PAKISTAN

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Legal Status and Nature of Operations The Citizens Foundation (‘the Foundation’) was incorporated in Pakistan as company limited by guarantee on 24 September 1996 under section 42 of the Companies’ Ordinance, 1984. The Foundation is principally engaged in establishing schools to promote education. The Foundation receives funds from cross sections of society within and outside Pakistan for building primary and secondary schools as well as for operation of schools. These donations are made by organisations, institutions and individuals. The registered office of the Foundation is situated at Plot No. 20, Sector No. 14, Near Brookes Chowrangi, Korangi Industrial Area, Karachi, Pakistan.
Contents We Believe in Pakistan Vision, Mission & Values Our Impact 20 Years of Believing in Pakistan TCF School Network From Slum Wanderer to Policy Maker A Story of Extraordinary Resilience Choosing Pencils Instead of Begging Bowls Loss and Hope in the City by the Sea 05 06 08 10 12 14 16 18 We Believe in Performance Directors’ Report Chief Executive’s Review TCF Programme Highlights Financial Highlights TCF Honoured at the World Economic Forum Prioritizing Quality of Education Beyond the Core Programme The Rising Tide of Global Support 22 25 29 32 35 36 40 42 We Believe in Governance Profiles of the Board of Directors TCF Organogram TCF Management Board of Directors and its Committees Report of the Audit Committee Annual Shariah Review Report Notice for Annual General Meeting 50 52 53 54 58 60 61 We Believe in Transparency Auditors’ Report to the Members Financial Statements Notes to the Financial Statements Code of Conduct and Governance Policies Help TCF Educate Pakistan Contact Information 64 65 70 90 94 96
Page 1 and 2: 20 YEARS OF BELIEVING IN PAKISTAN A
Page 6 and 7: The Citizens Foundation (TCF) is a
Page 9 and 10: 20 YEARS 1,060 SCHOOL UNITS 165,000
Page 11 and 12: IN PAKISTAN The drive for education
Page 13 and 14: Battagram Battagram Battal Battal M
Page 15 and 16: I completed my B.Sc. in Mathematics
Page 17 and 18: “I had to apply for a Singapore v
Page 19 and 20: A few sent their boys, but not thei
Page 21: and the role they have played in he
Page 24 and 25: DIRECTORS’ Report The Directors o
Page 26 and 27: ) Rs. 6.88 million (2014: 7.66 mill
Page 28 and 29: Donation income for school support
Page 30 and 31: Future Outlook Having crossed the 1
Page 32 and 33: Rahbar TCF mentorship programme aim
Page 34 and 35: Financial Highlights Graphical Pres
Page 36 and 37: Key Financial and Operating Informa
Page 38 and 39: PRIORITIZING Quality of Education
Page 40 and 41: Training Training through a systema
Page 42 and 43: BEYOND the Core Programme Our volun
Page 44 and 45: THE RISING TIDE of Global Support A
Page 46 and 47: Marketing Alliances TCF partnered w
Page 48 and 49: Starting from September 2014 and co
Page 51 and 52: WE BELIEVE IN GOVERNANCE
Page 53 and 54:
Musadaq Zulqarnain Inducted as a Di
Page 55 and 56:
TCF Management Left to Right (stand
Page 57 and 58:
Stitching Dreams At the commencemen
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Resource Mobilization Committee The
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Internal Audit • The internal con
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Notice of 19th Annual General Meeti
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KPMG Taseer Hadi & Co. Chartered Ac
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Income and Expenditure Account For
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Cash Flow Statement For the year en
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Notes to the Financial Statements F
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establishes a framework for measuri
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3.4 Other Payables Other payables a
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4.1 Operating Fixed Assets At 1 Jul
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6. LONG TERM INVESTMENTS 2015 2014
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10. CASH AND BANK BALANCES Cash in
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14.2 This includes an amount of Rs.
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21. OTHER SCHOOL EXPENSES 2015 2014
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25.3 Key management personnel are t
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The analysis below summarizes the c
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CODE OF CONDUCT and Governance Poli
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Managing Conflict of Interest As pe
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HELP TCF Educate Pakistan Educate-a
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Contact Information TCF Head Office
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“Education is a matter of life or
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PAKISTAN

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