AXE VALE FESTIVAL LIMITED
The objects of the charity are to promote for the benefit of the inhabitants of Axminster and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement financial hardship or social and economic circumstances or for the public at large.
Objects
TO PROMOTE FOR THE BENEFIT OF THE INHABITANTS OF AXMINSTER AND THE SURROUNDING AREA THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT FINANCIAL HARDSHIP OR SOCIAL AND ECONOMIC CIRCUMSTANCES OR FOR THE PUBLIC AT LARGE IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE FOR THE SAID INHABITANTS.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net expenditure of £21,376, reducing its unrestricted reserves from £96,887 to £75,511. Per the trustees' report, the charity held reserves below its stated policy target of approximately £100,000 needed to cover show costs and future deposits. The trustees confirmed the charity is able to continue as a going concern for the next twelve months.
What the accounts disclose
“we would therefore need to keep approximately £100,000 in reserves to cover not only the current show costs but for deposits for the following year's event.” — page 5
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- 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
Trustees
- Jane Rockett
- KAREN HUSSEY
- Michael John Beviss
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £78k | £99k |
| 31/08/2024 | £96k | £103k |
| 31/08/2023 | £103k | £96k |
| 31/08/2022 | £102k | £90k |
| 31/08/2021 | £164 | £4k |
Common questions
Is AXE VALE FESTIVAL LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net expenditure of £21,376, reducing its unrestricted reserves from £96,887 to £75,511. Per the trustees' report, the charity held reserves below its stated policy target of approximately £100,000 needed to cover show costs and future deposits. The trustees confirmed the charity is able to continue as a going concern for the next twelve months. Its FY2025 accounts were independently examined.