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In one year alone, the UK’s top 100 charity fundraisers earned £3 billion in restricted funds – that’s according to new research from Xledger highlighting just how much of a challenge this type of income poses for finance teams.

Annual reports show that, for some charities, over 90 per cent of their earned income last year came in the form of restricted funding. Out of the 100 fundraisers on the list, more than a quarter recorded restricted income of 50 per cent or more.
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If you’re a die-hard spreadsheet fan, you’re probably shaking your head at the notion of abandoning them. However, there are some major reasons why you should reduce your reliance on spreadsheets overall: