Charity
VICTORY FAMILY CENTRE LTD
About
What does VICTORY FAMILY CENTRE LTD do?
Victory Family Centre Ltd is a charitable organization dedicated to bringing glory to God by holistically ministering to its members and caring for the community, particularly those who are lonely, needy, helpless, or foreigners.
Founded
1986
People
poh kwee lan anna, jeremy mark seaward, ong soh cheng, sachariah mohan kurian linus, sim beng guan, graydon tan hock eng, lim chin teik paul
Causes
No PovertyHealth & WellnessChildrenHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 1986
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Improved community cohesion: By providing a space for various activities, the charity may help to bring together individuals from different backgrounds and foster a sense of belonging within the local community.
- Enhanced well-being: Through their holistic approach to ministry, Victory Family Centre Ltd may contribute to improved mental health and overall well-being among members and those they serve.
- Support for vulnerable populations: By targeting lonely, needy, helpless individuals, the charity can provide crucial assistance to some of society's most marginalized groups.
- Cultural exchange: The organization may facilitate cross-cultural understanding and appreciation by serving foreigners within their community.
- Increased spiritual awareness: Through their mission to bring glory to God, Victory Family Centre Ltd
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 community cohesion: By providing a space for various activities, the charity may help to bring together individuals from different backgrounds and foster a sense of belonging within the local community.
- Enhanced well-being: Through their holistic approach to ministry, Victory Family Centre Ltd may contribute to improved mental health and overall well-being among members and those they serve.
- Support for vulnerable populations: By targeting lonely, needy, helpless individuals, the charity can provide crucial assistance to some of society's most marginalized groups.
- Cultural exchange: The organization may facilitate cross-cultural understanding and appreciation by serving foreigners within their community.
- Increased spiritual awareness: Through their mission to bring glory to God, Victory Family Centre Ltd
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 | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | NaN | NaN | NaN |
| Non Tax-Deductible | 13,873,212 | 13,815,087 | NaN |
| Total Donations in Cash | NaN | NaN | NaN |
| Donations in Kind | |||
| Tax-Deductible | NaN | NaN | NaN |
| Non Tax-Deductible | NaN | NaN | 13,819,835 |
| Total Donations in Kind | NaN | NaN | NaN |
| Government Grants | 79,037 | 719,657 | NaN |
| Investment Income | 2,178 | 977 | 1,052 |
| Programme Fees | 413,471 | 148,223 | NaN |
| Others Income | 20,743 | 37,380 | 1,262,181 |
| Total Receipts | 14,388,641 | 14,721,324 | 15,083,068 |
| Capital in Nature | NaN | NaN | NaN |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | NaN | NaN | NaN |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 5,067,787 | 5,217,841 | 4,602,342 |
| Overseas (Direct & Support) | 3,506,616 | 2,710,438 | 3,321,223 |
| Charitable Activities/Programme Expenses | 8,574,403 | 7,928,279 | 7,923,565 |
| Expenses | |||
| Other Expenses | 3,499,183 | 2,607,293 | 3,129,117 |
| Total Expenditure | 12,073,586 | 10,535,572 | 11,052,682 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 54,367,311 | 58,244,969 | 54,281,732 |
| Other Tangible Assets | 1,787,400 | 1,175,903 | 7,012,739 |
| Investments | 541,119 | NaN | NaN |
| Inventories | NaN | NaN | NaN |
| Account Receivables | 190,640 | 268,836 | 171 |
| Cash & Deposits | 13,056,508 | 11,513,036 | 8,959,954 |
| Other Assets | 243,845 | 169,303 | 1,833,211 |
| Total Assets | 70,186,823 | 71,372,047 | 72,087,807 |
| Funds | |||
| Total Unrestricted Funds | 10,012,368 | 8,422,336 | 5,720,962 |
| Total Restricted Funds | 38,007,954 | 36,976,971 | 36,168,171 |
| Endowments Funds | NaN | NaN | NaN |
| Total Funds and Reserves | 48,020,322 | 45,399,307 | 41,889,133 |
| Liabilities | |||
| Total Current Liabilities | 4,617,908 | 5,257,886 | 3,575,345 |
| Total Non-Current Liabilities | 17,548,593 | 20,714,854 | 26,623,329 |
| Total Liabilities | 22,166,501 | 25,972,740 | 30,198,674 |
| Total Funds and Liabilities | 70,186,823 | 71,372,047 | 72,087,807 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 132,000 | 438,000 | 438,000 |
| No. of Employees | 118 | 129 | 137 |
| Total Employee Cost | 4,637,003 | 4,980,898 | 5,175,339 |
| Fudnraisig Efficiency Ratio | NaN | NaN | NaN |
| Total Related Party Transactions | 261,860 | 305,972 | 305,772 |
People
At Victory Family Centre Ltd., individuals work together towards a common goal of holistically ministering to members and caring for the community, particularly those who are lonely, needy, helpless, or foreigners.
poh kwee lan anna
jeremy mark seaward
ong soh cheng
sachariah mohan kurian linus
sim beng guan
graydon tan hock eng
lim chin teik paul
News
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