PAKISTAN

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Income and Expenditure Account For the year ended 30 June 2015 INCOME Donations Income on investment - net Gain on disposal of fixed assets Note 2015 2014 (Rupees in '000) 17 2,089,503 1,641,888 18 82,781 72,932 55,260 47,245 2,227,544 1,762,065 OPERATING EXPENDITURE Education Programme Subsidies to TCF schools 19 999,202 775,041 Books, copies, uniforms and other school supplies 267,522 216,720 Repair and maintenance charges 77,117 60,211 School vehicle running and maintenance 91,002 86,302 Teachers' training 48,524 42,362 School supervision and monitoring 147,517 121,983 Depreciation on school assets 20 328,765 285,678 Other school expenses 21 39,088 39,619 1,998,737 1,627,916 Programme Administration Salaries and other benefits 22 82,152 76,224 Resource mobilization expenses 61,266 54,144 Vehicle running and maintenance 4,000 5,720 Travelling and conveyance 2,089 2,703 Utilities 4,874 4,239 Communication 2,961 4,149 Printing and stationery 5,555 3,879 Depreciation 20 17,303 15,036 Other expenses 23 9,616 11,667 189,816 177,761 Total Operating Expenditure 2,188,553 1,805,677 Surplus / (deficit) of income over expenditure for the year 38,991 (43,612) The annexed notes 1 to 27 form an integral part of these financial statements. Chief Executive Officer Director 66
Statement of Comprehensive Income For the year ended 30 June 2015 2015 2014 (Rupees in '000) Surplus / (deficit) of income over expenditure for the year 38,991 (43,612) Unrealized (loss) / gain on remeasurement of available for sale investments (24,543) 65,451 Reclassification adjustments relating to gain on disposal of available for sale investments Other comprehensive income for the year (36,970) (61,513) (29,474) 35,977 Total comprehensive income for the year (22,522) (7,635) The annexed notes 1 to 27 form an integral part of these financial statements. Chief Executive Officer Director 20 Years of Believing in Pakistan 67
Page 1 and 2:
20 YEARS OF BELIEVING IN PAKISTAN A
Page 4 and 5:
Legal Status and Nature of Operatio
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
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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
Page 59 and 60: Resource Mobilization Committee The
Page 61 and 62: Internal Audit • The internal con
Page 63: Notice of 19th Annual General Meeti
Page 66 and 67: KPMG Taseer Hadi & Co. Chartered Ac
Page 70 and 71: Cash Flow Statement For the year en
Page 72 and 73: Notes to the Financial Statements F
Page 74 and 75: establishes a framework for measuri
Page 76 and 77: 3.4 Other Payables Other payables a
Page 78 and 79: 4.1 Operating Fixed Assets At 1 Jul
Page 80 and 81: 6. LONG TERM INVESTMENTS 2015 2014
Page 82 and 83: 10. CASH AND BANK BALANCES Cash in
Page 84 and 85: 14.2 This includes an amount of Rs.
Page 86 and 87: 21. OTHER SCHOOL EXPENSES 2015 2014
Page 88 and 89: 25.3 Key management personnel are t
Page 90 and 91: The analysis below summarizes the c
Page 92 and 93: CODE OF CONDUCT and Governance Poli
Page 94 and 95: Managing Conflict of Interest As pe
Page 96 and 97: HELP TCF Educate Pakistan Educate-a
Page 98 and 99: Contact Information TCF Head Office
Page 100: “Education is a matter of life or
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PAKISTAN

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