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Canal & River Trust publishes its 2020/21 Annual Report


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PRESS RELEASE

 

28th October 2021

 

Canal & River Trust publishes its 2020/21 Annual Report

 

Canal & River Trust has today (28 October) published its 2020/21 Annual Report & Accounts which document a year dominated by Covid-19, from the pandemic’s operational and financial impact on the Trust, to the lifeline the waterways and towpaths provided throughout for millions of people across England and Wales. The Report also looks ahead to the 2021/22 Government Grant Review, and demonstrating the waterways’ benefit to the nation.

 

The Trust’s income was £215.4 million in 2020/21 (2019/20: £216.1m), reflecting the actions taken in recent years to ensure that its income, vital for looking after the ageing waterways infrastructure, is secure. Whilst overall spend on charitable activities decreased year-on-year by £10.8m to £183.3m, partly the result of provisions for Toddbrook Reservoir made a year ago, underlying expenditure on core maintenance, repairs and infrastructure works continued to grow.

 

There was a small decrease in the contribution from boating, moorings and waterway-related businesses to just under 19% of income in 2020/21.  This, in part, reflects the support the Trust gave to boating business and charitable partners during the pandemic and the granting of a one-month licence extension to private boat owners in light of the disruption to navigation in 2020.

 

Although maintenance works in the early part of the year were halted as the Trust responded to the immediate risks of the new virus by delivering essential emergency works only, the charity adapted its way of working and a full programme of winter repair works was completed.

 

The challenges in 2020/21 did not stop at the pandemic, with extreme weather and floods continuing to cause emergency works, with a breach on the Aire & Calder Navigation outside Goole in December, followed by Storm Christoph early in the new year causing extensive damage across the North West.  This coincided with the year-long re-build of Figure of 3 Bottom Lock, damaged during flooding in early 2020.  In total, extreme weather events cost the Trust over £5m in unplanned works. The Trust has taken considerable steps forward in the stewardship of its reservoirs, with a strengthened team and a major review of all high-risk assets (with a high consequence of failure) that will lead to a significant uplift in planned expenditure to further strengthen their resilience over the next few years.

 

Allan Leighton, chair of the Canal & River Trust, comments: “Our canals, rivers and towpaths have played a key role for so many people in the face of the national pandemic. During those times when people were restricted to their immediate area, our local waterways – on the doorstep for millions – provided the spaces that people desperately needed, to exercise and connect with nature.

 

“The role of our network as a cornerstone of a ‘natural health service’ has been fully vindicated by its value to so many people, seeking respite from the mental stress and physical limitations of the lockdowns. They provided vital access to the outdoors, to green and blue spaces, particularly critical for those living in densely populated towns and cities where access to the natural environment was so limited and so many don’t have access to a back garden.

 

“The estimated total number of visits to our waterways rose to nearly 750 million in the year, demonstrating the significant reach of our natural network, and its impact on the nation’s health and wellbeing.”

 

Richard Parry, chief executive at the Canal & River Trust, comments: “After coming through all the challenges of 2020/21, this year is critical for the Trust’s long-term future with the vital Grant Review work underway and intensifying in the months ahead as we work towards next summer’s conclusion. This wide-ranging review will provide a clear indication of the Trust’s Government grant funding from March 2027 when the current Grant Agreement comes to an end. It will make the case for this vital funding to continue, to support both the very considerable public benefits of, and the substantial risks associated with, our remarkable historic waterways network, at the heart of so many communities, and to re-affirm its value to the nation.”

 

To view the Annual Report & Accounts visit: https://canalrivertrust.org.uk/about-us/annual-report-and-accounts.

 

This year the Trust’s Annual Public Meeting will be hosted online on 22 November with people able to view and submit questions to the Trust’s chief executive and chair. Further details will be published on the Trust’s website.

 

ENDS

 

For further information contact Jonathan Ludford on 07747 897783 or email  jonathan.ludford@canalrivertrust.org.uk 

 

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15 hours ago, matty40s said:

I wonder which version this is...

Cough.!

CRT has three versions of its 2019/20 annual report.

 

Version 1 - This is the annual report approved by the board of trustees , received by council and filed at Companies House. It was also posted to CRT's website.

 

Version 2 - This is the falsified annual report produced to influence Defra's review of CRT performance and post 2027 funding. It was filed with the Charity Commission and replaced the approved report on CRT's website.

 

Version 3 - Having been caught falsifying its annual report, CRT has attempted to revert to the approved report on its website. Unfortunately, it has done this by modifying the falsified annual report and it has ended up with something that is slightly different. These differences are of little consequence.

 

As the 2020/21 annual report has yet to be filed at Companies House and with the Charity Commission we only have one version at the moment ...

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1 hour ago, Heartland said:

I notice the spend on Dredging is down and there is less money from licences etc. 

 

But this is only version 1

 

 

With regard to version 1, I note that the URL is https://canalrivertrust.org.uk/media/thumbnail/44810-annual-report-and-accounts-202122.pdf (my bold). Perhaps it is version 1 of the 2021/22 annual report ...

On a more serious note -
 

Taken from notes of the National Users’ Forum meeting held on Thursday 21 February 2013 -
 

Quote

.... The early years would be tough but the overall position gave the Trust certainty and the opportunity to plan and commit spending in key areas such as dredging, where we had recently announced an investment of around £80m over the next ten years. We anticipate that our annual spend on dredging will increase from around £5m in 2012/13 to about £10m by 2021/22.


Annual report says £6.2m for 2020/21.
 

Perhaps someone will do the maths and find out by how much CRT is under-spending on its "dredge pledge".

 

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