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The charity's trustees decided that it could no longer afford to operate
A Berkshire-based international development charity has gone into liquidation after its trustees decided that the organisation could no longer afford to operate.
Global Hearts for Children, which in April changed its name from Feed the Children, ran relief projects in countries including Angola, Ethiopia, Iraq and Moldova.
According to information on the Charity Commission website, Global Hearts was founded in 1994 and had five full-time staff and 70 volunteers. The charity’s income fell from £4.3m in 2010 to £3.6m in 2011.
In its March 2011 accounts the charity revealed that it was experiencing reluctance among donors in making cash donations and that more people tended to respond to larger TV campaigns backed by celebrities.
A statement published on the charity’s website says: "Regret to have to tell you that Global Hearts for Children has gone into liquidation. The current level of donations are not covering our operating costs and the board of trustees felt that we could no longer continue to operate."
Third Sector was unable to reach anybody from the charity for comment.
This article was taken from www.thirdsector.co.uk - http://www.thirdsector.co.uk/Finance/article/1145362