A grid of 100 portraits taken of masked pedestrians on London's Ridley Road.

Gideon Mendel (assisted by Maria Quigley) / Wellcome Photography Prize 2021

Licence: Attribution, Non-Commercial, No Derivative Works CC BY-NC-ND

Gideon Mendel (assisted by Maria Quigley)

100 portraits of community members, shot during the 104 days of the first UK lockdown. “Most of the people I approached were keen to be photographed, feeling that they wanted to advocate mask wearing to fight the virus,” says Gideon Mendel. 

Report summary

Wellcome Annual Report 2021

Find out how Wellcome performed in 2020/21, with commentaries from our Chair and Director, reports on strategies and activities, and reviews of our finances and investments.

What's inside

  • Reports and financial statements relating to the year from 1 October 2020 to 30 September 2021.

Who this is for

  • Anyone interested in how Wellcome makes money, how we spend it, and what impact our activities have in our mission of improving health.


A new strategy, increased charitable expenditure and a more integrated organisation mean Wellcome is set to enter a new phase.

  • In 2020/21, Wellcome spent £1.2 billion on charitable activities to improve health through science.
  • We plan to spend £16 billion over the next ten years supporting science to solve the urgent health challenges facing everyone, following record returns on our investment portfolio.
  • Three new funding schemes launched in August 2021 to enable researchers to be ambitious in their search for new insights into life, health and wellbeing.
  • Wellcome’s role at the intersection of science and global politics continued throughout the year in the response to the Covid-19 pandemic.
  • We have set ambitious targets to increase diversity and inclusion in our staff, the people we fund, and the research we support.

“Wellcome is entering a new and exciting phase. Our ambitions are higher, our perspectives broader.”

Jeremy Farrar

Director (2013-2023)



Contact us 

If you have any questions, contact the media office on +44 (0)20 7611 8866 or email mediaoffice@wellcome.org.