Legal Structures at Airfield:
There was a time in Ireland when a person’s
dying wish was sacred and, from the information available to us, the dying wish
of Miss Letitia and Miss Naomi Overend was that the house and land at Airfield
should be preserved.
In 1974 (Miss Letitia was 94), the Trust was
set up. A letter dated 13th
June, 1974 is attached to the Trust Deed, signed by Mr Raymond A. French (the
Overend solicitor at the time) which states that “The prime Charitable object is to retain the grounds around Airfield as
an open space for the use at the Trustees’ discretion of the various objects
set out in the Deed of Trust.” Unfortunately,
the Trust deed itself gives the Trustees wide powers and does not mention the
prime Charitable Object as being the retention of the grounds. The original trustees were Letitia and Naomi
Overend, The Honourable Theodore Cunningham Kingsmill More, William Millar and
Raymond Arthur French. In addition a
Company was also set up, owned by the Trust - initially it was unlimited, but
it subsequently became a limited company.
The two legal structures at Airfield are
therefore:-
Dromartin Trust
Charity Reference: CHY 11241
Dromartin Estates Co. Ltd.
Company No. 21980
Charity Reference: CHY 6637
Both have charitable status, which means that
they are exempt from most taxes and in particular from Capital Gains Tax on
investments.
Miss Letitia died in 1977 and Miss Naomi in
October 1993. The total area of
Airfield land at Miss Naomi’s death was around 50 acres. Large portfolios of investments were left to
the Trust and the Company – see the link to “Finance at
Airfield”.
Around 1997 discussions were ongoing about the
amalgamation of the Company and the Trust.
In 1999 a new Memorandum and Articles of Association of Dromartin
Estates Co. Ltd. were drawn up. The
objects of the Trust were subsumed into the Memorandum of Association:-
2 (c) The
inserted clause specifies that the Company will promote “such other solely charitable objects in Ireland as are specified in the
Deed of Settlement made the 16th May 1974 between Letitia Overend
and Naomi Overend of the one part and Letitia Overend, Naomi Overend, the
Honourable Theodore Cunningham Kingsmill Moore, William Miller and Raymond
Arthur French on the other part.”
The Memorandum does not specify that the “prime Charitable object is to retain the
grounds around Airfield as an open space for the use at the Trustees’
discretion of the various objects set out in the Deed of Trust”.
The Memorandum of Association of Dromartin
Estates Co. Ltd. drafted in 1999 relegates what was the prime charitable object
of the Trust to third place in the list of objects, without specifically
mentioning it. The educational
objectives, which so far as can be ascertained were chosen to ensure the Trust
had charitable status, do not seem to have been as important to the Overends,
but they have been given prominence by the trustees.
Individual trustees have said on several
occasions that they are legally entitled to sell the whole of Airfield and to
carry out the objects of the Trust by funding education from an office or from
“a farm in Wicklow”.