CANAL & RIVER TRUST
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
Donations and legacies | £5.60m | |
Charitable activities | £76.70m | |
Other trading activities | £86.50m | |
Investments | £56.30m | |
Other | £0 |
Total expenditure:
£247,900,000
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 with investment gains
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.
Raising funds and other expenditure | £48.40m | |
Charitable expenditure | £199.50m |
Raising funds and other expenditure | £48.40m | |
Charitable expenditure | £199.50m | |
Retained for future use | £39.10m |
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
Trading
Trustee payments
What, who, how, where
- Education/training
- Arts/culture/heritage/science
- Environment/conservation/heritage
- Economic/community Development/employment
- Recreation
- Other Charitable Purposes
- The General Public/mankind
- Provides Buildings/facilities/open Space
- Provides Advocacy/advice/information
- Throughout England And Wales
Governance
- 13 July 2012: Standard registration
- CRT; CANAL AND RIVER TRUST; GLANDWR CYMRU (Working name)
- 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
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 | ||||
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David Orr CBE | Chair | 21 September 2022 |
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Ranjit Sondhi | Trustee | 25 September 2024 |
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Sir James Bevan | Trustee | 20 September 2023 |
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Chris Fellingham | Trustee | 20 September 2023 |
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Bronagh Kennedy | Trustee | 21 September 2022 |
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IAN PETERS | Trustee | 21 September 2022 |
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Clair Jennifer Price | Trustee | 26 September 2018 |
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SIR CHRISTOPHER KELLY KCB | Trustee | 21 September 2017 |
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DAME JENNY ABRAMSKY DBE | Trustee | 22 September 2016 |
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Tim Reeve | Trustee | 22 September 2016 |
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Janet Hogben | Trustee | 22 September 2016 |
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Financial history
Financial period end date
Income / Expenditure | 31/03/2019 | 31/03/2020 | 31/03/2021 | 31/03/2022 | 31/03/2023 | ||
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Total gross income | £210.00m | £216.10m | £215.40m | £214.60m | £225.10m | |
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Total expenditure | £201.00m | £232.80m | £221.30m | £221.80m | £247.90m | |
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Income from government contracts | £5.09m | £11.69m | £12.48m | £6.69m | £9.37m | |
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Income from government grants | £51.30m | £51.90m | £56.40m | £52.60m | £52.60m | |
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Income - Donations and legacies | £5.30m | £6.40m | £11.50m | £6.50m | £5.60m | |
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Income - Other trading activities | £76.30m | £74.90m | £77.30m | £83.00m | £86.50m | |
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Income - Charitable activities | £74.80m | £83.10m | £78.60m | £73.70m | £76.70m | |
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Income - Endowments | £0 | £0 | £0 | £0 | £0 | |
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Income - Investment | £53.40m | £51.70m | £48.00m | £51.40m | £56.30m | |
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Income - Other | £200.00k | £0 | £0 | £0 | £0 | |
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Income - Legacies | £235.00k | £33.00k | £128.00k | £303.00k | £93.00k | |
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Expenditure - Charitable activities | £156.20m | £194.10m | £183.30m | £180.20m | £199.50m | |
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Expenditure - Raising funds | £44.80m | £38.70m | £38.00m | £41.60m | £41.40m | |
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Expenditure - Governance | £500.00k | £500.00k | £500.00k | £400.00k | £400.00k | |
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Expenditure - Grants institution | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Investment management | £8.90m | £9.70m | £11.30m | £13.40m | £11.90m | |
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Expenditure - Other | £0 | £0 | £0 | £0 | £7.00m |
Assets and liabilities
Definitions for assets and liabilities
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 InvestmentsInvestments 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.
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 liabilityThis is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.
Total liabilitiesThese 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.
Asset / Liability | 31/03/2019 | 31/03/2020 | 31/03/2021 | 31/03/2022 | 31/03/2023 | ||
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Own use assets | £53.80m | £55.90m | £51.40m | £51.80m | £54.30m | |
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Long-term investments | £993.50m | £1.01bn | £1.04bn | £1.11bn | £1.01bn | |
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Other assets | £105.30m | £104.40m | £124.40m | £121.30m | £121.10m | |
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Defined benefit pension scheme asset or liability | -£69.20m | -£22.40m | -£45.70m | £42.50m | -£33.60m | |
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Total liabilities | £238.10m | £272.30m | £289.40m | £287.80m | £278.00m |
Accounts and annual returns
Title | Reporting year | Date received | Received | Download |
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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 |
Governing document
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
ENGLAND AND WALES
Linked charities
- 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
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