Charity
WRESTLING FEDERATION OF SINGAPORE
About
What does WRESTLING FEDERATION OF SINGAPORE do?
The Wrestling Federation of Singapore (WFS) is a charitable organization dedicated to promoting wrestling as a sport and developing athletes for regional and international competitions. Their mission includes establishing wrestling in all schools, organizing regular events and tournaments, making it a popular community sport, and reaching out to at-risk youths through various philanthropic initiatives.
Founded
2009
People
chin yiow-min bernard, leonard arthur kong pin cheong, gerard keith lim, cheong jun ming, mervyn, soo qin qi
Causes
Health & WellnessChildrenEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2009
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promotion and development of wrestling as a sport in schools, making it more accessible to youths-at-risk.
- Encouraging healthy lifestyle habits among participants through regular training and competition.
- Providing opportunities for personal growth and achievement through competitive sports.
- Contributing to the nation's reputation by winning medals in regional and international competitions, boosting national pride.
- Fostering a sense of community through local and regional wrestling events and tournaments.
- Encouraging youth involvement in sports, promoting teamwork, discipline, and leadership skills.
- Contributing to the development of grassroots-level athletes who may go on to excel at higher levels of competition.
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?
- Promotion and development of wrestling as a sport in schools, making it more accessible to youths-at-risk.
- Encouraging healthy lifestyle habits among participants through regular training and competition.
- Providing opportunities for personal growth and achievement through competitive sports.
- Contributing to the nation's reputation by winning medals in regional and international competitions, boosting national pride.
- Fostering a sense of community through local and regional wrestling events and tournaments.
- Encouraging youth involvement in sports, promoting teamwork, discipline, and leadership skills.
- Contributing to the development of grassroots-level athletes who may go on to excel at higher levels of competition.
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$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 90,373 | 48,480 | 3,504 |
| Non Tax-Deductible | 1,575 | 1,681 | 0 |
| Total Donations in Cash | 91,948 | 50,161 | 3,504 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 653,779 | 566,839 | 447,349 |
| Investment Income | 0 | 0 | 0 |
| Programme Fees | 2,700 | 200 | 1,131 |
| Others Income | 48,944 | 75,786 | 169,109 |
| Total Receipts | 797,371 | 692,986 | 621,093 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 778,129 | 644,103 | 602,746 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 778,129 | 644,103 | 602,746 |
| Expenses | |||
| Other Expenses | 39,534 | 5,385 | 15,921 |
| Total Expenditure | 817,663 | 649,488 | 618,667 |
| Balance Sheet | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| Inventories | 7,508 | 6,077 | 8,029 |
| Account Receivables | 38,860 | 50,906 | 54,792 |
| Cash & Deposits | 140,105 | 150,605 | 134,941 |
| Other Assets | 0 | 0 | 0 |
| Total Assets | 186,473 | 207,588 | 197,762 |
| Funds | |||
| Total Unrestricted Funds | 55,940 | 41,654 | 26,908 |
| Total Restricted Funds | 119,386 | 150,414 | 134,299 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 175,326 | 192,068 | 161,207 |
| Liabilities | |||
| Total Current Liabilities | 11,147 | 15,520 | 36,555 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 11,147 | 15,520 | 36,555 |
| Total Funds and Liabilities | 186,473 | 207,588 | 197,762 |
| Other Information | Apr 2022 - Mar 2023(S$) | 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 | 3 | 4 | 4 |
| Total Employee Cost | 139,328 | 107,553 | 89,511 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 0 | 0 | 0 |
People
People involved with the Wrestling Federation of Singapore (WFS) work towards promoting wrestling as a sport, developing athletes for regional and international competitions, establishing wrestling in schools, organizing regular events and tournaments, making it a popular community sport, and reaching out to at-risk youth through various philanthropic initiatives.
chin yiow-min bernard
leonard arthur kong pin cheong
gerard keith lim
cheong jun ming, mervyn
soo qin qi
News
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