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Annual Report and Financial Statements Contents Annual Report and Financial Statements www.nuffieldfoundation.org Contents Chair’s foreword 2 Chief Executive’s foreword 3 The year in numbers 4 Trustees’ report 8 Objectives and activities 8 Achievements and performance 9 Research portfolio 9 Education 10 Welfare 17 Justice 21 Cross-cutting projects 27 Student programmes 31 Nuffield Research Placements 31 Q-Step 35 Nuffield Council on Bioethics 37 Plans for future periods 39 Financial review 41 Principal risks 46 Structure, governance and management 47 Independent auditors’ report 50 Financial statements and notes 53 Reference and administrative details 73 Nuffield Foundation Annual Report and Financial Statements 2017 2 Chair’s foreword This report sets out the work we have undertaken infrastructure issues. We are delighted to have in 2017 in pursuit of our mission to advance social him on board. well-being. In it, we account for our charitable I would also like to welcome Dame Sally Macintyre, expenditure for the year, which was £14.6 million, who was appointed by the Foundation, the Wellcome an increase on £8.3 million in 2016. Whilst this Trust and the Medical Research Council as the first increase is partially explained by a number of grants Chair of the Governing Board of the Nuffield Council that were conditionally awarded in 2016 but not on Bioethics. Dame Sally is a Professor Emeritus at finalised until early 2017, it can also be seen to mark the University of Glasgow, a member of the Human the beginning of a new period of growth for the Tissue Authority and of the Ethics and Governance Nuffield Foundation. Council of UK Biobank. We are pleased that someone We have ambitious plans for the next five of such calibre will Chair the Board, and we will years, which will lead to us increasing our level appoint additional members in 2018. of expenditure over the period to 2023. These On behalf of the Foundation, I extend my plans are set out in our new strategy, which we congratulations to our former Chair Baroness published in June 2017. Core commitments include Onora O’Neill, who in 2017 was awarded two the Nuffield Family Justice Observatory, the Ada prestigious prizes: the Berggruen Prize for Philosophy; Lovelace Institute, and a new Strategic Fund, for and the Holberg Prize for outstanding contribution which we will make a call for proposals in 2019. to research. We also congratulate our former We are able to make these commitments to increase Trustee Baroness Hale, on her appointment as our expenditure due to the excellent investment President of the Supreme Court, and are honoured returns of recent years. that she will give our 75th Anniversary lecture On a personal note, 2017 was my last full year in May 2018. as Chair of the Foundation as I will retire from Finally, I would like to extend my thanks to the the Board in October 2018 and hand over to our Foundation’s staff, partners, and grant-holders Chair-elect Professor Sir Keith Burnett. Sir Keith who work with us to deliver our research and is President and Vice-Chancellor of the University programmes. We are grateful to our Q-Step of Sheffield and a renowned physicist. He has been and Nuffield Research Placement Coordinators, at the forefront of higher education and research and to all those who ensure we continue to fund in the UK, and has provided independent advice rigorous research by giving their time to peer to government on high-profile education and review research proposals. Professor David Rhind Chair Chief Executive’s foreword 3 Chief Executive’s foreword In 2017, we published a new five-year strategy. Academy, techUK and Omidyar Network’s It sets out how we have revisited our original Governance & Citizen Engagement Initiative. We aim objectives of 75 years ago and re-focused them to have the Institute fully established by the end of to meet the challenges presented by the rapid social, 2018, and in 2019, we will issue a call for new demographic, technological and economic changes proposals to the Strategic Fund. in UK society. We will further this ambition by strengthening We remain at heart an independent funder of our role as convenor. We can provide a network research. Our independence in turn encourages our that connects universities, think tanks and professional grant applicants to exercise their freedom to reframe bodies. We can assist them in engaging with legislators questions and develop research in ways in which they at all levels of government, with regulatory and other might not otherwise have the opportunity to do. agencies, and with public institutions, especially those Our main areas of interest are built upon three core delivering the Education, Welfare, and Justice systems. domains of Education, Welfare, and Justice. We will Similarly, we will enhance the collective impact of also fund work in areas that cut across these domains, the projects we fund through synthesis – identifying in particular the impact on people’s lives of digital the links between the research we fund, and technologies, social inclusion between and across articulating its implications. generations, the significance of social geography in Building on the success of our programmes that an increasingly diverse society, and the impact of provide opportunities for individual students – Q-Step disability and chronic illness. We published a new and Nuffield Research Placements – we will develop guide for applicants alongside our new strategy, and new ways to equip young people with skills and made the first awards under these new criteria in confidence in scientific and quantitative methods March 2018. by expanding our student programmes to other We are fortunate that our investment performance disciplines and younger age groups. allows us to increase our ambition financially, and we This is a long-term programme, and it will grow and have established a new £20 million Strategic Fund that take shape gradually over the next five years. Since will enable us to fund additional, larger-scale projects. setting out our strategy in the summer of 2017, we An initial £5 million commitment from the Strategic have focused on putting in place the programme Fund is the Ada Lovelace Institute, which will examine teams and systems that will allow us better to engage the ethical and social issues arising from the use of and support the researchers whom we fund. We have data, algorithms, and artificial intelligence, and to created a new position of Director of Welfare; we are ensure they are harnessed for social well-being. The strengthening existing partnerships, forging new ones Institute exemplifies our approach to working more and taking the Foundation to universities across the closely with partners, and has been developed in UK. This report sets out some of the early progress collaboration with The Alan Turing Institute, the Royal we have made, and gives an overview of our Statistical Society, the Nuffield Council on Bioethics, future plans. the Wellcome Trust, the Royal Society, the British Tim Gardam Chief Executive Nuffield Foundation Annual Report and Financial Statements 2017 4 The year in numbers Charitable expenditure of £14.6m in 2017 Nuffield Council on Bioethics £1.1 million (8%) Student programmes/ capacity building Education £1.7 million (11%) £4.1 million (28%) Crosscutting £1. million (11%) Welfare Justice £2.9 million (20%) £3.1 million (22%) Most of our charitable expenditure Applicants submit a short outline application, and in Education, Welfare, Justice and those that meet our criteria are invited to submit cross-cutting projects is comprised a full application, which is subject to independent of grants awarded for research, peer review and considered by Trustees. development and analysis projects. outline applications of grant received* expenditure 422 £10.3m comprised of new projects full applications projects already invited and 54 + 9 underway 59 considered* *These are 'snapshot' figures for the 12-month reporting period, and not the 'pipeline' of applications from outline to successful award. The year in numbers 5 Current porfolio of research, development and analysis grants 2017 Most of the projects we fund are undertaken over a period of several years, so at any one time, we are managing more than just those awarded in the reporting year. At the end of 2017 we were managing: research, development and analysis projects, with a total value of 2016 169 £27.9m Education Justice Welfare £12.8 million £7.2 million £4.9 million 92 projects 3 projects 2 projects 2015 Crosscutting £3.0 million, 15 projects Who do we fund? Universities Research institutes Voluntary organisations 133 projects 20 projects 11 projects Professional bodies Think tanks Primary Care Trusts 2 projects 2 projects 1 project Nuffield Foundation Annual Report and Financial Statements 2017 6 The year in numbers Student programmes Nuffield Research Placements Q-Step 1,231 students enrolled on 68 different Q-Step degree programmes (compared to 694 in 2016 57% 53% and 368 in 2015) of students received a of students are the first in bursary (compared to 50% their family to go university in 2016 and 46% in 2015) (compared to 49% in 2016) 8,527 students were taking at least one of 193 different Q-Step modules (compared to 7,8 students 3,411 students 7,994 in 2016 and 5,157 registered an interest completed an in 2015) application 1,138 students 1,102 students 228 students placed (compared completed a placement undertook Q-Step work to 1,213 in 2016 placements (compared and 1,164 in 2015) to 173 in 2016 and 120 in 2015) The year in numbers 7
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