THE MEASHAM FAMILY CHRISTIAN FOUNDATION WORKING AS WELLFOUND ## WellFound ## **Charity Information** David R Horncastle (Chair) Gill A Shaw ABIPP AMPA Hayden H Measham Francis P Henry MNAEA & MARLA B P Collins Collins House 32-38 Station Road Gerrards Cross Buckinghamshire SL9 8EL Tahas & Co Ltd 760 Eastern Avenue Newbury Park London IG2 7HU 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 2 ## **Contents** .............................................................................................................. ....................................................................................................................................... ............................................................................................................................................. ............................................................................................................ .................................................................................................................. .................................................................................................................... .................................................................................................................. ................................................................................................................................. ........................................................................................................................ ............................................................................................................ ....................................................................................................................... ........................................................................................................................................ ........................................................................................................... .............................................................................................................................. .................................................................................................................................... ................................................................................................................................ ............................................................................................................................. ................................................................................................ ......... .................................................................................................. .................................................................................................. ................................................... ...................................................................................................... ................................................ 3 The Measham Family Christian Foundation Aim, vision, mission and values The charity's aim is to relieve poverty, hardship and distress throughout the world by such exclusively charitable means as the trustees determine, including the provision of water and sanitation, health support and agricultural education. The charity's vision is a world in which people of all nations, now and in future generations, have safe and clean drinking water, hygienic sanitation, improved health and the ability to sustain themselves through agriculture and other locally led development. The charity's mission is to provide safe drinking water and hygienic sanitation for communities in need. reEardless of nationality, religious belief. race or gender. By working through local organisations and in partnership with communities, the charity seeks to enable people to overcome poverty independently and sustainably. The charity's values are.. to follow the teaching and example of Jesus Christ,. to respond to need in a sustainable way without discrimination on grounds of religious belief, race or gender,. to ensure that donations made for charitable work are applied 100% to that work, with UK administration and fundraising funded separately; to work in partnership with local organisations and communities; to act accountably and transparentlv. Subject to the terms and restrictions applying to individual funds, both capital and income may be used to further the charity's purposes. The Measham Family Christian Foundation Trustees, report The trustees present their annual report and the financial statements of the charity for the year ended 31 March 2026. Overview WellFound is a small and effective development organisation on the frontline of economic development. We work with rural communities in Guinea-Bissau and Sierra Leone, often in remote areas where acce55 to basic services is limited and few other organisation5 operdte. Clean water remains at the centre of the charity's work, and we find that access to water unlocks lasting change. We therefore combine water provision with sanitation, hygiene and health education, nutrition, climate-resilient agriculture, community savings, economic empowerment and work to improve the position of women and marginalised groups. The charity's approach is based on partnership and community ownership. Communities participate in planning, construction and management, and establish local committees and savings arrangements to maintain the facilities created. WellFound normally continues to work with communities for at least three years, helping them build the skills, confidence and structures required to sustain progress independentlv. The year was one of both delivery and organisational development. Work was completed in communities in both countries, while major new partnerships were secured, stronger financial and Eovernance systems were introduced, and preparations were made for a significant increase in programme achvity in Sierra Leone. Achievements during the year In Sierra Leone, 5,672 people gained access to safe drinking water through 12 wells. In Guinea-Bissau, 1,935 people gained access to safe drinking water through four new wells with 11 water points, together with two renovated wells. This represents a total of 7,607 people gaining improved access to safe water during 2025-26, takinE the cumulative number of people supported since the charity's foundation in 2005 to 193,894. Across both countries, the work also included sanitation facilities, handwashing stations, health and hygiene education, market and household gardens, climate-resilience training, community savings groups, training in the maintenance of water systems, and activities promoting shared decision- making and collective prosperity. WellFound also continued supporting communities reached in previous years. This follow-up work is central to the charity's model. It enables communities to strengthen management committees, maintain and improve water systems, build savings funds, and continue agricultural, health and livelihood activities after the initial project has ended. How the work is organised WellFound Sierra Leone and WellFound Guinea-Bissau are part of the WellFound family and are reElStered local organisations, led by local staff and governed within their respective countries. Their The Measham Family Christian Foundation local knowledge, relationships and experience enable programmes to respond effectively to the needs of remote and disadvantaged communities. The Measham Family Christian Foundation, working as WellFound in the UK, is responsible for fundraising, strategic direction, capacity building and oversight of the funds and programmes it supports. This includes aEreeinE budgets and programme objectives, monitoring expenditure and donor compliance, reviewing progress and results, and supporting appropriate standards of governance, safeguarding and financial management. WellFound UK supports both countries to take the lead in governance, to address country-specific needs and to have the capacity to form strategic and operational partnerships. The UK also supports them in identifying and securing resources and funding at country level. WellFound UK will continue to oversee the impact these country-level organisations brinE to communities, and assist them in building the capacityi credibility and relationships necessary to extend their impact even further. Our work in Sierra Leone WellFound Sierra Leone has worked in the country since 2017. It has now supported more than 35,000 people across 59 villages. During 2025-26, the Sierra Leone team worked in ten communities and constructed 12 wells, providing safe water to 5,672 people. The programme also delivered- 265 sanitation facilities,. 335 handwashing stations,. 79 hygiene-promotion activities; six new market gardens- 468 household gardens- seven Village SavinES and Loan Associations- training in nutrition, climate resilience, agriculture, equality and collective prosperity,. training for young people in water-system repair and maintenance,. savings totalling 12,436 new leones by participating communities to help maintain village facilities. A signilicant development was the start of the three-year Boosting Agriculture, or RAB, project in Moyamba District in partnership with Welthungerhilfe and SiLNoRF. The programme has a value of approximately É300,000 to WellFound over three years and is intended to benelit around 15,000 people in 30 villages. It brings together water, sanitation, agriculture, nutrition, seed management, climate resilience and women-led agricultural development. Initial work included establishing local farmer organisations, women's vegetable groups and WASH committees, undertaking baseline work and introducing new monitoring systems. Action4Schools continued to be an important partner in funding wells in remote communities. Other support came through the Big Give, the United States Embassy, the Royal Grammar School in High Wycombe, GlobalGivinB and Woodleigh Impact. Partnerships and service-level arrangements were also developed with government ministries and other development organisations. The strength of community ownership was particularly evident in Bumpehtoke, as described in the Stories of chonge section below. The Measham Family Christian Foundation Our work in Guinea-Bissau WellFound has worked in Guinea-Bissau since 2008 and has reached more than 125 communities across Oio, the Bijagos Islands, Cacheu, Gabu and Bafata. During 2025-26, the Guinea-Bi5sau programme delivered 4 new wells with 11 water points, together with the renovation of two existing we115. These works provided improved water access for 1,935 people. The programme also delivered.. 38 sanitation facilities; 40 handwashing stations. 18 hygiene-promotion activities- support to 15 market gardens,. 86 household garden5,' agriculture and business training,. climate-change workshops and tree planting- training for 32 young people in repair and maintenance,. community savings of 428,500 CFA francs for the upkeep of local facilities. Follow-up support was also provided to 22 communities reached in earlier years. Work during the year included projects funded by UNDP through the COASTAL programme and by SwissAid. The technically challenging project at Yemberem was a particular achievement and is described in the stories of ch(Jnge section below. In Burne 8alanta and Dame Wabe, communities contributed their own resources to extend water networks beyond the original scope of the project. Other previously supported communities used their savings to replace pumps and water tanks or upgrade systems to solar power. These examples demonstrate the prathcal value of WellFound's emphasis on savings, local management and lonE- term ownership. The year also saw progress in establishing a permanent operational base. A new office was completed, and a project vehicle was purchased to improve access to remote communities. Political instability, high costs, banking requirements and interruptions to communications continued to make delivery challenging. Funding from the Embassy of Japan for a further programme was confirmed during the year. Preparatory work began before the year end, with substantive implementstion continuing in 2026- 27. The Measham Family Christian Foundation Stories of change Statistics show the scale of WellFound's work, but they cannot fully convey what reliable water, improved sanitation, new skills and stronger community organisation mean in people's daily lives. The following stories illustrate both the immediate benefits of the work and the longer-term changes that communities are making for themselves. Clean w(Iter brings health and opportunity in Mothuokoi Before a borehole was installed in Mothuakoi, Sierra Leone, Rebecca Momoh walked long distances each day to collect water from a dirty pond. Her children were frequently ill, and her youngest daughter repeatedly suffered from diarrhoea. The family spent money it could scarcely afford on treatment, while illness caused the children to miss school. The new borehole changed daily life. Safe water is now available close to home, the children are healthier and Rebecca'5 youngest daughter attends school regularly. The reduction in time spent collecting water has also enabled Rebecca to undertake sewing work and add to the household income. pi% W..Lf(?u'. "Cleon water has brought better health, hope ond new opportunitie5 to myfamily ond the entire community. Our lives hove truly been transformed." Rebecca Momoh, Mothuokoi community The Measham Family Christian Foundation The road of hope in Bumpehtoke When a new well was planned for Bumpehtoke, Sierra Leone, the village faced a major obstacle= there was no suitable road by which the drilling team and its heavy equipment could reach the community. Rather than wait for outside assistance, residents came together voluntarily to construct new access roads and bridges. Their work enabled the drilling project to proceed and demonstrated the community's commitment to securing safe water. The benefits went beyond the well itself. The improved route made it easier for farmers to transport produce, for traders to reach the village and for residents to access markets and essential services. The project therefore created both safe water and infrastructure that should continue to support the communivs development. Ix The Measham Family Christian Foundation Finding water where others hadfoiled For many years, Yemberem in the Cantanhez region of Guinea-Bissau remained without reliable safe water. Several organisations had attempted to drill there, but unstable ground, collapsing boreholes, rock barriers and difficult groundwater conditions defeated each efft>rt. WellFound's lirst three drilling attempts were unsuccessful, but the team persisted and, on the fourth attempt, reached a productive aquifer at a depth of 31.4 metres. Success depended on more than technical persistence. Residents worked together to excavate a 3.4- kilometre trench for the water network. Local organisations, the COASTAL programme and the Cantanhez National Park team helped resolve practical and land-access difficulties, while community organisations now help manage and maintain the system. "More thanfrve comparjies came here to drill o borehole, but none succeeded. WellFound refused to give up. Your determination ond A. persistence brought us water. Thonk youfor not givirtg up on our community. Caraml)u. Yemberem io The Measham Family Christian Foundation A village continuing to grow WellFound previously worked with Anambe, Guinea-Bissau, through a partnership with Plan International, providing training in climate-smart farming, nvtrition and crop management. After WellFound's direct support ended, the community continued cultivating its gardens independently. Families now grow tomatoes, lettuce, onions, peppers, cabbage and okra, improving household diets and earning income from the sale of surplus produce. The benefits extend beyond individual households. The village supplies fresh vegetables to the nearby school, helping to provide more nutritious meals for children and reduce hunger during the school day. When we horvested tomotoes, lettuce arjd onions, we were proud to provide our children at school with fresh salods modefrom thefood we grew with our own honds. The knowledge WellFound shared with us will stay with us, ond we will continue to put it into practice. Ansaro Cande. Anumbe village li The Measham Family Christian Foundation Cross-cutting themes Sustainability and community ownership Sustainability remained central to the charity's approach. Each new programme includes community engagement, the establishment or strengthening of management committees, training in operation and maintenance, and arrangement5 for local savings. Communities are encouraged to contribute labour, locally available materials and, where possible, money. Evidence from previously supported villages in Guinea-Bissau showed communities independently replacing a solar pump, replacing a damaged storage tank and upgrading a handpump to a solar- powered water system. In Sierra Leone, communities established savings Eroups, developed village sustainability plans, trained local technicians and continued agricultural and health activities after the initial intervention. The trustees regard these outcomes as being as important as the number of wells installed. A water point that fails after a few years has limited value. The charity therefore invests in follow-up, training, community governance and maintenance arrangements intended to preserve the benefits for the long term. Women, livelihoods (7nd collective prosperity The charity continued to encourage the participation of women in community decision-making and economic activity. Women-led savings groups and market gardens enabled parhcipants to save, borrow, invest in small businesses and meet household costs such as food, healthcare and school fees. Collective Prosperity workshops encouraged men and women to share responsibility and take decisions together. Examples reported from Sierra Leone included men supporhng childcare, household and livelihood activities and accompanying their wives to antenatal appointments. In Guinea-Bissau, women held leadership roles in management committees, savings groups, health-promotion groups and agricultural activities. The approach is rooted in community discussion and seeks to strengthen inclusion and shared responsibility in ways that communities themselves consider appropriate. Climate change, nutrition and agriculture Communities in both countries are experiencing increasingly unpredictable rainfall, flooding, heat, pressure on water sources and10s5 of trees. WellFound incorporated climate awareness, tree planting, soil improvement, water management and climate-smart farming into its programmes. Market gardens and household gardens improved access to vegetables and generated income, while nutrition training helped families make better use of locally available food. The link between water, nutrition and livelihoods is becoming increasingly important to WellFound's work. Reliable water enables communities not only to drink safely but also to grow food, improve diets and earn income. This integrated approach is also increasingly aligned with the priorities of institutional funders. 12 The Measham Family Christian Foundation Partnerships and fundraising The charity continued to diversify its sources of support. Important programme partners during the year included Welthungerhilfe, SiLNoRF, Athon4Schools, SwissAid, UNDP/COASTAL, the Embassy of japan, TABANCA, the United States Embassy in Sierra Leone, the Waterloo Foundation, Woodleigh Impact, GlobalGiving, schools, churches and individual supporters. The 2025 Big Give Christmas Challenge raised approximately £14,CX)O. This continued a successful run of annual public fundraising campaigns and demonstrated the loyalty of the charity's supporters. The wider international funding environment became more difficult during the year. Reductions in United States aid affected many development organisations and reduced the funding available across the sector, even where WellFound was not itself a direct recipient. The trustees therefore continued to emphasise a diversified donor base and partnerships with organisations that share WellFound's commitment to working with whole communities on the basis of need. Twentieth anniversary WellFound marked its twentieth anniversary during 2025. The trustees are grateful to everyone who has contributed to the charity since its foundation in 2005, including staff, volunteers, donors, churches, partner organisations and the communities themselves. The twentieth anniversary provided an opportunity both to recognise the contribution of the charity's founder, Howard Measham, and to reflect on how the organisation has evolved from a small UK-led initiative into a network of locally delivered programmes supported by increasingly strong country organisations. UK support The UK operdtion remained small. The Chief Executive, supported by administrative, financial, communications and volunteer input, provided strategic leadership, fundraising, donor liaison, financial oversight and capacity building for the country teams. The trustees thank Dr Antony Kingsley for his leadership during a demanding year and thank Andrew Mustapha, Joao le and their country teams for their commitment and work in difficult conditions. The trustees also thank all volunteers, supporters, churches, schools and individual donors whose interest, prayer and financial sUPPOrt make the work possible. Organisation and governance Trustees and meetings The trustees serving during the year were.. David R Horncastle, Chair GillAShaw Hayden H Measham Francis P Henry 13 The Measham Family Christian Foundation The trustees held six formal meetings during the reporting year, together with additional discussions and oversight between meetings. The Board reviewed programmes, budgets, fundraising, risks, property matters, succession planning and governance arrangements. Parhcular attention was given to.. linancial control and compliance with donor requirements- governance of the locally registered country organisations,. the development of Ojuntu Aqua (see belowl,. the charitf s property portFolio,' trustee recruitment and succession- the proposed conversion of the UK charity to a Charitable Incorporated Organisation ICIOI. The trustees also began a search for two additional trustees to strengthen the charit(s range of experience and improve long-term resilience. CIO transition The trustees began the process of registering a new CIO with the intention that the charity's operations, assets and liabilities should ultimately transfer to the incorporated body. The proposed CIO will retain the formal name The Meosham Family Christian Found(ytion, while WellFound will continue as the working name. At 31 March 2026, the application remained under consideration by the Charity Commission. Djuntu Aqua Sierra Leone During the year, the trustees approved the establishment of a new separate Sierra Leonean company limited by guarantee, operating as a social enterprise, to provide drilling and related services. The enterprise is intended to own and operate drilling equipment, tender competitively for work from charities, development o￿anis8tions and other clients. and provide services on a commercial and professionally accountable basis. Any surplus generated will be reinvested in activities that further charitable purposes in Sierra Leone. There is a long-term intent to develop a similar structure in Guinea-Bi55au based on experience gained in Sierra Leone. Risk management The trustees review the principal risks facing the charity at each meeting. The principal areas considered during 2025-26 included.. safeguarding and working with vulnerable people,. health and safety in remote locations; political instability and weak infrastructure,. inflation, exchange-rate movements and rising fuel and material costs. compliance with increasingly detailed donor requirements,. financial control over restricted funds,. dependence on a relatively small number of key staff; property management,. governance and contractual risk involving delivery partners. 14 The Measham Family Christian Foundation During the year, trustees identified increasingly strict donor requirements and, in response, introduced stronger project-level budgeting, monthly supporting documentation and escalation of material budget changes. These measures are intended to comply with donor requirements while preserving effective proEramme delivery. Public benefit The trustees have complied with their duty under section 17 of the Charities Act 2011 to have regard to the Charity Commission's guidance on public benefit. The charity's work provides public benefit by relieving poverty and improving access to water, sanitation, health, nutrition, livelihoods and community resilience. Assistance is provided on the basis of need and without discrimination on grounds of religious belief, race or gender. Financial review Total income for the year was £541,579, compared with £432,091 in 2024-25. Total expenditure was £412,286, compared with £449,385 in the previous year, giving an excess of income over expenditure of £129,293. In addition. £767,000 was recognised in respect of additions and gains on investment as5et5, resulting in a net increase in funds of £896,293. Income comprised.. £342,748 from charitable activities, donations and legacies; £194,723 of investment income, arising principally from the charity's property portFolio; £4,108 of other income. The substantial increase in property income reflected strong performance from the charity's property portfolio and the lethnE of the former WellFound office at 309 Greenford Road. WellFound maintains a presence at 309 Greenford Road which is still the charity's registered business address. £212,164 of income was restricted to specific projects in Guinea-Bissau and Sierra Leone. Expenditure on charitable activities was £377,149. This included.. £143,929 relating to Guinea-Bissau,' £90,113 relating to Sierra Leone: £82,118 of staff costs; £48,989 of support costs- £12,000 of Eovernance costs,. Other expenditure was £35,137, including publicity and fundraising costs, property-management fees, repair5 and insurance. Since the charity was founded, UK staff costs, support costs, governance costs, fundraising costs and property management costs have been met from property and other unrestricted income. This continued during 2025-26. As a result, all donations and grants received for overseas charitable work were available in full to that work, without deduction for UK administration or fundraising. Total direct project expenditure in Guinea-Bissau and Sierra Leone was £234,042. By the terms of the contracts some individual projects required a contribution from WellFound's own funds to complement the grants made available by donors, and £113,807 was therefore transferred from 15 The Measham Family Christian Foundation unrestricted funds to support the relevant restricted programmes. Other restricted grants remained unspent at the year-end for specified future purposes. Restricted funds increased from £36,278 at the beginning of the year to £128,207 at 31 March 2026. The closing restricted balance comprises funds committed to future proEramme activity beyond the year end. Unrestricted funds increased from £182,504 to £944,868. Of this amount, £798,717 was held in designated funds, comprising £73,717 relating to Howard Measham's cash legacy and £725,0(X) representing the inherited property at 309 Greenford Road. Designated funds remain legally unrestricted, but the trustees have set them aside for strategic purposes. General unrestricted funds at the year-end were £146,151. The charity's investment properties were valued at £3,190,Cx)O at 31 March 2026, compared with £2,423,000 at the previous year end. The increase principally reflects the recognition of the inherited property at 309 Greenford Road at £725,000, together with a £42,000 revaluation of the existing property portfolio. Cash at bank and in hand increased from £138,555 to £292,354, principally because restricted grants, part of Howard Measham's legacy and income received in advance for 2026-27 were held at the year end. Reserve5 The trustees, reserves policy is intended to ensure that the charity can maintain essential UK operations, meet unexpected property costs, support continuity of programmes where appropriate and manage an orderly wind-down if that ever became necessary. The reserves policy will be reviewed and updated during 2026-27. At 31 March 2026, total unrestricted funds were £944,868. Of these, £798,717 were designated funds, including the inherited property at 309 Greenford Road, leaving £146,151 of general unrestricted funds. Cash held in the charity's UK bank accounts totalled £158,855. After deducting legally restricted funds held in the UK and £18,000 received in advance for work in 2026-27, unrestricted UK cash was £97,827. Of this amount, £41,450 formed part of the designated Howard's Legacy fund. This left £56,377 of UK cash available for general purposes after respethnE the trustees, desiEnation. In assessing the adequacy of reserves, the trustees have also considered the continuing income generated by the charity's property portfolio, the need to meet unexpected property expenditure and the importance of maintaining sufficient liquidity to support essential UK operation5 and programme continuity. The trustees consider the current level of reserves adequate pending completion of the policy review. Howard's legacy During the year, the charity recognised £l(X),543 representing part of the residuary cash legacy left by its founder, Howard Measham. In addition, the property at 309 Greenford Road inherited from Howard was recognised as an investment asset at a value of £725,000. Neither element is leEally restricted because the trustees retain discretion over its use. The trustees have nevertheless designated these assets as strategic, long-term resources and do not intend to use them to subsidise routine running costs. 16 The Measham Family Christian Foundation At 31 March 2026, the designated fund5 relating to Howard's legacy totalled £798,717, comprising £73,717 from the cash legacy already received and £725,000 represented by 309 Greenford Road. The trustees considered investment and deposit arrangements intended to preserve capital, Eenerate income and remain within appropriate Financial Services Compensation Scheme limits. Final decisions on the longer-term use of the remaininE leBacy will be made as the full amount becomes known. Property The charity's property Portfolio continued to provide the unrestricted income that SUPPOrts its UK administration and governance. During the year= ownership of 309 Greenford Road passed to the charity under Howard Measham's estate and the property was recognised in the accounts at £725,000. the former office at 309 Greenford Road was let on a ten-year commercial lease- a renewed lease was completed for the commercial property at 312-316 Ruislip Road East at an increased annual rent,. property-management arrangements were reviewed,. repairs and maintenance issues continued to be managed. The trustees regard the portFolio as a long-term charitable asset, while recognising that it also creates legal, maintenance, liquidity and management risks. Plans for 2026-27 The trustees intend to continue work in both Sierra Leone and Guinea-Bissau, with programme activity determined by confirmed funding. In Sierra Leone, the priority will be implementation of the new WHH/SiLNoRF programme, continued Action4Schools-supported water projects, development of market gardens and operation of the new Moyamba base. Djuntu Aqua Sierra Leone is expected to begin operations after delivery of the In Guinea-Bissau, the charity will continue implementation of the Embassy of Japan and SwissAid programmes, follow-up work in previously 5UPPOrted communities and continue the searth for new funding and partnerships. Big Give 2026 will be dedicated to work in Guinea-Bissau. Across all operations, priorities will include= maintaining financial discipline and donor compliance,. integrating water, nutrition, climate resilience and livelihoods- strengthening locally led governance,. improving monitoring and evaluation,. expanding and diversifying funding,. strengthening maintenance and sustainability arrangements,. continuing trustee recruitment,. completing the CIO transition when approved. 17 The Measham Family Christian Foundation Approved by the trustees of the charity on 15, August 2026 and signed on its behalf by: David Horncastle. B.Sc. M.Sc. (Chairl Trustee 18 The Measham Family Christian Foundation Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities 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 5tatement5, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonak)le and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 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 statement5 comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. 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. The trustees are responsible for the maintenance and integrity of the corporate and linancial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 15, August 2026 and signed on its behalf by= David Horncastle. B.Sc. M.Sc. (Chairl Trustee 19 The Measham Family Christian Foundation Independent Examiner's Report to the trustees of The Measham Family Christian Foundation I report to the trustees on my examination of the accounts of The Measham Family Christian Foundation for the year ended 31 March 2026. Responsibilities and basis of report As the charity trustees of The Measham Family Christian Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of The Measham Family Christian Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sectiorb 14515llbl of the Act. Independent examiner's statement Since The Measham Family Christian Foundation's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Tahas & Co Ltd., which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of The Measham Family Christian Foundation as required by section 130 of the Act,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Musta!a.IAu9. 1 2026 10.'24.'14 GMT+11 Mustafa Poonawala IFCCAI Tahas & Co Ltd. Suite 3, Second Floor, 760 Eastern Avenue, Newbury Park, Greater London IG2 7HU 1810812026 Date.. 20 |**ncome and Endowments from:**
**Note**
haritable activities
nvestment income
3
Other income
_otal income_
**xpenditure on:**
haritable activities
4
Other expenditure
5
_otal expenditure_
dditions/gains/losses on
nvestment assets
Net income/(expenditure)
Gross transfers between funds
Net movement in funds
**econciliation of funds**
otal funds brought forward
otal funds carried forward
16|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total 2026**
**Total 2025**
**£**
**£**
**£**
**£**
**£**
130,584
212,164
-
342,748
291,975
194,723
-
-
194,723
135,127
4,108
-
-
4,108
4,989| |---|---| ||329,415
212,164
-
541,579
432,091| ||(143,107)
(234,042)
-
(377,149)
(402,351)
(35,137)
-
-
(35,137)
(47,034)| ||(178,244)
(234,042)
-
(412,286)
(449,385)| ||725,000
-
42,000
767,000
-| ||876,171
(21,878)
42,000
896,293
(17,294)
(113,807)
113,807
-
-
-| ||762,364
91,929
42,000
896,293
(17,294)
182,504
36,278
2,378,470
2,597,252
2,614,546
944,868
128,207
2,420,470
3,493,545
2,597,252| 21 |**Note**
**Fixed assets**
Tangible assets
9
Investments
10
**Current assets**
Debtors
11
Cash at bank and in hand
12
**Creditors: Amounts falling due within one year**
13
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
14
**Net assets**
**Funds of the charity.**
**Endowment funds**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
16|**2026**
**2025**
**£**
**£**
26,761
5,259
3,190,000
2,423,000| |---|---| ||3,216,761
2,428,259| ||18,595
42,913
292,354
138,555| ||310,949
181,468
(24,165)
(2,475)| ||286,784
178,993
3,503,545
2,607,252
(10,000)
(10,000)| ||3,493,545
2,597,252| ||2,420,470
2,378,470
128,207
36,278
944,868
182,504
3,493,545
2,597,252| 22 The Measham Family Christian Foundation Notes to the Financial Statements for the Year Ended 31 March 2026 l. Accounting policies Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparation The Measham Family Christian Foundation meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless Otherwise stated in the relevant notelsl to these accounts. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Donations and legacies Donations and legacies comprise voluntary amounts received or receivable from individuals, O￿anISatiOnS and other supporters. Income is recoEnised when the charity has entitlement to the funds, receipt is probable, and the amount can be measured reliably. Donations subject to specific donor restrictions are accounted for as restricted funds. Unrestricted donations are available for use in furtherance of the charity's general ok)jectives. Grants receivoble Grants receivable are recognised when the charity has entitlement to the grant, any conditions attached to the grant have been met, receipt is probable, and the amount can be measured reliably. Grants received for a specific purpose are credited to restricted funds and applied in accordance with the relevant grant conditions. Grants without specific restrictions are treated as unrestricted income. Investment income Investment income comprises interest and other returns arising from the charity's cash deposits and investments. Income is recognised when receivable and when the amount can be measured reliably. Charitable activities 23 |**Asset class**|**Depreciation method and rate**| |---|---| |Furniture and equipment|20% on a straight line basis| |Other tangible fixed assets|20% on a straight line basis| 24 The Measham Family Christian Foundation Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recoBnised in prolit or loss. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision ft)r the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligation5 to pay Suppliers for goods or services acquired by the charity in the ordinary course of its activities. Trade creditors are classified as current liabilities unless the charity has an unconditional right, at the reporting date, to defer settlement for at least 12 months. Where such a right exists, they a presented as non-current liabilities. Trade creditors are initially recognised at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearinE borrowings are initially recorded at fair value, net of transaction tosts. Interest- bearing borrowings are subsequently carried at amorhsed cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure 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. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. 25 The Measham Family Christian Foundation 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 linancial statements. Permanent endowment funds are where the donor has specilied that the income, but not the capital, may be used for charitable purposes. Pensions and other p05t-retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. 26 |Other donations and legacies
Events (including associated donations)|**Unrestricted funds**
**Restricted**
**funds**
**Total 2026**
**Total 2025**
**Designated**
**General**
**£**
**£**
**£**
**£**
**£**
100,543
30,041
212,164
342,748
289,353
-
-
-
-
2,622
100,543
30,041
212,164
342,748
291,975| |---|---| |From owned properties
From leased properties (309 A/B Greenford Road)|**Unrestricted funds**
**Total**
**Total**
**General**
**2026**
**2025**
**£**
**£**
**£**
194,723
194,723
128,377
-
-
6,750
194,723
194,723
135,127| |---|---| |**Note**
WellFound charitable project -
Guinea-Bissau
WellFound charitable project -
Sierra Leone
Staff costs
8
Allocated support costs
6
Governance costs
6|**Unrestricted**
**Restricted**
**Total**
**Total**
**funds**
**funds**
**2026**
**2025**
**General**
**£**
**£**
**£**
**£**
-
143,929
143,929
219,717
-
90,113
90,113
69,339
82,118
-
82,118
76,964
48,989
-
48,989
26,554
12,000
-
12,000
9,777
143,107
234,042
377,149
402,351| |---|---| 27 |**Note**
Publicity and fundraising
Property management fees
Property repairs and renewals
Property insurance|**Unrestricted**
**funds**
**Total**
**Total**
**General**
**2026**
**2025**
**£**
**£**
**£**
15,221
15,221
18,925
11,106
11,106
14,270
6,155
6,155
9,682
2,655
2,655
4,157
35,137
35,137
47,034| |---|---| ## **Charitable activities expenditure** |Utilities
General rates
Office expenses
Travel and subsistence
Bank charges
Medical assistance
Exchange gain or loss
Trade subscriptions
Legal fees
Depreciation|**Unrestricted**
**funds**
**Total**
**Total**
**General**
**2026**
**2025**
**£**
**£**
**£**
6,012
6,012
1,820
230
230
191
6,434
6,434
7,821
5,765
5,765
8,918
330
330
379
4,907
4,907
0
5,421
5,421
(5,874)
850
850
1,342
16,801
16,801
10,642
2,239
2,239
1,315| |---|---| ||48,989
48,989
26,554| ## **Governance costs** |Independent examiner's fee
Accountancy fees|**Unrestricted**
**funds**
**Total**
**Total**
**General**
**2026**
**2025**
**£**
**£**
**£**
2,640
2,640
-
9,360
9,360
9,777
12,000
12,000
9,777| |---|---| 28 |**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs
Other employee benefits|**2026**
**2025**
**£**
**£**
70,822
64,381
-
2,605
6,645
5,777
4,651
4,201
82,118
76,964| |---|---| |||2026|2025| |---|---|---|---| |£60,001|- £70,000|nil|1| |£70,001|- £80,000|1|nil| |**Cost**
At 1 April 2025
Additions
At 31 March 2026
**Depreciation**
At 1 April 2025
Charge for the year
At 31 March 2026
**Net book value**
At 31 March 2026
At 31 March 2025|**Furniture and**
**equipment**
**Other tangible**
**fixed asset**
**Total**
**£**
**£**
**£**
117,266
9,105
126,371
23,740
-
23,740| |---|---| ||141,006
9,105
150,111| ||112,328
8,784
121,112
2,174
64
2,238| ||114,502
8,848
123,350| ||| ||26,504
257
26,761| ||4,938
321
5,259| 29 |nvestment properties
**nvestment properties**
ost or valuation
t 1 April 2025
evaluation
ddition
t 31 March 2026
rovision
et book value
t 31 March 2026
t 31 March 2025|**2026**
**2025**
**£**
**£**
3,190,000
2,423,000
**Main property**
**portfolio**
**309 Greenford**
**Road**
**Total**
**£**
**£**
**£**
2,423,000
-
2,423,000
42,000
-
42,000
-
725,000
725,000
2,465,000
725,000
3,190,000
2,465,000
725,000
3,190,000
2,423,000
-
2,423,000| |---|---| |rade debtors
repayments
ther debtors|**2026**
**2025**
**£**
**£**
5,490
34,783
12,345
7,368
760
762
18,595
42,913| |---|---| 30 |Cash on hand
Cash at bank|**2026**
**2025**
**£**
**£**
-
126
292,354
138,429
292,354
138,555| |---|---| |Trade creditors
Other taxation and social security
Deferred income
Other creditors|**2026**
**2025**
**£**
**£**
3,352
109
1,483
1,905
18,000
-
1,330
461
24,165
2,475| |---|---| |Other loans|**2026**
**2025**
**£**
**£**
10,000
10,000| |---|---| 31 |**Unrestricted funds**
**_General_**
Investment income
Individual donations
Online donations
Religious
Corporates
Interest
Gift Aid
Other income
Expenses
Transfer from restricted fund
Transfer from designated fund
Opening balance
**_Designated_**
Howard legacy
Howard legacy - 309 Greenford Road
**Total unrestricted funds**
**Restricted funds**
Autonomous Research Trust - Guinea-Bissau
Embassy of Japan
Transport
Action4Schools
US Embassy Freetown
UNDP - Guinea-Bissau
SwissAid
Peter Stebbing
The Dauncey Family
Wyn and Ken Lo
Welthungerhilfe
Transfer from unrestricted fund
**Total restricted funds**
**Endowment funds**
**_Permanent_**
Endowment funds
**Total Funds**|**Balance at 1**
**April 2025**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at 31**
**March 2026**
**£**
**£**
**£**
**£**
135,127
194,723
-
329,850
33,733
8,998
-
42,731
-
18,543
-
18,543
-
2,000
-
2,000
31,033
500
-
31,533
3,035
1,239
-
4,274
-
1,466
-
1,466
1,954
1,402
-
3,356
(203,872)
-
(175,157)
(379,029)
-
-
(113,807)
(113,807)
-
23,740
-
23,740
181,494
-
-
181,494| |---|---| ||182,504
252,611
(288,964)
146,151| ||-
100,543
(26,826)
73,717
-
725,000
-
725,000| ||-
825,543
(26,826)
798,717| ||182,504
1,078,154
(315,790)
944,868| ||29,457
-
-
29,457
-
56,176
(16,464)
39,712
6,821
-
-
6,821
-
15,000
(15,000)
-
-
1,178
(1,178)
-
-
8,877
(8,877)
-
-
38,790
(38,790)
-
-
5,000
-
5,000
-
1,750
-
1,750
-
10,000
(5,888)
4,112
-
75,393
(34,038)
41,355
-
113,807
(113,807)
-| ||36,278
325,971
(234,042)
128,207| ||| ||2,378,470
42,000
-
2,420,470
2,597,252
1,446,125
(549,832)
3,493,545| 32 |**Unrestricted funds**
**_General_**
Investment income
Individual donations
Corporates
Interest
Other income
Expenses
Opening balance
**Restricted funds**
Autonomous Research Trust - Guinea-Bissau
Embassy of Japan
Transport
Action4Schools
US Embassy Freetown
Tabanka NGO
Waterloo Foundation
Plan International - Guinea Bissau
Plan International - Guinea Bissau
UNDP - Guinea-Bissau
SwissAid
**Total restricted funds**
**Endowment funds**
**_Permanent_**
Endowment funds
**Total Funds**|**Balance at 1**
**April 2024**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at 31**
**March 2025**
**£**
**£**
**£**
**£**
-
135,127
-
135,127
-
33,733
-
33,733
-
31,033
-
31,033
-
3,035
-
3,035
-
1,954
-
1,954
-
-
(203,872)
(203,872)
181,494
-
-
181,494| |---|---| ||181,494
204,882
(203,872)
182,504| ||42,102
-
(12,645)
29,457
909
-
(909)
-
6,821
-
-
6,821
-
25,000
(25,000)
-
-
1,875
(1,875)
-
10,095
(10,095)
-
4,750
-
(4,750)
-
-
111,181
(111,181)
-
-
45,502
(45,502)
-
-
26,582
(26,582)
-
-
6,974
(6,974)
-| ||54,582
227,209
(245,513)
36,278| ||| ||2,378,470
-
-
2,378,470
2,614,546
432,091
(449,385)
2,597,252| 33 |Tangible fixed assets
Current assets
Total net assets
Tangible fixed assets
Current assets
Total net assets|**Unrestricted**
**funds general**
**Restricted funds**
**Endowment**
**funds**
**permanent**
**Total funds at**
**31 Mar 2026**
**£**
**£**
**£**
**£**
773,738
22,553
2,420,470
3,216,761
171,130
105,654
-
276,784| |---|---| ||944,868
128,207
2,420,470
3,493,545| ||**Unrestricted**
**funds general**
**Restricted funds**
**Endowment**
**funds**
**permanent**
**Total funds at**
**31 Mar 2025**
**£**
**£**
**£**
**£**
49,789
-
2,378,470
2,428,259
132,715
36,278
-
168,993
182,504
36,278
2,378,470
2,597,252| 34