Gilligate Church Estate Charity

THE ESTATE FUND INCOME TO BE APPLIED(A) FOR MEETING THE COST OF MAINTENANCE OF PROPERTY OF THE CHARITY;(B) FOR DEFRAYING ADMINISTRATIVE COSTS OF THE CHARITY;(C) ESTABLISHING AND MAINTAINING AN ERFSUBJECT TO THE ABOVE,THE INCOME TO BE DIVIDED AS FOLLOWS:-(1) ONE-EIGHTH TO ST.GILES SCHOOL FUND (2) ONE-EIGTH TO BELMONT SCHOOL FUND(3) FOUR-EIGHTHS TO THE PARISH CHURCH OF ST.GILES DURHAM (4) TWO-EIGHTHS TOTHE PARISH CHURCH OF ST.MARY MAGDALENE,BELMONT.THE CHARITY FUND INCOME TO BE APPLIED FOR DEFRAYING ADMINISTRATIVE COSTS OF THE CHARITY AND SUBJECT THERETO,AS FOLLOWS:-(1) ONE HALF TOWARDS PROVIDING THE STIPEND FOR A CURATE FOR THE ECCLESIASTICAL PARISH OF ST.GILES,DURHAM;(2) ONE HALF TOWARDS PROVIDING THE STIPEND FOR A CURATE FOR THE ECCLESIASTICALPARISH OF ST.MARY MAGDALENE,BELMONT.(FOR FURTHER DETAILS SEE CLAUSES 3-10 OF 1995 SCHEME).