ICGN Funding
ICGN is a non-profit body and raises revenue to fund a comprehensive work programme around the world. Our primary source of funding is through membership fees which account for around 85% of all revenues, the rest accrued from conferences and courses.
Funding
The ICGN Board monitors the financial performance of the company and delegates this authority to a Finance Committee which advises the Board on financial reporting, internal controls, financial planning, risk management and auditing, amongst other aspects. The CEO is responsible for preparing financial plans and operating budgets for Board approval, as well as maintaining effective internal controls and risk management and authorising capital expenditure.
ICGN Members pay an annual membership subscription fee effective 01 January. The level of fee is dependent on assets under management for investors or the number of employees for companies.
The annual financial statements are subject to external audit and received by the ICGN membership at the Annual General Meeting.
The Audit & Finance Committee assists the Board of Governors in fulfilling its oversight responsibilities relating to formal and transparent financial reporting, internal controls, financial planning and appropriate risk management.
Auditor
Haysmacintyre LLP was re-appointed as ICGN auditors at the AGM held on the 2nd September 2021.
Haysmacintyre LLP is registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Registered number: OC423459. Registered in England and Wales. Haysmacintyre is the trading name of Haysmacintyre LLP, a limited liability partnership.