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2020-12-31-accounts

Chair			Elisabeth Tribe
Vice Chair			Astrid De Ridder
DirectorslTrustees			Elisabeth Tribe
			Astrid De Ridder
			Claire Sanderson
			Jonathan Glasspool
			Edward Milford
			Robin Hunt
			Emma Brown
			Owen Meredith
Secretary			Ben Sangeelee
Company	Number		1253854 (England		and Wales)
Registered	Charity	Number	1083081
Registered	Office		16 High Holborn
			Holborn
			WC1V 6BX
Auditors			Clarke Huttun
			Summit Court
			Barnet
			London
			EN5 5YR
Bankers			National Westminster			Bank
			98Wandsworth	High		Street
			London
			SW184JZ
Investment	Advisors		Rathbone Investment			Management	Ltd
			8 Finsbury Circus
			London
			EC2M 7AZ
Business	Address		6 Bell Yard
			London
			WC2A 2JR

			Page
Trustees'	report		1-7
Statement	ofTrustees'	responsibilities
Independent Auditors'		report	9-10
Statement	offinancial	activities
Balance sheet			12
Statement	ofcash flows
Notes to	the financial	statements	14-25

Expenditu	re Acc	ount for the	year ended	31 Decembe	r 2020
		PTC	PTC	PQB	Consolidated	Total
	Notes	Endowment	Unrestrict'ed	Unrestricted	Funds	Funds
		Funds	Funds	Funds	2020	2019
income from:
Courses			134,063	232,353	366,416	445,259
Interest			161		161	387
Total income			134,224	232,353	366,577	445,646
Ex enditure on:
Publicity and promotion			14,947	13,095	28,042	43,965
Charitable activities
Courses			127,872	197,902	325,774	484,795
Total expenditure			142,819	210,997	353,816	52&,760
Net expenditure/income before gains on investments			(8,595)	21,356	12,761	(83,114)
Net loss/gain on Investments		29,467	5,354		34,821	91,540
Net (expenditure)/income		29,467	(3,241)	21,356	47,582	8,426
Transfer between funds
Net movement in funds		29,467	(3,241)	21,356	47,582	8,426
Fund balances at 1 January 2020		623,743	141,112	20,905	785,760	777,334
Fund balances at 31 December 2020		653,210	137,871	42,261	833,342	785,760

					Group		Charity
				Notes	2020	2019	2020	2019
Fixed Assets
Tangible assets
Investment				10	771,888	737,067	771,888	737,067
					771,888	737,067	771,888	737,067
Current Assets
Debtors					8,362	7,805	2,112	1,750
Cash at bank and		in	hand		235,982	184,578	89,502	78,358
					244,344	192,383	91,614	80,108
Creditors:	amounts		falling due
within one	year
				12	(182,890)	(143,690)	(72,421)	(52,320)
Net current	assets				61,454	48,693	19,193	2?,788
Net Assets					833,342	785,760	791,081	764,855
Income funds
Endowment	funds			14	653,210	623,743	653,210	623,743
Unrestricted	funds				180,132	162,017	137,871	141,112
Total funds					833,342	785,760	791,081	764,855

				Group		Charity
			Note	2020	2019	2020	2019
Cash flows from Operating Activities			16	51,243	(69,359)	10„983	(62,668)
Cash flows from
Investing Activities
Interest Received/Gains				161	46,387	161	46,387
Increase/Decrease Cash Equivalents	in Cash	and	17	51,404	(22,972)	11,144	(16,281)
Cash and Cash Equivalents the beginning ofthe year		at		184,578	207,550	78,358	94,639
Total Cash and Cash
Equivalents at the	end ofthe			235,982	184,578	89,502	78,358
year

		2020	2019
Short courses 8 E-Learning	(PTC)	134,063	286,557
Distance Learning courses	(PQB)	232,353	158,702
		366,416	445,259

		Activities	Support costs	Total	Total
	undertaken	directly		2020	2019
			F
Short courses &		60,064	67,808	127,872	336,832
E-Learning
Distance Learning		100,917	96,985	197,902	147,963
		160,981	164,793	325,774	484,795

is ofsuppor	t and go	vernance cos	ts
		Support	Governance	Total 2020	2019	Basis
		E		f	F
Office costs	(inc.	9,176	3,059	12,235	33,321	Allocated	on
Rent)						time
Human resources		104,173	35,214	139,387	176,103	Allocated	on
(inc. pension)						time
Other (inc. irrecoverable	VAT)	363		363	993	Support
Audit 8 Taxfees			3,990	3,990	3,090	Governance
Legal Fees			8,818	8,818	4,700	Governance
Total		113,712	51,081	164,793	218,207

nance costs
	2020	2019
Audit &Tax fees	3,990	3,090
Legal fees	8,818	4,700
Support costs	38,273	37,784
	51,081	45,574

me/Expenditure	for the year
		2020	2019
This is stated	after charging
Depreciation oftangible assets
Operating lease rentals:
Land and	buildings		17,740
Auditors'	remuneration
(Group)		2,700	2,500
(Charity)		1,600	1,500

The average number of	employees, analys	ed by funct	ion, during t	he year w
	Group	Group	Charity	Charity
	2020	2019	2020	2019
Courses
Governance		1	1
Web 8 Promotion		1	1
		4	4

		Group	Group	Charity	Charity
		2020	2019	2020	2019
Salaries (including	contractual	118,128	144,127	43,708	92,241
staff)
Social Security costs		8,228	14,360	3,044	9,191
Pension costs		13,031	17,616	4,821	11,274
		139,387	176,103	51,573	112,706

fixed assets (Group	&Charity)
	Teaching	Office	Furniture	Total
	and	equipment	and fittings
	computer
	equipment
Cost
At1 Jan 2020	5,077	4,350		9,427
Additions
At 31 Dec 2020	5,077	4,350		9,427
Depreciation
At 1 Jan 2020	5,077	4,350		9,427
Charge for the year
At 31 Dec 2020	5,077	4,350		9,427
Net Book Value
At 31 Dec2020
At 31 Dec2019

ents
			Group	Group	Charity	Charity
			2020	2019	2020	2019
Investments	listed		737,067	691,527	737,067	691,527
Purchase of investments
Unrealised	gain/loss		34,821	45,540	34,821	45,540
Realised gain				46,000		46,000
Transfer				(46,000)		(46,000)
Market valuation		of listed	771,888	737,06?	771,888	737,067
investments

s
					Group	Group	Charity	Charity
					2020	2019	2020	2019
								F
Amount	falling	due within		one
year:
Trade debtors					5,604	3,734	1,359	1,124
Prepayments		and accrued income			2,758	4,071		626
					8,362	7,805	2,112	1,750
ors: amount		falling	due	within one	year
					Group	Group	Charity	Charity
					2020	2019	2020	2019
Trade	creditors				29,953	16,930	29,953	16,930
Taxation and social security					4,028	6,493	4,028	6,493
costs
Accruals and deferred				income	137,335	107,497	26,866	16,127
Kim Scott Walwyn			Prize		11,574	12,770	11,574	12,770
					182,890	143,690	72,421	52,320

		Balance at	Incoming	Gains, losses	Gains, losses	Balance at
		1Jan 2020	resources	and transfers		31 Dec 2020
Permanent endowment		623,743			29,467	653,210
15a.Analysis ofgroup	net assets	between funds
		Group	Group
		Unrestricted	Endowment		2020	2019
		Funds	Funds
Funds balances at 31
Dec 2020 are
represented	by:
Tangible fixed	assets
Investments		118,678	653,210		771,888	737,067
Current assets		244,344			244,344	192,383
Creditors: amounts		(182,890)			(182,890)	(143,690)
falling due within one
year
		180,132	653,210		833,342	785,760
15b.
		Charity	Charity
		Unrestricted	Endowment		2020	2019
		Funds	Funds
				f
Funds balances at 31
Dec 2020 are
represented	by:
Tangible fixed	assets
Investments		118,678	653,210		771,888	737,067
Current assets		91,614			91,614	80,108
Creditors: amounts		(72,421)			(72,421)	(52,320)
falling due within one
year
		137,871	653,210		791,081	764,855

iliation of net move	ment in funds	to net cash fl	ow from operat	ing activities
		Group	Group	Charity	Charity
		2020	2019	2020	2019
Net income/expenditure		12,761	(83,114)	(8,595)	(78,829)
Interest received		(161)	(387)	(161)	(387)
Depreciation oftangible assets
Increase/(Decrease)	in debtors	(2,482)	15,382	(362)	13,284
Increase/(Decrease)	in creditors	41,125	(1,240)	20,101	3,264
Net cash flow from operating		51,243	(69,359)	10,983	(62,668)
activities

iliation of net cash flow to m	ovement in net f	unds
	Group	Group	Charity	Charity
	2020	2019	2020	2019
Balance at 1 Jan 2020	184,578	207,550	78,358	94,639
Net cash (outflow)/inflow	51,404	(22,972)	11,144	(16,281)
Balance at 31 Dec 2020	235,982	184,578	89,502	78,358

						Group	Group	Change	in year
						2020	2019
A	Cash	at	bank	and	in	235,982	184,578		51,404
	hand
						235,982	184,578		51,404
						Charity 2020	Charity 2019	Change	in year
							F
B	Cash	at	bank	and	in	89,502	78,358		11,144
	hand
						89,502	78,358		11,144