Sacred Heart Fathers TrustRegistered

2.2 The Trustees stand possessed of the Trust Property and of the income of the Trust Property upon trust to apply the same as capital or income for such charitable purposes as shall advance the religious and other charitable work of the Society as the Trustees shall from time to time think fit (including the advancement of religion, the education and recreation of children and young people, the pastoral care of individuals and the relief of poverty and sickness) ('the Objects') and if at any time the Society shall cease to exist or shall cease to carry on religious or other charitable work then for such other lawful charitable purposes connected with the advancement of the Roman Catholic Religion as the Trustees shall determine 2.3 It is hereby declared that no part of the Trust Property need be retained or treated as permanent endowment within the meaning of the Charities Act 1993 provided that the Trustees may with the written consent of the Provincial Superior declare any part of the Trust Property to be permanent endowment