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DEED OF TRUST
THIS TRUST DEED is made this 13th day of March Two Thousand
and Eighteen.
BY:
1. Johnston Mutemi of P.O Box 563 - 90125 Mbooni
2. Dorcas Mutemi of P.O Box 563 – 90125 Mbooni
(Together called the “Trustees” which expression shall where the context so admits include the
trustee or the trustees for the time being hereof whether original or substituted and their respective
successors.)
WHEREAS:
1. The Trustees wish to carry out the following initiatives for the benefit of children in their
village:
a) Provide support for the educational needs of poor children within the village.
b) Provide monetary support to build schools within the villages.
c) Promote the education of the village children by supplying books to the schools.
d) Providing school uniform for needy children.
e) Ensuring a comfortable learning environment by providing the necessary school amenities.
2. As from the date of the execution of this Deed, the Trustees wish to establish in Mbooni an
irrevocable non-profit non-political trust and to this end the Trustees wish to declare certain
trusts concerning the sum of Kenya Shillings Two Hundred Thousand (Kshs 200,000) already
held by them.
3. It is anticipated that further sums shall be given to the Trustees by other persons and/or
organizations to be held by the Trustees upon the charitable trust hereafter declared.
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NOW THIS DEED WITNESSES as follows:-
That the Trustees hereby declare they hold a sum of Kenya Shillings Two Hundred Thousand
(Kshs 200,000) upon trust for the Objectives hereinafter specified AND it is the contemplation of
the Trustees that funds may be in the future be paid or transferred to them to be held upon the same
trust subject to the following terms and conditions.
In this Deed where the context so admits the expressions hereinbefore defined shall have the
meanings thereby assigned to them respectively and in addition:-
a) “Deed” shall mean this instrument in writing signed under seal by the parties hereto in the
presence of an independent witness and dated;
b) “Objects” shall mean the objects and purposes of the Trust;
c) “Trust” shall mean an irrevocable non-political non-profit making public charitable trust
to be known as “MBOONI VILLAGE EDUCATIONAL TRUST”.
d) “Trust Fund” shall mean the said sum of Kenya Shillings One Hundred Thousand (Kshs
200,000) and such further moneys as may during the continuance of the trusts hereby
created be added thereto by the Trustees or any other persons corporations or
organizations all accumulations of income lawfully made and the moneys investments for
the time being representing the same and held by the Trustees subject to the trusts hereof.
i) Provide support for the educational needs of poor children within the village.
ii) Provide monetary support to build schools within the villages.
iii) Promote the education of the village children by supplying books to the schools.
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iv) Providing school uniform for needy children.
v) Ensuring a comfortable learning environment by providing the necessary school
amenities.
5. REGULATIONS
a) Within the limits prescribed by this Deed the Trustees shall have the full power to make
regulations for the management of the Trust and for the conduct of their charities including
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the summoning of meetings, the deposit of money at a proper bank and the custody of
documents, and shall have power to vary any rules so made.
6. INDEMNITY
If a Trustee retires, resigns, or becomes incapable of acting as a trustee hereof, such a
Trustee shall be released from all claims demands actions proceedings and accounts of any kind.
7. DISSOLUTION
The Trust may be dissolved by a special meeting of all the Trustees of the Trust convened
specially for that purpose.
IN WITNESS whereof the Trustees have hereunto set their hands and seals the day and year
first hereinbefore written.
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