FY 2019/2020

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 2020

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
Yasmin Lum Sok Mun Member
Amarjit Kaur Member
Bibi Jan Binte Mohamed Ayyub Member
Deena Binte Abdul Aziz Bajrai Member
Eunice Elizabeth Olsen Member
John Ho Horn Yuen Member
Nur Izzati Bte Zainudin Member
Siti Aishah Bte Jaffar Member
Siti Hawa Bte Sulaiman 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 2020

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 2020, 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 2020 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 2020

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 2020

General 2020 Total General 2019 Total
Fund Un- General $ Fund Un- $
restricted restricted General
Fund Fund 2,172,522
$ Restricted $ 124,701
(Note 9) Restricted 286,818
(Note 9)
$ 2,584,041
$
1,675
INCOME 3,000 2,509,101 2,512,101 5,000 2,167,522 10

Income from generated 328,835 35,754 364,589 122,691 2,010 3,397
funds 7,465
Grants 436,596 11,400 447,996 286,818 - 1,420
Donation – Non-tax 768,431 2,556,255 3,324,686 414,509 2,169,532 13,967
deductible
Donation – Tax 1,190 - 1,190 1,675 - 1,056
deductible 10 - 10 10 - 7,540
- - 2,337
Income from 7,455 - 7,455 3,397 - 58,154
charitable activities 6,255 1,630 6,255 7,465 1,420 69,087
Entrance fee 3,536 5,166 2,667,095
Membership fees 1,630 - 1,420
Sale of books 18,446 20,076
Thrift shops 12,547
Training fees
- - - 1,056 -
Other income
Disposal of property 43,279 - 43,279 7,540 -
and equipment 68,762 4,166 72,928 2,337 -
Wages credit scheme/ 324,784 324,784 58,154 -
SEC 436,825 - 440,991 69,087 -
Others 4,166
Management fees income 1,223,702 3,785,753 496,143 2,170,952
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 2020

General 2020 Total General 2019 Total
Fund Un- General $ Fund Un- $
restricted restricted General
Fund Fund
$ Restricted $
(Note 9) Restricted
(Note 9)
$
$

EXPENSES (217) - (217) (347) - (347)
(490) - (490) (314) - (314)
Cost of generating (2,932) - (2,932) (158) (211) (369)
funds (12,706) - (12,706) (3,544) -
Bank charges -- (3,600) - (3,544)
Office supplies - - (721) (529) (22) (3,600)
Printing and stationery (721)
Programme - (664) (1,164) - (551)
Rental (664) - (17,730) (9,656) (233) (1,164)
Refreshment (17,730)
Transport expenses (9,889)

Cost of charitable (3,552) (1,000) (4,552) (2,860) (2,527) (5,387)
activities (31,443) (170,159) (201,602) (48,503) (155,984) (204,487)
Allowances for
volunteers/ interns (2,037) - (2,037) (1,640) - (1,640)
CPF and SDL
Depreciation of plant and (10,260) (10,739) (20,999) (12,998) - (12,998)
equipment (2,064) (508) (2,572) (1,597) (242) (1,839)
Empowerment (2,408) (4,691) (2,234) (1,467) (3,701)
programmes (9,880) (2,283) (13,476) (5,096) (1,357) (6,453)
Miscellaneous expenses (5,437) (3,596) (9,649) (2,755) (2,683) (5,438)
Office supplies (64,441) (4,212) (108,038) (34,479) (43,248) (77,727)
Printing and stationery (43,597) (4,428) (1,819) (1,919)
Refreshment (703) (3,725) (1,277,501) (100) (1,004,135) (1,278,741)
Rehabilitation expenses (184,637) (1,092,864) (4,697) (274,606) (1,494) (1,798)
Rental (3,919) (27,578) (30,662) (31,037)
Salaries and bonus (778) (15,118) (16,638) (304) (11,900) (13,142)
Staff benefits (12,460) (14,854) (41,757) (375) (30,666) (33,067)
Staff training (1,784) (38,569) (5,437) (1,242)
Telecommunications (3,188) (1,745,652) (2,401) - -
Transport expenses (5,437) - (1,288,184) (1,679,374)
Uncapitalised fixed asset (340,509) (1,405,143) -
(391,190)
Balance carry
forward (358,239) (1,405,143) (1,763,382) (400,846) (1,288,417) (1,689,263)

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 2020

General 2020 Total General 2019 Total
Fund Un- General $ Fund Un-
restricted restricted General $
Fund Fund
$ Restricted $ (1,689,263)
(Note 9) Restricted
(Note 9) -
$ (7,621)
$
(382)
EXPENSES (Cont’d) (358,239) (1,405,143) (1,763,382) (400,846) (1,288,417) (191)
(8,990)
Balance brought forward (173) - (173) - - (27,056)

Governance and other (19,650) - (19,650) (7,621) - (75,341)
administrative costs (94)
Gain/loss on disposal (570) - (570) (382) -
Audit fees (3,871)
Bank charges (191) - (191) (191) - (58,154)
Hire purchase interest (23,221) (302) (23,523) (7,920) (1,070)
Consultancy fees (51,401) (27,989) (79,390) (14,081) (12,975) -
CPF and SDL (739)
Depreciation of plant and (119,592) (99) (119,691) (75,341) - (405)
equipment
Insurance (2,271) - (2,271) (94) - -
Licence fees (493)
Management fees 300 (45) 255 (3,871) - (1,605)
Miscellaneous expenses (19)
Office supplies (81,571) (243,213) (324,784) (11,929) (46,225) (4,322)
Printing and stationery
Publicity (3,349) (7,920) (11,269) - - (189,039)
Refreshments (3,511)
Rental of equipment (1,369) (35) (1,404) (558) (181) (9,990)
Rental of premises (7,322)
Repair and maintenance (927) (55) (982) (205) (200) (362)
Salaries and other related (2,130) (2,265) (4,395) - - (1,489)
costs (71)
Staff benefits (2,441) - (2,441) (493) - -
Staff retreat (4,075) - (4,075) (1,605) - -
Subscriptions
Sundry expenses - (856) (856) (19) - (401,067)
Training expenses (10,119) - (10,119) (3,121) (1,201)
Transport expenses (2,090,330)
Utilities (349,449) (168,190) (517,639) (94,542) (94,497)
Uncapitalised fixed asset (1,796) (363) (2,159) (1,459) (2,052) 576,765
- (1,926) (9,990)
Total expenses (5,218) (1,926) (5,218) (7,277) -
(272) - (272) (45)
(9,397) - (9,877) (162) (200)
(4,280) (4,885) (1,489)
(4,264) (480) (4,264) -
(8,024) (605) (8,395) (71) -
- -
(705,450) - (1,160,164) - -
(371) (158,646)
(1,063,689) (454,714) (2,923,546) (242,421)
(1,447,063)
(1,859,857) (643,267)

Surplus/ (deficit) for the 160,013 702,194 862,207 (147,124) 723,889
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 2020

Note 2020 2019
$ $
6
ASSETS 7 761,719 367,576
Non-current assets 8 761,719 367,576
Plant and equipment
9 906,413 821,400
Current assets 10 872,196 625,853
Other receivables 11 1,778,609 1,447,253
Cash and short-term deposits 10
2,540,328 1,814,829
Total assets
288,010 127,997
FUNDS AND LIABILITIES 2,141,499 1,439,305
Funds 2,429,509 1,567,302
General fund - unrestricted
General fund - restricted - 236
- 236
Non-current liabilities
Finance lease payables 110,583 245,877
236 1,414
Current liabilities
Other payables 110,819 247,291
Finance lease payables
110,819 247,527
Total liabilities
Total equity and liabilities 2,540,328 1,814,829

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 2020

General Mindset Care & COMIT CREST - Community Community Community Total
(Designated Share Marsiling Foundation Chest Care carry
donation) $ Singapore Charity forward
$ 25,147 $ Training
Balance as at 01 April 2018 $ $ (5,354) 290,336 5,979 $ Support $ $
Surplus/ (deficit) for the year 835,049 (39,952) 180,044 287,090 21,411 Fund - 842,280
Gross transfer between funds (147,124) 65,734 602,573 $ 362,671
Balance as at 31 March 2019 (559,928) - 240,424 602,573 - (33,744)
Balance as at 01 April 2019 127,997 - 240,424 211,023 1,171,207
Surplus/ (deficit) for the year 127,997 (39,952) 23,534 813,596 52,269 (27,842) 19,051 (4,063) 1,171,207
Balance as at 31 March 2020 160,013 (39,952) 263,958 452,227
288,010 - 173,360 -- - 1,623,434
(39,952)
231,608 (6,431) 19,051 (4,063)

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

40,282 (3,301) 20,349 327

271,890 (9,732) 39,400 (3,736)

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

Page 9

CLUB HEAL

STATEMENT OF CHANGES IN FUNDS (Continued)
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

Total CREST – Community Healing MUIS Senior Temasek Clients' Our Total
brought Pasir Ris Silver Trust Friends Management Cares Healing
forward $ Association Assistance Voice $
$ 53,189 Fund 990,537
842,280 94,322 scheme $ 576,765
Balance as at 01 April 2018 362,671 $ $ $ $ $ -
Surplus/ (deficit) for the year (33,744) - - (902) - 746 - -
Gross transfer between fund 1,171,207 - 41,197 1,567,302
Balance as at 31 March 2019 1,171,207 17,448 185,450 (30,389) - - 1,290 1,567,302
Balance as at 01 April 2019 452,227 25,000 - 93,420 -
Surplus/ (deficit) for the year 1,623,434 42,448 93,420 - - (746) 9,490 862,207
Balance as at 31 March 2020 42,448 185,450 41,197 2,429,509
49,701 185,450 459 22,800 - - 10,780
92,149 300,000 93,879 41,197
485,450 22,800 - - 10,780
35,680
32,779 (54,954) - 46,315
76,877
55,579 (54,954) - 57,095

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

Page 10

CLUB HEAL

STATEMENT OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

Note 2020 2019
$ $
Cash flows from operating activities 6
Surplus before tax 6 862,207 576,765
Adjustment for: 8
Depreciation of plant and equipment 121,728 76,981
Loss/ (Gain) on disposal of plant and
equipment 212 (882)
984,147 652,864
Change in working capital:
Other receivables (85,013) (255,537)
Other payables (135,294) 175,807
Cash generated from operations 573,134
Income tax paid 763,840 -
Net cash generated from operating -
activities 573,134
763,840
Cash flows from investing activities (249,046)
Acquisition of plant and equipment (516,083)
Proceeds from disposal of plant and 1,300
equipment - (247,746)
Net cash (used in) investing activities (516,083)
(1,414)
Cash flows from financing activities (1,414) (1,414)
Repayment of finance lease (1,414)
Net cash (used in) financing activities 323,974
246,343 301,879
Net increase in cash and cash 625,853
equivalents 625,853
Cash and cash equivalent at 01 April 872,196
Cash and cash equivalents at
31 March

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 2020

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 31October 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 12

CLUB HEAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

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 2020

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 2020

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 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 2020

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 2020

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
Theses accounting policies are applied on and after the initial application date of FRS116,
01 January 2019:
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.

Page 17

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

2. Summary of significant accounting policies – cont’d

2.11 Leases – cont’d

Theses accounting policies are applied before the initial application date of FRS116, 01
January 2019:

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.

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.

Page 18

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

2. Summary of significant accounting policies – cont’d

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.

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 2020

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 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.

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. 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 $447,996 (2019: $286,818)

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 20

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

6. Plant and equipment Centre Furniture and Office equipment Computers Other equipment Total
improvement office equipment $ $
Cost $$ 356,507
At 01 April 2018 $ $ 249,046
Additions (6,616)
Disposal/ Written-off 250,032 10,377 10,712 77,185 8,201 598,937
At 31 March 2019 227,005 3,644 418 17,979 - 598,937
At 01 April 2019 (1,223) - (5,393) - 516,083
Additions - 12,798 89,771 (953)
Disposal/ Written-off 477,037 11,130 8,201 1,114,067
At 31 March 2020
Accumulated depreciation 477,037 12,798 11,130 89,771 8,201 160,578
At 01 April 2018 435,697 29,224 6,430 25,796 18,936 76,981
Depreciation (600) (6,198)
Disposal/ Written-off - (353) 16,960 - - 231,361
At 31 March 2019 912,734 41,669 115,567 27,137 231,361
At 01 April 2019 121,728
Depreciation 111,036 3,713 6,223 35,495 4,111
Disposal/ Written-off 47,115 2,746 2,031 23,449 1,640 (741)
At 31 March 2020 (1,223) (4,975) 352,348
Carrying amount - 5,236 - 53,969 -
At 31 March 2019 158,151 5,236 8,254 53,969 5,751 367,576
At 31 March 2020 158,151 4,634 8,254 21,027 5,751 761,719
91,458 (141) 2,555 2,054
9,729 (600) -
- 10,209 74,996 -
249,609 7,805

318,886 7,562 2,876 35,802 2,450
663,125 31,940 6,751 40,571 19,332

As at date of statement of financial position, the carrying amount of equipment held under finance lease was $Nil (2019: $1,414) (Note 10).

Page 21

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

7. Other receivables

2020 2019
$ $

Refundable deposits 16,478 7,096
Grant receivables 884,253 812,845
Other receivables
Prepayment 2,801 1,132
2,881 327
Total other receivables
906,413 821,400

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

8. Cash and short-term deposits 2020 2019
$ $
Cash at banks
Cash on hand 871,882 624,303
314 1,550

872,196 625,853

Page 22

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted

Restricted funds are depicted as follows:

Mindset Care & COMIT CREST - 2020 Community Community CREST – Total carry
(Designated share $ Marsiling Community Chest Care Pasir Ris forward
donation) foundation Charity
INCOME $ $ of Singapore Training $$
Income from $ Support $
generated fund $ Fund
Grants $
General donation
- Non-tax deductible - 23,534 1,336,256 216,703 32,802 50,000 337 223,034 1,882,666
- Tax deductible - - - - - -
Income from --- - - - - - -
charitable activities ---
Training fees - 23,534 1,336,256 216,703 32,802 50,000 337 223,034 1,882,666
Other income
Others --- - - - - - -
Total income --- - - - - - -

--- - 180 - - - 180
--- - 180 - - - 180
216,703 32,982 50,000 337 223,034 1,882,846
- 23,534 1,336,256

Page 23

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted – cont’d

Mindset Care & COMIT CREST - 2020 Community Community CREST – Total carry
(Designated share Marsiling Community Chest Care Pasir Ris forward
donation) foundation Charity
$ of Singapore Training
$$$ Support $ $$
$ Fund
- - (1,000) $
- - (99,333)
EXPENSES - - (857) - - - - - (1,000)
Cost of charitable - - (30) (19,417) (4,896) (4,368) - (18,265) (146,279)
activities - - (1,191) (9,882) - (10,739)
Allowances for - - (1,250) - - (10) -
volunteers/ interns - - (2,296) (118) - - - (317) (475)
CPF and SDL - - (31,417) (175) (20) - - (783) (2,169)
Empowerment - - (1,350) (582) - - - (451) (2,283)
programmes - - (682,189) (211) - - - (54) (2,561)
Miscellaneous expenses - - (1,875) (6,028) - - - (6,075) (43,520)
Office supplies - - (11,745) - - - (856) (2,206)
Printing and stationery - - (8,899) - (28,380) (25,283) - (105,897) (954,388)
Refreshment - - (24,646) (112,639) (240) - - (625) (3,129)
Rehabilitation expenses - - (868,078) (539) - - (354) (12,965)
Rental - - (868,078) (389) (618) - - (1,282) (12,502)
Salaries and bonus (327) (1,578) - (10) (5,006) (36,087)
Staff benefits (1,703) (36,271) (29,651) (10) (139,965) (1,230,303)
Staff training (4,857) (36,271) (29,651) (139,965) (1,230,303)
Telecommunications (156,328)
Transport expenses (156,328)

Balance carry forward

Page 24

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted – cont’d

Mindset Care & COMIT CREST - 2020 Community Community CREST – Total carry
(Designated share Marsiling Community Chest Care Pasir Ris forward
donation) foundation Charity
$ of Singapore Training
EXPENSES (Cont’d) $ $ $ Support $ $ $
Balance brought forward - - (868,078) $ Fund (139,965) (1,230,303)
Governance and other $
administrative costs -
Consultancy fees - (156,328) (36,271) (29,651) (10)
CPF and SDL -
Depreciation of plant and - - - - - - - (302) (302)
equipment - - (14,749) - - - - - (14,749)
Licence fees - - (13) - - -
Management fees - - (50) - - - - (36) (99)
Miscellaneous expenses - - (45) (20,018) - - - - (45)
Office supplies - - (153,134) - - - - (203,178)
Printing and stationery - - - - - - (30,026)
Publicity - - - (3) - - - - -
Rental of premises - - (35) - - - - - (35)
Salaries and other - - (13) - - - - (29)
related costs - - - - - - (13) (2,050)
Staff benefits - - - - - - - (2,050) (856)
Staff retreat - - - - - - - (85,540)
Training expenses - - (85,540) - - - - (856) (363)
Transport expenses - - (363) - - - - - (1,926)
Uncapitalised fixed asset - - (1,926) (59) (12) - - - (480)
- (480) (20,093) (12) - - - (605)
Total expenses - (605) (176,421) (36,283) (29,651) (10) - (371)
Surplus/ (Deficit) for the (215) - (310,628)
financial year 23,534 (257,155) 40,282 (3,301) 20,349 327 (1,540,931)
(1,125,233) (85)
(33,368) 341,915
211,023 (173,333)

49,701

Page 25

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted – cont’d

Total Community Healing MUIS 2020 Malay/ Clients' Our Healing Total
brought Silver Trust Friends $ Senior Muslim Assistance Voice
forward Management Community $ $
Association Development Fund
INCOME $$$ scheme Fund $ 2,509,101
Income from 35,754
generated fund $ $ 11,400
Grants
General donation 1,882,666 300,000 - 130,000 40,950 7,920 - 147,565 2,556,255
- Non-tax deductible - - - -
- Tax deductible - - - - - - 35,754 - 1,630
Income from - - - 11,400 - 1,630
charitable activities 1,882,666 300,000 130,000 40,950 7,920 47,154 147,565 4,166
Training fees 1,630 4,166
Other income - - 1,630 - - - - - 2,562,051
Others - - - - - - -
Total income -
180 - - - - - - 3,986
180 - 1,630 - - - - 3,986
1,882,846 300,000 130,000 40,950 7,920 47,154 151,551

Page 26

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted – cont’d

Total Community Healing MUIS 2020 Malay/ Clients' Our Healing Total
brought Silver Trust Friends $ Senior Muslim Assistance Voice $
forward Management Community $
Association Development Fund
EXPENSES $ $ $ scheme Fund $

Cost of charitable (1,000) - - $ $
activities (146,279) - -
Allowances for (10,739) - - - - - - - (1,000)
volunteers/ interns - (33)
CPF and SDL (475) - (20) (11,502) - - - (12,378) (170,159)
Empowerment (2,169) - -
programmes (2,283) - (1,116) - - - - - (10,739)
Miscellaneous expenses (2,561) - -
Office supplies (43,520) - - - - - - - (508)
Printing and stationery (2,206) - - - - - - (94) (2,283)
Refreshment (954,388) - - - - - - (1,313) (3,596)
Rehabilitation expenses (3,129) - - - - - - (535) (4,212)
Rental (12,965) - - - - - - (77) (43,597)
Salaries and bonus (12,502) - - - - - - (1,519) (3,725)
Staff benefits (36,087) - (1,169) (66,755) - - - (71,721) (1,092,864)
Staff training (1,230,303) - (1,169) (304) - - - (486) (3,919)
Telecommunications (1,230,303) (2,003) - - - (150) (15,118)
Transport expenses (858) - - - (1,494) (14,854)
(776) - - (839) (867) (38,569)
Balance carry forward
(82,198) - - (839) (90,634) (1,405,143)

(82,198) - - (839) (90,634) (1,405,143)

Page 27

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted – cont’d

Total Community Healing MUIS 2020 Malay/ Clients' Our Healing Total
brought Silver Trust Friends $ Senior Muslim Assistance Voice
forward Management Community $ $
Association Development Fund (1,405,143)
EXPENSES (Cont’d) $ $ $ scheme Fund $
Balance bought forward
Governance and other (1,230,303) - (1,169) $ $
administrative costs
Consultancy fees (302) - - (82,198) - - (839) (90,634)
CPF and SDL (14,749) - -
Depreciation of plant and - - - - - - - (302)
equipment (99) - - - (13,240) - - - (27,989)
Licence fees (45) - - - - - -
Management fees (203,178) - - - - - - - (99)
Miscellaneous expenses - - (15,013) - - - (25,022) (45)
Office supplies - - (2) - - (7,920) - - (243,213)
Printing and stationery (35) - - - - - - - (7,920)
Publicity (29) - - (10) - - - - (35)
Rental of premises (2,050) - - - (14) - - (215) (55)
Salaries and other (856) - - - - - - - (2,265)
related costs (85,540) - - - (856)
Staff benefits (363) - - - - - -
Staff retreat (1,926) - - - (82,650) - - - (168,190)
Training expenses (480) - - - - - - - (363)
Transport expenses (605) - (2) - - - - -
Uncapitalised fixed asset (371) - (1,171) - - - - - (1,926)
(310,628) - - - - - (480)
Total expenses (1,540,931) 300,000 459 (15,023) - (7,920) - (25,237) (605)
Surplus/ (Deficit) for the (97,221) (7,920) (839) (115,871) (371)
financial year 341,915 (95,904)
32,779 (95,904) - 46,315 35,680 (454,714)
(1,859,857)
(54,954)
702,194

Page 28

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted

Restricted funds are depicted as follows: 2019
Community
Mindset Care & COMIT CREST - foundation Community Community CREST – Total carry
(Designated share Marsiling of Singapore Chest Care Pasir Ris forward
donation) Charity
$ $ Training
INCOME $$$ Support $ $$
Income from Fund
generated fund $
Grants
General donation - 184,701 1,297,533 216,537 10,934 50,000 - 32,573 1,792,278
- Non-tax deductible - - - - - -
--- -
Income from - 184,701 1,297,533 216,537 10,934 50,000 32,573 1,792,278
charitable activities -
Training fees --- - - - - - -
--- - - - - - -
Total income 216,537 10,934 50,000
- 184,701 1,297,533 32,573 1,792,278

Page 29

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted – cont’d

Mindset Care & COMIT CREST - 2019 Community Community CREST – Total carry
(Designated share Marsiling Community Chest Care Pasir Ris forward
donation) foundation Charity
$ of Singapore Training
$$$ Support $ $$
$ Fund
$

EXPENSES - - (26) (185) - - - - (211)
Cost of generating - - (22) ---- - (22)
funds - - (48) - (233)
Printing and stationery (185) - - -
Refreshment
- - (2,200) - - - - - (2,200)
Cost of charitable - - (104,367) (21,107) (4,174) (4,555) - (1,690) (135,893)
activities --- -
Allowances for - - (815) (155) - - - (15) (170)
volunteers/ interns - - (484) (242) (37) - - (131) (1,225)
CPF and SDL - - (422) (52) - - (45)
Miscellaneous expenses - - (35,480) (12) - - - (581)
Office supplies - - (11) (5,567) - - - - (434)
Printing and stationery - - (684,834) - - - (966) (42,013)
Refreshment - - (896) - - (26,394) - (11)
Rehabilitation expenses - (4,657) (19,204) (122,490) (31,735) - (4,063) - (875,239)
Rental - (8,557) (77) - - (9,786) (1,349)
Salaries and bonus - (21,829) (376) (1,039) - - (29,614)
Staff benefits - (4,657) (879,099) (651) (382) - (4,063) - (11,175)
Staff training (2,160) (1,215) (30,949) (4,063) - (28,621)
Telecommunications - (4,657) (879,147) (5,325) (38,659) (30,949) (76) (1,128,525)
Transport expenses (158,137) (38,659) (252) (1,128,758)
(158,322) (12,961)
Balance carry forward (12,961)

Page 30

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted – cont’d

Mindset Care & COMIT CREST - 2019 Community Community CREST – Total carry
(Designated share Marsiling Community Chest Care Pasir Ris forward
donation) foundation Charity
$ of Singapore Training
$ $ $ Support $ $$
- (4,657) (879,147) $ Fund
$ (12,961) (1,128,758)
-
EXPENSES (Cont’d) - (158,322) (38,659) (30,949) (4,063)
Balance brought forward -
Governance and other - - - - - - - (1,070) (1,070)
administrative costs - - (12,975) - - - - - (12,975)
Consultancy fees - - (31,970) (5,726) - - - (38,590)
CPF and SDL - - (18) - - - (894)
Management fees - - (132) - - - - - (150)
Office supplies - - (200) - - - - - (200)
Printing and stationery - - (413) - - - - - (413)
Repair and maintenance - - (80,847) (202) (117) - - - (80,847)
Salaries and other - - (1,468) - - - - - (1,787)
related costs - - (45) - - - - - (45)
Staff benefits - (5,946) (117) - - (200)
Subscriptions (4,657) - (164,268) (38,776) (30,949) (4,063) (200) (136,277)
Sundry expenses (128,050) (2,164) (1,265,035)
(1,007,197) 52,269 (27,842) 19,051 (4,063) (15,125)
Total expenses
Surplus/ (Deficit) for the 180,044 290,336 17,448 527,243
financial year

Page 31

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted – cont’d

Total Community Healing MUIS 2019 Temasek Clients' Our Healing Total
brought Silver Trust Friends $ Senior Cares Assistance Voice
forward Management $ $ $
$ $ Association Fund
$ scheme $ 2,167,522
2,010
$
2,169,532
INCOME 1,792,278 185,450 - 32,500 13,650 - - 143,644
Income from - 32,500 13,650 1,420
generated fund - - - - 2,010 - 1,420
Grants 1,792,278 185,450 - - 2,170,952
General donation 1,420 - - - 2,010 143,644
- Non-tax deductible 1,420 32,500 13,650
- - 1,420 ---
Income from - - ---
charitable activities 1,792,278 185,450
Training fees - 2,010 143,644

Total income

Page 32

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted – cont’d

Total Community Healing MUIS 2019 Temasek Clients' Our Healing Total
brought Silver Trust Friends $ Senior Cares Assistance Voice $
forward Management $ $
$ $ Association Fund
$ scheme $

$

EXPENSES (211) -- - - - - - (211)
Cost of generating (22) -- - - - - - (22)
funds (233) -- - - - - - (233)
Printing and stationery
Refreshment (2,200) - (327) - - - - - (2,527)
(135,893) -- (6,793)
Cost of charitable -- - - - (13,298) (155,984)
activities (170) - (104) - - - - (72) (242)
Allowances for (1,225) - (132) (12) - - - (126) (1,467)
volunteers/ interns - (1,632) - - - (644) (1,357)
CPF and SDL (581) -- - - - - (617) (2,683)
Miscellaneous expenses (434) -- - - - - (1,235) (43,248)
Office supplies (42,013) -- - - - - (1,808) (1,819)
Printing and stationery (11) -- - - - - (77,115) (1,004,135)
Refreshment (875,239) -- (51,781) - - - (145) (1,494)
Rehabilitation expenses (1,349) - (127) - - - - (668) (30,662)
Rental (29,614) -- (380) - - - - (11,900)
Salaries and bonus (11,175) - (2,322) (598) - - (720) (863) (30,666)
Staff benefits (28,621) - (2,322) (462) - - (720) (96,591) (1,288,184)
Staff training (1,128,525) (60,026)
Telecommunications (1,128,758) (60,026) - - (720) (96,591) (1,288,417)
Transport expenses

Balance carry forward

Page 33

CLUB HEAL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

9. General fund – restricted – cont’d

Total Community Healing MUIS 2019 Temasek Clients' Our Healing Total
brought Silver Trust Friends $ Senior Cares Assistance Voice $
forward Management $ $
$ $ Association Fund
$ scheme $

$

EXPENSES (Cont’d) (1,128,758) - (2,322) (60,026) - - (720) (96,591) (1,288,417)
Balance bought forward
Governance and other (1,070) - - - - - - - (1,070)
administrative costs (12,975) - - - - - - - (12,975)
Consultancy fees (38,590) - - (2,863) - - - (4,772) (46,225)
CPF and SDL - - - - - - (31) (181)
Management fees (150) - - - - - - - (200)
Office supplies (200) - - - - - - (788) (1,201)
Printing and stationery (413) - - - (13,650)
Repair and maintenance (80,847) - - - - - - - (94,497)
Salaries and other (1,787) - - - - - - (265) (2,052)
related costs (45) - - - - - - - (45)
Staff benefits (200) - - (2,863) (13,650) - - - (200)
Subscriptions (136,277) - (2,322) (62,889) (13,650) - - (5,856) (158,646)
Sundry expenses (1,265,035)
185,450 (902) (30,389) - - (720) (102,447) (1,447,063)
Total expenses 527,243
Surplus/ (Deficit) for the - 1,290 41,197 723,889
financial year

Page 34

CLUB HEAL

DETAILED STATEMENT OF PROFIT OR LOSS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

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.

Page 35

CLUB HEAL
DETAILED STATEMENT OF PROFIT OR LOSS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

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.
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.

Page 36

CLUB HEAL

DETAILED STATEMENT OF PROFIT OR LOSS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

10. Finance lease payables

2020 2019
$ $

Minimum lease payments payables 268 1,605
Within 1 year - 268
Between 1 – 5 years - -
After 5 years
Finance charges allocated to future periods (32) (223)

Present value of minimum lease payables 236 1,650

Present value of minimum lease payables 236 1,414
Within 1 year - 236
Between 1 – 5 years - -
After 5 years
236 1,650
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%
(2019: 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

2020 2019
$ $

Accrued expenses 56,409 233,194
Other payables 54,174 12,683
Total other payables 110,583 245,877

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

Page 37

CLUB HEAL

DETAILED STATEMENT OF PROFIT OR LOSS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

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:

2020 2019
$ $

Staff salary, bonus and related costs 278,029 166,094
Staff CPF 34,787 25,494

312,816 191,588

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 1 (2019: Nil).

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 38

CLUB HEAL

DETAILED STATEMENT OF PROFIT OR LOSS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

14. Operating lease commitments
The Association leases equipment under non-cancellable operating lease agreements.
The future minimum rental for equipment under non-cancellable operating leases contracted at
the reporting date but not recognised as liabilities, are as follows:

2019
$

Not later than one year 1,500
Later than one year but not later than five
years 3,875
5,375

Minimum lease payments recognised as an expense in the statement of financial activities for
the financial year ended 31 March 2020 amounted to $4,075 (2019: $1,605).

As disclosed in Note 2.11, the Association has adopted FRS116 on 01 January 2019. These
lease payments have been recognised as right-of-use assets and lease liabilities on the statement
of financial position as at 31 March 2020, except for short-term and low-value leases.

15. 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.

16. 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.

Page 39

CLUB HEAL

DETAILED STATEMENT OF PROFIT OR LOSS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

17. 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.
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.

2020
Carrying Contractual One year or Two to five
amount cash flows less years
$$ $
$

Financial assets 906,413 906,413 906,413 -
Other receivables 872,196 872,196 872,196 -
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 -
Total undiscounted financial 110,851 110,883 110,883
liabilities

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

Page 40

CLUB HEAL

DETAILED STATEMENT OF PROFIT OR LOSS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

17. Financial risk management – cont’d
Liquidity risk – cont’d

2019

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

Financial assets 821,400 821,400 821,400 -
Other receivables 625,853 625,853 625,853 -

Cash and short-term deposits 1,447,253 1,447,253 1,447,253 -
Total undiscounted financial
assets

Financial liabilities 245,877 245,877 245,877 -
Other payables 1,650 1,873 1,605 268
Finance lease payables 223 223 191 32
Estimated interest payables
Total undiscounted financial 247,750 247,973 247,673 300
liabilities
1,199,503 1,199,280 1,199,580 (300)
Total net undiscounted financial
assets

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.

Page 41

CLUB HEAL

DETAILED STATEMENT OF PROFIT OR LOSS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

17. Financial risk management – cont’d
Market risk – cont’d

(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.

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

2020 2019
$ $
127,997
(a) Unrestricted funds 288,010
(b) Restricted funds 2,141,499 1,439,305
Total funds 2,429,509 1,567,302

(a2) Annual expenditure under unrestricted 1,063,689 643,267
funds 1,447,063
1,859,857 2,090,330
(b2) Annual expenditure under restricted 2,923,546
funds 0.20%

Total annual expenditure 0.99%

Ratio of unrestricted funds to annual 0.27%
expenditure (a/a2)

Ratio of restricted funds to annual 1.15%
expenditure (b/b2)

The Association do not have any externally imposed fund requirements.

19. Authorisation of financial statements for issue

The financial statements for the financial year ended 31 March 2020 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 42