Governing document BRIGHTWALTON CE AIDED PRIMARY CHARITABLE TRUST
Governing document
It is not the full text of the charity's governing document.
TRUST DEED DATED 14 DECEMBER 1992
Charitable objects
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND ON TRUST TO APPLY THE INCOME AND ALL SUCH PART OR PARTS OF THE CAPITAL FOR OR TOWARDS THE CHARITABLE PURPOSES OF THE CHARITY AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT PROVIDED THAT THE TRUSTEES MAY AT THEIR ABSOLUTE DISCRETION FOR A PERIOD OF 21 YEARS FROM THE DATE OF THIS TRUST INSTEAD OF APPLYING THE INCOME OF THE TRUST FUND IN ANY ACCUMULATE ALL OR PART OF THE INCOME AT COMPOUND INTEREST BY INVESTING THE SAME AND THE RESULTING INCOME IN ANY OF THE AUTHORISED INVESTMENTS AND HOLD THE SAME AS ACCRETIONS TO AND PART OF THE CAPITAL OF THE TRUST FUND 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 TRUST FUND ARISING IN THE CURRENT YEAR
Area of benefit
NOT DEFINED. IN PRACTICE BRIGHTWALTON, NEWBURY
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