DIGBY HALL AND LIBRARY
REGISTERED CHARITY NUMBER: 275065
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
DARKIN MILLER UMITED
CHARTERED ACCOUNTANT5
24E OEVEREL ROAO
CHARLTON DOWN
DORCHESTER
DOR5Er

DIGBY HALL AND LIBRARY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CONTENTS
PAGE
Tw5tees' Report
34
Independent Examlner'5 Report
Statement of Flnan¢lal Actlvltles
Balance Sheet
Notes to the Flnanclal Statements
8-10

DIGBY HALLANO LIBRARY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present thelr annual report and financial staternents of the Trust lor the year ended 31 March
2024. The financial statements have been prepared In accordance with the accounting policies set out in note I
to the accounts and comply with the charittys trust deed, the Charitie5 Act 2011 and Accountin8 and Reporting
by Charitie5' Statement of Recommended Prèctice applicable to charities preparing thelr accounts in accordance
with the Financial Reportin8 standard applicable in the UK and Republlc of Ireland published on 16 July 2014.
Oblertlvèsand •¢tlvltle5 for ihe publlc beneflt
The Trust was created for the purpose of providln8 a Public Hall and Library lor the use and beneflt of 5herborne
resident5. The Trust owns one property, the Digby Hall & Llbrary, which had an insured value of £4,672.613
(including fixtures and fittings) at 31 March 2024.
The Trustees confirm that they have referred to the 8uidance Contalned In the Charlty Cornmi5sion's general
guidance on publlc benelit when reviewing the Trust'5 aim5 and oblectSves.
Grant rnaklni polky
The Trust awards no grants.
Indurtlon and tra1n1￿ of trustee5
Sherborne Town Councll Is the 501e Tru5ree.
Athlevemtnt and perform4D¢e
Durin6 the year the Trust tontlnued to provlde a Publlc Hall and tibfary for the beneflt of Sherborne ResSdents.
Flnancbol Rovlew
Income 8enerated lor the year amounted to £59,141 12023: £79,47SI. Thi5 compr55ed £43.298 rental Income,.
£8,286 car park Income., grant5 from the The Slmon Digby Isherbornel Memor5al Trust totalllng £4.800,' and bank
Interest and rnlscellaneous Items whlch amounted to £2.758.
Expenditure lor the year arnounted to £67,56512023.. £68,320).
The Balance Sheet at 31 March 2024 Sho￿ reserves of E5,02712023.. £13,451>.
Investment pollcy ind performance
The Trust has modest reserves suffiilent to cover mlnor Improvements or the renewal of equlpment. Fund5 are
held in current and deposit accounts, with priority 8iven to security of capltal and Ilquldity of funds over the
return received.
Rlth man•iernent
The major risks that the charity 15 exposed io have been 5dentlfled and revlewed by the trustees and procedure5
estab1I5hed to manage this risk.
The maln flnancial rlsk fated by the charl¢y15 that ol falling revenues, and unexpetted malntenance cost5, both
of whlch are related to the condltlon of the bullding.
Reserves pollcy
Spec6fic reserve5 are held Dnly for the provlsion of improvements or the renEwal of equlpment provSded for the
faclllty, and such reserves are reviewed conilnuously. The Town Council. as Trustee, maintained a buildln8 &
property reserve. but the fvnds have been spent on the planned refurblshment works.
Strnaure. 8overnance and mana8ement
The Trust is an unincorporated trust, constituted under a trust deed dated 13th January 1978 andls a registered
charity number 275065. The Trust wa5 established between Mr K S D Wingfield Digby (Mr Digbyl- G F Pinney and
D M J Dear., and the Sherbome Town Council.
Sherborne Town Councll Is the sole Trustee.
Trust business is discussed and decisions mlnuted as part of each Town Councll meeting.

DIGBY HALL AND LIBRARY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
Reference and admlnhtratl¥e Informallon
Trustee
Sherbome Town Cijuncil
Clerk
Mr Stephen Shleld
Prlndpal Offite
Address.. Manor House. Newland, Sherbome, Dorset. DT9 3JL
Charity Number: 275065
Extern•l Emamlners
Darkin Mlller Llmlted, 24e Deverel Road, Charhon Down, DT2 9UD
Trnrtee$' responslbllltles In relatlon to the financlal 5t•t•monts
The charlty trusiee 15 re5ponslble for preparln8 a trustee's anTrual report and financial statements in accordance
wlth applicable law and United Kin8dom Accountin8 Standards Iunited Kingdom Generally Accepted Accountln6
Pr•ctlcel.
The law appllcable to charltles In En8laThd and Wales requlres the charlty trustees to prepartr finjncial
Statements for each year which glve a irue and fair view of the state ol affairs of the charlty and ol the incomln8
resources and application ol resource5. of the charity for that period. In preparln8 the Ilnancial statements, the
tru5tee5 are required to..
Select suitable accounting policies and then apply them conslstentlyj
observe the methoés and printiples in the applicable Charltle5 SORP,.
makelud8ements and estlmates that are reasonable and prudent.,
state whether applicable accounting standards have been followed. sublect to any materlal departure5 that
must be dlsclosed and explalned In the fSnanclal statements..
prepare the flnanclal statements on the goln¥ concern b)sls unle55 It 15 InapproprSate to presume that the
chadty wlll tontinue In buslness.
The trustees are respon51ble for keeplng proper accountln8 retords that dlsclose with reasonable accuracy at
any time the flnanclal p051tlon of the charity and to enable them to ensure that the financial statements comply
w5th the Chèrltles Act 2011, the appllcable CharitiES IAccounts and Reports) ReBulatlons, and the provisions of
the Trust deed. They are also responsible lor 5afe8uardlng the assets Df the charlty and takln8 reasonable steps
for the prevent1on and detett5on of fraud and other Irre8ular5tles.
The trustees are responsible for the maintenance ond Integrlty of the charlty and flnanclal information Included
on the charity's webslre In actordance wlth leglslatlon In the United Klngdom ¥overning the preparatlon and
dissemlnatlon of finantial statements.
SI8ned-
Si8ned..
Lwg
Trustee
Jll W8
Trustee
rton

DIGBY HALL & LIBRARY
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OFTHE DIGBY HALLAND LIBRARY
I report to the trustees on my examination of the accounts of the Di8by Hall and Llbrary Ithe Trust) for the year
ended 31 March 2024.
Responslblllties and basls of r•port
As the charlty trustees of the Trust you are responsible for the preparatlon of the accounts In accordance with
the requirements of the Charities Act 20111'the Act'l.
I report In respect of my examlnatlon of the Trust's accounts carrfed Dut under sectlon 145 of the 2011 Act and
In carryin8 Out my examination I have followed all the applicable Directlon5 given by the Charlty Commlsslon
under sectlon 145lSllbl of the Act.
Inde￿Nd•￿t examln•rfs statement
I have completed my examlnatlon. I conflrm that no materlal matters have come to my attenti¢)n in tonnedSon
wlth the examination givlng me cause to believe that In any material respect..
l. accountlng records were not kept In respect of the Trust as requifed by section 130 of the Act; or
2. the account5 do not a¢¢ord wlth those record5,' or
3. the accounts do not comply with the applicable requlrements concernlng the fofm and content of accounts
set out In the CharStles IAccounts and Report51 Re8ulatlons 2008 other than any requirement that the accounts
Bive a 'true and fair vlew whlch Is not a matter considered as part of an Independent examlnatlon.
I have no concerns and have comè afrc*ss no othei matters In ronnectlon wlth the examlnatlon to whlch
attentlon should bè drawn in thls report In order tg enable a proper understandlng of the accounts to be
Slgned..
Name..
Rosle Darkin-mlller LL8 (Hon51 BFP FCA
Instltute ol the Chartered Accountants In England and Wales
24e Deverel Road, Charlton Down, Dor¢hester, Dorset DT2 9UD
Address..
Date..

DIGBY HALL AND LIBRARY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDIN6 31 MARCH 2024
Totsl fvnds
2024
Total funds
2023
Income •nd •ndo¥m)ènts from..
Hlre Charges
Car Parking Income
Car Park Rents
Llbrary Char8es
Grants
Bank Interest
43,298
7,056
1.230
2,676
4,800
82
31,159
8,Ck)7
1.747
808
37.700
54
Total Incom•
59,141
79,475
Expendlture on:
Wa8es and Salarles
Maintenance and Supplle5
Servlces
Admlnlstratlon. Ll¢ences and other Prolesslonal
Car Park Operatlng Costs
Refurbishment costs
Provlslon for bad debt
14,526
25,308
16,347
6,146
5,135
30.019
19,051
13,431
5,536
33
102
250
Total eMp•ndltur•
67,565
68,320
N•t Incomell•xp•hdlturel
11,155
Transfers between funds
Oth•r recognls•d 8aln5111055es)
Net movement In funds
8,424
11,155
Re¢ondl•tlon of lunds:
Total Funds brought forward
13,451
5.027
2,296
13A51
Total Funds carrled forward

DIGBY HALL AND LIBRARY
BALANCE SHEET AS AT 31 MARCH 2024
Total funds
2024
Total funds
2023
Flyed assets
Flxtures, fittin8s and equlpment
Total flx8d ass•ts
Current assèts
Debtors and prepayments
VAT
Cash at bank and In hand
12,322
500
4,498
6,177
iii
29,851
Total current a5$9ts
17,319
36,139
Llabllltl•s
Credltors.. Arnounts fallln8 due within one year
Trade Credltors
Receipts in Advance
Accruals
9,959
1,134
1,199
20.132
1,4SI
I,ios
Total current Ilabllllle5
12,292
N•t curr•nt •ssets or Ilabllltl•s
5,027
Total assets less current IlabllSt
S.027
13051
The funds of th• £h•rlty.
Unrestricted funds
Total charlty funds
S,027
5ffj27
13,451
13A51
All fund5 held by the Trust are Unrestrirted. The Trust holds no Restrlcted or Endowment Funds.
The notes at pa8es 8 to 10 form part of these accounts.
Approved by the Trustees on .-..
nd slgned on thÈlr behalf bv..
Robin Legg
Trustee
rbourton
Trust

DIGBY HALL AND LIBRARY
FII4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
l. Accounting Polide5
al Bas15 of pr•paratlon and assessment of golnÉ con￿1￿
The atcounts (financial statements) have been prepared under the hlstorlcal c05t conventlon wlth
items reco8nised at cost or transaction value ¥nle5S Othetwise stated in the relevant notelsl to these
accounts. The flnancial statements have been prepared In accordance wlth the Statement of
Recommended Practice.. Accountlng and Reporting by Charities preparlng their accounts in
accordance with the Flnancial Reporting Standard applicable in the UK and Republlc of Irelantj IFRS
1021 issued on 16 July 2014 and the Flnancial Reportlng Standard applicable in the Unlted Kin8dorn
and Aepublic of Ireland IFRS 1021 and the Charities Art 2011.
The trust constltutes a publ1¢ benefit entity as defined by FAS 102.
The trustees conslder that there are no material uncertalnties about the Trust's ability to contlnue as a
golng c¢)ncern.
bl Fund5 Structur•
All funds held by the Trust are Unrestrlcted. The Trust holds no Re5trlcted or Endowment Funds.
cl Incom• re¢ognltlon
All Incomlng resource5 are reco6nised once the charlty has entitlernent to the resources, It Is certaln
that the resources will be received and the monetary value of Incomln8 resources can be measured
wlth sufficient reliablllty.
Grants or Oonations are recognised when recelved.
Interest on funds held cn deposlt Is Included when recelved.
dl Exp•ndlture rècoBnltlon
Liabilities are recoBnlsed as expendlture as s¢)on as there Is a legal or constructlve obli8ation
commlttln8 the charlty to that expendlture. It is probable that settlement will be requlred and the
amount of the obll8atlon can be measured rellably.
All expendlture Is accounted for on an accruals basls. All expenses includlng support costs and
governance costs are allocated or apportioned to the applltable expenditure headin85. For more
Information on thSs attrlbution reler to ngte If) below.
el IrrecoveTabl• VAT
Irrecoverable VAT is chaiged 38ain5t the expendlture headSng for whith st was incurred.
fj Go¥•rnance costs
Govemance costs comprlse all costs involwing the public accountablllty of the charlty and its
compliance with regulativn and Rood practice. These costs Include ¢osts related to external
examinatlons.
gl ft*alised Kalns and ID55es
All Bains and losses are taken to the Statement of Financlal Activities as they arise. Reali5ed gains and
losses on investments are talculated as the difference between sales proceeds and thelr opening
carrying valve or their purchase value If acqulred subsequent to the first day of the flnancial year.
Unrealised gains and105se5 are calculated as the difference between the fair value at the year end and
their carrying value. Realised and unrealised investment gains and losses are combined in the
Statement of Financial Activities.

DIGBY HALL AND LIBRARY
FINANCIAL STATEMETrifs FOR THE YEAR ENDED 31 MARCH 2D24
NOTE5 TO THE FINANCIAL STATEMENT5
h) Flx*d assets
The Trust owns one property. the Di8by Hall & Library, which had an Insured value ol £4.672,613 at
31st March 2024. The Charlty SORP requires that donated assets are reco8nlsed within the attounts
when the resource is controlled by the charity, it is probably that empected future economic benefits
wlll flow to the charlty, and the hlstorical Cost or fair value ran be measured. Whilst the Trust expects
to benefit trom Income derived from the hiie of the buildin8, It Is expected that any income will just
cover the runnin8 Costs, allowln8 the Trust to break even. In additlon, the property is subject to
restrlctive covenant which reduces the market value to Enll. As such, no rnonetary value is reco8nised
wlthin the accounts.
Fixtures, filtlngs and eqvlpment are depretiated In full In the year of acquisition.
11 Debtgr5
Debtors are measured at thelr recoverable amounts.
11 Cash at b•nk and In hand
Cash at bank and In hand consist5 entlrely of cash balance5 held wlth the Trust's bankers.
kl Credltorj
Credltors are measured at the amount required to settle the Ilablllty.
2 Inv4stm•nt Incom•
2024
2023
Deposlt Interest received
82
All of the Investment income Is attributable to unrestrlcted fund5.
3 An•tys1s ol •xpendltur• on charStible •ctlvllles and support Costs
Support and
4ovèrnan¢• costs
2024
2023
Artlvlty
Total
Total
Independent examiner
278
278
278
278
279
279
4 EmolumÈnts and staff c05t5
The Trust has no employees. A full tlme taretaker and a part time caretaker are employed bv
Sherborne Town Coun¢il, and the cost of thls 15 relmbur5ed by ihE Trust. Lettln8, 3c¢ountln&
maintenance and general supervlslon are performed by Sherborne Town Councll staff. For this servlte
the Trust pays a flxed contribution, currently £5,￿0 p.a.

DIGBY HALLAND LIBRARY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
5 Analysls of fixed assets
Flxtures. flttlngs
and equlpmènt
2024
Flxture5, fSttln8S
and equipment
2023
Cost
Al l April 2023
Additions
At 31 March 2024
424.325
424,325
424.325
424,325
O•preclatlon
At l April 2023
Charge for year
At 31 March 2024
424.325
424,325
424.325
424,325
Net Book Value
6 Analysls ol charltable funds
Fund
n•n
Fund
bal4n¢••
brouqht
lorward
G•ln•
•nd
Fund
bwhnc••
carrl•d
lorw•rd
In¢om•
Exp•ndlturn
Unrestrlcted funds
13,451 59.141
The unrestrScted funds are avallable to be spent for any purposes of the charlty.
7 Related Party Transactlons
Sherborne Town Councll Is the sole Tiustee. The Countll ernploys two caretakers who look after the
Hall, the costs of whom are relmbursed by the frust. The Town Councll also rechaf8es the actual cost
of good5 and 5ervlces ordered on behalf of the Trust. The Trust pays a Ilxed contrlbutlon of £5,fMIO.
p.a. in relatlon to other staff servlces pr￿ded by the Town Council. Wlth effect from November 2022,
the value lo relmbuse for the costs of the two caretakèrs ha5 been reduced by SO%.
Sherborne Town Councll provSded no grant fundin8 durlng the year12023 £nill.
The Slmon Dlgby Isherbornel Memorl?l Trvst wa5 set up in 1989 with an oblectlve 'io benellt the
inhabitants of the Town of Sherborne, The Settlor's wlshes were that the mottles would be devoted to
the malntenan¢e and improvement of the Oi8by Hall, and the Terrace Playing Fleld. The Trust Made
grant5 totalllng £4.80012023= £37,7¢xII durln8 the year to 5UPPOrt the runnlng of the Di8by Hall.
All transactions wlth organlsations to which Counclllors belon& or are as50clated wlth in any way, are
conducted at arm's length.
10