REG. NO.

133 (JOHOR)

PERSATUAN CEREBRAL PALSY JOHOR

(Johor Cerebral Palsy Association)
REPORTS AND FINANCIAL STATEMENTS
31st December 2014

CONTENTS

PAGE NO.

Statement by Directors

Balance Sheet

Statement of Income and

Expenditure

Cash flow statements

Notes to the Financial Statements

58

Independent Auditors' Report

9 - 10

REG. NO.. 133 (JOHOR)

PERSATUAN CEREBRAL PALSY JOHOR

(Johor Cerebral Palsy Association)

STATEMENT BY THE BOARD OF DIRECTORS

The Board of Directors do hereby state that, in their opinion, the accompanying Balance
Sheet, Income and Expenditure Statement together with the notes thereto are drawn up
in accordance with the rules of the Association, the provisions of the Societies Act, 1966
and Private Entity Reporting Standards so as to give a true and fair view of the state of
affairs of the Association at 31st December 2014 and its financial performance for the year
ended on that date.

SIGNED ON BEHALF OF THE BOARD OF DIRECTORS IN ACCORDANCE WITH A

RESOLUTION OF THE BOARD.

-----------------------------------TUNKU YAN NAZIHAH BTE TUNKU LAXAMANA NASIR

Chairman

--------------------------------IR.MOHD KHIR BIN MUHAMMAD

Honorary Secretary

--------------------------------MOHD DARUIS BIN ZAINUDDIN

Honorary Treasurer
Johor Bahru,

Page 1

REG. NO. 133 (JOHOR)

PERSATUAN CEREBRAL PALSY JOHOR
(Johor Cerebral Palsy Association)

BALANCE SHEET - 31st December 2014

2014

2013

RM

RM

3,050,801
300,000

3,223,601
-

3,350,801

3,223,601

78,996
198,651
1,186,039

80,473
185,236
1,856,661

1,463,686

2,122,370

4,814,487

5,345,971

RM

RM

ACCUMULATED DEFICIT OF INCOME

OVER EXPENDITURE

(858,464)

(427,536)

RESERVE FUND

2,644,651

2,644,651

BUILDING FUND

2,220,000

2,220,000

4,006,187

4,437,115

800,000

900,000

8,300

8,856

4,814,487

5,345,971

Note
NON-CURRENT ASSETS
Property, plant and equipment
Investment in Malaysian Trust funds

CURRENT ASSETS
Other receivables and deposits
Cash and bank balances
Fixed deposits with licensed bank

TOTAL ASSETS

DEFERRED INCOME
CURRENT LIABILITIES
Other payables and accruals
TOTAL FUND AND LIABILITIES

The above balance sheet is to be read in conjunction

with the notes to the financial statements on pages 5 to 8.
Auditors' Report - Pages 9 and 10.

Page 2

REG. NO. 133 (JOHOR)

PERSATUAN CEREBRAL PALSY JOHOR

(Johor Cerebral Palsy Association)

STATEMENT OF INCOME AND EXPENDITURE

for the financial year ended 31st December 2014

2014

2013

RM

RM

1,587,965

1,739,829

(2,018,893)

(1,836,520)

DEFICIT OF INCOME OVER

EXPENDITURE FOR THE FINANCIAL
YEAR

(430,928)

(96,691)

ACCUMULATED DEFICIT BROUGHT

FORWARD

(427,536)

(330,845)

ACCUMULATED DEFICIT CARRIED

FORWARD

(858,464)

(427,536)

Note
5

INCOME
EXPENDITURE

The above income statement is to be read in conjunction

with the notes to the financial statements on pages 5 to 8.

Auditors' Report - Pages 9 and 10

Page 3

REG. NO. 133 (JOHOR)

PERSATUAN CEREBRAL PALSY JOHOR
(Johor Cerebral Palsy Association)
CASH FLOW STATEMENT - 31st December 2014

2014

2013

RM

RM

(430,928)

(96,691)

283,211
(66,369)

282,927
(80,492)

Deficit before working capital changes

(214,086)

(105,744)

Decrease in receivables and prepayment

Decrease in payables and provisions

1,477
(100,556)

13,749
(199,686)

NET CASH USED IN OPERATING ACTIVITIES

(313,165)

(80,193)

CASH FLOW FROM INVESTING ACTIVITIES

Interest income
Purchase of property,plant and equipments
Purchase of investments

66,369
(110,411)
(300,000)

80,492
(604,300)
-

NET CASH USED IN INVESTING ACTIVITIES

(344,042)

(523,808)

NET DECREASE IN CASH AND CASH

EQUIVALENTS

(657,207)

(604,001)

CASH AND CASH EQUIVALENTS AT

BEGINNING OF THE FINANCIAL PERIOD

2,041,897

2,645,898

CASH AND CASH EQUIVALENTS AT

END OF THE FINANCIAL PERIOD *

1,384,690

2,041,897

* Cash and Cash Equivalents comprise of:

Cash in hand
Cash at Banks
Fixed deposit

1,000
197,651
1,186,039

1,000
184,236
1,856,661

1,384,690

2,041,897

CASH FLOWS FROM OPERATING ACTIVITIES

Deficit of Income over expenditure
Adjustments for:
Depreciation
Interest income

The above income statement is to be read in conjunction

with the notes to the financial statements on pages 5 to 8.

Auditors' Report - Pages 9 and 10

Page 4

REG. NO. 133 (JOHOR)

PERSATUAN CEREBRAL PALSY JOHOR

(Johor Cerebral Palsy Association)
NOTES TO THE FINANCIAL STATEMENTS - 31st December 2014
1. SIGNIFICANT ACCOUNTING POLICIES
(a) Basis of Accounting
The financial statements of the Association are prepared under the historical cost
convention and comply with the provisions of the Societies Act, 1966 and
applicable approved accounting standards for private entities issued by the
Malaysian Accounting Standards Board.
(b) Property, Plant and Equipment
Property, plant and equipment are stated at cost less accumulated depreciation
and less any impairment losses.
Depreciation is calculated to write off the cost of assets on a straight line basis
over the expected useful lives of the assets concerned. The principal annual rates
used for this purpose are as follows:Building and store

2-10%

Furniture fitting and renovation

10%

Motor vehicle

10%

Signboard

10%

Equipments

10%

The carrying values of the property, plant and equipment are reviewed for
impairment when there is an indication that the assets might be impaired.
Impairment is measured by comparing the carrying values of the assets with their
recoverable amounts. An impairment loss will be charged immediately to the
income statement.
(c) Investments
Investments in Malaysian trust funds which are held as long term investments are
stated at cost ,allowance is made for diminution in value where,in the opinion of
the Directors, there is a decline, other than temporary, in value of the investment.
(d) Other Receivables
Other receivables are carried at anticipated realisable value. Known bad debts are
written off and specific allowances are made for any debts considered to be
doubtful of collection.

Page 5

REG. NO. 133 (JOHOR)

1.

SIGNIFICANT ACCOUNTING POLICIES (Cont'd)

(e) Cash and Cash Equivalents
For the purpose of the cash flow statement, cash and cash equivalents represent
cash in hand and at bank.
(f) Other Payables
Other payables are stated at cost which is the fair value of the consideration to be
paid in the future for goods and services received.
(g) Provisions for Liabilities
Provisions for liabilities are recognised when the Association has a present
obligation as a result of a past event and it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation,
and a reliable estimate of the amount can be made.
(h) Revenue Recognition
(i) Government grants not relating to assets are recognised as income as and
when the grants are received.
(ii) Government grants relating to assets are credited as deferred income in the
balance sheet and will be recognised as income on a straight basis over the
estimated useful lives of the assets concerned.
(iii) Interest earned from fixed deposit is recognised as income on an accrual
basis.
(iv) Donations and contributions from third parties are recognised on receipt basis.
(v) Rental income, fees and other sundry income are recognised on receipt basis.
(i) Deferred Income
Deferred income represented a grant received from Pejabat Pembangunan
Persekutuan Negeri Johor on 14th August 2012. The purpose of the grant is for
the hall renovation work. Deferred income is amortised over the estimated useful
lives of the related assets of 10 years.
(j) Employee Benefits
(i) Short Term Benefits
Wages, salaries, bonuses and social security contributions are recognised as an
expense in the financial year in which the associated services are rendered by
employees of Association.
(ii) Defined Contribution Plans
Obligations for contributions to defined contribution plans such as Employees
Provident Fund ("EPF") are recognised as an expense in the income statement as
incurred.

Page 6

REG. NO. 133 (JOHOR)

2. PROPERTY, PLANT AND EQUIPMENT

Building and
store

Furniture,
fittings and
renovation

Motor vehicles

Equipments

RM

Cost
As at 1/1/2014
Additions

2,779,648
-

1,467,491
57,910

531,473
-

7,980
16,323

526,896
36,178

5,313,488
110,411

Balance 31/12/2014

2,779,648

1,525,401

531,473

24,303

563,074

5,423,899

Accumulated
Depreciation
As at 1/1/2014
Charge for the year

1,072,700
54,760

356,833
145,017

354,246
35,885

3,483
2,430

302,625
45,119

2,089,887
283,211

Balance 31/12/2014

1,127,460

501,850

390,131

5,913

347,744

2,373,098

Net Book Value

- 31/12/2014

1,652,188

1,023,551

141,342

18,390

215,330

3,050,801

Net Book Value

- 31/12/2013

1,706,948

1,110,658

177,227

4,497

224,271

3,223,601

54,842

146,529

35,885

798

44,873

282,927

Page 7

RM

RM

Total

RM

Depreciation charged for 2013

RM

Signboard

RM

REG. NO. 133 (JOHOR)

3. CASH AND BANK BALANCES

Cash in hand
Cash at banks

2014

2013

RM

RM

1,000
197,651

1,000
184,236

198,651

185,236

2014

2013

RM

RM

900,000

1,000,000

(100,000)

(100,000)

800,000

900,000

4. DEFERRED INCOME

Government grant for hall renovation

expenditure:
- Balance at 1st January
- Recognised as income for the financial
year
Balance at 31 December
st

The initial grant of RM1,000,000 was received from Pejabat Pembangunan

Persekutuan Negeri Johor on 14th August 2012.
5. INCOME
The main categories of income are as follows :
2014

2013

RM

RM

491,204

552,455

100,000
574,218
265,574
69,902
66,369
20,698

100,000
732,540
175,634
76,364
79,762
23,074

1,587,965

1,739,829

Government grants received

Recognition of government grant relating
to renovation expenditure
Donations and sponsorships
Rental income
School and bus fees
Interest income
Other income

Auditors' Report - Pages 9 and 10

Page 8

REG. NO. 133 (JOHOR)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF

PERSATUAN CEREBRAL PALSY JOHOR
REPORT ON THE FINANCIAL STATEMENTS
We have audited the financial statements of PERSATUAN CEREBRAL PALSY JOHOR,
which comprise the balance sheet as at 31st December 2014, and the income and
expenditure statement for the financial year then ended, and a summary of significant
accounting policies and other explanatory notes, as set out on pages 5 to 8.
Directors' Responsibility for the Financial Statements
The Directors of Persatuan Cerebral Palsy Johor are responsible for the preparation of
financial statements so as to give a true and fair view in accordance with Private Entity
Reporting Standards and the requirements of the Societies Act 1966 in Malaysia. The
Directors are also responsible for such internal control as the Directors determine is
necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
Auditors' Responsibility
Our responsibility is to express an opinion on these financial statements based on our
audit. We conducted our audit in accordance with approved standards on auditing in
Malaysia. Those standards require that we comply with ethical requirements and plan and
perform the audit to obtain reasonable assurance whether the financial statements are
free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on our
judgment, including the assessment of risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, we consider
internal control relevant to the Association's preparation and fair presentation of the
financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the Association's internal control. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting estimates made by the
Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion.
Page 9

REG. NO. 133 (JOHOR)

REPORT ON THE FINANCIAL STATEMENTS - (Cont'd)

Opinion
In our opinion, the financial statements give a true and fair view of the financial position of
the Association as of 31st December 2014 and of its financial performance and cash flows
for the financial year then ended in accordance with Private Entity Reporting Standards
and the requirements of the Societies Act, 1966 in Malaysia.
OTHER MATTERS
This report is made solely to the members of the Association, as a body, in accordance
with rules of the Association and of the Societies Act, 1966 in Malaysia and for no other
purpose. We do not assume responsibility to any other person for the content of this
report.

BAKER TILLY HYT

HUANG SHZE JIUN

CHARTERED ACCOUNTANTS
FIRM NO. AF-0218

Approved Company Auditor

Approval No. 2582/05/16 (J)
MIA Membership No. 20700

Johor Bahru,

Page 10

CA(M). FCCA.

PERSATUAN CEREBRAL PALSY JOHOR

(Johor Cerebral Palsy Association)

DETAILED INCOME STATEMENT

for the financial year ended 31st December 2014

2014

2013

RM

RM

823
574,218
591,204
66,369
3,232
1,000
7,510
8,133
265,574
69,902

797
1,836
732,540
652,455
79,762
228
4,676
12,531
3,006
175,634
76,364

1,587,965

1,739,829

Less:
EXPENDITURE
Accountancy fee
Advertisements
Allowances for students
Annual general meeting
Audit fee
Bank charges
Depreciation
Food and refreshments
Fund raising event expenses
Gift and condolence
Insurance
Miscellaneous expenses
Motor vehicle running expenses

2,400
2,162
157,233
3,500
464
283,211
69,898
46,440
3,285
5,090
4,968
58,693

2,400
678
167,193
7,000
3,500
1,402
282,927
109,449
27,521
2,451
4,801
5,684
56,205

Balance carried forward

637,344

671,211

INCOME
Commission received
Course training fee
Donations received
Government grants received
Interest on fixed deposit
Membership subscription
Miscellaneous Income
Out-Patient Charges
Reimbursements received
Rental Income
School and bus fee

Balance brought forward

Newspaper and periodical
Office rental
Printing and stationery
Repair and maintenance
Salaries,allowances , bonuses, EPF and SOCSO
School activities expenses
Secretarial fee
Security cost
Subscription fee
Seminar expenses
Sheltered workshop expenses
Telephone and postage
Therapeutic charge
Travelling expenses
Upkeep of office equipment
Utilities and toiletries
Water and electricity
DEFICIT OF INCOME OVER EXPENDITURE

2014

2013

RM

RM

637,344

671,211

458
1,440
34,188
21,917
1,013,458
26,171
20,000
30,732
400
142,223
3,846
16,072
5811
7,879
739
56,215

525
3,033
10,807
27,544
945,465
14,117
28,000
25,347
500
23,585
16,114
3,736
9,819
5,528
1,750
49,439

2,018,893

1,836,520

(430,928)

(96,691)