Charity Registration No. 228382 THE WOLFSON FAMILY CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 P•lARCH 2024 THE WOLFSON FANffLY ¢HARrrABLE TRUST CONTENTS Page Trusiees. Report Independent Auditors, Rem)rt statement of Financial ActNities 10 Balance Sheet Cash Flow Statement 12 Notes lo Ihe Finanual Stslemenls 13 THE WOLFSON FAMILY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 ADMINISTRATNE DETAILS Trustees Hon Mrs Laura Woifson Townsley Ichaimianl Darne Janel Woltson de Botton D8E Sir lan Gainsford Mr Martin Paisnef CBE Sir Michael Pepper FRS FREr¥J Sir Bernard Rix Lord Turnberg MD FRCP Hon Mrs ElrLabelh Wolfson Peltz Hon Mrs Alexandra Woltson Halamish Dire¢lorale Paul Ramsbottom OBE MA Mst- Chief Execubve Reference and adMin￿traINe delails Registered office.. 8 QLteen Anne Street London. WIG 9LD Registered Charity No.. 228382 Proleswonal Services Banke Barclays Bank Plc. Charities Team Level 27,1 ChurchHI Place London E14 5HP so1￿110 Payne Hicks Beach 10 New Square Lincoln's Inn London WC2A 3QG Audrtors UHY Hacker Young LLP Quadrant House 4 Thomas More Square London E1W1YW Principal Investment Manage Cazenove Capital 1 London Wall Place, LoThJon Wall London EC2Y SAU Website www.wfcl.or THE WOLFSON FAIAILY CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The financial statements have been prepared in accordance ￿th the a¢￿Untitvj policies set out in tl)e notes lo the accounts and comply wilh the charty's goveming d￿llment. the Charities Act 2011 and Reporting by Charities.. Stalemenl of Recommended Practice." Accounting and Reporting by Charities preparing their accounts in accordan￿ wilh the Financial Reporb'ng Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20151. STRUCTURE. GOVERNANCE AND MANAGEMENT The Wolfson Family Chariiable Trust is a charilaNe foundation established by a Trust Deed dated 30 Mar¢h 1958 whose aims are the adVar￿￿ent of S￿er￿, health, education and Ihe arts and humanities. At the end ofthe year the bJard of tru51ees comprised four fafflity trustees and five trustees with medical. scientific and legal eX￿rtiSe. The range of skills ￿presented on the Iruslee board is kept under review appointments lo the board are made by the Iwslees. advlsed by the Nominalk)ns anLI Governance Cornmittee. The Nominab"ons and Governa￿ Committee also adwses on the remit arKI compo)silion of expert panels or committees aNI any related governa￿ matters. Board meetings are heks once or ￿lice each year. The board d￿adeS matters of strategy and overall policy. determines the priorities and allocations forgrants programmes, sets budgets and authorises grant awards. The board is advised by an Advisory Committee in Israel. drawn from leading academic and medical experts. 11 is also served by a number of panels and commillees which make recommendations on grant-making, risk management arKf investment poliues. Panels are comprised of speaalisls in parts.￿12r fields, as well as trustees. The induction process for nevAy-apyoinled Iruslees and panel members comprises meetings wlh board members and the chief execub"ve, and covers govemance. investment and granl-making polries. Documentsth"on provided for new Iruslees includes copies of the Tnsl Deed. relevant minutes and re￿nI annual reports and accounts. A full list of members of the commiitees and expert panels is available here". .woltson.o .ukJ8tx)uV nekcommittee-membershi l. A full list of members of the Advisory Committee in Israel is available here.. htt s-./fvwM. nts4n-israeknifson-adviso -committee- israev. Risk5 and uncertaintles The trustees have reviewed the major strategic. operalional and financial risks which impact on the work of the Trust and, on profes&onal advice, noted that systems have been established to mitigate the exposure to them. The Iruslee5 rewew this matter each year and tske action required arising from the assessment and recommendab.ons of the Risk & Audit Committee. The Iruslees cor)sider the main areas of risk for the Trust lo be as folknws.. 111 Investment risk. The trustees. supported by a dedicated Inve51menl Committee which meets regularly, lake a long-lerm approach lo their investment strategy and aim lo deliver the investment objective within an acceptable level of fisk. The committee was recentty bolstered by the recruilmenl of o additional membeis. 121 The ￿p{itatIOnal iisk of making awallls ¢0 inappropriale wipienls. The trustees are ￿1vised in their decision-making by dedicated panels of experts. by independent peer ￿vIewerS and by a professional team of staff. In addition, regular vis11s are made by staff. Advisory Committee members and Iruslee5 lo projects. Grants are paid in arrears on receipt of evidence ol appropriate expenditure. A framework lor monitoring and evaluation has been established. THE WOLFSON FAMILY CHARrrABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 onflicts of interests and loyalty Under the Tru51's formal ¢onfliGt of Inte￿$1 and loyalty policy. a Iwslee holding an active post with an applicant organisalion takes no part in the decision on whether to make an award. Similarly. committeelpanel members wlh a conflict of interest lake no part in making recommendations relating lo organisations in which they lor relatives or business partners) have an involvement. A register ol interests is maintained by the Tnjsys office. OBJECTIVES AND ACTIVITIES FOR THE PUBUC BENEFIT This section presents highlights across key funding areas in the past year. There 15 fnore information about the work of the Trust on the website and a fvll list of grants awardeLI in the year is available in note 17 below. The objeclNes of the Trust. through its granl-making. are the advan￿ment of soen¢e and mediune, health, edwatson, the arts and humanibes. The Iruslees have ¢omplieiJ wlh seclion 17151 of the 2011 Charities Act, having due regard for the Charity Commission's guidan(t on publi¢ benefit when reviewing the Trust's aims and objectives. when setbng the gtant-makiThJ policy and in making awards. One measure of the public benefit generated by the Tnjst is demonstrated by the list of projects supported (see note 171. The Trust pursues ils objectives through fvnding outstanding projects across the rar@e ol ils areas of interest, usually by supportfor buildings or equipment. Th￿e factors continue lo influence trustees In their decision-making. First, trustees aim to support eX￿llence. trNJlh existing and polenlial. Secondly, they attempt to identity and support important areas that are under-lunded. Thirdly. applicants are encouraged lo use Wolfson lunds a5 a calalysl. so that the Trust's funding can lever additional support. The impact of the Trust's funding is monstored through regular reports on prqects provided by recipients dunng the lifetime of a grant and by vi5115 undertaken by trustees, Advisory Committee members and stsff. Grant-making process and policy Trustees m8ke awards once or iwice each year arKI are advised by ts￿ Advisory Committee in Israel in addition lo expert panels which meet belore the main Board meetsrwJs. As well as assessing the merits of the applicants. proposals and their congruence with the Trust's aims and priorib"es, trustees also consider.. the anlicipalttd outcome of the project (including public benefitl.. financial viability,. value for money and adequate provision for ongoing costs and maintenance. There are four main funding areas". Saence arKI Mediane. Education. Arts and Humanities ancl Health. Awards foi Israeli unNersities and hostNlals a￿ nomialty made under the umbrella of designated programm@s which operate by invrt*'on only lo relevant organisations. Applications are assessed by expert reviewers. and applic2nts are gwen an oprx)rtunty lo ￿Spond lo queries raised durir¥J Ihe review process. The Trust rnade grants in the yeartotalliTrJ some £1.6 milli￿. The year's granl-giving was successlul in that. on Ihe adwce of external experts, excellent projects in a number of priority areas were funded. Given the nature of the capitral investment. il is too eady lo assess the long.lerm benefits of projects fvnded. THE WOLFSON FAMILY CHARITA8LE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Sclence and Medicine The key investment during the yearwas fora llalional programrne across six Israeli universities to 5UPPOrt the purchase of equipment Ihal will undetKxn research into the slruclural ¢hara¢te¥isai¢on of material5. Recent advances in techr)ology allow prots'ny of the nature ol matter linduding biological maleriall al an unprecedented level of pre¢igon. providirrfJ new insights into their struclures. Related advance5 in material suences have also opened up many novel applications- from drug development lo altemalive energy research. The programme followed the e￿$thn9 successful pattem of the Trust's funding in Israel with the Advisory CornTnittee in Israel. forming a speryalist subummittee for rhe purpose. A prerequisite for much contemporary lopquality research - in Israel, as elsewhere - 15 access to cutting-edge equipment. Finding SUPPOrt for thi5 expensive equipmenlls often the most challervJing part ofthe fundirKJ ecosystem. The Trust made these awards in partnership wth the Woltson FOUr￿li0n. Smaller projects across health, disabllity. arts & education In the UK, funding was divhyed between capitsl infrastructure projects and some unrestricted grants. In terms of capital funding, Hasmonean High School for Boys were supported to purchase smartscreen equipment while Gesher School ￿CeIved funding towards Ihe furlher development of the school premises. Organisations including JVWJ received unrestricted fundiThJ. In Israel. alongside standard frjnding {predominanty for special needs organisalions). the trustees allocated exceptional fijnding in ￿SpOnSe to the trauma and suffering following the attacks of 7 October 2023. FINANCIAL REVIEW The trustees have prepared accounts in accordance with current 51alLrtory requirements. the Trust Oeed and AccounliThJ and Reporting by Chaiilies". Statement of Recommended Pra¢ti¢e applicable to charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable In the UK and Republic of Ireland (Charities SORP IFRS 102)). The Trust recorded a positive retLJrn on the fund's assets of £5.17 million12022123." a negative relurn of £0.16 million) of which income net of fees was £1.1 million 12022r23". £0.99 millionl and Valua￿'On gains were £4.07 million12022123.. losses of £1.15 million). The portfolio of inveslmenls and cash held on deposit had a total value of £48.5 million at 31 March 2024 12023. £45.4 million). The strong relum in the year ieflecled rallying international markets, and valuations have ¢￿tinUe{l lo improve since the financial year end. Relums are applied lo the Charitsble aims of the Trust as described elsthvhere in this report. Grants awarded {nel of relinquished grants) duriry the yearwere £1.5 million12022r23.' £1.5 million). The trustees hold deposits. gilts and other bonds to cover the Trust's ojrrent commitments. The Trust's net assets are held in unrestricted funds as Ihe trustees have power to distribute both income and capital. Investment poll¢y and performanc8 TheTrusl is mana￿d based on existing in perpetuity and hence the Trust has the objective of maintaining the tY)rtfolio's real purchasiry power after inlla*'on over time. Trustees allocate lundir4J on a total reluin Iralher than incomel basis. The long-term investment objecbve is an average annual lotal return of UK CPI + 4.10. The trustees aim lo distribute at least 4% Df the fund on an annual basis. The calculation of the distiibulion is based on the average portfolio value over the last five years. THE WOLFSON FAMtLY CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The asset allocation wlhin the portfolio is arianged am)rd¥ngly. taking advaniage of the Trust's long- term Investment horizon. Policies and investrnenl allo¢alions are continually reviewed bylhe Investment Committee and Iruslees. Trustees review the investment strategy with the Investment Committee and fund managers (who are signatories lo the UN Principles for Reswinsible Investment), in order to ensure that111 the Trust can achieve or outperform its target return In the long lemi,. arid121 investment decisions made by our fund managers are taken in a %)cially responsible manner and In accordan with Wolfson's core principles. Respon￿ble investment underimns the investment strategy and trustees have a policy of not investsng directy in tobacco companies or fossl fvel extractors. The Investment Commiitee is responsible to the Iwstees for investment policy and monitoring the portfolio. Committee members are available to report lo the Iruslees al board meetings. Trustees and the Risk and Auclil Commrtlee review the term5 of the Investment Committee mandate. During the year. Iruslees made the decision lo increase the exposure lo fixed interest assets. The selection of new fund managers took place during the year in question. bul the Iransfei of funds occurred after the ye8r end- and more information will be provided in next year's rew)rt. Reserves policy The total nel funds of the Trust as al 31 March 2024 strKKI al £45.9 million, all represented by an expendable endowment fvnd. As stated above, in the Investmenl policyandperfonnance secthjn, the trustees aim lo distribute at least 40/0 of the fund on an annual basis in grants and other expendilure. The trustees consiLler il prudent lo have liquid assets within Investments lo cover a ￿gnIficant proport￿ll of planned expenditure. They have agre8d Ihal al least £2.5 million should be retsined in a combination of cash and short-dated gills. As at 33 March 2024. cash and gilts in the portfolio lotalleLI £7.5 millK)n115% of the to181 ptsrtfoliol, above this largel. The trustees consider that Te5erves are awail*)le at a level which enables them lo plan with confidence for the future. PLANS FOR THE FUTURE During 2023-24, trustees wll consider applications majoc cuttural instriub'ons. THE WOLFSON FAMILY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Iruslees are responsible for preparing the trustees, Annual Report and the financial stslements in accordance with appl￿b￿ law and United Kingdom Accounting Standards (United KI￿OM Generally AC￿pIed Accounting Pracb"cel. The law applicable lo charities in England and Wales requires the trustees lo prepare financial slalemenls for each finanaal year which give a true and fail view of the siale of affairs of the charity and ol the incoming resources and application of resources of the tharity for Ihat period. In preparirrfJ these financial slalements. the trustees a￿ required to.. select suitable a¢¢ounting poliryes and Ihen apply them consistenuy., observe the methods and priwples in the Charities SORP.. make judgements and estimates that are reasonal￿e and pnjdenl., slate whether applicable accounting stsndards and statements of re￿mmended prac*'ce have been followed, subject lo any material departures disclosed and explained in the financial slalements". and prepare the financial ststements on the goiry ¢oThxm basis unless il is inappropriate lo presume that the chafity wll continue in operation. The trustees are restx)nsible for keepirrfJ proper reo)rds which disck)se wlh ￿aSonable accuracy the financial position of the charity and enable them lo ensure that the financi81 stslements ¢omply with the Charib'es Act 2011. the Charty (Accounts and Reports} Regulab"on5 2008 and provisions of the TrLJsI Deed. They are also responsible for safeguarding the chatty's assets and hence taking ieasonable steps for the prevention and detection of fraud and breaches of law and ￿gUlationS. The trustees are responsitAe for the Maintenan￿ arKI inlegrtty of the charity and financial infomialion included on the charity's website. STATEMENT OF DISCLOSURE TO AUDITORS So far as the Iruslees are aware. there is no relevant audit inlomiabon of which the Trust'5 audilL)rs are unawa￿. Addit'onally. the trustees believe they have tsken all Ihe necessary steps that they ought lo have taken 8$ trustees in order to make themselves aware of any relevant audit informab'on and ID eslabtish that the charty's auditors are awaie ofthal infom7ation. Approved by the trustees on 26 September 2024 arKI signed on Iheir behalf by.. Hon. Laura Wolfson Townsley Chairman UHY Hacker Youw LLP HoL￿e 4 Thomas Uofe Sqm E1W IYW Hacker Young ChaTtered kcinvestor valuations as a key Input lo determin2 the fair value. The slalemenl of financial acts"vilies i￿ludeS the net gains and losses arising on revaluation and disKKJsals throughout the year. Cash and 'cash-like' securiti'eswilh hvJh liquidity are manageil as partof a porlfolio of investment assets and are included as current assets. The balances recognised in fixed assel inve51menls and current asset investments have been reclassified for the year ended 31 March 2023 to be in accordance with the classification method required by Charity SORP paragraph 10.71. li) Galns and1055es on Investments Realised gains and losses on investments are calculated as the difference tse￿ee￿ sale proceeds and opening market value lor purchase ¢osl if acquired in the yearl. Unrealised gains and losses on inveslmenls are cal¢ulaled as the difference be￿een the Clo￿ng mid-markel value al the year end and opening mid-markel value {or purchase Cost if acquired in the period). Realised and unrealised gains and losses on investments are not separated in the slalement of rinancial activities and are recogni5ed in Ihe statement of finanual activities as Ihey arise. Key sources of estlmatloll uncertalnty and significantludgèments made In applylng the accounting pollcles The preparation of Ihe financAal slalements requires the application of certain estimates and judgements. The material areas of either eslimab.on or judgement are sel out below. Esb'males and judgements are contsnually evaluated and are based on historical expefience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. Each of these areas are consmlered by the Risk and Audit Committee based on information prepared by Ihe Finance team. Unquoted Investments Investments in unquoted investments are valued al the best estimate of fair value. For these investments fair value is esbmated using a range of methodologies including pri￿ of recent investment and public comparables. 15 THE WOLFSON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Malntsining the Wolfson Family Charitable Trust for the longer temi 3.1 Preserving the r&al value of the fund In order to achieve a proper balance belween the interests of current and future beneficiaries, the Iruslees have determined that they are aiming lo preserve the value oflhe expendable endowment fund broadly in real terms. and that investment returns in exce55 of the amounl required lo preserve the real value ofthe fund may be expended in furtherance of the Trust's objectives. The nel value of the fund is the residual sum. dependent upon the amounts arKI tsming of both income and expenditure. 2020 2021 2022 2023 2024 CPI at the Trusys year end 113.5 114.6 121.7 132.5 137.5 £'ooo £'ooo £'ooo £'ooo £'ooo 32.853 41.563 44.191 42.437 45.899 36,678 37,050 39,346 42.825 44.446 Aclu81 expendable endowment fund Target expendable erKAowmenl fund Increase I Idecreasel in fund in real terms relative lo March 2019 13.8251 4.513 4.845 13881 1,453 4. Investment income 2024 £'ooo 2023 £'ooo Dividends- UK Investments Dividends- Overseas Investments Interest- UK Investments Interest- Overseas Inveslments Interest- Cash Deposits Disiribubon- Oxford University Endowment Management Ltd. 74 257 26 58 44 628 220 100 68 73 645 1,200 1.087 4.1 Investment performance In setting the objectsves against which the perfornar￿e of the investment managers is measured. the trustees are primarily concemed wlh the total relum on invesbnenls. namely the sum ol investrnenl income Inole 1lcl above) and gains and k)sses on investments (note 1(hl above). Although these consbtuenl elements are required to be shown separately in the statement of financial ackn'vilies, no importance att￿heS to how much of the lotsl ￿luM 15 represented by inveslrnenl income and hciw much is represented by gains or losses on investments, and the inveslmenl managers are not set separate tsrgets for these amounts. This approach is termed a total ieturn approach. THE WOLFSON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 6. Management and adminlstration expenses Icontinuedl The governance costs comprise costs of running the Trust and planning for future developments, including auditfees, legal advice lorthe trustees and costs of complying with conslitulional and statutory requirements, suth as Iruslees, meetings. Ihe preparab'on ol accounts and satisfying publ accountability. The costs relaling lo grant making activity represent cosls incjjrred in assessing applications, adminislrab'on ol the grants awarded and post grant monitoring. Staff costs cover salary and other costs paid in respect of part time employees engaged during the ye8r (see note 81. No staff costs are allocated to govemance costs as the amount of related activity is immaterial compared lo the grant making activity. 7. Trustees, remuneration No fees are paid to Injstees for their seNices as board members. Ouring the year, expenses am¢xJnling 10 £3.22412023". £1.390) were incurred by Ihe trustees. As allowed by the trust deed, consultancy lees of £2,500 were paid to Lord Turnberg and Sir Michael Pepper12023". £2,500 each lo LDrd Turnberg and Sir MiGhael Pepper) In connection with their work undertaken in advising on applications to the Wolfson Famity Charitsble TfU5t. Trustees who are family members did not receive any remuneration. 8. Staff costs During tho year there were 4 part lime employees. 2024 £'ooo 2023 £'ooo Salaries Social security costs Other pension costs 88 11 82 108 101 The average number of part lime employees employed Ihroughoul the year was 412023.. 41. Ouring the year, one employee received emoluments behveen £80.000 and £90,000. The total employment benefits. including employer pension contributions of the key management personnel. were £96.58012023'. £89.760). This lolal does not Indude consultancy lees paicl to Iruslees Irel. note 7 above). 19 THE WOLFSON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 9. Grants awarded for future payment Grants awaided by Ihe trustees lor (ulure payment al 31 March 2024 lolal £2,721,958 12023". £3,056,491) as follows.. Grants awarded Grants during paid during the year the year £'ooo £'ooo Al 31 March 2023 £'ooo Grants At rellnquished 31 March & adjusted 2024 £'ooo £'ooo Science and medicine Education Health and disability Arts and humanities 2.386 188 194 288 1,100 74 310 75 11,055) 12231 14291 11681 131 2,428 39 75 180 1151 3,056 1.559 11.8751 1181 2.722 2024 £'ooo 2023 £'ooo Due within one year (note 121 Due after morè than one year Inole 131 1.991 731 2.277 779 2,722 3,056 A summary of grants awarded during Ihe year is set out in note 17. 10. Snvestments Market value Purchase 2023 Costs Rèstated £'ooo Market value 2024 Sale Galns I Proceeds (Loss￿) £'ooo £'ooo £'ooo £'ooo Flxed asset Investments Listed Investments Cash and Cash Equivalents 21.299 345 17.936 114.8651 3.249 27,619 349 other Investments Private Equity Funds Oxford Endowment Fund 5,430 15,045 1.280 13931 {4.7001 496 544 6,813 10,889 42.119 19,216 119.9581 4,289 45.670 Current asset Investments Listed Investments Cash and Cash Equivalents 1,069 2.221 675 11.069} 682 2.174 3.290 2,856 Total Inv8stment assets 45.409 19.891 21.027 4.296 48.526 20 THE WOLFSON FAMILY CHAR￿ABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Investmfrnts (continued) The historical cost of these investments as of 31 March 2024 was £39,400,82512023." £39,611,979). The balances recognised in fixed asset investments and Current asset investments have been reclassified for the year ended 31 March 2023 to be in accordan￿ with the classification method required by Charity SORP paragraph 10.71. 11. Debtors 2024 £'ooo 2023 £'ooo Accrued income Sundry debtors 88 77 98 12. Creditors falling due vAthin one year 2024 £'ooo 2023 £'ooo Grants payable Inole 91 other creditors 1,991 16 2,277 2.007 2,292 13. Creditors falling due after one year 2024 £'ooo 2023 £'ooo Grants payable Inole 91 731 779 14. Reconclllation of net movement In fvnds to net ush used in operatlng actlvltlos 2024 2023 £'ooo £'ooo Nel incoming I loulgoing} iesourc*s Nel Igainsl I losses on investment assets Investment Income Ilncreasel I decease in debtors IDe¢reasel l increase in creditors 3.462 14.2951 11.2001 1121 13331 11,7541 974 11,0871 63 Nel cash used in operating actiwbes 12.3781 (1,7981 21 THE WOLFSON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Joint adminlstration The Charity ha5 joint adminislralion with the Woltson Foundation. registèred charity number 1156077 and compariy registratson number 08927040. al 8 Queen Anne Street, London W1G 9LD. 16. Related party transactions During the year no fees12023'. £3.0001 were paid in respect of legal services provided by Payne Hick5 Beach ol which Martin Paisner ￿n1Steel is a partner. 17. Grants awarded durlny the year Science and Medicine Sclentific Research Awards for equipment lo support research in structural charaderisalion of materials were made lo the following Israeli universib'es.. B8r-Ilan University. Ramat Gan Ooinl grant with the Wollson Foundation lotalling £445.000} The Hebrew University of Jerusalem lj.oinl grant with the Wolfson Foundation totslling £445,O¢JOI Tel Aviv University (joint grant with the Wolfson Foundation lotalling £445,000) Weizmann Institute of Science, Rehovot "oint grant with the Wowson Foundation lotalling £445.0001 Technion - Israel Institute of Technology, Haifa (Joint grant wrth the WOlf￿n Foundation lotalling £370.000} Ben-Gurion University, Beer Sheva O"oinl grant with the Wolfson Foundation tolalling £350.000 178.000 178,000 178,000 178,000 148,000 140,000 Exceptional Award The Academy of Medical scien￿5. London Daniel Tumberg UKIMiddle East Travel Fellowship Scheme 100,000 Total Sclence and Medlclné17 grants) 1,100.000 22 THE WOLFSON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARGH 2024 17. Grants awarded durlng the year {conlinuedl Education Ha5mone8n High School for Boys, London NW4 - Smartscreen equipment The Druze Association. Daliyal al-Kam)el,15rael Druze High Tech Empowemenl Center Get Sel Girls, London N16 Refurbishmenl of basement to create a hall 25,000 20,000 10,000 March ol the Living. London NW4 Unrestricted funding 10.000 9,000 Prism, Londc>n Wl - Wolfson Jewish Education Fund Total Education IS grants) 74,000 Arts and H manities Nationa1 Library of Israel, Jefusalem Digital microfilm readers JW3, London NW3 Unrestricted funding 50.000 25,000 Total Arts and Humanities {2 grants> 75,000 Health and Dlsablll Bell Issie Shapiro. Ra'anana, Israel Conversion of Early Inletvention Cenler into an Inclusive Earfy Education Campus ADI Negev-Nahalal Eran, Jerusalem. Israel UnTestricled funding Greater Manchester Neshomo CIO. SalfoTd - Service supporting the recovery planning of patients with mental health needs The Gesher Trust, Greater London . Capital works al the new school 80.000 50,000 30.000 25,000 Exceptional awards NATAL, Tel Aviv, Israel HumanitsTian ￿ndIng 75.000 23 THE WOLFSON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Grants awarded during the year Icontlnued) Magen David Adom, London N3 Humanitarian funding 50.000 Total Health and Disability16 grants) Total grants awarded {Total number of 9rants'. 201 310,000 1.5S9.000 Grants relinqubshed during the perlod Totsl grants av￿rded {net} 18,270 1,540,730