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Annual Report & Accounts 2017/18

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Annual Report & Accounts 2017/18 ANNUAL REPORT &ACCOUNTS 2017 2018 CONTENTS 2 Vice-Chancellor’s Foreword 6 Facts & Figures 8 Student Nationalities & Numbers 10 Review of the Year 32 Embodying the RCA’s Values 50 Research, Knowledge Exchange & Innovation 62 Development & Alumni Relations 77 College Honours & Appointments 79 Donors & Supporters ANNUAL REPORT 81 Trade Union Facility Time 85 Key Financial Highlights 87 Treasurer’s Report 105 Scope of the Financial Statements 106 Public Benefit Statement 107 Corporate Governance Statement 111 Council & Committee Members 112 Senior Officers & Advisers 113 Auditor’s Report 115 Statement of Comprehensive Income & Expenditure 116 Balance Sheet 117 Statement of Changes in Reserves ACCOUNTS 118 Cash Flow Statement 119 Statement of Principal Accounting Policies 124 Notes to the Accounts 1 Annual Report & Accounts 2017/18 VICE- FOREWORD CHANCELLOR’S Dr Paul Thompson 2 Annual Report & Accounts 2017/18 This is where the legendary creativity of an RCA mind has measurable impact: leveraging a scientific base of knowledge and solving real-world problems. Welcome to our review of 2017/18, designed by alumni These disciplines work well with the aspirations and Scott Doran and Ian Vickers of Eureka! intellectual curiosity of our students and research faculty; together, they enrich and accelerate the The past year has witnessed some real successes, solutions to some of the global challenges the RCA is as new initiatives dreamed of in our strategic plan tackling. Our students may go on to design revolutionary 2016–2021 started to roll off the assembly line: the systems that reduce our reliance on plastics; or create new Burberry Material Futures Research Group, led environments in which AI technologies are harnessed in by Burberry Professor Sharon Baurley; the successful a humanising way for older people; and they will ensure funding bid to EPSRC by our robotics lead Dr Sina that the new ‘smart’ cities of the future are not so smart Sareh, whose research focuses on using robots in and so efficient that they become joyless and alienating, dangerous or complex environments; the growth of our at a time when loneliness and poor mental health are on School of Architecture, with new MA Programmes in the rise. This is where the legendary creativity of an RCA City Design and Environmental Architecture; and in the mind has measurable impact: leveraging a scientific School of Communication, MA Digital Direction, which base of knowledge and solving real-world problems. examines media and storytelling in the digital age. On 25 January the RCA received consent to create a In July, we bid farewell to an outgoing cohort of 868 radical, new crucible in which to experiment with these MRes, MA, MPhil and PhD students – and, snatching collaborative ways of working: a new factory for ideas our breath for just one moment – welcomed in that designed by world-leading architects Herzog & de same month, a fresh group of 50 students to an entirely Meuron, which will be the most significant new building new RCA offer – Graduate Diploma Art & Design, led by in the 180-year history of the RCA. As well as placing alumnus Gary Clough. sculptors alongside design engineers, and filmmakers and fashion students next to a robotics hangar, labs for Last year, I articulated my vision of the RCA at the immersive and augmented realities, the Helen Hamlyn vanguard of the STEAM agenda, placing critical value Centre for Design and our Intelligent Mobility Design on the catalysing power of the creative arts (the ‘A’) Centre will all be housed under one, bold roof. alongside science, technology, engineering and maths (STEM). The need for greater interdisciplinarity within Once these exciting new reactions and interactions our education system is often articulated, and I have been occur, our role will be to take these early-stage student especially pleased to announce the appointment of a projects and transform them into innovative businesses number of new faculty members at the RCA – Dr Elif in our incubator, InnovationRCA. Like all alchemy, this Ozden in the field of composite nano structures in takes time, patience – and investment. I am delighted textiles, Professor Saeema Ahmed-Kristensen, whose that we have this year been able to partner with Venrex research includes the internet of things, and climate to find the substantial investment funds required to change expert Dr Godofredo Pereira. seed InnovationRCA start-ups and build capacity in our very talented InnovationRCA team. Especial thanks to Mark Esiri of Venrex. The Clore Innovation Centre is featured on p. 65. 3 Annual Report & Accounts 2017/18 WE WERE VERY HONOURED TO RECEIVE THE NEWS THAT HIS ROYAL HIGHNESS THE PRINCE OF WALES GRACIOUSLY AGREED TO SERVE AS ROYAL VISITOR TO THE ROYAL COLLEGE OF ART. HIS INTEREST AND PASSION FOR THE WORK OF THE INSTITUTION IS MUCH APPRECIATED. WE WERE ALSO DELIGHTED TO WELCOME SIR JONY IVE INTO HIS NEW ROLE AS CHANCELLOR OF THE RCA. IT IS DIFFICULT TO IMAGINE A MORE FITTING AMBASSADOR AND ROLE MODEL FOR DESIGN AND CREATIVE EXCELLENCE THAN SIR JONY. 4 Annual Report & Accounts 2017/18 2017/18 was a year of great significance, and we were Finally, as ever, I would like to thank our Council, in very honoured to receive the news that His Royal particular the Pro-Chancellor and Chair Baroness Highness The Prince of Wales graciously agreed to Rebuck and Treasurer Caragh Merrick, whose expertise serve as Royal Visitor to the Royal College of Art. His and tireless support of the university is truly remarkable; interest and passion for the work of the institution is the Presidents of the Students’ Union; our funding much appreciated. We were also delighted to welcome body the Office for Students, and all members of our Sir Jony Ive into his new role as Chancellor of the RCA. Chancellor’s Circle, whose philanthropy has enabled It is difficult to imagine a more fitting ambassador and us to invest in the future of this institution and its role model for design and creative excellence than brain trust. New members of the Chancellor’s Circle in Sir Jony. And we are pleased, too, to welcome three 2017/18 are Ms Ling Liu, Prosit Philosophiae Foundation exceptionally gifted experts to join our governing body, and John Studzinski CBE, who have supported the Council: Senior Partner at McKinsey Michael Birshan, ‘People and Projects’ pillar of our GenerationRCA Chief Executive of buildingSMART International Richard campaign, with scholarships and the new Genesis Petrie, and publisher, author and philanthropist Sigrid Professor of Innovation. The Clore Duffield Foundation, Rausing. The Monday Charitable Trust, Apple, Sir Jony and Lady Ive, and Lydia and Manfred Gorvy, have all made Working within the world’s leading art and design exceptionally generous new donations this year to the university demands especial commitment and talent, new Battersea South building project (see p. 38). and I wish to thank all of the faculty and staff who’ve contributed to the successes of the past few years. In I hope you enjoy reading about this remarkable terms of remuneration, we reported a median gender institution and look forward to welcoming you to our pay gap of 0%; this compares to a 14.3% gap in the campus. higher education sector. While the RCA can be proud of these results, there are areas where we can do more to support gender equality, diversity and talent. Dr Paul Thompson Vice-Chancellor We ended 2017/18 in a good financial position, generating a surplus of 2.5% and an operating cash flow that represented 24% of total income. Our goal is to ensure continued financial resilience through a sustained 5% annual surplus year on year, as this is the minimum level of cash I forecast is required to invest in infrastructure upgrades, so vital if we are to provide state-of-the-art facilities for our students and faculty (see Treasurer’s Introduction, p. 85). 5 Annual Report & Accounts 2017/18 28 28 PROGRAMMES 4 SCHOOLS 228 POSTGRADUATE RESEARCH STUDENTS 4 228 1 450 OVER 450 CONTRACTED STAFF NO. 1 ART & DESIGN UNIVERSITY 4TH YEAR RUNNING* *QS World University Rankings by Subject 1,000 389.4k OVER 1,000 VISITING LECTURERS 389.4K SOCIAL MEDIA FOLLOWERS 6 Annual Report & Accounts 2017/18 2,1542,154 STUDENTS 1.02m 1.02M WEBSITE VISITORS 1 RESEARCH GROUP 1 76 NATIONALITIES 4 RESEARCH CENTRES 5050 START-UPS LAUNCHED BY 75 GRADUATES 47 Annual Report & Accounts 2017/18 Annual Report & Accounts 2017/18 7 14 10 2 9 5 6 22 10 AUSTRALIA AUSTRIA BELARUS BELGIUM BRAZIL BULGARIA CANADA CHILE 342 3 1 1 1 7 5 29 CHINA COLOMBIA COSTA RICA CROATIA CUBA CYPRUS CZECH DENMARK REPUBLIC 2 2 5 15 69 77 1 33 ECUADOR EGYPT ESTONOIA FINLAND FRANCE GERMANY GHANA GREECE 23 5 1 36 6 7 26 9 HONG KONG HUNGARY ICELAND INDIA INDONESIA IRAN IRELAND ISRAEL 81 24 1 2 4 7 1 2 ITALY JAPAN JORDAN LATVIA LEBANON LITHUANIA LUXEMBOURG MACAO 4 3 1 5 1 24 5 4 MALAYSIA MALTA MAURITANIA MEXICO MOROCCO NETHERLANDS NEW ZEALAND NORWAY 5 4 1 27 13 5 10 5 PAKISTAN PERU PHILIPPINES POLAND PORTUGAL ROMANIA RUSSIAN SAUDI ARABIA FEDERATION 8 5 4 6 122 31 3 26 SINGAPORE SLOVAKIA SLOVENIA SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SWEDEN 15 2 59 13 1 15 2 7 SWITZERLAND SYRIA TAIWAN THAILAND TRINIDAD TURKEY UKRAINE UNITED & TOBAGO ARAB EMIRATES 714 96 1 1 UNITED UNITED VENEZUELA VIETNAM KINGDOM STATES OF AMERICA 8 Annual Report & Accounts 2017/18 Programmes Number of Students Number of Applicants Enrolled Students 2017/18 2017/18 2017/18 School of Architecture MA Architecture 359 85 137 MA City Design 30 7 7 MA Environmental Architecture 13 6 6 MA Interior Design 255 37
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