| Non-Financial Information |
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Name of Organisation : |
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Nanyang Fine Arts Foundation Limited |
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Address : |
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80 Bencoolen Street, Singapore 189655 |
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Contact Information : |
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Name of Contact Person : Mr Wong Kron Joo |
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Telephone No : 6512 4033 |
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Fax No : 6337 3920 |
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Email : kjwong@nafa.edu.sg |
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Website Address : http://www.nafa.edu.sg |
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Charity Status : |
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Charity Registration no. : 198904643G |
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Charity Registration date : 23 March 1990 |
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Constitution |
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Company Limited by Guarantee |
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Date of Establishment : 25 October 1989 |
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UEN : 198904643G |
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IPC Number : |
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IPC00035 |
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IPC Status : |
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Effective date : From 20/12/09 to 19/12/12 |
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Objectives : |
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To advance the cause of arts education through supporting arts training institutions and arts education programmes |
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To nurture the artistic talents of Singapore through arts training to achieve excellence in their chosen fields of the arts |
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To develop a culturally vibrant Singapore through cooperating with other arts institutions and agencies in supporting the promotion of arts programmes and activities |
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To provide training in the arts to meet the trained manpower needs of the Singapore art and design industry |
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Vision : |
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To promote arts education and nurture artistic talents to play a pivotal role in the cultural development of Singapore |
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Mission : |
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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 |
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Board of Directors |
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(1 ) |
Mr Choo Thiam Siew @ Ang Thiam Siew |
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(2 ) |
Prof Cham Tao Soon |
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(3 ) |
Prof Phua Kok Khoo |
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(4 ) |
Mr Poh Choon Ann |
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(5 ) |
Mr Liew Shin Liat |
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(6 ) |
Prof Lim Hock |
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(7 ) |
Mr Lee Sin Swan @ Lee Seng Suan |
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(8 ) |
Ms Leonie Lee Siok Yoong |
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(9 ) |
Prof Hew Chaw Sin @ Hew Choy Sin |
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(10) |
Ms Som Binte Mohamed Said |
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Key Employees : - |
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Auditor : KPMG |
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| Financial Information ending 31 March |
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| Income |
2008
(S$'000) |
2009
(S$'000) |
2010
(S$'000) |
% Increase/ (Decrease)
[2010 on 2009] |
| Donations in Cash |
|
|
|
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| - Tax Deductible |
- |
- |
- |
- |
| - Non-Tax Deductible |
- |
- |
- |
- |
| Donations in Kind |
|
|
|
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| - Tax Deductible |
- |
- |
- |
- |
| - Non-Tax Deductible |
- |
- |
- |
- |
| Grants / Sponsorships |
- |
- |
- |
- |
| Investment income |
- |
- |
- |
- |
| Investment gains / losses |
- |
- |
- |
- |
| Others* |
184 |
42 |
29 |
-30.0% |
| Total Income |
184 |
42 |
29 |
-30.0% |
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| Expenses |
2008
(S$'000) |
2009
(S$'000) |
2010
(S$'000) |
% Increase/ (Decrease)
[2010 on 2009] |
| Direct Fund-raising Expenses |
|
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|
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| Charitable Activities Expenses |
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|
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| - Local |
- |
- |
- |
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| - Overseas |
- |
- |
- |
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| Other Operating & Administration Expenses |
866 |
202 |
278 |
37.8% |
| Others |
- |
- |
- |
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| Total Expenditure |
866 |
202 |
278 |
37.8% |
| Surplus / (Deficit) |
(682) |
(160) |
(249) |
55.5% |
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| Balance Sheet |
2008
(S$'000) |
2009
(S$'000) |
2010
(S$'000) |
% Increase/ (Decrease)
[2010 on 2009] |
| Assets |
|
|
|
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| Land and Buildings |
- |
- |
- |
- |
| Other Tangible Assets |
16 |
14 |
- |
-100.0% |
| Investments |
- |
- |
- |
- |
| Inventories |
- |
- |
- |
- |
| Accounts Receivable |
1,142 |
491 |
865 |
76.1% |
| Cash & Deposits |
3,536 |
3,768 |
3,434 |
-8.9% |
| Others |
26 |
2 |
- |
-100.0% |
| Total Assets |
4,721 |
4,275 |
4,299 |
0.6% |
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| Funds |
- |
- |
- |
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| Unrestricted Fund |
3,780 |
3,620 |
3,370 |
-6.9% |
| Restricted Fund |
- |
- |
- |
- |
| Endowment Fund |
- |
- |
- |
- |
| Total Funds |
4,463 |
3,620 |
3,370 |
-6.9% |
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| Liabilities |
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| Long-Term Liablities |
- |
- |
- |
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| Current Liabilities |
941 |
655 |
929 |
41.8% |
| Total Liabilities |
941 |
655 |
929 |
41.8% |
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| Total Funds and Liabilities |
4,721 |
4,275 |
4,299 |
0.6% |
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| Other Information |
2008
(S$'000) |
2009
(S$'000) |
2010
(S$'000) |
% Increase/ (Decrease)
[2010 on 2009] |
| Donation/ Grants and Sponsorships given to other charities (S$’000) |
- |
- |
- |
- |
| No. Employees |
2 |
- |
- |
- |
| Total Employee Costs (S$'000) |
165 |
- |
- |
- |
| Total Related Party Transactions (S$'000) |
- |
- |
- |
- |
| Fund-raising efficiency |
- |
- |
- |
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| Ratio of reserves to annual operating expenditure |
4.4 |
17.9 |
12.1 |
-32.4% |
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NOTES: |
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| * Others |
2008
(S$'000) |
2009
(S$'000) |
2010
(S$'000) |
% Increase/ (Decrease)
[2010 on 2009] |
| Operating Income |
120 |
23 |
24 |
4.0% |
| Interest Income |
64 |
19 |
5 |
-73.2% |
| Misc Income |
- |
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| Total Income |
184 |
42 |
29 |
-30.0% |
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