## ## ## ||||||||Pages| |---|---|---|---|---|---|---|---| |Trustees'|annual
report (incorporating|||the|director's|report)|1 to 6| |Independent
auditor's||report to the members|||||7to 10| |Statement|offinancial|activities|(including||income and expenditure||| |account)|||||||| |Statement|offinancial|position|||||12| |Statement|ofcash flows||||||13| |Notes to the financial||statements|||||14to 21| ## ## ## ## ## |Reference|and administrative|and administrative|and administrative|details|||||| |---|---|---|---|---|---|---|---|---|---| |Registered|charity|name|||The Carningli||Trust Ltd||| |Charity registration||number|||517066||||| |Company|registration||number||1953474||||| |Principal office and||registered|||Panteg||||| |office|||||Llangynin
Road||||| ||||||StClears||||| ||||||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 &Co|I|td||| ||||||Chartered
Accountants|||&Statutory|Auditor| ||||||Hamilton
House||||| ||||||Hamilton
Terrace||||| ||||||Milford Haven||||| ||||||Pembrokeshire||||| ||||||SA73 3JP||||| |Bankers|||||National
Westminster|||Bank Pic|| ||||||250 Regent|Street|||| ||||||london||||| ||||||W18 3BN||||| |Solicitors|||||Darwin
Bowie||Solicitors||| ||||||24 High Street||||| ||||||Narberth||||| ||||||Pembrokeshire||||| ||||||SA67 7AR||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Year ended 31 Dece|mber|2022||||| |---|---|---|---|---|---|---| |||||2022||2021| |||||Unrestricted||| |||||funds|Totalfunds|Total funds| ||||Note|6|8|| |Income and endowments||||||| |Donations
and legacies|||5|6,037|6,037|102| |Charitable
activities|||8|1,656,333|1,656,333|1,568,454| |Other trading
activities|||7|3,992|3,992|39,256| |Investment
income|||8|2,576|2,576|79| |Other income|||9|||2,450| |Total income||||1,668,938|1,668,938|1,610,341| |Expenditure||||||| |Expenditure
on charitable|activities||10,11|(1,397,143)|(1,397,143)|(1,284,631)| |Total expenditure||||(1,397,143)|(1,397,143)|(1,284,631)| |Net income and net movement||in funds||271,795|271,795|325,710| |Reconciliation
offunds||||||| |Total funds brought
forward||||2,648,715|2,648,715|2,323,005| |Total funds carried forward||||2,920,510|2,920,510|2,648,715| ## ## ## ## ||||2022|2021| |---|---|---|---|---| |||Note|6|6| |Fixed assets||||| |Tangible fixed assets||16|1,754,399|1,737,746| |Current assets||||| |Debtors||17|41,535|37,722| |Cash at bank and
in|hand||1,220,657|978,222| ||||1,262,192|1,015,944| |Creditonu
amounts|falling due within one year|18|(56,125)|(63,975)| |Net current assets|||1,206,067|951,969| |Total assets less current liabilities|||2,960,466|2,689,715| |Creditors: amounts|falling due after more than one year|19|(39,956)|(41,000)| |Net assets|||2,920,510|2,648,715| |Funds ofthe charity||||| |Unrestricted
funds|||2,920,510|2,648,715| |Total charity funds||22|2,920,510|2,648,715| ## ## ## ## |Company
Limited by Guarantee
Statement ofCash Flows
Year ended 31 December 2022|||| |---|---|---|---| |||2022
f|2021
f| |Cash flows from operating
activities|||| |Net income||271,795|325,710| |Adjustments
for:|||| |Depreciation oftangible
fixed assets||50,828|48,585| |Other interest receivable and similar income||(2,576)|(79)| |Interest payable and similar charges||2,984|2,987| |Gains on disposal oftangible
fixed assets|||(2,450)| |Changes
in:|||| |Trade and other debtors||(3,813)|6,887| |Trade and other creditors||(8,894)|38,394| |Cash generated
from operations||310,324|420,034| |Interest paid||(2,984)|(2,987)| |Interest received||2,576|79| |Net cash from operating
activities||309,916|417,126| |Cash flows from investing
activities|||| |Purchase
oftangible assets||(67,481)|(46,846)| |Proceeds from sale oftangible assets|||13,001| |Net cash used
in investing
activities||(67,481)|(33,845)| |Net increase
in cash and cash equivalents||242,435|383,281| |Cash and cash equivalents
at beginning|ofyear|978,222|594,941| |Cash and cash equivalents
at end ofyear||1,220,657|978,222| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |5.|Donations|and legacies|||||||| |---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds|2022|Funds|2021| |||||||E|E|6|E| ||Donations||||||||| ||Donations|from indwiduals||||6,037|6,037|102|102| |6.|Charitable|activities|||||||| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds|2022|Funds|2021| ||||||||E|E|E| ||Assistance|ofvulnerable|adults|||1,656,333|1,656,333|1,568,454|1,568,454| |7.|Other trading activities||||||||| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds|2022|Funds|2021| |||||||E|E|E|E| ||Other income from other||trading||activities|1,598|1,598|1,803|1,803| ||Property
rental income|||||1,315|1,315|1,402|1,402| ||Government|grants receivable||||1,079|1,079|36,051|36,051| |||||||3,992|3,992|39,256|39,256| |8.|Investment|income|||||||| |||||||Unrestricted|TotalFunds|Unrestricted|Total Funds| |||||||Funds|2022|Funds|2021| |||||||E|||E| ||Bank interest receivable|||||2,576|2,576|79|79| |9.|Other income||||||||| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds|2022|Funds|2021| |||||||E|E|E|E| ||Gain on disposal oftangible|||fixed assets|||||| ||held for charity's
own use|||||||2,450|2,450| ## ## ## ## ## ## |10.|Expenditure||on charita|ble||activiti|es
by fu|nd type|||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||||Funds|2022|Funds|2021| |||||||||f||E|f| ||Assistance|of|vulnerable|adults||||159,947|159,947|139,847|139,847| ||Depreciation,||amortisation||and other similar||||||| ||costs|||||||50,828|50,828|48,585|48,565| ||Staff costs|||||||1,175,889|1,175,889|1,086,398|1,086,398| ||Support costs|||||||10,479|10,479|9,801|9,801| |||||||||1,397,143|1,397,143|1,284,631|1,284,631| |11.|Expenditure||on charitable|||activities by activity type|||||| |||||||||Activities|||| |||||||||undertaken||Total funds|| |||||||||directly|Support costs
E|2022
8|Total fund 2021
f| ||Assistance|of|vulnerable|adults||||159,947||159,947|139,847| ||Depreciation,
costs||amortisation||and other similar|||50,828||50,828|48,585| ||Staff costs|||||||1,175,889||1,175,889|1,086,398| ||Governance|costs|||||||10,479|10,479|9,801| |||||||||1,386,664|10,479|1,397,143|1,284,631| |12.|Net income||||||||||| ||Net income|is|stated afier charging/(crediting):||||||||| |||||||||||2022|2021| |||||||||||R|| ||Depreciation|oftangible||fixed assets||||||so,e28|48,585| ||Gains on disposal oftangible|||||fixed|assets||||(2,450)| |13.|Auditors
remuneration||||||||||| |||||||||||2022
f|2021
f.| ||Fees payable||for the audit||ofthe financial statements|||||7,495|6,814| |14.|Sta» costs||||||||||| ||The total staff costs and|||employee|||benefits|for the reporting|period are analysed|as follows:
2022|2021| |||||||||||8|f| ||Wages and salaries
Social security costs
Employer
contributions|||to|pension||plans|||1,062,718
91,309
21,862|989,624
78,081
18,693| |||||||||||1,175,889|1,086,398| ## ## ## ## ## ## ## ## ## |Tangible fixed assets||||| |---|---|---|---|---| ||Freehold|Plant &||| ||property|machinery|Motor vehicles|Total| ||E|E|E|| |Cost||||| |At 1 January 2022|2,043,764|95,348|58,840|2,197,952| |Additions|56,830|1,651|9,000|67,481| |At 31 December 2022|2,100,594|96,999|67,840|2,265,433| |Depreciation||||| |At 1 January 2022|335,799|80,322|44,085|460,206| |Charge for the year|42,440|2,501|5,887|50,828| |At 31December 2022|378,239|82,823|49,972|511,034| |Carrying
amount
At 31 December 2022|1,722,355|14,176|17,868|1,754,399| |At 31 December 2021|1,707,965|15,026|14,755|1,737,746| |Debtors||||| ||||2022|2021| ||||E|E| |Other debtors|||41,535|37,722| ## ## ## ## ## |Creditor: amounts|falling due within one year||| |---|---|---|---| |||2022|2021| |||E|E| |Other creditors||56,125|63,975| |Creditors: amounts|falling due after more than one year||| |||2022|2021| |||E|E| |Accruals and deferred|income|39,956|41,000| ## ## ## ## ## ||The amounts|recogni|sed|in the financia|l
statem|ents
for governme|nt
grants are|as follows:|| |---|---|---|---|---|---|---|---|---|---| |||||||||2022|2021| |||||||||E|E| ||Recognised|in creditors:|||||||| ||Deferred government||grants due after||more than one year|||39,956|41,000| |22.|Analysis of|charitable||funds|||||| ||Unrestricted|funds|||||||| ||||||||||At| |||||||At|||31 December| ||||||1|January 2022|Income|Expenditure|2022| |||||||E|E.|E|E| ||General funds|||||2,648,715|1,668,938|(1,397,143)|2,920,510| ||||||||||At| |||||||At|||31 December| ||||||1|January 2021|Income|Expenditure|2021| |||||||E||E|F| ||General funds|||||2,323,005|1,610,341|(1,284,631)|2,648,715| ## ## ## ## |23.|Analysis ofnet a|sse|ts between funds||||| |---|---|---|---|---|---|---|---| |||||||Unrestricted|TotalFunds| |||||||Funds
f|2022| ||Tangible fixed assets|||||1,754,399|1,754,399| ||Current assets|||||1,262,192|1,262,192| ||Creditors less than|1|year|||(56,125)|(56,125)| ||Creditors greater than||1 year|||(39,956)|(39,956)| ||Net assets|||||2,920,510|2,920,510| |||||||Unrestricted|Total Funds| |||||||Funds|2021| ||||||||f| ||Tangible fixed assets|||||1,737,746|1,737,746| ||Current assets|||||1,015,944|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| |24.|Analysis ofchanges||in net debt||||| ||||||||At| |||||At|1 Jan 2022|Cash flows|31 Dec 2022| ||||||6|6|| ||Cash at bank and|in hand|||978,222|242,435|1,220,657|