On 20 August 2015, a winding-up order against Kids Company was made at the High Court of Justice of England and Wales, on the petition of Kids Company presented on 12 August 2015.
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10 Facts About Kids Company
2.
Kids Company won the Ernst and Young 'Social Entrepreneur of the Year 2005' award and Batmanghelidjh received the 'Woman of the Year' in 2006.
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3.
Kids Company depended on the financial support of charitable trusts and businesses, as well as grants from central and local government, including the City of London.
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4.
From 2009, the accounts of Kids Company presented to the Charity Commission contained repeated warning notes that the charity's financial reserves were inadequate relative to its size.
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5.
In March 2014, an audit of the charity carried out on behalf of the Charity Commission found that Kids Company had a "serious cash-flow" problem and noted that "without improving the cash position of the charity it is not possible to build reserves and invest in new activities and locations".
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6.
However, the Government sought to recover the money the following week on the ground that Kids Company had breached the terms of the grant; specifically, that some of the grant had been used to pay staff salaries.
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7.
NAO had reported in 2015 that Kids Company received public funding for at least fifteen years, with at least £42m provided in government grants, including £28m from the Department for Education and its predecessors.
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8.
Civil servants had noted that other organisations "appeared to offer better value for money" than Kids Company, which had "a consistent pattern of behaviour" of writing to ministers to express fears of redundancies and the impact of service closures, while raising the same concerns in the media in a way that tarnished the reputation of the government of the time.
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9.
Kids Company later admitted that she had used what she called "loving blackmail" on politicians to obtain funding.
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10.
Kids Company had served as a chairman of the board of trustees for Kids Company from 2003, until the collapse of the charity in 2015.
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