IFP bounces back into surplus; Repays £75k board member loans

Chief executive Nick Cann says the professional body has beaten expectations of a £65,000 surplus after securing improved sponsorship revenue for its 2010 conference in September. The final figure will be discussed at an IFP board meeting in early May. The 2009 conference was hit by last-minute funding problems as a result of the recession. Cann says loans totaling £75,000 made to it by board members Jane Wheeler and Marlene Shalton to offset the 2008 funding shortfall of £138,000 - loans carrying an interest rate of 6.5% above the base rate - have been repaid in full. "We have exc...