Financial & Non-Financial

Financial Information 

Income Table

 

Income FY2013 ($’000) FY2014 ($’000) FY2015 ($’000) FY2016 ($’000) % Increase / (Decrease)
FY2016 from FY2015
Donations in cash
  – Tax Deductible 1,302 1,274 2,298 1,424 -38.03%
  – Non-Tax Deductible 406 538 374 1,057 182.62%
Donations in Kind 104 138 71 97 36.62%
Grants/Sponsorships 6,054 6,311 8,897 8,063 -9.37%
Fees for Services Provided 2,848 2,882 2,963 3,180 7.32%
Investment Income 44 62 84 121 44.05%
Investment Gains NA NA NA NA
Others (Please specify if material) 2 5 10 3 -70.00%
Total Income 10,760 11,210 14,697 13,945 -5.12%

Expenses Table

 

Expenses 2013 ($’000) 2014 ($’000) 2015 ($’000) 2016 ($’000) % Increase /
(Decrease)
FY2016 from
FY2015
Direct Fund-raising Expenses 169 66 636 47 -92.61%
Charitable Activities Expenses
  –  Local 8,843 9,229 10,973 10,637 -3.06%
  – Overseas NA NA NA NA NA
Other Operating & Administration Expenses 218 220 231 284 22.94%
Others (Please specify if material) NA NA NA NA NA
Total Expenditure 9,230 9,515 11,840 10,968 -7.36%
Surplus (Deficit) 1,530 1,695 2,857 2,977 4.20%

Assets Table

 

Assets FY2013 ($’000) FY2014 ($’000) FY2015 ($’000) FY2016 ($’000) % Increase / (Decrease)
FY2016 from FY2015
Land and Building 7,793 4,774 4,687 4,258 -9.15%
Other Tangible Assets 507 515 1,758 1,651 -6.09%
Investments
Inventories
Accounts Receivable 314 280 297 179 -39.73%
Cash & Deposits 12,757 16,664 18,466 21,355 15.64%
Others (please specify if material) 410 405 2,346 2,664 13.55%
Total Assets 21,781 22,638 27,554 30,107 9.27%

Funds Table

 

Funds FY2013 ($’000) FY2014 ($’000) FY2015 ($’000) FY2016 ($’000) % Increase /
(Decrease)
FY2016 from
FY2015
Unrestricted Fund 19,584 17,679 21,556 23,935 11.04%
Restricted FundNA 1,328 3,856 4,188 4,970 18.67%
Building Fund NA NA NA NA NA
Endowment Fund NA NA NA NA NA
 Total Funds 20,912 21,535 25,744 28,905 12.28%
Liabilities
Long-Term Liabilities NA NA NA NA NA
Current Liabilities 869 1,103 1,810 1,202 -33.59%
Total Liabilities 869 1,103 1,810 1,202 -33.59%
Total Funds and Liabilities 21,781 22,638 27,554 30,107 9.27%

Other Information

 

Other Information FY2013 ($’000) FY2014
($’000)
FY2015 ($’000) FY2016 ($’000) % Increase / (Decrease)
FY2016 from FY2015
Donations/Grants and
Sponsorships given to other Charities (S$’000)
NA NA NA NA NA
No. of Employees 193 197 202 209 3.47%
Total Employee Costs (S$’000) $5,272 $5,528 $5,580 $6,258 12.15%
Total Related Party
Transactions (S$’000)
NA NA NA NA NA
Fund-raising efficiency (%) 10% 4% 24% 2%  -92.04%
Ratio of reserves to
annual operating expenditure
1.27 1.36 1.53 1.69

Residential Care

 

As at end March 2017 Bishan Bedok Total
Number of Occupancy 187 126 313
Number of Admissions
From 1 April 2016 – 31 March 2017
66 41 107
Mortality Rate
From 1 April 2016 – 31 March 2017
30 29 59
Number of Residents benefited from
Lions Home assistance through Medifund
For the period April 2016 to March 2017
103 77 180
Number of Residents who have received Help through Lions Home Subsidy
For the period April 2016 to March 2017
43 40 83

Senior Care Centre (SCC) Bishan

 

As at end March 2017 Bishan
Total Number of existing clients
For the period April 2016 to March 2017
27
Total Number of clients enrolled
For the period April 2016 to March 2017
34

*SCC was officially opened on 9 May 2016

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