TOUCH Community Services: Singapore Charity Organisation Financial Information

Financial Information

Incoming Receipts

2019 (S$'000)

2020 (S$'000)

2021 (S$'000)

%Increased/ (Decreased)

(2021 on 2020)
Tax-Deductible Donations (B1) 5,982  5,525 6,944 25.7%
Non-Tax-Deductible Donations (B2) 2,903 3,410 2,372 (30.4%)
Government Grants 14,190 15,624
 19,301 23.5%
Programme Fees 3,162 3,015 3,613 19.8%
Other Income 290 3,380 1,182 (65.0%) 
Total Receipts 26,527  30,954
 33,411 7.9%

Expenditure

2019 (S$'000)

2020 (S$'000)

2021 (S$'000)

%Increased/ (Decreased)

(2021 on 2020)
Charitable Activities/Programme Expenses
- Local
- Overseas
 
22,915
188
 
24,724
15
 
26,799
-
 
8.4%
(100.0%)
Fund-raising Expenses (A) 1,490
 1,261
 1,336 6.0%
Other Expenses 1,631 1,599
 1,711 7.0%
Total Expenditure (D) 26,224 27,599
 29,847 8.1%
Surplus / (Deficit) 303 3,354 3,564 6.3%

Balance Sheet

2019 (S$'000)

2020 (S$'000)

2021 (S$'000)

%Increased/ (Decreased)

(2021 on 2020)

ASSETS
Tangible Assets 3,087 2,104
 1,638 (22.1%)
Right-of-use Assets 647 1,122
 808 (28.0%)
Intangible Assets 886 704 1,085 54.0%
Inventories 32 71
 160 125.8%
Accounts Receivables 4,695 5,904 4,225 (28.4%)
Cash and Deposits 17,536 22,385
 26,612 18.9%
Total Assets 26,883 32,290 34,527 6.9%

FUNDS
Non-Restricted Fund (C) 12,535 15,166
 17,713 16.8%
Restricted Fund 1,365 2,088 3,105 48.7%
Total Funds 13,900 17,254
 20,818 20.7%

LIABILITIES
Current Liabilities 8,822 11,243  10,750 (4.4%)
Non-Current Liabilities 4,161 3,793 2,959 (22.0%)
Total Liabilities 12,983  15,036
 13,709 (8.8%)
Total Funds and Liabilities 26,883 32,290
 34,527 6.9%

Other Information

2019

2020

2021

%Increased/ (Decreased)

(2021 on 2020)
Donations / Grants and Sponsorship given to other Charities (S$'000) 40 40 40 0.0%
No. of Employees 306 305 334 9.5%
Total Employee Costs (S$'000) 17,778
 19,415
 21,048 8.4%
Total Related Party Transactions ($'000) 2,771 767 1,037 35.2%
Fund-raising Efficiency Ratio (A)/(B1+B2) 0.1677 0.1412
 0.1435 1.6%
Ratio of reserves to annual operating expenditure (C)/(D) 0.478 0.5495
 0.5934 8.0%

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.