Financial Information

Income	2022 (S$'000)	2023 (S$'000)	2024 (S$'000)
Donations in cash
Tax Deductible	7,959	$8,988	$6,865
Non-Tax Deductible	$1,746	$3,964	$6,161
Donations in kind
Tax Deductible	-	-	-
Non-Tax Deductible	$232	$210	$174
Government Grants	$46,765	$57,499	$67,262
Investment Income	$3,737	$3,999	$3,902
Programme Fees	$9,250	$13,561	$17,692
Other Income	$465	$404	$474
Total Income	$70,154	$88,625	$102,530

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Expenses	2022 (S$'000)	2023 (S$'000)	2024 (S$'000)
Fund-Raising Expenses	$292	$600	$416
Charitable Activities Expenses
Local	$57,443	$69,936	$79,686
Overseas	-	$16	$14
Other Expenses	$16,338	$9,152	$7,770
Total Expenditure	$74,073	$79,704	$87,886
Surplus	($3,919)	$8,921	$14,644

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Balance Sheet	2022 (S$'000)	2023 (S$'000)	2024 (S$'000)
Assets
Land & Buildings	$16,324	$14,507	$16,108
Other Tangible Asset	$11,555	$9,923	$7,554
Investments	$60,375	$29,751	$24,641
Inventories	$363	$329	$244
Accounts Receivable	$18,221	$28,258	$24,070
Cash & Deposits	$31,872	$55,802	$63,934
Other Assets	$988	$988	$1,284
Total Assets	$139,698	$139,558	$137,835

Funds
Unrestricted Funds	$54,117	$63,899	$79,034
Restricted Funds	-	-	-
Endowment Funds	-	-	-
Total Funds	$54,117	$63,899	$79,034

Liabilities
Current Liabilities	$76,548	$67,285	$49,371
Non-Current Liabilities	$9,033	$8,374	$9,430
Total Liabilities	$85,581	$75,659	$58,801

Total Funds and Liabilities	$139,698	$139,558	$137,835

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Other information	2022	2023	2024
No of Employees	862	974	1,009
Total Employee Costs (S$'000)	$37,580	$47,536	$52,796
Fund-Raising Efficiency Ratio	2.9	4.6	3.1
Total Related Party Transactions (S$'000)	$178	$2,365	$163
Ratio of Reserves (excluding Project Development Fund) to Annual Operating Expenditure	0.7	0.8	0.9

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