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(1) THE OBJECT OF THE CHARITY IS TO ADVANCE THE EDUCATION OF PUPILS ATTENDING THE COLLEGE BY THE AWARD OF:
(A) PRIZES (OR OTHER SUITABLE REWARD); AND
(B) LEAVING GRANTS (WHICH MAY TAKE THE FORM OF SCHOLARSHIPS, EXHIBITIONS, BURSARIES OR MAINTENANCE ALLOWANCES) TO PUPILS LEAVING THE COLLEGE AND CONTINUING THEIR EDUCATION.
(2) IN AWARDING PRIZES, SCHOLARSHIPS, EXHIBITIONS, BURSARIES OR MAINTENANCE ALLOWANCES IN ACCORDANCE WITH THIS SCHEME, THE TRUSTEE MAY HAVE REGARD TO THE EXISTING TRUSTS OF ANY OF THE CHARITIES.
(3) THE TRUSTEE MAY ASSOCIATE A GRANT OR PRIZE WITH THE NAME OF ANY RELEVANT BENEFACTOR OF THE COLLEGE