- Draft legislation
This is a draft item of legislation and has not yet been made as a UK Statutory Instrument.
1. Sections 4, 5, 8, 11, 12, 17 and 18 of the Act shall cease to have effect from the date on which this Scheme is given effect by an Order of the Secretary of State under section 17(2) of the Charities Act 1993.
2. Section 16 of the Act (power of amendment by way of Laws, Rules and Regulations subject to proviso) shall have effect as if the words “and that the benefits of the said Charity shall be limited to children whose father or mother shall have been born within the principality of Wales, the county of Monmouth, or the parishes of Oswestry, Sellatyn, and Llanymynech, in the county of Salop” were removed and the following words substituted therein:
“and that the purposes of the said Charity shall be limited to the education of children and young persons up to 25 years of age with a preference for children and young persons whose parents or grandparents were born in or are resident in Wales and more particularly by provision of a school for such children and young persons.”.
3. The Charity shall have the power to pay any premium in respect of any indemnity insurance to cover the liability of the Board of Governors (or any of them) which by virtue of any rule of law would otherwise attach to them in respect of any negligence, default, breach of duty or breach of trust of which they may be guilty in relation to the Charity, provided that any such insurance shall not extend:
(a)to any claim arising from any act or omission which the member of the Board of Governors seeking to be indemnified knew to be a breach of trust or a breach of duty or which was committed by him or her in reckless disregard of whether it was a breach of trust or breach of duty or not; or
(b)to the costs of an unsuccessful defence to a criminal prosecution brought against any member of the Board of Governors in his or her capacity as a trustee of the Charity.
4. Any question as to the construction of this Scheme or as to the regularity or the validity of any acts done or about to be done under this Scheme may be determined by the Charity Commissioners upon such application made to them for the purpose as they think sufficient.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.