Registered number. 02141756 Charlty number: 297585 CROSSNESS ENGINES TRUST (A Company Limited by Guarante•) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
CROSSNESS ENGINES TRUST (A Company Llmltod by Guarantee) CONTENTS Page Referénce and administratlvg dgtails of th• Charlty. Its Trust•e8 and advlsers Chalrman's stat•ment Trustees, report Ind•pgnd•nt examinerfs report Statement ol flnan¢lal actmtles 10 Balance sheet Notss to the financial statements 12-22
CROSSNESS ENGINES TRUST IA Company Limited by Guarants•l REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2025 Trustses M Jones K M Rldley F K Gemianus-Kunda Iresigngd 6 April 20261 C Chin (resigned 1 Octobgr 2025) S Beacock, Chair E Jepson Iresigned 9 April 20261 R Fleming Ir8sign8d 1 October 20251 A Seba (appointed 18 February 20251 S James (resigned 25 January 20261 J Greenaway lappoinled 6 July 2026) K Jamian lappc4nted 25 March 20261 A Lewis {appointed 16 March 20261 N Springhall lappointed 25 March 2026) A StrKl& lappointed 6 July 20261 Company r¢gl8tor•d number 02141756 Charity rngist•r•d number 297585 Rgglstered offlc• The Old Works Thame5 Water S6wage Treatment Works Bazalgette Way London SE2 9AQ Company SrOtary M Jong$ Accountsnts Hedley Dunk Limited Va Xeinadin Accounlanls Trinity House 3 Bullacg Lane Dartlord Kent DA1 1BB Page 1
CROSSNESS ENGINES TRUST (A Company Limited by Guarantwl CHAIR'S STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2025 The chair presents her $tstement for the year. Introductlon This report formally presents the accounts and a port of 8Ctivilie$ for the last complete finanaal year io October 2025. In general. the Trust is continuing in a positive financiol position and in its development as a museum and visitor attraction. The effort lo rèach new audlènces continues resulting in income growth. Alongside this slrMg pgrformancg from Gafé and shop is increasing the per capila spend per visitor. A highlight of the year was our 1601h annivèrsary weekend thich saw three events over the first weekend of April to celebrate Ihe openwy of Crossness In 1865. Trust Organl$atlon and Operatlons Sarah Beacock look over the Chair in April 2025 and work continued by the board on updatr'ng the governance and preparing for our appli¢atK)n for Museum Accreditation IMA). Having developed or updated a number of documents required for MA we also identified a number of skills gaps across the board so began a recruilment process to strengthen our museum-related skills. We had slrorbg support from our MA mentor. John Freeman OBE of the CLqyThills Pumping Slalion in Burton on Trent which enabled us to get our application in shortly before the end of OUT financial year. Two trustees, Ray Flemlng and Colin Chin, stoc*J down during the year and we rewrd our thanks for Iheir input. Volunt••rs We continue to see exlIent value delive¥8d by our volunteers - both Tggular and occash)nal. During the yeai we attended varfous volunteer racruitmenl and other local events to focus on attracting new recruit5. In recognition of the fact that wruilmenl of younger volunteers is key lo our fvture success w8 b8gan the process to recruit a part-time Volunteer Managér. During the year we had 49 expressions of interest from potential volunteers, of whom 19 161.2Yol be¢8me volunteers. Of the 30138.81JA} that didn't, many didn't respond to an invitstion lo visit and 4 withdrew for various reasons. However, our visitors, appreciation of our helpful, infommtive and knowledgeable volunteers remains undimmed. Volunteer Invofvemanl was essential lo the growth of OUT public Programme. From April 2025. volunteer leams were coordinated across sleamlng days. guided tours and special events. while a¢Jdttional volunteers were gncouraged and supported lo tske on fronl-of-house and guiding roles. particularty for the new Sunday tour programme. Regular communication and practical support helped volunteers contribute effectively during an exceptionally busy year. Planning also began for refreshed induction arrangements. clearer volunteer information and more ¢onsislent training and devolopment opportunities. Corporate and community voluntÈ8r days continued to add valuable capaaly. Support from Network Rail, AWE and Ford enablèd the rai¥aY team to renew three sections of track safely. alongside wider work to improve the site and visitor exper6ence. Wg continued to strengthen links wlh other induslrial heritage organisabons. induding Wamhamslow Pumphouse, Markfield Beam Engbnes, Kempton, the London Museum of Water and Steam and Claymblls. These r8lationships cre21ed opportunllies to &xch8nge knowledge, share experience and supput the development of specialist skills. We 8re very sad lo report the death of two long serving volunteers, Paul Watson and Tony rn, during this financial year. Page 2
CROSSNESS ENGINES TRUST (A Company Llmltsd by Guarants¢) CHAIR'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Health and Safety other than ongoing training {as outline above). there have been no slgnSflcanl health and safety issues experlenced during Ihe year. Conservation Conservation and restoration work on the engine Victoria has been ongoing during the year. More generally il has become clear that conservatr'on and ongoing maintenance of building fabric across the 5iie will require significant financial antl other resources and some preliminary planning has been undertaken to address this challenge. Colle¢tlon$ Achtevements 202412025 Archive Tours continued to be popular with 401 attendees. Eight rosearchers nsulted archive material. Thè organisation. rehousing. cataloguing and adding lo Modes. of the CET administrative papers. IncludiNJ Board and Committee Minutes. has been accessioned and will now be updated by the futur8 minutes. 25 artefacts were added to the collection including a sel of five rock cups donated by Tideway, 3 bedpans donated by the Florence Nightingale Museum and a maquettg of the Sir Joseph Bazalgette statue which is installed al Aclon (being the we51ern exlenl of the Tideway Super Sgwerl donated by Sir Peler Bazaigette Th8 art&fact index card catalogue is continuing lo be added to Modès_ Th8 daughter of a sadly deceased Crossness volunteer kindty donated his large colleclion of Crossness paperworklbooks whlch has been sorted and accessioned. where approprlale. The Collections D8velopmont Pollcy was updated and approved by the Board. Our archivist and Archives team lewjer Alexandra Sullivan stood down as a volunteer in earfy 2026 to pursue other opportuneS and we were sad lo say goodbye lo someone who contribed so much lo the strong basis on which the Archives and Colledions al Crossness now stands. The board expresses ils thanks lo h8r for this contributi. Royal Arsenal Narrow Gaug• Railway During the cakndar year 2025. RANG In¢re8sed the number of trips operated by 50.kn to 2488 or 618 miles, quivalenl to a trip from London lo the Scottlsh border and back. The locomotivé and COBch8s had a 100% mechanical reliablty record but th th8 engine now 40 yèars old, an adve search for a suitable back-up locomots.ve contlnues - so far without su¢cgss givgn the low numbers of suitable bcomollves being put up f sale elsewhere. RANG conllnue(I to adhere to Ils planned priorltisation of improving the visitor experience. Anecdotal evidence from visitors suggèsts that the availability ol a Irain-ride enhances the enjoyment of the experience of Crossnes5 as a whole. The mo$1 $ignificanl infrastructure job linked to visilor-experience improvement during the year involved the relaying ol the Crossness Lower railway platform. Following a realisalion that the Eddie's Rest platform surface was becorning unsuitable for wheelchairs and children's buggi8s. r6s0urc6s h8ve now been put in pla¢8 to relay the Eddie's Rest plaffom lo a similar high standard. Elsewhere. major work has beèn un¢Jert8ken on refurbishing the Memorial Garden and the Eddie's Rest growing-ar8as including the refurbishment of life-expSred equipment donated by third partles. Community Volunteer Days offered by Neork Rail. AWE and Ford enablèd thè railway to safely renew three track pan81s. In the year ending 31 Odober 2025, delivery ol tr10 40. second-hand shipping wnlainors and the removal of a wall behind the roller shutter enabled the team to signifrcanty ¢lean-LJP the loco shed and sUoUnd1ngs. Further plans involve moving the third coach insidè the shed enabling a start lo be made on restoration. Space is also teing freed up within the shed for a small exhibit*)n on the histcry of rallw8ys at Crossness. Page 3
CROSSNESS ENGINES TRUST IA Company Llmlt•d by Guarant••l CHAIR'S STATEMENT {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Lgarnlng and Engaggment Our Leaming and Inlerpratslion Manager, Laura, led 23 visits from s¢hiK)Is and other organised groups of childr8n. including Scouting Groups and the local Children's Cent, ranging in ages from 5 to 18. Over 650 children and young people visited in total, touring the site and participating in activities includlng testing water fillers, building electric circuils. and handling Victorian artefacls. There were also 19 visits from FE colleges and universities, totalling over 300 students from a diverse range of subjects including pbJmbing. engineerlng, public health and urban sustainability. Crossn&ss hosted fiva wort 8xperi&nc8 students from four drfferenl schools, who were given th8 opportunity to gain experience in 8ngin8ering, marketing. event planning and curation. Laura also vislled three primary schools to run leaming sesslons about Crossness os part of the Children's Universty. In March 2025 the digital guide lo Crossness was launched on the Bloomberg Connects App, wtth a wide rango of contsnl includSng an audio lour about thg opening day ceremony. This lour was recognised by the team at Bloomberg Conne¢ts as being of a very high standard, and Laura was invited lo be a guest on a webinar on how to create engaging content. To date the guide has been downloaded by over 4.500 u5er5 and opened over 7,000 times. Laura also appeared as a guest on an episode of the National Trusvs 'Back When. podcast about the Great Slink. and as a panellist for arb undergr8duatg project on sewage syEtems for the UCL Engineerir Department. In October 2025 Crossnèss Pumping Station was transformed into Cro$snes$ Pumpkin Ststhon for 8 speckql children's Halloween event. with a ghost train staffed by zombies and spooky stories in the Beam Engine House. Thls event attracted around 100 family visitors, and along wllh events such as Live History and the Thames Festival, opened up the sile to a differerrt demographic than our regular opening days. Alongslde working lo grow the number of educational vi51ts, Laura Is develq)Ing further content for the digital guiée, and leading the Exhibitions Group to update and refresh our current exhibitions and cr88te ones. particularty around Ihe s181 history of Crossness. Vl$lior Servlces Visitor development and public engagement grew strongty durfng 2024-25. alongside a major focus on achieving Arts Council England Museum Accreditation. The Accreditation submission was delivered in October 2025, bringing lo98ther accoss plannlng. audience development work. govemance material and core policies. Thls process has significantly Strengthenod Crossngss's organlsational framework and sel clearer priorities for future visitor experience, collections managewnent, inlerpretallon and public programming. Visitor numbers reached 12.750. a 16% increase on the previous year, supported ty a bader events programme. improved visitor communications and the development of rewlar Sunday guided tours. The year's programme included the 160th Anniversary weekend, Thame5 Water Cownmunily Day. Mhairi Vari's Soulhem Outfall. Live History, Totally Thames Festival events and the children's Halloween event. Outreach and partnership activity includèd Th8mesmead Festival taster tours, Thames Water community engagement. phologTaphy walks wlth Amanda Eaell, and continued work with organisations including Thames Fast1 Tnjst, Bow Arts, Thames Water and other industrial heritage sites. Visitor experience improvements included improvetl visltor communlcations, updated online content and stronger Use visitor feedback to Sha a¢¢ess and audience devèlopment planning. This wotl( helped move Crossness towards a more evidence-led approach to welcomlng vlsilors. idenlity'ng baniers and planning future improvements. Opefabonal improv8mgnts included the implementation of the Visisoft ticketing and POS syEt8m, improving the b¢x)king process, reporting and Girt compliance, alongside more professional and Consistent marketing maleri81s and digit81 content. Page 4
CROSSNESS ENGINES TRUST IA Company Limit•d by Guarantw) CHAIR'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Flnancg Financial performance has continued to improve with income from open dayE, group visits. guided tours and events organised for photography groups and filming hire shows continuing growth. In terms of expenditure the highest oullays have been on building maintenance, Insurance, IT and telephony and the purchase of shop slod(. Res8rv•s Policy .As part of a general review of polides in the ntext of progressing towards Museum Accredltatlon we are currently implementing an annual revlew of our reserves policy and what it should cover. The current vlèw is that we should aim to hold sufficlenl funds to cover.. Routin& rnnning Costs lor six months., unplanned essential repairs., redundancy paents. For 2025 this figure amounted to around £97,000 Membershlp Whi19 we are ahvays pleased lo welcome new members, those we10se by non-renewal are always a matter of regret. As bfjfore. the majority are for understandable aSOnS - illness, death and loss of int8rest by moving 8way, into r@s6n11a1 care or the escalating health needs of famity wEmbers or, for some. a tUrn lo paid work. A further reason is the loss of contact through changes of postal or email address and phone numbers, despits follow-ups by all avall8bl8 rneans. During the year ¢urrenlly under review, we attracted 40 naw members but sadty. lost 58 of whom 28 merely did not renèw their membership. Curront m•mbfrrshlp (as at July 2026) TYPE OF MEMBERSHIP Honorary Lrfe Life Individual Family Senior Cit12en Sènior Life Unwaged Student Reciprocal organisalions TOTALS Children lunder 16) (free) GRAND TOTALS of aduli membership 2.41 2.63 14.25 10.09 43.86 22.59 0.89 0.43 2.85 100 11 12 65 46 200 103 13 456 462 Page 5
CROSSNESS ENGINES TRUST (A Company Llmllod by Guaran1••) CHAIR'S STATEMENT {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Communlutlons and mark•tlng CommunicalK)ns and marketing supported a broader and more varied public programme during the yeaT. We St ngthened websile and pre-visit informotion. maintained regular social media promotion and produced more consistent posters, flyers, videos and other mal8rials for open days. guided tours and special events. Major comrnunicatlons projects included promotional VKleos for the Victorian summer event a1 Halloween famity day. a bcoklet marking the 160th anniversary of Crossness. and content for tho new Bloomberg Connects digital guide. Bloomberg also provided us wth bts of marketing rnaterial Iposlors, postcards. bookmarks, etcl which helped us markot the museum more eff8Ctivety alongside their app. The introduction of the Visisoft licketSng system also improved online evènt information, booking. Gift Aid administration and reportlng. Community engagement Communlty ewagement focused on building stronger links with local residents and partner organisations. ActNity included free taster tours at the Thamesmead Festival, support for the Thames Water Community Day and photography walks delwered with a10¢81 photographer through the Thamesmead Community Fund. Parbiership working also helped Crossness reach new audiences through events with the Thames Festival Twst.. A Very Vi¢an Outing by the River and the Conduit jazz performance in the Beam Engine House. Both demonslraled the potential of combining the $ile's irKlustrial heritage with cultural programming. We also Continued to develop relationships with organisations inckjding Peabody, Bow Arts. Th8me8 Water, the Thames Festival Trusl and other Industrial herflage sites, while beginning discussions with the London Fèstival of Architecture. These Connections supported outreach. shared leaming and the development of future events arKI collaborations. Future plan$ A number of key octivilies have been identified as part of the goveman¢e work for thg futurg. In short th8se are.. Complgte th& rgview of the membership for implementation of the new scheme in the next financial year. Undertake a complete condition survey of the main three bulldlngs wllh a vlew to preparing for major funding tids. Conslder ways to increase the museum's opening hours and reach to the local community. Bggln to Consult with Historic England arHI othw funders over future grant applications. Identify new specialist Irusle8 skills. particularly around heakh and safety. Sarah Beawck Chair of Trustees Date: 28 August 2026 Page 6
CROSSNESS ENGINES TRUST {A Company Limit•d by Guarant••> TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The Tnjslees present thelr annual report together wilh the financial statements of the Chartty for the 1 November 2023 to 31 October 2024. The Annual Report serves the purposes of both a TTuslees' report and a diTeclors' report under company law. The Trustees confirm that the Annual Report and financlal ststom¢nts of th charitsble company comply wilh th8 current stslutory requirements, the rgquiremenls of the charitable eompanls goveming document and the provisions of the Statement of Rècommended Practi {SORPI applicable to charikn'es preparing their accounts in accordance th the Flnancial Reporting Slandard applicable in the UK and Republic of Ireland {FRS102) (effective 1 January 2019). Since the Charfty qualrfies a$ $mall under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies untler the Companies Ad 2006 (Strategic Report and Directots, Report} Regulations 2013 has been omitted. • Polkl¢s and obl•¢tlv•s The prindpal obSecllve of the company is to conserve, maintain. document. interpret and explaln, for the benefft of the public, the buildings, engines and suThounding land of the Southern Ourfall of the Victorian sewer system developed by Sir Joseph Bazalgette. In setling objectives and planning for aclivrhes, the Trustees have given due ¢Sideration to general guidance published by the Charity Commission relaling to publlc benefit, Sncludkng the gutdance 'Public benfrfft.. running charfty IPB21 Golng concèrn After making appropriate ènquiries, the Trustees have 8 reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going Concern basis in preparing the financial staltsments. Further details regarding the a(knplion of the going ¢0M basis can b8 found in the aCntIng policies. Structure. goveman¢e and management • Constftutlon Cr055ness Engines Twst is registered os a charitable company limited by guarantee and was set up by a Memorandum of Assoclalion on 22 June 1987 and subsequently amended on 06 June 1999. Method$ of appolntmont or •l¢¢tlon of Tru$tses The management of the Charity is tho responsibility of the Trustees who are eleded and co-opted under th6 terms of the Memorandum of Association. Page 7
CROSSNESS ENGINES TRUST (A Company Llmllod by Guaranlge) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 statomonl of Tru$t90$' rg$ponslbllStl•$ The Trustees (who are also the direclors of Ihe Charity for the purposes of company18w) are responslble for preparing the Trustees, Report and thè financial statements in accordance wf(h applicab law 8Th1 United Kingdom Accounting Standards Iunited Ki'ngdom Generally Accepted Accounting Practice). Ct)mpany law requires Ihg Trusloes to prepare financial slalements for each financial . UrKler company law, the Trustees must not approve the financial statements unless they are satisfied that they glve a true and fair view of th8 State of affairs of the Charity and of tts incoming resources and application of resources. including ils income and expenditure, for that period. In proparing these financial stslernents, the Trustees are required to-. select suitable accounting policies and then apply thom SIS1en11. obsewve the methods and principlos of the Charitios SORP IFRS 102)- mak8 judgments and accountlng eslimales that are reasonable aml prudent., state whèther applicable UK Accounting Stsndords IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on tho going concern basis unless it is inapproprrate to prèsume that the Charity will continue in business. The Trustees are responslblè for keeplng adequate accounllng records that are sufflclenl to show and explaln the CharFtys transadions an4 disclose with r8asonabl8 accuracy al any lime the financial position of the Charity and enable them to ensur8 Ihat the financlal stalem8nts comply wlh the Comp8niès Act 2006. They are also responsible for safeguarding the assets of Ihe Charity and hence lor takiro reasonable steps for the prevenft and detection of fraud and other irregularilies. Approved by order of the member8 of the board of Trustees and signed on thelr behalf by. Sarah 8oa¢ock Chair of Trustees Date: 26 August 2026 Page 8
CROSSNESS ENGINES TRUST (A Company Llmltfjd by Guaranto•1 INDEPENDENT EXAAIINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 Indopendent •xamlns report to the Tru$tg9s of Crossness Englnos Tru$t1lho Charity'l We report to the chanty Trustees on our examination of the accounts of the Charity for the year ended 31 October 2025. Rosponslbllltles and ba$1$ of roport As the Trustees of the Charity land its directors for Ihe purposes of company lawl you are responsible for the preparaOn of the atunIS in accordance wth the requirements of the Companies Act 20061'the 2006 Acf l. Having satisfied ourselves that thè accounts of tho Charity ar8 not requlred lo be audrt8d under Part 16 of the 2006 A¢1 and are eligible for independent examination, we report in respect of our examination of the Charivs accounts carried out under sectSon 145 of the Charities Act 2011 I'lhe 2011 Act'}. In carrwng out our examination we have followed the DireclKJns glven by the Charity Commission under section 145{5llbl of the 2011 Act. Independent exarnlnerfs 8tattment Since the Chariws gross income exceeded £250,OOD your examiner musl be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualrfied to undertake the examination because we are a member of The Insliluts of Chartered A)untantS in England & Wales. whlch Is one of the Ilsled bodles. We have completed our examination. We confirm that no matters have corne to our attention in connection with the examination giving u5 cause lo believe.. accounting recor(Js were rK)t kept in respect of the Charlty as r8qulred by sectSon 386 of Ihe 2006 Art or the accounts flo not accLYd with those records,. or thg accounts do not compty wKh the accounting requirements of $8ctior1 396 of the 2006 Act other than any requirement that tho accounts givfy a Iru& and fair. view which is not a matter consideretl as part of an independent examinalK)n- or the accoun15 have not been prepared in a¢¢ordance wlh the m8thods and principles of the Ststement of Recommended Practice for a¢counth"ng and rÈpOn9 by charitiès lapplicable to charities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irel8nd {FRS 10211. We have no con¢gms and have me across no olh8r matters in connection with the examlnation lo which attention shoukl be drawn in this report in order lo enable a proper urbderslanding of the accounts to be reached. Signed. SW Stephen M Fryer Hedley Dunk Llmltsd Va X•inadin Accountants Dated". 17 I#1> FCA Page 9
CROSSNESS ENGINES TRUST {A Ct)mpany Limitod by Guarant••) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOIAE AND EXPENDITURE ACCOUNn FOR THE YEAR ENDED 31 OCTOBER 2025 Unr•gtricted funds Restricted funds 2025 2025 Totsl funds 2025 Total nds 2024 Note Incomè from: Donations and legacies Charitable activities Other trading activlties Investments 46.983 294.099 29.745 3.465 2,000 48,983 294,099 29,745 3.465 44.837 230,693 26,561 2,264 Total in¢om• 374.292 2,000 376,292 304.355 Expèndlturn on: Ch8ritable aetivities 255.988 50.422 306,410 239,785 Total expenditure 255.988 50.422 306.410 239,785 Net movement In funds 118.304 148.4221 69,882 64,570 Reconciliation Df funds: Total funds brought fornard Net movement in funds 310.217 118.304 1.441.729 148.4221 1.751.946 69.882 1.687.376 64.570 Tolal fvnd$ urrled forward 428,521 1,393,307 1,821.828 1,751,946 The Statement of financi81 aclivllies inclutles all gains and losses recognised in the year. The note$ on pages 12 to 22 form part of Ihesg financial stat8monts. Page 10
CROSSNESS ENGINES TRUST (A Company Llmlted by Guarantee) REGISTERED NUMBER: 02141756 BALANCE SHEET AS AT 31 OCTOBER 2025 2025 2024 Note Fixed assets Tangible a$sels 13 t,453,607 1.491,423 1.453.607 1.491.423 Current assets Stocks Debtors Cash at bank and in hand 14 15 38,394 49.860 298.937 32.752 18,808 228,249 387.191 279,809 Curr•nt liabilities Creditors.. amounts falling du8 within one year 16 {18,970) {19,2861 Net curTent assets 368,221 260,523 Total assets less current Ilabllltles 1,821,828 1.751,946 Net assèts ex¢ludlng ponslon asset 1.821.828 1,751,946 Totsl n•t assets 1,821.828 1.751,946 Charfty funds Reslrlcted funds Unrestricted frjnds 18 18 1.393,307 428,521 1,441,729 310.217 Total funds 1,821,828 1,751,946 The Charty wds entitled to exemption from audit under section 477 of th8 Companies Act 2006. The memb8rs have not required the company to obtain an audit for the year In question in aordanCe with section 476 of Companies Act 2006. The TTUStee$ acknowledge their responsibilities for complying wlh the reqU1ments of the Act with respect to accounting records and preparation of financial 8tatemenl8. The financial statements have been Prepared in accordance wFth the provisions applicabl8 to entili&s subj8Ct to the small companies regi. The financl81 ststements were approved and authorised for issue by the Trustees on 26 August 2026 and signed on their behalf by.. S Beacock Chalr of Trustees The notes on pages 12 to 22 form part of these financial slatements. Page 11
CROSSNESS ENGINES TRUST IA Company Limit•d by Guarant•o> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Gonoral Inft*m)atlon The Crossness En9ines Trust is a charitsble Gompany limitgd by guarantee registered and domiciled In the UK. Il's principal place of business is the same as its registered office and Is shown in the company Informallon. The principal objective of the company is lo conserve, maintain, document, inlerpret and expbain, for the benefit of the public, the buildings, èngines and surrounding land of the Southem Outfall of the Victorian sewer system developed by Sir Joseph Bazalgette. A¢countlng poll¢le$ 2.1 Basis of prep4r•tlon of flnan¢lal st•t•m•nts The financial slalements have been prepared In accordance wllh the Charflies SORP IFRS 1021- Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to chariti8S preparing their accounts in accordanc8 with thè Financial Reporting Standard applicablè in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2015}, the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 and the Companles Ad 2006. The Crossness Engines Trust meets the definition of a public benefit enthty under FRS 102. Assets and liabilities are initially r¥cognised at historical cost or transaction value unless otheMis8 stated li the relevant accounling policy. 2.2 Income All income is recognised once the Charity has entitlement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliabty- The rècognltion of income from 18ga¢ies is dependent on ostablishing 8ntrttBment. the probabllity of recelpt and the ability to estimate with sufficienl accuracy the amount receivable. Evidenc8 of entitlement to a legacy exists when the Charity has sufficient evid8n¢e that a gift has been left lo them (through knowledge of the existence of 8 valid wll and the death of the benefactor) and the executor is satisfied that the propety in question will not be qUired lo satisfy clalms in the estate. Receipt of a legacy must be recognised when il is probable that it will be reiVed and the fair value of the amount receivable. which will generally be the expected cash amount lo be distributed to the Charity. can be reliably measured. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of incomo receivgd for specific purposes but not expended during the period is shovm in the relevant funds on the Balance Shget. Where income is received In advance of enlidemenl of recelpt. Its recognition is deferred and Sncluded In Grgdilors as deferred ineomo. Where entluemenl occurs before income Is recelved, the income is accnJ8d. Income tax recoverable in relation lo Investment income Is recosmised al the time the imiestfflenl income is ceivable. 2.3 Expendilurn Expenditure is recognised once the is a legal or conslruclive obligation to transfer economic bfit to a third party, il is probable that a Iransfer of economic benefrts will be required in settlement and the amount of the obligation can bo measured reliably. Expenditure is classified by activity. The costs of each activity are rwbade up of the total of dir8ct costs and shared costs, induding support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocat8d direcuy trj that activity. Shared costs whlch contribute to more than one activity and support costs whlch are not attributable lo a single activity are apportioned beeen those aclivilios on a basis consistent with the use of resources. Central staff costs are allocated on the basls of time spent, and depreciation chaiy&s allocaled on the portion of the asset's use. Page 12
CROSSNESS ENGINES TRUST (A Company Lirnitod by Guarantt61 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accountlng pollcles (continued) 2.3 Expendlture {¢ontlnued) Expenditure on charitable a¢tNities is incurred on dire¢Uy undertaking the activrlies whKh further the Charitys objectives. as well as any 88so¢ialed 8UPPOrt costs. All expendliure is in¢lu$ivo of itrecoverable VAT. 2.4 Tangible flxed •$sets ¥nd deprèelatlon Tangible fixed as5els are inltially recognisèd at cost. After recognllion, under the cost model, tangible rLxed assets are measured at cost loss a¢¢umulated depreciation and any accumLTrlaled Impaim)enl bsses. All costs incurred lo bring a tangiblo fix&d asset into its intended working condition should be included in the measurement of cost. DeprecSalion is charged so as lo allocate the cost of tangible fixed assels less thelr resldual value over their esllm8ted usgful lives. Depreciation is provided on the following basis: Long-teTm leasehold propety Plant and machinery 2% straight line at varying rates lo renect asset's useful gconomic life from 5- 20% 2.5 stocks Slo¢ks are valued at the lower of cost and net realisable value after making due allowance for L*>solete and slow-moviThJ stocks. Cost in¢ludes all dired costs and an appropriate proporknon of fixed and variable overheads. 2.6 Dobtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments ar8 valued al the amount prepaid nel of any trade discounts due. 2.7 Cash at bank and In hand Cash al bank and in hand inclLKles cash and short-lem highly liquid investmenls with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.8 Llabllllles and provl$lons Liabilities are reGognised when thera is an obligation al the Balance Sheet dale as a $It of 8 P8St event, it is probable that a Ir8nsfer of eo)nomi¢ benefit will required in settlement. and the amunl of the settlement can be estbmated relSably. LiabilItS are recognised at the amount that the Charity anticipates It will pay to settl8 thg debt or the ount it has recetved as advanced payments for the goods or services il must provid8. Prov(sSons are measured at the best estimate of the amounts required lo setue the obligation. Where the effecl of the time valu8 ol mon8y is material. the provision is based on the present value of IIKJse amounts, discounted at the pre4ax discount rate that reflects the risks specific lo the liability. The unwindiro of the discount is recognised in the Statement of Finarbcial Activities a3 a finance wsl. Page 13
CROSSNESS ENGINES TRUST IA Company Llmltèd by Guarantso} NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting policies {continuedl 2.9 Flnan¢lal instrumènts The Charfty only has financial assets and finanGial liabilities of a kind that qualify as basic financial inslrurnents. Basic financial instruments are initially re¢ognisod al transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest Method. 2.10 Pensions The ChaFity operates a defined contdbullon pension schemè and Ihe pension charg8 r8pres8nts the amounts payable by the Charity to the fund in respect of the year. 2.11 Fund accountlng General funds are unreslricled funds whith aTe available for use al the discretion of the Trustges in furtherance of the general objeth'ves of the Charity and which have not been design3t8d for other purposes. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for parts¢ular purposes. The costs of raising and administering such funds are charged against the spectfic fund. The aim and usa of 8ach r8slricted fund Is sgt out in th8 notgs lo the financial slatemènls. Investrnent Income. gains and losses are allocated to the appropriate lund. In¢¢mg from donations and legacies Unre51ricted funds 2025 Re$tri¢te¢J funds 2025 Total futvjs 2025 Totsl funds 2024 Donations 46,983 46,983 27,730 17,107 LaCleS Grants 2,000 2,000 Total 2025 46.983 2,000 48,983 44,837 Incom• from ¢harftabl? actlvltlos Unrestricted funds 2025 Totsl funds 2025 Total fvnds 2024 Restoration and maintenance of building and engines 294.099 294,099 230,693 Page 14
CROSSNESS ENGINES TRUST IA Compèry Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 InStmant Incom• Unre8trir*ed funds 2025 TotAI funds 2025 Total funds 2024 Bank Interest received 3.465 3,465 2,264 Anaty$S$ of exPendIre on charltable actlvltles Summary byfund typ• Vnre$tri¢ted funds 2025 Re5trited funds 202S Total 2025 Total 2024 Restoration and maintenance of building and englnes 255,988 50,422 306,410 239,785 Analysis of •xpenditure by a¢tlvltles Activities undertakon directly Support costs 2025 2025 Ttsial fvnds 2025 Total funds 2024 Reslordtion and malntenance of bulldlng ond ngines 300.278 6,132 306.410 239,785 Page 15
CROSSNESS ENGINES TRUST IA Company Limited by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Analysls ol expendlture by activitios (continu•dl Analysi5 of dlrocl costs Restoration and m8lntenance of building 8nd engin8s Tolal fund¥ 2025 Total funds 2024 2025 Staff o)sls Depreciation Purchases Site tscililies and operational costs Health and safely costs Office costs Le9al fees Marketing and publicity 48.432 59.398 45.297 112,000 8,708 24,905 1.510 48.432 59.398 45.297 112,000 8,708 24,5 1,510 25,151 56,495 4S,972 88,400 2.526 14.489 1,259 873 Totsl 2025 300,278 300,278 235.165 Analysis of support ¢o$ts Restoration 8nd mainlenan¢e of buikling and engines Total lunds 2025 Totsl fund5 2024 2025 Other professional feès 6,132 6,132 4,620 Total 2024 4,620 4.620 Independent examinorf¥ remuneration The intlependenl examiner's remuneratlon amounts lo an Independent examiner fee of £4.62D {2024 £4.2001. Page 16
CROSSNESS EMGINES TRUST IA Company Llmltsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Staff costs 2025 2024 Wages and salaries ContribLrtion lo definèd contribulion pension schemes 47.385 1,047 24.733 418 48,432 25,151 The avgrage number of person5 emphjyed by the Charity during tho year was as follows.. 202S 2024 No. Staff No employee recewed remuneration amounting lo more than £60,000 in either year. 10. Pension commitm•nts The company operates a defined contributions pension scheme. The assets of the stheme are hehj separately from thos8 of the company in an independently administered fund. The pension cost charg• represents contributions payable by the Company to the fund and amounted to £1,047 {2024 £4181}. ContribulK>ns tolalling £290 {2024 - £270) were payable lo the fund at the balance sh661 dat8 and are Incluéed in creditors. 11. Operating lease commitments At 31 October 2025 the Charity had commitments to make future minlmum lease panents Urer non- canc8llable operaling loasos as follows.. 2025 2024 Not later than 1 year Later than 1 year an(J not later than 5 years 1,560 2,340 3,357 9,620 3,900 12.977 Page 17
CROSSNESS ENGINES TRUST (A Company Llmlted by Guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 12. Trustees. remun•ratlon and oxpens During the year, no Trustees rèceived any rtsmuneratlon or other benefits (2024 - £NIL). During the year ended 31 October 2025, expenses were reimbursed or paid directly to 6 Trustees12024 - to 4 TTUStee5} broken dovffl as follows: 2025 2024 Catering Health and safety costs General office expgns9S 5.090 1.066 3.395 5,526 1.257 4,140 9.551 10.923 13. T•nglblg flx•d ass•ts Long-lerm leasehold property Plant and machin8ry Tolal Cost or valuation At 1 November 2024 Additions 1.983.047 387.351 21.582 2.370,398 21,582 At 31 October 2025 1.983.047 408.933 2.391.980 Deprèeiation At 1 November 2024 Charge for the year 584,822 39.661 294,153 19,737 878,975 59,398 Al 31 October 2025 624.483 313.890 938,373 N•t book value At 31 October 2025 1.358.564 95.043 1.453,607 At 31 October 2024 1.398,225 93.198 1.491.423 14. Stocks 2025 2024 Finished gwds and goods for resale 38,394 32,752 Page 18
CROSSNESS ENGINES TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 15. Debtors 2025 2024 Du• within on• yoar Trade debtors 17,937 13.683 3,625 1,500 Prepayments and accrued Income Tax recoverable 28.688 49.860 18,808 16. Cr•dltors: Amounts falling due wtthin one year 2025 2024 Trade creditors Other taxation and Sodal secur6ty Pension fund loan payable Accruals and deferred Income 11,648 900 290 14,396 270 6,132 4,620 18.970 19,286 17. Corrtingent liabilities The Heritage Lottery Fund grante¢J monies for resloration works. Temis of the grant included a charge over the leasehold propety. The charge remains foi 25 years from 13 Jun8 2008. under the temis of the charge all or part of the grant can becoma repayable. Pag8 19
CROSSNESS ENGINES TRUST (A Company Llmlted by Guarantse} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 34 OCTOBER 2025 18. Ststemont of funds statement of funds - current year Balance at 1 November 2024 Balance al 31 October 2025 Income Expendilur& Unrestricted funds Gen8rn1 Funds 310,217 374,292 1255,9881 428,521 Restrlcted fund8 Low Carbon Programmè Restoration Proj8Ct Cory Communlty Fund 43,504 1,398.225 (9.2391 34,265 139,6611 1,358,564 11.5221 478 2,000 1,441,729 2,000 {50,4221 1,393,307 Total ol funds 1,751,946 376,292 1306,4101 1.821,828 Low Carbon Pro ramme Instsllation of a biomass boiler lo provide healing and hot water in rnain buildings. NLHF COVID Emer enc Support for the Trust through the Cowd pandemic Irom the National Lottery Heritage Fund. Programm8 Jmpleled wllhln the grant amount and residug retsingd by NLHF. Lgarnin and Outreach Fund Provision of improved audio-vi8ual facillies. Co Communil Fund Promslon of Improved audlo-vlsual faclllbes. Restoration Pro A major project lo improve visitor facilities, undertake essential building maintenance, Install an exhibltSon and undertake some landscaping work. Thls Heritage Lottery Fund-supported capital project is Mplete. The balance on the restricted fund doès not represent grant cash remaining to be spent. It r8pr8sents the n8t book value of the caytsl improvernents lo the lèasehoKI Property originally funded through the $triCted project. The balance is reduced as depreciation is charged over the useful economic life of the asset. At 31 October 2025 the Restoration Project furbd of £1.358,564 12024 £1.398,2251 was represented entirely by the nel book value of the long-term leasehold property. The grant remains subject lo a charge over the leasehold property for 25 years from 13 June 2008. Page 20
CROSSNESS ENGINES TRUST IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 18. Statement of fund$ (¢ontinutdl Statement of funds- prlor year Balanc£ at 1 November 2023 Balance al 31 Octobèr 2024 Transfers inlout Income Expenditure Unrestricted funds General Funds 153.961 304,355 1162,6441 14,545 310,217 Reslrlcted funds Low Carbon Programme Restoration Project NLHF COVID Emergency Learning and Outreach Fund 52.748 1,466,122 13.045 1.500 {9,244) 167,8971 43,504 1.398,225 113.0451 (1,5001 1,533,415 177,1411 (14,5451 1,441,729 Totsl of lunds 1.687.376 304.355 1239.785} 1.751,946 19. Summary offunds Summary of funds . curront ar Balance at 1 November 2024 Balance al 31 October 2025 Income Exwditure General fun(J5 Restricled funds 310,217 1.441,729 374.292 2.000 1255,988) 428,521 150.422> 1,393,307 1,751,946 376.292 {306,410} 1.821,82B Page 21
CROSSNESS ENGINES TRUST (A Company Llmltsd by Guarantee> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 19. Summary of funds (continued) Summary of funds - prlor year Balan at 1 November 2023 Balan at 31 October 2024 Transfers inlout Income Expenditure General funds Restricted funds 153.961 1.533.415 304.355 1162,6441 177,1411 14,545 310.217 114.5451 1,441,729 1,687,376 304,355 1239,7851 1,751,946 20. Related party transactions The Charity has not entered into any lated paty transaction during the year. nor are there any outstanding balances owing belween related parties and the Charity al 31 October 2025. Pag8 22