KN Walford Consultancy highlights importance of financial solidity after showpiece event

KN Walford Consultancy, the leading advisor to all sizes of Third Sector organisations on structure and bid planning, has highlighted the importance of a solid financial foundation for charities and social enterprises.

 

The statement comes days after the 2018 Charity Finance Summit, which was held on Thursday, 11th October. The Charity Finance Summit, held at 155 Bishopsgate in the heart of the City of London's financial district, offered a broad speaker programme which tackled the pressing issues facing today's Third Sector organisations. Right at the forefront of the topics discussed was financial planning and the importance of a sound financial structure.

 

KN Walford Consultancy has taken the opportunity to stress that Third Sector entities must ensure that they are financially sound in order to achieve greater success in funding bids. The firm has made its assessment based on first hand experience, as it typically works with non-profits to ensure that their financial structure is right, before moving on to the specifics of bid planning or reviews and amendments. The message is clear - without a solid financial foundation, you could be harming your chances of success.

 

Kemar Walford, Director of KN Walford Consultancy Ltd, said: "From the seminar on Risk Appetite to the talk on Maximising VAT Recovery and Understanding Partial Exemption, the themes of this year's Charity Finance Summit were heavily finance related, and that is representative of a critical issue facing the Third Sector. Charities and social enterprises need to be as proactive and prudent with their finances as profit-focused businesses are, if they are to develop as organisations and attract the funding they need to further their causes."

 

ENDS

 

Notes for Editors:

 

For more information contact Kemar Walford on 07961 738067 or email kemar@knwconsultancy.com. 

 

You can also visit https://www.knwconsultancy.com/


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About KN Walford Consultancy Ltd

Funding Consultant/ Trainer and Speaker for the Third sector