Annual Report 2017 0300 123 2220 www.ipso.co.uk
[email protected] Out of office hours emergency harassment line 07799 903 929 @ipsonews facebook/ipsonews blog: www.ipso.co.uk/news-press-releases/blog IPSO Podcast available on Spotify, Apple and other major providers Independent Press Standards Organisation Financial Information Contents Financial Information 2016 (£) 2017 (£) 03 Vision, mission and values 04 Year in review: Highlights of 2017 06 Chairman’s statement: Sir Alan Moses looks back on 2017 Turnover 2,388,000 2,418,000 07 Chief Executive’s statement: Matt Tee looks forward to future challenges 08 Raising press standards: A broader commitment beyond complaints Administrative expenses (2,382,288) (2,421,510) 09 Standards work outcomes: Guidance, training and wide engagement Operating (loss)/profit (5,712) (3,510) 10 Monitoring wider concerns to provide targeted interventions Interest receivable 1,678 239 11 Help with press intrusion and harassment 12 The Pilling Review: Implementing the recommendations Profit/(loss) on ordinary activities before taxation 7,390 (3,271) 15 Arbitration: Low cost legal claims against the press Tax on profit/(loss) on ordinary activities (3,107) (2,641) 16 External engagement: Raising awareness of our work 3,107 (5,921) 17 Most complained about publications Profit/(loss) for the financial year 18 Effective complaints handling: Using lessons learned to implement best practice 19 Complaints statistics 2017 The turnover above represents contributions from the Regulatory Funding Company (RFC) and a budget for a further 20 Complaints statistics by publisher four years has now been negotiated. The increase in administrative costs above, which reflect the resources required to monitor and maintain the standards set out in the Editors’ Code of Practice and provide support and redress for individuals 22 Case studies: A round-up of 2017 complaints and how they were dealt with seeking to complain about breaches in the Code, relates to both an increase in staff and other operating costs.