Charitable objects
(1) TO ADVANCE THE EDUCATION OF YOUNG PEOPLE BY THE PROVISION OF TRAINING AND WORK EXPERIENCE IN STABLE MANAGEMENT AND ANY ASPECTS RIDING SO AS TO DEVELOP THEIR PHYSICAL, MENTAL AND SPIRITUAL CAPACITIES THAT THEY MAY GROW TO FULL CAPACITY AS INDIVIDUALS AND AS MEMBERS OF SOCIETY; AND (2) TO RELIEVE THE POVERTY OR FINANCIAL HARDSHIP OF THE SAID YOUNG PEOPLE PARTICULARLY BY PROVIDING AND SUBSIDISING THE COST OF ACCOMMODATION FOR THEM AND IN SUCH OTHER WAYS AS THE DIRECTORS OF THE COMPANY MAY DECIDE AND TO RELIEVE THE POVERTY OR FINANCIAL HARDSHIP OF PERSONS WHO HAVE RETIRED FROM THE RACING INDUSTRY BY THE PROVISION OF FINANCIAL ASSISTANCE TO SUCH PERSONS; (3) THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE-TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE OF THOSE PERSONS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OF SOCIAL AND ECONOMIC CIRCUMSTANCES
