Financial Information

Name of Organisation :
Nanyang Academy of Fine Arts

Address :
80 Bencoolen Street, Singapore 189655

Contact Information :
Name of Contact Person : Mr Wong Kron Joo
Telephone No : 6512 4033
Fax No : 6337 3920
Email : kjwong@nafa.edu.sg
Website Address : http://www.nafa.edu.sg

Charity Status :
Charity Registration no. : 201006523M
Charity Registration date : 01 April 2010

Constitution :
Company Limited by Guarantee
Date of Incorporation : 26 March 2010
UEN. : 201006523M

IPC Number :
IPC000706

IPC Status :
Effective Date : 22/09/2010 to 19/12/2012

Objectives : Art Education

No. of Beneficiaries
<Optional>
Programs / Activities
*For current year :
*For last year :

Board Members (Effective January 2012)
Prof Cham Tao Soon, Prof Phua Kok Khoo, Mr Poh Choon Ann, Associate Professor Chia Wei Khuan,
Ms Chiang Loo Fern, Mr Goh Boon Teck, Mrs Goh-Tan Choo Leng, Prof Hew Choy Sin, Mr Hoong Bee Lok,
Mr Peter Lam, Mr Lee Seng Suan, Mr Leong Weng Kam, Mr Liew Shin Liat, Prof Lim Hock, Mr Low Kin Kiong,
Ms Low Sin Leng, Mr Arun Mahizhnan, Dr Lucy Ooi, Mdm Som Bte Mohd Said

Key Employees
Mr Choo Thiam Siew, President
Mr Liew Chin Choy, Vice-President (Administration)
Dr Shang Huai Min, Vice-President (Academic)

Auditor: KPMG



Financial Information ending 31 March
Income   2011(S$'000)    
Donations in Cash        
- Tax Deductible   865    
- Non Tax Deductible   0    
Donations in Kind        
- Tax Deductible   0    
- Non Tax-Deductible   0    
Grants   18,901    
Sponsorships   421    
Investment Income   0    
Investment Gains   0    
Programme Fees   0    
Others   25,160    
Total Income   45,347    

Expenses   2011(S$'000)    
Fund Raising Expenses        
- Direct Expenses   0    
- Indirect Expenses (if material)   0    
- Sponsorship Expenses   0    
Charitable Activities Expenses        
- Local (eg. Direct & Admin)   0    
- Overseas (eg. Direct & Admin)   0    
Other Expenses & Administration Expenses   41,851    
Other Operating   0    
Total Expenditure   41,851    
         
Surplus/(Deficit)   3,496    

Balance Sheet   2011 (S$'000)    
Assets        
Land and Buildings   63,348    
Other Tangible Assets   14,228    
Investments   0    
Inventories   0    
Accounts Receivables   4,797    
Cash & Deposits (eg. Fixed Deposites, Saving in Bank)   34,291    
Other Operating   0    
Total Assets   116,664    

Funds        
Unrestricted Fund   24,164    
Restricted Fund   8,170    
Endowment Fund   0    
Total Funds   32,334    

Liabilities        
Long-Term Liabilities   71,673    
Current Liabilities   12,658    
Total Liabilities   84,331    
         
Total Funds and Liabilities   116,664    

Other Information 2011    
Donations, Grants and Sponsorships given to other Charities (S$'000) 02    
No. of Employees 496    
Total Employee Costs (S$ '000) 22,447    
Fund-raising Efficiency Ratio 0    
Total Related Party Transactions (S$ '000) 339    


Note:
Restricted Funds (ending 31 March 2011) include major funds from Lee Foundation ($0.6m) and Kwan Im Thong Hood Cho Temple ($2.3m) to provide scholarships to recognise the achievements of outstanding students; and bursaries as financial assistance to needy and deserving students.

* The financial information posted online is extracted from audited accounts.