Financial & Other Information
Fund Distribution
SPD receives funding from generous corporations, individuals and the government. As at 31 March 2008, 80% of the total funds received benefit the clients through the various programmes and services encompassing day care, training, employment, rehabilitation, assistive technology, social support, financial assistance, transport, public education and advocacy.
Of the funds that were raised directly from the public, 4.2% was spent on direct fundraising staff administration and 17.4% on fundraising project costs. This year, SPD aims to raise $3.5 million to complement government funding.
Annual Report
Download our full annual report below:
[FY 2007/2008]
[FY 2006/2007]
[FY 2005/2006]
Financial Information
The financial information for FY07/08 have been audited by certified public accountants Suhaimi Salleh & Associates.
FY05/06 |
FY06/07 |
FY07/08 |
%Increase/ (Decrease) |
|
|---|---|---|---|---|
Income |
||||
Donations in |
||||
- Tax Deductible |
2,252 9 |
2,145 |
5,394 |
151% |
- Non-Tax Deductible |
164 9 |
308 |
85 |
(72%) |
Donations in Kind |
||||
- Tax Deductible |
NA |
0 |
0 |
0 |
- Non-Tax Deductible |
10 |
85 |
153 |
80% |
Grants/ |
1,504 |
1,938 |
2,476 |
28% |
Investment Income |
91 |
163 |
129 |
21% |
Investment Gain |
NA |
NA |
NA |
NA |
Programme Fees |
437 |
901 |
1,324 |
47% |
Amortisation of Deferred Capital Donations |
661 |
661 |
711 |
8% |
Sales of Works |
505 |
758 |
904 |
19% |
Others 2 |
122 |
36 |
24 |
(33%) |
Total Income3 |
5,747 |
6,994 |
11,200 |
60% |
Expenses |
||||
Direct Fund-raising Expenses |
172 |
111 |
977 |
780% |
Charitable Activities Expenses4 |
||||
- Local |
5,747 |
6,749 |
8,788 |
30% |
- Overseas |
NA |
NA |
NA |
NA |
Other Operating & Administrative Expenses |
NA |
NA |
NA |
NA |
Others |
NA |
NA |
NA |
NA |
Total Expenditure5 |
5,919 |
6,860 |
9,765 |
42% |
Surplus/(Deficit) |
(172) |
134 |
1,435 |
971% |
Balance Sheet |
FY05/06 |
FY06/07 |
FY07/08 |
%Increase/(Decrease) |
|---|---|---|---|---|
Assets |
||||
Land and Buildings |
9,382 |
8,728 |
9,185 |
5% |
Other Tangible Assets |
NA |
NA |
NA |
NA |
Investments |
NA |
NA |
NA |
NA |
Inventories |
47 |
62 |
38 |
39% |
Accounts Receivable & Others |
230 |
54412 |
1,372 |
152% |
Cash & Deposits |
5,645 |
5,943 |
6,804 |
14% |
Total Assets |
15,304 |
15,277 |
17,399 |
14% |
Funds |
||||
Unrestricted Fund6 |
3,394 |
4,394 |
5,813 |
32% |
Restricted Fund7 |
1,882 |
1,016 |
1,032 |
2% |
Endowment Fund |
NA |
NA |
NA |
NA |
Total Funds |
5,276 |
5,410 |
6,845 |
27% |
Deferred Revenue |
||||
Deferred Capital Donations |
9,031 |
8,370 |
8,265 |
1% |
Total Deferred Revenue |
9,031 |
8,370 |
8,265 |
1% |
Liabilities |
||||
Long-Term Liabilities |
NA |
NA |
NA |
NA |
Current Liabilities |
998 |
1,49712 |
2,289 |
53% |
Total Liabilities |
998 |
1,497 |
2,289 |
53% |
Total Funds, Deferred Revenue and Liabilities |
15,304 |
15,277 |
17,399 |
14% |
Other Information |
FY05/06 |
FY06/07 |
FY07/08 |
%Increase/ (Decrease) |
|---|---|---|---|---|
Donations/Grants and Sponsorships given to other Charities (S$'000) |
NA |
NA |
NA |
NA |
No. of Employees (as at 31 March)8 |
104 |
93 |
130 |
39.8% |
Total Employee Costs (S$'000) |
3,03510 |
3,93310 |
5,18911 |
NA |
Ratio of Direct Fund-raising Expenses to Total Donations |
0.07 |
0.04 |
0.17 |
NA |
Total Related Party Transactions (S$'000) |
NA |
NA |
NA |
NA |
Note:
1 Comprises government subvention and grant from the National Council of Social Service. The figure includes both current year grants and prior year adjustments.
2 Other income includes membership fees and miscellaneous income.
3 The total income for FY05/06 differs from that in annual report as the latter reports net donation and excludes gross sales of works. The figure for FY06/07 differs from that in annual report as the latter reports net donation.
4 These are all resources applied by the Society in undertaking its work to meet its charitable objectives in the delivery of goods and services.
5 The total expenditure for FY05/06 differs from that in annual report as the latter excludes direct fundraising expenses and reports net sales of works. The figure for FY06/07 differs from that in the annual report as the latter excludes direct fundraising expenses.
6 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.
7 These are special funds held by SPD that can only be applied for specific purposes. The funds here are Lee Boon Huat Education Fund, Building Fund, Sinking Fund and SPD-RCSW IT Training Fund.
8 Includes production workers
9 Per accounting conventions
10 Includes staff salaries recruitment expenses, benefits, training costs and other related costs.
11 Includes staff and production workers' salaries, recruitment expenses, benefits, training costs and other related costs.
12 Reclassified to conform to current year's presentation