GREEN WINGS PROJECT
Objects
TO PROMOTE FOR THE BENEFIT OF THE PUBLIC THE CONSERVATION, PROTECTION AND IMPROVEMENT OF THE PHYSICAL AND NATURAL ENVIRONMENT THROUGH PROMOTING, IDENTIFYING AND ADVANCING SOLUTIONS FOR RECYCLING, REUSE AND HARMLESS DISPOSAL OF DISPOSABLE/SINGLE-USE ELECTRONIC PRODUCTS.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £43,631 for the year, bringing total income to £363,310. However, the charity holds negative free reserves of £187,002, a position primarily attributed to a non-repayable trustee loan of £254,749. The trustees consider the charity a going concern based on expected future income streams and donor commitment, despite noting that reserves do not provide a large cushion against deterioration.
What the accounts disclose
“The main source of income was unrestricted donations and gifts totaling £363,310.”
“The trustees aim to maintain a minimum level of unrestricted funds (free reserves) to cover operational needs.” — page 22
“A loan from members stands at £254,749.” — page 22
“There were no transactions with related parties in the year, except donations and offering from trustees.” — page 39
“A loan from members stands at £254,749.” — page 22
“There were no transactions with related parties in the year, except donations and offering from trustees.” — page 39
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Jingchen Liuchair
- Bo Wei Mr.
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £363k | £320k |
Common questions
Is GREEN WINGS PROJECT financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £43,631 for the year, bringing total income to £363,310. However, the charity holds negative free reserves of £187,002, a position primarily attributed to a non-repayable trustee loan of £254,749. The trustees consider the charity a going concern based on expected future income streams and donor commitment, despite noting that reserves do not provide a large cushion against deterioration. Its FY2024 accounts were independently examined.