Charity
THE LIBRARY FUND
Summary FinancialsPeopleNews & ActivitiesSimilar
About
What does THE LIBRARY FUND do?
The Library Fund supports National Library Board's functions in advancing a knowledgeable society by providing funding for value-adding initiatives.
Founded
2003
People
ng cher pong, catherine lau che wai, tan tai yong, honor harger, allen sanghyun shim
Causes
EducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2003
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promoting literacy and education by supporting the National Library Board's functions and initiatives.
- Encouraging lifelong learning through access to various resources, including books, databases, archives, and online collections.
- Supporting research activities in different fields such as history, culture, arts, science, and technology.
- Preserving cultural heritage by digitizing historical documents, photographs, maps, and other records for future generations.
- Fostering a knowledgeable and engaged society by providing access to diverse information sources and promoting critical thinking skills.
- Enhancing community engagement through various programs and events organized by the National Library Board.
- Encouraging collaboration between different libraries, archives, and institutions in Singapore and abroad.
- Supporting the development of innovative technologies for
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?
- Promoting literacy and education by supporting the National Library Board's functions and initiatives.
- Encouraging lifelong learning through access to various resources, including books, databases, archives, and online collections.
- Supporting research activities in different fields such as history, culture, arts, science, and technology.
- Preserving cultural heritage by digitizing historical documents, photographs, maps, and other records for future generations.
- Fostering a knowledgeable and engaged society by providing access to diverse information sources and promoting critical thinking skills.
- Enhancing community engagement through various programs and events organized by the National Library Board.
- Encouraging collaboration between different libraries, archives, and institutions in Singapore and abroad.
- Supporting the development of innovative technologies for
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.
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$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 415,000 | 834,586 | 934,547 |
| Non Tax-Deductible | 1,045,000 | 540,430 | 135 |
| Total Donations in Cash | 1,460,000 | 1,375,016 | 934,682 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 0 | 0 | 0 |
| Investment Income | -1,089,000 | -576,835 | 1,944,822 |
| Programme Fees | 0 | 0 | 0 |
| Others Income | 0 | 400,000 | 0 |
| Total Receipts | 371,000 | 1,198,181 | 2,879,504 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 2,905,000 | 2,449,866 | 1,594,001 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 2,905,000 | 2,449,866 | 1,594,001 |
| Expenses | |||
| Other Expenses | 263,000 | 492,883 | 795,630 |
| Total Expenditure | 3,168,000 | 2,942,749 | 2,389,631 |
| Balance Sheet | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 7,114,000 | 7,337,043 | 6,197,578 |
| Other Tangible Assets | 524,000 | 116,122 | 1,457,551 |
| Investments | 49,481,000 | 50,707,307 | 48,688,173 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 112,000 | 49,238 | 428,696 |
| Cash & Deposits | 6,007,000 | 7,937,403 | 10,514,402 |
| Other Assets | 0 | 444,044 | 444,044 |
| Total Assets | 63,238,000 | 66,591,157 | 67,730,444 |
| Funds | |||
| Total Unrestricted Funds | 0 | 0 | 0 |
| Total Restricted Funds | 18,266,000 | 20,006,128 | 21,051,309 |
| Endowments Funds | 43,108,000 | 44,164,569 | 44,863,956 |
| Total Funds and Reserves | 61,374,000 | 64,170,697 | 65,915,265 |
| Liabilities | |||
| Total Current Liabilities | 1,864,000 | 2,420,460 | 1,815,179 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 1,864,000 | 2,420,460 | 1,815,179 |
| Total Funds and Liabilities | 63,238,000 | 66,591,157 | 67,730,444 |
| Other Information | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 2,905,000 | 2,449,866 | 1,594,001 |
| No. of Employees | 0 | 0 | 0 |
| Total Employee Cost | 0 | 0 | 0 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 2,905,000 | 0 | 0 |
N.A: This charity is not required to submit Online Financial Summary for the respective Financial Year.
- : This field is not required for the respective Financial Year
People
At THE LIBRARY FUND, individuals work towards advancing a knowledgeable society through various value-adding initiatives that support National Library Board's functions.
ng cher pong
MEMBER
catherine lau che wai
MEMBER
tan tai yong
BOARD MEMBER
honor harger
BOARD MEMBER
allen sanghyun shim
CHAIRMAN
News
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