# ## |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| ## ## ## ##