Finances:
Objects:
the expenses of an annual award for boys of king edward vi school at chelmsford going up to university for the purchase of books in connection with their studies thereat. towards the provision of such amenities of benefits of any kind for the school not normally provided by the local education authority. grant fund a school within the meaning of the education acts (including an academy) in which religious instruction shall be given in accordance with the principles of the christian faith.the governors may apply a yearly sum of not more than £500 in providing such benefits of any kind for the school as they deem appropriate being benefits of a kind not ordinarily provided from grant paid under section 79(1) of the education reform act 1988. the residue of the said net income shall be applied by the governors in one or more of the following ways:a) in awarding to beneficiaries scholarships, bursaries, maintenance allowances or grants tenable at any school, university or other place of learning approved by the governors.b) in providing financial assistance, outfits, clothing, tools, instruments or books to help beneficiaries on leaving school, a university or any other educational establishment to prepare for or to enter, a profession, trade or calling.c) in awarding scholarships or maintenance allowances to enable beneficiaries to travel abroad or pursue their education.d) in providing or assisting in the provision of facilities, of any kind not normally provided from grant paid under section 79(1) of the education reform act 1988, for recreation and social and physical training, including the provision of coaching in athletics, sports, and games, for beneficiaries who are receiving primary, secondary or further education; ande) in providing financial assistance to enable beneficiaries to study music and other arts.(beneficiaries means persons under 25 who are about to attend or have attended for a period of 2 years the school or are resident in chelmsford and who are in need of financial assistance)
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