## **JAMES WILLIAMS TRUST** ## **Trustees’ Annual Report & Accounting Statement For the year ended 30 September 2024** 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 A McGhee Existing trustees are responsible for the nomination and appointment of future trustees. The correspondence 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 Senator House, 85 Queen Victoria Street, London EC4V 4ET. Independent Examiner Mrs F Reynolds 1 CHARif( (OMMISSION FOR ENGLAND h140 WAIES Independent examiners report on account5 Report to thp trusteEsI membprs of Jatne5 Wiifiams Trust On 3ccounts for thp year ended 30 Sept 2024 Ch3rity nD (if any) I￿J045￿ Set on p3ge5 3-6 I re￿rt to the trustee5 on my exsmination of the arcount5 the ab tharity ("the Tru5f) for the year ended 30 Sept 202Jl R25pon5ibiliti25 and basis Df report A5 the thsrty"s trustee5. YOU are responsible forthe pre￿ratTrDTr of accounts in 9cccy*an￿ wtth the tEquirements of th2 ChBrtb25 A {"the Acl.). I re￿rt in res￿& of ry examinstiDll Df the Tru5t'5 B&￿unt5 &yrriEd urKler section 145 of 2011 AL* snd in Isrrying out my exBminati have followed all the appli&able Directi[￿5 given by IhE ChBritry urKler section 14515)(b) of the Act. Independent D havE &Jmpkted my examinstlDn. I ccKffirm IhEt llo IllBlerial mBlter examinetr3 statement [￿rne lo my gttention in connection with the ExsminBlion which gly use to believe that in. any mEterial rESPE the gcDJuntirwJ recotd5 kept in wth se of the Charttie5 Act: the account5 did not arcord with the BwJunting reoJrdg,' or the 8ccounts did not compTry Y¥ith the SFplicskk re4uiremenL5 conc*ming the forrn and content of BO)suntS Set oul in Ch {Acuunt5 8nd Reports) Regulgtion5 20[￿ other thsn any re4 that the acc￿nts gtve 8 'lrue and fairf vkw which is Trot £ m c￿r￿s￿de￿ 85 P8rt of ￿ 1rKIepend￿ exBminsIit￿n. I hsvE rbo c￿CernS gnd hsve ￿T￿￿ £cx055 no other matter5 in CJJ with the examination to which Btterrtion should be dryawn ￿ this re or￿T to en￿￿￿ 8 pri¥ser UTKIe[5tEnd￿￿ of &cl￿u￿rtS b) be . Please delete ttFe iri *he b￿CkelE ￿ they dD no* SigTrpd= D31p'. E JuTry 21i25 NarnE: Fkona Reynolds Relpvant profE55ion31 qualtficationl5) or body lif any): Addre55= 93 Pen Y Dre. C8rdiff. CF14 6EL IER Oct 2018 **TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024** ## 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 7.6% (net of donations) during the year. The estimated gross yield on the portfolio was £39,854 (2023: £40,047). 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: 8[th] July 2025 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**|| |---|---|---|---| |||**2024**|**2023**| |Incoming Resources|||| |Donations||**-**|**-**| |Investment Income|||| ||Distributions from funds|**40,442**|**40,063**| |Net Bank Interest (Gross) / (Charges)|Net Bank Interest (Gross) / (Charges)|**(46)**|**(51)**| |Total Incoming Resources||**40,396**|**40,012**| |Resources Expended|||| |Grants and Donations (Note 9)|Grants and Donations (Note 9)|**(46,000)**|**(40,800)**| |Net Incoming/(Outgoing) Resources||**(5,604)**|**(788)**| |**Gains / (Losses) on revaluation &**||**93,991**|**(36,576)**| ||**disposal of Investment Assets**||| |Net movement in funds||**88,387**|**(37,364)**| ||||| |Total funds brought forward||1,167,236|1,204,600| |Total funds carried forward||1,255,623|1,167,236| |**Balance Sheet at 30 September**|||| |||**2024**|**2023**| |Investments (Note 5)||1,240,942|1,156,950| |Cash at Bank||14,681|10,286| |Net Assets||1,255,623|1,167,236| |Unrestricted Funds||1,255,623|1,167,236| |Total Funds||1,255,623|1,167,236| |Signed by Trustees:|Date: 8thJuly 2025||| 4 ## **JAMES WILLIAMS TRUST** Notes to the accounts for the year ended 30 September 2024 - 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 2024 was £660,760 (2023: £665,339). 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|The trust has no tangible or intangible fixed assets other than the investments|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|1,156,950|| ||Disposals at fair value|(10,000)|| ||Net gain / (loss) on revaluation & disposal|93,992|| ||**Market value at end of year**|**1,240,942**|| ||Investments held in unit trusts or other collective||| ||Investment scheme|1,240,942|| ||**Total**|**1,240,942**|| 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 2024 (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|||4,400|| ||Woodcroft Centre||General Funds||2|||3,500|| ||Rwandan Orphans||General Funds||3|||2,900|| ||Metur Ysgolian||Personal Support of Welsh Workers||2|||1,900|| ||Rural Ministries||Personal Support of Simon Bowkett||2|||1,900|| ||Hope Church Rhondda||Support for Outreach Workers||2|||1,900|| ||Pioneers||Personal Support for Cardiff Workers||4|||2,400|| ||Concern Cymru||General Funds(Christian Counselling)||2|||1,200|| ||Good News for Everyone
(formerly Gideons)||General Funds (Mid Glam & Newport)||2|||1,200|| ||ICE Wales||Personal Support of Schools Worker||2|||1,200|| ||Message Trust Wales||Personal Support for E Mayor||2|||1,200|| ||Advance Cymru Bursaries||Educational Bursaryfor D Rigg||2|||1,000|| ||Rumney Church||General Funds||1|||1,000|| ||The Message Trust||Personal Support for M Walls||1|||600|| ||WalesWide||Support for 100.Cymru activities||1|||500|| ||Health Help International||General Funds||1|||500|| ||Aberystwyth CU||General Funds||1|||500|| ||||||||**28,600**||| ||**Grants to Individuals**||||||||| ||D Hankey||Personal Support||2||1,900||| ||D Mayor||Personal Support||4||2,900||| ||M Thomas||Personal Support||2||1,900||| ||P & W Scott||Personal Support||2||1,900||| ||J Harris||Personal Support||2||1,900||| ||F & W Babawi||Personal Support||3||1,800||| ||S Harris||Personal Support||2||1,200||| ||P & A Dodds||Personal Support||2||1,200||| ||S Loader||Personal Support||2||1,200||| ||A Davies||Personal Support||2||800||| ||L Adams||Personal Support||1||500||| ||N Davies||Personal Support||1||200||| ||||||||**17,400**||| ||||||||||| ||**Total Grants and Donations**||||||**46,000**||| 6