2020-12-31-accounts

			Notes	Total	Total
INCOMING	RESOURCES			2020	2019
Donations,	legacies gtsimilar incoming resources
Activities in	furtherance	ofchairty's object		25,440	30,847
Total Incoming Resources					15431
				25,440	46,078
RESOURCES	EXPENDED
Grants Paid
Charitable Expenditure				4,370	4,747
Management	and Governance Cost			21,039	25,335
Total Resources Expended				1,850	1,725
				27,259	31,806
Net Incomingf(Outgoing}		Resources forthe year		(1„819}	14,272
BALANCE AT	BEGINNING OFTHE YEAR
				73,882	59,611
BAIANCE AT	ENDING OFTHE YEAR
				72,063	73,882

THE REDEEMED CHRISTIAN CHURCH OFGOD (RCCG) ABUNDANT	GRACE TABERNACLE	GRACE TABERNACLE
BALANCE SHEETAS ATYEAR ENDED31DECEMBER2020
	Notes	2020	2019
FlXED ASSETS
Tangible Assets		4,385
CURRENT ASSETS
Debtor and Prepayments
Cash and bank balances		69,596	74,353
		69,596	74,353
SHORT TERM LIABILITIES
Creditors (amount falling due within a year)		1,918	1,960
NET CURRENT ASSETS		67,678	72,393
LONG TERM UABILITIES
Creditors (amount falling due after more than one year)
NETASSETS		72,063	73,882
CHARITY FUNDS
Accumulated Funds	10	72,063	73,882
		72,063	73,882

4.Grant Paid						Total	Total	Total
						2020	2019
Grant Paid (Non-Institutional)
Pastor's Stipends
Administrative Gifts &Grants
						50		100
						50		100
Grant Paid (Institutiona&
Other Chaditable	jiving -UK					750		68
Charitable giving	—overseas
						750		68
List ofMajor Institutional			grant paid
RCCG WEM
						2,370	2,999
RCCG Contribution		—Central Office		support		1,200	1,200
RCCG Contribution		-Area	&Provincial		Office support			380
Festival ofLife8 Other Evangelism				Support
						3,570	4,579
Total
						4,370	4,747
						2020	2019
5.COST OFACTAIITIES	IN FURTHERANCE			OF CHARITY OBJECT
Accountancy Fees						1400	1,200
Rent &Rate
						11,655	6,971
Travel &Subsitence
						56	1,655
insurance &Licence
Refreshment &Hospitality								151
Stationeries, Printing		&Publication				328		988
Telephone, Internet		&Postage						525
Honorarium
							2,470
Depreciation						1,205		477
Administrative
						127		95
Repairs &Maintenance						3,607	8,218
Other Professional	Fee
						900	2,400
Hotel &Accommodation
								107
						21,039	25,335

			Total	Total
			2020	2019
6.MANAGEMENT &GOVERNANCE COST
StaffTraining
StaffCost			1,850	1,725
			1,850	1,725
			Furniture &
7.TANGIBLE FIXEDASSET		Equipment	Fittings	Total
Cost
At 1January 2020		2,651	1,824	4,475
Additions during the year			3,159	4,101
At31December 2020		3,593	4,983	8,576
Depredation
At 1January 2020		2,621		2,986
Charged forthe year		208	997	1,205
At 31December 2020		2,829	1,362	4,191
Net BookValue
At31December 2020		764	3,622	4,385
At 31December 2019		30	1,459	1,489
			2020	2019
8.CASH &BANK BAlANCES
Cash at hand
Bank Balance			69,596	74,353
			69,S96	74,353
			2020	2019
9.CREDITORS: AMOUNT	FALUNG DUE WITHIN ONE YEAR		F.	E
Owings			1,918	1,960
			1,918	1,960
			2020	2019
10.RESERVE(CHARITYFUNDS)
Income &Expenditure	Account b/f		73,882	59,611
Income &Expenditure	Account (current year)		(1,819)	14,272
			72,063	73,882