## **2024 GP Janes Bequest Trustees Annual Report** In the last 22 years we have made grants to 36 different churches totalling £893,872.95 2024 was a reasonably good year for the fund which increased by 9.8% compared with an increase of 6.8% in 2023. HSBC’s commission charge for the year was an estimated £10,000 including VAT. During 2024 we received requests from 11 different churches and we were able to help with grants of various amounts to each of them. So please apply to the fund if your church needs financial help in 2025 for things like improvements to buildings or Mission activity. The fund cannot however help with any staffing costs. The churches which received grants during 2024 were: Ebenezer B.C, Orchard Place B.C, Mumbles B.C, Gilgal B.C, Broadhaven B.C, Hope B.C, Sardis B.C, Narberth Baptist Fellowship, Carmarthen B.C, Bethel Central Maesteg, Jerusalem B.C, The funds we send to the churches are in the form of grants, not loans. On completion of your projects we require you to send us receipts which cover the spending of your grant from us. We would also love to see photos of how you spent your grants. An application form is available from the treasurer. The accounts for 2023 have been examined by Mrs Claire Kermode, Kingfisher church, Little Paxton and found to be in good order. The annual returns have been made to the Charities Commission. Should you have any questions about this report please contact the treasurer or any of the Trustees. ## _**Howell Edwards**_ - Chairman of the Trustees 1 ## **G.P.JANES BEQUEST TO THE WEST WALES ENGLISH BAPTIST CHURCHES Charity Number 238017** ## **FINANCIAL REPORT - 1 January 2024 to 31 December 2024** ## HSBC Current Account ## _**Receipts**_ Opening balance 1.1.2024 2,048.98 Drawdown from investments 40,000.00 Total 42,048.98 _**Payments**_ Gifts to 11 different churches 40,790.00 Trustees & Treasurer' 476.20 s expenses Treasurer's Honorarium 700.00 Bank charges 63.60 Closing balance 31.12.2024 19.18 Total 42,048.98 ## _**Trust Fund values**_ - - 19 Dec 23 1,055,764 - - 29 Dec 24 1,109,582 Fund increase 53,818 Drawdown from investments 40,000 HSBC commission fees plus VAT 10,000 (Estimate) Total net increase 103,818 9.8% % increase (6.8% increase in 2023 1 GP Janes Bequest To The West Wales English Baptist Churche5 INDEPENDENT EXAMtNATIOI¥4 Respective responsibilities of Trnstees and Examiner As the charity's trustees you are responsible for the preparation of the accounts.. you consider that the audit requirements of section 43(2) of the Charities Act 1993 (the Act) do not apply. It is my responsibility to state. on the basis of procedures specified in the General Directions given by the Charity Commtssioners under section 43(7Xb) of the Act whether particular matters have come to my attention. Basis of Indepeodent Examiner's Report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparÈson of the accixmts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation5 from you as trustees concerning any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the view given by the accounts. Independent Examiner'5 Report In connection Thryth tny examinati(In, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements to keep 8ccounting records in accordance with section 41 of the Act. and to prepate accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been me( or to whiclL in my opinion, attention should be drawn in order to enable a proper understanding of the accounts for the year ended 31 December 2024 to be reached. Signed.. Claire Kerniode. Date.. Claire Kenniyje 39 The Crofts Little Paxton St Neots PE19 6PG