SINGAPORE PRESS HOLDINGS FOUNDATION LIMITED
 
Incoming Receipts
2006
(S$)
2007
(S$)
2008
(S$)
% Increase/ (Decrease)
[2008 on 2007]
Donations in Cash
- Tax Deductible
- Non-Tax Deductible

0
0

0
0

0
0

NA
NA
Donations in Kind
- Tax Deductible
- Non-Tax Deductible

0
0

0
0

0
0

NA
NA
Grants / Sponsorships
0
0
0
NA
Investment income
1,714,808
1,510,212
1,885,065
24.8
Investment gains
5,484,725
1,169,357
0
(100.0)
Others – Gain on re-measurement of investment
0
147,060
0
(100.0)
Total Income
7,199,533
2,826,629
1,885,065
(33.3)

Expenses
2006
(S$)
2007
(S$)
2008
(S$)
% Increase/ (Decrease)
[2008 on 2007]
Direct Fund-raising Expenses
0
0
0
NA
NA
Charitable Activities Expenses
- Local
- Overseas

1,135,859
0

1,528,739
0

1,241,243
0

(18.8)
NA
Other Operating / Administration Expenses
118,837
102,699
122,998
19.8
Others - Investment losses
0
0
165,152
100.0
Others - Loss on re-measurement of investment
47,160
0
354,260
100.0
Total Expenditure
1,301,856
1,631,438
1,883,653
15.5
Surplus / (Deficit)
5,897,677
1,195,191
1,412
(99.9)

Balance Sheet
2006
(S$)
2007
(S$)
2008
(S$)
% Increase/ (Decrease)
[2008 on 2007]
Assets        
Investments
36,304,853
32,113,308
27,550,315
(14.2)
Accounts Receivable
134,357
112,777
105,147
(6.8)
Cash & Deposits
569,743
6,672,731
6,616,950
(0.8)
Others - Tax recoverable
189,320
200,395
15,805
(92.1)
Total Assets
37,198,273
39,099,211
34,288,217
(12.3)
Funds
Restricted Fund
- Endowment Fund

33,868,325

36,537,682

39,163,669

7.2
Unrestricted Fund
- Accumulated surplus
- Fair value reserves

802,434
2,504,984

828,268
1,720,966

829,680
(5,754,051)

0.2
(434.4)
Total Funds
37,175,743

39,086,916

34,239,298

(12.4)
Liabilities
Current liabilities
22,530
12,295
48,919
297.9
Total liabilities
22,530
12,295
48,919
297.9
Total liabilities and funds
37,198,273
39,099,211
34,288,217
(12.3)

Balance Sheet
2006
(S$)
2007
(S$)
2008
(S$)
% Increase/ (Decrease)
[2008 on 2007]
Donations/Grants and Sponsorships given to other Charities ($)
1,135,859
1,528,739
1,241,243
(18.8)
No. of Employees
0
0
0
NA
Total Related Party Transactions ($)
2,210,000
1,433,332
1,032,341
(28.0)
Fund-raising efficiency
NA
NA
NA
NA
Ratio of reserves to annual operating expenditure
1 : 0.04
1 : 0.04
(1 : 0.02)
NA


   
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.
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.
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.

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