2021-12-31-accounts

							Pages
Trustees'	annual report (incorporating			the	director's	report)	1 to 6
Independent auditor's		report to the members					7 to 10
Statement	of financial	activities	(including		income	and expenditure
account)
Statement	of financial	position					12
Statement	of cash flows						13
Notes to	the financial	statements					14to 22

Reference	and adm	inistrative det	inistrative det	ails
Registered	charity	name		The Carningli	Trust Ltd
Charity registration		number		517066
Company	registration		number	1953474
Principal office and		registered		Panteg
office				Llangynin Road
				St Clears
				Carmarthen
				Dyfed
				SA334JR
The trustees
				V. Arnall
				H. K. Coram
				A, E, Hancock
				J. L. Hancock
				K.J. May
				T.C. Brown
				W. Shipman
Auditor				Evens 8 Co Ltd
				Chartered Accountants		& Statutory	Auditor
				Hamilton House
				Hamilton Terrace
				Milford Haven
				Pembrokeshire
				SA73 3JP
Bankers				National Westminster		Bank Pic
				250 Regent Street
				London
				W1B 3BN
Solicitors				Darwin Bowie	Solicitors
				24 High Street
				Narberth
				Pembrokeshire
				SA67 7AR

Year ended 31 Dece	mber	2021
				2021		2020
				Unrestricted
				funds	Total funds	Total funds
			Note	E
Income and endowments
Donations and legacies				102	102	1,079
Charitable activities				1,568,454	1,568,454	1,518,133
Other trading activities				39,256	39,256	39,675
Investment income				79	79	408
Other income				2,450	2,450
Total income				1,610,341	1,610,341	1,559,295
Expenditure
Expenditure on charitable	activities		10,11	(1,284,631)	(1,284,631)	(1,240,130)
Total expenditure				(1,284,631)	(1,284,631)	(1,240,130)
Net income and net movement		in funds		325,710	325,710	319,165
Reconciliation offunds
Total funds brought forward				2,323,005	2,323,005	2,003,840
Total funds carried forward				2,648,715	2,648,715	2,323,005

31 December 202	1
					2021	2020
				Note
Fixed assets Tangible fixed assets				16	1,737,746	1,750,036
Current assets Debtors Cash at bank and in hand				17	37,722 978,222	44,609 594,941
					1,015,944	639,550
Creditors: amounts	falling	due within	one year		(63,975)	(66,581)
Net current assets					951,969	572,969
Total assets less current		liabilities			2,689,715	2,323,005
Creditors: amounts	falling	due after	more than one year		(41,000)
Net assets					2,648,715	2,323,005
Funds ofthe charity Llnrestricted funds					2,648,715	2,323,005
Total charity funds				23	2,648, 715	2,323,005

Company Limited by Guarantee Statement of Cash Flows Year ended 31 December 2021
		2021	2020
		F	E
Cash flows from operating activities Net income		325,710	319,165
Adjustments for: Depreciation of tangible fixed assets Other interest receivable and similar income		48,585 (79)	48,162 (408)
Interest payable and similar charges Gains on disposal oftangible fixed assets		2,987 (2,450)	6,541
Changesin: Trade and other debtors Trade and other creditors		6,887 38,394	(6,354) 10,389
Cash generated from operations		420,034	377,495
Interest paid Interest received		(2,987) 79	(6,541) 408
Net cash from operating activities		417,126	371,362
Cash flows from investing activities Purchase oftangible assets Proceeds from sale of tangible assets		(46,846) 13,001	(23,644)
Net cash used in investing activities		(33,845)	(23,644)
Cash flows from financing activities Repayments of borrowings			(202,237)
Net cash used in financing activities			(202,237)
Net increase in cash and cash equivalents Cash and cash equivalents at beginning	ofyear	383,281 594,941	145,481 449,460
Cash and cash equivalents at end ofyear		978,222	594,941

5.	Donations and legacies
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds E	2021 f	Funds	2020
	Donations
	Donations from individuals				102	102	1,079	1,079
6.	Charitable activities
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2021 f	Funds	2020
	Assistance of vulnerable	adults			1,568,454	1,568,454	1,518,133	1,518,133
7.	Other trading activities
					Unrestncted	Total Funds	Unrestricted	Total Funds
					Funds	2021 f	Funds	2020
	Other income from other trading Property rental income Government grants receivable			activities	1,803 1,402 36,051	1,803 1,402 36,051	1,891 1,077 36,707	1,891 1,077 36,707
					39,256	39,256	39,675	39,675
8.	Investment income
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2021 f	Funds f	2020
	Bank interest receivable				79	79	408	408
9.	Other income
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2021 f	Funds	2020
	Gain on disposal oftangible held for charity's own use		fixed assets		2,450	2,450

10.	Expenditure	on charitable	on charitable	on charitable		activities	activities	by	fund type
									Unrestricted	Total Funds	Unrestricted	Total Funds
									Funds	2021	Funds	2020
									F
	Assistance	of	vulnerable	adults					139,847	139,847	120,278	120,278
	Depreciation,		amortisation		and other			similar
	costs								48,585	48,585	48,162	48,162
	Staff costs								1,086,398	1,086,398	1,058,660	1,058,660
	Support costs								9,801	9,801	13,030	13,030
									1,284,631	1,284,631	1,240, 'l 30	1,240,130
11.	Expenditure		on charitable			activities		by	activity type
									Activities
									undertaken		Total funds
									directly	Support costs	2021	Total fund 2020
										C	F	E
	Assistance	of	vulnerable	adults					139,847		139,847	120,278
	Depreciation,		amortisation		and other			similar
	costs								48,585		48,585	48,162
	Staff costs								1,086,398		1,086,398	1,058,660
	Governance	costs								9,801	9,801	13,030
									1,274,830	9,801	1,284,631	1,240,130
12.	Net income
	Net income	is	stated after		charging/(crediting).
											2021	2020
												E
	Depreciation	oftangible		fixed assets							48,585	48,162
	Gains on disposal oftangible					fixed	assets				(2,450)
13.	Auditors remuneration
											2021	2020
											E	f
	Fees payable		for the audit		ofthe financial				statements		6,814	6,489
14.	Staff costs
	The total staff costs and			employee			benefits for the reporting			period are analysed	as follows: 2021	2020
											f
	Wages and salaries Social security costs Employer contributions			to	pension		plans				989,624 78,081 18,693	968,875 70,543 19,242
											1,086,398	1,058,660

Staff costs (continued'	Staff costs (continued'	Staff costs (continued'	Staff costs (continued'
The average head count of				employees	during	the year was 47 (2020: 49). The average		number	of full-time
equivalent		employees	during	the year is	analysed		as follows:
							2021		2020
							No.		No.
Number	of	employees						46	47
Number	of	trustees						1	2
								47	49

Tangible fixed assets
	Freehold	Plant 8
	property	machinery	Motor vehicles	Total
	E	E	E
Cost
At 1 January 2021	2,011,484	93,342	58,840	2,163,666
Additions	44,840	2,006		46,846
Disposals	(12,560)			(12,560)
At 31 December 2021	2,043,764	95,348	58,840	2,197,952
Depreciation
At 1 January 2021	296,411	77,670	39,549	413,630
Charge for the year	41,397	2,652	4,536	48,585
Disposals	(2,009)			(2,009)
At 31 December 2021	335,799	80,322	44,085	460,206
Carrying amount
At 31 December 2021	1,707,965	15,026	14,755	1,737,746
At 31 December 2020	1,715,073	15,672	19,291	1,750,036

17.	Debtors
		2021	2020
		E	E
	Trade debtors		33,633
	Other debtors	37,722	10,976
		37,722	44,609

	Other debtors includes	Other debtors includes	an amount	offnil (2020 —anil) falling due after more than one year.	offnil (2020 —anil) falling due after more than one year.
18.	Creditors: amounts	falling due		within	one year
					2021	2020
					E	E
	Trade creditors					163
	Other creditors				63,975	66,418
					63,975	66,581
19.	Creditors: amounts	falling due		after more than one year
					2021	2020
	Accruals and deferred		income		41,000

				2021	2020
				F
Amount	released	to	income	41,000

22.	Government	Government	grants	grants
	The amounts		recognised				in the financial statements	for government		grants are as follows:
											2021	2020
											Z
	Recognised		in	creditors:
	Deferred	government				grants due after more than one year					41,000
23.	Anaiysis	of	charitable				funds
	Unrestricted		funds
												At
									At			31 December
							1 January		2021	Income	Expenditure	2021
												F
	General	funds						2,323,005		1,610,341	(1,284,631)	2,648,715
												At
									At			31 December
							1 January		2020	Income	Expenditure	2020
	General	funds						2,003,840		1,559,295	(1,240,130)	2,323,005
24.	Analysis	of	net assets				between funds
											IJnrestricted	Total Funds
											Funds	2021
	Tangible fixed assets Current assets										1,737,746 1,015,944	1,737,746 1,015,944
	Creditors	less		than	1	year					(63,975)	(63,975)
	Creditors	greater than				1	year				(41,000)	(41,000)
	Net assets										2,648,715	2,648,715
											Llnrestricted	Total Funds
											Funds	2020
												f
	Tangible	fixed		assets							1,750,036	1,750,036
	Current	assets									639,550	639,550
	Creditors less			than	'I	year					(66,581)	(66,581)
	Creditors greater than					1 year
	Net assets										2,323,005	2,323,005

Yea	r ended	31 Decem	31 Decem	ber 2021
25.	Analysis	of changes		in net debt
								At
					At	1 Jan 2021	Cash flows	31 Dec 2021
							E
	Cash at	bank and	in	hand		594,941	383,281	978,222