10 Sep 2015
Kids Company has suffered further media criticism after it was revealed that the charity paid the London School of Economics almost £40,000 for a glowing report about the impact of its work.
Professor Paul Palmer argues that educational underinvestment is preventing finance directors from taking the lead in exploiting new forms of funding.
Alan Yentob, the chair of Kids Company, has said allegations of financial mismanagement at the charity are "rubbish", and that the board turned down £3m of philanthropic funding because sexual abuse allegations made it impossible to continue.
He was just so nice - an over used word, but I can only ever see Daniel with a smile on his face. Genuine, wickedly funny, intelligent, oozing with foresight and interest.
Charity Finance Group chief executive Caron Bradshaw examines what the closure of Kids Company means to the charity sector.
Just over 80 per cent of small and medium charities are struggling to obtain enough funding and a further 63 per cent are “seriously worried” about ongoing income, according to a report released by Lloyds Bank Foundation.
The band Coldplay, which has donated around £8m to Kids Company over the years, is in talks with other philanthropists to save the charity's Treehouse Centre.
Kids Company reported a deficit in its free reserves in six of the past ten years despite receiving more than £90m in unrestricted income over the last decade - almost 80 per cent of all funding.