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 2019 to 31 December 2019

Board Members

Ms Low Sin Leng
Mr Chia Mia Chiang
Associate Prof Chia Wei Khuan
Ms Chiang Loo Fern
Mr Hoong Bee Lok
Mr Leong Weng Kam
Ms Christine Low Chi Kien
Ms Joan Moh Jiehui
Dr Lucy Ooi
Mdm Som Bte Mohd Said

Auditor: KPMG

NFAF is a holding company with its mission and programmes undertaken by NAFA.
There were no board meetings in FY2018 ended 31 March 2019.
Except for AGM, Board approvals at NFAF are done via circulation as provided in the Constitution.

Consolidatd Income Statement
2018
(S$'000)
2019
(S$'000)
Income    
- Programme Fees 38,738 38,729
- Other Income 4,900 5,794
- Government Grants 21,908 21,939
- Donations 5,317 3,367
Total Income 70,863 69,829
     
Expenditure    
- Administrative and operating expenses 40,624 43,767
- Other Expenses 17,723 18,220
Total Expenditure
58,347 61,987
Surplus
12,516 7,842
Statement of Financial Position
2018
(S$'000)
2018
(S$'000)
Assets


- Land and Buildings
82,165 76,388
- Other Assets 7,885 8,917
- Investments
12,783 13,722
- Trade and Other Receivables
5,397 3,996
- Cash & Deposits 42,246 49,947
Total Assets
150,476 152,970
     
Funds


- Total Unrestricted Funds
49,641 54,971
- Total Restricted Funds
9,256 11,767
Total Funds and Reserves
58,897 66,738
     
Liabilities


- Total Current Liabilities
21,993 21,555
- Total Non-Current Liabilities
69,586 64,677
Total Liabilities
91,579 91,579
     
Total Funds and Liabilities
150,476 152,970

Note:

  • Restricted Funds are funds raised for the Campus Development Fund, scholarships and bursaries for students.
  • The financial information posted online is extracted from audited accounts.