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
Survey finds many children have encountered dangers online but their parents are disregarding the hazards and failing to educate them
Spiders are able to travel across water like ships, using their legs as sails and silk as an anchor, according to new research.
Patient care will suffer if the Chancellor does not announce additional NHS funding in next week's budget, a think tank has warned.