Finances:
Objects:
the trustees of the educational charity shall apply the income of that charity in the following ways:(a) in promoting the education (including social and physical training) of persons under the age of 21 years who are resident in sudbury or who have attended as pupils at the school for at least two years and who are in need of financial assistance and in particular but without prejudice to the generality of the foregoing -(i) in awarding to such persons scholarships, exhibitions, bursaries, maintenance allowances or grants tenable at any school, university, college of education, or other institution of further (including professional and technical) education approved for the purpose by the trustees of the educational charity:(ii) in providing financial assistance, outfits, clothing, tools, instruments or books to assist such persons to pursue their education (including the study of music and other arts),to undertake travel in furtherance thereof, or to prepare for or enter a profession, trade, occupation or service on leaving school, university, or other educational establishment. (b) in or towards providing such special benefits of any kind not normally provided by the local education authority for the school as may from time to time be agreed between the trustees of the educational charity and the governors of the school.
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