The report, published by the charity watchdog, highlighted multiple shortcomings at Kids Company in a number of areas, from record-keeping to maintaining financial reserves and failing to act quickly enough to improve the charity’s financial stability.

The formal finding of the report was that there was ‘mismanagement in the administration of the charity’ due to its inability to pay tax bills on time, finding that the charity had repeatedly failed to pay tax, owing HMRC £1.1m in June 2015 and at the time of its collapse £850,000, and had failed to pay its own workers.

The inquiry raised concerns about trustees’ failure to assure good record-keeping as it was only able to gather ‘partial’ records for 25 ‘top clients’ and that the charity was spending around £1,800 each per month between January and July in 2014.

It also