Treasurer's Annual Report for 2022
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This report covers the financial year from 1 January to 31, December 2021.
Rounded, the balance brought forward from 2020 was £7,635, marginally higher than our
reported balance last year. Income from all sources this year increased by 22,/0 to £2,213.
Direct subscriptions were up at £336 due to the removal of the subscription freeze.
Direct donations were up considerably - from £120 in the previous year to £421. Income from
record sales from our old Hemel Hempstead studio were steady at £451.
Covid-19 restrictions on distributing Patient Magazines within the hospital site reduced this
Sour￿ of income to zero. However, we did receive a £1,000 grant from Tesco (administered
by Groundworks).
There was no Gift Aid claimed back from HMRC this year.
The total expenditure for 2021 was £2,551 which was just over £2,000 lower than 2020.
Notable increases were music li￿nCeS at £460 (£333 last year) and Myriad licences at £543
(£187 last year) due to upgrading to Myriad Anywhere.
Direct web hosting and streaming fees for the year were £97.
The expenditure on broadband was similar to the year before at £42.
Again there was no expenditure on ISDN line rental for the football commentary, as Watford
FC have paid this in advance for six years until October 30" 2023.
There was a small deficit for the year of £337 resulting in a closing balance on 31, December
2021 of £7,297.61 which includes £451.40 being held in Paypal.

Watford Hospitals Broadcasting Service Income and Expenditure Account For The Year Ending 31st December 2021 

## **31.12.21** 

## **31.12.20** 

## **Income** 

|Direct Subscriptions<br>Direct Donations<br>Collections<br>Grants<br>Magazines<br>Direct Sponsorship<br>Lotteries<br>Merchandise<br>Gift Aid<br>Sales (PayPal)<br>Miscellaneous<br>**Expenditure**<br>Music Licenses<br>Other Licenses<br>Hosting<br>Broadband<br>ISDN<br>Myriad<br>Engineering<br>Fundraising Costs<br>Insurance<br>Merchandise/Promotions<br>Refunds<br>Miscellaneous<br>Excess of Income over Expenditure|336.28<br>£<br>421.49<br>£<br>-<br>£<br>1,000.00<br>£<br>-<br>£<br>-<br>£<br>-<br>£<br>-<br>£<br>-<br>£<br>451.40<br>£<br>4.20<br>£|**2,213.37**<br>**£**<br>**2,550.85**<br>**£**<br>**337.48**<br>**-£**|169.38<br>£<br>119.81<br>£<br>-<br>£<br>-<br>£<br>1,000.00<br>£<br>-<br>£<br>-<br>£<br>-<br>£<br>65.00<br>£<br>458.91<br>£<br>-<br>£|**1,813.10**<br>**£**<br>**4,607.60**<br>**£**|
|---|---|---|---|---|
||459.90<br>£<br>13.37<br>£<br>97.20<br>£<br>42.00<br>£<br>-<br>£<br>543.49<br>£<br>350.00<br>£<br>119.23<br>£<br>825.91<br>£<br>-<br>£<br>-<br>£<br>99.75<br>£||332.94<br>£<br>139.20<br>£<br>116.20<br>£<br>50.40<br>£<br>-<br>£<br>187.08<br>£<br>1,728.40<br>£<br>235.28<br>£<br>1,154.16<br>£<br>-<br>£<br>-<br>£<br>663.94<br>£||
||||||
|||||**2,794.50**<br>**-£**|



I confirm that the enclosed accounts are a true and fair view of the state of the charity's affairs as at 31 December 2021 and of its income and expenditure for the year ended 31st December, 2021 

The accounts were approved by Trustees on 29th September, 2021. 

|Acting Treasurer<br>Chairman|_Ian Richards_<br>Date<br>29th September, 2021<br>_Ian Richards_<br>Date<br>29th September, 2021|
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