CANAL & RIVER TRUST

Registered charity 1146792 · accounts filings on the Charity Commission register · also known as CRT; CANAL AND RIVER TRUST; GLANDWR CYMRU

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.

Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · Economic/community Development/employment · Recreation · Other Charitable Purposes · website · Get email alerts

Latest income
£232.6m
Latest spending
£233.4m
Registered
2012
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total income decreased to £232.6m from £237.3m in the prior year, while charitable expenditure was £184.8m. The Trust reports a net movement in funds of £22.7m, driven by significant gains on investments, resulting in total unrestricted reserves of £852.6m.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: Trustee Jennie Price was Chair of The Scout Association; Trust raised invoice for services.
“Jennie Price, Trustee, was the Chair of The Scout Association. In 2024/25 the Trust raised an invoice for £25,200 (2023/24: £25,200) to The Scout Association for services provided. As at 31 March 2025 £25,200 was unpaid (2023/24: £25,200). There were no other related party transactions between the Trust and any of the trustees or executive directors which require disclosure during the year.” — page 102
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £40.3m
“The brought forward Group pension deficit of £43.0m decreased to £40.3m during the year.” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Canal & River Trading CIC
“In 2024/25, the Trust had one principal wholly owned trading subsidiary, Canal & River Trading CIC. The Canal & River Trading CIC is a community interest company that conducts trading and investment activities.” — page 31
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by BDO LLP. Discloses 3 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

In the news

Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).

Public fundraising profile: JustGiving — Canal & River Trust (matched by registered charity number).

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

UK research funding (UKRI Gateway to Research)

Property (HM Land Registry)

7,226 registered titles in England and Wales held by the charity’s company or corporate body (7043 freehold); recorded price paid £157.7m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustpilot: Canal & River Trust scores 1.7/5 from 96 reviews (source) — reviews usually concern the charity’s shops or services, not its charitable performance.

Public profiles (found on the charity’s own website): facebook (894,078 likes) · instagram (75K followers)

Advertised salaries (public job ads)

Roles this charity has advertised on CharityJob, matched on the exact employer name. A different source from the statutory pay bands above: these are asking salaries for vacancies, not what anyone was paid.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£232.6m
Total spending
£233.4m
Cost of raising funds
£48.0m
Reserves (reported)
£852.6m
Employees
1,805

Reported reserves equal ~43.8 months of spending — in the top quarter for charities its size (median 2.7 months; benchmarks).

Per its annual return, largest income source: Other trading activities (43% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 20.6% of total income — above the median for charities its size (2.9%) (benchmarks).

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
31/03/2025£232.6m£233.4m
31/03/2024£237.3m£252.4m
31/03/2023£225.1m£247.9m
31/03/2022£214.6m£221.8m
31/03/2021£215.4m£221.3m

Common questions

Is CANAL & RIVER TRUST financially healthy?

Per its FY2025 accounts: The accounts state that total income decreased to £232.6m from £237.3m in the prior year, while charitable expenditure was £184.8m. The Trust reports a net movement in funds of £22.7m, driven by significant gains on investments, resulting in total unrestricted reserves of £852.6m. Its FY2025 accounts were audited by BDO LLP.

Who funds CANAL & RIVER TRUST?

Funders whose own accounts filings name CANAL & RIVER TRUST as a grant recipient include GREENHAM TRUST LTD, THE JOHN R. MURRAY CHARITABLE TRUST, KUSUMA TRUST UK, COMMUNITY FOUNDATION FOR WAKEFIELD, MARKET HARBOROUGH BUILDING SOCIETY CHARITABLE FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
GREENHAM TRUST LTDFY2024£1.9mNature & Conservation / Canal towpath enhancement
THE JOHN R. MURRAY CHARITABLE TRUSTFY2021£602kAdvancement of education
KUSUMA TRUST UKFY2025£150kWOW-Wings on Water
THE JOHN R. MURRAY CHARITABLE TRUSTFY2022£36kAdvancement of the arts, culture, heritage and science
GREENHAM TRUST LTDFY2025£25k
THE JOHN R. MURRAY CHARITABLE TRUSTFY2023£15kAdvancement of the arts, culture, heritage and science
THE JOHN R. MURRAY CHARITABLE TRUSTFY2024£7kAdvancement of the arts, culture, heritage and science
COMMUNITY FOUNDATION FOR WAKEFIELDFY2024£5k
MARKET HARBOROUGH BUILDING SOCIETY CHARITABLE FOUNDATIONFY2021£5k
COMMUNITY FOUNDATION FOR WAKEFIELDFY2023£5kGrants Payable
THE INLAND WATERWAYS ASSOCIATIONFY2025£3kDonation
THE MARY HOMFRAY CHARITABLE TRUSTFY2023£2k
THE HELEN JEAN COPE CHARITYFY2023£1k
WHITLEY ANIMAL PROTECTION TRUSTFY2022£1k
COMMUNITY FOUNDATION FOR WAKEFIELDFY2025£344Haribo Happiness Together
WHITLEY ANIMAL PROTECTION TRUSTFY2023£0

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
Sport England25/03/2026£167kStrategic Partnership 2022-25
The National Lottery Community Fund29/01/2026£283kForging Futures
Postcode Lottery25/02/2025£2.5mRegular Grant 2025
Sport England02/07/2024£1.7mStrategic Partnership 2022-25
UK government21/06/2024£13kCanal and River Woodland Creation
UK government01/04/2024£47kPGW 1104b-CF2516
UK government01/04/2024£3kGCA DEL RPA LEGACY ENVIRONMENTAL GRANTS
UK government01/04/2024£94kEllesmere Boatyard Shropshire
The National Lottery Heritage Fund25/03/2024£256k"Vitality from the Vyrnwy"
Postcode Lottery01/12/2023£2.5mRegular Grant 2024
The National Lottery Heritage Fund07/09/2023£410k"Ellesmere Yard - Forging Ahead"
UK government01/04/2023£3kGCA DEL RPA LEGACY ENVIRONMENTAL GRANTS
UK government01/04/2023£45kPGW 0975-CF2207
UK government01/04/2023£133kEllesmere Boatyard Shropshire, (CRT owned)
Postcode Lottery07/02/2023£2.6mRegular Grant 2023
The National Lottery Heritage Fund22/11/2022£574k"Engineering the Future"
The National Lottery Heritage Fund05/07/2022£61k"Camlas Abertawe 225 / Swansea Canal 225"
UK government01/04/2022£14kPGW 0896-CF1895-Tees Barrage 2223
UK government01/03/2022£167kALB-Sport England-COVID-19 Tackling Inequalities Fund
Sport England01/03/2022£167kCOVID-19 Tackling Inequalities Fund
Postcode Lottery10/02/2022£2.5mRegular Grant 2022
Greater London Authority11/12/2021£55kGrant to Canal & River Trust
The National Lottery Community Fund04/10/2021£143kHomegrown Homespun
Sport England19/07/2021£10kTGC CF Let's Paddle
Sport England23/03/2021£140kCOVID-19 Tackling Inequalities Fund

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE CHESTERFIELD CANAL TRUST LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
CANAL & RIVER TRUST£232.6m——within—no doubt
THE CHESTERFIELD CANAL TRUST LIMITED FY2025£1.0m—0above—no doubt
THE WEY AND ARUN CANAL TRUST LIMITED FY2024£816k—0above—no doubt
HEREFORDSHIRE AND GLOUCESTERSHIRE CANAL TRUST LIMITED FY2024£195k—0unclear—no doubt
THE INLAND WATERWAYS ASSOCIATION FY2025£1.5m—0unclear—no doubt
MERSEY RIVERS TRUST FY2025£1.2munclear0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.