Striding Forward Embracing divErSity03 annual report 2015 notice and agenda 1. notice is hereby given that the annual general meeting of the eurasian association, singapore, will be

AnnuAl RepoRt 2015

Striding Forward Embracing divErSity

corE valuESour core values for the Association – pride, Humility, Integrity, and excellence.

Pride for the Community.

Humility in our Actions.

Integrity in our Conduct.

excellence in our Social Responsibility for the Community through education, Family Support, and Community Development programmes.

miSSionto enrich the legacy of our Cohesive and Vibrant eurasian Community that is integrated with and Contributing to a Multi-ethnic, Multi-religious and Multi-cultural Singapore.

rationalEStriding ForwardEmbracing Diversity the design serves as a visual representation of the eurasian Association’s mission and pays tribute to our core values and objectives. the multiple sets of footprints represents how we stand together and progress forward as a community while the colourful fabric symbolises the diversity and vibrancy of our community.

Following last year’s SG50 celebrations, the eurasian Association has much to celebrate. We launched The Eurasian Collection, a celebration of memorabilia held by the eurasian community. the eA also participated in various events promoting our heritage. At the eurasian Community Fund education Awards and the Joint tuition Awards, more deserving eurasian students received assistance and encouragement to reach their potential. We reached out to our Family Support Services (FSS) beneficiaries to share the yuletide joy with them at the annual FSS Christmas lunch. through these activities, we enable our members discover their rich heritage and work with the community to help all reach their potential. Going forward, we are committed to making opportunities available to the eurasian community. the eurasian Association is here for you, and here for the long run – together, let’s stride forward and embrace diversity.

01ANNUAL REPORT 2015

contEntS02 Management Committee

03 Notice And Agenda

05 President’s Message

08 Honorary Secretary’s Report

11 Minutes of AGM 2015

15 Education eurasian Community Fund education Awards eA Merit Bursary Awards eA university Scholarship new Awards Singapore Buddhist lodge Bursary Awards temasek Cares education Bursary & Coral de Cruz Memorial Fund Ctp & SHGs’ Joint tuition Awards SInDA Back to School Festival Homework Supervision programme Creative thinking Workshop by M.A.D School

20 Family Support Services Friends of FSS Silent Minority Compassionate Bursary Woh Hup (private) ltd FSS Christmas party Christmas Hampers

Community Development 22 Youth

Young eurasian professionals (Yep) Get-together session Résumé Writing & Interview Skills Workshop

23 EA Golf Society (EAGS) Inter-Social Club Golf tournament

24 Heritage the eurasian experience tour @ eurasian Heritage Centre Sharing eurasian Culture Collaborations with other organisations preserving eurasian Culture

28 Performing Arts Chapter (PAC) Chingay parade SeA Games opening Ceremony

Inter-Racial Inter-Religious (IRIR) Harmony nite

29 Social Circle events external events

32 Social Circle Sub-Section Artsy Craftsy Read@eA Mahjong/Chikee therapy Quiz night tea@eA (Games Day) Balut Section

33 Toastmasters Club In-House International prepared Speech & table topic Contest Area D2 International Speech & table topic Contest Installation Ceremony & Chapter Meeting Humorous Speech & evaluation Speech Workshop In-House Humorous Speech & evaluation Contests Joint Chapter Meeting toastmasters at the eurasian Community Fund Awards Ceremony Christmas Chapter Meeting General Information

35 Corporate Communications the Communications Committee the neweurasian Magazine the eurasian (e-newsletter) Website Facebook Instagram

37 House Operations eddie’s place utilisation of Facilities House Maintenance Sinking Fund opening of public Carpark upgrading of Facilities and System

Community Development 38 Volunteer Management Volunteer Appreciation

39 Treasurer’s Report

42 Financial Statements

02euRASIAn ASSoCIAtIon

POST NAME

President Mr. Benett theseira

1st Vice-President Ms. Carla Jacqueline Barker

2nd Vice-President Ms. Yvonne Marie pereira

Honorary Secretary Mr. Geoffrey da Silva

Honorary Treasurer Mr. paul leong

Committee Members

Ms. Francesca eberMs. Angelina FernandezDr. Alexius A. pereiraMr. Kevin n.M. AeriaMs. Charlene lee

PATRONSMr. Herman R. HochstadtMr. SR nathanMr. George Yeo

TRUSTEESMr. oscar oliveiroMr. Barry DeskerMr. timothy de SouzaMr. Joseph F. ConceicaoMr. Gerald MinjootMr. Gerard de Silva

MANDATORY COMMITTEES

AUDIT COMMITTEEMr. Boris linkMs. Helen leeMs. lim Yih Chyi

FUNDRAISING COMMITTEEMr. Francis RemediosMr. Ralph Stanley

managEmEnt committEENON-MANDATORY COMMITTEES

LEGAL ADVISORY PANELMr. Martin MariniMr. William da Silva

MC MEMBERS & SENIOR MANAGEMENT STAFF (Representing EA in External Committees)

Mr. Benett TheseiraCouncil Member National Integration Council (NIC)

Dr. Alexius A. Pereira Compulsory Education BoardMinistry of Education

Ms. Yvonne Marie PereiraManagement Committee OnePeople.Sg

Ms. Francesca EberBoard of GovernorsNorthLight School

Mr. Lester LowMember of the Racial & Religious Harmony Board Ministry of Culture, Communityand Youth (MCCY)4th National Committee on Youth Guidance andRehabilitation


noticE and agEnda1. NOTICE IS HEREBY GIVEN THAT THE ANNUAL GENERAL MEETING OF THE EURASIAN ASSOCIATION,

SINGAPORE, WILL BE HELD AT THE EURASIAN COMMUNITY HOUSE, 139 CEYLON ROAD, SINGAPORE ON SATURDAY, 16 APRIL 2016 AT 5.00PM.

2. AGENDA2.1. president’s address2.2. to confirm the minutes of the Annual General Meeting held on 10th April 20152.3. Matters arising from the minutes of the Annual General Meeting held on 10th April 20152.4. to receive the Annual Report and Audited Financial Statements for the year ending 31 December 2015 pursuant to Clause 25(a) of the rules of the eurasian Association, Singapore and Clause 23.2(b)(iv) of the AGM Bye-laws2.5. to elect office Bearers and Members of the Management Committee2.6. to appoint the Association’s Auditors for the ensuing year2.7. to consider and if deemed fit, to adopt the following amendment to the Rules of the eurasian Association, Singapore. to further improve governance of public funds, the eA’s Board of trustees will be provided with approval authority for the eA’s annual budget. this requires for amendments to the Finance By-laws within the Constitution.

2.7.1 Rule 32 of Financial Bye laws (Budgets) shall read as follows:

“the Committee is responsible for establishing annual budgets for normal expenditure which must be approved by the Board of trustees. the budget will serve as a guideline for the Committee and treasurer in the execution of their duties.’’

“Whenever deemed necessary or as and when the forecast surplus (or deficit) is expected to deteriorate by 10% or $150,000.00 (whichever is greater) than the approved annual budget, the budget must be reviewed by the Committee and a revised budget submitted to the Board of trustees for approval. the Committee and treasurer will then be guided by the terms of the revised budget.’’

“the treasurer shall no less than on a quarterly basis provide a financial report to the Committee and Board of trustees indicating the financial status of the Association and the forecast surplus (or deficit) in comparison with the approved budget (or revised budget as the case may be) with a satisfactory explanation provided for any deviations from the budget.’’

2.7.2 Rule 33 of Financial Bye-laws (projects) shall read as follows:

“every project undertaken by the Association must be approved by the Committee. the approval procedure requires the submission of an outline of the project together with a financial budget. Should the expected cost of a project exceed $150,000.00, the project budget must be approved by the Board of trustees.’’

“A financial report must be submitted at the end of each project to the Committee (and the Board of trustees where applicable) and satisfactory explanation must be provided by the relevant sub-committee for any significant deviations from the budget.”

2.7.3 Rule 36 of Financial Bye-laws (payments) shall read as follows:

“payments & expenditure’’

“Any purchase or expenditure item in excess of $150,000.00 must be approved by the Board of trustees.”

“All disbursements in excess of SGD500.00 must be approved either through budgets established by the Committee (or the Board of trustees where required) or in the absence of budgets or if in excess of budgets, by any two Members of the Committee provided the aggregate of these disbursements within a 1 (one) month period does not exceed $3,000.00. Such ad-hoc payments must be reported at the following Committee monthly meeting and minuted.”

2.8. to discuss any other matters arising in accordance with the Rules of the Association


noticE and agEnda (continued)

3. NOTES 3.1. the Annual Report includes the following:

3.1.1. Minutes of the Annual General Meeting held on 10th April 20153.1.2. Audited Financial Statement of the eurasian Association 3.1.3. Audited Financial Statement of the eurasian Association endowment Fund3.1.4. nomination Form

3.2. the Annual General Meeting is open only to registered members of the Association. non-members will not be allowed to attend

3.3. In accordance to Rule 29(b) of the Rules of the Association, only ordinary Members are entitled to vote in person, or by proxy

3.4. nomination for office Bearers and Committee Members must be received by the Committee at least 14 days before the Annual General Meeting and must be prescribed form as annexed hereto

3.5. Registration procedures:3.5.1. each member shall produce her/his identity card to the relevant Registration officer3.5.2. the Registration officer shall check that the name of each person seeking admission to the Annual General

Meeting appears on the Membership Roll3.5.3. each Member shall initial against her/his name in the Membership Roll3.5.4. Ballot entitlement slips shall then be issued to each life Member and ordinary Member by the persons

appointed for this purpose by the Management Committee3.6. procedure for election of office Bearers and Committee Members

3.6.1. Candidates for election may address the Chair if they wish, but in any case, for no more than 5 minutes each3.6.2. the Chairman shall at her/his discretion decide whether to allow speeches in support of a candidate, and if so,

shall announce how many members may speak and for how long3.6.3. Scrutineers shall be appointed by the members present to count votes on a show of hands3.6.4. each position for an office Bearer shall be voted upon separately and one candidate shall be elected to each

post (except the posts of Vice-president) in the following sequence: first, president; second, 1st Vice-president; third, 2nd Vice-president; fourth, Hon. treasurer; fifth, Hon. Secretary; and sixth, Assistant Hon. Secretary.

3.6.5. After the election of the office Bearers, the position for the five Committee Members shall be voted upon separately. the five candidates who gain the most votes shall be declared by the Chairman to be elected as Committee Members.

By order ofthe Management Committee

Mr. Geoffrey da SilvaHonorary Secretary

Registered office: 139 Ceylon Road, Singapore 429744

Date: 25th February 2016


PrESidEnt’S mESSagEthe year 2015 has certainly been a memorable one for all Singaporeans and the eurasian Community. the year marked Singapore’s 50th anniversary of nationhood, a significant milestone that encouraged all of us to reflect on the tremendous journey and challenges that Singapore had overcome over the last five decades as we joined the rest of the nation in numerous jubilee events and celebrations.

Just months prior to Singapore’s Golden Jubilee, we mourned the passing of our founding prime Minister, Mr. lee Kuan Yew on 23rd March. It was a week of national mourning which saw Singaporeans of all ages and races come together to celebrate his lifetime of achievements. together with other community organisations representing the four main ethnic communities, we also organised an event to pay tribute to him which was attended by prime Minister lee Hsien loong, most of the cabinet ministers and numerous community leaders. Mr. lee Kuan Yew was a man whose unprecedented vision and determination led us out of adversity and into building the successful nation that Singapore is today. He was committed to building a model multiracial society believing that, regardless of our race or religion, Singapore belonged to all of us. our eurasian community has benefitted from this multiracial policy. the eurasian Association (eA) is recognised as one of the four ethnic self-help groups and we receive significant financial support from the government and many non-eurasian donors. As a result, the eA and the eurasian community continue to thrive despite our very small size.

A number of eurasians were part of the pioneer team of political leaders and civil servants, including eW Barker, Dr. Benjamin Sheares, Stanley Stewart, Herman Hochstadt, John le Cain, George Bogaars, Maurice Baker, Joseph Conceicao and Kenneth Byrne. Many eurasians played significant roles in the civil service, the military, police and education profession, helping to build the foundations of the world- class civil service that we have today. In connection with the jubilee year celebrations, eA has produced a book entitled Our City, Our Home: Singapore Eurasians. the book features 50 eurasians who have been successful in their respective fields and contributed significantly to society during 1965 to 2015. When we embarked on this project, the aim was to reflect on the eurasian community’s contributions to nation building and also to highlight their efforts in creating the Singapore of today.

In a similar vein, on 25th July, we held a special event in collaboration with the national university of Singapore (nuS) to commemorate the launch of the George edwin Bogaars professorship in History. Mr. Bogaars was a great statesman and leader who inspired with his work ethic and vision and was a role model for many. He helmed many key positions in the government, including the head of the Civil Service and worked alongside Dr. Goh Keng Swee in the Ministries of Finance and Defence, played a primary role in the setting up of the Singapore Armed Forces, was head of Special Branch and was responsible for building up Keppel Corporation. We hope that the book and this nuS professorship will serve as inspirations to our younger generation and future leaders.

In 2015, Singapore also hosted the 28th SeA Games and the host team performed particularly well by topping the medal standings with the most medals and second to thailand in the number of gold medals. Just as many eurasians did us proud in helping to build modern-day Singapore, a number of younger eurasians did both country and community proud with their sterling performance at the games. Joseph Schooling proved yet again to be an outstanding athlete as he won nine gold medals, setting many new games records in the process. Among other top performances and gold medal winners were Mark leong (water-skiing), the son of our Honorary treasurer paul leong, Shelby Koh (netball) and Samantha neubronner (sailing). While their achievements are certainly commendable, all of them will tell you that it took a lot of commitment, hard work, juggling training and studies to get there. Certainly a lesson for all of us that with hard work and commitment, we can achieve success in whatever we aspire to.

over the course of the year, the eA worked together with the community, volunteers, donors, government agencies and many other organisations in order to support our three key pillars; education, Family Support Services (FSS) and Community Development. We are certainly very thankful for all their support and enabling us to touch more lives in the eurasian community.

Education In 2015, the eA held many education events and award ceremonies and disbursed around $241,000 to almost 450 students from primary, secondary and tertiary levels.

one of the major events organised was the Joint tuition Awards (JtA) ceremony in which the four Self-Help Groups came together to award students who excelled in the Collaborative tuition programme (Ctp). eA had the opportunity to organise the JtA and collaborated with the other SHGs to present an SG50


cookbook entitled Singapore’s Multiracial Recipe which was presented to Minister S Iswaran, the guest of honour, as a token of appreciation.

our main education event for the year, the eurasian Community Fund (eCF) education award ceremony was held in october and nearly 300 eurasian students were rewarded and recognised for their academic success. We also used the opportunity to commemorate SG50 with our students through essays and artworks showcasing their aspirations for Singapore in the next 50 years. Fifty of these were published in a book entitled Beyond SG50, Visions of the Future, which was launched at the event. the cover of the book was a special painting by Ruby elvina Wyse, who graduated from lASAlle College of the Arts, featuring prominent art styles from the Chinese, Malay, Indian and eurasian communities, which was presented by her to our guest of honour Minister ng Chee Meng.

At the eCF education awards event, it was heartening to see eurasian students who are excelling across a wide variety of fields and pursuing diverse interests. they were presented with various awards such as the S R nathan education Award. the students were encouraged to share their stories of how they have persevered despite hardships. We also recognised five students who have come forward to serve the community through our newly launched Homework Supervision programme. these tertiary students, who are past eCF award recipients, provide mentorship to younger students who need guidance to unlock their potential. these students are a fine example of our community spirit; after all, there are no better champions for ensuring a brighter future for the eurasian community than our own youth.

In August, we announced a new initiative in collaboration with the other self-help groups to jointly run 30 school-based Student Care Centres (SCC). An extension to the existing Ctp collaboration, SCCs aim to provide care and learning support for students by tapping on the combined resources of all four community groups. the centres, which will be for both primary and secondary children, will be located in schools and provide care and support for students after school, incorporating programmes to meet the broad range of the students’ social, emotional, recreational, physical, intellectual and creative needs. there are already three SCCs in existence and the remainder are planned to be in place by 2020.

During the year we also held the project Ray of Hope Ceremony in which the Ministry of Culture, Community and Youth (MCCY) funds were disbursed via vouchers to alleviate the cost of education for several students and the temasek Cares education Bursary and Coral de Cruz Memorial Fund Award Ceremony. We will continue to provide opportunities for students and assist those with financial needs in order to ensure that they are free to embark on the multiple pathways that are provided to them. I hope to see a gracious and successful younger generation emerge and spur on one another.

Family Support Services (FSS)the FSS arm of the eA provides assistance to numerous families and elderly who are facing different needs in areas of housing, health, employment and family issues. We are working hard to ensure that this segment of the community are getting the necessary assistance and are supported through various initiatives such as financial assistance, food rations and counselling. We work closely with the clients and evaluate each case carefully in order to extend assistance to more people and tailor it according to their needs. throughout this year, we supported an average of 125 individuals and an average of 65 families in order to help them cope with their challenges.

In December, we held the annual FSS Christmas lunch where more than 100 guests enjoyed the opportunity to celebrate Christmas with friends and our FSS volunteers. the event is one of the few social events they are able to attend during the year. We requested for members of the community to donate in order to support this event and were pleased to raise enough funds and provide all of the clients with a festive meal and entertainment. Students from the ISS International School volunteered their time to serve the FSS clients and provided them with entertainment for the afternoon.

Community DevelopmentIn the areas of Community Development, I am pleased to announce that SG50 provided eA with plenty of opportunities to showcase the eurasian culture and heritage. We took part in various events such as the Inter-Racial Inter-Religious Harmony nite, orange Ribbon Run, Chingay parade and many more. one of the key highlights was the dance performance by the eurasian contingent during the SeA Games opening Ceremony – The Big Singapore Welcome. It was a joint collaboration between the eA and ISS International School. It was a prestigious and proud moment for many in the community to watch the traditional portuguese folk dance, Jinkli Nona being performed on the national stage.

PrESidEnt’S mESSagE (continued)


“Over the course of the year, the EA worked together with the community, volunteers, donors, government agencies and many other organisations in order to support our three key pillars; Education, Family Support Services (FSS) and Community Development. ”

to commemorate SG50, two books were published by the eA. In addition to the book Our City, Our Home: Singapore Eurasians, a heritage book entitled The Eurasian Collection was launched on 12th December. the book comprises a compilation of artefacts that have their own tale of eurasian history, traditions and culture. Many of the items were treasured by eurasian families for decades. We believe that the book is a valuable resource for those interested in eurasian heritage and provides a look into a eurasian’s home and lifestyle.

there were many other important events held during the year including our regular Sunday lunches, Appreciation Dinner for our volunteers, donors and national Day Award recipients and many more. A slew of regular activities were made possible with the help from the Social Circle Committee. All these events are designed to bring members of the community together to strengthen our ties and community bonds. We were also pleased to host close to 1,500 visitors at the eurasian Heritage Centre.

I am proud that three eurasians, amongst others, received the national Day Award in 2015. Carolyn De Souza who showed admirable courage during the Sabah’s Mount Kinabalu earthquake. She was one of the teachers present at the tragedy. eA trustee, timothy de Souza was awarded the Meritorious Service Medal for his exceptional contributions to the community. Richard Magnus, former Senior District Judge, Chairman of the public transport Council and Member of the public Service Commission amongst many other public positions that he holds, was awarded the public Service Star for his role as the founding Chairman of the Casino Regulatory Authority. We hope that more eurasians display their mind-set towards public service and begin to take a more active role in society to make a difference in the lives of many.

Financially, it has been another successful year for the eA as we enjoyed the benefits of the increase in eCF contributions and the government matching grant as well as the added incentive of the Care and Share programme. We ended the year with a surplus of $866,006, of which $150,000 has been set aside as reserves in the sinking fund for the eurasian Community House and $210,000 in the eA university Scholarship. Donations to the eCF via the CpF contributions by eurasians increased by 39% to $726,189 from $521,182 in the previous year. In addition, $597,189 was raised during the year through donations and various fund raising projects.

In conclusion, I would like to express my heartfelt thanks to the staff in our Secretariat, our numerous volunteers and donors, our patrons, the Board of trustees and my fellow Management Committee members for their support and hard work. let’s continue to work together towards building a better, stronger and more vibrant eurasian community.

Benett TheseiraPresident


the Management Committee is pleased to present the Annual Report of the eurasian Association (henceforth referred to as ‘the Association’) and the Financial Statement of the Association for the period from 1 January 2015 to 31 December 2015.

As of 31 December 2015, the Management Committee consists of the following:

POST NAME

President Mr. Benett theseira

1st Vice-President Ms. Carla Jacqueline Barker

2nd Vice-President Ms. Yvonne Marie pereira

Honorary Secretary Mr. Geoffrey da Silva

Honorary Treasurer Mr. paul leong

Committee Members

Ms. Francesca eberMs. Angelina Fernandez Dr. Alexius A. pereiraMr. Kevin n.M. AeriaMs. Charlene lee

* Mr. Gerard Theseira resigned from the Management Committee in March 2015

MEETINGSthere were 6 Management Committee meetings and 4 Board of trustees meetings between January 2015 and December 2015. Management Committee members’

Honorary SEcrEtary’S rEPortattendance at these meetings consist of the following:

JANUARY 2015 – DECEMBER 2015(6 MC meetings)Mr. Benett theseira (6), Ms. Carla Jacqueline Barker (2), Ms. Yvonne Marie pereira (6), Mr. Geoffrey da Silva (4), Mr. paul leong (4), Ms. Francesca eber (4), Ms. Angelina Fernandez (4), Dr. Alexius A. pereira (5), Mr. Kevin Aeria (5), Ms. Charlene lee (5).

(4 BOT meetings)Mr. Benett theseira (4), Ms. Carla Jacqueline Barker (0), Ms. Yvonne Marie pereira (3), Mr. Geoffrey da Silva (2), Mr. paul leong (1), Ms. Francesca eber (4), Ms. Angelina Fernandez (0), Dr. Alexius A. pereira (4), Mr. Kevin Aeria (3), Ms. Charlene lee (1).

IPC STATUSthe Association, being accorded Institute of public Character (IpC) status and being one of the Self-Help Groups working for public benefit, has emphasised transparency and good corporate governance. this is an increasingly important criterion for any potential donor wishing to donate to the Association.

the Association’s IpC status was renewed for the period of 5 years; from 18 May 2015 to 17 May 2020.

REVIEW OF CONSTITUTION the Association amended Rule 10 in the Constitution to create a new ‘Associate

Appreciation lunch with Mr. Tan Kian Chew (third from left) and Mr. Lim Boon Heng (fourth from right)

Thai Princess’ Deputy Chief of Mission to present a cake to EA

Presenting sugee cake to HE Afonso Malheiro, Ambassador of Portugal (right)

Lunch with Mr. George Yeo (sixth from left)


International’ membership category. the change was to attract eurasians abroad to keep in touch with their roots. the amendment enabled many former Singaporean eurasians who have migrated to keep abreast of events and initiatives at the eA and also allowed eurasians in Singapore who are not Singaporean or permanent Residents to join the association as members.

IPC CODE OF GOVERNANCE the IpC portal was updated in March 2015 in accordance with the requirements of MCCY.

HR POLICIES the Association has in place a set of new HR policies which are aligned with that of nCSS.

AUDITOR Foo Kon tan Grant thornton is the appointed auditor for the Association for another year.

SECRETARIAT As of 31 December 2015, the Secretariat team consisted of the following:

POST NAME

General Manager Mr. lester low

Senior Accountant Ms. Bernadette Soh

Assistant Manager (Heritage & Culture)

Ms. Jacqueline peeris

Assistant Manager (Corporate Communications)

Ms. M Revathhi

Assistant Manager (Case Work, Family Support Services)

Mr. Jagannathan Ramakrishnan

Admin Executive Ms. Bridget Valeria Basnayake

Programme Executive (Education)

Mr. Keith Kuah

Events Executive Ms. lestrine tan

Operations/Events Executive

Mr. Seow ting Zhou

Accounts Assistant Mr. Albert pok

MEMBERSHIP

DESCRIPTION As of Year Ending 2015

Life Members 2179

Ordinary Members 2

Associate Life Members 322

Associate Ordinary Members 2

Associate International Members

2

Junior Members 53

Grand Total 2560

EA MANAGEMENT COMMITTEE MEMBERS ON NON-EA COMMITTEES A number of eA Management Committee members sit on various working committees on racial and religious affairs, onepeople.sg, national Integration Council, Compulsory education Board, Minister of Culture, Community and Youth, northlight School, local ComCare networks and other community groups.

MEETINGS WITH VIPs In 2015, the Management Committee met with a number of VIps and distinguished guests.

DATE VISITOR(S) PuRPOSE OF VISIT

15 January 2015 Mr. lim Boon Heng & Mr. tan Kian Chew Appreciation lunch

28 January 2015 portuguese permanent Delegate to uneSCo Mr. Jose Filipe Moraes Cabral

Informal lunch

18 March 2015 SRC Management Committee Informal lunch

3 August 2015 Mr. George Yeo Informal lunch

14 August 2015 Mr. Chairat Sirivat & Mrs. Angkana Informal lunch

9 September 2015 He Afonso Malheiro, Ambassador of portugal Farewell lunch


MISCELLANEOUS

Organisational StructureIn compliance with the IpC Code of Governance, the Association has maintained its two Mandatory Committees, Audit and Fund-raising. the legal panel remains to provide advice to the Management Committee on all legal matters.

Implementation of revised Eurasian Community Fund (ECF) ratesthe eCF was launched in 1995 for the purpose of collecting donations from the eurasian community in Singapore to help the less fortunate through education and welfare and to fund our community development initiatives. the rate were revised with effect from 1 January 2015.

Care & Share Matching Grantthe Care & Share fund was established in 2013 and is a national fund-raising and volunteering movement led by the Community Chest to help the social service sector. From 1 December 2013 to 31 March 2016, the eA is eligible for the matching grant by the Government. the eA stepped up its fund-raising efforts as eligible donations raised by the eA, attracted increased matching funding from the Government.

Personal Data Protection Act (PDPA)the eA reviewed their data protection policies and put in place practices to comply with the pDpA in January 2015.

Internal AuditA comprehensive audit of the eA was completed in February 2015 which included areas for improvement and strengthening of controls. this included evaluation and testing the effectiveness of controls that are in place to reduce the risk of the Association not meeting its objectives. the audit assisted management in introducing improvements where weaknesses were identified. Recommendations made by the Internal Auditors were adhered to and no major issues were reported.

External Coursesthe Management Committee and eA staff member have been active in attending courses organised by the national Council of Social Services (nCSS) under its training arm, the

Honorary SEcrEtary’S rEPort (continued)

Social Service Institute (SSI). this enables them to execute their roles and responsibilities in the context of a non-profit organisation more effectively. Some courses attended by the Management Committee and staff members are as follows:

• Foundation of Family Mediation• engaging Reluctant Adolescents effectively • Financial Management and Internal Controls

for npo leaders• Volunteer Management System – engaging

Volunteers Systematically• Donor outreach through Social Media• Internal Control (IV): General Accounting,

Fixed Assets, Inventory and Human Resource Management

• Internal Controls (III): Implementing Internal Controls for procurement to payment process

• Board Members network

Looking Aheadthis has been an exhilarating year for the eA. It was heartening to see the eurasian community participating in the jubilee celebrations with different roles and responsibilities. this year the eA has increasingly focused on creating awareness about the eurasian community in order to embrace the unique culture and heritage and also reflect the values of the diverse group that the eurasian community is.

the year 2016 will further strengthen the rapport the eA has with the eurasian community. We are working towards optimising our efforts in reaching out and building stronger partnerships with the community.

the eA Management will develop and improvise on programmes to ensure the holistic development of each student. eA will also increase its intervention with each student to build their confidence and equip them with skills in order for them to thrive in the future. In the area of welfare, we hope to better reach out to individuals who are facing obstacles in their personal, work or family matters and render assistance so that they emerge out of the situation as resilient individuals.

the eA looks forward to working with the eurasian community, stakeholders and partners to achieve greater success in 2016.


minutES oF agm 2015MINUTES OF THE ANNUAL GENERAL MEETING (AGM) OF THE EURASIAN ASSOCIATION HELD ON 10 APRIL 2015, 7.30 PM AT THE EURASIAN COMMUNITY HOUSE

the president of the eurasian Association, Mr. Benett theseira welcomed everyone and called the AGM to order at 7.30 pm. After adjourning the meeting for half-an-hour, he announced that a quorum of 50 members were present. the meeting proceeded under Rule 30 of the eA’s rules.

Item 2.1 President’s AddressMr. theseira thanked all those present at the AGM.

Mr. theseira shared with the guests that it has been a particularly moving time in Singapore with the loss of our former prime Minister, Mr. lee Kuan Yew. He highlighted that Mr. lee firmly believed in treating all races fairly and that had enabled to cement the eurasian community as a part of the Singapore fabric. He mentioned that Mr. lee’s efforts have allowed recognition of eA as one of the four self-help groups and also to have the benefit of the eurasian Community House. He requested for everyone to observe one minute of silence.

He summarised the events in 2014 and mentioned that it was a fruitful year. He stated that all details have been outlined in the Annual Report 2014. He highlighted that eA has strong support from the government and as a result had managed to achieve a major breakthrough in 2014 by securing the approval for an increase in contribution rates via the CpF check off scheme as well as an increase in the government matching grant from 200 to 400 thousand dollars per annum. He highlighted that this issue has been discussed in previous AGMs and the new rates have commenced in January 2015. He thanked Minister Iswaran for helping the eA with the proposal, MCCY for their generous support and also the many eurasians who have continued contributing to the eurasian Community Fund (eCF) monthly.

He highlighted that in education, eA has expanded its programmes to reach out to a record number of over 200 students and provided more than $200,000 in financial support in the form of bursaries, awards and scholarships. For Family Support Services (FSS), he addressed

that on average more than a hundred individuals are supported through eA’s schemes such as food rations and financial assistance. He mentioned that the tea With neighbours sessions continue to be well attended.

Mr. theseira mentioned Social Circle activities such as the reading club, balut and quiz nights that have managed to get people together and provided them with a fruitful and enjoyable time at the eurasian Community House.

Apart from the various social programmes organised for the community, he mentioned that eA has continued to participate in various external community events such as the Chingay parade, one Community Fiesta, IRIR and the orange Ribbon ceremony amongst several others. He said that the eA will continue to promote eurasian culture and heritage within the eurasian Heritage Centre (eHC) and also by participating in various national heritage activities. He highlighted that eA is working with the national Heritage Board (nHB) to expand the eHC.

Mr. theseira stated that eA collaborated closely with the other SHGs and government bodies and these efforts are to ensure that the eurasian community is kept at the top of mind of the wider community and to leverage on external resources to assist with organising and funding eA’s programmes.

He highlighted that a successful initiative in 2014 was the Charity Golf tournament in 2014 organised by the eA Golf Society, led by Quentin pereira. He thanked Quentin and his team for organising the successful event which raised about $200,000 for the eA. He said that with the golf tournament and other fundraising efforts, eA had a successful year financially, with a residual surplus of about $181,000.

In closing, he thanked the Secretariat team, led by Mr. lester low, volunteers, donors, patrons, board of trustees and MC members for their support and hard work.

Item 2.2 To confirm the minutes of the Annual General Meeting held on 12th April 2014the minutes of AGM 2014 were confirmed with no other comments or amendments.

proposer: Bill JansenSeconder: Quentin pereira


Item 2.3 Matters arising from the minutes of the Annual General Meeting held on 12 April 2014Mr. theseira informed that there are no matters arising and that he will hand over item 2.4 to the Honorary treasurer, Mr. paul leong.

Item 2.4 To receive the Annual Report and Audited Financial Statements for the Year Ending 31 December 2014 pursuant to Clause 25(a) of the rules of the Eurasian Association, Singapore and Clause 23.2(b)(iv) of the AGM Bye-LawsMr. leong announced that the Annual Report 2014 and the audited financial statements were distributed to members on 10th March 2015.

He summarised the incoming resources. He highlighted that eA had received a total of $521,182 from eCF contributions. He highlighted that eA also received other government grants via the dollar for dollar matching grant and also the government grant for land lease. He highlighted that the events and programmes such as the Christmas party, dinner and dance, heritage fest also assisted to raise money. other income such as rental of eA facilities and unrestricted donations were also included. He stated that eA had net incoming resources of $2,056,681.

on the expenditure side, he mentioned that administrative and governance costs continue to be a large portion of the expenditure amounting to about $433,000. He highlighted the costs for the different areas; education and training programmes, FSS initiatives, depreciation, maintenance repair, security, utility expenses, land lease, community development and outreach programmes, the charity golf event, CpF agency fees, AGM fees, VIp visits, heritage and culture events, youth and sports events and publication. In all he mentioned that eA spent about $1.8 million.

He concluded by stating that the surplus for 2014 was $181,000 and when this is added to the reserves, eA was able to carry forward the total reserve of $2,460,279 for last year.

Mr. timothy de Souza had two comments about the financial reports. Firstly, he highlighted doubling of the annual government matching grant as well as the increase in eCF contribution rates. He said that moving from $200,000 to $400,000 was a major breakthrough and that it had taken more than 20 years to achieve this. He said that the efforts put in to make this change possible was tremendous. He acknowledged that to move the government to double its grant is not

an easy task and it’s a significant achievement for eA. He thanked the MC for their efforts.

His second comment addressed that the Charity Golf event had raised over $200,000 and it was a huge success. He commended the organisers for the efforts.

Mr. theseira thanked Mr. de Souza and commended Quentin for his efforts in organising a successful fundraising golf tournament. Mr. theseira shared that Mr. leong will be addressing a few more queries.

Mr. leong announced that a few queries had been raised by Mr. Burton Westerhout who was travelling and could not attend the meeting. His first question was if the Charity Golf tournament will be an annual event? Mr. leong said that eA plans to organise the fundraiser event on a bi-yearly basis.

the second question by Mr. Westerhout was, what is the estimated impact of the increase of eCF contribution rates and government subsidy in 2015 for the eA? Mr. leong responded that both the new eCF rates and higher government matching grants kick in this year. With this, eA should see eCF contribution income go up from $500,000 to about $700,000 and an additional of $200,000 from the government matching grant.

the third comment by Mr. Westerhout was that the net operating deficit for community development and outreach programmes, excluding allocated manpower costs continue at about $3,000 to $5,000. Mr. leong informed that these expenses were for events that eA hosted throughout the year such as the Children’s Christmas treat or the new Year’s eve Dinner and Dance. He explained that the principle is always to try and self-fund these events. However, sometimes there is a small deficit which is manageable and worthy as it fosters community bonding.

Mr. leong highlighted another comment from Mr. Westerhout about the general and community fund reserve of $873,500. Mr. leong reported that the reserve will last for about 20 years assuming the current level of sinking fund transfers and if the current level of operational deficits are maintained. Mr. Westerhout also added that if the charity golf event and the social programmes are self-funding, this can stretch to 24 years without the impact of any income increase. Mr. leong shared that Mr. Westerhout might have been looking at the shortfall of about $8,000 in the unrestricted fund reserve and the annual

minutES oF agm 2015 (continued)


transfers of about $36,000 for the sinking fund to maintain the building and premises. He said that the increase in eCF contribution rates and annual matching grants should put eA in a fairly stable position for the next few years.

Mr. theseira informed that Ms. Angelina Fernandez had an announcement. She highlighted that there was errata in the Annual Report. on page 26, a few names were left out under the Social Circle members. She highlighted that these members were a part of Ms. nancy Fobrogo’s sub-section which organises regular activities such as the Artsy Craftsy, Mahjong, Read @ eA and the Quiz night. She mentioned that the names that were inadvertently missed out were nancy Fobrogo (Chairperson) and committee members, Dorothy tessensohn, Freda pereira, philomena nonis and pearlyn Velge.

the audited financial statements were adopted with no further comments from the members.

proposer: Victor olsenSeconder: Geoffrey Morris

Item 2.5 To appoint the Association’s Auditors for the ensuing year Foo Kon tan Grant was reappointed as the Association’s Auditors for the Financial Year 2015. the Management committee has found them suitable, hardworking and committed to improving the Association’s financial governance.

proposer: Gerald MinjootSeconder: edmund Rodrigues

Item 2.6 To discuss any other matters arising in accordance with the Rules of the Association

Mr. theseira highlighted that item 2.6 was supposed to be at the end of the meeting. However, due to an error he requested for comments from the members for any other business.

Mr. Jansen asked when the external public carpark will be completed. Mr. theseira said that it was supposed to be ready in April 2015, however it has not been completed. the carpark will be operational as soon as the work is completed. He highlighted that eA was glad that there was a carpark and also mentioned that eA does not have exclusive use of it and will have to make arrangements to utilise it during events.

Mr. de Souza mentioned that it was very gratifying to see how much the promotion of heritage and culture had taken off in the past term. He commended collaborations with the peranakan Association and the nHB. He commended the team for their efforts with heritage.

Item 2.7 To consider and if deemed fit, to adopt the following amendment to the Rules of the Eurasian Association, Singapore subject to the approval of the Registrar of Societies Mr. theseira invited Honorary Secretary, Mr. Geoffrey da Silva to address item 2.7.

Mr. da Silva requested for members to refer to Rule 10 and read out the proposed changes in the rule 10a, 10b and 10c.

He highlighted the reasons for the amendments.

Mr. theseira informed that the reason to amend the rule is to allow eurasians who are not Singaporeans or permanent Residents (pR) and are living overseas to be active in the eurasian Association. He mentioned that one example is, Mr. Daryl pereira who used to chair the eA’s audit committee and could not join the eA as he was an Australian citizen. He said that the amendments will allow for eurasians who are in Singapore but not Singaporean citizens or pRs to join as Associate members. He said that it also allows eurasians who are living overseas to be connected with the eA, Singapore.

Mr. Jansen sought clarification and read out Rule 30 and asked if we were allowed to make any amendment to the rule as a quorum was not present at 7.30 pm.

Mr. theseira mentioned that there was a quorum when the meeting was called to order at 8.00 pm and this allows for members to vote on changes to the rule. He informed that only if a quorum was not present after the adjourned half an hour, rule changes can’t be voted on. Mr. theseira proceeded to ask if any other clarifications were required pertaining to the rule change.

Mr. edmund Rodrigues was concerned about the extent of generosity this change might have on people from overseas. He asked if those from overseas; paying membership fees are entitled to voting, education scholarships and FSS grants. He also highlighted that some of the people living overseas might have children in Singapore or could be separated in marriage.


Mr. theseira highlighted that there was a need to de-link the membership of the eA from the activities that the eA runs from its charitable role as a self-help group. He mentioned that the eA has defined rules as to who qualifies for the education and welfare grants and also addressed that it is not required for someone to be a member to benefit from the assistance. He stated that eA is a custodian of funds which have been entrusted by donors, members of the community and the government and that eA will continue to apply those rules that have been defined for the grants.

With no further comments, Mr. theseira called for a vote. 49 voted in favour of the rule. With majority in favour, Mr. theseira passed the amendment.

Mr. Jansen asked how the eA was planning to celebrate SG50.

Mr. theseira highlighted that he was going to mention it in his closing speech and proceeded.

He shared that since it was the SG50 year, there are several events that eA will be involved in, to showcase and strengthen the profile of the eurasian community in the fabric of Singapore. He addressed that many eurasians often received comments from others about not understanding what a eurasian is. He said that it was important to constantly do things to remind others about eurasians.

He said that he needed the whole community to come together and be involved in events and through that we can hope to reach out to more eurasians, especially the younger eurasians to come forward and assist us, running the eA and getting to know the community better.

He mentioned that a eurasian Heritage Festival is being organised with the nuS Alumni Association and that it’s a joint effort to reach out to eurasians who are part of the nuS Alumni cohort. He said that in a joint effort with onepeople.sg, eA will be participating at the national Day parade and that dancers will also be performing at the opening of SeA Games.

Apart from that he highlighted that the eA is working on a book to showcase 50 eurasians

who have contributed significantly to Singapore and the community since 1965. He mentioned that eA has applied for a grant for the funding of this project under SG50 and have received the approval.

He highlighted that eA will be supporting the nuS with their fundraising efforts for the George edwin Bogaars professorship. He said that nuS is working on this with several partners, including Keppel Corporation. the professorship is to recognise Mr. Bogaars, his contributions for the civil service and his instrumental role in building up the MInDeF and the Keppel Corporation. He mentioned that there will be more news of the fund-raiser in The NewEurasian magazine. Mr. theseira informed members that the eA is working with other SHGs and the Ministry of education (Moe) on a joint project to establish student care centres. He stated that the details are still being worked out and will be shared in The NewEurasian magazine.

Mr. theseira mentioned that the eA needs support from members of the community and to create visibility for the community and the association. He encouraged everyone to bring their friends, relatives, family members to come forward and get involved in order to work together and build a better and stronger eurasian community.

He was proud that the eurasian community is very open and have built meaningful relationships which can be seen through the support that eA gets for their projects, programmes and fund raising initiatives.

In closing, he expressed his thanks to everyone for their support and to the Secretariat for not only organising the AGM but for all the work they have done. He looked forward to the continued support from all for the eA and its management committee for the coming year.

Mr. Victor olsen congratulated Mr. theseira and his committee for the great work that they have done and are doing. He proposed a vote of thanks to the management committee.

Mr. theseira thanked him for his kind words.

the meeting was closed.

minutES oF agm 2015 (continued)


EducationEurasian Community Fund Education Awards the eurasian Community Fund (eCF) education Awards ceremony, inaugurated in 1996, showcases the academic achievement of the future generation of eurasian students. It signals to the eurasian Community the importance of achieving academic excellence and the eA’s support in encouraging more students to further excel in their studies.

there are various categories of awards including the Bursary Award (with an income criteria), Merit Award (for students of all levels who do well in their examinations), excellence Award (for students who emerged in the top 25% of their cohort for the national examinations) and Distinction Award (for the top students in the national examinations [pSle, ‘n’, ‘o’ and ‘A’ level] and outstanding students in Ite, polytechnic and university). Applicants must be Singapore citizens or Singapore permanent Residents, with at least one eurasian parent as per the nRIC, or students with one european and one Asian parent. they must be full-time students in the formal Singapore education system at primary, secondary, and tertiary (Ite/Junior College/nAFA/la Salle/polytechnic/university) levels.

the eCF education Award ceremony was held on 17 october at Catholic Junior College, performing Arts Centre, with Mr. ng Chee Meng, Acting Minister for education (Schools) & Senior Minister of State, Ministry of transport gracing the occasion as guest-of-honour. In his speech, he congratulated the 283 recipients and encouraged them to continue studying hard with the support from their families and dedicated teachers, and commended those who have stepped up to volunteer and contribute back to society.

EA Merit Bursary Awards this award has been offered since 2009, with the aim of defraying the costs of higher education, covering the recipient for the duration of his/her studies at Ite/polytechnic. the quantum cap is $3,500 per year for an Ite student and $5,500 per year for a polytechnic student. In 2015, one Ite and one polytechnic student received this award in full while two Ite and three polytechnic students also benefitted, receiving a one-time sum. the students are selected through a process of deliberation and interviews conducted by the education Committee. this award, as the name suggests, is based on academic merit, while household income, leadership roles and volunteer work is also considered.

EA University Scholarship the eA university Scholarship is disbursed annually and is applicable for students from low-income families who have graduated from the polytechnic or Junior College and have been offered a place at any of the six local universities (nuS/ntu/SMu/SIt/SutD/uniSIM). In 2015, Gabriel Mark peters was awarded the eA university Scholarship to study physics at the national university of Singapore (nuS). the Scholarship covers three years of study, for all university courses excluding Medicine and Dentistry, continuation of funding is dependent upon their results. Funding is capped at $10,000 per student per annum with total quantum amount of $30,000 over three years.

Mr. Benett Theseira and Acting Minister Ng Chee Meng taking group photo with Distinction Awards and EA Bursaries & Scholarships recipients at ECF

Committee MembersDr. Alexius A. pereira (Chairperson), Mr. Geoffrey da Silva, Mr. edmund Rodrigues, Mr. Derek Scully, Mr. Joseph peterson

Assisted by Mr. Keith Kuah from the Secretariat


List of awards disbursed at ECF Ceremony 2015, respective donors and names of recipients who received the Distinction award for emerging as the top Eurasian student in their cohort as follows:

AwARD TITlE DONOR NAME OF STuDENT

oscar George Da Silva university Scholarship

late Mr. lawrence da Silva Aidan paul Woodford

S R nathan education Award Mr. S R nathan Rachel Dominique Mei Hwa leys & Gabrielle edwin Suppiah

Mr. Carlisle e.W. & Mrs. Helena Josephine de Souza Award

Mr. Christopher de Souza Kimberly Veronica ong

Minnie leicester-D’Rozario Award

Mrs. evelyn Rodrigues Gabrielle edwin Suppiah & Sean Brandon Kyle neubronner

the peter H. Fernandez Award Mrs. elsie da Silva Shaun Alexander Wittberger

the Colonel R. J. Minjoot Award

Mr. Gerald Minjoot lazaroo Coby travis

the evelyn Rodrigues Award Mrs. evelyn Rodrigues nikita May Gidwani

the peggy Wai Chee leong-Hochstadt Award

Mr. Herman Hochstadt Russell James Vaz Kang Wei

the Colonel R. Minjoot Award Mr. Gerald Minjoot Brandon Krygsman

the John Hochstadt Award Mr. Herman Hochstadt tiffany ursula Morier

the lawrence Henry da Silva Award

Mrs. elsie da Silva Austin David lazaroo

the Fredric Fox Award Mr. oscar Joseph oliveiro nicholas Mark lincoln

the Beryl lucy phillips-Hochstadt Special Award

Mr. Herman Hochstadt Amita Marie nicolette Berthier

Nicholas Mark Lincoln delivering the Vote of Thanks at the ECF Education Awards

Secondary & Junior College recipients for Temasek Cares Education Bursary

Education (continued)


Acting Minister Ng Chee Meng receiving a token of appreciation, EA’s book entitled ‘Beyond SG50, Visions of the Future’ from Mr. Benett Theseira

Tertiary recipients of the Buddhist Lodge Bursary

New Awards

Edward D’Silva Scholarship edward D’Silva, former eA president and an architect, has sponsored a new edward D’Silva Scholarship for students pursing courses at polytechnics or Ite. the award is to encourage students to achieve good results at secondary school in order to be able pursue a tertiary education, which will lead to better career prospects.

the recipients of the award in 2015 are: esmeralda Crisanta Apps, Jordan Christopher Gomez, Johnston James ong, Josh Mendel neubronner and Angileo Kelly pereira.

Rudolph Mosbergen Sports Bursaryone of the new awards that was presented at the eCF Award ceremony is the Rudolph Mosbergen Sports Bursary. this award is named after the late Rudy Mosbergen to inspire young eurasians to excel in sports, an area where once many eurasians thrived. travis Joshua Woodford is pursuing a Diploma in Sport Coaching at Republic polytechnic and was the deserving recipient of this bursary.

Singapore Buddhist Lodge Bursary Awardseach year, the eurasian Association is one of the organisations which the Singapore Buddhist lodge education Foundation generously offers bursaries to, for our primary, Secondary and tertiary students.

PRIMARY SECONDARY TERTIARY

4th April 2015 25th April 2015 10th october 2015

1) Achugbu Rosemary Callista 2) Azalea tiara oliveiro3) Christopher Bryan Andrew4) Siti nurlaila lee

1) Christian tide Van Huizen2) Farhanah Binte Mohd Ali3) Gabriel emmanuel teo4) Roberts Chanel Christine5) Santa Maria Samantha Bernadette

1) Apps esmeralda Crisanta2) Jordan Christopher Gomez

Achugbu Rosemary Callista receiving vouchers at SINDA’s Back To School Festival (Umar Pulavar Tamil Language Centre)


Temasek Cares Education Bursary & Coral de Cruz Memorial Fund11 primary, 14 Secondary and one Junior College students received the temasek Cares education Bursary, covering the costs of their school fees, uniforms, transport and meals with a quantum cap of $1,200 per student per academic year, while six Secondary school students received the Coral de Cruz Memorial Fund covering the costs of their school fees, uniforms, books and transport, with a quantum cap of $1,200 per student per academic year.

Collaborative Tuition Programme & Self-Help Groups’ Joint Tuition Awardsthe Joint tuition Awards (JtA) is an annual ceremony where students who have received tuition in various programmes mainly from the Collaborative tuition programme (Ctp) run by the Self-Help Groups, are recognised for doing well in the national examinations including pSle, n-levels and o-levels.

When the Ctp was first launched in 2002, there were only 11 tuition centres. today, there are about 70 centres island-wide, with students from the four ethnic groups. Ctp is a highly subsidised tuition programme and enables students and their families to ease their financial burdens associated with tuition fees.

the eA works closely with other self-help groups to maximise educational opportunities for students. the Ctp is offered to school children island-wide whose families have a per Capita Income of $800 and below. Students who are enrolled in Ctp for at least 6 months will qualify for bursaries in 2016.

Ctp fees as follows: • primary 1 to primary 2: $8 per subject per month (english, Maths)• primary 3 to primary 6: $8 per subject per month (english, Maths, Science)• Secondary: $12 per subject per month (english, Maths)

the JtA Ceremony was held on 29 August, from 11.00am to 12.30pm, at the Ite College Central Auditorium. Six of our eurasian students received awards for their academic achievements, out of a total of 695 recipients, from guest-of-honour Mr. S Iswaran, Minister, prime Minister’s office, Second Minister for Home Affairs and Second Minister for trade and Industry.

PSlE N-lEVElS O-lEVElS

1) euphrasia Marie Francisco 1) Josh Mendel neubronner 1) Sarah Bethany Rozario

2) Adriel Fernandez 2) Apps esmeralda Crisanta 2) nadine Anne De Jong

Minister S. Iswaran with the Best Overall PSLE, N- & O-level students at JTA Dr. Alexius Pereira taking group photo with Seconday student at Project Ray of Hope 2015

Education (continued)


Dr. Alexius Pereira taking group photo with Seconday student at Project Ray of Hope 2015

Eurasian students attending Creative Thinking Workshop with trainer at ECH

SINDA Back To School FestivalFive eurasian students received vouchers from guest-of-honour Minister Ms. Indranee Rajah, at SInDA’s Back to School Festival on Sunday, 22 november, held at umar pulavar tamil language Centre. they were: Achugbu lucretia Cecilia, Achugbu Rosemary Callista, Faustina Anne Francisco, putri Sandrianie Bte Andi Risfandi and tyler Mark nicholas.

Homework Supervision ProgrammeIn June, the eA rolled out its Homework Supervision programme (HSp) to assist students with challenges they face with their school homework. the HSp is not a tuition programme; its objective is for students at tertiary levels to act as a mentor to younger students in primary and secondary levels, meeting them for 90 minutes a week to help them with their homework. Four families are benefitting from HSp with four mentors helping eight younger pupils.

Creative Thinking Workshop by M.A.D School (1st & 2nd December 2015)the Creative thinking Workshop was held at the eurasian Community House. the workshop was to enable eurasian students to creatively think of solutions to cope with challenges that they might face during the next phase of their lives. eight students benefitted from this workshop.

the trainer ensured that the activities were conducted in a very interesting and engaging manner in order to grasp the attention of the students. throughout the workshop, the students were able to acquire a new set of skills including, teamwork, decision making and learning from mistakes.

With the knowledge that they gained from the workshop, the students appeared more confident, decisive, and able to think out of the box and overcome obstacles.


Family SuPPort SErvicES (FSS)Friends of FSS the FSS Review Committee meets on the first tuesday of the month to review and accept the recommendations of the FSS team.

In 2015, FSS was assisting 66 households on a monthly average, consisting of 125 individuals. the assistant schemes included Financial Assistance, ntuC Food Vouchers and Food Rations, the emergency Assistance Fund and the Beyond Financial Assistance Fund. pro-bono Coaching was offered to clients who needed it and Help Clinics were held weekly on Wednesdays.

the monthly food rations continue to be delivered by volunteers and the eA van. the FSS ration run was supported by two part-time persons, who assisted with the packing and delivery.

Silent Minority Compassionate BursaryWith the generous donation of $50,000 from the Silent Foundation, a scheme was set up to provide financial assistance to the school-going children of the minority races of Singapore to continue with their education when a significant catastrophic event strikes the family rendering the breadwinner of such family unable to provide sufficient financial support to the family.

Woh Hup (Private) Ltd Woh Hup (private) ltd donated $20,000 to eA for transport subsidies for FSS recipients. the funds generally support them with additional transport cost incurred for follow-up visits to polyclinics and/or hospitals.

FSS Committee, Friends of FSS and Student Volunteers

Committee MembersMs. Francesca eber (Chairperson), Mr. Simon de Cruz, Mr. edmund Rodrigues, Mr. paul Rodrigues, Ms. patricia Rodrigues, Mr. Quentin pereira, Mr. Dennis tay, Mr. Ronald pereira, Ms. Xinhan Shen, Ms. Yvonne Scully

Assisted by Mr. J. Ramakrishnan from the Secretariat

Michael enjoying at his first FSS Christmas Lunch First prize winner of the lucky draw


FSS Committee, Friends of FSS and Student Volunteers

Student volunteers

FSS Christmas Party the annual FSS Christmas lunch was held on 6 December for 100 FSS clients supported by 25 friends of FSS, 17 students from the International School of Singapore, eA management committee members and secretariat staff. the clients enjoyed a delicious festive lunch catered by Quentin’s who had also sponsored various prizes for the lucky draw segment. this event was made possible through donations and we thank all the donors for their generosity, and the many people who volunteered their time and services.

Christmas Hampers84 clients received their Christmas Hampers valued at $150 each in December. the clients were delighted with the hampers which were filled with food items that they are unable to afford. of the 84 hampers, 20 hampers were funded by a generous donation from the Silent Foundation.

Items in Hamper


community dEvEloPmEnt - youtH

Young Eurasian Professionals (YEP) Get-Together session (22nd August 2015)nearly two dozen young men and women from different backgrounds attended a Young eurasian professionals (Yep) get-together at Singapore Recreation Club to discuss how they would like to organise or participate in events in collaboration with the eA.

eA president, Benett theseira attended the event to provide the guests with an overview of the eA and its services, and the participants were keen to learn both about the history of the association and how it continues to assist the eurasian community today.

After lunch, they were asked to split up into groups to think about what makes them unique as eurasians, why it’s important to build a sense of community among young eurasians and what events they would be interested in the eA organising. Among the events that were of interest to the participants were those related to sports, the arts, youth leadership and volunteer work. Many were also keen to join in social gatherings. Another key suggestion was organising career workshops to learn from mentors in their respective areas of work.

the dialogue was explorative and constructive and there was a consensus that it is important for the younger generation to maintain a close-knit eurasian community.

Résumé Writing & Interview Skills Workshop (28th November 2015)Charlene lee, who chairs the eA’s Youth Committee, held a résumé writing and interview skills workshop at the eCH for three young jobseekers.

Charlene provided them with tips on how to write a CV (résumé), and on the importance of a covering letter and tailoring it according to the organisation’s expectations.

After which, the workshop tackled questions that are usually asked during an interview, such as “tell me more about yourself” and “Where do you see yourself in five years’ time?” as well as the sensitive subject of negotiating a salary. they also learned how to search for a job using portals such as linkedIn. participants agreed they felt better prepared to beat the competition!

Committee MembersMs. Charlene lee (Chairperson)

Assisted by Ms. Revathhi from the Secretariat

Charlene providing tips to those who attended the Résumé Writing & Interview Skills Workshop

Youths having fun at the Networking Lunch


community dEvEloPmEnt - Ea golF SociEty (EagS)

Inter-Social Club Golf Tournament on 27 March, 16 golfers from eAGS competed in the ISCGt first league game held at the orchid Country Club. A total of 10 clubs competed and eAGS emerged in the overall 4th position.

on 22 May, there was further success for the golfers, when the society took part in the second league game held at Raffles Country Club. eAGS beat seven other clubs and emerged in third place.

16 enthusiastic golfers gathered punctually at national Service Resort and Country Club (nSRCC) on 18 September for the final game. eA golfers put together a winning strategy which led them to winning the third position.

Based on the previous games and points tallied, eAGS had scored themselves an overall fourth position in the challenging 2015 league despite the challenging terrain at nSRCC.

Committee MembersMr. Quentin pereira (Convenor), Mr. Kenneth Victor, Mr. Ralph Aeria, Mr. Anthony Maniam, Mr. Gary nonis

Assisted by Mr. Seow ting Zhou from the Secretariat

The 8th division champions at Raffles Country Club

Golfers all excited at their first league game


community dEvEloPmEnt - HEritagE

The Eurasian Experience Tour @ Eurasian Heritage Centrethe eurasian experience is a collaboration between the eurasian Association (eA) and Quentin’s eurasian Restaurant. the programme can be customised to include various elements such as a tour of the eurasian Heritage Centre, learning the traditional portuguese eurasian folk dance the Jinkli Nona, sampling sugee cake, a traditional eurasian pastry, a cooking demonstration and even a full lunch with a variety of eurasian cuisine. the number of visitors in 2015 was 1,518 consisting of kindergarten, primary, secondary and tertiary students as well as adults from various organisations.

Sharing Eurasian Culture every year, the eA helps to share the eurasian history and culture through various platforms. the eA sets up eurasian Heritage booths and/or conducts Heritage sessions at various events throughout the year, especially during the Racial Harmony month in July or during schools’ national education (ne) Carnivals, helping to share the eurasian culture to youth from as young as kindergarten, to primary and secondary schools, and also to organisations and companies.

the table below is a calendar of events where the eA has shared our eurasian heritage and culture with the wider community through heritage booths, talks and dance performances all over Singapore:

DATE EVENT / VENuE / EA INVOlVEMENT

22 March ‘lend A Hand’ project @ Blk 985 Buangkok Crescent Communal Hall (organised by Jalan Kayu GRo, engaging needy residents in rental flats at Buangkok area by hosting them to a lunch & cultural performance)1) performance by eA Dance troupe2) eA sponsored and the dancers distributed sugee cakes to the participants

11 April eurasian Heritage Festival @ nuS Shaw Foundation Alumni House (to share the eurasian culture with nuS alumni)1) entertainment by eurasian artistes, hosted by Gerard Danker 2) performance by eA Dance troupe 3) eurasian Heritage exhibition4) eurasian food catered from Quentin’s eurasian Restaurant

HeritageFest – The Eurasian Experience Tour

Committee MembersMr. Kevin n.M. Aeria (Chairperson), Mr. Cedric pereira, Mrs. Christina theseira, Mrs. euylth Fernandez, Mr. Geoffrey Morris, Ms. Geraldene lowe, Mrs. Gerardine Donough-tan, Mr. Gerry de Silva, Ms. laraine parry, Ms. lucille Marcus, Mr. percival Shepherdson, Mr. Quentin pereira, Mr. Robert Conceicao

Assisted by Ms. Jacqueline peeris from the Secretariat



18, 19, 25, 26 April2, 3, 9, 10, 16, 17 May

HeritageFest by nHB: the eurasian experience tour @ eurasian Heritage Centre (Held over 5 weekends in 2015 instead of the usual 2 weekends, nHB celebrated HeritageFest in a big way for SG50)

Visitors learnt about the history and contributions of eurasians in Singapore, as well as participated in a traditional folk dance, and were later treated to a eurasian delicacy.

3 June CHIJ St. nicholas Girls’ primary School Cultural Camp(pupils were split into different groups to learn a dance from the 4 major ethnic groups and took turns to perform it for their peers)eA taught a group of 30 pupils how to dance the Jinkli Nona.

13 June Citizenship Ceremony @ tampines Central CC1) performance by eA Dance troupe2) eurasian Heritage booth

20 June Aljunied Cluster’s Movie Carnival under the Stars @ open field next to Blk 128 Serangoon north Ave 11) performance by eA Dance troupe

20-21 June pAssion Fiesta @ Marine parade1) performance by eA Dance troupe2) eurasian Heritage booth

4 July Jalan Kayu Day @ Buangkok Sports park/Field1) performance by eA Dance troupe2) eurasian Heritage booth

11 July International Cultural Day @ teck Ghee CC1) performance by eA Dance troupe

12 July Inter-Racial Inter-Religious (IRIR) Harmony night @ Marina Bay Sands Grand Ballroom1) performance by 14-strong eA Dance troupe

Eurasian Heritage Festival @ NUS


community dEvEloPmEnt - HEritagE (continued)

26 July Racial Harmony Day Celebration @ Blk 274 Choa Chu Kang Ave 2 Communal Hall1) performance by eA Dance troupe

7 August Jubilee Weekend Carnival & Concert @ Botanic Gardens1) performance by eA Dance troupe2) Quentin’s food booth & eurasian Heritage booth

4 September RSVp Grand opening Ceremony of national Senior Volunteer Month 2015 @ toa payoh HDB Hub1) performance by eA Dance troupe2) eurasian Heritage booth

5 September one Community Fiesta by people’s Association @ Marina Barrage1) performance by eA Dance troupe2) eurasian Heritage booth

19 September tampines GRC Mid-Autumn Festival @ tampines Community plaza1) performance by eA Dance troupe

19 December Christmas Dong Zhi Celebration @ Hwi Yoh CC, Jalan Kayu Hall1) performance by eA Dance troupe

Collaborating with other organisations

HeritageFest by National Heritage Board the eA has been participating in the national Heritage Board’s (nHB) HeritageFest for more than five years, organising the eurasian experience tour @ eurasian Heritage Centre, giving visitors an immersive experience including hands-on learning of the popular Jinkli Nona folk dance and savouring the sugee cake, a traditional eurasian delicacy.

Grand Opening Ceremony of National Senior Volunteer Month 2015 the eA worked with RSVp (Retired & Senior Volunteer programme) to set up a eurasian heritage booth at their grand opening ceremony, graced by president tony tan. the eA Dance troupe also performed iconic favourites including the Jinkli Nona.


Lend A Hand Project Grand Opening of National Senior Volunteer Month by President Tony Tan


community dEvEloPmEnt - HEritagE (continued)

One Community Fiesta by People’s Association (PA)each year, the eA is invited by numerous Community Centres (CC) to set up heritage booths and provide dance performances at the CC’s cultural events, which increases awareness of eurasian culture.

For pA’s one Community Fiesta at Marina Barrage on 5 September, which had about 3,000 guests and graced by Mr. lim Boon Heng, the eA set up a heritage booth, showcasing the history and culture, focusing on easter with egg-colouring activities. the eA Dance troupe performed two folk songs including the popular eurasian song Jinkli Nona and Patuscada, a traditional portuguese folk song.

Preserving Eurasian Culture

The Eurasian Collectionthis eA SG50 book is a compilation of artefacts and family heirlooms, some more than 100 years old, displayed at the eurasian Heritage Centre. each item has its own symbolism, sharing eurasian history, traditions and culture, reflecting personal memories on how these items were passed down the generations. the book was launched on 12 December at the Singapore Art Museum by Minister lawrence Wong (former Minister for Culture, Community & Youth) who also wrote the foreword.

Our City, Our Home: Singapore Eurasians 1965-2015In the early growth years and when Singapore first achieved independence, a number of renowned eurasians were part of the pioneer team of political leaders and civil servants who contributed to nation-building. In celebration of SG50, this book features 50 eurasians, among many others, who have made significant contributions in different fields to Singapore.

‘The Eurasian Collection’ launch

Jubilee Weekend Concert at Botanic Gardens Inter-Racial Inter-Religious (IRIR) Harmony Nite


community dEvEloPmEnt - PErForming artS cHaPtEr (Pac)

Chingay Parade (27th and 28th February 2015)the 2015 Chingay parade, held at the F1 pit Building, celebrated Singapore’s golden jubilee. the event featured the highest number of international participants joining the locals.

the eA dancers, dressed in purple, blue, green, red and gold, joined forces with St. Joseph’s Institution International and the peranakan Main Wayang Company to make a colourful contribution to the parade. they danced to the music of Alvin oon’s upbeat peranakan song, Marilah Kita Bersama, with the inclusion of a verse of the Jinkli Nona for a unique eurasian touch.

Jacqueline pereira choreographed the steps and Richard tan and Valerie Scully assisted in coordinating the peranakan and eurasian contingents respectively.

SEA Games Opening Ceremony (5th June 2015)the biggest, non-sporting highlight of the Games was the opening Ceremony, which began with The Big Singapore Welcome segment comprising 1,400 performers from various organisations including the eurasian Association. In a joint collaboration between the eA and ISS International School, 27 students decked in red and white danced joyously to an upbeat Jinkli Nona.

Inter-Racial Inter-Religious (IRIR) Harmony Nite (12th July 2015)More than 2,000 people gathered to celebrate Singapore’s diversity at the 12th Inter-Racial Inter Religious (IRIR) Harmony nite at Marina Bay Sands on 12 July, which is organised annually by the thye Hua Kwan Moral Society.

Members of the public folded paper butterflies for the event – and succeeding in breaking the Singapore record for the largest display of paper butterflies.

More than a dozen eurasian youngsters decked in colourful yellow costumes danced to the music of portuguese songs Patuscada and Jinkli Nona, and Shanice Hedger and Ari Van Huizen represented the eurasian community in reciting the national pledge.

Assisted by Ms. lestrine tan from the Secretariat

Inter-Racial Inter-Religious (IRIR) Harmony Nite Inter-Racial Inter-Religious (IRIR) Harmony Nite

The Eurasian Contingent at SEA Games 2015 Dancers at Chingay 2015


community dEvEloPmEnt - PErForming artS cHaPtEr (Pac) community dEvEloPmEnt - Social circlE

Events

Easter Sunday Lunch (5th April 2015)More than 200 diners thronged to the eurasian Community House for the easter Sunday lunch organised by the Social Circle and Quentin’s restaurant.

those wishing to chat relaxed in the restaurant while the energy levels were ramped up a few notches in the Multi-purpose Hall, where guests danced to the music of Gerard Danker and nicholas Bulner.

tombola sessions and a card draw added to the fun and a colouring contest was judged by Quentin pereira. the participants with the most colourful bunny at their table won a jar of easter eggs, and easter eggs were also presented to three children decked in easter bonnets.

thanks to all who helped make this a success: to Quentin & Kristine pereira, for their sponsorship of prizes and for their cuisine; their staff for their excellent service; to the eA Secretariat for their contribution; management committee members paul, Alexius and Francesca for kindly sponsoring a table for FSS clients and sub-committee members Dorothy, pamela and Melanie for their sponsorship of prizes.

National Day SG50 Sunday Lunch (16th August 2015)the eA’s annual Red and White Sunday lunch to celebrate national Day was an extra joyful occasion this year as more than 150 guests clad in the Singapore colours packed into the hall of the eurasian Community House to put a eurasian twist on the nationwide SG50 celebrations.

Management committee member and MC for the event, Charlene lee, welcomed the guests to the festive eurasian lunch provided by Quentin’s restaurant. the afternoon’s entertainment included music from peter Diaz and games such as ‘the Singapore trivia’ and ‘Don’t Forget the lyrics (Singapore edition)’. In a new twist to the latter game, guests were tasked with translating the national anthem into english.

A special video montage was then shown to the guests. The Singapore Song was a compilation of old and new eA photographs to commemorate the organisation’s efforts towards nation building. It showcased eA’s collaborations with other organisations and programmes from its three key pillars – education, Family Support Services (FSS) and Community Development. the video was produced by Russel Zehnder with Megan Barker, Shanice Hedger, Sabrina theseira and nikhil Hogan contributing their musical talent to the soundtrack which was a mash up of well-loved Singapore songs.

Reciting the National Day Pledge

Committee MembersMs. Yvonne pereira (Chairperson), Ms. Dorothy tessensohn (Vice-Chairperson), Ms. pamela Menon (Secretary)

MembersMs. Gwen ong, Ms. Margaret pereira, Ms. Melanie Smith, Mr. peter Rodrigues, Ms. Sandra theseira

Ad-Hoc MembersMs. Debaroh Branson, Mr. Michael Smith, Mr. Suresh Menon, Mr. Steven lim

Assisted by Ms. lestrine tan & Mr. Seow ting Zhou from the Secretariat


community dEvEloPmEnt - Social circlE (continued)

eA president Benett theseira addressed the guests, who then sang the national anthem and recited the national pledge before cutting of the national Day SG50 cake.

the event included a card draw and many guests walked away with prizes. the best-dressed couple award was presented to Mr. Gregory Gomez and his wife tapsiy.

Christmas Light-Up, Dinner and Dance (5th December 2015)the eA’s Christmas light-up, dinner and dance was a festive occasion shared with friends from other faiths from Sinda and Mendaki.

eA president Benett theseira performed the honours by ceremonially flicking the switch on before Stephen Gomez led the crowd in a festive rendition of Christmas carols.

After the carolling session, guests tucked into a eurasian Christmas dinner. Stephen and his band, the Music Men, belted out popular tunes from yesteryear, which had plenty of guests on

the dance floor until closing time. the evening ended on an even higher note for the five lucky winners of the card draw segment, who were presented with their prizes by restaurant owner Quentin

pereira.

Family Christmas Carnival (FCC) & Children’s Christmas Treat (CCT) (13th December 2015)the eA’s Children’s Christmas treat and Family Christmas Carnival at the eCH in December is an annual event for all the family, which sees the kids going off to visit Santa while their parents have a knees-up in another part of the building.

this was a multi-racial Christmas, with children from all four self-groups invited to take part. the youngsters were spoilt for choice with a variety of game stalls to join, but before long their attention was distracted by further fun in the shape of talented balloon sculptor Russell oliveiro’s clever designs. He stole the limelight with his intricate characters such as minions, princess elsa from Frozen, Rapunzel and Hello Kitty.

the children were treated to a MacDonald’s meal, and Bubbles the clown and tricky patrick the magician took turns to entertain the youngsters, filling the room with squeals of laughter from the children. the main event at this time of year had to be Santa and Santarina, who strolled into the hall handing out candies and presenting each child with a Christmas gift on the stage. Selfies with Santa were the order of the day.

At the same time, parents tucked into Christmas fare and were treated to a musical performance by Gerard Danker. they also had a chance to get in some seasonal shopping at stalls selling Christmas goodies and further treats were in store for lucky winners at the tombola.

Balut Team & Sponsors for 2015

Two 3 year olds getting ready to party


External Events

Inter-Racial Inter-Religious (IRIR) – Harmony Wok Competition (17th May 2015)the above competition is organised by thye Kwan Moral Society was held at the tott Workshop. two teams comprising of Dorothy tessensohn, Rosemary tessensohn, Zoe lazaroo, philip Cordeiro, Joyce Cordeiro and Helen Joseph represented the eA. the teams had to cook one vegetarian dish and another ethnic dish.

Joseph Schooling’s Donation to the EA (16th July 2015)Joseph Schooling donated $5,000 each to the eA and Straits times’s School pocket Money Fund from the monies he received for winning nine gold medals during the SeA Games 2015. the presentation ceremony was held at the Singapore press Holdings premises. the event also marked Joseph’s 20th birthday. Joseph and his parents were pleasantly surprised and appreciative of the birthday cake that was presented to him.

Orange Ribbon Run (29th August 2015)the eA collaborated with onepeople.sg for the annual orange Ribbon Run to promote racial and religious harmony. A record 7,000 people turned up at Marina Bay Sands event plaza. Deputy prime Minister teo Chee Hean graced the event as Guest of Honour. eA president Benett theseira and eA 2nd Vice president Yvonne pereira represented eA at the event.

New Year’s Eve Dinner and Dance – “Rolling Good Times’’ (31st December 2015)the driving rain did nothing to dampen the spirits of the guests arriving for the eA’s new Year’s eve Dinner and Dance at the Concorde Hotel. Dressed in their finest, they gathered for cocktails as MC Robert Chitty got them in the party mood by encouraging them to take selfies as a souvenir of the fun-filled night to come.

After a buffet spread, Riem De Wolff of the Blue Diamonds band helped the guests to see out SG50 with 1960s music in keeping with the party theme of ‘Rolling Good times’. DJ Bernard Jeremiah spun tunes for the younger generation and the young at heart. the action continued with seven-piece band Broadband.

the crowd danced and sang along to favourite tunes and eA president, Benett theseira presented prizes to 11 lucky draw winners.

At midnight Father time (aka peter Rodrigues) ushered in the new Year as an array of balloons cascaded from the ceiling – and the crowd continued merrymaking until well into the early hours.

thanks to the organising committee and all the sponsors for their generous contributions. thanks, too, to the eA Secretariat, entertainers – and, of course, the guests themselves – for supporting this annual event.

the social circle group continued to run its usual events and activities in 2015.

Guests dancing

Organising Committee Ms. Yvonne pereira (Chairperson), Ms. Dorothy tessensohn, Ms. Charlene lee

Assisted by eA Secretariat


community dEvEloPmEnt - Social circlE Sub-SEction

Artsy Craftsythe Artsy Craftsy group was reorganised in July 2015 and switched to weekly meetings. Items made included: red and white rosettes for SG50 Sunday lunch, scarfs for a Cannosian Convent orphanage in Myanmar and Christmas motif t-shirts. Some of the end products have been displayed at the eurasian Community House.

In 2016, the group will be renamed Craft@eA.

Read@EAthe Reading Club continues to promote reading at the eA and leads members through a range of discussion points raised from a reading list. Due to the busy schedule of members, the club will resume regular meetings in 2016.

Mahjong/Chikee Therapyevery 2nd and 4th thursday of the month, the platinum lounge is filled with the sounds of shuffling tiles. the sessions are attended by eight or more members. those who joined as beginners have improved and are now competing in Mahjong competitions. Several members have also become competent in Chikee.

Quiz NightQuiz night is dedicated to enthusiasts of trivia who gather to be quizzed on various subjects such as current affairs, landmarks, famous characters, karaoke and more. A Christmas Quiz Dinner was held on 19 november. Becky Morris and Mark Mills have been the Quiz Masters since July 2014 and have kept everyone on their toes with intriguing questions on every last thursday of each month.

Tea@EA (Games Day)Members gather and play a variety of games that include Carom, Scrabble, Rummy-o and other board games.

Balut SectionConvenor: Yvonne pereira

In-House Balut Tournament 2015the Balut section commenced their first round of the In-house Balut Competition on 6 March.

the final round was played on 2 october where the players had their last chance to chalk up their scores. Winners for the year were determined by their best six rounds’ scores.

Final Results2015 In-House ChampionChampion – Dorothy tessensohn (3,625 points)2nd place – Joyce Cordeiro (3,613 points)3rd place – Rosemary tessensohn (3,591 points)4th place – Zoe lazaroo (3,577 points)5th place – Yvonne pereira (3,563 points)

Other Prize Winners for the Year:

High Individual Score (Single Game) 1st place – Joyce Cordeiro (157 points)2nd place – Dorothy tessensohn (155 points)

High Individual Aggregate (Single Game)1st place – eddie tessensohn (683 points)2nd place – Rosemary tessensohn (664 points)

Inter-Club Balut Competition 2015the following clubs participated in the Inter-Club Balut competition: SCC, SRC, nuSS, tanglin Club, Indian Association and eA.

the following members represented eA: philip Cordeiro, Joyce Cordeiro, Dorothy tessensohn, eddie tessensohn, Herald Berlee, Christina theseira, the Ban Khi (Yang), pat leung, Wijay Kumar, Aloysius Fernandez and Yvonne pereira. eA hosted the second round of the competition on 10 June.

35th Inter-Port Balut Competition the 35th Inter-port Balut competition was held at the Sandakan Yatch Club on 28 november. A single team comprising of philip Cordeiro, Joyce Cordeiro, Dorothy tessensohn and the Ban Khi (Yang) represented eA.

Section MembersMs. nancy Fobrogo (Chairperson), Ms. Dorothy tessensohn (Vice-Chairperson), Ms. Melanie Smith, Ms. Freda pereira


community dEvEloPmEnt - toaStmaStErS club

In-House International Prepared Speech & Table Topic Contest (7th March 2015)the eA tMC were back in full voice when they took part in their International prepared Speech and table topic contests on 7 March.

Four contestants put their oratory skills – and their nerves – to the test by competing in both categories.

Saint Yi Htet’s speech, Knock Knock, earned her the title of Champion in the International prepared Speech contest. Her speech discussed ‘emotional hygiene’ and the importance of not neglecting your emotions as this can lead to negativity and low self-esteem.

thinking on his feet for the table topic speech What Is Time To You?, peter lee chose to talk about the value of time over money and the need to make best use of the time we have left. He ended by encouraging everyone to go home and hug their nearest and dearest and tell them how much they loved them. His efforts won him the title of Champion of the table topic.

Chief Judge and Distinguished toastmaster, Michael Rodrigues presented trophies to the winners (who will represent the eA in the next area contest) and tokens of appreciation and certificates to all the contestants and appointment holders.

Area D2 International Speech & Table Topic Contest (21st March 2015)peter lee and Saint Yi Htet emerged as the first runner up in the table topic Speech contest and second runner up in the International Speech contest respectively. the event was held at temasek polytechnic.

Installation Ceremony & Chapter Meeting (4th July 2015)the eA tMC held its Installation Ceremony of Club officers for 2015/2016 on 4 July during an event that combined formal pomp with lively speeches.

the event was conducted by prem Methani – in his capacity as Area e4 director, competent communicator and competent leader – who oversaw the swearing in of the new executive committee, led by the club’s president, Charlene lee.

At the ceremony, district director and distinguished toastmaster tay Yiang ping presented the club with a golden gavel. District club growth director and distinguished toastmaster tay tiam teang was also present.

under the guidance of the immediate past president Kevin Sim, the newly installed officers face the challenge of attracting new members and increasing the club’s visibility while working to improve the quality of the speech-making skills of its existing members.

Committee MembersMs. Charlene lee (president), Mr. Michael Rodrigues (Vice-president, education), Ms. Carolyn-Street Johns (Vice-president, Membership), Mr. peter Rodrigues (Vice-president, public Relations), Ms. tay Yak Keng (Secretary), Ms. Yvonne pereira (treasurer), Mr. peter lee (Sergeant-At-Arms), Mr. Kevin Sim (Immediate past president)


New Executive Committee – Charlene Lee, Michael Rodrigues, Peter Lee, Tay Yak Keng, Kevin Sim, Yvonne Pereira and Peter Rodrigues


community dEvEloPmEnt - toaStmaStErS club (continued)

the eA tMC would like to thank the previous committee consisting of Kevin Sim (president), peter Rodrigues (Vice-president, education), Winson lim (Vice-president, Membership), Annie Yang (Vice-president, public Relations), tay Yak Keng (Secretary), Danielle pereira (treasurer) and peter lee (Sergeant-At-Arms) for their efforts during their term from 1 July 2014 to 30 June 2015.

Humorous Speech & Evaluation Speech Workshop (29th August 2015)A workshop was organised and conducted by ng Cher Khim in order to prepare contestants for the Area contest and they were trained on how to compete in a Humorous Speech contest. linda lam, ACB Cl conducted the segment on preparing and competing in an evaluation Speech contest.

In-House Humorous Speech & Evaluation Contests (5th September 2015)Charlene lee emerged as the Champion and peter lee won second place in the ‘Humorous Speech contest’. Winson lim emerged as the Champion and peter lee won second place in the ‘evaluation Speech contest’. Both champions and runners-up represented eA at the Area contest that was held on 26 September 2015.

Winson lim retained his title as the Champion in the Area e ‘evaluation Speech contest and peter lee emerged in second placing. peter lee won the third position in the ‘Humorous Speech contest’.

unfortunately both Winson lim and peter lee were unplaced in the Division e contests that were held on 3 october 2015.

Joint Chapter Meeting (10th October 2015)toastmasters Clubs’ from Geylang, Singapore Sindhi Association and eA came together for a joint chapter meeting at the eurasian Community House. 30 participants gathered for the entertaining and successful meeting.

Toastmasters at the Eurasian Community Fund Awards Ceremony (17th October 2015)eA tMC Vice-president for education and distinguished toastmaster, Michael Rodrigues promoted the eA tMC during the event to parents and students. He encouraged the youth to join the eA tMC in order to improve their public presentation skills.

Christmas Chapter Meeting (5th Dec 2015)the eA tMC combined its Christmas chapter meeting with tea at the eurasian Community House on 5 December. After their prepared speeches, members tucked into a eurasian high tea, which fuelled them with ideas for the ensuing impromptu ‘table topic’ speeches. the wit flowed and the afternoon continued with party games and a short ceremony to present gifts and ribbons to members.

General InformationChapter meetings were held on the first Saturday of each month.

As part of the eA tMC membership recruitment drive, a banner was placed at the eurasian Community House to extend invite to members of the eurasian community and the general public to join the club.

Christmas Chapter Meeting


corPoratE communicationSThe Communications Committeethe committee was established in May 2008 with the purpose of disseminating information and raising awareness of the eurasian community and its culture and heritage.

The NewEurasian MagazineThe NewEurasian magazine is published quarterly and read by more than 17,000 eurasians in Singapore. It is also circulated to senior government offices, various ministries, statutory boards, community organisations and self-help groups. eA members, volunteers, eurasians have actively contributed to content in the magazine, ensuring its success in the community and society at large.

In 2015, The NewEurasian covered the following issues as cover stories:

Mistaken Identity (January-March)the issue addressed a common problem that the eurasian community faces regarding their mistaken identity. eurasians discussed their personal experiences, how the eurasian identity has evolved and also suggested how to cope with the related issues.

50 Years to Remember (April-June)the article reported the eurasian community’s contributions to Singapore’s jubilee year. the story highlighted key events and initatives that the eA was organising to celebrate SG50. In addition, it played tribute to eurasians in the pioneering generation whom made significant contributions to the nation’s development.

World War II – A Eurasian Perspective (July-September)As we marked 70 years since the end of the war in Asia, the story shared experiences of eurasians who lived through the war and what it taught them. the interviewees shared their memories and talked about their determination to carve out a successful future for Singapore.

Is This a New Golden Age for Eurasian Sport? (October-December)the story focused on Singapore’s pioneering and current athletes. they discussed their personal sporting experiences and achievements. the interviewees discussed their thoughts about the eurasian community’s involvements in sports and provided suggestions on how to improve the sports scene in Singapore.

The Eurasian (E-Newsletter)The Eurasian is sent out once a month to the eurasian community in Singapore and overseas. It includes announcements of events that the eA is organising or co-organising, as well as events and activities organised by eA’s partners that would be of interest or benefit to the community.

Announcements were made to call out for volunteers, eurasian actors, portuguese folk dancers and Kristang speakers amongst many other items to reach out to a wider variety of eurasian audiences. eA members regularly express their interest to attend and assist with events publicised via the e-newsletter.

Committee MembersMs. Angelina Fernandez (Chairperson), Ms. Jean Angus, Mr. Ion Danker, Ms. nicole Kessler, Ms. Rebecca Morris (editor)

Assisted by Ms. Revathhi from the Secretariat

www.eurasians.org.sg january – march 2015

PLUSFESTIVE FRIVOLITY The year-end shindigs

ON GUARDEdmund Twohill on military life and charitable volunteering

EARLY LEARNINGDr Christopher Pereira’s guide to pre-schools

Mistaken IdentityHow Eurasians cope with being labelled foreign on their home ground

Select Race

ChineseMalayIndian

EurasianCaucasianOthers... > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > >

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www.eurasians.org.sg APRIL – JUNE 2015

PLUSTRIBUTE TO MR LEE KUAN YEW The EA salutes his lifelong commitment to multiculturalism

MR SR NATHAN’S TEA FOR STUDENTSThe former President’s educational awards

CHOW FOR CHAMPIONSKenneth Francisco’s SEA Games food

50 Years toRememberThe Eurasian community’s contributions to Singapore’s jubilee year

1971Dr Benjamin Sheares becomes Singapore’s second President

1968Joseph Conceicao becomes a Member of Parliament

2014Swimmer Joseph Schooling becomes the first Singaporean to win a medal at the Commonwealth Games, taking silver at the games in Glasgow

2014The new National Stadium opens

1919 The inception of the EA

1991Rex Shelley publishes his first novel, The Shrimp People, at the age of 61

2003Biopolis, a major research centre, opens

2004Lee Hsien Loong becomes the third Prime Minister

2011Dr Tony Tan is sworn in as the seventh President

2010Singapore hosts the inaugural Youth Olympic Games

2002Esplanade –Theatres on the Bay opens

1972 Pulau Belakang Mati is renamed Sentosa and designated a tourist attraction

1963 John Le Cain becomes the first Asian Commissioner of Police

2004Eunice Olsen becomes the youngest Nominated Member of Parliament

2006Christopher de Souza and Michael Palmer are elected as Members of Parliament.

1970 Edmund W Barker becomes the first President of the Singapore National Olympic Council

2002Jazz musician Jeremy Monterio is awarded the Cultural Medallion

1967 Maurice Baker begins his illustrious diplomatic career

2015

19001959 Lee Kuan Yew becomes Singapore’s first Prime Minister

1967 The first Singapore dollar is issued

1965 George Bogaars is made Permanent Secretary to the Minister of Interior and Defence

1966 Kenneth Byrne becomes Singapore’s first High Commissioner to New Zealand

1972 Singapore Airlines is formed

1972 Stanley Toft Stewart leaves the Ministry of Foreign Affairs to join the National Stadium Corporation

1967 The National Service Bill is passed by Parliament

1981Singapore Changi Airport begins operation

1980Herman Hochstadt is appointed Deputy Managing Director of the Monetary Authority of Singapore (MAS)

1997John de Payva becomes President of the National Trades Union Congress

1965Singapore becomes independent after separating from Malaysia

1994 The EA is accorded self-help group status


corPoratE communicationS (continued)

Website the eA’s website www.eurasians.org.sg continues to be a source of information pertaining to the eA, for existing members and those who are new to the eA. All information about eA and its key pillars, past issues of The NewEurasian magazines and annual reports are available for download from the eA’s website.

Design and development of the website structure was based on the following sitemap; Home, About, education, Family Support, Community Development, performing Arts, events, Contributions, Media and Contact.

In 2015, The NewEurasian magazines from 2008 and 2009 were available for download on the website. the website was updated to provide information about eA and external events that the eurasian community will be able to participate in. A special tribute to Mr. lee Kuan Yew was posted on the eA website on 23 March. It included the speech given by Mr. Benett theseira at the Community Memorial Service and the condolence letter that was presented to pM Mr. lee Hsien loong.

In 2016, the committee is keen to include a search function to locate content in The NewEurasian magazines.

Facebookthe eA’s Facebook page http://www.facebook.com/eurasianassociation is an important avenue for the eA to engage the community, especially the youth. the Facebook page continues to be a platform for community building and sharing of information.

the following posts achieved increased reach on the page: • Kevin Marten Wong’s ‘Kristang, lost language of the eurasians’ in unravel: the Accessible

linguistics Magazine • Straits times article on 10 prominent eurasians in Singapore• Joseph Schooling winning gold medal video at SeA Games 2015

Facebook posts are based on information from The NewEurasian magazines, The Eurasian, Social Circle activities and requests by external organisations. More initiatives will be rolled out to encourage greater interaction with the eA’s Facebook fans.

Instagram the eA launched its Instagram account (the_eurasian_association) in June to share photos of events and initiatives in order to raise awareness about the eA among young eurasians. the committee is exploring ways to increase the number of followers for the account.


HouSE oPErationS

Eddie’s PlaceQuentin’s eurasian Restaurant continues to draw members and guests of all races to the eA. As a part of the SG50 celebrations, Quentin’s Restaurant provided a 30% discount for lunch and dinner; attracting more customers to try eurasian food during the weekdays. Chef Quentin has also appeared in a variety of television shows to promote eurasian cuisine.

Quentin’s is open for lunch at 11.30am to 2.30pm and for dinner at 6.30pm to 10.30pm, from tuesdays to Sundays.

Utilisation of FacilitiesHouse facilities were well-utilised in 2015. A range of activities and events were hosted in the eCH’s Multi-purpose Hall (MpH). the MpH and other facilities also host ongoing classes and activities such as swordsmanship, karate, line dancing and other community events.

House Maintenancethe monthly housekeeping and maintenance costs are closely monitored and used for any works that might be needed, due mainly to the age of the building and fixtures. the monthly maintenance and housekeeping costs comprised maintenance and servicing of the lift, air-conditioning, power generator, fire and security alarm, as well as pest control, cleaning and landscaping.

Sinking Fund A Sinking Fund has been established and going forward, a sum of $36,415 will be set aside each year to deal with any major expenditure and maintenance works for the Community House in the future.

Opening of Public CarparkA new public carpark located next to the eurasian Community House was officially opened on 8 July. the 24 car park lots have been a great help to both the restaurant business as well as events organised at the community house.

Upgrading of Facilities and SystemAs part of the Care & Share’s capability building requirement, the Secretariat implemented the following improvements and enhancement works to the eCH and infrastructure:

• Setting up of a proper database management system to better track matters related to eA memberships, education, FSS and volunteer affairs

• office phone and recording system • Staff e-leave system • Replacement of office server system for better speed and proper back-up capabilities• Replacement of office computers (Hps) • A new 16 channel security CCtV system for eCH• A new sound system and projector in the MpH and polishing the MpH flooring and spiral staircase

Mr. lester low

Assisted by Mr. Seow ting Zhou from the Secretariat

The Eurasian Community House


community dEvEloPmEnt - voluntEEr managEmEnt

In 2015, the eA continued to be proactive in attracting and retaining a committed team of volunteers to contribute their valuable time and skills. the volunteer database is regularly maintained and updated to support events and activities organised by the eA’s sub-committees. Recruitment is done primarily through eA’s publication such as The NewEurasian, The Eurasian (e-newsletter), the website, and Facebook page. Students from our education database are also contacted to volunteer at eA events. We currently have about 150 volunteers.

these are some events and programmes organised by the eA as well as by other organisations that our wonderful volunteers supported this year:

• eA’s participation in the Chingay parade• eA’s participation in the Inter-Racial Inter-Religious (IRIR) Harmony nite• eurasian Community Fund education Awards Ceremony• Joint tuition Awards Ceremony• eurasian Community House Christmas decoration• Family Support Services Christmas lunch• Family Support Services ration runs and packing of Christmas hampers• Family Christmas Carnival and Children’s Christmas treat

Volunteer AppreciationA Volunteer Appreciation Dinner was held on 25 April to honour all eA volunteers who have dedicated their time and skills to serve the community.

Guests at the Appreciation Dinner



community dEvEloPmEnt - voluntEEr managEmEnt trEaSurEr’S rEPortthe financial statements were prepared in accordance with applicable Singapore Financial Reporting Standards. Accordingly, its reserves and all its income resources have been classified as either unrestricted funds or as restricted funds to the extent the funds are to be applied for specified purpose. Income and expenditure incurred on various programs reflect the gross amounts. In addition, the reserves and income of the eurasian Association endowment Fund have been excluded from the audited financial statements of the eurasian Association, as the Fund is seperately governed by the provisions of the trust Deed and issues its own financial statements.

Funding for the programmes run by the eurasian Association, were primarily provided by eCF contributions, Donations and two grants from the Ministry of Culture, Community and Youth totalling $720,000. As a result, we recorded an overall surplus of $866,006.

total incoming resources for the year was $3,060,044 of which $541,553 was classified as restricted funds and the balance $2,518,491 as unrestricted funds, as compared to total gross income resources of $2,056,681 in 2014. total expenditure amounted to $2,194,038 (compared to total expenditure in 2014 of $1,875,015) of which $470,139 was funded by restricted funds with the balance of $1,723,899 being funded out unrestricted funds, resulting in a surplus in unrestricted fund reserve of $794,592.

SUMMARY OF RESERVES

Unrestricted Funds

Restricted Funds

General & Community

Fund

Sinking

Fund

Education

Fund

Heritage Endowment

Fund

Dr Paglar Scholarship

fund

EW Barker

Book

Special purpose

Funds Total

$ $ $ $ $ $ $ $

Balance at 1 January 2014 918,612

136,415 30,167 125,000 27,363 67,296 973,760 2,278,613

total comprehensive income/(expenses) for the year (8,689) - - - 30 24,960 165,365 181,666

transfer to/ (from) Restricted funds (36,415) 36,415 - - - - - -

Balance at 31 December 2014 873,508

172,830 30,167 125,000 27,393 92,256 1,139,125 2,460,279

total comprehensive income/(expenses) for the year 794,592 - - - 30 (30,040) 101,424 866,006

transfer to/(from) Restricted funds (160,366)

160,366 - - - - - -

Balance at 31 December 2015 1,507,734

333,196 30,167 125,000 27,423 62,216

1,240,549

3,326,285


trEaSurEr’S rEPort (continued)

RESERVES RATIO POLICY

the Board of trustees & Management Committee, having considered the eurasian Association’s sources of funds and annual expenditure have decided on a reserve policy of 3:1 i.e.: to maintain reserves being its unrestricted fund balance of 3 times its estimated annual operating expenditure to ensure sufficient funds for its continued growth and to undertake its various programmes.

the ratio of unrestricted reserve to annual expenditure is currently 0.69:1 (2015) and 0.47:1 (2014). In order to increase its reserves, the eurasian Association needs to raise additional funding through programmes and events in the coming year.

MAJOR DONORS INCLUDE:

Donors S$

prime Minister lee Hsien loong 300,000

tang Holdings private limited 100,000

Chew How teck Foundation 20,000

ntuC Fairprice Foundation limited 20,000

temasek Cares ClG limited 19,575

Mr. Chew leong Chee 14,050

Marina Green limited 10,000

the Community Foundation of Singapore 9,000

Ms. Donough Gerardine Marion 7,000

Ms. Judith prakash 6,000

Huntington Search partners pte ltd 5,500

Allen & Gledhill llp 5,000

Mr. De Souza Christopher James 5,000

lee Foundation Singapore 5,000

Ms. Monteiro Gloria elizabeth nee lange 5,000

Mr. Schooling Reginald Colin 5,000

Mr. Keith Rodrigues 4,000

Mr. Simon de Cruz 4,000

Mr. Benett Maximillian theseira 3,000

loyang tua pek Kong 3,000

the Silent Foundation ltd 3,000

IBM Singapore pte ltd 2,800

the minimum donations amount recognised in the list of donors is $2,000.00.


SUMMARY OF INCOMING RESOURCES

Sources of Funds S$ %

Government Contributions

801,937 26%

eurasian Community Fund

726,189 24%

Matching Grants 600,000 20%

unrestricted Donations 365,675 12%

Special purpose Donations

220,253 7%

Government Grant for land lease

149,137 5%

events & programmess 71,229 2%

other Income 68,624 2%

Charity Golf 57,000 2%

TOTAL 3,060,044 100%

SUMMARY OF EXPENDITURE

Expenditure S$ %

Administrative & Governance Costs

464,512 21%

Family Support Service 319,537 15%

education & training programmes

300,483 14%

other Activities 237,104 11%

Depreciation 232,968 11%

eurasian Community House

161,639 7%

land lease Cost 136,801 6%

Community Development & outreach

109,062 5%

Heritage and Culture 83,363 4%

publications 66,473 3%

Self-Help Groups Student Care limited

52,811 2%

Youth and Sports 29,285 1%

TOTAL 2,194,038 100%

Matching Grants 20%

unrestricted Donations

12%

eurasian Community Fund

24%

Government Contributions

26%

Administrative & Governance Costs

21%

Self-Help Groups Student Care

limited 2%Community

Development & outreach

5% publication 3%

Heritage and Culture

4%

land lease Cost 6%

other Activities 11%

education & training

programmes 14%

Family Support Service

15%Depreciation

11%

eurasian Community

House 7%

Youth & Sports

1%

Government Grant for

land lease 5%

events & programmes

2%

other Income 2%

Charity Golf 2%

Special purpose Donations

7%

financial statementsthe eurasian association,

contents43 Statement by the Management Committee

44 Independent auditor’s report

46 Statement of financial position

47 Statement of comprehensive income

49 Statement of changes in funds

50 Statement of cash flows

51 Notes to the financial statements

association informationAssociation registration number UEN: S64SS0001E

Registered office 139 Ceylon Road, Singapore 429744

President Benett Maximillian Theseira

1st. Vice President Barker Carla Jacqueline

2nd. Vice President Pereira Yvonne Marie Nee Lesslar

Honorary Secretary Da Silva Geoffrey Claude

Honorary Treasurer Paul Leong Siew Choong

Independent auditor Foo Kon Tan LLP Public Accountants and Chartered Accountants47 Hill Street #05-01 Singapore Chinese Chamber of Commerce & Industry Building, Singapore 179365

31 December 2015


The Management Committee are 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 and Singapore Financial Reporting Standards. This responsibility includes selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

We, Benett Maximillian Theseira and Paul Leong Siew Choong, being two of the members of the Management Committee of The Eurasian Association, Singapore, do hereby state that, in the opinion of the Management Committee, the accompanying statement of financial position, statement of comprehensive income, statement of changes in funds and statement of cash flows, together with the notes thereon, are properly drawn up so as to present fairly, in all material respects, the financial position of the Association as at 31 December 2015 and of the financial performance, changes in accumulated funds and cash flows of the Association for the financial year ended on that date, 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.

On Behalf of the Management Committee

.................................................................................. ...............................................................................BENETT MAXIMILLIAN THESEIRA PAUL LEONG SIEW CHOONG President Honorary Treasurer

Dated: 3 March 2016

statement by the management committee for the financial year ended 31 December 2015

44EURASIAN ASSOCIATION

Report on the financial statements

We have audited the accompanying financial statements of The Eurasian Association, Singapore (the “Association”), which comprise the statement of financial position as at 31 December 2015, the statement of comprehensive income, statement of changes in funds and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.

The Management Committee’s responsibility for the financial statementsThe Management Committee is responsible for the preparation and fair presentation of these financial statements in accordance with the provisions of the Charities Act, Cap. 37 (the Charities Act), the Societies Act, Cap. 311 (the Societies Act), and Singapore Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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 about 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 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, the financial statements are properly drawn up in accordance with the provisions of the Charities Act, Societies Act and Singapore Financial Reporting Standards so as to present fairly, in all material respects, the financial position of the Association as at 31 December 2015, and the financial performance, changes in funds and cash flows of the Association for the year ended on that date.

independent auditor’s report to the members of the eurasian association, singapore


Report on Other Legal and Regulatory Requirements

Report on other Legal and Regulatory RequirementsIn our opinion:

(a) the accounting and other records required by the regulations enacted under the Societies Act to be kept by the Association have been properly kept in accordance with those regulations; and

(b) the fund-raising appeals held during the year ended 31 December 2015 have been carried out in accordance with Regulation 6 of the Societies Regulations issued under the Societies Act and proper accounts and other records have been kept of the fund-raising appeal.

During the course of our audit, nothing has come to our attention that caused us to believe that during the year:

(a) the use of the donation monies was not in accordance with the objectives of the Association as required under Regulation 11 of the Charities (Institutions of a Public Character) Regulations; and

(b) the Association has not complied with the requirements of Regulation 15 (fund-raising expenses) of the Charities (Institutions of a Public Character) Regulations.

Foo Kon Tan LLPPublic Accountants andChartered Accountants

Singapore, 3 March 2016

independent auditor’s report to the members of the eurasian association, endowment fund (continued)


The annexed notes form an integral part of and should be read in conjunction with these financial statements.

statement of financial positionas at 31 December 2015

31 December 2015 31 December 2014

Note $ $

Assets

Non-current

Property, plant and equipment 3 3,329,963 3,509,609

Associate 4 - -

3,329,963 3,509,609

Current

Inventories 5 3,832 3,473

Other receivables 6 551,007 269,422

Deposits and prepayments 7 25,088 14,437

Fixed deposits 8 496,742 492,214

Cash and bank balances 8 1,903,982 1,293,869

2,980,651 2,073,415

Total assets 6,310,614 5,583,024

Funds

Unrestricted funds 9 1,507,734 873,508

Restricted funds

- Sinking fund 10 333,196 172,830

- Education fund 11 30,167 30,167

- Heritage endowment fund 12 125,000 125,000

- Dr Paglar scholarship 13 27,423 27,393

- E W Barker book 14 62,216 92,256

- Special purpose funds 15 1,240,549 1,139,125

Total restricted funds 1,818,551 1,586,771

Total funds 3,326,285 2,460,279

Liabilities

Non-current

Provision for loan commitment in associate 4 2,811 -

Deferred capital grants 16 2,749,297 2,946,702

Deferred income 17 61,935 37,308

2,814,043 2,984,010

Current

Trade and other payables 18 170,286 138,735

Total liabilities 2,984,329 3,122,745

Total funds and liabilities 6,310,614 5,583,024


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5


statement of cash flows


for the financial year ended 31 December 2015

Year ended 31 December 2015

Year ended 31 December 2014

$ $

Cash Flows from Operating Activities

Surplus for the year 866,006 181,666

Adjustments for:

Amortisation of deferred capital grants (197,405) (197,405)

Amortisation of deferred income (11,724) (632)

Interest income (6,517) (1,743)

Gain on disposal of property, plant and equipment (951) -

Depreciation of property, plant and equipment 253,402 226,452

Share of loss in associate 2,811 -

Operating surplus before working capital changes 905,622 208,338

Changes in inventories (359) (307)

Changes in receivables (231,585) (5,175)

Changes in deposits and prepayments (10,651) 217

Changes in trade and other payables 31,551 33,635

Cash generated from operations 694,578 236,708

Interest received 6,517 1,743

Net cash generated from operating activities 701,095 238,451

Cash Flows from Investing Activities

Purchase of property, plant and equipment (Note A) (73,756) (41,647)

Proceeds from disposal of property, plant and equipment 951 -

Loan to associate (50,000) -

Net cash used in investing activities (122,805) (41,647)

Cash Flows from Financing Activities

Grants received from the Government 36,351 -

Increase in long maturity fixed deposit (4,501) (348,546)

Net cash generated from financing activities 31,850 (348,546)

Net increase in cash and cash equivalents 610,140 (151,742)

Cash and cash equivalents at beginning of year 1,347,226 1,498,968

Cash and cash equivalents at end of year (Note 8) 1,957,366 1,347,226

Significant non-cash itemNote A During the financial year, the Association acquired property, plant and equipment with an aggregate cost of $73,756 (2014: $79,587) of which $Nil (2014: $37,940) was paid by a donor. Cash payment of $73,756 (2014: $41,647) was made to purchase property, plant and equipment.


1 General information

The financial statements of The Eurasian Association, Singapore (“the Association”) for the year ended 31 December 2015 were authorised for issue in accordance with a resolution of the Management Committee on the date of the Statement by the Management Committee.

The Association was established in July 1919 and was registered in the Republic of Singapore as a Society on 15 January 1964. It was registered as a Charity on 27 June 1995 under the Charities Act, Chapter 27 and is recognised as an Institution of Public Character under the Income Tax Act, Chapter 134. In the current year ended 31 December 2015, the Association has been approved as an Institution of a Public Character under the Charities Act (Cap. 37) for five years with effect from 18 May 2015.

The registered office of The Eurasian Association, Singapore is located at 139 Ceylon Road, Singapore 429744.

The principal activity of the Association is to promote economic, social, cultural, moral, physical and intellectual advancement of all Eurasians in Singapore.

2(a) Basis of preparation

The financial statements have been prepared in accordance with applicable Singapore Financial Reporting Standards (“FRS”), including related Interpretations promulgated by the Accounting Standards Council. The financial statements have been prepared under the historical cost convention, except as disclosed in the accounting policies below.

The financial statements are presented in Singapore dollars which is the Association’s functional currency. All financial information has been presented in Singapore dollars, unless otherwise stated.

The accounting policies set out below have been applied consistently to all periods presented in these financial statements.

Significant accounting estimates and judgements

The preparation of the financial statements in conformity with FRS requires the use of judgements, 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 financial year. Although these estimates are based on management’s best knowledge of current events and actions, actual results may differ from those estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.

Critical assumptions used and accounting estimates in applying accounting policies are described below:

Significant judgement in applying accounting policies Useful life of the community building (Note 3) The community building is depreciated over its estimated useful life of 30 years. The Association is of the view that it will be

able to renew its land lease agreement and continue to use the community building over its remaining estimated useful life. If the estimated useful life of the community building is reduced to 6 years, the Association’s depreciation expense will increase by $791,306 (2014: $791,306).

Critical accounting estimates and assumptions used in applying accounting policies

Depreciation of property, plant and equipment Property, plant and equipment are depreciated on a straight-line basis over their estimated useful lives. Changes in the

expected level of usage and technological developments could impact the economic useful lives and the residual values of these assets, therefore future depreciation charges could be revised. A 5% (2014: 5%) difference in the expected useful lives of these assets from management’s estimates would impact the Association’s surplus or deficit for the financial year by $12,670 (2014: $11,323). The carrying amount of property, plant and equipment at the reporting date was $3,329,963 (2014: $3,509,609).

notes to the financial statementsfor the financial year ended 31 December 2015


2(a) Basis of preparation (continued)

Impairment of non-financial assets Property, plant and equipment are tested for impairment whenever there is any objective evidence or indication that these

assets may be impaired.

The recoverable amounts of these assets and, where applicable, cash-generating units, have been determined based on value-in-use calculations. These calculations require the use of estimates. Estimating the value-in-use requires the Association to make an estimate of the expected future cash flows from the cash-generating unit (or group of cash generating units) and also to use many estimates and assumptions such as future market growth, forecast revenue and costs, useful lives of utilisation of the assets, discount rates and other factors.

A decrease of 5% percentage in the value-in-use of non-financial assets would have decreased the profit by $166,498 (2014: $175,480). The carrying amount of non-financial assets at the reporting date was $3,329,963 (2014: $3,509,609).

Impairment of loans and receivables The Association assesses at the end of each reporting period whether there is any objective evidence that a financial asset is impaired. To determine whether there is objective evidence of impairment, the Association considers factors such as the probability of insolvency or significant financial difficulties of the debtor and default or significant delay in payments.

Where there is objective evidence of impairment, the amount and timing of future cash flows are estimated based on historical loss experience for assets with similar credit risk characteristics. The carrying amount of the Association’s loans and receivables at the end of the reporting period was $559,727 (2014: $278,142). If the present value of estimated future cash flows decrease by 10% from management’s estimates, the Association’s allowance for impairment will increase by $55,973 (2014: $27,814).

2(b) Interpretations and amendments to published standards effective in 2015

On 1 January 2015, the Association adopted FRSs and INT FRS that are relevant for application from that date.

Reference DescriptionImprovements to FRSs (January 2014)

FRS 24 Related Party Disclosures

Improvements to FRSs (January 2014) Related Party Disclosures Improvements to FRSs (January 2014) Related Party Disclosures clarify that an entity providing key management personnel services to the reporting entity or to the parent of the reporting entity is a related party of the reporting entity. In addition, an entity that uses a management entity is required to disclose the expenses incurred for management services. The improvements to FRSs (January 2014) FRS 24 Related Party Disclosures are effective from annual periods beginning on or after 1 July 2014. As this is a disclosure standard, it does not have any impact on the financial performance or the financial position of the Association when implemented in the current year.

notes to the financial statements (continued)




2(c) FRS not yet effective

The following are the new or amended FRS and INT FRS issued in 2015 that are not yet effective but may be early adopted for the current financial year:

Reference Description Effective date (Annual periods beginning on or after)

FRS 1 Amendments to FRS 1: Disclosure Initiative 1 January 2016

FRS 115 Revenue from Contracts with Customers 1 January 2018

FRS 109 Financial Instruments 1 January 2018

FRS 1 Presentation of Financial Statements The amendments to FRS 1 Presentation of Financial Statements clarify that materiality applies to the whole of financial

statements and that the inclusion of immaterial information can inhibit the usefulness of financial disclosures. Furthermore, the amendments clarify that companies should use professional judgement in determining where and in what order information is presented in the financial disclosures. FRS 1 is effective for annual periods beginning on or after 1 January 2016.

FRS 115 Revenue from Contracts with Customers FRS 115 Revenue from Contracts with Customers requires the entity to recognise revenue which depict transfer of promised

goods or services to customers in an amount that reflects the consideration (payment) to which the entity expects to be entitled in exchange for those goods or services. FRS 115 is effective for annual periods beginning on or after 1 January 2018. The Association is currently assessing the impact to the financial statements.

FRS 109 Financial Instruments FRS 109 Financial Instruments replaces FRS 39 and it is a package of improvements introduced by FRS 109 which include

a logical model for:

• Classification and measurement; • A single, forward-looking “expected loss” impairment model and • A substantially reformed approach to hedge accounting

FRS 109 is effective for annual periods beginning on or after 1 January 2018. The Association is currently assessing the impact to the financial statements.

The Management Committee does not anticipate that the adoption of other FRSs and INT FRSs in future periods will have a material impact on the financial statements of the Association.

2(d) Summary of significant accounting policies

Property, plant and equipment Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any.

Depreciation on property, plant and equipment is calculated using the straight-line method to allocate their depreciable amounts over their estimated useful lives as follows:

Community building 30 years Furniture and fittings 5 years Office equipment 3 - 5 years Other assets 3 - 5 years




2(d) Summary of significant accounting policies (continued)

Property, plant and equipment (continued) The community building of the Association has been depreciated over its estimated useful life, which assumes that the

Association will be able to continue to use the present premises over the remaining estimated useful life of the building.

Other assets comprise computers, motor vehicles, musical instrument, multimedia and video production, renovations and Heritage Galleries.

The cost of property, plant and equipment includes expenditure that is directly attributable to the acquisition of the items. Dismantlement, removal or restoration costs are included as part of the cost of property, plant and equipment if the obligation for dismantlement, removal or restoration is incurred as a consequence of acquiring or using the asset.

Subsequent expenditure relating to property, plant and equipment that has already been recognised is added to the carrying amount of the asset when it is probable that future economic benefits, in excess of the standard of performance of the asset before that expenditure was made, will flow to the Association and the cost can be reliably measured. Other subsequent expenditure is recognised as an expense during the financial year in which it is incurred.

For acquisitions and disposals during the financial year, depreciation is provided from the month of acquisition and to the month before disposal respectively. Fully depreciated property, plant and equipment are retained in the books of accounts until they are no longer in use.

The gain or loss arising on disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amounts of the asset and is recognised in the statement of comprehensive income.

The residual values, depreciation methods and useful lives of property, plant and equipment are reviewed and adjusted as appropriate at the reporting date.

Investment in associate An associate is an entity over which the Association has the power to participate in the financial and operating policy decisions

of the investee but is not control or joint control of those policies. The Association account for its investments in associate using the equity method from the date on which it becomes an associate.

On acquisition of the investment, any excess of the cost of the investment over the Association’s share of the net fair value of the investee’s identifiable assets and liabilities is accounted as goodwill and is included in the carrying amount of the investment. Any excess of the Association’s share of the net fair value of the investee’s identifiable assets and liabilities over the cost of the investment is included as income in the determination of the entity’s share of the associate’s profit or loss in the period in which the investment is acquired.

Under the equity method, the investment in associate is carried in the balance sheet at cost plus post-acquisition changes in the Association’s share of net assets of the associate. The profit or loss reflects the share of results of operations of the associate. Distributions received from associate reduce the carrying amount of the investment. When there has been a change recognised in other comprehensive income by the associate, the Association recognises its share of such changes in other comprehensive income. Unrealised gain and loss resulting from transaction between the Association and the associate are eliminated to the extent of the interest in the associate.

When the Association’s share of losses in an associate equals or exceeds its interest in the associate, the Association does not recognise further losses, unless it has incurred obligations or made payments on behalf of the associate.

After application of the equity method, the Association determines whether it is necessary to recognise an additional impairment loss, on the Association’s investment in associate. The Association determines at the end of each reporting period whether there is any objective evidence that the investment in the associate is impaired. If this is the case, the Association calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value and recognises the amount in profit or loss.





Investment in associate (continued) The financial statements of the associate are prepared as the same reporting date as the Association. Where necessary,

adjustments are made to bring the accounting policies in line with those of the Association.

Upon loss of significant influence or joint control over the associate, the Association measures the retained interest at fair value. Any difference between the fair value of the aggregate of the retained interest and proceeds from disposal and the carrying amount of the investment at the date the equity method was discontinued is recognised in profit or loss.

The Association accounts for all amounts previously recognised in other comprehensive income in relation to that associate on the same basis as would have been required if that associate had directly disposed of the related assets or liabilities.

When an investment in an associate becomes an investment in a joint venture, the Association continues to apply the equity method and does not remeasure the retained interest.

If the Association’s ownership interest in an associate is reduced, but the Association continues to apply the equity method, the Association reclassifies to profit or loss the proportion of the gain or loss that had previously been recognised in other comprehensive income relating to that reduction in ownership interest if that gain or loss would be required to be reclassified to profit or loss on the disposal of the related assets or liabilities.

Grants Grants from organisations for the purchase of property, plant and equipment are taken to the deferred capital grants account.

Deferred capital grants are recognised in the statement of comprehensive income on a systematic basis over the periods necessary to match the depreciation of property, plant and equipment which they are intended to compensate. On disposal of the property, plant and equipment, the balance of the related grants is recognised in the statement of comprehensive income to match the net book value of the property, plant and equipment disposed of.

Grants in respect of the current year’s operating expenses are recognised as income in the same year. Grants which are received but not utilised are included in the grants received in advance account. Grants are accounted for on an accrual basis.

Inventories Inventories are carried at the lower of cost and net realisable value. Cost is determined on a first-in, first-out basis, and includes

all costs in bringing the inventories to their present location and condition.

Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs necessary to make the sale. Allowance is made for obsolete, slow-moving and defective inventories in arriving at the net realisable value. The amount of any write-down of inventories to net realisable value is recognised as an expense in the period the write-down occurs. The amount of any reversal of any write-down of inventories, arising from an increase in net realisable value, is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Financial assets Financial assets, other than hedging instruments, can be divided into the following categories: financial assets at fair value

through profit or loss held-to-maturity investments, loans and receivables and available-for-sale financial assets. Financial assets are assigned to the different categories by management on initial recognition, depending on the purpose for which the investments were acquired. The designation of financial assets is re-evaluated and classification may be changed at the reporting date with the exception that the designation of financial assets at fair value through profit or loss is not revocable.

All financial assets are recognised on their trade date, the date on which the Association commits to purchase or sell the asset. Financial assets are initially recognised at fair value, plus directly attributable transaction costs except for financial assets at fair value through profit or loss, which are recognised at fair value.

Derecognition of financial instruments occurs when the rights to receive cash flows from the investments expire or are transferred and substantially all of the risks and rewards of ownership have been transferred. An assessment for impairment is undertaken at least at the end of each reporting period whether or not there is objective evidence that a financial asset or a group of financial assets is impaired.





Financial assets (continued) Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Association currently has a legally enforceable right to set off the recognised amounts; and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Non-compounding interest and other cash flows resulting from holding financial assets are recognised in the statement of comprehensive income when received, regardless of how the related carrying amount of financial assets is measured.

The Association does not hold any financial assets at fair value through profit or loss, held-to-maturity investments or available-for-sale financial assets.

Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active

market. They arise when the Association provides money, goods or services directly to a debtor with no intention of trading the receivables. They are included in current assets, except for maturities greater than 12 months after the end of the reporting period. These are classified as non-current assets.

They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. If there is objective evidence that the asset has been impaired, the financial asset is measured at the present value of the estimated future cash flows discounted at the original effective interest rate. Impairment losses are reversed in subsequent periods when an increase in the asset’s recoverable amount can be related objectively to an event occurring after the impairment was recognised, subject to a restriction that the carrying amount of the asset at the date the impairment is reversed does not exceed what the amortised cost would have been had the impairment not been recognised. The impairment or writeback is recognised in the profit or loss.

Loans and receivables comprise other receivables, excluding prepayments.

Cash and bank balances Cash and cash equivalents comprise cash balances and demand deposits.

Funds The Association maintains restricted and unrestricted funds. Funds set up for specific purposes are classified as restricted

funds. All income and expenses, other than those attributable to restricted funds and common overheads are recorded in the unrestricted fund’s surplus or deficit.

In order to ensure the observance of limitations and restrictions placed on the use of resources available to the Association, the financial statements of the Association are maintained substantially in accordance with the principles of “fund accounting” whereby the resources for various purposes are classified for accounting and reporting purposes into funds that are in accordance with activities or objectives specified.

Financial liabilities Financial liabilities are recognised when the Association becomes a party to the contractual agreements of the instrument. All

interest-related charges are recognised as an expense in “finance cost” in the profit or loss. Financial liabilities are derecognised if the Association’s obligations specified in the contract expire or are discharged or cancelled.

Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when,

and only when, the Association currently has a legally enforceable right to set off the recognised amounts; and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Trade and other payables are initially recognised at fair value, and subsequently measured at amortised cost, using the effective interest method.

Gains and losses are recognised in profit or loss when the liabilities are derecognised as well as through the amortisation process.





The Association’s financial liabilities include trade payable and other payables, excluding deferred income.

Leases Where the Association is the Lessee - Operating leases Rentals on operating leases are charged to profit or loss on a straight-line basis over the lease term. Lease incentives, if any,

are recognised as an integral part of the net consideration agreed for the use of the leased asset. Penalty payments on early termination, if any, are recognised in the profit or loss when incurred.

Contingent rents are mainly determined as a percentage of revenue in excess of a specified amount during the month. They are charged to the profit or loss when incurred.

Where the Association is the Lessor - Operating leases

Assets leased out under operating leases are included in property, plant and equipment and are stated at cost. Rental income (net of any incentives given to lessees) is recognised on a straight-line basis over the lease term.

Key management personnel Key management personnel are those persons having the authority and responsibility for planning, directing and controlling

the activities of the entity. A key executive officer is considered key management personnel.

Employee benefits Pension obligations The Association contributes to the Central Provident Fund, a defined contribution plan regulated and managed by

the Government of Singapore, which applies to the majority of the employees. Contributions to defined contribution plans are charged to the statement of comprehensive income in the period to which the contributions relate.

Employee leave entitlements Employee entitlements to annual leave are recognised when they accrue to employees. Accrual is made for the unconsumed

leave as a result of services rendered by employees up to the reporting date.. Related parties A related party is defined as follows:

(a) A person or a close member of that person’s family is related to the Association if that person: (i) has control or joint control over the Association; (ii) has significant influence over the Association; or (iii) is a member of the key management personnel of the Association.

(b) An entity is related to the Association if any of the following conditions applies: (i) the entity and the Association are members of the same group; (ii) one entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group

of which the other entity is a member); (iii) both entities are joint ventures of the same third party; (iv) one entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v) the entity is a post-employment benefit plan for the benefit of employees of either the Association or an entity

related to the Association. If the Association is itself such a plan, the sponsoring employers are also related to the Association;

(vi) the entity is controlled or jointly controlled by a person identified in (a); or (vii) a person identified in (a) (i) has significant influence over the entity or is a member of the key management

personnel of the entity.





Impairment of non-financial assets The carrying amounts of non-financial assets subject to impairment are reviewed at each reporting date to determine whether

there is any indication of impairment. If any such indication exists, the asset’s recoverable amount is estimated.

If it is not possible to estimate the recoverable amount of the individual asset, then the recoverable amount of the cash-generating unit to which the assets belong will be identified.

For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units). As a result, some assets are tested individually for impairment and some are tested at cash-generating unit level. Goodwill is allocated to those cash-generating units that are expected to benefit from synergies of the related business combination and represent the lowest level within the entity at which management controls the related cash flows.

Individual assets or cash-generating units that include goodwill and other intangible assets with an indefinite useful life or those not yet available for use are tested for impairment at least annually. All other individual assets or cash-generating units are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.

An impairment loss is recognised for the amount by which the asset’s or cash-generating unit’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of fair value, reflecting market conditions less costs to sell and value-in-use, based on an internal discounted cash flow evaluation. Impairment losses recognised for cash-generating units, to which goodwill has been allocated, are credited initially to the carrying amount of goodwill. Any remaining impairment loss is charged pro rata to the other assets in the cash-generating unit. With the exception of goodwill, all assets are subsequently reassessed for indications that an impairment loss previously recognised may no longer exist.

Any impairment loss is charged to the profit or loss unless it reverses a previous revaluation in which case it is charged to equity.

With the exception of goodwill,

• An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount or when there is an indication that the impairment loss recognised for the asset no longer exists or decreases.

• An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised.

• A reversal of an impairment loss on a revalued asset is credited directly to equity under the heading revaluation surplus. However, to the extent that an impairment loss on the same revalued asset was previously recognised as an expense in the profit or loss, a reversal of that impairment loss is recognised as income in the profit or loss.

An impairment loss in respect of goodwill is not reversed, even if it relates to impairment loss recognised in an interim period that would have been reduced or avoided had the impairment assessment been made at a subsequent reporting or end of the reporting period.

Incoming resources Donations and income from fund raising projects are recognised in the financial statements as and when received. Donations

received through the Central Provident Fund scheme are recognised on an accrual basis.

Revenue generated from social activities, events and programmes are recognised when services are rendered.

Grants and subsidies are recognised as income to match the related expenditure.

Rental income from leasing the premises is recognised on a straight-line basis over the lease term.

Interest income is recognised on a time-apportioned basis using the effective interest rate method.






Functional currencies Functional and presentation currency The financial statements of the Association are presented in Singapore Dollars, which is also the functional currency of the Association.

Conversion of foreign currencies Transactions in a currency other than the functional currency (“foreign currency”) are translated into the functional currency

using the exchange rates at the date of the transactions. Currency translation differences from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at the closing rates at the end of the reporting period are recognised in the profit or loss.

Non-monetary items measured at fair values in foreign currencies are translated using the exchange rates at the date when the fair values are determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the date of the translations.

3 Property, plant and equipment

Communitybuilding

$

Furnitureand fittings

$

Officeequipment

$

Otherassets

$Total

$

Cost

At 1 January 2014 5,934,799 209,466 230,562 304,645 6,679,472

Additions - - - 79,587 79,587

Disposals - (9,669) (1,405) (84,453) (95,527)

At 31 December 2014 5,934,799 199,797 229,157 299,779 6,663,532

Additions - 1,605 66,564 5,587 73,756

Disposals - - (7,755) - (7,755)

At 31 December 2015 5,934,799 201,402 287,966 305,366 6,729,533

Accumulated depreciation

At 1 January 2014 2,353,619 205,213 229,528 234,638 3,022,998

Depreciation for the year 197,827 1,559 1,034 26,032 226,452

Disposals - (9,669) (1,405) (84,453) (95,527)

At 31 December 2014 2,551,446 197,103 229,157 176,217 3,153,923

Depreciation for the year 197,827 1,743 10,779 43,053 253,402

Disposals - - (7,755) - (7,755)

At 31 December 2015 2,749,273 198,846 232,181 219,270 3,399,570

Net book value

At 31 December 2015 3,185,526 2,556 55,785 86,096 3,329,963

At 31 December 2014 3,383,353 2,694 - 123,562 3,509,609



3 Property, plant and equipment (continued) The community building is depreciated over its estimated useful life of 30 years. The Association is of the view that it

will be able to renew its land lease agreement and continue to use the community building over its remaining estimated useful life. The latest land lease agreement is from 24 August 2014 to 23 August 2017. Of the carrying amount of community building, $2,749,297 (2014: $2,946,702) was acquired through government grants (Note 16).

Depreciation included in statement of comprehensive income is as follows:

2015 2014

$ $

Expenditure of generating voluntary income and governance costs 232,968 206,018

Heritage and culture expenditure (Note 21) 20,434 20,434

253,402 226,452

A. During the year ended 31 December 2015, the Association had received approval for the Care and Share Matching Grant of its programme to acquire new equipment. A grant of $36,351 (2014: $Nil) has been received and this grant will be deferred and amortised over the estimated useful life of the equipment (Note 17).

B. As of 31 December 2014, renovation costs of $37,940 were paid by a donor.

4 Associate

2015 2014

$ $

Unquoted equity investments, at cost

At 31 December - - Details of the associate are as follows:

Name of associate Principal activitiesCountry ofincorporation Proportion of voting

2015 2014

% %

Self Help Groups Student Care Limited

Government ethnic self-help groups Singapore 25 -





4 Associate (continued) The summarised financial information (not adjusted for the Association’s equity interest) of associate is as follows:

2015 2014

$ $

Summarised Statement of Financial Position

Current assets 1,046,610 -

Non-current assets 157,852 -

Current liabilities (167,921) -

Non-current liabilities (1,047,785) -

Summarised Statement of Comprehensive Income

Revenue 30,000 -

Expenses (41,244) -

Loss for the year (11,244) -

Other comprehensive income - -

Total comprehensive income - -

Reconcilition of the above summarised financial information to the carrying amount of the interest in the associate recognised in the consolidated financial statements:

2015 2014

$ $

Net liabilities of the associate (11,244) -

Share of loss in associate (2,811) -

Provision for loan due from associate 2,811 -

Carrying amount of the Association’s interest in the associate - -

In November 2015, the Association has invested in an associate, a company limited by guarantee, at $Nil cost.

As at 31 December 2015, the audited financial statements of the associate are not available as the associate is a newly incorporated entity and its first financial period is from 2 November 2015 (date of incorporation) to 31 December 2016. Thus the financial information presented above is as per unaudited management accounts as at 31 December 2015.

Loan commitment

The Association is required to provide funding of up to $200,000 to the associate between 2015 and 2019 in the form of unsecured and interest-free loan. At the reporting date, the loan due from the associate amounted to $50,000 (2014: $Nil) has been fully impaired.

The Association has further recognised a provision for loan commitment in associate of $2,811 (2014: $Nil).



5 Inventories

2015 2014

$ $

Inventories, at cost 3,832 3,473

6 Other receivables

2015 2014

$ $

Current

Loan to associate (Note 4) 50,000 -

CPF check-off contributions receivable 60,097 42,439

Sundry receivables 90,910 26,983

Government matching grants receivable - Eurasian Community fund 400,000 200,000

601,007 269,422

Allowance for impairment of other receivables

Balance at the beginning - -

Allowance for the year (50,000) -

Balance at end (50,000) -

Net other receivables 551,007 269,422

7 Deposits and prepayments

2015 2014

$ $

Deposits 8,720 8,720

Prepayments 16,368 5,717

25,088 14,437





8 Cash and cash equivalents

2015 2014

$ $

Fixed deposits 496,742 492,214

Cash and bank balances 1,903,982 1,293,869

Cash and cash equivalents 2,400,724 1,786,083

Less: Fixed deposits pledged (40,000) (40,000)

Long maturity fixed deposit (more than 3 months maturity) (403,358) (398,857)

Cash and cash equivalents in the statement of cash flows 1,957,366 1,347,226

Fixed deposits of $40,000 (2014: $40,000) are pledged to a bank as security for a bank’s guarantee related to the lease of the land for the Association’s building.

Fixed deposits mature within 1 to 11 months. The weighted average effective interest rate of the fixed deposits is 0.40 % (2014: 0.88%) per annum.

9 Unrestricted funds

Unrestricted funds comprise the General fund and the Eurasian Community fund (“ECF”).

The ECF fund was set up in 1994 for the educational, social and economic advancement of the Eurasian community. It represents monthly contributions from the Eurasian community. This fund qualifies for a Government Grant on a dollar-for-dollar basis, up to a maximum of $400,000 (2014: $200,000) per year.

Upon submission of the Government Matching Grant documentation to Ministry of Culture, Community and Youth after the year ended 31 December 2014, the Association was notified of an additional increase of $200,000 for the said grant. The additional $200,000 was received and recorded during the year ended 31 December 2015. This resulted in the Government Grant – ECF Matching for the year ended 31 December 2015 at $600,000 (2014: $200,000).

10 Sinking fund

The fund is established for the improvement to management and maintenance of the community building.

The movements in Sinking Fund are as follows:

a. An annual transfer of funds of $36,415 (2014: $36,415); b. An additional transfer of funds of $150,000 (2014: $Nil) for repairs and replacement likely to occur in the next three years

ending 31 December 2016 to 2018; set-off by c. the utilisation of the Sinking Fund for the purchases of items which amounted to $26,049 (2014: $Nil).

11 Education fund

The fund was established in the 1930’s for the education needs of members of the Association.



12 Heritage endowment fund

2015 2014

$ $

Balance at beginning of year 125,000 125,000

Income

Interest income from fixed deposits 230 229

Total income 230 229

Expenditure

Heritage and culture (Note 21) (230) (229)

Total expenditure (230) (229)

Balance at end of year 125,000 125,000

The fund has been set aside to generate income for the maintenance cost of the Heritage Centre in the Association’s building.

13 Dr Paglar scholarship

2015 2014

$ $


Income

Income from the sale of books 30 30

Total income 30 30


The fund has been set aside to provide financial assistance to children of members to pursuing continuing education in any field.





14 E W Barker book

2015 2014

$ $


Income

Government Grant - National Heritage Board - 25,000

Total income - 25,000

Expenditure

E W Barker book project expenditure (30,040) (40)

Total expenditure (30,040) (40)

Transfer to unrestricted funds - -


The Eurasian Association has commissioned the writing of a book on the life and contributions to Singapore of Mr Edmund William Barker, who after Singapore declared its independence and sovereignty, was Speaker of Parliament and then Minister of Law for 26 years.

In 2012, the Association incurred expenditures on start-up of the E W Barker book project, which were funded by the Association using unrestricted funds. On receipt of restricted funding in 2014, the Association returned the funds to the Associations’ unrestricted funding.



15 Special purpose funds

Education and Training (Note 21)

Heritage and culture (Note 22)

Family support services (Note 26) Total

2015 2014 2015 2014 2015 2014 2015 2014

$ $ $ $ $ $ $ $

Balance at beginning 559,629 511,849 4,481 4,481 575,015 457,430 1,139,125 973,760

Income

Donations received 94,034 75,130 - - 99,279 139,346 193,313 214,476

Donation from Singapore Buddhist Lodge 4,000 4,000 - - - - 4,000 4,000

Donation from Temasek Cares 22,940 35,768 - - - - 22,940 35,768

120,974 114,898 - - 99,279 139,346 220,253 254,244

Top-up for self-help group from MCCY 60,000 100,000 - - 60,000 100,000 120,000 200,000

Government Grant - Care & Share 25,406 9,732 - - 171,898 24,329 197,304 34,061

Seminar & Workshop 70 - - - - - 70 -

Interest income - - - - 3,666 547 3,666 547

Total income 206,450 224,630 - - 334,843 264,222 541,293 488,852

Programme expenditure (189,459) (176,850) - - (250,410) (146,637) (439,869) (323,487)

Balance at end 576,620 559,629 4,481 4,481 659,448 575,015 1,240,549 1,139,125

Included in donations received are tax deductible donations of $170,728 (2014: $139,885).





16 Deferred capital grants

2015 2014

$ $

Balance at beginning of year 2,946,702 3,144,107

Income and expenditure

Grants credited to statement of income and expenditure to match depreciation of associated property, plant and equipment (197,405) (197,405)

Balance at end of year 2,749,297 2,946,702

The total grants received since establishment amounted to $5,834,200 (2014: $5,834,200).

17 Deferred income

2015 2014

$ $

Deferred donations received during the financial year

- Family area (note i) 37,308 37,940

- Care & Share Grant (note ii) 36,351 -

73,659 37,940

Income and expenditure

Deferred donations credited to statement of income and expenditure to match depreciation of associated property, plant and equipment

- Family area (7,588) (632)

- Care & Share Grant (4,136) -

(11,724) (632)

61,935 37,308

Notes: i. Deferred income with a carrying amount of $29,720 (2014: $37,308) relates to amounts received by a donor of $37,940

in 2014 for renovations of the family area within the Association’s building during last year. ii. Deferred income with a carrying amount of $32,215 (2014: $Nil) relates to amounts received from the government under

the Care & Share Grant for the Association to acquire plant and equipment (Note 3).



18 Trade and other payables

2015 2014

$ $

Trade payables 36,639 47,597

Deferred donations 10,500 14,600

Accruals 117,687 70,383

Other payables 5,460 6,155

170,286 138,735 Trade and other payables are unsecured and repayable within 30 to 60 days (2014: 30 to 60 days).

Included in deferred donations are tax deductible donations of $Nil (2014: $14,600).

19 Donations

Donations which are tax deductible in nature amounted to $357,530 (2014: $25,500).

20 Charity golf

Included in charity golf income are tax deductible donations of $Nil (2014: $158,022).





21 Education and training programmes

2015 2014

$ $

Events/programme expenditure

Bank charges 40 94

Bursary award Singapore Buddhist Lodge 4,000 4,000

Christopher De Souza’s Donation 2,500 7,500

C O Donough Sports Scholarship 8,192 5,817

Coral De Cruz Memorial fund 8,451 7,800

Direct operating expenses 5,907 1,837

ECF education awards 73,172 80,553

Edward D’Silva’s Education Donation 6,109 -

Homework Supervision Programme 825 -

Temasek Cares Education Bursary Award 21,410 32,484

Tan Chin Tuan Awards 1,188 9,900

Joint tuition awards 1,154 -

NEU PC Plus programme 873 -

President Bursary award 78,373 52,657

Project Ray of Hope 38,895 35,594

Salaries and related CPF contribution 38,372 28,615

Seminar and workshop 2,238 -

SHGs SG50 Multiracial Recipe Book Launch 2,897 -

S R Nathan Education Upliftment fund 4,315 4,832

Tuitions/ courses 1,572 -

Total expenditure 300,483 271,683

Funded by:

Special purpose fund (Note 15) 189,459 176,850

Unrestricted funds 111,024 94,833

300,483 271,683



22 Heritage and culture

2015 2014

$ $

Income from events/programmes

Heritage centre income 13,417 3,382

Heritage Fest - 3,000

Income from rental of costumes 670 270

Learning journeys fees 3,535 2,645

Sale of books/ compact discs 2,550 910

20,172 10,207

Government Grants - Care & Share 173,079 14,598

Total income 193,251 24,805


Books 1,156 456

Direct operating expenses 8,893 2,843

Heritage centre expenses 267 1,629

Heritage - Depreciation 20,434 20,434

Heritage - Utilities 4,229 4,626

Heritage - Salaries and related CPF contribution 35,603 28,603

Heritage - Temporary Occupation License Fee (Note 28) 12,336 12,334

Learning journeys 445 -


Funded by:

Heritage endowment fund (Note 12) 230 229


83,363 70,925 Included in learning journey fees income are tax deductible donations of $348 (2014: $1,617).





23 Youth and sports development programmes

2015 2014

$ $


EA Golf Society 7,160 50,485

S.E.A. Games 4,000 -



EA Golf Society 14,333 66,969

S.E.A. Games 12,756 -

Youth Toastmasters 1,386 -

Youth Professional Gathering 810 -


Funded by: Unrestricted funds Included in EA golf society income are tax deductible donations of $Nil (2014: $1,500).

24 Performing arts development programmes

2015 2014

$ $


Chingay parade - 800

Orange ribbons - 240

Total income - 1,040


Chingay parade 6,828 9,334

Orange ribbons - 266

Inter-Racial Inter-Religious harmony night 1,226 572


Funded by: Unrestricted funds



25 Community development and outreach programmes

2015 2014

$ $

Income from events/programmesChildren’s Christmas treat fees 1,085 5,740

Community Christmas party fees 3,585 2,006

Fees from monthly Community development events 5,287 5,649

New Year’s eve ball fees 29,940 30,800


Events/programme expenditureChildren’s Christmas treat 5,616 5,740

Community Christmas party 4,514 1,947

Monthly Community development events 6,595 6,022

New Year’s eve ball 31,063 34,573


SJI Eurasian Cultural Night - 2,411


Funded by: Unrestricted funds Included in fees from monthly Community development events income and New Year’s Eve ball fees income are tax deductible donations of $600 (2014: $300) and $11,000 (2014: $4,800).





26 Family support services

2015 2014

$ $


Activities/events for family support services families - 2,413

Bank charges 212 184

Beyond Financial assistance programme 10,861 2,314

Direct operating expenses 665 926

Edward D’Silva’s Donation 1,157 2,920

Emergency assistance 224 300

Family Christmas party 26,676 24,175

Financial assistance 88,217 76,187

Food rations and expenditures 45,551 38,467

Ration Volunteers appreciation 2,820 2,660


Temasek Care Project Spark 44,227 -

Transport Subsidy Scheme from Woh Hup Trust 9,160 80

Silent Minority Compassionate Bursary 24,300 -

Upkeep of family support services rations delivery van 9,280 3,566

Utilities 529 578


Funded by:

Special purpose fund (Note 15) 250,410 146,637


319,537 209,095



27 Administration and governance costs

2015 2014

$ $

Advertisement 680 871

Audit fees 37,130 37,817

Bank charges 880 3,025

Books and newspaper 691 573

Computer related expenses 7,612 7,444

Donations 15,000 -

General 6,920 1,207

Insurance 9,097 8,396

Internal audit fees - 15,500

Meetings and events 2,588 2,686

Membership fee 405 -

Minor equipment 4,045 2,865

Office supplies 2,569 2,501

Postage and courier 852 1,175

Printing and stationery 7,901 9,808

Professional fees 2,675 4,529

Salaries, bonus, allowances and CPF contribution 340,139 316,770

Staff welfare and medical 1,177 970

Telephone 8,878 8,353

Temporary services and volunteer management 4,140 471

Training 2,640 2,149

Transport 5,850 4,037

Utilities - office 2,643 2,734







28 Eurasian community house

2015 2014

$ $

Community House Income

Temporary Occupation License fee included in statement of comprehensive income:

- Eurasian community house expenditure # 136,801 136,803

- Heritage and culture expenditure (Note 22) 12,336 12,334

149,137 149,137

Community House Expenditure

Temporary Occupation License fee # 136,801 136,803

Maintenance and repair 86,325 78,968

Security cost 29,856 25,463

Utilities - House 45,458 49,729


Funded by: Unrestricted funds # The Association pays a Temporary Occupation License (“TOL”) fee yearly on the plot of land on which its building is

located. A grant of equal amount, presented as “Government grants - TOL” in the statement of comprehensive income, is received from the Ministry of Culture, Community and Youth.

29 Publication/Sale of books

2015 2014

$ $

New Eurasian Magazine Advertisement 300 -

Total income 300 -

Publication – New Eurasian Magazine 53,942 54,871

Publication – Annual Report 11,396 11,262

Publication – Others 1,135 1,793





30 Other activities

2015 2014

$ $

Other income

Gain on disposal of property, plant and equipment 951 -

Karate Class 1,367 1,320

Magazine advertisement 300 -

Membership subscription 804 1,908

NUS Alumni Eurasian Fiesta 3,500 -

Other income - 900

Rental - hall/meeting room 7,490 21,783

Rental - Quentin’s 29,640 29,640

Studio/guitar lessons 627 1,723

Swordsmanship fees 3,180 3,570

47,859 60,844

Government Grants - Others 9,000 -


Other expenditure

AGM expenses 4,011 3,014

Community tribute to Mr Lee Kuan Yew 8,070 -

E W Barker Book Project author’s fee 30,000 -

E W Barker Book Project bank charges 40 40

Event expenditure 7,422 6,018

Music instructor fees - 756

NUS Alumni Eurasian Fiesta 6,747 -

Swordsmanship 2,079 2,499

Singapore’s 50th Anniversary Book Project: Our City, Our Home: Singapore Eurasians 1965-2015 107,524 -

The Eurasian Collection book project 32,642 -


Funded by:

E W Barker Book (Note 14) 30,040 40


198,535 12,327

Included in NUS Alumni Eurasian Fiesta fees income are tax deductible donations of $1,000 (2014: $Nil).





31 Taxation

2015 2014

$ $

Surplus before taxation 866,006 181,666

Tax at statutory rate of 17% 147,221 30,883

Tax exemption under Charities Act (147,221) (30,883)

Total expenditure - -

The Association is an approved charity under the Charities Act, Chapter 37 and an Institution of Public Character under the Income Tax Act, Chapter 134. No provision for tax has been made in the financial statements as the Association is exempt from income tax.

32 Commitments

32.1 Capital commitment

2015 2014

$ $

Capital expenditure contracted but not provided for in the financial statements 6,720 -

32.2 Operating lease commitments (non-cancellable)

Where the Association is the lessee At the end of the reporting period, the Association was committed to making the following rental payments in respect of non-

cancellable operating leases of the land for its building with an original term of more than one year:

2015 2014

$ $

Not later than one year 139,380 139,380

Later than one year but not later than five years 92,920 232,300

Later than five years - -

232,300 371,680

The leases on the Association’s land on which rentals are payable will expire in August 2017 with a renewal option and the current rent payable on the lease is $11,615 per month which is subject to revision on renewal. The lease expenditure is funded by a grant from the Ministry of Culture, Community and Youth.

Where the Association is the lessor

At the end of the reporting period, the Association had the following rental income under non-cancellable lease for commercial premise with term of more than one year:



32 Commitments (continued)

32.2 Operating lease commitments (non-cancellable) (continued)

2015 2014

$ $

Not later than one year 27,170 29,640

Later than one year but not later than five years - 27,170

Later than five years - -

27,170 56,810

The leases on the Association commercial premise on which rental is received will expire in November 2016 with renewals at the then prevailing rates.

33 Key management personnel

Key management personnel compensation included in staff cost is as follows:

2015 2014

$ $

Wages, salaries and staff benefits 109,749 104,237

Contributions to defined contribution plans 12,743 10,852

122,492 115,089

The Management Committee is the final authority and is overall responsible for policy making and determination of all activities. They are volunteers and receive no monetary remuneration for their contribution.

The Associations’ key executive remuneration is disclosed in the following band:

Number of key executives

2015 2014

Annual salary range

$100,000 to $200,000 1 1





34 Financial risk management objectives and policies

The Management Committee have documented financial risk management policies. These policies set out the Association’s risk management philosophy. The Association is exposed to financial risks arising from its operation. The key financial risks included credit risk, liquidity risk, interest rate risk, foreign currency risk and market price risk. There has been no change to the Association’s exposure to these financial risks or the manner in which it manages and measures the risk.

The Association does not hold or issue derivative financial instruments for trading purposes or to hedge against fluctuations, if any, in interest rates and foreign exchange.

The carrying amounts of financial assets and financial liabilities at the reporting date by categories are as follows:

2015 2014

$ $

Loans and receivable at amortised cost

Other receivables 551,007 269,422

Deposits 8,720 8,720


2,960,451 2,064,225

Financial liabilities at amortised cost

Trade and other payables* 159,786 124,135

* Excluded deferred donations

Credit risk Credit risk refers to the risk that counterparties may default on their contractual obligations resulting in financial loss to the

Association.

The Association’s exposure to credit risk arises primarily from other receivables.

The Association establishes an allowance for impairment that represents its estimate of incurred losses in respect of other receivables. The allowance account in respect of other receivables is used to record impairment losses unless the Association is satisfied that no recovery of the amount owing is possible. At that point, the financial asset is considered irrecoverable and the amount charged to the allowance account is written off against the carrying amount of the impaired financial asset.

At the reporting date, the other receivables are neither past due nor impaired. They are based on the creditworthiness of the counterparties and credit quality and past collection history of the receivables.

At the reporting date, there are no financial assets that are past due but not impaired.

Cash balances and fixed deposits are placed with banks of good credit ratings.

Market risk Market risk is the risk that changes in interest rates, foreign exchange rates and market prices will have on the Association’s

income or the value of its holdings of financial instruments.


34 Financial risk management objectives and policies (continued)

Interest rate risk The Association’s exposure to changes in interest rates relates primarily to its variable rate fixed deposits.

For fixed deposits at variable rates, an increase of 50 basis points in interest rate at the reporting date would increase surplus and total funds by less than $1,000 (2014: $1,000). A decrease of 50 basis points in interest rate would have an equal but opposite effect. This analysis assumes that all other variables, in particular foreign currency rates, remain constant and does not take into account the associated tax effect.

Foreign currency risk Currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates.

Currency risk arises when transactions are denominated in foreign currencies.

The Association is not exposed to foreign currency risk as all its financial assets and liabilities are denominated in Singapore dollars.

Price risk Price risk is the risk that the value of a financial instrument will fluctuate due to changes in market prices.

The Association is not exposed to price risk as it does not hold any quoted investments.

Liquidity risk Liquidity or funding risk is the risk that the Association will encounter difficulty in meeting financial obligations due to shortage

of funds. Liquidity risk may result from an inability to sell a financial asset quickly at close to its fair value.

The Association maintains sufficient level of cash and cash equivalents to finance the Association’s operations and mitigate the effects of fluctuation in cash flows.

The table below analyses the maturity profile of the Association’s financial liabilities based on contractual undiscounted cash flows.

Contractual undiscounted cash flows

Carryingamount Total

Less than1 year

Between2 and 5

yearsOver

5 years

$ $ $ $ $

31 December 2015

Trade and other payables 159,786 159,786 159,786 - -

31 December 2014

Trade and other payables 124,135 124,135 124,135 - -




35 Fair values of financial instruments

Definition of fair value FRSs define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction

between market participants at the measurement date.

The notional amounts of financial assets and liabilities with a maturity of less than one year (including other receivables, cash and cash equivalents, trade and other payables) approximate their fair values because of the short period to maturity.

36 Funds management policy

The objectives of the Management Committee when managing funds are: (a) to safeguard the Association’s ability to continue as going concerns; and (b) to provide capital for the purpose of promoting the economic, social, cultural, physical and intellectual advancement of

the Eurasian community in Singapore.

The Management Committee actively and regularly review and manage its funds structure to ensure optimal capital structure, taking into consideration the future requirements, prevailing and projected profitability, projected operating cash flows and projected capital expenditures.

The Management Committee monitor funds using the annual-operating-expenditure-to-total-funds ratio.

2015 2014

$ $

Annual operating expenditure (A) 2,194,038 1,875,015

Total funds (B) 3,326,285 2,460,279

Annual-operating-expenditure-to-total-funds ratio (times) (A)/(B) 0.66 0.76

The Association is not subject to externally imposed capital requirements. There were no changes in the Association’s approach to capital management during the year.





37 Comparative information

The Management reviewed the cash and cash equivalents for the year ended 31 December 2014 to exclude long maturity fixed deposit from the cash and cash equivalent. The effect of the amendment is disclosed below:

$

Cash and cash equivalents as at 31 December 2014 as previously reported 1,746,083

Long maturity fixed deposit (398,857)

Cash and cash equivalents as at 31 December 2014, as amended 1,347,226

38 Event after the reporting period

Subsequent to the end of the reporting period, the Management Committee resolved to set aside $210,000 from the Association’s surplus for EA University Scholarship programme. This scholarship will support the student for the entire duration of their programme. This proposal would benefit 25 university students between 2018 and 2025.


financial statementsthe eurasian association,endowment fund

contents84 Statement by Trustees

85 Independent auditor’s report

87 Statement of financial position

88 Statement of comprehensive income

89 Statement of changes in accumulated fund

90 Statement of cash flows

91 Notes to the financial statements

fund informationFund registration number UEN: S92CC0913B

Registered office 139 Ceylon Road, Singapore 429744

President Benett Maximillian Theseira

1st. Vice President Barker Carla Jacqueline

2nd. Vice President Pereira Yvonne Marie Nee Lesslar

Honorary Secretary Da Silva Geoffrey Claude

Honorary Treasurer Paul Leong Siew Choong

Independent auditor Foo Kon Tan LLP Public Accountants and Chartered Accountants47 Hill Street #05-01 Singapore Chinese Chamber of Commerce & Industry Building, Singapore 179365

31 December 2015


We, Timothy James De Souza and Gerald Maximillian Minjoot, being two of the Trustees of the Eurasian Association, Endowment Fund (the “Fund”), do hereby state that on behalf of the Trustees, that in the opinion of the Trustees, the accompanying statement of financial position, statement of comprehensive income, statement of changes in accumulated funds and statement of cash flows, together with the notes thereon, are properly drawn up so as to present fairly, in all material respects, the financial position of the Fund as at 31 December 2015 and of the financial performance, changes in accumulated fund and cash flows of the Fund for the financial year ended on that date in accordance with the Endowment Fund Trust Deed and Singapore Financial Reporting Standards; and at the date of this statement, there are reasonable grounds to believe that the Fund will be able to pay its debts as and when they fall due.

On Behalf of the Board of Trustees

.............................................................................. ..................................................................................... TIMOTHY JAMES DE SOUZA GERALD MAXIMILLIAN MINJOOT Trustee Trustee

Dated: 3 March 2016

statement by trustees for the financial year ended 31 December 2015


Report on the financial statements

We have audited the accompanying financial statements of the Eurasian Association, Endowment Fund (the “Fund”), which comprise the statement of financial position as at 31 December 2015, the statement of comprehensive income, statement of changes in accumulated fund and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.

The Trustees’ responsibility for the financial statementsThe Trustees are responsible for the preparation and fair presentation of these financial statements in accordance with the provisions of the Endowment Fund Trust Deed (the “Deed”) and Singapore Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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 about 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 Trustees, 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, the financial statements of the Fund are properly drawn up in accordance with the provisions of the Deed and Singapore Financial Reporting Standards so as to present fairly, in all material respects, the financial position of the Fund as at 31 December 2015, and the financial performance, changes in accumulated fund and the cash flows of the Fund for the financial year ended on that date.

independent auditor’s report to the members of the eurasian association, endowment fund


Report on Other Legal and Regulatory Requirements

OpinionIn our opinion:

(a) the receipts, expenditure, investment of moneys and the acquisition and disposal of assets by the Fund during the year are, in all material respects, in accordance with the provisions of the Acts; and

(b) proper accounting and other records have been kept, including records of all assets of the Fund whether purchased, donated or otherwise.

Foo Kon Tan LLPPublic Accountants andChartered Accountants

Singapore, 3 March 2016

independent auditor’s report to the members of the eurasian association, endowment fund (continued)


statement of financial positionas at 31 December 2015


31 December 2015 31 December 2014

Note $ $

Assets

Current

Interest receivable 4,813 3,682

Cash and cash equivalents 3 1,447,908 1,439,540

1,452,721 1,443,222

Total assets 1,452,721 1,443,222

Funds

Accumulated fund 1,449,171 1,439,672

Liabilities

Current

Accruals 3,550 3,550

Total liabilities 3,550 3,550

Total funds and liabilities 1,452,721 1,443,222


statement of comprehensive incomefor the financial year ended 31 December 2015


Year ended31 December 2015

$


$Note

Income:

Interest income:

- bank balances 45 80

- fixed deposits 13,263 9,060

13,308 9,140

Less: Expenditure

Audit fees 3,745 3,940

Bank charges 64 282

General and administrative expenses - 42

3,809 4,264

Surplus before taxation 4 9,499 4,876

Income tax 5 - -


Other comprehensive income at Nil tax - -

Total comprehensive income for the year 9,499 4,876


statement of changes in accumulated fund

Accumulatedfund

$

At 1 January 2014 1,434,796

Surplus for the year representing total comprehensive income for the year 4,876

At 31 December 2014 1,439,672

Surplus for the year representing total comprehensive income for the year 9,499

At 31 December 2015 1,449,171




statement of cash flows



$


$

Cash Flows from Operating Activities


Adjustment for:

Interest income (13,308) (9,140)

Operating deficit before working capital changes (3,809) (4,264)

Changes in receivables (1,131) (3,682)

Changes in other payables - (1,950)

Cash used in operations (4,940) (9,896)

Interest received 13,308 9,140

Net cash generated/(used in) operating activities 8,368 (756)

Net increase/(decrease) in cash and cash equivalents 8,368 (756)

Cash and cash equivalents at beginning of year 1,439,540 1,440,296

Cash and cash equivalents at end of year (Note 3) 1,447,908 1,439,540



1 General information

The financial statements of The Eurasian Association, Endowment Fund (the “Fund”) for the year ended 31 December 2015 were authorised for issue by the Board of Trustees.

The Fund was set up under a Trust Deed dated 30 August 1992.

The registered office of the Fund is located at 139 Ceylon Road, Singapore 429744.

The Fund has been established to provide welfare and financial assistance to the poor and needy among the Eurasian community.

2(a) Basis of preparation

The financial statements have been prepared in accordance with Singapore Financial Reporting Standards (“FRS”), including related Interpretations promulgated by the Accounting Standards Council. The financial statements have been prepared under the historical cost convention, except as disclosed in the accounting policies below.

The financial statements are presented in Singapore dollars which is the Fund’s functional currency. All financial information has been presented in Singapore dollars, unless otherwise stated.

The accounting policies set out below have been applied consistently to all periods presented in these financial statements.

Critical accounting estimates and significant judgements

The preparation of financial statements in conformity with FRS requires the Trustees to make judgement, estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenditures during the financial year. Although these estimates are based on the Trustees’ best knowledge of current events and actions, actual results may differ from those estimates.

There are no critical accounting estimates or significant judgements used by the Fund at the reporting dates.

2(b) Interpretations and amendments to published standards effective in 2015

The Trustees assessed that the adoption of FRSs effective on 1 January 2015 does not have any impact on the financial statements of the Fund.

notes to the financial statementsfor the financial year ended 31 December 2015


2(c) FRS not yet effective

The following are the new or amended FRS and INT FRS issued in 2015 that are not yet effective but may be early adopted for the current financial year:

Reference Description

Effective date(Annual periods beginning on or after)

FRS 1 Amendments to FRS 1: Disclosure Initiative 1 January 2016

FRS 109 Financial Instruments 1 January 2018

FRS 1 Presentation of Financial Statements The amendments to FRS 1 Presentation of Financial Statements clarify that materiality applies to the whole of financial

statements and that the inclusion of immaterial information can inhibit the usefulness of financial disclosures. Furthermore, the amendments clarify that companies should use professional judgement in determining where and in what order information is presented in the financial disclosures. FRS 1 is effective for annual periods beginning on or after 1 January 2016.

FRS 109 Financial Instruments FRS 109 Financial Instruments replaces FRS 39 and it is a package of improvements introduced by FRS 109 which include a

logical model for:

• Classification and measurement; • A single, forward – looking “expected loss” impairment model and • A substantially reformed approach to hedge accounting

FRS 109 is effective for annual periods beginning on or after 1 January 2018. The Fund is currently assessing the impact to the financial statements.

The Trustees do not anticipate that the adoption of the above FRSs in future periods will have a material impact on the financial statements of the Fund.





2(d) Summary of significant accounting policies

Financial assets Financial assets, other than hedging instruments, can be divided into the following categories: financial assets at fair value

through profit or loss, held-to-maturity investments, loans and receivables and available-for-sale financial assets. Financial assets are assigned to the different categories by management on initial recognition, depending on the purpose for which the investments were acquired. The designation of financial assets is re-evaluated and classification may be changed at the reporting date with the exception that the designation of financial assets at fair value through profit or loss is not revocable.

All financial assets are recognised on their trade date, the date on which the Fund commits to purchase or sell the asset. Financial assets are initially recognised at fair value, plus directly attributable transaction costs except for financial assets at fair value through profit or loss, which are recognised at fair value.

Derecognition of financial instruments occurs when the rights to receive cash flows from the investments expire or are transferred and substantially all of the risks and rewards of ownership have been transferred. An assessment for impairment is undertaken at least at the end of each reporting period whether or not there is objective evidence that a financial asset or a group of financial assets is impaired.

Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Fund currently has a legally enforceable right to set off the recognised amounts; and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Non-compounding interest and other cash flows resulting from holding financial assets are recognised in the statement of comprehensive income when received, regardless of how the related carrying amount of financial assets is measured.

At 31 December 2014 and 2015, the Fund does not hold any financial assets at fair value through profit or loss, held-to-maturity financial assets or available-for-sale financial assets.

Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active

market. They arise when the Fund provides money, goods or services directly to a debtor with no intention of trading the receivables. They are included in current assets, except for maturities greater than 12 months after the end of the reporting period. These are classified as non-current assets.

Loans and receivables are subsequently measured at amortised cost using the effective interest method, less provision for impairment. If there is objective evidence that the asset has been impaired, the financial asset is measured at the present value of the estimated future cash flows discounted at the original effective interest rate. Impairment losses are reversed in subsequent periods when an increase in the asset’s recoverable amount can be related objectively to an event occurring after the impairment was recognised, subject to a restriction that the carrying amount of the asset at the date the impairment is reversed does not exceed what the amortised cost would have been had the impairment not been recognised. The impairment or write back is recognised in the profit or loss.

Loans and receivables comprise other receivables.





Cash and cash equivalents Cash and cash equivalents comprise cash balances and fixed deposits.

Financial liabilities Financial liabilities are recognised when the Fund becomes a party to the contractual agreements of the instrument. All interest-

related charges are recognised as an expense in “finance cost” in the profit or loss. Financial liabilities are derecognised if the Fund’s obligations specified in the contract expire or are discharged or cancelled.

Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Fund currently has a legally enforceable right to set off the recognised amounts; and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Trade and other payables are initially recognised at fair value, and subsequently measured at amortised cost, using the effective interest method.

Gains and losses are recognised in the profit or loss when the liabilities are derecognised as well as through the amortisation process.

The Fund’s financial liabilities comprise accruals.

Key management personnel Key management personnel are those persons having the authority and responsibility for planning, directing and controlling

the activities of the entity. A key executive officer is considered key management personnel.

Related parties A related party is defined as follows:

(a) A person or a close member of that person’s family is related to the Fund if that person: (i) has control or joint control over the Fund; (ii) has significant influence over the Fund; or (iii) is a member of the key management personnel of the Fund.

(b) An entity is related to the Fund if any of the following conditions applies: (i) the entity and the Fund are members of the same group; (ii) one entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group

of which the other entity is a member); (iii) both entities are joint ventures of the same third party; (iv) one entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v) the entity is a post-employment benefit plan for the benefit of employees of either the Fund or an entity related to

the Fund. If the Fund is itself such a plan, the sponsoring employers are also related to the Fund; (vi) the entity is controlled or jointly controlled by a person identified in (a); or (vii) a person identified in (a) (i) has significant influence over the entity or is a member of the key management

personnel of the entity.




2(d) Summary of significant accounting policies (continued) Income recognition Interest income is recognised on a time-apportioned basis using the effective interest rate method.

Functional currencies Functional and presentation currency The financial statements of the Fund are presented in Singapore Dollars, which is also the functional currency of the Fund.

Conversion of foreign currencies Transactions and balances Transactions in a currency other than the functional currency (“foreign currency”) are translated into the functional currency

using the exchange rates at the date of the transactions. Currency translation differences from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at the closing rates at the end of the reporting period are recognised in the profit or loss.

Non-monetary items measured at fair values in foreign currencies are translated using the exchange rates at the date when the fair values are determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the date of the translations.

3 Cash and cash equivalents

2015 2014

$ $

Fixed deposits 1,353,042 1,347,310

Bank balance 94,866 92,230

1,447,908 1,439,540 The weighted average effective interest rate on fixed deposits is 1. 23% (2014: 0.9%) per annum.

4 Surplus before taxation The Fund had no employees during the financial years ended 31 December 2015 and 2014. All manpower requirements were

provided by the Eurasian Association without a charge.

5 Taxation

2015 2014

$ $

Surplus before taxation 9,499 4,876

Tax at statutory rate of 17% 1,615 829

Tax exemption under Charities Act (1,615) (829)

Total expenditure - -

The Fund is a registered charity under the Charities Act, Chapter 37. No provision for tax has been made in the financial statements as the Fund is exempt from income tax.




6 Financial risk management objectives and policies The Trustees have documented financial risk management policies. These policies set out the Trustees’ risk management

philosophy. Trustees are exposed to financial risks arising from its operation. The key financial risks included credit risk, liquidity risk, interest rate risk, foreign currency risk and market price risk. There has been no change to the Trustees’ exposure to these financial risks or the manner in which it manages and measures the risk.

The Fund does not hold or issue derivative financial instruments for trading purposes or to hedge against fluctuations, if any, in interest rates and foreign exchange.

The carrying amounts of financial assets and financial liabilities at the reporting date by categories are as follows:

2015 2014

$ $

Loans and receivable at amortised cost

Interest receivable 4,813 3,682


1,452,721 1,443,222

Financial liabilities at amortised cost

Accruals 3,550 3,550

Credit risk Credit risk refers to the risk that counterparties may default on their contractual obligations resulting in financial loss to

the Fund.

At the reporting date, the other receivables are neither past due nor impaired. They are based on the creditworthiness of the counterparties and credit quality and past collection history of the receivables.

At the reporting date, there are no financial assets that are past due but not impaired.

The cash and cash equivalents are held with banks of good credit ratings.

Market risk Market risk is the risk that changes in interest rates, foreign exchange rates and market prices will have on the Fund’s income

or the value of its holdings of financial instruments.

Interest rate risk The Fund’s exposure to changes in interest rates relates primarily to its variable rate fixed deposits.

For fixed deposits at variable rates, an increase of 50 basis points in interest rate at the reporting date would increase surplus before tax and accumulated fund by approximately $66 (2014: $45). A decrease of 50 basis points in interest rate would have an equal but opposite effect. This analysis has not taken into account the associated tax effect and assumes that all other variables, in particular foreign currency rates, remain constant.




6 Financial risk management objectives and policies (continued)

Foreign currency risk Currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates.

Currency risk arises when transactions are denominated in foreign currencies.

The Fund is not exposed to foreign currency risk as all of its financial assets and liabilities are denominated in Singapore dollars.

Market price risk Price risk is the risk that the value of a financial instrument will fluctuate due to changes in market prices.

The Fund is not exposed to any movement in price risk as it does not hold any quoted investments.

Liquidity risk Liquidity or funding risk is the risk that the Fund will encounter difficulty in meeting financial obligations due to shortage of

funds. Liquidity risk may result from an inability to sell a financial asset quickly at close to its fair value.

The Fund maintains sufficient level of cash and cash equivalents to finance the Fund’s operations and mitigate the effects of fluctuation in cash flows.

The table below analyses the maturity profile of the Fund’s financial liabilities based on contractual undiscounted cash flows.

Contractual undiscounted cash flows

Carryingamount Total

Less than1 year

Between 2and 5 years

Over5 years

$ $ $ $ $

At 31 December 2015

Accruals 3,550 3,550 3,550 - -

At 31 December 2014

Accruals 3,550 3,550 3,550 - -




7 Fair values of financial instruments Definition of fair value FRSs define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction

between market participants at the measurement date.

The notional amounts of financial assets and liabilities with a maturity of less than one year (including cash and cash equivalents, and accruals) approximate their fair values because of the short period to maturity.

8 Fund’s management policy The Trustees’ objectives when managing funds are:

(a) To safeguard the Fund’s ability to continue as going concerns; and

(b) To provide capital for the purpose of providing welfare and financial assistance to the poor and needy among the Eurasian community in Singapore.

The Trustees actively and regularly reviews and manages its funds structure to ensure optimal capital structure, taking into consideration the future requirements, prevailing and projected profitability and projected operating cash flows and projected capital expenditures.

The Trustees monitors funds using the annual-operating-expenditure-to-accumulated-fund ratio:

2015 2014

$ $

Annual operating expenditure (A) 3,809 4,264

Accumulated fund (B) 1,449,171 1,439,672

Annual-operating-expenditure-to-accumulated-fund ratio (times) (A)/(B) 0.26% 0.30%

The Fund is not subject to externally imposed capital requirements. There were no changes in the Fund’s approach to capital management during the year.


Dear Member,

ANNUAL GENERAL MEETING 2016

The Annual General Meeting of The Eurasian Association, Singapore, will be held at the Eurasian Community House, 139 Ceylon Road, Singapore 429744, on Saturday 16 April 2016 at 5.00pm. Dinner will follow.

For administrative purposes (seating and catering), we would be most grateful if you could complete the response slip below, and fax or mail it to the Association by latest 28 March 2016.

Yours sincerely,

Geoffrey da SilvaHonorary Secretary Eurasian Association

To:General Manager, Lester LowEurasian Association139 Ceylon Road Singapore 429744Tel: 6447 1578 Fax: 6447 3189

ATTENDANCE AT THE EURASIAN ASSOCIATION AGM 2016(please tick as appropriate)

I will attend the AGM on 16 April 2016

I will have dinner

Name: ________________________________________________NRIC Number: ____________________

Telephone: ___________________________________ Email: ______________________________________

Signature: ______________________________ Date: ___________________________________________

The Eurasian Association, Singapore139 Ceylon Road, Singapore 429744Tel: 6447 1578 Fax: 6447 3189

AnnuAl GenerAl MeetinG – AttendAnce ForM

Proposer

I, _____________________________________________________________________ (Name of Proposer)

NRIC No. ____________________________________ (Proposer’s NRIC No.)

Propose: _______________________________________________________________ (Name of Nominee)

NRIC No. ____________________________________ (Nominee’s NRIC No.)

to stand for ______________________________________ (Post), for the term commencing in April 2016.

Signature Date __________________ (Signature of Proposer)

Seconder

I, ____________________________________________________________________ (Name of Seconder)

NRIC No. ____________________________________ (Seconder’s NRIC No.) second the proposal.

Signature Date __________________ (Signature of Seconder)

Nominess I hereby consent to the above nomination and to offer my services to the Eurasian Association if elected for the term commencing in April 2016.

Full Name: _____________________________________________________________ (Name of Nominee)

NRIC No: ____________________________________ (Nominee’s NRIC No.)

Signature Date __________________ (Signature of Nominee)

This nomination form should be returned in person or sent by registered mail to the Association’s official address not later than 5pm on 1 April 2016. The envelope should be sealed and marked “Nominations for AGM”.

The Eurasian Association, Singapore139 Ceylon Road, Singapore 429744

Tel: 6447 1578 Fax: 6447 3189

The eurasian associaTion, singapore – nominaTion Form

Eurasian Community House

139 Ceylon Road Singapore 429744Tel: 6447 1578Fax: 6447 3189

www.eurasians.org

Documents

Striding Forward Embracing divErSity03 annual report 2015 notice and agenda 1. notice is hereby given that the annual general meeting of the eurasian association, singapore, will be