APPENDIX 1

THE THOMAS LAYTON COLLECTION TRUSTEES Nominated: Councillor Guy Lambert Councillor Mel Collins Councillor Sam Hearn Councillor Myra Savin Andrea Cameron Jon Cotton Co-opted: James Wisdom (Chair) Janet McNamara Howard Simmons REGISTERED NUMBER 801711 INDEPENDENT EXAMINER Paul Creasey

Wilkins Kennedy LLP Gladstone House 77-79 High Street Egham, Surrey TW20 9HY

REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2016

PAGES

1 Introduction

2 - 4 Trustees Report 6 Independent Examiner’s Report 7 Statement of Financial Activity 8 Balance Sheet 9-12 Notes to the Financial Statements

1

THE THOMAS LAYTON COLLECTION

INTRODUCTORY NOTE

1. History and Status The Trust was established under the Will of the late Thomas Layton (who died in 1911) for the

purpose of maintaining his collection of early British bronze and other implements, and other books, pictures, curios and articles of vertu.

The Trust is registered with the Charity Commission under No. 801711 A further scheme for the administration of the Charity, including the appointment of Trustees, was

approved by the Charity Commission on 4 October 1988. 2. Trustees Under the scheme for Administration approved by the Charity Commission in October 1988, the

appointment of Trustees was varied. The total number is to be nine of which six are to be nominated by the London Borough of Hounslow; the remaining three trustees - designated co-opted trustees - are required to be residents of the London Borough of Hounslow. The Trustees appointed under the Scheme are:

Nominated Co-Opted

Councillor Guy Lambert James Wisdom (Chair) Councillor Mel Collins Janet McNamara Councillor Sam Hearn Howard Simmons Councillor Myra Savin Andrea Cameron Jon Cotton 3. Financial Statements The Statement of Financial Activity for the year ended 31 December 2016 and Balance Sheet as at

that date are attached. This financial information has been compiled in accordance with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

2

THE THOMAS LAYTON COLLECTION

TRUSTEES REPORT

YEAR ENDED 31 DECEMBER 2016 1. Background

1.1 Thomas Layton, 1819 - 1911, lived and worked most of his life in Brentford, where he played a prominent part in the affairs of the town. Throughout his life he was an eclectic collector of books, maps, prints, drawings, archaeological objects and coins, which he bequeathed to the people of Brentford, together with his house at Kew Bridge. This was intended to become the Museum for the Collection. However, for various reasons, the Museum did not happen and the Collection had several temporary homes until Hounslow Council agreed to provide it with a permanent home in the new Hounslow Library, which opened in 1988. Part of the Collection was transferred on indefinite loan to the London Museum (now the Museum of London) in 1959 and many of these items are on display in the Museum’s galleries.

1.2 The books in the collection now appear in the Treaty Centre main library catalogue and there have been a number of requests to borrow Layton books via the inter-library loans system. The Trustees have taken advice from the Director of the National Preservation Office and compared procedures with other special collection libraries and are preparing a policy and guidelines to balance continuing access against the need to strengthen security and to further protect against damage and neglect.

1.3 The ThamesPilot digitisation project, funded by the Government’s New Opportunities Fund, was launched in July 2003 and can be viewed online at www.thamespilot.org.uk. Over 5,000 images of the River Thames have been digitised, including about 700 from the Hounslow and Chiswick Local Studies Collections, and about 72 images and book extracts from the Layton Collection, thus helping to increase awareness of, and access to, selected items from this wonderful collection.

1.4 “Layton’s Legacy: Celebrating a Brentford Treasure” was a Heritage Lottery Fund project which ran

from 2005 to 2007, with an extension until 2008. It published the book Layton’s Legacy and a Layton Trail leaflet, presented exhibitions at Kew Bridge Steam Museum and Gunnersbury Park Museum, created a web site and developed learning resources. During the extension period the set of 25 display panels about Layton, his collection and the history of Brentford were displayed in local shop windows as History in the High Street, and the electronic catalogue of the book collection was acquired and mounted on the website. The project brought together a team of volunteers who have completed an audit of the collection at Hounslow Library.

2. Charitable Objects and Status

2.1 In 1988, a Charity Commission Scheme was approved confirming the Objects of the Charity and establishing the body of Trustees which comprises six nominated Trustees appointed by the London Borough of Hounslow, and three co-opted Trustees who must be resident in the London Borough of Hounslow.

2.2 The object of the Charity is to promote the education of the public in the subjects of national and natural history, local history, arts, archaeology and science by the public exhibition of a collection of objects, specimens, books and prints of antiquity, natural history, art, archaeology and science and the extension, enhancement, conservation and maintenance of the Collection. The Trustees have given due regard to guidance published by the Charity Commission on Public Benefit. The Trustees are satisfied that the Charity meets the Charity Commission requirements to operate in the public benefit.

2.3 The Charity registration number is 801711.

3

3. Administrative Particulars

3.1 The Thomas Layton Collection meets at least twice a year and the membership during the year ended 31 December 2016 comprised:

Nominated Co-Opted

Councillor Guy Lambert James Wisdom (Chair) Councillor Mel Collins Janet McNamara Councillor Sam Hearn Howard Simmons Councillor Myra Savin Andrea Cameron Jon Cotton

3.2 The address of the Charity is the Civic Centre, Lampton Road, Hounslow, Middlesex, TW3 4DN. 3.3 The management of the Collection is carried out by Carillion Services. Other administrative, financial

and secretarial services are provided by the London Borough of Hounslow’s Committee Services, Head of Governance and Director of Finance and Corporate Services (who is Honorary Treasurer to the Trust).

3.4 The Trust’s bankers are Cooperative Bank, Delf House, Southway, Skelmersdale WN8 6WT.

3.5 The Trust’s Independent Examiner is Paul Creasey, a director in Wilkins Kennedy LLP, Gladstone House, 77-79 High Street, Egham, Surrey, TW20 9HY.

3.6 Investment services are undertaken by BlackRock Investment Managers, 12 Throgmorton Avenue, London, EC2N 2DL, and CCLA Investment Management Ltd, 80 Cheapside, London, EC2 6DZ.

4. Activities and Developments, 2016 4.1 The book collection The book collection continued to be cared for by Local Studies staff at Hounslow Library. They

actively supported the activities of the Layton's Library project (see below) without which the project could not have proceeded. During the year proposals were being drawn up for re-locating Hounslow Library; to ensure that appropriate provision is made for the collection, both the Chairman and Local Studies staff have been monitoring developments. In addition, the Chairman and a fellow trustee met Hounslow's Head of Democratic Services to agree continuing administrative support for the Trust.

4.2 Managing the web-site The Trust has continued to maintain and enrich the web-site at laytoncollection.org. Our approach

continues to be the creation a virtual museum and library, presenting Layton's Bequest as a whole, despite it being located now in several sites. As well as information about the Trust itself, the web-site provides good quality information on Layton, his life in Brentford, the Collection and research as a means of engaging potential users.

During the year a small group from the Layton's Library volunteer team selected 33 books from

which sample pages were digitally photographed for the website and compiled descriptive text for 20 of them. The Trust's digital designers created new web pages in a format different from the rest of the site where all these books are available to view. The project will be kept alive by adding more text and images about the books gradually and encouraging contributions from others through social media. The designers created a How To manual setting out the simple steps involved so that new volunteers can easily join in this work.

4.3 Museum of London The Museum of London began preparing digital images and detailed documentation of the

ethnographic objects in the Layton Collection for Collections Online. These items sit least

4

comfortably within a museum which covers the history of London so trustees are grateful that this work has been undertaken.

The National Maritime Museum requested a 10-15 year loan of the Sir Joseph Banks bronze patu

(O2543) for a new gallery called Pacific Encounters. While this would have been an appropriate loan, trustees decided against it because we favoured the Museum of London's proposal to include the patu in the new displays at the Museum of London when it moves to Smithfield. The Victoria and Albert Museum was considering borrowing a coffee house clay pipe from Layton's collection for an exhibition entitled Opera City. This would open in December 2017 and tour to Venice, Dresden, Paris, Vienna and St Petersburg.

4.4 The Layton's Library project During 2016 work on this Heritage Lottery Fund supported project continued. The co-ordinator and

volunteer team produced two exhibitions of 17th and 18th century books from Layton's collection. The first was presented at Hogarth's House from 22 January to 3 April, attracting 2013 visitors, and the second at Boston Manor House between 4 June and 30 October 2016, and was seen by 2085 visitors. In both exhibitions a space was created for visitors to record their favourite books from the collection using post-its on the wall. A total of 148 suggestions were collected from visitors, as well as positive comments about their intention to investigate the collection further.

A programme of activities ran alongside the exhibitions. Our Chairman and two volunteers gave a

special evening presentation about the project to the Brentford & Chiswick Local History Society in January 2016 which was met with enthusiasm and boosted visitor numbers at Hogarth's House where the exhibition opened the following week. The volunteer team planned and initiated a set of four book group sessions using the Layton Collection for local people. This ran twice, once in the spring and once in the summer to match the timing of the exhibitions, attracting 61 attendees at Chiswick and 34 at Brentford, across the four sessions. These covered The Gothick Imagination, Exploring the World, Plague &Pestilence and Women, Wives & Whores.

An illustrated publication, an unusual fold-out A2 sheet, was begun by one of the volunteer team

and edited by one of the steering group volunteers. She researched further detail of the books, building upon the volunteers' research, and worked with the graphic designer on the concept and format. It was distributed free of charge at the exhibitions and at the talk and other events; copies are still available for future use.

Adult and family-focussed workshops were put on during the summer at Boston Manor. There was

a workshop on 18th century book illustration and a practical book-binding session for adults. An exploration of Layton's books on insects supported a family bug hunt in the Park at Boston Manor while Layton's books on archaeology and images of some of his artefacts inspired a hands-on science and craft session. These free summer sessions attracted 173 participants, with 7 adults at the session on book illustration, 10 adults at book binding, 47 participants in family groups at the bug hunt and 69 family participants at the archaeology activity. The team was invited to repeat the archaeology family workshop at a community group event at Brentford Dock on the day of The Great River Race, and this attracted 40 participants. We asked those taking part in the family workshops to complete evaluation sheets, in which 92% circled Excellent, and the remaining 8% circled Very Good.

Four pull-up display panels were prepared for the exhibition at Boston Manor House. They are now

stored at Hounslow Library and are available to use as displays in libraries and other venues to inform the public about the Collection.

Trustees wish to record their thanks to the staff of Hounslow Local Studies and the Heritage

Manager who have provided considerable support and to Carillion for providing the workroom at Chiswick Library and the spaces for exhibitions and activities. A tea party was provided to thank the volunteers for their contribution. Equipment purchased for the project but no longer needed was donated to the two historic houses and to the Local Studies Library where appropriate.

5

4.5 Book conservation and “Sponsor a book” The following two donations were received in 2016. James Lovely £100 K. Mary C. Brown £30 5. Reserves Policy

The Trustees have considered their policy regarding reserves which, in general, has remained in place for some years. The Charity relies heavily upon the funds generated from investment income to meet the day-to-day costs of restoring books etc and administrative overheads. To generate investment income at the current level from investment holdings of sufficient size, reserves approximating to their current levels are required. Trustees do not, therefore, envisage significant variation of these reserves in the future.

6. Risk Review

In considering the major risks to which the Charity is exposed, the following are considered relevant:

Investment management is undertaken by professional third parties, BlackRock Investment Managers and CCLA Investment Management Limited. BlackRock investment policies are to avoid speculation and to invest prudently. Investment policy is generally cautious. CCLA “pool” deposits from a wide range of charities to obtain higher rates of interest, and only invest in short-term sterling deposits. Administration of the Trust is handled by the London Borough of Hounslow at the direction of the Trustees, and the Layton Collection was administered in 2016 by Carillion Services from the London Borough of Hounslow Library.

7. Trustees' Responsibilities

Charities Act 2011 requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the Charity as at the end of the financial year, and of the income and expenditure of the Charity for that year. In preparing those Financial Statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;

observe the methods and principles of the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statement;

prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation

The Trustees are responsible for keeping adequate accounting records which disclose, with

reasonable accuracy, the financial position of the Charity and which enable them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with the applicable law and regulations. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD OF TRUSTEES

------------------------------------------------ Approved by the Board of Trustees on 2017

6

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF

THE THOMAS LAYTON COLLECTION I report on the accounts of the charity for the year ended 31 December 2016 which are set out on pages 7 to 10.

This report is made solely to the trustees, as a body, in accordance with section 154 of the Charities Act 2011 (the 2011 Act). My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in on independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity or the charity’s trustees, as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of the Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to

- examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the General Directions given by the Charity Commission

(under section 145(5)(b) of the 2011 Act; and; - to state whether particular matter have come to my attention

Basis of Independent Examiner’s statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below.. Independent Examiner’s statement

In the course of my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with section 130 of the 2011 Act: and - to prepare accounts which accord with the accounting records and comply with the accounting

requirements of the 2011 Act have not been met: or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the

accounts to be reached.

Paul Creasey Wilkins Kennedy LLP Chartered Accountants Gladstone House 77-79 High Street Egham, Surrey TW20 9HY Date:

7

THE THOMAS LAYTON COLLECTION

STATEMENT OF FINANCIAL ACTIVITY

YEAR ENDED 31 DECEMBER 2016

Note 2016 2015

Unrestricted

funds

Restricted

funds

Total

Total

£ £ £ £

Income and endowments from:

Donations and legacies 2 130 22,360 22,490 27.970

Investments 3 5,291 - 5,291 5,345

Total income and endowments 5,421

22,360 27,781 33,315

Expenditure on:

Charitable activities 4 258 40,424 40,682 11,161

Other 5 1,218 - 1,218 900

Total expenditure 1,476 40,424 41,900 12,061

Net gains on investments 6 13,716 - 13,716 1,488

Net income 17,661 (18,064) (403) 22,742

Reconciliation of funds:

Total funds brought forward 8 182,705 - 182,705 159,963

Total funds carried forward 200,366

(18,064) 182,302 182,705

All income and expenditure derive from continuing activities. The notes on pages 9 to 10 form part of these financial statements.

8

THE THOMAS LAYTON COLLECTION

BALANCE SHEET AS AT 31 DECEMBER 2016 NOTE 2016 2015 £ £ FIXED ASSETS - INVESTMENTS 6 165,674 151,958 _______ _______ CURRENT ASSETS Cash at Bank 10,724 4,657 Cash at COIF 6,744 26,693 Cash in hand - 462 CREDITORS: Amounts falling due within one year 7 (840) (1,065) ───── ─────

NET CURRENT ASSETS 16,628 30,747

───── ─────

TOTAL ASSETS less CURRENT LIABILITIES 182,302 182,705 ═════ ═════ FUNDS Restricted funds 8 (1,227) 16,837 General fund 8 122,115 118,170 Revaluation reserve 8 61,414 47,698 ───── ─────

182,302 182,705 ═════ ═════ Approved by the Board of Trustees on 2017 and signed on its behalf by: --------------------------------------------------- CHAIRMAN OF TRUSTEES The notes on pages 9 to 10 form part of these financial statements.

9

THE THOMAS LAYTON COLLECTION

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2016

1. ACCOUNTING POLICIES 1.1 Basis of Preparation of Accounts

These financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets and the recognition of certain financial assets and liabilities at fair value. The charitable trust meets the definition of a public benefit entity under FRS 102. The charitable trust transitioned from previously extant UK GAAP to FRS 102 as at 1 January 2014. There were no financial measurement changes as a result of the process and the net funds position at 1 January 2014, 31 December 2014 and the net income for the year ended 31 December 2014 remained unchanged. The financial statements are presented in sterling which is also the functional currency for the company. After reviewing the charity’s forecasts and projections and taking into account the economic conditions and possible changes in trading performance, the trustees have a reasonable expectation that the charitable trust has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.2 Fund accounting Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.

1.2 Fixed Assets The Layton Collection, which was originally shown at its Estate Duty Valuation together with muniment

room furniture and fittings etc, are not now included under assets of the Trust. Investments are shown at market value, which is in accordance with the Statement of Recommended Practice for Charities. Investments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using an appropriate valuation technique. Investments in unquoted equity instruments whose fair values cannot be measured reliably are measured at cost less impairment. All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

1.3 Income Income is recognised when the charity has entitlement to the funds, any performance conditions

attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

10

THE THOMAS LAYTON COLLECTION NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2016 (continued) Donations, are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Income from government and other grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Donated professional services and donated facilities are recognised as income when the charity has

control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the value of general volunteer time is not recognised.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment portfolio.

1.4 Value Added Tax (VAT) VAT is not recoverable by the Charity and, as such, is included in the relevant costs in the Statement

of Financial Activities. 1.5 Other expenditure Other expenditure includes the management and administration of the Charity which is not directly

related to the charitable activity. 2. DONATIONS AND LEGACIES 2016 2015 £ £ Donations 130 20 Grants – Lottery funding 22,360 27,950 ─── ───

22,490 27,970 ═══ ═══

3. INVESTMENT INCOME 2016 2015 £ £ Common Investment funds income 5,291 5,345 ═══ ═══

4. DIRECT CHARITABLE EXPENDITURE 2016 2015 £ £ Unrestricted: Bookbinding - - Web Design and Internet Costs 258 48 ─── ───

258 48 ═══ ═══

11

THE THOMAS LAYTON COLLECTION NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2016 (continued)

Restricted- Lottery: Professional Fees – Project co-ordinator 23,095 9,375 Equipment & Materials 9,850 691 Display equipment & book supports etc - 404 Exhibition publications, publicity & promotions 1,565 528 Training for volunteers 1,714 115 Technical design & support 4,200 - ______ ______ 40,424 11,113 ═════ ═════ 5. OTHER EXPENDITURE 2016 2015

£ £ Independent Examiner’s fee 1,218 900 ═══ ═══

6. FIXED ASSET INVESTMENTS BlackRock Investment Managers undertake investment services for the Trust. The investments held

are: No. of Value at Value at Description: Units 31.12.16 31.12.15 £ £ Charinco Distribution Units 32,110,683 63,515 61,075 Charishare Distribution Units 17,347,452 102,159 90,883

______ ______

165,674 151,958 ═════ ═════ New Investments - - ═════ ═════ Net Unrealised Investment Gain 13,716 1,488 ═════ ═════ 7. CURRENT LIABILITIES 2016 2015

£ £ Independent Examiner’s fee 840 840 Professional Fees-project co-ordinator - 225 ───── ─────

840 1,065 ═════ ═════ 8. RESERVES

Restricted Lottery Funds

£

General Fund

£

Revaluation Reserve

£

Total

£

Balance at 1 January 2016 16,837 118,170 47,698 182,705 Movement in year (18,064) 3,945 13,716 (403) ───── ───── ───── ─────

Balance at 31 December 2016 (1,227) 122,115 61,414 182,302 ═════ ═════ ═════ ═════

12

THE THOMAS LAYTON COLLECTION

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2016 (continued)

9. TAXATION As a registered charity the Trust is not liable to taxation. 10. TRUSTEES REMUNERATION AND EXPENSES No remuneration or expenses were paid to any Trustee or key management.