Financial Information
View Assumption Pathway School's key financial data.
ASSUMPTION PATHWAY SCHOOL
KEY INFORMATION ONLINE
Assumption Pathway School Non-Financial Information
1. Non-Financial Information | |
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Address: Email Address: aps@schools.gov.sg (opens in new tab) | Contact Information: Name of Contact Person: Mr Stephen Chin |
Charity Status | IPC Status |
Auditor: Lo Hock Ling & Co. | |
Income by category for FY2023 and FY2024
2. Financial Information | |||
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Income | FY2023 Jan to Dec (S$'000) | FY2024 Jan to Dec (S$'000) | % Increase/ (Decrease) |
Donations in Cash |
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Donations in Kind |
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Grants / Sponsorships | 15,972 | 16,884 | 6% |
Investment income | 543 | 492 | -9% |
Investment gains | - | - | - |
Others (please specify if material) | 407 | 421 | 3% |
Total Income | 17,232 | 18,178 | 5% |
Expenditure by category for FY2022 and FY2023
Expenses | FY2022 Jan to Dec (S$'000) | FY2023 Jan to Dec (S$'000) | %Increase/ (Decrease) |
Direct Fund-raising Expenses 2 | - | - | - |
Charitable Activities Expenses3 |
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Other Operating & Administration Expenses 4 | 19,307 | 20,203 | 5% |
Others (please specify if material) | - | - | - |
Total Expenditure | 19,834 | 20,683 | 4% |
Surplus / (Deficit) | (-2,602) | (-2,505) | -4% |
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 by asset, fund and liability for FY2023 and FY2024
Balance Sheet | FY2023 Jan to Dec (S$'000) | FY2024 Jan to Dec (S$'000) | % Increase/ (Decrease) |
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ASSETS | |||
Land and Buildings | 16,036 | 15,093 | -6% |
Other Tangible Assets | 821 | 1,182 | 44% |
Investments | - | - | - |
Inventories | - | - | - |
Accounts Receivable | 274 | 203 | -26% |
Cash & Deposits | 24,935 | 17,573 | -30% |
Others (please specify if material) | - | - | - |
Total Assets | 42,066 | 34,051 | -19% |
FUNDS (To breakdown by each fund as suggested below) | |||
Unrestricted Fund5 | 17,513 | 14,257 | -19% |
Restricted Fund6 | 766 | 655 | -14% |
Endowment Fund7 | - | - | - |
Total Funds | 18,279 | 14,912 | -18% |
LIABILITIES (To breakdown by each fund as suggested below) | |||
Long-Term Liabilities | 16,799 | 16,216 | -3% |
Current Liabilities | 6,988 | 2,923 | -58% |
Total Liabilities | 23,787 | 19,139 | -20% |
Total Funds and Liabilities | 42,066 | 34,051 | -19% |
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 including staff and costs for FY2023 and FY2024
Other Information | FY2023 Jan to Dec (S$'000) | FY2024 Jan to Dec (S$'000) | % Increase/ (Decrease) |
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Donations/Grants and Sponsorships given to other Charities (S$’000) | - | - | - |
No. of Employees | 129 | 125 | -3% |
Total Employee Costs | 14,364 | 14,693 | 2% |
Total Related Party Transactions (S$’000) 8 | - | - | - |
Fund-raising efficiency (S$’000)9 | - | - | - |
Ratio of reserves to annual operating expenditure10 | - | - | - |
Fund-raising events raising $1 million or more
3. For Each Fund-Raising Event that raises $1 million or more | ||
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Fund-Raising Activities and Planned Use of Funds Raised | Total Fund Raised (S$'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.