The Sedgefield Educational Foundation

INCOME TO BE APPLIED IN EITHER OR BOTH OF THE FOLLOWING WAYS:- (A) IN PROVIDING FOR ANY SCHOOL IN THE TOWN OF SEDGEFIELD AND THE PARISHES OF BRADBURY AND THE ISLE, FISHBURN, MORDEN AND ALL THE COUNTY OF DURHAM OR SUBSTANTIALLY SERVING THE SAME SUCH SPECIAL BENEFITS OF ANY KIND NOT NORMALLY PROVIDED BY THE LOCAL EDUCATION AUTHORITY AS MAY FROM TIME TO TIME BE AGREED BETWEEN THE TRUSTEES AND THE GOVERNORS OF THE SCHOOL CONCERNED; (B) IN PROMOTING THE EDUCATION, INCLUDING SOCIAL AND PHYSICAL TRAINING, OF PERSONS IN NEED OF FINANCIAL ASSISTANCE WHO ARE UNDER THE AGE OF 25 YEARS AND WHO ARE OR WHO HAVE A PARENT RESIDENT IN THE AREA OF BENEFIT IN ONE OR MORE OF THE FOLLOWING WAYS AS THE TRUSTEES THINK FIT: SEE (I)-(IV) CLAUSE 24(B) OF SCHEME.