Governing document WJB CHILTERN CHARITABLE TRUST
Governing document
It is not the full text of the charity's governing document.
TRUST DEED DATED 4TH DECEMBER 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, AT SUCH TIME TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT FOR OR TOWARDS THE PROVISION OF FINANCIAL ASSISTANCE TO THE PARTNERS AND EMPLOYEES AND THE FORMER AND RETIRED PARTNERS AND EMPLOYEES OF WJB CHILTERN GROUP PLC AND OF ITS SUBSIDIARY AND ASSOCIATED COMPANIES AND OF THE ACCOUNTANCY PRACTICE MRI MOORES ROWLAND OR SUCH OTHER COMPANY OR COMPANIES OR FIRM OR FIRMS AS MAY HAVE SUCCEEDED TO OR BE CARRYING ON THEIR BUSINESS OR PRACTICE AND THE RESPECTIVE FAMILIES, RELATIVES AND DEPENDANTS OF SUCH PERSONS AS ARE IN FINANCIAL NEED OR ARE SUFFERING FINANCIAL HARDSHIP AND/OR FOR THE BENEFIT OF SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR ABSOLUTE 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 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
WORLDWIDE
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