YMCA Singapore Annual Report 2010

Touching Lives,Lifting Spirits

2010ANNUAL REPORT

YMCA of SingaporeMission StatementYMCA 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 BasisFoundation 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 21Adopted 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

Contents

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

Committees 1President’s Message 2Board of Directors 4Management Team 5Serving God, Serving Men 6Sharing and Enabling Others 12Sowing Seeds, Developing Social Capital 16

Enriching Our Members 19Our Social Enterprises 24International Fellowship 28Fundraising 29Thanksgiving 30Corporate Governance 32Financial Statements 35

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.

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.

Committees We would like to express our deepest appreciation to all the following Chairmen, Vice-Chairmen,

Committee members and Secretariats for their efforts and contributions.

Audit CommitteeMr Peter Tay Yew Beng ChairmanMr David Wong Cheong Fook Mr Samuel Chan Wei Mun Mr Tan Eng Beng Dr Tan Sze Wee Ms Jacqueline Han Secretariat

Nominations CommitteeMr Eric Teng Heng Chew ChairmanMr Chew Kwee SanMr David Wong Cheong FookMr Ed Ng Ee PengMr Lee Liat ChengDr Robert Loh Choo Kiat Mr Tay Puan SiongMr Albert L H Ching Secretariat

Christian DevelopmentMr Dennis Lee Poh Wah ChairmanMr Teo Zi-Ming Vice ChairmanMr David Leong Mr Edward Ong Keng Wan Pastor Jason Lim Mr Lawrence Ko Mr Martin Tan Ms Packiam Williams Rev David Burke Hon. ChaplainRev Melvin Huang Hon. ChaplainMs Seraph Ng Secretariat

YMCA Education Mr Kenneth Tan Chih-Sien Chairman Mr Tay Puan Siong Vice ChairmanDr 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 HouseMr Peter Sim Swee Yam ChairmanMr Lee Liat Cheng Vice ChairmanMr Choe Peng Sum Mr Derek Kuek Dr Ivor ThevathasanMs Karen Tan Ms Packiam Williams Mr Martin Chan Mr Tan Eng Beng Ms Tan Tjioe Jan Mr Gerald Lim Secretariat

Programmes & Community ServicesMr Chew Kwee San ChairmanMr 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 BridgeMr Eric Teng Heng Chew ChairmanMr David Wong Cheong Fook Mr Dennis Lee Poh Wah Mr Edward Ong Keng Wan Ms Packiam Williams Ms Peace WongMr Teo Zi-Ming Ms Shirley Law Secretariat

Fundraising / YMCA-Lim Kim San Volunteers Programme FundDr Robert Loh Choo Kiat ChairmanMr Eric Teng Heng Chew Deputy

ChairmanAll Board Directors Ms Sivian Look Secretariat(till Sep 2010) Ms Belinda Choo Secretariat(from Nov 2010)

YMCA Financial Assistance & Capability for Employment SchemeMr Steven Chia Oon Seet ChairmanMr 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 PersonMs Amanda Lim Secretariat

YMCA-NUS Business School Volunteer Service Management ProgrammeMr Tay Puan Siong ChairmanProf 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 CommitteeMr Ed Ng Ee Peng ChairmanMr David Lua Soo Theng Mr Peter Tay Yew Beng Mr Stephen Loh Sur Yong Mr Chew Kwee San Ms Sharon Teo Secretariat

Tender CommitteeMr Chew Kwee San ChairmanMr Samuel Chan Wei Mun Dr Tan Sze Wee Mr Tay Puan Siong Ms Mariani Tjhin Secretariat

11th YMCA Charity Golf 2010Dr Thomas Choong ChairmanMrs 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 2010Dr Tan Sze Wee ChairmanMr 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 2010Mr Kenneth Tan Chih-Sien ChairmanMr 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 EnglishSpeaking Awards 2010Mr Teo Eng Cheong ChairmanMr 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 2010Dr Tan Sze Wee ChairmanMr 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 SecretariatMs Grace Tan SecretariatMr Jimmy Ong SecretariatMs Genevieve Chen Secretariat

Citi-YMCA Youth For Causes (Selection & Awards Committee) 2010Mr 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) 2010Ms Adeline Ong FangMr Alvin PhuaMs April ChinDr Benjamin TanMr Bhasker MisraMs Carole NgMs Caren LeeDr Chan Si MinMr Cheng Sai WingMs Cheryl ChenMr Christopher LockMs Clarissa ChngMr Charlie BrownMr Chee Heng LoonMs Chen Hui HiongMr Dennis Lee Poh WahMr David ThamMr Deepu Joseph Mr Ernest Chen Hai Siang Ms Eunice TanMs Grace TanMr Gordon HargreaveMr Heng Aik YeowMr James ThamMs Jacquelyn TanMr Jeffery HingMr Jerome HewlettMr Kenneth GoiMs Lee Yan HongMr Leslie Wong Kin WahMs Loo Tze LuiMr Marc NaiduMr Matthew SawMr Nicolas ChuaMs Ng Hau YeeMs Nonnita HargreaveMr Ong Kian MinMr Ong Yu-PhingMr Owen HawkesMr Quek Kwang YongMr Reine BooysenMr Reuben LeeMr Richard YeoMr Samuel Chan Wei MunMs Sonali VermaMr Steven Chia Oon Seet Mr Suresh DivyanathanMr Tam Chee ChongMs Tania GinMr Tan Ee ChianMs Tan Ee ChingDr Tan Sze WeeMr Teo Cheng WoonMr Thomas PramotedhamMr Timothy Mak

National Council of YMCAs of SingaporeDr Robert Loh Choo Kiat President Mr Stephen Loh Sur Yong Vice PresidentMr Eric Teng Heng Chew Hon. TreasurerMr Ernest Chen Hai Siang Hon. Internal

Auditor Mr David Lua Soo Theng Council MemberMr Eric Chan Aik Leong Council Member Mr Albert L H Ching Hon. National

General Secretary

Uni-Y @ Singapore Management University EXCOMs Elyna Vijay President Mr Oliver Loke Jia Wen Deputy President Ms Lim Hui Ying Deputy PresidentMs Camille Ann GeorgeMs Rachael Teh Yin PingMs Tricia Tan Pei ShiMs Boey Sook Yarn SophieMs Jeanne Yeo ZhiyuanMs Jacqueline Tan ZijunMs Chang Ee LinMs Valerie Ong Si HuiMs Nomis Lim Yee KeongMr Choong Ciyuan, RemiMr Loh Yao ShengMr Yoon Jia Sheng JamesMr Lie Daicheng, NickMs Delia Ng Wan-yiMr Chow Kok Yew, Lionel

Uni-Y @ National University Singapore EXCOMs May Anne Cheong PresidentMs 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 EXCOMr Huang Junming PresidentMs Eunice Chew Deputy PresidentMr 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 EXCOMr Tran Phuoc Minh PresidentMr 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 PresidentMr S.Jayaram Vice President, EducationMr Peter Ng Vice President, EducationMr Rudy Tandy Vice President, MarketingMs Yukiko Oikawa Vice President, Public RelationsMs Sim Wei Shan TreasurerMs Mylene Feng SecretaryMr Harvin Kaur Sergeant at armsMr Chew Ban Seng Immed Past President

and ExCo AdvisorMr 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. TreasurerMs Patricia Lim Treasurer & Inventory DirectorMr David Lua Soo Theng Programme DirectorMr Edward Ong Keng Wan Project DirectorMs Susan Lim Membership Director Ms Chan Boon Sim Fellowship DirectorMr Yutaka Kakishima Publicity Director

YMCA Folk Dance Group Mr Michael Kitara Tay President(Maitree)Ms Carrie Chen Vice PresidentMs Molly Lim TreasurerMs Donica Aw SecretaryMs Irene Teo Assistant Secretary

YMCA Annual Report 2010 1

President’s Message

Mr Stephen LohPresident

YMCA of Singapore

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 performanceYMCA 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 serviceOver 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.

Serving God, serving menIn 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.

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 post-earthquake community.

Sharing and enabling othersWe 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

2 YMCA Annual Report 2010

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.

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

Word of ThanksOn behalf of the YMCA of Singapore, I thank our Patron-in-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.

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

STEPHEN LOHPresident

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

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.

Sowing seeds, developing social capitalAs 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 membersWe continued to connect people together with a Christ-centred 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.

Our social enterprisesAs 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.


Board of Directors

1. Mr Tan Eng Beng2. Dr Ben Leong3. Reverend David Burke4. Mr Leslie Wong Kin Wah5. Ms Packiam Williams6. Mr Peter Tay Yew Beng7. Mr Kenneth Tan Chih-Sien

Patron-in-ChiefHis Excellency S R Nathan President of the Republic of Singapore

Office BearersMr Stephen Loh Sur Yong President

Mr Ed Ng Ee Peng Vice President

Mr Chew Kwee San Treasurer

Mr Albert L H Ching General Secretary

Executive CommitteeMr Stephen Loh Sur Yong President

Mr Ed Ng Ee PengVice President

Mr Chew Kwee San Treasurer

Mr Albert L H Ching General Secretary

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

Board TrusteesDr Robert Loh Choo KiatMr Lee Liat ChengMr Cecil V R WongMr Sim Miah Kian

Honorary Life Members Minister Mentor Lee Kuan YewMr Harold ShawMr Shaw Vee MengMr Sim Miah Kian

Honorary ChaplainsRev David Burke (Pastor-in-charge, Orchard Road Presbyterian Church)

Rev Melvin Huang (Senior Pastor, Wesley Methodist Church)

Honorary Legal CounselsMr Peter Sim Swee Yam Mr Laurence John Wee

8. Mr Dennis Lee Poh Wah9. Mrs Magdalene Sik Swee Hiang

10. Mr Bryan Tan Suan Tiu11. Mr Ernest Chen Hai Siang12. Reverend Melvin Huang13. Mr Teo Zi-Ming14. Mr Samuel Chan Wei Mun15. Dr Tan Sze Wee

16. Mr Steven Chia Oon Seet17. Mr Eric Teng Heng Chew18. Mr Ed Ng Ee Peng19. Mr Stephen Loh Sur Yong20. Mr Chew Kwee San21. Dr Robert Loh Choo Kiat22. Mr Peter Sim Swee Yam23. Mr Albert L H Ching

1 2 3

16 17

4 5

18

6 7

19 20

8 9 10

21

11 12

2223

13 14 15


Ms Claris OonManager

Head of Department

HR & Admin

Mr Philip YeoManager

Head of Department

Building Services & Housekeeping

Ms Jacqueline Tan

Manager

Head of Department

Lifestyle Programmes

Mr Lim Chai Boon

General Manager

Division Head

Corporate Services

Mr Jimmy OngManager

Head of DepartmentYouth Development

Ms Gladys FooSenior Manager

Head of DepartmentVolunteers Programme

Management Team

Mr Andrew LeoSenior ManagerHead of DepartmentInternational Programmes

Ms Shirley LawManagerHead of DepartmentYMCA Project Bridge

Ms Belinda ChooManagerHead of DepartmentCorporate Affairs

Ms Mariani TjhinAssistant ManagerHead of Department (Acting) Finance

Ms Lynette YeoGeneral Manager

Division HeadYMCA Education Services

Ms Seraphine Ann ChiaVice PrincipalYMCA School

Ms Helen TanPrincipal

YMCA School

Mr Vincent Chan

Manager

Administration

YMCA Education Services

Mr Gerald LimGeneral Manager Division HeadYMCA International House

Ms Elsie Kwow

Senior Manager

Head of Department

Rooms & Marketing

Mr Albert L H Ching

General Secretary

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


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.

“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.”

Teo Wan Qi, 25Y Arts Challenge volunteer

“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


Y Outings

Y Visits

Y Confidence

Serving the local communityWe 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:

structured and sustained 17YMCA-Tan Chin Tuan Community Service Programmes

Served 2,435 local beneficiaries from 34 partnering voluntary welfare organisations

Mobilised over 4,900 regular and ad-hoc volunteers

who committed over 62,000 volunteer hours

contributing $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

YMCA-NBA FIT Clinic

Y Camp Challenge

YMCA Proms @ the Park

Y Arts Challenge


Y Reading Clubs

Highlights

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

• Quarterly YMCA Proms @ the Park for a total of 580 beneficiaries

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

• Facilitated 80 youths from 9 partnering VWOs to join the first ever YMCA-NBA FIT Clinic in Singapore

YMCA Opera Treats

YMCA-Tan Chin TuanCommunity Service Programmes

YMCA-TAN CHIN TUAN COMMUNITY SERVICE PROGRAMMES:

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

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

Y Confidence • Y Camp Challenge • Y Photo Club • Y Movie Treats

YMCA Opera Treats • YMCA Festival of Love • YMCA Project Bridge


Y Camp Challenge


Partnering VWOs and self-help groups in 2010:

1. Association for Persons with Special Needs - Centre for Adults2. Association for Persons with Special Needs - Delta Senior School3. Asian Women Welfare Association 4. Blue Cross Thong Kheng Home5. Bishan Home for the Intellectually Disabled6. Care Corner - Teck Ghee Youth Centre7. Care Corner - Senior Activity Centre (Toa Payoh)8. Chen Su Lan Methodist Children’s Home9. Christalite Methodist Home 10. Christian Outreach to the Handicapped 11. Children At Risk Empowerment 12. Grace Orchard School13. Handicaps Welfare Association14. Ju Eng Home for Senior Citizens15. Kits4Kids16. Lakeside Family Service Centre17. MacPherson Moral Family Service Centre18. Metta School19. 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’ Hostel25. 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 Tent32. Y D Generation33. YMCA Project Bridge34. Y STARS (YMCA Special Talents, Arts &

Recreation Society)


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.

“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!”

*ShamY Apprenticeship graduate

*Names have been changed to protect their identities.

Y Employment & Y Apprenticeship graduates


• 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!”

Father of *Amran YMCA Project Bridge client


• $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

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

YMCA Project BridgeA 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.

YMCA FACESThrough 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.

Skills development

Adventure Camp


Teaching English

• China • Vietnam • Cambodia • Thailand • Sri Lanka

YMCA International Service ProgrammesImpact and outreach in 2010:

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.

Interacting with orphans in Cambodia

37% increase in volunteer participation vs 2009

953 YMCA volunteers committed 62,784 hours of service

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

in touching the lives of 4,770 people *based on the average wage of $20 per hour of a service sector employee - Source: NVPC, Dec 2010

Serving beyond our shoresIn 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.


Mobile clinic in Sri Lanka

Migrant children in Shanghai

Group learning in Vietnam

YMCA Rebuilding Communities Programmes

Highlights

China

• 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.

Sri Lanka

• 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.

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.

China

• 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

• 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.

Improving living conditions

Medical mission


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.

“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”

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

“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”

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


Street sales

“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 ZinkCountry 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.”

Shankar Nath JhaMentor, Team Books of Hope

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.

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

CITI-YMCA YOUTH FOR CAUSESIMPACT AND OUTREACH IN 2010

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*

Street campaign

Creating awareness

Team fund raising YMCA Annual Report 2010 13

YMCA Leadership andManagement Programme

Developing capabilities of volunteersYMCA 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

YMCA-NUS Business School Volunteer Service Management Programme

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.

56 participants from 20 VWOs participated in 2010

“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.”

Mr Haja MaideenGeneral Secretary, United Indian Muslim Association

New volunteer training programmes in 2010:

YMCA Volunteer Leaders’ Training CampTargeted 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.

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.

iLEAP professional course for non-profit leaders

In partnership with the Lien Centre for Social InnovationYMCA 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.

YMCA Volunteer Leaders’

Training Camp


Volunteer crew

Dr Vivian Balakrishnan salutes volunteers on IVD

Volunteers from Citi singing to the elderly

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.

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.

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.”

Anita Louise Tax Risk Management, PricewaterhouseCoopers

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

SCDF hosts beneficiaries

at a fire station

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.

Corporate Volunteerism

Saluting volunteers6,500 volunteers honoured on International Volunteer Day


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

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 service, social entrepreneurship, character and confidence building programmes, and more.

“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.”

Jack Tan President, Hi-Y


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.

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.

,,

Freshman orientation camp with beneficiaries

Training for Y Camp Challenge

Door to door collections for community recycling projects

Youth DevelopmentUni-Y and Hi-Y

4 clubs 441 membersCommitted 4410 volunteer hoursContributing $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.

Mr George Yeo

addressing volunteers

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


Working in USA

Inbound Exchange Programme

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

Highlights of other YMCA youth development platforms:

YMCA Speaking AwardsComprising 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).

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.

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

YMCA Exchange ProgrammesIn 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.

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.

Speaking with confidence

24th YMCA PESA Awards Ceremony


Enrichingour members

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

Proverbs 11:25

Being a membership-based service organisation, YMCA strives to engage every member as volunteers and every volunteer to join us as members.

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.

“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 LimYMCA Member

“Thanks for organising the really great weekend – I really enjoyed THE WHOLE TRIP... laughed a lot – we were also well prepared during the pre-trip 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.”

Audrey Lau, 53Y Adventures: Endau Rompin participant


YMCA Lifestyle ProgrammesHighlights

Fitness & Dance

1,398 subscriptions for dance programmes

424 subscriptions for fitness programmes

454 gym users with 7% subscribed to personal training programmes

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.

Sports: Golf

136 golfers for YMCA Golf Fellowship

Sports: Fencing

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 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 40 joined the inaugural YMCA Sparring Camp from 6 to 9 December 2010.

Dance Programme

YMCA MembershipAs 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

Balloon sculpting workshop

Highlights

• 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.

• 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.

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.

Chocolate making workshop

3rd YMCA International Fencing Cup

YMCA fencing coach Maria Bobok

Fitness programme


Outdoor Adventure (Intergenerational Programme Series)

522 participants on 35 trips

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.

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

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

Outdoor Adventure

Y Treks:

681 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).

“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!”

Tan Tze-EngY Treks: Shangri-La participant

BikeYworks:282 participants

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.

“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!”

Aloysious NgBikeYex Chiangmai participant

Y Ski: 106 participants

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

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.

“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

Y Treks: Nepal

Participants aged 6 to 69. Y Treks: Hong Kong


YMCA ClubsHighlights

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.

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.

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.

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.

YMCA Folk Dance Group

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.

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.

YMCA Folk dance group

Conversational English Classes

YMCA Toastmasters Club members

Volunteering for coin sorting during

YMCA Flag Day


Y Knot

Highlights

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

• 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”.

• 260 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 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).

• 270 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.

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

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 LimPublic Lecture attendee

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

Cynthia Tan Youth

GROW staff devotion

YMCA Public Lecture

“YMCA Fulfilling a Christmas Wish”


YMCA Social EnterprisesNurturing With Passion, Hospitality With A Heart

“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

YMCA runs two social enterprises. YMCA Education Services 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.

“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.”

Srinivasan ChintaSenior Project Manager, Spec Tec Asia Pacific Pte Ltd

“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!”

Jennifer ObokataCanada


YMCA School

Graduates of Strathclyde MBA programme at YMCA

Highlights

• Accredited with EduTrust and ISO

• Offers GCE ‘O’ Level Academic Courses and Preparatory Classes

• 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.

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.

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

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

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.”

“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.”

Mabel Hui English Preparatory Class Advance Student

“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 Tertiary

Bonding time at “MELTZ”


Chinese Calligraphy competition

YMCA Child Development Centres & Student Care Centres

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

• 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

• Organised Teachers’ Day Celebrations

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

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

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.

“YMCA CDC teachers are very patient. My child has shown greater interest in learning especially in Chinese Language.”

Mdm Yee C SParent of Kelly Tan (K2 student at Bukit Batok YMCA CDC)

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 focusing on va lue, character bui ld ing and ser v ice learn ing. Educat ionalexcursions, 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.”

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

“Stacking Crazy Cups” activity

Annual graduation concert


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.

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.

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

The new rooms garnered very favorable feedback from our guests.

Privileged use of Facilities

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 gues ts a p l ace to mee t o the r international travelers and to keep in touch with friends and family through internet connectivity.

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

Judi Kunstek (retiree) Melbourne, Australia

The YMCA International House

Y Café

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.

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

YMCA International House @ One Orchard

A preferred Home away from Home

Function Rooms and Auditorium

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.

“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.”

Yunani Zainal Jawa Barai, Indonesia.

Roof top swimming pool Y Café Lobby of the YMCA International House


22nd YMCA Festival of Sports

Youth delegates at the APAY

Executive Committee meeting in HK

YMCA of Singapore delegation in HK for the

17th World Council conference

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;

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

10 - 13 March

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

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”.

30 April - 2 May

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

23 - 24 October

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

28 - 31 October

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

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.


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.”

2 Corinthians 9:8

Dazzling into 2010 @ Grand Copthorne Waterfront Hotel, 1 January 2010

$107,623 raised for YMCA Project Bridge Organised by Mrs Swee Wong

11th YMCA Charity Golf @ Tanah Merah Country Club on 30 July 2010Presented by NTUC FairPrice Foundation Ltd

Over 140 golfers in 36 flights

$192,618 raised for the YMCA-Lim Kim San Volunteers Programme FundCorporations 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,

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

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

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

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

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

$228,848 raised forthe YMCA-Lim Kim San Volunteers Programme FundJointly organised by YMCA and the Institute of Southeast Asian Studies (ISEAS)

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

YMCA Flag Day

Launch of “Lim Kim San: A builder of Singapore”

Dazzling into 2010

11th YMCA Charity Golf


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

1 Thessalonians 1:2

Corporate Donors$200,000 and aboveTan 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 LtdLee Foundation Lum Chang Building Contractors Pte LtdPSA International Pte Ltd Serene Land Pte Ltd Singapore Press Holdings Foundation LtdSkyway Credit & Leasing Pte Ltd

$5,000 and above Accenture Pte LtdAntics @ 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 LimitedPhillip Securities Pte Ltd PowerSeraya Ltd PricewaterhouseCoopers LLP Procter & Gamble Asia Pte Ltd Sim Law Practice LLC Singapore Press Holdings LtdSinochem International (Overseas) Pte LtdSource 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 LtdMoulmein Citizen’s Consultative CommitteeNanyang Technological University Alumni ClubNational Trades Union Congress NTUC Income Insurance Co-operative LimitedRobert Khan & Co Pte Ltd Rolex Singapore Private Limited Singapore Post LimitedThe Hongkong and Shanghai Banking Corporation Limited The National University of Singapore SocietyToyochem Ink Pte Ltd

$500 and above Addicon Logistics Management (S) Pte LtdB&Jo Enteprise Pte LtdCrimsonLogic Pte Ltd David Yeung & Co. PACFuji Xerox Singapore Pte Ltd Intellectual Ventures Asia Pte Ltd Jason Electronics Pte Ltd Portek International Ltd Qbe Insurance (International) Ltd Sashi Kala Devi AssociatesSingapore General Hospital Southern Star Singapore Pte Ltd The Nielsen Company (Singapore) Pte LtdToppan Security Printing Pte LtdTransview Golf Pte Ltd Tricor B O-Nice System (S) PL United Premas Limited

$100 and above Davis Langdon & Seah Singapore Pte LtdDL Corporate Advisors Pte LtdFoo 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 HiangPoon 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.


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-kind77th Street (S) Pte LtdAEGIS Insurance Services Pte LtdAsiapac Books Pte LtdAT Reservation Network Pte LtdAxton Pte LtdBank of Singapore LimitedBatam View Beach ResortBorneo Motors Singapore Pte LtdByteworks International Pte LtdCanon Singapore Pte LtdChampionship Golf AcademyCitibank Singapore LimitedCortina Watch Pte LtdCrystal Time (S) Pte LtdDelpi Marketing Resources (S) Pte LtdEast Town Gasmart Pte Ltd Estée Lauder Evar Air-Conditioning & Engrg Pte LtdF&N Foods Pte LtdFrasers Hospitality Pte LtdFrolickFurama Hotels International ManagementGE Capital Singapore Holdings Pte LtdGeneral Mills Sales Singapore Pte Ltd

Haw Par CorporationHilton SingaporeI Pacific Office Pte LtdIndah Puri Golf ResortIpic Security & Investigation Pte LtdJP Pepperdine Group Pte LtdKhong Guan Biscuit Factory (S) Pte LtdLago Catering ServicesLim Kim Seng Food Supplier Pte LtdLollipop Art StudioLumineux Party RentalsMACS-UIB Insurance Brokers Pte LtdMaxias Pte LtdMcDonald’s SingaporeMicrosoft CorporationNaili Printing IndustryNational Council of Social ServiceNew Ubin SeafoodNTUC FairPrice Foundation LimitedOrchid LaundryPanpac Education Pte LtdPansing Distribution Pte LtdPetra Foods LimitedQuantum Reservation Pte LtdReader’s DigestRenown Print ServicesRoyal Selangor (S) Pte LtdSingapore Press Holdings LtdSouthLinks Country ClubSpa FuramaSprinkler Fire Systems Pte LtdTai Hua Food Industries Pte LtdTan Chin Tuan FoundationTan Meng Yew Electric CoTaylorMade Golf CompanyTeba Engineering & EnterprisesTelechoice International LimitedThe Hongkong and Shanghai Banking Corporation LimitedThirtythree Pte LtdTransview Golf Pte LtdV.C. Edwardt Pte LtdXi Yan Private DiningYakult Singapore Pte LtdYMCA FinanceYMCA International HouseYong Wen Food Industries (S) Pte Ltd

Individual donors-in-kindAlbert L H ChingClaris OonDennis Lee Poh WahElsie KwowEric Chan Aik Leong Helen TanHo Lye Heng Lin SuHui Denise Ooi KellyParents of Jeremy Teng Jun JieParents of RaeAnne ChooPeter Sim Swee YamTan See KeatTeo 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.


Corporate GovernanceRegistration 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.

Election of Officer Bearers

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.

Executive Committee

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.

Standing Committees

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.

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.

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.


YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E)

(IPC No. : IPC000399)AND ITS SUBSIDIARY

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

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

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.

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FINANCIAL YEAR

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1,400

1,200

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800

600

400

200

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Programme Deficit

Donation

Internal Resources*

Surplus to Funds

2006 2007 2008 2009 2010

625

1,230

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54194

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1,141 1,063

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Programme Deficit Against Donation


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.

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.

Whistle Blowing Policy

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:

1. Corruption;2. Acts of fraud;3. Theft and/misuse of the Association’s properties, assets or resources; or4. Breach of laws.




Financial Statements 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,

STEPHEN LOH SUR YONG CHEW KWEE SANPresident TreasurerSingapore, 15 March 2011

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 StatementsThe 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 ResponsibilityOur 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.

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

OpinionIn 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; ande) 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.

DAVID YEUNG & CO PACPublic Accountants and Certified Public AccountantsSingapore, 15 March 2011


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

BALANCE SHEETS As at 31 December 2010

GROUP ASSOCIATION 2010 2009 2010 2009

Note S$ S$ S$ S$

ASSETS

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

Total non-current assets 13,448,737 13,062,772 13,448,737 13,062,772

Current assets

Inventories, cost 4,999 4,861 4,999 4,861

Receivables 5 582,707 723,421 557,407 723,421

Prepayments 64,460 41,065 61,315 41,065

Deposits 39,242 37,876 39,242 37,876

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

Total current assets 9,749,164 7,565,142 9,379,446 7,565,142

TOTAL ASSETS 23,197,901 20,627,914 22,828,183 20,627,914

FUNDS AND LIABILITIES

Funds

Unrestricted funds

Accumulated Fund 12,777,492 12,091,695 12,806,245 12,091,695

Capital Replacement Fund 629,417 172,315 629,417 172,315

Fair Value Reserve (29,574) (180,115) (29,574) (180,115)

Other Funds 8 1,315,240 980,839 1,315,240 980,839

Restricted funds

Building Asset Capitalisation

Reserve 5,140,260 4,884,803 5,140,260 4,884,803

Other Funds 8 282,719 126,190 282,719 126,190

Club Accounts 9 4,547 (778) 4,547 (778)

Total funds 20,120,101 18,074,949 20,148,854 18,074,949

Current liabilities

Payables and accruals 10 3,077,800 2,552,965 2,110,525 2,552,965

Amount due to subsidiary 11 – – 568,804 –

Total liabilities 3,077,800 2,552,965 2,679,329 2,552,965

TOTAL FUNDS AND LIABILITIES 23,197,901 20,627,914 22,828,183 20,627,914

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.




GROUP

Unrestricted Funds

Restricted Funds

2010 Total

2009 Total

Note S$ S$ S$ S$ Incoming resourcesIncoming resources from generated fundsVoluntary income

Donations 459,450 – 459,450 471,392 Activities for generating funds

Child care and student care 3,108,526 – 3,108,526 2,666,154 Education 1,771,875 – 1,771,875 2,581,046 YMCA Education Centre Limited 751,573 – 751,573 – International house 5,739,904 – 5,739,904 4,534,333 Lifestyle programmes - fitness & dance 535,287 – 535,287 490,433 Lifestyle programmes - outdoors & adventure 562,913 – 562,913 454,636 Fund raising events 735,101 – 735,101 436,503 Other income 12 382,270 – 382,270 579,337 Amortisation of Building Asset Capitalisation

Reserve 454,823 – 454,823 254,152 14,501,722 – 14,501,722 12,467,986

Investment incomeInterest and dividend income 148,953 – 148,953 163,344

14,650,675 – 14,650,675 12,631,330

Incoming resources from charitable activitiesCommunity services * 224,860 – 224,860 351,281 International programmes 1,184,494 – 1,184,494 903,968 Lifestyle programmes – performing arts 920 – 920 5,842

1,410,274 – 1,410,274 1,261,091

TOTAL INCOMING RESOURCES 16,060,949 – 16,060,949 13,892,421

Less: Resources expendedCosts of generating funds

Child care and student care 2,564,207 – 2,564,207 2,391,138 Education 1,264,102 – 1,264,102 1,837,694 YMCA Education Centre Limited 780,326 – 780,326 – International house 4,430,631 – 4,430,631 3,999,084 Lifestyle programmes – fitness & dance 519,098 – 519,098 469,162 Lifestyle programmes – outdoors & adventure 549,203 – 549,203 532,224 Membership and corporate communication 386,703 – 386,703 348,973 Fund raising events 131,172 – 131,172 93,741 Other operating expenses 581,305 – 581,305 257,175

11,206,747 – 11,206,747 9,929,191 Resources expended on charitable activities

Community services * 1,313,832 – 1,313,832 1,108,703 International programmes 1,146,078 – 1,146,078 910,536 Lifestyle programmes – performing arts 91,591 – 91,591 109,437

2,551,501 – 2,551,501 2,128,676 Governance costs 95,778 – 95,778 74,335

TOTAL RESOURCES EXPENDED 13 13,854,026 – 13,854,026 12,132,202

Net incoming resources before other recognised gains/(losses) 2,206,923 – 2,206,923 1,760,219

Add/(less): Other recognised gains/(losses)Gain/(Loss) on disposal of property, plant and

equipment 325 – 325 (303)

Loss on disposal of available-for-sale financial assets (19,668) – (19,668) – (19,343) – (19,343) (303)

Net movement in funds 2,187,580 – 2,187,580 1,759,916 Fund balances at beginning of the year 13,064,734 5,010,215 18,074,949 16,261,232 Net movement in specific funds (559,739) 417,311 (142,428) 53,801

Fund balances at end of the year 14,692,575 5,427,526 20,120,101 18,074,949


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

* 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.



* 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.

ASSOCIATION

Unrestricted Funds

Restricted Funds

2010 Total

2009 Total

Note S$ S$ S$ S$ Incoming resourcesIncoming resources from generated fundsVoluntary incomeDonationsActivities for generating funds

459,450 – 459,450 471,392

Child care and student care 3,108,526 – 3,108,526 2,666,154 Education 1,771,875 – 1,771,875 2,581,046 International house 5,739,904 – 5,739,904 4,534,333 Lifestyle programmes – fitness & dance 535,287 – 535,287 490,433 Lifestyle programmes – outdoors & adventure 562,913 – 562,913 454,636 Fund raising events 735,101 – 735,101 436,503 Other income 12 382,270 – 382,270 579,337 Amortisation of Building Asset Capitalisation

Reserve 454,823 – 454,823 254,152 13,750,149 – 13,750,149 12,467,986

Investment incomeInterest and dividend income 148,953 – 148,953 163,344

13,899,102 – 13,899,102 12,631,330 Incoming resources from charitable activities

Community services * 224,860 – 224,860 351,281 International programmes 1,184,494 – 1,184,494 903,968 Lifestyle programmes – performing arts 920 – 920 5,842

1,410,274 – 1,410,274 1,261,091 TOTAL INCOMING RESOURCES 15,309,376 – 15,309,376 13,892,421

Less: Resources expendedCosts of generating funds

Child care and student care 2,564,207 – 2,564,207 2,391,138 Education 1,264,102 – 1,264,102 1,837,694 International house 4,430,631 – 4,430,631 3,999,084 Lifestyle programmes – fitness & dance 519,098 – 519,098 469,162 Lifestyle programmes – outdoors & adventure 549,203 – 549,203 532,224 Membership and corporate communication 386,703 – 386,703 348,973 Fund raising events 131,172 – 131,172 93,741 Other operating expenses 581,305 – 581,305 257,175

10,426,421 – 10,426,421 9,929,191

Resources expended on charitable activitiesCommunity services * 1,313,832 – 1,313,832 1,108,703 International programmes 1,146,078 – 1,146,078 910,536 Lifestyle programmes – performing arts 91,591 – 91,591 109,437

2,551,501 – 2,551,501 2,128,676

Governance costs 95,778 – 95,778 74,335 TOTAL RESOURCES EXPENDED 13 13,073,700 – 13,073,700 12,132,202 Net incoming resources before other recognised gains/(losses) 2,235,676 – 2,235,676 1,760,219

Add/(less): Other recognised gains/(losses)Gain/(Loss) on disposal of property, plant and

equipment 325 – 325 (303)

Loss on disposal of available-for-sale financial assets (19,668) – (19,668) – (19,343) – (19,343) (303)

Net movement in funds 2,216,333 – 2,216,333 1,759,916 Fund balances at beginning of the year 13,064,734 5,010,215 18,074,949 16,261,232 Net movement in specific funds (559,739) 417,311 (142,428) 53,801

Fund balances at end of the year 14,721,328 5,427,526 20,148,854 18,074,949


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

Building

Capital Asset

Accumulated Replacement Fair Value Capitalisation Other Club

Fund Fund Reserve Reserve Funds Accounts Total

S$ S$ S$ S$ S$ S$ S$ Balance at 01.01.2009 11,482,543 1,173,772 (678,264) 3,204,710 1,077,867 604 16,261,232

Net surplus/(deficit) for the year– Unrestricted funds 1,541,940 – – – 217,976 – 1,759,916 – Restricted funds – – – – (188,814) (1,382) (190,196)

Net fair value gains on available-for-sale financial assetsrecognised directly in equity – – 495,250 – – – 495,250

Reversal of net fair value loss on available-for-sale financial assets realised – – 2,899 – – – 2,899

Transfers during the year (932,788) (1,001,457) – 1,934,245 – – –

Amortisation of Building Asset Capitalisation Reserve – – – (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 1,853,179 – – – 334,401 – 2,187,580 – Restricted funds – – – – 156,529 5,325 161,854



Transfers during the year (1,167,382) 457,102 – 710,280 – – –


Balance at 31.12.2010 12,777,492 629,417 (29,574) 5,140,260 1,597,959 4,547 20,120,101

Note 8 Note 9




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

ASSOCIATION

Building

Capital Asset

Accumulated Replacement Fair Value Capitalisation Other Club

Fund Fund Reserve Reserve Funds Accounts Total

S$ S$ S$ S$ S$ S$ S$ Balance at 01.01.2009 11,482,543 1,173,772 (678,264) 3,204,710 1,077,867 604 16,261,232

Net surplus/(deficit) for the year– Unrestricted funds 1,541,940 – – – 217,976 – 1,759,916 – Restricted funds – – – – (188,814) (1,382) (190,196)



Transfers during the year (932,788) (1,001,457) – 1,934,245 – – –


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 1,881,932 – – – 334,401 – 2,216,333 – Restricted funds – – – – 156,529 5,325 161,854



Transfers during the year (1,167,382) 457,102 – 710,280 – – –


Balance at 31.12.2010 12,806,245 629,417 (29,574) 5,140,260 1,597,959 4,547 20,148,854

Note 8 Note 9





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

2010 2009

S$ 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 1,391,967 1,395,849

Amortisation of goodwill – 150,000

Amortisation of Building Asset Capitalisation Reserve (454,823) (254,152)

Bad debts written off 2,735 –

(Gain)/Loss on disposal of property, plant and equipment (325) 303

Loss on disposal of available-for-sale financial assets 19,668 –

Interest and dividend income (148,953) (163,344)

Dividend in specie (8,677) –

Operating surplus before working capital changes 2,989,172 2,888,572

(Increase)/Decrease in inventories (138) 2,995

Decrease/(Increase) in receivables 105,218 (138,217)

Increase in payables 524,835 738,934

Cash generated from operations 3,619,087 3,492,284

Net cash generated from activities: –

Other specific funds 156,529 (185,640)

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 – (150,000)

Proceeds from disposal of available-for-sale financial assets 319,423 250,000

Purchase of available-for-sale financial assets (828,701) (267,530)

Proceeds from disposal of property, plant and equipment 748 257

Purchase of property, plant and equipment (1,178,026) (2,471,878)

Grants received 48,499 13,275

Interest and dividend received 156,953 165,761

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 6,723,378 2,130,469

Fixed deposits 2,334,378 4,627,450

9,057,756 6,757,919

Less: Fixed deposit subject to restriction * (80,850) (80,850)

8,976,906 6,677,069

* Fixed deposit is pledged to secure guarantee given



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. GENERALYoung 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 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.

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.

2. SIGNIFICANT ACCOUNTING POLICIESa) 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”).

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) 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.

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.

Critical judgement made in applying accounting policies

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.

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.





2. SIGNIFICANT ACCOUNTING POLICIES (continued)b) Significant Accounting Estimates and Judgements (continued)

Impairment of available-for-sale investments

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.

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.

c) 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.

d) 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.

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

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:-

Leasehold land & building 2%

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%

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




2. SIGNIFICANT ACCOUNTING POLICIES (continued)f) Government Grants

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.

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) 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

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.

Recognition and Derecognition

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 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.

Measurement

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

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.

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


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.





2. SIGNIFICANT ACCOUNTING POLICIES (continued)g) Financial Assets (continued)

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.

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.

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) 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.

i) 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.

j) 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.

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.




2. SIGNIFICANT ACCOUNTING POLICIES (continued)n) Income Recognition

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.

Income is recognised on the following basis: -

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

o) 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) 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.





2. SIGNIFICANT ACCOUNTING POLICIES (continued)r) Contingent Liabilities and Assets

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.

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.




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) (1

3,27

5)

Dis

posa

ls –

–

–

–

(1

1,53

5) (4

,780

) –

(1

6,31

5)

At 3

1.12

.200

9 an

d 01

.01.

2010

12,

079,

195

1,3

20,2

43

12,

070,

083

319

,470

2

69,1

97

1,1

70,7

84

207

,579

2

7,43

6,55

1

Add

ition

s –

6

9,31

6 8

56,7

49

37,

736

93,

536

101

,324

1

9,36

5 1

,178

,026

Gra

nts

rece

ived

–

–

(18,

056)

(12,

943)

–

–

(17,

500)

(48,

499)

Dis

posa

ls –

(5

52)

–

–

–

(27,

435)

–

(27,

987)

At

31.1

2.20

10 1

2,07

9,19

5 1

,389

,007

1

2,90

8,77

6 3

44,2

63

362

,733

1

,244

,673

2

09,4

44

28,

538,

091

Acc

umul

ated

Dep

reci

atio

n

At 0

1.01

.200

9 5

,793

,243

1

,232

,864

7

,133

,753

2

24,1

76

98,

681

968

,086

1

91,2

97

15,

642,

100

Dep

reci

atio

n fo

r th

e ye

ar 2

41,5

84

21,

080

1,0

04,3

89

36,

968

36,

856

49,

483

5,4

89

1,3

95,8

49

Dis

posa

ls –

–

–

–

(1

0,97

5) (4

,780

) –

(1

5,75

5)

At 3

1.12

.200

9 an

d 01

.01.

2010

6,0

34,8

27

1,2

53,9

44

8,1

38,1

42

261

,144

1

24,5

62

1,0

12,7

89

196

,786

1

7,02

2,19

4

Dep

reci

atio

n fo

r th

e ye

ar 2

41,5

84

18,

205

980

,170

3

7,05

3 4

9,98

4 5

8,82

8 6

,143

1

,391

,967

Dis

posa

ls –

(1

32)

–

–

–

(27,

432)

–

(27,

564)

At

31.1

2.20

10 6

,276

,411

1

,272

,017

9

,118

,312

2

98,1

97

174

,546

1

,044

,185

2

02,9

29

18,

386,

597

Net

Bo

ok

Valu

e

At

31.1

2.20

10 5

,802

,784

1

16,9

90

3,7

90,4

64

46,

066

188

,187

2

00,4

88

6,5

15

10,

151,

494

At

31.1

2.20

09 6

,044

,368

6

6,29

9 3

,931

,941

5

8,32

6 1

44,6

35

157

,995

1

0,79

3 1

0,41

4,35

7

The

land

is le

ased

for

999

year

s co

mm

enci

ng fr

om N

ovem

ber

190

2. N

o ca

pita

l sum

was

pai

d fo

r th

e le

ase.





– Bonds 1,224,225 – – 1,224,225

– Equities 907,680 – – 907,680

– Unit trusts 516,510 – – 516,510

At 31.12.2009 2,648,415 – – 2,648,415


4. AVAILABLE-FOR-SALE FINANCIAL ASSETS

Units trusts

Balance at beginning of the year 516,510 291,460

Additions during the year – 55,655

Disposals during the year (52,500) –

Net fair value gains recognised in equity 9,700 169,395

Balance at end of the year 473,710 516,510

Total available-for-sale financial assets at end of the year 3,297,243 2,648,415

GROUP AND ASSOCIATION

2010 2009

S$ S$

Quoted investments

Bonds

Balance at beginning of the year 1,224,225 1,205,150

Additions during the year 255,000 211,875

Disposals during the year (252,875) (250,275)


Balance at end of the year 1,256,700 1,224,225

Equities

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 1,566,833 907,680

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 Significant markets for other Significant

identical observable unobservable instruments inputs inputs Total

(Level 1) (Level 2) (Level 3) S$ S$ S$ S$

Available-for-sale financial assets – Bonds 1,256,700 – – 1,256,700 – Equities 1,566,833 – – 1,566,833 – Unit trusts 473,710 – – 473,710

At 31.12.2010 3,297,243 – – 3,297,243

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



N

4. 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

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:-

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).

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

GROUP ASSOCIATION

2010 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


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

Past due 91–120 days 984 370 984 370

Past due more than 120 days 1,388 56,374 1,388 56,374

293,271 508,758 268,946 508,758

GROUP ASSOCIATION

2010 2009 2010 2009

S$ S$ S$ S$

Chinese Renminbi – 12 – 12

New Zealand Dollar 1,178 5 5 5

Singapore Dollar 6,713,065 2,123,745 6,372,965 2,123,745

United States Dollar 6,110 6,440 6,110 6,440

Malaysian Ringgit 911 267 911 267

Hong Kong Dollar 84 – 84 –

Japanese Yen 1,104 – 1,104 –

Australian Dollar 926 – 926 –

6,723,378 2,130,469 6,382,105 2,130,469





8. OTHER FUNDS

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.

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


At beginning At end

of year Receipt Expense of year

S$ S$ S$ S$

Unrestricted Funds

Community Service Fund 126,366 344,656 (455,916) 15,106

YMCA FACES 92,046 55,864 (40,703) 107,207

Project Bridge Fund 192,977 229,672 (216,323) 206,326

YMCA–Lim Kim San

Volunteers Programme Fund 569,450 544,749 (127,598) 986,601

980,839 1,174,941 (840,540) 1,315,240

Restricted Funds

Disaster Relief Fund 108,623 8,343 (28,677) 88,289

Proyouth Village Fund 17,567 18,366 (9,190) 26,743

Rebuilding Community

Programme @ Dujiangyan Fund – 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


At beginning At end

of year Receipt Expense of year

S$ S$ S$ S$

Toastmasters Club (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

(778) 16,343 (11,018) 4,547



NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2010

10. PAYABLES AND ACCRUALS

11. AMOUNT DUE TO SUBSIDIARY Amount due to subsidiary is trade in nature.

12. OTHER INCOME

13. TOTAL RESOURCES EXPENDED

# 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 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.


2010 2009

S$ S$

Total resources expended for the year are arrived at

after charging/(crediting): –

Amortisation of goodwill # – 150,000

Bad debts recovered – (442)

Bad debts written off 2,735 –

Depreciation 1,391,717 1,395,849

Exchange difference (1,924) (9,529)

Staff costs* comprise:–

– Salaries and other costs 5,950,099 5,570,311

– Employer’s contribution to CPF 443,550 556,403 – Grant from jobs credit scheme (92,253) (431,193)


2010 2009

S$ S$

Other income comprises of:–

Rental 211,837 387,616

Membership and corporate communication 90,578 91,589

Sundries 79,855 100,132

382,270 579,337


GROUP ASSOCIATION

2010 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





14. KEY MANAGEMENT PERSONNEL (continued)

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. 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.

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

17. CAPITAL COMMITMENTS Capital expenditure contracted but not provided for in the financial statements: -

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:-

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: -


2010 2009

S$ S$

Key management compensation comprises:–

Salaries and other short-term employee benefits 380,837 414,667

Employer’s contribution to CPF 31,962 52,139

Grant from jobs credit scheme (1,930) (15,085)

410,869 451,721


2010 2009

S$ S$

Renovation of property – 56,201


2010 2009 2010 2009

S$ S$ S$ S$

Purchase of services froma director related company 5,956 143,279 5,956 143,279

Management fee income – – 256,637 –

Copier rental income – – 982 –

Rental income – – 41,095 –



None of the leases include contingent rent.

19. OPERATING LEASE COMMITMENTS (continued)


Operating lease commitments – as lessor

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.

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:-


20. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES 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.

Foreign Currency Risk

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

Interest Rate Risk

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.

Price Risk

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.

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.


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


2010 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





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

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.

2010 2009 % Increase/

ASSOCIATION S$ S$ (Decrease)

Unrestricted Funds (*Reserves)

– Accumulated Fund 12,806,245 12,091,695 6

– Capital Replacement Fund 629,417 172,315 >100

– Fair Value Reserve (29,574) (180,115) (85)

– Other Funds 1,315,240 980,839 34

14,721,328 13,064,734

Restricted Funds

– Building Asset Capitalisation Reserve 5,140,260 4,884,803 5

– Other Funds 282,719 126,190 >100

– Club Accounts 4,547 (778) >100

Total Funds 20,148,854 18,074,949

Ratio of *reserves to annual operating expenditure (year)

2.077 2.318

2010 2009 % Increase/

GROUP S$ S$ (Decrease)

Unrestricted Funds (*Reserves)

– Accumulated Fund 12,777,492 12,091,695 6

– Capital Replacement Fund 629,417 172,315 >100

– Fair Value Reserve (29,574) (180,115) (85)

– Other Funds 1,315,240 980,839 34

14,692,575 13,064,734

Restricted Funds

– Building Asset Capitalisation Reserve 5,140,260 4,884,803 5

– Other Funds 282,719 126,190 >100

– Club Accounts 4,547 (778) >100

Total Funds 20,120,101 18,074,949

Ratio of *reserves to annual operating expenditure (year)

2.072 2.318




22. CLASSIFICATION OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES The following table sets out the financial instruments as at the balance sheet date:-

23. 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).

24. 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.

25. 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

GROUP ASSOCIATION 2010 2009 2010 2009

S$ S$ S$ S$

Assets

Available-for-sale financial assets 3,297,243 2,648,415 3,297,243 2,648,415

Loans and receivables:–

Receivables 582,707 723,421 557,407 723,421

Deposits 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

Liabilities

Total financial liabilities at amortised cost:–

Payables and accruals 3,077,800 2,552,965 2,110,525 2,552,965

Amount due to subsidiary – – 568,804 –

Total liabilities 3,077,800 2,552,965 2,679,329 2,552,965





25. FRS AND INT FRS NOT YET ADOPTED (continued)

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.

26. 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.

27. 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.


Contact UsYMCA of SingaporeOne Orchard Road S(238824)

Tel: 6336 6000 Fax: 6336 8003

Website: www.ymca.org.sg

General Secretary’s OfficeTel: 6586 2202

Corporate ServicesChristian Development

Tel: 6586 2242

Email: [email protected]

Corporate Affairs

Tel: 6586 2254


Member Services

Tel: 6586 2255/56


Human Resources

Tel: 6586 2232


ProgrammesTel: 6586 2312


YMCA Tan Chin Tuan Community Service Programmes

Tel: 6586 2347


YMCA - Lim Kim San Volunteers Programme

Tel: 6586 2352


International Programmes

Tel: 6586 2334


Youth Development Programmes

Tel: 6586 2317/55


Citi-YMCA Youth For Causes

Tel: 6586 2354


Website: www.youthforcauses.com

YMCA FACES (Financial Assistance and Capability for Employment Scheme)


Lifestyle Programmes

Tel: 6586 2256


YMCA Project Bridge

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

Tel: 6362 0700 Fax: 6365 6039


YMCA International HouseTel: 6336 6000 Fax: 6337 3140


Website: www.ymcaih.com.sg

Y-Café

Tel: 6586 2270

YMCA Education ServicesYMCA School

Tel: 6586 2222 Fax: 6336 0064


Website: www.ymca.edu.sg

YMCA Tertiary Education

Tel: 6586 2378/81 Fax: 6526 2383


Website: www.ymca.edu.sg/tertiary

YMCA Child Development Centres & YMCA Student Care Centres

Tel: 6586 2222


Website: www.ymca.org.sg/cdcscc

YMCA CDC @ Bukit Batok

Blk 225 Bukit Batok Central #01-89 S(650225)

Tel: 6665 0342


YMCA CDC @ Woodlands

Blk 171 Woodlands Street 11 #01-55 S(730171)

Tel: 6269 4125


YMCA CDC @ Zhenghua

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

Tel: 6892 2430


YMCA SCC @ Canberra

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

Tel: 6756 4469 Fax: 6756 4979


YMCA SCC @ Gan Eng Seng c/o: Gan Eng Seng Primary School

100 Redhill Close S(158901)

Tel: 6479 0601 Fax: 6479 0601


YMCA SCC @ Jurong West

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

Tel: 6794 7759 Fax: 6794 7763


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

21 Compassvale Walk S(545166)

Tel: 6384 4860 Fax: 6384 1653


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

99 Wilkie Road S(228091)

Tel: 6333 5084 Fax: 6333 6084


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

49 Marine Crescent S(449761)

Tel: 6244 0681 Fax: 6244 8279


YMCA SCC @ Loyang c/o: Loyang Primary School

3 Pasir Ris Drive 6 S(519419)

Tel: 6584 4950 Fax: 6584 1822


YMCA Singapore Annual Report 2010

Documents

Transcript of YMCA Singapore Annual Report 2010