## **JAMES WILLIAMS TRUST** ## **Trustees’ Annual Report & Accounting Statement For the year ended 30 September 2020** The trust was established by Deed of Trust dated 30 July 1990. It is registered with the Charity Commissioners as Charity No. 1000451 ## **OFFICERS AND ADVISORS** The Trustees during the year were: - S J Burt Treasurer K Bounds Chairman G M Curtis Secretary W J Capper R Young A McGhee Exisiting trustees are responsible for the nomination and appointment of future trustees. The correspondance address is: - 20 Fields Park Road Newport NP20 5BA Bankers: HSBC plc 1 Bridge Street Newport Solicitors: Everett, Tomlin, Lloyd & Pratt 28 Stow Hill Newport Investment Managers: CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ. Independent Examiner Mrs F Reynolds 1 Independent examinerfs report on the accounts S•dlon A Indep•ndént Ex•mlntV¥ R•p￿t R•port to th• tru•t•4*1 mèmbern of TA M 65 On ac￿￿nts foi lh• y••r Charlty r (Il• Iooc +51 S•t out On p• I report to the trus￿&$ on ￿ exarnination of IhÉ *ThxMJn¢s ol lh& atTht rharity ('Ihè Tru5t"I for thé yBar ended 3 C Qq IC.Z Rèsponsibiliti￿ and basls As Ihp Iwstègs. you are Tesponsltlè IN the preParat￿Th of the of r•port at¢a)unts in acci>fdanc• wlih the reqUi￿rn￿nts ol Ihe Charilies Ad 20111lhe Arf'7. I iepryl in resP8cI ol my exNrninatiDn of Ihè Trusl'$ accounts earne￿ Dut under seclKJn 145 of thg 2C11 Act and in carryin9 Out my elemmat￿n, I have followed all th• ap￿1¢*ble D1￿C￿.￿S giv8n by the Ctwity Commiss￿n under section 145(5Xbl ol tr* Act. thaiills gm5S inc￿￿e0¢￿e0 £250.IKKI ahd l am qualified to &l&K￿￿n(jort&kO the exuminatT'On by being 8 q￿81￿ Of [In88rt pamtr of aPF4￿ab1e li8leO bo¢JyD. D61918 I l rfncJé a￿lCa1)re. I ha￿ rx)mpleled my oxaminalion. I coifirm thai no material Matt0￿ litiive lo rny attcnb'on in ￿Tr￿e¢ll0￿ ￿1th th6 èxarninabon W1)*Lts￿" SE196￿. which 9rve3 me cause to bo1ie¥e Ihat in. any iiialerial rospect." the occoufflJn9 rèmrdg weft not kèpt kn aco)rdanc8 seck)n 130 of the Charltics Act,. or the a￿o￿nIg did nDt accord ￿th th• wJuntin9 f￿￿￿￿$.. ur the accounts dKI not (y)mPty wth the appltcable raouwr￿Tht3 concerning the form &nd conlent of?￿ounts set Oul 111 Ilie Chanties (Acmjnls and Reportyl Regulailorns 2(X)B olher wily twuiremant that thè accouni4 9Ne a 'iruL7 and 18lr' view which 1$ not 8 matter Cons¥J9￿1 as part of an indopénd8nl 9￿mINatiOn. 1 tr4ve no concwns Jnd have cornn a¢fD55 no olher maiter5 'n connectkn) ￿￿th the oxaminaiion to whith attoniioh th)Lld be drawn in th15 report in order lo wabla 8 Proper Undo￿tan111r￿3 of Ihe acwntÈ to b¢ reached. ' Please d61gt8 lh9 Words in the brnck(Jts If Ihey do notappfy. Nam•'. Rvlovant wol•sslon•l qu•liflc•tlorrf8) ar body {if i£+É IER Oct 2010 **TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## The trust is established with the purpose of advancing the Christian faith in any part of the world. 1. The trustees have continued to maintain their policy of making mainly regular grants to individuals or charities in furtherance of the objective. Additional grants are given as investment returns allow. 2. The Trust Fund is not a permanent endowment in that either capital or income may be applied by the trustees to the objective. - As such there is no obligation to maintain a reserve balance or to manage the fund in such a way as to ensure its continuing operation. 3. The trustees seek a level of income distributions protected for inflation, together with some growth in funds enabling grants to be made to capital projects from time to time. The trustees choose to avoid investments concentrated on armaments, betting and gaming. 4. The market value of the Trust (Cash & Investments) increased by 2.1% (net of donations) during the year. The estimated gross yield on the portfolio was £38,823 (2019: £40,727). 5. The investment with CCLA Investment Management Ltd is on a unit basis and is split between Ethical Investment, Property and Fixed Interest Funds along with cash on deposit at the discretion of the Trustees. This approach is designed to ensure that day to day investment decisions are free of any trustee interference or bias. I declare, in my capacity as charity trustee, that: - The trustees have approved the report above; and - Have authorised me to sign it on their behalf. Signature: Full Name: Stephen Burt Position: Treasurer Date: 3 ## **JAMES WILLIAMS TRUST** |**Statement of Financial Activities for the year ended 30 September**|**Statement of Financial Activities for the year ended 30 September**|**Statement of Financial Activities for the year ended 30 September**||| |---|---|---|---|---| |||**2020**||**2019**| |Incoming Resources||||| |Donations||**2,074**||**-**| |Investment Income||||| ||Distributions from funds|**40,100**||**40,351**| |Net|Bank Interest (Gross) / (Charges)|**3**||**2**| |Total Incoming Resources||**42,177**||**40,353**| |Resources Expended||||| |Grants and Donations (Note|9)|**(42,164)**||**(48,600)**| |Net Incoming/(Outgoing) Resources||**13**||**(8,247)**| |**Gains / (Losses) on revaluation &**||**22,917**||**48,308**| ||**disposal of Investment Assets**|||| |Net movement in funds||**22,930**||**40,061**| |Total funds brought forward||1,120,678||1,080,617| |Total funds carried forward||1,143,608||1,120,678| |**Balance Sheet at 30 September**||||| |||**2020**||**2019**| |Investments (Note 5)||1,132,937||1,110,020| |Cash at Bank||10,671||10,658| |Net Assets||1,143,608||1,120,678| |Unrestricted Funds||1,143,608||1,120,678| |Total Funds||1,143,608||1,120,678| |Signed by Trustees:|Date:|||| 4 ## **JAMES WILLIAMS TRUST** Notes to the accounts for the year ended 30 September 2020 - 1a. The accounts have been prepared under the historical cost convention and on an accruals basis in accordance with Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2000) and the Charities Act 1993. - 1b. The investment with CCLA is included at market value. The original cost of the investments at 30 September 2020 was £670,001 (2019: £670,001). 2. No fees were paid to the independent examiner either for scrutiny of the accounts or for any other services. 3. No remuneration or expenses are payable to the trustees or any other individual. 4. The trust has no tangible or intangible fixed assets other than the investments shown. No money is owed to or by the trust at the end of the year. |5.
Analysis of Investments held at year end:
Market Value at beginning of year
Net proceeds of disposal
Net gain / (loss) on revaluation & disposal
**Market value at end of year**
Investments held in unit trusts or other collective
Investment scheme
**Total**|**£**
1,110,020
-
22,917
**1,132,937**
1,132,937
**1,132,937**| |---|---| ||**1,132,937**| 6. All assets within the fund are unrestricted. 7. The trust has no undisclosed liabilities at the end of the year. 8. During the year the Trustees have had due regard for the Charity Commission’s guidance on public benefit. All institutions or individuals supported are engaged in work which is in accordance with the objectives of the Trust. The trustees by personal contact or written enquiry confirm on at least an annual basis that they continue to carry out such work. Where they cease to be able to put the grant towards work which is in accordance with the objectives of the Trust then support is discontinued. 5 ## **JAMES WILLIAMS TRUST** Notes to the accounts for the year ended 30 September 2020 (cont.) 9. Grants made during the year have been analysed on a functional basis (as defined in the SORP) and are further analysed below: ||Name||Purpose||No. of
Grants|||Value
Paid|Value
Paid| |---|---|---|---|---|---|---|---|---|---| ||||||||||| ||**Grants to Institutions**||||||||**£**| ||UCCF||Personal Support of Welsh Workers||5|||5,100|| ||Woodcroft Centre||General Funds||2|||3,500|| ||Concern Cymru||General Funds(Christian Counselling)||3|||2,550|| ||Mentur Ysgolion||Personal Support of Schools Workers||2|||1,800|| ||Hope Church Rhondda||General Funds||2|||1,700|| ||Message Wales||Eden Bus Sponsorship||1|||1,500|| ||Rwandan Orphans||General Funds||2|||1,100|| ||CACO||Personal Support for D Bhakiaraj||2|||1,100|| ||Rural Ministries||General Funds||2|||1,100|| ||Good News for Everyone
(formerly Gideons)||General Funds (Mid Glam & Newport)||2|||1,100|| ||Bedwas Baptist Church||Support for Youth Work||1|||574|| ||ICE Wales||Personal Support of Schools Worker||1|||550|| ||Aberystwyth C.U.||Support for Mission||1|||500|| ||Health Help International||General Funds||1|||500|| ||Christians in Sport||Support for training||1|||390|| ||||||||**23,064**||| ||**Grants to Individuals**||||||||| ||D Mayor||Personal Support||2||1,700||| ||M Thomas||Personal Support||2||1,700||| ||P & W Scott||Personal Support||2||1,700||| ||J Harris||Personal Support||2||1,700||| ||D Hankey||Personal Support||2||1,700||| ||F & W Babawi||Personal Support||2||1,700||| ||S Harris||Personal Support||2||1,100||| ||P & A Dodds||Personal Support||2||1,100||| ||A Davies||Personal Support||2||1,100||| ||G Pegler||Personal Support||2||1,100||| ||S Loader||Personal Support||2||1,100||| ||A Summerhayes||Personal Support||2||1,100||| ||P Hodge||Personal Support||2||700||| ||T Dullaway||Personal Support(Studies at UNION)||1||550||| ||L David||Personal Support||1||550||| ||D & R Hulley||Personal Support||1||500||| ||||||||**19,100**||| ||||||||||| ||**Total Grants and Donations**||||||**42,164**||| 6