Charity

THE ESPLANADE CO LTD

Summary FinancialsPeopleNews & ActivitiesSimilar

About

What does THE ESPLANADE CO LTD do?

What does THE ESPLANADE CO LTD do? The Esplanade Co Ltd is dedicated to supporting and promoting artistic productions in Singapore, with a focus on reflecting its diverse cultural backgrounds. Their main objectives include raising the standards of arts production, talent, and skills locally, as well as positioning The Esplanade - Theatres on the Bay as a world-class performing venue for the Arts. They aim to attract overseas artistic talent, promote Singapore as an international hub for Arts events, encourage local development of vibrant arts scenes, and engage audiences through entertainment, education, and inspiration.

Founded

1995

People

kirandeep singh powar, chen huey rosa, lee tzu yang, tham kwang hsueh yvonne, suhaimi bin zainul abidin, sim hwee cher, janet ang guat har, tan shu ming patricia, neo shun xiang, daryl, clara lim-tan

Causes

All

Highlights

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

Society Impact

Promotion and development of artistic productions reflecting Singapore's diverse cultural backgrounds, enhancing local arts scene.
Raising standards of Arts productions, talent, and skills in Singapore through various initiatives and programs.
Positioning Esplanade - Theatres on the Bay as a world-class performing venue for the Arts.
Encouraging international recognition of Singapore as a regional hub for Arts events and activities.
Attracting overseas Arts talent to perform in Singapore, fostering joint productions with local artists.
Providing an inclusive platform for entertainment, engagement, education, and inspiration through various arts programs and initiatives.
Fostering a sense of community among diverse audiences by offering accessible and affordable Arts experiences

Donation Income

S$82,700,364In 2022

Fundraising Efficiency

16.89%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

18.79%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$82,700,364In 2022

What are the donations used for?

Promotion and development of artistic productions reflecting Singapore's diverse cultural backgrounds, enhancing local arts scene.
Raising standards of Arts productions, talent, and skills in Singapore through various initiatives and programs.
Positioning Esplanade - Theatres on the Bay as a world-class performing venue for the Arts.
Encouraging international recognition of Singapore as a regional hub for Arts events and activities.
Attracting overseas Arts talent to perform in Singapore, fostering joint productions with local artists.
Providing an inclusive platform for entertainment, engagement, education, and inspiration through various arts programs and initiatives.
Fostering a sense of community among diverse audiences by offering accessible and affordable Arts experiences

Program Expense Ratio

18.79%In 2022

Fundraising Efficiency

16.89%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	1,003,923	1,463,134	4,291,870
Non Tax-Deductible	68,026	78,112	86,992
Total Donations in Cash	1,071,949	1,541,246	4,378,862
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	236,249	50,660	10,485
Total Donations in Kind	236,249	50,660	10,485
Government Grants	58,612,233	52,838,898	50,740,906
Investment Income	508,329	214,895	271,101
Programme Fees	3,832,495	954,621	358,045
Others Income	18,439,109	23,548,880	9,356,847
Total Receipts	82,700,364	79,149,200	65,116,246
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	220,930	6,905	10,264
Charitable Activities/Programme Expenses
Local (Direct & Support)	16,438,448	10,715,411	5,876,927
Overseas (Direct & Support)	120,506	3,756	9,156
Charitable Activities/Programme Expenses	16,558,954	10,719,167	5,886,083
Expenses
Other Expenses	71,348,405	76,423,078	56,115,547
Total Expenditure	88,128,289	87,149,150	62,011,894

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	7,690,113	7,723,248	6,578,677
Investments	14,724,783	11,154,783	6,529,246
Inventories	10,630	13,795	10,338
Account Receivables	18,984,854	14,616,243	13,575,138
Cash & Deposits	56,359,866	67,336,112	86,926,021
Other Assets	3,640,160	5,227,394	2,753,783
Total Assets	101,410,406	106,071,575	116,373,203
Funds
Total Unrestricted Funds	65,253,209	84,963,817	87,738,355
Total Restricted Funds	0	0	0
Endowments Funds	0	0	0
Total Funds and Reserves	65,253,209	84,963,817	87,738,355
Liabilities
Total Current Liabilities	17,844,400	21,107,758	28,634,848
Total Non-Current Liabilities	18,312,797	0	0
Total Liabilities	36,157,197	21,107,758	28,634,848
Total Funds and Liabilities	101,410,406	106,071,575	116,373,203

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	248	243	249
Total Employee Cost	25,933,040	24,151,882	22,551,805
Fudnraisig Efficiency Ratio	20	0	0
Total Related Party Transactions	44,387	54,488	52,118