REGISTERED CHARITY NUMBER: SCO42519
REPORT OF THE TRUSTEES AND UNAUDITED
FINANCIAL STATEMENrs
)R THE YEAR ENDED 30TH NOVEMBER 21n5
FOR
JOHN BUCHAN HERITAGE MUSEUM TRU
JRW Hogg & Thorburn LLP
Chartered Accounlants
19 Buccleuch Street
Hawck
Roxburghshire
TD9 OHL

JOHIY BUCItAN HERITAGE MUSEUM TRUST
CONTENTS OF THE FINANCL(L gfATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2025
Page
Reference and AdmlntstrAttvt Det
Chairni*n'8 Report
Report of th¢ Trustees
3 to 5
IndepelldeDt EzamlDer's Report
Slxtement of FIDantl￿ A¢tivhl
Bglante Sheet
Notes to the Fln•ndal Ststements
9 to 17
Detsi]ed Stat¢meDt of Finan¢lal Actfvities
18 to 19

JOHN BUCIIAN HERITAGE MUSEUM TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30TH NOVEMBER 2025
TRUSTEES
tAdy Deborah Stewartby
Hon Laura Crnckenthorpe (reSi￿ed 12.3.25)
SaTah.Jane Macdonald
Peter Worthin8ton (Chaimm) (appointed 12.3.25)
Richard kne
Debbie Hair
Hon Alexander Buchan (Treasurer)
David BrackenTidge {Vice Chairnian)
Thomas Wide (appointed 12.3.25)
PRINCIPAL ADDRESS
High Street
Peebles
EH45 8AG
REGISTERED CHARITY
SC042519
INDEPENDENf EXAMINER JRW Hogg & Thorburn LLP
19 Buccleuch Stre¢t
Hawick
Roxburghshite
rD9 OHL
Royal Bank of Scotland PIC
Peebles Brdnch
4 Eastgate
Peebles
EH45 8SL
Page I

JOHN BUCHAN HERrrAGE IkfUSEUM TRUST
FOR THE YEAR EKDED 30TH NOVEMBER 2025
The highlights of the year are undoubtedly the 150th Anniversary of John Buchan's birth and also the loan of
the First Nation Headdress from th¢ Russell-coates Mweum.
The visitor numi￿5 for the year were approximately 2.4(K) which is down 200 from l&st year. however.
drts not take into a¢count the signifi&￿t number of people attending the anniversary celebrations which
over the celebration weekend Yeacbed 2(X). Dwing the summer month5 we extended the opening hours to
include Monday afterniM)n - this proved to be sucetts￿l An tern￿ of visitor numFAs and sale5.
How¢v¢r, the volunteer numbers atE down to 26. This meaT]S that for the present we shall n(rt ￿ able lo open
in the aliern(x)n except on Monday. We are fortunate tn having some volunteers who undertake two or more
shifts in a rnonth. The mAnag¢ment Commi￿ are aware of the Sitt￿tiOn with low volunteer number and will
endeavour to encourage rnore people to volunteer.
On the weekend of 23rd and 24th AugusL the 150th anniversary celebrations were $￿CeSSfUl, Saturday was
occupied with Ix)th a county and a town walk accompanied by appropriate ￿dingS from John Buchan,
novels - fortunately the weather was perfecL Sunday began with a st￿181 church service in Lyne Kirk led by
the Reverend Pr(>fessor Ian Bradly. the theme was John Buchan and the vigorous putsuit of peKe. On
Sunday afternoo￿ there w&8 varied progrdmnr of events at th¢ Eastgate Theatre in Peebles. There w18 a
recording of the 39 Steps stage play ond a talk by Ursula Buchan entitl￿ The Many AsFYcts of John Buchan
followeA by cake and prose￿0 to to&8t the 150 Ye￿￿. In the Studio at th¢ Eastgate Theatre, we had a display
b&sed on thc numerous previoll8 temporary exhibitions. this small display was sury)rising]y well-re¢eived. A
fTnal item for th¢ celebratiot15 look place on the 20th Novemiw at the Eastgate Theatre with a talk by Ed
Jam¢8 Fe8r of Any Kind a title taken from Buchan's Greenmantle.
The temporAry exhibition this year was again Huntingtower an¢ as in tbe pr￿louS year, successful. For
2026 we plan to look at Buchan'8 interdction with other authors including Hugh Wa]pol4 Rudyard Kipli
T E Lawrence and Thomas Hardy.
It is wonderfill to have th¢ loan of the First Nation Headdress. It c0nttnU￿ lo fascinate the visitors and is
pul￿ &8set to the museurn.
There have been some developments reggrding th¢ future plans for the development of the ChamE£rs
Institution. Building work ts due to stth in March 2026 on Phase One which d<xs not involve the museum.
Architects have been commissioned to start drawing up plans for Phase Two and the rdising of funds for this
phase can begin when outline costs have been established. We have indicated that our 5tr0ng pr¢fetpn¢e is
not to be part of the development of the main buslding but to remain in OUT present location so as ts) preseN¢
ow pre3¢nt autonomy. We are still continuing to have dialogues with the kottish Border5 Council over the
future of the museum.
Page 2

JOHN BUCHAI¥ HERITAGE MUSEUM TRUST
REPORT OF IIIE TRUSTEES
FOR THE YEAR ENDED 3(ITH NOVEMBER 2025
The trjstrts present their reNbrt with the firJanciaE statements of the charity for the year ended
30th November 2025. The t￿￿e$ have adoptsj the provisions of AccountiTJg 8nd Re￿rting by Charities..
Statrment of Recommended Practice applicable to charities prepamg their ac£ouM5 in accordance with the
Financial Rwrting stsnd￿ applicable in the UK and Republic of Ireland (FRS 102) (effective l Janu
2019).
ORIECTIVES AND AcfivTfiES
Obje£ttvts And aitt
a) To promote as widely & FKyssible intetEst in the life and wthk of John Buch￿ author. ￿litiCia
diplomat and statesman and of his family.
b) To achieve this ¥im by operating a Museum with displays of objects relaltng to his life including
photographs and audio visua] presentstions. using modern t￿hnOlogY of his many achiev¢men￿ and
make available copi&8 of his Ex)ok5 both n¢w and second hand.
¢) To maintsin an archive of do¢uments ￿lating to John Bu¢han and to make it available to academic
researchers 8nd other interested parties. The gift of th¢ Alasdair Hutton Research Collection of b)oks and
papers is ￿Ing ￿talogued for the benefit ofscholars and fans alike.
ACHIEVEMENTS AIYD PERFORMANCE
Charitsble activities
The main achicvemenl of the charity has Eten to continue promoting th¢ life and work of John Buchan
(1875-1940), the famous Scottish novelist and storyfyller, and a distinguished historia￿ biographer,
politician. diploma¢ and ststesmaEL
The successful 150th celebr&iion of Jduj Buthan's birth in August 2025 certain]y help￿1 the promotion of
his life and work
The is seeking ways of opening in more afiernoons than at pr<q¢nt which should increase the visitor
numlrrs. A150. we are inva8ti8ating the ￿&sibIlity of a virtual view of the rnu8eum to achieve a widu visitor
Page 3

JOHN BUCHAN HERITAGE MUSEUM TRUST
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 30TH NOVEMBER 2025
FINANCIAL REVIEW
Finan¢i*l p05itioD
The Accounts to 30th November 2025 show net exp¢Ddilure of £19.223 (2024. net income £27,940) after
including unrealised losses on investhlents of £13236 (2024, unrea]is¢d gaiL8 £29.442). Tr net op#aling
ewnditure w&s £5.987 {2024, net operatti)g exFenditure £1.502).
The im1&4tsnent p)rtfolio at 30th November, 2025 amounted to £334.577 {2024, £347.813).
The total return on the porrfolio -3.40/¢J (capits] plus income) as against a lotal retLun of 12.4Y• seen in
the previou8 year. Income acttw]ly increased from £9936 to £10464 (5.3•/•). The Tnth have decided to
make a change to allocation tK)li¢y by mergtng the w>rtfolios of the short and medium lerni kond fund and
the global equity fjjnd a￿1 placing them in Ch￿l￿e8 Inveslment Fund. This fund invests in both and
equilies and is forecast to deliver the sam¢ Capi￿ perfollRance with matEinally ￿ in¢ome. This also
gives the fimd manag¢r flexibility to swikh between assel ¢la&8es.
Fund perfornMce in 2025 w85 very poor parti¢ulorly wh¢n ¢ompared to the ARC Steady 8mwth ￿mparatOr
ixnchmark which returned 8.64•/0 in the calendaT year. This is the second year of sxgnificant
underFrfomMnce against this Ixnchmark. CCLA made the strattgic decision to slay out of the major US
Tech stocks and have suffer¢d b￿1]Y Ixause of this. Their thesis 1$ that this market is ove￿￿0￿￿ and ri
for Correctio￿ which may well be E&)rne out in 2026. However, CCLA wL8 also in the process of merging
with Jupiltr Asset managemenL and we feel this has tsken their "eye off the bAII" A]though the ]￿t 2 years
have Eeen disappoinling wevious yewE' perfonnance hos generdlly beah ahead of the bend￿alk and they
have ¢x¢eeded the target of CPI +40/y for seven of the 1&81 ten yeaT5, The Tr￿stee£ are ke¢ping this
perfom)ance under review.
As at 30 November 2025. totsl fun(L8 (all of which aff ut]re5tricted) amounted to £351.878 principa]ly
repr&4ented by Investments at market value of £334,577 and cash at bank of £12.845.
The Tnjstees rnfvlly appr¢¢ith donations of a]1 amounts. Armual support from The John Buchan Society
is also gratefully acknowledged.
The Trustee5' aim h&s been to maintain reS￿v&S in cash and bank deposits at a level which quates to
approximately two yearn of charttabl¢ expendltt￿e. CuTr¢ntly the level of liquid reserves is tyuivalent to 9
months expenditur¢. However, the fijnds in the investment portfolio a￿ sufficiartly liquid to be able to
relwe cash at short notice should ¢ircumstsnc¢s Wa￿ant. Consequcnily? the Trustees Consider that thi5 level
will Provide sufficient fimds to resFrf)nd to requir¢ments for operating ex￿￿ and ensure that ihere 8re
sufficient finds available to ¢over support and gov¢rnatLce costs.
Any Surp]￿$ unrestrictsd funds are invested in COIF units in order to provide inwme and long- temi capitsl
growth to Sustain the Museum's activities and future investment requirements.
Golllg eoThcern
The tslLSi remains in a sound finan¢i81 position. The Trustees anticipate no diffi¢ulty in meeting the
obligaiioy)s of the Charity. 11]e TrUSt￿S, investment poli¢y looks w maintain the present Frf)sition in the slM)rt
tem) and to look towards medium to long terni wwth in In￿Me and capital. Total unrtstricted funds held at
30th November 2025 amount to £351,878 (2024, £371.10]) including c&8h of £12,845 and investments of
£334.577.
Page 4

JOHN BUCHAN HERITAGE MUSEUM TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH NOVEMBER 2025
STRUCTURE, GOVERNANCE AND MANAGEME
Gov¢rniDg docunient
The charity is a Scottish Charitable Incorporat&1 Owisation {SCIO}, incojporated on 16 August 2011 and
governed by its Constitution of the same date. The SCIO is recognised by the HM Revenue and Customs as
a Scottish Charity under number SC042519. In the event of the TnW being wound up any surplw assets
must be used for Pu￿>seS by another body wlth similar objectives to the TnL8I
Recruitment appoiutmeDt ofnew trustees
The individuals who signed the charity tnjstee declaration fo]m5, whi¢h accompanied the 4wlication for
incorporation of the organisation. shall E¢ deemed to ￿ the charity's first ts￿Stees.
The trustees will initially be ap￿inted for a five yefjr temi and ￿ the end of that they may be reapwinted for
a second five year t¢rnJ. In special circumstances, it may be appropriate for trustees to serve for fither
tern￿ and this is specificolly acknowledged on the Constitutio
The trustees will be ap￿Int￿l with regard to the skills needed to manage an orgallisation of this nature and
will include at least one direct deseendant of John Buchan.
The tr￿tee$ will se¢k w arrange a rots for retiT81 in OTts to a)sure continuity in the management of the
or8anisatio
Oryani8ational itrnctsre
The ch￿lty tswstees have delegated day to day managffljent of the museum to a managem¢nt o)mmittee.
ired by David BTackenridge who was appointed during the year.
Indu¢tion and traini￿£ of nejv trusteas
New trn5tees undergo an appropriate induction prO￿amMe to brief them on their obligations under chaTity
law and ihe fi1￿clo1 perforniance of the company.
Related partles
Details of tAnsactions with related p8rti¢s are set out in note 19 of the financial ststement5.
Risk management
The trt￿tee$ continue to assess the major risks to which th¢ ¢harity might Ee exposed in parti¢u]ar those
relating to th¢ operations and finances of th¢ Trust. lfv are at pains to set in place systems to mitigate our
exp)sure to 8my major risks.
Approved by order of the i￿rd of t[￿tee& on I Ith March 2026 and signed on its ￿half by:
Peter Worthington. Tn￿ee
Pag¢ 5

INDEPENDENT EXAMtNER'S REPORT TO TItE TRUSTEES OF
JOHN BUCHAN HERrrAGE MUSEUM TRUST
I rewjrt on the accounts forthe year ended 30th NovemEtr 2025 set outon pages seven to seventeen.
ReSi￿1¥e responsibilities of trustees 2nd exgminer
The charity's trustees are tEswTrnsible for the preparthion of the accounts in accordywe with the tern￿ of the
Chwities and Trustee Investrnent (Scotland) Ath 2￿5 and the Charities Accounts {Scotiand) Regulattons
2(X16 (as amended). The charity'5 trustees consider that ihe audit r¢quirement of Regul￿10n 10(IXa) to {c} of
the Accounts Regulations does not apply. It ts my reswJk8ibility to examine the accounts as ￿qUIred under
Section 44(1)(c) of th¢ Act and io state whetherpartiallar mat*ts have come lo my attention.
Bgsi8 of the llldtpelldent eumiDer's rewrt
My examination was cWrI￿ out in accordance with Regulation I l of the Charities ACco￿ts (Scotland)
RegU]￿lOnS 2006. An examknation includes a review of the accounting records kern by the charity and a
comparison of the accounts presented with ihose records. It also include5 con5ideratioll of any unusua] items
or disclosU￿S in the accounL8, and seeking explanations from you &8 tsvstees concerning any such matters.
The procedures undertaken do not provide ail the evidence that would be wuired in an audil and
consequenily I do not express an audit opinion on the view given by the accoun
IndepeDdent examiner's statement
In connection with my examinatio￿ no matter Iw come to my attention:
(l) which gives me reasonable cau8e to ￿lIeVe thaL in any material resrrf the requirements
to keep a￿￿tIng records in accordance with Section 44(IXa) of the 2005 Act and Regulation 4 of the
20[￿ Accounts R¢gulations' and
to prepare aceounts which accord with the accounling records and to comply Regulation 8 of the
2006 Accounts RegulatiOJLS
have not I￿1 mel. or
(2) to which, in my Opinio￿ attention should be drawn in ot71er to enable a prortt under5tsnding of the
accounts to be reached.
Joanne Qibson
The Institute of Charttr￿ Accountsnts of Scotland
JRW Hogg & Thort)urn LLP
Chartered Accountsnts
19 Buc¢leuch Street
Hawick
RoxbU￿bshjre
TD9 OHL
111os12b
PAge 6

JOHN BUCHAN HERITAGE MUSEUM TRUST
srATEMKNT OF FINANCIAL AcTIv￿rEs
FOR THE YEAR ENDED 30TH NOVEMBER 2025
2025
2024
Total
Unrestrioted
INc0￿E AND ENDOWMENTS FROM
Donations and legacies
2,484
3,436
Other irading activities
Inveslment income
4.685
10,464
2,921
9,936
Total
17,633
16,293
EXPENDrruRE ON
Raislng fim
3,887
Chlritable ac¢ivtties
o￿ating ofmuseum
19,733
1&351
Total
23.620
17,795
gains/Oosses) on Anvesthents
(13.236)
29.442
NET INCOMEI(EXPENDITURE)
(19223)
27,940
RECONCILIATION OF FUNDS
Total fimds broughi fotward
371,101
343.161
TOTAL FUNDS CARRIED FORWARD
351,878
371,101
The note5 fomi part of th¢5e financial statements
Page 7

JOHN BUCHAN HERrrACE MUSEUM TRU
BALANCE SHEET
30TH NOVEMBER 2025
2025
Unrtstricted
fimds
2024
Total
fvnds
Notes
￿￿ED ASSETS
H￿ltage ass¢ts
Investsnents
3200
334.577
32(KJ
347,813
12
337.777
351,013
CURREIYT A&SETS
13
14
Debtors
Cash at bank
1,020
1.436
12,845
650
850
19,893
15,301
21.393
CREDITORS
Amounts falling due within one year
15
{1,2(X))
(1,305)
14,101
20.088
TOTAL ASSETS LESS CURRENT
LIABILITIES
351,878
371.101
NET ASSETS
351,878
371.101
FUNDS
Unrestricled funds
16
351.878
371.101
TOTAL FUNDS
351,878
371.101
The financial statements were approved by the Board of Trustees and authorised for issue on
I lth March 2026 and were signed on ils behalf by:
Peter Worthington- Thstee
Hon Alexander Buchan- Trustee
The note5 fomi part of these financi81 statements
Pa8e 8

JOHN BUCHAN HERrrAGE MUSEUM TRUST
NOTES TO THE FINAY4CIAL STATEMENTS
FOR YEAR ENDED 30TH NOVEMBER 21)25
ACCoU￿G POLICIES
Basis of pr¢pArlllg the finoDcio1 ststements
The fmancia] ststem¢nts of the Charity, which is a public Etnefrt entity under FRS 102. have been
prepared in accordance with the Charities SORP (FRS 102) 'A¢counting And Reporting by Charities..
Ststement of Recommended Prnctice applicable to charities preparing their accounts in
with the Financial Rewrting Standard applicable An the UK a￿1 Republic of Ireland (FRS 102)
{eff￿tsve l January 2019),. Fin8ncia] ReFrf)rting Stsndard 102 'The Financial Rep)rting Standard
applicable in the UK and Republic of ItEland' and the Charilies and Trustee Investment (Scotland) Act
2(K)5. The fll￿￿1al stAtements have been pr¢parryJ under the hisknrical cost convention. with the
exception of investtnents which are in¢luded at matket valu< as modified by the revaluation of c¢￿In
In¢oJne
All inwme is recOgnis￿ in the Statement of Finanei81 A¢tivities once the ¢haTity h&$ entitlement to
the fuThl4 it is probable that the income will be received and the amount can be measured Teliably.
peoditure
Liabilities are reLognised as expenditure ￿ Soon as there is a legal or 0)nstr￿tiVe obligatii)n
committing the charity lo that ex￿1￿￿ il is pmt*ble that a transfer of eeonomic benefits will be
required in 5ettlem¢nl and the amount of the obligation be measutEd r¢liably. Expenditure is
accounted for on an aCcn￿$ basis and has been classified under headings that awegate all cost
related to the category. Where costs ¢annot be dIr￿Y attrilxrted to particular headings they have
been allocated to athivities on a basis CODSiStent with the use of resour¢a.
GoverDance eikqts
Governance costs are those incurred in connection with the admimislration of the company and
compliance with constitutional and statutory requirements.
Heritsge assets
The b(M)k is staled at the va]ue placed on purch&8e and sulwuent valuation. It is not considered
appropriate to depreciate this asset.
Stocks ar¢ valued * the lower of cost and net realisable valu4 8fter making due allowan¢e for
obsolete and slow moviTJg lten￿.
Txxa¢ioD
The charity is exemirt from on its charitable activities.
Fund accounting
Unrestricted fuTMls ¢an te used in a¢￿rdance with the charitsble obje£lives at the di$￿et10n of the
tn￿lee$.
Restricted funds Can only be used for particular tE4tri¢l¢d Purposes within the objects of the charity.
Restrictions ￿lse when specified by th¢ donoT or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each ￿nd is included in the notes to the fmancial
Page 9
conlinued...

JOI￿4 BUCIIAN HERrrAGE MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS. eoDtinued
FOR THE YEAR ENDED 30TH NOVEMBER 21ns
ACCOUNTING POLICIES- ¢oDtRDued
Hire purch8se aDd k4sing commltmellts
Rentals paid under ortrdting ]￿eS atE Chorged to the StAternent of Financial Activities on a straight
line b&sis over the p¢ri(d ofthe lease.
lllvestments
Inveslments are shown at fair value. Any awegate gains or losses arising frotn changes to fair value
is trdDsferred ￿ the Ststement of Financial Adivities.
FiDaDcial a$*ts
B&si¢ financiat as￿ including trade and other debtots and bank balanca, are Initi￿lY r￿O￿ls￿ at
transactson price.
At the end of each Teporting [tri(￿ financial assets measured at cost are assessed for ¢vidence of
Impalm￿t. Any IM¥￿iTMent loss is recognised in the Ststement of Financial Activities.
Financial &8sets are dU¢¢0￿}sed when the contractuai rights lo the c&sh flows from the Lset expi
or are settied.
Flnaneial 14bilitiey
B&sic financial liabiltties, inc]￿Ing trade and oth¢r creditors, are initia]ly recOgntS￿ at tronsaction
price.
Trade creditots are obligations io pay for goods or services that have been acquir￿ in the ordinary
course of business from suppliers. These or¢ classed as current liabilities if payment is due within one
year or less. If they are Presented as non-cutyent liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the conttBctual
obligation is disclwgel Ca[￿e]Ied or expitys.
DONATIONS AND LEGACIES
2025
2024
Donations
2,484
3.436
OTHER T114DING ACTivrriES
2025
2024
SFrtia] events and pr￿en￿tionS
Sa]e of EK)oks
(hher net fimdraising- Runa8ates Club
Merchandise and sundry income
3.348
2.994
(722)
649
677
4.685
2.921
Page 10
continued...

JOHN BUCHAN HERITAGE MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS. contillued
FOR THE YEAR ENDED 3wfH NOVEMBER 2025
INVESTMENT INCOME
2025
2024
Dividend income
10,464
9.936
R￿s￿c FUNDS
Other trading adivities
2025
2024
3.887
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
Support
costs (see
nots 8)
Totals
Otmting of museum
16,432
3,301
19,733
DIRECT COSTS OF CHARITABLE AcfIvITIES
2025
2024
Other OFtrnting le&8es
Buildin8 Servi￿ Cha￿e8
Insurance
Telephone and computer ¢osts
Postage and station¢ry
Publicity and printing
Sundries
Repair5 and Trnewals
Design and artefact presentation
4,950
4,5¢
1,432
1.118
68
2,623
399
634
4.950
1.119
968
74
1.441
481
615
450
16.432
14.598
Pagell
continued...

JOHN BUCHAN HERrrAGE MUSEUM TRUST
NOTES TO THE FI￿ANCIAL STATEMENTS- con￿￿￿ed
FOR THE YEAR ENDED 30TH NOVEMBER 2025
SUPPORT COS]8
Governance
OF¢rating of museum
3JOI
Supp)rt cosL% included in the above, aTe &s follows:
2025
Opetmting
of museum
2024
Total
a¢livities
Meetin8 COSt5
SttretsTia] exEMses
Independent examiners fee
436
1.545
1,320
433
1,320
3,301
1.753
TRUSTEES, REMUNEIL4TION AI¥D BENEFITS
There were no ttustees, remuneration or other benefits for the year ended 30th November 2025 nor for
the year ended 30th Novemèer 2024.
Trustw, ¢JpeDses
One trustee re¢eived re-imbursement of operational and general expenses incuyr￿l on ￿half of th¢
¢harity in the period totalling £749 (2024- 3, totalling £572).
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvfTIES
Unrestricte
INCOME AND ENl￿WM￿NTs FROM
Donations and legacies
3,436
Other trading activities
Investsnent income
2,921
9.936
Total
16293
EXPENDITURE ON
Raising funds
Charitable aetivities
Operdting of museum
16,3SI
Totsl
17.795
Net gains on investments
29.442
Page 12
continued...

JOHN BUCHAN HERITAGE MUSEUM TRusr
NOTFS TO THE FINANCIAL STATEME￿rs. eontinu
FOR THE YEAR ENDED 30TH NOVEMBER 2025
JO. COMPARATIVES FOR THK STATEMENT OF FINANCIAL ACTIVITIES- ¢ontinu
Unrestricte
NET INCOME
27.940
RECONCILIATION OF Fuf4DS
Totsl fimds brought fotivard
343.161
TOTAL FUNDS CARRIKD
FORWARD
371.101
11. HERITAGK ASSETS
Total
MARKET VALUE
Al 1st December 2024 and
30th November 2025
3.2(K)
NET BOOK VALUE
At 30th November 2025
3200
At 30th Novemlxr 2024
3,2(M)
H￿ltage assets Telates to a bjok purChY￿ made by the Thjst in 2018. The IKyok nan]ed 'The La
Relating to the TaxAtion of Forei￿ Income" by John BuchaD is one of the rarest of a]1 work5 by John
B￿han. This book is on display within the museum and E¢ used an archive item.
The main fwtors which wntribute to its value are its rarity, condition. handwTitten inscription
John Buch￿ and the addressee of the inscription. The valu*ion was undertsken in 2023 by P
Tha¢keray (Trustee), b￿k dealer, who specialises in John Bu¢han's work
Page 13

JOHN BUCHAN HER￿AGE MUSEUM TRUST
NOTES m THE FINANCIAL sTATE￿￿￿Ts. colltlnue
FOR THE YEAR ENDED 30TH NOVEMBER 2025
11 FIXED A&SET INVESTMENTS
Listgd
inv&slments
MARKET VALUE
At 1st December 2024
Revaluatio
347.813
(13236)
At 30th November 2025
334.577
NET BOOK VALUE
At 30th November 2025
334,577
At 30th November 2024
347,813
ThaE were no investment 18s¢ts outside the UK.
Cost or vajuation at 31)th Novemixr 2025 is rtprtsCnt￿ by:
Listed
investsnents
Valu&ion in 2025
334.577
COIF Charity Funds:
Global Equity In¢ome
Proikny
Fixed Income
M￿ke1 Vaiue
(£)
247.511
62.574
24.492
334.577
The historical cosl of Inv￿tsnents held at 30th NovanEtr, 2025 was £225,(KX) (2024, 225.000).
13. STOCKS
No. of Units
87,601.90
58284.02
18,946.57
Unit Va]ue (p)
282.54
107.36
129.27
2025
2024
Stock for resale
1,020
650
Page 14
continuul...

JOHN BUCHAN HERTTAGE MUSEUM TRUST
NOTES TO THE FJNANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30TH NOVEMBER 2025
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Prepayments
1,436
850
15. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2025
2024
Other creditors
1200
1,305
IfL MOVEMKLYT IN FUNDS
Net
movemeni
in finds
At
1.12.24
At
30.11.25
UDre5tricted fuDds
Gen¢ra] fvnd
Investments
23.288
347,813
(5,987)
(13.236)
17,301
334.577
371.101
(19,223)
351,878
TOTAL FUNDS
371,101
(19223)
351,878
Net movement in in¢luded in the above are &8 follows..
Incoming
Resources
expended
Gains and Movement
10&8es
in fLEnds
Unrestrieted funds
General fund
Investments
17.633
(23,620)
(5,987)
(13,236)
(13236)
17,633
(23.620)
{13236)
(19,223)
TOTAL FUNDS
17.633
(23.620)
(13236)
(19.223)
Page 15
continued...

JOHN BUCIIAN HER￿AGE NIUSEUM TRUST
NOTES TO THE FINANCIAL STATEMKNfs- CODtinued
FOR THE YEAR EI¥DED 30TH NOVEMBER 202S
16. MOVEMENT IN FUNDS- LY>ntinued
Comp4ratives for movement ID funds
N¢t
movement
in fijnds
At
1.12.23
At
30.11.24
Unrestrithd funds
Genera] fund
Inve8th)ent$
24,7
318.371
(1.502)
29,442
23,288
347.813
343.161
27.940
371.101
TOTAL FUNDS
343,161
27.940
371.101
Comi)arative movem¢nt in ￿nd& include41 in the abov¢ aTe as follows:
Incoming
Resour￿
Gains and Movement
losses
in fimds
Unrestricted funds
General fimd
Investhients
16.293
(17.795)
(1.502)
29,442
29,442
16293
(17,795)
29,442
27,940
TOTAL FUNDS
16293
(17,795)
29.442
27.940
17. OTHER FINANC￿ COMmITME￿TS
John Buchan Heritage Museum Tnjst has a le￿ on ils ptEmises at The Chambers Institution, Peebles
for a 10 year period until 5th March 2022, and thereafter on giving three months, noiice by either
party. The ¢urrent amual renl is £4.950. In addition to this. an am)ual service charge of £4.51K) is
¢urfft]tly pai¢L
The Chamlxts Instilution is pre￿ing a long-frnn strategy for improvement of part of the building
housing the library and other services. bui the indications are that the t¢nancy of the Buchan Mus¢um
will not be aff￿led.
Page 16
continu￿...

JOHN BUCHAN HERITAGE MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS. eontinued
FOR THE YEAR ENDED 30TH NOVEMBER 2025
I& RELATED PARTY DJSCLOSURES
There were no related pBty tTrnsactions forthe year ended 30th November 2025.
19. DONATED SERVICES
The Museum was open for 186 day5 duritkg 2025. With commitment from a strong band of over 25
volunteers we have l*en able Éo presfflt the Museum io ow visitors and particl￿te in events ¢xterna]
to the Museum.
Page 17