## ## ## ## ||||||||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|