UK New Legislation,The Diocese of Ely (Educational Endowments) (Wormegay Church of England School) Order 2024

The Diocese of Ely (Educational Endowments) (Wormegay Church of England School) Order 2024

Background:

The Order is a statutory instrument made under the Education Act 2002. It concerns the educational endowments of the Church of England parish of Wormegay in the Diocese of Ely.

Purpose:

The purpose of the Order is to:

  • Consolidate and amend the existing schemes governing the endowments
  • Modernize the administration of the endowments
  • Ensure that the endowments are used effectively for the benefit of the school and the wider community

Key Provisions:

  • The Order establishes a new scheme for the administration of the endowments.
  • The scheme provides for the appointment of a body of trustees to manage the endowments.
  • The trustees will have powers to:
    • Invest the endowments
    • Make grants to the school and other educational purposes
    • Sell or lease endowment property
  • The Order also makes provision for the variation and amendment of the scheme in the future.

Benefits of the Order:

The Order is expected to provide a number of benefits, including:

  • Improved administration of the endowments
  • More effective use of the endowments for educational purposes
  • Greater flexibility in how the endowments are used to meet the changing needs of the school and the community

Consultation and Impact:

The Order was made after a period of public consultation. No objections were received during the consultation period.

The Order is expected to have a positive impact on the school and the wider community. It will ensure that the endowments are used effectively to support education in the area.

Availability:

The Order can be accessed on the UK Statutory Instruments website:

https://www.legislation.gov.uk/uksi/2024/23/made


The Diocese of Ely (Educational Endowments) (Wormegay Church of England School) Order 2024

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