Charity

SINGAPORE COLLEGE OF INSURANCE LIMITED

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About

SINGAPORE COLLEGE OF INSURANCE LIMITED banner

What does SINGAPORE COLLEGE OF INSURANCE LIMITED do?

Singapore College of Insurance Limited is a charity that focuses on expanding the pool of professionally qualified insurance and related financial services professionals through various means, including examinations, assessment, and certification. They offer high-quality education and training programs in insurance and related fields, provide platforms for networking and knowledge exchange, maintain an information resource center, enhance intellectual depth with curriculum content development, and promote public awareness of insurance matters through community activities and collaborations.

Founded

1995

People

khor hock seng, chew yew kuen michael, marcus christoph haushofer, wang liang, christian matthew sandric, ronak akhil shah, tan thean oon dennis

Causes

Education

Highlights

Donations are tax-deductible
Registered Charity
Established since 1995
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Professional Development: Provides high-quality education and training programs for insurance and financial services professionals, enhancing their skills and expertise.
Networking Opportunities: Offers platforms for industry professionals to network and exchange knowledge and experience both nationally and internationally.
Research & Information Resource: Builds an information resource center that maintains insurance and financial services research, enhancing the overall understanding of these sectors in Singapore.
Intellectual Depth: Develops curriculum content and produces publications on insurance and related subjects, contributing to intellectual growth within the industry.
Public Awareness: Promotes public awareness about insurance and financial services through various community activities and collaborations with educational institutions.
International Recognition: Striv

Donation Income

S$7,134,558In 2022

Financials

Donation Income

S$7,134,558In 2022

What are the donations used for?

Professional Development: Provides high-quality education and training programs for insurance and financial services professionals, enhancing their skills and expertise.
Networking Opportunities: Offers platforms for industry professionals to network and exchange knowledge and experience both nationally and internationally.
Research & Information Resource: Builds an information resource center that maintains insurance and financial services research, enhancing the overall understanding of these sectors in Singapore.
Intellectual Depth: Develops curriculum content and produces publications on insurance and related subjects, contributing to intellectual growth within the industry.
Public Awareness: Promotes public awareness about insurance and financial services through various community activities and collaborations with educational institutions.
International Recognition: Striv

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	0	0	0
Total Donations in Cash	0	0	0
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	0
Total Donations in Kind	0	0	0
Government Grants	0	0	0
Investment Income	0	0	0
Programme Fees	0	0	0
Others Income	7,134,558	9,004,338	12,408,999
Total Receipts	7,134,558	9,004,338	12,408,999
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)	0	0	0
Overseas (Direct & Support)	0	0	0
Charitable Activities/Programme Expenses	NaN	NaN	0
Expenses
Other Expenses	6,915,109	7,680,448	8,195,286
Total Expenditure	6,915,109	7,680,448	8,195,286

Balance Sheet	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Assets
Land and Buildings	7,689,258	7,974,045	8,258,832
Other Tangible Assets	345,612	505,462	681,195
Investments	0	0	0
Inventories	4,744	23,728	25,896
Account Receivables	2,120,661	1,211,214	1,697,045
Cash & Deposits	22,913,338	23,492,562	22,004,315
Other Assets	0	0	0
Total Assets	33,073,613	33,207,011	32,667,283
Funds
Total Unrestricted Funds	29,466,800	29,247,351	27,923,461
Total Restricted Funds	2,375,012	2,659,799	2,944,586
Endowments Funds	0	0	0
Total Funds and Reserves	31,841,812	31,907,150	30,868,047
Liabilities
Total Current Liabilities	1,207,067	1,255,152	1,735,685
Total Non-Current Liabilities	24,734	44,709	63,551
Total Liabilities	1,231,801	1,299,861	1,799,236
Total Funds and Liabilities	33,073,613	33,207,011	32,667,283

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	33	34	34
Total Employee Cost	3,400,617	3,617,224	3,025,763
Fudnraisig Efficiency Ratio	0	0	0
Total Related Party Transactions	0	11,400	1,400