit by the new European Commissioner for Science & Research

In May 2005, at the invitation of the RSEs International Committee, the new European v Commissioner for Science and Research, Janez Potocnik (left) visited the Society. The Society was v delighted that, in what was Commissioner Potocniks rst official visit to Scotland, he spent the day at the Society, meeting leading gures in the science, business, and university communities v and discussing the main issues of high level research in Scotland. Potocnik made a presentation on: Creation of knowledge Economy and Society in Scotland and Europe, which was followed by a discussion chaired by Sir David Edward KCMG, convener of the RSEs European Policy Forum.

European Policy Forum event on Language Learning and Teaching in Scotland

A conference was held in March 2006 to discuss the subject, Languages in Scotland: whats the problem? The event was attended by over 130 people, including policy-makers and inuencers, working linguists in the business community, academics and teachers. The RSE now proposes to collect the statistical data that is currently lacking in order to build an accurate picture of language teaching, language learning and language skills generally in Scotland.

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

Annual Review 2005 2006

providing public benet through: sustaining and utilising the expertise of its multidisciplinary Fellowship, and recognising outstanding achievement and excellence
Royal Medals
Royal Medals were presented by the RSE President, Sir Michael Atiyah, at a ceremony held in the Societys Rooms on Monday 3 July 2006, to, Sir David Jack CBE FRS FRSE (left), for his many innovative pharmaceutical drug discoveries, and to Professor Sir John Ball FRS FRSE (right), a world-leading mathematician in non linear analysis and mechanics, who is currently President of the International Mathematical Union. The Medallists were approved by the RSEs Patron, Her Majesty the Queen, upon the recommendation of the RSEs Council, in recognition of their outstanding intellectual endeavour, which has had a profound inuence on peoples lives world-wide. Prestigious gold medals, designed and produced in Scotland, were presented to the Medallists.

Triennial dinner
The Presidents principal guest at the Triennial Dinner held at the Playfair Library in June 2005 was Lord Oxburgh, KBE FRS, Chairman of the House of Lords Science and Technology Select Committee (pictured), who spoke about the highly topical issue of energy and climate change. During the evening Sir Laurence Hunter, the Societys immediate past Treasurer was presented with the Bicentenary Medal in recognition of his outstanding service to the Society. The Triennial Dinner was an occasion when achievements were recognised and also a time of forging and consolidating new links, with the future in mind. Prominent international guests included The Vice-President of The v National Natural Science Foundation of China, Jianguang Sun; Vclav Paces, President of the Academy of Sciences of the Czech Republic; Royal Irish Academy President, Jim Slevin. Also present were Dr Russell Leather, Chairman of the Gannochy Trust; and senior representatives of the Scottish Executive, Parliament, SHEFC, the Royal Academy of Engineering, the Royal Society of London, and other leading Scottish professional bodies.

Fellows Contribute Expertise

Fellows are invaluable in helping the Society to deliver public benet activities in partnership with its professional staff. The Society currently has 1315 Ordinary Fellows, 33 Corresponding Fellows and 71 Honorary Fellows. In March 2006, the RSE announced the election of 55 Ordinary, 4 Corresponding and 4 Honorary Fellows including: twice Pulitzer Prize-winner, Bernard Bailyn, (pictured); Nobel Prize-winner, Peter Doherty; the former Head of the Foreign & Commonwealth Office, Lord Kerr; and the former President of the Royal Society of London, Lord May of Oxford. This election was carried out by postal ballot.

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

Annual Review 2005 2006

Case Studies RSE International Exchanges provide public and personal benet

One of the main current functions of the International Committee of the RSE is to award short-term travel grants to enable Scottish researchers to establish links with colleagues in other countries with a view to a long lasting collaboration, perhaps through joint applications to appropriate grant giving bodies for longer term funds. Four reports of projects supported by the International Committee are described below. The rst from Professor Simmons and Dr Ritchie of Heriot-Watt describes the establishment of a longstanding collaboration with colleagues in Taiwan as a result of initial funding, and the remaining three describe collaborations at earlier stages in their evolution. Professor John Simmons FRSE and Mr James Ritchie, Heriot Watt University Institution visited: National Cheng Kung University, Taiwan Following the visit of Professor Simmons (pictured above right) and Mr Ritchie to work with Professor Jing-Jing Fang at the National Cheng Kung University, Taiwan in 2004 (pictured above left with his research group. Professor Fang has now received conrmation of support from the National Science Council of Taiwan to take forward a joint project concerned with computer assisted modelling of facial features for reconstructive surgery. Those involved agree that this exciting collaboration would not have been possible without the initial seed corn funding provided by the RSE.

Dr Michael Taliansky, Research Leader (Senior Principal Scientic Officer), Scottish Crop Research Institute
Institution visited: Institute of Plant Protection, Bet Dagan, Israel

The purpose of the visit was to establish collaboration between the Scottish Crop Research Institute and the Institute of Plant Protection (IPP), to investigate the role of a plant caspases in plant defence response, to use new equipment and technology developed at IPP for the delivery of genetic material into plant cells and to give lectures at IPP. During the visit the collaboration between the two laboratories on functions of plant caspases in plant-virus interactions was established with a productive exchange of constructive ideas. Dr Taliansky also learned new technology and used a special facility developed by the IPP team that allows the delivery of genetic material directly to plant cells. The collaboration will be continued on the ResistVir Coordination Action funded by EC under Framework Programme 6. Dr Taliansky has been invited to take part in the work of the subcommittee on the methods of non-conventional virus resistance led by the Israeli colleagues. Other grant proposals will be prepared when calls for potential joint funding will be announced by EU or INTAS-EU.

Case Studies

Scottish Based Host: Professor Patricia Connolly, Department of Bioengineering, University of Strathclyde Visitor: Dr Dorota Pijanowska, Institute of Biocybernetics & Biomedical Engineering, Polish Academy of Sciences, Warsaw Dr Pijanowska is developing lab-on-a-chip devices with biosensor components and Prof Connollys research group work in the area of point of care or non-invasive medical diagnostic devices, some of which are based around biosensor technology. The main aims of the visit were therefore the exchange of experience related to development of biosensors and their applications and discussion on possibilities of future cooperation in a eld of biosensors. Dr Pijanowska had the opportunity to work and spend time with members of Prof Connollys group and also had an opportunity to visit a research group from the University of Glasgow Bioelectronics Group. A seminar was also given by Dr Pijanowski during her visit entitled From biosensors to lab-on-a-chip devices. It is likely that some opportunity for collaboration will arise through EU funding or other such programmes in the near future.

Professor J. E. Wilkinson, Professor of Education, University of Glasgow Institution visited: Taipei Municipal University of Education, Taipei, Taiwan The main purpose of the visit was to undertake research on the current policy of the Taiwan Government in Early Childhood Education and its impact on services for families with young children in Taiwan. Professor Wilkinson was fortunate to have been granted a 1:1 interview with the Depute Minister (Mr Wu, Tsai-Shung) who is responsible for Early Childhood Education in Taiwan. Professor Wilkinson also visited a number of kindergartens in both the public and private sector and met with kindergarten principals, teachers and university professors. In addition, he taught a graduate class in Taipei Municipal University of Education on the subject of Ideology and Early Childhood Education. A number of keynote lectures in several universities were also given and Professor Wilkinson was the invited speaker at a Teacher Education Conference in Chi Nan University. Finally Professor Wilkinson was invited to spend three days in Hong Kong on an official visit of Taiwans Private Kindergarten Association. During this visit Professor Wilkinson made contact with several professors in the Hong Kong Institute of Education and was subsequently invited to read a paper at the rst Conference of the Asian Pacic Educational Research Association in Hong Kong in November 2006.

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

Annual Review 2005 2006

Financial Review

The nancial results for the year reect the successful management of the RSEs activities. The apparently much increased operational surplus arises from a fortuitous combination of several factors and key changes in the way the accounts require to be presented. The rst of these derives from the introduction of new accounting rules which require the consolidation of the RSEs accounts with the results of two connected charitable trusts the RSE Scotland Foundation and the BP Research Fellowships Trust. The results of these connected trusts are included under restricted funds in the income and expenditure statement. The second arises from changes to the policies for recognition of income. A further element of the restricted funds surplus of 293,000 relates to non-recurring items, the largest being the transfer from the Edinburgh Drug Absorption Foundation of its residual assets of 124,000 to support a series of conferences on Drugs Futures to

take place on a biennial basis. Income received for restricted purposes also includes 150,000 received in the year for future projects, this is now recognised and carried forward in a fund to meet the expenditure as it is incurred. The operating surplus on General and Designated funds under the control of the Council is a total of 107,000. This represents pleasing progress towards the long term aim of building the contribution from such activities to provide more nancial exibility and the ability to respond quickly to new initiatives for the benet of Scotland. The consolidated balance sheet shows that over 80% of the assets of the RSE relate to its premises and to investments held to provide income for restricted purposes, mainly in support of research.The other net assets provide the base from which the RSE seeks to provide and develop its activities.

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

Annual Review 2005 2006

Income and expenditure
General Fund Incoming resources from generated funds Incoming resources from charitable activities Total incoming resources Cost of generating funds Charitable activities Governance Total resources expended General fund Designated fund Restricted income Restricted funds Net incoming resources 700 230 930 (110) (664) (115) (889) 41 66 150 293 551 184 Designated funds 101 101 (3) (26) (6) (35) 1,921 1,921 (1,771) (1,771) Restricted income Restricted funds 538 232 770 (69) (384) (23) (477) 2006 total 1,339 2,383 3,722 (182) (2,845) (144) (3,171) 2005 total 1,130 2,618 3,748 (180) (3,236) (148) 3,564

Group balance sheet

General Fund Tangible xed assets Investments RSE Scotland Foundation- loan RSE Scotland Foundation- current account Current assets Deposits Cash Current liabilities Provisions for liabilities and charges Pension fund liability General fund Designated fund Restricted income Restricted funds Total net assets 142 (148) 58 188 303 (128) (120) 295 5,840 150 4,925 11,210 9,973 Designated funds 2,365 823 1,938 3 714 (3) Restricted income 35 655 (303) (237) Restricted funds 1,913 4,659 (1,938) 148 81 205 (143) 2006 total 4,278 5,624 177 1,762 303 (577) (237) (120) 2005 total 4,382 4,879 135 809 496 (364) (288) (76)

The gures above have been extracted from the audited accounts for the period ended 31 March 2006 which carried an unqualied 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 statement

We have examined the summarised nancial information which is prepared for the purpose of inclusion in the Societys annual review. The Council is responsible for the preparation of the nancial information. We have agreed to report on its consistency with annual accounts on which we reported on 4 September 2006.

Basis of opinion We have carried out the procedures we consider necessary to ascertain whether the summarised review is consistent with the annual accounts from which it has been prepared. Opinion In our opinion the nancial review is consistent with the annual accounts for the year ended 31 March 2006. HENDERSON LOGGIE, EDINBURGH, SEPTEMBER 2006
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R O YA L S O C I E T Y O F E D I N B U R G H

Annual Review 2005 2006

Income by source (000)
Own income Public sector bodies Scottish Executive Charitable trusts

731
Promotion of research & innovation

599 1,542 584

Investment income

Activities for generating income

Other charitable activities

Voluntary income (donations & grants)

Companies Individuals & legacies Fellows

35 55 176 0 200 400 600 800 1000 1200 1400 1600

Resources expended (000)

Cost of generating funds

182
Providing advice

333
Supporting research

1,118 677 479 206 32 144

Supporting innovation

Communicating knowledge

Promoting international awareness

Sustaining and utilising Fellowship

Governance

200

400

600

800

1000

1200

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

Annual Review 2005 2006

Corporate Governance & Management

Current Office Bearers: Council of The Royal Society of Edinburgh (RSE) President Vice-President Vice-President Vice-President General Secretary Treasurer Fellowship Secretary Sir Michael Atiyah, OM* Professor J R Coggins Professor J Mavor Professor J B I McDonald* Professor R G L McCrone, CB* Mr E Cunningham, CBE Professor A C Walker

Councillors Professor R E Asher Mr E Brown, CBE Professor T S Durrani Professor R M MacKie, CBE Ms A L A S MacPherson*

Executive Board General Secretary Treasurer Curator Research Awards Convener International Convener Programme Convener Young Peoples Programme Convener Chief Executive Director of Finance Professor R G L McCrone, CB* Mr E Cunningham, CBE Professor J Howie, CBE* Professor P H Holmes* Professor R M Mackie, CBE Professor D S Ingram, OBE* Professor M J Padgett* Dr William Duncan Kate Ellis

* Denotes Office Bearers elected in October 2005.

The Society is registered in Scotland as Scottish Charity No. SC0000470 Inland Revenue Claim Board Reference CR 18102

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 enables it to draw from and link with a broad spectrum of expertise to advance the understanding of globally important issues. In fullling 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.

Royal Society of Edinburgh

Scottish Charity No. SC000470 ISSN 1742-1810

The

The Royal Society of Edinburgh 22 26 George Street, Edinburgh EH2 2PQ T F E W 0131 240 5000 0131 240 5024 rse@royalsoced.org.uk www.royalsoced.org.uk