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SCHEME OF 12 SEPTEMBER 1961 AS VARIED BY RESOLUTION UNDER SEC 2 C.A. 1985, COMMISSIONERS GAVE NOTICE OF CONCURRENCE ON 19 AUGUST 1987, AS AMENDED BY SCHEME OF THE 19TH MAY 1995
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(1) THE TRUSTEES SHALL APPLY THE CLEAR INCOME OF THE CHARITY IN PROMOTING THE EDUCATION THE EDUCATION OF PERSONS UNDER THE AGE OF 25 YEARS WHO ARE RESIDENT IN THE ANCIENT PARISH OF SANDY AND WHO ARE IN NEED OF FINANCIAL ASSISTANCE IN SUCH MANNER AS THE TRUSTEES SHALL FROM TIME TO TIME THINK FIT. (2) IF AND IN SO FAR AS THE SAID INCOME IN ANY YEAR IS NOT REQUIRED FOR APPLICATION AS AFORESAID THE TRUSTEES MAY APPLY THE SAME FOR THE RELIEF OF PERSONS UNDER THE AGE OF 25 YEARS RESIDENT AS AFORESAID WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS EITHER IN GIFTS OF KIND OR GRANTS OF MONEY.