Page 33 - Demo

Governance ReportS/N Code Guideline Code ID Response(select whichever is applicable)Explanation(if Code guideline is not complied with)25 The charity has a documented Investment policy approved by the Board.6.4.3 Complied The Association also has a documented Investment Policy that guides the use of its reserves. The Association adopts a conservative low-risk investment strategy by placing its cash reserves in low- risk fixed deposits only.Fundraising Practices26 Did the charity receive cash donations (solicited or unsolicited) during the financial year?Yes The Association discloses the donations received in the annual report and regularly on its website.27 All collections received (solicited or unsolicited) are properly accounted for and promptly deposited by the charity.7.2.2 Complied All donations received are promptly accounted for and deposited into the bank. Donation receipts are issued once cheques are cleared and deposited into the bank account. Donations and list of donors are disclosed to the dollar and is appendedin the Annual Report. List of donors is disclosed and updated on the Association %u2018s website.28 Did the charity receive donations in kind during the financial year?NoDisclosure and Transparency29 The charity discloses in its annual reportthe number of Board meetings in the financial year; andthe attendance of every governing board member at those meetings.8.2 Complied The Association discloses the number of MC meetings, the dates as well as the attendance of the MC members in the Annual Report.33 25TH ANNUAL REPORT | 2023 - 2024