Annual transparency report

Report index

Financial year	Status	Publication
2026 (founding year: September–December)	In progress — the year has not closed	Q2 2027, after the audited accounts

There is no report yet because there is nothing to account for yet: the financial year is open, no money has moved, no allocation has been made, and no disbursement has happened. Each report is a page, not a designed PDF, so that every figure stays checkable; a PDF rendering is offered alongside it for filing.

What every report contains

Every figure in the report is a deep link to the artifact it was computed from — a ledger row, a registry record, a cost line, a receipt — never a number typed into a document.

1. The year in one table. Gross proceeds; each fee-stack deduction as measured; the operating levy against the cap, as a percentage and as an amount; net proceeds routed; the roll-forward balance carried into the next year.
2. The cost lines. Every operating cost by category (hosting and edge services, key custody, email and monitoring, audit and accounting, legal and compliance, insurance, contracted administration), each reconciled to the audited accounts.
3. The routing-tier report. Allocation across the seven category funds, per quarter, and the basis of each allocation (project defaults, contributor designation in shadow or active mode, steward discretion for undesignated shares).
4. Disbursements and receipts. Each quarterly disbursement to the intermediary, its receipt, and the intermediary’s own per-category report.
5. The registry in numbers. Projects registered, quit, delisted, and relisted; waivers granted and revoked; companies covered by lane; the counters’ state transitions.
6. Certificates and keys. Certificates issued by type and variant; revocations by reason class; key rotations and the ceremony records; transparency-log checkpoints.
7. Governance. Board composition by role; the conflicts register; general-assembly resolutions; any amendment to the statutes with its diff; any change to this page’s template.
8. Compliance. VAT registration status and filings; the tax-exemption ruling status; sanctions-screening runs; data-subject requests received and closed, in aggregate.
9. Against the pre-registered metrics. The kill criteria measured, with the two-quarter window shown, whether or not any is close.
10. The auditor’s report, in full.

Why a template is published before a report exists

So that the report cannot be shaped after the fact around what looks good. The sections above are fixed now; a future report that omits one has to say why, in the report.