National Healthcare Group Fund 

IncomeFY2020FY2021% Increase/
​  (Decrease)
​(S$'000)(S$'000)FY2021 on FY2020
Donations in Cash   
-      Tax Deductible17,840
5,307
70%
-       Non-Tax Deductible411
17
96%
Donations in Kind   
-      Tax Deductible000%
-      Non-Tax Deductible000%
Grants / Sponsorships000%
Interest income253
69
(73%)
Gain on Revaluation of Unit Trust5,650
1,737
131%
Others000%
Total Receipts24,1543,656
85%
    
ExpensesFY2020FY2021% Increase/
​  (Decrease)
​(S$'000)(S$'000)FY2021 on FY2020
Direct Fund-raising Expenses02
N.A
Charitable Activities Expenses  ​
- Local1,826
2,860
57%
- Overseas0
201
N.A
Operating/Administration Expenses49
19(61%)
Others000%
Total Expenditure1,8753,082
64%
Excess (Deficit)22,279574(97%)


Balance SheetFY2020FY2021% Increase/
​  (Decrease)
​(S$'000)(S$'000)FY2021 on FY2020
ASSETS   
Land and Buildings000%
Other Tangible Assets000%
Investments49,126
85,388
74%
Inventories000%
Accounts Receivable52
3
(94%)
Cash & Deposits48,547
13,504
(72%)
Others000%
Total Assets97,72598,8951%
FUNDS​  
Unrestricted Fund95,956
96,820
1%
Restricted Fund758
469
(38%)
Endowment Fund000%
Total Funds96,71497,2891%
LIABILITIES​  
Long-Term Liabilities000%
Current Liabilities1,011
1,606
59%
Total Liabilities1,0111,60659%
Total Liabilities and Funds97,725
98,8951%


​Report Name 
​Download
​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

NHGF is mainly funded by tax savings and donations from restructured hospitals and healthcare institutions in NHG. It has a reserve policy for long-term stability to ensure there is financial stability and ability to support the charity's principal activity. As a general rule of thumb, NHG Fund aims to maintain more than 10 years of operational expenditure kept as reserves. This reserves level is reviewed annually by the Board to ensure that the reserves are adequate to fulfil its continuing obligations.

The Ratio of Reserves for FY2021 is 31:1 (FY2020: 51:1). NHGF has designated its reserves largely to support areas such as Research and Medical Capability Development, Health Manpower and Talent Development, and Population Health.

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 from FY2020 to FY2023.

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 nhg@tipoffs.com.sg or call our Whistle-Blowing hotline at 800-492-2363.