| Unrestricted | Permanent | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Endowment | Funds | Funds | |||
| Fund | ||||||
| 2020 | 2020 | 2020 | 2019 | |||
| Note | HK$ | HK$ | HK$ | HK$ | ||
| Donations lnvestmentincome lnterestincome Total income |
J | 225,OOO 34,166,504 311,788 --18ffiM |
34,703,292 225,0O0 34,166,504 311,788 |
35,511,675 225,000 34,571,965 714,710 |
||
| Expenditure on: | ||||||
| Charitableactivities Other:Bankcharges Audit fee Total expenditure |
4 | (26,957,939) - (26,957,9s9) (6,800) _ (6,800) (225,000) - (225,000) 3Eql-ler-..".]-l]f@{ |
(40,973,652) (5,484) (225,000) @1,204.136| |
|||
| Total | 7,513,553 | 7,513,553 | (5,692,461) | |||
| Net foreignexchangegain/(loss) | 137,815 | 137,815 | (399,634) | |||
| Netrevaluationgain/(loss)onlnvestments | 11 | 3,414,779 | 3,414,779 | (287,211,160) | ||
| Netincome/(expenditure) | 7,651,368 | 3,414,779 | 11,066,147 | (293,303,255) | ||
| Netmovementinfunds | 7,6s1,368 | 3,414,779 | 11,066,147 | (293,303,255) | ||
| Fundbalancesbrought forward | 42,300,372 | 1,108,876,646 | 1,151,177,018 | 1,4M,480,273 | ||
| Fund balancoscarriedforward | 49,951,740 | 1,'t12,291,425 | 't,162,243,165 | 1,151,177,O18 |
| 2020 | 2019 |
|---|---|
| HK$ | HK$ |
| 34,703,292 | 35,511,675 |
| (6,800) | (s,484) |
| (225,000) (26,e57,e3e) |
(225,000) (40,973,652) |
| ------ff-,J-8-s.,I-1eI,-- - - | 111.?9L199. |
| 137,815 | (399,634) |
| z,6sxggg | (6,0s2;oss) |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Note | HK$ | HK$ | ||
| 11 | '1,112,290,038 | 1 | ||
| 12 | 578,229 | 113,124 | ||
| 49,476,881 | 42,379,686 | |||
| 50,055,110 | 42,492,810 | |||
| 13 | (101,983) | (191,0sl) | ||
| 49,953,127 | 42,30',1,759 | |||
| 1,162,243,165 | 1 | .151.177 ,018 | ||
| 1,162.243.165 | I | ,1s1,177,O18 | ||
| 14 | 15,370,847 | 15,370,847 | ||
| 15 | 1,096,920,578 | 1,093,505,799 | ||
| _ | l,1IA?91,!-2p.__i.,1g.8.gzg.qg_. | |||
| 16 17 17 |
1,102 15,952,366 33,998,272 |
1,102 28,187,309 14,111,961 |
||
| _-4?,9_51_,I_4_0___-Jaggggl?_. | ||||
| 18 | 162,243,165 1, |
1,15't,177,O18 |
| 2020 | 2019 | |
|---|---|---|
| HK$ | HK$ | |
| 7,651,368 | (6,092,095) | |
| (137,815) | 399,634 | |
| (34,166,504) | (34,s71,965) | |
| (311,788) | (714,71O] | |
| (89,068) (s57,618) |
167,457 372,168 |
|
| - - - - --(?!.911.'!?.5)-.--- | -iL0.199r!111. | |
| 34,166,504 | 34,571,965 | |
| 404,301 | 885,872 | |
| _3_{,r5f_0r_8_0_5__ | ._____99.1glq92_ | |
| ,137,815 | (399,634) | |
| 7,O97,195 | (5,381,308) | |
| 42,379,686 | 47,760,994 | |
| 49,476,881 | 42,379,686 |
| 2020 | 2019 | |
|---|---|---|
| HK$ | HK$ | |
| 34,166,504 | 34.s71 ,965 | |
| 2020 | 2019 | |
| Note | HK$ | HK$ |
| 5 | 24,169,633 | 37,549,570 |
| 6 | 2,788,306 _--d057F50- |
3,424,082 ---Eri@- |
| Grants paid arepayments made {ospecifi year:- |
c charitable projects asapproved bythe Directors. The follo | wingisalistof grant | spaidduringthe |
|---|---|---|---|
| 2020 | 2019 | ||
| Nameof recioient(each recipient below received onegrantexcept where detailed): | HK$ | HK$ | |
| CaritasHongKong Children's HeartFoundation ChinaAssociationof SocialWorkEducalion ChinaCoastCommunity -WeeklyPsyiotherapy Services |
1,129,170 165,900 |
676,01I 247,OOO 1,859,587 |
|
| ChristianFamilyService Centre Ebenezer NewHope School EvangelChildren'sHome GrwthFoundationLld Half theSkyFoundation(Asia)Ltd Home CareforGids HongChiAssociation Hong Kong Christian Services Hong Kong FamilyWelfareSociety Hong Kong SocialWorkersAssociation Maggie'sCancerCaring Centre Motheis Choice |
- Occupational Therapy Services - CounsellingServicesScheme - CounsellingServicesScheme -Counselling Services Scheme |
70,200 607,O77 1,068,834 454,005 456,997 288,822 459,988 1,403,994 880,500 182,500 |
11,700 1,652,509 383,714 675,540 799,718 223,510 466,310 647,543 1,690,759 467,060 896,100 |
| ProjectSpaceLimited RainLily RecognitionAward Sister oflhe GoodShepherd TheABMHKSwatowBaptist Church |
- Clinical Psychological - Life Enrichment |
646,267 50,000 250,000 686,447 |
687,340 631,683 57,500 933,137 |
| TheBoys'&Girls'ClubsAssociationof HK | -School-based Consultation -CounsellingServicesScheme |
247,400 456,997 |
404,700 |
| The HongKong CouncilofSocial Service | - Developing Sustainable Services - Dreamslarter |
596,840 | 1,143,902 106,800 |
| -Champion for Change Award | 28,125 | 112,500 | |
| - Stair Climbing Services The HongKong Councilofthe Church of Christ in China TheHongKongFederation of YouthGroupr- project ismarler |
953,036 532,467 758,911 |
1,346,934 1,238,082 1,458,431 |
|
| TheSociety forCommunity Organisation The University ofHongKong |
-Psychological Services -AdvisoryNetworkproject |
227,490 452,589 |
1,089,935 6s1,900 |
| -CentreonBehavioural Health | 598,09s | 43s,138 | |
| .CSRP | 1,263,540 | 842,360 | |
| -Dept of SocialWork | 869,215 | 3,061,950 | |
| WorldVision ChinaFounda{ion Ltd | -Developing TeamWork | 373,006 298,144 |
696,406 |
| YangMemorial MelhodistSocial ServiceMongkok lntegratedFamily Service Centre YouthOutreach ChampionforChangeAward -BaplistOiKwan Service |
934,894 | 914,278 2,678,960 392,700 |
|
| - Caritas Hong Kong | 165,595 | 198,700 | |
| -Christian Family Service | 49,927 | 333,000 | |
| -CNEC Lui Mlng Choi Primary School | 200,000 | 100,000 | |
| -TheHong Kong Council of Social Service | 100,000 | 100,000 | |
| -TheBoys'&Girls' Clubs AssociationofHong Kong | 167,000 | 200,000 | |
| -TheChurchofUnited BrethreninChrist Social Service | 200,000 | 200,000 | |
| -TheSalvalion Army Hong Kong East lntegrated Service | 201,300 | 132,500 | |
| CASWE ChinaSocial WorkProjectFundI ChinaSocial WorkProjectFundll |
- Yan OiTong -3yearProjects -Projects |
167,000 16,840 57,895 2,238,864 |
200,000 3,2't2,366 |
| TheHongKongPoly{echnicuniversity | - Monitoring expenses -AssetbasedcommunityBuilding of Migrant Local |
210,879 806,240 |
|
| -DeptofRehabilitation Soiences | 1,227,812 | 2,000,902 | |
| -Extra-subsidaries for TrainingWorkshop | 86,280 | ||
| YangAi-NewGenera{ionofsocialWorkTeachers | 1,273,413 371,720 |
179,619 | |
| ShaanxiJia YuenHui SocialWorkService Centre | 169,429 | 133,058 | |
| Short-term funds(7 projects) | 704,656 | ||
| Chinashort-term funds | 174,337 | ||
| Refundof unusedamountfromcompleted projects | (707,60s) | (125,679) | |
| 24,169,633 | 37,549,570 |
| SUPPORTCOSTS | |||
|---|---|---|---|
| 2020 | 2019 | ||
| Note | HK$ | HK$ | |
| Staff costs | 7 | 2,516,236 | 2,672,530 |
| Printing and stationery | 10,289 | 10,377 | |
| Website | 17,716 | 17,176 | |
| Offioe equipment expensed | 67,534 | 21,600 | |
| Travelling expenses | 3,813 | 3,693 | |
| 40thAnniversaryBook | 13,864 | 4s0,000 | |
| Sundryexpenses | 158,854 | 248,706 | |
| 2,788,306 | 3,424,O82 | ||
| All support costshave been allocatedlocharitable activities. | |||
| STAFFCOSTS | |||
| 2020 | 2019 | ||
| HK$ | HK$ | ||
| Wagesand salaries | 2,353,250 | 2,470,423 | |
| Other pensioncosts | 162,986 --7s18736- |
202,107 2,672,530 |
| 2020 | 2019 | |
|---|---|---|
| Movementsfor the year: | HK$ | HK$ |
| At1s{January Ne{ revalua{ion gain/(loss) |
1,108,875,259 3,414,779 |
1,396,086,419 (287,211,',t601 |
| At31stDecember | 1,112,250,038 | 1,'108,87s,259 |
| Hisioricalcostasat31stDecember | 15,369,460 | 15 |
| Revaluation gainsat 31st December | 1,096,920,578 | 799 |
| 12 | The aboveunrealisedgainrelates to underlying nelassets. OTHERRECEIVABLES the endowment fund. The Directorsbelie |
vethat thecarryingvalueofthe investmentiss | upportedby its |
|---|---|---|---|
| 2020 | 2019 | ||
| HK$ | HK$ | ||
| lnterest receivable Cashadvances |
19,787 558,M2 |
112,300 824 |
|
| 578,229 | 113,124 | ||
| {3 | ACCRUALS ANDOTHERPAYABLES | ||
| 2020 | 201 9 | ||
| HK$ | HK$ | ||
| Specialbonus Employer'scontributionofMPF expenses Provisionfor40thAnniversary book expenses |
73,000 28,983 |
118,020 28,32S M,742 |
|
| 191,U51 |
| 15 | reserves_ REVALUATIONRESERVE |
||
|---|---|---|---|
| 2020 | 2019 | ||
| HK$ | HK$ | ||
| Af1January2020 | 1,093,505,799 | 1,380,716,959 | |
| Net revaluationgaini(loss) during theyear | 3,414,779 | (287,211,160) | |
| At 31st December2020 | 1,096,920,578 | 1,093,505,799 | |
| 16 | SHARE CAPITAL | ||
| 2020 | 2019 | ||
| Authorised,allotted andfullypaid: | H1$ | HK$ | |
| '100(20'19: 100) ordinary shares off1each | 1,102 | 1,102 |
| 2020 | 2019 | |
|---|---|---|
| Desionated funds | HK$ | HK$ |
| At1stJanuary | 28,187,309 | 38,376,342 |
| Designations | 11,934,690 | 27,360,537 |
| Utilised duringthe year | (24,169,633) | (37,549,570) |
| At 31stDeoember | 15,9s2,366 | 28,187,309 |
| 2020 | 2019 | |
| Other chari{able funds | HK$ | HK$ |
| At1stJanuary | 14,111,961 | 10,015,023 |
| Nelincoming resources beforerevaluationsand grants paid | 31,821,001 | 31,457,475 |
| Designations | (11,934,690) | (27,360,537) |
| At 31st December | 33,99A,272 | 14,111,961 |
| .I8 | Nelincoming resources beforerevaluationsand grants paid Designations At 31st December ANALYSISOF NETASSETS BETWEENFUNDS |
,, 31,821,001 (11,934,690) 33,99A,272 |
,, 31,457,475 (27,360,537) 14,111,961 |
||
|---|---|---|---|---|---|
| Permanen{ | |||||
| Unrestricted | endowmenf | Total | |||
| funds | funds | funds | |||
| 2020 | 2020 | 2020 | |||
| HK$ | HK$ | HK$ | |||
| lnvestments | 1,112,290,O38 | 1,112,250,038 | |||
| Currentassets | 50,053,723 | 1,387 | 50,055,110 | ||
| Currentliabililies | (101,e83) | (101,s83) | |||
| Netassets | : | 49,951,740 | 1,',112,291,425 | 1,162,243,165 | |
| 2019 | 201I | 20'19 | |||
| HK$ | HK$ | HK$ | |||
| lnvestments | 1,108,875,259 | 1,108,875,259 | |||
| Cunent assels | 42,491,423 | 13a7 | 42,492,810 | ||
| Cunentliabllities | (191,0s1 ) | (191,051) | |||
| Net assets | 42,300,372 | 1,108,876,646 | 1,151,177,018 | ||
| 19 | COMMITMENTS | ||||
| 2020 | 2019 | ||||
| HK$ | HK$ | ||||
| Payablewithinoneyear | 15,952,966 | 28,187,309 | |||
| Payable between one andfiveyears | 5,01S,266 -----zqsidFe- |
10,179,022 38,366,331 |