REGISTERED COMPANY NUMBER: 08031174
REGISTERED CHARITY NUMBER: 1147658
FUNGAL INFECTION TRUST
REPORT AND ACCOUNrs
30 APRIL 2022

YUNGAL INFECTION TRUST
INDEX
Page
Reference and administrative details
Trustees. Report
JndepeDd¢nt examiner's rtport
Statement of f￿anCIal activities
10
Balance Sheet
11-15
Notes to the accounts
16-17
Ap￿ndiX
Scientific publications and presentations

FUTr4GAL INFECTION TRUST
REFERENCE AND ADMINIST114TIVE DETAILS
Trnslees
Professor P J Folkman
Mr P G Oxnam
Mr J C Morgan
Dr C Patthhurst
Pmfessor J Cooke
Professor R Hay
Hon Secretary
Mr J C Morgan
Bankers
Royal Bank of Scotland
56 Chestergate
Maccle5field
Chethire
SKII 6BA
Independent E￿miner
Roslyn Beattie
Company Solutions Limited
2 Festival Square
Little Germany
Bradford BDI 5BD
Registered Addres5
P.0. Box 481
Macclesfield
Cheshire SKIO 9AR
Charity Registration:
1147658
Company Regislration=
08031174

FUNGAL tNFEcfIoN TRUST
TRUSTEES, REPORT
The of Trusleffj who are also dJTectors of the Chariry forthe purposes of the Companie5 Act 2006. pr¢s¢nt their
report and fitwjcial stat¢ments of Fw)gal Infection Tn]st for the J'egr ¢nded 30 April 2022. The financial statements
have been pwared in accordance ￿th the accountino p)licies as S￿ on page I l and compl) with the ch2rity's
trust deed. the Conwanies Act 2006 and the StstemeDt of RecoTEJAn¢ndcd Pradi¢¢ - AwFunting alld Reporting by
ChaEitie% 2011.
STRucfuRL GOVERNANCE AND mANAGEmE￿r
The Fungal tnfeclion Trusl ("The Charirf or The Trust orffF} is a compony liLnited by guardntee and govemed
by its M¢Tnorandum and Articl¢s of Association.
DIREcfoRS AND TRUSTEES
The directors of the Charitable company are its T￿￿ee5 for the Put￿ ofchatity law and throughout this report are
collettively referred to as the Tnjsttts.
Tbe Trustees serving durillg the year were ￿ follow
Mr PG Oxnam
Chairman
MrJ C Morg2U
Secrtiar)
Professor J c{￿ke (rLsigned 5 October 2022)
Professor P J Folkman
Profe550r R Hay
Dr C L Pallkburst
New trustees are intetvtewed and appoiTrted by the exi5ttJJg In￿CeS. Before tsking up their Fmisitions. rtew trllstecs
are sent on &xternally Iraining courses where appropriate.
Risk Management
The Ttustees have examined tbe major strategic. busTness and opentional Tisks which the charity faces and conf
systems have been established to erRble rwlar reports to be produced so that the necessary steps can be taken to
lessen these risks.
Organisational Structure GovernaDce
The Trust is manaoed by the Tnjstees. The Trnst has no paid or volunfEry employees. Accounts are prepared by the
Secr¢tary a regular b&si5 and presented to the Trusiees at their meetings. The fllwjcial status of the Trust 1$
reviewed by a Tn￿ee sulKotnrnittee prior to each Tn]stees' In￿ting and its r¢wnllnendations presented to the
Tneeting. A minimum of three Tn￿teeS meetings are held each year.
Responsibilvties of Trustees
Law applicableio charities in Ell￿d & Wales requires the Ttusttts toprepar¢ fin3ncial statements foreach fmancial
year which give a twe and fair view of the iD¢ominu resourcL% atsl applI￿110n of the reSou￿e5 of the charity during
the year attd ofits slate of affairs at the end of th¢ year. In preparing financial ststements giving atrue amd fair vi¢w.
the trust¢es recognise they should follow best p￿ctIce and..
select suitable acc¢)unting policies and then applv them consistently"
]nake judgements and estiDMtes that are reasonable and prudenL
state wthether applicabl¢ ￿￿u￿ting stsDdatd8 and sNements of recommended prdctice haye been followed.
> prepare the financial sÉatemeDts on the goiDg wn¢ern basis ut]less it is inappropriate lo presume that the
charity will continue in oE*ration.
The Trustees are responsil)le for keeping proper accoutthg records which disclose with re&sonable accurncy the
financialposition ofthe ¢harity and whTrch enablethem to wertain its fvjancial position and to ensure thatthe financial
statemcnts conwly with the Companies Act 2006 and th¢ Statemellt of Recommended Practice - Accounting and

FUNGAL INFEcfioN TRUST
TRUSTEES, REPORT
Reporting by Chariti¢s 2005 and th¢ TTUSt tk¢d Th¢y at¢ also ￿SponSIble for saf¢guarding the &ssets of the clwity
and hence for taking reasonable s*ps for the prevention and detection of fraud and other irregulartties.
0￿ECTIvEs AND AcrtvrriES
To promotr rcsrJrch in all aspects of ¥nycology, Tnvcotic dise&se4 fungal toxicology and microbial disease (of
all living things) and to publish the useful results thereof.
To advance education particularly among physicians and scientists about mycology. mycotic diseases. fi￿gaI
loxicology and microbial diseases in geneTa].
3. To generally support basAc research into ￿ng1 and fungal disease. train scientists in mycology and related
disciplines.
To provide infornmtion to ￿lents suffering from fungal disease& in porticular &swgillosis.
5. To rais¢ awaren￿ of fi￿gaI pathogens arld fill￿1 diseases amongst the general public in the UK and
internationally.
Review of Aetiyities
The FIT website (i%"ii ii.fun"alinfLCtii)Iitrust.i)r¥} averdged 4A0 (rdnge 528 .- 7&1) uTJique visitors per month in late
2021 and 2022. The ¥nost popular pages are Ivhai we do, Research Grants and Fungal Disease Awareness Week.
Online education in fungal mÉemscopv and histology {ii"ii"ii.microfunoj.net)
The FIT continues to support the world""s first onlin¢ Micros¢opy and Ilistology course (Microfungi). To date this
course bag hosted 2200 disttiict users from 132 countries (an increase froln 1849 the previous year). The ke!,
participants have beerA from the United Kingdoll4 Mexico, BraziL USN Indi4 Ni.
eri4 Argentin4 ColombiA Spain.
nd Ghana. CuTrently this course is available in Englis]L SpanisK French. Porti]giie5e and thinese. So far 470 pass or
distinction certificale5 hav¢ been awarded. All those registered on the course can re-enter the cour5¢ to refresh their
knowledge at aiiy poinL Thts ll￿eS Microfi￿gI an invaluable lifr-IoDg It￿)Ing tool for all healthcare practitioners.
Typically 5- 15 users, login ¢a¢h day.
The Aspergillus Website @ iiii"i¥.asper"illu5.oN.uk
The Aspergillus Website has been in operation since 1998. so this is its24 year of operati¢)n. The Agpergillus Website
remaims the world's most COTnprehensive reS0￿Ce for the pathogenic and allergenic firngi Aspergillus and th¢ di5¢as¢5
thatthey cause. It is completely free to all users. It has been supported by unrestricted educational wts from various
corwrate donor& notably Pfizer, Dynamiker aTKI Gilea(L
The Aspergillus Website was moved from the obsolete oper2tints system it was b￿ed on in late September 2020, $0
this is the end of its second year on its new plarform In WonlPress- a move made possi￿1¢ by the continuing success
and expansion of that sysiem worldwide and its Tmproved ability to n]n a website the size of the ASper￿lIuS Website.
It ha8 consistently well on WordPress over the two year&
A drawback of moving the underlying collte]rt nwetnent system (CMS) of any websit¢ is that almost all of the
links are change(L which ￿ta￿S thal all searches in anv sea￿h engine become out of date oyernighi. As Tnanv visitors
to most websites arrive as a result of Googlc and Bing s¢archcs (and others) this means that overall user number
sharply drops. In tb¢ of th¢ Aspewllus Website it drop￿d from an average of 1000 users per day to 400 users
per day.
Steps were taken to ensure the new website links would be tsken up by s&vch ¢ngine5 a5 quickly 18 possible and the
number of users ros¢ to 500 day by end of 2020. The illcre￿ colltiDued up until summer 2021but h&s dropped in
early 2022.
The Aspergillus Website is Still read Very widely across the Worl￿ with (in order of usage, highest to lowest) China,
USA. UK. India Ond Austrnlia making up 65/• of users. Chin4 USA UK Indi4 Australii Gerniany Canada,
Philippines, France and Russia are the most frequent users. The proTnin¢n¢e of two non-Ellglish speaking countrie5 in
the top 6 {and 4 more in the top 10) may reflect our decision to add in automati¢ language ttanslation of the entire
website when the website w&s moved to WordPrE
The Aspergillus Wcbsitepn>vides freeeasy xcessto >74.￿0 pages. over 15,400 scientific articles (including a unique
collection of 836 historical articlcs) and over 172(M> conlerence absuacts from 1974 onwards. The Aspergillus
Website bas b¢¢n rn95tly viewed on desktop PC (660/17) rather than mobile {33/0) in 2022. possibly reflecting the
professional nature of its user5 and most of the rESt of the world use mobile phones to browse websites.

FUNGAL INFEcfioN TRUST
TRUSTEES? REPORT
Fig 1. 90 days F¢b-April 2022
The comprehensive lisl of drng5 and drug i￿terneti0￿s with anllfijngals is continually updated. The drug interaction
database I iiTri"Il'.L%PLriTillus.onF aniifunJl4ru<'_interactions
) (rncludiTtg the antifungal dnig intera¢tiOD app for
android phone5} is popular alld well used. Links from other websites to this specific part of the website have been
added.
L£adin
InternatiOT￿ Fun(val Education
LIFE
June 2021- Ma
2022
The LtFE Worldwide website recorded 103k users during this perio(i wÉtih 119k individual visits. This figure is doNvn
on 2020121 as we be(Tan to rnI￿te content away from this platfom) on io the new iii%K4.lunJo leducation.i)pTr site. We
estitnate that this traffic will transfer across to th¢ new sife during 2022123 and we will see a steady growth in users
&$ we rnaA(et these new resources. We launched the nem. plarfonn iiiiii".fun<JalLduCaTlnn.nr￿ in 2022. Work is ongoing
to add and develop content for the new site. It was widely promoTrd ai the intemationa] ECCMID rneetintt in Lisbon.
200TZQ3 will focus on O￿ther marketing the platforn] and targeting sp￿lfi¢ global audiences.
The Spanish pages continue to ￿ p)pular and well-used indicating a need for to pr￿llt the w¢bsite in multiple
languages.

FUNGAL INFEcfioN TRUST
TRUSTEES, REPORT
Page
Page¥ie
Sessions byco
Ilungahfssease5JfwgohJJhure
IS7
lesplfungakyltu
11115
7.470
Ifungapdiseases
4.ITJ
/fwgal•iseasesinuK1s
3.881
/funoal.diseaseslhistopathrA
3.465
iespifungal.diseasesnine&cruris
3.411
lrnedi￿entrelarti￿e...l1uC0rJaZQ1e-tOI￿0ts
3.179
/fungal4iseastsifurqb
1541
Jun i, 2Ql - May31. 2022
20
Overthe last 90 days we have recordedover7W users onthe new s¥te. with arow)d45Q/o ofthes¢ a¢£¢ssingthe Spanish
version of the site.
Our YouTube channel continues to be an irnpacffiil part of the LIFE World￿de edllcational offering. As well as
adding three new videos on dtugldrug intera¢tions we also had the exceptional M￿lestOne of one of our Trideos passing
100.000 views. Over the year ow ¢hann¢l IK5 received 105,000 Waiche5, equating to almost 4.000 hours of viewing
time. Our top 5 countries by audience are India (35°hA United States (130/0), Banglad¢sh (41/Jo), Pakistan (3 /oland
Philippines (20/0).
LIFE Worldwide continues to make a 5ubstsntial impact OD Twitt￿.
During 202 If22 our Tweets received over 192.000 impre&sions. and
we saw a steady growth of followeTS (20.50/0 groThxh over the year).
The Tweet with the biggest impaci was promottng the Center For
Disease Control's Fun￿0 l Disease Awareness Week We ate usingthis
data io build a marketing calendar for 2022f23 to utilise the various
global awareness days and to use these to rdise our profik.
A to]nponellt ofthe LIFE efforthas beentoboost awar&)ess of fimgal
infections generally. b). quantifving the problem better. This has
involved estilnating the burden of serious fi￿traI disease in over IIM)
counirie& to highlight the seriousnes5 of a range of primary and
secondary fungal dise￿. Additions since last year's report are
underlined.
PublTshed in jOUTnals {x81).' Al.eri4 Ar.tsentin4 A￿%tri<
Azerbaijan. Ban<yladesh. BelgiunL Brdzil. Bllrkina Faso.
carner00￿ Canad4 Chile, Chin4 Colornbi4 Congo (Republic
ofj, Cotr d'Ivoire, Czech Republic. Dem(watic R ublic of
Con
DRC
DenmarK Domini&￿ Republic, Ecuador. EW Erit￿ Ethiopi4 France, Germ2ny, Ghana,
(irerfe. Guatemali Honduras Hungarv. ITJdi4 Indonesi
Ira￿ Irelall¢ IsraeL Italy, Jamaic4 Jordan,
Ka7akhstatJ, Keny4 KuwaiL KyTgyzslan. Malawi. Malaysi4 Mexico. Morocco MOZa￿biqUe, Namibi4 Nepal.
Netherlands. Nigeri4 Nonway, 0rn2n, P8k]st￿ Pen4 Philippines, Pornjgal, Qatsr. iiomaniL Russii S¢negal,
S¢rbi4 Sierra Leone South AfrAc4 Spain: Sri LanW Sweden. Taiw￿ TajTri%t￿ Tan2ani4 Thailand: To
Tr2nidad and Tobago. Turkey, UgandL UK Ukrnin4 Uruguav. Uzbekistan, Vietnam and Zimbabwe. Published
b￿dell papers are available at https=l/iwwv.gaffi.nrR/medi¢i/aiddL'InIL-papLrs1.
Pr¢sented in ab5ttacVposter forni at conferences but not yet published (x13): Australi4 Belatus, Ben1￿ Iraq.
Japan. Madagascar, Mongoli4 New Zealan<L Parnguay, Saudi Arabi4 Singapore. Venezu¢l4 Zarnbia (detail is
available th¢ LIFE website iti tILe news section http=//1￿%￿¥.Il(e-￿V0rIdiy1de.0rg1med&a-LentrelThLlvsj.
Top media Tweet ￿..
s 2¢DCgov FurvJal Disease Awareness
Week. Th[(W￿Ul Ihe week well
hvJhSghting relevant resources for you lo
aotess to le8m more abwt the global
tywact offungal diseases.
hinklungus #meded Yu#galimfÈctton
av￿reneSS ￿duCation ￿researCh
*trycolDyy DlC.tt'Jrtlertom,'qV3ZBpxh7D
SEVtEMBER 2U-24. zl￿1

FUNGAL INFEcfioN TRUST
TRUSTEESY REPORT
Burden of disease estimates
r4osiL
The FIT also supported several tmwrtaDt Tesea￿h publications and review5 (see Ap￿nd1X). There were 15 peer-
rewewed publications calendat year 2021 ￿ a dirttt consequence of FIT grants and ￿lIabo￿tiO￿S. The notsble
outputs include..
Two papers describing the diagnoslic perfor￿￿Ice of the new ￿]nt of care assay for Aspergillus antibody
- r¢lat¢d to subile immunodeficiency and in Indonesi
Country burden of disease estimale5 for 6 countries tn 2021, includiDo 2 highly popul0￿ countries- DRC
and Indonesi
A review of antifungal dNg interaction& linked to the online database: ￿￿￿￿..8Sper
druiT-interaitii)n
Two papers related to how pToftssional phagocytes in the b￿lY actuall kill Aspergillw fiJng].
cFillus.upF uk.'antifungal-
During the year support was given to research proj¢cts at thc Univ¢rsity of Pen]gi4 ltsly; the Medical Research
Foundatio￿ Trinidad and Tobago; the UniveTsity of tknmé, Togo. the Université de Montagnu Bangante. Cameroon.
Travel and Livino Allowance Grdnfs for attendance and presentstion at scientific conf¢r¢n¢¢s iotalling £780 (2021
Nil) were rnade durtng the year as part of the Trust's policy to support scientists in the early stages of th¢iT ¢or¢¢rs in
mycology.
Who benefited from the Trust's Aclivities?
Researthers in the study of funj (Mycolo￿). respiratorv medicine and infectious diseases from all over the world
Medical doctors. especially tILrough th¢ Drug Interactiolls database
Patients alld theirGqrers.
Students of medicine. Pharn￿0y. biology and microbiology
The public- School childre￿ tbeir teachers and parents.
How do the Trust's Activities Ben¢fit tbe Publie".
Awarelless of fungal disease Te]narns low among the general public. The HT website ¢nables the public to access
reliable ]nfOrn￿tiOn quickly on this topic. auglnented by the lltore special￿ed web resources at LIFE-Worldwide and
the Aspergillus W¢bsit¢. Th¢ r¢brnided Ftr website a]50 re-posts press and general sÈories and explanatory articles
for easy access for all.
Futsre p13llS
In2022. an update and overhaul ofthe Microfitngi ethjcational website is plannd EffoTts to promotethe FITT¢soiirces
internationally are planned at major conf¢rerK¢s in Eur(ryK, USA Asia andAfrica The Aspergillus Website continues

FUNGAL tNFECTION TRUST
TRUSTEES, REPORT
to provide a valyable resOU￿e internatio[￿ly. some additional contenL The FIT will resp)nd to grant requests
as it has done previousl)..
FINANCIAL REVIEW,
The results for tbe periid ar¢ set out on page 9. There was a d¢ficit of Income over ExFthdits]re for the year of
£70,?00. (2021 £36,liO). Corpornte Governance eX￿lditure represented 20.700/0 of total income {?021 14.500/0).
DurinLV the yeor the re-design of the Fung21 Infertion Website was completed at a cost of £1200. As a result of the
restrictions placed uwJTr us b¢¢ause of the COVIt*19 Pdthdemic all Trustees rneetings were held using ZOO￿ as a
consequence no Tn￿¢¢5 Ext*nses or Meeting Costs were in(2llre
lllves¢meDt Poly
The ts￿Stee8 do not consider th* they bave sufficient free Twrves to invest surplus fjmdq for any mediutn to long
terni. Consequently, are maintAined in a bank dew)sit account
Reserves Policy
The chaTiry have established a￿lleY to maintain unresthcted fiJndsTh)t committed or invested in fLxed assets i.¢. 'free
reserves, & a level of betw¢¢n one and two Yea￿ of unrestrieted expenditur¢. This provides sufficient levels of fi￿dS
to be ableto continue the current aCtI￿lieS of the charity and io pr(>vide sufficient time to consider 8T)d replace existing
funding sources should there be a significant change in presellt fi]ndtng arrdngements.
The reserves p)licy is reviewed annualty.
Secretariat
The Trustees wish to express their appreciation of the WOTk undertakth by Mr J Morgon in rU[mi￿ the secretirtat
and administrativ¢ till￿tIOns of the TruA during the pasÉ year.
Independent Examiner
In accordance with the Trust Dee(L a prnp)$￿ to rtrappoint Company Solutions Lirnited for the forthcoming ye
will be put to the general meeting.
On behalf of the Trustees
Phillip Oxt￿￿
5 October 2022

FUNGAL INFECTION TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FUNGAL
INFECTION TRUST
I report to the trustees on my exaMI￿tiOn of the financial statements of Fungal Infection Tn]st (th¢ charity) for the
year ended 30 April 2022.
Responsibilities and basis of report
As the tsijstees of the charity (and also its directors for the pu￿￿)seS of company law) you are responsil)le
for the preprtion of the fjnancial statements in accordallce with the requtrements of the Companies Aet 2006 (the
2006 Act).
Elaying satisfied myself that the financial 5rate￿ellts of the th&ity are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examinatiory I repTrrt ID re5IKrt of my eXa￿]natiOn of the charity's financial
statements CaTried out under seuion 145 of the Charities Act 2011 (the 2011 Act).
In carryllig out my &xamination I bav¢ followed all the applicable Directions given by the Chariry Commission under
section 145(5)(b) of the 2011 ACL
Independent exa￿￿￿er,S statement
I have COTnpl¢ted rny examination. I confinn thai no mauers have come to att¢Trtion in connect with the
examinatioTh gtving Jne cause to believe that in any material respect:
accounting records were not kept in respert of the charityas required by section 386 ofthe 2006 Act,.
OT
the financial statements do notatcord with those records: or
the financial statements do not comply with the accounting requirements ofsection 396 of the 2006
Act other than any requirement that the accounts give a true and fair view which is nota matter
considered as part of the independent exatnination: or
the financial statements have not been prepared in accordance wtth the methods and principles of
the Statement ofRecommended Practice for accounting and reportKng by charities applicable to
charities preparing theiraccounts in accoTdance with the Financial Reporting Standard applicable in
the UK and the Republic of Ireland (FRS 102).
I have no concerns and have come acri￿ no other matters in connection with the examination to which attention
shoul
drawn in this report in order to enable a proper under￿athg of th¢ fiDallcial statements to be r¢ath¢
Roslvn Bea
Company
eFCA
lutions Limited
Date
October 2022

FUNGAL INFECTION TRUST
STATEMENT OF FII¥4ANCIAL ACTIVITIES
PERIOD ENDED 30 APRIL 2022
Totsl
funds
Year to
30 April
2022
Total funds
Y&v to
30 April
2021
Unrtsirnt Designated
funds
funds
21ll2
Note
21b22
INCOMING RESOURCES
IDcomiDg rtsollrees from generxted funds
Voluntary income."
Donation5 and gants
Activities for ge￿¢ratIng fuDd&"
20.918
20,918
17,535
Investment ineome
Incoming resources from cbaritsble
activitie%
Dollations and grants
30
30
48
l R.435
11.435
119.503
TOTAL INCOMING RESOURCES
20.948
32,383
137,086
RESOURCES EXPENDED
Costs of charÉtable aetivities
Charittble a¢tiVilies
40,091
55,789
95.880
153,359
Governance costs
6,703
6.703
19.877
TOTAL RESOURCES EXPENDED
46,794
55.789
102,583
173,236
NET MOVEMENf IN FUTrIDS
-25,&16
44,354
-70200
-36.150
Trdnsfers betwecn fill
Totsl Funds brO￿￿t foTwatd
105.217
116215
221,432
257,582
TOTAL FUNDS CARRIED FORWARD
79J71
71,861
15 1.232
221.432
The statement of financial activities include5 all gdins and losses recognised in the perio
All incoTn¢ alld CxpU￿ith derive from colltinuiog activities.
The statement of financial activities also complies with the requirements of an income and expenditure account
under the Cojnpatiies Act 2006.

FUNGAL INFECTION TRUST
BALLNCE SHEET AS AT 30 APRIL 2022
2022
2021
Note
CURRENT ASSETS
Debtors
Cath at bank
26.162
229.181
163,580
171,480
CREDITORS
Amountg falling due withill one year
255.343
20248
33,911
NET CURRENf ASSETS
151232
221,432
NET ASSETS
151232
221,432
ACCUMULATED FUNDS
Restricted fi]nds
Designated
General unrestricted fi]nds
io
71,861
79,371
116,215
105.217
151232
?21,432
The ¢haritable mpany ts ¢ntttled to exemptlon from audii under Section 477 of the Companies Act 2006 for the
period ended 30 April ?022.
The Trustees have not required the Ch￿itable company to obtain an audit of its financial statements for the p¢riod
ended 30 April 2022 iu accordance with SerttoD 476 of the Companies Act 2006.
The Tr￿Stee5 acknowledge their responsibilities for.
a) ¢nsuring that the charttable company ke¢p5 accouDting reconls that cornply wxth Sections 386 and 387 of the
Compani-s Act ?006 2nd
b) preparing fllW)cial staEements which ￿ve a true and rair view of the state of affairs of the ¢haritsble company ag
th¢ end of financial yeaT and of its Surpl￿$ or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and iTrhich otherwse cornply with the rquitrments of the Cotnpanie9 Act
2006 relating to financial stoterneftt% so far as 2ppli¢able to the c])aritabl¢ company.
Th¢se f￿ancIal statements have been prepared in accoTdance with the special provisions of Part 15 of the Companies
Act 2006 relating to small charitable eompamies and with the Finallcial Repjrting Standard for Smaller Entities
{effective April 2008).
The financial stAt¢ments w¢re approved by the Board ofTnL%t¢es onl*￿5 October2022 and were signed
on Its behalf by:
Mr J C Morgan
io

FUNGAL INFECTION TRUST
NOTES TO THE ACCOUNrs
FOR THE YEAR ENDED 30 APRIL 2022
CHAIUTY INFORMATION
Funtsal Infection Tn￿t is a private company limated by ouardniee incorporated in England and Wales. The
registered office is P.O.B 482. Ma¢cl¢sfiel¢L Cheshire. SKIO 9AR
I. ACCOUNTING POLICIES
The principal accounting policies adopte¢ judgements and key sources of estimation of uncertainty in the
preparation ofthe financial statements aTe &8 follows:
Basis of preparation
The financial sthiements have been prep￿ed in accordall￿ witb Accounting and ReportiDg by Chariti¢s.'
Statemeni of Recommended Practice applicable to ctwitie5 preparÉllg th¢ir ar¢ounts in accordance with the
Financial R¢porting Standard applicable in the UK alld Republic of Ireland (FRS 102) (effective l Januarv
2015)- (Charities SORP (FRS l(r2)), the Financial Reporting Sthndard opplirable iJ) the UK and Republic of
Ireland (FRS 102) and the CompaDies Act 2006.
FIT meets the definition of a public b¢D¢fft ¢ntity und¢r (FRS 102). Assets and liabiliti￿ are inikna]ly
recognised at historical c(￿t ortransaction value ut)less othetwise stated in the relevant accounting policy
note(s).
b)
Goillg ConceTD
At the time of approviT)g the finallcial Stste[nen￿ the trL8tees have a re&8onable expectstion that the charity
has adequAte resources to continue in opemional existence for the foreseeable fiLture. Th￿8, the t￿￿teeS
continue to adopt the going couc¢rn basis of ao¢ounting in preparing the financial statsments.
The thatity rnaintains the following t)yes of fi￿os.
DeSi￿￿tedfi￿dSrepres￿￿t gr2nL% donations and lewies received which allocated byth¢donor for specific
pun)oses.
General unrestricted fimd r¢pr¢sents U￿￿cted inC0￿C which is exFDdable at the discretion of the trustees
in the furtherance of the objects of the charity. Such a fund may be held ID ord¢r to finance both working
capital and capital investtnellt.
There are no restricted fimds in the Charity.
d) Incoming Resources
All in¢omints resourtts are reco￿]Sed once the charity ])&8 eniitlement to the resources. It is certain that all the
resources will k received and th¢ Tnonetary value of iticomiDg resources can be measured with sufficient
reliabilitv.
ii

FUNGAL INFECTION TRUST
NOTES TO THE ACCOUNTS
FOR TIIE YEAR ENDED 30 APRIL 2022
e) Resowces Expended
Exp¢nditur¢ is rttog]is¢d on an acc￿￿1 basis &s a liability is in¢wTed Ext*nditille includes any VAT which
cannot be fijlly recoyered, and is retx)rted as p&t ofthe expellditure to wthich it relates:
Costs of gen¢rating fimds ¢ompris¢ th¢ Costs asso¢iat¢d wtth attra¢ting volulltary in¢om¢.
CI￿lIable ex￿￿[ture comprises those costs inewred by the elthrity in the delivery of its activities and
services for its beneficiaries. Jt Includes knth costs that can be all(￿atrd dI[￿tlY to such activities and
tbo* CO*s of an indirect ￿atUre necessary to support them. This exFtnditi]re iJJ¢ludes all expenditure
directly relatrd to the objects of the charity.
Governallce costs include those costs associated with rneeting the constitutional and statutory
requirements ofthe charity and include the independent eKatnin¢r's fees and costs linked to the strategic
managejneni of the clwity.
fj Taxation
The charity is exenipt from coiimtion t&x on its cknitable actibTrtie&
DONATIONS AND GRApirs
Total
fuDds
Year to
30 April
2022
Total
funds
Year to
30 April
2021
GeDer41
UDresÉrieted
FuDds
2022
Designated
FuDd$
2022
Genernl donations
20.918
20,918
17,535
Genera] donaÈions include sundry amounts donaied to the charity by members of the public. No gifts in kind
have beell received in either the cuThent or previous year.
ACTtVlTIES FOR GENERATING FUNDS
INVESTMENT INCOME
General
UDrotricted
Dds
2022
Totsl
fulld5
Year to
30 April
21)22
Total
fi]nds
Year to
30 April
2021
Designated
Funds
2022
Bank inler¢5t
30
30
48
12

FUNGAL INFEcrtON TRUST
NOTES TO THE AccouIYrs
FOR THE YEAR EIYDED 30 APRIL 2022
INCOMJNG RESOURCES FROM CHARITABLE ACTIVITIES
Dof4ATIONS AND GRANTS
Total
funds
Year to
30 April
2022
Total
funds
Year to
30 April
2021
Gellenl
UDrestri£te
DesigDatsd
Funds
Fullds
2022
2022
Gil¢ad
Pfizer
ZamboJJ
Mayne Pharnia
Huskisson
D)ryJamiker
SuDdry
7,900
7.900
23.700
34,625
17,009
11,042
31,250
3,535
3.535
1,877
119,503
COSTS OF CHARrrABLE AcfMTIES
Totsl
futlds
Year to
30 April
2022
Total
funds
Year to
30 April
2021
Un￿&1￿ Designated
rullds
funds
Note
2022
2022
Donations and grants
Project costs
Travel grants
Governance costs
40,091
42,763
13.026
82,854
13.026
118,385
34,974
6.703
6,703
19,877
46,794
55,789
102.583
173.236

FUNGAL INFECTION TRUST
NOTES TO THE Accouwrs
FOR THE YEAR ENDED 30 APIUL 2022
COSTS OF CHAR￿ABLE AcrIvrrtES
FR0￿CT COSTS
Totsl
fuDds
Yearto
30 April
2022
Total
funds
Year to
30 April
2021
UJw¢sti7￿ Designated
funds
funds
2022
2022
U￿ve￿Ity of Manchester Research Team
(iO.IKK>) (10,000)
10.000
Otber activity costs
23.026
23,026
24,974
13.026
13,026
34.974
GOVERNANCE COSTS
Totsl
funds
Year to
30 April
2022
Total
fi￿d$
Year to
30 April
2021
Generni Designatsd
fuDds
lunds
2022
2022
Insurance
Legal and professional
Trav¢1 and meetÈng costs
PrintingJpostage/statioDery
Accountanry fees
Bank ¢harg¢s
Promotion Costs
FIT Website Costs
810
13
150
458
1200
162
810
13
150
458
1200
162
810
13
681
1,150
138
953
16,132
3.910
3,910
6.703
6.703
19,877
DEBTORS
2022
2021
lllvoiced
7.900
26,162
CREDITORS: Amounts fallittg d￿¢ witbiD ODtrytar
2022
2021
Accruals
20248
33.9RI
14

FUNGAL INFECTION TRUST
NOTES TO THE AcCOU￿￿s
FOR TIIE YEAR EIYDED 30 APRIL 2022
10. MOVEMENT IN DESIGNATED FUNDS
Imay
2021
GJitL% 30 ApAI
& Transfers
2022
ID(XTrJne
Aspergillus Websit¢
84.965
11.435
13,026
83,i74
Stella Huskisson me￿orIal Fuud
31.250
3 1,250
LtFE-Worldwide
42,763
{42,763)
116215
11.435
55,789
71.861
11. RECONCILIATiof¥ OF MOVEMENTS IN GENERAL FUM)S
2022
2021
Deficii (20215UTplus) of income over expeladiture for the y&qr
Funds at the beginning of the year
-25,846
105,217
25.771
79.446
Funds to fmvard
79J71
105.217
12. ANALYSIS OF ASSETS AND LIABILKTJES BETWEEN FUNDS
c￿¢T￿l
UDrestri¢ted
funds
Total
ftsnds
2022
D￿Ignated
funds
Current assets
C&sh at bank and in hand
D¢btor5
Current Itabilittes
92,917
70,663
7.900
-6,702
163,580
7.900
-20,248
-13.546
79,371
71.861
J5

FUNGAL INFEcfIoN TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2022
APPENDIX
Publications supported by the Fungal Infection Trust in 2021
l. Stucky Hunter E. Wilopo B, Richardson MD, Kosmidis C. Denning DW. Effect of
patient immun(Kleficiencies on the diagnostic perforn)ance of serological assays to
detect A5pergillus-specific antib(Mli£s in chronic pulmonary aspergillosis. Resp Med
2021-178=106290.
2. Gago S. Overton NLD. Bowyer P. CIUSPR-C&s9-Mediated Gene Silencing in
Cultured Human Epitheli& Meth(th Mol Biol 2021.2260:3747.
3. KotTi D, Ira V. Bonouman IV, Tour¢ AO, Kouadjo F, M'boh N'GRE, Sylla K,
Dossom. Dennino DW. Estimatss of Serious Fungal Infection burden in Cote
d'lvoire and Country Health Profile. J Mycol Med 2021;31:101086.
4. Roz21iyani A. Setianingrum F. A7ahra S, Abdullah A Fatril AQ Rosianawati El.
Burhan E. Handayani D, Arifin AIL Zaini J, Tugiran M. Adawiyah IL Syam 11
Wiknwo H. WahwningsThi 11 Kosmidis C, Denning DW. PerfoTmance of LDBio
Aspergillus WB and ICT AntiEKty Detection in Chronic Pulmonary Aspergillosis. J
Fungi (Basel) 2021-7(4)=311.
5. Niazi-Ali S. Atherton GT. Walczak ￿ Denning DW. Drug-drug interaction database
for safe prescribing of systemic antifimgal agents. Ther Adv Jnf¢¢tious Dis 2021.8:1-
6. Kuate MPN, Nyasa IL Maodengue C. TendongforN. Bongomill F, Denning DW.
Screening for acute disseminated histoplasmosis in HIV disease using urinary antigen
det￿rtion enzyme in]muno&wy: A pilot swdy in Camerwn. J Microbiol Methods
2021=185..106226.
7. Pfavayi LT, Denning DW, Baker S. STr1 landa EN: Mutapi F. Deterniining the burden
of fungal infections in Zimbabwe. Sci Rep 2021;11:13240.
8. Denning DW. Diagnosing pulmonary aspergillosis is much &￿Ier than it used to be:
A new diagnosti¢ landscape. Int J Lung Dis TB 2021.25:525-536.
9. SueiriFOlivares h£ Scott J. Gago S. Petrovic D. Kouroussis E. Zivanovic J. Yu Y,
Strolkl M, Cunha C. Thomson D, Fortun¢-Granl IL Thus¢k S, Boi¥y¢r P. Beilhack A,
Carvalho A, Bignell E, Filitx)vic MIl Amich J. Fungal and host protein
persulfidation are functionally correlated and En(MJulate both virulence and antifungal
response. PLOS Biol 2021"19(6):e3001247.
10. Ben-Gha72i N. Gago S. Thomson D. Seidel C. Moreno-velsaquez S. Denning DW,
Read N, Bosvyer P. A hiJ(F _resolution automated quantitative confocal microscopy
approach to ¢haracterise A.fumigalus fafr within airway phagolysosomes. J fungi
2021-7..454.
I I. LAkoh S. Orefuwa R Kamara MN. Jilm DF. Kamara JB. Kpaka S. Denning DW. The
burden of serious fungal infections in Sierra Lwne: a national estimate. Ther Adv
Infectious Dis 2021.8=1-12.
12. Wahyuningsih IL Adawiyah IL Sjam IL Prihartono J, At Wulandari E, Rozaliyani
Ronny 11 Imrdn D, Tugirdll M. Siagian FE. Denning DW. Serious fungal disease
incidence and P￿valence in Indooesia. My¢05¢5 2021:64:1203-12.
16

FUNGAL INFECTION TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 APIUL 2022
13. Kamwiziku GK Makangara JC. Orefuwa E. Denning DW. Serious fi]ngal diseases in
Democratic Republic of Congo - incidence and prevalence estimates. Mvcoses
2021.64:115949.
14. Rowley J, Namvar S, Gago S, tAbram B. Bowyer P. Richardson MD. Herrick SE.
Differential Proinflammatory Responses toAspergilltLsfvnigttsw by Airway
Epithelial Cells In Vilro A￿ Protease Dependent. J Fungi (Basel) 2021;7(6):468.
15. Dorkenoo AM. Adjetsy-Toglozombio AK OCaT￿Y BK Sossou E. Lack F, Denning
DW. Estin￿ted Burden Of Serious Funool Infections In Tooo. Mycoses
2021.64:153541.
17