Whiteparish Educational Foundation

1. THE TRUSTEES MAY PAY SUCH OF EARLY SUM AS THEY THINK FIT TO THE MANAGERS OF THE WHITEPARISH CHURCH OF ENGLAND SCHOOL TO BE APPLIED TOWARDS THE COST OF ALTERATIONS AND REPAIRS TO THE SCHOOL. 2. THE RESIDUE OF THE NET INCOME SHALL BE APPLIED BY THE TRUSTEES IN ONE OR MORE OF THE FOLLOWING WAYS FOR THE BENEFIT OF BOYS AND GIRLS RESIDENT IN BENEFICIAL AREA WHO, IN THE OPINION OF THE TRUSTEES, ARE IN NEED OF FINANCIAL ASSISTANCE. (A) EXHIBITIONS OR GRANTS TENABLE AT ANY SECONDARY SCHOOL, TECHNICAL COLLEGE FOR TEACHERS, UNIVERSITY, OR OTHER INSTITUTION OF FURTHER (INCLUDING PROFESSIONAL AND TECHNICAL) EDUCATION APPROVED BY THE TRUSTEES. TO BE AWARDED UNDER RULES TO BE MADE BY THE TRUSTEES, INCLUDING RULES AS TO THE VALUE AND PERIOD OF TENURE OF THE EXHIBITIONS, AND THE QUALIFICATIONS, AND METHOD OF ASCERTAINMENT AND SELECTION OF CANDIDATES. (B) FINANCIAL ASSISTANCE, OUTFITS, CLOTHING, TOOLS, INSTRUMENTS OR BOOKS TO HELP BENEFICIARIES ON LEAVING SCHOOL, UNIVERSITY OR ANY OTHER EDUCATIONAL ESTABLISHMENT, TO PREPARE FOR, OR TO ENTER A PROFESSION, TRADE OR CALLING. (C) OTHERWISE PROMOTING THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF BENEFICIARIES.