IPW Autumn Journal 2026 (8) - Flipbook - Page 12
Interim Financial
Financial Report
Report
-8
8 months
months to
to 31
31 August
August
2026
2026
As you all know, the IPW/WWA's finances were in serious downturn from
2023 to 2025 and substantial losses were incurred.
From early 2025 a lot of work has been done to start to remedy the
situation, including:
Staff redundancies in 2025; whilst this was a one-off cost it has
reduced monthly ongoing payroll costs
Staff retirement in 2026, which has reduced monthly payroll with
tasks being redistributed
Changes in Council Membership and also reduction in Council
Members honorariums
Analysis of costs between IPW and WWA and proper allocation of
costs
Detailed analysis of training courses and reduction in loss-making
courses
Introduction of new, highly profitable training courses (Digital Assets
and Lifetime Trusts) with more to follow
Rewriting of training materials, to remove external copyright and
remove commission on training manuals
Review of all major costs; this has identified some current savings
but also future savings e.g. premises when the lease break allows HQ
to move to better and cheaper premises
The combined result of all the above measures is that in the 8 months
to 31 August:
IPW has made a profit of £38,710
WWA has made a loss of £4,554
Overall profit of £34,156.
Paul Dodsworth
Finance & Vice Chair
