An investigation carried out by the National Audit Office (NAO) into the Government’s funding of Kids Company, which closed in August, reveals that despite ‘repeatedly expressed concerns’ from officials about the charity’s future cashflows and poor financial management as far back as 2002, the Government continued to respond to the charity’s requests for funding.
Former bosses at the charity, which was founded by Camila Batmanghedlidjh in 1996, have denied it was financially mismanaged.
Officials accepted assertions from Kids Company, which provided support to vulnerable families in London and Bristol, that it would become insolvent without Government grant funding.
According to the NAO, an independent body that audits government departments, over a period of at least 15 years, Kids Company received around £42m in central government grants, £2m from councils and £2m of lottery money.
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