This page explains what we mean when we say "100% of net proceeds go to programs." It defines net proceeds, lists the direct costs deducted from gross fundraising before allocation, names who underwrites operating costs, and shows how funds raised so far have been allocated.
Unaudited management figure. To be reconciled in the first Annual Information Statement to the ACNC by 31 December 2026. Until then, all dollar figures on this page are management estimates and may move when reconciled against the audited Annual Information Statement.
01 Definition
What we mean by net proceeds.
Net proceeds = gross funds raised through a campaign or donation, minus the direct campaign costs required to receive, process, transport, or acquit those funds (for example: payment processing, postage, platform fees, event venue, overseas transfer fees, and acquittal documentation).
100% of those net proceeds are then allocated to a Hearts of Hope program. Operating costs (hosting, insurance, audit) are not deducted from donor funds they are underwritten separately, as set out in section 04 below.
02 Revenue by stream
Where the money comes from.
The Foundation receives funds through six potential revenue streams. Streams marked Proposed or Not yet pursued have a nil pre-audit figure and require a board decision before activation.
StreamBasisStatusPre-audit figure
Donations (one-off)Cash gifts via card / bankActive$17,324 pre-audit · combined with TCG sales
Recurring donations (monthly)Card on file, monthly drawActiveTracked separately · figure pending first AIS
TCG / collectible salesSealed product, singles, fundraising lotsActiveCounted in the headline raised figure
GrantsGovernment and philanthropic grantsNot yet pursuedNil
Events & rafflesTicketed events, charity auctions, rafflesProposed · subject to state authorityNil pre-audit
Revenue is recognised on receipt (cash basis) for pre-audit reporting and will be reconciled to the audited revenue recognition policy in the first Annual Information Statement.
03 Direct campaign costs
Deducted from gross before allocation.
These are the costs charged by third parties to actually move money or goods. We deduct the actual cost charged no margin or markup is added.
Cost itemBasisWho paysEstimate
Payment processing (card / Stripe / PayPal)Per transaction fee charged by the providerDeducted from gross donation before allocation~1.75% + $0.30 per transaction
Postage & dispatch (TCG donations, kits)Actual cost per parcelDeducted from gross campaign proceedsVariable · per campaign
Auction / fundraising platform feesPlatform-listed fee scheduleDeducted from gross campaign proceedsVariable · per platform
Event venue & on-night costs (collector nights)Actual invoiced costDeducted from gross event proceedsVariable · per event
Overseas transfer fees & FX spread (where applicable)Bank / remittance provider chargeDeducted before partner disbursementVariable · per transfer
Acquittal & partner reporting (overseas programs)Direct cost of compliance documentationDeducted from gross campaign proceedsVariable · per program
04 Operating costs & who pays them
Not taken from donor funds.
The Foundation's operating overheads are kept off the donor stream so that net proceeds reach programs in full. Director time is pro bono no Responsible Person is remunerated by the charity.
Cost itemBasisWho paysEstimate
Website hosting, domain, and emailAnnual / monthly subscriptionOperating reserve · founding-donor underwrittenPre-audit estimate · to be reconciled in first AIS
Insurance (public liability, association)Annual policy premiumOperating reserve · founding-donor underwrittenPre-audit estimate · to be reconciled in first AIS
Independent review / auditEngagement fee, where applicableOperating reserve · founding-donor underwrittenPre-audit estimate · to be reconciled in first AIS
Director / Responsible Person timePro bono no Director is remunerated by the charityPro bonoNil
Underwriting
Fixed admin overhead hosting, insurance, audit fees is underwritten by the founding donor and is not drawn from donations or program revenue. Director and Responsible Person time is pro bono. This separation is what allows the Foundation to claim that 100% of net proceeds reach programs: donor funds pass through direct campaign costs only and are then allocated, while operating overhead sits outside the donor stream entirely. Any change to this arrangement will be disclosed on this page and in the Annual Information Statement.
05 Allocation to date (Unaudited pre first AIS)
$17,324 raised. Here is where it sits.
InitiativeStatusAllocated
Play for Hope AustraliaActive$8,662
Hope Kits AfghanistanActive$8,662
Total allocated$17,324
Funds raised against initiatives marked Proposed are held in restricted reserve and are not deployed until partner agreements, safeguarding review, sanctions screening, and delivery feasibility are confirmed.
06 Governance & reconciliation
This methodology is approved by the Board of Hearts of Hope Foundation and reviewed annually.
ACNC registered and DGR endorsed effective 11 April 2025. Financial year ends 30 June. Reporting is up to date with the ACNC.
The first Annual Information Statement (AIS) and audited financials will be lodged with the ACNC by 31 December 2026. All pre-audit figures on this page will be reconciled at that point and any material variance will be disclosed.
No Responsible Person is paid by the charity. Related-party transactions, if any, are disclosed in the AIS in line with ACNC requirements.
For overseas activities, ACNC External Conduct Standards and DFAT Consolidated List and UN sanctions screening are applied before any transfer.
Hearts of Hope Foundation is a registered trading name of Islamic Aid Worldwide Project Ltd. ABN 68 686 194 034 · ACNC Registered Public Benevolent Institution · DGR Endorsed (Item 1, s30-15 ITAA 1997). Donations of $2 or more are tax-deductible.