The CIPR has disclosed it made a loss for four of the past five years. Last week, PRWeek revealed the CIPR was expecting to make a loss of £700,000 this year. The trade body also made losses of £44,000 in 2008, £230,000 in 2006 and £148,000 in 2005, but made a profit of £180,000 in 2007.
Acting director general Ann Mealor said: 'The loss in 2005 was related to our move to the property in St James's Square. In 2006, it was due to increased overheads in relation to the building. In 2008, it was the first year of the recession and we started to take losses there.
'We are committed to turning around our finances, and the new premises in Russell Square will help.'
Meanwhile, candidate for 2010 CIPR presidency Paul Mylrea has called for a change in mindset at the organisation.
Mylrea said: 'Many people have said they feel the CIPR needs to get closer to them right the way across the country.'
In particular, Mylrea said the CIPR needed to be more 'responsible, transparent and less London-centric'. He said it also needed to reach out more to the public sector.
The winning presidential candidate will be announced on 26 November. The other candidate standing for presidency is NHS Lothian director of communications Jenifer Stirton.
Following the CIPR's financial statement, the PRCA has clarified its reserves are 'significant' after enquiries from 'a number of members'.
'The association has produced a surplus in each of the previous four years and confidently expects to produce an operating surplus for 2009, too,' said PRCA director general Francis Ingham.