Charity
Hock Chuan Monastery
About
What does Hock Chuan Monastery do?
Hock Chuan Monastery is a charitable organization dedicated to promoting and advancing the teachings of Buddha, improving understanding of various Buddhist philosophies, meditation practices, and practical applications. Their mission includes uplifting social morals, fostering filial piety, and providing spiritual dimensions to society through Buddhist principles. Additionally, they aim to establish and maintain an old folks home as part of their charitable efforts.
Founded
2000
People
sek poh chen, tong kion peng, chin tet yong, ang keng hock, lau siam sing, wang songling, ho meng seng, shi you guang, shi you hang, tong aik hwee ethan lester
Causes
No PovertyHealth & WellnessEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2000
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promotes spirituality and religious diversity by encouraging the worship of Buddha and educating about various Buddhist teachings (Hinayana, Mahayana, Vajrayana).
- Fosters a sense of community through regular events and activities that bring people together to learn and practice Buddhism.
- Encourages personal growth and self-improvement by providing meditation practices and practical applications of Buddhist teachings.
- Contributes to the upliftment of social morals and values, such as filial piety, through education on Buddhist principles.
- Provides a supportive environment for individuals seeking spiritual guidance or looking to deepen their understanding of Buddhism.
- Offers assistance to the elderly by operating an old folks home, providing care and companionship for those in
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?
- Promotes spirituality and religious diversity by encouraging the worship of Buddha and educating about various Buddhist teachings (Hinayana, Mahayana, Vajrayana).
- Fosters a sense of community through regular events and activities that bring people together to learn and practice Buddhism.
- Encourages personal growth and self-improvement by providing meditation practices and practical applications of Buddhist teachings.
- Contributes to the upliftment of social morals and values, such as filial piety, through education on Buddhist principles.
- Provides a supportive environment for individuals seeking spiritual guidance or looking to deepen their understanding of Buddhism.
- Offers assistance to the elderly by operating an old folks home, providing care and companionship for those in
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$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 440,487 | 545,547 | 314,264 |
| Total Donations in Cash | 440,487 | 545,547 | 314,264 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 2,137 | 5,770 | 25,773 |
| Investment Income | 0 | 0 | 0 |
| Programme Fees | 0 | 0 | 0 |
| Others Income | 639,207 | 807,618 | 515,373 |
| Total Receipts | 1,081,831 | 1,358,935 | 855,410 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 39,470 | 14,850 | 26,299 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 39,470 | 14,850 | 26,299 |
| Expenses | |||
| Other Expenses | 617,822 | 429,344 | 348,350 |
| Total Expenditure | 657,292 | 444,194 | 374,649 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 1,191,055 | 2,192,848 | 1,308,505 |
| Other Tangible Assets | 1,303,722 | 87,069 | 0 |
| Investments | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 0 | 0 | 0 |
| Cash & Deposits | 4,972,479 | 4,542,276 | 4,536,935 |
| Other Assets | 0 | 0 | 0 |
| Total Assets | 7,467,256 | 6,822,193 | 5,845,440 |
| Funds | |||
| Total Unrestricted Funds | 7,403,259 | 6,745,967 | 5,831,226 |
| Total Restricted Funds | 0 | 0 | 0 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 7,403,259 | 6,745,967 | 5,831,226 |
| Liabilities | |||
| Total Current Liabilities | 63,997 | 76,226 | 14,214 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 63,997 | 76,226 | 14,214 |
| Total Funds and Liabilities | 7,467,256 | 6,822,193 | 5,845,440 |
| Other Information | Jan 2022 - Dec 2022(S$) | 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 | 4 | 4 | 4 |
| Total Employee Cost | 97,814 | 95,285 | 92,070 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 0 | 0 | 0 |
People
At Hock Chuan Monastery, individuals engage in various activities that promote and advance the teachings of Buddha, improve understanding of Buddhist philosophies, meditation practices, and practical applications. They strive to uplift social morals, foster filial piety, and provide spiritual dimensions to society through Buddhist principles. Furthermore, they work towards establishing and maintaining an old folks home as part of their charitable efforts.
sek poh chen
tong kion peng
chin tet yong
ang keng hock
lau siam sing
wang songling
ho meng seng
shi you guang
shi you hang
tong aik hwee ethan lester
News
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