Objectives: To promote, assist, develop or sponsor programme for the development of skills and the retraining of union members.

Trustees: Mr Oscar Oliveiro, Mr Lim boon Heng, Mr Othman Haron Eusofe

Auditor: Deloitte & Touche (From Financial Year Ended 31 December 2007)

2. Financial Information*

Expenses	2002	2003	2004	2005	2006	2007	Growth % 2007 vs 2006
	(S$'000)
Direct Charitable Expenses - Local - Overseas	1252 0	1298 0	1599 0	979	595  0	458  0	<23%> 0
Operating / Administration Expenses	8	12	10	32	62	14	77%
Fundraising	0	0	0	0	0	0	0
Publicity	0	0	0	0	0	0	0
Capital Expenses	0	0	0	0	0	0	0
Others	343	257	285	164	221	409	85%
Total Expenditure	1603	1567	1894	1174	878	881	0.3%
Excess (Deficit)	17288	905	4577	4592	3844	3649	<5.0%>

Balance Sheet	2002	2003	2004	2005	2006	2007	Growth % 2007 vs 2006
	(S$'000)
ASSETS
Land and Building	0	0	0	0	0	0	0
Tangible Assets	0	0	0	0	0	0	0
Investments	52583	51448	52809	52367	68219	71258	4.5%
Inventories	0	0	0	0	0	0	0
Accounts Receivable	0	0	0	0	0	0	0
Cash & Deposits	7368	9661	12470	21052	10915	13317	22%
Others	802	417	695	586	379	381	0.5%
Total Assets	60753	61526	65974	74005	79513	84956	6.9%
FUNDS <To breakdown by each fund as suggested below>
General Fund	60448	61352	65928	70520	74365	78014	4.9%
Building Fund	NA	NA	NA	NA	0	0	0
Endowment Fund	NA	NA	NA	NA	0	0	0
Fair Value Reserve	NA	NA	NA	3233	4882	6571	34.6%
Total Funds	60448	61352	65928	73753	79247	84585	6.7%
LIABILITIES
Long-Term Liabilities	0	0	0	0	0	0	0
Current Liabilities	305	174	46	252	266	371	39.5%
Total Liabilities	305	174	46	252	266	371	39.5%
Total Liabilities and Funds	60753	61526	65974	74005	79513	84956	6.9%

Other information	2002	2003	2004	2005	2006	2007
	(S$'000)
Donations/ Grants and Sponsorship given to other Charities (S$’000)	0	0	0	0	0	0
No. of Employees	0	0	0	0	0	0
Total Employee Costs (S$’000)	0	0	0	0	0	0

*The financial information posted online is extracted from audited accounts.