DIANE Abbott spent nearly all her charity’s annual £35,000 income on a lavish Parliament bash - then boasted she could help youngsters “achieve their dreams”.

The Labour frontbencher hosted a ceremony in three of Westminster’s plushest rooms – but left less than £2,000 for awards winners.

3 Diane Abbott may need to start practicing what she preaches

Shadow health secretary Abbott’s self-titled education foundation spent just over £29,000 on hosting the event for aspiring children.

The revelations come just months after the leftie said she wanted to use her charity “to build some specific legacies around education” and “do international works”.

She also revealed she wanted to “support families on how to help black boys, in particular, to achieve their dreams”.

3 Diane Abbott was late filing her charity's accounts Credit: PA:Press Association

Accounts filed show she spent £12,539 on room hire and catering, £8,360 on event production, sound and lighting and another £3,000 on marketing for the invitation-only free event.

The breakdown also includes £1,775 on stationery and mailing and a staggering £700 on “artist performance fees” for the London Schools and the Black Child event in October 2014.

At the end of the year, it was left with more than £5,000 in its accounts.

Their objectives, as detailed on the Charity Commission website, includes “the advancement of education” and “promotion of equality and diversity” and makes grants to organisations.

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The first year of accounts showed the Diane Abbott Foundation received £35,000 made up of £25,000 from City firm Prudential and £10,000 from law firm Linklaters.

The accounts have only recently been filed after she faced a fine for late reporting.

The first few months showed she hadn’t personally donated any money to her foundation despite declaring £2,000 for an appearance on quiz show Fifteen to One that year and £700 for each appearance on late night political programme This Week.

She was heavily criticised in 2003 for sending her son to the £10,000-a-year City of London school.

3 Labour lefties Diane Abbott and Jeremy Corbyn had a relationship in the late 70s

Abbott has risen to the front bench under the leadership of her former lover and current Labour leader Jeremy Corbyn.

A statement from Diane Abbott claimed the allegation that “money was somehow squandered is a malign attempt to diminish” the LSBC awards scheme.