Charitable objects
(1) THE RELIEF OF PERSONS RESIDENT IN THE AREA OF BENEFIT WHO ARE IN NEED OF FINANCIAL ASSISTANCE; AND
(2) THE ADVANCEMENT OF EDUCATION AND TRAINING (INCLUDING VOCATIONAL, SOCIAL, RECREATIONAL AND PHYSICAL) OF CHILDREN AND YOUNG PERSONS WHO ARE, OR WHOSE PARENTS ARE, RESIDENT IN THE AREA OF BENEFIT AND WHO ARE IN NEED OF FINANCIAL ASSISTANCE.