Dear members,
Chairman’s Report
11th November 2023
I am pleased to report that a surplus of HK$414,935 was recorded during the year under review.
Highlights for the year under review include:
(a) Two walkathons were held during the year. One virtual walkathon was held in the summer of 2022 due to the pandemic and a physical walkathon was held in December 2022. The donation income was accordingly substantially increased as compared with the previous period.
(b) The English version of the Ying Wa Bi-centennary History book was issued during the year and the distribution of complimentary copies to universities and academic institutions was arranged. The History books have since been offered for sales to the public.
(c) The sponsorship of over HK$800,000 in the last two years for the purchase of computer facilities for the School.
As at 30th June 2023, the amount of funds in the Foundation was approximately HK$8.0 million. Together with the $3 million of funds held by the Ying Wa College Old Boys Association Charity Trust Fund, the aggregate amount of funds at our disposal is now in excess of HK$11 million. We will increase our funds over time so that the income from our accumulated funds would be adequate to support the activities of our School.
On behalf of the Executive Committee, I wish to express our appreciation of the contribution made by members of the Foundation as well as the donations made by the Ying Wa community.
KWAN KAI CHEONG
CHAIRMAN