Can a company that runs a hostel for male students change its memorandum of association to exclude "dominion students of European origin"?

Re Dominion Students' Hall Trust v. Attorney General, [1947] 1 Ch. 183 involved a company that ran a hostel for male students. Originally, the benefit of the charity was restricted solely to "dominion students of European origin". The company asked for the approval of a scheme by which the charity could be administered so as to benefit students of all racial origin and brought a petition asking for the confirmation of a special resolution to change its memorandum of association in relation to its object by removing the words "of European origin".