Welsh Family Trust

The Trustees shall hold the Trust Estate and the income thereof for such charitable purposes as are within the meaning assigned to the term 'charitable purposes' within the context of Sections 505 and 506 of the Income and Corporation Taxes Act 1988 as amended from time to time or any subsequent re-enactment thereof ('the said Sections') including without prejudice to the foregoing generality and without restricting the Trustees in any way in the exercise of their discretionary powers but by way of a guide to the Trustees for the purposes of Youth Development, Education and Advancement either individually or within groups locally or nationally within Scotland. Mental Health. Local, National and Intemational Aid or Appeals or support for Social, Cultural, Historical and Antiquarian projects and appeals either locally or nationally within Scotland