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||||||||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|
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|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||||
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|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|
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|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|
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|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|
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|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|||
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|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|
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|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|
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|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|
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|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||
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|---|---|---|---|---|---|
|||||F||
|Amount|released|to|income|41,000||
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|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|
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|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|