The Stephen Moreton-Prichard Endowment Fund

THE CHARITY TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER TO, OR FOR THE BENEFIT OF, THE FOLLOWING CHARITABLE OBJECTS: (A) TO ADVANCE THE EDUCATION OF CHILDREN AND YOUNG PEOPLE IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT INCLUDING BY PROVISION OF SCHOLARSHIPS OR BURSARIES TO ASSIST WITH PAYMENT OF SCHOOL FEES AND OTHER EDUCATIONAL EXPENSES; (B) TO ADVANCE AND PROMOTE THE EDUCATION OF CHILDREN AND YOUNG PEOPLE INCLUDING THE STUDY OF MUSIC, DRAMA, PHOTOGRAPHY AND OTHER ARTS; (C) TO ASSIST IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT ANY CHARITY WHOSE AIMS INCLUDE ADVANCING THE EDUCATION OF CHILDREN AND YOUNG PEOPLE