Governing document THE MOLLY FORSTER CHARITABLE TRUST

Charity Number: 1082934
Removed charity

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.

TRUST DEED DATED 24 APRIL 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 PART OR PARTS OF THE CAPITAL FOR SUCH PURPOSES AS ARE CHARITABLE AND IN PARTICULAR FOR OR TOWARDS EDUCATIONAL ACADEMIC OR SCHOLARSHIP PURPOSES OF WHATSOEVER NATURE AND FOR THE PROVISION OF ASSISTANCE OR BENEFIT TO CHILDREN OR THEIR NEEDS WHETHER OF A FINANCIAL MEDICAL OR OTHERWISE SUPPORTIVE NATURE IN SUCH MANNER AND AS SUCH TIMES AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT. 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 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

The area the charity can operate in, as set out in its governing document.

NOT DEFINED.


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