An investigation by the Financial Times into the Presidents Club Charity Dinner, held at London's Dorchester Hotel in Mayfair on 18 January, claims that some of the 130 specially hired female hostesses - who were told to wear skimpy black outfits with matching underwear and high heels - were sexually harassed.
Both Barnardo's and the NSPCC are listed as past recipients of funding on the Presidents Club website.
The NSPCC said it would not be accepting any donations raised from last week's event.
"Reported behaviour at the event was unacceptable," an NSPCC spokeswoman said.
"We constantly review our relationship with any individual or organisation, which we will be doing in this case. We have not been offered - and would not accept - any donations raised from this event."
A Barnardo's spokeswoman said: "We have no plans to accept any future funding from the Presidents Club Charitable Trust and will continue to adhere to our robust due diligence processes for individual and corporate donors."
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