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SSEC announces closure

Friday 5th October 2017, 08:10

We are sad to announce that  the Social Enterprise England Central will begin procedures for voluntary dissolution, following a unanimous decision at the  AGM on Saturday 29 September 2017. The following resolution was passed with no abstentions and no votes against:

“This meeting notes the withdrawal of central government's strategic partner grant from SSEC which took effect from April 2018. Despite strenuous efforts to identify alternative sources of funding and to generate income, SSEC has been living off its reserves.
These reserves will be exhausted by the end of December 2017. SSEC will therefore be unable to fund its staffing, offices or core activities after that date.
The Trustees can see no viable future for SSEC as a formal organisation and therefore propose that:
1. The SSEC Limited Company (No. 3895814) and Charity (No. 1085702) be wound up and voluntarily dissolved after December 31st 2017, according to section 8 of the Memorandum and Articles.
2. Any remaining assets will be transferred to organisations with similar Charitable purposes with the specific aims of supporting local, regional and
national networking to promote and apply community development values and practices.”

National charities such as SSEC have faced severe challenges in the past year, after Strategic Partner funding was withdrawn by the Government from April 2018. Since then, we have been surviving on our dwindling reserves and despite strenuous efforts to secure alternative sources of finance through funding bids, training and paid talks, this has sadly proved impossible.

This situation has led to the unavoidable step of preparing to wind-up SSEC as a formal entity SSEC intends to begin the formal dissolution procedures after December 31st 2017 when the company will cease trading.

We would once again like to thank everyone who has supported and built SSEC over the past 25 years. We have been inspired by our members, trustees, paid workers and partner organisations. This is not the end of our collaboration: we remain committed to bring together people to help promote community development in new ways. The spirit remains strong.

Over the coming months we will keep you informed about the next steps on the homepage of our website, and on our social media sitestwitter & Facebook. 

Yours sincerely

The SSEC staff & board.

Location Tags: National

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