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BREAST CANCER FOUNDATION

ANNUAL REPORT FINANCIAL YEAR 2009/2010

C O N T E N T S

Mission and Object ives

1

Execut ive C ommittee

2

Background

3

President’s Message

4

Awareness & Educat ion

5

Fund-rais ing Act iv it ies and Donat ions

11

Support & Volunteers Programme

13

Acknowledgements

17

Financia l Statements

18

O U R M I S S I O N

To Eradicate Breast Cancer as a Life-Threatening Disease

O U R O B J E C T I V E S

To advocate for more constructive and co-ordinated action to increase awareness of the public to the incidence of breast cancer

To increase awareness of breast cancer at all levels of society,family members, employers, employees, the general public

and the medical professional community

To emphasise the importance of early detection through regular breast cancer screening

To identify and help implement opportunities to provide easieraccess to regular breast cancer screening and at affordable rates

To provide support to breast cancer patients/survivors and their families

To work closely with various breast cancer-related support groupsand organisations in order to complement and optimise efforts to

eradicate breast cancer as a life-threatening disease.

E X E C U T I V E C O M M I T T E E

PatronMrs Yu-Foo Yee Shoon

Committee membersPresident

Mrs Fang Ai Lian

Vice-PresidentMrs Noor Quek

secretaryMr Daniel Soh

assistant secretaryDr Karmen Wong

treasurerMr Jackie Ng

assistant treasurerMrs Arfat Selvam

Committee memberMrs Catherine Ng

Committee memberProf Chia Kee Seng

Committee memberMs Lye Wai Fun

Committee memberMr Peter Kong

Committee memberMs Wendy Tsai

Committee member Ms Woo Soo Mee

General managerMs Christine Ang

registry of societies registration no:ROS 207/97/TAP (30/9/97)

Charity registration no:1286 (22/10/97)

Breast Cancer Foundation (BCF) was founded by a group of men and women, mostly from the lay community. It was registered as a society with the Registry of Societies on 30 September 1997, and approved as a charity under the Charities Act 1994 on 22 October 1997.

Under the leadership of Patron, Mrs Yu-Foo Yee Shoon and her 12-member executive committee, BCF strives to increase awareness of and knowledge on breast cancer and issues related to it, promote early detection of the disease and provide support services to those affected by the disease.

BCF is located at Dunearn Road and is managed by a Secretariat comprising both full- and part-time staff and volunteers.

Awareness and educational programmes are regularly conducted to push forward the need for breast cancer awareness and education.

BCF regularly conduct outreach activities that focus on increasing breast cancer awareness to a wide cross-section of society, ranging from individuals and families to the healthcare community and the corporate sector. Talks and exhibitions are held at workplaces, community venues, associations, and educational institutions, and are tailored to the needs of the target audience. In addition, BCF networks with healthcare institutions and non-profit organisations that deal with cancer and its prevention, both locally and internationally, to enable it to enhance the services it provides.

BA C KG RO U N D

BCF runs an array of activities, manages seven support groups – the English, Mandarin, Malay, Expatriate, Young Women’s, and Family and Friends Support Groups as well as the Men’s Support League – and upkeeps various facilities. The latter includes a Resource Library stocked with books, magazines, audio-visual and other informational materials on breast cancer, treatment, care management, among other topics; the Library is open to BCF members and the public. Another facility is the Positive Appearance Boutique that provides an array of prostheses, bras, swimsuits and wigs to help patients regain and enhance their self-confidence after surgery and during treatment.

There is also a training room for therapeutic activities such as dance, drama and exercise as well as regular breast cancer advocacy and counselling courses for survivor-volunteers, members, healthcare providers and nurses. Through these courses, healthcare providers are equipped with the skills to provide quality psychological care to breast cancer patients, while survivor-volunteers and support group members acquire the counselling skills required for hospital visits and managing BCF’s Helpline.

BCF signage.

Breast Cancer Foundation / Annual Report 2009/2010 3

Since the Breast Cancer Foundation (BCF) was founded some 13 years ago, it has made good progress in fulfilling its mission of eradicating breast cancer as a life-threatening disease. Much has been accomplished to raise awareness of breast cancer, the importance of early detection as well as extol to Singapore women of all ages and professions the benefits of leading a healthy lifestyle.

More can still be done. Globally, breast cancer incidence rates have increased by about 0.5 percent annually since 1990. In Asia, breast cancer rates in Japan, Singapore and Korea have more than doubled in the past decade alone, according to the Global Cancer Report 2008 published by the International Agency for Research on Cancer. In Singapore, statistics from the Cancer Registry Interim Report 2003-07 showed that breast cancer remains the number one cancer in women today, with an estimated 1,360 new cases diagnosed annually. On average, for women aged 50 to 69, only 40 percent have gone for mammography. More needs to be done to change the public’s attitude towards this.

Annually, BCF organises many events and education campaigns to promote the importance of early detection and encourage women, in particular those above 50 years of age, to go for mammography.

The highlight last year was the Reebok Pink Ribbon Walk on 3 October which also launched the annual Breast Cancer Awareness Month. Some 3.500 participants, comprising breast cancer survivors, their families, friends and supporters turned up at East Coast Park. The walk was flagged off by Guest-of-Honour, Mrs Lim Hwee Hua, Minister in Prime Minister’s Office and Second Minister for Finance and Transport. In keeping with our objective to promote exercise as one of the best defences against the risk of developing breast cancer, we introduced a competitive run category.

Exercise was also the order of the day at the Pink Ribbon Spin for Life, the closing event for Breast Cancer Awareness Month. This was the first time that we held this event and I was heartened to see many supporters taking up the challenge of a 6-hour endurance spin.

Our regular Support Group meetings and activities under “Healing through the Arts” Programme have also been successful. Many breast cancer survivors have developed wonderful support networks which are important as they go through the healing process, for their emotional well-being and to build up their self-confidence.

P R E S I D E N T ’ S M E S S A G E

We will continue to actively forge strategic partnerships with the government, health educators, corporations and NGOs to better educate the public on the facts of breast cancer, including the good news that breast cancer is not a death sentence, and the importance of early detection.

I would like to extend my deepest appreciation to our wonderful volunteers without whose support BCF would not have been able to do so much. Our volunteers have helped BCF sustain our programmes and allowed us to grow from strength to strength. They visited hospitals, counselled newly diagnosed patients, co-ordinated support group meetings, provided logistics support at major BCF events, shared their experiences with breast cancer at educational talks and helped with administrative work such as data entry and answering enquiries through the telephone helpline. We appreciate and applaud their selfless giving of their time and expertise to support our worthy cause.

I would also like to record my heartfelt thanks to our Patron, Mrs Yu-Foo Yee Shoon, Senior Minister of State for Community Development, Youth and Sports, my Committee Members and the staff of BCF who have given their unwavering support.

Special thanks must also go to all our generous sponsors who helped raise $824,000 through various initiatives throughout the year. Their support is the lifeblood of BCF and enable us to continue our outreach programmes as well as services for women with breast cancer, their families and the general public.

mrs Fang ai LianPresident

Breast Cancer Foundation / Annual Report 2009/20104 Breast Cancer Foundation / Annual Report 2009/2010 5

The social advocacy movement started by Breast Cancer Foundation since 1997 to empower women with knowledge of breast cancer and the tools for detection has taken on its own momentum.

Big corporations, community groups, social clubs, educational institutions, among many others, are inviting their consumers, employees, members, students etc to join them in a collective fight against breast cancer by organising education talks and awareness activities. Wherever possible and upon request, BCF will provide resources for the talk and volunteer survivors to share their experiences with breast cancer.

We have a long way to go in our advocacy campaign. The fact that only 40% of women in Singapore have gone for mammogram screening means we must continue to reinforce our key messages. We are in a race against time as the chances of survival decreases if the cancer is detected at a later stage. BCF will remain devoted to spreading breast cancer awareness and educating women in Singapore about the importance of early detection.

The following are some of the awareness and education activities organised by corporate partners and organisations that have helped BCF in spreading our messages.

Diva La Futbol by SMUDiva La Futbol (DLF) is an annual soccer competition for ladies established in 2003 by the pioneer SMU Women Soccer team in collaboration with Heartware Network.

BCF was invited to promote breast cancer awareness to this group of ladies at a designated booth on 6 June 2009 at the Cage@Kallang. BCF breast cancer survivor, Ms Irene Chui, was invited to share her story with about 600 young ladies from various tertiary institutions. A major highlight of the day was a friendly soccer match between BCF breast cancer survivors and students from SMU.

Awareness Outreach Toa Payoh East Zone 7 RCBCF was invited to teach the residents of Toa Payoh the procedures of breast self-examination with the use of a breast mould at the Toa Payoh East Zone 7 RC on 20 June 2009. A talk was also conducted by BCF for approximately 20 senior citizens.

Launch of MediShield CampaignBCF was invited to participate in “MediShield Coverage for Your Loved Ones”, a public forum and health fair jointly organised by the NTUC Women’s Development Secretariat (WDS), Ministry of Health and the Health Promotion Board.

AWA R E N E S S A N D E D U C AT I O N

The campaign aimed to get more women to sign up for MediShield, a government insurance scheme that can cover up to 80% of large hospital bills.

The event was held on 25 July 2009 at the NTUC Centre. The Guest of honour was Mr Khaw Boon Wan, Minister for Health.

BCF staff was on hand to demonstrate breast self-examinations with breast moulds, as well as to distribute breast cancer information leaflets. Approximately 10,000 people thronged the NTUC Centre.

Health Day 2009 at HougangBCF had the pleasure to meet some 200 residents from the Hougang Community during the Hougang Health Day held on 26 July. While residents were provided with a series of free health checks such as intravenous blood glucose and cholesterol, bone density etc, they also learnt about breast cancer and the signs and symptoms as well as the importance of regular breast self-examination and mammogram screening.

Osim Singapore International Triathlon 2009BCF staff and the Dragon Boat team took part in the annual Osim Singapore International Triathlon on 1 August 2009 at East Coast Park. The event included healthy work-out and team bonding sessions. The BCF team not only brought honour and glory to the foundation by walking away with the champion trophy under the Corporate Challenge, Non-Profit category, the championship is also testimony of the vibrant and healthy well-being of our survivors after breast cancer.

They went, they ran and they walked off with the Corporate Challenge trophy under the Non-Profit Category.



Estee Lauder’s Illumination of TangsTangs Plaza came alight in pink on October 2 in a show of support for BCF. The spectacular light-up was part of Estee Lauder Companies’ Global Illumination initiative to focus international attention on breast cancer. The event was witnessed by Mrs Yu-Foo Yee Shoon, Minister of State for the Ministry of Community Development, Youth & Sports and Patron of BCF as well as Mrs Fang Ai Lian, BCF President and invited guests. Among them were the BCF Pink Paddlers who competed with Estee Lauder Dragon Boat team earlier in the day. The light-up of Tangs Plaza lasted the entire month of October.

Breast cancer awareness for youths at Raffles Institution (Junior College) One of the primary objectives of the BCF Youth Wing (BCFYW) is to spread awareness of breast cancer and its prevention amongst the youth community. In a bid to do just that, the pioneer batch of BCFYW advocates organised a breast Cancer awareness Week campaign in Raffles Institution (Junior College) in the week of 19 October 2009. Posters on breast cancer and reflections by breast cancer survivors were put on display at the school’s canteen walkway. The inspirational “Pink Paddlers” video was screened every afternoon during lunchtime.

The BCF Youth Wing carried out its next awareness drive by organising Frisbee for Charity on February 4 2010 at the RI school field. This inaugural event, with the slogan “Ultimate Fun, Ultimate Cause and Ultimate Frisbee” also aimed to promote healthy living amongst the youth. The event was a success as 50 participants turned up for the charity game and the key messages were also not lost on fellow students who turned up to cheer their schoolmates.

Partnerships with Great EasternGreat Eastern has been a corporate partner of BCF and has helped raised funds through their activities over the years. This year, BCF was again provided with the opportunity to create breast cancer awareness during several GE events.

At the Great eastern Health seminar held on 9 May at the Great Eastern Centre, BCF distributed flyers and informational booklets on breast cancer to some 300 participants. They were also given a presentation on BCF mission and activities and learnt how breast cancer can be overcome through the experiences of Ms Wendy Tsai, a breast cancer survivor and member of BCF Executive Committee.

Ms Wendy Tsai also represented BCF at the Great eastern Women empowerment series: “breast and Health” talk held at The Arena, Clarke Quay, on October 24. Participants learnt about breast health and care, the importance of early detection and the correct way to perform a breast self examination through the use of breast moulds.

A booth was provided to BCF to create breast cancer awareness at the Great eastern race expo held from October 16-18 at Kallang Leisure Park Mall and November 1 at the Padang. Breast cancer information booklets and tips on breast self-examination flyers were distributed to the public at both events.

Light-up of Tangs Plaza by Guest of Honour Mrs Yu-Foo Yee Shoon.

BCF Youth Wing organised its first Breast Cancer Awareness Week at Raffles Institution (JC)

Great Eastern has been a great supporter of BCF.



PAP Women’s Wing – Celebrate WellnessThe importance of early detection was highlighted at the “Celebrate Wellness” Symposium on October 10 held at the Great Eastern Centre. The event was organised by the PAP WINGS (the acronym for Women’s Initiative for Ageing Successfully) in collaboration with several organisations, including Health Promotion Board, Singapore Tote Board and Tsao Foundation, among others. In their commitment to fight breast cancer, the event also saw the launch of subsidised mammogram for women above 50 years old by Guest of Honour, Mrs Lim Hwee Hua, Minister in Prime Minister’s Office, Second Minister for Finance and Transport. Present were invited guests, women MPs and 250 participants.

BCF was invited to set up an information desk at the event to distribute educational flyers on breast cancer and engaged participants who wanted to know more about breast cancer and our support programmes. Ms Wendy Tsai from BCF went on stage to share her personal experience with breast cancer along with a panel of medical experts.

BREAST CANCER AWARENESS MONTH (BCAM) 2009BCF collaborated once again with the National Cancer Centre, the National University Cancer Institute, Singapore and Singapore Cancer Society to organise BCAM, a series of outreach activities held throughout the month of October to raise awareness of breast cancer. This year’s campaign slogan was “Breast Matters” to bring home the message to every woman to take a more proactive approach to look after their breasts by performing regular breast self-examination and going for mammogram screening. This national campaign was endorsed and supported by the Health Promotion Board.

Pink Ribbon Walk & RunBCF’s Reebok Pink Ribbon Walk was the opening event to officially launch BCAM 2009 on 3 October at the East Coast Playground@Big Splash. This was the second time the event was held since its inauguration in 2008. This year, the event also included a 5km competitive run.

Some 3,500 participants from all walks of life, including men and children, were flagged off by Mrs Lim Hwee Hua, Minister in the Prime Minister’s Office and Second Minister for Finance and Transport. It was a sea of pink as the participants ran or walked along the scenic route while taking in the cool morning breeze.

Participants were in high spirits and thoroughly enjoyed themselves with the special treats such as ice cream, drinks and fringe activities.

BCF survivor Wendy Tsai shared her story at Celebrate Wellness Symposium.

Pink Ribbon Walk 2009 was flagged off by Guest of Honour Mrs Lim Hwee Hua.


Ready, Get Set…. Participants all geared up to support BCF in our awareness campaign.

Wear the Pink Ribbon Continuing with tradition, BCF produce a specially designed limited edition pink ribbon pin for the public to show their support of our cause. The pink ribbon is the international symbol representing awareness and hope for women with breast cancer.

The pins were made available to the public for a minimum donation of $2 each for the plain design and $5 each for those embedded with crystals. These pins were distributed island-wide at distribution points, ranging from supermarkets, pharmacies, food and beverage outlets, shopping malls, retail shops, hospitals, healthcare organisations, schools, corporations etc. In total, 53,200 pins were sold at 410 outlets/venues, raising approximately $156,000 for BCF.

To encourage more people to wear the Pink Ribbon Pin throughout October, BCF organised a “Wear the Pink ribbon Lucky Draw”. BCF volunteers went out to various public areas such as the Central Business District, Orchard Road, shopping malls, MRT stations, the HDB heartlands, hospitals, corporations and more, to look out for anyone wearing the pins. Those spotted had their names entered into the Grand Lucky Draw held on 7 Dec, of which the top prize was a Princess Necklace sponsored by Tianpo Jewellery.

Commercial corporations, institutions and other organisations also did their part to spread the breast cancer awareness message by purchasing the pins in bulk under the “Wear the Pink ribbon @ Workplace” outreach project (1st September – 31st October). The pins were distributed to staff so they can show their support of this worthy cause.

Pink Ribbon Spin for LifeBCAM ended on a high note with the Pink Ribbon Spin for Life held at Plaza Singapura on October 31, from 9am to 9pm. In line with BCAM objective to generate greater social awareness of breast cancer, this debut event was also held to encourage exercise and healthy lifestyle to reduce the incidence of breast cancer as well as to raise funds for BCF to continue our mission to eradicate breast cancer as a life- threatening disease.


There was no lack of participants, dressed in specially designed pink tank tops as they eagerly mounted the bikes for the invigorating workout. The highlight of the day was a six-hour endurance spin by two women cyclists from JAB Racing in a face-off challenge with four participants from the audience.

AWARENESS TALKS/ PRESENTATIONS AND EXHIBITIONSIn the year under review, a total of 38 breast cancer awareness talks/presentations and awareness booths/exhibitions were held, reaching out to more than 25,000 people.

Awareness talks primarily focused on empowering participants with knowledge on breast cancer, its signs and symptoms, importance of early detection as well as overview of BCF mission, and our outreach and support programmes. Talks were conducted at the following venues (in alphabetical order):

BP SingaporeCredit SuisseCrescent Girls SchoolEnthone ChemistryErnst & YoungEstee Lauder Cosmetics Pte LtdGE Infra EnergyIRASITE College EastJurong East LibraryKamala ClubKumon Asia & Oceania Pte LtdLand Transport AuthorityMajid Alkaff MosqueMinistry of Defence Nature’s GalleryNational Technological UniversityNational University of SingaporeNorton Rose (Asia) LLPPhilippine Bayanihan CentreProfessional Investment Advisory ServicesRaffles Institution (JC)Randstad

Response to the first BCF Spin for Life has been encouraging.

Special edition pink ribbon pin 2009



Republic PolytechnicSSWA - Spanish Speaking Women’s AssociationStats Chippac LtdToa Payoh East Zone RCTemasek Junior CollegeThe British ClubUTAC Pte LtdUnited World College of South East AsiaUnileverV.Ship (Asia) Pte Ltd

Awareness booths and/or exhibitions were set up at the following events/venues (in alphabetical order):

The Cage@KallangGreat Eastern CentreHougang CCKallang Leisure ParkNTUC CentrePadangRaffles Institution (JC)Raffles PlaceToa Payoh East Zone 7 RCTiong BahruWisma Atria

BCF WebsiteContents on the BCF website were updated regularly to ensure members are provided with the most current information. The Society for the Physically Disabled continued to maintain the website, since its appointment in 2008.

PUBLICITYEducation Materials and Marketing CollateralsWhile no new educational collaterals were produced during the financial year, existing brochures and flyers were updated and reprinted as and when required. These included the Breast Book “Myths & Facts” and “Tips on Breast Self-Examination” shower hangers, of which both design and printing costs were sponsored by GlaxosmithKline oncology.

Marketing collaterals were also produced specifically for the various events held during the Breast Cancer Awareness Month. DDb Group in Singapore, an award-winning advertising and marketing agency, was responsible for developing the design concept for Wear the Pink Ribbon Campaign. As in past years, the creative services were provided pro bono to BCF.

More than 100,000 materials were printed during the period under review. They were distributed at all public events and awareness talks where BCF has a presence as well as to public and private hospitals, specialist cancer centres and specialist clinics for the benefit of patients and visitors. Among the printed materials included the following BCAM collaterals:

• 65,000pinbackingcards

• 450donationboxstickers

• 300spotterscards

• 1,500pledgecards

• 2piecesofA2-sizeposterson“WearThePinkRibbonContest”for display at BCF booths

BCF continued to produce the abreast Link newsletter for members, donors and corporate partners. Three issues were produced - Jun/Sep 09 issue, Oct/Jan 09/10 issue and Feb/May 10 issue, with a print run of 4,000 copies per issue. Electronic versions of the newsletters were sent to members with email addresses and uploaded to BCF corporate website for public access.

Media Publicity BCF worked closely with a variety of publishers to create awareness of breast cancer. These included local newspapers, television and radio as well as lifestyle magazines targeting the local and expat community. BCF also engaged new media to reach out to the new generation, particularly younger women, such as online news portals and social networking sites such as Facebook and blogs.

BCF was adopted by Mediacorp Malay Radio station, Warna 94.2Fm as the charity organisation of choice in 2009. By broadcasting educational information on breast cancer and publicising our various outreach activities through their programmes, BCF has been able to reach out to more people, particularly the Malay community in Singapore.

BCF awareness booth at the Spin for Life event.


Throughout the year under review, a significant number of stories had appeared in major local dailies, magazines, television and radio programmes. Below are some of the stories:

• Chinese daily, Lianhe Zaobao featured an interviewwith survivor volunteer, Ms Soh Huiting, titled “Young women are also breast cancer victims”. Ms Soh, who was diagnosed with breast cancer at the age of 24 is an example of how the disease can strike anyone, even younger women who are at lower risk of developing breast cancer.

• SixBCFdragonboatpaddlerssharedtheirpassionforexercise in the Straits Times Supplement “Mind Your Body” under the story: “Exercise, a priority with the Pink Brigade”. Through boat paddling, the paddlers showed how physical activities had helped to keep them fit and healthy, despite being breast cancer survivors. The women’s ability to lead an active life served as reminder that there is life after breast cancer.

• Ten breast cancer survivors from BCF were invited to the launch of the Great Eastern 10k run held at Raffles Place on 9 July 2009. The event was widely reported in the local dailies, Today and The New Paper on July 10 and The Straits Times on July 11. In addition, one participant shared her experience with readers of Today and The Straits Times where she reinforced the message that women afflicted with breast cancer can lead a perfectly normal life.

Lifestyle magazines have also played their part in spreading the awareness messages to their readers through special features and interviews. They included (but not limited to) the following magazines:

Elle Expat Living Gao Feng Magazine Her World Motherhood/Ma Ma Bao Bei NTUC Lifestyle Seventeen Simply HerSingapore Women’s Weekly TeenageTime Out Singapore


New MediaBCF has started to leverage on new media as an inexpensive way to deliver the awareness message to a targeted group, particularly the younger community who are more internet savvy. For example, online portal, Youth.sg conducted an interview with BCF Youth Wing and posted their story online.

To encourage more participants, BCF created the Pink Ribbon Walk website (www.pinkribbonsingapore.com) which not only provide an online registration and payment gateway for public to register their participation any time and any day, it also allow BCF to post the most current information on the events.

Popular networking site, Facebook also became the new face for viral marketing of the Pink Ribbon Walk and Pink Ribbon Spin for Life as well as other fund-raising activities that took place over the months. The BCF Facebook drew many “awareness evangelists” to pledge their support and post encouraging notes to their friends who were affected by breast cancer.

On their own, BCF members were already using blogs to post personal experiences and photos of their participation in BCF activities. Videos also found their way to YouTube such as the Pink Paddlers dragon boat races.


F U N D - R A I S I N G A C T I V I T I E S A N D D O NAT I O N S

BCF relies solely on the generosity of donors and corporations to fund our advocacy programmes and support activities. Besides BCF and community-initiated fund-raisers, many corporations, big or small, have adopted BCF as the beneficiary of their fund-raising activities under their Corporate Social Responsibility Programme.

In the year under review, BCF raised $824,000 from the various fund-raising activities and donations. Below are some of the fund-raising activities:

Shades of Pink Photography ExhibitionProfessional photographer, Zurina Bryant, organised a photo exhibition titled “Shades of Pink” in support of the BCF. A selection of 30 photos reflecting aspects of daily life was presented at the one-day event held at the Gallery of the Old School on 11 May 2009. To show their support for the event and to complement the pink theme, invited guests came dressed in pink. The exhibited works were sold in a silent auction and proceeds were donated to BCF.

New Balance - BCF Charity DriveNew Balance launched a charity drive at all its New Balance Concept Stores from May 1 to September 30. For every pair of WR91 lightweight cushioning running and walking shoes sold, $40 was donated to BCF. In total, $7,280 was donated to BCF.

Great Eastern CSR ProgrammeGreat Eastern ran the “The Great Women Pledge” campaign throughout the year under review. This involved collecting pledges from women from all walks of life with the theme: “Why it’s Great To Be A Woman!” A dollar was donated to BCF for every pledge collected.

BCF was the adopted charity for the annual Great eastern Women 10K held at The Padang which saw a record number of more than 14,000 women taking to the streets in Marina Bay and the city.

Great Eastern ended the fund-raising activities for BCF by organising a charity bazaar at the Great Eastern Centre Atrium from 3 to 4 December. The bazaar raised $26,000 for BCF.

In total, GE raised some $115,000 so that BCF can continue to engage the community and increase greater awareness of breast cancer, as well as to organise more support programmes and activities for breast cancer patients and survivors.

Royal Selangor, Garibaldi and DeStéThis year, Royal Selangor held a media conference to announce its continued support for breast cancer awareness and collaboration with Garibaldi and DeSté on 30 July 2009 at the Garibaldi restaurant. Members of the media and BCF breast cancer survivors were treated to a jelly-making session using Royal Selangor’s jelly mould by Chef Stefano Deiuri of DeSté. A delectable spread at the Garibaldi restaurant was also served.

Aprondisiac - A Fund-Raising Initiative by Sony Entertainment TelevisionIn conjunction with season 4 of Top Chef TV Series and to raise funds for BCF, Sony Entertainment Television collaborated with local couturier Keith Png to design aprons for sale to the public. Each apron is priced at $40, and full proceeds go to BCF. The initial response has been enthusiastic and $3,100 was collected from the sale of the aprons. BCF will continue to sell the aprons until stock runs out.

Luxury brand Ferragamo went pinkIn conjunction with BCAM, Italian luxury fashion house Salvatore Ferragamo launched the Pink Collection at the official opening of its ION Orchard branch on 23 October and to raise funds for BCF. The specially designed Pink Collection comprised shoes, bags, T-shirts, accessories and sunglasses, all adorned with Swarovski crystals. Proceeds from the sale amounting to $12,550 were donated to BCF.

Guess in Support of BCFGuess Watches did their part for charity during their 25th anniversary celebration. With every purchase of any the 25th Anniversary Guess watches from 16 to 22 October at Tangs Orchard, $25 was donated to BCF. The sale collected $3,475 for BCF.

The Great Women Pledge.


F U N D - R A I S I N G A C T I V I T I E S A N D D O NAT I O N S

Roland Swim School in Support of BCFRoland Swim School decided to support and champion BCF in conjunction with the Breast Cancer Awareness Month. From October till December, $20 was donated to BCF with each sign-up for its Ladies Swim Class.

Teeny Ninjas by Simple Arts Planet In support of the Breast Cancer Awareness Month, Simple Arts Planet pledges 50 percent of sales of its special edition Teeny Ninjas toys until October 31 to BCF.

Tangs Initiative in Support of BCFIn addition to the lighting up of Tangs Plaza in collaboration with Estee Launder’s Global Illumination Initiative, Tangs donated one percent of its net revenue for the month of October to BCF and held an auction of Barbie dolls. In total, $110,000 was raised.

ICAP Singapore Global Annual Charity DayICAP is an interdealer broker, currently operates in more than 32 countries. Every year, they will set a day in December to raise funds for charity and BCF was one of the beneficiaries adopted by its Singapore office, ICAP AP (Singapore) Pte Ltd, for its 17th Global Charity Day. Donations came in the form of ICAP brokers giving up their own commissions to charity, as well as the company giving away the revenues on the day.

Christmas Charity Bachelor AuctionIn an exciting twist to the conventional auction, ten bachelors from various professional backgrounds, including celebrities, volunteered to put themselves up for auction at the Christmas Charity Bachelor Auction. Among them were former swimmer, actor, host of TV shows and commercials models.

Held on 2 December 2009 at the Grand Park City Hall, the unusual fund-raising event attracted an audience of 200 people, mainly women, who were keen to bid their way to the first prize which included lunch with their prized bachelor or take home exclusive prizes. Tickets were sold at S$250 per person or S$2,000 per table of 8 persons, inclusive of dinner with free flow of wine. All funds collected from the event were donated to BCF, amounting to $35,360.

First island-wide awareness and donation drive BCF embarked on an island-wide awareness and donation drive in April 2010 by using SingPost mail-drop services to deliver flyers to the mail boxes of 1,000,000 households, comprising a mix of HDB flats, private apartments and landed properties. This was the first time such a strategy was used to raise greater awareness of breast cancer to all levels of the community. The response so far has been encouraging as reply slips sealed with cheques, small amounts of cash or filled with credit card details started to flow in.

Design of the flyer was sponsored by Antho Design while SingPost waive the charges for the mail-drop services. As at the end of the reporting period, the funds raised through the direct mailer was $64,000.

BCF fund-raising brochure.

BCF was the adopted charity in Tang’s Give Back Campaign.


S U P P O RT & VO L U N T E E R S P RO G R A M M E

BCF recognises that when breast cancer strikes, the psychological impact on the patients may be longer lasting than the physical pain caused by the various treatments and side-effects. Hence, in addition to our advocacy programmes, BCF has also made it our objective to ensure no women faces breast cancer alone and to engage and inspire them to live an active and enhanced quality of life.

SUPPORT GROUPS BCF network of seven Support Groups endeavour to provide a warm, welcoming and supportive environment to help breast cancer patients and survivors come to terms with their diagnosis and cope with the emotional concerns and any uncertainties that may arise during the healing process.

Monthly meetings are held to give them and their family members the opportunity to express their fears and concerns, discuss their anxieties, seek answers to questions and most importantly, to meet and gain perspective from survivors who have gone on to live normal, active lives. Outdoor activities are organised regularly for members to bond and connect with each other in an informal setting.

Attendance to the monthly meetings is free.

• EnglishSupportGroupThe English Support Group meets on the 2nd Saturday of each month from 10am to 12pm. Attendance level has been increasing over the years, with each session attended by an average of 32 women with at least 5 new survivors attending each meeting. It is one of the most active Support Groups and has organised activities such as Walk at the Botanical Gardens and healthy cooking demonstrations.

• YoungWomenSupportGroupMembers of the Young Women Support Group meet together with the English Support Group on every 2nd Saturday of each month from 10am to 12pm. There has been a steady stream of young women attending this support group over the years.

• MandarinSupportGroupMeetings are held on the 3rd Monday of each month from 6.30pm to 8.30pm. An average of 31 women attended each meeting. Activities that took place during the reporting period included talks on keeping fit & healthy living.

• MalaySupportGroupThe Malay Support Group also meet on the 2nd Saturday of each month with 1 to 2 new survivors attending each meeting.

• ExpatriateSupportGroupThe Expatriate Support Group is currently merged with the English Support Group which meets on the 2nd Saturday of every month. An average of 1 to 2 women attended each meeting.

• Men’sSupportLeague(MSL)The Men’s Support League continued to be a small but dedicated group and has welcomed 11 new members to its team in the year under review. Regular meetings were held on the 2nd Saturday of every month, in conjunction with the English Support Group meetings. The group assisted with major BCF events, and provided counselling to male family members of breast cancer patients on an ad hoc basis (primarily through referrals from Hospital Visit Volunteer Counsellors). They also conduct education talks and presentations upon request.

• FamilyandFriendsSupportGroupThe Family and Friends Support Group also remained relatively small, but influential in its support towards breast cancer patients and survivors. Due to the small grouping, members joined the English Support Group and MSL during their regular sharing sessions on the 2nd Saturday of every month.

In-House Counselling ServiceStarted in 2008, in-house counseling is available to all BCF members and by appointment only. There are currently two certified counsellors who provided their services free for breast cancer patients/survivors as well as to families and loved ones with a variety of issues, ranging from emotional, psychological, relationship and marital issues when faced with their loved ones suffering from breast cancer.

Support Groups meetings are held once a month.



VOLUNTEER COUNSELLING PROGRAMMEBCF has a vibrant network of volunteer counsellors who are themselves breast cancer survivors and committed to share what they have leant from their experience with others.

Currently, volunteer counsellors offered three services to breast cancer patients, survivors, family members and public.

• HospitalVisitsAs the incidence of breast cancer increases, BCF volunteer counsellors have been making more visits to the hospitals. During the year under review, there were 14 active Hospital Visit Volunteer Counsellors and making a total of 152 hospital visits.

Hospitals that benefited from the BCF Hospital Visits Programme included Mount Elizabeth Hospital, Changi General Hospital, National University Hospital (twice weekly visits) as well as Tan Tock Seng Hospital and National Cancer Centre (weekly visits). Ad hoc visits were also made to Mount Alvernia Hospital, Gleneagles Hospital, Raffles Hospital, KK Women’s and Children’s Hospital, John Hopkins and Singapore General Hospital at the request of the patients, families, nurses or doctors.

In some instances, volunteer counsellors made telephone follow-ups and home visits (both pre- and post-op) when necessary or at the request of the patients.

• BCFHelpline&TelephoneCounsellingBCF maintains a Helpline (63560123) for public members who want to know more about breast cancer, treatment, care management and other related information. The Helpline is also meant to offer emotional support to women as they deal with their breast cancer diagnosis, treatment or survival.

The free telephone service is open during office hours, Mondays to Fridays, from 9am to 5pm. At other times, callers may leave a message and a volunteer counsellor will return the call within 24 hours.

Calls are answered by volunteer counsellors or office staff who are trained and experienced in handling questions related to breast cancer or provide timely information to those who are looking for additional resources. Those who need financial assistance are referred to social welfare agencies and/or other non-profit charity organisations such as Singapore Cancer Society.

For callers who prefer to speak directly with a breast cancer survivor, BCF will match them with a volunteer counsellor who has similar diagnosis and life experiences, around the same age group or speak the same language, wherever possible. To-date, BCF has 35 Volunteer Counsellors to do telephone counselling. BCF does not provide specific medical advice or referrals to medical expertise during telephone counselling.

During the period under review, some 370 telephone enquiries were received, of which 173 callers were referred to BCF Volunteer Counsellors for telephone counselling.

Callers to BCF Helpline can be women with breast cancer, caregivers, children, loved ones and the bereaved. Some commonly asked questions included the following:

• WhatshouldIdoifIfindalump? • WherecanIgoforamammogram?Aretheysafe? • Whatisanultrasound? • WherecanIbuybreastprosthesis? • CanBCFrecommendabreastspecialist? • HowcanIjoinBCFSupportGroups? • Iamadvisedbymydoctortoundergochemotherapy.

WillIlosemyhair?WhatshouldIdo? • Mywife/mother/daughterhasjustundergone

surgeryforbreastcancer.Cansomeonetalktoher?

HEALING THROUGH THE ARTS PROGRAMMEWomen with breast cancer often face a long and arduous journey as they try to cope with the physical trauma that is associated with treatment and make adjustments to their diet and lifestyle during the recovery process. Many survivors have gone on to resume their roles as a career professional, wife, mother, daughter and grandmother, employer or employee but to some, the emotional healing may yet be over.

“Healing through the Arts” Programme is designed to help both breast cancer patients and survivors in their overall healing, both emotionally and physically. These take the form of recreational and therapeutic activities organised on a regular basis to inspire and engage these women to build their physical and mental well-being and ultimately to an enhanced quality of life beyond cancer.



Popular activities such as dragon boat paddling and gym training help to build stamina while dancing and singing help to take away the stress of dealing with cancer and allow members to meet new friends with similar hobbies. All classes are conducted by professionals who have volunteered their services for free or members who are breast cancer survivors themselves. Some of the activities held during the period under review included:

• LatinLineDance• Choir• DragonBoatPaddling• Gymtraining• Morningexercises• Gardening• MelodyinthePink(karaoke)• ArtTherapy• Swimming• BollyJollyDance• MovieMonday• Cooking

• BCFCoffeeMorningsBCF Coffee Morning series were started in June 2003 and are held on the last Friday of each month, from 10am – 12pm. The educational talks featured invited speakers from various genres of expertise who speak on a wide range of topics, whether on the most current information on breast cancer or related health and lifestyle issues.

Open to all BCF members, the morning gatherings present the opportunity for members to catch up with each other and make new friends while learning something new at the same time.

Topics covered during the reporting period were:

• April2009 ChangeYourSpineChangeYour Life By Dr Lynelle Kerr

• May2009 HealingNaturallywithFood& Nutrition Ms Simone Vaz

• June2009 UnderstandingBreastCancer By Dr Wong Seng Weng

• July2009 SkinRevitalisation By Dr Yeak Hwee Lee

• August2009 KneePain–Treatment& Management By Dr Chang Haw Chong

VOLUNTEER MANAGEMENTVolunteers are integral to the advocacy efforts of BCF to create awareness of breast cancer within the community and empower women with early detection tools to help reduce the risks of developing breast cancer. Volunteers who are breast cancer survivors play an important role in the lives of patients as they understand their emotional and social well-being since they have walked in the same shoes not too long ago.

There are a variety of volunteer opportunities at BCF, ranging from counsellors, support group co-ordinators, speaking at public talks, fund-raising to simple administrative duties.

Volunteer TrainingBCF provides training for volunteers to equip them with the necessary skill-sets, where necessary, to render assistance to breast cancer patients and survivors.

Volunteers who opt to be Counsellors have to undergo in-house BCF Elementary Counselling Course. Upon completion, those who expressed interest to do hospital visits will be attached to an experienced volunteer counsellor for at least two months and shadow them during their regular (weekly) hospital visits as additional training.

Those who help to manage BCF Helpline are provided with one-to-one training/orientation session where they learn about telephone etiquette, BCF telephone procedures, do’s and don’ts, detailed information on screening guidelines and options, and details of BCF programmes and services.

Gardening helps to relax the mind and soul.



Volunteer Seminars Training for volunteer counsellors is an on-going process at BCF. For the year under review, the following seminars were conducted for active volunteers:

• MakingaDifference,May16This seminar was attended by 45 enthusiastic BCF volunteers and hospital counsellors. They were provided with updates on palliative care and critical information on HER2 status and targeted therapies, as well as a sharing session on how volunteers can better enhanced their role in motivating breast cancer patients and survivors. At the end of the day, each participant left with a better understanding of volunteerism and updated medical information. Attractive goodie bags were distributed as well.

• SustainingOurselvesAndOurPassion InOurServices,15AugustThis second seminar comprised of a 2-part programme aimed to encourage volunteers to sustain their passion and purpose to continue serving the mission of BCF. The 43 volunteers who attended the seminar learnt how to develop the capacity to intentionally choose long-term practices that provide for the nurturance and development of their physical, intellectual, emotional and spiritual dimensions. They were also taught the concept of Servant-Leadership which places the growth and development of others and the organisation above self.

• TogetherWeCarryOn,7-8NovemberBCF held its third retreat for its Support Group Coordinators and Hospital Visit Counsellors at the Nongsa Point Marina Resort. Bearing the motto “Together We Carry On”, the retreat was to provide the opportunity for the 18 participants to recharge and foster team bonding. The fun-filled programme comprised of mind-mapping workshops and recreational activities such as swimming, dance and songs.

Volunteer Appreciation Party 2009Every year, BCF recognised its volunteers through the Volunteer Appreciation Party. This year, the event took place on 7 December 2009 at the Meritus Mandarin Hotel. Mrs Fang Ai Lian, BCF President offered her thank-you speech in the presence of Guest of Honour, Mrs Yu-Foo Yee Shoon, Minister of State for the Ministry of Community Development, Youth and Sports and BCF Patron. In celebration of the generosity and spirit of volunteerism, guests were treated to a sumptuous buffet dinner, lucky draws and interactive games.

Other Resources• LibraryandResourceCentre

The BCF Library provides both English & Chinese books, audio-visual materials, magazines and reference materials from local and international sources to help BCF members and the public to better understand cancer and its treatment or information to cope with the disease. A desk top computer with internet access is available for users to search for cancer-related information online.

The Library is opened to breast cancer patients, survivors, care-givers, family members and the public, including students working on projects related to breast cancer awareness.

• PositiveAppearanceBoutiqueTo help regain and enhance their self-confidence after surgery, the BCF Positive Appearance Boutique offers a range of prostheses, bras, swimsuits, compression sleeves and wigs for purchase by breast cancer patients and survivors. The pink and homely décor provides a comfortable and relaxed ambience for them to seek advice and assistance from trained staff in privacy.

The Wig Loan Programme, where former patients donate their wigs for use by others, continued to be well received by breast cancer patients/survivors. BCF members can loan the wigs for free under this Programme.

During the reporting period, 30 prostheses and 57 mastectomy bras were sold while 40 wigs were loaned through the Wig Loan Programme.

Membership As of 30th April 2010, BCF’s membership stood at 5033. Of these, 594 were new sign-ups from the period 1st May 2009 to 30th April 2010. Membership growth was facilitated through fund raising and regular outreach activities throughout the year such as talks, seminars, hospital visits, and special events such as those held during the Breast Cancer Awareness Month.Retreats are held to build bonding among volunteer counsellors.


A C K N O W L E D G E M E N T S

BCF is very grateful for the generous donations, sponsorship, thoughtful contributions and support from corporate organisations, individuals and associations.

The financial assistance has allowed us to continue with our advocacy movement and support programmes and activities so that no one faces breast cancer alone.

Last but not least, BCF would like to express our heartfelt thanks and appreciation to all our members, volunteers and supporters who have assisted us in one way or another. Their

support, time and effort have certainly helped BCF to move closer towards achieving our mission of eradicating breast cancer as a life-threatening disease.

ListofdonorsforFY2009/2010Due to space constraints, the list below are donors with contributions of $500 and above, in cash and in-kind, for FY 2009/2010. While we have taken great care to ensure the accuracy of the list, we seek your understanding for any omission or oversight on our part.

Names are listed in alphabetical order.• AlisonDawnSharp• AngHweeKoon• AsiaProfessionalSpeakers-Singapore• AstraZenecaSingaporePteLtd• BakerTechnologyLimited• Baker’sOvenPattisieries• BakerzinHoldingsPteLtd• BarbaraTrucco• BennyOngHockSiong• Binter&CoPteLtd• C.K.TangLimited• CaliforniaLaundryPteLtd• CanberraDevelopmentPteLtd• ChanCheeCheong• CharlotteTeoShuXian• CheokYiLing• CheongYuenYee• Chew How Teck Foundation• ChoiSiuChing• ChuaSweeChia• ChuanHockHardwareCoPteLtd• CieloSereno• Classof ’59TKGS• Command-AirPteLtd• Curves• D.S.LeeFoundation• DaenMahamongkolIntl Meditation Ctr• DPArchitectsPteLtd• ENJODynamicAsiaPteLtd• ESGEnduranceSportPteLtd• EstateofChuaAhEngLinda• EsteeLauderCosmeticsPteLtd• EstherHuangDasilun• EvangelineLowHanMui• Express21PteLtd• FJBenjamin(Singapore)PteLtd• Ferragamo(Singapore)PteLtd• FlipchartPteLtd• GeorgetteChanShao-Wah• GetanPteLtd• GoodrichGlobalPteLtd

• GreatEasternLife Planners Association• HealthPromotionBoard• HickmanJosephWilliam• HongLeongFoundation• JacquelineSusannaDeSouza• JimmyKoh• JimmySeah• JMBMarineServicesPteLtd• JoyBernasconi• JuliaAnnSmith• KehSohHua• KeyMediaPteLtd• KimSengHeng Engineering Construction• KimWilliams• KwongFook&MuiTing’sfriends• L.C.DevelopmentLtd• LawChingHung• LeeFoundation• LeeKuanYew• LeePengKai• LewHooiHooi• LifePlanningAssociatesPteLtd• LimYewJongMay• LokeYuenKinRuby• MayerMarketingPteLtd• MurphyDarrenMichael• NewBalance(S)PteLtd• NgBoonSeng• NgLeeBoon• NgeeAnnDevelopmentPteLtd• Novartis (Singapore) Pte Ltd• Ong• ParadigmEquityPteLtd• PeaceRefrigerationParts(P)Ltd• PekChaiSiew• PfizerPrivateLimited• PhilipJohnMasters• PhngSiewHoon• RabinderSingh• RegulusShipServicesPteLtd

• RocheSingaporePteLtd• RoselleMont-Clair Furnishing Pte Ltd• SanchoonBuildersPteLtd• SciencewerkePteLtd• SeahCheeHwee• SeahZhenWeiPaul• SFConsultingPteLtd• ShabnamShakuro• ShengGuangshu• SicoAsiaPteLtd• SingaporeHashHouseHarriets• SingaporeOilwomen’sClub• SMRTCorporationLtd• SohLeeYong• SoonKianHeong• StephanieChuYenTzer• SundaramJulianSuresh• TanHockLin• TanLeeHua• TatWaiEnterprisePteLtd• TheAustralian & New Zealand Association• TheBankOfNewYorkMellon• TheGreatEasternLife Assurance Co Ltd• TheHongKongAndShanghai Banking Corporation Limited• TohSeckGee• TongChyeFung• TSLA• TurnerBroadcastingSales Southeast Asia• UnitedOverseasBankLimited• VikramBansal• Wacoal(S)PteLtd• WongBeeEng• YeoKimTee• YongYoonKiong• ZurinaBryant


S TAT E M E N T B Y T H E C O M M I T T E EA N D F I NA N C I A L S TAT E M E N T S

Y E A R E N D E D 3 0 A P R I L 2 0 1 0

Statement by the C ommittee

19

Independent Auditors’ Report

20

Statement of Financia l Act iv it ies

22

Statement of Financia l Posit ion

24

Statement of Changes in Funds

24

Statement of Cash Flows

25

Statement of Financia l Act iv it ies– Supplementar y S chedules

26

Notes to the Financia l Statements

34

In the opinion of the Breast Cancer Foundation’s Committee,

(a) the accompanying financial statements are drawn up so as to give a true and fair view of the state of affairs of the Foundation as at 30 April 2010 and of the results, changes in funds and cash flows for the financial year then ended and at the date of this statement there are reasonable grounds to believe the Foundation will be able to pay its debts as and when they fall due; and

(b) the funds raised were used in accordance with the objects of the Foundation, the issue of tax-exempt receipts were accounted for and the rules for administration of the decentralised special account scheme of the Health Endowment Fund have been complied with.

The Committee authorised the issue of these financial statements.

On Behalf of The Committee,

Fang ai LianPresident

Daniel soh Chung HianSecretary

ng Lian ChianTreasurer

singapore7 June 2010

S TAT E M E N T B Y T H E C O M M I T T E E

Breast Cancer Foundation / Annual Report 2009/2010 19

I N D E P E N D E N T AU D I TO R S ’ R E P O RT TO T H E M E M B E R S O FB R E A S T C A N C E R F O U N DAT I O N(Society Registration No : ROS 207/97/TAP)

We have audited the accompanying financial statements of Breast Cancer Foundation (“the Foundation”), which comprise the statement of financial position as at 30 April 2010, and the statement of financial activities, statement of changes in funds and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory notes.

Committee’s Responsibility for the Financial StatementsThe Foundation’s Committee is responsible for the preparation and fair presentation of these financial statements in accordance with the provisions of the Constitution of the Foundation, the Charities Act, Cap. 37, the Societies Act, Cap. 311 and Singapore Financial Reporting Standards. This responsibility includes:

(a) devising and maintaining a system of internal accounting controls sufficient to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they are recorded as necessary to permit the preparation of true and fair statement of financial activities and statement of financial position and to maintain accountability of assets;

(b) selecting and applying appropriate accounting policies; and

(c) making accounting estimates that are reasonable in the circumstances.

Independent Auditors’ ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Foundation’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Committee, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.


I N D E P E N D E N T AU D I TO R S ’ R E P O RT TO T H E M E M B E R S O FB R E A S T C A N C E R F O U N DAT I O N(Society Registration No : ROS 207/97/TAP)

ReportingonotherregulatoryrequirementsDuring the course of our audit, nothing came to our attention that caused us to believe that: -

(i) the Foundation did not comply with the requirements of Regulation 15 (1) of the Charities Act, Cap. 37 (Institution of a Public Character) Regulations 2007 which states that the total fund-raising and sponsorship expensed for the financial period should not exceed 30% of the total gross receipts from fund-raising sponsorship for the period; and

(ii) the use of donation money received is not in accordance with the entity’s objectives.

OpinionIn our opinion,

(a) the accompanying financial statements are properly drawn up in accordance with the Constitution of the Foundation, the Charities Act, Cap. 37, the Societies Act, Cap. 311 and Singapore Financial Reporting Standards so as to give a true and fair view of the state of affairs of the Foundation as at 30 April 2010 and the results, changes in funds and cash flows of the Foundation for the year ended on that date;

(b) the accounting and other records required by the above regulations to be kept by the Foundation have been properly kept in accordance with those regulations; and

(c) the fund-raising appeals held during the financial year have been carried out in accordance with regulation 6 of the Societies Regulations issued under the Societies Act, Cap. 311 and proper accounts and other records have been kept of the fund-raising appeal.

RSM Chio Lim LLPPublic Accountants andCertified Public AccountantsSingapore

7 June 2010

Partner in charge of audit: Goh Swee HongEffective from year ended 30 April 2009


S TAT E M E N T O F F I NA N C I A L A C T I V I T I E SYear Ended 30 April 2010

Unrestricted Funds breast reebok Pink Cancer Pink ribbon awareness ribbon spin For General month Walk Life notes Fund 2009 2009 2009 total $ $ $ $ $2010 incoming resources Incoming resources from generated funds Voluntary income 543,642 156,406 19,020 104,725 823,793 Income from fund-raising trading activities 6,525 – – – 6,525 Investment Income 4 3,603 – – – 3,603Incoming resources from charitable activities 2,927 – – – 2,927Other incoming resources 372,687 160,255 108,600 7,795 649,337total incoming resources 929,384 316,661 127,620 112,520 1,486,185resources expended Cost of generating funds Fund-raising expenses 76,274 48,835 – 14,847 139,956Charitable activities expenses Support & volunteer 262,236 – – – 262,236 Awareness & education 160,060 – 74,637 – 234,697 Support cost 85,998 – – – 85,998Other operating and administration expenses Governance costs 95,243 – – – 95,243total resources expended 679,811 48,835 74,637 14,847 818,130net surplus for the Financial Year 249,573 267,826 52,983 97,673 668,055

The accompanying notes form an integral part of these financial statements.


Unrestricted Funds breast reebok Cancer Pink Pink awareness ribbon Carpet General month Walk evening notes Fund 2008 2008 2008 total $ $ $ $ $2009 incoming resources Incoming resources from generated funds Voluntary income 388,688 112,557 30,084 141,225 672,554 Income from fund-raising trading activities 9,971 – – – 9,971 Investment income 4 18,382 – – – 18,382Incoming resources from charitable activities 5,664 – – – 5,664Other incoming resources 200,400 158,576 69,190 – 428,166total incoming resources 623,105 271,133 99,274 141,225 1,134,737resources expended Cost of generating funds Fund-raising expenses 74,083 62,007 – 21,407 157,497Charitable activities expenses Support & volunteer 234,098 – – – 234,098 Awareness & education 116,488 – 13,874 – 130,362 Support cost 84,845 – – – 84,845Other operating and administration expenses Governance costs 95,912 – – – 95,912total resources expended 605,426 62,007 13,874 21,407 702,714net surplus for the Financial Year 17,679 209,126 85,400 119,818 432,023

A further analysis of the above items is presented in the supplementary schedules.

S TAT E M E N T O F F I NA N C I A L A C T I V I T I E SYear Ended 30 April 2010



notes 2010 2009 $ $assets non-Current assets Plant and Equipment 8 25,108 67,936Other Financial Assets 9 251,375 –total non-Current assets 276,483 67,936

Current assets Inventory 10 2,150 2,150Other Receivables 11 39,619 48,894Other Assets 12 15,065 –Cash and Cash Equivalents 13 3,365,108 2,923,112total Current assets 3,421,942 2,974,156total assets 3,698,425 3,042,092

FUnDs anD LiabiLities Current Liabilities Other Payable 14 4,500 4,354 Other Liability 15 – 11,868total Current Liabilities 4,500 16,222

Unrestricted Funds General Fund 16 3,693,925 3,025,870total Unrestricted Funds 3,693,925 3,025,870total Funds and Liabilities 3,698,425 3,042,092

S TAT E M E N T O F F I NA N C I A L P O S I T I O NAs at 30 April 2010

2010 2009 $ $Balance at Beginning of Year 3,025,870 2,593,847Net Surplus for the Financial Year 668,055 432,023Balance at End of Year 3,693,925 3,025,870

S TAT E M E N T O F C H A N G E S I N F U N D SYear Ended 30 April 2010



2010 2009 $ $Cash Flows From operating activities Net surplus for the Year 668,055 432,023Adjustments for: Interest Income (3,603) (18,382)Depreciation of Plant and Equipment 60,568 58,291Operating Cash Flow before Working Capital Changes 725,020 471,932Inventory – 5Other Receivables 9,275 44,559Other Asset (15,065) – Other Payable 146 (1,275)Other Liability (11,868) 2,525Net Cash Flows From Operating Activities 707,508 517,746

Cash Flows From investing activities Purchase of Plant and Equipment (17,740) (32,851)Purchase of Bonds (251,375) –Interest Received 3,603 18,382Net Cash Flows Used In Investing Activities (265,512) (14,469)

net increase in Cash and Cash equivalents 441,996 503,277 Cash and Cash Equivalents, Statement of Cash Flows, Beginning Balance 2,923,112 2,419,835Cash and Cash equivalents, statement of Cash Flows, ending balance (note 13) 3,365,108 2,923,112

S TAT E M E N T O F C A S H F L O W SYear Ended 30 April 2010



breast reebok Pink Cancer Pink ribbon awareness ribbon spin For General month Walk Life event Fund 2009 2009 2009 total $ $ $ $ $2010 inCominG resoUrCes incoming resources from generated funds Voluntary income Outright donation 543,642 156,406 19,020 104,725 823,793 Donation in kind – – – – – 543,642 156,406 19,020 104,725 823,793income from fund-raising trading activities BCF Shop 5,211 – – – 5,211 Positive Appearance Boutique 1,314 – – – 1,314 6,525 – – – 6,525investment income Fixed deposit and current account interest 3,603 – – – 3,603incoming resources from charitable activities Support/Volunteer - Commitments fees 2,927 – – – 2,927other incoming resources Miscellaneous donations 158,030 – – – 158,030 Other income 56,526 160,255 108,600 7,795 333,176 Pins donations 3,037 – – – 3,037 Pins donations – talk / exhibitions 4,481 – – – 4,481 Subsidy – – – – – Rental subsidy 150,613 – – – 150,613 372,687 160,255 108,600 7,795 649,337total incoming resources 929,384 316,661 127,620 112,520 1,486,185

S TAT E M E N T O F F I NA N C I A L A C T I V I T I E S - S U P P L E M E N TA RY S C H E D U L E SYear Ended 30 April 2010


S TAT E M E N T O F F I NA N C I A L A C T I V I T I E S - S U P P L E M E N TA RY S C H E D U L E S ( C O N T I N U E D )Year Ended 30 April 2010

breast reebok Pink Cancer Pink ribbon awareness ribbon spin For General month Walk Life Fund 2009 2009 2009 total $ $ $ $ $resoUrCes eXPenDeDCost of generating funds Fund-raising expenses Advertising / promotion – 168 – – 168 Bank charges 274 – – – 274 Cleaning / servicing 1,303 – – 463 1,766 Computer maintenance / servicing 1,240 – – – 1,240 Employer CPF 6,166 – – – 6,166 Medical / dental 134 – – – 134 Miscellaneous 30 45,261 – 8,267 53,558 On-line collection fees 535 – – 950 1,485 Postage / courier – 88 – – 88 Printing / stationery 1,023 1,841 – – 2,864 Refreshment 41 22 – 461 524 Rental of equipment – – – 4,609 4,609 Rental of premises 14,526 – – – 14,526 Salary 48,100 – – – 48,100 SDL 111 – – – 111 Seminar / course / conference 76 – – – 76 Telephone / fax / website 1,640 – – – 1,640 Transport 196 1,455 – 97 1,748 Utilities 879 – – – 879 76,274 48,835 – 14,847 139,956Charitable activities expensessupport & Volunteer Cleaning / servicing 9,121 – – – 9,121 Computer maintenance / servicing 1,560 – – – 1,560 Employer CPF 10,143 – – – 10,143 Medical / dental 438 – – – 438 Miscellaneous 10,367 – – – 10,367 Newsletters 2,800 – – – 2,800 Postage / courier 3,431 – – – 3,431 Printing / stationery 6,440 – – – 6,440 Refreshment 1,696 – – – 1,696 Rental of premises 101,682 – – – 101,682 Salary 87,100 – – – 87,100 SDL 203 – – – 203 Seminar / course / conference 2,288 – – – 2,288 Telephone / fax / website 4,569 – – – 4,569 Transport 783 – – – 783 Utilities 6,155 – – – 6,155 Visitation 330 – – – 330 Coaching fees 1,750 – – – 1,750 Miscellaneous 3,291 – – – 3,291 Repair & maintenance 6,948 – – – 6,948 Rental of boat 230 – – – 230 Seminar / Courses/ Conference 140 – – – 140 Transport 171 – – – 171 Uniform / costume 600 – – – 600 262,236 – – – 262,236



breast reebok Pink Cancer Pink ribbon awareness ribbon spin For General month Walk Life Fund 2009 2009 2009 total $ $ $ $ $resoUrCes eXPenDeD (Continued)awareness & education Employer CPF 8,822 – – – 8,822 Cleaning / servicing 1,303 – 2,750 – 4,053 Computer maintenance / servicing 1,560 – – – 1,560 Management fee – – 42,000 – 42,000 Medical / dental 492 – – – 492 Miscellaneous 1,311 – 19,105 – 20,416 Newsletter 2,800 – – – 2,800 Postage / courier 45,535 – – – 45,535 Printing / stationery 2,073 – – – 2,073 Rental of premises 14,526 – 2,000 – 16,526 Rental of equipment – – 5,250 – 5,250 Refreshment 88 – 1,440 – 1,528 Resources / materials 782 – – – 782 Salary 75,840 – – – 75,840 SDL 180 – – – 180 Seminar / course / conference 93 – – – 93 Telephone / fax / website 2,376 – – – 2,376 Transport 1,400 – 2,092 – 3,492 Utilities 879 – – – 879 160,060 – 74,637 – 234,697support Cost Bank charges 400 – – – 400 Employer CPF 7,387 – – – 7,387 Cleaning / servicing 1,303 – – – 1,303 Computer maintenance / servicing 995 – – – 995 Medical / dental 506 – – – 506 Miscellaneous 106 – – – 106 Postage / courier 117 – – – 117 Printing / stationery 884 – – – 884 Rental of premises 14,526 – – – 14,526 Refreshment 61 – – – 61 Salary 56,485 – – – 56,485 SDL 129 – – – 129 Seminar / course / conference 75 – – – 75 Telephone / fax / website 1,640 – – – 1,640 Transport 505 – – – 505 Utilities 879 – – – 879 85,998 – – – 85,998



breast reebok Pink Cancer Pink ribbon awareness ribbon spin For General month Walk Life Fund 2009 2009 2009 total $ $ $ $ $resoUrCes eXPenDeD (Continued)other operating and administration expensesGovernance costs Audit fees 16,848 – – – 16,848 Bank charges 162 – – – 162 Depreciation 60,568 – – – 60,568 Insurance 4,438 – – – 4,438 Miscellaneous 45 – – – 45 Postage / courier 4,438 – – – 4,438 Printing and stationery 5,450 – – – 5,450 Refreshment 196 – – – 196 Repair / maintenance 2,992 – – – 2,992 Transport 106 – – – 106 95,243 – – – 95,243total resources expended 679,811 48,835 74,637 14,847 818,130net surplus for the Financial Year 249,573 267,826 52,983 97,673 668,055



breast reebok Cancer Pink Pink awareness ribbon Carpet General month Walk evening Fund 2008 2008 2008 total $ $ $ $ $2009inCominG resoUrCesincoming resources from generated funds Voluntary income Outright donation 388,688 91,981 26,882 126,171 633,722 Donation in kind – 20,576 3,202 15,054 38,832 388,688 112,557 30,084 141,225 672,554 income from fund-raising trading activities BCF Shop 8,620 – – – 8,620 Positive Appearance Boutique 1,351 – – – 1,351 9,971 – – – 9,971 investment income Fixed deposit interest 18,382 – – – 18,382 incoming resources from charitable activities Support / Volunteer - Commitments fees 5,664 – – – 5,664

other incoming resources Miscellaneous donations 25,094 3,861 – – 28,955 Other income 13,758 – 69,190 – 82,948 Pins donations 390 154,715 – – 155,105 Pins donations – talk / exhibitions 4,481 – – – 4,481 Subsidy 21,900 – – – 21,900 Rental subsidy 134,777 – – – 134,777 200,400 158,576 69,190 – 428,166 total incoming resources 623,105 271,133 99,274 141,225 1,134,737



breast reebok Cancer Pink Pink awareness ribbon Carpet General month Walk evening Fund 2008 2008 2008 total $ $ $ $ $resoUrCes eXPenDeDFund-raising expenses Advertising / promotion – 244 – – 244 Donation in kind – 20,576 – 15,054 35,630 Cleaning / servicing 1,418 – – – 1,418 Computer maintenance / servicing 2,095 – – – 2,095 Employer CPF 6,154 – – – 6,154 Medical / dental 287 – – – 287 Miscellaneous 167 37,984 – 1,956 40,107 On line collection fees 55 – – – 55 Postage / courier 6 290 – 130 426 Printing / stationery 763 1,913 – 450 3,126 Refreshment 26 7 – 2,970 3,003 Rental of equipment – – – 600 600 Rental of premises 12,146 – – – 12,146 Salary 47,360 – – – 47,360 SDL 61 – – – 61 Seminar / course / conference 22 – – – 22 Telephone / fax / website 1,659 – – – 1,659 Transport 192 993 – 247 1,432 Utilities 1,672 – – – 1,672 74,083 62,007 – 21,407 157,497Charitable activities expensessupport & Volunteer Cleaning / servicing 9,923 – – – 9,923 Computer maintenance / servicing 2,917 – – – 2,917 Employer CPF 10,707 – – – 10,707 Medical / dental 582 – – – 582 Miscellaneous 899 – – – 899 Newsletters 9,160 – – – 9,160 Postage / courier 3,427 – – – 3,427 Printing / stationery 5,454 – – – 5,454 Refreshment 1,058 – – – 1,058 Rental of premises 85,022 – – – 85,022 Salary 85,100 – – – 85,100 SDL 200 – – – 200 Seminar / course / conference 3,201 – – – 3,201 Telephone / fax / website 3,576 – – – 3,576 Transport 411 – – – 411 Utilities 11,703 – – – 11,703 Visitation 758 – – – 758 234,098 – – – 234,098



breast reebok Cancer Pink Pink awareness ribbon Carpet General month Walk evening Fund 2008 2008 2008 total $ $ $ $ $resoUrCes eXPenDeD (Continued)awareness & education Donation in kind – – 3,202 – 3,202 Employer CPF 8,567 – – – 8,567 Cleaning / servicing 1,418 – 1,640 – 3,058 Computer maintenance / servicing 2,917 – – – 2,917 Medical / dental 670 – – – 670 Miscellaneous 116 – 4,576 – 4,692 Newsletter 9,160 – – – 9,160 Postage / courier 3,427 – – – 3,427 Printing / stationery 858 – 1,000 – 1,858 Rental of premises 12,146 – – – 12,146 Rental of equipment – – 1,200 – 1,200 Refreshment 53 – 1,534 – 1,587 Resources / materials 312 – – – 312 Salary 70,710 – – – 70,710 SDL 185 – – – 185 Seminar / course / conference 347 – – – 347 Telephone / fax / website 2,390 – – – 2,390 Transport 1,540 – 722 – 2,262 Utilities 1,672 – – – 1,672 116,488 – 13,874 – 130,362support Cost administrative Department Bank charges 380 – – – 380 Employer CPF 7,337 – – – 7,337 Cleaning / servicing 1,418 – – – 1,418 Computer maintenance / servicing 2,471 – – – 2,471 Medical / dental 310 – – – 310 Miscellaneous 108 – – – 108 Printing / stationery 933 – – – 933 Rental of premises 12,146 – – – 12,146 Refreshment 71 – – – 71 Salary 55,535 – – – 55,535 SDL 72 – – – 72 Seminar / course / conference 58 – – – 58 Telephone / fax / website 1,659 – – – 1,659 Transport 675 – – – 675 Utilities 1,672 – – – 1,672 84,845 – – – 84,845



breast reebok Cancer Pink Pink awareness ribbon Carpet General month Walk evening Fund 2008 2008 2008 total $ $ $ $ $resoUrCes eXPenDeD (Continued)other operating and administration expensesGovernance costs Accounting fees 2,050 – – – 2,050 Audit fees 17,777 – – – 17,777 Bank charges 132 – – – 132 Depreciation 58,291 – – – 58,291 Insurance 3,522 – – – 3,522 Miscellaneous 50 – – – 50 Postage / courier 3,366 – – – 3,366 Printing and stationery 5,984 – – – 5,984 Refreshment 245 – – – 245 Repair / maintenance 4,464 – – – 4,464 Transport 31 – – – 31 95,912 – – – 95,912total resources expended 605,426 62,007 13,874 21,407 702,714net surplus for the Financial Year 17,679 209,126 85,400 119,818 432,023




N OT E S TO T H E F I NA N C I A L S TAT E M E N T S30 April 2010

1. GeneralBreast Cancer Foundation (“the Foundation”) is established in Singapore under the Societies Act, Cap. 311. The financial statements are presented in Singapore dollars. It is also subject to the provisions of the Charities Act, Cap. 37. The financial statements were approved and authorised for issue by the committee (“the management”) on 7 June 2010.

The Foundation’s principal objects are:

a) to increase awareness of the public to the incidence of breast cancer and the importance of early detection;

b) to provide patients and the public with information on standards of medical care that they can expect for the detection and treatment of breast cancer;

c) to work closely with various cancer support groups and to centralise and optimise efforts against breast cancer and at eradicating breast cancer as a life-threatening disease in Singapore;

d) to provide improved support and medical facilities for breast cancer patients and their families;

e) to implement schemes to help breast cancer patients and their families who require financial support for their treatment; and

f) to financially support research in the prevention and cure for breast cancer.

In furtherance of the above objects, the Foundation may

i) establish centres for the provision of support and medical facilities;

ii) co-ordinate with medical organisations to provide training for medical staff to handle breast cancer patients more effectively.

iii) liaise with government departments and employers in the private sector with regard to providing financial support and savings/insurance programs to breast cancer patients; and

iv) undertake any other activities as are incidental or conducive to the attainment of the above objectives.

The registered office is: 26 Dunearn Road Singapore 309423. The Foundation is domiciled in Singapore.



2. SummaryofSignificantAccountingPolicies Accounting Convention

The financial statements have been prepared in accordance with the Singapore Financial Reporting Standards (“FRS”) and the related Interpretations to FRS (“INT FRS”) as issued by the Singapore Accounting Standards Council, the Societies Act, Cap. 311 and the Statement of Recommended Accounting Practice 6 “Accounting and Reporting by Charities” issued by the Institute of Certified Public Accountants of Singapore. The Foundation is also subject to the provisions of the Charities Act, Cap. 37. Where presentation guidance set out in the Statement of Recommended Accounting Practice 6 (“RAP 6”) is consistent with the requirements of FRS, the Foundation has sought to prepare the financial statements on a basis compliant with the recommendations of RAP 6. The financial statements are prepared on a going concern basis under the historical cost convention except where an FRS requires an alternative treatment (such as fair values) as disclosed where appropriate in these financial statements.

Basis of Preparation The preparation of financial statements in conformity with generally accepted accounting principles requires the management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The estimates and assumptions are reviewed on an ongoing basis. Apart from those involving estimations, management has made judgements in the process of applying the Foundation’s accounting policies. The areas requiring management’s most difficult, subjective or complex judgements, or areas where assumptions and estimates are significant to the financial statements, are disclosed at the end of this footnote, where applicable.

Revenue Recognition The revenue amount is the fair value of the consideration received or receivable from the gross inflow of economic benefits during the year arising from the course of the ordinary activities of the Foundation and it is shown net of related tax and subsidies. Revenue from sale of goods is recognised when significant risks and rewards of ownership are transferred to the buyer, there is neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold, the amount of revenue and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from rendering of services that are of short duration is recognised when the services are completed.

(i) Donations and corporate cash sponsorships Revenue from donations and corporate cash sponsorships are accounted for when received, except for committed

donations and corporate cash sponsorships that are recorded when the commitments are signed.

(ii) Fund-raising Revenue from special event is recognised when the event takes place.

(iii) Sale of greeting cards Revenue from sale of greeting cards is recognised when the greeting cards have been delivered to the customers and

the customers have accepted the greeting cards and collectibility of the related receivables is reasonably assured.

(iv) Other revenue Interest revenue is recognised on a time-proportion basis using the effective interest rate that takes into account the

effective yield on the asset. Rental subsidy is recognised on a time-proportion basis.



2. SummaryofSignificantAccountingPolicies(Continued)EmployeeBenefitsContributions to defined contribution retirement benefit plans are recorded as an expense as they fall due. The entity’s legal or constructive obligation is limited to the amount that it agrees to contribute to an independently administered fund which is the Central Provident Fund in Singapore (a government-managed retirement benefit plan). For employee leave entitlement the expected cost of short-term employee benefits in the form of compensated absences is recognised in the case of accumulating compensated absences, when the employees render service that increases their entitlement to future compensated absences; and in the case of non-accumulating compensated absences, when the absences occur. A liability for bonuses is recognised where the entity is contractually obliged or where there is constructive obligation based on past practice.

Gifts In Kind A gift in kind is included in the statement of financial activities based on an estimate of the fair value at the date of the receipt of the gift of the non-monetary asset or the grant of a right to the monetary asset. The gift is recognised if the amount of the gift can be measured reliably and there is no uncertainty that it will be received.

Income TaxAs a Charity, the Foundation is exempted from tax on income and gains falling within section 13U(1) of the Income Tax to the extent that these are applied to its charitable objects. No tax charges have arisen in the Foundation.

PlantandEquipmentDepreciation is provided on a straight-line basis to allocate the gross carrying amounts of the assets less their residual values over their estimated useful lives of each part of an item of these assets. The annual rates of depreciation are as follows:

Office equipment – 20%Renovation – 33%Other assets – 33%

An asset is depreciated when it is available for use until it is derecognised even if during that period the item is idle. Fully depreciated assets still in use are retained in the financial statements.

Plant and equipment are carried at cost on initial recognition and after initial recognition at cost less any accumulated depreciation and any accumulated impairment losses. The gain or loss arising from the derecognition of an item of plant and equipment is determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item and is recognised in the profit or loss. The residual value and the useful life of an asset is reviewed at least at each end of the reporting year, and if expectations differ significantly from previous estimates, the changes are accounted for as a change in an accounting estimate, and the depreciation charge for the current and future periods are adjusted.

Cost also includes acquisition cost, any cost directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Subsequent cost are recognised as an asset only when it is probable that future economic benefits associated with the item will flow to the entity and the cost of the item can be measured reliably. All other repairs and maintenance are charged to profit or loss when they are incurred.

Leased AssetsLeases are classified as finance leases if substantially all the risks and rewards of ownership are transferred to the lessee. All other leases are classified as operating leases. For operating leases, lease payments are recognised as an expense in the income statement on a straight-line basis over the term of the relevant lease unless another systematic basis is representative of the time pattern of the user’s benefit, even if the payments are not on that basis. Lease incentives received are recognised in the income statement as an integral part of the total lease expense.



2. SummaryofSignificantAccountingPolicies(Continued)Reserves PolicyThe Committee has examined the Foundation’s requirements for reserves in light of the main risks to the Foundation. The current strategy is to build reserves through planned operating surpluses. The reserves are needed to meet the working capital requirements of the Foundation and the Committee is confident that at this level they would be able to continue the current activities of the Foundation in the event of a significant drop in funding. The unrestricted funds not committed or invested in tangible fixed assets held by the charity should be able to meet the short-term working capital requirements of the Foundation.

Impairment of Non-Financial AssetsIrrespective of whether there is any indication of impairment, an annual impairment test is performed at the same time every year on an intangible asset with an indefinite useful life or an intangible asset not yet available for use. The carrying amount of other non-financial assets is reviewed at each reporting date for indications of impairment and where an asset is impaired, it is written down through profit or loss to its estimated recoverable amount. The impairment loss is the excess of the carrying amount over the recoverable amount and is recognised in the profit or loss. The recoverable amount of an asset or a cash-generating unit is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units). At each end of the reporting year non-financial assets other than goodwill with impairment loss recognised in prior periods are assessed for possible reversal of the impairment.

An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.

Financial AssetsInitial recognition and measurement:A financial asset is recognised on the balance sheet when, and only when, the entity becomes a party to the contractual provisions of the instrument. The initial recognition of financial assets is at fair value normally represented by the transaction price. The transaction price for financial asset not classified at fair value through income statement includes the transaction costs that are directly attributable to the acquisition or issue of the financial asset. Transaction costs incurred on the acquisition or issue of financial assets classified at fair value through profit and loss are expensed immediately. The transactions are recorded at the trade date. Irrespective of the legal form of the transactions performed, financial assets are derecognised when they pass the “substance over form” based derecognition test prescribed by FRS 39 relating to the transfer of risks and rewards of ownership and the transfer of control.



2. SummaryofSignificantAccountingPolicies(Continued)Financial Assets (Continued)Subsequent measurement:Subsequent measurement based on the classification of the financial assets in one of the following four categories under FRS 39 is as follows:

1. Financial assets at fair value through profit and loss: As at end of the reporting year there were no financial assets classified in this category.

2. Loans and receivables: Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Assets that are for sale immediately or in the near term are not classified in this category. These assets are carried at amortised costs using the effective interest method (except that short-duration receivables with no stated interest rate are normally measured at original invoice amount unless the effect of imputing interest would be significant) minus any reduction (directly or through the use of an allowance account) for impairment or uncollectibility. Impairment charges are provided only when there is objective evidence that an impairment loss has been incurred as a result of one or more events that occurred after the initial recognition of the asset (a ‘loss event’) and that loss event (or events) has an impact on the estimated future cash flows of the financial asset or group of financial assets that can be reliably estimated. The methodology ensures that an impairment loss is not recognised on the initial recognition of an asset. Losses expected as a result of future events, no matter how likely, are not recognised. For impairment, the carrying amount of the asset is reduced through use of an allowance account. The amount of the loss is recognised in the income statement. An impairment loss is reversed if the reversal can be related objectively to an event occurring after the impairment loss was recognised. Typically the trade and other receivables are classified in this category.

3. Held-to-maturity financial assets: These are non-derivative financial assets with fixed or determinable payments and fixed maturity that the entity has the positive intention and ability to hold to maturity. Financial assets that upon initial recognition are designated as at fair value through profit or loss or available-for-sale and those that meet the definition of loans and receivables are not classified in this category. These assets are carried at amortised costs using the effective interest method minus any reduction (directly or through the use of an allowance account) for impairment or uncollectibility. Impairment charges are provided only when there is objective evidence that an impairment loss has been incurred. If that is the case, the carrying amount of the asset is reduced through use of an allowance account. The gains and losses are recognised in profit or loss when the investments are derecognised or impaired, as well as through the amortisation process. Impairment losses recognised in profit or loss are subsequently reversed if an increase in the fair value of the instrument can be objectively related to an event occurring after the recognition of the impairment loss. Long-term investments in bonds and debt securities are usually classified in this category.

4. Available-for-sale financial assets: As at end of the reporting year date there were no financial assets classified in this category.

CashandcashequivalentsCash and cash equivalents include bank and cash balances, on demand deposits and any highly liquid debt instruments purchased with an original maturity of three months or less. For the cash flow statement the item includes cash and cash equivalents less cash subject to restriction and bank overdrafts payable on demand that form an integral part of cash management.



2. SummaryofSignificantAccountingPolicies(Continued)Financial LiabilitiesInitial recognition and measurement:A financial liability is recognised on the balance sheet when, and only when, the entity becomes a party to the contractual provisions of the instrument. The initial recognition of financial liability is at fair value normally represented by the transaction price. The transaction price for financial liability not classified at fair value through income statement includes the transaction costs that are directly attributable to the acquisition or issue of the financial liability. Transaction costs incurred on the acquisition or issue of financial liability classified at fair value through profit are expensed immediately. The transactions are recorded at the trade date.

Financial liabilities including bank and other borrowings are classified as current liabilities unless there is an unconditional right to defer settlement of the liability for at least 12 months after the end of the reporting year.

Subsequent measurement:Subsequent measurement based on the classification of the financial liability in one of the following two categories under FRS 39 is as follows:

1. Liabilities at fair value through profit and loss: As at end of the reporting year date there were no financial liabilities classified in this category.

2. Other financial liabilities: All liabilities, which have not been classified as in the previous category fall into this residual category. These liabilities are carried at amortised cost using the effective interest method. Trade and other payables and borrowings are classified in this category. Items classified within current trade and other payables are not usually re-measured, as the obligation is usually known with a high degree of certainty and settlement is short-term.

Fair value of Financial InstrumentsThe carrying values of current financial instruments approximate their fair values due to the short-term maturity of these instruments. Disclosures of fair value are not made when the carrying amount of current financial instruments is a reasonable approximation of fair value. The fair values of non-current financial instruments may not be disclosed separately unless there are significant differences at the end of the reporting year and in the event the fair values are disclosed in the relevant notes. The maximum exposure to credit risk is the fair value of the financial instruments at the end of the reporting year. The fair value of a financial instrument is derived from an active market or by using an acceptable valuation technique. The appropriate quoted market price for an asset held or liability to be issued is usually the current bid price without any deduction for transaction costs that may be incurred on sale or other disposal and, for an asset to be acquired or for liability held, the asking price. If there is no market, or the markets available are not active, the fair value is established by using an acceptable valuation technique. The fair value measurements are classified using a fair value hierarchy of 3 levels that reflects the significance of the inputs used in making the measurements, that is, Level 1 for the use of quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 for the use of inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and Level 3 for the use of inputs for the asset or liability that are not based on observable market data (unobservable inputs). The level is determined on the basis of the lowest level input that is significant to the fair value measurement in its entirety. Where observable inputs that require significant adjustment based on unobservable inputs, that measurement is a Level 3 measurement.

Inventories Inventories are measured at the lower of cost (first in first out method) and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. A write down on cost is made for where the cost is not recoverable or if the selling prices have declined. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.



2. SummaryofSignificantAccountingPolicies(Continued)FundsFund balances restricted by outside sources are so indicated and are distinguished from unrestricted funds allocated to specific purposes if any by action of the management. Externally restricted funds may only be utilised in accordance with the purposes established by the source of such funds and are in contrast with unrestricted funds over which management retains full control to use in achieving any of its institutional purposes.

Government GrantsA government grant is recognised at fair value when there is reasonable assurance that the conditions attaching to it will be complied with and that the grant will be received. A grant in recognition of specific expenses is recognised as income over the periods necessary to match them with the related costs that they are intended to compensate, on a systematic basis. A grant related to depreciable assets is allocated to income over the period in which such assets are used in the project subsidised by the grant. A government grant related to assets, including non-monetary grants at fair value, is presented in the statement of financial position by settling up the grant as a deferred income.

Provisions A liability or provision is recognised when there is a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are made using best estimates of the amount required in settlement and where the effect of the time value of money is material, the amount recognised is the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense. Changes in estimates are reflected in the income statement in the period they occur.

Critical Judgements, Assumptions And Estimation UncertaintiesThere were no critical judgements made in the process of applying the accounting policies that have the most significant effect on the amounts recognised in the financial statements. There were no key assumptions concerning the future, and other key sources of estimation uncertainty at the balance sheet date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

3. RelatedPartyTransactionsFRS 24 defines a related party as an entity or person that directly or indirectly through one or more intermediaries controls, is controlled by, or is under common or joint control with, the entity in governing the financial and operating policies, or that has an interest in the entity that gives it significant influence over the entity in financial and operating decisions. It also includes members of the key management personnel or close members of the family of any individual referred to herein and others who have the ability to control, jointly control or significantly influence by or for which significant voting power in such entity resides with, directly or indirectly, any such individual. The definition includes parents, subsidiaries, fellow subsidiaries, associates, joint ventures and post-employment benefit plans, if any. It is not the normal practice for the committee members, or people connected with them, to receive remuneration, or other benefits, from the Foundation for which they are responsible, or from institutions connected with the Foundation.

The Foundation has not met individual expenses incurred by committee members for services provided to the Foundation, either by reimbursement of the committee members or by providing the committee members with an allowance or by direct payment to a third party. The committee members did not receive any compensation during the year.

There are no related party transactions for the financial years ended 30 April 2010 and 2009.



4. InvestmentIncome 2010 2009 $ $ Interest income 3,603 18,382

5. ItemsintheStatementofFinancialActivities The statement of financial activities includes the following charges: 2010 2009 $ $

Audit fees 16,500 17,777Non-audit fees to independent auditors included

under costs of charitable activities 348 2,050

6. TaxExemptReceiptsThe Foundation enjoys a concessionary tax treatment whereby qualifying donors are granted double tax deduction for the donations made to the Foundation. For donations made to the Foundation in 2009, tax deduction will be increased from double to 2.5 times. This status was renewed for 2 years with effect from February 2009 under the Health Endowment Fund Decentralised Scheme.

Year ended Year ended 30 april 30 april 2010 2009 $ $ The Foundation issued their exempt receipts for donations collected 823,793 633,722

7. EmployeeBenefitsExpense 2010 2009 $ $

Employee benefits expense 267,525 258,705 Contributions to defined contribution plan 32,518 32,766 Total employee benefits expense 300,043 291,471

Included in employee benefits expense above is remuneration paid to a key management personnel and it fell within the remuneration band of $50,001 - $100,000 (2009 $50,001 - $100,000).



8. PlantandEquipment office other equipment renovation assets total $ $ $ $

Cost: At 1 May 2008 100,014 212,943 106,622 419,579

Additions – – 32,851 32,851At 30 April 2009 100,014 212,943 139,473 452,430

Additions – – 17,740 17,740 At 30 April 2010 100,014 212,943 157,213 470,170

Accumulated Depreciation: At 1 May 2008 91,459 142,792 91,952 326,203

Charge for the year 3,429 35,076 19,786 58,291At 30 April 2009 94,888 177,868 111,738 384,494

Charge for the year 2,794 35,075 22,699 60,568 At 30 April 2010 97,682 212,943 134,437 445,062

Net book value: At 1 May 2008 8,555 70,151 14,670 93,376 At 30 April 2009 5,126 35,075 27,735 67,936 At 30 April 2010 2,332 – 22,776 25,108

Depreciation expenses have been charged to the General Fund.

9. OtherFinancialAssets 2010 2009 $ $

Movement during the year – at amortised cost: Amortised cost at beginning of the year – –

Additions at cost 251,375 – Amortised cost at end of the year 251,375 –

Balance is made up of: Quoted bonds in corporations 251,375 –

The quoted bond has rate of interest at 3.4875% per annum and matures on 8 April 2020.

10.Inventory 2010 2009 $ $ Bags 2,150 2,150

11. OtherReceivables 2010 2009 $ $

Deposits to secure services 14,390 13,890 Others 25,229 35,004 Total other receivables 39,619 48,894



12.OtherAssets 2010 2009 $ $ Prepayments 15,065 –

13.CashandCashEquivalents 2010 2009 $ $

Not restricted in use 3,365,108 2,923,112Interest earning balances 1,333,177 2,244,706

The rate of interest for the cash on interest earning accounts is between 0.1% and 0.4% per annum (2009: 0.10% and 2.43%) reviewed periodically.

14. OtherPayable 2010 2009 $ $ Outside parties 4,500 4,354

15. OtherLiability 2010 2009 $ $ Rental subsidy received in advance – 11,868

16.FundAccountBalances breast reebok Pink Cancer Pink ribbon awareness ribbon spin For General month Walk Life Fund 2009 2009 2009 total $ $ $ $ $

balance at 1 may 2009 3,025,870 – – – 3,025,870Net income/ (expenditure) recognised directly in funds 249,573 267,826 52,983 97,673 668,055

Transfers from/(to) funds 418,482 (267,826) (52,983) (97,673) – balance at 30 april 2010 3,693,925 – – – 3,693,925

(i) (ii) (iv)



16.FundAccountBalances(Continued) breast reebok Cancer Pink Pink awareness ribbon Carpet General month Walk evening Fund 2008 2008 2008 total $ $ $ $ $

balance at 1 may 2008 2,593,847 – – – 2,593,847Net income recognised directly in funds 17,679 209,126 85,400 119,818 432,023

Transfers from/(to) funds 414,344 (209,126) (85,400) (119,818) – balance at 30 april 2009 3,025,870 – – – 3,025,870

(i) (ii) (iii)

(i) “Wear the Pink Ribbon Contest” is one of the major events organised by the Foundation in conjunction with Breast Cancer Awareness Month in October. The event aims to raise awareness of breast cancer and the need for early detection by encouraging as many people as possible to wear the Pink Ribbon Pin throughout the month.

(ii) The Reebok Pink Ribbon Walk was held to launch the Breast Cancer Awareness Month.

(iii) The funds from the Pink Carpet Evening will go towards promoting breast cancer awareness and providing support for women affected by this illness. This event also marked the end of the Breast Cancer Awareness Month 2008.

(iv) The Pink Ribbon Spin For Life was held to mark the end of the end of the Breast Cancer Awareness Month 2009.

17.OperatingLeasePaymentCommitmentsAt the statement of financial position date, the total of future minimum lease payments under non-cancellable operating leases are as follows:

2010 2009 $ $

Not later than one year 138,000 146,880 Later than one year and not later than five years 80,000 218,000 Rental expense for the financial periods 163,200 121,460

Operating lease payments are for rentals payable by the Foundation for its premises. The lease rental terms are negotiated for an average term of three years and rentals are subject to an escalation clause but the amount of the rent increase is not to exceed a certain percentage. Such increases are not included in the above amounts.



18.FinancialInstruments:InformationonFinancialRisks 18A. ClassificationofFinancialAssetsandLiabilities

The following table summarises the carrying amount of financial assets and liabilities recorded at the end of the reporting year by FRS 39 categories:

2010 2009 $ $

Financial assets:Cash and cash equivalents 3,365,108 2,923,112Other receivables 39,619 48,894

Other financial assets 251,375 – At end of year 3,656,102 2,972,006

Financial liabilities: Other payables 4,500 4,354 At end of year 4,500 4,354

Further quantitative disclosures are included throughout these financial statements.

18B. FinancialRiskManagementThe main purpose for holding or issuing financial instruments is to raise and manage the finances for the entity’s operating, investing and financing activities. There is exposure to the financial risks on the financial instruments such as credit risk, liquidity risk and market risk comprising interest rate and price risk exposures. The management has certain practices for the management of financial risks. The following guidelines are followed: All financial risk management activities are carried out and monitored by senior management staff. All financial risk management activities are carried out following good market practices.

18C. FairValuesofFinancialInstruments 18C.1. Fairvalueoffinancial instrumentsstatedatamortisedcost inthestatementoffinancial

positionThe financial assets and financial liabilities at amortised cost are at a carrying amount that is a reasonable approximation of fair value except as disclosed below:

Carrying amount Fair value (Level 1) 2009 2008 2009 2008 $ $ $ $

Financial assets at amortised cost: Held-to-maturity investments 251,375 – 254,106 –



18. FinancialInstruments:InformationonFinancialRisks(Continued) 18D. CreditRiskonFinancialAssets

Financial assets that are potentially subject to concentrations of credit risk and failures by counterparties to discharge their obligations in full or in a timely manner consist principally of cash balances with banks, cash equivalents and receivables, and other financial assets. The maximum exposure to credit risk is: the total of the fair value of the financial instruments; the maximum amount the entity could have to pay if the guarantee is called on; and the full amount of any loan payable commitment at the end of the reporting year. Credit risk on cash balances with banks and any derivative financial instruments is limited because the counter-parties are entities with acceptable credit ratings. Credit risk on other financial assets is limited because the other parties are entities with acceptable credit ratings. For credit risk on receivables an ongoing credit evaluation is performed on the financial condition of the debtors and a loss from impairment is recognised in profit or loss. The exposure to credit risk is controlled by setting limits on the exposure to individual customers and these are disseminated to the relevant persons concerned and compliance is monitored by management. There is no significant concentration of credit risk, as the exposure is spread over a large number of counter-parties and customers.

All unencumbered bank deposits with the banks licensed by the Monetary Authority of Singapore are guaranteed by the Singapore Government until 31 December 2010.

Note 13 discloses the maturity of the cash and cash equivalents balances.

18E. LiquidityRiskThe liquidity risk is managed on the basis of expected maturity dates of the financial liabilities. The other payables are with short-term durations.

The Foundation has sufficient cash balances to support cash commitments from their existing liabilities. The Foundation does not have any banking facilities.

18F. InterestRateRisk The following table analyses the breakdown by type of interest rate:

2010 2009 $ $ Financial assets: Fixed rates 1,584,552 2,244,706 At end of year 1,584,552 2,244,706

Sensitivity analysis: The effect on statement of financial activities is not significant.



19. ChangesandAdoptionofFinancialReportingStandardsFor the year ended 30 April 2010 the following new or revised Singapore Financial Reporting Standards were adopted. The new or revised standards did not require any modification of the measurement methods or the presentation in the financial statements.

Frs no. titleFRS 1 Presentation of Financial Statements (Revised)FRS 18 Revenue (Amendments)FRS 23 Borrowing Costs (Amendments) (*)FRS 32 Financial Instruments: Presentation and FRS 1 Presentation of Financial Statements – Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments) (*)FRS 27 Consolidated and Separate Financial Statements – Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (Amendments) (*)FRS 102 Share-based Payment – Vesting Conditions and Cancellations (Amendments) (*)FRS 103 Business Combinations and consecutive amendments in other FRSs (Revised) (*)FRS 107 Financial Instruments: Disclosures (Amendments)FRS 108 Operating Segments (*) INT FRS 109 Reassessment of Embedded Derivatives and FRS 39 Financial Instruments: Recognition and Measurement – Embedded Derivatives (Amendments) (*) INT FRS 113 Customer Loyalty Programs (*)INT FRS 116 Hedges of a Net Investment in a Foreign Operation (*)INT FRS 117 Distributions of Non-cash Assets to Owners (*)INT FRS 118 Transfers of Assets from Customers (*)

(*) Not relevant to the entity.

The main objective of revising FRS 1 was to aggregate information in the financial statements on the basis of shared characteristics. All owner changes in equity is presented in the statement of changes in equity, separately from non-owner changes in equity. It does not change the recognition, measurement or disclosure of specific transactions and other events required by other FRSs. It introduces a requirement to include in a complete set of financial statements, a statement of financial position as at the beginning of the earliest comparative period whenever the entity retrospectively applies an accounting policy or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in its financial statements.



20. FutureChangesinFinancialReportingStandardsThe following new or revised Singapore Financial Reporting Standards that have been issued will be effective in future. The transfer to the new or revised standards from the effective dates is not expected to result in material adjustments to the financial position, results of operations, or cash flows for the following year.

Frs no. title effective date for periods beginning on or afterFRS 27 Consolidated and Separate Financial Statements (Amendments) (*) 01.07.2009FRS 38 Intangible Assets (Amendments) (*) 01.07.2009FRS 39 Financial Instruments: Recognition and Measurement – Eligible Hedged Item (Amendments) (*) 01.07.2009FRS 102 Share-based Payment (Amendments) (*) 01.07.2009FRS 103 Business Combinations (Revised) (*) 01.07.2009FRS 105 Non-current Assets Held for Sale and Discontinued Operations (Amendments) (*) 01.07.2009INT FRS 109 Reassessment of Embedded Derivatives (Amendments) (*) 01.07.2009INT FRS 116 Hedges of a Net Investment in a Foreign Operation (Amendments) (*) 01.07.2009INT FRS 117 Distributions of Non-cash Assets to Owners (*) 01.07.2009INT FRS 118 Transfers of Assets from Customers (*) 01.07.2009FRS 1 Presentation of Financial Statements (Amendments) 01.01.2010FRS 7 Statement of Cash Flows (Amendments) 01.01.2010FRS 17 Leases (Amendments) 01.01.2010FRS 36 Impairment of Assets (Amendments) 01.01.2010FRS 39 Financial Instruments: Recognition and Measurement (Amendments) 01.01.2010FRS 105 Non-current Assets Held for Sale and Discontinued Operations (Amendments) (*) 01.01.2010FRS 108 Operating Segments (Amendments) (*) 01.01.2010

(*) Not relevant to the entity.

Breast Cancer Foundation / Annual Report 2009/201048

26 Dunearn Road Singapore 309423Tel: 6352 6560 Fax: 6532 5808

Helpline: 6356 0123

Email: [email protected]: www.bcf.org.sg

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