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2021-09-30-accounts

JAMES WILLIAMS TRUST

Trustees’ Annual Report & Accounting Statement For the year ended 30 September 2021

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 Resigned 20[th] November 2020 R Young Resigned 19[th] November 2021 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

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CHARITY (OMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts Secti¢)n A Report to the trusteesl members of James Williams Trust On accounts for the year ended 30 Sept 2021 Charity no lif any) 11IJ0451 Set out on pages I rem to the trustees on my examnatton of the accounts ofthe above chantyllhe Trusfi for Its year ended 30 Sept 2021 Responsibilities and basis of repc¥t As the ch￿5 trustees, you are re5ponsrt)le ftjr the preparalton of the accounts Fn accordance vnth the rEywirements (rf the ctWrti￿ Act 2011 (Yhe Acri. I report li respect d my examination of the Trusfs accounts carrEd tyJI Oer section 145 of the 2011 Act and in carryng out my examinatKn, I have folkjwed all the awlicable DirectM)ns given by the Chanty Comrnissi der sethon 145(5XDI of the Acl. Independent 11 have completed my examina1￿. I conffimi that matenal matters have examiner's slatement come to my attent￿ in conneth'on wth the examfftab.on vthich gives me cause lo believe tha in. any material respect" the 3cwJnting records y￿re not kept in acccfdarKe wrth SeCtiC￿ 130 ofthe Charit￿ Act., or the aCCc￿ntS did not accord wrth the accoLntsng records., or accwnts ¢Jid not conKIty with the appfscable requirements conceming the Iwn an¢J cc¥)tenl of accounts sel wt in the Charities (Accounts and Reportsl Regu13kns 2008 other than any requirement that the 3ccounts gnie a true 2nd fairf view whKh ts not a matter considered as p¥t of an inde￿dent examinatic￿. I have no Con￿M5 and have come across no other matters in connecl with the examinat￿ to whKh attent￿ should be drawn in thi5 report in or(Jef to enab￿ a pr￿r underslarKJing of the accounls to be reached. ' Please delete the MYd6 in the brackets Mthey t*) not awy. Signed: Date: 24 May 2022 Name: F￿2 Reynotds Relevant pwofessional qualification(sl or l)ody Irf anyl: ICAEW A(Idress: 93 Pen Y C¥e. CaTOrff, CF14 6EL IER Oct 2018

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021

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.

  3. 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.

  4. 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.

  5. The market value of the Trust (Cash & Investments) increased by 9.5% (net of donations) during the year. The estimated gross yield on the portfolio was £39,705 (2020: £38,823).

  6. 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:

Signature:

Full Name: Stephen Burt

Position: Treasurer

Date: 24th May 2022

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JAMES WILLIAMS TRUST

Statement of Financial Activities for the year Statement of Financial Activities for the year ended 30 September ended 30 September
2021 2020
Incoming Resources
Donations - 2,074
Investment Income
Distributions from funds 39,355 40,100
Net Bank Interest (Gross) / (Charges) - 3
Total Incoming Resources 39,355 42,177
Resources Expended
Grants and Donations (Note 9) (42,500) (42,164)
Net Incoming/(Outgoing) Resources (3,145) 13
Gains / (Losses) on revaluation & 118,135 22,917
disposal of Investment Assets
Net movement in funds 114,990 22,930
Total funds brought forward 1,143,608 1,120,678
Total funds carried forward 1,258,598 1,143,608
Balance Sheet at 30 September
2021 2020
Investments (Note 5) 1,241,071 1,132,937
Cash at Bank 17,527 10,671
Net Assets 1,258,598 1,143,608
Unrestricted Funds 1,258,598 1,143,608
Total Funds 1,258,598 1,143,608
Signed by Trustees: Date: 24th May 2022

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JAMES WILLIAMS TRUST

Notes to the accounts for the year ended 30 September 2021

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		 £
1,132,937
(10,000)
118,135
1,241,071
1,241,071
1,241,071
1,241,071

  1. All assets within the fund are unrestricted.

  2. The trust has no undisclosed liabilities at the end of the year.

  3. 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.

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JAMES WILLIAMS TRUST

Notes to the accounts for the year ended 30 September 2021 (cont.)

  1. 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 4 5,100
Woodcroft Centre General Funds 2 3,500
Mentur Ysgolion Personal Support of Schools Workers 2 1,700
Hope Church Rhondda General Funds 2 1,700
Rwandan Orphans General Funds 2 1,400
Concern Cymru General Funds(Christian Counselling) 2 1,100
Pioneers 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
ICE Wales Personal Support of Schools Worker 2 1,100
Amazing Grace Spaces Support for Mission 1 1,000
Advance Cymru Bursaries Personal Support for Interns 1 1,000
Ely Gospel Hall General Funds 1 1,000
Sound of Wales General Funds 1 1,000
22,900
Grants to Individuals
G Pegler Personal Support 2 2,100
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
S Loader Personal Support 2 1,100
L David Personal Support 2 1,100
A Summerhayes Personal Support 2 1,100
P Hodge Personal Support 2 700
19,600
Total Grants and Donations 42,500

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