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Interpretation

2.  In this Order—

“the deed” means the deed of the foundation being a deed dated 16th October 1845 and made between (1) the Reverend Edward Garfit and (2) the Reverend William Brocklehurst Stonehouse, the Reverend Charles Macquaric George Jarvis and the Reverend George James Atkinson;

“the endowment” means the endowment comprised in the deed;

“the foundation” means the educational foundation known as Saxilby Church of England School;

“the Diocesan Board” means Lincoln Diocesan Trust and Board of Finance Limited; and

“trust assets” means the sum of £66,015.49 held on deposit at CCLA Investment Management Limited representing the remaining endowment of the foundation and being the proceeds of sale of the teacher’s house, together with any income derived therefrom (whether before or after the operative date).