Club Heal Financial Statement 2018/19

CLUB HEAL
(Registered in the Republic of Singapore under the Charities Act, Chapter 37

and under the Societies Act, Chapter 311)
(Unique Entity Number: T12SS0028K)

AUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

CONTENTS PAGE
Statement by the Executive Committee 1
Independent Auditor’s Report
Statement of Financial Activities 2-4
Statement of Financial Position 5-7
Statement of Changes in Funds
Statement of Cash Flows 8
Notes to the Financial Statements 9 - 10

11
12 - 42

CLUB HEAL
(Registered in the Republic of Singapore under the Charities Act, Chapter 37
and under the Societies Act, Chapter 311)
Unique Entity Number: T12SS0028K
Date of Registration: 28 November 2012

Committee members President
Radiah Binti Salim Vice President
Zuraimi Bin Mohamed Dahlan Secretary
Noorunnisa D/O PK Ibrahim Kutty Assistant Secretary
Rohizan Binte Talib Treasurer
Fauziah Bte Mohamed Hussain Assistant Treasurer
Adi Budiman Member
Siti Hawa Binte Sulaiman Member
Tazrinah Bte Hussin Member
Bibi Jan Binte Mohamed Ayyub Member
Dewani Abbas Member
Siti Aishah Bte Jaffar Member
Deena Binte Abdul Aziz Bajrai Member
Nuur Hayyu Nariah Bte Nasir

Registered office and principal place of business
244 Bukit Batok East Ave 5
#01-02
Singapore 650244

Independent Auditor
CS Assurance
No. 1 Irving Place #08-01
The Commerze @ Irving
Singapore 369546

Banker
OCBC Bank



CLUB HEAL

INDEPENDENT AUDITOR’S REPORT
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF CLUB HEAL

Report on the Audit of the Financial Statements

Opinion

We have audited the financial statements of Club Heal (“the Association”), which comprise the
statement of financial position as at 31 March 2019, the statement of financial activities, statement
of changes in funds and statement of cash flows for the year then ended, and notes to the financial
statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements are properly drawn up in accordance with the
provisions of the Societies Act, Cap. 311 and the Charities Act, Cap. 37 (collectively herein known
as “the Act”) and Charities Accounting Standard (“CAS”) so as to give a true and fair view of the
financial position of the Association as at 31 March 2019 and of the financial performance, changes
in funds and cash flows of the Association for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with Singapore Standards on Auditing (SSAs). Our
responsibilities under those standards are further described in the Auditor’s Responsibilities for the
Audit of the Financial Statements section of our report. We are independent of the Association in
accordance with the Accounting and Corporate Regulatory Authority (ACRA) Code of Professional
Conduct and Ethics for Public Accountants and Accounting Entities (ACRA Code) together with
the ethical requirements that are relevant to our audit of the financial statements in Singapore, and
we have fulfilled our other ethical responsibilities in accordance with these requirements and the
ACRA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.

Other Matters

The financial statements of the Association for the year ended 31 March 2018 were audited by
another firm of auditors who expressed an unmodified opinion on those statements on
23 August 2018.

Other Information

The Executive Committee is responsible for the other information. The other information comprises
the Statement by the Executive Committee set out on page 1.

Our opinion on the financial statements does not cover the other information and we do not express
any form of assurance conclusion thereon.

Page 2

CLUB HEAL

INDEPENDENT AUDITOR’S REPORT (Continued)
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

Other Information – cont’d

In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with
the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially
misstated. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have nothing to report
in this regard.

Responsibilities of Executive Committee for the Financial Statements

The Executive Committee is responsible for the preparation of financial statements that give a true
and fair view in accordance with the provisions of the Act and CAS, and for devising and
maintaining a system of internal accounting controls sufficient to provide a reasonable assurance
that assets are safeguarded against loss from unauthorised use or disposition; and transactions are
properly authorised and that they are recorded as necessary to permit the preparation of true and fair
financial statements and to maintain accountability of assets.

In preparing the financial statements, The Executive Committee is responsible for assessing the
Association’s ability to continue as a going concern, disclosing, as applicable, matters related to
going concern and using the going concern basis of accounting unless management either intends to
liquidate the Association or to cease operations, or has no realistic alternative but to do so.

The Executive Committee’ responsibilities include overseeing the Association’s financial reporting
process.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee
that an audit conducted in accordance with SSAs will always detect a material misstatement when
it exists. Misstatements can arise from fraud or error and are considered material if, individually or
in the aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these financial statements.

As part of an audit in accordance with SSAs, we exercise professional judgement and maintain
professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due
to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from
error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the
override of internal control.

Page 3



CLUB HEAL

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

General 2019 Total General 2018 Total
Fund Un- General $ Fund Un-
restricted restricted General $
Fund Fund Restated
$ Restricted $
(Note 9) Restated Restricted
(Note 9)
$
$

Restated

INCOME 5,000 2,167,522 2,172,522 - 1,065,160 1,065,160
- - - 12,000 - 12,000
Income from generated
funds 122,691 2,010 124,701 88,789 - 88,789
Grants
Wakaf collection 286,818 - 286,818 317,171 - 317,171
Donation – Non-tax 414,509 2,169,532 2,584,041 417,960 1,065,160 1,483,120
deductible
Donation – Tax 1,675 - 1,675 395 - 395
deductible 10 - 10 20 - 20
- 12,412 - 12,412
Income from 3,397 - 3,397 8,826 - 8,826
charitable activities 7,465 1,420 7,465 60 980 1,040
Entrance fee 1,420
Membership fees - 1,420 21,713 980 22,693
Sale of books 13,967
Thrift shops 12,547
Training fees

Other income 1,056 - 1,056 - - -
Disposal of property
and equipment 7,540 - 7,540 81,077 - 81,077
Wages credit scheme/ 2,337 - 2,337 10,128 - 10,128
SEC 58,154 - 58,154 -
Others 69,087 - 69,087 - - -
Management fees income 91,205 91,205
496,143 2,170,952 2,667,095 1,066,140
Total income 530,878 1,597,018

The accompanying notes form an integral part of these financial statement.
Page 5

CLUB HEAL

STATEMENT OF FINANCIAL ACTIVITIES (Continued)
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

General 2019 Total General 2018 Total
Fund Un- General $ Fund Un-
restricted restricted General $
Fund Fund Restated
$ Restricted $
(Note 9) Restated Restricted
(Note 9)
$
$
Restated

EXPENSES - - - (993) - (993)
(347) - (347) (386) - (386)
Cost of generating (314) - (314) (2,806) - (2,806)
funds (158) (211) (369) (8,575) - (8,575)
Allowances for (3,544) - --
volunteers/ interns (3,600) - (3,544) - - (4,668)
Bank charges (529) (22) (3,600) (4,668) - (11,953)
Office supplies (1,164) - (11,953) - (300)
Printing and stationery (9,656) (233) (551)
Programme (1,164) (300) - (29,681)
Rental
Refreshment (9,889) (29,681)
Transport expenses
(2,860) (2,527) (5,387) (720) (8,995) (9,715)
Cost of charitable (48,503) (155,984) (204,487) (22,411) (123,128) (145,539)
activities
Allowances for (1,640) - (1,640) - --
volunteers/ interns
CPF and SDL (12,998) - (12,998) (15,505) (500) (16,005)
Depreciation of plant and - - - (1,156) - (1,156)
equipment (242) (1,138)
Empowerment (1,597) (1,467) (1,839) (811) (1,949)
programmes (2,234) (1,357) (3,701) (133)
Insurance (5,096) (2,683) (6,453) (3,905) (4,376) (4,509)
Miscellaneous expenses (2,755) (43,248) (5,438) (1,227)
Office supplies (34,479) (1,819) (77,727) (38,581) (5,787) (9,692)
Printing and stationery (1,004,135) (1,919) (6,208) (1,305) (2,532)
Refreshment (100) (1,494) (1,278,741) (132,368)
Rehabilitation expenses (274,606) (30,662) (1,798) (1,112) (29,142) (67,723)
Rental (11,900) (31,037) - (6,208)
Salaries and bonus (304) (30,666) (13,142) (854)
Staff benefits (375) (1,288,184) (33,067) (240) (766,240) (898,608)
Staff training (1,242) (1,679,374) (3,378) (2,745) (3,857)
Telecommunications (2,401) (228,936)
Transport expenses (391,190) (7,879) (8,733)
(8,309) (8,549)
(23,831) (27,209)

(983,048) (1,211,984)

Balance carry (400,846) (1,288,417) (1,689,263) (258,617) (983,048) (1,241,665)
forward

The accompanying notes form an integral part of these financial statement.

Page 6

CLUB HEAL

STATEMENT OF FINANCIAL ACTIVITIES (Continued)
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

General 2019 Total General 2018 Total
Fund General $ Fund
General $
Unrestricted Fund Unrestricted Fund Restated
Restricted
$ (Note 9) $ Restricted (1,241,665)
Restated (Note 9)
$ (18,267)
$ (265)
(191)
Restated -

EXPENSES (Cont’d) (400,846) (1,288,417) (1,689,263) (258,617) (983,048) (23,359)

Balance brought (7621) - (7621) (18,267) - (73,075)
forward (382) - (382) (265) -
(191) - (191) (191) - (500)
Governance and other (7,920) (1,070) (8,990) - - -
administrative costs (14,081) (12,975) (27,056) (12,380)
Audit fees (10,979) (581)
Bank charges (75,341) - (75,341) - (391)
Hire purchase interest (94) - (94) (73,075) (5,000)
Consultancy fees - -
CPF and SDL (3,871) (46,225) (3,871) (500) - (2)
Depreciation of plant (11,929) (181) (58,154) - - (669)
and equipment (200) (98)
Insurance (558) - (739) (581) (5,000) -
Licence fees (205) - (405) (293) - (2,831)
Management fees - -
Office supplies - - - - - (133,925)
Printing and stationery (493) (1,201) (493) (2) (1,302) (326)
Publicity (1,605) (1,605) (669)
Refreshments (19) (94,497) (19) (71,830) (7,521)
Rental of equipment (3,121) (2,052) (4,322) - (326) (1,783)
Rental of premises (1,529) -
Repair and maintenance (94,542) - (189,039) - (6)
Salaries and other (1,459) (45) (3,511) (62,095) - -
related costs (9,990) (200) (9,990) - -
Staff benefits (7,277) (7,322) - (190)
Staff retreat - (362) (7,521) - (75)
Subscriptions (162) - (1,489) (1,783) (268,957)
Sundry expenses (1,489) - (71) (90,936)
Training expenses (158,646) - (6) (1,510,622)
Transport expenses (71) - (1,073,984)
Telecommunications - (1,447,063) (401,067) 86,396
(190)
Total expenses (242,421) (2,090,330) (75)
(178,021)
(Deficit)/ surplus for the (643,267) 576,765
financial year (436,638)

(147,124) 723,889 94,240 (7,844)

The accompanying notes form an integral part of these financial statement.

Page 7

CLUB HEAL

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2019

Note 2019 2018 2017
$ $ $

Restated Restated

ASSETS 6 367,576 195,929 238,692
367,576 195,929 238,692
Non-current assets
Plant and equipment 821,400 565,863 379,483
625,853 301,879 334,771
Current assets 7 1,447,253 867,742 714,254
Other receivables 8 952,946
Cash and short-term deposits 1,814,829 1,063,671
740,809
Total assets 9 127,997 835,049 163,332
1,439,305 155,488 904,141
FUNDS AND 1,567,302 990,537
LIABILITIES 3,065
236 1,650 3,065
Funds 236 1,650
General fund - unrestricted 44,326
General fund - restricted 245,877 70,070 1,414
1,414 1,414 45,740
Non-current liabilities 10 71,484 48,805
Finance lease payables 247,291 952,946
73,134
Current liabilities 11 247,527
Other payables 10 1,063,671
Finance lease payables 1,814,829

Total liabilities
Total equity and liabilities

The accompanying notes form an integral part of these financial statement.
Page 8

CLUB HEAL

STATEMENT OF CHANGES IN FUNDS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

General Mindset Care &
(Designated Share
donation)

Balance as at 01 April 2016 $ $ $
Surplus/ (deficit) for the year 281,908 (39,952) -
Balance as at 31 March 2017
Balance reported as at 01 April 2017 458,901 --
Prior year adjustments
Balance restated as at 01 April 2017 740,809 (39,952) -
Surplus/ (deficit) for the year
Balance as at 31 March 2018 740,809 (39,952) -
Balance reported as at 01 April 2018
Prior year adjustments - --
Balance restated as at 01 April 2018
Surplus/ (deficit) for the year 740,809 (39,952) -
Gross transfer between funds
Balance as at 31 March 2019 94,240 - (5,354)

835,049 (39,952) (5,354)

835,049 (39,952) (5,354)

- --

835,049 (39,952) (5,354)

(147,124) - 180,044

(559,928) - 65,734

127,997 (39,952) 240,424

The accompanying notes form an int

COMIT CREST - Community Community Community Total
$ Marsiling Foundation Chest Care carry
Singapore Charity forward
(142,031) $ Training
- $ Support $ $
- Fund - 99,925
$ 262,472
- 362,397
362,397
(168,188) (28,241) -- - 372,222
734,619
(310,219) (28,241) -- - (76,166)
658,453
(310,219) (28,241) -- - 658,453
183,827
336,878 35,344 -- - 842,280
362,671
26,659 7,103 -- - (33,744)
1,171,207
(133,719) (52,744) 21,411 - -

(107,060) (45,641) 21,411 - -

(107,060 (45,641) 21,411 - -

132,207 51,620 -- -

25,147 5,979 21,411 - -

290,336 52,269 (27,842) 19,051 (4,063)

287,090 173,360 -- -

602,573 231,608 (6,431) 19,051 (4,063)

tegral part of these financial statement.

Page 9

CLUB HEAL

STATEMENT OF CHANGES IN FUNDS (Continued)
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

Total CREST – Community
brought Pasir Ris Silver Trust
forward
Balance as at 01 April 2016 $ $
Surplus/ (deficit) for the year 99,925 - -
Balance as at 31 March 2017 262,472 - -
Balance reported as at 01 April 2017 362,397 - -
Prior year adjustments 362,397 - -
Balance restated as at 01 April 2017 372,222 - -
Surplus/ (deficit) for the year 734,619 - -
Balance as at 31 March 2018 (76,166) - -
Balance reported as at 01 April 2018 658,453 - -
Prior year adjustments 658,453 - -
Balance restated as at 01 April 2018 183,827 - -
Surplus/ (deficit) for the year 842,280 - -
Gross transfer between fund 362,671
Balance as at 31 March 2019 (33,744) 17,448 185,450
1,171,207 25,000 -
42,448
185,450

The accompanying notes form an int

Healing MUIS Temasek Clients' Our Total
Friends Cares Assistance Healing
$ Voice $
$ - $ Fund 188,689
97,260 - (8,496) $ $ 343,230
71,516 - - - 531,919
168,776 - 531,919
168,776 - 9,242 - - 372,222
- 904,141
- 746 - - (97,431)
168,776 53,189 806,710
(74,454) 53,189 746 - - 806,710
94,322 53,189 183,827
94,322 -- - 990,537
- 576,765
- 53,189 746 - -
94,322 (30,389) -
-- - 1,567,302
(902) -
- 22,800 746 - -

93,420 746 - -

-- -

746 - -

- 1,290 41,197

(746) 9,490 -

- 10,780 41,197

tegral part of these financial statement.

Page 10

CLUB HEAL

STATEMENT OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

Note 2019 2018
$ $
Cash flows from operating activities 6
Surplus before tax 6 576,765 Restated
Adjustment for: 8
Depreciation of plant and equipment 76,981 86,396
Gain on disposal of plant and equipment (882)
73,075
Change in working capital: 652,864 -
Other receivables
Other payables (255,537) 159,471
Cash generated from operations 175,807
Income tax paid 573,134 (186,380)
Net cash generated from/ (used in) - 25,744
operating activities (1,165)
573,134 -
Cash flows from investing activities
Acquisition of plant and equipment (249,046) (1,165)
Proceed from disposal of plant and
equipment 1,300 (30,312)
Net cash (used in) investing activities (247,746)
-
Cash flows from financing activities (1,414) (30,312)
Repayment of finance lease (1,414)
Net cash (used in) financing activities (1,415)
323,974 (1,415)
Net increase/ (decrease) in cash and 301,879
cash equivalents (32,892)
Cash and cash equivalent at 01 April 625,853 334,771
Cash and cash equivalents at
31 March 301,879

The accompanying notes form an integral part of these financial statement.
Page 11

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

These notes form an integral part and should be read in conjunction with the accompanying financial
statements.

1. General
Club Heal (“the Association”) is registered in the Republic of Singapore under Societies Act,
Cap. 311 with its registered office and its principal place of business at 244 Bukit Batok East
Ave 5 #01-02 Singapore 650244.
The Association has been accorded the status of an Institution of Public Character (“IPC”) from
05 August 2016 to 31October 2017, and this was subsequently renewed to 30 April 2020.
The main objective of the Association are as follows:
(i) To organise and facilitate social and charitable activities for the promotion of mental
health and rehabilitation and reintegration into the community of persons recovering
from psychiatric illnesses;
(ii) To develop, organise and implement programmes to assist and empower persons
recovering from psychiatric illnesses to regain confidence in themselves and trust in
others to achieve community reintegration;
(iii) To provide assistance, support, training and education to persons suffering or
recovering from psychiatric illnesses, including education in medication management,
symptoms management and communications skills;
(iv) To provide, organise and/ or facilitate for its Members, skills training and/ or upgrading
in (a) providing after care services for persons recovering from psychiatric illnesses,
(b) providing education and supportive counselling for the family members and care
givers of persons suffering or recovering from psychiatric illnesses; and
(v) To work with relevant government agencies and other stakeholders on all matters
pertaining to services provided by the Association and its Members.

2. Summary of significant accounting policies
2.1 Basis of preparation
The financial statements of the Association have been drawn up in accordance with the
provisions of the Singapore Charities Act, Cap.37 (the “Act”), Charities Accounting
Standard (“CAS”) and Societies Act, Cap. 311. The accounting policies of the Association
are consistent with the requirements of the CAS and are applied consistently to similar
transactions, other events and conditions. The financial statements have been prepared
under the historical cost convention, except as disclosed in the accounting policies below.

Page 12

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

2. Summary of significant accounting policies – cont’d
2.1 Basis of preparation – cont’d
The preparation of financial statements in conformity with CAS requires management to
exercise its judgment in the process of applying the Association’s accounting policies. It
also requires the use of accounting estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and contingent
liabilities at the date of the financial statements, and the reported amounts of revenues and
expenses during the financial year. Although these estimates are based on management’s
best knowledge of current events and actions, actual results may ultimately differ from
those estimates. The areas involving a higher degree of judgment or complexity are
disclosed in Note 3 to the financial statements.
The financial statements are presented in Singapore Dollars ($), which is the Association’s
functional currency.
2.2 Foreign currency transactions and balances
Transactions in foreign currencies are measured in the functional currency of the
Association and are recorded on initial recognition in the functional currency at exchange
rates approximating those ruling at the transaction dates. Monetary assets and liabilities
denominated in foreign currencies are translated at the rate of exchange ruling at the
reporting date. Non-monetary items are measured in terms of historical cost in a foreign
currency are translated using the exchange rates as at the dates of the initial transactions.
Exchange differences arising on the settlement of monetary items or on translating
monetary items at the end of the reporting period are recognised in statement of financial
activities.
2.3 Plant and equipment
(a) Owned assets
The cost of an items of plant and equipment is recognised as an asset, if and only if, it is
probable that future economic benefits associated with the item will flow to the
Association and the cost of the item can be measured reliably.
All items of plant and equipment shall measure after initial recognition at cost less any
accumulated depreciation. The costs of day-to-day servicing of an item of plant and
equipment shall recognise as expenditure in the statement of financial activities in the
period in which the costs are incurred.
Plant and equipment shall not be revalued and are not required to be assessed for
impairment under the CAS.
The accumulated depreciation of an asset is eliminated on the date of revaluation or
impairment.

Page 13

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

2. Summary of significant accounting policies – cont’d

2.3 Plant and equipment – cont’d

(b) Component of costs

The cost of an item of plant and equipment initially recognised includes the purchase price
and any cost that is directly attributable to bringing the assets to the location and condition
necessary for it to be capable of operating in the manner intended by the Executive
Committee.

(c) Subsequent expenditure

Subsequent expenditure related to plant and equipment that has already been recognised
is added to the carrying amount of the plant and equipment when it is probable that future
economic benefits, in excess of the original assessed standard of performance of the
existing asset, will flow to the Association. All other subsequent expenditure is recognised
as an expense in the period in which it is incurred.

(d) Disposals

Gain or loss arising from the retirement or disposal of plant and equipment is determined
as the difference between the estimated net disposal proceeds and the carrying amount of
the asset and is recognised in the statement of financial activities on the date of retirement
or disposal.

(e) Depreciation

Depreciation is computed on a straight-line basis so as to write-off the cost or the carrying
amount over the estimated useful lives of the assets:

Centre improvements Useful lives
Furniture and fittings 5 years
Office equipment 5 years
Computers 5 years
Other equipment 3 years
5 years

The carrying amount, residual value and useful lives are reviewed and adjusted as
appropriate at the end of each reporting period with changes in estimates accounted for on
a prospective basis.

Page 14

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

2. Summary of significant accounting policies – cont’d
2.4 Financial assets
The Association has its financial assets in the following categories: Cash and cash
equivalents and other receivables in financial assets. The classification depends on the
purpose for which the assets where acquired.
Other receivables (excluding prepayments) are recognised at their transaction price
excluding transaction costs, if any. Transaction costs are recognised as expenditure in the
statement of financial activities as incurred. Prepayment are initially recognised at the
amount paid in advance
After the recognition, other receivables are subsequently measured at cost less any
accumulated impairment loss. Prepayment are subsequently measured at the amount paid
les the economic resources received or consumed during the financial year.
Financial assets are derecognised when the contractual rights to receive cash flows from
the assets have expired or have been transferred and the Association has transferred
substantially al risks and rewards of ownership. On derecognition of a financial asset in
its entirety, the difference between the carrying amount and the sum of the consideration
received is recognised in statement of financial activities.
At the end of each reporting period, the Association shall assess whether there is objective
evidence of impairment of its financial assets. If there is objective evidence of impairment,
the Association shall recognised an impairment loss (i.e. expenditure) immediately in the
statement of financial activities.
2.5 Impairment of financial assets
The Association assesses at each balance sheet date whether there is objective evidence
that a financial asset or a group of financial assets is recognises an allowance for
impairment when such evidence exists.
An allowance for impairment is established when there is objective evidence that the
Association will not be able to collect all amounts due according to the original terms of
the receivables.
To determine whether there is objective evidence that an impairment loss has been
incurred, the Association considers assessable data that come to the attention of the
Association.
In the case of other receivables, the amount of impairment loss is the difference between
the financial asset’s carrying amount and the undiscounted future cash flows, excluding
unearned interest of interest-bearing assets that the Association expects to receive from
the assets.

Page 15

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

2. Summary of significant accounting policies – cont’d
2.5 Impairment of financial assets – cont’d
The recognised impairment loss is subsequently reversed if the amount of impairment loss
decrease and the decrease is related objectively to an event occurring after the impairment
is recognised. The reversal shall not result in a carrying amount of the financial assets, net
of any allowance account that exceed what the carrying amount would have been had the
impairment not previously recognised. The reversal of impairment loss is recognised in
the statement of financial activities.
2.6 Financial liabilities
Financial liabilities are recognised on the balance sheet when, and only when, the
Association becomes a party to the contractual provisions of the financial instrument. The
Association derecognise financial liabilities when, and only when, the Association’s
obligations are discharged, cancelled or they expired.
2.7 Employee benefits – defined contribution plan
The Association makes contributions the Central Provident Fund scheme in Singapore, a
defined contribution pension scheme. Contributions to this scheme are recognised as an
expense in the period in which the related services is performed.
2.8 Grants and subsidies
Grants and subsidies are recognised when there is reasonable assurance that the grant will
be received, and all attaching conditions will be complied with.
Where the grant related to an asset, the grant is recognised as designated capital grant on
the balance sheet and is amortised to statement of financial activities over the expected
useful life of the relevant asset by equal annual instalment.
Where the grant relates to income, the grant is recognised in statement of financial
activities on a systematic basis over the periods in which the Association recognises as
expenses the related cost
2.9 Income recognition
Income is recognised to the extent that it is probable that the economic benefits will flow
to the Association and the income can be reliably measure. Income is measured at the fair
value of consideration received or receivable.
General donation and contributions are recognised when they have been received, unless
it is subject to donor-imposed conditions that specify the time period in which related
expenditure can take place. Such a pre-condition for use limits the Association’s ability to
expend the income until the time condition is met, and the income received in advance is
recognised as deferred income on the statement of financial position until the time period
in which the Association is allowed by the condition to expend the income.
Interest income is recognised when received.
Items received which are donated for resale, distribution or consumptions are not recorded
when received as it is usually not practical to ascertain the value of items involved.

Page 16

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

2. Summary of significant accounting policies – cont’d
2.10 Expenditure
All expenditure is accounted for on an accrual basis and has been classified under headings
that aggregate all costs related to that activity.
(a) Cost of generating funds
The cost of generating funds are those costs attributable to generating income for the
Association, other than those costs incurred in undertaking charitable activities in
furtherance of the Association’s objects.
(b) Cost of charitable activities
Expenditure on charitable activities comprises all costs incurred in the pursuit of the
charitable objects of the Association. Those costs, where not wholly attributable, are
apportioned between the categories of charitable expenditure. The total costs of each
categories of charitable expenditure therefore include an apportionment of support cost,
where possible.
All expenditure is accounted for an accrual basis and has been classified under headings
that aggregate all costs related to that activities.
(c) Governance and other administrative costs
Governance costs include the costs of governance arrangements, which relate to the
general running of the Association as opposed to the direct management functions inherent
in generating funds, service delivery and programme or project work. Expenditure on the
governance of the charity will normally include other direct and related support costs
which include internal and external audit, apportioned manpower costs and general costs
in supporting the governance activities, legal advice for governing board members, and
costs associated with constitutional and statutory requirements.
2.11 Leases
Lessee – Operating lease
Leases where substantially all risks and rewards incidental to ownership are retained by
the lessors are classified as operating leases. Payments made under operating leases (net
of any incentive received from the lessors) are recognised in the statement of financial
activities on a straight-line basis over the period of the lease.
Contingent rentals are recognised as an expense in the statement of financial activities
when incurred.

Page 17

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

2. Summary of significant accounting policies – cont’d

2.11 Leases – cont’d

Lessee – Finance lease

Leased assets in which the Association assumes substantially all the risks and rewards
incidental to ownership are classified as finance lease.

The leased assets and the corresponding lease liabilities (net of finance charges) under
finance leases are recognises in the statement of financial position as plant and equipment
(Note 6) and finance lease commitments (Note 10) respectively, at the inception of the
leases based on the lower of its fair value of the leased assets and the present value of the
minimum lease payments.

Each lease payment is apportioned between finance expense and the reduction of the
outstanding lease liability. The finance expense is recognised in statement of financial
activities on a basis that reflects a constant periodic rate of interest on the finance lease
liability.

2.12 Funds

Fund balances restricted by outside sources are so indicated and are distinguished from
unrestricted funds allocated to specific purposes, if any, by action of the Executive
Committee. Externally restricted fund may only be utilised in accordance with the purpose
established by the source of such funds or through the terms of an appeal and are in
contrast with unrestricted funds over the Executive Committee retains full control to use
in achieving any of its institutional purposes. An expense resulting from the operating
activities of a fund that is directly attributable to the fund is charged to that fund. Common
expenses, if any, are allocated on a reasonable basis to the funds based on a method most
suitable to that common expense.

2.13 Cash and cash equivalents

Cash and cash equivalents comprise cash at banks and on hand and are subject to an
insignificant risk of changes in value.

2.14 Taxes

As a charity, the Association is exempt from tax on income and gain falling within section
13(1) of the Income Tax Act to the extent that these are applied to its charitable objects.
No tax charges have arisen in the Association.

Page 18

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

2. Summary of significant accounting policies – cont’d

2.15 Related parties

A related party is defined as follows:

a) A person or a close member of that person’s family is related to the Association if that
person:
(i) Has control or joint control over the Association;
(ii) Has significant influence over the Association; or
(iii) Is a member of the key management personnel of the Association or of a parent
of the Association.

b) An entity is related to the Association if any of the following conditions applies:
(i) The entity and the Association are members of the same Group (which means
that each parent, subsidiary and fellow subsidiary is related to the others);
(ii) One entity is an associate or joint venture of the other entity (or an associate or
joint venture of a member of a Group of which the other entity is a member);
(iii) Both entities are joint ventures of the same third party;
(iv) One entity is a joint venture of a third party and the other entity is an associate
of the third entity;
(v) The entity is a post-employment benefit plan for the benefit of employees of
either the Association or an entity related to the Association. If the Association
is itself such a plan, the sponsoring employers are also related to the
Association;
(vi) The entity is controlled or jointly controlled by a person identified in (a);
(vii) A person identified in (a) (i) has significant influence over the entity or is a
member of the key management personnel of the entity (or of a parent of the
entity).
(viii) The entity, or any member of a group of which it is a part, provides key
management personnel services to the reporting entity or to the parent of the
reporting entity.

Key management personnel is defined as follows:

Key management personnel are those persons having the authority and responsibility for
planning, directly and controlling the activities of the Association.

Page 19

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

2. Summary of significant accounting policies – cont’d
2.16 Goods and services tax (GST)
GST incurred on purchase of assets or expenses are recognised as part of the cost of
acquisition of the asset of part of the expense item where applicable. Payables are stated
with the amount of GST included.
2.17 Provision
Provisions are recognised when the Assocation has a present obligation (legal or
constructive) as a result of a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and the amount of
the obligation can be estimated reliably.
Provisions are reviewed at the end of each reporting period and adjusted to reflect the
current best estimate. If it is no longer probable that an outflow of economic resources
will be required to settle the obligation, the provision is reversed. If the effect of the time
value of money is material, provisions are discounted using a current pre-tax rate that
reflects, where appropriate, the risks specific to the liability. When discounting is used,
the increase in the provision due to the passage of time is recognised as a finance cost.

3. Significant accounting judgements and estimates
The preparation of the financial statements requires the Executive Committee to make
judgements, estimates and assumptions that affect the application of accounting policies and the
reported amounts of assets, liabilities, income and expenses. Actual results may differ from these
estimates.
The Association does not have any material key sources of estimation uncertainty and
assumptions at the end of the financial year that have a significant risk of causing a material
adjustment to the carrying amount of assets and liabilities within the next financial year.
In the process of applying the Association’s accounting policies, the Executive Committee is
not aware of any judgements that have significant effect on the amounts recognised in the
financial statements.

Page 20

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019
4. Tax-deductible receipts

During the financial year, the Association issued tax-deductible receipts pursuant to its
Institution of a Public Character (“IPC”) for donations amounting to $286,818 (2018: $317,171)
5. Income tax expense
The Association is an approved charitable organisation under the Charities Act, Cap.37.
No provision for income tax is made in the financial statements as the Association, being a
charity, is exempted from income tax.

Page 21

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

6. Plant and equipment Centre Furniture and
improvement office equipment
Cost
At 01 April 2017 $ $
Additions
At 31 March 2018 250,032 10,377
- -
At 01 April 2018
Additions 250,032 10,377
Disposal/ Written-off
At 31 March 2019 250,032 10,377
227,005 3,644
Accumulated depreciation (1,223)
At 01 April 2017 - 12,798
Depreciation 477,037
At 31 March 2018
61,752 2,250
At 01 April 2018 49,284 1,463
Depreciation 111,036 3,713
Disposal/ Written-off
At 31 March 2019 111,036 3,713
47,115 2,746
Carrying amount (1,223)
At 31 March 2018 - 5,236
At 31 March 2019 158,151

138,996 6,664
318,886 7,562

As at date of statement of financial position, the carrying amount of equipm

Office equipment Computers Other equipment Total

$ $$ $

10,124 47,903 7,759 326,195
5,88 29,282 442 30,312
77,185 356,507
10,712 8,201
356,507
10,712 77,185 8,201 249,046
418 17,979 - (6,616)
-0 (5,393) - 598,937
89,771
11,130 8,201

4,298 16,653 2,550 87,503
1,925 18,842 1,561 73,075
6,223 35,495 4,111 160,578

6,223 35,495 4,111 160,578
2,031 23,449 1,640 76,981
(4,975) (6,198)
- 53,969 - 231,361
8,254 5,751

4,489 41,690 4,090 195,929
2,876 35,802 2,450 367,576

ment held under finance lease was $1,414 (2018: $2,828) (Note 10).

Page 22

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

7. Other receivables

2019 2018
$ $

Restated

Refundable deposits 7,096 3,590
Grant receivables 812,845 556,049
Other receivables
Prepayment 1,132 6,224
327 -
Total other receivables
821,400 565,863

The amount due from other receivables are unsecured, interest-free, non-trade in nature and
repayable on demand.

8. Cash and short-term deposits 2019 2018
$ $
Cash at banks
Cash on hand 624,303 301,467
1,550 412

625,853 301,879

Page 23

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted
Restricted funds are depicted as follows:

Mindset Care & COMIT CRE
(Designated share Mar
donation)

$$$

INCOME - 184,701 1,297,533
Income from
generated fund ---
Grants
General donation - 184,701 1,297,533
- Non-tax deductible
Income from ---
charitable activities ---
Training fees
Total income - 184,701 1,297,533

EST - 2019 Community Community CREST – Total carry
rsiling Community Chest Care Pasir Ris forward
$ foundation Charity $
of Singapore Training $
Support $
$ Fund
$

216,537 10,934 50,000 - 32,573 1,792,278
- - -
---
216,537 10,934 50,000
- 32,573 1,792,278
- - -
- - - ---
216,537 10,934 50,000 ---

- 32,573 1,792,278

Page 24

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted – cont’d Care & COMIT CRE
Mindset share Mars

(Designated
donation)

$$$$

EXPENSES - - (26)
Cost of generating - - (22)
funds - - (48)
Printing and stationery
Refreshment - - (2,200)
Cost of charitable - - (104,367) (
activities ---
Allowances for - - (815)
volunteers/ interns - - (484)
CPF and SDL - - (422)
Miscellaneous expenses - - (35,480)
Office supplies - - (11)
Printing and stationery - - (684,834) (1
Refreshment - - (896)
Rehabilitation expenses - (4,657) (19,204)
Rental - (8,557)
Salaries and bonus - (21,829)
Staff benefits - (4,657) (879,099) (1
Staff training
Telecommunications - (4,657) (879,147) (1
Transport expenses

Balance carry forward

EST - 2019 Community Community CREST – Total carry
siling Community Chest Care Pasir Ris forward
$ foundation Charity $
of Singapore Training $
Support $
$ Fund
$

(185) - - - - (211)
- - - - - (22)

(185) - - - - (233)

- - - - - (2,200)
(21,107) (4,174) (4,555) - (1,690) (135,893)
-
(155) - - - (15) (170)
(242) (37) - - (131) (1,225)
(52) - - (45)
(12) - - - (581)
(5,567) - - - - (434)
- - - (966) (42,013)
- - (26,394) - (11)
122,490) (31,735) - (4,063) - (875,239)
(77) - - (9,786) (1,349)
(376) (1,039) - - (29,614)
(651) (382) - (4,063) - (11,175)
(2,160) (1,215) (30,949) (4,063) - (28,621)
(5,325) (38,659) (30,949) (76) (1,128,525)
158,137) (38,659) (252) (1,128,758)
158,322) (12,961)
(12,961)

Page 25

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted – cont’d Care & COMIT CRE
Mindset share Mar

(Designated
donation)

EXPENSES (Cont’d) $ $ $ (1
Balance brought forward - (4,657) (879,147)
Governance and other
administrative costs - - - (1
Consultancy fees - - (12,975)
CPF and SDL - - (31,970)
Management fees - -
Office supplies - - (132)
Printing and stationery - - (200)
Repair and maintenance - - (413)
Salaries and other - - (80,847)
related costs - - (1,468)
Staff benefits - - (45)
Subscriptions - -
Sundry expenses - (4,657) -
- (128,050)
Total expenses (1,007,197)
Surplus/ (Deficit) for the
financial year 180,044 290,336

EST - 2019 Community Community CREST – Total carry
rsiling Community Chest Care Pasir Ris forward
$ foundation Charity $
of Singapore Training $
Support $
$ Fund
$

158,322) (38,659) (30,949) (4,063) (12,961) (1,128,758)

- - - - (1,070) (1,070)
- - - - - (12,975)
(5,726) - - - (38,590)
(18) - - - (894)
- - - - - (150)
- - - - - (200)
- - - - - (413)
(202) (117) - - - (80,847)
- - - - - (1,787)
- - - - - (45)
(5,946) (117) - - (200)
164,268) (38,776) (30,949) (4,063) (200) (136,277)
(2,164) (1,265,035)
52,269 (27,842) 19,051 (4,063) (15,125)

17,448 527,243

Page 26

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted – cont’d

Total Community Healing MU
brought Silver Trust Friends $
forward
$ $
$

INCOME

Income from 1,792,278 185,450 -
generated fund -
Grants - - -
General donation 1,792,278 185,450
- Non-tax deductible 1,420
Income from - - 1,420
charitable activities - - 1,420
Training fees
Total income 1,792,278 185,450

2019

UIS Senior Temasek Clients' Our Healing Total
Managemen Cares Assistance Voice
t Association Fund
scheme
$$$$$$

32,500 13,650 - - 143,644 2,167,552

32,500 13,650 - 2,010 - 2,010

- - - 2,010 143,644 2,169,532
- -
32,500 13,650 - - - 1,420
- - - 1,420

- 2,010 143,644 2,170,952

Page 27

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted – cont’d

Total Community Healing MU
brought Silver Trust Friends $
forward
$ $ (
$ (
EXPENSES - (
Cost of generating (211) - -
funds (22) - -
Printing and stationery (233) -
Refreshment (327)
(2,200) - -
Cost of charitable (135,893) - -
activities -
Allowances for (170) - (104)
volunteers/ interns (1,225) - (132)
CPF and SDL - (1,632)
Miscellaneous expenses (581) -
Office supplies (434) - -
Printing and stationery (42,013) - -
Refreshment (11) - -
Rehabilitation expenses (875,239) - -
Rental (1,349) - -
Salaries and bonus (29,614) - (127)
Staff benefits (11,175) - -
Staff training (28,621) - (2,322)
Telecommunications (1,128,525) (2,322)
Transport expenses (1,128,758)

Balance carry forward

2019

UIS Senior Temasek Clients' Our Healing Total
Managemen Cares Assistance Voice
t Association Fund
scheme
$$$$$$

- - - - - (211)
- - - - - (22)
- - - - - (233)

- - - - - (2,527)

(6,793) - - - (13,298) (155,984)
- - - - (72) (242)
(12) - - - (126) (1,467)
- - - - (644) (1,357)
- - - - (617) (2,683)
- - - - (1,235) (43,248)
- - - - (1,808) (1,819)
(51,781) - - - (77,115) (1,004,135)
- - - - (145) (1,494)
(380) - - - (668) (30,662)
(598) - - - - (11,900)
(462) - - (720) (863) (30,666)
(60,026) - - (720) (96,591) (1,288,184)

(60,026) - - (720) (96,591) (1,288,417)

Page 28

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted – cont’d

Total Community Healing M
brought Silver Trust Friends
forward
$ $
$ (2,322)
EXPENSES (Cont’d)
Balance bought forward (1,128,758) - -
Governance and other -
administrative costs (1,070) - -
Consultancy fees (12,975) - -
CPF and SDL (38,590) - -
Management fees - -
Office supplies (150) - -
Printing and stationery (200) - -
Repair and maintenance (413) - -
Salaries and other (80,847) - -
related costs (1,787) - -
Staff benefits (45) - (2,322)
Subscriptions (200) -
Sundry expenses (136,277) - (902)
(1,265,035)
Total expenses 185,450
527,243
Surplus/ (Deficit) for the
financial year

MUIS 2019 Temasek Clients' Our Healing Total
$ Senior Cares Assistance Voice
Management $ $ $
Association Fund (1,288,417)
scheme $

$

(60,026) - - (720) (96,591)

- - - - - (1,070)
- - - - - (12,975)
(2,863) - - - (4,772) (46,225)
- - - - (31) (181)
- - - - - (200)
- - - - (788) (1,201)
- (13,650)
- - - - - (94,497)
- - - - (265) (2,052)
- - - - - (45)
(2,863) (13,650) - - - (200)
(62,889) (13,650) - - (5,856) (158,646)

(30,389) - - (720) (102,447) (1,447,063)

- 1,290 41,197 723,889

Page 29

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted – cont’d

Mindset Care & COMIT CRE
(Designated share $ Mar
donation) Res
$ Restated
$
-
INCOME -

Income from - - 814,609
generated fund - - 814,609
Grants -
Income from - -
charitable activities - -
Training fees - 814,609
Total income

EST - 2018 Healing MUIS Temasek Total
rsiling Community Friends $ Cares $
stated foundation $
of Singapore $ Restated

$

153,631 31,920 - 65,000 - 1,065,160
153,631 31,920 - 65,000 - 1,065,160

153,631 - 980 - - 980
- 980 - - 980
31,920 980 65,000 - 1,066,140

Page 30

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted – cont’d

Mindset Care & COMIT CRE
(Designated share $ Mars
donation) Resta
$ Restated
$
-
EXPENSES -
-
Cost of charitable - - (1,225) (1
activities - - (91,755)
Allowances for - (
volunteers/ interns - (321) (500) (
CPF and SDL - - (121) (
Empowerment - - (2,737) (11
programmes - - (3,410)
Miscellaneous expenses - - (76) (
Office supplies - - (20,947) (
Printing and stationery - (33) (584,263) (15
Refreshment - (354) (1,535) (15
Rehabilitation expenses - (354) (7,560)
Salaries and bonus - (5,459)
Staff benefits - (19,335)
Staff training - (738,923)
Telecommunications
Transport expenses - (738,923)

Balance carry forward

EST - 2018 Healing MUIS Temasek Total
siling Community Friends $ Cares $
ated foundation $
of Singapore $ Restated

$

- - (7,770) - - (8,995)
19,918) (1,469) (8,305) (1,681) - (123,128)
- (500)
- - - - - (811)
(660) - (30) - - (4,376)
(1,439) - (200) - - (5,787)
(2,265) - (78) (34) - (1,305)
- (908) - - (29,142)
- - (50) - - (766,240)
(8,145) (8,515) (48,173) (9,739) - (2,745)
15,550) (525) (124) - - (7,879)
- - - (8,309)
(561) - - (183) - (23,831)
(319) - (416) (174) - (983,048)
(2,251) (10,509) (928) (11,811) - (983,048)
(3,361) (66,982)
54,469) (10,509) (11,811) Page 31
(66,982)
54,469)

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted – cont’d

Mindset Care & COMIT CRES
(Designated share Marsi
donation)
$
$ (354) $ Resta
Restated
EXPENSES (Cont’d) (5,000)

Balance brought forward - (5,000) (738,923) (154
(5,354)
Governance and other - (5,354) (11,138)
administrative costs - (88)
CPF and SDL - -
Printing and stationery -
Publicity - (1,016)
Repair and maintenance - (64,630)
Salaries and other -
related costs (326)
Staff benefits (77,198)
(816,121)
Total expenses - (154

(Deficit)/ Surplus for the - (1,512) (1
financial year

ST - 2018 Healing MUIS Temasek Total
iling Community Friends $ Cares $
ated foundation $
$ Restated
of
Singapore

$

4,469) (10,509) (66,982) (11,811) - (983,048)

- - (1,242) - - (12,380)
- - (10) - - (98)
- - - - - (5,000)
(286) - - - - (1,302)
- - - - (71,830)
- - (7,200) - - (326)
(286) - (8,452) - - (90,936)
4,755) (10,509) (75,434) (11,811) - (1,073,984)

1,124) 21,411 (74,454) 53,189 - (7,844)

Page 32

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted – cont’d

The Designated Donation Fund are funds subject to specific trusts, which may be declared by
the donor(s) or with their authority or created through legal process, but still within the wider
objects of the Association. This fund is established to finance part of operational costs including
staff costs, promotions and publicity expenses.

The Care & Share fund relates to grants received from the Ministry of Social and Family
Development (“MSF”) for certain qualifying uses which are in line with the objects of the
Association.

Community Intervention Team (“COMIT”) refers to a funding provided by the AIC for
certain charitable costs including staff and related costs. The funding is provided based on actual
costs incurred.

The Community Resource Engagement and Support Team (“CREST”) is funded by AIC
to establish a community-based programme in Marsiling Centre which aims to serve a
community safety net to reach out to those at risk of or with mental illness.

The Community Foundation of Singapore (“CFS”) provides funding to the Association in
accordance with charitable activities and programmes which the Association proposes to
undertake. As at the financial year end, the Association has received one grant from CFS for the
purpose of peer-to-peer to empowerment programme. The grant was used to defray the salary
and related costs of a para counsellor appointed for this programme.

The National Council of Social Service (NCSS) provide funding to the Association for
Community Chest Charity Support Fund for certain charitable cost including staff and related
costs and capital expenditure to build new centre in Buangkok.

The Community Care Training is funded by AIC to provide support and training needs of
Community Care organisation.

The Community Resource Engagement and Support Team (“CREST”) is funded by AIC
to establish a community-based programme in Pasir Ris Centre which aims to serve a
community safety net to reach out to those at risk of or with mental illness.

The Community Silver Trust (“CST”) is funded by AIC for the purpose of encourage
donations and provide additional resources for service providers to enhance capabilities, provide
value-added services to achieve higher quality care and enhance affordability of step-down care
for service users.

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CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

9. General fund – restricted – cont’d
NCSS Healing Friends refers to a funding from the National Council of Social Service
(“NCSS”) for certain charitable costs including staff and related costs. The quantum and
disbursement are reviewed by NCSS annually.
“MUIS” refers to a Service Level Agreement (“Agreement”) between Majlis Ugama Islam
Singapura (“MUIS”) and the Association to provide counselling services to six full-time
Madrasahs in Singapore. Under the term of the Agreement, the Association is entitled to receive
a project grant over three years from January 2018 to Jun 2020.
The Senior Management Associate Scheme (“SMAS”) is funded by AIC for the purpose to
attract senior managers into the community care sector.
Temasek Cares refers to a funding provided by the Agency for Integrated Care (“AIC”) for
certain charitable costs including staff and related costs. The funding is provided based on 50%
of actual costs incurred.
The Client’s Assistance Fund consists of Zakat donations received that are used to provide
financial aid to clients that have assessed to be eligible to receive this clients’ assistance fund.
Our Healing Voice refers to a funding from the National Council of Social Service (“NCSS”)
for certain charitable costs including staff and related costs. The funding quantum and
disbursement are reviewed by NCSS annually.

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CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

10. Finance lease payables

2019 2018
$$

Minimum lease payments payables 1,605 1,605
Within 1 year 268 1,873
Between 1 – 5 years -
After 5 years -
Finance charges allocated to future periods (223) (414)

Present value of minimum lease payables 1,650 3,064

Present value of minimum lease payables 1,414 1,414
Within 1 year 236 1,650
Between 1 – 5 years -
After 5 years -
1,650
Present value of minimum lease payables 3,064

The purpose of the finance lease is for the purchase of a plant and equipment (other equipment)
(Note 6).

Finance lease obligations is denominated in Singapore dollars (S$) with interest rates of 2.7%
(2017: 2.7%) at the date of contract and are secured by the lessor’s charge over the leased assets.

All finance leases are on a fixed repayment basis and no arrangements have been entered into
for contingent rental payments.

Interest rates are fixed at the contract date, and thus no exposure to interest rate fluctuation risk.
The fair value of the Association’s lease obligations approximates their carrying amount.

11. Other payables

2019 2018
$$

Accrued expenses 233,194 63,357
Other payables 12,683 6,713

Total other payables 245,877 70,070

The amount due to other payables are unsecured, interest-free, non-trade in nature and repayable
on demand.

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CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019

12. Significant related party transactions

For the purposes of financial statements, parties are considered to be related to the Association,
if the Association has the ability, directly or indirectly, to control the party or exercise
significant influence over the party in making financial and operating decision, or vice versa,
or where the Association and the party are subject to common control or common significant
influence, Related parties may be individuals or other entities.

Except for the related party transactions on terms agreement between the Association and its
related parties as disclosed below, there are no other transaction and arrangements between the
Association and related parties.

A related party includes the executive committee members and key management personnel of

the Association. It also includes and entity or person that directly or indirectly control, is
controlled by, or is under common or joint control with these persons. It also includes close

members of the family or any individuals referred to herein and others who have the ability to

control, jointly control or significantly influence by or for which significantly voting power in
such entity resides with directly or indirectly, any such individual.

The key management personnel are those persons having authority and responsibility for

planning, directing and controlling the activities of the Association. The key management
personnel for the reporting period include the CEO, manager and key executive.

The remuneration of key management personnel during the financial year is as follows:

2019 2018
$$

Staff salary, bonus and related costs 166,094 -
Staff CPF 25,494 -

191,588 -

During the financial year, there were no remuneration paid to the Association’s Executive
Committee members.

Number of key management personnel whose remuneration was in the $100,000 band and
above is $Nil (2018: $Nil).

Page 36