Articles

Recent news reports on the closure of The Big Difference arts venue on the High Street in Leicester city centre due to financial struggles and the decision of the trustees of Big Difference Company to make a serious incident report to the Charity Commission are just the latest in a serious of instances of charities closing due to financial distress and insolvency. These instances often illustrate all too well the oft-quoted line about insolvency happening "Two ways: gradually, then suddenly” leaving beneficiaries, employees and other stakeholders bewildered, and charity trustees fighting to justify their decisions.