TORBAY COAST AND COUNTRYSIDE TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity reported an overall deficit of £473,743 for the year ended 31 March 2023, with net cash outflows of £117,350 leaving cash resources severely depleted. Per the trustees' report, the charity's consolidated free reserves were in deficit by £3,403,963, reflecting significant investment in the Occombe redevelopment. Despite these challenges, the trustees consider it appropriate to prepare the accounts on a going concern basis, citing expected continued support from Torbay Council and revised funding arrangements.
What the accounts disclose
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: Group 2023 No. In the band £60,001 - £70,000 1” — page 32
“The trustees remain committed to achieving a meaningful level of free reserves (unrestricted reserves, excluding those designated for specific purposes and those represented by capital assets) in line with Charity Commission best practice.” — page 8
“However, the Trustees also acknowledge that, given the deficits incurred, the precarious financial position of the Trust and the other challenges noted above, a material uncertainty exists in relation to events or conditions that cast significant doubt on the Trust and Group’s ability to realise its assets and discharge its liabilities in the normal course of business and to continue as a going concern.” — page 8
“Payments totalling £7,494 (2022: £Nil) have been made to a company owned by a Trustee. These payments were made after the Trustee resigned in the year, and the Trustee resigned as a result of the services they were planning to offer the Trust.” — page 47
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Barbara Kingchair
- Dr John Robert Lowes
- Kevin Mowat
- Matthew David Abbott
- Simon Craig Pinder
- Timothy James Herbert
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | — | — |
| 31/03/2024 | £3.1m | £3.6m |
| 31/03/2023 | £3.3m | £3.8m |
| 31/03/2022 | £2.3m | £3.0m |
| 31/03/2021 | £1.7m | £1.4m |
Common questions
Is TORBAY COAST AND COUNTRYSIDE TRUST financially healthy?
The accounts state that the charity reported an overall deficit of £473,743 for the year ended 31 March 2023, with net cash outflows of £117,350 leaving cash resources severely depleted. Per the trustees' report, the charity's consolidated free reserves were in deficit by £3,403,963, reflecting significant investment in the Occombe redevelopment. Despite these challenges, the trustees consider it appropriate to prepare the accounts on a going concern basis, citing expected continued support from Torbay Council and revised funding arrangements. Its FY2023 accounts were audited by Bishop Fleming LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 02/07/2025 | £249k | "#HP Empowering People: Building Volunteer Capacity and Leadership at TCCT whilst demonstrating the social and economic impact." |
| The National Lottery Heritage Fund | 18/09/2012 | £1.0m | "Cockington Country Park - Torbay's Green Heart" |
| The National Lottery Heritage Fund | 17/06/2008 | £851k | "Berry Head on the Edge" |
| The National Lottery Heritage Fund | 22/09/2003 | £32k | "Berry Head Future Heritage - PPG" |
| The National Lottery Heritage Fund | 28/07/2000 | £14k | "Cockington Park - Restoration Plan" |