557 Adoption of statutory trusts
Education Act 1996 (1996 c 56) | Legislation

557  Adoption of statutory trusts

(1)     This section applies to endowments which are—

(a)     regulated by a qualifying scheme under the Endowed Schools Acts 1869 to 1948 as applied by section 86(1) of the Education Act 1944 or by an order under section 554 of this Act or section 2 of the Education Act 1973; and

(b)     held under any such scheme or order on trusts which provide for capital or income or both to be applicable for or in connection with—

(i)     the provision of religious education [or teaching and learning in Religion, Values and Ethics] at relevant schools, or relevant schools of any description (but not only at a particular school or schools) in a diocese or other geographical area; or

(ii)     the provision of premises for relevant schools, or relevant schools of any description (but not only at a particular school or schools) at which religious education [or teaching and learning in Religion, Values and Ethics] is or is to be provided in a diocese or other geographical area;

but this section does not apply to an endowment if or in so far as it constitutes

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