Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SIF Funds Explained: The High-Conviction Alternative Redefining Smart Investing
    • Why SEBI is rethinking how mutual fund executives’ salary is disclosed: Investor rights vs employee privacy
    • SIF assets rise 12% in May; hybrid long-short strategies account for 70% of AUM: ValueMetrics
    • ETF assets are surging. Here’s how they differ from mutual funds
    • Mutual Fund Investment Guide: Lump sum, SIP, redemption: How mutual fund money flows actually work | Personal Finance
    • AMFI Data Decoded: Equity Mutual Fund Inflows Fall To One-Year Low, Gold ETF Record 1st Outflow in 13 Months
    • Infra funds steal the show: 5 schemes among top 10 SIP performers over the last decade – Money News
    • Direxion to Split Nine ETFs
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Increased funds from Torbay Council too late, says land charity
    Funds

    Increased funds from Torbay Council too late, says land charity

    November 5, 2025


    Torbay Coast and Countryside Trust Berry Head has piles of dried grass being raked by a ranger. Beyond the headland is a bright blue sea, with a blue sky above. It is a sunny day with some clouds.
Torbay Coast and Countryside Trust

    Torbay Coast and Countryside Trust looked after 80% of Torbay’s landscapes, including Berry Head

    A conservation charity which leased and maintained coastal areas said it did not receive increased funds from a council in time to prevent it from financial collapse.

    Torbay Coast and Countryside Trust (TCCT), which received a management fee from the council, entered voluntary administration in October.

    The trust looked after 80% of Torbay’s landscapes and more than 40 miles (64km) of coast paths and bridleways.

    A Torbay Council spokesperson said it had been working with trustees since April to find a resolution to the charity’s financial difficulties and that it had “provided support to the Trust to operate through the summer”.

    The trust said it had negotiated a new management fee with the council after “extensive negotiations”.

    It was not due to come into force until April next year however, the charity said.

    “Faced with this unavoidable shortfall, the trustees made the extremely difficult decision to move towards voluntary liquidation and immediately informed Torbay Council of this decision,” trustees said in a statement.

    They said they had hoped the early notice of its closure would prompt a “controlled and transparent transition”.

    “However, despite repeated requests, Torbay Council declined to participate in any handover process and instead chose to make a unilateral public announcement regarding TCCT’s closure,” they said.

    ‘Complex process’

    A spokeswoman for Torbay Council said in a statement the authority had been working with trustees and the charity’s executive team “since April to seek a resolution to the financial challenges facing them”.

    “Through that time, we have provided support to the trust to operate through the summer and had remained hopeful that the trustees would be able to propose a sustainable solution,” she said.

    “Following their recent decision to place the trust in liquidation, we await confirmation of the liquidators’ appointment to determine its next steps, recognising how important these green spaces are to our community.”

    She said the council understood the closure of the trust would have “wide-reaching impact on our communities, and that many residents will have questions and concerns”.

    “However, at this time, due to the complex process for liquidation, we are unable to provide any further information on the individual spaces or services that are managed or provided by TCCT,” she added.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    SIF assets rise 12% in May; hybrid long-short strategies account for 70% of AUM: ValueMetrics

    June 10, 2026

    Pension funds must ’embrace’ private markets to fuel growth

    June 9, 2026

    Mutual Fund Taxation: Selling your mutual funds? Here are the taxes you may have to pay | Personal Finance

    June 9, 2026
    Leave A Reply Cancel Reply

    Top Posts

    SIF assets rise 12% in May; hybrid long-short strategies account for 70% of AUM: ValueMetrics

    June 10, 2026

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    SIF Funds Explained: The High-Conviction Alternative Redefining Smart Investing

    June 11, 2026

    The Indian investment sector in 2026 is no longer a binary choice between mass-market mutual…

    Why SEBI is rethinking how mutual fund executives’ salary is disclosed: Investor rights vs employee privacy

    June 11, 2026

    SIF assets rise 12% in May; hybrid long-short strategies account for 70% of AUM: ValueMetrics

    June 10, 2026

    ETF assets are surging. Here’s how they differ from mutual funds

    June 10, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    How To Choose Best Mutual Fund

    June 16, 2025

    Nigeria’s 2024 Capital Budget: MDAs Spend Only 25%

    September 6, 2025

    Could Yankees’ Aaron Judge hit 73 home runs someday? Teammates weigh in

    August 25, 2024
    Our Picks

    SIF Funds Explained: The High-Conviction Alternative Redefining Smart Investing

    June 11, 2026

    Why SEBI is rethinking how mutual fund executives’ salary is disclosed: Investor rights vs employee privacy

    June 11, 2026

    SIF assets rise 12% in May; hybrid long-short strategies account for 70% of AUM: ValueMetrics

    June 10, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.