an ever-present help in times of trouble
Psalm 46:1
(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 |
(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) |