The athlete Mo Farah is to close his foundation less than five years after it was started, its latest accounts show.
The Mo Farah Foundation was registered with the Charity Commission in September 2011 with the aim of providing aid to people affected by the drought and famine in east Africa, particularly in Somalia, where Farah was born, and "life inspiring projects for the public in the UK".
It had a total income of just under £1.4m from when it was registered until the end of March 2015, its accounts show, with spending totalling £999,000 over the same period.
The foundation’s latest accounts say that the objects of the charity "could be more effectively met through the activities of a larger and well-resourced charity".
They say: "The trustees unanimously resolved on 16 February 2016 that the charity should be closed in accordance with its governing document."
Any remaining assets after all debts and liabilities have been paid will be given to another charity with objects that are similar to the foundation’s own, the accounts say.
The charity’s board consists of Farah, his wife Tania and the journalist Rageh Omaar, the accounts say.
A statement issued on behalf of the foundation said: "Mo and Tania are immensely proud of what the foundation has achieved — raising approximately £1m and delivering some life-changing projects. In Africa, the foundation built 50 water wells and established three medical clinics for mothers and new-born babies which have treated over 10,000 families."
A Charity Commission spokesman said the regulator was "assessing information provided about the charity’s activities before deciding what regulatory action, if any, may be required".
Last week, Third Sector published an investigation into the activities of selected charitable foundations started by sporting stars showed that some were struggling to keep up with their administrative requirements.
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