## **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 1 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. - 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 9.5% (net of donations) during the year. The estimated gross yield on the portfolio was £39,705 (2020: £38,823). 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: 24th May 2022 3 ## **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|||| 4 ## **JAMES WILLIAMS TRUST** Notes to the accounts for the year ended 30 September 2021 - 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 2021 was £665,339 (2020: £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**|**£**
1,132,937
(10,000)
118,135
**1,241,071**
1,241,071
**1,241,071**| |---|---| ||**1,241,071**| 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 2021 (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||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**||| 6