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ANNUAL REPORT

2010

To u chi ng Lif ting Live s, Sp irit s


YMCA of Singapore

We would like to express our deepest appreciation to all the following Chairmen, Vice-Chairmen, Committee members and Secretariats for their efforts and contributions.

Mission Statement YMCA of Singapore is a Christian organisation, affiliated worldwide, which seeks to serve and enrich all members of the community, regardless of race, language or religion, through wholesome programmes to develop Body, Mind and Spirit, which are based on Christian principles.

Paris Basis Foundation statement of the YMCA movement The Young Men’s Christian Associations seek to unite those young men who, regarding Jesus Christ as their God and Saviour, according to the Holy Scriptures, desire to be His disciples in their faith and in their life, and to associate their efforts for the extension of His Kingdom amongst young men.

Challenge 21 Adopted by World Alliance of YMCAs in 1998 Affirming the Paris Basis adopted in 1855 as the ongoing foundation statement of the mission of the YMCA, at the threshold of the third millennium we declare that the YMCA is a world-wide Christian, ecumenical, voluntary movement for women and men with special emphasis on and the genuine involvement of young people and that it seeks to share the Christian ideal of building a human community of justice with love, peace and reconciliation for the fullness of life for all creation.

Awards & Accolades in 2010 National Council of Social Service ‘Special Mention in Collaboration’ The YMCA of Singapore received this special mention in recognition of its efforts in serving the community by partnering with voluntary welfare organisations (VWOs) and self-help groups locally and overseas to enhance their services to the beneficiaries through delivery of structured and sustained community service programmes. YMCA is also partnering with corporate organisations to rally resources for VWOs to benefit their beneficiaries. Children’s Charities Association ‘Distinguished Service Award’ The YMCA of Singapore was nominated by MINDS (Movement for the Intellectually Disabled of Singapore) for the Distinguished Service Award. MINDS is one of the 34 voluntary welfare organisations and self help groups that YMCA partners to deliver its structured and sustained YMCA-Tan Chin Tuan Community Service Programmes to bring cheer to the beneficiaries. Gan Eng Seng School ‘2010 Partner In Education Award’ The YMCA of Singapore’s Gan Eng Seng Student Care Centre was presented with this award in appreciation of its provision of quality before and after school student care services at the School. Singapore Indian Development Association ‘Friends of SINDA Award’ The YMCA of Singapore was recognised by SINDA (Singapore Indian Development Association) with a ‘Friends of SINDA Award’ in acknowledgement of the community service programmes that YMCA conducted for the beneficiaries of the Association

1 2 4 5 6 12 16

Enriching Our Members Our Social Enterprises International Fellowship Fundraising Thanksgiving Corporate Governance Financial Statements

19 24 28 29 30 32 35

Audit Committee Mr Peter Tay Yew Beng Chairman Mr David Wong Cheong Fook Mr Samuel Chan Wei Mun Mr Tan Eng Beng Dr Tan Sze Wee Ms Jacqueline Han Secretariat Nominations Committee Mr Eric Teng Heng Chew Chairman Mr Chew Kwee San Mr David Wong Cheong Fook Mr Ed Ng Ee Peng Mr Lee Liat Cheng Dr Robert Loh Choo Kiat Mr Tay Puan Siong Mr Albert L H Ching Secretariat Christian Development Mr Dennis Lee Poh Wah Chairman Mr Teo Zi-Ming Vice Chairman Mr David Leong Mr Edward Ong Keng Wan Pastor Jason Lim Mr Lawrence Ko Mr Martin Tan Ms Packiam Williams Rev David Burke Hon. Chaplain Rev Melvin Huang Hon. Chaplain Ms Seraph Ng Secretariat YMCA Education Mr Kenneth Tan Chih-Sien Chairman Mr Tay Puan Siong Vice Chairman Dr Christine Chen Dr Ben Leong Mrs Magdalene Sik Swee Hiang Mr Andrew Chew Dr Tan Bee Wan Ms Karen Tan Ms Lynette Yeo Secretariat YMCA International House Mr Peter Sim Swee Yam Chairman Mr Lee Liat Cheng Vice Chairman Mr Choe Peng Sum Mr Derek Kuek Dr Ivor Thevathasan Ms Karen Tan Ms Packiam Williams Mr Martin Chan Mr Tan Eng Beng Ms Tan Tjioe Jan Mr Gerald Lim Secretariat Programmes & Community Services Mr Chew Kwee San Chairman Mr Alan Heng Ms Joelle Lee Mr Leslie Wong Kin Wah Ms Leong Geok Hoon Mr Samuel Chan Wei Mun Mr Steven Chia Oon Seet Ms Naomi Tan Mr Ng How Yue Dr Tan Sze Wee Mr Teo Zi-Ming Mr Andrew Leo Secretariat YMCA Project Bridge Mr Eric Teng Heng Chew Chairman Mr David Wong Cheong Fook Mr Dennis Lee Poh Wah Mr Edward Ong Keng Wan Ms Packiam Williams Ms Peace Wong Mr Teo Zi-Ming Ms Shirley Law Secretariat

Contents Committees President’s Message Board of Directors Management Team Serving God, Serving Men Sharing and Enabling Others Sowing Seeds, Developing Social Capital

Committees

YMCA of Singapore is a member of the following organisations: People’s Association, National Council of Churches of Singapore, National Council of Social Service and National Youth Council.

The youths on the front cover and in the section dividers on pages 6, 12, 16, 19 and 24 are active YMCA volunteers.

Fundraising / YMCA-Lim Kim San Volunteers Programme Fund Dr Robert Loh Choo Kiat Chairman Mr Eric Teng Heng Chew Deputy Chairman All Board Directors Ms Sivian Look Secretariat (till Sep 2010) Ms Belinda Choo Secretariat (from Nov 2010)

YMCA Financial Assistance & Capability for Employment Scheme Mr Steven Chia Oon Seet Chairman Mr Bryan Tan Suan Tiu Mr Chew Kwee San Ms Karen Wong Ms Loo Tze Lui Ms Margaret Cham Ser Yin Mr Quek Kwang Yong Ms Tan Shin Hui Ms Tan Sze Wee Ms April Chin Resource Person Ms Amanda Lim Secretariat YMCA-NUS Business School Volunteer Service Management Programme Mr Tay Puan Siong Chairman Prof Albert Teo Dr Ben Leong Mr Dennis Lin Mr Edward Lee Mrs Magdalene Sik Swee Hiang Mr Peter Tay Yew Beng Ms Grace Lee Secretariat Investment Committee Mr Ed Ng Ee Peng Chairman Mr David Lua Soo Theng Mr Peter Tay Yew Beng Mr Stephen Loh Sur Yong Mr Chew Kwee San Ms Sharon Teo Secretariat Tender Committee Mr Chew Kwee San Chairman Mr Samuel Chan Wei Mun Dr Tan Sze Wee Mr Tay Puan Siong Ms Mariani Tjhin Secretariat 11th YMCA Charity Golf 2010 Dr Thomas Choong Chairman Mrs Elsie Foh Mr Jimmy Goh Mr Tony Mallek Mr Peter Sim Swee Yam Mr Peter Tay Yew Beng Mr Tay Puan Siong Ms Jacqueline Tan Secretariat YMCA Flag Day 2010 Dr Tan Sze Wee Chairman Mr Bryan Tan Suan Tiu Mr Chew Kwee San Mr Leslie Wong Kin Wah Mr Samuel Chan Wei Mun Mr Andrew Leo Secretariat 4th YMCA Mandarin Speaking Awards 2010 Mr Kenneth Tan Chih-Sien Chairman Mr Ernest Chen Hai Siang Mr Kwek Chin Ling Ms Lim Geok Leng Mr Ma Poh How Dr Peng Zhihong Mr Wong Seow Huar Ms Jean Chai Secretariat 24th YMCA Plain English Speaking Awards 2010 Mr Teo Eng Cheong Chairman Mr Ernest Chen Hai Siang Mdm Jeya Latha Ms Jennifer Yin Ms Lim Geok Leng Mr Matt Winchester Ms Patricia Lim Ms Jean Chai Secretariat Citi-YMCA Youth For Causes 2010 Dr Tan Sze Wee Chairman Mr Adam Rahman Mr Chew Kwee San Mr Leslie Wong Kin Wah Ms Jacquelyn Tan Mr Samuel Chan Wei Mun Mr Steven Chia Oon Seet Mr Tay Puan Siong

Ms Cheryl Chen Ms Grace Tan Mr Jimmy Ong Ms Genevieve Chen

Secretariat Secretariat Secretariat Secretariat

Citi-YMCA Youth For Causes (Selection & Awards Committee) 2010 Mr Steven Chia Oon Seet Chairman Dr Benjamin Tan Ms Caroline Loke Mr Han Kwee Juan Mr Laurence Lien Mr Leslie Wong Kin Wah Mr Nelson Thackery Mr Ng How Yue Mr Ong Kian Min Ms Cheryl Chen Secretariat Ms Grace Tan Secretariat Mr Jimmy Ong Secretariat Ms Genevieve Chen Secretariat Citi-YMCA Youth For Causes (Selection & Awards Panel) 2010 Ms Adeline Ong Fang Mr Alvin Phua Ms April Chin Dr Benjamin Tan Mr Bhasker Misra Ms Carole Ng Ms Caren Lee Dr Chan Si Min Mr Cheng Sai Wing Ms Cheryl Chen Mr Christopher Lock Ms Clarissa Chng Mr Charlie Brown Mr Chee Heng Loon Ms Chen Hui Hiong Mr Dennis Lee Poh Wah Mr David Tham Mr Deepu Joseph Mr Ernest Chen Hai Siang Ms Eunice Tan Ms Grace Tan Mr Gordon Hargreave Mr Heng Aik Yeow Mr James Tham Ms Jacquelyn Tan Mr Jeffery Hing Mr Jerome Hewlett Mr Kenneth Goi Ms Lee Yan Hong Mr Leslie Wong Kin Wah Ms Loo Tze Lui Mr Marc Naidu Mr Matthew Saw Mr Nicolas Chua Ms Ng Hau Yee Ms Nonnita Hargreave Mr Ong Kian Min Mr Ong Yu-Phing Mr Owen Hawkes Mr Quek Kwang Yong Mr Reine Booysen Mr Reuben Lee Mr Richard Yeo Mr Samuel Chan Wei Mun Ms Sonali Verma Mr Steven Chia Oon Seet Mr Suresh Divyanathan Mr Tam Chee Chong Ms Tania Gin Mr Tan Ee Chian Ms Tan Ee Ching Dr Tan Sze Wee Mr Teo Cheng Woon Mr Thomas Pramotedham Mr Timothy Mak National Council of YMCAs of Singapore Dr Robert Loh Choo Kiat President Mr Stephen Loh Sur Yong Vice President Mr Eric Teng Heng Chew Hon. Treasurer Mr Ernest Chen Hai Siang Hon. Internal Auditor Mr David Lua Soo Theng Council Member Mr Eric Chan Aik Leong Council Member Mr Albert L H Ching Hon. National General Secretary

Uni-Y @ Singapore Management University EXCO Ms Elyna Vijay President Mr Oliver Loke Jia Wen Deputy President Ms Lim Hui Ying Deputy President Ms Camille Ann George Ms Rachael Teh Yin Ping Ms Tricia Tan Pei Shi Ms Boey Sook Yarn Sophie Ms Jeanne Yeo Zhiyuan Ms Jacqueline Tan Zijun Ms Chang Ee Lin Ms Valerie Ong Si Hui Ms Nomis Lim Yee Keong Mr Choong Ciyuan, Remi Mr Loh Yao Sheng Mr Yoon Jia Sheng James Mr Lie Daicheng, Nick Ms Delia Ng Wan-yi Mr Chow Kok Yew, Lionel Uni-Y @ National University Singapore EXCO Ms May Anne Cheong President Ms Claire Lele Gu Deputy President Ms Grace Kee Ms Grace Teh Ms Li Anne Cheong Ms Julia Lim Ms Tang Bek Wuay Mr Ryan You Mr Zerh Chang Thai Uni-Y @ Nanyang Techological University EXCO Mr Huang Junming President Ms Eunice Chew Deputy President Mr Benjamin Ong Ms Chien Kheng Min Joanne Mr Hor Guoyong Ms Lim Fang Yi Ms Wang Qing Yu Ms Yoon Min Kyeong Ms Zhang Yuxi Hi-Y EXCO Mr Tran Phuoc Minh President Mr Leung Kin Wai Kevin Deputy President Ms Hoh May Yee Evelyn Deputy President Mr Dang Hong Phuc (Leo) Mr Jack Tan Jie Ze Mr Jim Tan Jun Ze Ms Michelle Lim Meng Rong Ms Ng Kai Xin Nerissa Ms Yim Chia Lek YMCA Toastmasters’ Club Mr Edmund Chew President Mr S.Jayaram Vice President, Education Mr Peter Ng Vice President, Education Mr Rudy Tandy Vice President, Marketing Ms Yukiko Oikawa Vice President, Public Relations Ms Sim Wei Shan Treasurer Ms Mylene Feng Secretary Mr Harvin Kaur Sergeant at arms Mr Chew Ban Seng Immed Past President and ExCo Advisor Mr Ernest Chen Hai Siang ExCo Advisor International Y’s Men’s Club of Singapore (Alpha Chapter) Ms Clare Yeo President Ms Julie Lau Vice President & Hon. Treasurer Ms Patricia Lim Treasurer & Inventory Director Mr David Lua Soo Theng Programme Director Mr Edward Ong Keng Wan P roject Director Ms Susan Lim Membership Director Ms Chan Boon Sim Fellowship Director Mr Yutaka Kakishima Publicity Director YMCA Folk Dance Group Mr Michael Kitara Tay President(Maitree) Ms Carrie Chen Vice President Ms Molly Lim Treasurer Ms Donica Aw Secretary Ms Irene Teo Assistant Secretary

As stipulated in the YMCA Constitution, President and the General Secretary of YMCA of Singapore are ex-officios in all YMCA Committees. The above Committees are appointed for the period of May 2010 - April 2011.

YMCA Annual Report 2010

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President’s Message Serving God, serving men In Singapore, we maintained our 17 structured and sustained YMCA-Tan Chin Tuan Community Service Programmes and increased the depth and coverage by partnering with 12 more voluntary welfare organisations (VWOs) to deliver the programmes. Our total number of partnering VWOs now stands at 34. As a result, we served over 20% more beneficiaries in 2010 than 2009. In all, over 4,900 regular and ad-hoc volunteers were mobilised across more than 330 activities. We continued to touch the lives of out-of-school youths and youths-at-risk through YMCA Project Bridge. We helped needy families through our Y Financial Assistance scheme by disbursing short-term supplementary financial aid. Loh Mr Stephen t Presiden ingapore YMCA of S

Dear Members and Friends, 2010 was a year laced with hope as increased reports on the signs of economic recovery surfaced. We had weathered the global economic downturn. As an organisation that exists to serve the community, YMCA had to strive even harder to be a channel of blessing for the less privileged during challenging times. We aim to spread love and hope in all aspects of our work by deeds of touching lives and lifting spirits through our various community service programmes. In holding fast to our mission regardless of the situation, we thank God that by His divine grace and provision, we were able to sustain and even expand our programmes during the year. We are also thankful to our faithful members, volunteers, donors, sponsors and partners who stood united with us to see us through our mission. Please allow me to share some highlights for 2010:

Financial performance YMCA was blessed with a surplus of $2,187,730 (2009: $1,759,916) from our social enterprises against a total revenue of $16,060,949 (2009: $13,892,421).

Value of service Over 23,000 YMCA volunteers served more than 290,000 hours across our various local and international community service programmes, contributing over $5.8 million* worth of their time throughout the year.

Over 950 YMCA volunteers made 38 trips to Cambodia, China, Thailand and Vietnam through our YMCA International Service Programmes and touched the lives of more than 4,700 youths. The volunteers taught English and computer skills and were involved in upgrading facilities at village schools, learning centres and orphanages. Through the YMCA Rebuilding Communities Programme, we mobilised a team of doctors, nurses and medical students to initiate a medical mobile clinic programme in Sri Lanka. Over 800 villagers from three villages were served on its inaugural run. In collaboration with YMCA Shanghai and funding from donations by the people of Singapore that were publicly administered by the Singapore Red Cross Society, we were involved in the identification and facilitation of the purchase of a three-storey building in Sichuan, China to be used as a learning centre to serve the postearthquake community.

Sharing and enabling others We continued to develop volunteers’ capabilities through the YMCA-Lim Kim San Volunteers Programme and facilitated the raising of funds for the social service sector in collaboration with Citi Singapore through the annual Citi-YMCA Youth For Causes programme which raised $695,400 for 48 charities this year. In addition to our flagship YMCA-NUS Business School Volunteer Service Management Programme, we introduced an all new YMCA Volunteer Leaders’ Training Camp and the YMCA Leadership & Management Programme (LAMP) to equip volunteer leaders and potential leaders with skills and knowledge to drive YMCA community service programmes more effectively. Over 2,900 hours of training were clocked by volunteers during the year. In December 2010, YMCA joined hands with the National Volunteer & Philanthropy Centre (NVPC) to

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YMCA Annual Report 2010

celebrate International Volunteer Day (IVD) in Singapore in a special way. Non-profit organisations, voluntary welfare organisations, corporations and individuals were engaged in a series of volunteering activities aimed at promoting volunteerism in the weeks leading up to IVD on 5 December. The activities culminated in a mega celebration featuring a concert and carnival, held at the Marina Barrage to recognise 6,500 volunteers for their service to the community.

YMCA International House recorded an average occupancy of 83% with a good average room rate. We upgraded the rooms on the 7th and 8th floors which received favourable feedback from guests.

Sowing seeds, developing social capital

On behalf of the YMCA of Singapore, I thank our Patronin-Chief, President S R Nathan for his continued support as well as our donors, partners, sponsors, members, volunteers, Board of Directors, management and staff for your support, dedication and faithfulness towards our mission in serving others.

As a youth organisation, youth development remains one of our key areas of interest. We are committed to groom youths into future leaders who embrace volunteerism as a way of life and make positive impacts in our society. Core Volunteer Groups are formed to provide opportunities for our volunteers to lead service programmes. Membership at our four YMCA youth service clubs, namely University YMCAs (Uni-Y) at Singapore Management University, National University of Singapore and Nanyang Technological University as well as High School YMCA (Hi-Y) grew over 40% from 2009. In two separate environmentally themed projects last year, our youth volunteers gathered over 23 tons of recyclables which were exchanged for rice, instant noodles and even cash which were used to purchase groceries for the needy.

Enriching our members We continued to connect people together with a Christcentred focus through our programmes and activities, based on Christian principles and values. Over 700 people joined our quarterly Christian-themed YMCA Public Lectures, Y Knot Christian Youth Outreach sessions and the World Week of Prayer and World Fellowship. We partnered new merchants to offer greater privileges to our members and organised more workshops and seminars compared to 2009. Our membership strength is currently over 4,000, of which 40% are Life members. A host of exciting lifestyle programmes from fitness and dance to sports and adventure were organised for over 3,400 participants during the year. We also introduced a new series of intergenerational outdoor adventure programmes and effectively reached out to a new market of active seniors.

Surpluses generated by our education and hostel social enterprises are channeled towards the YMCA community service programmes.

Word of Thanks

Three Directors will be retiring from the Board in 2011. I would firstly like to record a special word of thanks to Dr Robert Loh and Mr Ernest Chen, who have both offered not to seek re-election in 2011 in the interests of Board renewal. Dr Robert Loh has served on the YMCA Board for 49 years since 1962. During his tenure, he was the longest serving President of YMCA, leading the Association for 22 years from 1970 to 1992. Mr Ernest Chen has served on the YMCA Board for 34 years since 1977, including two years as Executive Director from 1996 to 1998. I would also like to thank Ms Packiam Williams for returning to the Board to serve an additional year-long service on the Board, vacated by a Director’s early retirement. We are deeply grateful for the sterling service they have rendered to the YMCA. As we bid them a fond farewell, we pray that the Lord will continue to use them mightily in His service. May the Lord continue to bless us as we put our faithfulness into action to bring cheer and hope to the less privileged in the community. Praise be to GOD!

In His Service

Our social enterprises As a requirement of the Singapore Education Act for Private Education Institutions, YMCA Education Centre Limited was registered as a subsidiary of the YMCA to run the YMCA School and YMCA Tertiary programmes. YMCA School was accredited with EduTrust and ISO. We enrolled 200 local and multi-national students from 10 countries. YMCA Tertiary enrolled 233 students and fulfilled EduTrust requirements. Our YMCA Child Development Centres and Student Care Centres saw a 17% increase in enrolment. We also opened a new Student Care Centre in Loyang Primary School.

STEPHEN LOH President

All monetary values published in this annual report are in Singapore Dollars. *based on the average wage of $20 per hour of a service sector employee – Source: NVPC, Dec 2010

YMCA Annual Report 2010

3


Management Team

Board of Directors

L H Ching Mr Albert Secretary General

Mr Gerald Li m

General Mana ger Division YMCA InternatiHead onal House

1. 2. 3. 4. 5. 6. 7.

Mr Tan Eng Beng Dr Ben Leong Reverend David Burke Mr Leslie Wong Kin Wah Ms Packiam Williams Mr Peter Tay Yew Beng Mr Kenneth Tan Chih-Sien

8. Mr Dennis Lee Poh Wah 9. Mrs Magdalene Sik Swee Hiang 10. Mr Bryan Tan Suan Tiu 11. Mr Ernest Chen Hai Siang 12. Reverend Melvin Huang 13. Mr Teo Zi-Ming 14. Mr Samuel Chan Wei Mun 15. Dr Tan Sze Wee

1

3

2

5

4

16

17

6 18

16. Mr Steven Chia Oon Seet 17. Mr Eric Teng Heng Chew 18. Mr Ed Ng Ee Peng 19. Mr Stephen Loh Sur Yong 20. Mr Chew Kwee San 21. Dr Robert Loh Choo Kiat 22. Mr Peter Sim Swee Yam 23. Mr Albert L H Ching

7

8 19

9 20

11

10 21

12

22

Patron-in-Chief

Executive Committee

Honorary Life Members

His Excellency S R Nathan

Mr Stephen Loh Sur Yong

President of the Republic of Singapore

President

Minister Mentor Lee Kuan Yew Mr Harold Shaw Mr Shaw Vee Meng Mr Sim Miah Kian

Office Bearers Mr Stephen Loh Sur Yong

Mr Ed Ng Ee Peng Vice President

Mr Chew Kwee San

President

Treasurer

Honorary Chaplains

Mr Ed Ng Ee Peng

Mr Albert L H Ching

Rev David Burke

Vice President

General Secretary

Mr Chew Kwee San

Mr Steven Chia Oon Seet Mr Eric Teng Heng Chew Mr Peter Sim Swee Yam

Rev Melvin Huang

Board Trustees

Mr Peter Sim Swee Yam Mr Laurence John Wee

Treasurer

Mr Albert L H Ching General Secretary

Dr Robert Loh Choo Kiat Mr Lee Liat Cheng Mr Cecil V R Wong Mr Sim Miah Kian

14

13

Mr Andrew Le o

Senior Mana Head of Depa ger rtment International Pro grammes

oon Chai B Mr Limeral Manager

Ms Lynette Yeo

General Manager Division Head YMCA Education Services

Gen Head Division ervices S te ra o Corp

an ueline T Ms Jacqanager M ent Departm es Head of m Program e yl st fe Li

Ms Seraphine Ann Chia

on Ms Claris O

Manager rtment Head of Depa HR & Admin

Vice Principal YMCA School

15

23

n Tan Ms Hele cipal Prin chool YMCA S

Ms Belinda

o Mr Philip Ye r

Mr Jimmy Ong

Manager Head of Department Youth Development

Choo

Manager Head of De partment Corporate Affairs

Manage rtment Head of Depa ping es & Housekee rvic Building Se

(Pastor-in-charge, Orchard Road Presbyterian Church) (Senior Pastor, Wesley Methodist Church)

Honorary Legal Counsels ow lsie Knw ger Ms Eio r Ma a t Ms Gladys Foo

Senior Manager Head of Department Volunteers Programme

Ms Mariani Tjhi

n Assistant Head of De Manager partment (A cting) Finance

Sen men f Depart Head o Marketing & s m o Ro

han cent C Mr Vin anager

M n istratio Admin on Services ati c u d E YMCA

Ms Shirley Law

Manager Head of Departm ent YMCA Project Bri dge

Manager, Head of Department, Community Services (Position Vacant)

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YMCA Annual Report 2010

YMCA Annual Report 2010

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Serving the local community

Serving God,

Serving Men “The King will reply, ‘Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me.’ Matthew 25:40

As a Christian organisation, YMCA exists to serve the community, putting our faith into action by addressing the needs of the community, organising wholesome programme and rallying volunteers to bring cheer to the less privileged, locally and overseas.

We seek to respond to community needs, bring cheer to the less privileged and provide platforms for volunteers to contribute meaningfully, through structured and sustained programmes. The beneficiaries we serve include the intellectually, physically and mentally challenged, out-of-school youths, youths-at-risk, underprivileged and abused children, the visually and hearing impaired, the elderly and the poor.

Impact and outreach in 2010:

17

structured and sustained

YMCA-Tan Chin Tuan Community Service Programmes

Served

2,435 local beneficiaries

34 partnering voluntary welfare organisations Mobilised over

from

4,900 regular and ad-hoc volunteers

who committed over

contributing

62,000 volunteer hours

$1.2 million* worth of their time across

337 activities throughout the year *based on the average $20 per hour wage of a service sector employee – Source: NVPC, Dec 2010

“Y Arts Challenge is a beneficial programme as it empowers the beneficiaries to put their skills into practice. Every session is an accomplishment as volunteers complete an art piece together with the beneficiaries. It is not easy at times but eventually, smiles are seen on everyone’s faces.”

Y Outings

Teo Wan Qi, 25 Y Arts Challenge volunteer Y Visits

“I feel better about myself after the Y Confidence programme. I learnt to be more confident, to trust others and not to put myself down all the time.” Sri Y Confidence beneficiary

YC onfi

den

ce

Y

Ch mp Ca

alle

nge

YMCA

Ch rts A Y

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YMCA Annual Report 2010

alle

nge

Proms @ the Par k

YMCA-NBA FIT Clinic

YMCA Annual Report 2010

7


YMCA-Tan Chin Tuan

YMCA Project Bridge

Community Service Programmes Highlights •

Partnering VWOs and self-help groups in 2010:

12 new VWOs partnered to deliver the YMCA-Tan Chin Tuan Community Service Programmes

YMCA Proms @ the Park for a total of 580 beneficiaries Quarterly YMCA Opera Treats for a total of 796 elderly beneficiaries

20 beneficiaries from Spastic Children’s Association of Singapore

graduated from Y Reading Clubs, a YMCA-Tan Chin Tuan Community Service Programme sponsored by Credit Suisse •

80

Facilitated youths from 9 partnering VWOs to join the first ever YMCA-NBA FIT Clinic in Singapore

Y Ca mp C hall

enge

ts pera Trea YMCA O

YMCA-TAN CHIN TUAN COMMUNITY SERVICE PROGRAMMES:

YMC

A

Park @ the s m o Pr

1. Association for Persons with Special Needs - Centre for Adults 2. Association for Persons with Special Needs - Delta Senior School 3. Asian Women Welfare Association 4. Blue Cross Thong Kheng Home 5. Bishan Home for the Intellectually Disabled 6. Care Corner - Teck Ghee Youth Centre 7. Care Corner - Senior Activity Centre (Toa Payoh) 8. Chen Su Lan Methodist Children’s Home 9. Christalite Methodist Home 10. Christian Outreach to the Handicapped 11. Children At Risk Empowerment 12. Grace Orchard School 13. Handicaps Welfare Association 14. Ju Eng Home for Senior Citizens 15. Kits4Kids 16. Lakeside Family Service Centre 17. MacPherson Moral Family Service Centre 18. Metta School 19. Movement for the Intellectually Disabled of Singapore (SIA Employment Development Centre) 20. Movement for the Intellectually Disabled of Singapore (Ang Mo Kio) 21. Movement for the Intellectually Disabled of Singapore (Clementi Training Development Centre) 22. Probation Service Branches (Rehabilitation, Protection and Residential Services Division, MCYS) 23. National Kidney Foundation (Simei) 24. Pertapis Bukit Batok Boys’ Hostel 25. Queenstown Multi Service Centre 26. Queenstown CC (Elderly folks) 27. Spastic Children’s Association of Singapore 28. Singapore Association for Mental Health 29. Singapore Christian Home for the Aged 30. Sunshine Welfare Action Mission 31. The Tent 32. Y D Generation 33. YMCA Project Bridge 34. Y STARS (YMCA Special Talents, Arts & Recreation Society)

A Lighthouse for Youths YMCA Project Bridge is a direct service arm of YMCA that reaches out to youths-at-risk and out-of-school youths aged 13 to 19 through meaningful programmes with an aim to integrate them back into the society. To enrich their lives and help them improve on their social skills, youths at YMCA Project Bridge were given opportunities to serve in YMCA community service programmes locally and overseas, attend adventure and sports camps and participate in enrichment programmes with the involvement of volunteers.

Impact and outreach in 2010: • Served 250 youths and worked with 39 schools in Singapore •

Over 800 hours in counseling and intervention sessions conducted by YMCA Project Bridge case workers

*Hashim, 18 was struggling with a host of behavioral, academic and social issues. He was involved in fights, skipped classes and scored low grades in school. The friends he hung out with were notorious for their bad behaviour in the neighbourhood. Introduced to YMCA Project Bridge, Hashim started hanging out at the centre regularly, making it his second home. Through YMCA Project Bridge, Hashim joined a 17-day YMCA International Service Programme to Cambodia that changed his outlook on life. Through interacting with the local orphans, he began to understand respect when he experienced how the orphans would always wait at every meal for everyone to have their rice filled on their plates before starting to eat. Hashim was also led to rethink about his attitude towards life and how he should treat others better. Hashim is now a second year student at an Institute of Technical Education (ITE). “My son has really changed for the better. His life is now free from drugs, gangs, theft and fights! I have found my son whom I lost years ago. Thank you very much!”

lopme

nt

YMCA FACES Through the YMCA Financial Assistance and Capability for Employment Scheme (FACES), we provide short-term supplementary financial aid to needy families, address the growing need for employment of people with special needs and provide meaningful work training opportunities for the youths at YMCA Project Bridge. Mr *Ahmad was retrenched in 2007 and was working odd jobs earning about $50 - $80 a week. YMCA FACES provided support that allowed Mr Ahmad’s family to tide through the difficult period by helping them meet some of their basic needs while he sought full time employment.

Impact and outreach in 2010: •

$30,742 disbursed to aid 59 needy families

4 new VWOs joined the Y Financial Assistance scheme: Ang Mo Kio Family Service Centre, Fei Yue Family Service Centre, New Hope Community Services and Whispering Hearts Family Service Centre

Y Confidence • Y Camp Challenge • Y Photo Club • Y Movie Treats YMCA Opera Treats • YMCA Festival of Love • YMCA Project Bridge

*Sham Y Apprenticeship graduate

Y Dance Outreach • Y Care to Dance • Y Green Fingers • Y Nature Walks

re Camp

deve Skills

Father of *Amran YMCA Project Bridge client

“People looked down on me and told me I wouldn’t make it through the six months. But I told them I wanted to prove myself. Now, I’ve succeeded and completed my six months at YMCA!”

Y Visits • Y Outings • Y Arts Challenge • Y Chorus • Y Reading Clubs

Adventu

$9,554 invested in training 9 youths for the Y Employment and Y Apprenticeship Schemes

YMCA Proms @ the Park *Names have been changed to protect their identities.

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YMCA Annual Report 2010

YR ead

ing C lu

bs

Y Y App Employmen t& rentic eship gradu

ates

YMCA Annual Report 2010

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Serving beyond our shores

China •

In partnership with our twinning YMCAs and overseas partners, we reach out to the less privileged regionally through YMCA International Service Programmes and YMCA Rebuilding Communities Programmes. living ving Impro

cond

itions

Shanghai: Facilitated a team of 24 students from Singapore Management University (SMU) to continue their second year of service by teaching English to migrant children in the suburbs of Shanghai and upgrading the facilities of a village school.

Thailand • Chiangmai: Facilitated a team of 19 students from SMU to assist in the construction of a community centre. This project was led by University YMCA (Uni-Y) @ SMU.

Vietnam •

Group

etnam • • China • Vi

Cambodia

• Thailand

YMCA Rebuilding Communities Programmes

Impact and outreach in 2010:

Highlights China

37% increase in volunteer participation vs 2009

953 YMCA volunteers committed 62,784 hours of service

38 trips to 5 countries, contributing over $1.25 million* worth of their time

in touching the lives of

4,770 people

Highlights Cambodia Phnom Penh: Continued the structured YMCA English Language Programme for over 95 children at the Unaccompanied Association (UNACAS) orphanage. Painted dormitories, erected fences, constructed a hydroponic greenhouse to improve the living standards at the orphanage and constructed 4 houses for poor families. Secured sponsors who funded 5 promising high-school graduates to pursue their university studies.

Siem Reap: Extended ‘Grace Road’ by 1.1km. Previously a mud track, the first 1.2km of this concrete road was completed in 2008. Continued to offer the structured YMCA English Language Programme for over 100 students at The Boys’ Brigade Learning Centre (BBLC). Assisted in the construction of toilets and refurbishment of classrooms for 400 children at a village school.

Battambang and Kampong Cham: Constructed a bicycle shed, repaired damaged classroom floors and refurbished the facilities of a village kindergarten. Taught conversational English to the children and youths.

Inter

Sichuan: In collaboration with YMCA Shanghai, a suitable site for the YMCA Learning Centre at Dujiangyan was identified in end 2009. With funding from donations by the people of Singapore that were publicly administered by the Singapore Red Cross Society, a 3-storey building was purchased, renovated and equipped with dormitories, classrooms and a computer lab. To be officially opened by March 2011, English and Computing programmes will be conducted here for the surrounding community.

Migrant ch ildren in Sha nghai

Sri Lanka

*based on the average wage of $20 per hour of a service sector employee - Source: NVPC, Dec 2010

ing in Vietn am

• Sri Lanka

YMCA International Service Programmes

in

learn

Ben Tre Province: Continued to assist in the upgrading of facilities in primary schools within Giong Trom district and taught English to the local students. YMCA aims to enable each school served to eventually achieve the National Standard for education.

actin

g wit Cam h orphan s in bodia

Batticaloa: Initiated a medical mobile clinic programme in April 2010. YMCA mobilised a team of 14 doctors, nurses, medical students and first aiders for this inaugural medical mission to the area. The mobile clinic served 823 villagers in 3 villages. YMCA continues to fund a local medical team to operate medical mobile clinics on a weekly basis. Volunteer medical teams will also be sent annually to support this programme. k i Lan in Sr ic n li ec Mobil

Contribution to disaster relief efforts overseas In 2010, we responded to an international appeal by the World Alliance of YMCAs and the Latin American and Caribbean Alliance of YMCAs (LACA) to support relief efforts in the wake of the devastating Haiti earthquake. The YMCA of Singapore made a contribution of US$1,000 with an additional S$2,943 collected from our members and staff who were moved to lend their support.

nglish Teaching E

10

YMCA Annual Report 2010

Med

ical m iss

ion

YMCA Annual Report 2010

11

a


A Channel of Blessing for the social service sector

The launch of the Citi-YMCA Youth For Causes 2010 programme was officiated by Senior Minister, Professor S. Jayakumar on 22 May 2010. The 400 youth participants went on to set a new record in the 8-year history of the programme by raising over $695,000 for 48 adopted charities. In the same year, the Citi-YMCA Youth For Causes Alumni was established to facilitate past participants in contributing to the programme in a larger capacity beyond their social entrepreneurship projects. The Alumni was instrumental in developing a new monthly e-newsletter, AMBUSH! that was circulated among participants, supporting VWOs and committee members to provide updates on the progress of the various teams. An Awards Celebration was held on 13 November 2010 to recognise the efforts of all participants. The Guest-of-Honour, Associate Professor Ho Peng Kee, Senior Minister of State, Ministry of Law and Ministry of Home Affairs, presented awards to the top teams.

CITI-YMCA YOUTH FOR CAUSES IMPACT AND OUTREACH IN 2010

Sharing and

enabling others “Command them to do good, to be rich in good deeds, and to be generous and willing to share.’ 1 Timothy 6:18

Community initiatives require fiscal support and the drive of capable volunteers to be sustainable. In addition to serving the community through our programmes and services, YMCA is committed to being a Channel of Blessing for the social service sector by developing the capabilities of volunteers and facilitating the raising of funds for the social service sector at large. YMCA is also a conduit for corporations seeking to give back to the community by creating platforms for corporate volunteerism and community partnerships.

Proposals received

152

Teams selected

100

Total seed funding

$160,000

Total funds raised

$695,400

Estimated public outreach

1,300,000

Volunteers mobilised

17,000

VWOs supported

48

Mentorship base

100

Volunteer hours committed

164,152

Value of service delivered

$3.2 million*

YMCA Annual Report 2010

ign

“2010 marks the eighth anniversary of Citi Singapore’s partnership with YMCA to organise the Citi-YMCA Youth For Causes. We are excited to see youths developing greater passion in addressing the needs of the community and raising funds for the less privileged in Singapore. We believe that this programme is an excellent programme to nurture socially responsible business leaders for the future and Citi is committed to continue supporting this highly successful programme.” Michael Zink Country Head and Citi Country Officer, Singapore. “This is my first year as a mentor in the Citi-YMCA Youth For Causes programme. The innovativeness of this programme to give youths a structured opportunity to explore their entrepreneurship skills with a social cause in mind is very impressive.”

Magdelene Koh Leader of Team Feel. Love. Engage, Citi-YMCA Youth For Causes 2010

Shankar Nath Jha Mentor, Team Books of Hope

Creating awareness

Mr Amadou Diablo CEO, DHL Global Forwarding, South Asia Pacific

Tea m

12

pa t cam

*based on the average wage of $20 per hour of a service sector employee – Source: NVPC, Dec 2010

“This fund-raising project has exposed me to harsh realities of life that there are indeed many people who are less fortunate in society and who require our assistance. The experience has led me to think about more ways in which I can help the less fortunate”

“We just need the programmes and platforms like those at YMCA for people to express and share the love and compassion which is already in all of us”

Stree

fun

dr ai

sin

g

sale eet Str

s

YMCA Annual Report 2010

13


Saluting volunteers

Developing capabilities of volunteers YMCA aims to promote and raise the standard and awareness of volunteerism in Singapore. Through the YMCA-Lim Kim San Volunteers Programme, volunteer capabilities are enhanced through training to better serve the beneficiaries. Activities are also organised to attract new volunteers, retain existing volunteers and recognise volunteers who have sacrificed their time and resources to serve others.

Over $78,000 invested in 22,293 hours of volunteer training Flagship volunteer training programme: The YMCA-NUS Business School Volunteer Service Management Programme (VSMP) Introduced in 2007, the first certified management course conducted in partnership with a local premier university for volunteers and staff of non-profit organisations. Members of the NUS Business School Alumni are engaged as volunteer facilitators of the programme.

6,500 volunteers honoured on International Volunteer Day Dr Viv salute ian Balakris s volun hnan teers on IVD

YMCA and the National Volunteer & Philanthropy Centre (NVPC) co-organised the “I Love V! Concert & Carnival” in conjunction with International Volunteer Day on 5 December 2010. The event, graced by Dr Vivian Balakrishnan (Minister for Community Development, Youth and Sports) and other community and business leaders, was possibly the single largest volunteer appreciation party in Singapore to date. In the weeks leading up to the event, YMCA and NVPC engaged various Non-Profit Organisations (NPOs), corporations and individuals in a series of volunteering activities aimed at promoting volunteerism in Singapore. Named ‘MobileCARES’, about 400 volunteers from 20 corporate, community and non-profit groups touched the lives of beneficiaries in 20 volunteer host organisations.

56 participants from

Volunteer

20 VWOs participated in 2010 YMCA-N

US Busin ess Schoo Volunteer l Service Managem ent Progr amme

Corporate Volunteerism

“The VSMP course had a comprehensive coverage. Quality examples were given to aid our learning. YMCA engaged excellent and inspirational trainers who gave practical and useful solutions to case studies.”

YMCA aims to enhance the capabilities of the social service sector and mobilise resources through corporate volunteerism. We provide platforms for corporations to engage in corporate social responsibility, in the hope that sustainable community partnerships can be formed with the VWOs they serve.

Mr Haja Maideen General Secretary, United Indian Muslim Association

New volunteer training programmes in 2010: YMCA Volunteer Leaders’ Training Camp Targeted at YMCA volunteer leaders and members of core volunteer groups, this 2 day – 1 night camp equipped participants with skills in effective communication, leadership, teambuilding, facilitation and volunteer management to drive various YMCA community service programmes. Twenty-two participants signed up for the pilot run from 24 to 25 July 2010. Leader lunteer p o V A YMC g Cam Trainin

s’

crew

In 2010, we co-laboured with corporations and non-profit organisations to touch the lives of the less privileged through our local and overseas community service programmes. ciarie enefi b s t s ion F ho stat SCD t a fire a

s

Our partners include B&Jo Enterprise, Citi Singapore, Crimson Logic, ESRI Singapore, Foo Kon Tan Grant Thornton, Fuji Xerox, Immigration & Checkpoints Authority (ICA), Intellectual Ventures, Jason Electronics, Johnson & Johnson, Nice Systems, NTUC FairPrice, Portek International, PricewaterhouseCoopers, Procter & Gamble, Singapore General Hospital, Southern Star Singapore, Superior Multipackaging, The Nielson Company and Toppan Security Printing. “The volunteering experience with YMCA has inspired us to continue our corporate social responsibility. We will definitely invite YMCA to work alongside us in our care for the needy.”

YMCA Leadership and Management Programme (LAMP) Targeted at Uni-Y leaders and potential volunteer leaders, the training curriculum covers topics such as marketing, events management, leadership, safety management, finance and budgeting. Twenty-two participants signed up for the pilot run held over two Saturdays on 3 and 10 July 2010.

Anita Louise Tax Risk Management, PricewaterhouseCoopers

iLEAP professional course for non-profit leaders In partnership with the Lien Centre for Social Innovation

YMCA Leadership and Management Programme

14

YMCA Annual Report 2010

YMCA was invited to be a part of the iLEAP training programme that aims to promote and support the professional development of non-profit leaders. It is designed for participants from various sectors including the social and health services, community development, charities, education, the arts and environment. Comprising 14 modules, each session is conducted in collaboration with selected community partner agencies at their respective service delivery locations. Since 2010, YMCA is the community partner for the Fundraising module of iLEAP. In addition to structured volunteer training programmes, YMCA also conducts training for volunteers of specific community service programmes, such as understanding and communicating with the elderly.

Volunteers from P& G posing for a group photo with beneficiaries

Volun

teers fro to the m Citi sing ing elder ly

YMCA Annual Report 2010

15


Sowing seeds,

Developing Social Capital “Don’t let anyone look down on you because you are young, but set an example for the believers in speech, in life, in love, in faith and in purity.” 1 Timothy 4:12

“As the Social Enterprise Director, I was able to reconcile my passions in business and community service, knowing that my actions positively impacted other lives made my experience much more meaningful.” James Yoon President, Uni-Y @ SMU

“Hi-Y is an excellent platform for young people to come together to make a positive difference in the community. It exposes us to the needs of the less privileged, equips us with the necessary skills, and gives us the space to turn our noblest dreams into reality.”

Youths today hold the keys to our future. To build capacity for YMCA and the social service sector, we are committed to grooming them into future servant leaders who embrace volunteerism as a way of life and lead YMCA to continue making a positive impact in our society. Through various YMCA youth development programmes, youths are exposed to local and international community ser vice, social entrepreneurship, character and confidence building programmes, and more.

Youth Development Uni-Y and Hi-Y

4 clubs 441 members

Committed 4410 volunteer hours Contributing $88,200* worth of their time *based on the average wage of $20 per hour of a service sector employee – Source: NVPC, Dec 2010 University YMCAs (Uni-Ys) are groups set up in tertiary institutions in Singapore with the mission of empowering youths to be servant leaders. To date, Uni-Ys have been established in Singapore Management University, National University of Singapore and Nanyang Technological University. High School YMCA (Hi-Y) was established to promote leadership development among youths aged 16 to 19.

Challenge r Y Camp Training fo

Highlights for Uni-Y

Uni-Y @ SMU organised the 6th Community Service Freshman Orientation Camp, a 4D3N camp that transformed the perspectives of 112 participants and touched the lives of 110 beneficiaries from MINDS Woodlands, Singapore Association for Mental Health and Institute of Mental Health.

Uni-Y NUS “Go Green for Community 2010” on 10 January 2010.

300 youth volunteers collected 15,670kg of old newspapers and clothing in

one day to exchange for 600kg of rice and 3,500 packets of noodles for 120 needy families in the Keat Hong constituency.

Jack Tan President, Hi-Y

Highlights for Hi-Y

Organised ‘Hi-Y Environment - Recycling with a Heart’ on 10 and 17 April 2010 .

400 youth volunteers mobilised, 11,000 households reached, 8,000kg of recyclables collected. The recyclables were exchanged for cash to purchase grocery vouchers for needy residents in Hougang Estate. Together with the vouchers, various daily necessities were presented to the residents at a giveaway session on 10 June 2010. In appreciation of the volunteers’ efforts, a tea session was held at YMCA on 10 July 2010 in conjunction with a dialogue with Mr George Yeo, Minister for Foreign Affairs, on the state of volunteerism in Singapore and its benefits to the community.

,,

“Hi-Y has enabled me to reach out to the community and give back to society, while reminding me that all our efforts, no matter how small, made a difference to our beneficiaries.” Kevin Leung Former Vice President of Hi-Y Door to door collections for community recycling projects

16

YMCA Annual Report 2010

Freshm an orie n camp w ith ben tation eficiarie s

rge Yeo Mr Geo teers ing volun address

YMCA Annual Report 2010

17


Highlights of other YMCA youth development platforms: YMCA Speaking Awards Comprising the annual YMCA Plain English Speaking Awards (PESA) and YMCA Mandarin Speaking Awards (MSA), this is a national level public speaking competition aimed at building self-confidence among youths and developing their abilities to think and communicate effectively under pressure. The YMCA Speaking Awards is supported by the Ministry of Education, National Library Board, Speak Good English Movement (PESA), Promote Mandarin Council (MSA) and The Confucius Institute (MSA).

24th YM Award CA PESA s Cer emony

Enriching our members

204 students from 159 schools participated

in the 24th YMCA PESA from 30 June to 20 August 2010.

90 students from 67 schools participated in the 4th YMCA MSA from 24 March to 15 April 2010.

Awards ceremonies were organised to mark the end of each programme. Ms Grace Fu, Senior Minister of State, Ministry of Education and Ministry of National Development, was the Guest-of-Honour for the 24th YMCA PESA Awards Presentation, while Mr Heng Chee How, Minister of State, Prime Minister’s Office, was the Guest-of-Honour for the 4th YMCA MSA Awards Presentation.

Participants and judges strike a pose at the end of 4th YMCA MSA

YMCA Exchange Programmes

Inboun

dE

ge xchan

Progr

YMCA Summer Work & Travel USA Programme (SWT) & YMCA International Camp Counselor Programme (ICCP) Twenty youths participated in YMCA’s SWT and ICCP programmes in 2010. These are educational exchange programmes to the USA, providing university students the experience of living and working there during their official summer school break. Participants of the ICCP served in wilderness, religious and special needs camps in different parts of USA and gained new skills through cultural exchange with their American peers.

e ith confidenc Speaking w

Proverbs 11:25

Being a me mbe r ship -ba se d se r vic e organisation, YMCA strives to engage every member as volunteers and every volunteer to join us as members.

Alumni of YMCA PESA and YMCA MSA returned to serve as emcees, timekeepers and volunteered in YMCA community service programmes.

In collaboration with the Chinese YMCA of Hong Kong and Kumamoto YMCA in Japan, YMCA hosted 129 students from both countries for exchange programmes in 2010. The visiting youths experienced the multi-cultural flavours of Singapore and learnt how we progressed from Third World to First within a generation. Participants were given opportunities to serve in our community service programmes as part of the enhanced service learning experience. YMCA also organised an exchange programme for 11 members to fellowship with YMCA Shanghai and to visit Expo 2010 Shanghai. A staff exchange programme was also arranged then.

“A generous person will prosper; whoever refreshes others will be refreshed.”

amme

Regular activities are planned to enrich the lives of our members. In addition to informative workshops and adrenalin rushing sports and adventure activities, various YMCA service clubs run niche activities to cater to varied interests. As a Christian organisation, we also seek to strengthen the Christian lifestyle of our members through our programmes and activities.

Work

ing in USA

“Thanks for organising the really great weekend – I really enjoyed THE WHOLE TRIP... laughed a lot – we were also well prepared during the pretrip briefing so there wasn’t any nasty surprises. I also liked the fact that we took different modes of transport – coach, 4-wheel drive, boat up-river & hike to get to the camp. It added a sense of adventure to the whole travel experience.”

“I love YMCA because it is a fun place filled with lively people. I lost so many years not knowing that YMCA has so many programmes at competitive prices compared to other places. Thank you YMCA for all the fantastic programmes that you are organising.” Alfred Lim YMCA Member

Audrey Lau, 53 Y Adventures: Endau Rompin participant

18

YMCA Annual Report 2010

YMCA Annual Report 2010

19


YMCA Membership

Outdoor Adventure (Intergenerational Programme Series)

522 participants on 35 trips

As of 31 December 2010, the YMCA family comprised:

568 Full (Life) members 16 Full (Ordinary) members 1,046 Ordinary (Life) members 436 Ordinary (Annual) members 222 Ordinary (Youth) members 789 Associate members 967 Associate (Youth) members

op Balloon sculpting worksh

Chee Lai Fong, 55 Y Treks: Cameron Intergenerational Programme Series participant

• Partnered 9 new merchants to offer greater privileges to our members. They are Atlantic Optical, Atos Wellness, De Coders’ Café, Hup Leong, Inner Peace, Sonata Rainbow Dancewear, Superdog, Tom’s Palette and Indo Padang. •

Participa

Expanded the range of YMCA merchandise to provide more choices for gifts and collectibles.

• Organised workshops and seminars such as chocolate making, hairstyling, balloon sculpting, the science of magic, vocal training, parenting skills and investment skills.

Chocolate

making wor kshop

Y Treks:

BikeYworks:

Y Ski:

681 participants

282 participants

106 participants

made 35 trips to scenic locations in China (Shangri-La), Hong Kong, Malaysia (Endau Rompin National Park, Gunung Belumut, Cameron Highlands and Mount Ophir) and Nepal (Annurpurna Region).

joined our regular mountain biking workshops, guided rides and mountain biking expeditions. We brought 8 participants on an inaugural epic 5-day expedition to Chiangmai, Thailand. YMCA also conducted workshops for 97 participants from corporations and schools including Standard Chartered Bank, Hwa Chong Institution and Outram Secondary.

joined our annual ski trips to Chuncheon in South Korea and Hokkaido in Japan, organised with support from Chuncheon YMCA and Hokkaido YMCA.

Fitness & Dance

1,398 subscriptions for dance programmes 424 subscriptions for fitness programmes 454 gym users with 7% subscribed to personal training programmes

“This trip brought me to places with great sceneries and it’s definitely a fun filled hike and bike experience. The highlight of my trip was the view at ‘Bai Ji Shi’; It was magnificent, a rainbow took us by surprise! We were lucky enough to be able to see the rainbow while overlooking the town of Shangri-La!”

Performing Arts: YMCA Arts Education Programme

60% increase in bookings by schools for the YMCA Arts Education Programme. Conducted by the Lindy Hop Ensemble, a YMCA Associate in the Arts.

Fitness programm e

Tan Tze-Eng Y Treks: Shangri-La participant

Sports: Golf

136 golfers

nts aged 6 to 69. Y Treks : Hong K ong

Outdoor Adventure

YMCA Lifestyle Programmes Highlights

: Nepal Y Treks

“I am very happy and very energised after this hard tough trek – it was good & enjoyable.”

Highlights

YMCA organised a new series of intergenerational outdoor adventure programmes in 2010. We effectively reached out to a new market of active seniors and now have participants ranging from 6 to 69 years old! In recognition of YMCA’s efforts in promoting intergenerational bonding through outdoor adventure, YMCA was one of six finalists at the inaugural Intergenerational Bonding Awards, organised by Council for Third Age and supported by the Ministry of Community Development, Youth & Sports.

for YMCA Golf Fellowship

Sports: Fencing

D

59 fencers joined the YMCA Fencing Programme 27 fencers in the pre-competitive fencing team 11 fencers made it to the Top 16 of Women Foil Fencers in Singapore and

Prog ance

ramm

e

During the year, YMCA of Singapore entered a new partnership with YMCA of Tokyo to bring participants to a third Y Ski location, the renowned Myoko Kogen Ski Resort.

“Chris De Souza (YMCA BikeYworks instructor) made the trip really fantastic by introducing us to the localities of the area and made sure we were comfortable, never giving us a cause of concern. Our trip was well taken care of and wow, I REALLY had the time of my life; The entire trip experience of Chiang Mai has been the BEST. I would trade ALL my trips just for the Chiangmai trip!”

“I would like to thank YMCA for your hospitality and excellent ski instructions during my recent stay at the Myoko YMCA lodge. I have gained much from the personalized and professional coaching. I have also enjoyed the cultural exchange - mochi making... I will be back in 2011” Michael Tang Y Japan Ski: Myoko participant

Aloysious Ng BikeYex Chiangmai participant

invited to join the National Women’s Foil Fencing Team

140

local and international fencers competed in the 3rd YMCA International

Fencing Cup from 11 to 12 December 2010 and Sparring Camp from 6 to 9 December 2010.

40 joined the inaugural YMCA

YMCA’s Y Sparks Fencing Team won accolades at local and international competitions during the year. Denise Fu Zhi Ying, 14, won a bronze medal against regional adult fencers in the Women’s Individual Foil at the South East Asia Fencing Federation Championship in Brunei. Another honourable mention goes to Lim Qi Hui, 13, for her bronze Women’s Foil medal at the Taipei Open Fencing Championship against experienced adult fencers. YMCA was very honoured to have Standard Chartered Bank as the Presenting Sponsor of the inaugural YMCA Sparring Camp and 3rd YMCA International Fencing Cup in December, supported by the Y Sparks fencing parent volunteers.

20

YMCA Annual Report 2010

YMCA fencing coach Maria Bobok

3rd YM CA Int ernatio nal Fencing Cup

YMCA Annual Report 2010

21


YMCA Clubs Highlights

Highlights

As a Christian organisation we seek to connect people together with a Christcentred focus through our programmes and activities, based on Christian principles and values.

International Y’s Men’s Club of Singapore (Alpha Chapter) The International Y’s Men’s Club is one of the oldest service clubs of the YMCA of Singapore. In 2010, the Club rallied its members and leveraged on its networks to support several YMCA programmes and events. These include YMCA PESA and community service programmes such as YMCA Proms @ the Park, Y Camp Challenge, YMCA Christmas Luncheon, YMCA Opera Treats and fundraising events such as the book launch of “Lim Kim San: A builder of Singapore” and YMCA Flag Day. The Club also co-hosted a year end Christmas Party for about 80 elderly and needy residents who are on the Soup Kitchen food programme at the parish hall of the Church of St Francis of Assisi. In June 2010, Y’s Men from Hong Kong, Malaysia, Singapore and Thailand attended the International Y’s Men Regional Conference held at the YMCA of Singapore in June 2010.

ing during for coin sort Volunteering ay D g la YMCA F

tiona Conversa

lasses l English C

The Club welcomed their new President, Mr Edmund Chew on 1 July 2010. It was recognised as the Most Improved Club in 2010 by the Governor of Division A, District 80, Mr Yeo Chai Tun, and won the Toastmasters International President’s Distinguished Award for achieving 10 out of 10 Distinguished Club Programme goals. YMCA Toastmasters Champion Pradeep Kumar represented the Toastmasters District 80 at the semi-finals of the World Champion of Public Speaking Contest in USA. The Club organised the YMCA Conversational English Classes for foreigners from February 2010. Over 80 participants signed up for the class, held every Tuesday at the Y Terrace. Two workshops were organised during the year for over 120 participants. The A&E Impromptu Speech Workshop on 3 February 2010 and 5 Tips to becoming a Speech Critic on 19 May 2010. Through the workshops, YMCA Toastmasters Club increased their membership to 37.

YMCA

Toastma sters C lub members

The Club also sponsored an extension Club in EASB Eagles Toastmasters Club @ Balestier Campus. Several YMCA Toastmasters Club members were appointed Club Sponsors, Club Mentors and ExCo Advisors.

The YMCA Folk Dance Group was first started in the late 1940’s by Mr Douglas Gomes, Mr Francis Lee, Mr Dennis Norris and a number of other YMCA members. In the years that followed, the group flourished and regular folk dance parties were held at the YMCA. Its members were often invited to give demonstrations at various other organisations.

22

YMCA Annual Report 2010

participants came for 4 YMCA Public Lectures organised during the year, aimed at helping working adults apply Christian principles in their daily lives and ministries. Topics covered included “Living in a Digital Age”, “Fatal Attraction”, “Fatal Attraction 2” and “God Makes Sense Even When Life Doesn’t”.

200

270

100 elderly were invited for a Christmas Lunch at YMCA on 22 December

GROW

as part of the “YMCA Fulfilling a Christmas Wish” project. Each of the 100 seniors were asked to share with the YMCA their Christmas wish for the year. Their wish list was uploaded on the YMCA website and shared among YMCA members, volunteers, Board members and staff. All wishes were granted and the Seniors were presented with their wish items at the Lunch.

YMCA

ecture Public L

The Christian programmes and activities in 2010 had encouraged growth and development of Christian life and service among our stakeholders.

“The talk was very informative, useful and made me understand the seriousness of sin. I’ve learnt that sin can be very deceptive, but only God can save us”. Alfred Lim Public Lecture attendee

Y Knot

“YM

A Folk dance group

n

participants joined the World Week of Prayer and Fellowship from 15 to 19 November. This week-long annual fellowship was co-organised by YMCA of Singapore, Metropolitan YMCA and YWCA. The theme for 2010 was “Women Creating a Safe World”, based on Isaiah 41:10.

Cynthia Tan Youth

YMC

staff d evotio

youths participated in 12 Y Knot Christian Youth Outreach sessions, organised monthly by YMCA, supported by Singapore Youth for Christ (SYFC) and Singapore Campus Crusade for Christ (SCCC).

“I liked the good sharing in Y Knot; very clear points being brought across. The singers were very earnest. Thank you, I am blessed!”

YMCA Folk Dance Group

The Group celebrated its 48th Anniversary in January 2010. During the year, they organised four gatherings with an average turnout of 80 participants, conducted two dance courses for over 30 participants and was invited by MacPherson CC in December 2010 to perform a repertoire of five Folk dances to the residents of MacPherson during a Christmas party.

260

YMCA Toastmasters Club The Club is noted for developing and producing many successful public speakers. Talks and workshops are organised occasionally to help its members develop their public speaking and leadership skills. Its members meet twice every month for Club meetings at the YMCA of Singapore.

An average of 50 Pastors of various denominations were invited to minister the Word of God and encouraged staff to apply Christian values and principles at work and daily life every Tuesday morning at GROW (God Renews Our Walk, Week & Work) Staff Devotion. Topics covered included “Salt & Light in the Marketplace”, “Unity in the Midst of Diversity” and “Making a Difference in an Indifferent World”.

CA

Fulfi ll

ing a Chr ist

mas

Wis

h”

YMCA Annual Report 2010

23


YMCA School Highlights • Accredited with

EduTrust and ISO Preparatory Classes

Offers GCE ‘O’ Level Academic Courses and

200 local and multi-national students from 10 countries enrolled in 2010

YMCA School provides a holistic curriculum by balancing an excellent government endorsed academic syllabus with a structured character development programme. Students are exposed to wholesome activities beyond the classroom to improve their general knowledge and social skills.

YMCA Social Enterprises Nurturing With Passion, Hospitality With A Heart

YMCA runs two social enterprises. YMCA Education Ser vices and YMCA International House. Surpluses generated are channeled to cover the corporate costs of the organisation and part of the cost of running the numerous YMCA community service programmes. As we continue to serve the community in His name, we pray that God continues to bless our social enterprises and bestow us with wisdom and prudence to be good stewards of these resources.

24

YMCA Annual Report 2010

Highlights 233 students enrolled in 2010

Registered as a Private Education Institution in Singapore with the name YMCA Education Centre (YEC) under the Private Education Act 2009 on 11 October 2010

Fulfilled EduTrust requirements in Nov 2010

Organised alumni networking events for over 140 past and present students of our Australian Maritime College (AMC) and Strathclyde MBA programmes

Srinivasan Chinta Senior Project Manager, Spec Tec Asia Pacific Pte Ltd

Active student recruitment with strong presence at Martech 2010 (Maritime Technology Exhibition and Conference) and Career & Learning 2010 (Education fair)

“We had a wonderful stay here at the YMCA, friendly helpful, clean and fun. Thanks for all the work you do to keep this place running and making us feel special while we were here… Blessings!”

YEC played host to the annual Strathclyde Business School’s (SBS) Annual Partners’ Meeting from 22 to 24 November 2010 at the Conrad Centennial Hotel. Chaired by Professor Colin Eden, Associate Dean and Director of the International Division, SBS, the meeting brought together management representatives from the nine international MBA Centres and senior staff from SBS. Besides charting the strategic direction for the MBA programme in the coming months, the meeting also helped to forge friendships and international collaborations. Sixty students completed the Strathclyde MBA programme offered at YEC in 2010, an all-time record for Singapore. The annual graduation ceremony was held on 19 Nov 2010 at Hotel Rendezvous. Certificates were presented by Professor Eden and Dr Michael Marck. In his valedictorian speech, Mr Tan Boon Yeong, one of the two top students with distinctions in their MBA project commented that the race to the Strathclyde MBA was a “demanding one and definitely not for the faint hearted. Being the very few that holds triple accreditation, the Strathclyde MBA is no doubt – world class.”

Jennifer Obokata Canada

Mabel Hui English Preparatory Class Advance Student

YMCA Tertiary

“After completing my Master of Business Administration (Maritime and Logistics Management) offered by the Australian Maritime College at YMCA, I was promoted to SENIOR PROJECT MANAGER with more leadership roles and responsibilities. I now manage projects across the Asia Pacific region. I’m really proud of this new qualification next to my name.”

“Dear Mrs Helen Tan (Principal), I thank you very much for giving us a conducive environment with so many activities. I like your teaching method, or I should say teaching style, that is why my school life in YMCA is not monotonous but enjoyable.”

In 2010, students attended a 3-day adventure camp and participated in co-curricular activities such as Basketball, Badminton, Table-Tennis and more. They also went on Learning Journeys to the Museum, Singapore Discovery Centre and the Science Centre. Volunteers from City Harvest Church conducted chapel services during the weekly school assembly. “MELTZ”, held on the last Friday of every month, provides a platform for students and teachers to relax and bond. “MELTZ” is organised by volunteers from Gospel Light Christian Church. Our students were mobilised to sell flags on YMCA Flag Day and to serve in community service programmes such as the YMCA Proms @ the Park.

“Now he who supplies seed to the sower and bread for food will also supply and increase your store of seed and will enlarge the harvest of your righteousness. You will be enriched in every way so that you can be generous on every occasion, and through us your generosity will result in thanksgiving to God.” 2 Corinthians 9:10-11

Bonding ti me at “ME LTZ

Gradu ates o f Stra MBA thclyd progra e mme a t YMC A

“The Strathclyde MBA has been a very enriching experience for me. I am most satisfied with the academic content and have emerged with good practical knowledge to help me to become a better manager.” Boon Yeong Market Development Manager, MacSween

YMCA Annual Report 2010

25


YMCA Child Development Centres Student Care Centres

&

YMCA International House @ One Orchard A preferred Home away from Home

17% increase in enrolment vs 2009 In 2010, our three Child Development Centres (CDCs) and seven Student Care Centres (SCCs) provided 730 children with educational and emotional guidance in a warm, nurturing and stable learning environment. During the year, all our CDCs had their licenses renewed for 24 months by the Ministry of Community Development, Youth and Sports (MCYS).

Highlights for YMCA CDCs

Chinese Calligraphy competition

“YMCA CDC teachers are very patient. My child has shown greater interest in learning especially in Chinese Language.” Mdm Yee C S Parent of Kelly Tan (K2 student at Bukit Batok YMCA CDC)

Nestled between Singapore’s shopping belt, Orchard road and the Culture & Arts precinct, guests of the YMCA International House @ One Orchard experience the convenience of a thriving city life and the warm hospitality the YMCA has to offer. Clean, comfortable and cosy rooms become the perfect sojourn for both the weary business traveller and those on vacation. 2010 was a year of recovery and growth; and God continued to bless us with good returns.

Awarded Health Promotion Board (HPB) Healthy Eating at childcare centres Award

Nurtured 200 children to reach their maximum potential in 2010

Conducted in-house training and workshops for teachers

With ever-changing market conditions and the increasing demands for budget to 3 star category accommodations, we adopted a proactive approach to improve services and facilities offered to remain competitive in this dynamic industry.

Organised Teachers’ Day Celebrations

In May 2010, we undertook the upgrading of rooms on the 7th and 8th floors.

Parental involvement in Children’s Day Celebrations and Annual Graduation Concert and Festival Celebrations

The new rooms garnered very favorable feedback from our guests.

K2 children learnt Chinese calligraphy and produced couplets at the Chinese Calligraphy Competition

The YM CA

Interna

tional H ouse

On top of our academic curriculum, we organised various enrichment activities for the students. These included customised thematic holiday programmes conducted in collaboration with Speech & Drama specialists that allowed the children to discover something new each term. They learnt more about themselves, plants and animals and other world cultures.

Highlights for YMCA SCCs •

Opened a new school-based centre in Loyang Primary School

Gan Eng Seng SCC received the 2010 Partner in Education Award

Nurtured 530 students to reach their maximum potential in 2010

Students decorated ‘Peace Lanterns’ in partnership with YMCA Hiroshima Japan to remember those who died in the 1945 atomic bombing

Gan Eng Seng SCC students donated their old toys to needy children in a joint project with Singapore Management University called ‘Share a Little Joy’

Students from Taonan SCC learnt about sports injuries, teamwork and perseverance in a service learning collaboration with Victoria Junior College

Students from St. Margaret SCC met NBA Basketballers at an NBA FIT clinic co-organised by YMCA of Singapore and Metropolitan YMCA

Students from Loyang SCC were introduced to ‘Stacking Crazy Cups’ by volunteers

Our SCC programmes are designed to provide each child with the educational and emotional guidance and support that they need, through structured lessons fo cu s ing o n va lu e, c h a rac te r bu ilding a nd se r v ic e l e a r ning. Edu c atio na l excursions, fun and enriching activities and programmes were scheduled right through the year. “The centre teachers show true care and patience towards the children. Having stable teaching staff is also a plus point as they are able to monitor and provide feedback to parents in a consistent and timely manner.”

Roof top swimming pool

uation Annual grad

“St

ack

ing C ra

Privileged use of Facilities

concert

Guests keen on keeping their fitness regimes had privileged access to the gymnasium and the swimming pool. The Members’ lounge and complimentary Wi-Fi access provided guests a place to meet other international travelers and to keep in touch with friends and family through internet connectivity. zy C ups”

activ

ity

“Staff were very friendly and helpful. Facilities used – gym and pool were excellent.”

Lobby of the YMCA International House

Y Café

Y Café

Function Rooms and Auditorium

With its ala-carte menu filled with scrumptious western delights and mouth-watering local fare, Y Café is popular with both local and foreign guests. Chefs at the Y Café also put together an exclusive Christmas menu especially for guests who spent their holidays away from home.

Throughout the year, the function rooms and auditorium were in demand by both internal departments and external organisations. The well equipped rooms proved to be a comfortable and convenient choice of venue for corporate events, church group activities, annual general meetings, seminars and trainings.

In 2010, the Y Café saw remarkable growth with seasonal menus and weekly blackboard offerings.

“I’m glad to have chosen the YMCA, My family was very pleased with the cleanliness of the rooms and bathrooms. YMCA is very strategically located and close to many shopping places and staff are friendly too.”

Judi Kunstek (retiree) Melbourne, Australia

Yunani Zainal Jawa Barai, Indonesia.

Mr Lee Chee Kiong Parent of Lim Yan Zhe (Student at Canberra YMCA SCC)

26

YMCA Annual Report 2010

YMCA Annual Report 2010

27


International fellowship

& relations

“And let us consider one another to provoke unto love and to good works: Not forsaking the assembling of ourselves together, as the manner of some is;

Fundraising “And God is able to bless you abundantly, so that in all things at all times, having all that you need, you will abound in every good work.”

but exhorting one another: and so much the more, as ye see the day approaching.”

2 Corinthians 9:8

Hebrews 10:24-25

As a Christian organisation affiliated worldwide through the World Alliance of YMCAs, the YMCA of Singapore maintains regular contact with other YMCAs around the world. We are also a member of the Asia and Pacific Alliance of YMCAs (APAY), a federation of YMCA movements in 27 countries and territories in the Asia Pacific. We are also a part of a network of nine Twinning YMCAs in the region.

Dazzling into 2010

@ Grand Copthorne Waterfront Hotel, 1 January 2010

$107,623

raised for

YMCA Project Bridge Organised by Mrs Swee Wong

YMC A of de Sing 17th legation apore in H World Coun K for th e cil co nfer ence

APAY tes at the Youth delega eeting in HK ommittee m Executive C

22 Fes nd YM tiva l of CA Spo rts

28

YMCA Annual Report 2010

10 - 13 March

30 April - 2 May

Mr Stephen Loh (President, YMCA of Singapore) and Mr Albert Ching (General Secretary, YMCA of Singapore) at tended the APAY E xecutive Committee Meeting in Hong Kong. YMCA of Singapore was invited to present two papers at the meeting.

Mr Stephen Loh and Mr Albert Ching represented the YMCA of Singapore at the Tainan YMCA 55th Anniversary Celebration.

19 - 24 July Mr Stephen Loh led a delegation of nine to the 17th World Alliance of YMCAs conference in Hong Kong. At the event, YMCA volunteer leader Mr Oliver Loke became the first Singaporean to be elected into the World Alliance of YMCAs Executive Committee. Oliver, aged 23, won the election with a majority vote of 140. He will serve a term of four years from 2010 to 2014 and be involved in the development of youth leadership, mobilisation of resources and strengthening of YMCA mission within the Asia Pacific region.

25 - 30 July Mr Albert Ching was invited to attend the YMCA World Urban Network (WUN) Conference in Hong Kong and gave a presentation on the work of the YMCA of Singapore and our youth development programmes. WUN brings together 100 Chief Executives and General Secretaries of significant urban YMCAs from across the globe. The theme of the conference was “The Health of Children and Youth around the World”.

23 - 24 October Mr Stephen Loh represented the YMCA of Singapore at the Manila Downtown YMCA 90th Anniversary Celebration.

11th YMCA Charity Golf

Dazz

@ Tanah Merah Country Club on 30 July 2010 Presented by NTUC FairPrice Foundation Ltd

ling in to 20 10

Over 140 golfers in 36 flights

$192,618 raised for

the YMCA-Lim Kim San Volunteers Programme Fund Corporations that participated included Accenture Pte Ltd, Bank of Singapore Ltd, Citibank Singapore Ltd, DBS Bank Ltd, ESRI Singapore Pte Ltd, Hewlett-Packard Singapore Pte Ltd, Ho Bee Investment Pte Ltd, Keppel FELS Ltd, Knight Frank Pte Ltd, Lippo Realty (Singapore) Pte Ltd,

28 - 31 October

Lum Chang Holdings Ltd, Marco Polo Marine Ltd, NTUC FairPrice Co-operative Limited,

Ms Lynette Yeo (General Manager, YMCA Education Services) represented the YMCA of Singapore at the Chengdu YMCA 100th Anniversary Celebration.

PowerSeraya Ltd, PricewaterhouseCoopers LLC, Sim Law Practice LLC, Singapore Press Holdings Ltd,

5 - 8 November YMCA of Singapore and Metropolitan YMCA jointly organised the 22nd YMCA Festival of Sports in 2010. Held at the Singapore Sports School, more than 100 athletes and delegates from seven YMCA movements in the region including YMCA Kuala Lumpur, YMCA Penang, YMCA Kota Kinabalu, Manila Downtown YMCA, Tainan YMCA, Metropolitan YMCA Singapore and YMCA of Singapore participated in this biennial event.

26 - 28 November Mr Albert Ching was invited to attend the YMCA Australia National Convention at Bundaberg, Queensland, Australia. Mr Ching facilitated two workshops on Youth Development and International Programmes and gave a keynote presentation where he shared on the work of YMCA of Singapore.

Sinochem International (Overseas) Pte Ltd, Stamford Tyres Corporation Ltd,

11th

Superior Multi-Packaging Ltd, Tecity Group and Times Publishing Limited.

YM

CA

ri Cha

olf ty G

Launch of “Lim Kim San: A builder of Singapore” book @ NTU Alumni Clubhouse on 15 June 2010

$228,848 raised for

the YMCA-Lim Kim San Volunteers Programme Fund

Jointly organised by YMCA and the Institute of Southeast Asian Studies (ISEAS) Launch of “Lim Kim San: A builder of Singapore”

2010 YMCA Flag Day

- Islandwide on 28 August 2010

1,200 students, YMCA volunteers and staff mobilised to sell flags

$79,397 raised for

the YMCA Community Service Programmes YM

CA

Flag

Day

YMCA Annual Report 2010

29


Thanksgiving “We always thank God for all of you, mentioning you in our prayers.” 1 Thessalonians 1:2

Corporate Donors $200,000 and above Tan Chin Tuan Foundation $50,000 and above NTUC FairPrice Foundation Limited The Community Foundation of Singapore $10,000 and above Council For Third Age Credit Suisse Singapore Guocoland Limited Haw Par Management Services Pte Ltd Lee Foundation Lum Chang Building Contractors Pte Ltd PSA International Pte Ltd Serene Land Pte Ltd Singapore Press Holdings Foundation Ltd Skyway Credit & Leasing Pte Ltd $5,000 and above Accenture Pte Ltd Antics @ Play Bank of Singapore Limited Barker Road Methodist Church Citibank Singapore Ltd DBS Bank Ltd ESRI Singapore Pte Ltd Hewlett-Packard Singapore Pte Ltd Ho Bee Developments Pte Ltd Keppel FELS Limited Knight Frank Pte Ltd Lippo Realty (Singapore) Pte Ltd Lum Chang Holdings Limited Marco Polo Marine Ltd NTUC FairPrice Co-operative Limited Phillip Securities Pte Ltd PowerSeraya Ltd PricewaterhouseCoopers LLP Procter & Gamble Asia Pte Ltd Sim Law Practice LLC Singapore Press Holdings Ltd Sinochem International (Overseas) Pte Ltd Source Manufacturing Pte Ltd Stamford Tyres International Pte Ltd STT Communications Ltd Superior Multi-Packaging Ltd Tanah Merah Country Club Times Publishing Limited $3,000 and above Allied World Assurance Company Ltd Applied Biosystems B.V. Wesley Methodist Church

$1,000 and above Asia Pacific Breweries (S) Pte Ltd C K Holdings (2003) Pte Ltd Guan Chuan Engineering Construction Pte Ltd Moulmein Citizen’s Consultative Committee Nanyang Technological University Alumni Club National Trades Union Congress NTUC Income Insurance Co-operative Limited Robert Khan & Co Pte Ltd Rolex Singapore Private Limited Singapore Post Limited The Hongkong and Shanghai Banking Corporation Limited The National University of Singapore Society Toyochem Ink Pte Ltd $500 and above Addicon Logistics Management (S) Pte Ltd B&Jo Enteprise Pte Ltd CrimsonLogic Pte Ltd David Yeung & Co. PAC Fuji Xerox Singapore Pte Ltd Intellectual Ventures Asia Pte Ltd Jason Electronics Pte Ltd Portek International Ltd Qbe Insurance (International) Ltd Sashi Kala Devi Associates Singapore General Hospital Southern Star Singapore Pte Ltd The Nielsen Company (Singapore) Pte Ltd Toppan Security Printing Pte Ltd Transview Golf Pte Ltd Tricor B O-Nice System (S) PL United Premas Limited $100 and above Davis Langdon & Seah Singapore Pte Ltd DL Corporate Advisors Pte Ltd Foo Kon Tan Grant Thornton LLP Ipic Security & Investigation Pte Ltd Revival Centre Church V.C. Edwardt Pte Ltd

Individual Donors $10,000 and above Chew Gek Hiang Lim Kiat Beng Lim Kiat Seng Ng Saing Leong Ooi Boon Hoe Tan Kheng Lian Wee Wei Ling $5,000 and above Chew Kwee San Peter Tay Yew Beng Tay Puan Siong Eric Teng Heng Chew Teo Zi-Ming

$3,000 and above Robert Loh Choo Kiat David Wong Cheong Fook $1,000 and above Albert L H Ching Chee Tiang Chwee Alfred Chew Kah Chuan Choong Ying Chuan Daniel Chan Choong Seng Ee Keng Mun Richard Harry Susilo Indranee Thurai Rajah Jimmy Beng Kian Siew Khoo Ken Hee Leslie Wong Kin Wah Ngiam Tong Dow Ong Eng Hung Ong Kian Min Quek Seow Chim Seng Han Thong Sim Miah Kian Stephen Loh Sur Yong Tan Din Yee Tan Hwee Hua Tan Joo Seang Tan Thong Kwan Tan Tuan Hong Toh Giap Eng Zainul Abidin Rasheed $500 and above Chau Shing Chi Chun Wai Kok Grace Low Koh Chee Hiang Lee Liat Cheng Li Hung Low Elsie Magdalene Sik Swee Hiang Poon Fook Kuan Quah Han Peng Roland Sean Wallace Tan Boon Yeow Tan Jin Woo James Tan Li Ling Teo Eng Cheong Tok Soon Chong William Wong Tien Leong Wong Kwan Bik Yuen Chow Hin $200 and above Alan Heng Anthony Teo Samuel Chan Wei Mun Cheong Yeem Yoong Pauline

This list may not be exhaustive. In the event that we have inadvertently omitted the name of any contributor, we apologise for the oversight.

30

YMCA Annual Report 2010

Cheryl Ng Chua Lay Cheng Edward Ong Keng Wan Ho Joon Wah Benjamin Jacqueline Tan John Chan Koh Hao Keong William Kwong Yat Ping Lucien Wong Yuen Kuai Lynda Ong Bee Yong Suresh Menon Tan Jer Kiat Laurence Wong Choon Mee Yeo Pee Lung $100 and above Caleb Cheong Wan Yin Chin Siew Ling April Chng Angeline Dennis Lee Poh Wah Fok Tai Hung Indranil Sarkar Johnson Tan Kenneth Tan Kevin Lim Kai Wern Lee Soo Ann Lim Bee San Mei Hu Oh Shao Wei Ong Xi Quan Ryan Packiam Ammal Williams Peh Oon Bee Lilian Peter Quak Choon Chai Quek Hong Kai Dennis Ramasamy Mahalingam S S Leong Samuel Tay Sim Thiam Guan Steven Tsui Fai Tan Jia Kien Tang Kin Fei Tay Chu Kwang Samuel Thiris Arfan Lie Thomas L Hoeppnel Jr Thomas Lim Kim Soon Wong Tat Keung Wong Wui Choy $50 and above Analeah De Guzman Andrew Leo Cheang Sen Andy Tan Anthony Chan Brenda Ong Casey Heng Kim Chai Cecil Andrew Cham Ser Yin Cheng Su Chen Edmond Tay Sean Foo Edwin Lim Shun Wei Esther Tay Yan Peng Foo Siew Khuan Eric Francis Wong Frederick Talaue Garett Lim Cheon Lam Goh Hui Miang

Ho Lian Kuang Ivan Choo Chee Hoe James Ji Jiayu Jenny Lim Juliane Oh Karen Wong Ken Chee Kuan Tat Kisahwan Tan Koh Ghee Wei L S Pang Lam Wai Keng Don Lee Enwei Benedict Lee Wee Seng Lim Geok Leng Lim Hong Khiang Low Mui Khim Low Wai Yeen Lucy Gwee Mary Janet Manlosa Alfonso Meenasoman Michael Kitara Tay Mok Wai Hoe Ng Rui Xiang Samuel Patrick Han Quek Kwang Yong Seah Gek Lew Margaret Simon Quah Soh Pheck Hong Soo Soon Steven Chia Oon Seet Tan Shin Hui Bryan Tan Suan Tiu Tan Sze Wee Tan Wen Tai Teo Meng Hwa Too Shiun Chee Wen Hong Ming William Lim Wong Po Sing Catherine Yin Ling Jennifer

Corporate donors-in-kind 77th Street (S) Pte Ltd AEGIS Insurance Services Pte Ltd Asiapac Books Pte Ltd AT Reservation Network Pte Ltd Axton Pte Ltd Bank of Singapore Limited Batam View Beach Resort Borneo Motors Singapore Pte Ltd Byteworks International Pte Ltd Canon Singapore Pte Ltd Championship Golf Academy Citibank Singapore Limited Cortina Watch Pte Ltd Crystal Time (S) Pte Ltd Delpi Marketing Resources (S) Pte Ltd East Town Gasmart Pte Ltd Estée Lauder Evar Air-Conditioning & Engrg Pte Ltd F&N Foods Pte Ltd Frasers Hospitality Pte Ltd Frolick Furama Hotels International Management GE Capital Singapore Holdings Pte Ltd General Mills Sales Singapore Pte Ltd

Haw Par Corporation Hilton Singapore I Pacific Office Pte Ltd Indah Puri Golf Resort Ipic Security & Investigation Pte Ltd JP Pepperdine Group Pte Ltd Khong Guan Biscuit Factory (S) Pte Ltd Lago Catering Services Lim Kim Seng Food Supplier Pte Ltd Lollipop Art Studio Lumineux Party Rentals MACS-UIB Insurance Brokers Pte Ltd Maxias Pte Ltd McDonald’s Singapore Microsoft Corporation Naili Printing Industry National Council of Social Service New Ubin Seafood NTUC FairPrice Foundation Limited Orchid Laundry Panpac Education Pte Ltd Pansing Distribution Pte Ltd Petra Foods Limited Quantum Reservation Pte Ltd Reader’s Digest Renown Print Services Royal Selangor (S) Pte Ltd Singapore Press Holdings Ltd SouthLinks Country Club Spa Furama Sprinkler Fire Systems Pte Ltd Tai Hua Food Industries Pte Ltd Tan Chin Tuan Foundation Tan Meng Yew Electric Co TaylorMade Golf Company Teba Engineering & Enterprises Telechoice International Limited The Hongkong and Shanghai Banking Corporation Limited Thirtythree Pte Ltd Transview Golf Pte Ltd V.C. Edwardt Pte Ltd Xi Yan Private Dining Yakult Singapore Pte Ltd YMCA Finance YMCA International House Yong Wen Food Industries (S) Pte Ltd

Individual donors-in-kind Albert L H Ching Claris Oon Dennis Lee Poh Wah Elsie Kwow Eric Chan Aik Leong Helen Tan Ho Lye Heng Lin SuHui Denise Ooi Kelly Parents of Jeremy Teng Jun Jie Parents of RaeAnne Choo Peter Sim Swee Yam Tan See Keat Teo Zi-Ming

This list may not be exhaustive. In the event that we have inadvertently omitted the name of any contributor, we apologise for the oversight.

YMCA Annual Report 2010

31


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

Corporate Governance Registration and Compliance YMCA of Singapore (the “Association”) is a Christian Voluntary Welfare Organisation and registered as a Society under the Societies Act on 12 April 1961. It is also registered as a Charity under the Charities Act on 26 November 1985 and is currently recognised as an Institute of Public Character (“IPC”), which allows our donors to enjoy tax deductions. The Association is a member of the National Council of Social Service (NCSS) and the Peoples’ Association. The Association is governed by the Constitution of the Association. It submitted the online Governance Evaluation Checklist for Charities and Institutions of Public Character, with full compliance of the guidelines.

Board of Directors The Association is governed by a volunteer Board of Directors (“BOD”) whose members are elected according to YMCA’s constitution. Being the highest policy and decision making body of YMCA, the BOD has the ultimate responsibility of ensuring that YMCA is governed and managed responsibly and prudently to ensure the effectiveness, credibility and sustainability of the organisation. The BOD comprises the President, Vice President, Treasurer and other elected Board Members. The BOD charts the overall direction of YMCA and is responsible for the promotion of the Policy and Programme of the Association. It oversees the direction of the Association and ensures that YMCA’s principles are adhered to. All directors serve a four-year term and 4 members of the BOD shall retire annually by rotation but shall be eligible for re-election subject to a maximum of 2 terms of 4 consecutive years each. Such person shall only be eligible for re-election as a Director after a lapse of at least 1 year.

Auditor The accounts of the Association are audited annually by a public accountant appointed by the Board of Directors. Any appointment of or change of auditor must have the prior approval of the Commissioner of Charities.

Financial Management The financial statements of the Association are drawn up in accordance with the Statement of Recommended Accounting Practice (“RAP 6”) and Singapore Financial Reporting Standards (“FRSs”).

Fund Raising and Donations YMCA has established internal guidelines on fundraising that are adhered to for all fundraising events. These guidelines are based on the best practices set out by the National Council of Social Service and the Charity Council. The policy for fundraising calls for it to be conducted for community programmes and not for general purposes. Each donation received, if not already designated to a community programme by the donor will be so designated by the ExCo. None of the funds raised will be used for general purposes of YMCA. The committee for each fundraising event consists of volunteers and it is also supported by staff. The donors are informed of our objectives and targets. The funds raised are for supporting YMCA Community Service Programmes, YMCA Project Bridge, YMCA FACES (Financial Assistance and Capability for Employment scheme) and YMCA-Lim Kim San Volunteers Programme. The operating surpluses of its social enterprises in Hostel and Education and the support of regular donors and fund raising has allowed YMCA to adopt a two-prong approach to achieve financial stability

Programme Deficit Against Donation

Programme Deficit Donation

Election of Officer Bearers

Internal Resources*

The Standing Committees (“Com”) are responsible for overseeing the Department/Divisions under their purview and provide policy directions and guidance to ExCo and Management. The President and the General Secretary shall be ex-officio members of all committees.

455 54

194

800 600

739

Incoming Resources

868

814

1,141 1,063

Resources Expended

739

Incoming Resources

775

Resources Expended

400

Incoming Resources

1,230 306 625

200

2006

2007

2008

2009

Incoming Resources

Resources Expended

0

319 Resources Expended

At the first meeting of the Board of Directors immediately following the Annual General Meeting, the President shall appoint such Standing Committees as may be deemed necessary.

1,000

Incoming Resources

Standing Committees

78

Resources Expended

The Executive Committee (“ExCo”) comprises the President, Vice President, Treasurer and at least one other Director. It has the executive powers to administer the affairs of the Association in accordance with its Constitution, Rules and Regulations and the Board’s policy and provides guidance and oversight to the Management on the operations of the Association. These include the setting of policies on operational matters and approval of expenditures within the financial limits provided for in the Chart of Authority Manual (“COA Manual”) in the normal course of business. ExCo shall keep the BOD fully appraised on the affairs of the Association and where appropriate, refer certain matters to the BOD for approval.

1,200

$’000

Executive Committee

Surplus to Funds

1,400

At the first meeting of the Board of Directors held after the election of a President, a Vice President and Treasurer of the Association shall be elected from among their own number for a period of one year or until their successors are elected. No person shall be elected as the Treasurer or otherwise hold the office of Treasurer for more than 4 consecutive terms and such person shall only be eligible for re-election as Treasurer after a lapse of at least 1 year.

2010

FINANCIAL YEAR *Internal Resources consists of our Unrestricted Funds and / or Surplus from our Social Enterprises

Treasurer The YMCA Treasurer is duly elected under the Constitution of YMCA and shall be responsible for the proper functioning of the Management administrating financial matters. Any cheque to be issued must contain two signatories, one of which shall be that of the Honorary Treasurer of the appointee of the BOD.

General Secretary The General Secretary (GS) serves as Executive Officer of the Board and of the Association. He supervises the work of all employees; and shall, sign on behalf of the Treasurer, for the disbursement of funds. He is in attendance at all meetings of the Board.

Our social enterprises, and donations and fund raising have showed a steady growth for the past five years (except for a dip in Donation and Fund Raising in 2009), allowing YMCA to expand and provide the continual birth of new programmes to meet the evolving needs of the community, as well as sustaining current programmes to provide a lasting impact on our beneficiaries and volunteers. Net surpluses of Social Enterprises rose from $1.01 m in 2006 to $2.27 m in 2010. Net surpluses of Donation and Fund Raising rose from $0.32 m in 2006 to $1.06 m in 2010.

Conflicts of Interests Policy Every person who has been or will be in any way, whether directly or indirectly, faced with a conflict situation (actual, potential or perceived) are required to make a full and frank disclosure to the parties responsible for making the decision and are excluded from the decision making process relating to that matter. Immediate family members are treated as an interest of that person, and include the spouse, siblings, parents and children.

32

YMCA Annual Report 2010

YMCA Annual Report 2010

33


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

Financial Statements

Conflicts of Interests Policy (continued) All interested party transactions pertaining to staff of the YMCA must have obtained the prior approval of the GS. In any transaction that the GS is an interested party, prior approval must be obtained from the Audit Committee. Interested person transaction pertaining to the directors of the YMCA must obtain the prior approval of the President and any transaction that the President is an interested party must obtain the prior approval of the Audit Committee. All Directors make annual declaration at the beginning of the term.

Reserves Policy YMCA targets for an optimum of three years of operating reserves from surpluses generated through our social enterprises. These reserves will be the source of funding to ensure that our beneficiaries and the needy in the community will still be helped even when donations dry up or the economy is at a downturn, creating sustainability and continuity to the programmes that we had been running. As at the end of 2010, our ratio of reserves to annual operating expenditure stands at 2.077 years.

STATEMENT BY BOARD OF DIRECTORS In the opinion of the Board of Directors, the financial statements of Young Men’s Christian Association of Singapore (the “Association”) and its subsidiary (collectively, the “Group”) set out on pages 36 to 57 are properly drawn up so as to give a true and fair view of the state of affairs of the Group and of the Association as at 31 December 2010 and of its financial activities, changes in general and specific funds of the Group and of the Association and cash flows of the Group for the financial year ended on that date. On behalf of the Directors,

The restricted funds set up by the YMCA and their purposes are as follows: I.

Building Asset Capitalisation Reserve was set up to match amounts on capital projects undertaken with past funds designated for that purpose. This fund will be amortised in line with the depreciation policy of the underlying capital projects.

II.

Disaster Relief Fund was set up for the purpose of supporting the major volunteer relief and rehabilitation works undertaken by the Association in Sri Lanka and rebuilding community project in Dujiangyan.

III.

Proyouth Village Fund was set up for the purpose of road repair in Proyouth Village in Siem Reap, Cambodia.

YMCA has also other designated and unrestricted funds set aside for various community programmes listed in Notes to the Financial Statements 9. YMCA has also designated a percentage of our annual surpluses from our social enterprises for large scale asset renewal as our capital replacement fund. This allows us to focus our fundraising efforts to sustain our programmes.

Investment Committee The Investment Committee is governed by the Investment Charter and the Investment Policy which are constantly reviewed to allow for flexibility according to the market environment. It is appointed by the BOD to exercise prudence and good stewardship in relation to the investment of YMCA funds to look into generating higher returns in the long run with a reasonable amount of risk.

Audit Committee The Audit Committee is appointed by the BOD to assist the BOD in fulfilling its oversight responsibilities for the financial reporting process, the system of internal control, the audit process, and YMCA’s process for monitoring compliance with laws and regulations and the code of conduct. The Audit Committee is guided by the Audit Committee Charter in terms of its roles and responsibilities. In addition, two full-time internal audit staff are employed by the Association.

Nominations Committee The YMCA Nominations Committee’s activities are guided by the YMCA Constitution and its purpose is to make recommendations to the Board regarding the composition of the YMCA BOD.

STEPHEN LOH SUR YONG President Singapore, 15 March 2011

CHEW KWEE SAN Treasurer

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE We have audited the accompanying financial statements of Young Men’s Christian Association of Singapore (the “Association”) and its subsidiary (the “Group”), which comprise the balance sheets of the Group and of the Association as at 31 December 2010, and the statements of financial activities, statements of changes in general and specific funds of the Group and of the Association and consolidated cash flow statement of the Group for the financial year then ended, and a summary of significant accounting policies and other explanatory notes as set out on pages 36 to 57. Management’s Responsibilities for the Financial Statements The management is responsible for the preparation and fair presentation of these financial statements in accordance with the provisions of the Charities Act, Cap. 37, the Societies Act, Cap. 311, Statement of Recommended Accounting Practice (“RAP 6”) and Singapore Financial Reporting Standards. This responsibility includes: devising and maintaining a system of internal accounting controls sufficient to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they are recorded as necessary to permit the preparation of true and fair statement of financial activities and balance sheet and to maintain accountability of assets; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Singapore Standards on Auditing. 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 the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’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 entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the management, as well as evaluating the overall presentation of the financial statements.

Whistle Blowing Policy

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

The YMCA Whistle Blowing policy aims to provide an avenue for employees and external parties to raise concerns and offer reassurance that they will be protected from victimization for whistle blowing in good faith. This policy covers issues where the following may be suspected:

Opinion In our opinion, a) the financial statements of the Group and of the Association are properly drawn up in accordance with the provisions of the Charities Act, Cap. 37, the Societies Act, Cap. 311, Statement of Recommended Accounting Practice (“RAP 6”) and Singapore Financial Reporting Standards so as to give a true and fair view of the state of affairs of the Group and of the Association as at 31 December 2010 and of its financial activities, changes in general and specific funds of the Group and of the Association and cash flows of the Group for the financial year ended on that date; b) the accounting and other records required by the above regulations to be kept by the Association have been properly kept in accordance with these regulations; c) the total fund-raising expenses of the Association did not exceed 30% of the total gross receipts from fund-raising; d) the use of donation money received is in accordance with the Association’s objectives; and e) the fund-raising appeals held during the financial year have been carried out in accordance with regulation 6 of the Charities (Fund-raising appeals) Regulations 2007 issued under the Charities Act, Cap. 37 and proper accounts and other records have been kept of the fund-raising appeals.

1. 2. 3. 4.

Corruption; Acts of fraud; Theft and/misuse of the Association’s properties, assets or resources; or Breach of laws.

DAVID YEUNG & CO PAC

Public Accountants and Certified Public Accountants Singapore, 15 March 2011

34

YMCA Annual Report 2010

YMCA Annual Report 2010

35


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

BALANCE SHEETS As at 31 December 2010

STATEMENTS OF FINANCIAL ACTIVITIES For the financial year ended 31 December 2010

Note

2010

GROUP 2009

2010

ASSOCIATION 2009

S$

S$

S$

S$

GROUP Unrestricted Funds

Restricted Funds

2010 Total

2009 Total

S$

S$

S$

S$

459,450

459,450

471,392

3,108,526 1,771,875 751,573 5,739,904 535,287 562,913 735,101 382,270

– – – – – – – –

3,108,526 1,771,875 751,573 5,739,904 535,287 562,913 735,101 382,270

2,666,154 2,581,046 – 4,534,333 490,433 454,636 436,503 579,337

454,823 14,501,722

– –

454,823 14,501,722

254,152 12,467,986

148,953 14,650,675

– –

148,953 14,650,675

163,344 12,631,330

224,860 1,184,494 920 1,410,274

– – – –

224,860 1,184,494 920 1,410,274

351,281 903,968 5,842 1,261,091

16,060,949

16,060,949

13,892,421

2,564,207 1,264,102 780,326 4,430,631 519,098 549,203 386,703 131,172 581,305 11,206,747

– – – – – – – – – –

2,564,207 1,264,102 780,326 4,430,631 519,098 549,203 386,703 131,172 581,305 11,206,747

2,391,138 1,837,694 – 3,999,084 469,162 532,224 348,973 93,741 257,175 9,929,191

1,313,832 1,146,078 91,591 2,551,501 95,778

– – – – –

1,313,832 1,146,078 91,591 2,551,501 95,778

1,108,703 910,536 109,437 2,128,676 74,335

13,854,026

13,854,026

12,132,202

2,206,923

2,206,923

1,760,219

325

325

(303)

Net movement in funds Fund balances at beginning of the year Net movement in specific funds

(19,668) (19,343) 2,187,580 13,064,734 (559,739)

– – – 5,010,215 417,311

(19,668) (19,343) 2,187,580 18,074,949 (142,428)

– (303) 1,759,916 16,261,232 53,801

Fund balances at end of the year

14,692,575

5,427,526

20,120,101

18,074,949

ASSETS

Note

Non-current assets Property, plant and equipment

3

10,151,494

10,414,357

10,151,494

10,414,357

Available-for-sale financial assets

4

3,297,243

2,648,415

3,297,243

2,648,415

13,448,737

13,062,772

13,448,737

13,062,772

4,999

4,861

4,999

4,861

582,707

723,421

557,407

723,421

Prepayments

64,460

41,065

61,315

41,065

Deposits

39,242

37,876

39,242

37,876

Total non-current assets Current assets Inventories, cost Receivables

5

Fixed deposits

6

2,334,378

4,627,450

2,334,378

4,627,450

Cash and bank balances

7

6,723,378

2,130,469

6,382,105

2,130,469

9,749,164

7,565,142

9,379,446

7,565,142

23,197,901

20,627,914

22,828,183

20,627,914

Total current assets TOTAL ASSETS

Incoming resources Incoming resources from generated funds Voluntary income Donations Activities for generating funds Child care and student care Education YMCA Education Centre Limited International house Lifestyle programmes - fitness & dance Lifestyle programmes - outdoors & adventure Fund raising events Other income Amortisation of Building Asset Capitalisation Reserve Investment income Interest and dividend income Incoming resources from charitable activities Community services * International programmes Lifestyle programmes – performing arts

FUNDS AND LIABILITIES

TOTAL INCOMING RESOURCES

Funds

Less: Resources expended Costs of generating funds Child care and student care Education YMCA Education Centre Limited International house Lifestyle programmes – fitness & dance Lifestyle programmes – outdoors & adventure Membership and corporate communication Fund raising events Other operating expenses

Unrestricted funds Accumulated Fund Capital Replacement Fund Fair Value Reserve Other Funds

8

12,777,492

12,091,695

12,806,245

12,091,695

629,417

172,315

629,417

172,315

(29,574)

(180,115)

(29,574)

(180,115)

1,315,240

980,839

1,315,240

980,839

5,140,260

4,884,803

5,140,260

4,884,803

Restricted funds Building Asset Capitalisation Reserve Other Funds

8

282,719

126,190

282,719

126,190

Club Accounts

9

4,547

(778)

4,547

(778)

20,120,101

18,074,949

20,148,854

18,074,949

Total funds

Payables and accruals

10

3,077,800

2,552,965

2,110,525

2,552,965

Amount due to subsidiary

11

568,804

3,077,800

2,552,965

2,679,329

2,552,965

23,197,901

20,627,914

22,828,183

20,627,914

Total liabilities TOTAL FUNDS AND LIABILITIES

Resources expended on charitable activities Community services * International programmes Lifestyle programmes – performing arts Governance costs TOTAL RESOURCES EXPENDED Net incoming resources before other recognised gains/(losses)

Current liabilities

12

Add/(less): Other recognised gains/(losses) Gain/(Loss) on disposal of property, plant and equipment Loss on disposal of available-for-sale financial assets

13

* Community services are made up of YMCA-Tan Chin Tuan Community Service Programmes, YMCA Project Bridge, YMCA FACES (Financial Assistance and Capability for Employment Scheme) and the YMCA – Lim Kim San Volunteer Programmes.

The notes set out on pages 42 to 57 form an integral part of and should be read in conjunction with this set of financial statements.

36

YMCA Annual Report 2010

The notes set out on pages 42 to 57 form an integral part of and should be read in conjunction with this set of financial statements.

YMCA Annual Report 2010

37


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

STATEMENTS OF FINANCIAL ACTIVITIES For the financial year ended 31 December 2010

STATEMENTS OF CHANGES IN GENERAL AND SPECIFIC FUNDS For the financial year ended 31 December 2010 GROUP

ASSOCIATION

Note Incoming resources Incoming resources from generated funds Voluntary income Donations Activities for generating funds Child care and student care Education International house Lifestyle programmes – fitness & dance Lifestyle programmes – outdoors & adventure Fund raising events Other income Amortisation of Building Asset Capitalisation Reserve

Unrestricted Funds

Restricted Funds

2010 Total

2009 Total

S$

S$

S$

S$

Capital

Balance at 01.01.2009

12

Investment income Interest and dividend income Incoming resources from charitable activities Community services * International programmes Lifestyle programmes – performing arts TOTAL INCOMING RESOURCES Less: Resources expended Costs of generating funds Child care and student care Education International house Lifestyle programmes – fitness & dance Lifestyle programmes – outdoors & adventure Membership and corporate communication Fund raising events Other operating expenses

459,450

459,450

471,392

3,108,526 1,771,875 5,739,904 535,287 562,913 735,101 382,270

– – – – – – –

3,108,526 1,771,875 5,739,904 535,287 562,913 735,101 382,270

2,666,154 2,581,046 4,534,333 490,433 454,636 436,503 579,337

454,823 13,750,149

– –

454,823 13,750,149

148,953 13,899,102

– –

224,860 1,184,494 920 1,410,274 15,309,376

– – – – –

Fair Value

Capitalisation

Other

Club

Fund

Fund

Reserve

Reserve

Funds

Accounts

Total

S$ 11,482,543

S$ 1,173,772

S$ (678,264)

S$ 3,204,710

S$ 1,077,867

S$ 604

S$ 16,261,232

– –

– –

217,976 (188,814)

– (1,382)

1,759,916 (190,196)

Net fair value gains on availablefor-sale financial assets recognised directly in equity

495,250

495,250

254,152 12,467,986

Reversal of net fair value loss on available-for-sale financial assets realised

2,899

2,899

148,953 13,899,102

163,344 12,631,330

Transfers during the year

(932,788)

(1,001,457)

1,934,245

224,860 1,184,494 920 1,410,274 15,309,376

351,281 903,968 5,842 1,261,091 13,892,421

(254,152)

(254,152)

Balance at 31.12.2009

12,091,695

172,315

(180,115)

4,884,803

1,107,029

(778)

18,074,949

Balance at 01.01.2010

12,091,695

172,315

(180,115)

4,884,803

1,107,029

(778)

18,074,949

Net surplus for the year – Unrestricted funds – Restricted funds

1,853,179 –

– –

– –

– –

334,401 156,529

– 5,325

2,187,580 161,854

Net fair value gains on availablefor-sale financial assets recognised directly in equity

120,639

120,639

Reversal of net fair value loss on available-for-sale financial assets realised

29,902

29,902

(1,167,382)

457,102

710,280

(454,823)

(454,823)

12,777,492

629,417

5,140,260

1,597,959

4,547

20,120,101

Note 8

Note 9

2,564,207 1,264,102 4,430,631 519,098 549,203 386,703 131,172 581,305 10,426,421

2,391,138 1,837,694 3,999,084 469,162 532,224 348,973 93,741 257,175 9,929,191

1,313,832 1,146,078 91,591 2,551,501

– – – –

1,313,832 1,146,078 91,591 2,551,501

1,108,703 910,536 109,437 2,128,676

95,778 13,073,700 2,235,676

– – –

95,778 13,073,700 2,235,676

74,335 12,132,202 1,760,219

325

325

(303)

(19,668) (19,343)

– –

(19,668) (19,343)

– (303)

Net movement in funds Fund balances at beginning of the year Net movement in specific funds

2,216,333 13,064,734 (559,739)

– 5,010,215 417,311

2,216,333 18,074,949 (142,428)

1,759,916 16,261,232 53,801

Fund balances at end of the year

14,721,328

5,427,526

20,148,854

18,074,949

Governance costs TOTAL RESOURCES EXPENDED 13 Net incoming resources before other recognised gains/(losses)

Replacement

– –

– – – – – – – – –

Resources expended on charitable activities Community services * International programmes Lifestyle programmes – performing arts

Net surplus/(deficit) for the year – Unrestricted funds – Restricted funds

Asset

Accumulated

1,541,940 –

2,564,207 1,264,102 4,430,631 519,098 549,203 386,703 131,172 581,305 10,426,421

Add/(less): Other recognised gains/(losses) Gain/(Loss) on disposal of property, plant and equipment Loss on disposal of available-for-sale financial assets

Building

Amortisation of Building Asset Capitalisation Reserve

Transfers during the year Amortisation of Building Asset Capitalisation Reserve Balance at 31.12.2010

(29,574)

* Community services are made up of YMCA-Tan Chin Tuan Community Service Programmes, YMCA Project Bridge, YMCA FACES (Financial Assistance and Capability for Employment Scheme) and the YMCA – Lim Kim San Volunteer Programmes.

The notes set out on pages 42 to 57 form an integral part of and should be read in conjunction with this set of financial statements.

38

YMCA Annual Report 2010

The notes set out on pages 42 to 57 form an integral part of and should be read in conjunction with this set of financial statements.

YMCA Annual Report 2010

39


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

STATEMENTS OF CHANGES IN GENERAL AND SPECIFIC FUNDS For the financial year ended 31 December 2010

CONSOLIDATED CASH FLOW STATEMENT For the financial year ended 31 December 2010 2010 S$

2009 S$

Cash flows from operating activities Net surplus for the year

2,187,580

1,759,916

Adjustments for: – Depreciation of property, plant and equipment Amortisation of goodwill Amortisation of Building Asset Capitalisation Reserve Bad debts written off (Gain)/Loss on disposal of property, plant and equipment Loss on disposal of available-for-sale financial assets Interest and dividend income Dividend in specie

1,391,967 – (454,823) 2,735 (325) 19,668 (148,953) (8,677)

1,395,849 150,000 (254,152) – 303 – (163,344) –

Operating surplus before working capital changes

2,989,172

2,888,572

(138) 105,218 524,835

2,995 (138,217) 738,934

3,619,087

3,492,284

156,529

(185,640)

ASSOCIATION Building Capital

Asset

Accumulated

Replacement

Fair Value

Capitalisation

Other

Club

Fund

Fund

Reserve

Reserve

Funds

Accounts

Total

S$ 11,482,543

S$ 1,173,772

S$ 3,204,710

S$ 1,077,867

S$ 604

S$ 16,261,232

1,541,940 –

– –

– –

– –

217,976 (188,814)

– (1,382)

1,759,916 (190,196)

Net fair value gains on availablefor-sale financial assets recognised directly in equity

495,250

495,250

Reversal of net fair value loss on available-for-sale financial assets realised

2,899

2,899

1,934,245

(254,152)

4,884,803

1,107,029

Balance at 01.01.2009 Net surplus/(deficit) for the year – Unrestricted funds – Restricted funds

Transfers during the year Amortisation of Building Asset Capitalisation Reserve Balance at 31.12.2009

Balance at 01.01.2010 Net surplus for the year – Unrestricted funds – Restricted funds Net fair value gains on availablefor-sale financial assets recognised directly in equity Reversal of net fair value loss on available-for-sale financial assets realised Transfers during the year Amortisation of Building Asset Capitalisation Reserve Balance at 31.12.2010

(932,788)

(1,001,457)

12,091,695

172,315

12,091,695

172,315

S$ (678,264)

(180,115)

(180,115)

4,884,803

1,107,029

1,881,932 –

– –

– –

– –

334,401 156,529

120,639

– (1,167,382)

(778)

(778)

– 5,325

(254,152) 18,074,949

18,074,949

2,216,333 161,854

120,639

29,902

29,902

457,102

710,280

12,806,245

629,417

– (29,574)

(454,823)

(454,823)

5,140,260

1,597,959

4,547

20,148,854

Note 8

Note 9

(Increase)/Decrease in inventories Decrease/(Increase) in receivables Increase in payables Cash generated from operations Net cash generated from activities: – Other specific funds Club activities

5,325

(1,382)

Net cash generated from operating activities

3,780,941

3,305,262

Cash flows from investing activities Purchase of tertiary education business Proceeds from disposal of available-for-sale financial assets Purchase of available-for-sale financial assets Proceeds from disposal of property, plant and equipment Purchase of property, plant and equipment Grants received Interest and dividend received

– 319,423 (828,701) 748 (1,178,026) 48,499 156,953

(150,000) 250,000 (267,530) 257 (2,471,878) 13,275 165,761

Net cash used in investing activities

(1,481,104)

(2,460,115)

Net increase in cash and cash equivalents

2,299,837

845,147

Cash and cash equivalents at beginning of year

6,677,069

5,831,922

Cash and cash equivalents at end of year

8,976,906

6,677,069

Cash and cash equivalents comprise:– Cash and bank balances Fixed deposits

6,723,378 2,334,378

2,130,469 4,627,450

9,057,756 (80,850)

6,757,919 (80,850)

8,976,906

6,677,069

Less: Fixed deposit subject to restriction *

* Fixed deposit is pledged to secure guarantee given

The notes set out on pages 42 to 57 form an integral part of and should be read in conjunction with this set of financial statements.

40

YMCA Annual Report 2010

The notes set out on pages 42 to 57 form an integral part of and should be read in conjunction with this set of financial statements.

YMCA Annual Report 2010

41


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010 These notes form an integral part of and should be read in conjunction with the accompanying financial statements.

1.

GENERAL

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

2.

SIGNIFICANT ACCOUNTING POLICIES (continued) b)

Impairment of available-for-sale investments

Young Men’s Christian Association of Singapore (the “Association”) is registered in Singapore under the Societies Act and the Charities Act. The principal activities of the Association consist of community services, education and child care services, sports and recreation and running of a international house. The Association is a member of National Council of Social Service.

The Group reviews its debt securities classified as available-for-sale investments at each balance sheet date to assess whether they are impaired. The Group also records impairment charges on available-for-sale equity investments when there has been a significant or prolonged decline in the fair value below their cost. The determination of what is “significant” or “prolonged” requires judgement. In making this judgement, the Group evaluates, among other factors, historical share price movements and the duration and extent to which the fair value of an investment is less than its cost.

The address of registered office and principal place of operation of the Association is at 1 Orchard Road, Singapore 238824. The subsidiary, YMCA Education Centre Limited, was incorporated in the Republic of Singapore on 21 September 2010 under the Companies Act, Chapter 50 as a company limited by guarantee.

Allowance for bad and doubtful debts The Group makes allowances for bad and doubtful debts based on assessment of the recoverability of trade and other receivables. Allowances are applied to trade and other receivables where events or changes in circumstances indicate that the balances may not be collectible. The identification of bad and doubtful debts required the use of judgement and estimates. Where the expected outcome is different from original estimate, such difference will impact carrying value of trade and other receivables and doubtful debt expenses in the period in which such estimate had been changed.

The principal activities of the subsidiary are the provision of non-higher and higher education programmes. The subsidiary has been registered under the Enhanced Registration Framework with Council for Private Education for a period of 4 years and is valid from 11 October 2010 to 10 October 2014. The subsidiary was also given the EduTrust Provisional award which is valid from 10 November 2010 to 9 November 2011. The financial statements of the Group and of the Association are expressed in Singapore dollars. c)

2.

SIGNIFICANT ACCOUNTING POLICIES a)

d)

The critical accounting estimates and assumptions used and areas involving a high degree of judgement are described below. Critical assumption used and accounting estimate in applying accounting policies Depreciation of property, plant and equipment Property, plant and equipment are depreciated on straight-line basis over their estimated useful lives. Management estimated the useful lives of these property, plant and equipment to be within 3 to 50 years. The carrying amount of the Group and Association’s property, plant and equipment as at 31 December 2010 was S$10,151,494. Changes in the expected level of usage could impact the economic useful lives and the residual values, if any, of these assets, therefore future depreciation charges could be revised.

Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases. e)

Property, Plant and Equipment and Depreciation Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. The residual value, useful life and depreciation method are reviewed at each financial year-end to ensure that amount, method and period of depreciation are consistent with previous estimates and the expected pattern of consumption of the future economic benefits embodied in the items of property, plant and equipment. An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset is included in the statement of financial activities in the year the asset is derecognised. Depreciation is calculated on the straight-line method so as to write off the costs of the property, plant and equipment over their estimated useful lives as follows:-

Critical judgement made in applying accounting policies

Leasehold land & building

2%

In the process of applying the entity’s accounting policies, management had made the following judgements that have the most significant effect on the amount recognised in the financial statements.

Plant and machinery

12.5%

Renovations

12.5% to 20%

Computer equipment

20% to 33.3%

Office equipment

20%

Furniture and fittings

20%

Computer software

33.3%

Impairment of property, plant and equipment The Group assesses annually whether property, plant and equipment have any indication of impairment in accordance with the accounting policy. The recoverable amounts of property, plant and equipment have been determined based on value-in-use calculations. These calculations require the use of judgement and estimates.

42

All intra-group balances, transactions, income and expenses and unrealised gains and losses resulting from intra-group transactions are eliminated in full.

Significant Accounting Estimates and Judgements Estimates, assumptions concerning the future and judgements are made in the preparation of the financial statements. They affect the application of the Group’s accounting policies, reported amounts of assets, liabilities, income and expense and disclosures made. They are assessed on an on-going basis and are based on experience and relevant factors, including expectations of future events that are believed to be reasonable under the circumstances.

Basis of Consolidation The consolidated financial statements comprise the financial statements of the Association and its subsidiary as at the balance sheet date. The financial statements of the subsidiary are prepared for the same reporting date as the parent Association. Consistent accounting policies are applied for like transactions and events in similar circumstances.

In the current financial year, the Group has adopted all the new and revised FRSs and Interpretations of FRSs (“INT FRSs”) that are relevant to its operations and effective for annual period beginning on or after 1 January 2010. The adoption of these new/revised FRSs and INT FRSs have no material effect on the financial statements. b)

Subsidiary A subsidiary is an entity over which the Group has the power to govern the financial and operation policies so as to obtain benefits from its activities, or control through the predetermination of the activities of the entity.

Basis of Preparation The financial statements of the Group and of the Association have been prepared in accordance with the historical cost convention, except as disclosed in the accounting policies below, and are drawn up in accordance with the Statement of Recommended Accounting Practice (“RAP 6”) and Singapore Financial Reporting Standards (“FRSs”).

Significant Accounting Estimates and Judgements (continued)

YMCA Annual Report 2010

Fully depreciated property, plant and equipment are retained in the financial statements until they are no longer in use.

YMCA Annual Report 2010

43


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

2.

SIGNIFICANT ACCOUNTING POLICIES (continued) f)

Government Grants

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

2.

SIGNIFICANT ACCOUNTING POLICIES (continued) g)

A government grant is recognised when there is reasonable assurance that the conditions attaching to it will be complied with and the grant will be received.

Loans and receivables Significant financial difficulties of the debtor, probability that the debtor will enter bankruptcy, and default or significant delay in payments are objective evidence that these financial assets are impaired.

Assets-related grants are deducted from the cost of acquisition of the asset to arrive at the carrying amount which is then depreciated in accordance with the accounting policy on property, plant and equipment and depreciation. g)

The carrying amount of these assets is reduced through the use of an impairment allowance account which is calculated as the difference between the carrying amount and the present value of estimated future cash flows, discounted at the original effective interest rate. When the asset becomes uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are recognised against the same line item in the statement of financial activities.

Financial Assets Classification The Group classifies its financial assets as available-for-sale financial assets and loans and receivables. The classification depends on the purpose for which the assets were acquired. Management determines the classification of its financial assets at initial recognition and re-evaluates this designation at every reporting date. Available-for-sale financial assets

The allowance for impairment loss account is reduced through the statement of financial activities in a subsequent period when the amount of impairment loss decreases and the related decrease can be objectively measured. The carrying amount of the asset previously impaired is increased to the extent that the new carrying amount does not exceed the amortised cost had no impairment been recognised in prior periods. h)

Available-for-sale financial assets are non-derivative financial assets that are either designated in this category or not classified in any of the other categories as prescribed in FRS 39. They are included in non-current assets unless management intends to dispose of the assets within 12 months after the balance sheet date. Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. These arise when the Group provides money, goods or services directly to a debtor with no intention of trading the receivable. Loans and receivables consist of cash and cash equivalents and trade and other receivables.

i)

j)

Loans and receivables are subsequently carried at amortised cost using the effective interest method less impairment. Determination of fair value The fair values of quoted financial assets are based on current bid prices. Impairment Available-for-sale financial assets The Group assesses at each balance sheet date whether there is objective evidence that a financial asset or a group of financial assets is impaired. In the case of equity investments classified as available for sale, a significant or prolonged decline in the fair value of the investment below its cost is considered in determining whether the investments are impaired. If an available-for-sale financial asset is impaired, an amount comprising the difference between its cost (net of any principal payment and amortisation) and its current fair value, less any impairment loss previously recognised in the statement of financial activities, is transferred from equity to the statement of financial activities. Reversals of impairment losses in respect of equity instruments are not recognised in the statement of financial activities. Reversals of impairment losses on debt instruments are recognised in the statement of financial activities if the increase in fair value of the debt instrument can be objectively related to an event occurring after the impairment loss was recognised in the statement of financial activities.

44

YMCA Annual Report 2010

Building Asset Capitalisation Reserve Designated donations for the renovation/construction of the YMCA building are credited to the Building Asset Capitalisation Reserve. These amounts are recognised in the statement of financial activities over the period necessary to match the depreciation on the portion of the certification of the renovation/construction funded by such donations.

k)

Funds Unless specifically indicated, fund balances are not represented by any specific accounts, but are represented by all assets of the Group.

Measurement Available-for-sale financial assets are subsequently carried at fair value less impairment. Unrealised gains and losses arising from changes in the fair value of available-for-sale financial assets are recognised in the fair value reserve within equity. When available-for-sale financial assets are sold or impaired, the accumulated fair value adjustments in the fair value reserve within equity are included in the statement of financial activities.

Cash and Cash Equivalents Cash and cash equivalents consist of cash in hand and at bank and fixed deposits net of fixed deposit subject to restriction which form part of the Group’s cash management that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value.

Regular way purchases and sales of financial assets are recognised on trade-date – the date on which the Group commits to purchase or sell the asset.

Financial assets are initially recognised at fair value plus directly attributable transaction costs.

Inventories Inventories comprising goods like souvenirs for resale, are stated at the lower of cost and net realisable value. Cost is determined on the specific identification basis.

Recognition and Derecognition

Financial assets are derecognised when the rights to receive cash flows from the assets have expired or have been transferred and the Group has transferred substantially all risks and rewards of ownership.

Financial Assets (continued)

l)

Club Accounts Club accounts are maintained for clubs involved in various activities. Income and expenditure of the clubs are taken directly to the club accounts.

m)

Financial Liabilities Financial liabilities include trade and other payables. Financial liabilities are recognised on the balance sheet when, and only when, the Group becomes a party to the contractual provisions of the financial instrument. Financial liabilities are initially recognised at fair value, plus, in the case of financial liabilities other than derivatives, directly attributable transactions costs. Subsequent to initial recognition, all financial liabilities are measured at amortised cost using the effective interest method, except for derivatives, which are measured at fair value. For financial liabilities other than derivatives, gains and losses are recognised in the statement of financial activities when the liabilities are derecognised, and through the amortisation process. Any gains or losses arising from changes in fair value of derivatives are recognised in the statement of financial activities. Net gains or losses in derivatives include exchange differences. A financial liability is derecognised when the obligation under the liability is extinguished. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability, and the difference in the respective carrying amounts is recognised in the statement of financial activities.

YMCA Annual Report 2010

45


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

2.

SIGNIFICANT ACCOUNTING POLICIES (continued) n)

Income Recognition

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

2.

SIGNIFICANT ACCOUNTING POLICIES (continued) r)

Income is recognised to the extent that it is probable that the economic benefits will flow to the Group and the income can be reliably measured. Income is measured at the fair value of consideration received or receivable.

A contingent liability is a possible obligation that arises from past events and whose existence will only be confirmed by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group. It can also be a present obligation arising from past events that is not recognised because it is not probable that outflow of economic resources will be required or the amount of obligation cannot be measured reliably. A contingent liability is not recognised but is disclosed in the notes to the financial statements. When a change in the probability of an outflow occurs so that outflow is probable, they will then be recognised as a provision.

Income is recognised on the following basis: -

o)

i)

Donations –when money is received or pledged and collection is certain

ii)

Education and Child and Student Care - over the period of instruction and care given to the student and child

iii)

Other services - when services are rendered

iv)

Interest - on an effective interest basis over the period of placement of bank deposits

v)

Dividend – when the Group’s right to receive payment is established

vi)

Rental – on a straight-line basis over the lease terms

Employee Benefits Defined Contribution Plans The Group makes contribution to the Central Provident Fund scheme in Singapore, a defined contribution pension scheme. Contributions are recognised as an expense in the period in which the related service is performed. Employee Leave Entitlement Employee entitlement to annual leave is recognised when it accrues to employees. An accrual is made for the estimated liability for leave as a result of services rendered by employees up to the balance sheet date.

p)

Contingent Liabilities and Assets

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group. Contingent assets are not recognised but are disclosed in the notes to the financial statements when an inflow of economic benefits is probable. When inflow is virtually certain, an asset is recognised. s)

Provisions Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of economic resources will be required to settle the obligation, the provision is reversed. If the effect of the time value of money is material, provisions are discounted using a current pre tax rate that reflects, where appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

Leases Leases where the lessor effectively retains substantially all the risks and benefits of ownership of the leased item, are classified as operating leases. Operating lease payments are recognised as an expense in the statement of financial activities on a straight-line basis over the lease term.

q)

Impairment of Non-Financial Assets The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Group makes an estimate of the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s fair value less costs to sell and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or group of assets. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value and the risks specific to the asset. When the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. Impairment losses of continuing operations are recognised in the statement of financial activities ‘impairment losses’ or treated as a revaluation decrease for assets carried at revalued amount to the extent that the impairment loss does not exceed the amount held in the asset revaluation reserve for that same asset. An assessment is made at each reporting date as to whether there is any indication that previously recognised impairment losses recognised for an asset may no longer exist or may have decreased. If such indication exists, the recoverable amount is estimated. A previously recognised impairment loss is reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognised. If that is the case the carrying amount of asset is increased to its recoverable amount. That increased amount cannot exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years. Reversal of an impairment loss is recognised in the statement of financial activities unless the asset is carried at revalued amount, in which case the reversal in excess of impairment loss previously recognised through the statement of financial activities is treated as a revaluation increase. After such a reversal, the depreciation charge is adjusted in the future periods to allocate the asset’s revised carrying amount, less any residual value, on a systematic basis over its remaining useful life.

46

YMCA Annual Report 2010

YMCA Annual Report 2010

47


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

10,414,357

GROUP AND ASSOCIATION

10,793

Balance at beginning of the year

S$

1,224,225

1,205,150

Additions during the year

255,000

211,875

Disposals during the year

(252,875)

(250,275)

Net fair value gains recognised in equity

30,350

57,475

1,256,700

1,224,225

Balance at beginning of the year

907,680

639,300

Additions during the year

582,378

Disposals during the year

(4,884)

Balance at end of the year

144,635

188,187

Net fair value gains recognised in equity The land is leased for 999 years commencing from November 1902. No capital sum was paid for the lease.

58,326 3,931,941 66,299 6,044,368

5,802,784 At 31.12.2010

Net Book Value

At 31.12.2009

46,066 116,990

3,790,464

298,197 9,118,312 1,272,017 6,276,411 At 31.12.2010

– – (132) – Disposals

37,053 980,170 18,205 241,584 Depreciation for the year

261,144 8,138,142 1,253,944 6,034,827 At 31.12.2009 and 01.01.2010

– – – – Disposals

36,968 1,004,389 21,080 241,584 Depreciation for the year

224,176 At 01.01.2009

Accumulated Depreciation

5,793,243

1,232,864

7,133,753

344,263 12,908,776 1,389,007 12,079,195 At 31.12.2010

– – (552) – Disposals

(12,943) (18,056) – – Grants received

37,736 856,749 69,316 – Additions

319,470 12,070,083 1,320,243 12,079,195 At 31.12.2009 and 01.01.2010

– – – – Disposals

(9,215) – – – Grant received

28,298 2,285,807 7,022 –

1,313,221 12,079,195 At 01.01.2009

Cost

Additions

300,387 9,784,276

S$ S$ S$ S$

Equipment Building

Machinery

Renovations

Computer Plant and Land &

PROPERTY, PLANT AND EQUIPMENT 3.

Leasehold

YMCA Annual Report 2010

2009

S$ Bonds

81,659

268,380

1,566,833

907,680

516,510

291,460

Additions during the year

55,655

Disposals during the year

(52,500)

9,700

169,395

473,710

516,510

3,297,243

2,648,415

Balance at end of the year

48

2010 Quoted investments

157,995

10,151,494 200,488

6,515

18,386,597 202,929 1,044,185

AVAILABLE-FOR-SALE FINANCIAL ASSETS

Equities

174,546

(27,564) – (27,432) –

1,391,967 6,143 58,828 49,984

17,022,194 196,786 1,012,789 124,562

(15,755) – (4,780) (10,975)

1,395,849 5,489 49,483

191,297 968,086 98,681

36,856

15,642,100

28,538,091 209,444 1,244,673 362,733

(27,987) – (27,435) –

(48,499) (17,500) – –

1,178,026 19,365 101,324 93,536

27,436,551 207,579 1,170,784 269,197

(16,315) – (4,780) (11,535)

(13,275) (4,060) – –

2,471,878 8,359 54,515

1,121,049 192,855

87,877

24,994,263 203,280

S$ S$ S$ S$

Software & Fittings Equipment

Office

Furniture

Computer

Total

GROUP AND ASSOCIATION

4.

Units trusts Balance at beginning of the year

Net fair value gains recognised in equity Balance at end of the year Total available-for-sale financial assets at end of the year

The following table shows an analysis of financial instruments carried at fair value by level of fair value hierarchy: GROUP AND ASSOCIATION Quoted prices in active markets for identical instruments (Level 1) S$

Significant other observable inputs (Level 2) S$

Significant unobservable inputs (Level 3) S$

Total

Available-for-sale financial assets – Bonds – Equities – Unit trusts

1,256,700 1,566,833 473,710

– – –

– – –

1,256,700 1,566,833 473,710

At 31.12.2010

3,297,243

3,297,243

1,224,225

1,224,225

– Equities

907,680

907,680

– Unit trusts

516,510

516,510

2,648,415

2,648,415

S$

Available-for-sale financial assets – Bonds

At 31.12.2009 Fair value hierarchy

The Group classifies fair value measurement using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels: •

Level 1 – Quoted prices (unadjusted) in active markets for identical assets

YMCA Annual Report 2010

49


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

N NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

4.

8.

AVAILABLE-FOR-SALE FINANCIAL ASSETS (continued) Fair value hierarchy (continued) •

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset, either directly (i.e., as prices) or indirectly (i.e., derived from prices), and

Level 3 – Inputs for the asset that are not based on observable market data (unobservable inputs)

Determination of fair value Quoted bonds, equities and unit trusts: Fair value is determined directly by reference to their published market bid price at the balance sheet date.

5.

RECEIVABLES GROUP

OTHER FUNDS

2009

2010

2009

S$

S$

S$

S$

Trade receivables

293,271

508,758

268,946

508,758

Other receivables

289,436

214,663

288,461

214,663

582,707

723,421

557,407

723,421

Trade receivables include amount of S$263,811 and S$256,633 (2009: S$464,288 and S$464,288) for the Group and the Association respectively which are past due at the balance sheet date but not impaired. The table below is an aging analysis of trade receivables at the balance sheet date:GROUP

ASSOCIATION

2010

2009

2010

2009

S$

S$

S$

S$

Not past due

29,460

44,470

12,313

44,470

Past due 1–30 days

46,359

187,035

39,181

187,035

Past due 31–60 days

204,380

57,824

204,380

57,824

Past due 61–90 days

10,700

162,685

10,700

162,685

984

370

984

370

1,388

56,374

1,388

56,374

293,271

508,758

268,946

508,758

Past due more than 120 days

Unrestricted Funds Community Service Fund YMCA FACES Project Bridge Fund YMCA–Lim Kim San Volunteers Programme Fund

ASSOCIATION

2010

Past due 91–120 days

At beginning of year S$

Restricted Funds Disaster Relief Fund Proyouth Village Fund Rebuilding Community Programme @ Dujiangyan Fund

GROUP AND ASSOCIATION At end Expense of year S$ S$

Receipt S$

126,366 92,046 192,977

344,656 55,864 229,672

(455,916) (40,703) (216,323)

15,106 107,207 206,326

569,450

544,749

(127,598)

986,601

980,839

1,174,941

(840,540)

1,315,240

108,623 17,567

8,343 18,366

(28,677) (9,190)

88,289 26,743

1,047,042

(879,355)

167,687

126,190

1,073,751

(917,222)

282,719

1,107,029

2,248,692

(1,757,762)

1,597,959

Community Service Fund was set up for the purpose of funding community service programmes.

YMCA FACES (Financial Assistance and Capability for Employment Scheme) seeks to provide short-term supplementary financial aid to needy families, address the growing need for employment of people with special needs and provide meaningful work training attachment opportunities for the YMCA Project Bridge youth.

Project Bridge Fund was set up mainly for the purpose of providing academic programmes and personal developments for early school leavers and youth-at-risk.

YMCA – Lim Kim San Volunteers Programme Fund was set up for the purpose of promoting volunteerism and to recruit, retain and motivate volunteers.

Disaster Relief Fund was set up for the purpose of supporting the major volunteer relief and rehabilitation works undertaken by the Group and the Association.

Proyouth Village Fund was set up for the purpose of road repair in Proyouth Village in Siem Reap, Cambodia.

6.

FIXED DEPOSITS

Fixed deposits earned interest at 0.16% to 0.32% (2009: 0.15% to 0.92%) per annum and mature within 3 months to 6 months (2009: 1 month to 6 months). As at 31 December 2010, a financial institution had issued a letter of guarantee of S$80,850 (2009: S$80,850) to a third party on behalf of the Group and of the Association, with a charge on a fixed deposit of an equivalent amount (Note 23).

Rebuilding Community Programme @ Dujiangyan Fund was set up for the purpose of supporting the Group and Association’s rebuilding community programmes in Sichuan, China.

9.

CLUB ACCOUNTS

7.

At beginning

CASH AND BANK BALANCES Cash and bank balances are denominated in the following currencies: -

Chinese Renminbi New Zealand Dollar Singapore Dollar United States Dollar Malaysian Ringgit Hong Kong Dollar Japanese Yen Australian Dollar

50

GROUP AND ASSOCIATION

YMCA Annual Report 2010

2010

GROUP 2009

2010

ASSOCIATION 2009

S$

S$

S$

S$

12

12

1,178

5

5

5

6,713,065

2,123,745

6,372,965

2,123,745

6,110

6,440

6,110

6,440

911

267

911

267

84

84

1,104

1,104

926

926

6,723,378

2,130,469

6,382,105

2,130,469

Toastmasters Club

At end

of year

Receipt

Expense

of year

S$

S$

S$

S$

(778)

10,190

(7,261)

2,151

Folk Dance Club

4,295

(2,354)

1,941

Y* Spark’s Fencing

1,858

(1,403)

455

16,343

(11,018)

4,547

(778)

YMCA Annual Report 2010

51


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS STATEMENTS – 31 31 DECEMBER DECEMBER2010 2010

10.

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

PAYABLES AND ACCRUALS

14. GROUP 2009

2010

2009

S$

S$

S$

S$

Trade payables

535,163

920,548

520,043

920,548

Accrued operating expenses

321,842

372,629

222,295

372,629

Other payables

763,459

604,245

517,255

604,245

Deposits payable

554,069

343,571

554,069

343,571

Funds received in advance

903,267

311,972

296,863

311,972

3,077,800

2,552,965

2,110,525

2,552,965

Amount due to subsidiary is trade in nature.

12.

OTHER INCOME

AMOUNT DUE TO SUBSIDIARY

GROUP AND ASSOCIATION 2010

2009

S$

S$

Other income comprises of:– Rental

13.

GROUP AND ASSOCIATION

ASSOCIATION

2010

11.

KEY MANAGEMENT PERSONNEL (continued)

211,837

387,616

Membership and corporate communication

90,578

91,589

Sundries

79,855

100,132

382,270

579,337

2010

2009

S$

S$

380,837

414,667

Key management compensation comprises:– Salaries and other short-term employee benefits Employer’s contribution to CPF

31,962

52,139

Grant from jobs credit scheme

(1,930)

(15,085)

410,869

451,721

The number of key executives who received emoluments above S$100,000 for the financial year is two employees (2009: 2) with emoluments above S$100,000 but less than S$150,000.

None of the directors received any emoluments in respect of their service as directors of the Group for both of the financial years.

15. 16. 17.

TAX EXPENSES The Association has been registered as a charity under the Charities Act and is exempted from income tax for the financial year under the provisions of the Income Tax Act Cap. 134.

TAX EXEMPT DONATIONS The Association received tax exempt donations amounting to S$810,960 (2009: S$810,258) during the financial year.

CAPITAL COMMITMENTS Capital expenditure contracted but not provided for in the financial statements: GROUP AND ASSOCIATION

TOTAL RESOURCES EXPENDED Renovation of property

GROUP AND ASSOCIATION

2010

2009

S$

S$

56,201

2010

2009

S$

S$

Amortisation of goodwill #

150,000

Bad debts recovered

(442)

2010

2009

2010

2009

2,735

S$

S$

S$

S$

1,391,717

1,395,849

(1,924)

(9,529)

5,956

143,279

5,956

143,279

5,950,099

5,570,311

Management fee income

256,637

443,550 (92,253)

556,403 (431,193)

Copier rental income

982

Rental income

41,095

Total resources expended for the year are arrived at

18.

RELATED PARTY TRANSACTIONS

The following transactions took place between the Group and the related parties who are the directors of the Group during the financial year:-

after charging/(crediting): –

Bad debts written off Depreciation Exchange difference

GROUP AND ASSOCIATION

Purchase of services from a director related company

Staff costs* comprise:– – Salaries and other costs – Employer’s contribution to CPF – Grant from jobs credit scheme

# The Group entered into an agreement for the purchase of a portion of the Times Education Services (“TES”) business at a purchase price of S$150,000 to be effected on 1 January 2009. This purchase of business (and not shares) pertains to the right to be the universities’ sole representative in Singapore to offer certain programmes by way of part-time and distance learning. This amount has been fully amortised during the year.

* Includes key management compensation as disclosed in Note 14 below.

14.

KEY MANAGEMENT PERSONNEL

52

Key management personnel of the Group are those having the authority and responsibility for planning, directing and controlling the activities of the Group. The members of the Board of Directors and the Senior Management Team are considered as key management personnel of the Group. YMCA Annual Report 2010

19.

OPERATING LEASE COMMITMENTS Operating lease commitments – as lessee

Rental of copiers for the year amounts to S$21,156 and S$19,143 (2009: S$45,337 and S$45,337) for the Group and the Association respectively.

At balance sheet date, the Group and the Association were committed to make the following lease payments in respect of the rent of copiers with a term of more than one year: -

YMCA Annual Report 2010

53


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

None of the leases include contingent rent.

19.

OPERATING LEASE COMMITMENTS (continued)

GROUP AND ASSOCIATION 2010 2009 S$

S$

Within 1 year

20,525

28,798

After 1 year but within 5 years

42,847

71,891

63,372

100,689

21.

RESERVES POLICY The following table sets out the reserves position as at the balance sheet date: -

GROUP

– Accumulated Fund – Capital Replacement Fund

None of the leases include contingent rent.

– Fair Value Reserve

Operating lease commitments – as lessor

– Other Funds

Rental of premises for the year amounts to S$211,837 and S$ S$211,837 (2009: S$387,616 and S$387,616) for the Group and the Association respectively. – Building Asset Capitalisation Reserve – Other Funds

GROUP AND ASSOCIATION

– Club Accounts

2009

S$

S$

Within 1 year

313,852

122,418

After 1 year but within 5 years

431,819

362,153

745,671

484,571

Total Funds Ratio of *reserves to annual operating expenditure (year)

None of the leases include contingent rent.

ASSOCIATION

20.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

Unrestricted Funds (*Reserves)

The management of the Group monitors and manages the financial risk relating to the operations of the Group to ensure appropriate measures are implemented in a timely and effective manner. These risks include market risk, credit risk and liquidity risk.

– Accumulated Fund

Foreign Currency Risk

– Other Funds

The Group has minimal dealings in foreign currencies and as such, the Group is not significantly exposed to foreign currency risk

– Capital Replacement Fund – Fair Value Reserve

Interest Rate Risk

Restricted Funds

Interest rate risk is the risk that the fair value or future cash flows of the Group’s financial instruments will fluctuate because of changes in market interest rates. The Group’s interest rate exposure relates primarily to its investment portfolio in fixed deposits and bonds. As at balance sheet date, the Group is not significantly exposed to interest rate risk.

– Building Asset Capitalisation Reserve

Price Risk

Total Funds

The Group is exposed to securities price risk because of the investments held by the Group which are classified on the balance sheet as available-for-sale financial assets. To manage its price risk arising from investments in securities, the Group diversifies its portfolio. Diversification of the portfolio is done in accordance with the asset allocation set by the Group, which is reviewed on a regular basis.

Ratio of *reserves to annual operating expenditure (year)

Credit Risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the Group. The Group has adopted the policy of only dealing with creditworthy counterparties as a means of mitigating the risk of financial loss from defaults. The Group does not expect to incur material credit losses on its financial assets.

Financial assets that are neither past due nor impaired

Trade receivables that are neither past due nor impaired are creditworthy debtors. Cash and cash equivalents that are neither past due nor impaired are placed with financial institutions with high rating.

Financial assets that are either past due or impaired

Information regarding financial assets that are either past due or impaired is disclosed in Note 5.

Liquidity Risk

The Management manages the liquidity prudently and aims at maintaining an adequate level of liquidity.

54

YMCA Annual Report 2010

% Increase/

S$

S$

(Decrease)

12,777,492

12,091,695

6

629,417

172,315

>100

(29,574)

(180,115)

(85)

1,315,240

980,839

34

14,692,575

13,064,734

5,140,260

4,884,803

5

282,719

126,190

>100 >100

Restricted Funds

At balance sheet date, the Group and the Association were committed to receive the following lease payments in respect of the rent of the premises with a term of more than one year:2010

2009

Unrestricted Funds (*Reserves)

2010

– Other Funds – Club Accounts

4,547

(778)

20,120,101

18,074,949

2.072

2.318

2010

2009

% Increase/

S$

S$

(Decrease)

12,806,245

12,091,695

6

629,417

172,315

>100

(29,574)

(180,115)

(85)

1,315,240

980,839

34

14,721,328

13,064,734

5,140,260

4,884,803

5

282,719

126,190

>100

4,547

(778)

>100

20,148,854

18,074,949

2.077

2.318

The reserves that the Group has set aside provide financial stability and the means for the development of the Group’s principal activity. The Group targets for an optimum of three years of operating reserves from surpluses generated through its social enterprises. These reserves will be critical when donations dry up or the economy is at a downturn. The Group has set aside a percentage of its surpluses for large scale asset renewal as capital replacement fund. This allows the Group fundraising efforts to sustain its programmes and not to be detracted from fundraising for asset renewal purposes when the need arises.

The Board regularly reviews the amount of reserves that are required to ensure that they are adequate to fulfil the Group’s continuing obligations.

YMCA Annual Report 2010

55


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) (IPC No. : IPC000399) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010

22.

CLASSIFICATION OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES

25.

FRS AND INT FRS NOT YET ADOPTED (continued)

The following table sets out the financial instruments as at the balance sheet date:-

The initial application of these Standards, Amendments and Interpretations are not expected to have any material impact on the Group’s financial statements.

The Group has not considered the impact of Accounting Standards issued after the balance sheet date.

2010

GROUP 2009

2010

ASSOCIATION 2009

S$

S$

S$

S$

Assets Available-for-sale financial assets

3,297,243

2,648,415

3,297,243

2,648,415

582,707

723,421

557,407

723,421

39,242

37,876

39,242

37,876

Fixed deposits

2,334,378

4,627,450

2,334,378

4,627,450

Cash and bank balances

6,723,378

2,130,469

6,382,105

2,130,469

Total financial assets

12,976,948

10,167,631

12,610,375

10,167,631

Total non-financial assets

10,220,953

10,460,283

10,217,808

10,460,283

Total assets

23,197,901

20,627,914

22,828,183

20,627,914

3,077,800

2,552,965

2,110,525

2,552,965

26.

Loans and receivables:– Receivables Deposits

27.

SIGNIFICANT EVENT During the financial year, pursuant to regulations from Government that require all existing Private Education Organisations registered under the Education Act to register as a Private Education Institution under the Private Education (PE) Act, the education division of the Association has been separately registered as a legal entity under the PE Act. The objectives and activities of the new entity have not changed.

AUTHORISATION OF FINANCIAL STATEMENTS The financial statements of the Group and of the Association for the financial year ended 31 December 2010 were authorised for issue in accordance with a resolution of the Board of Directors dated 15 March 2011.

Liabilities Total financial liabilities at amortised cost:– Payables and accruals Amount due to subsidiary Total liabilities

23. 24.

25.

568,804

3,077,800

2,552,965

2,679,329

2,552,965

CONTINGENT LIABILITY As at 31 December 2010, a financial institution had issued a letter of guarantee of S$80,850 (2009: S$80,850) to a third party on behalf of the Group and the Association, with a charge on a fixed deposit of an equivalent amount (Note 6).

FAIR VALUES The carrying amounts of the Group’s financial assets and financial liabilities recorded in the financial statements approximate their fair values, determined in accordance with the accounting policies disclosed in Note 2 to the financial statements.

FRS AND INT FRS NOT YET ADOPTED The Group has not applied the following Standards and Interpretations that have been issued but not yet effective: Effective for annual periods Description

beginning on or after

Revised FRS 24

Related Party Disclosures

1 January 2011

Amendments to FRS 32

Classification of Rights issues

1 February 2010

Amendments to FRS 101

Limited Exemption from Comparative

1 July 2010

FRS 107 Disclosures for First-time Adopters Amendments to INT FRS 114

Prepayments of a Minimum Funding

1 January 2011

Requirement INT FRS 115

Agreements for the Construction of

1 January 2011

Real Estate INT FRS 119

Extinguishing Financial Liabilities with

1 July 2010

Equity Instruments

56

YMCA Annual Report 2010

YMCA Annual Report 2010

57


Contact Us YMCA of Singapore

YMCA Project Bridge

One Orchard Road S(238824)

Blk 892B Woodlands Drive 50 #01-177 S(731892)

Tel: 6336 6000 Fax: 6336 8003 Website: www.ymca.org.sg

General Secretary’s Office Tel: 6586 2202

Corporate Services Christian Development Tel: 6586 2242 Email: christiandevelopment@ymca.org.sg

YMCA SCC @ Gan Eng Seng c/o: Gan Eng Seng Primary School 100 Redhill Close S(158901)

Tel: 6362 0700 Fax: 6365 6039

Tel: 6479 0601 Fax: 6479 0601

Email: projectbridge@ymca.org.sg

Email: gescc@ymca.edu.sg

YMCA International House

YMCA SCC @ Jurong West

Tel: 6336 6000 Fax: 6337 3140 Email: hostel@ymca.org.sg

Blk 666A Jurong West Street 65 #01-191 S(641666)

Website: www.ymcaih.com.sg

Tel: 6794 7759 Fax: 6794 7763

Y-Café

Email: jwscc@ymca.edu.sg

Tel: 6586 2270

YMCA SCC @ Seng Kang c/o: Seng Kang Primary School

Tel: 6586 2254

YMCA Education Services

21 Compassvale Walk S(545166)

Email: corpaffairs@ymca.org.sg

YMCA School

Tel: 6384 4860 Fax: 6384 1653

Tel: 6586 2222 Fax: 6336 0064

Email: skscc@ymca.edu.sg

Corporate Affairs

Member Services Tel: 6586 2255/56 Email: members@ymca.org.sg Human Resources Tel: 6586 2232 Email: hr@ymca.org.sg

Programmes Tel: 6586 2312 Email: programmes@ymca.org.sg YMCA Tan Chin Tuan Community Service Programmes Tel: 6586 2347 Email: ysp@ymca.org.sg YMCA - Lim Kim San Volunteers Programme Tel: 6586 2352 Email: volunteer@ymca.org.sg International Programmes Tel: 6586 2334 Email: international@ymca.org.sg Youth Development Programmes Tel: 6586 2317/55 Email: youthdev@ymca.org.sg

Email: eductr@ymca.edu.sg Website: www.ymca.edu.sg

YMCA SCC @ St. Margaret c/o: St. Margaret’s Primary School

YMCA Tertiary Education

99 Wilkie Road S(228091)

Tel: 6586 2378/81 Fax: 6526 2383

Tel: 6333 5084 Fax: 6333 6084

Email: tertiary@ymca.edu.sg

Email: smscc@ymca.edu.sg

Website: www.ymca.edu.sg/tertiary

YMCA SCC @ Tao Nan c/o: Tao Nan School

YMCA Child Development Centres & YMCA Student Care Centres Tel: 6586 2222 Email: cdcscc@ymca.edu.sg Website: www.ymca.org.sg/cdcscc YMCA CDC @ Bukit Batok Blk 225 Bukit Batok Central #01-89 S(650225) Tel: 6665 0342 Email: bbcdc@ymca.edu.sg YMCA CDC @ Woodlands Blk 171 Woodlands Street 11 #01-55 S(730171) Tel: 6269 4125 Email: wlcdc@ymca.edu.sg YMCA CDC @ Zhenghua

Citi-YMCA Youth For Causes

Blk 510 Jelapang Road #01-68 S(670510)

Tel: 6586 2354

Tel: 6892 2430

Email: yfc@ymca.org.sg

Email: zhcdc@ymca.edu.sg

Website: www.youthforcauses.com

YMCA SCC @ Canberra

YMCA FACES (Financial Assistance and Capability for Employment Scheme)

Blk 471 Sembawang Drive #01-421 S(750471)

Email: faces@ymca.org.sg

Email: cbscc@ymca.edu.sg

Lifestyle Programmes Tel: 6586 2256 Email: lifestyle@ymca.org.sg

Tel: 6756 4469 Fax: 6756 4979

49 Marine Crescent S(449761) Tel: 6244 0681 Fax: 6244 8279 Email: tnscc@ymca.edu.sg YMCA SCC @ Loyang c/o: Loyang Primary School 3 Pasir Ris Drive 6 S(519419) Tel: 6584 4950 Fax: 6584 1822 Email: lyscc@ymca.edu.sg


2010 YMCA Annual Report