Royal Institution back in the black

Just five years ago, the Royal Institution (RI) was in dire financial straits. Struggling with a deficit of more than £7 million, it was contemplating selling its historic Albermarle Street home to raise the cash to pay of its debts. But after a mammoth effort to overhaul its finances the organisation has turned things around. The RI is now debt free and has just reported an operating surplus for the second year in a row, of £280,000 for the 2016–17 year.