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
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
Board Members
Mr Chan Hoe Yin
Ms Ning Chong Lin Ling
Prof Heng Chye Kiang
Mr Hoong Bee Lok
Mr Lau Teck Sien
Ms Amanda Lee
Ms Christine Low Chi Kien
Mr Simon Ong Chin Sim
Mrs Tan-Soh Wai Lan
No Board members were remunerated for their Board services in the financial period.
NFAF is a holding company with its mission and programmes undertaken by NAFA.
There were no board meetings in FY2024, which ended on 31 March 2025.
Except for AGM, Board approvals at NFAF are done via circulation as provided in the Constitution.
Auditor: Ernst & Young LLP
Financial information for year ended 31 March
Consolidated statement of comprehensive income
|
2024
(S$'000)
|
2025
(S$'000)
|
| Income |
|
|
| - Programme Fees |
40,024 |
42,401 |
| - Other Income
|
7,286 |
7,299 |
| - Government Grants |
25,005 |
26,371 |
| - Donations |
3,264 |
1,457 |
| Total Income |
75,579 |
77,528 |
| |
|
|
| Expenditure |
|
|
| - Administrative and operating expenses |
50,121 |
51,385 |
| - Other Expenses |
22,003 |
21,634 |
Total Expenditure
|
72,124 |
73,019 |
Consolidated statement of financial position
|
2024
(S$'000)
|
2025
(S$'000)
|
Assets
|
|
|
- Land and Buildings
|
46,809 |
40,137 |
| - Other Assets
|
13,399 |
14,597 |
- Investments
|
30,879 |
25,336 |
- Trade and Other Receivables
|
3,364 |
4,367 |
| - Cash & Deposits
|
72,491 |
82,682 |
Total Assets
|
166,942 |
167,119 |
| |
|
|
Funds
|
|
|
- Total Unrestricted Funds
|
71,957 |
76,187 |
- Total Restricted Funds
|
27,628 |
27,908 |
Total Funds
|
99,585 |
104,095 |
| |
|
|
Liabilities
|
|
|
- Total Current Liabilities
|
26,747 |
27,779 |
- Total Non-Current Liabilities
|
40,610 |
35,245 |
Total Liabilities
|
67,357 |
63,024 |
| |
|
|
Total Funds and Liabilities
|
166,942 |
167,119 |
Notes:
-
The financial information posted online is extracted from audited accounts.
-
Restricted funds comprise donations and accumulated interest income generated thereon. The objectives of these funds include providing support and assistance for students, campus building upgrading, IT infrastructure enhancement, and research and other programmes.