The objects of the trust are—
(a) to draw up and implement a plan and strategy for the development and use of the showgrounds with a view to coordinating the development of facilities connected therewith and the use of the showgrounds and facilities for the benefit of all users thereof, having regard to community needs for the time being;
(b) to develop and manage the showgrounds for or consistently with the trust purposes of showgrounds, park and recreation;
(c) to apply monies acquired by the trust, less any sum payable to discharge any liability reasonably incurred in acquiring the monies, towards the proper development and management of the showgrounds and the implementation of the plan referred to in paragraph (a).