The ST Michaels and ALL Saints Charity

THE TRUSTEES SHALL APPLY THE NET INCOME OF THE CHARITY IN THE FOLLOWING WAYS AND IN THE FOLLOWING ORDER OF PRIORITY:(A) TO APPLY 10% OF THE NET INCOME IN RELIEVING EITHER GENERALLY OR INDIVIDUALLY PERSONS RESIDENT IN THE CITY OF OXFORD AS CONSTITUTED FROM TIME TO TIME WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS BY MAKING GRANTS OF MONEY OR PROVIDING FOR ITEMS, SERVICES OR FACILITIES CALCULATED TO REDUCE THE NEED, HARDSHIP OR DISTRESS OF SUCH PERSONS: PREFERENCE TO BE GIVEN TO PERSONS RESIDENT IN THE ECCLESIASTICAL PARISH.(B) IN OR TOWARDS DEFRAYING THE COST OF REPAIRS TO THE FABRIC OF THE SAID PARISH CHURCH AND THE MAINTENANCE OF SERVICES THEREIN INCLUDING THE PROVISION OF MUSIC THEREIN AND THE REPAIR OF THE FURNITURE, FITTINGS AND ORGAN THEREOF.(C) IN DEFRAYING THE COST OF INSURANCE OF THE SAID PARISH CHURCH, THE ORGAN AND THE FURNITURE THEREIN.(D) TO PAY STIPENDS OF THE CLERGY OFFICIATING AT THE SAID PARISH CHURCH INCLUDING THE RECTOR PROVIDED THE APPLICATION OF THE INCOME BENEFITS THE SAID CLERGY BY INCREASING THEIR YEARLY INCOME. (E) TO MAKE GRANTS FOR SUCH RELIGIOUS AND OTHER CHARITABLE PURPOSES AS THE TRUSTEES AFTER CONSULTATION WITH THE PAROCHIAL CHURCH COUNCIL FROM TIME TO TIME DECIDE.