Financial Information

FY 2010FY 2011FY 2012FY 2013FY 2014
IncomeYEAR 9 (S$,000)YEAR 10 (S$,000)YEAR 11 (S$,000)YEAR 12 (S$,000)YEAR 13 (S$,000)% Increase / (Decrease) [Year 13 on year 12]
Donations in Cash13810528223633843%
- Non-Tax Deductible 13
Donations in Cash2673214025185170%
- Tax Deductible
Grants / Sponsorships3,2493,4333,7024,5255,05412%
Donations in KindNANANANANANA
- Non-Tax Deductible
Investment IncomeNANANANANANA
Investment gainsNANANANANANA
Donations in KindNANANANANANA
- Tax Deductible
*Others (please specify if material)1,5791,6941,9252,3622,71315%
TOTAL INCOME5,2335,5536,3117,7218,62212%

*Resident charges, Interests on FDs

ExpensesFY 2010FY 2011FY 2012FY 2013FY 2014% Increase / (Decrease) [Year 13 on year 12]
YEAR 9 (S$,000)YEAR 10 (S$,000)YEAR 11 (S$,000)YEAR 12 (S$,000)YEAR 13 (S$,000)
Direct Fund-raising Expenses 141213212-90%
Charitable Activities Expenses 152,2022,3652,6203,5853,7374%
Charitable Activities Expenses 15------
Other Operating & Administration Expenses 162,8373,0303,2513,5814,21918%

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 2010FY 2011FY 2012FY 2013FY 2014
EXPENSESYEAR 9 (S$,000)YEAR 10 (S$,000)YEAR 11 (S$,000)YEAR 12 (S$,000)YEAR 13 (S$,000)% Increase / (Decrease) [Year 13 on Year 12]
Others (please specify if material)------
Total Expenditure5,0405,3975,8847,1877,95811%
Surplus / (Deficit)19315636653466424%
FY 2010FY 2011FY 2012FY 2013FY 2014% Increase / (Decrease) [Year 13 on Year 12]
Balance SheetYEAR 9 (S$,000)YEAR 10 (S$,000)YEAR 11 (S$,000)YEAR 12 (S$,000)YEAR 13 (S$,000)
Land and Buildings7,0076,6596,2995,6075,269-6%
Other Tangible Assets2382063096021,233105%
Accounts Receivable389602481188421124%
Cash & Deposits5,0455,5205,98410,07412,37623%
& Others (please specify if material)383514308273-11%
Total Assets12,71713,02213,08716,77919,57217%
FUNDS(To breakdown by each Funds as suggested below)
Unrestricted Fund 175,1305,5517,1838,9979,92610%
Restricted Fund 186,5766,3115,0454,5144,249-6%
Endowment Fund 1900000
Total Funds11,70611,86212,22813,51114,1755%
Long-Term LiabilitiesNANANANANANA
Current Liabilities1,0111,1608593268539765%
Total Liabilities1,0111,1608593268539765%
Total Funds & Liabilities12,71713,02213,08716,77919,57217%

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 2010FY 2011FY 2012FY 2013FY 2014% Increase / (Decrease) [Year 13 on Year 12]
Other InformationYEAR 9 (S$,000)YEAR 10 (S$,000)YEAR 11 (S$,000)YEAR 12 (S$,000)YEAR 13 (S$,000)
Donations/Grants and Sponsorships given to other Charities (S$¡¯000)------
No. of Employees1291271391391401%
Total Employees Costs (S$¡¯000)2,2172,5022,8003,8143,9113%
Ratio of Direct Fund-raising Expenses to Total Donations000.020.030-92%
Total Related Party Transactions 20 (S$¡¯000)000000%

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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