Southwark Charities

(2.1 THE CHARITABLE PURPOSES OF THE COMPANY ARE: (A) THE PROVISION OF HOUSING ACCOMMODATION FOR PERSONS WHO MEET THE ELIGIBILITY CRITERIA; (B) SUCH FURTHER CHARITABLE PURPOSES FOR THE BENEFIT OF THOSE RESIDENTS OF THE HOUSING ACCOMMODATION AS THE TRUSTEES MAY DECIDE; (C) THE RELIEF OF POVERTY FOR THE PUBLIC BENEFIT BY UTILISING SURPLUS INCOME BY: (I) THE PAYMENT OF DISCRETIONARY PAYMENTS; (II) THE PAYMENT OF GRANTS FOR ITEMS, SERVICES OR FACILITIES OR OTHERWISE; AND(II) THE PAYMENT OF GRANTS TO ORGANISATIONS OR INSTITUTIONS WHICH PROVIDE ITEMS, SERVICES OR FACILITIES OR OTHER BENEFITS TO PEOPLE LIVING IN THE AREA OF BENEFIT, TO BENEFIT TO PEOPLE WHO MEET THE ELIGIBILITY CRITERIA; OR (D) SUCH OTHER CHARITABLE PURPOSES FOR THE BENEFIT OF THOSE LIVING IN THE AREA OF BENEFIT AS THE TRUSTEES MAY DECIDE. 2.2 IN THIS CLAUSE 2 THE FOLLOWING DEFINITIONS SHALL APPLY: ”AREA OF BENEFIT” MEANS THE GREATER LONDON AREA, WITH A PREFERENCE FOR THE LONDON BOROUGH OF SOUTHWARK; AND“ELIGIBILITY CRITERIA” MEANS PEOPLE WHO ARE (I) IN NEED HARDSHIP OR DISTRESS AND (II) OVER 55 YEARS OF AGE AND (III) HAVE BEEN RESIDENT IN THE AREA OF BENEFIT.