Company Nllmher: 1904919 Charity Number: 291720 THE TWYFORD WATERWORKS TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 YORTIIO¥'F.l¢&lnAcCtNTA[sLTD CII,IRTLREDACCOiINTAWS IJIA UOllllltFthioirrH RQAO C.'Il.4NDLlSF0R
THE TWYFORD WATERWORKS TRUST TABLE OF CONTENTS PAge I Legal & Administrative Inforination Pages 2 to 10 Report of the Trustees Pagell Independent Examinevs Report Page 12 Income and Expenditure Account Page 13 Balance Sheet Pages 14 to21 Notes to the Financial Statements Page 22 Comparative Income and Expenditure Account
THE TWYFORD WATERWORKS Tkusr LEGAL AND ADMINISTKATIVE INFORMATION 'I'he Tivrford WarWorkST[UE is art inrotpDrdiedLniiiy und UTLgicthlcFwily governedby lis rnetsKJrAndum anieles nf a55llLjaljOll. CHARITY NUMBER 291720 DATE OF REGISTRATIOP4 th MAY 1985 COMPANY NUMBER 1904919 DAYE OF INCORPORATION 12th April 1985 TRUSTEES 'Ihr diicaorsofihecharitablt cnmrdrty are its SnL4ets for Ihe wttW5 laM'Bnd th reptmt arc Coltively refcrred loas Iktn15e%. CNAIR C Fttdwick VICE-CHAIR M Feldwltk TREASURER R A Broadway COMPAIYYSECRrrARY J Athtrto OTHER TRVSTEES C Billin%hurst A Dickson S Smitli A Down R Caine R Fish J Jones I#pTMbinted 3rd F¢bThary 202SI TRUSTBE REPRFSENfATIVLS P Moore S Cook R Humby REprtstDlIg H3fftyshiT+ Building Pre5erV4tiu Trn5t REprtttniith8 WinrhesieT City C•unril 9fft11Twyfo¥d PArish Council RpSEntIng HRmp5hlrCuunty Co•u£il- Resl8ned29ffj5/24 ADDRESSES PRINCIPAL ADDRESS 40 Chamberlayrte R¢vdd Eastlel2h Hllmpshire S051b 5JH ACCOUNTANTS Northover & Co. AccOuntats Ltd 132A BourDtmDUth Roa(l. ChadIerS Ford, Hampshire SO53 JAL BANKERS Lloyds B#nk PLC 77 Sliirley [11h Street Soutliampton S015 3TX
THE TWYFORD WA TERWORKS TRUST REPORT OF THE TRUSTEES AND DIREcfoRS FOR THE YEAR ENDED 31ST MARCH 2025 The trustees present their e)rt and financiai statements for the ycar ended 31 h(arch 2025. The financial 5tat¢ments have been prepared in accordance with the accounting policies set out in noie 110 the financial ststements and comply with the charity'5 COJlStitution, tlic Charities Act 2022 and "Accounting and Reporting by Charities.. Stat¢ment of Recommended Practice &pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effectlve l January 2019)" OBJECTS OF THE CHARITY The objeet of the Trust is to preserve and maintain the fomjer parts of Twyford Waterworks Hampshire as a tnuseum for the education and benefit of the public generally and to promoÈe the preservation and display of all things and matters associated with the abstraciion, treatment, disiribuiion, and consumption of water. In pursuit of these aims th¢ Trust maintains th¢ heritage plant and equipment at TwyfoTd Waterworks and aTran8es for its insurance and inspection. The Trust organises educational tours of the Waterworks and public open days nomially on ihe first Sunday in each month from May to October. ORGAf41SATION A Board of Trttee$ l¢uryently 13 members) is responsible for the Trust, comprising Chair. Vi¢e- Chair, Treasurer, Company Secretary. a representative Irom Harnpshire County Council, Twyford Parish Coun¢il, and Hampshire Buildings Preservation Trust and 6 trnsiees representing the main pra¢ti¢al activities of ihe Trust. We also hav¢ a Minute Secretary in attendance. T1 Board meets four t21nes a year, ]d communic&tes regularly via other meetings and e-mails. Day to day operational reSnqlbilIlY fDr the site in line with our a8teed budget and plan is Steered by the Management Team, which has representation from evely aspect of the Tn]st's oFtratÉons. The Trust is 100% voluntary.
THE TWYFORD WATERWORKS TRUST REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS. The aim of the Tst is to preserve Twylord Waterworks as a Scheduled Ancietkt Monument, and to develop its educational and leisure potential through th¢ forn)aiion of a Museum of Water Supply. This is achieved by ihe restoration and maintenance of ihe surv5ving buildings and machinery. by management of the slte, by the collection of m&terials for the museuin, and by the interpretation and presentation of the 5lte. buildings and ma¢hinery lo visitors. During 2023 the Trust considered wl)ether it should aiin to become an Accredited Museum. and with 5uppon froTll South East Museum Developm¢nl applied for eligibility, whsch was granted. It 15 now'working Towards Accrediiation,, which it is hoped with be eompleted in 2026. The Trust works closely with its Landlord. Southern Water, who are suprK)rtive of the Trust's aims. although do not Wish lo have representation on the Trn5t's Board. Regular meetings between Trust and Southern Water to consider boih Southern Water's requirements to tnaintain and develop the water abstraction on ihe site. and the Ti'ust's maintenance and development of its pans of the site have Continued ihroughout this period, steered by the Chair. The TTUSt liaises and works with a number of other comparable heritage groups. The TFU5t has a good relation8hip with Historic England. the South Downs National Park Authoiity. and County. City and PaTish Councils. The Trust is a member of the Association of liidependent Museums (AIM). Tourism South East (TSE) and ihe Industrial Heriraoe Network South East IIHNSE). The restoration and inteipretalion of the Lime Kilns and Water Softening Buildings io enable this part of the water production process to be better underStd lias been significantly advanced by agreernent from Southern Water to have tl)ese buildings, and the rest af the site. surveyed by an external con)pany to deknine the works rquired. This was carried tsut in NovembET. and the report is awaited. Studio BAD'S proposal to eonvert the cleaT water tanks aRd extend these to form a new visitor centreltea roornlexhibiiion space, and volunteer facilities have been extensively reviewed within Southern Water, and broad a8JEeixent has been given subject to several caveats. DisCUSSiOnS have been held* primarily with the NHLF. to gauge how this should be approwhed. and Chris Ilore of Selway Joyce Ltd, has agTeed to cost the Stiidio BAD proposals. Once these and those froni Southem Water are knowii our Board of Trustees will decide wheiher to proceed with this project
THE TWYFORD WATERWORKS TRUST REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS (CONT.) As usual the fn]st was able to offer a full 5eabon olvolunteer work, Open Days and tours in 2024, and enjoyed another su¢¢essful year. Tli¢ TnLSt held 7 Tnain Open Days- two bein8 on consecutive days over the &lY May bank holiday. where the second day was run in conjunction with the Friends of King Alfred Buses Running Day. which was very popular. Other Open Days were h¢ld in June, July. August. September and October. VisitOT ttumbers were overall high, and again volunteer nujnbers hve also increased. whilst many new Friends join¢d the Trust. Ensuring that the Waterwork5 site ig safe for voluntee13 and vi5itOTS is paramounl and during this period ihe Trust has continued to Ix)th maintaill and enhance this. The defibi'illator installed in 2022 is chked and maintained weekly, and is available to all on siie. Every Open Day has a designated 'Firsi Alder in ChaTge'. and those trained in 2022 are asked to be part of a list of First Aiders available should thks be required. Following training in 2023, the Trus1 now has a small team of Fir¢ Wardens. with a'Fire Warden in Charge, and a list of Fire Wardens on site at each event. The Trust remains most gratetul to Souihern Water tor their generous support with trailling. Health and Safety of volunteers and the public is a key item for ow Bt)ard of Trustees. H&S continues to be managed by a small team of Trust voluntcers. A review of the Trust's procedures ha5 continued, and the Volunteer Handbook is reviewed and revised as required annually, al circlllated to all volunteers for sign-off. VolLITlteer I'raining is now recorded centr&lly, attd ea¢h area is requested to carry Out training on a regular basis and submit their records. Security is always a majgr consideration giv¢n the relatively isolated location of Éhe Waierwork5 and rliis is continuously reviewed. A small dedicated 8roup of volunteer5 maintain a regular daily ciwk of the sile, and tnore would be welcomed to take this on. The Trust continues to mainiain Southern Water's'locked gate. policy at all tiTnes when the gate is not manned. Tile buildin8s are Alarnied as part ol-southern Water's system, and the TEUSt t5 grateful for IKRn8 included tn their security plans.
THE TWYFORD WATERWORKS TRUST REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 REVIEW OF ACTIVITIES AND FUTUIIE DEVELOPMENTS (CONT.) The car parking field, which 1.8 leased separately froin Southetn Water. is a huge asset lo the Trust. FuTth¢T work has been carri out to Inake IMOT¢ available for parking, whilst the additionAI area gÉven by Southern Waith. io COTnpensate the area iaken froln the Rectifier House land, has been improved too. All is regularly mown during the growing season. Dur)ng 2024 it proved to be just suflicient for th¢ number of visitor cars, helped signifLC4lntly by careful parking as dire¢ted by the car park team. The variation of the Tnain le&se to reflect the loss of the Reetifier House land remains to be produced by Southern Water. Work to the ¢himney has proceeded throughout this period. Thi5 is being directed and financed by Souihem Watei., with advice and guidance provided by Historic England. and the Trust as required. The work has involved the use of some impressive scaffolding, protected by intruder alarnis and CCTV monitoring. The top 50 foot been Lompletely rcpointed. the bands have be¢n repaLDted and a Second lightning coftductor ha5 been insialled. as agireed. During the work a small number of brick% disinlegrated, and these, apart from one. We replaced by bricks of similar age, colour and texture supplied by the Trust, being recovered frojn the site many years ago. It is expected thAt the hnal brick will be replaced in mid 2025, neces5ltating thc use of a large cherry-picker due io its difficult I0¢10n. Good liaison between Southern Water and ihe Trust has continued regarding projects that Southern Wat¢r needs to carry Out. and ihe Chair and Vice-¢hair are included in many meetings. both Teams online and on site. The projecl to replace tlie main plwork commen¢ed in October 2024 and was completed in April 2025 at a ¢05t of £2.3 milliort. Tiiis iiiyolved ihc provision of an ow¢rhead pipeline while the old pipes were removed, the height of this being suffjcient for the Trust to move items undemeath up to a fitll-5ize traction engFine. The Trust allowed the contractors to use an area behiiid the B4)ileT House to place a ¢ontain¢T for storagc of mateTials. The project to remove valves undcr the wildlile-sensitivc bank opposite the Diesel House was delayed by the pipework project, and it has been agreed to commenee this in lale Iktober 2025. A draft RAMS has been discussed with Southern WateT in preparation for this. The Trus( has been invalved in discussions wilh both Southern Water and Historic England regarding a further projeci to i'eplaee the floorinbF iii the Southern Water part of the main building. alld this is expecied to coinmence in mid-2025. No progress hA5 been made regarding ihe replacerneni/enhaiic£mcnt of the buildit]g alarn] system. In all cases the liaison b¢iween Southern Wai¢r and our Trusi has been good, and eTrsures that our T¥usl is tully engaged with necessary workts dnd is included in applications for Scheduled Mollument Consents from the Secretary of Statc l Historic England.
THE TWYFORD WATERWORKS TRUST REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS {cof¥T.) The Waterworks remains generally in good ¢ondi1sOn. thanks to an effective work programme devised by Éhe Vice-chair and agreed by the Management Team, and the small, dedieated band of volunteers who work throllghout the year r¢pairing, I'epl1nB and redeeoratillg to ensure that the site is presented in the best possible way. The Steam TEam Continues to keep the 14athoTn Davey engine. Babcock boiler and all the associated steam plant in superb working order, and steain operation was available at a]12024 Open Days. The tearn consists of 6 volunteers. Work to the boiler during the winter of 2024 included repairing a leak on a mud dNm door, expertly carried out with extemal assistsnce to the approval of our insurer5. The usual full prograTnm¢ of work was also carried oui to ensure that (he boiler and engine were ieady for the annual insurance inspections, which were passed T¢ady for the 2025 season. 'rhe escalating price &nd availability of 5Ultable coal remairLS of concern to the Trust. but sufficient supplies were sourced for the 5teamings. AfteT the closure of the Multitum Twyford site, wood has been sourced from a variely of places. from local mana¥ed woodland to timber offcuts. but ther¢ was a need to purchase firewood from a timberyard, which in¢reased tile cost ol'st&iming further. The Internal Combllstion Team keeps the Diesel and Trdnsfer Houses in excellent condition, and both woyking Ruston engines were operated throughout the 2024 season. Fuilher major attention has been given duTing the winter n]onths to the engines. and especsally the Lister CS, in the Filter Hou5 and The collectson of st111 engines housed in the Diesel Housc. and many of these are demonstrated at Open Days. I'here is always an irnpressive line-up of these running outside the Diesel House at most Open Days. whilsi visitorb to the FilteT House are able to See the collection of engines and pumps from other water-related locations in operation. Around the lower site the buildings have been kept in good repair and decoiation as required. The deep store created at the rear of the Filter House has proved to be invaluable for the siorage of items currently Tequired foT use or displ8y. and the area above this provides a relatively dust-free space for t)aintinÈ.
THE TWYFORD WATERWORKS TRUST REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31 ST MARCH 2025 REVIEW OF ACTIVITIES AND FUTUR£ DEVELOPMENFS (CONT.) The waier softening buildings on th¢ upper part of th¢ S1¢ remain in urgent necd of major COt)servalion I restoration. Further work has been carried out to ensure that aT3y deterioration is slowed and that thc buildings aiE safe. but the need for the Water Softening project is very appaTent. The kilns and assocsated build2ngs r¢main extree1), popular with visitors. due n]lllY to their ainbience and aimosphere, and it is imp()nant that the Projeet ensure5 that this is preserved too. The buildings were surveyed by Focus con5111tiiig Ltd under the instruction of Southem Water. along with all Ihe site. and discu$5ion5 between the frust and Southern Water have commenced to 8s¢ertain the works requsred and the responsibilities for these. Despite all the S*ps to them. the kilns are regarded by many visitors as the best part of the site. and the Project will be taking accessibility into account so that everyone will be able lo enjoy them. atjd ihe view from th¢ top of the slte. The Wildlife of the Waterworks is an increasingly importgnt part of the Waterworks, as the site is one ot the best in the area to see such at] abundance ol'wild plants and animals. The whole site, n)uch of which being covered by a SINC. is inana8ed tnllowin8 the Management Plan created 20 years a8Q. Following the Wildlife Tratl, and taking part in activities such as pond dipping is a major attraction at Open Days. Tlie BElla1 planl survey in 2024 again showed all species to be either increasing or maintaining numbers and area. The Waterwork5 has some notable species whicli are not present now elsewhere in the Twyford locality. Jnaking it a last Stronghold for these and many other species. Olparticular note LS the small but Slowly increasing numbeT5 of wild or¢hid5. Unfortunately the maitt area of Con)mvn Spotted Or¢hids- these days noi so common- is where Southern Water needs to di8 to remove old piping. and a plan has been agreed to do this io ensure least disturbance. The wide range of plant spccies ensures suitabSe food plants for many buttertlies, moths and insects, as well as sources of nectar. Buiierlly tlumbers have l)een professionally counted by volunteers for almost 20 years. and the site is part of the national monitoring scheme.
THE TWYFORD WATERWORKS TRUST REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 REVIEW OF ACTIVITIE8 AND FUTURE DEVELOPMENTS Ic.of4T.) The Wildlife'ream is res]x)nsible for most of the manageinent. and for opening the Wildlift Trail at Op¢n Days. Thi5 js k¢pt mown, and maiiy of the plan15 are Itt11ed to aid identification. The Hide is full ot infonnation and this and the pond are located at the furthest point from the Waterworks. We again welcorned tlie Wediiesday Conservation Volunteers in October to help rake and clear the top meadow areas, to clear large areas of encroaching braTnbles there, and to continue work on ¢learing the $crub area below the kilns. Thc top meadows are reswnding very well to this lortg-term management. 1.he lower slope above Waterworks House ha5 also been cut and raked. and the east hedge cut back. In January 2025 a new hedge was planted to provide screening lolfor Waterworks House_ Trust volunteers lackltd the scrub around the Quarry during the wnter, which h&s once again opened this area up and made a huge difference. The Industrial Railway, which is privately 0]ed and fuiided under a contract agreement, at]d opeiated by the Railway Team, remasns a popular attraction at Open Days and attracts many railway enihusiasts. Activity again centred on the Kiln Railway in 2024, Iwith four working locornotives - the petrol and diesel Lister locomotives, the ex-tunnelling battery locomotive aT the restored Fun(on Brickworks battery locomolive in i15 original bright yellow livery. The railway is demonstrated with a llumber of wagorJ5 from various industrie5. Winter work ha5 included lineside ¢leark)n¢e and refencing. The Lister diesel loc010t]ve on loan from the Waterworks Museum- Hereford 15 receiving a major overhaul in the Workshop by metnbers of the lttteTnal Combustion and Railway Teams. This is in effect a cornplete rebiiild from its very worn conditÈon. and co]npletion is envisaged for late 2024. The Trust held seven Open Days in 2024, all of which were well patronised 8nd very Success1. It was good io be open in conjunction with the Friends of King Alfred Buses Riinning Day in May, and each bus brought many visitors. As in previous years we offercd free adniission for those who had paid for a bus programme. At all Open Days our I'ea Room and our BBQ are especially popular and perfectly complement all that the Waterwork5 ha5 to offer. Wllh everythL"ng ol-a very high quality and at reasonable prices. Both were inspected by Winchester City Council in May. and both received the tOD '5, ratlllg.
THE TWYFORD WATERWORKS TRUST REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 REVIEW OF ACTIVITIES AND FUTURE DEVELOPMEP4TS {CONT.I Admission pri¢e5 were held for the 2024 scason despite incr¢a5ed Costs. Admission remains exceptional value for money, and the Trust policy continues not to charge for children under 16. which is much appreciaied by familie5. We welcomed ma]ry exhibitors to our Open Day5 both old friend5 and new. and all ar¢ very rnuch part of the Twyford Waterwoik5 fainily. The Tn1 is inost grateful for this support, which makes each Open Day very special. Our volunteeT workforce has continued to grow duTing the lasi year, and we now have 80 volunteers who are making & big diffeiEnce to what the I'rust does. and enables us to offer so much at Open Day5. Between us all we have a vast rangie of skills and experience to share aiid are able tackle most of the tasks that face us. There is always rooTn for more, and we look forward to welcoming new volunteers throiighout 2025. Sadly we have lost several ¥ood Friends and volifftteers during the Isst 12 Inonths. and we r¢memkr each with much gratitude. These include Dale Johnson, Jennifer Gregory, Martin Gregory and Tim Moth. Membership of Friends of the Trust fell slightly. and by the end of 2024 we had 307 Friends. Tbe subscription was increased to £18 per annuTM, or £30 for two people ai the same addres5. an incr¢a5e of20°/o to cover cosls. For this Friends are kept up to date with our progress through three editions of the newsletter'The Works, Article5 for tliis are provided by each of our ltrdms. together wilh otlier new5 and photograph5, and these are then edited and set up, before being printed professionally by Sarseo Press in Winehester. Additionally we produce e-newslctter updates monthly throughoul the year. and membe]Ehip pern)iis free admission to all Open Days. Friend5 are asked lo help our regular volunteers especia]ly at Open Day4 and this usually gets a good response. RESERVES POLICY REASON FOR NEEDING RESERVES The charity requires an adequate level of reserves for the following reasons.. The Trust's income is derived predominantly from Open Days. the succe55 of which is greatly affected by ihe wcather. There is a possibility of expeiisive repairs becoming necessary to the boiler, the chirnney, and the various engl¢$. etc. AlthUgh. ai the present mosi of these expenses sre Tnet by Soutliern Water, the future funding arr&ngements by Southeri) Waier could change.
io. THE TWYFORD WA TERWORKS TRUST REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 RESERVES POLICY (CONT.) LFVEL OF RESERVES REQUIRED The charity has detem)ined that, in a typical y¢. the Tnjsi's expenditure aTnount is about £25,000. It was agreed ihat two years expenditiire. i.e. Ihe sum of £50,000. is an appropriate amount to be maintained as the reserve. At the present, the Unrericted wserves stand at £147,546. MONITORING AND REVIEW OF RKSERVES The cutreni level of ihe reserves is to be reported lo ihe Board at ils rneeting in November or December of trdch year. and the suitability of tlie presertt policy wll then be reviewed. The Irustees. rewrt Was approved by the Board of Trustees and Directors. Mr G Feldwiek Chairnwn
THE TWYFORD WATERWORKS TRUST INDEPETr4DENT EXAMINER'S REPORT TO THE TRUSTEES OF THE TWYFORD WATERWORKS TRUST I report on tlie accounts of the toinpany foi. t1 year ¢nded 31st March 2025 which a sei out on pages 12 to 22. RESPECTIVE RESPOP4SIBILITIKS OF THE TRUSTEES AND EXAMINER The tr4tstees are responsible forth¢ preparation of the &c£oun15 and ihey ¢0115ideT that an audit is nol required for thi5 year Ljnder section 144121 of Ilie Cliarilies Act 2022 (the 2022 Acil and that an independeni examinatioii is p¢rmTSSTblc. Haviiig satisfied my5¢1f Iliai ihe chaiily is not subject to an audit and is eligible for independeni examille theaccounls under seclioll 145 of tbc 2022 Act. follow the procedure5 laid down in Ihe gtnerxl DirectkDn5 BiveD by tILe Charity Cornmi55ion under yectton 14515llbl of the 2022 Act,. and state whether PRrticuiar matt¢r hve Come to my lteOn. BASIS OF IND£PEP4DENT EXAMINER'S REPORT My exami[li0n carried out in actordance with Ilie genetal DirecÈion5 given by the Chsrity Cominission. An examiiiatioii includes a review of the accoiiniiiig records kept by 15ie Charity and a coinpai'ison of the accounts presented wilh those records. It also includes eonsideTalioii of lY untssual iiems or distlosuTes in the accounlg, and s¢¢king explanations from you as irustee5 toncernin8 any such mBlters. The procediires undertaken do not provide all the evidente that would be required in an 8udii. #nd ¢on5equently no OPTnion is given as to wlioiheT the &woiiiits pre5eni a Irue and fair view" and Ihe report is limil¢d io those Inatters sel out iii Ili# siaietnent b¢low. INDEPENDENT EXAMINER'S sfATEMENT In conneciion with my eknrninaiion. iTro inatter lias coine to my aiteniion: 111 whi¢li giv Ine teasoiiable cause to believe thal in any material respect. the requiTem¢nl5' to keep accouniirtg records in ac¢ordance with section 386 of Companie5 Act 2006; and to prepare accoiiiiis which agree willi the accounting records and comply with th¢ attounling requireineiiis of sectioii 396 of the COPanieS act 2006 and with ihe meihods and principles of the St8leÈn¢nt of Re¢ornm¢nded PttiCe.. Actountingand Repo8 by Charities have iioi be£n mel,. or 10 whith. Thy opinion. Attention slwuld be drawn in OTdeTto enable a prOr undetstanding of Ilie accounts 10 be rcached. /07/2025 M A Northovcr TD FCA on behalf of NORTHOVER & CO ACCOUNTATrITS LIMITED CHARTERED ACCOUNTANTS 132A BOURNEMOUTH ROAD CHANDLERS FORD, HAMPSHIRE S053 3AL
THE TWYFORD WATERWORKS TRUST STATEMENT OF FINAf4CIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 12. SUMMARY INCOME AND EXPENDITURE ACCOUNT Restricted Unrestrleted TO NDS Not£¥ Funds Funds 21125 3024 INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for g¢nerdtlll8 funds Grants Investment itlcome iiJoi 27319 11,501 27.519 450 2,159 11.159 29.758 IQ4 1.992 (3) 450 {5) 2.159 TOTAL INCOMING RESOURCES 4S0 41,179 41,629 43,043 RESOURCES EXTENDED Cost5 for generatjrig fund5 Chai'itable activitie5 7,167 26.049 7,167 26,489 6,60Q 29,792 (71 44 TOTAL EXPENDITURE 440 33,216 33,656 35.892 NET INCOMING RESOURCES FOR THE YEAR BEFORE TRANSFERS io 7,963 7.151 Transfers bEtWe flind5 NET INCOMEI{DEFICm FOR THE YEAR io 7.973 7.151 Total funds brought forward 1.600 l39.583 134,104 TOTAL FUNDS CARRIED FORWARD 1.6111 147J46 149.156 141.255 The Income and Expendiiure A¢¢ouni in¢lud¢s all gains and losses recognised in th¢ year. All income and expendi¢ufe derives from ¢ontinuiog activities.
THE TWYFORD WATERWORKS TRUST BALANCE SHEET FOR THE YEAR ENDED 31ST MARCH 2025 13. Notes 2025 024 TANGIBLE FIXED ASSETS 1,386 3.272 CURRENT ASSETS Debtors Cash at bank and in hand 7,522 143,381 8.7J7 132.007 150,903 J40.784 CREDrroRS: Amounts falling due within one year { 12) 3,133 2.873 3,133 2.873 NET CURRENT ASSETS 147,770 J37.911 NET ASSETS £149,156 £14J.J83 CAPITAL ACCOUNTS UnrestrieÉ¢d fmnds Restricted funds 147,546 1,610 139,583 1,600 £149,156 £141,183 For thc financial y¢ar in question, the company was entitled to exetnption under section 477 of th¢ Comp&nies A¢i 2006 relating to sma15 companies. No manbers have required the company to obtain an audit of its accounts for the y¢ar in question in accordan¢¢ with section 476 of the cnpanIeS Act 2006. The direelors acknowledgc their responsibility for coinplying with the requiremeNL8 of th¢ A¢t with respect to accounting records and for the preparation of accounts. Thcse accounts have bccn prepared in aocordance wilh the provisions applicable to c<>inpani¢s subject to the small coinpanies, regime. The financial statements were approved by the board on to and sign¢d on its behalf by.. ¢& J¥LI 101( Mr C Feldwlek Chairman
THE TWYFORD WATERWORKS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3J ST MARCH 2025 14. I ACCOUNTING POLICIES l.111 BI5is of preparation of financial statemeryts The financial statements have been prepared ill accordance with the Charities SORP (FRS 102)- Accounting and Reporting by Charities.. Statement of Recon]mended Practi¢e applicable to charities preparin8 their accounts in accordan¢¢ witb the Financial Reporting stadard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2022. The Twyford Waterworks Trust meets the definition of a publÈc benefit entity under FRS 102. Assets and liabilitie5 are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.02 Fund #¢¢ouTrling General fulld5 are unrestrictrd fvnds which are available for use ai the discretion of the Trustees in ttherace of th£ general objectives of the Charity and which have not been designated for other purposes. DesigDated funds comprise unrestrieted funds that have been set aside by the Trustee5 for particulaT PUfP05es. Th¢ aim and use of each designated fi]nd are set out in the notes to the financial statements. Restricted funds are fimds which are to be used in aecordan¢e with specific reStrt¢tiO impos¢d by donors or which have been raised by the Charity for particular purposes. Tl costs of raising and administering such funds are ¢hwged against the sp¢¢ific fi]nd. 1.03 Infome All income ss recognised once the Charity hAS entitlement to the income, it is probable that the ineorne will bc received and the amount of income receÈvable can be measured reliably. Income tax recoverable in relation to donations received under GÉft Aid or deeds of covenant is recognised at the time of the donation. 1.04 Expendire Expenditure is re¢ognised once there 15 A legal or constnKtive obligation to tTansfer economic benefit to a third party, it Is probable that a transfer of economic benefits will be required in settlement and the atnount of the obligation ¢an be mesuted reliably. Governance cost5 are those incurred in ¢OltrtIOn with adinIstratiOn of the Charity and compliance with constitutional and statutory requirements. Costs of generating ndS are Costs incurred in attracting voluntary incolne. and those incurred in trading 8Ctivities th&t raise thnds. All expenditure is inelusive of irrecoverable VAT.
THE TWYFORD WATERWORKS TRUST NOTES TO THE FINANCIAL STATEMEPUS FOR THE YEAR ENDED 31ST MARCH 2025 Is. I ACCOUNfiNG POLICIES l£ont.) 1.05 Tanglble fixed assets Asset5 are capilalised wheTe tlieir individual value exceeds £1,000. Fixed Assets are 8tated at eost. DepiEciation is provided on all tangible fixed assets at rates calculated to write off the cost of valuation. less estimated residual value, of each asset evenly over its exptctcd usefiLI life on a str&ight line basis. The rates Most used in each category are as follows.. Plant and equipment 5 to 10 year5 1.06 Debtors Trade and other debtors are recognised at the settlem¢nt amount after any trade 4Jiscount offered. Prepa)ments are valued at the amount pr¢paid net of any trade discounts due. 1.07 Cash St bank anil in hADd Cash at bank and in hand includes ta5h and shori-term highly liquid inve5ttnents with a short maturity of three months or less from the date of ocquisition or openirtg of the depo8lt 01 similar account. 1.08 Creditors Credttors and provisions are recognised where the charity has a present obligation resulting fm a past eveni that will probably result in the transfer of fimds to a third party and ihe amount du¢ settle the obligation Can be measured or estimated rcliably. Creditors and provisions are normally recognised g41 Eheir settlement amount after allowing for any trade discounts due. The ¢harity has elected to apply the provision5 of Section I I 'Basic Financial Instruments, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the chai'ity's balance sheet when the charity becomes party to the coiitractual pFovi5ion5 of the itJstru¥nent. Basic financial assets: which include debtors and bank balances, are initially measured at transaction price including trans&ction costs and are subsequcntly carried at amortIs¢d cost using the effective Éntejrst method. Finan¢ial assets classified as receivable within one yvdr are llot amortised. Basic financial liabilities: incliiding cr¢dit015. are initially recognised ar iransaction price and are subsequently carried at amortssed cost using the effective interest method. Financial liabilities las5ified as payable within one year are not amortised. 1.10 Taxatio The charity is ex¢mpt from corporation tax on its charitsble activities.
THE TWYFORD WATERWORKS TRUST P40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sr MARCH 2025 16. I ACCOUNfING POLICIES (font.} 1.11 Going eoneerll At the time of approving the filncial Statements, the holding trustees have a rea50nabl¢ expectation that the charity has adequate resources to Continue in opeTational existence for the foreseeable future. Thus the holding trustees continue to adopt the goin8 concern basts of accounting in preparing the financial statemellts. 1.12 Cash flow excmptioD The chai'ity ha5 taken advantsge of the disc5osure exemption in the "Am¢ndmenLq to Accounting 8nd Reporting by Charities: Statement of Recommended Practicc applicable to chgritie5 preparing their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland- Update Bulltlii) I.
THE TWYFORD WATERWORKS TRUST NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31ST MARCH 2025 i?. 2 VOLUNTARY INCOlblE VOLUNTARY INCOME- uf4RESTRICTED Friends subscriptions Donations & legacies Gift Aid re¢ovei?ble 5,579 2J09 3,613 4,945 2,848 3,360 11,501 lJ.159 VOLuf4TARY INCOME- RESTiucfED Donations & lega¢i¢s TOTAL VOLuf4TARY If4COME 11.159 3 ACTIVITIES FOR GENERATING FUNDS- UNRESTRICTED Open Day receipts including gate receipts Tea Rooms Sales of products Tollkbola 12,478 13,467 893 681 15.026 13,583 564 615 27519 29, 788 4 GRANTS GRAE4TS- UNRESTRJCTED Council grants GRANTS. RESTiucfED Hazeley Group Ltd Donation for coal foi. boiler Car PaTk Works- Water company grdnts 250 200 104 450 104 TOTAL GRAF4TS 450 5 INVESIMENT INCOME Interest receivable 2,159 1,992
THE TWYFORD WATERWORKS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 18. 2025 2(124 6 COSTS FOR GENERATING FUNDS - UNIiESTRICTED Open Day expenses Tea Room supplies 2.977 4,1911 2. 744 3,856 7,J67 6,600 7 CHARITABLE LXPENDITURE CHARITABLE EXPENDITURE- UNRESTRICTED SUPPORT COSTS Repairs & Tnaintenance rance Rates Conservation. Nature TTail Promotions & publicity Equipment purchases Sundry expenses Batjk charges Depreciation 6.057 8,477 193 541 IW23 2,706 1,600 3,788 8,025 78 331 1, 729 562 316 1,646 1,646 23,043 J7,075 GOVERNANCE COSTS P05tage. priniiTrg & stattonery AOUntaneY 666 2J4 671 1,620 3.006 2,291 TOTAL CHARITABLE KXPENDJTURE . UNRESTiucfED 26,049 19,360 CHARITABLE EXPEI¥DITURE- RESTiucfED SUPPORT COSTS TWT Water SofteTJing & New Building Project Car Park Works Kilns Project Depreciation 9,822 104 21VJ 440 9,926 TOTAL CHARITABLE EXPETr4DrruRE 26A89 29,292
THE TWYFORD WATERWORKS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 19. 8 STAFF COSTS The average number of stsff employed during the year wa5 012024.. 0}. There weTe no einployees whose Alkrtual r¢muneratioh was £60,000 or more. 9 TRUSTEES, EXPENSES Duringthe y¢or oTrly cxpenses were reimbursed to the TSlee3 in respect of postage and prikting ¢osts and sitnilar itetns incurttd by them OD bEhalf of tlie cliarity, or foT ]Dat¢rials 5upplie41 by them to th¢ charity. No r¢rnuneration was paid to TTll5t¢¢s duringthe ytsT. 10 FIXED ASSETS Plant x#d Equipment Totsl COST Brought foTrvard Additions Disp05als Totsl Cost to dxte 23.194 23,194 23.194 23.194 DEPRECIATION BrouElit forward Provided during th¢ Y¢ai' Eliminaieo on Disposal Totsl Dtproeiatioll to dAtt 19,922 1.886 19,922 1,886 2JO08 11,8Q8 Net writte VAlues A¢ 31 Mah 2025 iJ86 lJ86 Al 3J Alarch 2024 3,272 3,272 11 DEORs Trade debto]% Gift aid debtors PFepaytn¢nL% and atCTued irtcome 3.612 3,366 5.35J 7,522 8. 7J7 12 CREDITORS.. AMOUNTS FALLif+iG DUE WITHIN ONE YEAR 2025 2024 Other taxation and social security Accrua15 and deferred income 3,133 2,875 3.133 2.873
THE TWYFORD WATERWORKS TRUST NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 31ST MARCH 2025 20. 13 UNRESTRICTED FUNDS Fund5 B/Fwd Funds CIFwd Income Ex dItre TraTrsfer5 General fulld 139,583 41.179 33,2101 147&46 139,583 41,179 3316 147J46 14 RESTRICTED PUNDS FUd5 BIFwd FndS CIFwd Income Ex dlturt Tran5fer5 Defibrilllltor Puwh Various 1.200 400 12401 1200) 430 65D 1.600 451J 1440 io Defibrillilor Pllrcbz5e A dtfibrillator forthe site was pu¥chase4 in Mar¢h 2022. the &joi.ty ofwhich was covered by BT3nts received frnm Twyford Parish CounciL H8mp5hire Collnty Counrtl and Southern Water. The defibrillator ha5 been rapitrlis¢d wiihiii Fix¢d Assets. The income received will b¢ rele85cd 10 the Ge11 Fund5 in line with the depreciation rate of the a5sel, which Commenc ill the 2023 ?ccouni&
THE TWYFORD WATERWORKS TRUST OTES TO THE FJf4ANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 21. 15 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrleted Restrieted 2025 As oi 31 March 2025 Tangible Fixed Assets Debtors Bunk and Cash Cr¢ditors lJ86 7,522 141.771 (3.133 lJ86 7.522 143 J81 3,133 J,610 147,546 iffiio 149,156 Unrestricted Restrleted 2024 As at 3J 2024 Tangible Fixed Assels Debtor5 Bank and Cash Creditors 3,272 8,717 130.363 2,769) 3.272 8,717 152.067 (2,873 1.704 (104 139,583 1.600 J41.383
THE TWYFORD WA TERWORKS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 22. COMPARATIVE SUMMARY INCOME AND EXPENDITURE ACCOUNT 2024 TOTAL R tri¢tcd Unr¢51ticted FUNDS Not¢s Funds Funds 2024 tNCOMtNG RESOURCES Incoming r¢sour¢es from generated funds Voluntary incom¢ Activities for generating funds Gr2ts Investment incom¢ (2) (3) (4) JJ,J5 29, 788 11,J59 29, 788 104 1,992 104 1,992 Total incoming r¢sources 104 42,939 43,043 RESOURCES EXPENDED Costs for generating funds Charitable activities (6) (7) 6,600 19.366 6,600 29,292 9,926 TOTAL EXPENDITURE 9,926 25,966 35,892 NET INCOMtNG RESOURCES FOR THE YEAR BEfoRE TRANSFERS (9,822) 10,973 7, 151 Transfers betwe¢n funds 16.382 (10,382) NET INCOME/(DEFICIT) FOR THE YEAR 6,560 591 7, 15] Total funds broug1 forward (4,960) 138.992 J34,032 TOTAL FLfNDS CARIUED FORWARD £J.600 £139,583 £141, J83