57MC Wellcome 4.625%

RNS Number:4050O
The Wellcome Trust
21 December 2006


                       PRESS RELEASE FROM THE WELLCOME TRUST 

                

In July 2006 the Wellcome Trust became both the only UK domiciled non-public 
sector organisation with a AAA/Aaa credit rating and the first UK charity to 
issue listed bonds (through its subsidiary Wellcome Trust Finance plc). 
The bonds are listed on the London Stock Exchange, which requires an 
announcement of the results of the Wellcome Trust and Wellcome Trust Finance 
plc. 

The Wellcome Trust announces that its Annual Report and Financial Statements for 
the year ended 30 September 2006 have been approved. The investment base of the 
Wellcome Trust Group grew to #13.9 billion at 30 September 2006, compared with 
#12.3 billion at 30 September 2005. The figure of #13.9 billion includes the 
proceeds of the #550 million bond issue in July 2006. The net assets of the 
Group grew to #12.7 billion at 30 September 2006, compared with #11.6 billion at 
30 September 2005. The overall investment return was 12.8% during the financial 
year (2005: 22.0%).

Charitable commitments of the Group totalled #484 million during the year, 
compared with #486 million for the previous year. Charitable cash payments 
during the year totalled #476 million, compared with #516 million for the 
previous year.

Wellcome Trust Finance plc also announces that its Annual Report and Financial 
Statements for the period from 26 June 2006 to 30 September 2006 have been 
approved. At 30 September 2006, its investment assets were #682 million, with 
net assets of #137.5 million.

The 2006 Annual Reports and Financial Statements of the Wellcome Trust and 
Wellcome Trust Finance plc will be available in mid January from the Trust's web 
site www.wellcome.ac.uk.

Ends

Notes to editors

The Wellcome Trust is the largest charity in the UK and the second largest 
medical research charity in the world. It funds innovative biomedical research, 
in the UK and internationally, spending around #500 million each year to support 
the brightest scientists with the best ideas. The Wellcome Trust supports public 
debate about biomedical research and its impact on health and wellbeing. 
Website: www.wellcome.ac.uk


Media enquiries
Wellcome Trust Media Office - T +44 (0)20 7611 8866
Email: s.randall@wellcome.ac.uk, Susannah Randall, Head of Communications



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