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Pick up a copy of my newly published interactive, activity-based resource designed to help build confidence with charity finance terminology:: Charity Finance A–Z: A Creative Crossword & Colouring Book
Or explore the glossary-style guide: Charity Finance from A - Z
In this episode, Aishat explores a question many charities are quietly wrestling with as discussions around the updated Charity SORP continue:
Should charities continue reporting expenditure under one broad “charitable activities” heading, or is it time to break reporting down by programme, service area, or activity?
This is not simply a technical accounting conversation. It is a governance conversation. A visibility conversation. And ultimately, a decision-making conversation.
The episode explores how this issue can show up differently in small charities, growing organisations, and larger, more established charities with complex structures and multiple funding streams.
KEY TAKEAWAY
- Organisational growth often creates complexity faster than reporting structures evolve.
- Financial reporting should help organisations tell an honest and useful story about their mission, activities, complexity, and reality.
- Reporting by activity is not a brand-new concept introduced by the updated Charity SORP. The principle of helping readers understand how resources are used has existed for a long time.
BEST MOMENTS
“Your accounts are part of your organisation’s storytelling too.”
“Compliance should not be the ceiling; it should be the baseline.”
“Your accounts are part of your organisation’s storytelling too.”
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, while also shining a light on the often unseen and unheard efforts that uphold the delivery of a non-profit’s mission.
She is the author of Charity Finance from A to Z“ – a practical guide designed to demystify finance for those working in the charity sector.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers in navigating financial challenges and champions financial literacy among young Black adults. She thrives in conversations about money, empowerment, and purposeful work.
Work with Aishat: www.bancservices.co.uk
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