Financial transparency and accountability play an important role in an organisation. This is especially so in a voluntarily welfare organisation, where public interests are involved. Ren Ci is committed to good financial management and practices. The financial disclosure is a testament of our commitment towards our donors and stakeholders.
| Incoming Receipts Incoming Resource | FY2021/2022 (S$' 000) | FY2022/2023 (S$' 000) | FY2023/2024 (S$' 000) | Increase / (Decrease) % FY2022/23 vs FY2023/24 |
|---|---|---|---|---|
| Donations in Cash - Tax Deductible - Non-Tax Deductible | 5,084 1,131 | 4,287 1,481 | 4,321 1,801 | 1% 22% |
| Donation in Kind/Sponsorships - Tax Deductible - Non-Tax Deductible | - 563 | - 98 | - 258 | N.A 163% |
| Grants | 58,425 | 61,849 | 68,202 | 10% |
| Investment Income & Gains | (2,340) | (3,519) | 11,326 | 422% |
| Patient Services Charges | 16,995 | 19,173 | 18,875 | (2%) |
| Other (other income etc) | 3,253 | 3,337 | 3,441 | 3% |
| Total Receipts | 83,111 | 86,706 | 108,224 | 25% |
| Expenses | FY2021/2022 (S$' 000) | FY2022/2023 (S$' 000) | FY2023/2024 (S$' 000) | Increase / (Decrease) % FY2022/23 vs FY2023/24 |
|---|---|---|---|---|
| Direct Fund Raising Expenses | 285 | 295 | 300 | 2% |
| Charitable Activities Expenses - Local - Overseas | 75,384 - | 79,254 8 | 87,176 51 | 10% 538% |
| Other Operating/ Admin Expenses | 4,968 | 5,910 | 5,616 | (5%) |
| Total Expenditure | 80,637 | 85,467 | 93,143 | 9% |
| Excess/ (Deficit) | 2,474 | 1,239 | 15,081 | 1,117% |
| Balance Sheet | FY2021/2022 (S$' 000) | FY2022/2023 (S$' 000) | FY2023/2024 (S$' 000) | Increase / (Decrease) % FY2022/23 vs FY2023/24 |
|---|---|---|---|---|
| ASSETS | ||||
| Land & Building | 3,337 | 3,140 | 2,944 | (6%) |
| Right-of-use Assets | 4,352 | 1,132 | 15,469 | 1,267% |
| Other Tangible Assets | 1,181 | 1,401 | 4,014 | 187% |
| Investment | 145,611 | 141,027 | 150,553 | 7% |
| Inventories | 217 | 197 | 275 | 40% |
| Account Receivables | 18,499 | 13,057 | 13,170 | 1% |
| Cash & Deposits | 36,064 | 55,177 | 64,549 | 17% |
| Others | 774 | 1,384 | 2,589 | 87% |
| Total Assets | 210,035 | 215,515 | 253,563 | 17% |
| FUND | ||||
| Restricted Fund | 13,283 | 20,686 | 19,500 | (6%) |
| Unrestricted Fund | 175,176 | 176,415 | 191,564 | 9% |
| Endowment Fund | - | - | - | N.A |
| Fair Value Reserve | - | - | - | N.A |
| Total Funds | 188,459 | 197,111 | 211,064 | 7% |
| LIABILITIES | ||||
| Non-Current Liabilities | 1,210 | - | 9,141 | 100% |
| Current Liabilities | 20,366 | 19,404 | 33,358 | 72% |
| Total Liabilities | 21,576 | 19,404 | 42,499 | 119% |
| Total Funds and Liabilities | 210,035 | 216,515 | 253,563 | 17% |
| Other Information | FY2021/2022 (S$' 000) | FY2022/2023 (S$' 000) | FY2023/2024 (S$' 000) | Increase / (Decrease) % FY2022/23 vs FY2023/24 |
|---|---|---|---|---|
| No, of Employees | 900 | 900 | 965 | 7% |
| Total Employee Costs (S$' 000) | 56,412 | 58,242 | 63,031 | 8% |
| Total Related Party Transactions (S$'000) | - | - | - | N.A |
| Ratio of reserves to annual operating Expenditure | 2.2 | 2.1 | 2.1 | -0 |
| Fund-Raising Ratio Efficiency Ratio | 5% | 5% | 5% | -0 |
Last updated on Sep 24
Note:
Documented procedures are in place for key financial matters including (i) procurement procedures and controls, (ii) receipting, payment procedures and controls; and (iii) system for the delegation of authority and limits of approval.
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