Charity

Singapore Buddhist Welfare Services

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About

Singapore Buddhist Welfare Services banner

What does Singapore Buddhist Welfare Services do?

Singapore Buddhist Welfare Services is dedicated to providing aid for those in need without any discrimination based on age, sex, race, nationality or religion. They offer counseling, financial assistance, training and education programs to help alleviate poverty, suffering, ignorance, ill-health and psychological distress. Their mission is guided by unconditional love and compassion, aiming to make a difference in the lives of all those who seek their support.

Founded

1991

People

yap chip sing, ng bee nah, tan suat lay, toh yew teck, lety de joya @ kuan yan, saw swee lan, lim teck hian

Causes

Health & Wellness Children Education

Highlights

Donations are tax-deductible
Registered Charity
Established since 1991
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Relief of poverty and suffering among various demographics, including children, elderly, and handicapped individuals.
Provision of counseling, financial assistance, training, education, and other forms of support to those in need.
Establishment and maintenance of institutional care for the provision of social services.
Cooperation with government bodies, religious organizations, welfare agencies, and private institutions to achieve common goals.
Encouragement and promotion of voluntary work among individuals who visit and assist families and charitable institutions.
Spreading love and compassion through unconditional support for all in need.
Making a positive difference in the lives of those with various needs and concerns, guided by wisdom and dedication to social welfare.

Donation Income

S$11,428,310In 2022

Program Expense Ratio

34.04%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$11,428,310In 2022

What are the donations used for?

Relief of poverty and suffering among various demographics, including children, elderly, and handicapped individuals.
Provision of counseling, financial assistance, training, education, and other forms of support to those in need.
Establishment and maintenance of institutional care for the provision of social services.
Cooperation with government bodies, religious organizations, welfare agencies, and private institutions to achieve common goals.
Encouragement and promotion of voluntary work among individuals who visit and assist families and charitable institutions.
Spreading love and compassion through unconditional support for all in need.
Making a positive difference in the lives of those with various needs and concerns, guided by wisdom and dedication to social welfare.

Program Expense Ratio

34.04%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	2,184,256	2,084,588	1,833,952
Non Tax-Deductible	1,894,649	1,757,732	1,547,841
Total Donations in Cash	4,078,905	3,842,320	3,381,793
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	0
Total Donations in Kind	0	0	0
Government Grants	2,411,066	3,144,432	3,273,687
Investment Income	30,984	4,876	15,409
Programme Fees	1,885,972	1,753,982	1,749,897
Others Income	3,021,383	2,945,775	2,848,609
Total Receipts	11,428,310	11,691,385	11,269,395
Capital in Nature	0	0	6,090

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)	4,002,437	4,173,408	4,060,547
Overseas (Direct & Support)	0	0	0
Charitable Activities/Programme Expenses	4,002,437	4,173,408	4,060,547
Expenses
Other Expenses	7,756,755	6,500,156	6,184,723
Total Expenditure	11,759,192	10,673,564	10,245,270

Balance Sheet	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Assets
Land and Buildings	36,837,627	38,771,362	40,806,163
Other Tangible Assets	4,665,876	5,040,910	5,396,134
Investments	0	0	0
Inventories	37,956	31,948	24,048
Account Receivables	1,240,510	2,570,001	1,551,944
Cash & Deposits	12,122,611	10,109,285	8,814,014
Other Assets	0	0	0
Total Assets	54,904,580	56,523,506	56,592,303
Funds
Total Unrestricted Funds	39,347,854	42,371,369	40,656,693
Total Restricted Funds	200,938	9,775,482	10,472,337
Endowments Funds	0	0	0
Total Funds and Reserves	39,548,792	52,146,851	51,129,030
Liabilities
Total Current Liabilities	2,711,877	2,581,161	2,402,702
Total Non-Current Liabilities	12,643,911	1,795,494	3,060,571
Total Liabilities	15,355,788	4,376,655	5,463,273
Total Funds and Liabilities	54,904,580	56,523,506	56,592,303

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	700,000	700,000	700,000
No. of Employees	105	96	111
Total Employee Cost	4,881,296	4,557,329	4,553,386
Fudnraisig Efficiency Ratio	0	0	0
Total Related Party Transactions	2,964,706	2,743,090	2,920,768