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CANAL MINISTRIES

Registered charity 1113130 · accounts filings on the Charity Commission register · also known as CANAL AND INLAND WATERWAYS MINISTRIES

OUR WORK IS MAINLY AMONG THOSE WHO LIVE, WORK, FISH, WALK OR VISIT THE INLAND WATERWAYS. WE ARE ALWAYS WILLING TO LISTEN AND OFFER HELP TO BRITISH WATERWAYS STAFF, SOME OF WHOM FACE CONSIDERABLE TRAUMA, WHENEVER THERE ARE ACCIDENTS AND SADLY, SOMETIMES, DEATHS ON THE WATERWAYS. BRITISH WATERWAYS HAVE ALWAYS RECOGNIZED THE CHAPLAINCY.

Causes: The Prevention Or Relief Of Poverty · Religious Activities · website · Get email alerts

Latest income
£37k
Latest spending
£32k
Registered
2006
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £28,755 at the end of the period, which is below the trustees' stated policy target of three months' operating costs. While a legacy donation strengthened the financial position, the trustees note that reduced income requires a review of operating costs and the seeking of new funding sources in the following year.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months operating cost (held: £29k)
“The charity generally aims to keep three months operating cost as reserves.”
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“At the end of 2024 we realise that reduced income will need us to review operating costs in 2025 and seek new sources of income. The legacy donation has provided a significant boost to finances but realise this level of donation cannot be relied upon in the future.”
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Minor conflict of interest disclosed regarding a trustee's family member bidding for website development.
“Canal Ministries is currently operating with a minor conflict of interest that is registered in the Col register and reviewed at each trustees meeting. A Trustee is the father of one of the companies that bid for the new website development.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£37k£32k
31/12/2023£31k£24k
31/12/2022£30k£27k
31/12/2021£25k£18k
31/12/2020£22k£32k

Common questions

Is CANAL MINISTRIES financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £28,755 at the end of the period, which is below the trustees' stated policy target of three months' operating costs. While a legacy donation strengthened the financial position, the trustees note that reduced income requires a review of operating costs and the seeking of new funding sources in the following year. Its FY2024 accounts were independently examined.