Club Heal Audited Report_31.3.2021

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 2021

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 - 11

12
13 - 49

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
Siti Hawa Sulaiman Treasurer
Fauziah Bte Mohamed Hussain Assistant Treasurer
Muhammad Fithri Bin Daud Secretary
Amarjit Kaur Assistant Secretary
Nur Izzati Member
Noorunnisa d/o PK Ibrahim Kutty Member
Rohizan Binte Talib Member
Bibi Jan Binte Mohamed Ayyub Member
Deena Binte Abdul Aziz Bajrai Member
Eunice Olsen Member
John Ho Member
Siti Aishah Bte Jaffar Member
Siti Noor Baizura Binti Rahmatullah Member
Tazrinah Bte Hussin

Registered office and principal place of business
254 Bukit Batok East Ave 4
#01-229
Singapore 650254

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 2021

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 2021, 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 2021 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 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.

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.

Page 2

CLUB HEAL

INDEPENDENT AUDITOR’S REPORT (Continued)
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

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.

• Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Association’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the Executive Committee.

Page 3



CLUB HEAL

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

General 2021 Total General 2020 Total
Fund Un- General $ Fund Un- $
restricted restricted General
Fund Fund 2,512,101
$ Restricted $ -
(Note 9) Restricted
(Note 9) 364,589
$ 447,996
$ 3,324,686

INCOME 24,750 2,454,368 2,479,118 3,000 2,509,101 1,190
33,918 - 33,918 - - 10
Income from generated
funds 37,273 - 37,273 328,835 35,754 7,455
Grants 6,255
Wakaf collection 477,923 - 477,923 436,596 11,400 5,166
Donation – Non-tax 573,864 2,454,368 3,028,232 768,431 2,556,255 20,076
deductible
Donation – Tax 280 - 280 1,190 - 43,279
deductible - - - 10 - 72,928
- - 324,784
Income from charitable 2,067 - 2,067 7,455 - 440,991
activities 5,778 - 5,778 6,255 1,630 3,785,753
Entrance fee 3,536
Membership fees 750 - 750 1,630
Sale of books 18,446
Thrift shops 8,875 8,875
Training fees
3,873 - 3,873 43,279 -
Other income 614,332 - 614,332 68,762 4,166
Wages Credit Scheme/ 168,839 - 168,839 324,784
SEC 787,044 - 787,044 436,825 -
Others 4,166
Management fee income 1,369,783 2,454,368 3,824,151 1,223,702
2,562,051
Total income

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 2021

General 2021 Total General 2020 Total
Fund Un- General $ Fund Un- $
restricted restricted General
Fund Fund
$ Restricted $
(Note 9) Restricted
(Note 9)
$
$

EXPENSES

Cost of generating funds (65) - (65) (217) - (217)
Bank charges
(920) - (920) - --
Cost of goods sold (190) - (490)
Office supplies (6,924) (10) (200) (490) - (2,932)
Printing and stationery (1,290) - (12,706)
Programmes (31) - (6,924) (2,932) - (721)
Refreshments (134) --
Rental (244) - (1,290) (12,706) - (664)
Transport expenses
(9,798) - (31) (721) - (17,730)

- (134) -

- (244) (664)

(10) (9,808) (17,730)

Cost of charitable (105) - (105) (3,552) (1,000) (4,552)
activities (34,515) (190,610) (225,125) (31,443) (170,159) (201,602)
Allowances for
(2,377) (1,900) (4,277) (2,037) - (2,037)
volunteers/ interns
CPF and SDL (674) (1,500) (2,174) (10,260) (10,739) (20,999)
Depreciation of plant and (2) (229) (231) (2,064) (508) (2,572)
equipment (2,408) (4,691)
Empowerment (1,752) (1,450) (3,202) (9,880) (2,283) (13,476)
programmes (6,424) (1,493) (7,917) (5,437) (3,596) (9,649)
(64,441) (4,212) (108,038)
Miscellaneous expenses - (292) (292) (43,597) (4,428)
(16,928) (62,531) (79,459) (703) (3,725) (1,277,501)
Office supplies (184,637) (1,092,864) (4,697)
Printing and stationery - - - (3,919) (27,578)
(221,481) (1,220,418) (1,441,899) (778) (15,118) (16,638)
Refreshments (12,460) (14,854) (41,757)
Rehabilitation expenses - (1,505) (1,505) (1,784) (38,569) (5,437)
Rental (774) (15,169) (15,943) (3,188) (1,745,652)
Salaries and bonus (3,765) (18,752) (22,517) (5,437) -
Staff benefits (2,206) (13,914) (16,120) (340,509) (1,405,143)
Staff training (279) (1,949) (2,228)
Telecommunications (291,282) (1,531,712) (1,822,994)

Transport expenses
Uncapitalised fixed asset

Balance carry froward (301,080) (1,531,722) (1,832,802) (358,239) (1,405,143) (1,763,382)

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 2021

General 2021 Total General 2020 Total
Fund Un- General $ Fund Un- $
restricted restricted General
Fund Fund
$ Restricted $
(Note 9) Restricted
(Note 9)
$
$

EXPENSES (Cont’d)

Balance brought forward (301,080) (1,531,722) (1,832,802) (358,239) (1,405,143) (1,763,382)

Governance and other - - - (173) - (173)
administrative costs (3,000) - (3,000) - - -
Loss on disposal (13,860) - (13,860) -
Accounting - (19,650) - (19,650)
Audit fees (482) (100) (482) (570) (302) (570)
Bank charges (44,357) (15,847) (44,457) (27,989)
Consultancy fees (48,941) (64,788) (23,221) (23,523)
CPF and SDL (8,826) (51,401) (99) (79,390)
Depreciation of plant and (182,693) - (191,519) -
equipment (32) (32) (119,592) - (119,691)
Hire purchase interest (233) (191) (191)
Insurance (5,194) - (5,427) (45)
Licence fees - - (2,271) (243,213) (2,271)
Management fees (122,596) 300 255
Miscellaneous expenses (46,243) - (168,839) (7,920)
Office supplies (109) (109) (81,571) (35) (324,784)
Printing and stationery (3,739) (3,349) (55) (11,269)
Publicity (1,280) (27) (5,019) (1,369) (1,404)
Refreshments (348) (148) (375) (2,265)
Rental of equipment - - (148) (927) - (982)
Rental of premises (40) - (40) (2,130) - (4,395)
Repair and maintenance (2,441) (2,441)
Salaries and other related (2,137) (8,560) (2,137) (4,075) (856) (4,075)
costs - (5) (8,560) -
Staff benefits (18,158) - (856)
Staff retreat (18,153) (91,878) (10,119) (168,190) (10,119)
Subscriptions - (379,432) (363)
Sundry expenses (287,554) - (1,468) (349,449) (517,639)
Training expenses (1,468) - (1,796) (1,926) (2,159)
Transport expenses - (142) (4,302) - - (1,926)
Utilities (4,160) - (370) (5,218) - (5,218)
Uncapitalised fixed asset (370) - (300) (272) (272)
(300) - (1,866) (9,397) (480) (9,877)
(1,866) - (1,306) (4,280) (605) (4,885)
(1,306) (1,997) (4,264) (4,264)
(1,832) (165) (8,024) - (8,395)
(252,266) (917,991) (371)
(665,725) (705,450) (454,714) (1,160,164)

Total expenses (966,805) (1,783,988) (2,750,793) (1,063,689) (1,859,857) (2,923,546)

Surplus for the 402,978 670,380 1,073,358 160,013 702,194 862,207
financial year

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

Page 7

CLUB HEAL

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2021

Note 2021 2020
$ $

ASSETS 6 574,326 761,719
Non-current assets 574,326 761,719
Plant and equipment
7 860,555 906,413
Current assets 8 2,155,560 872,196
Other receivables 1,778,609
Cash and short-term deposits 3,016,115 2,540,328

Total assets 3,590,441 288,010
2,141,499
FUNDS AND LIABILITIES 646,101 2,429,509
Funds 9 2,856,766
General fund – Unrestricted -
General fund – Restricted 3,502,867 -

Non-current liabilities 10 - 110,583
Finance lease payables - 236

Current liabilities 11 87,574 110,819
Other payables 10 - 110,819
Finance lease payables 2,540,328
87,574
Total liabilities
Total funds and liabilities 87,574

3,590,441

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 2021

General Mindset Care & CO
(Designated Share
donation)

Balance as at 01 April 2019 $ $ $ 1
Surplus/ (deficit) for the year 127,997 (39,952) 240,424
Balance as at 31 March 2020 160,013 23,534
Balance as at 01 April 2020 288,010 - 263,958
Surplus/ (deficit) for the year 288,010 (39,952) 263,958
Gross transfer between funds 402,978 (39,952) (1,900)
Balance as at 31 March 2021 (44,887) (326,498)
646,101 - (64,440)
-
(39,952)

The accompanying notes form an int

OMIT CREST - Community Community Community Total carry
Marsiling Foundation Chest Care forward
$ of Singapore Charity $
602,573 Training 1,171,207
211,023 $ $ Support Fund
813,596 231,608 (6,431) Fund $
813,596 $ (4,063)
339,183 19,051
350,000
1,502,779 40,282 (3,301) 20,349 327 452,227

271,890 (9,732) 39,400 (3,736) 1,623,434

271,890 (9,732) 39,400 (3,736) 1,623,434

82,701 (38,717) - 14,001 798,246

175,000 40,937 (12,767) (10,265) 171,520

529,591 (7,512) 26,633 - 2,593,200

tegral part of these financial statement.

Page 9

CLUB HEAL

STATEMENT OF CHANGES IN FUNDS (Continued)
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

Total CREST – Community He
brought Pasir Ris Silver Trust Fr
forward
Balance as at 01 April 2019 $ $
Surplus/ (deficit) for the year $ 42,448 185,450
Balance as at 31 March 2020 1,171,207 49,701 300,000
Balance as at 01 April 2020 92,149 485,450
Surplus/ (deficit) for the year 452,227 92,149 485,450
Gross transfer between funds 1,623,434 100,690
Balance as at 31 March 2021 1,623,434 175,000 -
367,839 (420,079)
798,246
171,520 65,371
2,593,200

The accompanying notes form an int

ealing MUIS Senior MMCDF Clients' Total carry
riends $ Management Assistance forward
22,800 Association $
$ - Fund
93,420 Scheme -
$ - $ $
459 - - 10,780 1,526,105
93,879
93,879 32,779 (54,954) (9,208) 46,315 826,527
-
- 55,579 (54,954) 57,095 2,352,632
- (9,208)
93,879 55,579 (54,954) 57,095 2,352,632

45,211 - - 934,939

- 54,954 - (18,605)

100,790 - 57,095 3,268,966

tegral part of these financial statement.

Page 10

CLUB HEAL

STATEMENT OF CHANGES IN FUNDS (Continued)
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

Balance as at 01 April 2019 Total brought One Healing CREST –
Surplus/ (deficit) for the year forward Voice Geylang
Balance as at 31 March 2020 $ $
Balance as at 01 April 2020 1,526,105 41,197 $
Surplus/ (deficit) for the year 826,527 35,680 -
Gross transfer between funds 2,352,632 76,877 -
Balance as at 31 March 2021 2,352,632 76,877 -
934,939 46,218 -
(18,605) -
3,268,966 123,095 22,009
100,000
122,009

The accompanying notes form an int

CREST – Care Empowering of The Invictus President’s Total
Giving Life Fund Fund Challenge
$
$ $ $ $ 1,567,302
- - - -
- 862,207
- -- - 2,429,509
- 2,429,509
- -- 1,073,358
81,395
- -- (81,395) -
3,502,867
(1,664) (27,083) 17,544 -

-

(1,664) (27,083) 17,544

tegral part of these financial statement.

Page 11

CLUB HEAL

STATEMENT OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

Note 2021 2020
$ $
Cash flows from operating activities 6
Surplus before tax 6 1,073,358 862,207
Adjustment for: 8
Depreciation of plant and equipment 195,796 121,728
Loss on disposal of plant and equipment - 212

Change in working capital: 1,269,154 984,147
Other receivables
Other payables 45,858 (85,013)
Cash generated from operations (23,009) (135,294)
Income tax paid 1,292,003
Net cash generated from operating 763,840
activities - -

Cash flows from investing activities 1,292,003 763,840
Acquisition of plant and equipment
Net cash (used in) investing activities (8,403) (516,083)
(8,403) (516,083)
Cash flows from financing activities
Repayment of finance lease (236) (1,414)
Net cash (used in) financing activities (236) (1,414)

Net increase in cash and cash 1,283,364 246,343
equivalents 872,196 625,853
Cash and cash equivalent at 01 April
Cash and cash equivalents at 2,155,560 872,196
31 March

The accompanying notes form an integral part of these financial statement.
Page 12

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

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 254 Bukit Batok East
Ave 4 #01-229 Singapore 650254.
The Association has been accorded the status of an Institution of Public Character (“IPC”) from
05 August 2016 to 31 October 2017, and this was subsequently renewed to 28 April 2023.
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 13

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

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 item 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 14

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

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 calculated using the straight-line method to allocate depreciable
amounts over their estimated useful lives. The estimated useful lives are as follows:

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

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 15

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

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 all 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 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 comes 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 16

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

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 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.
2.8 Provisions
Provisions are recognised when the Association 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.
2.9 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.

Page 17

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

2. Summary of significant accounting policies – cont’d
2.10 Employee benefits
(a) 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.
2.11 Leases
The Association assesses at contract inception whether a contract is, or contains, a lease.
That is, if the contract conveys the right to control the use of an identified asset for a period
of time in exchange for consideration.
As lessee
Short-term leases and leases of low-value assets
The Association applies the short-term lease recognition exemption to its short-term leases
of premises (i.e. those leases that have a lease term of 12 months or less from the
commencement date and do not contain a purchase option). It also applies the lease of
low-value assets recognition exemption to leases of office equipment that are considered
to be low value. Lease payments on short-term leases and leases of low value assets are
recognised as expenses on a straight-line basis over the lease term.
2.12 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.
2.13 Expenditure
All expenditure is accounted for on an accrual basis and has been classified under headings
that aggregate all costs related to that activity.

Page 18

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

2. Summary of significant accounting policies – cont’d
2.13 Expenditure – cont’d
(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.
(d) Management fees
Management fees are allocated costs comprised of general management, corporate
communications, human resource and administration, finance, facilities and
information technology which are allocated to respective cost of activities or
programmes on a basis determined by the Management Committee.
2.14 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.

Page 19

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

2. Summary of significant accounting policies – cont’d
2.15 Taxes
(a) Income tax
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.
(b) 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.
2.15 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 20

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

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.

4. Donation
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 $477,923
(2020: $447,996).
Non-tax deductible donation
Non-tax deductible donation are those general donation received without benefits as per IRAS
ruling. The gross non-tax deductible receipts without benefit during the financial year are
$71,191 (2020: $364,589).

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 2021

6. Plant and equipment Centre Furniture and
improvement office equipment
Cost
At 01 April 2019 $ $
Additions
Disposal/ Written-off 477,037 12,798
At 31 March 2020 435,697 29,224
At 01 April 2020
Additions - (353)
Disposal/ Written-off 912,734 41,669
At 31 March 2021
Accumulated depreciation 912,734 41,669
At 01 April 2019 - -
Depreciation -
Disposal/ Written-off (102,776)
At 31 March 2020 809,958 41,669
At 01 April 2020
Depreciation 158,151 5,236
Disposal/ Written-off 91,458 4,634
At 31 March 2021 (141)
Carrying amount - 9,729
At 31 March 2020 249,609
At 31 March 2021 9,729
249,609 8,281
162,018
(102,776) -
308,851 18,010

663,125 31,940
501,107 23,659

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

Office Computers Other Total
equipment equipment
$ $
$ $
89,771 598,937
11,130 25,796 8,201 516,083
6,430 18,936
(600) - (953)
16,960 115,567 - 1,114,067
115,567 27,137 1,114,067
16,960
- 8,403 27,137 8,403
- - - (102,776)
- 1,019,694
16,960 123,970
27,137

8,254 53,969 5,751 231,361
2,555 21,027 2,054 121,728
(600)
10,209 - - (741)
74,996 7,805 352,348
10,209
1,766 74,996 7,805 352,348
19,454 4,277 195,796
- (102,776)
11,975 - - 445,368
94,450 12,082

6,751 40,571 19,332 761,719
4,985 29,520 15,055 574,326

ment held under finance lease was $Nil (2020: $Nil) (Note 10).

Page 22

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

7. Other receivables

2021 2020
$ $

Grant receivables 841,914 884,253
Other receivables - 2,801
Prepayment 2,881
Refundable deposits 3,573 16,478
15,068
Total other receivables 906,413
860,555

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

8. Cash and short-term deposits 2021 2020
$ $
Cash at banks
Cash on hand 2,154,560 871,882
1,000 314

2,155,560 872,196

Page 23

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

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

Care & Share COMIT CREST -
Marsiling
INCOME $ $
Income from generated $
fund - 1,404,955
Grants - - 239,833
General donation - - -
- Non-tax deductible - -
- Tax deductible 1,404,955
- 239,833
Income from charitable - -
activities - - -
Training fees - - -
- - -
Other income 1,404,955 -
Others - 239,833
- -
Total income - - -
EXPENSES - -
Cost of generating funds -
Office supplies

Balance carry forward

Community 2021 Community Community CREST – Pasir Total carry
Care Training Ris forward
Foundation of Chest Charity $ $
Singapore Support Fund $
$$

- - 14,001 260,416 1,919,205

-----
-----

- - 14,001 260,416 1,919,205

-----
-----

-----
-----

- - 14,001 260,416 1,919,205

- - - (10) (10)
- - - (10) (10)

- - - (10) (10)

Page 24

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

9. General fund – Restricted – cont’d

Care & Share COMIT CREST -
Marsiling
EXPENSES (Cont’d) $ $
Balance brought forward - - $
Cost of charitable -
activities - -
Allowances for - (102,536) -
volunteers/ interns (1,900) (19,778)
CPF and SDL - -
Depreciation of plant and - - -
equipment - (65) -
Empowerment programmes - (1,217) -
Miscellaneous expenses - (91) (61)
Office supplies - - (664)
Printing and stationery - (21,552) -
Refreshment - - (4,532)
Rehabilitation expenses - (728,305) -
Rental - (643) (114,658)
Salaries and bonus - (5,949) (146)
Staff benefits - (11,922) (321)
Staff training - (9,681) (1,552)
Telecommunications (1,900) - (906)
Transport expenses (1,900) (881,961) -
Uncapitalised fixed asset (881,961) (142,618)
(142,618)
Balance carry forward

Community 2021 Community Community CREST – Pasir Total carry
Care Training Ris forward
Foundation of Chest Charity $ $
Singapore Support Fund $
(10)
$$

- - - (10)

-----
(5,586) - - (19,127) (147,027)

- - - - (1,900)
-----
- - - (12) (77)
- - - (7) (1,285)
- - - (39) (794)
-----
- - - (4,568) (30,652)
-----
(32,406) - - (110,881) (986,250)
(155) - - - (944)
- - - (321) (6,591)
(549) - - (1,247) (15,270)
(21) - - (1,687) (12,295)
-----
(38,717) - - (137,889) (1,203,085)

(38,717) - - (137,899) (1,203,095)

Page 25

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

9. General fund – Restricted – cont’d

Care & Share COMIT CREST -
Marsiling
EXPENSES (Cont’d) $ $
Balance brought forward (1,900) (881,961) $
Governance and other (142,618)
administrative costs - -
Consultancy fees - (15,847) -
CPF and SDL - (7,139) -
Depreciation of plant and - (1,585)
equipment - (121) (24)
Insurance - - -
Licence fees - (12,905)
Management fees - (68,826) -
Miscellaneous expenses - - -
Office supplies - - -
Printing and stationery - - -
Publicity - - -
Rental of premises - - -
Repair and maintenance - - -
Salaries and other related - -
costs - (91,878) -
Staff benefits - - -
Staff retreat - - -
Subscription - - -
Training expenses - - -
Transport expenses (1,900) - (14,514)
Uncapitalised fixed asset - (157,132)
(1,900)
Total expenses (183,811) 82,701
Surplus/ (Deficit) for the (1,065,772)
financial year
339,183

Community 2021 Community Community CREST – Pasir Total carry
Care Training Ris forward
Foundation of Chest Charity $ $
Singapore Support Fund $
$$ (1,203,095)

(38,717) - - (137,899)

- - - (100) (100)
- - - - (15,847)
-
- - - (73) (8,797)
- - - (24) (169)
- ----
- (12,905) (94,636)
- ----
- ----
- ----
- ----
- - - (8,560) (8,560)
- ----
-
- - - - (91,878)
- ----
- ----
- ----
- ----
(38,717) ----
- - (165) (165)
(38,717) - - (21,827) (220,152)

- - (159,726) (1,423,247)

- 14,001 100,690 495,958

Page 26

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

9. General fund – Restricted – cont’d

Total brought Community Healing Friends
forward Silver Trust

INCOME $ $ $
Income from generated
fund 1,919,205 - -
Grants - - -
General donation - - -
- Non-tax deductible - -
- Tax deductible 1,919,205
- -
Income from charitable - - -
activities - - -
Training fees - - -
- - -
Other income 1,919,205
Others - -
(10) - -
Total income (10) - -
EXPENSES (10)
Cost of generating funds
Office supplies

Balance carry forward

MUIS 2021 Malay/ Muslim Clients' Total carry
$ Senior Community Assistance Fund forward
Development $
Management Fund $
Association $

Scheme
$

140,048 - - - 2,059,253
-----
-----

140,048 - - - 2,059,253

-----
-----
-----
-----
140,048 - - - 2,059,253

- - - - (10)
- - - - (10)
- - - - (10)

Page 27

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

9. General fund – Restricted – cont’d

Total brought Community Healing Friends
forward Silver Trust

EXPENSES (Cont’d) $ $ $
Balance brought forward (10) - -
Cost of charitable
activities - - -
Allowances for (147,027) - -
volunteers/ interns - -
CPF and SDL (1,900) - -
Depreciation of plant and - - -
equipment - -
Empowerment programmes (77) - -
Miscellaneous expenses (1,285) - -
Office supplies - -
Printing and stationery (794) - -
Refreshment - - -
Rehabilitation expenses - -
Rental (30,652) - -
Salaries and bonus - - -
Staff benefits - -
Staff training (986,250) - -
Telecommunications (944) - -
Transport expenses - -
Uncapitalised fixed asset (6,591)
(15,270)
Balance carry forward (12,295)

-
(1,203,085)
(1,203,095)

MUIS 2021 Malay/ Muslim Clients' Total carry
$ Senior Community Assistance Fund forward
Development $
Management Fund $ (10)
Association $

Scheme
$

----

- -- --
(12,054) -- - (159,081)

- -- - (1,900)
- -- --
- -- - (77)
- -- - (1,285)
- - (13) - (807)
- -- --
(1,798) - (136) - (32,586)
(69,899) -- --
(1,334) -- - (1,056,149)
(721) -- - (944)
(420) - (107) - (8,032)
(86,226) - (25) - (16,016)
(86,226) - (324) - (13,039)
-- --
- (605) - (1,289,916)
- (605) - (1,289,926)

Page 28

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

9. General fund – Restricted – cont’d

Total brought Community Healing Friends
forward Silver Trust

EXPENSES (Cont’d) $ $ $
Balance brought forward (1,203,095) - -
Governance and other
administrative costs (100) - -
Consultancy fees (15,847) - -
CPF and SDL (8,797) - -
Depreciation of plant and - -
equipment (169) - -
Insurance - - -
Licence fees - -
Management fees (94,636) - -
Miscellaneous expenses - - -
Office supplies - - -
Printing and stationery - - -
Publicity - - -
Rental of premises - -
Repair and maintenance (8,560) - -
Salaries and other related - - -
costs - -
Staff benefits (91,878) - -
Staff retreat - - -
Subscription - - -
Training expenses - - -
Transport expenses - - -
Uncapitalised fixed asset -
- -
Total expenses (165)
Surplus/ (Deficit) for the (220,152)
financial year (1,423,247)

495,958

MUIS 2021 Malay/ Muslim Clients' Total carry
$ Senior Community Assistance Fund forward
Development $
Management Fund $ (1,289,926)
Association $

Scheme
$

(86,226) - (605) -

- -- - (100)
- -- - (15,847)
- -- - (8,797)
(8) -- - (177)
- -- --
(8,603) - (8,603) - (111,842)
- -- --
- -- --
- -- --
- -- --
- -- - (8,560)
- -- --
- -- - (91,878)
- -- --
- -- --
- -- --
- -- --
- -- --
- -- - (165)
(8,611) - (8,603) - (237,366)
(94,837) - (9,208) - (1,527,292)

45,211 - (9,208) - 531,961

Page 29

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

9. General fund – Restricted – cont’d

INCOME Total brought One Healing CREST –
Income from generated forward Voice Geylang
fund $ $
Grants $
General donation 2,059,253 151,575
- Non-tax deductible - - 28,540
- Tax deductible - - -
-
Income from charitable 2,059,253 151,575
activities 28,540
Training fees - -
- - -
Other income - - -
Others - - -
2,059,253 151,575 -
Total income 28,540
EXPENSES (10) -
Cost of generating funds (10) - -
Office supplies (10) - -
-
Balance carry forward

2021 The Invictus President’s Total
CREST – Care Empowering for Fund Challenge $
Giving Life Fund $
$$ $

- - 50,000 165,000 2,454,368

-----
-----
- - 50,000 165,000 2,454,368

-----
-----

-----
-----

- - 50,000 165,000 2,454,368

- - - - (10)
- - - - (10)
- - - - (10)

Page 30

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

9. General fund – Restricted – cont’d

EXPENSES (Cont’d) Total brought One Healing CREST –
Balance brought forward forward Voice Geylang
Cost of charitable $ $
activities (10) - $
Allowances for -
volunteers/ interns - -
CPF and SDL (159,081) (12,840) -
Depreciation of plant and (931)
equipment (1,900) -
Empowerment programmes - (1,500) -
Miscellaneous expenses -
Office supplies (77) (109) -
Printing and stationery (1,285) (673) -
Refreshment (292) (13)
Rehabilitation expenses (807) (3,046) -
Rental - -
Salaries and bonus - -
Staff benefits (32,586) (74,367) (5,390)
Staff training - -
Telecommunications (284) -
Transport expenses (1,056,149) (107) (181)
Uncapitalised fixed asset (944) (1,341) -
(20) -
Balance carry forward (8,032) (6,515)
(16,016) - (6,515)
(13,039) (94,579)
(94,579)
-
(1,289,916)
(1,289,926)

2021 The Invictus President’s
CREST – Care Empowering for Fund Challenge Total
Giving Life Fund $ $
$$ - $
- (10)
--

- - - - -
(126) (3,994) - (13,638) (190,610)

- - - - (1,900)
- - - - (1,500)
- - (152) -
- - (56) - (229)
- - - - (1,450)
- - - - (1,493)
- - (16,998) (9,901)
- - - - (292)
(1,357) (23,089) - (60,066) (62,531)
(46) - (231) -
- - (7,030) - -
(119) - (1,095) - (1,220,418)
- - (855) -
- - (1,949) - (1,505)
(1,648) (27,083) (28,366) (83,605) (15,169)
(1,648) (27,083) (28,366) (83,605) (18,752)
(13,914)
(1,949)
(1,531,712)
(1,531,722)

Page 31

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

9. General fund – Restricted – cont’d

EXPENSES (Cont’d) Total brought One Healing CREST –
Balance brought forward forward Voice Geylang
Governance and other $ $
administrative costs (1,289,926) (94,579) $
Consultancy fees (6,515)
CPF and SDL (100) -
Depreciation of plant and (15,847) - -
equipment (8,797) - -
Insurance (24) -
Licence fees (177) - (16)
Management fees - (10,754) -
Miscellaneous expenses - -
Office supplies (111,842) - -
Printing and stationery - - -
Publicity - - -
Rental of premises - - -
Repair and maintenance - - -
Salaries and other related - -
costs (8,560) - -
Staff benefits - - -
Staff retreat - -
Subscription (91,878) - -
Training expenses - - -
Transport expenses - (10,778) -
Uncapitalised fixed asset - (105,357) -
- (16)
Total expenses - 46,218 (6,531)
Surplus/ (Deficit) for the
financial year (165) 22,009
(237,366)
(1,527,292)

531,961

2021 The Invictus President’s
CREST – Care Empowering for Fund Challenge Total
Giving Life Fund $ $
$$ (28,366) $
(83,605) (1,531,722)
(1,648) (27,083)
(100)
- - - - (15,847)
- - - - (8,826)
- - (29) -
(16) - - - (233)
- - - - -
- - - -
- - - - (122,596)
- - (3,739) - -
- - (27) -
- - (148) - (3,739)
- - - - (27)
- - (5) - (148)
- - - -
- - - - (8,560)
- - - - (5)
- - (142) -
- - - - (91,878)
- - - - -
- - - - -
(16) - (4,090) -
(1,664) (27,083) (32,456) (83,605) (142)
-
(1,644) (27,083) 17,544 81,395 -

(165)
(252,266)
(1,783,988)

670,380

Page 32

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

9. General fund – Restricted – cont’d
Restricted funds are depicted as follows:

Care & Share COMIT CREST -
Marsiling
INCOME $ $
Income from generated $
fund 23,534 1,336,256
Grants - - 216,703
General donation - - -
- Non-tax deductible -
- Tax deductible 23,534 1,336,256
216,703
Income from charitable - -
activities - - -
Training fees - - -
- - -
Other income 23,534 1,336,256 -
Others 216,703
- -
Total income - - -
EXPENSES - - -
Cost of generating funds -
Office supplies

Balance carry forward

Community 2020 Community Community CREST – Pasir Total carry
Care Training Ris forward
Foundation of Chest Charity $ $
Singapore Support Fund $
$$

32,802 50,000 337 223,034 1,882,666
- -
- - ---
---
32,802 50,000
337 223,034 1,882,666
- -
- - ---
---
180 -
180 - - - 180
32,982 50,000 - - 180

- - 337 223,034 1,882,846
- -
- - ---
---

---

Page 33

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

9. General fund – Restricted – cont’d

Care & Share COMIT CREST -
Marsiling
EXPENSES (Cont’d) $ $
Balance brought forward - - $
Cost of charitable -
activities - (1,000)
Allowances for - (99,333) -
volunteers/ interns - (19,417)
CPF and SDL - -
Depreciation of plant and - (857) -
equipment - (30) (9,882)
Empowerment programmes - (1,191)
Miscellaneous expenses - (1,250) (118)
Office supplies - (2,296) (175)
Printing and stationery - (31,417) (582)
Refreshment - (1,350) (211)
Rehabilitation expenses - (682,189) (6,028)
Rental - (1,875)
Salaries and bonus - (11,745) -
Staff benefits - (8,899) (112,639)
Staff training - (24,646)
Telecommunications - (389)
Transport expenses - - (327)
Uncapitalised fixed asset (868,078) (1,703)
(868,078) (4,857)
Balance carry forward
-
(156,328)
(156,328)