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Free school 'mismanaged' funds

A flagship Government free school has mismanaged £86,335 of public money, according to a report today by the Education Funding Agency.

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Free School acknowledges 'poor governance'

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.

– Kings Science Academy spokesman

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