Financial & Non-Financial Information

Annual Report

Financial Information (Last update: 30 June 2016)

INCOME AND EXPENSES 2013         (S$’000) 2014         (S$’000) 2015         (S$’000) % Increase/ (Decrease)
Receipts
Donations  – CPF Check-Off Scheme (Operation) $12,203 $12,873 $21,177 65%
                  – Direct Donations (Operation) $303 $349 $456 31%
                  – Direct Donations (Endowment) $267 $361 $2,231 > 100%
                  – Fund Raising Charity Dinner (Endowment) $0 $8,962 $6,160 -31%
Grants/Sponsorships (Government Agencies) (Operation) $3,953 $4,150 $4,855 17%
Net Investment Income (Operation) $90 $148 $133 -10%
Net Investment Income (Endowment) $755 $731 $782 7%
Other Income (Fee & others) (Operation) $1,523 $1,864 $2,402 29%
Other Income (Fee & others) (Endowment) $6 $15 $20 33%
Total Receipts- Operation $18,072 $19,384 $29,023 50%
Total Receipts- Endowment $1,028 $10,069 $9,193 -9%
Expenses
Direct Fundraising Expenses (Endowment) $0 $161 $0 -100%
Direct Charitable Expenses (Local)
 –  Operation Fund $19,943 $21,673 $24,232 12%
 –  Endowment Fund $0 $0 $0 0%
Operating/Administration Expenses/Others (Operation- Note) $2,025 $2,157 $2,295 6%
Total Expenses- Operation $21,968 $23,830 $26,527 11%
Total Expenses- Endowment $0 $161 $0 -100%
Excess/(Deficit)- Operation ($3,896) ($4,446) $2,496 156%
Excess/(Deficit)- Endowment $1,028 $9,908 $9,193 -7%
Note:  Include fee paid to CPF Board and Singapore Land Authority
BALANCE SHEET 2013        (S$’000) 2014        (S$’000) 2015        (S$’000) % Increase/ (Decrease)
Assets
Tangible Assets (Property & Equipment) $1,931 $1,432 $1,198 -16%
Interest in Associate $0 $0 $500 100%
Investments $45,032 $50,302 $56,163 12%
Inventories (Tuition Curriculum Materials) $61 $46 $27 -41%
Accounts Receivables $1,229 $1,386 $2,132 54%
Other Receivables (include prepayments) $368 $280 $573 105%
Cash & Deposits (Include Fixed Deposits) $4,246 $4,455 $9,509 113%
Total Assets- Operation $10,228 $8,049 $11,973 49%
Total Assets- Endowment $42,639 $49,852 $58,129 17%
Funds
General Fund – Operation Fund (include fair value reserve) $6,233 $4,500 $7,900 76%
Endowment Fund (include fair value reserve) $42,584 $49,780 $58,066 17%
Total Funds (include fair value reserve) $48,817 $54,280 $65,966 22%
Liabilities
Current Liabilities (Operation) $3,995 $3,549 $4,073 15%
Current Liabilities (Endowment) $55 $72 $63 -13%
Total Liabilities and Funds- Operation $10,228 $8,049 $11,973 49%
Total Liabilities and Funds- Endowment $42,639 $49,852 $58,129 17%
OTHER INFORMATION 2013 2014 2015 % Increase/ (Decrease)
Donations/Grants and Sponsorships given to other Charities $0 $0 $0 0%
Total number of Employees (at year end) 75 87 98 13%
Total Related Party Transactions (at year end) 0 0 0 0%
Total Employee Costs ($’000) $5,465 $5,821 $7,127 22%
Ratio of Operating Reserve to Annual Operating Expenses 0.28 0.19 0.30 58%

Non-Financial Information (Last update: 30 June 2016)

Name of Organisation

CHINESE DEVELOPMENT ASSISTANCE COUNCIL (CDAC)

Address

CDAC BUILDING
65 TANJONG KATONG ROAD
SINGAPORE 436957

Charity Status

Charity Reg Number: 00883
Charity Reg Date: 23 July 1992
Constitution: Company (limited by guarantee)
Date of Establishment : 22 May 1992
Registration Number: 199202625K

Institution of Public Character (IPC) Status

Effective Date: 22 May 2012 to 21 May 2017

Key Employee

Mr Pok Cheng Chong, Executive Director

Auditors

KPMG LLP

Objectives of CDAC

  • To support, foster and promote socio-economic, educational and skills development of the less privileged of the Chinese community in Singapore;
  • To promote the educational performance of students from low-income families in all fields and to participate, aid and assist in educational programmes and undertakings to raise their educational level; and
  • To formulate ways and means to help working adults to improve their skills and earning capacities.

Mission and Vision

Our Mission: “To nurture and develop the potential of the Chinese community in contributing to the continued success of multi-racial Singapore”

Our Vision: Committed and Trusted Organisation, Empowered and Caring Community

Programmes/Activities

In 2015, CDAC offered about 46,000 places in education and enrichment programmes for students and assisted about 8,000 students with bursary and other support schemes.

We provided more than 6,000 skills training awards for low-skill, low-income workers to enhance their employability and helped another 1,000 job seekers to secure employment through career guidance and job matching service.

More than 12,000 low-income families were supported with financial and other assistance to strengthen their resilience and encourage them to become independent.

For 2016, CDAC continues to focus on helping our three key target groups, students, workers and families through our Education Programme, Workers’ Upgrading Programme and Family Workfare and Support Programme to move forward for social mobility. In particular, CDAC would provide holistic support to students and their families, sharpen the focus on our programmes for workers and families, and develop more programmes for seniors.

Contact Information

Ms Gam Huey Yi, Stakeholders Communications
Ms Elaine Ee, Corporate Services
Telephone Number:       6841 4889
Fax Number:                      6841 4882
Email Address:                 
Website Address:            www.cdac.org.sg