Financial & Non-Financial

Financial Information 

Income Table

 

Income FY2012 ($’000)
(15 months)
FY2013 ($’000) FY2014 ($’000) FY2015 ($’000) % Increase / (Decrease)
FY2015 from FY2014
Donations in cash
  – Tax Deductible 1,667 1,302 1,274 2,298 80.38%
  – Non-Tax Deductible 311 406 538 374 -30.48%
Donations in Kind 75 104 138 71 -48.55%
Grants/Sponsorships 6,335 6,054 6,311 8,897 40.98%
Fees for Services Provided 2,924 2,848 2,882 2,963 2.81%
Investment Income 68 44 62 84 35.48%
Investment Gains NA NA NA NA NA
Others (Please specify if material) 0 2 5 10 100%
Total Income 11,380 10,760 11,210 14,697 4.18%

Expenses Table

 

Expenses 2012 ($’000)
(15 months)
2013 ($’000) 2014 ($’000) 2015 ($’000) % Increase /
(Decrease)
FY2015 from
FY2014
Direct Fund-raising Expenses 124 169 66 636 863.64%
Charitable Activities Expenses
  –  Local 9,223 8,843 9,229 10,973 18.90%
  – Overseas NA NA NA NA
Other Operating & Administration Expenses 241 218 220 231 5.00%
Others (Please specify if material) NA NA NA NA NA
Total Expenditure 9,588 9,230 9,515 11,840 24.44%
Surplus (Deficit) 1,792 1,530 1,695 2,857 68.55%

Assets Table

 

Assets FY2012 ($’000)
(15 months)
FY2013 ($’000) FY2014 ($’000) FY2015 ($’000) % Increase / (Decrease)
FY2015 from FY2014
Land and Building 10,812 7,793 4,774 4,687 -1.82%
Other Tangible Assets 522 507 515 1,758 241.36%
Investments
Inventories
Accounts Receivable 337 314 280 297 6.07%
Cash & Deposits 11,235 12,757 16,664 18,466 10.81%
Cothers (please specify if material) 420 410 405 2,346 479.26%
Total Assets 23,326 21,781 22,638 27,554 21.72%

Funds Table

 

Funds 2012 ($’000)
(15 months)
2013 ($’000) 2014 ($’000) 2015 ($’000) % Increase /
(Decrease)
FY2015 from
FY2014
Unrestricted Fund 21,172 19,584 17,679  21,556 21.93%
Restricted FundNA 1,199 1,328 3,856  4,188 8.61%
Building Fund NA NA NA NA NA
Endowment Fund NA NA NA NA NA
 Total Funds 22,371 20,912 21,535  25,744 19.54%
Liabilities
Long-Term Liabilities NA NA NA  NA NA
Current Liabilities 955 869 1,103  1,810 64.10%
Total Liabilities 955 869 1,103  1,810 64.10%
Total Funds and Liabilities 23,326 21,781 22,638  27,554 21.72%

Other Information

 

Other Information FY2012 ($’000)
(15 months)
FY2013 ($’000) FY2014 ($’000) FY2015 ($’000) % Increase / (Decrease)
FY2015 from FY2014
Donations/Grants and
Sponsorships given to other Charities (S$’000)
NA NA NA NA NA
No. of Employees 192 193 197 202 2.54%
Total Employee Costs (S$’000) $5,546 $5,272 $5,528 $5,580 0.94%
Total Related Party
Transactions (S$’000)
NA NA NA NA NA
Fund-raising efficiency (%) 6% 10% 4% 23.80%
Ratio of reserves to
annual operating expenditure
2.29 2.21 1.92 1.96

Residential Care

 

As at 31st Mar 2016 Bishan Bedok Total
Number of Residents 160 121 281
Number of Subsidised Cases 99 86 185
Number of Non-subsidised Cases 9 3 12
Number of PA / MFEC Cases 50 32 82
TCF Cases 2 0 2

Charity Status

 

Charity Registration Number 0146
Charity Registration Date 28 February 1985
UEN S80SS0029B
Constitution Registered Society
Date of Establishment 16 May 1980
ROS Registration Number ROS 237/79 WEL

GST

Lions Home for the Elders is a GST registered organisation.
All goods and services rendered by us would be subject to GST. Our registration number is M90007299Y.

A Member of Health Endowment Fund (HEF)

Objectives

  • To provide shelter and care to the aged destitute and those in need of nursing or respite care, ambulant, non-ambulant sick, or otherwise, regardless of their race, gender or religion

 

  • To attain the above objectives and provided that nothing is done solely for profit or commercial reasons, the Lions Home for the Elders shall:
  • Acquire, build or, maintain a Home or Home(s) to accommodate the aged destitute and/or the aged sick
  • Undertake any activities as are incidental or conductive to the attainment of the above object
  • Joint or become affiliated to any organisation which would further the cause of the Lions Home for the Elders
  • Raise funds for the above purposes

Loan Policy

Lions Home for the Elders has a Loan Policy that it will not grant any loans or make any donations to staff or external parties at all times.

Policy of Avoidance of Potential Conflict of Interest

The Lions Home for the Elders, including all its Directors and staff, shall avoid any conflict between their own respective personal, professional or business interests and the interests of the Lions Home for the Elders, in any and all actions taken by them on behalf of the Lions Home for the Elders in their respective capacities in the nursing home.

 

Under any circumstance, in the event that any Director or staff shall have any direct or indirect interest in, or relationship with, any individual or organisation which offers to enter into any transaction with the Lions Home for the Elders, including but not limited to the following areas:

 

    1. any sale, purchase, lease or rental of any product or other asset, with any vendor
    2. any vested interest in other organisations that have dealings or relationship with the Lions Home for the Elders
    3. any joint ventures between the Lions Home for the Elders and external parties
    4. recruitment of staff with close relationship (i.e. those who are more than acquaintances) with the current Board or Committee members or staff
    5. the award of any contract or subcontract

 

Such person shall give notice of such interest or relationship and shall thereafter refrain from discussing or voting on the particular transaction in which he / she has an interest, or otherwise attempting to exert any influence on the Lions Home for the Elders to affect a decision to participate or not participate in such transaction.

Reserves Policy

Lions Home for the Elders has a Reserves Policy to ensure proper management of its resources in order to sustain a working capital for ongoing programmes and services for our beneficiaries.

 

The policy of cash reserves ratio to operating expenditure is 3 years of Lions Home annual operating expenses.

 

Such reserves shall be invested in a risk free investment, principal guaranteed.

Auditor

Baker Tilly TFW LLP, Chartered Accountants of Singapore