(1) The apportionable income of the Big Lottery Fund in each financial year is to be apportioned as follows and distributed accordingly -
(a) a prescribed percentage for meeting expenditure in relation to England;
(b) a prescribed percentage for meeting expenditure in relation to Wales;
(c) a prescribed percentage for meeting expenditure in relation to Scotland;
(d) a prescribed percentage for meeting expenditure in relation to Northern Ireland.
The four percentages must add up to 100%.
(2) Expenditure within paragraphs (a), (b), (c) and (d) of subsection (1) is referred to in this Part as English expenditure, Welsh expenditure, Scottish expenditure and Northern Ireland expenditure respectively.
(3) For the purposes of this section, the apportionable income of the Big Lottery Fund for a given financial year is-
A is the amount of dormant assets money received by the Fund in the year;
B is the amount of the expenses defrayed in the year under subsections (1) and (2
…