National Skin Centre Health Endowment Fund
The National Skin Centre Health Endowment Fund (the Fund) was registered as a Charity under the Singapore Charities Act, Chapter 37 on 6 March 2000. The Fund is an approved Institution of a Public Character (IPC) and is valid until 31 December 2019.
| Organization Profile Details |
| Organization Name |
National Skin Centre Health Endowment Fund |
| Address |
1 Mandalay Road, Singapore 308205 |
| UEN No. |
T00CC1423K |
| Committee Members |
Ms Tan Beng Neo Eunice, Chairman
Dr Teoh Hoon Cheow, Advisor
Adj. A/Prof Lim Yean Teng, Member
A/Prof Lee Lai Heng, Member
Mr Seow Choke Meng, Member
|
| Auditor |
KPMG |
| Bankers |
1. Development Bank of Singapore Ltd
2. United Overseas Bank Ltd
|
| Contact person |
Ms Loo Swee Cheng |
| Telephone No |
63508478 |
| Fax No |
62533225 |
| Email Address |
nscfinance@nsc.com.sg |
| Website |
www.nsc.com.sg |
|
Objectives
|
| The National Skin Centre Health Endowment Fund was established on 11 July 1995 to receive donations towards the pursuit of medical research and development and improvement to health services in Singapore. |
Programs / Activities
|
The Fund supported the following charitable activities during FY2019.
(1) Fund-raising
Donations received in FY2018 totalled $104,447. These were contributions from the donors to support our fund raising campaign Act NOW! . This includes the donation received through the donation boxes placed in NSC.
(2) Medical research projects
The committee approved the funding to support a Research Training Fellowship to enhance research capabilities. The amount claimed during the year was amounting to $29,837.
(3) Financial assistance to patient
The Fund provided medication assistance to needy patients diagnosed with eczema whose are prescribed with retail items not supported by medifund. The amount claimed in FY2018 was $82.
(4) Charity Clinic
The Fund continues to support the charity clinic at Singapore Christian Home for the aged. The volunteer doctors from NSC visited the Home to provide free consultation during the weekends. There were no claims for medication during the year.
(5) Support nursing training program
The fund supported the Singapore Nurses Association (SNA) in providing basic skin and wound care training to the community resident volunteers. The program received positive feedback from the volunteers who attended the training program. The amount disbursed in FY2018 was $1,657.
|
FUTURE PLANS AND COMMITMENTS
|
NSC’s fund-raising campaign, Act NOW! (Aspire, Cure, Transform) was introduced in March 2018. The four key pillars were identified, namely Research, Patient Care, Global Impact and Infrastructure. The target is to raise $5 million over 5 years.
(1) Research
The donation to the Research will be used for training and developing Clinician Researchers and Clinician Scientists for the research track, leveraging on our access to our pool of patients. Seed funding can also be provided for population health, basic science, predictive and prevention medicine in the research of itch.
(2) Patient care
The donation to patient care is intended to support needy patients requiring new and novel treatments.
(3) Global Impact on Developing Nations
The donation is intended to defray costs in organising international conferences to share learning and best practices from thought leaders around the world.
(4) Infrastructure
The donation to support the infrastructure will provide donors with naming rights opportunities in NSC’s new building including the Auditorium, Day Treatment Centre, Research Laboratories and Patient Education Centre.
|
| Financial Information |
| |
|
|
|
|
FY2018
S$'000 |
FY2017
S$'000 |
FY2016
S$'000 |
| RECEIPTS |
|
|
|
| |
|
|
|
| Donations in Cash |
|
|
|
| Tax Deductible |
103 |
- |
- |
| Non-Tax Deductible |
1 |
3 |
4 |
| Total Donations in Cash |
104 |
3 |
4 |
| |
|
|
|
Donations in Kind
|
|
|
|
| Tax Deductible |
- |
- |
- |
| Non-Tax Deductible |
- |
- |
- |
| Total Donations in Kind |
- |
- |
- |
| |
|
|
|
| Government Grants |
- |
- |
- |
| Investment Income |
117 |
130 |
40 |
| Programme Fees |
- |
- |
- |
| Other Income |
- |
- |
- |
| |
|
|
|
| TOTAL RECEIPTS |
221 |
133
|
44
|
| |
|
|
|
| EXPENSES |
|
|
|
| |
|
|
|
| Fund-Raising Expenses |
- |
- |
- |
| Charitable Activities Expenses |
32 |
2 |
3 |
| Others Expenses |
9 |
9 |
23 |
| TOTAL EXPENSES |
41 |
11 |
26 |
| |
|
|
|
| SURPLUS / (DEFICIT) |
180 |
122 |
18 |
| BALANCE SHEET |
FY2018
S$'000 |
FY2017
S$'000 |
FY2016
S$'000 |
ASSETS
|
| Investments |
1,250 |
1,190 |
1,120 |
| Inventories |
- |
- |
- |
| Accounts Receivable |
- |
- |
- |
| Cash & Deposits |
2,285 |
2,171 |
2,120 |
| Others Assets |
21 |
15 |
14 |
TOTAL ASSETS
|
3,556 |
3,376 |
3,254 |
| |
|
|
|
| FUNDS |
| Total Unrestricted Fund |
- |
- |
- |
| Total Restricted Fund |
- |
- |
- |
| Endowment Fund |
3,548 |
3,368 |
3,246 |
| TOTAL FUNDS |
3,548 |
3,368 |
3,246 |
| |
|
|
|
| LIABILITIES |
| Total Current Liabilities |
8 |
8 |
8 |
| Total Non Current Liabilities |
- |
- |
- |
| TOTAL LIABILITIES |
8 |
8 |
8 |
| TOTAL FUNDS AND LIABILITIES |
3,556 |
3,376 |
3,254 |
| OTHER INFORMATION |
FY2018 |
FY2017 |
FY2016 |
Donations / Grants and Sponsorships given to
other registered charities |
- |
- |
- |
| No. of Employees |
- |
- |
- |
| Total Employee Costs |
- |
- |
- |
| Fund-Raising Efficiency Ratio |
- |
- |
- |
| Total Related Party Transactions |
- |
- |
- |