2020-09-30-accounts

I	ACCOUNTING POLICIES
s	Basis ofpreparation
	These accounts have been prepared an aIransiticnal beats mmring from an eccrusb basis loihe nmeipts end psymenH basis. Both bases ere In mmcrdance with Sectkm 133ChayEes Aet 2011.No adjustment hss been made tothe corn pareil vss fcrthe change of acmmnling	pagcy.
	Hams Hgl Bspssl Church isaregbtered charily (Nw 1153419)snd meets Lke dsgngkm afs public benefit entity under FRS102. Asseb end liebgEas are Inqially recognised st hlstmlcal cast or transackcn value unbss otherwise slated in the relevant
	sccoiiribng policy notes.
b	Fundoalslng and pubECRy coals
	The Church does not make formal appeals for funds end mpendlture an lhasa gems ls therefore nol mstwial.
c	Grants payable
	The Church makes grants loindMdusb and ether arganisslions whose charitable objects ccmpbmenl ils work. They are acmmnted for in the year in which they are paid.
d	Support cosbi
	Support mats are those that assist the wwk cfthe Church but do ncl dirsdly represent charSable ectMlies and Include affice
	ccats end governance cast. Much ofthe management is cerned cut withcul charge by volunteers. This intangible cost is not
	included In the Slatemerri ofRnancal Amlrqies sinoe there is no measurabla mwt tothe volunteers for their servbes.
e	Fkted assets
	The Church kmd md premises end ths Mares are held an behalf cfihe Church by the London Baptist Prsperly Board Limged as Custcdlart Tlustsmi.
	The Church land and premises are the sub)mt ofa long lease fram Oulwieh Estates and the trust deed resklcts the use afthe land
	lothat cfa pubgc place ofworship. In Ihese mrcumstances, it isme opinion af Ihe Managing Trustees that Itis inappropnste to suribute a monetary value Ioa place ofwarship and, wgh eqmi from I October 2005, Ihe carry'ng value hss reduced toa nominal mlus ofL1. Fcrme year from 25FebruoN 2020the insured value ofthe Chumh land end bugdlngs was 26,127,700 f2019' 25,972C03).
	The Manse, purchased in 1998,Is Included at original mmt as, in the opinion ofthe Managing Trustees, the property has a high residual value which renders deprecbqcn charges immatmial.
f	Ooprecisgon
	Provision Is made for depnmisgon cfcomputer end other equipment, fwlures arid flBngs held far use by Ihe Church al annual rates calcubtod tospread the cost Sass enbclpsmd residual value) ofeach asset on a straight line basis aver the aqmcted useful life ofSyears. However, equipment purchases costing less than E5,000ere wrlllelvrm In the year in which the expenditure is incurred. Once such assets are fully depnmisted, Ihe ccetand accumulated depreciation me eliminated from the Financial Statements.
g	Funds
	The General r.und (un eslricted) is available for use althe dis ration cfthe Ivtar:aging Trustees In furmerence ofthe general objemives of the charily and which hare nol been demg naiad for other pumoses.
	Restrmed Funds sre funds which we tobeused in accordance with spemfic resbicficos imposed by dcnom or which hove been ra!Sed by the Church for particular purposes. *ny mmls M raising and edmirilstenng such funds are cnmgea against the specific Mnd. The aim and use ofeach restricted fund issel cut in the Notes lo Ihe Finmciel Statements.