About this organisation
Summary of activities
SYA Limited pursued it’s purpose and objectives through (1)organising seminars, camps and community activities to facilitate greater engagement of youths, young adults and parents from around Australia in programs and projects around Sikh Identity (2)undertaking leadership and personal development programs in Sydney and Melbourne (3) participating in multicultural programs to promote the learning and appreciation of Sikh language, history and music (4) conducting national camp and workshops which contribute to Universal peace using poetry, music, song, food and literature. With the pandemic issues, SYA’s normal planned programs had to be cancelled or deferred due to Public Health Orders and lockdowns. SYA organised 2 online webinars on Immigration and Visa regulations for the unemployed and young entrepreneurs in helping the community develop and understand the government regulations. The webinar registrations were 200 for each session and were full within 1 week of marketing. SYA moderated the webinars and the presenters were experienced professionals. The webinars promoted awareness and pathways for entrepreneurs and migrants in moving forward. Feedback via social media platform was overwhelming positive with over 400 likes. The SYA was involved in the Hawkesbury floods relief with it’s volunteers and prepared a program to assist the flood victims. The principles with the program was (1) direct aid to the communities affected (2) meaningful assistance (3) making a difference to recipients ( 4) Non-compete with other services provided (5) increase awareness of Sikhs. The project included sourcing, donating and delivering much needed food and equipment to the flood victims. SYA also donated Woolworths gift vouchers to assist the victims through the Riverstone Neighbourhood Centre management. A used car was donated via RNC to assist a flood victim family. Flood relief beneficiaries were senior citizens, families, single mothers, unemployed and children. It provided the opportunity for SYA to contribute to assist all disaster victims and promoting the Sikh values of service to all.
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Outcomes
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Programs and activities
Name: Immigration Visas Understand your options
URL: www.sikhyouthaustralia.com
Classification: Community development (Community development )
Beneficiaries:- Adults - aged 25 to under 65
- Adults - aged 65 and over
- Females
- Males
- Migrants, refugees or asylum seekers
- Unemployed persons
Name: SYA Hawkesbury Flood Relief Project
URL: www.sikhyouthaustralia.com
Classification: Community development (Community development )
Beneficiaries:- Adults - aged 25 to under 65
- Adults - aged 65 and over
- Children - aged 6 to under 15
- Early childhood - aged under 6
- Families
- Females
- Males
- Victims of disasters
- Youth - 15 to under 25
Finances
What is this?
This graph shows how much revenue (money in) and expenses (money out) the charity has had each year over the last few years. Charities have many sources of revenue, such as donations, government grants, and services they sell to the public. Similarly, expenses are everything that allows the charity to run, from paying staff to rent.
What should I be looking for?
First off, this graph gives a general indication of how big the charity is - charities range in size from tiny (budgets of less than $100,000) to enormous (budgets more than $100 million). You're also looking for variability - if the charity's revenue and expenses are jumping up and down from year to year, make sure there's a good reason for it.
Unlike companies, charities and not-for-profits aren't on a mission to make money. However, if they spend more than they receive, eventually they will go into too much debt and run into trouble. As a very general rule, you want revenue to be slightly above expenses. If expenses is reliably above revenue, the charity is losing money. If revenue is much larger than expenses, it means the charity might not be using its resources effectively. It isn't always that simple, however, and there's a lot of reasons a charity might not follow this pattern. They might be saving up for a big purchase or campaign, or they might have made a big one-off payment. If you're worried, always look at the annual and financial reports to understand why the charity is making the decisions it is.
What is this?
If a charity receives more money than it spends, that's a surplus (in business, it would be called profit). If it spends more than it receives, that's a deficit. This chart shows surpluses and deficits for the charity over the last few years.
What should I be looking for?
Unlike companies, charities and not-for-profits aren't on a mission to make money. However, if they spend more than they receive, eventually they will go into too much debt and run into trouble. As a very general rule, you want a charity to make a small surplus on average. A deficit means that charity lost money that year, which may indicate poor financial management or just a series of bad circumstances. If the charity always has a huge surplus, it means the charity might not be using its resources effectively. It isn't always that simple, however, and there's a lot of reasons a charity might not follow this pattern. They might be saving up for a big purchase or campaign, or they might have made a big one-off payment. If you're worried, always look at the annual and financial reports to understand why the charity is making the decisions it is.
What is this?
This chart compares the amount the charity receives from various sources, including donations (i.e. money given by the general public or philanthropy), goods and services, government grants, and other sources.
What should I be looking for?
Donations are an important source of revenue for some charities. Others rely more heavily on government funding, or on revenue from other sources. This is an indication of how much they need donors to accomplish their mission. Note that there is no 'good' or 'bad' amount of donations for a charity to have. It might be interesting to look at values over time - are they going up or down? A charity that gets less donations every year may be in trouble.
What is this?
Assets are things that the charity owns that are worth something. This could be anything from a car to investments. Similarly, liabilities are debts or obligations that the charity owes to someone else, like a loan or an agreement to pay for something.
What should I be looking for?
Firstly, in general a charity should have more assets than liabilities. If it doesn't, it implies that the charity might not be able to pay its debts, and you should look very closely at the charity's annual and financial reports to make sure they are taking steps to remedy this. Current assets should generally be above current liabilities - that means the charity can easily pay off the debts that are coming due soon. Beyond that, look for a large stockpile of assets. While a charity should have enough assets to keep it afloat in hard times (a 'buffer') if that stockpile gets too large the charity could be using that money more effectively. As always, if you have concerns check the annual and financial reports.
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