ICAS FoundationRegistered

Expenses - For payment of the expenses of the constitution and administration of the Trust and of any Government duties or taxes or other duties or taxes which may be exigible from the Trust Fund in the United Kingdom or elsewhere. The Trustees shall have an absolute discretion to decide which expenses of administration shall be charged against income and whch expenses of administration shall be charged, against capital. Application of the Trust Fund - Subject as hereinafter mentioned, for payment or application in such manner and in such shares and propartions and at such times as the Trustees shall in their sole discretion from time to time decide of the whole or any part of the income of the Trust Fund and of the whole or any part of the capital of the Trust Fund to or for:- The promotion in Scotland and in the United Kingdom generally or abroad of research into and education of Accountancy, Finance and Management together with all subjects in any way related thereto (including without prejudice to the generality thereof Law, Economics and Ethics) and any other subjects of an educational nature which may from time to time be of interest directly or indirectly to ?he accountancy profession or any branch thereof (hereinaftei referred to as 'the Subjects'') amongst members of the accountancy profession and the public at large in Scotland and the United Kingdomgenerally or abroad. The commissioning of research by members of the accountancy profession, academics and other individuals (including any of the Trustees) and committeds of the Institute and of other professional bodies in Scotland and in the United Kingdom generally or abroad in respect of the Subjects. The financing of conferences in Scotland and in the United Kingdom generally and abroad for the communication or dissemination of research into and education of the Subjects. The provision of education in the Subjects' by the promotion of or assistance in the promotion of classes or