Financial Information

FY 2012FY 2013FY 2014FY 2015FY 2016% Increase / (Decrease) [Year 15 on year 14]
IncomeYEAR 11 (S$,000)YEAR 12 (S$,000)YEAR 13 (S$,000)YEAR 14 (S$,000)YEAR 15 (S$,000)
*Others (please specify if material)1,9252,3622,7132,7112,9267%
TOTAL INCOME6,3117,7218,6229,03110,02210%
Donations in Cash
- Non-Tax Deductible 1328223633825227910%
Donations in Cash
- Tax Deductible402518517779735-6%
Grants / Sponsorships3,7024,5255,0545,5416,36013%
Donations in Kind
- Non-Tax DeductibleNANANANANANA
Investment IncomeNANANANANANA
Investment gainsNANANANANANA
Donations in KindNANANANANANA

*Resident charges, Interests on FDs

ExpensesFY 2012FY 2013FY 2014FY 2015FY 2016% Increase / (Decrease) [Year 15 on year 14]
YEAR 11 (S$,000)YEAR 12 (S$,000)YEAR 13 (S$,000)YEAR 14 (S$,000)YEAR 15 (S$,000)
Direct Fund-raising Expenses 141321252075%
Charitable Activities Expenses 15
- Local2,6203,5853,7375,9096,55810%
Charitable Activities Expenses 15
- Overseas----
Other Operating & Administration Expenses 163,2513,5814,2192,0622,004-3%

13 These include donations collected through flag days, donations that entail benefits to the donors and donations received for overseas purposes.

14 This refers to costs directly incurred and paid for during fund-raising. They include such costs as advertisements, printing, publicity materials, rental of premises, logistics, hiring of commercial third-party fund-raisers, organizing games of chance, etc.

15 These are resources applied by the charity in undertaking its work to meet its charitable objectives in the delivery of goods and services. Such costs include the direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken.

16 These are expenses which relate to the general running of the charity that provide the governance infrastructure which allows the charity to operate, to generate the information required for public accountability, and the strategic planning processes that contribute to future development of the charity.

FY 2012FY 2013FY 2014FY 2015FY 2016% Increase / (Decrease) [Year 15 on Year 14]
EXPENSESYEAR 11 (S$,000)YEAR 12 (S$,000)YEAR 13 (S$,000)YEAR 14 (S$,000)YEAR 15 (S$,000)
Others (please specify if material)----
Total Expenditure5,8847,1877,9587,9768,5827%
Surplus / (Deficit)3665346641,0551,44027%
FY 2012FY 2013FY 2014FY 2015FY 2016% Increase / (Decrease) [Year 15 on Year 14]
Balance SheetYEAR 11 (S$,000)YEAR 12 (S$,000)YEAR 13 (S$,000)YEAR 14 (S$,000)YEAR 15 (S$,000)
ASSETS
Land and Buildings6,2995,6075,2694,9374,605-7%
Other Tangible Assets309602 1,233 1,351 1,360 1%
InvestmentsNANANANANANA
InventoriesNANANANANANA
Accounts Receivable481188421335270-24%
Cash & Deposits5,98410,07412,37613,63614,9249%
& Others (please specify if material)14308273240129781%
Total Assets13,08716,77919,57220,49922,4569%
FUNDS(To breakdown by each Funds as suggested below)
Unrestricted Fund 177,1838,9979,92611,24812,95413%
Restricted Fund 185,0454,5144,2493,9833,718-7%
Endowment Fund 1900000
Total Funds12,22813,51114,17515,23116,6729%
LIABILITIES
Long-Term LiabilitiesNANANANANANA
Current Liabilities85932685397526957859%
Total Liabilities85932685397526957859%
Total Funds & Liabilities13,08716,77919,57220,50022,4579%

17 These are generally unrestricted funds which the IPC is free to use for its programmes and operating costs e.g. General Funds.

18 These are special funds held by the IPC that can only be applied for specific purposes, e.g. Building Fund.

19 These are funds which the IPC holds in trust for the benefit of the IPC as a capital fund. Generally, only interest income from Endowment Funds are used, and not the capital sum.

FY 2012FY 2013FY 2014FY 2015FY 2016% Increase / (Decrease) [Year 15 on Year 14]
Other InformationYEAR 11 (S$,000)YEAR 12 (S$,000)YEAR 13 (S$,000)YEAR 14 (S$,000)YEAR 15 (S$,000)
Donations/Grants and Sponsorships given to other Charities (S$?000)----
No. of Employees139139140139138-1%
Total Employees Costs (S$?000)2,8003,8143,9114,5364,5570%
Ratio of Direct Fund-raising Expenses to Total Donations0.020.030.000.000.0275%
Total Related Party Transactions 20 (S$?000)00000

20 Related Party Transactions refer to transactions between the IPC and another person where either person could have influence over the other. For example, if a board member of an IPC is related to a certain supplier of services for the IPC, the value of the transactions should be disclosed. Please refer to the Financial Reporting Standards for the full definition of Related Party Transactions.

From YA 2006, the reporting is based on RAP 6.

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