YEOVIL ART SPACE
- Offer exhibitions and events, and to provide opportunities for social interaction and cultural education for the public.- Provide opportunities for artists who are living in Yeovil and the surrounding area, to build a strong audience for the arts at the local level.- Provide educational workshops, outreach and participatory activities for different community and schools in Yeovil.
Financial health, per its FY2025 accounts
The accounts state that Yeovil Art Space held unrestricted free reserves of £15,000, which the trustees noted was below their recommended policy target of six months' running costs, although a three-month reserve was achieved. The charity reported a net surplus of £16,199 for the year and confirmed there were no funds held in deficit, indicating stable short-term liquidity despite reliance on restricted grant funding.
What the accounts disclose
“A 3 month reserve was achieved in the financial year 2024-25.”
Trustees
- Tamsin Mendelsohnchair
- Carolyn Tayler-Webb
- Mark Howard Pender
- Sara Dudman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £168k | £152k |
| 31/03/2024 | £167k | £154k |
| 31/03/2023 | £125k | £103k |
| 31/03/2022 | £82k | £39k |
| 31/03/2021 | £24k | £21k |
Common questions
Is YEOVIL ART SPACE financially healthy?
Per its FY2025 accounts: The accounts state that Yeovil Art Space held unrestricted free reserves of £15,000, which the trustees noted was below their recommended policy target of six months' running costs, although a three-month reserve was achieved. The charity reported a net surplus of £16,199 for the year and confirmed there were no funds held in deficit, indicating stable short-term liquidity despite reliance on restricted grant funding. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Somerset Community Foundation | 02/12/2024 | £13k | Support to members of the local community who need additional help during the winter. |
| Somerset Community Foundation | 14/08/2023 | £5k | Supporting mental well-being for adults |
| The National Lottery Heritage Fund | 07/09/2022 | £96k | "Story of Yeovil" |
| Somerset Community Foundation | 22/12/2020 | £4k | COVID19 Activity packs for isolated older people |
| Somerset Community Foundation | 27/10/2020 | £5k | Covid19 Voices of older people during the pandemic |