R•gi•t•r•d Trum￿r. 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 Tru*t••s' rnP￿t 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••• Ma￿6 Tr Eric Khw ￿'M Hai. Tr￿ts# 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 A￿lit LLP Chartw•d Accounlants sta￿1￿ Audlt 16 Great 12ueen Strofrt Covent Garden L￿don 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 th￿r annual rnpc#l tcgether *ilh th8 audit•J financial Stknffl￿ts 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 f￿anC￿l statements of the charilable company comply Ihe r￿1[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 Rep￿11￿ 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 ¢(*npan*s urth the CL￿paniO9 Act 2(Th (Strategic Rep)rt and Diredors, Report) Regulati￿3 2013 ha8 bgen (xnittgd. Obl•ct5v•• •nd •ctlvltl•• . Pollch• •nd obJ•ctl¥ Th& Fou￿18t10n'j obi•th88 arn: . th8 prnvenllon (Y rnI￿f of poverty or fjnan¢ial h￿dI￿ 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 a￿1 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 L*hor r•Jlst8￿d 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 advIt￿S tho FoundalK)n shoukj und8rtake. The Twtoos ¢or*thr 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 pro￿rtI￿S. One propgrtywas in 2011 U￿n9 an urhrgstricted d￿at￿)n fmm KIK)o Tg¢k Pyat Foundation. The funds gonerated through Ihe Tental incomo are thwefore unrestrthd. In 2016, foll￿4￿n9 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 cO￿d 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 Fr￿n(la￿On 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 PL￿1￿, 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 exp￿tstffi th81 tho t>)mp8ny has 8d8quato resourc88 to contlnu8 In operatkjnal exislence for Ihe for$s￿b￿ futur•. For r¢a8on, th&y o)ntinu8 io adopt Ihe g(Mng con￿rn 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$1￿￿10d I￿¥1$ t*lMch 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$uro Ihat. in th& of a I￿nif￿nt t1rop in funding, they will be able to o)ntinue the FoUndat￿n.￿ current acIMt￿￿ whib cr)nsKlerakn is gN8n to WAYS in Ithich •JdMhJnal funds may be raised. rhi3 levd of resery¢¥ has be¥n maintaingd thffjLpahwi tha year. c. Pflnclpal fundSng During th• ￿ar, Ihe ban bdanca Pa￿blo to. the Estate of K￿? Teck Pu8t for £48,orx).OCQ w8¥ On$￿*d, for a further flve yoaTS to May 2026. The loan is secured on the in¥¢$tyn¢nt pro￿rty and 1$ 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 man￿erne￿t 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 Cc￿sk10￿d to bo unr8stncted. The In￿strnen¢ properbes ol tha F¢JJndation aro Maintain￿ in linè *ith F￿nda￿on'S conseryatNe attIt￿Ye to risk. whKh aims to Conse￿ thè valL* of its fuThJ 98nerating in¥estrnents. but any realised gains on the va￿atr.0n of this could be US8d to fund grants as V￿th 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 F￿￿￿4t10Th is ￿￿tered 0$ • uKnpany t*nrt•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 TYu*t••• The management of the FouTrJatb?n iry the re8pJn8ibility ol tho Tr￿t¢0￿ who ¥Te appointgd by ffjsolution of the 801• rnembtr. Khoo T¢ck P￿¢ FIXN￿91•￿. 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•m￿l of iho Foundat￿￿. Tho Ixjard moets per*Jdically as needed but not kn88 than ￿n￿aNy. dOL¥girm ￿rd￿9 tho Foundation are approved by the Board ol Trustses. d. Pollcl•• adoptsd for th• Indvthn and tr•lnlng ofTN•t• Now Trust888 undérgo gn Ly￿ntAl￿)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 rOc￿t financial Ferformanc* ol the FOUndat￿n. 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 re￿1￿ rwTwneratK)n or r¢imbur8•rn0nt of oxpon8es IrcwR Ihe FI￿ndatiOn. •. R•latsd party r•lallonshlp• The FCYJnd81i￿ is thg UK subsidiary of Khoo T8c& Puai Foundati￿, a charttsbl8 ¢Xganisal￿n fr￿ded 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 KI￿0 are Trustees of parent Ch￿ty. f. Rknk managemBnt Thg Trust￿ ha¥e as￿￿1 mapr rok$ to c￿￿panY gxkw)$8d. in paiti¢ular tlYJsè rèlatad to tha OPgrati¢ns and finances ol thè ¢ompany, and a￿ Sab"$r￿d 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 gr￿ts whilst protecting the FouTrJation's rA9p1￿ a$6eL Paga 4 KHOO TECK PUAT UK FOUMDATKIN IA company lirnrtad by guarnrttsèl TRUSTEES. REPORT (CONTINUED) FOR THEYEAR ENDEO 30JUNE 2021 Pl•ns for fu￿￿• wlod• The Foundat￿ c(￿lin￿• kn conlritrwA• to t￿ h8a￿l￿o s81kn. on the ￿ and uTrlor80Ned mrnu1wt￿. Dl•d¢)wr• of Infotm•tkn t• •udltor Eath of tho ¥• Trust••s 8t t￿ tim• *th•n thbTw8t•W rwrt b arvro¥•d ha$ that: so far as that TnJ8ts• Y6 aware, th•r8 k8 no Tokn4ant wjit wrfcwmat*Jn 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•n*ern olth? of TNsto0$ $*JmX C￿ thdrbohalf by. M•¥ls Khoo Trustee 22 Jjne 2022 Pa￿5 KHOO TECK PUAT UK FOUNOATION IA company Ilrnlto(I by 9uar¥nt•o1 STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 30 JUNE 2021 The Trustaès (who are also the directcrfs of th& company for thfr PLtrposes ol company ￿wI are responsible lor preparing lh8 Trust8aS' f8PC¥t and tha finarKial statemenls in xoydanc8 wth apF4icabl8 and United Kingdom *&￿Untir￿j SlaThJards {United KIn9J￿ Generally A0•￿1 AC(a￿￿ti￿j Praciicel. Company law rnquirn$ thg Trus188$ to financial stat•m•nts fr)r 0￿h fmndal yaar. Und•r company law. the Trustees must not approve the financial statemerts Un￿35 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 statWn￿ts, 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 princi￿8$ ol the Charities SORP IFRS 102),. mak8 judgménts and acccA￿ting éstimatés that Arn r•asonablo 8ntJ pr￿Jant.. Btate whethor aFYI￿abl• UK ACC￿￿ntilvj StsndardB IFRS 102) hava boon foll￿•d. 8uLlxt to any mgtorlal parlvr8s di8dosed and explained in the fina￿1￿1 ¥tsterr￿nts,. prepare Ihe fin8ncid ststsments on Iha c{Y￿arn ba81$ it Is Inapwowiat• to pr•sum• thot lh• t>)fDPany will ¢￿tinue ￿ ￿l￿n￿$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 $8l¢guwding th? assots ol the wmpany fLK tsklng rea5(￿tabl9 8teps the prMnlon end d¢t¢dJcffj olfraK1 othar wrwlgriti Approv•d by orderoftho m8rTknrn olthe lThrd ol Tn￿100& aTrJ Svan￿ ￿ ils be￿11 by.. Mavl• Khoo Trusleg Date.. 22 June 2022 Page 6 KHOO TECK PUAT UK FOUNDATION IA company limited by guar¥ntw) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KHOO TECK PUAT UK FOUNDATION FOR ThE YEAR ENOED 3DJUNE 2021 Oplnlt)n We have Budiled the financial slatemonts of Kh)0 Teck Puat UK Foundatw)n {tho 'chw¢tabl8 companrfl for tho yew ￿ded 30 June 2021 comprise the Statement of fin￿￿JaI actiVrt￿$. the Balar￿ sh8•t. th& Stat8ment ol ca$h fl¢)ws and the relaW n(*es. Ind￿lIng a sumrnary of signfficant accwnting FKJIKi8s. The financAal reporting Iram8work that h88 tréen tsir PrePara￿n * appI￿ab￿8 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¢m￿*S.. 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 I￿orne 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 2C*X. Bi•l• for oplnlon W8 eondu¢ted our •utht in Int•mat*)nal StarMlaTds A￿lffjn9 IUKI {ISA8 (UK}l and appllcabl law. Our responsibi￿"1￿8 und81 Imsè 818rthrds ore further descril)gd ￿ the Audriorf3 respo￿lbilItieS for the aud of tho fln8ncial statem￿t8 s￿1￿)￿ 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 I￿r 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 a￿1•￿￿9 the finanoal 8tat•m•nls, wa havo c(￿lUd￿l that tho TftAtO•S' of tho going Concom basi¥ of act￿ntI￿J In the pr•pwation ol the fThncial sts10m￿ts Is aptxotmts. Based on the work we hav8 wIorni8d, w8 lia￿ not vJ8nlrfwd any ffl4t•rial th¢0rt4inlio8 ￿l811Th9 to events or condil*Jns that, individualty or cc4kn1i¥ety, may cast sKJnrf4cant Iloubt LM thè ch8ritable.cornpanVs abilsty to ¢ontinue 8s 8 wing ccwm a peiic*J of at 18ast Mylvo mcffiihs from vkn8n tho financial statemants are authorised for iss￿. Our responsitsliti88 and th8 ￿S[￿￿1￿li￿oS of tha Trustw *rylh to 9c*ig are de￿￿bed 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)at￿n ￿mprIseS lh• inft>nnalK)n in ts Annual rgPCWt olher than ts finanrAal 8tat8ments and our Auditorfs r8WJrt th￿￿n. Thg TrLK%l••s ar¥ lor tho othw lnftyMat￿ c￿laIr￿j within the Annual repcrt. thjf Opin￿ ￿ th8 financial stat8m8nts doos not covw th* othtr inf¢)mi*K)n and. &x¢opI to the extent otherwise expl￿￿tlY 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 irKOn￿St0rt wrfh the finanryal statem￿t$ or kno*4edge obtained in the cours& of the audit, or olher*i3e ap￿ar5 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 Inlom*ion. 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 C￿S1910nt 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 kno*l8&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' fèFie for Ihe weparat￿n ol thg fina￿181 $tsl$mènts and for ￿Ing sa￿$r￿ that thoy gNe a tnje and fair v￿. lor such internal 9)ntrol as th• Trust￿ d8t8miino is necessary lo enable th8 prepwatiryi of finarHyal s18t8m8nts that Arn fr80 from mAterlo1 mi88latomenL whothor to lrnud ororTor. In prepanng the financial statements, the Tnjstees are res￿¥11￿8 ts 88ses8iNd thArit8bbg ¢ompanYs abillty to eontlnue as a going concom, disck)s¥*J. as appkncab￿. matters rdated to g¢irg ¢M¢gm 8nd usiry tho golng concem basis of acctsjnting unkns thg Trustees eithw ¥tsrK1 &) thwidatts th• charilable company or to CeaSO operations. ￿ have no reali8lK attemativo bul io do 80. Audltorf• rvapon*lblllll•• for th• audSt ol th• Iln•ncl•l •l•t•m•nt• Our objectivas 8r8 lo obtain rn880nabl• assurance atojl vthothar the financial ststements as a 8fo f from m8terf81 misstatoment. whether due to fra￿j or errc￿. and to issu8 an Audilorfs report that in¢lude$ 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 ￿￿￿tern￿nt it éxists. Misstst8m8nts can arisg from fraud or error and aro Cons￿ered 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, ￿clUdIr￿j fraud, are wstances of nwpwnplianc• with kns ¥nd wulaloro. W• d￿l@n p￿￿edur&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, InclL*Jlng 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)m￿nY through discussions director8 and thgr m8n8ggm8nt. arrfl from c￿r rJ)mrn8rdal kn￿Med90 aThJ eXF￿￿nce ol the chanty Investsnenl property sector., fo¢us¢d on $pWr￿ laws ond ragulat￿S ￿81¢ye￿d 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, •m￿OY￿&nt, •nvw#n8ntal and h8aMh and saf8ty18gislation', assessed the 8Xt8nt of comphance vith and regulatic￿5 idenlifiod abm thrcoJgh makiryd enquiries of management and ￿￿ecting legyl rA)rrèsrAN)d8rth: and 8nbfi8d Lq*s and raguLati¢￿S w8r8 communuled tho aulit le￿ regukrty and th8 team remained alert to instances of rK)r￿pI1ar￿e IhroLWoul the 8￿j1L 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 Manag￿nI as to they Itwe WaB SY￿p￿billty 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} To addross the risk olfraud throwjh managamnt bias o¥wri¢kn ofcv. vo d•sh3n8d woc&Jure whKh induded, but wwe not IHnrtBd to.. agrn8ing finarKial statem8nl disckisur•s to Un￿rf￿ng supwfjng downont•llM: readir¥J the m￿Ut$S ol m8•b"r¥3s ol those thar98d wilh govmn¢¢: enquiring ol management as to aG*ual arK1 wt•nlknl litigalll￿ 8ThJ dakns., and There 8r¢ inhgr•nt limllatbns In our 8￿j11 wo¢*Juros d•s¢rlb8d above. The moro removed th8118w$ 8nd reguLqts"on$ gra from financi* tranSa￿on5. Ihvj it * that WO V•r)￿d becryne aw8re ol non-com￿￿8r￿. Auditlng stsndard8 akn limlt lh• 8LKlit wo¢wJurns wu¥ed to non-c¥¥npll•K• vhth and r8gulaUon8 to ol the directrys olhw mgrwmont and the of r•gul•tryy ar￿ Wl ￿Tr•spOndOnCe, If 8ny. Mat8ft81 mlsstst•m•nts that artrA thJ• to Ira￿1 C￿ btr hardw to than th080 tr￿t arise from error as th may involvo d8lib8rat• concaalmenl or ColhJSh￿. A further des¢ription of (w r￿p￿￿1b41•ts88 for th8 aLvJit of fAwKaal slat•monts Is kKated Ihe Finandal Auditor's roport. Us• ot our r•port This rep)rt is made srAoly to lh& thaiitab18 companrfs membern, as a body. in ￿rdance Chapter 3 of Part 16 01 the Compani93 Art 2C#)8. Our 8udrt *rJrk has been undetsken so that might state to th• charitabl8 compan￿3 rnemb8ws thosè matters we are r•wire(I to slaiè Io Iham In an AU￿￿Or8 report and lor no other purpose. To Ihg lull&st èxtent perniittod by Saw. do no¢ 8ttOPt ¢¥ aSSLm8 r8sponsibility to anyo￿ othgr th811 thg ch8rilabla CoMp￿Y and lis mernbers, as 8 trAdy. fw wr audrt work, for this report, or for Ihg opinions w hav& k*rm8d. Page 10 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 Pa￿11 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 rw*8•d in the ￿•r. The note8 on pages 15 to 28 torm part of Ihe80 fin￿#1 BtatwY￿l& 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 f*lln9 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$3 6S,156.097 Charlty fund• Unr•8trfcted furKI8 15 7%J89.453 65.156,097 Totsl fvndl 74889M53 65,156,097 The Trvstees acknowkdge Ihwr reSP￿￿tAllI*S tor Compl￿'n9 wilti lh8 requirwnents ol tho Act W5th￿8&PoCt to a¢¢wnlwrfJ rK¢rd$ 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 I￿00 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$po881 of invwthw 11.395 32,840 1.000.OQ) N•t u•h pro¥ld•d by Sn¥Mtlng Ktl¥ltl•• 11.305 1.031840 ¢h•ng• In ¢8•th •nd u•h •q¥l¥•l•nls In th• y••r CA8h ￿ cash •qulval•nts at th8 boglmkng of th• yoor 1371A15 2.310.71X 7.954252 5.643,548 Ca•h •nd •tylv•l•nts •t ¢h• •nd ol th• y••r 22S167 7.9S4,252 Tho notes ￿ pagas 15 to 28 frym part dth888 finan¢xal slatamorts Pag& 14 KHOO TECK PUAT UK FOUNDATION IA company limit•d by guarant••) h%OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JO JUNE 2021 G•neral Inloffliatlon Khoo Teck Puat UK Fwndation s a company limit•d by guarant8• irwporat•d In ErvJland and Walas. The Charilys register&l Dumbw is 1142788 and the r8gist8f8d offlco is 5 F188t Plac8, London, EC4M 7RD. Th8 M8m￿r of thè ccvnpany is Khthj fèck Puat F￿r￿JaIl￿. In Ihg evenl of the Foundation beiThJ W￿jnd up. th8 ￿8￿lIty kn r&sp#rt of gugrtynt￿ is limit￿ tts £1 w fflem￿r of tho Fwndation. The finanoal stat•m8nts are wesanted n Sto1kn31£1. Accountlng polkl 2.1 Bal￿ of pr•p•r•llon of Iln•ncl•l •tat•m• The financwl statements hav8 been prepared in accordance the Charitws SORP IFRS 1021 - A¢eounting and Reporting by CharTrtss.' Ststement ol Reccrfnmend8d Prncb"ce applicabl8 to charlti•$ prepartng their a¢¢￿￿t$ in 0¢¢orda￿ with the Fin8ncial Reporting Stsndard applicabl8 in th8 UK a￿1 ol Ir*land IFRS 1021 Itffo¢tNo 1 January 20191. the Financial Repo￿.ng Standard applcabte In th• UK and R￿ubl￿ of 1rnI¥￿ IFRS 10218fvJ th&CorwA&s Act 2006. Khoo Teck Pual UK Fc*JThJ8tKJn meots th• definitlon ol a public b8n&fit 8nb.ty FRS 102. Ass815 and liabilitios are inrtialty recoaTh8•J at hthncal cost ￿ Iransactlon vAlug y￿5$ otheMis¢ stsl•d in tho rol•v8nt arxoUr￿ng 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 penc*J of at bast months from the datg finanri81 ¥taternent$ wwe approwd. Ac￿rdI￿jty, 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 am￿nI of inc￿ne receivatle can bo M￿sur9d fèliably. Inv•skn•nt itKom• ¢crfnprws ￿1•1 income. wvrA c*arges oilw roc0￿rI•S frorn t•nants of thè CO￿panYS 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 raqUw￿I in s8tt18m•nt and the amount ol the oblvJatw cw be measwed rnltably. Expenthture is daS￿rIed by activity. Tha COBts of each actiYTty are m•Je up of lh8 totsl of dKect o)sts and shar8d costs, i￿luding support C05tS Invol¥éd in ur*Jertokry 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. c￿traI 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 TA*h ad￿￿nL￿1ratk)n of thg ￿mponY and npliarK8 ￿ con8lltut￿na1 and ststukny 1w4￿r8￿￿nts. Costs of 9onoi•tty ftthJ$ ¥• c£4ts kn 81tr8Gtiw Nx*Jntary In￿rne, ar￿ thoBe In(yJrred in trathng 8dviti•s th91 r•i8• fur*J8. Charllable gcuvftlos aNI Gob*m8nco cJ)8ts 8r8 cost inojrrnd ￿ tho CLThmponls op8rA¥oi$. kncludlnq 8upm coq18 c08ts roknthJ to lh• of th• ￿￿panY appJtKin8d to ¢h•rltabl• aL*ivitie8. 2.5 Int•r••t rnc•lv•bl• Intar•st on ￿ftd$ h•ld on d•pNrt Is kn¢ltyJ•d r•c•fv8ble gmount can b• moa$urod r•li8bly by th8 eomp8ny," th* Is rM)mi¥Hy LWI r•)ttfkotth of th• Interest ty paya￿ by tha InBtltuUon whom tho lund8 ar• d•p08rt•d. 2.6 In¥￿tm•nI wop•rtJ•• lrbVtttM￿t Fxopaty is carr*1 at fair ¥3￿ detwMin￿j annually and dwived from the current rnarket fents and In￿￿•nt prwrty ¢fynp•rgbkn r981 0$ts18. adjusted rf necessary f(K any difforonce in th8 natur8. cthwknji of th• sp8cth¢ assgt. No dgprwation * prov￿$d. Changes in fair ¥afuo aro r•cogni8ad In Iho sl81omont of financial activTrbg5 irKorpor8tirg inwme 8nd oxperhjrture accwnt. 2.7 O•btorn Trwje and other dBbtm ¥0 rects)n￿ed at ihe seltlemonl arno￿1 after ￿Y tr&Jg IHscount offered. Pr¢payThonts ￿ Yok￿￿ 81 tl* w1￿Unt ft81 ofany trad& di8o)unts dL*. 2.8 Cuh at bank and In I￿nd Cash at bank and in hand Indudes cash and s￿-tami hhjhty hquKI inb*stsi)•nts vthh 8 short m81urity ofthre8 mcrfths cff from tha dala olacquislt￿ ￿ wiln9 ofth8 dap)sit LY Slmlar wunL Page 16 KHOO TECK PUAT UK FOUNOATION IA company1Smlt•d by guarani8•} NOTES TO THE FINANCIAL STATEMeNTS FOR THE YEAR ENDEO 30 JUNE 2021 A¢¢ountin9 poli¢iM {¢Ontinu￿) 2.9 L1¥biliti￿ and pro¥l¥lon• Lwt*litws ara r8cognis8d therg is an at the Balance sheet dats as a resull of a past vent. rt is probable that a transfer of eco￿n￿ benefrt b& w￿red in setllement. and the amwnt ofthe settlement can be estimaled rella￿y. Liabilities aro at tho amount that the Bnkn'pato8 it *ill pay to Betskn tho debt the amount it has I￿Ved as adv￿Ced for the or services il must providB. Proms¥￿$ or• m¢asLY¢d •1 th$ bgst ￿￿"Mat¢ of tho •m￿nts 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 Stat￿￿nt of fin¥dal ￿ts￿All8$ •$ 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¢ fi￿n￿¥1 N)strumonts are inibalty re¢ognisod 8t tran$thin valuo and subs￿u¢n￿Y me85ur¢d at thwr settlgmgnt valug wilh ts gXCgPtion of bank k)•ns vthith ¥r¥ Subsequen￿Y m￿SUre￿ ot am¢Thlo¢d c4)st u*ng lh& ¢ff•¢bv• intof•st nWhod. 2.11 Fund •ccountlng General flmds aro unrestricted funds whKh are ayalabkn for u50 at th• diScretic￿ of the Trustees In fvrlherance of the general ot4'ective8 of ihe company and t•thi¢h havo not been de8lgnated for other purp￿$. In￿SImOnt Incc*)19, g•ns alltxatod to th• apprwwto fvnd. In¥￿t￿•￿t IncoTh• Unr￿trICt•￿ 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 In￿lm•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 An4￿1* of •xp•ndltur• on ch•rK•bl• •Gtlvltl 8umm*ry by fund typ• Totsl fvnd• 2021 lund• 2021 nd8 2020 Audltors. ncffi •jO￿ c¢81s Auditors. r8rnuner8i*Jn 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.$00 19 9H508 691,053 Total 2020 678.534 12,519 691,053 AUdIt￿ts r•mun•ratlon 2021 2020 Fa•s payabb to tho ¢ompgWs au¢Alor for the ofth• c4xnpanV• annval acccxmls Foes payablo to a￿￿tty Mi OP +WI non-audit Wvi￿S not Indud&J 8t￿ Tru•tM•' r•mun•rntlon and •xp•n• During th¢ ye8r, rK) Tnjstees r8coiv8d any rernuneratnn or olh8r b8rnfits12020- £NII). Dtsring Iha y•or 30 Jun• 2021. Tr) Tnjslee expensos hava ba8n kncuttgd12020- £NILI. Pag• 19 KHOO TECK PUAT UK FOUNDATIOM IA company Ilmlted by 9u•rnntw) NOTE3 TO THE FINANCIAL STATEMENrJ FOR THE YEAR ENOED 30 JUNE 2021 10. ￿V￿(Men¢ pvop•rty Fr••hold In¥￿tment property V•lu•tlon At 1 Juty 2020 R•voluolI￿ In y•w 101727.191 {3.083A191 At 30 JU￿ 2021 104143.772 The 2021 ¥a￿l￿)n& ￿re mado by the Tnrnteos balod on an open mark•tvahJe for exi8try uve baJi¥. 11. 2021 2020 Du• aft•r mor• than on• y•ar Oth¢r debtors 1,348.384 1.404.015 1,348.384 1,404,015 wlthln on• y•ar Trad8 debt￿S Other debtor8 Prepaymen¢s and 4¢¢w¢d In￿m$ 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 reb￿d 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 f*lllNJ du• *ft•r morn on• y•w 2021 2020 Olher loan8 Oth•r ¢rgi*torn 38.528.619 1,348,384 1.404,015 39.877,IK13 1.404,015 14. Fln•ncSal In•tTurn•nt• 2021 2020 Flnandal a*￿1¥ Financial assets rM8sur•J at faff vau8 thro￿ i1￿ and expondrture 9,225,667 7.954,252 Financlal a55els measuTed al fair value th1O￿h irKcrfne expeThJibJre C￿p￿se 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 Bal*nc• at 30 Jun• 2021 B•l•n¢• •t I July 2020 IncoTh Exp•ndlurn TraMf•r• Inlout Galn*l (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• Uthr￿trIct•d fvnd• Gener￿ Funds- R8v81uallon resor¥• 75.230.985 I.￿,107 5.197.820 1891.0531 114.$81.855} 85.158.097 {1,968.107) 77,199.092 5.197.820 1691,0531 116,549.762) 65,156,097 pa￿ 22 KHOO TECK PUAT UK FOUNDATION {A CoM￿nY lirnrtod by 9u•rnnt#•l NOTES TO THE FINANCIAL STATEIAIENTS FOR THE YEAR ENDED 30 JUPIE 2021 Summary of fiJnd¥ Summary ol fvnd• • curr•nt y•ar B•l•nrn at 30 Jun• 2021 B•lJrt• •t I July 2020 Tran•f•rn Inlwt in•1 (Lo•u8) Incon￿ Exp•ndltyJr• Genor41 65.15&097 4309.902 11.139302> 9,646.075 13.083N19) 76,089A53 SuMm•ry oflund•. wlor y••r Balance at 30 Juno 2020 8*anc8 at 1 J￿Y 2019 {LO￿eB) General frJnd• 77.199.092 5.197.820 1691.0531 116.549.7621 65.156.097 17. Analy•b• of n•t u••ts b•tw••n fund¥ Analy¥￿ of n•1 •u•t• b•lwwn fvnd•. ¢wr•nl y••r Unr••trl¢t•d lund* 2021 Totsl fvnds 2021 In¥e8tment wowty D•btors du• 9ft8f fi￿rn than OM yev Current asBets Crèdrtors du• vhthln cffle y￿1 Credrtors duo in morg Ihw ono 105,643,772 105,143.772 1.348,384 1,348.384 11.457,250 11,457.250 12,682,950) {1682,gsoI 139,877,003) 13rf,877,0031 Totsl 75.889,453 75,889A53 Pag8 23 KHOO TECK PUAT UK FOUNDATKIN IA company Ilmit•d by guarant8el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 17, An¥ly•i• ol not a•Mt• ts•t¥￿ fvnd• Icontwiwd) An•ly•l• ol n•¢ b•twMn lund•. wlor y•Jr Unrestricled nds 2020 Total funds 2020 Invgstment woFwty Debtors due after More than one yow Curr¥nt assets CreditcK8 due wthln one year Cf4dito(s dua in mcn Ih8n ono y•or 108.727.191 108.727,191 1,404,015 1.404.015 9.329.822 9,329.822 152,9LKI,9161 152,9rxi,9161 11.404.015) 11.404.015) Totsl 65.156.097 65.156.097 18. R•condliallon of n•t MO¥•￿ In fund• to n•1 ¢Mh blow from 0￿1*11￿9 actl¥ttl•• 2021 2020 Net IncomolexpeTrJiturn fLY lh• yaw la8 Por slatsm￿lt of Flnandal 1.087,281 112.042,9951 AdJu•tsn•nt• for. Intaregt In¢(Kn• In¢reage in debt 08ueag8 in creditors Nel f8Y V8lu¢ 10886$ 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. An8￿1* 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• C￿n9•* 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 j￿7• 2021 th• lowttlat￿ £nl {2020.' £Th1) c¥xnrn*M￿IS kn r88F*cA of grant8 aFvThad for proiacts ￿leh hav8 b88n accru•d in th• fina￿081 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 F￿ndalOn o¥h*d £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 pro￿ty 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￿ T￿k F4Jat F¢yJndal*Jn. a cornp8ny limfted by guHrnntg0 and Inc(xporat8d in Singapore. The r8gi8tered offKe wmress is 21 Mount El￿a1)eth. #02-00 Yiwk Hotèl. Pa98 26