1. Non-Financial Information

    Name of Organisation:
    Singapore Millennium Foundation Limited

    Address:
    60B Orchard Road
    #06-18 Tower 2 The Atrium@Orchard
    Singapore 238891
    Contact Information
    Name of Contact Person: John De Roza
    Telephone No: (65) 6828 6982
    Fax No: (65) 6828 6482
    Email Address: secretariat@smf-scholar.org
    Web-site Address: www.smf-scholar.org
    Charity Status
    Charity Regn No: 01508
    Charity Regn Date: 18th June 2001
    Company Regn No: 200102355R

    Constitution: Company Limited by Guarantee
    Date of Establishment: 7th April 2001
    RCB Regn No: 200102355R
    IPC Status
    Effective Date : 2nd May 2012 to 1st May 2015
      Objectives:

      The SMF is a non-profit charitable organization set up to promote and advance scientific progress in Singapore. Established in 2001, the SMF aims to enhance the vitality and excellence of the country’s human resource base, promote R&D capabilities, and improve Singapore’s international visibility in the R&D arena.

      Research Programs Supported:

      Parkinson's Disease

      Liver Cancer

      Mental Health

      Bio-fuel

      Neuromuscular Disease

      Pedagogy & Learning/Special Needs Education

      Ageing

      Non Medical Bioscience
      Office Bearers
      Prof. Lim Pin (Chairman)
      Lord Charles David Powell
      Mr Tan Gee Paw
      Prof Su Guaning
      Mr Ong Boon Hwee
      Ms. Jackie Wong
      Dr. Ngiam Tong Tau
      Prof. Lee Sing Kong
      A/P Chong Siow Ann
      A/P Cynthia Goh

      Key Employees: Nil

      Auditor: KPMG


      FINANCIAL INFORMATION
    INCOME & EXPENDITURE
    FY2008/09
    (S$'000)
    FY2009/10
    (S$'000)
    (restated)
    FY2010/11
    (S$'000)
    % Increase / (Decrease)
    [FY2010/11
    on
    FY2009/10]
    Donations in Cash
    - Tax Deductible
    - Non-Tax Deductible1

    24,300
    -

    24,272
    -

    25,076
    -

    3%
    -
    Donations in Kind
    - Tax Deductible
    - Non-Tax Deductible1

    -
    -

    -
    -

    -
    -

    -
    -
    Grants / Sponsorships
    -
    -
    -
    -
    Investment Income
    7
    -
    -
    -
    Investment gains
    -
    -
    -
    -
    Others (please specify if material)
    -
    -
    -
    -
    Total Income
    24,307
    24,272
    25,076
    3%
    EXPENDITURE
    Direct Fund-raising Expenses2

    -

    -

    -

    -
    Charitable Activities Expenses3
    - Local
    - Overseas

    22,834
    -

    24,361
    -

    24,785

    2%
    -
    Other Operating & Adminsitration Expenses4
    148

    124

    134

    8%
    Others (please specify if material)
    -
    -
    -
    -
    Total Expenditure
    22,982
    24,485
    24,919
    2%
    Surplus / (Deficit)
    1,325
    (213)
    157
    -174%


    Balance Sheet
    FY2008/09
    (S$'000)
    (restated)
    FY2009/10
    (S$'000)
    (restated)
    FY2010/11
    (S$'000)
    % Increase / (Decrease)
    [FY2010/11
    on
    FY2009/10]
    ASSETS
    Land and Buildings
    -
    -
    -
    -
    Other Tangible Assets
    -
    -
    -
    -
    Investments
    -
    -
    -
    -
    Inventories
    -
    -
    -
    -
    Accounts Receivable
    -
    -
    -
    -
    Cash & Deposits
    1,693
    6
    1,004
    16633%
    Others (please specify if material)
    3
    2,143
    3,120
    46%
    Total Assets
    1,696
    2.149
    4,124
    92%

    FUNDS
    Unrestricted Fund5
    218
    5
    162
    3140%
    Restricted Fund6
    -
    -
    -
    -
    Endowment Fund7
    -
    -
    -
    -
    Total Funds
    218
    5
    162
    3140%

    LIABILITIES
    Long-Term Liabilities
    -
    -
    -
    -
    Current Liabilities
    1,478
    2,144
    3,962
    85%
    Total Liabilities
    1,478
    2,144
    3,692
    85%
    Total Funds and Liabiltiies
    1,696
    2,149
    4,124
    92%

    Other Information
    FY2004
    (S$'000)
    FY2005
    (S$'000)
    FY2006
    (S$'000)
    % Increase / (Decrease)
    [FY2010/11
    on
    FY2009/10]
    Donations/Grants and Sponsorships given to other Charities (S$'000)
    -
    -
    -
    -
    No. of Emloyees
    -
    -
    -
    -
    Total Employee Costs (S$'000)
    -
    -
    -
    -
    Total Related Party Transactions8(S$'000)
    -
    -
    -
    -
    Fund-raising efficiency9
    -
    -
    -
    -
    Ratio of reserves to annual operating expenditure10
    0.01
    0.00
    0.01
    Negligible

    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/IPC 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.
    4 This refers to expenses which relate to the general running of the Charities/IPCs that provide the governance infrastructure which allows the Charities/IPCs to operate, to generate the information required for public accountability, and the strategic planning processes that contribute to future development of the Charities/IPCs.
    5 These funds are expendable at the discretion of the trustees/office bearers in furtherance of the Charities/IPCs objects.
    6 These are special funds held by the IPC that can only be applied for specific purposes.
    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 transactions should be disclosed in accordance with prescribed Singapore Financial Reporting Standards.
    9 This is computed according to the formula given in regulation 2 of the Charities (Institutions of a Public Character) (Amendment) 2008 Regulations. Details on the computation of this ratio can also be found on the Charity Portal.
    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.
    Copyright 2005 Singapore Millennium Foundation Ltd