Inactive
Finances:
Objects:
the trustees shall hold the trust fund and its income upon trust to apply them for:-(1) the advancement of education of the public in particular, but without prejudice to the generality of the foregoing, the education of the public about the various religions which are to be found in a multi-cultural society; (2) the advancement of religion in particular, but without prejudice to the generality of the foregoing, the hindu religion; (3) the relief of suffering and hardship; (4) the provision or assistance in the provision of facilities for recreation or other leisure time occupation in the interests of social welfare in accordance with the recreational charities act 1958; and (5) such charitable purposes as the trustees in their absolute discretion from time to time 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.
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