Financial Information
Financial Information
| ASSUMPTION PATHWAY SCHOOL KEY INFORMATION ONLINE |
|
|---|---|
| 1. Non-Financial Information | |
| Address: 30 Cashew Road, Singapore 679697 Email Address: aps@schools.gov.sg |
Contact Information: Name of Contact Person: Mr Alvin Wong Telephone No: 62793000 Fax No: 67622857 |
| Charity Status Unique Entity No: T09CC0004J Charity Regn Date: 17 July 2009 |
IPC Status IPC No: IPC000672 Effective Date : 27 August 2020 to 26 August 2023 |
| Auditor: Lo Hock Ling & Co. |
| 2. Financial Information | |||
|---|---|---|---|
| Income | FY2020 Jan to Dec (S$'000) | FY2021 Jan to Dec (S$'000) | % Increase/ (Decrease) |
| Donations in Cash Tax Deductible Non-Tax Deductible 1 |
162 266 |
113 223 |
(30%) (16%) |
| Donations in Kind Tax Deductible Non-Tax Deductible |
- - |
- - |
- - |
| Grants / Sponsorships | 16,047 |
16,945 | 6% |
| Investment income | 333 | 67 |
(80%) |
| Investment gains | - | - | - |
| Others (please specify if material) | 176 |
202 |
15% |
| Total Income | 16,984 | 17,550 | 3% |
| Expenses | |||
|---|---|---|---|
| Direct Fund-raising Expenses 2 | - |
- |
- |
| Charitable Activities Expenses 3 Local Overseas |
463 - |
374 - |
(19%) - |
| Other Operating & Administration Expenses 4 | 16,725 | 17,868 | 7% |
| Others (please specify if material) | - | - | - |
| Total Expenditure | 17,188 | 18,242 | 6% |
| Surplus / (Deficit) | (204) |
(692) |
239% |
| Others (please specify if material) | 176 |
202 |
15% |
| Total Income | 16,984 | 17,550 | 3% |
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 | FY2020 Jan to Dec (S$'000) | FY2021 Jan to Dec (S$'000) | % Increase/ (Decrease) |
|---|---|---|---|
| ASSETS | |||
| Land and Buildings | 18,866 | 17,922 | (5%) |
| Other Tangible Assets | 1,189 |
1,634 | 37% |
| Investments | - | - | - |
| Inventories | - | - | - |
| Accounts Receivable | 165 |
143 | (13%) |
| Cash & Deposits | 30,030 | 28,054 | (7%) |
| Others (please specify if material) | - | - | - |
| Total Assets | 50,250 |
47,753 |
(5%) |
| FUNDS (To breakdown by each fund as suggested below) | |||
| Unrestricted Fund 5 | 21,666 | 20,969 | (3%) |
| Restricted Fund 6 | 4,671 | 4,024 |
(14%) |
| Endowment Fund 7 | - | - | - |
| Total Funds | 26,337 | 24,993 | (5%) |
| LIABILITIES (To breakdown by each fund as suggested below) | |||
| Long-Term Liabilities | 19,989 | 19,503 | (2%) |
| Current Liabilities | 3,924 | 3,257 | (17%) |
| Total Liabilities | 23,913 | 22,760 | (5%) |
| Total Funds and Liabilities | 50,250 | 47,753 | (5%) |
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 | FY2020 Jan to Dec (S$'000) | FY2021 Jan to Dec (S$'000) | % Increase/ (Decrease) |
|---|---|---|---|
| Donations/Grants and Sponsorships given to other Charities (S$’000) | - | - | - |
| No. of Employees | 135 | 128 | (5%) |
| Total Employee Costs | 12,679 | 13,285 | 5% |
| Total Related Party Transactions (S$’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.