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|---|---|---|---|
|Trustees'|report|||
|Statement|ofTrustees'|responsibilities||
|Independent<br>Auditors'||report|9-10|
|Statement|offinancial|activities||
|Balance sheet|||12|
|Statement|ofcash flows|||
|Notes to|the financial|statements|14-25|





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||Expend|iture<br>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<br>and promotion||||14,965|14,583|29,548|30,182|
|Charitable<br>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<br>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||||||||





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|||||<br>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|





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|||||Group||PTC||
|---|---|---|---|---|---|---|---|
||||Notes|2022|2021|2022|2021|
|Cash flows from<br>Operating<br>Activities|||16|71,065|129,585|41,126|83,5&1|
|Cash flows from||||||||
|Investing<br>Activities||||||||
|interest Received/Gains||||971|31|971||
|increase/Decrease<br>Cask Equivalents|in Cash|and||72,036|129,616|42,097|83,612|
|Cash and Cash Equivalents<br>the beginning<br>ofthe year||at||365,598|235,982|173,114|89,502|
|Total Cash and Cash||||||||
|Equivalents<br>at the|end ofthe|||437,634|365,598|215„211|173,114|
|year||||||||





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|||2022|2021|
|---|---|---|---|
|Short courses 8 E-Learning|(PTC)|384,216|338,425|
|Distance Learning courses|(PQBI|137,159|183,557|
|||521,375|521,982|



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||||2022|2021|
|---|---|---|---|---|
|Interest|receivable|deposits|971|31|



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|||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|





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|s ofsupport|<br>and go|vernance<br>cos|ts|||||
|---|---|---|---|---|---|---|---|
|||Support<br>f|Governance<br>F|Total 2022|2021|Basis||
|Office costs (inc.||11,l30|2,236|13,366|10,802|Allocated|on|
|Rent)||||||time||
|Human<br>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|||



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|ance costs||||
|---|---|---|---|
|||2022|2021|
|Office Costs||2,236|2,701|
|Human<br>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|





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|||2022|2021|
|---|---|---|---|
|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|
|---|---|---|---|---|
||Group|Group|PTC|PTC|
||2022|2021|2022|2021|
|Courses||2|2||
|Governance||1|1||
|Web 8 Promotion||1|1||
|||4|4||





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|||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|



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|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|||||



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|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||||||||





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|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<br>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|



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|14.Endowment<br>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<br>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<br>) 23|





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|iliation<br>ofnet move|ment<br>in funds|to net cash fl|ow from operati|ng<br>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<br>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<br>of net cash flow to m|ovement<br>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|





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|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|



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