Charity
BUSINESS CHINA
About
What does BUSINESS CHINA do?
Business China is a charity organization dedicated to fostering bilingual and bi-cultural connections between Singaporeans and China through various activities and events. Their mission is to nurture an inclusive group of individuals who can effectively communicate with their Chinese counterparts, thereby strengthening the ties between both countries. Business China's vision includes becoming a leading channel for closer collaboration with China, promoting widespread appreciation of Chinese language and culture in Singapore, and engaging young Singaporeans to develop deeper links with China across various sectors such as business, education, social, cultural, or economic aspects.
Founded
2009
People
chee hong tat, wong chee herng, png cheong boon, lim chee kean, lim hock chee, zhong sheng jian, lee yi shyan, kho choon keng, sun jie, sim ann
Causes
EducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2009
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promoting bilingualism and bi-cultural understanding between Singaporeans and Chinese counterparts.
- Enhancing economic opportunities for Singaporeans in China by creating a network of successful, capable individuals.
- Fostering mutual cultural exchange and appreciation between the two countries.
- Strengthening the strategic partnership between Singapore and China in various fields such as education, culture, and business.
- Encouraging public participation in activities organized by Business China to foster a sense of community involvement.
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?
- Promoting bilingualism and bi-cultural understanding between Singaporeans and Chinese counterparts.
- Enhancing economic opportunities for Singaporeans in China by creating a network of successful, capable individuals.
- Fostering mutual cultural exchange and appreciation between the two countries.
- Strengthening the strategic partnership between Singapore and China in various fields such as education, culture, and business.
- Encouraging public participation in activities organized by Business China to foster a sense of community involvement.
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$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 903,106 | 1,798,000 | 54,000 |
| Non Tax-Deductible | 100,000 | 100,000 | 0 |
| Total Donations in Cash | 1,003,106 | 1,898,000 | 54,000 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 1,761,092 | 1,839,949 | 1,718,094 |
| Investment Income | 253,002 | 47,413 | 443,392 |
| Programme Fees | 1,031,395 | 801,350 | 0 |
| Others Income | 55,000 | 172,615 | 468,569 |
| Total Receipts | 4,103,595 | 4,759,327 | 2,684,055 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 88,771 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 1,457,724 | 1,389,303 | 2,727,648 |
| Overseas (Direct & Support) | 7,299 | 0 | 7,779 |
| Charitable Activities/Programme Expenses | 1,465,023 | 1,389,303 | 2,735,427 |
| Expenses | |||
| Other Expenses | 2,842,061 | 2,844,026 | 559,809 |
| Total Expenditure | 4,307,084 | 4,322,100 | 3,295,236 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 405,097 | 222,522 | 299,770 |
| Investments | 9,009,588 | 8,434,261 | 750,353 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 1,866,434 | 0 | 0 |
| Cash & Deposits | 13,526,473 | 14,117,134 | 19,607,745 |
| Other Assets | 0 | 1,923,953 | 3,714,260 |
| Total Assets | 24,807,592 | 24,697,870 | 24,372,128 |
| Funds | |||
| Total Unrestricted Funds | 23,137,486 | 23,781,255 | 23,455,998 |
| Total Restricted Funds | 0 | 0 | 0 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 23,137,486 | 23,781,255 | 23,455,998 |
| Liabilities | |||
| Total Current Liabilities | 1,355,848 | 809,164 | 722,401 |
| Total Non-Current Liabilities | 314,258 | 107,451 | 193,729 |
| Total Liabilities | 1,670,106 | 916,615 | 916,130 |
| Total Funds and Liabilities | 24,807,592 | 24,697,870 | 24,372,128 |
| Other Information | Jan 2022 - Dec 2022(S$) | 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 | 20 | 21 | 23 |
| Total Employee Cost | 2,002,677 | 2,133,945 | 2,147,375 |
| Fudnraisig Efficiency Ratio | 0 | 5 | 0 |
| Total Related Party Transactions | 253,666 | 757,379 | 458,755 |
People
People at Business China are dedicated to fostering bilingual and bi-cultural connections between Singaporeans and China through a variety of activities and events. They aim to nurture an inclusive group of individuals who can effectively communicate with their Chinese counterparts, thereby strengthening the ties between both countries. Their vision includes becoming a leading channel for closer collaboration with China, promoting widespread appreciation of Chinese language and culture in Singapore, and engaging young Singaporeans to develop deeper links with China across various sectors such as business, education, social, cultural, or economic aspects.
chee hong tat
wong chee herng
png cheong boon
lim chee kean
lim hock chee
zhong sheng jian
lee yi shyan
kho choon keng
sun jie
sim ann
News
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