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
Mr Lee Seng Suan
Prof Lim Hock
Mr Low Kin Kiong
Ms Joan Moh Jiehui
Mdm Som Bte Mohd Said

Auditor: KPMG

Financial Information for year ended 31 March

Income & Expenditure Statement
2016
(S$'000)
2017
(S$'000)
2018
(S$'000)
Income      
- Programme Fees 31,915 35,802 38,738
- Other Income 2,676 2,813 4,900
- Government Grants 19,479 20,857 21,908
- Donations 9,416 11,567 5,317
Total Income 63,486 71,039 70,863
       
Expenditure      
- Administrative and operating expenses 34,391 37,266 40,624
- Other Expenses 18,512 16,594 17,723
Total Expenditure
52,903 53,860 58,347
Surplus
10,583 17,179 12,516
Balance Sheet
2016
(S$'000)
2017
(S$'000)
2018
(S$'000)
Assets



- Land and Buildings
64,493 60,634 82,165
- Other Assets 17,982 33,253 7,885
- Investments
9,677 6,631 12,783
- Trade and Other Receivables
3,363 4,333 5,397
- Cash & Deposits 31,247 38,758 42,246
Total Assets
126,762 143,609 150,476
       
Funds



- Total Unrestricted Funds
35,809 41,932 49,641
- Total Restricted Funds
19,049 30,105 9,256
Total Funds and Reserves
54,858 72,037 58,897
       
Liabilities



- Total Current Liabilities
19,412 23,012 21,993
- Total Non-Current Liabilities
52,492 48,560 69,586
Total Liabilities
71,904 71,572 91,579
       
Total Funds and Liabilities
126,762 143,609 150,476

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.