Governing document THE JPS PHILLIPS FAMILY CHARITABLE TRUST
Charity number: 1106539
Charity reporting is overdue by 141 days
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.
DECLARATION OF TRUST DATED 24 JUNE 2003.
Charitable objects
THE TRUSTEES SHALL HOLD THE TRUST FUND AND THE INCOME UPON TRUST TO APPLY THE INCOME AND SUCH PART OF THE CAPITAL AS THE TRUSTEES THINK FIT FOR SUCH CHARITABLE PURPOSES AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION FROM TIME TO TIME THINK FIT PROVIDED THAT THE TRUSTEES MAY AT THEIR ABSOLUTE DISCRETION FOR THE PERIOD OF TWENTY ONE 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 END 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.
