Islamic Aid Worldwide Project Ltd (trading as Hearts of Hope Foundation) was incorporated and registered with the ACNC effective 11 April 2025. Our first full reporting cycle ends on 30 June 2026, and our first Annual Information Statement and audited financials are due to be lodged with the ACNC by 31 December 2026. All figures on this page and across the site are in Australian dollars (AUD). This page sets out our reporting framework now, so donors and partners can understand what to expect.
The Foundation's governing document is the constitution of Islamic Aid Worldwide Project Ltd, a public company limited by guarantee. The constitution sets out the company's objects, the rights and obligations of members, the appointment and powers of directors, the conduct of meetings, and the rules under which the company can be wound up.
Among other matters, the constitution requires that:
The full constitution will be published on this page once a final, board-approved redacted version is ready for public release. In the meantime, members and prospective partners can request a copy by emailing admin@heartsofhope.org.au.
Every registered charity must lodge an AIS with the ACNC each year. The AIS includes a description of the charity's activities, beneficiary numbers, financial information, and confirmation that the charity remains entitled to its registration and any sub-type endorsements.
Once lodged, the AIS is published on the Foundation's ACNC public register entry, and a link to the lodged AIS will be added to this page within 7 days of lodgement.
The level of external assurance required of the Foundation each year depends on its annual revenue, under the ACNC tiered framework:
The board's standing policy is to engage an independent registered company auditor as soon as revenue thresholds make that prudent, and in any case no later than the financial year in which revenue first exceeds $500,000. Audited or reviewed financial statements are tabled at the next board meeting following sign-off and are published with the AIS.
The Foundation distinguishes between general (unrestricted) funds, which can be applied to any charitable purpose consistent with the constitution, and restricted funds, which are held for a specific donor-designated initiative. Restricted funds are tracked separately and are not used for general operations.
The board's target operating reserve is sufficient to cover three months of committed program costs, calculated at the end of each quarter. This protects committed program delivery if a fundraising campaign underperforms or a partner's scheduled drawdown is delayed.
Where a restricted-fund initiative is delayed, withdrawn, or closed without spending all of its designated funds, residual amounts are reallocated by the board to the most closely-aligned active initiative, in accordance with Donation Terms § 07. Reallocation decisions are minuted and disclosed in the next set of public financial reports.
What counts as a “direct” campaign cost (deducted from the gross before allocation to a program) versus a “general” administration cost (covered from operating reserves) is decided in advance for each campaign and disclosed on the campaign page. The methodology is published at transparency / where the money goes.
The Foundation does not enter into related-party transactions in the ordinary course of business. Where a related-party transaction occurs, it is approved in advance by the non-conflicted directors and disclosed in the next set of audited or reviewed financial statements. See Governance § 08 for the full process.
This page is updated whenever a new AIS, audited financial statement, or annual report is lodged, and whenever a change is made to the underlying policies it summarises. Material changes are flagged at the top of this page for at least 30 days following the change.
Email admin@heartsofhope.org.au to request the constitution, the most recent AIS, or any other published financial document.