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The Horse Dealers' Charitable Trust

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Inactive

What does this charity do?

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accumulate

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children widowers

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widows widowers

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compound interest by investing

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investments authorised

Finances:

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Objects:

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 for or towards the relief in cases of need hardship or distress of persons who are or have been horse dealers job masters post masters coach proprietors livery stable keepers or ridding school proprietors or their widows widowers spouses or children provided that the trustees may at their absolute discretion for the period of twenty-one (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 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

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