Torbay Community Development Trust Ltd

Analysis

Torbay Community Development Trust Ltd is a registered charity in England and Wales, based in Torquay. It was registered in March 2011, 15 years ago. Its declared purposes cover general charitable purposes and economic/community development/employment, which this site groups under community and economic development. It says it makes grants to organisations, provides buildings/facilities/open space and provides services.

In the financial year ending March 2025, Torbay Community Development Trust Ltd reported income of £2.7m and spending of £1.9m, leaving 29% of income unspent that year. Across the 5 years on record, from March 2021 to March 2025, income grew from £2.3m to £2.7m (+20%), an average of +4.6% a year. The sharpest change came in the year to March 2023, when income dropped by 40%. Over the whole period it spent 94% of the income it received.

Among 1,869 England and Wales charities whose main cause is community and economic development and that reported income, Torbay Community Development Trust Ltd sits at the 96th percentile: it is larger than about 96% of them. Against every charity in England and Wales with reported income it ranks in the 97th percentile. Charities of a similar size with the same main cause include The Involve Foundation (£2.7m), The UK Career Academy Foundation (£2.7m) and The Daphne Jackson Memorial Fellowships Trust (£2.6m).

In its latest detailed accounts, income came from charitable activities 95%, investments 2.9% and donations and legacies 1.2%. Charitable activities took 100% of spending and raising funds 0.1%. Grants to other organisations totalled £506k. Reserves of £125k would cover about 1 months of spending at that rate. It employed 50 people.