AXMINSTER HERITAGE LIMITED
The provision of a community building & carpet museum of national importance in Axminster.
Objects
THE ADVANCEMENT OF PUBLIC EDUCATION IN THE HERITAGE OF THE TOWN OF AXMINSTER BY THE PROVISION OF A MUSEUM WITH PARTICULAR REFERENCE TO THE WORLD RENOWNED QUALITY OF ITS CARPET PRODUCTION.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £90,590 for the year, reducing its total funds from £994,990 to £904,400. Despite this deficit, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity holds unrestricted reserves of £73,404, which is below its stated policy target of holding reserves sufficient to operate for up to one year without charitable income.
What the accounts disclose
“allowing it to operate without any income from its charitable activities for up to one year.”
Policies the charity declares
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Register events
- Received assets from another charity (10/12/2014)
Trustees
- MR LAURENCE HITCHCOCKchair
- ANDREW TIMOTHY MOULDING
- David John Knapman
- Steven Peter Holt
- Stuart Courtman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £35k | £127k |
| 29/02/2024 | £34k | £54k |
| 28/02/2023 | £34k | £30k |
| 28/02/2022 | £107k | £116k |
| 28/02/2021 | £95k | £131k |
Common questions
Is AXMINSTER HERITAGE LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure deficit of £90,590 for the year, reducing its total funds from £994,990 to £904,400. Despite this deficit, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity holds unrestricted reserves of £73,404, which is below its stated policy target of holding reserves sufficient to operate for up to one year without charitable income. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 21/06/2016 | £583k | "Restoration of Thomas Whitty House and creation of Axminster Heritage Centre (final Phase)" |
| The National Lottery Heritage Fund | 06/05/2015 | £70k | "Restoration of Thomas Whitty House and redevelopment of Axminster Museum (phase 1)" |