Rice Kitchen Ministries Trust
Statement of Financial Activities for the Year Ended 31 December 2024
Unrestricted
runds
Total
2024
Note
Income and Endowments from:
Charitable activities
12,861
12,861
Total incorne
12,861
12.861
Expenditure on:
Charitable activities
(19.315)
(19,315
Total expenditure
19,315)
(19,315)
Net expenditure
(6.454)
(6.454)
Net movement in ￿ndS
(6,454)
(6,454)
Reconciliation of funds
Total funds brought forward
18.560
18,560
Total funds carried fonvard
12,106
Unrestricted
funds
12,106
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
(13,319)
(13.319)
Net income
6,099
6,099
Net movement in funds
6.099
6,099
Rcconciliation of funds
Total ￿ndS brought forward
12,462
12,462
Total funds carried forward
18.561
18,561
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 202J is shown in note 8.
The note5 on pages 7 I'o 13 form an integral part of these financial statements.
Page 5

Rice Kitchen Ministries Trust
(Registration number: 102268)
Balance Shect as at 31 December 2024
2024
2023
Note
Fixed assets
Tangible assets
2,054
2,569
Current a55ets
Debtors
Cash at bank and in hand
528
11,045
395
16,417
11,573
16,812
Creditors: Amounts falling duc within one yeAr
Nct current assets
(1,521)
(820)
10.052
15,992
Net assets
12,106
18.561
Funds of the charity..
Unrestricted income funds
Unrestricted funds
12,106
18.561
Total funds
I2,106
18,561
The financial statements on pages 5 to 13 were approved by the trustees, and authorised for issue on 29 August
2025 and signed on their behalf by..
S Greer
Trustee
V Greer
Trustee
The notes on pages 7 to 13 form an integral part of these financial statements.
Page 6

Rice Kitchen Ministries Trust
Notes to the Financial Statcments for the Ycar Ended 31 December 2024
l Accounting policies
Statemcnt ofcompliance
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 SOIU) (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 prcparation
Rice Kitchen Minislries Trust meets the definition of a public benefit entity under FRS 102. The accounts
(financial statements) have been prepared under the historical cost convention with items recognised at cost or
transaction value unless Othenvise stated in the relevant note(5) to these accounts.
Income and endowments
Expenditure
All expenditure is recogni5ed once there is a legal or constructive obligation to that expenditure, it is probable
settlement is requir¢d and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Wh¢re costs cannot be directly attributed io
particular headings they have been allocated on a basis consistent with the use of resource5, With central staff
COSt5 allocated on the basis of tim¢ spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Cliarilffble nclivilies
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for it5 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 C05ting £0.00 or more are initially recorded at cost, less any subsequent accumulated
depreciation and subsequent accumulated impainnent 105ses.
Deprceiation and amortisation
Depreciation is provided on tangible fixed assets 50 as to write off the cost or valuation, less any estimated
r¢sidual value, over their expected useful economic life as follows:
Asset clgss
Furniture and equipment
Deprcciation mcthod and rate
200/0 reducing balance basis
Page 7

Rice Kitchen Ministries Trust
Notes to the Financial Statements for thc Year Ended 31 December 2024 (continued)
TrAde debtors
Trade debtors are amounts due frotn customers for merchandise sold or services perforn]ed in the ordinary
course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at arnortised cost
using the effective interest method, less provision for impairrnent. A provision for the impainnent of trade
debtors is established when there is objective evidence that the charity will not be able to collect all amounts due
according to the original temis of the receivables.
Cash gnd cash equivalents
Cash and cash equivalents comprise cash on hand and call dep051ts, and other short-tern] highly 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 ￿ndS are general funds that are available for use at the trustees discretion in furtherance of
the objectives of the charity.
Financial instruments
Classificftlloii
Financial assets and fLnancial liabilities are recognised when the charity becomes a party to the contractual
provision5 of the instruTnent.
Financial liabilities and equity instruments are clas5iFied according lo the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a resRdual interest in the assets of
the charily after deducting all of its liabilities.
Recogiii(ioii ftiid iiieasureineiil
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except
for those financial 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), unle55 the arrangement constitutes a
financing transaction. If an arrangement constitutes a financing transaction. the financial asset or financial
liability is measured at the present value of the future payments discounted at a market rate of interest for a
5irnilar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when. and only when thei'e
exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a
net basis. or to realise 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
financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and
rewards of ownership of the financial asset. or c) the charity, despite having retained some, but not all,
significant risks and rewards of ownership, has transferred control of the asset to another paty.
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 Dccember 2024 (continued)
DerivaÉlvefinanciffl iiislrunieiils
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 in5trurnents 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
statement of financial activities immediately unless the derivative is designated and effective as a hedging
instrument, in which event the timing of the recognition in statement of financial activities depends on the
nature of the hedg¢ relationship.
Falr vftliie measureinenl
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 activities
Unrestricted
funds
General
Total
2024
Total
2023
Donations
12,861
12.861
19.418
Page 9

Rice Kitchen Ministries Trust
Notes to the Financial Statemcnts for the Year nded 31 December 2024 (continued)
3 Ekpenditure on charitable activities
Unrestricted
funds
General
Total
2024
Total
2023
Ministerial expenses
Heat and light
Insurance
Repairs
Motor expenses
Accountancy
Bank charges
Depreciation
Telephone, printing, postage and stationery
Travel and subsistencc
Water Rate5
5,736
1,134
I,321
5.736
1,134
1,321
8.057
467
679
327
1,357
676
174
642
713
2,374
721
97
514
598
6,576
244
2,374
721
97
514
598
6,576
244
176
19.315
19,315
13,268
£19,315 (2023 £13,268) of the above expenditure was attributable to unrestricted funds and £Nil (2023 £Nil)
to restricted ￿nds.
4 Trustees remuneration and expens¢s
No trustees, nor any per50n5 connected with them, have received any remuneration from the charity during the
year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 10

Ricc Kitchen Ministrles Trust
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
5 Tangible fixed assets
Furniture and
equipment
Total
CDSt
At l January 2024
5.018
5.018
At 31 Dec¢mber 2024
5,018
5,018
Depreciation
At l January 2024
Charge for the year
At 31 December 2024
2,450
514
2,450
514
2,964
2,964
Net book value
At 31 December 2024
2,054
2,054
At 31 December 2023
2,568
2.568
6 Cash and cash equivalents
2024
2023
Cash at bank
11.045
16,417
7 Creditors: amounts falling due within onc year
2024
2023
Accruals
1,521
820
Page 11

Rice Kitchen Ministries Trust
Notes to thc Financial Statements for the Year Ended 31 Deccmber 2024 (continued)
8 Funds
Balancc at 31
December
2024
Balance at I
January 2024
Incoming
resources
Resources
expended
Unrestricted funds
General
18,560
12.861
(19,315)
12,106
Balance at 31
Dccember
2023
Balanee at I
January 2023
Incoming
resources
Resources
cxpended
Unrestrictcd funds
Geiierlll
General
12,462
19,418
(13.319)
18,561
9 Analysis of net a5set5 betiveen funds
Unrestricted
funds
General
Total funds St
31 Dcccmber
2024
Tangible fixed assets
Current assets
Current liabilities
2,054
11,573
(1,521)
12,106
2,054
11,573
(1,521)
Total net assets
12,106
Unrestricted
funds
Gencral
Total funds at
31 Dcccmber
2023
Tangible fixed assets
Current assets
Current liabilitie5
2,569
l6.812
(820)
2.569
l6.812
(820)
Total net assets
18,561
18,561
Page 12

Rice Kitchen Ministries Trust
Notes to the Financial Statements for the Ycar Ended 31 December 2024 (continued)
10 Analysis of nct funds
At31
December
2024
At l January
2024
Financing cash
flows
Cash at bank and in hand
16,417
5,372)
11,045
Net debt
16,417
{5.372)
11,045
At31
December
2023
At l January
2023
Financing cash
flow5
Cash at bank and in hand
9,935
6,482
16.417
Net debt
9,935
6.482
16,417
Page 13