Charitable objects
(1) THE OBJECTS OF THE CHARITY ARE:
(A) THE RELIEF OF POVERTY FOR THE PUBLIC BENEFIT BY THE PROVISION OF HOUSING ACCOMMODATION FOR PEOPLE WHO ARE:
(I) IN NEED, HARDSHIP OR DISTRESS; AND (II) OVER 55 YEARS OF AGE; AND (III) HAVE BEEN RESIDENT IN THE AREA OF BENEFIT SUBJECT TO CLAUSE 10(3).
(B) SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS AS THE TRUSTEES DECIDE.
(C) THE RELIEF OF POVERTY FOR THE PUBLIC BENEFIT BY UTILISING SURPLUS INCOME BY:
(I) THE PAYMENT OF DISCRETIONARY PAYMENTS:
(II) THE PAYMENT OF GRANTS FOR ITEMS, SERVICES OR FACILITIES OR OTHERWISE; AND
(III) THE PAYMENT OF GRANTS TO ORGANISATIONS OR INSTITUTIONS WHICH PROVIDE ITEMS SERVICES OR FACILITIES OR OTHER BENEFITS
TO BENEFIT PEOPLE LIVING IN THE AREA OF BENEFIT WHO ARE IN NEED, HARDSHIP OR DISTRESS AND OVER 55 YEARS OF AGE.
(D) SUCH OTHER CHARITABLE PURPOSES FOR THE BENEFIT OF THOSE LIVING IN THE AREA OF BENEFIT WHO ARE IN NEED, HARDSHIP OR DISTRESS AND OVER 55 YEARS OF AGE AS THE TRUSTEES MAY DECIDE.
(2) SUBJECT TO THE PROVISIONS OF CLAUSE 5 OF THE SCHEME, THE LAND IDENTIFIED IN PART 1 OF THE SCHEDULE TO THE SCHEME MUST BE RETAINED BY THE TRUSTEES FOR USE FOR THE OBJECTS OF THE CHARITY.