(a)(i) to maintain and promote education religion and learning for and among students generally of whatever religious persuasion and especially to give aid to students in straitened or reduced circumstances who shall be deemed worthy thereof by its council by way of bursaries, scholarships, exhibitions or by such other means as in the opinion of and at the absolute discretion of the council be most conducive to the advancement of such students and the attainment of these objects.
(ii)to train, cherish and encourage candidates for holy orders in the church of england or any students or other persons intending to labour for foreign missions with which the ministry of the late bishop james hannington was particularly identified.
(iii)to diffuse sound information and teaching of and in christian principles and doctrine in conformity with holy scripture and particularly the protestant and reformed teaching of the church of england as set forth in the book of common prayer annexed to the act of uniformity of 1662 and the 39 articles of religion and ordinal as now ordinarily bound up with such book and so that the teaching of the hall and the conduct of the services in the chapel thereof shall be in all respects in accordance with such principles.
(iv)generally to do all other incidental things which may be conducive to the furtherance and elucidation of such objects and principles;
(b)to provide for members of the university of oxford a college wherein they may participate in the educational facilities offered by, and study for degrees in, the university of oxford.