Methodist Welfare Services is a charitable organization dedicated to improving the lives of those who are disadvantaged, marginalized, or struggling with various challenges such as poverty, family issues, substance abuse, and more. We aim to provide support and resources for these individuals and families in need, helping them get back on track towards a better future
1985
teo li bee, wilson sampath john, samuel tay chu kwang, lam wei choong, philip oh siew teong, chew kim ling, joanne low eu min, yow chi mun, terence wee jin zoo, soh kok leong
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
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.
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.
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
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$) |
---|---|---|---|
Donations in Cash | |||
Tax-Deductible | 9,083,816 | 10,412,983 | 9,858,087 |
Non Tax-Deductible | 3,674,973 | 3,498,678 | 3,729,411 |
Total Donations in Cash | 12,758,789 | 13,911,661 | 13,587,498 |
Donations in Kind | |||
Tax-Deductible | 0 | 0 | 0 |
Non Tax-Deductible | 274,168 | 475,392 | 171,526 |
Total Donations in Kind | 274,168 | 475,392 | 171,526 |
Government Grants | 37,317,920 | 33,930,376 | 36,958,894 |
Investment Income | 184,544 | 1,132,749 | 2,319,114 |
Programme Fees | 4,635,812 | 4,564,664 | 4,633,456 |
Others Income | 1,871,185 | 1,374,224 | 1,417,918 |
Total Receipts | 57,042,418 | 55,389,066 | 59,088,406 |
Capital in Nature | 0 | 0 | 0 |
Expenses | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
---|---|---|---|
Fundraising Expenses | |||
Fundraising Expenses | 1,193,560 | 828,914 | 667,689 |
Charitable Activities/Programme Expenses | |||
Local (Direct & Support) | 52,435,660 | 49,347,600 | 43,909,505 |
Overseas (Direct & Support) | 0 | 0 | 33,619 |
Charitable Activities/Programme Expenses | 52,435,660 | 49,347,600 | 43,943,124 |
Expenses | |||
Other Expenses | 7,338,260 | 6,673,884 | 5,387,860 |
Total Expenditure | 60,967,480 | 56,850,398 | 49,998,673 |
Balance Sheet | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
---|---|---|---|
Assets | |||
Land and Buildings | 5,352,439 | 4,640,223 | 5,920,122 |
Other Tangible Assets | 6,418,147 | 7,744,762 | 9,344,580 |
Investments | 19,068,515 | 17,733,798 | 16,750,721 |
Inventories | 0 | 0 | 0 |
Account Receivables | 3,547,069 | 2,987,481 | 3,040,723 |
Cash & Deposits | 30,923,606 | 33,864,394 | 35,078,894 |
Other Assets | 675,322 | 610,056 | 609,238 |
Total Assets | 65,985,098 | 67,580,714 | 70,744,278 |
Funds | |||
Total Unrestricted Funds | 50,895,967 | 54,734,933 | 56,180,750 |
Total Restricted Funds | 0 | 0 | 0 |
Endowments Funds | 1,394,875 | 1,480,971 | 1,496,486 |
Total Funds and Reserves | 52,290,842 | 56,215,904 | 57,677,236 |
Liabilities | |||
Total Current Liabilities | 7,014,186 | 6,662,545 | 6,839,214 |
Total Non-Current Liabilities | 6,680,070 | 4,702,265 | 6,227,828 |
Total Liabilities | 13,694,256 | 11,364,810 | 13,067,042 |
Total Funds and Liabilities | 65,985,098 | 67,580,714 | 70,744,278 |
Other Information | Apr 2022 - Mar 2023(S$) | 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 | 630 | 604 | 579 |
Total Employee Cost | 42,154,844 | 39,315,051 | 31,792,712 |
Fudnraisig Efficiency Ratio | 9 | 5 | 4 |
Total Related Party Transactions | 0 | 4,240 | 4,332 |
At Methodist Welfare Services, we work tirelessly to improve the lives of those facing challenges such as poverty, family issues, substance abuse, and more. Our goal is to provide support and resources for these individuals and families in need, helping them overcome their difficulties and move towards a brighter future.