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FOR SUCH PERIOD AS THE PROPERTY BELONGING TO THE CHARITY FORMERLY USED AS A VOLUNTARY SCHOOL WITHIN THE EDUCATION ACTS 1944-1986 (“THE PROPERTY”) SHALL BE USED AND OCCUPIED AS AN ACADEMY PURSUANT TO THE ACADEMIES ACT 2010 THE PROPERTY SHALL BE APPROPRIATED AND USED AS SUCH AN ACADEMY TO BE KNOWN AS THE CROSSLEY HEATH ACADEMY (OR BY SUCH OTHER NAME AS THE GOVERNING BODY OF SUCH ACADEMY SHALL FROM TIME TO TIME DECIDE)
5 (1) (A) AS TO SUCH SUM AS THE TRUSTEE MAY DETERMINE NOT EXCEEDING •24,000 OR ONE FIFTH OF SUCH INCOME (WHICHEVER IS THE GREATER), OR SUCH OTHER SUM AS THE CHARITY COMMISSION MAY FROM TIME TO TIME APPROVE, IN PROVIDING SUCH SPECIAL BENEFITS FOR THE CROSSLEY HEATH ACADEMY AS MAY FROM TIME TO TIME BE AGREED BETWEEN THE TRUSTEE AND THE GOVERNORS OF THE SCHOOL;
(1) (B) AS TO SUCH SUM AS THE TRUSTEE MAY DETERMINE NOT EXCEEDING •16,000 OR THREE TENTHS OF SUCH INCOME (WHICHEVER IS THE GREATER), OR SUCH OTHER SUM AS THE CHARITY COMMISSION MAY FROM TIME TO TIME APPROVE, IN PROMOTING THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF PERSONS UNDER THE AGE OF 25 YEARS WHO OR WHOSE PARENTS ARE RESIDENT IN THE AREA OF THE BOROUGH COUNCIL OF CALDERDALE OR WHO HAVE AT ANY TIME ATTENDED AS A PUPIL AT ANY SCHOOL OR FORMER SCHOOL OF THE CHARITY 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 TRUSTEE;
(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.
(1) (C) AS TO THE RESIDUE OF SUCH INCOME, FOR THE BENEFIT OF PERSONS WHO HAVE LOST EITHER BOTH PARENTS OR ONE PARENT, OR WHOSE PARENTS ARE LIVING TEMPORARILY OR PERMANENTLY APART, PREFERENCE BEING GIVEN TO SUCH PERSONS AS AFORESAID WHO ARE RESIDENT IN THE AREA OF THE FORMER COUNTY OF YORK, IN ONE OR BOTH OF THE FOLLOWING WAYS:
(I) IN RELIEVING SUCH PERSONS WHO ARE IN CONDITIONS OF NEED, HARDSHIP AND DISTRESS;
(II) IN PROMOTING THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF SUCH PERSONS.
