The Institute’s accounts for 2015 are outlined in the table below.
| Area | $’000s | $’000s |
|---|---|---|
| Subscription revenues | 1,221 | |
| Willis Towers Watson contribution | 1,273 | |
| Staff-related costs for executive * | -1,976 | |
| Member servicing costs (incl website) | -248 | |
| Conference and travel costs | -214 | |
| Professional services/research costs | -56 |
As Willis Towers Watson’s contribution was in excess of $1mn, there were no changes to membership subscription fees for 2016.
*Staff-related costs relate to the 8 members of the Thinking Ahead Group for the proportion of their time spent on Thinking Ahead Institute (most full time, some part time), and include base salary, bonus, benefits and other fixed staff costs