Docvsign Envelope ID.. 91s1cA7BE644W_9cD24B4509266E79 Charity registration number 1170853 (England and Wales) Global Action For Fungal Infections UK Annual report and unaudited financial statements For the year ended 31 December 2025 Inlthl
Docusign Envelope ID: 9151CA7ME644CAD-gcD24B4509266E79 Global Action For Fungal Infections UK Legal and administrative infromation Trustees O Aasheim D Allmond DrNMAzie Ymori S Ngozwana Prof. D S Perlin Prof. l L Rodriguez-Tudel Dr. T Chiller (Appointed 28 June 2025) Charity registratlon England and Wales 1170853 Independent examiner DJH Business Advisers Limited Bridge House Ashley Road Hale Altrincham WA14 2UT InM*I
Docusi9n Envelope 10: 9151CA79-BE644CAD-9CD2_8B4509266E79 Global Action For Fungal Infections UK Contents Page Trustee5' report staternent of trustees, responsibilities Independent examiner's report Receipts and payments statemenl of financial position
Docusign Envelope ID." 91s1CA79-BE644CAD-D24B4509266E79 Global Action For Fungal Infections UK Trustees, report For the year ended 31 December 2025 The trustees present their annual report and financial statements for the year ended 31 December 2025. The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 2019)- structurer governance and management The governing document is the Global Action for Fungal Infections UK constitution adopted on the 10th November 2016 and revised on 16th November 2021, which became recognised by the Charity Commission when the Charitable Incorporated Organisation wa5 reg1Stered on the 20th Dember 2016. The trustees who served during the year and up to the date of signature of the financial statements were., O Aasheirn D Allmond DrN MAzie Y Mori S Ngozwana Prof. D S Perlin Prof. J L RDdriguez-Tudela Dr. T Chiller (Appointed 28 June 2025) The trustees are not paid for their services and are reimbursed for any expenses they claim which are incurred as a direct result of carrying out their tnjstee obligations. Method of recruitment and appointment of trustees In selecting individuals for appointment as a charity trustee, the charity trustees must have regard to the skills. knowledge and experience needed for the effective administration of the charity. Regular reviews of the Board structure take place particularly if there are any material changes in the operation of the charity. The Board delegates the selection of Trustees to the HR sub committee. Objectives and activities The charity's vision is a world without deaths from fungal infettion: to enhance outcomes by prioritising timely diagnosis and ensuring acce5S to treatment for fungal disease in vulnerdble populations residing in low to midd le income countries {LMIC5); presents a proven framework which enables healthcare professionals in LMICS to save lives and reduce suffering from fungal disease: actively cultivates and enables regional and local hubs and networks. enabling them to enhance access to cost-effective and efficient diagnostics and treatments. manages an AI enabled resources ecosystem, connecting front line associations for for affected people, practitioners, researchers, relevant data, universities, pharma and diagn05ti companies. fijnders, governments and others. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The charity does not distinguish between the people it serves and charges no costs for its services. knIU•l
Docusign Envelope ID.. 9151CA7&BE644CAD-9CD2-8B4509266E79 Global Action For Fungal Infertions UK Trustees, report (continued) For the year ended 31 December 2025 Achievements and performance The charity was constituted on 20 DeTrmber 2016 and works closely with GAFFI, a 5wi5s based Foundation. During the year, GAFFI granted unrestricted funds of £47,791 to GAFFI UK which is included in grants and donations. The charity aims to increase awareness of the impart of fungal disease nationally and internationally, primarily among policy makers and health professionals. together with improving access to diagnostics for fungal disease and antifungal therapeutics, and educating healthcare professionals about fungal d isease. During the year under VIeW the charity continued to advocate fungal disease in African countrie5 and Successfully completed a pilot programme to develop Al Fungal Disease algorithms. More detailed information may be found on the web site www.gaffi.org. Financial review The charity has kept sufficient funds for the next financial year, to meet the needs of the charity and its Statutory obligations. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to conti nue the charity's cUrnt activities while considerdtion 15 given to ways in which additional funds may be raised. As at 31 December 2025. the charity's level of unrestricted reserves was £48,219 (2024: 34,250), which was in line with the charity's reserve policy. Plan5 for future periods The charity will continue to work closely with the Swiss Foundation, GAFFI, concentrating on improving awareness and general advocacy about fungal diseases. The Trustee5 are satisfied that GAFFI UK is currently financially self-sustainable. The trustees. report was approved by the Board of Trustees. Sbgn•dty. EtfQ31Q48PEI41B..:...... O Aasheim Chairman 23-Mar-26 1 09-32 PDT Date:
Docusign Envelope ID.. 9151CA79-BE644CAD-gCD24B4509266E79 Global Action For Fungal Infections UK statement of trustees, reponsibilities For the year ended 31 December 2025 The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requi$ the trustees to prepare financial statements for each financial year which give a true and fair vievi of the State of affairs of the charity and of the incoming resources and application of resour of the charity for that year. In preparing these financial statements, the trustees are required to: select suita ble accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping suffictent accounting records that disclose with reasonable acajracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity {Accounts and Reports) Regulations 2008 and the provisiDns Df the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detettion of fraud and other irregularities.
Doeusign Envelope 10.. 9151CA79-BE644CADJXQ2-884509266E79 Global Action For Fungal Infections UK Independent examiner's report To the trustees of Global Action For Fungal Infections UK I report to the trustees on my examination of the financial statements of Global Action For Fungal Infections UK (the charity) for the year ended 31 December 2025. Responsibilities and basis of report A5 the trustees of the charity you are responsible for the pParatIon of the financial statements in accordance with the reqU1MentS of the Charities Art 2011 (the 2011 Act). I report in respect of my examination of the charity s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under Section 145{5){b) of the 2011 Act. Independent examiner's statement E have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respett: accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or the financial statements do not accord with those records: or the financial statement5 do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a Irue and fair view, which is not a matter considered as part af an independent examination. I have no concerns and have come across no other matters in connettion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Kco4 DJH Business Advisers Limited Bridge House Ashley Road Hale Altrincham WA14 2UT Date: 93.03. aGab.
Docuslgn Envelope ID: 9151CA7WBE644CAD-9CD2-884509266E79 Global Action For Fungal Infections UK Receipts and payments For the year ended 31 December 2025 2025 2024 Receipts Grants and donations Interest 147.604 138 57,838 317 Total receipts 147,742 58,155 Payments Salaries & associated costs Conference and travell ing costs Professional services and associated costs Consumables and associated costs Software development and associated costs Insurance Accountancy fee5 Computer & software Bank charges Sundry expenses 75.491 263 37,757 628 25,403 6,000 17,393 1,079 1,290 216 994 1,224 216 216 60 172 1,229 Total payments 127,523 42.108 Net (expenditure) income for the year 20.219 16,047 Cash funds brought forward 56.250 40.203 Cash funds carried forward 76,469 56,250 All fund5 are unsecured. IDIUal
Docusign Envelope10: 9151GAT9_BE644CAD-9CD24B4509266E79 Global Action For Fungal Infections UK Statement of financial p051tion As at 31 December 2025 2025 2024 Notes Current assets Cash at bank and in hand 76.469 56,250 Total assets 76,469 56.250 Reserves Unrestricted reserves Designated reserves 48.219 28,250 34,250 22.000 76.469 56,250 The financial statements were approved by the trustees on 23-Mar-26 1 09:32 PDT ned by.. "' S)FC)IDIBTfT4W.:" O Aasheim Chairman