TOUCH Community Services: Singapore Charity Organisation Financial Information

Financial Information

Incoming Receipts

 

2021 (S$'000)

 

2022 (S$'000)

(Restated)

2023 (S$'000)

 

%Increased/ (Decreased)

(2023 on 2022)
Tax-Deductible Donations (B1) 6,944 7,047 6,505 (7.7%)
Non-Tax-Deductible Donations (B2) 2,372 2,996  4,899 63.5%
Government Grants 18,659 23,922
 33,245 39.0%
Programme Fees 3,613
 4,993 9,178 83.8%
Other Income 1,824 1,409 657 (53.4%) 
Total Receipts 33,411
 40,368
 54,484 35.0%

Expenditure

 

2021 (S$'000)

 

2022 (S$'000)

(Restated)

2023 (S$'000)

 

%Increased/ (Decreased)

(2023 on 2022)
Charitable Activities/Programme Expenses
- Local
- Overseas
 

26,799
-
 

36,449
42
 

50,815
213
 

39.4%
404.9%
Fund-raising Expenses (A) 1,336 1,593
 2,245 40.9%
Other Expenses 1,711 2,054
 3,706 80.4%
Total Expenditure (D) 29,847 40,138
 56,979 42.0%
Surplus / (Deficit) 3,564
 229 (2,495) (1188.4%)

Balance Sheet

 

2021 (S$'000)

(Restated)

2022 (S$'000)

(Restated)

2023 (S$'000)

 

%Increased/ (Decreased)

(2023 on 2022)

ASSETS
Tangible Assets 1,574 1,601
 1,519 (5.13%)
Right-of-use Assets 872 616 1,364 121.34%
Intangible Assets 1,085 852 1,517 77.98%
Inventories 160 166
 173 4.01%
Accounts Receivables 4,225 6,147 5,802 (5.62%)
Financial Assets     5,034  0.00%
Cash and Deposits 26,612  25,761  19,014  (26.19%)
Total Assets 34,527 35,144 34,423 (2.05%)

FUNDS
Non-Restricted Fund (C) 2,801 3,135
 2,731 (12.87%)
Restricted Fund 18,017 17,912 15,821 (11.68%)
Total Funds 20,818 21,047
 18,552 (11.86%)

LIABILITIES
Current Liabilities 10,750 11,416 11,950 2.87%
Non-Current Liabilities 2,959 2,479 3,920 58.12%
Total Liabilities 13,709 14,097
 15,871 12.58%
Total Funds and Liabilities 34,527 35,144
 34,423 (2.05%)

Other Information

2021

2022

2023

%Increased/ (Decreased)

(2023 on 2022)
Donations / Grants and Sponsorship given to other Charities (S$'000) 40 40 30 (25.00%)
No. of Employees 336 387 401 3.62%
Total Employee Costs (S$'000) 21,048 27,454
 37,127 35.23%
Total Related Party Transactions ($'000) 940 535 599 12.02%
Fund-raising Efficiency Ratio (A)/(B1+B2) 0.14 0.16
 0.20 24.09%
Ratio of reserves to annual operating expenditure (C)/(D) 0.70 0.52
 0.33 (37.91%)

Notes:

  1. The above figures do not include the results of TOUCH Family Services Limited which is captured separately. 

  2. Related Party Transactions refer to transactions with affiliated companies. It includes donations received, rental charges, reimbursement of expenses and other payments for services received or rendered.

  3. Certain amounts in the comparative information for 2021 and 2022 have been reclassified and adjusted to conform with current period presentation.