The donations that stream in during the year reflect the community’s confidence in our programmes and services. To assure the community of AMP’s commitment towards corporate governance and transparency, AMP developed a reserve policy in 2010 to build up and maintain a reserve of between one and five years of its annual operating expenditure. This reserve is reviewed by the Finance Committee at least once a year. This reserve will also act as a buffer in the event of tough times to ensure the continuity of AMP’s services to its clients and beneficiaries.
To view AMP’s financial performance over the last five years, click here.
AMP, as a registered charity and an Institution of Public Character, is required to comply with the Charity Council’s Code of Governance. As part of the process of transparency and good governance, AMP does a self evaluation on the compliance of the Code online through the Charity Portal at www.charities.gov.sg.
You can view the evaluation done on AMP’s compliance with the Code of Governance here.