R•gi•t•r•d Trumr. 07662565 Ch•rity numb•r: 1142788 KHOO TECK PUAT UK FOUNDATION (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
KHOO TECK PUAT UK FOUNDATION {A company Ilmlt•d ty guar•nl•el CONTENTS Page R•f•r•ne• and admlnlslr•tlv• d•l•ll olth• cofflp•ny. Its •nd •dvl••rn Trut••s' rnPt rru•t•H' vMp(¥n•lbilltl•• Ind•p•nd•nt •ud5torf¥ r•port on th• Ilnan¢l•l •tst•m•nt• 7-11 St•t•m•nt of flnancl•l Kilvltl• 12 8alanc• •h••t 13 Stat•m•nl of c••h flo 14 Nol•¥ to th• Iln•n¢l•l •l•t•m•nt• 15-26
KHOO TECK PUAT UK FOUNDATION {A company 1Smlted by guarante•l REFERENCE AND AOMINISTRATIVE DETAU OF THE COMPANY. ITS TRUSTEES ANO ADVISERS FOR THE YEAR ENDED 30 JUNE 2021 Tru•t••• Ma6 Tr Eric Khw 'M Hai. Trts# Company r•gbstsr•d numb•r 07662565 Ch•r5ty r•gl•t•rnd numb•r 1142788 R•gl•t•f•d offl 5 Fl8•t L¢)ndon EC4M 7RD Comp•ny Hcr•tary Halcts Soc¥*ii68 Lwnit•d IndwfKl•nt •udltor ick Alit LLP Chartw•d Accounlants sta1 Audlt 16 Great 12ueen Strofrt Covent Garden Ldon WC2B SAH Page 1
KHOO TECK PUAT UK FCKJNDATION IA company IlmFt•d by 9uarantse) TRUSTEES, REPORT FOR THE YEAR ENOED 30 JUNE 2021 The Tru8ts95 pr858nt thr annual rnpc#l tcgether ilh th8 audit•J financial Stknfflts of tho ¢ompany th yèar 1 Juty 2020 10 30 Jun8 2021. Tho Annual report serves thg purptsw of a Trust8as' roport and dir8clors' r8PC¥t under ccrfnpany law. The Tnjslees c&)nfirm that the Annugl rgk¥)rt and fanCl statements of the charilable company comply Ihe r1[ent slJtutory r9quir&monts, Ihfr requirements of the tharitsble ci)mp8ny's goveming docurnent and the provrsh)ns of ts Slatémént of R8commended Pracbce ISORPI applicable to charities preparir¥J their accounts in gccwdanca tha Financial Rep11 Standard applicable the UK and Rep&Jlic ol Ireland IFRS1021 l•ff8dive 1 janu 20191. Sinco the cofflpany qualrfw as 8mall 382 of th& Compwl88 P£t 20L%. the strateg report requir8d of medium ¢(npans urth the CLpaniO9 Act 2(Th (Strategic Rep)rt and Diredors, Report) Regulati3 2013 ha8 bgen (xnittgd. Obl•ct5v•• •nd •ctlvltl•• . Pollch• •nd obJ•ctl¥ Th& Fou18t10n'j obi•th88 arn: . th8 prnvenllon (Y rnIf of poverty or fjnan¢ial hdI ol Ihe public . the advan¢wMnl ol th• •Ju¢alb)n oftl wblk . tho rd•f ol gi¢kness •r#J the pras•ThatiC and advancoment of the heth oftho pJUic . tho promotion and advanc•ffl ol tho arts. or xierK•. In sotbrvd oblo¢¥vgs a1 F4anning for 8ctMbes. tho Tnjstses havo gNen due considerntion to gen8ral guxlanc published by the Charlty CcrfnmlssMJn roLil¥yJ to Wc benefJL gwdwc&'Puf¢ benefrt." running chaflly IPB21'. b. Gr•n¢wm•klng polkl Th& Foundation 11 make grants to Lhor r•Jlst8d charilfjes lo supwt Ih81 futhw tho Fcwndgtw's obj¥¢tivg$ gnd tharo has bean change in this p)Iw duriTrJ the period. The Trustees have pahj duo lo guidwce lj¢nofit iuuod by lh9 Chwity hi d8cbJlng whal advItS tho FoundalK)n shoukj und8rtake. The Twtoos ¢orthr thgt any rgadw b• satisfied the aclionB ol Ihe FOUndab w(xk towar(l$ its obJgth'vg5. c. Maln actlvttl•4 und•rt•k•n to furth•r th• cOmp•n$ wrpoM• forth• wbll¢ b•n•fft During th8 curront p8rKwJ. th8 Fovndatton has derived renlal ino)mg from ts incorne generating 8ssets, tho inv95tmenl prortIS. One propgrtywas in 2011 Un9 an urhrgstricted dat)n fmm KIK)o Tg¢k Pyat Foundation. The funds gonerated through Ihe Tental incomo are thwefore unrestrthd. In 2016, foll4n9 roceipt of a £60,OCQ.000 loan. ts Fouthjotion a¢quir8d 8 $8cond invastsn•nt proparty to be used as an income gener81iro unit. Tho loon was from thè Eslal8 of Ktr Teck Puat. The funds generated through Tenlal income from thi$ propotty 8r¥ also Unr8stsic. Paya 2
KHOO TECK PIIAT UK FOUNDATION IA company limited by guarant•el TRUSTEes' REPORT {CONTINUED FOR THE YEAR ENDED 30 JUNE 2021 hI•M•nts and p•rforn)anc• . Rwl•w of actlvSd Duo lo the easing ol cOd 19 reSlrKl. renlal irwn? h•$ duriro Iho y•ar by 2.6%, from £5.164,980120201 to £5.298,507. The FoundalKJn has not mad• wy w•ils ¢Lfftnt y8or. Prnv)us (¥)rTwnitmenb all paid off in 2020. The ¢knations modo by the Frn(laOn al conw&it wilh the aims of tharity regarding thè r8li&l of sickness and the preservattr)n and thwKem•nt of the health of tho PL1, and tP prSvgntW or rnll&f of poverty or financ& hardship of tho b. Fundrnl•lng •¢Wvlll•• and Ift¢• fprnralkn Tho Foundollon's funds arn 9onfjfatsd thrnwh the of rnnI YK>Jme frun It8 Imi8strn•nt propertieB. No furKJr8ising 8diviti¢3 arg urKJ8rtgken. Fln•ncl•l r•vl•w . Golng conc•ni After making gpproprlate enquirfes. the Trusloe8 h a rea&able exptstffi th81 tho t>)mp8ny has 8d8quato resourc88 to contlnu8 In operatkjnal exislence for Ihe for$sb futur•. For r¢a8on, th&y o)ntinu8 io adopt Ihe g(Mng conrn basis in Fwaring the finpnryal statgmonts. Furlh&r d8lai18 rngarithng •JoptKJn of the goir b. R•••rv•• pollcy It Is tho polky of t FoLMKlation that 0$110d I¥1$ tlMch have IKA bgen dg¥ignalod fty a sF¢ofi¢ u80 should bo m8intsln•d at a minimum oquivalenl io btheen Ihw and six morrth$' •xp9nth'ture. Tru$ts•s consider Ihat reserves at levd en$uro Ihat. in th& of a Inifnt t1rop in funding, they will be able to o)ntinue the FoUndatn. current acIMt whib cr)nsKlerakn is gN8n to WAYS in Ithich •JdMhJnal funds may be raised. rhi3 levd of resery¢¥ has be¥n maintaingd thffjLpahwi tha year. c. Pflnclpal fundSng During th• ar, Ihe ban bdanca Pablo to. the Estate of K? Teck Pu8t for £48,orx).OCQ w8¥ On$d, for a further flve yoaTS to May 2026. The loan is secured on the in¥¢$tyn¢nt prorty and 1$ intOWSt frna. Thè ban Is to b8 f8paid on the 8adier of the 51h year anntversary of the 8men(Iment w thg dats whgn thè prop8rli88 are sold. Post year end Ihere was a repaymenl again81 llis bal#rta 01 £2.(K)O.LKJO. d. Support costs & gov•m•nc• cost The Foundation has gxporwJ•d somo rèsourcas on Ihe MaIntenar and running of the investmenl propwtie and thase ar8 cat8goris8d as support costs, beiThJ the costs of recwvry the income from the FXOPgrties. Thgre has also beèn exp6ndrture on the administrative manernet of Ihe Foundal*)n lch arg catggorisgd 95 Page 3
KHOO TECK PUAT UK FOUNDATION (A cornpany limitad by guarante•) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021 . Unr•8trkt•d fund• At the ye8r ¢nd, all ol the funds ol th• FcKMtstion arn Ccsk10d to bo unr8stncted. The Instrnen¢ properbes ol tha F¢JJndation aro Maintain in linè ith Fndaon'S conseryatNe attItYe to risk. whKh aims to Conse thè valL of its fuThJ 98nerating in¥estrnents. but any realised gains on the vaatr.0n of this could be US8d to fund grants as Vth the investrnent tncome of the FourHl81#)n. Unrestsicted furkys are to be usèd for t charitable objectiV8s of the Foundalton 88 the Tnjstees C¥Jer apwowiate. Al the year end these 8re £T5,889,45312020'. £65,156,097}. ofthth indthJ93 a unrg8trKled re8ervg b818nc8 in rgiplKM to k)an discounting of£9,646,07512020'. £Nill. These surpluse3 of fLmds are retained fry lulw¢ plannsd grants. 8truclur•. g0v•rn•n •nd m•n•g•m•nl . Conrtkullon Kh¢)ts Terk Puat UK F4t10Th is tered 0$ • uKnpany tnrt•d by wawt•• and up by a M•moranilum ol Aswokn datsd 8 2011. b. M•thod• of ppoinlm•nt or •l•¢t+oth of TYut••• The management of the FouTrJatb?n iry the re8pJn8ibility ol tho Trt¢0 who ¥Te appointgd by ffjsolution of the 801• rnembtr. Khoo T¢ck P¢ FIXN91•. N(m of th Tntyt¢•s has Y b•nolhJal Intfjfest In the Fwndath)n. c. Org•nl••tlon•l •truclurn and d•cl•lonwm•klng Th• boord of Tru8t88s is th• b( r8sponslN• for tho m•3•ml of iho Foundat. Tho Ixjard moets perJdically as needed but not kn88 than naNy. dOL¥girm rd9 tho Foundation are approved by the Board ol Trustses. d. Pollcl•• adoptsd for th• Indvthn and tr•lnlng ofTN•t• Now Trust888 undérgo gn LyntAl)n (lay to brlof them C th8w18gal obligations under ch8rlty and company law, tha contant of thè MemoraThJum and Ar15des of A8sodalw)n, tho committoe. the d8dskJn making procoss, Ihg busin8ss plan and rOct financial Ferformanc ol the FOUndatn. Trustees are encouraged to attend appiopriate extemal Iraining events where these fa(itat8 the undertakn'ng of their mle. A8 di8doBed in nole 9 no TrusteoB re1 rwTwneratK)n or r¢imbur8•rn0nt of oxpon8es IrcwR Ihe FIndatiOn. •. R•latsd party r•lallonshlp• The FCYJnd81i is thg UK subsidiary of Khoo T8c& Puai Foundati, a charttsbl8 ¢Xganisaln frded by Khoo Teck Puat which 15 incLYporat8d in SingapLYO. Tho Trust80s wrrk to ensure the Foundaiion fuffils Khoo Teck Puavs philanthropic goals. Of Ihe TNstees.' Ma¥is KhcKJ. Eric Khoo Kim Hai aThJ Elizabeth KI0 are Trustees of parent Chty. f. Rknk managemBnt Thg Trust ha¥e as1 mapr rok$ to cpanY gxkw)$8d. in paiti¢ular tlYJsè rèlatad to tha OPgrati¢ns and finances ol thè ¢ompany, and a Sab"$rd that syst•ms and prc¢8dur•s ar8 in pkco to rnltigate exposure to thè major risks. The FOuThjat actrvety manages rts pfoperty assets to ensu the Foundats'on fece*ves loThJ tam) Secu investment licome. dIng the Foundat cash s0(ces from whith to make grts whilst protecting the FouTrJation's rA9p1 a$6eL Paga 4
KHOO TECK PUAT UK FOUMDATKIN IA company lirnrtad by guarnrttsèl TRUSTEES. REPORT (CONTINUED) FOR THEYEAR ENDEO 30JUNE 2021 Pl•ns for fu• wlod• The Foundat c(lin• kn conlritrwA• to t h8alo s81kn. on the and uTrlor80Ned mrnu1wt. Dl•d¢)wr• of Infotm•tkn t• •udltor Eath of tho ¥• Trust••s 8t t tim• th•n thbTw8t•W rwrt b arvro¥•d ha$ that: so far as that TnJ8ts• Y6 aware, th•r8 k8 no Tokn4ant wjit wrfcwmatJn of wlmch the thBrWs audilor 18 unawar•. and that Tnjstee has taken all the 8ttys that ¢xWt b) iwi taken a8 a TnJste8 in order b be awaro of any roth8nl oudit inlrymolir arwj lo ltst Iho thgrity$ wrfilc is awwo ofthat infomal•)n. Approvod by ordefof tho m•nern olth? of TNsto0$ $*JmX C thdrbohalf by. M•¥ls Khoo Trustee 22 Jjne 2022 Pa5
KHOO TECK PUAT UK FOUNOATION IA company Ilrnlto(I by 9uar¥nt•o1 STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 30 JUNE 2021 The Trustaès (who are also the directcrfs of th& company for thfr PLtrposes ol company wI are responsible lor preparing lh8 Trust8aS' f8PC¥t and tha finarKial statemenls in xoydanc8 wth apF4icabl8 and United Kingdom &Untirj SlaThJards {United KIn9J Generally A0•1 AC(atij Praciicel. Company law rnquirn$ thg Trus188$ to financial stat•m•nts fr)r 0h fmndal yaar. Und•r company law. the Trustees must not approve the financial statemerts Un35 they are sabsfN8d that Ihey give a tn and fair ew ol the slate of affairs of th8 ojmpany of its incomiThJ restyJrc8s arThJ apptication of resources, including its income and expendrture. lorthat In pxepwing statWnts, th8 Tnth8 are required to.. s•1g¢t Sulla• a¢¢ounb"no polio•s arAI thon appty Ih•m nSist•n.. observe Ihe methods and princi8$ ol the Charities SORP IFRS 102),. mak8 judgménts and acccAting éstimatés that Arn r•asonablo 8ntJ prJant.. Btate whethor aFYIabl• UK ACCntilvj StsndardB IFRS 102) hava boon foll•d. 8uLlxt to any mgtorlal parlvr8s di8dosed and explained in the fina11 ¥tsterrnts,. prepare Ihe fin8ncid ststsments on Iha c{Yarn ba81$ it Is Inapwowiat• to pr•sum• thot lh• t>)fDPany will ¢tinue ln$s. Tho Tnjstoos ara r8sFonslbl8 lor k8op5ng adequate accounllrvJ rncords that aro SLtffldent to $how and •xpla5n the companls transacl•Jns and disdose th reasonat4e at any time the financAal position of the cornpany and onable them to ensure thai the finarKial slalemenls comply with ihe Companies Act 2(M)6. They 8ffj 8180 f•sFA)n$ibltr for $8l¢guwding th? assots ol the wmpany fLK tsklng rea5(tabl9 8teps the prMnlon end d¢t¢dJcffj olfraK1 othar wrwlgriti Approv•d by orderoftho m8rTknrn olthe lThrd ol Tn100& aTrJ Svan ils be11 by.. Mavl• Khoo Trusleg Date.. 22 June 2022 Page 6
KHOO TECK PUAT UK FOUNDATION IA company limited by guar¥ntw) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KHOO TECK PUAT UK FOUNDATION FOR ThE YEAR ENOED 3DJUNE 2021 Oplnlt)n We have Budiled the financial slatemonts of Kh)0 Teck Puat UK Foundatw)n {tho 'chw¢tabl8 companrfl for tho yew ded 30 June 2021 comprise the Statement of finJaI actiVrt$. the Balar sh8•t. th& Stat8ment ol ca$h fl¢)ws and the relaW n(es. IndlIng a sumrnary of signfficant accwnting FKJIKi8s. The financAal reporting Iram8work that h88 tréen tsir PreParan * appIab8 law and United Kingdom Accounting Stsndards, kncludlng Financial R•w)r'ng Standard 102 'T Rep(yb'ng Stsndard 8pplrJble the UK aThJ R•public of lrnland, Iunltwj Kirwjm G•rwpUy Attgpted knwling Pr&rJico). In our oplnk)n fin8ThSo1 s1o1¢mS.. gwe a true and fair view ol the state of tha chariiablè (x)mpanrfs affan as at 30 Jung 2021 and of 118 ir¢onirv4 r•sour¢05 aFplubw of resources. inchjding ils Iorne ar expanditure lor lh8 year thon ended., h8ve t)een wr4ffjrly propBrfrJ in acc(¥darKo United KingdL¥n General ACCO& fvuAwntlng Practico: 8r#l ha b•¢n propar8d in a(xudance wlth the rtyuirnmenls Lrf lh• C(nI&S Act 2CX. Bi•l• for oplnlon W8 eondu¢ted our •utht in Int•mat)nal StarMlaTds Alffjn9 IUKI {ISA8 (UK}l and appllcabl law. Our responsibi"18 und81 Imsè 818rthrds ore further descril)gd the Audriorf3 respolbilItieS for the aud of tho fln8ncial statemt8 s1) of r4K>rt. Wè ar• >J•pèndwrt ol the charitat4e company in 8cccrfdanc with the elhical requifem8n¢s that arn rd8vant to Ouf drt of tho financial stst8m•nts in thg Unitod lQng(SJm, including the FinancA81 Reporting Councifs Ethical Standard. aThJ hav• fuifillad Ir oth¢r •thi¢al r93k¥)nsibilities in amydance these requirements. We that the audit evidance w• havo oblalnwj 18 8uffio•nl and approwiato to our Con¢lu•lorw r•latlng to golng In a1•9 the finanoal 8tat•m•nls, wa havo c(lUdl that tho TftAtO•S' of tho going Concom basi¥ of actntIJ In the pr•pwation ol the fThncial sts10mts Is aptxotmts. Based on the work we hav8 wIorni8d, w8 lia not vJ8nlrfwd any ffl4t•rial th¢0rt4inlio8 l811Th9 to events or condilJns that, individualty or cc4kn1i¥ety, may cast sKJnrf4cant Iloubt LM thè ch8ritable.cornpanVs abilsty to ¢ontinue 8s 8 wing ccwm a peiicJ of at 18ast Mylvo mcffiihs from vkn8n tho financial statemants are authorised for iss. Our responsitsliti88 and th8 S[1lioS of tha Trustw rylh to 9cig are debed In Ihe relevant sect+ans ol tr4s repjrt. Page 7
KHOO TECK PUAT UK FOUNDATION IA company limitod by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE IAEMBERS OF KHOO TECK PUAT UK FOUNDATION ICONTINUEOI FOR THE YEAR ENOED 30 JUIIE 2021 Olh•r Infornmtlon Th8 other inf0m)atn mprIseS lh• inft>nnalK)n in ts Annual rgPCWt olher than ts finanrAal 8tat8ments and our Auditorfs r8WJrt thn. Thg TrLK%l••s ar¥ lor tho othw lnftyMat claIrj within the Annual repcrt. thjf Opin th8 financial stat8m8nts doos not covw th othtr inf¢)miK)n and. &x¢opI to the extent otherwise expltlY stated in our t. th) nol expyess any frjmi of assufanca o)ncbusion Ihèwn. Our responsibility is to the other inlornia1iL and. wi so, cc4)sKJ8r vthethar tha olhèr irtformation 18 materi81ty irKOnSt0rt wrfh the finanryal statemt$ or kno4edge obtained in the cours& of the audit, or olheri3e apar5 to tx malerialty misslaied. 11 Jentity such material inD)nsrstencies or apparent matedal misstatarnènts. we 8r8 required to delermine 7Atsth8r this gNe8 rw lo a materd misstatement in the financial $tal8mgnts Ih&msgfv•$. If. based M the Myyk we have Fwforrn. wa ryjndudo that there 18 a materlal misstatèm•nt of this oth¥r Inlomion. w arn rwir•J to rw that 1ocL We hgv• rtothmlg to r¢p)rt wi Ills r¢gaftl. Oplnlon on olh•r rnatt•r• pr••crlb•d by th• Cofflynl•• Acl 2th)8 In our opinNM, based on the vnrk uThJertaken kn the (urSe ofth8 authL' tho inlomatbn 9fv in the TnJ8tees' repDrt tor the fmwmial Jpar fw thfr flnancLql statement8 af• prepared is CS1910nt vAth the financial stgt8m8nts. Iho Trustqes. rep(1 has been preparod in accordarte aPFduikn al requlrernents. Matt•rn on whlch w• w• r•qulff•d to rnport by •xe•pllon In the light of our knol8&38 aThJ urwjgrstsnding of the thaiitabl¢ ¢tynpany and ts environment obtained in the course of th8 audit. hava not kl8ntifi•d mat8ri81 mi8stst8mènts in Iho Trust8è5' fèF<Mt. W• ha nothTrng to report in of tho folkn•wi9 mthwB relath to Companies Ad 21J)6 roquire8 us to report to you il, in our wnion.. Jdequate accouth'ry roc(Yds have Th)t been kes cf r0m6 •Jwate for wr 8JIt hav• not b8an receid from bfancho$ Th)1 visrt8d by us.. or the financ481 statements we nol in ament with the acoMtiiy reco$ aTrJ rtum$,' or cartain disclogJr8s ol Trusteg5' remunerakn Speufied by law are noi mad8.' or we have not reC8d all th• inlomwbon and •xplanatw)nsw8 rnquirè for our audft,. or thg Trustees re TrJt ontiued to prepare the financial statements in arxordance th8 small companl8S roglme and take aJvanlJè of lh8 small 1MpanIo$. 9xamrI$ M) Tru$tO08' r¢prxt and from the requirernenl to prepare a StratogK report. Page 8
KHOO TECK PUAT UK FOUNDATION IA cornpany limited by guar4nto81 INDEPENOENT AUDITOR'S REPORT TO THE IIEMBERS OF KHOO TECK PUAT UK FOUNOATION ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2021 R•sponslbilili of tru•tw• A8 eXplaid rn funy Ihg Trust89s' r¢spcrt)sibiLrfi&s slat•m8nt. tha TnJsto8s are also the directors 01thè ¢haritabl& company lor purpos8s of ccrfnpany kffivl are r8sFKJns>ie for Ihe weparatn ol thg fina181 $tsl$mènts and for Ing sa$r that thoy gNe a tnje and fair v. lor such internal 9)ntrol as th• Trust d8t8miino is necessary lo enable th8 prepwatiryi of finarHyal s18t8m8nts that Arn fr80 from mAterlo1 mi88latomenL whothor to lrnud ororTor. In prepanng the financial statements, the Tnjstees are res¥118 ts 88ses8iNd thArit8bbg ¢ompanYs abillty to eontlnue as a going concom, disck)s¥J. as appkncab. matters rdated to g¢irg ¢M¢gm 8nd usiry tho golng concem basis of acctsjnting unkns thg Trustees eithw ¥tsrK1 &) thwidatts th• charilable company or to CeaSO operations. have no reali8lK attemativo bul io do 80. Audltorf• rvaponlblllll•• for th• audSt ol th• Iln•ncl•l •l•t•m•nt• Our objectivas 8r8 lo obtain rn880nabl• assurance atojl vthothar the financial ststements as a 8fo f from m8terf81 misstatoment. whether due to fraj or errc. and to issu8 an Audilorfs report that in¢lude$ our oplnion. Reasonable assurance is 8 h•3h levd ol assijrance, is not a gu8rgntg9 that 8n audit conduct8d in accordancA with ISAB IUKI ill alway3 deloct a matenal ternnt it éxists. Misstst8m8nts can arisg from fraud or error and aro Consered material rf, indM¢knlly ry in th& •ggrogalg, thèy ccMJkl rgasonabty b• expected to influence tho KLY¥JnK of uw8 b•sls of those fflnand•l 8tatom8nts. Irr8gulafitss, clUdIrj fraud, are wstances of nwpwnplianc• with kns ¥nd wulaloro. W• dl@n pedur&S Sn line our resw$itshlles. ouUin¢d ab, to dgt•rt m8t•rial mi88tatoments in respect of kregularitl8S, Sncluding Iraud. The e¥tent to whKh ow Fycudures 8rB Capst ol dotocting Irrngularities, InclLJlng fraud 18 detsl bobw: Ihe engagemenl partrw on8ured ihat engwent t•8m coll.¥•1y had th• appYopriat• comp•tanc8, capabilitl•S and skilL8 to id8ntify or r8cognise nL•Comp1Ianca opphCab laws and regulalK)ns.' idenlified the Lgws regubthx8 •pplubl& to th• cA)mnY through discussions director8 and thgr m8n8ggm8nt. arrfl from cr rJ)mrn8rdal knMed90 aThJ eXFnce ol the chanty Investsnenl property sector., fo¢us¢d on $pWr laws ond ragulatS 81¢yed may have a dSrect material effect on th& ffinanckql statements w lh8 op8rab.ons of the company, induding ts CompAnbg. A¢t 2CI)6, taxation gislatK)n and data prtstedh, anti-brib¥ry, •mOY&nt, •nvw#n8ntal and h8aMh and saf8ty18gislation', assessed the 8Xt8nt of comphance vith and regulatic5 idenlifiod abm thrcoJgh makiryd enquiries of management and ecting legyl rA)rrèsrAN)d8rth: and 8nbfi8d Lqs and raguLati¢S w8r8 communuled tho aulit le regukrty and th8 team remained alert to instances of rK)rpI1are IhroLWoul the 8j1L We assessed the susceptibdfly of the companls financial ¥tatwnonts to motsriol mi$$lat8m¢nt. in¢hJdlng obtaining an understanding ol how Iraud mfjhl wcur. by.. makiThJ enquiries ol ManagnI as to they Itwe WaB SYpbillty to fraud. Ihair knowledge of actual, suspected 8nd allègod frwd,. 8nt1 Consideri the int8mal ccrtrols in F4xe to mibgate li5ks of frwd and non-compliarKe vlilh laws 8nd regulabons. Pogo 9
KHOO TECK PUAT UK FOUNDATION
IA company Ilmlted by guarantoel
INDEPENDENT AUDrroR'S REPORT TO THE MEIIBERS OF KHOO TECK PUAT UK FOUNDATION
ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2021
Audllorfs rHpon•lbllIll lorth• •udlt ot th• ffinanclal •tat•m•nts Icontinu•d}
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KHOO TECK PUAT UK FOUNDATION IA ¢offlpprry limit•d by gu4rnnt••l INDEPENDENT AUDITCAR'S REPORT TO THE MEMBERS OF KHOO TECK PUAT UK FOUNDATION ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2021 Daniel Butho Iwiior •t•lutory •uthtty) for ond on b8half of 811ek Roth•nb•rg Audlt LLP Chart8red Accountants Slabjiory Auditor 16 Great aueon Stro8t Covent Garden London WC2B SAH Date.. 3010612022 Pa11
KHOO TECK PUAT UK FOUNDAnoN (A company Ilrnlt•d by guarants•l STATEMENT OF FINANCIAL ACTMTrES ONCORPORATING INCOME AND EXPENDITURE ACCOUNn FOR THE YEAR ENDED 30 JUNE 2021 Totsl fund8 2021 Total fvnds 2020 fund• 2021 Incom• from: Investments SJOJ.¥W2 s,3.902 5,197.820 Total in¢om• ¥.309.gQ2 S.3.902 5.197.820 ExpDndltur• on.. R8isbng fundB Charitable adiville8 Ctth•r oxpendiluTe 94668 678.534 12.519 174fj94 174fj94 Tol•l •xp•ndituv• 1.131.202 1.131202 691.053 N•t InryJm• b•tor• n•t lo• w IDv••lm•nl¥ Net1088e8 on inve8lrnenls 4.170.700 4.170,71XI 4,508,767 13,IX13,4191 13.083.419) 116,549.762} Not In¢omoll•xp•ndltur•l 0th8r nkniemants in funds 1.OJ7.281 9.646,075 1,087281 9.646,075 12,042.9951 15 N•t mo¥•m•nl In lund• 10.733,356 10.733,356 112.042,9951 R•concSll•tlon olfunth: Total fund8 br(wht foThvord N8t movoment in fvnds 65.158,097 10,733.356 8S156,097 10,733.356 77.199,092 112.042.9951 Total lunth th•d fonv4rd 7S889.453 75,8e9.453 65.156,097 Thtr statoMe offmana ac11vrt inckNJe8 all gains b)8108 rw8•d in the •r. The note8 on pages 15 to 28 torm part of Ihe80 fin#1 BtatwYl& Pag8 12
REGISTERED NUMBER: 07662565 KHOO TECK PUAT UK FOUNDATION IA company Ilfflw by guar4nt•e) BALANCE SHEEr FOR THE YEAR ENDED 30 JUNE 2021 2021 2020 Fbx•d •M•ts 10 105,04IT12 108,727.191 105.643.T12 108,727,191 Curr•nt ••••l• D•btors CaBh at bank in hand 11 3.Srn.9fj7 9.22S,667 2.T79.585 7.954.252 12MOS834 10.733.837 Cre(Iltm'. 8mounts flln9 ar 12 11082.9a•) (s2.,916) N•t ••t¥ I114bllltl•• 10,122,614 (42,167.0791 Total l•M curr•nt Ilabllltl•• 115.766.456 86.5W.112 Creditorn.. amounls fallirvJ dLn aft•r ttTran cme yoar 13 (39M77.0031 11,404,015 Total n•1 ••MI• 75.089.4$3 6S,156.097 Charlty fund• Unr•8trfcted furKI8 15 7%J89.453 65.156,097 Totsl fvndl 74889M53 65,156,097 The Trvstees acknowkdge Ihwr reSPtAllIS tor Compl'n9 wilti lh8 requirwnents ol tho Act W5th8&PoCt to a¢¢wnlwrfJ rK¢rd$ 8ntJ prwratiwb $t8t¢ments. The financial statemants ha bo8n pr8p*1 in aCcOrdar thè provtsion8 applicablo to 8ubjg¢t to th8 small eomp8nias r89ima. Tho fin8noal stAt8monts vrnm appro¥8d and 8uilw)rn IN issug by th8 Trn8teos and syn8d on th•ir b8h#ff by: M•vi¥ Kh Tru$t•e Date. 22 June 2022 Tho r#)t8s cffi pages 15 to 28 part ofthese finandal slatem8nts. Page 13
I00 TECK PUAT UK FOUNDATIOII IA eompany Ilmlt•d by guarnnt••) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE Z021 2020 Cmh Ilows from op•r•tlng actS¥ltl•• N8t cash pn)vhJ•J by op8r8kng 8thitss 1200.020 1,277,866 Cuh flow• from In¥••tlng aGllvlll•• Intor•sl incomo Di$po881 of invwthw 11.395 32,840 1.000.OQ) N•t u•h pro¥ld•d by Sn¥Mtlng Ktl¥ltl•• 11.305 1.031840 ¢h•ng• In ¢8•th •nd u•h •q¥l¥•l•nls In th• y••r CA8h cash •qulval•nts at th8 boglmkng of th• yoor 1371A15 2.310.71X 7.954252 5.643,548 Ca•h •nd •tylv•l•nts •t ¢h• •nd ol th• y••r 22S167 7.9S4,252 Tho notes pagas 15 to 28 frym part dth888 finan¢xal slatamorts Pag& 14
KHOO TECK PUAT UK FOUNDATION IA company limit•d by guarant••) h%OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JO JUNE 2021 G•neral Inloffliatlon Khoo Teck Puat UK Fwndation s a company limit•d by guarant8• irwporat•d In ErvJland and Walas. The Charilys register&l Dumbw is 1142788 and the r8gist8f8d offlco is 5 F188t Plac8, London, EC4M 7RD. Th8 M8mr of thè ccvnpany is Khthj fèck Puat FrJaIl. In Ihg evenl of the Foundation beiThJ Wjnd up. th8 8lIty kn r&sp#rt of gugrtynt is limit tts £1 w fflemr of tho Fwndation. The finanoal stat•m8nts are wesanted n Sto1kn31£1. Accountlng polkl 2.1 Bal of pr•p•r•llon of Iln•ncl•l •tat•m• The financwl statements hav8 been prepared in accordance the Charitws SORP IFRS 1021 - A¢eounting and Reporting by CharTrtss.' Ststement ol Reccrfnmend8d Prncb"ce applicabl8 to charlti•$ prepartng their a¢¢t$ in 0¢¢orda with the Fin8ncial Reporting Stsndard applicabl8 in th8 UK a1 ol Irland IFRS 1021 Itffo¢tNo 1 January 20191. the Financial Repo.ng Standard applcabte In th• UK and Rubl of 1rnI¥ IFRS 10218fvJ th&CorwA&s Act 2006. Khoo Teck Pual UK FcJThJ8tKJn meots th• definitlon ol a public b8n&fit 8nb.ty FRS 102. Ass815 and liabilitios are inrtialty recoaTh8•J at hthncal cost Iransactlon vAlug y5$ otheMis¢ stsl•d in tho rol•v8nt arxoUrng Oicy. 2.2 Golng ¢onc•rn Aft•r making wuSrl•s, th• Intstoas hav8 a m8onatJl8 •xpacl#llon thgt th& ha8 8dwuat• re80urce3 lo (tinUe kn opwalonal exlsterth and meat rts lia.1• 88 they f811 due for the lryeseeable future. teiro a pencJ of at bast months from the datg finanri81 ¥taternent$ wwe approwd. AcrdIjty, Ihy contNe to adopt th8 oJnc•m basL8 In praparing tha fift¢1 lat8mgnts. 2.3 In¢om• l inccrfne is recowised once Ihe c4Mmp8ny has ontill8m8nt to thg in¢omo, rt is prthNo that the IrKome wll te received and the amnI of incne receivatle can bo Msur9d fèliably. Inv•skn•nt itKom• ¢crfnprws 1•1 income. wvrA c*arges oilw roc0rI•S frorn t•nants of thè COpanYS investment properlies. Rentsl income is on an accruals basls 6n th8 peric¥J in which it 1$ gam8t1. a¢¢ordancg wlh the teThns ol the 1985e. Page 15
KHOO TECK PUAT UK F(XINDATION IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 A¢¢ounting poli¢lM {¢oDtinu•d) ZA Exp•ndltur• Expondtture is rncognis•J once thore is a l•Jal c4Jnstnxtiw to transl8r eConrmn b8n8fit to a third party. it is wcthb18 Ihat a translar of oconomic b8n•fils will be raqUwI in s8tt18m•nt and the amount ol the oblvJatw cw be measwed rnltably. Expenthture is daSrIed by activity. Tha COBts of each actiYTty are m•Je up of lh8 totsl of dKect o)sts and shar8d costs, iluding support C05tS Invol¥éd in urJertokry oa¢h odivity. D¥Brt costs attnTr)ut8blvJ lo a siTrJl8 activty are allcKatwJ direcuy to th8t adivity. Sh8r&J eosls whth ¢J)ntrl)ute mrye th8n ITh 8¢#ivty and support cosls whKh are not attributablè to a sirwJle aclivty are app(M¢I bgts4wn Ih090 8ciivit c 8 basis congistent wilh the use ol rnsoJrt8s. ctraI staff costs are ths bg86s of time ynt. 8nd deproci8tion ¢har9es alloc8t8d on thè portbm of th& 8888t'8 w. Govemance costs aro inojrrod in cljnnth TAh adnL1ratk)n of thg mponY and npliarK8 con8lltutna1 and ststukny 1w4r8nts. Costs of 9onoi•tty ftthJ$ ¥• c£4ts kn 81tr8Gtiw NxJntary Inrne, ar thoBe In(yJrred in trathng 8dviti•s th91 r•i8• furJ8. Charllable gcuvftlos aNI Gobm8nco cJ)8ts 8r8 cost inojrrnd tho CLThmponls op8rA¥oi$. kncludlnq 8upm coq18 c08ts roknthJ to lh• of th• panY appJtKin8d to ¢h•rltabl• aLivitie8. 2.5 Int•r••t rnc•lv•bl• Intar•st on ftd$ h•ld on d•pNrt Is kn¢ltyJ•d r•c•fv8ble gmount can b• moa$urod r•li8bly by th8 eomp8ny," th Is rM)mi¥Hy LWI r•)ttfkotth of th• Interest ty paya by tha InBtltuUon whom tho lund8 ar• d•p08rt•d. 2.6 In¥tm•nI wop•rtJ•• lrbVtttMt Fxopaty is carr1 at fair ¥3 detwMinj annually and dwived from the current rnarket fents and In•nt prwrty ¢fynp•rgbkn r981 0$ts18. adjusted rf necessary f(K any difforonce in th8 natur8. cthwknji of th• sp8cth¢ assgt. No dgprwation * prov$d. Changes in fair ¥afuo aro r•cogni8ad In Iho sl81omont of financial activTrbg5 irKorpor8tirg inwme 8nd oxperhjrture accwnt. 2.7 O•btorn Trwje and other dBbtm ¥0 rects)ned at ihe seltlemonl arno1 after Y tr&Jg IHscount offered. Pr¢payThonts Yok 81 tl w1Unt ft81 ofany trad& di8o)unts dL. 2.8 Cuh at bank and In Ind Cash at bank and in hand Indudes cash and s-tami hhjhty hquKI inb*stsi)•nts vthh 8 short m81urity ofthre8 mcrfths cff from tha dala olacquislt wiln9 ofth8 dap)sit LY Slmlar wunL Page 16
KHOO TECK PUAT UK FOUNOATION IA company1Smlt•d by guarani8•} NOTES TO THE FINANCIAL STATEMeNTS FOR THE YEAR ENDEO 30 JUNE 2021 A¢¢ountin9 poli¢iM {¢Ontinu) 2.9 L1¥biliti and pro¥l¥lon• Lwtlitws ara r8cognis8d therg is an at the Balance sheet dats as a resull of a past vent. rt is probable that a transfer of econ benefrt b& wred in setllement. and the amwnt ofthe settlement can be estimaled rellay. Liabilities aro at tho amount that the Bnkn'pato8 it ill pay to Betskn tho debt the amount it has IVed as advCed for the or services il must providB. Proms¥$ or• m¢asLY¢d •1 th$ bgst "Mat¢ of tho •mnts rOqLMrod to th& obligab"on. Wh$r• tho •ff•¢t ol th• time vafuo ol money is mat¢rio1, thtr provision is bas¥d ¢)n the pffj$¥nt Val of tIK)s• amounts, discount8d 81 thg pr84ax dk8count rata Ihal f8fl6cts the rtsks specffj to liability. The unwlndlng o1th8 dls(4ffil is ro¢cqnls•d kn the Statnt of fin¥dal tsAll8$ •$ o flnanca ¢o$t. 2.10 Fln•ftclal In•trum•nts The cornpany only has finarKi81 assets arnj financ481 fi8tylrt ol 8 kind that qualify as basic finanThBI &)$trum¢nts. B¥w¢ fin¥1 N)strumonts are inibalty re¢ognisod 8t tran$thin valuo and subsu¢nY me85ur¢d at thwr settlgmgnt valug wilh ts gXCgPtion of bank k)•ns vthith ¥r¥ SubsequenY mSUre ot am¢Thlo¢d c4)st ung lh& ¢ff•¢bv• intof•st nWhod. 2.11 Fund •ccountlng General flmds aro unrestricted funds whKh are ayalabkn for u50 at th• diScretic of the Trustees In fvrlherance of the general ot4'ective8 of ihe company and t•thi¢h havo not been de8lgnated for other purp$. InSImOnt Incc)19, g•ns alltxatod to th• apprwwto fvnd. In¥t•t IncoTh• UnrtrICt• fund• 2021 T¢Jt•l fund• 1021 Tot81 fvndg 2020 Investrngnl inc¥Jme. invest1¢ prcpwi Inv8s¢m8nt Incoma- hxal cash s298.7 11,395 5.298,507 11,395 5,164.980 32,840 S,309,2 5,309,902 5,197,820 Page 17
KHOO TECK PUAT UK FOUNDATION IA comwny lirnitgd by guarantsel NOTES TO THE FINANCIAL STATEMENrJ FOR THE YEAR ENDED 30 JUNE 2021 Inlm•nI m•nag•m•nt ¢081• Totsl lund 2021 Total funds 2020 lunds Supwrt 857.933 96,735 057.933 9s.n5 618.684 59,8TO 954,668 954,668 678,534 An41 of •xp•ndltur• on ch•rK•bl• •Gtlvltl 8ummry by fund typ• Totsl fvnd• 2021 lund• 2021 nd8 2020 Audltors. ncffi •jO c¢81s Auditors. r8rnuner8iJn 8w6k ¢hgr908 9.000 19 12.519 Oth•r •xp•ndltur• Unr•strlct•d fund• 2021 Total lund• 2021 Totsl funds 2020 Olh8r Intorest payable 174. 174894 Page 18
KHOO TECK PUAT UK FOUNDATION IA company Ilmit•d by guaw¥niw) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Analysls of •xp•ndllur• by xuvfl Totsl funds 2021 Totsl funds 2020 fund• 2021 2021 Supp)rt costs In¥estrnent managemant 8xpeThlthre Auditor non audit AuditOTS' r8munafatb)n Bonk ¢har988 857.933 96.735 857.933 96.735 618,664 59,870 7.$00 19 9H508 691,053 Total 2020 678.534 12,519 691,053 AUdItts r•mun•ratlon 2021 2020 Fa•s payabb to tho ¢ompgWs au¢Alor for the ofth• c4xnpanV• annval acccxmls Foes payablo to atty Mi OP +WI non-audit WviS not Indud&J 8t Tru•tM•' r•mun•rntlon and •xp•n• During th¢ ye8r, rK) Tnjstees r8coiv8d any rernuneratnn or olh8r b8rnfits12020- £NII). Dtsring Iha y•or 30 Jun• 2021. Tr) Tnjslee expensos hava ba8n kncuttgd12020- £NILI. Pag• 19
KHOO TECK PUAT UK FOUNDATIOM IA company Ilmlted by 9u•rnntw) NOTE3 TO THE FINANCIAL STATEMENrJ FOR THE YEAR ENOED 30 JUNE 2021 10. V(Men¢ pvop•rty Fr••hold In¥tment property V•lu•tlon At 1 Juty 2020 R•voluolI In y•w 101727.191 {3.083A191 At 30 JU 2021 104143.772 The 2021 ¥al)n& re mado by the Tnrnteos balod on an open mark•tvahJe for exi8try uve baJi¥. 11. 2021 2020 Du• aft•r mor• than on• y•ar Oth¢r debtors 1,348.384 1.404.015 1,348.384 1,404,015 wlthln on• y•ar Trad8 debtS Other debtor8 Prepaymen¢s and 4¢¢w¢d Inm$ 1.881.348 262.626 B7,809 1.349,070 26,500 3.579,967 2.779,585
KHOO TECK PUAT UK FOUNDATION IA company limbtsd by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 30 JUNE 2021 12. Cv•ditor•: Amount• falling du• within on• y•w 2021 2020 Olhor loans 51.LKrf),OLKI 75.094 320.488 415,977 1.089,377 105,478 623,288 Olh8r taxalon and sodal Olher rAeditors AcLruds and daferred 1,349,7 2,082,9511 52.9)0.916 2021 2020 D61otThl in¢omo 81 bo9innirvJ of finandol yew R8swrcm def•rr•d during th• year Amounts rebd fr¢¥n pw#>J8 1,078,727 1.085.446 998.949 1.078,727 {1,078.72n 11.085.446) 998.949 1,078,727 13. Crndbtor•: Amounts flllNJ du• ft•r morn on• y•w 2021 2020 Olher loan8 Oth•r ¢rgitorn 38.528.619 1,348,384 1.404,015 39.877,IK13 1.404,015 14. Fln•ncSal In•tTurn•nt• 2021 2020 Flnandal a1¥ Financial assets rM8sur•J at faff vau8 thro i1 and expondrture 9,225,667 7.954,252 Financlal a55els measuTed al fair value th1Oh irKcrfne expeThJibJre Cpse shjrt tern deF*)sits, ash at bank and in hand. Page 21
KHOO TECK PiIAT UK FOUNDATION IA company limSt•d by guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 1& St•t•m•nt ol funds Stat•m•nl ol fvnd•. ¢urr•nt y•w Balnc• at 30 Jun• 2021 B•l•n¢• •t I July 2020 IncoTh Exp•ndlurn TraMf•r• Inlout Galnl (LoJM•l Unrn•trlct•d lund8 G•neral FuThts. l fvnd8 64156.097 4309.902 (1.1392tr21 p.083.419) W243.378 9.846.075 •,146,07S 65,156.097 5,309,902 (1.139,202) •.646.075 13.083.419) 7S889A53 T•c* PuaL In Ndwto shaw Iha 108n al Its Mt pruont 88 at >) Jlrn 2021. 8tat•m•nt of fundB- wlory••r Balance al 30 Jun& 2020 8al•K& 8t 1 JLty2019 Gain81 (Lows) IrK>Th ExpetwJityr• UthrtrIct•d fvnd• Gener Funds- R8v81uallon resor¥• 75.230.985 I.,107 5.197.820 1891.0531 114.$81.855} 85.158.097 {1,968.107) 77,199.092 5.197.820 1691,0531 116,549.762) 65,156,097 pa 22
KHOO TECK PUAT UK FOUNDATION {A CoMnY lirnrtod by 9u•rnnt#•l NOTES TO THE FINANCIAL STATEIAIENTS FOR THE YEAR ENDED 30 JUPIE 2021 Summary of fiJnd¥ Summary ol fvnd• • curr•nt y•ar B•l•nrn at 30 Jun• 2021 B•lJrt• •t I July 2020 Tran•f•rn Inlwt in•1 (Lo•u8) Incon Exp•ndltyJr• Genor41 65.15&097 4309.902 11.139302> 9,646.075 13.083N19) 76,089A53 SuMm•ry oflund•. wlor y••r Balance at 30 Juno 2020 8anc8 at 1 JY 2019 {LOeB) General frJnd• 77.199.092 5.197.820 1691.0531 116.549.7621 65.156.097 17. Analy•b• of n•t u••ts b•tw••n fund¥ Analy¥ of n•1 •u•t• b•lwwn fvnd•. ¢wr•nl y••r Unr••trl¢t•d lund 2021 Totsl fvnds 2021 In¥e8tment wowty D•btors du• 9ft8f firn than OM yev Current asBets Crèdrtors du• vhthln cffle y1 Credrtors duo in morg Ihw ono 105,643,772 105,143.772 1.348,384 1,348.384 11.457,250 11,457.250 12,682,950) {1682,gsoI 139,877,003) 13rf,877,0031 Totsl 75.889,453 75,889A53 Pag8 23
KHOO TECK PUAT UK FOUNDATKIN IA company Ilmit•d by guarant8el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 17, An¥ly•i• ol not a•Mt• ts•t¥ fvnd• Icontwiwd) An•ly•l• ol n•¢ b•twMn lund•. wlor y•Jr Unrestricled nds 2020 Total funds 2020 Invgstment woFwty Debtors due after More than one yow Curr¥nt assets CreditcK8 due wthln one year Cf4dito(s dua in mcn Ih8n ono y•or 108.727.191 108.727,191 1,404,015 1.404.015 9.329.822 9,329.822 152,9LKI,9161 152,9rxi,9161 11.404.015) 11.404.015) Totsl 65.156.097 65.156.097 18. R•condliallon of n•t MO¥• In fund• to n•1 ¢Mh blow from 01119 actl¥ttl•• 2021 2020 Net IncomolexpeTrJiturn fLY lh• yaw la8 Por slatsmlt of Flnandal 1.087,281 112.042,9951 AdJu•tsn•nt• for. Intaregt In¢(Kn• In¢reage in debt 08ueag8 in creditors Nel f8Y V8lu¢ 10886$ rwn5sed kn P&L 111.3951 132.840} 181XI,3821 11,474,403) 12.098,903} 11,721.8S81 3.083N19 16.549,762 N•t $h pm¥ld•d by op•rntlng •ctl¥lll•• 1.24020 1.277,866 19. An81 ol cuh and cash •qulval•nts 2021 2020 Cash in hand NolK8 dep) lkns than 3 nTh)nthsl 2,265,306 6.960,381 1,105,958 6,848,294 T+)tsl ¢h and equlv•lents 9.225,667 7.954,252 Page 24
KHOO TECK PUAT UK FOUNDATKIN IA company Ilmh•d by warnnt8•) NOTES TO THE FINANCIAL STATEIIENTS FOR THE YEAR ENDED 30 JUNE 2021 20. Analysls of changm In n•t debl Othw n•n- ea•h At JO Jun• Cn9• 2021 At1Jufy 2020 Cuh Iluw• C88h al bank and in hand Oobt due thin 1 year O•bl duo aftw 1 y 7.954252 151WI.000) 1271.415 9.225.e67 si.000.000 138.S28.8191 {M528.6191 {43.045.7481 1.271,415 12.471.381 {29.302.9521 21. Grnnt commltm•nts As fjt 30 j7• 2021 th• lowttlat £nl {2020.' £Th1) c¥xnrnMIS kn r88FcA of grant8 aFvThad for proiacts leh hav8 b88n accru•d in th• fina081 8tg1om8nts tMII fomi part of tho grants. 08lai18 of th8 grants mado and paKI dLwing tho y8ar can be found in the Twstee's Report. 22. Op•r•tSng l••M Goffimltm•nt• At 30 Jun• 2021 tho MpanY h8d t)mmAM•nt8 to mako fuluro mlnimum laa88 payTrert8 under non- ¢anc4labkn opernlltYJ1•88M u blty8: 2021 2020 Nkjt latsr than 1 yoar Latef Ihan 1 yoar ond Th)t laterthw S yo Lat•r 5 yoarn 372,449 372.449 1889,795 1.489,795 40,IJOO.180 40,432,629 41,922.424 4?,294,873 23. R•l•t•d p•rty transaetlo s at th8 balanc8 8h8at date. KhcL) Teck PLWt UK FndalOn o¥hd £48.CO),O(KJ12020.' £51,000,000> to lh• Estab ol Khoo Teck Puat. The klan is for fthp Jpars. wrtwe51 fTee aThJ seujred on the investment proty hald by the FouThJatKJn. During the year the FourNlalion le¢ved fert* WKomg of £40,927 {2020: £98.2251 fr¢yn Royal G8rdBn Hot81 Lunrted, a c(xnpany under the COMM ol Ihg Trustegs. As at th8 bal8nc• $h¢&t Ogte. Kt¥)o Teck Pual UK Foundakn was ow•J £Nil12020.. £Nill by Roy81 Garden How Limttg11. Pagè 25
KHOO TECK PUAT UK FOUNDATION IA company limitod by guar¥nte•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Controlllng rtY The U.Mat8 parorrt undertaking is Kh Tk F4Jat F¢yJndal*Jn. a cornp8ny limfted by guHrnntg0 and Inc(xporat8d in Singapore. The r8gi8tered offKe wmress is 21 Mount Ela1)eth. #02-00 Yiwk Hotèl. Pa98 26