The Wincott Foundation Trust Deed

8/9/2019 The Wincott Foundation Trust Deed

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T H I S B E K C l o oaô t h e Z h f T S Coy o t i 4 / A Ône t i iouaand nl no hun dred and s i a t y - n l n e B E ff w B E H .DAVIDGBAHAZ* HUTÔN, O .B .S . of 38 Oo naa ugh t S Q ua re, .2 * i n t h e bo un tyo f Lon don o f t b e o ne p a r t a nd ViIiJ.iAil HAJ.PAS CLAKKE o f 3S t r e a t l e y t l a c c H a n p o t e a d , Rv;#3# in the boun ty o f LondonJPROFESSOR SJANLEX BAYMOHJ) DEÎ3IS0S fC . i i , E . o f O n l v e r o l t y o f i a e - c ^SevoG6tlG*upon-$yne ^ la re m on t Sower ^X aren ont Uoafi E e ^ e a e t l o -upon*Xyne t HEX 7KU ^HK H^GH? HOHUUKABLE CHABITS GABliETX' F0HS0&B7MOOBH a?ai: EARIP OP DHOGIU-BA, K . B . E . of Pe rke ld Hous e ^ngXef le ldG re en i n t h e C ou nt y o f S u r r e y HIOHABD BP' ARD GEOPRHni HOtfB, Q. C.o f 3 S ump Cou r t f fe raple B .0 . 4* In th e C i t y o f London th e s a idDAVIS? GUAHAE aUSPTOH, O .B .B . MVID .--OHB SOiSAR^S Of 7 S m ith S q u a r eS , U . 1 # I n t h e C i t y o f tfeo tninoter PROCESSOR KABOLD BEB JRAH EOSEof 40 Bumham Green Road Yeuln Welwyn in the County of HertsPETEK FAAdCIS acOT^'t H . A . of P r o v i n c i a l XnouroncG Company L im ite d


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S O W HIS B BE B t / i y n E S S B S H A T O I S I S msiiEBY Dlas follows 8-

* 2Iffi oano o^ the Tr us t hereby established (hereinaftcolled "the Char ity ") shall be "fhe v;incott Pounflation0

2 TS this Deed the following expreoolono sh all wh erecontext so admits have the following meanlfics t-(1) "The Srus t ffund0 shall mean and include firs tly the

sum of one hundred pounds (1 00) paid as aforesaid secondly any other monies investments and propertywh ic h c^y at any time hereafter (whether by gift suscr iption bequest or otherw ise) be paid transferredor conveyed to and accepted by the Sru oteee as anaddi tion or accretion to the monies investnento andproperty for the time being representing the Irus tFund


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(x i) power to employ and pay suoh offici als or staff as theTr ustees may d eem proper and to enter into any oorvlceagreements whi ch they may consid er desir able includingpower to determine any suoh employment up on su oh termsas the Tru stees may deci de and to enter into anddefray the cost or any part of the cost of any Pensionor Superannuation Soheme wh ic h the Trustees shallthink proper for the benefit of any such officials orstaff wh om the Tru stees shall so employ

(xi i) power to accept and retain or refuse any new sharesstocks debentures or debenture stock in any company orundertaking whi oh may be allotted to the Tru stees i nrespect of i nvestments held by them as part of theTru ot Fund

(xi ii) power to promote or assis t in promoting any further


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(xv i) power generally to do all suoh other acts and things the Tru stees may think fit in furtherance of the trusdeclared by clause 3 hereof

5. (a) TH E Tr us tees shall stand possessed of any freehold orleasehold properties forming part of the Tru st Fu ndUPON TR US T to sell the saise with power to postpone thesale thereof and to hold the net proceeds of sole andnet rente and profits thereof until sale up on the truhereby declared of the Tr ust Fund and the income ther

ii

(b) ^endi ng the sale of any suoh freehold or leaseholdproperties as aforesaid the Trus tees s hall (in addi tito any statutory or other p owers ) have the followingadditional p owers namely s-(i ) power to occupy or permit to be occupied for th

pu rposes of the trust hereby declared the wh ole


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cheq ue or ord er has been obtained in respect of suc h payment7* (a) ANY trustee hereof or member of a comm ittee appointed

hereunder wh o is for the time being a holder of anyshares s tocks or other s eouri ties of any Company of aclass for the time being quoted or dealt i n on a StockExc hange i n the United Kingdom shares stocks or otherseourities of whi oh shall for the time being becomprised in the Trust Fund may concur i n exercising allpowers and dis cretions hereby gi ven to the Tr ustees bythis Deed or by law notwithstanding that he may by reasonof hi s being a holder have whether directly orindirectly a personal Interest i n the mode or r esult ofany suoh exercise

(b) Any trustee or member of any suoh committee as aforesaidmay retai n for hi s own benefit and without any liability


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stockholders debenture stookholders debenture holders or credi tors of any Comp any &&& whether in connection wi th a soheor r econstruc tion or amalgamation or otherwise and may acceptin or towards satisfaotion of all or any of suoh rig hts suoh consideration as they shall think fit whether i n the form ofshares stocks debentures debenture stock cash obligations orsecuri ties of the same or any other company or companies and iany other form whatsoever

10, EVE RT dis cretion hereby conferred upon the Tru stees shabe an absolute disc retion

11* XH the professed execution of the trust hereby declared no Tr ustee or member of any comm ittee appointed hereunder shalbe liable for any loss^aris ing by reason of any im prop er inv es

ment or applioation of the Trust Fund or any part thereof madein good faith or for the negligence or fraud of any agent emp -


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transferred to or placed under the control of suoh new oradditional Trus tee or Tr ustees jointly with the other Tr usteeor Tr ustees for the time being of thi s Deed and all aote deedsand things necessary for suc h pur pose shall be done andexecuted and all costs of and inci dental thereto shall be paidby the Tru stees out of the fund to wh ic h s uoh costs relate

14. PROPER^ books of account shall be kept by or on behalf ofthe Tru stees and entiles made therein of all receipts andpaym ents and the accounts of the Charity shall be aud itedannually by a qualified Chartered Accountant to be selected bythe Tru stees

15 IE case the Trus tees sh all not be unanimous up on anymatter arisi ng out of or about the trust hereby declared thedeci sion of the majority of the Trustees shall bind thedis sentient minority and the aote of the majority i n the


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17* IF the Tr us tees s hall for any reason consider that itis impr acticable or undesirable to carry out the main objeotaof the tru st as set out in Clause 3 tj^e Tr us tees sh all be atliberty to pay transfer or apply the Trust Fund to or for thebenefit of suc h ch aritable institution or institutions i n theUnited Kingdom in suoh manner and in su oh proportions as theyin their absolute disoretion shall think fit PROVIDED TE ATauoh institution or institutions shall have as its or theirprinci pal object the advancement of learning

18. AO T Tru stee for the time being hereof teing aChartered Acc ountant Solicitor or other pers on engaged in anypr ofess ion or busi ness s hall be entitled to charge and be paidall disbursements paid by him o r h is firm on behalf of theTru stees and all usual professi onal or other ch arges made byhim P hie firm for business done by him or his firm in


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SIGHED SEALED and DELIVERED )by t h e s a i d THE RIGHTHOrJOUKABLE CHARLES GAHBBTTPOHSOHBY HOOHE THE EARL OFDROGKEDA* K.BE i n t h ep r e s e n c e of t

(-]Sgd) R a l p h H a r r i s ,A s a b o v e .

( S g d ) D r o g h e d a .

SIGI^ED SE AL ED and DELIVEIUSDby the said HIOHAED EDWA RDGEOSyRBV HOWE , Q.C, In thepresence oft(Sgd) R.E. Geoffrey Howe

( S g d ) R a l p h H a r r i s ,A s a b o v e .


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SIGHED SLA LED and DELIVERED )by the said HsTEB fRAHCIS )SCOTT M.A. in the presence oft) (Sgd) P.F. Scott(Sgd) Lewis G. Whyte,50 Finsbury Sq uare,London E.G.2.

Actuary

SIGHED SEALE D and DELIVEREDby the said PROFESSOR ADAHARTilUH W ALTERS in thepresence of;(Sgd) Alan Arthur Walters

( S g d ) R a l p h H a r r i s ,A s a b o v e .


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DATED rf'' t / t / * * r 1969

T H I S T D U B D

- o f -TRE fci;:COTT PODHrAfflOB

We Certify this to be a true andexact copy of the Trust Deed of whichit purports to be a copy.

Herbert Oppenheimer, Nathan& Vandyk,20 Copthall Avenue,

London E.G.2.13th June 1969

Documents

The Wincott Foundation Trust Deed