Charity

MY WORLD PRESCHOOL LTD.

Summary FinancialsPeopleNews & ActivitiesSimilar

About

What does MY WORLD PRESCHOOL LTD. do?

MY WORLD PRESCHOOL LTD is a charity dedicated to providing high-quality preschool education, instilling respect and support in partnership with parents, nurturing character and creativity, and inspiring children to reach their full potential. We believe that every child deserves a champion and our core values include caring, honesty, respect, and responsibility. Our vision is to be the preschool of choice for building strong kids, families, and communities.

Founded

2014

People

chew kwee hoe leslie, lim eugene, seet chim chuan irwin, wong wei li, chan lin yun grace, chong irene, lim i-ern, charis gabriel, chee teng hsiu, seng seok hoon, yeak chow lin samuel

Causes

Children

Highlights

Donations are tax-deductible
Registered Charity
Established since 2014
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Providing a respectful and supportive preschool experience for children, fostering their character development and creativity.
Encouraging confidence, curiosity, and caring attitudes in children through various activities and programs.
Building strong families by partnering with parents to nurture their child's potential and values such as honesty, respect, and responsibility.
Strengthening communities by creating a network of supportive individuals who value education and character development for young children.
Promoting home-based learning during the COVID-19 pandemic, providing engaging activities and resources to parents and caregivers.
Offering a curriculum that focuses on S.T.R.O.N.G. principles (Safety, Teamwork, Respect, Own

Donation Income

S$86,830,421In 2022

Program Expense Ratio

100.00%In 2022

This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.

Financials

Donation Income

S$86,830,421In 2022

What are the donations used for?

Providing a respectful and supportive preschool experience for children, fostering their character development and creativity.
Encouraging confidence, curiosity, and caring attitudes in children through various activities and programs.
Building strong families by partnering with parents to nurture their child's potential and values such as honesty, respect, and responsibility.
Strengthening communities by creating a network of supportive individuals who value education and character development for young children.
Promoting home-based learning during the COVID-19 pandemic, providing engaging activities and resources to parents and caregivers.
Offering a curriculum that focuses on S.T.R.O.N.G. principles (Safety, Teamwork, Respect, Own

Program Expense Ratio

100.00%In 2022

Audited Financial Statements

Financial Information

Source: Charity Portal

Charities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.

Receipts	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Donations in Cash
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	0
Total Donations in Cash	0	0	0
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	0
Total Donations in Kind	0	0	0
Government Grants	41,584,968	39,254,485	33,030,440
Investment Income	414,850	90,939	144,768
Programme Fees	42,476,309	36,319,129	28,758,255
Others Income	610,386	348,208	308,350
Total Receipts	85,086,513	76,012,761	62,241,813
Capital in Nature	1,743,908	2,027,285	1,525,770

Expenses	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Fundraising Expenses
Fundraising Expenses	0	0	0
Charitable Activities/Programme Expenses
Local (Direct & Support)	80,255,806	68,536,364	54,070,523
Overseas (Direct & Support)	0	0	0
Charitable Activities/Programme Expenses	80,255,806	68,536,364	54,070,523
Expenses
Other Expenses	0	0	0
Total Expenditure	80,255,806	68,536,364	54,070,523

Balance Sheet	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Assets
Land and Buildings	0	0	0
Other Tangible Assets	10,312,682	11,378,456	9,048,877
Investments	0	0	0
Inventories	0	0	0
Account Receivables	42,928	10,263	73,204
Cash & Deposits	39,981,120	33,375,351	24,692,282
Other Assets	10,688,661	10,815,070	8,366,287
Total Assets	61,025,391	55,579,140	42,180,650
Funds
Total Unrestricted Funds	37,825,432	32,676,774	25,431,393
Total Restricted Funds	935,167	1,253,118	1,022,102
Endowments Funds	0	0	0
Total Funds and Reserves	38,760,599	33,929,892	26,453,495
Liabilities
Total Current Liabilities	15,640,569	13,690,835	10,458,696
Total Non-Current Liabilities	6,624,223	7,958,413	5,268,459
Total Liabilities	22,264,792	21,649,248	15,727,155
Total Funds and Liabilities	61,025,391	55,579,140	42,180,650

Other Information	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Donations, Grants and Sponsorships given to other registred charities	3,000,000	3,000,000	3,000,000
No. of Employees	1,243	1,102	979
Total Employee Cost	61,774,608	51,374,985	41,051,421
Fudnraisig Efficiency Ratio	0	0	0
Total Related Party Transactions	5,188,567	4,918,166	4,459,960