## 



## 

## 

## 

## 

## 

## 



## 

|||Page|
|---|---|---|
|Trustees'<br>report||1-8|
|Statement ofTrustees'|responsibilities||
|Independent<br>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<br>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<br>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||||||||





## 

## 

||||<br>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<br>funds||14|725,607|653,210|725,607||653,210|
|Unrestricted<br>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<br>Operating<br>Activities|||16|129,585|51,243|83,581|10,983|
|Cash flows from||||||||
|Investing<br>Activities||||||||
|Interest Received/Gains||||31|161||161|
|Increase/Decrease<br>Cash Equivalents|in Cash|and||129,616|51,404|83,612|11,144|
|Cash and Cash Equivalents<br>the beginning<br>ofthe year||at||235,982|184„578|89,502|78,358|
|Total Cash and Cash||||||||
|Equivalents<br>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<br>f|2020<br>R|Basis||
|Office costs (inc.||8,101|2,701|10,802|12,235|Allocated|on|
|Rent)||||||time||
|Human<br>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<br>oftangible assets||||
|Operating<br>lease rentals:||||
|Land and|buildings|||
|Auditors'|remuneration|||
|(Group)||2,700|2,700|
|(Charity)||1,600|1,600|



|The average number of|employees,<br>analys|ed<br>by functio|n,<br>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<br>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<br>funds||||||||
|---|---|---|---|---|---|---|---|
||||Iwovement|in|Funds|||
|||Balance at|Incoming||Gains,|Balance|at|
|||1Jan 2021|resources|losses, and||31Dec 2021||
||||||transfers<br>E||f|
|Permanent<br>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<br>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<br>ofnet move|ment<br>in funds|to net cash flo|w from operat|ing<br>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<br>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<br>ofnet cash flow to m|ovement<br>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|





## 

## 


## 

## 

## 

## 

##