Who We Are
Financials

Financial Management and Internal Controls

The Lodge maintains a system of internal controls that is reviewed annually. Written policies and control procedures are in place for revenue and receipts, procurement and payments, financial management, payroll, fixed assets and inventories.

These written policies and control procedures are reviewed and updated by the Treasurer, CEO and Finance & Compliance department on a periodic basis. These updates or changes to the policies and control procedures are then subject to the further review by the Audit-sub committee and approved by the Board. Periodically, the Head of Finance & Compliance is responsible for carrying out test checks of the controls in operation to ensure proper compliance.

The Lodge maintains a system of approvals for purchases whereby different requirements for approval, review and waiver are in place depending on the payment amount. This includes, but is not limited to, the need to source for multiple quotations (minimum 3) for non-recurring purchases above $2,000 per single item and obtain approval by CEO; as well as the need to prepare an ‘Invitation to Tender’, a ‘List of Vendors’, and obtain MC’s approval for purchases above $100,000.

The Lodge has in place documented procedures for financial matters in key areas including procurement procedures and controls, receipting, payment procedures and controls and system for the delegation of authority and limits of approval.

Income & Expenditure

AHL is funded by the Government and from public donations. AHL also collects nominal fees from the relatives of the residents. Such fees are based on the family’s financial background and their ability to pay. Ninety per cent of the residents are subsidized by the Government.

Details of Income & Expenditure available on the same website.

Incoming Receipts

2020
(S$)

2021
(S$)

2022
(S$)

2023
(S$)

2024
(S$)

% Changes
2024 vs 2023

Donations
-Tax Deductible
-Non-Tax Deductible
-Donation-in-kind Income


125,628
254,195


353,040
442,648

295,489
53,790


169,067
246,614
0


95,401
6,761,939
18,291


(43.6)
2,642
N/A

Government Grants

11,465,306

9,299,178

9,311,714

9,440,476

13,452,126

42

Residents fees

1,669,161

1,561,090

1,519,346

1,731,811

1,596,478

(8)

Investment income

137,848

57,793

82,754

655,366

638,374

(3)

Others

75,527

60,766

57,500

66,179

126,555

91

Total Receipts

13,727,665 

11,774,515 

11,320,593

12,309,513

22,670,873

84

 

 

 

 

Expenses

2020
(S$)

2021
(S$)

2022
(S$)

2023
(S$)

2024
(S$)

% Changes
2024 vs 2023

Direct Charitable Expenses
- Local
- Overseas

9,302,294

9,332,882

10,812,261

10,728,188

10,784,372

1

Operating /
Administration Expenses

545,822

669,109

641,119

598,448

657,830

10

Fundraising

N/A

N/A

N/A

N/A

N/A

N/A

Total Expenditure

9,848,116

10,001,991

11,453,380

11,326,636

11,442,202

1

Excess (Deficit)

3,879,549

1,772,524

(132,787)

982,877

11,228,671

1,042

 

Balance Sheet

2020 
(S$)

2021 
(S$)

2022 
(S$)

2023 
(S$)

2024 
(S$)

% Changes
2024 vs 2023

 ASSETS

Land & Building

9,741,901

8,182,932

6,623,964

6,805,128

5,224,912

(23)

Tangible Assets

781,619

574,865

422,622

343,079

240,700

(30)

Deferred Expenditure

N/A

N/A

159,680

119,760

79,840

N/A

Inventories

83,947

115,950

86,758

65,881

63,399

(4)

Receivables

1,924,610

2,690,473

712,137

1,228,969

5,023,399

309

Cash& Cash Equivalents

16,168,717

17,184,131

19,783,354

22,050,901

29,910,691

36

Total Assets

28,700,794

28,748,351

20,582,249

30,613,718

40,542,941

32

 FUNDS

General Fund

7,622,458

8,719,184

6,946,147

3,202,777

8,775,531

174

Building Fund

10,070,056

11,128,094

13,000,000

14,065,514

15,146,734

8

Asset Replacement Fund

N/A

N/A

N/A

4,000,000

4,000,000

0

Lodge Upgrade Fund

N/A

N/A

N/A

0

3,000,000

N/A

Community Silver Fund

882,480

1,217,894

1,524,789

1,429,637

3,390,709

137

Maintenance Fund

0

0

0

0

0

N/A

Medifund Fund

1,546,922

647,470

468,267

1,409,741

296,355

(79)

Programme Fund

479,305

100,000

115,000

15,000

15,000

0

Financial Assistance Scheme Fund

N/A

N/A

N/A

119,196

62,759

(47)

President’s Challenge 2019 Fund

165,000

165,000

0

0

0

0

Silver is Gold Fund

33,333

25,000

0

0

0

0

Asset Capitalisation Reserve

2,784,427

2,454,351

2,090,740

1,946,669

1,560,378

(20)

Total Fund

23,583,981

24,456,993

24,144,943

26,188,534

36,247,466

38

 LIABILITIES

Long-Term Liabilities

2,902,146

2,085,511

1,515,666

2,002,149

1,182,174

(41)

Current Liabilities

2,214,667

2,205,807

2,127,906

2,423,035

3,113,301

28

Total Liabilities

5,116,813

4,291,358

3,643,572

4,425,184

4,295,475

(3)

Total Liabilities & Funds

28,700,794

28,748,351

27,788,515

30,613,718

40,542,941

32

 

Other Information

2020

2021

2022

2023

2024

% Changes
2024 vs 2023

Donations/ Grants & Sponsorship given to other Charities (S$)

0

0

0

0

0

N/A

No. of Employees

141

139

135

146

155

6.2

Total Employee Costs (S$)

5,026,449

5,211,714

6,257,862

6,126,506

5,978,202

(2.4)

Total Related Party Transactions (S$)

3,400

4,550

32,949

1,700

0

(100)

Fund-raising efficiency

N/A

N/A

N/A

N/A

N/A

N/A

Ratio of reserves

1.8

2.0

1.7

1.9

2.7

43.9

Annual Salary Range of 3 highest paid staff (S$)

200,001 to 300,000

100,001 to 200,000

 

1

3

 

1

3

 

1

2

 

1

3

 

1

4

 

N/A

N/A

Legend: 

Fund-raising Efficiency reflects the ratio of the total fund-raising expenses against the total gross receipts from fund-raising.
Ratio of Reserves is based on Unrestricted Funds, comprising General Reserves and Building Fund, over Direct Charitable Activities and Operating/Administration Expenses.

Donation
Join us in empowering Persons with Dementia

Your generous donation will go into helping us enable and empowering Persons with Dementia to continue a life with meaning and purpose.

Click on the link below to donate today.