Financial Information

ASSUMPTION PATHWAY SCHOOL KEY INFORMATION ONLINE
1. Non-Financial Information
Address: 30 Cashew Road, Singapore 679697 Email Address: aps@schools.gov.sg	Contact Information: Name of Contact Person: Mr Stephen Chin Telephone No: 62793000 Fax No: 67622857

Charity Status
Unique Entity No: T09CC0004J
Charity Regn Date: 17 July 2009

IPC Status
IPC No: IPC000672
Effective Date : 27 August 2023 to 26 August 2028

Auditor: Lo Hock Ling & Co.

2. Financial Information
Income	FY2022 Jan to Dec (S$'000)	FY2023 Jan to Dec (S$'000)	% Increase/ (Decrease)
Donations in Cash • Tax Deductible • Non-Tax Deductible¹	131 195	102 208	-22% 7%
Donations in Kind • Tax Deductible • Non-Tax Deductible	- -	- -	- -
Grants / Sponsorships	14,024	15,972	14%
Investment income	163	543	233%
Investment gains	-	-	-
Others (please specify if material)	405	407	0%
Total Income	14,918	17,232	16%

Expenses	FY2022 Jan to Dec (S$'000)	FY2023 Jan to Dec (S$'000)	%Increase/(Decrease)
Direct Fund-raising Expenses ²	-	-	-
Charitable Activities Expenses³ • Local • Overseas	353 -	476 51	35% -
Other Operating & Administration Expenses⁴	18,206	19,307	6%
Others (please specify if material)	-	-	-
Total Expenditure	18,559	19,834	7%
Surplus / (Deficit)	(3,641)	(2,602)	-29%

1. These include donations collected through flag days, donations that entail benefits to the donors and donations received for overseas purposes.

2. This refers to costs directly incurred and paid for during fund-raising. They include such costs as advertisements, printing, publicity materials, rental of premises, logistics, hiring of commercial third-party fund-raisers, organizing games of chance, etc.

3. These are all resources applied by the charity in undertaking its work to meet its charitable objectives in the delivery of goods and services. Such costs include the direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken.

4. These are expenses which relate to the general running of the charity that provide the governance infrastructure which allows the charity to operate, to generate the information required for public accountability, and the strategic planning processes that contribute to future development of the charity.

Balance Sheet	FY2022 Jan to Dec (S$'000)	FY2023 Jan to Dec (S$'000)	% Increase/ (Decrease)
ASSETS
Land and Buildings	16,979	16,036	-6%
Other Tangible Assets	1,314	821	-38%
Investments	-	-	-
Inventories	-	-	-
Accounts Receivable	234	274	17%
Cash & Deposits	26,646	24,935	-6%
Others (please specify if material)	-	-	-
Total Assets	45,173	42,066	-7%

FUNDS (To breakdown by each fund as suggested below)
Unrestricted Fund⁵	20,465	17,513	-14%
Restricted Fund⁶	644	766	19%
Endowment Fund⁷	-	-	-
Total Funds	21,109	18,279	-13%

LIABILITIES (To breakdown by each fund as suggested below)
Long-Term Liabilities	18,238	16,799	-8%
Current Liabilities	5,826	6,988	20%
Total Liabilities	24,064	23,787	-1%

Total Funds and Liabilities	45,173	42,066	-7%

5. These are generally unrestricted funds which the IPC is free to use for its programmes and operating costs e.g. General Fund.

6. These are special funds held by the IPC that can only be applied for specific purposes, e.g. Building Fund.

7. These are funds which the IPC holds in trust for the benefit of the IPC as a capital fund. Generally, only interest income from Endowment Funds are used, and not the capital sum.

Other Information	FY2022 Jan to Dec (S$'000)	FY2023 Jan to Dec (S$'000)	% Increase/ (Decrease)
Donations/Grants and Sponsorships given to other Charities (S$’000)	-	-	-
No. of Employees	136	129	-5%
Total Employee Costs	13,858	14,364	4%
Total Related Party Transactions (S$’000)⁸	-	-	-
Fund-raising efficiency (S$’000)⁹	-	-	-
Ratio of reserves to annual operating expenditure¹⁰	-	-	-

3. For Each Fund-Raising Event that raises $1 million or more
Fund-Raising Activities and Planned Use of Funds Raised	Total Fund Raised (S$'000)	Fund-Raising Expenses(S$'000)
-	-	-

8. Related Party Transactions refer to transactions between the IPC and another person where either person could have influence over the other. For example, if a board member of an IPC is related to a certain supplier of services for the IPC, the value of the transactions should be disclosed. Refer to the Financial Reporting Standards for the full definition of Related Party Transactions.

9. This is expressed in the ratio of A to B, where A refers to Direct Fund-raising Expenses and sponsorships relating to fund-raising (where receipts have been issued by sponsors); and B refers to total donations received from fund-raising and sponsorships relating to fund-raising (where receipts have been issued by sponsors).

10. This is expressed in the ratio of C to D, where C refers to Unrestricted Funds; and D refers to Charitable Activities Expenses and Other Operating and Administration Expenses.