Financial Information


NFAF is a not-for-profit organisation with charity status.

Name of Organisation : Nanyang Fine Arts Foundation Limited

Address : 80 Bencoolen Street, Singapore 189655

Contact Information :
Name of Contact Person : Mr Wong Kron Joo , Director (Finance)
Telephone No : 6512 4033
Fax No : 6337 3920
Email : [email protected]
Website Address : www.nafa.edu.sg

Constitution :
Company Limited by Guarantee
Date of Incorporation : 25 October 1989
UEN. : 198904643G

Charity Status :
Charity Registration No. : 198904643G
Charity Registration Date : 23 March 1990

Institution of a Public Character (IPC) Status :
Effective Date : 1 January 2016 to 31 December 2018

Board Members

Ms Low Sin Leng
Mr Chia Mia Chiang
Mr Lee Seng Suan
Prof Lim Hock
Mr Low Kin Kiong
Mr Ng Yook Meng
Prof Phua Kok Khoo
Mdm Som Bte Mohd Said

Auditor: KPMG

Financial Information for year ending 31 March 2017

Receipt
2015
(S$'000)
2016
(S$'000)
2017
(S$'000)
Increase/(Decrease)
[2017 on 2016]
Donations in Cash
       
- Tax-Deductible
1,072
9,416
11,568
23%
- Non Tax-Deductible
0
0
0
-
Total Donations in Cash 1,072
9,416
11,568
23%
Donations in Kind




- Tax-Deductible
0
0
0
-
- Non Tax-Deductible
0
0
0
-
Total Donations in Kind 0
0
0
-
Government Grants
19,091
19,479 20,857 7%
Investment Income
0
0
0
-
Programme Fees
0
0
0
-
Other Income
32,387 34,591 38,615 12%
Total Receipts
52,550
63,486 71,040 12%
         
Capital in Nature
952 9,364 11,487 23%
Expenses
2015
(S$'000)
2016
(S$'000)
2017
(S$'000)
Increase/(Decrease)
[2017 on 2016]
Fund-Raising Expenses




- Fund-Raising Expenses
0
0
0
-
Charitable Activities/ Programme Expenses




- Local (eg. Direct & Support)
0
0
0
-
- Overseas (eg. Direct &Support)
0
0
492
-
Total Charitable Activities/ Programme Expenses 0 0 492 -
Other Expenses 50,230
52,903 53,368 1%
Total Expenditure
50,230
52,903 53,860 2%
Balance Sheet
2015
(S$'000)
2016
(S$'000)
2017
(S$'000)
Increase/(Decrease)
[2017 on 2016]
Assets




- Land and Buildings
51,369
64,493 60,634 -6%
- Other Tangible Assets
19,378
17,982 33,253 85%
- Investments
9,772
9,677 6,631 -31%
- Inventories
0
0
0
-
- Accounts Receivables
2,378
3,362 4,333 29%
Cash & Deposits
32,572
31,247 38,758 24%
Other Assets
0
0
0
-
Total Assets
115,468
126,762 143,609 13%
         
Funds




- Total Unrestricted Funds
32,328
35,809 41,932 17%
- Total Restricted Funds
11,946
19,049 30,105 58%
Total Funds and Reserves
44,274
54,858 72,037 31%
         
Liabilities




- Total Current Liabilities
17,684
19,412 23,012 19%
- Total Non-Current Liabilities
53,509
52,492 48,560 -7%
Total Liabilities
71,194
71,904 71,572 0%
Total Funds and Liabilities
115,468
126,762 143,609 13%
Other Information
2015
2016 2017
Donations, Grants and Sponsorships given to other registered charities (S$'000) 0
0
0
No. of Employees
570
618 648
Total Employee Costs (S$ '000)
26,906
28,208 31,050
Fund-raising Efficiency Ratio
0
0 0
Total Related Party Transactions (S$ '000)
0
0 0

Note:

  • Restricted Funds are funds raised for the Campus Development Fund, Scholarships and Bursaries, which are disbursed to students.
  • No. of Employees include part- time employees. Total number of part-time employees stood at 357 and 335, as at 31 March 2017 and 31 March 2016 respectively.
  • Total Employee Costs relate to salaries and Central Provident Fund contributions.
  • *The financial information posted online is extracted from audited accounts.