I Achievements and performance

We Are Lady Parts, Channel 4

Part One

Achievements and performance

The Board of Trustees (who are also the directors of the Royal Television Society for the purposes of company law) present their annual directors’ report and consolidated accounts for the year ended 31 December 2021, which are also prepared to meet the requirements for a directors’ report and accounts for Companies House purposes.

The Trustees’ report highlights the ways in which the Society’s activities have provided genuine benefit to the public at large.

Pre-Covid, the RTS had grown considerably in its activities and revenues. The basis for this had been the delivery of improvements in line with a strong modernisation growth strategy originally set in 2012 and refreshed in 2019. The pandemic highlighted a structural challenge that has existed for many years in the Society’s finances – its overdependence on revenue generated by its shareholding in IBC (this accounted for 55% of the RTS’s income in 2019).

The pandemic prevented IBC going ahead in 2020 and 2021. Therefore, in 2021, the Trustees and the executive team have been developing a future strategy that focuses on new growth options, with the aim of increasing income and diversifying revenues away from IBC. This process will be completed in 2022.