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Yan Oi Tong

Reports did not clearly express the balance of payments for social welfare, education, health, recreation and other service units, as well as the salaries of administrative staffs
Audit report listed HK$4,670,000 in food expenditure, HK$14,380, 000 remuneration (non-staff salaries), and HK$1,1180,000 for other costs, all of which seems unrelated to the charity projects or administrative expenses, but there wasn’t any detailed explanation
Fund-raising efficiency is fair (cost of HK$17 for every HK$100 raised)
Charity fund-raising party costed the most at HK$3,700,000, but had the lowest effect, raising only HK$8,630,000. (Average cost of HK$43 for raising every HK $ 100.)
Staff salaries totals up to 156 million, amounting to 58% of total expenditure.

核查日期:Nov. 4, 2018

Rating
  
Fund Needs
$$ 
Fund-raising efficiency
Fund-raising expenses
Project expense
Staff salaries
Administrative expenses
010

Suggestion

To improve the format of the audit report, so as to let the management plan for improvements to break even and achieve effective financial management
To explain to the public the total spending of HK$30,230,000 in food, non-employee compensation and other expenses
To abolish fund-raising party and switch to more effective way of fund raising, such as the existing charity premiere
To expand Chinese medical services.

Charity Information

To provide social welfare, education, medical care, recreation and other services </br> More than 70 service units across Tuen Mun, Yuen Long, Tai Po, Sha Tin, Tsuen Wan, Kwai Tsing, and Tseung Kwan O etc

https://www.yot.org.hk/

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