X1000306-1986-87_Part04 — Page 29

INCOME

TABLE 88 SAMARITAN FUND

(A) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 1987

EXPENDITURE

Grants to needy patients for

temporary maintenance, travelling

expenses, etc.

Purchase of medical supplies and purchase and repair of instruments/equipment for use by patients

$166,086.40

Donations :

Sir Robert Ho Tung Charitable Fund

$104,000.00

$350,037.30

Li Po Chun Charitable Trust Fund

$ 50,000.00

Interest on Fixed Deposits

Deficit

$516,123.70

(B) BALANCE SHEET AS AT 31 MARCH 1987

$154,000.00

$ 17,726.35

$344,397.35

$516,123.70

LIABILITIES

Accumulated Fund (see Table 88(C))

Accounts Payable

Sir Robert Ho Tung Charitable Fund (for donations received in 1985/86)

Consumables and medical appliances to patients

$ 11,139.30

$354,119.99

ASSETS

$159,810.21

$234,398.25

Cash with Director of Accounting Services Cash with Director of Social Welfare Fixed Deposits

$ 86,058.53

Accrued Interest on Fixed Deposits

$ 58,701.00 $293,099.25 $452,909.46

$ 1,591.64

$452,909.46

Note: The balance of accumulated fund $159,810,21 contains an amount of $71,738,00, which represents the uncommitted balance of the donation of $104,000.00 received in January 1987. If this balance is not fully expended within twelve months from the date of receipt, any unspent balance vill, in accordance with the donor's wish, be refunded.

TABLE 88 (Cont'd)

(C) ACCUMULATED FUND ACCOUNT FOR THE YEAR ENDED 31 MARCH 1987

Prior Year Adjustments

Consumables and medical appliances approved in 1985/86 but paid in 1986/87

Medical appliances approved before/ in 1985/86 but still outstanding

Balance brought forward

$860,618.11

$107,142.30

$ 14,870.00

$234,398.25

Amount refundable to Sir Robert Ho Tung Charitable Fund in respect of donations received in 1985/86

Deficit for the year

Balance carried forward

$344,397.35

$159,810.21

$860,618.11

$860,618.11