TOUCH Community Services: Singapore Charity Organization Financial Information

Financial Information

Incoming Receipts

2018 (S$'000)

2019 (S$'000)

2020 (S$'000)

%Increased/ (Decreased)

(2020 on 2019)
Tax-Deductible Donations (B1) 4,720 5,982 5,525 (7.6%)
Non-Tax-Deductible Donations (B2) 2,253 2,903 3,410 17.5%
Government Grants 14,246 14,190
 15,624 10.1%
Programme Fees 1,832 3,162 3,015 (4.7%)
Other Income 507 290 3,380 1065.5%
Total Receipts 23,558 26,527
 30,954 16.7%

Expenditure

2018 (S$'000)

2019 (S$'000)

2020 (S$'000)

%Increased/ (Decreased)

(2020 on 2019)
Charitable Activities/Programme Expenses
- Local
- Overseas
 
19,456
97
 
22,915
188
 
24,724
15
 
7.9%
(92.2%)
Fund-raising Expenses (A) 1,059
 1,490
 1,261 (15.3%)
Other Expenses 1,467 1,631
 1,599 (1.9%)
Total Expenditure (D) 22,079 26,224
 27,599 5.2%
Surplus / (Deficit) 1,479 303 3,354 1007.0%

Balance Sheet

2018 (S$'000)

2019 (S$'000)

2020 (S$'000)

%Increased/ (Decreased)

(2020 on 2019)

ASSETS
Tangible Assets 3,966 3,087
 2,104 (31.83%)
Right-of-use Assets 0 647
 1,122 73.34%
Intangible Assets 1,279 886 704 (20.49%)
Inventories 39 32
 71 121.70%
Accounts Receivables 8,415 4,695 5,904 25.75%
Cash and Deposits 11,634 17,536
 22,385 27.65%
Total Assets 25,333 26,883 32,290 20.11%

FUNDS
Non-Restricted Fund (C) 11,554 12,535
 15,166 20.99%
Restricted Fund 2,042 1,365 2,088 52.98%
Total Funds 13,596 13,900
 17,254 24.13%

LIABILITIES
Current Liabilities 6,735 8,822 11,243 27.45%
Non-Current Liabilities 5,002 4,161 3,793 (8.85%)
Total Liabilities 11,737 12,983
 15,036 15.81%
Total Funds and Liabilities 25,333 26,883
 32,290 20.11%

Other Information

2018

2019

2020

%Increased/ (Decreased)

(2020 on 2019)
Donations / Grants and Sponsorship given to other Charities (S$'000) 40 40 40 -
No. of Employees 255 306 305 (0.33%)
Total Employee Costs (S$'000) 15,183
 17,778
 19,415 9.21%
Total Related Party Transactions ($'000) 1,635 2,771 767 (72.32%)
Fund-raising Efficiency Ratio (A)/(B1+B2) 0.15 0.168
 0.14 (16.52%)
Ratio of reserves to annual operating expenditure (C)/(D) 0.52 0.478
 0.549 14.96%

Notes:

  1. The above figures do not include the results of TOUCH Family Services Limited and TOUCH International Ltd which are different entities 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.