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From shrinking public sector budgets, local authority cuts and lack of long-term funding, charities across the UK are feeling the financial strain of a volatile economy. Unfortunately, the situation is made significantly worse by the number of instances of fraud that occur within the third sector each year.

While no charity would ever turn down money from a donor, it’s true that non-restricted funds are favoured by charities

It’s no secret that strong financial management and careful forecasting is critical to sustainability in the voluntary sector. However, a recent piece of research conducted by Cass Centre for Charity Effectiveness, showed that small charities often exist in a survival mind-set.

Many charity finance professionals share a common problem. The ability to complete their annual accounts without resorting to the cumbersome task of manually analysing transactions offline in a spreadsheet.