The purpose of the Foundation is:-
1) To apply one third of the income or as near thereto for the advancement of education including religious education in the principles of the Church of England as the trustees may decide.
(2) As to the residue thereof, in either or both of the following ways:
(a) In providing for any maintained Church of England or other maintained school in the City of Leicester.
(b) In promoting the education including social and physical training, of persons in need of financial assistance and under the age of 25 years who or one of whose parents are or is in resident in the area of benefit.
Clerk to the Trustees