My Lords, as the noble Lord, Lord Swinfen, said, we discussed this at Second Reading and in Committee on
"There is a significant gap in the regulation of charities which has historically been concerned only with the material assets of a charity".
He also said:
"As charities exist for their beneficiaries, it is rather odd that charity law allows the regulator to ignore their interests".—[Hansard, 28/6/05; col. 193.]
"It shall be the general object of the Commissioners so to act in the case of any charity . . . as best to promote and make effective the work of the charity in meeting the needs designated by its trusts".
I repeat the phrase,
"the needs designated by its trusts".
Whose needs? It is the beneficiaries' needs. The commission's new objectives in the Bill also have the interests of beneficiaries.