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In the event of the capital of the Trust Fund having been applied entirely or substantially pursuant to direction of the trusteed under clause 2 hereof or if for any other reason it becomes desirable so to do the Trustees may (subject to any special direction attaching to any specific gift or endowment) wind up the charity and thereupon the Trustees shall hold all assets of the charity after payment of all costs, expenses and outgoings payable thereout upon Trust to pay the same to or apply the same for such charitable purposes, charitable institutions or charitable foundations in Northern Ireland in such a manner and in such shares and proportions as the Trustees shall in writing direct.
Yes they intent to distribute the capital to chartiable organizations. Do wthey have to involve a solicitor to wind it up legally or do they just exhaust the monies and close account. All records have been kept in order and the trustees have adherred to the rules of the trust fund.