-----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, S+jgRrPGwmcHzyB7t5ff+PRjUJTfOXFObCkZiTWBXoFsQuWCBdhzrNS3e+TKm06w RZBN18XIgCEZxVRjexKc3A== 0001144204-05-006365.txt : 20050301 0001144204-05-006365.hdr.sgml : 20050301 20050301160128 ACCESSION NUMBER: 0001144204-05-006365 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041231 FILED AS OF DATE: 20050301 DATE AS OF CHANGE: 20050301 EFFECTIVENESS DATE: 20050301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIMOTHY PLAN CENTRAL INDEX KEY: 0000916490 IRS NUMBER: 597016828 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-08228 FILM NUMBER: 05650286 BUSINESS ADDRESS: STREET 1: 1304 W FAIRBANKS AVE CITY: WINTER PARK STATE: FL ZIP: 32789 BUSINESS PHONE: 4076441986 MAIL ADDRESS: STREET 1: 1304 W FAIRBANKS AVE CITY: WINTER PARK STATE: FL ZIP: 32789 NSAR-B 1 answer.fil PAGE 1 000 B000000 12/31/2004 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 8006620201 002 A000000 1304 WEST FAIRBANKS AVENUE 002 B000000 WINTER PARK 002 C000000 FL 002 D010000 32789 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 12 007 C010100 1 007 C020100 TIMOTHY PLAN SMALL CAP VALUE FUND 007 C030100 N 007 C010200 2 007 C020200 TIMOTHY PLAN LARGE/MID CAP VALUE FUND 007 C030200 N 007 C010300 3 007 C020300 TIMOTHY PLAN FIXED INCOME FUND 007 C030300 N 007 C010400 4 007 C020400 TIMOTHY PLAN MONEY MARKET FUND 007 C030400 N 007 C010500 5 007 C020500 TIMOTHY PLAN AGGRESSIVE GROWTH FUND 007 C030500 N 007 C010600 6 007 C020600 TIMOTHY PLAN LARGE/MID-CAP GROWTH FUND 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PAGE 19 008 B000501 A 008 C000501 801-45766 008 D010501 WINTER PARK 008 D020501 FL 008 D030501 32789 008 A000502 PROVIDENT INVESTMENT COUNSEL 008 B000502 S 008 C000502 801-47993 008 D010502 PASADENIA 008 D020502 CA 008 D030502 91101 028 A010500 518 028 A020500 0 028 A030500 0 028 A040500 94 028 B010500 451 028 B020500 0 028 B030500 0 028 B040500 171 028 C010500 652 028 C020500 0 028 C030500 0 028 C040500 275 028 D010500 222 028 D020500 0 028 D030500 0 028 D040500 127 028 E010500 363 028 E020500 0 028 E030500 0 028 E040500 324 028 F010500 212 028 F020500 0 028 F030500 0 028 F040500 347 028 G010500 2418 028 G020500 0 028 G030500 0 028 G040500 1338 028 H000500 0 045 000500 Y 046 000500 N 047 000500 Y 048 000500 0.850 048 A010500 0 048 A020500 0.000 048 B010500 0 048 B020500 0.000 048 C010500 0 048 C020500 0.000 048 D010500 0 PAGE 20 048 D020500 0.000 048 E010500 0 048 E020500 0.000 048 F010500 0 048 F020500 0.000 048 G010500 0 048 G020500 0.000 048 H010500 0 048 H020500 0.000 048 I010500 0 048 I020500 0.000 048 J010500 0 048 J020500 0.000 048 K010500 0 048 K020500 0.000 062 A000500 N 062 B000500 0.0 062 C000500 0.0 062 D000500 0.0 062 E000500 0.0 062 F000500 0.0 062 G000500 0.0 062 H000500 0.0 062 I000500 0.0 062 J000500 0.0 062 K000500 0.0 062 L000500 0.0 062 M000500 0.0 062 N000500 0.0 062 O000500 0.0 062 P000500 0.0 062 Q000500 0.0 062 R000500 0.0 071 A000500 37639 071 B000500 14631 071 C000500 14344 071 D000500 102 072 A000500 12 072 B000500 3 072 C000500 38 072 D000500 0 072 E000500 0 072 F000500 127 072 G000500 34 072 H000500 0 072 I000500 4 072 J000500 13 072 K000500 0 072 L000500 2 072 M000500 0 072 N000500 13 PAGE 21 072 O000500 0 072 P000500 0 072 Q000500 0 072 R000500 8 072 S000500 3 072 T000500 46 072 U000500 0 072 V000500 0 072 W000500 1 072 X000500 251 072 Y000500 0 072 Z000500 -210 072AA000500 0 072BB000500 30 072CC010500 1977 072CC020500 0 072DD010500 0 072DD020500 0 072EE000500 0 073 A010500 0.0000 073 A020500 0.0000 073 B000500 0.0000 073 C000500 0.0000 074 A000500 0 074 B000500 0 074 C000500 307 074 D000500 0 074 E000500 0 074 F000500 18421 074 G000500 0 074 H000500 0 074 I000500 0 074 J000500 0 074 K000500 0 074 L000500 27 074 M000500 0 074 N000500 18755 074 O000500 0 074 P000500 4 074 Q000500 0 074 R010500 0 074 R020500 0 074 R030500 0 074 R040500 89 074 S000500 0 074 T000500 18662 074 U010500 2368 074 U020500 226 074 V010500 6.95 074 V020500 6.74 074 W000500 0.0000 PAGE 22 074 X000500 1 074 Y000500 0 075 A000500 0 075 B000500 14962 076 000500 0.00 008 A000601 TIMOTHY PARTNERS, LTD. 008 B000601 A 008 C000601 801-45766 008 D010601 WINTER PARK 008 D020601 FL 008 D030601 32789 008 A000602 RITTENHOUSE FINANCIAL SERVICES 008 B000602 S 008 C000602 801-18394 008 D010602 RADNOR 008 D020602 PA 008 D030602 19087 008 D040602 4599 028 A010600 1378 028 A020600 0 028 A030600 0 028 A040600 91 028 B010600 739 028 B020600 0 028 B030600 0 028 B040600 186 028 C010600 1284 028 C020600 0 028 C030600 0 028 C040600 36 028 D010600 1075 028 D020600 0 028 D030600 0 028 D040600 172 028 E010600 1394 028 E020600 0 028 E030600 0 028 E040600 126 028 F010600 1527 028 F020600 0 028 F030600 0 028 F040600 298 028 G010600 7397 028 G020600 0 028 G030600 0 028 G040600 909 028 H000600 0 045 000600 Y 046 000600 N 047 000600 Y 048 000600 0.850 PAGE 23 048 A010600 0 048 A020600 0.000 048 B010600 0 048 B020600 0.000 048 C010600 0 048 C020600 0.000 048 D010600 0 048 D020600 0.000 048 E010600 0 048 E020600 0.000 048 F010600 0 048 F020600 0.000 048 G010600 0 048 G020600 0.000 048 H010600 0 048 H020600 0.000 048 I010600 0 048 I020600 0.000 048 J010600 0 048 J020600 0.000 048 K010600 0 048 K020600 0.000 062 A000600 N 062 B000600 0.0 062 C000600 0.0 062 D000600 0.0 062 E000600 0.0 062 F000600 0.0 062 G000600 0.0 062 H000600 0.0 062 I000600 0.0 062 J000600 0.0 062 K000600 0.0 062 L000600 0.0 062 M000600 0.0 062 N000600 0.0 062 O000600 0.0 062 P000600 0.0 062 Q000600 0.0 062 R000600 0.0 071 A000600 30377 071 B000600 18362 071 C000600 30551 071 D000600 60 072 A000600 12 072 B000600 10 072 C000600 181 072 D000600 0 072 E000600 0 072 F000600 271 072 G000600 73 PAGE 24 072 H000600 0 072 I000600 7 072 J000600 5 072 K000600 0 072 L000600 5 072 M000600 0 072 N000600 17 072 O000600 0 072 P000600 0 072 Q000600 0 072 R000600 18 072 S000600 6 072 T000600 95 072 U000600 0 072 V000600 0 072 W000600 37 072 X000600 534 072 Y000600 0 072 Z000600 -343 072AA000600 1105 072BB000600 0 072CC010600 1990 072CC020600 0 072DD010600 0 072DD020600 0 072EE000600 0 073 A010600 0.0000 073 A020600 0.0000 073 B000600 0.0000 073 C000600 0.0000 074 A000600 0 074 B000600 0 074 C000600 742 074 D000600 0 074 E000600 0 074 F000600 39764 074 G000600 0 074 H000600 0 074 I000600 0 074 J000600 0 074 K000600 0 074 L000600 109 074 M000600 0 074 N000600 40615 074 O000600 0 074 P000600 0 074 Q000600 0 074 R010600 0 074 R020600 0 074 R030600 0 074 R040600 92 PAGE 25 074 S000600 0 074 T000600 40523 074 U010600 5509 074 U020600 413 074 V010600 6.69 074 V020600 6.50 074 W000600 0.0000 074 X000600 2 074 Y000600 0 075 A000600 0 075 B000600 32075 076 000600 0.00 008 A000701 TIMOTHY PARTNERS, LTD. 008 B000701 A 008 C000701 801-45766 008 D010701 WINTER PARK 008 D020701 FL 008 D030701 32789 028 A010700 871 028 A020700 0 028 A030700 0 028 A040700 211 028 B010700 944 028 B020700 0 028 B030700 0 028 B040700 467 028 C010700 1222 028 C020700 0 028 C030700 0 028 C040700 402 028 D010700 938 028 D020700 0 028 D030700 0 028 D040700 336 028 E010700 1207 028 E020700 0 028 E030700 0 028 E040700 244 028 F010700 852 028 F020700 713 028 F030700 0 028 F040700 220 028 G010700 6034 028 G020700 713 028 G030700 0 028 G040700 1880 028 H000700 0 045 000700 Y 046 000700 N 047 000700 Y 048 000700 0.650 PAGE 26 048 A010700 0 048 A020700 0.000 048 B010700 0 048 B020700 0.000 048 C010700 0 048 C020700 0.000 048 D010700 0 048 D020700 0.000 048 E010700 0 048 E020700 0.000 048 F010700 0 048 F020700 0.000 048 G010700 0 048 G020700 0.000 048 H010700 0 048 H020700 0.000 048 I010700 0 048 I020700 0.000 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B000700 0 074 C000700 141 074 D000700 0 074 E000700 0 074 F000700 37897 074 G000700 0 074 H000700 0 074 I000700 0 074 J000700 0 074 K000700 0 074 L000700 1036 074 M000700 0 074 N000700 39074 074 O000700 0 074 P000700 0 074 Q000700 0 074 R010700 0 074 R020700 0 074 R030700 0 074 R040700 325 PAGE 28 074 S000700 0 074 T000700 38749 074 U010700 2264 074 U020700 1292 074 V010700 10.26 074 V020700 9.96 074 W000700 0.0000 074 X000700 3 074 Y000700 0 075 A000700 0 075 B000700 32959 076 000700 0.00 008 A000801 TIMOTHY PARTNERS, LTD. 008 B000801 A 008 C000801 801-45766 008 D010801 WINTER PARK 008 D020801 FL 008 D030801 32789 028 A010800 911 028 A020800 0 028 A030800 0 028 A040800 252 028 B010800 791 028 B020800 0 028 B030800 0 028 B040800 210 028 C010800 904 028 C020800 0 028 C030800 0 028 C040800 275 028 D010800 740 028 D020800 0 028 D030800 0 028 D040800 770 028 E010800 1003 028 E020800 0 028 E030800 0 028 E040800 497 028 F010800 981 028 F020800 538 028 F030800 0 028 F040800 263 028 G010800 5330 028 G020800 538 028 G030800 0 028 G040800 2267 028 H000800 0 045 000800 Y 046 000800 N 047 000800 Y 048 000800 0.650 PAGE 29 048 A010800 0 048 A020800 0.000 048 B010800 0 048 B020800 0.000 048 C010800 0 048 C020800 0.000 048 D010800 0 048 D020800 0.000 048 E010800 0 048 E020800 0.000 048 F010800 0 048 F020800 0.000 048 G010800 0 048 G020800 0.000 048 H010800 0 048 H020800 0.000 048 I010800 0 048 I020800 0.000 048 J010800 0 048 J020800 0.000 048 K010800 0 048 K020800 0.000 062 A000800 N 062 B000800 0.0 062 C000800 0.0 062 D000800 0.0 062 E000800 0.0 062 F000800 0.0 062 G000800 0.0 062 H000800 0.0 062 I000800 0.0 062 J000800 0.0 062 K000800 0.0 062 L000800 0.0 062 M000800 0.0 062 N000800 0.0 062 O000800 0.0 062 P000800 0.0 062 Q000800 0.0 062 R000800 0.0 071 A000800 9295 071 B000800 160 071 C000800 35093 071 D000800 0 072 A000800 12 072 B000800 1 072 C000800 138 072 D000800 0 072 E000800 0 072 F000800 229 072 G000800 80 PAGE 30 072 H000800 0 072 I000800 0 072 J000800 5 072 K000800 0 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WINTER PARK 008 D020901 FL 008 D030901 32789 008 A000902 AWAD & ASSOCIATES 008 B000902 S 008 C000902 801-55776 008 D010902 NEW YORK 008 D020902 NY 008 D030902 10177 028 A010900 18 028 A020900 0 028 A030900 0 028 A040900 18 028 B010900 8 028 B020900 0 028 B030900 0 028 B040900 65 028 C010900 1429 028 C020900 0 028 C030900 0 028 C040900 21 028 D010900 27 028 D020900 0 028 D030900 0 028 D040900 90 028 E010900 8 028 E020900 0 028 E030900 0 028 E040900 61 028 F010900 8 028 F020900 0 028 F030900 0 028 F040900 32 028 G010900 1498 028 G020900 0 028 G030900 0 PAGE 32 028 G040900 287 028 H000900 0 045 000900 Y 046 000900 N 047 000900 Y 048 000900 1.000 048 A010900 0 048 A020900 0.000 048 B010900 0 048 B020900 0.000 048 C010900 0 048 C020900 0.000 048 D010900 0 048 D020900 0.000 048 E010900 0 048 E020900 0.000 048 F010900 0 048 F020900 0.000 048 G010900 0 048 G020900 0.000 048 H010900 0 048 H020900 0.000 048 I010900 0 048 I020900 0.000 048 J010900 0 048 J020900 0.000 048 K010900 0 048 K020900 0.000 062 A000900 N 062 B000900 0.0 062 C000900 0.0 062 D000900 0.0 062 E000900 0.0 062 F000900 0.0 062 G000900 0.0 062 H000900 0.0 062 I000900 0.0 062 J000900 0.0 062 K000900 0.0 062 L000900 0.0 062 M000900 0.0 062 N000900 0.0 062 O000900 0.0 062 P000900 0.0 062 Q000900 0.0 062 R000900 0.0 071 A000900 5162 071 B000900 3095 071 C000900 4913 071 D000900 63 072 A000900 12 PAGE 33 072 B000900 2 072 C000900 58 072 D000900 0 072 E000900 0 072 F000900 54 072 G000900 12 072 H000900 0 072 I000900 0 072 J000900 3 072 K000900 0 072 L000900 0 072 M000900 0 072 N000900 0 072 O000900 0 072 P000900 0 072 Q000900 0 072 R000900 3 072 S000900 1 072 T000900 0 072 U000900 0 072 V000900 0 072 W000900 -8 072 X000900 65 072 Y000900 0 072 Z000900 -5 072AA000900 794 072BB000900 0 072CC010900 0 072CC020900 210 072DD010900 0 072DD020900 0 072EE000900 0 073 A010900 0.0000 073 A020900 0.0000 073 B000900 0.0000 073 C000900 0.0000 074 A000900 153 074 B000900 0 074 C000900 524 074 D000900 0 074 E000900 0 074 F000900 4882 074 G000900 0 074 H000900 0 074 I000900 0 074 J000900 0 074 K000900 0 074 L000900 14 074 M000900 0 074 N000900 5573 074 O000900 0 PAGE 34 074 P000900 0 074 Q000900 0 074 R010900 0 074 R020900 0 074 R030900 0 074 R040900 10 074 S000900 0 074 T000900 5563 074 U010900 331 074 U020900 0 074 V010900 16.83 074 V020900 0.00 074 W000900 0.0000 074 X000900 0 074 Y000900 0 075 A000900 0 075 B000900 5399 076 000900 0.00 008 A001001 TIMOTHY PARTNERS, LTD. 008 B001001 A 008 C001001 801-45766 008 D011001 WINTER PARK 008 D021001 FL 008 D031001 32789 028 A011000 194 028 A021000 0 028 A031000 0 028 A041000 61 028 B011000 116 028 B021000 0 028 B031000 0 028 B041000 279 028 C011000 897 028 C021000 0 028 C031000 0 028 C041000 6 028 D011000 93 028 D021000 0 028 D031000 0 028 D041000 321 028 E011000 487 028 E021000 0 028 E031000 0 028 E041000 79 028 F011000 354 028 F021000 0 028 F031000 0 028 F041000 0 028 G011000 2141 028 G021000 0 028 G031000 0 PAGE 35 028 G041000 746 028 H001000 0 045 001000 Y 046 001000 N 047 001000 Y 048 001000 0.100 048 A011000 0 048 A021000 0.000 048 B011000 0 048 B021000 0.000 048 C011000 0 048 C021000 0.000 048 D011000 0 048 D021000 0.000 048 E011000 0 048 E021000 0.000 048 F011000 0 048 F021000 0.000 048 G011000 0 048 G021000 0.000 048 H011000 0 048 H021000 0.000 048 I011000 0 048 I021000 0.000 048 J011000 0 048 J021000 0.000 048 K011000 0 048 K021000 0.000 062 A001000 N 062 B001000 0.0 062 C001000 0.0 062 D001000 0.0 062 E001000 0.0 062 F001000 0.0 062 G001000 0.0 062 H001000 0.0 062 I001000 0.0 062 J001000 0.0 062 K001000 0.0 062 L001000 0.0 062 M001000 0.0 062 N001000 0.0 062 O001000 0.0 062 P001000 0.0 062 Q001000 0.0 062 R001000 0.0 071 A001000 3220 071 B001000 485 071 C001000 5515 071 D001000 9 072 A001000 12 PAGE 36 072 B001000 0 072 C001000 41 072 D001000 0 072 E001000 0 072 F001000 5 072 G001000 13 072 H001000 0 072 I001000 14 072 J001000 3 072 K001000 0 072 L001000 0 072 M001000 0 072 N001000 0 072 O001000 0 072 P001000 0 072 Q001000 0 072 R001000 0 072 S001000 1 072 T001000 0 072 U001000 0 072 V001000 0 072 W001000 11 072 X001000 47 072 Y001000 0 072 Z001000 -6 072AA001000 156 072BB001000 0 072CC011000 346 072CC021000 0 072DD011000 0 072DD021000 0 072EE001000 0 073 A011000 0.0000 073 A021000 0.0000 073 B001000 0.0000 073 C001000 0.0000 074 A001000 0 074 B001000 0 074 C001000 0 074 D001000 0 074 E001000 0 074 F001000 7275 074 G001000 0 074 H001000 0 074 I001000 0 074 J001000 0 074 K001000 0 074 L001000 141 074 M001000 0 074 N001000 7416 074 O001000 0 PAGE 37 074 P001000 0 074 Q001000 0 074 R011000 0 074 R021000 0 074 R031000 0 074 R041000 9 074 S001000 0 074 T001000 7407 074 U011000 663 074 U021000 0 074 V011000 11.18 074 V021000 0.00 074 W001000 0.0000 074 X001000 0 074 Y001000 0 075 A001000 0 075 B001000 5553 076 001000 0.00 008 A001201 TIMOTHY PARTNERS, LTD. 008 B001201 A 008 C001201 801-45766 008 D011201 WINTER PARK 008 D021201 FL 008 D031201 32789 008 A001202 AWAD & ASSOCIATES 008 B001202 S 008 C001202 801-55776 008 D011202 NEW YORK 008 D021202 NY 008 D031202 10177 028 A011200 79 028 A021200 0 028 A031200 0 028 A041200 0 028 B011200 204 028 B021200 0 028 B031200 0 028 B041200 0 028 C011200 220 028 C021200 0 028 C031200 0 028 C041200 1 028 D011200 33 028 D021200 0 028 D031200 0 028 D041200 3 028 E011200 86 028 E021200 0 028 E031200 0 028 E041200 0 028 F011200 66 PAGE 38 028 F021200 0 028 F031200 0 028 F041200 8 028 G011200 688 028 G021200 0 028 G031200 0 028 G041200 12 028 H001200 0 045 001200 Y 046 001200 N 047 001200 Y 048 001200 0.850 048 A011200 0 048 A021200 0.000 048 B011200 0 048 B021200 0.000 048 C011200 0 048 C021200 0.000 048 D011200 0 048 D021200 0.000 048 E011200 0 048 E021200 0.000 048 F011200 0 048 F021200 0.000 048 G011200 0 048 G021200 0.000 048 H011200 0 048 H021200 0.000 048 I011200 0 048 I021200 0.000 048 J011200 0 048 J021200 0.000 048 K011200 0 048 K021200 0.000 062 A001200 N 062 B001200 0.0 062 C001200 0.0 062 D001200 0.0 062 E001200 0.0 062 F001200 0.0 062 G001200 0.0 062 H001200 0.0 062 I001200 0.0 062 J001200 0.0 062 K001200 0.0 062 L001200 0.0 062 M001200 0.0 062 N001200 0.0 062 O001200 0.0 062 P001200 0.0 062 Q001200 0.0 PAGE 39 062 R001200 0.0 071 A001200 981 071 B001200 61 071 C001200 258 071 D001200 21 072 A001200 12 072 B001200 1 072 C001200 2 072 D001200 0 072 E001200 0 072 F001200 3 072 G001200 1 072 H001200 -10 072 I001200 0 072 J001200 1 072 K001200 0 072 L001200 0 072 M001200 0 072 N001200 9 072 O001200 0 072 P001200 0 072 Q001200 0 072 R001200 0 072 S001200 0 072 T001200 1 072 U001200 0 072 V001200 0 072 W001200 1 072 X001200 6 072 Y001200 0 072 Z001200 -3 072AA001200 0 072BB001200 2 072CC011200 62 072CC021200 0 072DD011200 0 072DD021200 0 072EE001200 0 073 A011200 0.0000 073 A021200 0.0000 073 B001200 0.0000 073 C001200 0.0000 074 A001200 216 074 B001200 0 074 C001200 36 074 D001200 0 074 E001200 0 074 F001200 634 074 G001200 0 074 H001200 0 074 I001200 0 PAGE 40 074 J001200 0 074 K001200 0 074 L001200 81 074 M001200 0 074 N001200 967 074 O001200 0 074 P001200 0 074 Q001200 0 074 R011200 0 074 R021200 0 074 R031200 0 074 R041200 4 074 S001200 0 074 T001200 963 074 U011200 65 074 U021200 27 074 V011200 10.53 074 V021200 10.49 074 W001200 0.0000 074 X001200 0 074 Y001200 0 075 A001200 0 075 B001200 503 076 001200 0.00 SIGNATURE ARTHUR D. ALLY TITLE PRESIDENT EX-99.77.B 2 v013515_ex77b.txt REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS ON INTERNAL CONTROL Board of Trustees The Timothy Plan Winter Park, Florida In planning and performing our audit of the financial statements of The Timothy Plan Fixed Income Fund, The Timothy Plan Large Mid/Cap Value Fund, The Timothy Plan Money Market Fund, The Timothy Plan Small-Cal Value Fund, The Timothy Plan Aggressive Growth Fund, The Timothy Plan Conservative Growth Fund, The Timothy Plan Strategic Growth Fund, The Timothy Plan Large Mid/Cap Growth Fund and The Timothy Plan Patriot Fund, and each a series of shares of The Timothy Plan for the year ended December 31, 2004, we considered their internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Funds is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with accounting principles generally accepted in the United States of America. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in any internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of the internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of the internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses, as defined above, as of December 31, 2004. This report is intended solely for the information and use of management and the Board of Trustees and Shareholders of The Timothy Plan and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties. TAIT, WELLER & BAKER Philadelphia, Pennsylvania February 18, 2005 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON INTERNAL CONTROL Board of Trustees The Timothy Plan Winter Park, Florida In planning and performing our audit of the financial statements of The Timothy Plan Small-Cap Variable Series, a series of shares of The Timothy Plan for the year ended December 31, 2004, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with accounting principles generally accepted in the United States of America. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in any internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of the internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of the internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses, as defined above, as of December 31, 2004. This report is intended solely for the information and use of management and the Board of Trustees of The Timothy Plan and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties. TAIT, WELLER & BAKER Philadelphia, Pennsylvania February 18, 2005 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON INTERNAL CONTROL The Board of Trustees and Shareholders The Timothy Plan Winter Park, Florida In planning and performing our audit of the financial statements of The Timothy Plan Strategic Growth Portfolio Variable Series, a series of shares of The Timothy Plan for the year ended December 31, 2004, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with accounting principles generally accepted in the United States of America. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in any internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of the internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of the internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, which we consider to be material weaknesses, as defined above, as of December 31, 2004. This report is intended solely for the information and use of management and the Board of Trustees of The Timothy Plan and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties. TAIT, WELLER & BAKER Philadelphia, Pennsylvania February 18, 2005 -----END PRIVACY-ENHANCED MESSAGE-----