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Association of Retired Elderly Limited

Association of Retired Elderly Limited (ARE) was incorporated in March 2014. It is a non-profit making organization and charity exempt from tax pursuant to section 88 of the Inland Revenue Ordinance of Hong Kong. It is also a licensed employment agency.

The purpose of establishing this Association is to
promote “active ageing”. We mainly serve retired
persons aged 50 or above to help them adapting to
retired life, and to apply innovative and sustainable
ways to enable them living an active ageing life.

Official Government Information

Chinese Name
退休長者協會有限公司
Effective date
January 25, 2015
Org. Structure
Company limited by guarantee under the Companies Ordinance

Contact Information

Phone
Address
Unit E, 22/F, Tak Lee Commercial Building,113-117 Wan Chai Road, Wan Chai, Hong Kong

Additional Information

Target Beneficiaries
Elderly
Sustainable Development Goals
SDG3: Good Health and Well-being

Financial & Legal Information

Working Capital Ratio
-3.33
Donation Received
$500,000
Subvention Funding from SWD
$0
Total Income
$533,800
Total Expenditure
$429,133
Surplus/Deficit
$104,667
Latest Audit: Financial Year End Date
March 31, 2021
Balance Carried Forward to Next Year
-$1,428,987
Total Assets
$319,883
Total Liabilities
$1,748,870
Director Remuneration
$0
Liabilities to Assets Ratio
546.72%

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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