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Others
Governance Evaluation Checklist
 FY2010
Non-Financial Information
Name of Organisation:
SingHealth Foundation
Address:
167 Jalan Bukit Merah Tower 5 #22-10A S150167
Contact Information
Name of Contact Person: Ms Nancy Sue Frohman
Telephone No: 6377 7606
Fax No: 6377 2507
Email Address: nancy.frohman@singhealth.com.sg
Web-site Address: http://www.singhealthfoundation.org.sg
Charity Status
Unique Entity No: T02CC1576B
Charity Registration Date: 20 June 2002
Constitution: SingHealth Foundation Operating Rules
Date of Establishment: 31 March 2000
ROS/RCB Regn No:Not applicable
IPC Status
Effective Date : 25/06/2002-24/06/2014
Objectives:
The Fund is established to receive contributions and give grants to further medical research and development, education and training, and the provision of health-related services in Singapore.
Vision:
To realise tomorrow's medicine.
Mission:
To facilitate medical innovation for better healthcare.
No. of Beneficiaries: 12 Institutions
Programs/Activities
Some Programmes supported by SingHealth Foundation :
Research
- Singapore Cord Blood Bank
- Cancer – Development of a Diffuse Optical Spectroscopy System for in Vivo Photodynamic Therapy Dosimetry to Optimize Cancer Treatment
- Eye Diseases – The Moorfields Motion Displacement Test: A new form of perimetry for detecting glaucomatous visual field changes, a pilot study in Singapore
- Heart Diseases – Studies on the Therapeutic Potential and Mechanism of Hydrogen Sulfide for the Cardiovascular Complications of Diabetes Mellitus
- Neuroscience – A Very Early Rehabilitation Trial (AVERT) Singapore
Education
- Expansion/Upgrading of the Simulation Training Centre (KK Women’s and Children’s Hospital)
- SingHealth Duke-NUS Scientific Conference
- Talent Development Fund
Understanding Patient Care
- Changi General Hospital Vaccination Programme for Needy Patients
- National Dental Centre Patient Care Fund
- SGH Programme for Needy Patients Requiring Treatment not assisted by Medifund
Trustees/Board Members
Prof Tan Ser Kiat
Mr Alexander Chan
Ms Stacy Choong
A/Prof Lim Lean Huat
Dr Low Lip Ping
Mr Quah Wee Ghee
Mr Phillip Tan
Mrs Teo Poh Yim
Prof Ivy Ng
Mr Johnny Quah
Key Employees
Dr Kwa Chong Teck, Executive Director
Ms Nancy Frohman, General Manager
Auditor
Deloitte & Touche, Certified Public Accountants
Financial Information
|
Income
|
2008
(S$’000)
|
2009
(S$’000)
|
2010
(S$’000)
|
% Increase/ (Decrease)
[2010 vs 2009]
|
|
Donations in Cash
- Tax Deductible
- Non-Tax Deductible[1]
|
18,686
555
|
40,917
561
|
37,830
430
|
-8%
-23%
|
| Donations in Kind - Tax Deductible - Non-Tax Deductible |
--
|
--
|
--
|
--
|
|
Grants / Sponsorships
|
1
|
0
|
0
|
0%
|
|
Investment income
|
854
|
478
|
482
|
1%
|
|
Investment gains
|
--
|
--
|
--
|
--
|
|
Others (please specify if material)
|
407
|
91
|
2
|
-98%
|
|
Total Income
|
20,503
|
42,047
|
38,744
|
-8%
|
|
Expenses
|
2008
(S$’000)
|
2009
(S$’000)
|
2010
(S$’000)
|
% Increase/ (Decrease)
[2010 vs 2009]
|
|
Direct Fund-raising Expenses[2]
|
76
|
5
|
0
|
-100%
|
|
Charitable Activities Expenses [3]
- Local
- Overseas
|
16,799
|
19,701
|
20,350
|
3%
|
|
Other Operating & Administration Expenses[4]
|
858
|
798
|
927
|
16%
|
|
Others (please specify if material)
|
--
|
--
|
--
|
--
|
|
Total Expenditure
|
17,733
|
20,504
|
21,277
|
4%
|
|
Surplus / (Deficit)
|
2,770
|
21,543
|
17,467
|
-19%
|
|
Balance Sheet
|
2008
(S$’000)
|
2009
(S$’000)
|
2010
(S$’000)
|
% Increase/ (Decrease)
[2010 vs 2009]
|
|
ASSETS
|
|
|
|
|
|
Land and Buildings
|
--
|
--
|
--
|
--
|
|
Other Tangible Assets
|
2
|
2
|
114
|
5600%
|
|
Investments
|
--
|
--
|
--
|
--
|
|
Inventories
|
--
|
--
|
--
|
--
|
|
Accounts Receivable
|
50,629
|
52,557
|
59,083
|
12%
|
|
Cash & Deposits
|
86,338
|
106,577
|
117,694
|
10%
|
|
Others (please specify if material)
|
209
|
136
|
193
|
42%
|
|
Total Assets
|
137,178
|
159,272
|
177,084
|
11%
|
|
|
|
|
|
|
|
FUNDS
|
|
|
|
|
|
Unrestricted Fund[5]
|
|
|
|
|
|
~ Surplus Fund
|
4,844
|
10,199
|
7,554
|
-26%
|
|
~ Designated Fund
|
16,583
|
13,160
|
23,450
|
78%
|
|
Restricted Fund[6]
|
106,620
|
126,230
|
136,053
|
8%
|
|
Endowment Fund[7]
|
--
|
--
|
|
--
|
|
Total Funds
|
128,047
|
149,589
|
167,057
|
12%
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
Long-Term Liabilities
|
--
|
--
|
--
|
--
|
|
Current Liabilities
|
9,131
|
9,683
|
10,027
|
4%
|
|
Total Liabilities
|
9,131
|
9,683
|
10,027
|
4%
|
|
|
|
|
|
|
|
Total Funds and Liabilities
|
137,178
|
159,272
|
177,084
|
11%
|
|
Other Information
|
2008
|
2009
|
2010
|
% Increase/ (Decrease)
[2010 vs 2009]
|
|
Donations/Grants and Sponsorships given to other Charities (S$’000)
|
--
|
--
|
--
|
--
|
|
No. of Employees *
|
10
|
11
|
10
|
-9%
|
|
Total Employee Costs (S$’000) *
|
750
|
783
|
896
|
14%
|
|
Total Related Party Transactions[8] (S$’000)
|
16,881
|
17,831
|
19,098
|
7%
|
|
Fund-raising efficiency[9]
|
0.39%
|
0.01%
|
0.00%
|
-100%
|
|
Ratio of reserves to annual operating expenditure[10]
|
1.21
|
1.14
|
1.46
|
28%
|
* No. of Employees include contract and permanent staff seconded from SingHealth Services Pte Ltd.
1 These include donations collected through flag days, donations that entail benefits to the donors and donations received for overseas purposes.
2 This refers to costs directly incurred and paid for during fund-raising. They include such costs as advertisements, printing, publicity materials, rental of premises, logistics, hiring of commercial third-party fund-raisers, organizing games of chance, etc.
3 These are all resources applied by the charity in undertaking its work to meet its charitable objectives in the delivery of goods and services. Such costs include the direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken
4 These are expenses which relate to the general running of the charity that provide the governance infrastructure which allows the charity to operate, to generate the information required for public accountability, and the strategic planning processes that contribute to future development of the charity.
5 These are generally unrestricted funds which the IPC is free to use for its programmes and operating costs e.g. General Fund.
6 These are special funds held by the IPC that can only be applied for specific purposes, e.g. Building Fund.
7 These are funds which the IPC holds in trust for the benefit of the IPC as a capital fund. Generally, only interest income from Endowment Funds are used, and not the capital sum.
8 Related Party Transactions refer to transactions between the IPC and another person where either person could have influence over the other. For example, if a board member of an IPC is related to a certain supplier of services for the IPC, the value of the transactions should be disclosed. Refer to the Financial Reporting Standards for the full definition of Related Party Transactions.
9 This is expressed in the ratio of A to B, where A refers to Direct Fund-raising Expenses and sponsorships relating to fund-raising (where receipts have been issued by sponsors); and B refers to total donations received from fund-raising and sponsorships relating to fund-raising (where receipts have been issued by sponsors).
10 This is expressed in the ratio of C to D, where C refers to Unrestricted Funds; and
D refers to Charitable Activities Expenses and Other Operating and Administration Expenses.
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