PRCA confirms strong financial situation

Following the CIPR's recent statement regarding its finances, a number of members have asked for clarification on the PRCA's situation:

The PRCA's reserves are significant. The Association has produced a surplus in each of the previous four years and confidently expects to produce an operating surplus for 2009 too.

PRCA membership has grown by 50% over the past two years, and the Association recently announced in-house and international membership programmes further diversifying revenue streams. Income from business partners, training and events, has increased over the last two years. As a result of strong performance in all these areas, turnover is up by around 50% compared with two years ago.

Francis Ingham
PRCA Director General

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