Grantchester Village Trust

(1) 50% OF THE NET ANNUAL INCOME, AFTER PAYING THE COSTS OF ADMINISTERING THE CHARITY,SHALL BE PAID TO THE PCC TO BE APPLIED FOR THE MAINTENANCE REPAIR AND INSURANCEAGAINST FIRE, OF THE FABRIC OF THE CHURCH, AND, SUBJECT TO THOSE PAYMENTS, SURPLUS INCOME MAY BE APPLIED FOR THE MAINTENANCE OF SERVICES IN THE SAID CHURCH, ANDMAINTENANCE OF THE FURNITURE OF THE CHURCH.(2) 50% OF THE NET ANNUAL INCOME, AFTER PAYING THE COSTS OF ADMINISTERING THE CHARITY,SHALL BE APPLIED:(A) FIRSTLY, TO THE RELIEF IN NEED OF INHABITANTS OF THE AREA OF BENEFIT, AND(B) SECONDLY, ANY SURPLUS INCOME AFTER FULFILLING THE OBJECT STATED AT SUB-CLAUSE(2)(A) OF THIS CLAUSE, FOR SUCH NON-ECCLESIASTICAL CHARITABLE PURPOSES FOR THE GENERAL BENEFIT OF THE INHABITANTS OF THE AREA OF BENEFIT AS THE TRUSTEES THINK FIT.(3) THE APPORTIONMENT, STATED IN SUB-CLAUSES 2(1) AND 2(2), BETWEEN ECCLESIASTICAL AND NON-ECCLESIASTICAL CHARITABLE PURPOSES MUST NOT TO BE CHANGED WITHOUT THE AGREEMENT OF BOTH THE PCC AND THE COUNCIL. SUBJECT TO THAT AGREEMENT THE TRUSTEES MAY BY RESOLUTION ALTER THE APPORTIONMENT.