Financial Information
| Incoming Receipts | 2021 (S$'000) |
2022 (S$'000) |
2023 (S$'000) |
%Increased/ (Decreased) (2023 on 2022) |
|---|---|---|---|---|
| Tax-Deductible Donations (B1) | 6,944 |
7,047 |
6,505 |
(7.7%) |
| Non-Tax-Deductible Donations (B2) | 2,372 |
2,996 |
4,899 | 63.5% |
| Government Grants | 18,659 |
23,922 | 33,245 |
39.0% |
| Programme Fees | 3,613 |
4,993 |
9,178 | 83.8% |
| Other Income | 1,824 |
1,409 |
657 |
(53.4%) |
| Total Receipts | 33,411 |
40,368 |
54,484 | 35.0% |
| Expenditure |
2021 (S$'000) |
2022 (S$'000) |
2023 (S$'000) |
%Increased/ (Decreased) (2023 on 2022) |
|---|---|---|---|---|
| Charitable Activities/Programme Expenses - Local - Overseas |
26,799 - |
36,449 42 |
50,815 213 |
39.4% 404.9% |
| Fund-raising Expenses (A) |
1,336 |
1,593 |
2,245 |
40.9% |
| Other Expenses |
1,711 |
2,054 |
3,706 |
80.4% |
| Total Expenditure (D) |
29,847 |
40,138 |
56,979 |
42.0% |
| Surplus / (Deficit) | 3,564 |
229 |
(2,495) |
(1188.4%) |
| Balance Sheet |
2021 (S$'000) |
2022 (S$'000) |
2023 (S$'000) | %Increased/ (Decreased) (2023 on 2022) |
|---|---|---|---|---|
| ASSETS |
||||
| Tangible Assets |
1,574 |
1,601 |
1,519 | (5.13%) |
| Right-of-use Assets |
872 |
616 |
1,364 | 121.34% |
| Intangible Assets |
1,085 |
852 |
1,517 |
77.98% |
| Inventories |
160 |
166 |
173 |
4.01% |
| Accounts Receivables | 4,225 |
6,147 | 5,802 |
(5.62%) |
| Financial Assets | 5,034 |
0.00% |
||
| Cash and Deposits | 26,612 |
25,761 |
19,014 |
(26.19%) |
| Total Assets | 34,527 |
35,144 |
34,423 |
(2.05%) |
| FUNDS |
||||
| Non-Restricted Fund (C) | 2,801 |
3,135 |
2,731 |
(12.87%) |
| Restricted Fund | 18,017 |
17,912 |
15,821 |
(11.68%) |
| Total Funds | 20,818 |
21,047 | 18,552 |
(11.86%) |
| LIABILITIES | ||||
| Current Liabilities | 10,750 |
11,416 | 11,950 | 2.87% |
| Non-Current Liabilities | 2,959 |
2,479 |
3,920 |
58.12% |
| Total Liabilities | 13,709 | 14,097 |
15,871 | 12.58% |
| Total Funds and Liabilities | 34,527 |
35,144 |
34,423 |
(2.05%) |
| Other Information |
2021 |
2022 |
2023 |
%Increased/ (Decreased) (2023 on 2022) |
|---|---|---|---|---|
| Donations / Grants and Sponsorship given to other Charities (S$'000) |
40 |
40 |
30 |
0.0% |
| No. of Employees |
336 |
389 |
401 |
3.08% |
| Total Employee Costs (S$'000) |
21,048 |
27,454 |
37,127 |
35.23% |
| Total Related Party Transactions ($'000) |
940 |
535 |
599 |
12.02% |
| Fund-raising Efficiency Ratio (A)/(B1+B2) |
0.14 |
0.16 | 0.20 |
24.09% |
| Ratio of reserves to annual operating expenditure (C)/(D) | 0.09 |
0.08 |
0.05 |
(38.62%) |
Notes: