Financial Information
| Incoming Receipts | 2022 (S$'000) |
2023 (S$'000) |
2024 (S$'000) |
%Increased/ (Decreased) (2024 on 2023) |
|---|---|---|---|---|
| Tax-Deductible Donations (B1) | 7,047 | 6,505 |
6,798 |
4.5% |
| Non-Tax-Deductible Donations (B2) | 2,996 |
4,899 | 3,298 | -32.7% |
| Government Grants | 23,922 | 33,245 | 30,463 |
-8.4% |
| Programme Fees | 4,993 | 9,178 | 8,008 | -12.8% |
| Other Income | 1,409 |
657 | 671 |
2.2% |
| Total Receipts | 40,368 | 54,484 | 49,238 | -9.6% |
| Expenditure |
2022 (S$'000) |
2023 (S$'000) |
2024 (S$'000) |
%Increased/ (Decreased) (2024 on 2023) |
|---|---|---|---|---|
| Charitable Activities/Programme Expenses - Local - Overseas |
36,449 |
50,815 |
44,178 |
-13.1% |
| Fund-raising Expenses (A) |
1,593 |
2,245 | 1,751 | -22.0% |
| Other Expenses |
2,054 | 3,706 | 3,131 |
-15.5% |
| Total Expenditure (D) |
40,138 | 56,979 | 49,130 | -13.8% |
| Surplus / (Deficit) | 229 | (2,495) | 108 | (104.3%) |
| Balance Sheet |
2022 (S$'000) |
2023 (S$'000) |
2024 (S$'000) | %Increased/ (Decreased) (2024 on 2023) |
|---|---|---|---|---|
| ASSETS |
||||
| Tangible Assets |
1,601 |
1,546 |
2,269 | 49.36% |
| Right-of-use Assets |
616 | 1,337 | 1,221 | -10.5% |
| Intangible Assets |
852 | 1,517 | 1,341 |
-11.56% |
| Inventories |
166 |
173 |
270 | 56.30% |
| Accounts Receivables | 6,147 | 5,802 | 9,860 | 69.93% |
| Financial Assets | 5,034 | 5,231 |
3.91% |
|
| Cash and Deposits | 25,761 |
19,014 | 12,194 |
-35.87% |
| Total Assets | 35,144 |
34,423 |
32,386 |
-5.92% |
| FUNDS |
||||
| Non-Restricted Fund (C) | 3,135 | 2,731 | 2,983 |
9.22% |
| Restricted Fund | 17,912 |
15,821 |
15,277 |
-3.44% |
| Total Funds | 21,047 |
18,552 | 18,260 |
-1.57% |
| LIABILITIES | ||||
| Current Liabilities | 11,617 |
11,950 | 9,474 | -20.72% |
| Non-Current Liabilities | 2,479 |
3,920 | 4,652 | 18.66% |
| Total Liabilities | 14,097 | 15,871 |
14,126 | -10.99% |
| Total Funds and Liabilities | 35,144 |
34,423 |
32,386 |
-5.92% |
| Other Information |
2022 |
2023 |
2024 |
%Increased/ (Decreased) (2024 on 2023) |
|---|---|---|---|---|
| Donations / Grants and Sponsorship given to other Charities (S$'000) |
40 |
30 | 57 | 90% |
| No. of Employees |
387 | 401 | 430 | 7% |
| Total Employee Costs (S$'000) |
27,454 | 37,127 | 31,560 |
-15% |
| Total Related Party Transactions ($'000) |
535 | 599 |
812 | 35% |
| Fund-raising Efficiency Ratio (A)/(B1+B2) |
0.16 |
0.20 | 0.17 |
-12% |
| Ratio of reserves to annual operating expenditure (C)/(D) | 0.52 |
0.33 |
0.37 |
14% |
Notes: