Financial Information
Name of Organisation
Nanyang Fine Arts Foundation Limited
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.: 198904643G
Charity Registration date: 23 March 1990
Constitution
Company Limited by Guarantee
Date of Incorporation: 25 October 1989
UEN: 198904643G
IPC Number
IPC00035
IPC Status
Effective date: From 20/12/09 to 19/12/12
Objectives
• To advance the cause of arts education through supporting arts training institutions and arts education programmes
• To nurture the artistic talents of Singapore through arts training to achieve excellence in their chosen fields of the arts
• To develop a culturally vibrant Singapore through cooperating with other arts institutions and agencies in supporting the promotion of arts programmes and activities
• To provide training in the arts to meet the trained manpower needs of the Singapore art and design industry
Vision
To promote arts education and nurture artistic talents to play a pivotal role in the cultural development of Singapore
Mission
To facilitate and support the nurturing and development of Singapore artistic talents through arts courses and arts training programmes and activities to enhance their contribution to the cultural vibrancy of Singapore
Board of Directors
Mr Choo Thiam Siew @ Ang Thiam Siew
Prof Cham Tao Soon
Prof Phua Kok Khoo
Mr Poh Choon Ann
Mr Liew Shin Liat
Prof Lim Hock
Mr Lee Sin Swan @ Lee Seng Suan
Mr Peter Lam
Prof Hew Chaw Sin @ Hew Choy Sin
Ms Som Binte Mohamed Said
Key Employees
Auditor: KPMG
Financial Information ending 31 March
Note:
Restricted Funds (ending 31 March 2011) include major funds from Lee Foundation ($0.6m) and Kwan Im Thong Hood Cho Temple ($2.3m) to provide scholarships to recognise the achievements of outstanding students; and bursaries as financial assistance to needy and deserving students.
* The financial information posted online is extracted from audited accounts.
Nanyang Fine Arts Foundation Limited
Address
80 Bencoolen Street, Singapore 189655
Contact Information
Name of Contact Person: Mr Wong Kron Joo
Telephone No: 6512 4033
Fax No: 6337 3920
Email: kjwong@nafa.edu.sg
Website Address: http://www.nafa.edu.sg
Charity Status
Charity Registration no.: 198904643G
Charity Registration date: 23 March 1990
Constitution
Company Limited by Guarantee
Date of Incorporation: 25 October 1989
UEN: 198904643G
IPC Number
IPC00035
IPC Status
Effective date: From 20/12/09 to 19/12/12
Objectives
• To advance the cause of arts education through supporting arts training institutions and arts education programmes
• To nurture the artistic talents of Singapore through arts training to achieve excellence in their chosen fields of the arts
• To develop a culturally vibrant Singapore through cooperating with other arts institutions and agencies in supporting the promotion of arts programmes and activities
• To provide training in the arts to meet the trained manpower needs of the Singapore art and design industry
Vision
To promote arts education and nurture artistic talents to play a pivotal role in the cultural development of Singapore
Mission
To facilitate and support the nurturing and development of Singapore artistic talents through arts courses and arts training programmes and activities to enhance their contribution to the cultural vibrancy of Singapore
Board of Directors
Mr Choo Thiam Siew @ Ang Thiam Siew
Prof Cham Tao Soon
Prof Phua Kok Khoo
Mr Poh Choon Ann
Mr Liew Shin Liat
Prof Lim Hock
Mr Lee Sin Swan @ Lee Seng Suan
Mr Peter Lam
Prof Hew Chaw Sin @ Hew Choy Sin
Ms Som Binte Mohamed Said
Key Employees
Auditor: KPMG
Financial Information ending 31 March
| Income | 2009 (S$'000) | 2010 (S$'000) | 2011 (S$'000) | % Increase / (Decrease) [2011 on 2010] |
|---|---|---|---|---|
| Donations in Cash | ||||
| - Tax Deductible | 505 | 193 | 865 | 348.83% |
| - Non-Tax Deductible | 0 | 0 | 0 | - |
| Donations in Kind | ||||
| - Tax Deductible | 0 | 0 | 0 | - |
| - Non-Tax Deductible | 0 | 0 | 0 | - |
| Grants | 17,406 | 17,649 | 18,901 | 7.10% |
| Sponsorships | 422 | 422 | 421 | -0.22% |
| Investment income | 0 | 0 | 0 | - |
| Investment Gains | 0 | 0 | 0 | - |
| Programme Fees | 0 | 0 | 0 | - |
| Others | 21,743 | 23,483 | 25,329 | 7.86% |
| Total Income | 40,076 | 41,746 | 45,516 | 9.03% |
| Expenses | 2009 (S$'000) | 2010 (S$'000) | 2011 (S$'000) | % Increase / (Decrease) [2011 on 2010] |
|---|---|---|---|---|
| Fund Raising Expenses | ||||
| - Direct Expenses | 0 | 0 | 0 | - |
| - Indirect Expenses (if material) | 0 | 0 | 0 | - |
| - Sponsorship Expenses | 0 | 0 | 0 | - |
| Charitable Activities Expenses | ||||
| - Local (eg. Direct & Admin) | 0 | 0 | 0 | - |
| - Overseas (eg. Direct & Admin) | 0 | 0 | 0 | - |
| Other Operating & Administration Expenses |
36,380 | 37,994 | 41,952 | 10.42% |
| Other Operating | (3) | 0 | 0 | - |
| Total Expenditure | 36,377 | 37,994 | 41,952 | 10.42% |
| Surplus / (Deficit) | 3,699 | 3,752 | 3,564 | -5.01% |
| Balance Sheet | 2009 (S$'000) | 2010 (S$'000) | 2011 (S$'000) | % Increase / (Decrease) [2011 on 2010] |
|---|---|---|---|---|
| Assets | ||||
| Land and Buildings | 69,340 | 66,479 | 63,348 | -4.71% |
| Other Tangible Assets | 18,534 | 16,543 | 14,274 | -13.72% |
| Investments | 0 | 0 | 0 | - |
| Inventories | 0 | 0 | 0 | - |
| Accounts Receivables | 3,598 | 2,894 | 4,980 | 72.10% |
| Cash & Deposits (eg. Fixed Deposites, Saving in Bank) | 25,822 | 32,655 | 38,058 | 16.54% |
| Other Operating | 0 | 0 | 0 | - |
| Total Assets | 117,294 | 118,571 | 120,660 | 1.76% |
| Funds | - | - | - | - |
| Unrestricted Fund | 21,765 | 25,043 | 27,745 | 10.79% |
| Restricted Fund | 6,831 | 7,306 | 8,170 | 11.82% |
| Endowment Fund | 0 | 0 | 0 | - |
| Total Funds | 28,595 | 32,349 | 35,915 | 11.02% |
| Liabilities | ||||
| Long-Term Liabilities | 78,325 | 74,331 | 71,673 | -3.58% |
| Current Liabilities | 10,374 | 11,891 | 13,072 | 9.94% |
| Total Liabilities | 88,699 | 86,222 | 84,745 | -1.71% |
| Total Funds and Liabilities | 117,294 | 118,571 | 120,660 | 1.76% |
| Other Information | 2009 | 2010 | 2011 | |
|---|---|---|---|---|
| Donations, Grants and Sponsorships given to other Charities (S$'000) | 0 | 0 | 0 | |
| No. of Employees | 646 | 489 | 496 | |
| Total Employee Costs (S$'000) |
19,756 | 20,201 | 22,447 | |
| Fund-raising Efficiency Ratio | 0 | 0 | 0 | |
| Total Related Party Transactions (S$'000) | 0 | 0 | 0 |
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.