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. r*S￿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 Tni*tees 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