14% growth in 2015-16 announced by the PRCA
The PRCA has announced that it has seen financial growth of almost 14% over the 2015-16 financial year.
The Association’s unaudited accounts for 2015-16 revealed that its turnover for the financial year 2015-16 was £2,892,992, building on £2,541,723 in the previous year. It made a surplus of £28,376 in 2015-2016, compared with £39,361 in 2014-2015.
It is the ninth successive year in which PRCA turnover has grown, and the ninth successive year in which the PRCA has beaten its budget target, each time posting a surplus.
Francis Ingham MPRCA, Director General, PRCA, said: “It has been another tremendous year for the PRCA. Our financial position is utterly sound, allowing us to invest in new member services, and constantly to improve our offering.
“We have achieved this financial security by getting the basics right: a happy and growing membership; sensible spending decisions; eschewing extravagant premises.
“I am very proud of having delivered nine years of growth, increasing the size of the PRCA by a factor of four over this period, and making us easily the largest professional association for PR practitioners in Europe.
“With this foundation, our plan for the next four years is to accelerate growth, so that by 2020, no serious PR professional will even contemplate being outside of the PRCA.”
Who we are: Founded in 1969, the PRCA is a UK-based PR membership body, operating in 45 countries around the world. We represent in excess of 20,000 people across the whole range of the PR industry. The PRCA promotes all aspects of public relations and internal communications work, helping teams and individuals maximise the value they deliver to clients and organisations.
What we do: The Association exists to raise standards in PR and communications, providing members with industry data, facilitating the sharing of communications best practice and creating networking opportunities.
How we do it and make a difference: All PRCA members are bound by a professional charter and codes of conduct, and benefit from exceptional training. The Association also works for the greater benefit of the industry, sharing best practice and lobbying on the industry's behalf e.g. fighting the NLA's digital licence.
Who we represent: The PRCA currently has more than 400 agency members; 270 in-house communications teams from multinationals, charities and leading public sector organisations; and thousands of individual members.