NOTE: By submitting this form and registering with us, you are providing us with permission to store your personal data and the record of your registration. In addition, registration with the Medical Independent includes granting consent for the delivery of that additional professional content and targeted ads, and the cookies required to deliver same. View our Privacy Policy and Cookie Notice for further details.

You can opt out at anytime by visiting our cookie policy page. In line with the provisions of the GDPR, the provision of your personal data is a requirement necessary to enter into a contract. We must advise you at the point of collecting your personal data that it is a required field, and the consequences of not providing the personal data is that we cannot provide this service to you.


Don't have an account? Subscribe

ICGP ‘operating on a very tight margin’, hears AGM

By Mindo - 15th May 2019

The ICGP reported a surplus in 2018 but is “operating on a very tight margin”, according to the report of Honorary Treasurer Dr John Farrell to the College’s AGM in Dublin.

“I can report that the College recorded a surplus of €268,000,” Dr Farrell informed delegates. “The College, as with all companies, must generate a surplus to ensure the maintenance of prudent reserves to guarantee the financial viability of the organisation. The surplus generated in 2018 is considered adequate but we are operating on a very tight margin.”

He said there were no plans for increases in annual subscription rates in 2019.

The honorary treasurer also told the meeting that the board had approved an investment of €2 million from reserve funds. “Davy and Key Capital have each been chosen to manage €1 million of College funds… A prudent, ethical investment strategy has been agreed.”

In his report, CEO Mr Fintan Foy said the College remained in a “relatively restrictive financial position”.

“In this year’s audited accounts, you will note that membership subscriptions comprises 35 per cent of our total income. With this in mind, in 2018 we explored new projects in a number of overseas centres. These included Oman, United Arab Emirates, Saudi Arabia, Qatar and Malaysia.”

An “international footprint” allowed the College to advance primary care and diversify income streams, stated Mr Foy.

Leave a Reply

Latest
Latest Issue
The Medical Independent 20th February
The Medical Independent 20th February 2024

You need to be logged in to access this content. Please login or sign up using the links below.

Most Read