Page 9 - NYAA Annual Report 2023

Additionally, bridging the digital divide for older people becomes imperative as society transitions
into the digital age. To this end, the NYAA Gold Award Holders' Alumni and participants are
encouraged to develop active ageing programmes that support senior individuals, enabling them
to remain socially active and connected to society during their twilight years. Through these
community bonding projects and activities, we can foster care, compassion, and understanding
among the youth, enhancing the quality of life for older people.

REVIEW OF THE YEAR 2023

Staffing and Volunteers

The NYAA Secretariat is headed by an Executive Director, Mr James Soh, and five other full-time
staff members. In addition, the Secretariat is assisted by a large pool of volunteers, mainly the
NYAA Gold Award holders and Award Coordinators.

As of 31 December 2023, the breakdown of the staff strength and volunteers are as follows:

Total Number of Full-Time Staff: 6
Total Number of Award Operating Partners: 221 (Appendix 5)
Total Number of Award Coordinators and Volunteers: 2,350
Total Number of Gold Award Holders: 4,741
Total Number of New Award Participants for 2023: 12,518 (Appendix 6)
Total Number of Awards Awarded for 2023: 6,285 (Appendix 6)

REVIEW OF FINANCIAL STATUS

The National Youth Achievement Award Association recorded a deficit of S$137,957.00 in 2023.
(Please see Appendix 7 for a summary of financial performance.)

For 2023, the Association received four donations, amounting to S$790,097. Many corporations
and businesses are still recovering from the aftermath of the COVID-19 pandemic and global issues
such as wars. We did not embark on any fundraising event. (Please see Appendix 9 for a list of
donors).

Audited Financial Statement for the Year ended 31 December 2023

Please visit our website for the full audited financial report from PricewaterhouseCoopers LLP.
(https://www.nyaa.org/finance). (Please see Appendix 8 for a summary of the online financial
statement.)

Fundraising Activity

In 2023, the Association did not organise specific fundraising events due to the adverse impact of
the COVID-19 pandemic and global war challenges on corporate and business sectors. We are
grateful for the continued support of The Tote Board and HSBC Singapore, for their generous
support.

While specific fundraising events were not conducted in 2023, the Association remained
committed to exploring alternative avenues for securing the necessary resources to fulfil our
mission. We extend our heartfelt appreciation to all corporations, foundations, and donors who
generously contributed to the NYAA, enabling us to continue empowering young people and
fostering their personal development.

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