Finances:
Objects:
the trustees shall administer the yearly income of the charity to assist disadvantaged young people resident in the city of portsmouth and district. the charity shall provide funding towards the educational needs of disadvantaged young people, such as - book and materials; tuition; examination or travelling expenses, in order to help them to earn their living or enhance their skills. the trustees shall give preference to assisting disadvantaged young people who are undergoing training or further education. in order to augment the clear yearly income of the charity, the trustees shall from time to time raise money through ways, which are directly related to the memory and life of john ponds.
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