Financial Information

Incoming Receipts	2020 (S$'000)	2021 (S$'000)	2022 (S$'000)	%Increased/ (Decreased) (2022 on 2021)
Tax-Deductible Donations (B1)	5,525	6,944	7,047	1.5%
Non-Tax-Deductible Donations (B2)	3,410	2,372	3,197	34.8%
Government Grants	15,624	18,659	23,922	28.2%
Programme Fees	3,015	3,613	4,993	38.2%
Other Income	3,380	1,824	1,409	(22.7%)
Total Receipts	30,954	33,411	40,569	21.4%

Expenditure	2020 (S$'000)	2021 (S$'000)	2022 (S$'000)	%Increased/ (Decreased) (2022 on 2021)
Charitable Activities/Programme Expenses - Local - Overseas	24,724 15	26,799 -	36,449 42	36.0% (100.0%)
Fund-raising Expenses (A)	1,261	1,336	1,593	19.2%
Other Expenses	1,599	1,711	2,054	20.0%
Total Expenditure (D)	27,599	29,847	40,138	34.5%
Surplus / (Deficit)	3,354	3,564	431	(87.9%)

Balance Sheet	2020 (S$'000)	2021 (S$'000)	2022 (S$'000)	%Increased/ (Decreased) (2022 on 2021)
ASSETS
Tangible Assets	2,104	1,638	1,684	2.79%
Right-of-use Assets	1,122	808	574	(28.86%)
Intangible Assets	704	1,085	852	(21.43%)
Inventories	71	160	166	3.63%
Accounts Receivables	5,904	4,225	6,106	44.54%
Cash and Deposits	22,385	26,612	25,761	(3.20%)
Total Assets	32,290	34,527	35,144	1.79%
FUNDS
Non-Restricted Fund (C)	15,166	17,713	17,135	(3.26%)
Restricted Fund	2,088	3,105	4,114	32.48%
Total Funds	17,254	20,818	21,249	2.07%
LIABILITIES
Current Liabilities	11,243	10,750	11,416	6.19%
Non-Current Liabilities	3,793	2,959	2,479	(16.21%)
Total Liabilities	15,036	13,709	13,895	1.36%
Total Funds and Liabilities	32,290	34,527	35,144	1.79%

Other Information	2020	2021	2022	%Increased/ (Decreased) (2022 on 2021)
Donations / Grants and Sponsorship given to other Charities (S$'000)	40	40	40	0.0%
No. of Employees	305	336	387	10.16%
Total Employee Costs (S$'000)	19,415	21,048	27,454	8.41%
Total Related Party Transactions ($'000)	767	940	447	22.60%
Fund-raising Efficiency Ratio (A)/(B1+B2)	0.14	0.14	0.16	1.61%
Ratio of reserves to annual operating expenditure (C)/(D)	0.55	0.59	0.43	8.0%

Notes:

The above figures do not include the results of TOUCH Family Services Limited which is captured separately.
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.