Governing document BISHOP LLOYD'S CHARITY

Governing document
It is not the full text of the charity's governing document.
SCHEME DATED 18 MAY 1897 AS AMENDED BY MINISTER OF EDUCATION'S SCHEME DATED 2 SEPTEMBER 1958 AND BY CC SCHEME DATED 25 APRIL 1974.
Charitable objects
1. ONE HALF OF THE SAID NET INCOME TO ENABLE MANAGERS OR GOVERNORS OF ANY AIDED SCHOOL IN THE DIOCESE OF WORCESTER WHEREIN RELIGIOUS INSTRUCTION IS GIVEN IN ACCORDANCE WITH THE PRINCIPLES OF THE C OF E TO CONCUR IN ANY FINANCIAL SCHEMES OPERATED BY THE DIOCESE OF WORCESTER AND MAY MAKE PAYMENTS OUT OF THE SAID NET INCOME IN CONNECTION THEREWITH. 2. THE RESIDUE OF THE SAID NET INCOME SHALL BE APPLIED FOR THE BENEFIT OF PERSONS OF EITHER SEX RESIDENT IN THE PARLIAMENTARY BOROUGH OF WORCESTER WHO HAVE NOT OBTAINED TWENTY-FIVE YEARS OF AGE WHO ARE IN NEED OF FINANCIAL ASSISTANCE.
Area of benefit
WORCESTER
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