Charitable objects
1 FOR SUCH PERIOD AS THE CHARITY BE A PROVIDER OF APPROVED COURSES, THE TRUST FUND AND THE INCOME OF THE SAME SHALL BE HELD UPON TRUST TO ADVANCE THE EDUCATION OF ELIGIBLE STUDENTS.
2. SUBJECT TO THE FOREGOING TRUSTS, THE TRUST FUND AND THE INCOME OF THE SAME SHALL BE HELD UPON TRUST FOR THE ADVANCEMENT OF EDUCATION AS CARRIED ON OR ADVANCED BY THE UNIVERSITY FROM TIME TO TIME, INSOFAR AS SUCH OBJECT IS CHARITABLE UNDER THE LAW OF ENGLAND AND WALES.
3 FOR THE AVOIDANCE OF DOUBT NO PART OF THE TRUST FUND OR THE INCOME OF THE SAME SHALL IN ANY CIRCUMSTANCES WHATSOEVER BE PAID OR APPLIED OTHERWISE THAN FOR PURPOSES THAT ARE CHARITABLE UNDER THE LAW OF ENGLAND AND WALES.