Charity
Cheng Hong Welfare Service Society
About
What does Cheng Hong Welfare Service Society do?
Cheng Hong Welfare Service Society is dedicated to helping all individuals, regardless of their race, language or religion, through various charitable and social enterprises. They operate a TCM medical center and six clinics across the island, offering free burial services for those in need.
Founded
2004
People
lim eng soon, lim hang chung, lim seng lye, ang chin koon, aiw chye seng, anthony, sim mong keang, kenny, yeo teck cheow, lau swee siang, cedrick, chua seng ong, tan see peng edwin
Causes
Health & WellnessNo PovertyChildrenHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2004
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Helps all individuals, regardless of race, language or religion.
- Provides assistance to poor, disadvantaged, needy and distressed people.
- Operates a TCM medical center and 6 clinics islandwide for affordable healthcare services.
- Offers free burial services for those in financial need.
- Promotes Buddhist teachings of Grand Master Song Dafeng through charitable activities.
Donation Income
Fundraising Efficiency
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
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?
- Helps all individuals, regardless of race, language or religion.
- Provides assistance to poor, disadvantaged, needy and distressed people.
- Operates a TCM medical center and 6 clinics islandwide for affordable healthcare services.
- Offers free burial services for those in financial need.
- Promotes Buddhist teachings of Grand Master Song Dafeng through charitable activities.
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.
Fundraising Efficiency
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 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$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 4,146,038 | 2,380,240 | 1,862,038 |
| Non Tax-Deductible | 771,269 | 578,293 | 346,436 |
| Total Donations in Cash | 4,917,307 | 2,958,533 | 2,208,474 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 428,446 | 1,391,851 | 1,129,547 |
| Investment Income | 19,190 | 0 | 78,398 |
| Programme Fees | 186,100 | 0 | 0 |
| Others Income | 81,561 | 46,966 | 241,500 |
| Total Receipts | 5,632,604 | 4,397,350 | 3,657,919 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 25,154 | 7,058 | 1,074 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 80,885 | 818,236 | 585,268 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 80,885 | 818,236 | 585,268 |
| Expenses | |||
| Other Expenses | 3,592,237 | 1,541,426 | 1,142,970 |
| Total Expenditure | 3,698,276 | 2,366,720 | 1,729,312 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 1,149,220 | 504,484 | 403,982 |
| Investments | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 28,789 | 21,002 | 41,649 |
| Cash & Deposits | 11,274,898 | 9,732,608 | 8,607,036 |
| Other Assets | 20,856 | 20,553 | 6,726 |
| Total Assets | 12,473,763 | 10,278,647 | 9,059,393 |
| Funds | |||
| Total Unrestricted Funds | 11,922,155 | 9,937,007 | 8,780,263 |
| Total Restricted Funds | 0 | 0 | 0 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 11,922,155 | 9,937,007 | 8,780,263 |
| Liabilities | |||
| Total Current Liabilities | 551,608 | 341,640 | 279,130 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 551,608 | 341,640 | 279,130 |
| Total Funds and Liabilities | 12,473,763 | 10,278,647 | 9,059,393 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 37,395 |
| No. of Employees | 72 | 66 | 61 |
| Total Employee Cost | 1,642,575 | 1,200,541 | 880,048 |
| Fudnraisig Efficiency Ratio | 2 | 29 | 1 |
| Total Related Party Transactions | 47,354 | 59,335 | 47,576 |
People
At Cheng Hong Welfare Service Society, individuals are dedicated to helping all members of society through various charitable initiatives. They operate a Traditional Chinese Medicine (TCM) medical center and six clinics across the island, providing free burial services for those in need.
lim eng soon
lim hang chung
lim seng lye
ang chin koon
aiw chye seng, anthony
sim mong keang, kenny
yeo teck cheow
lau swee siang, cedrick
chua seng ong
tan see peng edwin
News
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