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Read-Cycling Company Limited

Founded in 2009, Read-Cycling is one of a very few charities in Hong Kong dedicated to books and book lovers.

We have been working hand-in-hand with like-minded organisations, schools, corporations and individuals in the past 11 years to bring a second life to used books.

We are also committed to organising cultural activities in various formats with an aim to make reading an essential part of everyday life.

Since 2009, Read-Cycling has received over198,000 quality used books from book donors all over Hong Kong, helping more than 153,000 of them find new homes and thus, saved more than 1,530 trees.

Mission:
1. Foster a green reading culture

I. We collect used books from various communities through book donation boxes and counters
II. Volunteers help sort the books by genres
III. Through different channels, we give the books a second life.

2. Promote the joy of reading

We reach out to different communities and curate interesting cultural projects with an aim to nurture more book lovers. In the past years, we have made happen 60 cultural programs and author’s sharing sessions. Add to this 60 activities with primary and secondary schools.

Please refer to to link to see latest financial statement

Official Government Information

Chinese Name
(書送快樂有限公司)
Effective date
August 26, 2007
Org. Structure
Company limited by guarantee under the Companies Ordinance

Contact Information

Address
15/F, MW Tower, 111 Bonham Strand, Sheung Wan, Hong Kong

Additional Information

Target Beneficiaries
Children (persons under the age of 14), Nature and Environment, Youth (age between 15-24)
Sustainable Development Goals
SDG12: Responsible Consumption and Production;SDG4: Quality Education

Financial & Legal Information

Working Capital Ratio
1.61
Donation Received
$12,998
Subvention Funding from SWD
$0
Total Income
$13,154
Total Expenditure
$176,845
Surplus/Deficit
-$163,691
Latest Audit: Financial Year End Date
December 31, 2020
Balance Carried Forward to Next Year
$287,341
Total Assets
$622,935
Total Liabilities
$335,594
Director Remuneration
$0
Liabilities to Assets Ratio
53.87%

Transparency

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

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Last Updated By

Jon Pedersen

Member since 3 years ago
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