The Architects Registration Board (ARB) has seen its revenue increase by 11 per cent according to its annual board report
More from: ARB's revenue continues to rise
Figures for the year ending 31 December 2014, show the ARB’s revenue had risen to £4.1 million - up from £3.7 million the year before (2013).
Based on the architecture watchdog’s total annual expenditure of £3.2 million, the board racked up a £819,458 surplus in that financial year.
The ARB, which raised its annual retention fee to £107 in September (AJ 22.09.14), received more than £3.6 million in registration fees from the 35,157 qualified architects now on the roster.
The report also shows that 2,043 architects were kicked off the register for not paying this annual fee – a huge 50 per cent increase on last year’s 1,358 that were removed from the list for non-payment.
However the amount the ARB spends on legal fees has dipped to £922,194 from last year’s record £938,557. In 2014 there were 331 investigations into the misuse of the title architect - a drop of almost half since 2013.
Commenting on the figures and the increases in surplus from £417,782 in 2013 to more than £800,000 last year, architect Peter Kellow, said: ‘The raising of the registration fee by £2.00 for 2015, which yielded [an extra] £70,000 for the approximately 35,000 members, cannot be justified.
‘The constant increases in the fee have no justification or rational, but then the whole body of ARB has no proper rational and should be abolished saving the entirety of the £107 fee.’
Beatrice Fraenkel, chair of the ARB said: ‘2014 was a busy year for ARB with the regulator actively participating in DCLG’s periodic review into the regulation of architects whilst continuing to deliver business as usual.
‘This report demonstrates how ARB has effectively delivered on its objectives and I thank all those who have supported us in our work.’
Read the full report here.