The Diocese of Lincoln (Educational Endowments) (Navenby Church of England School) Order 2019
| Jurisdiction | UK Non-devolved |
| Citation | SI 2019/9 |
| Year | 2019 |
2019 No. 9
Education, England
The Diocese of Lincoln (Educational Endowments) (Navenby Church of England School) Order 2019
Made 8th January 2019
Coming into force in accordance with article 1
It has been shown to the satisfaction of the Secretary of State for Education (“the Secretary of State”) that the endowment of the educational foundation known as Navenby Church of England School in the County of Lincolnshire is or has been held in connection with the provision of religious education in accordance with the tenets of the Church of England at a voluntary school, the premises of which have ceased to be used for the purposes of such a school.
The endowment is comprised in a gift of land by the Dean and Chapter of Lincoln Cathedral to the Rector and Churchwardens of the Parish of Navenby in 1816.
The proceeds of sale of the former school premises, comprised in the above mentioned gift, were the subject of an agreement dated 2nd February 2017 between Lincolnshire County Council and the Diocese of Lincoln pursuant to paragraph 2(6) of Schedule 3 to the School Standards and Framework Act 19981whereby the said proceeds of sale were paid to Lincolnshire County Council.
Application for an order making new provision as to the use of the remainder of the endowment comprising the interest accrued on the said proceeds of sale up to the date of the above mentioned determination has been made to the Secretary of State by Lincoln Diocesan Trust and Board of Finance Limited, the trustee of the foundation, which body appears to the Secretary of State to be the appropriate authority of the Church of England for the purpose.
The assets representing the endowment of the foundation consist of £118,243.31 being the interest accrued on the net proceeds of sale of the former school premises and held on deposit at CCLA Investment Management Limited and any income derived from those assets before the coming into force of this Order.
Notice of the proposed Order and of the right of persons interested to make representations on it has been given in the manner required by section 555(2) and (3) of the Education Act 19962.
No representations have been made on the proposed Order.
Accordingly, the Secretary of State makes the following Order in exercise of the powers conferred by sections 554 and 556 of the Education Act 19963—
Citation and commencement
1. This Order may be cited as the Diocese of Lincoln (Educational Endowments) (Navenby Church of England School) Order 2019 and comes into force on the day after the day on which it is made (“the operative date”).
Interpretation
2. In this Order—
“the gift ” means the gift of land by the Dean and Chapter of Lincoln Cathedral to the Rector and Churchwardens of the Parish of Navenby in 1816.
“the endowment” means the endowment comprised in the gift.
“the foundation” means the educational foundation known as Navenby Church of England School.
“the Diocesan Board” means Lincoln Diocesan Trust and Board of Finance Limited; and
“trust assets” means the sum of £118,243.31 held on deposit at CCLA Investment Management Limited representing the endowment of the foundation and being the interest accrued on the proceeds of sale of the former school premises comprised in the gift, together with any income derived from those proceeds of sale (whether before or after the operative date).
Division of foundation and trust assets
3.—(1) The trust assets must be divided into two separate trust funds, namely—
(a)
(a) the Navenby Church of England School Fund (“the School Fund”), comprising eleven-fourteenths of the trust assets; and
(b)
(b) the Navenby Church of England School Religious Education Fund (“the Religious Education Fund”), comprising three-fourteenths of the trust assets.
(2) The apportionment...
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