discharging their obligations under the education acts
payments to the governors
net income of the foundation
Finances:
Objects:
after payment of any expenses of administration, the net income of the foundation shall be applied by the trustees in the following ways:(1) in making payments to the governors for the time being of the school of the foundation to be applied by them for the purpose of discharging their obligations under the education acts 1944 to 1988 with respect to the maintenance of that school.(2) in making payments to the governors for the time being of any voluntary aided school in the area of the ancient parish of rotherhithe to be applied by them for the above-mentioned purpose with respect to the maintenance of such schools.(3) in providing special benefits which the governors as specified in sub-clauses (1) and (2) above are unable to provide from the school's budget allocation or other public funds.(4) in promoting the education of children who are attending as a pupil at a school in the area of the ancient parish of rotherhithe and who are in need of financial assistance.
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