Governing document BRIAN W H HICKS MEMORIAL CHARITABLE TRUST
Governing document
It is not the full text of the charity's governing document.
TRUST DEED DATED 1ST JANUARY 1999
Charitable objects
THE SPECIFIC OBJECTS OF THE CHARITY ARE THE PROMOTION OF THE MUSICAL EDUCATION AND TRAINING OF YOUNG MEMBERS OF THE GENERAL PUBLIC IN PARTICULAR IN THE ART OF BRASS BANDING AND IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING:- (A) THE INCREASE OF THEIR KNOWLEDGE UNDERSTANDING APPRECIATION AND PERFORMANCE TECHNIQUES IN THE PLAYING OF BRASS INSTRUMENTS (B) THE PROMOTION OF THE STUDY AND APPRECIATION OF THE HISTORY AND DEVELOPMENT OF THE BRASS BAND MOVEMENT (C) INFORMATION OF THE STUDY APPRECIATION AND DEVELOPMENT OF PRACTICAL TECHNIQUES IN ALL ASPECTS OF BRASS BANDING (D) THE PROVISION OF FINANCIAL ASSISTANCE TOWARDS THE SETTING UP MAINTENANCE AND DEVELOPMENT OF INSTRUCTIONAL COURSES AND SCHOOLS (E) THE CREATION OF SCHOLARSHIPS, BURSARIES, GRANTS OR PRIZES TO BE AWARDED TO YOUNG PERSONS WHOSE INTERESTS AND ABILITIES INDICATE THAT THEIR MUSICAL EDUCATION WOULD BENEFIT THEREFROM 1. THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PARTS OF THE CAPITAL,AT SUCH TIME OR TIMES AND IN SUCH MANNER TO OR FOR THE BENEFIT OF SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT 2. THE TRUSTEES MAY IN THEIR DISCRETION, FOR THE PERIOD OF 21 YEARS FROM THE DATE OF THIS DEED, INSTEAD OF APPLYING THE INCOME OF THE CHARITY IN ANY YEAR, ACCUMULATE ALL OR ANY PART OF SUCH INCOME AT COMPOUND INTEREST BY INVESTING THE SAME, AND THE RESULTING INCOME, IN ANY OF THE AUTHORISED INVESTMENTS AND HOLD THE SAME AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE CHARITY 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 OF THE CHARITY ARISING IN THE THEN CURRENT YEAR.
Area of benefit
WORLDWIDE
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