National Council for the Training of Journalists Annual Report
2020-21
www.nctj.com
## Contents
|Vital statistics|3|
|---|---|
|Chairman’s review|4|
|Chief executive’s report|5|
|Patron’s address|6|
|Building our capacity and capability|7|
|Continuing professional development for journalists and trainers|8|
|Highly respected industry qualifcations for journalists|10|
|High-performing accredited journalism courses|12|
|An efective careers information service|14|
|Mobilising employer support for journalism training|15|
|Equality, diversity and inclusion|16|
|Efective communication and collaboration|18|
|The future sustainability of quality public interest journalism training|19|
|Professional research and skills information|20|
|Business and fnance review|21|
|Our strategic partners|23|
|Our people|24|
## NCTJ values
To grow and develop the NCTJ our values are:
## NCTJ mission
To be recognised as the industry charity for attracting, qualifying and developing outstanding journalists who work to the highest professional standards. We provide a world-class education and training system that develops current and future journalists from all walks of life for the demands of a fast-changing media industry.
## NCTJ objectives
- Increase resources to build the capacity and capability of the NCTJ to strengthen its role and influence across all media sectors and related sectors where journalism skills are required.
- Ensure there are effective products and services for journalists and journalism trainers at all stages of their careers and foster a culture of continuing professional development.
- Maintain a progressive, flexible and inclusive framework of respected industry ‘gold standard’ journalism qualifications and apprenticeships that embrace digital and other changes in practice.
- Accredit journalism courses of excellence at colleges, universities and independent providers and reward and support them to achieve the media industry’s challenging performance standards.
- Provide an effective careers information service that promotes journalism careers, accredited courses and the industry’s training scheme for professional journalists.
- Take more action on equality, diversity and inclusion to build a journalism workforce that widens participation so that it better reflects its audiences.
- Mobilise employers to ensure the media industry’s professional training scheme produces journalists with high ethical standards to win public confidence and trust in quality journalism.
**use of resources**
**Effective leadership, management and governance**
- Communicate and collaborate effectively with all target audiences to increase take-up of NCTJ products and services and to increase awareness of the NCTJ’s brand values, its role, value for money, agenda-setting activities and status as a charity.
- Make a positive and demonstrable contribution to the future sustainability of quality public interest journalism in the UK.
- Provide the industry with substantive research and up-to-date skills information to help us develop our understanding and response to the rapidly changing market place for journalism.
## Vital statistics 2021-22
A total of **14,129** NCTJ examinations/assessments were taken throughout 2021-22
These comprised: **9,019 696 1,028 3,269 495** diploma exams national portfolio/coursework shorthand exam sittings Certificate in Foundation exam sittings assessments Journalism assessments **1,313 136 63** students have been distance learners enrolled apprentices were studying on one of on the Certificate in registered Foundation Journalism
accredited **64** courses at **36** approved centres
**202** distance learners enrolled on the Diploma in Journalism
**134** students were enrolled on non-accredited courses but may have sat NCTJ exams
> THE TOTAL NUMBER OF **94** THERE WERE NQJ EXAMS SAT WAS
> trainees sat the NQJ and **74** REGISTRATIONS **224** FOR THE NQJ **56**
> trainees passed Community News Project
> the qualification **62** reporters are in post
**72** SCHEDULED AND IN-HOUSE SHORTTRAINING COURSES WERE RUN **£508,231** in JDF donations from bursaries awarded by the **53** Journalism Diversity Fund **22** supporters and **3** donors
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## Chairman’s review
The NCTJ is 70 years old? How did that happen? I know, I know, you can’t believe it either, not when you see our energy and youthfulness and our fleet of foot on the dance floor. You have to say that anyway: no one making a career in journalism ever did a vox pop without simulating astonishment when senior interviewees revealed their age. “No! I don’t believe it. You don’t look it.” Just don’t use the phrase “young at heart”. It only emphasises the wrinkles.
We were sad when plans for a big birthday bash at the Palace of Westminster were stymied by Covid, but even as we put party suits and dresses back in plastic wrappers, we reminded ourselves that much worse things have happened to many people over the last two years. You’ll get no moaning from us – it’s always a mistake when journalists think the story is about them.
I’m pleased to report that, over the last year, in the office, out of the office, half in and half out, the Newport team has been cracking on, led by our indefatigable chief executive, a woman running constantly to embrace the next challenge and to make this organisation as important tomorrow as it is today. Thank you too to members of the board and to so many colleagues from the industry and academia who have taken on time consuming duties appraising all aspects of the work we do.
If many days have seemed to blur into each other, some events stand out with crystalline clarity. The enthusiasm with which Sky News took on our awards cheered everyone. That evening, news and tech teams at Isleworth showed that, if you must make something virtual, you can make it virtually perfect. I think everyone who watched was delighted to see those big names in broadcast give up their time to sprinkle sparkle over the event.
The same enthusiasm was on show at our diversity conference, when the Bloomberg tech team matched Sky digital frame for frame. Yet again, big and busy figures who believe in the industry found the time to join panels to discuss those important issues with which journalism is now getting to grips. It’s so encouraging to have people offering such support and encouragement to a
new generation. It’s striking how much they care about standards.
Of course, we’ve been banging on about standards all our lives, ever since the Royal Commission on the Press identified a problem in 1949, a diagnosis that led to our creation: “The problem of recruiting the right people into journalism, whether from school or from university, and of ensuring that they achieve and maintain the necessary level of education and technical efficiency, is one of the most important facing the Press, because the quality of the individual journalist depends not only on the status of the whole profession of journalism but the possibility of bridging the gap between what society needs from the Press and what the Press is at present giving it.”
“What society needs from the press…” If it seemed all about newspapers back then, it’s now also about everything else that has come along since. As social media explodes, rumours fly around the world and bad people find sophisticated ways to infect the conversation with lies, our society still needs a lot from journalists. The more we are surrounded by information, the more we want to know which bits of it we can trust. If journalists are trained to sift the good from the bad, to bring objectivity to their reporting, to take pride in getting it right, we may all understand the world a little more.
The team believes in the work they do and all of us feel proud to watch a figure from the next generation of journalists take those first confident steps in the trade. We shall never stop adapting and changing at the NCTJ, but we shall never lose sight of that big mission, our primary purpose, high standards.
Kim Fletcher, chairman
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## Chief executive’s report
This anniversary year for the NCTJ has been very special for all of us involved in its work.
Although seventy years ago the media world was very different, the core values that have always been at the heart of the NCTJ are still perfectly valid.
Never has it been more important to have trained, qualified and professional journalists that are so vital to our democracy. Quality, trust and diversity are what the NCTJ stands for and values we as a society need to protect and promote more than ever before.
Our role in bringing together all sectors of the media with journalism educators and trainers remains unique.
There really is nothing else quite like the NCTJ and leading our wonderful team, working with all our supporters and overseeing the work of the charity is an absolute privilege.
It’s never been more exciting and rewarding.
We are constantly adapting our qualifications and accreditation standards to keep up with digital developments and with changes in working practices and shifting education and media landscapes. The NCTJ provides the go-to qualifications for contemporary journalism because they are the goldstandard for journalistic training.
We invest in the best research, provide clear and comprehensive information about journalism careers, encourage more professional development, support public interest journalism and are building even more partnerships to increase our resources and our impact.
We have done such a lot to be proud of this year.
The pioneering remote delivery of exams, fit for the digital industry we serve, is transforming our awarding organisation.
The new Journalism Skills Academy, which Google is headlining, is becoming fully established.
The continued support from our friends at Facebook for the brilliant Community News Project is revolutionising careers and the coverage of under-represented communities.
And, of course, the Journalism Diversity Fund is having a growing impact, helping an increasing number of people from different backgrounds into journalism. We are thrilled to have reached our £500k fundraising target thanks to all the enlightened media employers and organisations that are donating to this fantastic cause.
Our ambition as we move into the next decade for the NCTJ, is to place even more emphasis on equality, diversity and inclusion.
It’s not a bolt-on strategy and much more than a series of projects; it’s right at the centre of everything we do and everything we stand for.
We aim to do much more to promote equality of opportunity in journalism by taking action to encourage a diverse and inclusive culture. Changing an entrenched culture is one of the biggest and hardest challenges all of us need to confront.
We need to encourage those from all walks of life into journalism roles, take down the barriers and support people in their careers so they can join the decisionmakers. We must place equal value on alternative, non-graduate entry points and boost recruitment and promotion from this talent pool.
So, let’s all work as hard as we can to ensure that in ten years’ time, when we celebrate our 80th, we are really proud of the make-up of our newsrooms that truly reflect our communities.
Thank you to everyone for supporting the NCTJ and for making a difference
Joanne Butcher, chief executive
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## Patron’s address
This year may go down as the year journalists fought back. And my God, they did it in style.
Afghanistan was one of journalism’s significant turning points. Not just for the country and geopolitics – because what happened in August is undoubtedly seismic. But for this generation of journalists, it brought home dramatically and terrifyingly just how much is at stake for our profession. And they rose to the occasion in a quite astonishing and brave way.
Afghanistan during the previous two decades had been ‘heavily reliant on the loyalty and commitment of the Afghan journalists, translators and support staff.’
The letter led to a dramatic u-turn on policy by the British Government and an agreement to issue visa waivers to those Afghan journalists who had helped build a vibrant, independent media – and then there was an almighty scramble to get them on flights. Many of the visiting journalists were reporting on some of the most distressing scenes in their careers – witnessing people being crushed to death in front of them, babies being handed over to soldiers, mass panic and fear – whilst also trying to manage a very personal refugee crisis and help men and women who were now dependent on them for their survival.
Journalists from across the globe watched as our Afghan brothers and sisters fought for their lives in the face of the advancing Taliban. We looked on horrified as they were beaten and tortured by them, much safer in our Western skins and cloaked in a certain security by dint of the foreign passports we hold.
My team interviewed two incredibly courageous young Afghan journalists – both in their mid-twenties – who’d been held for hours by the Taliban and whipped with cables. By the time they were released they could barely walk and had to be helped by colleagues.
How many received frantic phone calls, emails and pleading texts? ‘Please help me, you are a fellow journalist, you are my only hope’ was one I got. ‘I’m going to kill myself if I don’t get out. The Taliban are knocking on every door hunting us down, please help’ was another.
But both were back in the newsroom and at their desks the day after their ordeal. Both determined not to be cowed and to continue to search for and document the truth. Amazing courage. Astounding determination.
What happened in Afghanistan may go down in history as one of the most tragic – and some will argue – perhaps avoidable catastrophes ever but it was also completely and truly inspiring seeing how journalists rallied around each other and did what they could in the most awful of circumstances.
Both seemed to accept they may end up dying for their job eventually – and both were convinced it was a job worth this suffering and terror. They are teaching us lessons in journalistic standards and ethics I hope most of us are never faced with.
And please, let’s remember, there are many more journalists still there who have been left behind in Afghanistan, still in hiding, still fearing for their lives. And there are others determined to continue the fight to tell the truth. We cannot and should not forget them or the terribly difficult and dangerous conditions they are working under.
The events in Afghanistan have also highlighted what a band of brothers and sisters we are and how a common faith and passion in all that the profession stands for has brought out the best in many, at a time when the very worst appears to be unfolding in front of us.
By mid-July, the _Guardian_ ’s Emma Graham-Harrison and _The Times_ ’ Anthony Lloyd had rallied together a coalition of British newspapers and broadcasters to demand help for Afghan journalists who’d worked with British media outlets during the twenty-year-long Coalition campaign.
But as a template for camaraderie and collegiate behaviour in the future, what happened in Afghanistan and beyond should fill all journalists with fire in our bellies to go on – and emulate elsewhere.
## Alex Crawford,
special correspondent, Sky News and patron of the NCTJ
The media group wrote a joint open letter to Foreign Secretary Dominic Raab and Boris Johnson insisting our ability to keep the British public informed of events in
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## Building our capacity and capability
The NCTJ is growing and we are working hard to increase our impact and to make a measurable difference with everything we do.
Why? There are more journalists than ever before: up from 78,000 in 2018 to 96,000 in 2020. The percentage of qualified journalists who have NCTJ qualifications is increasing.
Recruitment of entry-level journalists is booming, both within and outside the traditional newsroom. Under-representation of diverse groups in journalism and reliance on graduates continues. We recognise that there is a growing number of freelance journalists that need our support. We now have to cater for all types of journalists, way beyond the skillsets of news journalists.
##
The media industry is undergoing seismic change with declining print circulation and advertising revenue, growing digital revenue and audiences, and threats to the sustainability of public interest local and regional news. Journalism is changing rapidly in terms of the skills required and what journalists are expected to do. This is a time when investment in the quality of trusted and trained journalists is more important than ever to society.
The business direction of the charity reflects all this change. We are committed to alleviating the pressures on funding for training and ensuring journalists and trainers are appropriately skilled in a sector that has been revolutionised by digital developments. The role of the NCTJ has become more important in ensuring quality content and high standards of journalism.
The charity is dedicated to making a positive and demonstrable contribution to the future sustainability of public interest journalism in the UK.
Achieving greater equality, diversity and inclusion in the journalism workforce has become such a vital aspect of the charity’s work.
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This means the NCTJ has to build its capacity and capability in order to achieve its mission and strategic objectives. Key to our success is securing and implementing more high-profile partnerships and projects.
To do this we need to continue to diversify, collaborate and invest. Our industry funding now comes from all media sectors and a much wider range of employers. The contraction of the regional press and the broadening of entry and career paths means that we need to continue to expand our funding streams and range of stakeholder support. The NCTJ’s systems and procedures demand ongoing investment. As a lean organisation we need to build partnerships and collaborate with other like-minded relevant organisations.
Our work to target more of the major employers to more actively participate in our work and to contribute to our resources is reaping rewards for journalism and journalism education and training. We are going even further by engaging the support of more digital media businesses and supporting the new breed of digital content creators, producers and communicators.
To build our capacity and capability, we need the help of all those who appreciate that our society needs trained and qualified journalists to function effectively.
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## Continuing professional development for journalists and trainers
Having launched the Journalism Skills Academy (JSA) in the autumn of 2020, the last year has been a period of consolidation and expansion, as we look to make the JSA a one-stop shop for journalists’ development needs throughout their careers.
In July, we were pleased to relaunch our Level 5 Diploma in Journalism programme for distance learners as an e-learning package, with all study materials now available at the click of a button. The transfer of our tried and tested scheme to a modern platform not only enables us to scale up the interactive elements of the course, but also to develop a distance learner community, with a managed forum available for students to communicate with one another and with the NCTJ.
This latest development means that all three of the NCTJ’s main qualifications – the Certificate in Foundation Journalism, the Diploma in Journalism and the National Qualification in Journalism – are now available to study through the JSA in a fully online format, accessible from any internet-enabled device. Learners can truly study at any time, in any place.
A significant number of publishers have used the distance learning option to train or upskill new starters. Some have undertaken the full diploma package, while others with particular needs have studied only for a single module. The flexibility of the programme means it can be used to meet most requirements.
The NCTJ can also create bespoke packages incorporating additional trainer-led support alongside self-study towards a qualification. And we regularly create standalone training courses for a wide range of corporate clients, both within and outside the traditional journalism sector.
Responding to a survey of audience needs conducted over the summer, we have overhauled our programme of scheduled masterclasses to incorporate new webinars on subjects including podcasting, feature writing, smartphone journalism and data journalism. Webinars are available to be booked by any interested parties, or can be booked on a sole-client basis.
The JSA has benefitted very significantly from the ongoing support of the Google News Initiative, to who we are hugely grateful. The scaling up of the initiative to meet industry needs is possible thanks to their generosity.
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John Battle, head of legal and compliance, ITN
“ _ITN has been working with the NCTJ for nearly a decade. In that time over 150 members of our staff have passed either or both the NCTJ media law exam and NCTJ court reporting exam. Those who have taken these examined courses come from all parts of ITN (both editorial and non-editorial) and all levels of seniority._
_“The students are given significant help and input on the course and syllabus from the NCTJ which is supplemented by inhouse teaching sessions and preparation for the exam._
_“The courses achieve many objectives, whether as a refresher/update, an introduction to media law and court reporting for new staff and apprentices and also a path for non-editorial staff to consider transferring into a role in the editorial team._
_“The courses help ITN keep our staff up to date with the ever-changing law and industry regulations. The courses provide essential knowledge on the tough legal issues journalists face every day in their work and have direct practical application. “Working with the NCTJ has been a joy. They always provide an excellent service on the course and the exams. We can’t thank them enough._ ”
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Explore the
Journalism Skills
Academy now
CLICK HERE
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_Fast-track News Associates students presenting news bulletins in front of a green screen_
## Highly-respected industry qualifications for journalists
## Diploma in Journalism
This year has been a challenging one for us all, but the NCTJ has always remained focused on ensuring the Diploma in Journalism remains the industry standard for entry-level journalists. Keeping up-to-date with industry practice is key to ensuring the content and assessments in the diploma are relevant, rigorous, fair and reliable.
During the last 12 months we have conducted comprehensive reviews of the essential journalism mandatory module and the broadcast journalism elective option. Essential journalism was mapped against a revised and updated apprenticeship standard for an entry-level journalist to ensure it continues to deliver current industry practices and provides a valid
test of a new journalist’s reporting skills and knowledge. The wide use of video on social media platforms to find and promote news stories enhanced the video category in the e-portfolio.
Our broadcast journalism elective option covers radio and TV journalism and it was reviewed and updated in consultation with a range of broadcast journalists and employers. A key element in this module is broadcast regulation and the subject has been upgraded to a distinct mandatory module for broadcast journalists with grades listed separately on diploma certificates. Assessing journalism skills for TV in a newsroom environment and accepting podcasts as part of the radio assessments were also designed for introduction in 2021-22.
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The diploma is now a level 5 qualification, raised from level 3 in September 2020. The new level reflects the digital content and ever-evolving technology and tools used by journalists for newsgathering and storytelling in their day-to-day role.
The Diploma in Journalism is a mandated qualification in the level 5 journalist apprenticeship standard and can be studied via distance learning on the NCTJ’s Journalism Skills Academy.
## National Qualification in Journalism (NQJ)
This year saw the introduction of a new NQJ pathway for community journalists. Designed specifically for reporters taking part in the Facebook-funded Community News Project (CNP), two sittings of the senior level exams were delivered in March and July 2021. Another important job role, that of a local democracy reporter, has also had a bespoke NQJ pathway developed for it.
Moving away from news, magazine journalists working for specialist brand publishers now have an opportunity to qualify at a senior level through an NQJ specialist brand publishing pathway. Development of the assessments included mirroring the skills and knowledge required in this job role and the NQJ now provides professional development for journalists in the sector.
The NQJ is a mandated qualification in the level 7 senior journalist apprenticeship standard and can be studied via distance learning on the NCTJ’s Journalism Skills Academy.
## Journalism apprenticeships
A revised and updated level 5 ‘Journalist’ apprenticeship standard and end-point assessment plan was submitted to the Institute for Apprenticeships and Technical Education (IfATE) in June 2020 and approved for delivery in England.
A wide range of journalist employers make up a government ‘trailblazer group’, and, facilitated by the NCTJ, they design and develop the apprenticeship standards for journalism. Due to become available from 2022, the new level 5 journalist standard will replace the level 3 junior journalist apprenticeship. The revised standard includes the industry ‘gold standard’ Diploma in Journalism qualification as mandatory. Expansion of the journalist apprenticeship development across the nations is under consideration for 2022.
The level 5 journalism standard provides progression to the level 7 senior journalist apprenticeship which launched in 2020 and also includes an NCTJ professional qualification; the National Qualification in Journalism.
## End-point assessments (EPAs)
The NCTJ is the approved end-point assessment organisation (EPAO) for both journalism apprenticeship standards. Approved by the Education and Skills Funding Agency, the EPAs are listed as qualifications on the Register of Regulated Qualifications and are regulated by Ofqual. The NCTJ delivers the assessments that complete the apprenticeships. The EPA for the senior journalist apprenticeship is comprised of two assessments: a journalism project with a presentation; and a professional discussion. The EPA for the new level 5 journalist standard also has two assessments: a journalism project and a report with supplementary questioning; and a professional discussion.
## Certificate in Foundation Journalism
The Certificate in Foundation Journalism is a level 3 qualification providing basic journalism skills training at an introductory level. It is not designed to prepare learners for employment as a journalist, but can provide a solid stepping stone to the Diploma in Journalism.
It is delivered to a wide range of learners including those with disabilities, through our partnership with Ability Today, and through the government’s Kickstart scheme via News UK. It is studied by prisoners via the Prisoners’ Education Trust and is also delivered as an enrichment programme for sixth formers alongside A-levels. This flexible qualification is available via distance learning on the NCTJ’s Journalism Skills Academy and will be reviewed in 2022.
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## High-performing accredited journalism courses
_City of Wolverhampton College students celebrate graduating_
This year continued to be turbulent for centres running NCTJ-accredited courses as tutors navigated lockdowns and adapted their courses to suit online and hybrid training.
The high-quality practical training students continue to receive, as well as exposure to the world of journalism with work experience opportunities and guest speakers thanks to strong industry links, is a testament to the hard work of the teams running accredited courses.
Supporting centres to ensure that the exacting standards of accreditation continue to be met has been a priority for the NCTJ. A webinar series for tutors to share best practice has continued, with a particular highlight being a session on how to boost students’ confidence and employability, particularly relating to issues faced during the pandemic.
Tutors have responded well to the support offered via these webinars, which will continue, and further sessions are planned for the start of 2021-22 to support tutors who are new to delivering the diploma and need that extra guidance from the NCTJ. Our dedicated tutor Facebook page continues to be a source of collaboration.
_The NCTJ has acknowledged the changing situation centres are faced with as the restrictions ease, and has liaised with course leaders via a centre survey on how delivery of their courses will look going forward. The NCTJ’s standards of accreditation will be adapted to take into account remote learning and teaching when required._
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## Accreditation forums
Course leaders at undergraduate and postgraduate courses discussed the challenges and opportunities surrounding delivery of NCTJ qualifications at accreditation forums taking place in November 2020. Course leaders of courses run by independent training providers are now invited to separate sessions with the NCTJ, and a forum for Further Education course leaders will be scheduled later in 2021-22.
## Accreditation visits and meetings
The NCTJ is continuing to concentrate its efforts on those centres and courses that need it the most, offering targeted support in a rigorous, transparent and risk-based system.
In the 2020-21 academic year, the NCTJ carried out nine visits as either accreditation panel meetings or monitor-
The NCTJ continues to appreciate the support of editors and senior journalists who volunteer their time to take part in accreditation panel visits. Our thanks go to:
Lucie McInerney, commercial editor, _The Independent_ Kim Hewitt, programme and digital editor, ITV Meridian Louise Hastings, managing editor, Sky News Steph Marshall, head, BBC West Keiron Tourish, reporter, BBC Newsline
## Centres approved to deliver new diploma modules in 2020-21:
Bournemouth University – videojournalism for digital audiences, photography for journalists, broadcast journalism, practical magazine journalism, journalism for a digital audience and sports journalism
Brunel University – data journalism
Oxford Brookes University – public affairs for journalists
University of Kent – data journalism, journalism for a digital audience and sports journalism
University of Portsmouth – practical magazine journalism
ing meetings, offering that additional support by bringing together panellists and industry advisers to ensure centres are training students to industry expectations. Delivered virtually, these meetings ensure the NCTJ is continuing its support to centres by meeting with course staff, students and involving senior working journalists from all parts of the industry who offer their opinions and guidance to course leaders about how courses can improve.
## Industry advisers
Industry advisers continue to offer invaluable support to the centres they are linked with by meeting with heads of journalism, course leaders and students remotely. Advisers have found it beneficial to observe students creating their own original journalism in remote news days or other practical journalism sessions. For the NCTJ, industry advisers help to maintain a link with the centre and provide up-to-date information about the centre in between accreditation visits.
Sally Hampton, consumer magazines publisher, DC Thomson
Laura Paterson, Scotland editor, PA Media Gregor Kyle, content editor, Frame PR
Peter MacRae, deputy head of news and managing editor, BBC Scotland
Gary Stewart, audience editor, _Liverpool Echo_
Laurie Tucker, day editor, Sky Sports News Michelle Johnson, director of digital media, Vantage Media Group
Glasgow Clyde College – practical magazine journalism (replacing introduction to PR)
University of Central Lancashire – broadcast journalism (replacing photography for journalists)
Harlow College – journalism for a digital audience
## Centres approved to deliver new courses in 2020-21:
The NCTJ is delighted to welcome Oxford Brookes University, which has been approved to deliver an NCTJ-accredited journalism pathway on their BA Media, Journalism and Publishing course, as well as an NCTJaccredited MA Journalism programme
Bournemouth University – BA Sports Journalism
Highbury College – sports journalism, radio journalism and practical magazine journalism
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## An effective careers information service
With so many courses to choose from, it is important that aspiring journalists are able to make an informed decision before embarking on their studies.
The NCTJ aims to arm prospective students with the facts so they can avoid making investments in nonaccredited courses that will not equip them with the right skills for employment.
- _We regularly engage with national career awareness_
_weeks, such as National Careers Week and Journalism Matters Week, to inform and inspire the next generation of journalists._
It is also important that we encourage young people from a range of backgrounds to consider a career in journalism, and spread awareness of non-traditional entry routes into journalism, such as apprenticeships.
The Journalism Skills Academy hosts a number of free careers resources, such as video masterclasses on a wide range of subjects, presentations on digital tools, tips and advice from editors and employers, and interactive quizzes.
The third edition of the NCTJ’s journalism careers guide, sponsored by the _Financial Times_ , was published this year, and was sent to secondary schools, colleges and job centres across the UK.
Aspiring journalists can consider their training options by hearing from alumni about the different paths they took to successful careers.
Also in the guide are tips on how to start out in journalism, an introduction to podcasting and a spotlight on investigative journalism.
The guide also features easy-to-navigate listings of all NCTJ-accredited courses. A digital version is available on the NCTJ website.
Emma Robinson, accreditation manager at the NCTJ, said: “Sending out this annual careers guide to schools and colleges means we can reach out to students about the exciting prospect of making that first leap into their journalism career.
“We want students to choose the right journalism course with the NCTJ to give them the cutting-edge skills and knowledge to operate in the newsroom to professional standards.”
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## Mobilising employer support for journalism training
The NCTJ is, and has always been, an industryled organisation. We exist to respond to the changing needs of the journalism sector, which is why the story of the NCTJ is one of constant evolution.
Collaboration with news providers is therefore critical to everything we do, and we continue to work hard to deepen our relationships with our partners, and to bring more media organisations into our network.
Companies which support the NCTJ financially as strategic partners receive a discounted rate on distance learning programmes booked through our Journalism Skills Academy (JSA), which continues to be backed by the Google News Initiative.
The last year has seen a significant recruitment drive by several major publishers, and it has been positive to see how the JSA has been used by employers to ensure that new starters who require additional training to achieve applicable qualifications can access courses in a flexible way.
A notable new partnership has been developed with News UK, with the NCTJ working alongside their team and one of our accredited training centres, News Associates, to develop a Certificate in Foundation Journalism course for a group of interns with no previous experience of news. The scheme, backed by the government’s Kickstart
programme, proved a huge success and demonstrated once again the value of our collaborative approach – and the importance of rigorous training.
Following the introduction last year of a senior journalism apprenticeship standard, we have been pleased in 2021 to welcome the first cohort of candidates to the qualification. Led by employers, the development of the senior standard means there is now a complete apprentice journey from raw talent to fully-fledged senior reporter, and we look forward to working with a growing number of news providers in the coming year as they develop the skills of their staff.
_Indeed, the engagement of employers with our apprentice schemes is a further demonstration of the value placed on NCTJ qualifications, which are now more accessible than ever before. Eighty-one per cent of qualified journalists in the UK hold an NCTJ qualification, and we aim to increase that number with the support of the industry._
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_Journalism Diversity Fund recipients_
## Equality, diversity and inclusion
It is so important that journalists reflect the communities they serve, and we are committed to leading radical change in the industry to improve the diversity of newsrooms.
We know that, for many, the costs of studying on an NCTJ-accredited course can be out of reach. This is why we set up the Journalism Diversity Fund (JDF), which awards bursaries to help with the costs of NCTJ course fees and/or living expenses while studying.
Thanks to the financial support of our industry partners, the JDF has awarded more than 440 bursaries since its launch in 2005.
_“It would have been impossible for me to study without the JDF. The JDF helped me to be able to bring my different outlook and experiences to the newsroom.”_
_Sanny Rudravajhala, JDF recipient_
Despite the challenges faced by the industry this year, eight new partners have come on board, helping us reach our ambitious goal of raising the annual value of the fund to half a million pounds.
In July, the Journalism Diversity Fund was honoured with a special award from the Press Awards.
Joanne Butcher, chief executive of the NCTJ, said:
_“This award is recognition of the JDF’s achievements since it was established, and of the significant amount of work that remains to be done to make the news media sector more diverse and inclusive._
_“We know from our regular research that there is so much more to do to make the journalism industry accessible and truly representative: and we want the JDF to be at the heart of that ongoing effort.”_
16
_Sanny Rudravajhala Victoria Scholes Mark Hudson_
Our annual equality, diversity and inclusion conference provides an opportunity to bring JDF students, educators and industry supporters together. This year’s event was hosted remotely by Bloomberg and featured panels on the challenges and opportunities of covering race and how to attract early talent and develop long-lasting careers.
We recognise that tackling inequalities and making journalism better reflect our audiences needs the combined efforts of the industry, businesses, employers and journalists.
This is why our forum for employers from across the media sector regularly meets to discuss and advise on the further action needed that will make a difference to the equality, diversity and inclusion of newsrooms.
Chaired by NCTJ trustee Abu Bundu-Kamara, global diversity and inclusion lead for Boeing, the forum also provides an opportunity for businesses to share and promote good practice.
In March, Victoria Scholes celebrated being the first student from Ability Today’s Academy for Disabled Journalists to pass the NCTJ Certificate in Journalism.
The NCTJ partnered with the social enterprise last year to launch an introductory course for aspiring journalists with disabilities.
Victoria, who passed all of her assessments first time, said:
_“I am really happy to have passed, it feels like a great achievement and to know I did it first time means that it can be done._
_“It takes a lot more than that of an average person to get where I am, and lots of hard work and I need a lot of assistance, but it shows that just_
- _because you are disabled you can still achieve things._
_“Ability Today have been so supportive of my needs and studying in a group of people who understood me helped me to succeed.”_
A new course is now underway, with the cohort studying for the NCTJ’s Diploma in Journalism qualification.
Also in March, we partnered with News UK to train up to 100 out-of-work young people through the Government’s Kickstart Scheme.
The paid placements are designed to offer young people a head start in a career in the media, and recruits are studying towards the Certificate in Foundation Journalism with News Associates.
In addition, the interns are also given a mentor from News UK, career support from The Media Trust, and pastoral support from Barnados.
Mark Hudson, head of early talent at News UK, said:
_“You shouldn’t have to fight so hard to get a foot in the door in the media industry. Through this scheme, we’re blowing that door right off, and giving young people the tools, experience and confidence they need to land a job in journalism.”_
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need to land a job in journalism.”
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17
## Effective communication and collaboration
During such an uncertain period, and at a time in which the NCTJ continues to grow, clear and effective communication has never been more important.
As the coronavirus pandemic continued to present challenges, we have kept all stakeholders well-informed about the NCTJ’s contingency plans, and any updates.
We have continued to encourage collaboration and the sharing of ideas through a regular webinar series around delivering training remotely.
We have also launched two new regular e-newsletters this year, to help us strengthen our communications with Journalism Diversity Fund recipients and distance learners.
The virtual ceremony, which was live streamed on YouTube, was presented by Sky News presenter Anna Botting.
Anna announced each category and the shortlisted entrants before cutting to Sky News and Sky Sports presenters from all over the world to announce each winner. Some famous names included Alex Crawford, Dharmesh Sheth, John Sparks and Sophy Ridge.
Journalists, employers and trainers who have gone the extra mile were also celebrated with two awards to recognise achievements in innovation and diversity.
Also honoured at the ceremony was Mark Hanna, co-author of _McNae’s Essential Law for Journalists_ , who won the Chairman’s Award for his outstanding contribution to journalism training and education.
## Student Council
Student representatives were able to meet with each other, quiz editors and give feedback to the NCTJ team thanks to a selection of remote Student Council events in early 2021.
Students attended the events via Zoom according to which sector they are studying in, giving them the opportunity to connect with peers on similar courses or training programmes.
Senior journalists and editors, representing roles in TV, magazines, radio, national and regional newspapers, digital and social media also joined the meetings to give advice to students.
## Awards for Excellence
Outstanding student, trainee and apprentice journalists were honoured in a virtual Awards for Excellence ceremony, hosted by Sky News in March.
## _Student handbook_
The NCTJ continues to send the NCTJ student handbook to students starting accredited courses, in a bid to help make their relationship with the NCTJ more tangible and longer lasting.
The 24-page booklet provides an introduction to the NCTJ, and information about the Diploma in Journalism and assessments. It also provides comprehensive careers advice and tips on applying for, and succeeding in, their first journalism jobs.
18
## The future sustainability of quality public interest journalism training
We were delighted that in December 2020, Facebook confirmed it was to extend funding for the Community News Project (CNP), the scheme launched in 2019 to fund new community reporter roles in newsrooms across England, Scotland and Wales.
The renewed backing of this ground-breaking, NCTJmanaged scheme enabled many reporters to continue in their role – moving on to work towards the NQJ, having previously completed their Diploma in Journalism during their time as CNP journalists. Other CNP reporters moved into full-time journalism roles after completing their qualifications, and a new cohort was recruited to take their place.
Among the many CNP success stories was Natasha Meek, who in 2021 moved into a full-time reporting job with Newsquest. Reflecting on her experience of the project, Natasha said: “Being a community reporter was more than just a job to me, you become a part of the city’s hustle and bustle with your contacts reaching every street corner of the patch.
“By the time coronavirus took hold of our lives and left Bradford damaged not only by grief but loneliness, food poverty, youth unemployment and mental struggles, the role became more important than ever.”
The NCTJ’s commitment to high quality training is driven by an understanding that public interest journalism is at the heart of the news media’s democratic function. All of our qualifications are designed to set journalists on the path to producing news that holds power to account and searches out truth in challenging places.
One consequence of the coronavirus pandemic has been that journalists have not had their usual access to court hearings. The NCTJ, via its membership of a media working group set up by HM Courts & Tribunals Service (HMCTS), has raised questions about similar challenges facing journalism students.
the Ministry of Justice in their work to improve accessibility, the NCTJ undertook a survey of its accredited centres last summer, which showed that all bar one of the 31 respondents considered direct observation of real court cases to be ‘very important’ for students working towards the NCTJ diploma. Yet in-person access to cases during the pandemic had been impossible for every centre; and only 6 out of 31 had been able to gain remote access to hearings for their students.
It was clear from the research that almost every NCTJ teaching centre was keen to have virtual access if it was not possible to arrange physical visits.
Tutors who had been able to observe cases remotely had found the experience beneficial for their students.
The NCTJ has also this year worked closely with government and other industry stakeholders in relation to the National Action Plan for the Safety of Journalists.
Keeping journalists safe is plainly vital if they are successfully to carry out their work, and the threats they face have become more significant and varied in recent years.
_The NCTJ worked with the University of Portsmouth and Surrey Police to develop pilot workshops, and will develop an e-learning programme on this subject in early 2022._
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19
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## Professional research and skills information
The NCTJ is committed to an ongoing programme of research to provide the industry with up-to-date labour market information about journalism.
Research conducted is also used to inform our current and future strategy and to help us develop our projects and services so that they benefit everyone the charity helps.
## Diversity in Journalism
In May, we published a new report on diversity in journalism, examining the characteristics of journalists in the UK.
The report, authored by research consultant Mark Spilsbury, was unveiled at an employer forum on equality, diversity and inclusion.
The research is based on 2020 Labour Force Survey (LFS) data, which suggests that the journalism workforce is getting younger, with the proportion aged below 30 increasing from 16 per cent in 2020.
The most notable feature of the 2020 data relates to the number of working journalists in the UK which is estimated at 96,000, an increase of 18,000 over the 2018 level of 78,000.
The report also noted a continuing increase in the ‘graduatisation’ of journalism, which could be acting against attempts to increase some aspects of diversity.
Joanne Butcher, chief executive of the NCTJ, said: “The headline result for the NCTJ in this really useful report is that under-representation of diverse groups in journalism and reliance on graduates continues.
“We need to do more to encourage and support those diverse groups into journalism, promote alternative, non-graduate entry points and encourage employers to recruit from this talent pool. Apprenticeships, foundation courses and initiatives like the Community News Project are becoming even more important.
“At the same time, we will encourage those who share our values in the higher education sector to recruit a more diverse intake and to offer NCTJ-accredited courses and qualifications.”
## Emerging skills for journalists
The NCTJ is commissioning a follow-up to its 2014 report: Emerging Skills for Journalists.
The world in which journalists work is fast-changing, therefore it is vital that we understand what is happening, and what will happen, to the skills needs of journalists.
_The research will feed directly into the provision of journalism training, via our development strategy, and will also contribute to the wider discussion on the development of journalistic skills._
20
## Business and finance review
Despite the challenges of the pandemic, particularly in the charity, awarding organisation and media sectors in which the NCTJ operates, the organisation remains financially stable and continues to invest in its products and services to support journalists and media organisations.
The charity is a well-established and robust organisation with a well-known brand in the industry that enjoys high penetration, employer support and recognition. It is committed to alleviating the pressures on funding for training and supporting journalists in the digital journalism skills revolution.
A long-term commitment has been made to foster a culture of continuing professional development for journalists to ensure there is public confidence in journalism standards and ethics.
## Resources and funding
The net income to the group amounted to £715,442. After the addition of net realised and unrealised gains on investments of £226,928, there was a total increase of funds amounting to £942,856. There was, exclusive of the Journalism Diversity Fund and the Community News Project, a trading surplus of £112,223.
The charity continues to work in partnership with Facebook and nine regional news publishers on the Community News Project. The Initial two-year programme with funding of £4.6m was extended by Facebook with a further donation of £2.18m in the year and is designed to support local journalism and improve the diversity of journalists in the UK.
The Journalism Diversity Fund, an industry charitable fund, is managed and administered by the NCTJ as a restricted fund. With an increasing demand for bursaries, NCTJ marked the fund’s 15th anniversary by setting an ambitious fundraising target of £500k. Donations totalling
£508,231 were received from the media industry along with private donations of funds raised by the Thomas Read and Claire Prosser families. Expenditure from the fund amounted to £413,077.
The charity has adopted a diversified approach to income generation. The principal funding sources are: donations from strategic partners; income from registrations; apprenticeships and examination fees; sales of publications and training materials; events and training courses; accreditation fees; sponsorship and donations, and investment income. The charity’s portfolio is invested with the advice of Investec Wealth and Investment.
## Reserves and going concern
It is the aim of the directors to maintain a level of resources which, in the opinion of the board, is commensurate with the identified needs of NCTJ. The policy is to maintain a minimum level of funds that would allow time for re-organisation and restructuring in the event of a downturn in income, protect ongoing strategic work and allow the charity to fulfil its objectives and commitments. This currently equates to c£420,000.
At 30 June 2021, the group had funds totalling £4,556,981 of which unrestricted funds amounted to £2,315,717 and restricted funds of £2,241,264. Excluding restricted and designated funds, the charity currently holds free reserves of £1,463,746, including £1,093,571 in a capital fund. Under the instruction of its trustees, this fund can be accessed, should the need arise, to meet the charity’s obligations under the relevant conditions of recognition set by the regulators in relation to protecting the interests of learners. This ensures sufficient funds and resources are available to enable the charity to develop, deliver and award qualifications so that every learner has the opportunity to complete any qualification commenced. The directors are satisfied that the charity has adequate resources to continue in operational existence for the foreseeable future.
21
## Risk management
The directors have assessed the major risks to which the group is exposed, in particular those related to the operations and finances of the charity and its trading subsidiary, and compliance with the regulators’ conditions of recognition for awarding organisations. The importance of effective risk management operates at all levels of the organisation.
## Safeguarding and whistleblowing
The charity has safeguarding and whistleblowing policies in place which reflect the services it provides and the people it supports and employs. The charity takes its responsibilities in these areas extremely seriously and requires journalism education and training centres to have their own effective policies and procedures in place. Policies are reviewed in line with changes in policy or guidance from our regulators and other relevant bodies including the Charities Commission.
## Structure, governance and decision making
The National Council for the Training of Journalists is a registered charity (No: 1026685). The training activities of the group are carried out by NCTJ Training Limited, a wholly-owned subsidiary. During the year, NCTJ Training Ltd made a charitable donation under deed of covenant of £163,252 to its holding company, The National Council for the Training of Journalists.
In common with all charities, the NCTJ exists to help create a better society. The principal objective of the charity is the provision, supervision and accreditation of journalism-related training.
The directors have the ultimate responsibility for running the charity and exercising all the powers of the council, and in particular, for its property, finances, strategy and accountability. Operations are delegated to the chief executive, who is appointed by, and reports to, the board and her management team. Stakeholders are involved through focus groups of editors and trainers, accreditation forums and seminars, the Journalism Skills Conference and the Student Council.
## Charitable contribution
|Statement of accounts|2020-21|2019-20|2018-19|
|---|---|---|---|
|Incoming resources|£3,855,553|£1,335,196|£5,870,808|
|Expenditure|£3,140,111|£3,380,043|£2,012,677|
|Operating Surplus / (defcit) for the year|£942,856|(£2,020,973)|£3,865,168|
|_Consisting of:_||||
|_Restricted fund (defcit) / surplus_|£550,000|(£1,822,327)|£4,046,424|
|_Trading (defcit) / surplus after taxation_|£392,856|(£198,646)|(£181,256)|
|Balance Sheet as at 30 June 2020||||
|Tangible fxed assets|£422,159|£401,451|£414,391|
|Investments|£1,093,566|£866,638|£840,911|
|Current assets|£3,441,303|£2,569,912|£4,536,341|
|Current liabilities|£400,047|£223,876|£156,545|
|Net current assets|£3,041,256|£2,346,036|£4,379,796|
|Net assets|£4,556,981|£3,614,125|£5,635,098|
## Notes
1. This financial information does not constitute statutory accounts within the meaning of Section 394 of the Companies Act 2006
2. Copies of the full statutory accounts are available on request
22
## Strategic partners
The NCTJ works with journalism producers in every part of the industry. Our strategic partners play an especially important role, enabling our work, and benefitting from a close relationship with our activities. Strategic partners help us to innovate, and – by their generosity – build our capacity so that we have the necessary resources to make a difference in the areas where our help is needed most.
Some strategic partners make regular charitable donations to the NCTJ and the Journalism Diversity Fund;
others support the development of specific products and services – for instance by running regular bespoke courses or qualifications for their staff. Others make inkind contributions to the NCTJ’s work, joining our boards and forums, hosting events, or judging awards.
Thanks to the direct and indirect support of our industry partners, the NCTJ is able to develop its role in a way that serves the needs of the industry.
We are always glad to hear from journalistic organisations which would be interested in becoming a strategic partner of the charity.
## Current strategic partners:
Archant _Barnsley Chronicle_ BBC Bloomberg Bullivant Media Chronicle Publications _Congleton Chronicle_ DMG Media DC Thomson _ESI Media_ Facebook _Financial Times_ Google News Initiative _Henley & South Oxfordshire Standard_ KM Group JPIMedia
## _Maidenhead Advertiser_
Mark Allen Group _Methodist Recorder_ Midland News Association Newbury Weekly News Group Newsquest Media Group News UK NLA media access Portfolio Publishing PA Media The Printing Charity Reach PLC _Rotherham & South Yorkshire Advertiser Shetland Times_ Sky UK _Teesdale Mercury_ Thomson Reuters Twitter
23
## Our people
## Trustees
CHAIRMAN: Kim Fletcher, partner, Brunswick Group VICE-CHAIRMAN: Laura Adams, client editorial director, Archant Lynne Anderson, deputy CEO, News Media Association Abu Bundu-Kamara, global diversity and inclusion lead, Boeing Andy Cairns, former executive editor, Sky Sports News Alan Edmunds, group chief operating officer, Reach plc Toby Granville, editorial director, Newsquest Colm Murphy, head of media, film and journalism school, Ulster University Jas Nijjar, charity finance, Target Ovarian Cancer Neil O’Brien, commercial director, NLA media access John Ryley, head of Sky News Abbie Scott, deputy managing editor, _Financial Times_ Jo Webster, deputy global editor for visuals, Reuters Martin Wright, editor, _Shropshire Sta_ r
Joanne Butcher, chief executive Chris Dunham, company secretary
## Staff
Nikki Akinola, diversity and inclusion co-ordinator Christina Borg, Journalism Skills Academy manager Joanne Butcher, chief executive Chris Dunham, head of finance and IT Kathryn Fladgate, project manager Kat Hendry, training co-ordinator Will Gore, head of partnerships and projects Lyn Jones, head of qualifications Rachel Manby, head of quality and assessment Kimberley Mason, assessment co-ordinator Alison Puttock, assessment manager Sarah Rix, head of marketing and communications Emma Robinson, accreditation manager Ellen Sanderson, assessment administrator Andy Summers, senior co-ordinator/developer Sophie Talbot, finance officer and administrator
## Lead consultants
Faith Lee, external quality assurance Mark Spilsbury, research Paul Watson, editorial
## Accreditation board
CHAIRMAN: Abbie Scott, deputy managing editor, _Financial Times_ Karen Ballam, shorthand chief examiner and shorthand tutor, Bournemouth University Maria Breslin, executive digital editor, Reach plc Tim Dawson, president, National Union of Journalists
Graham Dudman, deputy managing editor, News Associates London Ben Green, head of digital, _The Star,_ Sheffield Louise Hastings, managing editor, Sky News Mike Hill, course director for MA News Journalism, Cardiff University
Michelle Johnson, director of editorial, Vantage Media Group Roy Lee, vocational curriculum leader, Sutton College Stephanie Marshall, head of BBC West Ian Reeves, director of learning and teaching, University of Kent
## Joanne Butcher, chief executive
Rachel Manby, head of quality and assessment Emma Robinson, accreditation manager
## Journalism qualifications board
CHAIRMAN: Laura Adams, client editorial director, Archant Gavin Allen, chief examiner, journalism for a digital audience Amanda Ball, NCTJ principal examiner and chief examiner, public affairs
Karen Ballam, chief examiner, shorthand and further education representative
John Dilley, chief examiner, production journalism and practical magazine journalism
Vanessa Edwards, chief examiner, videojournalism for digital platforms
Mark Hanna, chief examiner, media law Catherine Houlihan, chief examiner, broadcast journalism Andy Martin, chief examiner, National Qualification in Journalism Simon McEnnis, chief examiner, sports journalism Rosalind McKenzie, education representative Nick Nunn, chief examiner, essential journalism Steve Phillips, chief examiner, press photography and photojournalism
James Porter, journalism training manager, news group partner, BBC Academy David Rowell, industry representative Chris Rushton, chief examiner, PR & communications Laurie Tucker, industry and apprenticeship representative
## Quality assurance and standards committee
## CHAIRMAN: Sean Dooley
Michael Adkins, group editor London and Kent, Archant Amanda Ball, NCTJ principal examiner Sarah Cassidy, programme administrator journalism, University of Salford
Joanne Butcher, chief executive Lyn Jones, head of qualifications Rachel Manby, head of quality and assessment
## NCTJ
The New Granary, Station Road, Newport, Saffron Walden, Essex CB11 3PL
www.nctj.com
Tel: 01799 544014 Email: info@nctj.com
Reglslered number. 02720630
Charity numb•r: 1026685
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
(A company limited by guarantee>
DIRECTORS. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
NATIONAL COVNCIL FOR THE TRAINING OF JOURNALISTS
(A ¢txnnY Ilmlted by guarnnt••)
CONTENTS
Page
Ref•renc• and admlnlstratlv• d•tslls ot th• Chwlty. Its Dlroctorn and advls•rB
Dlr•ctors' report
2-18
Ind•p•nd•nt audStors' rnport on th• financlal stat•Fnents
19-23
Consolldat•d statem•nt of flnanclal actlvttl
24
Consolldatad balanc? shoot
Charlty balanco sh•et
Consolldat•d ststom•nt of flows
27
Note# to the Ilnanclal stat•Mts
28-56
NATIONAL COUNCIL FOR THE TrAINING OF JOURNAUSTS
A Company Ilmlt•d by guar•nts•)
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY, ITS DIRECTORS AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2021
Dlrodors
Laura Adams
Gawn Allen
Lynne Anders
Bundu4(aThnara
Andy Calms
Jeremy Clrffor(l (rn 19 January 2021)
Alan Edmunds
Kim Fletther. Chaimwi
Toby Gfanville
Colm Murphy
Jasvinder Nir
Neil O'Brien
John Wey
Abbie St4)tt
Joanna W8bst8r
Martill Wrtht
Company regl$tered
number
02720630
Charfty rnglsl•red
nUMr
1026685
Roglsterod ¢)fflc•
The New Granary
Ststion Road
Saffron Wahjén
CB11 3PL
Patron
Ajex Cra
Company s•er•tary
Chris Dunham
Ch1 9¢tIva offlc•r Joanne Butch
Indop•nd•nt •udlto
Peters E¥Orthy &
Chartered Ac(xJuntants
Salisbury Hous6
Cambridge
CB12LA
Investmt rTh•ftag•r
Investec Weahh and Invastmant
2 Gr8sham Street
London
EC2V 7QN
Page 1
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
(A ComnY Ilmllod by 9[81•trI
DIRECTORS. REPORT
FOR THE YEAR ENDED 30 JUNE 2021
Th8 direcaors (who are also trustegs the charity forth8 purp)ses of the Charitie5 Act 2011) submil their annual
report and audited finanoal statements of Natk)nal Couridl for the TraiThrwJ of Joumalists (the Charity) for the
year ended 30 June 2021.
The directors confimi that the annual r8tM)rt and enal statements of the charity and the group comply wth
current slalLrtory requirements, the requirements of the dwritrfs goveming docum8nt and the provisions of the
Statement ol R8comm&nded Prnclice ISORPI "Accounting and Rewjrting by Charit19s" applicable lo chartties
preparing their accounts in accordance with Finanuol Rewting Standards 8ppli(gbJ8 in thè UK and Republic of
Ireland {FRS102) (second edOn October 2019).
Since the compary and the group qualif*9 as small urKler sect*)n 383. the stratsgic report required of medium
and large companie5 under The Companies Act 21))6 (Strategic R8tK)rt and Directors. Rep¢Nt) Regulations 2013
FS not required.
OBJECTIVES AND ACTivmES
Prlnclpal acdvlty
The principal acliwlies of the group are the proNISK)n. super)n and accreditatton of ioumali$m48181ed training,
and the diTeCtors intslld to conlinue to devdcp these ath¥ities.
Busln•ss dlr•ctlon
The NatN)nal Council fly the Trairung of Jownalists (NCTJ) has become of the most important journalism-
related Organisations in the UK arKI is unKlUe txin&Hr#J toggther 811 sactots of the madia and #ll sedors of
joumalism education and trainm.
Trained, qualified 8nd InJ$ted Joumalists ¥e vital in our dem(xncy arKI NCTJ plays the lead role In athieving
this.
Tho charity is a ¥4plE-eststrJishI arKI robust ¢xganisabon wilh a wdkknown and trusted brand in th& media that
enloys high penetr8t*)n, employer support and rec4)gnition for quality jOLtmalism and high standards. It rernains
financAalty stable with diversifd r8v8nu8 streams ¥0[ln9 8 rango of products and sèrvices.
The number of jLwmalists w(*king in the UK has risen rnarked from 78.IXIO in 2018 10 96,000 in 2020. The
peicentage of qualffied joumalisls who have NCTJ quafiCatIOnS is abso increasiry", 81 per cent in 2018 and up
from 63 per nI in 2012 arKI 58 per cent in 2¢M2.
Recfuilment ofenlry-level joumalists is bc4)ming. both and outside the tradiliond news1m.
Under.representation ofdiversa pS in journalism and re(* on graduatss ntinueS.
The media industy is undergoing significant charwe with dedining prinl tirculation and adv&rtising rev6nue,
growing dlgilal revenue and audiences. and threats to th8 suslainabilty of public interest l¢xal and regional nèws.
Journalism 15 changing rapidty in terms of the 5kilb required and Joumalists are expected to do. This is
time when investment in the quality of Intsted arKI train pumalists is more important than ever lo society.
The business direclion ol the charity reflects all this chan98. NCTJ is committed to allevlating the pressures on
funding for training and ensurtng irnalISts trainers are appropriately skilled in a sector that has b88n
revoluti(Mised by dwjital d8velopments. Th8 rol8 of NCTJ has bet4)m more important in 8nsuring quality contsnt
and high stsndards of loumallsm.
Thè tharity is dedicata to mathg o tlts and dem($trab1a contributy)n to the future sustainabilty of public
int8r8st joumalism in the UK.
Page 2
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
IA company limlt•d by guar•Dt•o1
DIRECTORS. REPORT {CONTINVED)
FOR THE YEAR ENDED 30 JUNE 2021
Athiovin9 greater equality. dNer3ity and wKlusion in the ioumali%m Worl([ has 8 more important
aspect of the charitls Wofk. This Wofk aims to encc¥Jrage and support those from diverse groups into journalism
roles and coreers. It invofves promoting all8matNe. non-graduate enty points and boosting rocrultinent from this
lalent pod by employers. Iniliatives to achieve thi8 indude the J¢JJmalism Diversty Fund. apprènticeships,
foundatson couws and the Community News Project NCTJ is also working With the higher oducation sector to
recrnit a more divetse intake and to offer atxredited courses and prof$lOnal qualifications.
To build ils capacty and capability in older to achieve the mission and Strateg obieGtiv8$. Ihe Gharity 15 securing
and impl8menting mofe high-profile partnership5 and woiects.
The charity continues to invest the dov8kwt of a broad r8ThJg of pr(Klucts and services for 811 ioumalisls.
media organisations and fr)umalism trdiners. A kJi)g4em commTimènt has been made to foster a culture of
continuing professional development for ioumalists to ensure there 15 Publ Confide in joumdism standard8
and èthics. This work is b*ng under the banner of the Joumalism Skills Academy.
In a fast-changing mathet 0¢8 and 7Aryth dlts1 develowents it means th& tharity has a vital rola to play in
enring thwe is Uplte and rnlkgble labr market informalion aboutpumalism.
Mlsslon
To be recwnised as tha industy chaity for attrang. qualrfjww and d8vebwJ tstandIng loumalists from all
backgrounds whts work to the highest professional standards.
Purp0
To provwje 8 world-class educalion and traintng system that develops curr8nt and future Icrtjmallsls from all
walks of Irf& forthè demands of a fast-chaThing media irKlusty
Stratsgl•s for a¢hlwlng ObCtIveS
In setting objectNés. the directLYs confinn that they havo paka due attention lo the charlty commission guidance
on pU1C bonefft and sectb)n 19 of th8 Charitb8s Ad 2011.
To achieve its purr•)se, the obiectN8S are to:
Offer outsL2llding wofession qu1ralS which guwantee the hKJh standards ofjoumokn nwded in
the workplace and trust wi maIlSts by the publ
Facilitate equalty of oPFynty in the journalism prof&swn bylaking actton to a diverse and
in¢lu$Ne cUUr
Accredtt hFgh quality (Jrge$ delNered by educat*)n and training pro%ryders and recogni courses of
eXUenCe
Foster continutrvJ professional devek)tx1rt fN)uMa$ts and ioumalism trainers throughout thr careers
Provrde sor¥Kes WKI prcxlucts thatare denKX he[ul and relevant to stakéholde
Pag8 3
NATIOMAL COUNCIL FOR THE TRAINING OF JOURNALISTS
(A compw lknltsd by 9Mteel
DIRECTORS. REPORT (COMTINUEDI
FOR THE YEAR ENDED 30 JUNE 2021
V•lu
The charis strategy is based on the dFslinctive dractaristS - the vaW - of the oryanlsatK)n. The valu95
are-.
Fair. accessible ond trar6parent
Strong, sustainable growth and test use of reswrc8s
Effective leadorship. manawient and £ernan
Equality. dNetsty and inclus•Jn
High profile. rgSPgCtgd and infiuwrtial
Upholding qualty. high standards and best wac*ce
Open. roceptive arKI responsw to charKJ8
Prfolllles
Divorsity and increase resources to build the ca9(>ty ar (apablty of NCTJ to Strengt* its role arnj
influence across all media Secto and related sectors where ioumalism skills are r8quire(l.
Establish tha Jwmalism Skills Aerny as ts one-slop shop fj0m8Sts and joumalism train8rs al all
stage$ oftheir Careers to devakf) th8ir skdls thanc* their kn¢Ad98.
Maintain a progre55ive. fiexible and indusive fram8work of respeded industry'gold standard, joumali5m
qualifitaln5 and appren1lcesh¥ lh* errtxace digilal and ottw develcoments.
Acmditioumalism courses of excellence at CO15. unNer5ities and ind8p8ndent providers and reward
and support them to achieve the medta indS challengng perf0mnCe stsndards.
Provide an 8ff8ctiV8 car88rs inf0miatlc semce that prte$JOurnalISM roT$. accredited courses and
the indust$ trainiNJ scheme for wofessk)nal p)umali5ts.
Take more action on oqualty. drversity and indusi(m to buld a iownalism workforce that wid8
partiapath)n w that it better Tetlects its audience
Motsli86 pIOtr$ to enwJrn the media industys prOfeSsal trainiry scheme Pfoduce5 joumalists with
hiqh ethical starKlards to win publ confthnce and tntst in qUaty ScyJmali8m.
Communicate and collabrxal8 effecfivety WFth all target audiences to in8$e take-up of NCTJ products
and seryices and to increase awareness of the NCTJ'$ br•xJ values, its rol8, value for monèy. agenda
•S8tting activaS and slalus as a chafity.
M8ke 8 posibve 8nd demonstrable ttriNlI0n to the fuknre SLBlainabilty of qUlty public interest
umalism in the UK.
Providg the industywilh subslantiV8 reseafch and uptothie skilL8 infomiation to (lev8W our
undending and response to the Tad changiry rna¢1 p*e for ioumalism.
Page 4
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
IA compary lknltod by guarante8)
DIRECTORS. REPORT (CONTINUED)
FOR ThE YEAR ENDED 30 JUNE 2021
IMPUCATIONS OF COVKI.19
NCTJ has experfented some disruptron to tts Operati and aG*vits95 sÈnce March 2020. The charty had the
advantage of a pristing business contingency plan. It was able to move quickly and smoothly tr) rerrw)te
working and adapted to new ways of V4rJrkirwJ and delivering key produds and s8rvices. In fad. although
challenging, over811, th8 pandemic has begn a parficulaty positive. productive and innovatNe period for the
charity in its 70-year history.
The charity has a(lopted Ihe fotknmng and aFPToath throughLMrt the pandemic:
NCTJ'S firsl 15 the health, saf•ty and I114)eIng of its p•.
The no8ds of l•amors. Contr •nd strat8gk partnors rwst 8180 be prh)ritrs8d.
Ahhough it cannot be 'buslness as usual.. as far as [x)Ss). NCTJ should ctinue wlth as many of its
buslness objectives and Pfiorities as possible.
Tho charivs fesponse to that1jeS will be er••Uve. proactl¥*. p05111v• and Innovatlve. The aim is to
flnd solutions lo prot4ems and new ways of wo19 in the interests of stak8holders and everyone th&
chartty halps.
A commitment to good COMMUCatIOnS and Ilexlblllty is vltally imp)rtant for both intemal and extamal
stakeholders.
T NCTJ'S finan¢lal posltlon must be dosdy monitored.
Contlng•nry pollcles and plans
NCTJ has a published ¢tingencY wlKy and plan which are updated regulady lo acnt for thange5 in
government and r8gul*Jry guidance and decisK)ns taken by NCTJ. There are accomponwrwJ FAQS for ntro$
and Eeainers to explain how poficies ap dir8ctty to them.
Regarding delNery of qualffi¢aIiLS, NCTJ has adapted and delaye(l assessments rathgr than estimating grades
based on previous perfom)ance or asktng educat($ and trdiners to make judgmenls 8bout their candidatos.
professional skiHs aml (x)mpelence.
Published p)licy makes it clear that NCTJ does rbot accept oxempti(ms. aquN8lerw Of recx)gnised prior
18aming for any part of ils qu8llfi¢alions. No sp9cTral consid8r8tion5 are made and the awarding of predicted
grades or mock assessment5. the substituti( of exams for another of assMent. or any adjustment lo
marking $ThardS aré not all¢ved. This ¢s to ensurn vi)Cati1 and 8mployer wuirements ore met, to ensure
assessments are fair auo$s all candidates. to maintain the integrity and valÉdty of NCTJ quabfications, and to
uphold the industy standard In relation to currenthwmalism w8ctice.
A pricAity for NCTJ has been to supkkn accrlIted 0)ue provwkn to ensure there is effective remoie d81fv8ry
of training and ass8ssmanls. Regular webinars have been oryanised for heads of journalism and course leaders
throughout the year. c and NCTJ have Vffjthed knjether to offer conting&nci8s to mikngate the advers8
effects of the pandemic on leamers.
NCTJ continues to offer remote 8xams to alk leameES to Comp tr*ir NCTJ qualrfications and to progress in
their careers. During the pandemio the costs of pr(K#oring lthnces havo been mel by the charity and not
charged lo centres or candidates. This decisKsn was made because NCTJ cx)tsld afford to and in order to support
our centres and leam¢rs during the pandemic whilst e¢)rcrfnB resttm$ wera in place.
Pag& 5
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
IA ¢omp•ry 1hn1t by gullr*nt••l
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
Addonal admknistrative suppcwt has W recruited to help the exam5 team cover tho extra wcM* of remte
invigilation. to Tun both remote and inw[19 exams, to with dderTaLs and to meet th8 neetj for greater
flexibilty cl the exams service.
Dur¢ng the year. Changes V+ere made to the arTangemgnts for ¢8ndidates with particUr needs lo alh)w them to
sf( exams at home w*th breaks and addition exam dates yre offered to meel demand from Cenlres.
NCTJ'S office h8s rem8ine(l open thrTht the pandemtcfor essonlial aclwitles. team meetings arbd training.
gulatory consld•ratlons
As 8 rgguLqled awarding organisaiion. NCTJ works closety wilh ils regulators. particLElarfy Ofqual. to infomi its
contingency pollcy for regulated qualthcations and apprentih1)s. During the year. NCTJ work9d within the
Vocational and Technical QualrfiCanS Contingency Reguiatcwy Fraork (VCRF). This allows the Diploma In
Journalism and National QualificatK>n in Joumalism to be adapted for candidates wtshing to prOgrS to
8mployTn8nl or senior ststus. The offer of remte exams fa115 Within this definition of adaptstion and supports
Ofqu81's KKJlicy lo deliver a5 many results as [bE0 10 18amers. NCTJ has responded rggularty to the
regulatots, ts)nsuMations about and dglivgry includiThJ its pimring work on remota 8xams.
Flnan
The financlal positlon of Ihe charrty remains in a strong p)sibon aThJ has allowed the charity to continue its
investment in digtal dov8lopm8nts inthn9 frieaming W(¢13. a datsbase management system and upgrades
lo the website.
The charity hasn't rèceived any fin191 suppl from sY)vemment duiing the pandemi¢. No staff have been
fuTloughed. Duriro the year thafe has been a signrficant inrxease in income from assessments compared to
2020 when some exams were rKJstponed and dela. Distance leaming course sales have also increased.
There h8s been a drop in income from In-peOn events. All other income stre8ms have been satisfactory and
¢ts have been man8gèd appropriatety.
NCTJ keep its resources under rnvi8w and any IW wnpact on the ftrture aims and athitles of the
chartty.
A hd future
By compelling the c*arity to adapt to r*w ways of Wg. to make changes lo its operations and to innovate,
the pandemic has resul in many beneffts and advantsges that wll continue. In a suNey of c&ntres, 64 per
cènt were planning to relain elements of rente beaming for fubjre hOrtS and 77 per c*nt would like to offer
remote gxams if NCTJ offers this tIOn.
The general conduston is that the future hjtsid and the dwrity Is likely to offer a combination of f8ce40-face
arkd online meotings. courses and events, a choic* of remote and invC8ntre exams, accredltalion for hybrid
courses and remote coyrses, and 9ater ar hometh*Y)rkÉng flexibility. The pandemic has gr8aUy
reduced paper¥w. travel thne and some ofthe charitys ojsts.
Summary
The Iruslees arn satisfied with the readership of the c*arity and the way il has been managed during the
pandemic. They have assessod the impact of COVID-19 M the charivs investrnents, 0rationS. activitlas.
servicos. fundraising, staff and vduntsers. There are no immedk?te threats to the charitys fInanS and
reserves. The short, me(lium k)nger4emi prioribes ofth9 Charity remain uje1 ular remew.
The trustees use the charitys risk management approach (see bekMT) to assess any uncertainties and concems
Page 6
NATIOPIAL COUNCIL FOR THE TrAINING OF JOURNALISTS
{A company Ilmitthl by guarant••l
DIRECTORS. REPORT (cop¥fiNUED)
FOR THE YEAR ENDED 30 JUNE 2021
that may impact on the charity. Tlw arg Satisfi Ih8t t)Jrnt ternal controls remain robust. that the Is no
significant diSrUpn to maintsining Pfoper and effectNe accounting roo)rds and that increased working from
home has not adversely affected tha c*arity arKI is bn9 mana98d appropriately.
ACHIEVEMENTS AND PERFORMANCE
Revl•w of k8y a¢tlvltles
Dlver&fylng and increa9 rnSOUffCgS
Work lo increase the number of strategic pariners tyi¥otved in the charity is o)ntinuing and morè media and
rdaled wnpanigs and wganisations are Kivolved in the chariws work than ever before. This is helping lo boost
fvnding, support and recognilion fortha c*aTity so thal it can achtev& 113 objectives.
The divèTStfIcatsn strategy invofves buikling le)nshIpS and partnerships in Th)n-tr8dition81 and ioumalism-
related sectors. and increasing the range of 5er¥ices and pTc4Jucts to meet the needs of all stakeholders and thg
increasing number of loumalists. The charity continued ts InvestnI in dtJ( ital toot5 and resources to meet the
needs of th6 charnJing media industy and Ma forNiumalism skill5.
Continuing profes1 dav8lopment8rtd the JwmaATsm Slulls Academy
In a malor strategic develOpmt for the charity. the Joumalism Skills Acadwny (JSAI launched in September
2020. There has been strong suPrt for th& JSA and recognilion that this offers an optKJrtunity lo provide mor
cost*ffective training and career iknjopment opw)rtuniiies for i(MFmalists direcdy and In partnership vith
employers and other organisa*ons that share MCTJ vduès.
Centred on a new e-leaming plafform and supported ¥th funding from Google Nows Initiall, the JSA provides
a (ffie4top shop for joumali$ts at all sts98s of their to develop tr]r sknlls and advance their knovAedge
of the industy. It aims to rewWi8e a cUlttj of IX1ThJ professional development across the journalism industy
and lo thange the perC10n of NCTJ from an entyknl focused organisan to one that advances joumalism
skills and knowledge at every level and across all sectors of the modia.
NCTJ qualificat*)ns are nrx¥ avaiLgble to on the JSA e&aming aIfOrnI IndudirKJ the Certificate in
Foundati Joumalism, the Diploma in Joumali8m and tha National Qu81ifThtion in Joumalism.
With the impact of COVID restricting trainirwJ. the majority of JSA tra#iirKJ and cL)urse materials have
tn adapt8d for online dolbverythr0L ybInats.
NCTJ is playing a key role in the govemmenfs natM)nal tAan. putAished in March 2021. to tyotecl Boumalt8ts from
threats of violence and intimidatKm. The plan. supped by au the industys key slakeholder3 and the police,
indudes a pledgo Io Pfovide training for joumalists in managing threats to thwr safety. In partnership with Surrey
Polic8 and th& Untversty of Portsrnuth. the first PTOi8Ct invow rxlothwJ a workthp on sof8ty and the
tera(aion betrween wllce and joumalists.
QUaliflI0nS and apprgnticeships
NCTJ qualffic8tions continue to dfftlop in fjne changes to joumalism practice ond the tharitsls
diversfficalion strategy whitst retaIrn9 th8 fr5 on (xxe skills and slarthThls.
Thts work i1[#19d a review of the structure of the Diploma in Joumalism. I1¢h upgradgd tho qualification from
level 3 to 5, and updates to the essential Tr)urnalism aThJ broa1 units.
The first tevel 6 National 12ualrficalion in Journalism INQJ) exams for (x)mmunity Soumali5ts wgrg sal in Mar
2021. Further sp8cialist P8thway5 are in development.
The cl)8rity continues to play a 18ad rdg in th8 deveh)pment and 85sessnI of loumallsm 8pprenticeshlps by
CO4ordirkitiro the Wofk of the media industys IrailbLazerf and as the reniSed End Point Assessment
Page 7
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
(A company 1kn11 by guamtse)
DIRECTORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
oryanlsan. The level 7 senior pjumalist apwgnticeship was appn)ved by the Instrtute for Appronticeship atNI
Technical Education and the NQJ is the mandated qu81IftK)n. The level 3 apPrenteSlP for lunK)rSoumalists
was updated during tho r and proposals f(K chawe submitted to IFATE.
Accredilalion
NCTJ'S risk4>ased approach to accr8ditalion provth 8 iTrJorous. transparent and cost-gffoctive Wem that also
fosters doser collaborabon betsveen course pThklets. emploiw5 and NCTJ. Et is basgd on courses meeting
seven perfomiance stsnd8rds:
Qualityjoumalism education. training and resulls
Close industy links and practi1 UptrTrdatevrnaI1$m experce
Professional delivery of NCTJ qualifThfions
Commitment to equality. dNersty and HUSI)n
Innovat, arnb0n and continuous improvement
EmploYabty
Communication, CollatrKjrai aml contaca
l joumal¢sm sch¢Jok running accredited courses are assKJned IndLthy thi5ers to support cenlres and add
value. Hiqh perfomiing centras Conder&I r(%k have less direct inlerventton from NCTJ. A focus of
accroditation is to help attrac# students lo the best T5&S to gjpply tho industy with a p¢in6 of Iralnèd and
qualrfied talent from all walks of lrfe and backgrounds.
New cenlres vthh courses accT8dit8d by NCTJ during the ar were: Glasg(yw Cwe cole., Uverpool John
Moores UnNersity, and Oxford Brookes Univetsity. Former centres no long8T running acwliled r$8$ were..
De Monffort UnNersty. Falmouth Univetsitr. and staffd$hiTe Umetwty.
The top performing courses by aducotion and trwning se(knr based on sludent5' rosults ift the dlF4oma wera..
Cardiff University, University of Kent News Asso(i*es LorKkn' aTrJ Wofverhamplon College.
Caffters inf0mlatn
As a resLFIt of demand from othor se(tss forj0umalt talent as well as inry9asirwJty competiti recruitment
and edu¢at*)n mafk9t, induding the need f greater diversity and indusion, the charitys work to promolg
joum81i$m and a¢¢r&JTted courses has bew))g vtlal. A new edition of the careers guid8, sponsored by
the FT. was published during the year and showcas8s different routes Hito pumalism jobs. The on-going social
media campaign. #chrJ)seNCTJ. rtinUeS to t* Su8$$fUl in promting accr*lited 1r8e$ 8nd NCTJ
qualifications.
Equalty. dNersty and inolusA
In September 2020. NCTJ announced its plans to bmaden and scal8 up its work (m equality. dlverslty and
indusion. This induded the apwintrnent of the thariWs first dNersity and indusicm ciFordin8tor. Nikki AkinoFa.
The areas i(lentffied for further investment and supyt cover car8ers promotton and infomiation. research,
entylevel training. m8ntoring. and continuiry skills and career de¥ebpment support.
NCTJ'S work on 8qu81ity, diversity and inchJsw)n is irrf0M by a group of more th8n 30 employers
from across the media Sector vtho advise on tho fvrthw action negded that will mède a difference to thg make-up
of newsrooms. This foium is also an opportun¢ty for bu$Hwsses to share and promot8 good practice.
NCTJ continues to run the industys JcoJmafL%m Dwwsity Fund by encouraglng the awarding of bursaries for
those who cannot afft)rd their training. The fvnd fost8TS gr88ter div8rsty in the newsroom by promoting Careers
in journalism and awarding bursarigs to those from i*verse bagrOund5 Mfjthoul the fmancial means to attend
NCTJ-accr8ditgd ¢ours8S.
The Joumallsm Diversity Fund is rnanaged and administered by NCTJ as a rèstFicied fijnd. Repeat donation5 to
thè fund were reved from NLA media access. The Printing Charity. (kJog18. Sky UK, BBC, Bl¢x)mberg. Daily
Page 8
NATIONAL COUNCIL FOR THE TrAINING OF JOURNAUM
(A comnY limltod by guarantso
DIRECTORS. REPORT IcoimNUED)
FOR THE YEAR ENDED 30 JUNE 2021
Mail an(1 General Trust, Reach. Reuters. Finarml Mmes. Press As3aon. and Dchv Jongs. New donations
were CeIved from y3, ITV. Insider In& A2iz Foundation. Joumalists. Charity. S9ty of Editors, British
Medical Joumal and On AG. Donations totallirg £5.IA1 wgrg Te1Ved for th8 Thomas Read bursary for
joumalism stud8nts th disabilitw and £6.OW for the CLqire Prosser butsary for students studying broadcasl
umalism.
With an increasing demand for bur5aiies. NCTJ marked the JDFS 15th anniv8rs8ry by setting an ambiticS
fundraising target of £500k for the year, whith was met in June 2021.
Th8 JDF received a sp8cial award in ts 2020 Preyy Awards for heIng more than 4(Kl peotAe from financial
disadvantag8d backgrounds train to b8 PUTnali5ts.
The tharity partnwgd with Atilty Today to deliver a succassful introductory joumalism course for aspiring
joumalists yth disabilities.
News UK workéd kn partrlotship ¥th NCTJ and P$$185 to run a trainlng schemè for up to 100
unemployed youry paople to help them break into Ihe media. Traineès v*iN complete six months of paid work
placements and training for the Certificate in Fndati0ft JoumalÈsm.
Communicatw) ar collaboration
In the fight against misinf0mtIOn and fake r*ws. NCTJ'S role in ensuring quallty twsted ioumalism is becoming
more important and high profile. The charity made a commitment during the al lo invest more resources In
marketing and )MMunICatIOnS lo promote Ihe NCTJ brand and its values. and vthy it matt8rs. The chailty has
engaged the seFvlces of CT Grwp to hdp it deveh)p a nff4¥ wnmunKabons strategy and action plan.
The charity de¢id8d 1 lo run the Joumakn Skllls Conference in 2020. Instead. Sky Naws hosted the awards
for excellen in an exceptional live-streamed event broadcast on YouTube on 18 March. A record-breakirig 417
entrtes were received across 15 categories, in addit*)n to th& 1,161 sludents and trainees eligible for
perforniance awards. Anna Botting introduced each category and the shortlisted entrants before cutting to Sky
News and Sky Sports News presenters from all over wodd to arbnourTh each winner. Some famous names
include(l NCTJ patron Alex Crath. DharwÉsh Shèth, John Sparks and Sophy Rid98.
Mark Hanna, co4vthor of McNw's Essential Law for Joumalists, receNed the chaimian's award for his
outstsnding ntr1tlI1On to joum81ism training and educatbjn. Mark was a senior lerturer in journalism at the
UnN8rsity of Sheffield until hls retirement in 2020. and is also NCTJ'S chtef examiner and chair of the mèdla18W
and regulatFon examinations board.
Rather than oné iiwrson Sttjdenl Councl even( smaler group Inars were for Sdent representatives
lo glve feedback on the NCTJ'S training scheme.
In 2021, the charity began its 7LIth annrvgrsary by becomiNJ the new home ofT8elin8 Shorthand. In
tsking over the cx)pyrigM from the Teeline Rordlties Partnetship. NCTJ has removed licence fees to provide frea
access for the commeNal use of Teeline oulines by trainers and providers. This movè has brought Teeline out
of copyright 20 year5 early and made it avaibNe for the public benefit and to support journalism training and
standards.
Public inl8r&stjoum81ism
During the year. the charity continued to manage 8nd qualty assure the Communty News Proj8Ct {CNP).
successful partnership bgtW8on Fac&trthk, nin8 regnal news publishers and NCTJ. Facebook made a further
donation lo exten(I the prolect for one year. The CNP has invoad th& r8Cfuitmgnt and training of more than 100
community iournalists working for the nin8 publishers. Th8 Proied aims lo increase the quantity and quality of
news stories in under reported Commun8$ in EWand. So)Iland and Wales. It also aims to improve the
divarsity of nèw 8ntrants into ioumalism.
Pag8 9
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
(A company Umltsd by gu•rantee)
DIRECTORS. REPORT {copillNUED
FOR THE YEAR ENDED 30 JUNE 2021
Communhy news reportas thed toward5 the drploma or NQI aThJ the training was provided by Bauer.
Boume¥nouth Llniver5ity. DarfIng Colknge, Glasww Caledonian Unrveity. and Sheffigld College. Oth&r
formal training included a 'boot¢amp' run by Fb[%)k and nine EbInarS organised ty NCTJ.
In December 2020. the BBC and NCTJ announc8d Ih8y had iclned forces lo cxeate a bespoke training pathway
in the NQJ to alk)w hwJh-qualty junior rewters to be rewitetl for L(1 Demlwacy Reporting S8rvice ILDRSI
positions. This aims to attrad a diverse of higtpqtsalityim&L8ts. Whi gNing reportefs a ctear career
d8velopmont path.
NCTJ supwrts relevant extemal campai$ and industry iniliaths. and during the year th058 included
Joumalism Matters Week. Behind Local News, Apprenticesh) Week. Intemational Women's Day and Nallonal
Careers Woe
Rerth andpUblallOrt$
The charivs on4Joirbg investrnant in professional research contsnued wlth the publution of a new report on
diversity in IrnatisM. examining the charactsristst% of joumalists in tho UK. Th& roseaich. auihored by NCTJ
research consullanl Mark Spdsbury. was based C 2020 Latrr Force SuNey data.
NCTJ published books durin9 the spar, Essential Joum81ism. by J¢)nathan Bakor. in partnership whh
Roulledge and the seventh od11 of Essential Pub¢ Affairs for Joumalists. by Jam8s MoNison, li partnershlp
th Oxford University Prass.
Fol1Dvrj the retirement of Mike Dc*Jd. &an Harrison was appoinled to Work with ma Hanna on the 26th edftlon
of McNae's Essential Law forJ(bumaIts. due for putAir2lion in 2022. Sian is law service of PA Media.
Perfom)anc•
The results are siwnmwised as folkws:
Totsl income to the charity Ivas £3.855.553 (2020: £1.335.1) and lolal eXrlItUr8 was £3.140.111 (2020..
£3.380,0431.
The net InMe to the group. before Irwe$tTh gans. amounted to £715.442 (2020.. net expense £2.044.8471.
Together with net rt1ed and unrealised gains on irwestrnents amounting lo £226.928 {2020: £25.7271 this
produthd a total inrxease in funts. bef? taxaticm of £942.370 (2020: Feduction of £2.019,1201.
Income g8nerateil from the Dipltxna in Joumali%m was siwthcantly hMJhof than in 2020 and income for the year
amounted to £523.899 (2020.. £345.2871. The increase was due to exams cancelled. p)stponod and deferred in
2020 and an increase in the numbgr of leamers in 2021.
Income from the Nalional Qualification In Joumalism was £30.26612020'. £33,813) and 87 {2tr20.. 100) trainees
sat th8 exams.
132 C8rtsficate in Foundation Joumalism cand¥Jates submitted 495 unit assessments during th8 ar12020. 60
candidates submitted 317 unf( asse&sments).
1.30512020: 1.1921 joumalism studgnts enrolle(l on NCTJ-accredrted s*urses during the year.
At the end of June 2021 there were 36 {2020: 36) ontres approved to run amdited joumali8m courses across
the UK. Income from accreditation was £34.43312020: £34.7141.
4212020.. 42) IrainirvJ ru[s•S vwe run during the Jwr. These courses and rgvenue from training patherships
generete(l inc(*me (rf £113,836 (2020.. £115.549).
Revènue from events was £8.250 (2020.. £18.928).
Page 10
NATIONAL COUNCIL FOR THE TrAINING OF JOURNALISTS
IA ¢omp•ny lkn11 by gu•rnnlo0)
DIRECTORS. REPORT {CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
There wer8 417 entrios In Ihe AwaY(Is for ExLxllance (2019: 395).
Salos of distsnce leaming courses and SO of books and digital matorials Sncreased by 16 per cant lo
£201,947 (2020.. £173,946).
73 12020: 931 trainee jouMaSts V+ere registered for the NQJ during the year. Incor from rggi8lrations was
£4.96912020.. £6.3641.
61 {2020: 951 apprentres slwe regFStered dur th& ar. Income from apprenticeships wa5 £59.235 (2020:
£62.315}.
Income ffom Strateg partners was £58.0(K) {2020". £58.0001. In-kind income was lower thi5 year at £38.100.
refiecting the reduced numbef offac&tt>ts¢e events12020.' £56.51.
Sponsorship income was £66.787 (2020.. £21.550). This irded part of funds committed by Google UK to be
ulilised bglween April 2021 arKI Mwch 2022 lo furfher deve and wmte the Joumalism Ski115 Academy.
Total donations to the Jwmalism thversity FurKJ V•*ffj £SJ8.231 lindudirwJ £7.900 of gits in kind) (2020:
£374.907. induding £26.440 of gifts in kindl) arKI total experKlitiJre Was £413,07712020: £327,378) giving a not
in¢Toas¢ to the of £57.660 after the allo¢albon of investment income 01£52 and transfeTr.
Durfng the SBar, 69 bursaries from the Joumalism DiveFW Fund were awarded to sludants studwng NCTJ-
accredtted e4)UFses (2020.. 451.
In January 2019, a don8tion of £4.6m (US $6ml was made by Facebook to finance thé Community Ngws Project
for two ar$. A further donati(m of £2.18m {US $3m} was rec*ived from Facebcok in D8C8mb8r 2020 to axlend
the project for a year.
In 2021. £1,404,480 (2020: £1.905,512} was paid to nine publishe leawng a balan of £1.963.207 after the
811ocalion of investm8nt Incom& of £771. There a desHJnated fund hekt by the tharity to deliver the project.
Expendrture in the year fffjm thi8 amounted to £232.308 (2020 £212.163> leaving a baknce of £436,553.
At the end of June 2021. 55 communty reptsr$ were workiNJ in their roles.. a total number of 111
TepKSrters h8ve been recruited nce Ihe prDiect began. Of the 55 repcrters. 38 (69 per cent) lall wthin on8 or
mofè of the categories designated as dee and 25 Fer cent of the rew>rters identify as BAME. The reporters
completad 250 diploma assessmwts ond 48 NQJ ossessments during the year.
FINANCIAL REVIEW
Golng ¢onc•rn
The directors are satis that the charity has adequate resourtss to continue in operational exlstence for the
foreseeable future. For this reason. they continue to adopt the goirvJ con(*m basis in preparing the finanaal
statsments. Further detaS regardir¥J the a(knp1 of the g)ing txMKxm basis can ba found in the accounting
poliues.
Inv•stm•nt pollcy and porforrnanc•
Under the memor8ndum and artides of associaknn. NCTJ has the power to make investments in such
securities. property and other investments as the directors see fit.
Tho Portfol 15 invested wilh the adce of Inv8Ste¢ Wealth & Inv851ment Ltd and the directors ar8 satisfied with
its overall performance in the Cuffent market conditions.
Page11
14ATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
IA cl>mnY UM1t by grono)
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
Fundlng
NCTJ has adopted a dNersffjed opproath to inLxme ernt. Th8 principal funding sources are.. donations
from 5tratQ9i¢ partners. income from wi5trations: apwenticeship and examination fees: sales of publications
and training malerlals: events and training courses: accreditation fee5.. donalh)ns to the Joymalism Dlversty
Fund., snSorship and donat*Jns: and invostrnenl rncom.
The chariws strategic pathars help the charity to innovate. build capa¢ty and ensure tt has the resources antl
support to make a dtrfference in the areas where he) is needgd most. NCTJ'S team WO9 to increas8 the
number and value of the stskeholders in}ed.
The directo have given due )nSideratIOn to thè fundraising regulations and their duties aTKt responsrbilths as
Itees. During Ihe year, NCTJ did not furKlraise from the public and did not engage the services of professlonal
fundmsers or Ihinl-P8rty agena
R•sorv•s pollcy
It is Ihe aim of the dir15 to generate surplusgs suffiaent to maintain a level of resources which, in the C¢slnion
of the board. is commensurate with tho id8ntified needs of NCTJ. Directh wtll continue to monitor the fvture
allocation of investments lino with the charit$ reserve5 policy and dov8k)pm8nt str8tegy.
Th8 pdicy is lo maintain a minifnum level of funds equal to four months of overtb8ad expenditure and slx mnths,
Salary costs. This currenuy equates to c£420,000 and y+1d al Iwne for a re-organisationlrestructure in th8
l of a downtum in income, protecl rry)ing strdtegc work arKI allcm th8 L*81ity to fvlfil rts ijbjectwes and
mmitments.
At 30 June 2021 the group had funds tolalling £4,556.981 (2020: £3.614.1251 of which Unrestrict funds
amounted to £2.315.717 (2020." £1,885.336) and rastrtrknl ffijnds of £2.241.264 {2020.. £1,728.7891.
An 8natysis and purposes of th6 funds are shcAvn in notg 17 to the aunts.
Exduding restrrcted and designated funds. the charrty rrenty hL4ds free seNe9 of £1.463.746, well in excess
of the minimum r8quirement sel in its policy. A PrOrth)n of this fund, £334.470. was accumulated in 2010
through the gxtraordinary repayTrent following the cktsurg of a ffin81 salary pension schemo. The fund was further
bLK)Sted by the exceptional growth in its invesknent w*tf(Aio during prav•)us financial years. The charity has
undertaken increas¢d l&vels of resoar¢h arKI development and has invested in enhancing rts products and
servicas lo ma8t thanging skills needs. It is placed to c*tInue to meèt the changing requirements of both
luture loijmalists and industy skills.
PLANS FOR FUTURE PERIODS
NCTJ has a strategy and an ad*Jn plan of pleS ¥Ath perf(Kmance incficath and risk 8ssessments. Thwe
are supplementary stratsgies for qualrfications. awrtaIn. the JSA. research, communications and equality.
diversity and indusion.
The overall stratsgy for the next ar wll focus on wKxibes agreed by tho trusteas and will continue the work
to ensure NCTJ has Ihe expefbse, supp)rt. woducts and resources to operale effeclivèty as an industy tharity
for all m8dia s8ctors and joumalists. The current strategy and pkn aim for NCTJ lo be..
- A fully o)nverged professr1 organisation supp(ed and fund8d by am the18ading mla organisations
Th8 first choic8 'gokl standard, for professional. hwJh qUaty N)umalism tareors. courses, continuing
professional developm8nt. 8ppienticeship5 and qUatifall0ns
Pagè 12
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
IA ¢ompany Ilmlt•d by guarantso)
DIRECTORS, REPORT {CONnNUED>
FOR THE YEAR ENDED 30 JUNE 2021
. Focused on hs charflable adivitses 8rKI generating incAJme str8ams to P8yfrK these activitles
. Kn¢)wn for the tskwi an(1 the Fgrtnerships d8veW to wonb)te th]ualty. dtver5ty and incluslon
- Recognised acling in the best interests of trusted quakty ioumalism, ()ntinu evolving and adapting
products and seNices Ml response to thange
- High rKofile with w*Jer public rec()Jni
- Responsible for accreditlng and prntilln9 qualty. inngvalive journalism tra¥)ing and careers
- Successful in developing partnerships arKI proiecas to sustain qualty public interesl ioum81ism
The charitls detailed review of its five-year devglownenl $tTatggy b on-going to refflect its latest research
finding5. changes to jOLFmaltsm arKI the impaca of the pandemi
In th& ahead the charity will scale up the rnIng resources of the JSA. evaluate and improve current
provlsKJll and user engagement. commiSsn and use res8arch to Inf the devebpment of new courses,
materials and r&gJurce5. PrO[ting th8 JSA to kay aw118nS and wth¢ng with partne is another koy activlty.
Work will continue to buikl effectNe stratty parIneh4ps vthh Ske-minded organisatlons. We aim to develop
partnerships with thos8 who can assi51 us in our mission to attrac¢ qualfy and develop OL51standing joumalists
from all walks of lrfè who WO to Ihe hJhest prOf10nal stsndards.
In tho ch8ritys wort to supp(vt Ihe fubjre sustanabilty of Wb1 in191 Uma11$M, NCTJ WIM ensure thè
Community News Pr¢¥ecL remain5 a Success. it Tr11 emb8d the nthv trainin9 scheme for the BBC-fvnded Lo1
Democracy Reportérs and wll work with partngrs io dgmse and delvw furthw projects in line Vth its charitsblo
objectives and PTioriIi8S.
The ch8riVs umnmitmenl to equty. diversity indusion [5 a top PTK¥ity. Thls invoEves hefping more poop19
from different backgrounds to train and devolop their Careers as loumalists and to tackle under r8presentstion in
SP8cific joumalism sectors. By exlending the charitls c4)mmitment to mid•career skills. il aims to achieve greater
diversty amongst newsroom editors and manager5. NCTJ 11 us& ils 8mployars' forum to prowd6 advicè on
further acon needed and hjeas for frJndrai5ing to w Iha JDF and tts remit.
The charws 70th anniversary c8lebratx)ns in 2021 wal indude IVL) map)r events: tho equallty, dlversity and
inclusion conference. hosted by 8kx)mbwg. arKI the Joumalism Skills Conference in a new fomat.
The charity will continue its investment in dwJital tools and resources as well as making further developments to
its operations. pmducts and seMc8s to meet the needs of the changing m9dia and educ¥tion and tratning
sectors, and to serve new markets forp)umali5m thl15 in line with tts diveTsfficatM)n strategy.
A new website and exams managem8nt syst8m b818unched18ter in 2021.
During the Jear ahead. expect to completè the d8velownont of a MmunIt4110nS strategy aThJ to start
plem8ntMig the agreed actK>n n.
Further develcpments lo NCTJ qua1lfKatr wll be made. irKludiTrJ NQJ p8thw8yS, 8nd plans are kn place
to kncre8s8 the numbèr of apprentr8p)umali5ts.
Th8 charitys reSeah programme during ts year wll inclLKJe tIOn of thg SecCd edition of Emerging
SkTrlb for Joumalists.
Page 13
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
(A company Ilmlted by guarantoe)
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
The directors renkqin focussed need to manage expILUre appropriatety and in line vrith lis charitable
obl8ctfves.
STRUCTURE, GOVERNANCE AND MANAGEMEKr
Constltullon
NCTJ is registered as a charitabl8 corrwny knited by guarantee and was incorwatèd by t deed on 5 June
1992.
The charlty is ConSbJ18d under a trust deed dated 5 jur 1992 and 15 a rggistered charity number 1026685.
The Principal obied of the tharity vs the provisK)n. supervisKJn arKI acueditation of ioumaltsTrr8laled training.
and the directors intend to wntinue to devek)p these activrtiès.
Method of appolntm•nt or •lKtlon of dtr•ctors
New directrms are r8cDmm8nded and apwinled by Ihe directors. Ntjminatsns are vettad carefully 8nd
consideralions indLtd8 skills and experience. representation of stakeholders. elh3ibilty and conflicts of Interest.
The chairman and chief 8xecutTrve are respoblo for tho induc11 and tramiing of directh aThJ formal
training is availalle covering the role of a Iwstee. )VeMan. finance. chairing committ88s and tr*)8rd
18&lership.
The number of directo is not suty'ect to any MmuM IXA i8 t less than three. A di10¢S tgrm of office Fs
rrf)ffnally for at least three years and a peiicKI of up to nine years. Thereafter the term of office of individual
directors will b8 r8vi8wed and may be extsnded further by the dire¢kns rf It is in the interosts of the charity.
K•y manag•mgnt p•rnonTr •nd rwnuTh•radon poll¢y
Memb8rs of the senior m8n8gement leam durfftg Ihe Ere. the chief exwtiv&', the head offinance IT.,
the head of quality aThJ 8S58ssment" the head of partneh[p5 and proi8rt8', and the head of quallfications. Total
tsjsts for the yaar amnted to £402.171.12020.. É392.476).
NCTJ recowises that motivated staff are vital to the SU5$ of the anISation. NCTJ is committed lo a policy
that rewards and recwuses Staff both formally and informalty. and in financial and nOfinaal ways.
Arrangerrnnts ar8 in pFac8 to r80)3nis& ujmpany. leam and indivwjual athievemants and to ebrate Su$5.
NCTJ wants its staff lo feel that. in return high performan and nwting ob5ectives. rt is a great place to Work
and that their wntributions make a difforen¢e aThJ arg appreciated.
NCTJ approach to rewar(l and re(tyJnil#)n Is based the gal princsples th.
- Foimess. integrity. value arKI aqualty of OFP)rtunty
- sLport fOrb and career devek)pmnt
- Training. mentoring and coathing
- A team culbJr8 of openness, trust and stspwt combinad wilh indNiduo1 responsbdty and measurab
perfonnance
- Lgadwship and managen*nl effectivwess
Page 14
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
IA ¢Mipany Ilmit by guaranto01
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- Effectivè communication
JI stsff have agreed b desL¥iptions. 'smarY OblVe$ 8nd rnyular re4ry6ws. There are shared and understood
company Vall5. ]eCtiVeS and w[95.
A reward and rocogniknon sutrmIlle8 of the ih)aTd rrts timce a to approve remuneration and reward
arrangements. Meetings are chair&J by the chaimian or ha1n8n. wilh at least two other directo pres8nt.
During the year. the committee awarded ex-gratia payments Io some staff for their oulstsnding pèrformance and
on-going commitment during the pwldemic.
S•f•guoTdlng and whlsdoblowlng
The charlty has safeguarding and whistlgbbvmg rAaee vthith refloct the swvlcas it prowdes and the
people it supports and employs. The charity tskes it5 reSnsIbIlitIeS in these areas extremely Seriously and
rgqLtires joumalism eduOn and tratning centres to have their own effective polieS and procedures in placè.
Policies 8re rewewed in line changes or guKlanc* from cr regulators and other relevant bod$
includlng th6 Charitie5 Commission.
Oryanls•U¢)nal slructuro and d•clslon maklng
The directors have the uttimate resFKJrtsiblty for nJnniNJ the (*arity and exercising all the powets of thè council.
and. in particular. lor ts IYCY, ffinances, st18tegy arKI accountability. Operations are delegalad to the chiof
executive. who is appointed by, arKI rekM)rls to. the board. and her management team. StakeholdOTS are invotved
Ihrough focus groups of [loTS and trainers. aoyedttaim forums arKI seThnar$. the Joumalism Skllls
Conference and the Sludènl Council.
The charitys professional awanjing organi5ation lunction. incFLuling apprenticeship end-point assessm8nts. is
reniS0(1 in England by Ofqual. the Office of the Qualffications and Examinations Ragulator. In NoTihem
Ireland the regulator i8 the Council fly th& Currulum, Examm and Assessment, and Wales it is
Quallficatlons Wale5.
The directors provmae extemd guhjance. advice overSit for NCTJ staff and 8xaminers pi reLgtion to the
charitys activi1Ses as an awdrding onJanisation. Their purpose is to ensure the maintenance of tha credibility and
relevance of NCTJ qualifications and awards. The directors oversge the annual setf-evahjation process frIT
monitoring complwnce with the regtOrS, cOnd[tK of recwnitw)n and submit annual statements of
complianc8. The ioumaltsm qualifationS Eoard reFK)Ns to the board of directors to provtde exiemal guidan.
advi(* and oversight of NCTJ slabUSes, examinations and awards. The chaimian of the quality assuran and
standards committee is the independent arbiter of NCTJ awards and tha committee oversèes the work of the
principal oxaminer chief examiner5. The committee publishes its annual ret in D9¢emb8r. Th8re 18 an
independent bJSMan. Slr Clive Jones. to rule on final stsge appeals.
The ac¢reditsli¢)n board d8velops and impkn)ents the industy slandard for a¢creitIng prwnty ioumalism
training courses. It plays an important Tole in monitoring centr8s and managing risk.
The Joumalism DiveT5ity Fund is managed by an ts)41tt app)inted by the Llirectors. membe of tho
committee clude represgntstives from Companies Ihat mak8 finan81 fX)ntributions for the awarding of
bursarios.
To manage pthtial confiicts of interest, the C(ffimunty Proigct overseen by a sub-commrttee of the
DuriNJ the year, the diractors daudad to eslablish a fomial financé and al11 sub-committae of the NCTJ board.
This is to ensure sufficient time and expertise is dedKated to scrutiny and oversight of thè accounts. 11 reflects
pa15
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
IA ¢¢ynp•ny Ilmlt•d by gu•r•nt••)
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
the growth of the NCTJ in rexent >Yars. the increasing comploxity of its finances, tho management of larger-
scale projects. and Fdans and the potential for further growth. The Iwstees recognise rt Is ts1 to Yuture proor th8
charitys long4emi financial security and to ensure effective rtsk management and finan¢ial controls and
procedures are In place.
NCTJ has agreed teffl of reference for directors and are rev10vd annualty to ensure good govwnance
and best pradica. Th8se cover tha organisation's purrKJs8 and strut*Jra, ffjsponsibililies. membership of the
board. meetings and detision-mthng proto(xA.
NCTJ'S patron. Alex Cravrford. assists the charity in thg athigvomont of its mission and obtiveS. The patron is
tho person most embc4lies th8 values of ioumalism that ioumalists respect and adhe to. In her role as
patron. AX is grving tslks, running workshops. wilbng arttcles. helping with fundraising 8vants and doing 8118h8
can to hwJhlighl the smportan¢e of profeSsicKl prna$M and to promote the NCTJ'S values.
NCTJ usas the Charity Gov8manc8 Crmle suppcKt its ¢ommilment to o)ntinuoug improvement. The dirgctors
recognise Ihat as a charity that is grcwing and changing, NCTJ needs to regUrIY review its perfomiancg and
practice. This ensures the ¢)rganisation has a clear purpose, strategic leadefship, integrity, sound decision-
maknng. risk and control. board effectiveness. divorgty. and opennoss and accountability.
Rolated rtY rol•tlonshlps
The trading tithe5 of the group are carried ¢yJt by NCTJ Training Limited. 8 WhOltyle subsidiary. NCTJ
Training Limiied. prOdIng it has suffi¢bent reseNes. has undwtaken to pass au Ils taxablo profits to the holding
company und8r deed of covenant
The Iruslees have noted and applied thè Chaiity Commisshjn's guidance for chaTilies wtth close lknk8 wlth non-
charitable organisaticS. induding oWnhiP of trading subsidiaries. The NCTJ'S relationship wtth NCTJ Training
Ltd is considwed to ba cnjctal in helpiNJ the charity deliver its Charitab purpose for the public b&nefft. The
ch8rlty conlmls h(w NCTJ Tralning Ltd spends funds and uses resources. The trusle8s understand the purpose
of its trading comp8ny and they ensuré the connect*)n is aw in the best intsrests. The trading
company musl uphold the reputatton of the dHrity and thore must t* prwate benefft from the Company for
those conn8Ct8d wth the charity.
The eharity is weduded by its mèmorandum arKI arlides of assc#iatb)n from the payment of dl¥Klends.
P•opl• wlth slgnIfl1* control
The dlrectots have considered the rules concerning Fwpte Mryih signnlcant contrd {PSC). They have conduded
there is no PSC: all the trustees are responsibl8 ccAlti¥&ty and no single individual has a controlling interest.
Rl¥k manag•m•nt
The directots have assessed the majcf rkS to whth the group Ès exposed, in p8rticul8r. those related to the
OP8rations and financ8s of the tharity and its lrnding stjbsidiary. and compliance the regUlatC$. conditK)ns
of rec(*jnin for awarding organisallons.
The importance of effectwp risk management operates at aN lgmpls of the rxganisation. The directors are
r95ponsitA& for managing risk at a stratsgic levd and monitr* risk on a quarterfy basis. The chief executive and
management team have primary responsibilty for managing risk at an op8rational level and building a risk
awareness Cultu within thè ¢xganisation. IndTriiduals and teams arg responsib for idenn9 and managing
risk on a dalaY basis.
The rtsk anaws Is undertaken in rm areas under the fdl(Ming cat8gori8s:
P8ge 16
NAnoNAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
(A compary Ilmlt•d by guar•nts•)
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDEO 30 JUNE 2021
. Strat•gl¢- these COfKem the ITM strategic oty8ctives of NCTJ.
- Oyratlonal- these concem the dat(daY i4ues that may VthI d8vering seNces and products.
- Flnanclal - th8S8 ccmcem the 8ffecthe fflant and c(mtrd of NCTJ'S financ*s.
- Knowledg• -
and intellectual property.
Compllance
these concem issu suth as health and safety, data protection. regulatory issuos or
environmental issues.
The key risks identifie(18n¢J monitored by thè ganIsa1)n during the ypar rdate to..
- Impact of COV1[19. changes io the activiljes and operatK>ns of the chaTtty.' the economic and slructs&ral
challenges to the medk? industy, the Unrtain85 in th& eduralion and training MaetpLace. and raputational
damage caused by the actions of the charivs regulatovls). Actions tsken lo mitigate the impact of COVID-19 ar&
deScrid above.
- Sufflcl8nt sklll•d staff and managament to dollver obJ•¢tlves: this has a potential impact on productivhy
and the ability to delNer seNces. Alxions taken to mFbgale this hava b8en the continued employment of staff to
manage the Community New5 Proiect. the apIntment crf staff and the allctation of extra resources to cover Ihg
increase in the work on equalty. divgrsty and inclusion. the launth of the Joumalism Skills Academy,
extra resources for the exams adminislration team during the pandemic and the IntrJu1 of new exams
systems, and su(%ession planning. tralning. develownent and MUlskIN1n9 of staff.
- Adherence to operatlonal procedurns and mg•llng quallty assuTance leve15 and standard$.
Actions taken to mrttgate these involve stsff trainvig and LX)mmuni¢atFon of policies and procgtsvres through
meetings and communications with key st8keholdeTS and the use of ext8mal i¥msultants.
- IT. potèntlally Impactlng on pnxluGtMty and d1Vory of StrcrfKJ ntingn m&asures are in
place to minimise any impact. with fvll dats bad(-up in multiple offsite k)c4ttons.
The directors are satlsfia that $emS and ¥edureS are in yace to mitsgate the8e risks.
CHARABLE CONTRIBUTIONS
NCTJ Training Llmlted made 8 profft of £170.274 bef( tax (2020.. £36,498),. durlng the year NCTJ Training
Limited made a charitable donation irf £163.25212020.. £29,556) under deed of covenant lo its holding cnmpany.
Nati¢)nal CoLFncil for the Training of Joumalists.
DIRECTORV RESPONSIBILMES sfATEMEP
The diredoTS (who are also directors of NatM)nal Council for tho Training of Joumafists forthe purKK)ses of
company law} are reSponsie for prewing the direc*15, rem and the finan(ial sl8lernents in accordance wlh
applicable law and United Kingdom Accourkting Slandards (United Kingth)m Generalty Acceptod ACnting
Pr8cttcè).
Company law reqvires the directors to prepare financial statonwnts eath fin8nci81 ar. Under cK>mpany law
the directors must not ap[0Ve the financial statem8nts LEnEess they are satlsfied that they give a true and fair
view of the state of affair5 of the tharitable o)mpany and the group and of the income and expenditure of the
charitable group for that poriod. In PfgP8ring these fin8n¢ial statements. the directors 8re r8qulred to:
' select suitable alxounting arKI IhM apptythem tn$tenty.
Page 17
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
(A company Ilmited by guaran1
DIRECTORS. REPORT {CONTINUED}
FOR THE YEAR ENDED 30 JUNE 2021
• observe the melhcmls and princples in th8 Charthas SORP..
' make jUdgntS and accounting eslimales thal are reasonable and pnwjent..
• stste whether appliCatre UK Accounting Standards have been folk)vd. SU.1 lo ary material
departures disclosed and explauied in the finanaal statements:
' prepare the financial stalements on the going concem basis unbss rt is inappropriate to presume that
the charitable group will corrtinue in operatKJn.
The directo are responsible for keeping leqL5ate accounting reCoS that are suffirjent to show and explain
the charitable company and the group's transtnS and dL8close wsth reasonable accuracy at any lime the
financial position of the charitable group and enable them lo ensure that the finala1 ststements comply wtth the
Companies Act 2006. They are also responsible for safegtjardtng the assets of the charitable eompany and the
gr(yJp and hence for tsking reasonable steps for tt)e prevention and det&tion of fraud and other irregularities.
The directors are responsible for the maintenance and inlegrty of the corporate and financkal informab.on
induded on the charitaWe groLtp's website. Legislati¢)n in the unit Kingdom goveming the preparation and
dissemination of finarKial slalements may differ frcm *isIaln in crtherjurisdictions.
DISCLOSURE OF INFORMATION TO AUDITOR
So far as each of the directors is wware at the report is approved..
. there is no revant audit infomatpm ofwhith the eompany and the group's auditors aTe unaware. and
• the directors have taken all steps that they ought to have taken tr) make themselves aware of any
relewant audit infoTm*ion and to establish th* the aJIN5 are aware of that infomwtion.
Approved by order of the members ofthe board of Dir)r5 arKI signed on their behaw by.
Klm Fletcher
(Chair of Trustees)
Page 18
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
(A company lknltod by 9uaran*••)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NATIONAL COUNCIL FOR THE TRAINING
OF JOURNAUSTS
Oplnlon
We have aLtsJÈted finarml sL*ments d Nalional Crwnol for the Trainiry ol Joumalists {th8 'parent
charitstAe companll and its subsidrarres Ilhe 'group'l for the year ended 30 June 2021 1¢h compris6 the
Consolidated stal8m8nt of fmancial acbwbes. the Ixnsolwjabd balance sheeL the ch8rity balance sheel. the
consolhlated ststem8nt of cash fk)ws and the related notes. induding a summary of stgnthcant a¢nting
liues. The finanual reporting Irdmework that has been applied in thwr preparation is applicabl8 law and United
Kid0M Accounting StarKlards, induding Financial R8tN)rtiry Stw¢dard 102 Yhe Finanual Reporting Stsndard
app11cae in the UK Republic of Ireland. {Uniled Kir¥jd Generalty Awited Accounting Practical.
In our opInn the financial slatennts.
give a true and fair view of the state of th8 Gw's and of lh8 paronl chari18ble ccXnpan3 affairs as at 30
June 2021 and of the Group's inming Tesources and application of r&sources. Hiduding its income and
8XP8nditura for the ye8r then ended..
have been properfy prepared in ac(x)thrKe ¥rilh Unl Kingdom Generaly Accepted AuntIng
PfactiC8.' and
have l)een prepared in rdan with the requirerr• of tho Companies Ad 2006 and the Ch8ritles
Act2011.
Basls for oplnlon
We conducted our audit in acrAYdan wilh lnIemati1 Standards on Auditing (UK) (ISAS IUKII and applicable
law. OUT responsi11111es under those standards are further described in the Audttors, fesponsibilitios for th8 audit
of the financlal statements section of our reporL We afg indwdent of the Group in accordance the ethical
requirements that are relevant to cHJr audit of the finanaal statements in the United KinOrn. including the
Financial RepOrtg Councifs EthKal Stand8rd. arKI we have fulfilE8d our (thr elh6c81 responsibilitios in
aCrdanCe with th8s8 requirements. We beliève that the audit ovidence we hav& obtsined is SL*fficient and
appfopriata to provide a basbs for our Opin•.
Concluslons relatlng to golng Mn¢•rn
In auditrng the financial slatsments. have conduded that th8 Directorn, use of the going ncern basss of
accounting in th6 preparat of ltr financqal slatem8nts is approwats.
Based on t wcffk have porf0Md. have not iden11 any mater1 UnrtaInlieS retating to events or
conditions thal. indmdualty or (x4le¢tively. may t2st slgnrfanI doubt on the Group's or the parent ¢harilable
companYs 8b51ty lo ¢ontinu8 as 8 going ts)ncem for a of at least Iwelv6 months from whgn tho fin8naal
statsments are authorised for issue.
Our responsibilitigs and the responsibilitses of the DireCtS *ilh Tesped lo gc4ng concem are describod in Ihg
r0Vant S8ctions ofthis repl.
Page 19
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
IA cornp•ny lknlt•d by guarant••)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NATIONAL COUNCIL FOR ThE TRAINING
OF JOURPIALISTS {CONTINUED)
Olhèr Inlormatlon
Thè other infomwtion comptises the inf0mlI¢m in(*Jtsd in the annual rep other than the financial statemènts
and our auditors, report thefeon. The Directors are responsible for the other information ccmtsinad wthin the
annual report. Our OPinKffi on the financial st*emgnts (logs not Ver Ihe other infoThnation and. exP1 lo the
extent otherwise explicitly stated in our T8por( we do not express anyfom of assurance condu5ion thereon. Our
Tesponsibilty is to read the other inf0MtiOn and. in dow so. ccrtsider whether the other infomiation is
materialty inconsistent wilh thg financial ststemènts or our kntr* obiaingd in the course of the audiL or
othemse appears to materially misstated. If *Jentify such mat8lTal inconsistenciès or appaTent matgrial
misstatements. we are required to detemiine vthether gives rise to 8 material misstatement in the financi81
statements themsolvos. If. based on the work have performed. we condude that there is a material
misslatam8nt of this other informatK)n, are required to rewt that fact.
We have nothing to rèwt in this reg*d.
Oplnlon on oth•r matt•rs pr•scrlb•d by th• Comp•nl•• Act 2006
In our opinion. based on the undertaken in the *xurne ofthè aLKIIt
tho information givgn in the Dtrectots, r8w)rt for the fnanLyal yaar for the finanual stslom6nts are
prepared is consistent with the financial ststements.
the Directors. report has boen prepared in 8c¢x)rtho with appfic4tAe legal reqUiremts.
Mattors on whlch TW• are r•qulr•d to r•port by •xcWlon
In the light of our kr and understanding of th8 charitsbte (xjmpany and its environmenl obtsIn in th&
)urse ol the audit we have not Mjentified matetial misstatements in the TectrI[s, report.
We have nothing to report in respect of the matters in Tdatw)n to whth Companies Act 2006 requires
tss lo report lo you rf. in (wjr opinwjn:
the parent tharttable company has not kepi adequate and suffioent acctsjnling records. or retums
adequate for our audit have not been receNed from branches not vis¢ted by us" or
the parènt tharitab company financial ststwments ar8 r#)t in agrèement kntyth the account records and
rèturns., or
certain disdosur8s of Dir8(arMs' rgmuneralKfft sp8U by law are not made." or
we have not recebved all the information and explanations we require for our audit" or
the Dwectors were not ontiuod to prepare the fmancial statements in accordanco with tho small comp8nl8s
regimg ond tske advantage of the small rJ)mp8ni8s' exemptions in preparing the Directo, report and
from thg Tequiremenl to prepare a Strategc report.
Pago 20
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
IA company lknlted by wrant••
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NATIONAL COUNCIL FOR THE TrAINING
OF JOURNAUSTS ICONTINUEDI
R•$ponslbllltl•s of trustsas
As 8xplain8d mor8 fulty in th8 directors. r8SkM)wbÉlibes slatemen( the Directorg Iwho are also the directors of
the tharitsble company for the pu$se$ of MpanY lawl are responsible lor th8 preparation of the finawal
statements and lor bn9 SatiSfd that they grve a true arKI fair vw. and for suth inlemal control as the
Diroctors detennine is necessary lo gnablo preparab¢)n of financial statgmonls that 8re free from material
misstatgmont, du8 to fr8ud or error.
In preparfng the finanoal statements. the DirnL*ots are resk*)nsit4e for assessing the Group's and the parent
charitable companls ability to continue as a gowy concern. disdosbng. as applicabl8, m8tters related to going
cijncem and using the gng conc*m basks of accounting unEess the DtOrS eitt)er intend to liquidate the
Group the pargnl thaiitablg company orlo cease (4)erations. have no wlistic altemative but lo do so.
Audllors. rn8pon•lbllltle* for th• audli of the flnandal slatements
Our objectives are to obtain reasonabb assurance about whethgr the fmanci81 ststements a5 a whole are flee
from malarial misstatement. whether due lo fraud or erny, and lo wue an audSlors' report that indudes our
opinion. ReasonaNe assurance is a high level of assurance, twt is not 8 guarantee that an audit conducted in
accordance ISAS {UKI wll a14V8ys detect a material misststement vthen it exists. Misstatemnts can arise
from fraud or error and are ujnsidered material rf. iThdw*Jualty or in the aggregat8. Ihey could r88sonably b6
8XP8Ctod to influertco th8 8conowic dOCiSK)ns of users 18ken on the bas of these finand81 statements.
Irregularitios. induding fraud, are instant of non[lan[ 7Mth laws and regulations. We design prowlurgs
in line vath our responsibilities, outlined above, lo det mateTk31 Mi55LeMents in f8SP8Ct of irregularttiOS,
induding Iraud. The extent to which our procedures are capable of detectiNJ irregularities. including fraud is
detailgd belw.
Our approach to Klentifying and assessing the risks of material mksstatement in respad of irT8wlarities, Ind1ng
fraud and norkcompliance w7th Laws and reguk1K$. was as folkM".
the engagement partner ensured th8t the eng8gement leam lleCtive had the appropriate compglgnce.
Ipabile5 and skills to identify or reojgnkse th)rK(PI1ance vmh applicabl8 laws and rogulations"
we idanlifiod tho laws and r8gulatÈons appli to th8 group through discJJssion$ Directors and other
management, and from our knowledge of charity and company law and experience..
we focused on Speci laws and regulaiws we considered may have a direct material effect on th8
finanaal stat8ments or th8 operatKJns of th8 charitsble company. includlng the Companies Act 2006,
Charities 2011. taxation ls1all and data w(rtectknn. anli-bribery and empknyment ls1OtiOn,.
we assess&J the ext8nt of complrance Vth laws arKI regula¢KmS thntif*d 8bove through maklng
onquirtfjs of management army inspectiny kgal correspoThlence:
tdentified laws arKI regulaly)ns V•*re communicated within the audil team rg3ulady aThJ the team remained
alert to instances d nonthC4Jmpliance thfoughoLrt tho abt.. and
we revwml the minutes of Directofs meetwy to thntify any refer8n(xs to non-Q)mpli8nces with laws
and regulations.
We assessed the SUptill of the group's financial statements to material mi8staterMnL induding obtain9
an understanding of how fraud might occur. by.
Pagp 21
NATIONAL COUNCIL FOR ThE TRAINING OF JOURNALISTS
(A company Ilmltod by guaTants•)
INDEPENDENT AVDrroRS' REPORT TO THE MEMBERS OF NATIONAL COUNCIL FOR THE TRAINING
OF JOURNALISTS ICONTINUED)
making erquiries of managwnenl as to where they u)nsidered there was SUSC8ptibilty to fraud, their
knry4vledge ofactyal, suspethd and alleged fraud: and
considering the intemal ntr[S in ace to mitsgata risks of fraud arnl non-compliance law5 and
regulations.
To address the risk of fraud thmugh managt bias and ovenido d c[015, w;
performed anatytil procedures to idenbfy any unusual or uneNpecbJ relationships..
tested ioumal entries to ienfy unusual transaca*Jns:
we eVdUat the aSsuMpn5 and judgements used by management wlthin significant accounUng
estimates and assessed whether these indited evidence of management bias.. and
perfomied audit wcrfk over the risk of management oveTrtd8 of controls, indudlng testing of ioumal 8ntri0s
and other adjustments for approprialen8SS. 8valuating tha business rationale of stgnificant transactions
outside the nomial course of twsiness end reviewing accounting estimates for bias.
In response to the risk of irregularitles and nonrycMWIare with laws aThJ regulati(5, we designed prwoduras
which induded, but were r1 limited to:
agreeing financial statement dthurns to und8rt>iNJ yJpwting documentthn;
readifWJ the minutes of meetings of those charg•J with 9Jv8ma,.
enquiring of ManagennI as to 8clu81 arnj Kential lrt•Jalh)n and daims; aThJ
reviewrMJ CAJrrespondence wth relevant regulators such as the Charity commklo.
Th8r8 ar8 inhwent limitalx)ns in our audit procedu desuibgj above. The more removed that laws and
regulations are from financ4al transactions. Ihe less likety it is that wo woukl becc#ne aware of nor*vcompliance.
Audi(ing standards also limit the audit wocedures required to identify non-compliance with laws and f8gulalion$
to enquiry of the Directys and other management and the InSpeL*'c of regulatory and legal corresponden. if
any.
Malarial misststements that arise due to fraud bg hardor to delocl than those that arise from 8rror as th8y
may invofve deliberate concedment or fJ)Uusion.
A further descrip of our responsibilities for the audrt of the financial statements located on the Financial
Reporting Councifs website aL" wNw.frc.
.Lsklaudi
sibilitsgs. Thls de5CptiOn forms part of our
auditors. reForL
Page 22
NATIONAL COUNCIL FOR THE TRAJNING OF JoURNlSTs
(A compgny ltsnmed by gu•rnnt•8)
INDEPENDENT AUDITORS. REPORTTO THE MEM8ERS OF NAMONAL COUNCIL FOR THE TRAINING
OF JOURNALISTS {CONTINUED)
Us• of our rnport
This rgport is made solety to the charitable ojmpansls members, os 8 boty. in attOrdan with Chapter 3 of Part
16 of the Companies Act 26. and to the charitaw companls trustees. as a bc*Jy. Part 4 of the Charltles
(Acwunts arKI Reports) Regulations 2008. audit work has been Ltndertaken so that we might Stats to th8
charitable compan$ members those matters we are required to slat8 to tham in an auditors, report and for no
o*h9r purpose. To the fulSt extent permitted by law. we do not accept or assume responsibility to anyon8 other
than Ihe Charitab company and hs members. as a tvjy. for our aLKlil work. for thi5 rewt, or for the opinions
we have formed.
BrethoTlck {senlor statutory audltor)
for and on bohaEf ol
P•t8rs Elworthy & Moor•
Chartered Accountants
Stslulory Audito
Salisbury Hous8
ststn Road
Cambridge
CB1 2LA
Dale=
8 Trlcrfe(VLbe(
Page 23
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
(A company Ilmlt•d by guarnntse)
CONSOLIDATED STATEMENT OF FINANCFAL ACTMTIES (INCORPORATING INCOME AND
&YPENDmlRE ACCOUNri
FOR THE YEAR ENDED 30 JUNE 2021
Unre8lrfct•d
funds
20X
Total
tunds
2D21
Total
funds
2020
funds
INCOME FROM:
Donations and legacies
Charit8ble 8ctiwbes
Investments
358.307
1J141.141
18.sfA
69.214
2,367.$04
2.n5.811
1.041.141
19,387
69.214
431.812
848,917
29,973
24.494
823
TOTAL INCOME
1,487,226
2.368J27
3.855.553
1.335,196
EXPENOITVRE ON:
Raising funds
Chafitab16 activitie5
20.817
1.300.967
20.817
1119,294
11,459
3.368.$84
118.327
TOTAL EXPENDITURE
1,321,784
118.327
3.140.111
3.380.043
NET INCOMEI(EXPENDmJRE)
BEFORE NET GAINS ON
INVESTMENTS
165,442
715.442
(2.044.847)
Not gains on inv•stThnts
NET INCOMEIIEXPENDITURE)
BEFORE TAXATION
13
226.928
25.727
392.370
942.370
(2.019.120)
11,8531
Taxation
NET INCOMEIIEXPENDITURP
AFTER TAXATION
Transfe between funds
391856
37.525
550.000
(37.5251
942,856
12.020.973)
17
NEf MOVEMENT IN FUNDS
430.381
512A75
942,856
12.020.973)
RECONCILIATION OF FUNI)S:
Total ftFnds brought loard
Not mov8m8nt in fvnds
1.885.336
430.381
1.m.789
511475
3,614.125
5,635,098
942.856 (2,020.973)
TOTAL FUNDS CPJiRIED FORWARD
2.315.717
1241.264
4.556,981
3.614,125
The ConsolNlated statement of financial athitses indudes all gan$ and kn590s rgc
123.018)
NET CURRENT ASSETS
3,1)65,812
2.345,951
TOTAL NET ASSErs
4.539.524
3,604,176
CHARITY FUNDS
Restncted funds
unstriCted funds
17
17
2.241.264
2,298.260
1,728.789
1,875,387
TOTAL FUNDS
4.539.524
3,604,176
The Charws nel MOV)ent in funds for the year vras £935,34812020- £(2,026.Cfi5)).
The DirectOTS acknchvledge their responsibilitie5 for ¢Ap1j with the requ1MeNtS of the Act with Tespe¢t to
accounting records anil pparatiOn of financial statements.
The financial sL*ements have been prepared in CO[dan with the provisions appIable lo entities subject lo
the small Companies regime.
The financial Statemts were approv&J arKI authtirised for issue by the Directors and swJned on their behaw by..
Mr K T Fletcher, Chalrm•n
,&p*- 1& 202 1
The notes on pages 28 to 56 fomi part ofth8se financial statements.
Page 26
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
(A ¢MinY Ilmfted by guarant•o1
CONSOLIDATED STATEMENT OF CH FLOWS
FOR THE YEAR ENDED 30 JUNE 2021
2021
2020
CASH FLOWS FROM OPERATING ACTivmES
Nel cash used in opeiating 8Ctlvili8S
19
787.544 12.055.249)
CASH FLOWS FROPA INVESTING ACTivmES
Dividgnds. intgrg$1s and rents fr VeStMents
Purchase of tangible fixed 8ssots
20.055
(38.396)
29.973
{2.615)
NET CASH (USED INVPROVIDED BY INVESTING ACTivmES
(18,3411
27.358
CHANGE IN CASH AND CASH EQUNALEPITS IN THE YEAR
769.203 (2,027.8911
2.349,679
4,377,570
Cash and cash equivalents at the beginnirwJ of the
CASH AND CASH EQUIVALENTS AT THE END OF THE YE*R
3.118.882
2.349.679
The notes on pages 28 to 56 fom part of thèse financial ststem
Page 27
NATIONAL COUNCIL FOR THE TRAINING OF JOURNSTs
IA company Ilmit by guarant••)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
ACCOUNTING PoLICs
1.1 Ba$ls of prwratlon of Ilnanclal statemts
The financial statements have been prepared in aLV)FdanL* the Charilias SORP {FRS 1021-
A¢untIng and Rewrtrng by Charitie5.' Stslement of Recommended Pradice applicable to charities
preparing their accL)unls in accordan Financtal Re[K)rt[r Standard applicable in the UK
and Republic of Ireland {FRS 102) {s9cl editKsn 2019). the Financial Reporting Standard
applicable in the UK an(1 ReputAÈc of Ireland {FRS 102) and the Compantes Act 2006.
NatK)nal CO1 for the TrduiirKJ of J(NJmafjsts mp8ts tho dofinilion of a publ bènefrt ent4ty under
FRS 102. Assets and Irdbilrti8s are iniliamy recTrJnised 81 hlstorical cost or transadion valLse unless
OtheiSe stated in the relgvanl accounl¥ig pol¢cy.
The consolidated ststement of finan¢ial athiknes {SOFA) and consolidated balance sheèt consolidate
the financAal statements of the Charity and its subsidiary urnlertakrng. The Ults of thg subsidiary
are consolidated on a line by ling basis.
The Charity has taken advanlage of the exempti allcrwed und8r $8CtK)n 408 of the Companiès Act
20C6 and has not presented its av*n stalenrtfinanCiaI 1VItIeS in th&8e finarla1 stat8m8nts.
No significant est¥nates re rrode by management in preparing thos& financial statements.
1.2 Golng c¢)n¢em
The DireGtrKs have prepared frasts to December 2022 and ccrtsMd8r8d th8 trading p8riod beyond
this. In li1 of the glob81 pandemic ocrjjrring in 2020 and throughout 2021, the Directors hav6 stre
tested forecasts. which Chty comparg drftering leveb of I}e being generaj by thffj Group
depending on wh8lh8r Courses are ab to be offered physically. online or p051poned.
Upon their revl8w, the Ire(lo bellevo that tho Group wdl have sufficient resources to meet ts
liabilit$ as they f811 due for the fi>reseeable future and thereth cntnUe to adopt a going concem
basis in prepariThJ th• financial slaterwits.
1.3 COMPANY STATUS
The charitsble company is a crthpany limiled by guarantee. The membars ar8 th8 Direct$ named
on pago 1. In the event of the chaiity vHyJnd up. the liabilty of ts guarentee 18 Ilmlled to £1 per
Memr.
Pagg 28
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
IA ¢ompny Umlted by grantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 30 JUNE 2021
ACCOUNTING POLICIES (CONTINUED)
1.4 Income
l ints)m is retsjgnised once the Chaiity has entiU8ment to the income. it is prcthble that tha
income b& r8C8iV8d al the wiwunt of Mieome rnceNable can bg mgasured rellabty.
The tumover in the trading subsidiary comprises revenue reccontsed in respect of training cours8S
and examination fees. Inc4Jme is recoJnised the exam or courne takes plaGg.
Inlerest on fvnds hekj on deposit is inchjded wh)en receivab and the amount can be measurg(1
reliality bylhe charity, this is normalty upon rKAifiration of the interest Paid or paydble by the Bank.
Incom8 tax recovwable in relat lo invesknent Income is roGognised al the Ilme the Investmènt
incoTh is rgcwvable.
Other Inu)m8 is reL%Wi5ed in the PelKxJ in wthi¢h it is receivable and to thè extent the gwds have
bean provided or on Complet)n of the seplice.
1.5 Expondlture
Expenditure is tecognised once ttwe is a legal or (x)nstnKtive oblybon to transfer onoMiC benefit
to a thiid paty. it is prnbaue th8t a transfer of econcffitc befts wll be required in setuemenl arKI
the amount of the obligation tan be measured reliabty.
ExperKlÉture on Taising funds indudes att expenditure incurred by the Group to rai58 funds for ils
tharitable purFx)s&s and indudes ¢ts of 811 fundraising actmties events and non-c*arTtable trading.
ExperHJiture on charitabte actNibes indudes exndIll1r8 assocrated *ith running the various
qualificaticS and include both the direct and support costs rdating lo these actmtigs.
Grants parab are charged in the year T*hen the offer is mad8 except in those cases vlhere the offer
Is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered suty'ed to ndit)n$ which ha rKrt been met at the year end noted as a
commitment, but not accrued as expenditure.
maeMent and admuiistratN costs indude central funclkx)s and support rsts and have been
allocated to expenditure catagms of the SOFA on a basi% designed to refflecl the us& of the
resource. which ¥) kYow)rtion to dir&t Lxists in(JJrred.
1.6 Taxatlon
Th& Charity is cMsMJered to pass the tests set out in Paragraph 1 Sthedu 6 of thè Financo A
2010 arHJ therefore rt meets the definibon of a charitable ¢x)mpany UK rOratiOn tax purposes.
Accordingty, the Charity is potgntialty exempt from taXan in respect of income or c8Pit81 gains
received within ca18gori8S )vered by Chapter 3 Part 11 of the coTatIon Tax Act 2010 or Section
256 of the Taxati of Chargeable Gains Act 1992. to the 8xlent that Such income or gains are
appld exdLtsivety to dMritable PUTposes.
Pag8 29
NATIONAL COUNCIL FOR THE TrAINING OF JOURNALISTS
IA comp•ny Ilmlted by guar•nt•e)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
ACCOUNTING POLICIES (COIMNUED)
1.7 Tanglbl• fix•d assèts and depr•cl*tlon
Tangible fixed assets are initially recognisgd ot (xxgL After Yewn6knon. underthe o)st mc4Jg1. tangible
fixed assets ar8 measured at )StleSS a(*umLtlated depTe(xation and any accumulated impairment
losses. All costs incurred to bring a tangibte fixe4J asset into its intended workSng conditK)n should be
Includ in the measurement of cost.
DepreuatK)n is charyed so as to alkNxts thB c05t of tangiblo fixed assets less their resKJual value
over their estimabj usthl lfvtt.
Dèprttiatbjn is provhled on the fOlknng basis:
Freehold propety
Fixtures arKI fftlings
VA stravJhl lu. Frgghold laMI Is f1 depreuated.
25% redu(ing b818nL% and >4 ar5 strawjhl ling.
1A Inv•$tm•nts
Fixed asset inveslments are a lorni of finaTl Instru and are Inliially recOgnd at their
transactson cost ar subsequentty mgasufed al fair value al the balarKe sheet date. unless the value
cannot b8 measured roliabty in whth case it is measured at cost less impalmnI. Inv8slmenl gains
and losses. whether realised or unrealised. are combined and prèsented as 'Gainsl(Losses) on
investments. in the nsIdated statement of ffinancial actNitios.
Investments in subsidiari8s ar8 valued at cosl18ss w0visn for impainnenl.
1.9 Stocks
Stocks are valu8d at thg k)w of cost aThl net mlisable vabje after making due allowance for
obsolete and slLYw-moving strxks. C05t In(aUd all direct costs and an appropriala proporuon of fixgd
and variable overt*ad$.
1.10 D8btors
Trade and other debtors are recogn15e(l al the setdgment amount after any trade discount off8r8d.
Piepayments aro valued al th8 amount pr8paKI net of any trade disLX)unts due.
1.11 Cash at bank and In h•nd
Cash at bank and in hand indud8s $h and short-tenn highly liquid investments a short maturity
of thrge months or less from the date of ac4uisrfx)n or opening of the deposit or similar account.
Pago 30
NATEONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
IA o)mp•ny Ilml¢ed by gu•rantsè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
ACCOUMTING POUCES (COPMNUED)
1.12 Llabllltl•s and provknlons
Lrat4lties arg reccgniwj vthen there is an at the ba18nce sheet date as a r8suIt of 8 past
even( il is pmbable that a trafter of economtc b&nefft will be rewired in settlement, and the amunl
ofthe sethement can be estimated feliabty.
Lialylbts are recognised at the amount that the Ch817ty antwates it wll pay lo settle the dabt or Iho
amount it has rfved as a(fvanwJ pafints for the goc#Js or SVI il must provKIe.
Prowsions are measured at the best estÉmate of tho amunts required lo settle the obli9ation. Wher
thg effect of the time value of money is material, thg prowsion is based on the present valu8 of thos&
amounts, dlscounted at the distnI rate that rdects the risks S1C to th& liability. The
unwinding of the disUnt is rewJnis&J in the cKMat8d statgmenl of fin8nfAal aVItIeS as a
nce cost.
1.13 Flnan¢lal Instruments
The Group onty has financia5 assets and fmancid liablitigs of a nd that qualrfy as basic financial
inslTum8nts. Basic financial instruments are inibdly recc*Jntsed at tranSactIc value and subsequendy
measured at thei settlemenl value wilh the exceptL)n of bank klans which or8 subsequently
Mured at amc¥tised C•)St using thè èffective interest Fnethc.
1.14 P•nslons
The Group operates a Lx)ntslttb)n pens scheme and the pgnsion Char represents th&
amounts payable by the Group to the fijnd in rgspg¢t of thg r.
1.15 Fund a¢¢ounllng
General fuTrJs are urbvestrl funds ar8 avaiL4bl& for us8 at Ih8 d1S¢rekn of thè Directcrt irb
fvrtherance of the geral o14ecbves of the Gro and vthich have not been designated for olhar
ptsrposes.
Designated fvnds c4Jmpris@ unrestricted fUrS thal have be8n sel asxle by the Directots for partÈuJlar
purposos. The aim and us& of each designated fund h8 set out in the notes to the financial
ststaments.
Reslrict8d funds ar8 furKls which are to be in a([dan($ Spe re5triction$ imposed by
d0T5 or which have been raised by the Group for p8rticular purposes. The costs of raising and
administering such funds are tharged against the sr*cific fund. The awn and use of each resthcted
fund 15 set out in the notes to th8 financtal statements.
Page 31
NATIONAL COUNCIL FOR THE TRAINING OF JOuRNlSTs
(A ¢¢ympany Ilffllted by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
INCOME FROM DONATIONS
Total
fvnds
2021
Total
funds
2020
funds
2021
funds
2021
SponSoh1pIDr¥eity fund
Communty N8ws Proj8d
In lfjnd income
51x1,331
1,859,273
7.0
500.331
2.187.380
38.100
374.907
328,107
30,2C
50.905
358.307
2.367.504
2.725.811
431.812
Total 2020
30,465
401.347
431.812
Inckjded within don8nS are in kind amountirwj to £38.100 {2020.. £56.9051. Of this amount,
£27.5 {2020: £21,715) relates to C0rrferenS and events and £2.700 {2020: £8.500) is relation lo
a¢crrtatIon$. The remaining £7. (2020: £26.6901 Telates to inlervws and mgetings.
INCOME FROM CHARITABLE ACTIVTnES
Vnrnstrfcted
nds
2021
Total
funds
2021
Total
funds
2020
Stratsgic partners
Registrations
Short courses
NQJ
Dlploma In Jtyjmdism {Prelim)
Distance leaming and publicalions
A¢¢rgdilations
Events
Apprenticeships
Conf8renG8S
Royalbes
Qualifications development
58,000
4949
113.836
30.266
523.90D
199.682
58,000
6.364
115.549
33.813
345,288
171.198
34.714
4,949
113,836
523.9)0
199.682
34,433
ill
8.250
59.235
8.250
59.235
5,620
62.315
13.308
2.748
2.265
6.325
2.265
6,325
1,041.141
1,041,141
848,917
Total 2020
848.917
848,917
Page 32
NATIONAL COUNCIL FOR THE TrAINING OF JOURNAUSTS
IA ¢omp•ny Umlted by guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
INVESTMENT INCOME
Total
funds
2021
Total
funds
2020
funds
2021
funds
2021
Investment Irme
Bank inlerest
18.342
18,342
18,051
11,922
18,564
823
19.387
29.973
Total 2020
20.007
29,973
OTHER INCOIAING RESOURCES
Unrnstrlct•d
funds
2021
Total
funds
2021
Totsl
fijnds
2020
Sponsorship income
Postage and packing Ir0
67,480
1.734
67.480
1.734
22.928
69.214
69.214
24,494
Tatal 2020
24.494
24.494
Page 33
NATIONAL COUNCIL FOR THE TRAJNING OF JOURNAUSTS
(A cOMnY Ilmlt•d by guarant••l
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 30 JUNE 2021
EXPENDITURE ON RAISING FUNDS
Costs of ralslng voluntary Income
Unr•slrtct
funds
2021
Total
funds
2020
funds
2021
Investrnent m8nagem8nt fee
Publictty adVerSng
7,988
12.829
7.988
12,829
6.984
4,475
20.817
20.817
11.459
Tot812020
11.459
11.459
ANALYSIS OF EXPENDrruRE BY ACTMrtES
Grant
Actlvltles fundlng of
und•rtak•n
actl¥ltlos
dlrectly
(note 8
2021
2021
Support
costs
2021
Total
lunds
2021
funds
2020
Conferences 8nd tYJurse8
Costs 0fm8
Publicatrthn costs
Swfflsorshipldiver*tyfund
CommunEty News ProAect
124.835
215.227
23,687
227.718
490.388
53.969
14.788
25.977
352,553
705.615
77.656
413.097
1.570.373
337.855
581.531
62.175
327,378
2,059,645
389.873
1.404.480
139.916
512,101
1.794,353
812.840
3.119,294
3,368,584
Total 2020
471.989
2.183.760
712.835
3,368,584
Pagè 34
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
(A nPary Ilmited by gu•rants•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
ANALYSIS OF EXPENDITURE BY ACTivmES (COPffiNVED
Expenditure on charitsb aclivilw altrilxrtabte to restricled funds amcwnted to £1.818,327 {2020..
£2,233.6401.
Dir8Ct costs include gifts in kind of £38.100 (2020: £56.655) of whKh £27,500 (2020: £21,715) is included
within conferences and events, £2.7(KJ12020: £8.500) wihin accredilations aThJ £7.90012020'. £26,440)
within 'Sponsofslwpl DNersiW. l&ft in kind ¢xssts indwJ8tJ in supwjrt costs amount to £nil (2020.. £250).
Suppjrt costs indude £12.880 {2020 - £13.9591 vthich r8lates to gov8mBnc8 Costs. Dife¢ty attributst48
support costs have been allocated lo the C(Mnmunity News Projects fund. the remaining support and
govemance costs have be8n 81kyxtsd based on th8 PfOW)rbon ofdire(* costs to 88ch activity.
Page 35
IlÉ-
oco
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
(A company Ilmltod by gu•rnnts•}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
ANALYSIS OF GRANTS
Grants to
Oryanls•tloBurnarles to
Individuals
2021
Total
fund$
2021
Total
fund8
2020
2021
Bursari8S to indivbluals
Grants to organisations
389.873
389.873
1,404.480
278.248
1,905,512
1.404.480
1,404.480
389.873
1,794,353
2,183,760
Total 2020
1.g)5.512
278,248
2.183.760
During the r69 (2020: 45) bursaries **re trard to iThJNtdual$.
The Group has made the fdkxing material grants to durtw the ar.
2021
2020
Ar¢hanl
Bamsley Chronide
Baylis Media Ltd
JPIMedia
KM Media Group Ltd
MNA
Newbury Newy & Media Ltd
Newsquest
Rgach
109,029
15.060
26.700
20.697
28.246
300.940 436.633
39.996
35,447
50,342
65,798
20.697
28,210
Ji
376,176
520,990
488,672
686,777
1.404,480
1,905,512
Page 38
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
IA ¢ornpany Ilmlt•d by guaraDts•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEARENDED 30 JUNE 2021
AUDITORS, REMUNERATION
2021
2020
Fges payable to Ihe Charitys aJIty for the audit of the Chaiivs annual
accounts
12,955
12,570
payaNe to the Charitys 8L5ditor in resp8c* of:
All non4udit services rrt induded abjve
1.200
1.186
10. TAXATION
Unrestrlcled
funds
2021
Total
funds
2021
Total
frJnds
2020
COraOn L7x payable by tradwu substdiary
{4861
{486)
1.853
TOTAL 2020
1.853
1.853
11. STAFF COSTS
Group
2021
Group
2020
Charlty
2021
Charty
2020
Wages and salarÉ8S
Soryal secuitty costs
Contribution to defined nSIon
schemes
610.841
67.094
585.063
42.383
299,39Y
35.738
293.653
17.532
35.843
27.646
21.432
13.712
713.TT8
655.092
35Q567
324,897
Durlng the year. stsff reVed ex%ratia payThents totalling £4.0(Kl. The Trustaes have made these
payments to rewdrd slaff 8x(¥ptK)nal p8rfomwce.
Tha average number of persons enwkjytd by thè Charity during Ihe year was as follo..
Group
2021
Group
2020
No.
Ch•r
2021
No.
Chaiity
2020
No.
Management and adminthtw)n
14
13
Pag8 39
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
IA company 11m1t by gu•rant•el
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
11. STAFF COSTS (CONTINUED}
The number of emptosws whose omrlwe bgneffts (excluding emplOr pen8i¢M costs) eXde(l
£60.000 was".
Group
2021
No.
Group
2020
No.
In the band £,001- £1),1x7o
In the b8nd £120.001- £130.000
Th8 key management personnol of tho chaEity comwise the Directots, chief exetyJbve offiw. head of
f#)anc8 & IT. head of qualffication devek)pment. twd of partnerships & projects 8nd h8ad of quality &
assessment. Total emrAoyment benefits irling emffi penSn contiibutions of key man8gpmeTrt
pewnnel were £402.182 (2020: £392.4761.
During the year. no Directors of the Charity recaved any rerNneratic or beneffts in kind12020: £NII}.
During the year, the Charity paKI reimbuTS8d trav81lng and subsi8tenf* expenses to no12020:
31 Directors (2020.. £867).
12. TANGIBLE FIXED ASSETS
Group
Assets
Fr••hold Flxtures and
under
property
frttlngs ¢on$tructlon
Tolal
Cost or valuatlon
Al 1 July 2020
Additions
Dlsposals
508.745
189.274
12,246
{1.807)
698,019
38.396
11.8071
26.1SO
At 30 June 2021
508.745
199.713
26,150
734.608
Dtprn¢latlon
At 1 July 2020
Charg& for tha y88r
On di8posal8
120.025
8.575
176.543
9,113
(1,807}
296,5fj8
17.688
11.80n
At 30 June 2021
128.600
183.849
311449
Page 40
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
{A company Ilmlt•d by guaTante•}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
11 TANGIBLE RXED &ETS IcopifiNUED)
Group (C014TINUED)
Assets
und•r
prop•rty Ilttlngs canstrucllon
Total
Net book valu•
AI 30 Jun8 2021
380,145
15.864
26.150
422.159
At 30 June 2020
388.720
12,731
401,451
Charlty
Freehold Flxtures and
propwty
fittlng5
Totsl
Cost or valuatlon
At 1 July 2020
508.74S
50.900
,645
At 30 Jung 2021
5(A.745
50,900
559.645
Deprèclatlon
At 1 JLtly 2020
Charge for the
120.025
8.515
48.034
2.866
168.059
At 30 Junè 2021
128.600
$0.900
179,500
Not book valuo
At 30 June 2021
380.145
380,145
At 30 June 2020
388.720
2.866
391,586
Indudgd Within fre8h(Ad propety i8 freehotd land * a cost of £80.000 (2020: £80.000) which is not
deprec48ted.
Page41
NATIONAL COUNCIL FOR THE TRAJNING OF JOURN*LISTS
(A company Ilmited by guarante•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
13. FIXED ASSET INVESTMEKrs
Usted
Inv•stm•nts
Group
Cosl or valuatlon
At 1 JLty2020
AddOnS
866.638
216,577
1189.6671
200.018
Disposals Iproc*eds £216.577)
Revaluat$
AT 30 JUNE 2021
1,093.566
N•t book value
AT30 JUNE 2021
1.093.566
At 30 June 2020
866.638
All Invostments are Caled at their fair Ydlu8. Inv&str1 in •]uities and fixed interest $9CUlitios are all
traded in quoted publ markets, primarity in the London Stock Exchange. Holdings in common
investmont funds. unri trusts and op8n•ded investment companies are al the bid prfce. The basis of fair
value for quoted investments FS equNalent to thg market value, using the bid pric8. Asset sales and
purchases are recognised al the date of tradè at Ixjst (that is their transaction value).
The Charity is operating an investment 1¢Y that prov*J85 for a degree of diversffication of holdings with
drfferent CoMnn investment funds. The charity has a reasonably largè frxed interest section 112%) to
provide a levd of income on a r8gur bas, atthwgh i8 not ldnt upon lo und&rtake its normal
a¢bvities. The remainder is invested in equiiies spread ac¥oss the" UK {27%)" Europe I4%}" North
Arnerica (7%)", the Far East and Australasia {S%): and other iniemational markets {45%). This helps to
mitigate the impact of sign[ant movements in gxchangè rates and ktaIL8 economic issues afferAing
the value ofthe [[10.
The charity do8s not make use of derivallves and similar corrplgx financlal instruments as it tak8s tha
view thal investrnents arn held for their longer term growth and annual oicnme.
The charity has no Materi inveskn8nt hoklw in markets subject to exchange Contro or trading
restrictions.
P8 42
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
IA ¢ompary Hmlted by guarant•o1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
13. FIXED A8SEf INVESTME1s (CONTINUED)
Invollments
In
subsldlary
Llstod
companles Invèstments
Total
Char
Cost or valu•tlon
At 1 Juty 2020
Additsc5
Disposals
Revaluations
866.638
216.577
1189.6671
200.018
866,639
216.577
{189.667)
200,018
AT 30 JUNE 2021
1.093.566
1.093.567
Net book valu•
AT 30 JUNE 2021
1.093.566
1,093,567
At30 June 2020
866.638
866.639
PRJNCIPAL SUBSIDIARIES
The followng was a subs¥Jkiry undwtsking th8 Charity.
Nama
Company
number
RèglJtered offt¢• or prfndpttl Prlnclpal actlvlty
plx• of bu$ln•ss
NCTJ Trdining Llmitsd
The provb5ion and
SUP8rvision of
pumalism-relaled
Iraining.
Newp)rt SaffTon Walden,
Essex, CBI 1 3PL
Class ol
sharns
Holdlng
Indud•d In
consolldallon
Ordinary
1(X)% Yes
Pag8 43
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
(A ¢ompany limlt•d by guaraThta•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
13. FIXED ASSEf INVESTIIEKrs IcoiinNUED)
The financial results of the subsidi8ryfortho ar *ere.'
Nam•
In¢om• Eyndlture Pnrfltl(Los$) Not assets
I Surplu81
IDgfi¢ft) for
th• year
NCTJ Training Limf(8d
1.0.144
(91&069)
173.075
17.457
1& STOCKS
Group
2021
Group
2020
Finished good5 and goods for resal&
7.592
6.228
15. DEBTORS
Group
2021
Group
2020
Char
2021
Charity
2020
Du• wlthln on• year
Trade debto
Amounts owed by gri)up underlthrwJs
Oihgr d&btors
Prepayments and acc*ued in(*me
280.033
169224
158.51JO
185.502
4.856
29.150
38,0
28,363
4.479
31.250
4.856
4.479
40.302
314.829
214.5
358.008
102,092
Pagg 44
NATIONAL COUNCIL FOR THE TRAINING OF JOURNAUSTS
IA company Ilmlt•d by guarantao)
MOTES TO THE FINANCIAL STATEMEwf8
FOR THE YEAR ENDED 30 JUNE 2021
1& CREDITORS: AMouKfs FALUNG DUE WIThIN ONE YEAR
Group
2021
Group
2020
Charlty
2021
Charity
2020
Trade creditoTS
CoTporatÈon tax
Other taxation and so(aal serity
Other creditors
21.573
1,853
102.801
5.036
92,613
1,200
10.154
1.604
78.814
13,166
1,538
7,114
400.047
223.876
90,572
23,018
Income ss receNed in advance of NQJ and Dipk¥na in Joumalism (Prelims) exams. Th9$0 amwnts are
deferr to recogni8éd whon the course ey2m takes plw.
Group
2021
Group
2020
DEFERRED INCOME
Deferred in¢om8 at 1 JY 2020
Resources deferred during the ye8r
Amounts reteasad from preVS peric*Js
58.481
128.921
(58.481)
38,620
58,481
(38.6201
128,921
58,481
Pw45
Irè 17> p
rL>
¢0 o
f+4
¢00
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
(A comparry lunlt•d by gra9?
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
PARENT STATEMEHf OF FUNDS. CURRENT YEAR
Balance at
30 Junè
2021
8alanc• at
l Juty 2020 Inwbm• Exwdltur•
Transf•rs
Irdout
Galn
(10s8es}
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
Propety fund
Communty Nthys
Project
388.719
(8,574)
380.145
340.622
328.239
(201.168)
131.141)
436,552
729.341
328.239
(209.742)
131.141)
816.697
GENERAL
FUNDS
Income fijnd
Capttsl fund
279,403
331.381
<291.4581
387,992
866.643
226.928
1.093,571
1.146,046
331.381
(291.4581
68,666
226.928
1.481.563
TOTAL
UNRESTRICTE
D FUNDS
1.875.387
659.620
(501.200)
37,525
226.928
2.298.260
RESTRICTED
FUNDS
Drv8rsty fund
Gannett
FoundatK)n
219.896
$08.282
(413.0971
{37.525)
277.556
1.250
17501
500
Community News
Proiect
1.507,643 1,860.Cb15
(1,404,480>
1.963.208
1.n8.789 2.368.327
{1.818.327)
137,5251
2,241,264
TOTAL OF
FUNDS
3.eAM.176 3.1)27.947
{2.319.527)
226.928
4.539,524
Paga 51
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALFSTS
(A company lknlted by guarant••
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
PARENT STATEMENT OF FUNDS . PRIOR YE*R
Bal•n at
30 June
2020
Balanc• at
1 July 2019
Transf•rs
Inlout
G•ln
{10ss05
Income Exp•ndIrO
UNRESTrICTED FUNDS
DESIGNATED FUNDS
Property fund
397.294
551,213
{8.575)
(151.2671
388,719
340,622
Community New5 Pro*
1.572
(60.8>
948.507
1.572
{159.8421
160,8%)
729.341
GENERAL FUNDS
Income fLtnd
Capitai fund
261.659
196.384
1267.579)
88.939
279.403
840.916
25,727
866,643
1.102.575
196.384
(267.579)
88,939
25.727
1,f46.046
TOTAL UNRESTRICTED
FUNDS
2.051.082
197.956
(427.421)
28,043
25.727
1.875.387
RESTRICTED FUNDS
D&r$ty fund
Gannett Foundation
173.654
401.663
(327.378>
{79))
(1.9)5.512>
128.0431
219.896
1.250
1.507.643
Community News Proiect
3.403.505
9.650
3,579,159
411,313
(2.233.640)
(28.043)
1,728.789
TOTAL OF FUNDS
5,630241
609.269
P.661.C61)
25.727
3.804.176
Pa98 52
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
A ¢ompAny lknlt•d by guarnnts•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
18. ANALYSIS OF NET ASSETS BEfwEEN FUNDS
ANALYSIS OF NEf A8SEf8 BEYWEEN FUNDS. CURRENT YEAR
unreStrfct Restrict8d
nds
funds
2021
2021
Total
lunds
2021
Tangible fixed assets
Fixed assèt investments
Current assets
Creditors due willun one
422.159
1,093.566
1.200.039
1400,0471
422.159
1.093.566
3.441,303
(400.0471
2.241.264
Total
2.315.717
2,241,264
4.556.981
ANALYSIS OF NEf SErs BEfwEEN FUNDS- PRIOR YEAR
Unrestrided Restricted
fuThY$
funds
2020
2020
Totsl
funds
2020
Tangible assets
Fixed asso1 investments
Current assets
Creditots due th[ft orn
398,585
2,866
401.451
866.638
1.727.123
2.569,912
11.2(M)) {223,876)
842.789
(222.6761
Total
1.885.336
1.728.789
3,614.125
PARENT ANALYSIS OF NET ASSETS BETWEEN FUNDS. CLFRRENT YEAR
Unrostrlcl•d Restricted
funds
fund$ Total funds
2021
2021
2021
Tangible fixed assets
Fixed asset investments
380.145
1.093,567
915,120
{.572)
380.145
1.093,567
3.156,384
(90,572)
Cufrent assets
2241.264
Creditors du8 within one
TOTAL
2,298.260
2.241.264
4.539.524
Pag8 53
NATIIY4AL COUNCIL FOR THE TRAINING OF JOURNALISTS
{A wnp•ny Ilmltod by guarantè•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
PARE ANALYSIS OF NET ASSETS BEfwEEN FUNDS . PRIOR YEAR
UnrMtrl¢ted Restrlcted
funds
funds Total funds
2020
2020
2020
TangitrAe ffix assets
Fixed 88s8t investments
Current ossets
391,586
866.639
640.180
{23.0181
391.S86
866,639
2,368,969
123,0181
1,728.789
Creditors duè wlihin cth
1.875.387
TOTAL
1,728,789
3,604.176
RECONCIUATION OF NEf MOVEMENT IN FUNOS TO NEf CASH FLOW FROM OPERATING
ACTlVtnES
19.
Group
2021
Group
2020
Net incomelexpendituye th8 yèar (as per Slatement of Financial
Activiiiesl
942.856 12.020.973)
Adlusknents for.
Deprecialion cha
Gains on investments
17,688
(226,928)
{19,387)
11,364)
(101.492)
176.171
15,555
125.727)
129,973)
1,428
(62.888)
67.331
Dividends. terests and rents from Nwostrftenls
(InCreaseydo9a$0 in StkS
In¢x8ase in deblo
Increase in creditors
N•t cah provldod byl(uwl In) operatlng actlvl
787,544 {2,055,2491
20. AIIALYSIS OF AND CASH EQUIVALEiirs
Gmup
2021
Group
2020
Cash In han(1
3,118,882
2,349,679
Tptsl ¢a¥h and ush •qulv*onts
3.118,882
2,349.679
Pag& 54
NATIONAL COUNCIL FOR THE TrAINING OF JOURNAUSTS
(A ¢ompany Ilmltsd by gU•Tanto8)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
21. ANALYSIS OF CHV4GES IN NET DEBT
At1Juty
2020 Cash Il¢ws
At 30 Juno
2021
Cash at bank and in harKI
1349.679
769,203
3,118.882
2.349.679
769.203
3.118.882
PENSION COMMrrMENTS
EMPLOYEE PENSIONS
The charity opeyales a defined contribution pension $¢hgme. The assets of the scheme are held
Separately from those of the charity an ind8tMdentty administered fund. The pgnsion cost for the year
amounted lo £24,943 {2020: £17,521). At the year end £4.453 {2020". £3.498) of both employee and
EXECUTNE PERSONAL PENSION ARRANGEMENT
NCTJ contributes to the p8rsonal pensp)n affangernt in respect of the thief executive. Th& pension cost
chaige relating to this arrangement for the yEar arnunted to £10250 (2020: £10.1251 and contributions of
£854 {2020: £1.538) weye due to th8 Schen al the year end.
OPERATING LEASE COMMIThIEp¥rs
At 30 June 2021 the Group and the ch had commitments to make luture minynum lease payments
under non-canCdlatre operating lea as folltrws:
Group
2021
Group
2020
Not later than 1 yBar
Latèr than l year and not Fater than 5 Jpars
4,374
1.815
4,257
3,648
6.180
7.905
At 30 June 2021. th8 Charity had onterwJ irrto 8 finan1) o)mmitment amounting to £nil (2020- £1,792).
Pagg 55
NATIONAL COUNCIL FOR THE TRAINING OF JOURNALISTS
IA comnY limlt•d by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
RELATED PARTY TRsACTIONs
During the year the charity tharyed ils tradBig subsmliary a m8n•Jement fee of £37.52512020: £35,938)
and rent ofthe premw of£24.[ P020: £24.0(KJ).
During the year the charity vras charged by its tradtng subwdiary for staff u)sts in relalion to the
Community N8ws Proj8Ct of £35275 {2020." £37,131).
The trading subsidiary donated by way of deed of covenant £163,252 (2020: £29,556) to the charity. Al
30 June 2021 the trading subsidiary owed the charity £165.502 {2020: £28.363).
Page 56
R•gl$ler nurnber: 02962094
NCTJ TRAINING LIMITED
DIRECTORS. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
NCTJ TRAINING LNrrED
COMPANY INFORIAATION
DIRECTORS
Gawn All8n
Laura Adams
Lyn AndefS(
Abu BurKlu.Kamara
Joanne Butcher
Anty Calms
lfjm Fletcher
Toby Granville
John ROey
Cdm Murphy
larttn Wilt
Abbie S(xAI
JasvirKler Niit*
Ajan Edmunds
Joanna Webster
Nell 0,18n
COMPANY SECREf*RY
Mr C tnhaM
REGISTERED NUMBER
02962694
REGISTERED OFFICE
New Granary
SL*ion Road
Essex
CB113PL
INDEPENDENT AUDITORS
Petws Elworthy & Moore
Chartered Accountsnts & Slatuw Audito
Salistyjry House
Station Road
C812LA
eard8ys Bank PLC
183 High Street
Epping
Essex
CM16 48H
NCTJ TRAINING UMfTED
Page
Dlrodors. roport
Indendent audltors. rwrt
st3tem•nt of Incomo and rttalned eamlrys
Balanco ¥he•t
10
NotOS to th• flnanclal $t•tom•nts
The follwng pages do fomi p8rt ofthè ststutoryfinancial stalwnents:
Detall profit and Ioss account and sununarlos
17-19
NCTJ TRAINING uMrrED
DIRECTORS. REPORT
FOR THE YEAR ENDED 30 JUNE 2021
Th8 directors present their rerth and the )Inancial statements forthe year ended 30 June 2021.
PRINCIPAL ACTMTY
The principal actNity of the company is the prow5 and supervisKJn of loumallsm-related training and the
directors intend to Continue lo devebp this activity.
DIRECTORS
The dYe¢tors seNed durry the were:
Gawn Amen
Laura Adams
Lne Anderson
Abu Bundu-Kamara
Joanne 8ulcher
Andy Calms
J8r8my Clrfford Iresign8d 19 JanLHry 221)
Kim Fletcher
Toby Granville
Colm Murphy
John Rwey
Martin Wrtght
Abbie Scott
Alan EdmurKIs
Jasvinder Niiiar
Joanna W8bster
Neil O'Brien
The company is a wholWed SLtbsidiary of the tharity. Nattonal Council for the Tr8iniNJ of Joumalists INCTJI
and the directors, interests in the group are disdosed in the fffianual statements of th8 parenl charitab
company.
No righ15 were granted to or exerowj by the dirgclors in respect of any rht to subscribe for shares in the
company during the ar.
CHARITABLE coirfRIBUTIONS
Th& company made a after tsx. prity tt) gift wd, for swr of £173.075. The company has b8en ablo to
gtft aid £163,252 to National Councal forthe TrdiniThJ of Joumalisis.
Pag8 1
NCTJ TRAINING UPAITED
DIRECTORS. REPORT {copmNUED)
FOR THE YEAR ENDED 30 JUNE 2021
DIRECTORS, RESPQNSIBIUTIES STATEMEKr
The directors a reSnSitde for preparirwJ the Dirwxors. retmjt 8T the finanThal statomgnts in accordance wth
applicable law and regulations.
Company law requffes the directorn to prepare finanrial statements for each financial year. Und8r that law the
directors have ele(aed to prepare the finanaal stat9m8nts hi afyrdar with applicable law and United lfjngdom
Accounting Stsndards {UnÉled lfjngdom G8ngralty Ac(*pted Accounting Practice). induding Finanual Reporting
Stsndard 102 'The Finanaal Reporbng Stsndard applicable in the UK and Republ of Ireland,. Under company
law the dir8Ctors must t1 8pprove the finanual statents unless they are satisfied that they give a trug 8nd fair
view of the state of affairs of the rJ)mpany ond of tho profit or k)ss tho CCAxpany for that P10d.
In preparing these financial statgmenls, the direcaots are required to:
select suitabfe accAJunting for the LX)mpanJls finanal ststements and then apply them
consistgnlty"
mako judgm8nts and acnting estimates that are reasonat4e and prudentr
pr8pare tho financial ststements on the gjing ccrfKorn bags unless t is inappropriate to pr8$yme that th&
companywill continue in business.
The directors are rnsponsible for kwyng adequate a¢cwntiru records thal are suffiijent to 5hcw and 8xplain
the CoMpanS transactions antl disck)se with reasonable accuracy at any time the finaneial position of th8
ompany and to gnable them lo anjre that the financial statements comply with the Compani8s Act 20(. They
are also responSie for safeguarding the assets of the company and hence for taking reasonable steps for the
prevenlKJn and d818ct*)n of fraud and (rther irregufarilies.
DISCLOSURE OF INFORMATION TO AUDrroRS
Each of the pe)nS who ar8 directors at the twne when direct5, rop(wt is approved has COnfm that:
so far as the director is aware, there relevant InftXman of which the companvs auditors are
unawaro. and
the director has tak8n all the sl&ps that ought to have been taken as a drector in order to be aware of any
relevant audil 0ThallOn and to establt5h that the cijmpanys alitS are aware of that infonnation.
Page 2
NCTJ TRAINING UWTED
riRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
AUDITORS
The auditors, Peters Elworthy & Moore. will be propowj for reaFpointment in accrydanee with section 485 of the
Companies Act 20C6.
SMALL COMPANIES NOTE
In PTepafing this report. Ihe ditoT5 taken of the small companies exemptions provtded by
Se 415A ofthe compan Acl 2(.
This report was approved by the bjard and on its behalf.
Klm Fletcher
/& 20 21
Dale..
Page 3
NCTJ TRAINING UMITED
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NCTJ TRAINING UMITED
OPINION
We have audited the financAal statomgnts of NCTJ Training Llmited (the 'COmpan) for the yBar erKled 30 June
2021. which mprIse the Sta18ment of Inc(me 8nd Retained Eamings, the Balance Sheet and th8 lated
notes. induding a summary ol sKJnificant aco)unting p0CleS. Th8 finanryal reporting framework that has be8n
applied in their pr8p8r8tion is apICable and United Kingdom ALxounling Standards, induding Financial
Repong Standard 102 The Financial Rgporting Standard apylicable in the UK aThJ Rewbllc of Ireland, {Unit8d
Kingdom Generally Accepted AoUnting Practse).
In our opinion the financi statements:
give a true and fair view of the state of the Companls affairs as ai 30 June 21Y21 and of its profit for the
year then ende(J',
have b88n propoty prepared in acc*)rdance ry1h United Kiwdom Generally Accopted Accounting
Pradice:
hav8 b8en pr8par8d in acfxjrdance with the requirements ofthg CpanieS Act 20C6.
BASIS FOR OPINION
We conducted our aLKlit in a¢c¢ydance with Inlemational Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our rgsponsibilits8s under those stsndards aro further described in the Auditors, resp)nsibiltt*e$ for the audit
of the finanual slal8ments section of our report. We are indepen(lent of the Company in aCcOrdar with the
ethtcal requirements that are relevant lo wr audil of the financial statements in the Unrted Kingdom. including
the Financial Reporting Councifs Ethical Standard and we have fuhlllad our other elhlcal responsibilities in
ardance with these reqUItS. We be that the audil evidence we have obtBin8d is $uffiu8nl and
approprÉale to prowd8 a basls for opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing th8 financial stateThnts. we have conduded that the directors, use of thè going COnM basls of
a¢wunting in the preparntion of the ffinallC statements is appropriate.
Based on the work we have p8rfofm8d, h8Np Identi any material Uncertain8$ relatW to &vents or
corHJi(ions that. individualty or rdlectivety, may cast signfficant doubt on th8 Compan(s ability to ¢onlinue as a
ing CACern for a pgrio(l of 8t18ast twelve Mon from 4¥h8n financ1 statements are aLthorised for issue.
Our responsibilitles arNJ the reS[nsIlEtlOS rrf th& dir8Ctrys rnspéct to going concem are described in the
relevant sections of this rert.
Pago 4
NCTJ TRAINING LIMrrED
INDEPENDEpif AUDrroRS' REPORT TO THE MEMBERS OF NCTJ TRAINING UMITED (CONTINUED}
OTHER INFORMATION
The other Informati Compri the Informati indwjed wi the Annual Repryt olher than th8 fin8nry81
stat8ments and our Aurfrtors, report thereon. The di¢10 ar8 responstblé f¢X the olh8r InfCrnatlQn contalned
thin the Annual Report. Our opinion on the finaniial statements does not cOr th8 other infomiation and.
except lo the extsnt otherwise èxplirAty stated in wr reporL do not expr8ss any fonn of assurance conclusion
Ihereon. Our responsibilty 1$ to read ts Othgr infonnation and. in doing so, CCfflSKler whether the olher
infomiation is mat8ri81ty inconsistent vthh the finanual ststemnts or ¢JJr knthvledge obtaingd in thg wurse of the
audit, or otherwlse appears lo be malerialty mStated. If we Klenlify such material inconststenry&s or apparent
matèrial misstatements. we are required lo determine v*thether this gives rise lo a material misstatement in th
finanual slalements themse8s. If. based on tho work hav8 rfOrmed, we concludé that there is a matwial
misststement of this other information. are TOqU¢Ted to report that faL*
We have nothing to reFth in this rega.
OPINION ON OTHER MAThERS PRESCRIBED BY THE Comp11Es ACT 2006
In our opinion, basad on th8 undertkn in lh8 )urSe ofthe alit
the information given irb the DKectors' report for the finonry81 yoar for which the financial ststemenls aro
prepared is nsiStent wrth thg )Inan¢ial statements,. and
the Directors. f8POrt has b80n prepared in accordan t•Mlh applIcae legal reqeMents.
MATfERS ON WHICH WE ARE REQUIRED TO REPOIU BY EXCEPTION
In the light of the knovA&Jge and urKleTstanding of th& Ccmpany and its environm&)t obtained in thfj CQUTSg of
tho audit. have not bJ8ntif*d material misslatwn8nts in the DiroLaors' report
We ha nothlng to rep¢xt in respect of the fofThiirMJ Matte in relation to thIch the Companies Act 2006
requires us lo rèport to rf. in )ntrols. including testing of joumal entries
and othgr adjuslments for 8ppropri8ten&ss. evaluating th8 business rat#)nale of signffiL¥nt transadions
outside the nomial course of business 8rKI reVIen9 a¢untIng esbmat&s for bia5.
In response to the risk of iTheguIar8s and non-conwliance with lavts and regulations. we dgsigned procedures
which induded. tyjt were limited to:
agreeing fin8ncl81 statement disdosures to und8TtyYig sUppOrtr documèntation:
reading the minLrtes of mgQtir¥Js:
enqu¢rfng of managrtt a5 to atAual arKI ptial ltyatÉon and daims". ar
reviewing correspondence with r81Bvant rewbtor8, such as the Office of Qualffications and Examinations
Regulalion IOFQUAL).
There are inherent limitations our audri pro¢eduw d8scrit*d above. The more removed that laws and
regulations are from financial transactions. the less Ikely it is that we would boccrfne aware of non-compliance.
Auditing standards also limit the au(lit procedures required to identify rn)n-complk8ncé with laws and regulations
to enquiry of the directors and other fflanagemt and thg inspection of regulatory and 18gal correspond8nce, rf
any.
Material misstatements that arise dua to fraud can be harder to detecl th8n those that arise from error as they
may invofvo ddiber8te concealment or tt41UsK.
A further d&srAiptKin of our reSEIlitIeS for the audit of the financial statents 15 located on the Financlal
Reporting CourKif$ websits at: WKw.fr&org.ukJaudilceb1lrtÉ$S. This d6pon lon$ part of our
Auditors, r8PfKt.
Pa7
NCTJ TRAINING UMITED
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NCTJ TRAINING UMITED ICONTINUED)
USE OF OUR REPORT
This report is made scAdy lo the mPan$ mnbel$. as a . in acojrdance with Chapler 3 of Part 16 of Ihg
Compani8s Act 2006. Our audil w(ffk has been undertaken so that V*V might state lo the CoMpaS members
those matters we a rw4uire(I to stale to them in an Audrtors. report and for no other wrpose. To the fullest
extent permtited by law. we do not accept or assume SponsIbl11ty to an)Dne other than tha company and the
companls members. as a b. for our audit worK for this rew)r( or f¢x the opinions w8 have fomwd.
Kel Bretherick {Sanicff statutory audity)
for and on behaw of
P•t•rs Elworthy & Moofo
Chartered Acc4yJntants
Stabjtory Audbt
Salisbury House
Station Road
Cambridge
CB12LA
Dat8..
l aol I
Pago 8
N¢TJ TRAINING uMrrED
STATEMENT OF INCOME AND REfAINED EARNINGS
FOR ThE YEAR ENDED 30 JUNE 2021
2021
2020
Tumov8r
1.017.885
826,866
1322.8611 (261.7421
Cost of sales
GROSS PROF
695,024
565.124
Administrative expenses
Other operallrvJ In(xJm8
(594.523) (554.3121
69.745
25.538
OPERATING PROFIT
170246
Intar8st receivabb and gmilar incom
PROFIT BEFORE TAX
170.274
36,498
Tax on profit
{1,8531
PROFIT AFfER TAX
170.760
34.645
Rgtaingd eamings at Ihe beginnirvJ of the Jear
4.860
4.860
Profit lor the year
D88d of Covornant
170.760
(163.252)
34,645
129,5561
RETAINED EARNINGS AT THE END OF THE YEIJI
17.457
9.949
The not6s on page$ 11 to 16 form part oftheso fmancial slalements.
Page 9
NCTJ TPAINING UMITED
REGISTERED NUMBER: 02962694
BALANCE SHEET
AS AT 30 JUNE 2021
2021
2020
FIXED ASSETS
Tangible assets
42.014
9,865
42.014
9,865
CURRENT ASSETS
stks
Debtors.. amounts falling due within one year
Cash at bank and in hand
7.592
122.323
320.506
6.228
140.276
82,802
450.421
229.306
Creditors.. amounts falling due within one
(474,9rn
1229.2211
NET CURRENT (UABIUTIESVASSErs
TOTAL ASSETS LESS CURRENT
UABILITIES
124.5561
85
17.458
9.950
NET ASSETS
17.458
9.950
CAPITAL AND RESERVES
Called up share capilal
Profit and loss account
17,457
9.949
17N58
9.950
The financi81 statements have been prepared in &cordarKe with Ihe provisions applicable to eompanies subject
to the small Compan regime and in dance Wbth the provtsions of FRS 102 Saction 1A- small entities.
The financial slatonwsts were approved and authorised for issue by the board and were signed on its behalf by
by.
Klm Fletcher
Joanne Butsher
/6 942/
Date..
The notes on p4es 11 to 16 fomi part of these financial slatements.
Page 10
NCTJ TRAINING uMrrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YE1 ENDED 30 JUNE 2021
GENERAL INFORMATION
NCTJ Training Limit8d is a prÉvats company Imited by shares and inwofated in England and Walas. Its
registered office is disdosed on the companys inf0mtiOn pagg.
The parent urKlertaknng of the smallest grwp to (yx*solKlate these ffftancial st81ements is National Council
for th8 Training ol JoLtrm81ists, a company limlted by guarantee and a regast8re¢J charity. The componY$
registerwj office is New Grdnary. Stalion Road. &iffron Waklen, Essex. CB113PL.
The companys functi01 and prgsentstK)nal ¢xJrrw)cy is GBP.
ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
Tho finanoal st*ements have en err1 undèr tha hIstoral cost u)nVenon unless OtheFWiSO
specified within these alxounting policies and in acwdance with Sedion 1A of Financial Reporting
Stsndard 102. tt* Finanaal Reportin9 Slandard appkcable in the UK and the Ropubli¢ of Ireland and
the Companies Act 2(.
The fkYIng principal aLxMJntirKJ h•w been apFdigd:
22 GOING CONCERN
The Direcl(Ys have prepared f(sts to December 2022 and ¢))nsidered thè trading poriod bew)nd
this. In light of the global pandemic OCCUfTirvJ in 2020 and throughout 2021. the Dir8Ctors have stress-
tested forecasts, which chty Mpare dtffering leve15 of income teiro generatsd by the MpanY
depending on wh8th8r courses are able to be offered physully, Onli or tp)stpon8d.
Upon their review. the Otrectors telve that the c(Mnpany wll have suffbcAent rasourcgs to meet its
liabdriies as they fall due for thg fwseeabje fulure and therefore tontinue to adopt a going concem
basis in preparing th8 financial stslements.
2.3 TURNOVER
Tumover is reCOgned to the eytent that it Is pTcknb that th8 8conomic bonefrts will flow to the
company and the IufTW can be relia measured. Tumover is measurad as the fair valu8 of the
ConsKleraO reIved or receÉVao. oxdudirMJ distts, rebates. value added tax and other sales
tsxes. Tumover comprises revenue r8cognis8d by the ts)mpany in respgcl of training courses and
examlna1KS fees during and Is re¢ognis&J when a rKyJrs8 1 exam tskes place.
2.4 OPERATING LEASES
Rerrtals paKI under operaliThJ leases are c*arpJ to proffl or loss (m a Straht line basis ovèr thé
2.5 INTEREST INCOME
Interast fftC0 i8 recconised in profil or10sS Using the eifeclive intwest methcd.
Page11
NCTJ TRAINING UMrtED
NOTES TO ThE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 30 JUNE 2021
ACCOUP4TING POLICIES Icoi¥llNUED)
2.6 PENSIONS
Th@ company op8r*e$ 8 defined conlrmion plan for its empbyoos. A contributK)n plan 15 a
pension plan under which the company pay3 fixad contributK)ns into a separate entrty. Once the
contn"buknns have been paid Ihe o)mpany has no further pawnent obligations.
The contribulions atg recognised 88 an exw)se in the Statement of and Retained Eamings
when fall due. Amounts not pahj are shown in accnjals as a Ikqbility in the Balan sheet. The
assets of thè plan arè hehj separatetyfr(Kn the company in independefty administered funds.
2.7 TAXATION
Tax is recognised in prrth or loss except that a tharge attrlbutsblè to an item of income and axpense
recognised as other compr8h8nsiv8 income or to an item recognised dIreY in gquty is also
recognised in other comprehensive income or direcuy in equty respactwety.
The current income tax charge is CalcUted on the basis of tax rates and laws that have been
enacted or substantNety 8nacted by th8 balan sheet date In the countries whgrg the company
operates and ggngrales inc(rn.
2.8 TANGIBLE FIXED ASSETS
Tangible fixgj assets the (J)st modd arè 8tated at histor31 $t Igss attumulated
d8preaatK)n and any acLxJmtslated 4npaim*nt losses. Historul cost indudes eXpditure that is
diredy attTsbutable to bringing the asset to tho hxation and cornlition necessary for it to be wabte of
operating in the manner intended by manageThnl.
Dgpr8ciation is tharg•J so as to akrtate the Lx)st of assets 1gs$ Iheir resldual value over their
estimated useful lives. using toth tho straight4ne and reducing balance basis.
Dopreaatb)n is provNled the folk)wing basls:
Frxlure5 & fittings
Office equipment
. 25% raducing balanc*
- 25% reducing balanr*lstraight4ine
The assets. residu81 values. useful INes and depreuakn mglh)ds 818 reviewed. and adjustad
prD5P8ctively it appmpriate. or rf th8re is an indicatti)n of a SkJnff8nt change sinGe thg last reporti
date.
Gains and losses on disp(tsals are d8twmined by rnparing th8 proceeds wth th8 Carryng amount
and 8r8 recconis&J in profit or h)ss.
19 STOCKS
Stocks are stated at the lo*Er of cost net reahsat48 va8 after making due allowanc8 for
obsolel8 and moving slodt. Cost indudes 811 direct costs and an appropriate proportion of fixed
aNI variable overheads.
Paga 12
MCTJ TRAINING UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
ACCOUNTING POUCIES (CONTINUED)
2.10 DEBTORS
shC tomi debtor5 are m&3sured at transaclv)n wi, any impaTh8nt. Loans receNabla ara
measured InallY at fair value. net of tranSactIc ts)sts, and are moasured subsequently at amortised
cost using tho effve inteF8St meihod. kn any Impaint
2.11 CREDrroRS
Short tenn creditofs are measured at the transadion price. Other financial Ilabllities. irluding bank
loans, 8r8 ftured initialty 8t fair value. net of transartion costs. and are measured subsaqu8nlty 8t
amortised cost Uslllg the effective interest method.
2.12 DEED OF COVENANT
Gtft akl pawnents to Ihe parent. National crn for the Trnininy of Joumafists. are treated 8s a
di51ribjtion rather than on expense in the ffinan¢ial st8tewnts. Whor8 a dead of covenant has been
gnterod into between th8 paiert and the company. the obligatK)n FS re]Trd in line with the dg8d.
EMPLOYEES
Th8 averago rrKtrnthly number ofemplosws. inding diroctors. durfng the Jtar was 9 {2020- 10).
TATION
2021
2020
CORPORATION TAX
Current tsx on profits for the >tar
{486)
1,853
(486)
1.853
TOTAL CURRENT TAX
{486)
1.853
Page 13
NCTJ TRAINING UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
TAXATION (cowfiNUED)
FACTORS AFFECTING TAX CHARGE FOR THE YEAR
The tsx assessed for the y8ar is bwor than12020- h)wer than) the stsndard rate of corporation tax in the
UK of 19%12020. 19%). The differences ar8 e*ined beh)w'.
2021
2020
Profrt on ordinary actwtsgs bth tsx
170.274
36.498
Profrt on ordinary adiwties mphed by standard rate of o)rwation tax in
thg UK of 19%12020- 19%)
EFFECTS OF:
32,352
6,935
Expenses not deductible for tsx wryx)ses. other than goothAryll atI
and ImpalmnI
Capitsl 8llowances for y88r n) exc$ of depTecialiL
Change8 in provision teading to an inuease {deuease} h) thè tharga
Deod of covenant payinent
Adjustments to tax charge in respecl of wM)r
79
12
443
15,616)
(1.383)
(31.458)
1486)
TOTAL TAX CHARGE FOR THE YEAR
1486)
1.853
Page 14
NCTJ TRAINING uMrrED
NOTES TO THE FIP4ANCIAL STATEMEPITS
FOR THE YEAR ENDED 30 JUNE 2021
TANGIBLE FIXED ASSErs
Furnlture.
flltlngs and
und•r
equlpment ¢onstwctlon
Total
COST OR VALUATION
At 1 July 2020
Add15
Disposals
138.374
11246
(1,807}
138.374
38.396
(1,8071
26.150
At 30 June 2021
148.813
26,150
174963
DEPRECIATION
At 1 July 2020
Charg8 for tha sear on owned assets
Disposals
128.509
6.247
{1.807)
128.509
6.247
{1.807)
At 30 June 2021
132.949
132.949
NET BOOK VALUE
At 30 June 2021
15.864
26.150
42,014
At 30 June 2020
9,865
9,865
DEBTORS
2021
2020
Trade debt($
PrepayThents and acCnl l(ne
121.533
790
131.224
9.052
122.323
140.276
Paga 15
NCTJ TrAINING UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
CASH AND CASH EQUIVALEP
2021
2020
Cash at bank and in hand
320.506
82.802
320,506
82,802
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
2020
Trade creditors
Amounts owed to group undertakings
CorpoTabcm lax
Other taxa aThl soclal Sety
Other credito
Accruals and deferred inc
20,373
28.363
1,853
89,635
3.498
85.W39
165.502
89,170
4.482
176.021
474.977
229,221
Other creditOfS are anb)unts due to defin•J contributiC pension schemts of £3.703 (2020. £3,498).
SHARE CAPITAL
2021
2020
ALLOTTED. CALLED UP AND FULLY PAID
112020- 11 Ordinary Shares of £1.00
10. FINANCIAL COMMrrMENTS
Total finanual commitments. guaraniaos and catyngen¢I that are not indud8d in the balance sheet
amourkt lo £6,189 {2020- £9.6961.
11. RELATED PARTY TRANSACTIONS
The company is exempt from di8dosing the transadion5 V•ith its parent. National Council for the TrainirKJ
of Joumallsts. on the basis Ihat the company is induded In thè ctrtsol*latod financial ststements of the
parent.
Pag8 16
NCTJ TRAINING UMITED
DEfAILED PROFrf AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2021
2021
2020
TumoveT
Cost Of Sal8S
1.017.885
826.866
(322.861> (261.742)
GROSS PROFIT
695.024
565,124
Othar op8rnting inco
Admlnistration expanses
69.745
25.538
(594.523) (554.312)
OPERATING PROFIT
170,246
36,350
Inter8st rewvable
Tax on profrt on ordinary act1w1$
148
11.8531
PROFIT FOR THE YEAR
170.760
34,645
Pago17
NCTJ TIIAINING UPArrED
SCHEDULE TO THE DETAILED ACCOUNTS
FOR ThE YEAR ENDEO 30 JUNE 2021
2021
2020
TURNOVER
Short courses
NQJ
Diploma in Joumalism (Prelims)
Distanc8 Leaming and public8knns
Accredit81ions
Events
Qualifications development In
Apprenticeships
Manag8ment fees
113.836
35.215
523,900
201.416
34.433
8.250
6.325
59.235
35.275
115.549
40.177
345.288
172.764
34,714
18,928
62.315
37,131
1.017.885
826.866
2021
2020
COST OF SALES
Conference and CoUeS
71,249
9.221
127.055
36.257
64.$57
12.788
100.985
26,062
6,500
21.349
21.874
7,627
NQJ
Diplc#na in Jwmalism (Prdimsl
Distanc& Learning and pub&catKms
Honorarta
Events
2.853
59.409
9,417
Online Assessment
Awrenticeships
322.861
261.742
2021
2020
OTHER OPERATING INCOME
Sponsorship
Royalty receNable
Miscellaneous income
66.787
2,265
693
21,550
2,748
1.240
69.745
25.538
Page 18
NCTJ TRAINING UMtrED
SCHEDULE TO THE DETLED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2021
2021
2020
ADMINISTrATION EXPENSES
Staff salaries
Staff notional insurance
Stsff pgnsion costs. money purth8se sthe
Stsff training
staff welfare
311.441
31.356
291.413
24,B51
13,934
7,708
4.300
416
1,000
3.921
Ent8rt8inm8nl
Travel and subsL8tenc*
Qua1ffi¢aln ar d8velopment cost
Prlnling, stationery and postagg
Telephone
Computer costs
Advertising arbd promotion
SubscriptKin$
Legal and prof8SWlaI
AuditcKs' remunerati(
Auditors. remuneration - non•audit
Bank charg8S
Sundry expenses
Rent and rates
Light and heat
Insuranw
Repai 8nd mainten8nce
DepTeciation- offit£ eqLtipment
Recruitrnenl Costs
Managemgnt charges paydble
Product development
Research
103
615
16,259
18.007
6.632
49,485
13.855
1.945
500
10.688
12.691
7.312
51.701
21,429
575
6.165
875
5,590
850
5.714
7.721
24.QOO
3.477
4.116
9,021
4,115
3.850
35,938
6.216
7.561
24.000
3,169
4.142
12.632
6.247
7.950
37.525
5,085
6.325
594.523
554.312
2020
IpirEREST RECEIVABLE
Bank interest receivable
28
148
Page 19