Charity
BRIGHT HORIZONS FUND
About
What does BRIGHT HORIZONS FUND do?
Bright Horizons Fund empowers underprivileged children by providing education, care, and welfare services. Our mission is to make a difference in their lives and ensure every child has a good start in life.
Founded
2008
People
chia siew fui diana, heng chee how, lim kuang beng, cheng li hui, rahayu binte mahzam
Causes
No PovertyHealth & WellnessChildrenHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2008
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Improved access to education and care for low-income preschool children, promoting equal opportunities regardless of socioeconomic status.
- Enhanced development and welfare of children through funding for educational and medical assistance, food, clothes, nursing aid, materials, facilities, and other forms of support.
- Increased access to early childhood education resources, such as scholarships, bursaries, and financial assistance, making quality preschool education more accessible to underprivileged children.
- Strengthened community by providing families with diverse needs the necessary tools and resources for their children's growth and development.
- Reduced disparities in early childhood education, promoting a more inclusive society where all children have an equal chance at success.
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?
- Improved access to education and care for low-income preschool children, promoting equal opportunities regardless of socioeconomic status.
- Enhanced development and welfare of children through funding for educational and medical assistance, food, clothes, nursing aid, materials, facilities, and other forms of support.
- Increased access to early childhood education resources, such as scholarships, bursaries, and financial assistance, making quality preschool education more accessible to underprivileged children.
- Strengthened community by providing families with diverse needs the necessary tools and resources for their children's growth and development.
- Reduced disparities in early childhood education, promoting a more inclusive society where all children have an equal chance at success.
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 | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 9,343,157 | 22,891,800 | 42,605,584 |
| Non Tax-Deductible | 97,955 | 204,311 | 15,921 |
| Total Donations in Cash | 9,441,112 | 23,096,111 | 42,621,505 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 250,000 | 650,000 | 0 |
| Investment Income | 904,468 | 484,282 | 131,761 |
| Programme Fees | 0 | 0 | 0 |
| Others Income | 5,116 | 0 | 6,327 |
| Total Receipts | 10,600,696 | 24,230,393 | 42,759,593 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 2,693,165 | 4,284,511 | 1,939,067 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 2,693,165 | 4,284,511 | 1,939,067 |
| Expenses | |||
| Other Expenses | 18,936 | 23,877 | 20,063 |
| Total Expenditure | 2,712,101 | 4,308,388 | 1,959,130 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 0 | 0 | 0 |
| Investments | 60,000,000 | 45,000,000 | 5,000,000 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 1,108,147 | 401,632 | 178,555 |
| Cash & Deposits | 17,915,090 | 25,724,175 | 46,003,379 |
| Other Assets | 0 | 0 | 0 |
| Total Assets | 79,023,237 | 71,125,807 | 51,181,934 |
| Funds | |||
| Total Unrestricted Funds | 78,064,162 | 70,031,372 | 49,900,074 |
| Total Restricted Funds | 562,699 | 706,894 | 916,187 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 78,626,861 | 70,738,266 | 50,816,261 |
| Liabilities | |||
| Total Current Liabilities | 396,376 | 387,541 | 365,673 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 396,376 | 387,541 | 365,673 |
| Total Funds and Liabilities | 79,023,237 | 71,125,807 | 51,181,934 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 0 | 0 | 0 |
| Total Employee Cost | 0 | 0 | 0 |
| Fudnraisig Efficiency Ratio | 0 | 11 | 0 |
| Total Related Party Transactions | 9,035,064 | 22,377,993 | 41,105,211 |
People
At Bright Horizons Fund, individuals work towards empowering underprivileged children by providing education, care, and welfare services to make a difference in their lives and ensure every child has a good start in life.
chia siew fui diana
heng chee how
lim kuang beng
cheng li hui
rahayu binte mahzam
News
Similar Charities
