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Participants 553,608
US$ 310,942,552
Nets 147,386,621

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 2021 is 1st July 2020 to 30th June 2021.

UK (Global consolidated) accounts - audited

accounts
FY 2020 		accounts
FY 2019 		accounts
FY 2018 		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 also
available from:
The Charity Commission

US Accounts
accounts
FY 2020 		accounts
FY 2019 		accounts
FY 2018 		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 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 2021 year-to-date (YTD) are generated in real-time.

 FY 2021
YTD		  FY 2020
Audited		FY 2019
Audited		FY 2018
Audited		FY 2017
Audited		FY 2016
Audited		FY 2015
Audited
1. Consolidated revenues and costs and balances in-hand
 
Revenue $63,394,559   $38,051,378 $42,386,234 $34,390,480 $46,868,651 $49,133,859 $14,159,328
Administrative costs $-463,122 0.73%   $-568,191 $-543,054 $-395,634 $-285,908 $-148,373 $-140,081
LLIN costs $-49,587,360   $-61,556,966 $-21,342,843 $-27,283,312 $-17,388,175 $-32,049,860 $-3,228,424
Non-net costs $-1,489,521   $-1,875,089 $-1,776,486 $8,068,436 $-8,063,359 $-2,990,176 $-655,235
Insecticide Resistance Research $0   $-311,412 $-17,406 $-29 $-2,537,495 $-113,504 $0
Foreign exchange adjustment (5) $7,002   $-3,131 $7,503 $-23,237 $-18,760 $-76,445 $-6,479
Balance from this year (or YTD) $11,861,558   $-26,257,149 $18,713,948 $14,756,762 $18,574,954 $13,760,501 $10,129,109
 
Balance from prior year $61,217,720   $87,474,869 $68,760,921 $54,004,159 $35,429,205 $21,668,704 $11,539,595
 
Total funds carried forward... $73,079,278   $61,217,720 $87,474,869 $68,760,921 $54,004,159 $35,429,205 $21,668,704
   ...of which
   Balance in-hand to purchase nets $63,573,040   $49,767,355 $82,099,405 $59,982,637 $5,343,403 $34,478,521 $19,909,402
   Balance in hand to fund non-net costs $8,493,948   $9,983,466 $5,003,697 $8,370,499 $255,058 $13,320 $1,216,879
   Balance in hand to fund IR Research $711   $710 $16,021 $173,737 $151,356 $387,486 $500,275
   Balance in-hand to cover administrative costs $1,011,579   $1,466,189 $355,746 $234,048 $254,342 $549,878 $42,148
2. Funds for nets
 
Incoming funds $63,147,097   $27,315,697 $40,312,934 $32,834,883 $35,617,984 $46,333,425 $11,775,807
 
Interest (2) $101,706   $1,651,057 $2,899,648 $909,580 $455,673 $167,846 $26,437
Gift Aid (3) $276,885   $352,307 $368,544 $350,270 $316,841 $220,521 $137,679
Credit card fees (incl VAT) (1) $-142,565   $-112,722 $-127,978 $-149,760 $-124,326 $-102,037 $-54,615
Cost deductions (4) $11,423   $17,625 $7,332 $-24,885 $-6,142 $-93 $-20
Foreign exchange adjustment (5) $-1,501   $952 $-869 $2,458 $-6,973 $-683 $-294
Sub-total available to purchase nets $63,393,045   $29,224,916 $43,459,611 $33,922,546 $36,253,057 $46,618,979 $11,884,994
 
Balance to purchase nets from prior year $49,767,355   $82,099,405 $59,982,637 $53,343,403 $34,478,521 $19,909,402 $11,525,832
 
Total available to purchase nets $113,160,400   $111,324,321 $103,442,248 $87,265,949 $70,731,578 $66,528,381 $23,137,826
 
# of nets purchased and forward commitments 23,853,510   33,230,305 12,714,100 14,855,620 8,957,200 13,437,220 1,284,900
 
LLIN costs $-49,587,360   $-61,556,966 $-21,342,843 $-27,283,312 $-17,388,175 $-32,049,860 $-3,228,424
 
Balance in-hand to purchase nets (6) $63,573,040   $49,767,355 $82,099,405 $59,982,637 $53,343,403 $34,478,521 $19,909,402
 
Reserves (for committed distributions) (7)$-7,500,000
 
Funds available for next AMF approved distributions$56,073,040
 
Funds allocated to next AMF approved distributions$-56,073,040AMF has a significant immediate funding gap
 
Funds available, but not yet allocated$0
3. Non-net funds & costs (covered by donor/s who have arranged with us to donate for this specific purpose) (8)
 
Incoming funds $0   $6,854,631 $-1,613,000 $0 $8,300,000 $1,784,322 $1,690,000
Interest $3   $227 $22,684 $47,005 $5,097 $2,295 $1,364
Non-net costs $-1,489,521   $-1,875,089 $-1,776,486 $-8,068,436 $-8,063,359 $-2,990,176 $-655,235
Sub-total $-1,489,518   $4,979,769 $-3,366,803 $8,115,441 $241,738 $-1,203,559 $1,036,129
 
Balance from prior year $9,983,466   $5,003,697 $8,370,499 $255,058 $13,320 $1,216,879 $180,750
 
Balance in hand to fund non-net costs $8,493,948   $9,983,446 $5,003,697 $8,370,499 $255,058 $13,320 $1,216,879
 
Funds ringfenced, detailed discussion stage$-7,000,000
 
Balance not ringfenced$1,493,948
4. Insecticide Resistance Research
 
Incoming funds $0   $296,000 $-150,000 $0 $2,300,000 $0 $500,000
Interest $1   $101 $9,690 $22,352 $1,365 $715 $275
Expenditure $0   $-311,412 $-17,406 $29 $-2,537,495 $-113,504 $0
Sub-total $1   $-15,311 $-157,716 $22,381 $-236,130 $-112,789 $500,275
 
Balance from prior year $710   $16,021 $173,737 $151,356 $387,486 $500,275 $0
 
Balance in hand to fund IR Research $711   $710 $16,021 $173,737 $151,356 $387,486 $500,275
5. All administrative costs are covered by a small group of private donors
 
Private donor funds from prior year (9) $1,466,189   $355,746 $234,048 $254,342 $549,878 $42,148 $106,013
Private donor funds received this year (10) $0   $1,676,400 $655,650 $400,000 $0 $730,449 $82,082
Interest (11) $9   $55 $730 $1,035 $2,159 $1,416 $319
Funds available for administrative costs $1,466,198   $2,032,201 $890,428 $655,377 $552,037 $774,013 $188,414
 
Salaries (including taxes, pension costs) $-471,565   $-549,702 $-529,780 $-395,634 $-285,908 $-148,373 $-140,081
Other costs $-60   $-18,489 $-13,274 $0 $0 $0 $0
Donated services (given value, non-cash cost) (12) $-64,526   $-85,926 $-85,834 $-80,538 $-80,618 $-79,541 $-54,258
Donated support (given value, non-cash cost) $64,526   $85,926 $85,834 $80,538 $80,618 $79,541 $54,258
Cost of administering charity (13) $-471,625 0.73%   $-568,191 $-543,054 $-395,634 $-285,908 $-148,373 $-140,081
 
Foreign exchange adjustment (5) $8,503   $2,179 $8,372 $-25,695 $-11,787 $-75,762 $-6,185
 
Balance in-hand to cover administrative costs $1,003,076   $1,466,189 $355,746 $234,048 $254,342 $549,878 $42,148
6. Ratios
Administrative costs as a % of revenue received 0.73%   1.49% 1.28% 1.15% 0.61% 0.30% 0.99%
Years of admin. costs in-hand (at current FY spend)2.9
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) Miscellaneous unavoidable costs e.g. registration, external bank transfer costs.
(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) We hold a reserve of funds in case they are needed for additional nets for committed distributions.
(8) 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.
(9) 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.
(10) In 2012 no funds were sought from private donors given the level of funds in hand and the current level of administrative costs.
(11) Interest on funds for administrative costs is left in this administrative costs account.
(12) 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.
(13) This is the full administrative cost of running AMF globally.

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