A mental health care charity was warned it will be forced close unless it can raise £200,000 by the end of December.
A fundraising appeal has been launched by the Sea Sanctuary charity called Save Our Sanctuary’ to raise the emergency funding.
The Cornwall based charity warned that “many of the people we support are suicidal, and the result of our services ceasing to exist would be catastrophic”.
The charity says that the £200,000 will “allow us time to restructure the organisation, moving us towards longer-term sustainability.
It added: “Any money we do raise will go into the ‘pot’ to allow us to stay afloat on a day-by-day basis. Our directors are assessing all feasible avenues for going forward and to have a future, which includes restructuring the charity, reducing services, and reducing overheads.
“The board are meeting regularly and taking professional advice to ensure we are fully compliant with both company and charity regulations.”
Sea sanctuary is one of several charities to face financial uncertainty this year, in which a number of organisations have already been forced to close or enter administration.
Last month it emerged that Nottingham Castle Trust had begun winding up and handing the historic site it runs over to local authority control.
Also last month adult education charity Aspire Sussex entered administration after its post pandemic recover was hit by the cost-of-living crisis.
“After delivering adult education programmes across West Sussex for the last 10 years, the charity is unable to continue trading due to the devastating impact of the combination of Covid and the cost-of-living crisis on its operations,” said the charity.
Meanwhile, Birmingham charity Asylum Support and Immigration Resource Team (ASIRT) announced last month it is to close. This week it emerged that workers at the charity are to strike in a bid to keep its services open long term.
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