Page 11 - NYAA Annual Report 2024

Through these initiatives, the NYAA Gold Award Holders' Alumni and current participants play an
active role in developing programmes that empower seniors to remain socially connected,
engaged, and active contributors to society. These intergenerational community projects cultivate
empathy, compassion, and mutual understanding, enriching the lives of both the young and the
elderly.

REVIEW OF THE YEAR 2024

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 2024, the breakdown of the staff strength and volunteers is 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: 1,850
Total Number of Gold Award Holders: 5,122
Total Number of New Award Participants for 2024: 12,665 (Appendix 6)
Total Number of Awards Awarded for 2024: 5,057 (Appendix 6)
Total of New Participants participating in the Butterfly Award in 2024: 2,341 (Appendix 6)
Total Number of Awards Awarded for Butterfly Award in 2024: 303 (Appendix 6)
Total Number of Schools operating the Butterfly Award in 2024: 33 (Appendix 6)

REVIEW OF FINANCIAL STATUS

In 2024, the National Youth Achievement Award (NYAA) Association recorded a surplus of
S$221,790.00 (refer to Appendix 8 for the detailed summary of financial performance).

During the year, the Association received a total of nineteen donations, amounting to
S$1,307,905.00, contributed by seventeen donors. These contributions were secured through
targeted outreach efforts to corporations, foundations, individual philanthropists, and
longstanding NYAA supporters.

While many corporations and businesses continue to navigate economic uncertainties in the post-
COVID-19 environment—further compounded by global geopolitical tensions and conflicts—the
continued support from our donors underscores the strong confidence and trust placed in the
NYAA's mission and impact. The Association remains deeply grateful for the generosity and
steadfast partnership of our donors, whose contributions are critical in sustaining and expanding
our youth development programmes.

Through prudent financial management and responsible stewardship of resources, the NYAA
Association remains financially resilient and well-positioned to continue delivering high-quality
programmes that empower and develop Singapore's young people.

Audited Financial Statement for the Year ended 31 December 2024

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.)

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