Wellcome Trust Annual Report and Financial Statements 2024

Abstract

Find out about Wellcome's impact in 2023/24, with commentaries from our Chair and Director, reports on what we did last year and reviews of our finances and investments. What's insideReports and financial statements relating to our work in the year from 1 October 2023â¯to 30 September 2024.Who this is forAnyone who is interested in what impact Wellcome is having on our mission of supporting science to solve the urgent health challenges facing everyone, as well as information about how we are funded and what we spent in the last financial year. HighlightsThe past year marked significant progress in Wellcome's commitment to transformative health advancements through strategic investments and collaborations.Financial commitment: In the 2023/24 period, Wellcome invested £1.6 billion in research, focusing on ambitious projects in science, health and wellbeing, while addressing urgent global health challenges.Innovative advancements: We celebrated the approval of the first new pharmacological approach for treating schizophrenia in 50 years and the world's first vaccine for chikungunya. These were realised through strategic partnerships and long-term investments in research.Strategic partnerships: We forged significant collaborations with the Novo Nordisk Foundation, the Bill & Melinda Gates Foundation and others, enhancing our ability to tackle shared global health challenges effectively.Long-term impact: Our early investments in sensory neurons are now on the brink of revolutionising pain medicine, underscoring the value of curiosity-driven scientific funding with successful phase 3 trials.Global health advocacy: At COP28, we led efforts to spotlight the vital connection between health and climate change, placing health at the forefront of global discussions.Operational success: Despite economic challenges, our robust financial management has ensured strong returns and positioned us to seize future opportunities, continuing our relentless pursuit of improved health outcomes for all.Â