Page 98 - Annual_Report_2020_2021

projects with designated purposes. The services with material movements during the year or
Balances of government grants and funds, donations and sponsorships were for service
enabled 2020 HK$ - 361,920 (1,782) 360,138 360,138 2020 HK$ 147,395 23,800 (20,897) 2,903 150,298
6th round of UNV-Hong Kong Universities Volunteer Internship Programme – Operation
programme 2021 HK$ 360,138 234,290 (232,508) 1,782 361,920 ) 2021 HK$ 150,298 17,000 (605) 16,395 166,693

the
HAB,
the
by
funded and UNV undergraduate volunteers to participate in volunteer assignments aboard. Funding was allocated to cover the operation cost incurred by the Agency and the fieldwork for the undergraduate volunteers. The programme was deferred due to outbreak of COVID-19 Sales proceeds from Elderly Charity Tickets are specifically used for provision of needed elderly service. Movements during the year were as follows: 39

AGENCY FOR VOLUNTEER SERVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Other designated services (Continued) balances as at 31 March 2021 were disclosed below: cost and Fieldwork the with collaboration In virus. Movements during the year were as follows: Balance brought forward Total income for the year Total expenditure for the year Surplus for the year Balance carried forward (b) Care for the Elde

18. (a)

Operation Contingency Fund has been set up to meet contingencies and any unforeseen
2020 HK$ 2,300,000 640,000 2,940,000 2020 HK$ 45,508 - 360,138 150,298 26,823 220,718 824,549 107,669 509,844 - 131,532 110,638 58,200 - - 134,745 - 2,680,662

2021 HK$ 2,940,000 - 2,940,000 2021 HK$ 44,608 24,740 361,920 166,693 - 124,282 1,677,710 225,437 254,900 8,252 (15,617) - 22,654 31,352 (1,271,900) 116,852 (17,419) 1,754,464

38

AGENCY FOR VOLUNTEER SERVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Operation Contingency Fund financial needs of the Agency. Movements during the year were as follows: Balance brought forward Transfer from General Fund Balance carried forward Other designated services 4C Youth Volunteer Leadership Project “Self-initiated Service Subsidy Scheme” 50A-Souvenir Book 6 th round of UNV-Hong Kong Universities

17. 18.