Gwrthrychau elusennol
3.1 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 FOR THE PUBLIC
BENEFIT, AT SUCH TIME OR TIMES AND IN SUCH MANNER TO, OR FOR THE BENEFIT OF, SUCH
EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES IN THE PARISH OF WALTON AS THE
TRUSTEES MAY IN THEIR DISCRETION THINK FIT AND WITHOUT DETRACTING FROM THE
GENERAL NATURE OF THE CHARITABLE TRUST TOWARDS;
(A) THE MAINTENANCE OF THE PARISH CHURCH;
(B) THE ADVANCEMENT OF THE ANGLICAN RELIGION IN THE PARISH OF WALTON FOR THE
BENEFIT OF THE PUBLIC THROUGH THE HOLDING OF PRAYER MEETINGS, RELIGIOUS
SERVICES, LECTURES, AND THE PUBLIC CELEBRATION OF RELIGIOUS FESTIVALS;
(C) THE SUPPORT OF ANGLICAN CLERGY WORKING WITHIN THE PARISH OF WALTON FOR
ACTING AS SUCH, INCLUDING THE PROVISION OF STIPENDS AND OTHER LIVING
ALLOWANCES, PENSIONS AND RETIREMENT ACCOMMODATION;
(D) THE PROMOTION OF COMMUNITY PARTICIPATION IN HEALTHY RECREATION FOR THE
BENEFIT OF THE INHABITANTS OF THE PARISH OF WALTON BY THE PROVISION OF
FACILITIES FOR THE PLAYING OF SPORTS;
(E) THE PROVISION AND MAINTENANCE OF A VILLAGE HALL FOR THE USE OF THE
INHABITANTS OF THE PARISH OF WALTON WITHOUT DISTINCTION OF POLITICAL,
RELIGIOUS OR OTHER OPINIONS, INCLUDING USE FOR
(I) MEETINGS, LECTURES AND CLASSES; AND
(II) OTHER FORMS OF RECREATION AND LEISURE TIME OCCUPATION, WITH THE
OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE INHABITANTS.
(F)
FOR THE PUBLIC BENEFIT TO PROMOTE THE EDUCATION (INCLUDING SOCIAL AND
PHYSICAL TRAINING) OF PEOPLE UNDER THE AGE OF 25 YEARS IN THE PARISH OF
WALTON IN SUCH WAYS AS THE TRUSTEES THINK FIT, INCLUDING BY;
(I) AWARDING TO SUCH PERSONS SCHOLARSHIPS, MAINTENANCE ALLOWANCES
OR GRANTS TENABLE AT ANY UNIVERSITY, COLLEGE OR INSTITUTION OF HIGHER
OR FURTHER EDUCATION; AND
(II) PROVIDING THEIR EDUCATION (INCLUDING THE STUDY OF MUSIC OR OTHER
ARTS), TO UNDERTAKE TRAVEL IN FURTHERANCE OF THAT EDUCATION OR TO PREPARE FOR ENTRY TO ANY OCCUPATION, TRADE OR PROFESSION ON
LEAVING ANY EDUCATIONAL ESTABLISHMENT
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 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
