Finances:
Objects:
3.1. The objects of the Charity are to advance education by providing grants exclusively to fund scholarships at Hampton School (School) for pupils who meet the academic (or other non-financial) entrance requirements for the School but would not otherwise be able to attend by reason of financial need, provided that on and with effect from the occurrence of a Trigger Event, the objects shall be to advance education by:3.1.1 providing or assisting in the provision of scholarships at any school or schools which the Trustees in their absolute discretion consider possess a similar ethos and aims to those of the School prior to the Trigger Event; and3.1.2 where the Trustees are satisfied that sufficient provision has been made under 3.1.1, providing financial support to enable secondary school age pupils to pursue formal education in such manner as the Trustees may in their absolute discretion determine22.1. In these Articles:Trigger Event: means an event which is deemed to have occurred if the School:(a) gives written notice of resignation as a member;(b) makes an arrangement or composition with its creditors;(c) ceases to exist;(d) ceases to operate as a school which charges fees as a condition of pupil attendance; (e) ceases to operate on a non-profit basis; and/or(f) is ultimately owned or controlled by an entity which does not operate on a non-profit basis.School: means Hampton School
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