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Financial Information


ASSUMPTION PATHWAY SCHOOL

 
KEY INFORMATION ONLINE

1. Non-Financial Information

Address:
30 Cashew Road,
Singapore 679697

Email Address: aps@ite.edu.sg

Contact Information:

Name of Contact Person: Mr Alvin Wong
Telephone No: 68793900
Fax No: 67622857

Charity Status
Unique Entity No: T09CC0004J
Charity Regn Date: 17 July 2009
IPC Status
IPC No: IPC000672
Effective Date : 27 August 2014 to 26 August 2017
Auditor: Lo Hock Ling & Co.
2. Financial Information
Income
FY2015 Jan to Dec (S$'000)
FY2016 Jan to Dec (S$'000)
%Increase/ (Decrease)
Donations in Cash
  • Tax Deductible
  • Non-Tax Deductible 1
 
117
476

357
378

205%
-21%
Donations in Kind
  • Tax Deductible
  • Non-Tax Deductible
 
-
-
 
-
-

-
-
Grants / Sponsorships
20,842
21,517 3%
Investment income 150 264
76%
Investment gains
-
-
0%
Others (please specify if material)
241
319
32%
Total Income
21,826
22,835
5%
Expenses
FY2015 Jan to Dec (S$'000)
FY2016 Jan to Dec (S$'000)
%Increase/ (Decrease)
Direct Fund-raising Expenses 2
9
30
233%
Charitable Activites Expenses 3
  • Local
  • Overseas
 
337
-
 
382
117
 
13%
-
Other Operating & Administration Expenses 4
16,245
17,846
10%
Others (please specify if material)
-
-
-
Total Expenditure
16,591
18,375
11%
Surplus / (Deficit)
5,235
4,460
-15%
1. These include donations collected through flag days, donations that entail benefits to the donors and donations received for overseas purposes.

2. This refers to costs directly incurred and paid for during fund-raising. They include such costs as advertisements, printing, publicity materials, rental of premises, logistics, hiring of commercial third-party fund-raisers, organizing games of chance, etc.

3. These are all resources applied by the charity in undertaking its work to meet its charitable objectives in the delivery of goods and services. Such costs include the direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken.

4. These are expenses which relate to the general running of the charity that provide the governance infrastructure which allows the charity to operate, to generate the information required for public accountability, and the strategic planning processes that contribute to future development of the charity.
Balance Sheet
FY2015 Jan to Dec (S$'000)
FY2016 Jan to Dec (S$'000)
% Increase/ (Decrease)
ASSETS
Land and Buildings
23,586
22,655
-4%
Other Tangible Assets
634
919
45%
Investments
-
-
-
Inventories
-
-
-
Accounts Receivable
848
718
-15%
Cash & Deposits
24,512
29,225
19%
Others (please specify if material)
-
-
-
Total Assets
49,580
53,517
8%
 
FUNDS (To breakdown by each fund as suggested below)      
Unrestricted Fund 5
16,746
21,181
26%
Restricted Fund 6
4,129
4,837
17%
Endowment Fund 7
-
-
-
Total Funds
20,875
26,018
25%
 
LIABILITIES (To breakdown by each fund as suggested below)      
Long-Term Liabilities
24,162
23,526
-3%
Current Liabilities
4,543
3,973
-13%
Total Liabilities
28,705
27,499
-4%
 
 
 
 
Total Funds and Liabilities
49,580
53,517
8%
5. These are generally unrestricted funds which the IPC is free to use for its programmes and operating costs e.g. General Fund.

6. These are special funds held by the IPC that can only be applied for specific purposes, e.g. Building Fund.

7. These are funds which the IPC holds in trust for the benefit of the IPC as a capital fund. Generally, only interest income from Endowment Funds are used, and not the capital sum.
Other Information
FY2015 Jan to Dec (S$'000)
FY2016 Jan to Dec (S$'000)
% Increase/ (Decrease)
Donations/Grants and Sponsorships given to other Charities (S$’000)
-
-
-
No. of Employees
140
143
2%
Total Employee Costs
11,793
12,724
8%
Total Related Party Transactions (S$’000) 8
-
-
-
Fund-raising efficiency (S$’000) 9
-
-
-
Ratio of reserves to annual operating expenditure 10
-
-
-
3. For Each Fund-Raising Event that raises $1 million or more
Fund-Raising Activities and Planned Use of Funds Raised
Total Fund Raised (S$'000)
Fund-Raising Expenses(S$'000)
-
-
-
8. Related Party Transactions refer to transactions between the IPC and another person where either person could have influence over the other. For example, if a board member of an IPC is related to a certain supplier of services for the IPC, the value of the transactions should be disclosed. Refer to the Financial Reporting Standards for the full definition of Related Party Transactions.

9. This is expressed in the ratio of A to B, where A refers to Direct Fund-raising Expenses and sponsorships relating to fund-raising (where receipts have been issued by sponsors); and B refers to total donations received from fund-raising and sponsorships relating to fund-raising (where receipts have been issued by sponsors).

10. This is expressed in the ratio of C to D, where C refers to Unrestricted Funds; and D refers to Charitable Activities Expenses and Other Operating and Administration Expenses.