Governing document THE CHRISTOPHER TOWER COLLECTION
Charity number: 1126077
Charity reporting is up to date (on time)
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 6 OCTOBER 2006
Charitable objects
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE
INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER
AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT FOR THE FOLLOWING OBJECTS (THE
'OBJECTS'):
(A) TO PRESERVE AND DISPLAY FOR THE BENEFIT OF THE GENERAL PUBLIC WORKS OF ART AND OTHER
ITEMS THAT ARE OF ARTISTIC, HISTORICAL OR SOCIOLOGICAL INTEREST, INCLUDING IN PARTICULAR SUCH
OF THOSE ITEMS THAT ARE SPECIFIED IN THE SECOND SCHEDULE AS MAY BE ADDED TO THE
TRUST FUND (ALL SUCH ITEMS SHALL BE REFERRED TO IN THIS CLAUSE AS THE 'COLLECTION');
(B) TO ORGANISE THE PROVISION OF PUBLIC ACCESS TO THE COLLECTION AND TO ENCOURAGE AND
ASSIST SUCH PUBLIC ACCESS; AND
(C) TO ADVANCE THE EDUCATION OF THE PUBLIC, PARTICULARLY BY PROMOTING THE STUDY OF THE
COLLECTION BY THE PUBLIC AND ENCOURAGING THE INCREASE OF THEIR UNDERSTANDING AND
APPRECIATION OF MATTERS OF HISTORIC, ARTISTIC AND SOCIOLOGICAL INTEREST CONNECTED WITH
THE COLLECTION.
3.2 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
INVESTMENTS AUTHORISED BY THIS DEED OR BY LAW 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
The area the charity can operate in, as set out in its governing document.
