Charity
SPECIAL NEEDS TRUST COMPANY LIMITED
About
What does SPECIAL NEEDS TRUST COMPANY LIMITED do?
Special Needs Trust Company Limited is a charitable organization dedicated to enhancing the financial security and well-being of Persons with Special Needs in Singapore through affordable trust services. Their mission is to provide continuity of financial support for PSN, while their vision is to collaborate with individuals and communities to achieve this goal.
Founded
2008
People
jambulingam rajamanickam karthikeyan, tham mun chun (tan wenjun), yee chen fah, lee kim poo, dilys charmaine boey mengyi, leow sheue wen
Causes
No PovertyHealth & WellnessEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2008
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Improved Financial Security: Provides a secure and reliable way to manage financial resources for Persons with Special Needs (PSN), ensuring their long-term well-being.
- Enhanced Quality of Life: By providing affordable trust services, the charity enables PSN to access necessary support and resources that can improve their quality of life.
- Increased Accessibility: The organization's mission helps bridge the gap for individuals with special needs by making financial planning more accessible and understandable.
- Community Collaboration: Encourages collaboration between individuals, communities, and organizations to provide ongoing support for PSN, fostering a sense of unity and shared responsibility.
- Empowerment: By providing continuity of financial support, the charity empowers PSN to make their own decisions about how they
Donation Income
Program Expense Ratio
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
What are the donations used for?
- Improved Financial Security: Provides a secure and reliable way to manage financial resources for Persons with Special Needs (PSN), ensuring their long-term well-being.
- Enhanced Quality of Life: By providing affordable trust services, the charity enables PSN to access necessary support and resources that can improve their quality of life.
- Increased Accessibility: The organization's mission helps bridge the gap for individuals with special needs by making financial planning more accessible and understandable.
- Community Collaboration: Encourages collaboration between individuals, communities, and organizations to provide ongoing support for PSN, fostering a sense of unity and shared responsibility.
- Empowerment: By providing continuity of financial support, the charity empowers PSN to make their own decisions about how they
Program Expense Ratio
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.
Annual Reports
Financial Information
Source: Charity PortalCharities 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$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 41,503 | 933,589 | 14,570 |
| Non Tax-Deductible | 252,669 | 133,147 | 2,446 |
| Total Donations in Cash | 294,172 | 1,066,736 | 17,016 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 9,450 | 8,441 | 8,441 |
| Total Donations in Kind | 9,450 | 8,441 | 8,441 |
| Government Grants | 2,974,285 | 2,575,149 | 2,527,160 |
| Investment Income | 97,908 | 9,593 | 26,236 |
| Programme Fees | 20,570 | 16,670 | 14,060 |
| Others Income | 0 | 0 | 5,040 |
| Total Receipts | 3,396,385 | 3,676,589 | 2,597,953 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 1,606 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 2,369,076 | 2,136,478 | 1,912,226 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 2,369,076 | 2,136,478 | 1,912,226 |
| Expenses | |||
| Other Expenses | 0 | 0 | 0 |
| Total Expenditure | 2,369,076 | 2,138,084 | 1,912,226 |
| Balance Sheet | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 355,822 | 74,743 | 37,489 |
| Investments | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 21,115 | 32,196 | 36,253 |
| Cash & Deposits | 7,974,711 | 6,346,991 | 6,186,793 |
| Other Assets | 39,176 | 21,603 | 0 |
| Total Assets | 8,390,824 | 6,475,533 | 6,260,535 |
| Funds | |||
| Total Unrestricted Funds | 4,314,878 | 4,109,196 | 3,761,392 |
| Total Restricted Funds | 1,689,937 | 1,512,156 | 600,021 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 6,004,815 | 5,621,352 | 4,361,413 |
| Liabilities | |||
| Total Current Liabilities | 2,275,084 | 846,415 | 1,899,122 |
| Total Non-Current Liabilities | 110,925 | 7,766 | 0 |
| Total Liabilities | 2,386,009 | 854,181 | 1,899,122 |
| Total Funds and Liabilities | 8,390,824 | 6,475,533 | 6,260,535 |
| Other Information | Apr 2022 - Mar 2023(S$) | 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 | 19 | 20 | 19 |
| Total Employee Cost | 1,884,420 | 1,858,774 | 1,704,869 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 333,642 | 322,721 | 284,191 |
People
At Special Needs Trust Company Limited, employees work towards enhancing the financial security and well-being of Persons with Special Needs in Singapore by providing affordable trust services. Their mission is to ensure continuity of financial support for PSNs, while their vision involves collaborating with individuals and communities to achieve this goal.
jambulingam rajamanickam karthikeyan
tham mun chun (tan wenjun)
yee chen fah
lee kim poo
dilys charmaine boey mengyi
leow sheue wen
News
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