Governing document OCEAN INTERNATIONAL TRUST
Governing document
It is not the full text of the charity's governing document.
TRUST DEED DATED 18/11/96
Charitable objects
SUBECT TO CLAUSE 5 HEREOF THE TRUSTEES SHALL STAND POSSESSED OF THE TRUST FUND AND THE INCOME THEREOF UPON TRUST TO PAY APPLY OR APPROPRIATE THE INCOME AND THE WHOLE OR ANY PART OR PARTS OF THE CAPITAL THEREOF AT ANY TIME OR FROM TIME TO TIME FOR THE FOLLOWING PURPOSES: [A] GENERALLY FOR SUCH PURPOSES OR OBJECTS WHICH ARE FROM TIME TO TIME RECOGNISED AS EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION THINK FIT [B] FOR THE EDUCATION RELIEF OF POVERTY AND HEALTH CARE FOR UKRAINIAN CITIZENS. AND THE TIME AND MANNER OF SUCH PAYMENT OR APPLICATION OR APPROPRIATION OF THE TRUST FUND AND THE INCOME THEREOF SHALL BE IN THE ABSOLUTE DISCRETION OF THE TRUSTEES PROVIDED ALWAYS THAT THE TRUSTEES MAY DURING THE PERIOD OF 21 YEARS FROM THE DATE HEREOF ACCUMULATE ANY PART OF THE INCOME BY CAPITALISING IT AS AN ACCRETION TO AND PART OF THE TRUST FUND
Area of benefit
NOT DEFINED
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