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¢&lnAcCt￿NTA￿[sLTD
CII,IRTLREDACCOiINTAWS
IJIA UOllllltFthioirrH RQAO
C.'Il.4NDLl￿SF0R

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 Wa￿rWorkST[U￿E is art inrotpDrdiedLniiiy und UTLgi*cthlcFwily 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 Col￿tively
refcrred loas Iktn15*e%.
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
REprtstDlI￿g H3fftyshiT+ Building Pre5erV4tiu￿ Trn5t
REprtttniith8 WinrhesieT City C•unril 9fft11Twyfo¥d PArish Council
R*p￿SEntIng HRmp5hlr*Cuunty Co•u£il- Resl8ned29ffj5/24
ADDRESSES
PRINCIPAL ADDRESS
40 Chamberlayrte R¢vdd
Eastlel2h
Hllmpshire
S051b 5JH
ACCOUNTANTS
Northover & Co. AccOunta￿ts Ltd
132A BourDtmDUth Roa(l.
Cha￿dIerS Ford,
Hampshire
SO53 JAL
BANKERS
Lloyds B#nk PLC
77 Sliirley [11￿h 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 Trt￿tee$ 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 reS￿nqlbilIlY 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 T￿st 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 underSt￿d 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 h￿ve 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 ch￿ked 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 pl￿work 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'epl￿1nB 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 st1￿11 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¢ S￿1¢ 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 extre￿e1), 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 BE￿lla1 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 Itt￿11ed 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 loc01￿0t]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 Success￿1. 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 Tn￿1 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. Alth￿Ugh. 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 Unre￿ricted 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* h*ve Come to my ￿lte￿￿On.
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 CO￿PanieS act 2006 and with ihe meihods and principles of
the St8leÈn¢nt of Re¢ornm¢nded Pt￿tiCe.. Actountingand Repo￿￿8 by Charities
have iioi be£n mel,. or
10 whith. Thy opinion. Attention slwuld be drawn in OTdeTto enable a prO￿r 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
Unrestrieɢd 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 c￿npanIeS 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 sta￿dard 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 ￿tthera￿ce 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 Expendi￿re
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 me*suted reliably.
Governance cost5 are those incurred in ¢Ol￿trtIOn with ad￿inIstratiOn 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 fil￿ncial 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
A￿OUntaneY
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 T￿Slee3 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 Ma￿h 2025
iJ86
lJ86
Al 3J Alarch 2024
3,272
3,272
11 DE￿ORs
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
dIt￿re TraTrsfer5
General fulld
139,583
41.179
33,2101
147&46
139,583
41,179
3316
147J46
14 RESTRICTED PUNDS
FU￿d5
BIFwd
F￿ndS
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 Ge1￿￿1 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
Gr2￿ts
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 broug￿1 forward
(4,960)
138.992
J34,032
TOTAL FLfNDS CARIUED FORWARD
£J.600
£139,583
£141, J83