C&RT Financial Planning

[boatone]

IWA report HERE

The full text of John Dodwells speech makes quite interesting reading and emphasises the difference in scale between the C&RT waterways and the non tidal Thames - C&RT income around £150 million, Thames about £20m.

Download a word document HERE

Extract

Funding
We are among the top 20 UK charities – about the 13th largest. We have some 1,500 staff and an annual income of about £150m – all of which we spend. We have an endowment fund of about £460m – mainly in waterside properties e.g. Paddington Basin. This produces rents of a bit over 1/3rd of our approx £100m non-Government income. Boats produce about £30m a year. We charge cable companies to lay their cables in our towpaths and we sell water for cooling and other industrial purposes. Half of Bristol’s water comes from the Severn and then down the Gloucester and Sharpness – and we charge for that. The Government grant has varied over the years but we now have a 15 year legal contract worth an initial £39m a year - and rising. Now, the Government doesn’t just give us the money for fun – they recognise the essential part waterways play in land drainage and also the part they play in tourism and in providing a free towpath for those on foot – helping to keep the nation healthy.

One benefit of the Government contract is that from now on every extra £ we earn and every extra £ we save – we keep. In the past, as you know, there was a tendency for the Government grant to be cut.

 

[TrueBlue]

IWA report

The full text of John Dodwells speech makes quite interesting reading and emphasises the difference in scale between the C&RT waterways and the non tidal Thames - C&RT income around £150 million, Thames about £20m.

QI - perhaps very interesting.
CART got a lot of assets from BW including the actual track and infrastructure.

EA have not a lot to offer CART - should the trust take over - apart from the locks, EA only own the water, the river bed and banks are owned by a number of riparian owners. Some of the income from the navigations are syphoned off into other pots before they get to the navigations accounts.

A bum deal for CART and for anyone trying to make sense of how to increase income for the navigation part.