Charity

CREST SECONDARY SCHOOL

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About

What does CREST SECONDARY SCHOOL do?

Empowering Lesser Academically Inclined Students for a Promising Future in Singapore.

Founded

2012

People

chia eng hong, seow chui hoon alice, ravindran s/o nagalingam, tan wee yan, wilson, yoong lai sim, leah, mok ying jang, lee ling poh janis, khong choon adrian, ang hui chin tracy-anne, johann bin johari

Causes

No Poverty Health & Wellness Education

Highlights

Donations are tax-deductible
Registered Charity
Established since 2012
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Providing education opportunities for students who may be less academically inclined, offering them a pathway towards success and contributing to Singapore's workforce.
Offering personalized learning experiences that cater to each student's unique needs and abilities, fostering their character development and academic progression.
Promoting social inclusion by accepting students from diverse backgrounds, regardless of their socio-economic status or educational history.
Encouraging the growth of students' skills and competencies through vocational training programs, preparing them for employment opportunities in various industries.
Contributing to Singapore's economy by equipping students with practical skills that are relevant to the country's economic needs.
Supporting the government's efforts towards education reform by offering an alternative educational model that caters to a

Donation Income

S$21,469,396In 2022

Financials

Donation Income

S$21,469,396In 2022

What are the donations used for?

Providing education opportunities for students who may be less academically inclined, offering them a pathway towards success and contributing to Singapore's workforce.
Offering personalized learning experiences that cater to each student's unique needs and abilities, fostering their character development and academic progression.
Promoting social inclusion by accepting students from diverse backgrounds, regardless of their socio-economic status or educational history.
Encouraging the growth of students' skills and competencies through vocational training programs, preparing them for employment opportunities in various industries.
Contributing to Singapore's economy by equipping students with practical skills that are relevant to the country's economic needs.
Supporting the government's efforts towards education reform by offering an alternative educational model that caters to a

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	183,888	195,050	123,000
Non Tax-Deductible	14,300	72,000	90,000
Total Donations in Cash	198,188	267,050	213,000
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	18,098
Total Donations in Kind	0	0	18,098
Government Grants	20,016,480	19,317,394	19,994,795
Investment Income	317,447	37,725	117,127
Programme Fees	323,265	276,040	254,408
Others Income	43,592	41,197	44,352
Total Receipts	20,898,972	19,939,406	20,641,780
Capital in Nature	570,424	354,512	181,833

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)	0	0	0
Overseas (Direct & Support)	0	0	0
Charitable Activities/Programme Expenses	NaN	NaN	0
Expenses
Other Expenses	19,468,556	18,277,404	16,752,889
Total Expenditure	19,468,556	18,277,404	16,752,889

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	2,635,783	2,441,506	1,012,911
Investments	0	0	0
Inventories	0	0	0
Account Receivables	490,467	185,689	68,948
Cash & Deposits	31,292,142	30,348,112	28,812,793
Other Assets	150,298	118,045	65,197
Total Assets	34,568,690	33,093,352	29,959,849
Funds
Total Unrestricted Funds	10,470,660	19,064,604	17,008,702
Total Restricted Funds	14,484,500	4,460,140	4,854,040
Endowments Funds	0	0	0
Total Funds and Reserves	24,955,160	23,524,744	21,862,742
Liabilities
Total Current Liabilities	7,094,040	7,162,453	7,091,077
Total Non-Current Liabilities	2,519,490	2,406,155	1,006,030
Total Liabilities	9,613,530	9,568,608	8,097,107
Total Funds and Liabilities	34,568,690	33,093,352	29,959,849

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	141	143	134
Total Employee Cost	15,356,955	14,584,189	13,677,170
Fudnraisig Efficiency Ratio	0	0	0
Total Related Party Transactions	846,597	908,313	1,341,252