The CIPR Finance Report for 2013 reveals targets met and exceeded in a year that focused on economic sustainability for the organisation.

CIPR CEO, Alastair McCapra, says, “2013 has seen a year of significantly better financial performance than forecast for the CIPR. While preceding years had seen an emphasis on maximising our cash reserves, the budget for 2014 sought to move the emphasis towards investing in infrastructure and capacity needed to advance the Institute’s work.”

As the CIPR moves forward, it plans to focus on its ‘core business’; membership, qualifications and training. The organisation will also work on expanding its market while curtailing unprofitable activities where possible.

McCapra continues, “As the economic upturn continues to gather pace, the Institute will work to ensure that it is best placed to take advance of new opportunities, commercial and otherwise, which present themselves over the coming year.”

In 2013, the CIPR made a retained surplus of £189,774. This takes the Institute’s total reserves to £868,399 in line with its financial objectives. The full 2013 CIPR Annual Report will be published on 12 May 2014.