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 emplo￿nent 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.
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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 CoMpan￿S 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
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