## **Constantine Enterprises Company**
A company limited by guarantee.
## **Charity No. 1071856**
**Company No. 03554035**
**Trustees' Report and Unaudited Accounts**
**30 September 2021**
Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS
**Constantine Enterprises Company CONTENTS**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 5||
|Independent Examiner's Report||6|
|Statement of Financial Activities||7|
|Balance Sheet||8|
|Notes to the Accounts|9 to|17|
Page 1
**Constantine Enterprises Company TRUSTEES ANNUAL REPORT**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 03554035**
## **Charity No. 1071856**
## **Registered Office**
The Tolmen Centre Fore Street Constantine Falmouth TR11 5AA
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
Barbara Pugh Caitlin DeSilvey Charles Pugh Christopher Hussey Douglas Jeffries Eleanor Carson nee Rawlence Gerelyn Blackstone-Karapanos Gia Shaw Jeff Meadows Peter Tatham Richard Thomas Tracey Clowes
## **Company Secretary**
Charles Pugh
## **Accountants**
Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS
Page 2
**Constantine Enterprises Company TRUSTEES ANNUAL REPORT**
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2021.
## **OBJECTIVES AND ACTIVITIES**
The first and principal objective is to progress projects for the benefit of the village community and the parish of Constantine.
Volunteers:
The successful running of the charity depends on the immense time contribution provided by a large body of volunteers. The work that they carry out in administration duties, fundraising, organising events and operating the Tolmen Centre enables the charity to achieve its objectives.
## **ACHIEVEMENTS AND PERFORMANCE**
The charity continued its main objective to promote and progress initiatives for the benefit of the village community. The year to 30/9/2021 was blighted by the Covid pandemic which severely impacted our charitable activities. Many – indeed most - of our activities were prevented by lockdown and other measures, though the situation did appear to improve during the latter part of 2021.
During the year, in spite of restrictions, the Charity continued to develop and improve Bosahan Woods for the village community, helped by plentiful volunteer help and and generous charitable donations.
A plan to take a tenancy of the Glebe Garden as a community facility has also come to fruition and work is starting with a group of committed helpers to bring the Glebe Garden back into shape as a community asset. Funds have been raised and some expenses incurred – largely associated with setting up the tenancy, arranging insurance.
The Tolmen Centre - which has been a principal focus of delivery for the charity – was effectively closed from March 2020 onwards and was limited in what could be achieved as long as restrictions prevented its main function as an Arts and Community Centre. We have benefited from various grants available to the Retail Hospitality and Leisure sector and these have kept us financially solvent in spite of lack of trading income.
During the summer and early autumn of 2021 a small programme of events took place, with a tentative restart of public performances, albeit with covid protocols impinging on audience sizes and many precautionary conditions applied to all events.
From the end of the financial year onwards (from 1st October 2021) we managed a full programme of events as the pandemic moved towards its next iteration.
Financially, the year to 30/9/21 reflected the much reduced level of activity, but with the support of Council administered grants, we remained solvent.
Page 3
**Constantine Enterprises Company TRUSTEES ANNUAL REPORT**
Much has been achieved in renovation and improvement to the Tolmen Centre building itself – the Car Park was resurfaced, and the project to renovate the roof was completed during the year. Work in this direction will continue as funds permit.
We continue to operate almost entirely based on volunteer help, given in large volumes by a wide range of individuals for the good of the community. Grateful thanks are extended to all the helpers whose time so freely given allows this to happen. Though many of our activities have been prevented, a small core of helpers have kept things going – most especially with the Tolmen Centre building renovation project. We look forward to rebuilding our charitable activities as the restrictions caused by Covid are eased.
## **FINANCIAL REVIEW**
Trustees investment powers: The Trustees have the power to invest the company’s funds as deemed appropriate.
Risk management:
Both CEC and TOC have undertaken a review of risks to which the Charity is exposed. There is an ongoing process of Risk Assessment at all levels of the operation. In addition, a full insurance policy is in operation to cover the activities and assets of the Charity and a separate policy covers the activities of the Trustees.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Constantine Enterprise Company is a charitable company limited by guarantee not having a share capital. It was incorporated on 28th April 1998 and is governed by its memorandum and articles. It has been registered as a Development Trust. The charity was registered with the Charities Commission on 6th October 1998.
The trust is run on a voluntary basis by the elected trustees. The members at the AGM appoint the trustees who hold at least three meetings throughout the year. The Company (CEC) is run by the trustees with decisions being taken at these board meetings. The Trust must be run with no fewer than three trustees and at least one third of the appointed trustees must be present to be quorum. The trustees appoint the Chairman. All trustees have one vote at board meetings and were equality of votes arises the Chairman shall have the casting vote. All members over the age of eighteen are eligible to put themselves forward as trustees. All trustees are appointed by the board and approved at the AGM. New trustees are inducted into the working of the charity.
There are two principal organising groups –the CEC and its wholly owned subsidiary the TOC. Each has a board of directors (trustees). The membership of the CEC board is printed at the start of this report. The TOC Directors at 30 September 2021 were Mr J Welch, Mr C Pugh, Mrs T Clowes, Ms S Spens ,Mrs B Pugh, Mr D Jeffries and Mr T Beattie. Separate accounts for the TOC as well as the accounts for the CEC are to be presented at the joint AGM in May 2022.
## **TRUSTEE RESPONSIBILITIES**
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
**Constantine Enterprises Company TRUSTEES ANNUAL REPORT**
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Charles Pugh Company Secretary and Trustee 07 April 2022
Page 5
**Constantine Enterprises Company INDEPENDENT EXAMINERS REPORT**
## **Independent Examiner's Report to the trustees of Constantine Enterprises Company**
I report to the charity trustees on my examination of the accounts of Constantine Enterprises Company for the year ended 30 September 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act).
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Debbie Risborough Association of Chartered Certified Accountants Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall
TR15 1LS 07 April 2022
Page 6
## **Constantine Enterprises Company STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 30 September 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Investments
6
**Total**
**Expenditure on:**
Charitable activities
7
**Total**
Net gains on investments
**Net income**
8
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestrict**
**ed funds**
**2021**
**£**
670
23,354
3|**Restricted**
**funds**
**2021**
**£**
3,525
-
-|**Total**
**funds**
**2021**
**£**
4,195
23,354
3|**Total**
**funds**
**2020**
**£**
26,157
37,570
442|
|---|---|---|---|---|
||24,027
7,527|3,525
5,048|27,552
12,575|64,169
35,400|
||7,527
-|5,048
-|12,575
-|35,400
-|
||16,500|(1,523)|14,977|28,769|
||16,500|(1,523)|14,977|28,769|
||16,500
38,833|(1,523)
147,066|14,977
185,899|28,769
157,130|
||55,333|145,543|200,876|185,899|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Page 7
## **Constantine Enterprises Company BALANCE SHEET at 30 September 2021**
|**Company No. 03554035**
**Notes**
**2021**
**£**
**Fixed assets**
Tangible assets
9
128,636
Investments
10
1
128,637
**Current assets**
Debtors
11
6,845
Cash at bank and in hand
65,879
72,724
**Creditors:**Amount falling due within one year
12
(485)
**Net current assets**
72,239
**Total assets less current liabilities**
200,876
**Net assets excluding pension asset or liability**
200,876
**Total net assets**
200,876
**The funds of the charity**
**Restricted funds**
13
Restricted income funds
145,543
145,543
**Unrestricted funds**
13
General funds
50,723
Designated funds
4,610
55,333
**Reserves**
13
**Total funds**
200,876|**2020**
**£**
75,654
1|
|---|---|
||75,655
6,921
103,773|
||110,694
(450)|
||110,244
185,899|
||185,899|
||185,899|
||147,066|
||147,066
34,223
4,610|
||38,833|
||185,899|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 September 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 07 April 2022
And signed on its behalf by:
Charles Pugh Trustee 07 April 2022
Page 8
**Constantine Enterprises Company NOTES TO THE ACCOUNTS**
## **for the year ended 30 September 2021**
## 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The charity constitutes a public benefit entity as defined by FRS102.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year.
A prior year adjustment has been made in relation to grant income received in 2019/20 that had previously been allocated as funds for the charities subsidiary The Tolmen Operating Company Ltd. These changes are:
|Ltd. These changes are:|Ltd. These changes are:|
|---|---|
|Previous filed accounts carried forward unrestricted reserves £34,885||
|Additional grant income|£10,000|
|Reduced investment income from subsidiary|(£6,052)|
|Adjusted unrestricted reserves|£38,833|
|Previous filed accounts carried forward restricted reserves £143,066||
|Additional grant income|£4,000|
|Adjusted restricted reserves|£147,066|
## **Fund accounting**
Unrestricted These are available for use at the discretion of the trustees in furtherance of the funds general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation These are unrestricted funds which include a revaluation reserve representing funds the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Page 9
**Constantine Enterprises Company NOTES TO THE ACCOUNTS**
||**Constantine Enterprises**
**Company**
**NOTES TO THE ACCOUNTS**|
|---|---|
|**Income**||
|Recognition of|Income is included in the Statement of Financial Activities (SoFA) when the|
|income|charity becomes entitled to, and virtually certain to receive, the income and the|
||amount of the income can be measured with sufficient reliability.|
|Income with|Where income has related expenditure the income and related expenditure is|
|related|reported gross in the SoFA.|
|expenditure||
|Donations and|Voluntary income received by way of grants, donations and gifts is included in|
|legacies|the the SoFA when receivable and only when the Charity has unconditional|
||entitlement to the income.|
|Tax reclaims on|Income from tax reclaims is included in the SoFA at the same time as the|
|donations and|gift/donation to which it relates.|
|gifts||
|Donated services|These are only included in income (with an equivalent amount in expenditure)|
|and facilities|where the benefit to the Charity is reasonably quantifiable, measurable and|
||material.|
|Volunteer help|The value of any volunteer help received is not included in the accounts.|
|Investment|This is included in the accounts when receivable.|
|income||
|Gains/(losses) on|This includes any gain or loss resulting from revaluing investments to market|
|revaluation of|value at the end of the year.|
|fixed assets||
|Gains/(losses) on|This includes any gain or loss on the sale of investments.|
|investment assets||
|**Expenditure**||
|Recognition of|Expenditure is recognised on an accruals basis. Expenditure includes any VAT|
|expenditure|which cannot be fully recovered, and is reported as part of the expenditure to|
||which it relates.|
|Expenditure on|These comprise the costs associated with attracting voluntary income,|
|raising funds|fundraising trading costs and investment management costs.|
|Expenditure on|These comprise the costs incurred by the Charity in the delivery of its|
|charitable|activities and services in the furtherance of its objects, including the making of|
|activities|grants and governance costs.|
|Grants payable|All grant expenditure is accounted for on an actual paid basis plus an accrual|
||for grants that have been approved by the trustees at the end of the year but not|
||yet paid.|
|Governance costs|These include those costs associated with meeting the constitutional and|
||statutory requirements of the Charity, including any audit/independent|
||examination fees, costs linked to the strategic management of the Charity,|
||together with a share of other administration costs.|
|Other|These are support costs not allocated to a particular activity.|
|expenditure||
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
Page 10
**Constantine Enterprises Company NOTES TO THE ACCOUNTS**
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 5% Straight line Plant and machinery 33% Straight line Museum fittings & 33% Straight line equipment Fixture & fittings 20% Reducing balance
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Page 11
**Constantine Enterprises Company NOTES TO THE ACCOUNTS**
## **Statement of cash flows**
The charity is exempt from preparing a statement of cash flows on the grounds that it is a small charity
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments**
**from:**
Donations and legacies
Charitable activities
Investments
**Total**
**Expenditure on:**
Charitable activities
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**2020**
**£**
-
11,332
442
11,774
7,175
7,175
4,599
4,599
4,599
31,448
36,047|**Restricted**
**funds**
**2020**
**£**
26,157
26,238
-
52,395
28,225
28,225
24,170
24,170
24,170
125,682
149,852|**Total**
**funds**
**2020**
**£**
26,157
37,570
442|
|---|---|---|---|
||||64,169
35,400|
||||35,400|
||||28,769|
||||28,769|
||||28,769
157,130|
||||185,899|
Page 12
## **Constantine Enterprises Company NOTES TO THE ACCOUNTS**
|4
**Income from donations and**
**legacies**
Other donations
Building fund donations
Glebe donations
Bosahan Woods
donations
5
**Income from charitable activities**
Grant Income:
Cornwall Council covid
grants
Bernard Sunley
Foundation building
grant
Garfield Weston grant
Power to Change grant
Tanner Trust
Primary Purpose
Trading:
Museum
Tolmen Centre
Bosahan Woods
Other
6
**Income from investments**
Gift Aid from TOC
Interest|**Unrestricted**
**£**
670
-
-
-
670|**Restricted**
**£**
-
2,090
1,435
-
3,525
**Unrestricted**
**£**
16,264
5,000
-
-
-
890
1,200
-
-
23,354
**Unrestricted**
**£**
-
3
3|**Total**
**2021**
**£**
670
2,090
1,435
-
4,195
**Total**
**2021**
**£**
16,264
5,000
-
-
-
890
1,200
-
-
23,354
**Total**
**2021**
**£**
-
3
3|**Total**
**2020**
**£**
2,786
15,100
-
8,271|
|---|---|---|---|---|
|||||26,157|
|||||**Total**
**2020**
**£**
10,000
-
10,000
8,000
8,000
22
1,200
238
110|
|||||37,570|
|||||**Total**
**2020**
**£**
385
57|
|||||442|
Page 13
**Constantine Enterprises Company NOTES TO THE ACCOUNTS**
## **Expenditure on charitable** 7 **activities**
|_Direct expenditure on_
_charitable activities_
Museum Collection
Bosahan Woods
Glebe
_Support Costs_
Insurance
Repairs & renewals
Licences
Subscriptions
sundry expenses
Depreciation
_Governance costs_
Cost of trustee meetings
8
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee
9
**Tangible fixed assets**
**Land and**
**buildings**
**£**
**Cost or revaluation**
At 1 October 2020
336,437
Additions
57,588
At 30 September 2021
394,025
**Depreciation and**
**impairment**
At 1 October 2020
262,072
Depreciation charge for
the year
4,365
At 30 September 2021
266,437
**Net book values**
At 30 September 2021
127,588
At 30 September 2020
74,365|**Unrestricted**
**£**
300
364
-
550
4,907
180
250
164
327
485
7,527
**Plant and**
**machinery**
**£**
4,382
-
4,382
4,382
-
4,382
-
-|**Restricted**
**£**
-
-
769
-
-
-
-
-
4,279
-
5,048
**2021**
**£**
4,606
485
**Museum**
**fittings &**
**equipment**
**£**
23,126
-
23,126
23,126
-
23,126
-
-|**Total**
**2021**
**£**
300
364
769
550
4,907
180
250
164
4,606
485
12,575
**Fixture &**
**fittings**
**£**
22,501
-
22,501
21,212
241
21,453
1,048
1,289|**Total**
**2020**
**£**
663
6,620
-
235
13,463
180
-
381
13,408
450|
|---|---|---|---|---|
|||||35,400|
|||||**2020**
**£**
13,408
450
**Total**
**£**
386,446
57,588|
|||||444,034|
|||||310,792
4,606|
|||||315,398|
|||||128,636|
|||||75,654|
Page 14
## **Constantine Enterprises Company NOTES TO THE ACCOUNTS**
## 10 **Investments**
|**Cost or revaluation**
At 1 October 2020
At 30 September 2021
**Net book values**
At 30 September 2021
At 30 September 2020
11 **Debtors**
Amounts owed by group
undertakings
VAT recoverable
Prepayments and accrued income
12 **Creditors:**
amounts falling due within one year
Accruals and deferred income|**2021**
**£**
6,437
228
180
6,845
**2021**
**£**
485
485|**Investment**
**in TOC**
**£**
1
1
1
1|**Total**
**£**
1|
|---|---|---|---|
||||1|
||||1|
||||1|
||||**2020**
**£**
6,437
304
180|
||||6,921|
||||**2020**
**£**
450|
||||450|
Page 15
## **Constantine Enterprises Company NOTES TO THE ACCOUNTS**
## 13 **Movement in funds**
|**Restricted funds:**
**Restricted income**
**funds:**
Extension Fund
Renovation Fund
Bosahan Woods
Roof & Building Fund
Glebe
_Total_
**Unrestricted funds:**
**General funds**
**Designated funds:**
Museum Collection
Transition Group
_Total_
**Revaluation Reserves:**
**Total funds**|**At 1**
**October**
**2020**
70,000
4,279
39,884
32,903
-
147,066
34,223
4,535
75
4,610
185,899|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
-
-
-
2,090
1,435
3,525
24,027
-
-
-
27,552|**Resources**
**expended**
**£**
-
(4,279)
-
-
(769)
(5,048)
(7,527)
-
-
-
(12,575)|**At 30**
**Septembe**
**r 2021**
**£**
70,000
-
39,884
34,993
666|
|---|---|---|---|---|
|||||145,543|
|||||50,723
4,535
75|
|||||4,610|
||||||
|||||200,876|
Purposes and restrictions in relation to the funds:
Restricted funds: Extension Fund Capital cost of extension Renovation Fund Capital renovation costs Bosahan Woods All costs and income related to Bosahan Woods Roof & Building Fund Fund to cover building improvements and new roof for the Tolmen Centre Glebe Costs and income relating to Glebe Gardens
Designated funds: Museum Collection Transition Group
Page 16
**Constantine Enterprises Company NOTES TO THE ACCOUNTS**
## **Analysis of net assets between** 14 **funds**
|**Analysis of net assets between**
**funds**
||||
|---|---|---|---|
|Fixed assets
Investments
Net current assets|**Unrestricted**
**funds**
**£**
24,857
1
30,475
55,333|**Restricted**
**funds**
**£**
103,779
-
41,764
145,543|**Total**
**£**
128,636
1
72,239|
||||200,876|
## 15 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 17
## **Constantine Enterprises Company DETAILED STATEMENT OF for the year ended 30 September 2021 FINANCIAL ACTIVITIES**
|**Income and endowments from:**
Donations and legacies
Other donations
Building fund donations
Glebe donations
Bosahan Woods donations
Charitable activities
Grants
Cornwall Council covid grants
Bernard Sunley Foundation
building grant
Garfield Weston grant
Power to Change grant
Tanner Trust
Primary Purpose Trading
Museum
Tolmen Centre
Bosahan Woods
Other
Investments
Gift Aid from TOC
Interest
**Total income and endowments**
**Expenditure on:**
Charitable activities
Museum Collection
Bosahan Woods
Glebe
Support costs|**Unrestricte**
**d funds**
**2021**
**£**
670
-
-
-
670
16,264
5,000
-
-
-
890
1,200
-
-
23,354
-
3
3
24,027
300
364
-
664
-
-
-
-
-
-
-|**Restricted**
**funds**
**2021**
**£**
-
2,090
1,435
-
3,525
-
-
-
-
-
-
-
-
-
-
-
-
-
3,525
-
-
769
769
-
-
-
-
-
-
-|**Total funds**
**2021**
**£**
670
2,090
1,435
-
4,195
16,264
5,000
-
-
-
890
1,200
-
-
23,354
-
3
3
27,552
300
364
769
1,433
-
-
-
-
-
-
-|**Total funds**
**2020**
**£**
2,786
15,100
-
8,271|
|---|---|---|---|---|
|||||26,157|
|||||10,000
-
10,000
8,000
8,000
22
1,200
238
110|
|||||37,570|
|||||385
57|
|||||442|
|||||64,169
663
6,620
-|
|||||7,283|
|||||-
-
-
-
-
-
-|
Page 18
|-
-
Insurance
550
-
Repairs & renewals
4,907
-
-
-
-
-
Licences
180
-
-
-
Subscriptions
250
-
-
-
sundry expenses
164
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Depreciation
327
4,279
Sub total support costs
6,378
4,279
Governance costs
Cost of trustee meetings
485
-
485
-
**Total of expenditure on charitable**
**activities**
7,527
5,048
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
machinery
-
-
Depreciation of Museum fittings
& equipment
-
-
Depreciation of Fixture & fittings
-
-
**Total expenditure**
7,527
5,048
Net gains on investments
-
-
**Net income**
16,500
(1,523)
**Net income before other**
**gains/(losses)**
16,500
(1,523)
Other Gains
-
-
**Net movement in funds**
16,500
(1,523)
**Constantine Enterprises**
**Company**
**DETAILED STATEMENT OF**
**FINANCIAL ACTIVITIES**|-
550
4,907
-
-
180
-
250
-
164
-
-
-
-
-
-
-
4,606
10,657
485
485
12,575
-
-
-
12,575
-
14,977
14,977
-
14,977|-
235
13,463
-
-
180
-
-
-
381
-
-
-
-
-
-
-
13,408|
|---|---|---|
|||27,667|
|||450|
|||450|
|||35,400
-
-
-
35,400
-|
|||28,769|
|||28,769
-|
|||28,769|
Page 19