Financial & Other Information | SPD - Singapore

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financial and other information

  • In FY16/17, SPD received close to $29,600,000 mainly from donations, grants and other funding sources which went towards supporting the more than 9,400 people with disabilities we serve through our programmes and services, of which 5,500 were unique individuals. As a policy, we keep our administrative cost to within 20% of the donations received.

     

    Annual Report

    Download our full annual report below:

     

    Financial Information

    The financial information for FY16/17 have been audited by certified public accountants Helmi Talib & Co.

     

    Other Information FY16/17(S$'000)   FY15/16(S$'000)  FY14/15(S$'000) 
    Income   
    Donations in Cash (Gross)       
    - Tax Deduction 2,827  2,888 3,679
    - Non-Tax Deduction 3,332 1,362 2,771
    Donations in Kind (Gross)      
    - Tax Deduction      
    - Non-Tax Deduction 129 145 138
    Grants/Sponsorship1 19,362  15,348 12,337
    Investment Income 252 178 94
    Investment Gain NA NA NA
    Programme Fees 3,020 2,238 2,762 
    Amortisation of Deferred Capital Donations - - -
    Sales of Works (Gross) 405 437 457
    Others2 231  198 237
    Total Income 29,558  22,795 22,475
    Expenses
    Direct Fund-raising Expenses 1,044 97 792
    Charitable Activities Expenses3      
    - Local 23,404  19,178 16,648
    - Overseas - - -
    Other Operating & Administrative Expenses 666 546 587 
    Others 687 612 527 
    Total Expenditure 25,801  20,433 18,554
    Surplus/(Deficit) 3,757 2,362  3,921
           

     

    Other Information FY16/17(S$'000)  FY15/16(S$'000)  FY14/15(S$'000) 

    Assets

    Non-Current

    Land and Building  2,031 2,690 3,348
    Other Tangible Assets 2,573  1,336 1,347
    Current
    Inventories 118  119 105
    Accounts Receivable 3,284  2,318 8,017
    Others - - -
    Cash & Fixed Deposits 31,771 30,940 23,554
    Total Assets 39,777  37,402 36,371
    Funds
    Unrestricted Fund4 29,007  26,398 25,133
    Restricted Fund5 3,722  2,574 1,450
    Endowment Fund - - -
    Total Funds 32,729  28,972 26,583

    Liabilities

    Non-Current

    Direct Capital Donations and Grants - - -
    Current
    Trade and other payables 7,048  8,430 9,788
    Total Liabilities 7,048  8,430 9,788
    Total Funds and Liabilities 39,777 37,402 36,371 
           

     

    Other Information FY16/17(S$'000)  FY15/16(S$'000) FY14/15(S$'000)
    Donations/Grants and Sponsorships given to other Charities (S$'000) NA  NA  NA 
    No. of Employees6 (as at March) 335  302 245
    Total Employee Costs(S$'000) 18,550  15,146 11,994
    Ratio of Direct Fund-raising Expenses to Total Donation 0.17  0.02 0.12 
    Total Related Party Transaction (S$'000) NA NA NA
           

     

    Notes:

    1 Mainly comprises funding and grants from government agencies. The figure includes both current year grants and prior year adjustments.

    2 Other income includes membership fees and miscellaneous income.

    3 These are all resources applied by the SPD in undertaking its work to meet its charitable objectives in the delivery of goods and services.

    4 These are generally unrestricted funds which SPD is free to use for its programmes and operating costs. The fund here refers to SPD's accumulated general fund.

    5 These are special funds held by SPD that can only be applied for specific purposes. The funds here are Lee Boon Huat Education Fund and Sinking Fund.

    6 Includes production workers

    7 Includes staff and production workers' salaries, recruitment expenses, benefits, training costs and other related costs.

     

    Non-financial Information

    For non-financial information required by IRAS.

     

    Fundraising Events Exceeding S$1 Million

    SPD Charity Show 2017