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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. | |