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:

  1. The above figures do not include the results of TOUCH Family Services Limited which is captured separately. 
  2. Related Party Transactions refer to transactions with affiliated companies. It includes donations received, rental charges, reimbursement of expenses and other payments for services received or rendered.