THE JAMES FREDERICK AND ETHEL ANNE MEASURES CHARir
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
for the year ended S April 2024
Registered Charty number. 266054

THE JAMES FREDERICK AND ETHEL ANNE MEASURES CHARITY
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
CONTENTS
Pages
Administratwe information
Trustees, report including statement of Trustees, ￿SpOnsibl11t1e$
Independent examiners. report
statement of financial activities
(including summary of income & expendrture account)
Balance sheet
Noles lo the financial statements
8-12

THE JAMES FREDERICK AND ETHEL ANNE MEASURES CHARITY
ADMINISTRATIVE INFORMATION
Trustees..
R Brook
MPG￿en
D A Se¢combe
S M TLsrner
R S Watklns
Bankers..
Lloyd$ Bank PIC
Caxton Gate
3 Corporation Street
Birmingham
B2 4LP
Accountants-.
Malcolm Plper & Company Limited
Kingsnorth House
Blenheim Way
Bimiingham
B44 8LS
Investment managers..
EFG Harris Allday
5th Floor
103 Colmore Row
Birmingham
B3 3AG
Registered Charity number..
266054
Enquiries
Unit 5-6
Weekin Works
112- 116 Park Hill Road
Harborne
Bimiingham
B17 9HD
Page 1

THE JAMES FREDERICK AND ETHEL ANNE MEASURES CHARITY
TRUSTEES, REPORT
The Trustees present their report and the unaudited financial stalernents forthe year ended 5 April 2024.
The Trustees have adopted the provisions of the Slaternent of Recommended Practice ISORPI
Accounting and Reporting by Charities. IFRS 1021 in preparing the annual report and financial
statements of the Charty.
NATURE OF THE GOVERNING INSTRUMENT
The Trust Fund is registered as a Charity (registered ChaTity number 266054} and was established
under a deed of trust dated 18 April 1973.
TRUSTEES
The Trustees who held office during the year were as folbws..
R Brook
M P Green
D A Seccornbe
S M Turner
R S Watkins
IAppointed 18 October 20231
As the Charity becomes aware of individuals with an interest in the Charity's activities, or where il is
perceived that a new Trustee can complement the skills held by current Trustees, and a new Trustee
is required, they put in place a plan lo appoint and train them.
PRINCIPAL ACTIVITY
The object of the Trust is to appty the income of the Charity in providing payments of grants and
donations lor charitable purposes lo charitable institub'ons, not for profit organisations and charitable
foundations based in the United Kingdom.
PUBLIC BENEFIT
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's
general guidance on public benefit when reviewing the Charity's aims and objectives and in planning
future activities and setting the grant making policy for the year.
ACHIEVEMENTS AND PERFORMANCE
During the year, the charity made donations to charitable institutions, not for profil org8nisalions and
charitable foundations amounting to £104,00012023'. £86.9011. The Trustees are proud that they have
been able to assist 45 different organisab'ons with grants during the current year. The average grant
provided was £1,500.
FINANCIAL REVIEW
The results for the year and financial position of the Charity are shown in the Stslement of Financial
Activities on page 6 and Bal8n¢e Sheet on page 7.
The gross income of the Charity for the year ended 5 Apnl 2024 amounted lo £86,635 (2023- £82,114).
Direct Charitable expenditure in the fomi of donations. grants and other benefits paid totalled £104,000
12023.. £86,901) and adminislralive and management expenses tolalled £20,07512023.' £19,893). This
resulted In net expenditure before gains and losses on investments of £37,44012023'. £24,680). After
gains on investments of £57,912 {2023'. losses of £181,500) and a profiUlloss} on disposal of
investments of £1,880 12023.. £nill. the resulting surplus for the year was £21.632 {2023.' deficit
£206,180) which was added to12023.' deducted from) reserves available for future distribution.
Page 2

THE JAMES FREDERICK AND ￿HEL ANNE MEASURES CHARITY
TRUSTEES, REPORT {CONTINUED)
INVESTMENTS
The Trustees have discretion over the investment of the Fund. Investments are held specifically for the
purpose of generating income and capital growth so that the Charity can maintain the present value of
the fvnds, finance annual donations and meet other expenditure, in the furtheiance of its charitable
objectives.
The Trustees delegate the day-to-day monitoring and management of investments through the
appointment of an investment manager, EFG Harris Allday. The Trustees delegate the implemenlalion
of an investment strategy lo their investment managers and monitor investment returns achieved on
those investments against the agreed strategy.
The Trustees are aware of the continued economic uncertainty both in the UK. Europe and WorldwKIe.
The UK slipped into recession during the second half of 2023 and although this did not result in
significant unemployment. it demonstrated the weakness of the economy. Continued high inflation
during 2023. was particularly acute in the UK and resulted in the continued higher than expected interest
rates as the Treasury looked to reduce inflation back lo its 20h target.
The stock market finished the year stronger than had been anticipated and this has resulted in a degree
of recovery from the fall in value of the investment portfolio experienced in the prior year. During the
year under review, the investment portrolio saw unrealised gains on investments due lo these market
forces tolalling £57,192 (2023.. losses lotalling £181,500).
RESERVES POLICY
In the opinion of the Trustees the Charity's assets are available and sufficient to fulfil the oblvJations of
the Charity The level of reserves held is sufficient to enable the Charity to operate at its current level
for the foreseeable future.
PLANS FOR FUTURE PERIODS
The Trustees intend lo continue with the provision of donations, grants and other benefits_ They intend
to review these on an annual basis and re-consider the returns achieved from investments.
The key uncertainty facing the Charity is the impact ofthe economic uncertainty on interest and dividend
income. The Trustees have undertaken a review of finances, which are monrtored and projected daity,
and we have Concluded that the impact on our Current and future performance is manageable.
Page 3

THE JAMES FREDERICK AND ETHEL ANNE MEASURES CHARITY
TRUSTEES, REPORT (CONTINUED)
TRUSTEES, RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees, Report and finaneial statements in accordan
with applicable law and United Kingdom accounb'ng standards (United Kingdom Generally Actspted
Accounting Practice).
The law applicable lo Charities in England and Wales law requires the Trustees to prepare financral
slalements for each financial year which give a true and fair view of the stale of affairs of the Charty
and of the incorning resources and application of the resources of the Charity for that year. In preparing
these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consislenlty.,
obSe￿e the methods and princ¢ples in the Charities SORP IFRS 1021
make judgements and estimates that are reasonabfe and prudent..
act in accordance with the rules of the Charity. the Charity Commission and the Trust Deed.,
state whether applicable accounting standards have been followed. subject lo any material
departures discussed and explained in the financial statements.,
prepare financial statements on the going cor￿rn basis unless it is inappropriate to presume
that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy al any time the financial position of the Charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008
and the provisions of the Trust Deed. They a￿ also responsible for safeguarding the assets of the Charty
and hence for taking ￿8$Onab￿ steps for the prevention and detection of fraud and other irregularities.
STATEMENT OF DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINER
We, the Trustees ofthe Charity who hetd office al the date of approval ofthese finanaal stslements. as set
out above, each confirm so frar as we are awa￿, that..
there is no Televanl information of wh￿h the Chanty's Independent Examiner is unaware.. and
we have taken all the steps that we ought lo have taken as Trustees in order to make ourselves
aware of any relevant infomiatK)n and to establish that the Charity's Independent Examiner is
aware of that information.
Approved by the Trustees on 16 October 2024 and signed on its behalf by..
Q.£.
R S Watklns
Trustee
Page 4

REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF
THE JAMES FREDERICK AND ETHEL ANNE MEASURES CHARITY
INDEPENDENTEXAMINER'S REPORTTOTHE TRUSTEES OF THEJAMES FREDERICKAND
ETHEL ANNE MEASURES CHARITY.
I report to the Charlty Trustees on my examination of the accounts of the Charity for the year ended
5 April 2024. wh￿h are sel out on pages 6 10 12.
RESPONSIBILITIES AND BASIS OF THE REPORT
As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the Acl'l.
I report in respect of my examination of the Charity's accounts carried out under sect¢on 145 of the Act
and in carrying out my examination I have folbwed all the applicable Directions given by the Charty
Commission under section 145151{b} of the Act
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause lo believe that in any material respect..
a¢￿Unty'￿g records were not kept in respect of the Charity as required by section 130 of the Act,.
or
12)
the accounts do not accord with these records; or
13)
the accounts do not comply with the applicable requiren*nts concerning the form and content
of accounts set out in the Charities IA¢counts 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 examinalion.
I have no concerns and have come a¢ross no matters in connecb'on with the examination to which
attention should be drawn in this report in order to enable a proper understsnding of the a¢¢ounts to be
reached.
Peter Whftehead FCA
Malcolm Piper & Company Llmlted
Chartered Accountants
Klngsnorth Houso
Blenheim Way
Birmingham
B44 8LS
Date: 16 October 2024
Page S

THE JAMES FREDERICK AND ETHEL ANNE MEASURES CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
{Including summary of income and expenditure account)
AS AT 5 APRIL 2024
Unrestricted Restricted
fund
fund
2024 Unrestrlcted Restrlcted
Total
fund
fund
2023
Total
Income
Investments
Dividends and income from
investments
other interest received
54.612
214
31.768
41
86,380
2S5
51,848
30,266
82,114
Total Income
54.826
31,809
86,635
51,848
30,266
82,114
Expondlturo on:
Charitsble activities
Donations. grants and other
benefits paid
174,000)
130,CwJO} (104,0001 158,901}
128,000) {86,9011
Other
Support costs (note 51
Governance costs (note 61
(12,3391
12,4001
{5,336) {17.675} 113,365}
{2.4001
12,400}
14,128) {17.493}
12.4001
Totsl expendlture
88,739
35,336
124.075
74,666
32,128
106,794
Net lexpendlture) before
galns and losses
133,9131
13.527)
137,440) 122,8181
11,8621 124,680)
Net gains l {Yossesl on
investments
57,770
1578)
57.192 1107,3881
{74,1121 {181,5001
Profit and loss on disposal of
investments
1201
1,900
1,880
Net surpluslldeficit) and
Net movement in funds
23,837
12,2051
21,632 1130,2061
175,9741 1206,1801
Total funds brought forward
at 6 April 2023
1.517,866
739,202
2,257,068 1,648,072
815,176 2,463,248
Total funds carried forward
at 5 April 2024
1,541,703
736,997
2.278,700 1,517.866
739.202 2,257,068
All gains and losses recognised in the year are included above.
These unaudited financial statements have tr￿n sufy'ect to lrtdependent Examination. See rewrt on page 5.
The notes on pages 8 to 12 form part of the finar￿la1 statsn*nts.
Page 6

THE JAMES FREDERICK AND ETHEL ANNE MEASURES TRUST
BALANCE SHEET
AS AT S APRIL 2024
2024
2023
Note
FIXED ASSETS
Investments
Listed investments
Note 8
2,233.001
2,130,011
CURRENT ASSETS
Cash and bank account
Current account
48,099
129,457
CURRENT LIABILITIES:
Other eredilor$
Note 9
12,400)
12,4001
NET CURRENT ASSETS
45.699
127,057
NET ASSETS
2,278.700
2.257,068
CHARITY FUNDS
Note 10
Unrestricted funds
1,541,703
1,517,866
Restricted funds
736.997
739,202
TOTAL CHARITY FUNDS
2,278.700
2,257,068
These financial statements We￿ approved and authorised for issue by the Board on 16 OCto￿r 2024.
Signed on ￿half of the board of Trustees".
e. t,LNJ-IL,
R S Watklns - Tru8ts8
Seccombe- Trustee
These unaudited financial staternents have been subject lo independent examination. See report on page 5.
The notes on pages 8 to 12 form part of the financral statements.
Page 7

THE JAMES FREDERICK AND ETHEL ANNE MEASURES CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
1 ACCOUNTING POLICIES
Charity status
The charity is a constituted under a Trust Deed in the United Kingdom and regISte￿d with the
Charity Commission in England. The address of the Pfin¢ipal office is given in the Charity
Information on page 1 of these financial statements. The nature of the Charty's operation and
principal activities are given on page 2.
b. Basis of accountlng
The financial statements have been prepared in accordance with the Statement of
Recommended Practice {SORPI, 'A¢¢ounting and Reporting by Charities. as applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard 102
IFRS 102} applicable in the United ￿'ngdoM and Republic of Ireland and the Charities A¢t2011.
The financial statements are prepared on a going COn￿M basis under the hislorical cost
convention. modified lo include investments and investment properties al market value.
The Trust, as a small charity, is exempt from the requirements to prepare a Statement of Cash
flows.
The presentation currency of the financial statements is the pound sterling (£1.
The significant accounting policies applied in the preparation of these financial statements are
sel out below. These policies have been consistenuy applied lo all years presented unless
otherwise slated.
e. Fund accounting
Unrestricted funds which are available ft)r use at the discrets.on of the Trustees in furtherance
of the general objective of the Charity and which have not been designed for other purposes.
Restricted funds represent specific assets and funds which are held for specific grant making
purposes and thus needs to be kept separate from other investments and funds which can be
applied to a wider criteria of needs. Income arising from reslricled investments can be used in
accordance with the strict objectives of those restricted funds and cannot be mixed with
unrestricted income. Any capital gains or losses arising on the investments form part of the
fund. Investment management charges and legal advice relating to the funds are charged
against the fund.
d. Incomg rgcognition
All income is included in the SOFA when the Charity is legally entitled lo the income after any
Performan￿ conditions have been met., the amount can be quantified with reasonable
accuracy,. and tt is probable that the income will be received.
Investment inco￿￿ is eamed through holding assets for investment purposes such as shares
and investment fvnds. It includes div¢dends and interest and is all allocated to Funds in
accordance with the Trust Deed.
Page 8

THE JAMES FREDERICK AND ETHEL ANNE MEASURES TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 5 APRIL 2024
1 ACCOUNTING POLICIES {Continued)
e. Expendlture recognition
All expenditure is a¢¢ounted for on an accruals basis and has been classified under headings
that aggregate all c0515 related lo the category. Where costs cannot be directly attributed to
particular headings, they have been allocated lo aclivib.es on a basis consistent with use of the
resources. Expenditure is recognised where there is a legal or constructive obligation lo make
payments lo third parties, it Is probable that settlement will be required and the amount of the
obligation can be measured reliably. It is categorised under the following headings..
Expenditure on Charitab￿ activities includes donations, grants and beneffts pald.,
Investment management costs relate to costs of professional investment managers and
Other expenditure represents those items not falling into the above categories.
f. Investments
Investments are slated al market value at the balance sheet date. The SOFA includes the nel
gains and losses arising on revaluations and disposals throughout the year.
g. Debtors and creditors Tecelvable I payable wlthin one year
Debtors and creditors wth no slated interest rale and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in exFendilure.
h. Tax
The Chafity is exempt from taxation under section 506{11 of the Taxes Act 1988 on the basis
that the fund is recognised as a Charty by the Inland Revenue according to the tems of the
Trust Deed dated 18 April 1973.
2 TRUSTEES. REMUNERATION
No remuneration has been paid or is payable to the Trustees either directty or indirectly in the
current or prior year.
There were no trustees, expenses paid for in the year ended 5 April 2024 nor for the year ended
5 April 2023.
The Charity maintain$ Trustees, Indemnity Insurance for the Trustees which is included in
Support and Administration Costs and amounted to £40012023.. £4001.
3 INVESTMENT INCOME
2024
2023
Dividend and Interest Incorr
86,635
82,114
Included in investment income is £31,80912023.' £30,266) which is reslricled income.
Page 9

THE JAMES FREDERICK AND ETHEL ANNE MEASURES CHARITY
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 5 APRIL 2024
4 DONATIONS
The charity made 45 donab'on$ totalling £104,000 during the year12023.. £86,901). Unrestricted
donations totalled £74,00012023 £58,901) and restricted donations amounted to £30,000 12023..
£28,000).
Donations rnade in excess of £5,000 during the year are detailed below..
Unrestricted
Restricted
Snitterfield Village Hall
Coventry University
20,000
15,000
SUPPORT COSTS
2024
2024
2024
2023
2023
2023
Unrestrlcted
Restrlcted
Tolal Unrn8trlct8d
Restrlcted
Total
Support and
administration
expenses
2,809
936
3,745
3,340
1,113
4.453
Investment
management costs
9,530
4,400 13,930
10.025
3,015
13,040
12,339
5,336 17,675
13.365
4,128
17,493
6 GOVERNANCE COSTS
2024
2024
2024
2023
2023
2023
R*stslct¢d
Totsl
Unrnstrieted
Restricted
Total
Independent
examiners fee
2,400
2,400
2,400
2,400
7 EMPLOYEES
There were no fvll or part time employees during the year {2023'. Nill.
Page 10

THE JAMES FREDERICK AND ETHEL ANNE MEASURES TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 5 APRIL 2024
8 INVESTMENTS
Market
value
blfvid
06.04.23 Additions
Market
value
clfvid
05.04.24
Change in
market
value
Disposals
Listed Inveslrnents
2,130.011
93.116
147,3181
57.192
2,233,001
Total Funds
2,130.011
93.116
147,3181
57.192
2,233,001
All investments held are listed Investments.
The fair value of listed investments is detemined by reference to the quoted price for identical assets
in an active market at the balance sheet date.
9 CREDITORS: AMOUNTS FALLING DUE WITHIN 1 YEAR
2024
2023
Other Creditors
2,400
2,400
10 STATEMENT OF FUNDS
At
8 April
2023
Net gain I
{lossl on
Expenditurg Investments
At
5 April
2024
Income
Unrestricted fund
1,517,866
54,826
188,7391
57,750
1.541,703
Restricted fund
739.202
31,809
135,3361
1.322
736,997
Total funds
2,257.068
86.635
1124,0751
59,072
2,278,700
Details of the natu￿ of funds are given in note 1c.
The restricted funds comprise entirety funds transferr8d in during the previous financial year
relating lo the Howard Wagstaff Memorial Trust now held in a separate restricted account
called the Howard Wagstaff Fund. These funds continue lo be applied for the same purposes
and causes as had previously been the case for that charity and in accordance with a letter of
wishes from the Trustees of that Trust confirming the obiects'ves of the settlors of that Trust.
Page 11

THE JAMES FREDERICK AND ETHEL ANNE MEASURES CHARITY
NOTES TO THE FINANCIAL STATEMENTS (Gontinued
FOR THE YEAR ENDED S APRIL 2024
11 BALANCE SHEET RECONCILIATION OF FUNDS
Unrestrlcted Re6tr1cted
Total
Investments
1.509,383
723.618
2,233,001
Cash and bank account
34,721
13,378
48,099
Other Creditors
12,400)
{2,400}
Net Assets
1,541,704
736.996
2,278,700
Page 12