Applied Microbiology International
Latest income
£4.0m
Latest spending
£2.3m
Registered
2008
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a significant increase in income to £4.0m, driven largely by the sale of part-owned journals, resulting in a £2.2m surplus. Per the trustees' report, net assets remain strong at £14.4m, with unrestricted reserves of £14.3m held well above the adopted target range of £9.6m to £11.5m.
What the accounts disclose
Reserves policy: £9.6m and £11.5m (held: £14.3m)
“AMI has therefore adopted a target reserves range of £9.6m and £11.5m.” — page 38
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Prof Emmanuel Adukwu received an honorarium of £250. Marc Dumont's spouse received £15,000 for editorial services (related party).
“During the year, Prof Emmanuel Adukwu received an honorarium of £250 for his role on the Minoritised Life Scientists Future Forum Committee.” — page 90
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Remuneration paid to spouse of trustee Marc Dumont for editorial services.
“His spouse has been the Senior Editor of Journal of Applied Microbiology since 2022 and received remuneration of £15,000 during the year for editorial services provided. The remuneration was paid on an arm’s length basis and was in line with the charity’s standard terms for such services.”
“During the year, Prof Emmanuel Adukwu received an honorarium of £250 for his role on the Minoritised Life Scientists Future Forum Committee. The remuneration was paid on an arm’s length basis and was in line with the charity’s standard terms for such services.” — page 90
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Honorarium paid to trustee Prof Emmanuel Adukwu.
“His spouse has been the Senior Editor of Journal of Applied Microbiology since 2022 and received remuneration of £15,000 during the year for editorial services provided. The remuneration was paid on an arm’s length basis and was in line with the charity’s standard terms for such services.”
“During the year, Prof Emmanuel Adukwu received an honorarium of £250 for his role on the Minoritised Life Scientists Future Forum Committee. The remuneration was paid on an arm’s length basis and was in line with the charity’s standard terms for such services.” — page 90
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£4.0m
Total spending
£2.3m
Cost of raising funds
£15k
Reserves (reported)
£14.3m
Employees
18
Trustees
- Adam Craig Workman
- Catherine Rees
- Dr Emmanuel Adukwu
- Dr Helen Nnenna Onyeaka
- Dr James Williamson
- Dr Katherine Ann Bass
- Dr Katherine Marie Lagerstrom
- Dr Marc Gregory Dumont
- Dr Nwadiuto Esiobu
- Dr Samantha Pashley Law
- Louis Otto Balsiger
- Professor Diane Purchase
- Professor Jack Gilbert
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.0m | £2.3m |
| 31/12/2023 | £2.0m | £1.9m |
| 31/12/2022 | £1.6m | £1.7m |
| 31/12/2021 | £2.1m | £1.2m |
| 31/12/2020 | £1.6m | £1.1m |
Common questions
Is Applied Microbiology International financially healthy?
The accounts state that the charity reported a significant increase in income to £4.0m, driven largely by the sale of part-owned journals, resulting in a £2.2m surplus. Per the trustees' report, net assets remain strong at £14.4m, with unrestricted reserves of £14.3m held well above the adopted target range of £9.6m to £11.5m. Its FY2024 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MIRZA SHARIF AHMAD FOUNDATION | 1 | £5.6m |
| THE PILGRIM TRUST | 1 | £707k |
| MAJLIS ANSARULLAH (UK) LTD | 1 | £265k |
| THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST | 1 | £110k |
| SIR SAMUEL SCOTT OF YEWS TRUST | 1 | £5k |
| ROYAL SOCIETY OF WILDLIFE TRUSTS | 1 | £0 |