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2020-12-31-accounts

Pages
Trustees' annual
report (incorporating
the		 director's report) 1to6
Independent auditor's report to the members Tto11
Statement of financial activities (including income and expenditure
account) 12
Statement of financial position 13
Statement of cash flows 14
Notes to the financial statements 15to 22
The following pages do not form part ofthe financial statements
Detailed statement
of		 financial activities 24
Notes to the detailed statement offinancial activities 25

Reference and administrative and administrative and administrative details
Registered charity name The Carningli Trust l td
Charity registration number 517066
Company registration number 1953474
Principal office and registered Panteg
office Llangynin
Road
St Clears
Carmarthen
Dyfed
SA33 4JR
The trustees
V, Arnall
H. K. Coram
M Cule (Resigned 11 February 2020)
A. E. Hancocl.
J. L. Hancock
K. J May
W. Shipman (Appointed 11 February 2020)
T.C. Brown (Appointed 26 November 2020)
Auditor Evens 8 Co Ltd
Chartered
Accountants		 8 Statutory Auditor
Hamilton
House
Hamilton
Terrace
Milford Haven
Pembrokeshin
SA73 3JP
Bankers National
Westminster		 Bank Plc
250 Regent Street
London
W1B3BN
SoIicitors Darwin
Bowie		 Solicitors
24 High Street
Narberth
Pembrokeshire
SA67 7AR

Year ended 31 Dece mber 2020
2020 2019
Unrestricted
funds Total funds Total funds
Note E E
Income and endowments
l3onations
and legacies		 1,079 1,079 256
Charitable
activities		 1,518,133 1,5'I 8,133 1,217,066
Other trading
activities		 39,675 39,675 3,059
Investment
income		 408 408 814
Total income 1,559,295 I,559,295 1,221,195
Expenditure
Expenditure
on charitable		 activities 9,10 1,240,
I30		 1,240,130 1,106,115
Total expenditure 1,240,
I30		 1,240,130 1,106,115
Net income and net movement in funds 319,165 319,165 115,080
Reconciliation
of funds
Total funds
brought		 forward as previously reported 2,003,840 2,003,840 2,053,823
Prior year adjustment (165,063)
Total funds brought forward as restated 2,003,840 2,003,840 1,888,760
Total funds carried forward 2,323,005 2,323,005 2,003,840

31 Decemb er 20 20
2020 2019
Note F
Fixed assets
Tangible fixed assets 15 1,750,036 1,774,554
Current assets
Debtors 16 44,609 38,255
Cash at bank and
in		 hand 594,941 449,460
639,550 487,715
Creditors: amounts falling due within one year (66,581) (71,756)
Net current assets 572,969 415,959
Total assets less current liabilities 2,323,005 2,190,513
Creditors: amounts falling due after more than one year (186,673)
Net assets 2,323,005 2,003,840
Funds ofthe charity
Unrestricted funds 2,323,005 2,003,840
Total charity funds 20 2,323,005 2,003,840

Year ended 31 Decemb er 2020
2020 2019
E. E
Cash flows from operating activities
Net income 319,165 115,080
Adjustments
for:
depreciation
oftangible
fixed assets		 48,162 46,082
Other interest receivable
and		 similar income (408) (814)
Interest payable
and similar		 charges 6,541 10,873
Changesin:
Trade and other debtors (6,354) (7,008)
Trade and other creditors 10,389 (98,940)
Cash generated
from operations		 377,495 65,273
Interest
paid		 (6,541) (10,873)
Interest
received		 408 814
Net cash from operating
activities		 371,362 55,214
Cash flows from investing activities
Purchase oftangible assets (23,644) (29,915)
Net cash used
in investing
activities		 (23,644) (29,915)
Cash flows from financing activities
Repayments
of borrowings		 (202,237) (15,098)
Other financing
cash flow ad)ustment		 (165,063)
Net cash used
in financing
activities		 (202,237) (180,161)
Net increase/(decrease)
in		 cash and cash equivalents 145,481 (154,862)
Cash and cash equivalents at beginning ofyear 449,460 604,322
Cash and cash equivalents at end ofyear 594,941 449,460

Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
F C
Donations
Donations from individuals 1,079 1,079 256 256
6. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
F F F E
Assistance of vulnerable adults 1,518,133 1,518,133 1,217,066 1,217,066
7. Other trading activities
Unrestricted Tota I Funds Unrestricted Total Funds
Funds 2020 Funds 2019
F F
Other income from other trading activities 1,891 1,891 2,079 2,079
Property rental income 1,077 1,077 980 980
Government grants receivable 36,707 36,707
39,675 39,675 3,059 3,059
8. Investment income
Unrestricted Tata I Funds Unrestricted Total Funds
Funds 2020 Funds 2019
F F
Bank interest receivable 408 408 814 814
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
E f E
Assistance of vulnerable adults 120,278 120,278 150,203 150,203
Depreciation, amortisation and other similar
costs 48,162 48,162 46,082 46,082
Staff costs 1,058,660 1,058,660 892,777 892,777
Support costs 13,030 13,030 17,053 17,053
1,240,130 1,240,130 1,106,115 1,106,115

10. Expenditure on ch arit a bl e
 activ ities
by activ		 ity ty pe
Activities
undertaken Total funds
directly Support costs 2020 Total fund 2019
E F
Assistance of vulnerable adults 120,278 120,278 150,203
Depreciation, amortisation and other similar
costs 48,162 48,162 46,082
Staff costs 1,058,660 1,058,660 892,777
Governance costs 13,030 13,030 17,053
1,227,100 13,030 1,240,130 1,106,115
11. Net income
Net income is stated after charging/(crediting):
2020 2019
E
Depreciation oftangible fixed assets 48,162 46,082
12. Auditors
remuneration
2020 2019
Fees payable for the audit of the financial statements 6,489 6,180
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2020 2019
f.
Wages and salaries 968,875 827,577
Social security costs 70,543 51,670
Employer
contributions		 to pension plans 19,242 13,530
1,058,660 892,777
The average head count of employees
during		 the year was 49 (20l9: 45). The average
number		 of full-time
equivalent
employees		 during the year is analysed as follows
2020 2019
No. No.
Number
of employees		 47 43
Number
oftrustees		 2 2
49 45

Tangible fixed assets
Freehold Plant 8
property machinery Motor vehicles Total
E
Cost
At 1 January 2020 1,998,700 91,347 49,975 2,140,022
Additions 12,783 1,996 8,865 23,644
At 31 December 2020 2,011,483 93,343 58,840 2,163,666
Depreciation
At 1 January 2020 255,550 74,905 35,013 365,468
Charge for the year 40,861 2,765 4,536 48,162
At 31 December 2020 296,41 'I 77,670 39,549 413,630
Carrying
amount
At 31 December 2020 1,715,072 15,673 19,291 1,750,036
At 31 December 2019 1,743,150 16,442 14,962 1,774,554
Debtors
2020 2019
f. E
Trade debtors 33,633 28,488
Other debtors 10,976 9,767
44,609 38,255

17. Creditors: amounts falling due within one year
2020 2019
F E
Bank loans and overdrafts (secured) 15,564
Trade creditors 163 1,420
Social security and other taxes 1
Other creditors 66,418 54,771
66,581 71,756
18. Creditors: amounts falling due after more than one year
2020 2019
Bank loans and overdrafts (secured) 186,673

Unrestri c ted
funds
At
At Prior year 31 December
1 January 2020 Income Expenditure adjustments 2020
F E F F
General funds 2,003,840 1,559,295 (1,240, 130) 2,323,005
At
1 At
January 2019		 Income Expenditure Prior year
adjustments		 31 December 2
019
C E
Genera I funds 1,931 822 1.221,195 (1,106,115) (43,062) 2,003,840

Analysis of net as se ts between
funds
Unrestricted Total Funds
Funds 2020
E
Tangible fixed assets 1,750,036 1,750,036
Current assets 639,550 639,550
Creditors less than 1 year (66,581) (66,581)
Creditors greater than 1 year
Net assets 2,323,005 2,323,005
Unrestncted Total Funds
Funds 2019
E F
Tangible fixed assets 1,774,554 1,774,554
Current assets 487,715 487,715
Creditors less than 1 year (71,756) (71,756)
Creditors greater than 1 year (186,673) (186,673)
Net assets 2,003,840 2,003,840

Analy sis of chang es
in net debt
At
At 1 Jan 2020 Cash flows 31 Dec 2020
E
Cash at bank and in hand 449,460 145,481 594,941
Debt due within one year (15,564) 15,564
Debt due after one year (186,673) 186,673
247,223 347,718 594,941

2020 2019
E
Income and endowments
Donations
and legacies
Donations
from individuals		 1,079 256
Charitable
activities
Assistance
of vulnerable		 adults 1,518,133 1,217,066
Other trading
activities
Other income from other trading activities 1,891 2,079
Property
rental
income		 1,077 980
Government
grants
receivable		 36,707
39,675 3,059
Investment
income
Bank interest receivable 408 814
Total income 1,559,295 1,221,195
Expenditure
Expenditure
on charitable		 activities
Purchases 31,619 34,887
Wages and salaries 968,875 827,577
Employer's
NIC		 70,543 51,670
Pension costs 19,242 13,530
Rates and water 6,001 11,563
Light and heat 14,230 15,294
Repairs and maintenance 16,983 32,507
Insurance 12,283 12,057
Training 11,130 9,862
Motor vehicle expenses
Legal and professional		 fees 9.004
12,642		 18,355
12,505
Telephone
and computer		 8,175 7,105
Other office costs 4,700 2,248
Depreciation 48,162 46,082
Other interest
payable		 and similar charges 6,541 10,873
1,240,130 1,106,115
Tota I expenditure 1,240,130 1,106,115
Net income 319,165 115,080

2020 2019
E
Expenditure
on charitable		 activities
Assistance
of vulnerable		 adults
Activities undertaken directly
Purchases
Rates and water		 31,619
6,001		 34,887
11,563
Light and heat 14,230 15,294
Repairs and maintenance 16,983 32,507
Insurance 12,283 12,057
Training 11,130 9,862
Motor vehicle expenses
Legal and professional		 fees 9,004
6,153		 18,355
6,325
Telephone
and computer		 8,175 7,105
Other office costs 4,700 2,248
120,278 150,203
Depreciation,
amortisation		 and other similar costs
Acti vities undertaken directly
Depreciation 48,162 46,082
Staff costs
Activities
undertaken		 directly
Wages 968,875 827,577
Employer's
NIC		 70,543 51,670
Pension costs 19,242 13,530
1,058,660 892,777
Governance
costs
Audit fees 6,489 6,180
Governance
costs
—other finance costs		 6,541 10,873
13,030 17,053
Expenditure
on charitable		 activities 1,240,130 1,106,115