The Institute of Financial Planning (IFP) beat expectations to post a near £85,000 surplus in 2009.
Despite the 'dreadful' economic conditions, the professional body says improved sponsorship revenue helped it post a profit of £83,733 last year after recording a loss of £138,000 in 2008. It had anticipated a surplus of about £65,000.
Loans totaling £75,000 made to the IFP by board members Jane Wheeler and Marlene Shalton to partially offset the 2008 deficit have been repaid in full.
Wheeler, who is no longer on the board, loaned £25,000 while Marlene Shalton contributed £50,000. Wheeler received £1,625 interest on the loan, while Shalton received £3,250.
The duo had loaned the organisation money after it struggled with the costs of its 2008 annual conference after markets plunged.
According to the IFP's accounts for 2009, subscriptions and other income totaled £1.57m while expenses reached £1.48m.
The IFP says there were net increases in both members and certified financial planner (CFP) professionals.
During the year, the IFP delivered a CPD platform while, this year, the professional body has unveiled a level four qualification for paraplanners and revealed plans to offer a level four option for financial planners.
Its 2010 annual conference is being held at the Celtic Manor resort in Wales beginning 20 September.
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View from the front row
Retirement Planner Forum 2019