Let me take you to section 42 of the 2005 act. Section 42(3) says:
“A ‘reorganisation scheme’ is a scheme for—
(a) variation of the constitution of the charity (whether or not in relation to its purposes),
(b) transfer of the property (after satisfaction of any liabilities) to another charity (whether or not involving a change to the purposes of the other charity), or
(c) amalgamation of the charity with another charity.”
Section 42(5) says:
“Sections 39 and 40 do not apply to any charity constituted under a Royal charter or warrant or under any enactment.”
I think that that is what you are hanging your hat on. However, section 42(6) goes on to say:
“But, despite subsection (5)”—
the enactment provision—
those sections do apply to an endowment if its governing body is a charity.”
I am not a lawyer, but my reading of section 42(6) is that it appears that you would be caught by it. Although you are established by enactment, given that your governing body is de facto—if not under current legislation—a charity, you have the power to reorganise by that means. I would be interested to hear your observations on that—without getting me to the point at which I, as a layperson, become so baffled that I dissolve.