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Participants 531,729
US$ 166,519,944
Nets 73,979,442

Financial information

Annual accounts - What we file
Easier-to-understand accounts - Simpler

Annual accounts

We file annual accounts in a number of countries. Our financial year runs from 1st July to 30th June, i.e. FY 2018 is 1st July 2017 to 30th June 2018.

UK (Global consolidated) accounts - audited

accounts
FY 2017 		accounts
FY 2016 		accounts
FY 2015 		accounts
FY 2014 		accounts
FY 2013 		accounts
FY 2012 		accounts
FY 2011 		accounts
FY 2010 		accounts
FY 2009 		accounts
FY 2008 		accounts
FY 2007 		accounts
FY 2006 		accounts
FY 2005
Our accounts are also available from:
The Charity Commission

US Accounts

accounts
FY 2017 		accounts
FY 2016 		accounts
FY 2015 		accounts
FY 2014 		accounts
FY 2013 		accounts
FY 2012 		accounts
FY 2011 		accounts
FY 2010 		accounts
FY 2009 		accounts
FY 2008 		accounts
FY 2007 		accounts
FY 2006 		 
Our accounts are also available from:
GuideStar

Easier-to-understand accounts

We show below, our audited annual accounts with additional detail added and laid out in a way we believe is clearer than formal accounts.


AMF Global Consolidated Accounts (Audited)

Real-time financial accounts for FY 2018 year-to-date (YTD) are generated in real-time.

 FY 2018
YTD		 FY 2017
Audited		 FY 2016
Audited		FY 2015
Audited		FY 2014
Audited		FY 2013
Audited		FY 2012
Audited		FY 2011
Audited
1. Consolidated revenues and costs and balances in-hand
 
Revenue $29,408,678   $47,445,886 $49,138,177 $14,158,806 $3,972,611 $7,956,078 $3,921,079 $2,092,594
Administrative costs $-360,221   $-285,908 -0.60% $-148,373 $-140,081 $-124,544 $-122,774 $-120,008 $-148,295
LLIN costs $-15,401,605   $-19,033,202 $-32,049,177 $-3,228,425 $-3,526,726 $-1,017,800 $-1,127,382 $-524,319
Non-net costs $-2,152,514   $-8,896,692 $-1,890,212 $-655,235 $-37,906 $-282,000 $0 $0
Insecticide Resistance Research $-1,278,114   $-253,442 $-113,504 $0 $0 $0 $0 $0
Foreign exchange adjustment (5) $119,754   $-20,448 $-76,446 $-6,478 $19,336 $-5,522 $-11,612 $29,291
Balance from this year (or YTD) $10,335,979   $18,956,194 $14,860,466 $10,128,588 $302,772 $6,527,983 $2,662,191 $1,449,270
 
Balance from prior year $55,485,363   $36,529,170 $21,668,704 $11,540,116 $11,237,345 $4,709,603 $2,047,414 $598,144
 
Total funds carried forward... $65,821,342   $55,485,363 $36,529,170 $21,668,704 $11,540,116 $11,237,588 $4,709,603 $2,047,414
   ...of which
   Balance in-hand to purchase nets $63,028,565   $49,280,812 $35,478,522 $19,909,402 $11,253,352 $10,809,586 $4,373,210 $1,582,852
   Balance in hand to fund non-net costs $1,372,445   $3,522,445 $113,285 $1,216,879 $180,750 $218,192 $0 $0
   Balance in hand to fund IR Research $1,158,513   $2,435,410 $387,486 $500,275 $0 $0 $0 $0
   Balance in-hand to cover administrative costs $261,819   $246,697 $549,877 $42,147 $106,014 $209,810 $336,395 $464,562
2. Funds for nets
 
Incoming funds $28,027,557   $32,230,238 $47,361,126 $11,775,287 $3,869,180 $7,391,637 $3,879,581 $1,770,333
 
Interest (2) $881,341   $419,786 $139,462 $26,435 $19,672 $10,319 $2,091 $295
Gift Aid (3) $379,906   $316,841 $220,521 $137,679 $130,205 $97,278 $61,347 $35,233
Credit card fees (incl VAT) (1) $-147,611   $-124,326 $-102,037 $-54,615 $-43,205 $-44,815 $-24,765 $-6,574
Cost deductions (4) $-24,885   $-6,142 $-93 $-20 $-4,597 $0 $0 $0
Foreign exchange adjustment (5) $33,050   $-906 $-683 $-291 $-520 $-244 $-513 $1,294
Sub-total available to purchase nets $29,149,358   $32,835,491 $47,618,297 $11,884,475 $3,970,735 $7,454,176 $3,917,741 $1,800,581
 
Balance to purchase nets from prior year $49,280,812   $35,478,522 $19,909,402 $11,253,352 $10,809,343 $4,373,210 $1,582,852 $306,591
 
Total available to purchase nets $78,430,170   $68,314,013 $67,527,699 $23,137,827 $14,780,078 $11,827,386 $5,500,592 $2,107,171
 
# of nets purchased and forward commitments 8,523,770   9,752,962 13,437,220 1,284,900 1,210,100 330,000 272,160 108,992
 
LLIN costs $-15,401,605   $-19,033,202 $-32,049,177 $-3,228,425 $-3,526,726 $-1,017,800 $-1,127,382 $-524,319
 
Balance in-hand to purchase nets (6) $63,028,565   $49,280,812 $35,478,522 $19,909,402 $11,253,352 $10,809,586 $4,373,210 $1,582,852
 
Funds ringfenced, detailed discussion stage$-61,000,000
 
Balance not ringfenced$1,976,305
3. Non-net funds & costs (covered by donor/s who have arranged with us to donate for this specific purpose) (7)
 
Incoming funds $0   $12,300,000 $784,322 $1,690,000 $0 $500,000 $0 $0
Interest $2,514   $5,853 $2,295 $1,364 $464 $192 $0 $0
Non-net costs $-2,152,514   $-8,896,692 $-1,890,212 $-655,235 $-37,906 $-282,000 $0 $0
Sub-total $-2,150,000   $3,409,160 $-1,103,595 $1,036,129 $-37,442 $218,192 $0 $0
 
Balance from prior year $3,522,445   $113,285 $1,216,879 $180,750 $218,192 $0 $0 $0
 
Balance in hand to fund non-net costs $1,372,445   $3,522,445 $113,285 $1,216,879 $180,750 $218,192 $0 $0
 
Funds ringfenced, detailed discussion stage$-1,000,000
 
Balance not ringfenced$372,445
4. Insecticide Resistance Research
 
Incoming funds $0   $2,300,000 $0 $500,000 $0 $0 $0 $0
Interest $1,218   $1,365 $715 $275 $0 $0 $0 $0
Expenditure $-1,278,114   $-253,442 $-113,504 $0 $0 $0 $0 $0
Sub-total $-1,276,896   $2,047,924 $-112,789 $500,275 $0 $0 $0 $0
 
Balance from prior year $2,435,410   $387,486 $500,275 $0 $0 $0 $0 $0
 
Balance in hand to fund IR Research $1,158,513   $2,435,410 $387,486 $500,275 $0 $0 $0 $0
5. All administrative costs are covered by a small group of private donors
 
Private donor funds from prior year (8) $246,697   $549,877 $42,147 $106,014 $209,810 $336,395 $464,562 $291,553
Private donor funds received this year (9) $287,603   $0 $730,449 $82,082 $0 $0 $0 $290,775
Interest (10) $1,035   $2,271 $1,416 $319 $892 $1,467 $2,825 $2,532
Funds available for administrative costs $535,336   $552,148 $774,013 $188,415 $210,702 $337,862 $467,387 $584,860
 
Salaries (including taxes, pension costs) $-366,512   $-284,317 $-138,935 $-139,367 $-124,411 $-122,891 $-119,449 $-145,508
Other costs $6,291   $-1,591 $-9,438 $-714 $-133 $117 $-445 $-2,787
Donated services (given value, non-cash cost) (11) $-77,508   $-71,408 $-79,541 $-100,240 $-89,031 $-85,006 $-86,753 $-111,404
Donated support (given value, non-cash cost) $77,508   $71,408 $79,541 $100,240 $89,031 $85,006 $86,753 $111,404
Cost of administering charity (12) $-360,221   $-285,908 -0.60% $-148,373 $-140,081 $-124,544 $-122,774 $-119,894 $-148,295
 
Foreign exchange adjustment (5) $86,704   $-19,543 $-75,764 $-6,187 $19,856 $-5,278 $-11,098 $27,997
 
Balance in-hand to cover administrative costs $261,819   $246,697 $549,877 $42,147 $106,014 $209,810 $336,395 $464,562
6. Ratios
 
Administrative costs as a % of revenue received1.1%0.6%
Years of admin. costs in-hand (at current FY spend)0.70.9
Notes to accounts above:
(1) Fees on credit card donations are, unfortunately, unavoidable. Credit card is the preferred mechanism for donations of less than $5,000. More information.
(2) Bank interest on net funds. 100% of bank interest buys nets.
(3) Gift Aid is paid to the charity by the UK government on qualifying donations from UK taxpayers and is 25% of the qualifying donation. 100% of Gift Aid buys nets.
(4) No further costs are subtracted from this amount which is then all available to buy nets.
(5) Foreign exchange adjustment explained: This is not a trading gain/loss as AMF does not trade currencies. It is an 'accounting adjustment'. This represents the difference in value of non-USD balances at the end of the year, in comparison to the start of the year, where different exchange rates are in effect. This effect is comparatively small as the bulk of our funds are kept in USD. For example a balance of £1,000 at the start of the year might be worth US$1,500 (USD/GBP exchange rate of 1.50) and at the end of the year that might have changed to US$1,400 (exchange rate of 1.40). This would result in an apparent loss of US$100.
(6) Given this is the balance in-hand for nets on 30th June specifically, this figure may rise for short periods while distributions are being finalised and before invoices are received.
 (7) Non-net costs are all costs associated with a net distribution excluding the cost of the nets themselves. Non-net costs include: all shipping, pre-distribution, distribution and post-distribution costs. More information.
(8) A small group of private donors provide funds specifically to cover administrative costs. These funds are placed in a separate bank account to that used for net purchases. For the USD version of FY 2013 the balance brought forward has been adjusted for cumulative exchange rate effects to bring it in line with the correct, audited GBP value.
(9) In 2012 no funds were sought from private donors given the level of funds in hand and the current level of administrative costs.
(10) Interest on funds for administrative costs is left in this administrative costs account.
(11) Donated (pro bono) services are attributed a value. These are non-cash costs so are an accounting entry only. We are very grateful for the sustained support of many organisations and individuals. More information.
(12) This is the full administrative cost of running AMF globally.

Note: In June 2015 we changed the currency in which we report our accounts from GBP to USD. This is because the bulk of our funds are held in USD and we purchase nets in USD. This simplifies our accounts and allows us to report more accurately.
We have retrospectively converted previous financial years to USD and they are shown above.
View previous GBP format


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