The Plowright Charitable Trust

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payment or application or appropriation of the trust fund

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hereof accumulate

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capitalising

Finances:

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Objects:

the trustees shall stand possessed of the trust fund and the income thereof upon trust to pay apply or appropriate the income and the whole or any part or parts of the capital thereof at any time or from time to time generally for such purposes or objects which are from time to time recognised as exclusively charitable according to the law of england and wales as the trustees in their absolute discretion think fit and the time and manner of such payment or application or appropriation of the trust fund and the income thereof shall be at the absolute discretion of the trustees provided always that the trustees may during the period of 21 years from the date hereof accumulate any part of the income by capitalising it as an accretion to and part of the trust fund.

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