Club Heal Audited Report_31.3.2021

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

----

- - - - (1,000)
(4,896) (4,368) - (18,265) (146,279)

- - ---
- - - - (10,739)
- - (10) (317) (475)
(20) - - (783) (2,169)
- - - (451) (2,283)
- - - (54) (2,561)
- - - (6,075) (43,520)
- - - (856) (2,206)
(28,380) (25,283) - (105,897) (954,388)
(240) - - (625) (3,129)
(539) - - (354) (12,965)
(618) - - (1,282) (12,502)
(1,578) - - (5,006) (36,087)
- - ---
(36,271) (29,651) (10) (139,965) (1,230,303)
(36,271) (29,651)
(10) (139,965) (1,230,303)

Page 34

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 - (868,078) $
Governance and other (156,328)
administrative costs - -
Consultancy fees - (14,749) -
CPF and SDL - -
Depreciation of plant and - (50) (13)
equipment - - -
Insurance - -
Licence fees - (45) (20,018)
Management fees - (153,134) -
Miscellaneous expenses - -
Office supplies - - (3)
Printing and stationery - (35) -
Publicity - (13) -
Rental of premises - -
Repair and maintenance - - -
Salaries and other related - - -
costs - - -
Staff benefits - (85,540) -
Staff retreat - (363) -
Subscription - (1,926) -
Training expenses - - (59)
Transport expenses - (480) (20,093)
Uncapitalised fixed asset (605) (176,421)
23,534 (215)
Total expenses (257,155) 40,282
Surplus/ (Deficit) for the (1,125,233)
financial year
211,023

Community 2020 Community Community CREST – Pasir Total carry
Care Training Ris forward
Foundation of Chest Charity $ $
Singapore Support Fund $
$$ (1,230,303)

(36,271) (29,651) (10) (139,965)

- - - (302) (302)
- - - - (14,749)
- -
- - - (36) (99)
- - ---
- - - - (45)
- - - (30,026) (203,178)
- - ---
- - - - (35)
- - - (13) (29)
- - - (2,050) (2,050)
- - - (856) (856)
- - ---
- -
- - - - (85,540)
- - - - (363)
- - - - (1,926)
- - ---
(12) - - - (480)
(12) - - - (605)
(36,283) (29,651) - (85) (371)
- (33,368) (310,628)
(3,301) 20,349
(10) (173,333) (1,540,931)

327 49,701 341,915

Page 35

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 1,882,666 300,000 -
Grants - - -
General donation - - -
- Non-tax deductible -
- Tax deductible 1,882,666 300,000
1,630
Income from charitable - - 1,630
activities - -
Training fees 180 - -
180 - -
Other income 1,882,846 300,000 1,630
Others
- - -
Total income - - -
EXPENSES - - -
Cost of generating funds
Office supplies

Balance carry forward

MUIS 2020 Malay/ Muslim Clients' Total carry
$ Senior Community Assistance Fund forward
Development $
Management Fund $
Association $

Scheme
$

130,000 40,950 7,920 - 2,361,536
- - - 35,754 35,754
- - - 11,400 11,400
47,154
130,000 40,950 7,920 2,408,690
-
- - - - 1,630
- - - - 1,630
- - - -
- - - 47,154 180
130,000 40,950 7,920 180
- 2,410,500
- - - -
- - - - -
- - - -
-

Page 36

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 - - -
Cost of charitable
activities (1,000) - -
Allowances for (146,279) - -
volunteers/ interns - -
CPF and SDL - - -
Depreciation of plant and (10,739) - (33)
equipment - (20)
Empowerment programmes (475) - -
Miscellaneous expenses (2,169) - (1,116)
Office supplies (2,283) - -
Printing and stationery (2,561) - -
Refreshment (43,520) - -
Rehabilitation expenses (2,206) - -
Rental (954,388) - -
Salaries and bonus (3,129) - -
Staff benefits (12,965) - -
Staff training (12,502) - -
Telecommunications (36,087) - (1,169)
Transport expenses - (1,169)
Uncapitalised fixed asset -
(1,230,303)
Balance carry forward (1,230,303)

MUIS 2020 Malay/ Muslim Clients' Total carry
$ Senior Community Assistance Fund forward
Development $
Management Fund $ -
Association $

Scheme
$

----

- - - - (1,000)
(11,502) - - - (157,781)

-----
- - - - (10,739)
- - - - (508)
- - - - (2,189)
- - - - (2,283)
- - - - (3,677)
- - - - (43,520)
- - - - (2,206)
(66,755) - - - (1,021,143)
(304) - - - (3,433)
(2,003) - - - (14,968)
(858) - - - (13,360)
(776) - - (839) (37,702)
-----
(82,198) - - (839) (1,314,509)

(82,198) - - (839) (1,314,509)

Page 37

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 (1,230,303) - (1,169)
Governance and other
administrative costs (302) - -
Consultancy fees (14,749) - -
CPF and SDL - -
Depreciation of plant and (99) - -
equipment - - -
Insurance - -
Licence fees (45) - -
Management fees (203,178) - -
Miscellaneous expenses - (2)
Office supplies - - -
Printing and stationery (35) - -
Publicity (29) - -
Rental of premises (2,050) - -
Repair and maintenance (856) - -
Salaries and other related - -
costs - - -
Staff benefits (85,540) - -
Staff retreat - -
Subscription (363) - -
Training expenses (1,926) - (2)
Transport expenses - (1,171)
Uncapitalised fixed asset -
(480) 300,000 459
Total expenses (605)
Surplus/ (Deficit) for the (371)
financial year (310,628)
(1,540,931)

341,915

MUIS 2020 Malay/ Muslim Clients' Total carry
$ Senior Community Assistance Fund forward
Development $
Management Fund $ (1,314,509)
Association $

Scheme
$

(82,198) - - (839)

- - - - (302)
- (13,240) - - (27,989)
- - -
- - - - (99)
- - - - -
(15,013) - - -
- - (7,920) - (45)
- - - - (218,191)
(10) - - -
- (14) - - (7,920)
- - - - (35)
- - - - (55)
- - - -
- (82,650) - - (2,050)
- - - - (856)
- - - - -
- - - -
- - - - (168,190)
- - - - (363)
(15,023) - (7,920) -
(97,221) (95,904) (7,920) (839) (1,926)
(95,904) -
32,779 - 46,315
(54,954) (480)
(605)
(371)
(429,477)
(1,743,986)

666,514

Page 38

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 2,361,536 147,565
- Non-tax deductible 35,754 - -
- Tax deductible 11,400 - -
-
Income from charitable 2,408,690 147,565 -
activities
Training fees 1,630 - -
1,630 - -
Other income 3,986 -
Others 180 3,986 -
180 151,551 -
Total income 2,410,500
EXPENSES - -
Cost of generating funds - - -
Office supplies - - -
-
Balance carry forward

2020 The Invictus President’s Total
CREST – Care Empowering for Fund Challenge $
Giving Life Fund $
$$ $

- - - - 2,509,101
- - - - 35,754
- - - - 11,400
- - - - 2,556,255

- - - - 1,630
- - - - 1,630
- - - - 4,166
- - - - 4,166
- - - - 2,562,051

-----
-----
-----

Page 39

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 - - $
Allowances for -
volunteers/ interns (1,000) -
CPF and SDL (157,781) (12,378) -
Depreciation of plant and -
equipment - - -
Empowerment programmes (10,739) - -
Miscellaneous expenses - -
Office supplies (508) (94) -
Printing and stationery (2,189) (1,313) -
Refreshment (2,283) (535) -
Rehabilitation expenses (3,677) (77) -
Rental (43,520) (1,519) -
Salaries and bonus (2,206) (71,721) -
Staff benefits (1,021,143) (486) -
Staff training (3,433) (150) -
Telecommunications (14,968) (1,494) -
Transport expenses (13,360) (867) -
Uncapitalised fixed asset (37,702) - -
(90,634) -
Balance carry forward - (90,634)
(1,314,509)
(1,314,509)

2020 The Invictus President’s
CREST – Care Empowering for Fund Challenge Total
Giving Life Fund $ $
$$ - $
-
-- -

- - - - (1,000)
(170,159)

-----
- - - - (10,739)
- - - - (508)
- - - - (2,283)
- - - - (3,596)
- - - - (4,212)
- - - - (43,597)
- - - - (3,725)
- - - - (1,092,864)
- - - - (3,919)
- - - - (15,118)
- - - - (14,854)
- - - - (38,569)
-----
- - - - (1,405,143)
- - - - (1,405,143)

Page 40

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 (1,314,509) (90,634) $
Consultancy fees -
CPF and SDL (302) -
Depreciation of plant and (27,989) - -
equipment - -
Insurance (99) - -
Licence fees - - -
Management fees (25,022) -
Miscellaneous expenses (45) - -
Office supplies (218,191) - -
Printing and stationery - -
Publicity (7,920) (215) -
Rental of premises (35) - -
Repair and maintenance (55) - -
Salaries and other related - -
costs (2,050) - -
Staff benefits (856) - -
Staff retreat - - -
Subscription - -
Training expenses (168,190) - -
Transport expenses (363) - -
Uncapitalised fixed asset (25,237) -
(1,926) (115,871) -
Total expenses - -
Surplus/ (Deficit) for the 35,680
financial year (480) -
(605)
(371)
(429,477)
(1,743,986)

666,514

2020 The Invictus President’s
CREST – Care Empowering for Fund Challenge Total
Giving Life Fund $ $
$$ - $
- (1,405,143)
--
(302)
---- (27,989)
----
---- (99)
---- -
----
---- (45)
---- (243,213)
----
---- (7,920)
---- (35)
---- (55)
----
---- (2,265)
---- (856)
---- -
----
---- (168,190)
---- (363)
----
---- (1,926)
---- -

---- (480)
(605)
(371)
(454,714)
(1,859,857)

702,194

Page 41

CLUB HEAL

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

9. General fund – Restricted – cont’d

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, Paris Ris Centre and Geylang
Serai 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 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.

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.

Page 42

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

9. General fund – Restricted – cont’d
The Senior Management Associate Scheme (“SMAS”) is funded by AIC for the purpose to
attract senior managers into the community care sector.
Malay/ Muslim Community Development Fund (“MMCDF”) is administered and managed
by Yayasan Mendaki where 40% are bona-fide cash donation to MMDCF and 60% to be
disbursed for Back-To-Work project.
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.
The Community Resource Engagement and Support Team (“CREST”) is funded by AIC
to serves as a community safety network for caregivers at risk of mental health stressors due to
caregiving duties. It aims to empower caregivers to better care for themselves and therefore,
better care for their care recipients. The programme commenced from 01 April 2021.
Empowering of Life fund is managed by National Council of Social Services (NCSS) for the
Back-To-Work programme.
The Invictus Fund refers to a funding from the National Council of Social Service (“NCSS”)
to support organisation in their transformation of service delivery and operations through IT
solutions and business continuity plans incorporating safe management measures to ensure
service continuity.
The President’s Challenge is managed by National Council of Social Service (“NCSS”) for
R&R @ Club Heal Programme, Healing Space for women drug addiction programme and the
renovation cost of centre @ BBE.

Page 43

CLUB HEAL

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

10. Finance lease payables

2021 2020
$ $

Minimum lease payments payables - 268
Within 1 year - -
Between 1 – 5 years - -
After 5 years -
Finance charges allocated to future periods (32)
-
Present value of minimum lease payables 236

Present value of minimum lease payables - 236
Within 1 year - -
Between 1 – 5 years - -
After 5 years
- 236
Present value of minimum lease payables

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%
(2020: 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.

The finance lease is fully repaid during the financial year.

11. Other payables

2021 2020
$ $

Accrued expenses 68,821 56,409
Other payables 18,753 54,174
Total other payables 87,574 110,583

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

Page 44

CLUB HEAL

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

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:

2021 2020
$ $

Staff salary, bonus and related costs 102,000 278,029
Staff CPF 10,110 34,787

112,110 312,816

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 (2020: 1).

13. Leases
Association as a lessee
The Association has lease contract for premises with lease terms of 12 months or less and leases
of office equipment with low value. The Association applies the ‘short-term lease’ and ‘lease of
low-value assets’ recognition exemption for these leases.

Page 45

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

14. Management of conflict of interest
There is no paid staff in the Association’s Executive Committee.
All Executive Committee members are required to disclose any interest that they may have,
whether directly or indirectly, that the Association may enter into any organisations that the
Association has dealings with or is considering dealing with; and any personal interest accruing
to him as one of the Association’s supplier, user of services or beneficiary. Should there be any
potential conflict of interest, the affected Executive Committee member may not vote on the
issue that was the subject matter of the disclosure. Detailed minutes will be taken on the
disclosure as well as the basis for arriving at the final decision in relation to the issue at stake.

15. Fair value of assets and liabilities
Assets and liabilities not measured at fair value
Cash and cash equivalents, other receivables and other payables
The carrying amounts of these balances approximate their fair values due to the short-term
nature of these balances.
Finance lease payables
The carrying amounts finance lease payables approximate their fair values as they are subject
to interest rates close to market rate of interests for similar arrangements with financial
institutions.

16. Financial risk management
The Association is exposed to financial risks arising in the normal course of business. The
Association does not hold or issue any derivative financial instruments for trading purposed or
to hedge against fluctuations in interest or foreign exchange rates.
Credit risk
Credit risk refers to the risk of loss that may arise on outstanding financial instruments should
a counterparty default on its obligations. The Association’s exposure to credit risk arises
primarily from other receivables and cash and bank balances which are the Association’s
principal classes of financial assets. For cash and short-term deposits, the Association
minimises credit risk by dealing only with high credit quality counterparties.
At the end of the financial year, the Association’s maximum exposure to credit risk is
represented by the carrying amount of each class of financial assets recognised in the statement
of financial position.
Cash and short-term deposits are laced with reputable financial institutions or companies with
high credit rating and no history of default.
The Association has no significant concentration of credit risk.

Page 46

CLUB HEAL

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

16. Financial risk management – cont’d

Liquidity risk

Liquidity risk refers to the risk that the Association will encounter difficulties in meeting its
short-term obligations due to shortage of funds. The Association manages its liquidity risk by
maintaining sufficient level of cash and cash balances.

Analysis of financial instruments by remaining contractual maturities

The table below summarises the maturity profile of the Association’s financial assets and
liabilities at the reporting date based on contractual undiscounted repayment obligations.

2021
Carrying Contractual One year or Two to five
amount cash flows less years
$$ $
$

Financial assets 860,555 860,555 860,555 -
Other receivables 2,155,560 2,155,560 2,155,560 -
Cash and short-term deposits 3,016,115 3,016,115 3,016,115 -
Total undiscounted financial
assets

Financial liabilities 87,574 87,574 87,574 -
Other payables 87,574 87,574 87,574 -
Total undiscounted financial
liabilities

Total net undiscounted financial 2,928,541 2,928,541 2,928,541 -
assets

2020

Carrying Contractual One year or Two to five
amount cash flows less years
$
$ $$

Financial assets 906,413 906,413 906,413 -
872,196 872,196 872,196 -
Other receivables
Cash and short-term deposits 1,778,609 1,778,609 1,778,609 -
Total undiscounted financial
assets

Financial liabilities 110,583 110,583 110,583 -
Other payables 236 268 268 -
Finance lease payables 32 32 32 -

Estimated interest payables 110,851 110,883 110,883 -
Total undiscounted financial
liabilities

Total net undiscounted financial 1,667,758 1,667,726 1,667,726 -
assets

Page 47

CLUB HEAL

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

16. Financial risk management – cont’d
Market risk
Market risk is the risk that changes in market prices, such as interest rates and foreign exchange
rates will affect the Association’s income. The objective of market risk management is to
manage and control market risk exposures within acceptable parameters, while optimising the
return on risk.
(i) Interest rate risk
Interest rate risk is the risk that the fair value or future cash flows of the Association’s
financial instruments will fluctuate because of changes in market interest rates. The
Association’s exposure to interest rate risk arises primarily from their cash and cash
equivalents and finance lease.
The Association does not expect any significant effect on the Association’s financial
activities arising from the effects of reasonably possible changes to interest rates on interest
bearing financial instruments at the end of the financial year.
(ii) Foreign currency risk
Foreign currency risk is the risk that the value of a financial instrument will fluctuate due to
changes in foreign exchange rates.
The Association has no significant exposure to market risk for changes in foreign exchange.

17. Reserve policy
The Association’s reserve measurement is calculated as follow:

2021 2020
$ $
288,010
(a) Unrestricted funds 646,101
(b) Restricted funds 2,856,766 2,141,499
2,429,509
Total funds 3,502,867
1,063,689
(a2) Annual expenditure under unrestricted 966,805
funds 1,859,857
1,783,988 2,923,546
(b2) Annual expenditure under restricted 2,750,793
funds 0.27

Total annual expenditure 1.15

Ratio of unrestricted funds to annual 0.67
expenditure (a/a2)

Ratio of restricted funds to annual 1.60
expenditure (b/b2)

The Association do not have any externally imposed fund requirements.

Page 48

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021
18. Whistleblowing policy

Club Heal has in place a whistleblowing policy to address concerns about actual or possible
wrong-doing or improprieties relating to fraud, controls, ethics, and any other matters within
the Society without fear of reprisals in any form. For more information on Club Heal’s
whistleblowing policy and its reporting and handling process, you may refer to our website
www.clubheal.org.sg/about-us/whistleblowing-policy/.
19. Authorisation of financial statements for issue
The financial statements for the financial year ended 31 March 2021 were authorised for issue
in accordance with a resolution of the Executive Committee of the Association on the date of
the Statement by Executive Committee.

Page 49