Charity lawyer Stephen Lloyd, one of the architects of the Community Interest Company structure, is leading a drive to convince the government to create a new legal form that advances a social purpose but also allows financial returns to private sector investors.

Social value is expensive and difficult to measure and results could be easily rigged by organisations applying to gain or retain contracts, according to speakers at the 3SC Commissioner’s Seminar at County Hall yesterday.

The long-term effect of the Upper Tribunal’s judgment on public benefit and independent schools will be a “shrunken and cautious Charity Commission”, according to charity lawyer Stephen Lloyd.

Trustees should take responsibility for difficult announcements at charities such as redundancies, according to a new report from New Philanthropy Capital.