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ANNUAL

REPORT

2018

Our Mission

Fulfilling Aspirations…


YSA

ANNUAL REPORT

2018

3

Contents

Mission 4

President’s Message 5

The Year in Review 7

Panel of Advisors 9

Executive Committee 10

Report of the Executive Committee 11

Leadership Transition 12

- A Time of Change at YSA 14

Community Service 15

- Certificate Presentation Ceremony for Project Khwaish XVII 16

- An Outing with Senior Citizens 19

Conferences & Seminars 21

- Ninth Khwaish Lecture 22

Intellectual & Professional Development 24

- Sikh Graduate Tea Reception 2018 25

Sports 27

- YSA ‘Racial Harmony’4-A-Side Football Tournament 2018 28

Financial Report 31


YSA

ANNUAL REPORT

2018

4

MISSION

YSA reaches out to young Singaporeans with the aims of understanding

appreciating and fulfilling their aspirations. It supports the development of

the youth sector in Singapore by enabling youth to realise their aspirations

and make valuable contributions to the broader society. Additionally, YSA

seeks to enhance mutual understanding on issues of common concern

and foster friendships across ethnic groups in Singapore, the region and

the world.

Fulfilling Aspirations…


YSA

ANNUAL REPORT

2018

5

PRESIDENT’S MESSAGE

Mr Sarabjeet Singh

YSA’s mission is to fulfill the aspirations of young Singaporeans. This is a deceptively simple way to

articulate an increasingly complex, and at times what seems like a mammoth task we are committed

to. I reflect on this with humility and immense gratitude for the support that YSA has received as we

went about our work the past year.

We sometimes may not realise and fully appreciate how diverse and heterogeneous the “youth”

category is. Within this diversity, youth in fact have different, even multiple aspirations, and rightly so!

Our work in the past year especially made us aware of how YSA must continue to evolve to better

engage and provide youth with platforms and opportunities that get them some steps closer to

realising their aspirations.

YSA is one institution in the proverbial village which works to meaningfully engage and nurture

youth. The common purpose and alignment of our objectives with those of partner organisations

in the youth sector enabled us to accomplish much the past year. To this end, we have quite

deliberately sought new partners, and developed even deeper relationships with existing partners.

One example was the Khwaish Lecture series. This used to be an effort YSA undertook mainly on its

own in the past. Increasingly though, we have realized that the inputs from partner organisations,

with some helmed entirely by youth such as the University Sikh Societies and the SINDA Youth Club

to name a few, have resulted in some significant deviations from how we operated in the past. For

instance, these lecture series of course continue to be about serious issues that affect our nation

and society. However, this does not mean that youth cannot engage with these issues in more lively

and dynamic ways, and in settings that make them feel more comfortable and are also fun. Such

partnerships therefore are not only about seeking and providing new opportunities and platforms,

but crucially they are also about relooking and refreshing our existing ones.


YSA

ANNUAL REPORT

2018

6

This brings me to what we observe as an earnest and sincere desire by various organisations and

institutions to engage youth. These include organisations and institutions within our Sikh Community

too. By the same token, we also observe that youth who are passionate about issues and causes

increasingly want more autonomy. Is it possible to balance these aims? Going forward, how can

we do so?

In this regard, YSA too finds itself in a position where we can appreciate this desire for greater

autonomy. We empathise with the youth who request the same. At the same time, we find youth

also giving us feedback that they are not satisfied with simply participating at our platforms. They

want to lead and drive them. Our experience has shown this is possible and in fact should be

encouraged. It is how we value-add to our suite of youth platforms. This particularly resonates with

me given my personal experience as a youth volunteer with YSA as I was given the resources and

importantly the trust to lead projects I had a deep interest in.

We move forward and look to 2019 with hope that more youth will feel they are given the trust and

are empowered to co-construct initiatives which they feel will be of benefit to their peers and the

community. With that, I thank you once again for your support, and hope you enjoy reading YSA’s

annual report for 2018.


YSA

ANNUAL REPORT

2018

7

THE YEAR IN REVIEW

The year 2018 was a significant year for YSA.

YSA welcomed its third President, Mr Sarabjeet

Singh who took over from Mr Malminderjit

Singh. 2018 was also the year where after an

extremely exciting 2017, YSA decided to focus

on its core activities.

We are humbled that together with our

volunteers and partners, we continue to make

an impact and add value to the non-profit

sphere.

Creating a Caring Community

It is important to YSA to create and encourage

a culture of kindness which enriches our value

system and develops individuals of good

character who contribute to the community.

This will create a caring and empathic

community. In order to do this, we at YSA came

up with and supported various programmes

that helped to develop care, compassion and

empathy to others.

One such programme is the Khwaish Expedition

Project. This community service project provides

its participants with the opportunity to serve

internationally. The youth get to experience

an enriching journey of personal growth

while immersing themselves in a new cultural

experience. In December 2017, a group of youth

embarked on the 17th run of this project.

In order to recognize their efforts and to learn

more about their experience, YSA organized

the certificate presentation ceremony at

Singapore Khalsa Association in March 2018.

The participants got to share with the Guest of

Honour, Mr Amrin Amin about the life enhancing

community service they participated in where

they put together a full-fledged library and

made improvements to the school.

Another effort by YSA to create a caring

community where we show kindness and

concern to one another was the outing for

wheelchair-bound seniors from Sree Narayan

Mission. This initiative enabled us to serve

our elders and bond with them through a

community meal at the Central Sikh Temple.

We also got to hear their tales about a younger

Singapore as we explored the Indian Heritage

Centre with them.

These programmes enable us to come together

to create a caring community where we help

one another selflessly.

Encouraging Active Citizenry

YSA recognizes that our youth are our future

and as such we have worked hard to expand

the access to platforms for active citizenry

for our youth. One way in which we have

done this, is to create platforms such as the

Khwaish Lecture for our youth. The Khwaish

Lecture series provides young Singaporeans

with the opportunity to gain greater insights

on relevant issues while allowing them to

engage with leaders from different fields on

the various issues impacting Singapore but

with a global focus.


YSA

ANNUAL REPORT

2018

8

In July 2018, YSA held its Ninth Khwaish Lecture

with Mr Bilahari Kausikan as the guest speaker.

The session first engaged the participants in

discussions on the subject matter at hand and

later allowed the participants to hear from Mr

Kausikan on ‘The Foundation of Singapore’s

Foreign Policy’. It was an enriching session for

the youth who attended.

Recognizing Achievements

It is also important to YSA to recognize the

efforts and achievements of our youth. An

annual event at YSA that does just that is the

Sikh Graduates Tea Reception. The Reception

provides Sikh youth with the opportunity to

network with each other but more crucially,

it recognizes and celebrates the academic

achievements of these youth including those

who have pursued post graduate studies and

continuous learning.

In October 2018, the Sikh Graduates Tea

reception saw over 35 graduates receive their

appreciation plaques from Guest-of-Honour, Mr

Ng Chee Meng.

YSA’s annual racial harmony football

tournament is another. This tournament brings

together individuals from different ethnicities,

age groups and backgrounds. The players,

regardless of race and language, play together

in the field while the side activities outside the

field also sees players building bonds as they

support and cheer each other on.

The 14th Racial Harmony Football Tournament

was held in March 2018 with Guest of Honour,

Mr Louis Ng gracing the event. It is a platform

which not only helps to build bonds in the

community but also promotes a healthy lifestyle

of sports and physical activity.

Looking Ahead

The last one year has been fulfilling. We at YSA

will continue to work hard to reach out to youth

with the aim of understanding, appreciating

and fulfilling their aspirations. We also strive

to bring to you more exciting initiatives and

programmes to benefit our youth and society.

With your continuous support, we can make a

difference!

Building Bonds in the Community

We at YSA also strongly believe in crossing

barriers of race, religion and language in

our programmes. This way our activities and

programmes are inclusive and bring about

various positive benefits in various segments of

the community. The Ninth Khwaish Lecture was

one such programme.


YSA

ANNUAL REPORT

2018

8 YSA ANNUAL REPORT 2017

9

PANEL OF ADVISORS

Dr

Dr Mohamad

Mohamad Maliki

Maliki Osman

Osman


Senior Minister of State,


Ministry of Defence & Ministry of Foreign Affairs

Mayor, South East District

Mr

Mr Davinder

Davinder Singh

Singh


Executive Chairman


Davinder Singh Chambers LLC

Mr

Mr Inderjit

Inderjit Singh

Singh


Founder and Chief Executive Officer,


Infiniti Solutions


Executive Chairman, Tri-Star Electronics

HE

HE Mr

Mr Karan

Karan Singh

Singh Thakral

Thakral


Executive Director, Thakral Group of Companies


Singapore’s Non-Resident Ambassador to Denmark

Professor Tan Tan Tai Yong Tai Yong

President


Yale-NUS College


Ms Mr Malminderjit Amarpreet Kaur Singh

YSA Assistant PresidentTreasurer

ANNUAL REPORT

2018

EXECUTIVE COMMITTEE

10

Ms Harsimar Balveen Kaur



Editor, Khwaish Newsletter

YSA ANNUAL REPORT 2017

MITTEE

EXECUTIVE Mr Malminderjit Mr Malminderjit Singh Singh

Ms Mr Kulwant Rashvinpal Singh Kaur Dhaliwal

COMMITTEE

President President



EXECUTIVE COMMITTEE


Ms Balveen

Ms Mr Sarabjeet Sithara Mr Mr

Ms Mr Malminderjit

Ms

Sarabjeet Malminderjit

Balveen Kaur

Perinder

KaurSingh

Kaur

Doriasamy Singh

Singh

Singh




President

President


President


EXECUTIVE COMMITTEE

EXECUTIVE COMMITTEE

Mr Malminderjit Singh

Mr Kulwant

Ms Mr Rashminder Harjean Ms

Mr Ms

Mr

Kulwant Balveen Singh

Kuldip Balveen Singh

Singh Kaur

President

Ms Balveen

Kaur Singh

Kaur


Kaur






Vice President (Administration)



Ms Balveen Kaur

Mr Sarabjeet

Mr

Mr

Ravinderpal

Malminderjit

Mr Mr Mr

Ms Kulwant

Sarabjeet Kulwant Singh Singh


Sukvinderpal Singh

Singh

Kaur


Assistant

President

Vice


YSA ANNUAL REPORT 2017


President Secretary

(Corporate Relations)

MITTEE

Mr Malminderjit

Mr Rashminder

Ms

Ms

Sukhjeevanth

Balveen Mr Mr

Mr Jeevan Sarabjeet

Rashminder Sarabjeet Malminderjit

Kulwant Singh

Singh Singh

Jeevan Kaur Singh

Singh

Kaur

Singh

Singh Singh

President

Sandhu

Sandhu




Vice


President



President (Community Relations)



Ms Balveen

Mr Ravinderpal

Ms

Mr Kulwant

Amarpreet Mr Mr Ms

Mr Ms Sarabjeet Rashminder

Ravinderpal Rashminder Balveen

Perinder Kaur

Singh Kaur

Kaur Singh

Singh


Amritpal Singh Singh

Kaur

Singh

Assistant

Assistant


Honorary

Assistant




Secretary



Secretary

YSA ANNUAL REPORT 2017

Treasurer Secretary



Mr Kulwant

Ms Sukhjeevanth Sukhjeevanth Kaur

Ms

Mr Sarabjeet

Harsimar Mr

Ms Mr

Mr Ravinderpal Kulwant

Rashminder Kuldip Singh Singh

Ms Ravinderpal Singh

Singh

Kaur Singh


Rasveen Kaur

Kaur

Singh

Singh

Kaur




Assistant Assistant



Secretary



Secretary


Editor, Khwaish Newsletter

MITTEE

Mr Sarabjeet

Ms Amarpreet Ms Ms

Mr Rashminder

Rashvinpal Ms Ms Mr

Mr Ms Sarabjeet

Ravinderpal Sukhjeevanth

Amarpreet Sukhjeevanth

Sukvinderpal Singh

Perinder Kaur Kaur Singh

Singh Kaur

Kaur Kaur


Vithya Subramaniam

Honorary Kaur

Singh

Dhaliwal

Kaur

Assistant




Assistant


Assistant

Secretary


Treasurer Treasurer






Mr Rashminder

Ms Harsimar Ms Ms

Mr Ravinderpal

Sithara Ms Ms Ms Mr

Mr

Rashminder Jeevan Sukhjeevanth

Kuldip Amarpreet

Harsimar Amarpreet

Singh

Kaur Singh Kaur Kaur Singh Sandhu Kaur


Sheena Doriasamy

Singh Gill

Kaur


Treasurer


Assistant Assistant Assistant



Treasurer



Secretary

Treasurer

Editor, Editor, Khwaish Newsletter



Khwaish Newsletter


Mr Ravinderpal

Ms Rashvinpal Mr Ms

Ms

Harjean

Sukhjeevanth

Digital Ms Ms Mr Ravinderpal Amritpal Amarpreet

Mr R Harsimar

Rashvinpal Harsimar

Singh

Kaur

Sukvinderpal Kaur Kaur

Logapreyan

Lead Kaur

Kaur

Kaur Dhaliwal

SinghDhaliwal

Assistant

Kaur






Assistant

Assistant

Secretary

Secretary

Treasurer



Editor, Editor,


Khwaish Newsletter



Khwaish Newsletter


Ms Sukhjeevanth

Ms Sithara Ms Rasveen Kaur

Ms Amarpreet

Committee Ms Ms Mr Jeevan

Mr Nirmal Rashvinpal

Sithara Rashvinpal Sukhjeevanth

Harsimar Rasveen Kaur

Doriasamy Doriasamy Singh Kaur

Member

Singh Kaur

Kaur Sandhu

Kaur Dhaliwal


and Editor,

Dhaliwal


Assistant

Khwaish




Editor, Treasurer


Newsletter




Khwaish Newsletter




Ms Amarpreet Ms Ms Harjean

Ms Harsimar Committee Ms Ms Mr Amritpal Sithara

Harjean Sithara Amarpreet

Rashvinpal Vithya Kaur Subramaniam

Kaur Doriasamy

Alisha Member Kaur Gill

Doriasamy

Kaur Singh

Kaur

Kaur Dhaliwal

Assistant


and Deputy Editor,


Khwaish


Assistant


Treasurer Treasurer



Newsletter

Editor,





Khwaish Newsletter




Ms Harsimar Ms Ms Rashvinpal Ms

Harjean Harsimar

Sithara Sheena Kaur Doriasamy Gill

Harjean Rasveen Kaur


Kaur Kaur

Dhaliwal


Editor,


Editor,



Khwaish Khwaish Newsletter Newsletter





9

9

9

Mr Malminderjit Singh

Mr President

Ms Sarabjeet Sheena Perinder Gill Kaur Singh

YSA


YSA ANNUAL ANNUAL REPORT REPORT 2017 20179




Ms Balveen Kaur

Mr

Rashminder R Kuldip Logapreyan Singh Singh

YSA ANNUAL REPORT 2017



YSA ANNUAL REPORT 2017



9

EXECUTIVE

COMMITTEE 9

Mr Ms Kulwant Perinder Ms Perinder Singh Kaur Kaur

Mr

Ms

Ravinderpal Nirmal Sukvinderpal YSA Singh

ANNUAL Singh Kaur REPORT 2017

Assistant


Secretary


Mr Sarabjeet Kuldip

Ms

Ms Mr Jeevan Sukhjeevanth Ms

Mr Ms Kuldip Perinder Singh Singh

Perinder Kaur

Singh Kaur

Sandhu Kaur

Ms


Alisha



Gill

YSA ANNUAL REPORT 2017 9




Committee Member


Ms Perinder Kaur

Mr Ms Rashminder Sukvinderpal

Ms Mr Amarpreet Mr

Ms Mr Kuldip Kuldip

Sukvinderpal Singh Kaur


Singh

Kaur


Kaur

Assistant


YSA ANNUAL REPORT 2017

Mr Amritpal

YSA Singh ANNUAL REPORT 20179

Treasurer




Committee Member


Mr Kuldip Singh

Mr Ravinderpal Jeevan Ms Rasveen

Perinder Ms

Mr Ms Jeevan Sukvinderpal Singh Sukvinderpal Singh Sandhu Kaur


Kaur

Kaur

Sandhu

Ms Assistant Harsimar



Secretary


Kaur

Committee

Editor,




Member


Khwaish Newsletter

Ms Perinder

Ms Mr Amritpal Sukhjeevanth

Ms Mr Kuldip Rashvinpal Vithya Mr Mr Ms

Ms Jeevan

Amritpal Jeevan Perinder

Sukvinderpal Kaur

Singh Singh

Singh

Subramaniam Kaur Singh

Singh Kaur

Kaur

Sandhu

Dhaliwal

Sandhu





Mr Kuldip Singh









Committee Member




Mr Kuldip Mr Jeevan

Ms Amarpreet Rasveen Ms Sithara Sheena

Sukvinderpal Mr

Ms Mr Amritpal Kuldip

Singh Singh Sandhu

Amritpal

Rasveen Kaur Singh Kaur Singh

Doriasamy Gill

Singh

Kaur

Mr

Assistant

Kaur

Nirmal


Treasurer Singh

Committee







Member




Ms Sukvinderpal

Ms Harsimar Vithya

Ms Mr

Mr

R

Jeevan Harjean Ms Ms

Mr Amritpal

Logapreyan

Rasveen

Vithya Rasveen Sukvinderpal

Singh Kaur

Subramaniam

Kaur

Kaur Kaur

Ms

Sharan Singh Kaur

Kaur

Sandhu



Dhaliwal

Committee

Editor,








Khwaish

Member

Newsletter




Mr Jeevan

Ms Rashvinpal Mr

Mr

Nirmal

Amritpal Ms Ms Mr

Ms

Jeevan

Rasveen Vithya

Sheena Vithya

Singh

Gill Subramaniam

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Kaur Sandhu

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Ms

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Gill

Committee









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Ms Mr R Sithara

Ms

Ms

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Sheena

Singh Subramaniam

Sheena Doriasamy Gill Singh

Ms

Sithara

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Ms

Ms

Mr Nirmal Harjean

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Kaur

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Ms



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Ms Sheena Mr Mr Ms

Mr R

Nirmal Nirmal

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Logapreyan

Ms

Ms

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Subramaniam

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Gill

Singh





Committee







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Ms Sheena Ms

Mr Nirmal

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Gill Gill

Mr

R Ms

Logapreyan

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Mr R Mr

Ms Logapreyan R

Alisha

Logapreyan

Gill

Mr

Nirmal

Singh






9

9


REPORT OF THE

EXECUTIVE COMMITTEE


YSA

ANNUAL REPORT

2018

12

LEADERSHIP TRANSITION


YSA

ANNUAL REPORT

2018

13


YSA

ANNUAL REPORT

2018

14

A Time Of

Change

At YSA

In November 2018, YSA witnessed a change

of leadership. Mr Sarabjeet Singh took over as

the third President of YSA, after Mr Malminderjit

Singh stepped down following 6 years of service

as YSA’s president. Prior to serving as YSA’s

president, Mr Malminderjit Singh had been

serving the community through YSA in various

capacities, first as an Executive Committee

member and then as the Vice President.

Similarly, Mr Sarabjeet Singh too is no stranger

to YSA.

Mr Sarabjeet Singh started his journey at YSA

as a volunteer for Project Khwaish in 2006. After

the enriching and eye-opening experience

at Khwaish and appreciating the work that

YSA does, Mr Sarabjeet Singh had the urge

to contribute further to the community and

as such, his first official stint at YSA was as the

editor of this very newsletter. Mr Sarabjeet Singh

became more involved in various community

initiatives. Seeing his passion to serve the

community and striving for its betterment, Mr

Sarabjeet Singh is indeed the best candidate

to step into Mr Malminderjit Singh’s shoes as

the third President of YSA.

Succession planning is of great importance

at YSA. YSA is a key part of the institutional

landscape in the Sikh community and in

the larger society. It has also earned a good

reputation of organizing and delivering a

consistently high level of activities that are

enjoyed by both members of the community

and individuals in the wider society. Therefore,

it is crucial that the next President of YSA is

someone who is able to take on this huge

responsibility as well as take YSA to greater

heights.

Since the beginning of YSA’s history, mechanisms

have been put in place to identify and groom

individuals with leadership potential so as to

ensure that YSA, as an organization, will live up

to its mission of fulfilling the aspirations of young

Singaporeans. The members of the Executive

Committee made a commitment to one

another to always add value to the community,

to do their best and push personal boundaries.

The Executive Committee is also committed to

put the interest of YSA and the community first

and that includes not hanging on to positions

beyond their ability to contribute when serving

as a member of the Executive Committee. With

this commitment, the members of the Executive

Committee will enable YSA to consistently

initiate efforts and deliver high quality activities

for the betterment of the youth in our society.

In addition to this commitment, the leadership

also actively identifies and grooms individuals

with leadership potential as part of the

succession plan at YSA. The leadership then

provides these individuals with opportunities

to take the reign in planning and executing

important activities at YSA. These individuals

are also assigned to key appointments so that

they can understand the responsibilities of that

particular role and recognize the various facets

of YSA so that when the time comes, they will be

ready to assume the mantle of leadership.


YSA

ANNUAL REPORT

2018

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COMMUNITY SERVICE


YSA

ANNUAL REPORT

2018

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Certificate

Presentation

Ceremony for

Project Khwaish XVII

Since 2003, YSA has embarked and completed 17 community projects in Punjab. The year 2017

was no different. Twenty young Singaporeans, led by a veteran leader participated in a journey of

selfless and charitable service in aid of underprivileged and needy children in Punjab, India. The

volunteers, made up of multi-racial Singaporeans, spent three weeks in December 2017 as part of

YSA’s Project Khwaish XVII community service at the Government Primary School in Rattoke village

of Sangrur district.

During the project from 8 to 31 December 2017, the expedition team painted the school, set up a

library filled with about 2,500 books and assisted in the renovation of the school’s toilets. The team

also presented gifts, toys, stationery and clothes to all of the students as well as special prizes to the

top three students in each level and prizes to the top male and female student. The team personally

handed out clothes to the villagers and the needy. The team also took time off their busy schedule

to interact with the students and teachers, and participated in games with the students.

In order to recognize the voluntary work of the participants of this round of Project Khwaish, YSA

organized a certificate presentation ceremony. During the ceremony at the Singapore Khalsa

Association on 16 March 2018, the Guest of Honour, Parliamentary Secretary for Health and

Home Affairs, Mr Amrin Amin, stated that, “The expedition team was made up of participants from


YSA

ANNUAL REPORT

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17

different ethnic and cultural backgrounds. By

working together, I am sure that your efforts

have impacted the local community in Rattoke

village in a positive and meaningful way. At the

same time, I am certain that it was an enriching

experience for the team members, opening

their eyes to the plight of others and teaching

them the important life lesson of offering a

helping hand to those in need and giving back

to the community.”

In complimenting the Sikh community on

its significant contributions to Singapore. Mr

Amrin stated, “The Sikh community is a vibrant

component of our society and has a long

tradition of serving the larger community, such

as through providing food and shelter at the

gurdwaras (which are Sikh places of worship).

The Sikhs number between 10,000 and 12,000

in Singapore but the community’s contributions

to Singapore have been significant.”


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ANNUAL REPORT

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Also speaking at the ceremony, one of the

participants, Ms Rajveen Kaur, shared, “if one

was to ask me what I have gained from Project

Khwaish XVII, I would say that it is the value

of teamwork and the 20 other participants

who have become family. I have also learnt

that some of the best things in life – the love

and blessings of an entire village, come at no

additional cost.”

Mr Faraaz Amzar Mohamed Farook, another

participant who also shared his experiences

during the project, was impressed with the

children at the school. He stated, “They displayed energy, youthful curiosity and a never-ending

thirst for life. Somehow, with the absence of modern technology, their minds and bodies appeared

more active. They found joy in the smallest of things. I remember one boy who was elated simply

because I stopped to speak with him and play a simple game with him.”

The project was supported by the Youth Expedition Project (powered by Youth Corps Singapore), the

Lee Foundation, TriStar Electronics, Thakral Group, Labour Tel Management Corporation Pte Ltd, and

individual donors and well-wishers.


An

Outing with

Senior Citizens

YSA

ANNUAL REPORT

2018

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On 19 May 2018, YSA organized an outing for

wheelchair-bound seniors from Sree Narayan

Mission. The day started with a visit to the Indian

Heritage Centre.

At the Centre, the seniors were given a lesson on

various aspects of Indian culture as a tour guide

brought everyone around the centre to view the

different exhibits. The seniors also got to watch a

short film on the history of movement of Indians

in Singapore. It was heartening to hear some of

the seniors enthusiastically identifying the names

of familiar religious artifacts, streets or structures,

showing the volunteers that this experience was

definitely an interesting trip down memory lane

for them.

Shortly after a mini handicraft session, the team

of volunteers took the seniors to the Central Sikh

Temple. However, they were confronted with

uncooperative weather. The heavy rain paired

with the tough parking situation in Little India

posed quite a challenge for the staff of the Mission

and the team of volunteers. Nevertheless, armed

with ponchos and umbrellas, they proceeded to

ferry the seniors one at a time to the vans.

For most of the seniors, this visit to the Central

Sikh Temple was their first visit to a gurdwara. They

were all smiles as they enjoyed a ‘cheat meal’ –

a cup of sweet bandung (rose syrup with milk)

and cha (tea), along with crispy pakoray (fritters)

at the langar hall (community kitchen). After

the shared meal, the team planned to bring the

seniors to the Darbar Sahib (prayer hall) to seek


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ANNUAL REPORT

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Guru Ji’s blessings. However, at this point, the team

of volunteers were confronted with yet another

challenge – the temple had a lift breakdown. They

had to think of an alternative way to shuttle the

wheelchair bound seniors to the Darbar Sahib,

which was on the second floor. The kind migrant

workers at the temple approached the volunteers,

offering to assist by physically carrying the seniors,

one at a time and on their wheelchairs, up the flight

of stairs to the Darbar Sahib. The collaborative effort

between the migrant workers and the volunteers

was a success, and the seniors were given the

opportunity to experience a prayer session in the

Darbar Hall.

This outing showed the spirit of sewa (selfless

service). This was observed in everyone that day,

from the volunteers to the migrant workers in the

temple. Even the people the team and the seniors

encountered on the streets earlier in the day

displayed such spirit. When having to reserve a

spot for the van with the seniors to drop them off

at Centre, the team of volunteers had to approach

the many who were attempting to park at the said

spots. These individuals were very understanding

and were willing to find other spots.

This opportunity to volunteer and participate in this

outing served as a reminder to everyone to always

have a positive attitude about sewa and to continue

encouraging others to do the same.


YSA

ANNUAL REPORT

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21

CONFERENCES & SEMINARS


YSA

ANNUAL REPORT

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Ninth Khwaish

Lecture

On ‘The Foundation of

Singapore’s Foreign Policy’

YSA held its Ninth Khwaish Lecture on ‘The

Foundation of Singapore’s Foreign Policy’ on

21 July 2018. The guest speaker was Bilahari

Kausikan, Former Permanent Secretary, Ministry

of Foreign Affairs, Singapore. This event was

attended by more than 150 participants of

various ethnic backgrounds and ages.

During the event, the retired diplomat shared

his experiences and insights into Singapore’s

distinctive features as a new and small state in

a turbulent global and regional environment.

Mr Kausikan began his lecture by explaining

the root of foreign policies and clarifying the

meaning of friendly relations among countries

“The idea of friendship between countries is

very fundamentally different (compared to the

idea of friendships between people). When

a country says we have friendly relations, it

means that our national interests are aligned.

This concept of interest is the most fundamental

concept of all foreign policies and relations”,

he stated.


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23

Mr Kausikan added that a country’s

core interests derive from the nature of

its state. “Our (Singapore’s) core interest

is how we choose to organize ourselves

and how we choose to organize

ourselves is under pressure and it has

been under pressure since 10 August

1965.” He opined that the uniqueness of

Singapore is under pressure as identities

continue to evolve, transform and adapt

to changing times. “If we are not vigilant

or aware of our external threats, we can

easily be swayed”, he cautioned.

Mr Kausikan cited China’s perceived attempt to influence Singapore’s identity, arguing that it

does not understand Singapore’s dynamics. “It sees Singapore as a Chinese country because it

(Singapore) happens to have a majority of Chinese as its population”, he explained. Mr Kausikan

also mentioned various ways in which China influences operations and he cautioned Singaporeans

to stay vigilant. “Singapore is a young idea, it is 53 years old and that has gone by in the blink of an

eye. Identities constantly evolve, change and adapt. The basis of our creation is continued success

… but, if Singapore fails as a country, there is no intrinsic value because we are small”, he said.

As part of the event, facilitated group discussions were held before the arrival of Mr Kausikan

in which the participants looked at plausible scenarios that depicted the tensions between

Singapore’s domestic organizing principles and its foreign policies. Many participants said the

discussions enabled them to develop a better understanding of the various challenges and threats

that Singapore may be susceptible to.

Overall, the session was full of valuable conservations.


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INTELLECTUAL & PROFESSIONAL

DEVELOPMENT


Sikh

Graduate Tea

Reception 2018

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Every year, YSA, in collaboration with other

community organisations such as the Central

Sikh Gurdwara Board and the Singapore

Khalsa Association, organizes the Graduate Tea

Reception to recognize an important milestone

in the lives of our youth, their graduation. Last

year was no exception. The Sikh Graduate Tea

Reception 2018 was held at the Singapore Khalsa

Association on 13 October 2018.

The event saw over 35 graduates receive their

appreciation plaques from Guest-of-Honour, Mr

Ng Chee Meng, Minister in the Prime Minister’s

Office and Secretary-General of NTUC. Mr Ng,

in his address to the graduates, talked about

the importance of adaptability and seizing the

opportunities in today’s volatile and disruptive

market. He also spoke about how crucial it is for

employees today to possess both technical and

soft skills as in addition to one’s technical expertise,

soft skills like compassion and a strong character

are sought after too.


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The graduates were also treated to a talk on changing hiring and human resources practices as

companies adjust to disruptions and shifts in the market by guest speaker, Mr Martin Tan, the executive

director of The Majurity Trust. This talk was extremely relevant and welcomed by the graduates as many

were entering the workforce.

However, while it is important for youth to develop themselves and strive for the best in their career, YSA’s

then President, Mr Malminderjit Singh, also stressed that they should not let go of the desire to participate

in community activities.

The Sikh Graduate Tea Reception is an important part of YSA’s agenda. It is

an excellent networking opportunity and a great platform for young Sikhs

to learn from industry experts such as Mr Martin Tan.


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SPORTS


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On 24 March 2018, Member of Parliament for Nee

Soon GRC, Louis Ng, donned his football attire

and goal keeping gloves to participate in the YSA

‘Racial Harmony’ 4-A-Side Football tournament at

Kovan Sports Centre. He kicked off the event by

playing in an exhibition match involving players

from different ethnic groups and backgrounds.

Following a number of saves during the match,

Mr Ng commented that, “I double confirm that

I am getting old but not too old yet to enjoy a

good game with enthusiastic players here. It is

heartening to see participants of all races and

ages come together on a weekend afternoon to

sweat it out and make friends.”

The YSA tournament attracted 360 players and

more than 250 supporters and spectators. The

annual tournament aims to promote racial

harmony as it embraces teams consisting

of players from different communities and

backgrounds. It also encourages the players to

get to know one another through the sport as well

YSA

‘Racial Harmony’

4-A-Side Football

Tournament

2018

as the side activities such as the target shooting

and juggling competition, and a quiz on Singapore.

Furthermore, the participants interact and engage

with one another over some food and drinks

during the tea reception. The event is also geared

towards promoting a healthy lifestyle among the

participants across generations as they come to

support their family and friends in the tournament.

During the tournament, side activities were

organized to continually engage the participants

as well as provide mini challenges where they

could walk away with cash prizes. During the target

shooting competition, the players put their aiming

skills to good use by hitting cones placed at varying

heights. The juggling competition required players

to juggle the ball for as long as they could and this

required immense determination and focus.


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2018

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Following more than 100 matches, the event

ended with the highly-anticipated final between

MIB (four time champions) and SG Futsal 16 in the

‘Open’ category. SG Futsal 16 raced to a 2-0 lead

only for MIB to draw level soon after. SG Futsal 16

then added two more goals before MIB emerged

as the ‘Open’ category winners. In the ‘Veterans’

category, Thursday Knights A retained the trophy

for the second year running, while Kardesler Juniors

B emerged victorious in the ‘Youth’ category and

OnzXOnz in the ‘Ladies’ category. In the ‘Juniors’

category, Junior Starz took home the trophy. When

asked if his team would be back again next year,

the captain replied with a confident cheeky grin,

“Definitely”.

Mr S Sivakumar, former national football player,

who was part of Thursday Knights A, stated, “It

is great to be part of this tournament. It is more

of a carnival than a real competition. You meet

old friends and make new ones. The organisers

always make a conscious effort to get different

groups of people to be part of the tournament.”


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Financial Report


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2018

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YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

(Club Registration Number: 61-171590000-K)

ACCOUNTS AND REPORTS

For the financial year ended

31 December 2018

CONTENTS

Page

STATEMENT BY MANAGEMENT COMMITTEE 33

INDEPENDENT AUDITORS’ REPORT 34 - 36

STATEMENT OF FINANCIAL POSITION 37

STATEMENT OF INCOME AND EXPENDITURE 38

STATEMENT OF CHANGES IN FUNDS 39

STATEMENT OF CASH FLOWS 40

NOTES TO THE FINANCIAL STATEMENTS 41 - 46


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2018

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YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

STATEMENT BY MANAGEMENT COMMITTEE

In the opinion of the Management Committee, the accompanying statement of financial position,

income and expenditure statement, statement of changes in funds and statement of cash flows

together with the notes to the financial statements, are drawn up so as to give a true and fair view

of the state of affairs of YOUNG SIKH ASSOCIATION (SINGAPORE) as at 31 December 2018 and of the

results, changes in funds and cash flows of the Association for the year then ended on that date.

The Management Committee has approved these financial statements for issue on

On behalf of the Management Committee

MR SARABJEET SINGH

President

MS AMARPREET KAUR

Assistant Treasurer

Singapore


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2018

34

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

Report on the Audit of the Financial Statements

Opinion

We have audited the financial statements of Young Sikh Association (Singapore), which comprise

the statement of financial position as at 31 December 2018, and the statement of income and

expenditure, statement of changes in funds and statement of cash flows for the year then ended,

and notes to the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements are properly drawn up in accordance

with the provisions of the Societies Act, Cap. 311 (the Act) and Financial Reporting Standards in

Singapore (FRSs) so as to give a true and fair view of the financial position of the Company as at

31 December 2018 and of the financial performance, changes in equity and cash flows of the

Company for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with Singapore Standards on Auditing (SSAs). Our

responsibilities under those standards are further described in the Auditor’s Responsibilities for the

Audit of the Financial Statements section of our report. We are independent of the Company in

accordance with the Accounting and Corporate Regulatory Authority (ACRA) Code of Professional

Conduct and Ethics for Public Accountants and Accounting Entities (ACRA Code) together with

the ethical requirements that are relevant to our audit of the financial statements in Singapore, and

we have fulfilled our other ethical responsibilities in accordance with these requirements and the

ACRA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to

provide a basis for our opinion.

Other Information

The management is responsible for the other information. The other information comprises the

Statement by Management Committee (set out on pages 2).

Our opinion on the financial statements does not cover the other information and we do not express

any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other

information and, in doing so, consider whether the other information is materially inconsistent

with the financial statements or our knowledge obtained in the audit, or otherwise appears to be

materially misstated. If, based on the work we had performed, we conclude that there is a material

misstatement of this other information, we are required to report that fact. We have nothing to

report in this regard.


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ANNUAL REPORT

2018

35

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF

YOUNG SIKH ASSOCIATION (SINGAPORE) (CONT’D)

(Registered under The Societies Act. Cap. 311)

Management Committee’s Responsibilities for the Financial Statements

The Management Committee members are responsible for the preparation of financial statements

that give a true and fair view in accordance with the provisions of the Act and FRSs, and for 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 financial statements and to maintain accountability of assets.

In preparing the financial statements, management is responsible for assessing the Company’s

ability to continue as a going concern, disclosing, as applicable, matters related to going concern

and using the going concern basis of accounting unless management either intends to liquidate

the Company or to cease operations, or has no realistic alternative but to do so.

The Management Committee’s responsibilities include overseeing the Company’s financial

reporting process.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a

whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s

report that includes our opinion. Reasonable assurance is a high level of assurance, but is not

a guarantee that an audit conducted in accordance with SSAs will always detect a material

misstatement when it exists. Misstatements can arise from fraud or error and are considered material

if, individually or in the aggregate, they could reasonably be expected to influence the economic

decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with SSAs, we exercise professional judgement and maintain

professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to

fraud or error, design and perform audit procedures responsive to those risks, and obtain audit

evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not

detecting a material misstatement resulting from fraud is higher than for one resulting from error,

as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override

of internal control.

• Obtain an understanding of internal control relevant to the audit 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 Company’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting

estimates and related disclosures made by management.


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2018

36

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF

YOUNG SIKH ASSOCIATION (SINGAPORE) (CONT’D)

(Registered under The Societies Act. Cap. 311)

Auditor’s Responsibilities for the Audit of the Financial Statements (Cont’d)

• Conclude on the appropriateness of management’s use of the going concern basis of

accounting and, based on the audit evidence obtained, whether a material uncertainty exists

related to events or conditions that may cast significant doubt on the Company’s ability to

continue as a going concern. If we conclude that a material uncertainty exists, we are required

to draw attention in our auditor’s report to the related disclosures in the financial statements or, if

such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit

evidence obtained up to the date of our auditor’s report. However, future events or conditions

may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including

the disclosures, and whether the financial statements represent the underlying transactions and

events in a manner that achieves fair presentation.

We communicate with the Management Committee regarding, among other matters, the planned

scope and timing of the audit and significant audit findings, including any significant deficiencies

in internal control that we identify during our audit.

Report on Other Legal and Regulatory Requirements

In our opinion, the accounting and other records required by the Act to be kept by the Company

have been properly kept in accordance with the provisions of the Act.

LEE S F & CO

Public Accountants and Chartered Accountants

Singapore,

HWJ/LSF


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ANNUAL REPORT

2018

37

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018

2018 2017

Note $ $

CURRENT ASSETS

Cash and cash equivalents 3 39,485 48,976

LESS CURRENT LIABILITY

Accruals 4 1,350 1,350

1,350 1,350

Net Current Assets 38,135 47,626

Represented By:

Accumulated Funds 38,135 47,626

The accompanying notes form an integral part of these financial statements


YSA

ANNUAL REPORT

2018

38

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

STATEMENT OF INCOME AND EXPENDITURE

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

2018 2017

Note $ $

Income / Revenue from Activities

Community service projects 4,020 117,347

Intellectual and professional development activities 15,079 15,600

Other income - 15,000

Sports events 24,535 17,584

Conferences and seminars 895 224

44,529 165,755

Cost of Activities

Community service projects 14,237 66,698

Intellectual and professional development activities 9,890 45,747

Sports events 16,540 16,615

Conferences and seminars - 6,572

40,667 135,632

3,862 30,123

Less: Operating Expenses

Advertisements - 85

Accounting fee 650 650

Auditors’ remuneration 700 700

Bank charges 130 100

General expenses - 1,925

Postage and courier services 1,539 1,682

Printing and stationery 2,642 11,090

Refreshments 920 2,650

Sponsorships and donations 2,400 2,504

Transportation 122 -

Website design and maintenance 4,250 8,750

13,353 30,136

(Deficit) for the financial year before taxation (9,491) (13)

Less: Taxation 5(a) - -

(Deficit) for the financial year after taxation (9,491) (13)

The accompanying notes form an integral part of these financial statements


YSA

ANNUAL REPORT

2018

39

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

STATEMENT OF CHANGES IN THE ACCUMULATED FUNDS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

Accumulated Surplus /

Funds (Deficit) Total

$ $ $

As at 1 January 2017 13,440 34,199 47,639

(Deficit) for the financial year after taxation - (13) (13)

As at 31 December 2017 13,440 34,186 47,626

(Deficit) for the financial year after taxation - (9,491) (9,491)

As at 31 December 2018 13,440 24,695 38,135

The accompanying notes form an integral part of these financial statements


YSA

ANNUAL REPORT

2018

40

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

STATEMENT OF CASH FLOWS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

2018 2017

Note $ $

CASH FLOWS FROM OPERATING ACTIVITIES

(Deficit) for the financial year before taxation (9,491) (13)

(Decrease) in trade payables - (3,570)

Increase in accruals - 150

Operating (deficit) before working capital changes (9,491) (3,433)

Tax paid - -

Net cash (used in) operating activities (9,491) (3,433)

NET CHANGE IN CASH AND CASH EQUIVALENTS (9,491) (3,433)

CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 48,976 52,409

CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 3 39,485 48,976

The accompanying notes form an integral part of these financial statements


YSA

ANNUAL REPORT

2018

41

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

1. MISSION

The mission of the Young Sikh Association (Singapore) is to fulfill the aspirations of young

Singaporeans. It reaches out to young Singaporeans with the aim of understanding and

appreciating their aspirations, and integrating these aspirations into the Singapore society

through enhancing mutual understanding on issues of common concern and fostering

friendships across ethnic groups in Singapore, the region and the world.

These notes form an integral part of and should be read in conjunction with the accompanying

financial statements

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a) BASIS OF PREPARATION

the financial statements have been prepared in accordance with Singapore Financial

Reporting Standards (“FRS”). These financial statements have been prepared under the

historical cost convention except as disclosed in the accounting policies below.

the preparation of financial statements in conformity with FRS requires management to

exercise its judgement in the process of applying the Company’s accounting policies. It

also requires the use of certain critical accounting estimates and assumptions.

b) FINANCIAL LIABILITIES

Financial liabilities within the scope of FRS 39 are recognised on the statement of financial

position when, and only when, the Company becomes a party to the contractual provisions

of the financial instrument. Financial liabilities are recognised initially at fair value, plus, in

the case of financial liabilities other than derivatives, directly attributable transaction costs.

subsequent to initial recognition, derivatives are measured at fair value. Other financial

liabilities are measured at amortised cost using the effective interest method.

For financial liabilities other than derivatives, gains and losses are recognised in the

statement of comprehensive income 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 statement of comprehensive income. Net gains or losses on derivatives

include exchange differences.


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ANNUAL REPORT

2018

42

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

FINANCIAL LIABILITIES (CONT’D)

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 comprehensive income.

c) CASH AND CASH EQUIVALENTS

Cash and cash equivalents comprise of cash in hand and bank balances placed with

creditworthy financial institutions.

d) PROVISIONS

Provisions are recognised when the Company has a present obligation where, as a result

of a past event, it is probable that an outflow of economic benefits will be required to

settle the obligation and the amount of the obligation can be reasonably estimated. Provisions

are reviewed at each balance sheet date and adjusted to reflect the current best

estimate. Where the effect of time value of money is material, the amount of the provision

is the present value of the expenditure expected to be required to settle the obligation.

e) TAXATION

Tax expense is determined on the basis of tax effect accounting, using the liability method,

and it is applied to all significant temporary differences arising between the carrying

amount of assets and liabilities in the financial statements and the corresponding tax

basis used in the composition of taxable profit, except that a debit to the deferred tax

balance is not carried forward unless there is a reasonable expectable of realization and

the potential tax saving relating to a tax loss carry forward and unutilized capital allowances

is not recorded as an asset.

Deferred tax is calculated at the tax rates that are expected to apply to the period when

the assets are realized or the liability is settled. Deferred tax is charged or credited to the

profit and loss account. Deferred tax assets and liabilities are offset when they relate to

income taxed levied by the same tax authority.


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ANNUAL REPORT

2018

43

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

f) CURRENCIES TRANSLATION

Functional and presentation currency

Items included in the financial statements of the Company are measured using the currency

of the primary economic environment in which the entity operates (“functional currency”).

The financial statements are presented in Singapore Dollar, which is the Company’s

functional currency.

Transactions and balances

transactions in a currency other than the functional currency (“foreign currency”) are

translated into the functional currency using the exchange rates at the dates of the

transactions. Currency translation differences from the settlement of such transactions and

from the translation of monetary assets and liabilities denominated in foreign currencies

at the closing rates at the date of statement of financial position are recognized in the

statement of comprehensive income.

non-Monetary items measured at fair values in foreign currencies are translated using the

exchange rates at the date when fair values are determined.

g) REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow

to the Association and the revenue can be reliably measured.

Revenue from sports events and donations is recognised in the account on an accrual

basis.

3. CASH AND CASH EQUIVALENTS

For the purpose of statement of cash flows, cash and cash equivalents comprise the following:

2018 2017

$ $

Cash in hand 2,520 2,165

Cash at bank 36,965 46,811

39,485 48,976

The Carrying amounts of cash and cash equivalents are denominated in Singapore Dollars and

they approximate their fair values.


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ANNUAL REPORT

2018

44

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

4. ACCRUALS

2018 2017

$ $

Accounting fee 650 650

Audit fee 700 700

1,350 1,350

5. TAXATION

a) Tax expense

2018 2017

$ $

Current year’s tax expense - -

The income tax expense on the results for the financial year varies from the amount of income

tax determined by applying the Singapore standard rate of income tax to (deficit) before

taxation due to the following factors:

2018 2017

$ $

(Deficit) for the financial year before taxation (9,491) (13)

Tax calculated at a tax rate of 17% (2017: 17%) (1,613) (2)

Expenses not deductible for tax purposes 408 463

Unutilised losses carried forward (6,518) (6,979)

Unutilised approved donations carried forward (765) (765)

Deferred tax asset not recognised 8,488 7,283

- -


YSA

ANNUAL REPORT

2018

45

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

TAXATION (CONT’D)

2018 2017

$ $

Deferred tax assets not recognized:

Unutilised tax losses 7,723 6,518

Unutilised approved donations 765 765

8,488 7,283

Deferred tax assets arising from unutilised tax losses and unutilised approved donations

have not been recognised as the availability of future taxable profit is still uncertain against

which the company may utilize the benefits.

As at 31 December 2018, the Company has unutilised tax losses and unutilised approved

donations of approximately $45,000; $4,000 (2017: $38,000; $4,000) available for set-off

against future taxable profits subject to the provisions of Sections 37 of the Income Tax Act

and agreement with tax authorities.

b) Movements in provision for taxation for the financial year are as follows:

2018 2017

$ $

Balance at beginning of the financial year - -

Current year’s tax expense - -

Income tax paid - -

Balance at end of the financial year - -

6. FINANCIAL RISKS AND FAIR VALUES

The Association is exposed to financial risks arising in the normal course of association

operations.

a) Liquidity risk

The Association monitors and maintains a level of cash and cash equivalents deemed

adequate by the Management Committee to finance the Association’s operations and

mitigate the effect of fluctuations in cash flow.


YSA

ANNUAL REPORT

2018

46

YOUNG SIKH ASSOCIATION (SINGAPORE)

(Registered under The Societies Act. Cap. 311)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

FINANCIAL RISKS AND FAIR VALUES (CONT’D)

b) Interest rate risk

The Association is not exposed to interest rate risk as it has no interest-bearing

borrowings.

c) Credit risk

Cash is placed with creditworthy financial institutions. The maximum exposure to credit

risk is represented by the carrying amount of each financial asset in the balance

sheet.

d) Fair values

The fair values of financial assets and financial liabilities approximate the carrying

amounts of those assets and liabilities reported in the balance sheet.

7. OTHER INFORMATION

YOUNG SIKH ASSOCIATION (SINGAPORE) is registered under Societies Act. Cap. 311 with its

registered office at Sikh Centre, 8 Jalan Bukit Merah, Singapore 169543.

8. AUTHORISATION OF FINANCIAL STATEMENTS FOR ISSUE

The financial statements for the financial year ended 31 December 2018 were authorised for

issue by the Management Committee on


YOUNG SIKH ASSOCIATION (SINGAPORE)

FULFILLING ASPIRATIONS…

Young Sikh Association (Singapore) or YSA was established in August 2003 to fulfill the aspirations of young

Singaporeans.

YSA reaches out to young Singaporeans with the aim of understanding and appreciating their aspirations, and

integrating these aspirations into the Singapore society through enhancing mutual understanding on issues

of common concern and fostering friendships across ethnic groups in Singapore, the region and the world.

Objectives

• To enhance understanding of national issues among young Singaporeans and to encourage them to

contribute to the betterment of our society as thoughtful and responsible citizens.

• To provide platforms for young Singaporeans to strive for intellectual and professional development.

• To strengthen inter-racial friendship and harmony by organising and actively participating in intercommunity

activities.

• To foster community spirit among young Singaporeans through community service at home and abroad.

• To build networks with local and international youth groups so as to foster national identity and a global

mindset among young Singaporeans.

Programmes

As a totally independent youth organisation, YSA’s programmes are initiated by young Singaporeans for

young Singaporeans in particular, and Singapore society in general.

From lectures, dialogue sessions, seminars and professional development workshops to bhangra

competitions, cultural shows and sports activities, they choose their avenues of aspiration and integration.

• Conferences and Seminars

• Intellectual and Professional Development

• Community Service

• Culture

• Sports

Membership

• Ordinary Membership: For Sikhs and non-Sikhs from the ages of 16 to 50 years residing in Singapore. They

have the right to vote.

• Associate Membership: For Sikhs and non-Sikhs of all ages residing in Singapore. They are not eligible to

vote.

Young Sikh Association (Singapore)

c/o Sikh Centre

8 Jalan Bukit Merah, Singapore 169543

Tel : (65) 6327 2007/5 Fax : (65) 6327 2009

Email : enquiry@ysas.org Website : www.ysas.org

Young Sikh Association – Singapore @ysa.sg

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