The former charity Kids Company operated a “high risk business model”, according to a regulator’s report which said there was mismanagement and alleged that records were destroyed.
Kids Company supported vulnerable children and young people in London and Bristol, attracting a number of celebrity backers including former prime minister David Cameron, Coldplay, artist Damien Hirst and comedian Michael McIntyre.
The charity was supporting around 600 children in Bristol before it closed in 2015. Its closure came shortly after police launched an investigation, which was dropped seven months later, into unfounded allegations of abuse and exploitation at the charity, following the broadcast of a BBC Newsnight report.
