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04 Jun 2008
Weston Spirit, the charity which helped underprivileged youngsters for 20 years, has ceased trading after recording losses of £640,000.
The charity which received millions in donations, including £2m from the Lottery, was founded by Falklands veteran Welsh Guard Simon Weston.
The charity reportedly has been in financial difficulties since December, and a rescue plan to save the charity failed, forcing the charity to cease trading, according to the South Wales Echo.
‘A combination of factors have made fundraising very difficult in recent years and mounting debt sadly forced what was a very, very difficult decision for the trustees and the executive,' Weston said in a website statement.
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Briefings
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