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William And Edith Oldham Charitable Trust

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What does this charity do?

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accumulate

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accretion

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compound interest by investing

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authorised investments

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prejudice to their right

Finances:

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Objects:

for or towards such charitable purposes and to make donations to such of the following charitable institutions or individuals 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 the period of twenty-one 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 and the said charitable objects purposes and institutions shall include (1)the promotion of education in the maidstone area generally and in particular the provision of financial assistance towards the maintenance and development of the following schools and the creation of scholarships or bursaries or prizes and financial assistance generally to be awarded to individual students attending the said schools:- (1)maidstone grammar school for girls, buckland road, maidstone (11)maidstone grammar school, barton road, maidstone (111)the astor of hever school, oakwood park, maidstone (1v)west borough junior school, tonbridge road (2)the provision of financial assistance towards the maintenance and development of wadham college oxford and the creation of scholarships or bursaries or prizes and financial assistance generally to be awarded to individual students attending the said wadham college oxford. (3)the community and individual inhabitants of the parishes of barming and teston and particularly for the public benefit of:- (1)the poorer inhabitants of the said parishes (11)any residents within the said parishes aspiring to a university education or training for employment. (111)the provision of new and maintenance of existing community and religious facilities in the said parishes including libraries schools village halls sports and leisure facilities and medical centres (1v)the founding and support of local organisations which exist for charitable purposes. (4)the promotion and development of the study of the archaeology and history of the historic county of kent and of places and people within the historic county of kent. (5)the acquisition conservation research and study for the public benefit of furniture pictures books muniments armour porcelain objets d'art and other chattels or items of local or national historic artistic or scientific interest associated with or displayed in the maidstone museum and art gallery and such other museums in the historic county of kent (6)the preservation protection and improvement for the public benefit of historic buildings churches and graveyards in the historic county of kent and in particular the parish church and graveyard of st. margarets barming.

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