Charitable objects
THE OBJECTS OF THE CHARITY ARE:
(A) THE PROVISION OF HOUSING ACCOMMODATION FOR ELDERLY PERSONS WHO ARE IN NEED, HARDSHIP OR DISTRESS, WITH A PREFERENCE FOR ELDERLY PERSONS WHO ARE OR HAVE WITHIN THE LAST FIVE YEARS BEEN RESIDENT IN THE AREA OF BENEFIT, AT LEAST 50% OF WHOM MUST HAVE BEEN BROUGHT UP AND INSTRUCTED IN THE PROTESTANT RELIGION, WITH A PREFERENCE FOR MEMBERS OF THE CHURCH OF ENGLAND; AND
(B) SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS AS THE TRUSTEES DECIDE; AND
(C) THE PREVENTION OR RELIEF OF THOSE IN NEED BY REASON OF AGE, ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER DISADVANTAGE BY THE PROVISION OF GRANTS TO INDIVIDUALS LIVING IN THE AREA OF BENEFIT.
(2) THE LAND IDENTIFIED IN PART 2 OF THE SCHEDULE TO THIS SCHEME SHALL BE USED FOR THE OBJECT OF THE CHARITY AS SET OUT IN CLAUSE 4(1)(A), PROVIDED THAT THE TRUSTEES MAY (SUBJECT TO THE REQUIREMENTS OF PART 7 OF THE CHARITIES ACT 2011) DISPOSE OF ALL OR ANY PART SUCH LAND IF IT IS REPLACED WITH EQUIVALENT LAND TO BE USED FOR THAT SAME OBJECT.