2023-10-31-accounts

Registered Number: 2141756 Charity Number: 297585

THE CROSSNESS ENGINES TRUST

(A Company Limited by Guarantee)

The introduction of a vintage shuttle bus service between Abbey Wood Station and the Crossness site is proving to be very popular.

Photograph: Rob Harris

UNAUDITED TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 OCTOBER 2023

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) CONTENTS Page Reference and Administrative Detai15 of the Charity, its TTUStees and Advisers Chaimian's Statement Trustees. Report Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet 12 Notes to the Financial Statements 13-23

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE D￿AlLs OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2023 Trustees M Jones A Neher P Nelson K M Ridley J G Wamer F K Germanus-Kunda E Bardick (appointed 8 March 2022, resigned 7 June 20231 C Chin lappointed 11 April 20231 S Beacroft lappointed 10 September 20231 E Jepson (appointed 10 September 20231 R Fleming Company registered number 02141756 Charity registered number 297585 Registered office Thames Water- Old Works Bazalgette Way London SE2 gAQ Company secretary M Jones Accountants Hedley Dunk Limited Chartered Accountants and Statutory Auditors Trinity House 3 Bullace Lane Dartford Kent DA1 18B Page 1

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) CHAIRMAN'S STATEMENT FOR ThE YEAR ENDED 31 OCTOBER 2023 The chairman presents his slaternent for the year. Introduction Following previous practice this report formally present5 the accounts for the last completed financial year to October 2023 and covers developments in other area5 to date. The ability to run Prince Consort under steam again has had a marked impact on the number of visitors coming lo Crossness. The demand for visits continues and open days and guided tours continue lo be booked up well in advance. There is also growng demand for group visits. As a consequence the Trust is actively exploring how this demand can be met whilst Concurrently ensullng that essential conservation and mainlen8nce can continue. Financially the Trust is in a much better position than it was a year ago. Organisational issues and stsff changes within Thames Water have resulted in little progress being made in two areas". the renegotiation and integration of the leases held by the Trust", the provision of alternative car parking facilities following the revision to the main gate location. Recently a line of communication has been ￿$tablished and the Board will seek to make progress in these areas in the coming months. Trust Oryanlsatlon and Operatlons A significant amount of work has been done relating to organisational change but progress has been slower than intended. The objective remains to set out an approach to govemance which best equips the Trust to deliver its objectives. Whilst one of the drivers for this change is Museum Accreditation it should be recognised that strengthening the Tnjst's govemance should. of rtsew, deliver benefits to the TrusL Currently the respective roles of the Tnjstee Board and the Works Committee are imprecise and there is a need lo create a separats'on between strategic and operational activib'es so that". the Trustee Board takes responsibility for defining the strategic direction, captured in the Business Plan, and monitoring delivery against that plan. the Operational Board takes reswnsibility for undertaking those actsvities which deliver against the Business Plan, including the delivery of projects and tracking expenditure against allocated budgets. The objective is to finalise the detail of the planned change in the coming months and to update volunteers on what is proposed. Health and safety In December 2022 we had an accident in the Beam Engine House that was RIDDOR reportable involving an ex Volunteer, Dave Dawson. Although the injury was significant the emergency services look hours lo arrive. Fortunately Sheila Carson, a trained First Alder, did a sterfing job with other volunteers in looking after Dave. He has subsequenuy recovered after being kept in hospitsl for a period. There were visitor trips in the grounds that resulted in minor injuries and I￿0 potential incidents, one involving masonry falling from the beam Engine House and the other from a hazardous chemical spill in the Boiler House basement. The Trust continued to support volunteerfs safety by providing training in asbestos awareness, dumper competence, excavator competen￿, Emergency First Aid al Work, Level 1 Hygiene, cherry picker competence and Notifiable Non-Licenced Working with Asbestos tolalling 61 man days. May 2023 saw the conclusion of a ground condition survey by our landlord's engineers, Mott MacDonald. This gave us bad news that our basement tunnel in the South West of the building should not be used because of structural defects. 11 also told us that the water ingress to the Beam Engine House is river water, and combined with pump monitoring by the Trust, was able to delemiine that water comes in when the river level is 3m110ft1 above ordnan￿ Datum level (mean sea level). Unfortunately il did not confirm how the water was getting into the building as no culvert surveys were allowed. Page 2

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) CHAIRMAN'S STATEMENT (CONTINUED) FOR ThE YEAR ENDED 31 OCTOBER 2023 Conservation Victoria The past year continued wth ftKussed restoration to the omate painiwork on Victoria's side of the octagon while structural instabilities were finally worked on. The process of evaluakn'ng. reporting and repair is now almost complete for the lifting points above Victoria," there is still one lo be completed. This facilitates heavy lifting work for reconstructing the beam engine once cleaning and painting is done. The substantial structural crack in the ironwork of the building next to Victoria Iwhich has existed in stable condib'on for quite a long limel has now been plated to restore structural integrity. The e￿Ction of scaffolding around Victoria in eady summer was the last element in place to allow restoration of the beam lo continue apace. The restoration team have been focussing their attenbon on takn'ng back layers of rust and other deposits from the ironwork.. The beam and surrounds are worked across in small sections as the process is labour intensive. As soon as a patch has been cleaned it must be primed to prevent nJst from quickly forming on the surface again. We are planning to establish a new Sunday team. This will allow for people with weekday jobs or in education to get involved and are developing a full induction process for this. Under the sensib've overall guidan￿ of Peter Griffilhs, Jurgits Svedaile has become a full member of the restoration team and will be overseeing the new weekend team. We hope to have this up and nJnning from mid-october. To track restoration work and the efforts of the team we have stsrted a Beam Engine House Restoration Diary. This will serve many purposes". as a means of communicating between teams working on different days, as a document to support the process of museum accreditab'on and as a means of acknowledging the team of volunteers. Prinee Consort Following the completion of work to repair cracks in cat iron in the vicinity of the engine Prin￿ Consort has returned to active Servi￿ and has fvnctioned wrthout any significant issues for well over a year. Collections Achievements 202312024 509 people attended behind the scenes tours of the archive and artefacts be￿een August 2023 and June 2024. 13 public researchers and Crossness volunteers used the archive be￿een August 2023 and June 2024. The moving objects policy and Archive Documentation Plan were updated, and approved by the Board. A team of volunteers suc￿sSfUllY moved a watercolour painting from the Boiler House to the artefacl store following water ingress through the Boiler House roof. The filming records have been rehoused, a￿ssIoned, and catalogued. The Slereophagus sewage pump, acquired in 2016 from Soulhend-on-sea Borough Council, has now been conserved by a team in the Fitting Shop and is on display in the Valve House. A partially completed model of a portable slationary steam engine, donated in 2013, has now been fully restored by a team in the Fitting Shop and is on display in the Valve House. Every artefact has a record card. These have been checked and updated. Ongoing Projects Publishing collection finding aids online. Rehousing and a￿sSIOn1ng the Crossness Appraising the unaccessioned archives. gws Trust administratNe records.

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) CHAIRMAN'S STATEMENT (CONTINUED) FOR ThE YEAR ENDED 31 OCTOBER 2023 Museum Accreditation Museum Accreditation is an Arts Council programrne describing itself as, "The nationally agreed standards to ensure all museums are sustainable, focused and trusted, inspiring the confidence of the public and funding and goveming bodies.. Achieving these standards is a long-held commitment linked to the Heritage Lottery Fund grant awarded some lime ago but, beyond that. Museum Accreditation provides a framework which will support the future development of the Trust. We formally inib'ated the process in October 2022, with the full submission needing to be completed by October 2025. There are nine standards we need to meet under three key headings." 1-3 how we're run", 4-6 how we manage our colleth'ons" 7-9 how we engage with our users. Steps we have taken towards this aim". Fomied a project team lo oversee aecreditabon progress Identified areas of strength le.g. collections)." and areas needing improvement le.g. how we're run}. Employment of Rob Harris and Laura French in leaming and outreach roles lo help towards standards 7- g around museum users. Rob's role is also to support with museum accreditatson. Sought advice from Historic England and Rob Parker to ensure recording of Victoria Restoration is in line with best practice. Engaged with other museums which have achieved accreditation standards Engaged support from Arts Council and found a museum accreditation mentor Review the Trust's g0veman￿- led by Emma Jepson.. Key objectives for 202412025 are lo". finalise and enact Govemance changes towards Standards 1-3", implement a business planning group to develop the Trust's Forward Plan which will form the backbone of the Accreditation submission., review of the Trusts policies covering all standards- led by Sarah Beacock,. ensure our submission is sustainable, recognising that Accreditation is a set of standards which will need lo be maintsined and reviewed. Royal Arsenal Narrow Gauge Railway Since the last report the train has operated for a total of 178.5 hours and undertaken nearly 800 return joumeys, which equates to just short of 400 milesl A real milestone for us with a minimum of breakdownsl Other work carried out included overhauling the Dumper and JCB lo get them through their safety inspections, landscaping the ground on either side of the line, and completing the public address system on the carriages and directional lighting on the train. A big thank you goes lo the Filting Shop for fabri￿ling carriage brake shoes for us, and Peter Connolly for the replacement seal slats that are required for the overhaul of the third carriage. Our immediate future plans are the rearrangement of the workshop, to make a new public viewing area which should improve the visit to the shed Learning and Engagement .Towards the end of 2023 the Trust recnjited part-time members of staff, Rob Harris and Laura French. Rob is concenlraling on the development of visilor services generally whilst Laura is taking the lead on engagement with schools Contact has been made with local schools via email and though attending neI￿orkIng events organised by the Greenwich Cultural Educational Partnership ICEPI, in order lo find local teachers keen lo work with Crossness lo plan and trial different learning activities for school groups and other groups of young people. In the 2024 Page 4

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) CHAIRMAN'S STATEMENT (CONTINUED) FOR ThE YEAR ENDED 31 OCTOBER 2023 summer term Crossness h25 hosted about 345 school pupils, aged belween nine and eighteen, from five different schools. All visits have run very successfully, with pupils being taken on tours of the Beam Engine House and participating in a range of hands on ath"vities including rnaking and testing water filters, investigating how Archimedes Screws can be used to lift rnaterials uphill. and using sound buttons to learn about the people involved in the building of Crossness. We have not yel had a proper advertising campaign for school visits for the coming academic year. this will start at the end of August as teachers retum to work after the surnmer holidays and in September we will be contacting local schools to advertise our offer, updating the leaming pages of the website, and advertising on social media and through other channels e.g. teacher rbetwothn9 events. Going forward, the plan is to conb'nue developing the offering for schools at Crossness. The current activities work well for younger children, but the majority of the enquiries received have been from secondary schools, particulady looking to link a visit to the GCSE geography curriculum, A-level history, or BTEC conslruclion. And we will aim to work with other organisations such as Cory or Thames Water to develop visits covering the history of waste management, water treatment and recycling and also modern day issues and solutions. We plan to mark the 160th anniversary of the site opening in April 2025 with a special event. If this is successful we will then be developing other threads such as the soual history of Crossness, the architecture, and child friendly content. Soclal Medla Crossness continues to be active on Facebook. Twtter and Instagram and continues to be used, primarily to communicate the Crossness Open Days and Guided Tours. Webslle The website redesign was completed and implemented in 2023. The site is kept under review to identify any improvements that can be added and there is a current interest in adding a blog. (For the uninits'ated a blog la tnjncation of 'kneblog"l is an informational website consisting of discrete, often informal diary-style text entries (wstsl. Posts are typically displayed in reverse chronological order so that the most re￿nt post appears first. Finance For the accounts for finanaal year 202212023 the Board has again elected lo seek an Independent Examiners Report rather than a full audiL The report and a copy of the accounts for financial year are incorporated in this document. Financial performance has continued to improve with income from open days, group visits, guided tours and events organised for photography groups shows continuing growth. In terms of expenditure the highest outlays have been on exlernal contractor charges, insurance, IT and telephony and the purchase of shop stock. One impact of increased visitor numbers is that Trust income has increased lo the extent that we are now in the process of registering for VAT. ReseNes Policy As part of a general review of policies in the conlext of progressing towards Museum Accreditstion we are currently considering what the reserves policy should cover. The current view is that we should aim lo hold sufficient funds to cover.. running costs for six months., unplanned essential repairs., redundancy. As part of the review we will consider whether the policy should be more comprehensive. Page 5

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) CHAIRMAN'S STATEMENT (CONTINUED) FOR ThE YEAR ENDED 31 OCTOBER 2023 Membership While we are always pleased to welcome new mernbers, those we lose by non-renewal are always 8 matter of reg￿t. As before, the majority are for understandable reason5 - illnes5. death and loss of interest by moving away, into residential care or the escalating health needs of farnily members or. for some, a return to Paid work. A further reason is the Ioss of contact through changes of postal or ernail address and phone numbers, despite follow-ups by all available means. Current membership las at 261071241 TYPE OF MEMBERSHIP Honorary Life Life115IISenioe Life1115} Individual Family Senior Citizen Unwaged Student Reciprocal organisations TOTALS Children lunder 161 Ifreel GRAND TOTALS Nos % of adult membership 2.24 26.53 15.92 13.06 38.57 0.61 0.41 130 78 189 13 490 100.00 495 Again, some members only join for a year. perhaps because they see their fee as a one-off donation, rather than the start of a continuing relationship. This may stem from a perception that, having visited once, they have 'done" Crossness, they don't see any point in r&visiting us. We need therefore to keep our 'offerf fresh. It is notsble that on the July .24 Steaming Day, all 61 people that I spoke to were firsl-time visitors. sin￿ the beginning of the current financial year in November 2023, there were 8 new members bul this has now risen to a net 37. We currently have over 100 Volunteers registered with Crossness who, each year, deliver thousands of hours of work and dedication. We welcome new volunteers and are encouraged that we conslanuy re￿1ve enquiries form people wishing lo work alongside us. However, we are all too aware that some of the work, and our out of the way location, can be a delerrenl. To minimise these impacts and to broaden our appeal to people of working age, we are looking into more opportunities to volunteer al weekends and highlighting the valuable roles in Catering, Gardening and guiding tours as well as supporting the monthly open days where our visitors, appreciation of our helpful, informabve and knowledgeable volunteers remains undimmed. External relations Recent changes in staffing al Thames Water have made it difficu￿ to progress issues such as the revision of existing leases and the provision of alternative car parking facilities, following a Thames Water decision that the car park area should become the main access route into the site. Recenuy a line of communication was re- estsblished and the Trust will now pursue these issues. The Trust is keen to develop its relationship with Peatx)dy, given the building developments that are growing up close to the Crossness sile and, as a consequence, has been actively involved in inilialives such as the Thamesmead festival. Page 6

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) CHAIRMAN'S STATEMENT ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Ngxt steps - the year ahead Lookt'ng back at last yearfs report rt Ès dear that. whlst much has happened. the key areas th2t rpqiiirg action remain. I hese are.. To complete thc rcstructurin9 the orgatri5at￿Tr. Address some wider building repair issues in the Beam Engine House and in the Valve House. Rp.qnlvp. with Thames Wator issues relating to the provision of crtir patkin9 loi visito[5 antt Update and rationali5e the leasing arrangemerts under whith the Twst works. Develop a much enhantsd Front of House team to supplement the dedirated (and overstretched) core volunteers who enable the Open Days to happg.n gnd to further increaso opening in line with the Busine83 Plan. Achieve museum accredttation. Jones Chair of Trustees go Pa9e 7

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT FOR ThE YEAR ENDED 31 OCTOBER 2023 The Trustees present their annual report together with the financial statements of the Charity for the 1 November 2022 10 31 October 2023. The Annual Report Serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company cornpty wlh the current statutory requirements, the requirements of the charitable company s governing document and the provisions of the Staternent of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reptstting Standard applicable in the UK and Republic of Ireland IFRS1021 {effecti¥e 1 January 2019)- Since the Charity qualifies as sm811 under section 382 of the Companies Act 2006, the Strategie Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Policies and objectives The principal objective of the company is the restoration and maintenance of the Victorian sewage outfall al Crossness. In setting objectives and planning for activities, the Trustees have given due considerab'on to general guidance published by the Charity Commission relating to public benefit, including the guidan￿ 'Public benefit". running a charity IPB21 • Golng concem After making appropriate enquiries, the Tnjstees have a reasonable expectation that the Charity has adequate resources lo continue in operational existen￿ for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Furthef details regarding the adoption of the going cOn￿M basis can be found in the accounting policies. Structure, goveman¢e and management • Constitution Crossness Engines Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 22 June 1987 and subsequently amended on 06 June 1999. • Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Ass(￿latiOn. Page 8

CROSSNESS ENGINES TRUST (A Company LIMIt￿ by Guarnnteo TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 Stat•m•nt of Tru8t¢cs' re8ponaibllitie The Trustees {who are also the diredors of the Chanty for the purposes of cx)mpany law} are responsible for preparing the Trustees. ReFK)rt and the ffina￿al Statements in accordan￿ with applicable law and United Kin9dom Ac¢oun"ng KJtandard5 (Unli￿1 Kiiigdom Generally A￿p￿j Accounbng Practice). Company law requires the Trustee5 to prepare finan(ial statements for each financial . Under company law, the TTUStees must not approve the finanaal statements unkss they are satisfied that they grve a true and fair view of the atate of affair5 of the Cli¢lity and oi its Incominq resources and application of rp.snijrr￿s. including its Income and expenditurÈ, fnr that pgriod. In preparing these financial statements, the Trustees are tequiied tt7". select surtable accounting px)licies and then appty them con5iStentty", observe the methods and princi￿eS of the Charit￿ SORP {FRS 102)., make judgments and acuunbng ests'mates that are reasonable and pnjdent. sf2t9. whp.lher applicable UK AC￿un￿"ng Standard3 {fRo 102) have been fulluwed, 5ubjeci to any material departures disclosed and ex￿ained in the financial statements.. prepare the financial statements on the going concern basis unless it is inappn)priale to presume that the Chanfy will conts'nue in business. The Trust￿ arp. rS￿n$1b19 for kegping adequate accounting records that are suffiGienl iu sliuw ancl explaln the Charity's transath.ons and disclose with reasonable accufacy al any b.me the financial position of the Charity and enable them to ensure that the financtal statements comply vnth the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for Lth"na reasonable steps for the Drevpntinn and detection of traud and other irregulanties. Approved by order of the memters ofthe board nf Tnitees and signed on thair bghalf by.. Chair of Tru3tee? Date.. 20 September 2024 Page 9

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 Independent Examinerfs Report to the Trustoes of CroSSn￿S Engines T￿￿t I'the Charity'} I report lo the charty Trustees on my examination of the xcounts of the Charty for the year ended 31 October 2023. Re$ponsibilities and Basls of Report As the Trustees of the Cha¥rty land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in acCOrdar￿ wrth the requirements of the Companies Act 20061lhe 2006 Act'i. Hav*ng satisfied myseff that the accounts of the Charty are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of Ihe Charity's accounts carried out under section 145 of the Chariltes Act 2011 1.the 2011 Ad). In carrying out my examination I have followed the Directions gwen by the Charty Commission under section 14515}Ibl of the 2011 Act. Independent Examinerfs SLitement I have completed my examination. I confirm that no mattefs have Come to my attention in connection with the examination giwng me cause to believe.. accounting records were not kept in respect of the Charity as required by seclion 386 of the 2006 Act," or the a¢counts ¢Jo not accord with Ih¢)se records" or the accounts do not Comp￿ with the accounting requirements of sects)n 396 of the 2006 Act other than any requirement that the accounts gNe a and fairf view which is not a matter considered as part of an independent examination", or the accounts have not been prepared in accordance the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accoLtnls in accordan¢e wtth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 10211. I have no concems and have wme acr055 fKJ Other matters in connection with the examination to which attention shotjld be drawn in this report in order to enab￿ a proper understanding of the accounts lo be reached. Signed. - Dated.. 20 September 2024 Stephen M Fryer FCA Hedley Dunk Limited Chartered Accountants and Statutory ALKlitors Page 10

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR ThE YEAR ENDED 31 OCTOBER 2023 Restricted fijnds 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Note Income from: Donatr'ons and legacies Charitable activities Other trading activities Investments 6,943 5,173 163,389 15,417 220 12,116 163,389 15,417 220 72,663 105,996 7,872 Total income 6,943 184,199 191,142 186,540 Expenditure on: Raising funds Charitable activities 126 208,669 57.892 140,604 198,496 Total expenditure 57,892 140,604 198,496 208,795 Net lexpenditurellincome Transfers betsveen funds 150.9491 82,813 43,595 182,8131 17,3541 122,2551 18 Net movement in funds 31.864 139,2181 17,3541 122,2551 Reconciliation of funds: Total funds brought forward Nel movement in funds 1.501.551 31.864 193,179 (39,2181 1,694,730 17,3541 1,716,985 122,2551 Total funds carried forward 1.533,415 153,961 1,687,376 1,694,730 The Statement of Financial Activrties includes all gains and losses recognised in the year. The notes on pages 13 to 23 form part of these financial statements. Page11

CROSSNESS ENGINES TRUST (A Company Limlted by Guarnntee) REGISTERED NUMBER.. 021417S6 BALANCE SHEEr AS AT 31 OCTOBER 2023 2023 2022 Note Fixed assets Tangible assets 13 1.540.678 1 .fjQ6.097 1,540,678 1,596,097 Gurrent assets Stocks Debtors Cash at bank and in hand 14 24,755 24.261 105.849 23.893 18,093 67,829 15 154,865 109.815 Cred¢tors. amunts falling due wlthin one year 16 (8.167> (11,1821 Net curr•nt ass•ts 148,698 96,633 Totsl assets less current liablllt 1,687,376 1,694,730 Net assets excluding pension asset 1.687.376 1.694,730 Total ngt assets 1,687,376 1,694,730 hanty tunds Restricted fvnds Unrestricted funds 18 1,533.415 1,501,551 193,179 18 Total funds 1,687.376 1,694,730 The Charty was entrtled to excmption from audit under secth)n 4Th vf ttie Companies Act 2006. The members have not required thè company to obtain an audit for the year in question in accordance ￿th 5edton 476 of Companies Act 2006. The Trustcos acknoW￿dge their re5ponsibiliiie2i foi complw.ng the requirements ot the kt wth respect to accounting records and preparats'on of financEal statefnents. The financial statements have ￿en prepared in accordance wilh the provisions applicable to entilieg subject to the small companks ￿1rne. Thefi 2llti2l £tAtp.ttwts were approvèd and authofised for I￿UC by the Trustees and s￿ned on their L￿1]dI[ by. Jone¥ Cnair of I rustees Date: 20 September 2024 The notes on pages 13 to 23 form part of these finanaal statements. Page 12

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 General inforTnation Crossness Engines Trust is a charitable a)mpany lirnited by guarantee registered and domiciled in the UK. Ivs principal platE of business is the same as its registered office and is shown in the company information. The principal activities and object of the company is that of restoration and rna1ntenan￿ of the Victorian sewage outfall at Crossness. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordan￿ with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102} and the Companies Act 2006. Crossness Engines Trust meets the definilion of a public ￿nefit entity under FRS 102. Assets and liabilities are initially recognised at histori¢21 ￿$t or transaction value unless otherwise slated in the relevant accounting tx)IiGy. 2.2 Income All income is recognised on¢z Ihe Charity has entitlement to the income, il is probable that the income will be received and the amount of Incon￿ receivable be measured reliably. Grants are included in the Slatemenl of Financial Activities on a re￿1vable basis. The balance of income received for specific purposes bul not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is re￿iVed in advance of entitlement of receipt, ils recognits.on is deferred and included in credilors as deferred income. Where entillemenl occurs before income is r￿1ved, the income is accrued. Income tsx recoverable in relab.on to investment income is recognised at the time the investment income is receivable. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs inVo￿ed in undertaking each acts"vity. Direct Costs attributable to a single activity are allocated directly to that acb"vity. Shared costs which contribute lo more than one activity and support costs which are not ath"bulable to a single a¢b"vity are apportioned be￿een those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depwab.on charges allocated on the portion of the asset's use. Expenditure on raising fijnds indudes all expenditure incU￿ed by the Charity to raise funds for its charitable purposes and includes costs of all fvndraising acts"vib"es events and non-charitable trading. Expenditure on charitable activib.es is incurred on directly undertaking the acbvities which further the Chanty's objedives, as well as any assoryated support costs. All expendrture is indusive of irrecoverable VAT. Page 13

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 Accounting policies (continued 2.4 Tangible fixed assets and depreciation Tangible fixed assets are inib.alty recognised at cost. After recognition, under the cost model, tangible fixed assets are rneasured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working Condition should be included in the measurement of cost Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis." Long-lemi leasehold property Plant and machinery 2% straight line at varying rates to reflect assevs useful economic life from 5 _ 200/D 2.5 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.6 Debtors Trade and other debtors are reeognised at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisitson or opening of the deposit or similar account. 2.8 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliabty- Liabilities are recognised al the amount that the Charity anticipates it will pay lo settle the debt or the amount it has received as advan￿ payments for the gocxjs or services il must provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finan￿ cost. 2.9 Financial instruments The Charity onty has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are inilialty recognised al transaction value and subsequently measured al their settlemenl value with the exception of bank loans which are subsequently measured al amorkn.sed cost using the effective interest method. Page 14

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 Accounting policies (continued 2.10 Pensions The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 2.11 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Chanty and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordan￿ wrth specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Income from donatlons and legacles Restn'cted Unrestricted funds funds 2023 2023 Total funds 2023 Total funds 2022 Donatrons Grants 1,007 5,936 5,173 6,180 5,936 15,473 57,190 Total 2023 6,943 5,173 12,116 72,663 Income from charltable actlvitles Unrestricted fvnds 2023 Total funds 2023 Total funds 2022 Restoration and maintenance of building and engines 163.389 163,389 105,996 Page 15

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 Investrnent incorne Unrestricted fijnds 2023 Total funds 2023 Total funds 2022 Bank Interest received 220 220 Anatysls of expendlture on charltable aetlvltles Summary by fund type Restricted Unrestricted funds funds 2023 2023 Total 2023 Total 2022 Restoration and maintenance of building and engines 57,892 140,604 198,496 208,669 Analysis of expenditure by activities Activities undertaken directly 2023 Total funds 2023 Total funds 2022 Restoration and maintenance of building and engines 198.496 198,496 208,669 Page 16

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 Anatysis of expenditure by activities (continued Analysis of direct costs Restoration and maintenan of building and engines 2023 Total funds 2023 Total funds 2022 Stsff costs Depreciats"on Purchases 47,908 59,599 13,943 66,006 2,687 13,849 191 4,277 209 57,399 36,455 84,438 3.479 12,092 433 4,200 57,399 36,455 84,438 3,479 12,092 433 4,200 Site facilities and operational Costs Health and Safety costs Office costs Legal fees Other professional fees Marketing and publicity Total 2023 198,496 198,496 208,669 Anatysis of support costs Independent examinerfs remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £4,200 12022 - £4,200). Page 17

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 Staff costs 2023 2022 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 45,000 1,839 1,069 47,908 The average number of persons employed by the Chanty during the year was as follows.. 2023 2022 staff No employee re￿iVed remuneration anKJunting to mre than £60,000 in either year. 10. Pension commitments The company operates a defined a)ntributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contribution5 payable by the company to the fund and amounted to £Nil 12022 £1,069). Contribub'ons totalling £Nil 12022 £1581 were payable to the fund at the balan￿ sheet dale and are induded in c￿d(tOrS. 11. Operating lease eornmitments At 31 October 2023 the Charity had commitments to make future Minimum lease payments under non- can￿lIable operab'ng leases as follows". 2023 2022 Not later than 1 year Later than 1 year and not later than 5 years 3,357 12,977 16,334 Page 18

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 12. Trustees. remuneration and expenses During the year. no Trustees received any remuneration or other benefits12022- £NILI. During the year ended 31 October 2023. expenses were reimbursed 01 paid direcuy to 6 Trustees12022 - 10 3 Trustees) broken down as follows". 2023 2022 Travel Catering Health and safety costs General Offi￿ expenses 3,076 2,942 2.482 3,951 1,186 2,353 8,500 7,498 13. Tanglble fixed assets Long-temi leasehold propety Plant and machinery Total Cost or valuation At 1 November 2022 Additions 1,983.047 378.131 1,980 2,361,178 1,980 At 31 October 2023 1,983,047 380,111 2,363,158 Depreciation At 1 November 2022 505,500 39,661 259,581 17,738 765,081 57,399 Charge for the year At 31 October 2023 545,161 277,319 822,480 Net book value At 31 October 2023 1.437,886 102,792 1.540,678 At 31 October 2022 1,477.547 118.550 1,596,097 Page 19

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 14. Stocks 2023 2022 Finished goods and goods for resale 24,755 23,893 15. Debtors 2023 2022 Due within one year Trade debtors Prepayments and accrued income Tax recoverable 19,694 3,067 1,500 13,993 2,600 1,500 24,261 18,093 16. Credltors: Amounts falllng due wtthln one year 2023 2022 Trade creditors Other tsxalion and social security Pension fund108n payable Accruals and deferred income 4,807 5,812 1,852 158 3,360 3,360 8,167 11,182 17. cOn￿ngent liabilltles The Heritage Lottery Fund granted monies for restoration works. Terms of the grant induded a charge over the leasehold propety. The charge remains for 25 years from 13 June 2008, under the terms of the charge all or part of the grant can become repayable. Page 20

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 18. Statement of funds Statement of funds - current year Balan￿ at 1 Novernber Balance al 31 October 2023 Transfers inlout 2022 Income Expenditure Unrestricted funds General Funds 193,179 184,199 1140,6041 182,8131 153,961 Restrided funds Landfill Tax Credit and English Heritage Fund Low Carbon Programme Restoration Project NLHF COVID Emergency Website Redevelopment Fund Learning and Outreach Fund 17.934 38,467 1,426.679 13,971 3,000 1,500 117,9341 23,529 77,218 {9,2481 144,7181 19261 {3,000) 52,748 1,466,122 13,045 6,943 1,500 1,501,551 6,943 157,8921 82,813 1,533,415 Total of funds 1,694,730 191.142 (198,496) 1,687,376 Page 21

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 18. Statement of funds (continued Statement of funds - prior year Balance at 1 Novernber 2021 Balance al 31 October 2022 Transfers inlout Income Expenditure Unrestricted funds General Funds 164,135 124,235 192,7051 12,4861 193,179 Restrided funds Landfill Tax Credit and English Heritage Fund Low Carbon Programme Restoration Project Thames Water COVID 19 NLHF COVID Emergency NLHF Culture Recovery Fund Website Redevelopment Fund Learning and Outreach Fund 17,934 47,720 1,471.157 238 17,934 38,467 1,426,679 {9,2531 152.2601 120,2381 {1,783) 130,5561 (2,0001 7.782 20,000 15,754 47 13,971 28,023 5.000 1,500 2,486 3,000 1,500 1,552,850 62,305 1116,0901 2,486 1,501,551 Totsl offunds 1,716,985 186,540 1208,7951 1,694,730 19. Summary offunds Summary offunds- current year Balance at 1 November 2022 Balance al 31 October 2023 Transfers inlout Income Expenditure General funds Restricted funds 193,179 1,501,551 184,199 6,943 (140,604) 157,8921 182,8131 82,813 153,961 1,533,415 1,694,730 191,142 1198,4961 1,687,376 Page 22

CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 19. Surnmary offunds Icontinuedl Summary offunds- prior year Balance at 1 Novernber 2021 Balance al 31 October 2022 Transfers inlout Income Expenditure General funds Reslricled funds 164,135 1,552,850 124,235 62.305 192,705) (116,0901 12,4861 2,486 193,179 1,501,551 1,716.985 186.540 1208,7951 1,694,730 20. Analysis of net assets between funds Analysis of net assets between funds - current year Reslricled Unrestricted fvnds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 1,517,022 16,393 23,656 138,472 18,1671 1,540,678 154,865 18,1671 Total 1,533,415 153,961 1,687,376 Anatysis of net assets be￿en funds - prior year Restricted Unrestricted fvnds funds 2022 2022 Totsl funds 2022 Tangible fixed assets Current assets 1,570,522 168,9711 25,575 178,786 111,1821 1,596,097 109,815 111,1821 Creditors due within one year Total 1,501.551 193,179 1,694,730 21. Related party transactions The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 October 2023. Page 23