CREDU CHARITY LTD — Charity Commission profile

01 Identity

Registration and reporting

Registration status: Registered
Reporting status: Suppressed
Charity type: Charitable company
Registered: 30 January 2018
Removed: Not supplied
Company number supplied: 08612175
Financial period: 1 August 2018 – 31 July 2019
Latest income: £508,056
Latest expenditure: £338,795
Gift Aid: No
Owns or uses land: Yes
In administration: No
Insolvent: Yes
CIO: No

Public contact address: MENZIES LLP, UNIT 2, HAVANNAH STREET, CARDIFF, CF10 5SF

02 Activities

What the charity does

Credu is committed to providing learning, educational and employment opportunities for the whole of the community, while preserving and developing recreational spaces for future generations. Through the advancement of education, conservation, improvement and enjoyment of the South Wales coast, Credu will promote the provision of such facilities for the benefit of all.

03 Official extract

Charity Annual Return History

Fin Period Start Date: 1 August 2024
Fin Period End Date: 31 July 2025
Ar Cycle Reference: AR25
Reporting Due Date: 31 May 2026

Fin Period Start Date: 1 August 2023
Fin Period End Date: 31 July 2024
Ar Cycle Reference: AR24
Reporting Due Date: 31 May 2025

Fin Period Start Date: 1 August 2022
Fin Period End Date: 31 July 2023
Ar Cycle Reference: AR23
Reporting Due Date: 31 May 2024

Fin Period Start Date: 1 August 2021
Fin Period End Date: 31 July 2022
Ar Cycle Reference: AR22
Reporting Due Date: 31 May 2023

Fin Period Start Date: 1 August 2020
Fin Period End Date: 31 July 2021
Ar Cycle Reference: AR21
Reporting Due Date: 31 May 2022

04 Official extract

Charity Annual Return Parta

Latest Fin Period Submitted Ind: Yes
Fin Period Order Number: 1
Ar Cycle Reference: AR19
Fin Period Start Date: 1 August 2018
Fin Period End Date: 31 July 2019
Ar Due Date: 31 May 2020
Ar Received Date: 11 May 2020
Total Gross Income: £508,056
Total Gross Expenditure: £338,795
Charity Raises Funds From Public: No
Charity Receives Govt Funding Contracts: No
Charity Receives Govt Funding Grants: Yes
Count Govt Grants: £1
Income From Government Grants: £449,199
Charity Has Trading Subsidiary: Yes
Trustee Also Director Of Subsidiary: No
Does Trustee Receive Any Benefit: Yes
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: Yes
Trustee Receives Other Benefit: No
Trustee Resigned Employment: Yes
Employees Salary Over 60k: No
Count Volunteers: 10

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 2
Ar Cycle Reference: AR18
Fin Period Start Date: 1 August 2017
Fin Period End Date: 31 July 2018
Ar Due Date: 31 May 2019
Ar Received Date: 18 February 2019
Total Gross Income: £614,545
Total Gross Expenditure: £260,505
Charity Raises Funds From Public: No
Charity Receives Govt Funding Contracts: No
Charity Receives Govt Funding Grants: Yes
Count Govt Grants: £3
Income From Government Grants: £561,451
Charity Has Trading Subsidiary: Yes
Trustee Also Director Of Subsidiary: No
Does Trustee Receive Any Benefit: Yes
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: Yes
Trustee Receives Other Benefit: No
Trustee Resigned Employment: Yes
Employees Salary Over 60k: No
Count Volunteers: 5

05 Official extract

Charity Annual Return Partb

Latest Fin Period Submitted Ind: Yes
Fin Period Order Number: 1
Ar Cycle Reference: AR19
Fin Period Start Date: 1 August 2018
Fin Period End Date: 31 July 2019
Ar Due Date: 31 May 2020
Ar Received Date: 11 May 2020
Income Donations And Legacies: 2931
Income Other Trading Activities: 48084
Income Charitable Activities: 449199
Income Investments: 0
Income Other: 7842
Income Total Income And Endowments: 508056
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £0
Expenditure Charitable Expenditure: £338,795
Expenditure Other: 0
Expenditure Total: 338795
Expenditure Investment Management: 0
Expenditure Grants Institution: 0
Expenditure Governance: 0
Expenditure Support Costs: 117048
Expenditure Depreciation: 32905
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 270375
Gain Loss Other: 0
Reserves: £33,946
Assets Total Fixed: 1211773
Assets Own Use: 1211773
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £67,360
Assets Total Liabilities: £155,028
Assets Current Investment: 0
Assets Total Assets And Liabilities: £1,124,105
Creditors One Year Total Current: 155028
Creditors Falling Due After One Year: 0
Assets Cash: £33,946
Funds Endowment: 0
Funds Unrestricted: 1086202
Funds Restricted: 37903
Funds Total: 1124105
Count Employees: 20
Consolidated Accounts: Yes

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 2
Ar Cycle Reference: AR18
Fin Period Start Date: 1 August 2017
Fin Period End Date: 31 July 2018
Ar Due Date: 31 May 2019
Ar Received Date: 18 February 2019
Income Donations And Legacies: 35432
Income Other Trading Activities: 9662
Income Charitable Activities: 561451
Income Investments: 0
Income Other: 8000
Income Total Income And Endowments: 614545
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £92,250
Expenditure Charitable Expenditure: £168,255
Expenditure Other: 0
Expenditure Total: 260505
Expenditure Investment Management: 0
Expenditure Grants Institution: 0
Expenditure Governance: 0
Expenditure Support Costs: 92250
Expenditure Depreciation: 21760
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £0
Assets Total Fixed: 941398
Assets Own Use: 941398
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £150,576
Assets Total Liabilities: £137,130
Assets Current Investment: 0
Assets Total Assets And Liabilities: £954,844
Creditors One Year Total Current: 137130
Creditors Falling Due After One Year: 0
Assets Cash: £134,524
Funds Endowment: 0
Funds Unrestricted: 925026
Funds Restricted: 29818
Funds Total: 954844
Count Employees: 8
Consolidated Accounts: Yes

06 Official extract

Charity Area Of Operation

Geographic Area Type: Region
Geographic Area Description: Throughout Wales
Welsh Ind: Yes

07 Official extract

Charity Classification

Classification Code: 116
Classification Type: What
Classification Description: Recreation

Classification Code: 207
Classification Type: Who
Classification Description: The General Public/mankind

Classification Code: 113
Classification Type: What
Classification Description: Economic/community Development/employment

Classification Code: 205
Classification Type: Who
Classification Description: Other Charities Or Voluntary Bodies

Classification Code: 203
Classification Type: Who
Classification Description: People With Disabilities

Classification Code: 305
Classification Type: How
Classification Description: Provides Buildings/facilities/open Space

Classification Code: 105
Classification Type: What
Classification Description: The Prevention Or Relief Of Poverty

Classification Code: 202
Classification Type: Who
Classification Description: Elderly/old People

Classification Code: 103
Classification Type: What
Classification Description: The Advancement Of Health Or Saving Of Lives

Classification Code: 306
Classification Type: How
Classification Description: Provides Services

Classification Code: 102
Classification Type: What
Classification Description: Education/training

Classification Code: 104
Classification Type: What
Classification Description: Disability

Classification Code: 112
Classification Type: What
Classification Description: Environment/conservation/heritage

Classification Code: 307
Classification Type: How
Classification Description: Provides Advocacy/advice/information

Classification Code: 201
Classification Type: Who
Classification Description: Children/young People

08 Official extract

Charity Event History

Charity Name: CREDU CHARITY LTD
Charity Event Order: 1
Event Type: Standard registration
Date Of Event: 2018-01-30T00:00:00

09 Official extract

Charity Governing Document

Governing Document Description: MEMORANDUM AND ARTICLES INCORPORATED 30 DEC 1899AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 16 JAN 2018AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 29 JAN 2018
Charitable Objects: OBJECTS5. THE OBJECTS OF THE CHARITY ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING: 1.TO PROMOTE FOR THE PUBLIC BENEFIT OF URBAN OR RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION (AND IN PARTICULAR PORTHCAWL, BRIDGEND AND THE BRIDGEND VALLEYS AREA) BY ALL OR ANY OF THE FOLLOWING MEANS: (A) THE RELIEF OF POVERTY IN SUCH WAYS AS MAY BE THOUGHT FIT; (B) THE RELIEF OF UNEMPLOYMENT IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING ASSISTANCE TO FIND EMPLOYMENT; (C) THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE, AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE; (D) THE CREATION OF TRAINING AND EMPLOYMENT OPPORTUNITIES BY THE PROVISION OF WORKSPACE, BUILDINGS AND/OR LAND FOR USE ON FAVOURABLE TERMS; (E) THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES; (F) THE PROVISION OR ASSISTANCE IN THE PROVISION OF RECREATIONAL FACILITIES FOR THE PUBLIC AT LARGE; (G) THE PRESERVATION OF BUILDINGS OR SITES OF HISTORIC OR ARCHITECTURAL IMPORTANCE; (H) THE PROTECTION OR CONSERVATION OF THE ENVIRONMENT;(I) THE PROVISION OF PUBLIC HEALTH FACILITIES AND CHILDCARE. 2. TO PROMOTE FOR THE BENEFIT OF THE INHABITANTS OF PORTHCAWL, BRIDGEND AND THE BRIDGEND VALLEYS AREA THE PROVISION OF FACILITIES FOR RECREATION FOR THE PUBLIC AT LARGE IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE OF THE SAID INHABITANTS. (I) THE PROVISION OF FACILITIES FOR RECREATION AND OTHER LEISURE-TIME OCCUPATION IN THE INTERESTS OF SOCIAL WELFARE WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE PERSONS FOR WHOM THEY ARE INTENDED. 3. TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE CONSERVATION, PROTECTION AND IMPROVEMENT OF THE PHYSICAL AND NATURAL ENVIRONMENT OF THE SOUTH WALES COAST. 4. TO ADVANCE HEALTH AND THE SAVING OF LIVES FOR THE PUBLIC BENEFIT BY THE MAINTENANCE AND OPERATION OF FACILITIES FOR THE TRAINING OF LIFE SAVING. 5. TO PROMOTE THE CONSERVATION PROTECTION AND IMPROVEMENT OF THE PHYSICAL AND NATURAL ENVIRONMENT OF THE PORTHCAWL HARBOURSIDE AREA. (I) THE PRESERVATION OF BUILDINGS OR SITES OF HISTORIC OR ARCHITECTURAL IMPORTANCE.

10 Official extract

Charity Policy

Policy Name: Safeguarding vulnerable beneficiaries

Policy Name: Paying staff

Policy Name: Risk management

Policy Name: Volunteer management

Policy Name: Conflicting interests

Policy Name: Complaints handling