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Financial & Accounts

 

Bank Account

All money received by the Trustees shall be deposited in the name of "ALPIAL WELFARE TRUST" with any schedule Bank of Pakistan. Authorized staff may keep a sum not exceeding Rs. 10,000/- to meet day-to-day expenses.

The Bank account of the Trust shall be operated by any two out of three treasurers jointly as approved by Board of Trustees.

 

Trust Funding

 

Funds of the Trust shall comprise of the following:

  • Initial contribution of Rs. 60,000/- or more by the Trustee.
  • Initial contribution of Rs. 6000/- or more by the Executive Body Member.
  • Trust will seek funds for its activities from the following sources.
    • Donations by institutions, banks or individuals.
    • Income generating activities.
    • Investment of its assets.

 

Application of Trust Fund

 

All funds or any part thereof solely be utilized by the Trustee for the purpose of promoting the objects of the Trust and no portions thereof shall be transferred directly or indirectly by way of dividend, bonus or profit to any of the Trustees.

Trust Funds may be utilized for any purpose which will further the objects of the Trust.


 

 

 

  • Alpial Welfare Trust
  • Alpial Welfare Trust
  • Alpial Welfare Trust
  • Alpial Welfare Trust
  • Alpial Welfare Trust
  • Alpial Welfare Trust
  • Alpial Welfare Trust
  • Alpial Welfare Trust