Governing document JOHN ERIC BYE TRUST

Charity number: 1139842
Removed charity

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

TRUST DEED DATED 30 MAY 2008

Charitable objects

AS TO THE REMAINING SEVENTY PER CENT (" THE PAPWORTH SHARE") UPON TRUST TO INVEST IT AND TO PROVIDE THE SUM OF ·3000 PER YEAR, FOR THE PERIOD OF 80 YEARS ("THE TRUST PERIOD") OUT OF THE INCOME OR CAPITAL OF THE PAPWORTH SHARE TO PAPWORTH FOR THE PURCHASE OF USEFUL EQUIPMENT TO ASSIST THE SURGEONS IN THEIR WORK PROVIDED THAT THE HOSPITAL REMAINS A SPECIALIST HEART/CARDIAC HOSPITAL OPERATING ON ITS PRESENT SITE AT PAPWORTH ARID IF IT SHOULD PERMANENTLY LEAVE ITS PRESENT SITE AT PAPWORTH OR IF THE SITE IS SOLD OR IF THE SITE IS NOT USED FOR A PERIOD EXCEEDING FIVE YEARS AS A SPECIALIST HEART/CARDIAC HOSPITAL THEN THE ACCUMULATED INCOME AND CAPITAL OF THE FUND SHALL PASS TO THE BHF ABSOLUTELY. IF THE SPECIALIST HEART/CARDIAC HOSPITAL SHALL TEMPORARILY CEASE TO OPERATE FROM ITS PRESENT SITE THEN THE ANNUAL PAYMENT SHALL BE PAID TO THE BHF FOR THIS TEMPORARY PERIOD. AT THE END OF THE TRUST PERIOD ANY REMAINING CAPITAL OR ACCUMULATED INCOME OF THE PAPWORTH SHARE SHALL PASS TO PAPWORTH FOR THE PURCHASE OF USEFUL EQUIPMENT TO ASSIST SURGEONS IN THEIR WORK PROVIDED THAT THE HOSPITAL IS AT THAT TIME A SPECIALIST HEARTCARDIAC HOSPITAL OPERATING ON ITS PRESENT SITE AT PAPWORTH BUT IF NOT THEN ACCUMULATED INCOME AND CAPITAL OF THE PAPWORTH SHARE SHALL PASS TO THE BHF ABSOLUTELY. PROVIDED FURTHER THAT AT ANY TIME THE TRUST OF THE PAPWORTH SHARE CAN BE TERMINATED WITH THE AGREEMENT OF BOTH PAPWORTH AND BHF ON ANY TERMS AND IN ANY PROPORTIONS, AGREED BETWEEN THEM.

Area of benefit

The area the charity can operate in, as set out in its governing document.

PAPWORTH


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