 |
|
Extract of audited financial statements.
| Incoming Receipts |
2003
(S$'000) |
2004
(S$'000) |
2005
(S$'000) |
*Jan 2006
-Jun 2007
(S$'000) |
2006-7%
of Total Receipts |
| Donations |
18,916 |
25,219 |
24,947 |
46,073 |
96.7% |
| Bible Training Centre Income |
282 |
395 |
513 |
943 |
1.98% |
| Gain on Sale of Subsidiary, Property, Plant & Equipment |
0 |
74 |
0 |
0 |
0% |
| Miscellaneous |
278 |
401 |
600 |
627 |
1.32% |
| Total Receipts |
19,476 |
26,089 |
26,060 |
47,643 |
100.0% |
|
| Expenses |
2003
(S$'000) |
2004
(S$'000) |
2005
(S$'000) |
*Jan 2006
-Jun 2007
(S$'000) |
2006-7%
of Total Receipts |
| Audio & Lighting Ministry |
81 |
248 |
289 |
1,387 |
2.91% |
| Bible Training Centre Expenditure |
460 |
918 |
618 |
782 |
1.64% |
| Bus Hire |
731 |
740 |
472 |
84 |
0.18% |
| Capital Expenses (Depreciation) |
31 |
372 |
473 |
580 |
1.22% |
| Children's Church |
474 |
522 |
459 |
808 |
1.7% |
| Chinese & Dialect (Cantonese/Hokkien) Church |
274 |
296 |
312 |
546 |
1.15% |
| Christian Television Broadcast & Mass Media |
7 |
246 |
356 |
849 |
1.78% |
| Church Television Ministry |
177 |
151 |
183 |
1,508 |
3.17% |
| Creative Ministries |
280 |
311 |
187 |
347 |
0.73% |
| Deficit of Food & Others |
0 |
0 |
416 |
0 |
1% |
| Discipleship & Training |
193 |
497 |
145 |
258 |
0.54% |
| Internet Broadcast |
46 |
286 |
340 |
635 |
1.33% |
| Jesus for All Minds (JAMS) Church |
149 |
134 |
139 |
211 |
0.44% |
| Local Community amp; Charity Work |
1,062 |
1,494 |
1,470 |
2,913 |
6.11% |
| Mission Support & Church Planting |
3,161 |
2,220 |
2,594 |
8,656 |
18.17% |
| Other Operating & Administration Expenses |
3,986 |
4,661 |
5,675 |
11,653 |
24.46% |
| Others** |
18 |
0 |
6 |
2 |
0% |
| Outreach Materials |
182 |
1,087 |
1,280 |
1,587 |
3.33% |
| Rental Expenses |
1,031 |
888 |
1,324 |
1,399 |
2.94% |
| Special Events (Big Days) |
555 |
1,797 |
2,287 |
3,842 |
8.06% |
| Staff Salaries & Allowances*** |
4,807 |
4,772 |
5,214 |
10,036 |
21.07% |
| Total Expenditure |
17,705 |
21,622 |
24,329 |
48,084 |
100.93% |
| Excess / (Deficit) |
1,771 |
4,467 |
1,821 |
(441) |
-1% |
| * |
Due to the change in CHC's financial period, the
information presented covers the
18-month period from 1 January 2006
to 30 June 2007 |
|
| ** |
Others: Refers to Bad Debts Written Off & Loss on Disposal
of Assets |
|
| *** |
Staff Salaries & Allowances: 2005 covers 13-month period
whereas 2006/07 covers
18-month period and includes 2.2 months
bonus according to the prevailing civil service practice |
|
|
| Balance Sheet |
2003
(S$'000) |
2004
(S$'000) |
2005
(S$'000) |
Jan 2006
-Jun 2007
(S$'000) |
| Fixed Assets |
| Property, Plant & Equipment |
47,892 |
45,012 |
46,560 |
42,079 |
| Investment in Subsidiary |
10 |
0 |
0 |
0 |
| Others |
25 |
25 |
25 |
25 |
| Current Assets |
| Investments |
1,246 |
1,179 |
1,689 |
500 |
| Inventories |
1 |
24 |
0 |
0 |
| Sundry Receivables |
1,274 |
2,010 |
3,804 |
9,314 |
| Bank & Cash Balances |
897 |
2,800 |
13,825 |
27,042 |
| Total Assets |
51,345 |
51,050 |
65,903 |
78,960 |
| Funds |
| Accumulated Fund |
1,531 |
4,549 |
6,370 |
5,929 |
| Asset Capitalisation Reserve |
40,313 |
37,099 |
45,571 |
41,441 |
| Building Fund |
1,600 |
1,388 |
3,252 |
24,459 |
| Total Funds |
43,444 |
43,036 |
55,193 |
71,829 |
| Liabilities |
| Long Term Liabilities |
7,105 |
7,263 |
4,849 |
1,973 |
| Current Liabilities |
796 |
751 |
5,861 |
5,158 |
| Total Liabilities |
7,901 |
8,014 |
10,710 |
7,131 |
| Total Funds & Liabilities |
51,345 |
51,050 |
65,903 |
78,960 |
|
| Other Information |
2003
(S$'000) |
2004
(S$'000) |
2005
(S$'000) |
Jan 2006
-Jun 2007
(S$'000) |
| No. of Employees |
136 |
137 |
129 |
128 |
| Total Employee Costs (S$'000) # |
4,807 |
4,772 |
5,214 |
10,036 |
|
| # |
Staff Salaries & Allowances: 2005 covers 13-month period
whereas 2006/07 covers
18-month period and includes 2.2 months
bonus according to the prevailing civil service practice |
|
|
|
|
