Financial & Non-Financial

Financial Information 

Income

 

Income FY2016 ($’000) FY2017 ($’000) FY2018 ($’000) FY2019 ($’000) % Increase / (Decrease)
FY2019 from FY2018
Donations in cash
  – Tax Deductible 1,424 1,172 1,458 922 -36.76%
  – Non-Tax Deductible 1,057 305 362 199 -45.03%
Donations in Kind 97 87 80 136 70.00%
Grants/Sponsorships 11,154 11,624 10,762 12,961 20.43%
Fees for Services Provided 3,180 3,640 4,907 5,092 3.77%
Investment Income 121 157 181 281 55.25%
Investment Gains NA NA
Others (Please specify if material) 3 7 6 4 -33.33%
Total Income 17,036 16,992 17,756 19,595 10.36%

Expenses

 

Expenses FY2016 ($’000) FY2017 ($’000) FY2018 ($’000) FY2019 ($’000) % Increase /
(Decrease)
FY2019 from
FY2018
Direct Fund-raising Expenses 47 29 125 43 -65.60%
Charitable Activities Expenses
  –  Local 13,829 15,179 15,920 18,202 4.88%
  – Overseas NA NA NA NA NA
Other Operating & Administration Expenses 284 267 233 269 -12.73%
Others (Please specify if material) NA NA NA NA NA
Total Expenditure 14,160 15,475 16,278 18,514 13.74%
Surplus (Deficit) 2,876 1,517 1,478 1,081 -26.86%

Assets

 

Assets FY2016 ($’000) FY2017 ($’000) FY2018 ($’000) FY2019 ($’000) % Increase / (Decrease)
FY2019 from FY2018
Land and Building 4,258 3,829 3,399 5,725 68.43%
Other Tangible Assets 1,651 1,807 1,664 1,561 -6.19%
Investments
Inventories
Accounts Receivable 259 262 531 521 -1.88%
Cash & Deposits 21,355 25,343 26,794 28,060 4.72%
Others (please specify if material) 2,584 678 1,193 1,609 34.87%
Total Assets 30,107 31,919 33,581 37,476 11.60%

Funds

 

Funds FY2016 ($’000) FY2017 ($’000) FY2018 ($’000) FY2019 ($’000) % Increase /
(Decrease)
FY2019 from
FY2018
Unrestricted Fund 23,935 25,838 28,376 30,085 6.02%
Restricted Fund 4,970 4,584 3,524 2,896 -17.82%
Building Fund NA NA NA NA NA
Endowment Fund NA NA NA NA NA
Total Funds 28,905 30,422 31,900 32,981 3.39%
Liabilities
Long-Term Liabilities NA NA NA 1,971 NA
Current Liabilities 1,202 1,497 1,681 2,524 50.15%
Total Liabilities 1,202 1,497 1,681 4,495 167.40%
Total Funds and Liabilities 30,107 31,919 33,581 37,476 11.60%

Other Information

 

Other Information FY2016 ($’000) FY2017 ($’000) FY2018 ($’000) FY2019 ($’000) % Increase / (Decrease)
FY2019 from FY2018
Donations/Grants and
Sponsorships given to other Charities (S$’000)
NA NA NA NA NA
No. of Employees 209 228 247 243 -1.62%
Total Employee Costs (S$’000) $6,258 $7,051 $8,029 $8,430 4.99%
Total Related Party
Transactions (S$’000)
NA NA NA NA NA
Fund-raising efficiency (%) 2% 2% 7% 3%
Ratio of reserves to
annual operating expenditure
1.34 1.35 1.49 1.62

Residential Care

 

As at end March 2020 Bishan Bedok Total
Number of Residents 216 145 361
Number of Admissions
From 1 April 2019 – 31 March 2020
44 19 63
Mortality Rate
From 1 April 2019 – 31 March 2020
47 21 68
Number of Residents benefited
from Lions Home assistance through Medifund
For the period 1 April 2019 – 31 March 2020
149
Number of Residents who received help through Lions Home Subsidy
For the period 1 April 2019 – 31 March 2020
257

Senior Care Centre (SCC) Bishan

 

As at end March 2020 Bishan
Total Number of existing clients
For the period April 2019 to March 2020
41
Total Number of newly enrolled clients
For the period April 2019 to March 2020
23

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