Charitable objects
THE TRUSTEES SHALL APPLY THE CLEAR YEARLY INCOME EITHER BY WAY OF INSURANCE OF OTHERWISE IN OR TOWARDS DEFRAYING THE COST OF REPLACING THE NETS AND FISHING GEAT LOST AT SEA SUCH DESERVING AND NECESSITOUS FISHERMEN BONA-FIDE RESIDENT IN THE PARISH OF FILEY THE TRUSTEES MAY SELECT FOR THE PURPOSE; PROVIDED THAT IF IN ANY YEAR THE TRUSTEES OF OPINION THAT THE WHOLE OR PART OF THE INCOME CANNOT USEFULLY BE APPLIED AS SAID THEY MAY ACCUMULATE THE SAME APPLICATION IN ANY FUTURE YEAR OR YEARS.