Charity

PRINSEP STREET PRESBYTERIAN CHURCH

Summary FinancialsPeopleNews & ActivitiesSimilar

About

PRINSEP STREET PRESBYTERIAN CHURCH banner

What does PRINSEP STREET PRESBYTERIAN CHURCH do?

Prinsep Street Presbyterian Church is a community of worshippers dedicated to spreading God's Word and making disciples for Jesus Christ. They aim to build a passionate, biblical, prayerful, holistically equipped, faithfully serving, globally evangelizing congregation. Their activities include HELLO (Helping English Learners through Listening & Oracy) classes for domestic helpers and night mission walks to reach out to rough sleepers in the Bugis, Waterloo, and Lavender areas. They are conveniently located in the city with easy access to public transportation.

Founded

1989

People

kok hei mun, jonathan, chan kong fai darryl, ng evelyn, ong xiang wei julian, aw kian-li andrew, lee earn yung, alexander, wee kian hock, peter, wat jianwen sean, loh shu ching, ong ser choong, andrew

Causes

No Poverty Health & Wellness Education

Highlights

Donations are tax-deductible
Registered Charity
Established since 1989
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Promotes spiritual growth and community building among worshippers, fostering a sense of belonging and shared values.
Encourages individuals to live according to biblical teachings, which can lead to improved moral standards and ethical behavior in society.
Provides opportunities for prayer and meditation, contributing to mental well-being and stress reduction among members and the wider community.
Offers holistic education and training programs that equip individuals with skills and knowledge, enhancing their personal development and employability.
Encourages faithful service within the church and beyond, fostering a culture of volunteerism and social responsibility.
Supports global evangelism efforts, spreading the message of Jesus Christ to people around the world and promoting cultural exchange and understanding.

Donation Income

S$2,480,155In 2022

Program Expense Ratio

100.00%In 2022

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

S$2,480,155In 2022

What are the donations used for?

Promotes spiritual growth and community building among worshippers, fostering a sense of belonging and shared values.
Encourages individuals to live according to biblical teachings, which can lead to improved moral standards and ethical behavior in society.
Provides opportunities for prayer and meditation, contributing to mental well-being and stress reduction among members and the wider community.
Offers holistic education and training programs that equip individuals with skills and knowledge, enhancing their personal development and employability.
Encourages faithful service within the church and beyond, fostering a culture of volunteerism and social responsibility.
Supports global evangelism efforts, spreading the message of Jesus Christ to people around the world and promoting cultural exchange and understanding.

Program Expense Ratio

100.00%In 2022

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	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	2,316,421	1,981,197	1,895,196
Total Donations in Cash	2,316,421	1,981,197	1,895,196
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	0
Total Donations in Kind	0	0	0
Government Grants	34,082	43,168	141,196
Investment Income	38,010	23,776	111,632
Programme Fees	0	0	0
Others Income	91,642	90,838	87,009
Total Receipts	2,480,155	2,138,979	2,235,033
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)	1,562,497	1,550,484	1,531,782
Overseas (Direct & Support)	48,988	32,750	35,100
Charitable Activities/Programme Expenses	1,611,485	1,583,234	1,566,882
Expenses
Other Expenses	0	0	0
Total Expenditure	1,611,485	1,583,234	1,566,882

Balance Sheet	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Assets
Land and Buildings	2,440,025	2,148,217	2,333,507
Other Tangible Assets	2,708,359	5,508,854	1,703,023
Investments	6,814,986	3,006,439	6,336,806
Inventories	0	0	0
Account Receivables	41,825	11,021	49,709
Cash & Deposits	61,233	29,264	29,914
Other Assets	21,558	14,694	8,287
Total Assets	12,087,986	10,718,489	10,461,246
Funds
Total Unrestricted Funds	8,029,589	7,477,748	7,406,933
Total Restricted Funds	3,487,344	3,127,282	2,864,383
Endowments Funds	0	0	0
Total Funds and Reserves	11,516,933	10,605,030	10,271,316
Liabilities
Total Current Liabilities	306,424	113,459	189,930
Total Non-Current Liabilities	264,629	0	0
Total Liabilities	571,053	113,459	189,930
Total Funds and Liabilities	12,087,986	10,718,489	10,461,246

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	100,000	142,500	113,600
No. of Employees	13	13	11
Total Employee Cost	790,464	822,977	755,556
Fudnraisig Efficiency Ratio	0	0	0
Total Related Party Transactions	36,776	36,800	36,200