 |
| SINGAPORE
PRESS HOLDINGS FOUNDATION LIMITED |
| Incoming
Receipts |
2004
(S$’000) |
2005
(S$’000) |
Growth%
2004 vs 2005 |
Donations in Cash
- Tax Deductible
- Non-Tax Deductible1 |
0
0 |
100
0 |
NM
NA
|
Donations in Kind
- Tax Deductible
- Non-Tax Deductible |
0
0
|
0
0
|
NA
NA
|
| Grants
/ Sponsorships |
0 |
0 |
NA |
| Investment
income |
975,310 |
1,384,259 |
41.9 |
| Investment
gains |
25,105 |
75,387 |
200.3 |
| Others |
0 |
0 |
NA |
| Total
Income |
1,000,415 |
1,459,746 |
45.9 |
| Expenses |
2004
(S$’000) |
2005
(S$’000) |
Growth%
2004 vs 2005 |
| Direct Fund-raising Expenses2 |
0 |
0 |
NA |
Charitable Activities Expenses3
- Local
- Overseas |
723,450
0
|
965,420
0
|
33.4
NA
|
| Other Operating
& Administration Expenses4 |
50,355 |
60,146 |
19.4 |
| Others - Loss on re-measurement of an investment |
0 |
279,000 |
NM |
| Total
Expenditure |
773,805 |
1,304,566 |
68.6 |
| Excess
(Deficit) |
226,610 |
155,180 |
(31.5) |
| Balance
Sheet |
2004
(S$’000) |
2005
(S$’000) |
Growth%
2004 vs 2005 |
| Assets |
|
|
|
| Land
and Building |
0 |
0 |
NA |
| Other Tangible
Assets |
0 |
0 |
NA |
| Investments |
21,768,468 |
30,498,047 |
40.1 |
| Inventories |
0 |
0 |
NA |
| Accounts
Receivable |
103,527 |
98,689 |
(4.7) |
| Cash
& Deposits |
1,146,458 |
1,511,286 |
31.8 |
| Others - Tax recoverable |
85,086 |
176,341 |
107.3 |
| Total
Assets |
23,103,539 |
32,284,363 |
39.7 |
| Funds |
|
|
|
Unrestricted Fund5
- Accumulated surplus
- Fair value reserves |
229,568
0
|
389,482
5,753,600
|
69.7
NM
|
| Restricted Fund6 |
0 |
0 |
NA |
| Endowment
Fund7 |
22,833,600 |
26,133,600 |
14.5 |
| Total
Funds |
23,063,168 |
32,276,682 |
39.9 |
| Liabilities |
|
|
|
| Long-term
liabilities |
0 |
0 |
NA |
| Current
liabilities |
40,371 |
7,681 |
(81.0) |
| Total
liabilities |
40,371 |
7,681 |
(81.0) |
| Total
liabilities and funds |
23,103,539 |
32,284,363 |
39.7 |
| Other
Information |
2004 |
2005 |
| Donations
/ Grants and Sponsorship given to other Charities (S$’000) |
723,450 |
965,420 |
| No.
of Employees |
0 |
0 |
| Total
Employee Costs (S$’000) |
0 |
0 |
| Total Related Party Transactions8 (S$'000) |
2,752,000 |
3,260,000 |
| Fund-raising efficiency9 |
NA |
NA |
| Ratio of reserves to annual operating expenditure10 |
1 : 0.22 |
1 : 0.01 |
| |
|
| 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. |
|
|
|
