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2022-03-31-accounts

THE MEASHAM FAMILY CHRISTIAN FOUNDATION

Trustees Annual Report - and Accounts, 2021 22

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
2. Achievements and activities ..................................................................................................... 5
3. Organisation and governance ................................................................................................. 12
4. Financial review ...................................................................................................................... 12
5. Aims and plans ........................................................................................................................ 13
6. Trustees' responsibilities in relation to the financial statements .......................................... 14
7. Independent Auditors' report for the year ended 31 March 2022 ........................................ 15
8. Statement of financial activities for the year ended 31 March 2022 ..................................... 19
9. Balance sheet as at 31 March 2022 ........................................................................................ 20
10. Notes to the financial statements for the year ended 31 March 2022 .............................. 21

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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.

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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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 Gerrards 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.

2021-22 has been another year when Covid-19 seriously impacted both countries. We have worked hard to keep our staff safe and to protect those we are aiming to help.

This was an exceptionally busy year and we achieved significant outcomes which are summarised below.

Overall achievements for the year

Guinea Bissau

We worked in two new villages, three health centres and improved 11 existing villages by providing access to water for 11,191 people. In partnership with the local people, we provided 16 wells, 176 latrines, and three market gardens. 187 people were trained in agriculture and business skills, construction, and mechanical skills. 4,921 people participated in health promotion programmes. 1,260 people participated in equality workshops. 255 people became economically active. All these achievements surpassed our targets for the year.

We continued to support villages in the islands 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 13 new villages and helped 8,235 people to improve their lives through the provision of 13 new wells, 33 latrines, six market gardens and one school garden. 361 people were trained in agriculture and business skills, construction, and mechanical skills. 8,083 people participated in health promotion programmes. 459 people participated in equality workshops. 252 people became economically active.

We continued to support 20 further villages where we started work in previous years.

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COVID-19 Response

In addition to our regular work summarised above, we continued our support to communities and health centres. In Guinea Bissau three health centres were provided with solar systems. This significantly enhanced the care of patients. This part of the project is funded by British Embassy Senegal. Further, with the support of the British Social Workers fund, we engaged local health promotion workers to run several COVID prevention workshops. All WellFound 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 where we work were diagnosed.

Grand Total

In the year to March 2022, WellFound helped 19,426 people. This brings the grand total to 152,933 people supported since the foundation of the charity in 2005.

Our work 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 village WellFound provides 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 20-30m. 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 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

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and independent sources of income. We have worked closely with the West Africa Vocational School, Caritas Guinea Bissau, Red Cross and TOSTAN to deliver this training.

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

Our work in Sierra Leone

This has been the third full year of operation in Sierra Leone and we have learnt and achieved much. We have replicated 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 2021-22 we worked in 13 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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Stories from Africa

As well as objective measures of our progress, we are always delighted to hear stories about how life has been improved.

Water for the health centre in Binar, Guinea-Bissau

The health centre covers more than 5,000 people from several villages where WellFound had already worked. The water for the health centre came from a stream in a nearby rice field and was a risk to health. At the request of the health workers WellFound provided a new water system with significant benefit to the health workers and patients.

Figure 1. The original water source.

Figure 2. The new water point.

Communities taking the initiative

WellFound worked in Acuminca, Guinea-Bissau, four years ago and provided a hand-pumped well. In 2021 the village wanted to upgrade their system to a solar pump. They raised a contribution to renovate and improve the existing system. During the meeting with the village a man called Luis said the way WellFound works is very good because we are teaching them how to be selfsufficient so that they will be able to be on their own. He added that water is life and WellFound has brought life to the people of Acuminca.

Figure 3. Acuminca village meeting to discuss plans and raise money.

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Similarly, in Nhamate, Guinea-Bissau, the Community Management Committee mobilized the villagers to contribute to an extra borehole to provide water to some distant houses. The villagers used money raised from the sale of cashew nuts to buy a new pump and pay for the construction of a storage tank. On behalf of the community, a woman called Quessungue said WellFound saves lives with this method of work.

Figure 4. Villagers in Nhamate with the new water point and storage tank they contributed to.

The positive impact of village governance

Theresa is from the village of Ntin in GuineaBissau. She said “Once I got married here, I had nothing to do. I felt so useless.” She wanted to join the market garden, but the management committee rule is that that women must first have a family toilet to improve their family health. Ntin’s husband raised extra money to construct a toilet and Ntin was able to join the market garden. She added, “Now being a member of the market garden makes my time

worthwhile. I am earning some money and improving our family’s diet. The requirement to have a toilet shows the importance which our village places on health.”

Sharing of responsibility

On a monitoring visit to Tchangue village, Guinea-Bissau, we found this young man in the market garden watering plants for his wife. This is unusual. When asked he said his wife, Cecilia, was away for several days and her plants might die if not watered.

He said he attended a gender equality discussion led by WellFound and learnt that a

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family which works together would be more successful. At harvest time this family got the best results from their plot. He said in a subsequent community meeting that men in Tchangue should support their wives as he had done.

Successful Village Savings and Loan Schemes

WellFound established these schemes as part of the village governance across all villages where we work in Sierra Leone. The purpose is to combat poverty, enable financing and improve the resilience of poor rural famers. The money in the schemes comes partly from the sale of vegetables grown in the WellFound market gardens.

According to Hassanatu Nao from Tengbelor, she had many problems before the project started in her community. Her husband had left, and she was the primary carer for her two children. She wanted to start a business but could not because she had no capital or access to loans. She said “By becoming a member of the scheme initiated by WellFound I am now able to take loans and start a fishing business which has changed my life. I am making a monthly profit of Le 300,000. I am now happy about this new opportunity since joining the Tengbelor scheme.”

Figure 6. Hassanatu Nao benefitted from loans taken from the micro savings group. She now sells fish as a business so that she can be able to pay back the loan.

Sustainability

One of our goals is that the services we provide are maintained, repaired and replaced by local people. We have trained local young men in Sierra Leone in well drilling and repair which also provides employment. According to Sheku S. Kanu, “I firstly want to thank WellFound for this opportunity as it has made a significant change in our lives. In the past

we relied on subsistence farming which impacted us negatively with hard labour and not enough money. We would have to take out large loans which we could not pay back. The actions taken by WellFound have reduced poverty and regrown our confidence.”

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Water

All the benefits above – health, nutrition, self-sufficiency, self-confidence, employment, financial stability, gender equality – start with the provision of water which is the core mission of WellFound. These words are from Marian Mei, 24, a mother of two in Chokolor village, Sierra Leone:

“We always longed to have access to clean water but where could we get it? We had been suffering so much from diseases like dysentery, diarrhoea, and bilharzia. Diarrhoea was rampant among children because of drinking dirty water.”

Thanks to support from WellFound more than 350 people in Chokolor now have access to safe, clean water from a new borehole. The suffering of Marian and other villagers has ended, and children and women now have enough time to study and engage in income-generating activities.

She said, “We are really grateful to WellFound for this borehole. That is why the day the borehole was launched, the entire community gathered to sing, dance, and eat all night to celebrate the blessing that we never thought would ever come”.

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.

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3. Organisation and governance

The Trustees of the Charity during the period April 2021 – March 2022 are listed in the Administrative Information provided on page 4 of this document.

The Trustees met seven 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 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. For part of the year Dr Kingsley was supported by a full time International Programme Officer, Steven Bratten who moved on with our thanks in November 2021, and a part-time Partnerships and Funding Officer, Ros Spearing, who is now continuing a similar role based in Dakar, Senegal as a freelance consultant. 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 2021 to March 2022, 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.

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.

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.

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

As of 31[st] March 2022, the charity’s free reserves (unrestricted funds not represented by fixed assets) were £159,106 (2021 £112,343). 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 and donations 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

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

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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.

  1. 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.

  2. 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.

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:

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

20[th] September 2022

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7. Independent Auditors' report for the year ended 31 March 2022

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 2022, 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 on page 15, 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 Beaver House 23-38 Hythe Bridge Street Oxford OX1 2EP Statutory Auditors

Date: 29 September 2022

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 2022

Note
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£
£
Income from:
Investments (properties)
2
136,300
-
-
Grants – FCDO
-
67,673
-
Other donations & legacies
3
45,855
21,063
-
Interest
25
-
-
COVID 19 Grants
-
600
-
Events (including associated
donations)
3
9,900
-
-
Total income
192,080
89,336
-
Expenditure on:
Raising funds
Property rental agent fees
1,134
-
-
Property expenses
16,061
-
-
Wages (fundraising)
5
3,559
-
-
Event costs
1,370
-
-
2
22,124
-
-
Charitable activities -
Wellfound
Charitable projects:
3
Guinea Bissau
4,5
14,670
82,907
-
Sierra Leone
4,5
50,438
47,038
-
UK administration
2
UK Wages on admin
5
45,027
-
-
UK Support costs
6
15,190
-
-
125,325
129,945
-
Total expenditure
147,449
129,945
-
(Expenditure) before
investment gains
44,631
(40,609)
-
Gains on investment assets
8
-
-
546,070
Net (expenditure)
44,631
(40,609)
546,070
Funds brought forward
123,008
_181,643
1,685,000
Funds carried forward
167,639
141,034
2,231,070


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 2021, £203,157 of the total income was unrestricted and £228,738 was restricted. £203,574 of

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9. Balance sheet as at 31 March 2022

Note
FIXED ASSETS
Tangible assets
7
Investments – investment properties
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS:
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS:
Amounts falling due in more than
one year
11
NET ASSETS
FUNDS
Endowment
12
Restricted
13
Unrestricted:
General funds
TOTAL FUNDS		 2022
£
£
8,533
2,368,000
2,376,533
15,431
330,668
346,099
(155,889)
190,210
2,566,743
(27,000)
2,539,743
2,231,070
141,034
167,639
2,539,743		 2021
£
£
10,665
1,685,000
1,695,665
108,379
249,801
358,180
(64,194)
293,986
1,989,651
-
1,989,651
1,685,000
181,643
123,008
1,989,651

These financial statements were approved and authorised for issue by the Trustees on 20[th] September 2022

David Horncastle (Trustee)

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10. Notes to the financial statements for the year ended 31 March 2022

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)
 2022
£
112,000
24,000
136,000		 2021
£
111,694
24,000
135,694

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 £45,855 as unrestricted donations and legacies, and £9,900 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 £65,108 demonstrating that all of the donations have been used on projects.

22

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		 2022
£
81,359
5,654

4,510
91,523
24,340
20,544

136,407		 2021
£
92,759
5,930
5,244
103,933
29,478
20,365
153,776

The average number of UK employees was 3 (2021: 3)

No employees had remuneration in excess of £60,000 (2021: None).

Key management remuneration (including employers’ national insurance and pension costs) totalled £68,583 (2021: £70,022)

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


Fundraising
UK administration
Management of charitable projects
TOTAL		 2022
£

3,559
45,027
42,937
91,523		 2021
£
9,266
46,942
47,725
103,933

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The Measham Family Christian Foundation

6. UK SUPPORT COSTS

2022
£
Rent
3,000
Office expenses
6,190
Heat, light & water
2,688
Travel
214
Office repairs
1,899
Legal and professional fees
6,190
Exchange (gains)/losses
(11,690)
Bank charges
346
Depreciation
2,132
Governance costs:
Auditors’ remuneration
4,221
15,190
7.
TANGIBLE FIXED ASSETS
Fixtures,
Fittings &
Equipment
Investment
Property
Fittings
£
£
Cost
At 1 April 2021
115,717
9,105
Additions
-
-
Disposals
-
-
At 31 March 2022
115,717
9,105
Depreciation
At 1 April 2021
105,833
8,324
Charge for the year
1,977
155
On disposals
-
-
At 31 March 2022
107,810
8,479
Net book value
At 31 March 2022
7,907
626
At 31 March 2021
9,884
781
8.
INVESTMENT PROPERTIES
2022
£
At 1 April 2021
1,685,000
Additions
136,930
Net gain on revaluation
546,070
At 31 March 2022
2,368,000		 2021
£
3,000
5,713
3,024
41
403
5,953
7,306
337
2,666
4,020
32,463
Total
£
124,822
-
-
124,822
114,157
2,132
-
116,289
8,533
10,665
2021
£
1,685,000
-
-
1,685,000

Investment properties were valued by Daniel Estate Agents in August 2022.

24

The Measham Family Christian Foundation

9. DEBTORS

Trade debtors
Prepayments
Grants receivable
Other debtors		 2022
£
8,223
2,403
-

4,805
15,431
 2021
£
1,423
2,271
100,939
3,746
108,379

10. CREDITORS

Trade creditors
Other tax and social security
Rent deposits
Loans
Accruals
 2022
£
51,377
1,797
2,300
92,400
8,015
155,889		 2021
£
54,759
2,199
2,300
-
4,936
64,194

Further information on the loan can be found in note 16

11. LONG TERM CREDITORS

Loans 2022
£
27,000
27,000		 2021
£
-
-

Further information on the loans can be found in note 16

12. ENDOWMENT FUNDS

Permanent
endowment		 At 1 April
2021
Additions
Revaluation
gains
At 31 March
2022
£
£
£
1,685,000
-
546,070
2,231,070

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 2021.

25

The Measham Family Christian Foundation

13.
RESTRICTED FUNDS
Current year
At 1 April
2021
£
FCDO – Guinea Bissau
-
FCDO – Sierra Leone
-
Autonomous Research Trust –
Guinea Bissau
158,838
Waterloo Foundation
10,000
Ambassador’s Special Self-
Help Programme (US
Embassy – Senegal)
3,109
Transport
9,696
British Social Workers fund
– COVID 19
-
UK Embassy Senegal
-
Carmela and Ronnie
Pignatelli Foundation
-
Peter Stebbings Memorial
Charity
-
181,643
Previous year
At 1 April
2020

£

DFID – Guinea Bissau
-
DFID – Sierra Leone
-
Autonomous Research
Trust – Guinea Bissau
188,838
Waterloo Foundation
-
Other
-
Transport
9,696
198,534

Income
Expenditure
£
£
20,635
(20,635)
47,038
(47,038)
-
(36,000)
-
(10,000)
3,063
(6,172)
-
-
600
(600)
9,500
(9,500)
2,500
-
6,000
-
89,336
(129,945)
Income
Expenditure



£
£

114,160
(114,160)
100,569
(100,569)
-
(30,000)
10,000
-
4,009
(900)
-
-
228,738
(245,629)		 At 31
March
2022
£
-
-
122,838
-
-
9,696
-
-
2,500
6,000
141,034
At 31
March
2021
£
-
-
-
158,838
10,000
3,109
9,696
181,643

Of the funds active at 31 March 2022, the Transport Fund is to purchase transport equipment in Guinea Bissau and Sierra Leone. The Autonomous Research Trust is restricted to work in Guinea Bissau. The Carmela and Ronnie Pignatelli Foundation and Peter Stebbings Memorial Charity are both restricted to work in Sierra Leone.

26

The Measham Family Christian Foundation

14. ANALYSIS OF NET ASSET BY FUND

NALYSIS OF NET ASSET BY FUND
Endowment

£
2022
Fixed Assets
2,231,070
Net current assets
-
Long term loans
-
2,231,070
2021
Fixed Assets
1,685,000
Net current assets
-
1,685,000		 Restricted
Unrestricted
£
£
-
145,463
141,034
141,576
-
(119,400)
141,034
167,639
-
10,665
181,643
112,343
181,643
123,008		 Total
£
2,376,533
282,610
(119,400)
2,539,743
1,695,665
293,986
1,989,651

15. TRUSTEES’ REMUNERATION AND EXPENSES

No trustees received any remuneration or other benefits in the year (2021: Nil). Travel and subsistence expenses totalling £nil were reimbursed to nil (2021: nil) trustee during the year ended 31 March 2022 (2021: £nil).

16. RELATED PARTY TRANSACTIONS

Total donations of £5,175 (2021: £4,119) were received from trustees and other related parties during the year. Howard Measham (Trustee) receives rent of £3,000 (2021: £3,000) from the charity.

During the year, a loan of £10,000 was received from D Horncastle (trustee). The loan is repayable in 3 years and does not have any interest charged. At the year end, £10,000 was outstanding on the loan.

During the year, a loan of £20,000 was received from K Horn (trustee). The loan is repayable in 3 years and does not have any interest charged. At the year end, £17,000 was outstanding on the loan.

During the year, a loan of £92,400 was received from H Measham (trustee). The loan does not have any interest charged. At the year end, £92,400 was outstanding on the loan.

27