The Boudicca Foundation

3. OBJECTS3. 1 THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL FOR THE PUBLIC BENEFIT AT SUCH TIME OR TIMES AND IN SUCH MANNER TO, OR THE BENEFIT OF, SUCH EXCLUSIVELY CHARITABLE PURPOSES AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT.3.2 NOTWITHSTANDING THE PROVISIONS OF CLAUSE 3.1, THE TRUSTEES MAY IN THEIR DISCRETION FOR THE PERIOD OF 21 YEARS FROM THE DATE OF THIS DEED, INSTEAD OF APPLYING THE INCOME OF THE TRUST FUND IN ANY YEAR, ACCUMULATE ALL OR ANY PART OF SUCH INCOME BY INVESTING THE SAME, AND THE RESULTING INCOME, IN ANY INVESTMENTS AUTHORISED BY THIS DEED OR BY LAW 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.3.3 WITHOUT PREJUDICE OR LIMITATION TO THE FOREGOING, THE TRUSTEES MAY CARRY OUT CHARITABLE PURPOSES FOR THE ADVANCEMENT OF EDUCATION AND THE ADVANCEMENT OF BRITISH CULTURAL HERITAGE AND CIVIC CUSTOMS, BY PRESERVING, PROMOTING AND INCREASING PUBLIC UNDERSTANDING OF THE CULTURAL, CIVIC, CONSTITUTIONAL AND MILITARY HERITAGE OF THE UNITED KINGDOM, INCLUDING:(A) FORMAL CIVIC AND COMMEMORATIVE TRADITIONS, INCLUDING REMEMBRANCE OBSERVANCES AND OTHER LONG-STANDING PUBLIC CEREMONIES WHICH CONTRIBUTE TO PUBLIC UNDERSTANDING OF THE NATION'S HISTORY AND SERVICE;(B) HISTORIC MILITARY HERITAGE AND REGIMENTAL TRADITIONS, INCLUDING THE PRESERVATION, INTERPRETATION AND PUBLIC ACCESSIBILITY OF ARCHIVES, ARTEFACTS, RECORDS AND HISTORIES;(C) TRADITIONAL BRITISH LITERARY, MUSICAL, FOLK AND CEREMONIAL HERITAGE, INCLUDING CHORAL AND CEREMONIAL MUSIC, PAGEANTRY AND COMMUNITY CUSTOMS WHICH FORM PART OF THE CULTURAL HERITAGE OF THE UNITED KINGDOM; AND(D) THE CONSTITUTIONAL AND CIVIC HERITAGE OF THE UNITED KINGDOM, INCLUDING THE HISTORIC DEVELOPMENT OF CIVIC INSTITUTIONS, INDIVIDUAL LIBERTIES AND DEMOCRATIC PARTICIPATION.