Annual Report of Sufficient Foundation

for the Year 2010

������������ (SUFFICIENT FOUNDATION)

Feb 2010

In Feb 2010, Mr Leong Seng Kok and the Foundation Committee members discussed

and agreed on the plans, objectives and budget for the Foundation for the year 2010,

as follows:

a. Doisaket Learning House project – the land for Doisaket Learning House

is currently in Ms Sophawan Wattanasilkul’s name. It is currently not

known whether Ms Sophawan will transfer the land to Sufficient

Foundation or to another Foundation. However, for the next 5 years,

Sufficient Foundation hopes to raise enough funds to help support the

welfare programmes of Doisaket Learning House (Elderly Programme,

Nursery Programme, Creative Kids Programme for street children),

estimated to be about THB 200,000 each year. For 2010, the Foundation

hopes to sponsor a vehicle for use by Doisaket Learning House, costing

not more than THB 200,000.

b. Doi Ngam Office project – the Foundation hopes to build a small office

with simple accommodation on the land (located in Doisaket district) that

is already purchased by the Foundation last year, provided funds are

available in 2010. If not, the project will be postponed to 2011.

Mar 2010

In Mar 2010, Mr Leong Seng Kok informed the committee members that after several

rounds of discussion with donors of the property at 259, M.12, Chengdoi, Doisaket,

Chiangmai, where Doisaket Learning House is situated, it has been decided in early

Mar 2010 that the owner of the property, Ms Sophawan Wattanasilkul, will transfer

the entire property (land and bulding) to Sufficient Foundation in April this year.

Once the transfer is completed, Doisaket Learning House property and operations will

come under Sufficient Foundation, as a core project of the Foundation. The committee

members concurred with the decision.

Mr Leong Seng Kok updated everyone that Mr Prasarn Chaisrimonthon, Mr Sorasak

Rakniran and himself had helped Sufficient Foundation to purchase a 19-year-old

truck (Toyota Mighty-X, red colour) at a cost of THB 143,000 in Feb 2010, according

to the objectives of the Foundation for this year. The truck will be used for Doisaket

Learning House project.

Apr 2010

In Apr 2010, Mr Leong Seng Kok updated the committee members that Ms Sophawan

Wattanasilkul, owner of the Doisaket Learning House property (land titledeed no.

41106) at address 259, M.12, Chengdoi, Doisaket, Chiangmai, had transferred the

entire property (land and building) to Sufficient Foundation on 26 Apr 2010. Mr

Leong had represented the Foundation to receive the property and titledeed from the

land office in Doisaket district. The Foundation did not have to pay for the transfer

fee, which cost about THB 106,000. The titledeed is now kept at the Foundation

office.

Starting from 1 May 2010, the operations of Doisaket Learning House project will

come under Sufficient Foundation, since the entire property of Doisaket Learning

House has already been transferred to Sufficient Foundation. This project includes

running a nursery for young children, a club for underprivileged children/youths, and

programmes for elderly in the community. According to the Foundation’s budget plan

for 2010, the Foundation will be supporting the operating costs of Doisaket Learning

House, at about THB 20,000 per month.

Mr Leong Seng Kok updated everyone that the truck belonging to the Foundation that

was converted into a taxi was registered successfully on 31 Mar 2010, under the

category of “vehicle for sitting private individuals more than 7 persons”. The truck

will be used at the Doisaket Learning House project to fetch elderly persons who want

to come for the programmes (there will be no charge for fetching the elderly), as well

as the nursery children who require transportation to and from the nursery (a small fee

may be charged for fetching children).

May 2010

In May 2010, Mr Leong Seng Kok updated the committee members that owner Ms

Sungwan Yeo of property at 325, M.2, Sansainoi, Sansai, Chiangmai, where the main

office of Sufficient Foundation is registered, will be selling the property to a buyer

soon. The committee members then discussed and agreed to relocate the main office

of Sufficient Foundation, with effect from 1 June 2010, to Doisaket Learning House

which is located at 259, M.12, Chengdoi, Doisaket, Chiangmai, and which is now

owned by Sufficient Foundation. Doisaket Learning House became a core project of

Sufficient Foundation since 1 May 2010.

As for the land (titledeed no. 31136) at Papong, Doisaket district, which Sufficient

Foundation had bought in Dec 2009 (before Doisaket Learning House was transferred

to Sufficient Foundation), the committee members maintained that a branch office of

Sufficient Foundation will be built on the land, complete with simple accommodation

for volunteers of the Foundation (as agreed by the committee last year), once enough

funds have been raised for the construction cost of the branch office. The branch

office will oversee other smaller projects of Sufficient Foundation in the future, while

the main office will oversee the core project of Sufficient Foundation (the Doisaket

Learning House project).

Aug 2010

In Aug 2010, Mr Leong Seng Kok updated the Committee members that Sufficient

Foundation has raised funds of THB 585,000 for the construction of a Branch office

of the Foundation on the land (titledeed no. 31136 at Papong, Doisaket district) which

the Foundation had bought in December 2009.

On 17 August 2010, Mr Leong Seng Kok updated the Committee members that, since

1 March 2010, Gethsemane Nursery at Doisaket Learning House had opened its

services to the community for children aged 1 to 3 years old. At this present time,

Gethsemane Nursery has a total of 8 children who come regularly to the Nursery.

Following government regulations from the Ministry of Social Development and

Human Security dated 2003, Nurseries are required to apply for permission to operate

from the ministry once the Nusery has 6 or more students (who are not relatives of the

Owner nor the Operator of the Nursery). In order to be able to register a Nursery, the

Nursery must employ an Operator who has testimonial of relevant working experience

or have experience working with Nursery for at least 1 year.

Mr Leong informed the Committee members that Ms Somredi Panyawong (employed

under Doisaket Learning House as Nursery Executive since 10 May 2010) has ever

worked in a Nursery for about a year. Ms Somredi has a certificate of studies in

subjects regarding child development as well as accounts. As such, the Committee

agreed that Ms Somredi will be the Operator for Gethsemane Nursery.

Sep 2010

In Sep 2010, Mr Leong Seng Kok proposed the construction plans for the Branch

Office of Sufficient Foundation, which was drawn up by Nat Construction, for the

Committee members’ consideration (following the Foundation meeting on 3 Aug

2010). Mr Leong informed the Committee members that the contractor Mr Sri

Chumpu has given a quotation for the construction (single-storey building with 2

rooms, complete with fence) at 582,500 baht inclusive of 3 percent tax. The

Committee members were agreeable to the proposed construction plans and quotation.

On 28 September 2010, Mr Leong Seng Kok updated the Committee members that

the Foundation has received the Building Permit for construction of the Foundation

branch office (with accommodation) from the sub-district Office of Papong, Doisaket

district, on 21 September 2010. On 24 September 2010, a contract was signed

between the Contractor Mr Sri Chumpu and Mr Leong Seng Kok as representative of

the Foundation. Ms Sharon Goh informed the Committee members that the land

belonging to the Foundation (titledeed number 31136) on which the branch office will

be built has already been measured and demarcated by officers from the Doisaket

Land Offfice on 1 September 2010.