Charitable objects
THE OBJECTS OF THE CIO ARE TO APPLY SUCH FUNDS AS IT MAY HOLD FROM TIME TO TIME FOR SUCH CHARITABLE PURPOSE OR PURPOSES AS ARE LAWFUL ACCORDING TO THE LAWS OF ENGLAND AND WALES FOR THE BENEFIT OF ONE OR MORE INDIVIDUALS, ANY QUALIFIED CHARITY OR CHARITIES (A QUALIFIED CHARITY IS ANY PURPOSE, BODY OR OBJECT IN ANY PART OF THE WORLD WHICH UNDER THE LAWS OF ENGLAND AND WALES SHALL BE RECOGNISED AS EXCLUSIVELY CHARITABLE TRUSTS), ASSOCIATIONS, INSTITUTIONS OR ORGANISATIONS ESTABLISHED FOR SUCH CHARITABLE PURPOSE OR PURPOSES AS AFORESAID.
