Annual Report 2010
The members of the insolvency profession fund the IPC - the annual levy being equivalent to just under £55 per insolvency licence holder. The IPC is run on a tight budget and benefits from the support and hospitality of some of its members and R3. It is also supported by the Trustees of the Barbican Settlement of Farringdon Insurance Company Limited who made grants for research and the attendance by IPC lay members on training courses, mainly those run by R3.
The IPC’s costs during 2010 are shown in the following table: