Finances:
Objects:
3. objects (1) the objects of the cio are for the public benefit: (a) to relieve poverty, hardship or distress in the area of benefit and the surrounding areas by the provision and maintenance of almshouse accommodation and to further such other charitable purposes for the benefit of the residents of the almshouses as the charity trustees may from time to time decide; (b) to provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of residents in the area of benefit and the surrounding areas who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life. (2) residents of the almshouse must be persons who are in sufficient need, hardship or distress and requiring continuing support, with a preference being given to persons who are already resident in the area of benefit provided always in the event that there are no applicants from within the area of benefit the charity trustees may consider applications from such persons who are resident in the surrounding areas. (3) in this constitution the expression area of benefit shall mean the metropolitan borough of gateshead.
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