IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.1.23 31.12.23 31.12.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2818272022-12-31SC2818272023-12-31SC2818272023-01-012023-12-31SC2818272021-12-31SC2818272022-01-012022-12-31SC2818272022-12-31SC281827ns0:CharitableCompanyLimitedByGuarantee2023-01-012023-12-31SC281827ns15:PoundSterling2023-01-012023-12-31SC281827ns11:FRS1022023-01-012023-12-31SC281827ns11:IndependentExaminationCharity2023-01-012023-12-31SC281827ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC281827ns11:FullAccounts2023-01-012023-12-31SC281827ns11:CharitiesSORP2023-01-012023-12-31SC281827ns16:EnglandWales2023-01-012023-12-31SC281827ns11:RegisteredOffice2023-01-012023-12-31SC281827ns0:Trustee32023-01-012023-12-31SC281827ns0:Trustee42023-01-012023-12-31SC281827ns0:Trustee22023-01-012023-12-31SC281827ns0:Trustee52023-01-012023-12-31SC281827ns0:Trustee12023-01-012023-12-31SC281827ns0:Trustee62023-01-012023-12-31SC281827ns0:Trustee72023-01-012023-12-31SC281827ns0:Trustee82023-01-012023-12-31SC281827ns0:Trustee92023-01-012023-12-31SC281827ns0:Trustee102023-01-012023-12-31SC281827ns0:TotalUnrestrictedFunds2023-01-012023-12-31SC281827ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC281827ns0:Activity82023-01-012023-12-31SC281827ns0:Activity8ns0:TotalUnrestrictedFunds2023-01-012023-12-31SC281827ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC281827ns0:Activity82022-01-012022-12-31SC281827ns0:Activity92023-01-012023-12-31SC281827ns0:TotalUnrestrictedFundsns0:Activity92023-01-012023-12-31SC281827ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC281827ns0:Activity92022-01-012022-12-31SC281827ns0:TotalUnrestrictedFunds2022-12-31SC281827ns0:TotalRestrictedIncomeFunds2022-12-31SC281827ns0:TotalUnrestrictedFunds2023-12-31SC281827ns0:TotalRestrictedIncomeFunds2023-12-31SC281827ns10:WithinOneYear2023-12-31SC281827ns10:WithinOneYear2022-12-31SC28182722023-01-012023-12-31SC28182732023-01-012023-12-31SC28182712023-01-012023-12-31SC28182712022-01-012022-12-31SC281827132023-01-012023-12-31SC281827132022-01-012022-12-31SC281827ns10:OwnedAssets2023-01-012023-12-31SC281827ns10:OwnedAssets2022-01-012022-12-31SC281827ns0:TotalUnrestrictedFunds2022-01-012022-12-31SC281827ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC281827ns0:Activity8ns0:TotalUnrestrictedFunds2022-01-012022-12-31SC281827ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC281827ns0:TotalUnrestrictedFundsns0:Activity92022-01-012022-12-31SC281827ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC281827ns10:LandBuildingsns10:ShortLeaseholdAssets2022-12-31SC281827ns10:PlantMachinery2022-12-31SC281827ns10:LandBuildingsns10:ShortLeaseholdAssets2023-01-012023-12-31SC281827ns10:PlantMachinery2023-01-012023-12-31SC281827ns10:LandBuildingsns10:ShortLeaseholdAssets2023-12-31SC281827ns10:PlantMachinery2023-12-31SC281827ns10:LandBuildingsns10:ShortLeaseholdAssets2022-12-31SC281827ns10:PlantMachinery2022-12-31
REGISTERED COMPANY NUMBER: SC281827 (Scotland)
REGISTERED CHARITY NUMBER: SC036484














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

THE BUCCLEUCH CENTRE

THE BUCCLEUCH CENTRE






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 18

THE BUCCLEUCH CENTRE (REGISTERED NUMBER: SC281827)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2023. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objectives of the company are:

- To develop the Buccleuch Centre as a multi-purpose civic amenity which provides high quality facilities for artistic, social, community and educational purposes;
- To improve the quality of life in Langholm through attending or participating in arts events;
- To organise an all-year-round programme of performances, events, workshops, films, talks, seminars, etc. by local and national companies;
- To encourage the youth of the Langholm area to make use of the facilities, organise and take part in classes and workshops and attend events targeted at them as an audience.

Volunteers
During normal trading the Centre operates with 5 part-time members of staff and a pool of bar staff who work as required but the vast majority of activities are supported or undertaken by volunteers.

The total number of volunteers stands at around 50. Activities undertaken by volunteers includes duty management, manning the ticket office, performing front of house duties at shows, table setting in restaurant and assisting in the coffee shop as well as being actively involved in the maintenance and enhancement of the centre. Without these volunteers the centre would be unable to operate successfully.

ACHIEVEMENT AND PERFORMANCE
The charity was formally set up in 2005 and brought together individuals and groups with an interest in the well being of the Langholm community. Together they raised over £1,500,000 to create the Buccleuch Centre as a multi-purpose civic amenity.

The Centre opened in February 2007 and has held live music and arts events on a regular basis since then. The Centre has also been used for weddings, dinners, dances, cinema screenings, elections, meetings, training seminars and other events which are at the heart of community life in Langholm.

Events are promoted by way of brochures as well as advertisement of planned events on the charity's website, via social media and through regular email communications to our user database. The Centre's facilities and activities continue to impress our visitors and far exceed the expectations of this type of facility in a community the size of Langholm.

FINANCIAL REVIEW
Financial position
During the year, income of £222,000 was received. Expenditure totalled £333,100, which includes a depreciation charge of £73,364. Total reserves at 31st December 2023 stood at £526,481 of which £178,245 relates to unrestricted funds and £348,236 restricted funds.


THE BUCCLEUCH CENTRE (REGISTERED NUMBER: SC281827)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023


FINANCIAL REVIEW
Reserves policy
The trustees have targeted cash reserves to be in the range of £75,000 and £100,000 at any one time as the cash position will fluctuate during the year. The cash balance is comprised of:

- Monies received in advance of performances
- Monies held from Supporters contributions where expenditure is agreed between Supporters and Trustees. This expenditure is generally of a capital nature.
- General cash retained.

The cash reserves should allow the Centre to continue operating for a minimum of 6 months in the event of the current income streams all ceasing and not being replaced.

At present, it is strongly acknowledged the free level of unrestricted reserves falls short of the target amount set by the trustees. The policy remains to strengthen unrestricted reserves where possible although this is impacted by the economic environment at the time.

FUTURE PLANS
The trustees continue to consider how the Centre will operate in future as the impact of rising costs continue to hold. The trustees continue to source core operational funding to support its running costs.

In addition, ongoing and future plans to sustain and expand the centre's operations include:
- Increase the usage of the Centre as a venue for conferences and meetings
- Increased use of the North foyer for smaller events
- Improve the use of the Centre by young people and children
- Continue to improve footfall and income from cafe
- Identifying best usage of social media to promote all aspects of the Centre's activities
- Incentivise the management team to focus on the key areas of operation that will protect the long term future of the Centre.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
Trustees are normally appointed after having served at least a year as a volunteer for the charity so they know more about the organisation and procedures.

Organisational structure
The board of Trustees is comprised of a mixture of individuals who have been involved in the operation of the centre for many years, retired professionals who have an active involvement in the day-to-day operations of the centre and other working professionals who bring strong experience in areas such as Corporate Governance, Finance and Health & Safety. As a result of this mix of skills and experience we have a broad and strong board of Trustees.

The board of trustees meet around every 8 weeks with a member of the management team usually in attendance. In light of the ongoing financial situation, the Board have also re-established the Finance subgroup to have a closer financial oversight and reporting.


THE BUCCLEUCH CENTRE (REGISTERED NUMBER: SC281827)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC281827 (Scotland)

Registered Charity number
SC036484

Registered office
The Buccleuch Centre
Langholm
DG13 0AW

Trustees
Mrs A Bannatyne
Ms B I Morrison (resigned 5.4.23)
W S Young
Ms J Carruthers
G G N Cavers
Mrs J Little
Mrs J Ireland
J Fletcher
Mrs D Burnet
Ms T M Little (appointed 14.8.23)

Independent Examiner
JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL

Solicitors
Turcan Connell
Princes Exchange
1 Earl Grey Street
Edinburgh
EH3 9EE

Bankers
Royal Bank of Scotland
151 High Street
Dumfries
DG1 2RA

Approved by order of the board of trustees on 20th September 2024 and signed on its behalf by:



G G N Cavers - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE BUCCLEUCH CENTRE

I report on the accounts for the year ended 31st December 2023 set out on pages five to eighteen.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with 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 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

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.








Joanne Gibson
The Institute of Chartered Accountants of Scotland

JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL

20th September 2024

THE BUCCLEUCH CENTRE

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31ST DECEMBER 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 19,762 18,254 38,016 45,692

Charitable activities 5
Operation of theatre and venue 113,506 - 113,506 91,890

Other trading activities 3 70,192 - 70,192 57,661
Investment income 4 286 - 286 102
Total 203,746 18,254 222,000 195,345

EXPENDITURE ON
Raising funds
Raising donations and legacies 6 2,125 - 2,125 2,125
Other trading activities 7 53,908 396 54,304 38,417
56,033 396 56,429 40,542

Charitable activities 8
Operation of theatre and venue 192,580 84,091 276,671 229,657
Total 248,613 84,487 333,100 270,199

NET INCOME/(EXPENDITURE) (44,867 ) (66,233 ) (111,100 ) (74,854 )


RECONCILIATION OF FUNDS
Total funds brought forward 223,112 414,469 637,581 712,435

TOTAL FUNDS CARRIED FORWARD 178,245 348,236 526,481 637,581

THE BUCCLEUCH CENTRE (REGISTERED NUMBER: SC281827)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 14 482,802 551,459

CURRENT ASSETS
Stocks 15 4,018 4,293
Debtors 16 696 2,575
Cash at bank and in hand 48,963 90,967
53,677 97,835

CREDITORS
Amounts falling due within one year 17 (9,998 ) (11,713 )

NET CURRENT ASSETS 43,679 86,122

TOTAL ASSETS LESS CURRENT
LIABILITIES

526,481

637,581

NET ASSETS 526,481 637,581
FUNDS 19
Unrestricted funds 178,245 223,112
Restricted funds 348,236 414,469
TOTAL FUNDS 526,481 637,581

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


THE BUCCLEUCH CENTRE (REGISTERED NUMBER: SC281827)

BALANCE SHEET - continued
31ST DECEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 20th September 2024 and were signed on its behalf by:





G G N Cavers - Trustee





W S Young - Trustee

THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern assessment
The trustees have considered the current financial situation and continue to monitor closely. The trustees are satisfied that the Centre has a plan for growth, sufficient support from third parties and cash reserves to meet all financial obligations for the foreseeable future. The accounts have therefore been based on the going concern basis.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations and legacies
Donations are recognised when they are received and when any conditions attached thereto have been fulfilled.

Grants receivable
Income from government and other grants, whether 'capital' or 'revenue' grants, is 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.

Charitable Activities
Ticket sales are recognised when the performance has taken place. Income received in advance of a theatrical performance or provision of other specified service is deferred until the criteria for income recognition are met.

Investment income
Interest receivable 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.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.


THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Allocation and apportionment of costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities The charity identify the costs which relate to its support functions and then identify those which relate to the governance function. Having identified its governance costs, the remaining support costs together with governance are apportioned to the key charitable activities undertaken in the year.

Depreciation
Depreciation is calculated so as to write off the cost of the fixed assets less estimated residual value over their estimated useful life, commencing when the asset is brought into use.

Tenants Improvements -over period of lease
Equipment, etc. - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over them, 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 general volunteer time is not recognised. More information on volunteers contribution to the charity is detailed in the Report of the Trustees.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain the services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Statement of Financial Activities.

THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Financial assets
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations and grants 38,016 45,692

3. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Bar takings 34,583 26,526
Cafe takings 33,750 27,188
Other income 1,859 3,947
70,192 57,661

4. INVESTMENT INCOME
2023 2022
£    £   
Investment income 286 102


THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £    £   
Ticket sales Operation of theatre and venue 81,182 65,814
Room hire Operation of theatre and venue 32,324 26,076
113,506 91,890

6. RAISING DONATIONS AND LEGACIES
2023 2022
£    £   
Staff costs 2,125 2,125

7. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Purchases 19,537 12,303
Staff costs 23,566 18,020
Bar & cafe expenses 11,201 8,094
54,304 38,417

8. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 9) Totals
£    £    £   
Operation of theatre and venue 244,106 32,565 276,671

9. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Operation of theatre and venue 22,315 10,250 32,565

THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Accountancy Fee 10,250 8,300
Depreciation - owned assets 73,364 74,076

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022.


12. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
Average Number of Employees 13 11

No employees received emoluments in excess of £60,000.

The key management personnel of the charitable company comprise the trustees, the general manager and the programming manager. None of the trustees were remunerated for their duties as trustees during the year. The total employee benefits of the key management personnel of the charitable company during the year were £44,630 (2022, £40,962).


THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 35,192 10,500 45,692

Charitable activities
Operation of theatre and venue 91,890 - 91,890

Other trading activities 57,661 - 57,661
Investment income 102 - 102
Total 184,845 10,500 195,345

EXPENDITURE ON
Raising funds
Raising donations and legacies 2,125 - 2,125
Other trading activities 38,417 - 38,417
40,542 - 40,542

Charitable activities
Operation of theatre and venue 152,166 77,491 229,657
Total 192,708 77,491 270,199

NET INCOME/(EXPENDITURE) (7,863 ) (66,991 ) (74,854 )


RECONCILIATION OF FUNDS
Total funds brought forward 230,975 481,460 712,435

TOTAL FUNDS CARRIED
FORWARD

223,112

414,469

637,581


THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

14. TANGIBLE FIXED ASSETS
Tenants Equipment,
improvements etc. Totals
£    £    £   
COST
At 1st January 2023 1,525,254 362,153 1,887,407
Additions - 4,707 4,707
At 31st December 2023 1,525,254 366,860 1,892,114
DEPRECIATION
At 1st January 2023 994,196 341,752 1,335,948
Charge for year 65,994 7,370 73,364
At 31st December 2023 1,060,190 349,122 1,409,312
NET BOOK VALUE
At 31st December 2023 465,064 17,738 482,802
At 31st December 2022 531,058 20,401 551,459

15. STOCKS
2023 2022
£    £   
Stocks 4,018 4,293

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 375 877
Other debtors 321 1,698
696 2,575


THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 846 731
VAT 1,854 3,085
Other creditors 3,115 2,166
Ticket sales received in advance 4,183 5,731
9,998 11,713

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
£    £    £    £   
Fixed assets 162,560 320,242 482,802 551,459
Current assets 25,684 27,993 53,677 97,835
Current liabilities (9,999 ) 1 (9,998 ) (11,713 )
178,245 348,236 526,481 637,581

19. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 223,112 (44,867 ) 178,245

Restricted funds
Buccleuch Centre Improvements 265,705 (58,556 ) 207,149
The Studio 115,849 (7,278 ) 108,571
Sounds Brighter Project 15,269 (2,192 ) 13,077
Community Regeneration Fund 2 9,736 (1,324 ) 8,412
Sound & Technical Upgrade 3,980 (1,219 ) 2,761
Outdoor area development 1,430 (1,430 ) -
The Holywood Trust 2,500 (2,000 ) 500
Crossdykes Community Benefits Ltd - 4,961 4,961
BGS Cayzer Charitable Trust - 2,805 2,805
414,469 (66,233 ) 348,236
TOTAL FUNDS 637,581 (111,100 ) 526,481

THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

19. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 203,746 (248,613 ) (44,867 )

Restricted funds
Buccleuch Centre Improvements - (58,556 ) (58,556 )
The Studio - (7,278 ) (7,278 )
Sounds Brighter Project - (2,192 ) (2,192 )
Community Regeneration Fund 2 - (1,324 ) (1,324 )
Sound & Technical Upgrade - (1,219 ) (1,219 )
Outdoor area development - (1,430 ) (1,430 )
The Holywood Trust 7,500 (9,500 ) (2,000 )
Crossdykes Community Benefits Ltd 7,154 (2,193 ) 4,961
BGS Cayzer Charitable Trust 3,600 (795 ) 2,805
18,254 (84,487 ) (66,233 )
TOTAL FUNDS 222,000 (333,100 ) (111,100 )


Comparatives for movement in funds

Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.22
£    £    £    £   
Unrestricted funds
General fund 230,975 (7,863 ) - 223,112

Restricted funds
Buccleuch Centre Improvements 324,263 (58,557 ) - 265,706
The Studio 123,127 (7,278 ) - 115,849
Theatre Lighting Project 500 - (500 ) -
Sounds Brighter Project 17,461 (2,192 ) - 15,269
Community Regeneration Fund 2 11,588 (1,852 ) - 9,736
DECBG Funding 4,521 (4,521 ) - -
Sound & Technical Upgrade - 3,480 500 3,980
Outdoor area development - 1,429 - 1,429
The Holywood Trust - 2,500 - 2,500
481,460 (66,991 ) - 414,469
TOTAL FUNDS 712,435 (74,854 ) - 637,581

THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 184,845 (192,708 ) (7,863 )

Restricted funds
Buccleuch Centre Improvements - (58,557 ) (58,557 )
The Studio - (7,278 ) (7,278 )
Sounds Brighter Project - (2,192 ) (2,192 )
Community Regeneration Fund 2 - (1,852 ) (1,852 )
DECBG Funding - (4,521 ) (4,521 )
Sound & Technical Upgrade 5,000 (1,520 ) 3,480
Outdoor area development 3,000 (1,571 ) 1,429
The Holywood Trust 2,500 - 2,500
10,500 (77,491 ) (66,991 )
TOTAL FUNDS 195,345 (270,199 ) (74,854 )

Buccleuch Centre Improvements, The Studio and Sounds Brighter Project funds all relate to grants received in respect of capital projects.

Community Regeneration Fund 2 - to support various centre costs following post COVID lockdown period.

DECBG - awarded to support marketing and distribution costs.

Sound and Technical Upgrade - relates to the supply and installation of new audio equipment.

Outdoor area development - improvements to the outdoor space at the centre.

The Holywood Trust - awarded to support marketing budget and employment of a marketing co-ordinator.

Crossdykes Community Benefits Ltd - awarded to purchase new equipment for the centre.

BGS Cayzer Charitable Trust - awarded towards the cost of installation of new CCTV system.


THE BUCCLEUCH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

20. OTHER FINANCIAL COMMITMENTS

The company entered into a 25 year lease for The Buccleuch Centre at Buccleuch Place, Langholm with Dumfries & Galloway Council which commenced March 2005.

The company entered into a 25 year lease for the Studio at Maxwell Place, Langholm with Eskvale Properties Limited which commenced March 2013.

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2023.