This site uses cookies; by continuing to use our site you agree to our use of cookies. More details in our privacy policy. Close

 

 

Liquidated charity bequeaths funds 4 June 2013

Four charities are set to receive a windfall following the liquidation of non-profit organisation Sheffield Crossroads Ltd.

Rotherham Crossroads – Catering for Carers, Alzheimer’s Society Sheffield, Parkinson’s UK Sheffield, and Sheffield Young Carers Project will each receive a share of remaining funds of over £60,000.

Adrian Graham, partner at Begbies Traynor Sheffield, said the closure of Sheffield Crossroads has provided a silver lining for other local charities.

He explained: ““Sheffield Crossroads had come to the end of its natural life and, recognising this, the trustees set about winding it down in the most orderly way to protect staff and preserve its funds.”

Sheffield Crossroads was a provider of services to carers of adults and children with physical disabilities and sensory impairment.

Its main service contracts were from Sheffield City Council and the local Primary Care Trust and also from the Sheffield Parkinson Society and a few private clients.

In March 2012, Sheffield City Council and NHS announced that Sheffield Crossroads had to submit a new tender for the contracts under which it provided adult carer services.

The charity was unsuccessful with its bid and lost its main source of funding in September 2012. As a result trustees took the decision to cease trading, with Begbies Traynor were appointed to the liquidation.

Peter Tisch, chair of trustees for Sheffield Crossroads, said: “As trustees, we needed to ensure that the surplus funds from Sheffield Crossroads were distributed to charities with local branches.

“Donations to these organisations will be restricted for use in providing carers living in Sheffield with practical support in the community, so continuing the aims of Sheffield Crossroads.”

 

 

blog comments powered by Disqus