Crediton Area Development Trust Ltd

Analysis

Crediton Area Development Trust Ltd is a registered charity in England and Wales, based in Crediton. It was registered in January 2000, 26 years ago. Its declared purposes cover general charitable purposes, arts/culture/heritage/science, environment/conservation/heritage and economic/community development/employment, which this site groups under arts, culture, heritage and science. Legally it is a charitable company (Companies House number 03757248). It says it provides buildings/facilities/open space.

In the financial year ending April 2025, Crediton Area Development Trust Ltd reported income of £11k and spending of £11k, spending 100% of its income. Across the 5 years on record, from April 2021 to April 2025, income fell from £23k to £11k (-51%), an average of -16% a year. The sharpest change came in the year to April 2022, when income dropped by 67%. Over the whole period it spent 84% of the income it received.

Among 17,634 England and Wales charities whose main cause is arts, culture, heritage and science and that reported income, Crediton Area Development Trust Ltd sits at the 35th percentile: it is larger than about 35% of them. Against every charity in England and Wales with reported income it ranks in the 34th percentile. Charities of a similar size with the same main cause include Friends of Woodbridge Library (£11k), Woking Ladies Choir (£11k) and Friends of St Julitta's Church (£11k).

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.