25 January 2013
This statement from Sir Richard Sykes, FRS, Chairman of the Royal Institution was issued to Members yesterday evening.
Thank you for the tremendous amount of support and suggestions that have come in over the past week. I am truly overwhelmed by the strength of feeling about the future of the Ri, and this is hugely encouraging as we work through some very complex issues.
No one more than I would like to see the Ri flourish at its home in Albemarle Street, delivering our vibrant events programme and global outreach via the Ri Channel and Christmas Lectures, set against the backdrop of our wonderful heritage.
However, as I have said previously, we have significant debt and a major challenge to find a sustainable operating model.
Such uncertain times are very difficult for staff, members and everyone around the world who loves this institution. The Trustees and I are very aware of our duty to safeguard the financial health of the charity and to ensure the delivery of the objects in our Royal Charter.
The scale of the challenge is significant. Over the last two years, we have been working hard to secure major funders and partners. We have many loyal supporters, but we have yet to establish a robust endowment that would put us on a firm financial footing.
I am committed to finding the best way forward for the Ri and whilst we continue to explore the various options, I will keep you informed.
Thank you once again for your support.
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