FY2007 Financial Highlights

In FY2007, World Vision Singapore with the strong support of our child sponsors and donors continued to post another blessed year of giving and service to the needy children and their families in Asia and Africa.

WV Singapore is committed to tackling the root causes of poverty, alleviating the suffering of the poor and enabling children to have fullness of life as its mission and vision. We are thankful to God for growing WV Singapore’s income in FY2007 (October 2006 to September 2007) from $6,938,279 in FY2006 to $8,285,274. The income growth enabled the organisation to help some 107,870 children and benefitted more than 1,558,700 people in the developing countries.

In line with our mandate and accountability to our supporters to keep expenses low so that more can be provided to assist the impoverished communities, the total expenditure of our office for FY2007 comprising administration, communication and public information was $1,548,558 or 18.6% of total donations. This was slightly lower that the 18.9% expenditure over donations in FY2006.

FY2007 also registered WV Singapore’s first formalised Gifts-in-Kind (GIK) donation worth $104,688 to the needy communities assisted by our organisation. WV Singapore continued to be involved in emergency relief and rehabilitation efforts to aid homeless families and vulnerable children in countries in Asia and Africa affected by natural disasters and catastrophes. Through our child sponsors and donors, we sent $1,111,433 which is the full 100% of donations received to those affected.

Donations to the work of World Vision Singapore do not benefit from tax exemption or deductibles. As a foreign charity registered in Singapore, we are also not permitted to actively solicit public funds without a valid permit from the Commissioner of Charities. Previous attempts to obtain such a permit have been unsuccessful.

Despite the challenging environment, we are grateful to our child sponsors and donors who continue to support our ministry helping the marginalised and oppressed.

May you be blessed for partnering and walking this journey with us.