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Financials

Annual Reports

For more information please download our Annual Report.

Apex Harmony Lodge Annual Report 2018
Apex Harmony Lodge Audited Financial Statement 2018

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 2014
(S$)
2015
(S$)
2016
(S$)
2017
(S$)

2018
(S$)

% Changes
2018 vs 2017
Donations
-Tax Deductible
-Non-Tax Deductible

 

709,139
174,249

 

1,431,323
209,763

 

1,047,175
176,861

 

45,553
88,626

 

892,305
278,168

 

N/A
213.9

Government Grants

5,462,190

6,931,024

6,981,125

6,108,103 6,702,191

 9.7

Residents fees

1,093,542

1,217,338

1,297,036

1,596,395  1,559,098

(2.3)

Investment income

70,502

122,519

185,400

 191,041  143,988

(24.6)

Others

25,323

15,763

29,836

 54,958 58,021

5.6

Total Receipts

7,534,945

9,927,730

9,717,433

 8,084,676  9,633,771 

19.2


Expenses 2014
(S$)
2015
(S$)
2016
(S$)
2017
(S$)
2018
(S$)
% Changes
2018 vs 2017
Direct Charitable Expenses
- Local
- Overseas

3,968,608

6,418,890

7,270,060

7,895,811 7,593,275

 (3.8)

Operating /
Administration Expenses

1,969,298

405,619

570,146

618,738 400,553

(35.3)

Fundraising

27,041

20,663

351

 66 10,275

N/A

Total Expenditure

5,964,947

6,845,172

7,840,557

 8,514,615 8,004,103

(6.0)

Excess (Deficit)

1,569,998

3,082,558

1,876,876

 (429,939) 1,629,668

N/A


Balance Sheet 2014
(S$)

2015
(S$)

2016
(S$)

2017
(S$)

2018 
(S$)

% Changes
2018 vs 2017
 ASSETS
Land & Building

5,507,012

5,115,458

4,723,904

4,332,350

7,872,207

 81.7

Tangible Assets

105,055

337,639

440,312

494,369

356,234

(27.9)

Inventories

35,946

21,487

19,638

14,132

19,778

40.0 

Accounts Receivable

1,579,588

3,089,488

2,079,530

822,530

2,603,534

216.5 

Cash & Deposits

9,330,860

10,714,634

13,870,070

14,585,867

12,525,768

(14.1)

Total Assets

16,558,461

19,278,706

21,133,454

20,249,248

23,377,521

15.4

 FUNDS
General Fund

3,397,921

4,619,303

5,805,094

5,804,485

6,191,099

6.7

Building Fund

6,391,554

6,783,108

7,174,662

7,566,216

7,957,770

5.2

Community Silver Fund

901,366

1,259,693

1,020,052

790,748

1,746,827

 120.9 

Maintenance Fund

402,768

410,809

417,926

283,802

284,438

0.2 

Medifund Fund

146,996

10,505

82,967

30,277

42,607

40.7 

Programme Fund

277,000

1,142,181

1,724,035

1,184,453

1,168,558

(1.3)

Asset Capitalisation Reserve

20,702

258,865

209,025

291,091

201,897

(30.6)

Total Fund

11,538,307

14,484,464

16,433,761

15,951,072

17,593,196

10.3

 LIABILITIES
Long-Term Liabilities

4,243,855

3,940,723

2,637,590

3,334,458

2,728,194

(18.2)

Current Liabilities

776,299

853,519

1,062,103

963,718

3,056,131

217.1 

Total Liabilities

5,020,154

4,794,242

3,699,693

4,298,176

5,784,325

34.6 

Total Liabilities & Funds

16,558,461

19,278,706

20,133,454

20,249,248

23,377,521

15.4


Other Information 2014 2015 2016 2017 2018 % Changes
2016 vs 2015
Donations/ Grants & Sponsorship given to other Charities (S$)

0

0

0

0

0

 N/A

No. of Employees

112

132

140

141

128

 (9.2)

Total Employee Costs (S$)

2,907,061

3,478,761

4,079,485

4,455,514

4,112,694

(7.7)

Total Related Party Transactions (S$)

11,127

11,037

6,000

3,000

7,900

163.3

Fund-raising efficiency

7.2

8.3

N/A

N/A

3.3

 N/A

Ratio of reserves

1.6

1.7

1.7

1.6

1.8

N/A

Annual Salary of 3 highest paid staff (S$)

164,744
81,124
67,088

191,339
127,986
69,914

203,408
162,907
89,643

212,551
119,818
92,115

212,311
124,666
73,390

N/A
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.

Donation
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Your donation will enable us to continue to engage and empower our residents with our unique integrated medical and psychosocial person-centred care model to bring out the best in each person with dementia, supporting them throughout their journey with dementia and enthusing them to look forward to life!