Rice Kitchen Ministries Trust Trustees, Report The trustee5 present the annual report together with the financial statements of the charity for the year ended 31 December 2022. Objectives And Activities Objecls and aims The objectives of the charity are to help people in the Phillipinoq in the following Wdy5'. To relieve poverty through the provision of financial supporL housin& clothing or food, through receiving educational and improved employment opportunities and the adoption of a moral frarnework which encourages people to be good citizen5- The provision of facilities in the infrrests of social welfare for recreation for such people who are in need as a result of their ag4 infirmity or social and economic circumstances through the provision of facilities. receiving educational and improved employment opportunities. Advancement of the Christian religion by providing access to public worship, religious publications including sacred texts and literature. Other charitable purposes beneficial to the community through the provision of charitable support. Public benefik Those living in the Phillipines will benefit in the following ways: Through the provision of financial suppor( housing, clothing or food; Through receiving educational and improved employment opportunities and the adoption of a moral framework which encourages people to be gocNJ citizens. Through receiving educational and improved employment opportunities. Access to public worship, access to religiou5 publication5, including sacred texts and literature. Through the provision of charitable support. Through receiving educational and improved emplonent opportunities. The trustees confirm that they have complied with the requirements of the Charities Act 2008 to have due regard to the public benefit guidance published by the Charity Commission for Northem Ireland. Fingncial instruments Objeclives andpolicies The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principle5 on the use of financial derivatives to manage these risk5. The charity doe5 not use derivative financial instruments for speculative purposes. Casliflow risk The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. Credit risk The charity's principal financial assets are bank balances and cash. Liquidity risk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operatlODS and future developments. the charity use5 5hort-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial ststements. Page 2
Rice Kitchen Ministries Trust Trustees, Report (continued) Statement of Trustees, Responsibilities The tru5tee5 are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to ¢harities requires the trustees to prepare financial statements for each finan¢ial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity ftir that period. In preparing these financial statements, the trustees are requird to: Select 5Uitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless tt is inappropriate to presume that the harity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulariti¢s. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable CoMpanS website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on 2 June 2023 and signed on it5 behalf by.. S Greer Trustee Page 3