Charity

SINGAPORE SYMPHONIA COMPANY LIMITED

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About

SINGAPORE SYMPHONIA COMPANY LIMITED banner

What does SINGAPORE SYMPHONIA COMPANY LIMITED do?

The Singapore Symphonia Company Limited is a cultural organization that promotes, fosters, develops and improves interest in music through presenting operas, concerts, and other musical entertainment. Their vision is to be recognized internationally as Asia's pre-eminent orchestra while nurturing local musical talent. They also aim to broaden the appreciation of classical music among Singaporeans and promote local musical talents.

Founded

1983

People

chng hak-peng, heinrich grafe, andreas sohmen-pao, liew wei li, tan kim liang paul (chen jinliang), tang yap ming kelly, sanjiv misra, warren fernandez, goh yew lin, lim mei

Causes

All

Highlights

Donations are tax-deductible
Registered Charity
Established since 1983
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Promotion and development of music interest: SSO promotes, fosters, develops, improves, and inculcates an interest in music among the public through its concerts, operas, and other musical entertainment events.
Cultural icon and international recognition: The SSO aims to become a cultural icon of Singapore and be recognized internationally as Asia's pre-eminent orchestra. This contributes to enhancing Singapore's reputation on the global stage.
Nurturing musical talent: As a strategic partner with the Singapore Conservatorium of Music, SSO plays an essential role in nurturing local and regional musical talents through training programs, competitions, and collaborations.
Cultural awareness and appreciation: By presenting classical music performances and fostering a distinctive art

Donation Income

S$26,224,477In 2022

Fundraising Efficiency

6.22%In 2022

This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.

Program Expense Ratio

84.28%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$26,224,477In 2022

What are the donations used for?

Promotion and development of music interest: SSO promotes, fosters, develops, improves, and inculcates an interest in music among the public through its concerts, operas, and other musical entertainment events.
Cultural icon and international recognition: The SSO aims to become a cultural icon of Singapore and be recognized internationally as Asia's pre-eminent orchestra. This contributes to enhancing Singapore's reputation on the global stage.
Nurturing musical talent: As a strategic partner with the Singapore Conservatorium of Music, SSO plays an essential role in nurturing local and regional musical talents through training programs, competitions, and collaborations.
Cultural awareness and appreciation: By presenting classical music performances and fostering a distinctive art

Program Expense Ratio

84.28%In 2022

Fundraising Efficiency

6.22%In 2022

This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.

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	Apr 2022 - Mar 2023(S$)	Apr 2021 - Mar 2022(S$)	Apr 2020 - Mar 2021(S$)
Donations in Cash
Tax-Deductible	1,904,983	2,355,791	NaN
Non Tax-Deductible	108,730	70,859	NaN
Total Donations in Cash	2,013,713	2,426,650	NaN
Donations in Kind
Tax-Deductible	0	0	NaN
Non Tax-Deductible	636,214	478,304	NaN
Total Donations in Kind	636,214	478,304	NaN
Government Grants	15,200,000	15,000,000	NaN
Investment Income	0	979,072	NaN
Programme Fees	2,518,051	759,484	NaN
Others Income	5,856,499	3,504,998	NaN
Total Receipts	26,224,477	23,148,508	0
Capital in Nature	0	979,072	NaN

Expenses	Apr 2022 - Mar 2023(S$)	Apr 2021 - Mar 2022(S$)	Apr 2020 - Mar 2021(S$)
Fundraising Expenses
Fundraising Expenses	164,753	38,740	NaN
Charitable Activities/Programme Expenses
Local (Direct & Support)	26,100,218	22,149,376	NaN
Overseas (Direct & Support)	0	0	0
Charitable Activities/Programme Expenses	26,100,218	22,149,376	NaN
Expenses
Other Expenses	4,702,980	399,197	NaN
Total Expenditure	30,967,951	22,587,313	0

Balance Sheet	Apr 2022 - Mar 2023(S$)	Apr 2021 - Mar 2022(S$)	Apr 2020 - Mar 2021(S$)
Assets
Land and Buildings	0	1	NaN
Other Tangible Assets	647,095	910,052	NaN
Investments	87,919,399	92,622,379	NaN
Inventories	0	0	NaN
Account Receivables	11,536,836	10,366,534	NaN
Cash & Deposits	10,695,797	11,010,939	NaN
Other Assets	0	0	NaN
Total Assets	110,799,127	114,909,905	0
Funds
Total Unrestricted Funds	36,917,466	41,660,940	NaN
Total Restricted Funds	4,630,320	3,693,098	NaN
Endowments Funds	65,670,170	65,620,170	NaN
Total Funds and Reserves	107,217,956	110,974,208	0
Liabilities
Total Current Liabilities	3,273,054	3,607,766	NaN
Total Non-Current Liabilities	308,117	327,931	NaN
Total Liabilities	3,581,171	3,935,697	0
Total Funds and Liabilities	110,799,127	114,909,905	0

Other Information	Apr 2022 - Mar 2023(S$)	Apr 2021 - Mar 2022(S$)	Apr 2020 - Mar 2021(S$)
Donations, Grants and Sponsorships given to other registred charities	0	0	NaN
No. of Employees	162	149	NaN
Total Employee Cost	14,830,753	13,791,771	NaN
Fudnraisig Efficiency Ratio	12	7	NaN
Total Related Party Transactions	0	0	NaN