THE COTSWOLD CANALS TRUST
1. To promote for the benefit of the community the reopening of the Cotswold Canals.2. To promote the restoration of the two waterways to give a balance between the needs of navigation, development, recreation, heritage, landscape conservation, wildlife and natural habitats.3. To promote the use of all the towpath as the Thames and Severn Way.
Objects
THE OBJECTS FOR WHICH THE TRUST IS ESTABLISHED ARE:(A) THE PRESERVATION, MAINTENANCE IN GOOD ORDER AND IMPROVEMENT OF CANALS, NAVIGABLE RIVERS AND INLAND WATERWAYS (HEREINAFTER CALLED “NAVIGATIONS”) FOR THE USE OF THE PUBLIC.(B) TO PROMOTE THE USE OF THE NAVIGATIONS FOR THE BENEFIT OF THE PUBLIC. (C) TO EDUCATE THE PUBLIC IN THE HISTORY, USE OF AND WILDLIFE ASSOCIATED WITH THE NAVIGATIONS.(D) TO PROVIDE RECREATIONAL AND LEISURE TIME ACTIVITIES ON THE NAVIGATION (& CONNECTED WATERWAYS AND TOWPATHS) IN THE INTERESTS OF SOCIAL WELFARE FOR THOSE WHO HAVE NEED, FOR EXAMPLE BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES WITH A VIEW TO IMPROVING THE CONDITIONS OF LIFE OF SUCH PERSONS.(E) TO FURTHER FOR PUBLIC AND ENVIRONMENTAL BENEFIT, THE ENHANCEMENT OF THE NATURAL FEATURES AND WILDLIFE HABITATS OF THE NAVIGATIONS LANDSCAPE.(F) TO FURTHER ANY PURPOSE WHICH IS EXCLUSIVELY CHARITABLE UNDER THE LAW OF ENGLAND AND WALES CONNECTED WITH THE NAVIGATIONS.?
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1,636,375, significantly exceeding the trustees' stated policy target of £200,000. The charity reported a net increase in funds of £123,201 for the year, driven by increased legacy income and dividends from its trading subsidiary. The independent auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.
What the accounts disclose
“The Trustees reviewed the level of the general fund reserve and in the light of increased overhead levels decided to increase it by £50,000 to £200,000.” — page 9
“During the year, grants were paid to Stroud Valleys Canal Company totalling £36,000”
“Sales regarding the reimbursment of operating costs were invoiced to the Stroud Valleys Canal Company totallying £16,371 for the year ending 31 March 2025” — page 45
“During the year, grants were paid to Stroud Valleys Canal Company totalling £36,000”
“Sales regarding the reimbursment of operating costs were invoiced to the Stroud Valleys Canal Company totallying £16,371 for the year ending 31 March 2025” — page 45
“During the year, grants were paid to Stroud Valleys Canal Company totalling £36,000”
“Sales regarding the reimbursment of operating costs were invoiced to the Stroud Valleys Canal Company totallying £16,371 for the year ending 31 March 2025” — page 45
Policies the charity declares
- Bullying and harassment policy and procedures
- 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
- 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
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 350
- Employees paid over £60,000: 1 (£80,001–£90,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 400
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 941
- Trustee benefits, answered Yes to: any trustee benefit; other trustee benefit
- Has a trading subsidiary
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (14/09/2020)
Trustees
- David Haggchair
- Caroline Kendall
- Daniel Mobley
- David Geoffrey Higgs
- Douglas John Looman
- James Trumper
- John Allan
- John Newton
- Matthew Duncan Lee
- Nicholas Rowson
- STEPHEN JOHN PICKOVER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £609k | £485k |
| 31/03/2024 | £537k | £434k |
| 31/03/2023 | £837k | £407k |
| 31/03/2022 | £1.2m | £506k |
| 31/03/2021 | £710k | £3.1m |
Common questions
Is THE COTSWOLD CANALS TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,636,375, significantly exceeding the trustees' stated policy target of £200,000. The charity reported a net increase in funds of £123,201 for the year, driven by increased legacy income and dividends from its trading subsidiary. The independent auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Randall & Payne LLP.
Who funds THE COTSWOLD CANALS TRUST?
Funders whose own accounts filings name THE COTSWOLD CANALS TRUST as a grant recipient include J S F POLLITZER CHARITABLE SETTLEMENT, SUSANNA PEAKE CHARITABLE TRUST, THE NINEVEH CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| J S F POLLITZER CHARITABLE SETTLEMENT | FY2025 | £5k | Conservation & Environment |
| SUSANNA PEAKE CHARITABLE TRUST | FY2025 | £5k | |
| J S F POLLITZER CHARITABLE SETTLEMENT | FY2024 | £4k | Conservation & Environment |
| THE NINEVEH CHARITABLE TRUST | FY2021 | £4k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 03/04/2006 | £20k | "Discovering the Cotswolds Canals" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| M J CAMP CHARITABLE FOUNDATION | 2 | £631k |
| THE FIDELITY UK FOUNDATION | 1 | £384k |
| JOHN ELLERMAN FOUNDATION | 1 | £120k |
| THE BANISTER CHARITABLE TRUST | 1 | £95k |
| THE WOODLAND TRUST | 1 | £85k |
| THE COMMUNITY FOUNDATION FOR WILTSHIRE & SWINDON | 1 | £33k |
| THE UNDERWOOD TRUST | 1 | £25k |
| THE PORTRACK CHARITABLE TRUST | 1 | £15k |
Charities like this
- COTSWOLDS RIVERS TRUST
- THE CHESTERFIELD CANAL TRUST LIMITED
- CANAL MUSEUM TRUST
- THE RIVERS TRUST
- WILTS & BERKS CANAL TRUST
- THE WEY AND ARUN CANAL TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE COTSWOLD CANALS TRUST | £609k | — | — | unclear | — | no doubt |
| COTSWOLDS RIVERS TRUST | £47k | — | 0 | within | — | no doubt |
| THE CHESTERFIELD CANAL TRUST LIMITED | £1.0m | — | 0 | above | — | no doubt |
| CANAL MUSEUM TRUST | £288k | — | 0 | unclear | — | no doubt |
| THE RIVERS TRUST | £10.5m | — | — | above | — | no doubt |
| WILTS & BERKS CANAL TRUST | £347k | — | 0 | unclear | — | no doubt |