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

2. Financial Information*

Expenses	2003	2004	2005	2006	2007	2008	Growth % 2008 vs 2007
	(S$'000)
Direct Charitable Expenses - Local - Overseas	1298 0	1599 0	979	595  0	458  0	686  0	49.56 0
Operating / Administration Expenses	12	10	32	62	14	71	40.7%
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	257	285	164	221	409	268	<34.47%>
Total Expenditure	1567	1894	1174	878	881	1025	16.35%
Excess (Deficit)	905	4577	4592	3844	3649	2808	<23.05%>

Balance Sheet	2003	2004	2005	2006	2007	2008	Growth % 2008 vs 2007
	(S$'000)
ASSETS
Land and Building	0	0	0	0	0	0	0
Tangible Assets	0	0	0	0	0	0	0
Investments	51448	52809	52367	68219	71258	61269	14.02%
Inventories	0	0	0	0	0	0	0
Accounts Receivable	0	0	0	0	0	0	0
Cash & Deposits	9661	12470	21052	10915	13317	15265	14.63%
Others	417	695	586	379	381	314	<17.59%>
Total Assets	61526	65974	74005	79513	84956	76848	<9.54%>
FUNDS <To breakdown by each fund as suggested below>
General Fund	61352	65928	70520	74365	78014	80823	3.6%
Building Fund	NA	NA	NA	0	0	0	0
Endowment Fund	NA	NA	NA	0	0	0	0
Fair Value Reserve	NA	NA	3233	4882	6571	<4584>	169.76%
Total Funds	61352	65928	73753	79247	84585	76239	9.87%
LIABILITIES
Long-Term Liabilities	0	0	0	0	0	0	0
Current Liabilities	174	46	252	266	371	3	64.42%
Total Liabilities	174	46	252	266	371	3	64.42%
Total Liabilities and Funds	61526	65974	74005	79513	84956	8	<9.54%>

Other information	2003	2004	2005	2006	2007	2008
	(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.