2021-12-31-accounts

		Page
Trustees' report		1-8
Statement ofTrustees'	responsibilities
Independent Auditors'	report	10-11
Statement offinancial	activities	12
Balance sheet		13
Statement ofcash flows		14
Notes to the financial	statements	15-26

			PTC	PTC	PQB	Consolidated	Total
		Notes	Endowment	Unrestricted	Unrestricted	Funds	Funds
			Funds	Funds	Funds	2021	2020
						f:
Income from:
Courses				338,425	183,557	521,982	366,416
Interest				31		31	161
Total income				338,456	183,557	522,013	366,577
Publicity and promotion				15,039	15,143	30,182	28,042
Charitable activities
Courses				246,811	137,425	384,236	325,774
Total expenditure				261,850	152,568	414,418	353,&16
Net expenditure/income				76,606	30,989	107,595	12,761
before gains on	investments
Net loss/gain on	Investments		72,397	13,153		85,550	34,821
Nei (expenditure)/income			72,397	89,759	30,989	193,145	47,582
Transfer between	funds
Net movement	in funds		72,397	89,759	30,989	193,145	47,582
Fund balances at 1 January			653,210	137,871	42,261	833,342	785,760
2021
Fund balances	at		725,607	227,630	73,250	1,026,487	833,342
31 December 2021

			2021
			Group			PTC
		Notes	2021	2020	2021		2020
Fixed Assets
Tangible assets		9
investment		10	857,438	771,888	857,438		771,888
			857,438	771,888	857,438		771,888
Current Assets
Debtors			23,733	8,362	15,071		2,112
Cash at bank and in	hand		365,598	235,982	173,114		89,502
			389,331	244,344	188,185		91,614
Creditors: amounts	falling
due within one year
		12	(220,282)	(182,890)	(92,386)		(72,421)
Net current assets			169,049	61,454	95,799		19,193
Net Assets			1,026,487	833,342	953,237		791,081
Income funds
Endowment funds		14	725,607	653,210	725,607		653,210
Unrestricted funds			300,880	180,132	227,630		137,871
Total funds			1,026,487	833,342	953,237		791,081

				Group		PTC
			Notes	2021	2020	2021	2020
						f.	E
Cash flows from Operating Activities			16	129,585	51,243	83,581	10,983
Cash flows from
Investing Activities
Interest Received/Gains				31	161		161
Increase/Decrease Cash Equivalents	in Cash	and		129,616	51,404	83,612	11,144
Cash and Cash Equivalents the beginning ofthe year		at		235,982	184„578	89,502	78,358
Total Cash and Cash
Equivalents at the	end ofthe			365,598	235,982	173.114	89,502
year

		2021	2020
Short courses 8 E-Learning	(PTC)	338,425	134,063
Distance Learning courses	(PQB)	183,557	232,353
		521,982	366,416

			2021	2020
Interest	receivable	deposits	31	161

		Activities	Support costs	Total	Total
	undertaken	directly		2021	2020
					E
Short courses 8		139,154	107,657	246,811	127,872
E-Learning
Distance Learning		81,684	55,741	137,425	197,902
		220,838	163,398	384,236	325,774

is ofsupport	and go	vernance cos	ts
		Support	Governance	Total 2021 f	2020 R	Basis
Office costs (inc.		8,101	2,701	10,802	12,235	Allocated	on
Rent)						time
Human resources		108,368	36,648	145,016	139,387	Allocated	on
(inc. pension)						time
Other (inc.		105		105	363	Support
irrecoverable	VAT)
Audit 8 Tax fees			3,475	3,475	3,990	Governance
Legal Fees			4,000	4,000	8,818	Governance
Total		116,5?4	46,824	163,398	164,?93

nance costs
	2021	2020
		E
Audit 8 Tax fees	3,475	3,990
Legal fees	4,000	8,818
Support costs	39,349	38,273
	46,824	51,081

		2021	2020
This is stated	after charging
Depreciation oftangible assets
Operating lease rentals:
Land and	buildings
Auditors'	remuneration
(Group)		2,700	2,700
(Charity)		1,600	1,600

The average number of	employees, analys	ed by functio	n, during th	e year w
Governance	Group	Group	PTC	PTC
	2021	2020	2021	2020
Courses		2	2
		1	1
Web 8 Promotion		1	1

		Group	Group	PTC	PTC
		2021 f.	2020	2021	2020f
Salaries (including	contractual	124,567	118,128	80,969	43,708
staff)
Social Security costs		9,257	8,228	6,017	3,044
Pension costs		11,192	13,031	7,274	4,821
		145,016	139,387	94,260	51,573

fixed assets (Group &	PTC)
	Teaching	Office	Furniture	Total
	and	equipment	and fittings
	computer
	equipment
Cost
At 1 Jan 2021	5,077	4,350		9,427
Additions
Disposals	(5,077)	(4,350)		(9,427)
At 31 Dec 2021
Depreciation
At 1 Jan 2021	5,077	4,350		9,427
Charge for the year
On Disposal	(5,077)	(4,350)		(9,427)
At 31Dec 2021
Net BookValue
At 31Dec 2021
At 31 Dec2020

ents
			Group	Group	PTC	PTC
			2021	2020	2021	2020
					f	f
Investments	listed		771,888	737,067	771,888	737,067
Purchase ofinvestments
Unrealised	gain/loss		85,550	34,821	85,550	34,821
Realised gain
Transfer
Market valuation		of listed	857,438	771,888	857,438	771,888
investments

s
			Group	Group	PTC	PTC
			2021	2020	2021	2020
						F
Amount	falling	due within one
year:
Trade debtors			21,625	5,604	14.448	1,359
Prepayments		and accrued income	2,108	2,75&	623	753
			23733	8,362	15,071	2,112

s: amount falling	due	within one	year
			Group	Group	PTC	PTC
			2021	2020	2021	2020
Trade creditors			6,996	29,953	6,996	29,953
Taxation and social	security		14,544	4,028	14,544	4,028
costs
Accruals and deferred		income	198,742	137,335	70,846	26,866
Kim Scott Watwyn	Prize			11,574		11,574
			220,282	182,890	92,386	72,421

14. Endowment funds
			Iwovement	in	Funds
		Balance at	Incoming		Gains,	Balance	at
		1Jan 2021	resources	losses, and		31Dec 2021
					transfers E		f
Permanent endowment		653,210			72,397	725,607
15a.Analysis ofgroup	net assets	between funds
		Group	Group
		Unrestricted	Endowment		2021	2020
		Funds	Funds
Funds balances at 31
Dec 2021 are
represented by:
Tangible fixed	assets
investments		131,831	725,607		857,438	771,888
Current assets		389,331			389,331	244,344
Creditors: amounts		(220,282)			(220,282)	(182,890)
falling due within one
year
		300,880	?25,607		1,026,487	833,342
15b.
		PTC		PTC
		Unrestricted	Endowment		2021	2020
		Funds	Funds
		E
Funds balances at 31
Dec 2021 are
represented	by:
Tangible fixed	assets
Investments		131,831	725,607		857,438	771,888
Current assets		188,185			188,185	91,614
Creditors: amounts		(92,386)			(92,386)	(72,421)
falling due within one
year
		227„630	725,607		953,237	791,081
						Page L24

iliation ofnet move	ment in funds	to net cash flo	w from operat	ing activities
		Group	Group	PTC	PTC
		2021	2020	2021	2020
Net income/expenditure		107,595	12,761	76,606	(8,595)
Interest received		(31)	(161)	(31)	(161)
Depreciation oftangible assets
Increase/(Decrease)	in debtors	(15,371)	(2,482)	(12,959)	(362)
Increase/(Decrease)	in creditors	37,392	41,125	19,965	20,101
Net cash flow from operating		129,585	51,243	83,581	10,983
activities

iliation ofnet cash flow to m	ovement in net f	unds
	Group	Group	PTC	PTC
	2021	2020	2021	2020
Balance at 1 Jan 2021	235,982	184,578	89,502	78,358
Net cash (outflow)/inflow	129,616	51,404	83,612	11,144
Balance at 31 Dec 2021	365,598	235,982	173,114	89,502