The current Scheme approved by the Charity Commissioners in 1978 (with subsequent amendments to distribution of the Church
Share) provides for the annual income to be divided as to:
- 50% to the historic Anglican Churches in Warwick;
- 30% to Kings Schools, Warwick;
- 20% to the Town.
The Church Share of the income provides the stipends and housing allowances for the Parishes of:
- St. Mary;
- St. Nicholas;
- St. Michael's, Budbrooke;
- St. Paul's, Warwick;
- All Saints, Emscote, Warwick.
The Trustees also provide the Vicar of St. Marys Church with the Vicarage.
The balance of the Church Share is allocated between the Parochial Church Councils.
The Schools Share is passed to the Foundation Governors and is ring-fenced by them for scholarships and bursaries awarded
to pupils attending Warwick School, Kings High School and Warwick Preparatory School whose homes lie within the Old Borough
The Town Share is distributed by way of discretionary grants made by the Trustees to and for the benefit of the inhabitants
There are ten Trustees of whom four are Nominative and six are Co-optative.
The distributable income is derived from rents, partly from the historic agricultural holdings of the Trust, and mainly
from the portfolio of commercial property and financial investments held.