UCAI ANNUAL REPORT 2021 THE CITIZENS FOUNDATION (UK) rfo)), -B(GINS V-bl St Camktys, Gadapwe , Every day, thousands of TCF children find the courage to dream big. Despite all the odds, they break down barriers to create a brighter and more prosperous future. At TCF, we draw our inspiration from our children. Their resolve to dream big drives us to be limitless in our work and uphold our promise of quality education. With the support of our staff on the ground and our donors and volunteers across the world, we continuously strive to reimagine education - by adapting, improving, and enhancing our teaching tools and methodologies to create a learning environment that fosters creativity, sparks imagination, and prepares our children with skills for the future. Join us on this journey as we reimagine education for the most deserving children of Pakistan and nurture their dreams through education. VIICP SCHOOL . Lggal Stslus and pu￿58 The Cltizens Foundalh)n IUW [fcF-u￿ was re01sta￿ on 6 August 2W1 theCh8rfty Commlssk)n for EngL9￿ and Wales Icharlly No. 10878641. It IsconstitUt￿ as c￿￿pany.. no. 4075￿9 (England and Wales) with an Independ8nt Board of Directors (fnthesl. TCF-UK'S 15 to raisgawareTbe55 of and funds forTre Cilizerbs Foundation (rco. Pakthn'8 ￿ading 8du¢*ion thwity. TCF-UK'S wisterwj officeisat48 Cha￿tt&Str98t. London. W1T2N& TCF Sehtd. Punjab CONTENTS Our Vision. Mission & Values 04 Our Achievements & TCF School Network 06 TCF Primary Schools are Changing 16 Teaching in Local Languages TCF Partnership Schools 20 Making Strides Forward - Programme Updates 22 Review of TCF-UK Activities 26 Global Awards 31 How to Support TCF 34 Financial Statements 42 r4 ABOUT TCF Our Story The Citizens Foundation IUKI raises funds for The Citizens Foundation ITCFI, Pakistan's leading education charity. TCF is a global mov8m8nt for education found8d in 1995 by a group of citizens. Today, TCF is providing quality education to thousands of underprivileged children through its network of purpose-built schools in remote and disadvantaged communities in Pakistan. The Economist calls TCF'pethaps the largest network of independently run schools in the world,. VISION Positive Change To remove barriers ol class and privilege, to make th8 citiZ8ns of Pakistan agents of positiv8 chang8. Through quality education, an all-female faculty and a balanced gender ratio in its schools, TCF is working to transfomi the children ol Pakistan into agents ol positive change. To further its mission, TCF also adopts government schools through public-private partnerships with provincial governments across Pakistan. TCF8thod OGS Ttu&t Campus, Gadty West, Karathi 04 Rolmaglnlny Educatlot) 11, MISSION VALUES Quality Education Integrity, Ownership & Continuous Improvement Enabling moral, spiritual and intellectual enlighten- ment through th8 Power of quality 8ducation. Better Future Creating opportunities to improve quality ol life. TCF-UK- Annual Report 2021 05 OUR ACHIEVEMENTS TCF Today 280,000 deserving students 13,000 I]OD well trained, female teachers and principals Ot30 1,833 purpose-built school units 1,450 Flagship School Units 53,000 383 Partnership School Units. matriculates empowered through education Matriculation Pass Rate 96% College Transition Rate 90% Tertiary Education Transition Rate 48% 'School unils under the TCF Flèglhip Schools programme are built and operated by TCF Itself, whereas Government-owned Or TCF-built schools under the TCF Partnership Schools programme are managed by TCF under varioijs public-private partnership agreements with provincial governments. "All figure5 are projected totals for 2022-2023. 06 Reimayit)it)g education 160,000 women empowered through Aagahi Adult Literacy Programme 3,000 women equipped with vocational skills 38,000 community members receiving clean drinking water every day TCF-UK- Annual Report 2021 07 OUR NATIONAL FOOTPRINT TCF is on the ground providing quality education in urban slums and remote rural areas across Pakistan. BALOCHISTAN 87 SCHOOL UNrrs Broundth2clty. OB Relmaglnlng Edu¢atlon AJK KP 21 172] SCHOOL UNITS SCHOOL UNITS PUNJAB 177q] SCHOOL UNI SINDH 87y] SCHOOL UNITS TCF-VK- Annual Report 2021 09 LEA,VI ,,LASTINts,kEGACY . Remembering a be ovedxnember of theT4F family.. TCF'$ Shirin Sultan Dossa CÈn4Ju$. Ki*awi. Karachi Rashid Abdulla 1944 - 2020 TCF pays its deepest respects to the life and contribution of Rashid Abdulla Saheb. who passed away peacefully on the 22nd of November 2020. He was a dear friend. visionary and true pillar of strength for the TCF family. As one of the Co-Founders of TCF and the first Chairman of its Board of Directors, Rashid Abdulla Saheb shared in the organisation's initial vision and participated in setting up TCF'S first five schools in 1995. His continuous support and guidance to the cause was anchored in his belief that no child in Pakistan should be denied quality education because of poverty or discrimination. He leaves behind a lasting legacy of compassion, hope and contribution to the community. AVILLAGE FINDS HOPE When a school opens in a remote village full of ' challe9ge people finally begin to find hope. After￿￿￿n9 milÈst¢ fètc4*J•erlrDm th8 village ¥v41, 'student 89lthtawdrfin￿lyretUrns lo herhome InTharfD Ha*oto. Th￿parkar(sI0￿fyI. As the first rays of sun touch the water-starved village of Thario Halepoto in Tharparkar, Sindh, 11-year-old Bakhtawar sets off for the long walk to the village well. There, in the stillness of the morning, she fills her empty pitchers with water and hurries back home so she can get ready and be on time for school. "Our village has its share of problems, but things are slowly changing," shares Mohammad Hasan, Bakhtawar's father, who is a primary school teacher at a government boys, school. "Until a few years ago, there wasn't even a single school for girls nearby. I had to travel nearly 30-40 kilometres every day to take my daughters to school - something that most villagers would not do,, he recalls. In 2018, when TCF opened its first school in the heart of the village, hundreds of young girls and boys were enrolled within a short period of time. Hasan's two sons and daughter also go to the same TCF school, which is only a short distance from their home. A student of Class 7, Bakhtawar loves to study Science and dreams of becoming a teacher. ¥** *'* TCF SchoDI O￿TrUst C adapWe$t. Karathi UPH NG OUR PROMISE OF QUALITY EDUCATION TCF PRIMARY SCH ARE CHANGING We and refle build ories re A student during 'Choi¢o Tim8. pl8yS With 8 g8oboard st th8 TCFschool OGS 11 Why Are We Re-lmagining Education? At TCF, we hav8 work8d hard to build a curriculum and train teachers to h8lp our ¢hildr8n und8rstand the conc8Pts in their t8Xtbooks, while developing creativity and critical thinking skills. But we have also recognised the ne8d to promote additional skills that are equally as important to our students, development. These include social skills, sell-regulation and behaviours, prioritising one s well-being and many others- all ol which are critical to succeed in an uncertain environment and cannot be tsught through textbooks alone. How Do We Prepare Our Children for a Future We Cannot Even Imagine Yet? In 2017, TCF hired a team to reimagine the curriculum in one of tts schools in Kara¢hi with an aim to strengthen 21 st Century skills in the 8arfy y8ars. The team, led by graduat8s from prominent schools of 8ducation, pivoted towards a res8arch-bas8d early years education model that emphasised learning through play, student-led hands-on activities, and joyful storytelling. Research shows that the early years are the most critical years when children build cognitive and socio-emotional skills that set the stage for later success. The environment needed for this includes play-based learning and teachers that nurture the whole child rather than just focus on acad8mic skills. Unlik8 a traditional Pakistani school, TCF'S n8w mod81 for 8arfy years gducation 8nab18s childr8n lo d8V81op strong languag8 and communications skills as w811 as an ability to think indep8ndently. Th8 mod81 is designed to be low-cost, contextualised for low-income areas, and scalable across a variety of settings. It is a model for what early years education can look like in Pakistan. TCF'S Early Years Programme Team is continuously creating, implementing, and refining its content and practices. This year, omponents of this 21 st-centurylgarning modgl wgre sca18d to over 1,000 TCF primary classroc)ms in Sindh from Nursery to Grad8 2. What to Expect When You Visit TCF Next Colourful Classrooms with Child-level Resovrces Our classroorns ar8 now vibrantly coloured, equipped wtth child-level displays and creativity boards. Read-Aloud Story Tirne We have introduced 90 illustrated, cont8Xt-appropriate original Urdu storybooks. Fitness Time Children engage in physical and breathing 8xerci88s for th8ir well-being and mindfulne&s. Floor Seating for Our Little Learners Floor seating allows for More space and fl8xibility in instructional approaches. Learning Through Play We have implemented a play-based learning model covering all developmental domains. 'For children to come to school and be given toys instead of textbooks, space to play instead of desks, and empowerment instead of discipline. is revolutionary. TCF students now have access to an education model that is not even available in many private schools in Pakistan. TCF is demonstrating what is possible - not just in Pakistan, but anywhere.. Nadia Naviwala Non-resident Fellow. The Wilson Center TCF-UK- Annu81 Report 2021 17 FINDING IDENTITY, EQUITY AND ECONOMIC W. . STRENGTH BYTEACHING IN LANGUAGES CHILDREN UNDERSTAND A three-year study by TCF finds that using familiar languages when children are young and then gradually introducing foreign languages maximises comprehension and fluency. child￿ in Newsehri Wllage, r￿arIs1aMkotIn Thaparkar, study in a makeshrft classroom ata local communityschool. What Happens When Children are Taught in a Language They Do Not Understand? Many children in Pakistsn are unable to read a single sentence even after spending years in school. In a country with over 70 native languages, a critical impediment is the language used as medium of instruction. Schooling is reduced to memorising textbooks that children do not understand, thereby hindering intellectual growth and the joy of leaming. Research shows that using an unfamiliar language as the medium of instruction in primary y8ars' curriculums in Pakistan hurts childr8n's ability to learn, to r8ad and to und8rstand concepts. It suggests that learning should b8 In the languag8 that students und8rstand b8St. Scouring the World to Find a Localised Answer In 2018, TCF partner8d wtth th8 Thar Foundation to d8v8lop a mother tongue-based multilingual education IMTB MLI mod81 for schools in the desert region ol Tharparkar, Pakistan. While Sindhi is the provincial language in Tharparkar, the local ptspulation speaks over 13 sub-regional languages. The MTB MLE team spent three years researching and designing a pilot programme for Tharparkar, with the potential to expand across the country. In 2021, TCF proudly published its first resgarch report on education policy. The report, 'Finding Identity, Equity, and Economic Str8ngth by Teaching in Languag8s Childr8n Und8rstand,' is an effort to bridg8 th8 gap b8tWe8n theory and practlC8 by off8ring guidance on designing MT8 MLE programmes lor linguistically heterogeneous contexts. It outlines guiding principles for the development of context-specific language ladders which dictate the proposed language journey of a child's education, beginning with the most familiar language in the early years and gradually incorporating additional languages. Both researchers and those who have implemented MTB MLE have obsetwed that this model benefits children on three critical fronts.. cognitive development, academic achievement and sgnse of identity. Testing the New Approach in Tharparkar In early 2020, TQF began testing its research-based MTB MLE model in 21 classrooms, Starting with pr8-kind8rgarten and kind8rgart8n. As per th8 mod81, students transition through fluency in three to four languages over the course of their education.. from diverse mother tongues IDhatki or Sindhil to the regional language (Sindhil, then the national language (Urdul, and then to an intemational language (English). TGF has already started a gradual graded roll-OLrt of this model in TQF schools supported by the Thar Foundation in Tharparkar. Unlik8 a lot of r8search that preced8S this study, TCF do8S not just insist on a mother tongu8-bas8d approach to education. Instead, it provides pragmatic recommendations lor how Pakistan, and countries like it, can provide mother tongue-based education in contexts where there are multiple languages and where children are expected to learn up to four languages, including English, by the end of secondary school. 'In the last three years. Thar Foundation has been striving to impart quality education in Tharparkar through our 27 school units. It was the community feedback that motivated us to initiate a three-languages learning model in our schools. Thar Foundation (TF) and TCF jointty took this initiative, wherein Thar Foundation funded the 3-year project. We are delighted that students of Thar will now learn in SindhilDhatki at early grades, subsequently adding Urdu and English. TCF has plans to extend this model to all its schools in Sindh which will be a shared pride for us.. Syed Abul Fazal Rizvi CEO of Thar Foundation 'Why C8n¥Paktstsni Chtldr8n R84d?￿l￿on C8ntsr. 20191 TCF-UK- Ant)ual Rwort 2021 19 RTNERSHIP sc Reformi CF dopte ernment s ,p Students ata TCF-adopted Partnership schoolin Pindi Kahluwan, Punjab, rnawlybullt8nd re ssroom. (2027) In April 2016, TCF formalised an agreement with the Punjab Education Foundation IPEQ under its Public School Support Programm8 IPSSPI to bring 257 gov8rnm8nt primary schools across 6 districts of th8 provinc8 und8r TGF'S management. Wh8n we look over, these schools were in extremely poor condition- classrooms were in a dismal state with inSLrfficient furniture and basic amenities, inadequate teaching practices and high absenteeism contributing to poor learning outcomes. Improving Education Through Quality Interventions We immediately got to work on improving these schools to deliver quality education and improve student enrolment. Over the years, our teams worked on recruiting competent teachers and principals and providing comprehensive training to help them deliver child-centred lessons. We introduced opportunities to develop cognitive, social and emotional skills with a focus on well-being, provided remedial classes to students in need and engaged with school communities and parents to support children's learning and dev8lopm8nl. Rebuilding Education Infrastructure Education infrastructure plays an important role in facilitating a child's learning and development. TCF'S education model focuses on building purpose-buitt schools, liceracy enriched-classrooms, libraries and laboratories to facilitate meaningful leaming and foster well-being of our children. Th8 infrastructure and faciliti8s of th8 government schools w8re compl8t81y inad8quate for TCF to roll out its tri8d-and-t8St8d 8ducation mod81. To address this, TCF undertook basic r8furbishment and improvements at the schools, but due to limit8d resources we could not provide the school environment we wanted. As a result, we were frequently seeking opportunities to solicit funds lor renovation and invest in infrastructure improvement. In 2019, TCF partner8d with th8 UK For8ign, Commonwealth & Development Offic8 IFCDOI, for the renovation and upgrade ol our Partnership Schools in Punjab. As part ol this commitment, FCDO approved the restoration and building of 600 classrooms across 198 gov8rnm8nt schools in th8 TGF n8twork. Th8y also provided funds to construct 100 separat8 toilets lor boys and girls. The construction work was completed in May 2021. Through our Partnership Programme, we are working towards reforming and reviving government schools across Pakistan with th8 goal of delivering quality education lor the less privileged on a large scale. 'Todayi It's heartening to see my children sit in their newly constructed. colourful classrooms. They have proper ventilation and are designed with ramps and handrails to make them accessible to children with disabilities. New toilets have improved sanitation and my school is now in a much better position to enrol more students., Amna Sadaqat Principal - TCF Partnership School Lohan, Narowal TCF-UK- Ant)ual Report 2021 21 MAKING STRIDES FORWARD TCF Programme Updates TCF Partners with FBISE for Secondary Schools Affiliation If-"2yf • TCF and the Federal Board of Intermediate and Secondary Education IFBISE) have signed a Memorandum ol Understanding under which all TCF Secondary Schools have now been affiliated with the Federal Br)ard. This collaboration will h81p TCF align its syllabi and ass8ssrn8nt systems across all provinces in Pakistan as well as receive centralised support for teaching and learning activities from FBISE. TCF students will also benefit from innovations including subject choice. and use ol technology which the FBISE provides across Pakistan. Jazz & TCF Partner to Digitally Transform TCF Schools Jazz- Pakistan's leading 4G operator and internet provider- is supporting TCF in introducing a new, cutting-8dg8 digttal literacy curriculum with the aim of providing students a more robust, 21 st-century learning experience. It is alsts supporting a blended learning curriculum to help teachers combine online educational materials with traditional place-based classroom methods. Under the collaboration, Jazz will also b8 revamping TCF'S computer labs and Digitsl School Management System. TCF and IDEAS Collaborate for Joint Research TCF has partnered with The Institute of Development and Economic Alt8rnatives IIDE4SI - an organisation producing rigorous qualty research to gauge the multidimensional impact of TCF s work. The dimensions ol impact to be evaluated will be determined by engaging with various voices across the organisation. The evaluation will combine qualitative and quantitative research in collaboration with partner organisations as well as focus groups with t8ach8rs, principals, alumni and management staff. TCF Alumni Secure Ehsaas Scholarships 37 TCF alumni from various universities and academi¢ disciplines around the country secured the Ehsaas Undergraduat8 Scholarship this y8ar with support and guidance from TCF'S Alurmni D8partment. The merit-based scholarship offered by the Higher Education Cotntnission IHECI Pakistan, provides full degree support as well as an annual stipend to students from low-income communities to aid them in pursuing higher education. 22 Reimayit)it)g Edu¢ation Improving Multigrade Teaching in TCF Partnership Schools To Improve learning and teaching practices in TCF Partnership Schools in Punjab, our team trained more than 600 teachers in multigrade teaching practices and designed resource corners, 8qUiPP8d with books and 8ducational toys across 327 schools. A5 part of a phasic roll-tsut, 99 teachers- teaching Grades 2 and 3 as one multigrade classroom We￿ also provided high quality scripted lesson plans lor all subjects. Maintaining TCF School Infrastructure This year, TCF ctsmmenced a massive maintenance project for its schools across Pakistan- 787 schoo1 buildings from all provinces were selected for badly needed repairs and maintenance after a thorough needs assessment. Under the project, dilapidated equipment will be replaced, and general repairs and maintenance of the buildings, classrooms and bathrooms will take place. The project is expected to cost an average of £2,541 per school and is expected to be cornpleted by 2022. Girls from TCF College Learn to Code TCF College Student Wins 1st Position at LUMS Science Competition b4 LV At TCF College, 35 girls participated in a STEM workshop organis8d by CIRCLE- an organisation ¢at8ring to girls who ar8 passionate aboLrt learning the relevance of t8chnology and the importance ol computational thinking In today s world. The training focused on technological coding that can be used as a toolkit to solve daily problems. By the end of the session, the students were able to design a simple proj8Ct using th8 visual programming 18nguag8, Scratch, d8v81oped by the MIT M8dia Lab. This year, 14 students from TCF College showcased their scientific creativity in the 'S¢ience At Home, competition, organised by LUMS SPADES ISoci8ty for th8 Promotion and Development of Engineering and Sciences). TCF'S 2nd Year College Student, Jawad Ali, won first position for his project featuring a practical demo ol Pascal s Law, through hydraulic pumps using home-based resources. Fostering Creativrty, Curiosity & Discovery: Workshop Week at TCF College TCF College organised its annual Workshop Week in March this year, featuring 14 skill-based wotl(shops with more than 20 expert trainers from fields ol Science, Business, Technology, and Art. 500 students from TCF College participated in a 4-day long Workshop Week. Thesg workshops included th8atr8, slam poetry, public speaking, graphic d88igning, mobi18 application develtspment, photography, architectu￿, robotics, creative writing and m()re. The Workshop Week helps students explore their field Ol Inte￿St for higher education while engaging them in active, hands-on learning experiences. TCF-UK- Annual Rwort 2021 23 A FIELD OF DREAMS A farmer's hard work and struggle pay off as his son makes it to LUMS!. Ah*d labore farmEr and father of TCF alumnus Abdul Wahid, Ig proud of thefaet that his son rsily ol Management Sciences, a leading university In Pakistan. ge Burewala, Punjab, to pu￿etert1￿YÉdUCat1On. When Abdul Wahid was little, his father Ahmad Ali would drop him off to school on his bicycle every morning. While Abdul spent his day reading and learning, Ahmad laboured in the fields under the scorching heat of the sun. "A farmer's son can only be a farmer. What's the point of sending him to school?, This is what people in our village would tell my father. But abu (father) would tell me that I can be whatever I dream of if I get a good education,, shares TCF alumnus Abdul Wahid who worked hard to ensure his father's sacrifices did not go in vain. Today, Abdul Wahid is pursuing a Bsc in Physics on a full scholarship at the prestigious Lahore University of Management Sciences (LUMS). Ahmad Ali is proud of the fact that his son is the first child in their entire village, in Burewala, Punjab, to attend university. "I can never forget the moment I told him about my admission. He was in tears as his hard work and perseverance had finally paid off," shares Abdul Wahid. "Whatever l am today is because of him. He chose our future over a comfortable life and for that I can never thank him enough." - Abdul Wahid A REVIEW OF TCF-UK ACTIVITIES ITIII Imtlaz, a studant of Class 4 at the TCFschool H8Jl NoorMtJh&mm8d T8h8è Th8tt8 1Sindh). h8ppNly rèturns to sehoolpost COVID-19 closures. pus. The Cttizens Foundation IUKI was established in 2001 to help raise funds and awareness for TCF, Pakistan's leading charity in the field of formal education for underprivileged children. Over the last 21 years, we have been fortunate to have the unrelenting support and unwavering commitment ol our donors. We have also endeavoured to maintain the highest level of transparency and good governan¢e. Our priority always is to minimise 8XP8nditure in the UK so Ihal we can maximis8 th8 funds w8 InV8St in our 8ducation programm8s in Pakistan. To that end, none of our Trustees in the UK receive any compensation or out of pocket expense reimbursements from the chartty. In 2021, our focus was on addressing the unique challenges we faced, whilst navigating the COVID-19 crisis to sustain our charity and ensure the long-term safety of our students, teachers, and communities in Pakistan. Despite repeated school closures, we made significant progress in growing our network of schools, introducing innovative education interoentions, and improving quality 8ducation across Pakistan. In the UK, we raised a record amount during Ramadan, for which we are greatly indebted to our donors. We also launched our in-house peer-to-peer fundraising platform, which really helped drive donations during virtual events and sports tournaments. The platform also proved to be a fantastic way lor our supporters to raise awareness about TCF and engage their friends and family. As soon as restrictions eased, we shifted our focus to organising outdoor events. These events offered a great opportunity to reconnect with OLJr donors in a r8lax8d 8nvironment. A special thanks to our donors, volunteers and supporters who made all our success possible. We would not have been able to do this without you. 26 Rtimagining Edueation Income Totals Runnlng costs of schools Building schools Endowment fund 1,550,803 1,297,188 150,240 103,375 Individuals, incl. gift aid 122,018 122,018 Fundraising events 75,372 75,372 Corpc)rales 496,523 496,523 Grant making chariti&s 2,244,716 1,991,101 150,240 103,375 10,546 10,546 Inv8Stm8nt incom8 2,255,262 2,001,647 150,240 103,375 2021 incoming resources 2,360,303 2,292,563 60,240 7,500 2020 incoming resources TCF-UK seeks to minimise administrative ¢osts wherever possible. Expgnditure is often ¢overed by specific donations for this purpose. TCF-UK has a policy to send donations r8ceiv8d to TCF Pakistan as soon as practicabl8. Sp8crfically, any restrict8d donations received, or donations received for a specific purpose, are sent lully to TCF Pakistan. Total gift aid receivable lor 2021 and included above was £168,32912020.' £156,002). In addition, Ihg TCF-UK tgam has assisted TCF in their dealings with international grantors. Charitable Activities Br8akdown of TCF-UK expenditur8 on charitab18 8ctivttl85 being grants during the year to TCF totalling £1,932,16512020.. £2,121,261) Total Support Build Endowment 1,932,165 1,678,550 150,240 103,375 2021 grants to TCF 2,121,261 2,053,521 60,240 7,500 2020 grants to TCF The 2021 support grants to TCF of £1,678,550 included grants towards whools buitt by TGF-UK donors and, where donors specifically r8qU8s18d this, to TCF'S other programm8s. Our grants paid th8 annual cost of educating aboLrt 22,000 stud8nts and contributed about 8% of TCF'S total expendtture on running its 5ehools. Since 2001 a total 0146 TCF schools have been built by TCF-UK donors, ol which 15 now run afternoon shifts, lor a total 0161 school units146 primary and 15 secondary) at the start of the 2022 academic year. TCF-UK- Annual Report 2021 27 HIGHLIGHT OF TCF-UK ACTIVITIES ba Javed. Cl8&$ 5 at the rnffngioumey with TCF&ftgr d DCD ca￿puS, Saudèbad. Karachi. continues her low-costprivats s¢hoolamMS thèpandwnic. Despite the hardships of 2021, our Ramadan Appeal reached a record breaking high. The appeal saw the introduction of TV advertlS8m8nts across popular Pakistani chann81s, th8 launch of 'MyT8nNights' on our website to 8ncourage giving in th8 last 10 days of Ratnadan, and an unprec8d8nt8d Calling Campaign wh8r8 our dedicated volunt88rs rnad8 ov8r 1,000 ca115 to talk to our donors about Zakal. Battle of the Chapters Quiz Night TCF-UK hosted its first Battle of the Chapter Quiz Night in April, where our High Wycombe, Staffordshire, South London and yorkshi￿ Chapters participated in a virtual quiz tournament, with special appearance ol TCF alumnus Nadeem Hussain sharing his inspirational story. Together, the Quiz Night raised over £9,000. Run IOK Raise IOK In July, 14 of our amazing volunteers participated in the ASICS London 10K run in support ol TCF-UK. Through their incredible fundraising efforts, they collectively raised over £28,000 (Including the matched funding by a generous TCF donor). These funds have provided edu¢ation tc) over 260 deserving children in Pakistan for 8ntir8 y8ar. W8 cannot thank our runners and supporters enough for believin9 in the power of education. All About Cricket In the summer of 2021, our London Chapters recruited their teams to make the most of cricket season. In August, the SoLrth London Chapters Cricket Family Fun Day had to b8 cancelled due to poor weath8r, however that did not stop South London Chapter Leads, Farah Khan and Tahir Mughal, from making the most of the day. They ￿loCated the event, with ptsp-up food vendor Empress Mad(et, to their very own front drive raising over £1,000 to empower children across Pakistan with education. In September, our North and South London Chapters went head-to-head to compete for a trophy in an inter-chapter cricket tournatM8nt. The event rais8d ov8r £16,000 to support the running costs of Old Mutual Catnpus 11, Sindh, Karachi. A very big thank you to North London Chapter leads, Noreen Kazim-Amir and Amir Khan, and South London Chapter leads, Farah Khan and Tahir Mughal, lor organising these successful events. Welcoming Mike Nithavrianakis to TCF-UK In Octob8r, TCF-UK was delighted to welcom8 British D8puty High Commission8r to Karachi, Mike Nithavrianakis. Since W8lcoming Mike to th8 TCF-UK family, he has fundrais8d for TCF during th8 London and Manch8Ster marathons, all in his p8rsonal capacity. TCF-UK- Annual Report 2021 29 TCF-UK Staffordshire Virtual Quiz and Live Auction Night Following the success of virtual events held in 2020, the Staffordshir8 Chapt8r host8d a Virtual Quiz and Live Auction Night in November. The event was an enormous success with special thanks to Hifsa Haroon-lqbal and Zafar Iqbal, Staffordshire Chapter Leads, for organising some unique auction items, including a calligraphy painting, and signed Cricket bats by Pakistani cricketer Younis Khan and English crick8t players Jonny Bairstow, Joe Root and Eoin Morgan. As a ￿sUIt ol the amazing participation, over £2,000 was raised to fund 30 students in Class 2 at Old Mutual Campus I Primary School, in Karachi. TCFVUK Sl•llothl*• awT oud to Grfe5ont wirtL￿{ Quiz Night & Llve Auctlon on Fr￿¥ Jlh I•Dw•iiili•v X131 1 • TCF-UK Chapter Lunch As COVID-19 r8Strictions lift8d throughout th8 UK, w8 W8r8 able to host a long-awatt8d Chapt8r lunch in D8cerMb8r. Th8 lunch was attended by our dedicated Chapter leads and TCF-UK staff, and presented the perfect opportunity to finally meet and interact in person, celebrate tsur collective achievements over the past two years and discuss future events. Supper Club at Shola Karachi lfjtchen In December, Misha and Osman Ul Haq htssted a Supper Club at Shola Karachi Kitchen to raise funds and awareness lor TCF. The event featured Shola Kitchen's amazing authentic food and a joyous atmosphere- a rnassive thank you to Misha and Osman ul Haq, Aida Khan and Shola Kttchen for hosting such a rmgmorable evening. 30 Relmaylnlng Edu¢atOo GLOBAL AWARDS The TCF model and its impact has been recognised globally. wiseiinitiative UNESCO Prize for Literacy, 2017 Qatar Foundation Wise Award Clinton Global RLD NOMIC RUM EC SCHWABFODNOATIONFOR World Econotni Forum The Ratnon Magsaysay Award Schwab Foundation Social Entrepreneur ol the Year Award skoll UNGEir United Nations Gills, Education Initiative () ICMA FOUNDATION Pakistan Skoll Foundation Award for Sooial Entrgpreneurship UNGEI - United Nations Girls, Education Initiative Best Corporate and Sustainability Report Awards Pakistan Centrefor Philanthropy A5wJ211oll of MAP Corporate Excellence Awards SAFA Award for Best Presented Annual Report PCP Certification JCR-VIS Credit Rating Improved Ranking from 9 to 9+ TCF-UK- Annual Report 2021 31 G￿ INVOLVED Whether yov are an individual, a vniversity 80¢igty, or 8 community group. th8r8 aré many ways you can gèt involvsd to hèlp rasè awareness ol our cause. You can take on sporting challenges like marathons, mountain treks., volunteer at TCF events,. organise your own fundraising events, big or srnall, such as lftaar party, musi¢al evgning. film s¢reening', or h()￿ an information évèning wtth friands and family. The list is endless, and it all depends on how much time you can give and how much you want to help. Rogardless, your 8UPPOrt is instrumentsl in our fight to build a brighter futurè for ehildran of Pakistan. Togèthèr, w8 ean givé Ovary child thè chance to leam and develop to th￿r full potential. CREATE LASTING CHANGE Every contribution that you make goes towards empowering underprivileged children through quality education. Make a gift to create an impact that lasts forever. Educate-a-child Build-a-school £9 (Monthly) £108 (Yearly) £145,000 (One-time Build Costl + £95,000 15-Year Support) Educate-a-child KG to Matric £1,143 Ione-timel Alumni Scholarships £90 for Intermediate Student IOne-Timel £7.000 for a Tier A University Student IOne-Timel £3,000 for Tier B University IOne-Timel Sponsor-a-classroom £217 (Monthlyl £2,600 Iyearlyl Support a School Unit Support an Adult Literacy Learner £1,333 Imonthlyl £16,000 (Yearly) £15 IOne-Timel Notes Rekted to ￿[1d-a-sChool Costs arefor build cycle of 2022123 and are subieGI to revi￿0￿. Rates arecalculaled on average construction costs and may Varyf￿ different k>cations. A sch¢x construction projo¢t can Dnly bgtsk8n up with thg provision of ¥hool support lora minimum Df five yeats linclud8d in th$figurgs oit9d abov$l- school construction projects In earthquake zones wlll take Into account additional costs lor special earthquake resislanl Èychit￿Iure. 34 Relmaylnlng Edu¢atlon GIVING MADE EASY There are so many ways to make a meaningful contribution with your Zakat, Sadaqah or general donations. GIVE ONLINE DEPOSIT OR BANK TRANSFER Visit www.tcf-uk.org to makg a one-time or recurring donation onlin8. Transfer your Zakat and Sadaqah to on8 of our bank accounts mentioned on our website www.tcf-uk.org/donation-infomiationl. You can request a donation receipt by emailing us at info@tcl-uk.org SEND A CHEQUE FUNDRAISE FOR US Send us your donation by cheque, made payable to 'Th8 Gitizens Foundation IUKI, at 48 Charlott8 Str88t, London, W1T 2NS. Start fundraising by creating your own digital campaign at https'.//fundraise.tclglobal.org/ Match Your Donations Through Your Employer Many companies match donations that their employees make to charity. You can double your donation by taking advantage of your company's gift matching scheme. Leave a Lasting Legacy Leave a gift lor TCF-UK in your will and make a promise to change lives lor generations to come. For more infomiation, please contact us at info tcf-uk.org or call our office at 020 3585 3011. TCF-UK- Annual Report 2021 35 **August 21, 2021** **رﺳﻮﻟﮧ اﻟ���ﻢﻧﺤﻤﺪە و ﻧﺼﻠﯽ ﻋﻠﯽ Shariah Advisor's Report** _**For the year ended June 2021**_ ## **Introduction:** **TCF is a professionally managed, non-profit and philanthropic organization set up in 1995 by a group of citizens concerned with the dismal state of education in Pakistan. It is now one of Pakistan's leading organizations in the field of formal education. The vision of TCF is to remove barriers of class and privilege and to make the citizens of Pakistan agents of positive change. TCF believe that access to basic education is the right of each individual and not a privilege. Under the administration of TCF hundreds of schools spread throughout Pakistan are providing education to thousands of children.** ## **Method of utilization of Zakat:** **The organization’s financial needs are being covered by zakat and donations that Pakistani individuals and corporate throughout the world contribute towards. Zakat received by TCF is spent for the educational expenses of needy students. According to Shariah, Zakat can be used on the educational expenses of needy students.** ## **Shariah Ruling:** **It is confirmed that The Citizens Foundation collects and spends Zakat fund in accordance with the instructions of Shariah. It is also confirmed that whosoever will give Zakat to this Foundation; their Zakat will be paid as per Shariah point of view.** **May Allah grant the management of The Citizens Foundation best reward for their services, and may give in their mission more blessings and sincerity. Aameen** **______________________ ______________________ Mufti Muhammad Ibrahim Essa Mufti Ubaid ur Rahman Zubairi** _**Chief Executive Officer Director**_ **Alhamd Shariah Advisory Services (Pvt.) Limited Alhamd Shariah Advisory Services (Pvt.) Limited** ** +92 322 2671867 |  www.alhamdshariahadvisory.com |  info@alhamdshariahadvisory.com** "The charity (The Citizens Foundation) runs perhaps the largest network of independently run schools in the world. The Economist The Economist "Political empowerment of women is built upon a bed-rock of citizenship rights that must be claimed. TCF is enabling girls and their mothers from deeply disenfranchised communities to start the process by obtaining basic education needed to exercise these rights fully. United Nations Girls, Education Initiative CUNGEIJ Case study UNGEir United Nations Girls, Education Initiative TCF-VK- Annual Report 2021 37 WHO WE ARE The work that we do would not be possible without the hard work, commitment and dedication of TCF-UK'S volunteers, who have worked tirelessly this past year to make our success possible. Volunteers Awais Khan Anjum Hussain Naser Ali Zain Ghani Sharaz Dutt Ayman Raja Zara Humayun Hisaam Mirza Rrffi Khan Rahilla Janjua Faisal Khan Fawwaz Janjua Farah Wigmore-sykes Salman & Mehnaz Ahmed Faisal Raza Bhojani Sinéad Morgan Mariam Akhtar Zubair Farid Mustafa Sherwani Ridaa Mughal Arjumand Vali UK Chapter Leads Cardlff Samina Khan Hlgh Wycombe Huma Nawaz North London Noreen Kazim-Amir South London Farah & Tahir Mughal Staffordshire Hrfsa Haroon-lqbal & Zafar Iqbal Yorkshire Raza Eff8ndi Young Professionals- North Amani Dosani TCF-UKTeam Sania Sufi Chief Executive Officer Agata Sokolowska Finance Manager Molly Charker Programme Associate Sooriya de Soysa Fundraising Officer- Grants & Major Donors Zayn8b Ha88n Fundraising ExecLrtive- Trusts & Foundations 38 Reimagining EJs on virtual events and do￿ engagement. Building on our experience the year before, we launched our in-house peer-to-peer fundrasiThJ plattomi in June 2021. The platfomi encouraged greater collaboration between our donors globJly and realty helped boost th)nations during key wnpwgns and Mrtual events. In the second half, we pivot8d towards outdoor sporting everrts like cricket and the Asics British 10K. which enjoyed incredible buy-in from our donors and supportèts. Meanwhile, in Pakistan, TCF made ggnrficant progress in enhancing its education programmes despite repeated school closures. TCF'S COVID-19 Response Appeal launched in 2020 ￿abled TCF lo retain its facuty ol teachers and sustain its network of schools. When TCF %hry)Is reopeneLI in February 2￿￿1. TCF twhers and prinCip￿S went door-to-dcx)r to bring hildr8n back to school. TCF dso ro118d out forrn￿ In￿liatIv&S and created safe spac8s to promote the mental and emotiond wdl being of rfts staff and faculty. We are pleased to retK)rt that TCF schools continue to operate at maximum capaeity. Al of thèsè have significantly mitigated the financial and operationJ risks arKI impacts for us. 46 Reimagining EdLKati Trustees Report (continuation) FUNDRAISING sfANDARDS INFORMATION Raising funds and awareness of the charity is carried OLrt by emFdoyees aThJ trustees. The charicy does not use professional fvndraisers. TNstees and staff am to ensure that all our fundraising remains respectful, open, honest and accountable to the public. The charity Complies wtth the FinanciJ Regulatorfs C￿e of FUnd￿￿ng Practice. Trustees have not received any ¢omplaints in respect of ourfundr8i&ng act￿ttl8$. STRUCTURE. GOVERNANCE AND MANAGEMENT All the Trustees participate in the management of the chwity. Existing Trustees appoint new twstees after a satisfactory induction process. The Trustees rety on the excd1￿1 guidance for new arKI existing tnjstees published by th8 Charity Commission. STATEMENT OF TRUSTEES, RESPONSIBILMES The Twstees Iwho are dso directors of The Citizens FouThJation IUK) forthe purpwes of company law) are responsible lor preparing the Ttustees, Annual Report and the financial ststements in accorda￿ with applicab￿ law and Untted Kingdom A¢counting Standards (Untted Kirwlom Gener￿lY Accept￿1 Accounting Practice). Company law requires the Trustees to prepare financial statements for each financia year, which give a tme and fair view of the state ol affairs ol the charitsble company and of the incoming resources and application of resources, including the income and expenditure, ol the charitable company for that peri¢xl. In preparing these financial statements, the Trust￿ are required to.. . sel8rt suttable a￿OUntIng polici8s and then appty them consistent￿. ' obseNe the methods and principles in the Charities SORP 2019 IFRS 102). ' make judgements and estimates that are reasonable and ptudent . state whether applicable UK Accounting Standards have b8en follow&l. subject to ffj materid départurés disclos*J and 8xplaned in thè statements., ' prepare the financial statem￿tts on the goiThJ concem basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are reswnsible lor keeping adequate accwnting T￿rdS that disclose with reasonable aceuracy at any time the financial position of the charitable company and enable them to ensuie that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ol the charitable company and hence lor taking reasonable steps lor the prevention and detection of fraud and other irregulatities. The bustees are responsible for the maintenance and integrity of the corporate and financial information Includ￿ on the Charitable ￿mpanY'S websf(e. Legislation in the United Kingdom gov8ming the preparation and di&8emination of financi￿ statements rnay drffer from legislation in otherjurisdictions. TCF-UK- Annual Report 2021 47 Trustees Report (continuation) In so lar as thè Trust8as arè awaré". there is no rdevant audit infomiation of which the char[t￿e company's aUdIt￿ is unaware,. and the Trustees have tak￿ all steps that ought to have taken to make themselves aware of any relevant audit information and to establith that the audf(or is aware of that information. AUDITORS TCF-UK'S Financial Stat￿s are subject to a statLrtcry audit. This has been completed by Haines Watts. The report has been pr8pared having taken advantag8 of th8 Sm￿1 companies exemption in the Compani88 Act 2006. Signed on behalf of the Board: T R Hu5sain 31 May 2022 48 Reimagining EdLKati Independent Auditor's Report to the Members of The Citizens Foundation (UK) Limited (by guarantee) Opinion We have audited the financial statements of The Citrzens Foundalion IUK) lthe'chatitable company'l for the year ended 31 December 2021 whi¢h comprise the St*8ment ol Financi￿ A¢tivtties. Bdan¢e Sheet. Statement of Cash flows and notes to th8 financial statements, including a summary of signtficanl accounting policies. Th8 financial r8POrting fram8work that has b88n applied in their preparation is applicable law and Untted lfj"ngdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK aThJ Republic of Irdand (United Kingdom Generally Accepted Accounting Practice). In our opinion the financi￿ statemerrts= give a true and fair view of the state of the charttable company's affa.rs as at 31 December 2021, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended: have been properly prepared in accordance with Unrted Kingdom Gen￿￿ty Acwed Accounting Practice: and have b8en pr8p8r8d in accordanc8 wtth th8 [￿U1r8￿8￿ts of th8 Compani85 Act 2006. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing IUK) OSAS IUK)) and applicable law. Our responsibilities under those standards are further described in the Audrtorfs responsibilities for the audit of the financial statements section of our r8fX)rt. W8 are independent ol the Charttable ￿rnpanY in accordance with th8 ethic￿ requirements th* are rel8vant to our audit of the financial statements in the UK including th8 FRC'S Ethic￿ Stsndard. and we hav8 fulfilled our other ethical responsibilities in accordance wrth these requirements. We believe that the audrt evidence we have obtained is SLrfficient and appropriate to provide a b￿S our opinion. Conclusions relating to g￿n9 concern We have nothing to report in respect of thg following matlers in rd*ion to which the ISAS (UKI require us to report to you where.. the trustees, use ol the going concem basis of ￿e￿nting in the FW)arthn of the financial statements is not appropriate., or the twstees have not disclosed in the financial statements any Identifi￿ material uncertainties that may cast significant doubt about the charitable company's abilty to continue to adopt the going concern basis of accounting for a period of at least twelve months fr(Yn the date when the financial statemwrts are authoriwl for issu8. However, not all future events or condrtions can be predicted. COVItP19 Vil￿ pandemic is one of the most significant economic events for the UK with unprecedented levels of uncertainty of OLrtcomes. It is therefore difficult to evaluate all of the potential implications on the charty's activities, income and the wider economy. The Trustees, view on the impact of COVID-19 is disclosed on page 46. Other information The trustees are ￿1X)nSible forthe other infomation. The other inf(mation comprises the infomation included in the trLJStees' annual report, other than the financial ststements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and. except to the extent othe￿iSe explicitly stated in our report, we do not express any form ol assurance conclusion thereon. In conn8clion wtth our audtt of lh8 financial statements. our T&￿pOnSIbl1[fy is to read th8 oth8r information and, in doing so, consider whelher the other infom)ation is materially inconsistent wtth the financid statements or our knowledge obtsined in the audit or othetwise appears to be materially misstated. If we identrfy such mat&ial inconsistencies or apparent materi misstatements, we are required to detemiine Wheth￿ there is a mat&ial misstatement in the financial statements or a material misstatement of the other infomiation. If. based on the work we have Wfcffi￿d. we condude that there is a material misstatement of this other information, we are requhred to report that fact We have nothing to report in this regard. TCF-UK- Annual Report 2021 49 Independent Auditor's Report (continuation) Matters on which we are required to report by exception We have nothing to report in respect of the following mattws in rdation to which the Charities IAccounts and Reports) Regulations 2008 r8quir8 us to retx>rt lo you il, in our otynion.. . the infomiation given in the financial statements is inconsistent in any materid respect with the trustees, report., or . the charitable company has not kept adffjuate accounting recc*ds; c . the linanoid $tst8ments arg not in agr88m8nt with th8 aw)unting rwds and retums" ' we have not received all the infomation and exKAanati￿s we wuire for our aud Responsibilities of trustees As explained more fully in the trust￿, responsilj'lities statement set c￿rt on page 47. the ttustees (who are also the directors of th8 charitable cornpany for the purpos&s of company lawl are responsibl8 for the PTeparation of th8 financial statem8nts and for bèing satisfied that they give a true and lir view, and for such Intern￿ control as the trustees determine is necessary to enable the preparation of financial statements that are free from materid mi&8tatement, whether due to fraud or error. In preparing the financial statements, the tNstees are resp)nsible for assessiThJ the ch￿itable company's abilty to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trLJSt8gS &thgr intend lo liquidat8 the ¢h8rKtth ￿mpanY orto ¢e&se ¢)perations, or have no realisti¢ altemative but to do so. Auditor's responsibilities for the audSt of the financial staQe• We have been aptx)inted as auditor under section 144 of the Chwities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectivés are to obt&n reasonable a&￿rance about whèther the statements as a whol8 are free from matèri misstatement, whether due to fraud or error, and to i&￿e a Rewrt ofthe Auditors that includes our opinion. Reasonable assurance is a high level ol assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUK) will always detect a materia misstatement when it exists. Misstatements can atise from fraud or etTor and are considered material il, individudly or in the aggregate, they could reasonabty be exp￿￿ to influence the e￿nOMiC d￿lSIonS of users taken on the basis of th8S8 financial statements. Irregularities, including fraud. are instances of non-compliance wilh laws and ￿ulations. We design procedures in Ilne with our responsibilities, OLrtlined above, to detect material misstatements in respecl ol irregularities, including fraud. The extent to which our procedures are capable of detectiThJ iffegulariti* indL*Jing fraud is det￿led beh)w: We g￿ned an understanding of th8 leg￿ and wulatory fram8work 8pplicab18 to the Company and th8 industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, inclLJding Iraud. We discussed with the Directors the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the audit team the identrfied laws and regulations. and remained alert to any indications ol non-compliance. During the audit we focussed on laws and regulations which Cwkl reasonatty be expected to give rise to a material misstat8ment in the financial statements. including, but not lim[t￿l to, th8 Companies Act 20[￿ and UK tax18gislation. Our tests includèd agré8ing thè linÈncid stal8ffl8nt diselosur&% to undety.ng supporting documentation. Our procedures in relation to fraud included twjt were not limited to= inquiies ol management whether they have any knowledge of any actual, suspected or dleged fraud, and discussions amongst the audit team regarding risk ol fraud such as opportunities for fraudulent manipulation of financial statements. We detern11n￿ that the principd risks related to posting manual journal entries to manipulat8 financial p8rform8nc8 and management bias through judg8ments in accourrting estimates. We d80 ddressed the risk of managernent override of intemd controls, including testing journals and èvaluating whether therè was evidence of bias by the directors that represented a risk of material misstatement due to fraud. 50 Reimagining EdLKati Independent Auditor's Report (continuation) Because of the inherent limitations of an audrt. there is a risk that we will not detect all irregulatities, including those leading to a material misststement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is remov￿ from the events and transactions reflected in the financial statements, as we will be less likely to bewme aware of instances of non-compliance. The risk is ￿s0 greater regarding i￿egUlaritieS occurring due to fraud rather than error. as fraud involve5 Intention￿ Conc￿Ment. forgery. collusion. Omi￿on or misrepresentation. A further dwription of our responsibilities for the audit of the statements is located on the Financial Reporting Council's webstte at.. www.fr¢.org.uklauditorsresponsibilities. This description forms part of our auditorfs rewrt. of our report This r8POrt is made solely to the charttable (x>mpany's trustees. as a body. in accordanc8 with Part 4 of the Charitl8s (Accounts and R8POrtsl A￿ulationS 2008. Our audtt work has been undertaken so that W8 might stat8 to the charitable company's trust thos8 matters we are r8quir8d lo slate lo them in 8n auditorfs reFXXt and for no other purp058. To th8 fu118St extent Permitted by law, w8 do not acc8pt or a&%um8 r8sponsibility to anyone other than the charttable company and the charttable company's trLJSt8es as a body, lor our audtt work. for this report. orfor th8 opinions w8 have form8d. Jane Wills FCA MA Senior Statutory Auditor For and behdf of Haines Watts Chartered Aceounlanls Statutory Auditors Aissela 46 High Slr88t Esher Surrey K[10 9QY 30 June 2022 Haines Watts Chartered Accountants is digible to &t as an aLKlitor in temis of ￿tiOn 1212 of the Companies Act 2006. TCF-UK- Annual Report 2021 51 Statement of Financial Activities (including income and expenditure account) Unrestricted Restricted Furlds Funds 2021 Totd Funds Unrestricted Restricted Funds Funds 2020 Total Fund5 Notes Income tkjnations, Grants & Endowments Other Trading Activrfcies Ilncl. Fundraising Ev&)tsl Income from Investments 1&10 934,814 1.187.884 2.122,698 59,297 62.720 122.017 70 10.476 10,546 870,156 1,419.726 2,289,882 59,679 59,619 266 10,742 10,476 Total Incorne & Endowrnents 994.181 1.261.081 2,255,262 930.101 1,430,202 2,360,303 Expendlture Cost ol Raising Funds Oncl. Fundrasing Events) 1, 2, 8 & 9 241.779 241,779 Expgndrf(ure on Gharf(able Activtties 678,284 1.261.080 1,939,365 219.406 219,406 678,153 1,449,288 2,127,440 Total Expendrfture 920,￿ 1.261.080 2.181.144 897,559 1,449,288 2,346,847 Net GainsllLossesl on Investments 3&5 112,(KM)I 112,(n)I 24,780 24,780 Net IncomelExpenditure & Net Mov￿ent in Funds For The Year 74,118 112.( 62.118 32,542 38,236 R￿on¢ll18tion of Funds Total Funds Brought Forward 191,182 392.521 583.703 158,640 386.827 545,467 Total Funds Canied Fotward 3&12 265.31)) 380.521 645,821 191,182 392,521 583,703 52 Reimagining EdLKati Balance Sheet as at 31 December 2021 2021 2020 Notes Flxad Ass•ts Tangible Assets Investments 1,616 392,521 3.5,11,&13 380.521 382,081 394,137 Current Assets Cash at Bank & in Hand Debtors 12 6&13 193.201 80,659 180,935 17,568 273,860 198.503 CRED￿ORS. Amounts falling due wtthin one year. 7&13 110.1201 18,9371 Net Current Assets 2&3,740 189,566 Net A8set8lLiabililie8 645,821 583,703 R•pr•s•nt•d By: Accumulated Funds Unrestricted Funds Restricted Funds 12&13 3.12&13 265.300 380,521 191,182 392,521 Total Charity Funds 645,821 583,708 The financial ststements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small Companies. Signed on beham of the Board T R Hussain Director I S Dossa Director TCF-UK- Annual Report 2021 53 Statement of Cashflows Unrestricted Restricted Funds Funds 2021 2020 Cash Flow8 from Operating Activrb Net Cash Provided by (Used inl Operating Activities Note A 13,228 110,4761 2,752 11,2311 Cash Flows from Investing Activities: Dividends from Investments Purchase ol Property. Plant & Equipment Bank Interest Received 10,476 10,476 10,476 11,0311 11,3001 70 266 11,0311 70 Net Cash Provided By Iused inl Investing Actwttjes 19611 10,476 9,515 9,442 Cash Flow8 from Financing Actiwtie& Receipt of Endowment Net Cash Provided by (Used inl Financing Activities Change in Cash & Cash Equivalents in the Reporting Peri(xJ Notes8&C Cash & Cash Equivalents at the Beginning of the Repc¥tiThJ Period Notes B & C 12,267 180,934 12,267 8,211 180,934 172,723 Cash & Cash EqUival￿tS at the End of the Rep)rting Period NotesB&C 193.201 0 193,201 180,934 Note A.. Reconciliation of net movement in funds to net cash flow from operating activities. Unrestiicted Restricted Funds Funds 2021 2020 Net Movement in Fund5 for the Reporbng Period (As pèr thè Statsmènt of Finaneial Aetivtl*sl 74,118 112,0001 62,118 38,236 Adjustrnents for.. D8pr8ciation Charg85 Loss/lGainl on Investment Dividends Received Included in Investing Activities Interest Received Included in Investing Activf(ies Ilncreasel/Decrease in Debtors Increas81lD8cr8asel in Credttors 1,089 1,089 795 12,000 12,000 124,7801 110,4761 110.4761 110,4761 1701 12661 163,0901 13,6051 1.182 11,1351 1701 163.0901 1.182 Net Cash Provided by (Used inl Operatlng Aetivrb 13,228 110,4761 2,752 11,2311 2021 2020 Notg 8.. Anatysis of Cash & Cash Equivalgnts Cash in Hand Notice Deposits (Less Than 30 Days) Ov8rdraft Faciltty Repayable on D8marKI 193,201 193,201 180.935 Total Cash & Cash Equivalents 193,201 193.201 180,935 Note C.. And￿S of Changes in Net Debt Cash & Cash Equival8nls at thé B8ginning of thé ReFKXtiThJ Péll"od Change in Cash & Cash Equivalents in the Reporting Pen"c¥J 180,934 12,267 180,934 172,723 12,267 8.212 Cash & Cash Equival￿t$ at the End ol the Rep)rting Petiod 193,201 0 193,201 180,935 Reimagining Education Notes to the Financial Statements ACCOUNTING POLICIES Basis of preparation of Financial Stat8ffl8nts: Th8 financial statem8nts have pr8par8d in accordanc8 with the Accounting and Reporting by Charities: Stal8m8nt of R8commend8d Practic8 applicabl8 to chartties preparing th8ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir8land issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Citizens Foundation (UK) meets the definition of a public benefft enttty under FRS 102. Assets and liabilities are initially ￿09￿iSed al historical cost or transaction vdue unless otherwise stated in the relevant accounting policy notes. Statutory Infomiation The Citizens Foundation (UK) is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the company infomation page. The members ol the company are the Trustees (Directors) named on the company infonnation page. In the event ol the company being wound up, the liability in respect of the guarantee is limited to £10 per member ol the company. Fund Accounting Unrestricted funds are available to spend on activities that furthw any ol the purposes of the charffcy. Restricted funds are donations which the donor has specified are to be used solely for a particular purtx)se. for example to build or support the running costs ol a nominated school or other defined educational putpose. Income Recognition POli￿eS Income is recognised and included in the accounts when ￿1 of the following criteria are met.. . The Charity has entitlement to the funds- . Any performance Conditions have been met- . There is sufficient certainty that the receipt of the income is ￿nSIdered probable.. and . The amount can be measured reliably. Grft Aid: Incom8 includes gift aid outstanding and reC￿Vable from HMRC at the year end. Don8ted Services: Th8 charity benefits greatly from the involvement arKI enthusiastic SUPFX>rt trf tts many volunt8ers, details of which ar8 giv8n in our annual report. In accordanc8 Wrth accounting standards. the ecorK)mic contribution of g8n8ral volLJnt8ers is not m8asured in the accounts. Donat•d Sharès: Donated shares are inrftially recognised at the share price on the date of trdnsfer to the charrty. They are subsequently recognised at fair vdue at the balance sheet date. as detailed in the Fixed Asset Investments accounting policy in Nole111 below. Expendlture Expendrfcure is recognised once the￿ is a kgal ￿ ConstrL￿tIve obligation to make a payment to a third party, it is probable that settlement will be required and the amount ol the obligation can be measured reliably. Expenditure is classified under the following headings.. Cost of raising funds- £241,77912020= £219,406) includes= £ 12,976 of expenditure on fundraising events12020'. £1.71n £182,687 of employment costs12020.' £171.6021- see Note 8 £ 18,371 of rental expenditure12020= £30.0731- see Note 9 E 5,108 of matketing expenditure12020.' £4.1211 £ 22,637 of other expenditure12W20= £11,893) TCF-UK- Annual Report 2021 55 Notes to the Financial Statements (continuation) During th& year, th8 charity received donations of: £7,431 sp8crfied by the donor to defray the chartty's event's expenditure12020.. £01. £55,000 sp8cifi8d by the dorK>rto d8fray the charity's S￿a￿&S ex￿d[luTel202O. e100,rMIoi. . Exp8nditure on Charrtable activiti8s Q1.939,36512020= £2.127,4401 15 comprised of.. Q1,932,165 of school support, build and endowment grants to TCF. n8t ol bank charg8s12020= Q2,121,2611- Q7,200 statutory audit fee12020.. t6,1801 L•asing Commtlmènts The rental payments under operating leases are recogniS￿l on a straight-line basis over the lease tem). Tangible Fixed Assets Al assets costing under t500 a￿ caprtalised in the year of purchase, but are written down to a value of £1. Assets costing more than £500 are caprfÉalised and are depreciated at $3% on the reducing balance basis. Fixed Asset Investments Fixed asset investments consist of= Equity investment in group undertaking.. this rdates to a wholly owned subsidiary. The investment is subsequently measured at cost less impairment. Consolidated accounts have not been p￿pared as the￿ have been no transactions in the wholly owned subsidiary during the periiMJ from incorporation to 31 December 2021. Please refer to note 13 for more detail. . Listed investment.. Investments are valued at their fair value measured using the share price at the balance sheet date. Debtors Trade and other debtors are recognised al the settl￿1 amounL Prepayments are V￿Ued at the amount prepaid after taking account of any trade discounts due. Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably rgsult in the transf8r of fLJnds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognis8d at their settlemerrt amount after dlowing for any trade discounts du8. Pension Costs and other Post-Retirement Beneffts Th8 charity op8rat8s a defined contribution p8nsion scheme. Corrtributions payable to the charity's p8nsion sch8m8 are charged to th8 Statement of Financid Activtties in th8 ￿n{x1 lo which they r8lat8. Going Concern The financial statements have been Prepared on a ￿>Ing concem basis. The Tnjstees have reviewed and considered relevant information, including future cash flows in making th￿r a&sewnent. In particular, in response to the COVID-19 pandemic, the Trustees have tested their cash flow anal￿S to take into account the impact on the charity of possible scenarios brought on by the Impact of COVID-19. alongside the measures that they can tske to mrtigate the impact. 8ased on these assessments, given the measures that could be undertaken to mrtigate the current adverse condrftions. and the current resources available, the Trustees have cortluded that they can continue to adopt the going concem basis in p￿paring the annual ￿port and accounts. Financial Instruments Financial assets measured at f&r value through net i￿OMe/exPendrtUre comprise of listed investments. Fair value is measured using the share price at the balance sheet date. See delails of carying amount and net gain from investment in note 5. Key Source of Estimation. Uncertainty and Judgement The preparation of financial statements in confomiity with gene￿ty accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of asset and liabilities as well as the disclosure of contingent assets and lia￿'11t1es at the b￿anCe sheet date and Ihe retKJrted amounts of income and expenses during the reporting period. 56 Rwma9ining Edu¢ation Notes to the Financial Statements (continuation) Th8r8 is 8slimation unc8rt￿￿fy in calculating depreciation. Whilst 8V8ry attempt is mad8 to 8nsur8 that th8 depr8ciation policy is as accurate as possible, Ih8re rem￿nS risk that th8 policy d(￿S rK)t match th8 useful life of the assets. TRUSTEES EXPENSES & REMUNERATION During the year none of the Trustees received any remuneration. berth in kn.nd or expenses. RESTAICTED FUNDS Restncled funds of E380,521 on the Balance Sheet at 31 DeCeMt￿ 2021 were made up of.. £1 being the share caprtal ol TCF-UK End¢)wment Ltd.. a wholty owr*d subsidiary of the Charty. Notes 5 & 11 provide full details ol this. £380,520 being the value at 31 December 2021 ol quoled shares gifted in 2015 to the Charity from a donor for an endowment fund. The value ol the shares when grfted was £353,100. thjring the year the value of the shares had decreased by £12.0(MJ from £392.520 at 31 December 2020. The shares continue to be hdd by the Chaiity. The dividend income in 2021 has been applied towards the support costs of TCF schools built by that donor. Future dividend income and. potentially. any gains in the value of these shares, shall only be applied towards the supFx)rt costs of existing and future schools buitt by that donor. The yearend value was based on fair value being the closing price on the London Stock Exchange on 31 December 2021 12020= £392,520). TANGIBLE FIXED ASSETS Depr￿latIOn is provided at the following annual rates in order to write off each asset over f(s estimated useful lif8.' otfice equipment- 33% on the r&lu¢ing basis Office Equipment Cost At 01 January 2021 Additions in the year 14,811 1,031 At 31 D￿ernber 2021 15,842 Depreciation At 01 January 2021 Charge for year 13,194 1,088 Al 31 December 2021 14,282 Net Book Value AI 31 D8C8mb8r 2021 1,560 At 310ecember 2020 1,616 TCF-UK- Annual Report 2021 57 Notes to the Financial Statements (continuation) INVESTMENTS Equtty Investment in Group Undertth'ng Listed Investments Total Investments ¢oJt or Valuation At 01 January 2021 Additions Disposas Revaluations 392,520 392,521 112.0001 112,0001 At 31 December 2021 380,520 380,521 Carrying Amount At 31 D8C8mb8r 2021 380,520 380,521 At 31 December 2020 392,520 392,521 DEBTOAS.. Amounts laling due wtthin one year 2021 2020 Other Debtors 80,659 17,568 CREDITORS: Amounts falling due within on8 year 2021 2020 Accruals Total 10,120 8,937 WAGES 2021 2020 Salaries Social Security Costs Pension Contributions 162.783 16.772 3.132 123,100 40,512 7,990 Total 182,687 171,602 Average Number of Employees No employee was paid more than 260,0(K)12020: 01 Total future minimum lease payments under non-cancellable operatiThJ leases are due in each of the following periods.. 58 Rwma9ining Edu¢ation Notes to the Financial Statements (continuation) OPERATING LEASES Total fLrture minimum lease payments under non-cancellable operating leases are due in each of the following periods= 2021 2020 Expiring: Within one year112 month5 lease) L8tgrlhan ono y08r srKI nol L4twthan fv8 ye*$ 17,675 16,764 17,675 16,764 The lotd operating lease expendrture included in Ihe Stalefflent of Financial Activtties is 218,37112020.. E30,0731. 10. RELATED PARTY TRANSACTIONS As in previous years. all the Trustees have made restricted and unrestricted donations to the Charity. the total of these donations in 2021 being £90,65512020.. £128,249). None of the restricted donations require the Gharity to alter signrficantly the nature of its existing activtties. As in previous years. there were no payments made to any trustee and no other related party transactions. 11. TCF-UK ENDOWMENT LT￿ company number. 11705468 Uhe°Endowment Subsidiarfl On 30 November 2018. the ttustees incotporated the Endowment Subsidiary as a wholly owned subsidiary of TCF-UK. The purpose of the Endowm8nl Subsidiary 15 to receive and hold wtthin tt donations ol Incorn￿generating trading assets such as residentid property that could potentialty be grfted in specie to TCF-UK. The Endowment Subsidiary was set up with a share capital of £1 and its three directors are also directors of TCF-UK. The Endowment Subsidiary has been domiant from incorporation to date with no bank a¢co(Jnt. no In￿Me or expenditure and no transactions other than its £1 shar8 captta. The Endowment Subsidiary has th8refore not been consolidat8d in the accounts of The Citizens Foundation IUKI. The investment cost of £1 has been reCord￿j in the accounts as per note 5. 12. ANALYSIS OF MOVEMENT OF UNREsfRICTED AND RESTrICTED FUNDS Balance 1 January 2￿2] Funds 31 December 2021 Income Expenditure Unr88trict8d Funds 191.182 994.181 920,064 265.300 Restricted Funds Endowment Subsidiary Endowment Fund - Received - Net GanllLossl on Investment 392.520 10,476 112,(X)01 10,476 392,520 112,0(X)I Endowment Fund 392,520 -1.524 10,476 380,520 - Other Restricted Funds 1.250,605 1,250,604 Restricted Funds 392,521 1.249.081 1.261,080 380.521 TCF-UK- Annual Report 2021 59 Notes to the Financial Statements (continuation) Balance 1 January 2020 Funds Expenditure 31 December 2020 Income Unrestricted Funds 158.640 930.101 897,559 191,182 Rgstrict8d Funds Endowment Subsidiary Endowm8nt Fund Received N81 Gain on Inv8slm8nt 360.780 10,476 24,780 10,476 360,780 31,740 Endowmént Fund 367,740 35,256 10,476 392,520 - Other Restricted Funds 19.086 1.419,726 1,438,812 Restricted Funds 386,827 1.454.982 1.449,288 392,521 1& ANALYSIS OF NET ASSETS BETWEEN FUNDS 2021 Restricted Funds Investments Restricted Funds Others Unrestricted Funds Total Fixed (Tangible) Assets Investments Cash at bank Other Current Assets/Liabilities 1,560 1,560 380,521 193,201 70,539 380,521 193,201 70,539 Totsl 265.3(X) 380,521 645,821 Total Restricted Funds 380.521 2020 Restricted Funds Investments Restricted Funds Others Unrestricted Funds Total Fixed ￿angIble) Assets Investments Cash at bank Other Current AssetslLiabilities 1.616 1,616 392,521 180,935 8,631 392,521 180.935 8.631 Total 191.182 392,521 583,703 Total Restricted Funds 392,521 60 Reimagining Education 1020 3585 3011 info@tcf-uk.org tcf.uk 48 Charlotte Street, London WIT 2NS | UK Regk%tered Charity No. 1 087864 | Company No. 4075959 Publication ofTCF Annud Report 2021 has been sponsoreLI by a wdl wisher. FInants￿ Statements of this Annual é Report are print￿ on r￿y¢￿d paper.