Agenda item

Report of the Remembrancer.

The Board received a report of the Remembrancer regarding the Charities (Protection and Social Investment) Bill. Members noted that the Bill proposed greater powers for the Charity Commission to address misconduct by trustees, and gave charities new power to make social investments. Members also noted that although the latter affected this Board by virtue of its impact on the social investment market as a whole, it did not affect Bridge House Estates monies as this social investment components of the Bill did not apply to charities established by Royal Charter or by legislation, and were therefore exempt.

RESOLVED – That the report be noted.