Funding Schemes
N-ETF Financial Information

1. Non-Financial Information
Charity Reg No:
1354
Charity Reg Date: 12/02/1999
IPC Effective Date: 28/10/200727/10/2009

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*

Incoming Receipts

2002

2003

2004

2005

2006
2007

 Growth %
2007 vs 2006

(S$'000)
Donations
- Tax Deductible
- Non-Tax Deductible

2634 

16

12

6

5

<8.3%>

Grants

15000

79

1453

43

51

0.4

<99.2%>

Membership fees

0

0

0

0

0

0

0

Investment income

1257

2248

2390

2694

2723

4525

66.2%

Investment Gains

 0

138

2612

3017

1942

0

0

Others

0

0

0

0

0

0

0

Total Receipts

18891

2472

6471

5766

4722

4530.4

<4.06%>

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.

| Surrogate Employer Programme (SEP) | Skills Redevelopment Programme (SRP) | NTUC Education and Training Fund (NETF) | Union Leaders Training Award ULTA) |


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