Friday, 7 August 2015

Kids Company

Kids Company are being accused of mishandling serious sexual assault allegations and this line of enquiry should be followed up, however, this is not why the charity collapsed after being given £3,000,000 pounds.

Senior directors at the charity Kids Company repeatedly warned trustees of the need to build up financial reserves or face going to the wall, as an analysis of the accounts show that its funding increased by more than 75% in five years.

Yesterday Camila Batmanghelidjh the Chief Executive of Kids Company acknowledged on the BBC Radio 4 programme Today that they had always spent as they had received and nothing would change that. John Humphries tried to explain that it was obviously not a good business model but Camila Batmanghelidjh insisted that Kids Company was a charity not a business, perhaps this is why she stepped down earlier in the year.

What is more worrying is despite receiving millions of pounds in government funding, it lived hand to mouth, never built up any reserves, and spent almost all its income each year and mostly on salaries, the last £3,000,000 received recently was used mostly for salaries it has been established.

Although lasting for 15 years, was Kids Company just a title for one person's glory?

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