REG. NO. 133 (JOHOR) PERSATUAN CEREBRAL PALSY JOHOR (Wohor Cerebral Palsy Associaton) REPORTS AND FINANCIAL STATEMENTS 31" December 2015, CONTENTS Statement by Directors Balance Sheet Statement of Income and Expenditure Cash flow statement Notes tothe Financial Statement Independent Autor’ Report PAGE No,REG. NO. 133 JOHOR) (Gotor Cerebral Palsy Assoaiatio) [STATEMENT BY THE BOARD OF DIRECTORS. ‘The Board of Directors do hcoby site that, in ther inion the acsomanyng Balance ‘Sheet, Income and Expendture Statement logoter wit the notes thereto ae dn UP 'n accordance wth the rdes ofthe Assocation, be provilns of the Sects Act, 1088 ‘2nd Piva Entty Reportng Standards so a8 to ge = te snd fa View of be sito of ‘fats othe Associaton at 31" Docemesr 2018 ana he fnancal pecormance rhe fot ced an that eae, SIGNED ON BEHALF OF THE BOARD OF DIRECTORS IN ACCORDANCE WITH A RESOLUTION OF THE BOARD. IKU VAN NAZMAH BTE TUNKU LAXAMANA NASIR Chaiman Due IRMOHD KHIR BIN MUHAMMAD Honorsy Seneiay 24 APR 206 PagetREG. NO. 133 (JOHOR) (Johor Cerebral Palsy Association) BALANCE SHEET - 31" December 2015 NON-CURRENT ASSETS Property, lant and eupment (CURRENT ASSETS Other receivables and deposits (Gash and bank balances Fired deposits wth leensed benks TOTAL ASSETS ACCUMULATED FUND DEFERRED INCOME, (CURRENT LIABILITIES (Other payables and accruals TOTAL FUND AND LIABILITIES ‘The above balance sheet Is to be read in conjunction withthe notes tothe franca statements on pages 510 9, 201s RM 3,018,049 ‘300,000 3318, 049 76.243 195,782 ss4.049 767.038 4485 087 RM 3,778,187 700,000 5,800 4,485,087 ‘Auditors! Report- Pages 10 and 11, Page 2 2016 Restated RM 3,050,801 300,000 3.350807 78,996 1885851 4,186,038, 5.463,586 814,487 RM 44,006,187 800,000 8,300 514887REG. NO. 183 (JOHOR) PER (Johor Cerebral Palsy Associaton} ‘STATEMENT OF INCOME AND EXPENDITURE. forthe financial year ended 31" December 2015, 2018 2014 Note RM RM INcome 7 1.857050 1,587,965 EXPENDITURE (7,884,050) _ (2.018.683) DEFICIT OF INCOME OVER EXPENDITURE FOR THE FINANCIAL YEAR ‘The above bal with the notes © 12 shaetis to be reed in conjunction financial statemnts on pagee 5109 ‘Auster Report» Pages 10 and 11 PageREG. NO. 133 (JOHOR) PERSATUAN CEREBRAL PALSY JOHOR (Conor Cerebral Palsy Assocation) (CASH FLOW STATEMENT - 31" December 2015 CASH FLOWS FROM OPERATING ACTIVITIES Defic oF Income over expenditure ‘Adjustments for: Depreciation Interest income Surplul(Defct befere working captal changes. Decrease in receivables and prepayment Decrease in payables and provisions NET CASH USED IN OPERATING ACTIVITIES. CASH FLOWS FROM INVESTING ACTIVITIES. Interest income Purchase of progerty.plant and equipment Purchase of Investments NET CASH USED IN INVESTING ACTIVITIES NET DECREASE IN CASH AND CASH EQUIVALENTS. CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR ‘CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR * * Cash and Cash Equivalents comprise of: Cash in hand Gash at tanks Fhied deposits wih leonse banks aos RM (227,000) 305,733 (33.501) 0,182 2783 (102,400) 98,501 (272,881) (234,390) (293,695) +1384,690 4,090,795 +000 196,782 394043 7080,795 “The above balance sheets to be res in conjunction with the notes tothe tnancla statements on pago8 8. 9. ‘Auditors’ Report - Pages 10 and 11 Page + 201d RM (430,928), 209,211 (66,369) (214,086) 1477 100.556), 913,165) 6,360 (110,411) (00,000) (344,042) (687,207) 2,041,897 1.304.680 4000 1971851REG. NO. 133 (JOHOR) (Gohor Cerebral Palsy Association) NOTES TO THE FINANCIAL STATEMENTS -31* December 2015 SIGNIFICANT ACCOUNTING POLICIES (2) Basis of Accounting “The financial statements of the Association are prepared under tho historical ost ‘convertion and comply with the provsions of the Societios Act, 1968. and picable approved accounting standards for private eniites issued by the Malaysisn Accounting Standards Board (0) Property, Plant and Equipment Property, plant and equipment are slated at cost lege accumulated depreciation and less any impairment asses, Depreciation is csleulated to write off the cost of assets on & straight line basis lover the expected useful lives ofthe assets concord, The principal annual rates ‘used fortis purpose are as follows:- Building ard store 210% Furniture fting and renovation 10% Motee vehicle 10% Signboard 10% Equipments 10% ‘The canying valies of the property, plant and equipment are reviewed for impairment when there is an insicaion that the assets might be impaired Impairment is measured by comparing the carrying values of the assets with their recovereble amounts. An impaiment loss wil be charged immediatly t0 the Income statement. (6) Investments Investments in Malaysian bust funds which are held as long term investments are sated at cast Alowance ig made for diminution in value ubera.ia the opinion of the Directors, thre isa deci, ether than temporery, in value of he investment (4) Other Recsivables Other receivables are carried at anticipated realsable value. Known bad debs are ‘writen of and specific alowances are made for any debis consdered to be ‘doubtul of eoleton.REG. NO. 133 (JOHOR) 1. SIGNIFICANT ACCOUNTING POLICIES (Cont'd) (6) Cash and Cash Equivalents For the purpose ofthe cash flow statement, cash and cash equivalents represent cath in hand and at bar, (Other Payables: (Other payables are stated at cost which isthe far value of the consiceration to be Pale in the future for goods and services recelved {g) Provisions for Liabilities Provisions for ebilties are recognised when the Association has a present obligation 2s a result of a past event and it Is probable that an outflow of Fesources embodying economic benefits wil be required te sate the obligation, and a relable estimate of the amount can be meds. (b) Revenue Recognition (0) Government grants not relating to assats are recognised as income as and luhen the gras are recetec. (i) Goverment grants relating to assets are credited as deferred income in the Balance sheet and wil be recognised as Income on a siaight basis over the estimated Useful les of the esses concerned, (i) Interest earned from ixed deposits racognised as income on an accrual basis (0) Donations and contributions from tie parties are recognised en receipt bass. (v)Rental income, fees and cher sundry income are recognised on receipt basis. (Deferred income Deferred Income represented. a grant received fom Pejabat Pembangunan ersekutuan Negeri Jonor on 1° “August 2012. The purpose of the grants for ‘he hall renovation work. Defered income ls amorived over the estimated Useful lvoe of tha relat assets of 10 years i) Employee Benefits Short Term Benefis ‘Wages, salaries, bonuses and social securty contributions are recognised as an expense in the tinandal year in which the associated senices are rendered by ‘employees of Associaton. d) Defined Contebuton Pans (sigatons for contibullons lo defined contribution plane such as Employees: Provident Func ("EPF") are recognised as an expense inthe income statement as inured Page 64 2600) ed * eve, 09'S Losrh Oss loecsde ocesiz ose eee issezrr ea e88 @oaoe eva OneSr wari ezeves eaves veswoe ister —eveo ereuer z eer'soe clos oeve seoeez rede e8'S oav'ecos serie eure Loewe aco _—«aoeLLe tases 190196, = vee 86100 = ese'tcr's; — r10'e93 orb eur'les Forces) apaveur'e wr ms ws mes ms wa re. ‘wuoudinbs —pitoqubig—sapouonsorom ——_Uaenoues woe ue sBumy —pue Suing ‘sinqung ANSWIND’ ONY LNVId ‘ALYadOUd Z (oHor) eet ‘on ‘osREG. NO. 133 (JOHOR) 3. INVESTMENTS {nvestment in Malaysian trust funds: ont Ark vale 4, CASH AND BANK BALANCES cash nnand Cash al banks 5, ACCUMULATED FUND Balance at 1 January 2014 “As previously stated 2015, 300,000 300217 2018 4000 195,752 196,752 Efecto classifications of reserve and bullng funds Relates balance at January 2014 Deficit for the financial year Balance at 31% December 2014 Balance at 1 January 2015, -As previously stated Effect of reclassiications of reserve and building funds Restated balance at January 2015 Dect forthe nancial year Balance at 31 December 2015 oie 300,000 300,000 2018 RM 4,000 97851 198,651 RM 27,538) 4,884,651 4.497,115 430,928) “4,066,187 (058,488) 4,864,851 4,006,187 (227,000) 3,779,187 The reclaseifcations of the reserve and building funds have been applied retrospectively and comparatves have been restate. Comparative amounts of the reserve fund and bulding fund as at 3" December 2014 have been restated a follows Previously RM Revenue fund 2eaaes1 (2,644,651) Buileng fund 2,220,000 (2,220,000) Foclassifcations Restated RM Page &REG. NO, 135 (JOHOR) 6, DEFERRED INCOME 2018. RM ‘Govecrment grant fr all renovation expenditure: “Balance at 1 January 200,000 = Recognised as income for the fhancial year 100,000), Balance at 31% December 700,000 201 RM 200,000 (100,000) 300,000 ‘The inital grant of FMt,000,000 was received from Pojabat Pemibangunen Prsekutuaa Negeri Johar on 14 August 2012, 7. INCOME ‘The main categories of income are as flows 2015 RM Government grants received 476900 Recognition of government grant relating to renovation expenditure 100,000 ‘Donations and sponsorships riasoz Rental oome 218.398 ‘School and bus foes 70518 Interest income 3a501 Gither income’ 36086 7.657.050, ‘Aucitor® Report - Pages 10 and 11 Page 8 2014 RM 491,204 100,000 574218 205.574 9,902 1587 965,REG. NO. 133 (JOHOR) INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF PERSATUAN CEREBRAL PALSY JOHOR REPORT ON THE FINANCIAL STATEMENTS We have auulted te nancial statements of PERSATUAN CEREBRAL PALSY JOHOR, which comprise the balance sheet as at 31% December 2018, and the Income and ‘expenditure statement. forthe financial year then onded, and a summary of signfcant ‘accounting polices and cther explanatory notes, as sat out an pages 2 to. Directors’ Rasponsibilty forthe Financial Statements “The Directors of Persatuan Cerebral Palsy Johor are responsible forthe preparation of francalstatomants 60 36 to give a true and far iow in accordance with Private Ently Reportng Standards and the requirements of the Socletias Act 1966 in Malaysia. The Directors are also responsibe for such intomal conil as the Directors dotarmine is necassary to enable the preparation of financial statements that are free fom material Iissaterent, whether dus o fraud or err. Audtors! Rasponsiity ‘Our responsibilty isto express an opinion on these financial statements based on our ‘audi. We conducted our aust in accerdance wth approved siandards on using In Malaysia. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the fnancial statements are {rae from material misstatement ‘An auc involves performing procedures to obtain audit evidence about the amounts and Gisclosures. in the fnencial_staiemenis. The provedutes ‘selected depend on our Judgment, including the assessment of risks of materal misstatement of the financial Statements, whether due fo raud or eror In making those isk assessments, we consider Internal contol relovant to tho Assooation’s preparation and fair prosanation of the financial statements in ordar fo design uct procedures that are spproprate in the ‘circumstances, but not forthe purpose of exoressing an opinion on the effectiveness of the Association's Internal contra. An aut also Includes evaluating the appropriateness of ascauntiig poles used and tne reasonableness of aocounting eelimates made by the Direcies, a5 well as evaluating the overall presentation ofthe financial statements. We believe thatthe aut evidence we have obtained is suffiient and appropriate to provide @ basi for our aut opinion, Page 10REG.NO. 133 (JOHOR) REPORT ON THE FINANCIAL STATEMENTS - (Cont'd) pion In our opinion, the nancial statements give true and fai view ofthe fnencal position of the Association as of 31" December 2015 and of ts financial performance and eaeh flows {or the financial year then ended in accordance wih Private Ently Reporting Standards and the requirements ofthe Socios Act, 1966 in Malaysia, OTHER MATTERS ‘This repot is made solely to the members of the Associaton, as a body n accordance: with rules ofthe Associaton and ofthe Societies Act, 1966 in Malaysia and for no other purpose. We do not assume responsibilty to any other person forthe content of tis ‘report Belay we BAKER TILLY HYT HUANG SHZE JUN CA(M). FCA CHARTERED ACCOUNTANTS ‘Approved Company Audion FIRM NO. AF-O218 ‘Approval No, 2582/06/16 (J) IA Membership No, 20700) Johor Bahru, 24 APR 2016 Page 11(Wohor Ceretral Pasy Association) DETAILED INCOME STATEMENT for tho financial year ended 31° December 2015, 2015: zor RM RM INCOME (Commission received err 523 Donations received 79602 574,218 Government grants received 578.900 501/208 Interest on fred deposit. 38,591 6,368 Membership subseripon - 3232 IMescalanaous Income 15776 4,000 (OutPatient Charges e267 7510 Reimbursamants caived 10.828 8,133 Rental Income 215.393, 205.574 ‘Schoo! and bus fees 70518 69,902 “1es7.050 1.887.968 Less: EXPENDITURE Accountancy fee 2.400 Advertisements ‘302 Allowances Tor students 4.787 Ausitiee 3,500 Bank cherges ‘500 Depreciation 305,733 Food and refreshments 48,126 Fund raising event expenses 44;902 Gift and condolence ‘846 Insurance 9,338 Miscalaneous expenses 6405, Motor ohio running expences 65,980 Balance carted forward ez eaTBolance brought forward Newspaper and periodical Office equipment rental Printing and stationery Repair and maintenance Salaries alwances , bonuses, EPF and SOCSO ‘School ativties expenses Socroatial fee ‘Secuny serve charges ‘Subscription feo ‘Seminar expenses ‘Sheltered workshop expenses ‘Special project expenses ‘Telephone and postage ‘Traveling exoenses Upkeep of ofies equipment Uiitiss and tletres Water anc electricity DEFICIT OF INCOME OVER EXPENDITURE 2015 RM ezrsa7 424 4.592 wa? Dara 1023128 28,670 8,000 mime “400 11879 14807 35.922 076 (227,000) 2014 RM erst 458 1.440 34188 Biot 1013,458 26.171