Overall GiG Score: -50 ?
Finance Score: -50
Governance Score: 0
Support Score: 0
  • In administration/insolvent: -50

    CREDU CHARITY LTD 

    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.
    Analysis by Giving is Great

    Positives:

    • The charity has received backing from a grant maker recently

    Financial issues to consider:

    • This charity is in Administration or Insolvent
    Established: 6 years
    (10 years as a company)

    CARDIFF@MENZIES.CO.UK

    02920495444

    Charity Commission for England and WalesCompanies House
    UN SDGs
    ?

    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
    31/07/19£508£339£169£0£1,124£1,08638.52010
    31/07/18£615£261£354£92£955£92542.685
    Financial Ratios
    Fundraising Costs/Relevant Income: 0%
    Fundraising Costs/Total Spending: 0%
    Highest pay band: Less than £60,000
    Liabilities/Assets: 12%
    Liabilities/Income: 31%
    Unrestricted Funds/Total Funds: 97%
    Reserves/Spending: 38.5 months
    Net Current Assets/Spending: -3 months
    Quick Ratio: 0.2
    Asset Split ?
    What it does
    • Disability
    • Economic/Community Development/Employment
    • Education/Training
    • Environment/Conservation/Heritage
    • Recreation
    • The Advancement Of Health Or Saving Of Lives
    • The Prevention Or Relief Of Poverty
    Who works here?
    • 20 employees
    • 10 volunteers
    Who it helps
    • Children/Young People
    • Elderly/Old People
    • Other Charities Or Voluntary Bodies
    • People With Disabilities
    • The General Public/Mankind
    How it operates
    • Provides advocacy/advice/information
    • Provides buildings/facilities/open space
    • Provides services
    Where it operates
    • Throughout Wales,

    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.

    Specific Donations
    Amount When
    Months
    To be used for
    Paul Hamlyn Foundation - SeaQuest Coastal Science, Discovery and Imagination
    £60,000 25/05/2018
    24
    SeaQuest will develop and test a marine-themed, arts-based teaching programme for Keystage 2 and 3 pupils. Delivered on the beach and in the classroom, the initiative will also explore the impact on ....more
    National Lottery Community Fund - A Maritime Centre called 'Harbourside'
    £1,100,000 05/10/2016
    36
    A Maritime Centre called 'Harbourside'
    National Lottery Community Fund - A Maritime Centre called 'Harbourside'
    £49,974 20/10/2015
    7
    A Maritime Centre called 'Harbourside'

    Data sourced from Donors via 360 Giving

    How is it governed?

    Trustees (4)
    Current Trustees appointed

    Age Range of Trustees: 49-75
    Legal constitution
    • Charitable company registered in England & Wales on 30/01/2018, number: 1176908
    • Registered at Companies House on 16/07/2013, number: 08612175
    Gift Aid
    • NOT registered with HMRC for Gift Aid
    Policies in force
    • Complaints handling
    • Conflicting interests
    • Paying staff
    • Risk management
    • Safeguarding vulnerable beneficiaries
    • Volunteer management
    Filing Record
    2 returns made; all on time
    Main office

    MENZIES LLP
    UNIT 2
    HAVANNAH STREET
    CARDIFF
    CF10 5SF

    Objectives

    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.

    Data Sources

    Charity Commission for England and Wales
    360 Giving
    CharityBase

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