Rice Kitchen Ministries Trust
Statement of Financial Activities for the Year Ended 31 December 2023
Unrestricted
funds
Total
2023
Note
Income and Endowments from:
Charitable activities
19,418
19.418
Total income
19,418
19,418
Expenditure on:
Charitable activities
(13,319)
(13,319)
Total expenditure
Net income
(lJ,319
(13,319)
6,099
6,099
Net movement in fi￿d$
6,099
6.099
Reconciliation of funds
Total funds brought forward
Total funds Ca￿led forward
12,462
12,462
18,561
Unrestricted
fund5
18,561
Total
2022
Note
Income and Endowments from:
Charitable activities
15,501
15,501
Total income
15,501
15,501
Expenditure on:
Charitable activities
(17,494)
(17,494)
Total expenditure
(17,494)
(17,494)
Net expenditure
(1,993)
(1.993)
Net movement in funds
(1.993)
(1,993)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
14,455
14.455
12.462
12,462
All of the charity'5 activities derive from continuing operation5 during the above two peTiods.
The funds breakdown for 2022 is shown in note
The notes on pages 7 to 13 fom an integral part of these financial statements.
Page 5

Rice Kitchen Ministries Trust
(Registration number: 102268)
Balance Sheet as at 31 December 2023
2023
2022
Note
Fixed assets
Tangible assets
2,569
3,211
Current assets
Debtors
Cash at bank and in hand
395
16.417
9.935
16,812
9,935
Creditors: Amounts falling due within one year
(820)
(684)
Net current assets
15,992
9,251
Net assets
18,561
12,462
Funds of the charity:
Unrestricted income funds
Unrestricted funds
18,561
12,462
Total funds
18,561
12,462
The fi
ancial statements on pages 5 to 13 were approved by the trustees, and authorised for issue on
2 tr.. and signed on theii" behalf by..
S Greer
Trustee
V Greer
Trustee
The notes on pages 7 to 13 forni an integral part of these fmancial statements.
Page 6

Rice Kitchen Ministries Trust
Notes to the Financial Statements for the Year Ended 31 December 2023
l Accounting policies
Statement of eompliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008.
Basis of preparatio
Rice Kitchen Ministries Trust meets the definition of a public benefit entlty under FRS 102. The accounts
(fmancial statements) have been prepared under the historical cost convention with items recognised at cost or
transaction value unless othenvise stated in the relevant note(s) to these accounts.
Income and endowments
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with Central staff
costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the asset's use.
Other sUPPOrt costs are allocated based on the spread of staff costs.
Cliarilable acfivilles
Charitable expenditure comprises those costs incurred by the cbarity in the delivery of its activities and services
for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support them.
Tangible fixed assets
Individual fixed assets costino £0.00 or more are initially recoTded at cost, less any subsequent accumulated
depreciation and subsequent accumulated impairn)ent10sses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost OT valuation, less any estimated
residual value, over their expected useful economic life as follows..
Asset class
Furniture and equiprnent
Depreciation method and rate
200/0 reducing balance basis
Page 7

Rice Kitchen Ministries Trust
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary
course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost
using the effective interest method. less provision for impaimient. A provision for the irnpaiTment of trade
debtors is established when there is objective evidence that the charity will not be abLe to collect all amounts due
accoTding to the original terms of the receivables.
Cash and eash eqllivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni bighly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Fund structure
Unrestricted income fimds are general funds that are available for use at the trustees discretion in fijrtherance of
th¢ objectives of the charity.
Financial instruments
ClasslJ7culion
Financial assets and financial liabilities are recognised when the charity become5 a party to the contractual
provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangernents entered into. An equity instrLunent is any contract that evidences a residual interest in the assets of
th¢ charity after deducting all of its liabilities.
Recogiiilioii aiid nieasurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except
for those fmanrial assets classified as at fair value through profit or loss, which are initially measured at fair
value (which is nonnally the transaction price excluding transaction costs), unless the arranoernent constitutes a
fmancing transaction. If an arran￿ernent constitutes a financing transaction, the financial asset or financial
liability is rneaswed at the present value of the futur¢ payments discow)ted at a market rate of interest for a
similar debt instrLunent.
Financial assets and liabilities are only offset in the statement of financial position when. and only when there
exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a
net basis, or to Tealise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the
financRal asset expire or are settled, b) the charity transfers to another paty substantially all of the risks and
rewards of ownership of the financial a55et. or c) the charity, despite having retained sorne, but not all,
significant risks and rewards of ownership. has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled
or expires.
Page 8

Rice Kitchen Ministries Trust
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Derivalivefiiilliicial Insiruméftts
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate
movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are
subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in
staternent of fjnancial activities in]mediately unless the derivative is designated and effective as a hed(ying
instrument, in which event the timing of the recognition in statement of fmancial activities depends on the
nature of the hedge Telationship.
Fair value meusuremenl
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices
are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as
there has not been a significant change in economic circumstances or a significant lapse of time since the
transaction took place. If the market is not active and recent transactions of an identical asset on their own are
not a good estimate of fair value, the fair value is estimated by using a valuation technique.
2 Income from charitable aetivitie5
Unrestrieted
funds
General
Total
2023
Total
2022
Donations
19,418
19,418
15.501
Page 9

Rice Kitchen Ministries Trust
Notes to tbe Financial Statements for the Year Ended 31 December 2023 (continued)
3 Expenditure on charitable activities
Unrestricted
funds
General
Total
2023
Total
2022
Ministerial expenses
Heat and light
Insurance
Repairs
Motor expenses
Accountancy
Bank charges
Depreciation
Telephone, printing, postage and stationery
Travel and subsistence
Sundry
Water Rate5
8,057
467
679
327
1,357
676
174
642
713
8,057
467
679
327
1,357
676
174
642
713
8,643
1,004
I,015
81
1,162
644
86
803
572
3,334
150
176
176
13,268
13,268
17,494
£13,268 (2022 - £17,494) of the above expenditure was attributable to unrestricted funds and £Nil (2022 - £Nil)
to restricted funds.
4 Trustees remuneration and expense5
No trustees, noT any persons connected with them, have received any remuneration from the chaTity during the
year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 10

Rice Kitchen Ministries Trust
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
5 Tangible fixed assets
Furniture and
equipment
Total
Cost
At l January 2023
At 31 December 2023
5.018
5,018
5,018
5,018
Depreciation
At l January 2023
Charge for the year
At 31 December 2023
1,807
642
1,807
642
2,449
2,449
Net book value
At 31 December 2023
At 31 December 2022
2,569
2,569
3,211
3.211
6 Cash and cash equivalents
2023
2022
Cash at bank
16,417
7 Creditors: amounts falling due within one year
2023
2022
Accruals
820
684
Page 11

Rice Kitchen MinistrAes Trust
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
8 Funds
Balance at 31
December
2023
Balanee at I
January 2023
Incoming
resources
Resources
expended
Unrestricted funds
General
General
12.462
19,418
(la.319)
18,561
Balance at 31
December
2022
Balance at I
January 2022
Incoming
resources
Resources
expended
Unrestrieted funds
General
General
14,455
15,501
(17,494)
12,462
9 Analysis of net assets between funds
Unrestricted
funds
General
Total funds at
31 December
2023
Tangible r￿ed assets
Current assets
Current liabilities
2,569
16,812
(820)
2,569
16,812
(820)
Total net assets
18,561
18,561
Unrestricted
funds
General
Total funds at
31 December
2022
Tangible fixed assets
Current assets
Current liabilities
3,211
9,935
(684)
3,211
9,935
(684)
Total net assets
12,462
12,462
Page 12

Rice Kitchen Ministries Trust
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
10 Analysis of net funds
At31
December
2023
At l January
2023
Financing cash
ftlows
Cash at bank and in hand
Net debt
9.935
6.482
16,417
9,935
6,482
16.417
At31
December
2022
At l January Finaneing cash
2022
flows
Cash at bank and in hand
Net debt
11.220
(1,285)
(1,285)
9.935
11,220
9,935
Page 13