Following the CIPR's announcement regarding its finances, a number of members have asked me to reassure them as to our position.
It's a reassurance I'm delighted to give, because we are in an extremely healthy position.
Our reserves are very significant because of sound financial management over a number of years. The Association has produced a surplus in each of the previous four years, and confidently expects to produce one in 2009/10 too.
Our agency membership has grown by 50% over the past two years, and we recently announced in-house and international membership programmes too, further diversifying our revenue streams. Income from our business partners, training and events has significantly increased over the past two years. As a result of strong performance in all of these areas, turnover is up by around 50% compared with two years ago.
So, we entered this recession in a strong position, and we will exit it in an even stronger one.