The Foundation Charity of Bishop Vesey's Grammar School

AFTER PAYMENT OF ANY EXPENSES OF ADMINISTRATION, THE NET INCOME OF THE FOUNDATION SHALL BE APPLIED BY THE GOVERNORS IN ONE OR MORE OF THE FOLLOWING WAYS:—(A) THE PROVISION OF A SITE IN SUTTON COLDFIELD FOR THE SCHOOL.(B) IN PROVIDING SPECIAL BENEFITS FOR THE SCHOOL OF A KIND NOT NORMALLY PROVIDED BY PUBLIC FUNDS.(C) IN AWARDING TO PUPILS WHO ARE ATTENDING, OR WHO HAVE ATTENDED, THE SCHOOL EXHIBITIONS TENABLE AT THE SCHOOL OR AT ANY TRAINING COLLEGE FOR TEACHERS, UNIVERSITY OR OTHER INSTITUTION OF FURTHER (INCLUDING PROFESSIONAL AND TECHNICAL) EDUCATION APPROVED BY THE GOVERNORS. EXHIBITIONS MAY COMPRISE PAYMENTS IN RESPECT OF FEES OR BY WAY OF MAINTENANCE ALLOWANCE, AND SHALL BE AWARDED UNDER RULES TO BE MADE BY THE GOVERNORS, INCLUDING RULES AS TO THE VALUE AND PERIOD OF TENURE OF THE EXHIBITIONS AND THE QUALIFICATIONS AND METHOD OF ASCERTAINMENT AND SELECTION, OF CANDIDATES.(D) IN PROVIDING FINANCIAL ASSISTANCE, OUTFITS, CLOTHING, TOOLS, INSTRUMENTS OR BOOKS TO ENABLE PUPILS AND FORMER PUPILS OF THE SCHOOL ON LEAVING THE SCHOOL OR OTHER EDUCATIONAL INSTITUTION TO PREPARE FOR, OR TO ASSIST THEIR ENTRY INTO, A PROFESSION, TRADE OR CALLING.(E) IN OTHERWISE PROMOTING THE EDUCATION, INCLUDING SOCIAL AND PHYSICAL TRAINING, OF PUPILS AND FORMER PUPILS OF THE SCHOOL.