RF.GISTfr.RED COMPANY NIJMBb.R: 08031174
Rb.lJlSTLRF.D CHARITY NUMBL.R.. 1147658
UIYGAL INFECTION TRUST
REPORT Al￿ ACCOUNTS
30 APRIL 2024

FUNGAL KNFEcfioN TRUST
INDEX
P*ge
Referojce and administrntive details
Independent &xaminer's retM)n
Statemellt of fllmnciat activities
10
Ba]an¢e Sheet
Notes to the accounts
16
ApEfTKIix
Scientific publi(ztions and presentations

Trllstees
Professor P J FolkmaD
Mr P G Oxnam
Mr J C Morgan
Dt C P9￿u[sI
Professor R Hay
Hon Secretary
Mr J C Morgan
Bankers
Royal Bank of Scot]and
Macclesfield Chestergate Branch
l Hardman Boulevard
Manchester
M3 3AQ
Indepelldent Ex2miuer
Roslyn B¢attie
CoEnpany Solutions Limited
2 Festi*al Sqlwe
Little Gennany
Bradford BDI 5BD
Registered Addre&8
20 Elsdon Place
SL Georees Wood
Notthumbcrlalld NE612GY
Charity RegistTation:
1147658
CoM￿nY Registration:
080J1174

FUNGAL INFECTION TRUST
TRUSTEES. REPORT
The IM)ard of Trustee5. who are alsodirectOT5 of the (Tharitr forthe purrK)ses of the Cornpanies Act 2006, present their
rcport and financial staiemcnts of Fun8ai Infeetion Trust for the N'ear ended 30 April 2024. The flnancial statements
hai'e preprcd in 2ceordan¢t I￿*b the atu)unting wJli¢iL8 as set out on page I l aDd cotnply I￿7th the ch2ritv's
Irust dee(I the Ctsmpallies Act 2(K)6 and the State￿ent of RecollJmen(kd Practice- Accounting and Reporting b).
C'harities 2011.
STRUCTURE GOVERNANCE AND MAP4AGEMENr
The Ftjngai Infection Trust l-The Charit)." or"The Trust-or-Ffpi is a tomwiy litniied by guarantee and governed
bv its Memordndum and Articles of A&￿￿1￿10n.
DIRECTORS APID TRUSTEES
I'he dir¢ctOT5 of the charitable wrNpanY #re its TTUStee5 for the of chartty law and throughout this retxkrt are
collectiNclv rcfcrred to &5 Éhe Trnstees.
The Trustee5 Serving duriTrg the year Fere follows:
MrPGO%na
Cb*irmx
Mr J C Morga
Profe&sor P J Folkma
Professor R Hxy
Dr C L Pankhurst
New'frustees are iThtervteM'ed and appTriTrted b) the existing Trustee5.
Risk Mallag¢￿ent
The Trustees have examined the major stratrgic. busin&Ks and Omional risks which the ¢haritv faces and ¢onfimi
that SN'Stems have been established to enable regularrerrtwtsto be [￿odUCed so that the neces5aTr stq)s can be taken to
lessen these risks.
orgxnlsatiots￿ Stryctsrt xDd c￿ern#￿te
The Trust is managed by the Trustrek The Trust has no paid or Troluntar) etnploNtts. Acc(yunts are prepared b!. the
SecretarN' on a regular b&sis and presented to the Tnjstees at their meetirtgs. The firtancia] of the Trusi is
rei'ieis'ed by a Trustee sutr￿ComMIttee prior to each Tn]ste¢s" meeting and tts recommendations pr¢sent¢d to the
meeting. A minimum olthree Tnjstees meetitigs are heid each )tar.
Responsibilities of Trusttts
Law applicable to chariiic5 kn England & Wales requires the TnJsLeesto rw fjnancial ststements foreach financial
year il'hich giN'c a truc and fair Tr'ieii. of the incoming r￿urCeS and appli&qtion of thc resources of the charity during
the )'ear and ot.its St*e of affairs & the end of the )rar. ID preparin8 fuwicial statements o js'in8 a truc and fair Tr'iew.
the Tru5ttts recogni5e thei. Should follow best rnice and:
select suitable accoutrtÈng w)licies and then appl). them consiAentl>'-
mdke judgements and esiimales thal arc reasonable and pruden
stste w'hether applicable a¢¢ouniing ststsdards aJLd s￿lements ofiecornlnended practice ha￿e ￿ell followe(L'
Pre[￿re the financial statements on the going concern FA8is unles5 it is inappropriate to presume that the
charity ￿7]1 continue Èn opcration.
Tht Tnjstees are rcstx>nsible for keeping proFtr accounting records ivhich disclose ￿'&th re&8onable accurdcy the
financial position ofthe ¢harity andM'hi¢h enable theTn to as¢ertain its financial ￿$ll￿ona￿dI0¢n%Ure that the finantia]
slateni¢nts compl} Mith the r￿M￿leS A￿ 2006 and the Sta￿meth of Recommended PracLice - Accounting and
Rep)rting b>. Charitie5 2005 and the TruA Dee(L They are a150 rwn5ibl¢ for safeguarding the awts of the charity
and hence for taking rtr&sonable step5 for the prei'eniion and detection olfiaud 2nd other irrcgulariiics.

FUNGAL INFEcfioN TRUST
TRUSTEES, REPORT
OBJECTIVES APID ACTIVITIES
T() rwomote research in all asFcts of rnvcolog!.. MI'C￿1¢ di5easffj fun801 toxicology and microbial disease lof
all lii'ing things) and to wblish the useful rEsults thereof.
2. 1.0 adl'ance education particularl!. among phN5icians and s¢t￿tiSts al￿t mycologj.: mycotic diseases. fungal
toxicology and microbial diseases in gencrai.
3. To generally support basic research into fiEngi and fullgal disease, train scienli5ts in mycology and related
di5cipline5.
4. To provide infornialith) to parients suffering from f￿ngal diseases. in ]Mrticular asttrqllosi&
S. To raise aM2rene&s of fungal ￿thOge￿S and fungal diseases amongst the general publi¢ in the UK and
intern8tionaJly.
Revitw of Attivitits R¢vxw of Activit*s
Ti]e FIT web5it¢ Iili%Tri.tun￿lithl￿l1EiJ17IIlls[.I)TrT) re(wthd a slight fall in traffic fioln about 660 visitors per tnonth in
2022 to earl). 2023. to an average of46) unique visiior% per Tnonth in ?023-mi4 2024. The most popular pages after
th¢ home page are 8kiJL hairand nail infection. Research 8ranty What ￿"t Lk). andthe linksto the Aspeigillus Website.
and Microfungi.
The rise of.fake neils and other online wicuMed sour¢cs Incr￿Se5 the %2lue of the trusted Frrs authoritative fungal
disease online resourees.
Online education in fun
micro￿P￿. and histolo
The FIT supports the world's fjrst online Microscop). and El1th1o￿. course. To (tste this ¢our5e has hosted neari)"
5.000 distill¢t u￿rs from ￿er l)0 countrie& a 61% incrcase in user5 over the year 2022-2023. Thi5 can bt attribllteLI
to the tar8Ctcd marketing ha5 taken plac£ to promo* the r￿11. urx]ated tesvwce5 in Modules 2 and 3. Translation
of the resource u]xlates kn'ere completed fi)r Fr¢noh: Spanish, at￿ Pmuguese.
with Chinese in progress. In 202J alone. atmosi 5.1K)O Indi￿.1(￿1a7 sessions M'ere
recorded on ihe platforni. microfi￿gr has a gloEd rrdch. With oier 110
dIffe￿rtt CO￿trIeS rq)rescntc(L The Tnain audiencts are in the table.
'I'hose registered on the Course Can r¢-en(er the ww5e at anv time to ￿fresh
their knowledge. This Tnakes Tnicrofimgi an ini'a]uabl¢ life-l¢)ng leaming twl
for all healthcare practitioner5.
TheAs
-Ilu8 Website
c￿Try
Usen%
1325
424
-ItkJ
The Asp¢rgillus Website celebrated its 25 Year in 202). The Asr£rgillus
Website is the i¥orld"s most comprehensive res0￿ ihe pathogenic and
allergenic fungi Asperoillus and all the diseases this group of fungi ￿ll$e_ It is
completely fr¢e to a]1 uKr&
The Aswgillu5 Website 15 Sttll rrad verv ￿7￿¢1! acros5 thc wortLt It has alx)ut
6.500 uniquc Trisitors mortthl}". ivhich is a slighi fall froTn wevious Yl￿ but
this usage d(ts [￿t record all the users of the drug int¢wtion datab￿.
The AS￿rgi1]uS Websiie wovides free ￿Y ac¢ess ¢0 >74.(XX) over
16,21K) scitntific articles (including a unique collcction 01 8J6 histori¢al
articles) and over 17.320 conftrenct abstra¢¢s 1974 On￿th.
The A%TKrgillus Il'ebsite hoAs a ¢Limpr¢h¢rLSiif list of drug-dTug int¢Tactions antifimgals th,hi¢h 15 continuall
updatcd. This drng intern¢tion datab￿ iiiiiii.asrLriTIIIu%.Iiriy
-InliraLITcins1 (including the
antifvngal drug interaction app for anitroid phones} is twular atid Mtll used. The datab￿ &8 of Ma), 2023 hi)sted
inter2Ctions bctiveen 1628 liceD5ed ¢bug5 and 13 sl'strmtc aniifungal agents (a total of 21,164 tx)5szble inieractionsl.
In 2023. 50 n•i'ly registered drugs iirre a<l(kd into the datab￿. iiith neil. entries ]Enetting the interaction5 that exist
wilh the antifun8al a8ents. In addition i2 entri￿ W¢TE Ut*Jatcd new infomation. The new antifungal
ibre%afungerp added. The supp)rt sotlwaE was a]so upjated to wovide 8reattt thilit)..
A majtt review p￿r w&s pub]i$hed in Awil 2024, that had at its Core data from the Antift]nga] Drug Inieraction
database15ee below).
380
89
47
45
37
30
29
70 IAalay
26

FUNGAL INFEcfIoN TRUST
TRUSTEES, REPORT
Joumal of
Antimicrobial
Chemotherapy
J Anrifflicrob Chemochoy
httpsjldos.orgll0.1093fl￿10kQel03
Triazole antifungal drug interactions practical considerations for
excellent prescribing
Russell Lewis C . Saoroh Niaz￿AlE..￿ , A[￿reW Mclvoè. Souha S. Kanj . Johan Maertens . Matteo Bassettl .
t*borah levi￿ . Andreas H. Groll u and Dtjvid W. Denning
Tub* l. TotdityofonlthJwl rter(￿l[￿]S￿￿esOnL[Qt[E¥￿t0￿￿É*ity I￿rrI￿￿￿OI￿rnId￿￿l￿ thègNaicomknnationnthÈ
AMPA$￿ AmrthB Arith P*0 C05PD
22
23
133
133
120
122
1353
1350
vl￿ oiese Ilxexo TÉYtswfme
49
57
i£0
173
141
21S
181
194
92
79
223
163
189
1484 1359 1133 1109 1124 1072
118
212
den)te
li
82
92
1539 IS25
15
96
1516
15
1610
1627
In a t￿lea[ quarter. there are 7(M) users of the aniifungl in￿raCtIOnS Iitbsite: mollnew users. The greatest number of
Lwrs are from the UL USA. Chin4 C8nad& thrtnan)". A￿lIa and Brazil.
l.eadin
Internati(Trna]
al F.du¢atitsn
Education of healthGve professionals is a kel. need to ]M￿￿"e diagnosis and thernpj. The l.IFF. ￿ebSIte has been
0￿rating srnce 2012 the obj￿11"e of prm'idints edu¢*ton (M this highly spe¢ialÈsed TOPI¢ for ¢linieians
.Likl. Th¢ F.ngli5h language kersion 15 rthiTrantlN N'seii'ed fTorD IJSA, InLfi& Ilk,
Nigeri4 Philipptnes Canad& with China failing the top 10 countrie&
There has been substantial 8roMth of usage from SEAsia MithoN'er42.0(M) users
(a >50￿/0 rise). The wljole l.IFE website is a150 ai'ailable in Spantsh. over
5:5(K) iJs¢rs from Mexico. Spain, Col¢)mbi4 US& P¢ru and Argentin&
The most p)wlar rAges otj the b.ngJish *trsion are the fungal culture.
mi¢ros¢opy.
¢lini¢a] gJideline& otomy¢osis.
tin
histopathologi. fungus bajl of the sinu5e5 and C￿MIlda 5pp. different fro￿ the
pre&ious year.
On the Spanish i'erstott, the most wlar pges are fungi,
otom}'c05is. tinea irnbriLX fungal cdu¢ation. Canthd@ TrichoplD¥on: Beta l.)
8]Uea￿ jobs and career% Aspe￿1111￿ Rkndt%or￿l(l again different fr(￿￿ the
previous year.
LIFE'S YouTulx dwinel was setup it) 2017 and has 4,700 suiwkni
42.089
UnitÈdSlatos
671
2.938
Ni9¢riè
p￿11￿￿￿%
l.C77
946
Jl
to be 2 very imrKYt3nt comFrt)nent ofthe LIFE WoAdiiide ethjcattonal offerin8.
Ithosts I I I videos i¥hich hal'e iNatched >517,(KK) times￿1th 95.OIM) vieThs
in the lasi Tr'var. There is still Mides]xead interest in the antifimgai medieauon I
video& but there has a surge in interest in tinea ¢apilÈs and our featsuyd
skin incision video&
733
donesr
725
10 Pth5lan
724

FUNGAL INFECTION TRUST
TRUSTEES, REPORT
PPFE
Antifungals
Antifungals
Antifungals
'Fluconazole Itraconazole Voriconazole
7Tr.55
rmatophytes
Cryptococcus
Invasive
', PFE
Antifungals
Tinea capitis Pathogenesis
Amphotericin B
t3Kvth+SytZS
Cryptococcus
Cryptococcus
PIFE
Candida
Antifungals
Breastfeeding &
pregnancy
Antifungal
managem
Diagnosis
1￿7
caftdi(fia' ,
1*36
an￿[u￿?
IIK*ThB+6)tJrnb)I
8tKv.￿-
rmatophytes
Candida
MALDI-TOF Galactomannan
ideDtificatiqa w: . £Platelial
Tinea capitis
Id¥
LIFL manages a separate Nirteraccount ilhieh haswwn its folloiNersoi'erthe tasi Nearby I￿/0 to-16(K). Although
Ive hai'e continued to use i)ur Tivitt¢r d￿the1 as È methTrJ of wmmunitation. 2023-24 ha5 seen a re21 <trop off i
s¢itniitic Inte￿51 M the platforni. There are n(*iceabl!' f￿￿rr m)cOlo￿ colleagues. and scientists in general, usin
this platform due to the increased t￿litiCISation and rise in advertising on Tii'iuer Call￿ X). Our en84ement
rigures are much red￿ed Mhen Compared to 2022-23. In 2022-2J rtteived oi'er I Iok impressions but in 2023-24
this fa]len to iok. For 2024-25 LIFTr. will f(tus cxploring so¢iai ]ncdia pIaff<Th￿ to access our audience.
Burden of fu
al dis&q5e CStim*es
A component ofthe I,IFTr. etTort ha5 Fttnto a￿￿ette$S0r fiLn8al infections generally. byquantrfjryngthe problem
better. This has involved estimating the burden of serious fun8a] dise￿ in oi'er 100 tvuntric5, to higlllight the
seriousness of a range of primap" 8nd serondan" fitngal di5e&ses. Re[￿e￿IMationS for Ilgand*w2s published in the
l&< i"ear. Addittons since last S'¢<W'S rq￿rt are underlined.
Published in journals (x87): AlgeTi& Ar8ellti￿ Austri4 knrtwjan. Bangladesh. Be[￿UM. Brazil, Burkina Faso,
Cam¢roon, Carod& CaribiKan Chile: thin4 Colombi4 Congo (Republic OD. Cote d'IN'oire, Czech Republic,
DeTno¢rntic Republic of L'on80 (DRC").. Del￿n￿ [k)fftiTrI(￿ Republic. Ecuador. b.gypL F.ritre4 b.Ihi(Ipi&
France: Germanj". Ghan& Grttce. G￿￿emaI4 Flondw4 IluDgaTi. Indi& Enthnesi& Irdn, Irelan￿ 18rael, lthl).
JaTnaic4 Jordall. Kaz2khsw Ktn%'4 KU￿21￿ K}W.zst￿ Maiaiii: MalaJsi4 Mali, Mexico, Morcr¢o,
MozaTnbique. Namibi& Neyal. Netherland& Nigeri4 NoTh¥7)': Oman. Pak"istan. P
Peru, Philippines,

FUNGAL INFEcfioN TRUST
TRUSTEES, REPORT
Portugal, Qdtar, Rorn8nt4 Russi4 Senega]. Serbi< Sierra LeoDC: South Afric& Spain, sri Lanka, 8udan. %￿rden,
Taiwa￿ Tajikistan, Tatwnii Thailan£L Togo. '] nnidad and TotAgo. Tunisi4 Turk¢)', 11
anda lurmtstedl, U
Ukraine, llnited Arab F.rnirate5 Urugua). U26ekiw Vielnam and 7.imbabNE. Published burden pa￿T5 are
Presented in abstractI￿ster form at conferences but not J'ct published (x13}: AUs￿all￿ Belarus, Benin, Iraq,
Sapan. MadagaKar. Mongolia. NeM' /.ealarf Pardgua). Saudi Ay3bi4 Singap)Tt. Venezuel< Zarnbia (detail is
aNzilable on the LlI-'E ii'ebsite in the neil's section liiip.- iiil ii.lIlL-IliirlJiiiJL.i)ri'
Thc FIT atso sup]x)rted seieral am￿rIant research publications and TeN'ieM's (see Appendix 11. There M'ere 10 ￿tr.
reN'iei¥ed publicatLi)nS Lll calendar!rar2023 con54uentto FIT 8rdntsandcollatK>ratio#s. The A￿able vu4>Uts include:
A comprehensive review ofinvasive aS￿gO]ll05lSttfter kidne). traTh$p1antati(￿.
An overview of histopl&sma in the maj(Y souree of hisioplasmosi& with manv gaps in knowledge.
A syste2mtic revieiy of the treatsnent outcome5 of mucorn!'cosi4 finding that surger). is critical, and that both
tM)sa¢onazole and isavuconazole alone are partiaili. successfu], but the ¢ornbinaiion of one of them, ￿1th
8￿phot¢￿GiTr or immediately after arnphotrricin produces much Irttcr outcotne5.
During the year SUPFQrt was giN'en to research wojecrs at the UnÉ%rTSitY of Manc7Kder. the unl￿£r57￿. of Ghana and
Semmel%iEiS Universitv, BUth￿L Ilungan... TryaNtl and LiNin8 AlloMwJce for attendgnee and presentallOD at
s¢ientifi¢ conferences are partofthe TTr￿"S rrt)lic} to suprM)rt scicntists it) the earlv s¢ages of their¢areths in mycology.
A fund h&s been established in memors. ofthe TTUSt'5 f(rtller Cha]nna￿ the latr Professor Geoff Scott. The Geoff Scott
Travel and Stholarship Fwid. A donation (o thi5 Fund i￿received fri)mthe Infection Medical C".hambers Parmership.
Grants M'ere aiTrarded from this fund to researche￿ from India. (ireece and The c7.ech Repllblicto attend the Advattces
Against A5pergi1105j5 and Ml'cology confereEKe in ￿lar& lthj)".
IVh• be￿erIted from the T￿￿.$ Artivitses.
Researchers iti the studv of fungi (m}colo￿).. respiratm. medicine and infectious diseases r]¥)m all over the Mwld
Medical doctor4 especially thmugh the Drug Interadions datslm
Patients and their ¢arers.
Stlldents of medicine. phamia¢v. bits1￿. and microbiolo￿.
The publi¢- sch￿1 chil¢fren. their teache￿ and tmrents.
How do the Trust's Artivities Bthefjt tht Public.
A￿aTeNe$S of fungal disease remains low among the genera] public. The FIT i¥ebsite enables the public to acccss
reliable informaiion quicki} on this topic. auwted b) the MO￿ s￿¢1?11$td I￿tb resources at LIFL-WorlthTride and
the A5pergillus Website. The FIT websiie also rt-tK)sts press aE]d general 5torie5 and explanatory articles for e85%"
acce&8 for au.
Future P￿lJ$
In 202￿5, translations of the Microfimgi educauoJJa] i¥elxsite into Chinese will be complctr& F.fforts to promote the
FIT online education and professiona] suNN)rt r¢source5 continue at major conferences tn F.urope, USA, Asia and
Afric4 ￿la onlinc talk& distribulion of br(Khure5 and dirttt conthci KNith hea]th¢aff rKactitioners. The .4swgillus
lehsite and the drug intewtion ￿rtaI iiill contÈnue to I￿ up1ated M"eekl)'. Several IIK-IM5ed public engagement
events are planned. Tbe FIT ii'tll reswnd to gratsi requests &$ i¢ has done preN'iously.
FINANCIAL REVIEW.
The results for the ￿riOd are sei OUL on tAge 9. There a swplus ollncome over ExFThditure for the year of
£224120?3 £{23,(K>8)). CoTFmQ tiovcrnavKe eX￿ndItUre represented 6.84Y*l of total income {2023 10.48Yol.
During the Jear grants and donations to supwrt the Ayrgillus and I.ITrF. ￿'ebsiteS ivere receii'ed from the charity.
Advance Against A5p¢rgi1105is and the pharma￿Uti￿ comJ%tnies pfiztr, Gilea(L 8hionogi and Mundipham
Investmtht Polity
The Trustees do not ¢onsider il)ev have suffieielrt free resmt5 to invest 5UTplus fi]nds for ajjy mcdiurn to long
teryn. CoDsequ¢ntly.. fund5 are maintai￿d in a bank dewisiE account

FLryGAL LNFECTION TRUST
TRLSTEES, REPORT
Reservts Policy
The ch2rity haTre established a policy to maintain unrestricted fi]nds noicommitted or invested in fixed ￿Sets i.e. 'free
reserves, at a level of bet￿.Cen one and tsTro vears ofullrestricted ewnditure. This prnvides sufficient leve]s of funds
to be able to colllinue tbe current activities ofthe charitv and to pn>vide sufficient time to consider and replaee existing
funding sources should there be a Si￿1]fi(￿￿ chatwe in present fi￿dI￿g aTrantsements.
The reserves policy is reviewed anlluklly.
Secretariat
Thc Irusrees wrysh to &N)re5s ther aFpreciation of the ii'oTk undertaken by Mr J Morgan in nmning the s¢cretariat
and administrative fi]nctions of the TTUSt during the past vear.
IndepeDdent Examitter
tn a¢¢ordan¢e the TTU5t Deeii a WOFosal to re-appoint C.ompally Solutions Limited for the forthcoming year
will be put tts the.￿￿erteral meettDg.
On be]Hlf of the Trustees
Phillip ()xnatn
3 September 2024

FUNGAL INFECTION TRUST
INDEPF.￿DE￿T EXAMINER'S REPORT TO THE TRUSTEES OF FUNGAL
INFECTION TRUST
I report to the Trustees on my examination of the financial statetnents of Fungal InfcctioD Trust (the charity) for the
year ended 30 April 2024.
Responsibilitie5 and b45is of report
As the Trustees of th¢ chariiy (and a]so its dIreCti￿S forthe purposes of company law) you arc responsil)le
for the prepardtion of the ftswi¢ia] ststements in accord￿ with tbe requirernents of the Companies Act 2006 (the
2006 Act).
llavin￿ satisfied myself that the financial statements of the charilv are not required io be audited under Part 16 of the
2006 Act and are ell￿ble for independ¢nt examination, I report ID r¢s￿of my examin￿0￿ of the c]wity's fJnaD¢ial
5tatetnents carried out uttder section 145 of the Clwities Act 2011 (the 2011 Act).
In carrying out my eXatn[n￿9￿ I have followed all the applicable Ditr£tions given by the Ch&ity COM￿15510￿ under
section 145(5Xb) of tbe 2011 ACL
IDd¢pendent examiner's statement
I have completed Tny examination. I confirni that no matt¢rs have come to my attention rn connection with the
¢xaminaTion giving tne eause to believe that in any Tnaterial respect=
accounting record5 were not kept in respertofthe charity as required by sectKon 386 ofthe 2006 Act.,
or
the financial statements do not accord those records.. or
the financial statements do not comply with the accounting requirements of section 396 ofthe 2006
Art other than any requirement that the accounts give a true and fair view which is nota matter
considered as part ofthe independent exaTnination- or
the financial statements have not been prepared in accordance with the methods and principles of
the Statement of Recomrnended Practice foraccounting and reporttng by charities applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and the Republic of Ireland {FRS 102).
I hav¢ no Concerns and have come across Do oth¢r matters in coT]nection with the examination to which attention
should
drawn in this report in order to eTJable a properuDder5¢aDding of the financial ststements to be reached.
Roslyn Bea
Bk..FCA
CoJnpaDy Solutions Limited
Date
41f
2024

FUNGAL INFEcfioN TRUST
STATEMLNT OF FINANCiAL AcfivITIES
PEIUOD ENDED 30 APRIL 2024
Total
futtds
Year to
30 Apri
2024
Total funds
Y¢ar to
Unr¢51rn* Ik5ignated
fujt
nds
2024
2023
Note
2024
INCOMINC RESOURCFS
Ineoming resourees from genernted funds
Voluntary income."
Donations aDd grants
Activities for geDerating funds..
Investment income
Infoming resources from charitsbk
actÉvities
Donations and wts
9.691
9,691
44,533
1,493
1,493
867
40,5
60.258
100,758
29,000
TOTAL INCOMIL¥G RESOURCES
51.684
60.258
111,942
74,400
RESOURCES EXPENDED
Costs of tbaritable aetivities
Charitable &tivities
23.6(
80.450
104,056
89,610
Governance costs
7,662
7,662
7,798
TOTAL RESOURCES EXPENDED
31.268
80,450
111,718
97,408
NET MOVEMENT IN FUNDS
20.416
-20.192
224
-23,008
Transfers between fiulds
Total Funds brought forward
100.779
27,445
128.224
151,232
TOTAL FUNDS CARIUED FORWARD
121.195
7.253
128,448
128.224
The Stat¢￿ent of fi[thllcI￿ activities illcludts all gains alld losse5 TecogDÉsed ill the perii)d.
All incom¢ and ¢xpenditi]re deriv¢ from wntinuing activiti¢5.
The statement of financial artivities #Iso c()mplies with the Tequirements of an income and expendith account
llt]der the Companies Act 2006.

FU￿GAL INFECTION TRbST
BALANCE SHEET AS AT 30 APRIL 2024
2024
2023
Note
CURRfU ASSETS
Debtors
Cash at baDk
136,897
CREDITORS
Amounts falling due within one year
144,79)
136,897
8.673
NET CLTRRENf ASSETS
128,448
128,224
NET ASSETS
128,448
128,224
ACCUMULATED FUNDS
Restricted ￿ndS
Desionated fun(Ls
(iener&l ut]restricted funds
io
7,2)3
121.195
27,445
100,779
128224
The charitsble cojnpany is entitled to exemption from audit under Section 477 of the Companies 2006 for the
period ended 30 April 2024.
The Tti]stees have not required the c])aritable cornpany to obtain an audit of its financial stxtements for the period
ended 30 April 2024 accordance with SectiOD 476 of tbe Cornpanies Act 2006.
The Trustees acknowledge tbeir responsibilities for.
a) ensurints that tbe chaTitable company keeps accounting records that comply Sections 386 and 387 of the
Companies Act 2006 and
b) preparing financial statemeErts i%hich give a twe and fair vieu. of the state of affairs of the charitsblc ¢OEnpany as
at the end of each financial VL7r and of its surplus or deficit for each financial yw in aecordance with the
requit¢ments of Sections 394 and 395 and iyhich otheN'ise complv the requirements of the Companies Act
2006 reLating to financial Statemen￿ so far 18 applicable w the ¢haritsble company.
These financial statements have been prepated in accordance the special provisioDS of Part 15 of the Companies
Act 2006 relating to small charitable CO￿PanI&s 3r.d Mith the Fillancial R¢porting Standard for Smaller Entities
(effective April 2008).
The fjnancial s
ents were approvedby the Board of Tn￿ee$ on 3rf September2024 and were signed on its behalf
f C
MrJC
10

FUNGAL INFEcrtON TRUST
NOTES TO THE AcCou￿rS
FOR THE YEAR ENDED 30 APIUL 2024
CHARITY l￿FoR1¥IATION
Fungal Infertion 'l'rust is a prii'*e eomrAny lirnited bj guardntee irwrpmted in F.ngland and Wa]es. The
r¢gistered office is 20 F.Is<kn Place. SL Georges 111(rf MorFtty NE612GY.
I. ACCOUNTING POLICIES
The wtncipal aetounting policics adop￿d. judgemcnts aThJ key sources of t￿]mall0￿ of uncertainty in the
weFaration of the finallcial StsteMtn￿ a]E as folloiiB=
Basis of prepartton
Thc fJnantia] slalements have t¢¢n prqmred in accorda￿ ￿1th.￿cCoUntinB and Rep[￿ting by Charities:
ststement of Recommended Practice applieable to ¢haraties preparing their a¢¢ounts in accordance i¥ith the
Financial Re[￿rting StsndaTd applieable in the and Republic of Ireland IFRS 102} leffe£tiN'e l JanLWI'
20151- Ichariiies SORP (FRg 1021). the Financial Rcporting Stsndard applicable in the IIK and Republic of
Ireland IFRS 1021 #nd the Companics Act 2(KJ6.
FIT aneets thc definitton of a public ￿nefIt under (FRS 102}. Assets and liabilities are iniiia]l)"
recognised at hi#tyital c05t transa¢tion value unless ollffi%ise ststed in thc relevant a¢¢ounting polic!.
note(sl.
bl
Going C'oncern
Followino the C"ov1t￿l9 pndernic funds fJ¥)m large pha￿￿￿ti(￿l (Yganisalions are themselves having to
restrict the grants and donations made to the charity. The IrLLSte£s 2re aaively dei'eloping a plan to Source
fund5 from ajiernatii'e orgaTLisalions. Ai the time of approvtng the financial 5tatemcnls the Trustees haN'e a
reasonabl¢ expeeialion that the ¢harit}' h&s adequ￿¢ resources to continue tn operational exi&en¢e for the
tore%eeable future. the Tn]Stre5 continue to adopt the gY>in8 con(xm b&si5 of a￿o￿ntIllg in twarin8
the fin2n¢ial slatements.
Fund 8trwtwc
The Cbarity maintsins thc following of fw)dk-
De5igTha￿d fi]n￿ rtpresentgrdnts, donations alldl¢8acioreeeived wljich area]loG*edbythedonorfor specific
purposes.
(lentt￿ unrestricted fund rel￿¢5¢￿￿ thJJEstri¢ted income thi¢h is ex￿ndable at the disC￿tion of the Trustees
in the furtherdnee of the objeds of ihe cEtsrity. Such a fund may be hcld in order to fina￿Ce ivorking
eapital and Capital ini'estm¢nt.
There are tjo restricted fun£i% in the Charity.
dl Incoming R¢sourcc5
All intoming resource5arc reco￿1￿1 the tharity b&sentitlementwthe re50urcw it is cerlain that all the
resources will Ix received and the Jwielar) value of inLx>rnirÈg resoutres can Ir me&sured with sufftcieni
reliabilits.
li

FUNGAL INFEcfioN TRUST
NOTES TO THE Accouiyrs
FOR THE YEAR E]WED 30 APRIL 2024
e} R¢sow¢¢3 Expenokd
F.xpenditure is rcco8Triscd on an accrual basis &$ a liabslit), 15 Éncurred. Elpenditure includes any VAT which
ca]Jnot Ix fully recoverfyi and is reFA)rted &8 w olthe eX￿nditure io Mthich it relate&"
Costs of generdting fun(L8 comprise the cosLs a8￿)elated with attractÈng voluntsry income.
Clwitable exiKnditure comprise5 those costs incurred bv the charity in the deliN'¢ry of its a¢b￿ltIeS and
seThTrces for its beneficÈaries. It includes costs that can be all￿al￿ diT￿tIN 10 such actLNiftes and
those costs of an indirect nature nece55aTh" ￿ SUPPDrt theTn. This exwdilure includes all expendiluFe
direcU)' related to the objects of Ihe chariiy.
CiOVtn)ancc c￿ts incllldc thosc costs a8sKiated ￿1th mectin8 thc constitutional and statutory
requiretnents olthe chartty and include the independent &xaminer's fees and Costs linkedto the strategic
management of the ¢harÈty".
T￿K￿lOn
The cl￿￿1>. is ex¢Tnpt from Cort￿10￿ tax ￿ its charitable activstses.
DONATIONS AND CIL4NTS
Tot21
Total
funiL8
Year to
30 ApTiI
2023
Central
Unrestritted Designxted
Funds
Funds
2024
2024
Year to
311.4pril
2024
General donaiio
9.691
9.691
1.533
General th)nations in¢lud¢ sundry thbna*d ￿ the charity mcmi￿rS of the public. No gifts in kind
haTre Ixen received in either the current or prwous Nrar.
AcrIvtTIES FOR GE￿Ell4TING FUNDS
INVESTMEr<r INCOME
General
Unrtstricted
Fllnds
21124
Total
fullds
Year to
Tota]
funds
Year to
30 April
2023
Dtsignated
Futtds
2024
30 April
2024
Bank interest
1,493
,493
867
J2

FUNGAL INFECTION TRUST
NOTES TO THE Accouwrs
FOR THE YEAR ENDED 30 APRIL 2024
INCOMING RESOURCES FROM CHARITABLE AcrtVITIES
DONATIONS AP4D GRANTS
Total
funds
Year to
JO April
2024
Total
fi￿dS
Year ti)
30 April
2023
G¢tternl
UDrestricted
funds
2&24
Designated
fuDds
2024
(iilvdd
22,4(X)
m￿dipharma
i.s(K)
15.(KK)
16.5(M)
Pfjzer
4.858
4.858
AAA
29,(KbO
29.000
Shionogi
18.¢MKI
18.000
Infection Medical Cha]nlKrs Partnetship
iQ(KK>
10,000
40.5
(rf).258
100,758
29,000
COSTS OF CHARtTABLE ACnVITIFS
Total
fuDds
Ytxr to
311 April
2024
Total
fullds
Year io
30 April
2023
fwnds
funds
Note
21124
2024
I)on&ions and gtEnts
Project costs
Trai'¢1
19.644
19.644
80,450
3.962
7.662
9.133
80,477
80.450
3.962
7.662
7.798
31.268
80,450
111,718
97.408
13

FUNGAL INFEcfIoN TRusr
NOTES TO THF. ACCOUNTS
FOR THE YEAR ENDED 30 APIUL 2024
COSTS OF CHARITABLE ACTivrrIES
PROJEcf COSTS
Total
fllnds
Year to
30 April
2024
Total
funds
Year to
30 April
2023
Uwtstrith Desigoattd
lunds
fuDds
2024
2024
UniveT5ity of Manchester Research Tcam
41.996
41.996
30,E62
Other aetivity costs
38.454
38.454
50.3 15
80,450
80.450
80,477
GOVERNANCE COSTS
Total
flllld$
Year to
30April
21124
Totsl
funds
Year to
30 April
2023
Central D¢sigDated
fwids
2024
2024
In5ufdnce
l.ega] and professionat
Travel and mttting ¢iists
Printinglp05tageJ5tationery
Accountattcs. fees
Bank charges
Promotion Costs
TrIT Ivebsite Costs
630
13
1406
214
l.iOO
129
630
13
2.406
214
ijoo
129
799
13
1.721
442
1,250
552
2.910
1970
1970
7.662
7.662
7,798
DEBTORS
2024
2023
Inioiced
CREDITOILS: AmollDts fallino due withiD Ollc-ytar
2024
2023
Accruals
16.345
8.673
J4

FUNGAL tNFEcfIoN TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR E￿￿ED 30 APRIL 2024
MOVEMEiYf IN DESIGNATED FUNDS
-NFTKli
(ot4 30 Apiil
2024
l Ma).
2023
Aswgillu5 Website
61962
).258
19,399
103,8?1
8trlla Iluskksson Memorial FuThl
20242
15,015
5,227
I.IFF.-WOrld￿ith
(55.759}
46.036
(101,7951
27.445
60258
80,450
7253
ii.
RECONCILIATION OF.MOVEMENTS IN GENERAL FUNDS
2024
2023
Defjcit (surplus) of income oi'er expenditure for the year
Fun(b at the beginnin8 of rhe >var
20,416
l(X).779
-21.408
79J71
Funds w ¢arry fOr%%￿d
121.195
100.779
12.
ANALYSIS OF ASSEIS AND LIABILITIES BETWEEN FLNDS
Gtbtrll
Unrest￿ted Ik&ign*t¢d
run
Total
funds
2024
I'unEnt assets
Cash at bank and in hand
Debtors
C.UfSEnt liabilitie5
121555
22,238
144.793
-131
-14.985
121.195
7.253
128,448
J5

FUNGAL INFEcfioN TRUST
NOTES TO TFtE AccouNrs
FOR THE YEAR EM)ED 30 APRIL 2024
APPENDIX
Publications supported by the Fungal Infection TnASt in 2023
1. Aissat FZ. Denning DW. Fungal infect￿nS in ￿eria. My¢oses 2023,'66:594-603.
2. Ratemo SN, Denning DW. Burden of Fungal Infections in Kenya. Mycology 2023,.
14.'142-154.
3. Sigera LSM, Denning DW. Invasive Aspergilk)sis after Renal Transplantation J
Fungi 2023,'9.'255. (also posted on the Aspergillus websrte..
https.'Ilwww.aspergillus.org.uklnew lreatmenUk￿ney-tranSpIantatl0n/ )
4. Ahmed SA, Ismail M, Albirair M. Nail AMA, Denning DW. Fungal infections in
Sudan.. an underestimated health problem. PLOS Pffl)s 2023;17'.e0011464.
5. Gugnani H, Denning DW. Infection of bats wÉlh Histoplasma species. Med Mycol
2023'.61:myad080.
6. Rodriguez-vargas C. Alastruey Izquierdo A. Denning DW, Atauz AB. Estimated
burden of fungal infections in Panama. J Med Mycol 2024"34'.101466.
7. Fathallah A, Chouaieb H. Ben Saief M, Ismali S. Ben Said M, Denning DW. The
incidence and prevalen￿ of serious fungal diseases in Tunisia. J Med Mycol
2024,'34-.101479.
8. Al Dhaheri F. Thomsen J, Everett D. Denning DW. Mapping the burden of fvngal
diseases in the Untted Arab Emirates. J Fungi 2024,'10:353
9 Gousy N, Adilhya Sateesh B, Denning DW, Latchman K, Mans(x)r E, Joseph J,
Honnavar P. Fungal Infections in Ihe CaribiEan: A Review of the L[ler*U￿ to Date.
J Fungi {Basel) 2023'9:1177.
10. Sigera LSM, Denning DW. A systematic review of the therapeub"c outcome of
mucormyo)sis. Open Forum Infect Dis 2023'11'.ofad704.
16