Chairman’s Report
29th November 2024
Dear members,
It is my pleasure to report that there has been steady growth of the Foundation both in financial and membership terms during the year under review.
In the past year, the Foundation has continued its support to Ying Wa College and Ying Wa Primary School via various sponsorships in the sum of around HK$400,000. These include the continued sponsorship to the purchase of computer equipment for the teaching staff and the sponsorships to students for foreign learning trips and music tours.
The total donations received for the year was about HK$1.25million (similar to previous year’s HK$1.29million). We have started various initiatives for fund raising and one of which was broadening the base of membership. There were over 20 new members joining the Foundation and attracted over HK$600,000 as donations. We have also used the YWPS musical event in April 2024 as a fund raising activity. We will continue to explore the means of attracting donations to the fund and strengthen the financial standing of the Foundation.
As at 30th June 2024, the amount of funds remains in the Foundation was approximately HK$9 million (compared to HK$8.3 million in the previous period). We will use our best endeavours to appropriately apply and utilize these funds for the betterment of Ying Wa.
I wish to express my sincere thanks to all the assistance given by the elected and ex-officio executive committee members and for their devoted services in the past term, for which I am much obliged. On behalf of the Executive Committee, I wish to express our appreciation of all the contribution made by members of the Foundation as well as the donations made by the Ying Wa community.
KWAN KAI CHEONG
CHAIRMAN