Charity Reglstratlon 140. 1161746 ST THOMAS NORWICH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 At2GENTS ST THOMAS NORWICH LEGAL AND ADhllNISTRATIVE INFORMATION R￿dDZ￿￿d Prof. J Glwt R84xI T J Mr T Huggin• Revd P J Brrxn Rwd J P•y7KI Revd E L8r# 25 Odobtrr 20201 25 Odobef 20201 (Arw.rt￿ 25 Odob•r 20201 r4rt•d 25 20201 (Apwrt•d 25 0￿ 20201 (AFP￿.rt9d 25 Odobw 20201 (Ar¢￿￿ 25 20201 25 0(xoiw 20201 d 25 Oclotw 20201 (Apr￿￿thd 25 Odcknr 20201 (AFsthrted 25 Odcthr 20201 rMStJo P•tr• S V*tts M• K kqiH8 trPPwk DrHKK Mr O m￿11￿* S Kn•FV Ch•rfty numb•r 1101748 Ind•p•nd•nt •x•mln•r 15 Pa[￿ Street NORIMCH R3 1RT ST THOMAS NORWICH CONTENTS Pago Trustees, report 1-10 ex8minerfs repyt 11 ststement of fin*noal actsvrt 12 8818nc4 shoot 13 Notes to the fln8nclal statements 14-25 ST THOMAS NORMCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 tho flnanclal slatemetts c¢xn* *lth ts dwty's dram)ert, lh• Charth# Acl 2011 •nd Repubfi¢ d Irdand IFRS 1021 l•ffth*¥• l J•wJwy X119)". ye¥, ￿ •ff￿lIve frthl PCC Th¥8 •8tabk•h•Y to of, xc£wrtsbthty ts, th• Organ￿￿0￿8 of The Jcyonym STN l)e•n wjoptod •8 • c4)mrwi thg f(¥ •N tho *￿¥theB. 1118 ilrtoitr*ry•atse wlth Tr the d￿rIty sfwld urthrtake. ST THOMAS NORWICH TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 ACTMTIES AND M5NISTRY Slgnfficant a¢tlvltles The Covi&19 Public Heamh EMery￿¢y preven￿ the APCM happerlng a$ usu81 In April 2020 and thergtse an update on 2020 activlllès beNveèn 1 JanLtary 2020 aftd the APCM, held in Octobet 2020. was provlded ift th8 2020 Trustees, Report. However, for Completeness. this report includes a full revl6w of 2020 8Ctivities. Rev lan Dybl8 was wgned off work vlth exh￿th"On just before Chri$trna$ 2019, and ttms ab8enG6 continued unttl 1 July 2020. At Ihis ￿Int lan retum8d to part-time ministry, but left STN in Octob8r 2020, hgvlng 8ecured a new posrtlors,1gading th8 ￿ Group of thurthes. Due to1on'$ absencg.. The Dioce$o kir¥Jly ¢￿tInued th8 Benef￿ Share redurtion tlwoughout 2020.. The Drocesan Centrt for Church Planting and R￿lts11$￿tItin Progrgmme wa$ ralixalgd fmm St Bamobas lo the Ditic88an offic88 In Easton.. and The Bl$hop of Norw¢h. Grnham Usher, 8ppointing Rev Da￿a Lloyd as acilrvj Prfe8t In Chwge from 8 Marth until 30 June 2020. David wa$ app￿nted inlorim PTi881 in Charge, effective 1 July 2020 a role th81 conts'nL$8d 8fter18n's doparbjre. Revd Dave Hendra was li¢enc8d on 11 June 2020 as Associate Prigsl, Mrtre Ben8fice. Dave's rolg irtlude$ b¢ing s¢to arxl servico Pastor at SIAlban's Church, Grovè ISanL*Jaryl and City College cha￿aIn. Wo are pl8888d to announce th8 R6vd T¢yn Eagles has been appointed 08 lan's suc¢e880r and ￿11 be Ilcenced a8 Prf851 ift Charge of tho Mitre Ben8fice on 31 July 2021. Publ1¢ bon•fft The Trustges have comph'ed vAth thelr to hove regard to th• Charty Comml88ron'$ p￿t¢ bgnefft guidanc8 whon exercising any powers or duties to which the guidanco 18 relovanl. The ways in we have workod for the public bangfit Bre dewb8d in our Report. ST THOMAS NOR￿cH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Wor•hlp 8•rvlc ycxtti. St E•rfh*n Road.. Llhlong knrnlng tr) kn before k>ck4v*n arKI ￿￿Ine thrir¥J lock-dcthn These FrKtsy Nwht Youth. pro¥ide8 a p*e tr yOLng pwpl& to fAve fun and exkn ts Chrislian fath. axl 18 CIM￿8￿ Vthith Gfovt ST THOMAS NORWICH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECE141BER 2020 stN aims to support stud8nt8 in Norwch arKE l￿Ore lockdtysn we ran reguler student hJnch8s ar¥J sludont nights. enjoyed worship. teaching, ministy. food and fun socials, led by and for studonts from both UnNetsities. The Simday 7 servrce w8s also geared tOW8rds students. Durrng lock-down ￿ centred on l- on-1 discipleship, taking the opportunity to rTr￿1 up whère posslblo, fadlRallng 8m811 group Biblè studie¥ and supportlng our sludont cljmrnunity durtng the period8 01 lockdovms and on-llne lèamsng. Students frryn both Vniversrties Sfjgntficanty to th& Ilfe and worship of Benefke. Th PCC rec(Kd8 Ils graleful thanks. Sports Mlnlsty The Spcsrts Factory engaged vnth school8 across t*n8fice, Ixrt at a lower Tate than in pievious years due to parKtemic. To connect vlth young p8ople, a YouTube channel was created. including eont8nt o)vering ysic81 activlty, family lun artd a Go$￿1 mgssagè lan On&lSne Easter Holtday Club was also run). Pilales and nwAy croated Stretch and Pray se$w￿ wore alw tsken on-line ond a 'Game On. potsast creat&l, whi¢h encompassed inlemews wllh leaders and pioné8r8 in Sport Ministrfes. losplt•llty While the Church aims to be welcoming to all. unfortunatéty much of our ho8pitalty adivty wès n8ces8arily put on I￿10 during thg year. Love Your Nolghbour ILYNI The Lovt Your Neiglibour c8mp•gn was a natlon81 resp)nB• to the Covld.19 Pa￿9M1¢ and locally Involved latgè projedg such a$.. Love Chrisimas,. Love Sunday", and Lovo Easter, whwe percels were delivered to key nmunlty groups such as 8tsff In c8r8 Hemes OT te8¢hor8.' and wothlng wSth tt•mmunity Partners such as Food to Gol Thère wgre regul8T projets a$ daity Pre￿P￿0n ddiveries and more gen8r81 assistar ovldgd through a￿￿tieS such as collecling shopplrg, d¢g walking and gardening. Volunte8rn wgrè 81 th8 hèart of thg campaign wlth 60 involved In the projects %n¢e March 2020. Communlc•tlon• STN aimed lo communicats vrith the church momb8r8 and the l￿der communlty uslng as mgny diff8r*nt medio as p0s61blo. Our web 8Ke ContinL￿3 to spearhead to a vldw a￿larKe. Th9 vkl90 was postsd to allow th0￿ nol *tending Church lo sè8 ts is happening at STN. Audio le￿rdi1)y$ of thè talks We￿ al80 pubti8h8d as podcasts and used by around 18 li$ten8rs every mnth in Norfolk 8n¢J beyond. Weekly YouTube videos were published and premiered at 881 times to promote online gètherings and weekly commrtment to communty. The weekly fllm$ followed 8 pattem of 1. A Contempladvo S8rvic8 for STN and the Mlssion P8rtrnrshlp Church8$ 2. A Contemporary 108m Service 3. A live streamed 4pm family 8eMce 4. A 9am 'Kids Church.. In additson lo thi$ Zoom was used for 0￿￿90nal Prayer gafvrings, community quizzes and lor the numerous Hujse GroLaPS Garden Groups to Stay connected through bckdown. Th8 Youth eontinued to meet On 8 Friday night on zoc￿. The Church ir￿e88•d ils use of Facebook 8nd Instagram as 8 way of promoting events and sub8criber8 lo all Our bulldlngs QLrinquenntal ins￿¢1$.9ns {the Church of Englands fiv&yeady propffity inspection) took p￿0 at all three church buildings in 2018. Duo to Cov¢d-19 no work was uTrJe¢tsken in 2020 toward$ addressing any of the issues raised in the inspection report ST THOMAS NOR￿cH TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 St B•rn•b*• Boat 8tyJnry C84U• Évents. COV7D trw• dl h•J to 81*)p. txrt thod LYN to ¥Jgllw lood Firw*c• tsam In flndhg fUr￿lty fty roolwovk ￿ tKth I￿ CPKxc* ￿k1￿j8. STN GfO¥• Walk Iln th• 8t Alb•n twlldlnq) The Santhwy crfeg stop many Irkn I1￿ dxxth thelr fir* lkn• the Our onllno Sunday •OrV￿•• h•ve gxpw"menthl, InlJ•ny wlrKJ •t•pY YOUTU￿ 'Shw•' from t bo￿ • bwi for FrKJ•y NW •wJ St ARw'• o•n in ftrst Iwlw of2021. m•lntalned at • level eqLdv•lwrt to at two fflryth'8 •yndnur•. th•t re8•ry•1 at th18 *lll •rffjure Ihat, ebwrt ￿ a t*cp In ftrty. tlw ¥•lM b• at4• 10 I in kq•c• lo mltlgat• •xpo*ffe to ts mofv rf•ki r11￿ty. ST THOMAS NORWICH TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Or9&nisatlonal $tructur• STN is the overall St Thoma$ Churth. This is rwsterod th8rlty 1161746. Although a joint PCC began op8ratsng aeross th8 benefie* in 2017, only tho PCC mèmbors 019c￿￿ by tho St Thomas Parish, the In￿MI)￿nts and the Sl Thomas w8rdens are the Truste0$ ofthis d)8tlty. st 8amaba$' PCC focused ￿ the i88L￿6 fwng that church, wthllst olso baing of tho STN PCC. St Bamaba8'8 PCC publi$hes tts TePQrt. Ther8 ￿ntinUed to b9 no electoral roll or PCC for Sl Alban8. WAth the STN wafdgns. viws and STN PCC Seuew Scling as 8 gDvemanc* for S¢Albans. Prior to tha Octob8r 2020 APCM, STN w8s overseen on a day-ltrday basls by the Exacutlve Commlttee, the standing ￿mMittee ofthe PCC, bLrt a sub6tsnlial change to the perwnnel ofthe PCC 8nd Exe¢xJts'vg Committee occurr•d al thatAPCM and in light of that tho Executive Committee was disbandod wllh Qvw￿ghI of activitsas being faalitstsd by a now Standlng COMM￿88 and PCC. Al the 2020APCM. the Churth Wardens stepped dovm. ￿me PCC members r881gned *l)Ilst oth8rs did not 80ok rwleclion. At thg same tkn8. we weleome¢J el8cte(J w8rdens, and a new PCC. An inl8rim Treasuror was *ppolnled at th8 Novemtfr PCC meeting. We ale gr*eful for the commitment of Iheso voluntows past and pro8￿1 In this challenging tlmt of Ir8nsitk*n for the Churth. Thè Church In th[3 pts￿0d also began lo think of1ts8lf mor• a$ 8 ne￿￿rk of churches or a 'f8mily' of chur¢hg8 thal18 dlveTSO and unlfi•d, gthtrrod 8nL1 Kottored. STN Church io t￿ W that dollver8 811 worship, evangelism and mlsslon work. The Spots Factory r8 an operatlon of STN v￿th a spth'ng focus. It 1$ a cosl Gentre wthin STN, and 11 1$ r86pon&￿.Ilty ol the Sport8 Factory team to wk their funding through grant aid and by Selling sorv¢¢ès lo hools. The acUvitl88 ar818d by Henery. STh Tradlng Ltsl ISTNT) 1$ * regkt8r8d cg)mpany. n￿Trb￿ 09928322, V41th STN b8lng the sole sharehoJd8r. STNT exlts to develop Christian commuiNty through hospitalty and owns and ¢)perale6 The Mitre and had landlord responsibilities for the Ru86ell Stro8E Communty C8ntre unlll eTrJ Dfj¢ 2020 vthon Ihe lease wa$ r•linquished and ran thè Sanctuary Coffeè Shop unts'l Q4 2020 whèn r6spon8ibilty was handed bad( lo Sl Alb8ns. A new manag•T ol the Milro was appointed In 2019 with a view to providlng a strong 8nd stable fln8nd81 base from the frARre could begln to develop missional initiative$. Covid 19 obviously disrupted thi8 development but buBiness is rfjopening and so tho miw'on of STN through the Mitre 18 being refrestted and rarwthl for posl-covid Norwch. STM TntsL Thls ¢*arity, {regislered charity 11002361 is fccused on cclnmunity and ￿101 action. It has its own TFu8tees, whlckn ind￿je Rev David Lloytt, 8nd four other members of STN Church. I n light of a (*8nga of CEO in 2019 STN unilertook a review of ils mission and I￿6. amerging Cov¢d crisis in 2020 saw STN Trustf￿$ its resourtss on SUPPOTting a broader range of ￿mUnty ath'on by seed fvnding oulward looking missional in￿a￿VeS vthhin STN. This indudes the support of the Missional Communty House in Wost Earfham1ar￿ a$$ociatod F¢Jod Distn'bution and Commurmty Carel. the appointment of a Sports Factory worker and a part-ts.me LYN Misson C(￿Ordinator. ST THOMAS NORWICH TRUSTEES. REPORT IcoKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2020 ¥￿th th Church ROwe￿nI8t10n RL nv4¥ StandlrvJ CommNte• w8B ele¢X•d. Th& Ex￿%￿11• Ccffimiiteo cw•l•J ol Rav•. Iw Dave Uoyd Twry Buth￿1 Th• Sl•ndlng Commltt•g loffectP*• OdL*w 2tr201 ts m&g• w of RtrA. Dw4• Lltryd ar￿ D•ve Herrtjra, Juli• Jor￿8 w)d Davkl Vknn•kl Trn 9￿81*r￿ Ch•*l. IS•ryetaryi. Mwk Th• R•vd lan Oybkn, ICha*mvt)- r•ilw*d Othb•r 2020. Th• Revd Dw• LW. Ir*•rtm Prlogt In r*w Thè R•v(l V4ttthn, CLW•t• Thè R8¥d D•ve Al￿¢1*0 Prt••l IStA*•x) The Revd PJ 8rombley, Curat• Tho Revd Mm Vktt8, Cw4t• Th• R•vd Ed L4rrtl, Auoc4* D￿na Timm¥, R•ad•r Churth Ward•n• El•cl•d M•mb•rn 2020APCM Twry Ir•d• cwo11r￿ JCIN￿n (rtr•b&*wJ) Selina V*lt4 Kim MdL8 Phil Parker H8nr*h DUn￿n Tom rK)t geek rtrel8(kn al 2020 APCM ST THOMAS NORWICH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Dttanory 8ynod Repre8ontatlv•s John Glauert ISTN Treasurer. RtisIg￿d TreasLllwhlp 2020 APCMI Swah Knapp- EleL%ed 2020 i St John- Elocted 2020 Roger Timms- Rosigned 2020 Mombèrn from St Alban. ChuTchwarden'. David Womald- appointed 2020 Elected m8mb8rs.' Bonrte W160n, Adrian Munn M•mbèrn from St Barnabas Churchwardon.. Te¥ry Burkt Ele¢ted memb8fS.. Paul El8ey", Norma Broadest., Carol Marshall-Nichol$ BeckyAnder¥¢n and Alex Seller¥- re*gned In 2020 Cl•ryy ¢hang•s 18n t￿ble left in Q4 2020. Dave Hondra lolned Q2 2020 El•ctoral Roll Or￿Y ￿￿￿11318<1 on the elethrnl roll may v(Ae in the elgLtrrf6 to the PCC. Under the Church Ropresentatson Rules, 8 new Elodoral Roll has lo bg completed every 6 yeats 8nd 2019 W8s one ol th0$0 years. Al St Bamoba$, Ru8$011 Street. the roll compris88 8 total of 28 members, 12 of whom aro re$ld8nt in the parish. At Sl Thomas, Eartham Road. th8 roll compris88 o tot810121)O mom￿r$. There Is no doctoral rdl at StAban, Grove Walk., people are part of the Earth8m Road roll. Stsndlng Commllts• Revs Lloyd, HerKlra Julia Jon¢8, David ￿￿mi91d (Church Wardenyl mm Swooling Ivict Chair) C8Toline Johnson IPCC Secretary) Mart( Jone8 {Treasur8r- interim) The tru8le&8' Tgport was aFqxoved by tr* Board ofTru$t8e8. Rovd D Z Lloyd Trustee Dated: 10 May 2021 10- ST THOMAS NORWICH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST THOMAS NORWICH R￿pON¥1b11Itkn and bv1• of ¥•port aC0yd•r￿ the reqU￿•Ments of clwtt￿Ad 2011 (th• 2011 Ao). tha 2011 ACL In carryina my èxthn•kn I h8¥e It* fvi ty th• Ch•rtty COMMI￿On ••alon 145<6Mb) ofltre 2011 fv Sirtce ts charty'8 gross Incomo exc•thJ £250,W) y(*x ex•ntw b• 8 membw of * Wod In member ol ICAEW. on• oltts AcwLmliro and by Chant*s ￿Ing tr￿r wlh Fln•rwl R•Fthr¥J Standard appllcabl• In tho UK •nd Rowl* of Irdw#l IFRS 1021 to Ac￿n￿rWa aThJ Rep￿ing by Charkn'e8: Staterrwrt ol R•DJnmend•d Pr*Ak• 2(th l• referred lo the extant regulattw tyjt has boon ￿drThTb. 1ft8f 1 knu•ry 2015. thg examinBtion m• ¢•Ae to boli•¥* Ih•t In r••p** or ¢ounbnq rec•)rdJ k8pl In r•¥p•a d th• •s iooJr*J 130 01 ts 2011 k*.. th fin•ndal th) ac£ttd trKJ•• TKf*ds, or ¢onlwl of a￿nts sèt wt in ts Ch•rlts￿ {Acg￿nts R•ptytsl 2008 alhw lh￿ Mark Johnslone FCA Ar9rtAcwnI￿11 Lmnited 15 Pdaco Str•8t NORWICH Nfyfolk NR3 1Frr Unlt8d KIr￿n Dated.. 18 M8y 2021 ST THOMAS NORWICH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 Unrnstrl¢ted Rèstrlctèd funds funds 2020 2020 Totsl unrestr￿ Rèstrictsd ds funds 2019 2019 Total 2020 2019 Note5 Donations and Wacses CharTtable ath"vits"os Other Iradlng adivitie8 Inv68tmen18 other inwme 352,033 3,615 22,327 14 2,491 49.oe6 401.699 3,815 22,327 14 2,491 404,133 3,827 47,100 17,790 421,923 3.827 47,507 60 714 407 714 Total Incom• 380,480 49,8e8 430,146 455,834 18,197 474,031 Chartt#ble ￿tiVi￿a8 301.234 41,299 342,533 405,605 17,850 423,455 Il•t In¢omlng tr*n8fgrB 79,246 8,387 87.813 50.229 347 $0,576 Gloss transfgrs 10.153 110,1531 10.800 {10,8001 Net Incomelloxp•ndltur•l for th• yoarl 14•t mv•m•fit lfi funds 89.399 11,7881 87,613 81,IY29 (10,4531 50,576 Fund bal8n¢e8 at 1 J8nuary 2020 635,542 15.809 851,1 $1 574,513 26,062 600.575 Fund balancos •t 31 Docèmb9r 2020 724,941 13,823 738,764 635,542 15,609 651,151 The statement offinawal a¢Al￿treS indude$ 811 gains ￿dIO$s88 [ewJnI￿d in the year. All income aThJ exkxnditure dgrive from Continuing actr'vities. 12- ST THOMAS NORWICH BALANCE SHEEr AS AT 31 DECEIA8ER 2020 Flx•d •M•ts Tanwbté ts1• In¥è•trr*nt¥ 14 71,378 09,280 71.379 89.261 Debtorn folllng due after fft y•ar I￿ling due tA4ifin y C8#h at t￿nk and +n hY#Y 16 811,IXXI 15.038 58.873 9,576 35,138 Crndllor•: •mounl• hlllng du• r**hln on• y••r 884.911 642.712 (17.528) (80.822) 087.386 581.890 Total •M•ts l•M cun•nt 730.764 651,151 thcom• fund• Restricted fLmd• 19 13.823 15.809 D88Wated 7.074 717. 7,874 827,868 724.941 835,542 738,784 651.151 Revd D Z Ltyd 13- ST THOMAS NORWICH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlftg pollcles 1.1 A¢counttng eonvgfitlon The financial Ststefflefjts have been prepared ift aCCord8r￿e the Igovorning dowmenti, the Charities Act 2011 and 'Ac￿nting and Roporting by Chafities". St*emenl of Recommended Practice applicable lo tharlti&s weparlng their accounts In awrdance thè FInanc￿l Reportlng Standard applicable in tho UK and Republic of Ireland IFRS 1021 {effèct¢ve 1 Janu8ry 2019)" The charity is a Public 8enéffl Entity as defined by FRS 102. The charity ha$ tsken adv8nt8ge of thg provlslon8 In thg SORP for chariti88 aPpI￿n9 FRS 102 Updata Bulletin 1 nol lo prop8re a Ststsment of Cash Flow5. The financial StsteM￿￿S havè dep8rted from tho Charill88 (Acco(￿ and Repyis) Regulatlons 2008 only to the extent required to prowde • true and fair viow. This Ilyrtwo has involved tr￿l￿n9 tho Statement of R￿QMMended Pra¢tth IN charit￿$ applwng FRS 102 father than the verrion of the St*emenl of Recommended Practlce whlth Is roferred to in the Règulation8 bul whlch has slnce withdrawn. The finandal 8tatemerrt8 are prepared In *erflng, whlth 18 fv functiond currency of ch8rlty. m￿et￿Y amount8 In thése flnancid $taièm8nts 8re rounded to tht n8are8t £. f¢n*ncW 8tatsmants havo b•en prwred undor th8 hl8tori¢81 I￿$t C4)nvendon, modlfiod to In¢lu¢Jfj thg revaluallon of freehold propwb'&s and to Inv6slmonl woporti88 and certaln finandol irwtrum6nts at tsir value. The principal acwnung pol5¢tes adoptad are set out bglow. 1.2 Golng con¢•m At timè of jpprovlng th• financlal 8wèmnts, th• Irutsts•8 have a rea8onoble expe(x4ti￿ that the charity has adeqijole resources to continue in operational axistenco for the foroseogble lulure. Thus the trustees conJnua lo adopt thfr going concem ba￿5 of arxounting in preparing the financial statements, 1.3 Charltsbh fttnd$ Unreglricted funds are av8llable for LKe at tre dl8crgtion of the tru8toos in ftwth8ranco ol thdr charllable oblocbves. Restricled fwd8 arg to condllion8 by donors 88 to how they may te U88d. The purposes and uses of reth(Aed fund$ are 8et ¢yJt in the notss to the flnandal *atemerrt8. Endowmgnt fund8 8ublect lo Specific by donors that the capltal must b6 maint￿ned by tho d)arlty. Explanat￿ of of the fijnds are irKluded vAthin tho tru8t•es TeFOrt, some of them do not requiro further ¥xplanation, the dgtails of the others are listed below. Organ & cl8ssic#I music fvnd.. St Thomas has a church organ which has b8an appreciated by many in past dec8(les, th) rai8e(I funds for ts maintenance, repair ar¥J perfmance. Choral directorlMu&c sthd8r fvnd." During earfy 2018 a Part Time thoral & dwbcal music person was employed. They were fvnded partly through spee4fic grants gave rise to this fund. 1.4 In¢ome Income is recognis8d when the ¢harity is 189ally antitkni to it after any p8rform8nc8 conditions have ba8n met, the amounts ¢8n be measured r81iably, and it is probable that itxome wll ￿ reoeived. 14- ST THOMAS NORWICH NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Accounttng polkl•s ICondhu•d) dl•lrlbthth, the kr￿￿Tr, i• expett•d. 11 Th)t kw*n, tr* I•Jw h treated 1.0 Exp•ndltur• LlabllltJ6s are rec(9￿￿ 88 exp•nthttxe ￿ af*)n •s tr*e li a189* (Y r•quired in f•ttloment ar¥J th& of t￿ c1s￿3a￿ C￿ b8 m*•￿￿0￿ r•lwbty. EX[￿(￿1￿re i• 8¢CfrtJnied lor on an basis ha$ boen do8wIknI uxlor Ihat 9gW•We 41 cost rnkgtad 1.1 Tanglbl• I￿•d •n•ts Tawlble Ilxgd Irltfrally meMw•d * co•1 al co•t ry nat Ihelr u8efil Ilvu on the fr￿kN￿n0 bmej". Plant •nd 33% cffi crAt 1.7 Flx•d u••t Inv••lm 1.8 Inylnn•nt of fix•d a•••t• 1.9 Ca•h *nd c•Jh •quJvil•nts C86h and c88h ewivakn18 Includo ￿$h in hw#l. depr*ts held at cdl bwths. th th14onn k'qiid 15- ST THOMAS NORWICH NOTES TO THE FINANCIAL STATEMENTS (co￿riNuED) FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting pollcles {Continu8dl 1.10 Fln•nclal Instrumonts The charity has elected to wty the provi8ions of Section 11 'Basic Fin8n¢ial Instruments, and Section 12 'Oth8r FÉn8nc4ai In8trumgnts 158Lte8' of FRS 102 to all of ils financial instruments. Financtal instruments ar8 re¢ognis¥d in the charttys balance sheet th8 charfty b8ceffi8s paty to the contractual provisSons of the instrumtsnl. Financial assets 8nd liabilities are offset, vhth the net amounls presented In th8 financlal stslements, when there is a legally ￿forceabla rfghl lo set off the recognisèd amounts and there Is an Intèntion lo setttè on a net bas18 or to rn*118e the awt and 8etUe thg li8btlity 8imutt8néoL$81y. B•$lc flnanclal a880ts B8sic finanrA81 as88ts, which Include debtor8 and cayh and bank balances. 8re inibally m￿Sured 8t transaction prica indudin9 transaction costs and ar8 8ub8equendy carried at amortised cost using th affectivo interest method u￿886 the afrang8ment ccffjstitLrtes a financing transaction, vthere the transoction Is mèasured at pro8enl value of the future rec8ipt8 dlscountéd at a market rate of Inter681. Flnancial 8s8818 d888ffied 88 reeelvable wthin one year aro not 8mth8•d. Btslc financlal Il*bNItI•8 Basic financial liab¢lilies, including creditors and bank loans ore ini118lly recognised at Iransactlon price unless the arrangement consts'tutes a financing tr8ns8ction. where the debt Instrument is measured 81 tho prèsènt valug 01 the future paym8nls dI$￿￿ntod at a mark•t rat6 of SnteTest. Finandal 1olllMes dassthèd as payable ￿thin one year are not amorts"sed. Debt Instrumonts 8re $ubsequenlly carried 4t amortr88d cost, uslng effecllvo interest rale methtsj. Trade cradilors are obligations to p8y for goo CJin&ILuÉu ST THOMAS NORWICH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 20 D•*n•t•d funds The income fund8 of the charity include the Idlowng design8led fL¥rth which have been sel 88id& out of unrestricted )lJnds by the trustsos for specific purposes.. Movomont In fund$ Incomth9 rg8oiMc••1 J*nu•ry 2020 Mov•mont In funds Incomlng BDknncè at r•wureo 31 O•¢•mbor 2020 1 J•nuAry 2019 Organ and cl8S8Fcal mu8k fynd 7,874 7,874 7,874 7,874 7,874 7,874 21 Anatysh of n•t a•8•ts bet*wn fvnd• UnrMtrlct•d RMtrlcl•d funds fund8 202f ' Totsl Unrgslricted Re8lrlcted funds funds 2019 2019 Total 2020 2019 Fund balgn(*s 8131 December 2020 ar6 representsd by.. Tangible assets IrNeslments Current asse 71,378 71,378 89,260 89,280 653,582 13,823 887.385 568,281 15,609 581,890 724,941 13,823 738,764 635,542 15,609 851,151 -24- ST THOMAS NORWICH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 StThom?s Tnmt Linftwj. 11(MY236. t50.(￿ K> Sl NcThth wi 2017. Durin9 2020 repaymwits ¢x#ttlnwl to tL*aUry £13.889 •xl £75 been c*•1 kn0v1￿ • In addthn thJrir¥J Sl Trust Limthj of Q1.(NJ). £15.LKN) of w St 8¥natAs loarwj St Tkno% £18,(m m 2019. a8 al 31 2020 If4$ ryd ￿ fiAI. TradKw Ltd Sl P*Jr*Y*t £611,¢JXI ￿thI2019. £598.(￿), trwe we Th)