Page 86 - Annual_Report_2020_2021

AGENCY FOR VOLUNTEER SERVICE

STATEMENT OF CHANGES IN FUNDS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021

Agency’s funds Restricted funds
Provident
Agency Operation HAB fund reserve Other Other
General development contingency subvention Lump sum under lump Block grant designated allocated
fund fund fund reserve grant reserve sum grant reserve services funds Total

HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$

Balance at 1 April 2020 4,221,111 5,347,501 2,940,000 834,753 1,061,630 242,284 378,913 2,680,662 - 17,706,854

Surplus/(deficit) for the year 2,524,178 - - - - - - (831,256) - 1,692,922
Transfer (from)/to General fund to/(from)
Lump sum grant reserve, Provident fund
reserve under lump sum grant and Block
grant reserve (613,659) - - - 79,475 37,466 (33,703) - - (530,421)
Transfer to General fund (from) HAB
subvention reserve 287,020 - - (372,266) - - - - - (85,246)
Transfers of funds upon completion of
designated projects:
- Inno Carnival 2020 8,328 - - - - - - (8,328) - -
- 50A Tree Planting Day (8,812) - - - - - - 8,812 - -
- Stand with Medics 988 - - - - - - (988) - -
- Online Payment by Fusion (30,000) - - - - - - 30,000 - -
- Walking with Elderly in Community - - - - - - - (101,324) - (101,324)
- Fight Coronavirus Together Volunteer
Care Action - - - - - - - (23,114) - (23,114)

Balance at 31 March 2021 6,389,154 5,347,501 2,940,000 462,487 1,141,105 279,750 345,210 1,754,464 - 18,659,671

The accompanying notes form an integral part of these financial statements.
15

AGENCY FOR VOLUNTEER SERVICE

STATEMENT OF CHANGES IN FUNDS
FOR THE YEAR ENDED 31 MARCH 2021

Agency’s funds Restricted funds
Provident
Agency Operation HAB fund reserve Other Other
development contingency subvention Lump sum under lump Block grant designated allocated
General fund fund fund reserve grant reserve sum grant reserve services funds Total

HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$

Balance at 1 April 2019 3,652,243 5,347,501 2,300,000 1,101,098 956,091 154,938 283,724 2,335,187 - 16,130,782

Surplus for the year 2,565,257 - - - - - - 434,517 - 2,999,774
Transfer (from) General fund to Lump sum grant
reserve, Provident fund reserve under lump sum
grant and Block grant reserve (1,356,137) - - - 105,539 87,346 95,189 - - (1,068,063)
Transfer to General fund (from) HAB subvention
reserve 76,210 - - (266,345) - - - - - (190,135)
Transfer (from) General fund to Operation contingency
fund (640,000) - 640,000 - - - - - - -
Transfers of funds upon completion of the Volunteer
Talent Bank 2017-20 (110,454) - - - - - - - - (110,454)
Transfers of funds upon completion of designated
projects:
- Inno Carnival 2019 16,184 - - - - - - (16,184) - -
- IoV Restructuring - - - - - - - (3,888) - (3,888)
- Share-to-care Volunteer Campaign 25,531 - - - - - - (25,531) - -
- TDC Database System Development Project (10,660) - - - - - - 10,660 - -

- UNV – Hong Kong Universities Volunteer
Internship Programme 2,937 - - - - - - (2,937) - -
- Social Welfare Development Fund Phase III
(Training & Professional Development
Programmes) - - - - - - - (51,162) - (51,162)

Balance at 31 March 2020 4,221,111 5,347,501 2,940,000 834,753 1,061,630 242,284 378,913 2,680,662 - 17,706,854

14