Governing document QUEEN'S COLLEGE, TAUNTON
Governing document
It is not the full text of the charity's governing document.
INSTRUMENT OF GOVERNMENT FOR THE METHODIST SECONDARY SCHOOLS ADOPTED 25 NOVEMBER 1981
Charitable objects
1) THE GOVERNORS SHALL FIRST DEFRAY OUT OF THE INCOME OF THE FOUNDATION THE COST OF REPAIRS AND INSURANCE AND ALL OTHER CHARGES AND OUTGOINGS PAYABLE IN RESPECT OF THE PROPERTY OF THE FOUNDATION AND ALL THE PROPER COSTS,CHARGES AND EXPENSES OF AND INCIDENTAL TO THE ADMINISTRATION AND MANAGEMENT OF THE FOUNDATION 2) THE GOVERNORS MAY MAKE SUCH PAYMENTS AS THEY THINK FIT FOR THE PURPOSE OF SECURING FOR SUCH EMPLOYEES OF THE FOUNDATION AS THE GOVERNORS DETERMINE THE AWARD OF PENSIONS OR CAPITAL SUMS OR BOTH AFTER THEIR EMPLOYMENT HAS CEASED 3) SUBJECT TO THE PAYMENTS AFORESAID THE GOVERNORS SHALL APPLY THE INCOME OF THE FOUNDATION IN MEETING THE COST OF MAINTAINING BURSARIES AND PROVIDING OTHER BENEFITS IN ACCORDANCE WITH THE PROVISIONS OF THIS INSTRUMENT AND IN OTHERWISE FURTHERING THE OBJECT OF THE FOUNDATION
Area of benefit
GENERAL
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