New Clause 7
Charities Bill [Lords]
2:30 pm
Loss of charitable status
‘Where charitable status is withdrawn from any organisation or institution the assets of that charity must be deployed or protected for the charitable purpose for which they were originally constituted with regard to—
(a) the continuity of that purpose;
(b) the need to maintain public confidence in that purpose; and
(c) the interests of beneficiaries.’.—[Martin Horwood.]