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FinancialStatements
55 APSN ANNUAL REPORT 2015 - 2016 |
A
SSO
CIA
TIO
N F
OR
PER
SON
S W
ITH
SPE
CIA
L N
EED
S (R
egis
tere
d in
Sin
gapo
re u
nder
the
Cha
ritie
s A
ct, C
ap. 3
7 an
d So
ciet
ies
Act
, Cap
311
) (U
EN :
S75
SS00
58K
)
CO
NTE
NTS
P
age
No
Gen
eral
Info
rmat
ion
1
Sta
tem
ent b
y E
xecu
tive
Com
mitt
ee
2
Inde
pend
ent A
udito
r’s R
epor
t 3
Sta
tem
ent o
f Fin
anci
al A
ctiv
ities
5
Sta
tem
ent o
f Cha
nges
in A
ccum
ulat
ed F
unds
7
Sta
tem
ent o
f Fin
anci
al P
ositi
on
8
Sta
tem
ent o
f Cas
h Fl
ows
10
Not
es to
the
Fina
ncia
l Sta
tem
ents
11
57 57 58 59 60 60 61 62
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
Stat
emen
t by
Exec
utiv
e C
omm
ittee
and
Fin
anci
al S
tate
men
ts
For t
he R
epor
ting
Year
End
ed 3
1 M
arch
201
6
1
A
SSO
CIA
TIO
N F
OR
PER
SON
S W
ITH
SPE
CIA
L N
EED
S (R
egis
tere
d in
Sin
gapo
re u
nder
the
Cha
ritie
s A
ct, C
ap. 3
7 an
d So
ciet
ies
Act
, Cap
311
) (U
EN :
S75
SS00
58K
)
GEN
ERA
L IN
FOR
MA
TIO
N
Exec
utiv
e C
omm
ittee
Mem
bers
Mr.
Cha
n C
hee
Keon
g
– P
resi
dent
D
r. Fr
anci
s C
. Che
n –
Em
eritu
s Pr
esid
ent
Mr.
Win
ston
Won
g
– V
ice
Pres
iden
t D
r. V
icto
r Tay
Kah
Soo
n –
Vic
e P
resi
dent
M
rs. R
uby
Che
ah
– H
on S
ecre
tary
M
r. G
wee
Sze
Chu
an
– H
on T
reas
urer
M
r. Ta
n C
heen
Cho
ng
– H
on A
ssis
tant
Tre
asur
er
Ms.
Ann
abel
Moo
re
– C
omm
ittee
Mem
ber
Mr.
Leon
ard
Lim
–
Com
mitt
ee M
embe
r M
r. R
oyce
Sea
h –
Com
mitt
ee M
embe
r M
s. S
eet C
hor H
oon
– C
omm
ittee
Mem
ber
A
ddre
ss
90
0 N
ew U
pper
Cha
ngi R
oad
Sin
gapo
re 4
6735
4
In
depe
nden
t Aud
itor
R
SM
Chi
o Li
m L
LP
Prin
cipa
l Ban
ker
D
BS
Ban
k Lt
d
2
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
ST
ATE
MEN
T B
Y EX
ECU
TIVE
CO
MM
ITTE
E
The
Exe
cutiv
e C
omm
ittee
is
resp
onsi
ble
for
the
fair
pres
enta
tion
of t
he f
inan
cial
sta
tem
ents
of
Ass
ocia
tion
For
Per
sons
With
Spe
cial
Nee
ds (“
the
Ass
ocia
tion”
) in
acc
orda
nce
with
the
prov
isio
ns o
f th
e C
harit
ies
Act
, C
hapt
er 3
7, t
he S
ocie
ties
Act
, C
hapt
er 3
11 a
nd S
inga
pore
Fin
anci
al R
epor
ting
Sta
ndar
ds.
This
res
pons
ibilit
y in
clud
es:
desi
gnin
g, i
mpl
emen
ting
and
mai
ntai
ning
int
erna
l co
ntro
ls
rele
vant
to
the
prep
arat
ion
and
fair
pres
enta
tion
of f
inan
cial
sta
tem
ents
tha
t ar
e fre
e fro
m m
ater
ial
mis
stat
emen
t, w
heth
er d
ue to
frau
d or
erro
r, se
lect
ing
and
appl
ying
app
ropr
iate
acc
ount
ing
polic
ies;
an
d m
akin
g ac
coun
ting
estim
ates
that
are
reas
onab
le in
circ
umst
ance
s.
In o
ur o
pini
on:
(a)
the
acco
mpa
nyin
g st
atem
ent
of f
inan
cial
act
iviti
es,
stat
emen
t of
cha
nges
in
accu
mul
ated
fu
nds,
sta
tem
ent o
f fin
anci
al p
ositi
on, s
tate
men
t of c
ash
flow
s an
d no
tes
ther
eto
are
draw
n up
so
as
to g
ive
a tru
e an
d fa
ir vi
ew o
f the
sta
te o
f affa
irs o
f the
Ass
ocia
tion
as a
t 31
Mar
ch 2
016
and
of th
e re
sults
, cha
nges
in a
ccum
ulat
ed fu
nds
and
cash
flow
s of
the
Ass
ocia
tion
for
the
repo
rting
yea
r the
n en
ded;
and
(b
) at
the
date
of t
his
stat
emen
t, th
ere
are
reas
onab
le g
roun
ds to
bel
ieve
that
the
Ass
ocia
tion
will
be
abl
e to
pay
its
debt
s as
and
whe
n th
ey fa
ll du
e.
The
Exec
utiv
e C
omm
ittee
app
rove
d an
d au
thor
ised
thes
e fin
anci
al s
tate
men
ts fo
r iss
ue.
On
beha
lf of
the
Exec
utiv
e C
omm
ittee
…
……
……
……
……
……
……
…
Mr.
Cha
n C
hee
Keon
g
Pre
side
nt
……
……
……
……
……
……
……
.. M
r. G
wee
Sze
Chu
an
Hon
orar
y Tr
easu
rer
Sin
gapo
re
3 Au
gust
201
6
56 57| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
3
IND
EPEN
DEN
T A
UD
ITO
R’S
REP
OR
T TO
TH
E M
EMB
ERS
OF
A
SSO
CIA
TIO
N F
OR
PER
SON
S W
ITH
SPE
CIA
L N
EED
S (R
egis
tere
d in
Sin
gapo
re u
nder
the
Cha
ritie
s A
ct, C
ap. 3
7 an
d So
ciet
ies
Act
, Cap
311
) (U
EN :
S75
SS00
58K
) R
epor
t on
the
finan
cial
sta
tem
ents
W
e ha
ve a
udite
d th
e ac
com
pany
ing
finan
cial
sta
tem
ents
of t
he A
ssoc
iatio
n Fo
r Per
sons
With
Spe
cial
N
eeds
(th
e “A
ssoc
iatio
n”)
whi
ch c
ompr
ise
the
stat
emen
t of
fin
anci
al p
ositi
on a
s at
31
Mar
ch 2
016,
an
d th
e st
atem
ent o
f fin
anci
al a
ctiv
ities
, sta
tem
ent o
f cha
nges
in a
ccum
ulat
ed fu
nds
and
stat
emen
t of
cash
flo
ws
for
the
repo
rting
ye
ar
then
en
ded,
an
d si
gnifi
cant
ac
coun
ting
polic
ies
and
othe
r ex
plan
ator
y in
form
atio
n.
Exec
utiv
e co
mm
ittee
’s re
spon
sibi
lity
for t
he fi
nanc
ial s
tate
men
ts
The
Exe
cutiv
e C
omm
ittee
is r
espo
nsib
le f
or t
he p
repa
ratio
n an
d fa
ir pr
esen
tatio
n of
the
se f
inan
cial
st
atem
ents
in
acco
rdan
ce w
ith t
he S
inga
pore
Fin
anci
al R
epor
ting
Sta
ndar
ds,
the
Soc
ietie
s A
ct,
Cha
pter
311
(the
“Soc
iety
Act
”), a
nd th
e S
inga
pore
Cha
ritie
s A
ct, C
hapt
er 3
7 (th
e “C
harit
ies
Act
”) a
nd
for
such
int
erna
l co
ntro
l as
the
Exe
cutiv
e C
omm
ittee
det
erm
ines
is
nece
ssar
y to
ena
ble
the
prep
arat
ion
of fi
nanc
ial s
tate
men
ts th
at a
re fr
ee fr
om m
ater
ial m
isst
atem
ent,
whe
ther
due
to fr
aud
or
erro
r.
Aud
itor’s
resp
onsi
bilit
y
Our
res
pons
ibili
ty i
s to
exp
ress
an
opin
ion
on t
hese
fin
anci
al s
tate
men
ts b
ased
on
our
audi
t. W
e co
nduc
ted
our
audi
t in
acc
orda
nce
with
Sin
gapo
re S
tand
ards
on
Aud
iting
. Th
ose
stan
dard
s re
quire
th
at w
e co
mpl
y w
ith e
thic
al r
equi
rem
ents
and
pla
n an
d pe
rform
the
aud
it to
obt
ain
reas
onab
le
assu
ranc
e ab
out w
heth
er th
e fin
anci
al s
tate
men
ts a
re fr
ee fr
om m
ater
ial m
isst
atem
ent.
A
n au
dit i
nvol
ves
perfo
rmin
g pr
oced
ures
to o
btai
n au
dit e
vide
nce
abou
t the
am
ount
s an
d di
sclo
sure
s in
the
finan
cial
sta
tem
ents
. The
pro
cedu
res
sele
cted
dep
end
on th
e au
dito
r’s
judg
emen
t, in
clud
ing
the
asse
ssm
ent o
f the
ris
ks o
f mat
eria
l mis
stat
emen
t of t
he fi
nanc
ial s
tate
men
ts, w
heth
er d
ue to
frau
d or
er
ror.
In m
akin
g th
ose
risk
asse
ssm
ents
, th
e au
dito
r co
nsid
ers
inte
rnal
con
trol
rele
vant
to
the
Ass
ocia
tion ’
s pr
epar
atio
n an
d fa
ir pr
esen
tatio
n of
the
fin
anci
al s
tate
men
ts i
n or
der
to d
esig
n au
dit
proc
edur
es th
at a
re a
ppro
pria
te in
the
circ
umst
ance
s, b
ut n
ot fo
r the
pur
pose
of e
xpre
ssin
g an
opi
nion
on
the
effe
ctiv
enes
s of
the
Ass
ocia
tion’
s in
tern
al c
ontro
l. A
n au
dit
also
inc
lude
s ev
alua
ting
the
appr
opria
tene
ss o
f ac
coun
ting
polic
ies
used
and
the
rea
sona
blen
ess
of a
ccou
ntin
g es
timat
es m
ade
by m
anag
emen
t, as
wel
l as
eval
uatin
g th
e ov
eral
l pre
sent
atio
n of
the
finan
cial
sta
tem
ents
.
We
belie
ve th
at th
e au
dit e
vide
nce
we
have
obt
aine
d is
suf
ficie
nt a
nd a
ppro
pria
te to
pro
vide
a b
asis
fo
r our
aud
it op
inio
n.
4
IND
EPEN
DEN
T A
UD
ITO
R’S
REP
OR
T TO
TH
E M
EMB
ERS
OF
A
SSO
CIA
TIO
N F
OR
PER
SON
S W
ITH
SPE
CIA
L N
EED
S (R
egis
tere
d in
Sin
gapo
re u
nder
the
Cha
ritie
s A
ct, C
ap. 3
7 an
d So
ciet
ies
Act
, Cap
311
) (U
EN :
S75
SS00
58K
) –
2 –
O
pini
on
In o
ur o
pini
on,
the
finan
cial
sta
tem
ents
are
pro
perly
dra
wn
up i
n ac
cord
ance
with
the
Sin
gapo
re
Fina
ncia
l Rep
ortin
g S
tand
ards
so
as to
pre
sent
fairl
y, in
all
mat
eria
l res
pect
s, th
e st
ate
of a
ffairs
of t
he
Ass
ocia
tion
as a
t 31
Mar
ch 2
016
and
the
resu
lts, c
hang
es in
acc
umul
ated
fund
s an
d ca
sh fl
ows
of th
e A
ssoc
iatio
n fo
r the
repo
rting
yea
r end
ed o
n th
at d
ate.
R
epor
ting
on o
ther
lega
l and
regu
lato
ry re
quire
men
ts
In o
ur o
pini
on:
(a)
the
acco
untin
g an
d ot
her
reco
rds
requ
ired
by t
he r
egul
atio
ns e
nact
ed u
nder
the
S
ocie
ties
Act
to
be k
ept
by t
he A
ssoc
iatio
n ha
ve b
een
prop
erly
kep
t in
acc
orda
nce
with
tho
se
regu
latio
ns; a
nd (
b) th
e fu
nd–r
aisi
ng a
ppea
ls h
eld
durin
g th
e re
porti
ng y
ear
have
bee
n ca
rried
out
in
acco
rdan
ce w
ith r
egul
atio
n 6
of th
e S
ocie
ties
Reg
ulat
ions
issu
ed u
nder
the
Soc
ietie
s Ac
t and
pro
per
acco
unts
and
oth
er re
cord
s ha
ve b
een
kept
of t
he fu
nd–r
aisi
ng a
ppea
ls.
Dur
ing
the
cour
se o
f our
aud
it, n
othi
ng h
as c
ome
to o
ur a
ttent
ion
that
cau
ses
us to
bel
ieve
that
dur
ing
the
repo
rting
yea
r:
(a)
The
use
of th
e do
natio
n m
oney
s w
as n
ot in
acc
orda
nce
with
the
obje
ctiv
es o
f the
Ass
ocia
tion
as
requ
ired
unde
r re
gula
tion
16
of
the
Cha
ritie
s (In
stitu
tions
of
a
Pub
lic
Cha
ract
er)
Reg
ulat
ions
; and
(b
) Th
e A
ssoc
iatio
n ha
s no
t co
mpl
ied
with
the
req
uire
men
ts o
f re
gula
tion
15 (
Fund
–rai
sing
ex
pens
es) o
f the
Cha
ritie
s (In
stitu
tions
of a
Pub
lic C
hara
cter
) Reg
ulat
ions
. R
SM
Chi
o Li
m L
LP
Pub
lic A
ccou
ntan
ts a
nd
Cha
rtere
d A
ccou
ntan
ts
Sin
gapo
re
3 Au
gust
201
6 P
artn
er in
cha
rge
of a
udit:
Cha
n S
ek W
ai
Effe
ctiv
e fro
m re
porti
ng y
ear e
nded
31
Mar
ch 2
013
5
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
ST
ATE
MEN
T O
F FI
NA
NC
IAL
AC
TIVI
TIES
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
20
16
1.
20
15
N
otes
$
2.
$
INC
OM
ING
RES
OU
RC
ES
3.
A
mor
tisat
ion
of d
efer
red
capi
tal g
rant
s
1
8
1,10
1,82
9 4.
998,
561
Don
atio
ns
5.
–
Des
igna
ted
dona
tions
& g
rant
s 17
1,80
4,82
9 6.
1,27
6,84
1 –
Gen
eral
don
atio
ns
7,60
0 7.
179,
515
– D
onat
ion
in k
ind
240,
045
8.
14
6,48
3 G
rant
from
MS
F
9.
– H
R d
evel
opm
ent f
undi
ng
58,8
46
10.
37,5
00
– O
pera
ting
gran
ts
4
574,
893
11.
55
8,85
3 –
Lan
d re
ntal
/ TO
L gr
ants
24
5,92
0 12
.
268,
337
Gra
nt fr
om M
OE
13.
– O
pera
ting
gran
ts
4
18,0
11,5
54
14.
15
,002
,294
–
MO
E s
peci
al p
urpo
se g
rant
s 5
86
9,13
4 15
.
784,
825
– M
OE
fund
s 14
1,28
5,58
0 16
.
1,19
7,01
4 –
Lan
d re
ntal
/ TO
L gr
ants
2,
323,
100
17.
2,
317,
150
Gra
nt fr
om N
CS
S
4
7,72
3,69
4 18
.
6,59
9,85
1 In
tere
st in
com
e
12
0,71
9 19
. 89
,061
M
isce
llane
ous
inco
me
18,9
64
20.
23,0
86
Pro
gram
me
/ sch
ool f
ees
21
.
–
Loca
l stu
dent
s
32
7,00
4 22
.
343,
649
– Fo
reig
n st
uden
ts
185,
238
23.
25
2,72
9 P
rogr
amm
e sa
les
and
serv
ices
11
3,00
2 24
. 92
,674
P
rogr
amm
e sa
les
and
serv
ices
(Des
igna
ted)
17
76,3
67
25.
13
4,16
1 R
enta
l inc
ome
from
inve
stm
ent p
rope
rties
9
78
,000
26
. 65
,000
Tr
ust f
und
inco
me
15
2,
543,
744
27.
1,
420,
010
28.
Tota
l inc
omin
g re
sour
ces
37,7
10,0
62
29.
31
,787
,594
30
.
Less
: Tot
al re
sour
ces
expe
nded
– S
ee p
age
59
(32,
374,
700)
(2
8,98
2,52
1)
Surp
lus
for t
he y
ear
5,33
5,36
2
2,80
5,07
3 A
dd /
(Les
s): T
rans
fer f
rom
/ (to
)
–
Des
igna
ted
dona
tions
17
(629
,880
)
(516
,049
)
– M
OE
fund
s 14
81,6
90
(4
8,63
9)
–
Tru
st fu
nds
15
(6
75,7
55)
(5
37,5
84)
Net
sur
plus
tran
sfer
red
to a
ccum
ulat
ed fu
nds
4,
111,
417
1,
702,
801
The
acco
mpa
nyin
g no
tes
form
an
inte
gral
par
t of t
hese
fina
ncia
l sta
tem
ents
.
6
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
ST
ATE
MEN
T O
F FI
NA
NC
IAL
AC
TIVI
TIES
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
20
16
20
15
N
otes
$
$
R
esou
rces
exp
ende
d
Aud
it fe
e
62
,059
41,4
55
Ban
k ch
arge
s
5,28
1
4,96
9 C
lient
allo
wan
ce
59,0
81
82
,236
C
omm
unic
atio
n an
d po
stag
es
73,8
71
60
,747
D
epre
ciat
ion
of p
rope
rty, p
lant
and
equ
ipm
ent
8
1,67
4,95
7
1,47
6,69
7 D
epre
ciat
ion
of in
vest
men
t pro
perti
es
9
36,6
58
36
,658
D
esig
nate
d do
natio
n ex
pens
es
17
1,
251,
316
89
4,95
3 D
onat
ion
in k
ind
expe
nses
23
9,94
5
149,
483
Edu
catio
nal a
nd te
achi
ng m
ater
ials
36
6,14
1
308,
064
Em
ploy
ee s
alar
ies
and
bene
fit e
xpen
ses
6
21,0
99,4
08
19
,041
,372
G
ener
al in
sura
nce
29,2
02
37
,645
In
gred
ient
s an
d m
ater
ials
46
,795
69,1
67
Land
rent
al
27b
2,
569,
215
2,
585,
672
Lice
nse
fee
1,02
5
1,22
6 Lo
ss o
n di
spos
al o
f pla
nt a
nd e
quip
men
t
8,
875
53
4 M
aint
enan
ce o
f equ
ipm
ent a
nd v
ehic
le
231,
263
20
6,27
8 M
aint
enan
ce o
f pre
mis
es
403,
880
39
0,50
9 M
embe
rshi
p fe
es
5,01
8
3,07
1 M
OE
fund
exp
ense
s 14
1,36
7,27
0
1,14
8,37
5 P
rofe
ssio
nal f
ees
20,0
30
20
,613
P
rope
rty ta
x
4,
960
9,
053
Pur
chas
e of
con
tract
ser
vice
s
30
4,50
7
287,
389
Ren
tal o
f equ
ipm
ent
27a
52
,015
34,6
93
Sch
ool f
ees
unco
llect
ible
writ
ten–
off
1,12
8
2,91
2 S
choo
l fun
ctio
ns a
nd a
ctiv
ities
50
7,63
3
543,
105
Sch
ool b
reak
fast
pro
gram
me
24
,815
15,5
85
SP
ED
fina
ncia
l ass
ista
nce
sche
me
142,
067
12
8,90
2 S
mal
l equ
ipm
ent a
nd fu
rnitu
re
80,8
10
50
,906
S
taff
recr
uitm
ent e
xpen
ses
4,
924
8,
169
Sta
ff tra
inin
g &
dev
elop
men
t
50
,640
47,5
89
Sta
ff tra
nspo
rt ex
pens
es
30,1
12
35
,471
S
taff
wel
fare
exp
ense
s
37
2,31
2
354,
629
Sta
mp
dutie
s an
d pr
oces
sing
fees
12
,188
8,46
5 S
tatio
nery
and
sup
plie
s
20
2,57
2
189,
410
Trus
t fun
d ex
pens
es
15
1,
867,
989
88
2,42
6 Tr
ansp
ort s
ubsi
dy fo
r stu
dent
s
68,6
36
90
,582
U
tiliti
es
354,
770
40
9,19
7 W
ritte
n of
f – in
vent
orie
s
–
1,
744
Util
isat
ion
of fu
nds
7
(1,2
58,6
68)
(6
77,4
30)
Tota
l res
ourc
es e
xpen
ded
32,3
74,7
00
28
,982
,521
The
acco
mpa
nyin
g no
tes
form
an
inte
gral
par
t of t
hese
fina
ncia
l sta
tem
ents
.
58 59| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
7
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
ST
ATE
MEN
T O
F C
HA
NG
ES IN
AC
CU
MU
LATE
D F
UN
DS
FOR
TH
E R
EPO
RTI
NG
YEA
R E
ND
ED 3
1 M
AR
CH
201
6
2016
2015
$
$
B
alan
ce a
t beg
inni
ng o
f the
yea
r
21
,055
,966
1
9,42
7,92
7
N
et s
urpl
us fo
r the
yea
r
4,
111,
417
1,
702,
801
Add
/ (L
ess)
:
Prio
r yea
r und
er /
(ove
r) fu
ndin
g fro
m N
CS
S a
nd M
SF
23,2
43
(7
4,76
2)
Bal
ance
at e
nd o
f yea
r
25
,190
,626
2
1,05
5,96
6
Th
e ac
com
pany
ing
note
s fo
rm a
n in
tegr
al p
art o
f the
se fi
nanc
ial s
tate
men
ts.
8
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
ST
ATE
MEN
T O
F FI
NA
NC
IAL
POSI
TIO
N A
S A
T 31
MA
RC
H 2
016
20
16
20
15
N
otes
$
$ N
on–c
urre
nt a
sset
s
Pro
perty
, pla
nt a
nd e
quip
men
t 8
1,
159,
493
1,
570,
338
Inve
stm
ent p
rope
rties
9
2,
117,
367
2,
154,
025
Tota
l non
–cur
rent
ass
ets
3,27
6,86
0
3,72
4,36
3
C
urre
nt a
sset
s
Inve
ntor
ies
10
40
,724
54,3
11
Oth
er re
ceiv
able
s 11
341,
474
37
6,59
1 O
ther
ass
ets
12
62
2,82
2
727,
284
Net
am
ount
due
from
gra
ntor
s 24
434,
831
11
6,37
0 C
ash
and
cash
equ
ival
ents
13
33,2
33,8
02
27
,613
,952
To
tal c
urre
nt a
sset
s
34
,673
,653
28,8
88,5
08
Tota
l ass
ets
37,9
50,5
13
32
,612
,871
R
epre
sent
ed b
y:
R
estr
icte
d fu
nds
A
ccum
ulat
ed fu
nds
Cen
tre fo
r Adu
lts
746,
814
77
9,60
2 C
haoy
ang
Scho
ol
4,53
3,17
5
3,23
4,55
5 K
aton
g S
choo
l
3,
205,
568
2,
539,
429
Tang
lin S
choo
l
4,
343,
222
4,
007,
402
Del
ta S
enio
r Sch
ool
11,3
86,3
57
9,
734,
869
Hea
dqua
rter
930,
356
73
9,41
3 A
PSN
SC
C
45,1
34
20
,696
To
tal a
ccum
ulat
ed fu
nds
25,1
90,6
26
21
,055
,966
O
ther
rest
ricte
d fu
nds
M
OE
fund
s 14
750,
032
83
3,91
7 Tr
ust f
unds
15
1,80
2,77
3
1,12
4,82
3 A
ssoc
iatio
n bu
ildin
g fu
nd
16
20
4,93
1
204,
931
Ref
urbi
shm
ent f
und
19
80
,027
80,0
27
Sch
ool b
uild
ing
fund
20
3,95
3
3,95
3 To
tal o
ther
rest
ricte
d fu
nds
2,84
1,71
6
2,24
7,65
1 To
tal r
estr
icte
d fu
nds
28,0
32,3
42
23
,303
,617
U
nres
tric
ted
fund
s
Des
igna
ted
dona
tion
fund
s 17
4,06
8,46
5
3,43
8,58
5 To
tal u
nres
tric
ted
fund
s
4,
068,
465
3,
438,
585
Tota
l fun
ds
32,1
00,8
07
26
,742
,202
The
acco
mpa
nyin
g no
tes
form
an
inte
gral
par
t of t
hese
fina
ncia
l sta
tem
ents
.
9
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
ST
ATE
MEN
T O
F FI
NA
NC
IAL
POSI
TIO
N A
S A
T 31
MA
RC
H 2
016
20
16
20
15
N
otes
$
$ N
on–c
urre
nt li
abili
ties
D
efer
red
capi
tal g
rant
s 18
2,64
3,47
6
3,03
8,72
5 P
rovi
sion
, non
–cur
rent
21
41,5
88
58
,270
To
tal n
on–c
urre
nt li
abili
ties
2,68
5,06
4
3,09
6,99
5
C
urre
nt li
abili
ties
O
ther
cre
dito
rs a
nd a
ccru
als
23
3,
066,
049
2,
621,
721
Sch
ool f
ees
rece
ived
in a
dvan
ce
81,7
00
85
,376
P
rovi
sion
, cur
rent
21
–
41,5
88
AFI
D c
onfe
renc
e fu
nd
22
16
,893
24,9
89
Tota
l cur
rent
liab
ilitie
s
3,
164,
642
2,
773,
674
Tota
l lia
bilit
ies
5,84
9,70
6
5,87
0,66
9 To
tal f
unds
and
liab
ilitie
s
37
,950
,513
32,6
12,8
71
Th
e ac
com
pany
ing
note
s fo
rm a
n in
tegr
al p
art o
f the
se fi
nanc
ial s
tate
men
ts.
10
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
ST
ATE
MEN
T O
F C
ASH
FLO
WS
FOR
TH
E R
EPO
RTI
NG
YEA
R E
ND
ED 3
1 M
AR
CH
201
6
2016
2015
$
$
Cas
h flo
ws
from
ope
ratin
g ac
tiviti
es
Net
sur
plus
for t
he y
ear
4,
111,
417
1,
702,
801
Adj
ustm
ents
for:
Dep
reci
atio
n of
pla
nt a
nd e
quip
men
t
1,67
4,95
7
1,47
6,69
7 D
epre
ciat
ion
of in
vest
men
t pro
perti
es
36
,658
36,6
58
Prio
r yea
rs u
nder
/ (o
ver)
fund
ing
from
NC
SS
and
MSF
23,2
43
(7
4,76
2)
Am
ortis
atio
n of
def
erre
d ca
pita
l gra
nts
(1
,101
,829
)
(998
,561
) In
tere
st in
com
e
(120
,719
)
(89,
061)
Lo
ss o
n di
spos
al o
f pla
nt a
nd e
quip
men
t
8,87
5
534
S
urpl
us b
efor
e ch
ange
s in
wor
king
cap
ital
4,
632,
602
2,
054,
306
Inve
ntor
ies
13
,587
(12,
207)
O
ther
rece
ivab
les
35
,117
(131
,868
) O
ther
ass
ets
10
4,46
2
(29,
595)
O
ther
cre
dito
rs a
nd a
ccru
als
44
4,32
8
896,
322
Pro
visi
on fo
r rei
nsta
tem
ent
(5
8,27
0)
–
Sch
ool f
ees
rece
ived
in a
dvan
ce
(3
,676
)
(18,
574)
A
mou
nt d
ue to
gra
ntor
s
(318
,461
)
929,
039
N
et c
ash
flow
s fro
m o
pera
ting
activ
ities
4,84
9,68
9
3,68
7,42
6
Cas
h flo
ws
from
inve
stin
g ac
tiviti
es
Pur
chas
e of
pla
nt &
equ
ipm
ent
(1
,344
,481
)
(1,1
15,6
91)
Rec
eipt
from
dis
posa
l of p
lant
and
equ
ipm
ent
71
,494
118
Inte
rest
inco
me
12
0,71
9
89,0
61
N
et c
ash
flow
s us
ed in
inve
stin
g ac
tiviti
es
(1
,152
,268
)
(1,0
26,5
12)
C
ash
flow
s fr
om fi
nanc
ing
activ
ities
N
et p
aym
ent i
n AF
ID c
onfe
renc
e fu
nd
(8
,096
)
(2,0
56)
Gro
ss re
ceip
t in
defe
rred
cap
ital g
rant
s
706,
580
2,
686,
098
Cas
h re
stric
ted
in u
se
30
30
Net
(pay
men
t) re
ceip
t in
MO
E fu
nds
(8
1,69
0)
53
7,58
4 N
et re
ceip
t in
trust
fund
s
675,
755
48
,639
N
et p
aym
ent i
n as
soci
atio
n bu
ildin
g fu
nd
–
(2
,190
,683
) N
et re
ceip
t in
desi
gnat
ed d
onat
ion
fund
629,
880
56
1,71
5 N
et p
aym
ent i
n re
furb
ishm
ent f
und
–
(4
5,66
6)
N
et c
ash
flow
s fro
m fi
nanc
ing
activ
ities
1,92
2,45
9
1,59
5,66
1
Net
incr
ease
in c
ash
and
cash
equ
ival
ents
5,61
9,88
0
4,25
6,57
5 C
ash
and
cash
equ
ival
ents
, sta
tem
ent o
f cas
h flo
ws,
B
egin
ning
bal
ance
27,4
45,2
36
23
,188
,661
Cas
h an
d ca
sh e
quiv
alen
ts, s
tate
men
t of c
ash
flow
s,
Endi
ng b
alan
ce (N
ote
13a)
33,0
65,1
16
27
,445
,236
Th
e ac
com
pany
ing
note
s fo
rm a
n in
tegr
al p
art o
f the
se fi
nanc
ial s
tate
men
ts.
60 61| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
11
1.
Ass
ocia
tion
info
rmat
ion
The
Ass
ocia
tion
for P
erso
ns w
ith S
peci
al N
eeds
(“A
PSN
” or t
he “A
ssoc
iatio
n”) i
s re
gist
ered
in
Sin
gapo
re o
n 12
Dec
embe
r 197
5 un
der t
he S
ocie
ties
Act
, Cap
311
. Th
e A
ssoc
iatio
n is
als
o a
char
ity r
egis
tere
d un
der
the
Cha
ritie
s A
ct,
Cap
37
and
is a
n ap
prov
ed I
nstit
utio
n of
Pub
lic
Cha
ract
er (
“IPC
”) u
nder
the
Sin
gapo
re I
ncom
e Ta
x A
ct,
Cap
134
. Th
e fin
anci
al s
tate
men
ts
are
pres
ente
d in
Sin
gapo
re d
olla
r. Th
e pr
inci
pal a
ctiv
ities
of t
he A
PSN
are
to p
rovi
de e
duca
tion
and
train
ing
to p
erso
ns w
ith m
ild
inte
llect
ual d
isab
ility
so
that
the
y ha
ve t
he n
eces
sary
ski
lls,
attit
ude
and
pers
onal
ity t
o le
ad
norm
al in
depe
nden
t liv
es in
adu
lthoo
d.
The
Ass
ocia
tion
is s
ituat
ed in
Sin
gapo
re a
nd h
as it
s he
ad o
ffice
at
900
New
Upp
er C
hang
i R
oad
Sing
apor
e 46
7354
. Th
ere
are
1,21
7 (2
015:
1,19
4) s
tude
nts
and
clie
nts,
and
390
(201
5:36
6) s
taff
as a
t end
of t
he
repo
rting
yea
r. Th
e fin
anci
al s
tate
men
ts i
nclu
de t
he s
tate
of
affa
irs a
nd t
he r
esul
ts o
f th
e A
PSN
and
the
fo
llow
ing:
C
haoy
ang
Scho
ol (“
CY
S”)
Kat
ong
Sch
ool (
“KS
”) Ta
nglin
Sch
ool (
“TS”
) D
elta
Sen
ior S
choo
l (“D
SS
”) C
entre
for A
dults
(“C
FA”)
AP
SN S
tude
nt C
are
Cen
tre (“
APSN
SC
C”)
Cha
oyan
g S
choo
l, K
aton
g S
choo
l, Ta
nglin
Sch
ool
and
Del
ta S
enio
r S
choo
l ar
e re
gist
ered
un
der
Min
istry
of
Edu
catio
n (“
MO
E”)
and
APS
N S
tude
nt C
are
Cen
tre i
s re
gist
ered
und
er
Min
istry
of
Soci
al a
nd F
amily
Dev
elop
men
t (“
MSF
”). C
entre
for
Adu
lts i
s op
erat
ed a
s a
divi
sion
of A
PSN
. Th
e fin
anci
al s
tate
men
ts o
f APS
N fo
r the
repo
rting
yea
r end
ed 3
1 M
arch
201
6 ar
e au
thor
ised
fo
r is
suan
ce b
y th
e ex
ecut
ive
com
mitt
ee o
n th
e da
te o
f th
e st
atem
ent
by t
he e
xecu
tive
com
mitt
ee.
The
Con
stitu
tion
of th
e A
ssoc
iatio
n re
stric
ts th
e us
e of
fund
mon
ies
to th
e fu
rther
ance
of t
he
obje
ctiv
e of
the
Ass
ocia
tion,
and
pro
hibi
ts th
e pa
ymen
t of d
ivid
ends
. A
ccou
ntin
g co
nven
tion
Th
e fin
anci
al s
tate
men
ts h
ave
been
pre
pare
d in
acc
orda
nce
with
the
Sin
gapo
re F
inan
cial
R
epor
ting
Sta
ndar
ds (
“FR
S”)
, as
wel
l as
all
rela
ted
Inte
rpre
tatio
n to
FR
S (
“INT
FRS
”) a
s is
sued
by
the
Sin
gapo
re A
ccou
ntin
g S
tand
ards
Cou
ncil.
The
Ass
ocia
tion
is a
lso
subj
ect t
o th
e pr
ovis
ions
of
the
Cha
ritie
s A
ct,
Cap
. 37
. Th
e fin
anci
al s
tate
men
ts a
re p
repa
red
on a
goi
ng
conc
ern
basi
s un
der
the
hist
oric
al
cost
co
nven
tion
exce
pt
whe
re
an
FRS
re
quire
an
al
tern
ativ
e tre
atm
ent
(suc
h as
fai
r va
lues
) as
dis
clos
ed w
here
app
ropr
iate
in t
hese
fin
anci
al
stat
emen
ts. T
he a
ccou
ntin
g po
licie
s in
FR
Ss
may
not
be
appl
ied
whe
n th
e ef
fect
of a
pply
ing
them
is im
mat
eria
l. T
he d
iscl
osur
es re
quire
d by
FR
Ss
need
not
be
mad
e if
the
info
rmat
ion
is
imm
ater
ial.
Oth
er c
ompr
ehen
sive
inco
me
com
pris
es it
ems
of in
com
e an
d ex
pens
e (in
clud
ing
recl
assi
ficat
ion
adju
stm
ents
) th
at a
re n
ot r
ecog
nise
d in
the
inco
me
stat
emen
t, as
req
uire
d or
pe
rmitt
ed b
y FR
S. R
ecla
ssifi
catio
n ad
just
men
ts a
re a
mou
nts
recl
assi
fied
to p
rofit
or l
oss
in th
e in
com
e st
atem
ent i
n th
e cu
rrent
per
iod
that
wer
e re
cogn
ised
in o
ther
com
preh
ensi
ve in
com
e in
the
curre
nt o
r pre
viou
s pe
riods
.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
12
Bas
is o
f pre
para
tion
of th
e fin
anci
al s
tate
men
ts
The
prep
arat
ion
of f
inan
cial
sta
tem
ents
in
conf
orm
ity w
ith g
ener
ally
acc
epte
d ac
coun
ting
prin
cipl
es r
equi
res
the
Exe
cutiv
e C
omm
ittee
to
mak
e es
timat
es a
nd a
ssum
ptio
ns t
hat a
ffect
th
e re
porte
d am
ount
s of
ass
ets
and
liabi
litie
s an
d di
sclo
sure
of
cont
inge
nt a
sset
s an
d lia
bilit
ies
at t
he d
ate
of t
he f
inan
cial
sta
tem
ents
and
the
rep
orte
d am
ount
s of
inc
ome
and
expe
nditu
re d
urin
g th
e re
porti
ng p
erio
d. A
ctua
l res
ults
cou
ld d
iffer
from
thos
e es
timat
es.
The
estim
ates
and
ass
umpt
ions
are
rev
iew
ed o
n an
ong
oing
bas
is.
Apa
rt fro
m t
hose
inv
olvi
ng
estim
atio
ns,
the
Exe
cutiv
e C
omm
ittee
has
mad
e ju
dgem
ents
in t
he p
roce
ss o
f ap
plyi
ng t
he
Ass
ocia
tion’
s ac
coun
ting
polic
ies.
The
are
as re
quiri
ng th
e E
xecu
tive
Com
mitt
ee m
ost d
iffic
ult,
subj
ectiv
e or
com
plex
judg
emen
ts, o
r are
as w
here
ass
umpt
ions
and
est
imat
es a
re s
igni
fican
t to
the
finan
cial
sta
tem
ents
, are
dis
clos
ed a
t the
end
of t
his
foot
note
, whe
re a
pplic
able
.
2.
Sign
ifica
nt a
ccou
ntin
g po
licie
s an
d ot
her e
xpla
nato
ry in
form
atio
n 2A
. Si
gnifi
cant
acc
ount
ing
polic
ies
Inco
me
reco
gniti
on
Inco
me
incl
udin
g do
natio
ns, g
ifts
and
gran
ts th
at p
rovi
de c
ore
fund
ing
or a
re o
f gen
eral
nat
ure
are
reco
gnis
ed w
here
the
re i
s (a
) en
title
men
t (b
) ce
rtain
ty a
nd (
c) s
uffic
ient
rel
iabi
lity
of
mea
sure
men
t. S
uch
inco
me
is o
nly
defe
rred
whe
n: t
he d
onor
spe
cifie
s th
at t
he g
rant
or
dona
tions
mus
t on
ly b
e us
ed i
n fu
ture
acc
ount
ing
perio
ds;
or t
he d
onor
has
im
pose
d co
nditi
ons
whi
ch m
ust b
e m
et b
efor
e th
e As
soci
atio
n ha
s un
cond
ition
al e
ntitl
emen
t.
(a)
Gra
nts
Gra
nts
to c
over
a p
artic
ular
exp
endi
ture
or
prog
ram
me
are
acco
unte
d fo
r as
inco
min
g re
sour
ces
upon
rec
eipt
of
notif
icat
ion
of t
he g
rant
aw
ard,
whi
ch n
orm
ally
coi
ncid
es w
ith
the
year
whe
n th
e re
late
d ex
pens
es, f
or w
hich
the
gran
t is
inte
nded
to c
over
, are
incu
rred.
Th
e co
rresp
ondi
ng a
sset
(gr
ants
rec
eiva
ble
acco
unt)
is a
lso
reco
gnis
ed t
hen.
Gra
nts
rece
ived
for
the
purc
hase
of d
epre
ciab
le a
sset
s an
d re
furb
ishm
ent f
or s
choo
l is
take
n to
th
e de
ferr
ed c
apita
l gra
nts
acco
unt.
The
defe
rred
gra
nts
are
reco
gnis
ed in
the
stat
emen
t of
fin
anci
al a
ctiv
ities
ove
r th
e ye
ars
nece
ssar
y to
mat
ch t
he d
epre
ciat
ion
of a
sset
s to
w
hich
the
gra
nts
rela
te.
A g
over
nmen
t gr
ant
is r
ecog
nise
d at
fai
r va
lue
whe
n th
ere
is
reas
onab
le a
ssur
ance
that
the
cond
ition
s at
tach
ing
to it
will
be
com
plie
d w
ith a
nd th
at th
e gr
ant
will
be
rece
ived
. G
rant
s an
d go
vern
men
t su
bven
tion
rece
ipts
in
reco
gniti
on o
f sp
ecifi
c ex
pens
es a
re r
ecog
nise
d as
inco
me
to m
atch
the
m w
ith t
he r
elat
ed c
osts
tha
t th
ey a
re in
tend
ed to
com
pens
ate.
U
nder
the
con
ditio
ns o
f gr
ant
rece
ived
, ov
er o
r un
der
fund
ing
from
Nat
iona
l Cou
ncil
of
Soc
ial S
ervi
ces
(“NC
SS”
), To
te B
oard
, Min
istry
of S
ocia
l and
Fam
ily D
evel
opm
ent (
“MS
F”)
and
Min
istry
of E
duca
tion
(“M
OE
”) a
re re
fund
able
to o
r fro
m N
CSS
, Tot
e B
oard
, MS
F an
d M
OE
. (b
) D
onat
ions
and
cor
pora
te s
pons
orsh
ip
Inco
me
from
don
atio
ns a
nd c
orpo
rate
spo
nsor
ship
are
acc
ount
ed f
or w
hen
rece
ived
, ex
cept
for
com
mitt
ed d
onat
ions
and
cor
pora
te s
pons
orsh
ip t
hat
are
reco
rded
whe
n th
e co
mm
itmen
ts a
re s
igne
d.
(c
) R
ende
ring
of s
ervi
ces
Ren
derin
g of
ser
vice
s in
clud
ing
scho
ol fe
es th
at a
re o
f sho
rt du
ratio
n is
reco
gnis
ed w
hen
the
serv
ices
are
com
plet
ed.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
13
2.
Sign
ifica
nt a
ccou
ntin
g po
licie
s an
d ot
her e
xpla
nato
ry in
form
atio
n (c
ont’d
) 2A
. Si
gnifi
cant
acc
ount
ing
polic
ies
(con
t’d)
In
com
e re
cogn
ition
(con
t’d)
(d
) Fu
nd ra
isin
g R
even
ue fr
om s
peci
al e
vent
is re
cogn
ised
whe
n th
e ev
ent t
akes
pla
ce.
(e
) O
ther
inco
me
Inte
rest
inco
me
is r
ecog
nise
d on
a ti
me–
prop
ortio
n ba
sis
usin
g th
e ef
fect
ive
inte
rest
rat
e th
at ta
kes
into
acc
ount
the
effe
ctiv
e yi
eld
on th
e as
set.
The
inco
me
from
sal
e of
edu
catio
n m
ater
ials
and
uni
form
s is
reco
gnis
ed w
hen
sign
ifica
nt ri
sks
and
rew
ards
are
tran
sfer
red
to
the
buye
r, th
e am
ount
of
inco
me
and
cost
incu
rred
or t
o be
incu
rred
in r
espe
ct o
f th
e tra
nsac
tion
can
be m
easu
red
relia
bly.
Gift
s in
kin
d A
gift
in k
ind
is in
clud
ed in
the
stat
emen
t of f
inan
cial
act
iviti
es b
ased
on
an e
stim
ate
of th
e fa
ir va
lue
at th
e da
te o
f the
rece
ipt o
f the
gift
of t
he n
on–m
onet
ary
asse
t or t
he g
rant
of a
righ
t to
the
mon
etar
y as
set.
The
gift
is r
ecog
nise
d if
the
amou
nt o
f the
gift
can
be
mea
sure
d re
liabl
y an
d th
ere
is n
o un
certa
inty
that
it w
ill b
e re
ceiv
ed.
Empl
oyee
ben
efits
C
ontri
butio
ns to
def
ined
con
tribu
tion
retir
emen
t ben
efit
plan
s ar
e re
cord
ed a
s an
exp
ense
as
they
fall
due.
The
Ass
ocia
tion'
s le
gal o
r con
stru
ctiv
e ob
ligat
ion
is li
mite
d to
the
amou
nt th
at it
is
obl
iged
to c
ontri
bute
to a
n in
depe
nden
tly a
dmin
iste
red
fund
whi
ch is
the
Cen
tral P
rovi
dent
Fu
nd i
n S
inga
pore
(a
gove
rnm
ent
man
aged
ret
irem
ent
bene
fit p
lan)
. F
or e
mpl
oyee
lea
ve
entit
lem
ent,
the
expe
cted
cos
t of s
hort–
term
em
ploy
ee b
enef
its in
the
form
of
com
pens
ated
ab
senc
es i
s re
cogn
ised
in
the
case
of
accu
mul
atin
g co
mpe
nsat
ed a
bsen
ces,
whe
n th
e em
ploy
ees
rend
er s
ervi
ce t
hat
incr
ease
s th
eir
entit
lem
ent
to f
utur
e co
mpe
nsat
ed a
bsen
ces;
an
d in
the
cas
e of
non
–acc
umul
atin
g co
mpe
nsat
ed a
bsen
ces,
whe
n th
e ab
senc
es o
ccur
. A
lia
bilit
y fo
r bo
nuse
s is
rec
ogni
sed
whe
re t
he A
ssoc
iatio
n is
con
tract
ually
obl
iged
or
whe
re
ther
e is
con
stru
ctiv
e ob
ligat
ion
base
d on
pas
t pra
ctic
e.
Inco
me
tax
A
s a
char
ity,
the
Ass
ocia
tion
is e
xem
pt f
rom
tax
on
inco
me
and
gain
s fa
lling
with
in s
ectio
n 13
U(1
) of t
he In
com
e Ta
x Ac
t to
the
exte
nt th
at th
ese
are
appl
ied
to it
s ch
arita
ble
obje
cts.
No
tax
char
ges
have
aris
en in
the
Ass
ocia
tion.
Fo
reig
n cu
rren
cy tr
ansa
ctio
ns a
nd fu
nctio
nal c
urre
ncy
tran
sact
ions
Th
e fu
nctio
nal c
urre
ncy
is th
e Si
ngap
ore
dolla
r as
it re
flect
s th
e pr
imar
y ec
onom
ic e
nviro
nmen
t in
whi
ch t
he A
ssoc
iatio
n op
erat
es.
Tran
sact
ions
in
fore
ign
curre
ncie
s ar
e re
cord
ed i
n th
e fu
nctio
nal c
urre
ncy
at th
e ra
tes
rulin
g at
the
date
s of
the
trans
actio
ns. T
he p
rese
ntat
ion
is in
the
func
tiona
l cur
renc
y.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
14
2.
Sign
ifica
nt a
ccou
ntin
g po
licie
s an
d ot
her e
xpla
nato
ry in
form
atio
n (c
ont’d
) 2A
. Si
gnifi
cant
acc
ount
ing
polic
ies
(con
t’d)
Prop
erty
, pla
nt a
nd e
quip
men
t P
rope
rty,
plan
t an
d eq
uipm
ent
are
carr
ied
at c
ost
on i
nitia
l re
cogn
ition
and
afte
r in
itial
re
cogn
ition
at
cost
les
s an
y ac
cum
ulat
ed d
epre
ciat
ion
and
any
accu
mul
ated
im
pairm
ent
loss
es.
The
gain
or
loss
aris
ing
from
the
der
ecog
nitio
n of
an
item
of
prop
erty
, pl
ant
and
equi
pmen
t is
dete
rmin
ed a
s th
e di
ffere
nce
betw
een
the
net d
ispo
sal p
roce
eds,
if a
ny, a
nd th
e ca
rryin
g am
ount
of
the
item
and
is r
ecog
nise
d in
the
sta
tem
ent
of f
inan
cial
act
iviti
es.
The
re
sidu
al v
alue
and
the
usef
ul li
fe o
f an
asse
t is
revi
ewed
at l
east
at e
ach
end
of re
porti
ng y
ear
and,
if e
xpec
tatio
ns d
iffer
sig
nific
antly
from
pre
viou
s es
timat
es, t
he c
hang
es a
re a
ccou
nted
for
as a
cha
nge
in a
n ac
coun
ting
estim
ate,
and
the
depr
ecia
tion
char
ge fo
r the
cur
rent
and
futu
re
perio
ds a
re a
djus
ted.
Ite
ms
cost
ing
$1,0
00 o
r le
ss a
re e
xpen
sed
off i
n th
e ye
ar o
f acq
uisi
tion
to th
e st
atem
ent o
f fin
anci
al a
ctiv
ities
. C
ost a
lso
incl
udes
acq
uisi
tion
cost
, any
cos
t dire
ctly
attr
ibut
able
to b
ringi
ng th
e as
set t
o th
e lo
catio
n an
d co
nditi
on n
eces
sary
for
it to
be
capa
ble
of o
pera
ting
in th
e m
anne
r in
tend
ed b
y m
anag
emen
t. S
ubse
quen
t co
st a
re r
ecog
nise
d as
an
asse
t on
ly w
hen
it is
pro
babl
e th
at
futu
re e
cono
mic
ben
efits
ass
ocia
ted
with
the
item
will
flow
to th
e A
ssoc
iatio
n an
d th
e co
st o
f th
e ite
m c
an b
e m
easu
red
relia
bly.
All
othe
r re
pairs
and
mai
nten
ance
are
cha
rged
to
the
stat
emen
t of f
inan
cial
act
iviti
es w
hen
they
are
incu
rred
. C
ost
incl
udes
the
ini
tial
estim
ate
of t
he c
osts
of
dism
antli
ng a
nd r
emov
ing
the
item
and
re
stor
ing
it at
the
site
on
whi
ch it
is lo
cate
d, t
he o
blig
atio
n fo
r w
hich
an
entit
y in
curs
eith
er
whe
n th
e ite
m is
acq
uire
d or
as
a co
nseq
uenc
e of
hav
ing
used
the
item
dur
ing
a pa
rticu
lar
perio
d fo
r pu
rpos
es o
ther
tha
n to
pro
duce
inv
ento
ries
durin
g th
at p
erio
d. S
ee N
ote
21 o
n pr
ovis
ion.
D
epre
ciat
ion
is p
rovi
ded
on a
stra
ight
–lin
e ba
sis
to a
lloca
te th
e gr
oss
carry
ing
amou
nts
of th
e as
sets
less
thei
r res
idua
l val
ues
over
thei
r est
imat
ed u
sefu
l liv
es:
Free
hold
bui
ldin
g im
prov
emen
t
– 5
year
s Le
aseh
old
impr
ovem
ent
– 3
year
s Fu
rnitu
re, f
ittin
gs &
equ
ipm
ent
– 5
year
s C
ompu
ters
–
1 ye
ar
Softw
are
– 1
year
M
otor
veh
icle
s –
5 ye
ars
An
asse
t is
depr
ecia
ted
whe
n it
is a
vaila
ble
for u
se u
ntil
it is
der
ecog
nise
d ev
en if
dur
ing
that
pe
riod
the
item
is id
le.
Fully
dep
reci
ated
ass
ets
still
in u
se a
re re
tain
ed in
the
finan
cial
sta
tem
ents
. Fu
lly d
epre
ciat
ed a
sset
s ar
e m
aint
aine
d at
a n
omin
al v
alue
of $
1 un
til th
ey a
re n
o lo
nger
in
use
whe
n th
ey a
re w
ritte
n of
f.
62 63| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
15
2.
Sign
ifica
nt a
ccou
ntin
g po
licie
s an
d ot
her e
xpla
nato
ry in
form
atio
n (c
ont’d
) 2A
. Si
gnifi
cant
acc
ount
ing
polic
ies
(con
t’d)
In
vest
men
t pro
pert
y In
vest
men
t pro
perty
is p
rope
rty (l
and
or a
bui
ldin
g or
par
t of a
bui
ldin
g or
bot
h) o
wne
d or
hel
d un
der a
fina
nce
leas
e to
ear
n re
ntal
s or
for c
apita
l app
reci
atio
n or
bot
h, ra
ther
than
for u
se in
th
e pr
oduc
tion
or s
uppl
y of
goo
ds o
r se
rvic
es o
r fo
r ad
min
istra
tive
purp
oses
or
sale
in t
he
ordi
nary
cou
rse
of b
usin
ess.
It in
clud
es a
n in
vest
men
t pro
perty
in th
e co
urse
of c
onst
ruct
ion.
A
fter
initi
al r
ecog
nitio
n at
cos
t inc
ludi
ng tr
ansa
ctio
n co
sts
the
cost
mod
el is
use
d to
mea
sure
th
e in
vest
men
t pro
perty
usi
ng th
e tre
atm
ent f
or p
rope
rty, p
lant
and
equ
ipm
ent,
that
is, a
t cos
t le
ss a
ny a
ccum
ulat
ed d
epre
ciat
ion
and
any
accu
mul
ated
impa
irmen
t lo
sses
. A
n in
vest
men
t pr
oper
ty t
hat
mee
ts t
he c
riter
ia t
o be
cla
ssifi
ed a
s he
ld f
or s
ale
is c
arrie
d at
the
low
er o
f ca
rryin
g am
ount
and
fai
r va
lue.
For
dis
clos
ure
purp
oses
, th
e fa
ir va
lues
are
mea
sure
d pe
riodi
cally
on
a sy
stem
atic
bas
is a
t le
ast
once
yea
rly b
y m
anag
emen
t or
by
exte
rnal
in
depe
nden
t va
luer
s ha
ving
an
appr
opria
te r
ecog
nise
d pr
ofes
sion
al q
ualif
icat
ion
and
rece
nt
expe
rienc
e in
the
loca
tion
and
cate
gory
of t
he p
rope
rty b
eing
val
ued.
Th
e an
nual
rate
s of
dep
reci
atio
n ar
e as
follo
ws:
Fr
eeho
ld b
uild
ing
(exc
lude
Lan
d)
– 50
yea
rs
Res
erve
s m
anag
emen
t Th
e re
serv
e of
the
Ass
ocia
tion
is m
ainl
y th
e ac
cum
ulat
ed fu
nd.
APSN
Exe
cutiv
e C
omm
ittee
’s
obje
ctiv
e is
to m
aint
ain
an o
ptim
al b
alan
ce in
the
accu
mul
ated
fund
to s
uppo
rt th
e co
ntin
uity
of
the
activ
ities
of t
he A
ssoc
iatio
n an
d fo
r fut
ure
deve
lopm
ents
of t
he S
choo
ls a
nd C
entre
for
Adu
lts.
The
Exec
utiv
e C
omm
ittee
mon
itors
the
leve
l of t
he fu
nds
for w
orki
ng c
apita
l fle
xibi
lity.
Th
ere
wer
e no
cha
nges
in
the
Exe
cutiv
e C
omm
ittee
’s a
ppro
ach
to r
eser
ve m
anag
emen
t du
ring
the
year
. Th
e As
soci
atio
n is
no
t su
bjec
t to
ext
erna
lly i
mpo
sed
capi
tal
rese
rve
requ
irem
ents
. Le
ases
Le
ases
are
cla
ssifi
ed a
s fin
ance
leas
es if
sub
stan
tially
all
the
risks
and
rew
ards
of o
wne
rshi
p ar
e tra
nsfe
rred
to
the
less
ee.
All
othe
r le
ases
are
cla
ssifi
ed a
s op
erat
ing
leas
es.
At
the
com
men
cem
ent o
f the
leas
e te
rm, a
fina
nce
leas
e is
reco
gnis
ed a
s an
ass
et a
nd a
s a
liabi
lity
in th
e st
atem
ent o
f fin
anci
al p
ositi
on a
t am
ount
s eq
ual t
o th
e fa
ir va
lue
of th
e le
ased
ass
et o
r, if
low
er, t
he p
rese
nt v
alue
of t
he m
inim
um le
ase
paym
ents
, eac
h m
easu
red
at th
e in
cept
ion
of
the
leas
e. T
he d
isco
unt
rate
use
d in
cal
cula
ting
the
pres
ent
valu
e of
the
min
imum
lea
se
paym
ents
is
the
inte
rest
rat
e im
plic
it in
the
lea
se,
if th
is i
s pr
actic
able
to
dete
rmin
e, t
he
less
ee’s
incr
emen
tal b
orro
win
g ra
te is
use
d. A
ny in
itial
dire
ct c
osts
of t
he le
ssee
are
add
ed to
th
e am
ount
rec
ogni
sed
as a
n as
set.
The
exce
ss o
f th
e le
ase
paym
ents
ove
r th
e re
cord
ed
leas
e lia
bilit
y ar
e tre
ated
as
finan
ce c
harg
es w
hich
are
allo
cate
d to
eac
h re
porti
ng y
ear d
urin
g th
e le
ase
term
so
as to
pro
duce
a c
onst
ant p
erio
dic
rate
of i
nter
est o
n th
e re
mai
ning
bal
ance
of
the
liabi
lity.
Con
tinge
nt re
nts
are
char
ged
as e
xpen
ses
in th
e re
porti
ng y
ears
in w
hich
they
ar
e in
curr
ed.
The
asse
ts a
re d
epre
ciat
ed a
s ow
ned
depr
ecia
ble
asse
ts.
Leas
es w
here
the
le
ssor
effe
ctiv
ely
reta
ins
subs
tant
ially
all
the
risks
and
ben
efits
of
owne
rshi
p of
the
lea
sed
asse
ts
are
clas
sifie
d as
op
erat
ing
leas
es.
For
oper
atin
g le
ases
, le
ase
paym
ents
ar
e re
cogn
ised
as
an e
xpen
se i
n pr
ofit
or l
oss
on a
stra
ight
–lin
e ba
sis
over
the
ter
m o
f th
e re
leva
nt l
ease
unl
ess
anot
her
syst
emat
ic b
asis
is r
epre
sent
ativ
e of
the
tim
e pa
ttern
of
the
user
's b
enef
it, e
ven
if th
e pa
ymen
ts a
re n
ot o
n th
at b
asis
. Le
ase
ince
ntiv
es r
ecei
ved
are
reco
gnis
ed in
sta
tem
ent o
f fin
anci
al a
ctiv
ities
as
an in
tegr
al p
art o
f the
tota
l lea
se e
xpen
se.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
16
2.
Sign
ifica
nt a
ccou
ntin
g po
licie
s an
d ot
her e
xpla
nato
ry in
form
atio
n (c
ont’d
) 2A
. Si
gnifi
cant
acc
ount
ing
polic
ies
(con
t’d)
Leas
es (c
ont’d
) R
enta
l inc
ome
from
ope
ratin
g le
ases
is r
ecog
nise
d in
pro
fit o
r lo
ss o
n a
stra
ight
-line
bas
is
over
the
term
of
the
rele
vant
leas
e un
less
ano
ther
sys
tem
atic
bas
is is
rep
rese
ntat
ive
of t
he
time
patte
rn o
f the
use
r's b
enef
it, e
ven
if th
e pa
ymen
ts a
re n
ot o
n th
at b
asis
. In
itial
dire
ct c
ost
incu
rred
in n
egot
iatin
g an
d ar
rang
ing
an o
pera
ting
leas
e ar
e ad
ded
to th
e ca
rryin
g am
ount
of
the
leas
ed a
sset
and
reco
gnis
ed o
n a
stra
ight
-line
bas
is o
ver t
he le
ase
term
. Im
pairm
ent o
f non
–fin
anci
al a
sset
s
Irres
pect
ive
of w
heth
er t
here
is a
ny in
dica
tion
of im
pairm
ent,
an a
nnua
l im
pairm
ent
test
is
perfo
rmed
at t
he s
ame
time
ever
y ye
ar o
n an
inta
ngib
le a
sset
with
an
inde
finite
use
ful l
ife o
r an
int
angi
ble
asse
t no
t ye
t av
aila
ble
for
use.
The
car
ryin
g am
ount
of
othe
r no
n–fin
anci
al
asse
ts is
rev
iew
ed a
t eac
h en
d of
the
repo
rting
yea
r fo
r in
dica
tions
of i
mpa
irmen
t and
whe
re
an a
sset
is
impa
ired,
it
is w
ritte
n do
wn
thro
ugh
the
stat
emen
t of
fin
anci
al a
ctiv
ities
to
its
estim
ated
reco
vera
ble
amou
nt. T
he im
pairm
ent l
oss
is th
e ex
cess
of t
he c
arry
ing
amou
nt o
ver
the
reco
vera
ble
amou
nt a
nd i
s re
cogn
ised
in
the
stat
emen
t of
fin
anci
al a
ctiv
ities
. Th
e re
cove
rabl
e am
ount
of a
n as
set o
r a
cash
–gen
erat
ing
unit
is th
e hi
gher
of i
ts fa
ir va
lue
less
co
sts
to s
ell a
nd it
s va
lue
in u
se.
Whe
n th
e fa
ir va
lue
less
cos
ts to
sel
l met
hod
is u
sed,
any
av
aila
ble
rece
nt m
arke
t tra
nsac
tions
are
tak
en i
nto
cons
ider
atio
n. W
hen
the
valu
e in
use
m
etho
d is
ado
pted
, in
ass
essi
ng t
he v
alue
in
use,
the
est
imat
ed f
utur
e ca
sh f
low
s ar
e di
scou
nted
to
thei
r pr
esen
t va
lue
usin
g a
pre–
tax
disc
ount
rat
e th
at r
efle
cts
curr
ent
mar
ket
asse
ssm
ents
of t
he ti
me
valu
e of
mon
ey a
nd th
e ris
ks s
peci
fic to
the
asse
t. Fo
r the
pur
pose
s of
ass
essi
ng i
mpa
irmen
t, as
sets
are
gro
uped
at
the
low
est
leve
ls f
or w
hich
the
re a
re
sepa
rate
ly id
entif
iabl
e ca
sh fl
ows
(cas
h–ge
nera
ting
units
). A
t eac
h en
d of
the
repo
rting
yea
r no
n–fin
anci
al a
sset
s ot
her
than
goo
dwill
with
impa
irmen
t los
s re
cogn
ised
in p
rior
perio
ds a
re
asse
ssed
for
poss
ible
rev
ersa
l of t
he im
pairm
ent.
An
impa
irmen
t los
s is
rev
erse
d on
ly to
the
exte
nt th
at th
e as
set’s
car
ryin
g am
ount
doe
s no
t exc
eed
the
carry
ing
amou
nt th
at w
ould
hav
e be
en d
eter
min
ed,
net
of d
epre
ciat
ion
or a
mor
tisat
ion,
if
no i
mpa
irmen
t lo
ss h
ad b
een
reco
gnis
ed.
Fina
ncia
l ass
ets
Initi
al re
cogn
ition
, mea
sure
men
t and
der
ecog
nitio
n:
A fi
nanc
ial a
sset
is r
ecog
nise
d on
the
stat
emen
t of f
inan
cial
pos
ition
s w
hen,
and
onl
y w
hen,
th
e A
ssoc
iatio
n be
com
es a
par
ty t
o th
e co
ntra
ctua
l pro
visi
ons
of th
e in
stru
men
t. T
he in
itial
re
cogn
ition
of f
inan
cial
ass
ets
is a
t fai
r va
lue
norm
ally
rep
rese
nted
by
the
trans
actio
n pr
ice.
Th
e tra
nsac
tion
pric
e fo
r fin
anci
al a
sset
not
cla
ssifi
ed a
t fa
ir va
lue
thro
ugh
prof
it or
los
s in
clud
es t
he t
rans
actio
n co
sts
that
are
dire
ctly
attr
ibut
able
to
the
acqu
isiti
on o
r is
sue
of t
he
finan
cial
ass
et.
Tran
sact
ion
cost
s in
curre
d on
the
acq
uisi
tion
or i
ssue
of
finan
cial
ass
ets
clas
sifie
d at
fai
r va
lue
thro
ugh
prof
it or
loss
is e
xpen
sed
imm
edia
tely
. Th
e tra
nsac
tions
are
re
cord
ed a
t the
trad
e da
te.
Irr
espe
ctiv
e of
the
lega
l for
m o
f the
tran
sact
ions
per
form
ed, f
inan
cial
ass
ets
are
dere
cogn
ised
w
hen
they
pas
s th
e “s
ubst
ance
ove
r for
m” b
ased
on
the
dere
cogn
ition
test
pre
scrib
ed b
y FR
S
39 r
elat
ing
to t
he t
rans
fer
of r
isks
and
rew
ards
of
owne
rshi
p an
d th
e tra
nsfe
r of
con
trol.
Fina
ncia
l as
sets
and
fin
anci
al l
iabi
litie
s ar
e of
fset
and
the
net
am
ount
is
repo
rted
in t
he
stat
emen
t of
fin
anci
al p
ositi
on i
f th
ere
is c
urre
ntly
a l
egal
ly e
nfor
ceab
le r
ight
to
offs
et t
he
reco
gnis
ed a
mou
nts
and
ther
e is
an
inte
ntio
n to
set
tle o
n a
net b
asis
, to
real
ise
the
asse
ts a
nd
settl
e th
e lia
bilit
ies
sim
ulta
neou
sly.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
17
2.
Sign
ifica
nt a
ccou
ntin
g po
licie
s an
d ot
her e
xpla
nato
ry in
form
atio
n (c
ont’d
) 2A
. Si
gnifi
cant
acc
ount
ing
polic
ies
(con
t’d)
Fina
ncia
l ass
ets
(con
t’d)
Sub
sequ
ent
mea
sure
men
t ba
sed
on t
he c
lass
ifica
tion
of t
he f
inan
cial
ass
ets
in o
ne o
f th
e fo
llow
ing
four
cat
egor
ies
unde
r FR
S 3
9 is
as
follo
ws:
1.
Fi
nanc
ial a
sset
s at
fair
valu
e th
roug
h pr
ofit
or lo
ss: A
s at
end
of t
he re
porti
ng y
ear d
ate,
th
ere
wer
e no
fina
ncia
l ass
ets
clas
sifie
d in
this
cat
egor
y.
2.
Lo
ans
and
rece
ivab
les:
Loa
ns a
nd r
ecei
vabl
es a
re n
on–d
eriv
ativ
e fin
anci
al a
sset
s w
ith fi
xed
or d
eter
min
able
pay
men
ts th
at a
re n
ot q
uote
d in
an
activ
e m
arke
t. A
sset
s th
at a
re f
or s
ale
imm
edia
tely
or
in t
he n
ear
term
are
not
cla
ssifi
ed in
thi
s ca
tego
ry.
Thes
e as
sets
are
car
ried
at a
mor
tised
cos
ts u
sing
the
effe
ctiv
e in
tere
st m
etho
d (e
xcep
t th
at s
hort–
dura
tion
rece
ivab
les
with
no
stat
ed i
nter
est
rate
are
nor
mal
ly
mea
sure
d at
orig
inal
invo
ice
amou
nt u
nles
s th
e ef
fect
of
impu
ting
inte
rest
wou
ld b
e si
gnifi
cant
) m
inus
any
red
uctio
n (d
irect
ly o
r th
roug
h th
e us
e of
an
allo
wan
ce a
ccou
nt)
for
impa
irmen
t or
unco
llect
ibili
ty. I
mpa
irmen
t cha
rges
are
pro
vide
d on
ly w
hen
ther
e is
ob
ject
ive
evid
ence
tha
t an
impa
irmen
t lo
ss h
as b
een
incu
rred
as
a re
sult
of o
ne o
r m
ore
even
ts th
at o
ccur
red
afte
r th
e in
itial
rec
ogni
tion
of th
e as
set (
a ‘lo
ss e
vent
’) an
d th
at lo
ss e
vent
(or
eve
nts)
has
an
impa
ct o
n th
e es
timat
ed f
utur
e ca
sh f
low
s of
the
fin
anci
al a
sset
or
grou
p of
fin
anci
al a
sset
s th
at c
an b
e re
liabl
y es
timat
ed.
The
m
etho
dolo
gy
ensu
res
that
an
im
pairm
ent
loss
is
no
t re
cogn
ised
on
th
e in
itial
re
cogn
ition
of a
n as
set.
Los
ses
expe
cted
as
a re
sult
of fu
ture
eve
nts,
no
mat
ter
how
lik
ely,
are
not
reco
gnis
ed. F
or im
pairm
ent,
the
carr
ying
am
ount
of t
he a
sset
is re
duce
d th
roug
h us
e of
an
allo
wan
ce a
ccou
nt. T
he a
mou
nt o
f the
loss
is re
cogn
ised
in p
rofit
or
loss
. A
n im
pairm
ent
loss
is r
ever
sed
if th
e re
vers
al c
an b
e re
late
d ob
ject
ivel
y to
an
even
t oc
curr
ing
afte
r th
e im
pairm
ent
loss
was
rec
ogni
sed.
Typ
ical
ly t
he t
rade
and
ot
her r
ecei
vabl
es a
re c
lass
ified
in th
is c
ateg
ory.
3.
Hel
d–to
–mat
urity
fina
ncia
l ass
ets:
As
at e
nd o
f the
rep
ortin
g ye
ar d
ate,
ther
e w
ere
no
finan
cial
ass
ets
clas
sifie
d in
this
cat
egor
y.
4.
A
vaila
ble
for
sale
fina
ncia
l ass
ets:
As
at e
nd o
f the
rep
ortin
g ye
ar d
ate,
ther
e w
ere
no
finan
cial
ass
ets
clas
sifie
d in
this
cat
egor
y.
Cas
h an
d ca
sh e
quiv
alen
ts
Cas
h an
d ca
sh e
quiv
alen
ts in
clud
e ba
nk a
nd c
ash
bala
nces
, on
dem
and
depo
sits
and
any
hi
ghly
liqu
id d
ebt i
nstru
men
ts p
urch
ased
with
an
orig
inal
mat
urity
of t
hree
mon
ths
or le
ss.
For
the
stat
emen
t of c
ash
flow
s th
e ite
m in
clud
es c
ash
and
cash
equ
ival
ents
less
cas
h su
bjec
t to
rest
rictio
n an
d ba
nk o
verd
rafts
pay
able
on
dem
and
(if a
ny)
that
form
an
inte
gral
par
t of c
ash
man
agem
ent.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
18
2.
Sign
ifica
nt a
ccou
ntin
g po
licie
s an
d ot
her e
xpla
nato
ry in
form
atio
n (c
ont’d
) 2A
. Si
gnifi
cant
acc
ount
ing
polic
ies
(con
t’d)
Fi
nanc
ial l
iabi
litie
s In
itial
reco
gniti
on, m
easu
rem
ent a
nd d
erec
ogni
tion:
A
fina
ncia
l lia
bilit
y is
reco
gnis
ed o
n th
e st
atem
ent o
f fin
anci
al p
ositi
on w
hen,
and
onl
y w
hen,
th
e A
ssoc
iatio
n be
com
es a
par
ty t
o th
e co
ntra
ctua
l pro
visi
ons
of t
he in
stru
men
t an
d it
is
dere
cogn
ised
whe
n th
e ob
ligat
ion
spec
ified
in
the
cont
ract
is
disc
harg
ed o
r ca
ncel
led
or
expi
red.
The
initi
al r
ecog
nitio
n of
fin
anci
al li
abili
ty is
at
fair
valu
e no
rmal
ly r
epre
sent
ed b
y th
e tra
nsac
tion
pric
e. T
he t
rans
actio
n pr
ice
for
finan
cial
liab
ility
not
cla
ssifi
ed a
t fa
ir va
lue
thro
ugh
prof
it or
los
s in
clud
es t
he t
rans
actio
n co
sts
that
are
dire
ctly
attr
ibut
able
to
the
acqu
isiti
on o
r is
sue
of th
e fin
anci
al li
abili
ty. T
rans
actio
n co
sts
incu
rred
on
the
acqu
isiti
on o
r is
sue
of
finan
cial
lia
bilit
y cl
assi
fied
at
fair
valu
e th
roug
h pr
ofit
or
loss
is
ex
pens
ed
imm
edia
tely
. The
tran
sact
ions
are
rec
orde
d at
the
trade
dat
e.
Fina
ncia
l lia
bilit
ies
incl
udin
g ba
nk
and
othe
r bo
rrow
ings
ar
e cl
assi
fied
as
curr
ent
liabi
litie
s un
less
th
ere
is
an
unco
nditi
onal
rig
ht to
def
er s
ettle
men
t of t
he li
abili
ty fo
r at
leas
t 12
mon
ths
afte
r th
e en
d of
th
e re
porti
ng y
ear.
Sub
sequ
ent m
easu
rem
ent b
ased
on
the
clas
sific
atio
n of
the
finan
cial
liab
ilitie
s in
one
of t
he
follo
win
g tw
o ca
tego
ries
unde
r FR
S 3
9 is
as
follo
ws:
1.
Li
abili
ties
at fa
ir va
lue
thro
ugh
prof
it or
loss
: Lia
bilit
ies
are
clas
sifie
d in
this
cat
egor
y w
hen
they
are
incu
rred
prin
cipa
lly f
or t
he p
urpo
se o
f se
lling
or
repu
rcha
sing
in t
he
near
ter
m (
tradi
ng l
iabi
litie
s) o
r ar
e de
rivat
ives
(ex
cept
for
a d
eriv
ativ
e th
at i
s a
desi
gnat
ed a
nd e
ffect
ive
hedg
ing
inst
rum
ent)
or h
ave
been
cla
ssifi
ed in
this
cat
egor
y be
caus
e th
e co
nditi
ons
are
met
to u
se th
e “fa
ir va
lue
optio
n” a
nd it
is u
sed.
Fin
anci
al
guar
ante
e co
ntra
cts
if si
gnifi
cant
ar
e in
itial
ly
reco
gnis
ed
at
fair
valu
e an
d ar
e su
bseq
uent
ly m
easu
red
at t
he g
reat
er o
f (a
) th
e am
ount
det
erm
ined
in a
ccor
danc
e w
ith
FRS
37
an
d (b
) th
e am
ount
in
itial
ly
reco
gnis
ed
less
, w
here
ap
prop
riate
, cu
mul
ativ
e am
ortis
atio
n re
cogn
ised
in a
ccor
danc
e w
ith F
RS
18.
All
chan
ges
in f
air
valu
e re
latin
g to
liab
ilitie
s at
fair
valu
e th
roug
h pr
ofit
or lo
ss a
re c
harg
ed t
o pr
ofit
or
loss
as
incu
rred.
As
at e
nd o
f th
e re
porti
ng y
ear,
ther
e w
ere
no f
inan
cial
liab
ilitie
s cl
assi
fied
in th
is c
ateg
ory.
2.
O
ther
fin
anci
al l
iabi
litie
s: A
ll lia
bilit
ies,
whi
ch h
ave
not
been
cla
ssifi
ed i
n th
e pr
evio
us c
ateg
ory
fall
into
thi
s re
sidu
al c
ateg
ory.
The
se l
iabi
litie
s ar
e ca
rrie
d at
am
ortis
ed c
ost
usin
g th
e ef
fect
ive
inte
rest
met
hod.
Tra
de a
nd o
ther
pay
able
s an
d bo
rrow
ings
are
usu
ally
cla
ssifi
ed i
n th
is c
ateg
ory.
Ite
ms
clas
sifie
d w
ithin
cur
rent
tra
de a
nd o
ther
pay
able
s ar
e no
t usu
ally
re–
mea
sure
d, a
s th
e ob
ligat
ion
is u
sual
ly
know
n w
ith a
hig
h de
gree
of c
erta
inty
and
set
tlem
ent i
s sh
ort–
term
.
64 65| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
19
2.
Sign
ifica
nt a
ccou
ntin
g po
licie
s an
d ot
her e
xpla
nato
ry in
form
atio
n (c
ont’d
) 2A
. Si
gnifi
cant
acc
ount
ing
polic
ies
(con
t’d)
Fair
valu
e m
easu
rem
ent
Fair
valu
e is
take
n to
be
the
pric
e th
at w
ould
be
rece
ived
to s
ell a
n as
set o
r pai
d to
tran
sfer
a
liabi
lity
in a
n or
derly
tran
sact
ion
betw
een
mar
ket p
artic
ipan
ts a
t the
mea
sure
men
t dat
e (th
at
is,
an e
xit
pric
e).
It is
a m
arke
t–ba
sed
mea
sure
men
t, no
t an
ent
ity–s
peci
fic m
easu
rem
ent.
Whe
n m
easu
ring
fair
valu
e, m
anag
emen
t us
es t
he a
ssum
ptio
ns t
hat
mar
ket
parti
cipa
nts
wou
ld u
se w
hen
pric
ing
the
asse
t or
lia
bilit
y un
der
curr
ent
mar
ket
cond
ition
s, i
nclu
ding
as
sum
ptio
ns a
bout
risk
. Th
e en
tity’
s in
tent
ion
to h
old
an a
sset
or t
o se
ttle
or o
ther
wis
e fu
lfil a
lia
bilit
y is
not
tak
en in
to a
ccou
nt a
s re
leva
nt w
hen
mea
surin
g fa
ir va
lue.
In
mak
ing
the
fair
valu
e m
easu
rem
ent,
man
agem
ent d
eter
min
es th
e fo
llow
ing:
(a) t
he p
artic
ular
ass
et o
r lia
bilit
y be
ing
mea
sure
d (th
ese
are
iden
tifie
d an
d di
sclo
sed
in t
he r
elev
ant
note
s be
low
); (b
) fo
r a
non–
finan
cial
ass
et, t
he h
ighe
st a
nd b
est u
se o
f the
ass
et a
nd w
heth
er th
e as
set i
s us
ed in
co
mbi
natio
n w
ith o
ther
ass
ets
or o
n a
stan
d–al
one
basi
s; (
c) th
e m
arke
t in
whi
ch a
n or
derly
tra
nsac
tion
wou
ld t
ake
plac
e fo
r th
e as
set
or l
iabi
lity;
and
(d)
the
app
ropr
iate
val
uatio
n te
chni
ques
to
use
whe
n m
easu
ring
fair
valu
e. T
he v
alua
tion
tech
niqu
es u
sed
max
imis
e th
e us
e of
rel
evan
t ob
serv
able
inp
uts
and
min
imis
e un
obse
rvab
le i
nput
s. T
hese
inp
uts
are
cons
iste
nt w
ith th
e in
puts
a m
arke
t par
ticip
ant m
ay u
se w
hen
pric
ing
the
asse
t or l
iabi
lity.
Th
e fa
ir va
lue
mea
sure
men
ts a
nd r
elat
ed d
iscl
osur
es c
ateg
oris
e th
e in
puts
to
valu
atio
n te
chni
ques
use
d to
mea
sure
fair
valu
e by
usi
ng a
fair
valu
e hi
erar
chy
of th
ree
leve
ls. T
hese
ar
e re
curri
ng f
air
valu
e m
easu
rem
ents
unl
ess
stat
ed o
ther
wis
e in
the
rel
evan
t no
tes
to t
he
finan
cial
sta
tem
ents
. Le
vel
1 in
puts
are
quo
ted
pric
es (
unad
just
ed)
in a
ctiv
e m
arke
ts f
or
iden
tical
ass
ets
or l
iabi
litie
s th
at t
he e
ntity
can
acc
ess
at t
he m
easu
rem
ent
date
. Le
vel
2 in
puts
are
inpu
ts o
ther
than
quo
ted
pric
es in
clud
ed w
ithin
Lev
el 1
that
are
obs
erva
ble
for
the
asse
t or
liab
ility,
eith
er d
irect
ly o
r in
dire
ctly
. Le
vel 3
inpu
ts a
re u
nobs
erva
ble
inpu
ts f
or t
he
asse
t or l
iabi
lity.
The
leve
l is
mea
sure
d on
the
basi
s of
the
low
est l
evel
inpu
t tha
t is
sign
ifica
nt
to t
he f
air
valu
e m
easu
rem
ent
in i
ts e
ntire
ty.
Tran
sfer
s be
twee
n le
vels
of
the
fair
valu
e hi
erar
chy
are
deem
ed t
o ha
ve o
ccur
red
at th
e be
ginn
ing
of th
e re
porti
ng y
ear.
If a
finan
cial
in
stru
men
t mea
sure
d at
fair
valu
e ha
s a
bid
pric
e an
d an
ask
pric
e, th
e pr
ice
with
in th
e bi
d–as
k sp
read
or m
id–m
arke
t pric
ing
that
is m
ost r
epre
sent
ativ
e of
fair
valu
e in
the
circ
umst
ance
s is
use
d to
mea
sure
fair
valu
e re
gard
less
of w
here
the
inpu
t is
cate
goris
ed w
ithin
the
fair
valu
e hi
erar
chy.
If
ther
e is
no
mar
ket,
or t
he m
arke
ts a
vaila
ble
are
not
activ
e, t
he f
air
valu
e is
es
tabl
ishe
d by
usi
ng a
n ac
cept
able
val
uatio
n te
chni
que.
Th
e ca
rryin
g va
lues
of c
urre
nt fi
nanc
ial i
nstru
men
ts a
ppro
xim
ate
thei
r fa
ir va
lues
due
to
the
shor
t–te
rm m
atur
ity o
f the
se in
stru
men
ts a
nd th
e di
sclo
sure
s of
fair
valu
e ar
e no
t mad
e w
hen
the
carr
ying
am
ount
of c
urre
nt fi
nanc
ial i
nstru
men
ts is
a r
easo
nabl
e ap
prox
imat
ion
of th
e fa
ir va
lue.
The
fai
r va
lues
of
non–
curre
nt f
inan
cial
inst
rum
ents
may
not
be
disc
lose
d se
para
tely
un
less
ther
e ar
e si
gnifi
cant
diff
eren
ces
at th
e en
d of
the
repo
rting
yea
r an
d in
the
even
t the
fa
ir va
lues
are
dis
clos
ed in
the
rele
vant
not
es to
the
finan
cial
sta
tem
ents
. In
vent
orie
s In
vent
orie
s co
mpr
isin
g ed
ucat
iona
l mat
eria
ls a
nd u
nifo
rms
are
mea
sure
d at
the
low
er o
f cos
t (fi
rst i
n fir
st o
ut m
etho
d) a
nd n
et re
alis
able
val
ue. N
et re
alis
able
val
ue is
the
estim
ated
sel
ling
pric
e in
the
ord
inar
y co
urse
of
busi
ness
les
s th
e es
timat
ed c
osts
of
com
plet
ion
and
the
estim
ated
cos
ts n
eces
sary
to m
ake
the
sale
. A w
rite
dow
n on
cos
t is
mad
e fo
r whe
re th
e co
st
is n
ot r
ecov
erab
le o
r if
the
selli
ng p
rices
hav
e de
clin
ed. C
ost i
nclu
des
all c
osts
of p
urch
ase,
co
sts
of c
onve
rsio
n an
d ot
her
cost
s in
curr
ed i
n br
ingi
ng t
he i
nven
torie
s to
the
ir pr
esen
t lo
catio
n an
d co
nditi
on.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
20
2.
Sign
ifica
nt a
ccou
ntin
g po
licie
s an
d ot
her e
xpla
nato
ry in
form
atio
n (c
ont’d
) 2A
. Si
gnifi
cant
acc
ount
ing
polic
ies
(con
t’d)
Fund
s Fu
nd b
alan
ces
rest
ricte
d by
out
side
sou
rces
are
so
indi
cate
d an
d ar
e di
stin
guis
hed
from
un
rest
ricte
d fu
nds
allo
cate
d to
sp
ecifi
c pu
rpos
es
if an
y by
ac
tion
of
the
Exe
cutiv
e M
anag
emen
t. E
xter
nally
rest
ricte
d fu
nds
may
onl
y be
util
ised
in a
ccor
danc
e w
ith th
e pu
rpos
es
esta
blis
hed
by th
e so
urce
of s
uch
fund
s or
thro
ugh
the
term
s of
an
appe
al a
nd a
re in
con
trast
w
ith u
nres
trict
ed fu
nds
over
whi
ch E
xecu
tive
Com
mitt
ee re
tain
s fu
ll co
ntro
l to
use
in a
chie
ving
an
y of
its
inst
itutio
nal p
urpo
ses.
A
n ex
pens
e re
sulti
ng fr
om th
e op
erat
ing
activ
ities
of a
fund
th
at is
dire
ctly
attr
ibut
able
to th
e fu
nd is
cha
rged
to th
at fu
nd. C
omm
on e
xpen
ses
if an
y ar
e al
loca
ted
on a
rea
sona
ble
basi
s to
the
fun
ds b
ased
on
a m
etho
d m
ost
suita
ble
to t
hat
com
mon
exp
ense
. M
onie
s re
ceiv
ed w
here
the
Ass
ocia
tion
is n
ot th
e ow
ner
and
bene
ficia
ry is
acc
ount
ed fo
r as
tru
st f
und.
The
rec
eipt
s an
d pa
ymen
ts i
n re
spec
t of
tru
st f
unds
are
tak
en d
irect
ly t
o th
e st
atem
ent
of f
inan
cial
act
iviti
es a
nd t
he n
et a
sset
s re
latin
g to
the
se f
unds
are
sho
wn
as
sepa
rate
line
in th
e st
atem
ent o
f fin
anci
al p
ositi
on.
Prov
isio
ns
A li
abili
ty o
r pr
ovis
ion
is r
ecog
nise
d w
hen
ther
e is
a p
rese
nt o
blig
atio
n (le
gal o
r co
nstru
ctiv
e)
as a
res
ult o
f a p
ast e
vent
, it i
s pr
obab
le th
at a
n ou
tflow
of r
esou
rces
em
body
ing
econ
omic
be
nefit
s w
ill b
e re
quire
d to
set
tle t
he o
blig
atio
n an
d a
relia
ble
estim
ate
can
be m
ade
of t
he
amou
nt o
f the
obl
igat
ion.
A p
rovi
sion
is m
ade
usin
g be
st e
stim
ates
of t
he a
mou
nt r
equi
red
in
settl
emen
t and
whe
re th
e ef
fect
of t
he ti
me
valu
e of
mon
ey is
mat
eria
l, th
e am
ount
reco
gnis
ed
is th
e pr
esen
t val
ue o
f the
exp
endi
ture
s ex
pect
ed to
be
requ
ired
to s
ettle
the
oblig
atio
n us
ing
a pr
e–ta
x ra
te th
at r
efle
cts
curre
nt m
arke
t ass
essm
ents
of t
he ti
me
valu
e of
mon
ey a
nd th
e ris
ks s
peci
fic t
o th
e ob
ligat
ion.
The
inc
reas
e in
the
pro
visi
on d
ue t
o pa
ssag
e of
tim
e is
re
cogn
ised
as
inte
rest
exp
ense
. C
hang
es in
est
imat
es a
re r
efle
cted
in p
rofit
or
loss
in t
he
repo
rting
yea
r the
y oc
cur.
2B
. C
ritic
al ju
dgem
ents
, ass
umpt
ions
and
est
imat
ion
unce
rtai
ntie
s Th
ere
wer
e no
crit
ical
judg
emen
ts m
ade
in t
he p
roce
ss o
f ap
plyi
ng t
he a
ccou
ntin
g po
licie
s th
at h
ave
the
mos
t sig
nific
ant e
ffect
on
the
amou
nts
reco
gnis
ed in
the
fina
ncia
l sta
tem
ents
. Th
ere
wer
e no
key
ass
umpt
ions
con
cern
ing
the
futu
re, a
nd o
ther
key
sou
rces
of e
stim
atio
n un
certa
inty
at t
he e
nd o
f the
rep
ortin
g ye
ar, t
hat h
ave
a si
gnifi
cant
ris
k of
cau
sing
a m
ater
ial
adju
stm
ent t
o th
e ca
rryin
g am
ount
s of
ass
ets
and
liabi
litie
s w
ithin
the
next
repo
rting
yea
r.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
21
3.
Rel
ated
par
ty re
latio
nshi
ps a
nd tr
ansa
ctio
ns
FRS
24
on r
elat
ed p
arty
dis
clos
ures
requ
ires
the
repo
rting
ent
ity to
dis
clos
e: (
a) tr
ansa
ctio
ns
with
its
rela
ted
parti
es; a
nd (b
) rel
atio
nshi
ps b
etw
een
any
mem
ber o
f the
gro
up ir
resp
ectiv
e of
w
heth
er th
ere
have
bee
n tra
nsac
tions
bet
wee
n th
ose
rela
ted
parti
es.
A p
arty
is r
elat
ed to
a
party
if th
e pa
rty c
ontro
ls, o
r is
con
trolle
d by
, or
can
sign
ifica
ntly
influ
ence
or
is s
igni
fican
tly
influ
ence
d by
the
othe
r par
ty.
A
rela
ted
party
in
clud
es
the
mem
bers
of
th
e A
ssoc
iatio
n’s
Exe
cutiv
e C
omm
ittee
an
d M
anag
emen
t Com
mitt
ee o
f the
resp
ectiv
e sc
hool
s. K
ey m
anag
emen
t per
sonn
el a
re th
e C
hief
E
xecu
tive
Offi
cer,
prin
cipa
ls, v
ice–
prin
cipa
ls, C
FA c
entre
dire
ctor
and
hea
ds o
f dep
artm
ent o
f th
e A
ssoc
iatio
n an
d re
spec
tive
scho
ols.
It
is n
ot th
e no
rmal
pra
ctic
e fo
r the
trus
tees
/offi
ce b
eare
rs, o
r peo
ple
conn
ecte
d w
ith th
em, t
o re
ceiv
e re
mun
erat
ion,
or
othe
r be
nefit
s, fr
om th
e A
ssoc
iatio
n fo
r w
hich
they
are
res
pons
ible
, or
from
inst
itutio
ns c
onne
cted
with
the
Asso
ciat
ion.
3A
. E
xpen
ses
incu
rred
by E
xecu
tive
Com
mitt
ee m
embe
rs
Ther
e ar
e tra
nsac
tions
and
arr
ange
men
ts fo
r m
embe
rs o
f the
gro
up a
nd th
e ef
fect
s of
thes
e on
the
basi
s de
term
ined
bet
wee
n th
e pa
rties
are
refle
cted
in th
ese
finan
cial
sta
tem
ents
.
20
16
20
15
$
$
Cou
rses
atte
nded
by
Exe
cutiv
e C
omm
ittee
mem
bers
for
the
purp
ose
of th
e A
ssoc
iatio
n 4,
653
1,
201
Exc
ept f
or th
e co
urse
s at
tend
ed a
nd re
imbu
rsem
ent o
f exp
ense
s as
dis
clos
ed, a
ll m
embe
rs o
f th
e E
xecu
tive
Com
mitt
ee a
re v
olun
teer
s an
d re
ceiv
e no
mon
etar
y re
mun
erat
ion
for
thei
r co
ntrib
utio
ns.
3B.
Key
man
agem
ent c
ompe
nsat
ion:
2016
2015
$
$
S
alar
ies
and
othe
r sho
rt–te
rm e
mpl
oyee
s be
nefit
s 3,
208,
946
3,
283,
543
Num
ber o
f key
man
agem
ent i
n co
mpe
nsat
ion
band
s:
20
16
20
15
$100
,000
and
abo
ve
14
13
$1
00,0
00 a
nd b
elow
15
19
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
22
3.
Rel
ated
par
ty re
latio
nshi
ps a
nd tr
ansa
ctio
ns (c
ont’d
) 3B
. K
ey m
anag
emen
t com
pens
atio
n: (c
ont’d
) K
ey m
anag
emen
t pe
rson
nel a
re t
he C
hief
Exe
cutiv
e of
ficer
, pr
inci
pals
, C
FA c
entre
dire
ctor
an
d he
ads
of d
epar
tmen
t ha
ving
aut
horit
y an
d re
spon
sibi
lity
for
plan
ning
, di
rect
ing
and
cont
rolli
ng t
he a
ctiv
ities
of
the
Ass
ocia
tion
dire
ctly
or
indi
rect
ly.
The
abov
e am
ount
s fo
r ke
y m
anag
emen
t co
mpe
nsat
ion
are
for
the
Chi
ef E
xecu
tive
Offi
cer,
prin
cipa
ls,
vice
–prin
cipa
ls,
CFA
cen
tre d
irect
or a
nd h
eads
of d
epar
tmen
t of t
he A
ssoc
iatio
n an
d re
spec
tive
scho
ols.
4.
Ope
ratin
g gr
ants
rece
ived
Fund
ing
from
MO
E,
NC
SS a
nd M
SF i
s on
a “
per
capi
ta”
basi
s ba
sed
on t
he n
umbe
r of
st
uden
ts /
clie
nts
enro
lled
durin
g th
e ye
ar.
Fu
ndin
g fo
r Sch
ools
is fr
om M
OE
and
NC
SS
, for
CFA
is fr
om N
CS
S a
nd M
SF,
and
for A
PSN
St
uden
t Car
e C
entre
(“SC
C”)
is fr
om C
omm
unity
Dev
elop
men
t Cou
ncil
(“C
DC
”).
5.
Spec
ial p
urpo
se g
rant
s
20
16
20
15
$
$
Nat
iona
l Cou
ncil
of S
ocia
l Ser
vice
(“N
CSS
”)
–
Ope
ratin
g gr
ant (
NC
SS
Com
mun
ity F
undi
ng fo
r S.E
.T.)
6,53
4,07
0
5,53
5,41
4 –
Ope
ratin
g gr
ant (
Com
mun
ity C
hest
Fun
ding
) 51
0,14
6
534,
428
– H
Q c
ost a
lloca
tion
586,
429
53
2,22
5 –
SPE
D F
inan
cial
Ass
ista
nce
Sche
me
– N
CS
S Sh
are
53,2
75
48
,338
P
rovi
sion
for u
nder
(ov
er) f
undi
ng
39,7
74
(5
0,55
4)
7,
723,
694
6,
599,
851
Min
istry
of E
duca
tion
(“M
OE
”)
– O
pera
ting
gran
ts
18,0
11,5
54
15
,002
,294
18,0
11,5
54
15
,002
,294
Min
istry
of S
ocia
l and
Fam
ily D
evel
opm
ent (
“MSF
”) /
Com
mun
ity D
evel
opm
ent C
ounc
il (“C
DC
”)
– O
pera
ting
gran
ts
574,
893
55
8,85
3
574,
893
55
8,85
3
20
16
20
15
$
$
MO
E S
econ
dmen
t Fun
d 24
1,46
3
198,
301
Pro
visi
on o
f Adm
inis
trativ
e M
anag
ers
356,
496
33
7,39
6 S
PED
Fin
anci
al A
ssis
tanc
e S
chem
e –
MO
E S
hare
88
,792
80,5
65
Sch
ool B
reak
fast
Pro
gram
me
24,8
15
15
,585
C
ontra
ct T
each
ing
Res
ourc
es
153,
052
15
2,97
8 E
xam
inat
ion
Fee
Subs
idy
4,51
6
–
869,
134
78
4,82
5
66 67| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
23
6.
Empl
oyee
sal
arie
s an
d be
nefit
s
2016
2015
$
$
S
alar
ies,
bon
uses
, gra
tuity
, hou
sing
allo
wan
ce
19,3
21,8
56
17,
304,
564
CP
F an
d SD
F 2,
851,
942
2,
407,
443
Gov
ernm
ent g
rant
inco
me
from
job
cred
it sc
hem
e (1
,115
,651
)
(665
,929
) P
rovi
sion
for u
nuse
d le
ave
41,2
61
(4
,706
)
21,0
99,4
08
19,
041,
372
7.
Util
isat
ion
of fu
nds
20
16
20
15
$
$
Util
isat
ion
of fu
nds
for C
FA o
pera
ting
expe
nditu
res
-
Com
mun
ity s
ilver
trus
t fun
d (4
96,7
94)
(9
8,32
6)
(4
96,7
94)
(9
8,32
6)
Util
isat
ion
of fu
nds
for C
FA jo
b tr
aini
ng e
xpen
ditu
res
-
Chi
ldre
n’s
Cha
ritie
s As
soci
atio
n fu
nd
(163
,383
)
(115
,855
) -
Com
mun
ity s
ilver
trus
t fun
d (2
16,3
72)
(2
31,5
88)
- P
ilot p
rogr
amm
e fu
nd
(165
,285
)
(162
,494
) -
Wor
k tra
inin
g fu
nd
(46,
795)
(69,
167)
-
NC
SS
/ MS
F op
erat
ing
gran
ts
22,5
98
–
(5
69,2
37)
(5
79,1
04)
Util
isat
ion
of fu
nds
for F
und-
Rai
sing
Dep
artm
ent e
xpen
ditu
res
- D
esig
nate
d do
natio
ns
(91,
137)
–
U
tilis
atio
n of
fund
s fo
r SC
C o
pera
ting
expe
nditu
res
-
Des
igna
ted
dona
tions
(1
01,5
00)
–
Tota
l util
isat
ion
of fu
nds
(1,2
58,6
68)
(6
77,4
30)
Thes
e ar
e fu
nds
utili
sed
for
CFA
op
erat
ing
and
job
train
ing
activ
ities
, Fu
nd-R
aisi
ng
Dep
artm
ent a
nd S
CC
ope
ratio
n du
ring
the
finan
cial
yea
r.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
24
8.
Prop
erty
, pla
nt a
nd e
quip
men
t
Leas
ehol
d im
prov
emen
ts
Furn
iture
, fit
tings
and
eq
uipm
ent
C
ompu
ters
Sof
twar
e
Mot
or
vehi
cles
Pro
perty
un
der
cons
truct
ion
1.
To
tal
$
$
$
$
$
$
2.
$
Cos
t
3.
A
t 1 A
pril
2014
13
,837
,093
2,87
4,66
8
1,21
6,25
9
–
186,
724
1,
991,
082
4.
20,1
05,8
26
Add
ition
s 49
,393
375,
171
49
1,52
6
–
–
199,
601
5.
1,11
5,69
1 D
ispo
sals
–
(6
1,39
9)
(1
52,4
01)
–
–
–
6.
(21
3,80
0)
Tran
sfer
to in
vest
men
t pr
oper
ties
(Not
e 9)
–
–
–
–
–
(2,
190,
683)
7.
(2
,190
,683
) At
31
Mar
ch 2
015
13,8
86,4
86
3,
188,
440
1,
555,
384
–
18
6,72
4
– 8.
18
,817
,034
A
dditi
ons
211,
992
38
6,91
7
509,
076
23
6,49
6
–
– 9.
1,
344,
481
Dis
posa
ls
(3,1
57,9
04)
(2
89,4
93)
(2
49,4
27)
(1
8,30
4)
(9
9,62
0)
–
10.
(3,8
14,7
48)
Rec
lass
ifica
tions
–
–
(3
44,0
45)
34
4,04
5
–
– 11
.
– At
31
Mar
ch 2
016
10,9
40,5
74
3,
285,
864
1,
470,
988
56
2,23
7
87,1
04
–
12.
16,3
46,7
67
13.
Acc
umul
ated
dep
reci
atio
n
14.
At 1
Apr
il 20
14
12,8
77,1
18
1,
723,
117
1,
215,
191
–
16
7,72
1
– 15
. 15
,983
,147
C
harg
e fo
r the
yea
r 54
8,62
6
427,
400
49
1,17
2
–
9,49
9
– 16
. 1,
476,
697
Dis
posa
ls
–
(60,
881)
(152
,267
)
–
–
– 17
. (
213,
148)
At
31
Mar
ch 2
015
13,4
25,7
44
2,
089,
636
1,
554,
096
–
17
7,22
0
– 18
. 17
,246
,696
C
harg
e fo
r the
yea
r 52
6,42
3
452,
423
50
8,45
1
236,
431
9,
499
–
19.
1,73
3,22
7 D
ispo
sals
(3
,157
,372
)
(268
,138
)
(249
,231
)
(18,
290)
(99,
618)
– 20
. (3
,792
,649
) R
ecla
ssifi
catio
ns
–
–
(343
,805
)
343,
805
–
–
21.
–
At 3
1 M
arch
201
6 10
,794
,795
2,27
3,92
1
1,46
9,51
1
561,
946
87
,101
– 22
. 15
,187
,274
C
arry
ing
valu
e
23
.
A
t 1 A
pril
2014
95
9,97
5
1,15
1,55
1
1,06
8
–
19,0
03
1,
991,
082
24.
4,12
2,67
9 At
31
Mar
ch 2
015
460,
742
1,
098,
804
1,
288
–
9,
504
–
25.
1,57
0,33
8 At
31
Mar
ch 2
016
145,
779
1,
011,
943
1,
477
29
1
3
– 26
. 1,
159,
493
Fully
dep
reci
ated
pro
perty
, pla
nt a
nd e
quip
men
t stil
l in
use
had
an in
itial
cos
t of $
13,7
58,0
94 (2
015:
$13
,251
,007
).
68 69| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
25
9.
Inve
stm
ent p
rope
rtie
s
$ A
t cos
t
At 1
Apr
il 20
14
– Tr
ansf
er fr
om p
rope
rty u
nder
con
stru
ctio
n (N
ote
8)
2,19
0,68
3 At
31
Mar
ch 2
015
and
31 M
arch
201
6 2,
190,
683
Acc
umul
ated
dep
reci
atio
n
At 1
Apr
il 20
14
– C
harg
e fo
r the
yea
r 36
,658
At
1 A
pril
2015
36
,658
C
harg
e fo
r the
yea
r 36
,658
At
31
Mar
ch 2
016
73,3
16
Car
ryin
g va
lue
A
t 1 A
pril
2014
–
At 3
1 M
arch
201
5 2,
154,
025
At 3
1 M
arch
201
6 2,
117,
367
20
16
$
2015
$
Fair
valu
e fo
r dis
clos
ure
purp
oses
onl
y:
Fa
ir va
lue
at e
nd o
f the
yea
r 2,
129,
018
2,
225,
000
Ren
tal i
ncom
e fro
m in
vest
men
t pro
perti
es
78,0
00
65
,000
D
irect
ope
ratin
g ex
pens
es (i
nclu
ding
repa
ir an
d m
aint
enan
ce) a
risin
g fro
m in
vest
men
t pro
perti
es th
at
gene
rate
d re
ntal
inco
me
durin
g th
e ye
ar
17,3
76
28
,145
Th
e de
prec
iatio
n is
cha
rged
to to
tal r
esou
rces
exp
ende
d.
Ther
e ar
e no
res
trict
ions
on
the
real
isab
ility
of
inve
stm
ent
prop
erty
or
the
rem
ittan
ce o
f in
com
e an
d pr
ocee
ds o
f dis
posa
l. Th
e in
vest
men
t pr
oper
ties
are
leas
ed o
ut u
nder
ope
ratin
g le
ases
. A
lso
see
Not
e 29
on
oper
atin
g le
ase
inco
me
com
mitm
ents
. Th
e m
anag
emen
t ha
s no
t en
tere
d in
to c
ontra
ctua
l ob
ligat
ions
to p
urch
ase,
con
stru
ct o
r dev
elop
inve
stm
ent p
rope
rty o
r for
repa
irs, m
aint
enan
ce
or e
nhan
cem
ents
. Th
e fa
ir va
lue
of t
he in
vest
men
t pr
oper
ty w
as m
easu
red
at e
nd o
f re
porti
ng y
ear
base
d on
di
rect
com
paris
on w
ith r
ecen
t tra
nsac
tions
of
com
para
ble
prop
ertie
s w
ithin
the
vic
inity
and
el
sew
here
to re
flect
the
actu
al m
arke
t sta
te a
nd c
ircum
stan
ces
as o
f the
end
of t
he re
porti
ng
year
. The
fair
valu
e w
as b
ased
on
a pr
ojec
tion
of la
test
ave
rage
tran
sact
ion
pric
es b
y ta
king
in
to c
onsi
dera
tion
of t
he p
rope
rty i
ndex
pub
lishe
d by
the
Urb
an D
evel
opm
ent
Aut
horit
y (“
UR
A”),
whe
re th
e pr
ice
info
rmat
ion
was
col
lect
ed fr
om th
e S
inga
pore
pro
perty
mar
ket b
y th
e go
vern
men
t bod
ies.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
26
9.
Inve
stm
ent p
rope
rtie
s (c
ont’d
) Fo
r fa
ir va
lue
mea
sure
men
ts c
ateg
oris
ed w
ithin
Lev
el 3
of
the
fair
valu
e hi
erar
chy,
a
desc
riptio
n of
the
valu
atio
n te
chni
ques
and
the
sign
ifica
nt o
ther
obs
erva
ble
inpu
ts u
sed
in th
e fa
ir va
lue
mea
sure
men
t are
as
follo
ws:
A
sset
s:
18
How
ard
Roa
d #0
6–03
an
d #0
6-04
N
ovel
ty
Biz
Cen
tre S
inga
pore
369
585
Fair
valu
e an
d fa
ir va
lue
hier
arch
y –
Leve
l: $2
,129
,018
(201
5: $
2,22
5,00
0) L
evel
3 (2
015:
Lev
el 3
)
Valu
atio
n te
chni
que
for r
ecur
ring
fair
valu
e m
easu
rem
ents
: C
ompa
rison
with
mar
ket e
vide
nce
of re
cent
offe
r to
sell
pric
es fo
r sim
ilar p
rope
rties
. S
igni
fican
t obs
erva
ble
inpu
ts a
nd
rang
e (w
eigh
ted
aver
age)
: P
rice
per
squa
re
met
ers.
20
16:
$10,
540
(201
5:
$11,
015)
R
elat
ions
hip
of u
nobs
erva
ble
inpu
ts to
fair
valu
e:
NA
.
Sen
sitiv
ity o
n m
anag
emen
t’s
estim
ates
– 1
0% v
aria
tion
from
es
timat
e
Impa
ct –
low
er b
y $2
12,9
02 /
high
er b
y $2
12,9
02
10.
Inve
ntor
ies
20
16
20
15
$
$
Edu
catio
nal m
ater
ials
24
,445
28,9
13
Uni
form
s 16
,279
25,3
98
40
,724
54,3
11
11
. O
ther
rece
ivab
les
20
16
20
15
$
$
Sun
dry
rece
ivab
les
323,
825
31
9,29
4 In
tere
st re
ceiv
able
17
,649
57,2
97
34
1,47
4
376,
591
12.
Oth
er a
sset
s
2016
2015
$
$
P
repa
ymen
ts
28,4
74
10
0,26
7 D
epos
its to
sec
ure
serv
ices
59
4,34
8
627,
017
62
2,82
2
727,
284
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
27
13.
Cas
h an
d ca
sh e
quiv
alen
ts
20
16
20
15
$
$
Not
rest
ricte
d in
use
33
,065
,116
2
7,44
5,23
6 R
estri
cted
in u
se
168,
686
16
8,71
6 C
ash
at e
nd o
f yea
r 33
,233
,802
2
7,61
3,95
2 C
ash
rest
ricte
d in
use
am
ount
ing
to $
168,
716
(201
5: $
168,
716)
is f
or g
rant
s an
d do
natio
ns
rece
ived
incl
usiv
e of
inte
rest
ear
ned
for
cost
s re
late
d to
the
ere
ctio
n an
d ex
tens
ion
of D
elta
S
enio
r Sch
ool’s
bui
ldin
g.
Th
e ra
te o
f in
tere
st f
or c
ash
on in
tere
st e
arni
ng b
alan
ces
amou
nted
to
$10,
362,
436
(201
5:
$10,
202,
751)
is b
etw
een
0.12
% a
nd 1
.70%
(201
5: 0
.76%
and
1.4
2%) p
er a
nnum
.
13a.
C
ash
and
cash
equ
ival
ents
in th
e st
atem
ent o
f cas
h flo
ws:
20
16
20
15
$
$
Am
ount
as
show
n ab
ove
33,2
33,8
02
27,
613,
952
Res
trict
ed in
use
(1
68,6
86)
(1
68,7
16)
Cas
h an
d ca
sh e
quiv
alen
ts fo
r sta
tem
ent o
f cas
h flo
ws
pu
rpos
es a
t end
of t
he re
porti
ng y
ear
33,0
65,1
16
27,
445,
236
70 71| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
28
14
. M
OE
fund
s
2016
2015
Bal
ance
at
1.
4.20
15
Fund
s re
ceiv
ed
E
xpen
ditu
re
Tran
sfer
to
Trus
t Fun
d (N
ote
15)
B
alan
ce a
t 31
.3.2
016
Tran
sfer
to
/from
I&
E
Bal
ance
at
1.
4.20
14
Fu
nds
rece
ived
Exp
endi
ture
Bal
ance
at
31.3
.201
5
Tran
sfer
to
/from
I&
E
$
$
$
$
$
$
$
$
$
$
$
a)
Ann
ual g
rant
for d
iscr
etio
nary
fin
anci
al a
ssis
tanc
e 12
,506
103,
893
(9
6,65
8)
-
19
,741
(7,2
35)
33
,275
75,8
88
(9
6,65
7)
12
,506
20,7
69
b)
Add
ition
al tr
aini
ng v
ote
52,0
00
1,
773
(3
5,47
9)
-
18
,294
33,7
06
30
,082
74,2
98
(5
2,38
0)
52
,000
(21,
918)
c)
C
urric
ulum
enh
ance
men
t fun
d 23
3,67
2
115,
503
(1
61,1
33)
(2
,195
)
185,
847
45
,630
290,
369
12
3,36
6
(180
,063
)
233,
672
56
,697
d)
E
dusa
ve g
rant
39
,811
65,3
80
(5
2,98
7)
-
52
,204
(12,
393)
30,1
76
67
,285
(57,
650)
39,8
11
(9
,635
)
e)
H
igh
need
s gr
ant
38,9
76
27
2,94
7
(255
,481
)
-
56,4
42
(1
7,46
6)
11
,510
195,
559
(1
68,0
93)
38
,976
(27,
466)
f)
Opp
ortu
nity
fund
99
,650
111,
004
(1
03,4
54)
-
10
7,20
0
(7,5
50)
85
,386
29,4
60
(1
5,19
6)
99
,650
(14,
264)
g)
P
aren
ts s
uppo
rt gr
oup
gran
t 51
9
9,57
8
(8,6
44)
-
1,
453
(9
34)
5,
094
5,
056
(9
,631
)
519
4,
575
h)
Sta
ff tra
inin
g fu
nd
196,
996
17
8,54
3
(175
,834
)
-
199,
705
(2
,709
)
197,
186
28
3,04
5
(283
,235
)
196,
996
19
0
i)
SP
ED
inno
vatio
n aw
ard
13,7
66
-
(3
,356
))
-
10
,410
3,35
6
15,2
53
5,
000
(6
,487
)
13,7
66
1,
487
j) S
PE
D o
utst
andi
ng te
ache
r aw
ard
2,62
5
-
-
-
2,62
5
-
1,46
9
5,00
0
(3,8
44)
2,
625
(1
,156
)
k)
S
choo
l bas
ed s
tude
nt a
war
d -
86
,800
(86,
800)
-
-
-
-
86,7
70
(8
6,77
0)
-
-
l) S
G50
col
labo
ratio
n fu
nd
23,5
16
58
,848
(82,
364)
-
-
23,5
16
-
26
,520
(3,0
04)
23
,516
(23,
516)
m
) V
ocat
iona
l pre
para
tion
gran
t 11
9,88
0
-
(34,
156)
-
85,7
24
34
,156
85,4
78
21
9,76
7
(185
,365
)
119,
880
(3
4,40
2)
n)
Pub
lic tr
ansp
ort s
ubsi
dy
-
32,7
60
(2
2,37
3)
-
10
,387
(10,
387)
-
-
-
-
-
o)
IC
T tie
r 3 fu
ndin
g -
24
8,55
1
(248
,551
)
-
-
-
-
-
-
-
-
833,
917
1,
285,
580
(1
,367
,270
)
(2,1
95)
75
0,03
2
81,6
90
78
5,27
8
1,19
7,01
4
(1,1
48,3
75)
83
3,91
7
(48,
639)
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
29
14.
MO
E fu
nds
(con
t’d)
14a.
A
nnua
l gra
nt fo
r dis
cret
iona
ry fi
nanc
ial a
ssis
tanc
e Th
is is
a fu
nd fo
r stu
dent
s w
ith fi
nanc
ial n
eeds
. Per
ann
ounc
emen
t at t
he b
udge
t sta
tem
ent o
n 18
Feb
ruar
y 20
11,
all S
PED
sch
ools
will
rec
eive
a t
op u
p fu
nd a
nnua
lly f
rom
the
MO
E f
or
need
y st
uden
ts’ s
choo
l fee
, tra
nspo
rt, m
eal,
med
icin
es a
nd s
tatio
nery
, etc
. 14
b.
Add
ition
al tr
aini
ng v
ote
The
Add
ition
al T
rain
ing
Vot
e (A
TV)
is f
or p
rofe
ssio
nal d
evel
opm
ent
oppo
rtuni
ties
for
SPE
D
teac
hers
to m
eet t
heir
dive
rse
lear
ning
nee
ds.
14c.
C
urric
ulum
enh
ance
men
t fun
d Th
e C
urric
ulum
Enh
ance
men
t Fu
nd (
“CE
F”)
was
set
up
in F
Y20
09/2
010
to p
rom
ote
and
sust
ain
scho
ol in
itiat
ed e
fforts
in e
nhan
cing
the
qual
ity o
f the
spe
cial
edu
catio
n cu
rric
ulum
and
co
–cur
ricul
um T
he fu
nd is
join
tly a
dmin
iste
red
by M
OE
and
NC
SS.
14
d.
Edus
ave
gran
t E
dusa
ve f
und
is a
gra
nt f
rom
MO
E f
or e
nric
hmen
t pr
ogra
mm
es,
purc
hase
of
reso
urce
m
ater
ials
and
equ
ipm
ent f
or s
tude
nts.
14
e.
Hig
h ne
eds
gran
t Th
e H
igh
Nee
ds G
rant
(H
NG
) fo
r S
PED
sch
ools
has
bee
n se
t up
to p
rovi
de S
PED
sch
ools
w
ith a
dditi
onal
reso
urce
s to
sup
port
stud
ents
with
exc
eptio
nally
hig
h ne
eds
due
to c
halle
ngin
g be
havi
our.
14f.
Opp
ortu
nity
fund
Th
e op
portu
nity
fun
d is
a g
rant
fro
m M
OE
to
prov
ide
Sin
gapo
re c
itize
n st
uden
ts f
rom
low
er
inco
me
hous
ehol
ds to
enr
ich
thei
r lea
rnin
g an
d bu
ild fi
rm fo
unda
tion
for l
earn
ing.
14
g.
Pare
nt s
uppo
rt g
roup
gra
nt
This
fund
aim
s to
enh
ance
its
partn
ersh
ip e
fforts
with
par
ents
to s
et u
p P
aren
t Sup
port
Gro
up
(“P
SG”)
and
/ or
enh
ance
the
pare
ntal
eng
agem
ent w
ith s
choo
ls.
14h.
St
aff t
rain
ing
fund
Th
is g
rant
from
MO
E is
for t
rain
ing
and
prof
essi
onal
dev
elop
men
t of s
taff.
14
i. SP
ED in
nova
tion
awar
d Th
e M
OE
and
NC
SS
SPE
D In
nova
tion
Aw
ard
is fo
r sc
hool
pro
gram
mes
giv
en to
Cha
oyan
g S
choo
l, Ta
nglin
Sch
ool a
nd D
elta
Sen
ior S
choo
l. 14
j. SP
ED o
utst
andi
ng te
ache
r aw
ard
The
Out
stan
ding
SPE
D T
each
er A
war
d re
ceiv
ed f
rom
MO
E i
s fo
r te
ache
rs’
prof
essi
onal
de
velo
pmen
t.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
30
14.
MO
E fu
nds
(con
t’d)
14k.
Sc
hool
bas
ed s
tude
nt a
war
d Th
is is
pro
vide
d by
MO
E to
SPE
D s
tude
nts
to e
ncou
rage
and
rec
ogni
se th
eir
achi
evem
ents
an
d pr
ogre
ss. T
his
awar
d w
ill b
e gi
ven
annu
ally
to s
tude
nts
who
are
Sin
gapo
re c
itize
ns w
ith
good
con
duct
and
who
mee
t the
sch
ool–
base
d cr
iteria
for t
he a
war
ds.
14l.
SG50
col
labo
ratio
n fu
nd
The
fund
is p
rovi
ded
by th
e G
over
nmen
t of t
he R
epub
lic o
f Sin
gapo
re a
s re
pres
ente
d by
the
Min
istry
of E
duca
tion
in c
eleb
ratin
g Si
ngap
ore
50 y
ears
ann
iver
sary
. 14
m.
Voca
tiona
l pre
para
tion
gran
t Th
e V
ocat
iona
l Pre
para
tion
Gra
nt is
for
the
impl
emen
tatio
n of
voc
atio
nal p
repa
ratio
n in
the
sc
hool
. Th
is i
nclu
des
build
ing
up s
choo
l’s r
esou
rces
, fa
cilit
ies
and
man
pow
er c
apab
ility
to
supp
ort v
ocat
iona
l pre
para
tion
for s
tude
nts
aged
13–
18 y
ears
.
14n.
Pu
blic
tran
spor
t sub
sidy
Th
e tra
nspo
rt su
bsid
y is
fun
ded
by M
OE
to
supp
ort
the
reci
pien
ts w
ho a
re u
nder
SPE
D
Fina
ncia
l Ass
ista
nce
Sche
me
(FA
S).
14
o.
ICT
tier 3
fund
ing
ICT
tier 3
fund
ing
is fr
om M
OE
ICT
fund
. It i
s to
sup
port
SPE
D s
choo
ls in
ope
ratio
naliz
ing
the
inte
nt o
f har
ness
ing
ICT
as a
n en
able
r for
teac
hing
and
lear
ning
effe
ctiv
ely.
72 73| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
31
15
. Tr
ust f
unds
2016
2015
B
alan
ce a
t
1.4.
2015
Fund
s re
ceiv
ed
E
xpen
ditu
re
Tran
sfer
fro
m M
OE
fu
nd
(Not
e 14
)
Bal
ance
at
31.3
.201
6
Tran
sfer
to
/from
I&E
Bal
ance
at
1.
4.20
14
Fu
nds
rece
ived
Exp
endi
ture
Bal
ance
at
31.3
.201
5
Tran
sfer
to
/from
I&E
$
$
$
$
$
$
$
$
$
$
$
a)
A
rts &
cul
ture
pre
sent
atio
n gr
ant
-
-
-
-
-
-
5,88
0
1,47
0
(7,3
50)
-
5,
880
b)
Arti
st-in
-sch
ool s
chem
e 2,
142
1,
281
(3
,423
)
-
-
2,14
2
-
5,12
4
(2,9
82)
2,
142
(2
,142
)
c)
C
are
& s
hare
mat
chin
g gr
ant
44,1
73
81
9,19
4
(503
,501
)
-
359,
866
(3
15,6
93)
-
16
0,25
8
(116
,085
)
44,1
73
(4
4,17
3)
d)
Chi
ldre
n’s
Cha
ritie
s A
ssoc
iatio
n fu
nd
11,2
15
16
3,38
3
(163
,383
)
-
11,2
15
-
11
,215
115,
855
(1
15,8
55)
11
,215
-
e)
C
omm
unity
silv
er tr
ust f
und
1,05
7,99
3
1,26
7,71
9
(907
,461
)
-
1,41
8,25
1
(360
,258
)
561,
902
93
4,20
6
(438
,115
)
1,05
7,99
3
(496
,091
)
f)
Cha
ritie
s ca
pabi
lity
fund
(VC
F)
320
8,
880
(9
,200
)
-
-
320
-
31
,680
(31,
360)
320
(3
20)
g)
NC
SS
rese
arch
stu
dy
-
-
-
-
-
-
(2,4
05)
2,
405
-
-
(2
,405
)
h)
S
taff
train
ing
OFA
gra
nt
1,38
4
-
-
-
1,38
4
-
2,58
4
-
(1,2
00)
1,
384
1,
200
i) S
choo
l poc
ket m
oney
1,
598
24
,718
(21,
215)
-
5,10
1
(3,5
03)
3,
232
19
,566
(21,
200)
1,59
8
1,63
4
j)
SG
Ena
ble
– tra
nspo
rt as
sist
ance
sch
eme
2,51
5
248,
755
(2
48,8
04)
-
2,
466
49
-
148,
606
(1
46,0
91)
2,
515
(2
,515
)
k)
To
te B
oard
arts
gra
nt
-
9,81
4
(9,8
14)
-
-
-
-
84
0
(840
)
-
-
l)
Trai
lbla
zer-
Cha
n C
hiew
Pin
g sp
ecia
l sch
ools
fund
3,
483
-
1,
007
-
4,
490
(1
,007
)
4,83
1
-
(1,3
48)
3,
483
1,
348
m)
Stu
dent
cur
ricul
um d
evel
opm
ent
fund
-
-
(2
,195
)
2,19
5
-
2,19
5
-
-
-
-
-
1,12
4,82
3
2,54
3,74
4
(1,8
67,9
89)
2,
195
1,
802,
773
(6
75,7
55)
58
7,23
9
1,42
0,01
0
(882
,426
)
1,12
4,82
3
(537
,584
)
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATEM
ENTS
F
OR
TH
E R
EPO
RTI
NG
YEA
R E
ND
ED 3
1 M
AR
CH
201
5
17.
Des
igna
ted
dona
tion
fund
s
20
15
20
14
B
alan
ce a
t
1.4.
2014
Fund
s R
ecei
ved
E
xpen
ditu
re
Tran
sfer
from
R
efur
bish
men
t Fu
nd
B
alan
ce a
t 31
.3.2
015
Tr
ansf
er
to/fr
om I&
E
Bal
ance
at
1.4.
2013
Fund
s R
ecei
ved
E
xpen
ditu
re
Tran
sfer
to
accu
mul
ated
fu
nd
Bal
ance
at
31.3
.201
4
Tran
sfer
to
/from
I&E
$
$
$
$
$
$
$
$
$
$
a)
D
esig
nate
d do
natio
n 2,
246,
178
1,
411,
002
(8
82,6
70)
45,6
66
2,82
0,17
6
(528
,332
) 2,
355,
062
1,
310,
344
(1,2
49,9
81)
(1
69,2
47)
2,24
6,17
8
(60,
363)
b)
G
ener
al
purp
ose
fund
13
,478
-
-
13,4
78
-
13,4
78
-
-
13,4
78
-
c)
Edu
catio
n fu
nd
593,
748
-
-
-
593,
748
-
593,
748
-
-
593,
748
-
d)
Per
cuss
ion
fund
23
,466
-
(12,
283)
- 11
,183
12,2
83
27,8
72
-
(4,4
06)
23
,466
4,40
6
2,87
6,87
0
1,41
1,00
2
(894
,953
)
45,6
66
3,43
8,58
5
(516
,049
) 2,
990,
160
1,
310,
344
(1,2
54,3
87)
(169
,247
) 2,
876,
870
(5
5,95
7)
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
32
15.
Trus
t fun
ds (c
ont’d
) 15
a.
Art
s &
cul
ture
pre
sent
atio
n gr
ant
The
Arts
& C
ultu
re P
rese
ntat
ion
Gra
nt is
to in
spire
stu
dent
s to
con
tinue
thei
r in
tere
st in
the
arts
bey
ond
thei
r sc
hool
ing
year
s by
giv
ing
them
the
expe
rienc
e of
pre
sent
ing
thei
r w
orks
to
the
publ
ic.
15b.
A
rtis
t-in-
scho
ol s
chem
e Th
e A
rtist
-in-S
choo
l Sch
eme
(AIS
S)
supp
orts
col
labo
ratio
n be
twee
n in
divi
dual
sch
ools
and
lo
cal
artis
ts/a
rts e
duca
tors
in
deve
lopi
ng a
rts e
duca
tion
prog
ram
mes
cus
tom
ised
for
the
ir st
uden
ts.
Its a
im i
s to
sup
port
arts
pro
ject
s al
igne
d w
ith t
he s
choo
l’s l
ong
term
pla
ns o
f de
velo
ping
a v
ibra
nt a
rts c
ultu
re.
Enh
ance
stu
dent
s’ a
ppre
ciat
ion
of t
he a
rts a
nd c
reat
ive
thin
king
pro
cess
thro
ugh
inte
ract
ive
lear
ning
from
arti
sts.
15
c.
Car
e &
sha
re m
atch
ing
gran
t Th
e C
are
& S
hare
Mat
chin
g G
rant
, whi
ch is
giv
en o
ut u
nder
the
Car
e an
d S
hare
mov
emen
t, is
man
aged
by
the
Min
istry
of S
ocia
l and
Fam
ily D
evel
opm
ent (
MS
F). T
he G
rant
is ta
rget
ed a
t A
genc
ies
that
pro
vide
soc
ial
serv
ices
and
dev
elop
pro
gram
mes
to
serv
e so
cial
ser
vice
be
nefic
iarie
s be
tter.
The
allo
catio
n is
bas
ed o
n $1
-for-$
1 m
atch
ing
for
elig
ible
don
atio
ns
rais
ed b
y Ag
ency
up
to $
1,00
0,00
0.
15d.
C
hild
ren’
s C
harit
ies
Ass
ocia
tion
fund
Th
e C
hild
ren’
s C
harit
ies
Asso
ciat
ion
Fund
(CC
A F
und)
is d
esig
nate
d fo
r ope
ratio
nal c
osts
or
to ru
n pr
ogra
mm
es o
r pro
ject
s ca
rrie
d ou
t by
scho
ols
and
CFA
, ben
efiti
ng c
hild
ren
up to
age
of
21
year
s ol
d. T
he f
und
is t
o be
des
igna
ted
for
educ
atio
nal
prog
ram
mes
, jo
b tra
inin
g,
stud
ent w
elfa
re a
nd e
nric
hmen
t pro
gram
mes
for s
tude
nts.
Sin
ce 2
6 M
ay 2
011,
CFA
has
bee
n re
ceiv
ing
CC
A F
und.
15
e.
Com
mun
ity s
ilver
trus
t fun
d Th
is F
und
from
the
Age
ncy
for
Inte
grat
ed C
are
(AIC
) is
to
enha
nce
dona
tions
and
pro
vide
ad
ditio
nal r
esou
rces
for
ser
vice
s pr
ovid
ers
in t
he in
term
edia
te a
nd lo
ng–t
erm
car
e se
ctor
to
enha
nce
capa
bilit
ies
and
prov
ide
valu
e–ad
ded
serv
ices
to
achi
eve
high
er q
ualit
y ca
re a
nd
affo
rdab
le s
tep
dow
n ca
re.
15f.
Cha
ritie
s ca
pabi
lity
fund
(VC
F)
The
Fund
is a
dmin
iste
red
by N
CS
S si
nce
2002
. It w
as la
unch
ed to
stre
ngth
en th
e ca
pabi
litie
s of
VW
Os
and
to im
prov
e so
cial
ser
vice
s in
Sin
gapo
re.
15g.
N
CSS
rese
arch
stu
dy
NC
SS
has
appo
inte
d A
PSN
to
cond
uct
a re
sear
ch s
tudy
to
exam
ine
the
post
–pro
gram
me
expe
rienc
es a
nd o
utco
mes
of p
erso
ns w
ith m
ind
inte
llect
ual d
isab
ilitie
s.
15h.
St
aff t
rain
ing
OFA
gra
nt
Sta
ff Tr
aini
ng F
und
unde
r O
utco
me
Fund
ing
Agr
eem
ent (
OFA
) w
as g
iven
by
NC
SS
to b
uild
st
aff c
ompe
tenc
ies.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
33
15.
Trus
t fun
ds (c
ont’d
) 15
i. Sc
hool
poc
ket m
oney
fund
Th
is re
pres
ents
gra
nts
rece
ived
from
NC
SS
for t
he w
elfa
re o
f nee
dy s
tude
nts.
15j.
SG E
nabl
e - t
rans
port
ass
ista
nce
sche
me
This
fund
aim
s to
redu
ce th
e hi
gh tr
ansp
ort c
osts
for p
erso
ns w
ith d
isab
ilitie
s ac
cess
ing
VW
O
serv
ices
on
a re
gula
r bas
is.
15k.
To
te B
oard
art
s gr
ant
The
gran
t ai
ms
to d
evel
op a
rts e
duca
tion
in S
PED
. It
is u
sed
for
subs
idis
ing
perfo
rman
ces
and
Arts
Edu
catio
n P
rogr
amm
es a
ppro
ved
by th
e N
atio
nal A
rts C
ounc
il (N
AC
). Th
e fu
nd c
an
be u
sed
for
up to
70%
of p
urch
ase
cost
, and
sch
ools
can
use
thei
r sc
hool
’s o
ther
ope
ratin
g ex
pens
es (O
OE
) to
co-p
ay th
e ot
her 3
0%.
15
l. Tr
ailb
laze
r – C
han
Chi
ew P
ing
spec
ial s
choo
ls fu
nd
Trai
lbla
zer–
Cha
n C
hiew
Pin
g S
peci
al S
choo
ls F
und
was
set
up
by T
railb
laze
r Fo
unda
tion,
an
d ad
min
iste
red
by N
CS
S, t
o pr
ovid
e fin
anci
al a
ssis
tanc
e to
stu
dent
s af
fect
ed b
y th
e ec
onom
ic d
ownt
urn.
15
m.
Stud
ent c
urric
ulum
dev
elop
men
t fun
d Th
is g
rant
is fu
nded
by
Sin
gapo
re S
port,
a s
tatu
tory
boa
rd o
f the
Min
istry
of C
ultu
re,
Com
mun
ity a
nd Y
outh
. And
its
core
pur
pose
is to
insp
ire th
e Si
ngap
ore
spiri
t and
tran
sfor
m
Sin
gapo
re th
roug
h sp
ort.
16.
Ass
ocia
tion
build
ing
fund
2016
2015
$
$
B
alan
ce a
t beg
inni
ng o
f the
yea
r 20
4,93
1
2,39
5,61
4 Le
ss: E
xpen
ditu
re in
curr
ed
– (
2,19
0,68
3)
Bal
ance
at e
nd o
f the
yea
r 20
4,93
1
204,
931
This
fund
is fo
r the
pur
chas
e an
d/or
reno
vatio
n of
AP
SN
’s p
rem
ises
for i
ts o
wn
use
and/
or a
s in
vest
men
t to
gene
rate
rent
al in
com
e an
d fo
r hea
dqua
rter r
eloc
atio
n ex
pens
es.
74 75| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
34
17
. D
esig
nate
d do
natio
n fu
nds
2016
2015
B
alan
ce a
t
1.4.
2015
Fund
s R
ecei
ved
E
xpen
ditu
re
B
alan
ce a
t 31
.3.2
016
Tr
ansf
er
to/fr
om I&
E
B
alan
ce a
t
1.4.
2014
Fund
s R
ecei
ved
E
xpen
ditu
re
Tran
sfer
to
accu
mul
ated
fu
nd
Bal
ance
at
31.3
.201
5
Tran
sfer
to
/from
I&E
$
$
$
$
$
$
$
$
$ $
$
a)
Des
igna
ted
dona
tion
2,82
0,17
6
1,88
1,19
6
(1,2
48,0
98)
3,
453,
274
(6
33,0
98)
2,
246,
178
1,
411,
002
(8
82,6
70)
45,6
66
2,82
0,17
6
(528
,332
)
b)
Gen
eral
pur
pose
fund
13
,478
-
-
13,4
78
-
13
,478
-
-
- 13
,478
-
c)
Edu
catio
n fu
nd
593,
748
-
-
59
3,74
8
-
593,
748
-
-
-
593,
748
-
d)
P
ercu
ssio
n fu
nd
11,1
83
-
(3
,218
)
7,96
5
3,21
8
23,4
66
-
(1
2,28
3)
-
11,1
83
12
,283
3,
438,
585
1,
881,
196
(1
,251
,316
)
4,06
8,46
5
(629
,880
)
2,87
6,87
0
1,41
1,00
2
(894
,953
)
45,6
66
3,43
8,58
5
(516
,049
)
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
35
17.
Des
igna
ted
dona
tion
fund
s 17
a.
Des
igna
ted
dona
tion
The
desi
gnat
ed d
onat
ion
fund
rela
tes
to d
onat
ion
rece
ived
for s
peci
fic p
urpo
ses.
17
b.
Gen
eral
pur
pose
fund
Th
is re
pres
ents
fund
reta
ined
for g
ener
al u
se b
y th
e A
PSN
and
sch
ools
. 17
c.
Educ
atio
n fu
nd
This
fun
d fro
m C
CA
and
pub
lic d
onat
ions
is t
o be
util
ised
for
the
edu
catio
n an
d en
richm
ent
prog
ram
me
for s
tude
nts.
17d.
Pe
rcus
sion
fund
Th
is fu
nd is
set
up
to p
rom
ote
the
perfo
rmin
g ar
ts in
Tan
glin
Sch
ool.
It p
rovi
des
an o
ppor
tuni
ty
for s
tude
nts
to d
evel
op th
eir c
reat
ivity
and
sho
wca
se th
eir m
usic
al ta
lent
s.
18.
Def
erre
d ca
pita
l gra
nts
20
16
20
15
$
$
At c
ost
B
alan
ce a
t beg
inni
ng o
f the
yea
r 6,
198,
835
4,
251,
133
Ref
urbi
shm
ent o
f pro
perty
, pur
chas
e of
pla
nt a
nd
equi
pmen
t:
– G
rant
from
MO
E, N
CS
S, M
SF,
Tot
e B
oard
, AIC
67
6,67
8
349,
079
– P
ublic
don
atio
ns
29,9
02
2,
337,
019
Am
ount
writ
ten
off
(3,5
33,7
56)
(7
38,3
96)
Bal
ance
at e
nd o
f the
yea
r 3,
371,
659
6,
198,
835
Acc
umul
ated
am
ortis
atio
n
Bal
ance
at b
egin
ning
of t
he y
ear
3,16
0,11
0
2,89
9,94
5 A
mor
tisat
ion
for t
he y
ear
1,10
1,82
9
998,
561
Am
ount
writ
ten
off
(3,5
33,7
56)
(7
38,3
96)
Bal
ance
at e
nd o
f the
yea
r 72
8,18
3
3,16
0,11
0
C
arry
ing
valu
e
Bal
ance
at b
egin
ning
of t
he y
ear
3,03
8,72
5
1,35
1,18
8 B
alan
ce a
t end
of t
he y
ear
2,64
3,47
6
3,03
8,72
5 Th
is r
epre
sent
s gr
ants
and
don
atio
ns u
tilis
ed fo
r th
e re
furb
ishm
ent o
f pro
perti
es a
nd p
urch
ase
of p
lant
and
equ
ipm
ent.
The
amou
nt w
ritte
n of
f re
pres
ents
tho
se d
efer
red
capi
tal
gran
ts w
hich
hav
e be
en f
ully
am
ortis
ed.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
36
19.
Ref
urbi
shm
ent f
und
20
16
20
15
$
$
Bal
ance
at b
egin
ning
and
end
of t
he y
ear
80,0
27
80
,027
Th
e ca
pita
l ass
et fu
nd w
as s
et u
p fo
r th
e re
furb
ishm
ent o
f Del
ta S
enio
r S
choo
l’s p
rem
ises
for
the
purc
hase
of f
urni
ture
, equ
ipm
ent a
nd c
ompu
ter e
quip
men
t. 20
. Sc
hool
bui
ldin
g fu
nd
20
16
$
2015
$
Bal
ance
at b
egin
ning
and
end
of t
he y
ear
3,95
3
3,95
3 Th
is fu
nd is
for t
he re
furb
ishm
ent o
f Cha
oyan
g S
choo
l.
21.
Prov
isio
n
20
16
$
2015
$
Pro
visi
on fo
r rei
nsta
tem
ent o
f pre
mis
es
B
alan
ce a
t beg
inni
ng o
f the
yea
r 99
,858
133,
270
Writ
e ba
ck
(58,
270)
– E
xpen
ditu
re in
curr
ed
–
(33,
412)
B
alan
ce a
t end
of t
he y
ear
41,5
88
99
,858
P
rese
nted
as:
Pro
visi
on, c
urre
nt
–
41,5
88
Pro
visi
on, n
on-c
urre
nt
41,5
88
58
,270
41,5
88
99
,858
Th
e pr
ovis
ion
is b
ased
on
the
pres
ent
valu
e of
cos
ts t
o be
inc
urre
d to
rem
ove
plan
t an
d eq
uipm
ent
from
leas
ed p
rope
rty.
The
estim
ate
is b
ased
on
hist
oric
al d
ata
and
the
unex
pire
d te
rm is
mor
e th
an 1
yea
r an
d le
ss th
an 1
yea
r re
spec
tivel
y. T
he u
nwin
ding
of d
isco
unt i
s no
t si
gnifi
cant
. 22
. A
FID
con
fere
nce
fund
2016
2015
$
$
B
alan
ce a
t beg
inni
ng o
f the
yea
r 24
,989
27,0
45
Less
: Exp
endi
ture
incu
rred
(8
,096
)
(2,0
56)
Bal
ance
at e
nd o
f the
yea
r 16
,893
24,9
89
This
fund
was
set
up
from
APS
N’s
sha
re o
f the
sur
plus
mon
ey fr
om th
e 19
th A
FID
con
fere
nce
orga
nise
d jo
intly
by
APS
N a
nd M
IND
S in
Nov
embe
r 20
09. E
xco
appr
oved
the
fund
to b
e us
ed
for
APS
N s
endi
ng B
oard
mem
bers
and
vol
unte
ers
to c
onfe
renc
es, s
tudy
trip
s an
d ed
ucat
iona
l ac
tiviti
es lo
cally
or o
vers
eas.
76 77| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
37
23.
Oth
er c
redi
tors
and
acc
rual
s
2016
2015
$
$
A
ccru
ed o
pera
ting
expe
nses
2,
784,
151
2,
342,
259
Sun
dry
cred
itors
28
1,89
8
279,
462
3,
066,
049
2,
621,
721
24.
Am
ount
Due
from
(to)
gra
ntor
s, n
et
20
16
20
15
$
$
Due
from
(to)
NC
SS
7,78
7
(28,
842)
D
ue fr
om M
OE
28
5,87
9
174,
905
Due
to M
SF
(11,
844)
(64,
862)
D
ue fr
om T
ote
Boar
d 15
3,00
9
35,1
69
Bal
ance
at e
nd o
f the
yea
r, ne
t 43
4,83
1
116,
370
The
amou
nt d
ue (
from
) to
gra
ntor
s co
mpr
ises
of
adju
stm
ents
and
pro
visi
on f
or o
ver/
(und
er)
fund
ing
in th
e re
porti
ng y
ears
.
25.
Inco
me
tax
and
tax–
exem
pt re
ceip
ts
25
a.
Inco
me
tax
The
Ass
ocia
tion
is e
xem
pted
from
tax
on in
com
e an
d ga
in fa
lling
with
in s
ectio
n 13
U(1
) of
the
Sin
gapo
re I
ncom
e Ta
x A
ct t
o th
e ex
tent
tha
t th
ese
are
appl
ied
to i
ts c
harit
able
obj
ects
. Th
eref
ore,
no
prov
isio
n fo
r inc
ome
tax
has
been
mad
e in
the
finan
cial
sta
tem
ents
. 25
b.
Tax–
dedu
ctio
n re
ceip
ts
The
Ass
ocia
tion
is a
n ap
prov
ed I
nstit
utio
n of
a P
ublic
Cha
ract
er w
here
by p
ublic
don
ors
are
gran
ted
3 tim
es (
for
the
perio
d fro
m 1
Jan
uary
201
5 to
31
Dec
embe
r 20
15)
and
2.5
times
(fo
r ot
her
perio
ds)
tax
dedu
ctio
ns fo
r do
natio
ns m
ade
to th
e A
ssoc
iatio
n. T
he c
urre
nt IP
C s
tatu
s is
gr
ante
d by
the
Min
istry
of
Soc
ial
and
Fam
ily D
evel
opm
ent
(“MS
F”)
for
the
perio
d fro
m 1
D
ecem
ber 2
015
to 2
8 Fe
brua
ry 2
018.
2016
$
20
15
$ Ta
x–de
duct
ion
rece
ipts
issu
ed fo
r don
atio
ns
rece
ived
/col
lect
ed d
urin
g th
e re
porti
ng y
ear
802,
513
80
0,06
4
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
38
26.
Fina
ncia
l ins
trum
ents
: Inf
orm
atio
n on
fina
ncia
l ris
ks
26a.
C
lass
ifica
tion
of fi
nanc
ial a
sset
s an
d lia
bilit
ies
Th
e fo
llow
ing
tabl
e ca
tego
rises
the
car
ryin
g am
ount
of f
inan
cial
ass
ets
and
finan
cial
liab
ilitie
s re
cord
ed a
t the
end
of t
he re
porti
ng y
ear b
y FR
S 3
9 ca
tego
ries:
2016
2015
$
$ Fi
nanc
ial a
sset
s:
C
ash
and
cash
equ
ival
ents
33
,233
,802
27,6
13,9
52
Oth
er re
ceiv
able
s 34
1,47
4
376,
591
Am
ount
due
from
gra
ntor
s 43
4,83
1
116,
370
At e
nd o
f the
yea
r 34
,010
,107
28,1
06,9
13
Fina
ncia
l lia
bilit
ies:
Mea
sure
d at
am
ortis
ed c
osts
:
Oth
er c
redi
tors
and
acc
rual
s
3,06
6,04
9
2,62
1,72
1 A
t end
of t
he y
ear
3,06
6,04
9
2,62
1,72
1 Fu
rther
qua
ntita
tive
disc
losu
res
are
incl
uded
thro
ugho
ut th
ese
finan
cial
sta
tem
ents
.
26b.
Fi
nanc
ial r
isk
man
agem
ent
The
mai
n pu
rpos
e of
the
fin
anci
al i
nstru
men
ts i
s to
rai
se a
nd m
anag
e fin
ance
for
the
A
ssoc
iatio
n’s
oper
atio
ns.
The
mai
n ris
ks a
risin
g fro
m t
he A
ssoc
iatio
n’s
finan
cial
inst
rum
ents
ar
e cr
edit
risk,
inte
rest
ris
k an
d liq
uidi
ty r
isk.
Th
e fin
anci
al in
stru
men
ts c
ompr
ise
cash
and
ba
nk b
alan
ces,
inte
rest
bea
ring
fixed
dep
osits
, rec
eiva
bles
and
pay
able
s.
The
Exe
cutiv
e C
omm
ittee
has
cer
tain
stra
tegi
es fo
r the
man
agem
ent o
f fin
anci
al ri
sks.
The
se
guid
elin
es s
et u
p th
e sh
ort a
nd lo
ng te
rm o
bjec
tives
and
act
ion
to b
e ta
ken
in o
rder
to m
anag
e th
e fin
anci
al ri
sks.
The
maj
or g
uide
lines
are
the
follo
win
g:
1.
Min
imis
e in
tere
st ra
te, c
urre
ncy,
cre
dit a
nd m
arke
t ris
k fo
r all
kind
s of
tran
sact
ions
. 2.
M
axim
ise
the
use
of “
natu
ral
hedg
e”:
favo
urin
g as
muc
h as
pos
sibl
e th
e na
tura
l of
f–se
tting
of
paya
bles
and
rec
eiva
bles
den
omin
ated
in
the
sam
e cu
rrenc
y. T
he s
ame
stra
tegy
is p
ursu
ed w
ith re
gard
to in
tere
st ra
te ri
sk.
3.
A
ll fin
anci
al ri
sk m
anag
emen
t act
iviti
es fo
r the
inve
stm
ents
are
car
ried
out b
y th
e Fi
nanc
e &
Inve
stm
ent S
ub–C
omm
ittee
.
4.
All
finan
cial
risk
man
agem
ent a
ctiv
ities
are
car
ried
out f
ollo
win
g go
od m
arke
t pra
ctic
es.
26c.
Fa
ir va
lues
of f
inan
cial
inst
rum
ents
Th
e an
alys
es o
f fin
anci
al in
stru
men
ts t
hat
are
mea
sure
d su
bseq
uent
to
initi
al r
ecog
nitio
n at
fa
ir va
lue,
gro
uped
int
o Le
vels
1 t
o 3
are
disc
lose
d in
the
rel
evan
t no
tes
to t
he f
inan
cial
st
atem
ents
. The
se in
clud
e bo
th th
e si
gnifi
cant
fin
anci
al in
stru
men
ts s
tate
d at
am
ortis
ed c
ost
and
at fa
ir va
lue
in th
e st
atem
ent o
f fin
anci
al p
ositi
on. T
he c
arry
ing
valu
es o
f cur
rent
fina
ncia
l in
stru
men
ts a
ppro
xim
ate
thei
r fa
ir va
lues
due
to th
e sh
ort–
term
mat
urity
of t
hese
inst
rum
ents
an
d th
e di
sclo
sure
s of
fair
valu
e ar
e no
t mad
e w
hen
the
carr
ying
am
ount
of c
urre
nt fi
nanc
ial
inst
rum
ents
is a
reas
onab
le a
ppro
xim
atio
n of
the
fair
valu
e.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
39
26.
Fina
ncia
l ins
trum
ents
: Inf
orm
atio
n on
fina
ncia
l ris
ks (c
ont’d
) 26
d.
Cre
dit r
isk
on fi
nanc
ial a
sset
s Fi
nanc
ial
asse
ts t
hat
are
pote
ntia
lly s
ubje
ct t
o co
ncen
tratio
ns o
f cr
edit
risk
and
failu
res
by
coun
terp
artie
s to
dis
char
ge th
eir
oblig
atio
ns in
ful
l or
in a
tim
ely
man
ner
cons
ist
prin
cipa
lly o
f ca
sh b
alan
ces
with
ban
ks, c
ash
equi
vale
nts
and
rece
ivab
les.
The
max
imum
exp
osur
e to
cre
dit
risk
is: t
he to
tal o
f the
fair
valu
e of
the
finan
cial
ass
ets;
the
max
imum
am
ount
the
entit
y co
uld
have
to p
ay if
the
guar
ante
e is
cal
led
on; a
nd th
e fu
ll am
ount
of a
ny p
ayab
le c
omm
itmen
ts a
t th
e en
d of
the
repo
rting
yea
r. C
redi
t ris
k on
cas
h ba
lanc
es w
ith b
anks
and
any
oth
er fi
nanc
ial
inst
rum
ents
is li
mite
d be
caus
e th
e co
unte
r–pa
rties
are
ent
ities
with
acc
epta
ble
cred
it ra
tings
. Fo
r cr
edit
risk
on r
ecei
vabl
es a
n on
goin
g cr
edit
eval
uatio
n is
per
form
ed o
n th
e fin
anci
al
cond
ition
of
the
debt
ors
and
a lo
ss f
rom
im
pairm
ent
is r
ecog
nise
d in
pro
fit o
r lo
ss.
The
ex
posu
re t
o cr
edit
risk
with
cus
tom
ers
is c
ontro
lled
by s
ettin
g lim
its o
n th
e ex
posu
re t
o in
divi
dual
cus
tom
ers
and
thes
e ar
e di
ssem
inat
ed t
o th
e re
leva
nt p
erso
ns c
once
rned
and
co
mpl
ianc
e is
mon
itore
d by
Sch
ool M
anag
emen
t Com
mitt
ee.
As
disc
lose
d in
Not
e 13
cas
h an
d ca
sh e
quiv
alen
ts b
alan
ces
repr
esen
t sh
ort–
term
dep
osits
w
ith a
less
than
90–
day
mat
urity
. O
ther
rece
ivab
les
are
norm
ally
with
no
fixed
term
s an
d th
eref
ore
ther
e is
no
mat
urity
. 26
e.
Liqu
idity
risk
– F
inan
cial
liab
ilitie
s m
atur
ity a
naly
sis
The
liqui
dity
ris
k is
man
aged
on
the
basi
s of
exp
ecte
d m
atur
ity d
ates
of t
he fi
nanc
ial l
iabi
litie
s.
All
finan
cial
liab
ilitie
s of
the
Asso
ciat
ion
are
due
with
in o
ne y
ear.
The
aver
age
cred
it pe
riod
take
n to
set
tle tr
ade
paya
bles
is a
bout
30
days
(201
5: 3
0 da
ys).
The
othe
r pay
able
s ar
e w
ith s
hort–
term
dur
atio
ns.
Th
e A
ssoc
iatio
n ha
s su
ffici
ent c
ash
bala
nces
to s
uppo
rt ca
sh c
omm
itmen
ts fr
om th
eir
exis
ting
liabi
litie
s. A
ccor
ding
ly, t
he A
ssoc
iatio
n ut
ilised
min
imum
ban
king
faci
litie
s.
26
f. In
tere
st ra
te ri
sk
The
inte
rest
rate
risk
exp
osur
e is
mai
nly
from
cha
nges
in in
tere
st ra
tes
on in
tere
st b
earin
g fix
ed
depo
sits
. The
inte
rest
rate
risk
on
finan
cial
ass
ets
and
finan
cial
liab
ilitie
s is
not
sig
nific
ant.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
40
27.
Ope
ratin
g le
ase
com
mitm
ents
– a
s le
ssee
A
t th
e en
d of
the
rep
ortin
g ye
ar,
the
tota
ls o
f fu
ture
min
imum
lea
se p
aym
ent
com
mitm
ents
un
der n
on–c
ance
llabl
e op
erat
ing
leas
es a
re a
s fo
llow
s:
20
16
20
15
$
$
(a)
Ren
tal o
f equ
ipm
ent
Ren
tal o
f Equ
ipm
ent
W
ithin
one
yea
r 42
,395
41,2
43
Afte
r one
yea
r but
not
mor
e th
an 5
yea
rs
56,8
02
60
,342
99,1
97
10
1,58
5
R
enta
l exp
ense
for e
quip
men
t 52
,015
34,6
93
(b)
Land
rent
al
W
ithin
one
yea
r 2,
601,
940
2,
529,
387
Afte
r one
yea
r but
not
mor
e th
an 5
yea
rs
2,85
4,66
4
1,99
0,70
4
5,45
6,60
4
4,52
0,09
1
R
enta
l exp
ense
for l
and
2,56
9,21
5
2,58
5,67
2 Th
e la
nd r
enta
l is
paya
ble
to th
e S
inga
pore
Lan
d A
utho
rity
(SLA
) / M
inis
try o
f Soc
ial a
nd
Fam
ily D
evel
opm
ent (
MS
F) fo
r the
land
/ pr
emis
es o
ccup
ied
by th
e S
choo
ls a
nd C
entre
for
Adu
lts.
The
aver
age
leas
e te
rm is
3 y
ears
. Th
e re
ntal
is f
ully
fun
ded
and
paid
by
MO
E
dire
ctly
to S
LA fo
r the
Sch
ools
and
90%
fund
ed a
nd re
imbu
rsed
by
MS
F fo
r CFA
.
28.
Expe
nditu
re c
omm
itmen
ts
At t
he e
nd o
f the
repo
rting
yea
r, th
e to
tal o
f fut
ure
expe
nditu
re c
omm
itmen
ts u
nder
con
tract
ual
serv
ice
agre
emen
t is
as fo
llow
s:
20
16
$
2015
$
Not
late
r tha
n on
e ye
ar
276,
642
28
2,06
4 A
fter o
ne y
ear b
ut n
ot m
ore
than
5 y
ears
5,
457
21
7,84
1
282,
099
49
9,90
5
S
ervi
ce e
xpen
ses
304,
507
28
7,38
9 Th
e co
mm
itted
pay
men
ts a
re f
or s
ecur
ity s
ervi
ces
for
a pe
riod
of 2
yea
rs e
ffect
ive
from
1
Janu
ary
2015
.
78 79| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATE
MEN
TS
FO
R T
HE
REP
OR
TIN
G Y
EAR
EN
DED
31
MA
RC
H 2
016
41
29.
Ope
ratin
g le
ase
inco
me
com
mitm
ents
– a
s le
ssor
A
t the
end
of t
he r
epor
ting
year
the
tota
l of f
utur
e m
inim
um le
ase
rece
ivab
les
com
mitt
ed u
nder
no
n-ca
ncel
labl
e op
erat
ing
leas
es a
re a
s fo
llow
s:
2016
2015
$
$
W
ithin
one
yea
r 72
,750
78,0
00
Afte
r one
yea
r but
not
mor
e th
an 5
yea
rs
81,0
00
13
,000
153,
750
91
,000
R
enta
l inc
ome
for t
he y
ear
78,0
00
65
,000
O
pera
ting
leas
e in
com
e co
mm
itmen
ts a
re f
or t
he i
nves
tmen
t pr
oper
ties.
The
lea
se r
enta
l in
com
e te
rms
are
nego
tiate
d fo
r an
aver
age
term
of 2
yea
rs.
30
. C
apita
l com
mitm
ents
A
mou
nts
com
mitt
ed a
t the
end
of t
he re
porti
ng y
ear f
or fu
ture
exp
endi
ture
but
not
reco
gnis
ed in
th
e fin
anci
al s
tate
men
ts a
re a
s fo
llow
s:
2016
2015
$
$
C
omm
itmen
ts to
pur
chas
e pl
ant a
nd e
quip
men
t 10
1,87
4
157,
776
31.
Cha
nges
and
ado
ptio
n of
fina
ncia
l rep
ortin
g st
anda
rds
For t
he c
urre
nt re
porti
ng y
ear,
new
or r
evis
ed S
inga
pore
Fin
anci
al R
epor
ting
Sta
ndar
ds a
nd th
e re
late
d In
terp
reta
tions
to F
RS
(“IN
T FR
S”)
wer
e is
sued
by
the
Sin
gapo
re A
ccou
ntin
g S
tand
ards
C
ounc
il. T
hose
app
licab
le t
o th
e re
porti
ng e
ntity
are
lis
ted
belo
w.
Thes
e ap
plic
able
new
or
revi
sed
stan
dard
s di
d no
t req
uire
any
mod
ifica
tion
of th
e m
easu
rem
ent m
etho
ds o
r pre
sent
atio
n in
the
finan
cial
inst
rum
ents
.
FR
S N
o.
Title
FR
S 1
A
men
dmen
ts to
FR
S 1
: Dis
clos
ure
Initi
ativ
e (e
arly
app
licat
ion)
32
. N
ew a
men
ded
stan
dard
s in
issu
e bu
t not
yet
effe
ctiv
e Th
e fo
llow
ing
new
or r
evis
ed S
inga
pore
Fin
anci
al R
epor
ting
Sta
ndar
ds (“
FRS”
) and
the
rela
ted
Inte
rpre
tatio
ns to
FR
S (“
INT
FRS
”) is
sued
by
the
Sin
gapo
re A
ccou
ntin
g S
tand
ards
Cou
ncil
and
thes
e w
ill o
nly
be e
ffect
ive
for
futu
re r
epor
ting
year
s. T
he t
rans
fer
to t
he a
pplic
able
new
or
revi
sed
stan
dard
s fro
m th
e ef
fect
ive
date
s is
not
exp
ecte
d to
res
ult i
n m
ater
ial a
djus
tmen
ts to
th
e fin
anci
al p
ositi
on, r
esul
ts o
f ope
ratio
ns, o
r cas
h flo
ws
for t
he fo
llow
ing
year
.
FRS
No.
Ti
tle
Effe
ctiv
e da
te fo
r pe
riods
beg
inni
ng
on o
r afte
r FR
S 1
09
Fina
ncia
l Ins
trum
ents
1
Jan
2018
42
The
Acc
ompa
nyin
g Su
pple
men
tary
Bre
akdo
wn
of In
com
ing
Res
ourc
es a
nd E
xpen
ditu
re b
y
Cen
tres
Has
Bee
n Pr
epar
ed F
or M
anag
emen
t Pur
pose
s O
nly
And
Doe
s N
ot F
orm
Par
t Of T
he A
udite
d Fi
nanc
ial S
tate
men
ts
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
SU
PPLE
MEN
TAR
Y B
REA
KD
OW
N O
F IN
CO
MIN
G R
ESO
UR
CES
AN
D E
XPEN
DIT
UR
ES
CH
AO
YAN
G
SC
HO
OL
KA
TON
G
SC
HO
OL
TAN
GLI
N
SC
HO
OL
DE
LTA
S
EN
IOR
S
CH
OO
L
HQ
CE
NTR
E F
OR
A
DU
LTS
AP
SN
S
TUD
EN
T C
AR
E
CE
NTR
E
INTR
A-
CE
NTR
E
ELI
MIN
ATI
ON
2016
FI
NA
L TO
TAL
2015
FI
NA
L TO
TAL
$
$
$
$
$
$
$
$
$
$
INC
OM
ING
RES
OU
RC
ES
A
mor
tisat
ion
of d
efer
red
capi
tal g
rant
74
,882
83,4
44
94
,004
216,
380
19
6,79
4
435,
685
64
0
-
1,10
1,82
9
998,
561
Don
atio
ns
–
Des
igna
ted
dona
tions
& g
rant
74
,857
98,1
17
47
,725
32,2
09
91
1,42
8
538,
993
10
1,50
0
-
1,80
4,82
9
1,27
6,84
1 –
Gen
eral
don
atio
ns
-
-
-
7,60
0
-
-
-
-
7,60
0
179,
515
– D
onat
ion
in k
ind
10,2
14
17
,824
7,14
9
24,1
23
17
6,88
8
3,53
7
310
-
24
0,04
5
146,
483
Gra
nt fr
om M
SF
–
HR
dev
elop
men
t fun
ding
-
-
-
-
58
,846
-
-
-
58,8
46
37
,500
–
Ope
ratin
g gr
ants
-
-
-
-
-
50
1,27
4
73,6
19
-
57
4,89
3
558,
853
– La
nd re
ntal
/ TO
L gr
ant
-
-
-
-
-
226,
819
19
,101
-
245,
920
26
8,33
7 G
rant
from
MO
E
– O
pera
ting
gran
ts
3,84
7,35
7
3,26
6,70
1
3,75
0,58
4
7,14
6,91
2
-
-
-
-
18,0
11,5
54
15
,002
,294
–
MO
E sp
ecia
l pur
pose
gra
nts
220,
209
27
9,93
7
208,
522
16
0,46
6
-
-
-
-
869,
134
78
4,82
5 –
MO
E fu
nds
218,
270
33
5,55
9
332,
684
39
9,06
7
-
-
-
-
1,28
5,58
0
1,19
7,01
4 –
Land
rent
al /
TOL
gran
t 62
2,06
2
547,
279
66
2,11
5
491,
644
-
-
-
-
2,
323,
100
2,
317,
150
Gra
nt fr
om N
CS
S
– O
pera
ting
gran
ts
1,38
2,23
3
1,19
3,42
5
1,40
2,16
4
2,64
4,21
3
-
422,
181
-
-
7,
044,
216
6,
069,
842
– H
Q c
osts
app
ortio
nmen
t 12
4,61
6
124,
616
12
4,61
6
124,
616
-
87
,965
-
-
586,
429
53
2,22
5 –
SP
ED
fina
ncia
l ass
ista
nce
sche
me
– N
CS
S s
hare
10
,879
10,4
44
13
,812
18,1
40
-
-
-
-
53
,275
48,3
38
– P
rovi
sion
for u
nder
/ (o
ver)
fund
ing
NC
SS
40
,763
14,8
07
(1
4,96
2)
(8
34)
-
-
-
-
39
,774
(50,
554)
In
tere
st in
com
e 19
,288
20,8
53
32
,700
19,4
01
26
,375
2,06
4
38
-
12
0,71
9
89,0
61
Mis
cella
neou
s in
com
e 89
8
890
14
,270
1,16
2
1,07
0
674
-
-
18
,964
23,0
86
Pro
gram
me
sale
s an
d se
rvic
es
-
-
-
-
-
113,
002
-
-
11
3,00
2
92,6
74
Pro
gram
me
sale
s an
d se
rvic
es (D
esig
nate
d)
-
-
-
-
-
76,3
67
76
,367
134,
161
Pro
gram
me
sale
s an
d se
rvic
es (I
ntra
–div
isio
n ch
arge
s)
-
-
-
-
-
8,40
0
-
(8,4
00)
-
-
Pro
gram
me
/ sch
ool f
ees
–
Loca
l stu
dent
s 68
,240
49,4
80
60
,440
86,9
20
-
47
,150
14,7
74
-
32
7,00
4
343,
649
– Fo
reig
n st
uden
ts
-
96,7
80
48
,390
40,0
68
-
-
-
-
18
5,23
8
252,
729
Ren
tal i
ncom
e -
-
-
-
78
,000
-
-
-
78,0
00
65
,000
Tr
ust f
und
inco
me
153,
474
37
5,96
5
133,
391
38
,401
411,
411
1,
431,
102
-
-
2,
543,
744
1,
420,
010
TOTA
L IN
CO
MIN
G R
ESO
UR
CES
6,
868,
242
6,
516,
121
6,
917,
604
11
,450
,488
1,86
0,81
2
3,89
5,21
3
209,
982
(8
,400
)
37,7
10,0
62
31
,787
,594
The
acco
mpa
nyin
g su
pple
men
tary
bre
akdo
wn
of in
com
ing
reso
urce
s an
d ex
pend
iture
by
cent
res
has
been
pre
pare
d fo
r man
agem
ent p
urpo
ses
only
and
doe
s no
t for
m p
art o
f the
au
dite
d fin
anci
al s
tate
men
ts.
80 81| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
SU
PPLE
MEN
TAR
Y B
REA
KD
OW
N O
F IN
CO
MIN
G R
ESO
UR
CES
AN
D E
XPEN
DIT
UR
ES
CH
AO
YAN
G
SC
HO
OL
KA
TON
G
SC
HO
OL
TAN
GLI
N
SC
HO
OL
DE
LTA
SE
NIO
R
SC
HO
OL
H
Q
CE
NTR
E F
OR
A
DU
LTS
AP
SN
S
TUD
EN
T C
AR
E C
EN
TRE
INTR
A-
CE
NTR
E
ELI
MIN
ATI
ON
2016
FI
NA
L TO
TAL
2015
FI
NA
L TO
TAL
$
$
$
$
$
$
$
$
$
$
RES
OU
RC
ES E
XPEN
DED
(CO
NT’
D)
S
mal
l equ
ipm
ent a
nd fu
rnitu
re (<
$1,0
00)
11,9
56
9,
308
20
,253
28,1
26
4,
916
5,
251
1,
000
-
80
,810
50,9
06
Sta
ff re
crui
tmen
t exp
ense
s 1,
181
83
7
275
83
3
875
78
2
141
-
4,
924
8,
169
Sta
ff tra
inin
g &
dev
elop
men
t -
-
-
18
,307
17,5
76
14
,757
-
-
50,6
40
47
,589
S
taff
trans
port
expe
nses
99
1
1,49
5
2,99
6
7,05
6
10,6
48
6,
926
-
-
30
,112
35,4
71
Sta
ff w
elfa
re e
xpen
ses
73,0
32
59
,966
80,7
22
11
4,45
1
33,8
76
7,
136
3,
129
-
37
2,31
2
354,
629
Sta
mp
dutie
s an
d pr
oces
sing
fee
-
6,33
7
-
5,85
1
-
-
-
-
12,1
88
8,
465
Sta
tione
ry a
nd s
uppl
ies
35,6
17
12
,196
16,6
97
76
,980
48,5
93
10
,464
2,02
5
-
202,
572
18
9,41
0 Tr
ust f
und
expe
nses
14
7,29
2
168,
851
88
,887
29,0
25
36
3,09
0
1,07
0,84
4
-
-
1,86
7,98
9
882,
426
Tran
spor
t sub
sidy
for s
tude
nts
1,33
4
11,1
21
24
,173
31,8
43
-
-
16
5
-
68,6
36
90
,582
U
tiliti
es
55,7
33
62
,425
54,5
45
12
6,94
8
8,76
3
43,3
73
2,
983
-
35
4,77
0
409,
197
Writ
ten
off -
Inve
ntor
ies
-
-
-
-
-
-
-
-
-
1,74
4 U
tilis
atio
n of
fund
s -
-
-
-
(9
1,13
7)
(1
,066
,031
)
(101
,500
)
-
(1,2
58,6
68)
(6
77,4
30)
Tota
l res
ourc
es e
xpen
ded
5,62
4,76
8
5,56
4,67
9
6,60
3,18
5
9,74
6,83
4
1,02
1,69
9
3,63
6,39
1
185,
544
(8
,400
)
32,3
74,7
00
28
,982
,521
S
urpl
us fo
r the
Yea
r 1,
243,
474
95
1,44
2
314,
419
1,
703,
654
83
9,11
3
258,
822
24
,438
-
5,33
5,36
2
2,80
5,07
3 Le
ss: T
rans
fer f
rom
(to)
var
ious
fund
s
– D
esig
nate
d do
natio
ns
(48,
151)
(37,
024)
(8,3
35)
(5
,799
)
(599
,849
)
69,2
78
-
-
(6
29,8
80)
(5
16,0
49)
– M
OE
fund
s 83
,544
(41,
165)
74,2
40
(3
4,92
9)
-
-
-
-
81
,690
(48,
639)
–
Trus
t fun
ds
(6,1
82)
(2
07,1
14)
(4
4,50
4)
(9
,376
)
(48,
321)
(360
,258
)
-
-
(675
,755
)
(537
,584
) N
et s
urpl
us /
(def
icit)
tran
sfer
to
accu
mul
ated
fund
1,
272,
685
66
6,13
9
335,
820
1,
653,
550
19
0,94
3
(32,
158)
24,4
38
-
4,
111,
417
1,
702,
801
Rep
rese
nted
by
accu
mul
ated
fund
Bal
ance
at b
egin
ning
of t
he y
ear
3,23
4,55
5
2,53
9,42
9
4,00
7,40
2
9,73
4,86
9
739,
413
77
9,60
2
20,6
96
-
21
,055
,966
19,4
27,9
27
Net
Sur
plus
/ (d
efic
it) fo
r the
yea
r 1,
272,
685
66
6,13
9
335,
820
1,
653,
550
19
0,94
3
(32,
158)
24,4
38
-
4,
111,
417
1,
702,
801
Add
/ (L
ess)
: P
rior y
ears
und
er /
(ove
r) fu
ndin
g
– N
CS
S / M
SF/
Tote
Boa
rd
25,9
35
-
-
(2
,062
)
-
(630
)
-
-
23,2
43
(7
4,76
2)
Bal
ance
at e
nd o
f the
yea
r 4,
533,
175
3,
205,
568
4,
343,
222
11
,386
,357
930,
356
74
6,81
4
45,1
34
-
25
,190
,626
21,0
55,9
66
Th
e ac
com
pany
ing
supp
lem
enta
ry b
reak
dow
n of
inco
min
g re
sour
ces
and
expe
nditu
re b
y ce
ntre
s ha
s be
en p
repa
red
for m
anag
emen
t pur
pose
s on
ly a
nd d
oes
not f
orm
par
t of
the
audi
ted
finan
cial
sta
tem
ents
.
ASS
OC
IATI
ON
FO
R P
ERSO
NS
WIT
H S
PEC
IAL
NEE
DS
(Reg
iste
red
in S
inga
pore
und
er th
e C
harit
ies
Act
, Cap
. 37
and
Soci
etie
s A
ct, C
ap 3
11)
(UEN
: S
75SS
0058
K)
SU
PPLE
MEN
TAR
Y B
REA
KD
OW
N O
F IN
CO
MIN
G R
ESO
UR
CES
AN
D E
XPEN
DIT
UR
ES
CH
AO
YAN
G
SC
HO
OL
KA
TON
G
SC
HO
OL
TAN
GLI
N
SC
HO
OL
DE
LTA
S
EN
IOR
S
CH
OO
L
HQ
CE
NTR
E F
OR
A
DU
LTS
AP
SN
S
TUD
EN
T C
AR
E
CE
NTR
E
INTR
A-
CE
NTR
E
ELI
MIN
ATI
ON
2016
FI
NA
L TO
TAL
2015
FI
NA
L TO
TAL
$
$
$
$
$
$
$
$
$
$
RES
OU
RC
ES E
XPEN
DED
Aud
it fe
e 11
,214
11,2
13
11
,214
8,32
4
9,25
0
10,8
44
-
-
62
,059
41,4
55
Ban
k ch
arge
s
489
59
4
837
1,
068
1,
226
58
7
480
-
5,
281
4,
969
Clie
nt a
llow
ance
-
-
-
-
-
59
,081
-
-
59,0
81
82
,236
C
omm
unic
atio
n an
d po
stag
es
9,47
3
6,30
3
9,74
7
20,0
54
15
,446
12,8
48
-
-
73
,871
60,7
47
Dep
reci
atio
n of
pro
perty
, pla
nt a
nd e
quip
men
t 12
6,62
0
210,
695
21
0,27
8
433,
609
18
1,50
2
511,
047
1,
206
-
1,
674,
957
1,
476,
697
Dep
reci
atio
n of
inve
stm
ent p
rope
rties
-
-
-
-
36
,658
-
-
-
36,6
58
36
,658
D
esig
nate
d do
natio
n ex
pens
es
26,7
06
61
,093
39,3
90
26
,410
311,
579
68
4,63
8
101,
500
-
1,
251,
316
89
4,95
3 D
onat
ion
in k
ind
expe
nses
10
,214
17,8
24
7,
149
24
,123
176,
888
3,
537
21
0
-
239,
945
14
9,48
3 E
duca
tiona
l and
teac
hing
mat
eria
ls
43,9
68
21
,825
28,6
21
26
7,79
6
-
-
3,93
1
-
366,
141
30
8,06
4 E
mpl
oyee
sal
arie
s an
d be
nefit
s ex
pens
e 3,
429,
414
3,
427,
438
4,
268,
104
6,
420,
403
1,
798,
738
1,
620,
199
13
5,11
2
-
21,0
99,4
08
19
,041
,372
H
ead
offic
e co
st a
lloca
tion
124,
616
12
4,61
6
124,
616
12
4,61
6
(586
,429
)
87,9
65
-
-
-
-
Insu
ranc
e (P
rope
rty, l
iabi
lity
& w
orkm
en c
ompe
nsat
ion)
4,
223
4,
129
5,
219
6,
887
6,
234
1,
676
83
4
-
29,2
02
37
,645
In
gred
ient
s an
d m
ater
ials
-
-
-
-
-
46
,795
-
-
46,7
95
69
,167
La
nd re
ntal
62
2,25
7
547,
279
66
2,11
5
491,
644
-
22
6,81
9
19,1
01
-
2,
569,
215
2,
585,
672
Lice
nse
fees
-
-
29
5
730
-
-
-
-
1,
025
1,
226
Loss
on
disp
osal
of f
ixed
ass
ets
47
19
8
18
(1
,729
)
532
9,
809
-
-
8,
875
53
4 M
aint
enan
ce o
f equ
ipm
ent a
nd v
ehic
les
27,7
66
51
,473
39,2
60
84
,707
3,05
0
25,0
07
-
-
23
1,26
3
206,
278
Mai
nten
ance
of p
rem
ises
62
,929
50,9
06
50
,651
202,
079
13
,742
17,4
42
6,
131
-
40
3,88
0
390,
509
Mai
nten
ance
of p
rem
ises
(Int
ra–d
ivis
ion
char
ges)
-
-
-
8,
400
-
-
-
(8
,400
) -
-
Mem
bers
hip
fee
1,14
0
600
80
9
-
2,46
9
-
-
- –
5,01
8
3,07
1 M
OE
fund
exp
ense
s 30
1,81
4
294,
394
40
6,92
4
364,
138
-
-
-
-
1,
367,
270
1,
148,
375
Pro
fess
iona
l fee
s 20
,030
-
-
-
-
-
-
-
20,0
30
20
,613
P
rope
rty ta
x -
-
-
-
4,
960
-
-
-
4,
960
9,
053
Pur
chas
e of
con
tract
ser
vice
s 67
,596
87,1
28
71
,861
77,9
22
-
-
-
-
30
4,50
7
287,
389
Ren
tal o
f equ
ipm
ent
5,99
6
4,09
3
6,46
1
26,2
97
3,
929
5,
239
-
-
52
,015
34,6
93
Sch
ool f
ees
unco
llect
ible
writ
ten–
off
-
-
258
12
0
-
750
-
-
1,
128
2,
912
Sch
ool f
unct
ion
and
activ
ities
85
,866
33,3
17
68
,295
311,
977
6,
703
47
5
1,00
0
-
507,
633
54
3,10
5 S
choo
l bre
akfa
st p
rogr
amm
e 18
,080
6,73
5
-
-
-
-
-
-
24,8
15
15
,585
S
PE
D fi
nanc
ial a
ssis
tanc
e sc
hem
e 29
,010
27,8
50
36
,833
48,3
74
-
-
-
-
14
2,06
7
128,
902
Sha
red
expe
nses
cur
ricul
um, I
T su
ppor
t, co
mm
unic
atio
n an
d pu
blic
ity, a
dmis
sion
and
revi
ew, e
tc.
268,
164
24
2,44
0
265,
682
35
9,46
5
(1,3
61,9
78)
21
8,13
1
8,09
6
-
-
- Th
e ac
com
pany
ing
supp
lem
enta
ry b
reak
dow
n of
inco
min
g re
sour
ces
and
expe
nditu
re b
y ce
ntre
s ha
s be
en p
repa
red
for
man
agem
ent p
urpo
ses
only
and
doe
s no
t for
m p
art o
f th
e au
dite
d fin
anci
al s
tate
men
ts.
82 83| APSN ANNUAL REPORT 2015 - 2016 APSN ANNUAL REPORT 2015 - 2016 |
84 | APSN ANNUAL REPORT 2015 - 2016
