​​​​​​​​​​​​​​​​​​Income​​
2021
(S$’000) 
2022
(S$’000) 
​​ 2023
(S$’000)
Growth %
2023 vs 2022 
​Donations in Cash




  • ​Tax Deductible
  • Non-Tax Deductible
295

66​


359

256


493

167


38%

-35%​​


Donations in Kind





  •  Tax Deductible
  • Non-Tax Deductible

-

-

-

-

-

-​

-


Grants / Sponsorships

-​
-
250​​


100% 


Investment income

3
22
88


306%

Others (please specify if material)
1
1
2


61%​


​Total Receipts

365
638
​1000
57%                
​​
​​​​​Expenses
2021
(S$’000)
2022
(S$’000) 
2023
(S$’000)  
Growth %
2023 vs 2022 ​ 
​​​Direct Fund-raising Expenses​
​-
​-
137
100%
Charitable Activities Expenses

  • Local
  • ​Overseas​
252

13
388

15
873

6
125%

-60%
Operating & Administration Expenses
17​
7
8
12%
Others (please specify if material)-
-
-
-
Total Expenditure  
281
410
1,023
150%
Excess / (Deficit)
84
228
-24
-110%
​​​

Balance Sheet ​

2021
(S$’000) 

2022
(S$’000) 

2023
(S$’000)  

Growth %
2023 vs 2022​ 

ASSETS 

   

 

Accounts Receivable

0.1

1.0

42

4068%

​Cash & Deposits

2,690

2,965

2,669

-10%

​Others
-​-​250​​100%​


Total Assets 
 

2,690 

2,966 

2,960 

 -0.2% 


FUNDS
 

 
  

 

Unrestricted Fund

2,474

2,623

2,815

7%

Restricted Fund

198

277

60

-78-%

Total Funds  

 2,672 

2,899 

2,876

-1%   

LIABILITIES  

   

 

Long-Term Liabilities  

-

-

-

-

Current Liabilities  

18

66

85

28​%

Total Liabilities

18 

66 

85  

28% 

Total Funds and Liabilities  

2,690 

2,966  

2,960 

 -0.2 

Other Information ​​


2021


2022


​2023

 

Donations/ Grants and Sponsorship 
given to other Charities (S$’000) 

-

-

-

 

No. of Employees 

-

-

-

 

Total Employee Cost ($’000) 

-

-

-

 

Total Related party Transaction ($’000) 

107

47

354

 

Fund-raising efficiency 

-

-

17%

 

Ratio of reserves to annual operating
​exp​enditure 

9.49​

7.08

2.81

 

*The financial information posted online is extracted from our audited accounts.

​Click he​re​​ for audited financial statement for WHCF