Guernsey's Town Centre Partnership is to come to an end after 19 years.
The charity was formed in 2000 with the intention of improving the island, specifically focusing on the town centre.
Events such as the Town Carnival and concerts in Candie Gardens and Market Square have showcased talent from home and abroad.
Executive Officer Jack Honeybill has announced he will be stepping down from his role.
Along with his retirement from the position, Guernsey's Town Carnival will take place for the final time and will be a celebration of what the charity has achieved.
The St Peter Port seafront event has grown year after year, with a spend of over £50,000 expected in 2019.
Mr Honeybill said the charity is "actively looking" for someone to take on the role and "hopeful" that will happen for 2020, but he understands the carnival is too much for someone to take on.
He added it is a "great shame" however it has been rewarding experience and he is pleased with the success of what has been achieved.
All events scheduled for this year are due to take place as planned.