Losses put centre bosses into administration
A TRUST which runs a Swansea Valley community centre has gone into administration, after running up losses in the ‘tens of thousands’ of pounds.
The decision to call in the receivers means The Cwmni Clydach Development Trust, which runs Forge Fach Community Resource Centre, and The Mond Club, means eight employees turning up for work yesterday were told to return home.
Swansea Council has taken over temporary running of both Forge Fach and Graigfelen, to enable groups that use the buildings to continue to do so.
But the move is a short-term measure, and they are now looking for volunteers and groups to come forward to help run the buildings and ensure they have a long-term future.
Swansea Council’s cabinet member for target areas Ryland Doyle said: “It’s very sad that the Cwmni Clydach Development Trust has decided to go into administration.
“Forge Fach and Graigfelen are important community facilities which play a vital role in Clydach and the local community.
“The trust is totally independent of the council, but our immediate priority is to ensure these buildings continue to be available to the users so that there is no disruption to them.”
The trust is independent of Swansea Council, and run by a board of volunteer directors.
Receivers have now been called in to assess the trust’s financial position, but its debt is described by Swansea Council as ‘substantial’, and are believed to run into tens of thousands of pounds.
Forge Fach is a community resource and training centre that houses a privately-run nursery, day centre for older people and an office for a community transport group. It also hosts a number of sports and adult education classes.
Earlier this month, nursery managers spoke of their shock at being told by centre mangers that they face a 300 per cent pay rise in rent.
Chairman of the Cwmni Clydach Development Trust Board Wyn Jones said: “We are all devastated that we’ve had to call in the administrators, but the trust’s financial position meant we had no choice.
“We’ll be working closely with the administrators to see what the future holds for the trust and its eight members of staff.”