National Healthcare Group Fund 

​Income​ ​ ​​FY2022  

(S$'000)		​​FY2023​  

(S$'000)		​% Increase/​
(Decrease)
FY2023 on FY2022
​Donations in Cash
-      Tax Deductible
-       Non-Tax Deductible		​​ 
2,654
22		​ ​
2,585
1		​​ 
(3%)
(95%)
​Donations in Kind​
-      Tax Deductible
-      Non-Tax Deductible		​ 
0
0		​ 
0
0		​ 
NA
NA
Grants / Sponsorships00NA
Interest income1441515%
Gain/(Loss) on Revaluation of Unit Trust(4,074)6,688264%
Others00NA
Total Receipts(1,254)9,425 
    
​Expenses ​ ​​FY2022  

(S$'000)		​​FY2023  

(S$'000)		​% Increase/​ (Decrease)
FY2022 on FY2021
Direct Fund-raising Expenses20NA
​​​​Charitable Activities Expenses
- Local
​- Overseas 
​ 

5,771 ​
88​
​ 

5,525
​2,217
​ 

(4%) ​
Nm
​Operating/Administration Expenses​
​4
​8
​100%​
​Others
​0
​0​
​NA
Total Expenditure5,8657,75032%
Excess (Deficit)(7,119)1,675124%

 

​Balance Sheet​ ​ ​​​FY2022  

(S$'000)		​FY2023​  

(S$'000)		​% Increase/ (Decrease)
FY2022 on FY2021
​​ASSETS      
Land and Buildings0
0NA
Other Tangible Assets00NA
Investments87,81394,5018%
Inventories00NA
Accounts Receivable130(100%)
Cash & Deposits6,7742,336(66%)
Others00NA
Total Assets94,60096,837 
​​FUNDS ​    
Unrestricted Fund87,40488,8042%
Restricted Fund2,7653,04010%
Endowment Fund00NA
Total Funds90,16991,844 
​​LIABILITIES ​    
Long-Term Liabilities00
NA
Current Liabilities4,4314,99313%
Total Liabilities4,4314,993 
Total Liabilities and Funds94,60096,837 


​Report Name 
​Download
​NHG Fund Annual Report FY2023​
​Click here
​NHG Fund Audited Financial Statement for the Year ended 31 March 2024
​Click here 
​​NHG Fund Annual Report FY2022
​Click here
​NHG Fund Audited Financial Statement for the Year ended 31 March 2023
​Click here​
​NHG Fund Annual Report FY2021
Click here
​NHG Fund Audited Financial Statement for the Year ended 31 March 2022
Click here 
​NHG Fund Annual Report FY2020 
​Click here
​NHG Fund Audited Financial Statement for the Year ended 31 March 2021 
​Click here

Governance

ROLE OF THE BOARD OF DIRECTORS

The Board's role is to oversee the administration of NHG fund, including ensuring good governance within NHG Fund.  In addition, the Board provides guidance and advisory on the strategic directions and objectives of NHG Fund. The roles and responsibilities of the Board and guidelines on declaration of conflict of interest are set out in the policy on Board Governance and Code of conduct.​

RESERVES AND INVESTMENT POLICY

The Fund aims to ensure the stability of its operations and that there are sufficient resources to fulfil its current and future commitments. It targets to maintain a reserve ratio of five years of financial stability and the means to carry out the charitable activities. The Board will review the reserve level annually.

For FY2023, NHG Fund has a reserve level of about 12 years to meet its operational needs.

 

FY2023

($'millions)

FY2022

($'millions)

General/Unrestricted Fund (Reserves) A88.887.4
Restricted Funds3.02.8
Annual Expenditure B7.35.8
Ratio of Reserves (A)/(B)12.115.1

Donations, grants and its related expenses that are designated to the respective programmes are disclosed separately from the General/Unrestricted Funds. The restricted funds will be utilized by FY2026.

Under its investment policy as approved by the Board, NHGF may invest its reserves in Fixed Deposit and any investment instrument approved by MOHH Central Treasury.

WHISTLE-BLOWING POLICY

NHGF adopts NHG's whistle-blowing policy which sets out a whistleblowing framework for reporting concerns on actual or suspected wrongdoings, misconduct, and negligent or improper activities for investigation and corrective actions. The policy covers the whistleblowing guidelines and processes (including investigation and reporting), confidentiality and protection of whistle-blowers. If you observe or have reason to suspect any NHG employees and/or its partners engaged in any wrong-doings, we strongly encourage you to raise your concerns at [email protected] or call our Whistle-Blowing hotline at 800-492-2363.