Declaration
Governing Instrument
Loving Heart Multi-Service Centre (Jurong) refers to our Constitution as our governing instrument in setting out the key provisions regarding the administration of the organisation. This includes its charitable purposes, composition of the governing board, duties of office bearers, appointment of trustees, details of committee and general meetings, amendments to constitution, dissolution or cessation of charity status.
Reserves and Investment Policy
Loving Heart Multi-Service Centre (Jurong) targets to maintain an optimal level of operating reserves equivalent to three years of its budgeted expenditure or at least $3,518,440, whichever is lower. The current Reserve Ratio is 3.19.
Investable Incomes refer to the balance of surplus and reserves (less) working capital. The choice of investment instrument should guarantee the initial capital and risk of investment is restricted to market risk or of low-risk nature. Products invested should have a maturity period of not more than 2 years and be easily liquidated if upon request.
Conflict of Interest Policy
The Centre’s policy is for all Management Committee members and staff to make a yearly declaration if there are holding other employment or appointments such as Boards, Committees or any other roles outside of the organisation. Potential conflict of interest in immediate family members’ employment and/or ventures is also declared.
Whistleblowing Policy
The policy strives to provide a platform whereby Loving Heart Multi-Service Centre (Jurong)’s employees or members of the public can raise genuine concerns about possible improprieties in matters of financial report, illegal activities, or other malpractices at the earliest opportunity, and in an appropriate way so that the organization may take relevant action. The policy, procedures, and relevant forms for making a report is available publicly on our website.
SUMMARY OF FINANCIAL PERFORMANCE
Plans for the Future
As we look ahead to Financial Year 2025–2026, Loving Heart Jurong is committed to strengthening our foundation, expanding our reach, and ensuring long-term sustainability to better serve our community. Our strategy focuses on robust & diverse sources of fundraising, developing new programmes, and operational excellence.
Strengthening Our Resources: Fundraising Strategy
Our fundraising efforts for FY2025-2026 are designed to provide the essential resources needed to sustain and grow our key programmes. Our flagship event, the annual Gala Charity Dinner, remains central to this strategy. Through table sales, outright donations, and auctions, we aim to raise $500,000. These funds will directly support our core programs. In addition, we aim to secure around $400,000 in sponsorships for key initiatives like Project Journey with You. Through dedicated sponsorships we are able to ensure direct funding for key community projects.
Programme Expenditures and New Initiatives
Our financial allocations reflect our commitment to impactful charitable programs and activities. The majority of our expenditures will continue to be directed towards our core services, including the Food Gift+ Programme, various Partnership Programmes, and the Empowering Youth Fund (EYF).
A key area of growth and investment for FY2025-2026 is the expansion of our youth programs. Initiatives such as Jurong Central Youth Enriching Life (JCYEL) and our Science level-based tuition are seeing increased demand. To meet the needs of a larger service user base and accommodate necessary operational overheads, we anticipate increased costs in this area. These investments are vital to ensure we continue to provide high-quality educational and developmental support to our beneficiaries.
Building a Sustainable Organization
Our dedication to data-driven expansion is at the forefront of our long-term sustainability strategy. We are embarking on an innovative programme initiative to enhance our Food Security and broader community schemes through digital platforms. This forward-looking posture is not just about efficiency; it’s about building a more resilient and responsive organization. By leveraging technology, we will op timise our ability to direct funds from multiple sources to those who need them most. We are also strengthening our volunteer management rogrammes and t raining to help sustain our new initiatives. We are conscious that a well trained and dedicated pool of volunteers and leaders is critical for the success of our programmes. Our newly formed Volunteer Wing supports and grows our volunteer community by focusing on recruitment, training, engagement, and appreciation. Through regular check-ins, team-building, emotional support, and growth opportunities, we aim to create a meaningful and lasting volunteer experience.
