Charities Bill next stage
7 July 2021
The Charities Bill reaches its next stage in the House of Lords today (7 April 2021). ACF has joined with our partners to produce a briefing for peers on the Bill.
The Bill implements a series of recommendations made by the Law Commission’s report on technical issues in charity law, building on the review of the Charities Act 2006 carried out by Lord Hodgson. ACF fed into the Law Commission work and we are pleased to see the Bill now seeking to implement most of the recommendations.
The Bill seeks to make a series of changes that will make it easier for charities to navigate the law and carry out their functions effectively, while retaining important safeguards. Of most importance to charitable foundations are changes around how permanent endowments are treated.
The Bill will:
- clarify and expand the statutory regime that applies to permanent endowment
- introduce a power for charities to borrow from their permanent endowment and to make certain social investments using permanent endowment
The Bill uses a special parliamentary procedure for Bills that implement non-controversial Law Commission proposals, and should be fast tracked. Today's stage in the House of Lords is the second reading committee stage.
The briefing is now available to view and download.