Financial & Non-Financial

Financial Information 

Income Table

 

Income FY2014 ($’000) FY2015 ($’000) FY2016 ($’000) FY2017 ($’000) % Increase / (Decrease)
FY2017 from FY2016
Donations in cash
  – Tax Deductible 1,274 2,298 1,424 1,172 -17.70%
  – Non-Tax Deductible 538 374 1,057 305 -71.14%
Donations in Kind 138 71 97 87 -10.31%
Grants/Sponsorships 6,311 8,897 11,154 11,624 4.21%
Fees for Services Provided 2,882 2,963 3,180 3,640 14.47%
Investment Income 62 84 121 157 29.75%
Investment Gains NA NA NA
Others (Please specify if material) 5 10 3 7 133.33%
Total Income 11,210 14,697 17,036 16,992 -0.26%

Expenses Table

 

Expenses 2014 ($’000) 2015 ($’000) 2016 ($’000) 2017 ($’000) % Increase /
(Decrease)
FY2017 from
FY2016
Direct Fund-raising Expenses 66 636 47 29 -38.30%
Charitable Activities Expenses
  –  Local 9,229 10,973 13,829 15,179 9.76%
  – Overseas NA NA NA NA NA
Other Operating & Administration Expenses 220 231 284 267 -5.99%
Others (Please specify if material) NA NA NA NA NA
Total Expenditure 9,515 11,840 14,160 15,475 9.29%
Surplus (Deficit) 1,695 2,857 2,876 1,517 -47.25%

Assets Table

 

Assets FY2014 ($’000) FY2015 ($’000) FY2016 ($’000) FY2017 ($’000) % Increase / (Decrease)
FY2017 from FY2016
Land and Building 4,774 4,687 4,258 3,829 -10.08%
Other Tangible Assets 515 1,758 1,651 1,807 9.45%
Investments
Inventories
Accounts Receivable 280 297 259 267 3.09%
Cash & Deposits 16,664 18,466 21,355 25,343 18.67%
Others (please specify if material) 405 2,346 2,584 673 -73.96%
Total Assets 22,638 27,554 30,107 31,919 6.02%

Funds Table

 

Funds FY2014 ($’000) FY2015 ($’000) FY2016 ($’000) FY2017 ($’000) % Increase /
(Decrease)
FY2017 from
FY2016
Unrestricted Fund 17,679 21,556 23,935 25,838 7,95%
Restricted FundNA 3,856 4,188 4,970 4,584 -7.77%
Building Fund NA NA NA NA NA
Endowment Fund NA NA NA NA NA
 Total Funds 21,535 25,744 28,905 30,422 5.25%
Liabilities
Long-Term Liabilities NA NA NA NA NA
Current Liabilities 1,103 1,810 1,202 1,497 24.54%
Total Liabilities 1,103 1,810 1,202 1,497 24.54%
Total Funds and Liabilities 22,638 27,554 30,107 31,919 6.02%

Other Information

 

Other Information FY2014 ($’000) FY2015 ($’000) FY2016 ($’000) FY2017 ($’000) % Increase / (Decrease)
FY2017 from FY2016
Donations/Grants and
Sponsorships given to other Charities (S$’000)
NA NA NA NA NA
No. of Employees 197 202 209 228 9.09%
Total Employee Costs (S$’000) $5,528 $5,580 $6,258 7,051 12.67%
Total Related Party
Transactions (S$’000)
NA NA NA NA NA
Fund-raising efficiency (%) 4% 24% 2% 2%
Ratio of reserves to
annual operating expenditure
1.36 1.53 1.34 1.35

Residential Care

 

As at end March 2018 Bishan Bedok Total
Number of Occupancy 202 126 328
Number of Admissions
From 1 April 2017 – 31 March 2018
61 37 98
Mortality Rate
From 1 April 2017 – 31 March 2018
37 26 63
Number of Residents benefitted from
Lions Home assistance through Medifund
For the period April 2017 to March 2018
105 70 175
Number of Residents who have received Help through Lions Home Subsidy
For the period April 2017 to March 2018
45 33 78

Senior Care Centre (SCC) Bishan

 

As at end March 2018 Bishan
Total Number of existing clients
For the period April 2017 to March 2018
34
Total Number of newly enrolled clients
For the period April 2017 to March 2018
30

*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