The Jennifer Jane Sunley Charitable Settlement

THE TRUSTEES SHALL HOLD THE TRUST FUND AND ITS INCOME UPON TRUST TO APPLY THEM FIRST TO PAY FROM IT ALL THE PROPER COSTS AND EXPENSES INCURRED BY THE TRUSTEES IN ADMINISTERING THE CHARITY AND THE TRUST FUND AND SUBJECT TO THAT TO APPLY THE INCOME (SAVE THAT DURING THE PERIOD OF 21 YEARS FROM THE DATE OF THIS DEED THE TRUSTEES SHALL HAVE POWER TO ACCUMULATE ANY INCOME BY CAPITALISING IT AS AN ACCRETION TO AND PART OF THE TRUST FUND) AND (IF AND WHEN THE TRUSTEES IN THEIR ABSOLUTE DISCRETION THINK FIT) THE WHOLE OR ANY PART OR PARTS OF THE CAPITAL OF THE TRUST FUND TO OR FOR SUCH CHARITABLE INSTITUTION OR INSTITUTIONS OR OTHER CHARITABLE OBJECT OR OBJECTS IN ANY PART OF THE WORLD AS THE TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION THINK FIT TO SUPPORT OR ESTABLISH