-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G5DRnXcfDJN6ZHqhKaTRuSpLkGY5D7vs1QgtI/cvSPGuP3OkLN+sAafb+snTT16H F47K3GDn/mC86OS/17Xizg== 0001035449-11-000117.txt : 20110216 0001035449-11-000117.hdr.sgml : 20110216 20110216162525 ACCESSION NUMBER: 0001035449-11-000117 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110216 DATE AS OF CHANGE: 20110216 EFFECTIVENESS DATE: 20110216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIMOTHY PLAN CENTRAL INDEX KEY: 0000916490 IRS NUMBER: 597016828 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-08228 FILM NUMBER: 11617900 BUSINESS ADDRESS: STREET 1: 1055 MAITLAND CENTER COMMONS CITY: MAITLAND STATE: FL ZIP: 32759 BUSINESS PHONE: 4076441986 MAIL ADDRESS: STREET 1: 1055 MAITLAND CENTER COMMONS CITY: MAITLAND STATE: FL ZIP: 32759 0000916490 S000011344 Timothy Conservative Variable C000031436 Timothy Conservative Variable 0000916490 S000011345 Timothy Strategic Variable C000031437 Timothy Strategic Variable NSAR-B 1 timothyanswer1210.fil TIMOTHY CONSEV AND STRAT VAR NSARB PAGE 1 000 B000000 12/31/2010 000 C000000 0000916490 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 TIMOTHY PLAN FUNDS 001 B000000 811-08228 001 C000000 8008467526 002 A000000 1055 MAITLAND CENTER COMMONS 002 B000000 MAITLAND 002 C000000 FL 002 D010000 32751 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 13 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 007 C021000 TIMOTHY STRATEGIC VARIABLE SERIES 007 C031000 N 007 C011100 11 007 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C017400 74 007 C017500 75 007 C017600 76 PAGE 3 007 C017700 77 007 C017800 78 007 C017900 79 007 C018000 80 007 C018100 81 007 C018200 82 007 C018300 83 007 C018400 84 007 C018500 85 007 C018600 86 007 C018700 87 007 C018800 88 007 C018900 89 007 C019000 90 010 A00AA01 HUNTINGTON ASSET SERVICES, INC. 010 B00AA01 84-00142 010 C01AA01 INDIANAPOLIS 010 C02AA01 IN 010 C03AA01 46208 011 A00AA01 TIMOTHY PARTNERS, LTD 011 B00AA01 8-49589 011 C01AA01 MAITLAND 011 C02AA01 FL 011 C03AA01 32751 012 A00AA01 HUNTINGTON ASSET SERVICES, INC. 012 B00AA01 84-00142 012 C01AA01 INDINAPOLIS 012 C02AA01 IN 012 C03AA01 46208 013 A00AA01 COHEN FUND AUDIT SERVICES, LTD. 013 B01AA01 WESTLAKE 013 B02AA01 OH 013 B03AA01 44145 015 A00AA01 U.S. BANK, N.A. 015 B00AA01 C 015 C01AA01 CINCINNATI 015 C02AA01 OH 015 C03AA01 45202 015 E01AA01 X 018 00AA00 Y 019 A00AA00 N 019 B00AA00 0 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 PAGE 4 020 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0.0 062 K001000 0.0 062 L001000 0.0 062 M001000 0.0 PAGE 8 062 N001000 0.0 062 O001000 0.0 062 P001000 0.0 062 Q001000 0.0 062 R001000 0.0 063 A001000 0 063 B001000 0.0 066 A001000 Y 066 B001000 N 066 C001000 N 066 D001000 Y 066 E001000 N 066 F001000 N 066 G001000 N 067 001000 N 068 A001000 N 068 B001000 N 069 001000 N 070 A011000 Y 070 A021000 N 070 B011000 N 070 B021000 N 070 C011000 N 070 C021000 N 070 D011000 N 070 D021000 N 070 E011000 N 070 E021000 N 070 F011000 N 070 F021000 N 070 G011000 N 070 G021000 N 070 H011000 N 070 H021000 N 070 I011000 N 070 I021000 N 070 J011000 N 070 J021000 N 070 K011000 Y 070 K021000 Y 070 L011000 Y 070 L021000 N 070 M011000 N 070 M021000 N 070 N011000 N 070 N021000 N 070 O011000 Y 070 O021000 N 070 P011000 N 070 P021000 N 070 Q011000 N PAGE 9 070 Q021000 N 070 R011000 N 070 R021000 N 071 A001000 1496 071 B001000 3641 071 C001000 17831 071 D001000 8 072 A001000 12 072 B001000 0 072 C001000 209 072 D001000 0 072 E001000 0 072 F001000 18 072 G001000 0 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B001101 A 008 C001101 801-45766 008 D011101 MAITLAND 008 D021101 FL 008 D031101 32751 028 A011100 125 028 A021100 0 028 A031100 0 028 A041100 215 028 B011100 42 028 B021100 0 028 B031100 0 028 B041100 798 028 C011100 70 028 C021100 0 028 C031100 0 028 C041100 594 028 D011100 33 028 D021100 0 028 D031100 0 028 D041100 552 028 E011100 210 028 E021100 0 028 E031100 0 PAGE 11 028 E041100 661 028 F011100 160 028 F021100 573 028 F031100 0 028 F041100 219 028 G011100 640 028 G021100 573 028 G031100 0 028 G041100 3039 028 H001100 0 029 001100 N 030 A001100 0 030 B001100 0.00 030 C001100 0.00 031 A001100 0 031 B001100 0 032 001100 0 033 001100 0 034 001100 N 035 001100 0 036 B001100 0 037 001100 N 038 001100 0 039 001100 N 040 001100 N 042 A001100 0 042 B001100 0 042 C001100 0 042 D001100 0 042 E001100 0 042 F001100 0 042 G001100 0 042 H001100 0 043 001100 0 044 001100 0 045 001100 Y 046 001100 N 047 001100 Y 048 001100 0.100 048 A011100 0 048 A021100 0.000 048 B011100 0 048 B021100 0.000 048 C011100 0 048 C021100 0.000 048 D011100 0 048 D021100 0.000 048 E011100 0 048 E021100 0.000 048 F011100 0 048 F021100 0.000 PAGE 12 048 G011100 0 048 G021100 0.000 048 H011100 0 048 H021100 0.000 048 I011100 0 048 I021100 0.000 048 J011100 0 048 J021100 0.000 048 K011100 0 048 K021100 0.000 049 001100 N 050 001100 N 051 001100 N 052 001100 N 053 A001100 N 055 A001100 N 055 B001100 N 056 001100 N 057 001100 N 058 A001100 N 059 001100 Y 060 A001100 Y 060 B001100 Y 061 001100 1000 062 A001100 N 062 B001100 0.0 062 C001100 0.0 062 D001100 0.0 062 E001100 0.0 062 F001100 0.0 062 G001100 0.0 062 H001100 0.0 062 I001100 0.0 062 J001100 0.0 062 K001100 0.0 062 L001100 0.0 062 M001100 0.0 062 N001100 0.0 062 O001100 0.0 062 P001100 0.0 062 Q001100 0.0 062 R001100 0.0 063 A001100 0 063 B001100 0.0 066 A001100 Y 066 B001100 N 066 C001100 N 066 D001100 Y 066 E001100 N 066 F001100 N 066 G001100 N PAGE 13 067 001100 N 068 A001100 N 068 B001100 N 069 001100 N 070 A011100 Y 070 A021100 N 070 B011100 N 070 B021100 N 070 C011100 N 070 C021100 N 070 D011100 N 070 D021100 N 070 E011100 N 070 E021100 N 070 F011100 N 070 F021100 N 070 G011100 N 070 G021100 N 070 H011100 N 070 H021100 N 070 I011100 N 070 I021100 N 070 J011100 N 070 J021100 N 070 K011100 Y 070 K021100 Y 070 L011100 Y 070 L021100 N 070 M011100 N 070 M021100 N 070 N011100 N 070 N021100 N 070 O011100 Y 070 O021100 N 070 P011100 N 070 P021100 N 070 Q011100 N 070 Q021100 N 070 R011100 N 070 R021100 N 071 A001100 3704 071 B001100 7284 071 C001100 41550 071 D001100 9 072 A001100 12 072 B001100 0 072 C001100 849 072 D001100 0 072 E001100 0 072 F001100 42 072 G001100 0 PAGE 14 072 H001100 0 072 I001100 0 072 J001100 9 072 K001100 0 072 L001100 0 072 M001100 10 072 N001100 0 072 O001100 0 072 P001100 0 072 Q001100 93 072 R001100 17 072 S001100 0 072 T001100 0 072 U001100 0 072 V001100 0 072 W001100 2 072 X001100 173 072 Y001100 0 072 Z001100 676 072AA001100 145 072BB001100 902 072CC011100 0 072CC021100 4981 072DD011100 573 072DD021100 0 072EE001100 0 073 A011100 0.1472 073 A021100 0.0000 073 B001100 0.0000 073 C001100 0.0000 074 A001100 0 074 B001100 0 074 C001100 0 074 D001100 0 074 E001100 0 074 F001100 0 074 G001100 0 074 H001100 0 074 I001100 43260 074 J001100 110 074 K001100 0 074 L001100 1 074 M001100 0 074 N001100 43371 074 O001100 170 074 P001100 4 074 Q001100 0 074 R011100 0 074 R021100 0 074 R031100 0 074 R041100 25 PAGE 15 074 S001100 0 074 T001100 43172 074 U011100 3947 074 U021100 0 074 V011100 10.94 074 V021100 0.00 074 W001100 0.0000 074 X001100 5 074 Y001100 0 075 A001100 0 075 B001100 41659 076 001100 0.00 SIGNATURE ARTHUR D. ALLY TITLE PRESIDENT EX-99.77B ACCT LTTR 2 ex77b123110.htm ex77b123110.htm
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Shareholders and Board of Trustees
The Timothy Plan

In planning and performing our audit of the financial statements of Timothy Plan Conservative Growth Portfolio Variable Series and Timothy Plan Strategic Growth Portfolio Variable Series (the “Funds”), two of the series constituting The Timothy Plan, as of and for the year ended December 31, 2010, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting.   Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.  A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund ; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds’ annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).  However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2010.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.


COHEN FUND AUDIT SERVICES, LTD.
Westlake, Ohio
February 16, 2011
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