ANNUAL REPORT 2003/2004 - Singapore Khalsa

S I N G A P O R E K H A L S A A S S O C I A T I O N

2003/2004ANNUAL REPORT

ANNUAL REPORT EDITION 2004 MITA(P) 127/11/2002

www.singaporekhalsa.org.sg

SINGAPORE KHALSA ASSOCIATION

PRESIDENT

MESSAGE

My Management Committee and I have the pleasure of serving you during this fascinating year.

Our focus on youth and the family has continued to strengthen community links. This has been achieved through sports, cultural, education and social activities.

SKA facilities have been enhanced with new restrooms and the building has been repainted.

This year saw greater participation of our members, their families and the community at large, through our sporting activities. Our hockey, soccer and netball teams have performed well at the national leagues and other tournaments. Golf has also formed a core activity with many of our members participating at various tournaments in Singapore and the region.

The successful inauguration of Young Khalsa Soccer League from February to April 2004 captivated over 500 young players, including their families and friends.

The return of Vesakhi Mela 2004 was the highlight of our cultural events. Together with Diwali Di Raat, Punjab Di Raat and Teeyan, it gave members and their families opportunities to come together and enjoy our cultural heritage. For the first-time, we had the Malwa Sabhya Charak Troupe from India to perform.

The Professional Networking Group organised several talks which covered healthy lifestyle, astrology, investment opportunities and terrorism. PNG has developed into a strong networking group amongst our community and also provides the opportunity for young Khalsa members to participate.

Our support for education continued with the Khalsa Kindergarten and Singapore Sikh Education Foundation. We also participated in Sikh Welfare Council activities.

I look forward to your continued support and participation in SKA activities. Together, we can achieve much more for our community and our nation.

Wahe Guru Ji Ka Khalsa, Wahe Guru Ji Ki Fateh

SKA PATRONS Justice Choor Singh

Kartar Singh Thakral

SKA TRUSTEESChairman Justice Choor Singh

Vice Chairman Gurdip Singh Usma

Secretary Karam Singh Falewal

Members Jaswant Singh Gill

Doola Singh

Col. (Retd) Gurcharan Singh

Ajit Singh

MANAGEMENT COMMITTEEPresident Balbeer Singh Mangat

Vice Presidents LTC (Retd)Charanjit Singh

Nirmal Singh

General Secretary LTC (Retd) Albel Singh

Asst. Secretary Admin

& Security Manmohan Singh

Asst Secretary Membership Lashman Singh

General Treasurer Mohinder Singh

Asst. General Treasurer Manminder Singh

Chairman Sports Gopal Singh

Chairman Culture

& Social Committee Harbhajan Singh Gosal

Chairman Education Sarban Singh

Chairman Publication

& Communication Sukhmindar Singh

Chairperson Building & Facilities Jasbir Kaur

Chairman House Baldev Singh Bath

Chairman Young Khalsa Darshan Singh

Committee Members Dr Sorinder Singh

Sarjit Singh

Gurrinder Singh Johal

Immediate Past President Jagjit Singh Sekhon

Khalsa Advisory Board Naranjan Singh Bhrampura

Ladies Wing Chairperson Sarinder Kaur

Balbeer Singh Mangat

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MITTEE


NOTICE OF

58TH ANNUAL GENERAL MEETING

To: All Members of the Association

Dear Members,

58th ANNUAL GENERAL MEETING

Notice is hereby given that the 58th Annual General Meeting of the Association will be held on 6 November 2004 at 1.30pm at SKA Auditorium. The Agenda for the meeting is as follows:

AGENDA

1. President’s Address

2. To receive and confirm the minutes of the 57th Annual General Meeting held on 23 August 2003.

3. To consider and adopt the Annual Report for the period 1st July 2003 to 30 June 2004.

4. To consider and adopt the audited accounts for the year 1st July 2003 to 30 June 2004.

5. To decide on any resolutions submitted in writing to the Hon. Gen Secretary at least seven days before the Annual General Meeting. (that is, by 1.45pm on 29 Oct 04)

6. A.O.B

Yours Sincerely

Albel SinghHon Gen Secretary Singapore Khalsa Association

IMPORTANT NOTES:a) Notice is hereby given that should there be no quorum at the

appointed time, the AGM would be adjourned for one hour, if at such adjourned meeting there is no quorum, the members present, whatever their number, shall form a quorum.

b) Please bring your membership card or IC for registration purposes.c) Lunch will be served at 12.30 pm to 1.15 pm.

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ANNUAL REPORT

1st July 2003 to 30th June 2004

SHF League DIV 3 CHAMPIONS

DIV 4 Team

GENERAL

2003/2004 has been a fascinating year for the Singapore Khalsa Association. Our various committees kept the year active with a focus on youth and the family.

The reports of the various committees are listed below.

SPORTS

SHF HOCKEY

Singapore Khalsa Association Hockey Division 3 team emerged champions in the 2004 league an improvement from last year’s mid-table performance. SKA Division 4 team youth players achieved mid table position with the guidance of our veteran players.

HOKI FLICKS

Central Singapore Youth Hockey Training Programme known as “Hoki Flicks” was a collaboration between Central Singapore CDC, Singapore Khalsa Association (SKA), Indian Association (IA), Ceylon Sports Club (CSC) and Singapore Chinese Recreation Club (SCRC). The 5-month training programme enabled our youth to develop basic skills in hockey. The programme was held at SKA mini-turf and the adjoining grounds of our neighbouring clubs.

SOCCER YOUTH

Singapore Khalsa Association organized the first Singapore Harmony Soccer Tournament on 14 September 2003 at the

SKA Turf, IA Ground and SCRC Fields. A total of fourty teams took part in the Under 12, 16, 18 and open categories. The event was organised to:

a) Promote goodwill and community bonding

b) Develop soccer

c) Foster healthy lifestyle

SOCCER NFL DIVISION ONE

The NFL Soccer team took part in the FAS NFL Division one league and has improved their standing form from 4th to 3rd position in the 2004 league. The team also won the Fair Play trophy.

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GURDWARA CUP 2003

SKA sent a contingent of over 70 participants and officials to participate in the 52nd Gurdwara Cup games held in Kuala Lumpur from 4th December to 7th December 2003. The games that SKA participated in were Hockey, Soccer and Netball. The contingent was led by Chef De Mission, Mr Sarjit Singh Sona. The netball team emerged runner up and the soccer team was placed third. Mr Harbhajan Singh Loomba was awarded the Sports Personality Award for his contributions at the national level.

4TH BHAI MAHARAJ SINGH MEMORIAL GOLF CHAMPIONSHIP

SKA and Central Sikh Gurdwara Board jointly organized the 4th Bhai Maharaj Memorial Championship on 18th June 2004 at the Johor Bahru Palm Resort Golf & Country Club, Malaysia. The tournament was well patronised and the Guest-of-Honour, Mr Inderjit Singh MP for Ang Mo Kio GRC, gave away the prizes. The participants were entertained by the Malaysian Professional Bhangra Group.

LADIES WING

SKA Ladies Wing had been active in helping out in key events organised by the SKA besides their own activities. The biggest event was the Bollywood Queens Night that featured Taal singers, Hardev & Chandan. The highlight of the event was the performance by Mr Nages from Sitara who impersonated Rajesh Khanna, Dev Anand and Raj Kapoor with songs from the past. The SKA Ladies Wing also organized various food demonstrations and body care talks.


ANNUAL REPORT


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HOUSE COMMITTEE

The House Committee is pleased to announce the PUNJABI DHABA STYLE LUNCH effective from 1st November 2003 at SKA Level 1. The committee has also ensured some regular activities at the SKA lounge, including live band performance every last Friday of the month.

EDUCATION

KHALSA KINDERGARDEN

The Khalsa Kindergarten has on average over 110 students and the annual graduation ceremony was held on 15th November 2003. About 400 parents and guests graced the event. The Guest of Honour at the function Dr Chitra Rajaram, Chief Editor / Director of Tamil Murasu, presented certificates to the graduating students.


ANNUAL REPORT


SINGAPORE SIKH EDUCATION FOUNDATION (SSEF)

SKA has been supporting (SSEF) and certain Punjabi language classes, are held at SKA Level 4 on Tuesdays and Thursdays. SKA also contributes financially S$1500 per month to (SSEF).

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SIKH WELFARE COUNCIL (SWC)

SKA pledge of $51,000 was completed in May 2001. At present SKA is contributing $1000 per month to SWC.

BUILDING & FACILITIES

BUILDING

The SKA building was given a new facelift in June 2004. The overall modern facilities are maintained at the highest standards.

RESTROOMS

The Rest Rooms on Level 3 and 5 have been renovated and upgraded.

CULTURE

The culture section organised three major events: Diwali Di Raat, Punjabi Di Raat and a special Punjabi group from India, the Malwa Sabhya Charak Troupe performed at the SKA Punjabi Cultural Nite with the support of Indian High Commission.

Teeyan was celebrated on 9th August 2003 in conjunction with the National Day. Giddha and folk songs were very much enjoyed by all.


ANNUAL REPORT


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ANNUAL REPORT


YOUNG KHALSA

Young Khalsa and Professional Networking Group jointly organized various activities including talks held every month.

YOUNG KHALSA SOCCER LEAGUE 2004

This event was kicked off on 15 February 2004 by Guest of Honour, Professor Ho Peng Kee. A total of 600 members and participants were present to witness the opening ceremony. The games were played on weekends and on Public Holidays. The games were enthusiastically supported by parents/family members and friends. The finals of the knock out was played on 18th April 2004 in conjunction with Vesakhi Mela Fair 2004. A crowd of over 5,000 members was present and the Guest-of-Honour, the Honourable Minister for Defence RADM (NS) Teo Chee Hean, gave away the prizes to the winners.

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ANNUAL REPORT


PROFESSIONAL NETWORKING GROUP PNG @ SKA

The Professional Networking Group (PNG@SKA) was launched under the aegis of the Singapore Khalsa Association. There are a large number of Sikh professionals working in both the private and public sectors in Singapore. Some of these Sikh professionals have achieved a great deal of success and have carved a niche for themselves in their respective professions whilst there are young Sikh professionals striving for success in their careers. PNG@SKA helps create opportunities for Sikh professionals to interact, exchange ideas, network and build links between different professional groups.

The PNG Group organized several talks. The theme of the talks and the speakers were:

“Meeting the Challenges of the Third Millennium”Prof Dr Kirpal Singh Singapore Management University

“Terrorism and its Impact on South East Asia” Mr Daljit Singh Senior Research Fellow at the Institute of South East Asian Studies

“How to avoid your first Heart Attack” Dr Baldev Singh (Cardiologist)

“Global Investor Opportunities for the NRI”Mr Sanjeev Kapadia Head of Global NRI Investment at Citibank Singapore

“Cosmic Forces and their role in modern day Astrology” Mr Prashun Dutt, Regional Director of CNBC

“The Seven Pillars of Transnational Terrorism”Mr Umej Bhatia, a post graduate student at the Center for Middle Eastern Studies in Harvard University

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ANNUAL REPORT


VESAKI MELA 2004

Vesakhi Mela themed “Forging our Multi-Racial Bonding” was held on Sunday, 18th April 2004 at the Singapore Khalsa Association. It was open to all communities with highlights on sports from 9 am onwards followed by fun fair, food stalls, tele-matches, tug-of-war and many other Sikh cultural events in the afternoon. The turnout was very good as many braved the heat to participate in this annual event. The Guest of Honour was the Honourable Minister for Defence, RADM (NS) Teo Chee Hean.

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Treasurer’s Report 2003/2004

SKA has overcome the difficult economic climate created by SARS, terrorism and the Iraq war since 2002/2003 through cost cutting measures. The fall of 32% (S$88,000) in fruit machine (net) income and 36% (S$30,000) in function hall (net) income has been offset by the reduction of 12% (S$107,000) in expenditure. The main cost cutting measures were in the area of staff, security expenses and property tax rebate.

SKA Management Committee continues to find ways to reduce costs, increase revenues and maintain services to its members at the highest level. The fruit machine collections have started to move up with the improving economic climate in the second half of 2004.

Mr Mohinder Singh, TreasurerSingapore Khalsa Association

SINGAPORE KHALSA ASSOCIATIONFINANCIAL STATEMENT REVIEW FOR 2003/2004

SINGAPORE KHALSA ASSOCIATIONAND ITS TRUSTEES(Registration No: 43-0000747-X)

FINANCIAL STATEMENTS

Year ended 30 June 2004

18 Cross Street, #08-01, Marsh & McLennan Centre, Singapore 048423Main (65) 6533 7600 | Fax (65) 6531 1811Email [email protected] | www.ChioLim.com.sg


C O N T E N T S

STATEMENT BY THE MANAGEMENT COMMITTEE ........................................................................... 14

AUDITORS’ REPORT ............................................................................................................................ 15

BALANCE SHEET .. 16

INCOME AND EXPENDITURE STATEMENT OF THE ASSOCIATION ................................................. 17

INCOME AND EXPENDITURE STATEMENT OF THE TRUSTEES ...................................................... 18

CASH FLOW STATEMENT .................................................................................................................... 19

NOTES TO FINANCIAL STATEMENTS ................................................................................................. 20

2035-04

SINGAPORE KHALSA ASSOCIATION AND ITS TRUSTEES (Registration No: 43-0000747-X)

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STATEMENT BY THE MANAGEMENT COMMITTEE

In the opinion of the Management Committee, the accompanying balance sheet and income and expenditure statement and cash flow statement together with the notes thereon, are drawn up so as to give a true and fair view of the state of affairs of the Association and its Trustees as at 30 June 2004 and the results and cash flows for the year then ended and at the date of this statement there are reasonable grounds to believe that the Association will be able to pay its debts as and when they fall due.

Signed in Singapore on the 5 August 2004

On behalf of the Management Committee,

ON BEHALF OF THE DIRECTORS

..........................……….. ..........................……….Balbeer Singh Mangat President

Charanjit Singh Vice President

..........................………… ..........................………Mohinder SinghTreasurer

Albel SinghSecretary

5 August 2004


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AUDITORS’ REPORTAUDITORS’ REPORT TO THE MEMBERS OFSINGAPORE KHALSA ASSOCIATION AND ITS TRUSTEES

We have audited the accompanying balance sheet of Singapore Khalsa Association and its Trustees as at 30 June 2004 and the income and expenditure statement and cash flow statement for the year then ended set out on pages 3 to 15. These financial statements are the responsibility of the Management Committee. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with Singapore Standards on Auditing. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the Management Committee, as well as evaluating the overall financial statements presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements are properly drawn up in accordance with The Societies Act, Cap. 311 and Singapore Financial Reporting Standards, and so as to give a true and fair view of the state of affairs of Singapore Khalsa Association and its Trustees as at 30 June 2004 and of the income and expenditure and cash flows of the Association and its Trustees for the year then ended.

Chio Lim & AssociatesCertified Public Accountants

Singapore5 August 2004

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BALANCE SHEET As at 30 June 2004

Notes 2004 2003$ $

ASSETSCurrent assets:Cash and cash equivalents 3 534,613 872,181Other receivables 4 129,938 143,527Total current assets 664,551 1,015,708

Non-current assets:Property, plant and equipment 5 2,694,655 2,885,553Quoted equity investments 6 1,751,607 1,251,102Total non-current assets 4,446,262 4,136,655

Total assets 5,110,813 5,152,363

LIABILITIES AND EQUITYCurrent liabilities:Other payables 7 161,652 156,287Accrued liabilities 8 85,336 307,763Income tax payable 52,178 66,909Total current liabilities 299,166 530,959

Non current liabilitiesPremium payable 9 686,666 755,333

Funds:General fund 1,559,411 1,844,582Building fund 661,483 661,483Trust fund-retained by SKA Trustees 10 1,904,087 1,360,006Total non-current liabilities 4,124,981 3,866,071

Total liabilities and equity 5,110,813 5,152,363

See accompanying notes to financial statements.


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INCOME AND EXPENDITURE STATEMENT OF THE ASSOCIATIONYear ended 30 June 2004

Notes 2004 2003$ $

Income:

Rental of billiard room 110,447 111,600

Ordinary member subscription fees 7,523 6,428

Video machines collections – 1,620

Interest received – 2

Carpark and general donations – 350

Rental of restaurant and lounge 172,369 182,673

290,339 302,673

Surplus/(deficit) arising from:

Fruit machines (net) 11 191,461 279,244

Function Hall (net) 12 50,860 79,944

Khalsa Kindergarten (net) 13 (11,497) (27,203)

521,163 634,658

Expenditure 14 (786,334) (877,059)

Shortfall of income over expenditure before tax (265,171) (242,401)

Income tax expense 15 (20,000) (26,077)

Shortfall of income over expenditure after tax (285,171) (268,478)

General fund brought forward 1,844,582 2,113,060

General fund carried forward 1,559,411 1,844,582



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INCOME AND EXPENDITURE STATEMENT OF THE TRUSTEESYear ended 30 June 2004

2004 2003$ $

Dividend incomeGross dividends – Singapore 556,752 219,423Gross dividends – Malaysia 8,113 7,412Gross dividends – United Kingdom 60,615 52,544Gross dividends – United States 13,514 –

638,994 279,379

Other incomeGain on sale of investment 1,182 – Fixed deposit interest received 559 2,780Surplus from cash distribution of investments 40,599 – Exchange (losses)/gains (21) 118

42,319 2,898

Total income 681,313 282,277

Less: Expenses

Administration expenses 222 334

Securities expenses 2,075 1,016

Agent’s fees 11,654 15,261

Total expenses 13,951 16,611

Excess of income over expenditure (Note 10) 667,362 265,666



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CASH FLOW STATEMENTYear ended 30 June 2004

2004 2003$ $

Cash flows from operating activities:

Surplus of accumulated funds 525,472 79,107Adjustments for :

Depreciation expense 316,819 338,065Loss on disposal of plant and equipment 8,833 4,328Gross dividend income (638,994) (279,379)Interest income (559) (2,780)Gain on sale of investment (1,182) – Surplus from cash distribution of investments (40,599) –

Operating surplus before working capital changes 169,790 139,341

Other receivables 13,589 (51,964)Accrued liabilities (222,427) 182,062Other payables 5,365 (201,380)

Cash (used in)/generated from operations (33,683) 68,059Dividend received, net 461,160 176,247Interest received 559 2,780Income tax paid (158,012) (58,620)

Net cash from operating activities 270,024 188,466

Cash flows used in investing activities:

Purchase of plant and equipment (134,754) (25,279)Premium paid for leasehold premises (68,667) (68,667)Purchase of investments (460,242) (1,505)Proceeds from sale of investment 2,442 1,495Proceeds from cash distribution of investments 53,629 –

Net cash used in investing activities (607,592) (93,956)

Net (decrease)/increase in cash (337,568) 94,510Cash at beginning of year 872,181 777,671Cash at end of year (Note 18) 534,613 872,181



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NOTES TO FINANCIAL STATEMENTS30 June 2004

1 GENERAL

The principal activities of the Association are to promote and carry on amateur sports, social and cultural activities and also promote and advance the education of students.

The principal activities of the Trustees are to hold and manage the investments of the Singapore Khalsa Association.

There have been no significant changes in the nature of these activities during the year.

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

ACCOUNTING CONVENTION – The financial statements of the Association and its Trustees, which are expressed in Singapore dollars, have been prepared under the historical cost convention.

PROPERTY, PLANT AND EQUIPMENT – Property, plant and equipment are carried at cost less any accumulated depreciation and any accumulated impairment losses. Depreciation is provided on gross carrying amounts in equal annual instalments over the estimated useful lives of the assets. The annual rates of depreciation are as follows:

Leasehold property – 2% Leasehold interest – 31/3% Leasehold expenses – 31/3% Plant and equipment – 31/3% to 331/3%

Fully depreciated assets still in use are retained in the financial statements.

The useful life of an item of property, plant and equipment is reviewed periodically and, if expectations are significantly different from previous estimates, the depreciation charge for the current and future periods are adjusted.

RECOGNITION OF INCOME AND EXPENDITURE – Interest income, function hall and kindergarten income are accounted for on an accrual basis. All other income is accounted for on a cash basis. Dividend income is recorded at gross at the date it is declared payable by the investee company.

For the years prior to and including 30 June 1998, the net income of the Trustees were distributed in the following manner:

(i) Two-third of net income was distributed to the Singapore Khalsa Association for paying income tax and all other incidental expenses relevant to producing the income.

(ii) The remaining one-third was transferred to the Trust Fund for reinvestment purposes.

From the year ended 30 June 1999, in accordance with a resolution passed at the Annual General Meeting of the Singapore Khalsa Association on 19 June 1999, the net income was transferred to the Trust Fund for reinvestment purposes.


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2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont’d)

INCOME TAX – Taxation is provided in accordance with the provisions of section 11(2) of the Income Tax Act.

The tax expense is determined on the basis of tax effect accounting, using the liability method and is applied to all significant timing differences. Deferred tax benefits are not recognised unless there is reasonable expectation of their realisation.

FOREIGN CURRENCY TRANSACTIONS – The functional currency is the Singapore dollar as it reflects the economic substance of the underlying events and circumstances of the entity. Transactions in foreign currencies are recorded in Singapore dollars at the rates ruling at the dates of the transactions. At each balance sheet date, recorded monetary balances and balances carried at fair value that are denominated in foreign currencies are reported at the rates ruling at the balance sheet date. All realised and unrealised exchange adjustment gains and losses are dealt with in the income statement.

ACCOUNTING ESTIMATES – The preparation of financial statements in conformity with generally accepted accounting principles requires the committee members to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

LEASES – Leases where the lessor effectively retains substantially all the risks and benefits of ownership of the leased assets are classified as operating leases. For operating leases, lease payments are recognised as an expense in the income and expenditure statement on a straight line basis unless another systematic basis is representative of the time pattern of the user’s benefit, even if the payments are not on that basis.

LIABILITIES AND PROVISIONS – A liability and provision is recognised when there is 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. It is measured at the amount payable.

CASH – Cash for the cash flow statement includes cash and cash equivalents.

FAIR VALUE OF FINANCIAL INSTRUMENTS – The carrying values of cash, accounts receivable and accounts payable approximate their fair values due to the short-term maturity of these instruments. The fair value of long-term liabilities was not determined because the book values approximate the fair value.

NON-CURRENT INVESTMENTS – Non-current listed investments held as available-for-sale financial assets included under non-current assets are stated at cost and any impairment in value which is other than temporary is recognised in the income statement.

RISK MANAGEMENT POLICIES FOR FINANCIAL INSTRUMENTS

CREDIT RISK ON FINANCIAL ASSETS – Financial assets that potentially subject the association and its trustees to concentrations of credit risk consist principally of cash, cash equivalents and investments. The committee members believe that the financial risks associated with these financial instruments are minimal. The association and its trustees place its cash and cash equivalents and investments with high credit quality institutions.


21


OTHER RISKS ON FINANCIAL INSTRUMENTS – The association and its trustees monitor its interest, foreign exchange risks, and changes in fair values from time to time and any gains and losses are included in the income and expenditure statement. The association and its trustees are exposed to interest rate price risk for financial instruments with a fixed interest rate and to interest rate or cash flow risk for financial instruments with a floating interest rate that is reset as market rates change. The association and its trustees are also exposed to changes in foreign exchange rates and liquidity of businesses. The association and its trustees do not utilise forward contracts or other arrangements to minimise these risks.

3 CASH AND CASH EQUIVALENTS2004

$2003

$

Association 81,177 390,216Trustees 453,436 481,965

534,613 872,181

4 OTHER RECEIVABLES2004

$2003

$

Kindergarten fees receivable – 13,580Other receivables 13,350 71,052Deposits 104,398 46,685

Trustees:Dividends and interest receivable 12,190 12,210

129,938 143,527


22

5 PROPERTY, PLANT AND EQUIPMENT

Leasehold Leasehold Leasehold Plant andbuilding interest expenses equipment Total

$ $ $ $ $Cost:As at 1.7.03 703,590 1,030,000 31,725 3,515,829 5,281,144Additions – – – 134,754 134,754Disposals – – – (31,700) (31,700)As at 30.6.04 703,590 1,030,000 31,725 3,618,883 5,384,198

Accumulated depreciation and amortisationAs at 1.7.03 401,049 171,667 1,580 1,821,295 2,395,591Depreciation and amortisation for the year 14,071 34,333 1,058 267,357 316,819Disposals – – – (22,867) (22,867)As at 30.6.04 415,120 206,000 2,638 2,065,785 2,689,543

Depreciation and amortisation for 2003 14,072 34,333 1,057 288,603 338,065

Net book value:As at 30.6.03 302,541 858,333 30,145 1,694,534 2,885,553

Net book value:As at 30.6.04 288,470 824,000 29,087 1,553,098 2,694,655


23

6 QUOTED EQUITY INVESTMENTS

Shares held at cost:30.6.04 30.6.03. 30.6.04 30.6.03

$ $

6,000 6,000 DBS Group Holdings Ltd 58,155 58,155825 825 DBS Group Holdings Ltd – (3) – (3)

16,250 – Capitacommerical Trust – (3) – 65,000 65,000 Capitaland Ltd 232,079 232,07916,250 16,250 Capitaland Ltd (rights issue) 37,375 37,37550,177(6) 55,753 Fraser & Neave (S) Ltd 117,260 130,29036,884 26,884 Haw Par Corp Ltd 104,583 60,9351,000 1,000 Haw Par Corp Ltd – (3) – (3)

30,000 – Hyflux Ltd 39,826 – 7,500 – Hyflux Ltd – (3) –

24,000 4,000 Keppel Corp Ltd 135,638 37,4161,000 1,000 Keppel Corp Ltd – (3) – (3)

12,500 12,500 Keppel Land Ltd 25,606 25,6061,000 1,000 Keppel Land Ltd – (3) – (3)

17,106 17,106 Overseas Chinese Banking Corp 93,013 93,0137,394 7,394 Overseas Chinese Banking Corp – (3) – (3)

12,000 – OCBC 4.2% non-cumulative PS 11,940 – 60,000 60,000 Sime Darby Berhad 34,715 34,71512,000 12,000 Sime Darby Berhad – (3) – (3)

15,000 – Singapore Airlines Ltd 161,000 – – 65,000 Singapore Press Holdings Ltd – – – 38,000 Singapore Press Holdings Ltd – – (3)

437,750(5) – Singapore Press Holdings Ltd – – 44,901 44,901 HSBC Holdings PLC 143,174 143,1749,643 7,377 HSBC Holdings PLC 206,015(2) 151,462(2)

50,000 50,000 The Straits Trading Co Ltd 53,386 53,38610,000 10,000 The Straits Trading Co Ltd – (3) – (3)

23,012 23,012 United Overseas Bank Ltd 122,459 122,4598,660 8,660 United Overseas Bank Ltd – (3) – (3)

14,414(4) 14,414(4) United Overseas Bank Ltd – – 25,000 25,000 United Overseas Land Ltd 34,559 34,5595,000 – Venture Corporation Ltd 105,606 –

10,000 10,000 WBL Corporation Ltd 35,218 35,2185,000 5,000 WBL Corporation Ltd – (3) – (3)

– 3,000 WBL Corporation Ltd W050531(1) – 1,2601,751,607 1,251,102

Market value 6,181,673 4,955,822

(1) these are warrants held at cost.(2) these are stock dividends issued.(3) these are bonus shares allotted to the Trustees.(4) these are shares allotted to the Trustees in a takeover offer.(5) these are shares allotted to the Trustees after share sub-division and capital reduction.(6) these are shares allotted to the Trustees after capital reduction.

6 QUOTED EQUITY INVESTMENTS (Cont’d)


24

(a) The above shares and warrants have been registered with The Central Depository (Pte) Ltd as they are scripless. Confirmation from The Central Depository (Pte) Ltd is also not possible as these shares and warrants together with the shares and warrants of other parties are held en bloc in the names of HSBC (Singapore) Nominees Pte Ltd. Confirmation of these shares and warrants has been obtained from HSBC Trustee (Singapore) Limited.

(b) Part of the above portfolio of quoted equity investment whose cost is $400,666 (2003 : $368,954) has a market value at 30 June 2004 amounting to $240,598 (2003 : $173,932). The Trustees are of the opinion that the present decline in the market values of these individual quoted equity investments below their cost is temporary and as such no provision for impairment in value of investments has been made.

7 OTHER PAYABLES2004

$2003

$

Association:Rental deposits received 18,000 18,000Fees received in advance 73,816 64,993Premium payable on lease renewal (Note 9) 68,667 68,667

Trustees:Trustee fees payable 1,169 4,627

161,652 156,287

8 ACCRUED LIABILITIES2004

$2003

$Association:Accrued operating expenses 79,612 292,858GST payable 5,724 14,905

85,336 307,763

9 PREMIUM PAYABLE

The lease for the Association’s leasehold premises was renewed on 30 September 2003. The new lease is for a period of 30 years from 18 July 1998. A premium of $1,030,000 for the renewal is payable by 15 annual interest-free instalments as follows:

2004$

2003$

Within 1 year (Note 7) 68,667 68,667

Within 2 to 5 years 274,668 274,668After 5 years 411,998 480,665

686,666 755,333


25

11 TRUST FUND2004

$2003

$

Balance at beginning of year 1,360,006 1,150,182Net income for the year 667,362 265,666Tax deducted at source (123,281) (55,842)Balance at end of year 1,904,087 1,360,006

The above relates to net income transferred to the Trust Fund for reinvestment purposes.

12 FRUIT MACHINES SURPLUS2004

$2003

$

Total collections 1,566,992 2,046,760

Expenses:Certification and verification fees 16,727 17,800CPF and SDF 6,365 7,175Depreciation of fruit machines 13,809 12,962Estate duty and GST 676,870 875,618Miscellaneous and refreshments 15,181 7,747Repairs and maintenance 15,158 14,705Replenishment coins and payouts to winners 554,359 756,200Salaries of attendants 74,968 71,479Staff welfare 150 457NETS transfer fee 1,944 3,373

1,375,531 1,767,516

Surplus 191,461 279,244

12 RENTAL OF FUNCTION HALL SURPLUS2004

$2003

$

Total collections 91,440 117,335

Expenses:Cleaning expenses 40,180 36,424Laundry 400 967

40,580 37,391

Surplus 50,860 79,944


26

13 KHALSA KINDERGARTEN DEFICIT2004

$2003

$

Income - Term fees 150,888 155,652

Expenses:Salaries of teachers 95,353 99,916CPF and SDF 8,289 14,014Other school expenses 58,743 68,925

162,385 182,855

Deficit (11,497) (27,203)

Included in the other school expenses is rental amounting to $15,600 (2003:$15,600).

14 EXPENDITURE2004

$2003

$Administration:Auditors’ remuneration– Association 7,000 7,000– Trustees 2,000 2,000Accounting fee 11,200 11,800Bank charges 499 348Casual labour 30 5,100CPF and SDF 5,484 7,327Depreciation and amortisation expense 303,010 325,103Donation - Others (3,921) 1,300 - SSEF 18,000 27,000 - SWC 12,000 18,000General expenses 10,290 13,016Insurance 18,976 16,868Loss on disposal of plant and equipment 8,833 4,328Medical expenses 271 290Meeting expenses 1,342 2,095Professional fee – 3,000Property tax 26,324 55,523Publications – 1,755Repairs and maintenance 48,426 30,013Safe deposit box (104) 150Salaries and wages 36,153 46,169Security expenses 36,270 39,000Stationery, postage and printing 12,731 11,296Telephone and telex 6,252 3,773Temporary occupation licence 6,431 25,234Transport 965 177Utilities 130,771 126,517

699,233 784,182Activities:Cultural activities 31,211 7,976Ladies wing expenses 1,186 1,870Sports and recreation 43,989 84,508Young Khalsa 10,715 (1,477)

87,101 92,877786,334 877,059


27

16 INCOME TAX EXPENSE

2004 2003$

Current year 20,000 30,000Overprovision in prior year – (3,923)

20,000 26,077

17 EXPENDITURE COMMITMENT2004 2003

$For fruit machines:Within 1 year 32,000 76,000

18 OPERATING LEASE COMMIITMENTS2004 2003

$

Within 1 year 30,500 – Within 2 to 5 years 51,000 –

Rental expenses for the year 15,500 –

The operating lease payments represent rental expenses payable for the association’s sports field. The lease term is negotiated for an average of two to three years and rentals are subject to an escalation clause but the amount of the rent increase is not to exceed a certain percentage. Such increases are not included in the above amounts.

18 CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT2004

$2003

$

Cash and bank balances 543,613 872,181

NON-CASH TRANSACTIONS – Additions to quoted equity investments during the year amounting to $54,553 (2003: $47,290) were stock dividends received.


28

SINGAPORE KHALSA ASSOCIATIONTRUSTEES


Year ended 30 June 2004

18 Cross Street, #08-01, Marsh & McLennan Centre, Singapore 048423Main (65) 6533 7600 | Fax (65) 6531 1811Email [email protected] | www.ChioLim.com.sg

SINGAPORE KHALSA ASSOCIATION TRUSTEES


C O N T E N T S

STATEMENT BY THE BOARD OF TRUSTEES ............................................................................................31

AUDITORS’ REPORT ... 32

BALANCE SHEET ......... 33

INCOME AND EXPENDITURE STATEMENT ...............................................................................................34

CASH FLOW STATEMENT ...........................................................................................................................35

NOTES TO FINANCIAL STATEMENTS ........................................................................................................36

2035-04

30

STATEMENT BY THE BOARD OF TRUSTEES

In the opinion of the Board of Trustees, the accompanying balance sheet and income and expenditure statement and cash flow statement together with the notes thereon, are drawn up so as to give a true and fair view of the state of affairs of Singapore Khalsa Association Trustees as at 30 June 2004 and the results and cash flows for the year then ended and at the date of this statement there are reasonable grounds to believe that the Singapore Khalsa Association Trustees will be able to pay its debts as and when they fall due.

Signed in Singapore on the 5 August 2004

On behalf of the Board of Trustees,

ON BEHALF OF THE DIRECTORS

............................ ............................Gurdip Singh UsmaTrustee

Karam SinghTrustee

5 August 2004


31

AUDITORS’ REPORT TO THE MEMBERS OFSINGAPORE KHALSA ASSOCIATION TRUSTEES

We have audited the accompanying balance sheet of Singapore Khalsa Association Trustees as at 30 June 2004, and the income and expenditure statement and cash flow statement for the year then ended set out on pages 3 to 9. These financial statements are the responsibility of the Board of Trustees. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with Singapore Standards on Auditing. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the Board of Trustees, as well as evaluating the overall financial statements presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements are properly drawn up in accordance with The Societies Act, Cap. 311 and Singapore Financial Reporting Standards, and so as to give a true and fair view of the state of affairs of Singapore Khalsa Association Trustees as at 30 June 2004 and of the income and expenditure and cash flows of the Trustees for the year ended on that date.

Chio Lim & AssociatesCertified Public Accountants

Singapore5 August 2004

32

BALANCE SHEET As at 30 June 2004

Notes 2004 2003$ $

ASSETSCurrent assetCash and cash equivalents 3 453,436 481,965Other receivables 4 12,190 12,210Total current assets 465,626 494,175

Non-current assetQuoted equity investments 5 1,751,607 1,251,102Total non-current assets 1,751,607 1,251,102

Total assets 2,217,233 1,745,277

LIABILITIES AND EQUITYCurrent liabilitiesOther payables 6 1,169 4,627Total current liabilities 1,169 4,627

CapitalThe Singapore Khalsa Association (“SKA”) 577,708 577,708

577,708 577,708

Trust FundsBalance at beginning of year 1,360,006 1,150,182Add : Income for the year 667,362 265,666Less : Tax deducted at source (123,281) (55,842)Total Trust Funds 1,904,087 1,360,006

Current Account 7 (265,731) (197,064)

Total liabilities and equity 2,217,233 1,745,277



33

INCOME AND EXPENDITURE STATEMENTYear ended 30 June 2004

2004 2003$ $

Dividend incomeGross dividends – Singapore 556,752 219,423 – Malaysia 8,113 7,412Gross dividends – United Kingdom 60,615 52,544Gross dividends – United States 13,514 –

638,994 279,379

Other incomeGain on sale of investment 1,182 – Fixed deposit interest received 559 2,780Surplus from cash distribution of investments 40,599 – Exchange (losses)/gains (21) 118

42,319 2,898

Total income 681,313 282,277

Less: Expenses

Administration expenses 222 334

Securities expenses 2,075 1,016

Agent’s fees 11,654 15,261

Total expenses 13,951 16,611

Excess of income over expenditure 667,362 265,666



34

CASH FLOW STATEMENTYear ended 30 June 2004

2004 2003$ $

Cash flows from operating activities:Surplus of accumulated funds 790,643 321,508Adjustments for : Gross dividend income (638,994) (279,379) Interest income (559) (2,780) Gain on sale of investment (1,182) – Surplus from cash distribution of investments (40,599) – Operating surplus before working capital changes 109,309 39,349 Other receivables 20 (12,160) Transfer to SKA for lease payments (68,667) (206,000) Other payables (3,458) 650Cash generated from/(used in) operations 37,204 (178,161) Dividend income received 461,160 176,247 Interest received 559 2,780 Income tax paid (123,281) (55,842)Net cash from/(used in) operating activities 375,642 (54,976)

Cash flows used in investing activities: Purchase of investments (460,242) (1,505) Proceeds from sale of investment 2,442 1,495 Proceeds from cash distribution of investments 53,629 – Net cash used in investing activities (404,171) (10)

Net decrease in cash (28,529) (54,986)Cash at beginning of year 481,965 536,951Cash at end of year (Note 9) 453,436 481,965



35

NOTES TO FINANCIAL STATEMENTS30 June 2004

1 GENERAL

The principal activities of the Trustees are to hold and manage the investments of the Singapore Khalsa Association.

There have been no significant changes in the nature of these activities during the year.

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

ACCOUNTING CONVENTION – The financial statements of the Trustees are prepared in accordance with the historical cost convention.

RECOGNITION OF INCOME AND EXPENDITURE – Income except for interest income is accounted for on a cash basis and expenditure on an accrual basis. Interest income is accounted for on an accrual basis.

Dividend income is recorded at gross at the date it is declared payable by the investee company.

For the years prior to and including 30 June 1998, the net income of the Trustees were distributed in the following manner:

(i) Two-third of net income was distributed to the Singapore Khalsa Association for paying income tax and all other incidental expenses relevant to producing the income.

(ii) The remaining one-third was transferred to the Trust Fund for reinvestment purposes.

From the year ended 30 June 1999, in accordance with a resolution passed at the Annual General Meeting of the Singapore Khalsa Association on 19 June 1999, the net income was transferred to the Trust Fund for reinvestment purposes.

INCOME TAX – The tax expense is determined on the basis of tax effect accounting, using the liability method and is applied to all significant timing differences. Deferred tax benefits are not recognised unless there is reasonable expectation of their realisation.

FOREIGN CURRENCY TRANSACTIONS – The functional currency is the Singapore dollar as it reflects the economic substance of the underlying events and circumstances of the entity. Transactions in foreign currencies are recorded in Singapore dollars at the rates ruling at the dates of the transactions. At each balance sheet date, recorded monetary balances and balances carried at fair value that are denominated in foreign currencies are reported at the rates ruling at the balance sheet date. All realised and unrealised exchange adjustment gains and losses are dealt with in the income statement.

ACCOUNTING ESTIMATES – The preparation of financial statements in conformity with generally accepted accounting principles requires the trustees to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.


36


LIABILITIES AND PROVISIONS – A liability and provision is recognised when there is 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. It is measured at the amount payable.

CASH – Cash for the cash flow statement includes cash and cash equivalents.

FAIR VALUE OF FINANCIAL INSTRUMENTS – The carrying values of cash, accounts receivable and accounts payable approximate their fair values due to the short-term maturity of these instruments.

NON-CURRENT INVESTMENTS – Non-current listed investments held as available-for-sale financial assets included under non-current assets are stated at cost and any impairment in value which is other than temporary is recognised in the income statement.

RISK MANAGEMENT POLICIES FOR FINANCIAL INSTRUMENTS

CREDIT RISK ON FINANCIAL ASSETS – Financial assets that potentially subject the company to concentrations of credit risk consist principally of cash, cash equivalents and investments. The trustees believe that the financial risks associated with these financial instruments are minimal. The trustees place its cash and cash equivalents and investments with high credit quality institutions.

OTHER RISKS ON FINANCIAL INSTRUMENTS – The trustees monitors its interest, foreign exchange risks, and changes in fair values from time to time and any gains and losses are included in the income statement. The trustee is exposed to interest rate price risk for financial instruments with a fixed interest rate and to interest rate or cash flow risk for financial instruments with a floating interest rate that is reset as market rates change. The trustees is also exposed to changes in foreign exchange rates and liquidity of businesses. The trustees does not utilise forward contracts or other arrangements to minimise these risks.

3 CASH AND CASH EQUIVALENTS2004

$2003

$

Cash at bank 332,935 19,354Fixed deposits 120,501 462,611

453,436 481,965

4 OTHER RECEIVABLES2004

$2003

$

Dividends and interest receivable 12,190 12,210


37

5 QUOTED EQUITY INVESTMENTS

Shares held at cost:

30.6.04 30.6.03. 30.6.04 30.6.03$ $

6,000 6,000 DBS Group Holdings Ltd 58,155 58,155825 825 DBS Group Holdings Ltd – (3) – (3)

16,250 – Capitacommerical Trust – (3) – 65,000 65,000 Capitaland Ltd 232,079 232,07916,250 16,250 Capitaland Ltd (rights issue) 37,375 37,37550,177(6) 55,753 Fraser & Neave (S) Ltd 117,260 130,29036,884 26,884 Haw Par Corp Ltd 104,583 60,9351,000 1,000 Haw Par Corp Ltd – (3) – (3)

30,000 – Hyflux Ltd 39,826 – 7,500 – Hyflux Ltd – (3) –

24,000 4,000 Keppel Corp Ltd 135,638 37,4161,000 1,000 Keppel Corp Ltd – (3) – (3)

12,500 12,500 Keppel Land Ltd 25,606 25,6061,000 1,000 Keppel Land Ltd – (3) – (3)

17,106 17,106 Overseas Chinese Banking Corp Ltd 93,013 93,0137,394 7,394 Overseas Chinese Banking Corp – (3) – (3)

12,000 – OCBC 4.2% non-cumulative PS 11,940 – 60,000 60,000 Sime Darby Berhad 34,715 34,71512,000 12,000 Sime Darby Berhad – (3) – (3)

15,000 – Singapore Airlines Ltd 161,000 – – 65,000 Singapore Press Holdings Ltd – – – 38,000 Singapore Press Holdings Ltd – – (3)

437,750(5) – Singapore Press Holdings Ltd – – 44,901 44,901 HSBC Holdings PLC 143,174 143,1749,643 7,377 HSBC Holdings PLC 206,015(2) 151,462(2)

50,000 50,000 The Straits Trading Co Ltd 53,386 53,38610,000 10,000 The Straits Trading Co Ltd – (3) – (3)

23,012 23,012 United Overseas Bank Ltd 122,459 122,4598,660 8,660 United Overseas Bank Ltd – (3) – (3)

14,414(4) 14,414(4) United Overseas Bank Ltd – – 25,000 25,000 United Overseas Land Ltd 34,559 34,5595,000 – Venture Corporation Ltd 105,606 –

10,000 10,000 WBL Corporation Ltd 35,218 35,2185,000 5,000 WBL Corporation Ltd – (3) – (3)

– 3,000 WBL Corporation Ltd W050531(1) – 1,2601,751,607 1,251,102

Market value 6,181,673 4,955,822

(1) these are warrants held at cost.(2) these are stock dividends issued.(3) these are bonus shares allotted to the Trustees.(4) these are shares allotted to the Trustees in a takeover offer.(5) these are shares alloted to the Trustees after share sub-division and capital reduction.(6) these are shares alloted to the Trustees after capital reduction.


38

5 QUOTED EQUITY INVESTMENTS (Cont’d)

(a) The above shares and warrants have been registered with The Central Depository (Pte) Ltd as they are scripless. Confirmation from The Central Depository (Pte) Ltd is also not possible as these shares and warrants together with the shares and warrants of other parties are held en bloc in the names of HSBC (Singapore) Nominees Pte Ltd. Confirmation of these shares and warrants has been obtained from HSBC Trustee (Singapore) Limited.

(b) Part of the above portfolio of quoted equity investment whose cost is $400,666 (2003 : $368,954) has a market value at 30 June 2004 amounting to $240,598 (2003 : $173,932). The Trustees are of the opinion that the present decline in the market values of these individual quoted equity investments below their cost is temporary and as such no provision for impairment in value of investments has been made.

6 OTHER PAYABLES 2004

$2003

$

Trustee fees payable 1,169 4,627

7 CURRENT ACCOUNT2004

$2003

$

Balance at beginning of year (197,064) 8,936Less : Transfer to SKA for lease payments (68,667) (206,000)Balance at end of year (265,731) (197,064)Represented by:Advances to SKA (400,000) (400,000)Lease payment and others 134,269 202,936

(265,731) (197,064)

The advances are for the purpose of building renovations.

8 INCOME TAX

The tax expense relating to the financial statements of Singapore Khalsa Association Trustees is reflected in the financial statements of the Singapore Khalsa Association.

9 CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT2004

$2003

$

Cash and bank balances 453,436 481,965

NON-CASH TRANSACTIONS – Additions to quoted equity investments during the year amounting to $54,553 (2003: $47,290) were stock dividends received.


39

SINGAPORE KHALSA ASSOCIATION2 TESSENSOHN ROAD SINGAPORE 217646Tel: 62981230/62986206 Fax: 62924782

www.singaporekhalsa.org.sg email: [email protected]

APPLICATION FOR MEMBERSHIP

ACTIVITES **

Are you a member of any Social, Cultural, Sports, and Political organisation? Yes No

If Yes, Please state name/s of the organisations: _____________________________________________________________________

Please indicate, which of the games/activities you are interested in:

Hockey Soccer Netball Indoor Games Billards Culture

Others (Please specify) _________________________________________________________________________________________

Have you ever been convicted of any criminal offence Yes No Have you ever been adjudicated a bankrupt Yes No

Have you at any time been expelled/suspended from SKA or any other club* Yes No

DECLARATION 1. I hereby declare that all information given

in this application form is true to the best of my knowledge. I understand and agree that any false information given will disqualify my application.

2. If approved as a member I will abide by the Rules and Regulations of the Association.

__________________ _____________Applicant’s Signature Date

PROPOSER

Name:_______________________

M/NO: ______________________

____________________Signature

SECONDER

Name:_______________________

M/NO: ______________________

____________________Signature

IMPORTANT NOTE: Both the Proposer and Seconder of this application must be Life or Ordinary members of Singapore Khalsa Association.

FOR OFFICIAL USE

APPLICATION VERIFIED BY__________________ ___________Manager/Secretary Date

Payment Receipt No: ________________________________

Date: _____________________________________________

Cheque No: ________________________________________

MANAGEMENT COMMITTEETabled at the Management Committee Meeting held on ______________ .

Approved/Not Approved: _____________________________

____________________ _____________ President/Secretary Date

JUNIOR MEMBERSHIP COMPLETION REQUIREMENT

Name Of School/Institution: ________________________________ If NS, Date of Enlistment (Excludes Regular Service):

Type of Full-Time Course: ___________________________________ ORD (Operational Ready Date): ________________________

Date of Completion of Course: ________________________ Remark: _________________________________________________

Affix 2 Recent

passport size photos

PERSONAL DATA

Name (In Block Letters)

Correspondence Address

Tel (H) __________________ (O) _______________________ (HP) ________________________ (Fax) _________________________

Email _____________________________________________ Occupation ______________________________________ Sex: M / F

Nric/Passport ____________Date of Birth _______________ Citizenship __________________ Marital Status _________________

I shall be obliged if you could kindly enroll me as a LIFE ORDINARY LIFE ASSOCIATE ASSOCIATE

SPORTING JUNIOR LADY ORDINARY ASSOCIATE

FOR MORE DETAILS, VISIT OUR WEBSITE www. singaporekhalsa.org.sg40

SINGAPORE KHALSA ASSOCIATIONDEVELOPMENT

BUILDING & FACILITIES

This year has seen continual improvements of the Association’s building and facilities. This is part of the planned programme to upgrade the building and premises so as to enhance them and provide new facilities to serve the members.

The first phase was completed in 2002/2003 in major upgrading of the building, the first since the building was put up over 30 years ago. Apart from giving a face-life to the entire building, this phase included a new air-conditioned hall on the second story, including an extension into the previous porch, and provided with the ambience for holding a wide range of functions. The other floors were refurbished for use such as the lounge and restaurant on the third floor, and the fourth floor has been renovated for functions. A electricity substation was built to meet the higher power supply requirements. The building was repainted the restrooms and lift lobbies was upgraded during the year.

SPORTS HARDCOURTA sports hardcourt has been constructed for various sporting activities such as hockey, football and netball. Complementing this, the ground floor restrooms have been renovated and provided with shower and locker facilities.

LIFTSFollowing from the upgrading of the building, a new lift and the existing lift have been upgraded so that the building is served with two lifts.

CARPARKThe carpark has been renovated and extended to provide for the maximum number of parking lots. The surface has been paved with interlocking tiles and landscaping works done to provide greenery and beautify the premises, including palm trees alongside the boundary of the premises. Landscaping spot lighting has been fixed to enhance the aesthetics of SKA premises at night.

JASBIR KAUR Chairperson, Building & Facilities

Our deep, heartfelt sympathies and condolences to Our dear MC Member Mr Gurmeet Singh who passed away peacefully on 20 May 2004. His years of service to our community will always be remembered.

SKA OPENING HOURS10am – 6pm Monday to Friday10am to 2pm Saturday, Sunday ClosedTel: 62981230/62986206 Fax: 62924782Email: [email protected]: www.singaporekhalsa.org.sg

SKA JACKPOT ROOM9am to 11pm Monday to Sunday

SKA LOUNGE & RESTAURANT(Teesri Manzil)6pm – midnightLive Music 8pm to 1am on last Fridays of the monthClosed on Mondays

UPCOMING EVENTS

24 Sep to 7 Nov 2004Young Khalsa Debate Festival

19 November 2004Sitareh Ki Raat

27 November 2004PNG Talk

8th Dec to 11th Dec 2004Gurdwara Cup (Kedah)

25th to 26th Dec 2004Soccer/Hockey/Netball Tournament

FUNCTION HALLS FOR HIRE (WEDDING/BIRTHDAY/

ENGAGEMENTS & PARTIES)

The following Function Halls are available for hire for Members/Non-Members

• 1st floor hall for Jago/wedding lunch/dinner

• Ground floor open area (next to turf ) for barbeque, childrens parties

• Space on the tuft for sports activities, children’s games

• 2nd floor hall has capacity for 500 people

• 3rd Floor restaurant for 200 people

• 4th Floor hall for 200 people

• Football field@SCRC

Founded in 1931, the Singapore Khalsa Association was the brainchild of a few Sikh schoolboys who shared a common enthusiasm for sports. Singapore Khalsa Association has a remarkable history and has developed over the years, and has triumphed over adversity.

The importance of the Association’s development lies in the fact that it reflects the transformation of its membership and Sikh community at large in Singapore. To cater to the changed needs of the members and community, the Association has burgeoned into a center for social and cultural activities, and leads in the support for Punjabi education. The Association provides avenues through which the present and future generations of members and the Sikh community will be continually reminded of our cultural and sporting heritage.

OUR HERITAGE

Documents

ANNUAL REPORT 2003/2004 - Singapore Khalsa