Extract of audited financial statements.
| Incoming Receipts |
*Jul 2007
-Oct 2008
(S$'000) |
*Nov 2008
-Oct 2009
(S$'000) |
2008-9
% of Total Receipts |
| Donations |
47,491 |
38,625 |
94.20% |
| Bible Training Centre Income |
1,183 |
952 |
2.32% |
| Gain on Sale of Subsidiary, Property, Plant & Equipment |
17 |
- |
0.00% |
| Miscellaneous |
804 |
1,427 |
3.48% |
| Total Receipts |
49,495 |
41,004 |
100.0% |
 |
| Expenses |
*Jul 2007
-Oct 2008
(S$'000) |
*Nov 2008
-Oct 2009
(S$'000) |
2008-9
% of Total Receipts |
| Audio & Lighting Ministry |
1,256 |
1,100 |
2.68% |
| Bible Training Centre Expenditure |
1,415 |
432 |
1.05% |
| Bus Hire |
22 |
34 |
0.08% |
| Capital Expenses (Depreciation) |
492 |
283 |
0.69% |
| Children's Church |
843 |
725 |
1.77% |
| Chinese & Dialect (Cantonese/Hokkien) Church |
531 |
434 |
1.06% |
| Christian Television Broadcast & Mass Media |
793 |
1,039 |
2.53% |
| Church Television Ministry |
2,105 |
1,374 |
3.35% |
| Creative Ministries |
371 |
397 |
0.97% |
| Discipleship & Training |
168 |
188 |
0.46% |
| Indonesia Church |
38 |
18 |
0.04% |
| Internet Broadcast |
573 |
432 |
1.05% |
| JB Ministry |
47 |
54 |
0.13% |
| Jesus for All Minds (JAMS) Church |
214 |
166 |
0.40% |
| Local Community & Charity Work |
4,556 |
2,903 |
7.08% |
| Mission Support & Church Planting |
9,599 |
4,904 |
11.96% |
| Other Operating & Administration Expenses |
10,345 |
7,884 |
19.23% |
| Others** |
974 |
373 |
0.91% |
| Outreach Materials |
647 |
45 |
0.11% |
| Rental Expenses |
2,942 |
1,778 |
4.34% |
| Special Events (Big Days) |
1,821 |
6,115 |
14.91% |
| Staff Salaries & Allowances*** |
10,706 |
9,290 |
22.66% |
| Tamil Ministry |
5 |
5 |
0.01% |
| Total Expenditure |
50,462 |
39,973 |
97.49% |
| Excess / (Deficit) |
-967 |
1,031 |
3% |
| * |
Due to the change in CHC's financial period, the information presented covers the following:
2007/08 covers a 16-month period from 1 July 2007 to 31 October 2008
2008/09 covers a 12-month period from 1 November 2008 to 31 October 2009 |
|
| ** |
Others: Refers to Provision of Doubtful Receivables, Investments & Loss on Disposal of Assets. This is an impairment (unrealized loss) as required by FRS 37, FRS 39, FRS 16.” |
|
| *** |
Staff Salaries & Allowances:
2007/08 covers an 16-month period and includes AWS + 1.5 month bonus + 0.5 month
2008/09 covers a 12-month period and includes AWS + 0.5 month bonus + 0-2 months bonus given out in May 09
(above are given according to the prevailing civil service practice) |
|
|
| Balance Sheet |
*Jul 2007
-Oct 2008
(S$'000) |
*Nov 2008
-Oct 2009
(S$'000) |
| Non-Current Assets |
| Property, Plant & Equipment |
38,499 |
33,007 |
| Available-for-sale financial assets |
35,720 |
18,175 |
| Sundry Receivables |
934 |
11,837 |
| Investment Property |
2,125 |
1,745 |
| Others |
25 |
25 |
| Current Assets |
| Sundry Receivables |
5,829 |
14,355 |
| Bank, Cash & Fixed Deposits Balances |
4,712 |
31,955 |
| Total Assets |
87,844 |
111,099 |
| Funds |
| Accumulated Fund |
4,962 |
5,993 |
| Asset Capitalisation Reserve |
37,909 |
32,509 |
| Building Fund |
40,630 |
64,973 |
| Total Funds |
83,501 |
103,475 |
| Liabilities |
| Long Term Liabilities |
94 |
1,526 |
| Current Liabilities |
4,249 |
6,098 |
| Total Liabilities |
4,343 |
7,624 |
| Total Funds & Liabilities |
87,844 |
111,099 |
|
| Other Information |
Jul-2007
-Oct 2008
(S$'000) |
Nov-2008
-Oct 2009
(S$'000) |
| No. of Employees |
138 |
150 |
| Total Employee Costs (S$'000) # |
10,706 |
9,290 |
|
| # |
Staff Salaries & Allowances:
2007/08 covers a 16-month period and includes AWS + 1.5 month bonus + 0.5 month bonus given out in July 07 and July 08
2008/09 covers a 12-month period and includes AWS + 0.5 month bonus + 0-2 months bonus given out in May 09
(above are given according to the prevailing civil service practice) |
|
|
