In 1893 the essential objects of the Charity were changed to the following:
"providing and maintaining, or providing or maintaining, open spaces in the borough of Leeds, for the benefit and recreation or health of the inhabitants. In providing such spaces, due to regard shall, as far as practicable, be given to those parts of the borough where the streets are narrow and the houses small…"
There were ancillary provisions, including allowances for "an open space" which, though an improvement to the town, may not be in strictness for the benefit and recreation or health of the inhabitants", but the "open spaces" purpose was fundamental and the 1893 Scheme left the trustees with fairly limited discretions.
Between 1893 and 1939 the bulk of the Charity's existing open spaces were acquired, but by 1939 it was felt that the objects of the Charity were too restrictive in the changed circumstances of the day. In a detailed note drawn up in 1939, Colonel Bousfield, the then Clerk, pointed out that the Council's policy of slum clearance had already produced large open areas in and around the city centre, that the slum population had been largely rehoused in new estates where there were plenty of air and space, and that the Council were themselves levying a rate for the maintenance of the open spaces which Wade's Trustees had provided. There was therefore a proposal to widen the objects of the Charity, and this led to the Amended Scheme in 1940 which enlarged the Charity's objects to include the following: