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|||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|
##