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 | FY2020/2021 (S$' 000) | FY2021/2022 (S$' 000) | FY2022/2023 (S$' 000) | Increase / (Decrease) % FY2021/22 vs FY2022/23 |
|---|---|---|---|---|
| Donations in Cash - Tax Deductible - Non-Tax Deductible | 5,621 1,085 | 5,084 1,131 | 4,287 1,481 | (16%) 31% |
| Donation in Kind/Sponsorships - Tax Deductible - Non-Tax Deductible | - 982 | - 563 | - 98 | N.A (83%) |
| Grants | 57,352 | 58,425 | 61,849 | 6% |
| Investment Income & Gains | 15,797 | (2,340) | (3,519) | (50%) |
| Patient Services Charges | 17,023 | 16,995 | 19,173 | 13% |
| Other (other income etc) | 2,494 | 3,253 | 3,337 | 3% |
| Total Receipts | 100,354 | 83,111 | 86,706 | 4% |
| Expenses | FY2020/2021 (S$' 000) | FY2021/2022 (S$' 000) | FY2022/2023 (S$' 000) | Increase / (Decrease) % FY2021/22 vs FY2022/23 |
|---|---|---|---|---|
| Direct Fund Raising Expenses | 257 | 285 | 295 | 4% |
| Charitable Activities Expenses - Local - Overseas | 64,198 28 | 75,384 - | 79,254 8 | 5% 100% |
| Other Operating/ Admin Expenses | 5,195 | 4,968 | 5,910 | 19% |
| Total Expenditure | 69,678 | 80,637 | 85,467 | 6% |
| Excess/ (Deficit) | 30,676 | 2,474 | 1,239 | (50%) |
| Balance Sheet | FY2020/2021 (S$' 000) | FY2021/2022 (S$' 000) | FY2022/2023 (S$' 000) | Increase / (Decrease) % FY2021/22 vs FY2022/23 |
|---|---|---|---|---|
| ASSETS | ||||
| Land & Building | 3.533 | 3.337 | 3.140 | (6%) |
| Right-of-use Assets | 7,572 | 4,352 | 1,132 | (74%) |
| Other Tangible Assets | 1,372 | 1,181 | 1,401 | 19% |
| Investment | 118,655 | 145,611 | 141,027 | (3%) |
| Inventories | 35 | 217 | 197 | (9%) |
| Account Receivables | 8,753 | 18,499 | 13,057 | (29%) |
| Cash & Deposits | 75,974 | 36,064 | 55,177 | 53% |
| Others | 485 | 774 | 1,384 | 79% |
| Total Assets | 216,378 | 210,035 | 215,515 | 3% |
| FUND | ||||
| Restricted Fund | 17,429 | 13,283 | 20,686 | 56% |
| Unrestricted Fund | 172,703 | 175,176 | 176,415 | 1% |
| Endowment Fund | - | - | - | N.A |
| Fair Value Reserve | - | - | - | N.A |
| Total Funds | 190,132 | 188,459 | 197,111 | 5% |
| LIABILITIES | ||||
| Non-Current Liabilities | 4,543 | 1,210 | - | -100% |
| Current Liabilities | 21,703 | 20,366 | 19,404 | (5%) |
| Total Liabilities | 26,246 | 21,576 | 19,404 | (10%) |
| Total Funds and Liabilities | 216,378 | 210,035 | 216,515 | 3% |
| Other Information | FY2020/2021 (S$' 000) | FY2021/2022 (S$' 000) | FY2022/2023 (S$' 000) | Increase / (Decrease) % FY2021/22 vs FY2022/23 |
|---|---|---|---|---|
| No, of Employees | 865 | 900 | 900 | 0% |
| Total Employee Costs (S$' 000) | 47,027 | 56,412 | 58,242 | 3% |
| Total Related Party Transactions (S$'000) | - | - | - | N.A |
| Ratio of reserves to annual operating Expenditure | 2.5 | 2.2 | 2.1 | (5%) |
| Fund-Raising Ratio Efficiency Ratio | 4% | 4% | 4% | N.A |
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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