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Name of Organisation:
Spirit of Enterprise Limited
Address:
41 Namly Avenue
Singapore Institute of Management, Business Centre
Executive Office
Singapore 267616
__________________________________________________________________
Contact Details:
Name of Contact Person: Kelly Teoh
Telephone No: 64635011
Fax No: 64635022
Email Address: enquiry@soe.org.sg
Web-site Address: www.soe.org.sg
__________________________________________________________________
Charity Status:
Charity Regn No: 01696
Charity Regn Date: 27 May 2003
Constitution: Company Limited by guarantee
Date of Establishment: 21 February 2003
ROS/RCB Regn No: 200301515E
__________________________________________________________________
IPC Status:
Effective Date: 1 Dec 2003
__________________________________________________________________
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Objectives:
SOE promotes and advances entrepreneurial spirit in Singapore by honouring local entrepreneurs operating small and medium size businesses.
Vision/Mission:
To Honour And Inspire Entrepreneurs
Patrons
Mr Tan Kin Lian
Mr Russell Miller
Mr Richard Eu
Mr Goh Kai Kui
Board Members
Mr Michael Ma, President
Mr Eugene Yang, Treasurer
Ms Serena Wee,
Key Employees
Ms Kelly Teoh, Executive Director
Auditor
RSM Chio Lim
__________________________________________________________________
Programs/Activities
* For Year 2010:
- Spirit of Enterprise Awards
- Student-Entrepreneur Programme
- SOE Books on Entrepreneurship
- SOE Mentorship Programme
- SOE Alumni Programme
- SOE Talk Series
* For Year 2009:
- Spirit of Enterprise Awards
- Student-Entrepreneur Programme
- SOE Books on Entrepreneurship
- SOE Mentorship Programme
- SOE Alumni Programme
* For Year 2008:
- Spirit of Enterprise Awards
- Student-Entrepreneur Programme
- SOE Books on Entrepreneurship
- SOE Mentorship Programme
- SOE Alumni Programme
* For Year 2007:
- Spirit of Enterprise Awards
- Student-Entrepreneur Programme
- SOE Books on Entrepreneurship
- SOE Alumni Programme
* For Year 2006:
- Spirit of Enterprise Awards
- Student-Entrepreneur Programme
- SOE Books on Entrepreneurship
__________________________________________________________________
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| INCOME |
2006
(S$) |
2007
(S$) |
2008
(S$) |
2009
(S$) |
2010
(S$) |
% Increase/(Decrease)
[Year 4 on Year 3] |
Donations in Cash
- Tax Deductible
- Non-Tax Deductible1 |
100,300 |
143,000 |
140,008 |
97,404 |
200,809 |
(106%) |
Donations in Kind
- Tax Deductible
- Non-Tax Deductible
|
NA
NA |
-
7,560 |
-
7,704 |
-
7,704 |
-
7,704 |
-
0% |
| Grants / Sponsorships |
NA |
NA |
NA |
4,700 |
1,575 |
(66%) |
| Investment Income |
NA |
NA |
NA |
NA |
NA |
NA |
| Invesment gains |
NA |
NA |
NA |
NA |
NA |
NA |
| Others (please specify if material |
17,272 |
44,956 |
59,036 |
49,287 |
101,883 |
107% |
| Total Income |
117,572 |
195,516 |
206,748 |
159,095 |
311,971 |
96% |
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| EXPENSES |
2006
(S$) |
2007
(S$) |
2008
(S$) |
2009
(S$) |
2010
(S$) |
% Increase/(Decrease)
[Year 4 on Year 3] |
| Direct Fund-raising Expenses2 |
NA
|
NA
|
NA
|
NA
|
NA
|
NA
|
Charitable Activities Expenses3
- Local
- Overseas
|
NA |
NA |
NA |
NA |
NA |
NA |
| Other Operating & Administration Expenses4 |
177,219 |
194,846 |
204,474 |
194,851 |
235,449 |
21% |
| Others (please specify if material) |
|
|
|
|
|
|
| Total Expenditure |
177,219 |
194,846 |
204,474 |
194,851 |
235,449 |
21% |
| Surplus / (Deficit) |
(59,647) |
670 |
2,274 |
(35,756) |
76,522 |
(314%) |
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| BALANCE SHEET |
2006
(S$) |
2007
(S$) |
2008
(S$) |
2009
(S$) |
2010
(S$) |
% Increase/(Decrease)
[Year 4 on Year 3] |
| ASSET |
|
|
|
|
|
|
| Land and Building |
NA |
NA |
NA |
NA |
NA |
NA |
| Other Tangible Assets |
363 |
- |
- |
- |
2174 |
2174% |
| Investments |
NA |
NA |
NA |
NA |
NA |
NA |
| Inventories |
NA |
NA |
NA |
NA |
NA |
NA |
| Accounts Receivable |
NA |
NA |
NA |
3,209/td>
| 3,887 |
21% |
| Cash & Deposits |
76,327 |
71,423 |
77,007 |
57,302 |
123,459 |
115% |
| Others (Please Specify if material) |
1,102 |
9,209 |
10,669 |
536 |
662 |
24% |
| Total Asset |
77,792 |
80,632 |
87,676 |
61,047 |
130,182 |
113% |
| |
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|
|
|
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| FUNDS |
|
|
|
|
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|
| Unrestricted Fund5 |
70,965 |
71,635 |
73,909 |
38,153 |
114,675 |
201% |
| Restricted Fund6 |
NA |
NA |
NA |
NA |
NA |
NA |
| Endowment Fund7 |
NA |
NA |
NA |
NA |
NA |
NA |
| Total Funds |
70,965 |
71,635 |
73,909 |
38,153 |
114,675 |
201% |
| |
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| LIABILITIES |
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|
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| Long-Term Liabilities |
NA |
NA |
NA |
NA |
NA |
NA |
| Current Liabilities |
6,827 |
8,997 |
13,767 |
22,894 |
15,507 |
(32%) |
| Total Liabilities |
6,827 |
8,997 |
13,767 |
22,894 |
15,507 |
(32%) |
| |
|
|
|
|
|
|
| Total Funds and Liabilities |
77,792 |
80,632 |
87,676 |
61,047 |
130,182 |
113% |
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| OTHER INFORMATION |
2006
(S$) |
2007
(S$) |
2008
(S$) |
2009
(S$) |
2010br>
(S$) |
% Increase/(Decrease)
[Year 4 on Year 3] |
| Donations/Grants and Sponsorships given to otther Charities (S$) |
NA |
NA |
NA |
NA |
NA |
NA |
| No. of Employees |
1 |
1 |
1 |
1 |
1 |
- |
| Total Employee Costs (S$) |
48,718 |
69,578 |
76,470 |
72,332 |
79,664 |
(9%) |
| Total Related Party Transactions (S$)8 |
NA |
NA |
NA |
NA |
NA |
NA |
| Fund-raising efficiency 9 |
100% |
100% |
100% |
100% |
100% |
- |
| Ratio of reserves to annual operating expenditure10 |
40% |
37% |
36% |
20% |
49% |
29% |
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1These include donations collected through flag days, donations that entail benefits to the donors and donations received for overseas purposes.
2This refers to costs directly incurred and paid for during fund-raising. They include such costs as advertisements, printing, publicity materials, rental of premises, logistics, hiring of commercial third-party fund-raisers, organizing games of chance, etc.
3These are all resources applied by the charity in undertaking its work to meet its charitable objectives in the delivery of goods and services. Such costs include the direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken
4These are expenses which relate to the general running of the charity that provide the governance infrastructure which allows the charity to operate, to generate the information required for public accountability, and the strategic planning processes that contribute to future development of the charity.
5These are generally unrestricted funds which the IPC is free to use for its programmes and operating costs e.g. General Fund.
6These are special funds held by the IPC that can only be applied for specific purposes, e.g. Building Fund.
7These are funds which the IPC holds in trust for the benefit of the IPC as a capital fund. Generally, only interest income from Endowment Funds are used, and not the capital sum.
8Related Party Transactions refer to transactions between the IPC and another person where either person could have influence over the other. For example, if a board member of an IPC is related to a certain supplier of services for the IPC, the value of the transactions should be disclosed. Refer to the Financial Reporting Standards for the full definition of Related Party Transactions.
9This is expressed in the ratio of A to B, where A refers to Direct Fund-raising Expenses and sponsorships relating to fund-raising (where receipts have been issued by sponsors); and B refers to total donations received from fund-raising and sponsorships relating to fund-raising (where receipts have been issued by sponsors).
10This is expressed in the ratio of C to D, where C refers to Unrestricted Funds; and
D refers to Charitable Activities Expenses and Other Operating and Administration Expenses.
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