Ruth Smart Foundation

TO APPLY THE INCOME AND ALL OR SUCH PART OR PARTS OF THE CAPITAL FOR OR TOWARDS SUCH CHARITABLE PURPOSES FOR THE RELIEF OF THE SUFFERING OF ANIMALS OF ANY SPECIES WHO ARE IN NEED OF CARE AND ATTENTION AND TOWARDS THE MAINTENANCE OF REFUGES RESCUE HOMES ANIMAL HOSPITALS SANCTUARIES AND OTHER FACILITIES FOR THE RECEPTION AND CARE OF UNWANTED ANIMALS AND THE TREATMENT OF SICK OR ILL TREATED ANIMALS AND TO MAKE DONATIONS TO SUCH CHARITABLE INSTITUTION OR INSTITUTIONS WHOSE PURPOSES INCLUDE ANY OF THE FOREGOING PURPOSES AT SUCH TIME OR TIMES AND IN SUCH MANNER AS MY TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT PROVIDED THAT MY TRUSTEES MAY AT THEIR ABSOLUTE DISCRETION FOR A PERIOD OF 21 YEARS FROM THE DATE OF MY DEATH INSTEAD OF APPLYING THE INCOME OF THE TRUST FUND IN ANY YEAR ACCUMULATE ALL OR ANY PART OF SUCH INCOME AT COMPOUND INTEREST BY INVESTING THE SAME AND THE RESULTING INCOME IN ANY AUTHORISED INVESTMENT AND HOLD THE SAME AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE TRUST FUND 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 TRUST FUND ARISING IN THE THEN CURRENT YEAR.