Beis Rochel Community Group

(1) THE RELIEF OF POVERTY AMONGST JEWISH GIRLS AND YOUNG LADIES RESIDING IN THE LONDON BOROUGHS OF HACKNEY AND HARINGEY AND THEIR SURROUNDING AREAS AND THE PROVISION OF EDUCATIONAL CULTURAL LEISURE TIME FACILITIES WITH THE OBJECT OF IMPROVING THE QUALITY OF LIFE OF SUCH PERSONS (2) THE TRUSTEES SHALL HOLD THE TRUST FUND UPON TRUST TO PAY OR APPLY THE INCOME THEREOF AND SUCH PART OR PARTS OF THE CAPITAL THEREOF AS THE TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION DETERMINE IN SUCH MANNER (1) AS TO RELIEVE POVERTY OF JEWISH GIRLS AND YOUNG LADIES RESIDING IN THE LONDON BOROUGHS OF HACKNEY AND HARINGEY AND THEIR SURROUNDING AREAS AND (11) TO PROVIDE EDUCATIONAL CULTURAL AND LEISURE TIME FACILITIES AND ACTIVITIES FOR SUCH PERSONS WITH THE OBJECT OF IMPROVING THEIR QUALITY OF LIFE PROVIDED THAT THE TRUSTEES MAY AT THEIR ABSOLUTE DISCRETION FOR THE PERIOD OF 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.