Website: http://www.stwcharity.co.uk
Finances:
Objects:
INCOME TO BE APPLIED IN MAKING INTEREST FREE LOANS OF NOT MORE THAN ú7,500 TO ANY ONE PERSON(OR SUCH OTHER SUM AS THE COMMISSIONERS APPROVE FROM TIME TO TIME FOR PERIODS OF NOT MORE THAN TEN YEARS TO PERSONS OF NOT MORE THAN 35 YEARS OF AGE WHO ARE RESIDENT, EMPLOYED OR CARRYING ON BUSINESS IN THE AREA OF BENEFIT FOR THE PURPOSE OF ESTABLISHING THEM IN THEIR CHOSEN OCCUPATION OR IN A WAY OF LIFE. INCOME TO BE APPLIED IN MAKING INTEREST FREE LOANS OF NOT MORE THAN ú7,500 TO ANY ONE PERSON(OR SUCH OTHER SUM AS THE COMMISSIONERS APPROVE FROM TIME TO TIME)FOR PERIODS OF NOT MORE THAN TEN YEARS TO PERSONS OF NOT MORE THAN 35 YEARS OF AGE WHO ARE RESIDENT,EMPLOYED OR CARRYING ON BUSINESS IN THE AREA OF BENEFIT,FOR THE PURPOSE OF ESTABLISHING THEM IN THEIR CHOSEN OCCUPATION OR IN A WAY OF LIFE. INCOME TO BE APLLIED IN MAKING INTEREST FREE LOANS OF NOT MORE THAN ú7,500 TO ANY ONE PERSON (OR SUCH OTHER SUM AS THE COMMISSIONERS APPROVE FROM TIME TO TIME FOR PERIODS OF NOT MORE THAN TEN YEARS TO PERSONS OF NOT MORE THAN 35 YEARS OF AGE WHO ARE RESIDENT, EMPLOYED OR CARRYING ON BUSINESS IN THE AREA OF BENEFIT FOR THE PURPOSE OF ESTABLISHING THEM IN THEIR CHOSEN OCCUPATION OR IN A WAY OF LIFE.(FOR FURTHER DETAILS SEE CLAUSE 8 OF SCHEME). the objects of the charity are, for the public benefit, to make interest free loans (the amount of which, the repayment period and other conditions or regulations are to be determined from time to time by the trustees) or grants for the purpose of establishing in their chosen occupation or way of life, persons of not more than 45 years of age who are resident, employed or carrying on business in the area of benefit, with a preference for those in the city of leicester, provided that the charity shall only make grants out of any assets of the charity which, in the opinion of the trustees, are not capable of being used effectively by the charity for the purposes of meeting demand for loans on the part of beneficiaries in the area of benefit.
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