Governing document THE MAGNA CARTA TRUST FOR SALISBURY CATHEDRAL
Charity Number: 1081379
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.
DECLARATION OF TRUST DATED 17 MAY 2000.
Charitable objects
1) THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PARTS OF THE CAPITAL, AT SUCH TIMES, IN SUCH MANNER, AND SUBJECT TO SUCH RESTRICTIONS (IF ANY) , AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT FOR OR TOWARDS THE ADVANCEMENT OF RELIGION AND EDUCATION FOR THE PUBLIC BENEFIT IN PARTICULAR (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING) IN SO FAR AS THE SAME SHALL RELATE TO SALISBURY CATHEDRAL AND ITS ENVIRONS.
2) THE TRUSTEES MAY, IN THEIR DISCRETION, FOR A 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 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.
