The Board of Trustees present their statement to the members together with the audited financial statements of Singapore University of Technology and Design (the “University”) for the financial year ended 31 March 2024. In the opinion of the Trustees: (a) the accompanying financial statements of the University as set out on pages 60 to 92 are drawn up so as to give a true and fair view of the financial position of the University as at 31 March 2024, and the financial performance, changes in funds and reserves and cash flows of the University for the financial year then ended; (b) the University has complied with the requirements of Regulation 15 of the Charities (Institutions of Public Character) Regulations; (c) the use of donation monies are in accordance with the objectives of the University as required under Regulation 11 of the Charities (Institutions of Public Character) Regulations; and (d) at the date of this statement, there are reasonable grounds to believe that the University will be able to pay its debts when they fall due. TRUSTEES The Trustees of the University in office at the date of this statement are: Mr Lee Tzu Yang (Chairman) Dr Syed Fidah Bin Ismail Alsagoff Mr Ramlee Bin Buang Mr Robert Chew Ms Deborah Lee Ms Lim Wan Yong Mr Lim Kang Song Ms Low Sin Leng Mr Quek Gim Pew Ms Tan Min Lan Ms May Loh Ms Cecilia Tan Mr Tan Peng Yam Mr Amit Midha ARRANGEMENTS TO ENABLE TRUSTEES TO ACQUIRE BENEFITS BY MEANS OF ACQUISITION OF SHARES AND DEBENTURES Neither at the end of the financial year nor at any time during the financial year did there subsist any arrangement whose object is to enable the Trustees of the University to acquire benefits by means of the acquisition of shares or debentures in the University or any other body corporate. TRUSTEES’ INTERESTS IN SHARES AND DEBENTURES The University is limited by guarantee and does not have a share capital. The Trustees of the University holding office at the end of the financial year had no interests in the share capital and debentures of the University’s related corporations as recorded in the register of directors’ shareholdings kept by the University’s related corporations under Section 164 of the Companies Act 1967. TRUSTEES’ STATEMENT p. 56 SINGAPORE UNIVERSITY OF TECHNOLOGY AND DESIGN
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