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Football Plus Ltd

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About the Charity

FootballPlus Ltd provides outreach services to disadvantaged children and youths in Singapore through its football academy using its value-based training programme.
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7 VITAL SIGNS 

Vital Sign 1: Financial Health

Ratio of Liabilities to Assets

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This ratio tells us how much of the charity’s assets come from borrowing money or other sources of debt. The lower the number, the more financially strong the charity. 

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According to our analysis, this number indicates good financial health.

*Numbers are based on audited FY2020 figures.

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The charity is in good position to pay off its debts when they suddenly fall due (e.g. vehicle rentals and computer rentals). 

*Numbers are based on audited FY2020 figures.

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The charity saw a sharp increase in cash in FY2020, which is a good sign for its short term financial health.

*Numbers are based on audited FY2020 figures.

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Working Capital Ratio

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“If the charity’s short-term debts suddenly become due immediately, will it be able to pay them”?

A ratio higher than 1 means that the charity has enough liquid assets like cash that can be used to meet its short term debts. The higher the ratio, the more resilient the charity is.
 

Increase in Cash and equivalents

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This tells us about the financial health of the charity. No matter how much surplus the charity makes, it is likely to collapse if it runs out of cash to pay its bills. A positive value is a healthy indicator

Net Surplus over 3 years

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“How much surplus did the charity have at the end of the year, subtracting its expenses?”

 

While charities are non-profits, a financially healthy charity should still carry over some surplus each year to grow its reserves. This is important, so that the charity can continue to run even if its funding sources are affected. 

 

A charity that continues running deficits yearly would deplete its reserves and be unsustainable in the long run

Save for 2019, this charity has been carrying over a surplus over the last 3 years in order to maintain enough reserves.

The net deficit in 2019 was due to a decrease in donations. As this charity's surplus is susceptible to fluctuations in public donations, a decrease in donations in 2019 affected their surplus. 


The sharp increase in 2020 was due to one-off government grants and the curtailment of many of its activities as a result of the pandemic. As a result, its expenses fell, and it was able to retain more of its income to be carried over to 2021. 

Vital Sign 2: Sources of Income

Charities receive money from a variety of sources which include public donations, grants and government contracts. What are this charity’s sources of income over the years?

Sources of Income in 2018-2020

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What do these mean?

*Hover over the terms below to find out more!

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Voluntary Income

Voluntary income

This includes public cash donations, and non-cash gifts in kind by the public

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Charitable

Income

Charitable Income

This charity generates some income from childcare fees it charges in running its childcare services.

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Government

Grants

Government Grants

This include social welfare grants from various sources such as the government, Tote Board, Community Chest etc.

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Other income

Other Income 

This includes income not recognized in the categories above, including interest earned from keeping cash in the bank.

Our analysis

Donations from the public are the most important source of income for the  charity and account for approx. 70% of the charity's income stream. 

The charity's second most important source of income comes from the fees it charges for its coaching and football training programmes, amounting to approximately 20% of the charity's income stream per year. The charity receives income from its coaching courses and coaching services to schools, and training fees from unsponsored students enrolled in their football academy. 

The charity receives grants from the government in the form of wage credits and other grants, although such grants do not recur every year. 

2020 saw a sharp increase in income from government grants with the introduction of a one-off grant of S$33,651 as a result of the Covid-19 pandemic. 

The charity's income from other sources such as interest revenue and sales of goods does not form a material percentage of its income. 

Sources of Income in 2020 - Our Analysis

The charity 's main source of income comes from public donations, which form approximately 70% of its income. This percentage is stable throughout the last few years. 

Charitable income includes income from coaching services and from its football academy fees. This is the next most important source of income for the charity.

Government grants for the year 2020 increased significantly due to one-off Covid-19 grants and as such, this figure should be seen as an outlier when compared with other years. 

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Vital Sign 3: Sources of Expenditure

Charities spend money on various sources including their charitable programmes, staff expenses, administrative costs, etc. What are the biggest contributor's to the charity's spending over the years?

For this charity, the major contributors of expenses were manpower/coaching expenses, as well as rental expenses for football fields.

Programme Expenses (excluding manpower expenses/salary)

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Programme expenses fell significantly (48%) in 2020 compared with 2019 due to curtailment of the charity's football academy activities as a result of the strict regulations at the start of the Covid-19 pandemic in Singapore. 

Salary Expenses

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Staff salaries decreased 9.8% in 2020 compared with 2019 because of the curtailment of the charity's football academy activities as a result of the strict regulations at the start of the Covid-19 pandemic in Singapore. The curtailment of the charity's football academy activities meant that part time coaches were not needed, therefore decreasing salary expenditure in 2020. 

Sources of Expenditure in 2020 - Our Analysis

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Salary expenses for 2020 constituted a significant amount (72.5%) for 2020 compared with 2019 as programme expenses (another major source of expenditure) decreased significantly (48%) in 2020 compared with 2019.

 

The decrease in programme expenses was largely due to the curtailment of the charity's football academy activities as a result of the strict regulations at the start of the Covid-19 pandemic in Singapore. 

Vital Sign 4: Fundraising Efficiency

“How much does the charity spend in raising donations from the public?"

The lower the figure, the more efficient the charity is in raising public donations. A lower number is generally a positive sign, as it means less wasted costs in fundraising.

Fundraising Efficiency over the years

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The charity does not spend on fundraising activities, save for a one-off fundraising event in 2019. 

In 2019, the charity held its first and only fundraising event. Expenses for this fundraising event were 100% covered by a corporate donor as a one-off event. We have therefore not considered such expenses in our computation for 2019. 

Vital Sign 5: Spending on
Direct Outcomes

“What proportion of the charity's spending goes to direct outcomes?"

We are interested in knowing how much of our donation goes to the actual beneficial outcomes that beneficiaries enjoy. The greater the figure, the more likely every dollar we donate directly goes to benefitting the charity's beneficiaries. 

For this charity, the salary and programme expenses directly go to benefitting the students of the charity's football academy. We will look at this figure over the years. 

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Over the years, the proportion of the major components of the costs (staff costs and programme costs) have been quite stable, with the exception of 2020, where program costs decreased due to the Covid-19 pandemic, as explained above. Further, whilst not reflected in the charts above, a very large portion of "Other costs" are attributable to depreciation of the charity's equipment, which is used directly to benefitting students of the football academy. 

A significant part of the expenses come from staff costs, which is an essential part of the charity's services. The charity currently hires 2 full time coaches and 1 part time coach. These go directly into the charity's beneficiaries.

Taking into account the overall analysis above, this section shows the greatest strength of the charity - a vast majority spending (both direct and indirect expenditure) goes to direct outcomes for its beneficiaries. Donors can be assured that their donations will have a direct impact on the students of the charity's football academy. 
 

Vital Sign 4: Fundraising Efficiency

Vital Sign 6: Benefit Received per Beneficiary

"How many beneficiaries did the charity help?"

In assessing how impactful a charity is, it is always useful to look at how many beneficiaries benefitted from the charity. This also helps to put the charity's needs and expenses in perspective - a charity that provides more services, or serves more beneficiaries would naturally require more donations and funding.

  • In 2020, the charity served a total of 197 youths aged between 7 and 16 through their football academy programme, despite difficulties from restrictions owing to the Covid-19 pandemic. 

  • The charity provided NTUC vouchers to 10 families of their students who were adversely affected by the Covid-19 pandemic. The charity also partnered with an eatery to provide dinner to a family of 5 children for a whole month.

  • In Christmas 2020, the charity's coaches visited the homes of 14 students with football gifts sponsored by Borussia Dortmund Asia and presents prepared by the football teams from St Andrew's Junior College.

Vital Sign 7: Non-Financial Needs

"Apart from donations, how else can I support this charity?"

Volunteers

Currently, the charity has 2 full-time coaches, 1 part time coach and 5 volunteers. Once the Covid-19 restrictions are eased, the charity is hoping to find at least 2- 3 more full-time coaches and 4 - 5 more mentors for their students. 

Donations in kind

Apart from financial donations, the charity also appreciates donations in the form of long-term venue rental for their football academy (at suitable locations), and access to more coaching and football facilities. 

As this charity supports the families of their students, the charity would happily accept donations in the form of grocery vouchers, meal donations and donations of other household essentials for such families.