IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.2.23 31.1.24 31.1.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1643822023-01-31SC1643822024-01-31SC1643822023-02-012024-01-31SC1643822022-01-31SC1643822022-02-012023-01-31SC1643822023-01-31SC164382ns0:CharitableCompanyLimitedByGuarantee2023-02-012024-01-31SC164382ns15:PoundSterling2023-02-012024-01-31SC164382ns11:FRS1022023-02-012024-01-31SC164382ns11:IndependentExaminationCharity2023-02-012024-01-31SC164382ns11:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC164382ns11:FullAccounts2023-02-012024-01-31SC164382ns11:CharitiesSORP2023-02-012024-01-31SC164382ns16:EnglandWales2023-02-012024-01-31SC164382ns11:RegisteredOffice2023-02-012024-01-31SC164382ns0:Trustee12023-02-012024-01-31SC164382ns0:Trustee22023-02-012024-01-31SC164382ns0:Trustee32023-02-012024-01-31SC164382ns0:Trustee42023-02-012024-01-31SC164382ns0:Trustee52023-02-012024-01-31SC164382ns0:Trustee62023-02-012024-01-31SC164382ns0:Trustee72023-02-012024-01-31SC164382ns0:Trustee82023-02-012024-01-31SC164382ns0:TotalUnrestrictedFunds2023-02-012024-01-31SC164382ns0:TotalRestrictedIncomeFunds2023-02-012024-01-31SC164382ns0:Activity82023-02-012024-01-31SC164382ns0:TotalUnrestrictedFundsns0:Activity82023-02-012024-01-31SC164382ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-02-012024-01-31SC164382ns0:Activity82022-02-012023-01-31SC164382ns0:TotalUnrestrictedFunds2023-01-31SC164382ns0:TotalRestrictedIncomeFunds2023-01-31SC164382ns0:TotalUnrestrictedFunds2024-01-31SC164382ns0:TotalRestrictedIncomeFunds2024-01-31SC164382ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-01-31SC164382ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-01-31SC164382ns10:WithinOneYear2024-01-31SC164382ns10:WithinOneYear2023-01-31SC164382ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-02-012024-01-31SC164382ns10:PlantMachinery2023-02-012024-01-31SC164382ns10:ComputerEquipment2023-02-012024-01-31SC16438222023-02-012024-01-31SC16438212023-02-012024-01-31SC16438212022-02-012023-01-31SC164382ns10:OwnedAssets2023-02-012024-01-31SC164382ns10:OwnedAssets2022-02-012023-01-31SC164382ns0:TotalUnrestrictedFunds2022-02-012023-01-31SC164382ns0:TotalRestrictedIncomeFunds2022-02-012023-01-31SC164382ns0:TotalUnrestrictedFundsns0:Activity82022-02-012023-01-31SC164382ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-02-012023-01-31SC164382ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-01-31SC164382ns10:PlantMachinery2023-01-31SC164382ns10:ComputerEquipment2023-01-31SC164382ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-01-31SC164382ns10:PlantMachinery2024-01-31SC164382ns10:ComputerEquipment2024-01-31SC164382ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-01-31SC164382ns10:PlantMachinery2023-01-31SC164382ns10:ComputerEquipment2023-01-31
REGISTERED COMPANY NUMBER: SC164382 (Scotland)
REGISTERED CHARITY NUMBER: SC024756














Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 January 2024

for

Dufftown 2000 Ltd.

Dufftown 2000 Ltd.






Contents of the Financial Statements
For The Year Ended 31 January 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 12

Dufftown 2000 Ltd. (Registered number: SC164382)

Report of the Trustees
For The Year Ended 31 January 2024


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 31 January 2024. 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
This financial year continued to be overshadowed by the enquiries with OSCR. Following further allegations from some Dufftown protagonists, resolving these questions have been the on- going focus for the Directors. The investigations concluded on 31 October 2023 with no further recommendations. We have opened the Whisky and Heritage Centre on an 'occasional' basis during the year to support events in Dufftown; Covid-19 is still prevalent and presents an unacceptable risk to our elderly volunteers. Our activities are now restricted to the provision and maintenance of:

The Whiskey and Heritage Centre
The Christmas Lights

We held the Whisky Fair in May 2023 as a part of the Spirit of Speyside Whisky Festival. Numbers were slightly up on 2022. The considerable work for volunteers to put on this event was worthwhile, as the Whisky Fair provides significant funds to support our activities during the year. The Directors have continued to review our modus operandi with a view to reducing our outgoings. We have surrendered the BT landline at the Whisky and Heritage Centre in favour of a mobile phone and a favourable SIM tariff. Discussions with both EON and SSE with reference to the separate electricity supplies to both premises have been on going . In September 2023 we eventually managed to remove the electricity supply from 10 Conval St resulting in the cessation of standing charges. Discussions with SSE continue with a likely change of supplier at the end of our contracted period on 31 March 2024.

The charity is dependant on the support of volunteers who provided approximately 54 hours of unpaid service during the year.

FINANCIAL REVIEW
The level of unrestricted funds held at the year end was £164,561 of which £111,276 is represented by fixed assets and £53,242 by liquid funds.

The level of restricted funds held at the year end was £5,681.

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.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC164382 (Scotland)

Registered Charity number
SC024756

Registered office
Whisky and Heritage Centre
12 Conval Street
Dufftown
Keith
Banffshire
AB55 4AE


Dufftown 2000 Ltd. (Registered number: SC164382)

Report of the Trustees
For The Year Ended 31 January 2024

Trustees
Mr N A L Cameron
Mr G Haughton (resigned 24.11.23)
Mr I J Millar
Mr S W S Oliver
Mr R O G Ramon (resigned 21.11.23)
Ms G J Ramon
Ms J D Smart
Ms L Creane-Smith (appointed 10.6.24)

Independent Examiner
Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

Bankers
Royal Bank of Scotland
21 Market Place
Inverurie
Aberdeenshire
AB51 3PU

Approved by order of the board of trustees on 31 October 2024 and signed on its behalf by:





Mr N A L Cameron - Trustee

Independent Examiner's Report to the Trustees of
Dufftown 2000 Ltd.

I report on the accounts for the year ended 31 January 2024 set out on pages four to twelve.

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.








Alan Long FCA
The Institute of Chartered Accountants in England and Wales

Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

31 October 2024

Dufftown 2000 Ltd.

Statement of Financial Activities
For The Year Ended 31 January 2024

31.1.24 31.1.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,084 - 1,084 250

Charitable activities
General - - - 58

Other trading activities 2 10,722 321 11,043 5,829
Investment income 3 195 38 233 52
Total 12,001 359 12,360 6,189

EXPENDITURE ON
Raising funds 91 - 91 62

Charitable activities
General 7,965 1,009 8,974 6,337
Total 8,056 1,009 9,065 6,399

NET INCOME/(EXPENDITURE) 3,945 (650 ) 3,295 (210 )


RECONCILIATION OF FUNDS
Total funds brought forward 160,616 6,331 166,947 167,157

TOTAL FUNDS CARRIED FORWARD 164,561 5,681 170,242 166,947

Dufftown 2000 Ltd. (Registered number: SC164382)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 111,276 - 111,276 110,530

CURRENT ASSETS
Stocks 8 515 - 515 606
Debtors 9 937 - 937 975
Cash at bank 53,242 5,681 58,923 56,097
54,694 5,681 60,375 57,678

CREDITORS
Amounts falling due within one year 10 (1,409 ) - (1,409 ) (1,261 )

NET CURRENT ASSETS 53,285 5,681 58,966 56,417

TOTAL ASSETS LESS CURRENT
LIABILITIES

164,561

5,681

170,242

166,947

NET ASSETS 164,561 5,681 170,242 166,947
FUNDS 11
Unrestricted funds 164,561 160,616
Restricted funds 5,681 6,331
TOTAL FUNDS 170,242 166,947

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.


Dufftown 2000 Ltd. (Registered number: SC164382)

Balance Sheet - continued
31 January 2024

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 31 October 2024 and were signed on its behalf by:





Mr N A L Cameron - Trustee

Dufftown 2000 Ltd.

Notes to the Financial Statements
For The Year Ended 31 January 2024

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.

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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - not provided
Plant and machinery - 25% on cost and 20% on cost
Computer equipment - 25% on cost

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.


Dufftown 2000 Ltd.

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

2. OTHER TRADING ACTIVITIES
31.1.24 31.1.23
£    £   
Fundraising events 10,182 5,829
Shop income 861 -
11,043 5,829

3. INVESTMENT INCOME
31.1.24 31.1.23
£    £   
Deposit account interest 233 52

4. NET INCOME/(EXPENDITURE)

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

31.1.24 31.1.23
£    £   
Depreciation - owned assets 387 395

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 250 - 250

Charitable activities
General - 58 58

Other trading activities 5,603 226 5,829
Investment income 45 7 52
Total 5,898 291 6,189

EXPENDITURE ON
Raising funds 62 - 62

Charitable activities
General 5,917 420 6,337

Dufftown 2000 Ltd.

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   
Total 5,979 420 6,399

NET INCOME/(EXPENDITURE) (81 ) (129 ) (210 )


RECONCILIATION OF FUNDS
Total funds brought forward 160,697 6,460 167,157

TOTAL FUNDS CARRIED FORWARD 160,616 6,331 166,947

7. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 February 2023 109,712 12,511 288 122,511
Additions - 1,033 100 1,133
At 31 January 2024 109,712 13,544 388 123,644
DEPRECIATION
At 1 February 2023 - 11,693 288 11,981
Charge for year - 362 25 387
At 31 January 2024 - 12,055 313 12,368
NET BOOK VALUE
At 31 January 2024 109,712 1,489 75 111,276
At 31 January 2023 109,712 818 - 110,530

8. STOCKS
31.1.24 31.1.23
£    £   
Stocks 515 606


Dufftown 2000 Ltd.

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Prepayments 937 975

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Accrued expenses 1,409 1,261

11. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 160,616 3,945 164,561

Restricted funds
Lights 2,794 38 2,832
Museum

3,537 (688 ) 2,849
6,331 (650 ) 5,681
TOTAL FUNDS 166,947 3,295 170,242

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 12,001 (8,056 ) 3,945

Restricted funds
Lights 38 - 38
Museum

321 (1,009 ) (688 )
359 (1,009 ) (650 )
TOTAL FUNDS 12,360 (9,065 ) 3,295


Dufftown 2000 Ltd.

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.2.22 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund 160,697 (81 ) 160,616

Restricted funds
Lights 2,787 7 2,794
Museum

3,673 (136 ) 3,537
6,460 (129 ) 6,331
TOTAL FUNDS 167,157 (210 ) 166,947

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 5,898 (5,979 ) (81 )

Restricted funds
Lights 7 - 7
Museum

284 (420 ) (136 )
291 (420 ) (129 )
TOTAL FUNDS 6,189 (6,399 ) (210 )

Dufftown 2000 Ltd.

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.2.22 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 160,697 3,864 164,561

Restricted funds
Lights 2,787 45 2,832
Museum

3,673 (824 ) 2,849
6,460 (779 ) 5,681
TOTAL FUNDS 167,157 3,085 170,242

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 17,899 (14,035 ) 3,864

Restricted funds
Lights 45 - 45
Museum

605 (1,429 ) (824 )
650 (1,429 ) (779 )
TOTAL FUNDS 18,549 (15,464 ) 3,085

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2024.