The Sola Trust

Facts, figures and similar charities

What does this charity do?

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accumulate

compound interest by investing

Finances:

Objects:

the trustees shall hold the capital and income of the trust fund upon trust to apply the income and all and all or such part or parts of the capital for for or towards the following charitable purpose and to make grants to such charitable institution or institutions or otherwise as fall within such purposes 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 for the period of twenty-one years from the date of this deed instead of 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 and the resulting income in any of the authorised investments and hold the same as an accretion to and as 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 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 namely:- [a] the relief of poverty, and [b] the advancement of the christian faith.

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