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Governance statements
From the registered deed. Where this page and the deed differ, the deed governs.
Funds go only to the objects. All income, earnings and property of the trust are applied solely to its aims and objects. Clause 9(vii)
No trustee profits. No profit, dividend or bonus may be paid, directly or indirectly, to any present or past member, and no trustee holds any personal claim on trust property. Trustees receive no remuneration — only reimbursement of out-of-pocket expenses. Clauses 9(vii), 9(xiv)
The trust is irrevocable. Clause 14
On dissolution, nothing returns to the trustees. Remaining assets must pass to another charitable trust, society or institution with similar objects. Clause 16
Service without discrimination. The trust serves rural and urban communities irrespective of caste, creed, religion, language or sex, and its work is not restricted to any particular religion, community, caste or creed. Clauses 4(xvii), 4(lxxvi)
Accounts and audit. Books are maintained at the registered office and audited annually by a Chartered Accountant appointed by the Board; audited accounts are placed before the trustees each year. Funds are held in bank deposits, government bonds or other appropriate securities. Clauses 9(viii), 9(xii), 11
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