ChJrlty reglstratlon number 1170853 Global Action For Fungal Infections UK Annual Report and unaudited Financial Statements For the year ended 31 December 2024
Global Action For Fungal Infections UK Legal and administrative information Truste0• O Aashelrn D Allmond rNMknie Y Mori S Ngozwana Pfof. D S Perlin Prof. J L Rodriguez-Tudela Charity numbvr I I1Of15.1 Independent examlner DJH Buslness Advisers Limited flndge. Hovse Ashley Road Hale Altrincham WA14 2UT
Global Action For Fungal Infectlons UK Contents Page Trusiees, report Statement of trustees, responsibilities Independent examiner's report Receipts and payrnents Statement of fi'nancial posltion
Global Action For Fungal Infections UK Trustees. report For the year ended 31 December 2024 The trustees proscnt their artnudl report ar financial statements for the year ended 31 Decembe" 2024. Tlie finaiicidl statements have been ptpa.cd In accordance Yiilh the charity's governing document, the Charities Act 2011) and "Arr.ounting and Reporting by Char'.ties.' Stalenienl of Kecornmended Practice applicable to charitles prcparing their accounLs In accordance with the Financial Reporting St<indard applicable In ttrie UK and Republic of Ireland (FRS 102). (effective l Jdnuary ?019). Structure. govornanr• management The governing documeit is thc Global Action Fund for Fungal Infertlons UK constitution adopted on the 10th Nuvvrpbp.r ?016 and ViSed on 16th Novcmber 2021, whir.h bpcJme recognlscd by thc Chariiy Commission when the Chliritable Incurpordied Orgonisation was registercd on the 20tlI DeLember ?016. The trustees who servcd during the year and up lo the date of Signatu of thc financial sldtement5 were.. O Aasheim IJ Allmond DrNMAzic Ymori S Ngo£wan¢l Prof. D S Pcrlin Prof. J L RoOrO9uez-Tudela The trvstees are not paid for thcir services and are reimbursed for any expenses they daim which ale Incurred d5 <1 di rect result ot carrying out their trustec obligations. Method of r•cruitm•nt and •ppolntment of trustees In sclccting Individuals (vr dppDintme.nt a charity trustee, ttte charlty trustccs must hiive rvgartj tn the 5kill5. knowledge and experiepce neeaed for thc effcctivc admiiiislrdliun of thp charity Regular reviews of thc Board structuro take place partlLuldrly If ihv.re are any material changes in thc opcration of Lhe chdrilv. Thc 6oard deleoarcs the selection of Truslees Lo Ihe Hli Sub committee. Objectives and activiti•b The charity's vision is a world without deaths from fungal infeclion: to enhance outcomes by prioritising timely diagn0515 and ensunng access to trcatmcnt for fLJn9al disease in vulnerable populations residing in low to micdle ii)Lome Lountnes { l M Ics): presents a proven framework which enables healthcarp. professionals In LMICS to save lives an rp.riiire suffering trom tu ngal disease.. actively cultivates and enables regional •nd local hubs and networks, enabllng ihem to enha?ce access to cost-effective and efficient diagnostics trcatiiienls. manages an Al enabled resource5 eco8V$tern. ronnecting front line assoclations for for a+tecteO people, practitioners, researchers, rclcvant data, univcrsities, pharrnd dnd diiagn05tic companio5, funders, qovernnieriis (Iri(J others. Thc trustccs bavc paid due regard to guidance issued by Ihe Lhanty Cornmission In decidlng what ctivitie.s tne chority should undertake. lic b nefi The Lhavity does nol distinyuish belw¥en Ihe people Il serves and r.harges no costs tor Its seNices.
Global Action For Fungal Infections UK Tru5tees' report (continued) For the year ended 31 December 2024 Achievements and performance .SignifiLanl 8Ltivitie5 and achievements agalnst objettives The charity was constituted on 20 December 2016 and works closely with GAFFI, a Swiss based Foundation. The charity aims to Irtcrease awarcness of the Impdcl uf fungal disease nationally and intcrnationally, Qrimaiily amopg poliry maker5 ancl health professionals, together with Improving occe55 to diagnostlC5 for f u iga I disease a nd antifungal Iherapeuliis, and educating healihcare professionals about fungal d sease. During the year under review the chdrily continued to advocate funqal diseasD in African countries (Ind successtylly comrnenced, In collaboration with Ihe 1v.od applicant Ixeter University, a programme iu dcvclop Al Fungal Disv.ase olgunthrns. MO detalled information may be found nn the web site Financial ravi•w The charity has kepl sufficient funds for the next flnanclal year. to meet ihe needs ot the charlty and its stJtutory obligations. Reserve5 p.oli It 15 the policy of the charity that unres&ricted fund5 which have not been dcsignated for i specific use should be mairitdined at a level equivalent to betvioen three and six mont.5 expendlturc. Thc trustees cons.,der tiat rcscrycs at this level will v.nsure fhat. In the event of a significarit ijrop Ir. funding. chey will be dble lu continue the charity's current activitles while cvnsidvration is given to ways in which addilional funds may bc raiscd. As" dl 31 1)vcEmber 2024, the charity's Icvel of unrv51ncted reseryes was £34,250. wh Ir.h Vvdts In line with the charity's rescrvc policv. Plans for futur• periods Thc charity will coniinup. to viork closely with the S¥Yiss Foundation, GAIFL. concentrating on improving awJrene55 and general advocacy aboui fungal d15ea5e5. The Trustccs are sat15fied that GAFFI UK is currently financially 5elf-5UStai nable. Ttie Iruslee.s' report was approved by thc Board of Trustee5. U Aasheim Chairman Date-.
Global Action For Fungal Infections UK statement of trustees. responsibilities For the year ended 31 December 2024 The trustces are responsible for preparin9 the Truslees. Repori dnd Ihe financial statement5 in accordance wlth applicable law and United Kingdom Accounting Standerds (United Kingdom Generally Accepted Accounting Practice). The law applicable to charitie5 In England and Wales require5 the trustees to prepare financial statements for cach financial year which give a truc and fa'r view of thc state of affairs of the charity and of the Incorning resDurce5 and application of resource5 Ot the charity tor that year. In preparing these tinanclal staternents, the trustees a required to-. .lect suiLabie accountin9 policies and then apply them consislenLIy: ubserve rhe methods and principles in the Charities SORP. Inako judgcmcnt5 and cstimatcs that arc rcasonable and prudcnt. state whether applicable accountlng standards have been followed. subjert to any material departures d151.Iv>ed drid vxpldii)ed In lh¥ financidl stiltemonts,. dnd prp.pdre ihe finaiicial staiements on the going COnM basis unless it is inappropriate to presume that thc charity wlll contlnue in operation. Thc trustees are "e5ponsible for keeping sufficient account',ng records that disclose with reasonable aCCLirar.y al any lime the rtnancial pusilian of the Lharity antj enable ihem lo ensure ihat ihe fiiiaiiitdl starcments comply with rhe Charities 14cr 2011. rhe Charity (Accounts and Reports) Regulatlons 200B and the provi4iuris of ihe Irusi deed. They are also resF)onsible for safeouarding ihe asseL5 of ihe charity ano hcnce lor taklng 3$Onable sreps for the prevention and detertion ot traud and ottter Irregularlties
Global Action For Fungal Infections UK Independent examiner's report To the Trustee5 of Global Actlon For Fungal Infection5 UK report 10 the iru5lg.e5 on my examination of the financial statemen15 of Glot)al Action for fungal Infeccions UK (the charity) for the year ended 31 1)ecember 2024. Responsibilities and b•¥is of report A= rhe trustees of thc charity you are responsible fow Ihp prepar8tion of the finanoal statements in aL¢urdance ¥Yilh the requirv.ment5 of the Charities Act 2011 (the 2011 Act). J report respect of rny examination ot the charity's financial statements ca.ried out undef Section 145 nf the 2011 Act. In carry'ng out my examination I nave follvY4ed illl the op?Iicable Directions glven try th¢ Charity Commlssion Jn¢er sertion 145(5){b} of thc 2011 Act. Independent examiner's statement I have cornpleled my examination. l conflrm that no matters havc comc to my attenlion In connection with thc cxamination giving me cause to believe Ilidt In any material respert: accounting records were not kept in respcrt of the charity as required by section 130 of the 2011 Act," oi the financial statement5 do not accord with those records; or Ihe fin<incidl 5tatement5 do not comply with the Jpplicable reqUirnents conccming thc fom and content of accounts set out in the Charities (Accounts and Reports) Keyuldlion5 ?DDES other than ony re4uiremeiil Ihdi ihe accounts give a true and fair vW which Is not a matter considered as part of an independent examination. I have no concerns and have corne across no other matters in connection y41th tho cxamination to w4hiLh aiiei'tion soU.d be diawn In this report in order io enable d piopvr understanding of the financial statemerits to be reached. DJH Business Advi$•r• Limited Bridge House Asttley Rod(J Hale Altrinchdm WAI4 2UT Datcd:
Global Action For Fungal Infections UK Receipts and payments For the year ended 31 December 2024 ZOZ4 2023 Receipts Grants and donations Other Incume 57.838 22.569 15 1.4rerest 317 85 Tgtal recBipts 22,&6Y Payments Sal?,-ies & associated costs Coli crence and iravelling costs C0ry5ultancy costs Insurance Accountancy fees Computer & suftware Bank charges Sundry cxpenses 31.157 6?8 3,041 I,Q21 1,163 1,224 ?16 60 1,229 A4 2.841 Total payments 42. 1011 10,791 Net (expendlture) income for the year 16.Q41 11,878 Cash funds orotsghr forward Casti f unds carried forviar 40.203 56,250 211,352 40,?03 All fund5 are unsccurcd.
Global Action For Fungal Infections UK statement of a55ets and liabllities As at 31 December 2024 2024 2023 Not•• Current assets Ci15h dt blink In hand 56,250 40.?03 Tot•1 •¥gets
6,250 40.?03 Reserves Unrcstricted rc5orve5 Designated reserves 34,?50 22.000 4V,203 Total reserves 40,203 Ihefin cial statements were approved by the trustees on 0 4asheim Chairman