Financial & Other Information | SPD - Singapore

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financial and other information

  • In FY17/18, SPD received about $29,400,000 mainly from donations, grants and other funding sources which went towards programmes and services catered to 9,400 persons with disabilities. As a policy, we kept our support cost to within 20% of our operating costs.

     

    Annual Report

    Download our full annual report below:

     

    Financial Information

    The financial information for FY17/18 have been audited by certified public accountants Helmi Talib & Co.

     

    Other Information FY17/18(S$'000)   FY16/17(S$'000)  FY15/16(S$'000) 
    Income   
    Donations in Cash (Gross)       
    - Tax Deduction 4,036  3,849 2,888
    - Non-Tax Deduction 658 2,310 1,362
    Donations in Kind (Gross)      
    - Tax Deduction      
    - Non-Tax Deduction 192 129 145
    Grants/Sponsorship1 19,821  19,362 15,348
    Investment Income 314 252 178
    Investment Gain NA NA NA
    Programme Fees 3,778 3,020 2,238 
    Amortisation of Deferred Capital Donations - - -
    Other Incomes2 632  637 636
    Total Income 29,432  29,558 22,795
    Expenses
    Direct Fund-raising Expenses 309 1,044 97
    Charitable Activities Expenses3      
    - Local 25,736  23,404 19,178
    - Overseas - - -
    Other Expenses 1,342 1,353 1,158 
    Total Expenditure 27,386  25,801 20,433
           

     

    Other Information FY17/18(S$'000)  FY16/17(S$'000)  FY15/16(S$'000) 

    Assets

    Non-Current

    Land and Building  1,373 2,031 2,690
    Other Tangible Assets 2,777  2,573 1,336
    Current
    Inventories 56  118 119
    Accounts Receivable 2,828  3,284 2,318
    Others - - -
    Cash & Fixed Deposits 37,154 31,771 30,940
    Total Assets 44,188  39,777 37,402
    Funds
    Unrestricted Fund4 30,511  26,007 26,398
    Restricted Fund5 4,263  3,722 2,574
    Endowment Fund - - -
    Total Funds 34,774  32,729 28,972

    Liabilities

    Non-Current

    Direct Capital Donations and Grants - - -
    Current
    Trade and other payables 9,414  7,048 8,430
    Total Liabilities 9,414  7,048 8,430
    Total Funds and Liabilities 44,188 39,777 37,402 
           

     

    Other Information FY17/18(S$'000)  FY16/17(S$'000) FY15/16(S$'000)
    Donations/Grants and Sponsorships given to other Charities (S$'000) NA  NA  NA 
    No. of Employees6 (as at March) 343  335 296
    Total Employee Costs(S$'000) 21,338  18,550 15,146
    Ratio of Direct Fund-raising Expenses to Total Donation 0.06  0.17 0.02 
    Total Related Party Transaction (S$'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.