THE FRIENDS OF CREDITON ARTS CENTRE
Crediton Arts Centre provides a wide range of cultural activities for the people of Crediton and surrounding Mid Devon villages. We run a weekly programme of classes for all ages in the visual arts, drama and dance. We also put on films, concerts, plays and talks as well as organise major community events, such as the annual Busk It!, Open Art Studios and large scale community theatre productions.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure deficit of £3,490 for the year ended 31 December 2024, resulting in a decrease in total funds from £38,445 to £34,955. The trustees note that free reserves of £33,467 are sufficient to cover approximately 13 months of overhead costs, and they confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“No employee received emoluments of more than £60,000 during the year” — page 22
“the charity has free reserves at the year end to over around 13 months overhead costs, which the trustees believe to be sufficient.” — page 6
Register events
- Received assets from another charity (14/05/2015)
Trustees
- Tim Salterchair
- BETH ROBSON
- Glen Chudley
- Jack Robson
- James Cookson
- John Ingham
- PAUL CARTWRIGHT
- Rebecca Child
- Tom Blaen
- YVONNE CRONE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £63k | £66k |
| 31/12/2023 | £45k | £44k |
| 31/12/2022 | £35k | £46k |
| 31/12/2021 | £51k | £46k |
| 31/12/2020 | £49k | £34k |
Common questions
Is THE FRIENDS OF CREDITON ARTS CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £3,490 for the year ended 31 December 2024, resulting in a decrease in total funds from £38,445 to £34,955. The trustees note that free reserves of £33,467 are sufficient to cover approximately 13 months of overhead costs, and they confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
What does the highest-paid employee of THE FRIENDS OF CREDITON ARTS CENTRE earn?
Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.
Who funds THE FRIENDS OF CREDITON ARTS CENTRE?
Funders whose own accounts filings name THE FRIENDS OF CREDITON ARTS CENTRE as a grant recipient include THE SCOPS ARTS TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE SCOPS ARTS TRUST | FY2021 | £3k | Regional Arts Centres |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 09/01/2013 | £7k | "Buller Square Phoenix Project" |
| The National Lottery Community Fund | 16/02/2009 | £4k | Banners, Flags and Bunting |
| The National Lottery Community Fund | 13/10/2006 | £1k | committee away day |
| The National Lottery Community Fund | 19/01/2006 | £3k | short play project |
| The National Lottery Community Fund | 02/12/2004 | £5k | A Midsummers Night's Dream production |