OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

THE LUTYENS TRUST (Registered Charity Number 326776)

ACCOUNTS AND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Hughes Spencer Ltd 12 Acorn Business Park Northarbour Road Portsmouth Hampshire, PO6 3TH

The Lutyens Trust Report and Accounts For The Year Ended 31 March 2021

Contents

Trust Information 3
Report of the Trustees 4
Independent Examiner’s Report 13
Statement of Financial Affairs 14
Balance Sheet 15
Notes to the Accounts 16-19

2

The Lutyens Trust Report and Accounts For The Year Ended 31 March 2021

Charity Information

Principal Address:

Goddards Abinger Common Dorking Surrey RH5 6JH

Trustees and Officers

Martin Lutyens Co-Chairman Ludovic De Walden (died 2/11/20). Co-Chairman & General Counsel Rudy Capildeo (appointed 17/03/21) Trustee & General Counsel Dr Adam Menuge (appointed 17/03/21) Trustee Charles Hind Trustee Charles Lutyens Trustee & Honorary Treasurer Clive Aslet Trustee Prof Jane Ridley Trustee Dr Mervyn Miller Trustee Margaret Richardson (retired 3/09/20) Trustee Mark Lutyens Trustee Lady Alexandra Wedgwood (retired 15/07/20) Trustee Paul Waite Trustee & Chairman – Events sub committee Rebecca Lilley (until 31/12/20) Trust Secretary & PA to Chairman Dr Amy Boyington (began 09/11/20) Trust Manager Maddy Hounsham (retired 1/05/20) Membership Secretary Claire Hill Goddards Secretary Anthony Richardson (retired 31/12/20) Architectural Adviser Dominic Lutyens Newsletter Editor Richard Page Property Market Specialist Michael Barker Representative in France

Independent Examiners:

Hughes Spencer Chartered Certified Accountants 12 Acorn Business Park Northarbour Road Portsmouth Hampshire, PO6 3TH

Bankers:

HSBC Bank plc 31 Holborn Circus London, EC1N 2HR

General Counsel: Ludovic de Walden (died 2/11/20) Rudy Capildeo (from 17/03/21) Charles Russell Speechlys LLP 5 Fleet Place, London, EC4M 7RD

3

THE LUTYENS TRUST

Report of the Trustees For The Year Ended 31 March 2020

The Trustees have pleasure in submitting their Annual Report and Independently Examined Accounts for the year ended 31 March 2021.

Status

The Lutyens Trust is a registered charity (No. 326776) and is governed by its Trust Deed.

Restrictions

There are no particular restrictions imposed by the Trust Deed concerning the way in which the Trust can operate.

Investment Powers

The Trustees have powers to invest the monies of the Trust in such investments, securities or property as may be thought fit.

Aims & Objectives of the Trust

The Lutyens Trust is an educational and conservation charitable trust with the following aims and objectives:

Activities and Achievements

The Trust’s core activities during the year consisted of casework, events for members, production of the newsletter in the spring, summer and winter and development of the Gazetteer of all Lutyens’s known works. Due to Covid-19 all physical visits were cancelled, but a series of online lectures were organised instead. These were available to members as well as the general public.

The Trustees and committee members continued their efforts to ensure that the Trust would continue to meet its objectives in response to challenges and opportunities from development and changing technology. Development of the Gazetteer of all Lutyens’s known works continued in collaboration with Lutyens Trust America under a small team headed by Marcos Lutyens. The Photographic

4

THE LUTYENS TRUST

Report of the Trustees For The Year Ended 31 March 2021

Archive continued to prove an important resource for the Trust in furthering its objectives of protecting and promoting Lutyens's works. The number of requests for photographs from the collection to be used for commercial, charitable and educational purposes, and across a wide range of media raised a small but valuable contribution to the Trust's core funding.

The Trust also handled a stream of enquiries, which were fielded and passed on as appropriate by the Trust Secretary Rebecca Lilley (until 31/12/20) and then by the new Trust Manager Dr Amy Boyington (who began 09/11/20). The trend of public enquiries seeking attribution of their properties to Lutyens, highlighted in last year’s report, continued. Membership enquiries were dealt with by Maddy Hounsham until 1/05/20, then by Rebecca Lilley until the end of 2020 and then by Amy Boyington.

Patrons and Trustees

The Trustees are pleased to report that, as of 17 March 2021, two new Trustees were appointed. These were Rudy Capildeo, Partner at Charles Russell Speechlys; and Dr Adam Menuge, architectural historian and Course Director for MSt Building History at the University of Cambridge. Rudy Capildeo was also appointed at the Trust’s pro bono General Counsel.

Margaret Richardson retired as trustee and was subsequently elevated to patron on 3/09/20.

With sadness, the Trustees also have to report that Ludovic de Walden, General Counsel and Trustee, unexpectedly died on 2/11/20. His constant support, sound judgement, legal experience and wit are much missed.

Governance and Public Benefit

The Trustees held three board meetings during the year, covering a range of financial, operational and compliance matters. In accordance with the duty set out in Section 4 of the Charities Act 2006, the Trustees pay special attention to the Charity Commission’s General Guidance on Public Benefit when reviewing their aims and objectives and in planning their future activities; the focus is on ensuring that these aims, objectives, and activities keep pace with a changing world.

In terms of public benefit, the work of The Lutyens Trust continued to focus on the conservation, study, and understanding of the wide-ranging contribution made by Sir Edwin Lutyens to the architectural heritage of the United Kingdom and other countries, for present and future generations. This work extended not only to the United Kingdom but also included the Trust’s joint venture with the INTACH Delhi Chapter in relation to New Delhi; liaison with the Commonwealth War Graves Commission and others in respect of the Lutyens memorials and cemeteries in France and Belgium, and liaison with the Lutyens Trust America, which was “formed to promote the appreciation and knowledge of the work of Sir Edwin Lutyens” .

The casework carried out by Anthony Richardson, the Trust’s Architectural Adviser, with the assistance on occasions of committee members and trustees, is fundamental to the objectives of the Trust and is of clear public benefit. It is the process by which the Trust examines planning applications and related matters, liaising with property owners, public authorities, Historic England

5

THE LUTYENS TRUST

Report of the Trustees For The Year Ended 31 March 2021

and the amenity societies to ensure that conservation and necessary modernisation of Lutyens’s work is sensitively carried out while helping to forestall inappropriate alterations and development. Likewise, the study visits organised for members to see and study buildings designed by Sir Edwin and his contemporaries, contribute materially to the public benefit, as does the vigilance of the members themselves in noting and reporting actual and potential threats to Lutyens buildings.

The Goddards Study Week was cancelled due to the Covid-19 restrictions.

Furthermore, the Trust responded to numerous enquiries from the public relating to Sir Edwin’s buildings and memorials. Progress continued in cataloguing and improving the accessibility of the Trust’s increasing archive of images and papers relating to Sir Edwin’s life work, for the benefit of members, of the architectural profession, of students and of the wider public.

The archive of the late property writer, Michael Hanson, now housed at the Goddards library, is the accumulation of his years of research, both personal and collected, on all things Lutyens. In 2018 Claire Hill and Rebecca Lilley sorted the archive by County, with the aim of making it more accessible to research students and professionals. In 2019 a grant of $2,800 (£2,162) was received to further improve the accessibility of the archive by creating property files within each county and indexing his many photographs. Three Volunteer Archivists were appointed 3[rd] March 2021. Starting in May 2021they will collaboratively catalogue the Hanson Archive.

The activities referred to in the preceding sections, and other facets of the Trust’s work are all designed for the public benefit, through enhancing the knowledge and understanding of the work of this great architect and protecting it for future generations.

For all of this work, the Trustees and committee members give their services for no personal gain. In addition, in his capacity as the Trust’s General Counsel, Ludovic de Walden (and subsequently Rudy Capildeo) arranges for Charles Russell Speechlys LLP, the law firm in which he is a partner, to provide its services on a pro bono basis.

Membership

During the year the Trust gained 44 new memberships (of which 2 were complimentary), comprising 26 single, 14 joint (28 people), 1 corporate and 4 under-30 members.

In the same period, there were 50 discontinued memberships (25 single, 23 joint, and 2 honorary) due to resignations, deaths, and loss of contact, giving a net decrease of 6. Age and distance from planned events were the most frequent reason given by those resigning.

At the time of writing the total subscription of membership was 605 members (215 single, 5 under30, 172 joint (344 people), 11 SPAB Scholars, 8 corporate and 22 members who were exempt from payment of a subscription (Trust patrons, three paid-for-life members, head gardeners at Lutyens properties, and others to whom the Trustees had awarded honorary memberships).

6

THE LUTYENS TRUST

Report of the Trustees For The Year Ended 31 March 2021

Events Committee

Due to Covid-19 all physical events were cancelled for the year 2020-21. Online webinars (with Lutyens Trust America) were organised throughout the year:

The online webinars are free and open to all. All webinars are available to watch on YouTube or on the Trust’s website.

The Events Committee organised the ‘Lutyens and the Edwardians Lecture Series’, which was hosted online and began in February 2021. Lectures included:

All lectures have been made available to the public on the Trust’s website

7

THE LUTYENS TRUST

Report of the Trustees For The Year Ended 31 March 2021

A future series is planned for later in 2021 which will focus on Memorials and will culminate in the LTA’s Webinar on the Cenotaph.

Goddards Study Week

The annual Goddards Study Week was cancelled in 2020 due to Covid-10 restrictions.

Photographic Archive

The Trust continued to receive a number of requests for image rights from commercial, educational and charitable organisations.

Anyone seeking permission to use any of the images included in these exhibitions or on our website should contact us via our website www.lutyenstrust.org.uk.

How the Archive was used during the year and the work done by our volunteers

During the year, the Archive was used in the following ways:

The Photographic Archive, which now contains some 29,000 images, is maintained by the Trust Manager and volunteers. During the year they continued work on cataloguing the collection, handling new accessions, high-quality scanning and digitally restoring prints, curating the Trust’s second online exhibition and carrying out various administrative tasks including those relating to documentation and copyright matters.

Casework

The Trust’s Architectural Adviser, working with the trustees and members, consulted on architecture and planning issues relating to the following buildings during the year.

16 Stafford Place SW1 (1937) Alterations for Lord Hore-Belisha

A re-listing of the 1937 interior conversion of this 1750’s house and a listing of the Lutyens garden needs to be progressed. The present owner indicated that she would work on this, but it is not registered with H.E. as an application for re-listing at the moment as the tenant has changed. This is

8

THE LUTYENS TRUST

Report of the Trustees For The Year Ended 31 March 2021

likely to be the work of Robert Lutyens who built himself a house in Catherine Place where the gardens backs onto Stafford Place gardens.

Busbridge, St John the Baptist Parish churchyard

The re-instatement of the natural hedge which formed the setting of the two Lutyens memorials which was removed in contrary to the Planning Consent dated in 2017 is (we hear) in progress. The 1930’s pews have not yet been removed. The Faculty allows this. The Church originally had Beech chairs with rush seats. One of the memorials has been removed for safe keeping/repair.

Farnham Liberal Club (1895)

This is a building ‘at risk’ which needs a visit and comment. The LT advised about specialists for a notice replacement.

St Jude on the Hill, Hampstead Garden Suburb (1908 onwards)

The Parish submitted an HLF Round 1 bid which was turned down. There is some urgency in repairing the effects of settlement of the tower and spire. The church is a ‘Building at risk’ on the H.E. Register. The LT await news of further Parish plans.

Grange Court, Chigwell (1905)

The Lutyens alterations to this seventeenth-century house altered for the Baring family are not mentioned in the H.E. Listing. Work is in progress to correct the entry with Historic England.

St Bartholomew’s Parish Church Hall, Otford, Kent (1910)

This hall was designed for Lutyens’ brother, Rev. William E. Lutyens. It was refused for listing and LT appealed. H.E. have written that it is not to be pursued for listing at present. Parish halls are increasingly the targets for parishes and developers needing revenue, but it is very unlikely the hall will be demolished according to local hearsay.

Hazlehatch, Surrey (1897)

This house, built for The Hon. Emily Lawless, a Victorian novelist and naturalist, and her partner. The late Michael Edwards did a redesign in 2018 which did not progress.

1 and 2, Hitchwood Lane, Preston, Herts (1910)

This is a pair of cottages built for the Temple Dinsley estate. The proposal is to unite the semidetached cottages, removing the staircases and central fireplaces and other features. LT objected to this. The Conservation Officer has made a strong argument for refusal backed up by an LT letter. The applicant contacted local councillors and the application was consented by a subverted planning committee.

Stockbridge War Memorial (1921)

The cross which is very tall (3.8m) and on a thin base had started to lean. Under the guidance of the War Memorials Trust and the Test Valley District Council Conservation Officer it was moved to a mason’s yard in Winchester. Its repair missed the 100-year Commemoration, and a rather clumsy wooden cross was installed on the base for the celebration.

Tilford Nursery Site (next door to Tilford Institute/Cricket pavilion (1893)

This land was a nursery garden and is now proposed for a group of new houses. LT objected on the

9

THE LUTYENS TRUST

Report of the Trustees For The Year Ended 31 March 2021

grounds that the design was unsympathetic to the setting of the grade II-listed Institute building and the village. This is a long running case with several refusals including this one. LT objected.

Orchard Farm Site near Tigbourne Court (1899)

A new application (No 3) for fewer houses (but almost as objectionable as the previous one rejected on appeal last year) has been made. LT member Mrs Walker (the owner) and her son Godric have mounted a vagarous under the new Planning Act local campaign against this application. The appeal by the landowner was rejected on grounds related to the AONB. The impact on the grade I-listed house, was not considered by the Inspector to be a factor in dismissing the appeal.

Chinthurst Hill, Surrey

Neighbours at Chinthurst Ridge applied to change the use of land adjoining the Chinthirst Hill garden. This was a retrospective application, the Applicants having already felled an area of trees crucial to the structure of woodland around the listed garden. Guildford Council have approved the application, but Waverley Council have delayed comment because of a powerful letter from the owner’s consultant planner pointing out policy breaches in the application. The problem here is defining precisely how the tree cover is to be restored. The results of a site visit by Waverley planners with D and M Planners is awaited.

Domaine de Ranquin, France

A house designed in 1913-14 for the Mallett f amily. A remarkable change of style from Les Bois de Moutiers. Rediscovered by Michael Barker and now to be restored by the new owners.

The Pleasaunce (1897)

The gate leading from the house to the beach (on the house side) is in a bad state of repair. A visit is needed.

India

The government’s sudden proposal to redevelop Central Vista in New Delhi was challenged legally by several Petitioners. These cases were heard by the Supreme Court of India, who dismissed them on January 5, 2021. The Petitioners however believed that there were prima facie errors and inadequacies in the government’s response to their Petitions on which the Supreme Court had relied to arrive at their decision, so they filed Appeals against it. But even these have now been dismissed. The project therefore now faces no legal impediments.

But even as the project is being speedily implemented by the government, there is a lively and passionate campaign against it in the social media. The interlocutors, both local and international, are from diverse backgrounds, and include well-regarded museologists, archivists, historians, social scientists, academics, environmentalists and artists, besides a growing number of concerned citizens. They have broadened and deepened the objections to the project beyond the earlier focus on heritage, urban design and landscape issues, by foregrounding serious environmental problems and the fate of the valuable archives and artefacts of civilizational legacy, which will have to be temporarily stored elsewhere before relocating to new sites. Thus, even as the project is being implemented with manic urgency by the government, opposition to it is growing among the public and experts from various disciplines.

10

THE LUTYENS TRUST

Report of the Trustees For The Year Ended 31 March 2021

The government, however, continues to deal with objections in an opaque and high-handed manner. Currently construction of the new Parliament building, and the refurbishment of the central open areas are in progress behind visual and security barricades. Authentic information on what is proposed to be implemented is not easily available. Their over-all strategy remains to present the public with a fait accompli .

The tragedy of the redevelopment of Central Vista is therefore inexorably unfolding. Ironically, however, this is also enhancing awareness and appreciation among the public of the contributions of Edwin Lutyens to New Delhi.

The conservation work of Rashtrapati Bhavan is proceeding as planned. Its progress has been considerably delayed on account of the Pandemic, but it is now back in focus. A matter of concern, however, is the proposal to construct an Abortorium in the open area between the Rashtrapati Bhavan and the Ridge, which was not part of the original conservation scheme. No information about the project is available because it is being developed behind a veil of secrecy as part of the Central Vista Redevelopment project.

Newsletter

Three newsletters were issued in 2020-21. Articles during the year included:

Book Reviews included:

11

THE LUTYENS TRUST

Report of the Trustees For The Year Ended 31 March 2021

Donations

The Trustees wish to express their thanks to all donors who kindly made donations during the year. These donations are invaluable in enabling the Trust to thrive and continue its work.

Trustees’ Responsibilities

Charity law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Trust and of the financial activities for that period and adequately distinguish any material special trust or other restricted funds. In preparing those accounts, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the accounts comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made under Section 44 of the Charities Act 2011 as amended. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

………………………………..

Dr Amy Boyington, Trust Manager Date: 16/12/2021

12

The Lutyens Trust Independent EA4ffjiu¢r's Reporl to the Trllstees For The Year Ended 31 March 2021 This report on th¢ ￿cOuntS of The Lutyens TNst for the year ended 31 March 2021, which 1$ set out on pages 15 to 20, is in respect of an examination carried out under Section145 of the Charitie5 Act 201 l as 3m¢nd¢d. Res ctive Res ODsibilities of Trustees xDd 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 undcr s¢ction 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to- examine the accounts under section 145 of the Charitics A¢L to follow the procedures laid down in the genernl Directions given by the Charity Commission (under section 145{5)(b) of the Charities ACL and to state whether particular rnatt¢rs have Come to my attention. Basis of lllde endent Ex#miller's Re ort My examination was carried out in accordan¢¢ with general Directions given by the Charity Commission. An examination includes a review of th¢ accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual iterns or disclosures in the a¢eounts, and seeking explanations from the trustees concerning any such matters. Th¢ proc¢dures undertaken do not provide all the evidence that would be required in an audit. and conscquently no opinion is given as to whether the accounts present a 'tTue and fair, view and the report is limited to those matters set out in the statement below. IDde endent Examfftner's Statement In connection with rny ¢xamination. no matter has come to rny attention- (l) which gives me any reasonable cause to b¢li¢ve that in any material respect the requiTemenls to keep accounting records in accordance Seclion 130 of the Act. and to prepare accounts which accord with the accounting records and to comply with the requirements of th¢ Afjt. have not b¢¢n me¢ or (2) to which, in my opinion. attention should b¢ drnwn in order to enabl¢ a pmper understanding of the accounts to be reached. E D Shaw FCCA 12 Acom Busine55 Park Northarbour Road Portsmouth Hants P06 3TH IE)LZ Page 13

The Lutyens Trust Statement of Financial Activities For The Year Ended 31 March 2021

2021 2020
Unrestricted Restricted Unrestricted Restricted
Notes Funds Funds Funds Funds

£
£ £ £
Incoming Resources
Subscriptions 20,651 - 13,634 -
Donations (10) 15,455 - 2,019 -
Membership Events (11) 2,211 - 72,462 -
Goldman Sachs (10) - 3,782 - 2,162
Image and Introductory Fees 247 - 389 -
Return of Chairs (10,000) - - -
Miscellaneous Income (3) - - -
Interest Received 29 - 53 -
Goddards: Book Sales 9 - 593 -
--------- --------- ---------- ---------
Total Incoming Resources 28,599 3,782 89,150 2,162
--------- --------- ---------- ---------
Resources Expended
General:
Architectural Advisor Casework - 57 53 -
Chairman PA Remuneration 9,954 - 17,301 -
Trust Manager Remuneration 6,330 - - -
Membership Events (12) 1,419 - 63,700 -
Printing, Stationery and Postage 1,304 - 3,063 -
Accountancy 1,320 - 1,470 -
Sundry Expenses (13) 1,153 - 1,772 -
Membership Sec Remuneration 633 - 3,800 -
Gazetteer Project - 3,965 - 42
Archive Project 1,840 1,071 1,587 103
Newsletter services 3,932 - 3,938 -
Expenses re: Sale of Chairs - 540 -
Paypal and Bank Charges 190 - 441 -
Depreciation of laptop - - 289 24
--------- -------- ---------- --------
28,075 5,093 97,954 169
--------- –------ –-------- --------
Goddards:
Insurance 139 - - -
Telephone and Broadband 356 - 452 -
Cost of Books Sold 4 - 158 -
Sundry Expenses 41 - 200 -
Library Renovation Expenses - - 430 262
------- ------- ------- -------
540 - 1,240 262
------- ------- ------- -------
Total Resources Expended 28,615 5,093 99,194 431
--------- --------- ---------- ---------
Net Incoming/(Outgoing)
Resources For The Year (16) (1,311) (10,044) 1,731
Balance Brought Forward at
1 April 2020 61,159 15,694 71,203 13,963
---------- ---------- ---------- ----------
Balance Carried Forward at
31 March 2021 £61,143 £14,383 £61,159 £15,694
====== ====== ====== ======

Page 14

The Lutyens Trust Balance Sheet as at 31 March 2021

Notes 2021 2020
£ £ £ £
Tangible Fixed Assets (3) 41,494 41,494
Current Assets
Stock (4) 437 10,440
Debtors (5) 13,752 5,139
Cash At Bank and In Hand (6) 28,095 25,322
-------- --------
42,284 40,901
Creditors
Amounts Falling Due Within One Year (7) (5,552) (2,842)
-------- ---------
Net Current Assets 36,732 38,059
---------- ----------
Total Assets Less Current Liabilities 78,226 79,553
====== ======
Represented By:
Unrestricted Funds
Revaluation Reserve 2,700 2,700
Profit and Loss Account (Unrestricted Funds) 61,143 61,159
Profit and Loss Account (Restricted Funds)
- Monument Trust Grant 12,221 13,532
- Goldman Sachs Restricted Grant #2 2,162 2,162
---------- ---------
78,226 79,553
====== ======

Signed on Behalf of the Trustees:

……………………………………….

Clive Aslet - Chairman

Approved by the Trustees on 10th November 2021

Page 15

The Lutyens Trust

Notes to the Accounts For The Year Ended 31 March 2021

1. Accounting Policies

Basis of Accounting

The accounts are prepared under the historical cost convention and are in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting and Reporting by Charities and the Charities Act 2011. The principal accounting policies have remained unchanged from the previous year.

Income

Income is dealt with on a cash received basis.

Depreciation

Photographic equipment – straight line at 33[1] /3 % Computer equipment – straight line at 33[1] /3 % Furniture and equipemt – 0% Lutyens Clock/Letterbox – 0%

Depreciation has not been provided in respect of furniture and equipment in the library at Goddards nor in respect of the Lutyens Clock/Letterbox. These assets are shown at valuation.

Stocks

Stocks are valued at the lower of cost and net realisable value.

2. Freehold Property

The property known as Goddards, Abinger Common, Surrey was donated to the Trust in 1991. It was valued at £750,000 in 1990.

The property has not been capitalised because it is considered to be a Heritage asset central to the objects of the Trust.

On 19 April 1996 the property was leased to The Landmark Trust for a duration of 99 years, consideration for the lease being that The Landmark Trust maintains the property. This asset is excluded from the Balance Sheet because the Trustees are of the opinion that significant costs would be involved in the reconstruction and analysis of past accounting records and in valuation which are onerous compared with the additional benefit derived by users of the accounts in assessing the Trustees’ stewardship of the assets (SORP {revised 2005} Chapter A3 paragraph 283b). The Trustees, following a review, also consider the Lutyens Clock/Letterbox to be a heritage asset.

Page 16

The Lutyens Trust

Notes To The Accounts For The Year Ended 31 March 2021 (continued)

3. Fixed Assets
Lutyens Furniture Photographic
Clock / and Equipment/
Letterbox Equipment Laptop/
Scanner
£ £ £
Cost and Valuation
Valuation at 1 April 2020 25,000 16,494 -
Cost at 1 April 2020 - - 6,654
Additions at Cost - - -
Revaluations
- - -
-------- -------- -------
Valuation at 31 March 2021 25,000 16,494 -
Cost at 31 March 2021 - - 6,654
------- -------- -------
Depreciation
At 1 April 2020 - - 6,654
Provided For In Year - - -
-------- -------- -------
At 31 March 2021 - - 6,654
-------- -------- -------
Net Book Value at 31 March 2021 25,000 16,494 0
-------- -------- -------
Net Book Value at 31 March 2020 25,000 16,494 0
-------- -------- -------

The furniture and equipment in the library at Goddards is valued at £16,494 by the Trustees. The Lutyens clock/letterbox is valued by the Trustees and any reduction in value is shown as extraordinary expenditure in the year under review. In the opinion of the Trustees these values reflect the current market value.

4. Stock

4. Stock
2021 2020
Books for Resale 437 440
Chairs for Resale - 10,000
-------- -------
£437 £10,440
===== ====
5. Debtors
Other Debtors £13,752 £5,139
------- --------

Page 17

The Lutyens Trust

Notes To The Accounts For The Year Ended 31 March 2021 (continued)

2021
2020
6. Cash At Bank and In Hand
Current Account 11,039 10,050
Business Premium Account 10,949 10,944
National Savings Bank 3,335 3,311
Cash 2,772 1,017
-------- --------
£28,095 £25,322
===== =====
7. Creditors
Amounts Falling Due Within One Year: Accruals £5,552 £2,842
===== =====

8. Charitable Status

The Trust is a registered charity number 326776.

9. Trustees

During the year the Trustees received no remuneration but received payment only for reimbursement of out of pocket expenses amounting to £2,382 (2020: £9,273).

10. Donations Received

Individual Donations 4,955
Big Give Campaign Donations 10,500
Goldman Sachs (restricted grant #3) 3,782
--------
£19,237
=====
11. Membership Events Receipts
Lecture Series and Christmas Raffle 2,211
---------
£2,211
=====

Page 18

The Lutyens Trust

Notes To The Accounts For The Year Ended 31 March 2021 (continued)

12. Membership Events Expenses
Events Expenses (India) 1,720
Events Insurance (301)
--------
£1,419
=====
13. Sundries
Membership Sec Expenses 153
Chairman PA Expenses 284
Treasurer Expenses 146
Maintenance of Website 427
Miscellaneous Expenses 143
-------
£1,153
====

Page 19