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The Diocese of Lincoln (Educational Endowments) (Navenby Church of England School) Order 2019
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- UK Statutory Instruments
- 2019 No. 9
- Article 3
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Division of foundation and trust assets
3.—(1) The trust assets must be divided into two separate trust funds, namely—
(a)the Navenby Church of England School Fund (“the School Fund”), comprising eleven-fourteenths of the trust assets; and
(b)the Navenby Church of England School Religious Education Fund (“the Religious Education Fund”), comprising three-fourteenths of the trust assets.
(2) The apportionment of the trust assets required by virtue of this article must be made in every case after payment of any expenses of administration in accordance with article 5(1).
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