New Annual Report

8/3/2019 New Annual Report

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Annual Report 2011


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Introduction of Shahzaman

Foundation

The Foundation

Mission Statement

Vision Statement

Success Stories

Members of Shahzaman Foundation Chairman

CEO

Management

Program

Construction of Schools Establishment of libraries

Establishment of computer lab

Wellness clinic for women & Children

Women empowerment

Teachers training\capacity building

Scholarship for Scholars

Financial Statements

Income Statements

Balance Sheets

Cash Flow Statement

Statement of Changes in Equity

Notes to the financial Statements

Future Endeavors of Shahzaman to lighten

Pakistan


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Introduction ofShahzamanFoundation


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The FoundationShahzaman foundation (SZF) is a not- for profit organization charity outfit

established in Azad Jammu & Kashmir and formally set in 2006. The foundation

is headed by Lt.Col ( R) Abdul Rashid


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Mission StatementQuality education for the less privileged & destitute

VisionTo survive in the global village today, we in Pakistan must have mature attitude

through contemporary modern education blended with our cultural ethos and

traditions


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Chairman ViewsShah Zaman Foundation

(SZF) was formally set up in

July 2006. However, SZF

awarded its first scholarship

in April 2000. In other

words SZF was active in

practice much before it

existed on paper.

When we started in the year

2000 our objective was to

assist under privileged

bright students to acquirequality high education. Roughly a 100 scholars and ten years later it

remains the same. However, we have expanded our efforts to

include women's health, in the hope that healthy mothers will foster

healthy kids.

To date SZF has assisted and is in the process of assisting over a 100

students. It is not a big number. But it is bigger than zero and that is

what counts with us.

Graduates of SZF scholarship program are today productive citizens

of Pakistan, working for organizations like National Bank of

Pakistan, ABB, Nestle, AJK University and Quilliam Foundation in UK

after completing their MBA, BSc Electrical Engineering, Masters in

Food Technology, and Masters in Anthropology respectively.


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These and other graduates in turn are financing other SZF scholars.Scholars have become donors. This is a welcome recent

development and gives us hope that SZF scholar numbers will

increase over time. We pray that irrespective of their numbers, ourscholars lead an honorable life of significance giving back to society

gracefully and with humility

Col(r) Abdul Rashid

President

Shahzaman Foundation


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Hierarchy in Shahzamanfoundation


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Success Stories

President

Directorprogram

ProgramManager

Field StaffProgram

Coordinator

DirectorFinance

ManagerFinance

CEO


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Following scholars have entered their practical lives, after achieving

their respective immediate academic targets:

Javed Iqbal: Masters in Food Technology from Agri UniversityFaisalabad. After working with Pepsi International at Hattar,

Islamabad, for over 2 years, he is now working with Nestle Dubai in

their food laboratory since nearly a year.

Muhammad Shabir Khan: Acquired the bachelors degree in

Electronics Engineering from NUST Campus of Pakistan NavyEngineering College, Karachi. After doing his internship in Mobilink

he joined ABB, a German company dealing with heavy electronics

and is holding their fort in Lahore office.

Miss Sira Kiyani. Acquired the degree of MBBS from Ayub Medical

College. She got married after serving an NGO in Muzaffarabad forabout a year and immigrated to UK and is working there. Her

husband is also MBBS and is working in UK.

Imran Khan after doing MA in English from Government College

University (GCU) Lahore, he did his masters in Anthropology from

Quaid I Azam University (QAU). During his stint in GCU, he worked

in editorial staff of Daily Times Lahore and in International

Committee of Red Cross (ICRC) Islamabad while in QAU, during the

evenings. He has now been taken in UK based NGO, Quilliam

Foundation as Project Officer Global Affair Unit in London.


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Muhammad Salim Khan, Mughal. After completing his MSc ingeology from AJK University he joined Shan Minerals, a private

company, as an Assistant Manager in Chagi area of Baluchistan. He

worked there in the most rugged conditions for over two years andswitched over to AJK University as a lecturer in geology in 2010. He

feels his passion has been achieved, unless future tells him it was his

illusion.

Shakil Ahmed Katal. He did his Textile Engineering degree from

Faisalabad University and is working as Assistant Spinning Manager

in a textile mill near Patokey in Punjab.

Hasrat Aziz. After doing his BSc he has been employed as a

Laboratory Assistant in Karachi.

Khush Bakht Khan. After passing her MBA from Gift University

Gujaranwala, she has been taken, through a countrywide

competition, as Officer Grade 2/MTO in National Bank of Pakistan.

After passing out from NBP Staff College she is now working in an

NBP branch in Taxila.


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Donations by the scholarsAmounts given against each scholar are to date.

Name of the Scholars Amount (PKR)

M Shabir Khan Rs 30,000

Imran Khan Rs 25,000

M Saleem Mughal Rs 12,000

Khush Bakht Khan Rs 30,000

Total Rs 97,000


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Programs


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Construction of School byShahzaman FoundationThe Foundation undertakes running of English Medium primary and

middle schools in backward areas of Pakistan. The areas being

financially downtrodden in most cases, the Foundation has to

subsidies running of these institutions. We are successfully running

the following schools.

1.Daanish Public School Forward Kahuta

This school has classes up to 6th and around 100 students

studying in this school. School provides the student book,

notes book, stationary and also provides the uniforms to the

students


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2.Daanish Public School KalaliDaanish Public School Kalali at a distance of around 5

kilometers from Forward Kahuta. Classes up to 6th and around

100 students

3.Daanish Public School Chanjal

Daanish Public School Chanjal, at a distance of around 7 kilometers

from Forward Kahuta, in another direction. This school has around

150 students and is up to 8th class. The building of this school was

also constructed by our Foundation at an expense shown in our

statement of accounts, in Profile Scholars, section

4.Daanish Public School, Hoter

Daanish Public School, Hoter at a distance of about 5 kilometers

from Chanjal School. The profile of this school is identical to serial 1

and 2 above

5.Shahzaman foundation made the citizens foundation school


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2. Shahzaman Foundation Inaugurated New Library

Foundation has set up a new public library in Dhamial, Rawalpindi.

The library has more than 200+ books, and also the computers for

the enhancement of the knowledge of the people. The library is

located at 17, Lane 2 Quaid e Azam Colony, Dhamial Road

Rawalpindi, Punjab, Pakistan.


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Wellness clinic for womenThe wellness clinic is located at 17, Lane 2 Quaid e Azam Colony,

Dhamial Road Rawalpindi, Punjab, Pakistan. The clinic will operate

for three days, in the afternoons, for three hours daily. A lady

doctor attends approximately a total of 30 women and children in

one session. Where she do medical examination and refer to various

hospitals/ clinics. A blood test lab has also been established where

the blood and urine picture of the visiting women and children is

done. Then ECG and BP and clinical exam of the women for breast

cancer checkup are also done. Those diagnosed with diseases are

referred to different hospitals, while others are advised as required.

No medicines are provided, only a prescription is given. No money

is charged for anything.

Staff: One lady doctor, one nurse, one receptionist, one computer

teacher and one maid. A computer lab has also been set up, initially

with only four computers, where girls of the neighborhood are

taught computer literacy.


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Women empowermentTook up women empowerment in the start of 1st January,2011, to

begin with focus was on health issues. The teachers (mostly women)

of Chanjal and Kalali schools carried out a survey of their respective

areas and interviewed 190 women, 150 by Chanjal teachers and 40

by Kalali. Generally it was anemia, stomach problems, weakness etc.

SZF provided the following packs for each individual: 1.

Multivitamin 150 tablets, 5 tablets daily for 30 days 2. Vitamin C 300

tablets, 10 tablets dissolved in water, empty stomach daily for 30

days. 3. Iron tablets 60 tablets, 2 tablets daily with food for 30 days

4. Calcium tablets 60 tablets, 1 tablet daily with food for 60 days 5.

Cod Liver Oil tablets. 60 tablets, 1 tablet with food for 60 days 33

individuals had stomach problems. For each individual one pack was

added with 60 tablets of Folic acid, one tablet 2 hours after food foras long as the problem persists. Stop when no problem and take

only when needed. 7 individuals had asthma for which one inhaler

was added in their pack.

More initiative is being taken for women empowerment to bring

them in the mainstream which includes;

Capacity Building

Skills Training

Encouraging home based industry


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Career CounsellingShahzaman Foundation also provides career counseling to students,

but not limited to those whose education is funded by the

foundation. During the last ten years, many scholars have received

career Counseling from Col (r) Abdul Rashid, Daanish Mustafa and

Zaigham Khattab.

Javed Iqbal, Shabir Khan, Saleem Mughal, Khush Bakht, Shakil Katil

and Imran Khan are a few examples. Javed is currently working for

Nestle in Dubai, Shabir is working for ABB, a multinational

company, in Lahore, Saleem is a lecturer of Geology at AJK

University, Khush Bakht is working for State Bank of Pakistan, Shakil

is a textile engineer and Imran is working for a London-based think


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Teachers TrainingShahzaman Foundation also organizes training workshops for

teachers, helping them to acquire skills needed to teach students. In

the beginning of 2010, the foundation organized training for

teachers working at four schools of Shahzaman Foundation in

Forward Kahuta. Two professional teacher trainers, Miss Nergis

Ameer and Miss Shirrin Khan conducted the workshop, which

continued for three days. After the workshop, teachers said that

they had learnt teaching tools and techniques that would make

education more interesting and fun for their students. After the

conclusion of workshop, Shahzaman Foundation organized a dinner

for the teachers at the Mini Golf Club, Bahria Town. During the

training, the foundation provided accommodation, food and

travelling expenses to the teachers. Teachers were given certificates.


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Scholar Name1. Javed Iqbal2. M Shabir Khan3. Imran Khan4. Saira5. Neelofar Khan6. Ahmed Munir7. Hamza Nawaz8. Sidhra Nawaz9. Aisha10.Khushbakht11.Billal Haider

12.Muhammad Qasim Baig13.Zaheer Ahmed Khan14.Asfandyar15.Shakil Katal (contact)16.Hamad ur Rahman17.Dania Daud18.Naveed Ahmed Khan19.Balqees20.Obaid Akthar21.M Ali Gilani22.Zeeshan

23.Sohni Farrukh24.Muhammad Arif25.Ishtiaq26.Khalil Awan27.M Tahir Hussain28.Qalsoom MBBS29.Saima Rafiq30.Mehwish31.Sajid Ahmed32.Muhammad Yasir

33.Shahid Naseem

34.Mahvish

35.Bushra

36.Saeeda Farooq

37.Zoon

38.Hamza Nawaz

39.Sadia Maryam

40.Fariha Ali

41.Komal Raja

42.Nazia Anjum43.Roheena


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44.Muhammad Iftikhar


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1. Javed Iqbal

S/o

Muhammad

Iqbal Khan.Date

of Birth: 19

February 1980.

Marks obtained

in

Matriculation: 591/850. In FSc: 709/1100,

In BSc Hon, Food Technology, University

of Agri, Rawalakot: 1967/2750 Passed MSc

(Hons) Food Technology from Institution

of Food Sciences and Technology,

University of Agriculture, Faisalabad,

Marks: CGPA= 3.98/4. Hobbies: Internet

surfing, cricket, reading, cooking, traveling

and hiking. Postal Address: Village

Kangran, Tehsil Havali, Dist Bagh, AK. He

has been employed as Quality Control

Executive in Pepsi Cola International at

Hattar with a salary of Rs 50000= andsome other perks and privileges. After

PEPSI he has joined Nestle in Dubai UAE

with a handsome financial package.

Scholarship amount paid from 2000 up to

30th April 2004: Rs 63575= He was placed

on the scholarship pay roll of the

Foundation during his BSc class. He is the

first scholar of the Foundation who has

entered his practical career. Foundation isproud of his achievement.

1. Muhammad Shabir Khan

S/O

Muhammad

Iqbal Khan. (He

is brother of

Javed, above).

Date of Birth:

01 January 1983.Marks obtained in

Matriculation: 602/850. In FSc:

768/1100He has obtained B.E. Electronics

degree, from Pakistan Navy Engineering

College, NUST. After completing hisinternship of six months with Mobilink, he

was employed by Jubilee Corporation

providing industrial and infrastructure

products and solutions as Application

Engineer after spending a year there he

joined ABB Pvt. Ltd. a multinational

company as Executive Engineer. He has

recently been promoted and has been

posted to Islamabad as Assistant Manager

with an independent office and dedicated

transport.And now acting as the company

chief in Lahore Hobbies: Reading and

hiking. Postal Address: Village Kangran,

Tehsil, Havali, Dist Bagh, AK. He was

placed on scholarship roll of the

Foundation at the start of his BSc class

and had been paid a total of Rs 550000=

till completion of his degree.

2. Imran

Khan

S/O, Muhammad

Sadiq Khan. Date

of Birth: 01 Jan

1985.After passing

his MA in Englishfrom Govt College

University Lahore,

he moved to

Quaid I Azam University Islamabad and is

presently doing his masters in

Anthropology. He also worked, part time,

as Assistant Editor in Daily Times with a

handsome salary for over a year. He has

now joined International Red Cross inIslamabad with a handsome package. He


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has lately been tipped to join Quilium

Foundation in UK. During his Govt College

University stint he had the honour to act

as President Debating Club of the

university. He has also won the trophy ofthe best speaker in a debating tournament

sponsored by Govt College University

Lahore where he represented the debating

team of Quaid I Azam University

Islamabad. Hobbies: Reading, Sports and

internet surfing. Marks in matric, 719/850

and 693/1100 in FSc and 885/1200 in BA.

Future plans; Higher Education in Social

Sciences. He was placed on the

scholarship roll of the Foundation during

his 9th class. Has been pair Rs 235000=

during his education.

3. Muhammad Saleem

S/O Muhammad

Hanif Mughal with

monthly income

of about Rs 5000(He is working as

a mason)Date of

Birth: 14 June

1983. He has

completed MSc

(Hon) Geology in Azad Jammu and

Kashmir University, Muzaffarabad. After

doing internship in Pakistan Mineral

Development Corporation with a salary ofRs 10000= per month for one year he

joined Shan Minerals as a geologist and is

working in Baluchistan with a handsome

package. Marks obtained, in matriculation:

623/850. In FSc: 682/1100. BSc:

689/1000.Scholarship amount paid from

February, 2001 to June, 2007: Rs 136875/=

He was placed on the scholarship pay roll

of the Foundation during his FSc class.

4. Ahmed Munir

S/O Munir Khalid,

monthly =Date

of birth: 12April

1988. Student

class A Level with

English, Urdu,

Maths, Add

Math, Biology,

Physics,

Chemistry,

Pakistan Studies

.andIslamiyat.Institution: St Marys Academy,

Lalazar, Rawalpindi. Hobbies: Reading and

net surfing. Future Plans: wants to become

a neuro surgeon. Scholarship paid from

May 2002 to June 2006, Rs 151400= He

was placed on the scholarship pay roll of

the Foundation at the commencement of

his O level class. He has earned a

scholarship of Rs 5000= per month fromhis academy on the basis of his brilliant

result of O Levels, scoring 8 A grades and

we now pay only the occasional/incidental

fees like exam fees etc. He has also passed

his A level with distinction and is presently

studying MBBS in Rawalpindi Medical

College in 4th year

5. Khush Bakht Khan

D/O Aman Ullah

Khan Date of Birth:

15 December 1984

Marks in Matric: 719

Marks in FSc: 831

Class/Course: MBA

(Finance) in

University,


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Gujaranwala Fathers profession: Employee

POF Wah Skilled Labor .Fees: She has been

paid Rs 142000= till Aug, 2007 since Feb

05.She has obtained second position in

the final exam and has been awardedsilver medal. She has now been employed

in National Bank of Pakistan as an officer

and presently attending staff college

course in Islamabad

6. Shakil Ahmed Katal

S/O, late,

Abdul Razaq,

guardian, elder

brother, a

student,

income, Rs:

2500 through

a property

rent. Date of

birth: 08

August, 1985. Student Textile Engineering

First Year, in Textile Engineering University,

Faisalabad. Institution: Textile Engineering

University, Faisalabad. Hobbies: Reading

and sports. Marks in matric, 673/850 and

750/1100 in FSc. Future plans: Innovative

Engineering. Postal home address: Lower

Plate, near Plate Wali Pulli, P/O Mzd, Mzd.

Scholarship amount paid from March,

2003 to Dec, 2008: Rs 197860. He has

recently been employed as Assistant

Spinning Manager in Resham Textile

Industry near Okara, with a handsome

salary. He was placed on the scholarship

pay roll of the Foundation in 1styear of FSc

7. Bilal Haider

S/O Jehandad, with

monthly income Date of

birth: 16 Dec 1996 Student

class, 4, St Marrys

Acadamy, Lalazar,

Rawalpindi Scholarship

amount paid from October,

2002 to Dec 2009: Rs

74000=.@ Rs 1000= per

month.He was placed on the pay roll of

the Foundation from the start of his

education, at nursery class.

8. Saeeda Farooq

D/o

Muhammad

Farooq, Date of

Birth: 03 March,

1982 She

passed her BA a

year ago and is

serving as a

teacher in a

private school in Rawalakot.Scholarship

amount paid from August, 200 to Aug

2006: Rs 70000= She was placed on the

scholarship pay roll of the Foundation

during her matriculation.

9. ZoonD/o Subedar, Retired Muhammad Anwar

Khan. =Date of birth: 02 August, 1989.

Student Class 2nd year in Dar I Arkam

College, Rawalakot.Marks in Matric:

550/850 Village Dhamni, Rawalakot, AK.

Scholarship amount paid from September,

2000 to date: Rs 131000=She was placed

on the pay roll of the Foundation during

her 6th class


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10.Neelofarr Khan

D/O, Muhammad Sadiq Khan. (Sister of

Imran at serial 2)Date of birth; 25 March,

1989. Student FSc Second Year in Govt

College for Women, MuzaffarabadMarksin matric: 582/850Hobbies: Drawing and

short story writing. Future plans: wants to

become a lady doctor. Scholarship amount

paid from October, 2002 to Sept 2007: Rs

39500= She was placed on the scholarship

pay roll of the Foundation during her 5 th

class. Postal Home Address: Village,

Jalalabad, P/O Domel, Muzaffarabad, AK.

11.Muhammad Saleem Khan

S/O Muhammad Ajmal Khan, Date of Birth:

1st May 1988 Mark in Matriculation:

705/850 Student class: BSc in COMSAT

Institute Islamabad Residential Address:

Dist Bagh, Tehsil Havali, Post Office,

Kahuta, Branch Office, Kangran, AK.


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Financial


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M/S Shahzaman FoundationBalance Sheet As at 28 Feb, 2011M/S Shahzaman Foundation

Feb 28, 2011 June 30, 2010

Notes (Rupees) (Rupees)

NON-CURRENT ASSETS

Operating fixed assets5

6,684,737 7,633,713

CURRENT ASSETS

Cash and bank balances6

58,119 41,499

58,119 41,499

6,742,856 7,675,212

FUND AND RESERVES

Opening Balance7

6,599,237 7,555,790

Accumulated Surplus/(Deficit) b/f 122,369 99,749

6,721,606 7,655,539

LONG TERM LIABILITIES 14 - -

- -

CURRENT LIABILITIES

Creditors, accrued and other liabilities9

21,250 19,673

21,250 19,673

6,742,856 7,675,212

The annexed notes from 1 to 16 form an integral part of these financial statements.

President Finance Director


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Receipt and Expenditure StatementFor the period ended 28 Feb, 2011

Feb 28, 2011 June 30, 2010


Receipts from Projects 10

Hotter 10.A 244,355 266,830

Kalali 10.B 172,000 353,568

Kahuta 10.C 168,000 250,000

Chanjal 10.D 865,542 933,473

Library 10.E 283,500 454,662

Scholars Receipts 10.F 152,300

Charity Receipts 10.G 20,000

1,733,397 2,430,833

Project Cost 11

Hotter 11.A 235,387 270,820

Kalali 11.B 172,000 321,506

Kahuta 11.C 194,306 283,475

Chanjal 11.D 553,520 607,063

Library 11.E 283,500 428,662

Scholarship Expenses12

152,300Charity Expenses 13 20,000

Depreciation Furniture and Computers 5 21,401 24,545

Depreciation Swabi 5 250,664 247,000

1,710,777 2,355,371

Net Surplus/(Deficit) for the period 22,620 75,462

Accumulated Surplus/ (Deficit) brought forward 99,749 24,287

Accumulated profit/ (loss) carry forward 122,369 99,749

The annexed notes from 1 to 16 form an integral part of these financial statements.



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M/S Shahzaman FoundationCash Flow StatementFor the period ended 28 Feb, 2011

Feb 28, 2011 June 30, 2010


CASH FLOW FROM OPERATING ACTIVITIES

Surplus before taxation 22,620 75,462

Adjustment for non-cash transactions

Depreciation 5 421,337 455,090

Operating cash generated before working capital changes 443,957 530,552

Working capital changes:

increase/ (decrease) in current, accrued and other liabilities 9 21,250 19,673

21,250 19,673

Cash generated from/ (used in) operating activities 465,207 550,225

Income tax paid - -

Net cash flow from operating activities A 465,207 550,225

CASH FLOW FROM INVESTING ACTIVITIES

(Increase)/ decrease in fixed assets 5 1,201,889 (956,553)

Net cash flow from investing activities B 1,201,889 (956,553)

CASH FLOW FROM FINANCING ACTIVITIES

Increase/ (decrease) Capital 8 (1,650,476) 438,540

Net cash flow from financing activities C (1,650,476) 438,540

Net increase/ (decrease) in cash and cash equivalent A+B+C 16,620 32,212

Cash and cash equivalents at the beginning of the period 41,499 9,287

Cash and cash equivalents at the end of the period 58,119 41,499

The annexed notes from 1 to 16 from an integral part of these financial statements.



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Notes to the financial StatementsFor the period ended Feb 28, 2011


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1. LEGAL STATUS AND OPERATIONS

1.1 Legal Status

The M/S SHAHZAMAAN FOUNDATION "the Organization"

was registered in Pakistan as a welfare organization

1.2 Activities

The main objective of the organization is to work for the

welfare of the people and other related activities by providing financial

assistant to students. Apart from financial assistance they also carry out

continuous counseling of the scholars and make them carry out extra

study by reading general books on fiction, history, biography etc. they

also make them write resumes of the books they read.

2. STATEMENT OF COMPLIANCE

2.1 These financial statements have been prepared in accordance

with the approved Accounting Standards as applicable in Pakistan and

the requirements of Companies Ordinance, 1984. Approved Accounting

Standards comprise of such International Accounting Standards as

notified under the provisions of the Companies Ordinance 1984.Whenever the requirements of the Companies Ordinance, 1984 or

directive issued by the Securities and Exchange Commission of Pakistan

(SECP) differ with the requirements of these Standards, the requirements

of the Companies Ordinance, 1984 or the requirements of the said

directives takes precedence.


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2.2 Amendments to IAS 1 'Presentation of financial statements-

Capital Disclosures' are mandatory for the Firm's accounting periods

beginning on or after April 1, 2007. It introduces capital disclosure

requirements regarding how the entity manages its capital. Adoption ofthese amendments only impact the format and extent of disclosures as

presented in note 28 to the financial statements. Other new standards,

amendments and interpretations that are mandatory for accounting

periods beginning on or after April 1, 2007 are considered not to be

relevant or have any significant effect to the Firm's operations.

3. ACCOUNTING CONVENTIONS

These financial statements have been prepared under historical

cost convention and on accrual basis of accounting, unless contrary

stated.

4. SIGNIFICANT ACCOUNTING POLICIES

Accounting policies, related judgments, estimates and assumptions

adopted for the preparation of these financial statements are as follows:

4.1 Fixed assets-tangibles

Operating fixed assets are stated at cost less accumulated

depreciation and impairment. Cost includes purchase price and all other

expenses which are directly attributable for bringing the assets to its

intended use, location and condition.


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Depreciation is provided on reducing balance method at the

rates as specified in Note 5 to these financial statements so as to

depreciate the cost of assets over there estimated useful life. No

depreciation is charged in the year of disposal while full year'sdepreciation is charged in the year of purchase. Major renewals and

improvements are capitalized. Maintenance and repairs are charged to

income as when incurred. Gains/ losses on disposal of assets are charged

to current period income.

4.2 Taxation

Provision for taxation if made, is based on the taxable

income for the year at current rates of taxation under the Income Tax

Ordinance, 2001.

4.3 Stocks

Stocks are stated at lower of cost and net realizable value on

weighted average basis. Cost includes purchase price including the

import duties, non-refundable/ adjustable purchase taxes and other

related costs which are directly attributable for bringing the stocks to

their present location and condition.

4.4 Trade debtors

Trade debtors are carried at original invoice/ contract

amount less provision for doubtful debts, if any.

4.5 Revenue recognition


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Revenue is recognized to the extent it is probable that the

future economic benefits will flow to the Firm and can be measured

reliably. Revenue is measured at the fair value of the consideration

received or receivable.

4.6 Cash and cash equivalent

Cash and cash equivalent are carried out in the balance sheet

at fair value. Cash and cash equivalent comprise cash in hand, bank

balance, short term investments and short term running finance under

markup arrangements with the bank.

4.7 Provisions

Provision are recognized when the Firm has a present, legal

or constructive, obligation as a result of a past events and it is probable

that it will result in an outflow of economic benefits for which a reliable

estimate can be made of the amount of the obligation.

4.8 Impairment of assets

The caring amount of assets is reviewed at each balance

sheet date to assess whether they are recorded in excess of theirrecoverable amounts, assets are written down to their recoverable

amounts. Impairment losses are recognized as expense in the profit and

loss account.


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Construction of Primary schools

Water Supply Schemes

Roads/ pavements

Network with other NGOs & Govtline depts. For Alliances.

Adult Literacy

Youth Programmes for guidance& channelization of Youth

Women Empowerment

Capacity Building & Training/

Workshops.

Poverty Alleviation


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PictureGallery.


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Be a SupporterIf anybody wants to be supporter of the Shahzaman foundation it needs

to be the 1st sign the membership form this membership is available on

the Shahzaman foundation website. The membership fee is 1000 per

month.


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ontact for SupportAddress: 1, Hill View Street, Safari Villas, High Court Road, Rawalpindi.

Phone: 051-5509502, Cell: 03008567760

E-mail Address: [email protected]

Documents

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