## **JAMES WILLIAMS TRUST** ## **Trustees’ Annual Report & Accounting Statement For the year ended 30 September 2025** 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 (Resigned 7[th] November 2025) A McGhee L Jenkins Secretary (Appointed 7[th] November 2025) E Mayor (Appointed 7[th] November 2025) Existing trustees are responsible for the nomination and appointment of future trustees. Individuals are nominated on the basis of the skills, experience and knowledge to contribute to the objective of the Trust. The correspondence address is: - Ross Farm Woodside Woolaston LYDNEY Gloucestershire GL15 6PB 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 Mr P Stuart 1 **TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025** ## 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. However, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and intend to do so. 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) decreased by 3.7% (net of donations) during the year. During the current year donations were made totalling £44,700 (2024: £46,000). The forecast gross yield on the portfolio for the next financial year is £41,613. 5. The investment with CCLA Investment Management Ltd is on a unit basis and is split between Ethical Investment, Property and Short Duration 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. 6. During the year the Trustees have had due regard for the Charity Commission’s guidance on public benefit. 7. 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. 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 2 Date.. 16° June 2026 **JAMES WILLIAMS TRUST** **Statement of Financial Activities for the year ended 30 September** |Income and Endowments from:
Investments
Total
Expenses Incurred on Charitable Activities
Grants made (Note 10)
Net Bank (Charges) / Interest
Total
**Net Gains / (Losses) on Investment**
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**
**Balance Sheet at 30 September**
**Fixed Assets**
Investments (Note 8)
**Current Assets**
Cash at Bank
Net Assets
Unrestricted Funds
Total Funds
Signed by Trustees:
Date:16thJune 2026|**2025**
**2024**
**45,939**
**40,442**| |---|---| ||**45,939**
**40,396**
**(44,700)**
**(46,000)**
**(44)**
**(46)**| ||**1,195**
**(5,604)**
**(48,077)**
**93,991**| ||**(46,882)**
**88,387**| ||| ||1,255,623
1,167,236| ||**1,208,741**
**1,255,623**| ||**2025**
**2024**
1,192,865
1,240,942
15,876
14,681| ||1,208,741
1,255,623| ||1,208,741
1,255,623| ||1,208,741
1,255,623| ||| 4 ## **JAMES WILLIAMS TRUST** Notes to the accounts for the year ended 30 September 2025 1. These financial statements have been prepared in accordance with the Charities SORP (FRS 102) (effective January 2019), applicable accounting standards (FRS 102), and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value." 2. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. 3. The investment with CCLA is included at market value. The original cost of the investments at 30 September 2025 was £655,557 (2024: £660,760). 4. Income is recognised in the period in which it was received from the fund managers. 5. No fees were paid to the independent examiner either for scrutiny of the accounts or for any other services. 6. No remuneration or expenses are payable to the trustees or any other individual. 7. 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. |**8.**
Analysis of Investments held at year end:
Market Value at beginning of year
Disposals at fair value
Realised and unrealised gains/ (losses)
**Market value at end of year**
Investments held in unit trusts or other collective
investment scheme
**Total**
All assets within the fund are unrestricted.|**£**
1,240,942
(5,000)
(43,077)| |---|---| ||**1,192,865**| ||1,192,865| ||**1,192,865**| ||| 9. The trust has no undisclosed liabilities at the end of the year. 5 ## **JAMES WILLIAMS TRUST** Notes to the accounts for the year ended 30 September 2025 (cont.) 10. 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|||2,400|| ||Rural Ministries||Personal Support of Simon Bowkett||3|||2,400|| ||Pioneers||Personal Support for Cardiff Workers||2|||2,400|| ||Mentur Ysgolian||Personal Support of Welsh Workers||2|||1,900|| ||Hope Church Rhondda||Support for Outreach Workers||2|||1,900|| ||The Message Trust||Personal Support for M Walls||2|||1.200|| ||Trans World Radio||Personal Support for Heptons||2|||1,200|| ||Concern Cymru||General Funds(Christian Counselling)||2|||1,200|| ||Good News for Everyone
(formerly Gideons)||General Funds (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|| ||Show Jesus||Support for Royal Welsh Show||1|||1,000|| ||Advance Cymru Bursaries||Educational Bursaryfor D Rigg||1|||500|| ||To Kenya with Love||General Funds||1|||500|| ||Impact Schools Trust||General Funds||1|||500|| ||Aberystwyth CU||General Funds||1|||500|| ||||||||**28,800**||| ||**Grants to Individuals**||||||||| ||D Hankey||Personal Support||3||2,400||| ||M Thomas||Personal Support||3||2,400||| ||D Mayor||Personal Support||2||1,900||| ||P & W Scott||Personal Support||2||1,900||| ||J Harris||Personal Support||2||1,900||| ||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||| ||F & W Babawi||Personal Support||1||500||| ||L Adams||Personal Support||1||500||| ||||||||**15,900**||| ||||||||||| ||**Total Grants and Donations**||||||**44,700**||| 11. There were no related party transactions or transactions with trustees that require disclosure during the current or previous financial year. 6