Steve Elliott of MHA Monahans, has handed over £120,000 of “surplus funds” to two Swindon causes following completion of the official closure of the West Swindon Family Centre.
West Swindon Family Centre was forced to close in April 2017 due to “rising costs and funding cuts.”
Steve was appointed by the charity trustees, to deal with the closure by way of solvent liquidation. As part of the process, Steve and his team worked with the trustees to wind up the charity formally; liaising with and paying the centre’s remaining creditors; renegotiating the lease on the playgroup to a new provider, and selling the centre’s premises.
The resulting surplus funds have now been donated to two other local charities, (as nominated by the centre’s former trustees), Swindon Women’s Aid and Koalas Swindon Opportunity Group.
The two charities each received £60,000 which will be put towards funding services that will “directly improve the lives of Swindon’s vulnerable and disabled children.”
Koalas Swindon Opportunity Group provides pre-school education for children under five years old who have a range of special educational needs or disabilities, as well as support and advice for their families.
Swindon Women’s Aid will be allocating the funds to its children and young people project which provides direct support to children in their refuge escaping domestic violence and abuse, as well as working with them in the community.
Steve Elliott, insolvency partner at MHA Monahans, explained: “West Swindon Family Centre found themselves in the position where although they held a number of assets, due to funding cuts they could not afford to continue operating. Through the solvent liquidation process, we were able to release these assets and pass on the remaining funds to local charities with similar aims.”
Stephanie Hathaway, manager of Koalas, added: “We at Koalas are saddened at the loss of West Swindon Family Centre and recognise the impact that this has had on the mutual families supported. We are so very grateful to them for sharing these funds with us at a time when funding for valuable services can no longer be assured.”
Pictured above: (Left to Right) Olwen Kelly, Caroline Smith,(Women’s Aid) Paul McConnell, Steve Elliott,(MHA Monahans) Stephanie Hathaway and Liz Angus (Koala)