Charity

SINGAPORE ARTS SCHOOL LTD.

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About

What does SINGAPORE ARTS SCHOOL LTD. do?

Singapore Arts School Ltd is a charitable organization dedicated to providing integrated academic and arts education, fostering future generations of artists and creative professionals in Singapore.

Founded

2005

People

loh lik peng, koh lin-net, chan mui tuan, azman hisham bin ja'afar, chen jer ming, teo lai wah timothy, tan suee chieh, rajan sanjiv kumar, kuok meng ru, seah gek choo (she yuzhu)

Causes

All Education Children

Highlights

Donations are tax-deductible
Registered Charity
Established since 2005
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Promotes arts education: By providing integrated academic and arts education, the school can increase access to arts training for students who may not have had the opportunity otherwise. This could lead to a more culturally literate society with a greater appreciation for the arts.
Nurtures future artists and creative professionals: The school's mission is to develop its students to their fullest potential, which can contribute to the growth of Singapore's arts industry by producing talented individuals who will become professional artists or work in related fields.
Fosters a vibrant arts community: By establishing strong links with the arts community and other institutions, the school can help create a more connected and collaborative arts scene in Singapore. This could lead to increased innovation and creativity within the industry.
Enriches society through artistic expression: The school

Donation Income

S$49,802,484In 2022

Fundraising Efficiency

8.63%In 2022

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

2.29%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$49,802,484In 2022

What are the donations used for?

Promotes arts education: By providing integrated academic and arts education, the school can increase access to arts training for students who may not have had the opportunity otherwise. This could lead to a more culturally literate society with a greater appreciation for the arts.
Nurtures future artists and creative professionals: The school's mission is to develop its students to their fullest potential, which can contribute to the growth of Singapore's arts industry by producing talented individuals who will become professional artists or work in related fields.
Fosters a vibrant arts community: By establishing strong links with the arts community and other institutions, the school can help create a more connected and collaborative arts scene in Singapore. This could lead to increased innovation and creativity within the industry.
Enriches society through artistic expression: The school

Program Expense Ratio

2.29%In 2022

Fundraising Efficiency

8.63%In 2022

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 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	368,440	233,802	304,828
Non Tax-Deductible	17,164	65,256	9,905
Total Donations in Cash	385,604	299,058	314,733
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	0
Total Donations in Kind	0	0	0
Government Grants	37,483,379	37,148,592	37,277,566
Investment Income	959,780	0	0
Programme Fees	5,787,472	5,866,210	0
Others Income	3,099,665	2,084,624	8,316,993
Total Receipts	47,715,900	45,398,484	45,909,292
Capital in Nature	2,086,584	1,220,366	1,821,341

Expenses	Apr 2022 - Mar 2023(S$)	Apr 2021 - Mar 2022(S$)	Apr 2020 - Mar 2021(S$)
Fundraising Expenses
Fundraising Expenses	33,289	49,772	28,663
Charitable Activities/Programme Expenses
Local (Direct & Support)	1,059,894	748,609	0
Overseas (Direct & Support)	0	0	0
Charitable Activities/Programme Expenses	1,059,894	748,609	NaN
Expenses
Other Expenses	45,175,945	42,995,676	42,658,677
Total Expenditure	46,269,128	43,794,057	42,687,340

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	3,353,569	2,217,025	2,065,426
Investments	0	0	0
Inventories	0	0	0
Account Receivables	3,648,378	658,978	713,817
Cash & Deposits	95,194,336	96,649,811	99,377,761
Other Assets	0	0	235,134
Total Assets	102,196,283	99,525,814	102,392,138
Funds
Total Unrestricted Funds	57,998,880	56,611,588	55,013,020
Total Restricted Funds	3,134,937	3,605,916	4,100,544
Endowments Funds	11,587,756	11,057,297	10,556,895
Total Funds and Reserves	72,721,573	71,274,801	69,670,459
Liabilities
Total Current Liabilities	15,693,664	13,976,473	17,903,337
Total Non-Current Liabilities	13,781,046	14,274,540	14,818,342
Total Liabilities	29,474,710	28,251,013	32,721,679
Total Funds and Liabilities	102,196,283	99,525,814	102,392,138

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	260	250	268
Total Employee Cost	34,170,421	32,922,972	30,969,091
Fudnraisig Efficiency Ratio	8	16	23
Total Related Party Transactions	35,730,795	30,805,797	30,115,028