Friday, August 21, 2015

Court report

The Charity Commission has upgraded its investigation into what went wrong at Kids' Company from a "live compliance case" to a statutory inquiry.

"In light of the intense public scrutiny and speculation over the charity’s activities, and the increasing number of allegations in the public domain about its governance and financial management, the Commission has now formalised its engagement in a statutory inquiry in order to investigate and put on the public record whether or not these allegations are found to be true.”

Meanwhile Matthew Stone, senior examiner and deputy official receiver at the Insolvency Service, has been appointed as the Official Receiver for Kidsco at a hearing in the Companies Court division of the High Court. The appointment was made by Registrar Sally Barber, who regretted that an organisation with “good intentions should come to such an end..... regrettably it is now insolvent and all attempts at rescue and restructure have not worked”.

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