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A Better Tomorrow Limited

A Better Tomorrow was initially set up in 1990 as a community service initiative. It serves as a continuation of the United Nations' A BETTER WORLD vision in 1989 to encourage community-wide participation to help build a better world. The initiative was later incorporated under the Hong Kong Companies Ordinance as a non-profit company limited by guarantee. Since 1990, A Better Tomorrow has donated substantial funding and participated in hundreds of projects ranging from education, environment, public health, youth, religion and social welfare. This includes establishing scholarships in universities, providing subsidies to projects for the underprivileged, and supporting voluntary services such as organising visits to homes for the aged and the young. In recent years, as a result of more active participation in cultural activities, decision was made to set up the dedicated units of Chinese World Cultural Heritage Foundation and World Cultural Relics Protection Foundation to focus on such projects.

Official Government Information

Chinese Name
(更好明天有限公司)
Effective date
March 23, 1993
Org. Structure
Company limited by guarantee under the Companies Ordinance

Contact Information

Phone
Address
7/F, No.1 Ning Foo Street, Chai Wan, Hong Kong

Additional Information

Target Beneficiaries
Elderly, Those Under the Poverty Line, Youth (age between 15-24)
Sustainable Development Goals
SDG11: Sustainable Cities and Communities

Financial & Legal Information

Working Capital Ratio
14.42
Donation Received
$0
Total Income
$0
Total Expenditure
$14,517
Surplus/Deficit
-$14,517
Latest Audit: Financial Year End Date
December 31, 2020
Balance Carried Forward to Next Year
$209,285
Total Assets
$217,285
Total Liabilities
$8,000
Director Remuneration
$0
Liabilities to Assets Ratio
3.68%

Transparency

Audit on website?
No
Annual report on website?
No
Directors disclosed on website?
No

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Last Updated By

Jon Pedersen

Member since 3 years ago
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