The charity, which was the government's strategic partner for early years and childcare, went into administration last week after transferring many of the services it provides to Action for Children and local authorities.
Imelda Redmond, who took over as chief executive of 4Children from Longfield in March 2015, said the collapse was down to changes in the charity's contract portfolio, alongside broader funding pressures.
The charity's annual report for 2014/15 show that during that financial year it had an income of £29.5m, but outgoings of £32.3m - the first time the organisation spent more money than it received in at least five years. The accounts for 2015/16 are yet to be published.
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
