CANAL & RIVER TRUST

Charity number: 1146792
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Canal & River Trust is the charitable operator and guardian of 2,000 miles of historic waterways across England and Wales. In addition to caring for the waterways so that they are available for the public to enjoy, the Trust maintains the nations' third largest collection of listed heritage structures, as well as museums, archives, and hundreds of important wildlife sites.

Income and expenditure

Data for financial year ending 31 March 2023

Total income:
£225,100,000

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Donations and legacies £5.60m
Charitable activities £76.70m
Other trading activities £86.50m
Investments £56.30m
Other £0

Total expenditure:
£247,900,000

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Raising funds £41.40m
Charitable activities £199.50m
Other £7.00m

£61,900,000 investments gains (losses)

Total income includes £9,373,216 from 171 government contract(s) and £52,600,000 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £48.40m
Charitable expenditure £199.50m

People

1810 Employee(s)

11 Trustee(s)

4306 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 41
£70k to £80k 22
£80k to £90k 13
£90k to £100k 6
£100k to £110k 7
£110k to £120k 1
£120k to £130k 2
£150k to £200k 3
£200k to £250k 2

Fundraising

No information available

Trading

This charity has one or more trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
  • Environment/conservation/heritage
  • Economic/community Development/employment
  • Recreation
  • Other Charitable Purposes
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 13 July 2012: Standard registration
Organisation type:
Charitable company
Other names:
  • CRT; CANAL AND RIVER TRUST; GLANDWR CYMRU (Working name)
Company number:
07807276 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
David Orr CBE Chair 21 September 2022
None on record
Ranjit Sondhi Trustee 25 September 2024
None on record
Sir James Bevan Trustee 20 September 2023
None on record
Chris Fellingham Trustee 20 September 2023
None on record
Bronagh Kennedy Trustee 21 September 2022
None on record
IAN PETERS Trustee 21 September 2022
None on record
Clair Jennifer Price Trustee 26 September 2018
THE SCOUT ASSOCIATION
Received: On time
SIR CHRISTOPHER KELLY KCB Trustee 21 September 2017
None on record
DAME JENNY ABRAMSKY DBE Trustee 22 September 2016
THE NATIONAL LIFE STORY COLLECTION
Received: On time
Tim Reeve Trustee 22 September 2016
None on record
Janet Hogben Trustee 22 September 2016
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2019 31/03/2020 31/03/2021 31/03/2022 31/03/2023
Total gross income £210.00m £216.10m £215.40m £214.60m £225.10m
Total expenditure £201.00m £232.80m £221.30m £221.80m £247.90m
Income from government contracts £5.09m £11.69m £12.48m £6.69m £9.37m
Income from government grants £51.30m £51.90m £56.40m £52.60m £52.60m
Income - Donations and legacies £5.30m £6.40m £11.50m £6.50m £5.60m
Income - Other trading activities £76.30m £74.90m £77.30m £83.00m £86.50m
Income - Charitable activities £74.80m £83.10m £78.60m £73.70m £76.70m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £53.40m £51.70m £48.00m £51.40m £56.30m
Income - Other £200.00k £0 £0 £0 £0
Income - Legacies £235.00k £33.00k £128.00k £303.00k £93.00k
Expenditure - Charitable activities £156.20m £194.10m £183.30m £180.20m £199.50m
Expenditure - Raising funds £44.80m £38.70m £38.00m £41.60m £41.40m
Expenditure - Governance £500.00k £500.00k £500.00k £400.00k £400.00k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £8.90m £9.70m £11.30m £13.40m £11.90m
Expenditure - Other £0 £0 £0 £0 £7.00m

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2019 31/03/2020 31/03/2021 31/03/2022 31/03/2023
Own use assets £53.80m £55.90m £51.40m £51.80m £54.30m
Long-term investments £993.50m £1.01bn £1.04bn £1.11bn £1.01bn
Other assets £105.30m £104.40m £124.40m £121.30m £121.10m
Defined benefit pension scheme asset or liability -£69.20m -£22.40m -£45.70m £42.50m -£33.60m
Total liabilities £238.10m £272.30m £289.40m £287.80m £278.00m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2023 31 January 2024 On Time
Accounts and TAR 31 March 2023 31 January 2024 On Time Download Open in new window
Annual return 31 March 2022 23 January 2023 On Time
Accounts and TAR 31 March 2022 23 January 2023 On Time Download Open in new window
Annual return 31 March 2021 13 December 2021 On Time
Accounts and TAR 31 March 2021 13 December 2021 On Time Download Open in new window
Annual return 31 March 2020 22 December 2020 On Time
Accounts and TAR 31 March 2020 22 December 2020 On Time Download Open in new window
Annual return 31 March 2019 07 January 2020 On Time
Accounts and TAR 31 March 2019 07 January 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 12/10/2011 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 27/03/2012 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 26 SEP 2018 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 19 SEP 2019 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 23 SEP 2020 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 20 SEP 2023

Charitable objects

2.1 TO PRESERVE, PROTECT, OPERATE AND MANAGE INLAND WATERWAYS FOR PUBLIC BENEFIT: 2.1.1 FOR NAVIGATION; AND 2.1.2 FOR WALKING ON TOWPATHS; AND 2.1.2 FOR RECREATION OR OTHER LEISURE-TIME PURSUITS OF THE PUBLIC IN THE INTEREST OF THEIR HEALTH AND SOCIAL WELFARE; 2.2 TO PROTECT AND CONSERVE FOR PUBLIC BENEFIT SITES, OBJECTS AND BUILDINGS OF ARCHAEOLOGICAL, ARCHITECTURAL, ENGINEERING OR HISTORIC INTEREST ON, IN THE VICINITY OF, OR OTHERWISE ASSOCIATED WITH INLAND WATERWAYS; 2.3 TO FURTHER FOR THE PUBLIC BENEFIT THE CONSERVATION PROTECTION AND IMPROVEMENT OF THE NATURAL ENVIRONMENT AND LANDSCAPE OF INLAND WATERWAYS; 2.4 TO PROMOTE, FACILITATE, UNDERTAKE AND ASSIST IN, FOR PUBLIC BENEFIT, THE RESTORATION AND IMPROVEMENT OF INLAND WATERWAYS; 2.5 TO PROMOTE AND FACILITATE FOR PUBLIC BENEFIT AWARENESS, LEARNING AND EDUCATION ABOUT INLAND WATERWAYS, THEIR HISTORY, DEVELOPMENT, USE, OPERATION AND CULTURAL HERITAGE BY ALL APPROPRIATE MEANS INCLUDING THE PROVISION OF MUSEUMS; 2.6 TO PROMOTE SUSTAINABLE DEVELOPMENT IN THE VICINITY OF ANY INLAND WATERWAY FOR THE BENEFIT OF THE PUBLIC, IN PARTICULAR BY: 2.6.1 THE IMPROVEMENT OF THE CONDITIONS OF LIFE IN SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES IN SUCH VICINITY; AND 2.6.2 THE PROMOTION OF SUSTAINABLE MEANS OF ACHIEVING ECONOMIC GROWTH AND REGENERATION AND THE PRUDENT USE OF NATURAL RESOURCES; AND 2.7 TO FURTHER ANY PURPOSE WHICH IS EXCLUSIVELY CHARITABLE UNDER THE LAW OF ENGLAND AND WALES CONNECTED WITH INLAND WATERWAYS; PROVIDED THAT IN EACH CASE WHERE THE TRUST UNDERTAKES WORK IN RELATION TO PROPERTY WHICH IT DOES NOT OWN OR HOLD IN TRUST, ANY PRIVATE BENEFIT TO THE OWNER OF THE PROPERTY IS MERELY INCIDENTAL.

Area of benefit

The area the charity can operate in, as set out in its governing document.

ENGLAND AND WALES

Linked charities

Linked charities
Linked charity 1146792-2 WATERWAYS INFRASTRUCTURE TRUST
Governing document
TRUST DEED DATED 28 JUN 2012 AS AMENDED BY DEED DATED 08 JUN 2023
Charitable objects
2.1. TO OPERATE AND MANAGE THE INFRASTRUCTURE PROPERTY FOR PUBLIC BENEFIT, USE AND ENJOYMENT INCLUDING: (A) FOR NAVIGATION; (B) FOR WALKING ON TOWPATHS; AND (C) FOR RECREATION OR OTHER LEISURE-TIME PURSUITS OF THE PUBLIC IN THE INTEREST OF THEIR HEALTH AND SOCIAL WELFARE; 2.1.2. TO PROTECT AND CONSERVE, FOR PUBLIC BENEFIT, SITES, OBJECTS AND BUILDINGS OF ARCHAEOLOGICAL, ARCHITECTURAL, ENGINEERING OR HISTORIC INTEREST ON, IN THE VICINITY OF, OR OTHERWISE ASSOCIATED WITH THE INFRASTRUCTURE PROPERTY; 2.1.3. TO FURTHER, FOR PUBLIC BENEFIT, THE CONSERVATION, PROTECTION AND IMPROVEMENT OF THE NATURAL ENVIRONMENT AND LANDSCAPE OF THE INFRASTRUCTURE PROPERTY. 2.2. TO USE THE INCOME (WHICH EXPRESSION SHALL NOT INCLUDE THE PROCEEDS OF ANY CAPITAL DISPOSAL OF THE INFRASTRUCTURE PROPERTY) FOR THE PURPOSES SET OUT IN CLAUSE 2.1 AND THE FOLLOWING PURPOSES: 2.2.1. TO PROTECT AND CONSERVE, FOR PUBLIC BENEFIT, SITES, OBJECTS AND BUILDINGS OF ARCHAEOLOGICAL, ARCHITECTURAL, ENGINEERING OR HISTORIC INTEREST ON, IN THE VICINITY OF, OR OTHERWISE ASSOCIATED WITH INLAND WATERWAYS; 2.2.2. TO FURTHER, FOR PUBLIC BENEFIT, THE CONSERVATION, PROTECTION AND IMPROVEMENT OF THE NATURAL ENVIRONMENT AND LANDSCAPE OF INLAND WATERWAYS; 2.2.3. TO PROMOTE, FACILITATE, UNDERTAKE AND ASSIST IN, FOR PUBLIC BENEFIT, THE RESTORATION AND IMPROVEMENT OF INLAND WATERWAYS; 2.2.4. TO PROMOTE AND FACILITATE, FOR PUBLIC BENEFIT, AWARENESS, LEARNING AND EDUCATION ABOUT INLAND WATERWAYS, THEIR HISTORY, DEVELOPMENT, USE, OPERATION AND CULTURAL HERITAGE, BY ALL APPROPRIATE MEANS INCLUDING THE PROVISION OF MUSEUMS; 2.2.5. TO PROMOTE SUSTAINABLE DEVELOPMENT IN THE VICINITY OF ANY INLAND WATERWAY FOR THE BENEFIT OF THE PUBLIC, IN PARTICULAR BY: (A) THE IMPROVEMENT OF THE CONDITIONS OF LIFE IN SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES IN SUCH VICINITY; AND; (B) THE PROMOTION OF SUSTAINABLE MEANS OF ACHIEVING ECONOMIC GROWTH AND REGENERATION AND THE PRUDENT USE OF NATURAL RESOURCES; AND 2.2.6. TO FURTHER ANY PURPOSE WHICH IS EXCLUSIVELY CHARITABLE UNDER THE LAW OF ENGLAND AND WALES CONNECTED WITH INLAND WATERWAYS; PROVIDED THAT IN EACH CASE WHERE THE TRUST UNDERTAKES WORK IN RELATION TO PROPERTY WHICH IT DOES NOT OWN OR HOLD IN TRUST, ANY PRIVATE BENEFIT TO THE OWNER OF THE PROPERTY IS MERELY INCIDENTAL.
Area of benefit
Registration history
  • 13 July 2012 : Standard registration

Contact information

Address:
CANAL & RIVER TRUST
National Waterways Museum
South Pier Road
Ellesmere Port
Cheshire
CH65 4FW
Phone:
0303 040 4040
Email:
customer.services@canalrivertrust.org.uk
Website:

www.canalrivertrust.org.uk Open in new window