First up, a look at the problematic issue of 'Friends'. C&RT's aspiration was to recruit and retain 100,000 'Friends' over its first ten years. To achieve this, at the end of year six it should have about 60,000 'Friends'.
The target it set itself was rather more modest - just 28,500. However just four months into its sixth financial year it admitted that even 28,500 could not be achieved by year end. By the end of January its acheivement of 23,500 was still 5,000 short of its 28,500 target and and a massive 36,500 short of where it needs to be to recruit 100,000 over ten years.
In financial terms, it means that, for the sixth year in a row, C&RT will make a loss on charitable giving. Hopefully, that loss will be slightly smaller than in past years. Taken together with C&RT's recent admission that none of its Waterways Partnerships had managed to obtain third party funding for their Three Year Plans, one is left wondering what the financial advantages of C&RT being a charity really are ...
C&RT operates a traffic light system for measuring its KPI's against interim and year end targets -
- Green indicates that the KPI is ahead of target
- Yellow indicates that the KPI is behind target (possibly recoverable by year end)
- Red indicates that the KPI target cannot be achieved (unrecoverable by year end)
'Friends' has been red since month 4. By month 10 another five KPI's had joined it -