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For more information please download our Annual Report.

Apex Harmony Lodge Annual Report 2017

Apex Harmony Lodge Audited Financial Statement 2017


 
     
  Income & Expenditure  
 

 AHL is funded by the Government and from public donations. AHL also collects nominal fees from the relatives of the residents. Such fees are based on the family’s financial background and their ability to pay. Ninety per cent of the residents are subsidized by the Government.

Details of Income & Expenditure available on the same website.

Incoming Receipts 2013
(S$)
2014
(S$)

2015
(S$)

2016
(S$)

2017
(S$)
% Changes
2017 vs 2016
Donations
-Tax Deductible
-Non-Tax Deductible

310,913
124,929

709,139
174,249

1,431,323
209,763

1,047,175
176,861

45,553 
88,626

(95.6)
(49.9)

Government Grants

4,535,174

5,462,190

6,931,024

6,981,125

6,108,103

(12.5)

Residents fees

1,082,219

1,093,542

1,217,338

1,297,036

1,596,395

23.1

Investment income

72,575

70,502

122,519

185,400

 191,041

3.0

Others

38,432

25,323

15,763

29,836

 54,958

84.2

Total Receipts

6,164,242

7,534,945

9,927,730

9,717,433

 8,084,676

(16.8)


Expenses 2013
(S$)
2014
(S$)
2015
(S$)
2016
(S$)
2017
(S$)
% Changes
2016 vs 2015
Direct Charitable Expenses
- Local
- Overseas

3,797,835

3,968,608

6,418,890

7,270,060

7,895,811

8.6

Operating /
Administration Expenses

1,581,391

1,969,298

405,619

570,146

618,738

8.5

Fundraising

19,922

27,041

20,663

351

 66

(81.2)

Total Expenditure

5,399,148

5,964,947

6,845,172

7,840,557

 8,514,615

8.6

Excess (Deficit)

765,094

1,569,998

3,082,558

1,876,876

 (429,939)

(122.9)


Balance Sheet 2013
(S$)
2014
(S$)

2015
(S$)

2016
(S$)

2017
(S$)

% Changes
2016 vs 2015
 ASSETS
Land & Building

5,898,566

5,507,012

5,115,458

4,723,904

4,332,350

(8.3)

Tangible Assets

102,018

105,055

337,639

440,312

494,369

12.3

Inventories

24,298

35,946

21,487

19,638

14,132

(28.0)

Accounts Receivable

485,033

1,579,588

3,089,488

2,079,530

822,530

(60.4)

Cash & Deposits

8,576,244

9,330,860

10,714,634

13,870,070

14,585,867

5.2

Total Assets

15,086,159

16,558,461

19,278,706

21,133,454

20,249,248

(4.2)

 FUNDS
General Fund

9,071,243

3,397,921

4,619,303

5,805,094

5,804,485

(0.0)

Building Fund  

6,391,554

6,783,108

7,174,662

7,566,216

5.5

Community Silver Fund

338,738

901,366

1,259,693

1,020,052

790,748

(22.5)

Maintenance Fund

397,404

402,768

410,809

417,926

283,802

(32.1)

Medifund Fund

182,257

146,996

10,505

82,967

30,277

(63.5)

Programme Fund  

277,000

1,142,181

1,724,035

1,184,453

(31.3)

Asset Capitalisation Reserve

13,967

20,702

258,865

209,025

291,091

39.3

Total Fund

10,003,609

11,538,307

14,484,464

16,433,761

15,951,072

(2.9)

 LIABILITIES
Long-Term Liabilities

4,546,987

4,243,855

3,940,723

2,637,590

3,334,458

26.4

Current Liabilities

535,563

776,299

853,519

1,062,103

963,718

(9.3)

Total Liabilities

5,082,550

5,020,154

4,794,242

3,699,693

4,298,176

16.2

Total Liabilities & Funds

15,086,159

16,558,461

19,278,706

20,133,454

20,249,248

0.6


Other Information 2013 2014 2015 2016 2017 % Changes
2016 vs 2015
Donations/ Grants & Sponsorship given to other Charities (S$)

0

0

0

0

0

N/A

No. of Employees

104

112

132

140

141

0.7

Total Employee Costs (S$)

2,539,782

2,907,061

3,478,761

4,079,485

4,455,514

9.2

Total Related Party Transactions (S$)

14,330

11,127

11,037

6,000

3,000

(50)

Fund-raising efficiency

18

7.2

8.3

N/A

N/A

N/A

Ratio of reserves

1.7

1.6

1.7

1.7

1.6

N/A

Annual Salary of 3 highest paid staff (S$)

87,979
55,400
54,755

164,744
81,124
67,088

191,339
127,986
69,914

203,408
162,907
89,643

212,551
119,818
92,115

egend:
Fund-raising Efficiency reflects the ratio of the total fund-raising expenses against the total gross receipts from fund-raising.
Ratio of Reserves is based on Unrestricted Funds, comprising General Reserves and Building Fund, over Direct Charitable Activities and Operating/Administration Expenses.