Finances:
Objects:
"the charity's objects shall include :-a) the provision of housing accommodation for beneficiariesb) the promotion of of training for employment of qualifying young personsc) the promotion of education for qualifying young personsd) the relief of persons resident sn the area of benefit who are in need,hardship or distress""beneficiaries"" means poor persons who are resident at the time ofappointment in the area of benefit. preference shall be given to personsresident in the area comprising the vale of clwyd and the former borough ofruthin as constituted prior to 1974.""qualifying young persons"" means persons under the age of 25 who are inneed of financial assistance and who are either resident in the area of benefitor undertook formal education for not less than 5 years in the area of benefit. 1 (a) the provision of housing accommodation for beneficiaries; (b) the promotion of training for employment of qualifying young persons (c) the promotion of education for qualifying young persons; (d) the relief of persons resident in the area of benefit who are in need, hardship or distress. (2) the trustees may relieve such persons in need by: (a) making grants of money to them; or (b) providing or paying for goods, services or facilities for them; or (c) making grants of money to other persons or bodies who provide goods, services or facilities to those in need. (3) in exceptional cases the trustees may decide to assist someone (who is otherwise qualified) who is: (a) resident outside the area of benefit; or (b) only temporarily resident in the area of benefit. (4) the land identified in part 1 of the schedule to this scheme must be retained by the trustees for use in accordance with clause 4(1)(a) of this scheme."
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