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

2016
(S$)

2017
(S$)

2018-Restated
(S$)

2019
(S$)

2020
(S$)

% Changes
2020 vs 2019

Donations
-Tax Deductible
-Non-Tax Deductible

1,047,175 
176,861

45,553
88,626

892,305
278,168

80,109
79,740

125,628
254,195

56.8
218.8

Government Grants

6,981,125

6,108,103

6,702,078

7,963,019

11,465,306

44.0

Residents fees

1,297,036

1,596,395

1,559,098

1,641,894

1,669,161

1.7

Investment income

185,400

191,041

143,986

123,702

137,848

11.4

Others

29,836

54,958

58,008

79,922

75,527

(5.5)

Total Receipts

9,717,433

8,084,676

9,633,643 

9,986,386 

13,727,665 

37.5

 

 

Expenses

2016 
(S$)

2017
(S$)

2018-Restated
(S$)

2019
(S$)

2020
(S$)

% Changes
2020 vs 2019

Direct Charitable Expenses
- Local
- Overseas

7,270,060

7,895,811

7,593,275

8,830,170

9,302,294

5.3

Operating /
Administration Expenses

570,146

618,738

400,425

530,348

545,822

2.9

Fundraising

351

66

10,275

750

N/A

N/A

Total Expenditure

7,840,557

8,514,615

8,003,975

9,361,268

9,848,116

5.2

Excess (Deficit)

1,876,876

(429,939)

1,629,668

607,118

3,879,549

539.0

 

 

Balance Sheet

2016
(S$)

2017 
(S$)

2018
(S$)

*2019 - Reinstated
(S$)

2020 
(S$)

% Changes
2020 vs 2019

 ASSETS

Land & Building

4,723,904

4,332,350

7,872,207

9,773,566

9,741,901

(0.3)

Tangible Assets

440,312

494,369

356,234

566,979

781,619

37.9

Inventories

19,638

14,132

19,778

25,886

83,947

224.3

Accounts Receivable

2,079,530

822,530

2,603,534

1,873,606

1,924,610

2.7

Cash & Deposits

13,870,070

14,585,867

12,525,768

10,956,788

16,168,717

47.6

Total Assets

21,133,454

20,249,248

23,377,521

23,196,825

28,700,794

23.7

 FUNDS

General Fund

5,805,094

5,804,485

6,191,099

6,170,956*

7,622,458

23.5

Building Fund

7,174,662

7,566,216

7,957,770

9,012,017

10,070,056

11.7

Community Silver Fund

1,020,052

790,748

1,746,827

1,325,540*

882,480

(33.4)

Maintenance Fund

417,926

283,802

284,438

0

0

N/A

Medifund Fund

82,967

30,277

42,607

729,056

1,546,922

112.2

Programme Fund

1,742,035

1,184,453

1,168,558

702,942

479,305

(31.8)

President’s Cahllenge 2019 Fund

0

0

0

0

165,000

N/A

Silver is Gold Fund

0

0

0

0

33,333

N/A

Asset Capitalisation Reserve

209,025

291,091

201,897

946,115

2,784,427

194.3

Total Fund

16,433,761

15,951,072

17,593,196

18,886,626

23,583,981

24.9

 LIABILITIES

Long-Term Liabilities

2,637,590

3,334,458

2,728,194

2,425,062

2,902,146

19.7

Current Liabilities

1,062,103

963,718

3,056,131

1,885,137

2,214,667

17.5

Total Liabilities

3,699,693

4,298,176

5,784,325

4,310,199

5,116,813

18.7

Total Liabilities & Funds

20,133,454

20,249,248

23,377,521

23,196,825

28,700,794

23.7

 

 

Other Information

2016

2017

2018

2019

2020

% Changes
2020 vs 2019

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

0

0

0

0

0

 N/A

No. of Employees

140

141

128

137

141

 2.9

Total Employee Costs (S$)

4,079,485

4,455,514

4,112,694

4,486,703

5,026,449

12.0

Total Related Party Transactions (S$)

6,000

3,000

7,900

1,200

3,400

183.3

Fund-raising efficiency

N/A

N/A

3.3

N/A

N/A

 N/A

Ratio of reserves

1.7

1.6

1.8

1.7

1.8

N/A

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

 2

 

1

2

 

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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