The Glyn Nest Baptist Home

THE TRUSTEES SHALL STAND POSSESSED OF THE PROPERTY AND ALL FUNDS AND OTHER ASSETS PRESENTLY HELD BY THEM FOR OR IN CONNECTION WITH THE SAID HOME TOGETHER WITH ANY ACCRETIONS THERETO AND INCOME THEREFROM AND ALL PROPERTY FOR THE TIME BEING REPRESENTING THE SAME (HEREINAFTER CALLED 'THE TRUST FUND') UPON TRUST TO PAY OR APPLY THE SAME (WITHOUT DISTINCTION BETWEEN CAPITAL AND INCOME) TO THE CHARITABLE WORK OF THE WELSH BAPTIST DENOMINATION FOR THE RELIEF OF THE AGED AND THE RELIEF OF THE INFIRM AND WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING THE ESTABLISHMENT AND MAINTENANCE OF RESIDENTIAL OR OTHER ACCOMMODATION OF ANY KIND AND ANY AMENITIES TO BE ENJOYED IN CONNECTION OR ASSOCIATION THEREWITH FOR THE RELIEF OF AGED AND/OR INFIRM PERSONS IN NEED THEREOF IN SUCH FORM AND UPON SUCH TERMS AND CONDITIONS AS THE TRUSTEES SHALL FROM TIME TO TIME DETERMINE UNTIL SUCH TIME AS THE ASSEMBLIES SHALL JOINTLY OR IF MEETING SEPARATELY SHALL BOTH OTHERWISE BY IDENTICAL RESOLUTION DETERMINE AND THEREAFTER FOR SUCH PURPOSES IN CONNECTION WITH THE PROMOTION OF THE CHARITABLE OBJECTS OF THE UNION AS THE ASSEMBLIES SHALL JOINTLY OR IF MEETING SEPARATELY SHALL BOTH BY RESOLUTION DIRECT.