DECLARATION OF TRUST DATED 13 JANUARY 2004 AS AMENDED BY SPECIAL RESOLUTION DATED 21 JUNE 2008 (AS AFFECTED BY A UNITING DIRECTION LETTER DATED 9 JULY 2008)

TO ADVANCE THE EDUCATION OF THE PUPILS IN SIBFORD SCHOOL, PARTICULARLY BUT NOT EXCLUSIVELY BY: (I) THE PROVISION OF BURSARY OR OTHER FINANCIAL ASSISTANCE TO PUPILS ATTENDING THE SCHOOL; (II) ASSISTING FUNDING CAPITAL PROJECTS TO UPGRADE ENHANCE OR EXTEND THE SCHOOL'S LAND OR BUILDINGS INCLUDING CONSTRUCTING NEW PREMISES; (III) THE PROVISION OF INSTALLATIONS, FACILITIES OR EQUIPMENT FOR THE BENEFIT OF THE SCHOOL; (IV) MORE GENERALLY, OR IN EXCEPTIONAL CIRCUMSTANCES, TO PROVIDE FUNDING FOR WIDER MEASURES THAT MAY BECOME NECESSARY TO SAFEGUARD THE SCHOOL, OR TO ENSURE ITS FUTURE SUCCESS AND SURVIVAL; (V) MAKING COMMERCIAL LOANS TO THE SCHOOL TO ASSIST IN ITEMS (I) TO (IV) ABOVE BUT IN THE CASE OF ITEMS 3 (II) TO 3 (V) ABOVE, OUTLAY IS NOT TO BE INCURRED IF IT RESULTS IN THE FOUNDATION PROVIDING FUNDING FOR AREAS OF OUTLAY THAT SHOULD PROPERLY HAVE BEEN TAKEN CARE OF BY NORMAL PRUDENT PLANNING AND MANAGEMENT OF THE SCHOOL'S FINANCIAL RESOURCES.

OXFORDSHIRE

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