The Watford Fuller Foundation

THE TRUSTEES SHALL STAND POSSESSED OF THE ENDOWMENT FUND AND OF ALL OTHER MONEY AND PROPERTY WHICH MAY BE PAID OR TRANSFERRED TO THEM UPON TRUST TO APPLY THE SAME AND INCOME FROM THE ENDOWMENT FUND TO ADVANCE THE EDUCATION OF THE PUPILS OF THE SCHOOL BY PROVIDING OR ASSISTING IN THE PROVISION OF EDUCATIONAL RECREATIONAL AND OTHER CHARITABLE FACILITIES IN AUGMENTATION OF SUCH FACILITIES FINANCE BY THE STATUTORY BODY WHICH MAINTAINS THE SCHOOL FOR THE TIME BEING AND IN FURTHERANCE OF THIS OBJECT BUT NOT FURTHER OR OTHERWISE THE TRUSTEES MAY UNDERTAKE ACTIVITIES WHICH PROMOTE THE CHARITABLE WORK OF THE SCHOOL AND FURTHER THE EDUCATION AND ADVANCEMENT IN LIFE OF THE PUPILS.1. TO APPLY SUCH SUM OR SUMS AS THE TRUSTEES THINK FIT FROM TIME TO TIME FROM THE NET ANNUAL INCOME AND OR CAPITAL OF THE ENDOWMENT FUND IN SUPPORTING THE SCHOOL AND IN PARTICULAR TO DEVELOP AND MAINTAIN THE FABRIC AND AMENITIES OF THE SCHOOL.2. TO APPLY SUCH SUM OR SUMS AS THE TRUSTEES THINK FIT FROM TIME TO TIME IN ONE OR MORE OF THE FOLLOWING WAYS:1. IN AWARDING TO PUPILS OF THE SCHOOL GRANTS OR MAINTENANCE ALLOWANCES TO ENABLE THEM TO TRAVEL WHETHER IN THE UNITE KINGDOM OR ABROAD IN FURTHERANCE OF THEIR EDUCATION;2. IN OTHERWISE FURTHERING THE EDUCATION OF SUCH PERSONS.3. TO APPLY SUCH SUM IN WHATEVER CHARITABLE WAYS THAT THE TRUSTEES CONSIDER PROMOTE THE WELL BEING OF THE SCHOOL AND THE EDUCATION AND WELFARE OF THE PUPILS AND STAFF AT THE SCHOOL.