Page 96 - avs_ar_2019_2020

Total HK$ 4,742,900 2,320,300 924,784 1,694,729 9,682,713 was of Total HK$ 100,692 34,136 290,564 15,561 440,953
- decision - - - - -
- - - - 2020
Allocated projects HK$ Allocated projects HK$
2019 2,500 - 286,474 (37,849) 248,625 March 7 the to 2019 327 - - - 327
Designated projects HK$ 605,800 1,484,469 2,092,769 HK$ on prior Designated projects HK$

activity 34,136 15,561
Recurrent programmes HK$ 4,740,400 1,714,500 924,784 210,260 7,589,944 incurred Recurrent programmes HK$ 100,365 290,564 440,626

Total Allocated projects HK$ HK$ 4,882,700 - 3,430,415 - 1,247,115 - 1,428,487 - 10,988,717 - Due to the outbreak of COVID-19 and in line with the policies on social distancing and flag-selling outdoor the cancelled. Notwithstanding the cancellation of the outdoor flag selling, certain expenditure been had recruitment, The net proceeds of HK$248,625 from the Flag Da

AGENCY FOR VOLUNTEER SERVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 Allocations, donations and fundraising income 2020 Designated Recurrent projects programmes HK$ HK$ Community - 4,882,700 Kong Hong Club 1,715,915 1,714,500 Charities Trust - 1,247,115 income (note a) 1,219,123 209,364 donation income 2,935,038 8,053,679 Fund raising income 2020

6. The Chest The Jockey Fund raising Sponsorship/ Note a: Income for 7. Interest income Membership Administration Sundry income

including significant changes in external market indicators which involved significant
the probability of default of the instruments and incorporated forward looking information,
The Agency has used relevant historical information and loss experience to determine
ECLs are unbiased probability-weighted estimates of credit losses which are determined
by evaluating a range of possible outcomes and taking into account past events, current
Total HK$ 10,000,000 3,089,438 5,646,358 407,260 71,000 - 170,000 59,040 19,443,096 Garden

Western
- - 407,260 - - 170,000 59,040
Designated projects HK$ 3,089,438 3,725,738
2019 the
of

- - - - -
Recurrent programmes HK$ 10,000,000 5,646,358 71,000 15,717,358 operation

2020 Total Designated projects HK$ HK$ 11,039,782 - 3,281,358 3,281,358 6,546,273 - 558,006 558,006 95,000 - 156,374 156,374 - - - - 21,676,793 3,995,738 The subvention for recurrent programmes was for the operation of the Agency and the for was “LSG”) 30

AGENCY FOR VOLUNTEER SERVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 Critical accounting estimates and judgements (Continued) Expected credit losses (ECL) on receivables conditions and assessment of future economic conditions. estimates and judgements. Government subventions and funds Recurrent programmes HK$ 11,039,782 - Social Welfare Department

4. (b) 5. Home Affairs Bureau - Subvention (note a) - Other grants and funds - Lump sum grant (note b) Fund (note 17) - Furniture and Equipment Works Block Grant (note 18) - Other grants and funds Commission on Poverty Others Notes: (a) (b)