| Page | |||
|---|---|---|---|
| Trustees' | report | ||
| Statement | ofTrustees' | responsibilities | |
| Independent Auditors' |
report | 9-10 | |
| Statement | offinancial | activities | |
| Balance sheet | 12 | ||
| Statement | ofcash flows | ||
| Notes to | the financial | statements | 14-25 |
| Expend | iture A |
ccount for th | e year ended | 31 Decem | ber 2022 | ||
|---|---|---|---|---|---|---|---|
| PTC | PTC | PQB | Consolidated | Total | |||
| Notes | Endowment | Unrestricted | Unrestricted | Funds | Funds | ||
| Funds | Funds | Funds | 2022 | 2D21 | |||
| Income from: | |||||||
| Courses | 384,216 | 137,159 | 521,375 | 521,982 | |||
| Interest | 971 | 971 | |||||
| Total income | 385,187 | 137,15S | 522,346 | 522,013 | |||
| Ex enditure on: | |||||||
| Publicity and promotion |
14,965 | 14,583 | 29,548 | 30,182 | |||
| Charitable activities |
|||||||
| Courses | 319,735 | 108,910 | 428,645 | 384,236 | |||
| Total expenditure | 334,700 | 123,493 | 458,193 | 414,41S | |||
| Net expenditurelincome | 50,48T | 13,666 | 64,153 | 107,595 | |||
| before gains on | investments | ||||||
| Net losslgain on |
Investments | (59,441) | (10,799) | (70,240) | 85,550 | ||
| Net (expenditure)/income | (59,441) | 39,688 | 13,666 | (6,087) | 193,145 | ||
| Transfer between | funds | ||||||
| Net movement | in funds | (59,441) | 39,688 | 13,666 | (6,087) | 193,145 | |
| Fund balances at 1 January | T25,607 | 227,630 | 73,250 | 1,026,48? | 833,342 | ||
| 2022 | |||||||
| Fund balances | at | 666,166 | 267,318 | 86,916 | 1,020,400 | 1,026,487 | |
| 31 December 2D22 |
2022 |
|||||||
|---|---|---|---|---|---|---|---|
| Group | PTC | ||||||
| Notes | 2022 | 2022 | 2021 | ||||
| f | F | ||||||
| Fixed Assets | |||||||
| Tangib!eassets | 9 | ||||||
| Investment | 10 | 787,198 | 857,438 | 787,198 | 857,438 | ||
| 787,198 | 857,438 | ?87,198 | 85?,438 | ||||
| Current Assets | |||||||
| Debtors | 26,311 | 23,733 | 15,495 | 15,071 | |||
| Cash at bank | and in | hand | 437,634 | 365,598 | 215,211 | 1?3,114 | |
| 463,945 | 389,331 | 230,706 | 188,185 | ||||
| Creditors: amounts | falling | ||||||
| due within one year | |||||||
| 12 | (230,743) | (220,282) | (84,420) | (92,386) | |||
| Net current assets | 233,202 | 169,049 | 146,286 | 95,799 | |||
| Net Assets | 1,020,400 | 1,026,487 | 933,484 | 953,237 | |||
| Income funds | |||||||
| Endowment | funds | 14 | 666,166 | 725,607 | 666,166 | 725,607 | |
| Unrestricted | funds | 354,234 | 300,880 | 267,318 | 227,630 | ||
| Total funds | 1,020,400 | 1,026,487 | 933,484 | 953,237 |
| Group | PTC | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 2022 | 2021 | 2022 | 2021 | |||
| Cash flows from Operating Activities |
16 | 71,065 | 129,585 | 41,126 | 83,5&1 | ||
| Cash flows from | |||||||
| Investing Activities |
|||||||
| interest Received/Gains | 971 | 31 | 971 | ||||
| increase/Decrease Cask Equivalents |
in Cash | and | 72,036 | 129,616 | 42,097 | 83,612 | |
| Cash and Cash Equivalents the beginning ofthe year |
at | 365,598 | 235,982 | 173,114 | 89,502 | ||
| Total Cash and Cash | |||||||
| Equivalents at the |
end ofthe | 437,634 | 365,598 | 215„211 | 173,114 | ||
| year |
| 2022 | 2021 | ||
|---|---|---|---|
| Short courses 8 E-Learning | (PTC) | 384,216 | 338,425 |
| Distance Learning courses | (PQBI | 137,159 | 183,557 |
| 521,375 | 521,982 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Interest | receivable | deposits | 971 | 31 |
| Activities | Support costs | Total | Total | ||
|---|---|---|---|---|---|
| undertaken | directly | 2022 | 2021 | ||
| f: | F | ||||
| Short courses 8 | 133,300 | 186,435 | 319,735 | 246,811 | |
| E-Learning | |||||
| Distance Learning | 65,741 | 43,169 | 108,910 | 137,425 | |
| 199,041 | 229,604 | 428,645 | 384,236 |
| s ofsupport | and go |
vernance cos |
ts | ||||
|---|---|---|---|---|---|---|---|
| Support f |
Governance F |
Total 2022 | 2021 | Basis | |||
| Office costs (inc. | 11,l30 | 2,236 | 13,366 | 10,802 | Allocated | on | |
| Rent) | time | ||||||
| Human resources |
125,685 | 22,753 | 148,438 | 145,016 | Allocated | on | |
| {inc.pension) | time | ||||||
| Other (inc. | 105 | Support | |||||
| irrecoverable | VAT) | ||||||
| Audit 8 Tax fees | 3,300 | 3,300 | 3,475 | Governance | |||
| Legal Fees | 1,500 | 1,500 | 4,000 | Governance | |||
| Recruitment | Fees | 13,000 | 13,000 | Governance | |||
| Donation | 50,000 | 50,000 | Support | ||||
| Total | 186,815 | 42,789 | 229,604 | 163,398 |
| ance costs | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Office Costs | 2,236 | 2,701 | |
| Human Resources |
22,753 | 36,648 | |
| Audit 8 Tax | fees | 3,300 | 3,475 |
| Legal fees | 1,500 | 4,000 | |
| Recruitment | Fees | 13,000 | |
| 42,789 | 46,824 |
| 2022 | 2021 | ||
|---|---|---|---|
| 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 |
|---|---|---|---|---|
| Group | Group | PTC | PTC | |
| 2022 | 2021 | 2022 | 2021 | |
| Courses | 2 | 2 | ||
| Governance | 1 | 1 | ||
| Web 8 Promotion | 1 | 1 | ||
| 4 | 4 |
| Group | Group | PTC | PTC | ||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| F | f | ||||
| Salaries (including | contractual | 126,371 | 124,567 | 93,514 | 80,969 |
| staff) | |||||
| Social Security costs | 10,035 | 9,257 | 7,426 | 6,017 | |
| Pension costs | 12,032 | 11,192 | 8,904 | 7,274 | |
| 148,438 | 145,016 | 109,844 | 94,260 |
| fixed assets (Group 8 | PTC) | |||
|---|---|---|---|---|
| Teaching | Office | Furniture | Total | |
| and | equipment | and fittings | ||
| computer | ||||
| equipment | ||||
| Cost | ||||
| At1 Jan 2022 | ||||
| Additions | ||||
| Disposals | ||||
| At 31 Dec 2022 | ||||
| Depreciation | ||||
| At 1 Jan 2022 | ||||
| Charge for the year | ||||
| On Disposal | ||||
| At 31Dec 2022 | ||||
| Net Book Value | ||||
| At 31 Dec2022 | ||||
| At 31 Dec 2021 |
| ents | |||||||
|---|---|---|---|---|---|---|---|
| Group | Group | PTC | PTC | ||||
| 2022 | 2021 | 2022 | 2021 | ||||
| Investments | listed | 857,438 | 771,888 | 857,438 | 771,888 | ||
| Purchase | ofinvestments | ||||||
| Unrealised | gain/loss | (70,240) | 85,550 | (70,240) | 85,550 | ||
| Realised | gain | ||||||
| Transfer | |||||||
| Market valuation | of listed | 7S7,198 | 857,438 | 787,198 | 857,43S | ||
| investments |
| s | ||||||
|---|---|---|---|---|---|---|
| Group | Group | PTC | PTC | |||
| 2022 | 2021 | 2022 | 2021 | |||
| f | ||||||
| Amount | falling | due within one | ||||
| year: | ||||||
| Trade debtors | 23,581 | 21,625 | 13,870 | 14,448 | ||
| Prepayments | and accrued income | 2,730 | 2,108 | 1,625 | ||
| 26,311 | 23,733 | 15,495 | 15,071 |
| : amount falling due |
within one | year | |||
|---|---|---|---|---|---|
| Group | Group | PTC | PTC | ||
| 2022 | 2021 | 2022 | 2021 | ||
| F | E | ||||
| Trade creditors | 27,133 | 6,996 | 27,133 | 6,996 | |
| Taxation and social security | 'l1,442 | 14,544 | 11,442 | 14,544 | |
| costs | |||||
| Accruals and deferred | income | 192,168 | 198,742 | 45,845 | 70,846 |
| 230,743 | 220,2S2 | 84,420 | 92,386 |
| 14.Endowment fund |
s | ||||
|---|---|---|---|---|---|
| Movement | in Funds | ||||
| Balance at | Incoming | Gains, | Balance at | ||
| 1 Jan 2022 | resources | losses, and | 31 Dec 2022 | ||
| transfersf | |||||
| Permanent | endowment | 725,607 | (59,441) | 666,166 | |
| 15a.Analysis ofgroup net assets | between funds |
| 15a.An | alysis ofgroup | net assets b | etween funds | |||
|---|---|---|---|---|---|---|
| Group | Group | |||||
| Unrestricted | Endowment | 2022 | 2021 | |||
| Funds | Funds | |||||
| Funds balances at 31 | ||||||
| Dec 2022 are | ||||||
| represented by: |
||||||
| Tangible fixed | assets | |||||
| investments | 121,032 | 666,166 | 787,198 | 857,438 | ||
| Current assets | 463,945 | 463,945 | 389,331 | |||
| Creditors: amounts | (230,743) | (230,743) | (220,282) | |||
| falling due within one | ||||||
| year | ||||||
| 354,234 | 666,166 | 1,020,400 | 1,026,487 | |||
| 15b. | ||||||
| PTC | PTC | |||||
| Unrestricted | Endowment | 2022 | 2021 | |||
| Funds | Funds | |||||
| Funds balances at 31 | ||||||
| Dec 2022 are | ||||||
| represented | by: | |||||
| Tangible fixed | assets | |||||
| Investments | 121,032 | 666,166 | 787,198 | 857,438 | ||
| Current assets | 230,706 | 230,706 | 188,185 | |||
| Creditors: amounts | (84,420) | (84,420) | (92,386) | |||
| falling due within one | ||||||
| year | ||||||
| 267,318 | 666,166 | 933,484 | 953,237 | |||
| Page ) 23 |
| iliation ofnet move |
ment in funds |
to net cash fl | ow from operati | ng activities |
|
|---|---|---|---|---|---|
| Group | Group | PTC | PTC | ||
| 2022 | 2021 | 2022 | 2021 | ||
| Net income/expenditure | 64,153 | 107,595 | 50,487 | 76,606 | |
| Interest received | (971) | (31) | (971) | (31) | |
| Depreciation oftangible assets |
|||||
| Increase/(Decrease) | in debtors | (2,578) | (15,371) | (424) | (12,959) |
| increase/(Decrease) | in creditors | 10,461 | 37,392 | (7,966) | 19,965 |
| Net cash flow from operating | 71,065 | 129,585 | 41,126 | 83,581 | |
| activities |
| iliation of net cash flow to m |
ovement in net f |
unds | ||
|---|---|---|---|---|
| Group | Group | PTC | PTC | |
| 2022 | 2021 | 2022 | 2021 | |
| Balance at 1 Jan 2022 | 365,598 | 235,982 | 173,114 | 89,502 |
| Net cash (outflow)/inflow | 72,036 | 129,616 | 42,097 | 83,612 |
| Balance at 31 Dec 2022 | 43?,634 | 365,598 | 215,211 | 173,114 |
| is | ofnet f | un | ds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Group | Group | Change | in year | ||||||
| 2022 | 2021 | ||||||||
| A | Cash | at | bank | and | in | 437,634 | 365,598 | 72,036 | |
| hand | |||||||||
| 437,634 | 365,598 | 72,036 | |||||||
| PTC | PTC | Change | in year | ||||||
| 2022 | 2021 | ||||||||
| B | Cash | at | bank | and | in | 215,211 | 173,114 | 42,097 | |
| hand | |||||||||
| 215,211 | 173,114 | 42,097 |