Foundation of Light gets welcome injection of cash

CASH INJECTION: From left, Social Enterprise Acumen chief executive Kate Welch, UNW corporate finance team senior manager Jo Powell and Foundation of Light development director Ken Teears.
CASH INJECTION: From left, Social Enterprise Acumen chief executive Kate Welch, UNW corporate finance team senior manager Jo Powell and Foundation of Light development director Ken Teears.
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THE Black Cats’ charity arm has scored a major cash injection from a Government fund.

The Foundation of Light was advised by accountants UNW on its bid for a £45,637 share of the Impact Readiness Fund (IRF).

The IRF funding will enable us to take our ability to demonstrate impact to the next level, making us more efficient and helping us to provide relevant information

Ken Teears, Foundation of Light

UNW teamed up with Social Enterprise Acumen CIC in Durham to secure the cash.

Foundation of Light development director Ken Teears, said: “We are delighted to have secured funding from IRF.

“We have almost 40,000 course registrants each year and we use multiple tools and processes to track and report on the fantastic outcomes that we help people achieve.

“The IRF funding will enable us to take our ability to demonstrate impact to the next level, making us more efficient and helping us to provide relevant information to our stakeholders, to show the difference we are making and to secure new funding to help more people.”

UNW corporate finance team senior manager Jo Powell, added: “Commissioners and funders need evidence about an organisation’s social impact before they will consider appointing contracts, or offering repayable investment.

“Without the right systems and experience, many worthy social ventures struggle to show their impact.

“We are delighted our social enterprise experts at UNW have been able to help social enterprises in our region solve this problem by securing them grant funding.”

Based at the Stadium of Light, the foundation operates from centres across Sunderland, South Tyneside and County Durham.