Cunningsburgh Public Hall Trust

Constitutional objectives

The objects of the Trust shall be varied to the extent that the Trust is established for such purposes as are exclusively charitable in law (as defined by section 505 of the Income and Corporation Taxes Act 1988 or any subsequent re-enactment thereof) and in particular but not exclusively the following: to promote the benefit of the inhabitants of Cunningsburgh and its environs without distinction of sex, sexuality, political, religious or other opinions by associating the local statutory authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities, or assist in the provision of facilities, in the interest of social welfare for recreation and other leisure-time occupation so that their conditions of life may be improved. And the Trustees shall hold the Trust Fund at their sole discretion to make grants, loans or payments out of the income or capital of the Trust Fund for these objects or any of them or for such other purpose or purposes charitable in law as the Trustees shall from time to time determine: Declaring that such grants or loans may be made on such terms and subject to such conditions as the Trustees may think fit and in the case of loans with or without security and upon such terms as to interest, if any, and repayment as the Trustees in their sole discretion think proper. Declaring further that no act of the Trustees shall be deemed to be ultra vires by reason only that persons who are not inhabitants of the District of Cunningsburgh may or will benefit indirectly by such act. VHIRD) SURPLUS INCOME Any income of the Trust Fund not expended in any year up to the twenty-first anniversary of the final date of signing of these presents may at the discretion of the Trustees be accumulated as the Trustees may determine but with power to resort thereto in future years.