Governing document IAN M FOULERTON CHARITABLE TRUST
Governing document
It is not the full text of the charity's governing document.
WILL PROVED ON 19/12/2013
Charitable objects
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 OR TIMES AND IN SUCH MANNER TO OR FOR THE BENEFIT OF SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT OR TOWARDS: (A) THE PRESERVATION CONSERVATION PROTECTION AND RESTORATION FOR THE PUBLIC BENEFIT OF ANY BUILDING OR BUILDINGS OF HISTORIC ARCHITECTURAL OR ARTISTIC OR SCIENTIFIC INTEREST AND IMPORTANCE INCLUDING ANY ANCILLARY LAND AND BUILDINGS WHICH ARE VESTED IN OTHERS OR IN RESPECT OF WHICH THE TRUST SHALL HAVE ANY INTEREST OR WHICH SHALL OR MAY AT ANY TIME BE VESTED IN THE TRUST, (B) THE PRESERVATION PROTECTION CONSERVATION AND RESTORATION FOR THE PUBLIC BENEFIT OF ALL FURNITURE PICTURES HISTORIC RECORDS BOOKS MANUSCRIPTS MUNIMENTS ARMOUR PORCELAIN SILVER AND GOLD OBJECTS D'ART AND OTHER ITEMS OF HISTORIC ARTISTIC OR SCIENTIFIC INTEREST ASSOCIATED WITH OR DISPLAYED IN ANY SUCH BUILDING OR BUILDINGS, (C) THE ADVANCEMENT OF THE EDUCATION OF THE PUBLIC IN BUILDINGS AND ANCILLARY LAND AND ITEMS OF HISTORIC ARCHITECTURAL ARTISTIC OR SCIENTIFIC INTEREST THROUGH THE CREATION MAINTENANCE AND FUNDING OF GRANTS BURSARIES SCHOLARSHIPS AND PRIZES FOR EDUCATIONAL AND RESEARCH PURPOSES AND TO INCREASE THE PUBLIC'S KNOWLEDGE APPRECIATION AND ENJOYMENT OF SUCH BUILDINGS LAND AND ITEMS. (2) THE TRUSTEES MAY IN THEIR DISCRETION FOR THE PERIOD OF 21 YEARS FROM THE DATE OF MY DEATH INSTEAD OF APPLYING THE INCOME OF THE TRUST IN ANY YEAR ACCUMULATE ALL OR ANY PART OF SUCH INCOME 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 TRUST WITHOUT PREJUDICE TO THEIR RIGHT TO APPLY THE WHOLE OR ANY PART OF SUCH ACCUMULATED INCOME ANY SUBSEQUENT YEAR AS IF THE SAME WERE INCOME OF THE TRUST ARISING IN THE THEN CURRENT YEAR.
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