Financial & Other Information | SPD - Singapore

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financial and other information

  • In FY15/16, SPD received close to $22,800,000 mainly from donations, grants and other funding sources which went towards helping the more than 5,000 people with disabilities we serve. 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 FY15/16 have been audited by certified public accountants Helmi Talib & Co.

     

    Other Information FY15/16(S$'000)   FY14/15(S$'000) FY13/14(S$'000) 
    Income   
    Donations in Cash (Gross)       
    - Tax Deduction 2,888  3,679 3,188
    - Non-Tax Deduction 1,362 2,771 424
    Donations in Kind (Gross)      
    - Tax Deduction 0 0 0
    - Non-Tax Deduction 145 138 116
    Grants/Sponsorship1 15,348  12,337 8,183
    Investment Income 178 94 79
    Investment Gain NA NA NA
    Programme Fees 2,238 2,762 1,967 
    Amortisation of Deferred Capital Donations 0 0 0
    Sales of Works (Gross) 437 457 398
    Others2 199  237 165
    Total Income 22,795  22,475 14,520
    Expenses
    Direct Fund-raising Expenses 97 792 105
    Charitable Activities Expenses3      
    - Local 19,161  16,604 12,432
    - Overseas 17 44 9
    Other Operating & Administrative Expenses 546 587 494 
    Others 612 527 471 
    Total Expenditure 20,433  18,554 13,511
    Surplus/(Deficit) 2,362 3,921  1,009
           

     

    Other Information FY15/16(S$'000)  FY14/15(S$'000)  FY13/14(S$'000) 

    Assets

    Non-Current

    Land and Building  2,690 3,348 4,007
    Other Tangible Assets 1,336  1,347 1,099
    Current
    Inventories 119  105 43
    Accounts Receivable 2,318  8,017 2,962
    Others - - 9
    Cash & Fixed Deposits 30,939 23,554 15,264
    Total Assets 37,402  36,371 23,384
    Funds
    Unrestricted Fund4 26,398  25,133 18,955
    Restricted Fund5 2,574  1,450 1,442
    Endowment Fund NA NA NA
    Total Funds 28,972  26,583 20,397

    Liabilities

    Non-Current

    Direct Capital Donations and Grants 0 0 0
    Current
    Trade and other payables 8,430  9,788 2,987
    Total Liabilities 8,430  9,788 2,987
    Total Funds and Liabilities 37,402 36,371 23,384 
           

     

    Other Information FY15/16(S$'000)  FY14/15(S$'000)  FY13/14(S$'000)
    Donations/Grants and Sponsorships given to other Charities (S$'000) NA  NA  NA 
    No. of Employees6 (as at March) 296  245 188
    Total Employee Costs(S$'000) 15,146  11,994 9,618
    Ratio of Direct Fund-raising Expenses to Total Donation 0.02  0.12 0.03 
    Total Related Party Transaction (S$'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.

     

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