Woodbridge Hospital Charity Fund (WHCF) is a Company Limited by Guarantee, incorporated on 28 November 2019 in Singapore. WHCF has been registered as a charity under the Charities Act (1994) and with IPC (Institution of a Public Character) status under the Ministry of Health since 2000. Our current approval as an IPC is valid until 27 Feb 2027. WHCF has a Constitution as its governing instrument. We have won the Charity Transparency Awards accorded by the Ministry of Culture, Community and Youth (MCCY) in 2022 and 2024.
Name of Bankers: DBS
Name of Lawyers: NHG Group Legal Department
Name of Investment Advisor: NA
Name of Auditor: As appointed by NHG Group
Name of Corporate Secretary: As appointed by NHG Group
As a registered charity and Institution of a Public Character, we abide by the Code of Governance (2024) issued by the Charity Council. Guidelines are provided for a broad range of issues including Board Governance, Conflicts of Interest, Financial Management and Controls, Disclosure and Transparency. We are required to submit a Governance Evaluation Checklist (GEC) in accordance with the requirements of the Charity Council.
We fully comply with the requirements of the Singapore Personal Data Protection Act (2012).
Documented policies and procedures are in place for financial matters in key areas, including procurement, receipting, payment, and quotation sourcing, delegation of authority and limits of approval.
We have a whistle-blowing policy. If you have any suggestions or feedback, please write to https://www.nhghealth.com.sg/whistle-blowing
All Board Directors and Volunteers must sign off on our Code of Conduct.
All Board Directors and Sub-Committee Members must make annual declarations for Conflict of Interest.
We have a Corporate Governance statement
OUR COMMITMENTS to Environmental, Social and Governance
ENVIRONMENTAL
We have a comprehensive and secure IT system, and no longer store, require, or process any hard copies.
SOCIAL
We work closely with many corporate partners to help them fulfil their CSR obligations. Our staff also actively volunteer with other SSAs
GOVERNANCE
We comply with all the applicable regulations, including the Code of Governance 2024. We won the Charity Transparency Awards accorded by MCCY.
Annual Financial and Donor Reports
Policy on Reserves
The Fund aims to hold adequate funds to meet its operational needs of its on-going programmes.
Thus it targets to maintain a reserve ratio of two years’ expenditures which is deemed sufficient to fund its operation in the short term while it explores opportunities to raise fund on an ad hoc basis to meet its medium to long term needs.
Policy on Investment of The Fund
The investment policy of The Fund shall be guided by the principles of generating returns while protecting capital. As such, all investment of reserves and surplus funds must be in low risk, safe and conservative instruments. Hence, The Fund shall be placed in fixed deposits and/or government bonds. The interest income derived from the fixed deposit placement, bonds and investment instruments shall be credited back to The Fund.
