Between May and June of 2018, the Pinelands Creative Workshop received technical and capacity assistance from Accounting for International Development (AfID). AfID is an organisation of trained accounts dedicated to building international NGO capacity through sound financial management. Working side by side with local NGOs AfID focuses on areas like audit preparation; cash-flow forecasting; cash management & financial planning; coaching & mentoring new or inexperienced FMs/FOs and CDs and the review and development of local income generation activities.
As part of PCW’s on-going capacity building and institutional strengthening mandate, Financial Executive Officer, Shelly Durant-Forde, worked alongside Kate Masters, the first AFID volunteer on assignment at PCW.
Over the six week assignment, Shelly was fully immersed in a hands-on learning process with Kate. Together they assessed PCW’s accounting and financial management system and implemented recommendations that fit in with our diverse programmes. Additionally, Kate helped the organisation prepare for an external audit by ensuring that the accounts were well prepared, she also helped us prepare cash-flow forecasting based on our current budgets. By the end of the assignment, they had also identified some resources available to our staff through the organisation’s unique skill set.
Kate’s extensive knowledge was also utilized to examine the Bike Project, one of our social enterprises. As part of this process, she reviewed the structure of the project and after reviewing its assets, costs, prices, etc, she made recommendations for how it could be improved.
Planning for the future, PCW continues to examine ways to strengthen its financial position by looking to diversify its funding methods and investigating safe investments. Through methodical and evidence-based approaches, Kate was able to provide solid recommendations on ways to expand investments.
The AfID partnership has helped PCW place greater attention on its financial management. Our commitment to transparency, accountability, effectiveness, and efficiency, all key to good governance is now on a more structured footing.