Finance Score: 1

Governance Score: 5

Support Score: 7

Low unrestricted reserves: -2
Strong growth: +2
Deficit latest year: -2
Fundraising costs low: +3

Good trustee age range: +3
Dynamic board: +3
Mainly female board: -1

Grant maker support: +7

Overall GiG Score: 13

CREDU SUPPORTING YOUNG AND ADULT CARERS LIMITED

We believe in people: their skills, abilities and talents, and the resilience they display in everyday life. We believe in the invaluable contributions carers make to their loved ones and their communities. We believe carers of all ages deserve to thrive and be able to get the most out of life.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
Fundraising costs are low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and dynamic in terms of composition
This charity is based in an area of high deprivation

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
The Board is predominantly female

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
Income was lower than spending in the latest year

Established: 20 years

www.credu.cymru

carers@credu.cymru

01597823800

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£1,421	£1,584	£-163	£79	£745	£314	2.4	40	200
31/03/22		£1,647	£1,536	£111	£70	£908	£409	3.2	44	158
31/03/21		£1,642	£1,393	£248	£68	£797	£330	2.8	42	60
31/03/20		£1,373	£1,136	£236	£79	£549	£178	1.9	38	68
31/03/19		£1,087	£1,049	£38	£82	£313	£113	1.3	44	24
31/03/18	*	£933	£874	£59	£75	£293	£122	1.7	30	0
31/03/17	*	£828	£820	£8	£64	£234	£143	2.1	30	0
31/03/16	*	£780	£715	£65	£8	£226	£118	2	30	0
31/03/15	*	£762	£729	£33	£7	£161	£118	1.9	19	0
31/03/14		£522	£505	£17	£8	£128	£91	2.2	14	0
31/03/13		£542	£524	£18	£8	£111	£85	1.9	15	0
31/03/12		£455	£467	£-12	£0	£0	£0	n/a	0	0
31/03/11	*	£457	£429	£28	£0	£0	£0	n/a	0	0
31/03/10		£402	£395	£7	£0	£0	£0	n/a	0	0
31/03/09		£402	£395	£7	£0	£0	£0	n/a	0	0
31/03/08		£359	£427	£-67	£0	£0	£0	n/a	0	0
31/03/07	*	£374	£322	£52	£0	£0	£0	n/a	0	0
31/03/06	*	£309	£283	£26	£0	£0	£0	n/a	0	0
31/03/05		£268	£275	£-7	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 5.9%
Fundraising Costs/Total Spending: 5%
Highest pay band: Less than £60,000
Liabilities/Assets: 10%
Liabilities/Income: 6%
Unrestricted Funds/Total Funds: 42%
Reserves/Spending: 2.4 months
Net Current Assets/Spending: 6 months
Quick Ratio: 7.2

Asset Split ?

Listed activities

Disability
Education/Training
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

How it operates

Acts as an umbrella or resource body
Provides advocacy/advice/information
Provides human resources
Provides services
Sponsors or undertakes research

Where it operates

Ceredigion, Conwy, Denbighshire, Powys, Wrexham,

This charity is based in an area of high deprivation

Who it helps

Children/Young People
Elderly/Old People
Other Defined Groups
People With Disabilities

Who works here?

40 employees
200 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

BBC Children in Need	£123,511
Tudor Trust	£72,000
Triangle Trust 1949 Fund	£64,895
Esmee Fairbairn	£22,657

Specific Donations

Amount	When Months	To be used for
Triangle Trust 1949 Fund - Credu Connecting Carers (Powys Carers Service Ltd) - 1
£64,895	13/10/2022	To build and embed effective recognition, respect and support for Young and Young Adult Carers in education through peer mentoring, mentoring support and whole school systems.
Tudor Trust - Grant to Credu - Connecting Carers in Powys
£2,000	04/01/2021	as an additional grant to support staff, volunteer and trustee wellbeing, to assist the organisation deliver its charitable purpose more effectively
Co-Operative Group - Grant to Credu Connecting Carers
£3,121	24/10/2020	As parents and community members, we would like to learn sign language level 2 to communicate with our local deaf children and adults.
Esmee Fairbairn - Grant to Credu Connecting Carers
£22,657	05/05/2020 6	towards unrestricted core costs as a COVID-19 fast response grant
Tudor Trust - Grant to Credu - Connecting Carers in Powys
£70,000	27/11/2019 24	over two years as continuation funding towards an action research project to help Credu assess how new ways of working impact on carers in mid-Wales
BBC Children in Need - Grant to Powys Carers Service Ltd
£123,511	26/06/2019 36	This project will provide sessions, activities, and trips for young carers. They will make more friends, feel better understood and feel less lonely.
Esmee Fairbairn - Grant to Credu Connecting Carers
£135,944	23/10/2018 36	Towards a programme that supports young carers in rural settings using a coaching approach and sharing best practice across Wales.
Tudor Trust - Grant to Credu Connecting Carers
£35,000	19/05/2017 12	over one year towards an action research project to understand how Credu's new way of working is impacting on carers in mid-Wales
National Lottery Community Fund - Connected Generation
£718,189	22/03/2017 36	Connected Generation
Lloyds Bank Foundation - Grant to Powys Carers Service
£72,781	20/07/2016 36	Providing support to young and adult carers across Powys in addressing key transitions in their lives. The grant will fund 26-hrs of salary and associated delivery costs.
Triangle Trust 1949 Fund - Credu - 2
£95,000	01/10/2015 36	Core funding to help develop a network of charity shops/carer drop in centres across the area.
Henry Smith Charity - Grant to Powys Carers Service
£122,400	17/09/2015 36	towards three years' continuation funding of a project providing support and advice to young adult carers in Powys
Lloyds Bank Foundation - Grant to Powys Carers Service
£9,500	31/07/2012	travel, mobile phone, and management costs for the volunteer counsellors
Henry Smith Charity - Grant to Powys Carers Service
£117,600	13/06/2012 36	towards three years' salary of two new Young Adult Carers Advocates to support young carers in Powys

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Based on 8/9 persons

Age Range of Trustees: 20-83

ANN WILLIAMS Appointed: 2003, Occupation: Housewife, Other trusteeship: LLANGATTOCK COMMUNITY EDUCATION TRUST,

ELUNED MAIR YAXLEY Appointed: 2021, Occupation: Engagement & Communication Officer

EMILY LOUISE BLEAKLEY Appointed: 2021, Occupation: Full Time Student

GABRIELLE HEATHCOTE Appointed: 2022, Occupation: Professor

JOHN RAFTREE Appointed: 2019, Occupation: Retired

MARILYN ANN JARVIS Appointed: 2013, Occupation: Retired

MARGARET HILDA EVITTS Appointed: 2020, Occupation: Retired Headteacher

SHAN COOPER Appointed: 2022, Occupation: Librarian

SUSANNE CONSTANCE JOHN Appointed: 2020, Occupation: Retired

Legal constitution

Charitable company registered in England & Wales on 12/05/2004, number: 1103712
Registered at Companies House on 28/05/2003, number: 04779458

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

19 returns made; AR18: 1 days late, AR17: 2 days late, AR16: 2 days late, AR15: 2 days late, AR11: 1 days late, AR07: 5 days late, AR06: 1 days late,

Recent reorganisation events:

Asset transfer in from A VOICE FOR YOU LIMITED on 07/06/2022

Main office

Marlow
South Crescent
LLANDRINDOD WELLS
POWYS
LD1 5DH

Objectives

1. TO ALLEVIATE MENTAL AND PHYSICAL DISTRESS AMONGST EXISTING AND FORMER UNPAID CARERS.2. TO ADVANCE EDUCATION CONCERNING CARING AMONGST CARERS AND THE PUBLIC.

Defined Area of Benefit:

THE COUNTY OF POWYS

Data Sources