GMT20260429-095639_Recording_1920x1040

2:10:00 8 speakers 47 chapters 1174 segments

Chapters

  1. 8:09

    Norris. Eh, you better untick the ARC one eh. It's ARC. Ah, on 6th of May. Okay. Can ah? Otherwise you'll have this problem. Thank you. I made you host, ah? I made you host, ah? Me or James or two friends? James never come in. Where are you…

  2. 10:03

    I want to make my background. I want to make my background. I want to make my background. I want to make my background. I want to make my background. I want to make my background. I want to make my background. I want to make my background. …

  3. 15:15

    Wait, can you come over here? Wait, wait, wait, wait.

  4. 21:09
    Chapter 4: Thank you. 31s · Speaker 6

    Thank you.

  5. 22:14

    Jenny, do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you hear me? Do you he…

  6. 28:14

    Want to admit, Simon? hello hello

  7. 33:17

    hello hello simon okay okay Strictly speaking, we are 6 .31 already, right?

  8. 35:07

    Yeah. So we wait for a few more minutes. So now only Simon and myself, right? Simon, you're also dialing in from the office or home. Oh, no. Dialing from home. Okay. So at least he managed to get back early. Yes, yes. Hopefully you've had a…

  9. 36:53

    I think that is enough. Only three right? Yeah. Wait for one more. Yeah. We wait for a few more minutes. I thought Amba needs to go off early so he would want to start his agenda item first, right? Yes, correct. Change the line. So if we're…

  10. 40:23
    Chapter 10: Okay, 80s · Speaker 4

    Okay,

  11. 41:44

    given that it's 6 .38 now, I suggest we go ahead and kickstart Simon, Sunil, if you're okay. Yeah, so I believe, Gary, we have quorum, right? I think it's three for the meeting to comment, if I'm not wrong. And I'm quite sure the rest will …

  12. 43:24

    Okay. yes chairman okay let's see how you're in welcome yeah sorry no no problem yeah we we started ready okay good so let's move on to item number two matters arising uh who is going to take us through the items okay uh can you hear me yea…

  13. 48:31

    So I recommend that we can open a location called maybe defect or damage location so we can move those items that damage to the location. So the damage items are disposed or returned back to the supplier. So the item is supposed to return b…

  14. 50:01

    I suspect you are sitting in the same office and we are probably quite close to each other. That's why we hear the echo. See what's happening. I suspect you are sitting in the same office and we are probably quite close to each other. That'…

  15. 52:04

    Okay, so for the control area, like what I say, I feel that we can open a location because sometimes when the stock, right, one year, we only come two times. But when we sell half, we will QC the item that we will check. But sometimes becau…

  16. 53:50

    Yeah. Because only two staff is a bit hard to count those like One size thousand plus thousand five is a bit hard for us to count also. And our storeroom also don't have so much space to put so many things also. Any more slides? Any more sl…

  17. 55:39

    No more echo. I think it's better. Sorry, man. Y 'all didn't have enough of me. Might hear me twice. Okay. So I think for item one and two, I leave it to the management to propose to look at the details. Any comments from the committee on i…

  18. 57:01

    Okay, any more comments? Okay, thank you. Any other things to follow up? That's it for the Scott Shop? Okay. Okay, thank you. Bye -bye. Thank you. thank you thank you okay thanks pauline okay gary you want to move to the aml yeah ken ken uh…

  19. 59:27

    Okay. Our current FAP allows for overseas funds that do not need any scrutiny up to $50 ,000. Okay, that's the current FAP. We are recommending with this document, recommending for it to be lowered to 10 ,000 Singapore dollars for any overs…

  20. 1:02:09
    Chapter 20: Yes, correct. 164s · Speaker 4

    Yes, correct. And that's because we also don't have a lot that is more than 10 ,000. Yes, correct. Can you just clarify for me? The AML, if it's a local donor from a local bank, is it still subject to AML checks? Because my understanding is…

  21. 1:04:54

    Sorry Gary, I got locked out again. Is there anything important? Yeah, okay. Chairman was asking about the due diligence part. What do we need to do for amounts above 10 ,000 from a local bank? His thoughts were that actually it was, since …

  22. 1:06:54

    Right. So based on the current AML that's recommended, there is, again, like what Chairman said, there is no requirement to do any sort of due diligence checks with the local bank here at this point. But I think what we're putting here for …

  23. 1:07:58
    Chapter 23: Yeah, okay. 304s · Speaker 1

    Yeah, okay. At this point in time, it doesn't. Unless our Singapore dollar becomes so small, then all the donations will be higher than that. But at this point in time, it is a comfortable level that we do. We are estimating maybe, I don't …

  24. 1:13:02

    They're consiling the pre -audit numbers to the final numbers that is stated in the draft financial statement. So pre -audit, we have a net deficit of $101709 total funds net deficit. And there are a couple of proposed audit adjustments whi…

  25. 1:15:02

    Can I move on? Back to the financial report. If there are any questions from the committee. Jenny, the grants that we received in the previous year but not utilized, there's no obligation to refund this money? Nobody has come back to us on …

  26. 1:16:06

    This is final clearance sale. Final clearance sale. We also wish we have a lot more. We tried to get a lot more already. So this one already factored in the leg adjustments already, right? Yes, already included. So it shows a slight profit.…

  27. 1:17:17

    Chairman, I just want to make an observation on the cash position, right? I noted that we have about 7 .6 million total cash. Of that, I think about 5 .3 million is held in FT. And then another 2 .3 million is held in the bank balance. And …

  28. 1:19:22

    Okay, so do that for the next renewal. Let's try to get a bit more. Okay. Any other comments from the rest? If not, then this will be the set of accounts that we will sign off in time for the AGN. Okay, no further comments. Thank you. Let's…

  29. 1:24:25

    Yeah. And the next item is the employee benefit status. There's an increase of 109 ,000 because of some promotions. Then the next item is this other resources have ended. There is a drop of 50 ,000. compared with 224 primarily coming from t…

  30. 1:27:21

    Yeah, correct. So actually, because of the booking of Rockwall that we wanted to do by drop -in people climbing the wall, that we will sell tickets. But that proved to be negative because people are not keen in climbing the outdoor wall. So…

  31. 1:32:28

    come in to certify, then maybe it really makes no sense to do it. So that's one. Two is just... Just be very careful because all these high elements, if there's any danger or whatever, this one is really silly, so must be careful. Don't tri…

  32. 1:33:36

    So Kenneth, the work wall is operating by itself. We are referring to 2026. Yeah, if you can do 2026, do 2026. Okay. Okay. So I move on to the next one, which is FIDC. Yeah, okay. SLDC, I think compared overall to 2024 and 2025, in terms of…

  33. 1:38:43

    Okay, until we can gain back market share, I think that is the strategy that we want to go. Unfortunately, it will hit us for 2026. Okay, I think we are already prepared for it. I've spoken to President and SLDC Chairman, and we are looking…

  34. 1:40:00

    Certain schools, they say that after two, three years, the admin manager said, oh, you need to change vendor. Okay, so we are hit by various matters that the government is implementing in terms of varying to, that you cannot be consistently…

  35. 1:41:04

    Okay, all the best for 2026. At this margin, there is very little room for error already. Last year, at least, we can still see got $200 ,000, still can have some hit, some miss. At this kind of numbers... If we miss anything, this year wil…

  36. 1:45:33

    on the amount from Wei Ming, we still owe him money, right? Worst come to worst, that can be offset against what we owe him, is it? Correct, right? Correct. Okay. Yeah, this one looks pretty good. Only just to make sure that there's no disp…

  37. 1:50:37

    repeated, I said, please go and get three quotations, go and get three quotations. Okay, but when it was three verbal quotations, first they said that he cannot remember, then later on we found out that actually he didn't call for the three…

  38. 1:52:06

    Any comments or questions for the members? Chairman, if I may, I do agree that there's a significant role for this tracking to be done, so that at least there's a paper trail. because the volunteers do go through quite a number of quotation…

  39. 1:54:39

    Thanks. Okay, Chairman, shall we take it that it's not a change in the policy, but just a bit of more, I think... scrutiny made to the quotations being called? Tighter control. Yeah. Okay. Tighter control. Any other comments from the member…

  40. 1:56:05

    Sorry, if I may just add one more point. Maybe something for us to notice. where this information on what they're supposed to note down on this table is going to be and how accessible the details of what they should be including in the emai…

  41. 1:57:41

    Yeah. Okay, Ken. Okay, let's move on. Last other agenda. Jenny, you want me to take through this or? Okay, I think I just give some preamble to this situation, right? Okay, because of the current Scout van, the current Scout van is about, I…

  42. 2:02:42

    It's myself, Mr. Faisal, that's what Sunil raised up just now, and Mr. Fikri, who does it, who manages a scout campsite. Okay, so what we are proposing is that since we are also overhauling our process and our governance for the use of scou…

  43. 2:05:00

    I think it's only a very unfortunate incident where we feel that it's not the driver's fault, but the police, I think traffic police, access otherwise. Okay, this is the only possible solution that the organization will pay for the full acc…

  44. 2:06:16

    Okay. They are agreed to that, taking that responsibility to be responsible for all, and they are responsible for all traffic offenses, demanding points, and so on. Okay? And the last part is that if in event that they do... It is their mis…

  45. 2:07:17

    Hi, this is Kai Yi. I just have a question about the mileage claim and the transport. Because of the high increase in price, petrol price, will this 60 cents be reflected accordingly based on the increase in the price of petrol or even the …

  46. 2:08:24

    Okay, any more questions? If no more questions, then we take it as a proof. This one needs to be, needs to go out to council also, right? Okay, looks like everybody is okay. Have we come to the end of the agenda items? Okay, let's quickly g…

  47. 2:09:55

    Thank you, Chairman and everybody. Thank you, everyone. Bye -bye.