Turn to page 11 of the Commons Public Administration and Constitutional Affairs Committee’s report into the implosion of the charity Kid’s Company and you’ll find the following interesting passage: “Mr Letwin acknowledged that the charity historically relied upon Government for cash flow, but pointed out that this didn’t necessarily indicate financial mismanagement on the part of trustees. Instead, he observed that this 'may be a sign of quite cunning financial management, just a particular kind, which I don’t happen to think is the right way to do business’ ”.