YSA Annual Report 2018
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<strong>YSA</strong><br />
ANNUAL REPORT<br />
<strong>2018</strong><br />
38<br />
YOUNG SIKH ASSOCIATION (SINGAPORE)<br />
(Registered under The Societies Act. Cap. 311)<br />
STATEMENT OF INCOME AND EXPENDITURE<br />
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER <strong>2018</strong><br />
<strong>2018</strong> 2017<br />
Note $ $<br />
Income / Revenue from Activities<br />
Community service projects 4,020 117,347<br />
Intellectual and professional development activities 15,079 15,600<br />
Other income - 15,000<br />
Sports events 24,535 17,584<br />
Conferences and seminars 895 224<br />
44,529 165,755<br />
Cost of Activities<br />
Community service projects 14,237 66,698<br />
Intellectual and professional development activities 9,890 45,747<br />
Sports events 16,540 16,615<br />
Conferences and seminars - 6,572<br />
40,667 135,632<br />
3,862 30,123<br />
Less: Operating Expenses<br />
Advertisements - 85<br />
Accounting fee 650 650<br />
Auditors’ remuneration 700 700<br />
Bank charges 130 100<br />
General expenses - 1,925<br />
Postage and courier services 1,539 1,682<br />
Printing and stationery 2,642 11,090<br />
Refreshments 920 2,650<br />
Sponsorships and donations 2,400 2,504<br />
Transportation 122 -<br />
Website design and maintenance 4,250 8,750<br />
13,353 30,136<br />
(Deficit) for the financial year before taxation (9,491) (13)<br />
Less: Taxation 5(a) - -<br />
(Deficit) for the financial year after taxation (9,491) (13)<br />
The accompanying notes form an integral part of these financial statements
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