THE Tipping Point Foundation CIO 1192720
TRUSTEE’S REPORT AND ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2021
The Tipping Point Foundation
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Registration Number:
CIO 1192720
Address
Elgin House Billing Road Northampton NN1 5AU
Trustees
Anis Abou Zaki Said Ghusayni Rabih Modad Nada Mounzer
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The Tipping Point Foundation
REPORT OF THE TRUSTEES FOR PERIOD ENDED 31 DECEMBER 2021
The Charity was registered on 9 December 2020.
The Trustees present their report together with the financial statements (“accounts”) of the Charity for the period ended 31 December 2021.
Structure, Governance and Management
The Trustees in office in the period were as follows:
Anis Abu Zaki Said Ghusayni Rabih Modad Fayez Rasamny (resigned 24.10.2022) Nada Mounzer (appointed 17.10.2021)
The CIO is governed by its Constitution.
Objectives and activities
The object of the Charity is the advancement of education by the support of educational establishments and students amongst the Lebanese Druze community arising by reason of financial disadvantage, whether resident in the Lebanon or elsewhere.
Statement of public benefit
The Charity is a Public Benefit entity as defined by FRS 102.The Board of Trustees have referred to the guidance contained in the Charity Commission’s general guidance on Public Benefit when reviewing the aims and objectives, and in planning the future activities.
Review of Activities
During its first period of activity, the Charity received donations of £34,126, of which £15,125 came from the Trustees.
The Charity made grants of £4,011 and after governance costs of £2,527 and had unrestricted reserves at the end of the period of £27,588.
THE FUTURE
The Charity intends to grow the number of schools and students it supports. As at the end of 2021, it was screening various schools in Lebanon, some of whom were extended grants in 2022.
The Charity is further digitalising its processes to improve the efficiency of its fund raising and grant making processes.
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The Tipping Point Foundation
RESERVES POLICY
Free Reserves are that part of a Charity’s unrestricted funds that is freely available to spend on any of the Charity’s purposes. The Tipping Point Foundation maintains free unrestricted reserves:
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to provide a level of working capital that protects the continuity of our core work
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to provide a level of funding for unexpected opportunities
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to provide cover for risks such as unforeseen expenditure or unanticipated loss of income.
The Board of Trustees review the above criteria with reference to the Charity’s strategy and determine the target level of free reserves to meet these. The Trustees review the policy regularly and formally approve it on an annual basis.
The policy in operation for the level of free reserves is to ensure enough reserves are held, free of any restrictions, to enable the Charity to operate for at least one year should no new income be received. The Trustees believe the current level of reserves is sufficient for this purpose.
RISK MANAGEMENT
The Board had started the process of setting up and reviewing the Risk Management policy of the Charity. The process involves identifying the likelihood, potential damage, and preventive measures, adopted or planned, to mitigate each risk together with any countermeasures that might be appropriate, should the risk materialise. The Trustees review the risks facing the Charity at each meeting; this includes consideration of reputational risk and conflicts of interest.
The major risks facing the Charity, as identified by the Trustees, are future reduction in income and reputational risks.
The Charity has drawn plans to attract new donations from institutions and individuals.
The Charity has taken steps to reduce the reputational risks by devising and implementing new systems to ensure appropriate control is exercised over donations received and grants made.
TRAINING AND INDUCTION OF TRUSTEES
Trustees have access to a training resource in the form of a comprehensive workbook and notes which give detail regarding Charity Commission guidance, governance, and areas of responsibility as well as accountability and other areas where they may be involved.
MODERN SLAVERY
Modern slavery is a crime and a violation of fundamental human rights. It takes various forms, such as slavery, servitude, forced and compulsory labour and human trafficking, all of which have in common the deprivation of a person’s liberty by another in order to exploit them for personal or commercial gain.
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The Tipping Point Foundation
The Charity has a zero-tolerance approach to modern slavery, and we are committed to acting ethically and with integrity in all our business dealings and relationships and to implementing and enforcing effective systems and controls to ensure modern slavery is not taking place anywhere in our own business or in any of our supply chains.
We take reasonable and practical steps to ensure that all our suppliers adhere to the Modern Slavery Act 2015 and review the process and procedures annually. We will only
trade with those organisations who can prove that they are compliant with the Modern Slavery Act.
This statement is made in accordance with section 54 (1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement for the Charity.
This report was approved by the Trustees on 23 October 2022 and signed on their behalf by:
Rabih Modad Trustee
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The Tipping Point Foundation
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE TIPPING POINT FOUNDATION
We report to the Charity Trustees on our examination of the accounts of the Charity for the period ended 31 December 2021 which are set out on pages 6 and 7.
Responsibilities and basis of report
As the Charity’s Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
We report in respect of our examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
INDEPENDENT EXAMINER'S STATEMENT
We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
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Accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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The accounts do not accord with those records
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Reza Motazedi and Co LLP
Name: Reza Motazedi BA, DChA, FCA
Address: 7 Bell Yard LONDON WC2A 2JR
Date: 23/10/22
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The Tipping Point Foundation
Receipts and Payments account for the period from 9 December 2020 to 31 December 2021
£ Unrestricted Receipts- Donations 34,126 Payments - Charitable activities (Grants) 4,011 - Governance Costs 2,527 __ 6,538 __ Net Income - Cash funds at year end 27,588 _____ Statement of assets and liabilities as at 31 December 2021 Total Net Assets - Cash at bank 27,588 -------------
Approved by the Board of Trustees on 23 October 2022 and signed on their behalf by:
Rabih Modad Trustee
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The Tipping Point Foundation
Notes to the accounts for the period ended 31 December 2021
1. Receipts and payments accounts
Receipts and Payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of each period. Cash received and cash spent include transactions through the bank account.
2. Donations
These included donations received from Trustees of £15,125.
3. Trustees
Trustees received no remuneration,benefits, or reimbursement of expenses.
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