an ever-present help in times of trouble
Psalm 46:1
God is our refuge and our strength,
Financial Statement
At 30 September 2020
Balance Sheet
| (restated) | ||
| 2020 (SGD) | 2021 (SGD) | |
| Non-current assets | ||
| Property, plant and equipment | 318,640 | 199,893 |
| Other financial assets at amortised cost | 1,270,357 | 1,771,589 |
| Financial assets at fair value through other comprehensive income | 510,520 | 503,020 |
| 2,099,517 | 2,474,502 | |
| Current assets | ||
| Other financial assets at amortised cost | 500,468 | - |
| Trade receivables | 24,952 | 12,738 |
| Other receivables | 268,324 | 75,297 |
| Cash and cash equivalents | 689,437 | 154,954 |
| 1,483,181 | 242,989 | |
| Total assests | 3,582,698 | 2,717,491 |
| Non-current liablity | ||
| Lease liabilities | 78,342 | - |
| Current liablity | ||
| Trade payables | 16,641 | 9,138 |
| Others payables | 251,281 | 189,510 |
| Lease liabilities | 100,736 | - |
| 368,658 | 198,648 | |
| Total liabilities | 447,000 | 198,648 |
| Net assets | 3,135,698 | 2,518,843 |
| Funds | ||
| Fair value reserve | 3,770 | (3,730) |
| General fund | 2,899,583 | 2,693,390 |
| Restricted funds | 232,345 | (170,817) |
| 3,135,698 | 2,518,843 |
For the financial year ended 30 September 2020
Statement of Comprehensive Income
| (Restated) | ||||
| Unrestricted funds 2020 (SGD) | Restricted funds 2020 (SGD) | Total 2020 (SGD) | Total 2020 (SGD) | |
| Income | ||||
| Donation and grants | 1,061,867 | 527,140 | 1,589,007 | 845,069 |
| Income from charitable activities | 426,815 | 33,141 | 459,956 | 485,267 | Income from fund raising events | 839,172 | - | 839,172 | 730,864 |
| Interest income | 87,857 | - | 87,857 | 78,758 |
| Other income | 60,518 | - | 60,518 | 39,625 |
| Total income | 2,476,229 | 560,281 | 3,036,510 | 2,179,583 |
| Expenditure | ||||
| Depreciation of property, plant and equipment | (106,353) | (14,056) | (120,409) | (116,216) |
| Cost of fund raising events | (131,361) | - | (131,361) | (87,479) |
| Cost of charitable activities | (1,643,894) | (133,277) | (1,777,171) | (1,853,078) |
| Governance costs | (61,933) | - | (61,933) | (41,581) |
| Other expenditure | (323,808) | (12,473) | (336,281) | (309,088) |
| Total expenditure | (2,267,349) | (159,806) | (2,427,155) | (2,407,442 |
| Surplus/(Deficit) for the financial year | 208,880 | 400,475 | 609,355 | (227,859) |
| Other comprehensive income Items that may be reclassified subsequently to income or expenditure | ||||
| Fair value gain on financial assets at fair value through other comprehensive income | 7,500 | - | 7,500 | 8,480 |
| Net surplus/(deficit) and total comprehensive income/(loss) for the financial year | 216,380 | 400,475 | 616,855 | (219,379) |