Paragraph 6 The charity’s expendable funds
(1)
The Trustee must first apply—
(a)
the charity’s income; and
(b)
if the Trustee thinks fit, the charity’s expendable endowment,
in meeting the proper costs of administering the charity and of managing its assets.
(2)
After payment of these costs the Trustee must apply the remaining income in furthering the Object of the charity.
(3)
The Trustee may also apply expendable endowment for the Object of the charity.