Financial Information The following contains the key financial information of TOUCH Community Services, as stipulated by the Ministry of Finance.
Incoming Receipts
2004 (S$'000)
2005 (S$'000)
2006 (S$'000)
2007 (S$'000)
2008 (S$'000)
%Increased/(Decreased) (2008 on 2007)
Tax-Exempt Donations (B1)
2,060
1,982
3,041
3,194
2,920
(8.6%)
Non-Tax-Exempt Donations and Fund-raising (B2)
734
852
822
613
278
(54.7%)
Grants/Sponsorships
1,400
1,485
1,163
1,252
1,162
(7.2%)
Programme Income
1,421
1,591
1,709
1,260
820
(34.9%)
Others
-
-
-
14
-
(100%)
Total Receipts
5,615
5,910
6,735
6,334
5,180
(18.2%)
Expenses
2004 (S$'000)
2005 (S$'000)
2006 (S$'000)
2007 (S$'000)
2008 (S$'000)
%Increased/(Decreased) (2008 on 2007)
Direct Charitable expenses
-
Local
-
Overseas
4,262
-
4,531
-
4,881
-
3,633
-
3,250
-
(10.5%)
-
Fund-raising (A)
386
367
567
595
473
(20.5%)
Publicity
203
217
256
293
267
(8.9%)
Operating/
Administration
770
731
890
911
887
(2.6%)
Capital Expenses (Depreciation)
86
55
50
41
32
(22.1%)
Others
-
-
-
-
-
-
Total Expenditure (D)
5,707
5,900
6,644
5,473
4,909
(10.3%)
Excess (Deficit)
(92)
10
91
861
271
(68.5%)
Add: Extraordinary Item - waiver of loan
-
-
-
-
-
-
Excess/(Deficit) after Extraordinary Item
(92)
10
91
861
271
(68.5%)
Balance Sheet
2004 (S$'000)
2005 (S$'000)
2006 (S$'000)
2007 (S$'000)
2008 (S$'000)
%Increased/(Decreased) (2008 on 2007)
ASSETS
Fixed Assets
1,149
1.039
737
538
420
(21.9%)
Sundry Receivables
138
335
227
279
211
(24.3%)
Amount owing by related parties
153
162
307
234
-
(100.0%)
Banks and cash balances
1,261
1,422
1,893
2,545
2,536
(0.3%)
Total Assets
2,701
2,958
3,164
3,595
3,167
(11.9%)
FUNDS
General Fund (C)
(102)
(92)
-
861
1,132
31.4%
Asset Fund
186
562
332
442
257
(41.9%)
Asset Capitalisation Reserve
1,063
752
667
447
345
(22.8%)
Welfare Assistance Fund
225
214
209
232
209
(9.9%)
Love Afghan Fund
29
29
29
29
29
0.0%
Crisis Relief Fund
133
93
54
40
58
46.2%
Tsunami Fund
(2)
386
354
353
304
(13.9%)
Educational Aid Fund
47
23
3
5
4
(20.9%)
China Fund
-
-
-
64
46
(27.6%)
Total Funds
1,579
1,967
1,648
2,473
2,384
(3.6%)
LIABILITIES
Long Term Liabilities
-
-
-
-
-
-
Current Liabilities
Sundry payables
1,122
991
1,516
1,019
783
(23.2%)
Amount owing to affiliated organisation
-
-
-
103
-
(100.0%)
Deferred Contributions
-
-
-
-
-
-
Lease Liabilities
-
-
-
-
-
-
Total Liabilities
1,122
991
1,516
1,122
783
(30.2%)
Total Funds and Liabilities
2,701
2,958
3,164
3,595
3,167
(11.9%)
Other Information
2004
2005
2006
2007
2008
%Increased/(Decreased) (2008 on 2007)
Donations / Grants and Sponsorship given to other Charities (S$'000)
40
40
75
75
0
(100.0%)
No. of Employees
116
120
114
87
71
(18.4%)
Total Employee Costs (S$'000)
4,213
4,322
4,542
3,779
3,208
(15.1%)
Total Related Party Transactions ($'000)
750
1,058
697
785
937
19.4%
Fund-raising efficiency (A)/(B1+B2)
0.14
0.13
0.15
0.16
0.15
Ratio of reserves to annual operating expenditure (C)/(D)
(0.02)
(0.02)
-
0.16
0.23
Notes:
1.
The above figures do not include the results of TOUCH Family Services Limited, TOUCH Youth Limited and TOUCH Family Development Centre which are different entities captured separately.
2.
Related Party Transactions refer to transactions with affiliated companies. It includes donations from, advances to ,rental paid, reimbursement of expenses paid on behalf and payment for services received or rendered.
