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Financial Information
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FY 2003 |
FY 2004 |
FY
2005 |
|
Income
|
Year 2 (S$’000)
|
Year 3 (S$,000)
|
Year 4 (S$,000)
|
% Increase / (Decrease) [Year
4 on Year 3]
|
Donations in Cash
- Tax Deductible
- Non-Tax Deductible 13
|
856
95
|
430
449
|
431
158
|
0.23
(64.81)
|
Donations in Kind
- Tax Deductible
- Non-Tax Deductible
|
NA
NA
|
NA
NA
|
NA
NA
|
NA
NA
|
Grants / Sponsorships |
2,270 |
2,602 |
2,973 |
14.25 |
Investment Income |
NA |
NA |
NA |
NA |
Investment gains |
NA |
NA |
NA |
NA |
*Others (please specify if material) |
1,465 |
1,343 |
1,519 |
13.03 |
Total Income |
4,686 |
4,824 |
5,081
|
|
*Resident charges, Interests on FDs
Expenses
|
Year 2 (S$’000)
|
Year 3 (S$’000)
|
Year 4 (S$’000)
|
% Increase / (Decrease) [Year
4 on
Year 3]
|
Direct Fund-raising Expenses 14 |
127 |
68 |
12 |
(82.35) |
Charitable Activities Expenses 15
- Local
- Overseas |
1,759
-
|
1,853
-
|
2,204
-
|
18.94
-
|
Other Operating & Administration Expenses 16 |
2,396 |
2,579 |
3,118 |
20.90 |
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.
|
FY2003 |
FY
2004 |
FY
2005 |
|
Expenses
|
Year 2 (S$’000)
|
Year 3 (S$,000)
|
Year 4 (S$,000)
|
% Increase / (Decrease) [Year
4 on Year 3]
|
Others
(please specify if material) |
|
|
|
|
Total Expenditure |
4,282 |
4,500 |
5,334 |
18.53 |
Surplus / Deficit) |
404 |
324 |
(253)
|
(178.07) |
|
Balance Sheet
|
Year 2 (S$’000)
|
Year 3 (S$,000)
|
Year 4 (S$’000)
|
% Increase / (Decrease) [Year
4 on Year 3]
|
ASSETS |
|
|
|
|
Land and Buildings |
9,062 |
8,725 |
8389 |
(3.85) |
Other Tangible Assets |
459 |
399 |
377 |
(5.51) |
Investments |
NA |
NA |
NA |
NA |
Inventories |
NA |
NA |
NA |
NA |
Accounts Receivable |
293 |
296 |
171 |
(42.23) |
Cash & Deposits |
4,640 |
5,038 |
5,157 |
2.36 |
Others (please specify if material) |
18 |
18 |
30 |
66.67 |
Total Assets |
14,472 |
14,476 |
14,124 |
2.43 |
FUNDS (To breakdown by each Funds as suggested below)
|
|
|
|
|
Unrestricted Fund 17 |
4,020 |
4,349 |
4,429 |
1.84 |
Restricted Fund 18 |
1,000 |
1,000 |
1,000 |
0 |
Endowment Fund 19 |
8,783 |
8,399 |
8,066 |
(3.96) |
Total Funds |
13,803 |
13,748 |
13,495 |
1.84 |
LIABILITIES |
|
|
|
|
Long-Term Liabilities |
NA |
NA |
NA |
NA |
Current Liabilities |
669 |
728 |
629 |
(13.60) |
Total Liabilities |
669 |
728 |
629 |
(13.60) |
Total Funds & Liabilities |
14,472 |
14,476 |
14,124 |
2.43 |
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.
|
FY2003 |
FY
2004 |
FY
2005 |
|
Other information
|
Year 2 (S$’000)
|
Year 3 (S$’000)
|
Year 4 (S$,000)
|
% Increase / (Decrease) [Year
4 on Year 3]
|
Donations/Grants and Sponsorships given to other Charities (S$’000) |
-
|
-
|
-
|
-
|
No. of Employees |
125 |
131 |
135 |
3.05 |
Total Employees Costs (S$’000) |
1,922 |
1,971 |
2,210 |
12.13 |
Ratio of Direct
Fund-raising
Expenses to Total Donations
|
0.13 |
0.08 |
0.01 |
(87.5) |
Total Related Party Transactions 20 (S$’000)
|
-
|
67
|
73
|
8.96
|
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.
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