Two charities bearing the name of Jimmy Savile will wind up following the TV personality's abuse scandal, their trustees announced today.

In a statement released this morning the trustees, three of which are shared by both the Jimmy Savile Charitable Trust and the Jimmy Savile Stoke Mandeville Hospital Trust, advised they met yesterday to discuss the charities' futures.

"The trustees have given much consideration to a possible change of name," the statement says. "However the trustees feel that, whatever new name they may adopt, the charities will always be linked in the public's mind with the late Jimmy Savile. The trustees cannot see a future for either charity."

According to the Jimmy Savile Charitable Trust's latest accounts it had £3.7m carried forward from 31 March 2012. The Jimmy Savile Stoke Mandevile Hospital Trust reported reserves of £1.7m at 31 March 2011. 

The remaining funds are to be distributed between charitable beneficiaries the trustees have committed to support, but the recipients will not be publicly announced by the charities. "The trustees have already chosen how to distribute the funds in each charity...It will be for each charitable organisation to decide whether to publicise any donation received. No future requests for funding will be considered," the charities advised.

The news of the charities' closure comes after the second documentary into the Jimmy Savile child abuse scandal. BBC's Panorama broadcast last night with an investigation into why the BBC had refused to go ahead with a Newsnight documentary that would have outed Savile's behaviour last year. It followed ITV's Exposure documentary aired on 3 October that documented a number of incidents where the now-deceased television personality and DJ had allegedly sexually abused underage girls.