Income rises to £4.3m as CIPR posts biggest surplus in 5 years
The Chartered Institute of Public Relations made a post-tax profit of almost £200,000 last year - its largest surplus since 2013 - according to figures revealed in the Institute's Financial Report published today.
The Financial Report (PDF) shows the Institute's income rose to £4.3m with Training, Membership and Qualifications contributing significantly to an impressive year.
The figures - which take into account activity between January and December 2017 - reveal the Institute's reserves grew from £417,000 to £613,000.
2017 was a landmark year for the Institute, across both quantitative and qualitative measures. 1,800 new members joined, member retention was higher than in recent years, our turnover was higher than for many years, our costs were down year-on-year, and we produced the largest surplus since 2013. The drive to professionalism continued apace, with more members than ever before committing to continuing professional development, and numbers of Accredited and Chartered Practitioners growing strongly.
CIPR members have the opportunity to discuss the accounts and vote on key matters at the Institute's AGM in Newcastle on 12 July.
The AGM - which is free to attend - will feature a talk from the former Chair of the Social Mobility Commission, Rt Hon Alan Milburn. Pre-registration is required.
Notes to editors
About the Chartered Institute of Public Relations (CIPR)Founded in 1948, the Chartered Institute of Public Relations (CIPR) is the Royal Chartered professional body for public relations practitioners in the UK and overseas. The CIPR is the largest membership organisation for PR practitioners outside of North America. By size of turnover and number of individually registered members, we are the leading representative body for the PR profession and industry in Europe.
The CIPR advances professionalism in public relations by making its members accountable to their employers and the public through a code of conduct and searchable public register, setting standards through training, qualifications, awards and the production of best practice and skills guidance, facilitating Continuing Professional Development (CPD), and awarding Chartered Public Relations Practitioner status (Chart.PR).