Our Expenses

At the Gaza Fund, we have a strict 100% Donation Policy.

To ensure this goal, we at the Gaza Fund are tracking all our expenses*, which will be paid for, by us, from our own pocket, rather than the donations received.

Fair Disclosure: We are 100% funded by the founder, a UK Citizen (and HK resident), and do not have access to any external philanthropic donors, governments or groups.

EXPENSES*US$DATE
WordPress Site (50% off – HK$368)47.418/3/2021
Engineer (to oversee procurement) – 2 filters4004/2021
Photos/Videos3004/2021
Transportation 1004/2021
Two x Volunteers (2 days)2004/2021
Others (Banner, Car rental, Boxes, Plastic bags, Stickers)2004/2021
Cash Transfer Fees40029/3/2021
Engineer (to oversee procurement) – 3rd filter2006/5/2021
Photos/Videos (Project #1)1505/2021
Transport, Banner, etc., 1005/2021
HK$265 X 5 Bank Fees (12+19/2; 8/3; 24+25/5)170
Cash Transfer Fees3506/5/2021
Cash Transfer Fees @6% (Project #2)144826/5/2021
Photos/Videos (Project #2)35031/5/2021
Uniforms x 4801/6/2021
Slaughter Expenses (Project #3)65421/7/2021
Cash Transfer Fees (6.1%) – HK$7,09291410/6/2021
FX Loss while making a transfer (HK$2816)36310/6/2021
Cash Transfer Fees (US$82)825/8/2021
Engineer/Photos (Water Filter # 4)35023/9/2021
Large Cooker & Oven for Soup Kitchen27014/2/2022
The Gaza Fund (Domain & Website)11616/2/2022
# 5 Ramadan 2022 (3% Transfer Fees US$16,550)49629/3/2022
#5 Ramadan 2022 Volunteers, Photography, Video, etc.,55022/4/2022
# 5 Ramadan 2022 (1% Transfer Fees US$9,450)14228/4/2022
#3 Qurban 2002 (slaughtering, volunteers & transport) 30210/7/2022
#5 Ramadan +Qurban Expenses (Volunteer Pay)30026/9/2022
US$9,034
Expenses: 100% paid for – by The Gaza Fund

DONATION FOR OUR EXPENSESAMOUNT
Axxf – 11 May 2021 – (HK$700)90
Axxf – 27 June 2021 (HK$400)52
Net Expenses (Deficit)-US$8,892 or -HK$69,002
Voluntary donations received for our Expenses Fund



FINAL (PETTY CASH) IN HANDAMOUNT(US$)DATE
Surplus Cash in Hand (Approx.)$353April 2021
Extra Cash for Future Expenses$5616/5/2021
Expenses-$48431/5/2021
Expenses-$23710/6/2021
Expenses-$12820/7/2021
Extra Cash for Future Expenses$10013/2/2022
Expenses-$30014/2/2022
Cash Total in Gaza (Post-Ramadan): $14320/5/2022
Current Transfer/Balance in Gaza:$9,06326/9/2022
Cash Surplus Balance in hand (Belonging to The Gaza Fund)


However, every cent of -US$8,892 is paid for by us, out of our own pocket – while 100% of what is donated by our donors goes to the people of Gaza.


HELP US COVER OUR COSTS

The Gaza Fund has a 100% Donation Policy, with no ifs and buts.

Having said that, delivering aid cost money, ranging from finance, IT to monitoring aid is being properly distributed as well as token payments to volunteers.

Still, our goal is to minimise our expenses to 5%, but not at the expense of turning a blind eye to inefficient distribution or slippage.

To support us therefore, kindly consider adding up to 5% to every donation you make (optional).

Else, we will continue to fund The Gaza Fund out of our own pockets, for as long as we possibly can, iA.

If you wish to donate towards the expenses fund, please click here (quicker response time) or email wutokbong@gmail.com (in Hong Kong).

TRANSPARENCY

BOARD & EMPLOYEES
Number of independent voting members of the governing body4
Total number of paid independent voting members of the governing body0
Total number of paid individuals0
Total number of paid volunteers10
OPERATIONS OVERSEASYESNO
Did you incur any expenses from fundraising and program service activities outside Hong Kong?
Donations and/or other assistance to NGO organizations in Gaza (if any)?
Donations and/or other assistance to individuals in Gaza (if any)?
Donations and/or other assistance to foreign governments, outside Hong Kong (if any)?
Did you have a bank account in a foreign country? If “Yes,” enter the name of the foreign country?
GOVERNANCE, MANAGEMENT & DISCLOSUREYESNO
Did you provide compensation to current or former officer, director, trustee, key employee, founder, or any family member?
Did you provide any form of financial assistance to any current or former officer, director, trustee, key employee, founder, or any family member?
Did you conduct any form of business with any current or former officer, director, trustee, key employee, founder, substantial contributor, or family member?
Did the process for determining compensation include a review and involve approval by independent persons, comparability data, and proper deliberation?
Were officers, directors, or trustees, and key employees required to disclose annually, interests that could give rise to conflicts?
Did you regularly and consistently monitor and enforce compliance with the policy?
Is there any officer, director, trustee, or key employee, who cannot be reached at The Gaza Fund mailing address (stated below)?
Did you delegate management control to a third-party management company, NGO or other person?
Did you make any significant changes to the charity’s governing documents (Articles of Association & By-Laws) since it was formally established?
Did you have members, stockholders, or other persons who have the power to elect one or more members of the governing body?
Do you have a written Conflict of Interest policy?
Do you have a written Related-Party Transactions policy?
Do you have a written Whistleblower policy?
Do you have a written Document Retention and Destruction (for e.g., GDPR) policy?
Do you have a written Anti-Bribery, Money Laundering & Terrorist Financing Policies?
Do you have a written Use of Images Policy?
Did you regularly and consistently monitor and enforce compliance with these policies?
Have you made the governing documents, policies, and financial statements available to the public?
State the address and number of the person who possesses The Gaza Fund’s books and records?
(TST PO Box 90958, TST, Kowloon, HK; +852 6123 6576)
FINANCIAL STATEMENTS & REPORTING YESNO
Did The Gaza Fund obtain separate, independent audited financial statements for the tax year?
Were The Gaza Fund’s financial statements compiled by an independent accountant?
Were The Gaza Fund’s financial statements audited by an independent auditor? If no, why?
(Our application at the HK Society’s Office is still being processed – Since July 2021)
Does The Gaza Fund have a committee that assumes responsibility for oversight and selection of an independent accountant and auditor?
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