Far fewer visitors came to Cornwall in 2012 due to a combination of the Olympics, poor summer and autumn weather and the lasting effects of the recession.
This, coupled with enormous pressure on income in the charity sector and the well-documented challenges of fundraising in the current economic climate have made it necessary to make substantial cuts to the cost base.
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A teenage girl who drowned when a speedboat capsized was wearing a buoyancy aid that was too large for her.
An inquest into the death of a 14-year-old girl who died after becoming trapped under a speedboat in Devon resumes today.