Governing document THE MCDERMOTT SISTERS MEMORIAL TRUST
![](/o/charity-details-web/images/success.png)
Governing document
It is not the full text of the charity's governing document.
SCHEDULE 1 OF THE WILL OF MARGARET SHANAHAN DATED 7 DECEMBER 1994 PROVED AT BIRMINGHAM PROBATE REGISTRY ON 26 MARCH 2001 AND THE WILL OF CATHERINE BALL DATED 7 DECEMBER 1994 PROVED AT THE BIRMINGHAM PROBATE REGISTRY ON 5 SEPTEMBER 2001.
Charitable objects
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE CHARITABLE TRUST FUND UPON TRUST TO APPLY THE INCOME AND ALL OR SUCH PART OF THE CAPITAL FOR OR TOWARDS THE FOLLOWING IN SUCH PROPORTIONS AS MAY BE COMMENSURATE WITH THEIR REASONABLE REQUIREMENTS, SUCH DISCRETION BEING THAT OF MY TRUSTEES WHO SHALL NOT HAVE TO JUSTIFY THEIR DECISION: (A) THE BENEFIT OF THE STARVING CHILDREN OF THE WORLD (B) THE BENEFIT OF SUCH CHARITABLE PURPOSES OR THE MAKING OF DONATIONS TO SUCH CHARITABLE INSTITUTION OR INSTITUTIONS AT UCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT PROVIDED THAT THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION FOR THE PERIOD OF 21 YEARS FROM THE DATE OF MY DEATH INSTEAD OF APPLYING THE INCOME IN ANY YEAR ACCUMULATE ALL OR ANY PART OF SUCH INCOME AT COMPOUND INTEREST BY INVESTING THE SAME AND THE RESULTING INCOME IN ANY INVESTMENT AUTHORISED BY MY WILL OR BY LAW AND HOLD THE SAME AS AN ACCRETION TO AND AS PART OF THE CAPITAL WITHOUT PREJUDICE TO THEIR RIGHT TO APPLY THE WHOLE OR ANY PART OF SUCH ACCUMULATED INCOME IN ANY SUBSEQUENT YEAR AS IF THE SAME WERE INCOME ARISING IN THE THEN CURRENT YEAR.
Area of benefit
NATIONAL AND OVERSEAS.
Tell us whether you accept cookies
We use cookies to collect information about how you use the Charity Commission Register of Charities and Digital Services, such as pages you visit.
We use this information to better understand how you use our website so that we can improve your user experience and present more relevant content.