Financial & Non-Financial Information

Annual Report

  • 2016

  • 2017

Programme Highlights

  • 2016/2017

  • 2017/2018

Financial Information (Last update: 27 June 2018)

INCOME AND EXPENSES 2015         (S$’000) 2016         (S$’000) 2017         (S$’000) % Increase/ (Decrease)
Receipts
Donations  – CPF Check-Off Scheme (Operation) $21,177 $22,880 $23,641 3%
              – Direct Donations (Operation) $456 $641 $467 -27%
              – Direct Donations (Endowment) $2,231 $425 $477 12%
              – Fund Raising Charity Dinner (Endowment) $6,160 $2,701 $0 -100%
Grants/Sponsorships (Government Agencies) (Operation) $4,855 $4,722 $4,431 -6%
Net Investment Income (Operation) $133 $133 $291 119%
Net Investment Income (Endowment) $782 $986 $1,771 80%
Other Income (Fee & others) (Operation) $2,402 $2,172 $1,925 -11%
Other Income (Fee & others) (Endowment) $20 $44 $26 -41%
Total Receipts- Operation $29,023 $30,548 $30,755 1%
Total Receipts- Endowment $9,193 $4,156 $2,274 -45%
Expenses        
Direct Fundraising Expenses (Endowment) $0 $0 $0 0%
Direct Charitable Expenses (Local)
 –  Operation Fund $24,232 $21,479 $21,935 2%
 –  Endowment Fund $0 $0 $0 0%
Operating/Administration Expenses/Others (Operation- Note 1) $2,295 $2,228 $2,313 4%
Share of loss of associate (Operation- Note 2) $0 $705 $98 -86%
Total Expenses- Operation $26,527 $24,412 $24,346 0%
Total Expenses- Endowment $0 $0 $0 0%
Excess/(Deficit)- Operation $2,496 $6,136 $6,409 4%
Excess/(Deficit)- Endowment $9,193 $4,156 $2,274 -45%

Note 1:  Include fee paid to CPF Board and Singapore Land Authority

Note 2:  In October 2015, CDAC, together with Singapore Indian Development Association, Yayasan MENDAKI, and the Eurasian Association incorporated Self Help Groups Student Care Limited (“SHGSCL”) to jointly operate student care centres in schools that serve students from all races.

BALANCE SHEET 2015        (S$’000) 2016        (S$’000) 2017        (S$’000) % Increase/ (Decrease)
Assets
Tangible Assets (Property & Equipment) $1,198 $1,060 $1,110 5%
Interest in Associate $500 $295 $1,197 306%
Investments (Net of derivative liabilities) $56,163 $64,314 $66,380 3%
Inventories (Tuition Curriculum Materials) $27 $23 $30 30%
Accounts Receivables $2,132 $2,194 $2,222 1%
Other Receivables (include prepayments) $573 $562 $678 21%
Cash & Deposits (Include Fixed Deposits) $9,509 $12,603 $17,214 37%
Total Assets- Operation $11,973 $18,727 $24,216 29%
Total Assets- Endowment $58,129 $62,324 $64,615 4%
Funds
General Fund – Operation Fund (include fair value reserve) $7,900 $14,036 $20,446 46%
Endowment Fund (include fair value reserve) $58,066 $62,222 $64,495 4%
Total Funds (include fair value reserve) $65,966 $76,258 $84,941 11%
Liabilities
Current Liabilities (Operation) $4,073 $4,691 $3,770 -20%
Current Liabilities (Endowment) $63 $102 $120 18%
Total Liabilities and Funds- Operation $11,973 $18,727 $24,216 29%
Total Liabilities and Funds- Endowment $58,129 $62,324 $64,615 4%
OTHER INFORMATION 2015 2016 2017 % Increase/ (Decrease)
Donations/Grants and Sponsorships given to other Charities $0 $0 $0 0%
Total number of Employees (at year end) 98 84 93 11%
Total Related Party Transactions ($’000) 0 65 0 -100%
Total Employee Costs ($’000) $7,127 $6,095 $6,885 13%
Ratio of Operating Reserve to Annual Operating Expenses 0.30 0.57 0.84 47%

Non-Financial Information (Last update: 27 June 2018)

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 2017 to 21 May 2022

Key Employee

Mr Pok Cheng Chong, Executive Director

Auditors

KPMG LLP

Objectives of CDAC

Jointly set up by the Singapore Federation of Chinese Clan Associations (SFCCA) and Singapore Chinese Chamber of Commerce and Industry (SCCCI) in 1992, the Chinese Development Assistance Council (CDAC) is a non-profit self-help group for the Chinese community.

CDAC offers programmes and assistance schemes to help the less privileged in the community to maximise their potential and strive for social mobility through self-help and mutual support.

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 2017, CDAC reached out to more than 20,000 lower income households through educational and development programmes, bursary and subsidy schemes for needy students, fulfilling ageing activities for seniors and financial assistance and employment support for families. Please refer to our Programme Highlights 2017/2018 for more information on CDAC programmes and achievements.

In 2018, CDAC will continue to support students and families through broad-based programmes to help them strive for upward social mobility. At the same time, CDAC will also focus on deepening help for the more vulnerable families by providing holistic integrated support to help them achieve self-reliance.

CDAC will continue to enhance its outreach and engagement efforts to uplift more families through more collaborative efforts with network partners and volunteers.

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