By Aishat
On "The Nonprofit Bookkeeper," with support from my guests, we'll explore the intricacies of establishing nonprofits, uncover the driving forces behind their creation, and shine a light on the ofte
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The podcast currently has 33 episodes available.
In this episode of The Nonprofit Bookkeeper, Aishat discusses the critical need for social enterprises to diversify their funding sources beyond grant reliance. She explores various alternative revenue streams, including earned income, membership models, crowdfunding, and corporate partnerships, emphasizing the importance of financial stability and growth through diversification.
KEY TAKEAWAYS
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
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In this episode of the Nonprofit Bookkeeper, Aishat discusses the complexities surrounding payments to trustees in UK charities. She explains the legal framework that allows for such payments under certain conditions, the importance of transparency, and the potential risks involved. The conversation also covers reimbursements for expenses and the need for careful documentation and justification when considering salaries for trustees. Aishat emphasizes the importance of aligning decisions with the charity's mission and maintaining integrity within the organization.
KEY TAKEAWAYS
EPISODE RESOURCES
Rules on paying trustees: Payments to charity trustees: what the rules are - GOV.UK (www.gov.uk)
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
TikTok
In this episode, Aishat highlights signs that indicate it's time to hire a bookkeeper! such a
She shares some of the work a bookkeeper can help with, including financial management, tracking restricted funds, and ensuring compliance with tax regulations.
Aishat also emphasizes the need for a bookkeeper who understands the unique needs of nonprofits and can communicate clearly.
She recommends BAnC Services as a partner for nonprofit bookkeeping.
KEY TAKEAWAYS
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
TikTok
In this episode of the week long anniversary series, Aishat shares three key lessons she has learned over the three years of running BAnC Services, a bookkeeping and accounting practice that works predominantly with nonprofits and individual.
She concludes the series with this episode by sharing three quotes that capture the essence of of BAnCServices' journey.
KEY TAKEAWAYS
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
TikTok
In this episode of our business anniversary series, I shine a light on Culture Community, a Saturday school for children aged 8 to 16 that focuses on black history, culture, and traditions.
Culture Community provides a safe space for children to discuss their feelings. offers lessons on black leaders and inspirational figures, along with engaging activities and games.
I sit down with the Founder, Precious Graham, to discuss her inspiration for starting the school, the challenges they’ve faced, and their many accomplishments. Precious also shares why they "keep it moving" despite obstacles, her vision for the future of Culture Community, and the partnership between Culture Community and BAnC Services.
Precious explains Kwanzaa (one of their planned activities) the way she has experienced it, as the celebration of Christmas by Rastafarians, though google explains it as an African American celebration.
Tune in to learn more about this vibrant Black Saturday School and the enriching experiences it offers for your child.
KEY TAKEAWAYS
BEST MOMENTS
“… there may be days when you create something and two people turn up, no matter how many people turn up. You always have to show up, you always have to give them the best experience…”
“… our team is ready to go. Like, we're always ready to pounce, We're not scared of any challenges. We're just ready to roar, let's say that..”.
… you have to always think, in order for this to work, you need to still have finances coming in and then you're able to give out more…”.
"A lot of the children always say to us, we love Culture Community because we feel like we're being listened to. It's not like typical school..."
EPISODE RESOURCES
Find out more: https://www.culturecommunity.co.uk/
Connect: https://www.instagram.com/culturecommunitycic/?hl=en
Follow: https://www.facebook.com/CultureCommunity21/
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
TikTok
In this episode, the host, Aishat speaks about BAnC Services the bookkeeping and accounting practice she founded.
As BAnC Services celebrates its third anniversary, she reflects on its journey, talks about plans for the future, for The Nonprofit Bookkeeper and for BAnC Services.
Aishat also expresses gratitude to clients, mentors, and supporters who have been instrumental in the practice's growth.
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
TikTok
IIn the first episode of our business anniversary series, we shine a light on Allia Impact. Two years after completing their program, BAnC Services is still reaping the benefits
I speak to Marina Pritchard, Program Manager at Allia Impact about their work supporting social enterprises and charities. Marina describes Allia‘s work supporting individuals and groups looking to start or grow their own impact organizations. She also talks about Allia’s focus on providing free support and coaching to social entrepreneurs at different stages of their journey. Marina highlights the importance of collaboration, compassion, and resilience in the social impact space and the value of building connections with like-minded organizations.
Listen to this episode to hear about an Allia program could be of value to you.
KEY TAKEAWAYS
BEST MOMENTS
"Every person you meet is an opportunity to grow and learn."
"Collaboration over competition."
"Act with kindness and understanding, as people won't forget how you made them feel."
EPISODE RESOURCES
Connect with Marina: https://www.linkedin.com/in/marina-pritchard/
Find out about Allia's programs: https://futurebusinesscentre.co.uk/our-programmes/
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
TikTok
Joining me on this episode is Ross Palmer, of Sayer Vincent LLP. Ross. a tax advisor to charities and not-for-profits shares his professional journey from audit to tax advisory.
We delve into value added tax (VAT) and Ross provides clear explanations of various VAT considerations including reverse charge VAT and partial VAT recovery. He also talks about the gift-aid relief scheme, business rates and stamp duty.
Ross provides responses to some VAT scenario-based questions.
This episode is a lesson in nonprofit VAT, so be sure to listen to the full episode.
KEY TAKEAWAYS
BEST MOMENTS
“… it's a self-assessed tax, but ultimately If HMRC query it, you have to be able to justify what you do, and words aren't enough,…”
" tax is complicated. But it doesn't need to be scary.."
EPISODE RESOURCES
Connect with Ross: https://www.linkedin.com/in/ross-palmer-sv/
Nonprofit Accounting, Audit, Tax and Resources: https://www.sayervincent.co.uk/
HMRC Charity tax resource: https://www.gov.uk/charities-and-tax
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
TikTok
In this episode, I cover the basics of Value Added Tax (VAT) as it applies to the charity sector, outlining key elements and setting the stage for the next episode, where I'll be joined by a charity VAT specialist.
KEY TAKEAWAYS
Charities may need to register for VAT if their taxable income exceeds the VAT registration threshold, and they can choose to register voluntarily.
Seek advice when it comes to VAT, as any errors can have significant financial implications.
BEST MOMENTS
"If the charity makes a lot of vertical purchases, registering enables the charity to reclaim VAT that's been paid, which means more money to spend on the charity's mission instead of paying it out as tax."
EPISODE RESOURCE
https://www.gov.uk/vat-charities
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
TikTok
In this conversation, Obi Ofokansi shares his professional background and experiences in the nonprofit sector, including international development, human rights, and emergency disaster relief.
Our discussion touches on several topical issues in the sector from localisation agenda/decolonisation of finance in nonprofits to automation to AI and to finding the right balance between programme delivery teams, impact and supporting/enabling teams and integrating the finance and programme delivery teams.
Obi also touches on unique findings from internal audits, including instances of inappropriate use of donor funds and explores the importance of internal audit functions and the challenges of expense management in nonprofit organizations.
Listen to our perspectives on whether it is the end of the International NGO/Nonprofit sector as we know it.
Obi shares his favourite finance tool … listen to the full episode to find out what it is!
KEY TAKEAWAYS
Challenges in the nonprofit sector include financial sustainability, project management, and balancing program delivery with support functions.
A holistic strategy that integrates finance into program planning and decision-making is essential for organizational success.
Having local expertise is essential for navigating complex financial regulations in different countries.
The concept of decolonization of finance involves shifting decision-making power to local partners and country offices.
BEST MOMENTS
"… you and I know that most people do not look at the details, especially when they are at a senior level, what they do is expenses come and they just say fine and they sign it….”
… I don't think the finance function will ever become redundant even with the advent of AI, at least not completely…”
EPISODE RESOURCES
Connect with Obi https://www.linkedin.com/in/obi-ofokansi-5645a215/
Obi's previous appearance The Nonprofit Bookkeeper: Flipping the Script: Introducing your Host on Apple Podcasts
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice – BAnC Services which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits; and shines a light on the often unseen & unheard efforts that uphold the delivery of a non-profit’s mission.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers with navigating financial management challenges and is the author of "Money Solutions for Single Mums". She also champions financial literacy among young black adults and thrives in discussions about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
TikTok
The podcast currently has 33 episodes available.