CANAL & RIVER TRUST
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.
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.
What the accounts disclose
“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
“The brought forward Group pension deficit of £43.0m decreased to £40.3m during the year.” — page 27
“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
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "within" (FY2025).
In the news
- Canal & River Trust: Gloucester Docks dredging budget doubled
- Canal & River Trust doubles funding to tackle silt in Gloucester Docks | News - Greatest Hits Radio (Gloucestershire)
- Canal & River Trust launches citizens’ panel to shape future of boat licensing
- Canal & River Trust suspends 14-day movement rule in England and Wales as drought worsens
- Canal & River Trust asks boaters to help shape future of UK waterways licensing
- Canal & River Trust survey shows boater satisfaction falling after drought disruption
- Long-serving directors to leave Canal & River Trust as it reduces top team
- Canal & River Trust restructures executive team amid ‘demanding’ environment
Funders the charity credits
- Postcode Lottery
UK research funding (UKRI Gateway to Research)
- GRAM - Gravity for Rivers Agriculture and Mines
- GroundsWell: Community-engaged and Data-informed Systems Transformation of Urban Green and Blue Space for Population Health
- The Proactive Infrastructure Monitoring and Evaluation (PRIME) System: Technology Demonstrator for Remote Monitoring of Transportation Earthworks
- The Proactive Infrastructure Monitoring and Evaluation System (PRIME): Enabling Intelligent Earthworks Management
- Infrastructure KE Fellowship (Enhancing the resilience of infrastructure to climate change & extreme weather using automated monitoring technologies)
- GRAM - Gravity for Rivers, Agriculture and Mines
- EUWATHER
- Capability for Human Bioarchaeology and Digital Collections
- Understanding the Value of Outdoor Culture and Heritage Capital for Decision Makers
- Yorkshire iCASP - Yorkshire Integrated Catchment Solutions Programme
Property (HM Land Registry)
Advertised salaries (public job ads)
- Works Inspector (Clerk of Works)
- Marketing Automation Executive (Fundraising Operations)
- Construction - Operative
- Apprentice Civil Engineering Technician
- Principal Environment Lawyer
- Senior Hydrologist
- Senior Civil Engineer (Concept Design)
- Waterway Operative
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (08/01/2025)
- Received assets from another charity (13/09/2021)
- Received assets from another charity (15/02/2016)
Trustees
- David Orr CBEchair
- Bronagh Kennedy
- Clair Jennifer Price CBE
- IAN PETERS
- SIR CHRISTOPHER KELLY KCB
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 25/03/2026 | £167k | Strategic Partnership 2022-25 |
| The National Lottery Community Fund | 29/01/2026 | £283k | Forging Futures |
| Postcode Lottery | 25/02/2025 | £2.5m | Regular Grant 2025 |
| Sport England | 02/07/2024 | £1.7m | Strategic Partnership 2022-25 |
| UK government | 21/06/2024 | £13k | Canal and River Woodland Creation |
| UK government | 01/04/2024 | £47k | PGW 1104b-CF2516 |
| UK government | 01/04/2024 | £3k | GCA DEL RPA LEGACY ENVIRONMENTAL GRANTS |
| UK government | 01/04/2024 | £94k | Ellesmere Boatyard Shropshire |
| The National Lottery Heritage Fund | 25/03/2024 | £256k | "Vitality from the Vyrnwy" |
| Postcode Lottery | 01/12/2023 | £2.5m | Regular Grant 2024 |
| The National Lottery Heritage Fund | 07/09/2023 | £410k | "Ellesmere Yard - Forging Ahead" |
| UK government | 01/04/2023 | £3k | GCA DEL RPA LEGACY ENVIRONMENTAL GRANTS |
| UK government | 01/04/2023 | £45k | PGW 0975-CF2207 |
| UK government | 01/04/2023 | £133k | Ellesmere Boatyard Shropshire, (CRT owned) |
| Postcode Lottery | 07/02/2023 | £2.6m | Regular Grant 2023 |
| The National Lottery Heritage Fund | 22/11/2022 | £574k | "Engineering the Future" |
| The National Lottery Heritage Fund | 05/07/2022 | £61k | "Camlas Abertawe 225 / Swansea Canal 225" |
| UK government | 01/04/2022 | £14k | PGW 0896-CF1895-Tees Barrage 2223 |
| UK government | 01/03/2022 | £167k | ALB-Sport England-COVID-19 Tackling Inequalities Fund |
| Sport England | 01/03/2022 | £167k | COVID-19 Tackling Inequalities Fund |
| Postcode Lottery | 10/02/2022 | £2.5m | Regular Grant 2022 |
| Greater London Authority | 11/12/2021 | £55k | Grant to Canal & River Trust |
| The National Lottery Community Fund | 04/10/2021 | £143k | Homegrown Homespun |
| Sport England | 19/07/2021 | £10k | TGC CF Let's Paddle |
| Sport England | 23/03/2021 | £140k | COVID-19 Tackling Inequalities Fund |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| M J CAMP CHARITABLE FOUNDATION | 2 | £521k |
| THE WILLIAM ALLEN YOUNG CHARITABLE TRUST | 1 | £9k |
| BNA CHARITABLE INCORPORATED ORGANISATION | 1 | £5k |
| G M C TRUST | 1 | £4k |
| THE NINEVEH CHARITABLE TRUST | 1 | £4k |
Charities like this
- THE CHESTERFIELD CANAL TRUST LIMITED
- THE WEY AND ARUN CANAL TRUST LIMITED
- HEREFORDSHIRE AND GLOUCESTERSHIRE CANAL TRUST LIMITED
- THE INLAND WATERWAYS ASSOCIATION
- MERSEY RIVERS TRUST
- THE CALDER AND COLNE RIVERS TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CANAL & RIVER TRUST | £232.6m | — | — | within | — | no doubt |
| THE CHESTERFIELD CANAL TRUST LIMITED | £1.0m | — | 0 | above | — | no doubt |
| THE WEY AND ARUN CANAL TRUST LIMITED | £816k | — | 0 | above | — | no doubt |
| HEREFORDSHIRE AND GLOUCESTERSHIRE CANAL TRUST LIMITED | £195k | — | 0 | unclear | — | no doubt |
| THE INLAND WATERWAYS ASSOCIATION | £1.5m | — | 0 | unclear | — | no doubt |
| MERSEY RIVERS TRUST | £1.2m | unclear | 0 | above | — | no doubt |