Latest blogs
Charity Finances in Flux: What the Latest Reporting Changes Mean for You
It's all change soon... and if you’re a charity leader, bookkeeper, or trustee, you’ll want to be paying attention! The Charity SORP (Statement of Recommended Practice) - the framework that guides how charities prepare their accounts - is set for an overhaul. A public...
Budgeting Through a Funding Crisis: A 5-Step Plan for Nonprofits
Funding shortfalls happen, but they don't have to spell disaster for your nonprofit! Whether a major grant falls through, donations dip, or the cost of delivering your programmes suddenly skyrockets, many nonprofit and mission-led organisations are facing new...
Why Financial Planning is Non-Negotiable for Charities and Social Enterprises in Tough Times
Why Financial Planning is Non-Negotiable for Charities and Social Enterprises in Tough Times It’s often said that finance is one of the most important resources in an organisation. But in many small non-profits, it still isn't treated that way. Instead, finance gets...
Government Aid Cuts Are Hitting Charities Hard – Why Reserves and Diversification Are More Critical Than Ever
Government Aid Cuts Are Hitting Charities Hard - Why Reserves and Diversification Are More Important Than Ever In BAnC Services’ February Newsletter, I wrote about reserves - the financial safety net that can help charities navigate uncertain times. At the time, we...
Why Financial Management is Essential for Nonprofits And How You Can Master It in Just 5 Days
Struggling with charity finances? Join our FREE 5-day training with Aishat Idris to gain confidence, stay compliant, and strengthen your finances!
Shining a Light on Trustees during Trustee Week 2024
Trustee Week: 4 – 8 November 2024 A dedicated time to give a big shout-out to the unsung heroes of the charity world! Trustees a re those incredible people who work tirelessly behind the scenes to ensure nonprofits stay on course, make wise decisions, and create...
Money Matters: How Directors in Social Enterprises Can Get Paid – What You Need to Know
Introduction Running a social enterprise is about finding a balance between driving a mission and ensuring the organization stays financially sustainable. One question that often comes up from founders and directors is: Can I invoice the company instead of setting up...
Money Matters: Paying Charity Trustees
Introduction Charity trustees play an important role in running charities. Most trustees work as volunteers and are not paid, but there are situations where they can be paid. This blog explains when and why trustees might be paid. When Can Trustees Be Paid? If the...
Nonprofits: 6 Strategies for Navigating the Financial Challenges of Inflation
Introduction Nonprofits play a vital role in communities, by providing essential services and tackling critical social issues not being addressed by the Government. With an all-time inflation high though, they face a massive challenge! The cost of everything from...