Governing document BALMAIN CHARITABLE TRUST
Governing document
It is not the full text of the charity's governing document.
DECLARATION OF TRUST DATED 7TH DECEMBER 1998 AND AS AMENDED BY SUPPLEMENTAL DEED DATED 8TH DECEMBER 1999
Charitable objects
3) 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 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 3A) THE TRUSTEES MAY IN THEIR DISCRETION 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
NOT DEFINED
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.