11 Feb 2016
MPs blame trustees, ministers and Commission for 'extraordinary catalogue of failures' at Kids Company 6
Kids Company collapsed because of an “extraordinary catalogue of failures”, MPs said in a highly critical report today, which recommends “radical” changes to charity regulation and government grant giving.
There are lessons to be learned from the collapse of Kids Company, but we risk putting too much emphasis on one very atypical charity, says Kirsty Weakley.
The Charity Commission has updated its trustee guidance on reserves, CC19, but the Charity Finance Group has objected to its failure to consult on it first and expressed concerns that it could make the sector less resilient.
The Cabinet Office has announced a new clause in government grant agreements which will ban charities from using grant money to lobby government and Parliament.
A giant of the charity sector, but an even greater friend. I am truly devastated that Dave is no longer with us.
The government has promised a “fundamental review of how it makes grants” to charities, and has said it will create a central register of all charitable grants, following the collapse of Kids Company.
Financial services firm Deloitte is offering 40 partnerships to charities and social enterprises as part of its ‘One Million Futures’ programme, which will include volunteer support from the company's staff.
The Children's Investment Fund Foundation, one of the UK's largest grant-givers, spent $2m (£1.4m) on legal fees to settle a dispute between two trustees who were going through a divorce.
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