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Financial and Non-Financial Information



Financial Information

Incoming Receipts Description
2004
S$
2005
S$
Donations/Sponsorships (includes those received from members under NAC's Central Fund) Donations include all contributions - in cash or in kind
- Tax Deductible
- Non-Tax Deductible
 
8,550,027
621,229
10,710,497
1,335,256
       
Govt Grants All govt grants received.
33,450,346
36,724,543
       
Membership fees Subscription and entrance fees received from members.
0
0
       
Investment Income Includes    
  - Interest income from bank accounts and deposits
656,094
751,039
  - Gross dividends from shares
338,319
319,313
       
Rental Income Gross rental (including rental from properties, equipment, theatres etc).
5,762,116
6,276,993
       
Investment Gains
Gains from sale of investments such as equities/properties etc.
601,735
198,037
       
Others
Other sources of income which do not fall within any of the classifications.
1,499,354
2,358,961
Total Receipts
51,479,220
58,674,639

Expenses Description
2004
S$
2005
S$
Arts Programming and Artists Development Expenses
- Local
- Overseas
Expenses incurred to meet the NAC's objectives within and outside of Singapore.
E.g. Grants to artists, expenses for organising arts events etc
 
 
 
33,922,589
1,650,605
 
 
 
38,146,134
0
       
Operating/Administration Expenses
Expenses incurred for operating and administrative purposes.
5,148,493
6,500,732
       
Fundraising Expenses incurred in relation to fundraising activities.
0
0
       
Publicity Expenses incurred in publicising the objectives and activities of the charity.
516,850
 
465,189
       
Capital Expenses Expenses incurred for the acquisition of capital assets e.g. furniture and fittings, computer software, office equipment, arts housing properties etc.
2,945,169
5,138,840
       
Disbursements to members under NAC's Central Fund The outflow of the donations back to the members under NAC's Central Fund.
6,014,882
7,899,305
       
Depreciation Depreciation of fixed assets
3,628,393
3,422,501
       
Others
Other expenses which do not fall within any of the earlier classifications.
215,629
579,814
Total Expenditure
54,042,610
62,152,515
Excess (Deficit)
(2,563,390)
(3,477,876)

BALANCE SHEET Description
2004
S$
2005
S$
ASSETS  
Land and Building Value of all land and building owned by charity. Value stated at cost/market values less accumulated depreciation and disposal.
9,237,342
8,749,024
       
Tangible Assets Fixed Assets (e.g. furniture and fixtures, equipment, etc) valued at cost/market value less accumulated depreciation and disposal.
16,940,004
18,652,893
       
Long-term Investments Investments held on long term basis. Valued at cost/market value less amortisation.
0
0
       
Inventories Valued at cost/net realisable value less provision for obsolescence, if any.
0
0
       
Accounts Receivable All receivables including debtors less provision for doubtful debts and bad debts written off.
2,291,358
8,068,587
       
Cash & Deposits Include cash and bank balances and fixed deposits.
21,602,657
16,695,978
       
Others (incl. assets of trust funds) Any other assets which do not fall within any of the earlier classifications.

33,540,333
36,988,933
Total Assets
83,611,694
89,155,415
       
FUNDS
     
General Fund Current, accumulated or unrestricted funds.
(including issued shares)
18,456,832
19,886,519
       
Trust Funds All monies held in trust by NAC.
10,454,987
12,456,330
       
Endowment Fund A category of restricted fund where the endowment fund's capital is preserved.
16,255,467
16,255,467
Total Funds
45,167,286
48,598,316
       
LIABILITIES      
Long-Term Liabilities Liabilities that are due for payment after more than 12 months (which includes deferred capital grants)
26,054,989
 
27,629,633
 
       
Current Liabilities
Liabilities that are due for payment within 12 months. e.g. all payables including creditors and accruals.
12,389,419
12,927,466
Total Liabilities
38,444,408
40,557,099
Total Liabilities and Funds
83,611,694
89,155,415

Other Information Description
2004
2005
   
S$
S$
Donations given to other Charities The total amount of donations (including sponsorships) made to other charities.
0
0
       
Grants given to other Charities  
0
0
       
No. of Employees Includes full-time, part-time and contract staff.

166
226
Total Employee Costs
(incl. staff welfare & development expenses)
Total remuneration paid to staff (including full-time, part-time and contract staff.)
9,461,312
9,983,945

Source: NAC Annual Report



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Non-Financial Information
Name of Organisation: National Arts Council
Address: 140 Hill Street, #03-01
MICA Building Singapore 179369
Website Address: www.nac.gov.sg

Contact Information
Nigel Sim
Tel: 68379730
Fax: 68373019
Asst Director/Corporate Communications
Email Address: nigel_sim@nac.gov.sg

Kim May
Tel: 68379574
Fax: 68373019
Asst Director/Corporate Communications
Email Address: kim_may@nac.gov.sg

Ng Boey Lan
Tel: 68379701
Fax: 68373010
Asst Director/Finance
Email Address: ng_boey_lan@nac.gov.sg

Charity Status
Charity Regn No: Exempted
Charity Regn Date: 31 Oct 1992
Constitution: National Arts Council Act (Chapter 193A)
Date of Establishment: 17 August 1991
ROS/RCB Regn No: Not Applicable

IPC Status
Effective Date: 1/8/2003 - 31/7/2008

Objectives
Vision/Mission
Vision: To develop Singapore as a distinctive global city for the arts.
Mission: To nurture the arts and make it an integral part of the lives of the people of Singapore.

Support For the Arts Fund, which is a fund set up by NAC for charitable purposes and registered as a charity, was granted IPC status from 1/8/2003 to 31/7/2008.

No. of Beneficiaries: Nil

Programmes/Activities
Development of arts talents, artists, arts companies & arts businesses. International promotion, cultural exchanges; organisation of international festivals and events. Development of audience and support for the arts; arts infrastructure, arts manpower planning, investment promotion and arts housing.

Patron
Mr S R Nathan

Council Members: From 1 Sep 2006 to 31 Aug 2008
Mr Edmund Cheng Wai Wing (Chairman)
Mr Lee Suan Hiang
Mr Chua Thian Poh
Mr Lim Neo Chian
Mr Ng Cher Pong
Ms Ho Peng
Mr Sarkasi bin Said
Mr Philip Antony Jeyaretnam
Mr Kwek Leng Joo
Mr Lee Tzu Yang
Mr Seow Choke Meng
Mr Ong Ken Sen
Prof. Jeremy Monteiro
Dr Finian Tan Seng Chin
Mr Tan Boon Huat
Ms Priscylla Shaw
Ms Vera Ong
Mr Hsieh Fu Hua

Key Employees
Mr Lee Suan Hiang
Chief Executive Officer

Mr Khor Kok Wah
Deputy CEO and Director/Literary Arts

Ms Goh Ching Lee
Senior Director/Performing Arts and
Director/Singapore Arts Festival

Ms Elaine Ng
Director/Performing Arts Development

Mr Lim Chwee Seng
Director/Resource Development and
Director/Visual Arts

Ms Chua Ai Liang
Director/Audience Development

Mrs Susan Loh
Director/Market Development & Corporate Communications

Dr Woon Kin Chung
Senior Director/Planning and
Senior Director/Corporate Services

Auditor
Deloitte & Touche

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