SINTINDERLI( FOUNDATION LIMITED 02509711 SANTANDER UK FOUNDATION LIMITED A company limited by guarantee Company No. 02509711 Registered Charity No. 803655 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 •AB05)FZS• 23109r2022 COMPANIES H(NJSE A24 #229 NTANDER UK FOVNDATK>N LIMITEO - 02S09711 ANNUAL REPORT AND FINANCIAL STATEMENTS 2021 CONTENTS Page Referenceand •thThri5tratwe (kts15 Reportof ihe Trustees Indepwylenia￿rt01S. ie io sts*mentol Ilnan(k4 (50FA). irtomtandèxwnditureaccowi 13 8aLince 5hoet 14 Cath Sl•ttyment 15 No￿5 totheA￿￿(la1 SLrytemwrts 16 SANTANOER UK FOUNDAIION LIMITED- 02509711 REFERENCE AND ADMINISTRATIVE DETAILS Tru51tes CP Falh IF Cowns Dknn J Andeis¢n IM Moran Fowdation Se£Telaiiit S•ntsTrJer Seiretsriai Ser¥iresiwriied C￿rt￿redAcayArt1￿ts and Stsluw Pncewateihou5eCoopers LLP . 7 We LoThkn London SÉI 2RT 8an*ers Catei ANeD Limitsd 2 Tiiton Swarè Regent's Wace london 14WI 3W4 Regtsierod offi 2 Triton 5waff¢ Regent's Pla¢+ London PW41 3AN PAnc¥Jal athlrÈss Sèntsnder N¢w 201 Giafton Gate fa51 Mdion MK9 IAA SANTANDER LK FOUNDATION UMITED- 0250971 I REPORT OF THE TRUSTEES The Tfusttes present t￿11 iewrt tr)9ether Wlh the knnc411 sts￿Ments for Ihe ￿ erthd 31 De(•))bw 2021. The iemand finarK state￿ts ha¥e been Yepa￿d in aeCaTdèKè*ith theaccounw thies sd OLrt ￿ rw)te I lo fv f￿￿rK￿lI a￿j with thè charity's gu4erMrtJ (tKurnEnty Ihe 2C(6. the chèrritiÈsP￿l 101 l and tr* Fmarthl Rew￿r￿j St3Alèrd 102 stsi•mint tsf Recrrnendèd fvactsce IFRS 102 SORP secthj eth"tKffi-Octotr￿ 201*. prÉp3ring a 5tratrgic Report TheTius*e5 thWhouttheywa￿I IL7J* dète ofihi5 Wv4*ve a5 fo*Mx' CP F*lMs sw￿1% IF Ccains CJ AndÉisc IM Muan 5antsndeiUK FOu￿ak￿lINEd￿PWXI1￿L%1 reg￿￿1{hU￿￿nO 103655land alLryaryknikn6tygL*ran*el￿). 025097111. go￿￿1 by Mermrantlum Midesof AS￿￿•t￿)n The FrNJTrJakn*as Or￿ated on 8 199 Tru5tee5a¥e elECled ty the ol atthtGwal Mteiin9 or ￿￿litt￿ utthi èl P￿be￿￿&31￿le tovo*ai the Ger*ral Meetirq. The Tr￿lP￿S3re atso ciioctrms fu Ihe PWK#J5eS ol Ctsmparty Law. Th2Tru5teÈs ale %lecied to IYin9 a dwer5e of eygerwKeand krky+vledp to the rt4È. TW mtei fewkty. usuaty cffi 3 quartety ba$6. T￿TruSte¢S do IpNJih ol offKe A tthgspwth 15 wewied a￿1 aweed ty Ihe Tiustets tath fIna￿la1 yea¢. A quwtef ep)rt eyAmine5¥rfwrn•i￿ agairst the agiffd W. Trustees are W￿￿jed w*th an pèck contsrung a of the FoundatK)n'5 o*clNeK and mosi ￿eThi Annual ReFort •id rinancvdl 5ts1effwts. TrFwnda1Y￿ 5ffreiary VA IW thxussknith ￿ Twstee ￿ backgffjuTrJ aodcurreni bu5feS5 F4Jn ol Fc4Jndoii)n. The Trustees m¢tM 5¢x¢as•)ns LIMin9 the)*afwded 31 Decenth 2021 12020. *. 9raThts ￿ ratbf*d ata mE2tiNJ 01t￿TrUSte¢s. A 9￿jr￿1 of M Trusthes is Ihp rrw¢Thnum re4UitEmEnL Grants of oler t10.￿ we Tru5*e •Th4grantsofv￿r E30.(W are aFFr￿￿￿ Tntsieek Thef0￿d￿l￿'SrdJ￿d wrt*s¢onststcl SanknthtUK Caty Akn Sèn13Th*r IX Grwp Hok*n95* and Baneo Sahtsfidei SA. tyt rtue of Banro Ms owllorshy and of Sanlarwkr UX Gw It￿5 plc. ThE of Into the FowdalK)n are frcm SantsndEI UK pk. n*iinTrIewwJreg￿r￿?n e5tstr.s￿d￿2019 r¢•uY¢dts S*)urth UKFoLV)daiI￿) ￿eStab￿h ananr64en9th rÉ&tionshipwithSan¢ander UK plc Iherefc•e. the tteatoj 4 5eNKe le￿1 p4eerr*rt p) ptySani**UK Ftt ser￿￿$ wmled iy Ihe conyany w 5WPYt ihe Founthlion xlYiitiEs Yho Coryany's ￿ ￿*r￿ge￿￿nI fKu¥e50n the ￿¥￿•re•S0f hknMJity, ￿￿￿eting Ope[3￿￿1 Mk. R¢k rrwwg•Trni 15 out by ihe ttntr* lisk r[￿r49e￿I tunaH)n of Ihe SanundEr UK G￿p. Authtyity from thè Sarrtaf¥JÈr &eup Iloklrg5 r4c 8oard ￿ ihe Chlef Executi¥e Officer and Iwm to thev d*ert iewrt5. Dele￿￿] of aulhr*ily IS to FoTmal Cormr•tt￿ are maintained ILY effea*4e Mana9ttThntofoYew￿ a￿￿￿lty 15 dethyl fr(¥n IhEPEthI th ale ￿trn¢Yed The ￿10T￿￿*S Ihe£haTIty Is exp)sed 10. asRJeniif¢d ty ￿ Tru51eex are 9rani fraud. Tepui4tvJnal rhsk afwj a vaf*ty ofthalws è1tsin9 Irom the comrAexTrs ol a toundèiion WTth a ynal number ol ￿%1 hwts TW ale ffl￿a￿ed ty the and wrrk is unden2ken 10 ithn￿fy rlsks aThJ ffliligate them **re poss*4e. Steps be ￿￿en rext year to 9Trhv tr* le￿￿1¢e5 avala￿￿ which help with the ¢Y*nagemeni of alol Ihe rnapr ri*5 the knJnddiK)n fK¢s IE r5anticipaied th•¢ t￿le te *lMartce5the appbratspsrecewed either￿ ￿lflOr ￿¥￿ed￿re$￿th ihe purpose 10 altow th¢ appficani ro Obta￿ f¢As from ￿ Foupwjaiwy) thiwr to cau* The On￿ rth*mEnt in restrthd reEeNes t￿11n9 thE year has been Ihe Irwe51meniincomaearrted tyi FuThJ p￿rfO￿. Uniesiricied funds repre5enl 19,4% of totsl rrsw¥es e9￿￿￿ to (4.229.465 Q02D'. £2.588.5￿. unre5trKted re5erwo ronuitute •n arnunt 9re3ler than the rytt)nthW trera9e ei[*￿IlL￿¢ M grlrbts thjrry the yeai. The F¢wThja￿ is therelore its reserves are r￿l￿rdInEd ih accordance vith lh• iE5eNe5 WIKY as dixuSSEd t￿0¥* The 0$￿In￿￿j47.2￿o1t0{al reSe￿se￿i1r#jlo ClQ283.598QOX).' E9.397.144)retste5I0m¥￿l#￿9•r￿arP*n9ffr*Mthe ￿1￿(re￿1P￿doko. SANTA￿ER UK FOUNDAnoN LIMITED- 02509711 REPORT OF THE TRUSTEES {continu8d) Tre of the Foundakn used kv gtant wrkws. Grants ale￿ 4i¢ed to Ihe exknt Of￿alLIb￿ ￿￿rne. The hès ￿pI￿te5. Due to fin9.f¢nang rtydatx)rt ith 2019. the F￿j￿dItimWès reqwed to ¢$￿￿h an arff6*rffjth relati(wthpMilh Santsnder UK pk to pay foi theseNKes15tstf and infra51nJrturel ry(Y4kled iry Sontwth UK ￿£. The tsatso iespJnslt4e eMvlr*J cefitracts to cts¥er Ihe 105tsof the ad￿Nn1￿1ralkn gl the . fvno rentin￿5￿ pTh*Je a 5faNe rrtwnkn tt* F(Xjndowi*￿ 1$¢￿ty51￿t￿th thÈfwrthlty)ThtseyrtatK#lSKsseek n¥JthTa*grtyvth IrL* its H)vesiment ￿rtI￿v) Wary5 foi Ihe Fulu The new 9rants pr(tyian￿e. the Sani*)¢lv Fou1￿1￿*1 Trgital& FwwKbal hjnd loi 28 June 2021 to 13 A¥w5¢ 2021. arml a tetsl 01455 sub7•1red The ie5uli exceeded expea•wix and li helr*d to consolidè* the Inv￿rKe of thgial and fina￿141 irthygn as a relerfant •r¢a fu Ihe (hatlty 5ett(K. Con5ideiw Ihe ey¢*J￿)n of the Fovndatiw 5tiatr9y. arnkntion LS to esiAblish a and ¥aluable **th the 21 funéttj pwtner5 sekned kn 2021. lo tlos arnblbjry the Willwrk ln pannE15hp*ilh WC tothek)pan mnitoiwvjatyj fv*w*trkaTh*creaierwpytynthe5fu fundEd ParfnEtstoshawt rning •rvJ be51pia(kn. Related partie5 The￿￿tsd pariw¢JfSanI￿uKF￿rfa￿rnIrteda￿£ClIIxkn￿ * be Saoi•¥Jer UK Gr￿p￿￿￿1T#J5[￿. C•terAJ￿n knrrutEd and Banco Santsnder S•1 Il*f ttsethEw th tht Tntstee5 and thÈTiuASetre&liÈS. Refw tonots 15 det•15. athlilk)ry dwiNJ ￿y¥l. ￿tA￿derf LK FkCEO m*Jè èu*off tash of £324,¢￿. SANTANDER VK F(XJNDATIC*4 UMtTEO- 02509711 REPORT OF THE TRUSTEES (contsnued) Ststemtni trl trustees. The trlb51ee5 are aho dweaors ol SaniAnder UK Fo￿￿1￿]n Lirqied loi the pwptyAsof fonyany lav4•reoswb* lor the Tr￿lee5. Anr*Jal Rewrt and th* I￿•￿￿1 sutrn￿ty in ac dtsdased and eXF41￿ ￿ fv"flnancTral StstsrT￿lS and eparè thefinantk11 un IhÈ 9D￿9 Ctq)ttm W w*ss it b) weyJn* thatthe tharitsNe coryany will The trustsesaie iespMgb* for keeF¥n9 athqvate acrtyJntry rec4yd5 thèi are expl•iTh tryi￿￿1*0￿1P (oryany's tranSaCt￿n5 and d6(b* ieasoAaNè attwat ariy limo the pxrttshof ct¥￿1rryaThJ enabbe ihem w eDsLwe the Iin•Kt siatefflents crompty ￿th fv Coff4w*5 Art 21Th. TW area159 lor 5bfeguJthr9 tl*4Yets offi￿ thanlAt4È tornpxry and ￿t￿e loi kin9 rpasanail¢ £t¢ps fL¥ the and deteciK¥) ol afyj iNeyLrfarikn. The trusieesare respM9b* maIntena￿e aThJ w)temol ihe £hèritst*coyrf%tA*tsite. Le9*l*Yb Wl ilniwl Kin9JDm4trrfémi Ihe prepaiawiind (li55efftrnation ol linancwl statements thfler f￿ffl ￿giSlati￿ olher lur15dKt￿Trs kn ac¢i*dafice￿th Secr￿￿ 418. th"￿(￿￿. iepofts thall ifid¢*Je a ststeffenL in Ihe case oleath threcty in olthce ai the thte the dirertors. tewt is awcmed. thai". ts150 laf a5 the ¢1u5tep 15AW4lt. trre b5 VK) reknantAudrt Inf¢JwrTralw)nolvAwth tr* cthYWarry'sè￿rtry5are ur*ware'. and Ibl he has ￿ten 11 ihe ster6 that l* ro hove 4*en a5a IN￿teV in orthrto rrkike himA awarè ofaTry thaTht authi ￿forMa￿.On and loolaw that the cowhy's a￿lti￿$3￿ aware ol tr*1 irtknhab￿. stat￿￿¢ ol GoiThJ The Foundation's bjyness togeiiw %*th fv lact015 lkelrf w alfert fuwre ￿￿¢￿rr￿r￿p aThl p)ulion are Sel out atr>)ve. The hnanchl Po￿1￿)N of the ftyAdai0￿ its bouithty P￿t￿)n arrtl b￿r0￿r￿9 faolit*s a￿1e1￿JI fin¥￿&11 stAieffwty The FtyJndation hès&leqL*ie hJTh15 ￿ F4ace f(K madp. The ha5 no emplrtyee5 and no grants art (orrthttéd uNess hjnds are in pth¢e. SVrt)ufd no fvrthtr fvrlj￿A be made 3vadab* w Il* FcoJrdatth. there a￿ suftic*nt lund5 avafj** ￿ mEei its cornmilment5 As a censeqJerKt. ￿ Trustees belw th•t the Foundalmln 1% *ed to w￿nIg￿ its b￿lnesS li5k5 5UtCES5funy th5we cwrenr urKenain The Trustees ha¥e a iea5MoWe eyoatiw thit ieource5kn tontnL* in0wai￿al e￿er￿e forat (l* period of 12 months fiom dale the financthl thy tssue. A(c￿d￿￿￿. tw Contin￿ W 4thwt prq ¢ffi¢wn b3$6 of acawfttin9 in prepanrg the anThJal reprKt and f￿￿rK￿l 5tateThrt. Impatt olc￿d-l9 In 2021. the￿ in terr￿ of the oroJffl5tar*e5 tre Ctyd.19 *KhJL*"n9 its inpxt thp econ(*ry and up)n and oltKe %¥Thkir4 aN•ngetTwits Tr* C¢)YPOry io nminrtor the imwt of C(%hJ.19 on its operaiions and CU510mers intend5 tt> *ke a . We have audited the financial stalernents. inc]uded withiD the Annual Report and Fiuanciai Statement$ (the-AnD￿l Report?, hi¢h comprise: thebalancesheet as at31 Dtternber2021: thes1aten￿nt0f finattc1￿ artivities{SOFA)- inc¢xpor•ting$ummary ineome and expenditure &count and thecash flow5taternent for theyearthEn ended. aud the notes to the fittanci81 statements, whieh include adescription of significant accounting pojicies. Basis for opinion Weeondutted our audit io 8￿rdanCe with Intern￿lo￿al &andaTds on AuditiDg(UK) (￿sA$ (Ufjj and applicable law. Our Tesponsibilities under Isks IUKI art hJrth•r destrib￿ itt the Auditors. reSpo￿lbilitIeS for the audit of the finaDcia] statements sectioTh ofourreport. Webelieve thaE the audit ￿der￿e we oblakned issufficient and appropriateto provide a b&sis for our opinio IndependenGe We remained independent of ihe charitabk cornpany in accordance with the ethic41 requiTements that are relevantto our audii of the finanelal statements in the UK.whith includts the FRC'S Ethita] StsDdard and weh#Ye fulfilled our other ethital resw)nsibilities in aceordaDce wAth these requiTemeD Conclusion5 rolatinB to going concern Based on workwe have performe4 we have not identified ally material UDtertainties relating ￿ events or conditions that. individually or tolleetively. may casi sign7firant doubt on the charitable compan￿5 abilityto Continue as a goingconcern for a period o(at lea$t twelve rnonths from the date on whicb the fin&r￿lI1 ststements are authorised foTi55Ue. la auditillg the fin•n¢i•J statemenis. have thnduded thai th trustees. use of thegoini cfjn¢ern b)sis of arJ))ulltiD8 in the preparation of the financial ￿aterne￿ts 1$ appTopriate. However. because not all fijtyre ev•)ts ortotidiiions be predidd this condusion is Dot a guarantee asto theclwitable ompan*s ability to CO￿tInUe as a going cofj¢ern. Our respon5ibilitie5 and the tEsponsibilitits of the tn￿te¢S with yes￿lt0 goingwnceTn are de5crt￿ in the Televant seetioni of th58 report. R¢portins on other Information The other information cornprises all ofthe information in the AThn￿l Re[￿rt otherthall the finarKial 5taternents aDd our auditors. report thereon. The trustee5 are respoD6ible forthe other inforrnatl0D. Ouropioion the finthcial staleTnent$ does Dot cover the other information and. aecordingly, we do not express an audit opittion or, e¥eept to the exteDt other4*75e explleitly st8ted in thi$ report. any fonn of a5suraDce thereon. In ¢onnection with our audit of the financial 5taternents. our res￿n￿￿lity is lo read theotheT ijrfoTrn•tion aDd, in doing $0, ¢onsider whether the other iDfornLatlOD is m8terial]y intonsistellt with the fin8￿ClaI statements or our knowledge tsbiained in the audit, or otheThvise appears to be malerially nJisst4ted. If we ideutifyao •PP￿¢￿T material iuconsist¢DCy Dr material missiaiemettt. we are required to perfornj procedure5 to CODclude whethertbere is a malerial misstaiemtnt of the financial statemenis ora material mi55tateTnfDtof the other inloTmation. If. based on the WOTk we have perfornied. we conclude th4t there is a material misstatement of this rtheT inforrnation, weare Tequiredto re(N)rtth•t fa¢t. We have llothillg to rewjrt based on these responsibilities. Based on 0￿rwork undertaken itt the COUTSt ofthe audit. the CompaDies Art 2006 requires us also to teport ttrtain OPiniOD$ d matters a% described below. SANTANDER UK FOUNDATI￿ UMITED- 03S09711 Independent auditors, report to the members ofsantander UKFoundation Limited (continued) Report ofthe Trustees In our OPiDi0n,b￿d on the workuDdertskeD in the ujwse of the*udil the in(OTmaiion giveD in the Report of theTwstees for the financialyear forwhich the financial ststemeDts are prepared is eott$isteni the finanual Sthtemell￿ and the Report of theTnJ*eesh8sbeen prepared in ae¢ordgnce applitable legal r*wlremet￿S. Iuaddition. in light ofthe knowled&e and undetstaDdiDg of tbe cbaritsble companyaDd its eTrviroDmentobtained ill the c￿lsE of the audit, we are required to report rfwe hknridentified atty mateTial misthtemettts ID the Rep)rt of the Trusttts. We have nothlng to report in thT5 respect. Resp(trnsibilities for the finandal slatements and the audit Itesponsibilities of th¢ rrusleesfor thefinanoalstotements As &Yplained more fully io the Staternentof trustr¢s' re5POllsibilities. the I￿￿tee5 (who are a]50 the directors of the d￿ritAble company forthe purposes of coMpany￿w) are responsE￿]efOrthe pRparnt?oD of the finaneia] ￿ateThe￿ts in &eeordaYJ¢e the applicable frameworkgnd for bein8 xtisfi￿1 that thty give a trueand f#ir 7Aew. The tru5tEes NrE aboresponsible forsuch internal control as they determinE is necesswto ¢nabk th¢ prepvatiw) of finaacial statemeDtsthat are free fmrn maierial miW•tement. whetherdueto fraud oretrc*r. In prep8rin&ihe fitttyt)¢i￿ stitements. the tr￿￿ Ire ￿sPOnsib￿ for asseg5iDg the cbaritablecompanYsability to continue 95 8 gDingconcerD. disc]￿1￿& applicable. matters TelBted togoing concern #Dd using the goin8 CODcern basis of accounting un1¢5S the tru5teeseither intend to liquidate the tharitable comp￿yOr to ee&e operaiion5, or h4ve DO rtalistic a]ternative but to do 50. Aiiditt)Is' responsibilihesfor the audit of thefinanaal stofements Oyr objectiYe5 are to obtsill rtasonable a¥syraDce about whetherthe financial stateTneDts aSB whole arefreefrom material misstateTnent. whether due to fraudor eTfoT. and to i55ue 4uditor5' report that indudes ouropinion. Reasonable assurnt)ce is a high le%tl of a5sUrance.b￿t is not 4 8uarantet audLI conduttÈd it) &ttordantt i¥ith ISA* (UK) Mll always deteei a material rnisttaiement when it exists. Mis5tibieTneDts ¢8n arise from fraud orerroraDd are considered rnaterial if. individualty orin the aguegate. theycoyld ¥e¥onablybe upttted io influence theecoEtomic decistons of I￿r5 taken on the basis of these financial statements. Irregularities, ine]uding fraud. hre iOSthDees of tstso-eompliance with laws and tt8ulaiions. We desi8n procedures in line with our respousibililies. oudilled al￿. to detect material mi$4atements respxt ofirreyhrities. iDcludin8 fraud.The extellt lo which ourprocedure$ar¢ capable oldeteetins irrEgularitie5. inckndinKfraud. i5detailed below. Based on our under51atLding of the charitable compahy. we Mlentified that theprintipal risks of Don-compliance with laws and regu)ation$related toihe Chatiiies Act 2011. And we toosidered iheextentto whith Don-￿mplianCe might have a rnatsrial effect on the finan¢ial Statemen￿ We also considered those laws and regulations that have adirect irnp￿ Ot) the finaTrci*l ststemLlItS Such as the Companie# Aet 2006. We evaluated management's 4nd opportunities forfraudulent manlpulaiion of the fiDanual statements (iDdudio8 the risk of override o(cotytrols). aDd detemxiu¢d that the priti¢ipal risks were related to WlittÉ inapproprialeiouttta]s to manipujaie fittnntial tesults or tonceal the MI￿pprOpri01]0n of assets and tential managemeDtbia$ in accounti48f#irnat¢& Audil procedure5 perforrntjj induded: Identi￿￿& aDd testing journaieDtrie& in particulaTiQUTnoi entriesptssted with unumd attount tt*Mb]nati￿Isto expettditure aceouN obtaining Confirn￿lIoos of ea5h balaD(ts aud material In￿StMent valu•i4ons a54t 31 fwmber?021: testing the re¢osDition of grantexpeDditure line with terrns of thegrant awards: enquirfftn8 of management and the board of trustees. indudinz Co￿lderatIOn of koowD orSus￿ded instances of In-eomplianee with laws atsd regulation ttnd fraud; TeAdlD8 rninutes of meeting5 of the board of trustees: and assessi￿ financial staternent disd05￿￿$. and iestin8to supportin8d0eu1nentat￿D. forcompliantt ￿th applicable Iiws and re8ulatioDs. There Areinherent l?Tnitstions lathea￿di1 PToeethw dejthiboo ab)ve. We aye Itssliketytobetome aware of ir&tsDces dn¢)n- Lyjmpliance with laws and re8ulatiQDS Ire notdosely relatEd io e¥eDts and traD5auions reflected in financial statements. Also, the risk ofnot d￿E￿I￿￿ 3 material misstatement due io fraud is bigherthan the risk ofnot detectiD8one resu]tltt8 from error. &$ fraud rnay involve ddibeTateu)neealmeniby. fr>rex8mp]e, forgery orintentioiial misrepresentauons orthroush collusio Athrther de8CriPtion of •ur resp)nsibilities forthe4udiiof the fitikncial sthtem¢Dts is lorated OD the FRCS website at.. w.frO0￿￿klalldiknr5TesPDUsibll1fleS. This de5criptiDn fornLS partofour auditots. report SANTANDER UK FouNDATK￿ LMYED- 02509711 Independent auditors. report to the members ofsantander UK Foundation Limited (continued) Use of this report Thi5 rep)rt, including the opinions. beoD prepared forand only forthe tharit￿$ membeTS as a bodyin ac¢ordantt ￿t￿ Chapter 3 of P8rt J6 ofthe Cornpanies Act 2006 and for no other PllTP￿ Wedo not, in givingthese opinions, accept or a5surne reJpoll5ibility foT any other purpose or to any other person to whom this report is shown or illio wh￿t haDd5 It rnty come save where expresslyweed by our prior Consenti￿ wtitin& Other required reporting Companies Aet 2006 e*cep¢ion reportlng Uoder the CompaniesA¢t ?006 M* arertquired io tep)rt to if. ittotsr opitiioti: we bAve noi obtsined all the infonThalion and eXpla￿tiOnS w4 require forovraudit: or adequate aecountin8 records Iw¢not been kept or r¢turns •dequa¢¢for ourauditbave DrtbeeTh received from branches not visited by us. or eertaitt diwjosures of trustees. remuneration specified bylaw are not made: or the finaDcial statements are not in agreement ￿ the attounting retords and We have no exceptions to Trport arising from this res￿￿51b11ity. Entitlement to exemption$ Under the Companies Act 2006 are lequired to report loyou if. in our opinion. the In￿tee9 were not entiiled to: prepare financial statements in accoTd&ncewith the small comphntes, rtKime' •Dd tske advBnts&e olthe srnall comp￿1¢8 uemplion from preparitL8 a Stralegic Repon. We h•N* no exeptb>ns to report arising from thls respx5ibility. Daniel Chan (SeniorSiaDJtC*ryAuditorl for atsd oAbth3]f of Pritew&terhouseCoopers LLP th¥rteTedA¢couniaDts and StatutoryAudilOIS London 25 July 2022 TANOER UK FOUNDATION LNITED. 02509711 STATEMENT OF FINANCIAL ACTIVMES ISOFA)- INCORPORATING SUMMARY INCOME AND EXPENDITURE ACCOU Fortho ￿al onded 31 Dtcert*r 2021 Erth¥rrMt Toial funds 2020 fuThts fur#h 2021 corr*￿d MdoWThIts Dona 3.330.593 3.330.593 4.035.fAK) vestft*n15 319,597 346.637 35).610 Toi41 ).650.I%1 17.OdO 3.677.230 4.386.610 ExpeThJitL*e oft.. Charlwb* #ctibic (2.309.288) Q.309.1 0.452.418) Totsl .309.288) P.309.2 13.452.41 Net 97in5ori 1rNe5￿nts 886.454 886.454 426.Z6B Net incomÈinrJ net rfml￿nt in fvnd5fr11 1.340.9ts2 27.040 886,454 2.254,396 1.360.460 roial funds WP,t foAYard 12.16 2.888.%3 312.519 16.338,1f 19.539.188 18,178.728 Yotsllur¥Js frywd 12.16 4.229.465 J39.559 17.224.59) 21.793.584 19.539.108 T￿1￿(￿par￿￿79 note5 forrn •i irtegral w of fir￿￿151a1W￿jts. Asmmjry ofV* ￿￿¥Y¥r ths¢*xed Th)te 12. TIM$State￿n10t ffinanoal aClMtieS inch•Jesa g*tsaM kn33es rwnÉod th tr*￿al. *￿time￿dex￿rtl1UrÈ dvrrt frc•n £￿tir￿Ing￿CII¥1ties 13 SANTANDER LIK FOUNDATICW LMTED- 02509711 BALANCE SHEET A5 al 31 OeiErthr 2021 Total funds Total ILmds 2020 Imfe5tments Total fYAed a55ets 17.416.S14 17.416.514 16.533.863 16.533.863 Currenta¥ Cash at bank al￿ in hand Other deblOIS Ttst￿ cul1￿1 assets 4.490.391 60.139 2.911.828 110.3S? 3.022.185 Crethtots.. AmLWts fallng ¢*Je year io 1173.46 I16￿60> ￿tI￿rrent 4.377.070 3.W5.325 net as*ts 21.793.584 19.539.188 The f￿d5¢f Ihe ¢￿ty. fun(ts Genw41 ErKJownwiFund Rerfaluaiion Reserve Rests￿led inccffle fun Vnie5tsicW Funds Total Cha" lund5 16 16 16 16 6.940.962 10,283.598 339.559 4.229.465 21.793.584 6.940.962 9.397.144 3)2.S19 2.888.563 19.539.108 The aCCoff￿nY1￿ nole5 Iwm an ￿¢91¥1 part ol the fvwKi*lsth*ffle These fm•rKhil 51Jtrrrthts bErn inacwd•xe With to ctyyr¥e5 k* fv srrkil ctryaftlÈs' The fir*ncb31 ststeffwts%*YeaKVty4*d tty 25 h* 20ZI lot tssue￿￿ s*>)ed on its behaff ty.. Mtya Trus￿e 25 July 2022 14 SANTANDER UK FOUNDAMON LIMtTED- 02YJ9711 CASH FLOW STATEMENT the year•idod 31 O¢twY*¢r 2021 Yeai•*d 311)e£w*w ZOZI 31 Derrter 2020 Cath flry+%% gpuai¥w4 NeiirKome and I￿$5 fof thE 1254.396 1.36Q460 Adjustments for". Reahsed 9ains orl 5alE5 durir¥J Ihe ￿ar 1540.6991 1367,4511 Unrealtsed gaif6e4) Inyestm￿I 045.7541 1144.5741 CaF4ts1 1.367.943 84&435 Decrease irbother dEbto 50.Z18 8.3 lnc1easelld￿Iea5e) ith ptyatdes 156.& 1124.4 Neicash by owating a£1￿￿1￿5 1.574.761 2.339 Cèsh flry4V5 from In%￿￿g actriikn Purchase ol in¥estmthits Sale ol in¥e5trtnts 11,219.2971 1.214.920 I1,(￿.5?2￿ 1.105.175 TTanslèisof osh hekla5 Wtol fvnd5 &179 115,69¥ Net cash g¢n*atrd ty irAtStiNJ &lr¥knE5 3.W2 910 Nei Inrrea5e In rash cath wJi4J*nts 1.578.563 733.249 Cash and cash equwakntsat tognning of 2.911.828 2.178.579 Cash and cash equpl*nisaiè￿ oly 4.490.391 2.911.828 15 SANTANDER UK FOVNDATION LIMITED- 02509711 NOTES TO THE FINANCIAL STATEMENTS 1. ACCOUNTING POLICIES The Foundbi3cn ts a pubk bEnefrtfpiity. The ￿1￿C1paI Kcowibrg p)IK•apkW lo UK Fr￿￿1#)￿ knited FOw￿t￿l avegJThnari5ed bEk7Af. financkil 51akm)ts bEen wepared ** htt&￿1 c051 as Mdi￿ty the ol I￿e￿ ffti itwtstmpmts. Th? thnanck11 ¢Yepared the lis￿31(051 <¢XT4eNW Staten￿t91 Practite "￿(￿AlIng and Reporting ty Charit*5 SORPIFRS 102hse¢tsMI e¢h'tK)rt- cxiober 2019 ¥p￿Tr￿le v) th￿11￿$ ￿epar1rty theiy f*wrKialststsrnents n ar￿￿on(e th FRS 102 "Ihe Finanoal st•NJaida￿￿1￿ m tr* LK afvj ReKwbk ol tre￿￿j- I-FRS 102-1. effecwe i JOnU￿ 201& and tr¢ CoM￿nieS Art 2CI6. Th? Foundalion'5 aciMtin5. laptl*r tht facto￿ hTrely to affKt bts lthure IX0¥￿ atEkntssed th the ol the TIu5tee5 ors page5 3 to 9. rhe admintsiiaiNe deiai15 page M page 2 forffo partof t￿T￿5￿. repyL The tirwi)at4e iesthcted hJ￿js a￿ a**aied agaytsi fwd5. GtyrfwnarKe costs (orryrise the cost ol thp 5tr4trgK threcbw of chaftty induth4 VWttr5 ff*etX￿5 wvj Flol￿￿Tri1 fwk lkne awe ¥KILMlftl in thp fNwiaal on ÈxF*nditu on charitsbleexpeThJituie bèsed ￿ aar4ity. Cash at bank harnj Foundat*￿ seeks ffl￿thin gjifirient Cash equtialprt to èl *osi ¢x o19wts lo bffth'wÈs n) ￿de1 for il to meet its oblgaiKsns At 31 2021. casharnl tash erBMknts of É4.493.391 hÉ4J (202ri. £2.911.828). cryriyr¥J ta5h hekj OA demand v￿h reL4*d pan*s #teinal banl> R¥edassets lrNes¢ffentsirestst￿a¢ bKI Ma￿Et¥4￿•￿t ts ba￿￿￿51￿1 dale WNeStrr￿tsare1JY￿lM￿laS1ets hesj th Ihe VTrted Kirydom. Inves￿ents indudedesy)Sit balanc￿ equtesand fixed luThts. ao Iwd mèfwger5. Reaksed and urwealrRd ifNe5tront gairts arKJ k)sses rdèiing M*'n F￿d ale indLh*d ffi urrfesbicitd fwrt1& atyj ￿ the restrthd Iw)ds thty ielète to Ass0(11￿Tr Fun*J. 16 SANTANDER UK FOUNDATION iNITED- 02509711 NOTES TO THE FINANCIAL STATEMENTS Ccontnpued) 1 . ACCOUNTING POUCIES (continued) Fu•J acC￿n￿9 The Chariy milnts￿$¥ait)us typesd Én¢hwrnent knds Th￿ are perw4neni eTrJvrni fwds rewent ir**sted ty the cwty Irrm dErNes irtsestsneTht The irnit51meni LI1￿1￿je￿ wi0*) ie5tiKW f￿d$ ￿￿)10•¥] llrwestsKted lund5 kn thE Thlin Th*Stff*nt portlc4K*. fte5tri(ted funds The Inco￿ genWItrdf￿ trisfthj i5frtyntslrwe51n￿ kvllc4). ThprestfKied fund Cath￿ be for9Ohts Unrestrkted funds These represent lufvy$7AthKhare wor)d**at Ihe t550eith of ts tnts*es•7 the lurtP*rarKe of IhEa*ts¥èsol the chavity. S￿h fuTrY5 may té held in l#w%et*)th Kmklng Jn rEs￿￿"n9 fKxTh4 V•*1 fxobabty rewjh Dl the tsansltr of luNls to a third party and I￿arr￿)unt￿jeth 5euk Iheot4natrcth(an rr*ayJedLY rd*tty.CreditrKs aTxI prtr4Nc•iswe rmymaly rKo9nisod at t￿*1 seruewnl amwTrl aknin9 iiade thJE. Critkd ac(ounttn9juthJernwtsand key yArfcesol est•rnal*)n urKErtsThly Ihe app1ka1￿ ol the Jices. The estima￿ard èsx*k?ied asyjffob￿s are based on htstorfKal expe￿￿rKe other facrors thai ao crffisthed kn bt A(1￿1 osults mty Lfrffer frfth the5eest*￿*s ThÈ ésumates undthing asswYw5 •ie rviv*d ahixyxq b•y> Re•rfb￿S to are In the PVK)d In whith the I￿1￿41t 15 re￿5¢d •flea5W￿ that ie¥w andfvtwe r￿￿#)￿11*¢￿￿ hlh <¥rrent ahd futuré rvK*Y Ilx&Trus*£S ths rrf)imnshler tse4reaw oilKa yyjresof WKerfaintyie4UW*V4th5EItssWP. 2. DONATIONS 2021 2020 Donati¢￿ rereNed rom Safi%AtyJei UK Gifts In kfftd Iiom Soniander UK l)onations recepjod fwm Sanlander Lo*n BraTrrh Oonation5 rKeFied from other Sjntsndei UK k 3.224.￿0 4.(M)D.(K)O 3,330.593 4.035.CQO theyear. Santander UK pk n¥de a £¥thO￿l￿)n ol C3.224.LKI) {2020.. t4.Cth).COJ i￿9 an SanlandEr LIK Pk CEO dor￿1￿)n. UK rk al>) prov￿￿ valued at ÉirKI.(¥)) 1202tr. £rf) foi rw) chafge wès fftxle. ¥alw ol the￿ seryke5 15 induded *thln thp dowl#JThs. 17 SANTANDER UK FOUNOArnN LIMITED- 02509711 NOTES TO THE FINANCIAL STATEMENTS (continued) 3. INVESTMENT INCOME Z021 2020 Bank Inleiesi Incom DwideThJ Incom& teie5t and dNideTrJ5 1.542 345.095 346.637 7,269 3Q4.341 351.610 4. AUDIT FEES Fee5pay3è&tsthe FowthIKM'sAudto￿ the3￿101thtFo￿dèlWM.SanrWlknJ￿7IsuleI￿ts ifre curreniyearare £16.51K)U020.. £6.9601. Foi the current aNJ ￿0￿Yea, irwÈcoveratAe VAT at 20% $ the fee. 2021 •Ait fee r*t of VAT ts £13.7SO11010. £S.th). Fees payable to fil(202Q. ￿. 5. TRUSTEES. AND STAFF EMOLUMENTS T￿ Twus*es ftter4ed r*itl* eA¢wrtJes fry setytQ5 leAde￿d{202ctr. c￿1. Tht fourKlallon had M dw*rtly emrAtyed duiiry the year12020 none) arml as a had rnj stafl ot wdated (o5ts (2020". £niD. Ouring thè year ore of the F0uTrJats¢￿.S sffretsffts and iew*ated ty S•tsndei UK pt a￿￿￿nISts￿lme svppDrt for th Foundation. The costs serrices thè CW ftrffl part ol I1* ￿.￿arge Irom santsr￿￿ UK Fk withln Oihv gjrwt costs. Th¢ Man￿¥￿Trt pwsonnd for foundatrffl we tt*Tootee5 iE(ENe foi thEii Yayrk F*lorm¥J. 6. CHARITABLE ACTIVITIES Total Z020 aftd gran 2021 and 9iants paid costs Charitab* adiYrnE Grantsand 2.116.586 2.116.586 3.311.937 3,311,937 EipenrfIture￿ cKirit3i artmlies". Grani *nini5tration aTrJ rantp_rocessing costs 57.494 57.494 30.154 30.154 107.488 GoverThantt ws Total 3.311 937 l*W.481 3.452 418 Grènts and d(Thtioth5 4(vtion ty p￿[￿." restrKied ofgAnts Unre5Uk*d ￿Arniv ot 9iants 2021 2020 2020 Cavid-19 Giart 5antander FouThYaiion Ov>tal & 3.(O).C#)) 1.6f6.368 Health Soo31 inthjgc 83.2[ 129 277 16a.935 141.456 Totsl 2,116,586 433 3.311.937 581 5anrAnder UK F* atyxated £lO).CO) to suFyJrt cu5tofs•¥Ke& Theanhxmwas twlag9ft• kwwj ts) 5UWt fv FfE and ma¢*eting eosts12020". E92.ISy. This sindL#kd nl othe¢ crtsts. The support costs and wemancÈ w5tswe alk￿ed 3 of Pèrt li ty the Coif¥)ratr)n Ta¥ Art 2010 or Serkn 256 d theTayat¥)nof Ch¥geablp Art 1992 to Ihp pxlonlthv* apykEd ID 15 obiECts. tsx'SS¥Its*ob￿e Autrtsitytly*& hL)nihe ￿kn￿er UKgcOtsJrd In te(￿￿￿ t)ffiw JDd fw¢ kn to ¥￿k￿£ ￿%￿1dUl& frAnwt 5tarM*ng CarToTr1tte￿ •t SANTANDER UK FoUNDAT￿N UTrMTEO - 02509711 NOTES TO THE FINANCIAL STATEMENTS (conftnued) . INVESTMENTS (continued) Crodit rtsk Credil rtsk istht rfyk Ihat Me￿ tsfwia(4JknytpJn5afvY reyjlt ih f(x¥•Jaiw* thè wwamunisrrrftstrd. the In*fe5t accrued and ary unrÈaltsod y•r& IDaccwdarKe ￿lIh Group ￿Ky. theFwndatirAI its Irethi rryt blecff*, fromdrawir¥J w) rsk 5tratryrf. ￿n5. Iwjdpts and Ivi*tsto makiro suie the acii*al iisk ov011￿ of the FryjThla￿'se1K¢)YJe5 sws and ￿ Fr￿dalp)n'$ap￿*t11e ￿ il&k. Maiket i￿k Market risk is the t￿1 ol knse5 on fir￿n(la1 irwesirmits rawed ty athene k¥ire thjrw In eqwty wKes w crynnb)dity prke ITh*￿$1 late mo4esoi forevjrt ¢xKh•y fbMualwJn& Foundat￿￿ mitigates r￿a￿et risk * ensuring ¥WestM￿ts it l*)Idk ￿ iNve5bhg in a ol trackets fun@ b>nds and o¥v a w￿* ge0yra￿1r￿l rnJrkeiaTrJ the athiThYd thjring thè f•iano4 year. Lsqirthty risk Uqukjity fisk 15 the pptenlial ￿1. I￿gh 1•T4￿1n9 tht does Tr)t h•e suffK*nt 1Vw￿ rth#￿ill r￿￿￿[E5 w ￿ble li itsoblMJaiirn5a5 thry lall due or (an secfft themwfyaiexw5we C05L Tr Fr#JndaiMJi marw %**ih the SWk*Jrt o15anunder UK ptL en5uriro that Ih? Fo￿datE￿ val14Yrfe wffioeni liqud in ¢¥dev toii*ei I￿ol￿t￿¥￿ as itrq lam du 9. CURRENT ASSETS 2021 2029 Cash ai bank and in hand Other debto 4 49) 391 60.139 4.59) 530 2.911828 110.357 3.022.185 Cath ol bank aixl in hand Ind￿ cath held ty third ¢Jf fr4 U02Q. r•￿￿*r￿j o5h is in bènk a[￿X￿ts•¥l{4I￿d lry Ca len Umiled. a ftkn4 o15arbtsn(ki UK pk. Othtrdebtors￿W consi%iofc¥th hE&I lyc￿?￿*1atr￿@r￿ry.JS￿u￿￿kn Ihe dYwrFosÈofissurytyants*ndmAkry¢Jonatbro. 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR )hp Sh￿ the bre*d(A4Tr0f tr*yt¥ end d•*. AAwvJnts afQ payatle *ithwi efie y*ar. 2021 Z020 Grant (reci￿1 150.LXX) 9.9 6.960 Oltier acciuals Total acouals 173.4( 11. ALLOCATION OF NET ASSETS BETWEEN FUNDS YO￿ fthjs hi¥eslrn•nt5 1x865.101 4.490.391 60.139 1150.CO)I 123.4601 242.171 .551.413 17.416.514 4.490.391 Other debrrys 1150.000) Totsl Ivnd5 21 793.584 Tolal fuThJs 2020 fvnd 14.896.762 2.911.828 110.3S7 1.637.101 16.533.863 2.911 828 110.357 Othtr dtbwFS Toul fund5 17.902.087 1637 101 19.539 188 20 sANT￿DER UK FoUNDAThJN LIMITED- 02509711 NOTES TO THE HNANCIAL STATEMENTS Icontinued) 12. STATEMENT OF FINANCIAL ACTIVITIES (SOFA) - PRIOR YEAR COMPARATtVE Totsl fiJr• 2020 D￿alv)r0 4.035.iKII 4.035.( hi¥e51rnents 331.921 29.689 351.610 4.356.921 Expenli￿Ne t￿". rJ.452.4lVI 13.4SI41 Totsl (J.452.41WI (3,452.418) 19alnSC￿ 4Z6.268 426.268 Ner incoff* and r*iTrfftnienr It￿& for Ihv 4.501 29,689 426.268 1.3fQ.460 Totsl Imougm l￿wa 12.16 1.994.CfjO 15.911.838 14178.728 Totalfftjnds carried fDWa Z.888.563 312.519 16.338.11 19.539.788 13. UABILITY OF MEMBERS The l¥ts"bty ofeach liustre as*ts01 ¢Jo 15 li￿ed to £10). SANTANDER UK FOUNOATTh LIMtTEO- 02509711 NOTES TO THE FINANCIAL STATEMENTS (conlinued) 14. DONATIONS AND GRANTS AWARDED TO CHARMES £10,000 AND ABOVE X121 A&Wmef'sSo(*ty Ichaiity Partw) Age UK IChaThty Partr￿) Corrnarthen Ytyjih P Code luturo Create Arts 1.6S4.876 I.5￿9.21) Ico. ILx).L Leadership Throuyh and 8usty￿ss W¢ro P2inbow C PaddKk Cw*munityTn Rao Equality First Soc41 Artmin Icq l*aiih street Leagiie Art5 & Drability Forum stsfford5hwe W0￿￿n.S P•1 louiney Willrwacre QED foUnda￿n Chaiitsble Gknng Grant A( .452.4181 2,888.563 2.8BB.563 282.830 282.830 29,689 29.689 )12,519 312.519 Te121 rÈsuicLed fvnds Ertdtswrrts￿ Fund5 Erthwmeni RWIUat￿ Reserv• Tothi En¢JO￿ent Iufw 6.940.962 8.970.876 15.911.838 18.171728 6.940.962 9.397.144 16.338.106 19.539.188 4Z6.2 426.268 426.Z68 Total funds 4.386.610 .452.418) Resvicied lunLts are for gronts to chaMie5*rykry on rttsted Endmneni lu￿$ fepresent ty the thaiity it ¢jE￿ inCtsT*. Ihe nwrwdutin9 the year ts the ditrfen net ￿￿ta￿Sed 9*fi$l￿n the thcFea5e in marke[val￿of the Irwest￿ 17. CAPITAL COMMITMENTS The f￿nda￿ty h•d rn ca￿trI cufftTibnÉntsai iho btrkirKe shtrf5*. 18. GRANT COMMITmE￿rS The knThJaii>) ￿[de0 9raots of £1.6fA.368 10 21 tht fwitil swrtA lurtkn El.333.636wasuxThnittedaThl té ￿ld lthen 2a22 W 2023 to of the gi•nt Tl*%ioL)k £3.t))J.C¥)4 Per￿d. 23