Charity
BHASKAR'S ARTS ACADEMY LTD
About
What does BHASKAR'S ARTS ACADEMY LTD do?
BHASKAR'S ARTS ACADEMY LTD is a charitable organization dedicated to promoting and preserving classical Indian music, dance, and other fine arts in Singapore. Their mission is to provide an outlet for talented musicians and dancers while fostering interest in the performance and appreciation of these traditional art forms. The Academy's vision includes advancing professional capabilities of young performers, developing local choreography talent, creating new repertoire appealing to wider audiences, cultivating audience appreciation for the arts, and collaborating with synergistic partners to create unique perspectives and opportunities.
Founded
2000
People
tharmendra jeyaraman, thirunavukarasu sundaram pillai, wong chee meng, ghanavenothan retnam, lethikadevi d/o kunjan pillai, p chandra mohan
Causes
AllEducationNo PovertyHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2000
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promotion and preservation of classical Indian music, dance, and other fine arts in Singapore.
- Encouragement of interest and appreciation for traditional and contemporary forms of Indian performing arts among local audiences.
- Development of professional capabilities of young Singaporean performers through training and performance opportunities.
- Creation of new repertoire to appeal to a wider audience, including non-Indian communities in Singapore and internationally.
- Fostering collaboration with other arts organizations for the creation of innovative performances and educational programs.
- Establishment as a flagship Indian performing arts group representing Singapore on the international stage.
Donation Income
Program Expense Ratio
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
What are the donations used for?
- Promotion and preservation of classical Indian music, dance, and other fine arts in Singapore.
- Encouragement of interest and appreciation for traditional and contemporary forms of Indian performing arts among local audiences.
- Development of professional capabilities of young Singaporean performers through training and performance opportunities.
- Creation of new repertoire to appeal to a wider audience, including non-Indian communities in Singapore and internationally.
- Fostering collaboration with other arts organizations for the creation of innovative performances and educational programs.
- Establishment as a flagship Indian performing arts group representing Singapore on the international stage.
Program Expense Ratio
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.
Financial Information
Source: Charity PortalCharities 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$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 7,650 | 21,385 | 16,140 |
| Non Tax-Deductible | 1,450 | 40 | 460 |
| Total Donations in Cash | 9,100 | 21,425 | 16,600 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 436,347 | 374,166 | 478,315 |
| Investment Income | 0 | 0 | 0 |
| Programme Fees | 168,951 | 102,749 | 122,499 |
| Others Income | 124,516 | 102,359 | 94,522 |
| Total Receipts | 738,914 | 600,699 | 711,936 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 700,659 | 439,219 | 409,094 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 700,659 | 439,219 | 409,094 |
| Expenses | |||
| Other Expenses | 94,544 | 111,593 | 100,421 |
| Total Expenditure | 795,203 | 550,812 | 509,515 |
| Balance Sheet | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 31,519 | 42,529 | 8,850 |
| Investments | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 267,670 | 265,257 | 245,713 |
| Cash & Deposits | 228,631 | 321,572 | 272,230 |
| Other Assets | 0 | 0 | 0 |
| Total Assets | 527,820 | 629,358 | 526,793 |
| Funds | |||
| Total Unrestricted Funds | 342,331 | 398,620 | 348,733 |
| Total Restricted Funds | 0 | 0 | 0 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 342,331 | 398,620 | 348,733 |
| Liabilities | |||
| Total Current Liabilities | 185,489 | 230,738 | 178,060 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 185,489 | 230,738 | 178,060 |
| Total Funds and Liabilities | 527,820 | 629,358 | 526,793 |
| Other Information | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 7 | 8 | 8 |
| Total Employee Cost | 328,840 | 326,180 | 311,817 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 175,300 | 112,207 | 1,058 |
People
At Bhaskar's Arts Academy Ltd., individuals are involved in promoting and preserving classical Indian music, dance, and other fine arts in Singapore by providing a platform for talented artists to showcase their skills, fostering interest in traditional art forms, advancing the professional capabilities of young performers, developing local choreography talent, creating new repertoire appealing to wider audiences, cultivating audience appreciation for the arts, and collaborating with synergistic partners to create unique perspectives and opportunities.
tharmendra jeyaraman
thirunavukarasu sundaram pillai
wong chee meng
ghanavenothan retnam
lethikadevi d/o kunjan pillai
p chandra mohan
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