Who We Are
Financials

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

2017
(S$)

2018-Restated
(S$)

2019
(S$)

2020
(S$)

2021
(S$)

% Changes
2021 vs 2020

Donations
-Tax Deductible
-Non-Tax Deductible

45,553
88,626

892,305
278,168

80,109
79,740

125,628
254,195

353,040
442,648

281.0
174.1

Government Grants

6,108,103

6,702,078

7,963,019

11,465,306

9,299,178

(18.9)

Residents fees

1,596,395

1,559,098

1,641,894

1,669,161

1,561,090

(6.4)

Investment income

191,041

143,986

123,702

137,848

57,793

(58.0)

Others

54,958

58,008

79,922

75,527

60,766

(19.5)

Total Receipts

8,084,676

9,633,643 

9,986,386 

13,727,665 

11,774,515 

(14.2)

 

 

Expenses

2017
(S$)

2018-Restated
(S$)

2019
(S$)

2020
(S$)

2021
(S$)

% Changes
2021 vs 2020

Direct Charitable Expenses
- Local
- Overseas

7,895,811

7,593,275

8,830,170

9,302,294

9,332,882

3.2

Operating /
Administration Expenses

618,738

400,425

530,348

545,822

669,109

22.5

Fundraising

66

10,275

750

N/A

N/A

N/A

Total Expenditure

8,514,615

8,003,975

9,361,268

9,848,116

10,001,991

1.5

Excess (Deficit)

(429,939)

1,629,668

607,118

3,879,549

1,772,524

(54.3)

 

 

Balance Sheet

2017 
(S$)

2018
(S$)

*2019 - Reinstated
(S$)

2020 
(S$)

2021 
(S$)

% Changes
2021 vs 2020

 ASSETS

Land & Building

4,332,350

7,872,207

9,773,566

9,741,901

8,182,932

(16.0)

Tangible Assets

494,369

356,234

566,979

781,619

574,865

(26.4)

Inventories

14,132

19,778

25,886

83,947

115,950

38.1

Accounts Receivable

822,530

2,603,534

1,873,606

1,924,610

2,690,473

39.7

Cash & Deposits

14,585,867

12,525,768

10,956,788

16,168,717

17,184,131

6.28

Total Assets

20,249,248

23,377,521

23,196,825

28,700,794

28,748,351

0.1

 FUNDS

General Fund

5,804,485

6,191,099

6,170,956*

7,622,458

8,719,184

14.3

Building Fund

7,566,216

7,957,770

9,012,017

10,070,056

11,128,094

10.5

Community Silver Fund

790,748

1,746,827

1,325,540*

882,480

1,217,894

38.0

Maintenance Fund

283,802

284,438

0

0

0

N/A

Medifund Fund

30,277

42,607

729,056

1,546,922

647,470

(58.1)

Programme Fund

1,184,453

1,168,558

702,942

479,305

100,000

(79.1)

President’s Challenge 2019 Fund

0

0

0

165,000

165,000

N/A

Silver is Gold Fund

0

0

0

33,333

25,000

(24.9)

Asset Capitalisation Reserve

291,091

201,897

946,115

2,784,427

2,454,351

(11.8)

Total Fund

15,951,072

17,593,196

18,886,626

23,583,981

24,456,993

3.7

 LIABILITIES

Long-Term Liabilities

3,334,458

2,728,194

2,425,062

2,902,146

2,085,511

(28.1)

Current Liabilities

963,718

3,056,131

1,885,137

2,214,667

2,205,807

(0.1)

Total Liabilities

4,298,176

5,784,325

4,310,199

5,116,813

4,291,358

(16.1)

Total Liabilities & Funds

20,249,248

23,377,521

23,196,825

28,700,794

28,748,351

0.1

 

 

Other Information

2017

2018

2019

2020

2021

% Changes
2021 vs 2020

Donations/ Grants & Sponsorship given to other Charities (S$)

0

0

0

0

0

N/A

No. of Employees

141

128

137

141

139

(1.4)

Total Employee Costs (S$)

4,455,514

4,112,694

4,486,703

5,026,449

5,211,714

3.6

Total Related Party Transactions (S$)

3,000

7,900

1,200

3,400

4,550

33.8

Fund-raising efficiency

N/A

3.3

N/A

N/A

N/A

N/A

Ratio of reserves

1.6

1.8

1.7

1.8

2.0

11.1

Annual Salary Range of 3 highest paid staff (S$)

200,001 to 300,000

100,001 to 200,000

 

1

2

 

1

2

 

 1

 2

 

1

3

 

1

3

 

N/A

N/A

Legend: 

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.

 

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