Novum TrustRegistered

The Trustees shall hold the funds on trust for the following purposes: (a) To collect the income and the capital of the funds or such parts of the income and capital thereof as the Trustees shall from time to time think fit in initiating and supporting such existing and new projects, schemes, funds and organisations of a religious, or educational nature as shall be recognised at the time as charitable by the Commissioner of Inland Revenue and as the Trustees shall in their absolute discretion think fit. In exercising this discretion as to the disposal of the funds the Trustees will have regard to but shall in no way be bound by any wishes which may be expressed in writing to the Trustees by the Founders.