Note 1.  Nature of Activities

The Wellbeing Project (“The Project”) is a nonprofit organization, with offices in Paris, France and Madrid, Spain. The Association Amis du Wellbeing Project was founded in Paris, France in October 2017 and The Asociacion Amigos Del Wellbeing Project was founded in Madrid, Spain in June 2021.

The project is a global network of over 400 organizations including grassroots networks, global organizations, foundations, intermediaries, universities, and progressive businesses. Together they are:

• Deepening the knowledge base for wellbeing at the heart of social change.
• Learning and acting together to support changemakers and their organizations.
• Convening Summits to galvanize a wellbeing culture regionally and globally.
• Mainstreaming a wellbeing and social change narrative.

The Project also receives the support of Myriad alliance (formerly the King Baudouin Foundation “KBF”) in the United States of America, Canada and Belgium, providing donors with a simple and efficient platform to support The Project’s nonprofit initiatives worldwide.

Note 2. Summary of Significant Accounting Policies

Basis of Accounting
The Statements here presented, had been prepared on a Cash basis of accounting, for both Revenue (donations) and expenses.

Consolidation Principles
The statements had been consolidated in good faith, by the management, combining the operations recorded under The Association Les Amis du Wellbeing Project (France), The Asociacion Amigos Del Wellbeing Project (Spain) and the donations and grants reports received through Myriad alliance.

The Association Amis du Wellbeing Project and the Asociacion Amigos Del Wellbeing Project structures are audited.

Net Assets
The Project reports information regarding its financial position and activities without any donor restrictions.

Functional Currency
The Project functional currency is Euros. Any Foreign Exchange gain or losses are reported within other income (expenses).

Cash and Cash Equivalents
Cash held in bank accounts (France and Spain) is used to support the operation of The Project. The project also has Credit Lines used to bridge for larger than usual events, such as the Global Summit.

Cash is the only asset reported by The Project since the beginning of its operation.

Donors
The Project’s operation is funded by the generosity of our donors and co-creators. This consolidated statement does not include investment done in the work of the Project by the co-creators and partner institutions who make their own investment for their own costs and shared programmatic costs. This investment matches or exceeds our budget.

Additional information is available upon request through the form on our website.

November 7, 2024