A spokesman for Kings Science Academy told Newsnight the school acknowledges it had suffered from "poor governance issues".
The matters which you raise relate to issues regarding finance and governance two years ago during the Academy set-up process.
We acknowledge there were poor governance issues during the start-up due to the pace of setting up the new school in two/three months.
These have since been addressed with the support of external auditors and accountants. All payments received from DfE have been fully accounted for by the Academy, and any sums incorrectly claimed have been repaid.
More top news
The position, posted on the British Monarchy website, pays £16,000 a year for 20 hours a week.
The parents of missing 15-year-old Bristol schoolgirl who is believed to be heading to Syria have urged her to come home.
I think it is fair to say that was the best speech I have seen David Cameron give in the decade I have been reporting on him.