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2021-03-31-accounts

THE MEASHAM FAMILY CHRISTIAN FOUNDATION

Trustees Annual Report - and Accounts, 2020 21

WellFound

WellFound is the working name of the Measham Family Christian Foundation. Charity number 1110434

The Measham Family Christian Foundation

Contents

1.
Charity Information ................................................................................................................... 3
Aim, vision, mission and values .................................................................................................... 3
Trustees: ....................................................................................................................................... 4
Registered Address: ...................................................................................................................... 4
Solicitors: ...................................................................................................................................... 4
Auditors: ....................................................................................................................................... 4
Bankers: ........................................................................................................................................ 4
2.
Achievements and activities ..................................................................................................... 5
Overview ....................................................................................................................................... 5
Overall achievements for the year ............................................................................................... 5
Response to COVID-19 .................................................................................................................. 6
Our work in Guinea-Bissau ........................................................................................................... 7
Our work in Sierra Leone .............................................................................................................. 9
Stories from Africa ...................................................................................................................... 11
Support work from the UK ......................................................................................................... 12
Our friends, supporters, and volunteers .................................................................................... 12
3.
Organisation and governance ................................................................................................. 12
4.
Financial review ...................................................................................................................... 12
5.
Aims and plans ........................................................................................................................ 14
6.
Trustees' responsibilities in relation to the financial statements .......................................... 14
7.
Independent Auditors' report for the year ended 31 March 2021 ........................................ 16
8.
Statement of financial activities for the year ended 31 March 2021 ..................................... 20
9.
Balance sheet as at 31 March 2021 ........................................................................................ 21
10.
Notes to the financial statements for the year ended 31 March 2021 .............................. 22

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The Measham Family Christian Foundation

1. Charity Information

Aim, vision, mission and values

The Measham Family Christian Foundation is a Christian, charitable, non-governmental organisation which was registered on the 13th July 2005. It is governed by a Declaration of Trust made on 2nd February 2005.

The Measham Family Christian Foundation has the working name WellFound .

The Charity is registered under the Charities Act 2011, as Registered Charity Number 1110434.

The CHARITY’S AIM is to relieve poverty, hardship and distress all over the world, by such exclusive charitable means as the Trustees shall from time to time determine and in particular, but not by way of limitation, by the provision of water and sanitation, health and agricultural education. A secondary aim of the Charity is the advancement of the Christian religion.

The CHARITY’S VISION is a world where people of all nations, now and in future generations, have safe, clean drinking water, hygienic toilet facilities, the advancement of health and local sustainability with the aid of agricultural enrichment.

The CHARITY’S MISSION is to provide safe drinking water and hygienic sanitation facilities for communities in need regardless of their nationality, religious belief, race or gender. By working in partnership with local organisations and people, the Charity seeks to encourage and empower people to bring them out of poverty, independently and sustainably.

The CHARITY’S VALUES are:

Both capital and income may be used to achieve the Charity’s aim, vision and mission.

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The Measham Family Christian Foundation

Trustees:

Howard H. Measham. (Emeritus Chairman) David Horncastle. B.Sc. M.Sc. (Chairman) Gill Shaw. ABIPP AMPA Hayden H. Measham. Kate Horn. MA FRICS New trustees would be appointed and inducted by the existing trustees.

Registered Address:

Living Water House 309 Greenford Road Greenford Middlesex UB6 8RE

Solicitors:

B P Collins Collins House 32-38 Station Road Gerards Cross Buckinghamshire SL9 8EL

Auditors:

Critchleys Audit LLP Beaver House 23-38 Hythe Bridge Street Oxford. OX1 2EP

Bankers:

Barclays Bank PLC Hounslow and Southall Business Centre 210 High Street Hounslow Middlesex TW3 1DL CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

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The Measham Family Christian Foundation

2. Achievements and activities

Overview

WellFound is a small and effective development organisation on the frontline of economic development, operating in remote areas where there is limited or no intervention by other organisations.

We work in partnership with poverty-stricken, rural villages in Africa to help them transform. The partnerships result in access to clean water, safe sanitation facilities, hygiene training, market gardens and increased gender equality through the involvement of women in decision making and economic empowerment.

WellFound has developed expertise in community engagement and rural participation methods. Using these methods, we help communities to deliver sustainable projects to address poverty and poor health.

We continue to focus our work in Guinea Bissau and Sierra Leone (both in the bottom tier of the UN Human Development Index) where less than 30% of people in rural areas have access to clean water.

2020-21 has been a year of significant challenge as the COVID-19 pandemic seriously impacted both countries. We have worked hard to keep our staff safe and to protect those we are aiming to help. In addition to our normal work we ran COVID-19 rapid response programmes in both countries. This was an exceptionally busy year and we achieved significant outcomes which are summarised below.

Overall achievements for the year

Guinea Bissau

We have worked in 7 new villages and helped 5,608 people to improve their lives through the provision of 10 wells, 105 latrines, and 4 market gardens. 171 people were trained in agriculture and business skills, construction, and mechanical skills. 2,623 people participated in health promotion programmes. 356 people participated in equality workshops. 99 people became economically active. All these achievements surpassed our targets for the year.

We continued to support 21 further villages where we started work in previous years to ensure that they are confident to take ownership of the facilities they now enjoy and can look after them. WellFound's policy is to remain in partnership with villages for three years to ensure sustainability.

Sierra Leone

We have worked in 3 new villages and helped 2,955 people to improve their lives through the provision of 3 wells, 111 latrines, and 3 market gardens. 166 people were trained in agriculture and business skills, construction, and mechanical skills. 1,182 people participated in health promotion programmes. 150 people participated in equality workshops. 96 people became economically active. Once again we surpassed our targets for the year.

We continued to support 6 further villages where we started work in previous years.

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COVID-19 Rapid Response

In addition to our regular work summarised above, we also ran a COVID-19 Rapid Response programme to alleviate serious suffering caused by the pandemic. In total we supported 15,553 people through this programme: we built 1,094 new handwashing stations, renovated 24 health centres latrines and 13 health centres wells, supplied 6,312 people with emergency food packages, established 227 back gardens for growing vegetables, and provided 2,409 people with PPE.

Grand Total

By the end of March 2021, WellFound had helped a grand total of 133,507 people since the foundation of the charity in 2005.

Response to COVID-19

Our over-riding aim has been the safety of WellFound staff and the protection of the remote communities where we work. At the start of the pandemic we developed a standard operating procedure based on medical and professional advice. All staff were trained in safe practices, provided with PPE, and the training was repeated regularly. We are extremely pleased that none of our staff have been diagnosed with COVID, and no one in the villages were diagnosed.

Having assured the safety of all concerned, we have concentrated in two main areas:

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Figure 1. Staff members Joao and Hertumisa broadcasting on Bissau radio

Figure 2. A tippy-tap in use.

Our response to COVID-19 will continue well into 2021-22 and probably beyond.

Our work in Guinea-Bissau

In addition to the COVID-19 rapid response work, during 2020-21 we worked in 7 new villages in remote and impoverished areas in Guinea-Bissau.

In each village we start with a needs assessment and a discussion with the whole village to make sure they are prepared to partner with WellFound and do their share of the work. The needs assessments typically find very poor sources of drinking water, often a long walk away from the village centre. Children regularly carry water for long distances back to the villages and as a result do not have time for school. The incidence of water-related disease is high, and many villagers are malnourished.

In each of these villages WellFound has provided a borehole with either a handpump or a solar powered pump feeding a reservoir tank and taps. Clean water is typically found at a depth of 2030m. The Government tests the water which we ensure complies with WHO drinking water standards.

We also run a CLTS (Community Led Total Sanitation) approach to sanitation. We engage the community at all levels to build their own latrines and wash facilities. They take full ownership of the location of the latrines and their construction.

We encourage the creation of a Women’s Group in each village, and a Village Management Committee to take ownership of the work.

The women's groups set up Market Gardens with our advice and support, and grow a variety of vegetables to improve their nutritional intake. Women increase their income through selling vegetables at market and “Village Saving Schemes” are in place with regular savings to address any maintenance issues with the facilities.

We train people in basic health and hygiene, and in construction of latrines and maintenance of wells. We are particularly pleased that those we train often go on to develop their own businesses and independent sources of income. We have worked closely with the West Africa Vocational School, Caritas Guinea Bissau, UNICEF and AIDA to deliver this training.

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The Measham Family Christian Foundation

We were pleased this year to work in partnership with the following funders for work in GuineaBissau:

Figure 3. This is the village of Paili where the local management team decided to extend their water storage at their own cost and with their own effort having been training in construction skills by WellFound.

Figure 4. Emergency food distribution at a school in an area badly affected by food shortages.

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The Measham Family Christian Foundation

Figure 5. Visit by Victoria Billing, the UK Ambassador to Senegal and Guinea-Bissau.

Figure 6. WellFound arranged for trainee doctors from Bissau to visit the remote islands for COVID-19 prevention work.

Figure 7. With the help of the US Ambassador’s Special Self-Help Programme and in partnership with local communities, WellFound built three wells in remote Guinea-Bissau.

Our work in Sierra Leone

This has been the second full year of operation in Sierra Leone and we have learnt and achieved much. Our objective is to replicate the successful model for community engagement and sustainability we have seen in Guinea-Bissau, and we are pleased with the results. We share experiences between the two countries so that both benefit from lessons learnt.

During 2019-20 we worked in three new villages in remote and impoverished areas in Moyamba District, Sierra Leone.

We were pleased this year to work in partnership with the following funders for work in Sierra Leone:

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The Measham Family Christian Foundation

Figure 8. A successful collaboration with Action4Schools, part of a wider programme of joint work.

Figure 9. Produce from a market garden for sale.

Figure 10. Constructing the support for a water tank fed by a solar well.

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Stories from Africa

As well as objective measures of our progress, we are delighted to hear stories about how life has been improved. Here is one typical case study from the village of Bandajuma in Sierra Leone.

----- Start of picture text -----
Figure 11. The original water source in Bandajuma,
about 1 mile from the village.
----- End of picture text -----

----- Start of picture text -----
Figure 12. The new well in the
village centre.
----- End of picture text -----

Ishmatu Sesay of Bandajuma said before the well was built her husband would come home at night after fishing and “ I had to travel about a mile during the night to fetch water to prepare the fish, but now I can access water nearby at any time which has reduced the risk I used to take.

35 years old Safiatu Will, a mother of five, added “ It was a dream we thought would never come true. There was absolutely no hope that I would one day drink clean water in this community as this was impossible for us to make happen on our own—unless a miracle happened .”

The villagers had been small-scale subsistence farmers but did not view farming as a source of economic benefit. WellFound encouraged an all-women market garden team which is now delivering positive social and economic outcomes. The women have established micro saving schemes and social funds. Each participant deposits 5,000 Leones into the market garden micro-saving scheme every two weeks and 500 Leones into the social fund.

These savings have already been used to buy more seeds, and the social fund provide small scale loans to other residents to start small businesses. The women are demonstrating social solidarity with shared interests and common goals.

Figure 13. Women administering the savings scheme.

Andrew Mustapha, WellFound’s project manager in Sierra Leone, said “ The women consider their participation in the market garden scheme as a means to widen economic opportunities and empowerment. And men’s perceptions of gender equality have changed. This was demonstrated when men accepted sharing household responsibilities, which is highly unusual in this culture .”

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Support work from the UK

The small team based in the UK office in Greenford, London is an integral part of WellFound's work. The team provides project management support, explores and develops partnerships, organises events and raises funds for the work in Africa. A dedicated team of volunteers and supporters of WellFound have been instrumental in promoting the work of WellFound through social media channels and new fund-raising platforms such as GlobalGiving and DonorSee.

Our friends, supporters, and volunteers

Particular thanks are due to everyone who supports WellFound through their interest, prayers and financial support.

3. Organisation and governance

The Trustees of the Charity during the period April 2020 – March 2021 are listed in the Administrative Information provided on page 4 of this document.

The Trustees met ten times throughout the period covered by this annual report to discuss project proposals and to review the on-going work of the Charity. The Trustees act to guide WellFound towards meeting our mission and aims, and to ensure tight financial control.

Public benefit: The trustees have complied with the duty within Section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

At each meeting the trustees consider the risks facing the charity. The main risks discussed this year have been

During the year the scope and structure of our organisation in the UK has remained stable. Our full-time CEO Dr Antony Kingsley continues to lead the whole operation and implement our strategic objectives. Dr Kingsley is supported by a full time International Programme Officer, Steven Bratten, and a part-time Partnerships and Funding Officer, Ros Spearing, and by a range of, volunteers and interns who cover fundraising; and social media. Joao Le and Andrew Mustapha have led the teams in Guinea-Bissau and Sierra Leone respectively.

Our thanks are due to all the WellFound staff and volunteers who work hard to support villagers in Africa in line with the mission and values of the charity.

4. Financial review

Since the establishment of the Foundation, all administration and fund-raising expenses of WellFound in the UK have been met by income from the Foundation’s property rental income. The period of this report, April 2020 to March 2021, was no exception. The property portfolio continued to generate a stable income source this reporting year in line with objectives which are to rent the properties out at market rates and to minimise voids.

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This allows us to commit to donors and grant bodies that 100% of their money will go towards work in Africa with no deduction for administration in the UK or fundraising. This is a very important commitment for us, and we also believe this arrangement makes WellFound into a much more stable and long-term charity. It allows us to employ and retain skilled people, and we believe this shows in the quality of the work we achieve in Africa as assessed by the two UK Aid reviews mentioned above.

We use the funds which are given to us specifically to ensure the sustainability of the work: we ensure that we remain in close contact with villages where we work for three years; we invest in very regular monitoring visits to ensure that the villagers are owning and maintaining their new facilities; we invest in training and health programmes. Also, where possible, we independently evaluate the results. Through this extra investment we believe we make the most of the generous grants we receive by ensuring sustainability.

A copy of the Charity’s audited accounts is available at the end of this Annual Report.

As of 31[st] March 2021, the charity’s free reserves (unrestricted funds not represented by fixed assets) were £112,343 (2020: £110,094)). The charity has a reserves policy of £70,000 to enable the charity to continue its operations.

During the year we received several legacies, gifts from individuals, and donations from other charitable trusts. We are grateful for these, and we reaffirm our commitment that 100% of this money supports work in Africa. The grants, gifts, donations and donations-in-kind have included the following:

We would also like to thank all those who have raised funds for WellFound during the year, and once again our 100% commitment applies to all these fundraising activities. Every penny helps and is spent alongside the grants mentioned above to bring help to Guinea-Bissau and Sierra Leone. We would particularly like to thank

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The Measham Family Christian Foundation

5. Aims and plans

The Trustees are committed to expanding the Charity’s activities based on our vision, aims and Christian values.

We will continue to support each village where we have worked for three years to ensure that the facilities are fully owned by the villagers, and so we can have confidence the work will have long term value.

We intend to continue the work of WellFound in both countries where we are present.

We continue to approach other Trusts and potential donors for funding, based on our successful track record. In coming years WellFound aims to extend our work to tackle the impact of climate change in the communities where we work and to address the impact of malnutrition particularly among children and mothers.

Three trends are relevant to WellFound’s future strategy:

  1. We are noticing the impact of climate change on our work. Previously reliable water supplies are becoming less reliable. The rainy seasons are becoming longer, heavier and more erratic. Deforestation in several areas is severely affecting the water table. We are starting to include education on how to mitigate the effects of climate change in our work with villagers, and we see this as a very important strand of work for the future.

  2. We have been very encouraged to see our work on water provision and market gardens is leading to improved gender equality, with better treatment of women and girls and more opportunities for them. We intend to make this an even more important theme for the future.

  3. Many potential funding organisations are reviewing their funding strategies, particularly in the light of the impact of COVID-19. We are fortunate to have a diverse funding base already but intend to diversify further in the coming year. The UKAID programme, which has supported work in Guinea-Bissau for six years and Sierra Leone for three, has come to an end. We would like to thank the UK Government for their generous support during this time.

6. Trustees' responsibilities in relation to the financial statements

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to:

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The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy 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 provisions of the trust deed. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

David Horncastle, Trustee. 25[th] October 2021

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7. Independent Auditors' report for the year ended 31 March 2021

Independent Auditor’s Report to the Trustees of The Measham Family Christian Foundation

Opinion

We have audited the financial statements of The Measham Family Christian Foundation (the “Charity”) for the year ended 31 March 2021, which comprise the Statement of Financial Activities, Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trsutees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s

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report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out on page 14, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under Section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

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Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

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There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the Charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Critchleys Audit LLP Oxford Statutory Auditors

Date: 26 October 2021

Critchleys Audit LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

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8. Statement of financial activities for the year ended 31 March 2021

Note
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£
£
Income from:
Investments (properties)
2
135,694
-
-
Grants – UKAID
-
214,729
-
Other donations & legacies
3
57,374
14,009
-
Interest
89
-
-
COVID local authority grant
10,000
-
-
Events (including associated
donations)
3
-
-
-
Total income
203,157
228,738
-
Expenditure on:
Raising funds
Property rental agent fees
1,417
-
-
Property expenses
36,316
-
-
Wages (fundraising)
5
9,266
-
-
Event costs
300
-
-
2
47,299
-
-
Charitable activities -
Wellfound
Charitable projects:
3
Guinea Bissau
4,5
45,471
145,060
-
Sierra Leone
4,5
31,399
100,569
-
UK administration
2
UK Wages on admin
5
46,942
-
-
UK Support costs
6
32,463
-
-
156,275
245,629
-
Total expenditure
203,574
245,629
-
(Expenditure) before
investment gains
(417)
(16,891)
-
Gains on investment assets
8
-
-
-
Net (expenditure)
(417)
(16,891)
-
Funds brought forward
123,425
_198,534
1,685,000
Funds carried forward
123,008
181,643
1,685,000
Total
2021
£
135,694
214,729
71,383
89
10,000
-
431,895
1,417
36,316
9,266
300
47,299
190,531
131,968
46,942
32,463
401,904
449,203
(17,308)
-
(17,308)
2,006,959
1,989,651
Total
2020
£
136,300
150,483
45,195
295
-
9,008
341,281
2,109
26,022
4,416
3,396
35,943
149,629
90,725
45,503
39,376
325,233
361,176
(19,895)
-
(19,895)
2,026,854
2,006,959

Our commitment that 100% of donations are used on projects is very important to us. Note 3 explains how we have done this year against this commitment.

In 2020, £190,798 of the total income was unrestricted and £150,483 was restricted. £168,750 of

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9. Balance sheet as at 31 March 2021

Note 2021 2021 2020
£ £ £ £
£
FIXED ASSETS
Tangible assets 7 10,665 13,331
Investments – investment properties 8 1,685,000 1,685,000
1,695,665 1,698,331
CURRENT ASSETS
Debtors 9 108,379 59,563 59,563
Cash at bank and in hand 249,801 303,255
358,180 362,818 362,818
CREDITORS:
Amounts falling due within one year 10 (64,194) (54,190)
NET CURRENT ASSETS 293,986 308,628
NET ASSETS 1,989,651 2,006,959
FUNDS
Endowment 11 1,685,000 1,685,000
Restricted 12 181,643 198,534
Unrestricted:
General funds 123,008 123,425
TOTAL FUNDS 1,989,651 2,006,959

These financial statements were approved and authorised for issue by the Trustees on 25[th] October 2021

David Horncastle (Trustee)

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10. Notes to the financial statements for the year ended 31 March 2021

1. CHARITY INFORMATION AND ACCOUNTING POLICIES

The Measham Family Christian Foundation is a UK unincorporated charity with its office at Living Water House, 309 Greenford Road, Greenford, Middlesex, UB6 8RE.

The financial statements have been prepared in accordance with “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)”, FRS 102 and the Charities Act 2011.

The Measham Family Christian Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value (except for investments).

a) Income

All income is included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

b) Expenditure

All expenditure is accounted for on an accruals basis and includes any irrecoverable VAT.

c)

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixture, fittings and equipment: 20% reducing balance basis

Fixed assets for use in Africa are charged to expenses in the year in which they are purchased.

d)

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund as set out in the notes to the financial statements.

Permanent endowment funds are where the donor has specified that the income, but not the capital, may be used for charitable purposes.

e) Investment Income

Income from investments is accounted for on an accruals basis.

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f) Investment properties

Investment properties are included at market valuation, on the Trustees best estimate thereof. Any changes in valuation are reflected in the statement of financial activities.

g) Foreign currencies

Transactions in foreign currencies are recorded at the exchange rate of the date of the transaction. Monetary assets and liabilities are converted into sterling at the year-end exchange rate and any differences are taken to the Statement of Financial Activities purposes.

h) Going concern

The accounts have been prepared on a going concern basis, no material uncertainties have been identified.

2. UTILISATION OF INVESTMENT INCOME (PROPERTIES)

From owned properties
From leased properties (309A/B Greenford Road)
2021
£
111,694
24,000
135,694
2020
£
113,300
22,000
136,300

This income is spent on administration and fundraising in the UK. This includes: expenditure on raising funds; coordination of volunteers and interns; running the UK office; the proportion of our CEO's time spent supervising and running the UK office; and the proportion of our project monitoring officer's time spent on administration of the UK office.)

3. UTILISATION OF DONATIONS AND EVENTS INCOME

WellFound guarantees that 100% of donations made to the charity are used on projects and that administration is always funded separately. This year we received £57,374 as unrestricted donations and legacies, and £nil from events.

Our project expenditure includes: project materials and construction costs; travel by our staff to visit villages in Guinea-Bissau and Sierra Leone; training of villagers in well maintenance and agriculture; partner costs in Guinea-Bissau; costs of the office in GuineaBissau and wages of staff employed in Guinea-Bissau; and the proportion of our CEO's time (2 days each week) and our UK based project monitoring officer (4 days each week) which is spent on direct supervision of work in Guinea-Bissau and Sierra Leone.

Our total unrestricted project expenditure in all these categories was £76,870 demonstrating that all of the donations have been used on projects.

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The Measham Family Christian Foundation

4. WELLFOUND IN SIERRA LEONE AND GUINEA BISSAU

WellFound operates as a separate company limited by guarantee in Sierra Leone. WellFound (Sierra Leone) was incorporated and registered in Freetown on 7[th] November 2018, registration number SL071118WELLF04367. The three directors of WellFound (Sierra Leone) are Howard Measham, David Horncastle and Gill Shaw who are also trustees of the Measham Family Christian Foundation.

WellFound operates as a separate charity in Guinea-Bissau. WellFound (Guinea-Bissau) was registered in Bissau on 30th January 2014. Howard Measham is the trustee of WellFound (GuineaBissau) and he is also trustee of the Measham Family Christian Foundation.

5. STAFF COSTS


UK

Wages and Salaries
Pension (defined contribution)
National Insurance
Overseas (charitable projects)
Guinea Bissau staff costs
Sierra Leone staff costs
2021
£
92,759
5,930
5,244
103,933
29,478
20,365
153,776
2020
£
86.214
5,146
5.861
97,221
23,848
18,389
139,458

The average number of UK employees was 3 (2020: 3)

No employees had remuneration in excess of £60,000 (2020: None).

Key management remuneration (including employers’ national insurance and pension costs) totalled £70,022 (2020 £67,355)

The total UK staff costs are allocated in the Statement of Financial Activities as follows:


Fundraising
UK administration
Management of charitable projects
TOTAL
2021
£

9,266
46,942
47,725
103,933
2020
£
4,416
45,503
47,302
97,221

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The Measham Family Christian Foundation

6. UK SUPPORT COSTS

2021
£
Rent
3,000
Office expenses
5,713
Heat, light & water
3,024
Travel
41
Office repairs
403
Legal and professional fees
5,953
Exchange (gains)/losses
7,306
Bank charges
337
Advertising
-
Depreciation
2,666
Governance costs:
Auditors’ remuneration
4,020
32,463
7.
TANGIBLE FIXED ASSETS
Fixtures,
Fittings &
Equipment
Investment
Property
Fittings
£
£
Cost
At 1 April 2020
115,717
9,105
Additions
-
-
At 31 March 2021
115,717
9,105
Depreciation
At 1 April 2020
103,362
8,129
Charge for the year
2,471
195
At 31 March 2021
105,833
8,324
Net book value
At 31 March 2021
9,884
781
At 31 March 2020
12,355
976
8.
INVESTMENT PROPERTIES
2021
£
At 1 April 2020
1,685,000
Net gain on revaluation
-
At 31 March 2021
1,685,000
2020
£
3,000
6,601
3,264
771
6,590
8,384
2,697
329
337
3,332
4,080
39,385
Total
£
124,822
-
124,822
111,491
2,666
114,157
10,665
13,331
2020
£
1,685,000
-
1,685,000

Investment properties were valued by Daniel Estate Agents in August 2015. In the opinion of the trustees there has been no significant change in value since then.

25

The Measham Family Christian Foundation

9. DEBTORS

Trade debtors
Prepayments
Grants receivable

Other debtors

REDITORS
Trade creditors
Other tax and social security
Rent deposits
Accruals
2021
£
1,423
2,271
100,939
3,746
108,379
2021
£
54,759
2,199
2,300
4,936
64,194
2020
£
483
2,916
46,969
9,195
59,563
2020
£
44,705
1,446
2,300
5,739
54,190

10. CREDITORS

11. ENDOWMENT FUNDS

Permanent endowment At 1 April
2020
Revaluation
gains
At 31 March
2021
£
£
£
1,685,000
-
1,685,000

This a fund which represents the value of the charity’s investments, the income from which is to be used to fund the charity’s activities. There was no movement on this fund in the year ended 31 March 2020.

26

The Measham Family Christian Foundation

12. RESTRICTED FUNDS

Current year
At 1 April
2020
£
UKAID – Guinea Bissau
-
UKAID – Sierra Leone
-
Autonomous Research Trust –
Guinea Bissau
188,838
Waterloo Foundation
-
Other
-
Transport
9,696
198,534
Previous year
At 1 April
2019

£

UKAID – Guinea Bissau
-
UKAID – Sierra Leone
-
Autonomous Research
Trust – Guinea Bissau
194,838
Transport
9,696
204,534
Income
Expenditure
£
£
114,160
(114,160)
100,569
(100,569)
-
(30,000)
10,000
-
4,009
(900)
-
-
228,738
(245,629)
Income
Expenditure



£
£

80,709
(80,709)
69,774
(69,774)
-
(6,000)
-
-
150,483
(156,483)
At 31
March
2021
£
-
-
-
158,838
10,000
3,109
9,696
181,643
At 31
March
2020
£
-
-
-
188,838
9,696
198,534

Transport is to purchase transport equipment in Guinea Bissau and Sierra Leone. Autonomous Research Trust and Watreloo Foundation is restricted to work in Guinea Bissau.

13. ANALYSIS OF NET ASSET BY FUND

NALYSIS OF NET ASSET BY FUND
Endowment

£
2021
Fixed Assets
1,685,000
Net current assets
-
1,685,000
2020
Fixed Assets
1,685,000
Net current assets
-
1,685,000
Restricted
Unrestricted
£
£
-
10,665
181,643
112,343
181,643
123,008

-
13,331
198,534
110,094
198,534
123,425
Total
£
1,695,665
293,986
1,989,651
1,698,331
308,628
2,006,959

14. TRUSTEES’ REMUNERATION AND EXPENSES

No trustees received any remuneration or other benefits in the year (2020: Nil). Travel and subsistence expenses totalling £nil (2020: £758) were reimbursed to nil (2020: 1) trustee during the year.

15. RELATED PARTY TRANSACTIONS

Total donations of £4,119 (2020: £5,610) were received from trustees and other related parties during the year. Howard Measham (Trustee) receives rent of £3,000 (2020: £3,000) from the charity.

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