logo
log in   
 
Participants 500,629
US$ 90,811,964
Nets 32,955,827

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 2012 is 1st July 2011 to 30th June 2012.

UK (Global consolidated) accounts - audited

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 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

We will be adding filed accounts from other countries (Australia, Canada, Ireland and Japan).

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 2017 year-to-date (YTD). Explanation

 FY 2017*
YTD		 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 $4,536,351   $49,138,177 $14,158,806 $3,972,611 $7,956,078 $3,921,079 $2,092,594
Administrative costs $-69,723   $-148,373 -0.30% $-140,081 $-124,544 $-122,774 $-120,008 $-148,295
LLIN costs $-8,523,013   $-32,049,177 $-3,228,425 $-3,526,726 $-1,017,800 $-1,127,382 $-524,319
Non-net costs $-249,873   $-1,890,212 $-655,235 $-37,906 $-282,000 $0 $0
Insecticide Resistance Research $0   $-113,504 $0 $0 $0 $0 $0
Foreign exchange adjustment (5) $-483   $-76,446 $-6,478 $19,336 $-5,522 $-11,612 $29,291
Balance from this year (or YTD) $-4,306,740   $14,860,466 $10,128,588 $302,772 $6,527,983 $2,662,191 $1,449,270
 
Balance from prior year $36,529,170   $21,668,704 $11,540,116 $11,237,345 $4,709,603 $2,047,414 $598,144
 
Total funds carried forward... $32,222,429   $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 $31,489,897   $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 $-136,199   $113,285 $1,216,879 $180,750 $218,192 $0 $0
   Balance in hand to fund IR Research $387,683   $387,486 $500,275 $0 $0 $0 $0
   Balance in-hand to cover administrative costs $481,048   $549,877 $42,147 $106,014 $209,810 $336,395 $464,562
2. All donations from the public buy nets
 
All public donations $4,380,588   $47,361,126 100.00% $11,775,287 $3,869,180 $7,391,637 $3,879,581 $1,770,333
 
Credit card fees (incl VAT) (1) $-28,580   $-102,037 -0.22% $-54,615 $-43,205 $-44,815 $-24,765 $-6,574
Interest (2) $113,704   $139,462 0.29% $26,435 $19,672 $10,319 $2,091 $295
Gift Aid (3) $72,235   $220,521 0.47% $137,679 $130,205 $97,278 $61,347 $35,233
Cost deductions (4) $-3,092   $-93 $-20 $-4,597 $0 $0 $0
Foreign exchange adjustment (5) $-469   $-683 $-291 $-520 $-244 $-513 $1,294
Sub-total available to purchase nets $4,534,388   $47,618,297 100.54% $11,884,475 $3,970,735 $7,454,176 $3,917,741 $1,800,581
 
Balance to purchase nets from prior year $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 $40,012,910   $67,527,699 $23,137,827 $14,780,078 $11,827,386 $5,500,592 $2,107,171
 
# of nets purchased and forward commitments 4,313,890   13,437,220 1,284,900 1,210,100 330,000 272,160 108,992
 
LLIN costs $-8,523,013   $-32,049,177 $-3,228,425 $-3,526,726 $-1,017,800 $-1,127,382 $-524,319
 
Balance in-hand to purchase nets (6) $31,489,897   $35,478,522 $19,909,402 $11,253,352 $10,809,586 $4,373,210 $1,582,852
3. Non-net funds & costs (covered by donor/s who have arranged with us to donate for this specific purpose) (7)
 
Incoming funds $0   $784,322 $1,690,000 $0 $500,000 $0 $0
Interest $389   $2,295 $1,364 $464 $192 $0 $0
Non-net costs $-249,873   $-1,890,212 $-655,235 $-37,906 $-282,000 $0 $0
Sub-total $-249,484   $-1,103,595 $1,036,129 $-37,442 $218,192 $0 $0
 
Balance from prior year $113,285   $1,216,879 $180,750 $218,192 $0 $0 $0
 
Balance in hand to fund non-net costs $-136,199   $113,285 $1,216,879 $180,750 $218,192 $0 $0
4. Insecticide Resistance Research
 
Incoming funds $0   $0 $500,000 $0 $0 $0 $0
Interest $197   $715 $275 $0 $0 $0 $0
Expenditure $0   $-113,504 $0 $0 $0 $0 $0
Sub-total $197   $-112,789 $500,275 $0 $0 $0 $0
 
Balance from prior year $387,486   $500,275 $0 $0 $0 $0 $0
 
Balance in hand to fund IR Research $387,683   $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) $549,877   $42,147 $106,014 $209,810 $336,395 $464,562 $291,553
Private donor funds received this year (9) $0   $730,449 $82,082 $0 $0 $0 $290,775
Interest (10) $908   $1,416 $319 $892 $1,467 $2,825 $2,532
Funds available for administrative costs $550,785   $774,013 $188,415 $210,702 $337,862 $467,387 $584,860
 
Salaries (including taxes, pension costs) $-69,659   $-138,935 $-139,367 $-124,411 $-122,891 $-119,449 $-145,508
Other costs $-64   $-9,438 $-714 $-133 $117 $-445 $-2,787
Donated services (given value, non-cash cost) (11) $-25,106   $-79,541 $-100,240 $-89,031 $-85,006 $-86,753 $-111,404
Donated support (given value, non-cash cost) $25,106   $79,541 $100,240 $89,031 $85,006 $86,753 $111,404
Cost of administering charity (12) $-69,723   $-148,373 -0.30% $-140,081 $-124,544 $-122,774 $-119,894 $-148,295
 
Foreign exchange adjustment (5) $-14   $-75,764 $-6,187 $19,856 $-5,278 $-11,098 $27,997
 
Balance in-hand to cover administrative costs $481,048   $549,877 $42,147 $106,014 $209,810 $336,395 $464,562
6. Ratios
 
% of public donation spent on nets (13)101%
Administrative costs as a % of revenue received0.30%
Years of admin. costs in-hand (at current FY spend)3.8
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.
(13) For every $100 donated by the public, this percentage can be used to determine the $ value of nets we can buy.

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


Principal partners About us Fundraising Resources Other Follow us
People to thank Charity status
Tax deductibility
Trustees
Advisory group
Contact us
 Create a page
Sponsor/Donate
Partner with us 		Videos
Fundraising material
FAQs
Malaria 		Important Legal Notice
Privacy Policy
Cookies
 Twitter  Facebook  YouTube  Blog 
© 2016 Against Malaria Foundation