Charities close for a range of reasons. In some cases, they have successfully fulfilled their mission or believe another organisation is better positioned to carry it forward. In others, financial pressures, governance or operational difficulties, or shifts in the external environment may render their activities unsustainable or ineffective
Charities exist to advance their charitable purposes, not to perpetuate themselves, and it is good governance for boards to periodically reflect on whether change is needed in order to do this effectively. Take a look at a checklist of the key legal and regulatory steps which will need to considered. Read more here.