Royal Commission for the Exhibition of 1851 Annual Report and Accounts For the year ended 31 December 2022 CC)Mhi} The Aims ofthe Royal Commission The 1851 Royal Commission's governing document is its .Supplemental C,harter nf 1851, which requires the C.ommi.48inn to 'inGrease the meaFts of iiidilstrial editcatiun ajid exteiid the inllueiice of scieilce and art Mpon Productive indMstiy- This was origFinally interpreted a5 a rcquirement to create a centre uf intellectual excellence, which resiilted in the acquisition OE the South Kensington estate and its subsequent development with M￿getsM$, academic e%tahli8hment.q and a Central Hall of Ai'ts and Sciences (the Royal Albei't Hall). Later, in 1890, the emphagis was switched tn the support of individuals, %tarting with the award of Scieiice ResearLh Scholarships from 1891. Today the Commission njns its own schcmes for: Research Fellowships Industrial Trelluwships Industrial Design Studentships Built F.nvirnnment Fellowships l.ellowships in Desigii En partnership with others it supports: Enterprise Fellowships Ir also supports worthy individuals and appropriate orbyanisarions by Special Awards. The total number of iwjdividuals l)eing sllppnrted in 2022 was 137 Re£i5tered Charity Nu. 206123 Contents Chairman's Report Secretary's Report The Work of the 1851 Royal Commission Public Benefit Grant-making Policies Achievements in 2022 7-12 Future Plans 13 Awards Granted in 2022 14-22 Awards Completed in 2022 23-38 Alumni Awards, Honours and Achievements 39-42 Report by the Chairman of the finance Committee 43-46 Statement of Commissioners, Responsibilities 46 Independent Auditor'5 Report 47-49 Statement of Financial Activities 50 BalanLe.5heet 51 Cash Flow Statement 52 Notes to the Financial Statements 53-71 Administrative InEormation 72-73 Commissioners, Committcc Membcr8 and Staff 74~76 Professional Advisers 77 Chairman's Report Une cannvt beLFin to iomment on any activities uIide¥taken in 2D22 witliour first acknowledging the llnivers21 sadness and feeling of loss experienced by the entire nation upon the death of Her Majesty Queen Elizabeth11 on the 8,Septcmhcr. The impact ofThe Queen's pa5sinE was immense and the response frutn across the United Kingdom and beyond felt both person21 yet shared on a national and intcrnational scale as we all rcllc'ctcd ()n thc quict but %icadfa%t dc,diLation to scrvicc and ILadc'r%hip Her Majesty had shown within and outwith this Country for well over three quartcr.g of a century. The Royal Commission for the Exhibition of 1851 has been hugFely privileged to have enjoyed the generO￿S support of rhe Royal Fatnily sirjcc it5 cr¢atii)n and whilst thc late Queen had n(Tr fnrtnal rolc witli tlie Lommission, she nevertliLless ¥raciollsly paid an interest in our aitivities aiid kindly offered enLI)uragement and assistance whenever it was requesred. A slow but full re-emergence froni the con5traintS itnposed by the global pandcmic has bceii scen during 2022. Thc Rc)yal C.()TnmiN8ian tonlc the decision to re-establi%h the live event.% that ()ur Fellows and wider cofflinunity value sa much at an early stage and thus has enjoyed 2 cnmplete c21endar cycle of funLtiuns and evenings allowing our award holders co share and exchange their work and experiences. This was starred at the end uf March itl Fishtnon¥crs' Hall with the atrcndance of ur lTrrcsidcnt Her Rnyal Highnc5s The Princess Royal at the biannual President's Dinner. During the event Her Royal klighness saw examples OE work Erom across rhe Cominission's research and education programmes and spoke to a number of current Fellows about their work and its potential impact as well as spending time with the wider 1851 comtnunsty. Her Rnyal Highness al.%0 appointed three new Ruyal Comiiiissioners to the Board of Management, the theoretical physicist, uthor and broadcaster Professor Jim Al-Khalili, the renowned biomedical engineer Professor Eleanor Stride and myself. I was delighted that we were also able ro reinstare our annual Aliimni Science Evening in new venue, thc Dyson building at Impcrial Cmllcgt Londoii. Altnost a huiidred of u.fj enjoyed pre5entation5 from Drs'Ie5sa YounbF and Christuph SLhnedermann and Mr Rubert Ruuse and Ms Maral Bayaraa ()n subjects ranging from "characterizing the cobalc delivery pathway fol Vitamin B12" to'machine learning approache8 to asscssing futurc flood ri.sk" Thc kcynotc addrcs.% was given by l)rofessoi' Damc Carol Rr)binson, Royal conimi55ioiicr 2nd chair Id¢signat¢l of the 5cTr¢nc¢ and F,ngineerÈng Fellowship Committee, who shared highlights of both her early career experiences as well as the current focus of her work at the Kavli Inscitute. The wcekcnd nf 18 and 19 June fftund the 1851-der tenr providing the centrepiece for the Great Exhibition Road Festival. Volunteers from our programmes shared elements of their research and set Out the Commission's funLtiuii and hi5tury to sotne of the 40,000 vi5itor5 that catnc to experience examplcs of the divcrse wnrk and heritage nf the instituti()n.%- hi￿ and small- that reside in Alb¢rtapoli5. That sanie weekend the Royal Commission also hosted the seventh recording of "The Engineers" ar the Science Museuni, entitled "Tlie buture of Cai5' A Lullaborative, annual project, involving the BBC World Servicc Saw th¢ BBC, pre%enter Kevin Fong Lncouraging a panel of thrce distinguisheil enKineLrs from very diffci'cnt 2rcas of the automotive envii'onment to share their personal journeys and experiences. There was a150 discussion uf future opportunities and developments For the car rants ro rhe Natural Histvry Musvutn's Urban Nature piojeLt and the Royal Horticultliral Society's Plants for Purpose programme. Our commitment to STEM based careers and educatioii for young people remains unditninished wirh ongoir)g grants being awarded to thc F.ducati()n and Trainiiigi Fouiidation for tlie 1851 Technical TeachinbF Trellow5hips and ST'EM Learningj as well as An award ro the Well Nnvth Enterpriseg "Skill.s City" projeer. The Commission has also re-affirmed its i'¢sponsibilities towards the development of rhe design disciplinc and cotnmunity with a special award to enable the Association uf Royal Designers foi Industry to hold summer schools in 2023 and 2024. Reflecting upon tlie Ruyal Ci?mmission's aLriviry during> the last year, l am vei'y consLious the work undertakLll 2nd thL supp(>rc offered would n()t bL possible without thc ¥LnLf05ity of vur LommittLL m¥inbers and my fclluw Commissioii¢rs and tlie LlediLation of our small permanent Staff. I want to take this opportunity tu expre55 my p¢rsonal thanks 2nd 2ppreLiation for all of their effLiris over the past 12 months. It has been a year of snme niajor changes in the people who make up our organisation. Having thoroLighly modernised the suppnrt structiirt of the executive and safely maintained our operations through tlie Lhallcngcs of two years of COVID restrictions, and after eleven years of dedicated service as thc Secretary, Captain Nigel Willianis retired fr(Trtn th¢ Commission in May. This was shortly followed by Professor Dame Kay Davies who stepped dnwn as a Royal Commissioner at the end of her ten-year terin of offi¢e on the Iloard of Management. Kay was a hugcly dEStingui5hcd and very active Inember of the 1851 Eamily and chaired the Science aiid Engineeringi Fellowsliip Comniittee duEing the latter part of her tenure. Finally> the end af the year saw che Chairman of the Board of Mai)agement and Ruyal Commis5ioiI, Mr Bernard Tayloi., take his leave. Alth()ugh Bernard hirn5elf made modcst rcfLrLnce ti) this in his 2021 report, it is imPL)rtant to aLknoWledg￿e agyain his iniredible commitment to and championship of both the R()yal Commission and rhe wider Albertopoli5 coininllnity> ovei. the past 17 ycars. I￿1￿&t as Chairman of the Trinancc Committee 2nd then as Chairman ()f thc Board ()f Managenient, his energy and passion for his duties and stewardship of the cultt]r21 district of South Ken.singt()n has been tremendous. Amongst his many achievcTncnts has been the re-cnergising of thc 1851 group? the development of the Cyreat Exhibition Road Festival, and The F.ngineer8 8ucce£sflll collaborarion with the BIIC. He has alsu been the driving Eorce behind the Conimission's support to a nun)her of c#pit21 prnjects ar horh ends of the est1( te that havc r¢sultcd in an 1851 Place by tlie Jloyal Albert14all, an 1851 Courtyard within the Royal College of Music 2nd ali 1851 G￿1rden that will l)e iiicorporated within the Natural History Museuni's i)ew landscaping. It was thLfLf()rL m()sr fitting that upon hi% rLtiremLnr fr()m thL B02rd of ManagemeT)t hL was prLsentLd with the 1851 Iloyal Coiiiniissioii Med21 by Her Royal l.qighness who attended tlie farewell dinner given in his h()n()ur. We were also delighted tliat liis cxeinplary service w25 also recognised by tlie award ofC,ommanderofthe Royal VictoriJn Order ICVOI in His Majesty's Ncw Year'sHonours List. As I take ovei. the role of C,hairman of Ihe Board ()f Management. l am extremely consciuus of rhe legyacy of my di5tjllbillished predece550rs all the way back to our founding l)rcsident, Prince Albert. Since its. inLeption the 1851 Royal Commission has been committed to his vision a vision that remains crucially alibFned to the aspirations uf fflodcrii Britain and our continued ambition tn be one of the world's most innavative and productive tL()ni)mies. Like tny forebear5,1 r¢LUbinise that uur Lontribution tu meeting thi5 challenge is to maintain, and where practical, improve our education and research progratnmcs, conrinlle support for STEM piojects and interventions for young p¢ople whilst retaining active srewardship of thL Albertnpolis estate. I look forward tu workingi with my Fellow Commissioners, committee colleagues, 1851 Fellows aiid aliimni to deliver this ambition over the coming years. The Rr Hon Profcssor l.ord Kakkar KBE PC Fmedsci Secretary's Report l Lonsider it a gi'eat honour to have been given tlic privilege of holding the post of Secretary of the Royal Commission f(Ir the Exhibition Df 1851 in sllcces5ion to Nigel Williains. Rcplacins someone who has rnastered his role sn completely, is widely known and rcspcLtLd, and has heen extren)ely impaLtful duriiig his tenure is challenging enough, but when combined with the Commission's compelling storyy Its tremendous achievements and its inspiratiunal people, the future looks cxtrcmely dauntingl Having expei'ienced most nf an annual cycle of events15till, in tnoments of refl¢Ltii)n, wonder at tlie br¢adth of 2Ltivity th¥ Commission undertakLS and the qUiLt influenLe it wields. Through its research and educatiun Fellowship probirammes it provides hugely talentcd early career engineers, scienrists and designers the npportunity to undertalce innovative and vitally important work across che widest Possible gamut of disciplines. It provides much needed support to the sharing OF best practice teachiilgi methods in the s￿ondarY and further educatioii eiivironnicnt through its lechnic21 Teaching Fellowships and.4till has the resources to assist a number of STEM education projects. All overseen or as5iSted by a hijgely dedicated and COTnmitted group of Royal cnmmis8ioiiers and cotnmittee members and delivered through a very small but utterly devotcd and extremely industrioug executive team thL latter liaving also had to cupe with the SIL￿nifiCant additional burden of settling in a new Secretary. I have become an easily triggered, and nverly verbose enthusiastl Ic has also been an ¢normous pleasure to have been introduced to the othcr element tsf the Cominission's legacy- the great cultural estate of Albertopolis. Es'tablishing new rtlati(Trnships and working with thc institutions that occiipy South Kensingti)n has heen made very easy by the welcoming and Lollcgiate approach extended to me by all, and that experiencc has l)een mirrored within the widcr L(Trmmunity of the Exhibition Road Cultural Group and the Kiiight5bridgFe Neighbourhood Forum. l am very consCiOU% that my journey with the Royal Commission has just started. my familiarity with our charitable activities and local re8ponsibilities is growing with the help of much valued colleague5 and I look Eorward to what we might achieve together iii 2023. Jnhn Lavery MVO The Work of the 1851 Royal Commission I'he Commission's aitll i5 tu'make a differeiiie, by providing educational fcllowsliips and tudent8hips to the very besr early career sLientists, engineers and designers. Success is hard to measure wichin thc confincs nf a single ycar hut Innked at over the longer term the Con)mission's achievement Is cvideiit, with 13 Nobel l)ri£e wiiiners and over 150 Fcllow5 of the Iloyal Socicty atnong it% previous award winners. The case studies of completing f¢lluws and summaries of alllmni achievemenrs later in this report als1) bear witness tn the C,ommissian's success. In addition to its core fellowship schemes, rhe Cotntnissiun also provides Special awards to its lebyacy institutioiis, to other organisations working to encoura¥c STF.M Isciciicc, technologyy engineering and mathematlLs1 education and to OLg3lll5atiuths that Can help faLilitate aLLe55 to Trts incredible archives. Details of 50mL Of thLse awards and the impact they hllve mllde can also be fouiid later in this Teport. A8 well as the granrs that it mal training and ¥rant fundinLN will eiiable reLipieiits to pursue comnieLLialisation of their technological idca.%. Originally three fellowships a year werc available, but this has now been increased to six. Special Awards: AlthoLigh the educational programmes descrihed above represent the linn's share of it5 grant givinL) the Comjnission also responds to all those requesrs for funding that conimend themselves through the SpeLial Awards procedure. Here the aim is ru assisr worrliy individuals, orgaiiisarions nr projects whose aims in the broadest seiise align to the Commission's, and all applicatinn5 are arefully scrutini5ed at apprnpriate level according to the amount of %upport rcqu¢sted. CJrat]ts rang*e from a Eew hundred poui)ds to over a hundred thousand pounds. While Cummissioners rerain con.siderablc flexibility in principlc, in praLticc a Tnajority of spccial award.s arc made cithcr to KtlStitutions on the Ci)tntnission's legacy estate or for educational Dutreach work by lik¢- minded orbianisations seekingF to draw the attention of the young tu the oppvrtunities presented by science, engineering and design. A small nUTnbcr of grants are also made to facilitate access to the Commission s archives. In addition to the aboye schemes, the Commission also administers, in conjunction with the Sir Mislia BlaLk Awaid5 Lumniitt¢e, twu awards in rhe field uf desigin eduLati()n. fur whi¢li numinations are sought each year. Full derails are available on rhe Commission's website but in brief thege are: Sii. Misha Black Medalfur Distin&iE4ished Services to Desi&￿￿ Edz¢caiio Global in reach, the Medal ackiiowledges the important COntrib￿tiOn 0£ iiidividuals to the teaching i)f desigTrn at all levels, from anywhere in rhe world- 25 desigrners, as champi()ns, as ment()r% and as educators. Sir Misba Black Awards foi. Iniiovation in Design Education Salute5 educators frutn aLruss the Uthited Kingdom and Lelebrates the innovative achievemeiits of institutions and individual8. Recipient8 may receive a bui'sary of £10,000 to advancc their worl< in innovative design education. Together the Sir Misha Black Medal and Awards recognise those who by innovation, vision and contribution to theory or practice have measurably improved the educatlon of desisner5 and enhanced tlie profile of design eduLation. Achleveinents in 2022 The cote activity- and primary achieveinent- OE the Commission 15 identifyinLT eai.ly career science and engineering graduates of exceptkunal prumise and supporting their work with its presrigiuus fellowships aiid studentships. Full details (If the awards made during thc ycar are given on pages 14 tu 22. The true impact of the CDmmission'5 award holders will only cmcrg¢ ovcr titne, but some evidence of thc success OF the variuus programmes can be gleaned from the achievefflcnts of thosc bcllows wh() L()mpleted their awards during the year 2nd the positions they go on to secure. A repre%entative Sample of case studies is provided on pages 2.3 to 38. Many completing Fellows comment quite explicitly on the importance of their Fellowship to their SUCC¢SS: I'd just like to thank evcryonc ttt the Commission [ortheirsHPPOI'tover the coirfrse ofmy PhD, attdfnr Providing pne with oppnrttinities that l iiever thought I'd have. T17e Industrial Fellnwsbip really bas banged the coitrse (Jf iiiy lifellnd careerfor tbe better. Dr Adam McKenzie, Industrial Fellow 2018 The lrtdt¢strial Felln$vship hds hada sulystuntial impact oil My PbD 47ttd Data,SGience career. Firstly, the &N*nL)ro£¢.f firfiiding afforded me ali extra day to speiyd oil #iy PbD each week, ftllowing nie to sPeFzd more time Lrn niy reseai'ch. It's unlikely thai I would have fillisbL,d in tllll8 Wltl7out this fil￿dilIg. Th¢ trhvel budget bas also allowed #te to visitseveral iiiterndtioiial coiiferences47nd coiitiiiue to grow my scientific netwoi.k. Tlye fello£vshiP17as driven nie to tljink harder abotst the Éiidt4Strial applications olniy research. J believe niy I'hD hos been more imP¢7cÈfulas a result u[this focms, in a￿deMica￿d industrial terms. I have been PYotnotLdtwice dHriii&ymy tinieas47n Industrial Fellow aiidam notV47 Lead Data Scientist. My Pl?D belpednie tn develop a iinique skillsel as a scientist, which is itnportaiitfnythnseptfrsuing lechnical careei. Paths. l ofteii Preseiit at extei'iial conlereiices, write iboiight leadgrship Pieces and Present to Polcntiul Fz¢JW clicAts. ttktd I f6¥1 thdt my affilitstton with the felloiiJsbiP has ljelpcd with my ¢redibiltty iii dll nf tljese. Dr Adam Hornsby) Industrial Fellow 2018 'rhe l 851 Industrial Fellowsbip aiid (he endorsement by the Royul CoKimission are a formidable combiiiation tbat will uiidoubtedly pave the way fur numervus Jpportunities in my future career. With th6's¢' ac¢oladvs, l &J?7 coiifideiit tbut l eayt tlldke sixitific&iit L()i?tributioFis tf) research aitd developmext i)t the UIC, ftirtheriiig my aim to advance scierttific and techiiulugicul ixpiovati()n. Dr F,uan Rodgers, Industrial Fellow 2020 I'd Itke to express My deepestgyatitiide to the 1851 Royal Commissioir fjorprovidixg me with upiwavering sMPPort over the lepigth of my felloivship. I bave bighly valued the IreeJoiii that tlye ommission ljas Pennitted lor 771)I rgsearch, fin471ces, dnd confei'ence tiavel. As l QPPi'()ach the end ol th¢. fc.11()IvshiiJ, l Lait b()iiestly soy that Idm satisfied with I havL, bLIL)n ablL) tv achiev¢ ond h4ve eiijoyed the time Profusely. Dr Tim Haslcett, Research Fellow 2018 J hdve tljoroughly enjoyed my time as ali 1851 research fellowfindam very &ryaleliil tv tbe Royal Coniniissioii foi'giving me the iiydcpeiidence, stabilily aitd ()PP()rtiiitities to jllllfp-start niy scientific reer. Dr Luke Rhodes, Research Fellow 2019 It ljas been a i'ealprivilege to have beeii an 1851 fellotu tbese pasi Élyree years. The fiindingfrom tbe Co￿l￿giSsIO1/ has cnabled me t() Ptirsiie excitiizgand iniinvative I'esearcb dii'ecÈi(Ins tlJaÈ wnuld lint othgriuise houe been Possible, and l looking forivard to buildiiig oil these neiv discoveries in the Imturel Siiicere thanks to y0£4 and all of those at the 1851 for making this Possible. J look forward to keepiiig in touch os L7 member of the alutn?¥i community. Dr'lcssa Young> Re5e2rch Fellow 2019 Sincegradmatiiigfrom the Jiznovation Design Fngineeriiig Prograni, I havefouiided my ()wig start- up, BLOOI) (getbli)uP.cuJ, which has been accepted to the Techstars Filgcoiil class o[2022. We recLJnily launcbed oiir Private ali)bd fiILd fi Prr)visitsNnlpdtL)Itt lor its lecbni)Ingy. l noiv liindiaisiiig fni. iiiy first rnHnd f)tstside of Tecbstars ¢7nd Protocnl I,abs, a i?rniniiient f)rAJanization irt this sptsce, bus comiiiitted S250k. I've also bad thegood forturte ofpresentins iny work ut places like FQSDEM '22 (Pree Open Source DL'yclopers Mee¢in&'), Diveb CaKtP 2022, Diveb Berlin Oct 2022, aiideÈhDeiiver202.3. The Royal Cnmmissinn's geiierot4s support helped iitake tbis happeii, as y stait-up is extgitsivn ofmy Niaster's thesis. I will remdiFz forevergratefulfor the sMÈPort of this ()rgaiiizdtioii diid community. Joy Zhang) IndustrA21 Design Student 2020 For some, it is clear that without the award From the Commission, their project would not have gone ahcad or would have been niuch 11)ore liniitcd in scope: Without the SMPPoi't olthe Rnyul C(Inintission, it wi)uld rtnt l?ave beeitpnssible to Miidertake this Projecl. Tlye uPPurÉunity to study at Oxford University has accelerated my careerprogression iiiiiiteizsely iuilhout the findnLial burdeii of IEayingfull time ¢ngplo)Inzciit. Workiii8¥ WlthiK d ivorld Igading iKstitutioii17aS Ilot oiily impioygd Fny dcodÉp77ic kxotulgdge skillset btstgraxted me introduilions lo medicalprofessionuls coll¥ibor¢7tix&F ivith the uKiversily> offering pne unique imsighis aiid oppnrtiiiiities witbiii the mediculdevice sector. This has enabled me to grow myprvfessivrtal network iii spite of various obstL7cles duri)Ig ntygrodHate stmdies. Jonathan Vince, Industrial Fellow 2018 Without the Royal Commissio17 s suppui't, ucqtsirin&N ¢be highest qiiality Chemica1reage￿Ès, equipment and ailalytical t(J()Is (which were essentidlfor its meetiitg ouy Proposed I'csearch goals) Ivould bavc Presetzted an L7dditioMalfiNancial hurdle that ivovld bdve ultimdtely limited tbe scDPe dnd impact of the work tbot we were to accumplisb over the cuur5e uf my Dl)bjl. Dr Tatiana Rogova, Industrial Fellow 2019 The liidiistri141 Fell()ws17il?. effectively) turbc)chL7rged my research, takiiig a Pioj¥ct (l￿tI$￿e that IKY supetvisors described os beiiig very ambitioiis for d single PhD frrujectand making it attaiiiL7ble. To bighlighi justsoille of the impact. Iny FelloiLJshiP funding gave nte the resoiirces to run tbousa7zds of siNiulatiopis, take in expertise froin acadenii(7 industiy, and develop a fargreater iinderstL7ndiiig ufboiv to creat* tsctiuiiuble inlelligeiice iuitb commercial and nitsrket releVa￿ce. Without the Fellnwship. the Project zuould still have gi)Ize fjhead, hoivev*r, it ivould have been tbe lesserfor itand tbe scope iuomld bave Fteeded tf) be limited. Dr R()b¢rt Rouse, Industrial Trelluw 2019 Thaiiks to the 1851 Industrial liellotvship, I was able to take my Project to the next level by dLcgssitTg dditional capital. This boi)st IN fundiiyg ciiabledfflo. to expaiid $6ope uf the Project beyoiid my it7iti&l visioii and c7chieve a signtficant ledp Ir)rward lor the technology. Withozit this stllil?()rt, SE4ch proAv'ess woiild iiut have been Pussible, und l rtm gratelul lo?. the oPPortU17ity to accelerate ￿tY iuork and deliyer tangible results. Dr Euan Rodger5, Industrial Fellow 2020 MaDy Fcllow5 comment on the importance OE the nenvorking cvcnts the C,ommis5ion organises and the exploration uf new avenues to which they lead.. As well as the mHltiple Loiifeyences l atteiided throughout iiiy PhD, l attended many l 851 events dutvn in Lundun. 7.hese eyeiits Iijere witl?out doubt one olthe hi&yhlights of my IJhD and I loved c(Jmiiig dnwii to heurahout tl3e ex¢elleKt r¢'s¢'artb Pei)ple were dniit¥ arnE4itd the UK. Hnivever, tbe clearstaiidoiit for nle was the oPPorÈuiiity to Pyeseiit illy ivork to HRH at the Iitnst receirt Presidenti¢71 Diniter irt 2022. This was a real boiiour something I will remember for the l'est olmy life. While these coiiference and 1851 events were &1reatfv7Z, they alsu lJr()vided aiz excellertt uPPor£urtity for nie to develop p71y sDlÈskills in no doubt tbese experiences willstaiid me in good stead¥oigi¥furivard in ￿tY career. Dr Euan Ward, Industrial Fellow 2018 As ali early career scieiitist, access to 118twoYkirtg Qpportuiiities witlyipi the 18.Fl (nrn￿1￿￿1ty ljas also beem ivvaluable both ds u Nieans to connect tvitly like-minded iiidividHals andas a source o inspiratinn thrc)iigb iiiteractioits with its ma17y highly distiiisyiiisbed meF7tbers. Dr Beli Barnes, Industrial Fellow 2018 One of the niost ertjo)iable aspects of the Fellowship was meeting others iuithin the UK'S scientific milieu. Each cjvening I sP¥iit IFZ the COFiiPaFI)i ofpeers at various stages of tljeir cureers was filled witlj coiiveisatioiis wbic17 Ivcrg inLJariohly stilltula¢i￿g￿lld inspiring, It is an enduring regr¢t thd¢ the coronavirus pa)IdeNtEC tn4de these a rare ti'eut. Dr Jac1< Sutro, Industrial Fellow 2019 Beiizg Pal't of the 1851 iietwJi'k has beeli a ¥ame-Ghaiiger lur my et7rly-st&&Fe rese&i'cb career. The iii-person events have providedan invaludble nppnrtHitity tn connect Ivith like-nziitded illdividkals, ijicludiiTgfellow owdrdees and almmni, aKd17ave opened doors to newavenues of ivork beyoNd txy d()ct(Jralpruject. Tbe Presenlalions delivered471 ihese ¢ve17ts have been (Ifexceptiupial qmality. enabliKg mc to stay abreast of the lates¢ devL,10p￿zerttS ix diversefields. Ovwall, the 18.51 AL,tiuork ljas becn o significant boost to Illyprolessional growtb. and l atii w'atelul loi. the oPPortMnity to be Payt ofsucb a dynamic commiinity. Dr Euan Rodgers, Indtsstrial Fellow 2020 I've recently been discussiiiga collaboratlf)11 Wltb Jim Al-Khalili fiiid Jobnjoe M¢Fadden on Itnderstanding the role of yibratiopis iii photosynthetic Gotjtplexes, wljiclj lyas Lonie directly oiit ofa conversativii with Jim about my Poster at the 1851 Pi'esidential dinner in March 2022. Dr Su5annah Ilourne-worstcr, Research Fellow 201 8 It is gratifyii)g that Felltsws often comment on the ea.se of administration and quality of comniunication with the Cummission.. luppreciated tbe very light bureaucratic tnuch nf t17e Commissioii. which to me was truly indicatiye Èbat it was 'by scientisÈs, forscigRtIsÈs'. Dr Jack Sutro, Industrial Fellow 2019 A sentiment echoed by Iiidustrial and Academic Supervisors: The e[fici*iit and li&ibt_touch bui'eatscracy Ivas inost refreshiiig allDwingallparties to lociis on the science. l)rofessor Jonathan Burtoii, Academic Supervisor "113e SG13eme is veiy well run and the lack ofconiplication in the application pr(Icess uptd the Provisit)?t ofliinding etc Makes it very attractive. Dr David Greig) Industrial Supervisor Academic and Industrial Supervisor$ are also very complimentary about tlie Commission's Industrial elluwships more generally: The 18.51117dHstriul Fellotvsbip IS truly wonderliil, not just En enalJliFtg Els to distribute nlir limited 117I171CL'S IltJre broadly, but bc)cause il fvsteis ?'gl£itionshiPs betweeii thi. Cul￿pa11Y l¥adin&' I'esearcbers, enables bl'ight young scientists/ciigNiNeers to realise their dream. and by invesling in the stifdertt tijbile they continue tn tunrk in tlye L(i¥JtPdiiy aids retextinp£. Sir Mike Bradyy Indllstrial Supervisor I woiild most defiKit¢ly re¢omnie)7d the 112dus¢i'ial FellowslgEP lo otl?er corvPa7zies. Beiiig associated iuitb the Ind£4Strial FLII()wgbip certdinly incyedses ilye prestige o[tbe project ¢711d really lJri)vides excelleiit reLogKi£ioN lo?. the stHdEitt aiid the &cadeiMicgrnHP, I really caiinot stress tbis enougb. Also, there is minimlll bureamciacy associated with the liidustrifil Trellowship andoll contact witb the Conimission was very clear. sMcGinctdnd much appreciated. Dr AdTian Hall, Industrial Supervisor I would siiiccrEly recommend the Industrial Fellowship scheme to other comPortleS, 45 the trgtiiendoirfs supporl amdsocial netwr)rk that r¥sults Irom Participation in this PrugTamme is ofgreat benefit to the compaiiy) the acLgdemic iitstilute aKdsLiextific advaKceFneiit os a ivhole. Dr Th(Imas Clohessy* Industrial Supervi50r The IKdz¢slrial liellowship schgJ17e of the Roytsl Copnmission for the Exhibition o[1851 is Iruly unique in the UK I woi¢ldYecoinmepzd it iubole hL)artedly t() iiiy c()IlL￿clE￿I1e$. T13L' r¢sut4rces aLJuilable to the Project allowing us to buy bespoke equipmeiitand the expeiisive chemicals netessdry to carry out the work wei'e invaluable in allowiFig the exploraiion, discoveryand ultimately d¢v¢.IvpttEeiit u[th6J cort¢¢'Ptiiully Iteiv aitd brvddly upplicuble *2¥tb()dvlo¥y. The Industrial belloivship is uJ7iqiie. simple strmctmre, respoiisive to individualproject needs, and Anyschojnici tlgdtpiits tbc, s¢ien¢e froitt aiid ¢exti'e is a great oiie, and loiig may it iontlllfle. l)rof¢ssor Darren Dixon, Academic Supervisor The contact niade iuith the spoiisoi'iiig comparry through the Iitdmstrial Fellozuship has strertgtbened y ties Iuith indirfslry aiid iaised the Profile ufJ?iy rgsgarch groiip's chei?iistr)i a17d my research gyroup in ali iiidiistrial seit117g. giving not only Addedfi£¢ure benefits for nie as u Pl butfor thefutmre careers olmy co-woykei's. Professor Jonathan Burton, Academic Supervisor A more complete picture of the impact of the Lommission's 2wards comes from the honours and awards bestawed on more senior alumni- some highlights are given on pages 39- 42. Many uf our alumni tell llg that tlieir Fellowsliip has made a deLisive- and lasting- differenLe t(Tr thLir career: My 1851 Felluwship laid ihe louiidation for my Guri'eiit ¢areei' as d Priiicipal Jnvesti8Futvrat the Uitiversity of EdiFibMrgh. My research [oLuses fat t7ccu￿11¢1aÈIQl¥ witlyiit our boile matrotv aizd hntv this influences hedlth aiid disease, iiicliidiNg coitdiÉioNs suclj as diabetes, osteopoi'osis aFyJ immune fHnc£i017. I never ivviild hdye embarligd tbis are¢7 had it iiot been fur the siipport of INY 1851 Fellr)wslyip.' it allowed iiie to Pz4rsiie pnstdoctntdl reseui'cb ut the Uiiiueisity nf MiclJiKan, where I £uas firsl inlroduced to ihe lopic o[boi?e mairow ddiposity. My researcb in this f¥eld coiiti1114es to go iuell, as rcflttcled by tt7y Proiiiutiun lu 3enior Leclmrer in Au¥Hsi 2022. In addifiun fu Fny research iiiterests, 11947ve also taken an active I'ole IFI science Poliry llitd Co￿1￿1(￿1(￿¢1OI1, with A foctss oit Opeii Research. In 20211 tvus uppoiiited tlye Uiiiveisity o(Ediiiburgb OPeM Science Anibassador for LP,'R U (The LLAugMe o[fr.'iii'oPelln JlcJscJarch UiiivL'rsilies). My efl(Irts ipi tljis rc)le zvere r¥cf)gFiiised ut ihe Uiiiversity o[Ediiibiirgl? s inougurtsl "Good Researcb Pia¢ti¢e Awards, i&£ NoveFltber 2Q22, where I was awftrded ¢be "Open Regeorcb Award" Despite Inany challenges, I very much eitjoy toiitinuing io to P14rsue the researclj that first beRaii with niy l 851 Fellowship, I reinain uerygratelulfor the support this Provided. Dr Will Cawthorn. Research Fellow 2009 The aiuard olthe 1851 Research Fellaivsbip was I'eally a Pivotal moment for My career. It ivas my first ofrPort14111ty ti) utzderlake full-tiiffe Postdnctoral research. The indepertdent lines nf resedrch that l established dHrirtg n7y lellowsljip ure bcarin&' Iruit irt ternis ulmy acndemic appointment, research fuiidin&N and ()ulPUts, but it all sttlTted ivith my 1851 award. Dr Beth Mortim¢r, Rc5carch Fellow 2016 Tbe liidiistriol Pellowsbip redllygave the confidence to step Omtside olmy Priinary discipliite (cb¢Jmistry) to briiig together biology, cb8￿115try, ek2gineeriNx, avd d¢7ta sciejic¥. J 710w lead a team nf.30 funtustic scieiitists eit¥ine¢rs, and otsr business is &k()iii&' frntn s¢reii&Trtl) t(J streitgth. -lom Fleming. Endustrial Trellow 2016 As well as its cure fellowships and stiidentships, thc Comtni55ion also runs a vcry successEul Spccial Awards progrllmnie, supportinbF individua15 and institlltions with siinilar aims to the Cvmmi$5ion. As in previou.s years, many of tli¢' awi1rd8 reflect the C,ommii%ion's continuing commitmenr tr) riising the awar¢ness of the young to the opportunities presented by science and engineering. They include award4 ti);.S()mer8cience Trust for a S'I'EM festival Sutnerset. Smallpeice Trust for a Series of residential courses designed to introduce young pcnple to the full range of ¢ngineering disciplines and iareers- EDT to supi)ort courses for disadvantaged young people to help them n2vigate the different ruutes into STF.M degree.4 and apprenticeships. and Well North Enterprises co support initiatives to increase llptake of STEM apprentice5hip8 in Rotherham. The impact of such Special Awards may take some time to become apparent, but a brief look at son)e of the awards m2de in the la.st couple ofyear give5 a flavour of what can be achievcd. In 2020, the CD¥nmission grave a Special Award to tl)e London Transport Museum ILfMI to support their F.ngineering yoiir Neighboiirhood project, which ainied to create digital resourc¢5 for use during the QOVID pandemic which would raise the profile uf engii)eering with primary school children at a time when tnU5eutn visits were nut possible. The project foLused on one neighbourhood, Acton, an arca with same of the UK'S highcsc levels of deprivation where rhe museum has a Strong presence throU￿h Jepot. The project aimed to develop children's knowledge about tr2n.sport and engineeringy improve their perceptiuns uf tran5POLt aiid engineering careers, improve creative STEM skills aiid coinpeteiicie5 and improve pupils, perceptions of their local area. Pre and post activity surveys SUbLrest that the projeLt had some success lalbcit from a vcry low basel, increa.sing ¢onfidence in understanding the importance of transport and cngFineerinL by 30 /0 aiid enthusiasm for transport aiid engiiicerin careers by 20 /.. The enduriiig legacy of the project includes 2 teaLher resource pack, a virtual workshop) session plans for use with thL' virtual w()rlc.%h()Pi a desigi) Lhallenge, and five videos that Lan be usgd with primary hildren to introduce them to transport cngincerin% and thc different career8.Iv2ilAble to them in that area. As ol spring 2022, the virtual session had been used with over 540 childrcii nationwide. brom Api'il 2023,1.TM intend tn devise a webinar version of the virtual se55iun linked to 2 key annual moment such 2s British 5ciencc Week with the aim of reaching a mllch12rger number of schools. LTM also hope to explort the poteiitial fur using the virtual session a5 the l)asis for oiigoing teacher CPD 5ek4ionb, Learning froni the prujeLt is alsv influen¢inb LTM'S wideL eduLation w(>rk. l)erhaps rhe most successful ¢l¢meiit uf the project was the local diniensioii, with tcacher.% I'ci)orting rhar almost all pupils camL away Wlth a rnL]Lli becter understandingy uf what was unique and special about their Ioc212rea. LTM are hoping to devclop long term paJ'tnei'8hip% with 2 number of local primary schouls to support leai'ning across the cllrriculiim rhroiigh catalysiiig local stories ai)d assets. ThLy alltiiipatL susiainLJ LnbFa¥Lm¥nt of this Surr will liave 2 sigrtiiliiant impaLt o)n li¢bFative ¥Lnder perceptions arnuiid tr1£ n5p(Irt And engineering. li Another Special Award, this time focused on secondary school children, built on research by the IIOYAI society and rhe Educatiun Endowm¢tLt boundation tl)ac ha5 fouiid that literacy skills are key to raising aspirations and cl()%ing the 2tt2inment gap in STEM subject4.. They arc also of course essential for employ2bility. In 2021 the CA)mmission gave a Special Award to the National LiterJcy Trust INLTI to enable them to roll out a digital te2Lli¥r training offer linking liter2Ly And LarLLfs Within STE,.M to 259 seLondary school science teaLhers wurl pr()viding kn()wlLd¥L that will fttLilitate the deyelopment uf nature-based pcst and discase management solutions. Dr Alex Riley Sttbject.. Constraining the nature of dark matter with salactic halo substrllctllres Dmrham unive￿Ity This project combine5 obgervatsons with state-of-the-Arc cosmological simulations ()F galaxy forniation in order to help aiiswer oiic of the most fundamental questions in m()dern physics.. what 15 dark matter? This will be achieved by modellingy the (Trrbits of dwarf galaxies and stellar streams around Milkywaygalaxy. Dr Sathyawageeswar Subramanian Subject.. Quantum algorithm5 for testing 2nd learning Umiversity of Warwick This project will construct novel quantum algorithms for practical probl¢ms such as testin8 hnw tnuch entanglement an arbitrarily lar&Fe quantum state contains by studyinbi unly miiiuscule fractions of it, while also tightly characterising their power in tackling such problems by proving bounds on their theoretical I￿rnEt5. Brunel Fellow Dr Rtsy Bartle Subject.. Thermal desalination with renewable hydrugen energy Uviversity of the Higblartds axd Islands The aiin of this project 15 to improve th£ sustainability. efficiencyy and reliability of water desalination. Globally? water is 2 scarLe cunimodicy but essential tu sustainable cumtnunities. Thermal dcsalination with hydrogen energy storage and scawatcr hcat pumping has the pntential tn produLe drinking water sustainably and efficiently from seawater. Indu5ti ial Fellows Joseph Counte Siibject.. Reducing temperature uncertainty in rhertnal tnemury cuatings for adv&nced gths turbine applic2tions SpoJis()r.. Sensor Coatiiig Sy5tcms Ltd Univenity ofNottinghani The project will aim tu rcdu¢e temperature uncei'tainty in'l'hermal History C()atings below * lo"C across thc teiiiperatiire range of 800-1600°C,. This will he achicvcd hy building 2 self-c(Jnsi.8tent measurement framework iiiEorilled by material analysls, U5inb. buth IL]minescence life-cinie decay and emis.sion spectra merhodolobiics in parallel. Jessica Crompton ,Stibject.. Synthesis of quaternary stereoLentres via hydrogen borIowingF catalysis Sponsor.- GSK Universtty of Oxford Tliis proposal d¢tails the synthesis and derivatisation of quaternary stereocencres using the sustainabley green niethod of hydrogen borrowing caralysis. transf()rming the chemical space accessible via this metliod. This will l)ave iinportant applicatinns iti the pharm.Iceuric21 industry as increasing thc three-dimLnsional spaLe utilised by drugy Landidates ¢an havc sibTrnifiiant benefiiial effects. 15 Matthew Diable SubjeL¢.. Development aiid industrialisation uf Thovel hyperbranched photupulymers via proprietary technology to rcv()lutiunisc 3D printing Sponsor.. Scott Bader University ofLiveryiool This project focuses oil overcoiiiiiig pelsisteiit cliallengcs in 3D priJitinLF technolubTle5 thL'uugh the development and indu5triali5ation of ncw and hibhly valuable hyperbr&nched photopolyn)ers. Such polynicrs will be obtained via a novel and industrially relevant polymer technology recently developed at the University of Liverpool and exclusively licensed to Scutt Bader11)olymer MimetlC51. rinbar Gaffey Subject.. Developing a platEorm io improv¢ the identification of therapies for Motor Neurone Disease Sponsor.- LifeArc Unive￿ity of Sbeffield This project addresses the ui'&F¢nt need for ther2peutlL rargets against MND by developing a highly rcproduLiblc Lellular mi)dcl,.suitahlc fr)r autnmated indu.%trial research. U.%ing nnvel.1rtifici21 intel11b￿enCe 2nd genetic engineerii)g? gencs/targ¢ts linked tu MND will be investigated in this system and cDnfirmed further in ci)tnplex diseasc modL.Is. Magdalene Ho Subject.. Home-grown therapeutics- using bioinspired nailotechnology to harvest patient-derived biologics for healing chronic wounds Spoiisor.. ConvaTec Imperial CollegeLondon This project aims at optimisation of a novel, interactive wnund-healing biomaterial for clinical uqe by affordably soui'cinK protein tlierapeutlL5 from bloocl and optimisin% design parameters to enable synergisric healing effects, thereby reduLingN I'equired prvt¢in dosag¢ for therapeutic efficacy. These optimisations would con.%iderably reducc production cost And increase Accessibility of treatment to frontline/low resource envirunments. Al¢ksandra Nikoniuk Subject.. Integrrating automated miLrvlluidi¢s proce.K4 analytiLal teLhnology platForm5 intu autologous CAR-T cell manufactllring Sponsor.. Autoliis University College London Tliis project will aim to develop and inregrate an automated miirufluidics pLoc¢ss analytical technolnEY linked ta semi-automated bioreactors used for i?Utologou.s c¢ll therapy manufacturing, This will remove the use of coinplcx ajialytical equipiiient, improve precision and speed of an21yses. which overall will lead to mure consistent product quality. Nichula5 Nyamayedenga Subject.. Practical approaches to address non-dewatered alum sludge properties and beiiefits of dcwatering Spopisor.. James Mac Group University ofBradfi) Alum Water Treatment Sludgie is L]sually dewatered to about 18 to 20,/0 sulid5 and dispused uf to landfill. This work proposes to explore lid utili%L tlIL frLL/.L-thaw tL'LhniquL' tn (urther dew.IteL the 51udge.'l-he work will also exploi'c bntli cliemical and Jnechanic21 properties related ro problems of dewatering alutn sludkF¢. Joe Ros5 subjecl.. Cell state estifflation for modlllar battery paLks Spoiisor.. Brill Pnwei" Uiriversity of Oxford Thi5 project alms to use the power electronics a modular battery tnanagement system to develop a novel metho)d <)f extracting state estimation informatiL)n from Lells in a battery pack. The LIV21 is to develop a hardware allgmented state estimation technique for modclling power capability and thern]al induced vvltabJ¢ hysteresis. 16 James Kowlcy Stsbj¥Gt.. A platform Eor the high-throughput screening of reactive Fragment5 in cells Sponsoi.: C,.SK Uiiiversity of Oxfvrd 'rhis project ahms to d¢velop a novcl platform for the high throughput screening of large libraries of reactive fragrm¢nts l>lOOOI in live cells. Unlike Lulreiit Inetliods, which rcly on low-throughput tnass spectrometly) thi8 platform will provide a way to siniultatLL()u%ly quantify the c()valent12belling of proteins by reactive fragnients. Yohn Taylor Stshject.. Development of hypelpolarised 129X¢ magnctic resonancc imaging to provide a novcl translarional drug-develupment imagyinki framework Spoiisnr.. GSK Uuiverstty Cnllege Lnndoii l)reLliiiical to clinical translational evaluation o( gas exchange utilising hyperpolarised 129Xe MRI is limited dlle tn the intrinsic Lombination of Lompartmental ItissuelRBCsl 12YX¢ MR signa15 in mice. This proposed research will develop novel techniques permitting comp2rtment21 interrogation, primarily for the tran512tioiial as5e5sment of lung funLrion wichiii the driig-development pipeline. Enterpri%e Fellows Ryan Beal Cnmpany.. Sentienr Sports Sentientsports has built an Al tool that analyses m2ny ye2rs of his¢oric21 dara, rhat allows managenient to simulat¢ how a gyiven decision will impact the perEormaiice of (heir (eams both trategically le.g. buying players), and tactically le.g.) teatn tactics for cach game). This acts as a "d2ta-scAentist_in-a-box' analytics package that saves team5 the price of employing a data scientistl analyst lapproximately £'IOOk per year due to Al skill shorragesl but still allows thein (o fully utilise thcir data cffcctively. The mndels allow Coachcslmaiiagcr￿ana1y*[* tn ai%cgs thc likely real-world iinpact of their decisions thcrcby increasing their assur2rnce that their decisions, taken in a high pressure and uften tight timesLale environment are the best that they can be. For example. ITh fuotball rcci'uitment the modcl can simulatc how fl player will link with teammates, fit the manager tacrics and provide a return on investment. Henry Harrod Conipany.. Trourier Audio IFinancially siipported by the ERA Foundationl Fourier Audio'5 TroFisfoYm bringys the power of studio-gFrade plugyins to the live sound engin¢¢r, enabling a iiew world of creative possibilities in a dependablc,.5h(Trw-ready platform. Trons[oriJi is built on Fuurier Audio's novel audio procc55ing engine designed with real-time reliability at its core. Crucially? engineer5 will no long￿er be tled down to a single Inanufacturer and b¢ able to use the hest plugin8 available to llnleash their creativity with()ut coniprDtni5e. In #dditian, a beautifully intuitive control surfaLe will let designers twealc and cxperiment with the speed and versatiliry needed in a live enviroiiinent providingT a sinLile unified iiiterface across the huge rangFI' of VST plugins available on the marlr whether there is more nuance, with a rApid ancient radiation of snme lineage.s deep in the Ediacaran Period. 23 Dr Aden Forrow Project.. Mndelling 2nd inference in single-cell RNA sequencing University of Oxford Aden set out to develop mathen12tical tools for analysis of 5ingle-cell scquencing data and to build productiv¢ relationships with theorists and experimentalists at Oxford. His core accomplishments wci'c achieving those goals. He published an algorithm, LineageOT, for iiiferenLC ofgeD¢ expression dynamics from single-cell tirnc courses with Iineage-trl￿ Clnb barcudes, and he c()ntinues to work on iniprovements, extensions, and applications. Experimentally? he worked with Professor TAtjana .5aulia-SpLnk,ILr ()n studies 1)f Ihe 7.cbrafi.4h neural Crest and Dr. ()liver Stone on devclopTncntal source5 of lymph2tic endothelium. Aden's Fcllvw%hip alsn allowed him the freedom to take advantage of opportunities he had not forcseen. He participated in a cTrnsnrtium efforr called C,OMBAT to characterisc th¢ itntnunL response of patients to coronavirus infections of YaryinE scverity. On hss own, he Eollowed up a small, surprising obscrvatiijn hy conducring a thoruugh analy%is of the ¥ffiiienLy of likelihood-free infercnce algarithm.%, wliiLh the field sorcly n¢¢ded. Throllghout his Fellowship J he complemented his research work with teaching and mcntoring undergraduate and masters studcnts clas5£5 and for a s¢ri&4 of summer research projects. This fall Aden will start as an Assistant Pi'ofessor in the Department of Mathematics at the University of Maine. His research will stay in the nichL he has found ar the interface of statistics and biology? with both continiied projects with currentcollaboratars and new directions with future colleagues. Dr Matthew Glecsnn Project.. Decodiiig the crystal record af volcanic eruptions Cardiff Univetstty Matthew's fellowship set out to use the chcmical signature of volcaiiic crystals to further our understanding (hf magma traiisport prior to volcanic eruptions. Determiiiing the nature of niagma transport is a critical area of research in volcanologyy as it has recently becn discovered that most 'magyma chanibers, arc doEninated by solid crystal phases that raise the Yiscosity of the system and thus imp¥dc L'rupti()n%. A% a result, for an eruption to C)LLur, magyma must first be extraLtea frottt tlicse crystal_rich regions 2nd Matthcw'.s rc5earch aimed to provide new insight5 into the mechanism of nielt extr&ction. Owiiig to the COVID-19 pandemic, the focus Of Matthew's fellowship was forced to shift from analytical to theoretical. He developed iiew cumputational models of che chcmical reaction5 that take place in magma chambers bcneath volcanoe5, denionstratingF that certain chemical and thermal parameters cause the p¢rJneability of magma miish syst¢TllS to increaqe, aiding magma tran.sport and accumulation prior to eruptic)n.'I"his th¢or¢tscal wurk is now being tested via 01)gosng work focusing on volcanic products from Hawai'i and the Cyalapagos. During the seiond year of his fellowship) Mattlicw was uffered a pusition at the University OE California, Berkeley, as a I.ecturer and Assistant Researcher. In July 2022 he tnoved to Lalifurni to take up this position and iiow teaches both general and spccialiy.ed Earth and Planet¢1ry Science courses. In additiun, his researLh into thc nature uf magma transport contii)ucs with new analytical mcthods being developed to identify porous flow in crystal riLh magtna systems. 24 Dr Tim Haskett I'roieGt.. Dev¢lopment of geneiic rools fur rhiz05phere enginccring University of Oxford Tim's fellow.qhip focu.sed i)n devcluping ¥LnLtIL t()()l% t(Tr LnLFinLLr soil bacteria for rhe benefit of sustainable a8riculture. Tini not only developed several tools for this Plirpose but al.so applied these to gcnerate the lirst "syntl)eric nitrogen fixinx symbivsis" bctween soil b2Lteria and barley where the engineered cereal crop can tri¥bTcr cu-¢ngineered ¥()il bacteria to supply a snurce OE available nirrogeii that is essential fnr plant growth. Such a system could bc pivotal to reduce current inputs uf Lh¢miLally synthesised nitrogen fertilisers that ale becoming incrcasingly dctrimcntal to thc environment. Duiing his Eello)wsliip rim pul)lished five peer reviewed papers as first author in prestigious journals such as PNAS and ISME J and published a further two paper5 as a co-authur. Tim is now workiiig for the newly formed Silicon Valley start-up Lompany SwitLhBioworks' Ihttps:11 wivw.switchbiowork%.com/l where he intends to further develop synthetic nitrogen-fixing symbiosis for praLtical use. He ivill be working primarily on the bhotechnolngy side OF the company l)llt also inteiids io use Ihis opportunicy tu further eduLate him4elf in iion-SLientifiL areas SULh a5 marketillL, bu.gincss and financc malla%cment, and protection nf IP. Dr Amit Hazi Pr(iject.. Di2gr2m Algebras via Soergel bimodulcs City, Universtty ofLondo The concept of symmetry is oinnipi'esent in the scienLes. The mathematical study of symmetry is called rcprc5cntation theory. Representation theory seeks to betrer understand abscract alg7ebraic objects by representing them concretely as collections of .qymmetries of more famili2r objects. Besides its intrinsic utility within Inathe[nat￿L5 Itself, represent2tion theory also underpins our ciirrent understandiiig ol phy5iLs and has appliLations in Lhemistry and crystallograpliy. A fundameiital problem within reprcsciitation theory is to break down complicated 5ymT]ietries into their irreducible constituent representations. The irreducible representatiuns are rougyhly analogyous to atnms in chetnistry? forming the building bloclL magnclic fiLlds aiid is LSSClltial fnr Futui'c m2tcrial-baNcd quantum computcrs. C.urrcntly all known superLI)nducting materials only work at extremely cold temperatures or under extreme pressiire, which makes them very c()gtly to operate. In this fcllow5hip Luke %Lt (Trut to understand the microscopic interactions that govern how superconductors behave in a particular set of unconventioiial supercnnducringT materials. His approaLh has been to perform experimental mcaEuremtnts using the photoclcctric effect and quanium runnellingy to study h()w the eleLtrons Eund2mentally behave in superLonductors. Hc th¢n combined the data from these measurements with theoretical Tnodels which I￿Ve then been used to test and compare theories of superconductivity in these materials. This wnrk has proved incredibly frllitflll, resulting in 12 publiLations over the three-year period aiid a bcrter undcT.%tandin% of eight differcnt un¢(Inv¢ntional m.Iterials. A particular highlight of the project has l)een the observation of how tiny 5tructur21 distortions at rhe surface of Sr2RuO.I modify the supercanducting prupcrties, which Luke found could put¢ntially b¢ us¢d as a switch to turn On 2nd off thc.%upcretTrndtsLting state, as wcll as an.%w¢rin% the qucstinn of how rhe energy Icvels of the electrons rcdistribiite in the superconductor Fese luw temper2tures, which has enabled him to disentangle the superconductlllbF inf()rmatii)n from the elecrroiiic infurmaciun and thercfore constrain the possible mcchanism of superconductivity in rhis material in much greater detail. Lulie currently has additional funding to Lvntinue his research into SL]perconductivity at the University of St Andrcws and in the prncess of writing independent fellowship applicatii)ns to start his own group wurking on the theory of supercoiiductivity in correlated quantum materials. Dr Christoph Schnedermann Pr(7je¢t.. Invesiigation and opritrjisation of higyhly efficient next generatiotj photo-electro¢hemic21 devices Uxtverstty of Cambridge The 1851 Ilesearch Fellowship enabled C.hristDph tts move to 2 new field and develop a multi- disciplinary research proglam at the Cavendish Laboratory of the University of Catnbridge. Diiring his fellowship Iwhich was extended by six tnonth5 due to Covid-related disruptionsl, he established novel optical cliaiacterisation techniques to understand, screen and improve the perfortllan￿ of next-grenerati(In pliotovoltaiL and battery materials. These efforts resultcd in severrganic Lhcinistry. 'ressa's fellowship addressed this fundamental Lhallenge by studying the tnetalation pachway of vitamin Bl 2, an esscntlcll dietary nutrienr which conrains a critical cobalt aiom at it5 centre athd is manufactured solcly using microorganisms. Plants do iiot cnntilin vitamin B12 and inexpcnsive suurc¢5 of the vitamin are needed for iiidividuals on vebFan and subsi5tenLe diets. The work revealed the meLI)anism of action of a suit¢ ()f mLtal delivery proteins which supply Lobalt duringF vitamin B12 biosynthesis and devcloped niethods to calculate rhcir metal occupancies inside living cells, under a raiige of different yTrvwth ¢onditions. These key di&coverie5) publi.shed in Nature CoET)munications, can be used to optimise the metal supply pathway5 fur microbi¢11 produ¢tÉi)n of YitamÉn Bl 2. Moreover, the methods developed can l)e applied to understand and optimise the met21ation of pruteins more bFenerally. Icssa is now continuiiig her work as a Rcscarch Associate in the Department of Bioseiences at Durham University. 27 Industrial Fellows B¢n Barnes I'roject.. Process developtnent for reLovcry and purificatian of exosomes for regen therapy Sponsor.. ReNeurun Universtty College Loxdo Thc importance of nanopartlLles t() encapsulate and deliver therapeutics has Lonie Lenrre srage with the success of the YnRNA-based C'OVID-19 vaccine rollout. Exosomes are an imporrant class nf nannpartiLILS that art, potentially 8i%iiifiLantly more effiiacious and safcr than cnmtnonly u.%ed synthctic nanaparticles. HowLVLr, the cLimplexity of exosome prepaiations reqllires innovations in manufacturins prr)ccssc.4 ti) improvc.spccificity and 8calability ifexosome-bascd thcrapcutic8 arc to be commercially successful. 'has project aimed to devclop novel technology to selectively captur¢ and purify exasomes. This was.qchieved thruugli tlie development of affiiiity Lhromatograpliy teLhniques 2nd cusrom chromatography resins that harnesscd the ahility IJE certain pr)lysaccharides to bind exosunic5. ThAs tCLlinoloLY iepresents a signific2nt step forward in ReNeuroii'.s exosrTrme purificatinn capabilities 2nd is an iniportant addition to the repertoire of proprictary technologies that ReNeuron holds to produce clinical-grade exnsomes. HavinbF thL ()pportui)ity t() w()rk with an industri21 partn¢r at ihL cuttin% edse of CEnL'rxin¥ field ha% Tnntivated Bcn to pursue a career in thc biopharmacLutiLal industry. HL is confidenr thL skills 2nd experiences he gained from this project will he Énvaluable as he looks to apply his biopr(Kessing expertise to other novel therapeutiLs. Veronica Glyn Project.. Dev¢li)pment uf experimeiitally integrated process models for adaptive CAR I. ccll therapy manufacturing Spoiisor.. Autolus Universtty College J.ortdon Aut(Jlogtsus CAK T Lell tlier2py has been effeiiive in tlie tr¢atfflent uf sever21 types of vtherwise intractable cancer5. The ther2pies, howevcr, rc derived from the parienrs, own cells, which Lan vary in qllantity 2nd quality. Tliis contributes to process variabiliry> Dut of specifiLation prodiicts and increased production costs. Sometime5 it cali result in batLh failures, delayed patient treattn¢nt and variabl¢ clinscal r)utcome. One appraach to addressing patienr-to-patient variability is to design robust 2nd adaptable CAlI'f prodLlCtion processes which are ¢ap2ble of compensating for rhe gtarting material variability. To provide a basis for SULh strategies, it is first iniportai)t to ijiiprove fundamental uiiderst2nding of how th¢ diffLrences between T cells from differeiit individuals affeLr the nianuEaLturing proce55 aiid product quality. Veronica'5 worlc prnvides insights into the impacrs of variation in donor scarting material and process pai'atncters un CAK Tiell therapy niaiiufacturing outcomes. Thi.5 huilds on exisring process kn()wlcdge and highlights opportunities fur improvements to contiol strategies. for examplc, hy determining the cricicality andlor appropriate operating ranges of starting material characteristics and process paramet¢LS. ProoE of Loncept has been provided for a hybyid modelling strategy capable of prL,JiLtin¥ donor-specific proLe5S OUt¢()mes inLluding final product attributEs Itransduction efficscncy and C,AR T cell nutnherl and in-process behaviour Icell grvwth and metabolisml. This provides scope for adaptive fflanufaLtllring using modcl-based ontrol, which ultimately will I'edllce costs, increase process robustness and improve patient accessibility. Veronica remains a Process Engineer at Autolus within the cell processing team, where she hopes to use the unique skillset she gained during her PhD to support Autolus, exciting w(Irk the CAR T cell therapy space. 28 Adam Hornsby Project.. A computational m()del of consumer pr¢feren¢e formation and decision Iiiakin Spoiisor.. dunnhuml)y Umiverstty CollegeLondon As a customer data science cutnpany* dunnhuniby sain a competitive advantage from computational ethnds that itnprovc undLrstanding and prediction of cusromer behaviour. bor example, by understanding which products customcrs consider to be'e55ential items,, they Lan llnderstand where rerailers should inves( in keeping prices low. Adam's project has uncovered several new analytical techniques for understanding customer behavivur that are routed in a decp¢r understanding of consumer psychology. For example, Adam prnposed using a "topiL model" to learn themes from shoppers, purchasing patterns. This teLhnique is now l?eing used across the l)usincss ta understand rhe core shopping mi$4i()n.4 that exist in rhe minds uf their customers and how these change as a resL)It of scasothal trends le.g., COVID lockdowns). Adam also showed that differenL shuppers rely (Trii different niemory systeins wheii thcy shop online And that this predicts the likelihood customer% will forget producrs.'I'his is helpiiib dunnhumby tu improve rccommendations on sites ta minimise forgntten items. This research also suggests a pRrh tu id¢ntifying early niemory decline at gLale, such as in Alzhcimer's. Adam hopes to explore this in futlire research. Finally. Adam has helped quantify the effeit that reLommendations can have on long-term preferences. His findinEs %h()wed that people often adjust their preferences ro suit tlieir past chuices. "rhis mean5 that- with the correct sequence ()F recommendations- an algorithm may be ahle ta enL()urage he21rhier clioiLes ovcr time. Research is ongoing in this arca and Adam's findings have12id thegroundwork. Adam has now been promuted to a Lead Data Scientist role at dunnhumby to help lead a new, multi~ ycar engagement with a well-known I'etailer. He hopes to continue PLiblishing academic research, as he feels he has many questions l¢ft unanswered. Adam McKcniie Project.. Phot(TrniL and electronic convergence: epitaxial growth on silicon Sponsnr.. Sivers Photonics Umiversity of Glasgow The 1851 Indu.strial Fellowship has becn cruLial in facilitating the development of in-house metalorb7aniL Lhemical vapour d¢p05ition IMOCVDI capabilities at Sivers Photonics. In the course nf his time with Siver5, Adam's work on proLesS Standardisatiun and iustonier-facins rcsearch and development projects has led to rhe roll-out of a number of new comniercial pr()duction proLesses and devices. In addition, the Pcllowsliip has strengthened the relationship between Sivers and rhe University OE Glasgow, driving the success of the MOCVD collaboration, and establishing the joint- facility as a leader for cpitaxi21 growth of111-V materials in Scotland. Thc basis OE Adam's PhD research has been equally as fruitful. I"his has fucused oil developing a new type of laser which integrate.% a uniqiie nano-structured layer within the device structure. Adam's work on understandingF the coinpl¢x regrowth dynamics seen for these dcvices has resulted in a number nf j0llrn21 publications and preseiitations at internatic)nal cunferences. Tror this work he wa5 a150 h(Inoured to receive the prestigious 2020 Postgradllate Prize from the Institution of Engiineering and.[ec￿7n01ugy IIETI- ollowing the end of the Fellow8hip> Adain has left his role at Sivers to take up a position as a reseai'ch associatc at the University of Glasgow. Here his worlc will focLiS on the developmenr of specialiscd failure analysis capabilitie5, cei)tred around the suit¢ of electrun microscopes at thc University, and tailored toward5 the study of III-V m¢ltci'ial4 and devices. The project will build on the teehiiiLal aiid cotllmercial knowledgc gasncd during his PhD and will allow th¢ Univer%ity of Glasgow to morc fully %upporr industrial and academic partners in th¢ir research and development and production activities. 29 lisabcih l)icldes l)r()ject.. Applying quantitative image analy515 tu liver canccr Sponsor.. Perspectum University of Oxford Duriiig her Industrial Fcllow5hip, Lis aimed to develop novel techniqucs for early detection of liver cancer. Perspectum has an l*DA, CE marked, liver cancer I'clatcd MRI product, Hepatica, which 15 used far surgical planning. Thrc)ugh hLr w<)rk Lis L()ntrihuted to extending the scope (If Perspectum's product5 to incliide pj'oyiding cancer detection tools. .SpecifiLally, Lis developed an MRI %equenc¢ that will enable th¢ det¢cti()n ()f irnn.%paring, whiLh is where, a8 a tLimour develops in the liver, the amount of iron in rhe ttsmour can decrease compared to th¢ suriounding liver. Lis validated this tool using phantoms Iwhich coiitain chetnica15 to miinic the liver and tum(Trursl and in healrhy volunteers. Throughout the Fellowship Lis played an important role in the DELIVEK consortium, which is a large group of scienti%t% and clinicians who aim to develop techniques to cnable early assessment of LanLer. One of the clinical studics which the consortiuin is working on is SELINA. This study involves the reLruitinent of 80 patiencs with early hepatocellular carcinoma who will be scanned with the novcl MR T sequence l.is devcloped. The results from this study will veriEy whether her MRI protocol could bc used for early detection of cancer. Following her Fellowship Lis will be taking up a post as MRI Phy.sici8t at fTDy'S and 5t Thomas, NHS Trust. She is very much looking forward tu using skills developed dLiYing her Fellowship in her new rule, which will involve contriburingp tu research as well as providing clinical sciencisi support for the many MRI scanners in the Trust. Euan Rodgers ProjeGt.. Development of a permanently installed monitoring system using guided waves for safety critical nuclear componciits Sponsor.. Rolls-RoyLe plc lTriPerial College Londo During his project, Eu2n successfully developed a ground-hreaking monitoring systetn for detecring cracks in coinplex iiuclear coiiipoiiejits. By utilizing guided wave5, which propagatc along a structure while guided by its boundaries, his system can inspect larg￿e volumes of materials aiid Lomponeiits from a 8inglc fixed IoLatÈon. This represents a significant advancement in the inspection capabilitic. OE Ilolls-RuyLe and a major step forward in thc ficld of ￿trucrllr￿1 h¢alth monitoring ISHMI. The traditional tnethod of manually measuring ultrasonic probes is not only time-consumiiig but also costly. Euan's proposed 5ySteni is designcd to ovcrcoinc thcse chall¢nges by impletnentins inthovatiye signal prncessing technique5 that cofflpensate for the loss in sensitivity associ2ted with using gyuided waves over large areas. This approttth ensures that industrially relevant cracks can he detected in real-world expeiitn¢Dt5 un nuclear reactor components while maintaining precise safety standard5. Through thL, dLvLlcJpment and application of these iiovel teLhniques, Euan's sy5tLm significantly reduces the time and cost involved in ultrasonic probe Tnonitoring while en8t]ring chat safety is not comproniised. The itnplementation of this new sy8tcm will significantly improve the performance of Rolls-Royce in the nuclear industry by pr()vidinLF a more effiiient and accurare way to monitor complcx components. This achicvetnent has the poteiitial to enhance safety st1( ndards, i'educe Losts and improve inspection times, ultimately benefiting hoth thc conipany and thc indll8ti'y 28 2 whole. 30 Ta¢iaDa Rogova Project.- Shining a new light on the synthesis of biologically relevanr tertiary amines Spopzsor.. GSK Uuiverstty of Oxford Ttttiana's bellowship wa5 dediiated to the developlnent of a highly robust and efficient chcmical merhodolc)bry that enabled the facile synthesis of previously inaccessible, branched, tertiary amine molecules for drug discovery rescarch. In a iollaboratlVL L.ff(Irt between GlaxoSmithKlintt IGSKI 2nd the El)SKL 5yntliesi5 for Ilioliiby and Medicine Cenrre for Docroral Training Programme ISBM CDT) at thc Univcrsity ()f Oxfi)rd, she was able tu successfully dcfflunstrate how tertiary amides- readily available and chemically robust 8t2rting materials- cuuld he transformed into the target compounds under very mild, visible-light proiiioted, catalytic conditions. As a rosult of these efforts, she was able to produce a library uf eighteeD, novel, tvrtiary amine- L(Trntaining tnolccular structures 2nd showcase how her dcsiEn¢d reaction conditinns could be Adipted to target other medicinally relevant Che￿Il&1 motifs such as secondary and cyclic amines. Active discussions with industry partners at GSK en2bled her to desibFn her substrate sc(Trpe tu rcscmblL prc.viously idcntificd bioactive m(Ilcculcs. Hcncc, shc was able tn.4hnwLa%e how her meihod could be appli¢d in industry to synthesize and identify new 2Ctive pharniaceutical ingredients that could be used to treat a wide range of ilments from motion sickness ro hel¢ rt disease. Tatiana was delighted to li¢ able to share her findiiigs with the wider SLlel)tific community in a number of peer-reviewed publications. FurtherTnore, the project inspired further research within the acaden]ic group at tlie Univer8lty of Oxford to apply phococ2talysis in the design of Dth¢r.5ynthetic transfi)rmatioiis that taTUTet a broader set of structurally divci'sc molecules and chemical bond reactiviry. FollowinbF the completion of her Fellowship> Tatiana h&5 now taken up a postdtKtoral posltion at RWTH Aachen University where her reqearch efforts will bc focusLd on thL' c1L5ibwn of innovative, transition metal-based photocatalysts. Robert Rouse l)roject.. Maihine learning approaches to assessing futurc flaod risk Spoiisor.. Mott MacDunald University of Canibridge During hig Fellnwshipj Robert was able t(Tr investigate multiple machine learninbT m¢thods and theii relevance to hydrological cycle problcms in climate science, including developing new, data- lean frameworks iapable uf gJeneralisinb7 to lu¢2tions suffering frum data paucity. Furtlierinore, he has been developing a new framewnrk for crearing more robust projections of climate inipact. These Inethods will 8uide b£tter future water resources mana%¢ment and help to better inform infrascructure adaptation and mitlgFation strategies, both uf whiLh are key activities Eor Mott MacDonald. The increasing relevance of data-driven algorithms in enviroiimental and civil cngineering is leadiilg to increased collaboration between the research group 2t Cambridge and Mott MacDonald with a view to expaiiding upon the rescarch conduLted thus far. ollowing th¢ end uf his Fellowshipy Rohcrt will be involved with running a climate-tech start- UP? as thc c.hief 5cientitic OfiiLer, wurking un the development of a proc¢55 for the prodllction of microalgae derived oil aiid protein products. 31 Jack Sutro I'roject.. Synrhetic appruachc5 to tnedicinally relevant Euphorbia diterpenes Sponsnr.. UCB BiuPharma Unitwsity of Oxford .lack'5 research dui'ing his Industrial fcllowship e.stablishcd an cfficient, scalahle, and modular synrhetiL route to the densely futhLtitTrnali5ed five-lnenibered hydruLarbon riiig whiih is the core motiE in the latropha￿C ditcrpenes. alnng with a second complex open-chain fragtnent. The jatroplianes are a Lla55 of natural proLIuLt, many membtr5 OE wliiili are UE si%nifiiant pharmaceutiCc11 intLrcst due to their iiihibirion of proreins involved in niultidrugF resistance. These medicinally relevant compollnds havc thus far uttcrly eludcd the cffort% nf synthctic Lhcmi4ts, due to a degyree ofscructural cotnplexity which is consideiably abuve that found in must pharmaceutical targets. The.%cientific ambition and thLrapeutic relevanie OE this projeLt allowed for th marriage of acadcmic and indu.strial interests 2nd made it a natural fit for the IndustriAI Fellowship. In spite of the ch211enges associated with the project and thc years durithbT which it was c()tLduLted. the uutiome of Jack's work is a cnIicise athd econoTthical synthess% of a coniplex core fragment of the target molecules. In particular, elebpant strategies for accessing a range OE desirable stereochemical confiKuratinns Ar()und the cyclopenianc ring were dcvclopcd. this cstabli%hc% a platfnrTn for a mi)re tlIDrough exploration of the chcmical space.%urri)unding the jatrophane diterpencs. The Industrial Fellowship wa5 ilistrumeiital in facilitatinbi this.. a tlbhttr industrial collab(Trration with UCB BioPharma led to frequent meetin8s between the Industrial Fellow, the academic supervisor, and the sndustrial supervisor. These meetii)gs punctuatcd thc i)rogress of thc project, continually informing the &trategy taken and eiirichingF tli¢ sLientifiL experienoe uf tlie Fellow. Morcover, the extra resources provided by the 1851 Commission cnabled a more vigorous exploration OF rhe potential chemical cechnologics used in th¢ project,. this inv¢stment ultimately lecl ro a more efficient and economiLal final product than that which would orherwise have been attainabl¢. Following the successful defence of his Dphil thesis, lack is now working as a po.stdoctoral researcher in the Department of Organoinctallic Chemistry at the Max-Planck-Institut fi2r Kuhlenfor5chung. Euan Ward ProjgLÈ,. Improving rhe reliability of Iow-c05t radar systCrnS Sponsor.. Leonardu University ofEdinburgh Euan's re5¢arch focussed nn developing techniques that will allow low-cost riidar system.% to operate in Llose proximity to one antTrtlier. Solving this problem is extremely important For the luture of driverless cars, which require radar technulugy ro provide detailed information about the vehicle's surroundings. As the iise of fully autonomous vehicle.s grows over the ncxt dccadc, thc po¢entAal Eur interference betweeii systcms will pose an ¢vcr-increasEng threat to the safety of these vehicles. Unfortunately> the radar will n(Trt be immune to this effeLt, so it must learn to operate in an environmentcrowded with radio frequency energy. The solutions that Euaii developed duringi his Fellowship were based around advanced signal proces.sing techniqucs that aimed tr) 'uncorrupr' che radar data so rhat rhe sensi)r C1< n dLtcct tai'gets, whiLh would otherwise be lost in the intcrfcrcncc. Impi)rtantly? these tcchniquL'S werc specifically dLsigned to mitigate iionlinear effect5 in the sensoL'5 haLdware, whiLh ian be stimulated by strong interference frotll othcr radars in the scene. This rype of nonlinear interference is cxpectcd to bc comimoiiplacc for the driverless car due to the vast number of radars oi)erating in cl()se pi'oximity to OllL (Ither. C-rllciallyy by employing the sophistscatcd alsForitlims developed during his Trellowship> che radar can maincain its operational perfnrmance in the most challenging interferencc sccnarios. Throub.h()ut his bellowship) Euan present¢d his rescarch at various internatioiial conferences and published four peer-reviewed papcrs including ane in the leading inrernarional journal foi. radar research. He currcntly work5 35 a Senior Sysrems Eiigineer within L.conardo's radar modelling team in Edinburgh wh¢re he has l)een developiiigJ some of thc techiiiques from his PhD fur real-world api)licatiDn. Furthermore, he has bcen acting as a technical speciali%t within the company in this area and has actively been applying his knowledge to some of Leonardo's major radar programmts. 32 Industrial Design Srudents Solomia Bogusz Course.. Archi¢£ctur21 Design University CollegeLondon Durinb her masrer's degree, Solomia pursued a programme exploring the frontiers of advanced architectural design, and their Li)nvergence with science and t¢chn()logy* Wlth ai) einpliasis on the latesr technological advances) particularly computatianal design and robotic fahricati()n. Solomia'8 research, as part of the Material Architecture Lab, explored innovative applications of natuial flax fibrc in thc l?uilt enyironment. Her prnjcct embraLcd the ecological advanragFC% of flax as a biodegFLadable. anrimicrobial, zero-waste material 2nd advocated for it5 widEr ad()ption across architectural pr2Ctices. It could SLrve well in temporary outdoor structures without Lonrributiiigy to the prcvailing issue of con.struction waste, with the p()%sihility to slnwly decay> whereby at the Lnd of its lifecycle it is retuined t() the eartli, eventually becomiiig a host for nesting places for local wildlife. riax's sl Northumbrian Water, 2nd having won 3rd place at the Sancander X UK awards. Wateraware Collective is helping UK water companies manage pollutioti events. Their citizen science initiativcs gi) heyond borders, with the ncxt pilot (Trf l*LOAI' beinby rolled out in the RLipununi Savannah, Guyan2. For thi5 project they will be working alongside indigenuus data techiiician5 to Lo-dessLTn a tiew versioii of the suYfaLe water drone, focusing on mnnitoring fi.sh biodivcr.sity? malaria vector control, and flood mitigyation. 33 Hemol Dias Course.- Innovation Design Enginecring Royal College ofArt aud linpeyial College Londo Coming frum a backgrouiid in Inechanical engineering? Hciiial joined the Innovation Design F.n¥ineering progyram at Imperial Collegye Loiidon and Royal College of Art to lo￿n multi-disciplinary teams and learn morc about the convergence of science and art. During his studies, he teamed up with his cla55mates- Di2n2 Can￿hlLer, Christina I,in arkd Emyc Kayganaci ro develap bomEcell: A system f()r stnring green energy at liotne. The team developed nutnerous protutypes of a device which would connect tn any standard plug goclcet in a house and aut()rnatically charge itself when the energy in thc national grid wis most green. When thc cnersy Èn the grid is not clean, the battery can be discharbFed to p()wer appliances in the hvuse. For his individual project, Heinal dev¢loped HAI)'r which is a wearabl¢ that 211Dws blind people to play video games through tiiuch. The wrist mounted dcvicL C()ntheLts to m<)bile gaines rhroug'h Bluctooth and provides the user with a diffcrcnt scnsation of tOllLh depending on which game element is touched, allowing blind people to navigate spatial interfaces. ollowinb* hi5 Studies, Henial ha5 moved to Japan to work for the Design-Led X IDLXI platform within the University vf Tokyo. The oi'gFanization prides itself on doing everything in collaboration and has recruited Hemal to join a team of researchers looking at the future of mobility in Japan after the introduction of 6G. Daniel Ellis Course.. Industrial Design Cextral,SaintMartirts The 18.51 .5tudentship was a key turning, point in Daniel's professional and acadeinic career a5 It meant thar he could purfut advanced studies for two years in Lnndnn and have the resources to Eund the research for his di5sertatioi). Hi5 the515 involved conducting expcrim¢nts in material science aiming to create 2 carbon negative fabrication material for buildiiigs. At times he needed to visit factorie5 or research facilitics in diffcrcnr parts of the countryy and purchase materials and machinery for his research. The Support from 1851 mad¢ this all possible. Daniel now works with the Connected Plthces Cat2pulr where his goal is to generate net-zero innovation An strategic area5 for the UK economy. Sean Fisher Cottyse.. Contextual Dc5ign Design ACade￿lY Etitdhove Sean's Studentship all(Iwed hini to do a tw(Fyear master's degFree in Contextual De51bTn at Design Academy Eiiidhoven, which has now given him a solid base to launch his art practice. Hayingcompleted a master's in Product DesibFn EnbFineering before, his pi'actice now c¢ntre5 arouncl engineering in a Pataphysical conrext la hranch r)f philosophy concerning the gcience of imaginary solutions). Since graduating) h¢ lia5 cuntinlled developing his practice, which culminated with sh()wing his work at Dutch Design Week in Octob¢L 2022. As a result of the experience aiid connections he gained during his dcgr¢e, he ha5 since undertaken worlc through Design Acadeniy Eindhoven as a photObFrapli¢r for regiular events. He is also rcspvnssble for a projcct to incre2se engagcment with the Academy VIA a series of interviews and pnrtr21ts. Sean has a150 had the opportunity to bring his new skill.s to work with Petor Georgallou (UK bike dc5ignerl, producingr Bespuka UK, Europe's bigLJcst hcind-built bike show exliihition. Sean was responsible for de51Ening the booklet, tnalcing 3D graphics and the gyeneral prodllition of ihe evei)t. With Maren Bang lan 31utnna of DAE), and supported by Dutch arts fuiiding) Scan is setting up a pop-lip gallery and hyperreal museum which will host A serie5 of exliibitiong thruugtrhour the year witli Mareii featui'ing it) rlie fiiial eKhibitinn.,Scan is respoiisible Ear all the gi' Tahira has joined Metile Studio, an innoyative desisn eonsultancy in London. As a UVUX designer, she continues to apply the skills she developed during her course to creatively solve design challenge8. .36 Enterprise Fellows Rebecca Donaldson Compaiiy.. Blue Tap Tecbnology.. Chlorine d05er Blue Tap has develO￿d a chl()rine dosing System which inserts the correct amounc of Lhlorine into a piped warer system making it safe to drink accoi'ding to WHO guidelines. In 2021-22, Bluc Tap partnered with the University (hf Oxford's IIEACH prugratnme arhd Kenyan NGO, I,'IindiPix in a y¢ar-long pilot to install water treatmenr techiiol()gy on cummunity Water points in Kirui, Kenya. In additivn, Bllle Tap carried out busiiiess clevelopment and cntrepreneurship training in Nairobi, Kenya, with engineering scudent% frnm Strarhmore University. In July 2022 RebeLL2 joined Cambridgc Consultants. She remain5 a non-execiitive director of Blue Tap. Natalie Kerres ComPt711y.' SCALED Te¢hFinlogy.' Custom fit proteLtive we.Irible SCALED is A wcarable tcchnology company developins custom-fir wearables for athletes to tninimi7.e the risks of harmful long-term damage from joint injL]ries. SCALED can be iised for leveraging injury prcvcnti()n, rehabilitatioii and Sports performance enhancement through reLFu12ted motion control. In June 2022, Natalie wa.s named one of tlie UK'5 Tup 50 Wi)men in Eng>ineeringy by the Wumen's Engineering Society. In October 2022, SC,ALED was awarded a £50,000 grant from Innovate UK. Naomi McGregor Compaiiy.. Movetru Technology.. Wearable technology for pliysiotherapy11.inancially Supported by ERA Foundatiunl M0vetr￿ cnmbines machine learning with rechnical textiles to improve outcomes for elite athletes. In 2022, Movetruwas awarded a £500k InnovatcUK StnartCTrantAward and Naomiwas awarded an Innovate UK Women in Innovation Award. Tom Simpson C.omPany'. Ratio Teclinology Tecl?iiology-. 16-spe¢d bicycle drivetrain Ratio Technology has developcd a bicycle drivetrain that ha$ 16 gears and a chain that is longer lasting) Inore efficient and more aerodynamic. In 2021, Ratio Technology products featured in Bikepaclcing.com's 'Gear of the Year. list. Ryan Beal Contpany.. Sentient sports lechnology.. Data 5ciEn¢ist in a box For spoi'ts Senticnt Sp()rtg ha.8 developed an Al data analytics rool that allows tnanabFemeiit to simulate how a given decision will impact the performance of their tcams b()th stricegically aiid tactically. Sentient Sports has featurd rebTul2rly in The Athletic other sports sice.%. They arc still explnring what aspect of the sports data analytics sectui they sliould focus on. Henry Harrod Compally.. Fouri¢r Audio lechnology.. Bringing studin grade plug-ins to live sound engineers IFinancially suppoited by ERA ouiidatior]I Fourier Audiu 18 bringing tlie software revolution to live audio: building a hardware-enabled audio software platform rliat enahlc5 engineers to create extra()rdinary thLidieiiLe experieiices fur the ev¢nts of the future, whil¢ reduLing the eiivirajiniental impact af brilliant soiind. Foui'icr Audio are seeking initial cunversations with anb7el and institutiunal investor5."Iliey have raised over £620k so far. 37 Samuel Willis ComPany.- Polymetrix Tech￿￿1￿&,y.. Personalised wearable products Polymetrix has developed a dibTIt21 plarform fur autonomuus personalisation of 3D-printable wcarable devices and for analytical pi'occssin% lfit-testingl. In April 2022, Pnlymetrix joined Iinperial Collegie's Techcelerate programme. Ilolymetrix is collaborating with Impcrial'5 Advanced Manufacturing Rese1c rch ￿Tr(Trup co launcli IL4 fir.4t diLTrital fittii)g 5y.%rL'm. Built Environment Fellow David Rudlin Subject.. What is the High Street for) Tales of the High Streer Meittor.. Steven Bee, Urban Counsel The last few years havc s¢cn a crisis on the high strett a5 household iiaiiics hav¢ disappeared, 75,000 stures hxve cln4ed and 700,000 johs hav¢ been lost. The aitn of the 2020 Built Environment Fellowship w2S to understand the crisis by (elling tli¢ stories of 100 high strects. In doing so it has revealed a much more cntnplex picture than 15 told by the national statistics and what's more it IS 2 hopeful story. The 100 tales include large and small city centres, towns and Yillages, streets and suburban centr¢ and out-of-town ccntres. They also includcd fi)ur case studies that werc not specifii loiations like Ikea aiid nine that were unline like Ainazon. For 81 of the cases the research was able to use data from Experian to lo(Trk at trends over the last ten years, supplemented with interviewss press reports and council cofflmi5sioned retail as.sessments. The ()verridiiigF m¢ssage in the book to b¢ published this summer hy RIBA Publishing) is that we don't have a crisis on the high street, we have had a crisis of bigr retail. The high stLeet has been the victim of tl)is and, while most town ccntrcs have sllrfered as fl&gship stores have closed, many are bouncing back as independent businesses and leisurc uses take their place.'I'he town centres that are doiiig best are those that have a good mix OF retailer.% and uses rather than being reliant on multiples. By encouraging diversity? tackling VaLancy> and building in resilience we can create the canditions for the high street to heal itself. 38 Alumni Awards, Honours and Achievements A sclection of the alumni appi)intmentSy publicarions, honour5 and pcrsistent high inflation, a rapid increasc intere.qt rates and a cosi-of-living cri5i5. F,quity and bond Inarkets suff¢r¢d sharp correction5, With tlie MSCI ACWq Index down S.1 /0 across the year and the Bloomberg Barclays Global Aggregare Index down 16.7 /0 for rhe calcndar year. Against thiq haclidrop the C,ommission achieved a total return net of fees of appruximately-8.9 % 12021- 10.2 /91. The Commission's portfolio is invested by three investment mJnaEers'. Schroder & Co. Ltd. Charles .£tanley & Co. Ltd and JP Morgan Asset ManabT¢ment IUICI Ltd.'fhe Coiniiiission also has dsrect propcrty holdings on its legacy estate in.South Kensingron. The as5e( allocation of the combined portfvliu as at 31 Decembcr was 70.7 /u in global cquitief, 4.9 /0 in listed alternative assets, 9.2 / in cash 2nd bond5 and 15.2 /0 in the legTacy estatc lat the end oE2021 che proportions wcrc 75.4 /., 3.1 /0, 8.8°/o and 12.7 /n respectively). Schruder t£ Co. Ltd and Charles Stanley invest glob211y> prcdoEninately equities and returned -9.1 % 2nd -15.6 % respectivcly12021: 11.8 /u and 11.7 /4) respectively). JP Morgan Asset ManagFement IUKI Ltd manage a short duration bond account and returncd~2.6 /.12021.. 0.8¥.1. The directly held property returned 0.9 /012021: 7.6 /ol rental income DE £528,99112021.. £594,2691 compensating for unrealised losses on revaluatii)n af £175,00012021: unrealised blains uf £1,213,61171, the latter reflectiiiB the difficult small office market. Managers are aslced to mcasure the carbon emissions of their portfolios. As at the balance sheet date, companies Lumprising the segregated eqiiity poi'tfolio, managed by Schroder & C.n, had a carbon footprint of.3,866 ronnes of C0212021: 1,601 tonnesl vs thc MSCI AC World ITIIII USD of 7,990 toniics of C,0212021.. 8,792 tonne81. The increasc (IVCI. the year was acrriburable t() a paTticular investinent in the tnateri21s industry? It is worth noting that this cnmpany ha8 ambitious absolute emi55ion% rLduition iargets foi. 2030 verifieLi by tli¢ Sii¢iice 15ased T2fbTets Initiative and tl)cir 2050 carbnn redL]Ction roadmap is aligned with thc gc)al% ()f the Paris Agireement. Charles Stanley have estimated that the carboii intensity Il. C.0 EI$M sale.sl of the companie5 in the underlying ETFS was 131.5 versus their index of MSCI Woild ILTI.-1148.2 T CoikJ$M Sales. Cumparxcive numher.% for 2021 are not 2V2ilable. 44 Long term Performance vs iFtvestFiicnt objective The investment nbicctive is to achieve at least a 4 % real return nver the long rerm. The annualised rcal return over the past ren year% ha.4 been 4.9 1. lannualised nominal return 8.5 /1Il, in line with the ()bjeLtive. HibTrh inflation LFiving the Coiiimissioners the ability to spend the funds as they wish in fulfilTnCnt ()f thc charitablL' objL'LtIVLS of thL C"ommissi(Iii. Noiic i)f the futhds arc in ak%Lt.¥ that cannot readily be realised. In order t() balance the needs uf ¢urr¢nt and potential future beneficiaries of tlie Lharity} tlie C.ominissioners recognise thc need tn maintain a strong capital ba%e 40 as to deliver an qppropriate level of return to enable the Commission to continue to fulfil its charitable objcctivcs on A long-tcrm basis. Accordinglyy all of the Commission's fund5 ar¢ invested in line with the iiivc5tment policy described abovc and normal expenditure cnmmitments are ser to match the assumed average return above inflation delivered by tlie PUEtfolio. 45 G5vcn the Cummission's flexibility to spend capital if required, the c.ommissioners do not consider that rhere is any tnerit in identifyiiig an optimutn level uf free reserves that might be readily available if requircd bu¢ will Lespond appropriatLly tn 4pending need& identified ay anLI wher] Lir¢umstanLes arise. The Commission's Auditor In 2008, Muvre Kingst(In Smith LLI) was appointed the Commission's auditor followin% a competitive tender. The audit partncr Tneets with the I￿]na]Ice Committee at least onLe each year. In tlie interests of good governance, the audit manager changc5 at Icast cvery fivc years and the audit partner at least every ten years. Statement of Commissioners, Responsibilities The Commissioners are rcsponsil)le foi. preparing the Tru.5tces' Report and the financial statements in accnrdance with applicable law 2nd United Kingdom Accounting Standards (United Kingdom CJenerally Accepted Accounting Practice.} The law appliLable ro Lhariiies in F,ngland and Wales requires the Commi55ioncr5 to prep the information given in thc C()mmis%inners' Annual Report is incon5iStent in any material respect with the financial statements. or the charity has not kept adeq112te accounting records. or the financial statLment8 2re not in agrcemcnt with thL acc()untinE re¢nrds and retumq. or we havc n(Trt reLeived all the informaciun aF)d explanations we required for our audit. Responsibilities olConin?issioners As explained more fiilly in the C,onimissi<)iier.4' respi)nsihilities statement ser out on page 46, the Commissiuners are responsible for the preparation of the financial statement% and fi)r heing sati%ficd that they give a true and fair view, and for such incernal control as the Lommisstoner5 determine is necessary to enable the preparation of financi1c I statements that are free from material misstatement, whethcr due to fraud or error. In preparing thc financial gtitcments, thc C.(Jmmissioner.s arc rc.4ponsiblc for ass¢%%ing the charity'.4 ability to continue a$ 2 goinbi concern, disclosing> a5 applicablc, matt¢rs related to going concern 2nd using the gning cnncern basis of accountingF unless the Commissioners either intend ro liquidare the charity or to cease opcrations, oi. have no re21istic alternativc but to do $0. Auditor's i'espnnsibilities for theaudil of th¢. fiiiartGE£zlstaÈemexts We have been appuiiitcd as auditur uiider sectioii 144 of the Charities Act 20112nd report in accordance with regu12tions made under section 154 of that A¢t. Our ()bjLCtives are to obrain rc'as()nablL' a4suranLL' about whether the financial.%tatcmcnts as a wholc are Fl'ee from material mi5Statement, whether due to fraiid or error, and tu issue an auditor's report that iiicludes our opinion. Reasonable assurance is a high level o1288urance but is not a guarancee that an audit conducted in accordancc with1SAs IUKI will always detect a niaterial niisstatement whcn it exist.8. Misstatements can arise from fraud or error and ¢lre considered material if. individually or ag£Legate, they could rcasonably bc cxpe¢ted to influence the economic decisions of users taken on the basis of thes¢ financial statements. IrrebFularities, including (raud, are instances of non-compliance with law.% 2nd regiilations. We design procedures in line with our responsibilities, outlined abuve, to detecr material misstateinents in respect of irrcgularities, including fraud. The extent to which our prottdures are Lapabl¢ of detecting irregularities, including fraud is detailed below. Explllglation as to what extent tbei7Hdit was GonsidL?red capable ofdetectllZST irYesyulari¢ies. Eiicludipzg fraHd The objective5 of our audit in respect of fraud, arL'. t() identify and assess the risks of material ITIISStatemen¢ of tlie financial statcments due to fraud,. til obtain sufficicnt appropriate audic evideiice regJardiF)g the assessed risks of material misgtatement due to fraud, through dcsigjiins and implcmenting appropriate respon.%e.% to th<)se assessed risks. and to respond appropriately t(Tr instanLes Lif fraud or SU%PCLtcd fri£ ud iilentifiLd during chc audit. How¢vLr, thL piim.1ry rLSP()n.¥ibility f()r the prevenrion and detection uf fraud rests with both management and those charged with governance of the charity. 48 Our approach was as follows: We obtained an understanding of the legal and regulatory requirement5 applicable to the charity and L()nsidered that the must significant are the Chariries Act 2011, the Charity SORP, and UK financial rcportin% standards as is%ued by Ihe binaiiLial ReportinLTr CounLil. We ol)tained an under5tandinLi OE how che charity complies with these requiretncnt5 by discu55ions with management. We as8esscd thc riNk of material nJis%tatement ufthe financial statements, iriiluding rhc i'isk of tnaterial misstatement dueto fraud and hijw it might occiir, by h()Iding discussions with tnanagement. We inquired of mana¥cment and rhuse ¢harLFed with ¥overnance as to any known instAnces of non-compliance or suspected non-c()mpli2nce with laws and rebFulations. BasLd on thi% undLr.%tanJing) we dL'.4i¥n¥d speLifiL appropriate audit pruLedures ro identiFy instances of non-Lompliancc with12ws and regulations. This included malcing enquiries of niana¥¢ment and obtaininbF additional corroborative evidence as required. A5 part OE an audir in accordance with ISA5 IUKI we exercise professional judgement and maintain professional scepticism throughouc the audit. We also.. Identify and a&ses5 the risks of material niisstatcfflcnt of the financial statcmenLs, whcther due t() fralld or error, design and perform audit piocedure& responsive to those risks 2nd obtain audit evidencc that i.%.%ufficicnt and appropriate ro providc a b1¢ Nis f(Trr (Trur opinion. ThL' ri%k c)f noc detecting a material misstatement resulting from fraud ]% hi%her than for one resulting from error, as fraud may involve collusion, forgery? intentional omlssions, misrepresentations, or the (Trverride of internal control. Obtain an understanding of internal control relevant co the audit in order to design audit procedures that are appropriate in the circum$tanc¢s, but not for rhe purpose5 of expressing an opiniiTrn on the effect2venesg of the charity's internal control. Evaluare the appropriateness of accounting p(Jlicies used and the reasonableness of accounting estimates and related disclosure5 tnade by the Conimi5sioncrs. Conclude on the appropriaten¢s5 of the Commi5.sioners' use of the going concern bagis of accounting and, based un the audit evidenc¢ obtained, whether a material uncertainty exists i'elated to event5 or conditions that may cast significant doubt on th¢ Lharity's ability to Loiitinue as a goingT conc¢rn. If we conclude that 2 material uncertainty exists we are required to draw attention in nur auditor's report to the related di5clo&ures in the financial statements or, if such discl()sures arc inadequate, to modify our opinion. Our conclusions are based on che audit evidence obtained up to the datc of our aLJditor's report. However, future events or conditions may cause the charity to cease to continue a5 a going concern. Evaluate the overall pr¢sentation, structure and content of the financial statements, including the disclosures, and whether rhe finanLial statements represent the underlyin£ transactions and events in a manner that achieves fair presentation. We Communicate with thi)se charged with gyovernance regarding? aniong other mattcrs, the planned SCOP< 1nd timing of the audit and si£nificant audit findings, including any significant deficiencies in internal control that we idei)tify during our audit. Use ofour report This report is made solely ro thc Lharity's Cotntni55ioners. a5 a body) in accoLdance with Chapter 3 Df l)art 8 of the Charities Act 2011. Our audit wnrk has been undertakLn so that we might state to the charity's Coinmis5iuners those n)atters we are requircd tn state to them in an aiiditor's report and for no other purpose. Tn the fullest extent permitted by law, we do not acccpt ur assume responsibility to any party uther thai) the charity aiid charity's c.ommissioners as a body. for our audit w(Trrk, fvr this report. or fur the opinion we Iiave formed. ./?/¥ Statutvry auditor 2 Appold Street, L<)ndon EC2A 2AP Moore Kings¢an Smith LLP is eligible tu act as auditor in term5 of Section 1212 oEthe Con)panies Act 2006. 49 Royal Commission for the Exhibition of 1851 Statement of Financial Activities for the Year Ended 31 December 2022 Unrestricted Funds 2022 Unrestricted Funds 2021 Notes Incom¢ from: Duiiations Investments Othcr 3,300 2,386,031 4,217 3,000 2,256,608 58 Total income 2,393,5411 2,259,666 Expenditure on: CT¢nerating funds Clialitable activities 799,328 5,470,448 643,883 4,538,642 Total expenditure 6,269,776 5,182,525 Net expenditure before gains and losses investments 13,876,228> 12.922,8591 Net gains I110ssesl on investments 11.ossesl / gains on property ILossesl18xins on investment5 1170,9001 115,619,781) 1,213,607 13,616,698 Total of net gains / Ilossesl on investment5 115,790,681) 14,830,305 Net lexpenditurel l income 119,666,909) 11,907.446 Other i'ecognised gains and1055¢5 Actiiarial gains I11()sstsl 011 defined benefit pension scheme 14 13,1)87 1.3,4.321 Net movcment in funds 119,653,822) 11,904,014 Reconciliation of funds Total Eiinds broiighc forward Net movement in fuiids 150,029.559 119,653,822) 138,125,545 11,904,014 Total funds carried forward 130.375.737 150,029,559 The notes on pages 53 to 71 forin part of these accouncs. Notes 1-2 proyide detalls of the Cotllfni55ion's objecciv¢s aCCOLinring policies. .50 Royal Commission for the Exhibition of 1851 Balance Sheet as at.31 DeLember 2022 Total Funds 2022 Total buDd5 2021 Notes Fixed asset inyestments Investment properties List¢d iiivestments Lash held as part of the investment portfolio 15 16 20,765,350 112,-318.792 3,672,152 20,940,350 133,023,295 1,501,182 136,756,294 155,464,827 Current assets Debtors Cash at bank And in hand 17 377,919 1,300,378 404,829 1,577,7118 1,678,297 1,982,617 Liabilities Creditors- Anioui)ts falling duc within one year 18 14,595,362) 14,070,791) Net Current liabilities 12,917,065) 12,088,174) Total assets less current liabilities 133,839,229 153,376,653 Crediturs.. Amounts falling due after more than one year 18 13,106,492) 12,948,094) Net as5et5 excluding pension liability 130,732.737 150,428,559 Defined benefit p¢nsion SLIIL'ML liability 14 1357,0001 1399,0001 Net assets 1.10,375,737 150,029,559 The funds OE the Charity: Capical Funds Balance as at l January Movement in year 150,029,559 119,653,822) 138,125,545 11,904,014 Balance a5 at 31 D¢cember 130,375,737 150,029,559 ed by the Commissioners on 5 July 2023 and signed oji t behalf by.. Ms Sandi'a Elobei'tso Chairinan, Finance C The notes on pages 53 to 71 Eorm part of these account5. Mr John Lavery mmittee Royal Commission for the Exhibition of 1851 Statement of Cash Flows for the Year Ended 31 December 2022 Total Funds Total Funds 2021 2022 Cash flows from op¢rating activities Donations received Icxcluding donations in kindl Grants and awards paid Payments to suppliers l)ayinents in respect of employecs Other paymeiits 3,300 14,093,117) 11,033,626) 1346,5941 124,6381 .3,000 14,310,580) 11,030,464) 1324,1981 124,5701 Cash used in operating activities 15,494,675) 15,686,812) Cash flows from investAng activitics Dividends, interest and rent from investments Proceed5 fruTn sale of investments Purchase of investments 2,299,721 20,366,979 115,278,4651 3,063,600 24,220,420 120,639,072) Net provided by invesiing activities 7,388,235 6,644,948 Change in cash and cash equivalenis in the reporting period 1,893,560 958,136 Cash and cash equivalents brought forw2rd 3,078,970 2,120,834 Cash and cash equivalents carried forward 4,972,530 3,078,970 Disclosed as: Cash held as part of the investment portfolio Cash at bank and in hand 3,672,1.52 1,300,378 1,501,182 1,577,788 4,972,530 3,078,970 52 Royal Commission for the Exhibition of 1851 Notcs to the Financial Statements for the Year Ended 31 December 2022 I. STATUS AND OBJECTIVES "rhe C.atnmission far the F.xhibition of 1851 was set up by Royal Charter in 1850 to plan and piomote the Exhibition of Works UE Industry OE all Nations, which wa5 to he hcld in l.()nd(>n in I11.Sl. Wlit'n thL aff2ir5 of tl)e Great Exhibiri(>n had eventually b¥en wuund UPJ rhe CoiDryiissioncJ's wtre appointed, Linder a ,Supplcmcntal C.harter, as a permanent body to administer the surplus funds at their dispusal. These were to be applied in order to "increase thL mLgns OF industrial eduLcltion and ¢xtend the influenLe of SLienLe and art upvn prvduLtive industry" 2. ACCOUThmNG POLICIES Thc accounts are prepared under the histori¢ Cobt convention, modified by the revaluation from timc tu time of certain fixed asscts, and in accordance with rhe Financial Rcporting Standard 2ppIiLable iii rhe UK aKJd IlepubliL of Ireland leffeLtive.lanuary 20151 IbllS11121, AcLounting and Reporting by Charitics.. Statement of Recommended Practice applicableto charities preparingy their accounts in aCCOLdanLe with the Fiiiancial Repnrting Stand2rd applic2ble in the UK and Republic ()f Ii'Llaiid ILFELLfivL.lanuary 20191 ISORIJI #nd thL CharitiLS Ait 21111. In the estii))ation of the tLUStees (the Commissioners), there 2re no Inaterial uncertainties th2t call into doubt the Commission's ability to continue and the acLollnts have therefore been prepared on a going concern basis. The Commission, lil given other uncertainties, discounting for the time value of money is not con%idered m2terial. the valuation of the dcfined F)cnefit pension schetne liability) which is based on actuarial assumptions aiid a profcssional valuation as sc¢ out in Nntc 14. the valuation ol future minimllm lease paytnents under non-canccllable nperating Icascs. whiih are disiouiited for inflation in accord2nce with Bank of England targets and ignore the potential vffL¢ts OE leasehold enfranLhisemeiits, as set out in Note 15. 3. FUNDS All che Commission's income 2nd capital is expendable at the discretion of the Commissioners and 15 thercfore.4hnwn as a single unrestriLted fund. The Coininissioners have desihFnatcd part of the unrestricted fund as a.Spccial Projects Fund. It is anticipated thi5 will priTnarily be used to fllnd 2Ltivities in cunnection with the 175th Annivcr5ary of the Great Exhibition in 2026 and the transition to net zero. Movements on the designated fllnd are disclosed in Note 20. 4. DONATIONS The Comniissiun received doiiations from The Traculty of Royal D¢sigiiers for Industry and The Rnyal Academy of F,ngineering. In each case the donati()n is for the greneral charitable purposes of the Commissioii. Some of the donation.s werc made with an expressed wi.sh rhic t they bc used to support the activities ol the Sir Misha Blacli Awards Committee. These donatiojis werc used to part fund the ceremony held on 12 OLtnber 2022 at which the 2022 Medal and Award were presented. One of thc doIiatians was snade with an expressed wish that it be used to support an event bringing rogechel scientists.Ind designers.'fhi5 donation was used to part fund a collaborative evcnt held at the Victoria and Albert ML]seiitn in March 2022. Thc Cutnmissioners are very grateEul to each of thc dtTrnor5 for their support. .57 Royal Commission for rhe Exhibition of 1851 Notes to the Financial Statements for the Year Ended 31 December 2022 5. INVESTMEwf INCOME 2022 2021 Rcntal income from UK properties Income from managed investments Interest on cash deposits 528,991 1,847,680 9,360 594.269 1,642,026 20,313 2,386,031 2,256,608 6. OTHER INCOME 2022 2021 Licence incume 4,217 58 4,217 58 7. COS[ OF GENERATING FUNDS 2022 2021 Investnient managFement fees Property managemenr fees Legal Eees Write offs Allocated support cnsts (note 111 542,701 61,185 .12,4351 104,183 58,821 549,091 33,130 8,226 53,436 799,328 643,883 8. CHARtfABLE ACTIVITIES AIIoc21ed Direct support Grants costs Costs (note 91 Inotc 101 Inote 111 2022 2021 Fellow.%hips and 5tudentships STEM edL]Catioii aiid outrcach ,Supporr for legacy c5tate Archives and alumni relations -1,-354,327 147,628 169,329 3,671.284 3,839,642 189,060 161,712 65,475 416,247 .3.32,484 1,190,000 43,917 65,475 1,299,392 294,351 17,849 65,676 83,525 72,165 4,733,387 371,106 365,955 5,470,448 4,5311,642 -f8 Royal Commission f()r the Exhibition of 1851 Notes to the Financial Statements for the Ye2r Ended 31 December 2022 9. GRANTS AWAIIDED (a) Fellowshtps and sthderttships 2022 2022 2021 2021 Re5car¢h bellowships Industrial Fellowships Indiistrial I)¢.￿[￿n Stiidentships Built Environment l•ellowship De.sign Fellnwship Regenerative l)csign Fellowships Enrerprise Fellowships Sir Misha Black Awards Bursaries 1,027,845 1,312,595 437,789 21,.598 loo.000 200,000 250,000 4,500 io 13 li 1,490,400 1,165,435 466,506 100,000 io 13 3 12,500 20,UOO Total Eellowships and studentships 41 3,354,327 43 3,554,841 All of the fellowships and S￿dent$h1p.S were awarded to individual.4, The Annual Reporr includeg more iiifui'mativn ()n the Awards graiit¢d, including where relevant details OF cach of the institutions at which individual recipients are carrying out their studies I research. -59 Royal Commission for the Exhibition of 1851 Notes to the Financial Statements for the Year Ended 31 DeLember 2022 GRANTS AWARDED Icontinuedl (b) .STEM education andoutrehcb 2022 2021 MadcH¢r¢Now-Website dev¢lopn]ent Smallpeice Trust- General EngyineeriiigTr course Well Norih Enterprises- STEM development in Rotherhatn aiid Liverpool Somerscience Trust- Somer5cience bestival W()Mars- STEM outreach Royal Designers for Industry- Summer Schools EDT- R()utc% int() %TEM / Virtual S'l"EM work experience Royal Society of Chernistry- Steps into Science National Literacy Trust- Linking literacy and STEM careers Education and Training Foundation- Technical Tcaching Fellow.%hips Wellington Trust- Truture niaritime engineers Icids Invent Stuff - Mini YouTube S'I'EM Inusical All Party Parli2mentary Engineei'ing Group- Me¢ting spnns(Trrship STEM LearniThg- Involviiig 185 l Fellows in primary STEM ourreach In25cienceUK- Engineerin8 research module l Alumni progratnme 2,000 10,000 75,000 15,000 I,noo 92,500 14,060 10,186 15,000 18,648 112,500 15,460 5,000 5,000 14,875 7,850 209,560 120,5001 204,519 14,6801 Less: Past awards written b2ck where not utilised in full 189,060 199,839 All of the STEM eduLation and outreach grants wcre awarded to institutions12021.. all of the STEM educatioii and uutr¢ach granrs were awarded to institutionsl. 60 Royal CommissÈon for the Exhibirion of 1851 Notes to the Financial Statements for the Ye2r F.nded 31 December 2022 9. GIIANTS AWARDED Iconiinuedl (L) Supportforlegacy estate 2022 2021 Natural History Muscuin- 1851 Garden Royal Horticultural Sockeiy- Pl.Ints for purpose Exhibition li(TrJd Cultural Group- SoutliKenZen+ Exhibition Road Culture Group- Art installati(In on Exhibition Road I South Kensington Cyreen Trail Royal College of Art- Open resource for purposeful design I The empathetiL engineer Royal Gcographical Society- UpgTradinu l Kensington Gore 500,000 300,000 350,000 25,000 30,000 15,000 13,500 155,200 1,190,000 198,700 13,0001 l£ss: Past awards written bacli where iiot utilised in full 1,190,000 195,700 All of the gr2nts in support of thc legacy estate in both 2022 and 2021 were awarded t institutions. fd) Archives and alumni relations No awards were made in this category in 2022 or 2021. In 2021, £1,593 of pas¢ awards were written back where they had not been utiliscd in full. There were nn further writebacks in 2022. In total, 13 grants w¢r¢ made to institutions and 41 to individual$12021.. 12 grants to institutions and 43 to individuals). 61 Royal Commission for the Exhibirion of 1851 Notes to the Financial Statements for the Year Ended 31 December 2022 10. DIRECT COSTS r40thtXI co rry o* 62. Royal Commission for the Exhibition of 1851 Notes to the Financial Statements for the Year F.nded 31 December 2022 11. SUPPORT COSTS a) ￿)￿rn￿O*r4c f44￿￿￿￿￿)M(*) criT*￿V4 r￿￿ Nr4 rrymN 'a oor￿ iri o￿tr)￿ kooo oin D￿c¢M WOC ocn o¢oc OtNo r￿1￿￿0 63 Royal Commission for the Exhibition of 1851 Notes to the Financial Statements for the Year Ended 31 December 2022 12. GOVERNANCE cogrs 2022 2021 Audit fees lincluding VATI c.urrent ye2r I)rior year under / lover) accrual Act112rial fees Consiilrancy fees Annual report Meeting cogts Cummissioner rccruitment costs 13,800 460 2,040 3,600 1,861 15,026 4,020 11,000 480 1,800 1,801 13,242 40,807 28,323 13. STAFF COSTS AND RELATED PARTY TRANSACTIONS 2022 2021 Salaries linLluding benefits in kindl Employer's Nl Pension contributions Staff rL¢ruitmLnt Training and developtnent 240,561 23,238 34,889 232,682 21,874 25,649 2,956 1154 881 299,569 284,015 The average number of employees during the year analysed by function was.. 2022 2021 Sllppott and administratio Archive The full.time equivalent numki. of employees during the year analysed by function was.. 2022 2021 Support and administration Archive 64 Royal Commission for the Exhibition of 1851 Notes to the Financial Statements for the Year F.nded 31 Decernber 2022 13. STAFF COSTS AND RELATED PARTY TRANSAcfioNS Icontinuedl No employees earned more than £60,00012021: one employee earned between £IOO,000 and £IIO,000- nu pcThsion contiibutiotis were paid in respect ()f this employee). Commissioners do not receive remunerarion. During the year re-imbursetncnts were made ro rhi'¢¢ Lommissir)iiers in Lespeit of travellins and other expenses totallin% £9.5412t121.. rn five C.ammissioner5 tutalling £1,512). One Commissioner rec¢iYtd an honorarium of £600 as a member of the Science and Engineering Fellowships Ci)mmittee in recognition of specialist services pr(Trvided in a5SCSsing potential candidates12021: no Comtnissi()ners received an honorarium). The total amount paid in respect of key management pcrsonntl li.e., the OLltgoing Secretaryy incoming.Secretary and Finance Director), including employer's national insurance and cmployer pension contributions, wa5 £194,51912021: £180,236). There were no other related party transactions during the year12021: none). 14. PENSIONS AND OTHER LONG-TERM EMI)LOYEE BENEFITS All currcnt and ncw membcr.s nf staff are cligihle to join a pcr.4onal pension schcme of thL'ir choice with the Commis5ivn contributing 15 /0 of salary12021.. 15 /0 of salary). There is no rcquirement for emplnyee contribution5. Staff niay opt to sacrihL¢ some of their salary in return for an additional employei conrribution. F.mployer concributions of £34,88912021- £25,6491 were made in the year of which £82012021.. £781 I w¢re outstanding at the ycar-end. There were no prep2id contributions ar the year-end12021; £nill. All current and new member5 of staff alsu benefit from an unfunded / uniiisured death in 4Lrvice scheme under which the Commissioners lat their absolute discretiotLI may pay a numinated benefiLiary a luinp sutn equivalent to l 8 months, 8212ry if an empl(Tryee dies while etmployed by the Commission. No liability Eor the Scheme is recogiiis¢d in the accounts as Commissioners do not believc tliere is any sensible way to esritnate the liability. Actuarial Lalculatkon5 based on assujnptiuns ioinparahlc to those used in valuing the defined benefit pL'n.4i(Trn li2bility (see belowl suggest that any liability in respect of the death in service scheme would in any case be immaterial. All current and new meJnbers of starf also benefit from a Group Incamc Protection policy with Canada Life which c(Jver.s basic salary and peiisioii Lontributions Eor stiff unable to work due to long rerm illness. The Commission operates an unfunded pcn.4ion scheme in the UK Ithe'SLhen]e'l. The Schcttkc is ai) unregistered, non-contrihutory defined bencfit schcmc. A.q the.Scheme 15 unfunded, no contributiunli are paid by the Commission, othcr than tu meet benefit5 a5 they fall due. As no tri¢nnial valuations are cari'ied our, a valu¢lti()n is carried out at the balance slieet date each year by an iiidependent qualified actuary. The Schem£ w2s closed to ncw members on 14 July 2004. As ac 31 DeLcmber 2022, all six remaining membcr5 of rhe Scl)cm¢ are receiving a pension Ilnd there is no furthcr accru21 nf benefits. Therc is therefore no service Lost for th¢ year. The amuunt rccogni.%ed in arriving at net expenditure for the year 15 c1n expense of £7,23912021: £5,343) which is fully in respect of net interest on the net liability. 65 Royal Commission for the Exhibition of 1851 Notes to the Financial Statements for the Year Ended 31 December 2022 J4. PENSIONS AND OTHER LONG-TERM EMPLOYEE BF.NEFITS Icontinuedl As i'L'gards thc unfundcd, defined benefit pension scheme: TbePriii¢¢Pal asst4mPtions used by the acthary were., FRSI02 FRS102 Valuation Valuation 2022 l /tr p.a.) 2021 l°/0 p.a.) bi114rtaalassuinptions Gross investmeiit rcturn In-scrvice members Pre-retirement Posr-retirement Curre¥Jt pensioners Pensionable earnings increases Price inflation Pension increases Allowance fur administration expenses Deinograpbic assumPtioi¢s Mortality Pre-retirement l)ost-retirement NIA NIA NIA NIA 1.9% NIA 3.6 /. .3,6°/. 0.0 /. NIA 3.41. 3.4/ 0.0 /. NIA 101 /,1104 % S3PA CM120211 /. No allowance Noallowance NIA S3PA CM12020 1 /. No allowanLe No allowance 90/. 3 years younger than hushand Withdrxwal allowance Early retircment allowance Propurtion married Wife's age 90/ 3 y¥ars younger th2n husband The assumptions used by the a¢￿arY 2re h&8t estimates chosen from a range uf possible actuarial assumptions which, due to the timescale covered, may not Jjccessarily he borne out in pracrice. Value of.gcbeme assets lidbilities.. 2022 2021 Markct value of Scheme asset5 Present valiie of Scheme liabilities 1357,0001 1399,0001 5Lheine deficit Rclated deferred tax asset 1357,0001 1399,0001 Net liabil￿tY 1357,0001 1399.0001 66 Royal Commission for rhe Exhibition of 1851 Notes to the Financial Statements for the Year Ended 31 DeLember 2022 14. PENSIONS AND OTHER LONG-TERM EMPLOYF.E IIENEFITS Icontinuedl Movemertts ill tbeyear., 2022 2021 Scheme d¢fiLit at beginning OE year c.urrent service cosr Intcrest on obligation ALtuarial gain I (Ios510rt liabilities Benefits paid dircctly by employLr 1399,0001 1425,0001 17,2401 13,087 36,153 15,3431 13,4321 34,775 Scheme deficit at end OE year 1357,0001 1399,0001 'I'he intcre5t on obligation of £7,24012021: £5,343) is disclosed wirhin Support CVSts (note I I I while the actuarial gain liabilitles of £13,08712021.. loss of £3,432) is disclosed within Orhcr recognised gains and losses on the face of the SOFA. 15. INVESTMENT PROPEKI"IES AND OPERATING LEASES 2022 2021 lal Mtivements in value ofinvestMentProPert¢es Balance at l January Sales during the year Unrealiscd Ilussl Igain un year-end revaluation 20,940,350 23,345,382 13,680,032) 1,27.5,000 1175,0001 Valuation at 31 Dccember 20,765,350 20,940,350 The valuation as at 31 December 2022 shown abovc resulted from a full revaluation of the properties a¢.31 Deceniber 2019, undLrtaken by Cluttons LLP, Chartered Surveyors 2nd Property Consultants. Tli¢ valuatson was carried nut i)n an npen market valuc ba5i% in accordance with the KICS Appraisal and Valuation Manual and is bas¢d on existing usage and occupation of the land, and thc duration of leases at gruund and rack rents. In reaching the 31 Dcceniber 2022 Yaluatiorh, the value at.31 December 2019 has bcen adjusted, based on advice from Daniel Watney LLP, to take intu account moveinents in Ioc21 property tnarker indices, changes in estimatcd rental values, the deLreasinbi length of leascs and lease extensioii I leasehold enEranchisement claims received. All of the investment properties are locaied the UK. 67 Royal Commission for the Exhibition of 1851 Notes to the Financial Statements for the Year Ended 3 1 December 2022 15. INVESTMENf PROPERTtES AND OPERATING LEASES Icontinuedl Ibl Operatingleases- lessor 'rh¢ Cotnmission is entitled as laiidlord to income from invesrmcnt properties under operating leases. Truture minimuni lease payments under non-cancellable operating leases, discounted for infli1tinn, for each of thc following peri()d% arL f()11()ws: 2022 2021 Not later than one year l.ater than one year 2nd nor later than five years Lat¢r than five years 94,538 94,538 10,429,261 9,800,137 10,523,799 9,894,675 The C(Trmmi8sion's inve5tTnent pr()perties are let for periuds ranging up to 999 year5. All leases are on full repairing inguring terms. Leases of residential property are potentially subjLCt co leaseholcl enFranLliisc'nient. rhi5 has b¢cn ignored in arriving at thc ab(Trve figures. 16. INVESTMENTS 2022 2021 lal Movements tn listed investments Market value l Janllary Acquisitions at cost Disposals at cost Net Ilossesl I gains on revaluation 133,023,295 15,283,538 116,517,911) 119,470.1301 119,307,960 20,645,106 115,820,7881 8,891,C)17 Market value 31 December 112,318,792 133,023,295 Value at cost 31 Dec¢tnber 93,179,598 94,413,971 Ihl Geogropbic breakdow 2022 2022 2021 2021 Listed investments Listed investments Cash Cash In the UK Outside the UK 52,328,177 59,990,615 3,516,273 155,879 64,605,641 68,417,654 1,501.182 J12,318,792 3,672,152 133,023.295 1,501,182 All investments are listed on a recognised Stock exchange. -rherc were no individual holdings the market value of which is considered tn be material in the context of the portfolio as 2 whole. 68 Royal Conitnission for the Exhibition of 1851 Notes to the Financial Statements for the Year Ended 31 December 2022 17. DEBTORS 2022 2021 Rents receivable in h2nds of surveyors in arrear5 48,647 299,016 36,978 318,667 347,663 355,645 Other debtors Prcpayments Accrued incom¢ 338 29,918 9,844 28,871 10,469 377,919 404,829 18. CREDrroRS 2022 2021 Amounts falling due within one year Grants payable Other creditoi's 4,379,636 215.726 3,895,445 175,346 4,595,362 4,070,791 2022 2021 Analysis of other creditors Investfflent maiiagcm¢nt fees Property management fees Audit fees Other legal and professional fees Others 134,891 8,400 13,800 17,5118 41,047 106,558 19,7.33 11,000 9,309 28,746 215,726 175,346 69 Royal Commission for the Exhibition of 1851 Notes to the Financial Statements for the Year Ended 31 December 2022 18. CREDITORS IcontlDu¢dl 2022 2021 Amounts falling due afier more ihan OD¢ y¢ar Grants payable 3,106,492 2,948,094 Duc in ()ne t() two years Duc within two to fivc ycars 2,188,881 917,611 2,040,027 908.067 3,106,492 2,948,094 The analysis oEgrants payable by award is as follows Period of commitment 2022 2021 Award ellowships and studentships Research Fellowships Indk]Strial fellowships Industrial DesiLTn Studentships Built F,nvironment Trellowships Design Fellowships Regenerarive De5ibTn Felluwships F.nrerpri5e Fellow.8hips Sir Misha Black Award Bursaries STEM education and outicach Supporr for legacy estate Archives and alutnni relations 3 years 3 years 2 years 2 years 2 years 2 years l year l year l year 3 years l year 3,139,121 2,030,084 369,398 55,000 165,000 155,000 62,500 6,500 238,325 1,265,200 3,099,479 1,595,090 .339,645 58,402 142,500 187,500 342,932 1,410,050 26,500 7,486,128 6,843,539 19. FINANCIAL INSTRUMENTS 2022 2021 Carrying amount of financial assets D¢ht instruments nicasured at amortised Lost Idebtors excluding prepayment51 348.001 375,958 3411,001 375,958 Carrying amount of financial liabilities Measured at amortised cost 7,701,854 7,018,885 7,701,854 7,018.885 70 Royal Commission for the Exhibition of 1851 Notes to the Financial,Statements for the Year Ended 31 December 2022 20. FUNDS Administrative Inf()rmation Structure, Governance and Management "rhe Conimission is constituted as a limited company iiicorpr)rated by Royal Charrer. Irs governing doLuments' are the oribFinal Charter dated 3 January 1850 and a Supplemcnral Charter datcd 2 December 1851. The Commissioii may Liave up to twelve trustees, known as Royal Commissioners, at any one time, who t()gecher constitutL the Board of ManagJetTrent. which meets formally rwice a ycar. Commissioners ar¢ chosen to bring wide expcrience in areas relevant ro the CoTllTniSSi()n's work- sLience, engFine¢rinLI, industry? de5i£n, arLhitectuie and financc. To maintain an appropriate balance of skills, Commissioners norTnally qerve for 10 year5, and Commisgioners theinselves identify pussible siiccessors, who may serve on a committ¢¢ pri()r ta elertion. Following clcction by the Board of Management, Commissioners are only appointed with thc approval af the President. All other committees are advisory in remit, are subordinate to the Bnard of Management and report to 1¢, and all comtnittee Chairmen are Commissioncrs. Ad hoc committees may be formed f(Jr limited periods and spc¢ifiL purposes. Any COTnmittee other than the Board of Maiiagemei)t may have non- Commi55ioners as men)bers sul)ject to the wishes of rhe Chairman of that committee. All comtnittees, except ad hoL Lomniittee5, meet at least once annually. All committees are serviced by the Sccrctary and, where appropriate, by rhe Finance Director. The Si'Lretary also pruvides full briefing and inductioii pro£rammes for all new Commissioners and committee meml)ers when appoinred. As part ul (his introdiiction Commissioners are provided with 2 Goveriianc¢ Book conr2ining full dctails uf the commi.8sion's history) role, Strategy, prncedures and Cotntnissioners, responsibilitlcs, a5 well as the relevaiit Charity Commission guidance for trustees. During their renure, further opportL]nitie5 fur Cummissioners to develop their Icnowledge of ar¢a5 relevant to th¢ Commission's activities are providcd as apprnpri2re. Day to day running OF the commi.ssion i4 delegated to the Secretary) assisted by a small staff team. Matters of strategy> and all grant5 greater than £5,000, are decided by C()mmissioners. Full details of C,ommissioners and Committee memhers in post during the year. as well as the small staff team, are provided on paE¢s 74 to 76. Details of thc C,ommission's professional adviser5 are provided on page 77. Remuneratlon Commi55ioners #re not remuneratvd in theiL role as trustees OE thc charity ancl do not receive benefits other than reimbursement of cxpenses incurred in attending meetings. In order to tnaxitnise funds availablL for grant making) Commissioners are determined to keep staff numbers and a8%ociatcd officL CUStli ti) a minimum. To attraLt and retain experienLed staEE of thE rikht calibie. however, Coniiiiissionerg recognise the need tQ 5¢t salaries in line with those for other grant- Inaking chariiies in the London area, based on sector benchmarks and other publicly available dar2. Salari¢'s For 211 staff, inLludiJi% kLy m2nagcment PLrionnel, arc rLviewLd annually by tliL c.hairman ()f the B()ard and tlie Chaii'man of the binance Coinimittee as part of the pcrformance appraisal process. l)ay award% are dcpcndenr on perfortnanLe and set based on increase5 in the cost of living and average salary incT¢aSes for the sector.'fhere are no automatic increments and nn bonus scheme. Comtnissioners recogni8e the importaiice of hclping employees make adeqiiate provision for rerirenient. All en]ployees are thcrefiire eligible to receive a I S /1> einployer pension contribution to rhe pensiun.%cheme established fvr auro-enrolment purposes or a personal pension of their choice. All cniployees a150 benefit from a (Jroup IncomL Pr()tection poliLy that will Lover basic salary and pension iontributions if they are unabl¢ to work due to long-term illness. At their absolute discretion, Commissioners may pay a nominated beneficiary a lump sum equivalent to 18 months, salary if an employee dies whilc etnpluyed by the Commissi(In. All employees are also entitled to) an interest free scason tickct loan. All of the abvve benefits are available to all cmployees, including key management p¥rsonncl. F.mplr)yec.s do not I'eccive any other benefits. Rislc Policy In discharging their respon.sÈhiliries f(Jr the managemcnt of risk, it is the policy of the Commissioners to id¢ntify. analyse and seek ro manage any risk5 tu the abiliry of the Commission to carry out its role effcLthVLly and meet the obligations of its Iloyal c.harter. To rhis effect the Commissioners have given consideration ro the major risks to whiLh the C,ommission is, or may be, exposed. A full risk registcr has been drawn up, which 1.% reviewed rcgularly. Insurancc brnkei's havc bcLn appointed t(} aclvisL (In arcas whcre rilk Lan bc cFfcctivcly miti¥ated tlirou¥l) iiisurance. Compli2nce risk5 are mitigated through taking and followin appropriate professional advice. The main remaining arcag (Trf strategÈc and operational risk and the steps taken to address them are sutnmarised bel()w. lrtvestmeitts.. sÉcurity, Performance, liquidity The Commission hag a diversified portfnlio, both in terms OE investments held and managers appointed. It l)as adupted iiivc5tment and disbursement palicics designed ro maintain the real V21ue nf th¢ pnrtfolio TrVLr timl and h¢iiLL thL Support available to currcnt and futiire bcncficiarie.4. %ufficicnt liquidity held ()utsidc the portfolio ti) tneet sh(Irc term ¢rTrtnmitmLnts. C"ommis.4itTrners have delegated review of iiivc5tment performance to a Finance c.ommittee compribing individuals with relevant experrise. Grant #takiizg.. fipplicatioiis, &ssessmeiit. admiilistrutio Commi55ioners have appointed specialist cnmmittees tu review fellowship applicatioiis, work closely with other orbFanisations active in the STEM arena ro avoid unn¢cessary duplication or adminsstrarive effort and h¢1ve appoinred a Lommunicati0115 COtnp2ny to assist with marketing of the awards to eiisure they are hrnught to the attentinn of eligribl¢ recipieiits. Cummissioners regularly seek feedback from potential applicants and other stakeholders to ensure the awards rettkain relevant. Legdcy estate.- cbol'octer, experienie, relevance Commissi<)ners take an active interest in the estate, ￿ck to facilitate Tel¢vant Initiatives across legacy institutiuns and pi'ovide financial support whci'L possible to ensure the esrate Lemain5 a beacon of ¢xcellence and inspiratioth iii the worlds of sciencc, ensintering and design. 73 Commissioners and Committee Members President HRH The Princess Royal Commissioners land Board ()f Management) Thc Rt Hon lJrofc55or Lord Kalikar KBE PC Fmedsci Cbairman, Bofird vf Mdiiagyeinent ProEessor Jiin Al-Kh#lili FRS FlnstP Prolessor Dame Ann Dowling OM DBE bREng FRS MrJim F,yrc OBE Professor Sir Andrew Hopper CBE bRS bREthg FJET Professoi. Lord Mair C.BE HoiiDSc FREnbi FICL R,'K5 Dame Alison Niniiiio DBE MRTPI FRICS HnnFRIBA FICE Ms Sandra Robertson Professor Dame Carol Robii)s()n DBE FRS FRSC Trmedsci l)rofessor EleanDr Stride OBE FRF.ng HonFIET Professor Lhris Wise RDI I￿REng blCE MIStructF. HonFRIBA FRSA "rhe Rt Hon Professor Lord Kakkar was appointed to the Board on 2 February 2022 Professc)r Eleanor Stride was appointed to the Board nn 6 July 2022 Profes%or Datne Kay Davies retired (rom rhe Board 6 July 2022 Mr Bernard Taylor retired from the Board on 8 December 2022 Ex Officio Commissioners The Lord Presidenr of the Council Th¢ Fir.st Lord of th¢ Treasury The Chanccllor of the Exchequer The Secretary State fur ScienLe, Innovation and Techiiology Thc SECI'Ctary of .statc fr)r the F.nviroiimcnt, Food and Rural Affairs The Ilresidcnt uf the Institiition of Civil F.nginccrs Thc President of the thological Socicty Finance Committee Ms Sandra Robertson Cbaiyman Ms Sarah Arkle Profess(Trr.Sir Andrew H()pper CBE FRS 14REng blbl" Damc Alison Nimmo DBE MRTPI FRICS HonFRJBA FICE Mr babian'l'hchos CFA Mr Fabian'l'hehos was appointed to the Committee on 15 August 2022 Mr Nicholas Moakes retired from the Committee on I l November 2022 74 Science and Engineering Fellowships Committee Professor Dame Carol Robinson DBE FRS FRSC FMed,Sci Ch2iman Professor Jim Al-Khalili CBE I,-RS FlnstP Professor C2illian Bates FRS FM¢dSci Professoi Mike Bentoii FRS FRSF. Prufessor Martin Bridson FRS Pi'ofessor Andrew Briggs Professor Neil Chainprtess PRSC FLSW Professor Anne Dell CBE TrRS Fmedsci l)rofessor John Dewey FRS Professor Cyril Hilsum CBE FRTr.ng FRS Professor Patrick Keobh bREnb Professor Stephen Mu6%leton FREng Prufc5$0r Rachcl O'Reilly FRS PIISC Professar Sheena Radford OBE bRS bmedsci Dr Dame France5 Saunders DBF. CB FRF.ng FlnstP Professor'freyor Stuart FIC FRS Professor C.hri8topher'l"out Professor Stuart West Profe550r John Wood CBE FKEng Professor Jane Langdale retired from the Committee on 6 July 2022 Professor Dame Kay Davies retired from the Committee on 8 December 2022 Brunel Fellowships Sub-committee l)rofessor Daine Carol Rnhinson DBE FRS FRSC FMedSLi Chairman Piules50rDanie Atffte Dowling OM DBF. Fl{￿1gFRs Profe.%sor David Ewins DSC bREnb FRS Professor William Powrie FREng FICE FroEcssur Johii Wood CBE FREng ProEe5sur Dame Carol Robinson was appointed to the Sub-committee on l January 2022 Profesqor Daffle Kay Davies retired from th¢ Sub-committee on 8 Decemlxr 2022 Industry and Engineering Committee Professor Damc Aiin Dowlin¥ OM DBE FRS PREng Chairman Professoi. John Clarlcson FREng Dr Nicholas dc Leon Profc5$0r Andrcw Lcwis FREiig FRSC FAI)S FIMMM Cchem Csi I)rofes50r Lord Mair CBE HonDSc FRF.ng FICE FRS Professor Ron l)¢thiL Dr M.Ilcnlm Skin¥le CBE DSC Professor Danie Sarah Spi'ingman DBE FREng Profe.4sor Eleanor Stride OIIE FREng HonblET Profe%%or Dame Sarah Springnian was appninted to the Committee on 14 October 2022 Pi'ofess()r Andrew Lcwi% wa5 appuinted to the Cotnmittee on 9 September 2n22 Ms Naomi Climer retired frnm che Committee on 7 June 2022 75 Built Environment and Design Fellowships Committee Mr Jim Eyre OBE Cbairmdpt Profess()r R&chel Cooper OBE Darrje Alison Nimmo DBE MRTPI FRICS HonFRIBA FICE Ms Katscort Dr Andrea Sindmok EMPP FRSA HonDCL Professor Chris Wise RDI FREng FICE MIStructE HonFRIBA FRSA Ms Katscottwas appointed to rhe Committee on lJanuary 2022 Sir Misha Black Awards Committee Ms Mary Mullin Chtsinna Pi'ofessor Chris Wise RDI FREng TrICE MIStructE HonbKIBA TrRSA ProEessor Peier C,hilds Dr Nicholas de Leon Professor Sir Christ()pher Prayling bCSD bRSA bRIBA Profe550r Malcolm Cjarrctt MBE RDI FISTD Professor G¢off lcirk 111)I pllb.iig Staff Mr John lavery MVO Mr NiuT¢I Willianis LVO CEng Mi. Amahl Smith ACA Mrs Helen Harris Mrs Angrela Kenny RMARA M8Kac O'Dea Secretary Ifrc)m May 20231 .Stcretary (to May 20231 inaiice Director Fellowship Progyramme Manager Archivist and Alumni Rclatinns Office Manager l Executive Assistant 76 Professional Advisers Bankers Investmcnt Managers Schroder & C.0. Liniited l LondiTrn Wall Place Lnndon EC2Y SAU The Royal Bank of Scotland plc London Drumm(Inds IBI Branch 49 Charing Cross London SWIA 2DX Surveyors Danielwatney LL,P 165 Fleet Street London LC4A 2DW Charles Stanley & Co. Ltd 55 Bi.%hi)psgatc London EC2N 3AS ALiditor Moote Kingston Smitli LLP Y Appold Street LoRd￿n EC2A 2AP JP Morgan Asset Managetnent IUKI Ltd 6() Victnria Emhankment London EC4Y OJP Actuaries Insurance Brokers XPS Pensions Albion Fishpond.% Road Wokingham RG412QE Aston Lark I,td 9th Floor, Colman House Kiiig Srreer Maid.stone Kent ME14 IDN Legal Advisers F2rrer & C(Tr Lk.P 66 Lincoln's Inn Fields Lr)ndon WC2A 3LH 77 Royal Commission for the Exhibition of 1851 453 Sherfield Building mrerial I"..i)Ilege Lotidon SW72AZ TeltphDnt.. 020 7594 8790 e-mail.. toyalcum1851@imperial.ac.iik websire.. www.royalcnmmis4inn1851.nrg ..Ilalumni.Toyaltuinmis$ivii1¥51.vr LinkcdIn.. hitps..Illinkedin.conVconipanylroyalcoThl 851 twittei.. hiips..Iltwitter.cutnli-uyalcoml851 inftagrarn.. https../lirtstagram.comli'oyalcom1851 78