Declaration
respectively on: 20/06/2023, 16/08/2023, 11/10/2023, 13/12/2023, 07/02/2024, and 16/04/2023.
No remuneration is paid to any member in the Management Committee. This excludes
reimbursement of expenses.
There is no paid staff who are close members of the family of the Executive Head or Board
Member, who receives more than $50,000 during the year.
Remuneration range of three highest paid staff:
Remuneration Band
Between $150,001 to $200,000 0
Between $100,000 to $150,000 1
Mr Goh Cheng Tee, PBM
As a long-serving and active grassroots leader and entrepreneur, his expertise enables us to secure invaluable support and facilitates a seamless progression as we focus on board diversity and renewal.
Mr Tey Siang Lim Gerald
He has made beneficial contributions by imparting valuable knowledge and skills to the newer members in the Management Committee and staff. His strong community linkage with clan associations is also an asset to the organisation.
Ms Chiang Ah Choo BBM
As a long-serving and active grassroots leader, her extensive knowledge and experience on the ground enable us to garner invaluable support when we collaborate with community partners.
Governing Instrument
Loving Heart Multi-Service Centre (Jurong) refers to our Constitution as our governing instrument in setting out the key provisions regarding the administration of the organisation. This includes its charitable purposes, composition of the governing board, duties of office bearers, appointment of trustees, details of committee and general meetings, amendments to constitution, dissolution or cessation of charity status.
Reserves and Investment Policy
Loving Heart Multi-Service Centre (Jurong) targets to maintain an optimal level of operating reserves equivalent to three years of its budgeted expenditure or at least $3,518,440, whichever is lower. The current Reserve Ratio is 3.19.
Investable Incomes refer to the balance of surplus and reserves (less) working capital. The choice of investment instrument should guarantee the initial capital and risk of investment is restricted to market risk or of low-risk nature. Products invested should have a maturity period of not more than 2 years and be easily liquidated if upon request.
Conflict of Interest Policy
The Centre’s policy is for all Management Committee members and staff to make a yearly declaration if there are holding other employment or appointments such as Boards, Committees or any other roles outside of the organisation. Potential conflict of interest in immediate family members’ employment and/or ventures is also declared.
Whistleblowing Policy
The policy strives to provide a platform whereby Loving Heart Multi-Service Centre (Jurong)’s employees or members of the public can raise genuine concerns about possible improprieties in matters of financial report, illegal activities, or other malpractices at the earliest opportunity, and in an appropriate way so that the organization may take relevant action. The policy, procedures, and relevant forms for making a report is available publicly on our website.
Summary of Financial Performance
Plans for the Future
Loving Heart Jurong’s fundraising plans for the Financial Year 2024 – 2025 involve continuing our main fundraising event, the annual Gala Charity Dinner. Our goal is to raise $526,639 through table sales, outright donations, and auctions, which will be directed toward supporting our key services and programs. Additionally, we aim to secure $412,832 in sponsorships for our key initiatives, such as Belanja @ Jurong Central and Project Journey with You.
Regarding our financial allocations, our expenditures remain primarily concentrated in our key Charitable programmes and activities. These encompass our Food Gift+ Programme, Partnership Programmes, and the Empowering Youth Fund (EYF). With the expansion of our level-based tuition classes, we anticipate increased costs to match the requirements of a structured curriculum and recruitment of professional tutors across different subjects.
Our unwavering dedication to data-driven decision-making remains at the forefront of our strategy. We are embarking on a transformative digital journey to restructure and enhance our Volunteer Management and Client Management Systems. This significant revitalization will empower us to expand gracefully, nurturing our community of committed volunteers and adapting to the dynamic requirements of those we serve.
