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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 2017 to 26 August 2020
Auditor: Lo Hock Ling & Co.
2. Financial Information
Income
FY2016 Jan to Dec (S$'000)
FY2017 Jan to Dec (S$'000)
%Increase/ (Decrease)
Donations in Cash
  • Tax Deductible
  • Non-Tax Deductible 1
 
357
378

365
371

2%
-2%
Donations in Kind
  • Tax Deductible
  • Non-Tax Deductible
 
-
-
 
-
-

-
-
Grants / Sponsorships
21,517
20,267 -6%
Investment income 264 284
8%
Investment gains
-
-
-
Others (please specify if material)
319
297
-7%
Total Income
22,835
21,584
-5%
Expenses
FY2016 Jan to Dec (S$'000)
FY2017 Jan to Dec (S$'000)
%Increase/ (Decrease)
Direct Fund-raising Expenses 2
30
15
-50%
Charitable Activites Expenses 3
  • Local
  • Overseas
 
382
117
 
337
43
 
-12%
-63%
Other Operating & Administration Expenses 4
17,915
19,194
7%
Others (please specify if material)
-
-
-
Total Expenditure
18,444
19,589
6%
Surplus / (Deficit)
4,391
1,995
-55%
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
FY2016 Jan to Dec (S$'000)
FY2017 Jan to Dec (S$'000)
% Increase/ (Decrease)
ASSETS
Land and Buildings
22,655
21,696
-4%
Other Tangible Assets
919
1,278
39%
Investments
-
-
-
Inventories
-
-
-
Accounts Receivable
718
385
-46%
Cash & Deposits
29,225
36,097
24%
Others (please specify if material)
-
-
-
Total Assets
53,517
59,456
11%
 
FUNDS (To breakdown by each fund as suggested below)      
Unrestricted Fund 5
21,181
22,854
8%
Restricted Fund 6
4,837
4,905
1%
Endowment Fund 7
-
-
-
Total Funds
26,018
27,759
7%
 
LIABILITIES (To breakdown by each fund as suggested below)      
Long-Term Liabilities
23,526
22,925
-3%
Current Liabilities
3,973
8,772
121%
Total Liabilities
27,499
31,697
15%
 
 
 
 
Total Funds and Liabilities
53,517
59,456
11%
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
FY2016 Jan to Dec (S$'000)
FY2017 Jan to Dec (S$'000)
% Increase/ (Decrease)
Donations/Grants and Sponsorships given to other Charities (S$’000)
-
-
-
No. of Employees
143
145
1%
Total Employee Costs
12,793
13,524
6%
Total Related Party Transactions (S$’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.